One of the key roles of a business owner is to be the chief salesperson for the business itself, and in many instances this role also includes being the chief salesperson to the largest and most important customers.
Some business owners are very competent in one or both of these sales roles, but for many who do not have sales or marketing backgrounds, and even some who do, the necessity for them to perform these roles can often be quite challenging, and they often find that the efforts that they do put in, deliver less than optimal results.
Regardless of their backgrounds, all business owners can improve their sales performance if they remember the old adage “God gave you two ears and only one mouth, use them in that proportion, if you wish to be successful”.
When you are in front of a prospective customer or client for the first time, how much air time do you give to them? If the ration is not at least 70% of the time you spend with them, you are more than likely talking yourself out of a lot of new business.
How often do you interrupt your prospective customer or client during an average first interaction? Any interruption is a bad mistake. Apart from being seen as rude behaviour, the chances are high that you will not discover a key piece of information, which could help you win the business.
If a prospective customer or client says something you disagree with strongly, are you able to hold off countering with an argument before they have fully expressed their views? If you can't, you will establish the climate for multiple objections to your offering, as well as perhaps missing a hot button or two that you could later push to win the business.
Do you constantly intersperse your presentations with personal stories? Whilst personalising your presentation and building rapport in the initial phase of the first meeting is good form, constant story telling throughout a presentation wastes time, and can easily divert the dialogue away from the business at hand.
Are you a great finisher of other people's sentences? If you are, you will frustrate your prospective customer or client who will see you as a rude, unlikeable person with whom they will not want to do business on a long term basis. You will also be more often wrong than right in your assumptions, as to what they were about to say.
Do you clearly convey to your prospective customer or client your impatience for them to finish speaking so that you can make your point? This is a deadly habit as your prospect knows you are not listening to anything they are saying to you while you are rehearsing in your mind your response to what they said at an earlier point in their dialogue.
Whilst not regularly acknowledged, your eyes are also a tool to enhance communication and you need to be careful that yours don’t bore into your prospective customer or clients eyes like laser beams on full and continuous power. It is easy to overdo eye contact, and this will create tension in the person being subjected to such scrutiny, and this tension will usually block effective communication.
If you improve your listening skills in each of the above areas you will remove a significant barrier between yourself and your potential customers or clients thereby allowing you to more easily establish constructive relationships, which in turn will lead to far more successful business outcomes.
How many of these common listening mistakes are you currently making by force of habit?
When did you last do any training to improve your listening skills?
If you were to remove these listening mistakes completely from your sales presentations, what effect would that have on your closing ratios for new business, and what would this mean in terms of additional revenue for your business?
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This blog features the writings of Daniel Watson B.Bus.(B.A.), AIMM, MAICD, Managing Director of Rhodan Management Consultants Pty. Ltd.(Est.1994). It will focus primarily on providing food for thought for SME business owners wanting to grow their businesses, but will also impart the unique insights into business and life that Daniel Watson has developed over more than 3 decades as a company director, general manager, management consultant, sales manager, and business development manager.
About Me
- Daniel Watson
- Melbourne, Victoria, Australia
- Born in the mid 1950's and raised in a very small country town situated in Northern Victoria. Resident of Melbourne since 1980 and happy to stay living in one of the world's most liveable cities. You can view my professional profile at http://www.linkedin/in/danielwatson
Showing posts with label sales team productivity. Show all posts
Showing posts with label sales team productivity. Show all posts
Tuesday, October 20, 2009
Learn to Sell with Your Ears
Labels:
business owner,
business owners,
business tips,
lead conversion,
listening,
listening skills,
sales competencies,
sales performance,
sales team productivity,
tips for business success
Tuesday, August 25, 2009
Rapidly Improve Lead to Customer Conversion Rates
As a business owner, you need to clearly understand and ensure that all charged with converting your hard to generate sales leads into valuable customers for your business, clearly understand and apply a set of sequential steps which, if followed religiously, will generate far more sales and make each member of your sales team more productive.
These 7 steps address standard buyer behaviour, and it is important that each step be used and that the next step is not tackled until the potential customer is clearly ready to move up to the next step.
The first step is to establish if there is actually a real need for whatever you are offering. If you can’t get the customer to agree that they have a real need for what you are offering, don’t waste any further time trying to sell them. Simply get their details and agreement to be added to your mailing list, and move on to another prospect.
The second step is to get them to acknowledge the effect that meeting their need will have on them personally. As you have already established the potential customer has a need for your offering, you must determine what it will mean for them personally if this need is able to be satisfied by your offering.
The third step is to instil a fear of the situation continuing to worsen over time. In this step you simply up the ante on the last step, and reinforce how it will continue to affect them personally, if they don’t immediately meet the need they have identified for your offering, and then get them to agree that this will be the case.
The fourth step is to help the potential customer realise that they have a compelling need for change. Having laid the ground work in the previous two steps, this step should be easy for any accomplished salesperson. Simply put, the potential customer needs to be led to the point where they acknowledge that it makes no sense to continue to put up with their current situation.
The fifth step is to lead the potential customer to the point where there is now a clear demand for an improvement in their situation. At this step, the potential customer needs to be helped to paint a picture in their mind, of how their situation will look when they implement the change that your offering will bring to their world.
The sixth step is to give them hope for a better future by suggesting that there are a range of solutions for the burden that they presently carry. This is where you outline the possibilities they might embrace in order to get relief from the pressing need they now have to improve their worsening situation and also determine the level of investment they are willing to make to resolve their situation.
The seventh and final step is to show them how you can deliver the solution for your customer now that you know they have a genuine need for your offering, are ready to take action to satisfy the need, and have indicated how much they are willing to spend to get the relief from the burden they have been carrying. Then you can confidently and quickly close the sale, and move on to the next potential customer.
Are you clear on the importance of each of these 7 steps and why they must be sequential and why you should not move off any step until the potential customer has clearly indicated that they are at the position where you can move them on without losing them?
In your business, are these 7 steps rigorously practiced with all new leads that come into your business?
How much more revenue could your business be generating if these 7 steps were competently practiced on every occasion by well drilled sales staff?
These 7 steps address standard buyer behaviour, and it is important that each step be used and that the next step is not tackled until the potential customer is clearly ready to move up to the next step.
The first step is to establish if there is actually a real need for whatever you are offering. If you can’t get the customer to agree that they have a real need for what you are offering, don’t waste any further time trying to sell them. Simply get their details and agreement to be added to your mailing list, and move on to another prospect.
The second step is to get them to acknowledge the effect that meeting their need will have on them personally. As you have already established the potential customer has a need for your offering, you must determine what it will mean for them personally if this need is able to be satisfied by your offering.
The third step is to instil a fear of the situation continuing to worsen over time. In this step you simply up the ante on the last step, and reinforce how it will continue to affect them personally, if they don’t immediately meet the need they have identified for your offering, and then get them to agree that this will be the case.
The fourth step is to help the potential customer realise that they have a compelling need for change. Having laid the ground work in the previous two steps, this step should be easy for any accomplished salesperson. Simply put, the potential customer needs to be led to the point where they acknowledge that it makes no sense to continue to put up with their current situation.
The fifth step is to lead the potential customer to the point where there is now a clear demand for an improvement in their situation. At this step, the potential customer needs to be helped to paint a picture in their mind, of how their situation will look when they implement the change that your offering will bring to their world.
The sixth step is to give them hope for a better future by suggesting that there are a range of solutions for the burden that they presently carry. This is where you outline the possibilities they might embrace in order to get relief from the pressing need they now have to improve their worsening situation and also determine the level of investment they are willing to make to resolve their situation.
The seventh and final step is to show them how you can deliver the solution for your customer now that you know they have a genuine need for your offering, are ready to take action to satisfy the need, and have indicated how much they are willing to spend to get the relief from the burden they have been carrying. Then you can confidently and quickly close the sale, and move on to the next potential customer.
Are you clear on the importance of each of these 7 steps and why they must be sequential and why you should not move off any step until the potential customer has clearly indicated that they are at the position where you can move them on without losing them?
In your business, are these 7 steps rigorously practiced with all new leads that come into your business?
How much more revenue could your business be generating if these 7 steps were competently practiced on every occasion by well drilled sales staff?
Labels:
business owner,
buyer behaviour,
conversion rates,
lead conversion,
revenue generation,
sales performance,
sales team productivity
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