Showing posts with label Great Sales Sins. Show all posts
Showing posts with label Great Sales Sins. Show all posts

Wednesday, November 28, 2007

Great Sales Sins - Opera Singer Syndrome

When I go to my dentist, I wear an Ipod.

For the record, yes, I do consider myself clever for this innovative solution to the problem of having dental professionals practically "fisting" my mouth, while simultaneously being overwhelmed by the desire to be "chatty".

This is the typical scenario that happens in the chair:
"So Sasser, hows that golf games of yours? Whoops, holy smokes, I cant believe my whole Rolex fits in there! Wow. Hang on....we need to give you another shot for no darn good reason.....so anyway, your short game?"


The real problem is the assistant. Nice as she can be, but her lord has put her on a mission to share her life story, especially the tragic parts, with anyone in pursuit of good oral hygiene.

During a two hour session in which an old crown was being removed and a temporary put in its place, I learned the unabridged version of how her son-in-law had a series of unfortunate career turns. For the sake of screen space, here's an "abridged" version; he's a under-achiever who flunked out of welding school, impregnated her daughter, dumber than a stool sample, and couldn't find a job if it leaped up and bit him on the butt. But I'm paraphrasing.

A month later during the follow up visit to have the temporary removed and the replacement crown fitted, I wore an Ipod. An audio book loaded and I was set. The great thing about headphones, it tells the world to shut the heck up in a very direct, yet somehow polite, way.

While the plan was working flawlessly, there was one 15 second window of opportunity when one of the ear buds slipped out. As I reached up to replace it, the assistant seized the moment and screamed at me "I have three distant cousins with cancer!!!!".

A lovely woman really. Here I am, nervous as everything having more drills in my mouth that you find at Home Depot, and she needs to share this nugget with me.

Me....Me....Me......information without context or empathy is simply noise - just like an opera singer or a poorly planned sales presentation.

In that light, your favorite competitors should be your biggest ones. Especially those with the long histories, the great brands, and the customer list a mile long.

Why?

The odds are higher that in smaller deals they will not bring their "A game" to the table. A 100k deal a sales presentation their sales teams will spend the majority of the time talking about the greatness of the company, their "platform", their vision for the future, and then, in the twelfth hour, actually start talking about the reasons why the prospect met with them in the first place.

My team was competing against the big guys at a flooring manufacturer in North Georgia. We walked into a group of people who were very professional and friendly but whose body language cried "If I see one more mission statement I am going to take a swing at someone". They were viewing all vendors back to back to back. Two days, four vendors, each with half a day. We were in on the second half of second day.

We started our presentation with one slide that listed the major objectives of the project - lower costs, increased productivity, expanded branding, etc., followed by one slide each with a succinct description of how we would achieve each of the goals. We followed that with a practical demonstration, showing them what we discussed in the slides, followed by a brief overview of 3 clients with similar projects in the same industry as them.

Done - Start to Finish - 1.5 hours.

Vendor 1 took 6 hours, Vendor 2 took 5 hours, Vendor 3 took 2.5 hours and got into a fight with their technical expert.

One of the most common flaws made in presentations today is focusing so much on who you are as a company, your vision, yada, yada, yada, and you wind up burning the attention span of your prospects.

As recommended in a previous post, go through your sales pitch with a non-company person. At the end of each slide, ask yourself "Why would the prospect care?" or the shorter "So what"? If you don't have an answer remove it from your slides.

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Wednesday, November 14, 2007

Great Sales Sins - The Eager Beaver

Have you ever been in a relationship with someone who was just a wee bit too happy? Specifically, they were just a little too eager to please?

In a normal, productive relationship, there is a balance of compromise and empathy where the needs of the individual are weighed against the corporate good of the couple. This is a nice way of saying that if you want sweet, hot, monkey loving, your sorry butt best get off the golf course and watch a little "Desperate Housewives."

Things can get out of whack when balance is not maintained. For example, if "Hey baby, me and my buddies are going to Hooters to get drunk and then embarrass ourselves to the extent that we may have to move," is met with a warm, sincere, "Well, you be careful. I wouldn't want anything to happen to my little love possum," then you may have an imbalance.

How many times in the sales cycle have we endangered our chances by appearing a little too eager?

"We won't lose on price"

"Want a reference? Here's my entire customer list. Call them all."

"You want us to be liable in case the Internet goes down? Sure, we'll put it in our contract."

Just like the lopsided relationship, you pipeline can suffer long-term damage by not maintaining a health balance of respect for both you and your prospect.

"Oh, we'll do anything to earn your business," is the personal relationship equivalent of "Hey, I'm a co-dependent stage-five clinger."

Your solution will deliver value to your prospect. It will lower operational expenses, increase revenue, and empower the enterprise to do more with existing resources. You have a strong position in your negotiations, don't give in too easily. You have the ability and the right to keep your negotiations in balance by asking for something each time you give.

For example:

Prospect: "We would like an on-site presentation."
Sales Rep: May I confirm the major details of the project with the Executive Sponsor?

Prospect: "We would like to talk to at least five of your existing clients."
Sales Rep: Out of respect for our clients' privacy, I am only allowed to release only one until notice that we are a finalist and/or on your short list.

Prospect: "We would like a discount!!!"
Sales Rep: "I would like a spouse that owns a liquor store and a golf course, not going to happen." OR "My discount authority only extends to the end of this month/quarter. If I provide a discount, can we agree that this purchase can be completed by then?"

Lesson Learned

When it comes time to negotiate contracts, it's always best to bring in a third party whose compensation is not tied directly to the deal.

Once you receive the "Selected Vendor" status, there is a euphoria that can lead to a little too much optimism. It's in this state that T&Cs can be positioned to effectively come back and squarely bite you in the hindquarters.

A few years ago, my team and I received the Selected Vendor notification from a very prestigious and widely known government agency. Their Chairman was practically a household name, and to have them as a client would be a huge ego boost for us.

There was only one special term that we needed to add to our contract. In the event that our web content management system could not publish to their website in a timely manner, they were entitled to a full refund and the contract would be cancelled.

No problem. A majority of the value of a web content management system is the ability to publish content. This was like saying, "Your car must be able to go into Drive." We had this one.

Yep, really should have talked this one over with my technical team. The new client's definition of "timely" was having the ability to specify, to the second, that the content would be available on the website. So, by the letter of our contract, if the client wanted to have some unknown amount of content published at 12:00:00, then that was the time it was to be available, e.g., 11:59:59 was too soon, 12:00:01 was too late.

Evidently, they were pretty damn serious about this requirement. After months of trying to explain the virtual physics around moving data from one server to another and striving to reach a compromise, they activated the term in the contract, a refund was produced, and the commission was quietly deducted from my check.







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Sunday, October 28, 2007

What Not to Wear

Back in my Federal Days, my team received the opportunity to work on a project with the Executive Office of the President of the United States.

Damn near wet myself when it got setup.

After our inside team gave us the details, I called the project lead at the EOPOTUS and made introductions, confirmed the major details of their evaluation, and walked through the needs analysis. At the conclusion of this exercise we scheduled an on site meeting and presentation.

About a week before our meeting, I received an email from the lead asking that we make sure that our people dressed appropriately.

Initially, I thought the guy was slamming me on being from the deep south and somehow had formed a mental image of me and my team showing up with Appalachian-grade dental work, coveralls, and "We Love Willie Nelson" T-Shirts.

When I called him to clarify, the lead explained that sadly, it was simply a fact that they regularly had a series of outside vendors that did not dress appropriately for the dignity of their office.

Let me set this down for you, this is the President's Executive Office, they are across the street from the White House, you have to get Secret Service clearance to get into the building, there are very nice people there with guns who will shoot you, this is a serious place.

As a vendor, what in the hell are you thinking...."Hmmm.....Executive....Office.....of the President.........President is a Republican.....Their Color is Blue, No Red.....Red....Ok....Ill wear the Red Logo'd Golf Shirt.....that will surely get us the deal.

In case you ever wonder what to wear to a client's location, ask yourself what would a lawyer, management consultant, or executive coach wear to this location and go with that.

Wednesday, October 17, 2007

Great Sales Sins - Trashing Your Competition

"Hi Bob, have you tried "natural" male enhancement? I saw the commercial on TV last night and immediately thought of you"

"Wow Barbara, that dress looks great. Did you get it in the "big girls" section at Lane Bryant?"

"So the wife and I just joined a swingers club......"

I would hope the readers of this blog would agree that these are lines that would exude a certain level of awkwardness and discomfort if they appeared in casual conversation.

However, as a sales professional we can generate similar feelings of discomfort with our prospects if we start to trash our competition.

I hate to burst your bubble, but you remember that great conversation you had where you felt like you and the prospect really "connected" and you shared how your competitor's solution has been linked to Herpes Simplex 10?

Well here's a news flash, your competitor had that same "connecting" conversation and when the subject of your company came up, he responded this with this:

"You are looking at ACME? You know they do very well in Java shops and I've seen some good press on them. However, knowing your internal infrastructure, project requirements, and with the fact that your CEO is sponsoring this project, I am confident that our solution, along with the reputation of our company, will not only surpass your technical needs, but offer a degree of comfort and validation that you are doing business with the industry leader."

See the difference? Herpes vs. Industry Leader?

Of course we need a real life example to really drive this point home. Next week, we'll share a life less from Don.

Remember Don?

Friday, August 10, 2007

Whats in a Name?

The post below was forwarded to me in response to a question posted on linkedin.com. After initially reading and laughing, a horrible thought struck me "Uh, oh I might be one of the guys he's talking about".

Thank you Gerald for sharing

"I've had business development people greet me in public places in a highly enthusiastic manner, which diminished not one iota after I advised them that I did not actually go by the name by which they addressed me.

In fact, I am an entirely different person and have an actual acquaintance with the real people they thought I was.

The five times this has happened, I was pressed to accept a business card and a luncheon invitation, both of which I have not further pursued."


-Gerald L.
www.linkedin.com