Superbowl Sales Lessons

Feb 08

[youtube=http://www.youtube.com/watch?v=J8g0WFQZHeY]

Last night’s Superbowl game was a great example of the importance of preparation. I could spend a lot of time talking about how each team prepared by reviewing video footage of the other team or completing intense workouts or planning their basic strategy. However, because I’m a big fan of The Who I want to look at the sales lesson that was demonstrated by during the halftime show. It’s about the importance of preparation.

From set up to tear down, the entire show was executed in less than 30 minutes.

The performers had exactly twelve minutes for their performance. With an event like this timing is essential which meant that the band not only had to write the medley, they also needed to ensure that they could perform it in the allotted time. How many times did they rehearse their performance to ensure that they could actually perform their act in the allotted time?

I was impressed to learn that the ground crew had less than six minutes to construct the entire stage for the halftime performance. And, when the show was finished the crew had just over seven minutes available to remove the stage from the field. Although I’m sure the gear was set up behind the scenes and it was disassembled in sections, it’s still an impressive feat to execute this feat.

How frequently did the crew practice? How often did they run through their “performance” to ensure that they could execute on game day? How many times did they set up and tear down that stage?

This leads me to the real reason for writing this post.

How much practise do YOU put into your work? When you apply a new concept or strategy into your approach, do you rehearse it with a coworker first? Do you practise before you use that strategy with a prospect or customer? Do you rehearse your sales presentations before you meet with a customer? Do you know exactly what message you want to deliver?

When you have an important meeting scheduled with a new prospect, do you take the time to prepare your questions? Do you make the effort to verbally run through those questions BEFORE your meeting? Do you keep on eye on the time and make sure that you respect your prospect’s time?

One of the key to success in sales is preparation. However, the vast majority of people who sell a product, service or solution simply do not invest enough time preparing before important calls, meetings or presentations.

Follow the lead from an aging rock band and invest more time preparing. Your results will reflect that effort.


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Keep Your Ego in Check

Jan 11

Almost everyone in sales has encountered a prospect or customer who has been rude or treated them (the sales person) in a less-than-professional manner. Whether it is being told, “I don’t talk to sales people” or being hung up on in mid-sentence, these situations are never enjoyable.

However, I’m amazed how many sales people feel the need to protect their own ego by retaliating in a similar manner. I understand the need to grasp for some type of victory but retorting back with a snide remark, equally offensive comment, or otherwise unprofessional behaviour only perpetuates the myth that all sales people are rude. Plus, reacting this way also gives the prospect a reason to continue demonstrating this type of behaviour.

Quite frankly, it doesn’t matter why a prospect behaves in a particular manner. A true sales professional disregards the behaviour and focuses on their primary objective. When a prospect brushes you off even though you think your product, service or solution would be a good fit for their company, the best course of action is to move on to another prospecting opportunity.

Keep your ego in check and resist the temptation to take a parting shot.

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How to Lose the Sale, Quickly and Easily

Dec 15

Here are five sure-fire ways to guarantee that you will not get the sale;

Focus on yourself. I recall meeting several salespeople from a variety of vendors regarding an initiative I was working on for a client. EVERY single person began their presentation by telling me about their company rather than learning about my needs and wants. I ended up being subjected to information that had little or no relevance to my situation, which meant that 20-30 minutes of my time was wasted in each interview. I understand the importance of providing some background information on your company at the beginning of your presentation but keep it brief. I personally don’t care how much your company is worth, how long you have been in business, or what projects you have recently completed. I want you to focus on my needs first. Demonstrate that you care about my particular situation or show that you are interested in learning more about my business needs and I will reward you with my full attention.

Don’t listen to me. When I worked in the corporate world I gave countless salespeople information pertaining to my business requirements only to have them draft a proposal that did not take these needs into consideration. Don’t waste your prospect’s time asking questions if you are not going to listen to his responses. The best salespeople ask probing questions, take written notes, and clarify their understanding of the prospect’s needs at the conclusion of each meeting. This enables them to create a proposal that addresses the client’s specific concerns, issues and situation.

Make elaborate claims about your product/service. I once had a salesperson claim that his product was completely unique from anything on the market. When I questioned what he meant, I discovered this “unique feature” was something that several other companies offered as well. This salesperson immediately lost any credibility he may have established and failed to close the sale. Do your research and learn what your competitors offer. Know how to position yourself differently without exaggerating or overstating your product or service.

Talk too much. It continues to amaze me how many people think that telling is selling. I have interacted with thousands of salespeople during my years as a sales trainer and the top performers understand the importance of silence and have learned to become comfortable with it. Unfortunately, too many people talk far too much. I recall listening to a salesperson ramble on at great length about a product I was genuinely interested in purchasing. Unfortunately, I couldn’t get a word in edgewise to tell him I wanted to buy it. In fact, when I told I wanted it, he tried talking me out of the sale by stating, “If you want some time to think about it, there’s no rush.” While I appreciated his low-pressure approach I couldn’t help but wonder how many sales he had lost in the past.

Do not respect my time. Today’s business executives are extremely busy. In fact, I recently read that most decision-makers have just one hour of unscheduled time during a given week. When you are granted an appointment or are talking to someone over the telephone, respect their time constraints. Get to the point quickly and keep your presentation concise and brief.

You may think these are pretty basic mistakes and you may believe you don’t make them. I suggest that you think otherwise. The majority of people who sell a product or service fall prey to these mistakes on a regular basis. Here is a final example;

When I was the manager of training for a large electronics company I was contacted by many sales trainers. One in particular, spoke at great length about the features of his program and how valuable it was because participants would learn how to effectively qualify customers. He told me that this workshop would teach people how to ask the right questions and listen to the answers. In turn, I would see a noticeable increase in sales. While I agreed with his concepts, I seriously doubted his ability to deliver. Why? He did not apply the concepts of his own workshop. In fact, he spent most of the allotted time talking rather than learning about my needs! If he didn’t practice what he preached, how could I be sure he would deliver?

Pay more attention to your prospect’s needs and respect their time. Avoid these common mistakes and increase your sales.

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Preventing Sales Objections

Dec 10

Objections often prevent sales people from moving the sales process forward. In fact, in many cases, they actually cause people to lose the sale. One of my philosophies is to work at preventing objections from being expressed. Discover how to achieve this during this brief presentation:

Preventing Sales Objectionshttp://static.slidesharecdn.com/swf/ssplayer2.swf?doc=preventingsalesobjections-091124111707-phpapp02&stripped_title=preventing-sales-objections-2575574
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