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Showing posts with label Philosophy of Selling. Show all posts
Showing posts with label Philosophy of Selling. Show all posts

Wednesday, 28 May 2014

How to Catch a Crocodile

: by Emma Clarke aged 9

elephant with a crocodile

As everyone knows,
crocodiles are large fearsome creatures so if you want to catch one you have to follow the rules really carefully.

If you want to catch a crocodile the first thing you have to do is to go where the crocodiles are.
(We know a lot of Sales and Marketing people who haven’t worked that one out yet)

Crocodiles as we all know live down at the swamp, so if you want to catch one you have to go down to the swamp,
but before you set out you must make sure you take the right tools.

What you need to take with you if you want to catch a crocodile is:

  • a blanket a pair of binoculars,
  • a pair of tweezers
  • and a match box.

So, making sure that you have remembered your tools, you set off down to the swamp.

When you get there you go down to the edge of the swamp and you spread your blanket out on the ground.

You take your tools and you carefully lay them out, then you lay down and go to sleep.

Eventually the big old crocodile will come by and poke his head up out of the swamp.
What will he see?

He will see you lying there asleep on the blanket!

“What’s going on here” the crocodile will think “I know what’s going on here, sleeping is what’s going on here”
and with that the big old crocodile will haul himself out of the swamp and lie down beside you on the blanket
and because you are sleeping he will go to sleep to.

(This technique is better than diving into the swamp with a net and a bowie knife)
[which many salespeople use to Close Deals!]


But because you went to sleep first you will wake up first , (this is the INSIGHT)
and there beside you on the blanket is this great big fearsome crocodile
and you think: “How can I deal with this?”

 

So you take your binoculars and you turn them round
and you look at the crocodile through the binoculars backwards
so that reduces him to a more manageable size.

Then you take the tweezers and you put him in the matchbox!  Simple!

Crocodile in a match box

In the case of Eating an Elephant, then this is BEST done in bite-sized chunks, which may be kept in a match box!


So you see nothing is impossible


and with the right approach it is possible to simplify the hardest task and make it seem easy!

  • The moral for Salespeople?  Take this nine year-olds advice:
    • Go where the Customers are.
    • Bring the RIGHT tools.
    • ADAPT to their situation
    • Bring INSIGHTS which enable you to “reverse the binoculars
      and VALUE to act as “tweezers” to put them in the Box!

N.B. I have to thank Emma for her insight; we should all learn how to think like 9 year olds if we want to Sell!

I also MUST acknowledge Dave Brock’s Great posts on Sales Fundamentals

http://partnersinexcellenceblog.com/principles-of-sales-part-1-interactions-between-people/

for putting me in the frame of mind
to see the TRUTH which Emma’s insights presented.

 

Monday, 22 April 2013

Simple Selling and Complex Selling

 

A Theoretical Foundation in Selling

 

image

This was the definition I used for 
twenty  years, it was based on Rackham’s research. Which he published in
‘Major Account Selling’, to distinguish between ‘simple’ and ‘complex’ Selling and then describe differences in successful Sales Behaviours. 

The multiple factors, in effect,
could be applied to almost any sale. 

 

 

In other words: ALL Selling was Complex!

By 2000 it was obvious that a Multi-factor definition was not working. 

One by one Factors which were not helpful or important were disappearing. 

First to go was “Competitive Situation”, this was not helpful in Contract Renewals with NO Competitor present, But the Sale was NOT simple! The “Long Sales Cycle” was a repetition of many meetings, in fact some Long Sales Cycles were Simple Selling, which just took a long time!

Decision means Major Change”, yet equally Minor Change with high Impact, could have a similar effect.  The amount of change often reflects the ‘Motivation to Change’, rather than a difference in Selling Behaviour.  “Long Term Partnerships”, let’s take out the word “Partnership” and just go with Long Term Seller/Buyer Relationships. 

We worked with the final two factors “Committee Decision” [not an individual] and “The Solution is Complex” from about 2000 until 2005, as it met most of our needs.  However, in 2005 we were offering some highly “Complex Solutions” in the Voice over IP and ‘Hosted Voice’ arena, and Buyers had NO interest in the Complexity, rather a desire for simplicity. “I don’t care how it works, Does it DO what we want done?”

in 2005, we wrote the final Definition of Simple and Complex Selling:

image

 

Selling is a Communication Process, an Interactive Competence,
which becomes increasingly COMPLEX as the number of Participants INCREASES.

 

 

 

image

 

One to One
is Simple Selling.

One to Many, or
Many to One,
is Complex Selling.

Many to Many is
VERY Complex Selling!

 

 

 

image

Observing Sales Behaviours in One-to-Many Sales Calls the level of INTERACTIVE COMPETENCE required for Successful Selling increases alarmingly.  Even the Observer is stretched identifying Behaviours. 

The Salesperson MUST have a Sales Behaviour Fluency many times higher than selling One to One.

If two Buyers means Complex Selling, then what if there are MANY Buyers?

image

 

A Sociogram of Big Telecom with a Major Bank Customer may look like this! 
Some Sales were simple Products, some were Complex Solutions. 
Some Sales had a Sales Cycle measured in minutes, some lasted for more than a year. 
Some were Major Changes [Telephone and Internet Banking], and
some were ‘Partnership’ projects with shared risk. 
There was a constant Competitive threat. 

 

Yet, the determining factor was Selling one to one or one to many!

 

image 

 

 

image

 

 

Today in 2013,
this definition of

Simple and Complex Selling
is crucial

 

 

 

 

image

Monday, 11 February 2013

Sales, Jobs for life!

 

Nobody has a lifetime Contract of Employment,

which is strange because Employers want Customers for life.

 

clip_image002

How do we understand a “Job for Life” in 2013?

I believe it is found in the concept of “EMPLOYABILITY

An ‘employable’ person is one who has desired Skills and Competencies,
which they can use to generate Value for their Employers, they are always in demand.

 

 

From point A to point B

As a Sales “Employee” you have the right that your Employer shall at least maintain your current employability.

It is to their current benefit
and it is of vital future importance to YOU.

Employability, for a Salesperson, is having a Portfolio of transferrable Selling Skills,
which will enable you to bring Value to your Employer whoever that is.

 

 

 

 

 

If a Salesperson’s Selling Skills are developed and maintained,
then I believe they will have a job for life.

Selling skills, FUNCTIONAL Selling skills, serve as a good foundation for Management and a great foundation for General Management.

Insist that your Selling skills, hence your future EMPLOYABILITY are at the highest level.

If your current Employer will not do this, then before you lose what employability you have.
Leave and find an Employer willing to maintain your Selling skills.

clip_image004In all events, recognise that YOUR future employability,
YOUR Job for Life, rests in YOUR own hands.

Take actions to safeguard your employability, do it for yourself!

Saturday, 21 July 2012

The Secret to Selling

 

A great sales Guru discovered the Secret to Selling.

It is comprehensive; it is elegant in its simplicity.

digital-guru

Those who learn the secret will have untold success and fulfil their dreams.

Using the secret will bring great wealth, which may then be demonstrated in Property,
possessions of great quality and a five-star life style for themselves and for their families.

They will be respected and valued by their Employers,
admired by their colleagues and loved by their Customers.

The great sales Guru who found and taught the Secret of Selling
retires and disappears to live in secluded luxury.

The Salespeople who learned the secret begin to fail.


They search libraries for new books, watch new videos and attend conferences for the secret.
They consult with Consultants,
they are trained by Trainers and
they seek coaching with Coaches.

They search for the Secret of Selling in Psychology,
they then resort Pseudo-Psychology and Folk Psychology. 

They ask neuroscience if they have found the Secret of Selling
and they are told of a Biological basis to decisions.

Computers are bought to enter, share and manage Data, to Control Relationship Management,
to give Sales Force Automation systems and process to the speculations of ignorance.

As their Revenue numbers drop and their success turns to failure,
their search becomes frantic.
Any street prophet, lunatic or charlatan is paid for advice and, even worse, they are listened to.

Salespeople pretend to their Employers that they still have the secret,
but they are losing the respect and value they once had.
Their Colleagues stop admiring them; instead they begin to resent their high salaries.

Customers no longer love them; in fact, Customers avoid them preferring to buy on-line.

Their five-star Lifestyle is no longer possible and their families resent the change.

And then, the sales Guru returns.

digital-guru

They ask again for the secret of selling.

He smiles then replies,

“The secret of selling is in the skills that you have,

the knowledge that you need, the work that you do,

the strategy that you use and the attitude that you hold.”

“After I left, you forgot this,
you listened to false teachers
and you looked for lazy answers.”

  • The secret of Selling is in Evidence Based Selling Skills, not in short cuts or proverbs.
  • The secret of Selling is in Appropriate Knowledge of Product/Market, not in bluff.
  • The secret of Selling is in Revenue Generating Activity, not in busy work.
  • The secret of Selling is in a Good Strategy for Your Customers and Your Competition,
    not in an imaginary Selling Process married to an imagined Buying Process.
  • The secret of Selling is in a Healthy Attitude to work,
    to your Employers, to your Colleagues and to your Customers;
    not in easy answers, tips, tricks, ploys and dodges.

Thursday, 22 March 2012

Three Times when a Salesperson MUST involve their Sales Manager.

 

decisions

1. Before a “walk-away” from an Opportunity

 

2. Before “No-bidding” an Opportunity

 

3. Before recommending a Competitor for an Opportunity

 

 

 

 

Over the last 3 years, all of these issues have arisen with BMAC Clients

and what was missing was the conversation between the Salesperson and the Sales Manager.

 

No Salesperson is allowed to take these decisions on their own, ever!

 

selling to the CEO

These three Decisions are Joint Decisions where the Salesperson “recommends
but the Sales Manager “decides”.

 

This more than just a “sanity check”, it is good Business practices. Taking the Decision on your own is not only Bad practice; it can lead to your dismissal.

 

 

1. The walk-away.


Learning when to walk away from an Opportunity is a key skill common to all Top Sales performers (and Professional Gamblers).
It’s a complex formula of Cost/Reward based on you “Likelihood to Win” the deal. If the odds are stacked against you, then it makes no sense to throw good money after bad. The common failure of Poor Sales Performers is to waste huge amounts of time on “No Hopers”, because they have a near empty Pipe line!
The walk away review with the sales manager should involve a Joint Customer visit, to confirm the facts. A bold move is to inform the Customer of your intended walk away and your reasons for it. Again, this should happen if it needs to, but it should not happen on a whim! 

Sometimes we have to change the Salesperson and reallocate the account.

2. No-Bidding an opportunity.

This should be done during a “special” Opportunity review. It is based on risk/reward, pursuing “no-hopers” COSTS our Company money for no reason, no reward!  Bids are expensive processes, the biggest cost is the other business lost while using key resources on the bid! It is reasonable to expect a win possibility of better than 50% before bidding an opportunity. The no bid special review occupies the 20%-50%, range. Below 20%, why are you bidding? The no-bid decision should be reviewed with both the Manager and the Customer. Strangely, the no-bid announcement can have a dramatic effect on the Prospect, increasing the likelihood to win greatly!

Again, the Sales Manager may have to reallocate the opportunity to another Salesperson if there is a particular need for Skill or Knowledge which would bring the opportunity to a “likely to win” status.

 

3. Recommending a Competitor.

(This would be a Firm which competes with you directly in the same Product/Market, not a Complimentary Product which you don’t have!) For many of my Clients this is NOT allowed. However, during the last decade, the rise of the “Trusted Advisor” has led to this occurring more and more often. There are two reasons, why salespeople may recommend a Competitor. The first is in a reasoned way, in the hope of winning TRUST and credibility with the Prospect which will pay off in a big way later. The second reason is because the Sales person is CRAZY. Both are really good reasons for NOT taking this decision on your own, but involving your Sales Manager to review your recommendation and for the Manager to agree or disagree, i.e. The Sales Manager makes the final decision. A key question which must be discussed internally is “What if I am wrong?” The consequences of giving your Competitor Account access AND your endorsement may have devastating and long term consequences. If the Competitor performs well, you could find yourself “locked-out” for years; if your Competitor performs poorly you may share the blame, thanks to your Recommendation! Lose, lose!

BMAC Consultants believes this is ALWAYS wrong.
If you are using it as a “technique” to gain trust, ultimately the prospect will realise you are manipulative. If you are foolish or crazy then you are likely to lose your job.

 

DON’T DO IT.

No-bid, or Walk-away.......
come back to fight another day!

 

Further thoughts on difficulties with Trusted Advisors:

http://brianmaciver.blogspot.com.es/2011/12/dont-trust-trusted-advisor.html

 

.

Wednesday, 7 March 2012

Selling is life or death.

I have been asked by a Sales Manager who I mentor,

"What’s the best way to sell life insurance?"

 

In the old days it was

“Reverse a hearse into their drive way, and then let them smell the flowers!”

 

hearse

Life Insurance was sold on a “Peace of Mind” Value,
“think of how your loved ones would be able to cope after you’re gone”. 
The Policy Holder inevitably, paid in but was not paid off.

I had identified with the Sales Manager his staff member with most success. 

She was a New Hire a Graduate Trainee, selling the product well. 

What was her secret? 

“I focus on women with new babies!” 

pram and baby

Every time a Pram comes in I ask
Have you thought of increasing your own and your husband’s life cover to include the new baby?”

The most frequent answer is “We hadn’t thought about it yet.” 

Then, I give them a short overview on Fatal Illness and Life Cover. 

She was having the most success in the office!

There are a couple of really useful points. 
When “Change” happens we are more open to other “Changes”. 

Responsibility is just as good a “motivator” as fear

AWARENESS is the first stage in any Buying Process. 

Spot the market, prepare the offer, give the insight,
construct the Value and let the Customer Buy.

We reviewed “CHANGES” in people’s lives that might provoke an Insurance review, we found 7. 

We ran a short workshop for five staff,
on identifying changes and when identified how to introduce an “Insurance Cover Review”. 

The most successful "change" now is “empty nesters”,
over-insured Parents whose children are no longer dependant on them. 

The product?  
A reduced cost policy which meets their current reduced needs.

happy_retired_couple
 

Insurance really is a cradle (or Pram) to grave business. 

So too, I think, is Selling!

Monday, 5 March 2012

Ignoring the Sales Forecast and missing Targets

 

The first Monday of the Month is when we “review” last month’s Sales Performance at the weekly Sales Review. It’s a bigger than normal audience with “guests” from Marketing, Tech Support and Finance. We were honoured today by the attendance of the CFO and the CMO, the meeting was chaired by the CEO.

Why such an illustrious audience?

Because we have missed two consecutive Month’s Sales Targets and
we are NOT on track to hit the quarter’s Target!
This gets the attention of the Investors and the Board.
There was a smell of fear in the room.

They say wolves sense the fear of their prey and that’s when they start howling!

wolf-pack

What the wolverines in the room didn’t know was the Sales VP and I had spent three days preparing for the encounter. We knew it was going wrong three weeks ago.

The early signs were “weak signals” an unusual Discounting Campaign from our prime Competitor announced in December, launched on Jan 1, was beginning to bite.

Despite Sales giving Both Finance and Marketing early warning, the signals were ignored.

Marketing decided they were NOT going to respond, Sales were told to SELL VALUE not discount.
Along with the Price Discounts, the Competitor offered great financial terms,
90 day payment terms with installation and setup charges delayed for 12 months.

Their offer was keen pricing and easy payment terms,
both very attractive in these “Frugal” times.

At the First Monday Monthly Meeting in February we had Presented Marketing and Finance with a list of 14 identified “at risk” Sales Forecast opportunities. They had stonewalled and not responded, we had escalated this to the CEO as a Valentine present of a visit with the CEO to an “at risk” Prospect.

“I like your Product, functionally its better, we have a great relationship,
BUT I can’t justify the extra cost. Comeback when you can compete financially!”

We lost the order.

The Sales VP and I had reviewed 6 lost opportunities during February, and a further 14 which were forecast for February close which were being delayed or postponed. The Competitor’s Disruptive Pricing had been a well executed Marketing Campaign, into a Product/Market with reduced budget and a drive for Cost Reduction.

So, “Who lost the Sale?”

Sales had brought early warning of the Competitive Threat to the table in December. Marketing and Finance had ignored them as “weak signals”. Sales had brought “proof” in February, Marketing and finance wanted to “wait and see”. The CEO had first-hand experience, a real time “Battlefield Intelligence”, but he had not reacted.

 

We closed the Presentation with the January and February “WINS” despite the competitive Disruptive Pricing. Sales had a 100% success where that Competitor was NOT present, Sales had only lost one time in five (20%) when the Competitive “Offer” was present.

 

Finally we offered the meeting this thought:

Consider the case of Bertrand Russell's Inductivist Turkey

turkey-head

“The turkey found that, on his first morning at the turkey farm, that he was fed at 9 a.m. Being a good inductivist turkey he did not jump to conclusions. He waited until he collected a large number of observations that he was fed at 9 a.m. and made these observations under a wide range of circumstances, on Wednesdays, on Thursdays, on cold days, on warm days.

Each day he added another observation statement to his list. Finally he was satisfied that he had collected a number of observation statements
to inductively infer that 
I am always fed at 9 a.m.''.
However on the morning of Christmas eve he was not fed
but instead had his throat cut.''

You cannot predict the future from inductive reasoning on past data,
a key lesson for Turkeys, Marketing and Finance.

Now, stop being Turkeys!

turkey cooked

 

Here are TWO excellent blogs on why Forecasting does NOT work:

http://wp.me/p1pSwe-as

http://awareci.com/2012/03/05/analysing-weak-signals-for-competitive-intelligence/

 

Learn why the “Competitive PRICE Campaign” was so successful?  

http://brianmaciver.blogspot.com.es/2012/09/selling-against-value-with-price.html

Tuesday, 28 February 2012

Which Sales Skills DON’T work?

 

chaffAn expression I am using more and more with Clients is
sorting the "Wheat from the Chaff".

And there is more "Chaff" in Sales “stuff”
than in the RAF and the USAF combined!

I have tried to form a set of Beliefs based on “Sales Values”

Since my Values are that all people have near infinite potential, then all people given the right opportunity and encouragement can sell.

Like most worthwhile things learning to sell, like learning to speak a second language, is a lot of hard work but we are all capable of doing it!

 

wheat from the Chaff

I use a winnowing process on Selling Skills, when you throw both the Grain and the Chaff in the air, then because the Grains are heavier they fall straight down but the Chaff is light weight it just blows away in the wind! The Sales “grains of truth” are heavier because they have the weight of evidence but the “Chaff” has no weight, its a Lightweight Idea and blows away!

 

 

A. Selling is a Skill set which can be learned.

B. No one is a “natural sales person”, it’s not DNA based.

C. It is NOT Personality or Trait based, either.

D. Successful Selling Skills can be observed, it is what we DO, or don’t DO, which makes us successful.

E. Show me the proof, what evidence supports the “stuff”.

F. Never take a Salesperson’s word, ask for Proof.

G. People who have never sold for a living (and gone Hungry) don’t really get Sales!

H. People (like Marketers and HR) who drink beer with Salespeople don’t really get Sales either.

Based on these Values and Beliefs there are no easy answers, no short cuts, no magic moves, no silver bullets.
Finding new stuff that is not “Chaff” is like panning for gold in a mountain stream. You find the odd nugget,
but mostly you just get wet feet, cold hands and a whole load of sludge!

panning for gold

 

Then, there is the good day when you come across a Masterful mother load, like Neil Rackham’s work, not just SPIN but BA, Sales Management and the Buying Process and evidence based Negotiation Skills.
Or, there is Practitioner Stuff that Holden, Miller, Heiman and Tuleja as well as TAS have produced.

We were treated last year with “The Challenger Sale”, which my Clients in Big Data, Big IT and Big Telecom are already putting to work very successfully. At the lower end (B2C) TCS is working well for Property Sales in a depressed market and Home Furnishings and Fittings, where Value counts.

However, once you start SNAPing “sales stuff” of the Airport departure lounge’s book shelf you fall into
Crazy, Facilitation, Fable, Mystery, Myth and Magik.

I have never read a “Selling My Way” book of any worth or which presented any evidence other than “Popularity”. Remember we use the expression “Popular Misconception”,
to see how stupid this is have a look at :

http://www.buzzfeed.com/chrismenning/20-popular-misconceptions

 

You could add:

  1. “Cold” Calling,
  2. A.B.C.,
  3. Objection Handling,
  4. “Pain-Point” Questioning,
  5. Value “Creation”,
  6. Selling By SFA, APP, CRM or Numbers,
  7. Sales “forecasting”,
  8. the Sales “process”,
  9. “Hunters and Farmers”


but if you did then many Salespeople would have NO skills,
and Many authors would have NOTHING to write about.

 
My favourite is “Sell, without selling.”
The long awaited sequel is “Golfing, without Clubs!” should be out soon.
Or, did Wii already do it?

So, I continue to read, books and blogs, found via Twitter, about selling.
The most popular ones are written by people who don’t get it.

They offer quick tips, easy answers and proverbs,
none of which will enable you to sell;
any more than “keeping your head” down will enable you to play great Golf
or learning a few irregular verbs will help you to speak Spanish.

Then there are a few who DO get it, Dave Stein and Dick Ruff for example,
but they still want to earn a living so they are nice guys, much nicer than me! 
So, they don’t always argue when they read nonsense, even nonsense that has been registered, trademarked and copyrighted.

We don’t know the whole story, which is “How the Buyer buys”,
and HOW we as Sellers can impact, effect and influence their decisions.

Sales is the next best game to Golf, Sellers like Golfers come in all shapes and sizes, nationalities and backgrounds.
You learn how to play, you avoid the chaff, you manage your own game and you succeed.

I wouldn’t have it any other way!

 

.

Monday, 27 February 2012

7 ways to detect a Phoney Sales Trainer

 

  1. Do they quote from well known courses? 

    But fail to grasp the Meaning of the Material, e.g. TAS or SPIN



    fake1


  2. Do they quote from self-appointed Gurus?

    Who come from the ‘self-help and actualization movement’
    e.g. Brian Tracy



    guru


  3. Do they offer clichés likefeel, felt, found
    or “people buy from people

    dysfunctional sales skills which never worked.


    danny-devito


  4. Do they clip images from from expert blogs

    to give an air of pseudo-science and proof to their nonsense?


    brain-mri_848_600x450



  5. Do they confuse pseudo-science about Personality,

    Psychometrics or Emotions for Real Selling Skills?



    emotional



  6. Do they offer worthless Software Sales tools

    to help “Sell by Numbers?”


    sell by numbers



  7. Final proof, when you read THEIR LinkedIn Profile
    did they spend 20 years in Marketing or

    does their “profile” suddenly begin 3 years ago?





    .

Monday, 13 February 2012

Can a 21st Century Sales Methodology be built on Proverbs?

 

Gangs we keepI had the great fortune to know my wife’s Grandmother. Born in 1900, at the province of Soria, Castile and León, Spain. She lived to be 93 years old. She left her village Castillejo de Robledo for the first time when she was 65 years old. Leaving behind the three story house which had been the family home for 4 generations, without the benefit of running Water, Gas or Electricity. The family had lived off the land for 200 years, a few acres of Vines which made the fine Ribera de Duero Wine, a few pigs, chickens and goats in a “corral”, a Burro to help till their wheat field and a “huerta” to grow vegetables besides the river.

It would be easy to label her a Peasant Farmer or even “Peon”, and she had had no formal education being unable to read or write.  Yet she and her husband had raised and ensured that her three children were well fed and educated. All of her children left the village and they came back to take her and her husband with them when they were able to. The house now with all utilities including Broadband, has passed, along with Vineyards, to her son who summers and harvests the grapes with some of his family.

http://www.cellartours.com/spain/spanish-wine-regions/ribera-del-duero.html

I met “Abuela Germana” in her early eighties, by turns she could be talkative or silent. She was a very interesting Old Lady.
Although she had no formal education, she could neither be described as ignorant nor un-educated. She was wise.
Her wisdom was expressed by Proverbs.

“You know a person by the company they keep.”

She repeated this to her Children, her Grand-children, and Great-grandchildren.
She would deliver the saying then explain what it meant, and how to apply it to life.

We reckon, for nobody ever counted, she had more than 500 proverbs. I first noticed that her “recipes” for Cooking were expressed this way, to give the ingredients and their ratios. She recounted Proverbs for Life, for married life and family life, for Farming, relationships with the land and water, when to sow and when to harvest, the best time for the “matanza” to turn Pig into Chorizo and Jamon, for relations with friends and neighbours:

“Good walls make for good neighbours!”

Many sayings were derived from the Biblical Book of Proverbs,
but even more clearly came from folk wisdom,
garnered through centuries living and working in the same part of Spain.

You will be glad to know that I will spare you from lists of examples,
mainly because she spoke them in Castilian Spanish, but often in a dialectal form.
They were understood by her and were “her way of thinking”.

So, I am no stranger to Proverbs.

My question is “Can a 21st century Sales Methodology be built on Proverbs?”

We could use expressions like :

better late than never

· Haste makes waste

· A stitch in time saves nine.

· Ignorance is bliss

· Better late than never

· You can catch more flies with honey than
   you can with vinegar.

· You can lead a horse to water, 
  
but you can't make him drink.

 

 

 

 

· Those who live in glass houses shouldn't throw stones.

· A bird in the hand is worth two in the bush.

· A little learning is a dangerous thing.

And easily make them apply to Sales and Selling,

“People who live in glass houses shouldn't throw stones” could apply to relationships with the Competition.

A commonly used proverb is “Don’t knock the Competition”
but what does that mean in a 21st century “Modern Selling” setting.

Is it glib? Has it become a cliché?

Does “A bird in the hand is worth two in the bush” mean that in Sales we should only pursue “sure things?”
or only take small deals or stay out of the sales underbrush and beware of Poison Ivy?

Could a Salesperson justify keeping damaging information from a customer by declaring
“Ignorance is bliss?”

Can unethical behaviour by Salespeople be justified under cover of Hyperbole
“All is fair in love and war [or sales]”

Or should we use the nemesis to successful Selling “ABC Always be Closing!”

In these “modern times” the anti-proverb is more widely used:
"Nerds of a feather flock together” could describe Facebook or perhaps better Twitter!

My answer to the question is NO!

A 21st Century Sales Methodology,  CANNOT be based on Proverbs.

 

It leads to Sales Myopia and a Dysfunctional Selling situation.

Sales time and energy is wasted on a simple quick answer inappropriate to a Complex Selling. The basis of all FUNCTIONAL Sales methodologies is in Sales Behaviour. DOING the right thing, in the right way, at the right time, during the right circumstances not regurgitating a cliché.

 

Evidence Based Selling Skills

rest in Identifying FUNCTIONAL Selling Behaviours,
in LEARNING how to execute those Behaviours
and in actually DOING them.

Here is a little evidence, a BMAC Study of 150 Salespeople identified as Sales “Poor Performers” by their Manager and Peers’ opinions, as well as by their actual Sales Results and confirmed by the results of Sales Skills Assessment;

90% described themselves as “Skilled in Sales Methodology.”


Almost all long-term “Poor Performers” describe themselves as able to sell,
yet the evidence is overwhelming that they cannot!

 

The use of Proverbs as a Sales methodology
I would simply describe as:

“A little learning is a dangerous thing.”

a little learning

Thursday, 26 January 2012

Is there a Generation Problem in Sales?

 

As a Sales Consultant I get to work with Salespeople of all ages.

 

3 gen men

And, I love the diversity.

Gen Y

Gen X

Baby Boomer

Diversity

Self-centred

Optimism

Social

Disloyal

Involved

Now!

Impatient

Go the extra Mile

Anti-Authority

Distrustful

Achieve

Community

Independent

Family

 

Influencing Factors

I-Phones

MTV

KFC

Ninja Turtles

AIDS

Woodstock

Indignados’

NIKE

Equality

NYC twin towers

Kuwait/Falklands

Vietnam

 

 

This is my list, how I see ‘difference’.

Personally I love them all, but that’s because I’m a Baby Boomer. Two parents, male and female, two brothers and loads of girl cousins, stay at home Mom and working Dad. Encouraged, but not forced, to study. Stand for the national anthem and honour the flag. I have 5 kids from 42 thru 26, and an 18 year old grand-daughter so I have some insights.

The thing is; there is a clear difference between GenX and GenY which is causing them problems in Selling together. In fact, in my experience, it’s easier for GenY to sell WITH (not always to) a Baby-boomer. It’s got to do with their views about (or their attitude to) Independence-Interdependence.

Baby -Boomers and GenY are comfortable with ‘inter-dependence’ in one case its small community ‘Family’ in the other its bigger community ‘Friends’. And in both cases it extends to both Friends and Family.

If you don’t believe me compare 20 of each BB, GenY, GenX on Facebook for both ‘community’ type, size and activity. However, GenX limits themselves to close friends, few family and the acquaintances who may be ‘useful’ to them.

How does this effect Sales? Quite a lot!

clip_image002[4]

As the Baby-boomers
are leaving Sales, GenX isn’t too happy with their new GenY colleagues and subordinates.

 

GenX find GenY “NEEDY!”

The GenY Subordinates and Colleagues find their GenX Bosses and Colleagues Distant and Cold.
GenY preferred the warmer and more involved Baby Boomers!

I am seeing ‘step-overs’ happening more and more. GenY’s are going directly to their Baby Boomer CEO or other ‘B-B’ C suite contact for support. ‘B-B’ CEO’s are more comfortable in the community of GenY Sales people than the individualist GenX Sales Manager!

How are we going to cope?

    • VALUE Diversity! Strive for an inclusive mixture,
      be part of a broad Community

    • DON’T rush the Baby-boomers out the door.

    • STOP trying to make the GenY’s in your image.

Have a look in the mirror, YOU are not as young as you were,
and you will be the previous generation soon enough.
GenY isn’t going to put up with your demands,
they have their own way of doing things.

Looking at some Sales Centres of Excellence in Big IT,
I couldn’t help but notice how well GenY and the Baby Boomers ‘got on’,
and that the GenX’s were sometimes a resentful minority!

3GenerationsFixed

“Coaching and Counselling” is easier between Grandchildren and Grandparents than it ever was between Parents and Children.
Perhaps its natural, when you ‘rebel’ against a Parent, you become more like your Grandparent!

Baby-boomers have been slow to Sales Social Media because they didn’t know HOW,
but GenX are being slow because they don’t see WHY,
and GenY simply live there!

Thursday, 19 January 2012

In Sales how can you ‘lose’ a sure thing or ‘win’ a no hoper?

 

Measuring and ‘predicting’ customer loyalty is a fascinating field.

This blog is inspired by the work and research of Burke Inc. www.burke.com

 

The usual triangle to calculate Customer Loyalty (repeat purchase) is:

1. Current Satisfaction

2. Willingness to buy again

3. Recommending the product to others

image

 

This Security Triangle is often thought of as 3 separate aspects;

Sales are often targeted on Customer Satisfaction,

but NOT Repeat purchase or Recommendations to third parties!

 

Sure Thing or “likelihood to buy” is the product of all three factors.

Let’s look at some scores

 

For example:

An account has a 7/10 score for all three areas

Current Satisfaction = 7/10

Willingness to buy again = 7/10

Recommend the product to others = 7/10

7/10 x 7/10 x 7/10 =343 /1000 or 34.3% or a poor score,

I wouldn’t bet my House or my Pension on you winning the business!

What happens if its 8/10’s?

8 x8 x8 = 512/1000 or 51% better that 50/50; a good bet but YOU NEED 8/10 in all three boxes!

What happens if its 9/10’s?

9 x9 x9 = 729/1000 or 72.9% you may well win 3 out of 4 times!

NOW you know why Account Management
(not Relationship Management)
is so important.

 

The sure thing is 10/10 in all three areas and nobody gets that!

 

So, there is no such thing in selling as a “sure thing” or a “lost cause!”

This rule applies to our competitors too.

 

You need 8/10 in all three boxes for a fighting chance

 

You have to SELL to Customer Satisfaction

You have to SELL to Customer Willingness to buy

You have to SELL to Customer Recommendations

 

There is no such thing in Selling
as: a Sure Thing or a Lost Cause!

Run a Customer Engagement Workshop and hear what your Customers really think!

Saturday, 10 December 2011

How to Change the way your Company Sells

 


The way Buyers “Buy” Products and the Markets that they buy from,
as we know changes, thus the WAY We Sell MUST also change!



image


The way a Company actually sells,
and they way individual Salespeople are selling,
is a function of the presence, or absence, of these Four Forces and their relative strengths.

Pragmatic Change is, without any doubt the most successful Sales Change,

but it needs the Conservative ‘restraint’ to prevent it running off-the-rails.


In my MBA Dissertation (1999) I identified FOUR Forces which cause Selling to “Change”,
i.e. from the Orthodox Approach or "Traditional" to the "New" or Unorthodox Approach

Four forces which cause the Sales Approach to Change:

primarily a “fall” in Sales Performance,
changes in the “Product/Market”,
changes by the “Competition” and “Economic” Change.

But, what was even more interesting was not the CAUSE of change,
but HOW Companies went about “changing” the way they Sell.

BMAC Consultants identified Four Ways that people CHANGE their Sales Approach

 

image   

1. Pragmatic Change, based on evidence, what works?
This is akin to Mintzberg’s view of “Emergent” Strategy. 

Different Salespeople try different things with different Customers and
a "New Way of Selling" emerges, based on evidence.  It has basic Validation.




image

2. Conservative Change attempts to stop Pragmatic Change,

fearing that it won’t work, or is changing Selling too fast.

Let us just keep going” the Market will shift in our favour.

The old way is best and we have “evidence” that it USED to work,
even if it no longer works!

 

These first two were “evidence” based, the next two are NOT!

 

image

3. Utopian Change to a ‘new, ideal and perfect’ Sales world,
without evidence of its likely effectiveness.
Based on a New Book, a Charismatic Sales Trainer, a ‘Cult’ like approach
where blind faith, hope and trust in a Method, Process, Software, ‘Guru’ or ‘Expert’.
When initial performance reports say it’s NOT working this is explained by
the Change not being fully “accepted”,
it then forms into “Disciples” and “Rebels”.


image
   
4. Restorative Change is going back to the “Golden Age of Selling”.
This is again NOT evidence based.
It simply requires that the Sales “Techniques” believed to work in the past,
e.g. as used previously in IBM, XEROX, APPLE
or one of the ‘Door to Door’ Sales Companies be re-adopted.
It usually has several Senior Executives sponsoring it
and the introduction of the Sales Trainer who trained them.

Often, you will find both ‘Utopian’ and ‘Restorative’ Change at work
in the same Company, at the same time, as neither is "Evidence" based.

I collected substantial evidence that Evidence Based Selling works.

 

So, By Accident or by Design?

How are you Changing?

 

But, sometimes LUCK works too!

There is such a thing as the right product,

in the right place, at the right time;

it just doesn’t last!

This blog was originally entitled “Modern Selling”

Modern Selling will always be of its own age, and it will always be ‘unorthodox’.

‘Orthodox’ Selling will always be the one just before it.

 

The Key Constructs in this Blog are Copyright ©BMAC Consultants 1999,
and if used should be acknowledged.

Don’t Trust the Trusted Advisor.

 

I have just read TAS Group’s white paper “Moving from Vendor to Trusted Advisor.”

http://www.thetasgroup.com/whitepaperdownloads/new/The_TAS_Group_White_Paper_Moving_from_Vendor_to_Trusted_Advisor.pdf

It’s well written. It is a typical piece of Marketing ‘Content’ designed to excite and to promote their “Product” TAS Deal Maker. However, it falls between two stools.
It neither excites, nor was I left gagging for a demo of the Product!

What struck me was The Story of “Salesman Matt”, published by the CEO of The TAS Group
Donal Daly’s “Select Selling Sales Field book” - about a man called Matt.

salesman

 

Daly describes Matt as: “the ‘personification’ of the Trusted Advisor.”
And, it is Daly’s detail of
what a Trusted Advisor actually DOES that disturbs me!

A lot!

“Over the 15 or so years we’ve known Matt,
he has had three different employers,
but he has always retained the same four major customers.”

They don’t say that Matt left Employers to join Competitors taking the “HIS” customer with him or not.
But, it is clear that Matt as a “Trusted Advisor” to ‘his’ Customer
should not be treated as a “Trusted Employee”.

 

 

The flaw in this ‘Trusted Advisor’ thinking is that Matt “OWNS” his Customers.

 

HE DOES NOT!

“HIS” personal ‘relationship’ is bought, and paid for, by his Employer.

Those ‘Customers’ are Customers of Matt’s Employer;
Matt simply has stewardship of the Account.

I have had the pain of Managing Salespeople like Matt;
they withhold Key Data about “their” Customers,
while spending Company money on developing “their” relationship “Trusted Advisor”.

Trusted Advisors accept both a Salary and a Bonus,
but reserve ‘their rights’ to act in their ownbest interest”.

They are really ‘self-employed’ Agents,
earning their living from exploiting an Employer to fund ‘their’ Business and
their Employer’s Customer to pay a second time for ‘their’ results.

Trusted Advisors should not be trusted.

Not trusted by their Customers as their income depends upon their “Sales”, not their advice.
Not trusted by their Employers in whose interest they are paid to act, to sell,
not to give ‘Trusted Advice’ to a Customer.

Thankfully, we have some Evidence to base our Sales Decision on.
The evidence based models of The Challenger Sale,
would show that the “Trusted Advisor” is in fact part ‘lone wolf’ in ‘relationship’ clothing.

Thursday, 24 November 2011

A Philosophical Criticism of The Challenger Sale


The Greek word “Mimesis”, from which the English word “Mimic” is derived,
literally it means “Representation” or Imitation.


The Challenger Sale describes five “imitations” of reality.

They are reflections of Salespeople, but in only a few dimensions and
not the full multi-dimensional Truth.

If the reader accepts the “Imitation” as a reality, then their minds are harmed, by confusing the “reflection” for the reality. Salespeople have to inoculate themselves by knowing the multi-dimensional true nature of Selling.
When a Writer depicts reality it is from their own perspective. If we view a bed from underneath it is still a bed, but its appearance is a distortion of the reality. Better to use a mirror if we want to examine or represent reality. But, it is still a reflection. If you had the only mirror then you would be a marvel who is able to “copy” everything!
clear-mirror-shaving-man[1]The writer, looking in the mirror makes a representation. The less the Reader knows of reality the more “REAL” the Writer’s imitation appears. And, that is the danger, that an imitation or “Representation” is mistaken and believed to be a Reality.

The art and the science of the writer in depiction is
a long way from reality.

When we mistake a representation for a reality it is because of our inability to distinguish knowledge, ignorance and representation. This is like the child who tries to eat wax fruit and is surprised at its character.


  Seller→ belief→ collection→ analysis→ view→ report

Writer→ Seller→ belief→ collection→ analysis→ view→ report

mirror cat and lionRepresentations (like Hunter/Farmer) are easy to reproduce without any knowledge of truth, because they are “appearances” not realities. Suppose that we could make either the reality or the refection, then would we devote the same energy to both or would we focus on reality?

If instead of Salespeople, the five descriptions applied to Doctors of Medicine which would we choose to heal us? Or, if we were Doctors which would we chose to imitate? This leaves us with the question: From reading about a “Representation” are we capable of judging the behaviours to imitate this representation?



The final Validation or the final Criticism of The Challenger Sale will be resolved in results.
When companies change or reform to “The Challenger Sale”, in part or in full will the Sales Community be better off?
Or, can any success be attributed to The Challenger Sale or to the advice given? 

Have the authors proven its effectiveness by Selling using their own methodologies?

The final thoughts we have to ponder is
has The Challenger Sale brought real insight or does it merely represent it? 
Are we persuaded by their admirers and ardent follower or by their insight to truth?
Which assumption should be made,
that it is again no grasp of truth but instead a mirrored reflection –
the clothing but not the substance or the truth.

When the Painter paints shoes can he do the Cobbler’s job?
Or, when the Writer writes a recipe can they replace the Chef?
The Writer is no less, they depict what is seen but they do not reproduce reality! 

Describing the steering wheel, brake and accelerator, however accurately, does not meet the skill of those who manufacture the real thing. Yet, even those who build them are only pleasing those who drive. The real purpose is neither in description, nor manufacture but in use!
The Car Driver will know of the defects or merits of both description and manufacture.

Only the Driver feels the steering or the forces of Acceleration and Braking.
The Builder will have a belief about the merits of his work,
but the reality can only come from The User.

However, the Writer on Selling Skills has neither knowledge nor correct view of the function or dysfunction of the things that they represent.  Nevertheless, they write, Readers read and Sellers adapt and fit.

The five Sales “types” are metaphors, not reality. 
Any “type” is a reflection of a stereotype, not a prototype.

We are all parts of all types, and the better for it!

In Sales we aspire only to do the right thing, in the right way,
at the right time in the hope of the right outcome.