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Rick Roberge - Rainmaker Maker, Smarketing Guru, Sales Coach

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Sales Decisions

Posted by Rick Roberge on Mon, Oct 10, 2011 @ 06:36 AM
  
  
  

I just read Frank's post and he asks some good questions.

As I read, I found myself thinking about me, the way I sell and the way that I have sold. I think that I've changed and not necessarily for the better. Not a week goes by that I don't retract an offer to work with someone. They always get upset with me. Last week, I posted about the prospect that replied, "Wow how arrogant" and threatened me. Last week, I was told that I was "confrontational" and "in your face".

It doesn't have to be that way. If I could just get every prospect to read Frank's post, they might learn about my mental short cuts and understand that it "just didn't feel right", but the fact is that I can't get every prospect to read the post just like he can't get every sales professional to read the book. They don't care. They want what they want.

A little history -

When I sold Fuller Brushes, Cutco Cutlery, and furniture, I sold what I sold and moved on. My job was to sell as much as I could. It was somebody else's job to deliver and do customer service. Then I spent the next 20 years in collections, where I learned two things.

Joe hired me to collect three debts. Every one of his debtors threatened me physically saying something like, "If Joe was here, I'd use this chain on him, but you're here representing him..." I got out of there. Returned Joe's paperwork and suggested that he might deserve not to get paid. I talked to thousands of debtors, and only got threatened three times, by Joe's debtors. Joe was not happy. He said that I had agreed to help him and that I was changing my mind. He was right, but I wish that I had never agreed. Never started. Walked away. Why, because I no longer sold and walked away. I had to deliver. I was a partner with my client and what they did impacted my life. If they were clean, I was clean. If they were a crook, I was a crook and if they lied, cheated, stole or were otherwise unprofessional, it made my job difficult if not impossible.

As I mentioned, I talked to thousands of debtors. They were regular people like you and me that weren't paying for something that they had agreed to pay for. My client made an offer. The debtor accepted it. Did the debtor actually accept the offer? Did the debtor change their mind? Did my client not deliver? Did the debtor's world change? Are they negotiating after the fact? (In some cultures this is OK.) What I learned was that many debtors appreciated these questions and that I could determine in 5 minutes whether or not this debtor would pay if they could. I worked with the ones that would. The lawyers sued the ones that wouldn't.

So, what's the message. Use the comment section to give your version of what the take-away should be.

COMMENTS

Rick, you say that customers “want what they want” I would add; “and its our job to find out”! Actually It’s a business imperative!  
 
The lesson is; the better you know your customer; what they want and more importantly, why they want it, the easier and more predictable the sales process. Data gives us a greater capacity to act, make decisions, and allocate our time. The bottom line is that if the customer doesn't fit your value proposition it’s not worth your time.  
 
I know, easier said than done. How do you know if there's a fit? Ask specific, timely and thoughtful questions. The point of questioning is to twofold; the first is to build rapport and trust, and the second is to get good accurate information in order to determine fit.  
 
If your customers feel empathy from you and for you they will be more apt to share the real drivers (both the rational and emotional) of how they make decisions. Developing emotional intelligence, listening and asking good question is key.The take away is that healthy business relationships are predicated on the reciprocal exchange of value. Our job as sales people is to extrapolate what our customers value. Customers, wont share how they really “feel” unless they perceive we care and are going to use that information to take away their pain. I think this is what Frank is referring to in his post as the customer“feeling right” to proceed.  
 
I was an account executive for a national bank that wholesaled sub prime mortgage loans. This was during the housing boom and there was a lot of competition. On any given day there were at least 50 competitors that do what I did and usually at a point lower. I was able to differentiate myself by not selling rate. I asked a lot of questions; what pain do brokers feel most, which type brokers cared less about rate, and of these brokers what did they care most about? through these questions I developed a criteria of what the ideal broker looked like for me. When i met new brokers if they did fit the criteria i moved on. The result for me was that I was able to bring in and close more business than my competitors and anyone else at the bank. Most telling was my conversion ratio of loans submitted, to loans closed that was 3 times the national average. (my closing ratio was 92% and the national average was 33%)  
 
This happened not because i’m a superstar (although it would make a better story) but because i was able to allocate my time to closable business. Understanding how your customers “feels” is the cornerstone to relationship based, value driven selling. The outgrowth 
 

posted @ Tuesday, October 11, 2011 6:34 AM by jason


This is a test to see if Hubspot fixed "the bug" that is keeping me from getting notified by email when I get a comment on my blog.

posted @ Thursday, October 13, 2011 5:23 AM by Rick Roberge


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