25
SELLING SKILLS

Selling Skills - consolidated

Embed Size (px)

DESCRIPTION

Consolidated selling skills advice from various blogs and resources

Citation preview

Page 1: Selling Skills - consolidated

SELLING SKILLS

Page 2: Selling Skills - consolidated

ContentsIntroduction.........................................................................................................................................3

Planning...............................................................................................................................................4

Presentation Skills...............................................................................................................................6

Listening...............................................................................................................................................7

Asking questions...............................................................................................................................7

Relationship Building..........................................................................................................................9

Objection Handling...........................................................................................................................11

Persistence..........................................................................................................................................12

Page 3: Selling Skills - consolidated

Introduction

The foundations of most modern sales techniques lie in five stages of action. These began in the 1950's and include:

1. Attention: You have to get the attention of your prospect through some advertising or prospecting method.

2. Interest: Build their interest by using an emotional appeal such as how good they will look to their boss when they make this deal that will save the company thousands of dollars!

3. Desire: Build their desire for your product by showing them its features and letting them sample or test-drive it.

4. Conviction: Increase their desire for your product by statistically proving the worth of your product. Compare it to its competitors. Use testimonials from happy customers.

5. Action: Encourage the prospect to act. This is your closing. Ask for the order. If they object, address their objections. There are then many variations of closing techniques that can help get the business.

There is a plethora of closing techniques that range from hard sell to soft sell and everything in-between. Some of these include:

A Direct Close - Simply ask for the order when you are sure your prospect is ready. A Deal/Concession Close - Using this closing technique gives the prospect the feeling

that they are making a smart choice and saving money (or getting more value). Use it with phrases like "Order today and I can add this other module for only 10 percent more."

A Time-Driven Close - This one works well with statements like, "prices are going up next week, so you should go ahead a let me place your order today."

Trial Offer - You can let the prospect use the product at no risk for a trial period. This works well if you're selling products that make people's lives easier. They aren't likely to want to give it back if it has saved them a lot of time and effort during the trial period. On the other hand, if they haven't had the experience with the product you told them they would then you probably won't get another chance.

Many more closing techniques exist, but we're going to focus on one of the more successful techniques for building a large and loyal customer base. That focus is, once again, Relationship Selling. Read on to learn some of the ways you can help your staff develop solid relationships with their clients that will build sales and benefit the client.

A key to successfully sharing and selling a product, service or idea, is to ask questions and then listen quietly and carefully to the answers. Many of us try too hard to convince people to buy instead of discovering what our future customer or client really wants, needs and desires from us.

To succeed in sales remember these three listening and relationship building skills:

S – Sincerity – Listen without an agenda, it’s not about your needs.

E – Ethics – Don’t try to talk someone into something, listen to what they want.

Page 4: Selling Skills - consolidated

A – Asking – Serve others by asking questions that will assist them in making a wise buying decision.

Building win-win relationships means remembering that it is not about what we want but what the other person wants. Here are three relationship building skills that when used regularly will have you increasing sales and creating satisfied loyal customers.

Page 5: Selling Skills - consolidated

Planning

Without a consistently full pipeline, you will struggle to meet your sales targets and goals. You will experience peaks and valleys and experience a great deal of frustration.

Unfortunately, very few companies actually teach sales people how to prospect effectively. And the vast majority of sales people rely on just a few prospecting methods such as cold calling or networking.

However, there are many other ways to drum up new business including; asking for referrals, approaching customers who haven’t purchased from you recently, speaking at industry conferences, writing articles, joining associations and actively participating, looking for additional opportunities to sell deeper into existing customers, conducting face-to-face cold calls, and arranging weekly coffee, breakfast or lunch meetings.

The key is to dedicate a significant amount of your weekly schedule to prospecting activities regardless of how long you have been in business or in your sales role.

To succeed in sales you need a plan.

You need to be organized.

You need to be able to outline your day, week and monthly schedule in order of priority.

You need to juggle the demands placed on your time because it is virtually impossible to get everything done that you need to in a given day.

This includes contacting your most important and valued customers first and investing more time with them than your low-value accounts. It means managing your time so you focus on completing the most important tasks first (i.e. prospecting) rather than spending time on things you enjoy doing.

Lastly, sales people need to have focus.

There are a multitude of distractions that threaten to challenge your focus. Email, telephone calls, text messages, problems, paperwork, and traffic are just a few.

Being able to maintain your focus on the big picture as well as the smaller details can make the difference between success and failure.

This also applies to each sales call and meeting. Determine the key objective for each call and focus on achieving that objective.

Selling in today’s hectic and complex business world requires tremendous effort and energy. It is highly competitive and stressful. However, you can improve your results and achieve a much higher return on your investment by developing and applying these essential sales skills.

Whether you're selling an idea, a project, a product, or even a job in your organization, you must enter that situation with an expert understanding of your audience, and of what they care about.

So effective selling means lots of preparation, meaning that much of your work will come before your speak to the people you're selling to.

Follow these tips to help in your preparation process:

Page 6: Selling Skills - consolidated

Identify your target audience – With whom will you speak? Is it your boss, a key client, or your team? And is just one person involved in the purchase, or do you need to influence other stakeholders in his or her organization?

Identify key drivers – You must understand what's driving your audience. For instance, if your organization's goal is to increase profits by 10 percent this year, how will your product/idea/project help them accomplish that goal?

Identify the language that people use – If you're addressing a technical audience, be prepared to present using technical language and ideas. If you're selling to finance people, use numbers and data to craft your message.

Determine exactly what you're "selling" – Is it a new feature that you want added to the company's payroll process? A new product idea? A new reporting process for your department's most important client? Identify what it is, and learn as much as you can about it.

Connect your audience and your product with benefits – Great marketers and salespeople understand that there's a distinct difference between features and benefits. This is because your audience cares about only one thing: "What's in it for me?" So, it's crucial to know the key differences:

Features are what your product or idea does. For instance, the new accounting software you want everyone to use is fast and easy, and it has real-time reporting. These are the features of the software.

Benefits are what those features mean to your audience. For instance, the accounting software's benefits are that people will have more time to do other tasks, they'll be less stressed when they're using the program, and they'll get up-to-date information from the system.

Features are boring, and people have to think quite hard to see the possibilities within them. But when you translate those features into benefits, you make an emotional connection with your audience.

When you're doing your pre-meeting preparation, focus on identifying the benefits of your idea or product, so that you can communicate that information to your audience.

Understand the needs of your target audience – Identify problems that your product or idea will help solve, and needs that it will address. This will directly impact the way you pitch, or sell, your idea. If you're speaking with people who are not in your industry, make sure you use words and terms they can understand.

Highlight your Unique Selling Proposition (USP) – People buy the best possible solution that meets their needs and their budget. Make sure that you highlight what makes your product, idea, or project uniquely relevant to them.

Page 7: Selling Skills - consolidated

Presentation Skills

Two aspects of presentations need to be considered:

A. The content. Too many sales people include far too much information in their presentations and open them by talking about their company instead of the buyer’s situation. Resist the “include everything but the kitchen sink” approach and only discuss the aspects of your offering that are critical for your prospect to know.

B. The verbal presentation. Consider your pace, timing and actual delivery. The more important a potential sale is for you, the more critical it is that you verbally rehearse that presentation. Watch your body language, gestures, and facial expressions.

The best way to improve your presentation skills is to video-tape a presentation and watch it afterwards. It can be painful to watch yourself in action but it is the most effective way to see how you actually deliver a presentation.

Page 8: Selling Skills - consolidated

Listening

Listening sincerely and without an agenda. The buying process is not about you and your wants and needs, it is about the customer. Too many of us come to the sales table with our own agenda. We are sometimes too busy thinking about quotas, promotions and commissions. It’s not about us, it’s about the wants, needs and expectations of the prospective buyer.

A sales person with an agenda tends to push too hard and often doesn’t listen well. Leave your agenda at home. Sincerely focus on your customer and how your product can best serve their hopes, dreams and goals. Zig Ziglar said it best, “You can have everything in life that you want if you just give enough other people what they want.”

Don’t talk someone into something, allow them to make their own buying decision. Doing what is right for everyone involved is the ethical thing to do. I’m reminded of a phrase from Dale Carnegie’s book, How To Win Friends and Influence People, “A man convinced against his will is of the same opinion still.”

Your role in the sales process is to present your product in a clear, concise and truthful manner—with integrity. The best customer is the customer who can make an educated decision based on what is best for them. A loyal customer is an educated customer. You are not in the convincing business, you are in the sharing business. Your job is to ethically offer the product, service or idea, explain the benefits and answer questions. Your customer or client will then make a buying decision based on the information they’ve been given. Making the sale is about asking questions, answering questions and building a trustworthy win-win relationship.

Asking questions

You can serve your client/customer best by finding out what they want, need and expect from what you are offering. Sometimes, we are so excited to share everything we know about what we’re offering that we forget it is about your potential customer’s expectations. What is important to you may not be important to them.

I’m reminded of a story: A young mother just starting out with a large network marketing company was excited and eager to share her business with other stay-at-home mothers. She was having coffee with a potential recruit as their children played near by. The young mother was eagerly showing her products and explaining the business potential. She went on and on about how she could stay home with her children and didn’t have to leave the house to conduct business.

The mother who was listening seemed to suddenly turn off her interest and attention. When our eager young network marketing mother asked her friend to join her in the business, the friend replied with a resounding, “No,” The business-building mother was shocked and saddened, “Why?” she asked. “Because,” her friend said, “I want to be able to do something that allows me to get out of the house and socialize with other adults.”

Moral of the story: Ask questions and listen. Don’t assume that what is important to you is important to your future customers.

Page 9: Selling Skills - consolidated

Successful selling isn’t about what you want, it is about how can you best serve the needs of your customers and clients. Coming from a sincere place of service, will help increase sales and develop loyal client and referral base.

Keeping the three elements of SEA (Sincerity, Ethics, Asking) in mind, you can easily and effortlessly find new customers and clients who will want to do business with you now and in the future. Selling your service, product or idea is about doing the right thing for everyone involved – it is about building win-win relationships.

Although this sounds like a fundamental concept, the majority of sales people I have encountered over the last 15 years fail to effectively execute it.

Many sales people ask low-value questions that do little to engage their prospects in the sales conversation. Examples include:

“Are you the decision maker?”

“What’s your budget?”

“What do you know about our company?”

“Are you interested in saving money?”

“What are your needs?”

Unfortunately, too many sales people still ask tired, out-dated questions like these. As a result, they fail to differentiate themselves from the competition or demonstrate their expertise.

True sales professionals know how to ask high-value questions. Questions that encourage their prospect to share details and information about their business that, in turn, will help the rep effectively position their solution. High-value sales questions can transition into tough, penetrating questions. Questions that make your prospect sit up and think. Questions that cause them to say, “That’s a good question.” Questions like:

“What goals are you striving to achieve this quarter?”

“What challenges are you experiencing trying to reach those targets?”

“What are those problems costing you in terms of lost revenue, customers, market share, etc.?”

“What impact is that having on your business? On you?”

“How important is this project compared to the others on your plate?”

“What could potentially prevent this from moving forward?”

“What internal challenges do you need to deal with before this project gets the go-ahead?”

When you develop the ability to ask high-value questions, you will stand out from your competition while also learning more about your prospect’s specific situation.

Page 10: Selling Skills - consolidated

Relationship Building

Developing a connection is still important in today’s sales environment even though we rely heavily on technology. People still buy from people.

Creating rapport with someone means connecting with them.

This does not mean that you talk about a photo on the desk or an award on their wall…that approach is severely outdated.

Instead, you need to be able to speak your prospect’s language. You need to demonstrate that you understand the business problem they face.

For example, if a client has experienced a significant decline in their profit margins due to changes in the marketplace you need to be able to talk about that problem—intelligently.

When you execute this properly, you not only develop rapport with the other person, you also position yourself as an expert.

You can also establish rapport by outlining the goal of your sales call, confirming the time that’s been allotted and then finishing early. No one will EVER complain about a sales meeting finishing early!

Did you know that it costs more than five times as much to get a new customer as it does to keep an existing customer? That in itself should help you understand the value of building a relationship with your customers and turning them into both repeat buyers and spokespeople for your company. Word of mouth referrals are still one of the best ways to make new sales. If Joe tells Ed he got a great deal from Joanna at XYZ company, then Ed is more likely to go to Joanna and also buy (or at least be receptive if Joanna calls him to set up an appointment.)

Relationship selling is all about building a friendship or relationship with your prospects and listening to their needs. Once you've built that relationship, shown you care, and earned their trust, you are on the road to making them a customer. Knowing their needs and finding out their secret fears (for example, your client may confide to you, "If I can't make this project work within budget, my boss will probably replace me!") can help you find solutions for them that are exactly on-target with their needs and build an even stronger relationship. With a relationship in place, working out details is a breeze. Those details become obstacles if you don't have the existing relationship.

As a client, some of my best experiences with sales people were with those who honestly listened to my needs, and showed an interest in more than just the business. They came in with a low pressure, open, and honest approach and won my business. I didn't mind setting up appointments for their visits. I looked forward to them. It was low pressure and friendly. My company received good service, good prices, and everyone was happy. I knew they would react quickly if I had problems or emergency needs. So, when competitors called, I quickly told them we were happy with our current vendor - even if they may have been able to give us a better price! That's part of the power of relationship selling!

Most people react negatively to high pressure sales. In relationship selling, high pressure is not typically part of the equation, simply because it's hard to have a friendly relationship with a client who feels pressured by you. In relationship selling, you become a form of support for

Page 11: Selling Skills - consolidated

your clients. Your services or products become something they depend on, and the more you can suit their needs and make their jobs easier, the better they will respond to additional sales offers. You'll also find that relationship selling benefits companies that offer products in very competitive markets - particularly if there isn't a lot of difference between products!

Maintaining Customer Contact

Part of relationship selling involves maintaining regular contact. If you neglect a client who has trust in your integrity as a person and as a salesperson, that client may finally be forced to turn to your competitor. (Who has probably been calling regularly to get their business.) So, make sure you not only build the relationship, but keep regular contact and keep all channels of communication open. Make available several methods of contact for any type of emergency need. Or you may find that, in an emergency, your client was forced to contact that persistent competitor and discovered that, "Hey, he/she's a nice person too! And their product is maybe even a little better! Hmmmm!" So, the lesson is, make sure you maintain contact and are always accessible to your clients, or you may find yourself having to replace them!

An important part of relationship selling is also having the technology available to manage and maintain those relationships. That often comes in the form of contact management software or a good Customer Relationship Management (CRM) system. We'll talk about that a little later in this article.

A new sales technique that has recently surfaced involves spending significant sales time only with those prospects who offer the highest probability of a sale. Arriving at that determination involves asking pointed questions and letting the prospect do the majority of the talking. The approach is to focus only on prospects who need your product, want you product, and can afford your product. Rather than using the effort trying to turn a low probability prospect into a high probability prospect, you focus your efforts entirely on the high probability group.

Determining who is high probability is done through a series of questions that require positive answers. If at any point, you don't get the answer you need, you end the meeting, thank the person, and leave. You don't waste your time and/or your proposal department's time on putting together a proposal that you know won't be accepted. Now, just because the prospect states that they are not interested, doesn't mean you pack your bags and leave. If they've answered all other questions with the right answers then you can continue the line of questioning until you determine without doubt that they will buy. This means you never ask for the order. If you've done the questioning (interview) session right then when it is completed you and the prospect have come to a meeting of the minds and the logical next step is that they will place an order. Your series of questions has eliminated any objections (or else you have already said goodbye and left!).

Rather than trying to manipulate the prospect and get them to do something they don't want to do, you are letting them come to the decision that it is the right thing to do. You are laying the foundation for a mutually beneficial basis for doing business.

Page 12: Selling Skills - consolidated

Objection Handling

Objections are a natural part of the sales process. However, how you respond to them can make or break a deal.

First, it is essential that you outline the objections you hear most frequently. Then determine the most appropriate rebuttal. However, before you respond follow these three short steps first.

1. Empathize. This means verbally stating that you understand, respect or appreciate the other person’s concern. “Mr. Smith, I understand that you have budget issues to deal with.”

2. Clarify. Restate the objection back to the prospect in your own words to ensure that you clearly understand it “So you see the value in this product, it’s just that the purchase exceeds the budget you had allotted, correct?”

3. Seek permission. Ask the other person for permission to offer a solution. “Mr. Smith, would it be okay if I took a minute to discuss a few options?”

Follow this process and you will find that most people will be more receptive to hearing your solution.

Page 13: Selling Skills - consolidated

Persistence

If you want to achieve long-term success in sales you MUST be persistent. However, there is a significant difference between being persistent and stalking someone.

Persistence means finding creative ways to keep your name in your prospect’s mind.

Persistence means not allowing the first few no’s to prevent you from pursuing high-value, legitimate sales opportunities.

Persistence means asking for the business, the appointment, or the right questions when necessary even if the prospect is going in a different direction.

Be so persistent you get criticized for it. In life and in business, especially sales, you won’t become successful if you never get criticized. Follow up on customers so much that they actually complain about it, and once they do, keep following up until they admire you for your persistence. If you believe in your product, company and yourself, then you will be willing to insist—and risk being criticized for it.

Page 14: Selling Skills - consolidated

TIPS

Listen to the emotional side of your prospect or client: Emotions are tied into almost everything we do even if we don't realize it. Your client may mention off-hand that they are really stressed-out about a particular project they are working on (even if it doesn't relate to what you're selling them). Make a note of this and see if there is anything you can do to assist them. You may have another client who had a similar dilemma and found a good solution. Make those connections and help where ever you can. You'll be rewarded with loyalty from all of your clients.

Focus on your prospect or client's needs: We've talked about it before, but it's worth mentioning again. You may be tempted to sell your client your top-of-the-line model gadget when they really only need the mid-line model. By selling them more than they need, you may be cutting off future relations with them. Once they realize (and they will eventually) that they don't need most of what you sold them, they'll feel bitter and resentful toward you for wasting their money and not looking out for their best interest. They'll see you as a "salesperson" and not as a resource.

Use language that focuses on your prospect or client: Simply changing the way you speak may also make a difference in how you are received by your prospect. Using "you" and "yours," or "you'll find..." rather than "I think" or "Let me tell you about," brings your message a little closer to home and may grab their attention more quickly.

Help your prospect see the bottom line: If you know your product can help clients save money, or increase profitability, then make sure they understand that. Your product may have an edge in that it includes features that save time. Time is money as the saying goes, and if you can save time your can often sell your product.

Find out your prospect's priorities: You can save yourself a lot of wasted time and effort by simply knowing how important your product and its benefits are to your prospect. If you've listened to them and determined the need, but still aren't getting anywhere, find out if there are other elements of their business that are taking priority and pushing your sale aside. If you know they have to implement a program before they can spend time considering (or funds purchasing) your product then you can schedule a call back at a later date that may stand a better chance of getting some attention. To do this you have to ask the questions because the information is not always volunteered. (Again, the key is focusing on the needs of your prospect, and having an open relationship already in place.)

Know your prospect: Find out as much as you possibly can about your prospect before your appointment. This will not only help you anticipate their needs ahead of time, but will also show them you've done your homework and have an interest in their business other than just selling your product. When talking with them, let them do most of the talking. People usually love talking about their businesses and its successes. For example, you might bring up the fact that you saw they won an award at a regional meeting then let them proceed to fill you in on the details. You might also compliment them on the efficiency of their production system or the quality of their products. This will also open the door to more conversation and the opportunity to learn more about their needs and how your product will fit those needs.

Focus on why they should buy - not their objections: The idea here is that while you are building up the benefits associated with using your product, they will be minimizing their resistance to it. By focusing on what you know the prospect likes,

Page 15: Selling Skills - consolidated

you are building up the importance of the positive and reducing the importance of the negatives.

Sell the benefits - not the product: You've heard this one before, but it is worth repeating. In most cases, you're not selling your product, you're selling the benefits the product will produce. In other words, you're not selling digital phones, you're selling the ability to communicate from anywhere. You are selling freedom to leave the confines of the office and still be accessible. You're selling the ability to have a more flexible work schedule. You're selling peace of mind for long trips. You're selling security. Get to the emotional or financial benefits and you're on to something!

Never rush the sale or the customer: Remember the section about building a relationship with your customers? This is a very important step. It can help give the prospect the right perception of you and your company. Rushing them instead of letting them come to their own decision to buy can create hostilities that can't be overturned. It can make the difference between getting the sale and creating a loyal customer, and having to start over with another prospect. In the competitive climate of many markets, you definitely don't want to risk losing a qualified prospect who you know needs your product.

Know your products, as well as the market - be a RESOURCE: In order to be seen as a valuable resource for your clients, you have to demonstrate that you not only know and understand your products and the market, but can assist them in making good decisions and provide them with tools to improve their business. If you don't have these skills and knowledge, get them. You'll be rewarded over and over by loyal clients who trust your opinions and advice, and buy from you frequently.

Follow through with promises: If you do nothing else, do this. Always follow through with what you say you are going to do. If you say you'll send a quote by Friday - DO IT! If you say you'll check with someone else in your company about an issue that's come up - DO IT! Don't forget. Use the technology available to you (even if it's a sticky note on your dash board!) and make sure you follow through with your promises. There is no surer way to lose the faith of a prospect (or existing client) than to forget to do something you tell them you will do. If something comes up that forces you to have to delay, call them and give them a heads up. They may have a meeting arranged to present the information you're supplying them with, and if they don't have it you'll both look bad.

Focus on your client's success: Not to beat a dead horse, but there is tremendous value in being a resource for your client. If you can help them to succeed then they are more likely to help you succeed. Be a coach for your clients (at least in your areas of expertise). You have the unique perspective of seeing how many different businesses operate. Gather this knowledge and share it with your clients or prospects. Make sure they understand that you want to see them succeed, not just sell your products.

Use explanations rather than excuses: If you do have to explain to a customer why there is a problem with their order, their repair, their service, etc. Explain why the problem is there in the first place, rather than using an excuse. For example, if you provide health care services and you're having difficulty meeting the scheduling needs of the customer, you might it explain it like this, "With this being a particularly bad allergy season we have had more emergency calls due to asthma (or whatever the case may be) and these patients can't wait for a scheduled appointment. Our staff is behind schedule, but we are addressing the problem now by bringing in temporary help for these critical need times. So we should be able to schedule your service on 'x' date." Understanding the problem may help alleviate some of their frustration. Verbalizing

Page 16: Selling Skills - consolidated

the cause may also keep you more aware of the potential problems so you can be more prepared the next time around.

How to make a cold call A cold call is not a time to make a sale. It's [a time] to give something. The first question is, "Is it OK if I share with you what we do and why people use us? Then, we can decide whether it makes sense to go further." Be as discerning of the prospect as they are of you. No one's going to do business with a beggar.

How to get past the gatekeeper Voice mail is today's gatekeeper. The [most important] part of an effective voice mail is establishing your credibility by referencing a referral, your research or some newsworthy event in their company. The secret is to not talk about your product or service; focus on results. Talk like a businessperson, not a salesperson.

How to write a sales letter The secret to a successful sales letter is making it look just like a typical business letter. You want to position yourself as a peer who has a great idea and a helpful offer. In working with sales consultants at IBM, we coach them to start where the last conversation left off--something like, "After your comment to me on the phone last month, I've been thinking about a way to X." Your opening shot can't be a misfire.

How to generate repeat business Our customers aren't customers; our customers are owners. That sets a certain bar. If one of our owners is going to take a flight, a sales vice president may be helping with the luggage and the catering. We feel like if we get in front of our customers and we hustle, at the end of the day, it will be translated into repeat business.

How to upsell your current clients I asked a client if they were thinking about redoing their website. They said, "No." I didn't tell them, but I was going to work on something because I had a vision for it. I presented it to them, and they loved it. I had a $10,000 sale for that website. The biggest secret is just taking the time to think, "What does my client need that he's not asking for?"

How to hire a good sales manager Successfully hiring a strong sales manager is a balance between science and art. All strong sales-manager candidates exhibit three behavioral traits: a high energy level, tenacity and competitiveness. The biggest mistake companies make is that they try to find someone who will change the process because sales are not at the desired level. The majority of the time, the process isn't broken; what they didn't find was someone who has sold in that process before. Finding a manager compatible with the process is crucial.

How to offer great customer service The big secret is to passionately believe in your people. It's easy to say and difficult to execute unless you're in a culture that supports and encourages great customer service. Everyone's going that extra mile. Behind every transaction is a personal relationship.

Page 17: Selling Skills - consolidated

How to close a sale At the end of a sales conversation, the customer knows everything [he or she] needs to know to make a decision. The key is to ask the customer to take action. Simply ask, "Why don't you give it a try?" Don't sit there hoping that somehow, sometime, somewhere, the customer will take action on his own. Like a dentist's job is to pull the tooth, the sales-person's job is to ask for the order at the end of the presentation.

How to sell when price is the determining factor If you're selling something on price, you'd better start learning how to declare Chapter 11, because you're on your way. Look at what's going on with the airlines and department stores. Everyone gets confused thinking it's all about price, but it's about relevance. Get away from price, and get to value.

How to meet a prospect in personThis is your big chance to make an impression. Don't have your cell phone and your pager on, and don't have anything in your notebook that doesn't have to do with that customer. Ask follow-up questions, clarify that you understand what they're saying, and give them feedback that you're listening. You don't want an hour to go by where [the prospect] didn't feel it was valuable spending time with you.

How to give a great sales presentation in five minutes or lessWhether you have six minutes or 60 minutes to make a presentation, always organize your content, adapt to the moment, and dialogue with your audience. Reveal your core statement early and clearly, and support it with no more than three main points. If pressed for time, leave anecdotes and stories on the sidelines.

How to surpass a sales quotaPeople sit back and relax when they've made their quota. But that's when you really pour it on. At 5 o'clock, make 15 more calls. When you have a lot of business coming in and you're doing well, that's the best time to make calls to surpass your quota. Your actions are much more powerful when you're doing well than when you're trying to get started

How to schedule your week most effectivelyEvery weeknight I would complete my Day-Timer with contacts I needed to make and proposals I needed to present the next day. I always had a complete plan written down. Map out your sales calls so you minimize drive time. Log all details about each appointment, tracking all steps of the sale until it's closed. This prevents redoing or forgetting scheduled items and will keep your day on task.

How to create customer loyaltyThe hardest thing is getting somebody to trust you. After you build a relationship, the trust comes. Going the extra mile, being a good communicator, letting them know if there are problems--that makes people feel good. Be consistent. Do what you say you're going to do. When I see a parent with one child bring a second child to me, that's when I know I've created customer loyalty.

How to relate better to your prospectNinety-five percent of what's sold in the world isn't an end unto itself, it's a means to an end. Nobody wants to buy computers; what they want is the ability to transfer

Page 18: Selling Skills - consolidated

information more quickly and accurately so groups can work together better, so they can put products out to market faster, so they can capture more market share. What does the client want to achieve? When you ask that question, it changes everything.

How to follow up with a prospectI learned the importance of follow-up early on. I probably lost several projects because I was shy. [Now], we look for reasons to call back. If we get a sense of what they want, we'll sketch something, call them and try to get them back in. If you don't care enough to [take the initiative and] call, I can't imagine people wanting you to build their dream home.

How to reduce the sales cycleThere is little magic to this, but a lot of work. Reps are loath to ask tough questions. [Does the prospect] have a committed budget? What's the process for releasing funds, and who has final authority to do so? What is the event driving this initiative? [If you] want to reduce the sales cycle, target prospects better, and qualify them rigorously.

How to increase market shareTo truly grow market share, a company must not only increase overall revenues but must also increase new customer acquisition rates and average deal sizes. The 2005 "Miller Heiman Sales Effectiveness" study revealed that less than 5 percent of companies accomplished this goal. The interesting thing about the winning companies is commonality in the key strategies they pursued. Most of their new product initiatives were aimed at providing additional value to their current clients rather than trying to create new markets. These top companies also had a much more evolved process of sharing best practices; they understand the benefit of quickly communicating and implementing successful strategies.