Sales Management Blogwatch – November 19, 2008

 

The Best of the Sales Management Blogs

A colleague asked me this week about my first commissioned sales job – he, too, started in sales and worked his way up to management. After a few minutes of friendly banter about old school sales managers and the like, we went back to our regular grind.

Reflecting back on my first sales job, I was reminded of the 2’ by 30’ banner that hung over the sales desks. It was my first day, and as I walked into the salesroom I was greeted by grumpy faces of weathered salesmen and that gigantic banner. The banner read “Nothing Happens Until Somebody Sells Something.”

I thought this saying was a little hacky back in the 1980s, and I think it’s a lot hacky today; but it did get me thinking about the current economic situation. With Citibank laying off more than 50,000, Circuit City and other retailers declaring bankruptcy, and about 2 million auto industry-related jobs in jeopardy – it begs the question: Could some of these companies have sold their way out of their problems?

I don’t have a good answer to this, but my gut tells me that great sales leadership could have made a difference. It always does.

Back to the Blogs

Are you struggling to provide great sales leadership for your team? Perhaps some of these “Best of the Best” blog posts and articles hold the key – there are some great entries this time, including some that focus on selling in the down economy. Enjoy!

Sales Management: Differentiating Your Business during This Recession
What you feel is your differentiator and what you believe you customers want and/or should want is not necessarily true – especially during a business slow down. This article will give you some insights on how to separate your company

Monday Morning Manager-Common Sense Rule # 1
You’ve been waiting a while for this opportunity and it has finally fallen in your lap-sales management. You’ve been with Widget International for 5 years. You have grown your territory every year and you are one of the leaders in the

What Does Your Client Touch Program Say About You?
For instance, I work obviously in the areas of sales and sales management. Most salespeople and managers know there are a great variety of training methods and theories. Controversy and going against convention isn’t an issue in this

Maximizing Your Price–The Value/Benefit Equation
Price increases are currently occurring at a faster rate than we’ve seen in the US economy for nearly 25 years. The driving forces behind these increases seem to be

Sales Management: Avoid Motivational Bankruptcy, 6 Tips for …
The president of an office supply company was recently lamenting that his sales people were not operating to their potential. “Motivationally bankrupt,” he said. This is a very common complaint in any area of business. …




When Should You Walk Away From a Deal?   Now! The second that question begins to form in your head you should be prepared to walk away now. That is not to say that you shouldn’t perform a thorough evaluation of options, examine how the deal can be altered or

Doggin’ It
Not by design, but this week a number of the discussions I had with prospects/clients had to do with front-line sales managers. This is a good thing since for a long time I have been a firm believer that the biggest bang for the buck in

Guest Article: “Managers Continue to Teach Their People How to …
Managers Continue to Teach Their People How To Avoid Full Accountability By Keith Rosen. “What is that guy doing now?” It was just an odd maneuver. Something out of the ordinary from what would have typically been an everyday experience …

Sales Management Corner: Common Sense Rule #2
Last week I mentioned that a new sales manager shouldn’t start at this position by making changes. After assuming the role, a manager should have the salespeople assessed. Too many managers want to change their salespeople without …

Sales Coaching Without a Playbook
Sales management has a significant impact on critical sales performance metrics, including turnover rates, sales cycle length, and quota attainment. Recent research by CSO insights indicates that just the ability to proactively identify …

Sales Management in a Down Economy
Our next three posts will focus on Sales Management in a Down Economy. Here’s the first of three things you absolutely must do as sales manager if you want your sales team to continue to thrive and succeed – no matter what the headlines …

Are You a Sales Professional or Semi-skilled Laborer?
We in sales work in what we like to claim is one of the highest paid professions, yet statistics indicate we are, in fact, employed in one of the lowest paying professions. In fact, we are engaged in a business that is unevenly divided …

CanDoGo is Now a Free Site–Get Great Sales Tips from more than 60 …
I have great news to share with you. I am one of the exclusive authors/speakers/trainers/coaches for a company called CanDoGo that delivers concise advice for sales, personal development, leadership and motivation over the Web. …

Avoiding the Price Question Early in the Sale
The price of your goods and services is always a primary concern to your prospects. Whether you like it or not, price is top of mind with the majority, if not all, of your prospects; and you probably find the question of price comes up …

3 Strategies to Help You Meet Revenue Goals Even in a Down Economy
Ludwig says the sales management team, with the involvement of their salespeople, must evaluate each individual’s sales funnel to determine which opportunities he or she should pursue. Come up with a short list by looking at factors …

 

Sales Management Blogwatch – October 31, 2008

The Best of the Sales Management Blogs

The editors of AskTheManager.com pulled some of the best posts and articles from the past couple of weeks and assembled them here for your reading pleasure. Enjoy!

Selling is a Profession to be Proud of
I am a sales trainer and coach; I am a sales management consultant; I am a writer and speaker; and I am a salesperson. As the owner of a sales training and management consulting company, I don’t have the luxury of concentrating on just

The Seven Myths of Sales Management
Being a sales manager is one of the most difficult jobs on the planet. It requires a thorough knowledge of virtually every aspect of the business. And it suffers from a high turnover because the sales manager is ALWAYS the scapegoat

Share expert tips with your clients and sell more
Using a video blog like this one below is just so easy to do these days. It does not require sophisticated equipment to create your own video blog. You can shoot a 2 – 5 minute video tip on a very simple camera, upload it to YouTube,

Ten Tips to Tap the Power of Prospecting 
Many salespeople prospect little, if at all, for two primary reasons: they are so focused on short-term results of their job that they fail to build a career and they become …

Sales Prospecting for Appointments by Email
A salesperson for a silicon valley software company, Sabrina was tasked with calling on CIO’s in Fortune 1000 companies. Her cold calling skills were a bit rusty, and she was under serious pressure from sales management to produce. …

It’s Your Move: Keeping the Sale Moving Forward
One question I hear from salespeople on a regular basis is: “what do I do after the initial meeting with the prospect to maintain contact and increase their interest?” The question from their point of view is, “what do I say when I …

Sales Management Newsletter – Your Sales Funnel: Fiction or Reality?
How much business do you have in your funnel? That’s not a rhetorical question. Look up the number – and then remember it because by the end of this article, it’s going to be a lot smaller. That’s because most sales organizations’ …

How to Connect Better to Increase Your Closing Ratio
Have you ever wanted to increase your closing ratios? The first thing that will improve the number of people most people ever close is to actually have enough contacts. I’m not talking about just more…

Turn Your Client Database into Gold
Right this minute, you are probably sitting on tens of thousands, maybe hundreds of thousands of dollars worth of commissions. Most registered reps have a database of current and past clients whose potential referrals are worth several …

Attitude, Expectations, and Reality
“I have to work harder than before, but even so, my sales this month will be better than last October’s.” “My prospects and clients are certainly feeling the pinch of the economy and they’re fearful. But I also closed the biggest sale …

Keeping Sales Associates Motivated
What can sales management do right now to ensure a healthy pipeline down the road? At TBD, we believe that good leadership is key at this juncture. Sales management needs to stay close and committed to two-way communication and coaching …

Applying the Concepts of Continuous Improvement to Sales Leadership
Growth depends on sales and sales depends on your sales management systems. But surprisingly, many companies pay scant attention to managing this critical area. Are your sales management systems as fine-tuned as your other business …

Sales Management Style – The Positive Motivator
Regardless of its implementation, having a Positive Motivator Style in your Sales Management is another foundational key to having a successful Sales Organization. What are your thoughts on this? What are your favorite stories, …




 

New Managers – How Do You Keep From Getting Run Over?

New Managers – Avoiding the Inevitable Traps

AC from Saskatoon, Saskatchewan (that’s in Canada for the geographically challenged leaders out there) wrote us in August for some advice on how to gain respect as a new manager. To read her original concerns and our response, please follow this link.

We were anxious about her situation, because it was so very typical of young managers tasked with leading entry-level sales reps with nothing to lose. It is much easier to lead six-figure salespeople and middle managers with skin in the game than it is to manage an immature group with too many other options.

From the sound of it, AC is doing the right things (and doing them right):

I just wanted to update you… I have taken all your insight straight to the bank. For 5 of the last 6 weeks, our store has been number one of the 58 stores coast to coast. I am constantly trying to reinvent ways of being organized and efficient…

That’s outstanding news, AC. For anyone who doesn’t understand the first rule of business, it is to make money for the owners of the company. AC’s store is clearly performing at the highest level for sales and she is continuing to look for ways to improve. Obviously, there are good things to come for AC in her management career.

While it can be said that Sales Cures All Ills, issues remain in AC’s store. AC could not get her team to complete a fairly simple task of keeping 12 clientele books updated, so she reduced the workload to a single book, expecting her team to relish in the efficiency and simplicity of the plan. As AC soon learns, no good deed goes unpunished.

My attempt blew up in my face. I can honestly say that it hit the fan that day, and people were up in arms. They had reacted as if I killed their dog. This change has created a catastrophe of tension within the store, and it feels like a junior high clique. I have never used my position to do whatever I want; I have goals and have always lent an ear to those who have an opinion, because I respect the opinion of my associates.

So, sales are good, but small changes create chaos. Moreover, it seems that the team does not appreciate AC.

These associates have taken advantage of the good grace and now feel the need to tell me how to do my job. I would be more than welcome to negative or positive feedback as long as it’s not a complaint session and a positive outcome could be reached. Such is not the case, fingers would rather be pointed than solutions found. These associates only seem to appreciate me as long as I am accommodating their every whim: letting them leave early and paying them for the rest of their time; letting them take coffee breaks and extended lunches; and having all their requested days off met while still trying to accommodate their need for hours. I’ve come to the conclusion that I am a pushover, and perhaps have created a beast that I no longer want to feed. 

AC, you’re not a pushover. You’ve made some great decisions (or your store would not have been number one for 5 of the last 6 weeks), though you have hit some inevitable roadblocks for new managers. I’m hopeful that these past two months have helped you understand that employees are never satisfied.




Employees Want Everything

It’s really a true statement that your employees want everything. An immature workforce, as is typical in a mall clothing store, is never satisfied. Give them an extra ten-minute break, and they’ll want twenty. Let them go home at 4:30, and they’ll want to leave at 4. Give them a $100 raise, and they’ll want $200. They will never be satisfied.

I’ve always said that if you gave an immature workforce the right to sit at home and watch TV and still earn the same amount of pay, they’d complain about when the checks arrived. They will never be satisfied.

Say it with me: They will never be satisfied. No matter what you give, they’ll always want more. They’re too immature to understand the needs of the business. If they could understand this, they’d attempt to balance their wants with the company’s needs – they won’t. Since they will never be satisfied, it’s time to stop giving. You can still reward, but you want to learn the difference between favors that gain nothing for the store and rewards that drive results.

I thought that there was a good work environment and that everyone was getting along, when in fact there was so much two-facedness going on that I was oblivious to. I can’t fix a problem I don’t know about. I’ve always been an honest person and I can own up to my faults. How do I fix this issue and establish myself rather then have people run me over?

Just like with small children, it is important to set the boundaries and limits for your team. Don’t stick anything in the electrical outlets. Don’t cross the street without looking both ways. Don’t touch the stove.

With entry-level workers, you have to expect that all of them will eventually leave for one reason or another, so don’t be afraid to allow some of them to depart right now. Set the limits on what is acceptable behavior, the length of the coffee breaks, quitting time and the schedule. Explain that you will be flexible so long as they are flexible and the store is meeting its goals.

For those who want to grow with the company, they’ll get this right away and they’ll perform. For those who are just too immature to help the company reach its goals, they’ll find something else to do. (Of course, they’ll be unsatisfied at their next job, too.)

Be Fair – Great Leaders Always Are

Let them know that if they need special consideration (e.g., they want to go home early or get a certain day off), that you’re a fair person who’ll work with those who are willing to work with you.

Let them know that your only job is to help them be successful, and that you have a primary goal to make this a fun place to work. Of course, it won’t be fun for anyone if you don’t meet your objectives. They can help you meet those objectives or they can find somewhere else to work.

Explain that while this may sound harsh, the economy we’re faced with today does not reward poor performing groups, although those who like being on the number one team have nothing to worry about.

Find an External Enemy

Sales is a competition and good salespeople are very competitive. Right now, it sounds like the enemy of the salespeople is their manager. You need to turn this around. Give them a new enemy to focus on: the other fifty-seven stores in your company.

Post the sales results of every store, every week. Highlight where your store is on the list and where the five or six geographically closest stores rank. Celebrate (by congratulating and thanking your team) whenever you are ahead of the others, and ask for suggestions (from your team) when you are not. When your team is focused on beating the snot out of the other fifty-seven stores, you’ll be amazed at how the petty issues of the past seem to go away.

Sales Management Blogwatch – September 28, 2008

 

The Best of the Sales Management Blogosphere

As is our custom at AskTheManager.com, we’ve scoured the Sales Management Blogs to bring you the very best posts and articles from the past week.

For the past several months, we’ve paid close attention to the Leadership Development, Management Training, Time Management and Sales Management Blogs, and we have to admit that the very best entries week in and week out come from the superb Sales Management Bloggers out there.

This week is no exception. Check out these great reads for some terrific advice for Sales Managers and Salespeople. Enjoy!

9 Management Philosophies to Develop Teams Into Elite High Performers
I remembered asking my mentor and colleague Alex Nicholas, (the author of Applied Concepts Institutes’ Sales Management Leadership Program), this very question. Here’s his answer – High performance managers have a set of management




“I Do!” Design An Offer That Commences The Sales Marriage By Lee B
Salz is a sales management guru who helps companies hire the right sales people, on-board them, and focus their sales activity using his sales architecturer methodology. He is the President of Sales Architects, the CEO of Business

Training and Sales Management
Finding just the right training material on sales management can be tricky, but well worth the work. Training sales management is one of the best ways to ensure that your company runs efficiently. Training material on sales management

Management myth
A good leader is needed to control the sales team with a wonderful sales management system, for we know that the sales team is like the soldiers in front of a battle. Without a good commander and management system, the army in front

Bailout, It’s Just a 7 Letter Word–Or Is It?
Your daughter has grossly overextended herself. Her credit cards, mortgage and car payments alone are three times her monthly take home pay. Up until now she’s been able to rob from one to cover the other, but it’s now caught up with

Top 3 Common Mistakes in Sales Management
But how will you be able to sustain it The secret is actually effective sales management. The problem is not a lot of business owners do understand the concept of sales management that they end up committing these top 3 common but …

Guest Article, “How to Become a Winning Sales Ace,” by Waldo Waldman
How to Become a Winning Sales ACE By Waldo Waldman. If you want to test the true character of a person, see how they respond to adversity. Watch how they handle the pressure of a lost sale, an angry client, or a difficult boss. …

Our Professionalism May Be Killing Us
He was promoted into sales management and to this day has fortunately not changed his unique personality. He still talks fast, and we love him for it. Further reading: What’s the difference between crazy and genius in sales? Results. …

Now Is The Time to Suit Up for Battle
I’ve received several emails and phone calls from clients wanting to know what they should be doing right now. Should they be battening down the hatches? Shrinking their sales teams? Waiting to see what happens in Washington this week? …

5 Factors Of Consistent Marketing
By creating consistency between your marketing and sales management, these two departments can come together and work together instead of against each other. The primary item to understand is to make sure you are directing your company …

Sales Management Strategy: The Ball of String Approach
How many times have you hired a new sales manager and because he or she was experienced and successful somewhere else, they understand how to be successful in your organization …

Mmmmm. Money…..
So let’s think about money for a moment. I personally love this topic. We all love money right? In fact, it is one of those “things” that we all have experience with – from a very young age at that. So you would think we should all be …

The Fundamentals of Sales Management
The entire gamut of activities listed above and some more tasks form sales management. Selling is the vital activity of a company on which the question of very survival rests. And the entire process of selling involves these tasks that …

Why Decision Makers Hate Cold Calls
The simple answer to why decision makers hate cold calls is cold calls are one of the biggest time wasters for them. Decision makers hate cold calls and have no interest in taking your call because all you do is waste their time. …

Monday Morning Manager-Help! Who Do I Hire?
You walk into a sales management position for the first time and the company needs 5 salespeople ASAP! Let’s make this situation real (because it has happened to people) by saying that you knew prior to taking the job that most of the …

Why Salespeople Fail
Although the title manager provides some internal satisfaction regarding professionalism, the practice of sales management is rarely professional. Insofar as personal responsibility is concerned all sales managers believe that they are …

Guest Article: “Successful Selling and the Theory of Relativity …
Successful Selling and the Theory of Relativity by Lee Salz. Albert Einstein formulated the theory that says that space and time are relative concepts rather than absolute concepts. For example, consider a car speedometer reading at 65 …

Referral Prospecting – The Smart Way To Prospect For New Business
I’ve been training sales people for 29 years now and I have had so many sales people come up to me during a break and tell me…”I’m really good at selling. Just put me in front of a prospect and I’ll get the order. …

 

Sales Management – Blogwatch September 21, 2008

 

Sales Management – The Best of the Blogs

The Sales Management Blogs have been as busy as the editors of AskTheManager. We’ve been remiss at brining you the very best Sales Management tips and advice, but we’re back with a vengeance.

There is some great advice in this week’s blog posts and articles. We hope you enjoy these masterful Sales Management Advice aimed at helping you increase sales for your entire team. Enjoy!

The Seven Myths of Sales Management
In the post “Better Sales Manager: Obama or McCain” I discussed the role of the sales manager in terms that we’re entirely complimentary. That’s not because I don’t respect sales managers, though. Let’s talk seriously for a moment.

Do You Use Salesgenie? A Couple of Cheaper and Maybe Better
We all know that finding information about prospective prospects is difficult. Certainly we have access to their website, which information is helpful but not complete. Not only do we need more information than we’re likely to find on

Are You Skeptical?
I’m sure you’ve heard of social media. I’m sure you’ve heard what social media can do you for your business. I’m sure you’ve heard that social media is going to change your life. I’m sure you’ve heard that if you’re not involved-if you

Sales management strategies – a purpose to every call
I’m in the process of really ramping up our sales and marketing efforts at Everon, and I’m always on the lookout for great ideas on how to do so most effectively. One of the things that I’ve found in all great sales organizations is




Sales Management
It is “Sales Management” which has the last laugh over every other aspect of the business. Many a time it has been seen that a better quality product or service has given place to an inferior quality product or service only due to

Networking Lessons from Mother Teresa and Machiavelli
Little, sweet, big hearted, concerned only with the poor, the hungry, the homeless. That’s our image of Mother Teresa. And she was that in reality. But she was more-much more. Conniving, heartless, power hungry, goal focused,

Closing the sale – it’s not what you say, but when you say it
So many sales people talk beyond the point where their prospect has already made the decision to buy, and if we do this, we may well end up with the prospect losing interest or deciding to “think it over”.

Sales Management
Importance of sales management is critical for any commercial organization. Expanding business is not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that

 

Why do so many business solution providers struggle to reach their
will keep on bidding if not totally blind then certainly partially so, despite their poor chances of success. They may well be working hard, but are they working smart? Sales Coaching & Sales Management Training to Drive Results.

Mushroom Management RIP
You’ve heard of various sales management styles to avoid right? You know, like Mushroom Management! – These sales managers keep you in the dark and feed you manure every now and then! Well, here at MTD Sales Training we have come up

Looking For THE Silver Bullet in Sales?
Ah, the endless search for the silver bullet, that magic formula that will make sales so easy, so quick, so painless. For many in sales that Don Quixote quest is never-ending. The internet is full of sites that promise that magic …

The Number One Reason Why Prospects Don’t Purchase
Well, in my 25 years in sales and sales management I’ve seen many sales people who are afraid of the word “no”. And there are also some who are afraid of the word “yes”. If you fit in either of these categories, it’s time to get over …

 

 

 

 

Sales Management – Blogwatch August 31, 2008

Best Sales Management Blog Posts – Week of August 31, 2008

 

The editors of AskTheManager scoured the World Wide Web to bring you the Best Sales Management blog posts and article available for the week of August 31, 2008 – slim pickings on a holiday weekend.

 

Of course, most leadership development and management-related blogs on the web are filled with either immature advice or money-making scams, though most authors who write sales management blogs seem to really know their stuff. These selected posts are filled with useful information and void of the overused tips and tricks found in the time management weblogs (again, the pickings are pretty slim because of the long holiday weekend).

Free Prospecting Whitepaper from Tibor Shanto.
By Brad Trnavsky
Just a short post to announce that one of our members Tibor Shanto just recently released a new whitepaper about prospecting called “Above The Pipe! – Part I: Three Must Haves for Prospecting Success”. I just recently downloaded it,

In the operating room tomorrow, wish me luck!!!
By Michel Chiasson
These are all things that are difficult to find in today’s sales management approach. I am not saying that I am the best salesman there is. I might think it, but I am not saying it. I am saying however, that all along the career of a

Guest Article: “Six Ways to Prove the ROI for Sales Inquiries,” by
By Paul McCord
The Six Ways to Prove the ROI for Sales Inquiries by James Obermayer. Are there more than six ways to prove the ROI for inquiries? Probably, but these basic six ways to prove the ROI will start you off. 1. Salespeople report: The best

Book Review: Words That Work: It’s Not What You Say, It’s What
By Paul McCord
Imagine knowing the words, ideas, and concepts that influence people to buy, to make a choice, to solve a problem, to commit to your solution. Imagine being able to write or say something that immediately strikes a nerve;
Sales and Sales Management Blog – http://salesandmanagementblog.com

 

 

Sales Management – Blogwatch August 23, 2008

It was pretty potent week for the Sales Management bloggers. This week the editors of AskTheManager.com found some good Sales Management and Sales Training advice in the following posts and articles, with the best stuff coming from Paul McCord and Brad Trnavsky:

Attitude and the law of attraction.
By Brad Trnavsky
A few days ago I wrote a post about the importance of attitude in selling. I ended the post by saying opportunity is everywhere you look, the real problem is learning to recognize it when you see it. Today I am going to share with you
Featured Blog Posts – Sales Managemen… – http://www.salesmanagement20.com/

Line Dancing and Sales Failure
By Paul McCord
Musically, I live in the distant past. If an archeologist found my iPod they’d be sure I died sometime in the early to mid 70’s. My taste in music hasn’t evolved past The Beatles, the Stones, Deep Purple, Led Zeppelin, Pink Floyd,
Sales and Sales Management Blog – http://salesandmanagementblog.com





Social Media–It Ain’t All Good
By Paul McCord
At times the praise of social media would make one think it equivalent to the Second Coming. Although there are certainly many good things about the uses and potential uses of the various technology now available to businesspeople and
Sales and Sales Management Blog – http://salesandmanagementblog.com

Did Yesterday’s Post Go Far Enough?
By Paul McCord
I received an interesting email last evening from a reader of yesterday’s blog post wondering if the impressions people have of who they would purchase from would change if they took into consideration the candidate’s communications
Sales and Sales Management Blog – http://salesandmanagementblog.com

Sales & Marketing Communications Strategies
By noreply@blogger.com (David Stanaland)
When I was in advertising, there was no virtually no contact with the sales teams except through the brand management team when sales management would attend the P&L meetings. I later worked in technology consulting and software sales
Are You Serious? – http://dstanaland.blogspot.com/

It’s as Much How You Say It as What You Say
By Paul McCord
Over the past couple of days I’ve conducted a mini survey of about 60 business owners and senior managers of corporations on their impressions of Barack Obama and John McCain from their appearances at the Saddleback event last Saturday
Sales and Sales Management Blog – http://salesandmanagementblog.com

Pharma Sales – Storytelling for Success
By Michael Byrne
The story of how your product can make a significant difference to patient wellness, told by your representatives, has a huge impact on the success of your company. As every representative on your team has their own unique style of

Why Not Use An Interim Sales Manager?
By Tom Schaber
I thought back to a talk I gave several weeks ago about sales management and the traits needed to be successful in that role. About five miles after that thought and the topic for the post materialized.
Total Sales Manager – http://totalsalesmanager.wordpress.com

In Sales Attitude is Everything!
By Brad Trnavsky
Today’s post is based off a message I received from Janine Aguero a fellow member at Sta.rtUp.Biz and it got me thinking about opportunity and attitude. Its not a new story by any means, but it had been a very long time since I had
Featured Blog Posts – Sales Managemen… – http://www.salesmanagement20.com/

Turning Worthless ‘Referrals’ into Real Clients
By Paul McCord
Sales through referrals from clients make up less than 7% of the business for over 75% of all salespeople. Yet referrals are the basis of business for most of the top 5% mega-producers. Why do so few get so much from referrals when the
Sales and Sales Management Blog – http://salesandmanagementblog.com

 

Sales 101 – The Value of Competitive Product Knowledge

 

Does Competitive Product Knowledge Have A Value?

 

How important is it for a salesperson to know about and talk about a competitor’s products and offerings? I’ve heard strong arguments on both sides for whether or not to talk about the competition in a corporate appointment.  How important is it for a salesperson to know about and talk about a competitor’s products and offerings? From a LinkedIn.com subscriber

 

This question was posted on LinkedIn.com and TheManager felt compelled to include the answer on this site. (You’re Not Linked In? Shame On You.)

 

This question and the answers provided by other LinkedIn subscribers can be found by following this link.

 

Unless you’ve been living under a rock, you obviously know about LinkedIn.com – the Facebook for business people. Everyone and anyone is LinkedIn today. A great business resource, LinkedIn offers social networking and career development advice unmatched by any source on the Web. (Of course, if AskTheMananger.com offered social networking, we’d surely smoke ‘em J.)

 

To The Question At Hand…

 

Don’t be silly. It is CRITICAL that every sales representative in your organization know as much about their competitors’ products as the competitors themselves know.

 


Primarily, you’re doing a disservice to your customers if you know only half the story (yours). By gaining a true understanding of your competitors’ strengths and weaknesses, you can decide the best approach to securing a customer as your own.

 

Imagining or wishing that a competitor’s product does not offer this or that is foolish. Acknowledging the advantages of a competitor’s product helps you design sales strategies that highlight the unique advantages of your own. Believing your customer has not already heard your competitor’s sales pitch is naïve. They have, and they are going to compare what you say against what the competition claimed.

 

All of this is not to say that you need to disparage your competitor’s product. Actually, the opposite is more effective in a sales presentation. You should praise the unique advantages of your competitor’s products while highlighting the truly unique advantages of what you offer.

 

Knowledge Is Power

 

I’m sure this question was posted on LinkedIn to excite the readers and drive conversation, and it worked.

 

But by following a solid, consultative approach to selling, your knowledge of a competitor’s product should almost never come up in the conversation. However, if your prospect asks you direct questions about your competitor’s offering, you should be prepared to showcase your knowledge.

 

Remember, people by from people. If your knowledge of a competitor’s product is sub-par, it’s likely your prospect will question the validity of your claims. In a true consultative selling environment, you move from vendor to partner in the eyes of your prospect. A true partner would know their market.