Black Sales Journal

Your relationship with your spouse or significant other is a focal point in your life. You are familiar with them, and they know you, yet you are wise enough (if you are smart) to constantly show how you feel and at the same time hold up your end of the relationship by doing the perfunctory tasks like paying bills, keeping up the residence, and providing income and services for the family.

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You do thoughtful things like bring home flowers, prepare a special meal, present small, thoughtful gifts and keep yourself in the mind and the heart of that special person.

This is what you need to do for your best clients as well. You need to do your job and at the same time do unanticipated acts that show them they are the focus of your efforts.

This sounds corny, but give it some thought.  So many sales professionals look for the new sale, and forget that your best future customers are your current customers.  The current customer’s tendency to by new products, sign-on for subsequent years, and give good referrals to people looking for your product makes your customer a valuable asset even past helping to increase your income.

The 5 Random Acts

Customer retention is important in any sales operation.  Those sales professionals who have solid customer retention are going to experience higher sales and more consistent earnings, along with more opportunities for growth.  Black sales professionals need to “wall off” their most important customers even more vigorously than other professionals: BSJ 4/11/2011-“Wall Off” Your Most Important Customers shows us some ways to do it.

As stated before, and no different than any interpersonal relationship, this is your chance to stay in front of your customer.  Here are some ways how:

• Small thoughtful gifts
• Cards and letters
• Refer some of your other customers to your customer when possible – and let the customer who is the beneficiary know it
• Business entertainment w/your upper management
• Share relevant clippings and articles from web and print – with a note

Small Thoughtful Gifts – These gifts should be inexpensive, and in good taste designed to show thought.  Example – Buying a customer a $12.00 frame that will house the picture of him/her and you at the latest outing, fishing trip, etc.  This works, and the customer will not toss the frame, or re-gift it usually if the picture is in the frame.  Know your companies gift policy and check this out: BSJ – Entertainment and Gift Giving Etiquette 11/17/2011

Cards and letters – Almost a lost art, but extremely effective and quite inexpensive.  Use very good stationary and cards, and read how it is most effective here: BSJ – Make Yourself Memorable 2/3/2011

Refer your other customers to this customer – The key is to let him know it.  Make sure that you get your mileage from it.  There is nothing more of an endorsement for your customer than for you to send some of your other valued relationships to them.  Have them call your customer contact directly, and advise them to ‘drop’ your name in the first line of the conversation.

Business entertainment with your company leadership – You may not consider it a treat to ‘break bread’ with your company’s management that often, but you would be amazed at how this brings your customer closer to your organization.  Customers love the attention, and in most organization’s the policies require that the management pick up the tab in stead of you.  Don’t under estimate this one as it can help to lock-up the customer, and endear you to management as well. Check this one out - BSJ – Is Your Sales Manager Managing? 10/17/2011

Share relevant clippings and articles from web and print – with a note – Show the customer that you are thinking about him/her frequently by sharing important information about products, economics, the marketplace and other information from the web, or print.  Keep them informed or someone else will.  Be the expert, and anticipate the client’s need for information.

Strengthening the Bond

Why are these effective?  This one is simple:  They strengthen the relationship.  Remember that in sales ‘relationships are everything’.  It is obviously a topic that I cover often in Black Sales Journal and is discussed further in BSJ – Revisited – Deepening Your Customer Relationships 11/11/2011.

Take a moment to put some of these suggestions to the test.  Strengthen the bond and deepen the relationship, then reap the benefits.  You cannot lose if you do.

Always master the relationship!

Your comments are appreciated. You can reach me at Michael.Parker@BlackSalesJournal.com.

Sales professionals know that after the tortuous process of winning customers, account-by-account, it would be literally sinful to have your competitors wrest them from you.  There is truth to that, yet with it comes the fact that the only way that you can keep it from happening is to have a product that no one else offers.  Very few of you are fortunate enough to be able to say that.

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As difficult as the process of retaining customers can be, it is a luxury that others would be envious of.  The objective is to have that process be filled with relationship building, as well as experience sharing, coupled with unmatched service.  As far as your competitors, it will make the act of robbing you of your income and your customer so much more difficult.

Most Black sales professionals are working so hard to achieve general acceptance and get past the issues that constitute preference and perception that they are glad for the victory when they reach that goal.  Strengthening the relationship in the following ways could be the difference between being a good sales professional and being a ‘star’ sales performer.

Building that Wall Block by Block

Building that wall is a process.  Whether you are in B2B or B2P, the process is very similar.  Here are some of the main attributes:

• Make the buying experience memorable
• Master the Relationship
• Give unparalleled service
• Expose them to vertical relationships
• Treat them to horizontal relationships
• Give Recognition – Nominate them for Acclaim
• Communicate
• Call in Favors

Don’t think for a moment that relationship building is easy.  It is however the forte’ of the best sales professionals.  Why not you?

Make The Buying Experience Memorable – You cannot just win, you have to look good in doing so.  Gaining the account in the face of strong competition is great.  Winning because you are what the customer needs creates a value that others might not have.  If all else is equal, and you win because the customer perceives that his organization is better off because you are the expert that they need (BSJ – 12/20 Your Customer Needs an Expert) you can now begin the process of securing other sides to the structure you are building.  Being the Consummate Professional (BSJ – 3/7 Be the Consummate Professional) throughout the buying process is just as important.  Buyers may buy for a number of reasons, yet the composite is that they got a great value.  Part of that value is you.

Master the Relationship – You will need to excel in the relationship.  As stated in BSJ January 13th and January 20th, Deepening Your Customer Relationship 1&2, your job is to be the expert on this customer.  Establish a customer profile, and work it.  Know the buyer’s family, and his or her most important preferences.  Achieve the level of a  “business friend”, and “business consultant”, during the workday and a social acquaintance during off hours.  This constructs walls that generate a preference all their own.

Give Unparalleled Service – We have talked about giving unparalleled service before in BSJ (Black Sales Journal 1/13 – Deepening Your Customer Relationships).  It will separate you from the other sales professionals.  Remember, this is about being responsive.  Solid follow-up is at the heart of this one.  Do what you say you are going to do; by when you say you are going to do it.

Expose them to Vertical Relationships – You may shutter at this one because you shield your accounts from management, yet it works in a way that cannot be duplicated.  Your confidence as the quarterback will allow you to introduce them to your organizations upper, and in some cases top management.  They will not only feel important, they will feel privileged.  Arrange for them to meet the highest level you can muster.  Lunch or Dinner (if appropriate) could serve as solid forums to give them the feel they need for the organization.  Even a meeting in the office works.   The more important people you clients “know” the better off you are at their time of need.

Expose them to Horizontal and External Relationships – The horizontal relationships can be enriching as well.  Your service team, your sales assistant, and anyone else who helps you make it happen.  I also include in this your ability to include introductions to key accounts that have a like interest in business pursuits including suppliers, Chamber sand other membership groups, etc.  Be the resource that no one else can be for them.  Break the ice for them in relationships with other “like thinking” customers of yours that could benefit them, and build your wall.  They could increase their profits because of you.

Give them Recognition – Sometimes, recognition can go a long way.  An honor bestowed in the form of a luncheon for a customer’s management staff, and a $40.00 plaque can go a long way toward locking them in.  Sincerity in this award is important; yet even more important is doing it correctly.  Be there in person and give some amount of notoriety.  If covered correctly by their newsletter, you might be surprised how far it will go.  In your customer’s mundane world of supplying nuts and bolts, to be recognized as an innovator in warehousing, logistics, safety, and other notable areas is a proud moment.

Communicate, Communicate, And Communicate – You are never at a risk of over communicating.  Communicate early and often, monitoring your communications by summarizing and reducing it to writing.  Give bad news as early as you have it confirmed, and give your good information with the same pattern.  You will be rewarded with credibility, credibility, and more credibility.

Call In Favors – If there was ever some one to do if for, your best customers are it.  Call in favors for your best customers when necessary.  This means you need make sure that when you need it, you have the “capital” in your operation to get something done for your best customers whether it is exceptions or pricing influence.

The Best Value

If you do all of these things, it will represent the best value imaginable for your customer.  The customer will have an engaged, resourceful sales professional.  You will have a client who will always be a  “hard target” for any other sales professional to pick off.  You will need to be competitive, but not always low in price.  You will need a good product, yet not necessarily the industry leader.

The best is that so much of this focuses on you, the sales professional.  Over time, this is almost all about you.

Thanks for reading Black Sales Journal.  We welcome your comments. Reach me at Michael.Parker@BlackSalesJournal.com.