Business – it’s all personal

Business exists to serve peoples needs. It doesn’t matter if you work for a B2B, or B2C company. Somewhere downstream in the process, is a consumer who is making a decision to buy a product or service you make, or contribute to making.

Business is very personal. Only people can care, a business cannot. A business may be a culmination of caring people but by itself, a business is nothing more than an idea. People bring ideas to life. People bring passion to their work and workplace. People bring thoughtfulness and caring for one another and a community. That all happens with people. A business can only serve as a conduit to deliver what the collection of these people express.

When I hear “it’s not personal, it’s just business”, I would say, it’s all personal. People give their most valuable asset they have to a business…their time. With that time they could invest it elsewhere to generate different returns. With their families, with other businesses, other ideas, other objectives. It is a trade-off. Yet once that trade-off is made, an individual is committing themselves – their person – to the business. This is how business gets done, and it becomes very personal.

Empathy is a key emotion to bridge the gap between business and personal. Why? Because time is the only thing that binds us all together. We all have a set amount of sand in our hourglass. When it’s gone it’s gone. Take some of your sand, and use it with others at work to demonstrate that you hear them, you understand their challenges, and you have ideas to share that can help them. By doing this you add value. And while no one can put more sand into anyone’s hourglass, we can all put a little value into each other’s lives…in, and outside, of business.

Selling with Silence

I enjoy a good conversation as much as the next guy or gal.  A highly engaging and thoughtful conversation where both sides are equally sharing their ideas, and feelings is something to value.  Likewise, I also enjoy the comfort of being with people I care about and not feeling like I have to say a word.  I’m comfortable with silence.

Being comfortable with silence is a skill.  It doesn’t matter whether you’re an introvert or extrovert, like any skill, silence needs to be practiced in order to be effective.  It requires trust, honesty, and perhaps most importantly confidence.

Sales people by nature are talkers.  In fact, sales people often have a reputation of being slick talkers.  Talk fast enough that you over-power, or blow past the buyer’s objections, tough questions, or key concerns.  However, a fast talking sales person is actually communicating the wrong message.  Buyers get turned off by fast talkers.  They become suspicious.  They become guarded in their responses, and many times they tune out, and walk away.

Great sales professionals understand the power of silence.  The power that comes with feeling confident in your message, your answers, your position, your knowledge.  Knowing when to be silent, versus when to speak, is a critical skill all sales people should develop, assuming they want to improve their win rates.

The buyer asks a question, the sales person responds, and then silence.  You’re almost begging the buyer to challenge you.  Your silence is a display of your confidence and conviction.  It also shows the buyer a level of patience and empathy by giving them time to absorb your response and determine their next step.  You’re putting the control in the buyer’s hands.  And while some may argue that the sales person should maintain control, I’d argue that by granting the buyer some control, the sales person is actually increasing his/her control of the sales and buying process.

Silence can be the ultimate neutralizer.  High stakes negotiators recognize the strategic benefit of using silence.  Yet keep in mind, that using silence as a tactic requires a great deal of preparation.  You need to understand your company, your product, your position, and your buyer.  Drop the ball on any one of those and the value of silence is diminished.

Next time you engage in a sales conversation, force yourself to be silent.  Can you do it?  Can you sell with silence?

 

Type A Personalities – 3 ways to confront anxiety

Worker thinks solution of his problems

Hard charging, Type A personalities, often struggle with taming their fear of failure.  Most would agree that fear, when kept in check and under control, is an emotion that can both protect and propel us.  Understanding the cause of the fear you’re experiencing is the first step to developing a plan to calm it, contain it, control it.

Anxiety is the result, or symptom, of fear. If I fear I won’t be able to hit the ball, anxiety causes me to dread my up-at-bat.  If I fear I will fail my statistics class, then anxiety will kick in and cause me to block any learning that will ultimately help me pass the class. If I fear I will miss my monthly sales number, my anxiety will cause me to go into rapid-fire mode doing as many things as I can simply to create the appearance that I’m working hard.

Anxiety perpetuates fear, creates the stress, and force, strong enough to shut you down.  Dealing with anxiety is critical to successfully navigating change, taking risk, and managing failure.  Here are 3 ways to keep your anxiety in check:

  1. Ask the question “why not me?” When we think we will fail it is because we don’t feel competent, smart enough, savvy enough, or insightful enough to win.  Why not? Rather than thinking about the failure, replace that thought with the question why not me.  I’m smart, why not me?  I’m intelligent, why not me?  I’ve accomplished a number of great things, why not me?
  2. Turn anxiety into excitement. Replace, what if I fail, with what will I learn? Replace what if this doesn’t last, with how much better will I be no matter how long this lasts?  What will I have experienced that will make me more valuable, more fulfilled?
  3. Breath. The power of 10 minutes of just breathing is quite powerful.  Call it meditation, self-reflection, self-empowerment, or self-love, whatever you call it the purpose of this 10 minutes is to rebalance your inner self.  To bring calm to any internal bubbling that’s taking place.  There are thousands of books on this subject, apps for your smartphone, and calming music for your ears.  Get one, or some, but act now to calm the storm from building.

Why Your Role as Sales Leader Isn’t to Motivate

MOTIVATION word cloud, business concept

Many people think “cheerleader” when they envision an effective sales leader.  Someone who gets the team fired up, screams and shouts, and sets everyone on a rah-rah march into the field to meet prospects.

The sales leader is expected to be a high-powered extrovert, charismatic, outspoken, aggressive, and perhaps even a bit shocking.  We have all worked for sales leaders that possess these characteristics and shall I dare say, some other, more wild ones to say the least.

Early in my career I worked for such a sales leader.  He’d stand on a chair or a table during sales meetings screaming at the top of his lungs, face beet red.  The hair on the back of your neck would stand on end.  You were pumped.  There was nothing you couldn’t do.  But when he finished his super-charged motivational speech, the result felt more like a tirade than an inspiration.  There’s an enormous distance between rallying a group with fear versus inspiration.

So what is the sales leaders responsibility as it relates to motivating a sales team?

Are you ready for the answer?  None.  You have no responsibility to motivate your team.  Each sales person on your team is responsible for motivating him, or herself.  So what is your job as the sales leader?  Provide vision and inspiration.

People want to follow a leader who demonstrates the confidence that he knows where he’s going, how he’s going to get there, and why getting there is so important and beneficial.  I’ve built a number of sales teams over the years.  I have worked hard to be an inspiration – doing this provides your team members with the “why” should they do what you’re asking them to do.  Inspiration transcends motivation.  You can motivate for an hour or a day but motivation is time constrained.  It lasts only as long as the instigator – you – are on duty.  But to inspire, creates a fire, that burns deep into desire.  The greater the fire you build the more insatiable the desire is to achieve the goals you’ve set – whether you’re around or not.

Your job is to find out what drives your team.  Is it money?  Is it recognition?  Is it invention or innovation?  Is it client engagement scores?  Once you know what drives each person on the team you will be able to create your inspiration roadmap.  That roadmap will provide a clear picture to:

  1. Where are we going?
  2. Why are we going there?
  3. What’s in it for us?
  4. What will we feel once we’ve arrived there?

Most organizations fail due to a lack of clarity around the vision. You’ve got to assemble a team that WANTS to a be a part of your vision.  Trying to convince someone they will be happy going to Buffalo in the winter probably won’t sell.  You can expend all your energy convincing or you can set out to find those who are interested or intrigued with going to Buffalo.  It’s the Good to Great philosophy of getting the right people on the bus and the right butts in the right seat.

Lead by example.  Walk the talk.  Model the behaviors.  Do these things and you’ll increase your ability to inspire your followers to achieve remarkable results.

The Customer Mindset

MyBook

Developing strategies to grow revenues really excites me.  It’s what gets me jazzed.  Ideating, innovating, and brainstorming, mixed with good old fashion common sense usually always provides the best path forward.  The key is listening.  Listening to the business, the market, the employees, and most importantly listening to your buyer.

I’ve spent the last decade studying, observing, learning, testing, and monitoring results that are achieved with various go-to-market strategies.  Many companies spend too little time developing the strategy and plan to take their product or service to market.  They make or produce something, price it, and give it to Sales to sell.  Make it, and they will come.  Not really.

The Age of the Customer has arrived.  No longer does the sales person control the sale.  If you believe your sales team is in control think again.  The buyer has all the control.  Many well-respected sources indicate up to 70% of the buying process being complete before a buyer meets with a sales person.  Your buyers have looked you up, researched you, watched you, and asked about you before you even knew they existed.  Do you know where they found you?  Do you know who they talked to along the way to ask for advice or opinions?  Do you know what they read to educate themselves on this purchase?  This is all very important work.

I am proud to announce my new book The Customer Mindset: Thinking Like Your Customer to Create Remarkable Results.  I wrote this book to provide an actionable roadmap for those charged with growing revenues. The book is filled with real-life stories, frameworks, and methods for mapping your buyer’s journey.  By creating a visual map of the journey your buyer takes on their way to the cash register, you will be better able to create a sales and marketing process that assists in this journey.  Remember, the buyer is in control.  Once you recognize and accept that, then you can get started focusing on how to help them through their journey versus spending your time trying to figure out how to sell them.

I want to thank the more than 5,000 readers of my blog who inspired me to go deeper.  To provide more detail.  To be more prescriptive.  Thank you so much.  I also want to thank David Moncur who has been a great friend and inspiration, not to mention the best creative mind I’ve ever worked with.  It is his firm, Moncur, that designed the awesome cover – front and back – of my book.  Thanks David.

I hope my blog, my book, and my stories continue to help you grow your business by providing strong leadership, innovative thinking, and a discipline to focus on doing the right things that maximize your results.

Get Specific -4 Ways to Make Your Business Conversations More Effective

Business People Meeting Growth Success Target Economic Concept

 

Your eyes are glazed over.  You’re trying to be discreet but you can’t help looking at your watch.  Is it over yet?  As meeting standards go this one is pretty brutal. It’s dull, boring, lacking insights, not informative, it’s basically a disastrous waste of your time.  Have you ever encountered one of these meetings?  Here’s a daring question – have you ever been the one driving one of these meetings?  If your answer is “no way, I’d never run such a terrible meeting”, I’d say you should probably spend a bit of time on self-reflection.  We all have coordinated and run meetings like this.  We’ve all wasted someones time at one point or another.

Here are 4 Ways to Make Your Business Conversations More Effective:

  1. Prepare – Do some homework on the individual you’re meeting with and the company.  It’s not enough to just throw out facts about the company or industry.  With the advent of social selling you’ve got to know your buyer – the human behind the decision.
  2. Ask good questions – Dump the “what keeps you up at night” question. So boring.  So predictable.  Kind of shallow.  A rookie question.  Have a hypothesis of what you believe keeps them up and night and throw it on the table.  Of course that requires having completed Step 1 above.
  3. Know what’s going on in the world – Don’t take a political stance, but know what’s happening in the world, the markets, etc.  Election year impacts, the Brexit issue, the Middle East conflicts, the Puerto Rican debt default. People enjoy spending time with people who have a bit of depth.  You don’t need to be Alan Greenspan, Warren Buffet, or Seth Godin, but you do need to have ideas and opinions beyond your company’s.
  4. Manage your time – Arrive early.  If you’re on time you’re late.  I get tired of hearing how bad traffic was.  Sales people today, especially in bigger cities think they can use traffic in Seattle, LA, NY, Boston, Atlanta, etc., as an excuse and people will just understand.  If you want to be like every other sales person walking in the office than great.  You will be – just like every other.  You want to be different?  Give yourself extra time.

One final extra tip.  Please show up with some energy.  No, you don’t have to drink 17 Red Bulls before you walk in the door.  Likewise you don’t want to be Eeyore either. Find the balance between excitement and control.  Do all of these together and you’ll run an awesome meeting.

 

 

A word or two on sales coverage models

 

 

Isolated Earth -  Elements of this Image Furnished by NASA

In a recent conversation with a CEO of a large service organization I was asked which sales model I believed was most effective in generating improved sales results.  A popular question these days.  Everyone who is responsible for generating revenue has asked this question at least once.  The answer however, lies with your buyer.

In a vacuum there is no one single, silver bullet to drive sales results.  The most popular sales coverage models include:

  1. Generalists – sell everything
  2. Specialists – sell usually one, perhaps two products
  3. Verticals – sell to specific industries; professional services, restaurants, manufacturing, etc
  4. Revenue – sell by revenue size of client; SMB, mid-market, enterprise
  5. Employee size – sell by number of employees; payroll companies often use this coverage model
  6. Account-based – assigned specific accounts/companies to sell or cross-sell

In addition to this mix of options, a head of sales must consider whether a field sales organization or inside sales team is most effective.  Again, the decision here should be informed by the company’s buyer’s journey.  Many products and services once believed could only be sold via an in-person interaction are now sold over the phone.  Taking this a step further, we also know – thanks to Amazon, Apple, Tesla, Intuit, and others – that self-fulfillment is not just possible, but preferred by many consumers.  The ability to do-it-yourself is highly appealing.

Gaining an understanding of how your buyer makes decisions is the first step to determining which model is best for your business.  Listen to your buyers and then align a sales process that helps lead the buyer through his or her journey.  That’s the answer to which model works best.