Archive for November, 2009

Creating A Sense Of Urgency In Sales

Monday, November 23rd, 2009

Without a sense of urgency, sales rarely get made.  Buying decisions will float aimlessly without rhyme or reason, and at some point eventually fade away, often dying a very slow death much to the dismay of the salesperson and sales manager.

Creating a sense of urgency in the sales process is a delicate concept to balance for most salespeople.  It has to be finely tuned and applied correctly in order to be effective.  Too much urgency can turn into acts of over-aggression and outright desperateness which can turn the prospect off, yet too little puts the salesperson on the defensive with no control over managing the sales process.  

Good salespeople are constantly moving the sales process forward in some way, shape or form.  They very rarely operate in reactive mode, striving for a consistent proactive approach.   They remain alert, confident and possess a great attitude throughout the entire sales process from start to finish.

The key is to set the tone early with the prospect.  In the first few seconds of your initial conversation, it is imperative for you to project yourself on a peer-to-peer level and to make your intentions clear.

Creating a time frame is key to establishing a sense of urgency in the sales process.  Work backwards from the time your product/service is implemented to signing the contracts.  This will help you to create a sense of urgency by using the prospect’s desire to have your product/service in place.  Moreover, trial close along the way.  You have to give the prospect a time frame in order to create a sense of urgency.  Sometimes, offering better pricing will enable you to create a sense of urgency, but you have to be careful not to come across as too slick or cheesy.

Good salespeople understand that creating a sense of urgency has a direct correlation with choosing to work with qualified prospects and not wasting time with bad prospects.

The Sales Advisory Board
Copyright 2009 / The Sales Advisory Board: http://www.thesalesadvisoryboard.com/

Does Cold Calling Really Work?

Friday, November 20th, 2009

In my experience, cold calling really DOES work, but there is also a dichotomy involved.  If you think about it, companies are often asking $100 an hour salespeople (the good ones) to do $10 an hour grunt work by cold calling.  This is not the best use of their time although it remains a critical function within the sales prganization.  Think about the OC (opportunity cost), the ROI (return-on-investment), and the COCA (cost of customer acquisition) involved.  If a company has the money to spend–AND MOST DO WHETHER THEY KNOW IT OR NOT–they would be better served to have an inside salesperson who handles the cold calling function on a full-time basis so that the outside salesperson can spend more time where they are most efficient which is in front of the prospect.  You’ll notice I said that most companies DO have the money to spend whether they know it or not.  Specifically, I am referring to THE FACT that most companies employ a “hire as many outside salespeople as we can mentality and hope for the best” strategy.  Simply stated, this is a recipe for disaster!  

Companies would be better served to reduce the # of outside salespeople they have and reinvest the money by hiring inside salespeople to handle the cold calling function.  You can use this role as a career path for an individual to move into an outside sales position at some point in the future.

You should also create a commission plan for the inside salesperson for deals sold by the outside salesperson based on the internal salesperson’s cold calling efforts.  This creates a WIN-WIN scenario for everybody because everyone involved benefits financially. 

Also, don’t outsouce this function. I’m a firm believer in outsourcing, but not the internal cold calling position. You want to maintain significant control in order to ensure maximum success and effectiveness.

Tom Mangini / Founder / The Sales Advisory Board
Copyright 2009 / The Sales Advisory Board: http://www.thesalesadvisoryboard.com/

Conscious Intention In Sales

Tuesday, November 10th, 2009

Whether you know it or not, you always have an intention.  Your intention motivates your attitude, and your attitude motivates your action.  Actions determine the quality of your success–and ultimately the quality of your life.  When your intention is on autopilot, it leaves your actions governed entirely by your past conditioning and unquestioned beliefs.  For all intents and purposes, this is a recipe for disaster.

On the other hand, when you have a conscious intention, you know exactly what you want and why you want it.  This type of clarity puts you in charge of choosing only those actions that will get you more of what you do want, and less of what you don’t want.

How much better would your personal and professional life be if you knew how to avoid autopilot malfunctions?

You can take charge of the direction of your sales career simply by reprogramming your thought process.

The Sales Advisory Board
Copyright 2009 / The Sales Advisory Board: http://www.thesalesadvisoryboard.com/