This book is gold. Jeffrey Gitomer's style is no holds barred, so be prepared! He pulls no punches while offering both philosophical and practice advice to make more sales. He doesn't offer a rigid step by step process but recommends methods and processes that peppered with tips and tricks to make rain.
Here are my notes:
Little Red Book of Sales Answers
Prepared >> work hard >> engage >> get a commitment >> earn the sale >> earl a referral >> earn a testimonial
You make the order happen!
Practice >> goals
How to achieve your goals
Identify goals
Date it > start and end
List obstacles
Groups and contact who will help
Knowledge and skills needed
Create an action plan for each goal
List the benefits of the goals
Make action every day (daily dose)
How to make things happen
Wake up early
Love what you do
Dedicate yourself to being a lifelong student
Get rid of anger
Turn barrier into breakthrough
No’s are not yet
Watch little or no television
Read for 20 minutes every morning
Write for 20 minutes every morning
Call who you love and tell them that you love them
Tell yourself you are the best
Positive attitude
Embrace funny in your every day life
Improve your writing
Mentors
Create a short list of mentoring
Get a relationship with them
This is not explicit but something you develop through time
Give value
Ask for advice
Cold calling is getting less effective
How to get to your sales prospects without cold calls
Write an article
Get on a talk show
Give a speech
Send a newsletter
Hold a free seminar
Network at a business function
Get a referral
Cold call opportunities
Nearby businesses
To test sales strategies
Go to the higher level person first. Lower level people end of being gatekeepers. Don’t think the low level person under the bus.
How to get past gatekeeper
Know the name of the decision-maker
Have a response for what’s this in reference too
Be friendly
Ask for help
Be sincere
Don’t try out worn out sales tactics
Tell the truth
Have a real good reason to contact aside from sales
Be original
They’ve heard it before
Should be a positive experience
Get information on the customer
Read website
Google the company
Google the person and family
Print out the information so that people see it
How to get to the CEO >> Phone ask for an interview for a newsletter
What can you ask that differentiates you from your competition? Look at your products and services in terms of ownership instead of purchasing.
Where would be the first place that you would drive this car when you own it? NOT
How much money do you have for this project (budgetary questions)
Make a list of the ten best questions that you ask and cross off the ones that your competitor says. Keep doing it until you have questions that can beat the competitor into the ground.
Bring along a customer to a prospect
Why did the last ten sales say yes and why did the last rejections happen and why? That will tell you what to do.
Develop a strategy, structure, approach to selling not a selling system
Making a connection
Making an appointment
Get ready for the sale
Engaging the prospect in a way that gains his interest
Proving the value of your offer
Coming to an agreement
Delivering
Servicing
Creating an environment that’s so awesome that they buy again, refer, and speak positively in the market place
Your philosophy will determine your structure (Jeffrey Gitomer’s philosophy:)
Give value first
Help other people
Strive to be best at what I love to do
Establish long term relationships
Have fun
Two most killer questions
When you are buying X what are the three biggest mistakes that people make? (larger the purchase the less people want to make mistake)
When I say X what one word comes to mind? (give top of mind awareness and feelings on it)
Know what is takes to get their business don’t ask
Ask the right questions: “people don’t like to be sold but they like to buy”
What’s been your experience
How that this helped your profit
How have you experienced?
Price objection brings up
If customer asks how much
Ask permission to ask a question (qualifying)
Ask question quick questions that leads to a price offering that assures purchase
Need
Desire
Status
Be certain they perceive value
“Our prices are fair and firm” then establish their value
Be proud of the price
Testimonials are the best way to overcome price objections
Difference between a stall and an objection (let me think about it / too high no) they are mostly not the real reason
Prevent objections don’t respond to them, deal with it during your presentation
A lot of people tell us X but here are some testimonials that explain or whatever
Or some people tell us X but we’ll deal with it later in the presentation because I wouldn’t want to waste your time
Buying signals
If they ask a question
Most powerful: how much is it (prospect is thinking ownership)
Ask for the sale
Ask: what’s the risk? (when do you want to start next risking)
Ask: when is the next job? (get one job to prove yourself)
Ask for an indirect commitment (how many people need to be trained / how many?)
What’s preventing you from doing business?
If obstacle, is that the only reason?
Sen
Fair enough? (Let’s do this trial job and if you’re happy X if you’re not no price, fair enough?)
Ask with humor..
When would you like to do that?
Ask for the sale when the mood is right
Ask for the sale in a sincere friendly and professional manner. Ask early and often!
How do buyers decide and what they are looking for...
Perceived difference in your product and service with competitors
Better perceived value than competitor (not price)
Little or no risk from purchasing from you
Buyer must like, believe, and have confidence and trust (begins with like)
Lowest price (only after the first four fail or need more room)
Decision maker needs to be feel comfortable about the deal
Have a great product AND reputation
Leave voicemail in a way that gives enough value to get a return call (profit productivity etc not you sell printers... about them!)
Have facts about them
Focus on a benefit not the product
How to change your own voicemail message
Selling in internet world
Old way of selling doesn’t work anymore (selling manipulate)
Prospect needs to like you
Full contact selling (need tech savvy etc)
Not who you know what who knows you
Do everything at net speed
Differential from competition other than price (7 key areas)
Values
Name
Questions
Ideas
Creative
Presentation
Perceived value
Ability to deliver beyond expectation
Value first proposition!
Wow me or lose me
The objective of selling is engaging and harmonizing
Prepare for a sales call
Visit the website that you are calling, read, and analyze it
Visit the competitors website
Google the name of the company
Google the name of the person you are meeting with
Create tailored questions from the information
Following up
Creativity
Give value
Gain their interest
Nothing about your wallet
Something different than
Offer something to advance sale
Tell them a new deal
Expect a package in the mail
Make an appointment before you leave the office
Add enough value that they are attracted to you: value added services or products are something that you sell and you want people to buy not to sell
What is give value first? They bought it and you don’t have to sell it.
Angry customer
Empathize
Determine speed of need
Figure out what you are going to do about it now
Tell them what they want to hear
Don’t blame other people etc
Dealing with price issues
Support price as the true price “why”
Higher price reason better customer service, follow up, etc
Testimonials of customer who were anxious but glad they did
Sell competitive edge not price
Price with relationship
Sell on everything but price, value / quality / etc
If someone asks for a proposal say no
If must
Proposal isn’t the sale
It’s a confirmation of it
Video testimonials
Support claims, overcome objections, using competitor than switched to them, send them an appropriate testimonial
Arsenal!
Thank you note
Personal
Sincere
Say thank you!
Say something personal
Keep door open to future sales
How to succeed / double your sales
Action formula
Read about positive attitude 15 min a day
Read one sales book per quarter
Read one personal development book per quarter
Read one creativity book per year
Attend four sales seminars a year
Listens to CDs (repeat and practice immediately)
Record yourself reading your books on sales 30 min a week
Post goals in front of your face and read them twice a day (post completed goals some other place you see)
Have real sales training 30 minutes a week
Record yourself making a sales training
Turn the action formula into goals!
Keep talking to a prospect until you believe that you can no longer provide the best solution to the customer or until they start screaming in your face.
If customer says no, explain this to them. I believe in the product or service so much that I am going to keep communicating with you until we can find a workable agreement or you start screaming at me and call the cops.
This demonstrates that you truly believe in your product or service
How to double your sales
Double people you sit in front of who can buy from you
Get your current customers to bring you another customer
Combination of the two
Real promotion and positioning requires that prospects engage in it, keep it around, etc. THEN reinforce the promotion and positioning with advertising
Why are you loyal to certain businesses?
Invest as much in your existing customers as you do to find new ones
Pointers for a hot list
Get and stay likeable (sell self first then product)
List of things you do that your competition does
List of objections and figure out answers that win
Get the prospect hot for you
Try it and soon as you learn it (listen then try gets mastery)
Adapt what you learn to your sales cycle
Get and keep and positive attitude
Join Toastmaster’s
Stay a (humble) student
Daily dose
Making it easy to buy
Be available to sale when I want to buy
Have live human beings answer the phone
Hire friendly people
Take advantage of leading edge technology
Identify reasons customers are leaving and fix
Identify reasons customers are buying and enhance them
Be your own customer
Friendly is good
How friendly are you?????? Eh....
Repertoire, find common ground, become a friend
Look for clues at a prospects office (award, diploma, family picture, etc) ask how they got the bowling trophy etc
Use humor
Ask engaging questions about them that you both have interest and knowledge
Personal commercial (ask first and then commercial) less than 30 seconds
Give first: Exchange names and then “I meet a lot of people and one of the best for me to get to know them and them to get to know me is to ask ‘what’s the perfect customer for you?’ and after you’re done I’ll go through my mental database and see if I know of anyone who might be a good prospect for you.”
What do you do commercial: Hand coin business card “I’m the best sales trainer in the world.” Chat // How many of your sales people didn’t mean their sales goals last year?
Deficit commercial: How much $ do you think it will take you to retire? and how much of that do you have right now? // My job is to take you from where you are to where you want to be. I don’t know if I can help you or not but if you’re willing to bring some of your pertinent data to maybe a breakfast, I’ll take a look at it. If I think I can help you I’ll tell you and if I don’t I’ll tell you that too. Fair enough?
Make sure to tell you what you do when you’re *done*
Best leads
Unsolicited referral
Proactive referral from customer
Reactive referral from customer
Networking (pre plan figure out who will be there and learn about then and then also be the featured speaker at the event // be the perceived leader)
Keep customers loyal
Schedule quarterly meetings with users and customers to talk about to determine how customers needs are being met and exceeded
Communicate with customers weekly
Create partnership programs where you work together for common good
Create a testimonial ad campaign
Readying when customer needs
Answer the phone with a person 24 hours a day
Website service friendly
Website question friendly
Website sales friendly
Create automatic response to email
Give every customer your email and phone
Best way to get referrals
Give referrals
Provide great products and services and then ask for referral
Partnering with customers and referrals
Thank customer
Ask for help (get customer engaged)
Earn and not ask for referral
Get customer to set up three way call
Get customer to set up three way meeting