3 Point Summer Sales Tune Up!2

By Tibor Shantotibor.shanto@sellbetter.ca

As part of my monthly column for The Globe and Mail Report on Small Business, this month I outlined three things sellers can do to ensure that not only does summer not need to be slow or a down time, but in fact there are specific things you can do to win business, and set yourself up for the rest of the sales year.

Boost your summer sales with these three tips

This is not an exhaustive list, but it is a start, take a look, comment, let me know what you think.

What’s in Your Pipeline?
Tibor Shanto

What Makes You Different?2

by Tibor Shanto – tibor.shanto@sellbetter.ca

crowds

People always want to present themselves as being unique or different, even as they are lined up overnight for the latest iGadget, all adorned in the latest gadget-ware from Fashion Star.  So I am rarely surprised when sales people tell they or their products are different.

I recall meeting with a VP of sales from a software company, the latest killer app, and while he agreed to take the appointment knowing what I do, it seemed his objective was to validate how their product and sale were different than anything I had seen to date.  If I had $10 for every time he said “Tibor, you have to understand we are different, our product is different, and our sale (process) is different”. While I am not qualified to comment on the nature of the software, I had to ask about the sale of their software.

Me: Am I right in thinking that all your reps are all delivering quota?

VP: No, we have a couple that are, some just below, about half haven’t hit goal for the last couple years.

Me: So let me see if I understand Harvey, your people don’t have to prospect, leads and prospect are abundant, normally potential buyers are lined up around the block; it’s just because you knew I was coming this morning that you cleared the sidewalk for me?

VP: No, no, no, we need to prospect like mad, we are always looking for ways to get enough of the right prospects in the funnel, we get a web leads, but they need to prospect more.

Me: But once they get in front of the right prospect, getting the buyers to buy into your value prop, and getting to proposal is just a formality, right?

VP: No, we have to do a lot of information gathering, understand their needs, and explain what we do just to get them to actually appreciate what we can do for them.  It’s a grind and a struggle for some of the AE’s.

Me: but once they articulate the value prop, and the buyer gets it, it just goes straight to signature and close.

VP: No, there is a lot of haggling, back and forth, we lose too many sales at this point.

Me: So Harvey, I may be slow, but I am not sure I see the difference.

Do you?  The one area where Harvey failed to differentiate is in the way they sell.  Like other mere mortals, they have to prospect, engage, execute a discovery to find common ground and gain commitment?

The difference is rarely in the product, the difference is in the way you sell.  If leading products have an overlap of some 80% or more in features, capabilities and output, the only way left to differentiate is in the way you sell and interact with your buyers.  If you are no different in that perspective, than there will be little difference in results moving forward.

What’s in Your Pipeline?
Tibor Shanto

Aligning Time Horizons (#video)0

By Tibor Shantotibor.shanto@sellbetter.ca

TV Head

Time is pivotal to sales success, on the plus side, it can help you better engage with potential buyers, and on the down side it can create distance and barriers between you and the buyer.  One specific is the degree in which you are aligned with the buyer’s horizon.  All too often we get ahead of the buyer, or fall way behind, either can slow down or cost you a sale.

Take a look at what I mean, then download our E-Booklet – Sales Happen In Time:

Alignining Time horizons

What’s in Your Pipeline?
Tibor Shanto

 

The 30 Hour Work Week3

by Tibor Shanto – tibor.shanto@sellbetter.ca

Clocks head

No this is not an alternate to Timothy Ferriss’ The 4-Hour Workweek, a good read I would recommend, many applicable ideas for B2B sales pros; but this piece is about helping sales people deal with and conquer one of our biggest challenges.

One of the biggest reasons (excuses) I hear, and hear very often from sales people as to why they don’t have enough (any) prospects in their pipeline, is that they just don’t have the time to prospect. They tell me that by the time “I finish all the things I have to do, I just don’t have the time.”

In the past I have talked about the shortcomings of time management, preferring instead to focus on time allocation to the right activities. But still many people find it difficult to do “all” the things they have to before the clock runs out. This is interesting in that what they often end up doing is nowhere near as important as prospecting, after all, what can be more important than finding and engaging with future revenue streams? Based on work with sales teams, here is a way you can do all the important things you have to do in the course of a week including prospecting.

Let’s say you have a 40 hour work week, if you really are in B2B selling you know this is a hypothetical, but let’s go with it. Sales time is like a gas, it fills the space available, put no matter if it the canister is five litres or ten. I have seen sales people get as little done in 45 hours as in 40, whether their deadline is close or far, they always come right up against it. It is not simply procrastination, it is a question of habit; and sales people are not alone in this, people work to deadline, a rare few don’t.

Add to that the element that they don’t always commit their valuable time to the right activities, and these will differ based on what you sell, but you don’t have to watch sales people lone to see that some of the things we do are busy work and not revenue related work. It may make us feel good, you know like taking a customer service call, gabbing with that caller for 20 minutes, rather than passing them to the right person right away. Of course you then have to follow up to see how things ended, and after a 90 minute investment, you have little to show for it other than feeling good. Given that the average sales year is about 1,760 hours, do just that one thing once a week, and you’ve wasted 75 hours or almost 5% of your face time, or 5% of you quota.

Here is where the 30 hour work week comes in, rather than fighting to set aside a mere few hours to prospect, turn it around, pretend that your week is only 30 hours. Remember you will fill the time you have, so if you have 30 hours, you’ll do all the things you are doing now in 40, and then have 10 hours for prospecting, and maybe the football pool. Do this for a week or four, and it will become habit, and the next thing you know you’ll have more prospects, more money, and more time to run, more time with the kids, and money to boot.

Think of it as a gastric band for sales. Hey, it’s good enough for Christie.

Now available through Renbor – The Pipeline Lap-Band.

Don’t Forget – Contest Closes Today!

What’s in Your Pipeline?
Tibor Shanto

 

3 More Tips For Effective Telephone Prospecting1

by Tibor Shanto – tibor.shanto@sellbetter.ca

Phone guy

On Monday I wrote about the need to counterbalance for some of the realities of telephone prospecting, and some things sellers can do to compensate.  Today I offer up some other basic things you can do, to improve your success in some simple ways.

Some of these things may seem mundane and basic, but that doesn’t lessen their importance in consistent results from telephone prospecting.  As in sports, music or other crafts, focusing on the most basic aspects is as important as mastering the big things, your messaging, value props, etc.  The balance and combination of the two, augmented by your style and personality are what make for your success.

We spoke about intonation on Monday, we the most basic thing you can do is smile when you are on the phone.  Smile even when you feel like reaching through the line and strangling the person at the other end.  The tone and tenor of your voice is different when you smile, but it does carry over the phone and impacts your listener. We all remember the old song “When you’re smiling – the whole world smiles with you”, is true!  Smiling is something you can practice, sounds odd, but in the heat of the moment, when your emotions kick in, you will forget unless you practice it as part of your routine.

Speaking of practice, yes, you should practice – out loud, and more than once.  Sales people often look at me funny when I suggest they lock themselves in a boardroom or meeting room and practice their approach, be that a prospecting call, an actual sales meeting, anything important.  By practicing, you become not only more confident, but master the salient points much better.  In fact in addition to practicing, I recommend you write down the key points you want to cover, when you write things down you retain them better, just like in collage.  By the way, this does not imply that you are memorizing the “presentation”, I don’t like presentations, but you can apply this to questions you want to ask around key points you need to explore to get the client engaged and in a buying mode.  By practicing and mastering what you want to cover you minimize the need to think (or worry) about what you are going to say, when and how you’ll say it, freeing up valuable bandwidth to focus on what the buyer is say, and processing power to deal with that properly.

For prospecting calls, it is important to practice how you will respond to and manage objections potential buyers have.  It is one thing to download our Objection Handling Handbook, it is another to spend some quality time with it in a room alone and practicing the methods and concepts, much like practicing a playbook in sports.  It may unfold differently on the field, but the practice allows you to react from a base of knowledge.  If the meeting is large, important, or to a committee, spend time visualising the meeting, exploring potential paths it may take, questions, comments or objections participants may pose.  You’ll find that you’ll be much more prepared for the expected and the unexpected.  The same works for a prospecting call.

Finally, and it may seem small, stand up when you make calls, get a headset so you can use your hands to express yourself the way you would in a direct conversation.  With Bluetooth headsets, you now have the freedom to walk around, feel and be relaxed, and that too carries over the phone and adds to your intonation.  Add a mirror to the equation and you can really affect the way you speak, and how they hear you at the other end.  Some say this sounds bizarre, but to bring it full circle, I remember taking a telephone skills program from Bell back in the 80’s, and when we finished the course, we were given an 8 x 6 mirror, and in Bell blue at the bottom it said “Smile”.  Worked then, and still works now, as long as you commit and execute.

 

Don’t Forget To Enter The Big Contest!!
See Biz Stone, Seth Godin and others

 

What’s in Your Pipeline?
Tibor Shanto

Effective Telephone Prospecting Tips – Sales eXchange 2023

by Tibor Shanto – tibor.shanto@sellbetter.ca

Child Phone

If you are a sales person who does not use the phone to proactively prospect for potential clients, you may not find this post of interest, on the other hand you may find something to spark you to take up the habit.

As with many things in sales, to successfully engage and move through the process, you need to do some things that are counter intuitive, don’t conform to how you may act or behave in regular circumstances.  But if you’re in sales, you know that selling is not a normal circumstance.

While the numbers vary, there seems to be consensus that communication is:

  • 60% Body language
  • 30% Intonation
  • 10% The words you use

The challenge for those using the phone is that there is no room for body language, (well almost), and with that 60% of their ability to be fully effective is negated.  Unless you compensate for that in some way, you are relying more on luck than anything else.

Most sales people do not take this into account, and in fact approach their prospecting calls as though they were in a face to face meeting, a fatal mistake.

All good selling involves a bit of drama or theater, the telephone as a medium, also lends itself to a bit of theater, when prospecting by phone you need to combine both.  You need to accentuate certain things to make up for the lack of visual.  The logical thing is to put greater focus on the second element, intonation.  Rather than speaking in your normal tone, using words you would use sitting across the desk from someone, you have to make things bigger, be more assertive, descriptive and direct.

Think of the old radio programs, and how they ballooned things for effect, and so must you, especially given that your buyer is getting calls from dozens of other sellers, and that if you are an unscheduled call, their focus and attention is elsewhere, unlike when they have committed the time to at least listen to you in the context of an appointment.  Introduce a bit of drama and effect, use more descriptive words, and accentuate them.  Rather than simply saying we do this or that, say “we have a proven track record of success in delivering double digit growth.”  Get rid of socially expected norms of being polite, rather than saying “I was wondering if we could meet” or “I was hoping…”; say it direct and with conviction.

People have a tendency to rush the prospecting call, which makes it easy for a prospect to go with the flow and the call faster.   Leave greater pauses between words, let the meaning land before moving on, slow down, make you voice deeper.  Ask questions, make them engage, rather than just listen and object.  This is why having a script helps.  Not so much because you will recite the words by heart, but it allows you set the momentum and rhythm that will engage the listener on the other end (assuming the right content and message).

Remember that the lack of body language cuts both ways, while they can’t see you, you can’t see their reaction either, so you have to sharpen you other senses.  My first sales job was telesales, the first things I was taught was that I had to listen for things other than words.  Focus on the breathing, the space between words and sentences, and all the other things that make up for the lack of body language.  In the end, there is more than one element that will help you “give good call”, but if you do not make up for some of the big things, the small things will matter less.

Don’t Forget To Enter The Big Contest!!
See Biz Stone, Seth Godin and others

What’s in Your Pipeline?
Tibor Shanto

Stop making sales predictions and start executing0

by Tibor Shanto – tibor.shanto@sellbetter.ca

As some of you may be aware, I have a monthly column on the Globe and Mail’s, usually the third Tuesday of each month.  These pieces are unique from what I usually post here on The Pipeline.  I will post links to these posts as I think they will be of interest to regular readers of this blog.  As always, I invite you to share and comment on the articles on the Globe and Mail site, here, or both.

Enjoy:           Stop making sales predictions and start executing

What’s in Your Pipeline?
Tibor Shanto

Why Are You In Sales? – Sales eXchange 20020

By Tibor Shantotibor.shanto@sellbetter.ca

200A

At the end of this post I will ask you a specific question that I would love you to answer, and I thank you here in advance.

Two things happened this past week or 10 days that led to this week’s Sales eXchange  being a bit different than the usual, and isn’t that what we always strive to be in sales.  First is the fact that this is the 200th Sales eXchange post, and while I had given it much thought, someone asked if I will be marking the fact in any way.  The person that asked me was a young person at an event I participated in recently. The event was organized to present young people with different options for their life after school.

One of the questions going into the event was “What do you want to be?”  Some had very clear ideas, knowing exactly where they want to go.  One young lady was determined to become a speech pathologist due to a friend she had in grade school.   She structured her high school curriculum to set her up for a path of success in post-secondary school, and to her dream career.  Others stated a number of different career plans, some very specific, marketing, finance, construction, software design, and more.  Others were a bit more general, the young man who asked about the 200th post simply stated business.  As an aside, it seems he had been spying my blog (and others) to glean ideas for his high school business class, at least someone is getting value at an early age. But in the end no one said they wanted to go into sales, not one.

Consider that according to the United States Department of Labor, there just under 14 million people employed in sales as of May 2012 in the USA.  The same department pegs the number of lawyers at under 1 million, and software developers (systems and applications) also under 1 million.  Yet fewer than a handful of institutions offer a degree in selling or sales.

There were a number of kids who talked about becoming lawyers, software developers, doctors, even golf pros, but not one said sales.  Which begs the question that if no one sets out to become a sales professional, where the hell did we all come from?  Are we progressing as a profession, or just a modern day version of post war refugee camps full of people making due while they find their next destination?  Are we a repository of other professions outcasts, with the occasional diamond in the rough?  After all, almost 50% of sellers do not make quota, this would not be tolerated in any other department.

So here is my ask – take a minute and think about where you are in sales as a career, how you got here, how you’re doing.  Then take a minute and in the comment box below, tell me:

Why Are You In Sales?

Tibor Shanto

 

It Is Personal0

By Tibor Shantotibor.shanto@sellbetter.ca

The Happiness of Pursuit

One questionable piece of advice sellers are given is not to take “things personally”. While I understand the sentiment behind it, encouraging sellers to not go down a dark hole, there is something wrong with telling professional sales people, in fact professionals of any type, not to take it personally. The reality is that part of successful selling is conviction, not just in your ability to add value to the buyer, but and in how you sell. It is hard to have that and not be passionate about selling, and as soon as passion is involved, it also becomes personal.

Certainly there are parts of the sales cycle that you can remove yourself somewhat from the emotions of the sale, usually during the prospecting stage, especially if you are a proactive rather than a passive prospector. When you first reach out to a potential buyer they don’t know you from Adam, and the goal is to get them engaged. Initial rejections are more situational than directed; meaning that they are not rejecting you as an individual, but what you represent, an interruption. But as you get engaged and are working through the sale, you get more emotionally involved, things do become a lot more personal.

It is that emotional involvement that often allows you to go deep with a buyer. Passion and enthusiasm are contagious, and it’s something you want your buyers to catch. After all, we are constantly reminded that people buy on emotion, then rationalize their decision, so it only helps if you are going to connect with the buyer on that level as well.

A more workable and realistic goal is to understand that you do need to get involved on a number of levels, that it does get personal, and that you need to be able to deal with and manage the outcomes whether they go your way or not. The ability to step back, assess the circumstance, and move on to the next sale. No different than the expectation and practice in professional sport.

By assessing the outcome you achieve a number of positives that help with the personal aspect. First you can evaluate how well you did execute you plan and process and understand why perhaps you lost the deal. I say perhaps, because there isn’t always a clear answer all nicely wrapped, if the result of the assessment is ambiguous, you will still have to deal with the outcome and move on.

But if the analysis of the deal and outcome are not ambiguous, then you are in a great position to learn, both what you want to repeat and to accentuate moving forward, and what to avoid and improve. While this may not take away the sting of a lost deal, it does help you benefit in some way, cope, and have a reason to give it another go with your new insight.

It is very much the emotion we bring at sellers that helps us win deals where most all other things are equal. It is precisely then that you need to go deep, and leave yourself open to disappointment, and yes it does become personal precisely because of that; and given the opportunity I would advise you to get emotionally involved and deal with the outcome win or lose. After all, they only give you the advice about it not being personal when you lose, it seems they are OK with it being personal when you win.

What’s in Your Pipeline?
Tibor Shanto

Can You Switch Hit For Sales Success?4

By Tibor Shantotibor.shanto@sellbetter.ca

Switch hitter

I remember when I first started working for a company back in the early 1990’s (before we had web mail), the company had two main product lines, and had the usual territories across the continent, primarily driven by geography.   Each territory had two hunters, one for each product, two account development/management (AD) people, again one for each product, and an administrative person, all supported by a central customer care group, as to not overwork the front line folks.  The flow was simple, the hunter was in charge of finding and landing accounts, they would then hand off the account to the AD, who would work on maintaining and growing the account.  No one ever had to move out of their comfort zone, mine was hunting.

As the competition heated up, and costs had to be cut to maintain operating margins, the two teams were collapsed into one that handled both product lines, there was still a clear line between hunting and development of accounts.  While we had to learn a bit about the new product, we were still left in our functional comfort zones.

As in most similar scenarios, the hunter was always in a better position to earn more.  I am not saying that hunters were or are more important than the AD role, the fact was, that there were less qualified hunters than AD types, and this is still so now.

The next round of cuts was a bit more drastic for almost all involved.  Administrative resources were reduced, and more significantly, they collapsed the two roles into one, no more hunters and AD’s, just one person who had to execute both functions.  In some territories the hunter had to learn how to actually manage and develop the accounts they brought on; and the AD’s had to learn to hunt and bring on the accounts they were going to work on growing and retaining.   Since the company had a union to deal with, (yes I know, sales and unions, what a concept, nonetheless), the choice of who stayed and who left was not always made based on abilities and potential.  Many of those who remained were AD types who had to learn how to hunt, in most instances, a much bigger ask than the other way around.  At the same time it turned out that some of the hunter role were in fact “closet account developers”, and gravitated to the AD side of the job, increasing the value of real hunters even more.

To be clear, I am not saying that hunters are naturally better rounded, and are able to easily become good or even adequate AD’s, I was living proof that this was not the case, but hunting was a better cover for AD skill deficiencies; where as you can be a great AD, but if an account leaves for factors beyond your control, and you can’t hunt, you will be in a difficult hole.

As you would expect there were a number of reactions, outcomes and repercussions to the new reality, about 20% – 25% floundered and struggled, and eventually were replaced.  At the other end of the spectrum, about 20% or so, turned out to be natural switch hitters, not losing a stride in the transition, relishing the new found opportunities in the job and the rewards.  They stepped back, reformulated their action plan and then marched forward as if nothing had changed.

A large majority 55% – 60% worked diligently at developing the “other” skill, and over time found the required balance, but as you would expect things were usually skewed towards their original skill set and comfort zone, but they were able to generate both organic growth and new account growth.  No surprise the hunters had just as hard a time, if not harder, in developing their AD skills, than AD’s had in developing enough hunting skills to make sales happen.  What was interesting is that in the end both groups leaned more on improved hunting than improved maintenance skills.

Again this is not to say that being an AD does not require skills, is easy or any other “better/worse” comparison, but does speak to the fact that getting to the right person to have the right conversation with, is still the biggest challenge in sales.  Most sales people I speak to, be they traditional sellers, social sellers, or other, tell me something along the lines of “get me in front of the right prospect, and I will close them”; and they probably will.  But the ability to find and engage with the right person, and then talk about the right things, those things that will lead to real engagement, is a rarer skill, but one that can be learned and with practice, and mastered.  Those that do, are your switch hitters, they can deliver revenue in by succeeding in both cases, prospecting and selling.  The difference between baseball and the revenue game, is you need to do both to succeed, you need to be a switch hitter.

Since then sales teams have continued to contract, sales goals have continued to grow, as has the number of sales people who almost, but don’t always make goal.  These are the group of sellers I call the “80-90 Percenters”; year after year they deliver 80% to 90% of plan, and when you strip back the layers, most often you’ll find that they are great at growing their base, but not as good at finding, engaging with and brining on new clients.  Their new business growth is usually from referrals, or people who are like people who have already bought from them.  Again, nothing wrong with the thinking or reality, just the lack of consistently delivering against plan.

In today’s market there are a number of parallels; a specific one can be found in those industries that are making the transition from selling products, to managed services.  You see this trend in any number of industries, from copiers to managed print service; break fix to managed it services; in transport from loads or lanes to managed freight services; really, in any industry where before you sold “stuff”, “stuff” that is becoming commoditised, to selling a complete service that allows clients to reduce costs while allowing you to grow, both products sold and the services around them, while locking in revenue streams and locking out competitors.

Product sellers need to learn to switch hit and hunt not only in new jungles, but for prey they have not encountered before, a prey that is smarter, more demanding and usually less accessible.  The prey speaks a different language and have entirely different set of objectives and expectations than the people they used to sell “stuff” to, or account they maintained.  Further, the new prey does very much have to be hunted, they are not out there declaring their readiness or willingness to buy, they are the Status Quo, doing their thing deep in the jungle where only hunters go and maintainers and posers avoid.  Selling to the willing will leave them short unless they step up and learn to hunt a bit more, learn to switch hit.

Hunting in this environment requires skills upgrades whether you are coming from an AD background, or have successfully hunted while selling products, “stuff”.  Unless you take the time and make the effort to become a true switch hitter, you are bound to the beige of the “80-90 Percenters”

What’s in Your Pipeline?
Tibor Shanto

 

 

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