Marketing and Sales Archives

Proper, pointed, precise, purposeful response shortens the sales cycle.

April 13, 2015/in Marketing & Sales/by Jeffrey Gitomer

How do you respond to your customer’s words and barriers?
The answer is: CAREFULLY, TRUTHFULLY, and with AUTHORITY.

Whether it’s a bold statement in response to a challenge, or a it’s promise you make in order to gain buyer confidence, or it’s a guarantee that provides the prospect with peace of mind, whether it’s an irrefutable fact to prove your point, or it’s your ability to communicate passionately to the perspective buyer, the right words can create a buying atmosphere and complete a sale in a very few minutes.

The challenge to you, the salesperson, is to be prepared to respond to a challenge, not perplexed by what the customer is demanding and offer some weak excuse – or worse, give up.

I know you’re hoping for some examples, but as I mentally go through my ten biggest and most creative sales in New York City, I don’t believe any of them serve as good enough generic examples. So rather than be specific, and have non-applicable examples, I can tell you that if someone asks me a question that doubts my ability to deliver, or questions my price, or puts up some barrier to “yes,” I make an irrefutable, comforting guarantee, statement, or video that answers their concern, and moves me closer to mutual agreement.

Or better, I offer a video testimonial of someone else loving my offer and buying. This provides both proof and peace of mind. Having the videos requires work, and many salespeople will try to get by without them. You’ll be able to recognize them at once – they’re the ones that never make sales, and blame others for their failings.

If someone makes a statement that indicates interest, I immediately ask for a commitment. Or at least uncover if that is one of their motives for buying.

When someone throws a barrier at me, I take it as both a test and a challenge. Often times I have found that an objection or a barrier actually indicates customer interest and so I begin my response with a question that helps me understand what their true feelings are, and I might say something like, “wait a second! Are you saying that (___) is the only thing between you and an order?” And then I proceed from there. But I have taken the barrier or objection and immediately qualified it as the only one.

It amazes me how many salespeople take an objection or a barrier as a defeat. Maybe it’s my attitude or self-confidence level, but I have always looked at an objection as a road-bump on the path to a sale.

And if the buyer says that he or she has to consult with others, I immediately ask, “if it was only you, what would your decision be?”

You have to think “bottom line.” What can you ask or what can you say that will get your perspective buyer to the point of commitment? Or at least to an indication of purchasing interest. And all it takes to make that happen is proper preparation and brass balls. And both of those were developed in NYC.

In New York City, you don’t have a choice, you have to walk in razor-sharp and razor-prepared and razor-ready. Dull razors get thrown away. Cheap razors hurt and cause cuts. Everyone knows that.

Here’s what to do:

1. List every possible barrier and objection.

2. Prepare responses for each one that have value or create WOW!

3. Look for customers that have purchased in spite of the barrier and get them to shoot a short video explaining why they bought and what happened AFTER purchase. (HINT: That’s where the value is!)

3.5 Stay at it until you have at least 25 examples and 25 videos.

Sound like a lot of work? It is! For years I have made the statement, “Most salespeople will not do the hard work it takes to make selling easy. Preparation is hard, but if it’s done right, selling is easy.”

How prepared are you?
How easy are your sales?

Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.

About the Author

Jeffrey Gitomer is the author of The Sales Bible, Customer Satisfaction is Worthless Customer Loyalty is Priceless, The Little Red Book of Selling, The Little Red Book of Sales Answers, The Little Black Book of Connections, The Little Gold Book of YES! Attitude, The Little Green Book of Getting Your Way, The Little Platinum Book of Cha-Ching, The Little Teal Book of Trust, The Little Book of Leadership, and Social BOOM! His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at [email protected].

Free sales! Free sales! Step right up and get your free sales!

April 6, 2015/in Marketing & Sales/by Jeffrey Gitomer

What are your social goals this year?

No, not who are you taking to the dance on Saturday night. What are your intentions to create more online social involvement that leads to attraction, engagement and sales. Social sales. Oh, that.

UPDATE: Social sales and social selling is the new black.

SET YOUR SALES COMPASS ON ‘SOCIAL’ AND THINK ABOUT THIS:

What are your social value offerings?
What are your social product offerings?
What is attractive about your social offerings?
Where is the perceived value in your social outreach?
Where is the perceived value in your social offerings?

These are painful questions – but I’m just getting started.

My good friend, and IBM’s social evangelist, Sandy Carter, asked me to comment on what’s next in the world of social selling for 2015.

Here are the Social Media and Social Selling Trends for 2015:

Social media and social selling are entering the next phase. It’s the “comfortable with” phase – big companies and previous naysayers in general are branching out and digging in. Everyone is realizing the unlimited power, and has some experience with the process and applications. Comfortable enough to BUY. Social Selling Challenge: Are your customers and prospects buying from your online offerings?
Will your social selling offers only bring sales? The discount offerings bring customers. The value offerings bring customers and PROFIT! Social Selling Challenge: How much profit are your online sales bringing in?
Every social media site is trying to do and be everything to everyone. Photos are now everywhere. Videos are now everywhere. The ‘likers’ are now everywhere.
Social Selling Challenge: How current is your social presence? Are you gaining a following?
Kids will continue to abandon Facebook for Instagram – 300,000 million Instagram users – and don’t be misled by the word ‘kid’ – in 5 years they’re your new customer – and will probably be more social savvy than you are. Social Selling Challenge: What are your kids doing? What are they buying?
Smartphones will continue to be the social involvement device of choice. And the app will continue to dominate Internet use. Social Selling Challenge: Do you have a social selling app? What’s your plan to get one or improve the one you have?
‘Social’ involvement is no longer an option – it’s an imperative. You no longer have a choice – it’s all in or be left out. Social Selling Challenge: Who is in charge of social sales and social selling in your company?
Social selling is becoming more prevalent and more sophisticated. Analytics is the new black. Data-driven selling is the new norm. Social Selling Challenge: do you know who your online customers are?
App developers are thriving to capacity. That should tell you the story all by itself. Social Selling Challenge: Partner with an app developer and make something happen.
Purchases are the final frontier. The more people buy online, the more social interaction becomes and stays relevant. Ratings by customers will outweigh all other forms of advertisements. Social Selling Challenge: What is your social selling volume? And what’s your plan to double it?

My business plan for 2015 has a heavy concentration on social selling. So much so that I am writing (like this), investing in infrastructure (website and apps), and intensifying my social presence with more value messages.

Oh, I am also learning. Social selling is more fluid than mercury. Changes occur by the hour. And game-changers appear daily. I study the marketplace and especially MY marketplace, daily.

Where is the attraction coming from and what’s happening once the attracted actually land someplace? Are they buying or are they flying (okay, clicking) away?

Social selling is on the rapid rise. And unless you’re Amazon or Apple, you’re way behind the eight ball in development and execution.

Hopefully your competition sucks worse than you do. And hopefully you’re doing something about it sooner than they do.

Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.

About the Author

Jeffrey Gitomer is the author of The Sales Bible, Customer Satisfaction is Worthless Customer Loyalty is Priceless, The Little Red Book of Selling, The Little Red Book of Sales Answers, The Little Black Book of Connections, The Little Gold Book of YES! Attitude, The Little Green Book of Getting Your Way, The Little Platinum Book of Cha-Ching, The Little Teal Book of Trust, The Little Book of Leadership, and Social BOOM! His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at [email protected].

The risk of 9 to 5. And the reality of BEFORE and AFTER.

March 30, 2015/in Marketing & Sales, Practices for Professionals/by Jeffrey Gitomer

95 percent of all salespeople try to fit their sales day into a normal workday. They want their day to be from 9 to 5, maybe from 8 to 5, maybe even from 8 to 6, but very little before that or after that.

The reality is, that 9 to 5 is the riskiest time and the worst time to make sales. Especially a new sale, a sales call, or a cold call to a prospect. People are busy doing THEIR stuff from 9 to 5.

NOTE WELL: If you have a solid relationship with your customer, and are doing ongoing business, you have a good chance of making a daytime appointment. But a new sale, or a new prospect, you have virtually zero 9 to 5 chance.

And salespeople continually beat their heads against the wall, and sales managers continually demand more activity, even as foolish as cold call, in order to get their numbers up, when in fact numbers do not go up from 9 to 5, unless they are with existing customers.

From 9 to 5, people are busy working, not buying. Real salespeople make sales from 7 to 9 in the morning, and from five until seven or eight in the evening, and at breakfast and lunch.

Only about 5 percent of sales people get this. The 5 percent that make all the sales.

My financial planner, Walter Putnam says, “The best thing to know is: the best time to have meaningful conversation. And the best way to find out is to ask the prospect or customer. And get a date at the same time.” In other words, when you ask the question, make the appointment.

This self-assessment will reveal your opportunities or missed opportunities:

How many hours a week are you working or networking BEFORE the workday starts? Five hours a week is a great number.
How many hours a week are you working or networking AFTER the workday is over? Five hours a week is a great number.
Who are you meeting for early morning coffee? Why not have a daily coffee with a customer?
Who are you meeting for breakfast? Why not have 2 business breakfasts a week?
Who are you meeting for lunch? Have lunch with an existing customer once a week and bring a prospect for them.
Where are you networking before 9 and after 5? At least two events or groups per week.
Are you a member of a business development group like BNI? At least one group.
Where are your face-to-face meetings occurring in order to maximize your exposure, and your sales opportunities? Where are your sales taking place?
Who is NOT returning your calls? WHY?
Who is NOT setting an appointment? WHY?

These are challenge questions to determine the productive use of time before and after normal work hours. From 9-5 you’re busy chasing people, leaving voice mails, and being frustrated by a consistent lack of progress. More than half of your time will be wasted (you just don’t know which half).

Sales require relationship building. Not just for loyalty of existing customer base, but also to earn referrals and testimonials. Early and late sales meetings net positive outcomes. And early-late prospecting is MUCH MORE relaxed.

What can you do? Here are 7.5 things to enhance your relationships and your sales results. CAUTION: They require WORK.

1. Establish a mutually agreeable game plan with EACH existing customer. Not just how to sell, but also how you will help them.

2. Discover and document ‘best times,’ ‘best topics,’ and ‘most important.’

3. Reach and engage customers and prospects socially.

4. Meet for early morning coffee every day if you can.

5. Send a weekly value message to everyone.

6. GIVE referrals.

7. Seek leadership positions in every group you join.

7.5 Study your struggles and your successes. Identify where your last ten sales came from, because it’s likely your next ten will come from the same places.

The key point of understanding is the difference between a job in sales, and a dedicated, relationship based sales career. Which do you have?

Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.

About the Author

Jeffrey Gitomer is the author of The Sales Bible, Customer Satisfaction is Worthless Customer Loyalty is Priceless, The Little Red Book of Selling, The Little Red Book of Sales Answers, The Little Black Book of Connections, The Little Gold Book of YES! Attitude, The Little Green Book of Getting Your Way, The Little Platinum Book of Cha-Ching, The Little Teal Book of Trust, The Little Book of Leadership, and Social BOOM! His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at [email protected].

How’s your networking working? Better if you follow the rules.

March 23, 2015/in Marketing & Sales, Practices for Professionals/by Jeffrey Gitomer

I went to a networking meeting last week hosted by a formal networking organization called Business Network International.

Many of you know this group. They have meetings all over the world. This particular chapter meeting was in New York City, and is populated by sophisticated business people who are on fire.

NOTE WELL: NYC business people, in general, take no prisoners. This BNI chapter takes no amateurs. And their meetings are exceptionally well structured.

I went as a guest – without an agenda – just to meet people and provide value.

HISTORY: I began my networking career more than 25 years ago, so I consider myself a relatively sophisticated meeting attendee. This particular meeting is a pure networking group, rather than a social networking event, like a Chamber of Commerce meeting or an association meting.

The group predominantly meets to give business and get business. My interest was to meet new people, and observe how the meeting was run.

Before we get too deep into BNI and the NYC group, I’d like to review some networking imperatives in case you’re about to go to one of these meetings.

NOTE WELL: Most people take networking for granted, and think of it more as a place to meet friends and clients rather than capture an opportunity. They also fail to realize that people, whether you know them or not, are cultivating an impression of you – not just about you look like, but also based on how you act and how you dress.

Your physical presence, your physiology, and your communication prowess can determine whether the outcome is business or no business.

These are my top 9.5 rules for achieving positive and profitable networking results:
1. I shake and look. When I shake someone’s hand, it’s a firm grasp and a direct look in the eye.
2. I smile. Even in New York City. I found that by giving smile, I get a smile.
3. I ask before I tell. Whether I ask for their name, or a simple “how are you?” I want to hear the other person before they hear me.
4. I give before I get. I have always tried to make connections for others before I ask for one myself.
5. I don’t make small talk. I make big talk. I don’t want to talk about the weather. I want to talk about life and business life.
6. I want to make certain that I take a ‘next step’ if the opportunity is there. Anything from a simple exchange of business cards, to a cup of coffee, to an office meeting, to an invite to a social event, I want to make sure that my objective is achieved before I leave to talk to the next person.
7. Known or unknown? That is the question. I prefer to invest the majority of my networking time with people that I do not know. The reason is that I tend to make small talk with people that I know, and bigger talk with people that I don’t know. My personal rule has always been, small talk leads to small business or no business, and big talk leads to big business, or the opportunity for big business.
8. I like everyone and qualify no one. If you like people, it’s likely they will like you back. If you try to qualify people (by asking them questions about money or circumstance), their guard will go up.
9. Every connection need not be a sale. Make friends, build rapport, and provide value to everyone without prejudging or qualifying them. I refer to it as: “the rule of you never know.” And “you never know” has no time limit. Sometimes “you never know” happens in a week, and sometimes it happens 5 years later. That’s why it’s called “you never know.”
9.5 I am brief. Time allocation at a networking event is not an option. If there are 60 people in the room and the meeting lasts for one hour, you have 1 minute per person if you want to meet everyone. If you take 5 minutes with each person, you can only meet 12 people. The choice is yours, but be aware of time.

I’ve just given you the parameters, the guidelines, and the rules that I have personally been following for 25 years. There are other rules and you can find them in my Little Black Book of Connections, but these are the major ones that will make connections, make appointments, build relationships, and ultimately make sales.

Next week I am going to talk about why the BNI meeting was incredible, and how you can learn from it. Stay tuned.

Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.

About the Author

Jeffrey Gitomer is the author of The Sales Bible, Customer Satisfaction is Worthless Customer Loyalty is Priceless, The Little Red Book of Selling, The Little Red Book of Sales Answers, The Little Black Book of Connections, The Little Gold Book of YES! Attitude, The Little Green Book of Getting Your Way, The Little Platinum Book of Cha-Ching, The Little Teal Book of Trust, The Little Book of Leadership, and Social BOOM! His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at [email protected].

Is your weight loss tied to your sales gain?

March 16, 2015/in Marketing & Sales, Practices for Professionals/by Jeffrey Gitomer

Everyone knows that as a nation we are somewhere between overweight and obese. This is not good.

I tell my audiences, “we are so overweight as a country, if we were invaded by enemies, we couldn’t even run away.”

The reason I’m writing is not to tell you what I plan on doing, rather it is to tell you what I have done, what I’m doing about it, and how I will continue this process.

For the past five years I’ve weighed somewhere between 205 and 209 pounds. That’s not good for a kid who weighed 160 in college. Granted that was some time ago, but it’s no excuse to be 50 pounds over college weight.

Much like you, I lamented it instead of doing anything about it. I wrote about, and bragged that I was on my way to losing weight. I never did. I bragged that I was sick and tired of being overweight, and I was going to go on a major weight loss program. I never did.

Loyal readers sent me messages of encouragement, diet plans, MLM pill plans, chocolate plans, coffee plans, and assorted health options. I never did any of them.

But silently and secretly, I began losing weight. Now that I’m down below 190 (almost a 20 pound loss), I can come out of the closet (or should I say come off of the scale), and begin to talk about it.

Besides the weight loss, I firmly believe that sales and health go hand-in-hand. I believe that my physical well-being will improve my sales well-being, while enhancing my mental well-being.

I also found that losing weight is not just about watching what you eat. It’s a combination of thinking healthy, eating healthy, and exercise.

Here is what I have found to be true to lose the first 20 pounds:

Thinking: you have to have a DAILY mindset, and a mental awareness of what you’re doing at all times. Especially about what you eat. Two keywords are: eat less. Two more keywords are: eat healthy. And the final keywords are: weigh yourself. Thinking leads to shrinking.

Eating: No secret formula or diet or pills here. Here’s what I did: I’ve switched to club soda or water. No other drink. When I drink club soda, I add a squeeze of fresh lemon and lime. I eat as much raw fruits and vegetables as I can. I limit bread and all other empty carbohydrates. That’s it. I sacrifice very little. And if I occasionally feel like having some kind of pastry or candy, I eat it, or should I say, I eat half of it. I learned that moderation is the key to weight loss. If I order something at a restaurant, I eat half, and push the rest away.

Exercising: Enter CYBEX. More than an exercise machine, it’s a healthy alternative to being a couch potato. I have a Cybex machine in my home. Exercising for 20 to 30 minutes three or four times a week has made me feel fit and firm. No, I don’t have a lot of muscle, but I do have a good feeling every time I finish (even though there are many days when I’m reluctant to start). For me, exercise is a bigger discipline than diet, but now that I’m actually losing weight, the desire to keep up the habit is nearing the stage of compelling.

I should also add losing weight at my age (68) is a hell of a lot harder than it is if you’re in your 20’s, 30’s, or 40’s.

Okay so I’m down almost 20 pounds. I’m a little more than halfway home. I intend to drop down to somewhere between 170 and 175 pounds. I believe that’s my healthiest weight, and also my best selling weight. And as a public speaker I believe it will increase my credibility significantly.

This will be my first in a series of articles about the importance of mental success and physical success. Every person who has ever written about anything having to do with human success and all personal development books at their core, stress the need to combine mental health and physical health. I will be no exception.

With 20 less pounds on me, everything is a bit easier. Even the mundane things like putting on your socks and tying your shoes are noticeably easier.

But the best part about having a few less pounds is how I feel about myself when I look in the mirror in the morning. Okay, I’m not the prettiest specimen in the world, but I love my new look. I also love weighing myself.

Some mornings I can’t believe how far I’ve come, but my incentive is to keep going until I reach my desired outcome.

Yes I have a support system, and yes I have an exercise machine of my own, but the key to my success has been my own self-discipline and my own desire to keep my healthy process moving forward.

And please be aware, I’m not bragging about what I’ve done. Rather I’m sharing information about how to get and stay healthy, and hopefully inspire you to do the same. Odds are you have 10 or 20 extra pounds on you that you wish you didn’t have. And you can’t will it away.

Come on dude, wake up and smell the pop-tarts – just don’t eat them.

Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.

About the Author

Jeffrey Gitomer is the author of The Sales Bible, Customer Satisfaction is Worthless Customer Loyalty is Priceless, The Little Red Book of Selling, The Little Red Book of Sales Answers, The Little Black Book of Connections, The Little Gold Book of YES! Attitude, The Little Green Book of Getting Your Way, The Little Platinum Book of Cha-Ching, The Little Teal Book of Trust, The Little Book of Leadership, and Social BOOM! His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at [email protected].