Lance Tyson's Blog - Posts Tagged "sales-tips"

Gaining the Edge: 3 Steps to Taking the Lead in Sales


I recently made a visit to the orthopedic surgeon to check in on a shoulder issue. I didn’t walk in the door wanting to sign up for surgery.

After spending a bit of time in the waiting room, I was led back to another part of the office, where a nurse practitioner asked me a number of questions about my health, took notes on my weight, temperature, and blood pressure and interviewed me about my health history. They gathered lots of information about me in order to help the doctor accurately evaluate my condition.

And, all the while, I was evaluating them, too – on the thoroughness of their process.

COMPETITIVE EDGE INSIGHTS FROM THE MEDICAL FIELD

When the orthopedic surgeon came into the room, he took the time to connect with me personally. He immediately developed a rapport with me, just the way most good salespeople are able to do with their prospects. But, beyond that, he established his credibility by demonstrating his expertise and showing me that he had done this before. His questions were focused, and he was clearly asking them in order to understand me better rather than simply waiting to respond.

When the doctor segued into a diagnosis, he had my full attention. His bedside manner, the questions he asked, and the level to which he appeared to be interested in listening to my answers all played a key role in how I reacted to his diagnosis and my willingness to accept that it was accurate. By the time he moved from the diagnosis into a prescription, I was already sold. I could have opted to get a second opinion or go down another path, but he had already gained my confidence through his open-ended questions and the way he skillfully guided the conversation.

GETTING TO THE RIGHT SELLING SOLUTION

In today’s complex selling environment, salespeople need to make the buyer a partner in getting to the right solution. But there’s a common misconception that sales is all about building relationships. In reality, though, sales is about developing three essential elements: credibility, rapport, and understanding the prospect’s needs. Relationships are a byproduct.

Everything salespeople say and do, including their appearance, adds or detracts from their credibility. Credibility yields trust and, in turn, improves rapport.

When good rapport is developed, the buyer feels confident sharing more information, which increases understanding. Only when those three elements are established in equal measure can salespeople achieve the right solution and gain a competitive edge.

FOUR THINGS EVERY SALESPERSON MUST DO TO GAIN A COMPETITIVE EDGE

That’s why the diagnosis step is critical when it comes to transforming indifference into interest in the buyer’s mind. The job of the salesperson is to:

- address the buyer’s doubts,
- establish credibility,
- ask the right questions to get an accurate read on the buyer’s situation, and
- adjust the diagnosis based on the buyer’s input and needs.

Once you get to the correct diagnosis, the next step is to prescribe a solution. The right solution to the wrong problem is worse than the wrong solution to the right problem, so it’s crucial to get to the correct diagnosis. In sales we tailor the solution as much as possible to the specific needs of the buyer. At this point, the buyer will have lots of questions: What is it? How does it work? Who says so, besides you? Can you prove it? To overcome doubt in the buyer’s mind, the salesperson needs to give the buyer exactly the right amount of information, and no more, about the solution.



This is a step-by step process and takes place within a fluid world. It might be possible to cover both the diagnosis and prescription in one meeting, or even a conference call. Or, in a more complex sale, it might take three or four meetings to connect, evaluate, and diagnose – leading to a prescriptive presentation. The pace and complexity of a sale are dictated by the marketplace and the product.

Regardless of the time horizon or complexity of the sale, the process and steps remain the same. They can be adapted to suit any situation or customer, but the sequence remains constant.

WANT TO KNOW MORE ABOUT HONING YOUR TEAM’S COMPETITIVE EDGE?



Purchase a copy of my best-selling book, Selling is an Away Game, here

To learn more about how away-game selling can give you a competitive edge, contact Tyson Group here.
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Published on November 14, 2019 07:15 Tags: communication-skills, sales, sales-advice, sales-tips, sales-training

Powerful Impact Statements: The Key to a Great Sales Opening


In a previous post, we introduced the concept of the Impact Statement and using that tool to focus the opening of your sales call. Remember, as stated before, no one is sitting by the phone waiting for your unsolicited call, and sometimes, not even your scheduled phone call. People are busy. They have things that they need to get done, especially if they are in any kind of decision making capacity. So once you break their preoccupation and get their attention, you have to build their interest. And for that you need an effective Impact Statement to tell your story.

WHAT IS THE IMPACT STATEMENT?

In its most basic form, the Impact Statement is an elevator pitch. You’re trying to get across very succinctly the primary benefits of doing business with you. Salespeople often fail on this point. Without a solid Impact Statement, your average salesperson will meet a prospect with a laundry list of what their company does without making any connection with the buyer. In short, they spray and pray.

The Impact Statement should be a thirty-to-forty-five-second commercial. And like a commercial, the Impact Statement should speak the buyer’s language, not yours. It needs to tap into the buyer’s mind-set, address their needs, and create opportunities.

WHAT IS THE BASIC FRAMEWORK OF THE STATEMENT?

There are 4 basic components of your Impact Statement that, when melded together, will deliver an impactful message that will generate interest from your client. Here are those components:

Provide the general benefits you bring to the table. This is where you give a general challenge your other customers in your prospect’s industry have faced in the past, and a solution to that challenge.

Give a brief overview of how you work or provide an example. Here is where you provide a brief synopsis of how you work, how your product or service has provided the general benefits for your other customers. This part gives your statement credibility.

Suggest similar benefits are possible for them. This part pulls back and adds a sense of realism to the statement. In an earlier post, I recounted how my team of new salespeople, fresh out of college, were calling their prospect base and promising to deliver 10 to 40% increases in revenue when they knew nothing about the prospect’s business. You can’t make promises like that. But you can imply a correlation with a statement like, “We’ve done this for our clients. We might be able to do the same for you.” That’s not a claim. It’s a potential opportunity for the prospect.

Trial close – Get an appointment or advance the sale. Usually, this last component is the trial close. You’re asking the prospect if they are willing to walk through this discovery process with you. You’re asking them to take the next step.

WHAT DOES A GOOD IMPACT STATEMENT LOOK LIKE?

Remember my encounter with the financial advisor, Doug? He might say something like:

“You know, if you’re like a lot of the folks we work with, you’re probably looking to sustain your lifestyle over a period of time, get your best return, create an income even as you sleep, ensure the success or legacy of your family. We help our clientele do that by getting a clear understanding of where they are and where they’re going. And we also design and build options for them to execute that long-term plan and, ultimately, we measure results. We might be able to do the same for you. Would you mind if I ask you some questions about your financial situation?”

Do you see the four components in this example? Using something like the above Impact Statement, a financial advisor can communicate a succinct message in a predictable way. They aren’t talking about their financial services business. But they are talking about what their financial services business does for people like their clients.

WHAT SITUATIONS ARE BEST FOR THE IMPACT STATEMENT?

The Impact Statement can be used in all sorts of scenarios where a salesperson is trying to get the prospect to be more receptive. It will do two things. First, it will qualify the prospect to see if they’re a good fit for the salesperson’s services. Secondly, it will qualify the salesperson in the prospect’s eyes. Remember, they are also judging how the salesperson builds rapport, trust, and understanding of the prospect.

Here are some examples of where you can use an effective Impact Statement to generate some initial interest:

- Business Development to set appointments.
- Face-to-face meetings.
- Social Selling situations.
- Networking events.

One of the drills that we work on with the salespeople we train is: “Can you tell a prospect or a prospective buyer what you do in less than thirty seconds?”

Here’s another example. If I were selling accounting software like QuickBooks and I get an entrepreneur on the phone, I might say something like the following to get an appointment with them:

“Look, if you’re like a lot of entrepreneurs, you’re probably concerned with money in, money out, accounts out the door, and taking care of all the taxes and things you’re responsible for as a business. We’re able to help businesses like yours because we have an understanding of what they’re trying to do, what kind of business they’re in. We have a couple different versions of software that are less complicated for different kinds of businesses, and then we teach you how to use it so it becomes part of your system. I’m not sure we can do the same thing for you. Do you mind if I ask you a couple of questions, or would you be willing to meet over a cup of coffee?”

A FANTASTIC OPENING IS THE BASIS FOR POWERFUL SALES CALLS

Remember, when opening your sales call, you’ve got to be able to speak with impact and credibility. You put in plenty of work to break your prospect’s preoccupation and win their attention. Don’t waste it with a lukewarm effort to get their interest or use the time in a fishing expedition. Instead, know how you are going to work with this prospect to cultivate interest. Your goal is to reach the point where they want to know more when you arrive at the trial close.

So, I leave you with this action to take. Before talking with your next prospect, create your own Impact Statement by answering this question: what can I say about my business that answers what I do, how I do it, and why it would be important to them?

Once you have your Impact Statement, you have to present it in a compelling way. Be sure to download our digital publication, Basics of Dynamic Sales Presentations, here and give yourself a tactical advantage when opening your sales call.



Want more? Purchase your copy of my best-selling book, Selling is an Away Game, here.
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Published on November 14, 2019 14:09 Tags: prospecting, sales-open, sales-process, sales-tips, tagged-presentation-skills

3 KEYS TO ACHIEVING SALES SUCCESS


SALES WISDOM I’VE DISCOVERED IN MY CAREER

Throughout my time in sales, I’ve researched numerous complex theories, process descriptions, tactics, and strategies. In addition to these, I have also come across a number of quips from sales gurus who try to encapsulate sales success in a simple phrase that can be easily understood, even by a 5th grader.

For example, Zig Ziglar was famous for saying, “Either you’re green and growing or you’re ripe and rotten.”

Not only is this a nice example of an analogy, but it’s a message to all salespeople, young and old, that you need to be learning new stuff all the time. Otherwise, you’ve reached the end of your useful life.

Throughout my training sessions, speaking engagements, and lectures, I’ve peppered my talks with my own version of these sales success tips based on my own experiences. In my book, Selling is an Away Game, they are referred to as “Lance-isms.” Here are a few you can use to put you on the path to your own sales success.

SALES SUCCESS KEY: BE YOUR OWN ARCHITECT. THE WORLD IS YOUR OYSTER.

This is one I actually heard from my father. I still use it in my sessions to impart upon salespeople that they have the freedom, power, and responsibility to visualize and create their own outcomes. They simply must do the work necessary to reach those outcomes. But as we teach in our sales leadership programs, people will work willingly in a world they help create. And they will work tirelessly to reach a goal they set. So, we coach and encourage salespeople to set meaningful and relevant goals that support the world they envision. In doing so, they find the motivation to propel themselves forward as opposed to having the sales manager hold their hands, constantly micromanage their activities, and sometimes even give them a push.

So, to sales leaders I say coach your people to be independent. Give them the responsibility to act.

And to salespeople striving for sales success, I say be your own architect. The world is your oyster.

SALES SUCCESS KEY: DON’T CONFUSE ACTIVITY WITH RESULTS

Back when I ran several training franchises in Ohio, I had a new sales rep who spent a lot of time developing a territory about 70 miles north of our office location. He cultivated some good leads, made some good contacts and we held a few training events in the area. But the trip there and back cost him over two hours every day. That was over two hours every day that he wasn’t in front of a prospect. That was over two hours every day that he wasn’t selling. That activity may have been necessary to get him up to the area, but it wasn’t getting him the results that he wanted, more sales.

I see this all the time. Sales reps getting caught up in performing busy maintenance work, like updating the CRM – important functions to be sure. But these aren’t selling activities. These are maintenance activities. Remember, don’t confuse activity with results. Use activity to build habits and skills. Then use those habits and skills to get the results you want. If you aren’t getting results, build up some different habits and skills. But focus on getting the results you want. If you do that, you’ll have an easier time of identifying and performing the necessary activities.

SALES SUCCESS KEY: STOP SPRAYING AND PRAYING

I was once in the presence of a gifted sales rep who was producing mediocre results. The guy was able to read people quickly and easily. The challenge was in his selling method. He would sit across from the prospect, rifle through a list of features, and watch the prospect for a reaction. When he got a reaction, he would focus on the feature that got him the reaction.

The problem here is that you aren’t interacting with your prospect. You aren’t performing any type of diagnostic conversation. You aren’t helping them to identify and acknowledge their challenges. You’re simply poking them with a variety of sticks, looking for that one, magic stick that will make them jump.

And then you’ll keep poking them with that magic stick hoping for a sale.

Add to the fact that not every sales rep has the skill or temperament to read people that well. They are simply praying that something they sprayed will stick.

Look, to produce consistent results and achieve sales success, you must be like a scientist or an engineer and adhere to a reproducible and repeatable process. Showing up at a prospect’s door, spraying out a bunch of product features, and praying that something will stick is not a recipe for reproducible results. Be investigative in your approach. Diagnose your prospect’s challenges. Design solutions that solve their challenges or create opportunities for them. And above all else, stick to your sales process.

Remember, If you have to pray for a result, your activity isn’t producing it.


For additional Lance-isms and ideas on achieving sales success, pick up a copy of Selling is an Away Game, available online at Amazon, fine bookstores and many Hudson News locations.
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Published on November 21, 2019 13:03 Tags: sales-advice, sales-success, sales-tips

HOW TO INFLUENCE SALES BY TURNING THEIR IDEAS INTO YOUR IDEAS


In a previous post, I spoke about empathy and sympathy and how it’s better to be sympathetic to the client’s situation vs being empathetic and joining them in the situation. Let’s delve a little deeper into that and see how we can use this to influence the sale process.

Diagnosing is a delicate business. Doesn’t matter if I’m solving a need or creating an opportunity when I’m selling my product or service. I need to be sympathetic to the prospect’s conditions and help them face their situation. In other words, I have to do something I said previously I would never do. I have to tell the prospect in a nice way that “their kid is ugly.”

Diagnosing is a delicate business. Essentially, we need to tell our prospect in a nice way that their kid is ugly.

As salespeople, we are identifying that gap between where a prospect is and where they want to be. Essentially, we’re telling them that they have a problem, need to make a change, or need to make a commitment. And we have to be careful when stating our diagnosis. We don’t want to make the prospect feel the pain or imply that they are incapable of taking action.

Remember, we are selling to people. And people are creatures of emotion. Now, your prospect is stuck at an impasse that they can’t or don’t want to address. Otherwise, they would already have moved from where they are to where they want to be. There would be no gap and no reason for you be talking with them. So break out the velvet before using the hammer. Be respectful and sympathetic to their situation, but also be firm and dedicated to addressing the problem.

INFLUENCE IS NOT MANIPULATION

Picture this: you are at a nice restaurant with people you want to impress. So you order a fine Napa Cabernet. After a few moments, the sommelier comes back with an alternative bottle because the one you ordered was out of stock. There’s that moment of sheer panic when you see the bottle they’ve selected is way out of your price range. And addressing the situation at that moment is just awkward. So what do you do?

Well, a good salesperson would have read the situation and presented you with a comparable bottle. A bad salesperson, however, might take advantage of the situation to stick you with a $400 Merlot that has been sitting in the cellar for twenty years. They are banking on the fact that you wouldn’t ask the price in front of your guests. Or they believe they can easily guilt you into buying it if by chance you did happen to ask.

Manipulating and guilting someone into a buy is just a sucky way to do business. Period. Don’t do it.

The key to good diagnosing is leading the buyer to the gap. Ultimately, if you asked the right questions, you can actually make it their idea. It’s a lot harder for someone to walk away from their own idea than it is from your idea.

ACHIEVING INFLUENCE BY ALIGNING YOUR IDEAS WITH THEIRS

Here’s an example. We had an opportunity to pitch to an iconic pro-sports team, the Boston Red Sox (Fenway Sports Management). We had initial meetings with senior-level executives and got to meet with their EVP of Sales and Operations, John Clark. In this meeting, John did a wonderful job describing the historical significance of Fenway Park, how his business ran at all levels, their sales philosophy, how they were managed, how they sold and marketed, and how the marketplace perceived them. As we guided him through the questions about his current and past situations, he found it easier to talk about what needed to change and what needed to get better.

We also asked him, if he were in our position, how he would approach training his sales team and coaching his sales managers. He was then able to talk about the same things, but in the frame of the desired situation. He told us where he was, where he wanted to go, and how he would approach things if he were us.

We came back to him a few weeks later. But instead of submitting a run-of-the-mill proposal, we presented a tailored discussion document.

Our first two pages listed what he said about his current and desired situations. Essentially, we showed him the gap between where he currently was and where he wanted to be.

When we presented our recommendations, we based them all on his ideas. Remember, it’s hard to argue against your own ideas. Guess who was influenced to act by the recommendations?

SALES DEBRIEF: ACHIEVING INFLUENCE IN THE SALES PROCESS

Let’s revisit the doctor visit analogy. You go into the doctor’s office for an exam. You review all of your vitals like weight and blood pressure. Then, you review your symptoms to find out how sick you are, and comparing everything to what they should be. The remedy is more of a realization of what it will take to get well. Eventually it becomes your idea.

The skillful salesperson designs questions that lead buyers to realize there’s an opportunity to fill a gap or address a need. Don’t let your questioning process be a haphazard collection of curiosities. As you lead your prospect through the sales process, use your questions to reach a diagnosis with your prospect that’s going to solve their problem.


You’ll find more ideas on achieving influence through your questioning process in Lance Tyson’s book, Selling Is An Away Game: Close Business and Compete in a Complex World available on Amazon. Get your copy today!
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Published on November 21, 2019 13:24 Tags: presentation-skills, sales, sales-process, sales-tips, sales-training

Need to Motivate Your Sales Team? Try These 5 Tips



A question I often get in my consultation sessions is, “Bob’s not motivated. What’s the best way to motivate Bob to get out there and sell more?”

Well, I don’t know if there’s a best way to motivate sales people because I actually don’t believe motivation is an outward force. It’s not something you do to someone. Motivation comes from within the individual.

Now, there are some things you can do as a leader. In fact, there are some things you need to do as a leader to get your people off and running on all cylinders. But there is no special lightning-in-a-bottle that you can juice your whole team with to get them moving with gusto. In fact, there are probably some people in prison that are motivated by the same values as the sales reps on your team! Ultimately, we define motivation as coming from within the individual, not from something external to the person.

Now, from a sales leadership standpoint, I don’t believe your job is to motivate your people. I believe your job is to understand motivation to the point where you can help your people motivate themselves.

With that, here are 5 secrets of motivation to help you get your people performing at the next level.

MOTIVATION IS DIFFERENT FOR EVERYONE

Now, if I go back to what we just said, your job as a sales leader is to understand motivation and realize that it’s not a one size fits most. That would be like one of those hats you buy down in Disney World, where all the hats fit the same head. I think motivation is really personal. To understand that, you need to really consider the following example.

Two sales people have worked with me for multiple years and each motivates themselves in a different way. They are just completely opposite. One person on staff loves the public accolades, loves to win contests. That’s the way she rolls. But the other salesperson feels stuff like that is not as important to her. She competes against herself.

Now if I try to apply the same, cookbook, motivation techniques to each person the same way, that’s an example of one size fits most. And it doesn’t work.

That leads us to…

KNOWING THE DIFFERENCE BETWEEN MOTIVATION AND MANIPULATION

I don’t think most sales leaders understand the difference between motivation and manipulation In fact, most people think manipulation is a bad thing. Well, you have to know that there are several meanings to the word manipulation. If you look up the definition on Google or the Merriam Webster’s website, the first meaning will tell you that manipulation is to act in a skillful manner.

I think the number one thing you have to understand as a sales leader is that you are trying to manipulate a situation to achieve a result. You’re trying to, for instance, use a contest to extract the best from some of your people. Or maybe you give someone additional responsibility to make a member feel challenged. Or maybe you ultimately give members the clients that match their temperament.

Since motivation comes from within, it’s not something you can just turn on or off in an individual. But you can manipulate the environment to help your people perform their best. Don’t like the word manipulate? Try create. Or engineer. But know that you need to set up the environment where your people can flourish, grow, and feel compelled to succeed.

Now, if you’ve created the best environment for your people, there’s another piece you need to be aware of. And that is…

WHAT YOU SAY MATTERS

The other thing you have to understand is that great pep talks aren’t going to get the job done. Sure you can use stories, anecdotes, and offer encouragement to move your team members. But none of these have a lasting effect. And they don’t work the same on all people.

Some people operate more like how Dr. Seuss describes them in his book, Oh, the Places You’ll Go. Dr. Seuss said, “You’ll succeed yes you will indeed, 98 and 3⁄4 percent guaranteed. Kid, you’ll move mountains be your name Buxbaum or Bixby or Bray. or Mordecai Ali Van Allen O’Shea, you’re off to Great Places! You’re off and away. Your mountain is waiting so get on your way.” So your people will understand they can do it.

But then there’s another section in the same book where Dr. Seuss says “You’ll play lonely games too. Games you can’t win because they’ll be against you.”

Words matter. But they won’t necessarily move all of the people all of the time. Some people need that occasional, verbal pat-on-the-back to keep them on track. Others see the actual accomplishment as the ultimate motivation and they “play those lonely games.”

If you’re going to be an effective sales leader, you gotta really understand that some people play those lonely, inner games. You have to have a clear understanding of what makes both types of people work and who is which type in your team.

That brings us to…

FAIR IS NOT EQUAL

I think the next thing sales leaders have to realize is that a lot of people come into sales jobs and think everyone should be treated equally. I think people need to be treated fairly, not necessarily equally. You have to remember, everyone has their own unique talents, styles, and experiences. So treating everyone equally will not have the effect you want.

For example, let’s say I’m talking about inbound leads. If I’m gonna give out a lead, I’m not necessarily going to spread the wealth around to everybody. Leads or company referrals that come in are probably going to be given to my best people – the ones who are going to address the lead timely and have the best chance to close it.

It’s kinda like ice hockey. You give the ice time to the first liners, you expect more goals. You need to understand that.

Finally…

TO MOTIVATE YOUR PEOPLE, KNOW YOUR PEOPLE

In your role as a leader, if you want to understand motivation, the key here is not to think that motivation is merely an external tactic you can quickly apply to your team. You need to get to know your people.

Everybody is motivated by different things. For example, some people reading this blog post might be very motivated by getting to the next level in their profession. So, maybe their motivation extends into actualization, the top level of Maslow’s Hierarchy of Needs. On the other hand, some of your people may be at the bottom of Maslow’s Hierarchy, living in survival mode. They need the job to survive.

Your role, as a sales leader, is to invest some time getting to understand the different narratives of the members on your team and assess their skills and talents. Only then can you strategically set the environment and your interactions accordingly to get the best out of them.

Back when we performed general leadership training, one of the pillars we reviewed constantly was an idea pulled from Jim Collins’ book, Good to Great. In that book, Collins stated that leaders of great companies were good at getting the right people on the bus, the wrong people off the bus, and the right people in the right seats. That’s the crux of motivating your team. Know your people’s temperament, skills, and abilities so that you can get them in the right position where they can be successful and motivate themselves.

You don’t want to be in a position where you are constantly pumping up your team. Instead, take time to know your people so you can set up the environment that will compel them to motivate themselves to be the best they can be.


Be sure to check out Lance Tyson’s book, Selling Is An Away Game: Close Business and Compete in a Complex World available on Amazon. Get your copy today!

WANT MORE IDEAS ON ASSESSING YOUR SALES REPS AND TO MOTIVATE YOUR TEAM?
Contact Tyson Group here to learn more about how away-game selling can give you a competitive edge,
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Published on December 06, 2019 11:00 Tags: sales-assessments, sales-leadership, sales-success, sales-tips

The Top 4 Financial Sales Objections and How to Resolve Them



Here’s a quick story about the first step in resolving 4 common sales objections, assessing the objection.

Have you ever heard the story of how McIlhenny’s Tabasco sauce got started?

Before the Civil War, the McIlhenny family lived on an island along the coast of Louisiana called Avery Island. If you look at the bottle, you’ll see a picture of Avery Island, right there off the coast. The island was just a great place to live – it had sugar cane, fresh water, and cattle. The McIlhenny family loved it there.

When the Civil War broke out, some troops were stationed on the island, and they ended up killing the cattle, burning the sugar cane, polluting the water, and further devastating the island.

After the Civil War was over, the McIlhenny family were faced with a challenge. The way they had always lived and made a living was gone. So they sat down, assessed their situation, and essentially asked themselves what they had left. That’s when they realized they had a lot of old French perfume bottles still lying around from before the war, some salt, and a bunch of red-hot Mexican chili peppers. So they decided to go back to an old family recipe and developed the concept of Tabasco.

FACING ADVERSITY AND ASSESSING OBJECTIONS

Sometimes the best opportunities come out of facing adversity and assessing objections. Today, you find Tabasco in most fine restaurants and probably in every supermarket in the country, if not the world. It’s an extremely well-known brand.

In every single sale, be it complex or simple, there comes a time where you’re going to have to have a dialogue and assess what your buyer is thinking. Are they in or out? What do they like or dislike?

In our sales calls, we often hear things that make us think a sale is going pretty well. We can feel the momentum building towards a deal. And suddenly, brake lights! Everything comes to a screeching halt. Your prospect says:

Your price is too high….

It’s not in our budget…

I’m not sure about the cost…

I’m not sure if your product or solution really has value in my situation.

Just like the McIlhenny family, our job is to assess the objections and get the buyer to see opportunities instead.

UNDERSTANDING THE DIFFERENCE BETWEEN COST, PRICE, BUDGET AND VALUE

Cost.

Value.

Budget.

Price.

All those words mean very different things. And in a complex or simple sale, we need to understand the difference between those terms by putting a definition to those marketplace-driven objections we run into. On the surface, those words, and the financial objections derived from them, all seem like they’re the same thing. But in reality, they’re very different animals. The first thing we need to do is dig in and really understand those differences.

COMMON OBJECTION WE HEAR CONCERNING PRICE

Let’s start by asking: What does price mean? A lot of people say price is defined as the cost of somebody doing something. Fair enough. Sounds logical. The question then becomes: If price is the cost of doing something, then what is cost? If you asked most people, they would say It’s the price. See what I mean? Those words are used interchangeably, but there is a difference.

So let’s define price as what the market will bear to pay for a good or service. Take Amazon for instance. The number you see when you look at a product on their site is the price. If people buy it, then that’s the price they’re willing to pay. That’s evidence of what the market will bear.

THE DIFFERENCE BETWEEN PRICE AND COST

Now if somebody says that the cost is too high, do they actually mean cost, or do they mean price? Let’s define the word cost. Cost is the overhead that goes along with a product or service because of ownership. So if I pay a certain price for a home, my costs are things like maintenance, repair, water service, electric service, sewer… These are all costs associated with having a home. If I buy a car, regular replacement of the tires is a cost. Changing oil is a cost. Gasoline is a cost. Maintenance is a cost. Insurance is a cost.

Price and cost are clearly two different things. But the marketplace uses those words interchangeably. When our prospect uses these words in an objection, you need to get them to define what they mean before you can engage them in a dialogue about their objection.

THE BUDGET OBJECTION

Another objection that comes up in more complex sales is: it’s not in the budget. The questions you need to ask yourself at that point is: is my prospect referring to a number? Well, budget means a lot of things to different people. Budget is defined as an estimate of income and expenditure for a set period of time, a past performance that usually dictates future spending. But you have to ask yourself, “is my prospect using this as another way of saying that the price is too high? So you might need to educate your prospect to clear up the objection.

DETERMINING THE VALUE IN YOUR OFFER

Now, if somebody says, “I don’t see the value,” that’s a whole different story. The budget objection seems addressable if you can get them to identify what it is. But now we are talking about value. What we know about value is it’s defined as it’s perceived. It is truly in the eye of the beholder. And people can’t value what they can’t compare and contrast.

Money objections and financial objections can be the toughest objections to address. It’s our job as sales professionals to get the prospect to define and explain as much as possible about their objection. Once you’ve clarified the language the prospect is using and you have “gently encouraged” them to reflect on their real concerns, then are you ready to address your prospect’s objection.

In summary, before you assume you know what your prospect means when they say “your cost is too high,” stop and remember, price, cost, budget, and value all have different meanings. It’s up to you to respond to your prospect and get them to define and explain what their real challenges are before addressing their concerns.


Check out Lance Tyson’s book, Selling Is An Away Game, available on Amazon, for additional methods on resolving sales objections. Get your copy today!
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Published on December 09, 2019 06:46 Tags: sales, sales-tips, sales-training

2 Things to Avoid When Opening a Sales Call



Sales reps are still being taught old school tactics that don’t work in today’s digital business environment. In a previous post, I reviewed how the much maligned cold call has become ineffective because of the outdated practices still being used to execute them.

The same can be said for opening a sales call. If you want to to be effective when opening a sales call, you need to drop the old-school behaviors that some organizations are still teaching. Here are two examples of behaviors you need to stop right now when opening a sales call.

WHEN OPENING A SALES CALL, DON’T READ YOUR SCRIPT

One morning recently, I received a call from someone offering a free executive report as a “reward” for subscribing to an online publication. I can appreciate what these sales reps are doing. However, if you’re targeting executives, your communication style needs to be executive-like.

I was in the middle of a task when my phone rang. Like most people in business, I didn’t want to stop what I was doing. So, I looked at my smartphone and made a decision based on the caller ID.

Usually, when the caller ID is “unknown” I do what most business people do and let the call go to voicemail. However, I was curious this time. So I answered, half expecting the call to be a marketing robocall that I could easily drop.

Instead, I got “Bobbi”. She opened her call with, “Hi my name is “Bobbi and I’m with High Tech Magazine. May I speak with Lance?”

Now, I typically answer the phone by stating my name, “Lance Tyson”, and today was no different. So when somebody responds with , “Hello, Lance?” or, “Lance?” my perception is, “OK. They have poor cell phone reception” or “They are re-affirming my name because I didn’t speak plainly enough.”

But when they begin with a “Hello this is Bobbi from High Tech Magazines, Inc. May I please speak with Lance?” after I just said, “Hello, Lance Tyson” it says to me that they are reading from a script.

When opening a sales call, perception is everything. If you sell over the phone, especially in a B2B environment, drop the script. Stay focused on the conversation and respond to your contact accordingly. Stay present and aware. Managers and executives have no time for sales reps who are mentally unavailable.

WHEN OPENING A SALES CALL, RESPECT THEIR SCHEDULE

After Bobbi opened her sales call with her less-than-stellar attention-getter, she proceeded to read the rest of her script. She outlined the benefits of this report and how it was going to reveal secrets about the sales industry. But, before she could send it to me, she needed to confirm some information.

Remember, I’m preoccupied with my own tasks. So, I tell her that I’m currently in the middle of a meeting.

Now, here’s a question for you readers out there: How many of you are in the middle of a couple of tasks when you get an unsolicited phone call?

As I’ve said in many of my training sessions, no one is sitting at their desk waiting for a salesperson to call them. Your prospects are always preoccupied with something at any given time.

After I tell her that I’m in a meeting, she paused, and then said, “I apologize for the interruption. I just need to verify a few pieces of information”. She did not say, “I apologize, is there a better time to talk” or “I’ll call back at a more opportune time.” She sent the unspoken message, “I’m sorry, but this is more important. So drop what you’re doing and give me your information.”

If your contact says that they don’t have time right now or they are in a meeting, don’t double-down on your request. Use the few seconds you do have with them to set up a future meeting.

Remember, perception is key. How you respond to your prospect’s statement of “I don’t have time right now” goes beyond simply getting the calls in to make a quota. It reveals to your contacts how you view them: either as a number on a spreadsheet or a valued professional.

TWO THINGS YOUR PROSPECTS ARE SHORT ON – ATTENTION AND TIME

Today, business people are being pulled in multiple directions. The attention span of the people you are contacting is limited, fractured, and split among 5 to 7 different projects. And your call is just one more item thrown into the mix, adding to their mental burden and their frustration.

Now, I realize that sales reps have more channels like LinkedIn to communicate with their prospects in addition to picking up the phone and making a call. However, if your prospect is so busy that they can’t respond at that moment, then the issue is less about the media used and more about you doing a better job of breaking their preoccupation and getting their attention.

You won’t break their preoccupation by reading a phone script. And you certainly won’t win their respect by disrespecting their time.

In review, when someone says that they don’t have the time to talk at that moment, schedule time in the future with them and move on to your next prospect. But before you move on, perform a quick review of the call. Determine how you failed to break the prospect’s preoccupation and win their attention. Now, you’ve set yourself up for the next prospect on your list. And you have the high ground when you call your busy prospect back.

DO YOU WANT MORE POWERFUL IDEAS ON OPENING A SALES CALL?

Because the two are so similar, many of the ideas we use when opening a sales presentation are similar to those in opening a sales call. For additional ideas on getting your audience’s attention, from a single prospect to a room full of decision makers, download our digital publication, Basics of Dynamic Sales Presentations, here.


Check out Lance Tyson’s book, Selling Is An Away Game, available on Amazon, for additional methods and sales strategy. Get your copy today!
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Published on December 11, 2019 08:33 Tags: communication-skills, sales, sales-advice, sales-tips, sales-training

5 Winning Tips To Close More Sales



When we conduct our sales training, a fast rule we follow is that there are no special skills in closing. In a different article, the Myth of the Perfect Closing Script, I relayed as much. Those closing scripts and closing techniques are a part of a different era, a different environment, and different customer culture.

Today, the reason we say there is no special skill in closing is because we believe that closing has more to do with the sales reps confidence, not his or her ability to follow a script.

In all the assessments that we have done prior to conducting our training sessions, I’ve seen that the ability to close is related to how an individual deals with scarcity and abundance. For instance, if the salesperson is operating out of a scarcity mentality, and they don’t have much in their sales pipeline, they’ll be more likely to accept a “maybe” from the prospect. They may be opposed to challenging the prospect, vetting out objections, clarifying objections, and using any language that may put the relationship at risk. They can’t afford to lose any opportunities.

On the other hand, when we find sales reps with a more abundant mentality, their pipeline is might be three or five times their goal, and they are more apt to give a prospect a push, try some new techniques, and challenge their objections. They don’t lose sight of their people skills, but they are a little more assertive when dealing with buyers.

SALES AS A SERIES OF YESES

In looking for sales closing tips, we realize that closing in today’s complex selling environment is not something that is tacked on at the end of the sales process as an afterthought. It happens throughout the sales process. Selling is a series of yeses:

“Yes. I’ll meet with you.”
“Yes, you can ask me questions.”
“Yes, you can present something to me or prescribe something to me.”
“Yes, you addressed and resolved my objections.”
“Yes, I’ll buy from you.”
You’ve got about 5 necessary yeses when shepherding your prospect through your sales process.

When you look at the sales process this way, we see there are 5 critical junctions where you must overcome some type of resistance, or “objections”. Understanding where you are in the sales process and understanding the type of resistance, or objections, you are facing will help you close better.

CLOSING TIP 1: KNOW WHAT A BUYING SIGNAL IS

Our first sales closing tip is being able to identify a buying signal. Looking back at the collected sales wisdom of the past, we have ample descriptions of buying signals from the experts. Your prospect is sitting across from you: they are leaning forward, they look attentive, maybe they are rubbing their chin, perhaps they are asking clarifying questions…all are buying signals.

However, an alternate narrative might be they are confused, and they are trying to understand what you are saying. Perhaps they have an itchy chin, or they need a shave.

The truth is you don’t know which explanation adequately explains what you are seeing.

So, what’s a buying signal? A buying signal is anything a buyer says or does that indicates some level of interest.

CLOSING TIP 2: KNOW WHAT A WARNING SIGNAL IS

Now, let’s flip the coin over and look at the other side. What’s a warning signal?

Again, going back to all those sales books and psychology books that made attempts at codifying body language, we can look at past descriptions. Your prospect is sitting across from you with their arms crossed. They aren’t paying attention. Perhaps even looking at their phone. Alternately, they could be cold and trying to keep warm. Maybe they’ve got another meeting scheduled and your session is bumping into that time. Or maybe they just got a call from home.

Again, we don’t know which description explains your observations. And again, we are left with trying to define a warning signal.

A warning signal is anything the buyer says or does that indicates disinterest at some level.

The question becomes, for both buying and warning signals: if you can see what they buyer does and you can hear what the buyer says, how do you know if they are interested or disinterested? The answer is: you test them by asking a trial close question. It might be something like, “how does this sound so far?”

This is like sticking a toothpick in a cupcake to determine if it’s done. If the toothpick comes out clean, then you are ready to move to the next phase. But if the toothpick comes out with stuff attached, then you have some more cooking to do.

CLOSING TIP 3: IDENTIFYING AN OBJECTION

A third closing tip is to recognize an objection.

We have different categories of objections. In my best-selling book, Selling is an Away Game, we talk more about your financial marketplace-driven objections. There are objections that are wrapped in cost, value, price, or budget.

An objection, one that we typically think of as a sales objection, comes after you’ve proposed or prescribed your solution to your prospect. And objections, by their nature, reflect a certain level of interest in your solution.

An objection is anything the buyer says or does that indicates hesitation to move the sale forward.

CLOSING TIP 4: DISTINGUISH YOUR INHERENT OBJECTIONS

In a previous article, I mentioned an inherent objection. These are objections that occur because you didn’t do something well in the sales process.

I was recently with a group, the Baltimore Ravens, and we were discussing objections. Someone in the session said, “What if your prospect just doesn’t want to meet with you? Is that an objection?”

Well, this is what we call a put-off because the “objection” is more about you and your process and not about any solution you’ve offered.

Inherent objections mostly occur early in the sales process and often relate to your prospect being preoccupied, busy, distracted, or not wanting to meet with you. You find a level of disinterest or disengagement with your prospect. These all occur without you offering any type of solution to their problem.

You need to be able to distinguish these inherent objections (the ones in which you have not yet gained the prospect’s trust) from your standard sales objections (the ones in which your prospect is interested in your offering and might move forward if you can resolve the issue at hand).

CLOSING TIP 5: ASKING FOR THE BUSINESS

The fifth sales closing tip is to close once you’ve pitched a real solution. Following the sales process will get you most of the way to the close. However, you still must ask for the business.

As we’ve stated before, the close is not something that is forced at the end. When you walk your prospect through your sales process, the close flows naturally. But it won’t happen on its own. You still must ask the question. And so many sales reps miss this. They either try to force the close or they become shy as the end approaches, as if they’re afraid that they’ll scare off the prospect by asking for the business.

Most of the time, the simplest close is the best. I’ve seen sales reps try to overcomplicate the close by cloaking it in some “mystical language” that only sales people can understand. Don’t get fancy. Just ask if they are ready to proceed.

I can’t emphasize this enough. If you have followed your process and addressed their concerns, then the close is merely the doorway to the next phase in the customer lifecycle. Simply ask them if they are ready to move forward. If the buyer says yes, then move forward. And if the buyer says no, then treat the response as an objection and find a way to overcome it. Either way, you’re moving forward. So stop hedging and start moving!

WANT MORE IDEAS ON ASSESSING YOUR SALES REPS AND TO MOTIVATE YOUR TEAM?

To learn more about how away-game selling can give you a competitive edge, contact Tyson Group here.



Also, be sure to check out my book, Selling Is An Away Game, available on Amazon, for additional methods and sales strategy. Get your copy today!
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Published on December 20, 2019 08:58 Tags: objections, sales, sales-close, sales-process, sales-solution, sales-success, sales-tips

3 Valuable Secrets to Building Better Rapport with Your Prospects



Here’s a revelation about the sales process from our Director of Technology, followed by a few ideas on leveraging the power of rapport and becoming a valuable asset.

THERE IS NO MAGICAL ONE-CALL CLOSE. PROSPECTS MUST GO THROUGH THEIR BUYING PROCESS

I remember a situation from years ago when I worked as an outside sales rep during the day and taught presentation programs in the evening.

I had just finished a sales call, closed the deal, gotten the order, and I was ecstatic. The lead coordinator told me that this lead was hot and he was right.

When I got back to the office, I began entering the information into our CRM system. At that time, we were using individual copies of ACT synchronized to a central database. Seems like stone-age technology compared to how we coordinate our sales and marketing activities today with SalesForce and Hubspot.

Upon synchronizing my activities in ACT, not only did I find another record for this customer, but discovered that a fellow sales rep, Bob, had been working with them. He had sent out literature by the box load, made dozens of phone calls, contacted the client numerous times, and still made no headway in moving the prospect through the sales process.

Yet, on this day, I had walked in, met the customer once, and closed the deal.

I’ve never been a believer in the “one call close”. No one walks in a new account cold and sells the management team on the first day. In those instances, there’s always some unseen prep work and relationship building. It can happen from another sales rep, your competition, some marketing material, or a whole lot of online research from the prospect. If you are meeting with a prospect for the first time and they buy, someone else did the heavy lifting to get their attention and spark their interest. And in this particular case, that person was Bob.


BECOMING A VALUABLE ASSET BEGINS WITH ACHIEVING RAPPORT AND LEAVING A FAVORABLE IMPRESSION.

I felt low. I liked Bob. He’s a stand-up guy. The last thing I wanted to do was sneak in behind him and grab the sale after he did all the heavy lifting of educating the customer.

So I approached Bob the next day and told him what had happened.

His comment was “That’s alright. If they couldn’t remember me after all the time I’ve spent with them, then I wasn’t effective in making a lasting impression and I don’t deserve the business.”

Over the past few years I’ve often thought about that situation. I can remember similar sales calls where I did all of the heavy lifting with a prospect, spending time building rapport and educating them. And at the 11th hour, another sales rep swooped in behind me and closed the sale.

It didn’t feel good.

Still, I think of Bob’s statement and his attitude often:


If I don’t do enough to achieve rapport and leave a favorable impression with the prospect, then I don’t deserve the business.

Of course I’ve had those other conversations with clients that sounded like this:

“Yeah, we got a call from someone in your company yesterday, but we told them that we had a rep from your company taking care of us.”

Now if the client said that to another rep in my company, I can imagine what they said to a competitor trying to bring in alternate solutions or quick fixes.


THERE ARE NO MORE ORDER-TAKERS. 3 RAPPORT IDEAS TO MAKING YOURSELF A VALUABLE ASSET

Using rapport to becoming a valuable asset doesn’t have to be an exotic blend of special tactics. In our training and consultation sessions, we tie it to a process involving three simple ideas:

Identify. Connect with your prospect as a person. Remember, people do business with people, not businesses.

Understand Their Needs and Wants. In order to understand what they want, you need to get out of your head. Selling is an away game. It happens in the customer’s mind.

Credibility. Bring to bear your unique insights, and ideas as they relate to the client’s situation.

Three simple ideas to having your customers telling your competition, “We already have a rep taking care of our needs”. You don’t like it when you hear a lead say that phrase to you. But it sure helps you sleep at night when your prospects and customers use it in your defense.

Ultimately, it comes down to your prospects and customers viewing you as a valued addition to their business model.

In this Internet age, your customers and prospects can buy anything they want online with no hassles at all. And they have access to all of the information, recommendations, and social referrals they will ever need. So ask yourself, what value do you bring to the table that justifies your customers spending time with you?

But for now, simply jot down 5 activities that you do to get your customers and prospects to remember you as a valuable asset when you aren’t there with them. Because I can guarantee you, your competition is actively looking for ways to unseat you.

Don’t make it easy for them.

Good Selling!

WANT MORE POWERFUL IDEAS ON OPENING SALES CALLS?
Because the two are so similar, many of the ideas we use when opening a sales presentation are similar to those in opening sales calls. For additional ideas on getting your audience’s attention, from a single prospect to a room full of decision makers, download our digital publication, Basics of Dynamic Sales Presentations, here.



Also, be sure to check out my book, Selling Is An Away Game, available on Amazon, for additional methods and sales strategy. Get your copy today!
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Published on December 20, 2019 12:12 Tags: communication-skills, sales-process, sales-tips, sales-training

What Not To Do: Tips For Cold Calling Success



I was reading a blog post put out by another sales trainer titled “7 Ways to Make Cold Calling Easier”. It got me wondering, where do these tips come from? Were these ideas formulated by this trainer or were his insights rehashed from basic advice you can find anywhere? Was his advice based on empirical data, or was it based on opinions from his experiences in sales? And at that moment, I had an epiphany. This wasn’t the first time I came across a basic ‘tips to cold calling’ post. And it wasn’t the first time I was turned off by an article like this.

WHAT TO WATCH FOR WHEN GETTING COLD CALLING TIPS.

You could choke an entire farm of horses with the various articles published every day about cold calling. In fact, Google users search the term “cold calling tips” on average about 2,000 times every month. However, if you type “cold calling tips” into the Google machine, it will return over 100 million posts, pages, and articles. And most of these, like the previously mentioned post, are based on opinions, personal experience, or just vague, common sense ideas. You need to be careful not to follow fluff or general opinionated advice. Rather, make sure the advice and ideas you find are practical, have some data-based evidence behind them, and they work for your team.

Over the 5 years we ran our call center, our team made over 1,250,000 outbound cold calls and talked to over 150,000 C-Suite, VP, and Director Level decision makers on behalf of B2B organizations in a multitude of industries. Additionally, we have spent the past 15 years training over 10,000 sales professionals. So when you talk about empirical data, we’ve got it!

Based on the tens of thousands of cold calls we have made, the countless crap articles I have read on cold calling, and where we have truly seen sales professionals make cold calling work for them, I wanted to provide you with 7 cold calling tips to avoid, and what you should focus on instead.

Are you ready to perform a checkup on your sales process? Take the Tyson Group assessment here and strengthen the weak spots in your sales process.

WHEN COLD CALLING, DON’T READ THE SCRIPT. OWN YOUR MATERIAL!

Many trainers tell you to write out a script for your cold calling sessions. A script that you stick to implies you know what the prospect is going to say. You have no idea what your prospect is going to say. No one does, not even the best salespeople. Good sales calls are bob-and-weave conversations. Own the conversation!

Higher Success Rate Tip: Map out talking points and give yourself the freedom and ability to maneuver. Build guide posts, like a sales GPS to help you navigate the sales landscape with agility. Ask questions around pain points, issues, and the topics they are getting heat from their bosses about at the moment. Learn the ins and outs of your product so you can suggest next steps. Also remember: there’s a difference between “this is what our product does” and “this is what our product will do for you.” People are more responsive to the latter.

PRACTICE DOESN’T MAKE PERFECT, IT MAKES PERMANENT!

Many trainers say, “Practice, practice, practice”. Wow, that’s novel! This isn’t advice. It’s common sense. Ever heard of Malcolm Gladwell and the 10,000-hour rule? Practice does make you better when you are practicing the right thing. I practiced my golf swing a ton without a coach. That resulted in me perfecting my hook! You must practice with the right coaching!

Here is the problem. Often, these training sessions will have you practicing with peers. That’s not a good approach. Rather, record yourself. Judge the feel; the look; how you sound. Also, make sure you press your trainer to show you how it’s done. If they’re coaching you on cold calls, have them pick up the phone and make a few calls. If they can’t make the call themselves, then you know you’ve got someone who can’t practice what they teach! Theories suck unless you can execute on them.

Higher Success Rate Tip: Practice with actual prospects. Start with “colder” calls that you can afford to mess up. Work through conversations and issues that come up on those calls, as opposed to practicing scripts with your peers.

Take a look at any field — notably medicine. It’s nearly impossible to get better unless you fail, fail, and fail again.That’s how products in medicine get to market. It’s the same with sales. Through testing, you become acutely sensitive of what works and what to change. You’ll have some awful calls in this period, but it shapes you for later.

Here’s a test. Ask your trainer to make a few cold calls in front of the team. Did they get a target decision maker on the phone? Were they able to move the conversation to an appointment? How ‘practiced’ are they?

“SET ASIDE SOME TIME FOR A CALL” IS THE WRONG APPROACH.

Some trainers focus on this: “set aside time to make your calls.” Again, this isn’t a strategy, it’s common sense. Plus, you need to keep your prospects in mind when you are picking the times to call. Just because Mondays and Wednesdays between 10-2 are convenient for YOU to make calls won’t yield a high success rate if all of your prospects are busy at that time.

Higher Success Rate Tip: Understand the best times to call. For example, there’s a 164% better connection rate from 4-5pm local time zone than 1-2pm. Many people would totally miss that, assuming that prospects are checked out by 4pm. However, the best times to call are usually the AM. That’s just a random fact to showcase how people often don’t base decisions off real data. There’s tons of data out there about sales call optimization. Use it.

Additionally, leave voicemails. The voicemail may be dying, but it ain’t dead yet. And voicemail still counts as a sales touch. Also, follow up your calling activity with emails. Emails are ridiculously easy to send and customize in modern business. If you do 10 calls and don’t get a connection, send out 10 personalized emails later that day.

WARMING UP FOR COLD CALLING SESSIONS ISN’T NECESSARY.

Trainers will tell you to spend time warming up before you start making calls. You’re not a relief pitcher in the ALCS. You’re cold calling. Dive right in and start talking to people. Smile, dial, use the trial and go the extra mile!

Higher Success Rate Tip: You do need some type of plan for how you’re prospecting. Ideally this plan would be strategic and group prospects a certain way according to potential need or market. But if you’re not at a strategic level yet, at least have an operational plan for calling. If you know you’re not a morning person, plan your calls for the afternoon. At 1pm, be ready to start dialing and conversing. When you have a plan, warming up becomes irrelevant.

DON’T WAIT FOR THE REJECTION. BUILD IT INTO YOUR CONVERSATION.

Many sales trainers tell you to write out potential rebuttals for different arguments, wait for the arguments, and deliver the scripted rebuttals. Sometimes this can work, but not as often as you think. Here’s a subtle distinction you need to understand. Objections happen at the closing stages of a sale and actually signify interest in your product or service. In the early stages, like when you’re cold calling, what you get is called a put-off. When you get a put-off, there’s a good chance that the prospect has already made up their mind.

Higher Success Rate Tip: Track your put-offs. What are the common ones? Pricing? Approach? Not right now? Once you know the common ones, you revise your messaging so that you address the put-offs before the prospect can bring them up. For example, if everyone is hitting you on price, get price out in the open quickly with some context. In doing so, you remove a put-off from the prospect’s table. They may still say “no”, but the conversation just shifted a bit, giving you a new window to explore.

Also, ask questions to overcome put-offs. There is almost nothing better in sales conversations than the ability to ask intelligent, prospect-centric questions.

YOU DON’T HAVE TIME FOR A PRESENTATION.

I hate it when trainers over-focus on the presentation. In a cold calling context, there really isn’t a presentation. You have 4-7 seconds to get someone’s attention and 7-21 seconds to keep someone’s interest. That’s not a presentation.

That’s not even one slide.

Higher Success Rate Tip: Consider starting with an email. Introduce yourself, mention one connection point you have with the prospect, for example, someone on LinkedIn, explain what you’re selling, briefly mention where you see a value for the prospect, and say you’ll be calling within a specific time period..

Create affinity, build rapport, and connect!

The most common response you will get is “send me information”. That’s fine. It’s not even a put-off. Now you need to figure out what resources to send this person to move to the next step. Remember, humans are typically visual, so don’t send another text-driven email. Insert a chart, graph, product feature, or other another visual that will help capture their attention.

ENCOURAGEMENT IS GOOD. COACHING IS MUCH BETTER.

Bad sales trainers are usually cheerleaders, not coaches. If a Patriots wide receiver drops a ball and trots back past a cheerleader, she’ll probably say, “It’s OK, you’ll get it next time!” When that wide receiver gets to Belichick, what do you think he’ll say — if he even speaks to the guy?

That’s the difference. During a cold calling session, a mediocre sales trainer will give your sales rep a pat on the back and say, “Keep at it and you’ll get there.” That isn’t good enough. Good sales trainers are coaches. They will give your team communication ideas, listen in, and coach them to improve your cold calling skills.

Higher Success Rate Tip: Find a trainer who can listen in on your cold calling sessions, identify the areas where you fall short, and help you create a plan to improve those areas. You have a process for the way you sell. You can perform a checkup on your sales process here. But realize that you should have a process for the way you improve as well. If your organization isn’t getting ideas to build a documented improvement process from your sales trainer, then most of what they’re doing is feel-good fluff.

Hopefully the above 7 tips help you elevate your game and provide a little more substance than other blogs and articles you’ve come across. Remember when you are prepared and hone your craft, success will follow.



For additional insights and wisdom into prospecting and the sales process, pick up a copy of Selling is an Away Game, available online at Amazon, fine bookstores and many Hudson News locations.
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Published on January 07, 2020 06:21 Tags: cold-calling, communication-skills, sales, sales-tips