Tag Archive: product

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 – 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

Weekly Sales Thought – I’d At Least Be Curious

In which we discuss (at some length) the importance of resonating with your prospects pain points when you’re approaching to begin conversation.

This is a story about a prospecting approach – a printing company approaching Clarity.

Imagine you’re me. (And, I’m not responsible for any psychological trauma that comes as a result of your imagining.) You run a consulting and training business, working with clients in the US, Canada, and the Caribbean. Frequently, you deliver documents to your clients in multiple locations. For the “we can plan ahead” printing work, you use a printer with whom you’ve worked for a number of years.

For the “it’s midnight and we need it by breakfast time” work, your firm uses a printer whose locations frequently are close to the sites in which your materials are used. While they’re fast and located close to your client sites, they’re significantly more expensive than your regular guy, they foul up orders from time to time, and their web interface is a bit clunky, you think.

So, one morning, there appears the following email in your in-box:

Herbert Printing, Inc.

April 28, 2010

Dear Nick,

I’m writing with the hope of earning your business.

I am the Sales Manager at Herbert Printing and Graphics (check out our web site) and would very much like to speak with you to discuss how our company can save you time and money. We are in our 100th year, and are proud to say that our company continues to grow. We think that’s because we work extremely hard to form personal relationships with all our customers, and because we make it easy for you to order printing when and how you need it.

Weekly Sales Thought – Whack A Mole Sales

In which we consider the possibility that we may need to sell a transaction to start consultative relationships.
 
Within the last few weeks, several of our clients have said, almost literally, “I’m too busy to manage.”  As in, “I’m too busy to manage my business,” or “I’m too busy to coach my sales people,” or “I’m too busy to do my job.”  These are normally rational people with many years of management experience.

The $0 Marketing Plan

by Kristen Luke

Many solo practitioners find themselves in a difficult quandary – they need to market their businesses, but they don’t have budget to do so. Instead of finding ways to market on a dime, they will throw up their hands and just hope that business will magically appear. What they don’t know is that an effective marketing plan doesn’t necessarily require deep pockets. Some of the most successful marketers spend very little money on marketing but instead spend significant time on building relationships and educating their audience. For those advisors who don’t have money to spend on marketing, here are five suggestions on what you can do to market your business.

Weekly Sales Thought – Moving Target

In which we are reminded to clear time-wasters from our client lists and project lists in order to create capacity to grow.
 
Consistent readers of this column will recall that Clarity has moved headquarters to a new location, closer to civilization and dangerous moving objects like trains that did not appear in the previous location. While the physical move happened several weeks ago, the “moving process” is still active.
 
Why? I have a love-hate relationship with moving. The part I hate most about moving

Weekly Sales Thought: Distracted

In which we’re reminded of the value of periodically reviewing our clients and accounts.     

[...]

In the old days, West Concord Village was called “the Junction” because four rail lines intersected here. The one remaining line now carries commuter rail traffic from Fitchburg inbound to Boston and from Boston outbound to Fitchburg, stopping at the West Concord station, 100 yards down the tracks that run close behind Clarity’s offices.   
 
Eager for an afternoon stroll and a bite of something tasty from a store on the other side of the tracks, I ambled down the path from our offices toward the rail crossing at the train station, tracks to my immediate left, cell phone to my left ear, talking to a colleague, watching the commuter train from Boston coming toward me into the West Concord station.
 
As commuters poured from the rumbling and now motionless outbound train, I reached the rail crossing. Road and sidewalk barriers were down, stopping automobile and pedestrian traffic, but the train had stopped short of them to my right.  The coast was clear! My goodies awaited me, a mere 30 yards across the tracks.
 
Still engaged in my cell phone conversation, I turned left around the pedestrian barrier to cross the tracks and …. BOOP – BOOP – BOOP … a train horn from my left!! Startled, I snapped my head to my left,  and spotted the inbound train from Fitchburg three heart-beats away, rolling directly at me. My left foot was 3 feet from the tracks.

Weekly Sales Thought: Problem First

In which we emphasize the importance of articulating the value of a solution before we introduce the idea of the solution.    

One of my friends is a senior engineer for a computer company. His team makes VERY snappy gear. He once said to me: “When introducing a computer command, a computer language feature, or a piece of computer hardware to someone, we find the conversation goes better if we first describe the problem it was designed to solve.”
 
Sales translation: “When introducing our product or services to clients or prospects, conversations go better if we first describe the dollar or time magnitude of the problem we are trying to solve, and then describe the dollar or time benefit of our product or service, then describe the solution.”   So: Problem, benefit, solution.  PBS.

Weekly sales thought – Sales as Performance

In which we are reminded that people frequently make decisions, first, based on feelings, then based on facts.    

During a heated discussion recently, one of our colleagues growled, ”Facts don’t count.”  At the time, I thought, “What an IDIOT!  Of COURSE facts count. This is a BUSINESS we’re talking about.”   But… what if facts DON’T count as much any more? What would that mean for how we sell?
 
It’s what another friend refers to as “the Mary Kay” effect (as in Mary Kay cosmetics). Features and benefits are replaced by feelings and anecdotes.

Weekly sales thought – No Argument

In which we learn to set context with past – present – future questions  when a client or prospect asks for product information.

I was at a banking  industry trade show two weeks ago. In the exhibit room, a prospective customer approached a vendor booth. After smiles and handshakes,