Posts belonging to Category minority entreprenuers



What Lie Will You Tell Today?

Tell the Truth

“I’m not upset that you lied to me, I’m upset that from now on I can’t believe you.”
― Friedrich Nietzsche

There something about telling the truth!  It can disarm, humble, or even impress a buyer. The truth builds relationship, even contentious ones.  There is also something else about telling the truth that is even more important: Its easy to remember!

_________________

You have seen in previous posts my comments about telling the truth in the sales process.  It is without fail that when a sales professional gets immersed in small lies, they graduate to being able to tell the larger ones with aplomb, and without much hesitation.

I will clarify what I mean, and I am almost certain you will know someone who engages in the practices that we are talking about.  The truth has a strange way getting in the way for some sales professionals.  Being honest about the fit of your product and the customer’s needs is an essential part of the process.  If you are caught in a lie in the sales process, your chances of a good relationship are diminished.

What Kind of Lie?

There are several different types of lies that are common in the sales process.  I would suppose that it would be simple to say this a prohibition against lies should apply only to the “big ones.”  To be truthful, that is not correct.  Sprinkling your encounters with customers with lies cannot result in any great advantage worth losing your credibility over.

We spoke in Black Sales Journal 3/31 Credibility – The Goal of the Black Sales Professional,regarding this issue, which is so important.  It cannot be denied that credibility is the “pot of gold at the end of the rainbow” for the Black sales professional.  You cannot manufacture it, you must earn it, and it can be fleeting if you are not careful.

Lies of Convenience

I am sure that we all believe that there are small imperceptible lies to customers that don’t matter.  They are small, and meant to be “convenient” type lies.  This is convenient for whom? I think you get it.  The small lie, which is told to the customer, is for the convenience of someone else.  It may be that you cannot get delivery until next month, even though the product is needed next week.  Missing this sale would be better than losing the confidence of customer.

If you are lying for convenience, rethink it.  That small lie for convenience can break any confidence and trust you have if you get exposed.  Think of your relationship with the customer based on the “life value” of the customer.  The total amount of business that you can get from this particular buyer, whether he/she stays at this current organization or not, is what should be considered, this year, the following year, and the years after.  The total of this is the life value.  To guess at it, multiply the value of the average sale (in dollars) times the average amount of transaction or sales that will occur in the life of that relationship.  Sometimes, you might find yourself surprised by the size of that number.

The confidence that you maintain with the buyer will go well past the fact that you don’t deliver in a particular instance.  Tell the truth and you will be recognized for delivering “when you say you will.”

Lies in the Middle

Obviously, these are not necessarily big, but they do happen. Yes, there are sales professionals who would tell something other than the truth about their product or service to get the commission or bonus. The problem comes when the performance is not there, and someone loses confidence in you and your product or service.  Knowing the features and benefits of your product or service, is what you do.  You can easily substitute, or contrast a different feature when you know your product/service is not the leader in particular area.  When you say things about your product/service, or your organization that are misrepresentations, it may be sales talk, but it is still a lie in the eyes of a customer.

Lies to avoid embarrassment or cover for mistakes are lies told which could be avoided.

Lies for Profit – The Big Ones

If you know someone who is telling lies to consummate the sale, and thus pocket commissions or bonuses, then they are involved in the “big one.”  I only say this because if they can twist the truth for the self of self-aggrandizement, I suppose that they have decided that this is a job, and not a career.  It will catch up with them at some point.  Obviously, no suggestion in a journal like this will change their mind.

I will say a couple of things about the process of lying in sales.  In a profession where relationships change everything, a lie can change the landscape.

A Case for the Truth

The energy expended on the lie, and the “maintenance of the lie” is consuming.  Additionally, the truth is easy to remember. No need to expound on this issue.  So it is noble to tell the truth, and may expose you to some chagrin, yet we all make mistakes, forget, and have errors in judgment.

Resort to the truth and you will find that the best customer is the one that appreciates you because you are an honest professional.  Sales professionals who tell the truth don’t always get the business, yet they secure and grow relationships.

Some sales roles are transactional, but for some of the best compensated it is a relationship game.  Don’t forget it!

We welcome your comments.

First Deliver Solutions…. Then Sell!

Even the number one business in its field has problems in need of solutions.  The best of breed businesses and industry leaders struggle to find solutions so that they can stay on top.

As a sales professional, implicitly what your customer pays you to deliver solutions.  Many times those solutions are underpinned by your own product or service, and sometimes it is the packaging and perception that gives them value.

______________

If you are the sales professional for a firm, and you are ignorant about hat they need, you cannot produce solutions.  You have to ask.  You must gather from them enough information to “make a difference.”  Know how to make your product and services convenient for them.  It is called “ease of doing business.”  If you give the customers an easy way to interface with you, you will make a difference.

Diagnose The Issues

The only way to know what would provide ease of business is to listen and probe deeply and frequently.  Communication is at the root of this diagnosis, and action is the result.

  • Investigate – Seize every opportunity to ask your customer what are their greatest opportunities and threats from a business standpoint.  As companies determine these in their SWOT (strengths, weaknesses, opportunities, and threats) analysis you can focus on what your organization can do.
  • Strengthen Your Knowledge – Know your company’s industry, and have a strong knowledge of the customer’s industry.  Know how you can use your current product offerings packaged differently to satisfy needs.
  • Record – Keep a good record of customer’s problems, and take time to group problems of like-customers together.  If you do this well you can pick where to spend your time trying to develop superior solutions.
  • Research – Spend time researching the best way to solve problems, once you have determined what can efficiently be solved.  Use your competitor’s ideas, your imagination, and yourexpertise as you research how to solve.

Stand and Deliver

Once you have determined what can be solved efficiently and have researched the solutions that can be used, you have an excellent opportunity to be a “star” if you deliver it correctly.

I am going to give a practical example of how this works:

An office products sales professional recognizes that his list of clients includes a large number of non-profits.  Much of his customer list had similar needs, and similar restrictions from the standpoint of finances.  Non-profits are similar, although not the same.  Knowing this market segment, he began to structure a program that had some unique offerings.

Realizing that many of these non-profits buy many of the same products, he began the process of packaging them.  He came up with unique “offerings” that were mainly packaging that satisfied a need regarding the products purchased, and the way they were consumed.

He then lobbied for unique credit terms (trade terms) that he could offer, knowing that they would need to stretch out payments for a longer period based on them being funded by governmental agencies and donations.  Once he got them, he made that a part of his “Non-Prof-Pak”.

He then worked to do that which you can only do if you know the buying habits of your customers.  He worked to do a separate mailing to his customers (“Non-Prof-Pak) with the most frequently purchased products in it.  This was based on his research of what products were being purchased by all of them.  His mailing amounted to a specialized catalog of items that were most used by non-profits including some items that his organization did not carry; yet he knew they needed.  He arranged for those items to come from a “friendly” competitor that allowed those items in the mailing.  It was “win-win”.

The result was that his customers did not have to search for their most common items.  Someone who “specialized” in non-profits sent them to them!  We know that it was the way it was packaged, and received.  They did not have to hunt through a long catalog; someone had marketed directly to them.

This sales professional picked up business from this sector, and attained a certain stature in the business community.  This individual has retired since then, and there are not catalogs for the most part with on-line marketing, yet the example is solid.  Packaging is important, marketing is important, and specialization is important.

Product and Promotion

That is a question only you can answer.  There is a possibility that you can identify a group of customers who have a similar need and operating pattern.  Examples are storefront merchants, Black churches and religious organizations, truckers, printers, publishers, and a host of other semi-homogeneous groups.  You want groups with more in common, than differences.

Structure them with an eye toward what solutions they need, then deliver it.  Your research is important, so do it correctly.  You can figure out what makes them the same, and market to them with the application of some of the steps above.

Remember the 5Ps of Marketing:

  • People
  • Place
  • Product
  • Promotion
  • Price

In this effort, you are concentrating on the product, or perceived product and promotion.  Your packaging of the product promotion makes all of the difference in the world in this case.

You can only do what your organization lets you do; yet there is some latitude here.  Remember some of the discussions in Black Sales Journal 12/20 – Your Customer Needs an Expert- Let it be You.  We are not talking about you being a sophisticated expert here, yet your ability to package and promote will be the ultimate asset.

By doing this you can provide an ease of doing business that others might have missed.  You can orchestrate the designing of product packages that hit the mark.  We all have seen it, known what it is, and still purchased because it had “perceived” value.

I think you can provide more solutions than you think.  You might be surprised.

Your comments are appreciated.