Thursday, October 25, 2007

Don't Sell Like You Buy

By Keith Rosen, MCC The Executive Sales Coach™

I was almost at the end of the keynote I was delivering to an audience of Internet service providers in Tampa, Florida. As I brought the program to its natural conclusion, I let the audience know that I would open the floor to answer any questions that they may have.

Several hands went up. The third person I called on made a statement, not a question.

“Keith, that sounds too sales-y. I could never do that with a prospect.” He was referring to the four qualifying questions that I claimed are guaranteed to bring in more sales when meeting with a prospect.

“Sounds too sales-y?” I wanted to confirm I heard him correctly. I responded to this gentleman with a question. “To whom?” I wondered.

“To me!” the gentleman replied. “Those questions that you suggest we ask every prospect sound way too sales-y to me. There’s no way that would work with my prospects.” (Said a different way: “There’s no way I could ask those questions. I’m scared!”)

“Well, I can certainly appreciate the fact that these questions may sound a bit different or as you say, ‘sales-y,’ to you, especially if you don’t ask the prospect any questions. But what about your prospects? How do they sound to them?”

“Huh?”

“When you ask these questions to your prospect, do they tell you that it sounds ‘sales-y’ to them?” I clarified.

“Sure.”

“Really? Is that what they told you?”

“Not exactly,” the person said and then continued with, “I really don’t know. I’ve never used these questions before.”

“So if you did use these questions, you’re assuming that they will come across as sales-y or unfavorable to your prospects, is that what you’re saying?”

“Yes.”

I thanked this person for their comments and clarification and then asked the entire audience how many people felt similarly. That is, I asked if those of them who had never taken the time to ask the questions felt that it wouldn’t be something that worked for them. A majority of hands went up.

I then asked a question to the audience. “How many people have heard of the Sahara Desert?” Most of the hands in the audience went up. I then asked, “How many people here have actually had the firsthand experience of visiting the Sahara Desert?” No one’s hand went up.

“So, then, how do you know it even exists?”

Silence. I then continued, “If you’ve never experienced it, then how do you know it’s real? Just like the questions I suggest: If you’ve never used these questions, then you really have no idea whether or not they will work or how they will be received by your prospects.”

I was building my case. I then turned to the audience and said, “Do not sell the way you buy.”
Now, you may feel at this point that I’m contradicting some universal selling principles. After all, conventional sales wisdom suggests how important it is to empathize and sympathize with your prospects and clients.

However, there’s a very fine line between understanding and respecting someone’s decision-making process and assuming that everyone makes a purchasing decision in the same manner, using the same criteria that you do. Moreover, it is a faulty assumption that your prospects respond similarly to the type of sales approach and the type of salesperson to whom you would respond and from whom you would buy.

I then shared a personal example of the dangers of selling like you buy. “Folks, if I sold in the same manner in which I make a purchase, and if I in turn transferred those values and beliefs onto each prospect that I speak with, then I could tell you with great certainty that I would not be up here talking with you today.

“Reason being, when I make a purchase of any substantial amount, I take the time to research my options and to learn about the different products or services available. By the time I’m ready to actually make the purchase — whether it’s something for my home, a television, a car, or a computer — more often than not, I will know more about the product, the competition, and the marketplace than the person who is attempting to sell it to me.

“My point is, if I started selling the way in which I make a purchasing decision, I am now putting my values, thought processes, and beliefs on the customer; I’m assuming that they purchase the same or in a similar way that I do. The result? More objections, less sales.

“Besides, what if I was talking with an impulsive or assertive prospect who was ready to buy immediately? I would be talking myself right out of the sale!”

“Let’s defuse a costly myth. The old adage of putting yourself in their shoes is really a costly assumption that destroys many a selling opportunity. Why? Because when you ‘look through their eyes’ or attempt to see things how you assume they see them, it is still really what you see, not what they see.

“The result? You develop a sales process based on how you think they buy rather than how they actually make a decision. Why? Because how you think they buy is really how you buy.

“If you truly want to wear their shoes, then you need to know how they think and what is important to them. Therefore, the only way to uncover how the prospect processes information, how he or she makes a purchasing decision, and what criteria he or she uses to do so is to ask better questions.
“Now, let’s take this same ineffective model of ‘sell like you buy’ and turn it around for a moment. If this belief in selling like you buy gets in the way of taking certain actions or of asking certain questions when on a sales call, then you must ask yourself what else you do or say, which you think safe, that is inappropriate or discomforting to your prospects.

The lesson: Don’t believe everything you sell or tell yourself.

Salespeople who sell in the same manner in which they buy are sure to have a lower number of satisfied clients.

Sell in the manner in which you were trained to sell and stick with the proven selling sequence that works for you and within your industry or profession. You cannot expect prospects to purchase in the same manner as you do.

If you sell in the same manner as you buy, you are instilling your beliefs onto other people. Since every person’s beliefs and buying habits are different, every prospect processes information differently. What is important to one person may not be important to another. Therefore, two presentations should never be exactly the same.

While one prospect might weigh company stability and the quality or value of the product as the most important aspect in making their decision, another prospect might weigh price as the most important factor.

Learn to adapt your presentation around the values of each specific prospect. In the end, people make purchasing decisions based on their style of buying, not yours.

Reading Between the Lines: Decoding Nonverbal Language

It’s been said “A picture is worth a thousand words” The picture your customer paints with their body language can often say more about what they are thinking about you and your product than what they are actually saying. It's frustrating to be rejected when you first approach a customer, but what’s even more frustrating is hitting it off with a customer for a few minutes but soon finding that your presentation comes to a halt just when you thought everything was going so well.

With spoken words making up less than 10% of the information exchanged in a typical conversation, you may be missing out on crucial information being transmitted to you via nonverbal body language. By tuning in to the body language of others—as well as your own—you'll be in a better position to know whether to keep the conversation going or cut your losses

Understanding Body Language Cues
Body language can be very subtle, and can sometimes be misinterpreted. It’s important to keep in mind that individual body language cues are not all-or-nothing observations. Even if you notice a few indicators of disinterest, it doesn't mean you don't still have a chance. It is the sum of all body language cues that will clue you in to how well you're hitting it off.

The full impact of understanding body language comes not only when you can recognize the body language of others from the very start of your conversation, but when you can also perceive subtle changes in their nonverbal communication throughout your interaction with them. So if you're hitting it off but then notice that something changes suddenly for the worst, you can assess what turned them off on the fly by thinking about what and how you're communicating to them.

Most times people are unaware of their own body language and how it might be coming across. You may be saying a lot to a potential customer without saying a single thing! Even socially anxious people who are more sensitive to others' reactions may under- or overestimate their own behavior. So make sure you also clue in to your own body language cues that you're giving off in addition to observing the other person.

Body Language Basics
There are two general categories of body language that can help you assess whether someone shares your same interest level: open and closed. Open body language usually indicates that a person is interested in you or is receptive to your advances. Generally, a person who is expressing open body language is relaxed in stance, with arms and legs uncrossed, and may use their hands to animate their conversation. Also look for these open body language cues:


  • Eye contact is relaxed, but eye-to-eye contact between two interested people is fixed for a longer time. In some cases a person's pupils may dilate in when gazing intently at a person they have interest in

  • Preening gestures, such as someone running fingers through their own hair and tossing the head slightly to the side

  • Leaning inward or closer toward a person to gauge response

  • Subtle head nods while the other person is talking
  • Touching the other person on the arm, hand or shoulder when making a point in conversation .

  • Blocking, or standing between the object of interest and any other potential suitors in the environment


Closed body language usually indicates that a person is expressing some level of disinterest or apprehension in getting to know you further. Generally, a person who is expressing closed body language may appear somewhat tense or defensive in the shoulders, with one or more arms crossed or situated in the "cobra pose," in which hands are tucked upward behind the head with the elbows facing outward. Also look for these other common closed body language cues:

  • Eye contact. A person may avoid eye contact altogether, as if to hide their true feelings about you. They may look around the room, feigning interest in other people or objects to avoid you. Additionally this avoidance may alternate with short periods of aggressive or intense staring when you look away from them for a moment, as if to say, "Back off."
  • Staying perfectly still. Like looking away, freezing the body can sometimes help a person hide negative feelings toward another in their presence.
  • Defensive gestures, such as curling their shoulders inward slightly and pointing the chin downward. Subtle aggression can sometimes be seen with tightly clenched fists as well.
  • Leaning away from or physically moving away from the other person, even subtly, can indicate a subconscious desire to get away from the person who is communicating with them.

The Role of Mixed Messages

Sometimes mixed messages come into play during a conversation. During these times someone may seem to like you on the whole, but are giving you cues that they are not 100% comfortable. In mixed-message situations, you may find that a person's body language belies the tone in their voice. (Hint: If you have a hard time picturing this, try shaking your head side to side as if indicating "no" while vocally saying aloud "yes," or nodding your head up and down as if saying "yes" while saying "no" aloud. This is a mixed message in its truest sense.) Other times, someone may lean in toward you to get physically closer but make little eye contact with you, save for brief period of intense eye-to-eye contact.


Here are three basic explanations for mixed messages:
1. Disinterested. The person's not interested in you or your product, or is deceiving you by pretending to like you enough to keep a civil face.
2. Nervous. The person may be interested in you or your product, perhaps even a great deal, but they're really nervous, and are not sure how you feel about them. Really anxious or shy people can come across as aloof and disinterested when they're anything but that once they feel comfortable with you.
3. External conditions. There are external conditions you may not be aware of, such as another product they're interested in, or perhaps they're feeling a bit under the weather. Sometimes someone who is cold might have their arms crossed but is perceived as being defensive.


Putting it all together

All in all, the combination of both spoken and unspoken communication will best tell you how well you're hitting it off with someone. But armed with the basics of body language, you'll be well on your way to putting it into practice, and once in play, you'll be several steps closer to knowing that you're really hitting it off with someone who is eager to do business with you..

Who’s reading your mail?

I’d like to introduce you to a member of my family. Her name is Chooch, and she’s 14 years old. She doesn’t work, does not have a driver’s license or a Social Security number, and as far as I know, has no credit file.
Let me start out by explaining something. My home phone number is listed in Directory Assistance under Chooch’s name. If you haven’t figured it out by now, Chooch is my border collie. That’s right…my dog! I do this so, when someone calls my home during dinner and asks to speak to Chooch, I know it’s a telemarketer. So far, Chooch has gotten calls for magazines, insurance and political contributions.

But recently, something new has started to happen. Chooch has been pre-approved for credit cards, real estate auctions. Recently, and most importantly, she started to receive mailers from auto dealers!



This is one of the credit mailers Chooch has recieved lately!

So, who’s reading your mail? Do you really know who your mail campaign goes to? Direct mail is not cheap, as we all know, and unless your piece is being opened and read by real consumers who need an auto loan, how effective can it be? In order to maximize the effectiveness of your advertising dollars in today’s market, you need to be sure that your marketing efforts are precise. After all, advertising dollars are limited, and, just like you teach your sales people, you have to sell value in order to sell your product.

Offering easy credit to customer with good credit is like trying to sell a compact to a family with six kids. It might work, but in reality, it’s going to be a hard sell. Make sure that the mailer you buy maximizes its impact on customers who truly need your credit offer. Using blind, targeted mail, with a genuine offer of credit, produces customers who want your help

Tuesday, October 9, 2007

Maximizing YOUR Results

The first question we ask dealers is: "Of the last ten potential customers that came in for a car, how many left without one?" Conservatively, dealerships are losing at least one Special Finance deal a day or 25-30 deals a month. Our analysis of the lost opportunities enables a dealership to correct the processes that are losing these customers. With re-training in proper Special Finance processes a dealer can go from being simply average and frustrated in their Special Finance efforts to solidly and consistently successful.

What does that mean in real money? By recapturing the lost opportunities at $3,000 average gross per deal, an additional $75,000-90,000 in gross profit is added simply by correcting existing mistakes. Then, with AutoLending Network™’s Targeted, Blind Direct Mail Program and the AutoLending Network™ Profit Development Center, we look to add 18-22 additional units a month. This means, with a $3,000 average gross, the AutoLending Network solution adds $54,000-60,000 a month. Combining the AutoLending Network™ Solution and the customers recaptured from lost lot traffic, it is reasonable to add another $129,000-150,000 a month to the bottom line. That is $1,548,000-1,800,000 a year in a market that most dealerships are largely ignoring.

TOP TEN REASONS YOUR LENDER SHOULD BUY THIS DEAL

TOP TEN REASONS YOUR LENDER SHOULD BUY THIS DEAL

10. IF YOU COULD ONLY SEE THESE PEOPLE, YOU’D BUY THEM
9. YOU’VE GOT TO HELP ME, IT’S THE OLDEST CAR ON MY LOT!
8. LOOK AT IT THIS WAY, HE CAN’T FILE BANKRUPTCY FOR ANOTHER SEVEN YEARS.
7. WHEN’S THE LAST TIME I ASKED YOU FOR A FAVOR?
6. YOU SHOULD ONLY HOPE THIS GUY GOES BAD, YOU’LL MAKE MONEY ON THE REPO!
5. NO, HE’S NOT A GYPSY – HE’S A ROOFER.
4. YOU DON’T WANT ME TO HAVE TO CALL YOUR BOSS, DO YOU?
3. COME ON, THIS GUY KNOWS THE OWNER.
2. YOU HAVE TO HELP ME; THE CAR’S ALREADY BEEN ON THE ROAD FOR TWO WEEKS!

AND THE NUMBER 1 REASON WHY THEY SHOULD BUY THIS DEAL…


OK – BUT THE REPO WASN’T WITH YOU!!!