Archive for the ‘Sales Training’ Category

Persuasion

Wednesday, May 6th, 2009

Any sales training or management training course will teach you the importance of persuasion in negotiation. It will also strip back the ideas represented by those words so that you realise how fundamental these things are.

The fact is that negotiating is not something that is highly specialised and only occurs at certain specific times. You are negotiating on a daily basis. Some would say all the time. However far you buy into that idea, the fact is that success in negotiating, or to put it another way, getting what you want, is down to how persuasive you are.

What is persuasiveness? It is a combination of things. Certainly being charming, or having charisma will help. The most important thing though is to understand the person you are negotiating with. That is, be aware of their behavior and attitudes.

Once you understand your adversary, you will be able to decide what tactics to use. You probably do a great deal of this without even thinking about it. However, observation and self reflection will only make you more effective.

For example, some people will react well to a genuine, sincere compliment. This might make them seem shallow, but that isn’t something to concern yourself with. Sometimes flirting can work, but that needs to be handled with extreme caution.

Body Language

Wednesday, May 6th, 2009

Body language has become an accepted part of sales training, but it needs to be on the agenda for all individuals, whatever their role in the business.

Estimates of how much communication is conveyed by body language rather than verbal communication vary considerably. In a short survey of writing on the subject, the estimates, all stated authoritatively, ranged from 55% to 98%. Whatever the correct figure, we can safely say that at least half of all communication is body language.

The fact is that reading and understanding body language is vital to all interactions. However, let’s look at the heightened situation of a sales pitch for basic examples.

If you are pitching to somebody who has folded arms, this is a bad sign. They are either feeling defensive, or may be strongly disagreeing with you. Stop, and without challenging them try to find out what the problem is.

If people are touching their face, perhaps rubbing their forehead, it’s usually because they are puzzled or doubtful about what you are saying.

If they keep looking away and can’t maintain eye contact, they are probably bored or otherwise distracted.

The aim should be to get the prospective customer to physically open up, face you and give you good eye contact.

Selling the Benefits

Wednesday, April 29th, 2009

It is all very well selling a product’s features. However sales training should provide individuals with the ability to emphasise the benefits of those features. Potential customers need to understand the benefits of what is being sold to them rather than just the technical specification.

There are many occasions when you will sell something to someone. It is not just the obvious sales situations. For example, a manager may be trying to get staff to work in a new way, or you may be trying to sell yourself to a prospective employer. It is just as important in these situations to demonstrate benefits to the other side.

The benefits alone are not enough in most selling situations. It is also important to put yourself in the other person’s shoes. This allows you to understand likely objections and how you can counter these, or, at least, minimise their impact.

Indeed, one of the cleverest ways to ensure you win the argument is to put forward the other side’s arguments at the outset and then knock those arguments down. This is doubly effective as it not only disposes of the opposition but also increases your own credibility as it suggests that you see all sides.

Demonstrating the Need for Training

Sunday, April 26th, 2009

Whether it is management training, soft skills or sales training, you can bet that in the current economic situation it is being reduced or cut altogether. Many of you will find this frustrating, to say the least, and will probably wonder why the company doesn’t see the reduction in training as an extremely short sighted option. After all, the better trained people are, the more efficiently and economically they will work.

There is of course no easy way to deal with this problem. However, by applying some positive thinking, you may be able to improve the situation.

The first thing to do is realise that you’re not going to be able make the money that is needed to pay for the training magically appear. Indeed, the best thing to do is accept the situation as there is no point in making yourself frustrated.

Consider what you can do to make up for the shortfall in training. Maybe, you can run your own lunchtime sessions. Get different people in the organisation to run courses that will enhance productivity. It’s amazing what you can come up with if you are prepared to be creative and think outside the box.

At least whatever training you manage to put together will be better than no training at all.

Last Minute Sales Preparation

Tuesday, April 21st, 2009

You should, of course, always prepare thoroughly for any sales presentation. If sales training only taught you one thing, that should be it. However, with the best will in the world there will occasionally be times when the preparation doesn’t get done. These are the times when you will need the last minute guide to preparing that follows.

The first thing is that you need to know your objectives. What do you want to get out of the meeting? If you can’t get a sale, what essential fact finding do you need to undertake? The clearer your objective, the more focused you will be and thus, more successful.

There are certain questions which are always a useful starting point. Ask about current suppliers and what problems, if any, your prospective client has had in the past.

Make sure you find out what the customer needs before you start spouting features and benefits.

Think about the objections that are likely to be raised and have your answers ready. Make sure you are clear on your policy regarding discounts. If they ask for them, do you have any room for negotiation?
Remember, however rushed you are, don’t let that communicate itself to the prospect.

Keystones of Sales Training

Sunday, April 19th, 2009

There are certain major areas which should always be covered in sales training. These tend to be those things which customers value from a sales person.

The first area is that of client knowledge. Before going to see a new sales lead, the sales person should carry out research about the prospective customer. What does the sales person know about that company’s management structure? Who are their main customers? Have they landed any large new orders? By knowing about a business, the sales person is demonstrating that they have taken an interest.

Sales people also need to have knowledge of the industry that their prospective customer is involved in. Whilst you can’t expect sales people to have a comprehensive knowledge of every industry they might come across, it is worth their while researching an industry so that they have some level of understanding of what the company they’re selling to has to deal with day to day.

Obviously, product knowledge and the ability to link features to benefits and show favourable comparisons with rival products is essential.

Finally, sales people need to have good selling skills, or to be more specific the ability to listen, empathise and persuade clients into purchasing.

Consultative Sales

Friday, April 17th, 2009

Accountants and solicitors are familiar with consultative sales. This is because they have their technical abilities first and foremost, and then have to sell those skills to prospective customers. This is something that is less common in manufacturing but it still happens, albeit in a watered down form. This will often consist of a professional sales person cultivating leads and then handing the contact over to a technical person who can then see the client and discuss matters on a technical level as the prospective client wishes.

The trick of consultative sales is to appear to answer all questions in a non technical way as initially required, but to demonstrate at the same time that your company knows what it is doing and will actually add value to the client. In short, it fills the client with confidence.

It is important that people selling in this way undergo at least as much sales training as a traditional sales person. They also need to recognise that they are selling. This is particularly important in professional services where many accountants and solicitors find it difficult to sell, and even to accept that once they reach a certain level, it is their prime job.

Managing Sales People

Friday, April 17th, 2009

Sales people usually have the gift of being able to talk in any situation and can put a positive spin on most things. In other words, they usually have an excuse ready when you feel the need to criticise their behaviour at work. This does not alter the fact that sales people sometimes get into bad habits. There are certain issues which arise again and again and when these are noticed you need to take immediate action to remedy them. Often, the shortcomings demonstrate a lack of sales training and can be remedied by arranging that training. Sometimes, closer supervision or mentoring is more appropriate.

Here are some of those common symptoms to keep an eye out for.

The first one is timekeeping. This actually applies to all staff in any business situation but can be really damaging to a company’s bottom line when it involves sales people being late for appointments with customers. There is no worse first impression than turning up for a meeting late. Similarly presentations should always be of the highest quality.

Sales people often get into a habit of thinking they know what a customer really wants or values. They should never stop listening to the client and ensure that they fully understand what the customer wants.

Negotiation Skills

Thursday, April 16th, 2009

Management training courses should include negotiation skills. Whilst this is something most commonly required of sales people, it is helpful in many situations.

Before you start negotiating, you should plan for all eventualities before the meeting. Let’s look at a sales negotiation as an example of this. If you are selling, you need to know what your lowest price is. There will be a price below which it will not be profitable to do business. If there is the genuine possibility of a brand new account with someone who could go on to be one of your biggest customers, it may be worth making the first sale as a loss leader. However, the fact that you are doing this should itself become part of the negotiation. Make it clear that you are selling at a loss in order that the client can see how good your product or service is. You should also see if that client is prepared to give any agreement regarding future business.

It may seem an obvious thing, but if you are negotiating a sales price, start high. Let the other side feel they have achieved something if you do end up at your lowest price. Sometimes, this is not applicable as you may be attempting to undercut their current supplier on price. Think about whether there are other aspects of the transaction that could be negotiated.

Exhibitions

Tuesday, April 14th, 2009

Exhibitions can often seem like a very expensive outlay with no real return. Sometimes, the attitude of a company seems to be that they need to have a presence but don’t really expect to generate any new business. It’s seen as a way of meeting a number of existing clients under the same roof and an excuse to run up the expense account.

However, this does not make sense. Firstly, financially it can be a waste of money, particularly if it involves paying travel and subsistence to staff staying away from home. Secondly, it is a lost opportunity. Most visitors go to exhibitions because they are considering spending money. Why shouldn’t that money go in your company’s coffers?

Every time someone approaches your stand they should be spoken to. The aim should be to initiate a conversation which will allow a sales pitch to be made without it being obvious that that is what is being done. You can begin by mentioning a unique selling point which will hopefully lead to the visitor asking a question and thus initiating the pitch. Better still; an open ended question can quickly establish whether the person concerned has a genuine interest in your products.

Sales training should be given to all staff attending conferences.