Showing posts with label sales tactics. Show all posts
Showing posts with label sales tactics. Show all posts

Tuesday, June 28, 2016

The Top Five Sales Tactics All Salespeople Should Avoid












When someone decides they want to pursue a career in sales—which is as honorable a profession as any other—they also get to decide what kind of a salesperson they want to be. Very few people would purposely choose to become the stereotypical sleazy salesperson, but it can happen if no one ever takes the time to explain the “old school” selling tactics people associate with sleazy salespeople, and why you should avoid them at all costs. Here’s a quick refresher of the top five tactics all salespeople should avoid: 

1. Directly putting down your competitor’s products/services:  Doing this is basically telling your prospect they are ignorant of the world around them. Face it, your prospects have access to the same information you do. Your job isn’t to prove your products/services are better than your competition’s. It’s to show your prospect that your products/services are a perfect fit for them.

2.  Hoping your prospect is as lazy as you are:  I once worked for a VP who always asked, “Did you do your due diligence?" The reality is that there are business owners who don’t do their due diligence with regard to their own company, or with the sales reps they encounter. For the sales rep who gets their foot in the door, it’s a choice. They can do just enough work to get the account, or they can do their own due diligence and become an invaluable resource to the business owner.

3.  Insulting you prospects intelligence: If there’s one trait that’s become synonymous with the sleazy salesperson, it’s the idea that they’re always on the lookout for the easy mark. Never assume that the way someone looks, dresses, or talks is an indication of how well they know their business. Don’t fall into the trap of believing that just because someone’s desk is a mess, you have an edge. Don’t let your assumption about how business savvy a prospect is end up showing the prospect just how un-savvy you are.

4.  Making promises just so you can get the order:  Everybody knows how the “bait and switch” approach to business works. What people don’t understand is how it can still happen in this day and age. Easy. When the order isn’t delivered on time, or as expected, or at the price quoted, it’s always someone else’s fault. These kinds of sales lead to short-term clients. Think about it… if you go to a restaurant and everything about your visit is sub-standard, are you likely to go their again? Over time, short-term clients lead to a short-term career.

5. Talking over your prospect: Yes, you may have a lot of great information to share, but good sales conversations are a two-way street. Talking over your prospect’s questions before they can even ask them forces them to look for answers in what you’re saying. That might have worked in the old west when the “snake oil salesman” sold from his wagon, but many of today’s business owners know more about your products/services than you do! Remember, relevant conversations are building blocks for solid long-term business relationship.

Fortunately, many sales professionals learn not to pursue these tactics early on in their careers. But I can't tell you how many times I’ve wished I hadn’t been present to witness a sales person falling into "old school" selling tactics simply because they didn’t realize that’s what they were doing.
Chances are that the stereotype of the sleazy salesperson will never be eradicated either. Fortunately, as sales professionals, we do get to choose whether to conduct ourselves as part of the solution, or part of the problem.

Alan Luoma: I am a Sales Coach with extensive experience in industrial sales, sales management, new


product development, sales and product training. I work with a great national sustainable packaging company and their exceptional distributors to increase sales. My success has been and is in utilizing the Pareto 80/20 principal in business and life. I have become an expert in seeking out and eliminating behaviors that prevent business people from being successful. I am a member of The National Speakers Association and New England Speakers Association. You can view my profile on LinkedIn, or contact me at Luoma@snet.net 




Saturday, May 28, 2016

How To Take Charge of Your Accounts and Increase Your Quality of Earnings









Quick! Print out a list of all of your accounts. Do it right now.
Did you print it? Probably not. After all, you know your list. You know your clients too, and besides, how could I say or ask anything that would be relevant to your specific list?
The reality is that after all my years in sales and as a sales coach, I don’t need to see your list to know that there is untapped information and potential there. It might be that no one ever showed you how to mine your list. Or, it might be a case of having forgotten how a few simple questions can keep you inspired to reach another level. Either way, there’s a tremendous amount of value in analyzing your list.
As you know, I’m a firm believer in the application of Pareto’s 80/20 principle. That means that if you have a list of 80 clients, 16 of them are in the 20%, providing you with 80% of your revenue. The other 64 clients aren’t.
With your top accounts, what do they have in common with each other? Is it their industry, location, or the way the company is structured? Are they all within a specific aspect of the industry that you have more expertise in? Why do you think they do business with you rather than your competitors?
When it comes to mining your top 16, think about the way their business is built and how they structured themselves. Then brainstorm/research for other businesses, companies, and organizations that mirror their setup. This will provide you with a list of more potential top 20% performers.
Make sure your top accounts really are profitable. There are times when the revenue they provide looks good until you dive into how much time, effort and work it’s costing you to consider them as one of your top 20%.
Don’t forget about your other 64 clients. Take a long look at each one of them to determine their long-term prognosis as being a good match for you and your list. Are there any with the potential of moving up and into your top 20%? If there are, consider how much time it would take to get them there. Are you willing to make the effort? If you aren’t, it doesn’t mean you should get rid of them as a client. It just means you can block the time you spend on their account off your calendar well into the future.
With the lower performing clients, maybe it’s time to consider another alternative for them—like inside sales. Could you hand them over to a new sales rep in your company? Obviously you can keep them, but you will be blocking off your valuable time to work on their accounts well into the future too. On the other hand, if you come up with a way to professionally and ethically let them go, you’ll have more time to pursue new accounts.
There’s always a balance to be struck in sales. We want to believe that our client list is structured with the necessary combination of clients who will help us reach both our sales and monetary goals. But business is always on the move—always changing.

When was the last time you went through your client list to make sure everyone on it is still performing in a way that supports their goals as well as yours?


Alan Luoma: I am a Sales Coach with extensive experience in industrial sales, sales management, new

product development, sales and product training. I work part time with a great national sustainable packaging company and their exceptional distributors to increase sales. My success has been and is in utilizing the Pareto 80/20 principal in business and life. I have become an expert in seeking out and eliminating behaviors that prevent business people from being successful. I am a member of The National Speakers Association and New England Speakers Association. You can view my profile on LinkedIn, or contact me at Luoma@snet.net 



Tuesday, September 16, 2014

Hello Fellow Speakers and Entreprenuers!  It is a pleasure to have the privilege of sharing some information about myself and what I will write about in future blogs.  Today is Tuesday Sept 16th

Bill: Yale University's Woolsley Hall
My name is Bill Miranda and I have been blessed with a long and varied work background that has seen the likes of both one person start-ups, right up to Fortune 500 companies.  My career has helped me to understand, define and develop World Class Customer Service organizations, Marketing Strategies, and of course Dynamic Sales Strategies and Tactics. 

After a successful career in “corporate America”, my wife and I decided (she was 6 months pregnant at the time) that it was in our best interests for me to quit my job and start a sales representative  business.  Selling was my strength, and it seemed prudent to work for myself and my growing family.  Afterall, how hard could it be? 
Since this is a blog and not a book, I can’t begin to tell the tale of the ups and downs, the starts and stops, the successes and failures that were seen on this journey.  I can’t effectively explain here (you should see me live though!) how the periodic desire to “move on”, to do something else met with the stubborn drive and willingness to keep “fighting the fight” and not to succumb to the challenges that are thrown at each and every one of us by everyday life.

I have prospered thru strong market growth, and survived the cataclysmic decline during our most recent “economic recession/depression” . . .whatever it is the politicians are calling it!
At the end of the day, there are 3 things that drive me: 1) my family: my wife of 27 years, and my 3 children (including college age twins),  2) the burning desire to excel and be known and respected as one of the best at my trade, and 3) sharing my success with others by communicating  the lessons learned while navigating the constantly changing business climate. 

An accomplished and award winning speaker, I am currently writing my first book.  As a dynamic and entertaining speaker, I utilize a combination of stories and anecdotes to motivate and inspire my audience to take action.  Sharing a story is one thing, sharing the “spark” to approach life differently is something else.

Graduate of Fairfield University (B.S. Management), and Sacred Heart University (M.B.A. Marketing).   Graduate of the Dale Carnegie Course and countless other training and leadership programs.

Please email me for more information, and a free telephone consultation 
billmirandaspeaks@gmail.com

Next Month:  “Developing World Class Customer Service”