Archive for the ‘Sales’ Category

DELIVERING a REMARKABLE CLIENT EXPERIENCE: 12 BIG QUESTIONS

Monday, August 16th, 2010

So we are smart enough to talk less and listen more (yeah right!)?

So let’s assume we are listening…

How can you drive a REMARKABLE CLIENT EXPERIENCE?

Try these questions out… and more importantly… add to!

  1. What is your ultimate direction for the business?
  2. What are your most important objectives and priorities with this direction?
  3. Where are the successes in business you are most proud of?
  4. What are the 2-3 key elements in your business which have led to its successes?
  5. What are the biggest opportunities to take advantage of?
  6. Where do you need the most help?
  7. Who is guiding and owning this initiative?
  8. What are the resources you can commit to supporting your most important outcomes?
  9. What are the other competing priorities?
  10. Why is this a MUST do/have/be for the business?
  11. When do you have to have this by?
  12. Is there anything I am missing?

And seriously… what else are WE missing?  We would love to hear!

Joe

It’s sometimes NOT about the data!

Sunday, August 1st, 2010

It’s sometimes NOT about the data!

So I was talking with a client the other day whose $40 million dollar company has more data/servers/ERP systems/ etc then pretty much anything this side of Amazon or Zappos (funny that they’re the same thing now) and we got into a solid discussion of how we can cut our data up in so many different ways to help our sales team be more effective, efficient and drive more revenue.

After hours of slicing and dicing the data we had some interesting results that we planned to dig into BUT that’s when the real conversation began. And it started with,”Sometimes it’s NOT about the data!”
Ford
Proctor and Gamble
Goldman Sachs
• Even IBM
All started without one thing in common, computers! So how did they grow and become the leaders in their sectors? Simple, by getting out and talking to their clients.   (This may seem like a common theme to our Client Experience topic… and it is!)

I know it seems easier for a lot of us to sit back and look at our CRM systems and our weekly /monthly sales reports (you do have reports don’t you) but when was the last time you spent time with your biggest client? Your newest client? Your oldest Client?

The real question then becomes, what did you do with what your clients said? That’s the data you need to worry about and trust me no computer solution will deliver that to you.

Be Your Best,

Jeremy

How do you get rid of the FUD?

Wednesday, June 16th, 2010

confused look

Recently the CEO of one of our newest clients told his team to have no F.U.D.

I like to think I’m hip to current business terms, but I’d never heard this one before.   F.U.D.?    For those of you with me in the unenlightened corner of the room, it stands for:

FEAR

UNCERTAINTY

DOUBT

This is a great way to frame out what often stands in the way of success.

Almost every Microsoft Partner wants to grow or wants to try new sales and marketing initiatives.  Most keep falling short. Why? Because people don’t like to change. Why? Because people don’t like to fail.

Fear of failure leads to uncertainty and doubt, which in turn leads to hesitation and inaction. Usually we know what we ought to do; we just don’t do it.  And yeah, there are always reasons:  time, money, resources, etc.  But what’s the real reason we’re not doing the things we know would make a difference?   F.U.D. plain and simple.

Stop for one moment and ask yourself: What would you attempt if you knew you could not fail? For those brave Partners willing to fight the gravitational pull of the status quo, persist through resistance to change, and really step up, we can tell you how to create urgency, build momentum and revolutionize your sales. We’re not talking about dumb affirmations or time-worn techniques to change.  We’re talking about what it actually takes to overcome F.U.D. and create a lasting revolution in your sales.

The Three C’s of Successful Change

What it takes to effect real and lasting change in yourself, your organization and your sales are The Three C’s:

CERTAINTY

CLARITY

COMMITMENT

I know the alliteration here makes this sound kind of slogan-y, but I assure you this is way more than a slogan.   With Certainty in direction, Clarity about what matters most and Commitment to see your own direction, vision and goals happen, you can and will succeed in growing your organization

Here’s how it works:

#1:  Be CERTAIN in Your Mindset

Getting results begins with mindset. In nearly every sales organization you will typically see that two sales people in 10 are generating 80 percent of the company’s revenue. This is known as the 80/20 rule, or the Pareto Principle.

Despite the fact that the processes, procedures, call scripts, brochures, Power- Point presentations and Web sites are the same for everyone in the department, only two in 10 are putting up the big numbers.

Why? The achievement model rests on mindset. With the right mindset, almost any set of processes aimed at developing new business will work.

A Mindset Case Study

A Microsoft Partner had one particular sales office that was doing quite poorly.  Sure the economy is as bad as it’s been in recent memory, but the other offices were holding their own.   Like any good leadership team, the executives reviewing the numbers chose to hold the sales team accountable.  And they did it in just the right way.

The folks at corporate could have sent in a heavy to lambaste the team, or could have sent in a “rah-rah” sales trainer to rev them up.  They could have labeled it a regional phenomenon or they could have blamed it on the economy.   They could have re-engineered their processes — except they were working for every other office. What they did was none of these.

The Achievement Model

Luckily for the struggling sales office, their leaders  understood the achievement model:  Mindset + Process = Results. The execs knew their processes worked, so the problem had to lie in the mindset element of the equation.

And so it did.  Turns out, the struggling regional sales office believed they could not sell in the market environment they were faced with.  And, wouldn’t you know it, because of that belief, they indeed could not sell in their market environment.

Responsibility – BeThe Cause. Changing anything begins with taking responsibility.  If you want results, you start by taking responsibility.  The regional sales office chose to stop acting like victims and to “BeTheCause” of their own success.  “BeCause” they were willing — individually and as a group  –to look in the mirror, take responsibility and shift their mindset, they were able to literally transform their office, performance and results.  Ninety days from the moment they chose to “Be the Cause” of their success, their sales were up 70 percent, and are still holding steady.

What changed? The processes and the circumstances didn’t change, only their mindset did — and the results were phenomenal.

Where does “Certainty” come in to play?  It is the requirement for a true mindset shift.  “Ummm . . .  yeah . . .  well. . . maybe . . . ” doesn’t get the job done.  If the sales team was only half-convinced that it wasn’t the economy or the market that was responsible for their low numbers, the dramatic improvement we saw would not have taken place.  Before anything could happen, they needed to know beyond a shadow of a doubt that an increase in the sales numbers was absolutely within their control, and was absolutely their responsibility.  It required 100% certainty. Once they got to certainty, their mindset delivered results.

Success is attainable and sustainable through focusing on mindset first and then performing the processes that produce the desired outcomes. This has been demonstrated over and over and over.  Michael Jordan, Martin Luther King, Gandhi, the NASA moon project and the Declaration of Independence are all great examples.

So why hasn’t this knowledge completely transformed sales teams and sales training the world over?  BeCause, as Aristotle observed, “The hardest victory is over one’s self.”   The mindset of certainty and responsibility is not so easily won. Companies are made of people who don’t want to do the hard work of taking responsibility for earning a victory over themselves.

Eighty percent of any sales team is usually engaged in some battle with themselves. The enemy is self-defeating thoughts like, “He’s probably not at his desk. She’s tired of hearing from me. We don’t have anything new to offer them. We’re too expensive. The economy stinks. Our market stinks. My competition has already been in there. I don’t have the right collaterals. Our business cards are horrible.”

Notice that these statements have one thing in common – they all put the blame somewhere else. The 20- percenters don’t do this. They are certain that they can choose to “Be the Cause” of their success, and then they employ the processes that work. It’s a simple equation:   Mindset + Process = Results.

#2: Get CLARITY about your Tipping Point

The key to faster results in the selling arena is to identify the one concentrated activity that creates the majority of your sales. This activity is known as your “Tipping Point” — and it is the single most important thing you can do.

The Tipping Point concept can be understood within the context of the Paredo Principle (the 80/20 Rule). Your Tipping Point is the 20 percent of activity that can create 80 percent of your production. Finding your Tipping Point in selling is the key to faster results.

How do you figure out what your Tipping Point is? The first step is determining what doesn’t work. Assess all of the daily activities you do and be honest about which are not working for you. Stop doing them and start trying new things. Most important, never let perfect ruin good. Everyone wants perfection, but sometimes striving for perfection actually becomes the focus, and that will slow you down.  If you have a “very good” draft of the proposal that needs to be sent out, send it. You don’t have to spend four more hours trying to make it perfect. If you accept this philosophy, you are on your way to finding your Tipping Point.

In Malcolm Gladwell’s bestseller, The Tipping Point, there is a great story about the subway system in New York City, which was a breeding ground for violent crime. With felonies at an all time high, the city hired a new chief of transit police, William Bratton, to turn things around. The first thing that Bratton cracked down on was fare-beating. An estimated 170,000 people were riding the subway every day without paying the fare.  Because there was only $1.25 at stake, the transit police hadn’t felt it was worth their time to pursue it, particularly when there were more serious crimes such as rape and murder occurring.  But Bratton changed all that.

He directed the cops to start busting fare-beaters one by one, handcuff them, and leave them standing in a “chain gang” on the platform until they had a full catch. The idea was to send a signal to the public that the transit police were cracking down on crime. Bratton also insisted that a background check be run on all of those arrested. It turned out that one out of seven arrestees had an outstanding warrant for a previous crime, and one out of 20 was carrying a weapon of some sort.

After a while, the bad guys wised up and began to leave their weapons at home and pay their fares.  Astonishingly, violent felony crime dropped as a result.

Bratton focused on the smallest misdemeanor infractions, yet the felony violent crime rate fell significantly.  How did that work? Turns out minor and insignificant crimes were the Tipping Points for violent crime. Bratton believed that the epidemic of violent crime could be reversed or “tipped” by dealing with the smallest of crimes. And he was right.

Some examples of Tipping Points for sales professionals include: being out of the office from 10 to 4 daily, making 50 cold calls a day and journaling. These activities seem simple – maybe even frivolous — but just as cracking down on fare-beaters tipped the violent crime rate in NYC, these activities can tip the results for selling success.

To find your own Tipping Point, grab a piece of paper and go to a quiet place. Write down EVERY activity you do in a typical week that is related to sales. Decide which are the most effective activities. Pick ONE and try it as your Tipping Point. Commit to doing it daily for three weeks. Why three weeks? Because research has proven that it takes three weeks to develop a new habit. If the activity you chose drives your sales performance, it’s a Tipping Point. If not, pick another activity and start the process over. Keep going until you find your Tipping Point. Once you’ve found it, make it a habit for life.

The key to the Tipping Point concept is to use it. Commit to doing it on a daily basis, no matter what. Make it a priority, even if it is the only thing that you can get done in a day.  You’ll be impressed with the difference it makes.

#3: Make a real COMMITMENT — and stay the course

You might have noticed how many times the words “commit” or “commitment” appeared in that last section.  In a recent conversation with one of our favorite clients, it dawned on me.  The tortoise was right – slow and steady often does win the race.

But for the Type A’s reading this (I’m a proud member of this tribe and so are lots of sales people), how can you tell us that by slowing down we can actually get more done and get more right?  We simply don’t get that.  And yet, there are hundreds of adages that reinforce this wisdom over and over.

One of my mentors recently said to me, “Joe, it’s not just about doing more with less… but the less that matters more.”  We’ve all read that mastery is not about doing 4000 things 7 times… but about doing 7 things 4000 times. And then there’s the Chinese Bamboo Story.

If you plant a bamboo sprout in the ground, for four or five years (sometimes longer) nothing happens. You water and fertilize, water and fertilize —but you see no visible evidence that anything is happening. Then, along comes year five. In a six-week period the Chinese bamboo tree grows to a staggering 90 feet tall! World Book Encyclopedia records that one bamboo plant can grow three feet in a 24-hour period. It seems incredible that a plant that lies dormant for years can suddenly explode with growth, but it happens without fail with bamboo trees.

The same principle sometimes holds true for us.

If you are certain of your processes, have the right mindset, and have clarity about which activities produce real results, then stay committed and stay the course.  Have the patience and trust that the roots you’re tending will indeed produce stunning growth.  Everyone wants what they want NOW – the real question is can you have the patience, commitment and trust to see it through?

Continue to push yourself through F.U.D., by focusing on the 3 C’s. . . and watch what happens!

SALES TRAINING 101: means needs vs.ends needs

Thursday, April 1st, 2010

When you can recognize the difference, you can turn one-off relationships into long-term clients and trusted advisors…

What people think they want vs what they need, right?

How could we possibly presume to know what our clients need, even above what they think they need and what they say they need?

We know because we ask – and we listen – DUH!

There are means needs and there are ends needs. Means needs surface in companies as problems that need to be solved. These problems can be either tactical or strategic, but if you’re focused on solving means needs, you’ll find yourself “closing deals” rather than “enrolling clients.”

If you go into your prospect’s office and accept what he or she has represented to be “the problem,” and you close the deal by solving the problem, then the door closes behind you when you leave. You’re going to have to open it again to get the next deal done, and that’s if someone else doesn’t get there before you to ask, “What’s next?” See, in this situation, with this mindset, your solution was a means to an end (or a step toward an outcome) of which you may not have even been aware.

Again, means needs are about solving tactical and strategic problems. Ends needs are about helping organizations achieve their missions and reach their goals. Now which would you rather your solution be associated with? The ends need, of course. And so would the client.

People are much more emotionally connected to their ends need (mission and goals) than their means need (the immediate problem) – and much more connected to you when you are helping them reach their ends need and achieve their outcomes. Demonstrate to them that you understand their outcome and provide a solution that helps them reach it, and you’re a partner. Close them on the first problem they were willing to reveal and you’re a vendor.

The first need that a prospect reveals is almost always a means need and hardly ever the only need for three reasons:

1. The prospect doesn’t know what the ends need is.

2. The prospect is not ready to reveal the ends need b/c you have not built enough trust.

3. You have not asked the right questions.

Your mission is to find out what the prospect really needs versus what he or she thinks and says the need is. Your mission is to discover the need and help the prospect achieve the mission. Your goal is to help the prospect achieve his or her goals.

Are you ready to Revolutionize Your Sales?

Joe

Someone You Know Says: “I Didn’t Know You Did That?”

Thursday, March 4th, 2010

Boy look up and scratches his head

Let’s be honest, how many times does someone who knows you fairly well still say, “I didn’t know you did that?”

For whatever its worth, entreQuest has been around for more than nine years and my PARENTS are still trying to figure out what I do every day.

So what does this mean?

Possible several things:
1.      People don’t like you. (sorry loser)
2.      They don’t want to know what you do. (probably a bigger loser than #1)
3.      You have told them and they forgot. (you weren’t memorable)
4.      You have told them but they weren’t listening. (you weren’t engaging)
5.      You have told them in a way that wasn’t COMPLETELY clear. (you mumble)

Here is the reality – it doesn’t matter whether it’s #1, #4 or all of the above, your job in sales, business development or as the owner of a  business is to educate and communicate to your community.  The only to know you have done this successfully is if your business is growing via word-of-mouth or reputation based lead generation.

Ask any teacher, education and communication is not an event but a process.

So the question is, how are you educating your community on an on-going basis and not a one-time event?

At entreQuest, we look for a few things:
1.      How can you help them first? (try listening)
2.      How can you be more interested in them vs. the other way around? (try listening more)
3.      Use all forms of media and mediums: in-person, phone, email, social media, blogs, videos, SMS and anything else you can get our hands on. (keep listening but keep it interesting for them to read)

Past this, have patience with people that you have yet to do a GREAT job of educating.  Old studies would say it takes seven times to get your message across for people to buy.

All I know is whether its seven times or 70, communication is the response you get back.  So if people aren’t responding to you – re-read the above – 70 times!

Be YOUR best,

Joe

Pay It Forward

Tuesday, July 14th, 2009

I have a belief that, the more you give, the more you get.  So I have no problem sitting down with somebody who is authentically seeking help and giving them a free education, even if there is really no chance that they are going to reciprocate.  Our initial mentor in this business taught us this.

When we first started the company in 2001, a friend recommended him as somebody we really needed to talk to, even though we were theoretically a competitor of his.  He was light years ahead of us, but we were still a competitor.  Joe happened to be in Boston on business, so he made the call and said, “I’d really like to pick your brain.”  He said, “Come on up.”  It was about a $120 cab ride to get there.  I remember Joe called me and said this is going to cost about $240 round trip, but I can’t get to a car, but I think it’s worth it.  So we did it.  At that time, $240 was a huge deal.  But Joe spent a couple of hours with him.  He gave us sample proposals, contracts, outlines and spreadsheets – everything we needed. The only thing he asked in reciprocation was, “If you are ever in a position to do this for somebody who is starting out in business, do it.”

So I will always take those meetings, even if I know that there is not going to be a reciprocation.

Upselling a Bad Economy into a Good Opportunity

Tuesday, April 21st, 2009

People do NOT stop spending money.

Even in the toughest of economic times, people do NOT stop spending money.

So it makes sense that if people do NOT stop spending money, businesses do NOT have to stop making money.

Though it could be deduced that the United States – both the public and private sectors – failed to learn enough from past recessions in order to prevent the current one the country is facing, so much can be learned from history. As it turns out, Darwin’s “survival of the fittest” theory is not confined to the nature of biology books. Some of the most valuable lessons can be learned from the companies that made the endangered species list during past times of economic strife in America. Ultimately, weak companies that made weak decisions went extinct.

Smart companies, however, adapted to the current climate, they evolved, and they continued to grow for generations. They prepared properly by making wise but difficult decisions – where to focus, what to sacrifice, who to empower, how to leverage what they had, and why to maintain a winning mindset during a period increasingly characterized by failure.

In facing the question of when it is time to toughen up their business for a tough economy, smart companies know only one answer – NOW.

10-20-30 Rule (not the message, just the messenger here)

Wednesday, April 15th, 2009

As sales professionals and leaders we are often tasked with giving presentations. I strongly recommend the Guy Kawasaki 10-20-30 rule whenever you use PowerPoint (or keynote)1.) Here is a link to Guy Kawasaki’s blog that explains it: http://blog.guykawasaki.com/2005/12/the_102030_rule.html (btw this is a great blog to follow) 2.) Here is a link to a video of Guy explaining his rule (less than 2 minutes) http://www.youtube.com/watch?v=liQLdRk0ZiwWhat are other rules of thumb you have seen work well while using Powerpoint?
Keep Crushin’ it,
Jeremy