8Jul/091

Buyer’s Anxieties, Seller’s Solutions

We’ve all been fooled. Each of us has a sales ’tale‘ to share about being misled, coerced or manipulated. And our memories — much like our prospects’ memories — are long and often unforgiving! No wonder prospects sometimes feel initially suspicious, anxious and wary of salespeople. So, what are we to do as salespeople who are honest and ethical, and yet still mistrusted by prospects?

Building trust takes time, effort and creation of consistent experiences. This is particularly true in sales where we’re dealing with emotions. A prospective buyer’s feelings are based on perception, not just logic. It may take multiple, positive experiences that are felt in the same way by the prospect before they “feel” comfortable, trust emerges and they begin to feel better about what you’re trying to offer.

We must remember and be sure to address the fears (feelings and perceptions) which are well-entrenched in prospects. They are:

  1. Fear of a buying mistake:
    a. Paying too much
    b. Paying too little
    c. Buying out of fear
    d. Not getting what you truly need
    e. Not getting what you really want
  2. Fear of looking stupid
    a. Succumbing to pressure
    b. Being ’suckered’
    c. Falling for a ’pitch’
    d. Buying to get rid of the salesperson
    e. Buying only because you ’liked‘ the salesperson
  3. Fear of being criticized or ridiculed
    a. No one buys from them!
    b. How could you?
    c. You paid what?
    d. Don’t you know their reputation?
    e. Why did you ’fall‘ for that?

In every situation, positioning yourself and your product as a source of trust and value would have overcome these feelings. It often takes multiple acts to build trust, but only one mistake to destroy it. Value is the buyer’s perception of “what’s in it for me that’s important to me?” You’d better discover what they perceive as value. This in turn helps solidify trust — and leads to choosing you, because it feels right (trust) and solves their greatest issue (value). After all, that’s what customers truly want isn’t it?

Submitted by:
Richard Dickerson

17Jun/091

Love the Salesperson in You

In the best of times, selling effectively requires us to be optimistic, prepared, upbeat and all the other positives we know so well. I like to say “we must see ourselves in the best possible way.” In the worst of times, this mantra takes on even more significance.

With most news reports stressing the negative effects of everything, staying positively focused in the midst of the depressing onslaught becomes even more challenging! I am always amazed at how some salespeople remain undaunted in the face of negativity. I often thought it couldn’t be! I was wrong! I was a victim of my own mind — I bought into thinking everyone has negative thoughts, and reacted accordingly.

Yes, we all have negative thoughts. The difference is top salespeople don’t dwell on those thoughts. They:

  • Recognize them as negative thoughts, put them aside, and move on
  • Choose to focus on the positive
  • Stick to the task at hand – what they can control
  • Believe in themselves
  • Say nice, positive things to themselves; self talk is positive
  • Learn from experiences and think constructively
  • Are realistic
  • Don’t “set themselves up” with artificial limits in their thinking

Top performers maintain a healthy positive attitude. They welcome every experience as a new, unique opportunity to learn and grow and improve.

I’m still learning about the salesperson in me. How about you?

Submitted by:
Richard Dickerson

9Apr/094

Keep Your Sales Team

It’s often standard procedure in tough economic times to cut budgets, trim expenses and reduce staff. We all know this drill. It seems epidemic – the “catch 22” cycle of reactionary strategies, intended to help companies weather the downturn. And then when conditions improve, there’s another reactionary strategy of scrambling to catch up. Cutting salespeople sure seems economically sensible on the surface, but have you ever wondered what these types of behaviors the really cost?

Look at real costs of reduced sales efforts in your organization:
• Lost contact
• Lost margin
• Lost revenue
• Lost opportunities
• Reduced customer service
• Lost goodwill
• Changed customer perceptions, etc.

Many companies are making cuts to their sales force as a means of reducing expenses to survive, under the mistaken belief that increased selling effort is unnecessary when customers are buying less. But how do you truly expect to maintain a strong bottom line with fewer salespeople and less selling activity?

As counterintuitive as it sounds, the real solution to weathering the storm lies not in making cuts, but rather investing in your team. This is a prime time to focus more on training and developing your salespeople’s selling efforts to help them stay ahead of the curve.

Look at other alternatives, such as increasing your organization’s preparedness through better prospecting, positioning, pre-call planning, focused training and clearer accountability. You may also consider temporary salary or commission adjustments with clear definitions, duration and procedures, rather than full-scale layoffs.

Do all you can to keep your strongest salespeople in good times or bad. The cost is simply too high not too!

Submitted by:
Richard Dickerson

30Jan/092

Those Critical Adjustments Sales Managers Must Make in Tough Economic Times

Tough times are upon us. Selling and managing salespeople well are simply mandatory now! Sales managers must respond effectively for their sales team, and the economic conditions. They must make some critical adjustments now.

  1. Get out from behind your desks and travel with your salespeople regularly! This means:
    • Observe them
    • Lead them
    • Coach them
  2. Hold your salespeople accountable for activities that are productive, and measure their productivity. Make sure they:
    • Prospect regularly with qualified prospects and existing customers
    • Position and pre-call plan for every call
    • Build trust and convey value on every call
  3. Require and provide your salespeople with a relevant sales process.
    • A sequential linked process
    • Customer focused, not techniques focused
    • Principles based
    • Easily repeatable

As a manager you must set the example and hold them to it. Everyday. Especially now.

Submitted by:
Richard Dickerson

20Jan/091

Eliminate or Cultivate

As we experience another period of economic downturn, we see companies reacting to conditions in some surprising ways. They dismiss salespeople, apparently thinking that this source of new business has less significance when selling is tougher. Isn't this the same faulty tactic as not fixing the roof after the rain has stopped?

The necessity of building trust and value is never more important than in tough times.

Qualifying, questioning and uncovering dominant needs, desires and wishes, positioning your value proposition, building trust and value, and asking for commitment are even more critical in tough times. Surely, you want to hold on to those best prepared to perform these duties. This is not the time to "internalize" selling; those least familiar with professional selling are certainly not going to be as effective. Unless, of course, your sales team is ineffective to begin with (another blog post).

Top organizations - those with clear strategies and people who believe in the mission and in their ability to carry out these strategies - remain successful. They use "down" time to sharpen skills, attract top talent and strengthen their market position.

Our practice centers on these top companies, who have maintained or increased attention to the further development of their sales teams. They know the benefits of cultivation rather than elimination, especially in tough times.

Submitted by:
Richard Dickerson