Tuesday, June 30, 2009

The 5 Things Everyone in Sales Must Know!

1. Find Common Ground - The first step is building rapport with your client or customer. The normal ritual to beginning the sales process is "small talk". How are you today? Nice day outside etc... In the building rapport phase, seek common ground with your client. For example, maybe they are wearing a logo golf shirt from a course you know and have played before - start talking golf! Or perhaps in conversation you learn that you are both from the same part of the country. Even something as common as both of you being parents is a great starter for establishing common ground. This is important because now they view you as a person and not a salesperson. (Note: "How may I help you" is forbidden language)

2. Ask Open ended questions - To determine exactly what they are looking for ask a series of open ended questions. Open ended questions are questions that require the client to speak in detail and not be able to answer with one word like a "yes" or "no". An example of a closed ended question would be "Are you looking for a widget that you can use every day?" as opposed to the open ended question of "Tell me how you are planning to use your widget". Open ended questions does just as the term suggests, it gets your client to open up. This allows you to learn about their specific needs and potential underlying objections.

3. Repeat Repeat - Repeat back to the client what they are telling you. This shows that you are listening to their needs and it also gives you the opportunity to find solutions to their objections. Your client wants to hear that you are paying attention and that what they are saying is important.

4. Be Honest - Above all else, be honest with them. If you cannot special order the purple widget for the same price as the pink, tell them that and tell them exactly why the price will be different. Explain the product warranty properly. Let them know the limitations as well as the benefits. Being honest will not only close more sales but it will lead to many more referrals and satisfied clients.

5. Ask for the order - This one separates the top producers from the field, closing the sale. Once you have successfully completed steps 1-4 there should be no reason for the customer not to buy. Ask them for the order, if they say no it is up to you to determine where you fell short in the process. Don't give up, the answer is there!

Information provided courtesty of Rick Docekal at ArrowUp Consulting. ArrowUp provides consulting on business growth, sales production and operational expense control. Visit the Founder's website at http://www.rickdocekal.com to see what ArrowUp Consulting can do for your large or small business using the ArrowUp System.

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Wednesday, June 24, 2009

The ABC's of Closing the Sale

If you are reading this you are probably in sales, and likely have heard the old saying "ABC" - Always Be Closing. This philosophy while good in spirit will not get you where you want to be if taken literally. An aggressive closer will more often times than not scare a potential sale away, or create a forced sale that leads to buyer remorse, returns, or a client that won't recommend you and will never come back. With that said, you should always ask for the order, always! But when do you? Now we are talking about the true art of salesmanship, finding the appropriate time to close the sale.

The sales process is not unlike any other relationship process you have experienced in your life (just shorter). Think about your last date, the last friend you made, or when you first met your spouse. A relationship process had to run its' course. Same in sales, no matter what you are selling, a relationship process must run its' course to the point where you can ask for the order. Now, here is where it gets tricky. It is not your relationship process that is important, it is the clients. Different clients will fall into various personality types (which will be discussed in more detail on future articles). Reading the personality type of the person you are dealing with and matching your approach to them is the single most critical factor in closing the sale.

Someone that speaks quickly and is very direct needs direct answers, let them have control, answer their questions and use direct closing questions. A person that is quiet and reserved needs to be spoken to softly and you must build more of a relationship and more of a trust with that person. Someone who is very detail oriented needs to know all of the features and benefits of the product you are selling. They will have a mental checklist and every box needs to be checked before buying so make sure you answer all questions for them. An individual that is very vibrant and animated needs to enjoy the transaction, enjoy the product, and enjoy the buying experience and you.

Keeping this in mind, it is time we change the old proverb of "ABC" - Always Be Closing. Instead try "ABC" - Analyze Before Closing. You will find your closing ratios along with your client satisfaction meters ArrowingUp!

Information provided courtesy of ArrowUp Consulting. See what ArrowUp can do for your organization at http://www.rickdocekal.com/Services.html or you can contact Rick Docekal directly by logging on to http://www.rickdocekal.com/Contact_Us.html
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Thursday, June 18, 2009

Determining When to Conduct a Lay-off

When determining the appropriate time to conduct layoffs, you need to honestly ask yourself the following questions.

What is the worst case scenario? If production continues at the recent pace and does not improve, how many months can your company survive? How long can you survive and is your job secure? You need to always expect the best however a complete manager needs to plan for the worst case scenario.

Can production and revenue be fixed immediately? Are there training issues that are preventing you from success? Have you had an honest conversation with your employees letting them know the consequences should business not improve immediately? Perhaps recruiting a top producer from a competitor will immediately boost productivity.

Have you trimmed the fat already? Before turning to your human resources to cut costs, have you effectively cut your other organizational costs? Take a look at every line, no matter how minimal it may seem.

Can you cut salaries instead of cutting jobs? Most employees will understand a pay cut for a period of time until productivity improves. It is a much better alternative than losing their positions.

Have you solicited the help of a business consultant? Often a new pair of eyes from someone who specializes in this can offer suggestions and alternatives for your organization.
Laying off staff is incredibly difficult, both emotionally for you and how it affects the culture of the organization, however it may be what you need to do to continue your business and protect the jobs and careers of others around you.

Information provided courtesy of Rick Docekal at ArrowUp Consulting. ArrowUp provides consulting on business growth, sales production and operational expense control. Visit the Founder's website at http://www.rickdocekal.com to see what ArrowUp Consulting can do for your large or small business using the ArrowUp System.

Saturday, June 13, 2009

Rick Docekal - Tips on Interviewing Effectively

A chain is only as strong as its' weakest link, the strength of any organization is the people that are in it, (insert any cliché here). All true and all speak to the importance of hiring the right candidate the first time. Many hiring managers fall short by not conducting a thorough and proper interview. Here are some tips on preparing for and conducting a proper interview.
  1. Create a job description for the position. If you have not done so already, you should have but now is a perfect time to start. Every position in your organization should have a detailed job description outlying the performance expectation.
  2. Formulate questions that you can ask in the interview to determine if the candidate can perform the specific descriptions of the position. These questions need to be well thought out and written down. These questions should not "lead" the candidate to the answer you are looking for. For example, if you are trying to determine if your candidate fully commits to their job you would not ask them straight out, of course they will say yes! They want the job. Instead ask them specific reasons on why they left their last employment and be attentive to employment gaps and multiple jobs on their resume.
  3. Outline the interview for the candidate up front. Let them know the order of the interview. Tell them that you are going to be asking a set of questions and to please respond in as great of detail as possible, than let them know that after you are done you will be happy to answer any questions they may have. This will set the expectation of the interview process and will help avoid you getting off track.
  4. Ask every question and allow a full detailed response from your candidate. Stick to the script throughout.
  5. Take active notes. It is not rude and don't think you will remember everything. Write down what you liked in their response and what you don't like.
    Avoid distractions. Set your calendar for the interview time and make sure your co-workers know that you are not to be disturbed.
  6. Don't hire on the spot. You need to consider everything that was discussed in the interview.

Information provided courtesty of ArrowUp Consulting, Rick Docekal Founder/CEO. ArrowUp provides consulting on business growth, sales production and operational expense control. Visit the Founder's website at http://www.rickdocekal.com to see what ArrowUp Consulting can do for your large or small business using the ArrowUp System.
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Friday, June 12, 2009

Rick Docekal Recruiting Tips

1. Always be recruiting. The best time to look for a new sales or service person is when you are fully staffed. Not only do you have the time because you are not in crisis mode from being understaffed you are much more likely to only have interest in those individuals that really impress you, not just because they can come to work soon so you can quit pulling double shifts.

2. Recruiting is a process, not a quick fix. Your prime candidates will likely be very happy where they are, reason being is because they are good at what they are doing (which is why you want to recruit them to your organization). Soft selling at first is the best way and stay in frequent contact. Let them know you think it is great that they are happy and doing so well at XYZ Company but encourage them to call you first to talk if things start going south. Many things can change the mind of a good prospect, your persistence, changes in their environment like a new boss, company culture changes etc..

3. Keep a log. Log candidates and conversations and refer to your log frequently. Make special notes about the recruit that can show the candidate how well you listened to them in your conversations. Refer to past conversations when you contact them again. "Last time we talked you were starting your son in soccer, how did that go?" People want to come to work for a boss that takes an interest in their lives.

4. Send thank you cards. Make sure to always thank a prospect for their time even if it is just a phone conversation. Enclose your business card, trust me, they will hang onto it.

5. Embrace your Competitor. So many times in business our competitors are rivals who one would not dare converse with. Big mistake. Take the opposite approach, introduce yourself to them, invite them into your online networking groups. Remember if you are in the same industry you have much in common which is always step 1 in building relationships.

Information provided courtesy of ArrowUp Consulting, Rick Docekal Founder/CEO. ArrowUp provides consulting on business growth, sales production and operational expense control. Visit the Founder's website at http://www.rickdocekal.com to see what ArrowUp Consulting can do for your large or small business using the ArrowUp System.
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Tuesday, June 9, 2009

The Death of a Salesman

Technology - The Death of a Salesman by Rick Docekal
By Rick Docekal


New doors for reaching out to clients are opening every day on the web. Networking sites like Facebook, Linkedin, MySpace (to name a few) are creating opportunities for salespeople to reach out to new clients to "pitch" their product or service. Though these technological advancements may be the new frontier for business marketing, salesmanship is quickly becoming extinct.

I have dealt with salespeople for over 20 years and every time I see one struggling it does not take long to find out why. Most of us that are involved in sales understand the very basic premise of getting in front of your clients. An old saying that I like is an email is better than doing nothing, a phone call is better than an email, but a handshake is the best way to secure business. Salesmanship is not easy, and certainly not for the timid. Yet you will find sales departments in every business spending more and more time on the internet farming for business, and less time out pounding the pavement. That is because the timid salesperson has a safety net under their office chair. Being rejected in an email is easy, you hit "delete" you make up some excuse pertaining to how "crazy' the potential customer is for not considering you and you move on to your next email, well after taking a little break to check the baseball scores from last night or the latest fashion trends.

Is the Internet the Death of the Salesman? In many cases yes, but technology is not to blame. Those in sales that dedicate a large portion of their time farming for internet clients and do not pay attention to the importance of a phone call and face to face will not enjoy the success that a talented salesperson who understands how important building relationships is.

Take a close look at your organization, specifically your sales departments. Are your salespeople sitting in front of a client or their monitor most of the time? My best salespeople have been the ones that I often cannot get hold of, or take a long time to respond to an email I sent. That is because they are busy!

Yes, there certainly are many success stories on using the internet to build business just the same as you will find people that meet on the internet and eventually get married. But remember, even those that met on the internet and got married eventually met face to face to "close the deal".

Information provided courtesy of ArrowUp Consulting, Rick Docekal Founder/CEO. ArrowUp provides consulting on business growth, sales production and operational expense control. Visit the Founder's website at http://www.rickdocekal.com/ to see what ArrowUp Consulting cand do for your large or small business using the ArrowUp System.

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Monday, June 1, 2009

Are You the Next GM?

It seems as though accountability has become a "dirty word" in today's business culture. Certainly today's economy shoulders some of the blame, however the majority of businesses use the global economy as a scapegoat for their failing productivity. One does not have to look far for proof. Look at any, well every press release or shareholder letter that a struggling business puts out. You will find it loaded with phrases like "due to the nature of the current economical environment" or "given the prolonged recession". The outcry from the public regarding the various stimulus packages has certainly reached the ears of all, but not so fast complainers! These excuses for performance and productivity are on Main St as well as on Wall Street. When small business fails, these same excuses appear in the local headlines.

So who do we blame? Leaders, that's who. Corporate officers, business executives, small business owners or individual entrepreneurs that fail, fail primarily because there is, nor has ever been an accountability platform. What is an accountability platform? Simply put, a written, measurable expectation for performance along with (and here is always the missing element) the consequence if production is not met. Let's take an example that is easy to understand. John Salesperson is expected to sell 10 widgets a month to meet the revenue model of Widget's Inc. What happens if John only sells 6? Or an even tougher question what if he sells 9? Does Widget's Inc say "Well even though we wanted 10, 9 is still pretty good and we accept that." In this scenario Widget's Inc failed to set an appropriate accountability platform. If 9 is satisfactory the platform should be 9 widgets, not 10. John failed and there is no consequence. What should be the consequence for John not achieving 10? That should also be written into the Accountability Platform up front. Example: If John fails to sell 10 widgets a month a written warning will be placed in John's file. If he has another month where he does not sell a minimum of 10 widgets he is subject to termination.

Sound harsh? That depends on your perspective. Certainly if you are John you may think so, but what if you are trying to get a sales job at Widgets Inc and know you can easily sell 10 widgets a month?

Accountability platforms can certainly have variable consequences. For a small business owner, his or her consequence may be to cancel the family vacation, or lower the entertainment budget for that month. The important thing is there must be a consequence for not attaining a proper, well thought out minimum revenue expectation.

Information provided courtesty of ArrowUp Consulting, Rick Docekal Founder/CEO. ArrowUp provides consulting on business growth, sales production and operational expense control. Visit the Founder's website at http://www.rickdocekal.com to see what ArrowUp Consulting can do for your large or small business using the ArrowUp System.

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