I had a meeting with a buyer to discuss adding another line of business to his account.  I felt that I could save him money, and I felt I could make some money for my company and me as well.  He was always an easy person to talk to, and I measured my relationship with him at to be at the highest level.  As his need for the product was high, this might just be a matter of timing.  He was accepting proposals from three vendors in total.

I went to him, presented a ‘death grip’ (a proposal that had price and product that could not be denied) and his response was, “I am going to stay where I am on this one.  You price is good, and I like your organization, but maybe next time.

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Almost every business relationship has a limit, and it is usually because of the trust factor.  When the requisite level of trust is absent, the resulting trust deficit might be based on the sales professional, and in many cases, it will be based on the company that sales professional represents. Either way it ‘stops’ the sales process in a way that does not result in any revenue changing hands.

In the case above, the buyer did not have enough confidence in either me, or my organization, to let money change hands.  Getting the order means getting over this “hump”.  Obviously this was a learning situation for me.

The Trust Deficit

“Every sale has five basic obstacles: no need, no money, no hurry, no desire, no trust.”

Zig Ziglar

No one wants to think that they are not trusted, but usually this is not personal …this is business!  You have not necessarily done any wrong, but you may still have work to do getting rid of the trust deficit

This obstacle is seldom meant to beckon that you aren’t trustworthy, it is meant to show the relationship is not as solid and intimate as you thought.  You can overcome this lack of trust, and should not take it personally.

Are You At a Disadvantage?

Black sales professionals you should assume they are at a disadvantage until it is proven otherwise.   Let me explain that.  Being at a disadvantage means that you have work to do.  Assume you do not have all of the trust necessary to close the deal, but the good part is that you are in the game.

Trust is an essential factor to consummate a business relationship, and the raw truth is that when you are Black or another minority, you need to work continuously to make sure that trust is present as you may be lacking one of the most important aspects of a positive business relationship, something I call preference.  If you will remember from earlier of issues of Black Sales Journal, specificallyBSJ 12/27/2010 Preference, Prejudice, and Perceptions and Your Customer, and BSJ 12/12/2011 Racial Preference in Action to name an important few, preference is important.  It is at the top, and the bottom, of any business relationship.

Preference is ‘socially’ legal.  Preference is still different from “racial preference” as you will see if you read the above articles.  Racial preference is vexing, and is everything wrong with business.  Racial preference is racial prejudice!

I will speak more on this important item in a moment.

Building Trust

How do you get the trust you need.  How do you generate the most complete relationship?  Well, I am going to point you in the direction of a couple of in-depth articles on building the trustful relationship between you and the customer:

Black Sales Journal 7/11/2011- Deepening Your Customer Relationships – The Holy Grail for the Black Sales Professional

Read this to know how to construct and maintain the strongest relationships.  Remember, relationships are everything.

Black Sales Journal 1/20/2011 – Deepening Your Customer Relationships Part 2

Read this one to gain access to a simple customer profile that you can change as you see necessary, and other tools to help you record and recognize the relationship and its strength.

The Role of Racial Preference

Racial preference is essentially racial prejudice, and there is frankly no other way to state it.  Are you at a disadvantage?  The answer is ‘possibly’.

We need to face the fact that there are many buyers who could care less about your color, and believe in fairness.  Many more believe that they do, but are affected by forces that they don’t even recognize.

That is the nature of racial prejudice.  It is easily hidden from view, and with that in mind I suggest you always assume you are at a disadvantage.

Read about it in the articles I cite, you will recognize it, and learn to make the proper assumptions.

Relationship Building 101

Build a relationship for all of the reasons cited in these posts, and put your energy and resources toward making sure that you cement together a solid, enduring relationship founded in trust.  Deliver on your promises and commitments and you will create the underpinnings of a trusting relationship.

Ask the customer how you are doing…get meaningful feedback from this important relationship.  More in Black Sales Journal 3/12/2012, Ask Your Customer for Feedback.  You will be amazed at how the customer begins to start to develop an affinity for you if you will put yourself on the line like this.

Be the best at what you do, and remember you cannot win without your customer’s trust, and relationships are everything.

Your comments are appreciated.

There are always gambits and tactics that you could learn from the best sales professionals.  Some of these useful tools might present ways to become more effective and some might be ways to be more persuasive.  Whatever the thrust is, there are procedures that are working for some of the highest earning sales professionals out there, and you should be doing all of them.

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The best sales professionals have benefited from learning these things from others as well, although some of them have worked hard to construct the tactics.  I am a believer that the tactics are “fair game”, and the best will feel flattered that they are being ‘copied’.

12 Lessons –  Learn and Benefit

We all have certain tricks of the trade.  The best sales professionals have some rather simple ones that they brag about.  I think that the ease is in knowing them, and that they can be effective. You will need to remember and practice them, as they don’t necessarily come naturally.

Remember that you are not without your own time-proven gambits, yet these can supplement anything that you have been doing.

• Before You Leave – Secure the Next Appointment
• Each Meeting Have an “Action” in Mind
• Be an Effective Listener
• Know When to Say “I don’t know”
• Be an Expert
• Recognize that Rejection is Part of Sales
• Show a Personality
• Always be Dressed for Business
• Have multiple “touch points” at Each Customer
• Prospect Every Single Day
• Develop Deep Enduring Relationships
• Be Responsive

Before You Leave – Secure the Next Appointment – Never walk out without the next chapter being planned.  One of my favorite sales authors, Stephan Schiffman (101 Successful Sales Strategies, 2005 Adams Media), makes this suggestion about the first call.  I certainly suggest it for a first appointment, yet suggest as well for much of the early going with a customer.  End each session setting up the next encounter.

Each Meeting Have an “Action” in Mind – Know your end game for each session.  Make sure that you have an action step in each meeting.  Your update to the customer keeps you in contact, and keeps things moving along

Be an Effective Listener - The best sales professionals let the client talk.  They ask open-ended questions that generate complete thoughts and answers.  They let the client completely finish those answers before giving their input.  Then…they listen! Customers know when you are listening, and they appreciate it.

Know When to Say “I don’t know” – No customer expects that you will have an answer for every problem during your call or meeting.  It is safe to say that you don’t know.  Follow-up is the key, be responsive and do your research.

Be an Expert – You all know my sentiments about being an expert.  It is that angle that you can take which can define you in the future.  Everyone needs expertise in some particular area, and once they have it, the recognition and acclaim begins to flow.  Whether it is an industry, geography, or a product, you should recognize that “expert power” is effective and can mesmerize a customer in addition to giving the requisite value.

Recognize that Rejection is Part of Sales – A sales professional does not take rejection personally.  The Black sales professional needs to be able to separate rejection in the sales process from preference and prejudice.  They are different!  Rejection is part of the process, and the more you have rejection, the more you are able to determine its common nuances,  Don’t sweat it.

Show a Personality – Don’t put on a show, but show that you are a human being.  If the only thing the customer/prospect thinks is that you want his check, you have missed an opportunity.  Remember to be personable, not personal.

Always be Dressed for Business – Dress as if you are serious, and always dress for the part.  Business dress is your “uniform”.  Don’t find yourself being lulled into dressing down as you are on a mission.

Have multiple “touch points” at Each Customer – The “deeper” your contact points go into a customer, the more assured that you can be of having an “ear” in an organization.  When there is change in your customer’s organization, you will appreciate this suggestion.  Know more than one solid contact in each of your customer’s organization.

Prospect Every Single Day – Every single day you should be preparing for the future.  Prospecting is not the sole source of new business prospects, but it is most effective use of your time on a daily basis.  It needs to be a planned routine and it needs to consistently be executed.  Only then can the “law of large numbers” work for you.  Religiously execute the prospecting plan.

Develop Deep Enduring Relationships – Everyone that most of us sell to is a current customer and a potential repeat customer.  Relationships “rule” in the end and can change “preference” as two whom one prefers to do business with.  Develop relationships with a purpose, and work at them.  If you are truthful, and give value, they will start to increase in depth.

Be Responsive – The best sales professionals are responsive to the highest degree.  They answer their phones, return missed calls methodically, respond to questions and do all follow-ups against the clock.  Responsiveness does not mean that you grant all wishes, but it gets answers so people can move to the next important item.  It is always appreciated, and creates an expectation that many sales professionals cannot match.

I know that there are probably more things that could be learned, yet if you live by these simple rules you can generate more success.  If you are good at internalizing them, the difference will be reflected in a professional demeanor and the success should follow.

Maybe you are doing many of these, although maybe not all.  Try them and let me know the results.

We welcome your comments.