Sales Coaching: The 4 Business Darth Vaders

Employees, vendors/suppliers, associates, and clients all directly impact your ability to succeed.  In a perfect world you serve each other well and enjoy a mutually beneficial relationship.  In reality there are 4 types of people that you must ruthlessly remove from your business life without remorse or hesitation.

Yes, these people may be perfectly likable nice people.  You may enjoy their company outside the business environment.  But that’s the key difference.  These people will inhibit your business success distracting your attention and focus holding you back from where you could be with your business.  It’s like having Darth Vader hunting you down and you’re constantly trying to figure out your next avoidance tactic rather than focusing on your next step for business growth and development.  And you simply do not have time for that in your business.

The 4 types of people you must ruthlessly remove from your business life are:

  1. Incompetent people
  2. People who have no regard for you time
  3. Negative people
  4. People who demonstrate a lack of integrity

No matter how much you “think” you like or need these folks, you don’t.  Keeping them around is the equivalent of trying to go swimming with a one ton rock tied to your neck.  You can’t do a good job of taking care of your clients and your business if you allow any of these folks an ounce of your time and attention.

Instead surround yourself with the people you need to thrive.  These are the folks who know how to get things done and do them.  They’re busy people and have no interest in wasting your time or there’s.  They don’t whine, complain, or tell you how things won’t work they ask you; “how can we make it work”?  And most importantly you can’t count on their honesty and trust.

It’s time to clear the decks and shine the ship mate.  Who do you need to amicably separate from your business sphere?  Who do you need to bring into your business sphere?  And, oh, just checking but make sure you aren’t one of “those” people yourself and someone else is asking how they can eradicate you from their business life.

Sales Coaching: You, in a Position of Influence?

Well, if you’re trying to sell your services you most certainly are hoping you can influence the prospect to choose to buy and buy from you.  Yet, the way most salespeople are “trained” to sell doesn’t influence people it AFFRONTS them.  Not a good way to start a relationship with someone.

There are a lot of misconceptions about influence and persuasion.  A “presentation” or “pitch” isn’t a reliable means of either influencing or persuading a prospect.  For the very reason that “presentations” and “pitches” are focused on something your prospect doesn’t care about one whit.  You and your product/service.

Prospects only care about themselves and what they want.  Simple enough.  So if you want to influence and persuade a prospect there are two simple changes you can make in how you approach sales.

First understand that your ability to absorb, understand, and recall information about the prospect increases your power of influence.  Actually the way I just stated that was wimpy and understated.  It doesn’t just increase your influence it super-charges your influence like gasoline added to a fire.

Put yourself in the prospect’s chair.  Aren’t you flattered when someone hangs on your every word and remembers the exact details of what you’ve said was important, how you approach the decision making process, or the challenges you face?  Duh!

The hands-down most powerfully effective tool of persuasion is….drum roll please…  Questions, sincere questions, relevant questions, engaging questions, questions asked for the sheer purpose of understanding.  Questions allow the prospect to persuade themselves making you the king of persuasion.

So, why don’t more salespeople ask questions?  Because it’s harder for you to ask questions than it is to practice “telling selling”.  You have to break the habit of talking, you have to pay attention, and you have to want to understand the prospect’s point of view.  I didn’t say you have to agree with their point of view.  You have to understand why they want what they want, why that’s important enough to do something about, and whats keeping them from making a buying decision now.

Nuff said;-)

Sales Coaching: Are You Your Own Biggest Obstacle?

A Top Producer is a Top Producer not only because of their skills and knowledge, but because of the way they think.  Top Producers have a mindset that enables them to be Top Producers.  When you aren’t where you want to be, and you think you’re doing everything you should be doing, yet you aren’t getting the results you should be it’s time to look inside.

The mindset that’s holding you back is one based on fears.  You are:

  • Afraid to stretch yourself and get introduced to the people you need to know
  • Afraid to take action so you procrastinate
  • Afraid to go all out and fully commit so you’re indifferent
  • Afraid to make decisions quickly and stick with them
  • Afraid to be overly ambitious because you think that’s just setting yourself up for failure
  • Afraid to rely on yourself
  • Afraid to take the first initiative to make things happen
  • Afraid to be enthusiastic about yourself and what you do
  • Afraid to practice self-control and self-discipline

Before you quickly dismiss any of those fears ask yourself how and when you’ve demonstrated those fears.  If you  think you  harbor none of them you aren’t being completely honest with yourself.  We all hold one or more of those fears on occasions.  The difference is whether you allow yourself to cater to your fears, or you take action to overcome them.

Fears are nothing more than self-learned habits of thought.  They started in childhood.  Some of your fears are valid and healthy.  However, the ones that are hurting your sales success aren’t valid.  They’re based on false ideas that you haven’t challenged yourself to question.

To remove these false fears you first have to ask yourself why you hold that fear.  What has led you to believe the fear you hold?  Is that fear valid for you today, and if so, what evidence do you have to support it’s validity?  If the fear isn’t valid how can you prove to yourself it isn’t?  What would you stand to gain if you could remove that fear?  What do you stand to lose if you continue to allow a false fear to dominate your behaviors?

It all comes down to behaviors, so what behaviors can you develop that demonstrate your accurate beliefs?  Substitute your new behaviors for the old behaviors until they become automatic and replace the old ones.  Instead of holding yourself back you’re now propelling yourself forward.  And you’ll have one less thing standing between you and the sales success you deserve.

Sales Coaching: Good News Bad News

Top Producers are tremendously effective in sales because of their superior questioning and listening skills.  The good news is that anyone can learn these questioning and listening skills.  Plus these skills have been proven to work in all service industries.  The more effective you are using these skills the easier it is for you to sell and sell a lot.

The bad news is that it’s not easy to learn these skills.  I guess that’s kind of the duh factor because everyone will do anything that’s easy, but few have the persistence to work at something that’s hard for them.  Just a month or so ago all those membership gyms were bursting with eager new members who were going to get fit and healthy by joining the gym.  Well, about a week into it those new members don’t have much to show for their efforts accept sore muscles, and they start rationalizing why they don’t have time to go to the gym until they just give up and quit.

Now there are certain individuals who happen to be wired to be good listeners and questioners.  Of course, those folks are a rare breed.  Everyone else has to work at it to develop these skills.  And they aren’t skills you just pick up from reading a book, attending a seminar or workshop, or from following a Top Producer around.  According to Neil Rackham the author of SPIN Selling you need a coach to learn these skills.

The good news is you can learn the skills it takes to be a Top Producer and you can shorten your learning curve.  The bad news is many salespeople will proclaim they can’t afford to work with a coach.  Well let me share a story with you about my friend, Bob, the roofer.

Bob, was called by the homeowner Tim to estimate the cost of repairing his roof.  Bob met with Tim on the agreed upon time and day, and assessed the damages and cost of the repair.  When Bob told Tim his investment Tim caught his breath and said, “that much?”

Tim proceeded to share with Bob a series of hardships the family was going through.  Tim had an auto accident totaling his car, and in the accident his wife was injured and had to stay in the hospital for a week.  He knew his out of pocket expenses were going to be over $10,000, and to top it all off he had just been right sized from his job and his wife still on the mend wouldn’t be able to return to work for another month.  He just didn’t have the money to pay that much to fix his roof right now.

Bob asks, “When do you think it’ll rain next?   Tim shrugged his shoulders and shook his head, “I don’t know.”

Bob asks, “How much water do you think soaked into your insulation when it rained last time?”  Tim responds, “hmmm, I guessed I never went into the attic and checked.”

Bob, “How long do you think it will take for the mold and mildew to spread into the rafters and sheet rock in the ceiling?”  Tim doesn’t say anything but he’s starting to look sick.

Bob, “I don’t want to upset you Tim, but when that mold spreads how much do you think it will cost to have that cleaned up?”  Tim, “I don’t know, do you?”

Bob, “Well, a good friend of mine is an insurance agent and he was just telling me about a family who couldn’t even sell their home because their homeowners insurance had tripled after they had mold damage cleaned up.”  Bob continues, “Tim given all the financial stress your already under if this problem escalates it could financially wipe you out.  Would it make sense to repair your roof now before you have more water damage leading to structural repairs and mold clean-up, and huge homeowners premiums, and even a property that you can’t sell?”  Tim with a look of horror on his face, “Wow, Bob, you’re right I have to do this.  I’ll have to pull some money out of savings and maybe get a small loan and deal with the other bills as they come.”

Now Bob is a Top Producer.  Bob didn’t just want the sale so he could put money in his bank.  He wanted to protect Tim from consequences he hadn’t even considered.  So now I have to ask you, if can’t invest in yourself so you can get where you want to be now how will you ever be able to do it when your sales continue to lag and the bills continue to pile up? 

Professional Sales Training: Drop that Employee Mindset

A professional sales person is commission based and/or they own their business.  The buck starts and stops with you, and you need to make sure your head is in the game to win.  Now many business owners/sales professionals are former employees and that can lead to problems inhibiting your current success.

Employees mistakenly think time alone increases their value.  Here’s what I mean by that.  Employees have a strong propensity of thinking that just because they happened to consistently show up and do the job they’re paid to do for another year that it means they deserve a raise.  Hog wash!  And that thinking won’t work for you either.  Most employees don’t have 30 years experience they’ve had the same experience 30 times, and that doesn’t make them anymore valuable to the company or your customers.

Your value is not based on the amount of time you’ve spent doing something.   Someone who has never done a job can be more valuable than the person who’s been doing the job for 30 years because they bring more personal value to the work.  Your personal value determines your value as a sales professional/business owner.

Each year you should set goals for increasing your personal value to the business.  And that means more than just attending a seminar.  It means not just learning a new idea, but implementing actions that generate more value.  How might you increase your personal value?  Well, you could:

  • develop your expertise in a specific body of knowledge and skill set
  • become recognized as an expert by your peers
  • develop new skills or improve your existing skills
  • increase your productivity
  • focus more on doing the right things and doing the right things right, and less on just doing a lot of things
  • plan your success rather than hoping good things will happen
  • expand your center of influence

And more…  The point is the success that got you where you are today will not be enough to get you where you want to be tomorrow.  So, if you aren’t moving forward you’re moving backward.  And unlike an employee no one is going to give you an unearned raise just because you think you deserve one.  So bolster your entrepreneurial spirit and pick at least one way you’ll increase your value and get yourself a raise!

Fearless Sales Genie?

Fear of rejection is a major obstacle that you try to ignore.  Of course, ignoring it won’t make it go away and it won’t make it any easier.  Plus fear of rejection leads you to rationalize your behaviors and make excuses.

Fear of rejection is entirely in your head, but that doesn’t make it any less real.  At some point you have to be OK with the “no” even embrace the “no”.  One way to do that is to change your perspective.

By that I mean make it your objective to reject the prospect.  Not everyone is a good fit for you and your business.  You don’t want whiners and people that don’t pay their bills.  You don’t want people that you don’t have a great solution for.  So starting right now start thinking about the questions you need to ask that will help you to reject the prospect.

You can even set the appointment up from the premise that you may not be a good fit for each other, but that by the end of the conversation you’ll both know that.  The thing is the less eager you are the more attractive you become.  But we still have to deal with that underlying fear of rejection.

Make a list of exactly what you’re really afraid of.  Keep writing until you can’t think of another thing.  Now go down that list and beside each fear write down the reward having that fear gives you.  Whoa, I’ll bet you had to read that sentence a second time.  You’re thinking reward, fear doesn’t reward me but you see my friend it does.

You’ve allowed fear of rejection to become a behavioral habit.  The thing about habits is that no matter how ugly a habit is or how bad the consequences a habit may have on some level that habit is very satisfying.  Why else would allow themselves to get addicted to cigarettes, alcohol, or drugs.  Fear is your nasty little addiction, and you have to discover for yourself how fear is actually rewarding to you.

You don’t just turn habits on and off.  When someone overcomes an addiction they have to replace the behaviors associated with the addiction or they fail.  Go back to your fear list and ask yourself what behaviors can you demonstrate through action to replace those fear behaviors and reward yourself.  Then commit to those behaviors one experience at a time.

Yep, you’ll still come across prospects that are having a bad day and decide they need to kick you instead of the dog.  You can’t change or control that, but you can control how you choose to respond.  You are bringing each prospect an exciting opportunity that will benefit them, they have everything to lose and you have everything to gain.

Insurance Professional Prospecting: Stack the Statistics in Your Favor

According to LIMRA just 19% of male agents and 15% of female agents make it to year 5.  LIMRA further reports the most dangerous date is the two year mark when 53% of male recruits and 62% of female recruits will quit.  And contrary to what the recruiters told you when you signed up the average male agent earned $89,123 in 2006 while the average female agent earned $46,866.

The statistics are against you and they will remain against you until or unless you proactively do something about it.  If you want different results you and you alone will have to do things differently than everyone else is doing them than everyone is telling you to do them.  Because if you don’t, even if you remain in the business, you’ll be in a set of statistics you don’t want to be in.

Many of you were told when you were recruited that you’d be earning +$100K by the end of your first year.  While that story is commonly told by recruiters I’ve never heard the name of the person who actually achieved this, and according to the industry experts that certainly wouldn’t be an average expectation.  The reality is something more like you might earn $20,000 and if you keep digging you’ll work your way up.

Some might call it bravery some might call it intelligence and some might call it pioneering, but if you don’t want to be average you can’t demonstrate average behaviors.  So how do you break out of the statistics of being average or even below average?  You begin by getting the critical element that drives your entire train for success.  That critical element is PROSPECTS.

To get prospects you have to be able to attract prospects that will reach out to you.  Stop acting like an unwanted pest and start earning the position of an invited guest.  And that doesn’t happen when you send out the marketing junk that the underwriters provide for you.  Just who the heck do you think that junk is marketing?  It isn’t marketing you it’s marketing them!

Marketing is much simpler than you think it is.  Here are some things to get you started:

  • Do at least 1 thing each and every day to market yourself to the people you want to work with, and I don’t mean cold calling.
  • Identify one product and/or a specific group of people you want to work with.
  • Never market a product always market something the people you want to work with want to have.
  • Create a powerful message that gets the attention of the people you want to work with, and tell them exactly what you want them to do to respond.
  • Develop a multi-step marketing campaign to educate and add value to the prospects who have reached out to you moving them closer to an appointment each step.
  • Develop a marketing plan that will consistently and predictably produce qualified leads entering your sales funnel, and consistently work your plan.
  • Convert appointments into clients.

If you don’t know how to do these things now make it your mission starting today to learn.  You will spend far less time with far greater results when you can market yourself than  you’ll ever obtain approaching prospecting the way you’re told to do it.

Not a Sales Genie?

No Top Producer is an island. What do I mean by that? I mean those at the very top of their field don’t get there by only listening to and doing the same things as others in their industry, the competition.

In fact, isolating or insulating yourself in your industry is a fatal flaw that average producers hold. If you want to stand out, be a “sales genie” you’re going to have to do things, think things, have different experiences, and rely on different resources than everyone else who does what you do. This is true if you’re an attorney, accountant, dentist, insurance agents, financial advisor, message therapists, whatever.

One of the quickest ways to rocket your success is to focus on an under-served market. But you wont’ even realize the market exists if all you do is the same things everyone else is doing. And even if you do know about it you won’t know how to communicate with that market so they’ll reach out to you, because there won’t be someone else in your industry you can copy.

Copying anyone else in your industry is exactly what you don’t want to do. Adapting ideas from other industries may be exactly what you do want to do. And the great thing about adaptation is you already know the idea works and only need to make it work for you too.

Whatever industry you think you’re in you’re really in the industry of marketing yourself. When you can’t market yourself you can’t develop a thriving business filled with the exact kind of clients you want. There’s a whole new world out there just waiting for you to learn how to market yourself so they can find you.

The problem is that until you open yourself up you’ll never be able to find that world and tell your story. You will stop chasing business and have business seeking you out when you do know how to reach out to that world. But this won’t happen until you expose yourself to the opportunities that will help you to make it happen. Search for ideas in the news and success stories of businesses outside your industry, read information that will help you to develop the skills you need to turn those ideas into cash like the monthly reports members of my 5 Star Achieving Excellence Group coaching program have access to, become part of a coaching group, and most importantly commit to taking action to make things different for you.

Discover how to get where you want to be in less time by visiting:
5 Star Achieving Excellence Group

Insurance Professional Prospecting: It’s Your Decisions

According to General Schwarzkopf a bad decision or wrong decision is better than no decision because if the decision leads to action, it is easier to correct the course of someone in motion than it is to get someone into motion from inertia.  The wise General’s words apply to you as well as anyone else.  The entire time you’re waffling between decisions you’re not producing the desired result which is getting qualified prospects to talk to you.

Think about it.  Choose any goal you’ve ever set for yourself and then achieved.  Were you able to set the goal and then take the actions you laid out for yourself exactly the way you thought you would?  I highly doubt it.

Didn’t you start out in one direction come to a bump or road block, and then had to redirect or refocus yourself?  Of course you did, the important thing is to start taking action and then to continue to take action adjusting your actions as you learn along the way.  And that’s where many of you get stuck.

You don’t take action because you want everything to be perfect before you start.  Large corporations make these same mistakes too.  The difference is they have the financial wherewithal to overcome their delayed actions where you don’t.  You have to get prospects and you have to get prospects now.

So the most important thing for you to do is to commit right here right now to taking at least one action each and every single business day to do something that will attract business.  It doesn’t have to be perfect.  Perfection is the least of your worries.  Just do something!

When you do something to attract business each and every day you can track, measure and improve.  When you can’t make a decision and don’t do anything you don’t have anything to track, measure and improve; and you aren’t getting prospects or business.  Make a decision, do something, track the response rate for what you do, measure your results, and then make incremental improvements until you can’t get it to work any better than it is now.

Go gettem!!!

What Makes a Top Producer a Sales Genie?

There are a number of things that can make you a Top Producer.  Those things vary from person to person, but there is one thing that is true of every Top Producer.  Top Producers are ready, willing, and able to take massive action to produce desired results.

Why are you reluctant to take action? 

  • You have a poor self-image.
  • You lack confidence.
  • You can’t see yourself doing it.
  • You’re waiting for the right time.
  • You procrastinate.
  • “insert your excuse here”

The above list demonstrates the futility of inaction.   Most people fear making a mistake or doing the wrong thing.  But those mistakes are far more valuable than doing nothing.  You aren’t learning anything that will help you to become a Top Producer doing nothing.

You won’t become a Top Producer from ideas only actions.  Sales success can only be had from acting on an idea not thinking about it.  Align your actions with your objectives, and you’ll be on the right track.

Take your strengths and choose actions based on those things you already do well.  You have the potential to do the things you do well even better.  When you do the things you do well even better you’ll find it’s easier to take the actions you need to take, and you enjoy greater success from those actions.  So, if you’re struggling with inaction now commit to taking action and notice the impact it has on your results.