Monday, February 21, 2011
Building Customer Fortresses
How can you do that? Well, some of the most basic things are the same traits you value in them. Make yourself easy to work with, deliver what you promise and deliver it on time, understand your customer’s needs and let them know that you value their business. For every step you take to improve your relationship with those valued customers, you are building a protective wall around them that your competition can not permeate.
Though it can be years in the making, your ultimate goal with these prospects is to create a true partnership of trust and shared experiences. It’s a nurturing and security building process that begins in your first contact experiences and expands with each interaction. When you’ve done your job right, it will take a lot for your competition to steal that customer away from you.
Here’s what you’re building at each level of your customer fortress.
Beginning relationships are determined by your customer’s needs and the value you bring to the relationship. You become a legitimate provider of the products or service they need. Initially, you are not normally recognized as having any significant, sustainable, competitive edge over alternative companies.
As you continue working with a customer, learning to more fully understand their needs, customers come to see you as a favored source they can trust their business to. At this point you have successfully progressed from just being an approved vendor. Because you are known and have proven yourself in past business activities they will normally seek you out even in the face of competitor alternatives.
The next level is where your patterns of listening and diligently striving to put your customer’s need above your sales pitch begin to pay off. Based on the combination of the products and services you offer, and the value-added knowledge or services you offer, your customers view you not only as a vendor, but also as a consulting resource on how to best use the products or services you specialize in.
You are beginning the change over from asking, “What can I help you with,” to your customer coming to you and saying, “I have a problem and I want your input.” You have shown you care about meeting their business needs, so they continue coming to you with problems they know you can help solve. Even so, it becomes important to remember that listening always comes before selling. If you become over confident thinking the customer is an “easy sale”, you will diminish their trust in you.
Assuming that you have identified the economic value of your customers and have done all that you can to earn their trust and respect over the years; you still haven’t reached your ultimate goal. You are never done adding value to the relationship but now you and the customer need to look toward the future. Can your customer feel secure enough in your business relationship to begin looking beyond current needs to future business objectives? Above and beyond the products and services you offer, do they see you as a source of strategic planning assistance for dealing with broader-based challenges they face.
The customer’s belief base in the relationship creates ultimate trust. Years down the road you will continue to be seen as a long-term partner whose contributions-- products, insights, process, etc. are critical to the customer’s long-term success. As long as you stay true to the knowledge and service they have come to expect from you, they will turn to you as a source of help in developing and building their own business.
In this type of relationship you have effectively completed a fortress around your customer relationship. They may be aware of the competition, but they hold very little attraction for your customer. It is you, your value, and the trust that has built between you, that keeps them from straying not the product or price you offer.
It all goes back to the two questions. Why are you in sales and why is a prospect/customer buying? The best businesses know the answers to both and they’ve worked to form long-term trusted partnerships with those prospects whose needs and desires best compliment their own.
And the bottom line? As you move up, from step to step, through the customer relationships, building partnership fortresses, those customers will buy more stuff from you. In our experience it’s about a 20% increase. See, I told you money was part of it.
Sales, and generating sales leads, are about building relationships that make you money and keep making you money.
Tuesday, June 9, 2009
Learning to Listen
If I were to ask you about the basic personality type that makes a good sales person, what would you say? How well does that reflect the type of person you are?
It might be that you thought of a good personality match for sales as being someone who is outgoing, well-spoken and who loves interacting with others.
Think of the most outgoing, well-spoken, people-person you know. Is he in sales? Do you like him or not? Why?
It is important to make a distinction here. There is a difference between being a people-person and a me-person. It seems obvious, doesn’t it? But sometimes people get confused between liking to be around people and liking people. The best “good-with-people” people have very little to say about themselves and often don’t want to be the center of attention. They’d much rather hear about you and support your good efforts than promote their own agendas. Interesting isn’t it?
What does that have to do with prospecting and sales? Well, Hal Becker puts it this way:
Selling is asking, NOT telling.
Selling is listening, NOT talking.
(Hal Becker, Can I Have 5 Minutes of Your Time, Morgan and James Publishing, 2008, pg. 7)
Let’s make that more specific.
Prospecting is asking, NOT telling.
Prospecting is listening, NOT talking.
The same social skills that apply to developing any relationship definitely apply to prospecting and sales. The people you most want to know may not be the most prominent. They’re the people who make you feel like you matter most and they truly care about your happiness and success.
Prospecting is the same thing. You are looking for relationships, problems you can help the prospect with and expressing genuine concern for their needs and interests. Not trying to get them to care about your need to sell a certain quota or how great you think your product is.
When you’re prospecting call is over your goal is to have a new Highly Qualified Prospect. What makes them highly qualified? They are ready to buy and you can help them solve their problems with your product. You are looking for synergistic relationships and good matches not another sales number.
Before you can get them to listen to you, you’d better have done a significant amount of listening to them.
So, let’s go back to communication 101 and learn about listening.
Shut out distractions and give the prospect your full attention. Do your best to keep things quiet on your end of the line so that both of you can focus better.
If a customer is talking, it’s a time to listen, not plan what you will say next. You already have a planned script to help you with your end of the conversation, concentrate on understanding their side. When we talked about scripting, we talked about planning ahead to direct the conversation. Remember that’s not planning ahead to turn the conversation back to you, but to anticipate what you can ask the prospect that will help you both.
Listen, try to anticipate the direction the speaker is going and use your script to help you quietly direct the conversation.
Don’t interrupt. Don’t finish thoughts or ideas for them. You aren’t a mind reader and you’ll annoy them if you try to act that way.
Ask questions that go beyond “yes” or “no” answers. You may not get the full picture that way. But remember to stay focused on information you need to understand and help them.
Encourage the prospect to talk by using verbal interjections that show you are listening “Yes, I see,” and “Please, go on.”
Don’t act like you understand when you don’t. Verify information or points you may have missed.
Remember, an individual fact may not be as important as the overall message. Do you understand why the prospect is saying something, not just what they may be saying?
Validate what the prospect is saying as important.
Sum things up-- for you, and the prospect. Restate what you have concluded are the most valid points, it sticks in your brain better and gives the prospect a chance to confirm you are understanding their needs.
Remember to record pertinent information in your Marketing and Sales Database while you are talking or very soon after. Don’t let the information get jumbled or forgotten.
The next time you think about the personality and character traits it takes to be a good sales person, remember your goal is to be a people-person, not a me-person and listening to others more than you talk is a great way to show that. Besides, good listening is always a good idea. Thankfully, practice makes perfect. Practice listening more and talking less in every encounter: prospects, coworkers, friends and family. Soon it will become second nature and you’ll become one popular guy. Not because you’ve told people how wonderful you and your product are, but because you’ve made people feel wonderful about themselves.