The Power of Choice

by Randy Illig 21. January 2010 04:22
 


Recently we have been having trouble with our 7-year-old daughter.  What happened to our happy-go-lucky, agreeable little girl?  Her new answer to nearly any request was some version of “No.”  Hang up your towel?  “No.”  TV time is over?  “No, I’m still watching.”  It’s time to do homework?  “No, not now.”
 


We drive her to school each day and that gives either my wife or me some good-quality one-on-one time with her.  Normally we incorporate a few minutes of reading or a workbook exercise into the drive time.  I say normally because recently…that’s right…the answer has been “No.”  No reading, no workbook.

Last Monday was my turn to drive.  My wife handed me a book and a workbook exercise and asked that I have our daughter read to me and complete the exercise on the drive.  “Good luck,” she said as I left.   

After about 15 minutes of talking I said, “Mom sent along a book and worksheet.  I put them next to you on the seat if you want them.”  She replied, “I don’t want to read.”  I responded with, “No problem…only read if you want to.”  After a few minutes she asked, “Dad, would you like me to read to you?”  After the book, she completed the worksheet without me saying a word about it.

When I got home, I handed my wife the book and completed worksheet.  She asked if it was a hassle getting these done—I simply said no.  Two days later, I drove again and I went with the same plan.  This time two books and two worksheets!  Aha…I figured it out.

Recently I worked with a client on a big opportunity with a prospective customer (I’ll call them BCI…Best Choice, Inc.).  After a long pursuit, it was down to two contenders and my client was in second.  BCI gave my client one last chance to present their best offer.  They told my client that they were ready to go with the competition but would endure one last meeting. 

My client and I discussed approaches for the meeting.  One was the ever-popular “Here’s why to choose us” plan.  This plan is normally full of slides and claims of being the best at this and that.  It also often results in the client sitting there feeling like the only choice you are offering and respecting is “Choose us.”  So they sit patiently and at the end, say “Thanks for coming in—we’ll get back to you.”

The second strategy (and the one my client went with) explicitly put the choices on the table and made either option okay.  The central thrust of the meeting became working together to address what would have to change with my client’s solution, terms, conditions, and so forth to give BCI another good choice.  Instead of having only one excellent option, they would have two and they could choose which was best for them. 

It took some work prior to the meeting to gain agreement to this approach.  In the spirit of choice, my client and BCI worked together until they felt good about the proposal.  The meeting ended with the client saying how much they appreciated the approach and that they now had a tough decision to make.  A few days later came the call to say “Congratulations…you won, and the approach to the final meeting made a BIG difference.”

This is one of many stories I can think of where explicitly stating and respecting the choices people have opens the opportunity to work together without pressure and nonsense, and get to a place where the client has our best thinking.  At that point, they can choose what is in their own best interest.  Hence, the old adage—People love to buy and hate to be sold to.

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Q-Storming

by Randy Illig 5. November 2009 06:44
 
Often I find myself brainstorming sales strategy and tactics.  In fact, I do a lot of this either for our own company or as a coach for our clients.  Nearly everyone is familiar with brainstorming—everyone contributes ideas on what could be done and then the group debates the choices and goes with one.


If you step away from this for a minute and look at this process from a different perspective, it looks a lot like diving into solutions...and one of the key principles of Helping Clients Succeed is Move off the Solution.  I never really looked at brainstorming in this way until a friend mentioned CHANGE YOUR QUESTIONS CHANGE YOUR LIFE by Marilee Adams.  Often when someone mentions a book, I jot down the title and check it out the next time I am snooping around on Amazon.

I bought and read the book and had an “aha.”  The author suggests that when brainstorming; focus on making a list of questions vs. answers or solutions.  She calls this Q-storming.  Now at first this might seem like a trivial thought—but try it.  Mahan and I did.  We were working on a very complex sales situation with a client and we decided to give this a try.

Working independently, I used the standard brainstorming technique and Mahan did a Q-storm.  It probably won’t surprise you to read that we came up with very different lists.  What is more interesting is that the Q-storm opened up thinking and possibilities that we would not have considered and gave the sales strategy a critical adjustment.

Next time you are working on sales strategy and tactics, try a Q-storm.  Make a list of all the questions that come to mind.  It only takes a few minutes and I bet you could find a nugget that will make a big difference.  Let me know how it goes.

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Are You Ready to Present?

by Randy Illig 23. September 2009 08:30
 


Sales could be defined as effective two-way communication where both parties understand and both are understood.  The “being understood” part—at least from a Sales Executives perspective—often means making an oral presentation, and this skill gets a lot of attention from sales executives.  In fact, sales executives are often described as great presenters…good with a group, charismatic, persuasive, and so on. 


This generalization, like most, has its flaws.  I have worked with many sales and business executives who have shared with me their fear of presenting and their lack of skill in this area.  By their own measure, they aren’t cutting it.  In addition, I have observed sales executives who thought they were good and, well, they just weren’t. 

Being really, really good at presenting—not Reagan- or Clinton-esque, but still really good—can be a relatively easy thing to become.  I have observed so many achieve the goal of becoming an effective presenter, and without tooting my own horn too loudly, I’ve worked hard to become a pretty good at it, as well.

Why bother?  My belief, which comes from observing hundreds of sales presentations, is that presentations make a difference.  A good presentation is one that connects the solution to the client’s needs in a clear, engaging, fun, and compelling way. 

The good news is that through training and practice, you can acquire the skill set you need to become a good presenter.  Years ago, when I realized how important it for a sales professional to be a dynamic presenter, I took the first of many training classes (which included being videotaped, and then analyzing my presentation).  It was painful and exhilarating at the same time.  Each year for the next few years I attended a presentation course.  I began presenting at association meetings and other low-risk opportunities.  When presenting to clients, I always invited a colleague along to take notes and give me feedback.  I went on to hire a personal coach and to this day continue to invest in my presentation skills. 

It’s easy to recognize and appreciate when someone makes a great presentation.  It’s harder to analyze your own skill, but it’s worth the time and effort.  Are your presentation skills what they could be?  Are you confident when you present?  Do your clients tell you that your presentations are helpful, insightful, and relevant?  Do your colleagues come to you for help with their presentations?

Getting good at this can make a BIG difference.  Do you have some examples of good and bad presentations?  Pass them on and let me know. 

In addition to my blog this week, I have included a 10-minute audio interview I did with Mark Wells, Global Director of Sales Operations at insurance giant Guy Carpenter and an expert in the field of sales presentations.  Listen in to hear some pointers from Mark.  I’ve also included a link to Acres of Diamonds, the story Mark refers to during the interview.  What will be your Acre of Diamonds?

Use the controls to Play, Pause, or Stop Randy's interview with Mark Wells.  

 

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Delight in the Unexpected

by Randy Illig 2. September 2009 10:53
  Like many if not all of you, every day seems to be filled with more to do than I could possibly get done.  As I zoom around trying to keep up with all the e-mail, urgent requests for this and that, and all the things that are important to me, it is easy to lose sight of my clients.  Don’t get me wrong—I respond quickly to their requests, review all deliverables, and pay attention to the details.  It is something different and here is the story.


Yesterday I had one of those rare moments when I was feeling “caught up,” and so with a little free time I decided to do something really important.  I selected two existing clients.  I visited their websites and read their latest news and financial reports.  Next, I did a Google search and read some of the results.  Then I logged on to my Merrill Lynch account and read the latest research reports.  All of this took about an hour and I learned a ton of new things about my clients.

With this new knowledge, I thought about what value I could add that I am not adding today—a one-man brainstorm.  I put everything I thought of on the list.  Some of my ideas were free and easy to implement; others would require a fee.  Either way, they went on the list.  I came up with some very good thinking.  I narrowed the list for each client with a mix of free things (like a relevant white paper that I got from Harvard) and a few things that would require an investment from my client.

In the next few days, I will share my new ideas with each client.  And I’ll bet they will receive those ideas with delight.  Not because they are earth-shattering, novel ideas—my clients are probably way ahead of me when it comes to running their businesses—but because it will be an unanticipated affirmation of my investment in both our professional relationship and in their success. 

When someone pays for the next person’s coffee at the Starbucks drive-thru, it makes national news: http://seattletimes.nwsource.com/html/localnews/2004084452_webstarbucks20m.html.  Think of the last time you received an unexpected sign that someone values you.  Then think what could happen if we all develop the habit of delivering that kind of unanticipated benefit to our clients. 

Yes, this is common sense and I bet you might be thinking “I know this.”  Do you do it?

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Fitness Sales and Sales Fitness

by Randy Illig 13. August 2009 04:55


At ninety five 5 we believe that working with a coach, which we refer to as a guide, can make a BIG difference in individual performance.  Well, I need some help. I have fallen off the exercise wagon.  So I decided to find a program and a coach as soon as possible and talked my wife into tagging along (even though she is already fit).  Fast forward a week and my wife and I are seated in a conference room in a very corporate setting with a fitness coach.

 

Here was our coach’s approach to fitness sales.  She asked us typical questions for 10 minutes: what was motivating us, what were our goals, medical history and so on.  It almost seemed as though she couldn’t wait to finish her list of questions.  She was talking very fast and taking our answers as stated without clarifying or probing for more information.  And then she was finished.

 

Now for the good part.  Out came “the pitch book” and yes it was a book of laminated printed pages.  She couldn’t wait to tell us everything she knew about the human body, health, exercise, fitness and how her company’s approach was unique.  She went on for about 45 minutes.  We were never asked a question.  She never made a connection between our goals and her solution.  She never checked in with us by asking “Is this helpful?” or “Is this the right type and amount of information?”.  At one point my wife looked at me and gave me that “This is killin’ me” smile, which our fitness expert read as approval and a request for more.

 

An hour later I am back in my office and thinking about the sales fitness of the fitness sales approach.  While thinking it occurred to me that what happened to my wife and me happens every day in all sorts of sales situations.  Yes, everyone seems to get the idea that we need to understand the client first and that the client should do most of the talking.  But in reality, I have observed first hand something very different.  I have watched very experienced sales professionals talk and talk and talk as they attempt to sell multi-million dollar engagements.

 

Clients seem to put up with all this talking because it is so pervasive that they are conditioned to sit there just like my wife and I did.  So is it any wonder that the clients say “This is a tough choice, everyone sounds the same”.  In the spirit of good sales fitness the conversation could go very differently, something like this. 

 

1.      We give our discussion purpose: “By the end of our discussion you (Client) can decide if this sounds like a fit and we should keep talking or if we should stop.”

 

2.      We ask thoughtful questions to UNDERSTAND our prospective client instead of just checking questions off a list.

 

3.      We listen closely, clarify, explore where needed and summarize what we are learning.

 

4.      We ask “What would be helpful to know about us, our solution or approach?”.

 

5.      We present our thinking in the context of what we have learned about the client – nothing extra.

 

6.      We check in frequently: “Is this helpful?”, “Am I providing the right amount of detail?”, “What’s missing”?

You might be wondering how the story ended.  We signed up, it was her lucky day. We weren’t motivated to talk to a competitor – it’s only a few thousand dollars per year.  We really felt that while her technique was poor her intent was to help us. And intent counts more than technique.  Unfortunately most sales people don’t have prospects that are willing to forgo the competitive process and need both good intent and good technique.    

 

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Want Good Answers? Ask Good Questions!

by Randy Illig 1. July 2009 10:53

 



It seems like everybody gets the BIG idea that successful selling requires that the sales solution meets the client’s needs.  Additionally, everyone seems to get that to understand the customer’s needs we need to ask questions.  Duh.  So let me check something out with you.
 


Recently I was working with a group of sales managers.  We were discussing the importance of asking good, well-formed, insight-producing questions.  Together we made a list of questions that would create good productive dialog between a sales executive who was exploring a potential business opportunity with a potential customer.   

A few hours later we were discussing the importance of sales executives being prepared for client meetings.  I asked the sales managers what they do to coach or help prepare the sales executives.  Here are some of the things they said:

“I want to hear the value proposition.”

“I review their presentation, aka slides.”

“I want to hear their opening statement.”

“I like to hear their ‘Why buy from us?’ reasoning.”

Just today I was working one-on-one with a sales executive and his sales manager to prepare for an upcoming client meeting.  I was sent a call plan and a slide deck.  In the call plan the opening statement was outlined, as well as what they planned to say in the meeting.  The slide deck contained 12 slides in all, with not a single mention of the client.  

What do these two situations have in common?  Not an ounce of energy was put into the questions the sales executive will ask.  If questions are the key to understanding the client, and our understanding is key to winning, then why do we leave the questions to chance? 

Here is a practice I like—identify the 3 to 5 key questions that are most important for a particular meeting.  Well-thought-out questions often require well-thought-out answers, so send those questions to your client in advance of the meeting. Like magic, I’ll bet both the sales executive and the client will be prepared for a rich, high-value discussion.

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Need a New Client? Read This!

by Randy Illig 10. June 2009 11:49

I was going through some old books and came across Never Eat Alone by Keith Ferrazzi.  I read Keith’s book about three years ago and again last week. Wow…I think I will add this book to my quarterly reading list. 

For those of you who know or follow me you may recall my passion for getting referrals to people I want to meet.  No cold calls!  As a side note, in my last blog I wrote that when reflecting on my career, more than 50% of my business came from some sort of referral, either reactive or proactive.  Get this—100% of ninety five 5’s clients came to us through a referral.  Yes, 100%.

If you haven’t read Never Eat Alone or read it a while ago like I did, read it soon.  There are a lot of things I like about the book, starting with how well Keith’s thinking gels with ours.  Here is one key connecting point: Intent counts more than technique.  Help others get what they want and you will get what you want, too.  Keith’s system rests on this central idea.

So I read the book again and added one of its nuggets to my weekly routine: Make two new connections each week.  Making a connection goes like this: I review my network and look for two people I know who could likely do business together and don’t know each other. I proactively make an introduction.  It’s pretty simple and takes just a few minutes.  I send an e-mail to both of parties, making the introduction and suggesting the reason that I think they should talk (what’s in it for them).  No strings or gimmicks; only a well-intended introduction.

I sent my first two connection notes this week and imagine this—all four people quickly responded with a thank you and one asked me to call.  I made that call and heard about the new job as VP of channel sales and the need for help with some sales challenges.  This is fun!

In closing, my friend John Jantsch says the best way to get referrals is to give referrals.  Hmm…intent counts more than technique.  Need a new client—start making referrals.

Drop me a line and let me know what you think of Never Eat Alone.

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How to Make Your Numbers

by Randy Illig 20. May 2009 09:58

Sales can be a solitary profession.  At the end of the day it is up to you—there is no one else to blame or share in your success. Either you made it or you didn’t.  I am not saying that we don’t need the help of other team members; only that when you don’t make your numbers it is unlikely that your boss will say, “Oh, don’t worry. I know that so and so didn’t support you well and we have had some quality problems. Can we make it up to you with a bonus or something?”  It is your responsibility alone to make your numbers regardless of the situation.  While this can make sales lonely, it can make it very rewarding as well. 

Having worked with sales professionals (and being one myself) I have often pondered what separates those who consistently make their numbers from the one-hit wonders and the chronically inconsistent. 

One of the most important factors is great execution or more simply, the ability to get things done.  There are many popular books about execution and how to organize yourself to achieve good things.  I have read several of these books and have attended numerous training programs and seminars on the topic, and overall they seem like good stuff to me. 

Here is the big idea—buried in the works with which I am familiar (and I imagine those which I am not familiar) is a technique that is a potential silver bullet: Focus on the critical few things that, if executed well, will lead you to your numbers.  Let’s call these focus points. Now I know this isn’t sexy and wow-like; in fact it is kind of simple and boring. 

Simple and boring works! 

I would like to invite you to choose two focus points; things that, if well executed, will lead you to your numbers.  If you can’t do it right now, schedule a time on your calendar within the next three days and do it.  Once done, stick to those focus points for a month or two and evaluate their impact.  

To give you an idea of what I mean, here are  my two current focus points:

  • Who I spend time with
  • Obtaining referrals

These two things have a huge impact on my personal sales success.  Let’s explore them in order. 

I have defined my ideal client (who I spend time with) as a client who has been there before and who has tried numerous approaches to predictably increase sales volume and productivity and is not satisfied. These clients can be a VP of Sales, Chief Sales Officer, or CEO; they are open and accessible; I know them OR I have been referred by someone they trust; and their sales cycle is complex.  When I talk with firms and people who meet these criteria my likelihood of winning some business goes off the charts.  So my focus points are:

Focus point #1—if the client doesn’t meet these criteria we don’t talk.

Focus point #2—obtain referrals to clients who meet my "ideal" criteria. 

When I think about referrals, I place them into buckets: proactive and reactive. 

A proactive referral is one where someone who trusts me refers me to someone else.  He does so by contacting me and saying something like:

  •  “I told Bill Smith that I thought you could help him.  Would you contact him? He is expecting your call.”
  • “If Bill Smith contacts me and says he has heard good things about you, I can give you a referral.  Do you have time to talk to him?” 

A reactive referral is a referral where I ask someone who trusts me to introduce me to someone else.  I don’t make general requests like “Do you know anyone who needs such and such?”  I make very specific requests, like “I am trying to get in to see the VP of Sales at XYZ.  Is that something you could help me with?”  Sites like LinkedIn are making this easier by the day. 

Every Monday from 1:00 p.m. until 2:00 p.m. Eastern Time I work on my referral network. To give you an idea of how important referrals can be, I looked back over the last 18 years and did some “back of the envelope” math.  I found that more than 50% of my sales revenue has come from referrals!

It really is this simple (I have found that many of the most productive or fun or fulfilling things in my life are very simple).  Let me know what your focus points are and what results are produced when you focus on them.

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What is Sales 2.0?

by Randy Illig 29. April 2009 07:28

Selling Power magazine interviewed dozens of industry experts in an effort to create a universal definition of what Sales 2.0 means (and what it doesn’t).  After extensive debates, the experts agreed on the following: 

“Sales 2.0 brings together customer-focused methodologies and productivity-enhancing technologies that transform selling from an art to a science. Sales 2.0 relies on a repeatable, collaborative, and customer-enabled process that runs through the sales and marketing organization, resulting in improved productivity, predictable ROI, and superior performance.”  Check out the full article at http://www.sales20conf.com/2009/includes/Sales2.0Feature.pdf 

While this might sound like the latest silver-bullet claim, there is potential for a big payoff if you can implement the right productivity-enhancing technologies for your business.  I have been reading and researching Sales 2.0 recently.  Here are some thoughts to consider. 

1.      Don’t fall for the idea that selling is an art OR a science and that if you just master the science somehow drones could achieve 100% of quota year after year.  I suggest that selling is an art AND a science. Work on both aspects to consistently perform well and achieve the best return.

2.      Take one step at a time.  There are more than 1000 technology solutions for improving performance across the entire sales cycle and more emerging every day.  It can be overwhelming and often the hype has many of us feeling left behind.  There is no doubt that these Sales 2.0 technologies can help.  Consider focusing on one aspect of the sales cycle where you would like to see and measure improvement as a result of implementing a Sales 2.0 approach. 

3.      Watch out for hidden costs. One thing I have noticed about many of these technologies—they are cheap.  For the cost of a nice lunch, a monthly subscription is yours...as well as the hidden costs of lost productivity through experimentation and implementation.  Many of these tools require a fair amount of knowledge and time from the sales person.  Define how much time you will invest and include these costs in your analysis before you buy.

4.      Commit time to expand your knowledge of Sales 2.0 approaches.  In as little as 20–30 minutes a week you can get smart on what works and what doesn’t.  Try some free trials, talk to other users, read and share what you learn. 

One final observation—I work with sales people and sales managers every day.  Most use just the basic technology to do their jobs: computer, MS Office, cell phone, and CRM.  The promise that technology will somehow transform the sales profession and deliver consistent and predictable performance has eluded most.  This is going to change.  Get started and ride the wave.

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Decisions, Decisions, Decisions

by Randy Illig 8. April 2009 14:26

 

Recently I conducted a quick survey about how decision making is changing in this economic climate.  I asked more than 150 Sales Professionals and

 

Leaders to reply to the following true-or-false statement: In this economy, decisions are being elevated to more senior and financially oriented decision makers. 

 

A whopping 92% said true. 

 

While not completely surprised, this was a big number.  I needed to find out more, so I asked what customers were actually saying.  Here are some of the things I heard:

·         “My client wants to place an order with us but they can no longer approve purchases.”

·         “Every purchase must now be approved by the CFO.”

·         “HQ approval is required for all purchases over $200k; it has been $500k for as long as I can remember.”

·         “I have been told that all vendors must reduce prices by 20%; agree or we will go elsewhere.  It’s not me—I am sorry about this.”

·         “It is all about the numbers now—lowest price wins.”

 

Here is the good news—customers are buying!  More good news—most of us want higher-level relationships with our customers and higher-level people are now involved.  Even more good news—I forecast that there will be less competition because many sales people will do nothing to adapt to this situation, so they won’t meet with these new players.  And the best news of all: The gatekeepers you have been dealing with now need you to meet with their bosses or they won’t have anything to do…and we all know what that leads to.

 

So it seems that we would need to get access to these folks and then meet with them about their decision criteria.  Let’s look at access first. 

Call your normal contact and say something like this.  “It sounds like there are some changes and that Bill [the new Decision Maker] is a new member of the decision-making team.  I want to make sure that you have our best proposal and I would like to talk with Bill so that I can understand his criteria and ensure that our proposal addresses them.  Seems like this would be good for all of us; how can we set this up?”

 

The next step is the meeting.  The purpose of this meeting is to capture the issues that the solution must address from this new decision-maker’s perspective; the steps he will take to decide yes OR no; and the criteria that he will use to decide among alternatives. 

 

Notice that the purpose isn’t to TELL him about our solution or proposal. There will be time for that after you understand the situation.  After you have this discussion, update your proposal or offer and close the business. 

 

Common sense put into common practice.

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