Sales 101 – Stop “Venting” and Start Selling!

Are You Venting or Just Making Excuses?

A colleague recently posted a rant about the quality of the leads she was handling on an automotive industry social network. As a part of her diatribe on her most recent batch of Internet sales leads, she gave some great examples of just how bad the leads really were. Her examples proved that some of the leads (certainly her examples) were indeed crap with a capital C.

In case you’re feeling like you should be the next one to go online and rant, read on…

Venting can be cathartic, and for those of us in your shoes, we know your vent will probably be warranted. After you’re finished venting, however, be sure you’re factoring in the percentages. Once you do this, you’ll likely find that things are much better than you imagined.

Like my colleague’s, yours will probably be a rhetorical venting, but I can’t help but provide a little advice. I’m hopeful you take this in the right light, as the following is the same advice I would give to any sales manager who expresses similar dissatisfaction in the quality of their leads:

“Failures” in the Sports World

  • You should know that the most successful hitter in Major League Baseball history was Ted Williams. In 1941, Williams maintained a .406 batting average. Since then, no MLB hitter has been able to break .400. This means that in the last 68 years, every batter in baseball has failed more than 60% of the time. Are they all failures? Of course not.

  • More recently, Derek Jeter of the Yankees won the Silver Slugger award in 2008 and was an All Star for the 9th time in his career. Should Jeter waste time venting about the 70% of the at-bats he had last year where he failed to get a hit? Of course not.

  • Michael Jordan is the greatest basketball player of all time, yet his NBA career shooting percentage is just .497. He missed more shots than he made! Is MJ a failure? Of course not.


A traditional team in my industry handling Internet customers closes about 10% of their leads, a very good Internet sales team can consistently close above 18%, while a great team generally closes above 25% of all leads. This means that even the great teams fail to close 7.5 out of every 10 leads they receive. Wow, those guys are either complete failures or those leads must really stink!

Do the Leads Stink or Does the Team?

Of course, neither statement is true. A team closing 25% of their leads consistently is on the top of their game… and the leads they’re working are of the same quality you’re working.

The truth is that with proper lead counts, a great process and a dedication to that process, any team can be successful closing sales leads.

I’ve always believed you can vent about the bad leads or you can sell the good ones.

Stop Whining and Start Selling

While I’m not sure how my colleague took the advice above, it could be worse. I could have simply recited Blake’s words from Glengarry Glen Ross: “The leads are weak. F***ing leads are weak? You’re weak.”

We can always find reasons we cannot succeed… they’re called excuses. It’s time to stop whining and start selling.

Email Etiquette for Message Importance – When “Importance: High” = “Don’t Waste Your Time”

Quick, Read This Email… Now!

Today I received another in a long line of email messages from a certain vendor touting their newest and greatest product improvement. This email, like all of its predecessors, arrived in my Outlook inbox as a message of High Importance. Because I receive just one in five hundred messages marked “Importance: High,” I generally give these more than a quick glance when they arrive.

Imagine my surprise when I noticed a subject line this morning that read **Special Sneak Peek: (Vendor Name Omitted) New Guided Search**. I thought, “Wow, this is big news! You made an enhancement to your website that will have little to no effect on me or my business, and you sent me the details in a message marked High Importance. Congratulations! I now like you even less than I did five minutes ago.”

The Email Who Cried Wolf

No need to rehash this as a new millennium version of the famous fable attributed to Aesop, except to say that with each email of miniscule importance sent by this vendor that masquerades as a critical Top Secret UMBRA message, I lose more interest in reading anything they send… anything.

In fact, it’s become so bad that I now treat all of their messages akin to how one would treat the proclamations of a ten-year old who brags about what a big boy he is every time he makes “doody in the toy-toy.” We get it, congratulations; you pooped.


It’s not just egocentric vendors who misuse the High Importance selection in Outlook, though it does seem to be solely the province of the unintelligent and unsophisticated. Ever get the High Importance email on Tuesday afternoon sent to everyone at your company reminding you that the office refrigerator will be cleaned out promptly at 5:00 PM on Friday? Chances are your CEO didn’t send it.

You Don’t Sell Plasma

Out of every 500 High Importance emails I receive, about ten truly require my immediate attention – and none of these ten ever originates from a vendor. Here’s a quick email etiquette tip: if you’re a vendor who does not sell plasma, stop acting like you sell plasma. The more you try to make your customers care about your (fill in the blank), the less they care.

High Importance status should exist solely for those emails that require both immediate attention and for which there will be negative consequences if they do not receive immediate attention. If your email merely requires that the recipients read and respond, write “RESPONSE REQUIRED” in the subject line. Likewise, if your message requires that recipients take an action based on the email, try placing “ACTION REQUIRED” in the subject line.

What About Tagging Something “Low Importance?”

Here’s a bonus to those vendors who don’t understand basic email marketing rules, and who mark their outbound sales messages as “Importance: Low.” Likely you tagged these emails as having Low Importance out of some misguided consideration for your recipient. Congratulations, your emails are ending up in SPAM filters all across the Web. Quick tip: never mark any email as having Low Importance. If the email is truly of Low Importance, don’t send it.

For that matter, if the message only highlights some unimportant feature enhancement of your website, don’t send that email either.

Sales – Why Do Some Salespeople Take It Personally When They Lose An Account?

 

Sales: It’s Nothing Personal

A salesperson who works for one of my company’s primary vendors – someone who happens to be a former coworker and a person I considered to be a friend – just lost a bid with my company. The vendor had held this business for the past several years and we were nearing the end of the latest multi-year agreement.

While the successful bidder’s price was a 20% discount to what we were paying (and a 35% discount to the incumbent’s best and final offer for the proposed agreement), the primary reason we decided to make a change was the deteriorating level of support and innovation the incumbent has been providing over the course of this latest contract.

It’s nothing personal. It’s just business.

By rejecting the incumbent’s bid, we were not rejecting the salesperson (we’ll call him Rich). Interestingly, Rich is taking it personally. In fact, he’s become an invisible man since the day we made our decision. Why is he taking it so personally? I ran into Rich a couple of days ago (we live in the same town) and even though it’s been a month since we chose his competitor, Rich was short and cold with me. What happened to the warm friendship we had as coworkers and as buyer/seller?

Why I Became a Sales Manager

When I was a commissioned salesperson, I rocked. Not to brag, but I routinely sold double what the second best salesperson at my company sold. I sold like crazy and I made a whole bunch of money… and I was miserable. I was miserable, because even if I had a 50% closing ratio, which I generally did not, half of all my prospects told me “no.”




I took it personally. I’ve always believed in my product so much that when someone rejected it, it must mean that I had done a lousy job of explaining it to them. “How could anyone not buy this?” I would wonder. I decided that if I was going to stay in sales, I would have to move to management.

It takes a special kind of person to be a happy and successful salesperson. You have to be smart, quick-witted (not the same as smart), ballsy, lack a certain amount of pride and be willing to taste defeat more often than victory. Most importantly, you cannot take it personally when someone tells you “no.”

I assume it will take a few months, but eventually this former friend will become a friend again. I’ll have to set a reminder in my calendar to be sure and tell Rich what an ass he was back when he lost our business, and how he shouldn’t take it personally – it’s just business.

 

Sales Training 101 – Reciprocity is Childsplay

 

Reciprocity – Sales Training 101

From a very early age, we all learn about reciprocation. That is, when someone does something nice for us, we tend to do something nice for them. As humans, most of us don’t want to be indebted to someone else – especially someone we barely know.

In sales, we often forget the power of the lessons we learned when we were five; and we fail to use these simple techniques and other great manipulative gestures to get our way with a client.

As bad as that last sentence sounded, this really is what commissioned sales is all about. If you cannot manipulate someone to buy what you’re selling, then why do we need you to sell for us? We would be better off firing our sales team and putting everything we offer on a table and letting the customer choose what is best for them. Of course, companies whose products require salespeople would be out of business in a week if they chose this path.

If you can get past the whole “manipulative gestures” of sales, then you might just have a career as a sales manager – and you can begin teaching your sales team some basic lessons on gaining a “yes.”

Tit for Tat – How a Coke Will Make All the Difference

One way to use reciprocity to your advantage (if you’re an inside salesperson) is to offer (with no strings attached) every prospect who walks into your store a can of ice cold soda or bottle of water.

This little gesture is so manipulative that it should be outlawed. When you give someone a true freebie, they cannot help but be open to your pitch – they owe you.

Studies have shown that the simple act of unilaterally offering something for nothing can increase sales by 25-50%. Wow! We spend hours on sales training to gain a 5% incremental advantage; it’s hard to imagine that a bottle of Dasani or can of Coke can do so much more.

It can, and it does. The bottle of water accompanied by a sincere “it’s a hot day, thought you might enjoy this” or “you looked thirsty, hope this helps” will go a long way to improving your closing percentage.

If you’re an outside salesperson, it might be necessary for you to learn something about your prospect and then show up with something cheap that you’re sure they’ll value. If they have kids, bring a few pieces of company-logoed chachki that appeal to children, for example.




Think Small and be Careful to Keep the Strings Unattached

Earlier this year, one of my company’s vendors took a colleague and me to the Super Bowl in the Phoenix area. It was a great game; and it came with an all-expenses paid trip that probably cost the vendor $5,000-$7,000 per person.

I enjoyed the game, and I appreciated being asked. I did not, however, increase my company’s use of their product. In fact, less than seven months later, I was actually advocating to others that we needed to reduce our spending with this vendor.

Why did this once-in-a-lifetime trip not sway me to become this vendor’s advocate? Why do they now feel they wasted their money on me and my colleague? Is there anything they could have done to get more value from this gift?

Forget for a moment that one of their salespeople once used the line “yeah, but we took you to the Super Bowl” to gain more business from me – big mistake – primarily there were two reasons their gift failed to drive the desire results.

Allowing myself to enjoy such a huge gift was difficult. I felt guilty and was worried there would be strings attached to such a great trip. My conscience bothered me, and a trip this big caused me to reexamine the vendor relationship to be absolutely certain there was no indication of impropriety on my part.

In effect, I began to “over-police” myself. When in doubt, I selected the choice against this vendor for fear that a decision in their favor would seem tied to their gift. The exact opposite effect they sought with the Super Bowl trip.

Secondly, the trip was nice, but it wasn’t very personal. We received free airfare, a free hotel stay, and free tickets to the game and other events. A packaged deal that cost thousands, to be sure.

Personalize the Manipulation

Where this vendor went wrong with both my colleague and me was that they didn’t bother to personalize anything about the trip. Everything they provided us was part of some package they had purchased. It was money and it was things; it was devoid of thought and showed no personal sacrifice or commitment on their part (save for the money they spent).

Had they spent an additional $50 per person and given us a commemorative Super Bowl football, for example, they would probably have us more in their debt; and we would have something to remember the gesture.

Additionally, both my colleague and I have children. Providing us with something we could take home to our kids (we’re talking about less than $100 here) would have made the weekend away from our families more worthwhile. As it is, I have a great memory of a great game and little else.

What Should You Do as a Sales Manager?

If you plan to add a little “manipulation by giving” to your sales team’s routine, it’s important to remember a few simple rules.

  • Rule number one is to keep it simple. Never try to “over think” your prospect or the role your company plays.
  • Rule number two is to consider the recipient. What drives them, and what would make them think you really care?
  • Rule number three is to make sure the gestures are personal and come with no strings attached. That is, walk away after you give the prospect the bottle of water. Let them know you’re here for them if they need you, but that you intend to let them browse on their own – and mean it.

Making a Sale Today is Tough

No one can disagree that we live in scary times. Whether you sell cars, furniture or cell phones, your walk-in traffic and your sales are down. In this economy, it is imperative for sales managers to find that little “something” that can separate them from the competition.

Open your mind, and realize it may very well be a can of Pepsi.

 

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 – 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. …

 

Do You Need a Presentation Projector?

The Good, The Bad and The Ugly with Presentation Projectors

A colleague commented the other day that he was presenting a sales proposal to a medium-sized company and their conference room was not equipped with a projector.

He had not prepared any handouts in advance and had to deliver the entire presentation from his laptop. (Imagine eight people all huddled around a 14.5” laptop screen.)

Of course, this is something he should have known about his prospect before he showed up to present. It seems my colleague forgot some of the Consultative Sales Training 101 Rules. For example, you never, ever go into a sales presentation without knowing a few important facts:

 

  1. Your audience (is the decision maker going to attend?)
  2. Their needs (and how your product meets their needs)
  3. The dress code (suits are not always a great choice)
  4. Presentation room dynamics (like, do they have a projector?)

Needless to say, he didn’t get the sale. This is probably because he knew little about his prospect and less about not having a projector, though he swore to get a good business projector and carry it with him to every presentation.

While I’m not sure that’s necessary, I do find it curious that the medium-sized company did not have one in their conference room. How do they train or present to their own employees?

What’s the Very Best Projector for the Money?

Because the range of business presentation projectors can vary by hundreds of even thousands of dollars, we put some of them to the test to see which projectors are good values for you and your business.




Primarily, you need to decide whether you want a portable unit (something that can travel and generally weighs less than 6 pounds) or a stationary unit. (If you’re reading this, then I assume you’re not trying to mount something to the ceiling and control it from a room down the hall – for that we recommend a professional.)

What the Heck Does DLP Stand For?

You will want to buy a DLP projector. DLP is an acronym for Digital Light Processing and it is superior to LCD (Liquid Crystal Display) in our opinion.

All of the recommended projectors use DLP technology to deliver crystal clear images:

ViewSonic PJ513D DLP Projector
This highly portable projector delivers amazingly clear images with the digital clarity of DLP technology with Brilliant Color. This is a great choice for small offices, classrooms or home use. It weighs under 6 pounds and produces 2,200 lumens (which is important when you want a projector). MSRP $725, though you can find it on Amazon for $435.

InFocus Work Big IN10 Ultramobile DLP Projector
This truly ultra portable DLP Projector weighs just 2.4 lbs and easily fits in your hand. While this is an unbelievably nice projector for the money, it’s not cheap. MSRP runs about $1,250, though Amazon lists it for under $1,000.

Epson PowerLite 77c 2200 Lumen Multimedia Projector
The best feature of the Epson PowerLite 77c is that it powers up in about 5 seconds. Like the ViewSonic PJ513D, it weighs about 6 pounds. Great image and great projector for the money. MSRP is $750, though Amazon sells them for less than $600.

InFocus IN24+ DLP Projector SVGA  
While this DLP Projector weighs less than 6 pounds, it’s not as portable as the other three on this list. It is, however, a great office projector at a great value. While it retails for about $660, Amazon stocks it for under $590. The colors are unbelievable; the images are crisp and clear. It’s a high performance projector that’s built for rock-solid reliability.

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