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Sales Skill: Lifelong Learning

October 18, 2021 By Adriana

Lifelong learning makes great salespeople. If the COVID pandemic has taught great salespeople one thing it’s the need to continually learn new selling skills and refine the current ones. Are you keeping current with the latest buyer strategies? How about all the tech for selling?

Salespeople need lifelong learning to be the best

Great Salespeople Are Lifelong Learners
Image by Deedster from Pixabay

Take A Selling Skills Inventory

All of us have strengths and weaknesses. What are yours? Ask your mentor for an evaluation. Check with your colleagues for their opinion. Discuss your performance with a trusted customer. Think back to recent successes and failures. What did you learn about your selling skills from the wins and losses? Do you have trusted buyers who will give honest feedback on your selling skills? Seeking to understand your weaknesses is a trait of great salespeople….

Sales Skill: Virtual Selling

October 4, 2021 By Adriana

I am old road warrior sales guy. I spent my 45-year career sitting face-to-face with prospects. Now the sales world has turned virtual. No more morning coffee with my first meeting of the day. Then lunch with another. Followed by a couple of afternoon meetings. Sometimes finishing with an evening meal with a client. With the pandemic that’s not happening. Or at least not as much. The change is driven by increased efficiency as much by health concerns. Buyer’s time meeting with salespeople is reduced when they meet virtually. So, great salesperson, what’s the new normal?

Virtual selling applies new skills to fundamental selling principles.

Apply Fundamentals To Virtual Selling
Image from Pixabay

Some Things Never Change

In this blog I focus on the fundamentals of good selling. All the fundamentals stay the same. How we now need to apply them has changed. The six-step selling process is Rapport, Pain, Budget, Decision Maker, Presentation, Follow-up. Successful selling still requires great salespeople to do all the same work virtually as doing face-to-face selling.

So What’s Different With Virtual Selling?

Time. In face-to-face selling we had time to build rapport, find the pain, confirm the budget then make a pitch to the decision maker. True we needed to be aware of the time allowed by the buyer but often if we made a connection and really had the buyer’s interest time got flexible. Discussions started in a late morning meeting could continue over lunch. Now we schedule a virtual meeting for a particular time period. Often the buyer has another meeting after ours so time is not flexible. We need to match the goals for the meeting to the time allowed. Everything is moving faster today….

The Concept Of Value

September 27, 2021 By Adriana

Great salespeople focus on providing value to the customer. Building strong relationships salespeople know what the customer values. The value triangle is: Price, Quality, Performance. Customers can only get two of the three. With low price a customer must give up quality or performance (sometimes expressed as “service”). Those buyers who value high quality are more likely to pay the higher price. If not the higher price, then a competitive price but delivered with better performance.

The concept of value compares benefits to price

The Concept Of Value
Image from Pixabay

How To Define Value

Think about your personal purchasing decisions. How do you evaluate a major purchase or even a minor purchase made the first time? Take buying a car for example. What’s the concept of value? Well we have a reason to buy the car. If you value a car just to get you from point A to point B then perhaps a cheap used car will do. Maybe you want a car which brings you prestige. Or an all-electric one because you are environmentally conscious. And most likely no matter what the benefit you want from the car, you will have a budget. So here is the mental calculation you make:

VALUE = BENEFIT / PRICE

When the benefit exceeds the price, that’s good value. With ratio of benefit to price less than one we don’t see the value in making the purchase. Great salespeople spend enough time understanding what benefit the prospect wants from the purchase. Then use the concept of value to justify the price….

Sales Skill: Building Relationships

September 20, 2021 By Adriana

In this blog I relate my experience in 45 years of successful B2B selling. The fundamental skill to my success is building relationships with prospects and customers. Now I read articles calling for “putting the buyer first” and “delivering value.” This is not new stuff. Ask any great salesperson and they will tell you both mindsets are fundamental to building mutually beneficial, long-term relationships.

Strong relationships between buyer and seller are the key to successful selling

Build Strong Seller-Buyer Relationships
Image from Pixabay

Listen First

I was always more interested in what the buyer had to say. Think about it. How can you put the buyer first or deliver value if you don’t know anything about the buyer? The products I sold had relatively long sales cycles. Three meetings minimum and sometimes as many as a dozen spread over a year. The customer was in no hurry to buy. So why be in a hurry to sell? Asking good questions to find out what drives the customer or prospect is the first step in building relationships….

Sales Skill: Creating An Unfair Advantage

September 13, 2021 By Adriana

OK, Crawford, what are you doing here? I thought great salespeople were always honorable. Yep, but there are advantages you have over your competitor they don’t have. So those I consider an unfair advantage because others can’t have them. And they give you a leg up when competing for business. Let’s look at how you create an unfair advantage.

An unfair advantage benefits the competitor

What’s Your Unfair Advantage?
Image from Pizabay

First Unfair Advantage Is You!

Only the business you work for has you. So what, you may ask. The competitors have salespeople too. Yes, but they are not you. The knowledge, skill and experience you bring to the prospect is unique. How well you know the benefits of your product or service to the prospect is an advantage. Do you have the selling skills to convince your prospect your solution is perfect? Can you demonstrate experience where you have solved the same or very similar problem for a customer? Great salespeople have the skills to be a personal advantage to the prospect….

Selling Skill: Avoiding The Price Objection

September 6, 2021 By Adriana

Price is the monetary value of the product or service we sell. It represents what our customer is willing to pay for the solution to the problem they are trying to solve. When the price is higher than the value the customer expects then we get the price objection.

For most products, the marketplace sets the price a customer will pay to exchange their money for the good or service you are selling. For mass-marketed consumer products, competition limits the price for a product. But for unique one-of-a-kind solutions, the value of the benefit of solving a problem drives the price. When we understand the value/benefit relationship we don’t get the price objection.

Guy holds onto his money when he objects to your price

Avoid The Price Objection
To Get The Money
Image from Pixabay

Should You Move On?

What’s a salesperson to do when they get to the close and the customer thinks the price is too high to pay? Or the customer says: “I can get this for less money from your competitor.”

One approach could be to pack up your brief case and thank the customer for their time and move on. Then look for their reaction. If they are happy to see you go, move on to the next prospect. But if they are uneasy that you are pulling out, it’s probably a strong signal they want to work with you but need help in justifying the price. Great salespeople are strong enough to walk away from a bad deal….

Characteristics Of Great Salespeople

August 30, 2021 By Adriana

Read the literature today about the characteristics of great salespeople and you will find common traits. And they are different today than those of past generations of great salespeople. Take my dad, the most influential salesperson in my life. He got in his car every Monday morning and headed out to see customers. When he got his customer’s office they would usually see him. No appointment necessary. Maybe he would bring donuts or take a customer to lunch. His tech was the phone on his desk and a Remington typewriter. His research came from his customers, his fellow salespeople and maybe a printed business directory. And my grandfather, another great salesperson used exactly the same tools. But now times are really different as are the characteristics of great salespeople.

Great Salespeople Share Characteristics
Image by Arek Socha from Pixabay

Great Salespeople Put The Buyer First

This “putting the buyer first” characteristic of great salespeople is eternal. Both my dad and grandfather had it. But today we do it a bit differently. We have multiple tools to understand the needs of the buyer. By learning about the burdensome business issues the buyer has we have empathy with them. Great salespeople are successful because they put the buyer’s needs first. And we work hard to satisfy those needs with our product or service. Today we are more thought leaders and consultants for the buyer. We connect with buyers and other influencers using the skill of engaging and relevant storytelling. We build rapport and mutual trust between ourselves and the buyer’s team. For generations first among the characteristics of great salespeople has been the skill to put the needs of the buyer above their own….

Use The Key Sales Performance Indicators

August 13, 2021 By Adriana

There you are great salesperson, hanging out with your sales buddies at the end of the month. Everyone has a good sales story to tell about how they landed the big one. But how many of you actually track your Key Sales Performance Indicators? Those are the metrics which tell you how good you are as a salesperson. Let’s look at the most important ones.

Key sales performance indicators keep salespeople focused and improving

Use The Key Sales Performance Indicators
Image From Pixabay

Sales Revenue

Of course this is the most important sales performance indicator. After all the dollars created from your sales help fund all the functions of the business. If you aren’t producing sales revenue it’s hard for the business to continue to operate. Or as my salesman father always said: “Nothing happens until someone sells something.” Do you set reasonable sales revenue goals for yourself? Do you check how you are performing against those goals?…

Sales Skill: Understanding Buyer Stress

June 28, 2021 By Adriana

Life in the US is looking like it’s returning to normal. Restaurants are opening, movie theaters, too. Travel for business and pleasure is picking up. People seem a bit more relaxed as the social restrictions are lifted. So that’s all great. But did you hear about the container ship blocking the Suez Canal? How about all those companies with supply chains spread over the world? Ships are in short supply and there are not enough containers. Demand is up but the capability to supply product is in trouble. And there is buyer stress all over the place. What’s a great salesperson to do?

Manage Buyer Stress
Image from Pixabay

Be Customer Focused

Great salespeople put the customer first. They are always in communication with the customer to understand their needs and problems. Some customers are going gangbusters. The demand for their products is high but the challenge is getting the material needed to meet the demand. Be honest. Buyers need salespeople with integrity. Someone they can trust. If you can’t meet the demand tell them then help them find another source. Or maybe an alternate product. Or offer to change the mode of shipment. Perhaps you are a supplier to retail stores. Be listening to your customers about product demand. Then pass the information on to operations so they can shift product mix. By being customer focused you reduce buyer stress….

Sales Skill: Getting to “NO”!

June 14, 2021 By Adriana

What you, great salesperson, are shocked that a sales skill is getting to “no”! Think about it. Do you win every sales pursuit? Do you want to convert every prospect to a customer? And aren’t you the one advising those new salespeople that selling is a numbers game? So the sooner you get all those “no’s” out of the way, the quicker you get to “yes”. There are three times in the course of getting the order when getting to “no” is important: Qualifying, Confirming and Presenting.

Go For The “NO”
Image from Pixabay

Qualifying: Looking For The “No”

Great salespeople know they have a qualified prospect when they have rapport with the decision maker, they have a problem you can solve and the budget is there. Any one of these is absent, then you don’t have a qualified prospect. So great salespeople ask good open-ended questions to qualify the prospect. If you can’t build trust and comfort with a prospect, chances are you won’t get good answers. Better to move on. When the prospect doesn’t have a problem they want you to help solve. Time to look for another prospect. No sense waiting to the close to find out they can’t afford your product or service. Get to the budget “no” quickly. Now you see that in the qualifying process getting to “no” quickly saves time.

Confirming

When great salespeople ask good open-ended questions, they hope for answers to lead them toward the successful conclusion of the sale. But we don’t often hear it right. So we ask confirming questions. These questions validate to the prospect we are listening. Confirming questions also help salespeople better understand the prospects mind. In short sales pursuits a confirming question can lead to the close: “If I can get it in blue, would you buy it?” Getting a “no” here gives the salesperson a chance to go on selling by asking other questions about color and other product features. In long sales cycles the “no” along the way offers insight in what it takes to get the “yes”.

Looking For “No” In The Closing Presentation

Now, Crawford, you’ve really lost it! Why put all the work into qualifying a prospect only to hope for “no” in the closing. Good question. Great salespeople are deaf to “no” during the closing presentation. It’s not they don’t hear the word but they interpret it as: “I have a question.” “No” is often an objection. In other words, an appeal for a clarification. So salespeople can find out the reason behind the “no” and go on selling.

The favorite outcome at the end of a sales pursuit is the “yes”. But the least favorite is not “no”; it’s: “I want to think it over.” The salesperson lives in limbo waiting for the prospect to think about it. And most times : “I want to think over” is a polite way for the customer to say “no” without hurting the salesperson’s feelings. Better to have the prospect agree at the beginning of the presentation to tell you “no” if they aren’t going to buy from you. But great salespeople work hard to get the “yes” and they understand the value of “no”.

What You Can Do Right Now Getting To “NO”!

Understand “no” is not personal
Realize “no” is a time saver for you
Treat “no” as an appeal for more information

To learn more sales secrets see Chapter Thirteen, Getting The Order, in Secrets of the Softer Side of Selling. For even more sales encouragement, join our FREE Sales Club! “See” you next week.

Good selling!
Don Crawford