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Sales Velocity 101 for the WIN.

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In the non-capital industrial sales business (sales with a unit value under $25,000.00), speed counts.

In fact, very often the supplier with the fastest response to both an inquiry and the ability to accurately quote & deliver will get the sale.

Here’s Why:

This may not be a budget or cost management process, but it may be a “Do You Have…” process.

Here is a key to understanding this. If the customer starts with this question, “Do You have _______ In Stock?” Something has happened on his or her end that has moved their need into a near urgent or potentially urgent state.

Understand that the customer does not want to appear to be in need of what you are selling because they do no want to be taken advantage of.  However, if they did not NEED IT NOW, they would not have asked whether you had it in stock.

So, with this understanding of your customers need now uncovered, you have the opportunity to become the hero to your customer.  Just with a few simple words.  “Yes, we do have that in stock”, or “Yes when would you like it delivered?” and the sales is in motion.

The next step is simply to close the sale and fill the order.  This is done by capturing the customers contact info and forwarding them the quote to be signed off on as quickly as possible.

If you are going to win, you will need to have to have a high-speed quoting system. It could simply be a form to fill out and fax. Or a spread sheet  in which to enter data into and fax/email. It could even be a server or cloud based quoting system.  (I personally love the cloud based quoting program www.socketapp.com) Whatever your method, it is important to get the order confirmation delivered within 5 minutes or less to avoid competitors to quote ahead of you and win the sale.

Following sending the quote to the customer, is important to now use a soft touch.  Do not push the order process too forcibly. You will need to assure them the product will launch upon order confirmation and that you will be ready to act with the speed that they require.

In no time, you will get the order confirmation back or a request to process the payment.  If they are on account, get that order in motion.  If they do not have account, run their credit card and get that order in motion.

Be sure to let your customer know all the way along the sales process that you are being proactive in filling their order and never use language, vocal tone or body language that gives them the idea that you have them over the barrel.

If it appears that you are taking advantage of the customers need for your product or service, the sale will be on one-time deal.  They likely will not become a repeat customer.

On the flip side.  If you treat your customer with respect, understanding, precision and solid communication, you will be respected as the supplier who got them out of a jam. Your positive actions will earn you respect, trust and referrals.   Your attention to their needs and the promptness of your actions will also earn you the ability to sell at full price.

After all, the value is in what the item they just bought will do for them! It is not in what it cost them nor what it is. Those are just the minor details.

Change your value, change your world.

To learn how to apply this strategy to your business, click to get in touch.

And Now For The Last 25

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Have you heard this saying; 25 years to learn, 25 years to live and 25 years to leave a legacy?

I think it’s a Stephen Covey line and I first hear it in the mid 90’s way back when I was in that second period, 25 years to live. At that time I never gave this saying (or what it meant) much thought or consideration, I was too caught up in the moment to worry about the future, self-actualization or even consider what my legacy might or would be.

How times have changed. The closer I got to 50 the more I realized that “I do not know, what I do not know”, and that while I may not be stupid, I sure was ignorant. I realized that to just keep going, let alone get ahead I needed a lot more EQ (Emotional Quotient) and not more IQ (Intellectual Quotient). In the most straight forward of descriptions I needed to learn and understand a lot more about the “WHY” people do things (or not) and stop worrying about the “HOW” things should, could or would work.

As a person not yet ready to rest on past accomplishments I refocused myself on further education, and while helpful it did not really fill the EQ need, in fact, if anything it reinforced how much I did in fact need to get on with developing a much stronger EQ.

Out of that educational process one piece of truly missing personal development became clear, I had no mentor, no confidant, no voice of sober second thought, no wise man/woman who would tell me what they really thought without anything to gain, fear of reprisal, or politics. Someone who would deliver the straight goods, and tell it like it is.

I took up the challenge of finding a well suited mentor, which as it turns out is a lot harder to do than one might think. Like all good things hard work and relentless effort is required to truly arrive at a meaningful accomplishment. However no matter how hard I worked at this, my mentor remained hidden from me, desired, but not found.

Then one day I was in a coffee shop having a detailed, and passionate discussion with a colleague regarding the merits of several different business books, and as we were leaving a gentleman, well my senior but who I had met once a few years ago stopped me and said quite directly “I would like to talk with you about those same books”. The rest as they say is history, I found my mentor, not just in business but in life.

I am now 53 and he is 68, he is semi-retired, and the past president of a local college and I am getting ready to put in the best 10 years of my working life. We talk about everything and from all possible angles, we talk mostly business but not so much the numbers and more about the important stuff (the “WHY”) leadership, role modeling, decision-making, decision impact, helping people grow, and unlocking opportunities for others, we examine life in terms of our shared Christian faith and from time to time about health (both), motorcycles (him), gardening (me), and the very essence of the mentor/mentored relationship itself. We ensure that we meet with a purpose and that out actions going forward are both purposeful and accountable.

I have gained immense value from this relationship, and I am in great debt to my mentor for all the grace, insight and advice he has given me. I do however have one major regret in all this and that is simply that I should have started this 25 years sooner.

Today, looking back at my career if I had a mentor of similar quality back then, today I know I would have worked less, accomplished more and would have done it leaving a better legacy in place.

So what does today look like, well I get together with my mentor for a breakfast every two weeks (when he is town) but I have also taken up the challenge of being a mentor, in fact there are three and sometimes four people I am mentoring in one way or another at any given time. Some once a month others every two weeks.

We are building truly great relationships, based on trust, confidentiality and full on, anything goes dialog and debate. The rewards of doing this are huge, for me not just for them. I come alive preparing for and being in these meetings, I take the role seriously and in turn I am taken seriously. I am almost four years into my 25 years of “leaving a legacy” but enjoying every moment of it.

So now the big question…

Do you have a mentor, if yes, excellent. If no then get one, you will not regret it.

Are you a mentor, if yes, excellent. If no then you should consider, seriously consider becoming one.

Pull up beside that young crew and the plant, in the office or on the job site, share a coffee and just start a relationship.  Talk about things that matter universally, talk about life, listen and consider thoughtfully and come back a few days later and say “I was thinking about what you said, have you ever considered…” guess what, you just started down the mentoring path.

It can be that informal or very formal with action plans, check boxes and strategic thinking, anyway it works, it’s a good thing. Bottom line is that IQ will only get you halfway.

EQ will get the other half and the school of EQ, it is best found at the feet of a mentor.

Raising Employee Engagement Brings A 9% Increase In Operating Profits

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Great but how do I make that happen? You start by shifting employee attitudes and to be more specific your attitude which is far and away the biggest single item that will determine your ability to get along with others, define what plans you will make and how you will execute those plans. The results of engineering this shift is well researched, for every 1% improvement in employee engagement you can see up to a 9% improvement in operating profit[1] .

Thankfully building a great attitude is a skill set than can be learnt and developed, allowing you to get significantly more out of life and business. Your positive attitude, or lack of, is what attracts or repels the people you come into contact with, and nowhere is this truer than in sales and customer service. We have all encountered the condescending, rude and/or fully disengaged sales person, these are examples of the negative engagement we encounter every day and unfortunately, too often found in our own businesses.

To take your engagement and your business to the next level you need to know three things:

1. That a positive attitude is the result of deciding to have one;

2. It will only work for you in direct proportion to the effort (learning, training, practicing and consistent application) you put into it;

3. That attitude, both good and bad is highly contagious. As such when you develop and role model a positive and engaged attitude you lead others towards the same.

Do you have a positive attitude (most like to think they do, but, in fact do not)? Most do not understand that their lack of positive attitude and disengagement is keeping them from their own goal achievements.

Crafting a progressive attitude, and resetting your goals based on it will raise yours and others engagement levels and excel you towards the accomplishments you are hoping for.

Thanks for reading,
Gerry L. Wiebe, Founder | President

[1] Sources: Gallop, US Bureau of Labor Statistics, IES & Towers Watson.

Is A Coffee Card Networking’s Secret Weapon?

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In the last three weeks our company has secured three major new clients.

What’s unique is that each of these clients was referred to our company by a past or current client and our cost to land each one was just a cup of coffee.

How networking skills and a Coffee Card can be the secret weapons of business development and sales success:

Meeting for a coffee is a simple method of establishing a friendly meeting place and controlling costs.

Here is what you should be doing:

1. Go out of your way to meet people, network purposefully and ask them what they do;

2. If what they do is connected to what you (or anyone you know) might need, swap business cards and tell them to expect a coffee invitation;

3. Go for coffee (somewhere convenient to them in terms of both time and place), pay with your coffee card and start asking purposeful questions that take time and detail to answer. Speak very little and listen a whole lot;

4. During your meeting ask the question, “what is your perfect customer and how would you best like to deliver your product or service“;

5. Use your speaking time to describe what your perfect customer is and how best you deliver your product or service to them;

6. After 20 – 30 minutes have passed, coffee is over, and back to work you go. Your total time including driving was no more than 45 minutes and out-of-pocket costs are only about $5 – $7.

Now keep doing this, once a day with intent. Two times a day if you can. You’ll soon build up a network, not just of business cards but a working knowledge of what each and every contact does; and likewise they will know what you do.

Now Here Comes the Magic

When what someone does lines up with the needs of your network, you set up a coffee meeting with you and both parties. Again you buy coffee, you make introductions, confirm the connection, and give them both your best regards before leaving.

You have now provided unprecedented value. You have taken the risk of validating the supplier, and you have introduced a qualified buyer to the supplier.

In this process, aside from gaining a reputation as the value provider, it’s just a matter of time until you become the recommended supplier and land a job; this is when things get really interesting.

Over time your networking along with delivering great value to your customers will evolve into fans making raving recommendations about what you do. Now repeat, repeat, repeat. Build a network in which you deliver value first by connecting needs and your networking efforts will soon be landing you new business all for a bit of time and on a coffee card budget.

Thank you for reading,

Gerry L. Wiebe, Founder | President