Business Innovation – Article Series - No 5

 

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THE ENTREPRENEUR SERIES

 

 

 

7 PITFALLS TO LOOK OUT FOR WHEN SELLING

 

If you had the chance to listen in to the salespeople who made the least sales, and learn from them what NOT to do, would you take it?

 

Well, on some of our sales courses, we’ve been gathering information that sums up what the worst salespeople out there actually do, and it makes sad, depressing, hands-in-the-air, can’t-believe-it reading.

 

Here’s seven of the biggest mistakes salespeople make in trying to win business. How many are we guilty of? Oh, come on…be honest!

 

1. Blurry Preparation. It’s amazing how many salespeople simply chance it and don’t have the ability to state exactly what they are aiming for in the call. Imagine that the client says to you “In one minute, tell me what benefits you can uniquely bring to my business and how much better it will be if we partner up.” Could you do it? Yes, of course you could. Because you’re well-prepared and your thinking is clear. You resist the temptation to simply fly by the seat of your pants, because you know what would happen if you did. You remember the saying…”An amateur practices until he gets it right. A professional practices until he can’t get it wrong.” pitfall

 

2. Following on from that, the second pitfall is having a poor structure to the call. If you want the client to remember you, have some pearls of wisdom to discuss with your client at strategic points in the conversation. Get some ideas to illustrate your points. Paint those pictures with words so the client knows exactly what you want them to remember afterwards. If you have a poor structure, they will get lost easily and have no inclination to take their interest further.

 

3. Having nothing memorable to say. Have you ever watched a film and the next day couldn’t even remember the title? I have. Many times. I always say I won’t make the same mistake again, and I’ll read reviews before going. But I’m always driven by the promo, grabbed by the highlights. Then I realise that the promo had all the best bits and I have to sit through two or so hours of nonsense. Many salespeople make the mistake of just delivering gobbledygook, with no highlights, nothing that stands out and makes the customer think “Wow, this is great, I have to know more about this!” Have something memorable in your delivery that stands out. Otherwise the client will have to work it out for themselves. And that might not be possible. When asked “Who was that salesperson you saw yesterday, Paul?”, you don’t want them to say, “You know what, I don’t remember!”

 

4. In Advanced Communication courses, we refer to how people make decisions based on emotional connection then justify them by logic. But poor salespeople make the mistake of little or no emotional connection. Remember the radio station that every buyer tunes into…STT fm. Yes, the buyer’s antennae tunes in when they hear something that generates interest at an exciting level, and you answer the question “What’s In It For Me?” So, tune into your buyers’ imaginations and make the demonstration come alive. It will give you the unfair advantage of building the emotional connection, which they can then justify afterwards with logic.

 

5. Talking at the wrong level. What I’m referring to here is the level that your prospect is thinking at. Have you looked down from a plane and seen how small whole cities look from up there? You have a fantastic, big picture view, but you can’t make out any houses or cars. Conversely, the people on the ground can see car number plates and shop signs. Speak at the level that your customer is thinking. With big decision-makers, they may not want to know the detail of how your thingamajig works, but they may need to know how selling 10,000 of them to their customers would raise their operating profit by 6.5%.

 

6. Having a poor opening and close. In psychology, there are two laws called the Law of Primacy and the Law of Recency. Both have an impact, particularly in demonstrations. The Primacy Law talks about how people remember the first and important aspects of a meaning they give to something. If your opening is shallow or weak, it will be lost. Say something you have found out about the success of their company. Congratulate them on a new contract or on their expansion. Make the opening come alive so they remember it. The same goes for the summary or close. This is the last, or most recent, thing the client hears and so should stand out, as the Law of Recency dictates it will be remembered. Practice you asking for commitment, out loud, in front of a mirror, so it becomes natural and you don’t fluff it.

 

7. Not learning from mistakes. This last one is a real humangus! If things go wrong for poor salespeople, they won’t always have the business acumen to understand exactly what it was that made it go pear-shaped. By not learning from what goes wrong, you run the risk of repeating the mistakes and undermining the relationship with the next customer, too. Identify what went wrong and convince yourself that you will notice when it happens again. The saying “Repeating the same mistakes and expecting a different result is a sign of insanity” is apt here.

 

These seven major pitfalls can be avoided if you pay attention, prepare well and give yourself the opportunity to learn from every experience.

 

Happy Selling

 

 

BUSINESS INNOVATION - Business and Management terms

 

 

 

Business and Management terms

 

1.4142 - The diagonal (approximate, to four decimal places) of a 1 x 1 square, also known as Pythagoras's Constant, and therefore also the ratio (1:1.4142) for calculating the diagonal side of a right-angled triangle in which the two short sides are of equal length.

 

1.6180 - The Golden Number (to four decimal places). Also known as the Golden Section, Divine Proportion, and phi (pronounced 'fy' as in the word 'fly') the twenty-first letter of the Greek alphabet. Also loosely referred to as Golden Ratio (1:1.618). Phi is used intentionally or instinctively in many different areas of design, for example architecture, music, and art. Phi is also an easy 'secret' to achieving aesthetically pleasing positioning and proportions. The Golden Ratio is found in diverse designs such as Stradivarius violins, the Pyramids, Notre Dame Cathedral, and in nature, for example the human face.

 

3.14159 - Pi, normally represented by the Greek letter pi (P) symbol π. Pi is typically used for calculating the area (π x radius squared) or circumference (π x diameter) of a circle. Pi has an infinite number of decimal places, and fascinates mathematicians in calculating pi itself, and memory experts too in memorizing as much of it as possible.

 

4/4 - Four beats to the bar, the most common rhythm in music.

 

10:10 - A UK environmental campaign that asks businesses, organisations and individuals to cut their carbon emissions by 10% in the year 2010.

 

13 - The most superstitious number, 13 affects business in surprising ways through absenteeism, cancellations, and design. Western airlines, for example, tend not to have seats and rows numbered 13. Friday 13th is a particularly superstitious date. Friday and the number 13 derive their superstitious reputations mostly from Christian beliefs and Norse folklore.

 

21-Gun Salute - Traditional honour given to royalty and heads of state, derived from the old signal of peaceful intent, when multiple firing practically removed capability for immediate threat due to re-loading time.

 

24-Carat/Karat - The purest form of gold (too soft for jewellery, hence gold jewellery is made of 22-carat, 18-carat, or 9-carat gold, etc., in which other metals such as copper are mixed. Carat is a measure of purity in which 24 parts equate (virtually) to 100% gold. 18-carat is therefore 75% gold. Less than 10-carat gold is generally not sold as gold. The carat measure of diamonds is different, for which carat is a measure of weight (1 carat = 200mg).

 

24-hour Society - Refers to a way of life available to many in the modern world in which people can work socialize, shop, bank, etc., 24 hours a day. The phenomenon has caused significant new thinking in business, management, marketing, etc., and continues to do so.

 

24/7 - Twenty four hours a day, seven days a week.

 

 

 

 

 

HIGH PERFORMERS - CELEBRATING AND RECOGNISING STAFF, PARTNERS AND CLIENTS

 

This edition coveys our congratulations to Mr Bala Gangiah on his debut publication of an original poem written from the heart. Welcome to the world of poetry Bala.

 

Well done Bala

 

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DisclaimerThe Author and Soft Touch Trading (Pty) Ltd accepts no liability for the content of this email, or for the consequences of any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. Please consult professional resources should you wish make changes to your business.

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