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Has your business
changed over the last couple of years? Are other companies
actively prospecting your best customers or clients? What is
your plan of attack to deal with stagnant sales growth? Have
you lost or are you about to lose market share? Over the
years, we have observed the mistakes of many professional
people in many different types of "selling situations" in
trying to acquire and retain business. Although the actual
approach or style will always vary, there are many common
pitfalls that can trap professional people. Here are the
most prominent.
- Professional
people talk instead of listen. Too many
professional people monopolize the time they have in
front of prospective clients, only allowing the prospect
to listen. For every hour in front of a prospect, they
spend five minutes selling their services and fifty-five
minutes buying them back! Rule: The prospect should do
approximately 70% of the talking. We only have one mouth,
but we have two ears!
- Professional
people presume instead of asking questions. Some
professional people seem to have all the solutions. In
fact, many companies no longer offer services, but are in
the business of "providing solutions." The disadvantage
with this strategy is that too many professional people
are trying to sell solutions without knowing what the
prospect's problems are. Questions should be asked
up-front to set the ground rules insuring a complete
understanding of the prospect's perspective.
- Professional
people answer unasked questions. Example: A
client makes a statement such as, "Your prices are too
high." Most professional people retreat to a defensive
mode. They often begin a rehearsed speech on the
experience of their company or the quality, value, and
special features of their product or service. Most often,
they respond with a price concession or a fee reduction.
If a client can get a discount by merely making a
statement, then maybe he shouldn't buy until he tries
something more powerful to get an even greater price
reduction. "Your prices are to high" is not a question!
It does not require an answer. Rather, ask the
prospective client, "Why do you think some companies
charge higher prices than others?"
- Professional
people fail to get the prospective client to reveal
budgets up front. Knowing whether there is money
planned for a project will help the salesperson to
distinguish between the client who is ready to solve a
problem from one who is not as committed with regard to
money or budget. At this juncture, the professional
person should evaluate if price will be the only
consideration in making the sale. Rule: If you get the
business on price, you will lose the business on
price.
- Professional
people make too many follow-up calls when the engagement
is actually dead. It could be a stubborn
attitude to turn every prospect into a customer or
ignorance of the fact that the process is truly dead. Far
too much time is expended chasing prospects who just
don't qualify. There are methods to detect this situation
far earlier in the selling process.
- Professional
people fail to get a commitment to buy before doing a
proposal. Professional people are often very
willing to jump at the opportunity to do proposals and
commonly end up wasting their most precious commodity:
time. They miss their true goal in acquiring a client and
become an unwitting unpaid consultant, merely teaching
their prospects enough to help them buy cheaper from a
favorite supplier. How many dead bids and proposals has
your firm sent out over the last twelve months? How much
has this cost your company?
- Professional
people chat about everything and avoid beginning the
sales process. Building rapport is always
necessary and desirable in establishing long-term
business relationships. Too often, the professional
person does not know when to stop this early step and
move to the next step in the process.
- Professional
people prefer "maybe" rather than getting to
"no." Prospects are constantly ending the
engagement with the ever-too-prevalent "think-it-over"
response. The professional person accepts this
indecision, and even sympathizes with the prospect. It is
easier to bring back the message to a sales manager or
partner that the prospect might use the company's
services "sometime in the future," rather than saying
that this prospect is not a candidate for your services.
After all, wasn't it the professional person's
responsibility to go out and get the prospect to say
"yes"? Also, hearing "no" a lot can produce feelings of
personal rejection on the part of the professional
person.
- Professional
people see themselves as beggars rather than
doctors. Professional people don't view their
time with a prospect as being spent conducting an
interview to see if the prospect qualifies to do business
with their company. All too often a "prospect" really is
a "suspect" and never gets to a more qualified level of
prospective client or client. Professional people find
themselves hoping, wishing, and even begging for an
opportunity to show their expertise with the false hope
that a sale can be consummated (remember unpaid
consulting!). This is unlike the physician who examines
the patient thoroughly before making a recommendation. A
doctor uses various instruments to conduct an examination
of the patient. A professional person should view
questions as the equivalent to the doctor's tools when
conducting his or her examination of the
client.
- Professional
people work without a systematic approach to
selling. Professional people find themselves
ad-libbing or "going with the flow" all too often in
trying to make a sale. They allow the prospect to control
the selling process. Professional people often leave the
sales interview without knowing where they are because
they don't know where they've been or what the next step
is in the sales engagement. The need to follow a specific
systematic sequence and control the steps through this
process is vital to the professional person's success in
acquiring new clients and obtaining more business from
existing clients.
- Professional
people look, act, and sound like their
competition. What happens when the prospective
client is faced with professional people who look, act,
and sound alike in a multiple selection process? How
might the prospect make a decision in that situation? By
who has the lowest cost? By personality? A random
process? In order to outsell the competition and avoid
losing prospective and current clients, the professional
person needs to develop an approach to selling the
services that differentiate him or her from the
competition. An effective way of doing this is by
developing a questioning strategy looking for the
prospect's "pain," not by performing a traditional
"features-and-benefits" circus presentation that often
ends up wasting everyone's precious time. "Pain" is the
underlying emotional reason why people buy anything. They
are trying to move away from "pain" when they are looking
for a new vendor or need a new application for an
assembly problem or need a better designed business
form.
Marketing and
selling skill development is essential! The professional
person who is serious about his or her profession keeps pace
with the times. No longer can one merely hand out a business
card and expect business to come beating a path to one's
door. Successful professional organizations realize the
necessity of investing in marketing plans, consultative
selling skill development, and ongoing reinforcement of
these skills to enroll and develop new clients as well as
sell add-on services.
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