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  • Item Upon - We Sell Like We Buy - The Ying and Yang of Sales

    Personal Branding
    There are thousands of Mary Kay consultants. There are thousands of Tahitian Noni Consultants, Candle Consultants, Pre-Paid legal, Primerica, travel consultants and not to mention internet based business owners. So where in this seemingly overwhelming sea of business owners is little ole you? What’s so different about your product or service that would make me want to be your customer versus the next person with the identical product or service?You know the first excuse I hear from MLM and Direct Sales consultants when they don’t see success in their business is that their area is already saturated with Mary Kay, Pre-Paid legal or that the internet gurus have already captured and now monopolize the best lists… Oh yes! I could go on and on. I submit to you that any of the companies that I mentioned above nor the ones that I did not mentioned, could never become saturated if everyone embraced one concept. Oh I hear you all saying “Has she gone mad!?!?! Maybe I have, but mad with passion to change your mindset about what you are really representing or rather what you should be representing. If you will embrace this one concept, you will never ever again have to worry about competition or
    e that her team could benefit from more meeting with real decision makers higher in their client/prospect organizations. Based on the way we cold called her, agreed to let us interview her team to gain a solid understanding of the “ground truth” as a basis for a proposal for a prospecting regiment program.

    She did like the program we presented, but right away informed us that the price was too high. I asked what had led her to that conclusion, she told me the other provider was charging half the price, and since they were a “global leader”, our price must be out of whack.

    We discussed the team’s results, her awareness that the team was not engaging either with the right people or in sufficient numbers, and while her team has been reduced to price selling, a bigger challenge was the fact that they could not consistently even get in the game to be able to present a price that they would ultimately cut to get the deal. Still she could not get past the price.

    Let’s give this some perspective, the cost of the program for the team of 11 reps was less than one new sale; in terms of net margin, just under two additional new sales. (We are talk

    The Webkinz Craze
    It has been a while since the last toy craze, I believe it was the Tickle Me Elmo toy that sparked the last one. Before that the Beanie Babies craze was in full swing and collecting was fun and often quite lucrative. The newest is the Webkinz craze. It is hard to predict how long the Webkinz craze will continue. The Beanie Babies craze seemed to bottom out overnight, leaving serious investment collectors holding a lot of toys that were suddenly not worth a hill of beans.Since these stuffed toys also offer a one year membership to each child that registers a new Webkinz or Lil’Kinz toy on the Webkinz website, their popularity may hang tough in the long run. The Webkinz site promises to add new and exciting activities on a regular basis. I believe if they do keep the website interesting, the Webkinz craze will last a good, long time. One thing is for certain, kids need a stimulating reason to continue on with an activity, most of them have a shorter attention span.The Webkinz website offers many different activities for kids, and a chance to earn KinzCash that is used to keep their virtual pet happy and healthy by purchasing different items for them at the Webkinz store. I believe the Kin
    Those of us who work with sales organizations, especially with senior leaders, have an interesting vantage point of the ritual of sales, and how it unfolds in different organizations. From this perch we get to see these people in both “buying” and “selling” mode, and with that it has become very clear that with few exceptions, these leaders and their respective sales organizations sell very much like they buy.

    This is no surprise as in most cases the nature and character of the whole sales organization is a reflection and extension of the VP of sales. After all they set the tone and direction, forming the foundation on which the culture of the organization is built. This can lead to both positive and negative consequences on their teams’ performance and success.

    For example, I recently worked with a company that is a leader in their field, a provider of precision technology; six figure deals with six month cycles. The VP of Sales was looking to help his team maintain and improve their edge and increase their ability to engage and sell executives. He had worked with a number of sales improvement firms in the past and was keen to expand his teams’ knowledge and ability.

    From the start, he was very clear as to how he was going to evaluate the providers he was talking with; what his key drivers were, how he would weigh and measure things; what he was willing to invest; what his must and nice to haves were. He was clear on his timelines for exploring, evaluating, deciding and committing. In hind site, when he did sign, he had very effectively executed his “buying process”. And it was no surprise that his team executed their clearly defined “sales process” consistently and efficiently. They were keen to improve, and worked hard to include the new methodology our program delivered. In fact this is the key reality behind why people DO sell like they buy. Many “sellers” do not have a “buying process”, many are not aware of the buyers’ process and its role in the sale. Some are not even cognizant that the important process at play is not their own “sales process”.

    This is a common problem; many sales organizations pay only lip service to the prospects’ “buying process”. A study of information management product buyers, showed sellers are more often than not out of synch with their prospects’ buying process, timelines, decision criteria, etc. This is because most Sales VP’s do not have a buying process for their purchases, and therefore do not focus on its importance when they lead their teams. As a result, most are terrible buyers. I worked with another VP, nice guy, but terrible buyer; not terrible because he didn’t buy from me, he did! Terrible because of the way he went about buying. Unable to meet deadlines, constantly shifting priorities, procrastinating and hesitating throughout. Funny, because when he called us; he was concerned about the length of his teams sales cycles, he believed his people were letting the cycle linger, and lacked focus when they executed the “sales process”.

    Another VP I met with last summer, a technology company; top quadrant in a crowded field, not quite a commodity play, but they were being challenged. They were experiencing difficulties acquiring, growing and maintaining clients. As you would expect they have a “sales process”. As is often the case, all the talk about the sales process was never balanced by an awareness or focus on the clients’ “buying process”.

    When she was describing her challenge she knew what was “wrong”, she explained:

    • Average deal was size $32,800, this was usually about 78% of list price
    • Her staff is able to get the small revenue - - small margin deals, but is challenged as the deals get larger.
    • Deals under $28,000 they were closing 56% of proposals, at between 80% - 85% originally proposed (list) price.
    • Deals over $45,000, they were closing only 17% of proposals, and a great many of those at 60% - 65% of original proposed price.
    • They were challenged calling the right people, high within companies in the target base.
    • While they were seeing growth, year over year it was slower than their segment which was impacting market share.

    When she first took the appointment she told me she has been working with a known global provider to achieve her sales training goals. She went to great length to reiterate this when we met; her current provider was “helping her achieve what they needed to once they were in front of a prospect”. This seemed to be at odds with the facts and stats she laid out a few minutes before. She did however acknowledge that her team could benefit from more meeting with real decision makers higher in their client/prospect organizations. Based on the way we cold called her, agreed to let us interview her team to gain a solid understanding of the “ground truth” as a basis for a proposal for a prospecting regiment program.

    She did like the program we presented, but right away informed us that the price was too high. I asked what had led her to that conclusion, she told me the other provider was charging half the price, and since they were a “global leader”, our price must be out of whack.

    We discussed the team’s results, her awareness that the team was not engaging either with the right people or in sufficient numbers, and while her team has been reduced to price selling, a bigger challenge was the fact that they could not consistently even get in the game to be able to present a price that they would ultimately cut to get the deal. Still she could not get past the price.

    Let’s give this some perspective, the cost of the program for the team of 11 reps was less than one new sale; in terms of net margin, just under two additional new sales. (We are talki

    Let's Be Realistic About Nepotism: If You Hire Your Children Be Prepared For Criticism
    I was recently approached by a transportation company owner, I will call her Beth. Beth and her business partner both have adult sons that they would like to take over their business someday.The partners named both sons Fleet Managers about a year ago. Beth’s son has proven to be very good at the job. He manages the people and equipment well and is very reliable. Beth’s partner's son is another story. His work habits are terrible and he often doesn't show up for work at all. The staff jokes about what time he will call in on sunny days. He has shown no signs of improvement in the last year. Beth didn’t know how to approach her partner and seemed genuinely surprised by my response to the scenario. I simply said:He’s not ready.Many people have missed opportunities because they were not ready for them. I suspect that her partner's son does not take any kind of work seriously, so I wouldn't take his attitude personally.When people do not have a parent who owns a business, they usually get positions based on whether or not their superiors feel that they are ready and capable. Both sons have the same amount of love and expectations, but only one has the appropriate amount of
    n to expand his teams’ knowledge and ability.

    From the start, he was very clear as to how he was going to evaluate the providers he was talking with; what his key drivers were, how he would weigh and measure things; what he was willing to invest; what his must and nice to haves were. He was clear on his timelines for exploring, evaluating, deciding and committing. In hind site, when he did sign, he had very effectively executed his “buying process”. And it was no surprise that his team executed their clearly defined “sales process” consistently and efficiently. They were keen to improve, and worked hard to include the new methodology our program delivered. In fact this is the key reality behind why people DO sell like they buy. Many “sellers” do not have a “buying process”, many are not aware of the buyers’ process and its role in the sale. Some are not even cognizant that the important process at play is not their own “sales process”.

    This is a common problem; many sales organizations pay only lip service to the prospects’ “buying process”. A study of information management product buyers, showed sellers are more often than not out of synch with their prospects’ buying process, timelines, decision criteria, etc. This is because most Sales VP’s do not have a buying process for their purchases, and therefore do not focus on its importance when they lead their teams. As a result, most are terrible buyers. I worked with another VP, nice guy, but terrible buyer; not terrible because he didn’t buy from me, he did! Terrible because of the way he went about buying. Unable to meet deadlines, constantly shifting priorities, procrastinating and hesitating throughout. Funny, because when he called us; he was concerned about the length of his teams sales cycles, he believed his people were letting the cycle linger, and lacked focus when they executed the “sales process”.

    Another VP I met with last summer, a technology company; top quadrant in a crowded field, not quite a commodity play, but they were being challenged. They were experiencing difficulties acquiring, growing and maintaining clients. As you would expect they have a “sales process”. As is often the case, all the talk about the sales process was never balanced by an awareness or focus on the clients’ “buying process”.

    When she was describing her challenge she knew what was “wrong”, she explained:

    • Average deal was size $32,800, this was usually about 78% of list price
    • Her staff is able to get the small revenue - - small margin deals, but is challenged as the deals get larger.
    • Deals under $28,000 they were closing 56% of proposals, at between 80% - 85% originally proposed (list) price.
    • Deals over $45,000, they were closing only 17% of proposals, and a great many of those at 60% - 65% of original proposed price.
    • They were challenged calling the right people, high within companies in the target base.
    • While they were seeing growth, year over year it was slower than their segment which was impacting market share.

    When she first took the appointment she told me she has been working with a known global provider to achieve her sales training goals. She went to great length to reiterate this when we met; her current provider was “helping her achieve what they needed to once they were in front of a prospect”. This seemed to be at odds with the facts and stats she laid out a few minutes before. She did however acknowledge that her team could benefit from more meeting with real decision makers higher in their client/prospect organizations. Based on the way we cold called her, agreed to let us interview her team to gain a solid understanding of the “ground truth” as a basis for a proposal for a prospecting regiment program.

    She did like the program we presented, but right away informed us that the price was too high. I asked what had led her to that conclusion, she told me the other provider was charging half the price, and since they were a “global leader”, our price must be out of whack.

    We discussed the team’s results, her awareness that the team was not engaging either with the right people or in sufficient numbers, and while her team has been reduced to price selling, a bigger challenge was the fact that they could not consistently even get in the game to be able to present a price that they would ultimately cut to get the deal. Still she could not get past the price.

    Let’s give this some perspective, the cost of the program for the team of 11 reps was less than one new sale; in terms of net margin, just under two additional new sales. (We are talk

    Immaturity In The Workplace, Signs To Look For
    Anytime we assume that all people are functioning at the same level behaviorally and emotionally in the workplace, we are sure to be surprised. Surprised when we encounter a co-worker who responses to what we thought was a simple comment with an emotional outburst that resembles that of an eight-year-old rather than a thirty-year-old.Although emotionally immature employees can be a cause for difficulty at any level according to Sherry Buffington, Ph.D., as they progress up the organization the greater the problems. Should we be able to see inappropriate emotional outburst coming? Are there signs that will give us a heads up about the emotional immaturity level of various co-workers? Look at the following signs: 1. Inability to compromise with the rules of the workplace and with co-workers. Any group of people who spend time together must be able to compromise at times. Not everyone can have their way at every turn of the day.2. Self-defensiveness and excuse making when confronted with a reality at work. Part of the difficulty in dealing with self-defensiveness and excuse making is that it can easily divert one from the original issues.3. Avoidance of responsibility
    with their prospects’ buying process, timelines, decision criteria, etc. This is because most Sales VP’s do not have a buying process for their purchases, and therefore do not focus on its importance when they lead their teams. As a result, most are terrible buyers. I worked with another VP, nice guy, but terrible buyer; not terrible because he didn’t buy from me, he did! Terrible because of the way he went about buying. Unable to meet deadlines, constantly shifting priorities, procrastinating and hesitating throughout. Funny, because when he called us; he was concerned about the length of his teams sales cycles, he believed his people were letting the cycle linger, and lacked focus when they executed the “sales process”.

    Another VP I met with last summer, a technology company; top quadrant in a crowded field, not quite a commodity play, but they were being challenged. They were experiencing difficulties acquiring, growing and maintaining clients. As you would expect they have a “sales process”. As is often the case, all the talk about the sales process was never balanced by an awareness or focus on the clients’ “buying process”.

    When she was describing her challenge she knew what was “wrong”, she explained:

    • Average deal was size $32,800, this was usually about 78% of list price
    • Her staff is able to get the small revenue - - small margin deals, but is challenged as the deals get larger.
    • Deals under $28,000 they were closing 56% of proposals, at between 80% - 85% originally proposed (list) price.
    • Deals over $45,000, they were closing only 17% of proposals, and a great many of those at 60% - 65% of original proposed price.
    • They were challenged calling the right people, high within companies in the target base.
    • While they were seeing growth, year over year it was slower than their segment which was impacting market share.

    When she first took the appointment she told me she has been working with a known global provider to achieve her sales training goals. She went to great length to reiterate this when we met; her current provider was “helping her achieve what they needed to once they were in front of a prospect”. This seemed to be at odds with the facts and stats she laid out a few minutes before. She did however acknowledge that her team could benefit from more meeting with real decision makers higher in their client/prospect organizations. Based on the way we cold called her, agreed to let us interview her team to gain a solid understanding of the “ground truth” as a basis for a proposal for a prospecting regiment program.

    She did like the program we presented, but right away informed us that the price was too high. I asked what had led her to that conclusion, she told me the other provider was charging half the price, and since they were a “global leader”, our price must be out of whack.

    We discussed the team’s results, her awareness that the team was not engaging either with the right people or in sufficient numbers, and while her team has been reduced to price selling, a bigger challenge was the fact that they could not consistently even get in the game to be able to present a price that they would ultimately cut to get the deal. Still she could not get past the price.

    Let’s give this some perspective, the cost of the program for the team of 11 reps was less than one new sale; in terms of net margin, just under two additional new sales. (We are talk

    Selling To The Opposite Sex
    Through the ages, there have been many mysteries that have baffled the brightest scientific minds on our planet, none of which more elusive, defying deep rational explanation and causing more confrontation than the emotional differences between men and women. While this topic certainly invites much further in-depth discussion, this text is not intended to document or explain these various points. Like most men, I am certainly not qualified for anything more than a general observation, some admitted frustration and conservative commentary from my obviously male perspective. Yes ladies, I am playing it safe!When you have the opportunity, type "http://plancksconstant.org/blog1/image-pump/women-brain.gif" into your browser and view an extraordinary image. I do not promote this anonymous design, this intriguing mind-map, for entertainment value only, but rather to make a valid point. This image comically portrays a female brain in thinking mode. Complex? You bet! By comparison, a man's brain might mimic a shovel. Yes, I honestly believe there is that much difference. For those of you who have may not have noticed, women process emotions, information and think quite differently than men. Their brain
    s describing her challenge she knew what was “wrong”, she explained:

    • Average deal was size $32,800, this was usually about 78% of list price
    • Her staff is able to get the small revenue - - small margin deals, but is challenged as the deals get larger.
    • Deals under $28,000 they were closing 56% of proposals, at between 80% - 85% originally proposed (list) price.
    • Deals over $45,000, they were closing only 17% of proposals, and a great many of those at 60% - 65% of original proposed price.
    • They were challenged calling the right people, high within companies in the target base.
    • While they were seeing growth, year over year it was slower than their segment which was impacting market share.

    When she first took the appointment she told me she has been working with a known global provider to achieve her sales training goals. She went to great length to reiterate this when we met; her current provider was “helping her achieve what they needed to once they were in front of a prospect”. This seemed to be at odds with the facts and stats she laid out a few minutes before. She did however acknowledge that her team could benefit from more meeting with real decision makers higher in their client/prospect organizations. Based on the way we cold called her, agreed to let us interview her team to gain a solid understanding of the “ground truth” as a basis for a proposal for a prospecting regiment program.

    She did like the program we presented, but right away informed us that the price was too high. I asked what had led her to that conclusion, she told me the other provider was charging half the price, and since they were a “global leader”, our price must be out of whack.

    We discussed the team’s results, her awareness that the team was not engaging either with the right people or in sufficient numbers, and while her team has been reduced to price selling, a bigger challenge was the fact that they could not consistently even get in the game to be able to present a price that they would ultimately cut to get the deal. Still she could not get past the price.

    Let’s give this some perspective, the cost of the program for the team of 11 reps was less than one new sale; in terms of net margin, just under two additional new sales. (We are talk

    Business Management Case Study; $25.00 Mobile Oil Changes; is it a Viable Business?
    If you started a mobile oil change business could you charge $25.00? Would people pay that price for services? Would people forgo the low prices at Wal-Mart of $12.99 for the added convenience of you doing such a service at their homes or offices? Recently this question came up with a gentleman who wished to start an a mobile oil change business in a town which did not have a Super Wal-Mart (only Super Wal-Marts) change oil, regular ones do not have those auto services.The gentleman was getting ready to launch a small mobile oil change business and he stated: “I think people would be willing to pay $25.00 for a simple oil change if you came to them. Then include wipers, air filters (big considering the price of fuel) and top off fluids.”Indeed there are lots of other things people need, but also realize that this adds up front inventory costs, trying to stock all the possible oil filters, air filters (both engine and cabin), fluid types, etc.. As far as windshield wipers are concerned; well, wipers, are not so bad because you can by three or four types and cut blades to length.When starting a small mobile oil change business from scratch it is important to watch costs and only ca
    e that her team could benefit from more meeting with real decision makers higher in their client/prospect organizations. Based on the way we cold called her, agreed to let us interview her team to gain a solid understanding of the “ground truth” as a basis for a proposal for a prospecting regiment program.

    She did like the program we presented, but right away informed us that the price was too high. I asked what had led her to that conclusion, she told me the other provider was charging half the price, and since they were a “global leader”, our price must be out of whack.

    We discussed the team’s results, her awareness that the team was not engaging either with the right people or in sufficient numbers, and while her team has been reduced to price selling, a bigger challenge was the fact that they could not consistently even get in the game to be able to present a price that they would ultimately cut to get the deal. Still she could not get past the price.

    Let’s give this some perspective, the cost of the program for the team of 11 reps was less than one new sale; in terms of net margin, just under two additional new sales. (We are talking by the whole team, not each!)

    This type of scenario is not uncommon; just speak to anyone who regularly sells to heads of sales organizations. I have heard this from CRM, lead generators, and recruitment professionals. No clear buying process is a clear indicator of a team that has problems with their sales process and related activities.

    The real damage here is to her team, not because they are not getting the training they need, not because the training they are getting is a CYA exercise delivered by a “global leader” (full coverage). The real damage is the message it sends to her team, and the resulting culture it produces.

    When she was evaluating our proposal, she started and ended with price. She acknowledged the worth of the program; recognized that reference companies we provided had successfully implemented the program, and are now consistently finding and converting sufficient prospects to grow both top and bottom lines. Yet her focus was strictly price; we offered to tie aspects of compensation to specific metrics, but no, she wanted a discount. Sounds a lot like the way her team sells!

    What do you think her team is thinking?

    The not so subtle message is you can’t beat the status quo unless you discount. While “we talk value, but we buy on price” must be the way everyone buys. “You can discount unconditionally, without reciprocal concessions from the prospect”. Their “sales process” drives this, and the lack of a “buying process” reinforces it. Of course she, like many, would deny that this is the case, and would never articulate in such terms to the team. But it is clear their culture is one of aim low and discount higher. The team sees this in action every time their VP does anything; she says one thing and acts another.

    These are but some examples, but over the years the trend is clear and unfailing, they sell the way they buy.

    We can predict early in the game as to how things will unfold by asking and understanding early how they went about buying things in the past. Other training, CRM, incentive management systems, what have you. Their answer to those questions gives us immediate insight to how the sale is likely to unfold.

    Time after time it has been confirmed to us that if your sales leader does not have a proper understanding of it’s own “buying process”, that is how decisions are made, why, and how they will measure the impact, then we will have to work much harder to earn our money. Not only because the cycle is likely to be longer and harder, but more importantly changing their culture and behavior of the team, the managers, and the VP, will require much more work if we are to make that change lasting. The reason for that is we have to change the way they sell because of the way they buy.

    On the other hand if they have a clear methodology for evaluating, buying and measuring their acquisitions, we have a much easier time selling and delivering quality and value. No matter how rigid the system, if it is clear and logical it makes our task easier, both to sell and at times disqualify the opportunity. And as stated above their teams are generally much better to work with, this is equally true in high end solution sales teams or teams selling commodity goods. Sales leaders spend a lot of time “talking” about the “sales process”, the steps needed to build a proper sale, but then undermine their message with their actions. “Results at any cost, more results at a discounted cost”.

    Unless these leaders change and come to understand how to “buy”, they will always have a challenge selling. Until they understand the art of “buying” they will continue to make their job and that of their reps more difficult than it has to be. It is the Ying Yang of sales: You sell the way you buy, and you cannot succeed at one without succeeding at the other!

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