February 20, 2008

Being Brilliant with Sales Basics

Brian QuallsMaking sales is a process, not an event. When selling becomes a series of steps, a system for communicating with people that is followed consistently, results will follow.

Any sales process should include the following elements:

1) Get a Lead
2) Make Your Approach
3) Fact Find / Understand your Prospects Needs
4) Present a Solution
5) Answer Questions and/or Objections
6) Ask for the business

Get a Lead:

There is no selling without a prospective buyer. This article will not focus on generating leads.

If you have a unique method or ideas for generating leads, please share with the group and post a comment below.

However, we will be covering what an effective lead should contain.

A lead should consist of someone who may be willing or able to buy. The more qualified your lead is, the more likely they fall within this category. A lead may be a cold name and number from a list, an owner or executive of a business or organization, someone who has requested information, someone you know or have met through networking, or a referral.

Make Your Approach:

Once you have a lead, your next step is to approach your prospect in order to begin the process of communicating with them. Depending on your industry or your style, your approach may be written or verbal. Regardless, your approach should do three things.

  1. You want to grab the attention of your prospect. In most cases, your prospects are not just sitting around waiting for you to introduce yourself. Therefore, it is important to get them focused immediately. If your initial approach is verbal, I’d advise you to use your prospects name as an attention grabber. People experience almost an entire watt of electricity pass through their brain when they hear their first name. Similarly, if your approach is written, find out the name and correct spelling of the decision maker’s name. Furthermore, your written approach must create value for your prospect immediately so that they sit up and read on.
  2. Your approach should identify who you are, who you represent, and briefly state your purpose in communicating with them. The most effective way to accomplish this is by creating value and or curiosity in the mind of your prospect.
  3. Third, your approach should include how much time the next step will require, and involve some form of approval to move forward. Let your prospect engage with you before diving in.

Fact Find / Understand Your Prospects Needs:

Never, and I mean never, present without first getting information from your prospect and understanding his or her needs and motivations. This involves asking questions and listening to the responses. Most people don’t feel truly listened too very often, if at all. Therefore, genuine listening provides a benefit to your prospect as well as to you. Specifically:

  1. You build rapport by getting people talking about themselves and issues that are important to them;
  2. You determine if they are in fact prospects with whom you should be spending time (i.e. Do we have a potential win-win situation here?) and
  3. You learn invaluable information that you can use in presentation and objection handling.

Point of this stage, listen more than you talk. Furthermore, paraphrasing what you’ve heard can be helpful to ensure that you’ve understood them correctly.

Present a Solution:

Okay, now it is time for you to do most of the talking. This is where you present your solution to someone that you know is qualified to hear it, in light of your newfound understanding of your prospects needs.

Highlight the key features of your product or service in a logical way. Demonstrate how it will benefit your prospect by focusing on what you know is important to them. If you have a story to illustrate a key point that is relevant to your prospect, use it.

It is useful to periodically engage your prospects in your presentation with an occasional question like “Does that make sense?”, or to use a trial close that give you an idea of whether they are with you such as “Do you feel like this might help you to accomplish X?” Also, look for buying signals from your prospect, both verbal (in the form of buying questions or comments) and non-verbal (if applicable).

Take care to avoid overselling your prospect by talking on and on. This can kill a sale by exhausting your prospect with too much information and too much to consider. Let the momentum in your presentation peak, then pipe down and move on to the next step.

Answer Questions / Handle Objections:

Your presentation should have addressed many common questions and objections already. However, it is very natural for your prospect to have additional questions and concerns. This is not an adversarial step by any means. Objections are actually signs of a prospect’s interest in buying. So don’t be “scared” of hearing an objection, welcome them.

When a question is asked, validate your prospect’s experience by genuinely saying “that is a great question”, “I’m glad you asked that” or “absolutely” before you address their concern.

Ask for the Business:

Remember, making sales is a process.

By now, you are dealing with a qualified prospect that has motivations and needs in line with your solution; you’ve presented your solution, validated and answered the prospects questions and objections.

The next logical step is to ask for the business. Simply asking is the simplest and most straightforward way to close.

For example, a real estate agent might ask, “shall we get started selling your home?” You may also like using an alternate choice close. For example, an insurance agent might ask, “all we’ll need right now to get you covered is a first month’s premium; or, many of my clients prefer to pay for the year at the outset in order to save money in the long run. What makes more sense for you?”

If they answer with either of the options you’ve provided, you’ve just closed. Note that when using the alternative choice close you are assuming that you are going to be doing business, and you are just getting clarity regarding the details. This can be very effective if the situation fits.

Experiment for yourself and see (share your results with the group and post a comment.) The point here is, don’t rely solely on your brilliant presentation and objection handling to get the deal done. Unless you’re prospect closes themselves, you’ll have to ask!

Concluding Thoughts:

When executing the entire sales process: Relax, have fun and be yourself. Come from a place of service and truly care about assisting your prospects and clients. Sometimes you’ll get a no, and sometimes you’ll get a yes. Both outcomes are healthy and necessary.

Believe in yourself, be confident, and be grateful for being in a great profession.

I would love to hear your feedback and comments on this article. Post a comment below.

Be Free!

Brian Qualls
Instructor

PS – We want your opinion! This is Freedom Personal Development’s first newsletter article post.

Did you think it was too short, too long, or just right? Thanks for all of your feedback ~ we are listening and excited about improving each month!

6 Comments »

  1. Was Brian a surgeon in his past life? This breakdown of the sales process, is in a word, surgical. When you think of it in so much detail and precision, it makes complete sense. We as sales professionals tend to think that the close as the most important part of the sale. Ask around in any sales organizations and most will tell you who the closers are. Who referrs to themself in the 3rd person as “THE HAMMER”? I bet you, they are following this process on a subconscious level.

    Comment by alan — February 28, 2008 @ 6:49 pm

  2. Good point Alan. Arguably a bit less intense than surgery, the process of selling truly is a craft. The closers that you refer to unquestionably understand this. In fact, when the process is followed properly, closing really is easy. It is all about being conscious.

    Comment by Brian — March 4, 2008 @ 3:05 pm

  3. Hey Brian,

    Sweet article. Do you do anything specific to “up your confidence level” before you go into a sales presentation? I’m curious b/c I’m sure that whatever you recommend could also be applied to other situations in my life, and who doesn’t enjoy feeling confident?

    Thanks,

    Dave

    Comment by Dave — March 12, 2008 @ 4:50 pm

  4. Dave:

    Great question. The number one factor that impacts the kind of confidence you are looking to improve upon is preparation. Really know your material. Secondly, get your head right by making a decision to be confident. Don’t focus on what you fear may go wrong. Instead, focus on what your objectives are for the meeting and see yourself doing a bang-up job. Even if it is your first presentation, act as if you’ve done it a million times. People will percieve you the way you perceive yourself. Finally, be sure to smile and have fun.

    Comment by Brian — March 13, 2008 @ 12:37 pm

  5. I enjoyed your article, Brian, and felt that it was a good length.

    A good method for generating leads for a sales force is to find someone that really thrives on cold calling (yes they are out there) and put them to work as a “feeder” of leads to the rest of the sales team. It takes a special person to get it right, but when it works it is magic. It might even be an existing member of the sales force. Or you might have to go out and find someone. I did that over this past year and the field sales people are absolutely thrilled with getting pre-qualified leads and I’m thrilled because the number of proposals has gone up by a noticeable amount. I know it’s a simple concept, it’s really just adding inside sales to an outside sales force, but it works.

    Everyone has a specialty!

    Comment by Mark Ahles — April 28, 2008 @ 5:20 pm

  6. Mark:

    There are indeed plenty of folks who thrive on cold calling. It is just a matter of mental perspective. In fact, the article you’d commented on is very applicable to cold calls. And leads are everywhere. Salespeople just need to make contact; as that is the first step to growth in confidence (and bank account balances)!

    Comment by Brian — April 28, 2008 @ 9:03 pm

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