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Beyond Networking

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As a sales person you are fighting for the win. You follow the best possible practices, you out learn and out hustle all competition to land the sale and hopefully through excellent product and/or service quality convert that one sale into an account with a chain of future sales.

There is just one big problem with all of the above. No matter how well you perform you are always giving your customer one final thing, an invoice.

The customer has a direct responsibility, to pay the invoice and as such will endlessly be on the look out to ensure top performance on your part, while constantly being on the lookout for who is willing to outperform you on product, service or price.

You job it to then work toward developing customer loyalty, which on a good day is a tough challenge, unless you are practicing the ultimate in value delivery to your customer as follows…

Bring your customers new revenue.

Wait a minute, as a seller my job is to sell, get paid and line up the next sale, there is no place in the sales process for the process to work backwards, they pay you, and not you pay them. And in this singular logic lies the magic of bringing your customers value, in fact so much value that you are a hero, the receiver of the warmest smiles and a personally made cup of coffee by the gatekeeper and the receiver of your customers time any time you ask for it.

How is this done?

  1. Invest in “Quality Time” with you prospects and customers;
  2. Know your customers and what “to them” is the perfect customer;
  3. Know your customers problems and what “to them” perfect solutions look like;
  4. Connect the dots between those who need solutions (buy or sell) and those who deliver them;
  5. Literally arrange coffees between members of your network and make the contacts that bring new business relationships into existence, some are buyers of solutions, others the sellers;
  6. Systematically, over time you will have brought your prospects/customers more net profit than your own products/services cost, you are now a PROFIT CENTER to your customer.

Now how will the competition, compete with you. All they can do is sell, even if they drop their price to $0.00 they will not win because your value proposition is simply superior. You have brought and will continue to bring so much value to your customers that change will not even be considered unless you bring it.

Understand that this is not a “make sales fast” scenario, significant hard work is needed to generate the network and trust that leads to a true understanding of your prospects/customers’ needs so you are able to legitimately connect those inside your network with meaningful referrals, direct connections all powered by your personal recommendations.

Likewise do understand that the efforts when maintained over a prolonged period of time generate sales results and customer loyalty like you have never experienced before.

Change your value, change your world.

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

It must be nice… To Not Need Business

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Here are two simple and highly productive sales lessons that will go far in improving your customer relationships and making more sales.

Answer your voice mail.

I have been trying to get a hold of a seller to connect him with a client of mine for a solid week, all without a response. Wait that is not true, I did get a response from his voice mail system telling me that his mailbox was full and could no longer take new messages.

It must be nice, when business is so strong that you can ignore phone calls, let voice mails go without reply and build up until there is no room left for new messages, customers or opportunities.

Now do not get the wrong message here, I am and will not be a proponent of dropping everything to take a call any time the phone rings, but that said, it is good practice to check your voice mail 3-4 times a day, return meaningful calls promptly and never, ever let a voicemail box fill up to the point where there is no room for new messages.

The seller in question is making deadly mistakes, after all if you cannot even manage a voice mail box why should I let you manage my several hundred thousand dollar a year account?

Here is another simple and highly productive sales lesson that will go far in improving your customer relationships and making more sales.

Check and return Email messages.

Turns out the same guy will not respond to or in fact even check his own email account…? I have sent him no less than three emails, two with read receipt notices (telling me for a fact my messages have not yet been opened) and a Linked-In in-mail message over the past 3-4 days all of which have gone without any reply.

Again it must be nice to have so much going your way that you can afford to not respond to a willing buyer, or perhaps…

He has not come to realize that there is a direct correlation between responsiveness and customer perception. Now let’s this clear, this person represents a highly credible company the reality is that I have every reason to want to connect this seller to my client and my client will most likely become a major client of his going forward, however this deal may never off the ground because the “Perception” being built is that the seller does not care about even the smallest of things, voicemail, email etc…

I am of the philosophy that if one proves he/she does not care about the small things, they should not be trusted to look after the big and truly meaningful things.

In this I think I am like most of you. So here is the sales lesson, show respect, be prompt in your replies and take advantage of every possible opportunity to listen to your customers and prospective customers.

If you are going out-of-town and cannot answer or respond to an inquiry just use a telephone service, leave a message say you are away or program an auto responder to flow back to incoming email.

A “DO NOTHING” strategy will directly bring a “GET NOTHING” result.

Strange thing is, in my career, the more I learned to shut my mouth and open my earns the more sales I made.

How about you or your sales team, have developed bad sales habits and taken on a pattern of missed calls, un-answered voice mails and ignored emails? If yes, you have a major opportunity in front of you, get proactive with customer communications and watch your sales grow and grow.

If you want to learn more, get in touch.

The Whistle Dog Factor

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Or how $.25 destroyed a customer for life

The facts have not been changed to protect the guilty.

Gourmet Grilled All Beef Hots Dogs with Sides and ChipsOK, I admit it I have a secret love of hot dogs, to be specific an A&W Whistle Dog, Onion Rings and Diet Root Beer. Now don’t get me wrong this is not a daily or even weekly thing, but it was a twice a month thing. So you say, “OK you like some fast food every so often, what’s that got to do with a sales based blog posting”. Well this is where things get interesting. My regular Whistle Dog fix costs me about $11.50 a hit and I go twice a month so that’s $23.00 a month or $276.00 per year.

I am a nice, quiet, very predictable, repeat customer and I bus my own table when done. This makes me pretty much every A&W shop owners dream customer right? You bet right, so then why am I now being charged $.25 for one little plastic disk of BBQ sauce to go with my onion rings? I mean WTF. I am seriously miffed.

I think it was Robert Burton (and not Ben Franklin) who coined the phrase “penny wise and pound foolish” and that’s exactly what is going on here. I just dropped $11.50 on a hot dog, badly cooked onions rings and $.03 worth of root beer and they have the nerve to put the touch on me for a single serving of BBQ sauce?

Well first I asked the sales clerk if she was serious, and she was so I very politely paid the lady the $.25 and have not been back for two months, those two months will just keep going and going as I have now started my one man boycott against dumb sales policies and practices. Be warned from now on if I see them, or experience them I am going to write about them.

Yes, the A&W shop owner got their $.25 and now I am going to keep my $276.00/year times the next 20 years and believe you me that $5,520.00 plus inflation is going to by me… well I guess I am on the lookout for a new hot dog shop. Oh and I do hope that the A&W shop owner comes to realize that no matter how many coupons you give it, it will never make up for “Taking Your Customer For Granted”.

OK, my rant is over, now let’s look at the sales lesson, you have a fully qualified customer, who is paying their bills on time, every time, so what happens? Some number-cruncher in the organization says we are losing money on (enter your example of the BBQ sauce here) and we have to pass this charge onto the customer no matter what.

If you agree to start doing this; congratulations you have just joined the Penny Wise, Pound foolish club. You will lose customers by the dozen all because you did not follow one of most primal product pricing policies… Thou shalt not insult your customers by “nickel-and-diming” them.

There are dozens of pricing strategies to not only get incidental costs covered but to use them to build customer loyalty (none of which appear to be covered in the A&W shop owner’s operations manual).

Now apply this our daily industrial sales reality, we are busting our back sides, to make sales worth thousands of dollars a unit. Getting sales, providing great service and earning customer loyalty is hard work. Are you losing sales, sometimes big sales over policies and practices that are seen by your customers as them getting nickel-and-dimed?

Three key questions:

1. Are you’re pricing policies and/or practices triggering negative emotions in your customers, compelling them to go shopping?

2. What if your biggest barrier to more sales is the pricing program you are following?

3. Are you taking the $.25 as asked for and trading away loyal customers for life?

If you want to know more get in touch.

The Trust Factor

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When I have dark moments of self-doubt (and I do) and question my direction, value, skills etc… I cut the negative process short and head instead for the “Red Tin”. In this “Red Tin” I keep the original copies of every recommendation and/or testimonial I have ever received going back to the 80’s.

If you read these you will quickly note what they do not say is… you said you would… and then sort of came close. Instead they say, you listened, understood and then just shut up and did the right thing, and you did it over and over to earn my trust.

These documents are all past tense, they speak to what was done, not what was promised. They speak to listening, little talk, and much action, they speak to investing in learning the real needs of the customer and meeting them head on, they speak to putting others first to then gain the reward of a long-term, profitable relationships.

Today, too many sellers are just pitching the stuff they are “told” to sell, they are not sales professionals, they are order takers. A sales processional seeks to understand a true need and then fill it. They seek an honest relationship, one in which they earn an equal voice with the buyer and can either agree or disagree with the buyer to truly define needs and then fill them.

Is todays, wham bam, thank you man, sales approach what is missing is “TRUST”, trust that the seller actually cares about the buyer needs, and trust that the seller is actually looking out for the buyers long-term, best interests.

The overriding problem is time, companies looking to grow and their sales people do not understand that developing real relationships takes time, and is much more about hearing and not about pitching, it’s about listening and not about talking.

ThisSales Statistics chart, to my experience is brutally true. Most sellers quit round about the 2nd call when in fact the sales magic happens in the 5th to 12th call or direct contact with the buyer.

It may appear counter to what you are being told today, but taking time to get to know someone and their needs, while slower and far less fancy is in fact a clearer path to more sales and thus more commission that any other sales approach.

Being a genuine human being, caring about others first, is in fact the fastest way to forming a trusted relationship, and in the cold light of dawn, buyers will always choose to do business with those they know and trust above anyone else.

All I can say is that anything worth doing, takes time. Relationships take time, understanding takes time, but from relationships comes trust, and from understanding comes sales orders. From meeting needs over the long run comes reputation and from a positive reputation, the testimonials and letters of reference. All hard-won and of deep value, that endlessly reaffirm that I took my time and did it the right way.

Are you an order taker or a sales professional?

Get in touch today.