September 19, 2007
In This Issue:

Articles:

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This Week - Mindshare Marketing and Selling: How to Build, Nurture and Grow Customer and Prospect Relationships - Are you struggling to get existing clients to buy more? Are you frustrated with the length of time it takes to convert a prospect to a sale? If so, you’re not alone. Learn:

  • How to differentiate in a highly competitive market
  • The 68% Factor: why MOST of your customers leave
  • Why over 85% of leads fail to turn into sales
  • The 4 Steps to building “mindshare”
  • The 2 Resource Libraries you MUST have to give yourself a competitive edge
  • How to effectively use e-mail, fax and direct mail to create REAL value
  • The 4 things to do AFTER you lose a sale … and win it back
  • How to create and implement the perfect follow up call
  • And much, much more . . .

Can't make the seminar? Pre-order the cd for $6 off the original cd price. Click here for details.

 

"Manager's Minute" Tip

(Article Archive)

How To Connect When Employees Feel Disconnected
by Paul Cherry

A picture’s worth a thousand words, but managers need well-chosen words at the right time to keep employees in the picture. Let’s say a conglomerate recently bought out your company. Everyone in your department knows their days could be numbered. Each morning, there’s another rumor about who’ll be laid off next. Your department spends so much time speculating about the future that you’re barely getting any work done. As the merger moves forward, nobody gives you and your colleagues any information about the future. Are you still at the top of the company food chain, or a guppy about to become a whale’s lunch?

It’s frustrating to be in an uncomfortable situation because your boss isn’t providing the communication you crave. When you’re out of the loop, you feel incompetent, unimportant, and uncertain of your place in the company. Many managers don’t grasp this, copping the attitude that they’ll give employees information on a “need to know basis.” All they’re doing is curdling employee motivation into withering morale as gossip, rumors, and festering resentment run wild. Good communication is essential to motivating your employees, improving their attitudes, making them feel like part of the team, and giving them up-to-date information that makes their jobs easier.

Use these questions to determine whether or not your communication system does what you need it to do, and if not, how to fix it:

  • “What are some ways we can make sure everyone here is on the same page?”
  • “In what ways do you feel your ideas are given serious consideration? How can we improve in this area?”
  • “What is the best way to communicate with you?”
  • “What should I be doing to ensure you’re achieving your goals?”
  • “Right now, a daily e-mail goes out to all our employees, along with a monthly newsletter. How effective do you feel those systems are at keeping you updated on company news?”
  • “How do you feel that the information and resources we’re providing are helping you to be effective in your position?”
  • “I’d like to get your input. What do you think of this idea?”
  • “We’re over budget. What do you think we should do?”

A TALE OF 2 MANAGEMENTS

As managers, sometimes we unwittingly just give lip service to the importance of communication, instead of truly acting on it. A few managers don’t take it seriously until bad communication wreaks its havoc.

I worked with two companies with vastly different communication styles. Telco looked like it was going to have a great year, having landed a huge national client in a deal worth $6 million yearly, spreading revenue throughout their company’s offices. Like its competitor Sky Tech, Telco had sales quotas for each regional office. This new deal put all the regional offices on the books as above quota, though in reality, the regional sales managers hadn’t been part of the negotiations. The Telco executives didn’t want to give their regional sales managers the requisite bonuses because it was actually just a lucky windfall. Without consulting their salespeople, Telco’s executives decided to raise their regional sales quotas in the middle of the fiscal year, breaking the news in a memo on Friday afternoon of the Memorial Day weekend. The company thought — well, hoped — the irate sales managers would cool off by Tuesday.

Meanwhile, Sky Tech was in trouble: it lost its biggest client, and a losing year seemed sure to follow. When Sky Tech’s president called me for advice, I suggested she call a meeting with her regional sales managers, confide in them about the problem, and ask for their advice. I knew she had sharp staffers, and I was sure they’d come up with a workable plan to hit these new targets.

At the end of the year, who do you think hit their sales targets? Not Telco, even though they’d landed a $6 million client. After that Friday afternoon memo, Telco had a swarm of angry sales managers on their hands. Company morale plummeted. Despite the new budget, sales were off for the next three quarters. Several of Telco’s regional managers lost momentum or left the company, and those who stayed felt betrayed. On the other hand, Sky Tech ended up with a good year, and an even better year after that. Their sales managers rallied behind the company, brainstormed innovative sales campaigns and saved the company from the brink of disaster.

How’s that for an object lesson in the importance of communication? Companies that include their employees in their communications triumph. Companies that keep employees in the dark do so at their peril. A great manager is a great communicator, and great communications lead to great employee performance.

About The Author:
Paul Cherry is President of the Philadelphia-based sales and leadership firm Performance Based Results and the author of QUESTIONS THAT SELL, published by AMACOM Books. Paul can be reached at 302-478-4443 or e-mailed at cherry@pbresults.com. When you subscribe to our quarterly newsletter at http://www.pbresults.com, download our free white paper, “117 Top Questions That Sell,” based on PBR's latest research on what salespeople need to ask in order to up-sell, cross-sell and win more customers!


Contact Information:
Paul Cherry
President
Performance Based Results
3622 Silverside Road
Wilmington, DE 19810
302-478-4443
cherry@pbresults.com
www.pbresults.com

(Article Archive)

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