Tag Archive: sales

Major Customer Shakedowns

by Peter McCann of McCann Corporate Consulting Associates (“MCCA”)

MCCA has seen a small, emerging phenomenon of cases that resemble customer shakedowns. MCCA has seen millions of dollars at risk.  The following description is heavily disguised but the essential points are clear. This article is not specific advice for specific situations. Consult your professional advisers.

Major Company
Major Company’s head office is in a gleaming 12-storey building shimmering on an oasis of manicured suburban lawns.  Recently, Major’s Internal Audit Group reviewed the Purchasing Department’s documentation on office supplies, and concluded that the 10-year old agreement between Major and Purple-Blue Office Supplies provided for a 10% volume discount and that the discount had not been given for at least 8 years. Therefore, Internal Audit reported that there had been overcharging of 10% on $300,000 average annual purchases for at least 8 years -  $400,000 (including interest).

Sales Thought – It Isn’t Only About the Money

by Nick Miller of Clarity Advantage

In which we are reminded that our clients make decisions to change based on a broader set of factors than cost savings and that, sometimes, cost savings isn’t even first on the list.

I answered the ringing phone at 5:15 pm. Every sales rep’s dream, right? Get to the senior executive after 5:00, when the gatekeeper is gone? The sales rep at the other end of the line, Jamie, sounded a little startled to hear my voice.

Jamie: “Mr. Miller?”

Me: “Yes.”

Jamie: “Um…er… This is Jamie Enders at Vital Communications. I’ve been speaking with your assistant, Carla.”

Me: “Yes, I’m aware of your conversations.”

Jamie: “Oh, good. Well, I’d like to come in to meet with you for 20 minutes to show you how we can save you money on your phone bill.” [This meant: "I haven't been able to convince Carla and I'm hoping I can persuade you."]

Sales Thought – Selling the Strengths

by Nick Miller of Clarity Advantage

In which we are reminded to sell the strengths we have rather than those we wish for.

On Saturday, I invested a day with my family and a few friends to join fellow citizens for some tornado relief. We drove west to a pretty Massachusetts town, a portion of which hard- hit by the early June tornados. We became “Team 5,” assigned to assist a homeowner clear her property.

If you looked at the overhead map of her street, you would see trees… acres of trees… so thick that no perennial flowers would grow.  Her house sits close to the top of a hill on a street that the tornado apparently liked, for it crossed the Connecticut river and, moved straight up her street and over her hill.

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 – No Bonehead Mistakes

by Nick Miller of Clarity Advantage

In which we are reminded that even small mistakes can fatally undermine our credibility and effectiveness with prospects.  

So… I bought a new pair of shoes from an on-line provider.  Not your basic New England conservative black or ox blood penny loafer, mind you. No! Shoes with MUCH more style and swing to them – enough that my very socially-aware son commented, “Nice shoes.” Life doesn’t get much better than that. Really stepping out.

And, being the care-taker that I am, I wanted to know how to maintain and care for the shoes, The leather is a little different from what I’m used to. So, I went to the manufacturer’s web site, found the “contact us” page, wrote my questions, and sent the message to the company.  A big company, I might add, a very well known, been-around-a-long-time shoe company.

About 5 minutes after I sent the email, I received an email from the company, in return. “Ah,” I guessed, delighted, “a confirmation email” which read, when I opened it…

Thank you for your inquiry.

Sales Thought – Head Voices

by Nick Miller of Clarity Advantage

In which we are reminded to focus on our clients’ voices to silence the voices in our heads.

There was a summer night, years ago, when I returned to Woods Hole, Massachusetts on the evening’s  last ferry from Martha’s Vineyard. While I was staying with friends in Woods Hole, I had been out on the Vineyard for the day, enjoying the beach and reading Stephen King’s book, ‘Salem’s Lot, a story about a pretty Maine country town…overtaken by vampires. Hiding. In the dark. And people being snatched away. And dying. You know,  a little light summer beach reading a year after reading Jaws.

Docked in Woods Hole, pre-occupied with the story, I walked silently off the ferry with other day-trippers and boarded the parking shuttle bus. A mile up Woods Hole Road, the driver let me out at the end FR Lilly Road, a 400 meter straight shot into the moonless Cape night,  framed by overhanging trees and vines leading toward my friends’ cottage.

Sales Thought – Pathways Overlooked

by Nick Miller of Clarity Advantage

In which we are reminded that bringing cookies(or some attention)  to the receptionist may not be a waste of time after all.

My long-time family attorney, Al, retired from his practice about two years ago. He left with characteristically little fanfare, sending me and his other clients a letter indicating that he was retiring and selling his practice, and that he would be happy to pass my files to attorney X to whom he had sold his practice.

The two years following my receipt of his letter passed quickly. My needs during that period have been simple, our wills and other estate plan elements have been fine for the moment. I met with Attorney X and was not too thrilled with him.

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.

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.

Canadian Accounting Services Prices, 2009

Statistics Canada today released the 2009 Accounting Services Price Indexes for Canada as a whole. We have been tracking these indexes for Ontario, but these, along with other regional figures, are no longer available due to a redistribution of wealth within the Federal Government.

Here are the indexes for Canada graphed from their inception: