No NO NO

Objection Handling0

By Tibor Shanto – tibor.shanto@sellbetter.ca

Proactive Prospecting Summer – Part 8

In this installment of the Proactive Prospecting Summer, we look at a crowd favorite, Objections.

There is no getting away from Objections when it comes to prospecting, it may be a bit easier with e-mail, where rather than hearing the FOD directly, you just get to enjoy the silence of being ignored. Objections are part of the process, and rather than falling prey to the next pundit offering a silver bullet or some way to avoid Objections while prospecting, not happening no matter what they tell you.

The video below highlights how to deal with the inevitable in prospecting: Objections – Full On Rejection. Watch the video, grab your free copy of the Objection Handling Handbook, and learn to overcome Objections, not run from them.

Don’t forget, you can take the on-demand version of the Proactive Prospecting Program available on-line at Sales Gravy University.

Here is to Single Tasking – Sales eXecution 3001

By Tibor Shanto – tibor.shanto@sellbetter.ca 

One

One of the realities of today’s economy, and always on work environments, is that we end up having to squeeze 16 hours in to a 10 hour day; and that’s on a good day, others can be worse, and weekends for many are just a chance to slow down, not disengage. People turn to different things to help them cope or keep up, is “multi-tasking”! A cute concept, with so much promise and appeal, yet rarely functional or practical, leaving most behind as a result. In fact it could get so bad, that many don’t even realise how far behind they because they are too busy rolling into the next task. Busy yes, productive, rarely. Which is why you should consider a new alternative, Single Tasking!

Let’s get past whether multi-tasking works or not, it does not. Don’t believe me, check these:

Multitasking Damages Your Brain And Career, New Studies Suggest
The True Cost Of Multi-Tasking 
12 Reasons to Stop Multitasking Now!

There is no productivity gain, there is just the opportunity to not get all the things you’re doing done right.

Learn how to avoid the multi-tasking trap in prospecting

To avoid this trap you need to step back and see why you find yourself needing to multi-task to begin with. In most cases it is because we have not planned or assigned sufficient time to high-value activities. Based on what you are selling this will vary, not only in terms of what those high-value activities are, but what percentage of your time need to be allocated to each.

One of the things that stresses people out and causes them to multi-task is that their planning is not aligned with their sales cycle. Not all high-value activities need to be done every day. But they do have to be done at different times throughout the cycle. But at some points in the cycle you may need to spend more time prospecting, others, selling, and at times managing accounts. By looking at things based on the cycle, you will give yourself the right not to do something one day, as long as you have allotted for that activity later in the cycle.

First thing is to list those activities, prospecting, training, internal meetings, account management, selling; some will need to add other things like implementing if that is part of your job, for me, I have to set time aside to deliver the training I sell.

Then figure out which of these activities have to be done entirely in “Selling Time”, that 8:30 to 5:00 when prospects and clients are most likely to see you. Other activities can be executed during “Discretionary Time”. This does not mean that the activity is discretionary, but when you do them is. A proposal can be written at 5:00, probably in a less rushed way.

Then allocate what percentage of your Selling Time needs to be allocated to each high-value activity, then do the same for Discretionary Selling time. And remember this is over the course of you average cycle, not day in day out, no need to bring unnecessary pressure.

Develop the discipline to manage your activities to be focused only on the activity you allocated time to, and you will not be behind the eight ball when the deadline looms. We multi-task because that deadline, drop dead time, is coming and we have to get a whole bunch of things done. You may get them done, but will they be done to the best of your ability or just done?

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Mastering Tools and Methods of Prospecting Success #webinar0

Business man point: Turn Prospects Into Sales Appointments

Wednesday June 10, 10:00 am PT/1:00 pm ET

Prospecting continues to be the most sought after skill when companies hire and promote sales professionals. The better you are at identifying and engaging with the right prospects, the more success you will have in your sales career. But to achieve success in prospecting, you will need to master two key elements

1. Sourcing the right leads and crucial information needed to reach that prospect
2. Connecting and engaging with those leads and converting them to pipeline opportunities

Join me and Clinton Rozario, as we present you the methodologies and tools that will help you master the two elements above, and keep you pipeline full and healthy.

By attending this 60 minute expert talk, you will learn how to become more efficient at both lead generation and prospecting and following up, thereby allowing you to spend less time in gaining more prospects and freeing up time to sell more to new and existing clients.

By attending this webinar, sales professionals can learn about

• Leveraging Social Platforms for Micro Targeting
• Reaching C-Level Decision Makers on Social Networks
• Proven method for successful B2B Prospecting
• How to sustain a continuous flow of opportunities
• Lead Gen and Prospecting Tools that will make you more efficient and successful

About Clinton

Clinton Rozario is an expert in B2B lead generation and prospecting on social networks. He has been the chief architect of several such patented products at eGrabber. He offers his expert advice about B2B sales lead generation at various forums and has written numerous articles on the same.

Register

 

 

The Best Sales People – Trust, But Verify – Sales eXecution 2992

By Tibor Shanto – tibor.shanto@sellbetter.ca 

Detective

Some may remember one of Reagan’s more famous statement in 1987, while he was addressing folks gathered at a nuclear treaty signing, Trust but Verify, could also be part of every keynote at your everyday B2B sales Kick-off.

I use this expression not to suggest or imply a lack of trust between sellers and their potential buyers, but to ensure that sales people make the most out of their most precious resource – Time. The better you do things the first time, the more time you have to execute other important parts of the sales day, instead of having to repeat things you thought you had completed last week. Some ways to bring this to your selling will insular, specific to things you do, and some will face externally, and ensure that others are also part of your sales success.

One great place to apply this mantra is your pipeline. We often find that we have a lot of opportunities in our pipelines, and it feels good, but if we were verify the quality, or reality of those prospects, we may not have as many as we thought. Verifying is easy if you want to do it. Does it meet your minimum thresholds, i.e. is the prospect a good fit for you, or are they just a placeholders because your manager has a silly rule of having a pipeline three times the size of your quota. Are they really engaged, one easy way to validate is to not only get next steps, but give they homework that will verify that they are. For example, I always like to ask for the opportunity to interview a sample number of their reps after my initial meeting and going any further. If they do, it is a clear indicator that they are willing to invest in the process.

Another area where sellers benefit from a Trust but Verify approach is during the process of prospecting and qualifying. It is easy to sprinkle things with a little sugar, go on appointments we know are not likely qualified but are available. A little scepticism goes a long way, and while it may result in less appointments, they will all be of a better quality. When qualifying a prospect, that crucial phase between hand shake to proposal, how well you choose to verify will dictate whether it will be a solid proposal that will lead to a close, or a not so solid one leaving you to having to resell and negotiate your way to the finish line, or an “oh so close death”. It is easy to have a positive outlook, take everything a prospect says with a sprinkling of hope. It is more practical to verify and deal with the best opportunities, not any old opportunity.

It’s nice to have a full pipeline, but it also creates a false sense of confidence, one that releases strange endorphins in a seller’s mind, endorphins that prevent sales people from prospecting for new prospects. It is true that the fuller a rep believes their pipeline to be full, the greater the likelihood that they will not prospect for new opportunities. Verify the pipeline, and a more honest view will dictate their emotions and resulting activities.

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Get More Appointments In Less Time2

By Tibor Shanto – tibor.shanto@sellbetter.ca 

No Magic, no voodoo, no silver bullets, no secrets, I’ll lay it all out; a proven technique for getting more appointments without increasing your prospecting time. This proven techniques works whether you are seeking face to face appointments with vetted prospects, getting prospects to attend an intro web meeting, or are conducting an inside sales function by phone.

First thing is first, the purpose of a prospecting call is to get engagement (Tweet).  This call can come after an initial e-mail, social tenderising, or it could be the first attempt to connect directly with a prospect. What you want is to get engagement, you want the commitment to a meeting, or the time to initiate an information exchange or call it discovery if you will. So just as in theory there is a separation between church and state, there needs to be a distinction between prospecting, and selling. But most sales people do not practice this, they blur the line between the two.

The best way to do this is to have a focused plan for the call, and execute it in a very specific way. Initiate the call, Engage using Value Prompts, hit them with an Impact Question, and Request meeting. At this point you’ll either get the appointment, or more often the initial objection, which you will have to take away. You need to get used to the fact that you will get multiple objections, and you’ll have to take those away, using specific value points. Not the value proposition on your web site or brochure, but value to the buyer, to their world from their perspective. (To see detailed breakdown click here).

Now after you take away three or four objectives, you should move on, because you can always revisit this prospect, but you will never be able to recover the time you waste trying to convert someone in a call who has rejected you multiple times, sorry no silver bullet or secret incantation, just process and execution. Some will try to avoid the inevitable by asking questions that at best get you nowhere, or usually just make you sound desperate, and leave the wrong lasting impression with the prospect.

The key here is time. A good prospecting call, again, not a sales call, but a prospecting call as defined above, should take no more than three, at most four minutes. Taking on more objections does not get you anywhere but adds time to the call. Asking questions that show how smart you are and all the research you did, again does not get you closer, it just adds time.

I watch sales people stay on a call six, seven, eight sometimes 10 minutes, trying to sell way before the potential buyer is even engaged; no engagement – no sale!

So if you spend 90 minutes making calls, speak to five people, and get one appointment (OK but not the best), imagine if you cut you on call time to three minutes from say seven, you’ll be able to get in twice as many conversations, be less frustrated, and get twice the appointments, every time.

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3 Strikes Not Out – Sales eXecution 2971

By Tibor Shanto – tibor.shanto@sellbetter.ca 

Baseball biz 2

One of the downsides of today’s technology driven “always connected” world, is the expectation of instant response or gratification. I watch teenagers suffer great angst and sweat profusely when one of their text or messages is not returned instantly. I see a version of this in sales, specifically prospecting, the lack of patience causing people to abandon perfectly good leads may too soon. This not only leads to a voracious appetite for leads, but creates a number of bad habits and lost deals.

There seems to be a “3 Strikes and Out” approach to prospecting or engaging with potential buyers. But this is not baseball or the criminal justice system, where you can in fact be beat after three strikes, in prospecting and sales, this is certainly not the case. It is interesting that in this particular area, how many millennials have much in common with the characters from Glengarry Glen Ross, “Can I have me those Inbound Leads”.

In sales and prospecting the third try is often be just the starting point, and contact or success can often come much later. If we want to stick to the whole baseball theme, the game is nine innings if not more.

When prospecting, you can expect to make eight or more attempts before a given prospect may respond. Remember, business people today are usually trying to pack 16 hours into a ten hour day, meaning they are behind the eight ball from the moment they are brushing their teeth. Breaking through that not only takes creativity and solid value, but patience and persistence; a much greater level than some sales people are willing to give, and managers may tolerate. Which is too bad, because there is a lot of truth to the notion of last man or woman standing.

The key is having a plan, a system, and the wherewithal to execute. Doing it right does not mean doing the same thing eight or more times, idea is to engage not repel. First you need to pick the tools of the trade. Often one of the challenges is that we are just not getting through, I like the phone, the prospect responds to e-mail, if I don’t identify their mode of communication, the best messaging will be lost. Important to remember that not everyone is like us (thank god), so we need to make sure we that we are covering the spectrum.

Given the times we are selling in, you have to think:

Bottom line is you have choices to make, which means planning. You need to have a Pursuit Cadence planned, and implemented into your CRM. If you think you can do it from memory you are wrong. You need to plan it out and systemize it, much like marketing automation, this needs to happen regardless of your mood or workload. Below is one an example, you can learn more here.

One last consideration, leads and prospects are recyclable, how many times have you sold to someone you first prospected four years ago, missed, tried again, and then finally connected and went through the cycle, and now have a happy customer. Remember, sales is about execution, execution of a plan. Done right, it is very much a game of 3 strikes, not out.

Tibor Shanto     

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What Are You Opening – Sales eXecution 2952

By Tibor Shanto – tibor.shanto@sellbetter.ca 

Looking in

Sit in on any weekly sales meeting or pipeline review and you will hear the same question over and over: “What are you closing?” Nothing wrong with that question, especially if everyone is closing the right deals at sufficient levels. But given the fact that less than 60% of B2B reps hit quota, the above is not a safe assumption.

The real focus should be on the open, not the close. While I am not suggesting that the “What are you gonna close?” question should be dropped, I do think that it always needs to have a companion questions: “What are you gonna open?” Add to that if your close ratio is 4 to 1, you should ask the “gonna open” four times for every time you ask “gonna close” question.

While many will attribute their missing to a number of factors, it really comes down to two simple things. They either can’t sell, meaning they have more than enough engaged prospects, they just can’t close them; or they can sell just fine, but do not have enough prospects to take through the process. The former is easy to deal with, fire them, do fast, then hire slow, make sure the next sales person you hire can both sell and prospect.

If the issue is the latter which is more often the case, then the solution is creating a culture of prospecting. I regularly get reps telling “get me in front of the right prospect, and I can close them”, and it is usually the case, meaning they can’t prospect. Fortunately this is something you can fix, and continuously improve.

TEST DRIVE THE BEST ON-LINE PROSPECTING TRAINING PROGRAM AND APP AVAILABLE TO B2B SALES PROFESSIONALS

While many in sales like looking at the close, as we have discussed before, the close itself is a Lagging Indicator. Winning in sales is about managing and improving Leading Indicators, meaning activities that are executed early in the sales that determine the outcome, rather than dealing with the outcome after the fact.

The first step is knowing your conversion rates from one stage of the sale to the next. With that you will not only be in a position to plan and control your selling, but understand how many prospects you need to succeed, with that number in hand you are in control. Let’s look at a simple example, if you have a 4 to 1 handshake to close ratio, and you need 4 sales a month, it is clear that you need 16 prospects a month to interact with. It doesn’t matter how you get them, let’s not get side tracked. You can use referrals, cold calling, social selling, or smoke signals, the fact remains you need to shake 16 hands to meet your quota. If you get 16 or more, you are in control, you have options.

Any less than that, you are in trouble, you either need to instantly improve the way you sell to make your close better than 4 to 1, or begin praying to a better sales god. If you only engage with 12 prospects, you will be reluctant to get rid of prospects who do not qualify, or resort to concessions, or any number of desperate measure to try and scratch out your quota; continuously increasing the pressure on yourself in the process.

While selling and sales tools continue to evolve, the math does not, the choice is yours, while improving selling is a good option, improving how you sell and close as well as how you open will give you more options and more success.

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What’s Your Recovery Period? – Sales eXecution 2740

By Tibor Shanto – tibor.shanto@sellbetter.ca 

recover

No one likes rejection, and I would argue few professions have to put up with as much rejection as sales people do. We face rejection throughout the sale, from the time we try to prospect and engage with a potential buyer, right to the end when they finally agree to deal with us. We face rejection from prospects we lose, and from those we actually win, in fact we win by overcoming rejection.

Each rejection is like a blow, whether we overcome them or not, they consume effort, energy and they take their toll, much like a blow in any athlete in any contact sport. And yes, let there be no doubt that sales is a contact sport. What separate great athletes from also-rans, is not only their ability to deal with and overcome the blows, but how efficient their recover time is.

Of course it is best to start by trying to minimize rejection, and avoid being the guy who can survive by taking the most blows. But in the end, in sales there is no avoiding rejection of some form during the sale, could be mild, could be fatal, but much like death, taxes, and lying politicians, if you’re going to sell you will face rejection, and you need to learn to deal with it. The better you are at that the greater success you will have in sales. One way is to improve your recovery time, there is truth in the saying about getting back on the horse.

First is be prepared. It is coming, you can’t avoid it, so learn to deal with it. If you try to hide from it, you will also hide from successful sales. Often the best sales are a result of a well handled rejection, the rep that faced it head on, dealt with it, and moved to the next step with their prospect in tow, wins more often than those who avoided it. Part of engagement is push back, if you’re not getting any, you’re prospect is probably not engaged.

Specific to prospecting, telephone prospecting, the first think you need to know, actively manage and constantly improve, are your conversion rates. Attempts to right person contact; right person contact to desired result (appointment). I know there are those socialites who will tell you sales is not a numbers game, (I guess to them it is just a cotillion or day at the country club), but knowing and managing these numbers will improve your recovery time and your success. It will also help you with your time allocation, know how much of an activity you need to do will help you set the right time; that in turn will help you set the right mind frame. Just like I know what it takes me to run a five kilometer run, I can know what it takes to secure the number of appointments to deliver quota. And BTW, having a few extras will give you options, who to let go and who to double down on. Not having enough prospects build pressure, and makes every prospect sacred, and losing one devastating, making it harder to recover, increasing your recovery time. A key preparation is to ensure that you are working from a “position of plenty”.

Again, knowing that rejections are part of the territory, learning how to handle and manage the most common objections before they come so you can help your prospect get from reactionary mode to interaction mode is also key.

The way to recover is to take your lessons from the event, and apply it, not retreat. Avoid what a lot of sales people do, they get rejected and they take time to recover, grab a coffee, call their mom, or question the quality of the lead. All adding to recovery time and reducing selling time.

Thank You For #CASL Mr. Harper0

By Tibor Shanto – tibor.shanto@sellbetter.ca 

Cold calling Harper 3

Tomorrow July 1, is Canada Day, a day where Canadians in our own way celebrate the difference that is Canada. But tomorrow will not be a happy day for many businesses, sales people and sales organizations. July 1, 2014 is the day the new Canadian Anti-Spam Legislation goes into effect. Known by its acronym: CASL, which makes it sound safe. Canadians can now feel protected from those African “nasties” who want to share their princely fortunes, or those Asian companies offering to share their collectibles if you act as their agent, and of course all those voodoo doctors who want to help reshape key parts of your anatomy, up top and below.

Learn about the CASL Relief Special

But the reality is that those Nigerian princes will still be hitting your inbox, of course given that it is 2014 most now end up directly in the junk box. And despite the bravado from the Canadian Government that they will pursue these spammers to the four corners of the world (I thought earth was round), I doubt they will be able to stop or even slow the usual abusers. Meaning that most will experience the downside of CASL.

CASL will impact small and medium businesses, the very group Harper’s Conservatives claim to champion, legitimate Canadian businesses and their sales organizations. While many larger companies, with resources, money and time will adopt various forms of marketing automation, many SMB’s lack the ability to take advantage of the alternative. Even if they did, the fuel of these automated alternative is content, and that will be a challenge. Of course they could outsource it, but for many an effective strategy will be too cost prohibitive.

While no one will argue the good idea and intent behind the legislation, the outcome is anything but. While some apologists have put off the severe negative effects of CASL on small and medium businesses to the law of unintended consequences, I am not sure it fits here. The consequences could and should have been predicted and more importantly with a bit of forethought and consideration easily minimized or avoided. Forethought? Sorry, what am I thinking, we’re talking about governments; BTW, guess who is exempt from some of the business killing effects of the law, yup, governments and Members of Parliament, nice.

One beneficiary of this debacle is Canada Post, direct mail marketing should see an uptick based on what many are planning to fill the gap. Let’s look at some of the unintended consequences here. More paper wasted, and I am not a tree hugger, but I do pay taxes. Everyday loads of useless paper is delivered in my mail box, I have to take that to my blue box, and pay the municipality to recycle it, and start the charade all over again, and they make the money, you and I pay the cost. Seems like a lot more bother than hitting the delete button, or better yet given that it is 2014, just have it go straight to junk. Maybe Canada Post should get into recycling the junk they deliver, charge it to the advertisers, and make up for some of their losses.

But for the most part I can’t complain here, because the other big winner here is: COLD CALLING!

Ya baby, you have fewer choices now. While social selling, inbound marketing, and various forms of automation are great, they are not all that effective in engaging with those people lopped off by CASL. No getting around the whole “electronic business communication” thing. But you can pick up the phone, say something worthwhile, and directly engage, and sell. Talk about great unintended consequences!

So here is my give to Canadian and American SMB’s alike. The Renbor CASL RELIEF SPECIAL. That’s right, book Renbor to deliver our world famous, road tested and proven Proactive Prospecting Program for your company, during July 2014, (to be delivered before September 15, 2014), and will give you a 20% Harper/CASL discount. Click here to learn more about our CASL Relief Special.

Thank You Mr. Harper!

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Proactive Prospecting #Workshop – #Toronto – August 271

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Not that I want to look past the end of the summer, but as successful sales people we always have to be planning ahead.  As we get ready to round the bend to the end of after Labour Day, it is not too early to start thinking about how we maximize our opportunities into the end of the year, and to kick 2014 off strong.

So if you are in Toronto, or driving or flying distance, mark down August 27 in your calendar, that is the day that we will be present the Proactive Prospecting Workshop.  Just in time for you to be able to hit the ground running with a vibrant and full pipeline.

See full details here

Sign up now and take advantage of the Early Bird Special, and multi attendee discounts.  Find out why past attendees say:

“Thanks for a stimulating and entertaining review of techniques to drive success.”

“Thank you Tibor, we have already started implementing many of the techniques and tracking systems you spoke of.” Jeff Sutton, Vice President, Business Development, ISB Corporate Services

“Tibor, thanks again for the training course. Your ability to address the concepts with reality puts power into the content.” Ingrid B. Gutzmann, Sales Manager, Major Accounts IKON Document Efficiency At Work

Invest in your success today, and answer with confidence when asked:  What’ in your Pipeline?

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