Tag: Sales

A Remarkable Sales Lesson From Yankee Candle

On By Joe DeRosaIn SalesLeave a comment

Candle

Yesterday I went into Yankee Candle to purchase some of their awesome selling Balsam and Cedar scented candles.  I had a Buy Two, Get Two Free coupon.  My goal, as always when shopping, is to know exactly what I want, get in, get out, and get home!  I certainly hadn’t expected to get schooled in Sales while buying something as simple as a candle.  But I did.

Immediately upon walking in I was greeted by a very nice, “in-the-Christmas-spirit” sales associate.  She noticed I was a “man on a mission”, and asked what she could do to direct me to what I was looking for.  I told her I had a coupon for the buy 2, get 2 and I specifically wanted Balsam and Cedar candles.  She directed me to “get a basket” and then led me to the display where she then said “you want to buy the large candles with that coupon.”  I told her I was planning on getting the medium size jars.  What she said next hit me like a brick.  In all my sales career this was a first.  Her response was so quick, and so filled with conviction it just completely disarmed me.

She said, “Look…you went to college.  The large jar is $27.99 and the medium is $24.99 but the burn-time difference is 60 hours.  I know you can do the math.”  WOW!  This lady was spot on.  She used my own intelligence against me!  I did go to college and I could do the math.  With that I said yes, and out I walked with 3 Balsam and Cedar candles and a Mountain Lodge (my favorite) for a bit of variety.

On my drive home this experience got me thinking.  This lady’s style and level or persuasion rivaled any C-Suite sales executive I’ve ever dealt with and she was working for Yankee Candle!  While I might be wrong, I’m betting her sales skills were all her and not taught by Yankee.  If I’m incorrect I’d love to know more about their sales training program.

Yankee Candle Lady’s Sales Style:

  1. Smile.  The entire interaction she was smiling and genuinely cheerful.
  2. Recognize and acknowledge body language – “man on a mission”.
  3. Provide subtle direction – “get a basket”.  She’s in control.
  4. Respond accordingly – “follow me”, as she led me to the display.
  5. Know your product and your price points – “you want to buy the large”.
  6. Ready with quick reply to objection – “You went to college…you can do the math”.  Her response is disarming.  She’s challenging my intellect but subtly…and with a smile.
  7. Close the deal – she walks me up to the counter to be cashed out.
  8. Thanks me for coming in.  I wish her a Merry Christmas and she looks at me, still smiling and says “Merry Christmas to you too”.

What a truly unexpected and wonderful experience buying a candle!  Yankee, you’ve got yourself a Raving Fan! What do you think?

Why Empathy is Important for Sales Leaders

On By Joe DeRosaIn Sales2 Comments

Empathy

Sales is tough.  Rewarding but tough.  Not every one is cut out for a career in Sales.  It’s the ultimate “what have you done for me lately” profession.  This year’s top performer is next year’s runner-up.  Being a salesperson requires high energy, discipline, tenacity and focus.  Great sales people possess the ability to visualize their success.  They can see themselves on the stage receiving The President’s Award, or cashing that big bonus check.  They’re high achievers, hard workers, and by and large, emotionally charged people.  Great sales leader have many similarities. But the really great leaders have more empathy than your average sales leaders.

Empathy allows you to connect.  It makes you human.  Empathy allows you to feel, or perhaps more pointedly, allows you to understand how the someone else feels.  Having empathy is different from having sympathy.  Many people feel they are the same.  They’re not.  They’re wildly different.  Sympathy is about compassion, “feeling sorry for”, whereas empathy is being able to relate to another person.

Great sales leaders can relate, or empathize, with how challenging it is to find good prospects.  They can empathize with how exhausting making 100 dials a day can be.  If it were sympathy, I’d be saying “I’m sorry you have to make those 100 calls today…I sympathize for you.”  But that’s not the case.  The goal of a great sales leader is to have their team know, that they know, what it’s like to walk in their shoes.  The team wants to know the leader has “been there, done that.”  Great sales leaders are able to demonstrate empathy without effort because they can simply relate.  They’ve carried the bag, they’ve suffered the rejections, they’ve ended their day emotionally and physically exhausted without a sale in hand.  They’ve lived it.

Great leaders are not scared or intimidated to show empathy.  They don’t see it as a weakness to say “I went an entire week once not selling a thing”.  They’re not excusing low or poor performance by providing sympathy.  In fact, instead, what they are saying is I’ve had some moments like that myself and here’s how I pulled myself up and turned the corner.

We’re emotional beings.  Period.  We want to know we connect.  We’re pack animals.  Knowing we’re understood is critical.  Top performers, no matter what the profession, just want to be understood.  They don’t want sympathy and they don’t want anyone to “cut them slack”.  They want encouragement.  Not cheerleading.  There’s a difference.  Encouragement provides direction, a path.  Cheerleading provides nothing but a temporary high.

If you want to supercharge your leadership focus on developing your own personal level of empathy.  How do you relate to others?  What do you say to people who are struggling?  If you can improve your empathy skills you can improve your results, and the results of those around you.  Now you’ve created two wins.  Now you have momentum that will carry you and your team forward, and that’s what it’s all about.

 

Does Inbound Marketing Work?

On By Joe DeRosaIn MarketingLeave a comment

Inbound

Yes.  Right out of the gate, Inbound Marketing does work.  But like everything else in life, success is largely dependent upon a few key ingredients beginning with a clearly defined objective.

Many companies look at Inbound Marketing as a way to simply accelerate their cold calling efforts. These are the companies that still believe that the only way to generate more revenue is to shake more hands.  The concept of Inbound Marketing however is focused on a virtual handshake evolving into a virtual hug.  It’s about creating a safe environment for your customer to learn, ponder, and explore at their own pace.  For Inbound Marketing to work your customer must believe the content you’re offering has value.  They must also believe you have a passion…a purpose…a genuine desire to help solve their problem the best way possible. This means the content you develop answers their questions and provides enough information to lead them to ponder new ideas or considerations.  It all begins with great content.

Some companies try to disguise their sales materials as content.  Don’t bother!  It won’t work!  Your customers are too savvy.  They know too much.  They have access to other competitors content that they are comparing yours against!  No.  Your content must be factual, original, thought-provoking, specific, and end-result focused.  That means you must understand your customers needs; in fact better than they know them themselves.

Once you’ve created killer content be sure to have a system in place that enables you to manage your Inbound Marketing efforts.  There are a number of solutions available for companies of all sizes to manage their Inbound efforts without breaking the bank.  Check out HubSpot, Marketo, and Pardot.  Each of these systems have their pros and cons depending on your own objectives.  The good news is they all produce great content to help inform you in your decision making process. After all they are in the business of Inbound Marketing.

In summary, Inbound Marketing is about being invited to the party rather than crashing the party with traditional Outbound Marketing activities.  It’s permission based.  Inbound’s philosophy is to establish virtual credibility and rapport first, before a sales attempt is made.  It’s about nurturing.  Cultivating.  It’s about content.  In my next blog I’ll show you some easy ways to great started on creating content that matters to your customers.

Let me know if this was helpful.

 

Salespeople BEWARE: You’re About to be Sensored

On By Joe DeRosaIn SalesLeave a comment

ScaredSalesPerson

So you’ve chosen a career in Sales.  You’re excited by the thrill of the hunt, the change of scenery everyday and the opportunity to make as much money as you want. But could Sales be changing in a way that makes all this a distant memory?  You may be at risk of being replaced by a sensor…big data.

In a recent Fortune magazine article on Formula 1 racing authored by Stacey Higginbotham, she writes about how big data has changed the racing sport.  In “less than 300 milliseconds” data can travel from the farthest track in Australia to the UK where it can be analyzed and strategy adjustments can be provided back to the crew at the racetrack.   According to Alan Peasland, head of technical partnerships at Infiniti Red Bull Racing, “Gut-feel decisions just aren’t made.”

Imagine big data eliminating gut-feel decisions in your sales process.  With CRM platforms, marketing automation systems, and a variety of sales enablement tools there is more data than ever providing insight into each sales encounter.  When contact was made, what was discussed, who was present, what the outcome or next step is, or what went wrong.  Crunching all this data and putting it into a useable format might just make the salesperson a thing of the past.

As baby-boomers are overtaken by millennials buying habits are changing quickly.  Millennials rely on mobile devices and testimonials much more than boomers do.  In fact, according to Business Insider, 62% of millennials respond to mobile offers versus 39% of boomers.  Additionally, 82% of millennials favor word-of-mouth from friends and family versus 52% of boomers.  That means marketers must adjust their branding, advertising and sales processes.

Is it possible that in the future the role of the salesperson simply goes away?  What if a company like Amazon was able to aggregate all of your purchases and with great accuracy recommend and predict future consumption…both product type and quantity?  Wait a minute…aren’t they already headed that way?  The Dollar Shave Club is already doing this with great success. Maybe this isn’t as far-fetched as you’d like to think it is.

Sales professionals need to recognize this tectonic shift.  Your ability to survive being replaced by a sensor collecting and analyzing data will only be as good as your capability to adapt and add value.  Reading, researching, and having your own teachable point of view are critical requirements of your survival.  In the absence of any or all of these requirements your sales role today will become a fossil for tomorrow.  Get curious and keep thirsty for new knowledge.

Confidence THEN Conviction

On By Joe DeRosaIn Marketing1 Comment

perception

Confidence is one of the most studied, sought after, and revered human traits. We all aspire to have confidence. The confidence to ask for a raise, or a date, or the confidence to ask for the business. Nearly everything we do in life requires confidence. But do you know what ingredient is needed to super-charge your confidence? It’s conviction.

 Years ago I found myself sitting in a meeting with the brilliant founder of Intuit, Scott Cook. In that meeting we were discussing why one of our product lines wasn’t acheiving the level of sales success we had anticipated. All of our research suggested it was due to a lack of brand awareness within that product category’s space.

At the end of our presentation Scott sat back and looked around the table. We were all quiet, anxiously awaiting his approval of the depth and quality of our work and findings. Instead he sat up, placed his arms on the table in a folded position and said, “I have a question. Raise your hand if you’ve ever heard of a Yugo.” We looked around the room at one another and quickly hands began to rise. Still looking around the room Scott then said, “Now keep your hand up if you’d buy a Yugo.” One by one hands came down and we now knew we were about to get schooled in the topic of brand awareness.

“Your problem is not with awareness. Your problem is that the market has no conviction in your product”. Scott effectively made the point that strong awareness without conviction equals failure. Our job was to instill conviction in the marketplace. Doing so required us to establish confidence first with our buyer. They needed to first “believe” we were capable of what we said we could do, and only THEN could they demonstrate their conviction to buy from us.

Establishing confidence begins with awareness, followed by increasing the buyers familiarity with your offering. Once familiar, the marketers job is to instill confidence. This can be done through a variety of ways including testimonials, surveys, samples, free trials, or a no-risk guarantee. Regardless of which method you use to instill this confidence it must be real before you can ask for the customers conviction to purchase.

To make this journey successfully you must be willing to truly hear what your customers are saying. You need to assess the marketplace. And perhaps most importantly you need to exude a personal conviction that by doing these things your business will grow with happy, delighted, and profitable customers.

Customer Journey Mapping:  If you ask, be ready to listen and act

On By Joe DeRosaIn MarketingLeave a comment

I’m attending a Marketing conference this week in Chicago.  Much has been said about the importance of undertanding the customer buying journey.  CMOs, SVPs of Marketing, and in some cases CEOs are talking about how much time and money they are spending to better understand their customers.  Yet nothing is happening.  Why?

Most companies fall into two categories:  those willing to change how they go to market, and those that “say” they’re willing to change buy are simply not capable.  The latter is not because of a lack of intellect or knowledge.  Instead, companies not “capable” of change are typically those that are emboldened to the way they currently do things.  It’s easier.  It’s more comfortable.  It’s familiar.  Changing how you do business, and the interaction you have with your customer is scary.  It’s unknown.  As such only the most brave and courageous make the jump.

For those proposing or leading customer journey work consider the following:

  1. How involved has the current management/executive team been with customers?  Are they speaking directly to customers?  Are they in the field meeting with customers?  Do they attend industry events and speak directly to customers and prospects?  If the answer to any of these questions is “no” it’s likely you’ll struggle implementing the changes required to address your findings.
  2. What major changes have taken place over the past 12 months that affect the customer directly?  Did you launch a net promoter measure?  Is there a customer service center, and if so how is their success measured?  What communication has been sent to your customers over the past year?  Is it all sales related, or educational in nature?  Have you been surveying for customer satisfaction?  What have you learned?
  3. What’s the background of the CEO, COO, and President?  If you work in a small organization those roles may all belong to the same person.  That’s okay but the question still pertains.  Does he or she have any customer experience?
  4. Your sample pool should be diverse yet random.  Meaning, if you sell multiple products through the same sales and service channels you should look for customers with varying tenure with your firm, as well as different volumes of business.
  5. Have a project manager.  You may not have that luxury…it may be you.  How are your excel skills?  How do you manage projects, timelines, deliverables?  What’s your releationship with senior management to whom you’ll have to present your findings and recommendations?

I’ve conducted numerous customer journey mapping over the past decade.  The customer is always changing…evolving.   

 The impact of social media has become a catalyst for this change and will likely expedite it in the future.  If you’re interested in learning more about conducting customer journey mapping send me a reply/comment and I will be happy to provide additional insight and guidance.

3 Ways to a Strong Sales Finish

On By Joe DeRosaIn SalesLeave a comment

JoePic

With 75 days left in the calendar year many salespeople find themselves in a crunch.  Either a crunch to hit that next multiplier level for bonus money, or a crunch to simply get as close to plan as possible.  Regardless of where you fall in that spectrum here are 3 things every sales pro should be doing right now:

  1. 70/30 split.  At least 70% of your time should be spent with your current customers.  You should be focused on understanding their business, providing value by educating them on possible solutions for their needs, and listening for trends, concerns, ideas, etc.
  2. Ask for the business.  The closest thing to a silver bullet in Sales is asking for the business.  Sure, you need to have earned the right to ask, but let’s assume you have.  Too often sales people assume that if the customer had more business they would have already given it to them.  WRONG!  WRONG!  WRONG!  It’s not their job to give you anything.  It’s your job to earn it, ask for it, and then deliver it in a way that makes you both memorable and remarkable.
  3. Be disciplined.  There’s no such thing as a 9 – 5 sales job.  If those are the hours you’re working you’re simply not doing enough.  Oh…you’re already at quota working 9 – 5?  Then I’d ask how much more you could have sold if you kicked it up a few notches?  It’s time to push.  Even if you’re at quota now a new sales year is right around the corner.  Plan your days.  Have your call list ready the night before.  Don’t waste precious selling time getting ready.  When you’re standing at the starting line it’s too late to train for the race.

Be sure you’re confronting reality.  If you’ve missed plan this year take an inventory of where things went wrong.  Be honest.  At the end of the day if you’re over plan it’s because of you and if you’re under plan the reason is the same…you.  You may be more expensive, of lesser quality, or longer to fulfill.  Regardless, you own finding a new path.  Once you accept accountability the path becomes much clearer.

Be calm.  Sell on.

4 Keys To a Better S.A.L.E.

On By Joe DeRosaIn SalesLeave a comment

Improve

No matter if you’re new to sales or a seasoned sales executive, brushing up on your selling skills is as important as changing the oil in your car regularly.  Leave the oil too long without changing it and your engine gunks up, gas mileage deteriorates, and in time your engine will fail.  Knowledge is to the sales person what oil is to an engine.  When you stop feeding your mind new knowledge your performance deteriorates and failure is around the corner.  But with so many things to think about, so many calls to make, numbers to hit, you don’t know what to focus on first.  So here’s a tip that will keep it simple…just remember SALE.

The “S” in Sale stands for structure.  Every sales person needs structure.  Some people are naturally disciplined and have strong internal structure while others require help to remain focused and disciplined.  Only you can be honest enough with yourself to know where you fall on the structure spectrum.  Structure includes when you make your calls, how your desk is set up, and whether your car is cleaned.  Structure speaks to your ability to organize.  Stronger organization equals higher efficiency which yields better results.

The “A” in Sale stands for attitude.  John Maxwell, the famous inspirational author, wrote “your attitude determines your altitude.”  Having a positive attitude is essential to success in life and critical to your success in Sales.  Have you ever met a sales person who seemed like they were on their last leg?  No more gas in their tank?  How did that make you feel?  Excited to buy?  Confident in purchasing their product…from them?  No.  No one wants to work with someone with a poor attitude.  No one buys from someone who lacks confidence in themselves, their product, or their company.  If you’re honest enough to recognize you have a confidence gap – read.  Thousands of books and books-on-tape are out their that can help.  Take action.  Don’t let another day go by with a bad attitude.

The “L” in Sale stands for learning.  If you’re not a continuous learning become one…and fast.  Albert Einstein said, “You have to learn the rules of the game.  And then you have to play better than everyone else.”  The rules of the game are always changing in Sales.  Your customer is evolving.  The internet and its ability to provide mountains of information will continue to change the game for years to come.  Better educated customers and prospects force a sales person to constantly up their game.  If you think the sales skills that won you awards 10 years ago, 5 years ago, or even last year will work in 2016 you’re wrong.  News flash!  If your buyer hasn’t already changed, they are in the process of changing.  Read.  As much as you can from as many sources as you can.  Commit to bringing one or two points from what you read that day into your sales conversations, then watch how your customer engagements change before your eyes.

The “E” in Sale stands for energy.  And lots of it.  Sales is physically and mentally demanding.  Some days are more draining that others.  Break up your day.  No matter how good you are you simply can’t sit and make 50 sales calls in a row without stopping.  While that may be physically possible, your energy levels will diminish and your customer will sense it.  Stay hydrated.  Drink 4 – 5 glasses of water throughout the day, or bottles if more convenient.  Stop for lunch.  If you don’t have the time for lunch keep an energy and protein bar handy.  You don’t want low energy levels to come across as poor attitude.  And make sure you get a work-out in daily.  Whether you start, or end, your day running, spinning, swimming or CrossFit, simply make sure to get some exercise in.  It will help keep your mind fresh, your energy up, and your endurance strong.

Happy Selling!

3 Keys To Better Decision Making

On By Joe DeRosaIn LeadershipLeave a comment

We all make choices.  Everyday each of us decides what we will do, not do, where to spend our time, who to share our love with, and who we choose to ignore.  The decisions we make are informed by our experiences with people.  Bad experience leads to one set of choices in how we act, good experiences lead to an entirely different set of choices.  No matter, life is about choices.  The goal is to make better choices more often than not.  Doing this takes practice, self-reflection, and perspective.  Try these 3 things the next time you need to make a difficult choice.

  1. Get it on paper.  Put the circumstance in writing.  Frame it.  What’s the problem, the choice that needs to be made?  Who are the people involved in that choice?  Husband?  Wife?  Boss?  Co-worker?  
  2. List the various choices, or decisions, you could make and what the pros and cons are of each.  Your internal compass is critical in this step.  Often times making the right decision is difficlt to do.  Beginning the decision making process by burdening yourself with what others will think will often times lead you to making a poor decision.  Having the courage and intestinal fortitude to make the tough calls are what separates good decision makers from the bad.  
  3. Finally, after you’ve identifed the best decision…your decision…consider its impact on those affected by this decision.  The purpose of this step is not to second guess your decision, that’s already been made.  Instead this step is necessary in order to create your story…your logical, intellectually sound story, that informs those impacted by this decision as to how you went about making your decision.  

Difficult choices are never easy, and regardless of how logical your reasoning is you will never please everyone.  Great leaders are those who can make difficult decisions, communicate those decisions, and get most people to buy into the decision they’ve made.  Those leaders who focus on trying to get everyone to buy in to their decisions instead find themselves following more than leading.  After all, if my choices were based upon what others did, felt, thought, etc, would I not by definition be following?  Be a leader.