When
Is a Close a Close? by Anne Miller
|
Riddle: Four
frogs are sitting on a log. Two decide to jump off. How many are
left on the log?
Answer: Four,
because deciding to do something is not the same as actually doing
it.
The same riddle
is applicable to everyone feeling good about a closing at the
end of a sales meeting -- it does not mean the deal is closed.
Closure happens only when the client agrees to do something, which
only then advances the sales process.
Research
shows that one of the top reasons salespeople don't close on a
deal is because they have not clearly thought out their "objective"
for the call and the desired, appropriate "action step"
they want the client to take at the end of the meeting (assuming
a successful visit/call). Instead, many reps simply go to "see"
advertisers. Then they wonder why a sales relationship isn't moving
forward!
In Practice
What's an
objective? An objective is a goal. For example, I want my client
"to understand the power of my site/service, to understand
the nature of his long-term online strategy."
Action steps
are specific actions your client agrees to take that indicate
you have achieved your objective. For example:
-
Scheduling
a second meeting
-
Signing
a contract
-
Adding
your site to a media list
-
Giving
you permission to say to a decision-maker you are seeing later
that the client endorses your site/service
Appropriate
Action Steps
If you've
just met the client for the first time to introduce your site/service
and to get a sense of the client's goals and challenges, the appropriate
next step might be for the client to entertain a specific proposal
at a second meeting. It might be the client agrees to a test.
However, it is not likely to be the client agrees to a $25 million
commitment.
Likewise,
if you have had several contacts with the client in person, on
the phone, and via email, the appropriate action step could very
well be that the client agrees to that $25 million commitment.
Test Yourself
What would
you say in the following scenarios to close the call? Assume the
conversation is winding down.
-
Your
client says, "Can we do a sponsorship?"
-
The discussion has covered many topics for more than an hour.
-
Your
advertiser seems undecided between giving you the business and
staying with his current media plan.
-
Your advertiser has just said, "This sounds great. I had
no idea you had this kind of reach and responsiveness!"
-
If
you simply said, "Yes," that would not have been a
close, because there is no client action step. Appropriate,
specific action steps could be, "If that is available,
do you want to book that?" or "Would you like to do
that?" Your client then has to commit or decline.
-
If you simply moved to the next step, "So, should I put
you down for X?" you might get a positive response. However,
given that the conversation has been wandering all over for
more than an hour, a more natural close would be to a) summarize;
b) get agreement from the advertiser; and then c) close. For
example, a) "We've covered a lot of ground here. Sounds
like you're interested in X, Y, and Z; b) Is that right?"
(Client: "Absolutely."); and c) "Great. Then
the next step would be for you to send us [X], and then we'll
have your ad up and running by Friday. OK?" (Client: "Let's
do it.")
-
One way to help a client decide in your favor and move forward
is to acknowledge the positives of staying with her current
media plan and then to enumerate the longer list of positives
for adding your site to the plan. Your delivery should be very
matter-of-fact. "On the one hand, you like X and Y with
your current plan. On the other hand, you said you liked A,
B, and C with our site. Right?" (Client: "Yes.")
"So, doesn't it make sense to add us to the plan?"
(Client: "That does make sense. OK, yes I will.")
-
If you simply said, "Great," then you didn't close.
You only affirmed her enthusiasm. When someone is obviously
positive about your site and your proposal, then you can be
direct or assumptive in closing. For example, "Great. Does
this mean you would like to advertise?" or "Great.
When do you want to begin?"
He Who Says
It, Owns It
The above
notwithstanding, here's a very powerful and respectful way to
close out a sales call. Ask your clients what they liked about
what you both discussed as it applies to their site. Expect some
silences as your clients reflect on the recent conversation. Typically,
advertisers will say they liked some number of features and benefits
of your site. Whatever they say, their remarks tell you how broadly
your message was communicated and accepted.
If they omit
what you think are key selling points, gently remind, or ask,
them about those. Often, they will agree or indicate that those
are not the most meaningful for them, which can lead to a deeper
discussion. When clients state the value of your site, they believe
what they say far more than what you say the value is for them.
It is then
very simple to say, "Great. Then, when would you like to
start?" or "Terrific. What's our next step?" If
they raise objections, that will be disappointing, but the good
news is that you are still there to deal with those last lingering
doubts, which, if you can neutralize them, allows you to move
the call forward to the next step.
Summary
A closing
step is not a trick. It is the natural outcome of a good client-centered
sales conversation. Remember, nothing happens until the client
agrees to do something.
About
The Author:
Anne Miller, sales and presentations consultant, is the author
of Metaphorically Selling.” She works with high profile
firms like The Blackstone Group, Yahoo! and Time, Inc. to help
them sell products and services worth millions of dollars of business.
Her free newsletter is available at www.annemiller.com
Contact: amiller@annemiller.com
212 876 1875
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How
to Create and Manage Large Accounts by Establishing Relationships
with Corporate Leaders by Sam Manfer |
Purpose, Focus,
Confidence, Credibility and Performance are the path to the executive
suite. Once there, sales come easily and continuously. You move
from vendor to preferred supplier.
The sad truth
is that most sales people believe they are high enough – especially
for technical sales. What is even more disconcerting is that 90%
of the sales people for any company don’t know how to get
to, talk with, and perform to the standards of senior executives.
If this seems unbelievable, ask any Sales VP or CEO how many senior
level relationships they have that can be leveraged for price advantage
and/or against competition. You’ll find it is very few.
Purpose
Top dollar sales
people know there is a real purpose for being positioned at the
top. Budgets are allocated there. Funds are released there - with
or without a budget. Any changes to operations, systems or procedures
are usually initiated there and are always approved there. Committees
bring their recommendations for vendor selections there for approval.
Always
ask yourself or your sales person, “What would happen to your
chances of being the preferred vendor if your competitor gets there
and makes a positive impact?” This should eliminate any doubt
about purpose.
Focus
Getting to the
top requires focus. If you set your sights there, you’ll figure
a way to get there. Caution: Do not ignore the people below on your
way to the top. They have to be covered, but realize the job is
not finished with subordinates.
Set your scope
upward towards senior managers. Target those with P/L responsibility
for the division, region, company, etc. where your products/services
are used. If you don’t, the ruling party will consider you
a commodity that can be substituted or replaced, instead of a valuable
resource to protect and use.
Confidence
Confidence is
the belief that you belong with these leaders. Unfortunately, the
lack of this self-assurance becomes our worst debilitator. The reason
for this is that we have been programmed from childhood to fear
authority figures. So we gravitate to lower, more comfortable levels
and convince ourselves that the decision is made there.
We were also
conditioned that selling is a negative profession. Who ever studied
to be a sales person? Remember your parents’ words, “Don’t
bother people. Don’t ask for favors. You’ll be annoying.
You’ll be indebted.” Consequently, we feel afraid of
what will happen, and ashamed (too proud or guilty) to ask for introductions,
information or even the order.
To destroy self-worth
further, there are past rejection experiences from meetings with
executives that went nowhere and rejection from subordinates saying
in so many words, “Your not important enough to go beyond
me.” All of this conditioning has left many sales people without
the confidence to charge ahead and make contacts and relationships.
The solution
to this overwhelming intimidation factor is to prepare for the meeting
and prepare yourself. Get help from your information / introduction
network. Rehearse what will be said and done in the meeting. Reprogram
your thinking that this working person with a title is no different
than you. Overcome any self-doubt by realizing you are feeling afraid
and fear is just negative projection. Pump yourself up to positively
project. Think, “This person wants to see me and our meeting
will be great for both of us. If not, it’s his/her loss –
not mine.”
Credibility
Credibility
is the door opener. If you’ve got it you can see this person
anytime. Credibility means the person respects you, trusts you and
believes you will deliver him/her results. Most sales people develop
credibility at lower levels. Establishing credibility at higher
corporate levels is far more difficult because access is limited
and what needs to be done and said is very different. Slip here
with boring, annoying or no-impact selling approaches and you’ll
ruin any chance of credibility, further access and a relationship.
The key to gaining
credibility is to use your Golden Network to transfer their credibility
with the higher level people to you. They need to refer you, introduce
you, and help you establish respect. Once you’re there, remember
that to keep this busy exec’s attention you must talk about
what’s important to him or her. If you don’t know, lead
with questions to learn how this person thinks and acts. Keep in
mind that senior level people love to talk about themselves and
their problems. Once they realize you understand them, they may
then listen to how you can help.
Performance
Finally, performance
provides the real basis for attaining access, developing credibility
and establishing relationships with senior executives. However,
your performance at this level will be judged on what it does for
the individual executive. It is now personal. Not only must the
company benefit, but the executive must believe his/her career has
been enhanced or protected by doing business with you.
Learn what the
chief values and structure your proposition in a way that shows
that she/he can get it better and with less risk of failure from
you. Then deliver it. Measure the results by his or her standards
and be sure the executive is satisfied. If so, that’s great.
Ask for more business. If not, set a course to bring the results
to where they need to be.
Conclusion
Working your
existing accounts for more sales is so much easier than new sales
to new customers. However, it requires getting positioned. This
takes skills and a sensitivity that most people have never learned.
Purpose, focus, confidence, credibility and performance are the
route to the top. Learn how to implement them and never stop climbing
until they offer you your own office in their C-Suite.
About
The Author:
Sam Manfer is an entertaining key note speaker and delivers in-depth
sales seminars for those anxious to increase sales. Sam makes it
easy for any sales person to feel comfortable connecting with C-Level
leaders. For more inspiring articles and to receive your free Selling
Wisdoms E-zine with powerful selling tips visit his Advanced
Sales Training Website. His books, CDs and manuals explain how
to ask and what to ask that will get you right to where you want
to be.
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Five
Ways to Start a Slow Month Fast! by Dave Anderson
|
"Slow" is in your head. It is more state-of-mind than
it is reality. Typically "slow" months hold great opportunities
for those with a plan to make things happen while others are content
to wait to see what happens. Consider which of the following "fast
start" strategies will best add value to your career and resolve
to implement them now!
1. Finish
the current month with a flurry . One key to starting next
month fast is to gather momentum as you finish this month. You must
also plant seeds so that when next month begins, you are not starting
it from scratch. An effective strategy for accomplishing this is
to initiate a phone blitz to achieve the following:
A).
Close all working deals. Offer an end of the month, "desire
for gain/fear of loss" reason for buying now! Both desire for
gain and fear of loss are terrific motivations to buy. When you
can use both techniques in a single closing phrase
you compound your chances of creating the urgency necessary to make
the sale:
B).
Contact your customer base to thank them for their business and
ask for referrals.
Bring closure
to the clients who have lined your pockets with profits. While you're
at it, offer your services to their friends/associates who might
have mentioned needing what you sell in the future.
C ).
Call all "dead" deals that you've had the past quarter
and may have given up on. The chances are that some of
these clients never bought anything and may now be ready to move
forward with the purchase. If time permits, you can also contact
those who failed to buy from you prior to the past quarter.
2. Set
activity goals for each day and results goals for each week.
Activity goals
are actions you take that will lead to a sale, whereas results goals
are the sale! Remember a key sales tenet for success: The right
activities, consistently executed, will bring forth the desired
results.
Activity
goals may include but are not limited to:
- A specific
number of appointments.
- A specific
number of phone calls to your customer base as outlined in the
prior point.
- A specific
number of calls to all working deals as outlined in the prior
point.
- A specific
number of calls to all "dead" deals as outlined in the
prior point.
Mailers
or email blasts offering month-end reasons to buy.
By putting activities in motion to finish your current month strong,
you inevitably build momentum and create carryover business that
gets the next month off to a faster start. Whereas if you finish
the current month with a dried up pipeline of prospects, it could
take half of the next month to get sales traction moving in your
favor.
3. Institute
Phase II of your phone blitz after the first-of-the-month.
If incentives
and inventories allow, initiate a second phone blitz and/or mail
blitz after the first-of-the-month to offer the good news to prospects
that the incentive has been extended for a limited time; that new
inventory has arrived and the like. Focus your efforts on building
one final dose of urgency to start the new month fast!
4. "Camp
out" in the service drive for early morning prospects.
Obviously, this strategy is primarily effective for the thousands
of Insiders reading this article who are in the automotive retail
business. Depending upon your industry, you may be able to devise
your own version of this strategy to help build your sales count
without having to passively sit back and hope that something happens.
While working
the service drive will consistently produce great results, there
are two times in particular when the fruit there is more plentiful:
end-of-year and during the summer. This is when people are more
mentally ready and open to giving up the old and moving into something
new. To maximize your opportunities, have a card made up that says
something to this effect:
"Because
of sales incentives and factory pressures to reduce inventory, NOW
is the best time of the year to trade in your old vehicle and get
a great deal on a new car/truck or van. If you'd like to learn more
about our current purchase incentives and special trade-in allowances,
please contact your salesperson at this dealership. If, for any
reason, you are not already working with a sales professional here,
it will be my pleasure to serve you."
This type of
card plants an effective seed into your prospect's mind as it gives
them a reason to purchase NOW. It also protects the other salespeople
in the dealership as you direct the customer to their representative.
There is a very good chance that the prospect no longer has a salesperson
at the dealership; that he never had one there as a result of buying
his vehicle elsewhere, or that he doesn't like the person he dealt
with previously and will opt to do business with you.
5. Double
your focus and efforts to work with urgency and effectiveness during
the 10/20 window of the month.
While the first
days of the month often have a buzz activity that carries over from
the prior month, and the final ten days of the month naturally increase
in intensity, your 10-20 window are often the key to having consistently
great months. During this time, the natural instinct of salespeople
is often to coast and wait for the momentum to turn back up for
month-end. By consciously re-doubling your efforts to work the phones;
re-contact your customer base; camp out in the service drive and
the like, you can pick up additional sales that you would ordinarily
miss due to complacency.
About
The Author:
Peak performance author, columnist, trainer, speaker and radio show
host for sales, management and leadership, Dave Anderson walks the
talk as a leader. He has led some of the most successful retail
automotive dealership in the country—the most recent dealer
group he led had over $300,000,000 in annual sales—and now
gives 150 presentations, workshops and speeches annually on sales
and leadership development around the globe.
Dave is author
of over 50 training programs on sales, management and leadership
including the books, Selling Above The Crowd: 365 Strategies For
Sales Excellence and No Nonsense Leadership: Real World Strategies
To Maximize Personal & Corporate Potential. Dave authors a monthly
leadership column for Dealer magazine, publishes a monthly leadership
newsletter and hosts the weekly radio talk show, Dave Anderson’s
Learn To Lead Hour. His books, cassettes, videos, newsletter, column,
web articles and live presentations pull no punches and provide
real world strategies for peak performance in business and in life.
Dave is a member
of the National Speaker's Association and is a featured speaker
at conventions worldwide.
Dave is president
of the Dave Anderson's Learn To Lead and LearnToLead.com, a cutting
edge web site providing hundreds of free training resources to thousands
of subscribers in over 30 countries.
Contact
Information:
The Dave Anderson Corporation
P.O. Box 1119
Los Altos CA 94024
Phone: 800-519-8224
www.learntolead.com
dave@learntolead.com
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Advance
The Sale - How to Sell More in Less Time by Jim Domanski
|
There are only
4 outcomes to any sales situation: a sale, no sale, a continuance
and an advance.
The first two
outcomes are easy to comprehend. But the line between continuance
and advance is the line between mediocre reps and immensely successful
reps. If you’re interested in reducing the sales cycle, working
on better qualified leads and generating more sales, pay attention.
The
Continuance
Unfortunately,
the vast majority of reps are superb at “continuing”
a sale. A continuance is where it appears that the sale cycle is
being closed but in reality, it is only being extended. This is
sometimes a tough concept for reps to understand.
Here are some examples to illustrate what I mean:
- I’ll
send you some product brochures in the mail
- I will
give you a call sometime next week to discuss the proposal
- Give
the sample a try and we’ll review it latter on
- I’ll
fax you the material and we’ll go over it
- Let’s
meet sometime next month and we’ll assess your need then
On the surface,
these statements would suggest that the sale is moving forward.
Not so. Did you notice the two common denominators?
- There is
no firm commitment on behalf of the prospect or customer to take
specific action.
- There is
no firm follow up date.
Some sales will,
of course, occur but if you are interested in getting more sales
in less time, and if you would like to disqualify those clients
who are not actually interested in your product or service, then
you must learn to “advance” the sale.
The
Advance
The advance
differs from a continuance in that it gets the client to take a
specific action within a given timeframe.
Here’s
how the above examples would look/sound like with an advance:
- I’ll
send you a product brochure on Nite-White in the mail and what
I would like to recommend is that we review these together next
Thursday. How does 10:15 look to you?
- I’ll
give you a call next week to discuss the MEA proposal. Suppose
we schedule Wednesday at 2:20?
- I’ll
be glad to provide you with an Atrium sample. Specifically when
will you use it? What is the criteria for evaluation? What I would
like to recommend is that we set up an appointment for Friday,
at 8:30 a.m. to review your evaluation. How does that sound?
- I’ll
fax over the material right now. Can you review them so that we
go over documents together in about 45 minutes?
- Let’s
set up an appointment for next month, say the 15th, at 2:45. At
that time we can reassess your situation. Is that date okay with
you?
Do you see the
difference?
Each example
suggests a specific action that must or should be taken by the client.
This creates active participation from the client which moves the
sale further through the cycle. Next, each example has a specific
time frame for the accomplishment of the action which creates commitment.
This is a powerful one-two sales punch.
If…
If the client
will NOT commit to any action or follow up, it suggests that perhaps
their interest is not particularly strong at this point in time.
If the client
will NOT commit to the action, then withdraw the advance. For example,
“Ms.
Finn, I get the impression that perhaps now is not the best time
to send the literature. If it is not possible to set up a review
date, perhaps it would be best if we waited and I call you at
a later date.”
It takes guts
to do this but what it really does is allow you focus only on genuine
sales opportunities. You don’t waste time “watering
dead plants.”
This is an extremely
powerful technique. Use it and advance the sale!
About
The Author:
Since 1991, Jim Domanski is the President of Teleconcepts Consulting
Inc. and works with companies and individuals who are frustrated
with the results they have been getting when using the telephone
to generate leads and sales. For more information visit: www.teleconceptsconsulting.com
or call 613 591 1998.
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