Tag Archive: proposal

Sales Thought – Home Ice

by Nick Miller of Clarity Advantage

In which we are reminded that, to win in a competitive situation, we need to build our fan base inside our prospects’ organizations well before we make our move to sell.

The Boston Bruins (National Hockey League defending Stanley Cup champions this year) began their training camp last Friday.  The seventh (final) game of their 2011 Stanley Cup series against the Vancouver Canucks was electrifying hockey, whether one was rooting Bruins or Canucks, and Boston’s win at the end was a surprise because… .through the first six games, each team had won on its home ice,  the seventh was game was played in Vancouver, and, in the National Hockey League, home teams win 59% of the time. Home ice advantage.  Fifty-nine percent!

Shocked?  Well hang on. If you’re a National Basketball Association fan, home teams win 62.7% of the time.  Almost TWO THIRDS of the games are won by home teams.  Home court advantage. And it’s about the same in the WNBA as well. Amazing, eh?

Sales Thought – Matted Down

by Nick Miller of Clarity Advantage

In which we are reminded to follow our “broad” questions with very specific questions that tease out the detailed facts we need to propose value-based solutions.

With apologies to y’all in Texas and other states who haven’t had rain or grass for a couple of years:

I mowed our  lawn on Saturday. Beautiful day for mowing, just a little bit of cool fall air with brilliant September sunshine.   Thanks to recent rains and the fall dose of lime and fertilizer, our lawn is thickly green, punctuated with early fall leaves.

One small hitch in the giddy-up.  The ride-on lawn mower we use for grass and leaves at this time of year features wide front and rear tires that matt down the grass so that the mower blades ride over the matted grass which can get pretty long, even when we’re mowing weekly. So, after we mow, we rake portions of the grass, teasing up the matted down long bits so that we can clip them with hand-clippers or mow them with the standard rotary mower.

Sales Thought – Totally Concrete

by Nick Miller of Clarity Advantage

In which we are reminded to clarify terms we don’t understand before presenting ideas.

One person’s golf is another person’s word play – meaning, I love a good pun as much as my golfing friends love a good drive or putt.  I love rough puns a lot more than my friends enjoy hitting balls into the tall grass.

Anyhoo, a couple of weeks ago, during the “warming up” stage of a conference call, a few of us on the line began fooling around with puns and plays on words we remembered hearing from our elementary school children.

One of the group offered:

Two fish swim into a concrete wall. The one turns to the other and says, “Dam!”

The folks on the line guffawed appropriately.

Another offered:

Sales Thought – Old Habits

by Nick Miller of Clarity Advantage

In which we are encouraged to ask others to help us identify and correct old habits that hold us back.

From the “I can’t believe I’m going to tell you this story and you probably won’t either and there won’t be many secrets left after I tell you this one” department: for several decades, I have had a problem eating. Actually, I haven’t had a problem “eating,” as in chewing, swallowing, and enjoying the multiple benefits of a balanced diet. I had a problem getting food into my mouth reliably. (I can see my spouse and children rolling their eyes now.)

Sales Thought – The Quality of the Question

by Nick Miller of Clarity Advantage

In which we are reminded that the value we create in our sales conversations is proportional to the quality of the questions we ask and whose interests we are attempting to serve by asking them.

This is a story about a sales call. A  very experienced, productive (among the top 25% of his sales force) commercial banker took me on a call to one of his customers.  Since rates are low and many banks are urgently seeking to lend money, the lender wanted to refinance the company’s building which, today, is financed by another bank.  The objective of the call was to gain the company’s agreement to consider a proposal for refinancing the building.

The lender opened the call by indicating he wanted to discuss refinancing the building,  then worked through a series of “fact” questions (how much is outstanding on the existing loan, when is the maturity date of the current loan, how big is the balloon payment at the end, what’s your current interest rate, who’s your attorney, when  do you want to close), then led the conversation as follows:

Sales Thought – A Little Excitement

by Nick Miller of Clarity Advantage

In which we are reminded that we need to market (attract attention) before we can sell.

Last Saturday morning, after early morning dark clouds and rain, I left my office in West Concord village to tackle Saturday morning errands. Turning left from my office drive way, I  reached the first intersection, stopped to look both ways for traffic, and noticed…

People on the sidewalks, both sides of the main street, huddled around tables, kibbitzing in clumps, as far as the eye could see. “Huh,” I thought, feeling curious. “I wonder what THAT’S about….”

Sales Thought – Stir ‘Em Up

by Nick Miller of Clarity Advantage

From the “Unreferred Approaches to Prospects” Department: We are reminded that we can’t pitch our benefits to prospects unless we first get their attention.

Pitching benefits to prospects is a complete waste of time

I was at the office pretty late Friday night. Tooled into the house around midnight. Why? Email. LOTS of email…combined with “Nick’s Rule of Roughly 20” which goes something like, “You can’t leave the office Friday night until there are roughly 20 or fewer emails in your email box.”) Needless to say, Friday night is NOT a big date night for me.

However, on many Friday nights, I am delighted because my email box has filled with cold-approach prospecting emails. And I read all of them.

And, do you know what I’ve learned? Pitching benefits in those cold approach emails is a complete waste of time… IF… the email senders want me to pay attention to their messages. Their benefits and whoop-dee-doo roll into an indistinguishable drone:

  • Decreased X  by over 10% in the first 3 months of engagement
  • Increased Y  by 23% in 5 months
  • 30% – 40% decrease in Z  year over year

True, but completely predictable and, therefor, booooooooooring. Will not get prospects’ attention.

What to do differently?

Sales Thought – Can’t Get There from Here

by Nick Miller of Clarity Advantage

In which we are reminded that a certain amount of flexibility in sales conversations is helpful, even if it ain’t what we expected.

“Who knows how to get to the airport from here?” asked our client 

We had finished our meeting a little early and walked slowly from the office tower to the parking lot, a distance of several blocks, enjoying a softly warm early Spring day – our client, one of my colleagues, and me.

We eased into the rental car, me in the back, client (driving) and colleague in the front. 

 Neither I nor my colleague knew the way to the airport so our client pulled out her GPS device and programmed it. I did the same with mine in the back seat, saying something like, “Oh, I’m happy to do this so you have your hands free to drive, here we go.”  

She finished her programming a little before I did and her GPS voice instructed us to “continue on” for two blocks and turn right. Mine, on the other hand, suggested a left turn.

Sales Thought – It’s A Trap

by Nick Miller of Clarity Advantage

In which we are reminded that 1 pound of discovery is worth 10 pounds of recovery if we make assumptions and present solutions too early.

At least in the movies, somebody would have called out to me, “Nick!!! Stop!  It’s a trap!”

I received a call from a prospective client with whom I had been communicating, on and off, for several years. I had met him a couple of times, face to face. The conversations were… a little awkward. Something about control… physical positioning in the room… couldn’t quite put my finger on it… never felt they were good calls… felt imbalanced. 

So, anyway, I was sitting at my desk one day and the phone rang. I answered and, to make a long story short, he said: “we have been using another vendor for several years. We are looking for something new to help us reach the next level of selling and I don’t think the existing vendor can help us get there. Do you have anything that could help us?”

Barely able to contain my delight after asking a few questions about the situation, I replied,

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.

Ontario Releases Temporary Solvency Funding Relief Details for Pension Plans in Broader Public Sector

The Ontario Minister of Finance announced in the 2010 Budget that the government was considering providing additional temporary solvency funding relief for public sector and broader public sector pension plans. Further details were provided through separate announcements on August 5, 2010 and August 24, 2010. On February 10, 2011, the government released a description of the proposed regulation and said that comments on the proposals were due by March 28, 2011. It is not clear that draft regulations with respect to the proposals will be published for comment. Accordingly, comments should be made on the proposal by the March 28, 2011 deadline. The new regulations are expected to come into effect mid-May 2011.

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.