Do You Suffer From Big Deal Intoxication?

November 25th, 2008 by asmiller | 1 Comment | Filed in Sales Process, Uncategorized
Do You Suffer From Potential Big Deal Intoxication?

Do You Suffer From Potential Big Deal Intoxication?

Every week I get a call from a desperate salesperson wanting help with the mother of all big deals. This deal has the potential to make his/her quota for the year or is a big company with lots of potential. The possibility of that potential makes the rep so fanatical that they throw all the rules and common sense out the window. Some times I refer to this as big deal intoxication. They poorly qualify the opportunity if at all.

They skip the steps of the sale process and start committing valuable company resources way too early. They call in the VIP’s to give extra attention when they prospect hasn’t earned the right for that type of attention and they are typically guilty of “premature presentation”. To make things worse they offer incentives, better terms and discounts with the hope of shortening the sales cycle and booking the deal this quarter. If this were a little deal or smaller company they wouldn’t make these mistakes but because of its potential size they are like a dog in heat.  If the sales rep had called me 6 weeks earlier I could have thrown a bucket of cold water on them and guided him/her through the process. With a little coaching they could have kept their emotions in check and helped them either win the deal or disqualify it quickly protecting their time, energy, resources and profit margins! So if you really want that deal and can leave your ego out of the discussion then involve your sales coach early and stop getting intoxicated by the prospect of getting the deal.

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The Question Is Not How To Qualify More - It’s How To Disqualify More

November 19th, 2008 by asmiller | No Comments | Filed in Becoming a Top Performer

Hoping that deal will turn into something more? - Stop!

Hoping that prospect will turn into something more? - Stop!

For years I have heard sales people tell me they want to learn how to qualify better. As odd as this may sound there is a danger to wanting to qualify better. It sets you up to have the wrong mindset and starts a tug of war between you and the prospect. You see there is little or no relationship and prospects are mistrusting of sales people from the start. So you start asking qualifying questions and what happens…they give you the “short answer”. You can feel the tension and resistance but we don’t want to push too hard because this has some potential and we can keep “hope” alive. From my perspective hope sucks!

Hope lets you fill your pipeline or sales forecast with junk (sometimes called deals) that are never going to close. Hope lets you lie to yourself that you have a lot going on and helps you procrastinate from making real sales calls. I once worked with a fortune 500 company who didn’t want to get real. They preferred to live in the land of hope even after I warned them they were setting themselves up for a shortfall. Sadly as I predicted the last week in the quarter $10 million in deals evaporated… not moved into next quarter but actually evaporated into thin air never to be seen again. Painfully they were $10 million short of what they told Wall Street and their stock was punished severely for it.

So I am going to be a contrarian. I am going to suggest that instead of qualifying that you strive to disqualify. By trying to disqualify you will ask tougher questions and the prospect has to sell you instead of you selling them. Your mindset should be positive but slightly skeptical. So it sounds something like, “That sounds great but I am little skeptical because…”. The prospect either has to get real and honest or they quickly disqualify themselves. This will take a little practice because it feels unnatural but once you master it, it will serve you well.   

Until Next Time!

 

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The Secret Sauce For Exceptional Sales Growth in 2009

November 13th, 2008 by asmiller | No Comments | Filed in Becoming a Top Performer, Having the Right Mindset
What will make 2009 a different sales year than 2008?

What will make 2009 a different sales year than 2008?

I was talking with some clients earlier this week. They wanted to know what they need to do to make 2009 the best year ever. As we discussed what needed to happen one of the senior managers said, “We have had this conversation every year and we say the same thing. WHAT IS GOING TO MAKE 2009 DIFFERENT?” What a great observation and question. You see everyone is looking for the secret sauce for exceptional growth. It is typical that companies try to fill in the missing pieces with training in sales, presentation, negotiations, improved sales process, CRM, new marketing approaches, new brochures and a whole bunch of other things yet nothing changes. What my client realized, is the piece that nobody likes to look at.

 

It is not about what you know it is about WHAT YOU DO! You see the majority of salespeople and sales organizations fail to do enough of the proper sales activity. It doesn’t matter if you have additional skills training, a more effective sales process or new marketing materials if you aren’t talking with the right kind of prospects! It doesn’t matter if you sell face to face or over the phone… proper activity makes all the difference in the world! I say it is like having a health club membership but never taking your expanding buttocks to the club. You have the knowledge to eat better and you know you need to exercise but the action or activity to actually go to the club 3 times a week is lacking. Now if you really want great results then you would exercise a little longer per session or go 4-6 times a week. Exercise and sales activity are very similar…bottom line is low activity gets low results and high activity gets high results. Professional athletes and professional salespeople both know this is absolutely true. So the honest question to ask yourself is…are you doing enough of the right kinds of activity on a daily basis?

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Appearance in LNX Magazine

November 7th, 2008 by asmiller | No Comments | Filed in Uncategorized

 

If you are interested, an article of mine was just featured in earning Executive Magazine. I teamed up with Brain Lambert of ASTD to write a white paper on Sales Force Enablement and how to maximize performance of organizations. The article that appeared in the magazine has was slightly altered to focus more on trainers so if you are a sales trainer you may be interested in checking out the the article, Increased Capacity Brings Sales Results on page 22 of Learning Executive Magazine.

 
If you are intertested in the original white paper that was written more for business owners, CEO’s etc or if you are looking for the Sales Force Enablement Checklist that accompanies this paper you may request a copy here or by selecting the resource tab above and then the Sales Enablement section. I will send you a free copy of the 23 page report (in a PDF) complete with a detailed checklist to help you get the most out of your organization.  This paper focuses on the three core areas of analysis for any organization - coporate analysis, sales management analysis and sales team anaylsis.

Thanks for your support!

Until next time!

 

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How I Got Past the Real Gatekeeper and Did a Cold Walk-In On The CEO of FedEx

October 28th, 2008 by asmiller | No Comments | Filed in Becoming a Top Performer, Contacting Decision Makers, Dealing with Objections, Uncategorized
Do you let this guy stop you from getting the deal?

Do you let this guy stop you from getting the deal?

Years ago I had a scheduled an appointment with the VP of sales for FedEx. I had done everything right…found his pain, set an agenda, confirmed the appointment and tied it down to make sure it didn’t get canceled. He knew I was flying in to meet with him and had confirmed the night before. However when I showed up for the appointment he wasn’t there. I was concerned because he had confirmed and I didn’t believe anyone would miss it unless an emergency happened. I had his assistant track him down and she found him at home. He said he decided not to come in that day and that was it. So now I had a few hours before my flight out and I decided to make the best of the situation. I pulled out my org chart that I had made and started calling around. Everyone was either in meetings or out of the office. So I decided to shoot for the moon and do a cold walk-in on the CEO, Fred Smith.

With a little detective work that even Scotland Yard would have been proud of I found out that the CEO was in town and was in his office that day. I found out what building he was in and took the campus bus over to his building. When I walked in it was about 10am and the security was tight. I knew I couldn’t just ask for the CEO so I asked for the Sales VP who I knew was not there because he stood me up. So the security guard started tracking down the sales VP and after a few calls got nowhere as I knew would happen. What this did was gave me time to get to know the security guard. While I was getting to know him I asked him where he liked to go for lunch and he named his favorite place. I asked when he liked to go and if it was crowded because I liked to avoid the rush and he told me when his lunch break was. So guess what. I left and returned when he was at lunch. When I walked up to security I said “Hey you aren’t Joe…oh yea it’s his lunch time”. The point is I sounded like I belonged there!  I told the security guard that I was there to meet with Fred Smith and they told me to take the elevator to the 6th floor and he was the hallway on the right. Earlier I had found out his assistant’s name so when I got up to his office and she was there I told her I was there to meet with Fred.  It was a good idea and I almost made it all the way but unfortunately at the last minute they realized what had happened and I was excorted out by security.

Ok so I didn’t actually get the meeting but what surprised me was how far I could get with a little tenacity and creativity.  My question for you is have you ever pushed the limit and been thrown out of an office building?  I am willing to bet the most of the time you are “playing safe”. I say go for it…shoot for the moon and see just how far you can get. You may be surprised.

Good Luck!

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Focus on The Client - NOT the Sale

October 24th, 2008 by asmiller | No Comments | Filed in Becoming a Top Performer, Building Relationships

Happy Friday sales world! I am getting ready to hop on a plane to Albany to visit an old friend but before I do I wanted to share a quick question I received this week. I also want to share my answer with everyone because I feel like it can benefit many here in the professional sales world. The question was: What are all the questions I can ask a customer to get all the necessary information I need to close a sale? This question is a little generic so I am going to answer fro a few perspectives.

I did not know what industry the reader is in and if the person is really a customer or a prospect? Jay Abraham, the marketing guru, talks about the difference between a customer and a client. A “customer” is someone who you do a transaction with; a “client” is someone who is in your care. That means you have an ethical obligation to understand what they want to accomplish and make sure you can help them make that wish a reality. Too many times I see a sales rep that is all about making the sales and getting the order. Unfortunately the prospect senses that the rep is out for them self and they start to resist. This is why you may feel some tension during the call because you are trying to “close” them. Nobody likes to be closed but they easily buy when the feel your solution will accomplish their goal. How do you change that… by focusing on the prospect and not the order. I don’t know enough about the reader’s situation to give him a list of questions. What I would suggest is that he asks questions that give a full understanding of what the prospect/client wants to accomplish. Then he can show his prospects how his offerings will help the them accomplish those wishes, hopes and dreams. If you have done that to their satisfaction then they will want to buy. There is no hard close just one simple question…what would you like to know Mr/Mrs prospect?  

That said, I do want to fully applaud the reader for asking a the question in the first place! This is the first big step at becoming a top performer - becoming educated.  It took a little while for me to figure that out (see the post about how I had to figure that out the hard way). Kudos to you. If you want some more education - sign up for my weekly newsletters. They are filled with good lessons (and tips, research and action items) that I had to learn the hard way so hopefully your wont have to.

Hope this helps!

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The Top 7 Ways to Avoid All the BS When Dealing with Clients So You Can Get Down to Business

October 23rd, 2008 by asmiller | No Comments | Filed in Becoming a Top Performer, Building Relationships, Dealing with Objections
Tired of not connecting with your Clients?

Tired of not connecting with your Clients?

In my last post I told you about my seven components to effective communication and I let you in on what I know is the be-all and end-all when it comes to connecting with a client or prospect - your intentions. (Go check it out if you have not already.)

I have had a few of you ask me to elaborate some more on the other components.  I realize that you have heard some of these components before but maybe not in this context. The main focus of these components are to eliminate the many pointless road barriers of communication that can put many of your deals “on hold” leaving you with a lot of wasted time and unnecessary frustration. How many times have you been frustrated by a stale deal because you did not take the time to “get real” (in a professional and polite way obviously) and ask the questions that need to be asked. I see this happen in business all the time. We are too afraid that we will step on toes, cross the line, or to step out of our comfort zone that we avoid asking the questions that need to be asked. And many of the times you will not only get the answers you need, but you will end up creating better communication between you and your client! 

So here are what I see are the Top Seven Ways To Avoid BS When Dealing With Clients:

1. Intention is the first and most critical communication skill we will discuss.  Your intentions are more important than your techniques.  People can sense your intentions.  Good intentions, stated poorly, are always better received than bad intentions stated masterfully.  Prospects always intuitively sense your intentions, which are the foundation to building or breaking their trust of you.

2. Asking for what you want is the second communication skill we will discuss.  It is amazing how many salespeople don’t ask for what they want.  Yet there are two major studies showing that, if you ask for what you want, most of the time you will get it.

3. Reflective listening is the third communication skill we will cover.  Many people do this naturally.  It is the ability to really listen to what someone is saying and repeat back to them what they said.  Many salespeople, however, don’t practice reflective listening.  Instead, they have a monologue going on inside their head while the prospect is talking, so they miss valuable information that the prospect tells them.

4. The fourth communication skill we will explore is Congruency. Congruency is the ability to listen beyond spoken words.  It is the ability to observe the speaker’s tone of voice, word choices, and body language in order to hear what is being said and what is “not” being said.  In other words, is the speaker fully expressing what is going on or holding back vital information that is needed to really help solve the problem?  Being able to read non-verbal cues will tell you whether the speaker’s words are congruent with - or match - the speaker’s true thoughts and feelings.

5. The ability to listen without filtering is the fifth communication skill you should master.  It is important not to apply your own subjective “filter” to what someone else is saying.  If you don’t filter, you will be able to fully listen to what the prospect is saying without jumping to conclusions, passing judgment, or creating a “story” in your mind about what you think is going on.

6. Questioning style is the sixth communication skill we will look at.  It involves the ability to determine which questioning approach will work best to help us get to the truth, and then to use it to get a clear understanding of the prospect’s situation.  There are three different questioning styles that can be used, depending on the situation and what the prospect is saying.

7. How to have a difficult conversation is the last communication skill we will discuss.  How many times have we heard the prospect say something that we felt was incorrect or wrong, but we left it alone because we didn’t want to cause trouble?  Or how about when we accidentally misinformed a prospect about something that was critical, and we knew he or she would be angry when we called back to say we had made a mistake? 

And remember some of these may not always get you the answers that you want to hear but they will undoubtedly get you the truth! I encourage you to go try it for a week. Next time you sense that something your client/prospect is saying is not what you think is going on - ask them. Do you want that big fat deal that is a perfect fit for you and your business? - go ask for it! But always remember, you have to have good intention or else none of these will work.

Let me know what worked and what didn’t. And let others know - you can stumble, digg, email this post and much more by using the share this link below.

Thanks and all the best,

 

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The Most Critical Component of Communication Is Not One That You Can Learn

October 22nd, 2008 by asmiller | No Comments | Filed in Becoming a Top Performer, Building Relationships, Having the Right Mindset
Do You Know The Most Important Components of Communication?

Do You Know The Most Important Components of Communication?

Today I was spending some time putting together some good information for my weekly newsletters when I realized that there was one piece of information that I felt really compelled to share everyone. 

I have found what I consider to be the seven key components of communication: 

1. Intention

2. Asking for what you want

3. Reflective Listening

4. Congruency

5. No Filtering

6. Questioning Style

7. Having a difficult conversation

While each of these are a vital piece of the communication puzzle that successful people use in order to connect with and understand others, there is one that I deem as the most critical communication skill of all - intention. Why? Because people can sense your intention. Good intentions stated poorly, are always better recieved than bad intentions stated masterfully. Prospects always ituitively sense your intentions, which are the foundation to building or breaking their trust of you.

Everyone wants to focus on saying the right words or learning some fancy techniques.  However, your intentions are far more important than any technique you could learn!  Prospects can sense your intentions and they will respond in kind.

I have seen salespeople who were very awkward and clumsy from a skill’s perspective, but they closed a lot of business.  Why? Because prospects trusted them.  Prospects knew they were going to be taken care of and that the salesperson would deliver.

In contrast, I have seen sales reps that were very polished and had mastered the sales skills and processes that I have taught for so many years.  But they never closed nearly the volume of business they should have, because they were talking “at” the prospect instead of “with” the prospect.  Whether or not the prospects could express their discomfort to the sales rep, they were able to recognize that something didn’t feel quite right, so they would go off in search of another provider who was more trustworthy.

If you want more details on the other components of communication that I mentioned above you can either sign up for my weekly newsletters (in the right hand column), submit it as your question of the week, or simply leave a comment on this post.

What do you think is the most important component of communication?

All the best,

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Questions About Selling? Take Initiative and Gain the Advantage

October 20th, 2008 by asmiller | No Comments | Filed in Becoming a Top Performer, Uncategorized
Have a Sales Question?

Have a Sales Question?

Over the years I have encountered all types of questions about selling. Some are pretty common but many times I have been asked very tough and intriguing questions.  Often I have my opinion as to how something should be handled. I recognize that there is more than one way to handle a situation so I am always in search of the best ways and practices. In my search for the “truth” I have had the good fortune of connecting with some of the best sales and marketing minds in the business. Until a few years ago, almost everything you learned about selling was based upon practical experience, conventional wisdom, some sales training and very little if any research. Now with Universities around the world offering degrees in selling they are compelled to research and publish their findings. I have been fortunate enough to have access to the latest sales research as it gets published.  Typically there is a 10 year lag between research findings and the sales force having access to that information. I have to admit the research is very academic and as about exciting to read as a scientific abstract on the cell division of an amoeba.  In spite of the dry reading there is one thing that I do glean from the research - proven statistical facts about sales practices… what works and what doesn’t.  This means that not only do I have my experience to answer the many questions I get asked on any given day, I also have knowledge and data to back up all types of questions.

So what does all this mean to you? I have decided to put together a little opportunity for all of my blog readers.  I invite you (and your colleagues, employees, friends etc.) to submit any questions you have (by filling out this form) at anytime during the week.  I plan to read through them and choose 2 – 3 of the best to answer on my blog each Friday.  This is one way I can give back to the sales community and dispel all the bad and outdated information that is out there.

Go Submit Your Weekly Question and don’t forget to check back on Friday to see if your question was chosen. (fyi - even if you question was not chosen this week there is always the chance that I may address it in a later post or in the weekly newsletters.) Ask away!

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Everybody Needs A Little TLC - The Trick Is Figuring Out How

October 16th, 2008 by asmiller | No Comments | Filed in Building Relationships, Uncategorized
Machu Picchu

Machu Picchu

Sorry for the delay in posting. I took a long weekend and went to LA with some friends. For the last 15 years, every October, I go with 2 other friends on some exotic adventure trip. We have been trekking in Thailand, Angkor Wat in Cambodia, Scuba Diving in Indonesia, on safari in Kenya, climbing volcanoes and gorilla watching in Rwanda, the Amazon in Brazil and last year’s trip was to Machu Picchu in Peru.

This year the plan was to go to Laos and Vietnam but we couldn’t go because of major health issues with our aging parents (all 3 of us). So the booby prize was a long weekend to LA for some sun and fun. We played tourist the whole time going to muscle beach, Santa Monica pier and the Getty Museum which is a must see if you haven’t seen it. (I’ll share some pictures when I get them uploaded).

Andy and Jayme Brooks

Andy and Jayme Brooks

A special treat was driving up the coast to Venture where we went to see our good friend Andy Brooks. Andy used to be the executive chief at a high end restaurant in Washington DC (DC Coast) before moving to Ventura and opening up his own restaurant (called Brooks) with his wife Jayme. Andy is a great chief and a smart guy. In 18 months he had 6 articles written about him and won an award for the best wine list in California for under $150. I have always been amazed at how delicious and consistent his food is. I could go on and on but here is the thing that amazed me the most of all. Andy spent a lot of his evening talking going from table to table and giving each patron some special attention. Now Andy is a real outgoing guy so that is not too surprising but it is rare that I have been to a high end place and the chief came out to say hello.

 Andy knew how to read people and to give them just enough of what they wanted. Let me say that again. He wasn’t out there to get praise and recognition. He was out there to give each patron a unique experience in just they way they wanted it! Some patrons got a quick visit while others were more talkative and got a little extra time. Andy’s wife Jayme is an accountant during the day and greats people as the come to the restaurant at night. She is slightly on the quite side but a real joy to be around. She too knew how to read people. Each patron got a greeting that matched their style. Some got a hand shake, some got a hug and others received a warm and friendly hello. Both Andy and Jayme had mastered the platinum rule. The golden rule says treat others the way you want to be treated but the platinum rule says treat others they way they want to be treated. When you combine exceptional food (or product/service) with exceptional experience you get a following of raving fans. Isn’t that what we all want for our businesses? 

What do you do to adjust the way you interact with your customers and clients to enhance their experience? Let me know by leaving a comment at the end of this post.

Until next time!

Best,

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