Selling (and Silence).
"By the book." "Buy the book."
Look, this isn't subtle. But, in truth, one of the most effective
lessons about selling I ever gave myself came from a paperback book (bought
at a school garage sale for 10¢) authored by all-time champion car salesman
Joe Girard. A car salesman for gosh sakes! He is a
master. It's amazing how many people who have successful selling
careers sit down and write a book about what works and what doesn't.
It's very approachable reading. And such books are easily obtainable
at most "mall" book chains, at any library, or at the famous How-To-Do-It
Bookstore (1608 Sansom Street, Philadelphia, 215 563-1516). There are
courses on selling (various community colleges, Wharton, St. Joseph's,
Villanova, etc.), a steam of programs and events each year (the
Entrepreneurs' Forum, SCORE, the Philadelphia Top 100™ Conference, among
others), and ongoing coverage in the business press (daily local papers,
Business Week, and trade publications, for instance). If you realize
what you're seeing, it is virtually impossible to escape the flow of free or
almost free information. The texts on effective selling (i.e., the formal
books) provide the step-by-step instructions. The press coverage
provides the examples and the anecdotal information. Also try to pick
out a couple of individuals (maybe one in your field of another from
outside the field) and ask about their "best practices" when it comes to
selling. And then pick out what seems to be applicable to your
specific situation. Hint: just because something worked for their
personality with their
product (or service) in their market situation with their
targeted prospects does not automatically mean that it will be appropriate or
effective for your product (or service) in your market
situation with your targeted prospects. Think. To be
effective, be selective. You have to go get the detailed how-to-do-it
information for yourself. The sources suggested above will get you
headed in the right direction. Sorting out and applying the
information is up to you.
Here's the big
picture: Selling is the process of converting prospects into actual
paying customers and maintaining them as customers. Since it
can cost four times as much to acquire a new customer as it does to maintain
the equivalent revenue production from an established customer, finding the
right resource allocation that will preserve your base and grow the company
at the same time is very, very important.
Here's
Collison's No. 1 Rule for
Effective Selling:
"Selling"
isn't happening when the salesperson is talking.
"Selling" is
actually happening when the prospect is talking.
Therefore,
effective selling presentations move to a conversational format at the
earliest possible moment. Effective presentations are often based more
on posing issues and questions and less on conveying lots and lots of
information. "Selling" is not about content. It is about finding
a "fit."
Finally – and
this is the hardest part about selling – here is a reminder about making the
selling process truly effective:
" ? "
That humble
little punctuation mark denotes the end of a question. For
example.....
"How can I
help you?"
or
"What is
bothering you about your current situation?"
or
"What is your
company trying to accomplish?"
or
"Would it be
meaningful to shave 20% off your current processing time?"
or
"If you could
increase throughput by 8%" what would that be worth to you?
or
Given Options
A, B and C from us, which one would best serve the needs here at your
company?
or (even)
"Are you in
position to place an order today?"
The question
mark means (or should mean) "Shut up and listen!" Once the
question mark is reached, then no matter how long it takes your prospect to
begin speaking, whatever happens next is likely to be pure gold.
Listen. And think very carefully about what is said (and the way
it is said). And then respond to it. You will be amazed
at the up-tick in your selling results.
Exhibit 3: A Model of
the Real Selling Process
-
No
ultimately means Yes
(APPLIES TO SELLING YOUR PRODUCT.... OR TO
SELLING YOURSELF)
...it
out...
...‘em off
Go meet
José*
When the going gets
tough~
etc...
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No way, José* |
Yes |
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Obviously, a paper of this size makes no
claim at being a comprehensive examination of the issues. Rather, it
is intended to get you thinking about your own situation and to guide you to
the next steps that may be helpful.
Here is a summary:
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Marketing is
positioning.
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Advertising is
communicating.
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Selling is
motivating.
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Any activity that
isn't targeted is likely to be wasted.
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Each of the three
functions deserves to have its own activity budget and a specific dollar
budget.
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Each function should
be measured on a current ongoing basis (as well as annually) in order to
compare budgeted amounts versus actual amounts versus effectiveness.
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In each function,
changes in strategy (the big concepts) and in tactics (the implementation)
should be based on what the market is teaching and not primarily on
opportunities that just "pop up."
-
On the other hand,
opportunities that just pop up are not to be ignored – if they fit.
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There are no
guarantees that your in-place marketing, advertising, and selling programs
will work. (Before getting discouraged, bear in mind that this same
rule applies equally to your competition.)
-
Once you are convinced
that your market opportunity is bona fide and that your product or service
offering is competitively attractive in that market, plan and run these
three processes to find situations where the product or service offering
from your company "fits" with specific real customer prospects in your
targeted market. Since you can't know in advance where the right fit
will be, in most cases the right strategy is always to be expanding your
contact with the marketplace. And to "stick with it." Slow and
steady ongoing activity is the key. Crash campaigns,
on-again/off-again efforts, and crisis programs are generally not very
helpful.
Exhibit 4 :
The
First Rule of Advertising for Entrepreneurs
(type it in below)
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Clues you can
use
1
Advertising agencies are not all the same
2 Direct mail can be
effective for some types of products or services.
3
Value is important
in advertising messages.
4 Economical media
are not always the cheapest ones.
5 Repeat impressions
are essential. Repeat impressions are essential.
6 Testing your
marketing and advertising is critical before launching the full program.
7 Innovation (in
products and in ads) is, by itself, usually not very compelling.
8 Sales revenue is,
in fact, related to advertising dollars and effectiveness. Too bad.
9
Entrepreneurs should not try to be their own lawyer, accountant, or.... ad
agency.
10
Opportunities for promotion may not always match your nice plan. Seize
them anyway!
11 Retaining an
existing customer costs one fourth as much as landing a new one.
12 Decide what you
need to spend in order to succeed. Look at your competitors. (Smart,
huh?)
13 Internet
advertising is both intriguing and tricky.
14 Evaluate your
program as it happens and assume that it can always be improved.
The 14 clues
above should be sufficient for you to figure out the letters that go in the 14
blanks. Stick with it. |