Your challenge is to bust down the barriers of the online world.

 

Your emails and letters are going out. You’re making phone calls. You’re setting up informational and networking meetings. It’s taking a lot of your effort, but somehow the best prospects elude you. It’s taking too much time. You are prepared to offer a compelling value proposition, but realize that it needs to happen face to face. You’re not frustrated by this challenge. You’re fascinated. You need to cut through the clutter. You’re through spinning your wheels, waiting for a response. You are on a quest to garner better results. You know face to face kicks off new relationships, rekindles familiar ones really well. This article is part one of a two part series. Part two prescribes an approach.

Your Transformational Opportunities

  • Develop specific domain expertise based on one or more factors: functional role, geographical area, vertical market focus
  • Identify the best leads, contacts: Companies that are growing fast, willing to make investments, and decision makers that recognize the value of your contribution.
  • Make timing be in your favor just like the black smith striking while the iron is hot, you are addressing their concerns when their awareness of needed changes is piqued, their interest is focused, and their commitment to do something is highest.
  • Improve your effectiveness, make it manifest: Shortening the time to the meeting or interview, speeding up the time to an offer or acceptance of your proposal, raising visibility to a bigger set of opportunities, obtaining a larger more lucrative contract, or better salary and benefits package, meeting firms qualified with needs for your offering and resources at their disposal.

Your Homework First

It’s important to be prepared before you are face to face with the influential person. What kind of conversations do you want to lead? In my next article, I’ll focus on the method and give you some ideas for implementing the face to face strategy. You don’t want to limit yourself only to meeting the hiring manager or the decision maker. In fact, it is likely better not to in the beginning. This homework you do will help you distinguish yourself, and you will accelerate the results of the sales call, informational or networking interview, or the hiring interview. The process focuses on a professional event.

You Are The Change Agent

The mentality behind the strategy I’m about to spotlight for you comes from an excellent book, Selling Change by Brett Clay. Check it out if you like the questions he presents and you will ask your targeted influential person. What you learn and teach in pursuit of these questions is the price of admission. When you study these, you have definitely earned a place in the corner office. With these answers, you can make a compelling proposition for your newest customer or employer.

  1. What are the forces your client is feeling?
  2. What is the client’s best response to those forces?
  3. What will it take to respond to a change? What is the effort, the cost, the risk?
  4. What value will be created by the change?
  5. How will the client initiate the change?

I welcome your experience from using the questions with your targeted key influential persons.

 

This is the fifth post in a series of six articles

Increasing

 Your Value

Is Your Way

to Resist

the Squeeze

What do I mean by business conditions? We’re in a global era, one where the internet became the commoditizer. If you’re a sales professional in the technology space, you have some idea of what I mean. You’ll find this worth studying because you want more sales, faster and easier.

As a technology professional, I know you are feeling the pinch. The signs are everywhere this month of April. John Chambers, CEO of Cisco vows Bold Changes as investors worry. Newsweek captured some aspects of the challenge in a feature article this month called Dead Suit Walking about two men who can’t find jobs. After reading the article, it took me some time to figure out how come it bothered me so much. Then it hit me. The world has changed.

Why don’t you harness the motivations of your clients and partners to achieve their goals, as author Brett Clay suggests and start Selling Change for Growing Sales and Leading Change? Let’s roll up our sleeves and start to push back on the squeeze.

Meeting these challenges requires different approaches today than before. Adapting and responding is not enough today. It’s time to be a change leader. Here’s my list of challenges: The economic environment, increased competition, finding and qualifying sales opportunities, managing priorities and time constraints, creating visibility, differentiating your offering, using technology, tracking trends, contacting decision makers, attracting and retaining the best sales and marketing team, justifying sales and marketing investments.

Economic Environment

What are the forces the client is feeling? You want to understand these. Not all individuals, companies, and vertical markets are dealing with the same forces today. Businesses are cyclical in different economies. Lately, it’s been good for me in energy, materials, and government. Are you aligning your resources properly with the right partners, in the right geographies and markets?

Increased Competition

Its encroaching from all sides. It’s just a mouse click away. Are you letting it get you down, or letting it spur you onward to improve your strategy. Time to get some research done. Starting here: If you haven’t done so in a while, why not talk to existing customers and ask them why they signed up? Listen carefully. Thank them for their business and their time, get inspired with their perspective. It matters the most. Next, study your competitors and their key customers. Compare your value offering to theirs, using a matrix of elements.

Finding and Qualifying Sales Opportunities

Not optional for a true sales professional, especially as a discipline to drive change. Do you know what your client’s best response is to the forces affecting them? You need to as a change agent. You will also need to know what it will take for your customer to respond to a change. What is the effort, the costs, the risks that they carry? In fact, mastering this phase will give you sales. Selling is not telling. My manager beat this into my head when I began my sales career. I never forgot it, and it paid off. Today, with the information and training opportunities available, you have no excuse.

Managing Priorities and Time Constraints

How is it that some professionals generate ten times the sales production, when all pros have the same amount of time. Are you using your time effectively. Do you get the right things done? Do you move fast? Have you delegated tasks which you’re not excellent at doing them? How about ones not absolutely critical to your success?

Creating Visibility, Differentiating Your Offering

The commodity trap pulls us off our path. It’s easy to repeat the processes and approaches that worked yesterday. It’s harder to determine “What is the value you will be creating by helping them make the change?” We’re not content with merely selling solutions here, but becoming agents of change and helping customers achieve goals.

Using Technology, Tracking Trends

It’s easy to get sidetracked here, because the promises from innovators and creators are compelling and abundant. At a minimum, you’re using Linkedin, Twitter, Facebook, Google alerts, CRM, a Smartphone. How about playbooks? Do you have those?

Contacting Decision Makers

There are many times that sales seems too complicated. Who is better than the decision maker to answer the question, “What value will be created by the change you’re acquiring? One of my esteemed sales associates from Transworld Systems, Rick Wright who consistently came out on top in contests and had a heart as big as his drive and competitive spirit said it simply when asked, “Why are you number one?” His answer, “He who sees the most decision makers, wins.”

Attracting and Retaining the Best Sales, Product Management, and Marketing Team

If you’re an individual contributor, your impact is as a performer, a model and leader that the management team greatly values. But as a business owner or manager you know it’s vital to attract talent all the time, even when it’s not urgent.

Making Sales and Marketing Investments

You need a plan. Successful business executives and sales professionals know what success looks like, they pursue it through some strategies, make adjustments. I received a healthy dose of reinforcement reading San Francisco Business Times Most Influential Women in Bay Area Business.

Thanks for Reading

Please add your comments below and remember to get updates by email now or get the RSS Feed, if you haven’t already, so you don’t miss out.  As always, good luck with your sales transformation.

Please Tell People About Honest Intentions

If you like this article, please ReTweet it with the little green button, or tell a friend. My blog group has introduced me to a little tool called Share and Enjoy to make it easier for you to email it to a friend or add it to your favorite social media website.  I hear that if you bookmark it on Delicious or Stumbleupon, that will get more readers here. Many of my thanks in advance for your help. I appreciate it.

 

This is the fourth post in a series of six articles

 Bolt Out
of the
Shadows

and into

the Sun

 

1. Picture Success

You’ve heard “I’m on a vision quest.” For me, it’s a discovery quest. My vision of success on this project is to create a great sales process. I see sales success as partnering with marketing to attract prospects, and then converting the interested ones into customers in a consistent manner. Many businesses try to bring certain functions together: research and development, product management, marketing, operations. But they neglect the sales part. Big mistake. Are you one who has neglected the sales part, don’t want to get involved in the messy details of sales. If so, my article here aims to encourage and enlighten you on the idea that the purpose of a business is to attract and retain customers. Profit is just a byproduct of sales done right. Nothing counts until a sale happens. Remember, I pictured discovering a great sales process.

2. Plan Strategically

Simply put, my sales strategy involved adopting two or three channels of distribution and executing tactics to maximize opportunities.

  1. Businesses which provide their employees with laptop computers and smart phones.
  2. Wireless phone and consumer electronics distributors and retailers.
  3. Customers who care about protecting their electronics, valuable items, reputation and ability to be productive using these tools.
  4. Affiliates who have aligned business and charity causes with ImHONEST.com

3. Make Goals

Because I want to bring WoW Factors to my customers, I make sure to have intentional congruence between my short term sales growth goals and my long term business development picture of success. It’s a virtuous circle. I started out with six metrics to monitor, and my sales team quickly advised me to narrow it down to a more manageable number for our ‘Gotta Get More Sales Boot Camp’ game. With a green field opportunity to sell ImHONEST.com products, I decided on three, number of calls made, number of review meetings with decision makers, and number of sales. With my starting and ending dates set, my purpose clear, my strategy in place, I am ready to bolt off the starting line, eager for a strong finish.

4. Do It!

Secrets Learned: There can be no doubt that all my success results from intentional, focused action. This chart shows my prospecting actions over the last four weeks. In week one, I missed my weekly target by two calls, but I came into the realization that my sales goal loomed large and I needed to step it up. In week two, I boosted the numbers over goal, but I still wasn’t satisfied. Good things happened to me in week three, when I doubled the activity goal. Be ready to take on a double now and then. I’m not talking about a double cheeseburger either.

Sometimes I hear people say the problem with prospecting is that it’s hard to do. It’s NOT HARD, if you’re prepared. It’s easy to do, but it’s easy not to do too, even when you’re prepared. You know what I’m talking about, don’t you? Yes, easy not to do. Any sales plan needs to track field activities. Especially when you’re starting something new. In this example, the chart doesn’t tell the whole story, just the numbers. Management likes the numbers, but leadership knows they need the proper key to unlock the your potential, to get yourself to produce the activities. Why are you going to do it?

5. Pause Reflect Recharge

Secrets Learned: If you pay attention, the numbers in the chart above tell you what you need to know. After week one, I came up short. The key lessons for me:

  • Obtain a better prospecting list, work introductions of associates. I shifted from calling office supply retailers in week one, to wireless dealer distributors in week two. The list had no decision makers though. If you can get a list with decision maker contacts, it’s even better.
  • Write a presentation script, write some answers to anticipated objections, and practice them.
  • Have objectives for your calls.
  1. Get the Decision Maker Contact info. Name, phone, email, times in office, schedule, assistant
  2. Get suggestions, advice, a referral or introduction.
  3. Get an appointment for a product review when addressing the Decision Maker, have them take some kind of action
  4. Get a commitment to BUY.
  • Ask myself what can I do to improve my result next time?
  • Break up my routine. Get out of my comfort zone. Seek feedback.

Secrets Learned: Although sales revenues and numbers are key results to achieve, having an interim milestone like meetings with the decision maker highlighted above, gives me vital clues about my activities, effectiveness, progress, and success. I use this information to make adjustments in strategy or tactics to improve my sales approach. You will become excited going through this process.

6. Deal with Reality

Time happens, whether you’re making the numbers or not. Have you ever noticed that somehow, successful sales professionals make the time to do the numbers? Unsuccessful ones let interruptions crowd out their time for doing the numbers. Then they make excuses. That’s not you. You put distractions in the rear view mirror.

Secrets Learned: Perhaps you found a coach and a team of associates working on similar goals, while forming new habits. If you have not found them, then you’ll want to identify them, get together, and gain solidarity. My coach gave me an invitation that I could not pass up for even a moment. It was 30 minutes per day, every day, for four weeks. She called it ‘Gotta Get Sales Boot Camp’. I signed up immediately. If you can’t face reality on your own (and most sales people can’t), then I recommend you get a coach. I did. You’ll be fortunate if yours does for you what mine does for me.

Go ahead and check my coach out. Her business zooms at Accelerated Outcomes.

7. Make a Commitment

You may have heard the definition of a sale is the transfer of enthusiasm. Did you ever wonder about the meaning of enthusiasm? Why do some people have it and some don’t? The root word enthuse has Greek origins, meaning ‘the god within.’ And I-A-S-M, is an acronym that stands for “I am sold myself.” The God within I am sold myself. Once you make a commitment, enthusiasm flows. Give it a try.

I play mind tricks on myself. I’ll give you a couple examples. I don’t quit calling on a high note. I keep going with the next customer when I’m on a high note. Why? Because the person you reach will feel it, and that can be your next customer. Alternatively, I don’t quit if I haven’t reached my goal. I make another call.

Another example happens when I’m growing frustrated. Instead of falling into the hole, I catch myself and become fascinated. Have you ever been caught sitting in your car, on the freeway when it’s a parking lot and you have a critical meeting with an important person? Nothing you can do will change the situation, kind of like President Hosni Mubarak this week, with the Egyptian protestors marching for freedom. The pressure keeps building, building, you’re boxed in . . . and then you notice the chrome wheels and lug nuts of the truck next to you throw off shards of light shimmering in all directions. Fascinating . . .

8. Prepare Daily Tasks

There are only 24 hours in a day, and now I had a new set of activities to layer into my daily schedule. Something had to give. It wasn’t going to be my morning exercise, but the problem was most of my customers were on the east coast and I am on the west coast. If I didn’t start early, time would slip away. My response was to start making calls at 5:30am. Shift happens. In order to do that, I needed to go to sleep earlier. I gave up a worthless evening hour of TV, and it was a breeze. I’m still looking to find associates to join me for lunch at 10am, however . . .

In one of my calls to Disney, the customer asked where’s area code 510? I answered San Francisco and he said, “Doug, you have tough working hours.” My response, “Yeah, it may seem so. It’s early, but I am done with my work day before 2pm, plus I don’t have the same traffic challenges that many others do.” Actually, I get more done now, from this minor adjustment. One of the benefits of making this change, is that I am stronger asking my customers to make adjustments too. Funny how things work that way. You don’t have to get up to make calls a ungodly hours of the day to be successful in this area. My point is you prepare daily tasks, resolve to never give up. And your effectiveness will soar.

9. Track and Monitor

I set the goal for six sales. OK, so you see I haven’t made the sales numbers after four weeks. Is that a bummer? No, because that was five weeks prior when I didn’t have a clue about what the sales process should look like. Now, I have greater insights into what it takes to succeed in this business; also like Vince Lombardi said, I just ran out of time. I know sales will happen. I’ve received verbal commitments. I will ride out the closing process, no matter what. I’m not going to beat myself up for missing this milestone. I have learned much about what I need to do to improve, and have committed to getting the sales by the next period. Do you notice the attitude? It’s time to be a victor, not a victim. Only you decide that.

Secrets Learned: Sales is a critical metric to monitor. In this case, the gradient was too steep. When starting out selling a new venture, product, or service, it’s important to craft a delicate balance between what is inspiring and what could be overwhelming. I had inspiration sustain me during this four week period. Even though I made much sales effort, the sales goal needs to be adjusted to later in time, for a more even gradient. My workaround was to accept a verbal commitment from the customer to buy, and go for two of those in the final stretch. There are other key business metrics you can track here, including margin per sale or customer, size of sale, percentage of growth rate, or repeat customers.

Remember this: You can probably fool other observers with your numbers for a few days, maybe your associates for a couple days, your boss or coach for one day, but not yourself, not even for one day. You don’t want to call your character into question. So don’t even try.

10. Find Bright Lights

Some of my recent bright light figures who I owe kudos to: Harvey Baraban because he stands for personal integrity and shares his knowledge generously in our monthly roundtable events. JT Foxx, because listening to him makes me uncomfortable, his unreasonableness, incisiveness stir up my assumptions; and then, his passion is like a warm blanket coaxing me out of my comfort zone. Raymond Aaron, because his intellect, passion and communication are rational yet challenging; and, Eroca Lowe, who carefully teases out whimsical dreams from far places, and nurtures these thoughts into reality, then steadfastly keeps them growing. My Wife gets my special thanks because so much is fascinating with her. Brian Tracy for sheer force of belief, a prodigious idea factory, and offering new introductions that reveal opportunities at every turn. Then there’s Bill Bartmann for his decent boldness and sensible approach. Nick Nanton the celebrity brand maker, bursting onto the ‘I will improve your life’ scene with contagious optimism. And finally, like the unknown soldier, we have to thank the superstar sales rep you know who proclaims joyously, “My friends are my clients!”

Thanks for Reading  

Please add your comments below and remember to get updates by email now or get the Honest Intentions RSS Feed, if you haven’t already, so you don’t miss out.  As always, good luck with launching your sales strategy.  

Please Tell People About Honest Intentions  

If you like this article, please ReTweet it with the little green button, or tell a friend.  My blog group has introduced a little tool called Share and Enjoy to make it easier for you to email it to a friend or add it to your favorite social media website.  I hear that if you bookmark it on Delicious or Stumbleupon, that will get more readers here. Many of my thanks in advance for your help. I appreciate it.

 

I’ve been searching for the WoW factor in my business. Maybe you have too! The WoW factor is an exceptional customer experience, a pleasant upside surprise that brings them back. I didn’t know I was searching for it last year, until I met a guy named JT Foxx. I’ve noticed since the new year has turned, many of my customers, partners, and associates are searching, just like me. It gets me up every morning. One of the things that sparked my quest to deliver and receive it was meeting JT Foxx at an entrepreneur’s event. There, I heard some of his coaching sessions with Nido Qubein.

Another WoW factor event happened when JT invited me to join him, his partners Jason Gilbert, and Raymond Aaron at KABC/KLOS radio station during one of his broadcasts. The time we spent in the studio flew. We laughed, cheered, joked. JT created a stir asking off the wall questions like ‘Raymond, should prostitution be made legal?’, Raymond made edifying statements, trying to elevate the discourse.

The radio station field trip impacted me on a profound level, raising my awareness that I need to accept transformational change every once in a while, in order to move my business to the next level; and that the transactional changes that I’ve been working on during 2010 have run their course. If this has happened for you, then keep reading about what Nido Qubein says to an Entrepreneur, JT.

Short introduction for Nido. He is the President at High Point University in North Carolina. He is majority owner for Great Harvest Bakery Franchises. He is on a mission to educate and inspire others. He’s a family man too.

Nido’s Advice to an Entrepreneur

Taking risks is OK, but manage it. Having doubts is OK, but make it right, make a decision, question it, reaffirm it. It’s OK.

JT asks: How is it possible to do what you do, Nido?

Nido Answers:

1. Focus is more important than intelligence. I don’t get off track.

2. Time management is a science, not an art. My first daily task is to do what needs to be done. For me, I initiate activities with my delegates in the early morning, so that they have the day to get it done.

3. I don’t do sit down meetings. I go to my associate’s office.

4. I let my attorney travel to me and pay for the extra time it takes.

5. Email is better than the phone. These emails are about six lines with Yes or No type data points.

6. I have a point person to run the departmental organization, or task partnership.

7. I consider my personality. If I’m on a short fuse, I am wary that it may snap and I let unfiltered comments loose. It is my responsibility to be respectful of others at all times, and not infringe on another’s freedom.

8. As a successful entrepreneur, I keep doing what I’m doing and realize there will be detractors trying to take me down.

9. It’s critical to make time for strategic thinking. An example: “If I didn’t do _______, what is it that I lose?

10. I enjoy helping other people, but I’m not comfortable with the lost time. I like the energy I get from talking with bright people, strategic thinking and planning are of highest importance. Smart people value the quality of the relationship.

11. How are my products and services different from competitors? The way the service is delivered is the key. This is the place I produce WoW factors.

12. I ask myself over and over, ‘Is there a better way?’ Can I combine, blend, layer, shape, organize, or reverse engineer to extract huge efficiencies repeatedly and habitually? Can I do it without diluting the value to my customers, but through improving my power of focus?

JT pointedly asked me “What are your three WoWs you do in your business?” Just off the top of my head, I noted: first, I make my networking and business relationships a win, win, win. Secondly, I watch my financial dealings like a hawk, and thirdly, I keep a journal and habitually spend time reflecting on my responses, decisions, strategies, actions, and future direction. The purpose for these is to become better and better day by day.

My golden nuggets from Nido, JT, and Raymond’s guidance

I need to be true to my word. Stop committing to too much. Just show up. I’ll never know what opportunities will emerge. I have multiple coaches for areas like accountability and improvement. I hire a coach for transformational work. I look for Bright Lights, meaning people that give me inspiration. I do critical actions when my will power is high. I make sure my environment protects me when my will power is low. I seek intentional congruence. I pay attention when procrastinating and stop it. Procrastination is a blessing, because that is nature telling me I’ve reached a limit and I need to ask for help. If I don’t have an assistant, I am one. I can package and sell my ideas. Multitasking is a lie. I can improve my productivity and effectiveness by cutting task switching time. And my favorite: The WoW is the heart it came from.

I discover and create WoW factors today because I know that I’m sitting on a gold mine. Part of extracting the gold is protecting it, taking care of myself. Included with caretaking is working on my 2011 blueprint, and making WoW moments every day. I’ll give you an example from today. I read to my son one of my journal entries written January 19, 2003, eight years ago. In it, I wrote a dream list with 11 items listed. Today, I’ve accomplished nine of those 11 items. I’m still working on the other two. At the time, I had no idea I would accomplish them, or even how I’d do it, but looking back it all seems like yesterday. I have a new list today, and I welcome hearing from you about what’s in your gold mine, and in your 2011 blueprint.

Thanks for Reading  

Please add your comments below and remember to get updates by email now or get the RSS Feed, if you haven’t already, so you don’t miss out.  As always, good luck with goin’ mobile securely.  

Please Tell People About Honest Intentions  

If you like this article, please ReTweet it with the little green button, or tell a friend.  My blog group has introduced a little tool called Share and Enjoy to make it easier for you to email it to a friend or add it to your favorite social media website.  I hear that if you bookmark it on Delicious or Stumbleupon, that will get more readers here. Many of my thanks in advance for your help. I appreciate it.

 

This is the third post in a series of six articles

Why you will be the next person your customer seeks to solve their problem

You may think that making more sales in your business is too challenging, but if you try, actually your prospective customers will thank you for offering the solution they’ve been seeking. And if you just introduce yourself with their needs in mind, then you’re well on your way and you’ll get better sales results.

Find Things in Common

First, you find something in common, making sure that you’ve made a connection. Often I hear people use closed ended questions in the beginning of the conversation. You know, the yes-no type. This is a generally big mistake. Remember the poem from Rudyard Kipling? I KEEP six honest serving men who to taught me all I knew. Their names are What and Why and When, And How and Where and Who. Then you begin to discover your customer’s situation, with some context to build from. Save the yes-no questions for decision time, a very short interval at the end of your conversation.

Have You Tried Paraphrasing?

I’ve used paraphrasing in conversations, where I listen intently to the customer, re-phrase what they are saying with words that will reveal buried meanings and feelings submerged under their statement. This approach works great, and should be studied carefully. These concealed meanings and feelings need to be clear.

Here’s an example . . . when I’m discussing the ImHonest.com product that helps people recover lost valuable gadgets, I sometimes hear a prospective customer say that they never lose anything. Many times I can spur the conversation along a direction pleasing to my goal, by first, acknowledging what I just heard. Yes its admirable that you are careful with your belongings. Can I ask you this, “How do you manage to not lose valuable items.” “I tell you, it’s a habit that I learned from my mother. I just wish that my teenage kids would be better at keeping track of their iPods and cell phones. They rely on me too much.” Here’s the paraphrase that the superstar sales person might use: “It seems to me that if you could help them to recover their lost items, that it would relieve you of a certain burden of replacing it. Am I right?” You’re seeking a deeper level of understanding. The person I credit with learning this approach is Lee Boyan, writer of Successful Cold Call Selling. With their answer of Yes, now I have it going a way that helps both of us. This is just one example of the kind of seeds you want to plant that take root in the form of impressions and memories of events or attachments. Commit to learning it and give it a try.

Get Agreement on the Minor Things, then the Major Things Take Care of Themselves

Make sure you have agreement, and that you’ve empathized properly with their situation. The conversation is lively at this point, because you’re talking about what’s important to them. Next, summarize the benefits and ask more confirmation questions. Here’s a way I do this with the customer, “Yeah, so you’ve told me that it’d be a lot easier to receive a notice later in the same day from ImHonest that someone found your son’s missing iPod and it’ll be shipped to your home via UPS in three days.” These are mini yeses, which seek agreement. It’s kind of like testing the temperature of the water in the hot tub with your foot before sinking your whole body. If you have a complex product or service, it’s a good idea to seek several confirmations on different aspects of your solution. You know, follow up appointment, payment method, delivery date, implementation plan. When you take the time to learn this approach and execute it, you’ll notice that reaching the final agreement, when they say YES to your offer, will be a natural and pleasant conversation rather than a contrived, ill timed, awkward presentation.

It’s time to take off the chill and embrace the thrill of selling. Let me know how you find this working for you.

 

This is the second post in a series of six articles

 You Want
to Float
Above
the Clouds

 

First, Be Friends

The customer is looking for you, the consultant or salesperson, to be friends first. People like to buy from their friends. How would they describe the relationship? Would words like sincere, trustworthy, responsive, considerate, knowledgeable, trusted advisor be characterized? What approach you use will determine how prospects and customers, even colleagues and other business acquaintances view you.

Many Sales Pros Don’t Have a Clue

I do business with many types of people. Sometimes they are customers or clients, partners, affiliates, sponsors, employees, contractors, referrers, suppliers, and vendors. I am amazed that when I ask sales professionals what is your value proposition, they don’t have a clue. In situations where there is a partner and a customer, one needs two different value propositions, expressing different perspectives. How are yours?

Ask your Customer

What I suggest you do in the beginning, when creating a Value Proposition is ask your customer what are the benefits to them of using your product or service. You listen carefully to what is said and work that into your pitch. You do the same thing for other roles, like partners, anticipating the benefits as a different facet of the problem you’ve solved for them. Be sure your value proposition addresses questions like what are the results of the solutions and indicate some sort of economic payback for an investment of time or money.

What a Value Proposition Looks Like

Here’s an example of a value proposition, using the ImHonest solution: When someone loses a smart phone, laptop, or any valuable item, they think about the time and money it’ll take, and the pain to restore the new unit to the same condition as the old one–Applications, configurations, settings, data stores. Yuck. As a result of using ImHonest identification labels on valuables before they get lost, an owner can rest assured there is a good chance they will recover their lost items, through honesty. Our customers will be able to accept the convenient return of their lost valuables, resulting in less downtime, more productivity, and better peace of mind. For $14.95, they can manage six items for a year. The economic payback will be achieved within three days of recovering a lost item, and the whole process is administered through our online web registration site, 24/7 call center, and partnership with over 4,300 UPS Stores.

What are some outstanding value propositions you’ve used in your business?

 
This is the first post in a series of six articles  
 It’s Time
to Chatter

About

Sales

Strategies

How many times have you had a conversation with a salesperson that didn’t work? You may have grown tired, bored, distressed, bothered, or annoyed. You’re thinking “Why doesn’t he now ask me what’s important to me?” Or, you were the salesperson, and you recognized later that you missed the mark. Ouch!

Your career, your company’s reputation, perhaps even our economy’s future depends on you getting better in this area. As a sales person looking to influence others or sell something, your success depends on making friends, having the knowledge, the skill, the expertise, motivation, belief; not to mention the ability to communicate, use empathy, and more.

In my upcoming series of six posts, I will put a spotlight on several aspects of building sales and forging stronger connections with your prospective customers, clients, partners, associates, and the public.

A Look at the Sales Strategies Series

The second post addresses the requirement that you create and communicate a compelling and enduring value proposition. The third piece covers why you’re the next person they’re going to seek to solve their problem. Following that, the fourth entry focuses on secrets of how to attract and grow more revenues from new and existing customers. The fifth notice will show how to ply your value proposition, resisting the squeeze. I’ll post characteristics of great sales professionalism using an example in the sixth installment, and I most likely will continue to periodically address additional aspects of the impact of a great sales strategy.

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