Unlike many other books with a lot of preaching and no action, it's good to see that Subroto Bagchi first walks and then talks. It's very refreshing to get the sense that not only has he included his personal experiences and anecdotes, but has taken a great deal of pain and effort to bring out the best from his network of friends and acquaintances. He rightly points out how sales has been considered a profession of some form of veil and deceit ; and how it's important to actually understand the profession's true motive first. It's about having that knowledge, intuition, wisdom and empathy, and above all - loads and loads of perseverance, commitment and zeal
'People buy from people'
Like all the books, there are a lot of mini-gems here, but I'll take to the top few for me, the ones I'd want to be reminded of for rest of my life :
- A)Build your GQ - The google quotient : Not only as a business, but as an individual, it is important that when people search for you, you are different from others - Do you have a blog, an authored point-of-view of discussion, some youtube video of teaching, anything that highlights your expertise
-B)Keep reading, keep learning -Don't lose your abilities to tell stories - Telling a good story is the key to successful selling. Winning without exerting too much is important : Planning well, staying informed and choosing turf wisely. Train like an olympian : striving for the best, and breaking the best of yours.
-C) Ask : There are no welcome signs -As much as you are reminded of this again and again, its less. You'd never know without asking whether someone is interested in the product. To make it easier for you , believe in the higher purpose of what your product is doing. What is your 'STORY', it'll help you channelize and be optimistic.
-D) Ask : The art of communicating and presenting - It's of utmost importance that you excel in presenting well. Looking at what audience really wants, looking at everyone in the room, ensuring that they're following - Not showing all slides but running through the most important ones. Being concise in terms of value each of them can derive by listening to you.
- The trust equation - Trust = familiarity * expertise --> Put in your maximum effort in knowing the product deeply (yours and competitors too) in order to know what makes you different and what can be leveraged. knowing the client more than your competition ; not over -promising.
Don't go rushing about closing the deal. Be sure that the person has no issues unresolved. Persuade people - try advising them, listen to people deeply. Passion is highly important. Be in their touch even after the deal is done
Few other specific points ->
1)Prospecting and cold calling : It is only diligent and uninhibited prospecting which will actually help in bringing a change for you. If nothing, you tend to increase your contacts - which is one of the most important asset you'll ever had. Sometimes you have no idea of who knows whom. It also helps in keeping the true spirit of inquiry alive
2) Proper segmentation and qualification of prospects : Having the right segmentation is very important ; sometimes we tend to ignore what these segments can be. Think laterally, come up with segments and then focus on the ones which are promising
3) Widen your funnel : Only very few prospects will survive till the end. Keeping the funnel of prospects wide enough to save yourself from last moment surprises - only a few salmons will survive the hard journey : BUT please be wary of clients who will merely waste your time - No monkey business
4) Don't fight data and new tools, Intuition can now be backed and reinforced by data and facts , it was not possible to do this earlier : Use CRM and marketing to your benefits. Today's business manager has the luxury and opportunity of multi-media approach - Linkedin connections, emails, cold calls, networking events and so on
-Create something unique and experiential : Your product must mean the world to you. If you're not proud of it, don't sell it.Otherwise you're just creating another naked hamburger, not McDonald's : Uniform product and consistent quality, the taste of food, the decor, cleanliness and maintenance and so on.Create a perceived value higher than the sum of individual items. It's like MF Hussain's picture - Value is determined by the buyer
- See yourself as a consultant : Advise your clients, work together for a solution
Optimism : No matter how much we remind ourselves - Sales thrives on fuel of optimism