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Networking

February 14, 2008 in Sales Relationships, Value Creation

Although technology has become increasingly important in recent years, the importance of relationships in business has not changed. Upon reflection, it appears that we have taken the following path.

Technological Era ——> Industrial Era

In fact, it has been predicted that over the next ten to fifteen years, we will see a new era emerge; that being the era of the relationship in doing business. It is estimated that the relationships we have in business with our customers and within organisations will be the key differentiator for businesses worldwide.

Technological Era ——> Industrial Era ——> Relationship Era

What this demonstrates is that the role of networking is going to be increasingly important in order for businesses to achieve their goals. In addition, given that networking and relationship will be a key differentiator in times to come, individuals will need to take a much more structured and professional approach to network as opposed to leaving it to chance.

What is Networking?
Networking is the process of establishing and developing business relationships with other business people or customers that are mutually beneficial to both parties.

Networking is different from selling. Think of what it feels like for you when a stranger comes up and sells at you and pushes their business card in your face. More often that not, you will feel repelled. This does nothing to foster or build a relationship.

Remember, in networking, if one party is chasing, the other is retreating.
The key to true networking is the word mutually. Although the intention is to increase revenue, effective networking must centre around how you can help the person you are networking with rather than focusing on how they can be of assistance to you. As such, developing and fostering a relationship over time becomes extremely important in the networking process.
By far, the most important factors in networking are listening, having excellent communication skills and being focused on how you can assist the other party.

Feelings about networking
Many people feel uncomfortable when it comes to networking. However, a lot of the time, this discomfort is unnecessary when you consider the following:

  • Most people have an altruistic streak where their natural tendency is to want to assist others
  • Most people will be able to identify with your situation, particularly if the network alliance has the potentially to be mutually beneficial

Some people enjoy being seen as networkers and being considered an excellent referral source for others in business circles

I must confess I find networking at events a challenge. I don’t like small talk. My style can be too serious at times when I meet new people. I find it much easier to start a sales conversation than a networking conversation. It takes me a while to warm up.

Others, on the other hand, love talking to anyone and never seem to tire if it. They are warm, friendly and engaging. Don’t get me wrong I can do it but it takes more work from my side.

So how do I get around this and make the best use of my time networking? I interview people. I find that I feel comfortable asking people the following: Why do you like coming to networking events? What brought you to this event? What do you hope to gain from being at this event? And then I take it from there – wherever the conversation goes. I am careful not to interrogate them though. The benefit is that I learn lots about them and find it easier for me to be present at these events. For the other person they feel important as I paid attention to them.

When at a networking event, it is easier to gain the attention and time of individuals as there is an agreed reason for being there that centres around networking. However, when you are networking and promoting yourself directly to individuals (either within your organisation or as follow up from networking events), it is more important to manage the dynamics of the discussion as here, you are drawing on the relationship and what it has to offer you.

Online networks
With the advent of Facebook, Myspace, LinkedIn and the like, the networking opportunities abound. However there is inherent danger in falling into the trap of just collecting names for the sake of wanting to ‘appear’ to have a large network. Ask yourself the following questions:

How long since you actually spoke to any of those people on your online network? Are some people on your connection list people you have never spoken with? Have you understood why they want to be connected to you? Do you know why you want to be connected with them? If you don’t why then you may want not think about why their name is on your list in the first place.

Taking the farming approach to Networking
Many people are under the misconception that with regard to networking, you must focus on spreading the net far and wide. Whilst this is important, for your networking efforts to be truly effective, you must also approach some networking relationships as a farmer would approach yielding his crops.

Consider the way a farmer works. He takes the time to prepare his soil so that it is ready for his seeds to be planted and he does this long before he plants his seeds. Once the seeds are planted, he nurtures them with water, fertilising and tending to them regularly.

He does not pull the seeds out of the ground before they are ready but rather, waits until his plants are strong and the roots have grown deep before he expects to yield anything from his plants. The farmer understands that there is a process to follow and that gains will not come from expecting a quick return, but rather, by putting in what is required of the process and waiting for the appropriate time to yield results.

Approaching networking with a farming mentality will ensure that you will yield quality results from your networking process. While the tendency may be to approach as many contacts as possible as quickly as possible and expect fast results, in reality, taking a more diligent approach will mean that you form relationships that can prove beneficial and bear fruit for you for years to come.

A Car Sales Story with a difference

January 12, 2008 in Attitudes & Behaviours, Sales Relationships, Value Creation

Is there such as thing as a ‘good’ car sales story?

My husband and I recently bought two new cars over the Christmas break. We initially went in to buy one car. It wasn’t a Christmas splurge if that’s what you’re thinking – nor was anything it like the recent press on luxury cars and their owners. We wanted to go smaller and greener for all sorts of reasons I am sure you can image and one of our cars was at the end of its lease. Having done our research, the ‘make’ of our last four cars wasn’t doing enough, in our opinion, to be ‘greener’ so we decided to look elsewhere and try something different instead.

Big decision: New brand, new car, new experience.

Now I must say having bought a few cars in my time, as has my husband, and never being impressed with my car buying experiences, I did enter this car buying process with somewhat of a cynical and wary attitude at first. My husband is also and engineer, so big buying decisions do not move quickly – they must be properly analysed. I knew I was in it for the long haul.

However this time I was very pleasantly surprised – it was positive. It was very easy. It was no fuss. And it went pretty quickly. Why?

New make, new dealer, new experience. Was it the company? Was it the sales person? Was it their strategy? Was it conscious or not? I don’t know. Maybe it was one or all of those things. Whatever it was, it worked.

It was different because we were listened to, heard and understood. I was not patronised or treated like an idiot. The sales person and the business didn’t seem desperate, overbearing or too ‘features’ oriented. We weren’t rushed or pressured in any way.

And Joseph, our sales guy, just loved cars and loved selling cars. It was a joy to meet someone who clearly loved what he was doing. He shared with us that he used to be a chef and also worked in IT but his first love was cars. So he figured why not work with what he loves. So he now sells cars for a living. He had been there two years and we found out later that was one of their best sales people (no surprise to me). He was very open, friendly, real, passionate (about cars) and trustworthy. He knew that both of us where clearly involved as joint decision makers and so he set the scene accordingly. He didn’t pressure us. He gave us time to make a decision. He could see we liked to think things through and weigh everything up. He understood, consciously or not, how we liked to buy.

And he treated our children with respect, even though they were getting bored from time to time waiting for us to finish. He was funny, down to earth and real. We felt very comfortable working with him. He helped us in every way to make an informed decision. The atmosphere was relaxed. The other sales people seemed happy and engaged in their work too.

And after we bought the first car I was so grateful we didn’t have thrust upon us the ‘after sale girl’ as is so often the case with other car places. Men may find them enticing but as a woman I find the process a complete turnoff – especially if I have just made a buying decision with someone else. I am not blaming the women themselves, it’s the strategy that’s irks me. In my experience and opinion this model is not how to up- sell and cross-sell effectively (as you would have seen by my recent article on this topic in Dec 07). In most cases up selling and cross selling should be part of the actual sales process conducted by the sales person, not an after the sale is made. This was our experience with Joseph. I noticed that this car dealership didn’t have this type of ‘after sales’ approach.

After taking our new car home and reflecting on the car itself and our car buying experience, we did our numbers and worked out that we would be better off financially and environmentally if we traded in our other car as well. As it was not long off being turned over too we decided to buy a second car from Joseph and the company he represented.

Now that’s what I call good selling. So instead of catching people doing something wrong let’s catch them doing something RIGHT.

So with that I would like to thank Joseph Haddad and Brighton Mazda very much for their help. No, I am not on their pay role I just thought it was a good sales story, especially a good car sales story, worth telling.

And if you see Joseph tell him I say ‘hi’ and thanks again.

You’re on show

November 30, 2007 in Emotional Intelligence, Sales Relationships

Today people are looking for honesty and authenticity and do not have time to be misled. They want to work with people who are what they say they are. They are assessing your every word and action. They are looking beneath the surface and are wanting to see the real you.

Many people are now more wary about companies and sales people making big claims and promises with lots of ‘sizzle’. They are wary of the ‘charmers’ and the sales people after the ‘big kill’. What they are now looking for is the steak and all that comes with it: i.e. what kind of steak is it? How it was it grown, prepared and cooked? Where did it come from? Is it grown in an environmentally friendly, humane manner? etc. They no longer want to confuse packaging with substance. They look for evidence at every turn and how you align with the promises you make.

Sales is now getting personal. The spotlight is now squarely on the sales person and the business they represent. Their actions and words are scrutinised every day.

Going (not quite gone) are the days of the ‘charmers’ who try to seduce you into buying something – the term often used in this situation is ‘getting into bed’. In recent times I have seen some sales people, salesmen to be precise, usually with 20+ years sales careers whose whole sales strategy was to seduce people with their charm, designer suits, Tiffany cufflinks and personal flair. Their preference was always for face-to-face meetings – none of this telephone stuff (meaning it is much harder to dazzle you over the phone).

I have even seen them try their ‘charm’ offensive on colleagues and myself in training sessions. But we were having none of it. In fact it was very inappropriate and quite embarrassing, mostly for them. What we found was that they shied away from acknowledging the relevance of effective selling skills like questioning, active listening, problem solving, etc. and didn’t like being put under the spot light when it to came to participating in competency oriented role plays and validating themselves. Instead they complained and tried to distract us with their charm again. Some of these men had also found they were in and out of sales jobs more quickly in recent times, with one man having 4 sales jobs in different companies in the last four years. He was clearly frustrated and was struggling to come to terms that his ‘charm’ strategy wasn’t working anymore. He and others like him hadn’t adapted nor recognised that people want more than the packaging on show they are wanting substance.

Then there is the overly competitive, self centred, soloist sales people who want everything for themselves – everyone else, even their peers, are either there to serve them or are competition. And they want to win and win big. Being on top of everyone else is what they want – but I ask you at whose expense? They see sales as a sport, more precisely Big Game Fishing or Hunting. Customer are ‘Targets’. Getting a Sale is referred to as ‘the Kill’. Customers are regarded as objects to be possessed or trophies to be placed in their cabinet, to be shown off and admired (perversely so) like stuffed animal heads on the wall.

Quite frankly, as a customer I do not want to be possessed, or displayed like a trophy nor do I want to be seduced or charmed into ‘getting into bed’ with someone. I want to be in a productive effective relationship. Like I said before I do not have the time to be misled nor do I want to be misled, coerced, bullied or intimidated into buying.

Thank goodness these types are dying (al beit slowly) and making way for a more enlightened, consultative, big picture focused, business oriented, cooperative sales person who is well organised, disciplined, can prospect proactively, is fully aware of their product and business’ value to their customer market, their competitive edge and how to make business work for them and their customers.

They are fit, well-presented, up to date, self aware and relevant – and they are not just female. There are more men out there working this way too. I am also noticing a growing trend among younger men who recognise the need to be more integrated as sales people and people as a whole. In fact I have three men this week alone mention this without prompting. What they and others like them recognise is that if we only focus on competition for competition’s sake or try to seduce people with our charm we are apt to miss the main point; which is:

Without the cooperation and kindness of others we cannot exist.

That is why I am finding more and more people saying they want to work with others (suppliers, partners and customers) in a spirit of cooperation, consultation and respect not competition or deceit. This personal insight and awareness makes for much better sales people and much better sales results.

What do clients want?

October 11, 2007 in Attitudes & Behaviours, Sales Relationships, Value Creation

Clients don’t expect to be coerced, bullied, tricked or intimidated into buying. They don’t expect to be treated like an idiot by sales people who just talk at them and flash brochures or product sheets. Relationships do not work effectively if they are forced!

Clients are now after ‘Business people’who can sell.

Most clients know what they are after even if they don’t know how to articulate it sometimes.

The ‘market challenger’ or ‘early adopter’ clients are open to new ideas and innovations and whilst they don’t know what they don’t know they are often happy to see competent sales people to learn and keep up to date with the latest ideas and innovations. They want to stay ahead of the pack. A key part of our job, as sales people, is to help clients articulate what they need in language they can relate to and understand so they can get what they need.

Today, clients expect to deal with a real professional who knows their own business and how that business is able to serve the client’s business well.

As sales people, we need to listen beyond the obvious product need and get to know how our offering fits in with our clients’ overall business or personal plans. Here are some suggestions on how you can do this:

  • Determine the expressed client needs by asking questions, which get you understanding their situation for their point of view. An initial question I often use is ‘What are your key priorities and issues you need to address in the next … months in relation to your company’s sales performance (insert your own area of expertise)?’
  • Press for more information to identify the business issues underlying the client’s needs
  • Creatively draw on the full resources of your business to see what possible solutions you can offer

Clients expect to be ‘helped’ these days. They expect the sales person to have a reasonable degree of business acumen & commercial awareness. You need to be aware of the bigger picture and your place in it. As you well know the world does not only revolve around your product or service.

You can build your credibility and value as a trusted business partner if you:

  • Look to further the interests of your client’s business as well as your own
  • Keep current on developments that affect clients’ business strategies including emerging trends and clients’ competitors
  • Have a long-term perspective on the way you do business with clients
  • Expand the client’s understanding of what a business relationship can be
  • And do not forget your ‘Economic Argument’, your ROI (return on investment). Look for ways you can contribute to your clients’ profitability.

As a sales person make sure you always have a valid business reason (VBR) to position you in context of your client or prospect’s business. Think in terms of how the client will perceive you and your value to their business.

An excellent barometer for how your clients feel when you are interacting with them is to imagine you are one of your clients and you are being served by you. Really put yourself in your clients’ shoes and describe your sales and service approach in as much details as possible. What did they say about you and your value to them?

‘Success’ is but an artistic term

And after proper investigation, we as sales people should be able to define what ‘Success’ will looks like in partnership with the client and have a planned approach for change. Remember ‘Success’ is but an artistic term until you give it substance. You need to make sure you can link your client’s goals and desires to work with you to tangible actions and outcomes. We are living in an increasingly evidenced based society and you need to be able to link your business offerings to real outcomes.

No fluff and spin!

You need to be able to communicate achievable objectives for the relationship while challenging the creativity of both the client and your organisation.

In short, in at least Business to Business sales, clients are now after ‘Business people’ who can sell.

Being authentic in sales

September 10, 2007 in Attitudes & Behaviours, Sales Relationships

The 20th century approach of one-upmanship, although still encouraged by many traditional sales managers, seems to be slowly retreating into the shadows of the past as crude and old-fashioned. Polar opposite to the latter, but just as unproductive, are the approaches of:

  • A whining puppy (pleading for a sale trying to make customers feel sorry for you).
  • A chameleon (always bending and twisting yourself to fit any situation, often losing yourself in the process).
  • A parrot (not adapting your approach enough to suit the style if the client).

These approaches often annoy customers and elicit pity rather than trust.

Too many sales people (in particular those new to sales) feel they need to pretend to be someone else or be something they are not. We find many sales people still stick to a “one size fits all” repertoire and find it difficult to adapt their style to different client situations and styles, often finding themselves hiding behind the veneer of brand or concepts (think “walking talking brochure”).

Or worse, others twist themselves into all sorts of shapes just to please the client. The biggest trap I see many sales people falling into is the trap of trying to be liked – at any cost. They end up doing anything to be liked including giving away product or margins which costs them and the business money. Clients (consciously or not) can see through the pretense and never feel quite able to trust you because the “real” you did not show up or stand up for who you are and what you represent.

These aspects featured in my research project Sell Like a Woman. Here is what some of the women had to say:

  • “As a sales person you learn to reflect each of your clients, but at one stage in my sales career I felt as if I was loosing my identity, from constantly twisting myself out of shape to fit other people’s ideals. I then started to bring more of me into my interactions with clients, rather than changing myself to suit them. I have found that clients respond well to the more genuine me and I now feel more sure of who I am in the situation and therefore more capable of establishing boundaries and orchestrating the transaction.”
  • “I struggle to work with people who I clash with either ethically and from a values perspective. I realised this a long time ago and do not enter into these types of relationships personally or professionally.”
  • “{Effective sales people] posses a good deal of honesty and approach me like an intelligent person. Those sales people who ‘talk down’ or treat me like a ‘woman’ (e.g. buying a new car) rarely get a sale. Even if I know which car I want to buy, I may go back to the dealership but ask for a new salesperson.”

Our sales research is showing that you need a variety of repertoires you can use with different clients – that is, be more professional and business like with some; more friendly and relaxed with others or more quiet and reserved with yet other, however it is evident that clients still want to deal with the real you. Knowing how to modulate and adapt your approach is vital in any sales situation but knowing how to still remain as “you” is equally as important.

One way I have found very useful in ensuring I am operating authentically for my client and myself is using the skill of verifying. It is very useful when trying to understand another person’s situation or point of view. Verifying your customer’s needs requires the combination of three key communication skills; listening, paraphrasing and clarifying.

Verifying can be a useful technique to ensure the message has been received and understood by both the sender and receiver. Verifying involves paraphrasing or summing up in your own words what you think the person has communicated.

People with good verifying skills:

  • Paraphrase (sum up or rephrase) what is being said.
  • Use questions – to sum up or clarify.
  • Empathise with the other person.
  • Encourage the speaker to continue – nod, murmur brief words of encouragement.
  • Concentrate on what is being said.
  • Really take in what is being said, not making judgements as they speak; pay attention with their whole manner – body, eyes, facial expression.

We all need to have skills and boundaries to guide us in our endeavours and preserve our integrity and the integrity of others. Verifying is one very useful skill to have in your repertoire.

NOTE: Recognise that you will not get along with everyone you come across. There will be times when you (unintentionally) elicit unpleasant feelings in others. Not because of what you said or did, just because you may remind him or her of someone they knew whom they did not have a good experience with for instance.

Don’t take it personally. It can happen to us all, however, if you try to twist yourself into a shape that doesn’t suit you then just to please them or get them to like you then you both suffer. Remember to remain true to yourself and be respectful of yourself and others. There are plenty more fish in the sea.