Thursday, September 20, 2007
We've Moved!
Sales Motivation Blog
Monday, September 10, 2007
Sales Dog Blog
Contact Mark Hunter, The Sales Hunter for your next Conference or Sales Meeting. To see and hear Mark Hunter now visit www.TheSalesHunter.com
Saturday, September 8, 2007
Professional Selling Skills: Apple, iPod, and Pricing Integrity
We all know what happened: a few months ago Apple released the iPod phone for $599. The price was high, but they were confident and their good story of saying it was both a phone and iPod all-in-one supposedly made the price a smart move. Fast forward to now: they cut the price by $200 and, in so doing, they make everyone who bought an iPhone out to be a fool for paying $200 more. Apple responded in its wonderful, arrrogant way only after an outpouring of complaints by granting their customers a $100 in-store credit.
In this simple action, Apple and Steve Jobs demonstrated a complete lack of pricing integrity. This is a great example as to why it is essential to establish a price and stick to it. The action by Apple tells their customer base that the next time they come out with anything new, wait and buy it after they do a price reduction. This action also undermines the confidence of their employeess. Finally, the action harms the price / value relationship that the company has worked so hard to establish.
I can’t think of a better example of why it’s so important to have pricing integrity. I’m also very confident that with this action, Steve Jobs has created a great business school case study that will be used for many years to come.
Thursday, September 6, 2007
Sales Training Tip #199: Network with Linkedin.com
Professional Selling Skills Training: "29 Sales Territory Questions"
"29 Sales Territory Questions"
Sunday, September 2, 2007
Sales Training Tip #200: 3-Step Sales Process
1. Uncover pain
2. Evoke confidence
3. Close the sale
It's that simple. Ask questions that get the customer to reveal their pain. At the same time, ensure that the customer gains confidence that you can help alleviate that pain. Once you have done these two things, it becomes very simple to close the sale.
Nothing complex here at all. The challenge is in taking the time to develop the right questions that will help the customer see and feel their pain.
Thursday, August 30, 2007
Sales Training Tip #198: Know Your MLB
Sales Training Tip #197: Referrals Go Both Ways
Sales Training Tip #196: Using Time To Your Advantage
Contact Mark Hunter, The Sales Hunter for your next Conference or Sales Meeting. To see and hear Mark Hunter now visit www.TheSalesHunter.com
A Question Recently Posed to "The Sales Hunter"
Your best way to create a sense of need is by tying the element of time to it. You can do this in a couple of ways. First, offer an incentive to buy now. Don't lower your price, but offer an additional something if they chose to buy now. Second, create a sense of lost benefit if the person does not buy now from you. Ask them what they expect to get from buying from you so they will begin to acknowledge the pain they have. When they do, you can then begin to draw it out more by asking them more questions about it. The whole idea is to allow them to see how their pain will go away and they will be much better off if they buy from you now. Build on this further by helping them realize that if they don't buy from you now, their own personal cost will be higher since they'll have to live with the pain for even longer.
Contact Mark Hunter, The Sales Hunter for your next Conference or Sales Meeting. To see and hear Mark Hunter now visit www.TheSalesHunter.com
Professional Selling Skills Training: The Power of Your Network
I'm fortunate enough to have two kids (or I should say young adults as they are both in college). When they were little kids, we always monitored their friendships. As parents, this is natural because we wanted our kids to not be hanging out with others who were bent on causing trouble. In the same way, adults have to monitor who we allow ourselves to be influenced by. Is their any wonder why successful people associate with successful people?
A challenge I push myself to do is to ensure my network, my friends, and the people I come in contact with are big thinkers with big goals. The last thing I want to do is to be bogged down by people who could negatively impact my goals, the quality of my thinking, and, ultimately, what I accomplish.
A final comment: I was just in a sales office where the entire sales team was having a blow-out month. It seemed as if everything they were touching was turning into a sale. In talking with them, they had a level of energy and drive that permeated every corner of their office and every corner of their brains. Great sales people were hanging out with great sales people.
Contact Mark Hunter, "The Sales Hunter" for your next Conference or Sales Meeting. To see and hear Mark Hunter now, visit www.TheSalesHunter.com.
Wednesday, August 29, 2007
Professional Selling Skills Training: Don't Leave Your Personality at Home
Unless you're harboring some strange tendencies or bizarre thinkings, there's no reason to not let your personality come through on the job. Let your personality come out and get to know people! It's amazing how much more business can be had when we allow our personal side to be exposed. However, I do have one word of caution. This is not a license to become egotistical, but to become full of others you come in contact with.
Contact Mark Hunter, The Sales Hunter for your next Conference or Sales Meeting. To see and hear Mark Hunter now visit www.TheSalesHunter.com
Saturday, August 25, 2007
Professional Selling Skills Training: Networking with Linkedin
By the way, be sure to reach out to me on Linkedin and together we'll both expand our networks!
Contact Mark Hunter, The Sales Hunter for your next Conference or Sales Meeting. To see and hear Mark Hunter now visit www.TheSalesHunter.com
Monday, August 13, 2007
Sales Training Tip #195: A Great USP
1. Does it matter to the customer?
2. Is it different from the competition?
3. Is it explicitly defined with a sense of urgency and need?
Wednesday, August 8, 2007
A Question Recently Posed to “The Sales Hunter”
First off, I’d identify who your target customer is. It’s very easy to start trying to reach out to what you believe are potential customers only to find out there is no chance they’ll ever buy from you. Secondly, I’d find out what it is you do best and what your current customers say they like about doing business with you. Third, match up what your current customers say they like about you with the profile of your perfect customer. Your objective is to find the key benefit new customers would be most drawn to.
After you’ve done the above, develop 3 - 5 “pain questions”. These are questions that are designed to help the targeted prospect begin to see the pain they have and how you are the solution. Example: “What are some of the changes you’ve had to make to compensate for the current price of gas?” or “What’s the best experience you’ve ever had on a tour?” Both of these questions will help get the person talking, which then gives you the opportunity to ask more questions. By doing so, you get the prospect to do all the talking and you learn as much information as possible to work with.
Let me shift gears a bit and talk about finding prospects. Begin by using the second step above as a gate opener to get your customers to give you referrals you can contact. There’s nothing better than a referral, especially one where the person doing the referring makes the initial contact on your behalf. Secondly, target your message very, very, very tight. We’re all inundated with too much information, so we tend to only pay attention to information that hits our personal bull’s-eye. This means you need to do as much profiling as possible of your perfect customer profile and only do those marketing / awareness activities that will hit them. Don’t kid yourself: the vast majority of advertising is wasted and the best is probably very expensive on a per contact basis. But, if you’re hitting the right contact, then the high cost perception suddenly goes away.
Contact Mark Hunter, The Sales Hunter for your next Conference or Sales Meeting. To see and hear Mark Hunter now visit www.TheSalesHunter.com
Sales Training Tip #194: Avoid the Light
Contact Mark Hunter, The Sales Hunter, for your next Conference or Sales Meeting. To see and hear Mark Hunter now visit www.TheSalesHunter.com
Monday, August 6, 2007
Consultative Selling Tip: Know your Customer's Customer
With this fact in mind, I guess it shouldn't be surprising that they're selling this business. The key lesson: Make sure you take the time to really know how your customer and your customer's customers use your product or service.
Saturday, August 4, 2007
Sales Tip: Phone Sales Tips
Thursday, July 26, 2007
Sales Training Tip #193: Getting Back to the Basics
Sales Training Tip #192: PMOC
A Testimony About the Importance of Passion
How did he achieve so much in such a short time? He attributes his success to his passion: "I seized the opportunity. . .I am so passionate about my product and I have been told by my customers in testimonials and meetings. . .Because I think that having these responsibilties is important, that shows me that self improvement is very possible. I am 22 with the responsibilties of a 40 year old man."
Passion, at any age, can take you places. It's never too late to show it.
Monday, July 23, 2007
A Quote to Ponder
"I am not who I am think I am, I am not who you think I am, I am who I think you think I am".
Sales Training Lessons from Michael Moore and His Movie, Sicko
The corresponding sales lesson is simple: anytime you're on a sales call, you have to make sure the facts and figures you're using are believable and credible to the customer / prospect. The best way to validate your information is by having a question prepared that you can ask regarding each number or fact you present. In this way, you're getting the customer involved and you're securing their validation before you move on. I've watched too many sales go up in flames because some facts and figures presented early on did not jive with what the customer / prospect was expecting.
Monday, July 16, 2007
Professional Selling Skills Training: Sales Tips and Salesopedia.com
Saturday, July 14, 2007
Professional Selling Skills Training: Consultative Selling to Morons
If you're faced with this, do two things:
- Ask more questions, even if they have nothing to do with what you're selling. Because you want to make sure your questions have a logical flow to allow the customer to stay focused, engage them by asking the questions that have nothing to do with what you're selling early on in the conversation.
- Ditch the presentation and focus on your visuals / pictures to do the communicating. The worst thing you can do is try to accelerate the close or attempt to manipulate the customer. DON'T, under any circumstance, do either of them.
The great thing about dealing with people who are painfully slow to catch on is that once they buy from you, they will more than likely become customers for life and they won't hesitate to recommend you to others.
Friday, July 13, 2007
Sales Training Tip #191: Keep Your Hands Visible
Monday, July 2, 2007
Sales Training Tip #190: Google Alerts
Sales Training Tip #189: PBJ Selling
Sales Training Tip #188: Vacation Reading
Sunday, July 1, 2007
Professional Selling Skills Training: Consultative Selling is More Than Networking
Saturday, June 30, 2007
Professional Selling Skills Training: Sales Calls and the Myth of Preparation
If you're a supervisor, challenge your sales team to make sales calls even though they may not be fully prepared. Keep in mind that what I am advocating is the need to push ourselves to continuously find ways to eliminate unnecessary time in our sales process.
If you're a salesperson, ask yourself the following questions:
- What is the % of phone calls I make where I actually talk to someone? The vast majority of our phone calls wind up in voice mail anyway, so really all we need to make the call is a compelling point of interest to leave on the message.
- Do I have enough questions I can ask the customer in person to get them to reveal some great information that will guide me through the sales process? Your answer must be "yes".
In the end, I believe many people spend a lot of time preparing to make sales calls only to wind up not making them because they're afraid of rejection. If this is the case (and I believe it is 90% of the time), then you need to take a step back to consider the following:
- Do you truly believe in what you're selling?
- More importantly, do you have the passion to sell?
If you can't answer "yes" to both, then you will never be successful and you might as well start looking for another job.
Thursday, June 21, 2007
Professional Selling Skills Training: Questions and Consultative Selling
My definition? Consultative selling is asking questions that allow the customer to reveal their true needs, thus allowing you to work with them to help develop a solution that goes beyond solving their basic needs / pain to, ultimately, achieving a higher level of success or satisfaction. It begins with the questions you ask and the quality of the listening you do. It concludes with you delivering what will exceed the expectations of the consumer, regardless of what you initially expected.
Professional Selling Skills Training: Consultative Selling is Like a PBJ
Monday, June 18, 2007
Sales Training Tip #187: Sound Like a "Solution-Provider"
Thursday, June 7, 2007
Sales Training Tip #186: What Not to Ask the CEO
Monday, June 4, 2007
Sales Training Tip #185: What Have You Learned?
Sunday, June 3, 2007
Professional Selling Skills Training: Consultative Selling and Negotiating
Saturday, June 2, 2007
Professional Selling Skills Training: Prospecting and Cold-Call Selling
I've seen a number of studies which all say that the number one reason small businesses fail is lack of money. In my opinion, it's a lack of customers. This past week, I had a chance to talk to a networking group comprised of small business owners. My conversation with them confirmed this opinion even more.
Every small business must be committed to spending a percentage of their time and revenue looking for new customers, all while continuing to serve their existing ones. The easiest way for a small business owner to do this is to dedicate the first 45 minutes of every day to doing nothing but prospecting. I believe that if you don't prospect first thing in the morning, you're far less likely to do it any other time of the day. By not designating this to the first part of the work day, you will find yourself challenged for time and making compromises. When this happens, the most likely thing to get cut is prospecting / cold-calling because it's probably the least enjoyable task.
If you are interested in some tips to ensure success in your prospecting, I recently posted a new article on my website and I encourage you to read it. Visit www.TheSalesHunter.com, click "articles", and you'll see it listed towards the bottom.
Tuesday, May 29, 2007
Sales Training Tip #184: The 3 Letters of Cold Calling
The 3 letters of cold calling are "C I C". They stand for Client, Industry, Competitors. Make sure you know who the client is, the industry they compete in, and who their competitors are before you call on them.
Monday, May 28, 2007
Video Sales Training Tips
http://youtube.com/results?search_query=The+sales+hunter+mark+hunter
Professional Selling Skills Training: What is Consultative Selling?
The best way to determine if you're practicing consultative selling is to ask yourself this simple question: Is the solution I'm providing my customers beyond the scope of what they would have determined as the best one if I was not working with them?
Monday, May 21, 2007
Sales Training Tip #183: Listen With Your Eyes
Sales Training Tip #182: Listen For A Change
Monday, May 7, 2007
Sales Training Tip #181: Sell the Benefits
Tuesday, May 1, 2007
Professional Selling Skills Training: Sales Compensation and Sales Commissions
This is a great question recently submitted by a reader of "Selling Tips From The Sales Hunter." Here's my perspective:
Salespeople who are not compensated based on their level of productivity are not salespeople...they're "order-takers". I'm a firm believer that every person in an organization should have a portion of their pay based on their performance and / or the performance of the entire team or company.
If what the salesperson is compensated is determined by their individual performance, then their commissions / bonus should be approximately 75% of their individual performance plus the remaining based on the overall performance of the team or company. No matter how much a person may believe their sales are their own, it still is important to keep a sense of "team" across the entire company.
If a person is part of a sales team or if what they do is dependent on the activities of a number of other people, then they should be paid approximately 25% based on their performance and 75% based on what the team does.
The total commission should be at least 25% of their total compensation if you expect any kind of behavior impact from the commission. I encourage bonus / commission structures to be in excess of 25% of the total compensation only if management can control sales swings and the base pay will cover basic needs.
Now, a final comment: I am not a big proponent of short-term incentive games unless they are done very, very rarely. Too often, I see sales teams achieve a significant goal based on the ability to earn an incentive trip or some other prize. It's important to ensure you don't have so many incentive programs that people wind up only responding if there is one. When this occurs, all you will have done is increase the cost of doing business without guaranteeing an incremental increase in business.
Professional Selling Skills Training: Selling Tips Being Put to Use
"QUESTION or THOUGHT IN A PROSPECT'S MIND: What Makes You Different? In two sentences, can you explicitly define what makes you different from your competition? Great salespeople can!
RESPONSE (TWO SENTENCES): We show clients how to reduce facilities costs by as much as 20% - 30% or more! Would you like to know how we do that?
IF PROSPECT SAYS YES… “Give me a couple of times THIS WEEK or NEXT that we can MEET and I’LL SHOW YOU
AT the MEETING: Theme is… Proactive vs Reactive
OPENING STATEMENT:
Those that have TIME on their side get the BEST DEALS
· PROACTIVE approach;
· In almost all cases they meet or exceed their financial EXPECTATIONS.
Unfortunately, the vast majority of companies address their facility needs on a REACTIVE basis;
· They seldom meet their financial EXPECTATIONS
· Often ends up as a financial disaster. "
Bob has sent me even more examples and I want to thank him for doing so.
A giant plug for Bob and the Legacy Realty Group in the DFW area: If you're looking for commercial property, give Bob a call....www.LegacyRealtyGroup.com.
Thanks, Bob, and all the best to you and your entire team!!
Thursday, April 26, 2007
Sales Training Tip #180: Your Response to an RFP
Monday, April 23, 2007
Sales Training Tip #179: What's Changed?
Sales Training Tip #178: Stall Tactic
Sales Training Tip #177: What Makes You Different?
Saturday, April 21, 2007
Professional Selling Skills Training: Selling to Big Companies
Jill's book is a great compliment to many of the same approaches I've been talking about for years regarding how to increase your closing ratio and, at the same time, increase the size of your average sale. Thanks to Jill for writing such a great book on a key subject!
Monday, April 2, 2007
Sales Training Tip #176: Great Probing Questions
Friday, March 30, 2007
Professional Selling Skills Training: 15 Tips to Voicemail Survival
2. Repeat your phone number twice. If the person can’t quickly write your number down, you’ve given them a perfect reason to not call back.
3. Avoid asking ask the person to call you back at a certain time. This provides them with an excuse not to call you.
4. Never state in the message that you will plan to call them back. Again, this only gives the person an excuse to ignore your message.
5. Messages left on a Friday afternoon are the least likely to be returned. For most people, Monday mornings are very busy and, as a result, only high–priority activities will get their immediate attention.
6. Do not leave voicemail messages at odd hours of the night. Most voicemail systems offer a time stamp and the person hearing the message will immediately suspect you really did not want to talk to them.
7. The best hours to leave voicemail messages are from 6:45 AM to 8:00 AM and from 4:30 PM to 6:30 PM. Aggressive people are usually working during these time periods, and the person receiving your message could potentially view you as one.
8. Wisely use time zone changes to make as many calls as possible during the optimal voicemail periods listed in the previous tip.
9. Voicemail messages are an excellent way to introduce yourself to a person. Be personable, yet professional, and link your message to something of interest to the person you are calling (such as another person or event). The recipient may view your message as a waste of time if you have no purpose other than getting your name in front of them.
10. When leaving a message with multiple points, be sure to immediately disclose how many you will be making. This will prevent the recipient from accidentally fast-forwarding or deleting it before it is completely heard.
11. If you can’t say it briefly, don’t say it at all. Voicemail is not “story time”. Leaving a long message is an invitation to have the entire message skipped. The optimal voicemail message is between 8 and 14 seconds.
12. When leaving your phone number, do not leave your website address as well. This will give the person an opportunity to make a decision about you without calling you back.
13. Leave a “PS” at the end of your message. A “PS” is a very quick, additional piece of information that will connect with the person.
14. Mention the person’s first name at least twice in the message, but don’t use their last name. Doing so comes across as very impersonal.
15. Refer to a mutual acquaintance in your message as a way of connecting with the recipient. (Caution: Make sure they think positively of that person!).
Professional Selling Skills Training: "Learn / Teach / Sell” Yourself to More Sales
One of the most effective ways to do this is to use each call to “learn” something about the customer and to “teach” them something about the business. When we take the time to both “learn” from and “teach” the customer something, then we have earned the right to “sell” them. This is a consultative selling approach.
“Learning” something about the customer is absolutely essential if we are going to be in a position to help identify their true needs. Therefore, the questions you ask must allow you to gain information that can be used either in the current call or at a later time with the customer. An example might be finding out from a customer what their financial limits are.
“Teaching” is the way we can help the customer become more qualified in their position and, in turn, make better decisions. Teaching them something should not be centered on the products or services we offer, but on the industry and business practices. The key is to provide them with practical information. By doing so, you will demonstrate that you are interested in helping them be more successful, rather than just selling them something.”
Selling” is the final step. Naturally, we want to sell our products on every call. However, reality reminds us that many times there are objections and other issues that must be overcome before the customer will buy from us. Still, it is essential for us to do on every sales call, whether it is simply selling our integrity, our listening skills, or our personal style.
In the end, we have been successful if we have earned the right, privilege, honor, and respect to call on the customer again. This is best achieved when we’ve taken the time to learn from them and teach them information of benefit.
Monday, March 26, 2007
Professional Selling Skills Training: Selling a Higher Price in a B-B Environment
As you begin to prepare your strategy for communicating a price increase, ask yourself the following questions:
1. Does the customer take your product/service and add a standard percentage increase in price when selling to their customers? If this is the case, you can point out that your customer will make more money by taking a standard percentage of a higher amount.
2. What percentage of the customer’s business is your product/service? If the percentage is small, tell them that the amount of increase is only a small percentage of their total business. If the percentage is great, then you can emphasize that the price increase is necessary to maintain the level of product quality necessary for them to serve their customers.
3. Has the customer faced any other price increases from other vendors? If so, try to identify what some percentages of the other increases have been. If yours falls into the low end, then you can point out how your increase is comparatively smaller than that of many others. If your increase is at the high end, you can either explain how yours is the only one you expect to take or that you wouldn’t be surprised to see others coming back to take another round of price increases.
4. How does the customer view you and the products/services you sell? If you have a quality reputation and record, then you can emphasize that the increase has been carefully thought through and it is only being taken to ensure continued quality. If you have a spotty record with the customer, then you should stress how the price increase will allow you to begin addressing some of the issues in question by allowing you to improve the overall quality of service they have been receiving. Naturally, it is important to make sure all comments are backed with a commitment to follow-through.
5. Will the customer raise an issue with the price increase? Be prepared to show documentation of how your costs have escalated and how other companies are experiencing the same increases. (An example is the increasing cost of oil, which has forced any company that uses petroleum in the manufacturing or transportation of goods to most likely increase prices.) When having this discussion, be sure to show empathy for the customer, but remain firm in what you’re saying. If the customer senses any hesitation on your part, they will likely try to exploit it in the form of a price concession from you. Also, be prepared to share steps that your company has taken in an attempt to avoid a price increase. This can include ways you’ve already cut costs or how the price increase is the only way to maintain the quality and service the customer expects. A final point to emphasize is the time lag between this price increase and the previous increase. Having information available concerning the rate of inflation during that specific time period may also help diffuse the issue.
6. Why does the customer buy from you anyway? Knowing this will allow you to reinforce these points when talking about the price increase. You should also have ready at least two key needs of the customer that your product or service satisfies. Be sure all of your strategic information about the customer is up-to-date before a price increase is announced.
7. How much business is at risk from the customer? We can sometimes get carried away thinking that if we raise prices, we’ll lose the customer, even though this is rarely the case. Think through what steps the customer would have to take to move to another vendor. Many times the work involved in moving is not worth the effort, and thus the business is less at risk than thought.
The following Sales Presentation tips are the best practices to employ when executing a price increase:
1. Give the customer lead-time. Provide the customer with enough notice to allow them to make adjustments in their information systems and to exercise at least one more order at the existing price.
2. Avoid showing favorites. Pricing integrity is always essential, but especially so during a price change. Do not treat particular customers more favorably than others in pricing during an increase. Different pricing levels are fine as long as they can be logically defended so that a customer who is not receiving the price break can understand and accept the price change.
3. Do not allow your customer to find out about a price increase from your invoice. Any changes in pricing must come from the account executive or a person of high position within the company. Information regarding a price change should only appear on an invoice after every person involved has been personally notified. (Sufficient time should occur in the price increase timeline to allow at least one invoice to contain a note of the pending increase in price.)
4. Make sure each customer service representative and anyone else who comes in contact with the customer is fully aware of when the price increase is going to be communicated. One of the most significant possibilities for confusion is when the customer hears conflicting information from different departments. Everyone in customer service needs to be fully aware of the price increase, the reasoning behind it, and the logistics for implementation. They should also be provided with a FAQ guide to ensure that when customers do ask them about elements of the pricing increase, they are able to share accurate information.
5. Believe in the price increase. In order to be paid what you are worth, you must charge what you are worth. Although this is not something that can be explicitly communicated to the customer, this general sense is what sets apart the best practice companies and high-performing sales professionals.
6. Instill an open-phone/open-door policy. Any time a price increase takes place, it is important for all senior executives to be willing to answer a phone call from a customer or to make phone calls to key customers. For successful consultative selling, nothing sends a stronger signal to a sales organization than seeing their senior executives on the front-line when dealing with a price increase.
7. Before and after the price increase, monitor the sales patterns of your individual customers. It is important to quickly catch any changes that occur as a result of the price increase.
During the 1970’s and 1980’s, price increases were common and expected. In the past 10 years, however, we’ve all grown used to lower inflation and the overwhelming impact of Wal-Mart’s philosophy on pricing. Today, price increases are again growing more common and acceptable as long as they are well thought through and not seen as a way to merely increase profits. Because they are an inevitable part of business today, we can’t let ourselves avoid dealing with price increases. Instead, we should seek to use them strategically to increase our selling potential.
Professional Selling Skills Training: The First 30 Minutes of the Day
One of the ways that top-performing salespeople separate themselves from others is by effectively using the first 30 minutes of the day. It is highly beneficial to your productivity to know exactly what you are going to accomplish during this period. Therefore, you must determine the day before what you intend to do when you first arrive in the morning. For anyone in sales, this means one thing: start the day by making a minimum of three sales calls before you do anything else.
To begin using this strategy, your objective today (and everyday in the future) should be to identify three people you want to call first thing tomorrow morning. There is no better way to start the day than by calling customers. If you are the type of person who arrives in the office early, your phone calls will wind up going straight to voicemail. Great! In fact, using voicemail is an effective way to demonstrate to others that you are a hard working individual and you take your relationships seriously. For those of you who have a large number of clients, this is also a perfect way to personally reach out to them, while not having to wind up in a long, drawn-out telephone conversation.
In addition to beginning the workday more productively, you will also find yourself warmed up to make additional phone calls throughout the day. This will help you overcome a very common problem among anyone in sales: the initial reluctance to make the first call of the day. Many studies have shown that people waste on average 15 minutes each day just getting ready to make that first call. It is ironic to think that you will have made three phone calls in the time it takes the average salesperson to even start making theirs.
An additional benefit of this plan will come when you begin applying this same principle to the first 15 minutes after returning from lunch. Use that time to make three prospecting calls. Again, you will find yourself becoming productive faster and you will be less likely to find yourself at the end of the day looking back to realize that you did not make the phone calls you needed to.
By establishing these habits, you will increase the number of phone calls you make every day from utilizing time that, in the past, was unproductive. Make it part of your routine at the end of each day to identify both the three people you intend to contact the next morning and the three you’ll contact after lunch. Do not fall into the trap of thinking you’ll come up with the names the next day because the chances of you actually contacting those people will fall dramatically.
Sales Training Tip #175: Ask the Right Type of Questions
Sunday, March 25, 2007
Professional Selling Skills Training: Informal Networking
Professional Selling Skills Training: Sales Strategies for Tomorrow
With Vista now being rolled out, I couldn’t help but laugh over this comment made by Bill in 1981. Microsoft is now telling everybody that to run Vista, a PC should have 1 gig or RAM. It sure appears Bill Gates was a little off base with his comment in 1981.
We need to keep this in mind when we are developing our sales strategies. The vast majority of people are thinking way too small when they’re creating theirs. Remember, your sales strategies are to reflect the vision of what you expect your business to look like at a future point in time. Our problem lies in our perspective. When you’re developing your sales strategies, take a step back and envision your business far beyond where you’re at today and what you believe to be possible in the next few years. One year ago at this time, I was toying with putting audio on the web. I thought there might be a way for me to market myself to new people using audio or video. In less than a year, this strategy (that I believed would take 5 years to develop) has been achieved. I don’t share this to "toot my own horn", but to encourage you to develop sales strategies that will push you to being far bigger than you ever thought possible.
(Now, I will "toot my own horn". If you haven’t already, check out “The Sales Hunter” on iTunes in the podcast section. You can download in either audio or video formats.)
Professional Selling Skills Training: Selling to Large Companies
Monday, March 19, 2007
Professional Selling Skills Training: Negotiating and Donald Trump
The first rule of negotiating is to never brag about your skills when you do you're telling everyone to be careful when negotiating with you. This is one of the things that made Sam Walton so effective in the early days of setting up Wal-Mart. Sam came across as a soft-spoken person and was able to get the people he was dealing with to lower their guard. Donald Trump, on the other hand, does everything he can to inform others of his excellence in negotiating. Now, I'm not going to knock Donald Trump. He's built a personal franchise that, in a business sense, is successful. However, for me, I will always choose the anti-Donald Trump approach and behave more like Sam Walton.
Sales Training Tip #174: The Perfect Time
Saturday, March 17, 2007
Professional Selling Skills Training: The Sales Call and Sincerity
It's rather ironic that if a sales person takes the time the time to truly understand the customer, then they not only will be able to be viewed as sincere, but, in the end, they will achieve a higher level of profit with the customer. The more a sales person is able to fulfill the needs and objectives of the customer, the more likely they will be to sell their goods or services at a price that yields a higher margin.
In my book, the sales person who is truly sincere with their customers will achieve a higher level of profit over a longer period of time than one who shows no concern for the real interests of the customer.
Tuesday, March 13, 2007
Professional Selling Skills Training: Selling With Voicemail
If you're going to leave a voicemail message, avoid using a bluetooth device or any other type of headset. I'm amazed at the number of voicemail messages that are extremely hard to hear and/or understand. The vast majority of time, this is due to the use of portable headsets, etc. If you're doing any kind of prospecting through voicemail messages, you're already at a disadvantage because the majority of them will not be returned. So, why make it any harder on yourself? Use a headset when initially making the call, but when you get sent to voicemail, reach for the handset to ensure the message is as clear as possible. (By the way, to the the three of you who left me voicemail messages today, sorry but there's no way I could decipher who you are or what you were trying to sell me.)
Monday, March 12, 2007
Sales Training Tip #173: Be Intriguing
Friday, March 9, 2007
Professional Selling Skills Training: Trade Show Leads, Closing the Sale
Learn how to avoid this pitfall by listeneing to an interview I recently recorded with author Susan Friedman for NARMS Radio. Susan has written the book on how to get the most out of trade shows. You can download the interview from iTunes (keyword: NARMS), by following the link on my homepage (www.thesaleshunter.com), or from www.NARMS.com.
Saturday, March 3, 2007
Professional Selling Skills Training: Sales Office Politics
Readers of Selling Tips From The Sales Hunter are always sending in questions about sales. I'm not able to reprint most of the questions. However, here is one that I'm sure is of interest to a number of readers:
"I am a top-performing sales person who recently changed companies and in the new organization, I'm having to deal with a lot of office politics arising from lower-level sales people shooting arrows at me. How should I respond?"
Answer:
(Before you read the ideas below, never forget your skill set that got you to where you are or allow yourself to do anything to diminish your selling skills as a way of trying to get other sales people to like you.)
1. First, don't expect to be able to quickly change people's attitudes. Rather, your best approach is to befriend one of the sales people and, as your relationship with them grows, they will convey to others the fact that you're a great person and a team player.
2. Spend as much time as possible away from the office. It's hard for people to shoot arrows at somebody if they don't see them. Don't take this to an extreme and never show up, but pace yourself to be in the office less time than the others.
3. Food / drink: It's amazing how a little food or drink can change another person's opinion. Bring in some doughnuts on occasion or have some candy at your desk. It will often soften things up.
4. Offer to be a sales coach to the newest person in the office. But when you do this, don't allow your ego to get in the way. Rather, convey your skills with an incredible sense of humility. A key thing to keep in mind when coaching somebody is if you have to tell somebody how good you are, you're really not very good. People should know your skills simply through the results you obtain. (Donald Trump never has to tell anyone how rich he is...his problem is he has an ego.)
5. In sales meetings, avoid dominating any discussions. Take a more quiet approach and when asked your opinion, answer humbly by stating something like, "Well, an idea that may work might be something like....."
6. Become a cheerleader to the office. Anytime somebody else in the office does something, be sure to compliment them and ask them how they did it. If they're looking at you as a super sales person and you take the time to ask them how they did something, it will elevate their thinking about themselves. (The key is to bring the others up to you, rather than you dropping down to them.)
Friday, March 2, 2007
Sales Training Tip #172: The Key To It All!
Saturday, February 24, 2007
Professional Selling Skills Training: Voice Mail Messages
First, accept the fact that very few voice mail calls will be returned if you don't have a relationship with them. This means that the voice mail message you leave will wind up being only the first part of your sales process.
Secondly, never leave any more information than you need to. The more information you leave, the less likely the person will call you back. People use voice mail messages as a screening tool, so if you leave too much they will use it to validate in their mind why they don't need you. Keep your message concise by providing only your name, phone number, and a very short statement. You are opening the door for you to contact them again under the premise that the first voice mail call is probably not going to be returned.
The exception: If you're dealing with an opportunity that has a very low chance of ever coming to pass, then go ahead and leave them a lot of information (enough to disqualify you). With this strategy, they'll only return your call if they truly do have a reason for doing business with you. Keep in mind that this should only be undertaken if you have the ability to leave thousands of voice mail messages and you don't care how poorly people view your name and company. In other words: keep your messages short and be sure to repeat your phone number slowly, saying it at least twice.
Friday, February 23, 2007
Sales Training Tip #171: Help Them Describe Their Problem
Thursday, February 22, 2007
Sales Training Tip #170: Analyzing Fear
Saturday, February 17, 2007
Professional Selling Skills Training: Better Questions to Close More Sales
Friday, February 16, 2007
Professional Selling Skills Training: Lessons From NASCAR
Far more long-term profit will be made from customers who continually buy from us and, even better, refer us to others based on our integrity.
Wednesday, February 14, 2007
Professional Selling Skills Training: Phone Calls "vs" Advertising
Thursday, February 8, 2007
Sales Training Tip # 169: 4 Keys To Understanding Your Sales Process
- How much does it cost to get a lead?
- How many leads become customers?
- How much do you make on the first sale?
- How much long-term profit do you make from a customer?
Monday, February 5, 2007
Sales Training Tip #168: Are You Curious?
Monday, January 29, 2007
Professional Selling Skills Training: Have You Heard the Latest Podcasts?
- Sell the Future: Don't sell what your product is. Rather, sell what your product can be.
- Prospecting for Big and Small: Close more sales by focusing your efforts on a cross-section of prospects.
- Weekly Improvement: Improve your selling skills every week throughout the year.
Saturday, January 27, 2007
Sales Training Tip #167: Respect the Gatekeeper
Tuesday, January 23, 2007
Sales Training Tip #166: Great Probing Questions
Some examples of great probing questions are:
- What goals are you trying to achieve?
- How are you going to achieve them?
Saturday, January 20, 2007
Professional Selling Skills Training: What is the Best Way to Begin a Cold Call Sales Pitch Over the Phone?
It’s important to keep in mind that you're talking to a prospect. When you’re making a cold call, don’t view the other person as a customer. Customers are those who have provided you with information that is not normally known by others. Prospects are those with whom you have not been able to develop a detailed dialogue with and, as such, they have not provided you with some key information.
When making the call, keep in mind that you have only 10 seconds to convey your passion and interest in desiring to serve the person on the other end. Begin by addressing them by their first name only. Using the person’s last name makes the call more formal. Second, state your name clearly. Don’t waste time by giving the person your title or company name, unless it is compelling enough to generate their interest. Next, you should make a single statement that both serves as a compliment to the person and peaks their interest. An example of this might be: “You’re fortunate to be employed by one of top 100 companies to work for in America and the reason I'm calling is that I assist companies in making sure they stay ranked there.” You would then follow it by saying, "May I ask you a question?" If the prospect doesn’t allow you to do so, ask if there might be another time when they would have 3-5 minutes. This communicates that you're not looking for a lot of time. Often, the person will ask you to continue right then. If they don’t and won’t give you another time, finish the call and move on. Always avoid getting sucked into the trap of allowing the prospect to drive the outcome with a response like: “I don’t have time right now, but go ahead and send me some information.” This of course is the kiss of death!
When the customer allows you to ask your first question, keep in mind that it must be short and open, while, at the same time, beginning to convey your expertise. An example might be: “We often work with companies like yours that know the value of being a great place to be employed because they understand what it takes to be great. What are you currently doing to help your sales people be more productive?" A follow up comment might be: “Lately, I’ve been talking to a number of buyers who have shared with me some concerning information and I’m struggling in know if it’s accurate. May I share with you a couple of their comments?” Keep in mind, I’ve only made two comments / questions and, as a result, I will most likely be able to either keep the conversation going or will have earned the right and privilege to contact the person again. Either way, the cold call has been successful since I’ve achieved my goal of being able to continue the dialogue.
Voicemail, of course, is where the vast majority of phone calls wind up. When making the first call to a prospect, if you are connected to voicemail, do not leave a message. The chances of getting it returned is extremely low unless you’re a doctor, attorney, or banker. You should only leave a message on the third attempt, assuming you’ve varied the time of day and day of the week when you’ve made the other two calls. (The best time to prospect call is from 7:30 – 8:30 AM and the best month is late in December.) When you leave a message, don't give enough information to allow the prospect to rule out why they don’t need you. Your message should be upbeat and enthusiastic. In no more than 12 seconds, you need to leave your name, phone number (slowly), and one interesting comment to get them to remember you. An example I might use would be: “Hi, I’m Mark Hunter, The Sales Hunter, and I’m calling you to compliment you on being named as one of the best companies to work for in America. You can reach me at 402-445-2110.” Notice I didn’t try and sell anything. All I did was let them know who I am and compliment them. I have also accepted the fact that the customer will probably not return the call, but the compliment I left will serve to make them more receptive to me the next time I contact them.
Thursday, January 18, 2007
Professional Selling Skills Training: Why Buy Now?
Every sales call must create a need for the customer to realize how much time they will lose if they don't buy today. This does not mean every close comes with a discount if they buy by a certain date. Rather, it means that we must seek to help them understand how they will be making better use of their time if they buy now. When the customer understands the value of time and how much their own time is worth, then they will be far more likely to make a decision right away.
Many salespeople spend too much time with people who are not driven to make a decision. In the end, they wind up making a lot of sales calls with not a lot to show for it.