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Posts Tagged ‘consultative selling’

Are you a stressed out salesperson?

Tuesday, May 19th, 2009

I think that it would be fair to say that many sales people, and business people for that matter, are stressed out due to the tough economic conditions that we face.  I have a simple question… would you rather purchase from a stressed out and nervous salesperson or a relaxed and confident salesperson?  If you are the sales person, where do you place yourself on the spectrum?  Are you relaxed or are you stressed out. 

Last week I presented five breakout sessions to a group of Texas state employees on the subject of stress management.  Here are two of the five practical ideas that I presented to them on stress management.  I borrowed several of the ideas from Dale Carnegie’s book How to Stop worrying and Start Living:

  1. Identify what you are worrying about
    1. Figure out the worst case scenario
    2. Accept the worst case scenario
    3. Work diligently and calmly to improve upon the worst case scenario that you have already accepted
  2. Solve and Decide
    1. Write down what I am worrying about.
    2. Write down what I can do about it.
    3. Decide what to do.
    4. Start immediately to carry out the decision.

Try these out.  A relaxed salesperson will sell more any day, guaranteed!  Here’s to a happy and relaxed selling environment.

 

 

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How has your sales role changed in this economy?

Monday, May 18th, 2009

I was talking today to a sales professional in the real estate industry. We were discussing how different the markets were today than they were 6-18 months ago. In the past, he said that his role was to bring a willing seller together with a willing buyer. In today’s market, he said that he now has to the difficult challenge of bringing a distressed seller, who is generally selling short, together with a buyer who is skeptical and wondering what is wrong with the deal.

As a sales professional, your value might be changing as well. In the past you probably have played the role of a facilitator. Today however, your role might be closer to the role of a mediator than you have ever experienced. Have you considered the difference? Consider that a facilitator is simply someone who makes progress easier. Therefore in the past your role was one of connecting people who were both comfortable and ready to move forward with a deal. In that environment there is little or no friction with both parties trying to get the deal done. Today as a sales mediator, you might need to position yourself differently. Why, because not everyone will be excited about having to carry out the transaction. Here are several thoughts about what mediation is. Even though buyers and sellers aren’t generally in a dispute, consider how these rules could be slightly modified and applied to you in your sales and business development role.

  1. The role of the mediator is to reduce obstacles to communication, assist in identifying issues, exploring alternatives, and facilitating voluntary agreements resolving the dispute.
  2. The mediator is responsible for assisting you in reaching informed and voluntary decisions while protecting your right of self-determination.
  3. The mediator must maintain impartiality throughout mediation. Impartiality means freedom from favoritism or bias in word, action or appearance, and includes a commitment to assist all parties and not any one person.

Applying these rules will allow you to establish trust with any party who is not favorable towards the deal. Trust in every economy is at the heart of every deal. Try this new role out or a variation of them and let me know how they work for you.

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What are your customers waiting for?

Monday, January 19th, 2009

 

Have you recently made a sales call and your customer said to you that they weren’t going to engage with you because they were waiting to see what is going to happen with the economy?  Well, what exactly are they waiting for?  Are they waiting for the Dow Jones Industrial Average to go above 10,000?  Are they waiting for the price of oil to go to $ 15 a barrel? 

 It is fair for each of us to define the right set of metrics for how and why we make business decisions, but my question is this…how many people and/or companies have actually defined those metrics.   If they have great, find out what those specifics are, and then track them for your client or with your client.  When the strike price has been reached, you will be ready to move forward with your client.  If they haven’t identified those criteria then maybe they are just generally nervous.  If this is the case then we can as true professional consultants, provide them with accurate industry data that will help them determine when they should re-engage and why it makes great business sense to do so.  Make sure your facts are truthful, accurate and relevant and help them build a solid business case for moving forward.  Hopefully, the date to proceed and engage will be sooner rather than later.  If not, you might need to find a new value proposition for your products and services.

Either way, you will be better prepared to serve your customers by knowing when to work with them and when to wait for them.  Ambiguity and uncertainty for you and your client will benefit neither of you.

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