Reverse Engineering Your Success
Guest Contributor: David ColombI am in the midst of starting a new sales job, and as I am setting my goals and getting myself motivated for success, I have sat down to come up with numbers and goals. To plan for my numbers I decided to work backwards to come up with my daily objective.
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I am a money motivated person, so I came up with what I wanted to earn at the end of my first year, once I had that number, I made the calculation that at a 10% rate of commission, I'd need to come up with X number of dollars in sales. I then contacted successful sales people in the organization and asked them what the average sales amount was for them in the last year. I also asked what they were finding as a closing ratio. Once I had those numbers, I sat down and did the math, how many contacts did I need to make a day to get the number of opportunities to present that I needed, and then close the sales to realize my numbers. Of course, as I go through the year, I'll need to keep track of my numbers to see if I need to make midcourse corrections to reach my goals.
The next step was to sit down with my Sales/Operations Manager to integrate his objectives in to my game plan. We are selling a service, pest control, so I needed to sit down and get his input on what segments of the market he wanted us to market. I have found that in selling services it's important to get buy in from the Operations people, if they don't like the business you sell, they can sabotage your sale. Find the sweet spot and you'll be more successful than just selling in the blind.
Now that I've put together all of these factors I'm able to get up each morning and have a game plan in place as to where I'm going and what I'm going to do to get to my goals. Let's hope it all works out.
I was reading a book on Cold Calling, the nemesis of all salesmen. I've come to believe that we salespeople have made cold calling in to a boogie man that we always see as the ultimate challenge. The person that wrote this book gave a very basic premise, the premise being that no matter what, you'll sell a third of the people that you contact, no matter what you do, another third won't buy from you, no matter what you do, and the middle third can be manipulated by your salesmanship and abilities. While some days, those numbers seem very far-fetched, I'm willing to accept them as being very close to correct in a macro sense. So what that means to me is that I've got to get out there and pound the street and make the contacts. I'm working in a Branch Office that hasn't had a successful salesperson in quite some time, so I don't have a pipeline in place. In this type of situation it's critical that I build that base as soon as possible, so wish me luck.
Labels: David Colomb
3 Strategies to Effectively Sell to Small Businesses
Guest Contributor: Albert Luk
Albert's Posts - Albert's SiteLet's assume the following about the small business market:
1. Owner managers have no time for anything much less another sales pitch;
2. Owner managers seek value. If you, or what you sell, cannot provide value, it is seen as just another commodity; and
3. Owner managers are very lonely. Leadership is, by and large, a lonely endeavor.
How do you reach out to a target market with no time, seeks value and doesn't need yet another mouth to feed?
1. Provide information, not a sales pitch. Look at your sales literature and your pitch. Are you actually providing information beyond your good or service? Have you informed the owner-manager about their industry, some specialized knowledge they might not know (for example, here's a tax deduction all your competitors miss) or what problem you are actually here to solve? If you provide information, it is less likely they will see you as just another sales pitch. Try group seminars rather than one on one pitch and, more importantly, ask them to bring their gate keepers too.
2. Find ways to increase their sales. As opposed to inviting them to a round of golf (which, in the eyes of many owner-managers, is a waste of a day), find out who their sales targets are and invite the owner manager to lunch with these targets. If it results in a sale for the owner-manager, they will see you as a value added and not a cost centre. Plus, they can't exactly buy what you are selling without increased revenue right?
3. Be the bartender. The most over-looked pain of an owner-manager is loneliness. Other than their immediate family, they sit at the top and have few people to vent or complain to. Be the bartender and listen to their woes and actually try to help them. If you don't know how, introduce them to a follow owner-manager who may (entrepreneurs love to exchange ideas).
The key to all of the above strategies and tactics requires a true understanding of an owner manager's life. If you are just entering the market and do not know this well, sit down with your prospect and find out before you actually sell. It will make you a better small business sales and marketer over the long run. Good luck.
Labels: Albert Luk
Success is All About Your Perspective!
Guest Contributor: Shannon McCaffery
Shannon's Posts - Shannon's Site
"When you hear no, then simply take another approach," said Bob Parsons, CEO of GoDaddy.com. I had the pleasure of hearing Bob Speak at Yanik Silver's Underground 5 Conference in D.C. this month. He was an inspiring speaker and had to overcome a lot of odds before he created an amazingly successful company. He attributes the success of his company to luck and perspective. He said he always had a good perspective. When he spent a tour of duty in Vietnam he simply took it one day at a time. He emerged from the war with some wounds. And even was honored with medals for his time in the marine core.
He really hit home how important it is for an entrepreneur and a business owner to get their head in the right place in order to be successful. He lives by and always follows his 16 rules that helped him create the success he has today. Here are a few of them:
- Get and Stay out of your comfort zone - "security is for cadavers"
- Never give up
- When you're ready to quit, you are closer to success than you think
- Whatever worries you, always accept what's the worse thing that can happen to you
- Always Focus on what you want to have happen - "as you think, so shall you be."
The rest of Bob's rules can be found at bobparsons.me - "Bob's 16 Rules." Listening to him speak was inspiring to me in particular, because I have a tendency to stay in my comfort zone. When I do that, I don't grow as fast and don't take enough risks. Being able to take risks and do things differently is a huge key to success and something I'm working on for myself. The other thing that struck me, was to always ask the question- "What's the worst possible thing that could happen?" Once you answer that, whatever you're going through really doesn't seem that bad at all. His best story though, was how he almost closed GoDaddy. The company was simply losing money. Yet, when he decided he was going to stick to his guns until "the ship" went down, that's when the company turned the corner and now they're a huge contender online today. They register a new URL every second and have registered over 3.5 million.
So, get your head in the game of your business - focus on what you want, not on all the problems. Do something to change your perspective and it will change your business. Do one thing today to get out of your comfort zone and I will too. Let me know what you did and how I can support you!
Labels: Shannon McCaffery