Tuesday, April 17, 2007

How To Differentiate Anything - Including Your Products

You will always command a higher price if your product is better than your competitor's product.

The first step to becoming better is being different. This is easy to say and hard to do.

If you believe any of your products are commodities you probably don't understand the last sentence.

Products don't turn themselves into commodities - salespeople do it.

If you truly believe in the concept of differentiation - there are simply no commodities on this planet.

You have it all wrong if you believe your customers buy your products because they believe your products are unique in some ways.

What really happens is your customers and prospects are attracted to your products because you (The seller) believe your products are unique.

It starts and ends with you. Never forget that.

During my corporate sales training programs and the annual Boot Camps I do - I always make a point of saying this, "If I were selling single ply toilet tissue, I could differentiate mine from the competition."

Well glory be, I'm in Park City Utah last year doing a sales training assignment at a combo ski/golf resort. And what do I see sitting on a shelf in the bathroom - a roll of toilet tissue.

Not an ordinary roll mind you, a differentiated roll of single ply toilet tissue. It was wrapped in dark brown paper and had the words "Emergency Backup" prominently displayed.

All tissue paper is wrapped, but the paper in my room was wrapped in differentiation and no doubt presented to the buyer as a better alternative to his current product.

Your product just needs to be a little different to be considered better.

The list of what can be differentiated is endless. Since we both have time for what's endless - here's a short list to get you headed in the right direction:

You can differentiate . . . how you make appointments.

You can differentiate . . . how you confirm appointments.

You can differentiate . . . how you begin a sales call.

You can differentiate . . . how you end a sales call.

You can differentiate . . . how you ask sales questions.

You can differentiate . . . how you present your products.

You can differentiate . . . how you package your proposals.

You can differentiate . . . how you show your appreciation to your customers.

You can differentiate . . . how you acquire and apply new sales skills.

You can differentiate . . . everything about you, your products, and your company.

And if you don't get this concept - you're doomed to sell on price.

Logically, when someone is comparing your price, it's usually a good indication they don't see any other comparisons. Everything looks similar - so we may as well talk about price.

And by now you realize - the more you talk about price the lower it gets.

Offer your prospects and customers more and they'll gladly pay more. It's been said and I don't recall who said it, "Profitability is the applause of a happy customer."

If profitability is the applause of a happy customer you should be raising your prices, especially if your customers are happy.

If profitability is the applause of a happy customer you should be raising your prices, especially if you're making your customers happy.

Dreaded Returns

There is nothing a retailer wants less than for products that have already been sold to be returned and refunded. Those precious dollars that were once on the books are no longer. Some returns may not be significant in price, but they sure do add up, so it is important for any retail store to have protocol and policy for handling these returns so that employees or managers can deal with the problem. This way the customer is satisfied while the store retains its sales. Some simple tips on how to flip those returns into exchanges can save your business a bundle of cash.

The first thing a customer service associate should do in the case of an unsatisfied customer is: truly listen to the customer's complaint. Not only do customers want to be heard, but the employee will have a difficult time producing a solution to the problem if they do not listen carefully to the customers statements. The associate should wait until the customer is completely finished speaking before asking any still unanswered questions about the return. Some questions the employee should be considering in their mind are: What is wrong with the item? Why are they returning this product? What does the customer want? Quite possibly, the customer has already answered all of these questions and there is need for the employee to belabor those points. The associate may then proceed in asking the necessary questions to understand the nature of the return.

Now that the customer service associate fully grasps the reason for the return and what the customer wants, they can offer any suggestions that might make a simple solution for both parties. For instance, the customer might want a different size or color, or perhaps another product would fulfill the customer's want where the other product fell short. Consider whether a better product is offered or if there are any alternatives that the customer would find useful. Now this return has transformed into a sale. The associate should realize this is an actual sales pitch they are performing so that both the store and the shopper come out on top.

The best way to deal with returns is to offer in-store credit for those items brought back. This will keep those sales within the store. If that is not possible, then telling the customer about current specials or discounts might sway them to do more shopping, or even come back and shop some more. Remember, the most important thing is always to satisfy the customer. The store may take a hit by loosing one sale, but odds are, if the customer is satisfied with the result of this return, they will most like come back to this establishment. Consider some of these returns as good faith that more sales will come. Make sure you offer cash refund alternatives, but be aware of the customers attitude so that you continue to have valued customer service standards in this competitive retail world.

Space Solutions

No matter the size of a retail operation, space is always a critical issue, but for small retailers, space may become a huge problem preventing them from growth or display of adequate inventory. Simply buying new property or remodeling your floor plan is not the only way to make more room in your retail store. Slatwall displays are a cheaper, inventive solution to the long time problem of space.

Slatwalls are described as flat wall fixtures with grooves that allow holders, hooks, and shelves to be fitted into those grooves and provide a wall display space for a variety of products. The goal of a slatwall is to get products off of the floor and onto the walls, creating more walk space and room for more products on the existing sales floor. With slatwalls, that wasted wall space becomes an effective product display area.

Possibly the greatest advantage of slatwall displays over gridwall panels is the abundance of slatwall accessories. As I said before, there are hooks, holders, and shelving unites, but accessories also include basket unites, brackets of all kinds, and customized product displays for things such as inline skates to literature racks to basketballs. Whatever your display needs, there are probably slatwall accessories to accommodate you. Some products that are commonly found on slatwall displays are magazines, books, CDs and DVDs, clothing (from jackets to entire outfits), hats (from ball caps to cowboy hats), sporting equipment, shoes, electronics, and more.

A major misconception about slatwalls is that they little the walls with ugly paneling, and thought that may have been the case in the past, the slatwall designs of today come in every variety to blend and work with any retail store environment. Slatwalls can be wood paneled like any wood type, nude for painting, textured, laminate, or pre-painted in any color. Once your products are in place, no customer will even notice the wall system. By browsing the mall or most any department store, anyone will see that slatwalls are extremely popular, while the public hardly recognizes their presence at all. That is the beauty of slatwalls. They tidy up the sales floor while creating great, elevated displays that really feature the products and not the store fixtures.

To really take full advantage of slatwall panels, it is important to order all of the necessary slatwall accessories. If you find yourself short on slatwall hardware or wishing you had another display piece, chances are, you will never get around to getting the right pieces. Plan ahead and get all of the slatwall accessories you may need, for now and the future. This will allow you to create the display that really shows off your products and gives you the ability to change up your display wall from time to time, easily. Also, the more types of products displayed on a slatwall, the better. When a slatwall only has one product, it may look bare or uninteresting. So consider the needs of your retail environment and how your new slatwall displays can help. Are some of the sections of your store looking cluttered? Do you have a pile of products in the back that are not even seen? Use slatwall displays to solve these problems.

Adding slatwalls to a retail environment can really be the solution to space problems. Free up the floors, and raise the bar by installing slatwall displays throughout your store.

Store Fixtures

As the retail store industry has developed, visual merchandising and product display has become a major concern of business owners. As a result, store fixtures of every variety have been produced to maximize the exposure of products on the sales floor. Today, retail stores carry everything from clothes, to toys, electronics, to kitchen accessories. It is important for a sales manager to have the tools necessary for displaying these varieties of items in the most effective way.

Some of the many store fixtures commonly used today are gridwall fixtures, clothing store fixtures (such as hangers, racks, and mannequins), display cases, shopping bags, jewelry displays, slatwall fixtures, and good old fashioned shelves. Gridwall and slatwall fixtures serve a similar purpose by providing display space along the walls of a retail store. Slatwalls use grooves and pieces of hardware, while gridwalls have a grid system that can be interlocked with different display hardware. Hooks, shelves, baskets, and literature holders are just a few of the many accessories that can be added to these displays to produce a more vertical and less space consuming display.

Hangers are a major part of clothing display. There are so many types of hangers and hanger accessories that can accommodate any retail clothing environment. It is important to not only match the store environment with clothing hangers, but also to choose the right hangers for the style and preservation of the clothes for sale. Some of the materials hangers are produced from today are wood, metal, plastic, and fiberglass. Mannequins are also a very important player in clothing display. Ranging from full-length life-size portrayals to torsos and hanging forms, they bring the clothes to life by giving them a human shape and helping the customer imagine their true appearance.

Display cases are important for both display and security of precious products. They can be framed with several different metals or wood and can be full vision, half vision, open cases, register stands, countertop, oaken, pedestal, portable, or custom. Within these varieties of displays are also a variety of display options for bracelets, rings, chains, watches, or necklaces, and these come in materials such as metal, wood, velvet, or acrylic.

Though many do not think of shopping bags as store fixtures, they are possibly one of the most important. Craft bags, tinted bags, shopping baskets, carts, and holiday bags are all used to make the shopping experience a little easier. Think of what shopping would be like without bags.

Store fixtures give retail stores shape and personality organizing and displaying products in the most effective and enjoyable way possible. It is important to consider store fixtures of every product in a store. Although this may seem to get expensive, the profits they will produce and help they will bring to managers and employees will far outweigh the cost.

Back to School Retail

"Back to school" shopping is possibly the most important time of year for children's retailers in the United States. Understanding the timing for this annual event is essential for making the back to school time a boost in sales. Recent statistics show that nearly 70% of shoppers will begin their back to school shopping in the month of August, but the most important demographic for children's retail is the group that plans to spend $1,000 or more for their children, and strangely enough, almost 50% of these shoppers fall in the remaining 30% of shoppers that will begin their shopping earlier than August. Though this is a much smaller group, it spends just as much, if not more, than the other 70% of consumers doing their shopping in August. So what does that tell retailers is important for the next season?

Retailers cannot afford to miss this huge spending demographic. The latest time for "back to school" shelving must be July first, though putting out supplies and clothes in mid June is not a bad idea either. By forcing the "back to school" displays up for this extra month, retailers will see almost double in sales, well worth the extra effort in early planning. It is true that "back to school" sales do not necessarily make or break annual sales for all children's retail stores, but it can greatly make up for any loses in the previous spring if timed right for the public.

Target advertising is also important for the for "back to school" sales revenues. Promotional sales are likely to bring in customers looking to get their shopping done as cheaply as possible. Even if the bargain sales are small savings, the "sale" sign will bring customers into the store, ready to buy. Half of the consuming market is vastly more likely to buy during a sales promotion, regardless of the actual savings, and more than half of mothers in this country plan to scout out all the "back to school" sales. Consider this when organizing advertising campaigns in July and August, and target the mothers of the world trying to get their children all the things they need to be a successful student.

It is imperative spend the extra time and planning for the "back to school" season to truly reap the benefits of the this annual American expenditure. Without the right length and timing "back to school" displays many possible customers and sales will be missed, and without the right simple sales promotions, half of those may be lost to competitors. Listening to the public and knowing when and what the need has always been important for retail stores, but it is even more acute when everyone is going back to school.

Monday, April 16, 2007

Retail in a Second Baby Boom

The children of the baby boomers are now having babies of their own. Naturally, those children are often having more than one, and so mathematically it makes sense that the baby boomers are now longer the largest portion of the United States population. Instead, it is their children. This notable shift in population has created a massive trend toward clothing for infants and children. Celebrity mothers dress their kids in all of the latest styles, and so it filters down to the public with Baby Gap and more toddler stores in malls than ever. Children's clothing is in a major growth category for many retailers, and more of them are coming on board the kid's clothes train.

The Gerber clothing line has been added to the list by the major department store, Sears. It brings a "mix-and-match" collection of clothing that is both cute and practical. Sears hopes to increase their market share by pushing this new line of children's clothes. Both Sears and JCPenney use gift sets to move their products. It is commonly known that baby showers are responsible for much of the kid's clothing that is purchased, and so these major departments are focusing on gift giving to sell their new children's clothing lines.

Babies "R" Us is also a massive retailer of kid and infant wear. It has become the one stop solution for parents in a rush. Get toys, diapers, clothes, anything else you could possibly imagine an infant might want or desire, and it is thriving in this second generation of Baby Boomers. Taking its cue from Babies "R" Us, Wal-Mart released the "Child of Mine" label as well as many other department stores picking up premium national infantwear labels. These powerhouses are finding ways to provide extremely cheap solutions for kid's clothes.

However, the expensive, high-end, baby boutique market is also flourishing. As a result of the wealth produced by the baby boomers, their children have more money to spend on their kids. Upper crust boutiques for children are opening all over the United States. Celebrities and other cultural elite are spending an obscene amount of money to keep their kids in style, and retailers are taking advantage of the opportunity.

Now is a great time to get into child and infant sales. There has never been such a market of people with such vast resources to support this kind of sales. If your store or department has not already investigated children's clothes, consider this venture, as it has proved an incredible source of sales revenue for many small shops and major companies.

Mortgage Leads-View Before You Buy

Mortgage Leads, View Before You Buy

If you are a loan officer or mortgage broker looking to purchase internet mortgage leads, you may want to start out with the lead companies that allow for you to view the leads before you make the decision to buy them.

Otherwise known as cherry picking leads, you have the option of looking at all of the details of the lead before you make the purchase. I don’t think it gets any more fair than that.

At least this way you know exactly what you will be getting.

The next step would be finding the right mortgage lead company to invest with.

At the very least, you want to ensure that the leads you are spending your hard earned money on are fresh and of good quality.

Avoid lead companies that recycle their leads or purchase them from 3rd party vendors and sell them to loan officers like yourself at a profit.

Look for the lead companies that generate their own leads through web sites they own and operate on their own.

In order to find lead companies such as theses it is important to take your time and do your homework.

Once you find a mortgage lead company you believe to be a fit, call and speak with someone in their customer service or sales department. Ask many questions on the subject of how they obtain their leads.

If you are not happy with the answers you receive or the service provided than move on. More than likely if you are not happy after your phone call, you will not be happy with any of the leads they provide you with.

Also, be sure to check out their return policy. Make sure that it is fair and reasonable.

Remember, you work hard for your money, so make sure that you will be getting what you paid for.

The Four Essential Component Parts Of Successful Selling Part Three - And Finally, Knowledge

It is fairly common knowledge that even today, in most industries, a very high percentage of training budgets are spent on “product knowledge” workshops and training sessions. This is understandable to a degree particularly in the more technical sectors, but what about all the other types of “knowledge”?

The task of selling never becomes any easier and as competition continues to intensify, sales people will face issues that can be extremely difficult to deal with - i.e. decreased product uniqueness, increased competition within ‘safe’ markets, longer sales cycles and shorter product life spans. Every organisation that intends to survive in the re-engineered environment that arrived with the new millennium must, in my view, respond to those realities.

Today’s clients/customers are looking for vendors who can be business partners, who are willing and able to share risks and who are able to properly manage the entire sales process not just simply demonstrate products.

Ongoing research demonstrates that to-day’s ‘average’ salesperson is just as effective as the high performer in explaining features and benefits effectively, relating a service or product to customer needs and closing a sale. But, above this Level 1 plateau of competence, the exceptional salesperson is busy defining the “basic skills of tomorrow”. This includes broad based business knowledge, industry knowledge, sector knowledge, knowledge of one’s own company and of course knowledge of oneself.

It is suggested that 84% of buying decisions are based on emotion – if that really is the case buyers will not buy because they like us but rather that they trust us. Logically, we are far more likely to trust someone if we sense synergy, if the seller talks our language and if they are “knowledgeable”!

Summary:

So what did my “new breed” of salesperson look like? For a start he or she progressed from the more traditional, ‘lone ranger’ approach of selling to a more team-based consultative style. I determined that a consultative salesperson needed to fulfil three basic roles, that of Business Consultant, Long Term Ally and Strategic Orchestrator. By combining all three roles salespeople are more able to develop and maintain long-term relationships with clients.

However, all of this was built on a simple platform – a simple formula:

Attitude + Skills + Process + Knowledge = Success.

The Four Essential Component Parts Of Successful Selling Part Two - Skills And Process

Continued From Part One:

I then turned my attention to Skills: I discovered that to begin with, the one off programme was supplying a short term motivational buzz and provided my team with a number of thought provoking ideas. However, in reality, once they were back at the “front-line” the day to day pressures of hitting quota etc took over again and the reactive mindset returned.

Then and it is probably still true today, most - I would estimate at least 80% - training organisations, were making the assumption that all delegates were at the same level in terms of experience, expertise and had the same “commercial bandwidth”. This was of course, totally unrealistic.

Whilst it is never possible to equate age and experience with success, the reality is that although some professional salespeople do have ten years experience, most have one year’s experience ten times!

The very best salespeople – the ones that consistently exceed expectation - have usually received ongoing skills development from the “emerging” stage all the way through “advanced” right up to “consultative” level if appropriate, but the keyword is “ongoing”

Finally, and this is the most significant and blatant error of judgment most Sales Directors make, I know I did, is that every member of the team receives the same training, i.e. they are all dispatched off to the same course regardless of whether or not they already have those skills or if indeed they need to have them in their current role.

The point here is that there is far too little planning, assessing and objective setting; as I said earlier, it is much easier to delegate that responsibility to the training company. The downside to this approach is of course, so much money is wasted.

I quickly realised that the first step for any company deciding to make a change in their sales approach was to accept that training must be based on what the salespeople need and should be tailored to address diagnosed performance gaps. Using a diagnostic approach – a formal sales team skills audit, saves an organisation money and time because there is nothing to be gained from teaching people something that they are already doing well or, conversely, that they don’t need to do in the first place.

So what did I do? I wrote my own programmes and they eventually became the basis of the Vanguard Suite, but more significantly I designed an attitude/skills/process audit tool which has now evolved into the ASP Profile and is being used by organisations all around the world to regularly benchmark both the development needs and ongoing performance levels of their sales teams. And the most common feedback I receive? “I cannot believe how much money you are saving us”!

Process:

In his book “Fundamentals of Selling”, Charles Futrell identifies careful use of selling time as perhaps the distinguishing characteristic of the successful salesperson. Frequently there are two main pitfalls that even experienced salespeople can fall into in terms of activities. First, they simply aren’t doing enough. What’s enough? Enough telephone calls to make appointments, enough face-to-face calls, enough calls that involve or influence the decision-makers. In general, the more focused sales activity salespeople generate, the greater the number of sales opportunities they can create.

Second, but equally important, salespeople often aren’t clear about how to identify the prospects most likely to have a genuine need for their product or service. Without an objective way to prioritise which prospects to contact first and/or an efficient strategy for contacting them, salespeople are doomed to waste a large percentage of their time. Another huge dilemma for many salespeople is how to divide their time between servicing existing clients and generating new business from new prospects. A common approach among salespeople can be summarised in the saying “If you throw enough mud against the wall, some of it is bound to stick”. This approach is exhausting, demoralising, extremely unproductive and very expensive in the long term.

In the book Emerson’s Essays, there is a section on “Law of Compensation”, which can be summarised simply as “give more, get more” This is what most salespeople try to do, so they end up working harder when they should be working smarter. This begs the question, are your sales activities deciding your strategy or is your strategy deciding your sales activities?

From the Sales Director’s perspective, developing a consultative sales process means developing a comprehensive, formal, realistic and step-by-step outline of what salespeople are expected to do. This is just as appropriate for internal and totally reactive sales teams as it is for external pro-active ones. This outline includes the activity and calls they must make, the relationships they should establish with prospects, the documentation they should use in sales calls, the issues they must discuss and resolve with prospects and the tangible goals they must achieve in sequence along the path to each sale, in order to achieve maximum effectiveness.

It’s only when such an outline is in place that sales management can be in a position to:

• Monitor the sales force’s activity, progress and results,

• Assess issues as they arise and take appropriate action,

• Redirect individual sales representatives’ efforts efficiently.

Although many organisations appreciate the importance of being customer-focused and talk in vague terms about their “consultative sales process”, surprisingly few sales leaders invest the time and energy required to develop a formal sales process – a process that is at once detailed and resilient enough to guide their salespeople and permit effective management of their efforts.

But I was determined to design a process tool kit which addressed every need my team had from opportunity analysis to personal organisation, from pipeline development to revenue forecasting etc. I developed innovative strategies that enabled me to achieve the Holy Grail: Sustained sales growth achieved efficiently, reliably and by design.

Part Three:The Four Essential Component Parts Of Successful Selling -And Finally, Knowledge follows.

The Four Essential Component Parts Of Successful Selling Part One - Attitude

I first began to recognise the need to be able to benchmark sales performance more objectively and more rigorously over twenty five years ago: The motivation to do this was strong because I knew I was wasting thousands, if not hundreds of thousands of pounds on sales skills training programmes which were not providing me with a proper return on my considerable investment. But I needed to prove my theory because without an accurate analysis of my requirements, I would continue to abdicate that responsibility to the training providers, most of whom had only their own interests at heart.

So with this quote from Drucker, “The most effective way to manage change is to create it” firmly in my mind, I set about my task, a task that became a journey, which began in 1981 and is still ongoing.

By taking an analytical approach, I arrived at the following equation:

Attitude + Skills + Process + Knowledge = Success.

My initial reasoning was this: Attitude is fundamental to any achievement because individuals with the right Attitude are far more likely to embrace the essential Skills, recognise the control that Process brings and have the desire to continually expand their Knowledge.

Skills are the ‘tools of the trade’ and have to be developed on an ongoing basis. They also need to be specific, because too much time can be wasted over-burdening employees with inappropriate and irrelevant skills without any identifiable plan for their future requirements.

Process brings organisation, efficiency and control, both for the individual and for management. Effective process provides objective analysis and indicators which can be benchmarked and accurately measured.

Then there is of course a need to build in Knowledge and that must include knowledge of products, industry, market sectors, competitors, business, own company and last but not least, self!

Attitude:

Let’s then begin by looking at Attitude: I was fortunate enough to have discovered the “Hertzberg Theory “- Professor Frederick Hertzberg has promoted a theory of motivation which goes a long way forward from the original theory of “Carrot and Stick”, or indeed its extension ‘The Reward Theory’, still used by many managers and companies to try and exhort greater efforts from their staff.

It stems from two-statements:-

- What makes people happy and motivated at work, is what they do.

- What makes people unhappy and de-motivated at work, is the situation in which they do it.

Hertzberg suggested that managers needed become familiar with three new letters that would become increasingly important in the management of people in the future. The three letters are:- Q.W.L. - standing for ‘The Quality of Work Life’

Managers, who want to motivate their staff, he said, are going to have to improve their Q.W.L

The first set of needs defined by Hertzberg is called Hygiene Needs and deal with a person’s relationship with the environment. They consist of how people are treated at work.

- Do you pay them well?

- Good working conditions?

- Human relations - the nature and quality of their supervision

- Status.

- The nature of the Company’s policies and administration.

They are called Hygiene Factors, because if the factors are right, they prevent people from being dissatisfied in their working environment, so they keep people from being unhappy and that is their function - but they do not motivate.

The other set of needs of people is caused by the fact that they are human beings and therefore, not only do they not want to hurt, so treat them well (Hygiene), but they want to do something. They want to grow and show what they can do. They want to be able to say at the end of the work experience not that they vegetated, but that they are more than they were (know more, can do more and therefore are more) and the only way to measure this is by what they have achieved in that experience.

They are therefore asking these questions:-

- Do I achieve? Am I contributing?

- Am I given increased responsibility?

- Am I advancing and growing?

- Is what I do meaningful and significant? Is its interesting?

- Is my ability recognised?

These are The Motivators. These are the variables that managers can use to motivate people, because people, who want to do something, want to do it - that’s motivation.

So if we want to talk about motivated performance, we have got to talk about -

• Achievement

• Recognition for achievement

• Meaningful and interesting work

• Increased responsibility

• Growth and development

Tuesday, April 10, 2007

Take The Power Back

Far too often these days I run into people that are allowing technology to control their lives when it doesn't have to be that way.

Put bluntly, a blackberry, a laptop, a cell phone or a PDA shouldn't be controlling your life. If they are, it may be time to take the power back.

In fact, I'm only in my early 30's and I can remember a time when we didn't have automated voice-mail or call waiting. And a cell phone was a luxury. But guess what, even back when people didn't have cell phones if the car broke down on that road so far from home, they still survived.

Of course I'm not saying that we should leave our cell phones home or go back to a time when we didn't have cell phones because they (cell phones) have certainly saved some lives and they have certainly made our lives more convenient and easy in many ways.

But unfortunately, far to many people are reacting to these technologies rather than being proactive, and I feel that this can not only hurt our potential for balance but in some cases it can hinder our productivity rather then help.

For example, when I purchased my first handheld device I was so impressed by how much easier it made the process of checking emails, I didn't realize that I was letting it control me and that it was turning me into a reactive business professional.

How was it turning me into a reactive professional you ask?

Well, for starters, as soon as an email would arrive, I would start working on the task associated with that email and soon as I was spending countless hours working on tasks that had no true benefit or effect on my sales career and also tasks that had nothing to do with the plans I'd set for the day the previous evening or week.

Secondly, I didn't realize the power that little device had until I started jumping up to check the email the second the little rig started buzzing.

So yeah, I've been there, but I quickly discovered that rather than adding hours to my day the device was in some ways taking time away from it. And it wasn't the device's fault, it was my own. Now that I use the device in the manner that works for me the device has truly become a time saver and a great device for increasing my productivity, but for me I had to take the power back for the full benefit to be realized.

And here's how I did it.

1) I decided to turn the buzzing off and simply set the device to silence so that I wouldn't know when an email was arriving.

2) I stopped bringing the device with me during non-business hours.

3) Because I didn't no the exact second every email came in I started setting aside time to check and reply to emails (proactive) rather than replying to every email the second it came through (reactive).

I stress that these little modifications may not work for you but for me they made all the difference in the world.

The main thing is that you figure how to put these devices to work for you rather than the other way around.

Just remember this: there were top performing sales professionals long before these technologies existed and so even though these devices may increase your efficiency, just make sure they are not taking from it.

And so, Until Next Time, Yours in Success

So You Think You Can Sell

I once heard a quote by a Scottish ex-World Champion Formula 1 motor racing driver called Jackie Stewart. It went something like ‘you can criticize a man about anything other than his driving and his love making ability’ Well I would like to add to that, because you can’t criticize somebody about their selling ability either. I got to wondering the other day, why is that? Why do men and women who take orders yet have never had any reasonable amount of sales training think they are sales people and hate to be told otherwise? It would be like a technical assistant in an operating theater calling him or herself a surgeon and bristling at anybody that questioned their logic. This may seem harsh but I really do think there is that much blue water between good sales people that understand and can implement the sales process and people that are in a sales role and just happen to be around to pick up an order from time to time.

I have had 2 examples of this within the last week or so. I have been thinking about setting up an office closer to downtown Orlando and as such have been looking at property and furniture.

Case Number 1: I went into a well-known store that sells reclining chairs (enough said there I think). I asked whether they had a love seat in leather the same design as a chair I had previously bought and even gave the guy the code and the color specification. Immediately he told me that they didn’t do that design in a love seat and that they didn’t do THAT color anyway. I explained that I had taken it from underneath the chair and as it was only 6 months old thought they may be able to at least match it. The man wondered off to find more information, or at least that is what I thought, but he never came back. I saw him talking to another customer 5 minutes later and just shook my head in disbelief. That man probably thinks he is a sales person and probably tells himself that when somebody buys something, he SOLD it whereas the reality is completely different.

Case Number 2: I sent an e-mail enquiry about some property that was available in an area that would have suited my needs. I got a phone call back within half an hour from a very pleasant lady that said she managed that building. She then asked me how much I was looking to spend per month! No questions on what I needed it for, no questions about what was important to me, not even a question about my business or long term plans, just a simple request for my budget. Is that selling? I don’t think so.

There are so many people that work in sales and so many companies that offer no initial or ongoing training that when occasionally you meet a good sales person they stand out from the crowd. They will truly look like a professional and not somebody that is completely out of their depth and probably not even going to be there next time you visit.

I have a theory that because there are no formal recognized qualifications for selling and that as it is seen as a job that people slip into rather than aim for, then people think it must be easy. Therefore, to be criticized for not being good at a job that is ‘easy’ is something that most people can simply not accept.

So, are you in sales? Are you a good sales person? Could you be better? Could you benefit from training? Would a 5% improvement help your earning potential immeasurably? If the answer to those questions is yes, then I urge you to get some training as soon as you can and I am confident that you will look back on it as being a very sensible investment in your future success.

Top 10 Reasons Sales Managers Fail-And What To Do About It

The primary reasons that sales managers fail is that they don’t know how to manage their people, and they don’t manage a highly effective selling processes. Just as an engineering manager needs to be a pretty competent engineer, so does a sales manager need to be a pretty competent salesperson. However, in both cases, their primary responsibility is to manage the performance of their staff. And, both must have a good understanding of modern management principles beyond a few readings of “The One Minute Manger.”

By contrast, most engineering managers know that technology is evolving so quickly that their managerial functions prevent them from keeping up with the technology at the level of a functioning engineer. However, they know enough about the latest technology to manage it.

Conversely, most sales managers believe that very little has changed in the ways that top salespeople interact with their prospects and customers since they became a manager. Therefore, they tend to manage their people in the way they used to sell. However, the markets for every product and service have changed dramatically in the last twenty years. Top salespeople have developed new sales process to take advantage of those changes. That is what most sales managers don’t know.

1. They don’t know how to use highly effective tools to recruit, recognize and train salespeople that will perform well in their organization. Therefore, they often hire salespeople that are not compatible with their company’s culture and don’t have the appropriate sales aptitudes for their industry.

There are a few excellent service agencies that will recruit salespeople to match your requirements - at a reasonable price. Furthermore, they will benchmark you and your best salesperson to be sure that the candidates’ aptitudes are similar to your best, and that they are compatible with your management style.

2. They don’t have a uniform, highly-effective sales process for their company’s products and services. They believe that the fundamentals of selling have changed very little since they were selling. Therefore, they typically advocate obsolete sales strategies and tactics, and focus on the wrong metrics. Their efforts at determining the “best selling practices” for their company are almost always flawed.

Look for a sales process that is very different from the one that you are now using. Talk to sales training companies to determine whether they really are different, and whether they use their own proprietary sales process when dealing with you.

3. They don’t know how to train, supervise, track and coach their salespeople to optimize their sales effectiveness.

This is also a sales process problem. If you don’t have a uniform process you have not way of knowing exactly what your salespeople are doing, or whether they are actually doing what they say they are.

4. They lack skills in target marketing and prospecting. Therefore, their salespeople waste most of their time with prospects who will not buy.

One of the most important activities of top salespeople is finding and making appointments with highly qualified prospects. Even if most of the prospecting activity is done by your marketing department, or an outside vendor, the salesperson should be the one that decides if and when to visit a prospect.

5. They believe that “you can’t close if you don’t get in front of prospects.” Therefore, their salespeople go on as many appointments as possible, and they track that metric. In order to fulfill that requirement salespeople spend far more time with prospects who will not buy than with those that will.

Set demographic, situational and attitude standards for the type of prospects that are most likely to buy. Make you most important metric a function of booked business.

6. They believe that salespeople should be able to convince prospects to buy when the prospects are merely “interested.” Therefore, they have their salespeople out trying to persuade prospects to buy who are merely “interested.” It doesn’t seem to occur to them that hardly any of their salespeople can convince their sales manager to do anything he/she does not already want to do..

Sales managers need to utilize a highly effective sales process that works now. They must learn why mutual trust and respect and mutual commitments are far more effective than persuasion, convincing, closing techniques and overcoming objections.

7. They don’t know the difference between qualification and disqualification. Therefore, their salespeople create sales resistance by selling to prospects when they are not ready to buy. That lengthens the sales cycle and decreases their closing rates.

Most sales managers don’t realize that visiting with prospects before they are ready to make buying decisions will increase selling cycles and is detrimental to closing rates. What they call “sales persistence” usually loses business.

8. They don’t understand how the human mind works and how it accepts or rejects information. Therefore, their salespeople typically spew features and benefits in terms of industry jargon. However, they don’t communicate what they are selling in terms that their prospects can understand, will retain and will motivate them.

There have been many studies about how to communicate most effectively. Those studies have been done by myriad educators, communications specialists, speech writers, psychologists, broadcasters, sales consultants, etc. We used much of that research, and our own studies, to develop the High Probability Prospecting Offer Design Template. You can have a copy by sending an email request to Main@HighProbSell.com with the words “Offer Design Template” in the subject line.

9. They believe that most prospects make logical buying decisions. Therefore, their salespeople don’t satisfy prospects’ emotional motivations for selecting a vendor. However, if that were true, almost every salesperson would be highly successful by enrolling in logic courses.

Recent studies in Brain Science have revealed that most important decisions are made in the part of the brain that deals with emotions. Those emotions that deal with important buying decisions are among Maslow’s Hierarchy. Until High Probability Selling, no one figured out how to utilize that knowledge for major increases in closing rates.

10. They don’t know how to get salespeople past their fears. Therefore, most of their salespeople stay in their comfort zones and under-perform. That causes most of them to perform below their potential, or to fail. Pushing them to perform and trying to thicken their skins seldom works well. The cost of this problem is enormous.

Almost all salespeople, whether beginners or veterans, can learn how get past their fears and avoid slumps and/or burnout. It just takes a specialize set of psychological principles. Getting your sales forces to operate at optimum effectiveness is an entirely reachable goal.

You Snooze, You Lose

I recently attended at leads group that I have been a part of for several weeks. As I went into the room, I found that most people sit in the exact same spot each week. I began to wonder if they really liked that particular seat or where just uncomfortable moving around the room. The psychology behind it (and from years of training people), is that people like routine and will sit in the same seat unless forced to do otherwise. Now how many people do you think they will get to know in this group? Probably the ones on either side and just across the table. A very small network.

Now let's take this one step further. I made a choice to sit at the opposite end of the table with a new group. I was privileged to talk to 5 new people. They knew who I was but were not too sure about how I could help their business as they only heard snippets from the other end of the table. Nothing could be better said. In sales, networking is crucial and getting to know more than just a couple of people in a group is essential.

It so happened that a person in my new circle discovered that someone at the other end of the table had an incident where her expertise would solve the problem. Because she had not made the effort to get to know the other person, she thought that if they needed her, they would call. Hmmm, something is definitely wrong with that scenario.

A few keys to getting business from a networking group include:

* Sit in a new place with new people each meeting.
* Get to know each person around you (set outside meetings to learn even more).

* Don't wait for the business, call when you know you can help.
* Make sure everyone really understands what you do.

Do You Have a Thirty Second Selling Proposition (Commercial) About Yourself?

As a self employed business owner or sales person you really need a quick 30 second proposition statement. This statement should tell the person you are speaking too, enough about yourself or your business to make them curious and want to ask you more questions about what you do.

As an example if you ask me what I do for a living which of the following replies would you react more favorably too.

1- I sell life insurance.

2- I help people achieve financial independence by showing them how to earn $500 to $1,000 a week on a part time basis with the opportunity to move into a full time career, by helping families protect their most valuable asset their home.

I’m pretty sure you will respond you like number 2 better. Most people think of life insurance sales people in the same category as lawyers and used car salesmen. Heck no one likes a salesman. But number 2 doesn’t even say the word sales in it. In fact I am not a salesman, nor do I sell Life Insurance. I happen to be a Mortgage Protection Specialist. Now most people that meet with me do in fact give me a deposit check for a first month premium and they do buy Mortgage Term Life Insurance but I don’t actually sell it to them I simply help them get approved.

It’s not what you say but how you say it. People don’t like to be sold but they do like to be approved. When I speak with people on the phone (to set an appointment) and then again right at the start of the in home presentation I tell people I can't sell you anything. All I can do is help you find a program that meets your needs and budget, then help you fill out a simple form and see if we can get you approved with the company.

Friday, April 6, 2007

Your Business Card Sucks

Before you get mad at me for what I just said, please look now at one of your business cards and check the following:

- Do you use the back side to generate more sales through a shocking offer or guarantee, loyalty or referral program, or any of the 11 best marketing strategies to attract new customers and retain your current customers?
- Do you add a call-to-action on the back side to clearly tell your prospects what you want them to do so you can generate more leads and, therefore, close more sales?
- Do you use a full-color artwork to add impact and differentiate from other business cards in your prospect's Rolodex?
- Do you show your photo to remind your prospects who you are?
- Do you have your slogan on the front, close to your business name or logo, to communicate what your business and positioning are?
- Do you have a slogan at all?

If your answer to two or more of my questions is NO, then sorry but… your business card sucks.

Don't get mad at yourself now. It's not your fault. Business cards have been used for the last 100 hundred years not as a sales tool but, on the contrary, just as a formality and a way to give out your phone and e-mail.

Still, a well-thought-out business card is one of the most powerful - yet inexpensive - sales tools you could use to boost your sales and profits almost overnight.

To transform your business cards into a sales tool all you need to know is: How to Create and How to Use business cards that sell.

HOW TO CREATE BIZ CARDS THAT SELL:

You create the best Shocking Offer to promote your business and you print it on the back of your business cards.

Do you know what a shocking offer is and how to create the one that's right for you?

A shocking offer is so outrageously beneficial for your prospect that it's almost impossible to say NO.

The following are the 11 best marketing strategies to develop the Shocking Offer that best suits your business:

1. Free e-book or report (the one I use)
2. Free subscription to e-newsletter
3. Invitation to free seminar
4. Free consultation
5. Free trial
6. Trade-in offer
7. Shocking guarantee
8. Membership Club
9. Referral Program
10. Loyalty Program
11. Reminder for Appointment

The first seven are the best marketing strategies to attract new customers. Almost everything is free because your goal is to make their first step toward becoming your customer extremely smooth and easy to take. You make your profit from their recurring business. Now…

HOW TO USE BIZ CARDS THAT SELL:

The way you use biz cards that sell is exactly the opposite of how you've been using business cards for your whole life!

You put your biz cards that sell to work for you bringing new and recurring customers while you are doing something else. Even while you are sleeping!

It's all about leverage. Once you have a powerful marketing message on the back side, your business cards work as a flyer or a postcard. Even better. Because business cards are saved for future reference while considered a personal communication, instead of just another piece of advertising.

Isn't it amazing? You will not need to be on one side of the business card, handing it to someone on the other side, in order to get their business.

The following are the 6 Most Powerful Ways to Use Biz Cards that Sell to Boost Your Sales:

1. Create joint ventures with other business owners who share your customers while not competing with you. Hand out and mail each other's business cards to your contact database along with a personal letter and an endorsement.
2. Give a prize to your employees when they bring a new customer because of handing out their biz cards that sell.
3. Add four or five cards to all follow-up collaterals and outgoing mail.
4. Create a Referral program on the back side with prizes for the referrer and the referral and mail some among with a personal letter to your contact base.
5. Create a Loyalty program - buy X number of my products and get ONE free. Print X circles on the back side and hand out these cards to every customer with the first circle already perforated.
6. Display them in your store/office along with a sign promoting your marketing strategy. Use them profusely while networking and every time you meet anyone.

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Sales Tips From Man's Best Friend

In this year’s January edition of Reader’s Digest, there are five similarities noted between a dog and the owner. There is a most intriguing correlation between these and the sales process that as people who sell, we can parlay into learning in action.

- Both take up too much space on the bed.

Remember when you were a kid, or maybe now as a young parent, and kids and all end up in bed with mom and dad? How often has your prospect been talking with so many suppliers or partners that you found it difficult to differentiate yourself? And yet, this is key.

- Both have irrational fears about vacuuming.

In selling and buying the vacuum is like the decision point to buy. This is one noisy household too. It’s normal for the buyer to be fearful (noise); they likely have met some unscrupulous salespeople along the way (more noise). However, coming from a place of peacefulness, will ground a salespeople in unswerving confidence.

- Neither tells you what’s bothering him.

It’s likely the potential customer doesn’t know what’s bothering him. If the salesperson lacks the skill of questions and listening, then that bother stays with the prospect to the degree of no decision at all.

- Neither of them notices when you get your hair cut.

Recent research shows that less than 5% of salespeople invest in their own development. If this is true it explains why some people who sell keep making the same mistake over and over again. The prospect does actually notice the level of sales ability.

- Neither understands what you see in cats.

Until the need for a solution or the pain from lack of it is strong enough, your prospect may not be ready to make a decision. It’s elusive; like many cats. If you pay attention to details, stay in touch and remember to sell the way the customer buys, you’ll have more success.

Remember: No one admires you as unconditionally as your dog; prospects included.

Stay In Touch With Customers For One Key Reason and 12 Appreciative Ways

There is one key way you that can differentiate yourself. If you systematize follow up with prospects, you will reach 80% of people who make their decision not on the first call, not even on the third contact, but somewhere between the fifth and twelfth.

With a follow-up system you want authentic business reasons to keep staying in touch with your prospect. Here are twelve ideas get you started:

- Send something you know of personal interest. Maybe during early contact, your prospect talked about an interest in tennis. You find out about a tennis match or you come across an article. Copy this and mail it to your prospect.

- Within 30 days of their purchase or working with you, ask them for a testimonial.

- Offer an idea, valuable information, that you know will help. Telephone, email or send a card with this idea.

- Are you able to ask for your customer’s birthday? Everyone likes to be remembered on their birthday!

- Invite them to an event. It could be a workshop, a telelclass, a networking event or a client appreciation.

- Pick holidays that get under served and send a card.

- Make up your own holiday. How about an anniversary card around the date you first met them?

- With gift cards being so available, send a small gift of something they can use either for themselves or someone important to them. A gift card to Starbucks, or Barnes and Noble or many other choices.

- Ask them to complete a survey. Most people love giving their opinion!

- Be a web-weaver. Did they mention to you a need they were trying to fill – a new barber or hairdresser, great restaurant recommendation? Whatever it is, show them you listened and let them know your suggestion.

- If you learn of something they are recognized for, send them a note of Congratulations.

- Be sure they get a newsletter or ezine from you.

The key in differentiation, no matter what you sell, is to build and maintain your relationship with prospects and clients. Be sure and help them remember you throughout the year so that when they are ready to buy your product or service they think of you.

Valuable information: Greeting card research shows that real paper cards as a marketing tool can generate a response rate of more than 50%, while a typical direct mail response from a flyer or the like gets around 2%.

Closing Sales Tips To Use Because You Owe Yourself

George Burns is quoted as saying, “ The secret of a good sermon is to have a good beginning and a good ending; and to have the two as close together as possible.” Helping the customer to buy is like having that attention getting sermon. Then the congregation leaves, they actually act on the word of the sermon.

Why are sales so often lost?

Is it because of the product or service? Not from the research.

Does it have anything to do with the buyers fears? Often it does.

The number one reason sales get lost is because the salesperson doesn’t ask the customer to buy!

In the workshops I do, I often ask participants, “what are some words you can use to describe a salesperson?” Words captured on a flip chart might be, “pushy, dishonest, unethical, out for himself,” and the list goes on.

Maybe some people who sell harbor this belief about themselves. If so it can hinder your fulfilling your role which is after all to get the sale.

The buyer likely has a similar perception. It’s normal for the buyer to be fearful; they likely have some experiences with unscrupulous salespeople along the way.

When a salesperson comes from a place of confidence and congruency, the only next logical question from them to the prospect is something like, “And when would you want to start?”

Have you earned the right? If you have determined the client needs your offer, if you have listened to their wants, if you are talking with the decision maker and if your presentation is in a way that matches their decision making style, let your confidence carry you in the rest of the way. Close the gap between the beginning and the end. Ask the client for their business.

Ending tip: Regardless of how long your typical sales cycle is, you want to always be asking for some sort of decision along the way. In earlier sales training this might be called a trial close.

It's a Sad Dog That Can't Wag It's Own Tail

As a small business owner or Salesperson you need to remain positive and up beat at all times. You need to be able to remain happy and outgoing. When someone says to you how’s it going or how’s business you need to be able to say great, fantastic, couldn’t be any better.

Just like no one wants to pet a sad dog, no one wants to do business with a sad or unenthusiastic business person or salesmen. You need to find something to be positive and upbeat about every day. If that first sales appointment doesn’t work out you need to see if you can learn from it and move on. I actually make the first sale of every day I run appointments. The sales I don’t make were like practice, pre tests or experiments. If I go a whole day without a sale well I had a great day at school because I learn something with every missed opportunity.

You need to get the right mindset. If you don’t think every day is great day try missing one. Do positive things and you will be positive. Surround yourself with the right people and you will be positive. Instead of watching the news read a book by Zig Ziggler, Or Anthony Robbins. Listen to a tape by Wayne Dyer or Brian Tracy. Fill your mind with positive self talk.

I start every day reading pages 36 and 37 from Think and Grow Rich. If you want to be enthusiastic act enthusiastic. If you want to be happy smile and clap and laugh and act happy. Always look for the positive in every situation. Its up to you, you can get bitter or you can get better. I choose to get better.

The Internet as a Place to Buy Prescription Drugs

It is now possible to buy prescription drugs on the Internet and a lot of people have taken advantage of it. However, a lot of people use this convenience in order to get high. We are not allowed to buy a prescription drug without having a prescription for it. However, many people order these dugs from foreign pharmacies online to get around this restriction.

Some people believe that online prescription drugs are one of the leading sources of illegal drugs entering this country because they are so popular. In my opinion, this belief is possible because I know several people who have been buying prescription drugs on the web for years.

Purchasing prescription drugs on cyberspace is easy and safe so it became prevalent. It is unlikely that you will be caught when you buy prescription drugs. This is because the government is not firm on going after individuals who purchase prescription drugs illegally. They are more focused on capturing the companies that sell them without requiring a prescription.

Most of the folks who buy prescription drugs have a legitimate medical reason for doing it. The government would look bad in the mainstream press if it ended up busting people who are legitimately sick. This would lead people to withdraw support on the government’s anti-drug campaign which would hurt the efforts to fight against illegal drugs. This means that folks who buy prescription drugs are largely overlooked.

The high cost of prescriptions in this country is also a significant factor that drives many people to buy prescription drugs online. You might not be able to afford the drugs that you need, unless you have prescription medical coverage in your health care insurance. This is because the major drug companies have so much power. You can save a lot of cash if you are willing to buy prescription drugs from other countries like Canada or India.

Pharmacies that sell prescription drugs to Americans are often legitimate. You need to provide a prescription before you can purchase the medication. They also double check everything rigorously. You can do it legally and save a lot of money if you buy prescription drugs from these legitimate companies. This option makes sense for elderly or for people who have chronic medical conditions.

The Silent Sales Man

This is the story of James, the Restaurant Waiter.

As a restaurant waiter, I make £5.00 an hour and work 30 hours a week. That’s £150 a week. Once I pay my rent, buy my travel card, make my food shopping for the week, charge my electricity key and pay for gas, I am flat out for the rest of the week.

However, this is my social life; I have been to every club in town, eaten at every posh restaurant in the country, attended horse races every weekend, played golf with the country’s wealthiest men and flown round the world in less than 3 years. I hardly pay for things and most of all, I have nothing less than £4000 extra cash at the end of every week.

No! I am not a male prostitute and no! I am not a drug dealer. Neither am I an arms dealer. What do I do? I work at this posh restaurant in the west end and earn £5.50 an hour, working 30 hours a week. My secret is what I do during working hours .

Interested? Then read on...

In my first month of working as a restaurant waiter for Petrus, one of Gordon Ramsey’s restaurants, I made a decision to study every single customers that came through the door. This was my territory and I felt it was important that I was aware of every single person that came in and out. The first thing I noticed was that there were different categories of people that came in to the restaurant. We had the regulars, the first timers, and the once in a blue moon customers. I also learnt that you could never judge how wealthy a customers was just by what they were wearing. The extremely wealthy could not be bothered to make an effort and the middle class would do anything to show off. A gentleman trying to impress his new found girlfriend is another story entirely. You could also never tell the generous from the down right stingy.

As a result, I took it upon myself to treat everyone like they were worth a billion dollars. I knew all customers by name within the first 20 seconds of meeting them and remembered their names. This created familiarity and trust. The next thing I did was to concentrate on building instant rapport by finding something of a common interest between us. I used John Maxwell’s triple A treatment; Acknowledge, Affirm and Appreciate. Acknowledging their presence and understanding their reasons for being in our restaurant was critical to a keeping the rapport going. Affirming their status and my loyalty to serving them was also critical to gaining and maintaining trust. Lastly, appreciating them in every way, allowed them to open up to me. I became their friend.

My next strategy was to put myself in their shoes and be them for that day. This enabled me to act before they asked. For example, if I noticed that a couple needed a next round of drinks, it would be on their table even before they asked for it. I was able to master this by studying their body language. My last strategy was to make sure that when ever I acted in such a manner, I made sure to let them them know that it was on the house. I gave something free. Not the drink, because they could afford it but caring, understanding and a friendly hand. At this point, I deliberately positioned myself out of sight and waited for them to request my presence. Absence makes the heart grow fonder and as a result, I ended up with generous tips, business cards, free invitations, membership and access to prestigious places, resorts, clubs, hotels, courses, games and much more.

Key Lessons to learn:

Step 1:
Evaluate your territory and the potential clients in it.

Step 2:
Treat everyone like a they are worth a billion dollars. Give each person an experience worth remembering.

Step 3:
Empathise with your each person by putting yourself in their shoes and seeing things from their point of view.

Step 4:
Take action. Do for them what they are thinking of doing for themselves and ask for nothing in return.

Step 5:
Do nothing, be silent, still and patient. The business is about to roll in.

How to Find a Successful Business for Sale

If you are a businessman or you think about becoming one, then you should look for reliable information about business for sale. What are your choices? You can choose from several sources of information, judging about their reliability: friends, partners, business news and Internet. Let’s analyze your possibilities.

In an era of speed and Internet, specialized websites seem to be a reliable source of all types of information, including business for sale information. You can find online information about business for sale listings, reviews and specialized articles. You can start by clarifying what type of business for sale you would like to buy. Websites that present business for sale listings listed by industry, by state and other listing options are considered the most efficient and professional ones. There is the possibility of browsing businesses for sale by sector: agriculture, engineering, services, retail, leisure, manufacturing, wholesale and distribution. If you are not afraid of borders and cultural limits, you may search for a business for sale in other countries. The most popular countries for developing businesses are: Australia, Canada, China, France and some other European countries, New Zealand, South Africa and Thailand.

You can find a successful business for sale listed by industry, be it the case of restaurants, fast foods, convenience stores, detailing and car wash. If you have experience in one of these industry domains, then you can go for it and find the most suitable business for sale for you. If you lack ideas concerning the suitable business for sale, then you can find out online what the most popular searches are: restaurants, hotels, shops, auto repairs, bars and nightclubs, and internet businesses. You can also show some interest in franchises, successful businesses that have predictable results, expenses and other facts. From this point of view, this type of business for sale is the most successful one and is able of transforming anyone into a successful businessman, as long as the main conditions of a franchise are respected. Some websites that have business for sale listings present a franchise directory with brief description of this type of businesses for sale.

Websites that present business for sale listings offer the possibility of choosing a business for sale by region or by price. In this way, you can narrow your searches for finding a business for sale that is convenient from the financial point of view and from the regional point of view. You can start your searches for a suitable business for sale in the category of most recent businesses for sale. Besides, these websites offer the possibility of being informed with the help of resource centers. In case the entire search seems too complicated or you don’t have enough time for competing with other potential buyers of a business for sale, then you could find a professional business broker or agent to help you with this matter.

In case you want to sell a business, you can include it on the business for sale listing, with the necessary information required by the managers of the website. You can find potential buyers for your business in this way. Basically, you can do anything as long as you know where to look and what to select. Good luck!

Are You A Self Promoter?

Have you ever heard of any of these people:

· Dale Earnhardt

· Dr. Phil

· Martha Stewart

· Donald Trump

· Madonna

· Billy Graham

Regardless of their chosen profession, business or discipline, each of them is successful for a variety of reasons; but one thing they all have in common is that they are or were relentless self-promoters.

Being a self-promoter can conjure up many different images in the minds of many, some negative, some arrogant, some self-serving and some envy; but, in the end, this ability separates the also-rans from the supper successful. If you think of Herb Kelleher, (the founder of Southwest Airlines), you might think he was a lunatic. If you mention Bill Clinton, you’ll get two very opposing reactions; and if you bring up the name Michael Jordan, you might get very consistent reactions. But one thing they all did was self-promote in one way or another.

As I was thinking about writing this book, I was wondering: Has anyone ever been super-successful who did not have self-promotion as their companion as they brought their ideas, products, or talent to the rest of the world? I couldn’t think of anyone. Maybe you can, but I’ll bet that if anyone has achieved enduring and satisfying success, self-promotion was high on their list of traits.

What exactly is self-promotion? Is it self-confidence? No. There are a lot of people with strong self-confidence who are not comfortable in self-promotion. Is it talent? No. Many very talented people have never been successful or publicly heard of.

I could also mention numerous people in specific professions, who are super-successful, but because they are not relentless self-promoters, you don’t hear about them; their success is not measured by fame.

Now don’t get me wrong here. I am not saying that fame or fortune equal success. I am only saying that self-promotion is one of the most evident traits of successful people. Let me illustrate this with familiar examples.

Is Donald Trump smarter than other corporate executives? Is Oprah Winfrey better looking than other media people? Was Bill Waldron (the founder of Wal-Mart) better educated than you or me?

I am telling you, education is important. Talent is important. Effort is important. Timing is important. The right contacts are important. But even if you have all of these, you can still never achieve greatness or sustained success without the willingness and ability to be a relentless self-promoter.

Selling More at the Point of Sale

Point of sale generally means the point at which the customer pays for their products or services. Point of sale (also known as POS) includes but is not limited to: the cash register, the cash drawer and the receipt printer. If you are a merchant that uses POS, you can also use POS items as marketing materials. For example, you could display products that you have a surplus of near the cash register to allow customers to impulse buy. This is quite effective when the point of sale merchandise has been marked down in price or is on clearance so the customer knows that they are getting a great price on the items.

You could also use POS marketing merchandise such as toppers for the cash register. Regardless of what the price is for the merchandise, it’s placement on top of the cash register or other part of the POS system will make customers look at it and consider buying it.

Other options that you have for using your POS system to sell more merchandise include using your thermal printer of receipt printer to print return coupons for your visitors. You could even print the coupons on the back of their cash receipt. This will help to encourage customers to come back soon in a shorter amount of time.

As a business owner your goal should be to sell as much as you can to your customer. This can be enhanced by the point of sale products that you use. Whether you use POS marketing merchandise, other marketing materials, or even electronic options, take advantage of the dollar at the point of sale. Whether your POS is on the web at an ecommerce website or if it is in a retail location, the final look at what you have to offer is quite important to the customer. Point of sale products are, in fact, likely to help you to sell whatever it is that you need to if they are used correctly as marketing medium.

When Does A Sales Become A Sale?

Here's a question for all you sales pros. And don't cheat and peek down at the answer before you at least give it some thought and try to come up with an answer on your own. "When does a sale become a sale?"

I was still fairly new in the sales industry, working at a new car dealership when I first heard this question in a sales meeting. Everyday, before our store opened for business, the entire sales staff would gather in the "War Room" to kick off the day with a sales meeting. I always looked forward to those meetings, not because I was into the rah-rah stuff, but because as a young salesman just learning how to sell, I was surrounded by older veterans and I always learned something from the daily exchange of ideas that came from those early morning meetings. The meeting usually were centered around sales challenges that might have come up in the previous day and then as a group, we'd all chip in and try to come up with good responses to the objections. It was a great learning environment and a great way to start off the sales day. Anyway, one day my manager asked the question, "when does a sales become a sale?" Now on the surface, this seems like a pretty simple question. In fact at first, you might think that it's somehow a trick question. But it's not. There was about 15 or so salesmen in that room that day, many of them were grizzled veterans with lots of sales experience, so I was anxious to see if anyone could answer this question. Many hands shot up with an air of confidence, certain that they could solve this riddle. First, all of the obvious answers were called out in rapid succession, "when they sign the contract" someone called out. No, that's not it. "When they give you the down payment", no. "When they drive away with the vehicle." Nope. "When their loan gets approved". Still not the right answer. After a while, the hands stopped going up. Here was a room full of prideful, experienced, smart veteran salesmen and not a one of them could answer such a basic question about the sales process. We finally gave up as a group and waited for the voice of wisdom to enlighten us. And enlighten me it did. For the answer to the question, "When does a sales become a sale?" opened up a whole new way of thinking for me as a salesman. The correct answer was "A sales becomes a sales when the customer takes possession of the merchandise IN HIS HEAD." Think about that for a second. That is absolutely brilliant! A sales becomes a sales when the customer takes possession of the merchandise in his head. Wow! If that's not that's Zen selling, what is? That answer crystallized in my head the process of selling.

You see, once the customer decides mentally in his head that he is going to buy your product, you are over the hump. Now all you have to do is get him to admit it to you, but that's not necesarily that easy either. Remember, the customer will always think that it is in his best interest to not let on that he really wants your product, otherwise he loses all of his negotiating leverage. So he has to keep you guessing as to what he is really thinking. But that's OK. Your job as a salesman is to try to find out how you can discover his true intentions. That's the hard part. That's where the "Trial Close" come into play. A "trial close" is a question that is designed to solicit a answer from the customer that will help the salesman determine if the selling process has been successful enough to proceed to the next step of the sale, which is closing the sale. Since this is one of the most crutial steps in the sales process you need to have a great trail closing question that will help you determine if and when your customer has taken possession of your product in his mind. The trial close that we were taught to ask at this particular dealership was "If I can work our the right price for you, are you ready to buy this car today?" As a trial closing question, this question was OK but in my humble opinion, I could come up with better.

Oh sure, the answer the customer gave you would determine whether or not the customer was willing to buy this car at the right price, but I didn't like it as a trial closing question because you were already telling the customer right off of the bat that you were going to be discounting the price of the car. Since I didn't like giving away my commisions, after some thought and consideration I came up with this as my closing question "Where are you planning to take your first trip in your new car?" Now this might not seem like any great closing question, but it is and I'll tell you why. If you are buying a new car, or a new boat or a new house, or some other big ticket item, the first thing that you are going to want do is to show it off. Can you imagine buying a new boat and not calling your best friend and inviting him to go boating with you as soon as possible? Anyway, the point is that when you buy a big item like a car or a boat, you are already planning your first outing in it. So remember what we said about the customer taking possession in his head. When you ask him where is he taking his first trip in his new car, watch what happens to his eyes. He sort of looks up, his eyes roll back just a little as he pictures himself behind the wheel of his new car, driving down the road. He just bought that car in his head. He can see himself in that car. Now it's only a matter of a little negotiating, but for all practical purposes he owns that car. He might not come right out and say it because that would weaken his negotiating leverage, but his eyes just told you what his mouth won't. On the other hand, if he really didn't like the car for some reason or other, his answer to that trial closing quesiton would have been "wait a minute, hold on, I didn't tell you that I wanted to buy this car." Now you know that you need to do some more selling on that vehicle or perhaps maybe even show him another car. The entire point of the trial closing question is to help you make a determination if and when the customer has taken possession of the merchandise in his head.

Good luck and good selling.

Making Successful Appointments

A Successful Appointment Is About Reaching A Mutually Beneficial Agreement Between The Parties Involved.

Would you ever make an appointment with someone you knew would waste your time, money and resources? If you are smart, I am sure you wouldn’t.

Let us change the question. Would you ever make an appointment with someone you knew would deliver value and increase your worth in relation to your time, money and resources? The most obvious answer is yes. If your answer is ‘YES’, then why on earth do you think people still go to appointments thinking of what they want out of it rather than what’s in it for their clientele (this could be a buying customer, an employer, investors or anyone you are trying to gain a commitment from). When your focus is about getting what you want rather that giving them what they want, you will most likely walk out of the meeting empty handed.

Why?

Another question for you to consider answering: Would you ever make an appointment with someone who was not willing to give you want you wanted and needed but was seeking to get something from you? Probably not. It does not benefit you in anyway. That’s why!

No wonder most appointments never result in a total success. Everyone is thinking in terms of what’s in it for them. I wonder what would happen if we did the following:

See things from our prospective clients point of view and put ourselves in their shoes instead of ours.

Establishing what their immediate and long term needs are.

Focus on how what we have to offer can meet their immediate and long term needs, with a keen interest to see their business grow.

This Step By Step Guide Guide Should Also Help:

1. Target clients who can afford to pay Would you take a job with an employer who couldn’t afford to pay you or give you what wanted in relation to your career? probably not.

2. Do your homework Who are they? What do they stand for? What do they do? Where do they want to be? How do they plan to get there? What do they need to get there and how does what you have to offer meet this need? You don’t go for an exam without preparing for it. Preparation is about knowing what is required and giving 110% more than is required.

3. Walk in their shoes Just because you feel the answer to the questions should be answered in a certain way that is different from what is required, will not get you an ‘A*’. This is a definite ‘F’. By walking in their shoes, you understand what they want.

4. Invite them to try your shoes Once you can see things from other people’s point of view, they will most likely see things from your point of view. This is where you show that you have what they want.

5. Help them to see it working for them Imagination is a gift for all. Use it to help them see the end results, then they will see the added value.

6. Give them what they want At this stage, make the offer and ask for the order at your price. Remember, they can now see the added value.

Generating Highly Targeted Sales Leads… With No Cold Calling

Sales leads are a funny thing. Some are just better than others.

One of the main reasons that some are better than others is that some are targeted to the right group of people. The right group of people is the type of person who would normally benefit from your product or service.

So the first step to generating great sales leads is to identify your target market. You need to find out what specific group of people you are selling to and then find out how to market to them.

For example, if I’m selling software to track a business’s payroll and expenses I can find out who my target market is by analyzing my product. Let’s see, the software works best with small companies who don’t have the time to track all their payroll and expenses themselves. So now I can analyze who my target market is.

Based upon my analysis I’ll probably want to market to small businesses of 1-15 employees who are fairly new and don’t have any software like it yet. They also might be less than tech savvy and just want a time saving solution.

So knowing that I can find my target market by advertising to brand new small businesses and I will market with less than technical information and more benefit driven sales copy (always a good idea).

I can easily contact a list broker with prospects just like this one and I can either mail them something by snail mail or by email. I’ll write a great headline and sales copy driving these people to my website for more information and also give them all of my contact info (email, physical address, toll free number, fax number) so they can contact me if they are interested. And if I want I can even follow up with them with another email or phone call.

If I’ve done everything halfway decent I should have enough sales leads to last me for the rest of the quarter and I should make quota working 4 hours a day while everyone else works themselves silly working 10 hours a day.

Monday, April 2, 2007

Improve Your Sales by Going Outside Your Comfort Zone

Most people rather be dead than move out of their comfort zone. While there is nothing wrong with comfort zones in order to expand our cold calling skills and succeed in sales we sometimes have to move out of our comfort zone and into unfamiliar territory. The first step is to break away from old and rusty sales habits that we have build up over time Make a list of everything that you want to do or improve on in your sales career what you’d like to accomplish, the results you want to achieve and how you will go about accomplishing that. When you have determined your goals and objectives you can then take the next step in making them reality.

"The reality is we need to understand that coming out of our comfort zone and feeling uncomfortable is part of the process of the first step to achieving sales success" says Claudine Waskowycz. Some sales people use the discomfort as a reason not break away from old habits. What this means is that they don’t achieve their true potential. We must learn to tolerate discomfort in order to grow in the sales industry. Don’t avoid success because you think the responsibility might be too much.

She goes on to say, "change is always frightening when we first step out into the unknown, but we can only improve upon ourselves and our lives by meeting and greeting our fears head on and passing through the fear, once we have met it head on we find it isn’t so frightening after all. So do something that scares you every week."

Overcoming obstacles and beating the odds. Here are some tips from Claudine in which you can step outside your comfort zone.

•Don't let someone steal your dream. Dreaming about success is great, but there are millions of poor dreamers. Taking action on just one thought or dream can lead to an avalanche of sales. You MUST act on your actions.

•Every sales champion has learned to not only operate out of their comfort zone, but to thrive on continually pushing their sales in directions that take them outside of their comfort zone.

•Expecting no resistance. Many new sales people give up at the first sign of resistance. Sales champions expect resistance - even drive to create it. Success is achieved by breaking through pockets of resistance.

•Create a mindset of a sales champion. Why? Because Ordinary wouldn’t be enough for someone who has the mindset of a champion. Champions think like champions. Champions think big. Champions work toward big goals. Champions are focused. Champions are disciplined and oozes great attitude.

Think like true sales Champions and tell yourself day and night that you can and will reach your goals.

Retail Store Hiring

So many retail business owners and managers have little expertise in hiring employees, and many owners find themselves plummeting in debt due to bad hiring decisions. It is very important for a business to consider what kind of help is really needed and define job descriptions before opening the door to hiring more employees. Employers should know what a new employee would accomplish from store fixtures to mannequins to slatwall displays to customer service and sales.

The first step to hiring staff is making sure that the store is already as organized as possible. From reading mail to paying bills, to assisting customers, time management must be accurately defined. Many owners and managers find that they really do not any more staff at all once the store is finally organized properly according to time. Also, tasks such as marketing, bookkeeping, taxes, and technology can all be sent to professionals. These tasks are not important for the owner to spend time doing. If anything, the owner is better off talking with customers than sitting in the back punching numbers. Customers love to talk with the owner of the establishment. It gives them a great connection to the retail environment.

If after reorganizing and managing time it still seems that there is too much work to do, it is more than reasonable to begin the hiring process, but store operators should realize that it will take much more time at the beginning to hire, train, and do payroll. Yes, even hiring help takes more time. The organization done previously should help during this period, and make the added work more bearable.

Another thing to realize in the hiring new staff is that it will cost money as well as make money. There is the obvious expense of an employee's payroll, and the time and energy it takes to train and hire them, but they will also begin to save time, energy, and money. Workers compensation and payroll taxes are other added expenses to extra workers, so it is important to consider the current budget of store operation to make sure there is enough to cover all of these expenses. Remember that this employee may generate plenty of new sales to cover their salary. In fact, this is the objective. They need to be able to bring in enough extra sales to make it worth keeping as an employee. If this is not the case, there are other options to consider such as part-time employment, temporary employment, and independent contractors. These can be great alternatives to immediate full time employment and can take a little of the responsibility away. However, if an employee can definitely create a profit from their work, full time employees can be the best addition to a business as long as the owner/operator has an accurate grasp of the responsibilities that come along with it.

Better Products Make Better Sales?

It is an age-old concept that better goods attract more customers, but what most people do not understand is what makes a better product the better product. In the American commercial environment, the actual quality of a product often comes in last when considering what really affects the sales numbers. Rather, the most important thing is to help people believe that you have a better product. This is accomplished several ways, but the first, and possibly most important step to creating a better image of your products, is to be different.

The first person you need to convince that your product is different and unique is yourself, the owner. Products do not make themselves unique, salespeople do. Those retailers blinded by the idea that customers buy products because they believe in their unique quality all on their own are seriously mistaken. The reality of product image is that customers are attracted because the seller believes in the unique quality of their products. It all depends on the seller and their ability to differentiate their product.

There are so many areas in retail sales that can be different from other competitors. The way you and your sales team handle customers is sure to make a difference. Consider how you make appointments and how you confirm them. Are there any ways to make this easier or organized? Think about how you begin and end sales calls and how you ask sales questions. Do you and your sales staff do anything to set you apart from the rest? It is time to get creative and operate in a way that makes you completely unique. Possibly the most important thing to consider is how you present your products. Do customers believe your sales personnel that this product is truly unique? The only way for this to happen is to truly create this belief among salespeople. Customers will believe it if you believe it. However, the physical presentation of the product is also of very great importance. Retail store display fixtures such as mannequins, gridwall displays, slatwall accessories, clothing hangers, and showcases can make all the difference when designing the presentation of your products. Think of ways you can use store fixtures in different ways such as colors or positions. There needs to be something different about your sales floor.

Differentiating your products through unique customer service and product image is proven to create sales. Consider the iPod from Apple. There are thousands of mp3 players on the market that sell for fractions of the cost of iPods, but the iPod is unique. Why?? Because apple says so. Customers need to believe they are getting something different from your retail store, and if they do, they will pay more for it. Don't let prices sell your products, let people sell your products, because when price is involved in sales, it always goes down. Customers will gladly p

The Art of Upselling

Why stop with the initial sale when you can make great profits from upselling? Millions of people do not realize how much money they are turning away with every sale they make. There is a huge profit potential that is perfectly honest and legitimate. Upselling is no scam. In fact many people appreciate the suggestions and are thankful to purchase the products when they can. It requires a very small additional effort from sales associates, but brings in enormous results. The classic upsell is to offer a larger discount with the purchase of an additional item. You have seen this tactic exhausted on television ads.

Sometimes they will include a free gift if you upgrade your purchase to something else. One less assuming tactic that adds very little work on an employee is to offer other items as the original order is being processed. The classic example of this is the "supersize." The extra little comment, "Would you like to supersize that," brought them almost a 25% increase in profits in the first campaign. People are very likely to say yes in this scenario because they think about the extra product they will receive rather than the minimal cost. The reality of the situation is that McDonalds makes a profit on every supersize. Regardless if your store has an equivalent to supersizing, pick something that can be offered easily to the customer as they are checking out. Also consider items that might go well together.

In retail clothing stores, these items are often things like cashmere socks that are "on sale" or perhaps mentioning one of the sales in the store. Many customers will balk at a sale and want to check it out while they are still in the store. These are known as "back end" sales and though it may seem that their profits are minimal, over the course of hundreds or even thousands of customers, it makes an incredible difference.

Possibly one of the most effective forms of upsales is using a secret weapon product or service. This commodity is one that you have developed or researched and use as a general upsale item for every customer. The more general and appealing this item is, the more profits you will make. By simply asking the customer if they would also like to pick up one of these items, is guaranteed to produce results and is a very small amount work for sales employees.

The profits to be had in organizing an upsell strategy are fantastic. There is no reason why every company should not have an upsale protocol. Consider the products you already sell and get started on the cheapest and most profitable sales strategy there is.