Archive for the 'Sales Strategy' Category



31
Aug
11

Back to School

Back to School!

It’s time to get back to school…that means our kids are back on a busy, productive schedule, with goals and timelines.  But before that can happen, my wife and I sit down to evaluate where we are and figure out where we are going.  Soon activities, holidays, and school work will crowd our days, and if we’re not careful, we’ll find ourselves busy, but not necessarily headed toward anything important.  The end of summer signals a time for strategic planning for all of use!  Don’t miss this moment!

Review the Plan

If you’re on the calendar year, you have one quarter left to make the year worthwhile.  Hopefully you have a plan your working through to build your business – prospects you’re working on, a pipeline your closing, quotas you plan to meet, and career goals to take your business to the next level.  If you don’t, you might want to get something in place for Q4.

Plan to Fill Your Pipeline Now

Once the holidays hit, people are hard to reach.  Sure, there may be budgets at year end that must be spent, but setting up a strong pipeline early in the quarter makes year-end a whole lot easier.  Get a call plan in place and start setting up meetings through September.  Make a strong push to get as many meetings lined up as possible right now, so that you are working toward closing in October, or early November.  Most projects can’t be invoiced until they are completed, so give yourself time to close and implement before year end.

Event Planning

Demand generation events are one of the best ways to build your business if you are looking for new clients.  There is still time if you start now.  It takes about 60 days to plan a worthy event, so that puts you into mid-October.  Plenty of time to do the event and execute the follow-up plan.  Follow-up could take anywhere from two to four weeks, so start thinking now.  Otherwise you’ll be into January before you know it.  You don’t want that.

Review Time Usage

The biggest issue in sales is managing time wisely.  Where do you spend it, who do you focus on, and where is time being wasted? Sales is a busy business.  Review your last three quarters – where are you wasting time?  It’s like your family budget – if you don’t review it monthly, you may find yourself floating along, working hard, but not actually accomplishing your primary goals.  Soon, you’ll look back and see that your time is spent, people are on holiday, and you’re hoping to make a come back next year.  Too late…do it now.

© 2011, David Stelzl

 

24
Aug
11

No More Cold Calling!

People don’t call you back?  That’s because there are too many telemarketers with bad scripts beating you to the punch.  Instead, try creating great content…when people receive great content, or see it on a blog, they subscribe.  Rather than pounding phones, I’d rather be sifting through new subscribers.  Start writing, speaking, tweeting, etc.  But before you do, consider what content will really appeal to your audience.  People want ideas – they want solutions to today’s problems.  Rather than ranting about technology issues – think about the struggles your clients face every day.  People would rather follow innovators than frustrated sales people.

© 2011, David Stelzl

23
Aug
11

Some of My Favorite Salesforce.com Comments

Taking copious notes has always been a discipline I’ve embraced.  Whether in school, a seminar, or even Church, I like taking notes – not everything that’s been said, but the ideas that come as a result of the speakers insights.  My CRM database, Salesforce.com is no exception!  I use the history section to keep notes on meetings, but the description field is where I keep the important insights!  Here are some favorites I come across as I call on people:

DON’T CALL

Requested free copy of The House & the Cloud

THIS PERSON IS NOT A DECISION MAKER

NOTHING EVER CLOSES WITH THIS ACCOUNT

Referred by ***** on ******

Gave exceptional feedback on my keynote at *******

Kids names are….

Spouses name….

Birthday….

Take notes, put them somewhere you’ll see them, and make them meaningful.  Remembering key details, whether they say “This person never buys anything,” or “Birthday on ….” provide important direction on how to engage when opportunities come up.  (Might be a perfect fit for carrying an iPad into your next sales meeting!)

© 2011, David Stelzl

19
Aug
11

Closing the Million Dollar Deal

How did one of my clients close a million dollar deal?

1. It started with  an event – a prospect, someone she had not done business with in the past, came to an event geared toward educating our audience on the trends and risks associated with today’s cyber criminals.

2. An assessment was done – it was complementary, but led to a greater discovery process that was fee based.  Not a million dollar assessment by any means, but capable of introducing my client to just about anyone in the company.  This took a change in the solution provider’s approach – normally they would send the engineers in to gather some data, put together some plans, and pitch it to IT.  All of this had to be changed – the sales person had to get involve with senior management; she had to put her consultant’s hat on.

3. Gathering business related information, brainstorming over the right questions along the way, and building a strategy to create justification along the way – this required figuring out exactly who would be involved in the approval process, and what politics might get in the way.  Most of this was outside my client’s  normal process – but she was willing to take the steps – take on the risk of failing in order to reach her objective.

4. Delivering the results – normally this would be emailed over to the client.  We had to change this.  Instead, she insisted on meeting with both managers and technicians.  The presentation would have been given by her engineer, but not this time.  Instead it had to be done by her.  Something she wasn’t sure she could do.  But she did.

5. In the end, they said they would take a look at it.  No immediate close, but momentum in the right direction…two weeks later, a decision was made in favor of moving forward.  What made this successful?

  • There is no guarantee – these are people, subject to every kind of inconsistency.  My client’s job was executing the plan and hoping her clients would see her value. They did.
  • The discovery process had to change – it had to be re-engineered for executives, using impact related questions.  The end result had to demonstrate impact vs. likelihood.
  • The report had to be written by non-technical people, in business language, and the presentation had to be delivered to business people by business people.

None of these things were in the sales person’s normal comfort zone – she had to step out, take a risk, and do something she had never really done.  It could have failed, but it didn’t.

© 2011, David Stelzl

28
Jul
11

Wrapping up In Buffalo; David Stelzl – Keynote Speaker at the Ingram Micro Technology Solutions Event

At the Buffalo US Airways Club

This morning I had the honor of presenting to a group of business owners and sales professionals at Ingram Micro’s Technology Solutions Conference in Buffalo.   I covered material from my, soon to be released book, From Vendor to Adviser…how do sales people move from point product selling to high-involvement selling; how do they reposition themselves as an adviser.  People have been talking and writing about this for decades, yet it still seems to be a hurdle companies have yet to overcome.  In a sidebar conversation I was asked, how long should it take a rep to ramp up?  This business owner was asking, “If I hire someone to sell, how long should I give them to start producing?”  This is a great question, and one more people need to be asking.  Whether you yourself are that new rep, or you oversea a team or company, hiring and getting started with a new company in sales is no easy task.  Some thoughts are worth considering:

1. Watch out for Retreads.  I use this term when referring to sales people who were, at one time, big hitters.  They may have managed large accounts, worked for global companies, and earned significant commissions and awards; but for some reason they failed to keep pace with the industry.  For the past decade (perhaps) they have been hopping from one company to the next, or maybe the company they work for continues to employ them, but they can’t seem to close.  Don’t become one, and don’t hire one.  The technology industry moves fast, and old experience is just that; old.  I doesn’t matter how old you are, it matters that you are a learner – innovative, creative, hard working, and a student of this industry.

2. Forget the Rolodex.    If you’ve worked in sales long enough you may have actually used a Rolodex.  Does anyone know what this is anymore?  The point here is, don’t expect to find a rep that has numerous contacts who are ready to buy as soon as you hire.  It happens occasionally, but don’t count on it.  Instead, your company must be prepared to help with lead generation at some level.

3. Lead generation requires marketing.  If you run or work for a smaller reseller, like many in today’s session, you can’t expect to hire someone who will go out and generate new leads, with enough GP to make it big in the first few months.  I recommend companies hire with a marketing program in force.  Paying base salaries, benefits, and guarantees to someone who is going to start from scratch using the Yellow Pages, is a slow way to start in this business.  Plan events, webinars, and other marketing campaigns, and hire people while in process.  Having a list of qualified leads is the best way to help someone ramp up their territory.

4. The Mentoring Process is important.  Michael Gerber in his book, EMyth Revisited, does a great job of explaining what happens when managers hire in new people without any formal ramp up process.  While it may seem expensive to ride around with your new rep, send them to some training, or hire a sales coach to work with them (one who understands your business already), the cost of not doing this is higher.  Hiring people who take a year to ramp up is far more expensive, and if they don’t make it, you’ve spent a lot of time and money on nothing.

5. Careful who you hire.  Learning to interview is one of those things few have gone to school on.  It seems like hiring is supposed to just come naturally to those who manage, but this is far from the truth.  Years ago, when I was running a large consulting and sales team, I spent a significant amount of time training people to hire great people.  This was one of the best investments I have every made.

© 2011, David Stelzl

 

08
Jul
11

David Stelzl Talks about Closing the Sale – and Why Some Deals Don’t Close

(You might have to turn up your volume on this – the audio is weak)…Why do some deals look good, then stall out?  In this short clip I explain what it is that makes deal justification strong, and where things fall apart.  I invite you to share your comments and experiences.

© 2011, David Stelzl

13
Jun
11

Closing the Sale Requires a Demonstration of Strong Value and Justification at the Buyer Level

What Every Executive Needs

Every sales person must have in the forefront of their mind the impact / likelihood graph.  This is the final outcome of every discovery process.  What is the impact, and what is the likelihood of achieving gains or guarding against high-impact loss?  If you can show this in a compelling way, the chances of success go way up.

What Every Solution Provider Needs

Whether you consult, sell for a manufacturer, or resell products along with value-add services, every provider needs a strong value proposition that will precede the commodity product sale.  Once the product is in view, the value is gone.  Everything you know about the product is on Google, so demonstrate your value long before you get there.  This is done through the discovery process where value is shown in an advisory fashion.  The one who successfully demonstrates impact and likelihood wins.  Every executive needs an adviser.  In fact, they need many advisers.  You must be one of them to stay in the game.

© 2011, David Stelzl

08
Jun
11

Webex Playback – Leveraging the Discovery Process!

Here it is… (CLICK)…The play back from my Wednesday, June 8, 2011 Webinar on leveraging the discovery process!  I understand from Cisco that last month’s playback, which is also available through this link, was the most listened to webinar in Cisco history – so check it out!  (In case you missed this – I usually put a red phone with webinar and teleseminar links).

© 2011, David Stelzl

06
Jun
11

Leveraging the Discovery Process to Reach Decision Makers

Join me on June 8th at noon EST – Leveraging the Discovery Process to gain access to decision makers (CLICK to SIGN UP).  I will be building on material presented over the past several months, but you can always go back and review sessions you might have missed.  In this one hour session I will be covering important concepts such as:

1. Types of questions to ask asset owners and executive managers

2. How to avoid getting demoted to IT in the discovery process

3. When and how to engage the IT group in this process

4. What to do with data collected in both

5. How to deliver your findings

6. How to present your findings and recommendations

7. How to turn this process into fee based business and product sales

Don’t miss this!  It’s funded by Cisco and costs you nothing but time…sign up here (CLICK)

© 2011, David Stelzl

27
May
11

Shoot Straight…Why the Elusive Proposal?

Photo taken by David Stelzl

For some reason, discussing money is the major hurdle.  Yesterday I had several sales calls with potential buyers.  One example stands out… We had discussed the need, talked about options, come to a conclusion on next steps, and even picked dates to begin.  My prospect then said, “Send me a proposal with some options and pricing.”

I was tempted to agree, but then that little voice reminded me of Mahan Kalsa’s book, Let’s Get Real or Let’s Not Play (which I highly recommend). Why would we wait for the proposal to agree on options and pricing.  Paper doesn’t sell, I do.  We have verbal agreement on the vision, but no specifics.  Why waste time and possibly ruin the opportunity by putting the wrong thing down on paper?

Instead I simply said, “Let’s review some options right now and make sure we are in agreement on how to proceed.”  I verbally gave him my interpretation of what we were planning to do, offered a couple of options, restated the value, and then offered a fixed fee.  I then said, “How does that sound to you?”  He said, “That sounds great.”  Now I can write the proposal, which is now really an agreement, with confidence.  I converted it to a PDF, attached it to an email, and wrote, “Here is exactly what we agreed to.”  The likelihood of closing this kind of agreement is much higher than the elusive agreements made in most sales meetings.  Meetings end without any real commitment, and the request for proposal is often just a polite way of ending the meeting.  There is no agreement, and there are no specifics from which to craft the proposal.  In the end, this type of proposal goes nowhere, leaving the sales person to forecast at 50%.  In other words, I have no idea…

© 2011, David Stelzl




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