Showing posts with label Fundamentals. Show all posts
Showing posts with label Fundamentals. Show all posts

Wednesday, 17 August 2011

Seven Selling Fundamentals That Create an Effective Sales Skills Set


There has been a time that we have all experienced, although a rare situation, where you totally surrendered to the selling skills, selling fundamentals, sales technique and enthusiasm of a true 'Sales Professional." You were convinced that you were not going to purchase, you made that decision on the way to the presentation. You just wanted to hear about the product, not buy it. During the sales presentation you began to rethink your resolve and thought that 'maybe there is something to this'.

By the end of presentation, you did not change your mind, but you made a new decision based on new information, that made you want to buy what the salesman was selling. It was masterful: the timing of the questions, the tone of voice, the amazing ability to listen to what you were really asking for. It was like poetry in motion. It seemed like that salesperson could read your mind - and wow - even understood your pain. We are helpless and totally at the mercy of the Sales Professional's defined sales technique and sequence and the most fascinating of all, we loved every moment of it! The sales process was effortless, enjoyable and we even spent more money than what we had originally planned.

Why? Because the level of sales professionalism made us feel that our needs were safe we could trust this person. We felt comfortable enough to be confident that this process would solve our problem and add value to our lives. You see, we love working with true professionals. We love buying from them because they make our lives easier. Even better, we love referring them because they make us look good. We tell their stories at dinner and we go out of our way to ensure that our friends and family use this salesperson.

Effective professional selling fundamentals are what make this 'Sales Professional' that good. To be compassionate about being a sales person, with the drive to become this effective, you should become familiar with the '7 Pillars of a Sales Professional'. You will build a solid foundation for professional growth with these effective selling fundamentals.

The Selling Fundamentals

The fundamentals of selling consist of a basic foundational sales skill set. These include features and benefits, hot buttons, closing, silence after asking for the sale, the law of averages, the 80/20 rule, the six money making activities, open ended questions, etc. It is virtually impossible to build a career as a sales professional with out this foundation. Returning to the fundamentals is the secret to getting out of selling slump.

Art of The Sale

Anyone can draw a picture of an apple, but an artist draws an apple so beautifully that you might pay to put it on your wall. Learning the fundamentals is a great start and will make a dramatic impact on your sales career and pocket book. Now add learning how to deliver those skills in the same way an artist makes a painting and see your results soar. The art of selling consists of the proper use of voice inflection, body language, presentation skills, timing of questions, use of silence, pace of speech, etc. Research shows that tone of voice and body language make up 93% of the impact we make on other people. It's NOT what you say, it's HOW you say it that matters.

The Psychology of Selling

All sales people face the same psychological challenges of facing rejection, insecurity, fear, call reluctance and procrastination. These are not logical problems but rather problems of emotional self-regulation. Pure will power can sometimes be suffice but when we fail to overcome these challenges it may be due to taking a purely logical approach (better time management) to solve emotional problems (lack of impulse control). The psychology of selling consists of coping strategies and tools to deal with the realities of being a salesperson and creates the proper mindset and winning beliefs of a "Sales Professional." This is a complex topic, which is why it is so difficult to master.

Generating Results Through Selling

This pillar is exciting because it offers the opportunity of taking a giant leap forward in generating results if applied correctly. By using key scientific methodologies understanding the role the human brain plays in making buying decisions, the Sales Professional can experience vast improvements in closing ratios and speed the trust building process with clients and referral partners. Plus, the results can be achieved on purpose every time by following the scientific process/methodology, versus crossing fingers and hoping that the gift of gab or instinct will get you by.

The Sales Objective

Sales professionals know exactly what their job is on a daily basis. They know what their objective is on every sales call and are comfortable driving the sales process because they are crystal clear on what step is next. Their clients find it easy to do business with them because they reduce the number of decisions the client needs to make, allowing them to focus on their business. The foundation of a defined sales process is made up of what I call the Six Money Making Activities: Prospecting, Setting Appointments, Presenting Value, Closing, After Care/Follow-up, and Referrals.

The Advanced Sales Strategies

Advanced Selling Strategies consist of creating leverage and compression, preemptive selling to eliminate all objections before they come up, and consultative selling. In essence, here you begin moving from $25/hr. activity to $2,500/hr. activity.

Sales Management

Create a lean sales accountability system. All of the first six pillars are, fundamentally, subject matter and skills that can be learned and honed by committed sales professionals. However, the key to bringing them all together and turning them into more income, is a lean system. This ensures all the right things happen, at the right time, every time, with minimal wasted effort and maximum benefit both to the customer and to the sales professional. Such a system should keep track of every one of your contacts as well as your current lead pipeline and then drive each lead through the Defined Sales Process (pillar 5) that you created to take advantage of best practices.

Contact management and CRM systems can be helpful here, but a lean work flow automation solution is the way to get it done right. Such a system brings accountability to how you are handling the leads in your pipeline and whether you are moving them through your Defined Sales Process at a pace and conversion ratio that ensures that you are consistently making money. With competition at an all time high and unskilled salespeople lowering their prices on a daily basis, Sales Professionals need to streamline their business, focus on highest payoff activities and still deliver more value than competitors. By defining your sales process and accountability system, you then can focus on creating the life and business you've always dreamed of.

Becoming familiar with, and using these professional selling fundamentals, generate confidence and creates personal pride in being a professional salesperson. Continue to educate yourself in your chosen profession. Go back to why you sell what you sell, and be willing to act on the care that you feel for your clients. Care enough to be unreasonable when they don't understand the value of what you are offering and ask again for the sale. The world needs professional salespeople who understand and can effectively use these selling fundamentals to sell the right things to the right people at the right time.




Rene F. Rodriguez. Rene is a member of the LoanToolbox Speaking Faculty and Chief Executive Officer of Volentum, a Management Consulting Firm that specializes in sales system creation, sales training, & change management, with significant expertise in applying brain research to improving results. Rene is a partner of Cross Media, LLC.





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Monday, 15 August 2011

The Fundamentals of Sales Management


Sales leaders and managers frequently talk about: hiring the right people, sales process mapping, sales strategy, sales force deployment and customer coverage, economic drivers of profit of the customer, sales force effectiveness, and sales compensation. The entire gamut of activities listed above and some more tasks form sales management. Selling is the vital activity of a company on which the question of very survival rests. And the entire process of selling involves these tasks that need proper management to ensure a cohesive selling process. After the research and development team has given a credible product to the manufacturing department and the product is out of the manufacturing pipeline, it's up to the sales team to take the product to the customers and exchange them for money and good will. The onus lies on the shoulders of the sales manager to strategize the sales process and methods so as to bring in the maximum possible revenue as well as forge enduring relationships with the customers. Selling through a team of sales people is possible when the sales manager knows how to manage the sales team to optimize their potential.

Treating the Sales People Well

What then is good sales management? It's something akin to the Southwest Airlines' model of sales management. When the entire airline industry is reeling under the blows of skyrocketing fuel prices they are the only airline to have registered profits in 2008. Instead of mulling over job cuts and travel fare hikes the managers have stood behind their sales staff and treated them like family. Whenever an employee had a problem or an employee had an issue with a customer the managers came to their rescue and together they sorted out the issue. They have followed the simple rule, "treat employees the way you wanted to be treated". That's the fundamental rule of sales management. A sales manager should be a mentor, guide, and a leader to their team.

Does the sales person shift their gaze to the side when they see a customer approaching? Do they suddenly remember that they have to restock merchandise instead of greeting the customer and getting interested in his needs? A Retail Customer Dissatisfaction Study conducted by Wharton's Jay H Baker Retail Initiative confirms that the biggest saboteur of profits is a disinterested sales force. When the customer is dissatisfied a good sales manager checks their sale staff first. Recruiting the right sales personnel, providing them adequate training, making all required knowledge accessible to them and motivating them to achieve their sales targets with enthusiasm - all falls under the ambit of responsibility of a sales manager. Half of the sales team management problems wouldn't arise in the first place if the recruitment process is solid and weeds out people that may turn out to be incompatible to the organization and a sales role.

The fundamentals of sales management includes first knowing the strengths and weaknesses of your team. Is each sales person on the team entrusted with the kind of sales they are capable of? Are they motivated enough to do well in good times and tackle the tough times? Is a sales person compensated well for their achievements? Does the sales manager listen to their suggestions and give feedback?

If there is a problem during a call the sales manager should go on "buddy calling". Buddy calling entails that the manager would accompany the sales person on a call but let them do the job and intervene when the going gets tough. This gives the manager insight in to the way that sales person works and the sales person learns from the manager - on the job.

Keeping the Sales Channel in Peak Condition

Is the sales process vibrant and functional? Has the prospecting been done correctly? Is everything from cold calls to closing deals moving smoothly? A good number of cold calls should lead to real sales when the sales process is effective. Are the sales people concentrating on the needs of the customer? Can the sales process be revamped? Is there an Internet based sales system present? How much selling should be apportioned to the Internet and how much should be accomplished physically? Is there a gap between what's promised to the customer and what is delivered? Is the delivery taking place in time? These are the things a sales manager should be examining constantly.

The fundamentals of sales management require the observance of some common sales fundamentals. The appearance of sales people should be smart and professional in accordance with the guidelines of the company. They should exude a certain level of confidence in their day-to-day jobs. There has to be proper guidance about prospecting and enough time should be allocated to each prospect based on their worthiness. Presentations and the closing of deals should be of top quality. Periodic training on presentation skill enhancement and personality development workshops improves the competencies of the sales people. All top sales managers spend a good amount of resources on training of their sales force.

It is also essential that sales management take in to account a comprehensive sales strategy. A sales manager should formulate a good sales strategy and execute it well. Execution is as important as strategizing. The role of synchronization - getting the right product to the right customer at the right time, cannot be undermined.

The fundamentals of sales management shouldn't be confused with something complicated but simple attention to the details in all activity related to sales. A liberal dose of humaneness and loads of common sense as well as a goal oriented approach form the basics of good sales management.




Doug Dvorak is the CEO of DMG Inc., a worldwide organization that assists clients with productivity training, corporate humor and workshops, as well as other aspects of sales and marketing management. Mr. Dvorak's clients are characterized as Fortune 1000 companies, small to medium businesses, civic organizations and service businesses. Mr. Dvorak has earned an international reputation for his powerful educational methods and motivational techniques, as well as his experience in all levels of business, corporate education and success training. http://www.dougdvorak.com





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