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Pro-Choice! 3 Steps to A Better Sales Process!

Posted on: July 11th, 2012 by Monika No Comments

In politics a very hot topic, but here it’s about giving your prospects a choice! A choice to say “Yes” or “No” quickly and safely.

Sales is a process, especially in a consultative sales environment and it starts with choosing the right prospect.

1) First, we need to research and target a prospective client company (Is it a good fit? Is it a good use of our time?)

2) Then we need to find the decision maker within that organization. Once we have that information, we can safely assume (looking from the outside in) that the person we are targeting could be a good prospect for our service offering.

3) The next step is to craft a message that will resonate. It should be succinct, to the point and relevant to our audience.

Recently, I was planning a trip to a southwest state capital. We are implementing a sales training program for a client in that area. My thinking was, why not tag on a number of sales meetings? This way I can make more use of my plane ticket and the 5-hour travel time.

While I was crafting my e-mail copy I remembered a best practice that I used a couple of years ago, but had forgotten since then. In one of my mastermind mentor groups we had recently discussed the importance of this practice for both the prospect as well as the service provider.

It is the art of having a prospect choose you based on selected criteria that you apply. It’s an easy way to get to a quick “no” if they don’t fit the criteria, but also a sure way for prospects who are a good fit for your service offering to select you.

Here is how it works.

In my email I pointed out that I would be traveling to the area where they are located at the end of the month. (First criteria: they need to be located in the area and available at that time)

Then I continued to describe what my clients generally have in common. Here’s a partial list:

1) Their revenue is at least $10Mio.

2) They are sales oriented and have at least one (ideally more) sales locations.

3) They embrace or would like to embrace a consultative sales approach.

May I share with you what happened?

I reached out to 50 companies. I had two responses and they both resulted in meetings. Qualified, good meetings.

One of the prospects immediately e-mailed me back saying,

“I got your e-mail, I visited your website and it looks like there could be a fit. Let’s meet”.

The reason why many of my existing clients are reluctant to do the “self-select” messaging, I believe, is a very simple and human one.

They are afraid to miss out.

And now that I think about it, that was probably the reason why I had “forgotten” my own best practice.

Deep down we all feel that quantity is one of the keys to success. The more, the better.

It’s what we have been taught. It’s all around us in the media, advertising, marketing.

Almost brainwashed! But not completely!

And it really couldn’t be further from the truth when it comes to utilizing a consultative sales model.

The more targeted your approach, the better. The more you invite rejection or silence (no responses), the higher the likelihood that the meetings you book will be of high quality.

Why? Because your prospects will be very clear of who you are looking for in a future client.

I would gladly add another day or two to meet with prospects on my training trip to the southwest.

It means potential new business!

If the meetings are not qualified however, it could end up being a waste of my precious, already strained time.  But most importantly, it could be a waste of my prospect’s time and leave a bad impression.

We’re here to serve – not to force ourselves on others. If we decide to be selective and targeted, our prospects will appreciate it and we will end up with better meetings.

BUT, there will be a lot of silence and the response rate will be a lot lower. On the other hand, you will be running a lot fewer empty miles.

For some sales people it’s hard to live in silence. Can you handle it?

5 tips on how to overcome the fear of cold calling

Posted on: May 15th, 2012 by Monika 1 Comment

It’s real. Cold Calling is scary to most sales people. In a consultative sales environment phone conversations are still a very effective way to develop new business. But, it’s like the fear of flying. While we consciously know that flying is still the safest way to travel, we always remember those planes that crash.

The fear of cold calling, or the reluctance to do it stems from the same fear. We are afraid of rejection, that somebody could hang up on us, or be nasty. It really doesn’t happen very often, but the fear is there.

So what is a sales person to do?

1)Research, research, research
The better you are prepared before picking up the phone, the higher your chances that your prospect will listen. As long as you are targeted in your approach and you know who your ideal prospects are there is really nothing to fear than fear itself.

2) Be personal and professional
There is this common expectation that sales people should be aggressive. In my experience, the more gentle, consultative and professional you are, the higher your success rate will be. Never treat anybody in any way other than the way you would like to be treated.

3) Listen, listen, listen
Don’t rattle off a pitch, but start with a casual introduction and then slowly shift into asking questions. The more information you can extract from your prospects (personal or professional), the better equipped you will be to follow up and build a relationship.

4) Be relevant and honest
It doesn’t make sense to talk prospects into a need. Your product or solution has to be a fit, otherwise you will waste your and your prospect’s time. If you find out that there is no current need, leave a good impression, try to be helpful if possible (by maybe providing an alternative solution) and get permission to stay in touch.

5) Pick up the phone!
Yes you heard me, just do it. There is just no way around it. Well scripted and written e-mails go a long way, but if you are selling in a consultative sales environment you won’t get around a phone call. Trust me, it will pay off!

And finally, get help! There is many coaches out there who are able to help. My company, the Consultative Sales Academy provides a Consultative Sales Certification.

Check it out at www.getsalescertified.com.