Run in the Opposite Direction to Increase Your Sales

One thing I have clearly learned through personal experience is an important lesson that impacts all areas of your life.  The lesson I have learned is this…

Run in the Opposite Direction of the Herd

 

When you need help rather than screaming “help”.  Police will tell you to yell, “Fire!”

 

In a fire Firemen tell you never to run to the main exit because that’s where everyone else runs.

 

I have to chuckle when I see all these commercials on TV telling you to buy gold.  They are advertising because they want to SELL you gold.  Gold is at an all time high making now the time to sell not buy.

 

As it gets tougher and tougher to gain new clients most people think of what they can cut back on when you should be thinking about what you should be spending more on.  Now is the time to adapt then ramp up your marketing not cut back on your marketing.  There will be fewer competing messages in your ideal clients mail box now making your message more likely to get read.

 

The same is true when it comes to investing in yourself.  Now is the time to gain new skills, improve the skills you have, and adapt the way you get clients to better fit their needs.

 

I found a perfect example of this while on vacation.  Everyone is hemming and hawing about whether the real estate market has hit bottom.  Everyone wants to buy at the bottom.  Yet, that almost never happens.

 

Now is the perfect time to buy investment real estate.  In fact, I discovered a fantastic investment opportunity on the West coast of Florida.  In reality, you want to buy when real estate is on the way up not down.  Plus if you want to play in real estate right now you need two things most people do NOT have patience and…

 

CASH

 

it takes cash to increase salesWhile everyone else was leveraging themselves up to their eyeballs you should have been squirreling away a hefty nest egg.  It’s never too late to get started on that nest egg.  However, your first priority should be investing in things that make money now so you have more money to set aside now and forever moving forward.

 

Another thing I know for certain.  If you insist on doing what everyone else does you lose.  You have a lot riding on your business.  Does it make sense to risk everything because you insist on following the herd rather than stepping out and taking the lead?

 

There is nothing stopping you from becoming the top dog, the pack leader that everyone else wants to follow.

 

Coach Cheryl

 

 

 

Creative Commons License photo credit: kevindooley

You are Surrounded by Opportunities to Sell Your Services

Most people trying to sell are afflicted with a terrible disease.  The disease is tunnel vision.  It’s a particularly harmful disease because it keeps you from seeing the opportunities that are around you.

tunnel vision prevents sales opportunitiesPeople are creatures of habit by nature.  We like routine ways of doing things, so when we find something that works for us we tend to do the same things over and over and over.  In fact, we continue doing things well past when they no longer work just because we are so comfortable doing them.

Because we like routines and habits we are uncomfortable when we go outside of our routines and habits.  So uncomfortable in fact, we often miss important information and clues.  We miss these clues because our focus is on getting ourselves back to a so-called “normal” routine.

Vacations are a time when we voluntarily step outside of our routines and habits and expect something different.  Here’s what I want you to realize.  Your vacation isn’t just a time to refresh and relax…

Vacations are a Time to Recharge

 

When you plan a vacation you intend to have fun.  You intend to do different things in different places with different people.  Could there be a better place to discover what you need to recharge your efforts to sell your services?

 

You just need to focus on the opportunities you can expect anywhere you go.  Opportunities come in the form of…

  • Opportunities to get new clients
  • Opportunities to meet new partners
  • Opportunities to connect with potential clients or partners
  • Opportunities to generate cash

Realistically these opportunities exist every day no matter where you are or what you are doing if you just focus on finding them.  You should perceive every person you meet as an opportunity to gain a client, connect with a partner, or make money now.  There are opportunities in nearly everything you do.

Turn Off Your Autopilot

 

If you’re ever going to take advantage of the opportunities that surround you the first thing you must do is turn off your autopilot.  Start asking yourself these questions…

  1. How could this person or situation open the door to potential clients?
  2. How could I partner with this person or this business and open doors for both of us?
  3. How could I create a connection here that could open the door to a relationship?
  4. How could I take this situation and create cash?

On my recent vacation I came across an opportunity to create cash.  I don’t have to tell you the importance of cash.  Cash creates other opportunities in and of itself.  I’ll tell you more about this opportunity in another post.

In the meantime, start asking yourself where are your opportunities?

Coach Cheryl

Creative Commons License photo credit: Sylvain Raybaud

How Prepared are You to Successfully Sell Your Services?

Camera example of preparing for sales successMy husband was taking a picture from the balcony of our cabin on the cruise we took in the Eastern Caribbean.  As he placed the camera back in it’s bag he announced it was definitely time for a new camera bag.  I had to admit this poor little bag looked pretty ratty.

The camera bag had earned it’s tattered looks.  That bag has been on a number of vacations from Brazil, to the Netherlands, to Tortilla and many other destinations.  Unfortunately, I try to cram everything no one else wants to carry in that poor little camera bag.  As a result the fabric was a little grimy.  The zipper was a little misshapen.  And one of the pockets ripped from too many over-stuffing events.

We happened to come across an outlet mall in Sandestin, Florida.  As we browsed the stores we found a store I thought might have camera bags.  So I grabbed the camera bag with contents from the car and entered the store.

Every Store Clerks Dream… a Prepared Shopper

When the helpful store clerk approached I could not only tell him exactly what I wanted I could also show him.  I wanted another bag about the same size.  Only this time I wanted a leather one.

The store clerk was a little taken aback.  He said most people don’t come so prepared to make a purchase.  Because I was fully prepared it only took a couple minutes to identify a good potential.  Then because I had my existing bag and contents with me I could actually take everything from my old bag and transfer it to the new bag to make sure everything fit.  The bag he showed me fit the bill and my purchase immediately followed.

Setting Yourself up for Success

The store clerks comment struck a chord reminding me of the importance of setting yourself up for success.  How many times have you made a purchase based on what you thought would work from memory only to find out your memory wasn’t nearly as good as you thought it was?  Then you were left with the hassle of returning the item, or you were stuck with something that didn’t work like you thought it would.

Some Common Things that Help

 

Whether you are selling a service or a product there are some common things that will help.  First, until or unless the potential client communicates they have a need you can fulfill there’s no reason to attempt helping them buy.  You can help potential clients by having a clear message that makes it easy to understand what you can do for them.  Once they say they need something then there’s the match up process.

While I was very specific and vocal about what I wanted and the criteria required potential clients aren’t usually that clear about their own needs.  Quit often they are confused and unsure about things.  They need you to help them gain clarity about their specific needs.  When you ask good questions and listen closely you help them pinpoint what they want and the best way they perceive getting that.

The Keys to Your Success… Good Questions & Listening

All the store clerk had to do was give me what I wanted from his existing inventory.  The same is true for you.  When you help potential clients state what they want, how they want it, and then you help them identify how they would choose the best option.  You can then present them with the exact solution they want the exact way they want it.

When you successfully prepare to sell your services price becomes a none issue.  Rarely will a potential client have previous experience with a service provider who listened as well as you did, who understands what they want and need like you do, and who gives them exactly what they asked for like you did.  Why search elsewhere when everything you already want has been perfectly demonstrated right here right now?

Coach Cheryl

Creative Commons License photo credit: Mahesh Khanna

The Hungry Travelers Sales Lesson

My big brother taught me this lesson years ago.  I have three big brothers and I have to confess I’d probably have turned out a sissy if it wasn’t for them.  Trust me, they cut me no slack for any reason.  They were firm believers that daily beatings were essential to my survival.

My big brother Wayne is one of the best story tellers around.  I could listen to his stories for days on end.  I don’t think he has a clue how good he is at story telling.  That’s probably for the best because if his head got any bigger his neck couldn’t carry it;-)  As you can tell those beatings were never merited.

Look for the Full Parking Lot

 

 It was around lunch time as my husband and I were driving north on Florida-1 from Key West.  I spied this nice looking restaurant just off the highway that looked like it had killer views, so we pulled off.  Now we should have gotten our first clue when we drove in the parking lot.  I even commented they must not be open for lunch.  Then I noticed their door was wide open and their wooden butler was there to greet us.

 

We were seated in a great spot.  Oddly enough there were almost no other diners even though it was almost noon.  We ordered our lunch and enjoyed the view as we waited.

 

Now I have to say the view was worth the price of admission.  However, I doubt my dog would have eaten the food.  As both my husband and I picked at out lunches I started laughing and said, “I guess I forgot Wayne’s rule for picking a restaurant”.  My husband got a chuckle out of that.  Oh well, there’s always another meal around the corner, but you don’t find views like that just anywhere.

 

Did I mention my big brother Wayne is 11 years my senior?  Sometimes he got stuck hauling the kid around.  I was always the kid because my siblings ranged from 9 years to 16 years my senior.

 

I first learned this lesson from Wayne as a child.  He got sent on an errand and he had to drag the kid along.  I was probably whining about being hungry or something because he decided to stop and get us lunch.  As we drove around Wayne told me to look for a parking lot with a lot of cars.

 

You see Wayne’s rule for dining was simple.  Find a place to eat with a full parking lot and you know the food will be good.  It didn’t matter what the place looked like, if the locals ate there you could count on something decent to eat.

 

When we got to the Clearwater area we followed Wayne’s rule.  We found a place that looked like your local dive.  It was so packed you had to wait for a parking space.  True to Wayne’s rule the food was among the best we came across.

 But I Don’t have a Parking Lot…

 

As service providers we need to remember that people are looking for the full parking lot.  I don’t mean that literally I mean your potential clients want to know they aren’t your first or only client.  They want to know others trust and respect both you and your work.

 

Many service businesses don’t have or need a physical location.  So how do others find their full parking lot?

 

There are lots of subtle ways you can let others know they aren’t alone.  For example, did you know over 4,000 other service providers and sales professionals are regular readers of this blog?

 

You can also host events where clients and potential clients can have fun and get to know each other.  They don’t even have to be face-to-face.  I’ve held a number of events via phone and the internet where subscribers could engage with me and each other.

 

The full parking lot represents your street cred for a restaurant.  You can earn your street cred other ways when you don’t literally have a parking lot.  For example, I’ve published nearly 700 articles and half a dozen or so books and ebooks.

There are lots of ways you can demonstrate your cred by becoming a good resource for others.

 

Sales Coach Cheryl

Gaining and Retaining Clients is Personal Business

Boarding an airplane creepily makes me think about Nazi Germany.  TSA and the airlines line you up.  They strip you of your personal dignity.  They poke, prod, and scan both you and your belongings.  Then in spite of everything they do to dehumanize and supposedly protect you, you may very well be settling into a death chamber rather than a means of transportation because all this activity actually does almost nothing to protect you.

It makes me angry both with the people who have caused this mass hysteria and the governmental agencies who are supposed to protect us.

In the process of “keeping us safe”.  The airlines have taken their already poor customer service and created an atmosphere completely devoid of customer service.  Each paying passenger is treated like an enemy combatant.  No wonder air travel is down.

With my previous airline experiences in mind you will understand my shock at the contrast in customer service I experienced on my recent cruise.  I almost wonder if every cruise employee is a graduate of the Disney school of customer service.  Each employee I encountered made eye contact, they smiled, and they spoke to me.

Getting Clients is Personal BusinessYes, they spoke to each and every passenger.  They greeted you every time your paths crossed.  They made sure you knew they really wanted to make sure you have the best time ever.  If there was any question you needed answered, something you needed help with, or anything they could do “for you” they did it.

Within a few minutes of boarding the ship I wanted to locate the on-ship internet cafe so I could purchase an internet package to use during the cruise.  However, I couldn’t figure out where it was or how to get there.  I happened to encounter the hotel manager for the ship and he personally walked me to the internet cafe.  Then he introduced me to the staff member there.  Can you believe it?

I was almost speechless.  Yet, this wasn’t some isolated event.  Time and time again I saw cruise employees go out of there way to do things for passengers to make certain there needs were met ASAP.

Most of the other passengers I met on the cruise were NOT first time cruisers.  I met people who were on cruise number 45 cruise… cruise number 60.  I met people who take a cruise 2 and 3 times a year.

Here’s the point.  When it comes to getting clients and keeping those clients the more personal you make their experience the easier and more successful the entire process.  We all want to be treated like human beings.  We all want someone to care about what we need.  Plus finding someone who puts your needs ahead of their own is absolutely refreshing.

I know you do really care about your clients and the people you want to become clients.  Just make certain you don’t allow yourself to get too comfortable with routines and procedures to the point your relationships suffer.  If you have employees make sure they truly demonstrate kindness and respect in EVERY client or potential client encounter.

If you’ve had an especially great example of a business making it personal for you please tell us about it below.

Coach Cheryl

Creative Commons License photo credit: 111 Emergency

Important Sales Lessons Gleaned from My 3 Week Vacation

For the past 3 weeks I’ve been having the time of my life.  While I was off frolicking on the beaches on both coasts of Florida and cruising a few Caribbean Islands my business continued like clock work and my bank account grew.  Just like I planned…

What I hadn’t planned on were the valuable sales lessons I was reminded of along the way.  I’d like to share a few of those lessons with you this month because they are priceless.

When I was a corporate big shot I spent far too much time on air planes.  Consequently, I grew to absolutely hate flying.  Then the terrorists came along and made things even worse.  Finally, the airlines themselves completely forgot the concept of customer service treating their passengers like enemy combatants.  So I will go to great lengths to avoid flying.  In fact, if I never had to get on a plane again it would suit me just fine.

If the Airlines go Bankrupt They Have Themselves to Blame

So rather than flying my husband and I drove and cruised.  The first lesson I want to share with you came about because we drove.  We took interstates to get to Savannah, Georgia from Iowa.  We were going to Savannah simply because I wanted to eat at Paula Dean’s restaurant The Lady and Sons in downtown Savannah.  Then we took the interstate down to Florida.

You can't sell from the interstateAt that point we got off the interstate because you can’t truly experience this great nation from the interstates.  Interstates are specifically designed to get you to your destination quickly.  You get on make as few stops as possible until you get to your destination then you get off.  However, you know almost nothing about the areas or the people in those areas you drive through.

You have to get off the interstate to really experience this great nation.  There is so much beauty, so many wonderful places, and so many great people to meet in this country we forget just how much there is to see right here in the U.S.  Once you get off the interstate you begin to realize everything can change in as little as 80 miles.  The people, the scenery, and the business environment.

We often overlook or forget this when we approach acquiring clients.  We try to gain clients from the interstate, so to speak.  That just doesn’t work.

You try to gain clients from the interstate when you rudely interrupt the person you want to work with, you spew a bunch of information about you all over them, and then you ask them to help you by buying from you right now.  If you are acting like this you are coming off like a spoiled brat that needs their butt warmed.  The person you want to work with is wondering just who the heck you think you are.

It so easy to get locked into this fast moving, gotta get it done now mindset, and completely forget about what it feels like to be the other person.  It’s so easy to forget that no one is going to hire you until they have at least some form of a relationship with you first.  Ideally, you want to make a friend first and then earn a client.

Try This…

I want you to try a little experiment.  I want you to go to a local sit down restaurant you haven’t visited before.  From the moment you enter the restaurant I want you to make eye contact with the hostess and your waiter.  I want you to pay close attention to what they say.  I want you to smile at them and use their name.  I want you to say, “Thank you” when they bring your drink and your meal.  I want you to engage them by asking them something about them or about the area.

I’ve always done this without even thinking.  I didn’t start thinking about it until I began to notice how other people were treating their servers.  If you don’t already treat these people with the same respect and consideration you would treat any important person you’re meeting for the first time you might be a little surprised to find out just how well you get treated.  You might be surprised just how much these people begin to care about your experience.  You become important to them because you’ve demonstrated they are important to you.

Now translate this concept to the people you want to hire you.  What if you placed this much attention on them, what they need, on learning about them from the first moment of contact?  They should feel good about having an experience with you.

They should feel open to the idea of having other experiences with you because you made their first experience so pleasant.  They should feel they are important to you because they are.  They should feel they can talk to you because you’ve demonstrated you really listen to what they say.

This little experiment is so important because it will help you see how important it is to focus on others, to really connect with others, and to actually hear what they say.

Stop trying to cram your services down others throats practicing interstate selling techniques.  Start creating positive experiences, making beneficial connections, opening the door to making new friends.  The clients will follow.  When you change the way you approach earning clients you can make the process of getting a client shorter than it is when you approach getting clients like a typical sales people.

Coach Cheryl

Creative Commons License photo credit: dougtone

Sales Habits Scorecard

Habits are nothing more than actions repeated with little thought.  Habits can be very beneficial when they are the right habits.  I think when most of us think of habits our thoughts automatically focus on bad habits rather than good habits.

It never hurts to give yourself a little check-up to see how your habits are serving you.  Give yourself one point for each of these habits.  Be honest…

  • I get too busy and don’t have time to prospect on a daily basis
  • When I’m talking to a prospect I’m thinking about what I’ll say next
  • I complete my prospect’s thoughts when they seem to have trouble thinking of something
  • I interrupt or talk over my prospect when I have something important to say
  • I do most of the talking
  • I tell my prospect all about my offer in detail
  • When the prospect objects I explain why their objection is not valid
  • I like to mix things up rather than staying focused
  • I work best shooting from the hip rather than from well thought out plans
  • I like to ask lots of general questions when I meet with a prospect

How many points did you earn?  All of the habits listed above are poor sales habits that really hurt your ability to accomplish your goals.  If you gave yourself 8-10 points you need immediate help.  3-7 eliminating these habits would have a dramatic impact on your success.  1-3 overcoming these habits would make things a whole lot smoother.

Now review this list and give yourself 1 point for each of these habits…

  • I pay close attention to both the verbal and non-verbal cues from the prospect and adapt accordingly
  • I consistently prospect every day
  • I try to talk very little and listen very closely
  • When I ask questions I ask with the intent of understanding what they prospect wants and needs
  • My voice projects calm confidence when I speak
  • I only talk about things I already know are important to the prospect because they’ve told me
  • When the prospect is speaking I’m listening to figure out what’s important, what would help, what would be useful
  • I explore objections with the prospect
  • I help the prospect preview outcomes
  • I spend time developing solid plans and then take actions daily to implement those plans

How many points did you earn from this list of habits?  Obviously, this list represents good sales habits.  If you gave yourself 8-10 points you have very good habits and you are doing very well.  3-7 you have a good foundation and a few additional good habits would really help.  1-2 you would benefit tremendously from more good sales habits.

Whether you liked your score or not pick one habit you would either like to have or remove, and make a focused effort to work on that one habit for the next 30 days.  Repeat the action until it becomes automatic because that’s what makes it a habit.

Coach Cheryl

Do it Yourself

Do it with a Little Help

Do it with Guidance

Which is More Important When it Comes to Selling?

In the last post we talked about attitudes.  I pointed out that rather than trying to change your attitudes, which are simply the way you look at things based on your values, you are better served accepting your attitudes and using those attitudes to motivate the actions that produce results.  There is nothing wrong with you, or the way you think.  You are uniquely positioned to fulfill your dreams.

There are four core aspects involved in your ability to sell.  Attitudes is one of those aspects.  The other aspects include: knowledge, skills, and habits.

Knowledge, Attitudes, Skills, Habits

Most people think knowledge is the most important when it comes to sales.  Knowledge involves both knowing your product or service, and knowing what to do to produce the sales results you want.  Far too many people waste precious time and miss tremendous opportunities because they think they have to know every gory detail about their product or service.

You could sell all the products and services you want knowing little more than a bare minimum about the details of your product or service.  This is true because your prospects don’t care what your product or service is.  Your prospects only care about what your product or service does that’s important to them.

“Knowing” what to do to sell couldn’t be simpler.  All you have to do to sell your product or service is:

  • get in front of people interested in what you can do for them
  • set appointments with those people
  • help those people make a good buying decision
  • maintain your relationship
  •  earn referrals

There are literally thousands of books on selling.  You could pick any one and “know” what you need to know to sell, for the most part.  However; there’s a BIG difference between knowing what to do, and knowing “how” to do it.

Skill > Knowledge

That’s why skill is much more important that knowledge.  Skill is knowing how to do what you know you need to do.  Skill is where the disconnect happens.

Most people find it very difficult to read, hear, or watch someone else doing what they know they need to do, and then TRANSLATING that knowledge into their own skill set.  Skill involves:

  • taking a concept and applying that concept specifically to your needs
  • adapting words and actions to fit with your attitudes
  • confidence gained through successful repetition

In sports there are lots of players who know the rules, know how the game is played, and know what they are supposed to do.  Most players never get beyond an average skill level when it comes to implementing their knowledge of the sport.  The very best players develop superior skills not because they have greater knowledge.

The very best players develop superior skills because they work closely with a coach who is able to help them achieve greater skill levels than they ever could on their own.   The coach sees the players blind spots, they help the player build on their strengths and work around their weaknesses.  The coach serves as their rapid translator and skill refiner.  Players who work individually with a coach develop superior skills faster than those who don’t.

Coach Cheryl

Do it Yourself 

Do it with a Little Help

Do it with Guidance

How Are Attitudes Impacting Your Sales Success?

A lot of people get caught up in the idea they need to improve their attitudes or the attitudes of others.  The perceived solution to a poor attitude is motivational training.  How well does that work?

The thing about listening to a motivational speaker or participating in motivational training is it is motivating at the time.  Yet it has almost no long-term impact.  This reality is through no fault of the speaker or trainer.  It’s entirely the result of understanding what attitudes are and are not.

Attitudes are nothing more than your world view or opinion of something.  Your attitude helps explain why you behave the way you behave, yet your attitude is not a strong predictor of future behaviors.  I realize that might sound confusing so please allow me to explain.

Even though you may have a positive attitude about the assumptive close technique your attitude does not predict the likelihood you will demonstrate that behavior in your sales conversations.  While you view the assumptive close favorably that positive attitude does not necessarily mean you will use it.

Here’s the big catch.  Motivational training or speaking tries to help you change your attitude or world view about an action or idea.  However, that’s not likely to happen and here’s why.

From birth to now you have had experiences.  Those experiences repeated over time, and the experiences that had a dramatic impact over you transformed into a set of values.  Those values are basically the standards you choose to live by because of your previous experiences and beliefs.

What you value transforms into a set of attitudes that create your personal views.  You behave the way you do to fulfill your attitudes.  An adult is highly unlikely to change their attitudes no matter what because those attitudes are based on what you value.  True changes in attitude only come about because of major events that completely change your beliefs and values.

So rather than trying to change your attitudes you need to realize your attitudes are the drivers that make you who you are.  There is nothing wrong with your attitude.  You simply need to use your attitudes in a way that best serves you.

There are 6 attitudes that cause you to behave in certain ways because those behaviors demonstrate your values.  You are driven to fulfill your top 2 attitudes.  These top 2 attitudes are the most important to you and for you.  According to Eduard Spranger the 6 attitudes include:

  • Utilitarian – you value usefulness and return on your investments
  • Theoretical – you value knowledge and truth
  • Social – you value others and serving others
  • Individual – you value position and power
  • Traditional – you value systems, order, tradition, and unity
  • Aesthetic – you value beauty, harmony, balance, and feeling

72% of all people who succeed in sales have a strong utilitarian attitude.  You value money and are driven to take actions that produce it.  However, any attitude can succeed in sales.  It’s just a matter of structuring the way you implement sales so you feed your values and attitudes to produce those sales results.

Coach Cheryl

Do it Yourself

Do it with a Little Help

Do it with Guidance

How Important is Closing the Sale?

If you listen to most sales trainers, Sales Managers, and countless authors of sales books… you would think closing is the most important skill in sales.  Yet, scientific proof demonstrates typical sales closing techniques are ineffective and down right damaging to your sales success.  Here’s why.

The closing techniques taught by those sales trainers and authors are very effective at shortening the sales cycle and increasing sales when AND ONLY when you are selling relatively low cost products.  When you try those same techniques to sell an expensive product or service you FAIL.  You fail because those closing techniques pressure the prospect to buy.  Prospects will NOT be PRESSURED into making a buying decision when there is a lot on the line.  In fact, once you attempt to pressure the prospect to close the sale you dramatically increase the odds you walk away without a sale today and with no hope for a sale in the future.

All because you crossed the line and destroyed your opportunity to open a relationship with the other person.

Here’s where the confusion really reigns.  Most people think closing is about pressuring the prospect into making a commitment to purchase.  WRONG sales breath.  That is not what closing is about.

Closing is Obtaining a Commitment from the Prospect to take an Action

 

Please reread that definition.  Okay, now that you’ve read that again I want to make certain you understand why this is the definition you want to live by.  Low cost products are sold in a single encounter.

 

You don’t go to the store to buy batteries and walk away telling the store clerk you have to think it over.  No; you go to the store find the right battery, take those batteries to the register for checkout, pay the clerk, and leave.  End of story.

 

High ticket product and service sales almost always involve a multi-step process.  The idea you would meet and ask for the sale on the first appointment is almost ludicrous.  It might happen on rare occasions but you certainly don’t expect that as standard practice.  And if you try to shorten the sales cycle by pushing to close the purchase then you also shorten the time it takes to get to “no sale” because you are forcing the issue and offending the prospect.

 

When you move into big sales you can usually anticipate the sales process will go through 4 phases.  In the first phase you introduce your solution and open the conversation.  In phase two you determine relevance and specific needs.  In phase three you demonstrate your ability to produce your solution.  In the final phase you obtain a commitment.

 

Another thing you will notice about the definition for closing that I’ve used here is that it isn’t specific to the sale.  Due to the very fact that large sales often involve more than one meeting you need a way to successfully conclude every interaction.  Each interaction should CLOSE by concluding with a plan for the prospect to commit to an action.  Both you and the prospect must have a clear understanding of what happens next at the end of every interaction.

 

The way you successfully close an interaction is by setting the right objectives for action.  Simply gaining agreement for a future meeting isn’t enough.  There are 4 ways a sales conversation is likely to close.

  1. Money in the bank – you gain a client and earn the sale
  2. Next steps -  the prospect agrees to take an action that moves them closer to a purchase decision
  3. No commitment – you didn’t get the sale and the prospect did not agree to an action that moves the sale forward
  4. No sale – you will not be doing business together

Money in the bank and next steps are successful objectives for closing the interaction.  No sale is also a success because you know you need to move on and find another prospect.  No commitment is an absolute failure because you are either allowing the prospect to string you along, or you are prolonging a sale that should have concluded already.

When You Hear…

 

 ”I need to think about it”

“Why don’t you stop back next month”

“I’ll call you when we need to take things further”

These are all examples of no commitment.  You can’t allow a conversation to conclude this way.  These statements are big clues that should tell you that you did not do your job.  A prospect will not make a commitment to act unless you:

  • help them identify an immediate need for what you offer
  • answer their questions and concerns
  • review how they benefit
  • recommend a next step

Obviously, you can’t recommend a good next step if you don’t have a clear understanding of what your best next step options are.  If you haven’t already, list the actions a prospect must take to do business with you.  Never forget each action they take should improve your relationship not harm it.

Coach Cheryl

Do it Yourself

Do it with a Little Help

Do it with Guidance