Tag Archive: pitch

Sales Thought – Do You Really Want to Hear?

by Nick Miller of Clarity Advantage

In which we are reminded about the subtle cues we use to control conversation and how they affect what we learn from clients. 

“It’s in how you ask the question, the eye contact, your body language. Are you really wanting to hear the answer or do you want to move on?”

My wife and I had just returned from a neighborhood pre-Christmas party. 25 people, folks that we see every year at this party plus new neighbors who had moved in during the year. Each of the families contributes food to the table and hors d’oeuvres. It’s a magnificent spread. People are happy, glad to see each other, catching up on up to a year’s worth of news.

I consider myself fairly sociable and conversational in these settings. However, when we came home, my wife returned with all kinds of information about the neighbors’ mothers, sisters, jobs, husbands, former husbands, kids, and on and on. “I got nothing” would be too harsh an assessment of my own learning during the evening and there was a dramatic difference between what I had learned and what my wife had learned.

Sales Thought – Hidalgo

by Nick Miller of Clarity Advantage

In which we are reminded: Like great movie writers and directors, our clients and prospects sometimes spin stories that are not completely connected to the truths they purport to represent. We can be entertained, and we should verify before contracting.

Sales Thought – Good Ideas. Fast Fulfilled.

by Nick Miller of Clarity Advantage

In which we are reminded that, if we want to gain entry to a new account, we may need to present an idea that can be implemented fast.  

 

In Manhattan at the end of a day-long meeting last week, another meeting participant and I fled to Lexington Avenue to grab a cab for the run to LaGuardia Airport. After a quick arm raise, a cab appeared.   We stuffed our suitcases into the opened trunk.  My colleague went left to slide into the curb side of the cab behind the driver. A few seconds  later, watching for passing traffic hurtling down Lex, I opened the street side rear passenger door and began sliding, somewhat stiffly,  into the cab.  With my left leg in and left butt cheek on the rear seat , I paused for a moment to swing my brief case around.  As I raised the case,  the cab driver took off down Lexington Avenue toward  La Guardia.

 

“Whoa, whoa, WHOA!” I shouted.

Sales Thought – Triple Priced

by Nick Miller of Clarity Advantage

In which we are reminded that good negotiating outcomes begin with and depend on value-oriented discovery and selling.

Last Saturday, I felt the urge to cook some salmon for dinner.   Since I was at the office Saturday afternoon, I thought I’d go across the street to the fish market to buy a pound to take home.  At about 5:15, mouth watering with anticipation,  I closed up shop  and walked over.  There before me in their cases lay the orangeish filleted objects of my desire.  No prices marked.

“I’d like to buy some salmon for dinner,” I piped up.

“Sure,” says the man behind the cases. “And how much would you like?”

“A pound,” says I.

He cut the fish. “That’ll be …”  And he quoted a price that was, literally, three times the price per pound  of salmon at the supermarket about a ten minute drive away.

Sales Thought – Toccata and Fugue

by Nick Miller of Clarity Advantage

In which we are reminded that there ain’t no such thing as a commodity if we consider buyers’ preferences and their buying experience.

The golden New Hampshire morning sun was three hours old. Under a perfect sky, the campus and her students lay still on a Sunday morning. And, then, we were awake.

Dee-dah-dee.   Digga-digga-deeeee-deeeeeeeee.

The powerful opening strains of Bach’s Toccata and Fugue in D minor played at Led Zeppelin volume. I’d never heard it before.

Sales Thought – What Will They Miss (About You)?

by Nick Miller of Clarity Advantage

In which we pause briefly to consider our personal value and value propositions – what people find most valuable about us.

I’m a couple of weeks away from my annual physical, an office visit with the physician who has taken care of me for many years. Last month, while discussing health “stuff” with a group of friends, one of them – himself a veteran of several trips around the block -  said, “Everybody wants a young doctor and an old lawyer.”

I got to thinking about older doctors, for example, my own, who is approaching 40 years in practice, and why I value his counsel and our relationship… and what I will miss when he retires from practice in a short number of years.

Sales Thought – Rehearsed Action

by Nick Miller of Clarity Advantage

In which we are reminded of the value of over-preparing for high stakes sales calls.

Long ago in auditoriums far away, thousands of my closest friends and I competed in the Toastmasters International annual public speaking contests.  Best training ever. 

These were five round single elimination contests, speeches five to seven minutes long, played out over a few months every spring.  Only seven of the many thousand contestants appeared in the final round. 

While some speakers were very cool about the contests, most of us were not.  Our bellies churned, our shirts moistened, our skins felt cold and clammy, our throats … got… very…. tight… and our hands shook.

Sales Thought – Favorite Question

In which we are reminded to understand our client’s purpose in a discussion.

Someone asked me this week, ‘Do you have a favorite question that you use in sales calls?’

 After overcoming the urge to reply, ‘Yes,’  and listing a dozen wonderful questions, I replied, ‘Tell me a little about what’s happening in your calls.”

The asker’s reply: ‘Well, you know, a question that gets your clients to open up and tell you what you need to know so you know what to talk about or what to sell.’

I found myself wondering about this guy’s social life. Like, has he spent his life searching for the one favorite question or line that would lead otherwise perfectly sensible prospective mates to sigh, swoon, and run off with him to live happily ever after? Has he been searching for THAT one favorite question, too?

‘Well, how do you typically manage your calls?’ I asked. I won’t bore you with his answer, ‘blah, blah, blah, blah, blah,’ and I discovered, as I listened to his meanderings, that I do, in fact, have a favorite question.

This is such a powerful question that I should be charging you hundreds or thousands of dollars just simply to be reading this column, so convinced I am that your regular use of this question will increase your sales. I run the risk of giving up half my income for the rest of my life by sharing this incredible secret with you. A secret that took me years of research and experience with thousands of sales people to discover.

Sales Thought – Standing Out

In which we discuss strategies to draw attention and attract  prospects and referrals.

During a training session for branch managers and small business bankers, I shifted the focus from typical networking and prospecting to “attraction marketing” – attracting prospects to us rather than stalking and chasing them.

Feeling a little frisky, I asked, “Remember when you were dating? What strategies did you use to attract people to you?” Virtually all eyes in the room went straight to the floor. Silence.

Sales Thought – Magic Words

In which we discuss the importance of referrals rather than the power of magic words to gain audiences with prospects.

In our neck of the woods, Harry Potter movies appear on various cable channels almost as frequently as “storm chaser” programs featuring lunatics who chase or who are chased by tornados.  Having watched both genres a few times, and knowing that in both cases the endings are good and the acting is bad,  I strongly prefer the Potter movies for recreational couch sitting, particularly the first three.

I love the moments when Harry or Ron or their friends are in immediate, ghastly, horrfying danger, blabbering words for a spell,  not quite getting it right, until, just at the last moment, they SAY THE RIGHT WORDS … and… WHAM.. they’re saved.   Strong wizardly power.

As a parent and sales coach, however, I’m NOT crazy about “wizard power” because it creeps into our thinking and undermines our human power.

For example: During one of our recent “Winning at Prospecting” training sessions,  we’d just finished the discussion about “Rule #1: Referrals, Referrals, Referrals” when one of the participants (with the immediate agreement of others in the room) said,

“I just keep thinking that, if I somehow say the right words, I’ll get an appointment.”

Sales Thought – Too Quick To Answer

In which we are reminded that we need to understand the question before we answer.

“Will this engagement address commercial real estate loans?”,  one of the executives in the room asked.

I smiled and gently replied, “No, that’s not our focus this morning.”

Without breaking eye contact with me, he smiled tightly and continued: “Well, the reason I ask is….” and he described his concerns. They were good concerns.

As I was listening, the Little Voice in My Head shouted, “May Day! May Day! Wrong! Wrong! Wrong!”

Why “Wrong?”

Sales Thought – Nothin’ But Trouble

In which we are reminded to be careful about “sharing our experience” when asked until we understand the details, no matter how tempting.
 
Yeah, we’re already doing that…”
 
I spoke at a banking industry conference last week.  During one of the breaks, I chatted with a conference participant; after a bit, he described a cross-selling sales challenge with his sales team.  Interested, I said, “Interesting… tell me more about that.”
 
He went on for a bit, then asked, “What strategies have you seen other banks use to increase their cross sells?”
 
Without much hesitation, the “Oh, gosh, I’d love to be helpful” voice came out of my mouth. “Well,” I said, “two strategies we’ve seen work well in settings like yours are (strategy A) and (strategy B).”
 
 I received the summary dismissal I deserved for my careless response: “Yeah, we’re already doing that.”
 
 (In other words: “You haven’t told me anything I don’t already know” and “Unless you have something better than that, pal, I’m moving on.”)

Sales Thought – Effort and Results

In which we consider the advantages of introducing ourselves as our benefit rather than as our job description.

Each time I sat in his office,  his small bronzed desk plaque hissed at me, “Do not confuse effort with results.”  30 inches distant,  securely bolted, passive, dead center, front.   Whatever the topic, the plaque stripped the varnish away. “Let’s look… at what you’ve  d o n e.”
 
Segue to… a business gathering. You’re mingling with others. Someone turns to you and says, “Hello, I’m Fred Smith from Amoximated Company.  What do you do?”  You don’t know Fred, you don’t know what’s important to him or what he’s listening for. How do you respond?
 
With a result.  The desk plaque’s legacy.  You could say:
 
 
 (1) “Hello. Fred, I’m a senior relationship manageer at ABC Company based here in the city. I manage our major account relationships in the consumer packaging industry. I work with a team of people who bring expertise from several important financial and technical disciplines to help our clients manufacture more efficiently.”
 
or..
 
 (2) “Hello, Fred.  I work at ABC Company. I help consumer packaging companies reduce manufacturing costs five to ten percent.
 
 
The first one is an “EFFORT” description — a job title and job description, bland, passive, pablum. The second one is a RESULT – crisp, unapologetic, provocative. If Fred wants more discussion, the starting line is bold and clear.     He’s likely to ask, “How do you do that?”
 
Listen, next time you’re mixing with others. What do you hear? Effort or results?  “I sell office equipment. I’m a corporate banker. I’m an asset manager. I sell ball bearings.  I’m a senior accountant at Knight and Day.”  It’s all “effort” and job description. 
 
To stand out, focus on your results. The benefit statements of you. And, if you can’t prove quantitative results, focus on how you help others achieve them.  For example:  The qualitative result,  “I help business owners operate their companies more efficiently,” is stronger than the job description, “I’m a branch manager” or “I’m a Business Banker.”
 
Do not confuse them with your effort or your job title.  Focus on your results.

by Nick Miller of Clarity Advantage

Sales Thought – Creaky Knees

In which we revisit the importance of looking at the whole picture even when someone says, “it hurts …right … here.”  
 
Youthful excess and advancing age have led to creaky joints. From time to time, I seek help from physical therapists, trainers, and physicians. 
 
I went to see a new provider last week. Our interview began with, ”What has brought you here?”

Looking for Spoons, or, Take the Blinders Off

… in which we discuss the benefits of asking broader questions before we qualify someone for our products..It’s a small cafeteria. Solid food to the right. Salad to the left. Cashier at the end.
 
Running to an early morning project team meeting down the hall, two of us swept through, grabbing orange juices, bananas, and blueberry yogurts to sustain us. “Spoons,” my partner said. “Right,” I replied, looking left, right, and down. “Spoons.”
 
None in sight. “This is silly,” I thought, looking at counter tops. “They should be here.” Couldn’t see a one.
 
We found cafeteria staff. She pointed down to the counter that had been directly in front of us. I could see them, now that I’d backed up a few paces. Spoons. Full-sized spoons. BLACK spoons.
 
Well, I hadn’t been looking for full-sized BLACK spoons. I’d been looking for small, flimsy, white plastic spoons. I was right on top of the black spoons and I couldn’t see them while I was looking right at them.
 
We have this experience in sales calls, too. We’re moving so quickly and looking so intently for the specific needs we planned to address (white spoons) that we miss other possible opportunities or needs that we could sell or cross sell (black spoons).
 
One strategy to address this tendency is to start with ‘business’ questions rather than ‘product-qualification questions.’
 
Business questions are broad, survey questions. Product qualification questions tend to be very specific.
 
Suppose we’re selling printers and software. The just-looking-for-white-spoons “product qualification” questions would sound something like, “What kind of computers and software are you using” or “What kind of network are you operating” or “How do you currently print proposals?”
 
If we’re bankers, the product qualification just-looking-for-white-spoons questions could include “what checking accounts do you use” or “how do you use lines of credit to finance seasonal working capital?” or “how do you currently collect and process your accounts receivable?”
 
Broader business questions might include, “How has your business been evolving over the last couple of years” or “What sorts of challenges are you facing in supporting your customers” or “How have the changes in the economy affected your business?”
 
Questions like these broaden our vision a bit. We can, at least, see the black spoons or other spoons, whether or not we choose to pick them up.

by Nick Miller of Clarity Advantage