Return On Objectives #Webinar0

Return On Objectives - Harnessing Objectives to Drive Better Sales Conversations

Learn how to change the sales conversation and who should be having that conversation with!

Presented by  

Join me on March 19, at 3:00 pm Eastern.  

Objective Based Selling looks at how to align the conversation with the buyer’s objectives, and leveraging those objectives to create a better conversation that drives mutual opportunities and success. With changes in the buying and selling dynamic, B2B buyers who are ready to buy are much better informed and more empowered than ever, and unless sellers are that much better prepared they risk being reduced to glorified order takers. Buyers who are not in the market, the so called Status Quo, are more time deprived than ever and are much less susceptible to traditional sales approaches and conversations. Impervious to pains, needs or solutions, a large segment of your market is better able to cocoon themselves from traditional sellers and sales conversations.

The presentation will cover how to take advantage of current realities and present specific ways sellers can successfully approach and engage prospects, but create selling opportunities where others may not see any, and in the process build credibility, expert status, and loyalty with existing and new buyers. Objective based selling is a process based, value driven four plank platform for success in selling to Status Quo buyers, the most overlooked segment of the market:

  • Breaking down “Value” to core components and why people buy
  • Leveraging past experiences – Won, Lost and No Decision deals – 360 Degree Deal View
  • Building a better question
  • Proactive exploration

D & R

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3 Ways to Minimize or Marginalize Objections – Sales eXecution 2402

By Tibor Shanto - tibor.shanto@sellbetter.ca

bad phone day

If you read this blog regularly, you know that I have pointed out that salespeople and sales organizations spend too much time and energy trying to avoid objections, when they should be spending time on learning to deal with them, redirect and leverage them to move the sale forward. Here are three things you can do at the outset of the call that will make objections more manageable.

1.  Framing The Conversation – How you frame a question will have a direct impact on the type of response you get. At times it is simple semantics, other time it is where you can get the recipient of a call to focus. When you ask me about a specific, I will answer that specific. This is where many get in trouble, often led astray by pundits who’ve told them to focus on pain, needs or solutions. If you ask me about a need I do not have or perceive at the time, you are inviting me say no, even when I could use your product had you asked me differently.

Ask me about specific objectives someone in my role and type of company have, and it would lead to conversation. Your product could in fact move me towards achieving the objective, even when my perception of needs are different. There are things all business people want to achieve in areas where they are not feeling pain.

While I may still object, it will be in context of something I am interested in discussing, not in context of a pain or need I do not have, or at best not acknowledge.

2.  Take It Away In The Introduction – I was working with a group of salespeople with a well know international band, they were targeting small local companies. A big sticking point was when the prospects said “oh we’re too small”. Conversations always went sideways, having to defend misconception around cost, complexity, and more. So I had them include the following in their introduction “I am the small company specialist”. This did not eliminate the usual objections, but it marginalized a big hurdle, and allowed the conversation to move past it easily, and allow it to unfold in more familiar ground.

3.  Lead With Positive Measurable – In point number one above, I asked you to align your talk track with their objectives, not perceived pains. If for whatever reason you are not sure what those may be, there is a plan B. Highlight, clearly and strongly, a specific and measurable outcome, making that the focus of your talk track, not a product or “solution”. “I have helped (provide example) increase margins by 6%, – or – increase turnover by 8%”, etc. No guarantee that you will get engagement, but it will focus the conversation on positives, and limit the objections you will face.

Again, objections while prospecting are inevitable, no matter what some pundits will peddle, but you have the power to set things up in a way that allow you to manage and move past them to a real sales conversation.

What to be better at handling objection, download our Objection Handling Handbook.

What’s in Your Pipeline?
Tibor Shanto 

Please, New Is So Old Now – Sales eXchange 2361

By Tibor Shanto - tibor.shanto@sellbetter.ca

Future

I got a note from one of the pundits in my inbox telling me things I should do for sales success in the New Year. You may expect these type of things mid-way through December till maybe January 10th, but after that it is just an indicator that they don’t really understand B2B sales at all, and the customers they get as a result, they deserve.

As a sales person your really do need to live in the future, and fulfill in the present. You need to live in the future for two simple (probably more) reasons. First, if you are going to deliver real and lasting value to your customers you need to leave “ahead of them. If you are going to deliver to and drive their objectives, you have to be where those objectives will unfold, and that is almost always in the future. Especially with business leaders, be they leading small or large global companies. If you speak to these folks and you should, (as well as speaking to everyone else in the organization, it is not one über the others), you will notice that their horizon is in the future, based on who they are it could be six, twelve, eighteen months or more in the future. The have delegated the present to others in their organization, in the case of small business, they have relegated it to a different part of their thinking.

So if you are going to align and sell to them today, you need to be thinking and talking to things they thinking about, which means they have been in 2014 for some time, cranking up you preparation now, like the pundit suggest, nay, scream to the buyer, “This guy is no for you”, as my fellow Tull freaks will say he is “Living In The Past”. If you are going to step in to the roll of thought leader for these buyers, you need to recognize that you need to lead from the front.

The other reason you need to live in the future, is driven by the realities of calendars, fiscal years, invoicing and the payable cycles of your buyer. Let’s say you have a three month sales cycle (handshake to close), and you get paid when the first invoice is paid, 30 days is acceptable period for an invoice to be paid, you are going to need four months of run way for a deal to count towards your number this year. Which means anything you start after September 2, will be next year’s number. If it counts and you get paid, when the contract is signed, then that date moves to October 2nd. So if you were going to look at doing things a new way for 2014, you will have need to start that process last September or October, not January 26.

This is not to say that you should not always be adding new elements to your selling, just look at that as an ongoing part of your personal development, not an event tied to the New Year. Yes, I know the pundit needs to sell too, but you don’t have to buy if it will not help you now, or in the “now future”.

I am going to keep this mail as I am certain it is the exact same one she sent last January, with dates changed. I am not sure if I remember because it irritated me last year, or the fact that they used a stock photo used by a million other sites.

What’s in Your Pipeline?
Tibor Shanto

Your Own Sales Kick-Off with Dan Pink and Matt Dixon – Toronto – January 28th0

By Tibor Shanto - tibor.shanto@sellbetter.ca

Yes Small

While experiences vary, there is no denying that sales kick-offs can be effective on a number of levels.  Beyond creating focus and setting the theme for the year, it was at times an opportunity to take in a speaker who brings a unique, or perhaps new view on sales and sales success. But the reality is that not everyone has an opportunity to participate in such an event. Whether it is because your company is too small, or other reasons.

But if you are in Toronto on January 28, you can attend The Art Of Sales Conference, and not only have your own Sales Kick-Off, but take in six great speakers to help set your year off to a great start.

I had the opportunity to speak to two of the presenters just before the holidays, Dan Pink and Matt Dixon. I asked both how things have evolved since they each respectively wrote their books. More to the point what you can expect if you attend the event.

I started by asking Matt Dixon, what can people who have read “The Challenger Sale”, expect at the event. “While I will be reviewing the findings and implication of The Challenger Sale, expanding on some areas we have seen in practice. Those who have read it can expect to learn more about how people have implemented the concepts in the book. Their successes, challenges, and discoveries they made about themselves and their teams as a result.” Dixon went on to say “one thing that reinforces what we found and shared in the book is that it takes time and work to put things into practice, there is no silver bullet in sales”. I couldn’t agree more, we are hunting revenue not werewolves, we need a sound approach, not silver bullets or other superstitions. As for people who did not yet read the book, they can expect to hear the key findings directly from one of the author of the book that has caused if nothing else, great debates among sellers and pundits.

Dan Pink, shared that he will not only be reviewing and expanding on core concepts presented in “To Sell Is Human”, but sharing new research, and how to take advantage of that when putting it into practice. “For those who have read the book, we will be discussing the reality of the perception of sales people”, with the perception running at 4:1 negative, I think we can all get some insights from Dan. For those who have yet to read the book, Dan will be sharing “how not only that we are all in sales, but sales itself is not what it used to be.” Dan went on to assure me that he will be highlighting “practical tips to effectively leverage and make use of the research presented in the book.

These are only two of the sales leaders presenting at the conference. Now if your company had these guys in for your kick-off, maybe you have a reason not to attend, but if not, don’t you think you can kick some sales ass by attending this event?

WIN TICKETS

Not only will I see you there, but you also have a chance to enter to win tickets to this event, just click here to learn more and enter.

See you there,
Tibor Shanto

 

The Past is an Indicator of Future Action1

By Tibor Shanto - tibor.shanto@sellbetter.ca

Confident

Sellers are taught to ask probing questions, trying to discover what the opportunities can be uncovered, where the “pain” may be that will allow us to present “the solution”, win hearts and minds of buyer, win the sale, and win  the day.  But often despite a good execution of the “probing”, the prospect pouring their guts out, the sale does not follow.  While many turn to continuing to fine tune their probing, they should instead expand their area of probing.  They need to move off pain, product, solution track, and probe around the propensity of the buyer and their organizations to change and or act.

We have all seen scenarios where despite all the right elements being in place, there is no sale.  While that is not the worst thing, what is, is when sellers then spend a disproportionate time of energy, emotion and time, trying to get the sale based on the logic of the fit.  While they can recover from the wasted effort, they cannot ever get back is the time, a real non-renewable resource.  The answer is to add a line of questioning to the lines you already use.

It starts with a simple line of questioning around their current process or means of doing something, this will you a base to work with.  From there you can explore how they have traditionally dealt with specific things, and how they have progressed over the years.  If they have remained relatively constant, upgrading only when circumstances have forced them to, you are likely dealing with someone with little or no propensity to change until it is, or close to being late.  This is not a judgement, it may work for them, but is a clear indicator of someone slow to change, and you need to diagnose and act accordingly.

On the other hand, there are those who respond to your question by presenting a series of actions they have taken in anticipation of market conditions, or maybe even to force conditions.  If the reasons for taking proactive action, is tied to a proactive view of the market, they are likely a better prospect than someone with equal “requirements” and benefit profile, but with a history of inaction.

The key here is to spend more time with the right prospects, those most likely to buy (from you).  This is not about selling to your “dream client”, after all those only exists in your sleep/dream, what this offers you is an opportunity to deal more with those where the rewards truly match your efforts.  It is the best way to avoid the rabbit hole of a good solution fit, but a buyer with a history of inaction.  We are all good at moving on when the solution is not right, this enables us to walk away when the propensity is not right, not to be fooled by the fit of the solution.

You can’t change the buyer but you can very much change your approach!

One other thing to keep in mind to execute this approach to the fullest, explore this both on a personal level of the buyer, and on a corporate level.  The individual may be willing to act, but is prevented from doing so by their companies culture and policies.  Chances are a proactive individual will have moved on to an organization that appreciate and encourages their ability, but it is never a bad thing to test things on both levels.

vote

What’s in Your Pipeline?
Tibor Shanto

 

Which ‘R’ Word Will Help You Sell?2

By Tibor Shanto - tibor.shanto@sellbetter.ca

2 shadow guys

Sales people are always told to pursue relationships as a means of securing buyers, clients, and building trust. While I may not always agree with the order or sequence of these, they are the right ingredients, how you mix them, then cook them up and serve them will directly impact the perception of your buyer, and their willingness to consume or buy what you are dishing..

I have always believed that there is a lot of selling that can be done before you actually have a relationship (at least one worth anything to speak of), so why wait. In fact if you were to break down the elements of “relationship” or trust sellers strive for, you’ll find that a common element in both, namely respect. You can gain the respect a lot sooner than achieving a full and mutually beneficial and balanced relationship, which you can then use as a platform for building and accelerating, and solidifying said relationship.

Gaining and giving respect is easier to deal with early in the association, and can deliver sales as you work your way up the chain. Let’s be clear, I think that there is a lot of selling and revenue that can be achieved long before you have a relationship, and those who tell otherwise are wrong, and costing you sales, and let’s not forget, we are paid to drive sales, not relationships; after a point, selling to someone you have a relationship with becomes easier for all involved.

But many confuse respect with taking a subservient a diminutive stance, nothing can be further from the truth. If you are going to lead someone to a decision, you need to lead, not follow. You goal should be to have at minimum a peer-to-peer connection with your buyer. This involves accepting the role of being a subject matter expert, much less a product expert.

Many sales people don’t do as well as they can when they take on the role of product expert. Buyers by products for the impact those products deliver, not for how the product works. Sure a technology leader may be impressed by your gizmo’s capabilities, how it was developed, and how it is put together; but if it does not address their ability to move them close to their objectives, they will not buy. Being a subject matter expert allows you, no forces you, to go beyond product, to impact, and with that confidence, you can have that peer-to-peer discussion, allowing you to test the buyer’s view and preconceptions, and point to solutions that actually move them towards their stated objective, or a times to rethink and restate objective.

With virtually no difference in many category leaders, the key differentiator is the way you sell. Product sellers get caught in the daily discussions with how they need this or that if they are going to compete. You’ve all heard it at sales meetings, “if only we had this”, “if only it could do that”, “if it only came in red.” You may think you are not bringing that into meetings, but you are, and your buyer senses it. But if you went in as a subject matter expert, ready to help them move forward, you would not get bogged down in product based discussions, even if it does not come in red.

So, respect your buyer, yourself, and your task, to generate revenue for your company buy helping your buyer achieve their objectives. Your buyer will respect that long before they have a “relationship” with you.

What’s in Your Pipeline?
Tibor Shanto  

Two Webinars This Week You Don’t Want To Miss0

Webinar

Coming up tomorrow and Thursday I will be presenting two webinars dealing with two critical aspects of prospecting.

Tomorrow, Wednesday October 23Time – Prospecting – And Getting the Jump On BothI’ll be talking to the importance of sourcing the right leads, information about the individual and their companies, and securing the right and accurate contact information so you can engage with the right person for the right conversation.  Along with the good folks at eGrabber, I will present on: “Time – Prospecting – And Getting the Jump On Both“, looking at the combination of cutting edge tools available from eGrabber to help you make prospecting more time efficient and productive.  Time is the only unrenewable resource you have, the better you use it the more success you will have.  Improve your rate of connecting with the right decision makers, and you will increase prospects, sales and profits.  We will be sharing best practices and everyday techniques for improved prospecting.

Click here for more detail and registration

 

Then on Thursday, October 24 at 2:00 pm Eastern time - Cold Calling: How to Handle the Objectionworking again with the DiscoverOrg team, I will be presenting the follow up to the highly successful webinar last month on the fundamentals of effective Cold Calling, this time we will go deeper on how to handle and manage the most common objections faced while prospecting.  The goal is to provide attendees with common sense and proven practices for handling objections and initiating more conversations with buyers, and help them become customers.  Most sellers tell me: “Get me infront of the right buyer, and I will close them”.  Problem is overcoming those early awkward objection to you call, and move to selling.

Click here for more detail and registration

See You On-Line!

After and Before2

By Tibor Shanto - tibor.shanto@sellbetter.ca

Note pad

In a business that emphasizes relationship as much as sales does, it is sometimes interesting to see the degree to which sales people, and buyers, tend to ignore, overlook and at times avoid some basic components of human interactions, and way to enhance those interactions and the impact of that on business and sales outcomes.

Michael Jordan once said:

“…You have to monitor your fundamentals constantly, because the only thing that changes will be your attention to them”

This statement is as true in sales as it is in basketball. Sometime those fundamentals seem simple and inconsequential, but in the end it is often those little things that make the difference. Remember that your product is often indistinguishable from those of your competitor’s, so the way YOU sell may often be the differentiator that clinches the deal. So let’s focus on two seemingly small things, that when executed consistently and well, after and before meetings with buyers, will win you deals, no matter other factors. And while these may seem small, do them and then judge the results.

After:

After every meeting you should send a note, what most will call a thank you note, but done right it can be so much more.

Few send thank you notes anymore, I know that when I am the prospect, if I get a thank you note, it is so rare, I take notice, and mentally give the sender bonus points, points that may take them ahead of the other vendors. A hand written note, will just blow their mind. But more than a thank you note, it is an opportunity for you to recap what you took away from the meeting, action items everyone agreed to, and most important, what you propose the Next Step to be.

If you and the buyer synch on all of these points, then the note will just cement things in their mind, along with you being the vendor who helped them do that. If you took away different understandings, it is to your advantage to find that out now, and make any course adjustments you need to make. Better to correct things now than go into the next meeting with different ideas; if you can’t correct them, better to find out now than after investing more time and resources.

As well by introducing what you think the next step should be, you get them thinking about it, and again, if they don’t disagree, you are on the right path, but if not, you can deal with it now, not later.

Before:

About a business day ahead of the next meeting, send in a n agenda, nothing deep or heavy, three or five points (odd numbered lists are better), AND, what you would propose as the Next Step, if things unfold according to the agenda. As above, if things are on track, you can go in with some sense of confidence that you are on the right path. If not, better to know well in advance of the meeting than at the end when it may be too late to do anything about it. Same goes for the Next Step, if they can’t live with your suggestion they’ll speak up, and while it may not be what you had planned, better again to know early than after the fact.

While neither may appear to be all that and more, when you first read them, execute them consistently and it won’t be long before you attribute deals directly to executing these steps.

What’s in Your Pipeline?
Tibor Shanto  

It's time to get Bricked!

3 Upcoming #Sales #Webinars you Need to Attend!0

By Tibor Shanto - tibor.shanto@sellbetter.ca

Learn

Over the next couple of weeks I will be presenting three different webinars on 3 related topics that you should register for and attend.

October 23 - Time – Prospecting – And Getting the Jump On Both

On Wednesday October 23rd, at 2:00 pm Eastern time, along with the good folks at eGrabber, I will present on: “Time – Prospecting – And Getting the Jump On Both”, looking at the combination of cutting edge tools for sourcing the right contacts and related info, and best practices, to improve your rate of connecting with the right decision makers and start selling.
Click here for more detail and registration

 

October 24 – Cold Calling: How to Handle the Objection

On the following day Thursday October 24, at 2:00 pm Eastern time, working again with the DiscoverOrg team, I will be presenting the follow up to the highly successful webinar last month on the fundamentals of effective Cold Calling, this time “Cold Calling: How to Handle the Objection”, looking at how to effectively handle the most common objections faced by intrepid cold callers, and move to selling.
Click here for more detail and registration

 

October 29 – GAP Selling, Successful Selling in Changing Times

Finally on Tuesday October 29, you guessed it, at 2:00 pm Eastern time, I will be delivering the “GAP Selling, Successful Selling in Changing Times”. Working with LeadLifter, I’ll be presenting on a framework that allows you and your sales process to evolve with your buyers and markets, allowing you to execute your sale in a way that is not limited or impacted by market conditions.
Click here for more detail and registration

Set the time aside now, and learn how the three combine will help you sell better now, and into 2014!

What’s in Your Pipeline?
Tibor Shanto  

Seasonal Sales Tactics: Fall1

CoC Sep 13

The Pipeline Guest Post - Megan Totka

The fall season brings to mind lots of different imagery – changing leaves, beautiful colors, pumpkins, Halloween, and holidays like Thanksgiving and Christmas on the proverbial horizon. Fall and the subsequent holiday season are a huge time of year for sales. People are buying all kinds of things, from school supplies to gifts to housewares to new services, you name it, and people are likely to buy it.

So how do you tailor your sales tactics to the season of buying? Here’s a few ideas about ways to increase your online presence and subsequently your revenue during the fall season:

  • Run social media campaigns that are seasonally-themed. For fall, you could run giveaways that are tailored to the season. You could even do something as simple as change your cover or profile photo on Facebook or Twitter to something that is fall-themed.
  • Think ahead to the looming holiday season. Consider starting your holiday sales strategies early. Let your followers and customers know what you will be up to during the holiday season. Letting them know ahead of time can give them time to plan and incorporate holiday spending at your company into their budget.
  • Take the opportunity to work on some philanthropic efforts for the year. The fall and the holiday season are prime time for giving back to your community. Consider sending employees to do volunteer work. You can also make a monetary contribution to a charity if your company is in the position to do so.
  • Take the time to see what is trending this fall. Whether it is fashion or technology trends, you can research what exactly people are being predicted to purchase this season. This gives you the opportunity to cater to exactly what people are going to be looking for during the season. For example, if a fashion trend watch says that people are looking for things that are jewel-toned this year, consider using these types of colors in your marketing collateral or your products.
  • Track what your customers like. When you run a seasonally-themed marketing campaign, try your best to keep track of where your sales leads are coming from. You’ll be able to work to hone your campaigns from year to year to make sure that you are maximizing your marketing abilities.

Take the opportunity to use seasonal sales and marketing tactics to your advantage. Doing a little bit of research as to what is trending in sales for each season will help you to make even more sales.

(Photo Source)

About Megan Totka

Megan Totka is the Chief Editor for ChamberofCommerce.com. She specializes on the topic of small business tips and resources. ChamberofCommerce.com helps small businesses grow their business on the web and facilitates connectivity between local businesses and more than 7,000 Chambers of Commerce worldwide.

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