HOW SOME SALES PEOPLE PUT THEMSELVES IN A TRAP!

 

I've received several emails from readers and my alumni from seminars & B-schools; asking for guidance .These  mistakes seem to be shockingly common. Make sure you're not guilty of any of them.A sales champ is always in the making ...his work like a master craftsman is never done!

 From this experience, I've observed that the following 10 basic selling errors are surprisingly common.

1. ANSWERING OBJECTIONS THE CUSTOMER HASN'T SURFACED

Though it's a good idea to anticipate objections that the customer might have and prepare reasonable answers to them, it's a horrible idea to surface those objections yourself--because you've just created an issue that probably didn't exist. Explaining away something preemptively can also make you seem defensive and unsure of the real value of your offering.

Fix: Never start any sentence with "You may be wondering..." or "Perhaps you're asking yourself..."

 

2. LEAVING THE 'NEXT STEP' TO THE CUSTOMER

I've read dozens of so-called sales letters and sales emails that end with a suggestion that the customer should call or contact the seller "if you're interested" or "in order to learn more." The people who send these letters always complain that they don't get any responses.

No kidding--you're asking the customer to do your work for you.

Fix: Keep the ball in your court. Try substituting a closer like this: "I will call you next week to discuss whether it makes sense to discuss this matter further."

 

3. SELLING FEATURES RATHER THAN RESULTS

Incredibly, some people (usually “marketing experts”) believe that customers buy a product because it has desirable features. They therefore rattle off a list of those features, hoping that at least one will spark up  the customer's interest.

In fact, customers care only about the results of purchasing a product and the ways it will affect their lives and their businesses.

Fix: Figure out why a customer buys your product rather than somebody else's. Then sell thatresult, using the features to add-on to your ability to deliver that result.

 

4. FAKING INTIMACY

Like it or not, the minute you're positioned in somebody's mind as "a person who is trying to sell me something," you're fighting an uphill battle to win trust. Under those circumstances, the absolute worst thing you can do is to try to act cozy in tense relationships.

The most common manifestation: brightly asking, "How are you doing today?" at the beginning of a cold call. It makes people want to puke.

Fix: Remain personable and professional--but no more--until such time as you actually forge a friendship, which typically takes weeks.

 

5. WRITING A SALES PROPOSAL TOO SOON

Although proposals can occasionally help develop an opportunity, in most cases, the proposal requesting (and writing) process happens after the prospect has already defined the problem and (probably) defined the solution as well. Because writing a proposal takes time and effort, it's usually a bad investment unless you've got the inside track on the sale.

Fix: Write a sales proposal only after you've got a verbal agreement.

 

 

6. TALKING MORE THAN LISTENING

I've spoken about this problem repeatedly in  my seminars/lectures, but the error is so common that it bears repeating. When you're selling, it's all too easy to get excited and nervous and then try to "drive the sale" forward by talking or giving a sales pitch. Customers find this extraordinarily irritating.

Fix: In your mind, redefine selling as a passive activity that consists mostly of listening, considering, and reacting to what the customer does and says.

 

7. WASTING TIME ON DEAD-END 'OPPORTUNITIES'

What with voice mail, gatekeepers, and a challenging economy (not to mention the craziness of global competition), it sometimes seems like a miracle when you actually get into a sales conversation with a live human being.  When that happens, the possibility of making a sale can become so seductive that you don't want to spoil the dream by asking questions that might reveal this as a false opportunity.

Fix: Within the first five minutes of your first conversation, ask questions that will reveal whether the customer has a real need--as well as the money to satisfy it.

 

8. FAILING TO FOLLOW THROUGH

The sad truth is that, to customers, people who sell are guilty until proven innocent. Building a customer relationship is about gradually building up enough trust to overcome the natural antipathy that most people feel toward sellers.

Because of this, you're not going to get any slack if you fail to deliver when promised. Drop the ball, even once, and you're probably out of the game.

Fix: Get serious about your to-do list and scheduling specific events. Make only commitments that you're 100% certain you can keep.

 

9. TREATING A "CLOSE" AS THE END OF THE PROCESS

Maybe it's the result of unfortunate terminology, but a lot of companies and individuals take "closing the deal" to mean that the sales activity has ended. Nothing could be further from the truth.

The real work happens after you've closed the deal--because that's when you can start building the kind of relationship that will eventually generate follow-on business and referral sales, both of which are far easier and profitable than winning new business.

Fix: Always aim for long-term relationships rather than short-term revenue. That way a "close" is the beginning, not the end, of the process.

 

10. ASKING FOR A REFERRAL TOO SOON

Some sales training programs recommend asking, "Do you know somebody else who might need my product?" even when prospects say they're not interested. Other programs suggest asking a similar question when you've closed your first sale to a customer.

Both approaches are wrong, because customers in their right mind do not put their own reputations at risk by recommending somebody whose ability to perform is unknown to them.

Fix: Ask for referrals only after the customer is delighted with the products or services that you've sold.

HERE’S WHAT TO DO NEXT

These big mistakes seem to be shockingly common. Make sure you're not guilty of any of them. Maintain a painstaking and detailed journal of your sales call ... and on a Sunday morning notice the pattern and indications which come you might not only have committed these mistakes again but have found new novel ones. A sales champ is always in the making ...his work like a master craftsman is never done!

SEVEN FOREWARNINGS # HOW SALESPEOPLE BLOWUP THEIR SALES CAMPAIGN .

 

All sales people wish to become champions in selling. Unfortuntely some untrained salesman before our training made some  mistakes when selling our product or service. They actually did blowup a carefully prepared and executed sales campaign... which might have taken weeks and months. Because selling is being SMART IN THE CRUCIAL MOMENT . Here are the most common sales mistakes people make. 

 

Sales Mistake # 1: Allowing a prospect to lead the sales process. 

 The best way to control the sales interaction is to ask questions. This is also the best way to learn whether or not your product or service meets the needs of your prospect. Quality questions that uncover specific issues, problems, or corporate objectives are essential in helping you establish yourself as an expert.

 

Sales Mistake # 2: Not completing pre-meeting research. 

 After several weeks of voice mail I finally connected with my prospect and scheduled a meeting. Unfortunately, I entered the meeting without first researching the company. Instead of presenting a solution to an existing problem, I spent the entire meeting learning fundamental information, which to senior executives, is a complete waste of their time. This approach is one of most common sales mistakes. Invest the time learning about your prospect before you call them and before you try to schedule a meeting.

 

Sales Mistake # 3: Talking too much

 Too many sales people talk too much during the sales interaction. They espouse about their product, its features, their service and so on. When I first bought a water purifier for my home I recall speaking to a sales person who told me how long he had been in the business, how smart he was, how good his water purifiers were, etc. But this dialogue did nothing to convince me that I should buy from him. Instead, I left the store thinking that he did not care about my specific needs. A friend of mine is in the advertising business and often talks to prospects who initially request a quote. Instead of talking at great length about the ad agency’s experience and qualifications, he gets the potential client talking about her business. By doing this he is able to determine the most effective strategy for that prospect.

 

Sales Mistake # 4: Giving the prospect information that is irrelevant.

  When I worked in the corporate world I was subjected to countless presentations where the sales person shared information that was completely meaningless to me. I don’t care about your financial backing or who your clients are. Make the most of your presentation by telling me how I will benefit from your product or service until I know how your product or service relates to my specific situation.

 

Sales Mistake # 5: Not being prepared.

  I remember calling a prospect expecting to receive his voice mail. That meant I was completely unprepared when he answered the call himself. Instead of asking him a series of qualifying questions I simply responded to his questions, allowing him to control the sale. Unfortunately, I didn’t progress any further than that initial call. When you make a cold call or attend a meeting with a prospect it is critical that you are prepared. This means having all relevant information at your fingertips including; pricing, testimonials, samples, and a list of questions you need to ask. I suggest creating a checklist of the vital information you will need and reviewing this list before you make your call. You have exactly one opportunity to make a great first impression and you will not make it if you are not prepared.

 

Sales Mistake # 6: Neglecting to ask for the sale.

  If you sell a product or service, you have the obligation to ask the customer for a commitment, particularly if you have invested time assessing their needs and know that your product or service will solve a problem. Many people are concerned with coming across as pushy but as long as you ask for the sale in a non-threatening, confident manner, people will usually respond favorably.

 

Sales Mistake # 7: Failing to prospect. 

 This is one of the most common mistakes independent business make. When business is good many people stop prospecting, thinking that the flow of business will continue. However, the most successful sales people prospect all the time. They schedule prospecting time in their agenda every week.

 

.EXPERIENCE QUANTUM IMPROVEMENT IN SALESFORCE PERFORMANCE

 Even the most seasoned sales professional is a person in evolution. No matter how good you are you can be better. No matter how good you are the competition is getting smarter. Use a checklist to prepare your attitude, appearance, customer information, company and product information and the selling environment, so you can be at your best on every call. Study yourself, your product or service and your company to know what is working now. Reinforce the actions and tools, which are generating results. Learn from your successes as well as your failures. BEGIN TODAY ANEW

 

 

TOP 3 MISTAKES IN SELLING

 

CUSTOMER SATISFACTION is SUPERB RETENTION STRATEGY

 CUSTOMER   SATISFACTION   is 

SUPERB  RETENTION   STRATEGY

People want to buy from places that make them feel good. Creating an experience that is memorable and enjoyable for the customer will help to keep them coming back for more and not churning away. No longer can marketeers compete on price, customers want more, and they want emotional connections with the companies they deal with. Create that experience that keeps them coming back for more. This will create a point of differentiation that you can use as a competitive advantage

When a customer is overawed by the service experience and has their expectations exceeded, it increases customer retention.. Their argument ... It eases customer acquisition, drives customer loyalty and improves customer retention  . Yet research report of Indian companies found that  just 20% of companies have a well-developed customer experience strategy.

THE EASIEST WAY TO GROW YOUR CUSTOMERS IS NOT TO LOSE THEM

The average business loses around 20 percent of its customers annually simply by failing to attend to customer relationships. In some industries this leakage is as high as 80 percent. The cost, in either case, is staggering, but few businesses truly understand the implications. Imagine two businesses, one that retains 90 percent of its customers, the other retaining 80 percent. If both add new customers at the rate of 20 percent per year, the first will have a 10 percent net growth in customers per year, while the other will have none. Over seven years, the first firm will virtually double, while the second will have no real growth. Everything else being equal, that 10-percent advantage in customer retention will result in a doubling of customers every seven years without doing anything else.The consequences of customer retention also compound over time, and in sometimes unexpected ways. Even a tiny change in customer retention can cascade through a business system and multiply over time. The resulting effect on long-term profit and growth shouldn’t be underestimated.

WHAT DO COMPANIES WITH A SUPERIOR CUSTOMER EXPERIENCE DO?

SOME ACTION POINTS FOR INCREASING CUSTOMER LOYALTY.   

Big opportunity for companies who are willing to invest in the customer experience. In order to help you increase your own retention rates, we've compiled a list of thrust areas for increasing customer loyalty. 

1. CUSTOMERS ENJOY BUSINESSES WHO KNOW THEM.

Telling your employees to spend more time with customers might seem like folly, but smart entrepreneurs know that isn't the case. Numerous studies have shown that everybody views their service experience as more positive when they don't feel rushed or ignored. Don't spend time idly, though; have employees attempt to find out key customer traits. When it comes to customer service that keeps people coming back, the research shows that quality matters more than speed. According to a study by the Gallup Group, customers were nine times more likely to be engaged with a brand when they evaluated the service as "courteous, willing, and helpful," versus the "speedy" evaluation, which only made customers six times more likely to be engaged

2.REALIZE THAT BUDGET IS NEGLIGIBLE.

Giving back to customers can appear incredibly costly, but it doesn't have to be. Instead, reciprocity is built even with small gestures. The premise is simple: Go above and beyond for customers and get rewarded with repeat business. The execution, however, can be trickier, so below is a compilation of interesting research on how to improve reciprocity with your customers. Although reciprocity works incredibly well on it's own, research shows that it is even more powerful when started by surprise. Everyone knows it costs 4 -5 times to acquire a new customer than to retain one. Higher customer referral rates and customer satisfaction were reported by a study of  companies who increased their investment in customer experience; inspite of the relentless war of cost saving marketing chiefs could convince their CEO for a higher budget allocation

3. WIN THE HEART OF THE CUSTOMER TIME AND AGAIN

So many people do an excellent job of making the initial sale, then drop the ball and get complacent, ignoring the customer, while they chase more business. Your selling has actually only just begun when someone makes that initial purchase decision because virtually everyone is susceptible to buyer’s remorse. To lock in that sale, and all of the referrals and repeat business that will flow from it, you need to strike while the iron is hot to allay your customers’ fears and demonstrate by your actions that you really care. You should thank them and remind them again why they’ve made the right decision to deal with you … and put a system in place to sell to them again, and again, constantly proving that they made the right decision.

4. CREATE TOUCH-POINTS AFTER THE FIRST SALE

Avoid losing your customers by building relationships and keeping in touch using a rolling calendar of communications. This is a programmed sequence of letters, events, phone calls, “thank you’s”, special offers, follow-ups, magic moments, and cards or notes with a personal touch etc. that occur constantly and automatically at defined points in the pre-sales, sales and post-sales process. People not only respond to this positively, they really appreciate it because they feel valued and important. It acknowledges them, keeps them informed, offsets post-purchase doubts, reinforces the reason they’re doing business with you and makes them feel part of your business so that they want to come back again and again.

5. AIM FOR CONTINOUS PURSUIT OF EXCLLENCE IN SERVICE

The never-ending pursuit of excellence to keep customers so satisfied that they tell others how well they were treated when doing business with you. Moving the product or service you deliver into the realm of the extraordinary by delivering higher than expected levels of service to each and every customer. Key facets include: dedication to customer satisfaction by every employee; providing immediate response; no buck passing; going above and beyond the call of duty; consistent on-time delivery; delivering what you promise before AND after the sale; a zero-defects and error-free-delivery process and recruiting outstanding people to deliver your customer service. Extraordinary service builds fortunes in repeat customers, whereas poor service will drive your customers to your competition..

6. A COMPLAINT IS A TREASURE CHEST FOR LEARNING

96 percent of dissatisfied customers don’t complain. They just walk away, and you’ll never know why. That’s because they often don’t know how to complain, or can’t be bothered, or are too frightened, or don’t believe it’ll make any difference. Whilst they may not tell you what’s wrong, they will certainly tell plenty of others. A system for unearthing complaints can therefore be the lifeblood of your business, because customers who complain are giving you a gift, they’re still talking to you, they’re giving you another opportunity to return them to a state of satisfaction and delight them and the manner in which you respond gives you another chance to show what you’re made of and create even greater customer loyalty.

7. GIVE HIGHEST PRIORITY TO THE LOST CUSTOMERS

There’s little point in dedicating massive resources to generating new customers when 25-60% of your dormant customers will be receptive to your attempts to regenerate their business if you approach them the right way, with the right offer. Reactivating customers who already know you and your product is one of the easiest, quickest ways to increase your revenues. Re-contacting and reminding them of your existence, finding out why they’re no longer buying, overcoming their objections and demonstrating that you still value and respect them will usually result in a tremendous bounty of sales and drastically increased revenues in a matter of days … and will lead to some of your best and most loyal customers.

8. MAINTAIN PRODUCT OR SERVICE INTEGRITY AT ALL TIMES

Long-term success and customer retention belongs to those who do not take ethical shortcuts. There must always be total consistency between what you say and do and what your customers experience. The design, build quality, reliability and serviceability of your product or service must be of the standard your customers want, need and expect. Service integrity is also demonstrated by the way you handle the small things, as well as the large. Customers will be attracted to you if you are open and honest with them, care for them, take a genuine interest in them, don’t let them down and practice what you preach … and they will avoid you if you don’t.

I am trying since a decade to build a compendium of authentic Customer Delight Practices... I found some in Kingfisher Airline but the airline closed down! I need some more of such golden practices in small but flourishing companies which can be a lesson for others to emulate.Did your Customer Service Department innovate by design or circumstance a new business practice ...please share it with me.

With best wishes

                                                        Dr Wilfred Monteiro