Black Sales Journal

Lessons learned in sales are always important.  Most important is internalizing those lessons that will pay dividends.  This post from mid-2011 is revisited with some changes that make it even more applicable.  I have always been able to learn from the best, whether in sales, or in management.  Being able to model and copy some activities from successful professionals is very important.  Read it and you will see.

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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 would be missing something not to try them.

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 You Can Learn and Benefit From

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.  Visit  BSJ – 6/2011 More on Being the Customer’s Expert

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.  Visit – BSJ 2/11 Your Appearance, Your Image.

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. BSJ 2/11 How Many Prospects Do You Really Need?

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. BSJ 7/11 Revisited – Deepening Your Customer Relationships – The Holy Grail.

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. BSJ 6/11 – Responsiveness – The Objective of the Sales Professional.

Success Comes to Those Who are Prepared

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.

Be effective  by by being the most prepared.  you can do this.

We welcome your comments.

Whether you are selling a commodity or a specialized product, this post should appeal to you.  Separate yourself from the others and demonstrate the difference.  We revisit this post that first appeared over a year ago.   This one remains tried and true.  Think about it and determine how you can be a difference maker.

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As a sales professional you sell what you are given to sell.  When the company that you are representing is selling a commodity, you have to put forth some extra effort to land the business.

While there are a lot of products out there that “sell themselves”, you may have a product that is as inauspicious as salt.  I am going to talk a little about some ways to get the “edge” in the sales process.

Salt Might be Just Salt, but ‘You’ are Different!

The majority of products do have features that provide benefits that others do not necessarily have.  Commodity products are literally indistinguishable from their peer products.  Know how different your product is, if the customer views your products as “the same” as your competitors, the customer’s perception is the new reality.  Here is some good information that you can use to help

• The Package – The package is anything you and your company do that gives the product additional or differential value.  Items like delivery time, credit terms, refund policy, and other additions are important.
• The Professional Edge – You, in partnership with your organization can be the edge.  What makes you the best sales professional out there?  Can you define it? Responsiveness, innovative, intuitive, or are you an expert, product or industry as described in Black Sales Journal’s Your Customer Needs an Expert – December 2010
• The Pricing – If this variable is equal or close to the other products, it does not detract from the rest of the items.

• The Perceived Value – The sum of the above three items in the eyes of the customer.  This is how the customer believes that they can benefit from the coupling of your product, packaging, pricing, and the professional that is standing behind those three items.

So the simple equation looks like this:

[PACKAGE + PROFESSIONAL + PRICING] = CUSTOMER’S PERCEIVED VALUE

The Package

This one is simpler than you think.  Keep in mind that since it is under your nose, you might not have studied it much.  Now is the time to take account.

A carpet store knows that most of the carpeting that they are selling comes from the same mills as their competitors are using.  Price is a differentiator, but when it comes to this product, the slight differences in price for buying in volume do not transfer well to the customer.

The answer is the packaging that includes:

• Same day or next day delivery
• Sunday Installation
• Employing your installers (more accountable, more responsible)
• More favorable credit terms
• Disposal of your current carpet and pad

None of these things are beyond duplication, yet when some are offered they can make the difference in the sales by appearing more amenable or customer centric.  Think about the advantages that your organization has over your competitors, and focus your sales pitch on them.

The Professional – YOU!

This is the most visible difference out there, if you believe in yourself and give it your all.  Being responsive, giving excellent follow-up before the sale, and being an expert (industry or product) can be solid differentiators.   Know how to use them to your advantage.

It is not enough that you can brag about your experience; can you give references as to you and your company’s work?  Can you drop names of those that have benefited from your ingenuity and judgment?  When you get those compliments, you must file them and be ready to call upon them.

By being the ultimate professional, the Black sales professional can make all of the difference in the world.  Knowing how to smoothly go from appointment to commitment to the close is invaluable.

The Pricing

In a true commodity situation, your price is most likely going to be very near the same.  Pricing factors should affect all products equally.

Perceived Value – The Customer’s View

The customer is looking for some difference, and in the absence of something relevant will consider it a commodity product.  This is not good because then there is an inertia that will keep them with their current vendor.

The sales professional has a responsibility to catalog the differences, and find the ones that apply to the buyer.  The buyer’s perception of those differences is the key.  Know your buyers and know your packaging.

In this example you are selling galvanized screws in 20 pound boxes.  Your product is so much of a commodity that your box even looks like your competitor’s products.  You, as a sales executive, cannot change anything on the product, or the box they come in, yet you can intervene to get them better the credit terms, insure delivery by tomorrow, or something else of value based on your knowledge of the customer’s situation.  The concession regarding credit or delivery is a packaging issue, yet the listening to understand that extensions of more credit or rapid delivery were ultra-important comes from being an engaged professional.  The net result is that the customer’s perception will be that your package, you and your company, have more value.

Try the exercise of taking inventory of you and your company’s advantages down to the smallest of differences.  Be exhaustive in your review.  You will note that even when the product is a commodity, there is still something to sell.  Last but not least, remember the real difference maker, you the sales professional!

Let us know what you think.