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Archive for August, 2007

Adverts Dont Work

Posted in Advertising

There’s a buzz going around the marketing world at the moment that "Most advertising does not work".

I have to disagree.

It should really read "Most advertising does not work because people do not know how to do it correctly!"

It really is a shame to see so many businesses waste thousands of pounds each year through ineffective advertising.

The amount of times that I have gone into a company and reviewed their advertisements, only to be amazed at how poor they are is very common.

WHAT IS THE PURPOSE OF YOUR AD?

This may seem obvious but what is the purpose of your ad? Is it to generate a lead? A sale? An enquiry? A request for a free report?

Once you know make sure that every word within your ad is geared around this.

Here’s a short example that maybe of interest to you:

I was called in to redesign and optimise the adverts of a service provider. Their adverts were geared up to generate lead enquiries either through telephone, email or tear off coupon.

For their advertising expenditure they were getting 1 lead per every £10 of advertising that they spent.

I changed just one thing on their advert, it took me 20 seconds to do it and this figure came down to 1 lead per £4.50!

Want to know what it was?

Well, instead of offering the reader multiple options of how to contact the company like phone numbers, email addresses, snail mail addresses and even fax numbers, we just set up an 0800 number with a pre-recorded message, put it in big bold lettering during and at the end of the advert and let nature run it’s course!

My client received double it’s response rate within the first 20 seconds of meeting me!

Posted: August 29th, 2007 | 298 Views | Email Post | Add comment

Pushing To Buy

Posted in Sean's Thoughts

When you believe in your heart in what you sell, the prospect can tell the difference.

A prospect can tell when a sales person begins to “push” for the sale because of selfish reasons; that is when the prospect gets annoyed and begins to feel pressured. 

However, when you are pushing the prospect and the person can see in your eyes, that you are pushing for their benefit; when the prospect can see that you are pushing from your heart, that is when the customer not only allows you to continue to push, but they thank you after the sale for pushing them and they become your best customers. 

Here is another question for you: When you make a sale, who do you believe will benefit the most from the sale? Who do you think will get the most out of the sale, in the long run: A – You, B – Your company or C the customer?  When you make a sale, who do you really think gets the best end of the deal, and be honest.  Do you think that your company actually gets the most or profits or benefits the most?

If you honestly can answer that you believe that your customer gets the best end of the stick, if you really feel that your commission will be spent in a few days and your company gets very little, but your customer will reap the benefits for years to come and that your customer gets the far better bargain, then shouldn’t you push them to buy? 

Posted: August 29th, 2007 | 301 Views | Email Post | Add comment

Curry Sales Lessons

Posted in Good Examples

My wife and I have been going to the same Indian Restuarant for the past 16 years, the exact same time that we have been together!

We’ve moved twice in that time too and now we live 20 miles away from the Dhaka Dynasty but we still make at least 1 or 2 trips there each month.

Here’s why:

- They made an awesome first impression when we first tried the restuarant. We didn’t have two pennies to rub together at the time but they treated us like VIP’s

- Today, they treat us exactly the same which is very impressive

- They have always called us by our names and have taken a real interest in us as a couple

- They know exactly what I like and what I don’t like. Often asking "The usual Sean?"

- They allow us to try dishes "On the house" as valued customers

- They always give us 2 or 3 extras with our meals whether that be a couple of naans, a samosa etc

- Once, when Donna and I turned up there was a queue out the door, we mingled with some of the people at the back of the queue and they said that they were told that there was a 1 hour waiting time. As we turned around to leave, the manager Abdul called us over and gave us both complimentary drinks at the bar and we got a table in 15 minutes

- When our daughter Holly was born, the first time we went for a meal, they made a real fuss of us and when the bill came they put a big cross through it and it said "congratulations from all of the team at the Dhaka - no charge"

So, why do they do this?

Well, I know from first hand experience that they understand the concept of the lifetime value of a customer. I was working out what we have spent there during past the 16 years and we eat there at least 12 times a year at around £40-£50. So we have spent £9,600! They understand the need to keep us coming back and so they really go the extra mile.

Do you understand how much your clients are worth to you?

What more can you do for them? In terms of the Dhaka, a free meal here or there is nothing compared to what we have put in their tills!

Learn these lessons and watch your sales soar

Sean Mc

Posted: August 24th, 2007 | 330 Views | Email Post | Add comment

Sales Recruitment Tip

Posted in Sales Recruitment

Whilst we specialise in sales training, coaching and consultancy we are very frequently asked, and especially myself for some reason, to help with either the recruitment of or the selection of sales people for organisations. And to tell you the truth I love it because I have seen it all with this!

The best and most effective interview question that I ask really seperates the "Consumate Sales Professional" from the wannbe.

Want to know what it is?

Well, after I have asked a series of well planned out questions I start getting in to "What would you do if…." mode and then I reach for any item within touching distance, place it on the table and say…

"Please sell this object to me" 

Now, what should you look for in the answer?

Well, all I want to know is whether they open with a question or whether they open with "Well, this item does this this and this and…."

If they ask a question to begin with then they have "passed" this little test and I’ll allow them to carry on to "sell" the item to me.

If they start puking up all over me with benefits and features, I’ll stop them in mid sentance and say "I don’t even want this product, so why are you telling me all this?" This proves a useful point.

Use it next time you interview someone and see what you get back!

Happy Selling

Sean Mc

Posted: August 22nd, 2007 | 338 Views | Email Post | Add comment

Mind Your Language

Posted in Communication Skills

Growing up in the 70’s and 80’s I always remember that my Nan always used to love watching a comedy programme called "Mind Your Language".

For those of you who do not remember the show it was about a night school class that taught English to ethnic minorities.

For those of you who do remember the show you are showing your age along with me!

Thinking back about the show I don’t think you would get away with airing the programme now in our very politically correct environment.

The reason why I mentioned that is because I was driving back home from Capital One Bank in Nottingham having just had a successful one on one coaching session and I was
reviewing over in my mind what we had just covered.

We were talking about the language patterns that he was using when communicating to people and how to improve this.

I said to him "You need to mind your language!" and hence I thought of that show!

Now, it’s not language as in swearing or slang or anything like that.

The language I mean is the intensity of the words that you use with your prospects and clients.

Let me give you an example from the session:

My client said to me that he wanted to talk about how good his team were to his boss and what their current workloads were like so that he could ask for an additional member of staff.

"I’m going to show him all of the work we complete and what achievements we have made and then I am going to ask him to attend an issues meeting with me to discuss the additional headcount"

"Issues meeting?" I said "That sounds like trouble to me?"

"Oh no" replied the client "I just want to go over my plan of what additional resource we need and why"

"So why are you calling it an issues meeting?" I said "Issues to me mean problems and BIG PROBLEMS at that"

"I don’t view issues as problems" said the client

"I appreciate that, but I DO and your boss might do as well"

The learning from that example:

You need to be very careful with the terminology that you use when communicating with people.

What do issues mean to you?

Small problems?

Big problems?

A challenge?

Niggly problems?

There are no right or wrong answers here It all depends on the meaning that you give to the word.

You see, if I were asked to an issues meeting I would think that we are going to cover some major issues!!!

If I were asked to attend "A meeting to discuss resourcing" I would know why I was attending and would have some idea of what we would be covering.

Let me give you an additional example of where the use of the wrong word can lead to all sorts of assumptions!

Many years ago, just before I set up MTD, I was project manager for a new company launch. Everything went so smoothly it was too good to be true and to be honest I was the talking point of the company of how well
the team had done under my leadership.

The Chief Exec flew over from Canada and sat me down to review what I had done.

"Yes, well done" he said "You did a reasonable job"

At that point I had to bite my lip!

"REASONABLE?" I thought "Is that all he can say REASONABLE?"

I was so angry it was unreal!!

"What sort of a word is reasonable?" I thought afterwards

Reasonable to me was never good enough, reasonable was not even a good job to me.

Well, to cut a long story short, I went to one of the break out areas for a "calming down coffee" and proceeded to tell one of my fellow Directors what had just happened who replied with..

"Reasonable? Is that what he said Sean?"

"Yes!" I said in a really miffed voice

"You got a reasonable out of MR X? - WOW, you must have done an awesome job! He never gives praise to anyone and when he says reasonable it’s the equivalent of AWESOME to us"

And with that I learned a lesson and I would like you to learn the same lesson as well…..

MIND YOUR LANGUAGE!

Be careful with the words that you personally use and be mindful of the words that others use to you.

What does good mean to you?

What does excellent mean to you?

What about reasonable?!

By saying the right words with the right tonality and inflection in your voice you can literally move mountains or start wars within your company and can AFFECT your sales dramatically in either direction!

Latch on to the kind of words your prospects and clients use and then use the exact same words

And on that note, all that’s left to be said is to have a great day………….if great means anything to you that is?

;-)

Live, love and laugh!
 
Sean

Posted: August 22nd, 2007 | 340 Views | Email Post | Add comment

Handling Objections

Posted in Objection Handling

3 Useful Objection Handling Tactics

When it comes to down to it, the way that you deal with your objections will either make or break the sale.

Now I know that you are dead busy so here are just 3 useful objection handling tools and phrases that you can start to use right now!

TACTIC # 1

SAY OTHER, "BIGGER AND BETTER" COMPANIES THAN THEM HAD THE SAME PROBLEM/OBJECTION

THEY SAY:

"I could see that element of your product being a problem for a us"

YOU SAY:

"Big Company Ltd (name drop to build credibility) thought exactly the same as you are right now. They used that particular part of the product to increase their revenues by a further 15% by doing XYZ"

TACTIC # 2

TESTIMONIALS THAT ANSWER THE OBJECTION FOR YOU

"We thought that the quote was too high but after using the product for 6 months now we are so glad that we didn’t pull out because of it as our costs have decreased by 22% in the
additional time that we have saved!"

TACTIC # 3

OUR EXPERIENCE HAS SHOWN…

Before an objection is raised cover it off!

"Our experience has shown that from the companies who have purchased the additional after sales support package for product XYZ that their IT support bill has reduced by an
average of 26%"

Be prepared for any objection and do your homework!

Stand out from the crowd of mediocrity and increase your sales!

Happy selling!

Sean Mc

Posted: August 21st, 2007 | 440 Views | Email Post | Add comment

“Coffee’s For Closers”

Posted in Something Different

I think we have all watched those movies that either act as a lesson or a warning when it comes to sales and business in general.

I’m thinking of Gordon Gheko in Wall Street and his "Greed is good" speech! I’m talking about Boiler Room and Ben Affleck’s "Group Sales Interview" speech - whilst I am sure we would all love to give that speech, in reality we’d be dragged across the hot coals by HR and personell if we did!

And then there is Alec Baldwin’s "Coffee’s for closers only" speech in the movie Glengarry Glen Ross. Alec Baldwin is from HQ and he is sent to "Motivate" and to kick in to action a bunch of real estate salepeople.

It’s enthralling watching. I wonder if you have ever come across any sales managers like this? Hopefully not!

Happy Selling

Sean Mc 

There’s strong language so be warned:

 

Posted: August 21st, 2007 | 356 Views | Email Post | Add comment

Sales Copy Nuggets

Posted in Sales Copy

Here are some top tips when writing sales copy:

"The headlines and sub headlines that you write will make or break your copy. You need to create curiosity and the desire for them to read on!"

"Focus on benefits and what your products and services will do for your prospect/client"

"Use bullet points to explain features and benefits rather than lots of text. It looks better and will be more easily consumed by the reader"
 
"Great copy focuses on the problems that your readers have and the way that your solution will solve it for them"
 
"Make sure that you include comments from satisfied customers within your copy. It builds social proof and credibility"

Posted: August 20th, 2007 | 358 Views | Email Post | Add comment

Door To Door Script

Posted in Sales Tips

I received an email from one of my newsletter subscribers who wanted to go "door to door" to drum up some sales:

Hi Sean,
            I work as a will consultant for a large company and to drum up some extra business over the next 6 weeks I have decided to cold call (door to door)potential clients in my area.Now when clients comes to there door and see`s me I plan to show them my ID card and say My name is XYZ From XXXX  XXXXXX legal Services,I provide peace of mind for people of ages by proving them with a  will writing service in the comfort of their own home. Our company currently has a special offer whereby you can have your will drafted for (£59single will/£79.00 double will).All you need to do to take advantage of this offer is to make an appointment to see me with in the next 14 days.What happens is that I call round to your home and take your instruction for the drafting of your will,send this to our head office then your will,will be sent to you in the post 30 Days later as a legal document ready to be signed and witnessed.
Now would you like to make an appointment to have your will drafted…………
 
Sean,What do you think of my OPENING script and could you recommend any ways of improving it. Your help/guidance would be truly appreciated.
Here are my thoughts on this:
This opening script is too long and cumbersome

Keep it to the point:

"Hello there, sorry for disturbing you, my name is ABC from XYZ services (show card). We’re currently running a special promotion within your area for peace of mind will writing services – could I just ask whether you have got a will in place so your loved ones are covered?"

Always end an opening script with a question.

THEY SAY NO

Then go on to talk about setting up an appointment etc. Think about your objectives. If they are interested why not "close" the deal there and then to save time and to strike while the iron is hot!

Hope that helps

Sean

Posted: August 20th, 2007 | 380 Views | Email Post | Add comment

Managing Accounts Tips

Posted in Account Management

I received an email last week from Trevor Borrows who is a newly appointed National Sales Manager in charge of a team of Account Managers.

__________________________________________________

Here’s what Trevor asked:

"Hi Sean, being a new National Sales Manager I need to understand how to develop account strategies. I’m really wet behind the ears with this.

I appreciate that you run courses around this and I will be asking you to come in and help us to put strategies in place and then to train my team in account management best
practices but for now, could you give me some guidance whilst I secure the funding? Thanks Trev Borrows"

__________________________________________________

My exact reply was:

Hi Trevor,

There are various labels that can be used to describe the way a sales team is set up to approach its market, covering the sales approach and parts of the structure.

The "traditional" approach:

- Get new accounts
- Get the order
- Push for the option to discount
- Give extra services etc to get the sale
- Treat all accounts the same way
- Sell to anyone
- Think that everyone in the organisation should fit around your
   promises to customers
- Feel that certain internal functions are a nuisance and only
  there to block sales.
- "Lone ranger" mentality

 
Relationship selling

- Manage existing accounts
- Develop wider contacts
- Focus on service and support
- Create a sense of partnership
- Can see everything from the customer’s point of view
- Inclined to want (or need!) to be liked

Consultative selling

- Can add value, not just talk about it
- Knows customer and their industry very well
- Probes and questions to explore issues
- Keeps learning and developing
- Harnesses team to work together with the client
- Works on a business partnership basis – supported by personal
  relationships where appropriate

Which describes your approach?

A bit of everything maybe?

To go forward into the future with confidence and success your team has to be geared towards working with profitable accounts. 

This involves the following:

* Account selection
* Account retention
* Account dominance (becoming the preferred supplier)
* Getting the price
* Managing the selling and service cost

Account selection:
Identify, and develop the relationships, with accounts you want to do business with – and who may want to do business with you.  Too many sales people chase accounts where there
is not a good fit or who will never buy.  Part of this is having the skills to know which business to not do.

Account retention
This is the key to real profitability – if managed properly. 
The better the relationship then both parties know how to work together and so costs are reduced.  The costs of acquisition become absorbed and so the relative and actual profit increase. 

Account dominance
If you can get to the position of being the dominant supplier, then the account becomes even more profitable.  Most major organisations either choose to, or have to, multi-source and
will often split business between 3 providers.  However, this is often done unequally and major supplier often has a number of advantages in terms of prices and profitability.

Getting the price
The professional sales force need to be able to understand their pricing and also the costs involved in servicing the client. The need to have a grasp of the cost of their own time, what it
means when they offer "specials" and trials to clients and how all of these effect the bottom line.  Learning to negotiate is key!

Managing the selling and service cost
This links closely with the previous point.  The professional seller is careful about this and ensures that they do not over-commit themselves or the company and hit the profitability of the account.

We can cover all of the above during our training but your new approach needs to:

- Identify and focus on the potential high profit accounts

- Retain existing accounts

- Aim to become the principle of preferred supplier

- Manage each account for the long-term business and profitability

- Price for profit

- Understand the cost implications – and manage the accounts for profit

To help this – follow these points:

- Get aligned with the customer on their fundamental business issues

- Keep the aim on a long-term relationship

- Customise solutions to meet the customer’s particular needs, using technology when you can

- Constantly learn about the customer, their business and their needs as they change – and be willing to adapt to those

Thanks again Trevor, I look forward to hearing from you shortly

Sean Mc

Posted: August 19th, 2007 | 341 Views | Email Post | Add comment

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