There is nothing that is more gratifying than landing the big sale.  The ‘dance’ that happens between buyer and seller is seldom orchestrated to perfection, but is perfection is not necessary.  Impromptu changes in course and is the way this process works in reality.  You know the drill.  This post talks about the 6 points to keep in mind.

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Nothing in sales can be more exhilarating than landing the big account.   The definition of ‘big’ is left without specifics, as it is important to realize that a large sale in commercial real estate is much different than a large sale in office machines.  Both are big, in the context of the sale within their own genre.

Chasing and making the big sale is exhilarating and rewarding as I outline below, yet don’t forget your normal core business, as these sales can be elusive.  This activity requires patience, which is not as necessary in normal transactional sales.  It requires someone be more of a director than an actor.”

Maybe, a definition here would be a little more generic in the description.  A big sale is a sale which:

• Changes the game – a sale that changes your stature within the organization.  An attention getting act which gives recognition to the sales professional.
• Creates real income – A sale that provides substantial income for you and/or your organization.  Substantial income gains result from the sale.
• Changes expectations – An activity that changes your expectation (regarding your level of achievement) on your part and your organization’s part.

Landing a large account usually does not happen accidentally.  It is a planned activity which has probably brought you to the waterhole once before with no success.  It is the common result of opportunity meeting preparation.  It is a fleeting possibility for many sales professionals, as you need some luck, or heavenly intervention as well.

Some Important Points

There are some steps that you need to be prepared to take early on in your sales career that will help you when the time comes for you to perform on that stage.  These activities are great for the sale that is not career changing so it is worth it to start putting this “portfolio” together.

• Garner Credibility
• Show Credibility on yourself – Know how to make two sale at once
• Be the consummate professional
• Be a solid quarterback
• Know your boundaries
• Know how to accept assistance

Garner credibility for your company – you need to make sure that you have your proof sources in order.  You will need references on your company that show the organizations capabilities, dependability, and responsiveness.

Prepare to show credibility on yourself – I suggest you review the article Black Sales Journal 5/26/2011, The Black Sales Professional, Closing Two Sales at Once. The Black sales professional needs to be prepared to make both sales, and recognize that this is an activity which requires time to pull off.  Note the nuances posed in Black Sales Journal 3/31/2011, Credibility – The Goal of the Black Sales Professional.  Credibility plays a large role in your success.  If you are succeeding right now, it is because you have accomplished the credibility feat.

Be the consummate professional – No major account buyer worth his salt will do business with someone who does not look and act the part.  There are too many sales professionals out there looking for the sale.  In Black Sales Journal 3/7/2011, Be the Consummate Professional, we discussed how minding those particular P’s and Q’s leveled some playing fields, or at least got you in the game.

Be a solid quarterback – This one is a true requirement.  You need to be able to marshal your colleagues and others into a cohesive group.  See Black Sales Journal 4/18/2011, Mastering the Assisted Sales Call and you will see the role of the quarterback. Always remember, you will take the responsibility for an unsuccessful bid to get the account, so seize the moment early on to “get the ducks in a row.”

Know your boundaries and use your turf – Know your turf, and use all of it. Know what is the normal process, and then think outside the box.  Be creative and illustrative and give the buyer firm footing to make the case for your organization’s involvement.

Know how to accept assistance – Know when and how to ask for help from support staff and management.  You deserve help, and you will find that the cost of this help is often recognition and compliments.  The currency of ‘thank you’ is invaluable.

Above all be prepared to show value as well as the economic and operational advantages of being with your organization.  If you cannot figure out any, your chances are minimal in getting the organization to change.

A Practical Example

I once managed a sales professional who did an excellent proposal but our numbers were weak.  Having nothing else to compare to, the proposal showed the new pricing versus the last years incumbent’s numbers that were obtained at the time of the discussions about the dispositions of the quotes.

She illustrated with a graph, and some calculations to show how the difference in cost for our product versus the current product would increase their margin based on the number of units manufactured and sold.  In an industry where the operating margin was less than 4%, she calculated that changing to our product would save them .33% in their cost of goods sold.  This number would move their margin closer to 4.30% and clearly that would help them make their move to their strategic goal of 5% in a tight packaging industry.

Her figures were “rough”, yet illustrative enough that they bought the concept home.  They bought it, and never looked back.  Being illustrative is important.  Show that there is economic benefit, and that you and your organization is easy to do business with, and you can have a winner.

It might not be as clear for other customers, and other products, yet the concept is simple.  Put things in terms that show how you can save them money, or make them money.  They will see the light.

Your comments are welcome.