3 classes tomorrow

February 9th, 2010 we will present these three classes:

1.  Coaching For Performance
2.  Coaching Significant Sales Improvement
3.  Beloved Ways To Kill Sales

These are full keynote classes we give at corporate retreats.

Classes available for:

   Sales
   Hiring
   Sales Management
   Management & Leadership

Let me know if you would like me to teach any of those classes next month.

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Can they even see me?

If they can’t see you, you aren’t there.  If they can’t take their eyes off you, there’s no competition.

What is the difference between these scenarios? 

  1. You call 100 prospects in 4 hours and get no response. 
  2. You spend two days deciding who to call, call 3 prospects, and get no response. 
  3. You go fishing.

From a sales perspective, there isn’t much difference.  If you are getting absolutely no response from your efforts, change something.  Experiment.  What can it really hurt if you completely change what you are doing 10% of the time?  Can the response get any worse? 

Get creative.  Here are some things others have tried:

Make a trial approach each week.  Do severe changes or just rearrange the points you make.  Do your normal sales approach almost all the time.  Purposely and dramatically change for  5 or 10 companies.  Do you get a response? 

Call up 10 friends and ask them to critique your approach.  It may be better if they haven’t got a clue about what you are selling or your job. You don’t have to make the changes they suggest.  In addition to getting some good and bad help, you’ll be networking.  They’ll know exactly what you can do and be looking for an opportunity to help you.

Call half the companies you want to get into.  Ask for the person who would be the engineer working for, accountant, or boss of the person you normally call.  If you get HR (Human Resources) that’s okay.  Whoever you get, ask them what problems they are having the hardest time resolving as a company and an individual.  Get a clue before you call the person you really want.  Leave a direct, sharply pointed message about what you found (but protect your source).

Once a week walk down the street in a business park and ask for the owner of each business.  Whether you talk to the owner or the receptionist, tell them exactly what you do.  Take a sincere desire to help.  It can’t hurt.  Ask everyone you meet who they know that can use you, and what their biggest problems are.

Add a recommendation letter to your sales approach.  Get letters telling how hard you work and how much you help.  Make it the first thing they see.  Try an audio or video reference in an email.  It’s bragging when you say it, it’s proof when someone else says it.

Think. Earl Nightingale suggests spending an hour each day with a pencil and a pad of paper just thinking and listing ideas of how to reach your goal. Exercise your brain. You’ll throw most of the ideas away, but you’ll also come up with some gems.  Think.  What can you change that will make you stand out?  What can you do that will draw positive attention to yourself?  Is there any REAL risk?  Probably not.  So try it a few times.  See what the response is. 

Learn.  Do better each week.

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Something To Do Today

Decide what you will do different.  What will you change?  Try your experiment out 5 or 10 times and see what happens.

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5 reasons sales reps don’t sell more

T. Napier points out the 5 main reasons sales reps don’t sell more. There’s a fix for each one.

 
“Why Sales Representatives Don’t Sell More”

Are your sales representatives selling as much as you’d like? There are only two answers to that question —and BOTH can signal grave danger ahead.

If you said “YES” – or if ANY of your sales management team members even THINK the answer is “YES” – then, on behalf of the shareholders of your company, “PLEASE RESIGN, you are NOT doing the job.”

The central task of every manager is to entertain a healthy DIS-satisfaction for things the way they are — to follow and foster the belief that nothing IS or EVER WILL BE good enough and instill that belief in every individual in their charge. The capabilities of your team members — and the capacity of your company — are far from tapped out – and your job is to seek out, identify, develop and exploit those capabilities in pushing the limits of that capacity to greater and greater levels. You know you’re on the right track when your sales representatives say, “No matter how much I sell you always want more!”

If you said “NO” you can keep your job – but there’s still a serious problem.

In fact, if your sales representatives aren’t meeting the numbers you need them to meet, then one or a combination of the following five scenarios is the cause:

1) There’s something wrong with your product or service.

If there is something wrong with your product or service, you obviously need to figure out what it is and fix it. Unfortunately, between now and the time things are repaired, a great deal of unproductive tension will rise both inside and outside of your company. It is of paramount importance that while this is going on, your sales representatives diligently monitor and manage the level of productive tension experienced by everyone impacted by the problem. Add to this the extreme challenge of managing their own levels of productive tension and you have a recipe for disaster. If your customers, prospects, sales representatives and internal staff are ALL too far UpGrid to function productively, your sales results WILL come to a screeching halt.

2) There’s something wrong with your marketplace.

Regardless of whether the challenge is increased competition, a depressed economy, seasonal slumps, a community crisis or any one of countless factors impacting your marketplace there is STILL abundant opportunity for businesses to thrive IF the sales representatives understand that this is an issue of tension management. In these situations, the productive tension your prospects and customers had previously experienced is subordinated by the unproductive tension they’re experiencing about the current state of the marketplace. If your sales representatives don’t know how to reduce that unproductive tension and increase productive tension regarding your products or services, no one will be buying or selling anything.

3) There’s something wrong with your industry.

As was the case with the marketplace, problems with your entire industry present a similar challenge and require the same approach in remedying the situation. Technology? Legislation? Scandal? War? These situations are just a fraction of the things that can and will happen — and all of them have a detrimental impact on everyone’s level of productive tension. To combat the chaos and stop your business from becoming part of the collateral damage, your sales representatives must master the art of tension management.

4) There’s something wrong with your sales representatives.

If there’s something wrong with your sales representatives, then one or both of two things is true: they CAN’T sell and/or they WON’T sell. If the problem is one of ABILITY, you need to take a serious look at four things: knowledge, sales skills, professional experience and support resources. Do they need to understand more about your products and services and the needs within the marketplace? Are the sales skills they’ve been taught truly effective or have they abandoned the training they received? Do they lack experience in dealing with the client situations they encounter? Do they have access to the support they need to do what they’re expected to do? If the problem is one of WILLINGNESS, you need to identify the source of their resistance. Is the problem a lack of desire? Are emotions of anger and fear stopping them? Is there an effective accountability system in place?

5) There’s something wrong with your sales managers.

As was the case with your sales representatives, if there’s something wrong with your sales managers, then one or both of two things is true: they CAN’T manage and/or they WON’T manage.

More often than not, the problem here is one of ability. The vast majority of sales managers have never received any formal training in management, so they lack skills. That in turn makes the sales representatives question the value of their manager, so respect is compromised.

The worst of all scenarios, though is the sales manager who WON’T do what they were hired to do — and while the prognosis is poor, you must still identify the source of their resistance in order to prevent the same scenario from happening again. Is it a matter of burnout? Unrealistic expectations? A lack of support? Or have they lost faith in their upper management team? What’s the remedy?

Once you’ve identified why your sales representatives aren’t selling more, the answer will be a combination of sales and leadership skills training. No matter what challenges a company faces, skills training is the cornerstone of the solution. The only thing that will fix a bad economy is SALES and the only thing that will prevent another bad economy is LEADERSHIP.

As a CMSP (Certified MasterStream Sales Professional) it is always amazing to me that so many companies NEVER attempt to manage productive tension in the sales process. It can cut the sales cycle in half, more than doubling sales.

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Sales Techniques to STOP Using if You Want to Sell More

The differences between top sales professionals and the rest of the crowd isn’t just about what they DO – it’s about what they DON’T do as well! Over the course of more than 20 years developing the MasterStream Method, we’ve identified over two dozen traditional selling approaches that, upon closer examination, cause more damage than good. In this article, we’ll begin exploring several mistakes sales professionals make, starting with:

“Why “Feel … Felt … Found” is a Foolish Thing to Say”

The essence of every sales call is to complete three basic tasks: 1) help your prospect identify a situation in need of their immediate attention; 2) prove you’re the solution they need; and 3) secure their commitment.

This was published by T. Napier at http://masterstream.wordpress.com/2010/01/09/a-lesson-in-selling/

Let’s focus on the first task.

Here’s a common situation sales professionals encounter: Let’s say you’re a financial services sales professional. You’re meeting with a prospective financial planning client and as you’re asking some basic fact-finding questions, your prospect reveals that they are worried about their retirement. There are only three ways you can respond to their statement — you can normalize their concerns … ignore their worries … or pursue their issue.

Traditional selling strategies would recommend that you take the edge off of the prospect’s worries and connect yourself more strongly to your prospect by using the “Feel … Felt … Found” technique. You’ve all heard it – probably even SAID it – before: “I understand exactly how you feel. Many of my clients felt the same way. But by working with us, they found the answers to their greatest concerns.”

So what’s wrong with that?

If you say that – or anything to the effect of, “Everyone is concerned about their retirement” or, “That’s what we hear people tell us every day” or even, “You’ve certainly come to the right place.” you’re normalizing what your prospect is experiencing. Stop and think about it: You’re actually telling them that their situation ISN’T as unique as they thought it was — that you deal with similar situations all the time … that their situation is commonplace. That awareness reduces your prospect’s level of productive tension as it calms their worries. In turn, that reduces the likelihood of your prospect confronting their situation and doing something about it, so STOP normalizing what your prospect is experiencing!

If you completely ignore your prospect’s statement and let it pass by without any acknowledgement whatsoever, you’re communicating that their concern is so unnecessary and their situation so inconsequential that it doesn’t even deserve a moment’s attention. If you dismiss your prospect’s concerns — directly or indirectly — you are robbing yourself of an ideal opportunity to help them solve a problem and could very well be harming them in the process, so STOP ignoring what your prospect is experiencing!

If you want to sell more, remember that whenever a prospect says they are worried about something, PURSUE the SUBJECT in greater detail. Questions like, “What troubles you the most about your retirement?” and, “What’s causing you to be so concerned?” and, “What are you afraid will happen?” are likely to reveal much more useful information, get to the true source of your prospect’s issue and open the door wider for you to be of service to them. The more you support your prospect in focusing on the uniqueness of their situation and the validity of their concerns, the more closely they will listen to what you have to say, the more valuable they will view your solution and the more quickly they will take action on your recommendations.

So, what effect are YOU having on YOUR prospects?

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Great and glorious campaigns, or alcoholism, your choice

My passions were all gathered together like fingers that made a fist. Drive is considered aggression today, I knew it then as purpose.  (Davis)

Great and glorious campaigns

“We all thought Richmond, protected as it was by our splendid fortifications and defended by our army of veterans, could not be taken.  Yet Grant turned his face to our Capital, and never turned it away until we had surrendered,” reminisced Robert E. Lee.

Abraham Lincoln was strongly urged to remove Ulysses S. Grant from command by Grant’s two senior leaders.  Lincoln replied, “I cannot spare this man, he fights.”

Grant’s first job as a General was at a unit that had driven away two other Generals in the previous month.  The unit was insubordinate, untrained and outright rebellious.  Yet they followed Grant.

The year before the US Civil War, Grant was an alcohol abusing store clerk who only kept his job because he worked for his father-in-law.

What changed in Grant? Passion, focus, and high purpose. 

Do you have a career plan?  One that really suits your talents and skills?  If one plan of attack fails are you willing to immediately switch to another?  As the market changes are you ready to take advantage of previously unseen opportunities?  Are you constantly preparing?  

Your passion may be your family, church, job or club. It is probably a combination of them.  If you take the time you spend on your job, concentrate, plan and execute, you can do wonders.  If you slackly fiddle at your desk, give the minimal effort, and expect to have a profit without focused determination, you’ll stagnate.  

Where can you go to succeed?  What can you do?  Do you have to relocate your family? Do you need a new line of business?  A new company? Less lines of business? What can be your great purpose at work?

Acres of Diamonds can give you some directions along that path.

Send an email to bryan@dilts.us and I will send you a free copy of Acres of Diamonds.  Include your full ground mail address.  Tell your friends to get on this mailing list and ask for a copy.  They’ll enjoy it too.

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The single quickest way to a new sales record

I just got off the phone with a salesman who set a record for selling  a complex piece of software in 4 months.  He built a $44M pipeline in 10 months. 

He learned how to set records from a manager who had a goatee, wore a cape, and used a walking stick.  No kidding.  I’ll call this manager The Count.

Bob was calling on medical practices and doing okay when his manager left.  His new manager was the guy with the cape, The Count.  Bob had a bad feeling about it.

The Count called him into his office and started grilling him.  “Bob, who are you going to see today?  Why? You’re going to show them the system?  Can they buy it today?  Is everyone who needs to be there going to be there?  Will they have their checkbook with them?”

Bob was overwhelmed.  He felt pushed around.  Bob asked, “How do I know?  I’m just going in there to do a demonstration.”

The Count said, “It’s easy.  Just call the doctor and say, ‘You and I are going to use a lot of our valuable time today.  I’m going to show you a system that will transform your practice.  Let’s not waste time.  Will you have your checkbook there so that you can buy it?’ ”

Bob took the lesson to heart.  In one month he sold 10 systems.  It set a new record.  The company had to hire more people to help install the systems and train the offices.  Bob was reporting in at the end of the month and The Count asked, “So what happened to you?  How did you set a new record?”

Bob replied, “You know exactly how I did it.  I qualify the heck out of everyone before I even go near their offices.  Every time I step in to see a doctor I expect a sale and the doctor expects to buy.”

Bob has used those lessons for 20 years now.  That is how he set a new record and sold a complex system in only 4 months.  That is how he put together a $40M pipeline in 10 months. And by the way, if you want to hire him, give me a call.

Have a prosperous New Year.  Qualify the heck out of everyone before you spend any time on them.

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5 Skills Innovators Practice That You Don’t

CEO’s at highly innovative companies regularly practice 5 skills tha you don’t.  In a study by BYU, INSEAD and Harvard Business School a distinct set of innovation nurturing activities were found.

A report on the study is here.

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Non-competes that work, and the ones that don’t

Way too much faith is put into non-competes.  They will keep the ex-employee (Ex) out of your firm’s clients if the Ex sees them as reasonable. 

Forget the law, the Ex has to see the non-compete as reasonable.  If the agreement feels too heavy, after 3 months or a year, the Ex will go after your accounts no matter what the non-compete says. The more heavy handed the non-compete, the more likely the Ex will break it.  The worst ones are spit upon by the Ex and immediately disregarded. 

Remember, just knowing the names of the companies you do business with is no help.  Those names are available from the telephone book. The Ex can buy lists from a hundred sources.  It is personal relationships that you want to keep the Ex from using.  And after a year of no contact, those relationships are pretty stale.

As a sales recruiter I have practically never heard a salesperson even consider breaking a non-compete for a year or less that applies only to the companies and people he did business with for his previous company.  They feel inside themselves that it is a moral agreement and they want to be moral.

Whenever the non-compete is more than a year, or if it includes ALL companies and people his old firm did business with, the Ex starts figuring out how to break it and not get caught.  That’s because the agreement feels immoral and unreasonable. 

Let’s take it one step further.  I have seen non-competes that forbid the Ex from contacting any company, subsidiaries, or parent companies, or person the firm has contacted in the last 3 years. Even for a local company, that would keep salespeople from being in sales anywhere in the USA or world because so many companies have multiple sites. I’ve even seen non-competes that forbid you from calling on companies in the same industry as any industry the firm has been in contact with.

Even if you scare the Ex by your legal prowess, the Ex can always kill you behind your back by giving introductions to all the people he knows to your competitor.  If it happens you will probably be unable to find out.

So stop running scared.  If knowing a name is the only thing that keeps your competitors out of your clients, you have a bigger problem than worrying about your Ex stealing accounts.

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5 best ways to stand out in your field

If I get another email from a coach telling me how to stand out, I’ll scream.  Each one wants $200-$9,995 to help me become different just like all their other clients. 

Reader’s Digest version of all the email is:

Market Differentiation — Develop a reputation as a specialist in their particular industry.

Program Differentiation — Offer uncommon subjects that are vital to your clients, or more common subjects that have been customized specifically for their industry.

Service Differentiation — Offer uncommon services that are vital to your customers, or more common services that have been customized specifically for their industry.

Style Differentiation — Deliver your programs and services in a distinctive manner that appeals to the industry you’ve chosen to target.

Image Differentiation — Establish a unique brand that is both attractive and memorable for your clients to keep you in a top-of-mind position.

Got it? The whole article is here.

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Why some salespeople never make a $100,000 base

Salespeople call me every day about getting a better job.  When I ask them what base they are earning they usually say anything from $24,000 to $60,000.  There are a few who say $100,000 or $250,000. 

I always ask salespeople how much they want to have as their base salary in their new job.

The ones at the bottom of the heap focus on the base salary.  They have to have $50,000 to survive.  They might take a $40,000 base if they can be sure of earning an additional $20,000 their first year.

The folks at the top always say, “I don’t care.  I want a great opportunity.  I want to realistically be able to earn $200,000 or $500,000.”  When I press them they admit they do need a base salary.  But then they immediately switch to talking about opportunities, industries, markets, and companies.  The big dogs look at a market and size it up quickly.  They want to know if they can really blow the doors off of their quota. 

The guys at the bottom and middle focus on their base salary, their inability to travel, the competition – they focus on limitations.  They want to be comfortable.  They work very hard.  But they would rather have a well defined market that is penetrable.  They want a proven chance to earn what they are comfortable earning.

Do you see a huge difference in attitudes, desires and goals?  The big dogs refuse to talk seriously about a limited opportunity.  They have to know their company can support them in earning $500,000.  The rest of the pack is looking for a company that can prove they can earn $70,000 a year, or $100,000 if they blow the doors off their quota.

Is that the only difference?  No.  But it is a huge one.

————

Tuesday December 8th I will be doing free seminars on

1. Make strategic change Stick

2. Get salespeople to kick their own…

3. MasterStream – Sell boatloads more in half the time

These are the full keynote classes that clients fly me in to teach. 

You can click on the class name above for more details.

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