Category Archives: Blog

Your Customer’s First 30 Days

Your customer is no longer a prospect. They have placed an order with your company. A lot is riding on this initial order. And a lot is riding on what happens within the first 30 days of working with you. They are very impressionable Here are a few things to consider:

1. They don’t really know you. Yes, they got to know you a little before placing the order, but they are still a little anxious. Perfect opportunity to make them feel comfortable.

2. They don’t know how and when you are going to be in touch with them. Tell them. Reassure them that you will be reaching out to them. Give them a schedule.

3. They don’t want to annoy with dumb questions. Another great opportunity to reach out, after aniticipating what questions and concerns they might have.

4. They don’t know anyone but you. Introduce your team, not only by name and function, but how they will help them. Have your team members call and introduce themselves.

5. They don’t feel that you know their team. Take it upon yourself to learn all about their team. Team member’s names, functions, history with the company, etc.

6. They don’t think you know enough about their customers. Suggest that you spend a day visiting their location, learning everything you can about their customers. Listen in on customer calls, go on customer sales calls, interview key team members, etc.

7. They don’t know what they don’t know. Set up a regular telephone call once a week for the first month where they can ask any question and you can bring up ideas and suggestions.

Don’t let them wander. Anticipate their questions. Put yourself in their shoes.  Listen to their concerns, and learn and adapt for your next new customer.

Keep this new customer close by. You don’t want to lose them because you weren’t paying attention.

Shaking Hands: Please, No More Dead Fish!

I attend a lot of business and social events, and meet a lot of people.  I am amazed at how differently people will shake my hand. Some people come across as confident or down-to-earth. They show a certain amount of warmth in their handshakes. But there are other handshakes that are just terrible, and really undermine the person’s credibility. Let’s take a look at some I regularly encounter:

1. The Dead Fish. No explanation needed. This may be the worst of the lot.

2. The Vise Grip. Uh-oh. Virility issues.

3. The Pump. Up and down, and up and down. Yikes! Let go!

4. The Two-fister. They’re not happy with using just one of their hands. They wrap both of their hands around your hand. Look out. Major control-needs are on display here. Check to make sure you still have your watch.

5. The Two-fister – variation. They shake your hand with their right hand, and grasp your forearm with their left. Serious control issues are lurking here.

6. The Dainty Fingers. Instead of wrapping their hand around yours, they wrap around your fingers. Very 17th century France.

So, you want a firm, but not overbearing handshake. Shake their entire hand, not just their fingers. And, be sure to make eye contact when shaking hands.  Let them look into your eyes to see your sincerity and confidence.

Getting Your Customers to Love You

Love. Who knew it was such a successful business strategy?

What sort of relationship do you have with your customers? Is it a business relationship, where you are prompt, effecient and accurate? That’s not enough, these days. It’s got to be more of a personal relationship, where you show that you care about them as well as their business. Do you know their birthday? Do you know the names of their kids? Do you send them handwritten thank you cards? Simple stuff, right? Only if you do it.

Customer loyalty today is very fragile. It’s easy for customers to migrate from one vendor to another. Except if they love you. Then, it’s difficult, if not impossible, for them to even think about “dating” a company besides yours. You need to tell them how much they mean to you, and how much you like working with them. It’s not difficult, and it only takes a few seconds to say it or write it. The good news is, in all probabality, your compeition is not doing any of this. They are taking their customers for granted, and those customers know it. It won’t take much effort on your part to steal these customers away from your competition. Once they love you, they will remain loyal.

Get going. Start showing your customers how much you love them. They’ll reciprocate in no time.

Price resistance? Bring it on

How do you see yourself when explaining your price to a customer? How do you react when they say it’s too expensive? For many of us, it’ can be an unpleasant feeling. A sense of dread. Or, sometimes we get a little defensive. “How dare you question how much I am charging you for this. Can’t you see that it’s worth it?” We might feel better, but we’ve probably blown the sale. Let’s try recalibrating, and focusing on the process.

When a customer resists our price, they are telling us that we haven’t convinced them of the value of our product or service. They are giving us another chance. “C’mon. Try again. Convince me.”

They are almost ready to buy. They like it, they just want to be convinced. I know that when a customer tells me that my price is too high, I am on my way to getting a sale. “It sounds like price is the only thing we need to discuss. Was there anything else besides price getting in the way of the sale?” They rarely bring up anything else. So now I know that if I can work out the price, I have a sale. But I don’t want to give it away. So first I start by revisiting the value of my service.  I show them how they will benefit from hiring me. I will also ask them about their budget. After all, I have given them my price, they should be willing to share their budget, and mostly they do. If it’s clear that they cannot pay my asking price, I’ll start scaling back my services to match their budget.

Dealing with a customer’s price resistance doesn’t have to be scary. Remember, what they are really telling us is that we haven’t sold them yet. So, let’s make them happy, and sell them our product or service.

Referrals are your best friend

Repeat customers are invaluable. They pay the bills, and keep you in business. But referrals are how you expand your business. Referrals are the lifeblood of your business, letting you survive and, in some cases, thrive. Everyone agrees on the importance of referrals. However, most salespeople rarely ask for referrals, even from their most loyal customers. “I don’t want to be a pushy salesperson.” Good. I don’t want you to be pushy either. I just want you to be successful.

Here are a few suggestions about getting referrals. First, ask your customer to refer you to a specific person. This helps focus your customer. They don’t have to think about it, they can just act on it. If you have a good working relationship with them, they won’t hesitate in referring you. Second, ask your customer to contact the referral for you, giving them your name. You are doing this to make sure they take your call. Third, after you contact the referral, loop back to your customer and tell them what happened, especially if you got business from the referral. If they have been part of you getting business, they will love hearing about it. Allow your customers to celebrate in your success.

Don’t  be afraid to ask for referrals. It’s a normal part of doing business.  If you’ve done a good job for a customer, they will be glad to recommend you.

Stop Selling Price

“My customers will only buy if I lower my prices.”

Really? Are you sure? I hear this frequently from participants in my training workshops, and it always leads to a healthy conversation about whether they are selling price or value. It also leads to a conversation about assumptions the salesperson might be making about what the customer is able to pay, as opposed to what they want to pay.

I started my training business in 1987. One of my first assignments was to help a VP of Sales plan her first national sales meeting. I met with her on a Friday, where she outlined the project, and asked me to give her a price on Monday. I agonized over what to charge her. Back and forth, up and down. I finally settled on a price. When we spoke that Monday, she asked me what the price was. I told her, and she said “Okay.” I knew right away I had undercharged her. I wasn’t confident enough in the value I would bring her. Instead, I was selling price. That was a very valuable lesson for me, one that I never forgot.

Sales Managers: It’s Okay to Coach Your Salespeople

 

Selling is a challenging endeavor. And if I am a sales manager,  responsible for a group of salespeople, it gets even more challenging.  I am pulled in a lot of directions. I have multiple priorities. I have to adapt to the personalities of my people. I have to keep the peace. All of that and more. My one main responsibility as a sales managers is to help my people perform. Coaching should be one of my strongest skills. However, research from the EcSELL Institute in Lincoln, Nebraska, shows that almost 90% of Sales Reps want their Sales Manager to have strong coaching skills, but only about 6%  of the reps believe their managers possess those strong skills. Why? What;s causing this gap?

First, it’s easy for a sales manager to get bogged down with the administrative minutiae that comes with the job. Sometimes, they hide in it. Second, it’s a question of finding the time that both you and your people can meet 0ne-on-one. Third, and I think most important, some managers are afraid of coaching. They see it as a difficult task they would rather not have to do. They rationalize this by thinking “I hired strong salespoeple. They should be able to make it on their own.” This is faulty thinking. Each of us can benefit from coaching. Learning new approaches, gaining insights, establishing account strategies, etc.

Relax. Take a deep breath. You can do this. It’s just a conversation to help someone else. It’s simpler than you think. And don’t forget, your reps want you to be good at this. The more you coach your people, the less they will need it. You and they will develop your own personal short hand, alloowing you and your people to burn through a productive coaching session in no time.

Quit Using the 30-second Elevator Speech!

Years ago, when I was first starting out in sales, I was taught that I needed to have a 30-second elevator speech.  Not just me.  Everybody was taught this. It’s still drilled into salespeople: “Have a clever and concise way of describing you and your business.”   The 30-second speech was originally created in case we suddenly found ourselves in an elevator with our CEO. We would be able to say in 30 seconds who we are, what we do, and what successes we are having. That idea evolved, and it is now a mainstay of salespeople everywhere. It’s a great idea that has gone way off-track, and has become counter-productive.

In today’s business environment, the 30-second speech is a gold standard in networking. We are expected to have at least one, if not many, 30-second speeches to deliver at a moment’s notice at a networking or business event. So, what’s the issue? Simple. These speeches have evolved into contrived communication about who we are and what we do. Most of these are over-prepared, over-rehearsed speeches that miss the target. They don’t connect with the audience. Somewhere along the way, we got so focused on being clever with our words that we forgot we were speaking with a person. The focus of the 30-second speech was us, and not the person we were meeting for the first time.

The next time you go to a networking event, pay attention to how people introduce themselves to you. Do they sound sincere, thoughtful, attentive, interesting? Does what they say encourage you to listen, or do you want to walk away?  I hear a lot of bad 30-second speeches, and I feel sorry for these folks, because I know they have put a lot of time and thought into how they present themselves. But the speeches don’t help people connect. In fact, many times, it’s the opposite. They push people away from us.

We need to be clear and concise in describing who we are, what we do, and how we help others be successful. But we can and must do this in an approachable, conversational way.

So, let’s retire the elevator speech, and stop sounding mechanical. Let’s get rid of the “I solve problems that people didn’t even know they had,” type of speech. It’s time to re-connect with people. Yes, we still have to be compelling and passionate about who we are and what we do.  We just need to do it in a way that is conversational, not robotic.

5 Selling Mistakes We Can Avoid

1.  We shouldn’t expect prospects to buy from us if we aren’t proud of what we are selling. We need to speak about our product or service with emotion, letting prospects and customers know that we are “excited,” “passionate,” and “thrilled”‘ about what we sell.

2.  We shouldn’t expect to get business if we don’t ask for it. It’s the number one reason we don’t get business. Part of this is sales call reluctance, or not wanting to be in sales. Another reason is when the salesperson is convinced the prospect wants to buy and waits for them to say so.

3. We shouldn’t expect our business to grow if we don’t generate and pursue leads. Whether we call it the funnel or the pipeline, we need to be  constantly filling it with new prospects. All of us have had that scary experience of suddenly realizing that our current business is about to run out, and we have nothing in the pipeline.

4. We shouldn’t expect our customers to stay loyal if we don’t follow up. It sounds simple, doesn’t it? But we lose a lot of business by not doing what we promised.

5. We shouldn’t expect our prospects to accept our prices if we can’t explain them. We need to be totally comfortable with the price and value of what we sell.

How to Coach Your Customers

Everyone in sales dreads hearing the following from a customer: “I’ll review this with my boss. I know he’ll go ahead and place an order.” We dread it because we know the sale is very likely going to die. The good intentions of your contact are just not enough. When the boss says “This is very expensive” your contact will not have enough information to overcome this objection.

The best solution is for you to present it to the boss, but this usually won’t happen. Senior people are insulated deep within their organizations and don’t have the time or desire to meet with you. They rely on others for information.

So, back to your initial contact. It’s time to make them into one of your salespeople.

  1. Start by understanding your contact’s mind-set. They are certain that if they merely tell the boss to buy it, he will jump at the chance. Mostly, this isn’t the case.
  2. Urge your contact to invest a few minutes with you, learning key selling points about your product. Do this carefully. Remember, they think they know all of this already.
  3. Get agreement from the contact that your product would be beneficial to their company. Review the benefits with them. Recommend that they write them down, and have them handy when they meet with the boss “just in case.”
  4. Go over what to say in case the boss raises price objections. Engage your contact in this discussion; don’t just direct them.
  5. Compare your product with what they are currently using. Is it faster, sharper, more accurate, longer-lasting, etc.? Have your contact write these comparisons down as well.

There’s no guarantee that coaching your contact will lead to an order. However, if you don’t coach them, you definitely reduce your probability of success and your sales rate.