April 18, 2008

Listen to the Herd, But Don't do what the Herd Did!

One of my guilty pleasures while driving to or from a morning appointment is listening to Colin Cowherd on ESPN Radio. Though I don't always agree with Colin, I enjoy his "takes" on sports and life. He often has interesting guests and is very topical. It's refreshing to me that he will not always toe the ESPN company line or the expected politically-correct positions of most of the mainstream media. Colin is very entertaining.

Colin has had a checkered and colorful road to national morning radio stardom. Though there has been many media jobs, Colin also tried his hand at sales while living in Las Vegas. Earlier this year, he related a story about a failed sales call. In my mind though, it really wasn't his fault. He didn't know any better.

From my memory, I'll relate the episode below with apologies to Colin for any inaccuracies. There is certainly an important sales lesson here.

It seems Colin had an appointment with a Bank Vice President. I think he was selling advertising at the local Minor League Ballpark. Colin, however, was young and ill-trained on sales best practices. That day, as he entered the VP's office, he did what he thought was the natural and correct move on meeting someone for the first time: He scanned the room.

BAD MOVE!

Colin states: "I was a young 20-something with no idea what went on behind the scenes at a bank. Who was I to have a business conversation with this bank VP?"

Behind the desk was a picture of the VP (a 40-something man) with seven or eight kids all dressed casually in shorts and t-shirts. Colin assumed it was of the VP with a sports team he had coached. On a bookshelf was a helmet with a single "Y" on it. Clearly, it had been worn on the field of battle.

Gathering himself, Colin started rambling about what he saw: First he let the gentleman know that he thought it was great that he was involved in youth sports. After all, sports was life to Colin. Second, he figured the VP went to Yale - the big Y on the helmet was the giveaway. Feeling good about himself – hey, he was still there and talking he must be doing a good job - Colin moved on to rag on the other team with a Y on its helmet - Brigham Young University. Yalefootball


Well, it turns out Colin was wrong on both counts. That picture was of the VP’s family. He was a devout Mormon with a large family, and of course, had attended and played football for BYU!Byufootball


After all this was straightened out, Colin looked at the VP and said something like, "You are not going to buy anything from me today, so I am going to leave now." He slinked away feeling more and more like his future was in radio rather than sales.

But it did not have to be that way! Colin was relying on the old Willy Loman-esque stereotype of a salesperson that sales is all about building rapport, and getting your prospect to like you. After years and years of studying sales performance, we know now that people don’t buy from people they like. People buy from people they trust. Steven Covey, in his seminal Seven Habits book, defines trust as sincerity plus competence. Offering his thoughts on his prospect’s life was a dangerous opening for Colin. First of all, it reinforced the buyer’s stereotype of the over familiar insincere sales guy. In the Vp’s mind, Colin didn’t really care primarily aobut getting to know hi. He wanted a sale! Colin also assumed that by his visually scanning the room he knew his audience. See Walter Matthau’s Morris Buttermaker's famous mnemonic from The Bad News Bears for why assuming is a critical mistake. Matthau

Side Note: I found after a little research that Matthau borrowed the Ass-U-Me line from an episode of "The Odd Couple".

What should Colin have done instead?

1) Do some research.

Before the meeting, talk to your boss or others to figure out the highly likely priorities, issues concerns, etc. of a Banking VP when considering advertising and then ask questions to confirm the expectations. If you can't do that, then at least ask open-ended "what are your advertising priorities?" type questions early in the meeting;

2) Let the prospect lead the way on building rapport.

If the VP wants to talk about his family let him and ask non-intrusive questions. If he wants to talk about the football helmet, let him. As Colin found out, it is too dangerous to your livelihood to make assumptions based on visual cues.

3) SSSSHHHH!

How about some silence? Silence can be a great sales tool. Colin should have walked into the office and stated, “Hi, I’m Colin Cowherd, I appreciate your taking the time to meet with me.” Then, 4-5 seconds of silence, while he takes his seat, gets out a notebook or writing pad, whatever. The prospect will either fill the void with some innocuous rapport building comments or wait for the business of the meeting to commence. Either way, the sales person is safe and hasn’t hurt his chances of success.

After listening to Colin for awhile now, I think he’s a reasonably intelligent guy. With some guidance like the above, he could have been a sales star, but I guess like Grandma Pauline always says, “things do seem to work out for the best!” Colin seems to be doing OK.

March 06, 2008

Hey Sales Managers: In Sales, Often BAD NEWS = GOOD NEWS

Pressure, Pressure, Pressure. Those of us in our 40s may be thinking of the Billy Joel song. Those of us that carry quotas or rely on sales to put food on the table or pay a mortgage (or two), understand pressure. Or more like what it is to be in a pressure cooker.

Canningpressurecanner

Good Sales Managers relieve pressure by recognizing that bad news early in a sales cycle is GOOD - it frees up time to hunt, fish, harvest (pick your metaphor) elsewhere.

This thought is further illuminated by Sales Guru John Holland HERE.

So, Managers use pressure a different way: Encourage your reps to scrub out stale, losing, unqualified opportunities and work on the good well-qualified ones. Expect closes from un-qualified opportunities and what you will get is a burst pipe!

Frozen_burst_pipe

February 12, 2008

These are a few of my favorite things....

Valentine's Day is coming this week. Rather than discuss the best ideas from Victoria's Secret (wah-wah-wah), Godiva Chocolate, the florist or some other expected purveyor of romance, I think I'd rather go in another direction. If you really love someone, show them how much with a gift of .....wait for it...PRODUCTIVITY!

...hey, give me a break, you try to come up with witty, fresh sales-blogging ideas on a regular basis...

Now, here's what I'm talkin' about:


BLACKBERRY PEARL - BEST BB FOR ME.

Bb_pearl_4

Late last year, I bought a Blackberry Pearl. To borrow and butcher a phrase, "How did I ever leave home without it?!?!"

For a few years, I rejected getting a Blackberry, because I knew inevitably I would "holster" it and rub up against a wall, car door, file cabinet, etc. and ruin it. Or worse, like I've heard from numerous others, I would inadvertably test its buoyancy in the rest room. I know, that's gross. But I've heard at least three versions of the nasty tale: 1) "when I loosened my belt, it just slipped in"; 2) "my thigh hit it and it jumped in"; or 3) (this is the worst one) "ever try balancing one of those between your shoulder and head, while..." well, you can figure out the rest.

I also felt a little dread whenever I was in a face to face meeting without my laptop open and someone asks if I'm available at a certain time and date in the future. "Um, I think that works for me." I would stutter. If only I had a Blackberry, or some other smart phone that synched with my Outlook calendar. I had tried a bulky windows-type mobile device and hated the size, user interface and navigation.

So, instead I prayed each night before gooing to sleep for two things: 1) a Blackberry that comfortably fit into my pants pocket like a clamshell cell phone and 2) a Giants Super Bowl victory.

WOO-HOO!!!!!!

This thing is amazing. It opens attachments, holds my MS outlook calendar, contacts, notes, and email. It even has a good-enough camera. One feature I haven't tried yet (no reason so far) is the external memory. You can shove one of those mini SD cards in the side making it a true mini-computer. It can hold songs, videos, pictures, or more importantly, sales tools like scripts, proposals, slides, etc.

Love it.


GOOGLE DESKTOP

Thrive even with one of these: Messydesk_4

I've been using Google desktop for over a week now, and I'm very impressed. You really don't need folders in Outlook or My Documents anymore. I believe a neat desk is the sign of a sick mind. If you agree, this tool is for you.

Let's say you need to put a proposal together. You'd rather not start from scratch, and it is a hassle or at least time consuming to search your electronic folders for a good template. But, you know intuitively that if you just had a particular email and/or file from the past, you could pull the proposal together quickly and move on. Enter Google Desktop with search. Tap in a few key words that relate to the proposal you need to write, wait a couple seconds, and Viola` up pops a list of files - word docs, spreadsheets and emails from the cracks and crevices of your hard drive that you can borrow from to create that winning proposal. yes, it seraches outlook email as well as you electronic folders.

We teach CustomerCentric Sellers to confirm what they've learned on sales calls through correspondence. Often the current situations and capabilities discussed are similar from one account to another. Why start from scratch? Use Google desktop to save time for more important things, like doing something sweet for your Valentine.

January 22, 2008

Bosworth Webinar on Just in Time Sales Messaging

Passing along info on a Webinar that can change your pipeline/company/career.


Feb. 6, 2008, 1-2PM ET: Integrate Just-in-Time messaging into your sales process and close more enterprise sales Featuring Michael Bosworth, Co-founder and Co-author CustomerCentric Selling® and Jeff Ernst, VP Marketing, Kadient. Click HERE to register.

In today's multi-tasking world, B2B enterprise salespeople are "just-in-time" opportunity-specific learners. This webinar will offer thoughts and ideas on defining and integrating messaging needs to help you more successfully manage and close enterprise sales.

During this session, you will learn:
1) To align you sales process with the customer's buying process
2) How to identify the buyer's needs at each stage,
3) The sales messaging needs of the seller at each stage and,
4) How technology can help reinforce the appropriate just-in-time sales ready messaging

Why should you attend? Close more deals by gaining an organizational framework for defining and implementing a customer centric sales process within your own organization.


Wednesday February 6, 2008, 1-2 pm EST (10-11 am PST/6-7 pm GMT)

Are Sales and Marketing Getting Along? Read this...

Last Week, David Daniels of LaunchClinic interviewed me here on the integration of Sales and Marketing especially when launching a new product or release. My thoughts are mostly applicable for business to business launches.

Excerpting:

"Imagine a product launch with a tight web site, brilliantly executed analyst meetings, and maybe even a snappy video for a trade show. After these events and tasks are complete, marketing execs tell sales, “Go Sell! The market is waiting!” What happens next? Sellers go out and have conversations with prospective buyers. What are these sellers saying, asking? Does marketing and product management even know? How do they or sales management audit those conversations? Is there a feedback mechanism for buyers? Usually, there is no pattern or roadmap for these discussions. Largely, sellers are winging it. Marketing, then, has lost control of the message. "

In Summary:

A product launch takes planning and should involve product development, management, marketing and sales and customer feedback.

January 10, 2008

HOT SUCCESSFUL WOMEN!!

Yes, we are going to discuss some hot successful women, but now that I have your attention, today’s subject is really sales ethics. Was that a giggle I heard?

Like coming down off an incredible sugar high, Sunday night TV was lame. NFL wild card weekend was over (Yay, GIANTS!), no college football bowl games either on TV.

Looking for an hour or so away from our keyboards and Crack-berries, my wife and I channel surfed a little before 10:00 PM eastern. This writer’s guild strike is killing us couch potatoes! Rather than grab a book – like we should have – we settled in with the pilot of a new show on ABC – Cashmere Mafia.

Stylish, set in NYC (the nice settings), and billed as the network version of Sex in the City, which my wife and I loved sharing, we thought this looked promising. Hmm, Sunday night with these new Fab Four might be relaxing.

Cashmere_mafia_2

I will say that it was more Sex in the City and less Desperate Housewives – a good thing. You can Google it yourself for a full review, since that’s not my intention. I do, however, want to zero in on one plot line that just disgusted me.

One of the main characters is Mia Mason, played by Lucy Liu. In an opening scene, her boyfriend Jack, played by Tom Everett Scott, proposes marriage to her sweetly, and she accepts. The two of them are high powered magazine execs working for the same publisher but different publications and seem very much in love: A sure-fire hint that this won’t continue.

Moments later a CEO-Chairman type emerges through the office building turnstile announcing that the two are dead-locked in the race for the open publisher position – the position to which these two report and both covet. How are they going to break the logjam? Well, big boss states that whoever sells the most advertising for their publications for the present quarter wins! A Sell-off. And there's less than a week left in the quarter.

Okay, this should be interesting, something I can relate to as a sales guy myself. How will the two lovers reconcile their feelings for each other with their ambitions? Will the loser stay on and report to the winner? Can their nascent engagement hold up? These are the questions the writers most surely wanted the viewer to guess at going into the commercial break. I know we were.

Well, it seems I naively left one out! Which of these 30-something beautiful and successful people will stab the other in the back (REPEATABLY!!) to win the prize?

Long story short – instead of going after her own clients, Mia either steals or sabotages Jack’s for her own gain and win’s the prize. From Mostly Movies: “When he complains she points out that she wasn't invited when men made the rules, so she's got to fend for herself.”

Nice.

And this is his fiancé!?!

SHE SHOWS NO REGRET.

Predictably, he leaves her.

Ok, she looks sad about this unintended consequence of her actions, but there’s no exploration.

Sidebar: What if David Mamet had wrote this? At least with Mamet in Glengarry GlenRoss, viewers and the writer are in synch that some of these folks were scary slimy. But we don't always get that kind of respect as network TV viewers, do we?

Sidebar 2 For Tom Everett Scott’s sake, I hope he not only leaves Mia, but the show. He was great in “That Thing You Do.” Go back to movies, Tom!

So, let’s set aside the personal side of this story and explore the Sales Ethics and business sense of what went on here. Again, stifle the smirks.


1) Mia proved she can close business that someone started. Woo-hoo! I hear stories all the time about so and so being a great “Closer”. Many of these folks have another nickname during economic downturns – they are called Unemployed. A truly great sales person can seek out their own opportunities and close them for top dollar with self respect and the respect of her peers.

2) Mia proved she can wine and dine and flatter a prospect. Ok, not a bad skill. Who wouldn’t enjoy spending casual time with Mia (Lucy)?

3) BIG ISSUE FOR ME: Net-Net the publishing conglomerate lost because of this contest. Instead of both sellers selling huge deals to different customers, they went after the SAME ONES! I one instance Jack is pursuing a large auto manufacturer for a big spread. We are lead to believe this is his idea. She steals the client for her publications, instead of pursuing her own advertiser.

One woman’s gain, another man’s loss. BUT big publishing conglomerate loses! Hmmm, are there any rules of engagement - in business or in love - here?

If you think this crap happens all the time, and aren’t bothered by it, maybe that’s why you chuckled after reading my opening. No, not the part about hot women.

Think about it.

Is there a ballgame on tonight?

January 09, 2008

Business Travelers - BEWARE!!

Folks:

Sales often is about face-to-face conversations. That means travel.

So, if you travel you must watch this! Whatever you do, make sure you bring your own glasses when you visit Atlanta!!

Click Here!

Thanks to Larry Hart, mentor and confidant for this.

December 20, 2007

Excellent White Paper - CRM and Sales Process

I received an email with the below link to a well written white paper from CSO Insights and thought you might benefit from reading it. After hitting the link, you'll see that Salesforce.com is the distributor of the paper (for obvious reasons) on behalf of CSO Insights.

From the email:

“Sales organizations that have formalized sales processes—in conjunction with an easy-to-customize CRM application—fare significantly better than those that do not. In this new white paper HERE CSO Insights provides detailed reasons behind these performance improvements and highlights the hard dollar impact they can have on sales performance, including:

:: Double digit improvements in the number of sales reps

achieving quota

:: Success rate increases at all major stages of the

sell cycle

:: Unprecedented improvement in win rates of

forecasted deals

:: Significant ROI from CRM investments

Enjoy!

December 03, 2007

Like a funnel-shaped Colander?

A lot of leads never drop out the bottom of the sales funnel.

Funnel

So, why do we call it a sales funnel?

David Daniels suggests here that "the lead qualification process" is more "like a series of rooms connected by doors" than a funnel.

I like his thinking.

His imagery (and image, go to link above) made me think that sales is really about having leads stay in the funnel-shaped colander until they drop out of the bottom, rather than fall out of a smaller and higher hole (or earlier hole).

Maybe like this Double Colander - Bon Appetit!Funnelcolander

November 14, 2007

Processing Inbound Interest - Avoiding the Heisman!

I walked into a local Men's clothing store the other day. The manager greeted me with the expected, "How can I help you?" I swiveled my hips, through up my right arm like the Heisman Trophy stance and replied, "That's okay, I'm just looking around." Heismantrophy


After browsing for a few moments, another prospective customer walked in. The manager was otherwise occupied, so one of the impeccably dressed sales people stepped up, but this time with a thought-provoking query:

"What brought you into the store today?"

PERFECT!

This customer realized he couldn't respond with a "Just looking" - it would be close to a non sequitur. Instead, he replied, "I need some clothes for a weekend party." Buyer and seller then proceeded to look consider some shirts, pants, sport jackets, etc together.

I, on the other hand, went aobut my business solo.

See, the difference in the two sellers' questions is that the one reminds us of all the lousy buyer-seller relationships we've had in the past. I threw up the Heisman pose because I wanted to be in control, not "sold to". The latter CustomerCentric seller, saw his role as facilitating the customers buying experience and sought to put the customer at ease from the outset. That customer was engaged by the seller and may have felt comfortable that this buying experience might be different than previous ones.

The clothing salesman's opening has a parellel in Business to Business sales. Asking for more information off a web site, or contacting a provider proactively is like walking into a men's clothing store.

For the seller, it is all about processing inbound interest.

"What brought you into the store today?"

Isn't that the same as asking "What are you trying to accomplish?" or "What are your objectives in contacting us today/this week/recently?"

Don't these sort of questions, engage the customer to discuss things about their life (retail), business priorities, that the seller would never discover, or discover too late ifd they just asked "Can I help you?"

Too often sellers treat potential buyers who come to us through an inbound medium as fresh meat too eager to get into the wallets of buyers. Instead, consider the following when processing inbound interest.

1) Confirm goals, issues challenges by asking, "What are you hoping to accomplish?" or "What are your objectives in researching a ____ (insert business description) provider?"

2) Adjudge where they are in their buying process;

3) Ask about capabilities needed or that they’ve seen in the marketplace to see if they are looking elsewhere;

4) Ask who else besides the caller/emailer would be involved in an evaluation;

Start off your buyer-seller relationship with these conversational tools and you'll likely avoid the Heisman stiff-arm!

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