Ultimate Sales Machine Book review:
Some good information but far too much noise surrounding it which would benefit from better editing. Most of the content was good but I disliked his chapter on hiring and thought it offered some poor advice.
Chapter 1
Importance of time Mgmt
Six tasks per day maximum
Six hours of productive time per day
Aim to be proactive not reactive
Sales need to be doing 40-60 cold calls per day especially at the start. Record your calls to make sure you are doing, expect this to take circa 2.5 hours a day.
Have templates for sales meetings, post meeting templates to record set details e.g. budget expectations, name of buyer, structure of organisation, preferred contract type, etc
Chapter 2
Importance of training and lack of training= unstructured company and random results
Insist on sales training!!!
Set out training plan and get buy-in to it. Include external training e.g. tall Matt. Look to work shadow people by be mindful of copying mistakes. Enjoy the RiskCo meetings and use it as a “hot seat” training experience.
Value of training is most accomplished through regular training as people become more open to engaging and taking the lessons on plus it compounds on previous training.
I could offer to do some contract training.
Chapter 3 - effective meetings
Dedicate one hour every week to PPP Planning, procedures and policies.
Your aim should be to write out how every detailed step of critical tasks is undertaken. So much level of detail that if 50 new people joined within one week they could all learn the job!
Workshopping is the most effective way of doing this. Has an example of how to ask the team “three things they would improve” and then collate the results. Assign actions between the team and then report back to the team with PPP tools to help the team.
I should plan, test and policy every step of the cold calling process.
10 step process to implement a new policy:
1. Get everyone to feel the pain!!! Best way is to ask them what the top three challenges they face are?
2. Hold a workshop to generate solutions.
3. Develop a conceptual solution
4. Test the conceptual solution on top talent first - they will give the correct detailed PPP solution for others to follow
5. Set a deadline for testing conceptual solution
6. Document step by step solution
7. Hold show and tell and role playing training sessions
8. Have another workshop on how to improve
9. Monitor the procedure directly
10. Measure and reward the outcome - make the reward a ceremony so that people receive public praise.
Chapter 4
Aim to be a brilliant strategist who can also knuckle down to implement at the tactical level.
The strategy should be to educate clients on their market. Same as Shipley look to tell them about themselves not about us in the first instance. Aim to “reset the buying criteria”, for example with water, show data about the long term trends of increasing environmental legislation, increasing water prices, increasing options for water supply and discharge via privatised markets. Then swoop in with our ability to help.
I need to create a “stadium pitch” that holds all potential buyers in a room. E.g. Do you want to decrease your costs by a completely outsourced solution?
Position yourself as an expert via your market education. Creating this pitch requires market data and this needs to be generated through market research e.g. tools that Sherrie showed me.
Aim to find the “smoking gun” that influences the market e.g. water fines are increasing OR companies are overpaying across the industry OR water impacts on operations…
Chapter 5
The sales superstar needs to be hired based on personality. He recommends the DISC personality test.
Dominance and Influence are the key characteristics for sales. The never say die ego that always needs to dominate is a key characteristic for persistence and closing.
Advocates rejecting at telephone interview stage. Then if they fight their corner, go on to the real interview:
Relax - allow them, may encourage them to open up about who they really are.
Probe - very important to react positively to everything they say to keep them honest and comfortable
Attack - final test of their character after they have committed of themselves…
Overall not the strongest of chapters, very weak on how to manage people but good insight on what makes a tenacious sales person.
Chapter 6
Very important to focus your efforts on the best buyers, those companies who buy big, buy quick and buy more often. Similar to the basketball expression if the well is pumping oil you keep pumping.
He writes out an entire script that he used on page 1928. My version (needs work) “I'm sure you're aware of our company in the waste sector but this is actually the smaller part of our business, Suez is the largest water company in the world. We have products and experience across all sectors in the water market. We recently commissioned a study into what challenges the UK industrial sector faces in relation to water. We have several food and beverage manufacturers who we are currently consulting with on this issue including: AB and Beverage, Coca cola, Heineken e.t.c.”.
Needs to use fear and include “social proof”,needs to be phrased carefully do as to be true but ambitious.
This must be backed up by solid research.
The importance of chasing dream clients cannot be overstated. JFDI and continue to keep chasing them until they feel obligated to do business with you! Build a list of my dream 100 clients and chase them.
Build a list of dream affiliates (those in similar markets that don't offer our services).
There are a few good exercises to do in this chapter.
Chapter 7
Ask for all the marketing and PR materials that have been produced to date for both IW and SASUK.
Essential that there is a strong collaboration between sales and marketing. Aim for “stacked marketing” where all PR, marketing, web etc is coordinated with a consistent message, look and feel built on your “stadium pitch”.
Importance of visuals in any promotional material e.g. dust mite close up for the carpet cleaning business. Consistent use of colour builds a brand awareness.
Corporate material should repeat the data, visuals and messages of the “stadium pitch”. Repetition is a form of learning and we are aiming to teach the client about their industry and our contribution.
Build a PR strategy aimed at the South of England. Include top publications, top clients, top products and then write articles to get published with plenty of photos. Build a casebook of material for attending events. If this can reinforce the stadium pitch and the corporate material it builds brand loyalty and prevents competitors stealing it effectively. Key to making this happen is to build relationships with the trade press, phone them and attend their shows on a regular basis.
Quotes from reputable trade sources are worth far more than anything we write in our own pitches… Target some easy wins first e.g. CIWEM magazine now that there is a new editor. Any old website to start with will help and then build that back up through the business to get sponsorship for better investment in trade publications.
Try to get a photo of myself in an article to help build my own personal brand. Even a photo of me on site will help in the corporate material.
Do the exercises in this chapter and get Niki's help with them.
Rules of trade shows:
Get noticed - be the fun booth!
Capture leads - give people multiple choice feedback forms to get more accurate response.
Organise charity events. Wateraid will be a good one for me, do fundraising events and use these to network. How I do this across the South of England is the challenge… To get people to attend on a Friday night with their partners would be the ultimate.
Identify your “market influencer” and then engage them to help sell your product. If you have enough clout, or influence over someone else who does, an awards ceremony is a great marketing event
Setup your own trade association to engage your dream 100. Run an industry teleconference on popular topics to help engage, could be done as a webinar. Set up a bunch of these in advance to make sure we have the content to fill a year ahead. I could augment the topics and content of the water podcast but run them as webinars with a Q&A session. Particular examples could be contract law.
If the webinars got a following they could be marketed to the utilities market to promote their messages to the industrial customers e.g. value of water saving, what industrial effluents cause most harm, how to notify of a pollution incident.
Hold monthly meetings with marketing to audit progress against the objectives.
Chapter 8
Use the limbic system in the brain to communicate hard messages at the same time as your words. Use charts going into the red and use redundancy/depression images to illicit the fear stages. Then use successful images (project completion ribbon cutting), etc to show the successful solution.
Body parts help draw attention.
Getting people to draw over a webinar/telecom significantly helps keep their engagement. Even if it is just a triangle, get this exercise worked through with the team in a workshop before trying on the clientbase.
Wow facts get the audience really invested in your authority. Work really hard to find these so that people see you as being an industry expert. This then leans over into the sale side. Failure rate or changes in competition are the easy ones to find. Look also at supply chains and how they are changing - consolidation, internet, e.t.c. learn a few general market trends and drill these to the specific for the wow facts.
Communicate in stories wherever possible. Read a book on how to craft stories, do some story workshops. His story on following up a bad sale to get further sales is a really good one (p.162).
Make presentations curiosity driven, keep the audience hanging on to see what the next slide is e.g. “this means you have some serious competition which we now look at in the next slide”, “this means that you can incur some hefty penalties if you don't adhere to the legislation, the next slide shows you how to adhere”...
Put more effort into the headlines of the presentation than into anything else! These do the most work for you.
Build rapport by asking them to stretch with you! Or engage them on their problems “misery loves company". Ask for their personal work challenges then broaden to what they see as industry challenges. Close this out by
“Those challenges you’ve mentioned come up a lot with other clients. That’s one of the reasons we had some research conducted about our industry/market/profession. Our findings were so profound that we put them into an executive briefing that’s quite revealing. Here. Let me show you some of this data.”
“Turn your mirrors into windows!” focus on other people not on yourself.
Communication mediums:
Tone - practice sounding like an investigating detective to get the authority you need in your tone.
Body language - “You know what? I think I can show you this better if we sit side by side.”
8 mistakes in presentations:
1. Thanking people for their time - puts you on the back foot.
2. Hands in pockets - too lackadaisical, always out in front above the waist.
3. Sitting down - always ask if people mind you standing because you feel more comfortable, noone ever says no.
4. Being led by questions - return the questions to the presentation (by asking return questions if necessary) and maintain control.
5. Relying on the materials - keep your enthusiasm and personality present.
6. Too serious - always include a joke!
7. Failing to practice - make it exciting, fast-paced, draw conclusions, know the material, be dynamic.
8. Unsure what comes next - know the “patter between the panels” is key to engagement via presell, preframe and promise of what is to come…
Lastly, don't call it a presentation call it an executive briefing.
Chapter 9
1. Choose dream 100
2. Choose simple, inexpensive and useful gifts to weave into a narrative. He has a list on page 178
3. Send a brief call to action letter, page 178 has example
4. Set a calendar of monthly gifts and fortnightly newsletter updates.
5. Follow up phone calls after every communication, script on page 184 and cold calling script on page 186
6. Present the executive briefing, use prize for best presentation competitions to get the sales team learning from each other. Page 187 encoursges use of internet presentations for smaller pitches.
“To build the Ultimate Sales Machine, you must devote machinelike precision to chase and tackle those dream prospects”
Chapter 10
Learn the seven sales steps by memory:
7. Establish rapport
8. Qualify the buyer (find the need)
9. Build value
10. Create desire
11. Overcome objections
12. Close the sale
13. Follow up
Rapport
According to the Encarta World English Dictionary, rapport is “an emotional bond or friendly relationship between people based on mutual liking, trust, and a sense that they understand and share each other’s concerns.”
Selling breaks rapport, educating builds it.
Ask personal questions early - how long have you been in this line of work? What do you think of the industry? More examples on page 196.
Enjoy and make it fun, especially with humor. Even send a joke once in a while but keep this to a minimum.
Remember that “misery loves company” let people moan.
Be interested and fascinated in them.
Find common interests and “mirror” their body language.
Do explorative training sessions on rapport building within the team. Ask them how many things they can find out about clients and hold a competition!
Qualify the buyer - Andy's “discovery” stage
Develop six to ten questions that will gain the information needed on each prospect and memorise it. Put this into templates so that it is easily recorded before and after. Try to pre-empt where you think they will be and then listen empathically when they answer. Say things like I thought you would have been X so I'm surprised that you are Y can you tell me why this was chosen?
What are you three main challenges in relation to your mail manufacturing process?
What are your criteria for making a buying decision on a product or service like ours? This question needs to be done more subtly than it is written e.g. what factors make you choose one product/service over another?
Asking the right questions can get the person to close themselves.
Build value
Whether you ever do business with us or not you should know some of this information we have gathered on being successful in your marketplace.
Deliver the one to two minutes core story (stadium pitch).
Create desire
• Lead them through a series of questions to intensify their desire
• Present killer data that truly motivates them to action
Our core story on the market trends etc builds up to this. People are more inclined to protect what they have than to pursue new opportunities (Kahneman links).
“Features tell, benefits sell” tailor this sell to “their benefits” not our products. Remember MCT got a five mill contract on the back of fuck all!!!
Overcome objections
The better you qualify them the fewer objections you should face. Top sales people qualify the heck out of a prospect to learn all possible buying blocks.
Standard closing questions to get the prospect thinking of what they lose out on are on page 203.
Have a mindset that “an objection is an opportunity to close”. Always agree with an objection first then follow the disagreement steps from leadership training.
Isolating the objection is a powerful strategy to close someone.
Close the sale
Weak ego strength and fear of rejection stop people closing. Just go for it!
Chapter 11
Follow up needs to be structured to keep in the client’s mind. The follow up needs to reiterate the client's hot buttons for buying to keep them respecting you and trusting you.
1. First follow up letter - within two hours and use the template on page 214 (personal, compliment, hot buttons, personal close) add educational marketing materials.
2. First follow up call - call with a non-sales call to maintain contact e.g. “hi, I was thinking about the way you manage xyz and I just thought that zyx may be of use if you haven't already tried it”
3. Send something personal - send an article related to a personal connection you made e.g. mountain biking. He recommends using a standard humourous email at this stage, can be templated.
4. Organise a bonding event e.g. meal, party etc
5. Second follow up email or card - tell them the next step
6. Plan a family event
7. Offer something else e.g. a networking introduction to another company
8. Another email - template it
9. Offer more help e.g. training via webinar
10. Invite them into your personal life e.g.go mountain biking
Chapter 12
Positive mindset stuff “fake it til you make it"
Your brain is most receptive to setting goals first thing in the morning and last thing at night so these are the times to focus on goal setting and visualisation e.g. a successful sell.
Phrase goals and desires in the present tense to cue your autosuggestion activation.
I have to wake up on time Vs I must not oversleep
“Never go to sleep without a request to your subconscious.”
Create a RAS recording to listen to before sleeping suggested statements on page 232. Include the “I love cold calling” one.
Set lifetime goals and view them every day e.g. car dashboard, to get the RAS working on them. Template on page 233.
Measuring effectiveness
“People respect what you inspect”
Record all details in Salesforce to get fuller picture of success.
Follow up:
Remember that breaking through the clutter, even to get hung up on, now gives you a tiny filament of contact. If you immediately fax a note, you’ve strengthened the filament. So a fax should go off immediately that says: “You just hung up on me, but I don’t think you understood the significance of my call or you would not have done so. Consider this: [pitch again what they’ll learn from the “orientation”]. From page 237