It’s the Fourth Quarter Customer, Do You Want to Buy or Not?

2012 is still going, but as we enter October it is obvious that you have just under three months to make goals, and possibly save your job, or make additional gains which might also give you a financial boost.

You almost want to tell your prospect or customer: “It’s the Fourth Quarter, Do You Want to Buy or Not?!!!!”

Three months is far from an eternity, but it is enough time to make some things happen.

It is a tough economy out there so some customers are not making decisions with the timeliness that you might need, but that is the way that the last quarter goes.  I am going to pose some basic actions that might make it more clear what your opportunities are, and maybe even help give results when you need them most.

It’s Not Now or Never – But Now Would Be Better!

I once was buying for a large social service organization.  Having had a sales background I marveled at how many of the sales professionals (some more professional than others) tried to get me ‘off the dime’.  In many cases they did not realize some of my limitations, such as the funding cycles of a not-for-profit.

As a buyer, and as a sales professional and sales manager, I recognize that the more you know about your customer, and their liberties or limitations, the better you are.  Remember as well that everything pivots off of the relationship.  If you have a strong durable relationship, you can approach topics that others might find more difficult.

Stay in front of your buyer – But with a purpose! – Face-to-face is the always the best way to put the gentle pressure on to close a deal.  For customers who appear slow to make a decision you will want to set-up last quarter meetings to discuss any number of items (customer satisfaction, upcoming year needs, recaps of services during the current year, etc.).  If you set up these meetings at mid-year, it puts you in front of the client at a crucial time…decision time.

Use tact and probes to determine objections. – This is no time to ‘jelly foot’ around.  You need to use your probing and interview skills to determine why you can’t close this one.  Be tactful and direct in determining what the objections are, and realize that getting to the bottom of this is easier than finding a new prospect.  Something is keeping the customer from making a decision; your job is to make sure that it is not some aspect of your product, organization, or you.  If you don’t have the right product-price combination, get your customer to tell you without negotiating against your own organization by cutting the price before you know if that is the problem.

Add something of value! Move to close. – I am not into ‘smoke and mirrors’, but you may have to find something that has either service or economic value, and ‘sweeten the pot’.  You can’t let the offers hang out there indefinitely, but you probably don’t want to retract them.  A suggestion is that you can try adding  things to the offers for a limited time.  Make sure it is something that you can afford to give, and remember that you should be able to put some value on it, because if you cannot, your customer will assume it is of little value.  An example would be, a financial products sales professional indicating telling the customer that if he/she consummates the deal that in the months of November or December that they will receive a retirement planning session for free.

Keep Score

Nothing is worse than believing in the unbelievable.  Make a list of your prospects/customers that owe you answers and grade them.  Just being honest with yourself is worth bundles.  Spend your time making the most probable ones happen, and move down the list from there.

Don’t leave stones unturned and questions unanswered. Tie up the loose ends and by all means, be the professional.

Your comments are welcome.

Empathy – Bind Yourself to the Customer!

Empathy – the action of understanding, being aware of, being sensitive to, and vicariously experiencing the feelings, thoughts, and experience of another of either the past or present without having the feelings, thoughts, and experience fully communicated in an objectively explicit manner; also : the capacity for this.

Merriam-Webster Online Dictionary

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Selling and the sales process in general can be consuming.  Remembering the sales techniques, the product specifications, the time lines, and…oh yes, the customer.

The customer, regardless of the quips and quotes of many sales books and sayings, should not be forgotten, yet frequently is either forgotten or not made the focal point.

The best sales professionals realize that the customer’s plight will spell their success.  Having an insight into the concerns and feelings of the customer may take a little more energy, yet can result in the type of relationships that are enduring and profitable.

Logical Order

You meet a new customer for the first time, and this is your great opportunity to land a profile account and you have been waiting for it for a long time.  After the perfunctory introductions you begin to describe your company’s history, philosophy, and superb reputation.  He shows signs of agreement and understanding, and even compliments your fine organization.

You launch into the products that made your organization what it is, and even note which of your fine products you think would fit the customer’s needs based on the best selling product in your companies cadre of products.  He is engaged in the process, and showing interest.

Before we go any further with this, take note, you may be showing your knowledge of your company’s products and your presentations skills, yet you have missed the opportunity to understand what the customer needs.  You will likely blow the sale, or even worse, sell the customer something that they don’t need.  If you miss the opportunity to know the customer’s needs you will be hard pressed to provide solutions and satisfy needs.

Stephen R. Covey said it best in his book, The Seven Habits of Highly Effective People, “Seek first to understand, then to be understood” (Habit 5).  It has been said many other ways, but this one is the easiest to internalize.  The more knowledge you have about the customer, the more qualified you are to help that customer.  Knowing gives you the basis for empathy.

At the basis of this is good communications and the one of the least mastered skills…listening. (Black Sales Journal 4/14 – Are You Listening To Your Customer?)

How Would You Feel?

The easiest way to think about how your interaction affects the customer is to put yourself “in the shoes” of your customer.  As a customer, you want to have solid communications and a sales professional servicing your business that understands your business, and your businesses situation.

Customers want someone who has taken the time to carefully probe their needs, including their strengths and weaknesses so that they can offer solutions.  They want you to know relevant aspects of their business plan as well.  When you probe with the question, “What is your company going to look like in 8 years?” The customer might respond “Our growth will result in a tripling in size most likely because of our movement to automatic widgets as opposed to manual ones, as that is the most profitable line that we have.”

If appropriate, ask relevant questions regarding business goals and objectives.  It takes time, but that it what a true professional does.

This professional does the following:

  • Seeks to understand your customer’s needs and priorities, and is genuinely empathetic because they do understand.
  • Knows the customers goals and objectives and works to get fulfillment
  • Clearly communicates with the customer, then follows with correspondence for monitoring and clarity.
  • Avoids using technical language and jargon that your customer may not understand.
  • Allows the sales process to proceed naturally, and does not exert unnecessary pressure.

Empathy allows you to recognize the importance and gravity of many of the issues in the customer’s world, and how they are affected.  It increases the urgency on some matters and decreases it on others, and that allows you to know, as the client knows, what is most important.

Don’t Fake It

Care must be taken not to be artificial in showing empathy, as if your buyer thinks that you are feigning empathy, it will almost seem patronizing.  It will simply look as if it is being done to ‘get the account’.  This is not a good place to be as no one wants to be manipulated in that fashion.  This is very evident in B2P sales, where some of the sales happen over the kitchen table.

If you cannot be genuine, then you may want to avoid the appearance of empathy, as it will be noticeable.  We have all had a sales professional (used loosely) who tried to act understanding, yet was not that good of an actor.  It is insulting to say the least.

If you have the passion that should be evident as a professional attempting to help your customers find solutions, none of this will be an issue.  You will feel the empathy more when you have uncovered the customer’s needs and special situations through your interviews and probing.

Your customer’s need you to understand, and will award you appropriately.

Your comments are appreciated.