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Tips & Tactics Top 10 Sales Tips from Mike Bosworth Here are the top 10 sales tips that SofwareCEO picked up from an online seminar conducted by Mike Bosworth, co-founder and author of CustomerCentric Selling®. These tips were published in the magazine in July 2005. These tips are intended for sales of large systems that involve a committee on the buyer's side. But they apply to almost any selling situation that involves a sit-down meeting between a sales person and a decision-maker. Sales tip #1: Stop giving presentations. "The PowerPoint thing is a little out of hand," says Bosworth. "I think the laptop should be left in the trunk for the first call on any senior executive." Few presentations are effective because they rely on the "spray and pray" approach: Tell them about 50 features and hope five might "stick." If they're still awake when you finish, that is. Sales tip #2: Start having conversations. And the best conversations are not about last night's game or how good/bad/indifferent the weather has been. They're about the nagging business issues that directly affect your prospect. Using sales-ready messaging, this conversation can start like this, "I don't know about you, but many CFOs I've spoken with have told me they're concerned about..." This kind of opening instantly establishes a salesperson's credibility, and signals his willingness to have a meaningful conversation. Sales tip #3: Stop giving opinions. "There's a huge credibility gap when a salesperson just spews product knowledge," says Bosworth. No wonder everyone feels uneasy when they're being "sold": It's a monolog where they can't get a word in edge-wise. People love to buy, says Bosworth, but hate feeling sold. "Most people resent having a seller try to control the conversation. We don't even like our loved ones telling us what we should do, much less a salesperson that we've never met before." Sales tip #4: Start asking questions. "The best salespeople have learned to leverage their expertise by asking questions, not providing unsolicited opinions," says Bosworth. "Developing these questions for various job titles gives a salesperson both 'artificial intelligence' to help get on the same wavelength as the executive he's speaking with, and 'artificial patience' so he doesn't rush into prescribing before he has diagnosed." Since marketing has prepared a matrix of EQPA questions with one for each appropriate title, your sales force can now help buyers see how to use your offering to achieve a goal, solve a problem, or satisfy a need. Sales tip #5: Focus on solutions, not relationships. The best way to start a good relationship is to solve a business problem for your buyer. They will think fondly of you after that. This can mean saying something like, "Here are the four problem areas that our offering has helped customers with. If you have any of those problems, let's talk. And if not, I'm perfectly willing to leave." Imagine a world where every salesperson operated that way! Our impressions of the profession would be vastly different. Sales tip #6: Don't lead with products. "Most software salespeople bring out their product far too early in the sales cycle," says Bosworth. "We believe the product should stay in the trunk until you've diagnosed the current situation, presented some usage scenarios, and the buyer has actually responded to some of those scenarios." At your next meeting, you can bring out the product, but only demo the features that actually engage the buyer. If you do this too soon, you risk appearing pushy and impatient, just like those lying, cheating salespeople we all know. Sales tip #7: Lead with business usage. A new salesperson will stumble through many calls caught in another huge disconnect: the gap between what they heard on their training and what they hear from their prospects. Since no one in marketing has connected the dots for them, they have to do it themselves, and not everyone can. The truly intuitive salespeople-the natural 10 percent-do manage to figure out how to relate their offering to the business problems of their clients. In most companies, they do this by supplementing their normal sales training with picking the brains many other people in the company. After asking questions to draw out the prospect's business issues, these salespeople use their added knowledge to paint a vivid picture of what their prospect could DO with the software. They help their buyers see how it could help them achieve a goal, solve a problem, or satisfy a need they have articulated for themselves. This kind of salesperson isn't manipulating anyone. They're helping their clients in a consultative way, and building an unshakable vision of the value of their offering. Sales tip #8: Use verbs, not nouns. When a salesperson boasts, "Our robust and integrated SFA application will dramatically improve your forecasting accuracy!" they are begging their listeners to ask a simple question in response: How? If your product is a disembodied "It" that can do so many wonderful things, the next logical step is to start talking features. This is the product-centric approach. But your prospect isn't thinking like that. He's thinking: "What can I do with it?" He wants to hear a story about someone who used your product to achieve a goal he can relate to. Use verbs, and inject human content into your conversation with stories. Sales tip #9: Seek out business people, not users. Bosworth reminds us that for every prospect, at least three or four sales people have that company in their sales forecast. A sure way to win what he calls "a silver medal" is to respond to an RFP and help a low-level buyer round out their obligatory three quotes-after they're already made up their mind not to buy from you. Sales tip #10: Send a follow up letter after each sales
call. "This is a critical part of the sales cycle. When the buyer sees their vision clearly outlined on a piece of paper, they will generally forward it to every other significant person on the buying committee," says Bosworth. Bosworth points out that your salesperson isn't there to influence
the discussion when the buying committee meets. But helping his contacts
serve as your champion by actually putting words in their mouths-or
at least down on paper-puts your firm way ahead of any competitor
who didn't do likewise.
Published
by Bizlogx, LLC. Copyright © 2005, Computing Technology Industry Association, Inc. Reprinted with permission.
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