Sales and Sales Management Blog

July 9, 2009

Boost Your Sales: “Trust Two Point Ooh,” by Clayton Shold

Trust Two Point Ooh
by Clayton Shold

“I’ll gladly pay you Tuesday for a hamburger today.”

If you are old enough to remember the Popeye cartoons you’ll remember this quote. Popeye’s friend Wimpy used it often. You see Wimpy loved to eat hamburgers but was too cheap to pay for them. He was looking for credit, usually from a patron of the diner. If he approached you would you trust him to pay you back on Tuesday – or any day?

I suspect if you knew Wimpy and his reputation you would most certainly decline to buy him a burger.

If you were from the era when this comic strip first ran in the mid 1930’s you probably sealed business deals with a handshake and little if any legal paperwork. Why, because people trusted other people.  Here lies our conundrum, what has changed and why are we less trusting of some people than others?

I believe most people start out trusting other people, taking them at face value … especially when the degree of risk involved is low. Say someone introduces you to an individual and the person tells you what they do for a living. It is probably safe to assume you believe them; you have no reason to doubt their honesty. You are not suspicious of their statement, unless other overriding factors kick in. Did any non-verbal cautions flags go up? Did the person smile funny while telling you their vocation, did they shift uneasily, or did they avoid eye contact? Did your spider senses tingle?

In today’s society we tend to be more skeptical than in Popeye’s day, which is another way of saying we are less trusting. Why is that? Watch young children and you don’t see evidence of this.  Can we surmise then that life experiences cause us over time, to take stalk in other people’s actions which become the basis on which we begin to measure trust?

Trust relationships evolve over time. As people experience other’s actions they begin to build a ‘trust vault’ of memories. The vault continues to accept deposits as long as the person continues to interact in an honest, ethical and open way. Strong relationships rely on familiarity, a sense of fairness, open communication and mutual respect that continue over time.

It is easy to bankrupt the trust vault and it usually happens quickly. Once the vault is empty it is very difficult to rebuild and regain the lost trust. Take marriage where we pledge to “love honour and cherish until death to us part”. The vows exchanged are a commitment of trust between two people. An extramarital affair, once exposed destroys most if not all of the trust accumulated in that relationship.

The past decade provided too many examples of top business leaders who didn’t just erode our trust, they nuked it totally.

Wimpy lived on hamburgers and broken promises, what about those who require high levels of trust to be successful in their chosen vocation. We hold some professions to a higher standard than others with regard to trust. If you are in court, we have an expectation of fairness and trust the judge to be impartial. Think of your financial advisor providing guidance on your money matters, do you trust them to manage and safeguard your savings as if it were their own. Think about your hair stylist (someone Wimpy might have called a barber or hairdresser), you keep going back because of the trust established over repeated visits, confident you will leave happy. Some professions hold themselves accountable to a high level of trust, our armed forces, police and fire personnel trust their peers with their life.

So what changed from Popeye and Wimpy’s day?  Has our competitive spirit of winning at all costs eroded our decency, integrity and sense of fair play? Did it deteriorate because of shareholder’s greed in expecting quarter over quarter growth and profitability? Have we found it easier to initiate litigation with an expectation of a windfall decision that has bred legal beagles in sufficient quantity to sniff every pant leg? Have we become so selfish we will not extend credit to others to allow them to make deposits into our trust vault?

I believe the pendulum is beginning to swing back. Society is desperate for leaders we believe will do what is right, someone we can count on to fix what is broken, to take us on a path we can be proud to walk, to restore our confidence, to gain our trust.

We can all act as catalysts to accelerate this change. Reconstitute the principle you word is your honour, then ensure your actions support your words. Rejuvenate the notion your handshake is a binding gesture signalling your values, beliefs, and commitment to the other party. Treat others with respect and make regular deposits to their trust vaults.

This is much more than bumming a hamburger, it is about how we live our lives, the relationships we establish and the trust vaults we encourage and protect.

“I yam what I yam and tha’s all what I yam.” – Popeye

Clayton Shold is president and co-founder of Salesopedia. He is a business therapist to small and medium sized organizations in Canada and the US helping them leverage sales and marketing opportunities.

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July 8, 2009

Boost Your Sales: “8 Essential Criteria for Winning a Big Contract from Me,” by Mike Schultz

8 Essential Criteria for Winning a Big Contract from Me
by Mike Schultz

Smoking a cigar in the Adirondack chair as the red sun goes down over the lake on a warm summer evening. Between this and me is a major remodel of the fixer-upper lake house my wife and I just bought.

Since I inherited from my father special skills like hammering a nail into a wall such that I ruin the wall, I realize I’m about to spend a lot of time with architects and contractors. All I’ve heard from friends and colleagues is, “Be careful!”

The cliché digs on architects are that they are artists with no attention to detail and no grounding in reality. The digs on contractors are that they’ll take any opening you give them to cut corners, pad their fees, and drop you and your project at the first sign they have to work more than they thought or something better comes along.

I don’t believe any of it. I can dis doctors (quacks), consultants (here to fire people, read their watch, and tell me what time it is), lawyers (ambulance chasing naysayers), and accountants (boring bean counters).  It’s simply the reality that the great service providers in these (and all other) areas are mixed in with the rest of the average to rotten bunch.

The reality is I want to trust right away, but I’ve been burned in the past. We all have. And I’ve got my future hopes and dreams for my family and me wrapped up in turning this 70s wood-paneled, purple-shag-carpeted, water-damaged dwelling into our home. Thus I’ve got fear, uncertainty, and doubt about my ‘partners’ in this major renovation.

That’s a good dose of emotion, and I’m not a very emotional guy. Even the very special episodes of Blossom didn’t get to me (much). But I bought this house to raise a family and while away the next several decades, and so a lot of feelings are tied up in getting this renovation right.

Now I’ve got to find service providers to help me. For both the architect and the contractor, here are my buying criteria:

Be very good at your craft. Do I need you to be the best? I wouldn’t even know how to define that. I’ll probably look at your past work to get a sense of whether or not you’ve got the chops to do what I need done.

Deal with us fairly. We’ll both make sure the contract is clear and fair so we know our roles and responsibilities, but you can’t contract for every eventuality. I’ll probably get a sense of your client focus by speaking with you and listening for cues, by speaking to your references, and by asking around.

Meet mutually set commitments. Whether it’s in the contract, or whether it’s something we discussed, do what you say you’re going to do.

Understand our needs. I’ll give you overviews, answer your questions, and show you examples, but it’s got to register with you.

Anticipate our needs. Let’s say we lay out a room a particular way. Did we forget something? Let’s say you’re just about to put hammer to nail and you see that we might not have left enough room for the chairs to go back from the table. Call us.

Add to the conversation. Don’t just take our ideas and implement them. Take them and make them better.

Be responsive to us. Don’t return calls or disappear and we’ll have big problems.

Stick to the budget.

What I don’t care about is what your tagline is, whether or not you’re a “different kind of design/build firm,” or that you’ve got a unique methodology for designing and building houses. I don’t care about how good the schools, hospitals, or hotels are that you’ve built.

What can I say, buyers buy parochially, and that includes me. I’m trying to figure out if you’ll be good at serving people like us in a situation like ours. As much as you think the other examples might be good proxies for how much you can help us, they simply won’t be as good for us as ones that look just like us.

If everything comes together as we hope, the remodel and our relationship will go swimmingly. But will it all come together like this? Let’s hope contractors read marketing blogs.

Mike Schultz, President of Wellesley Hills Group, is world-renowned as a consultant and expert in services marketing, branding, and rainmaking. Co-author of the book Professional Services Marketing (Wiley, 2009), Mike is an engaging and thought-provoking speaker, delivering dozens of keynotes each year in-house for clients and at leading industry conferences. Mike is also Publisher of RainToday.com, the world’s foremost publication and membership site for insight, advice, and tools for growing a service business.

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July 7, 2009

Boost Your Sales: “A Matter of Trust,” by Randy Pennington

Filed under: Client Relationships,sales,selling,trust — Paul McCord @ 6:28 am
Tags: , , ,

A Matter of Trust
Randy G. Pennington

“Nothing ever happens until someone buys something from someone else.”

I have heard variations on that quote for many years. And it still rings true. Our economy is based on the exchange of value known as sales.

Here is my corollary to that truth: No one every buys anything that is important to them or about which they have a choice until they trust you.

Let’s examine the qualifiers in that statement. I once purchased an auto repair from someone I didn’t really trust because I was stranded on the side of the road. It was a one-time situation in a town where I did not live. Likewise, I am sure that I have made a few minor purchases that did not rise to the level of importance that my trust was actively required. The little glow stick that I purchased at a concert comes to mind, but there are very few of those.

So … unless your business is built on one-time sales to customers with no choice or you are selling something that exists below the threshold where trust is even a consideration, the need to build a reputation for trust is critical to your success.

Building Trust One Person At A Time

Carl Sewell owns car dealerships—ten of them in fact. His Lexus and Cadillac dealerships traditionally rank at or near the top for sales and service in North America. Sewell knows a purchase will be made when I walk in the door of his dealership. There is a solid track record on which to rely – nine automobiles purchased and all the service work that goes along with them. I am loyal to Sewell Motors because I trust them. I trust them—and your customers will trust you—because they have mastered the following five principles.

  • Character: Every discussion of trust begins here. Character defines an individual’s approach for dealing with themselves and others. It is the demonstration of the values adopted for basic living. Individuals who embody basic principles such as honesty, trustworthiness, loyalty, justice, patience, and duty find that their ideas and recommendations are readily accepted. The nagging question of motive lingers when character is in question.
  • Competence: How good are you at your job? How much do you know about your product? Can you answer my questions with confidence and authority? Professionals who earn my trust are competent. They recognize their individual strengths and weaknesses and commit to continuous growth in all areas of individual performance. An excellent reputation for honesty will be rendered useless if it is matched with incompetence.
  • Communication: Outstanding presentation skills contribute to effective communication. Unfortunately, too much emphasis has been placed on the importance of the pitch. Communication that builds trust is about listening. The ability to understand others creates a bond that encourages interdependence and enhances commitment. We tend to trust those who appreciate our goals, struggles, joys and situation.
  • Consistency: The sales professional that sold me my first car from Sewell impressed me with his competence and communication. That, combined with the company’s reputation for character, led to the initial buy decision. Purchases two through nine have been made because of consistency. Every person at every level has continued to perform in a manner that re-earns and maintains my trust. Confidence that your performance will be in line with past experience frees others from worry about protecting themselves from an unpredictable response.
  • Courage: Earning and maintaining trust in an increasingly competitive and demanding world requires courage. Challenges must be confronted head-on in a manner that respects diversity; demonstrates professional business practices; and maintains personal integrity. True courage requires commitment and the willingness to accept personal risk. It fosters admiration and sets in motion a series of events that influence long-term success.

A Special Message to Sales Managers

The five factors for building trust were originally developed in a study we conducted in 2004 about what causes mistrust on the job. Our work since that time has reinforced the fact that character, competence, consistency, communication, and courage are considerations in all decisions to trust another person or company or institution. And that leads us to you—the person responsible for creating the environment that promotes trust.

Sewell Motors has built its brand based on integrity in its products, services, and relationships. That commitment is on display every day through the promises made and delivered. It is about performance not marketing. I asked Joe Calloway, author of the book Becoming a Category of One, to explain why building a brand that customers can trust is important. He said, “The experience of doing business is critical as today’s brutally competitive environment meets a soft economy. A unique brand that others can trust is the only way to set you apart from the competition.”

That is where you come in. The same five factors that cause your customers to trust your sales professionals will cause your sales professionals to trust you. Carl Sewell understands that and devotes countless energy and effort toward that end. In return, he gets comments like this one from Linda, one of his sales team: “I owe this company a lot. They stood behind me during my mother’s illness. I have a huge sense of loyalty and desire to help them succeed.”

Does your sales team say that about your company?

Do This Now

  • Be very clear about the values for which you stand. What are the principles that are so important that you would never compromise them … even if it meant losing the sale?
  • Be consistent with the messages you send. Communication is everything and everything communicates when building trust. A great sales pitch that focuses on benefits rather than features is nice. A reputation for listening and caring that is communicated through action over time is the stuff of legends.
  • Get better at your job. Customers have always had a choice. It didn’t matter as much when there were more than enough buyers to go around. Today, you have to be better tomorrow than you are today. Learn more, grow more, and invest more in education.
  • Never sacrifice trust for short-term gain. Consistency and courage build relationships that last a life time. Yes, you have to make your numbers today. There is no “long-term” without delivering results right now. I contend that companies like Sewell Motors are still delivering results today for the precise reason that they are unwilling to sacrifice trust for short-term gain. Customers are smarter and more vocal than ever. They will find out and let others know if you took advantage of them.

Looking ahead from 2009, you can count on the following:

  • The economy will eventually turn around and more people will start buying again. It may not be this year, and it will probably be many months before activity returns to the levels we remember from 2006 and 2007.
  • Customer behavior has been altered for the short-term and perhaps longer. Those who experienced the Great Depression saw their purchasing habits altered for many years and often their entire lives.
  • Trust will be critical for your success today and tomorrow.

The question that remains is what you will do about it. A matter of trust is a matter of survival.

Randy Pennington is author of Results Rule! Build a Culture that Blows the Competition Away. He helps leaders build cultures committed to results, relationships, and accountability. For additional information or to schedule Randy for your organization: contact via telephone at 972.980.9857; e-mail at Mary@penningtongroup.com; or on the Internet at http://www.penningtongroup.com or http://www.resultsrule.com. Your comments are encouraged. Please send your ideas to Randy@penningtongroup.com.

©2009 by Pennington Performance Group; Addison, TX. All rights reserved. This article may be downloaded for personal and professional development. Copies may be shared within an individual organization. All other uses of this material are strictly prohibited without written permission from the author.

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Subscribe to my POWER SELLING newsletter where twice each month you’ll get a full length article designed to help you increase your and/or your sales team’s sales.  Just shoot me an email at pmccord@mccordandassociates.com with “subscribe” in the subject line and your name and email address in the body and I’ll get you subcribed, and since I hate SPAM as much as you do, I’ll never sell, lease, rent or give your information to anyone—EVER.

July 6, 2009

Boost Your Sales: “Building Trust in Sales: the Win Win Solution,” by Charles H. Green

Filed under: Client Relationships,sales,selling,trust — Paul McCord @ 7:20 am
Tags: , , ,

Building Trust in Sales: the Win Win Solution
by Charles H. Green

 “Trust and sales” sounds to many people like an oxymoron—they don’t belong in the same sentence.  To other people, trust is something you develop slowly over time, in order to successfully sell later.

The truth is simpler, and much more exciting. You develop trust in sales by selling in a trustworthy manner.  Let me say that again: you don’t develop trust in order to sell—you develop trust in the act of selling. 

This is exciting because it means trust and sales are not an either-or proposition: they actually can go together.  It means the best trust-building is also the best selling; and the best selling, I would argue, builds trust.

To explain how to build trust in sales (and thereby sell more) let me set some context in terms of how people buy, and how salespeople frequently obstruct the natural buying process.

How Customers Buy

Suppose a teenage acquaintance of yours comes to you for advice about dating and relationships.  “What should I say?” they might ask, or “What should I be doing?  What are the big no-no’s?  How do I know if (s)he likes me?  When should I call them back, or not?  Basically, what are the rules of dating and relationships?”

Perfectly reasonable questions, of course.  And if you have some experience yourself, and sincerely want to help this young person, and have a bit of time, my guess is that you will do two things. 

First, you’ll give them a few tips.  But mainly, you will say something like, “You know, the best thing you can do is relax and be yourself. People like people who are genuine, and comfortable with themselves. Don’t memorize things to say, or to do; just be who you are, and ask what (s)he likes to do, or thinks about, and then talk about that.  Enjoy yourself, and assume this will be the first of many conversations.

That would be very good advice.  It so happens that the very same advice applies to another kind of relationship—the commercial buyer/seller relationship.  Because commercial relationships are about money—but they are also, profoundly, about people.  The rules of people engagement don’t change because money is involved—in fact, they become more critical because money is involved.  The more money, the more risk, and the more we fall back on our instincts about who to trust. 

Buying—including modern, B2B, complex-sales situations—is about as emotionally driven as it always was.  There isn’t space enough in this article to cite all the evidence, so I’ll just offer three quotes.

Jeffrey Gitomer is fond of saying, “People buy with their heart, then justify it with their brains.”

Bill Brooks and Tom Travesano wrote, “People vastly prefer to buy what they need anyway from those who understand what it is that they want.”

Finally, some readers may recall the old phrase, “No one got fired for buying IBM.” 

Many more studies suggest buying behavior is heavily driven by emotions like fear and trust, but the best proof probably lies in your own gut instincts.  Most of us recognize that cognitive processes are NOT what drive buyers; they are what allow buyers to claim the real process was justified, rational, objective.  Most buyers won’t admit, even to themselves, that they buy emotionally—but in fact, they do.

How Sellers Sell

If customers buy emotionally, then it would seem obvious that sellers should sell emotionally.  Interestingly, they usually don’t.  Which raises the question—why not?

Of course, some sellers do sell emotionally, but in the B2B space, it is not the norm.  The much more common approach views selling as a linear transactional process—suitable for breaking down into tasks and data, and complete at the transaction level.

By this view, the selling and buying process consists of a series of questions and answers, constantly defining and narrowing down customer needs, features and benefits.  The focus is on efficiency—hence the emphasis on things like Salesforce.com, screening, and closing success at each stage.

And deep below most sellers’ assumption about rational process-based decision-making lies one last assumption: the belief that buyers and sellers are locked in a zero-sum competition.  That what the buyer gets comes at the expense of the seller.  That the seller can never be completely honest with the buyer because their interests are opposed.

But what if a seller can free himself of these assumptions?  What if a seller did not feel bound by a linear, cognitive process, but could engage the emotions? And what if the seller did not feel she was in competition with the buyer?

It turns out those are some of the characteristics of trust-based selling.  It is more in tune with how buyers prefer to buy; and it provides better results to sellers.

Building Trust in Sales

As I said at the outset, the best sales don’t draw down on trust—they actually create it.  So—how does one do that? 

Creating trust isn’t a simple set of actions or magic words; would you trust someone who simply did the actions or said the magic words?  Creating trust works at several levels: beliefs, principles, actions.

Selling from trust rests on four principles and one belief:

Principle 1.  Focus on the needs of the customer first.  Seller’s needs are important too, but lead with the customer’s.

Principle 2.  Focus not on short-term transactions, but on longer-term relationships.

Principle 3. Behave collaboratively with the customer, not in opposition.

Principle 4. Behave transparently in all matters, unless to do so is illegal or harmful.

Belief: The principle of reciprocity is very much at work in people, and in buying situations.  People strongly tend to respond in kind.  If they are treated in a trustworthy manner, they will trust.  If they are trusted, they will respond in a trustworthy manner. 

If you conduct yourself in all situations according to the four principles, you will be perceived as trustworthy.  If you are perceived as trustworthy, people will buy from you: more quickly, more often, more easily.  The result of that is higher profitability—for both buyer and seller.

That may sound vague, but let me draw out some sharp implications of those four principles.

•           If you wish to create trust in selling, you must be willing in principle to let go the desire to win every transaction.  If your aim in every transaction is to win the sale, then you cannot be trusted—because your aim is always about you, not your customer.

•           You must be focused on doing the right thing for the customer, even if that means you don’t propose on everything—conceivably you even recommend a competitor, if that’s the right thing to do for the customer.

•           You don’t focus on closing, but on helping the customer make the decision in the right time-frame for the customer.

•           You must believe that if you consistently behave in this way, your economics will be better than if your sole objective is to get the sale. 

At a more tactical level, here are some specific things you can do to improve trust during the sales process itself.

1.         Go find a course in listening 101, and take it.  Then the 201 course.  Then the 301.

2.         Practice doing your thinking out loud, with the client.

3.         If you don’t know something—say so.

4.         Answer questions directly.

5.         Don’t just listen to get the answer; listen for the sake of listening, for the relationship itself—let the customer’s line of thought set the agenda, not just your line of thought.

6.         Don’t consistently exceed expectations—instead, meet them.  Then occasionally throw in a surprise.

7.         Notice and comment on emotions—yours and others.  If you’re upset, say so; if you notice they are upset, say so.

8.         Write your next proposal together with the client, in the same room, on the same side of the table.

9.         Nearly always, tell the truth; and never, never tell a lie.

10.       Don’t say things you wouldn’t want to see on the front page of the newspaper.

11.       If you notice you’re afraid of confronting an issue with someone, figure out quickly how to do so—avoidance of confrontation violates both of the principles of transparency and collaboration.

12.       Mention pricing early—bound if it you must, but get over the awkward hump of not mentioning price.

Let’s go back to the teenager seeking your advice about things romantic.  I guessed that you would advise them to be themselves.  That would mean advising them to be:

- focused on the other

- finding and pursuing joint interests

- focused on the relationship, not on mechanical transactions

- open and honest about themselves.

If that sounds a lot like the four trust principles for selling from trust, it’s no accident.  All relationships succeed by focusing on the same things: other-focus, collaboration, relationship-not-transaction, and transparency.  What works in life works in business. 

The old Godfather movie line “it’s not personal, it’s business” was exactly wrong.  It is personal; it is business.  And treating it personally is good for both.

 

Charles H. Green is founder and CEO of Trusted Advisor Associates. The author of Trust-based Selling and co-author of The Trusted Advisor, he has spoken to, consulted for or done seminars about trusted relationships in business for a wide and global range of industries and functions. Centering on the theme of trust in business relationships, Charles works with complex organizations to improve trust in sales, internal trust between organizations, and trusted advisor relationships with external clients and customers.

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Like What You See Here?

If you like what you see on the Sales and Sales Management Blog, I encourage you to either:

Save it to your RSS Reader

or

Subscribe to my POWER SELLING newsletter where twice each month you’ll get a full length article designed to help you increase your and/or your sales team’s sales.  Just shoot me an email at pmccord@mccordandassociates.com with “subscribe” in the subject line and your name and email address in the body and I’ll get you subcribed, and since I hate SPAM as much as you do, I’ll never sell, lease, rent or give your information to anyone—EVER.

May 9, 2009

Book Review: The One Minute Closer: Time-Tested, No-Fail Strategies for Clinching Every Sale

Filed under: Book Reviews,Closing Sales,sales,selling,trust — Paul McCord @ 2:47 pm
Tags: , ,

one minute closerIf you love old school manipulative selling techniques (you know the ones, those that have given salespeople a reputation on par with thieves, ambulance chasers, and snakes), you’ll love The One Minute Closer: Time-Tested, No-Fail Strategies for Clinching Every Sale (Business Plus:  2008), by James W Pickens and Joseph L Matheny.

Seldom do I post a review of a book that I don’t find to be at least somewhat helpful, but The One Minute Closer is so bad, so destructive to the selling profession, and such a waste of money, that I believe I would be doing a disservice not letting readers know why they should avoid wasting their money and their time on this dreadful piece of trash.

According to the authors, The One Minute Closer is designed to relate the wisdom of over 50 ‘master closers’ from around the world that will teach salespeople the closing techniques that will turn them into master closers also. 

In fact, what Pickens and Matheny have done is write a small book on how to be as unethical in sales as possible.  This is a master course in deception, manipulation, lying, and impersonating sincerity.  Despite the author’s claims, it is doubtful that many of the supposed ‘master closes’ presented would do anything more than alienate prospects at best and get you thrown out on your ear at worse. 

The One Minute Closer is chock-full of wisdom such as

  • “when the master closer asks his customer to purchase, he will intentionally lower his head slightly and get a few degrees below the eye level of his customer.  Then as the customer considers his response, the closer will slowly bring his head up, almost unnoticeably, so his eyes are on the same level as the customer’s.  Then, right at the exact second  when the customer starts to make a sound, the closer will move his eye level up a few degrees above the customer’s eye level.  At that point, he will keep his head and eyes steady.  This very slight head and eye movement is magic.  What it does to the customer is surprising.  The customer, completely unaware of what the closer is doing, will automatically raise his head and eyes to meet the closer’s.  This upward physical movement actually encourages the customer to give a positive response.  This secret closing technique works, but the master closer has to be very subtle and deliberate in his movement.  There can’t be any sudden movement that might alert the customer.”
  • The “one dollar vs. one-hundred dollar close.  In this close when your customer says they can’t make a decision, take out a one dollar bill and a one-hundred dollar bill and ask which one the customer would like to have.  Of course, they’ll say the one-hundred dollar bill.  You then say to your customer, “Mr Customer, don’t ever tell me again that you can’t make a decision, because you just did.”
  • The “what would Jesus do” close.  You use this close when your customer “is a Sunday go to meeting” type (throughout the book this level of respect for customers is demonstrated).  You acknowledge that you know he is a fine Christian and state that you understand that he wants to be like Jesus, just as every good Christian does.  You then tell the customer that you’ll give him your product or service free if he can show you anywhere in the Bible where Jesus said, “let me first ask my friend,” or “let me first ask my accountant,” or “I have to think about it.”  You point out that Jesus never had to hesitate to make a decision on his own.  According to the authors, after delivering this close, “The customer is stunned.  The master closer has made such a strong and truthful point, the customer doesn’t know what to say.”

The above is just a small taste of the book’s BS.  Sometimes when reading the book it is difficult to tell whether the authors are serious or are having a good laugh at how gullible some salespeople might be.  If it weren’t so serious, this book would be hilarious. 

This isn’t to say, however, that the book doesn’t have a small bit of useful information.  It does.  It’s just that the majority of the useful information is so basic and so intuitively obvious that it would be classified as common knowledge, such as ‘treat evey customer like a millionaire’ and ‘it’s difficult to dislike people who like you.’

Whatever you do, save your money, don’t buy this one.

May 1, 2009

Is Being Liked by Your Prospects Really Important?

Filed under: Client Relationships,sales,selling,trust — Paul McCord @ 9:13 am
Tags: , , ,

“There’s nothing in this world more important in sales than being liked by your prospect.”

“A prospect won’t listen to you unless they like you, so if you can’t get them on your side, you can’t create a sale.”

“If they like you, they may listen to you.  If they’ll listen to you, you may be able to get them to trust you.  If they trust you, they just might buy from you . . . .  Everything positive in the sale starts with them liking you, everything negative starts with them not liking you.”

These three statements about being liked were made by three top sales trainers.  Being liked must be the lynchpin to success in selling, right? 

I’ve attended numerous sales workshops and seminars, listened to a great many CD’s, and read dozens of books that all emphasize the critical nature of being liked by prospects and clients. 

On the positive side it is claimed that being liked:

  • opens doors
  • lowers prospect’s defenses
  • makes them want to say yes to please you
  • allows them to trust you

On the negative side they claim that if you aren’t liked prospects:

  • won’t believe you
  • will be suspect of your intentions
  • won’t give you full cooperation

Sounds like being liked really is the key to sales success.

Except it isn’t.

Certainly, being liked is a great asset and by all means we should do all within reason to be liked by our prospects and clients.

But being liked takes a backseat to being trusted and respected.

I suspect that you, like me, have heard many comments such as: “He drives me crazy and is one of the hardest people I know to get along with, but I wouldn’t trust my money to anyone else,” or, “I have to have my assistant deal with him because I just can’t deal with him.  I’d really love to find someone I can work with, but by gosh when he says something I can take it to the bank, and that’s worth a whole lot more than having to put up with him.”

I’ve seen thousands of situations where the salesperson and client weren’t friendly, much less friends; where the client didn’t like the salesperson but was eager to do business with them because they had earned the prospect’s trust.

We work in a profession that has a reputation for being less than honest—for being downright dishonest.  Many, if not all, of our prospects have had numerous bad experiences with salespeople.  They’ve been lied to, ripped off, and taken advantage of to the point they not only have erected a protective wall between themselves, they’ve also dug a mote and stocked it with crocodiles.  They try to avoid us if at all possible, and when they do have to deal with us, they expect us to lie, cheat, and try to screw them to the wall.

Your prospects have met the eminently likeable rip-off artist, the oh so likeable liar, the loveable conman; and as far as they know, you’re him, and if you are, well, that’s just par for the course when dealing with salespeople.

Prospects aren’t surprised to find likable salespeople whom they don’t trust.  That’s the norm.  They even buy from them because they can’t find someone they do trust.  And if you’re going to buy from someone you don’t trust, why not buy from the one you like?

No, being liked isn’t the key to sales success.

But if your prospects find likeable salespeople all around them that they don’t trust, what would happen if they found a salesperson they did trust?  They’d probably react in the same way as those quoted above—they’d be overjoyed to deal with them even if they didn’t like them.

Trust (real trust, not the shallow trust salespeople try to create by faking interest in the prospect by asking a couple of personal questions to find—or fake—common ground upon which to build likeability) is difficult to build and once built, easy to wreck. 

Although trust is one of the most difficult bridges to build with a client, it is the glue that builds lasting clients. 

Charles H. Green has developed an equation for measuring trust.  In the equation, Trust equals Credibility plus Reliability plus Intimacy divided by Self-orientation.  Although all four factors are important, in a sense the self-orientation is the most important.  The salesperson’s focus, whether on the prospect’s interests or on their own self interest, is the key factor in establishing trust.

By all means strive to be liked, but work to establish trust. 

Trust establishes clients and brings in business, being liked makes it more enjoyable.

February 10, 2009

Run Don’t Walk

Today’s the day!  Can’t say much till Noon Pacific Standard Time–but it is worth the wait.

Noon today PST, the doors open – on an offer that has the potential to save you thousands of dollars, increase your sales exponentially, and perhaps best of all give you peace of mind in the midst of a downward spiraling economy, massive budget cuts and increased sales quotas!

Watch the countdown to noon here.

Best,

Paul McCord


At noon PST run, don’t walk to here

October 31, 2008

What Does Your Client Touch Program Say About You?

What are you doing with those prospects that are in your database that aren’t ready to purchase yet?  Are you in the process of establishing trust and good will-or are you demonstrating that you aren’t trustworthy or that you really don’t have anything of value to offer?

Whether you’ve considered it or not, everything you send to a prospect communicates your value-or non-value, and your trustworthiness.  Everything you send.  No matter how small.

Most salespeople, professionals, and companies will put their long-term prospects into a database and keep in touch with them on a semi-regular basis.  They’ll send a monthly or quarterly newsletter, a “how ya doin, ya ready to buy yet?” email or letter on occasion, and make a phone call once in a blue moon.  Some will inundate the prospect with so much junk mail and junk email that the prospect wonders how to get rid of them.

Either way, the prospect is learning about the salesperson or company.  The question is what are they learning?

Let’s look at the three most common negative messages prospects get from salesperson and company communications:

You Aren’t Reliable:

Reliability is a major trust factor and what you send and when you send materials to your prospects will communicate to some extent whether or not you are reliable.  If you promise to send information, do you send exactly what you promised, when you promised?  If not, why should a prospect trust you?

Do you send a monthly or quarterly newsletter?  Is it on time, every time?  If the date on your newsletter is May and it arrives in June because you were too busy to get it out, what message does that send?  Think people won’t notice?  I received the Jan/Feb newsletter from an interior decorator-in April.  Is that how she handles all of her commitments?

You Don’t Value My Time

Are the items you send of real value to the prospect?  If it isn’t of value, why do you send it?

What people will send is amazing.  I get newsletters with recipes, gardening tips, and other information that might be appropriate for some salespeople, but not from the people who are sending it.  Recipes, gardening tips, household tips, etc. might be appropriate in a REALTOR’S newsletter, but not an accountant’s, or financial planner’s, or insurance agent’s, or from an auto repair shop.  If I get something from an accountant, I expect it to have some relevance to my financial needs.  If I get something from an auto repair shop, I expect it have something to do with automobiles.  I don’t expect an attorney to send me an article on how to give a massage (yep, got one). 

What can you send of value?  There is a ton of stuff.  Articles relating to the area you address; special offers; new services and/or products; major company news; and other pertinent information.  All of these items are likely to be of interest to a majority of your prospects.

The key is not to waste your prospect’s time.  Of course, not everything you send is going to be of interest to every one of your prospects.  But if your information is good, all of your prospects will find value in your communications-just not every prospect for every communication.  I get a number of emails after each edition of my newsletter.  Many praise a particular issue; others are indifferent.  But some of those who were indifferent to one issue may email me an issue or two later raving about the latest issue, while the one who was enthused about the first issue emails me to let me know I missed the mark with them on the last issue.  I, like you, have to aim to bring lots of great material to the table, knowing that each reader is at a different place in their careers.  What appeals to one, may not appeal to another.  However, if I bring enough diversity to the newsletter, I can hit everyone’s needs, just not in every issue.  You must aim for the same goal-bring substance to the table, and overtime, you’ll feed the lot.

Every time you communicate with a prospect or client, even with your mass communications, you are teaching them to pay attention to you because you value their time and give them value-or you are teaching them to ignore you because you are nothing but a time waster.

You Don’t Know Your Business

Sending out-dated or erroneous information also will be noticed by many prospects.  If you fail to review and carefully examine your information to make sure that it is up-to-date and accurate, you run a serious risk of convincing your prospect that you simply don’t know what you’re talking about.

The articles and other materials you send, whether written by you or others, must contain current, accurate and trustworthy information.  Never assume that yours is the only information the prospect is receiving about your subject.  Your object is to inform, not confuse.  Your goal is to impress, not show your ignorance or laziness.  Errors are especially easy to miss when dealing with statistics and factual matters of record.

This isn’t to say that you can’t send items that may challenge conventional wisdom.  You certainly can-and if you can back your information up, these may be your most potent communications.  For instance, I work obviously in the areas of sales and sales management.  Most salespeople and managers know there are a great variety of training methods and theories.  Controversy and going against convention isn’t an issue in this industry.  As a matter of fact, many are well aware that many conventional ways of doing things simply don’t work that well.  Consequently, going against convention and finding better ways is welcomed. 

But in other industries, for example, many sectors of the financial services industry, bucking convention many not only raise many eyebrows, but your very competence may be questioned if your ideas are not well documented by independent sources.  Does this mean that you can’t present non-traditional ideas in these industries?  No.  It simply means that you must go out of your way to document their validity because you know upfront that you’re dealing with a subject where innovation is going to be questioned-not just by peers, but by many prospects also.

In addition to sloppy work, overstatements and exaggerations are another red flag for prospects.  It is perfectly permissible to make strong statements about your products and services as long as you are not the author of those statements and you can identify for your prospects exactly who made the claims about your product or service. 

If you use superlatives about yourself, your product/service, or your company, they cannot be from you and you must fully identify the person who made them-meaning they can be checked out.  If you make the claim yourself, you lose credibility.  If you attribute the superlative to someone who is not fully identified, you lose credibility.  If you use an authority in your particular field and give full identification, you gain credibility.  If you use an everyday customer with full disclosure, you gain credibility.

Examine your prospect communications in light of these three most common mistakes.  Don’t allow yourself to lose credibility while trying to build credibility.  Every communication you have with a prospect or client is just as important as your initial communication with them.  You’ve worked hard to gain their trust and respect.  Don’t blow it by teaching them that you’re nothing but a time waster.

September 17, 2008

Hearing and Seeing is Believing? Hardly.

Communication is at the core of what we as salespeople do.  We have to find a prospect and then communicate who we are, what we do, how we can help them solve their problems or meet their wants and needs, and we have to do so in a manner that builds confidence, trust, and respect.

This should be a rational process-communicating factual information; demonstrating our trustworthiness by what we do, what we say, and the advice and guidance we provide the prospect; and putting the good of the prospect first.

As a rational process, we should be able to use logic, facts, and figures.  Our trustworthiness should shine through based the actions our prospect sees.  Our desire to seek what’s best for the prospect should be easily discernable based on the quality of our guidance and recommendations.

If only it were that easy.

Many of us make a critical mistake when we assume that our prospect hears what we’re saying and sees what we’re doing.

Unfortunately, that isn’t the case.  Prospects see and hear what they want to see and hear.

Nothing demonstrates this more clearly than the current presidential campaign.  There are hundreds of examples of people hearing and seeing what they want to hear and see, not what is actually being said or done.

Although I go on all day with examples, let me give a couple of examples, one from each campaign:

Pigs and Lipstick.  Everyone has seen the clip of Obama discussing the policies of John McCain during a campaign stop where he stated that you could put lipstick on McCain’s (i.e, Bush’s) policies and you’d still have a pig.

Within context it is obvious that Obama wasn’t speaking about Sara Palin.  He was speaking about the policies of John McCain.  But the reactions to this statement are very interesting.

The reactions of the Obama supporters at the event were the exact opposite of what Obama intended by the statement.  They began to laugh uproariously as soon as the word lipstick comes out of Obama’s mouth.  They immediately thought the statement was going to be an attack on Palin–because that’s what they wanted to hear.  They didn’t hear what Obama said; they heard what they wanted to hear.

Likewise, many of those opposed to Obama heard the same thing-an attack on Palin that didn’t exist-again, because that’s what they wanted to hear.

McCain and Economics. McCain has had the same issue arise with his comment that he wasn’t as well versed in economics as some other areas.  He never said he didn’t know anything about economics, he said he didn’t know as much about economics as he did other areas.

As with the Obama statement, the video clip makes it very evident the meaning of his words.

Many who oppose him didn’t hear his statement.  What they heard was that he doesn’t know anything about economics-again, they heard what they wanted to hear.

In both of the above instances there are those who honestly misunderstood the comments.  There are certainly others who intentionally misunderstand them and have twisted them for their own use.

Both men sought to communicate in a relatively straightforward manner.  McCain made a simple assertion that he didn’t know as much about economics as other subjects.  Obama used a common expression that at one time or another most all of us have used.

It can be argued that both men’s speech was ill conceived.  McCain should have known admitting he wasn’t as well versed in economics as other areas would open him up to criticism.  Obama’s use of the lipstick on a pig expression was ill timed due to Palin’s joke at the Republican convention.

But McCain and Obama are trying to communicate with other humans-and doing so with thousands of words everyday.  As such, each will find words coming out their mouths that are less than optimal to advance their respective causes.  Although both have speech writers, both must speak extemporaneously-and that can be dangerous ground for a presidential candidate–or a salesperson.

Each must take great care to phrase their statements precisely, to insure their statements are placed within a context that fully explains them and insulates them from being misunderstood.

We face the same obstacles Obama and McCain face.  We have prospects who hear what they want to hear, not what we say, who see what they want to see, not what we do.

“But,” you say, “they’re dealing in politics where listeners have pre-conceived ideas and agendas.  I’m selling copiers.”

That’s precisely the point.  Our prospects and clients also have pre-conceived ideas.  They also have agendas.  They also hear what they want to hear, see what they want to see.

Just as with McCain and Obama, we must be vigilant in our discussions with prospects and clients.  Fortunately, our job is easier.  McCain and Obama must understand and appeal to their immediate audience while formulating their words for a much larger audience that is present only via the eye of the camera and the microphone of the recorder.

That being said, we, like them, must be intimately tuned into our audience.  We must understand our prospect’s pre-conceived ideas and agendas if we want our words and our actions to communicate what we want to communicate, not what they want to hear or see.

September 15, 2008

Client or Customer? Does It Matter?

 

Do you have clients or customers?  Many salespeople, business owners, and companies use the terms interchangeably, simply meaning someone who has bought from them.  But the difference is crucial to your success in building a long-term, profitable business.

The dictionary definitions begin to make the difference clear:

Customer:  An individual or group who buys a good or service
Client:  An individual or group who engages professional advice and guidance

Which of the above do you want work with?  Someone who buys because you happen to have the good or service they need, or someone who relies on your professional advice and guidance?

In reality, I think the concept of client goes well beyond simply relying on professional advice.  I believe a true client relationship involves a relationship.  The idea of client means an individual or group who trusts, whose needs and wants and circumstances are intimately known to the professional giving the advice and guidance, and where there is frequent and open communication between the parties.

On the other hand, the concept of customer is an individual or group that makes a purchase based on convenience, price, accessibility, or some other factor, including persuasion or pressure.  These are not necessarily one-time buyers.  They may, in fact, be repeat buyers-maybe on a very regular basis.  But their purchasing decisions are not based on their trust of and relationship with the salesperson.  Guidance and advice is minimal or even non-existent.  Contact with them is occasional, often through nothing more than a newsletter, a direct mail piece, or a once a year phone call.

Take a close look at your client database.

  • Which of your clients do you know needs an additional product or service of yours?  I’m not talking about, “everybody needs the Wiz Bang X3 product.”  I mean which of the clients in your database do you know well enough to KNOW you have a product or service they really need-and exactly what product or service it is they need, and their specific problem or issue that it will help them solve?
  • Which of your clients are you comfortable calling and asking for referrals, for a testimonial letter, for a recommendation on LinkedIn?
  • Which of your clients would you not hesitate to use as a reference without asking their permission if needed because you know without question what they will say?
  • Which of your clients can you point to and say without hesitation that they trust and respect you?  Not, “I think,” or “I believe.”  But you know without a doubt they trust you.  If your answer is all, you’ve either not given the question much thought or you’re fooling yourself.

Those people in your database that you can give a positive answer to every one of the above questions are your clients.  The rest are customers.

Clients stay with us over the long haul because their purchase isn’t based on price.  They didn’t buy because we happened to persuade them to make a purchase they later regretted.  They didn’t purchase because we happened to be in the right place at the right time.  They bought because they see us as being trustworthy; giving advice and guidance that is valuable to them and helps them make wise decisions.  Our relationship is more important than a few dollars.  Convenience is secondary, trust and respect is primary.

We all have customers.  And we have customers that for whatever reason we don’t want to be clients.  They may have more demands than their business justifies, we may not work well with them, their needs are so small and infrequent they don’t justify the time and energy investment.

Nevertheless, if you want a sustained, profitable business, you must concentrate on creating clients, not customers. You must identify those customers and prospects that should be-must be-your clients, and then you must invest the time and energy to build the relationships with them that will create a true client, not a customer.

Simply making a sale and adding the name to your database isn’t going to create a client.  Sending an occasional newsletter or making an annual call isn’t creating a client.  Persuading someone to buy something doesn’t create a client.

Clients are created through establishing a relationship, not being sold.  Clients are relationships, not sales orders.  Clients are men and women who can count on you-and you can count on them.  Clients don’t have to question your integrity or advice-and you don’t have to question their loyalty.

Yet you can never be so comfortable with a client that you take them for granted.  In fact, if your client is really a client you wouldn’t think of taking them for granted because you have both a professional and emotional commitment to them.  You’re primarily concerned about their welfare, not your profit.  One arises out of the other.

Clients are not lost because of price or convenience.  Clients are lost because the relationship has broken down, the trust has eroded, their sense of your interest in their welfare is gone.

Search your database and determine who is a client and who is a customer.  Decide who should be moved from customer status to client status and begin creating the long-term relationship with them that will create the loyalty and trust that will provide you with the foundation of clients you must have for your long-term success.  And then focus your attention on finding prospects that you want as clients, not just customers.

Paul McCord is a leading authority on prospecting, referral selling, and personal marketing.  He is president of McCord Training, a Midland, Texas based sales training, coaching, and consulting company.  His first book, Creating a Million Dollar a Year Sales Income: Sales Success through Client Referrals (John Wiley and Sons, 2007), is an Amazon and Barnes and Noble best-seller and is quickly becoming recognized as the authoritative work on referral selling.  His second book, SuperStar Selling: 12 Keys to Becoming a Sales SuperStar has just been released.  He may be reached at pmccord@mccordandassociates.com or visit his sales training website at www.mccordandassociates.com or his highly popular blog http://salesandmanagementblog.com

Copyright 2008, Paul McCord.  May be reproduced without change, with proper attribution and brief bio.  Notice of when and where article is to appear to pmccord@mccordandassociates.com

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