Konrath, Jill - Selling To Big Companies (2012)
Konrath, Jill - Selling To Big Companies (2012)
Konrath, Jill - Selling To Big Companies (2012)
TITLE
COPYRIGHT
ABOUT THE AUTHOR
INTRODUCTION
PART ONE: ACCEPT THE CHALLENGE
1. WHY NOBODY CALLS YOU BACK
THE OVERWHELMING CORPORATE MYSTIQUE
SAIL INTO THE “PERFECT STORM”
STOP SOUNDING LIKE A SELF-SERVING SALESPERSON
CRACK THE CORPORATE CODE
KEY POINTS
2. DOING BUSINESS WITH BIG(GER) COMPANIES
THE ECSTASY OF CORPORATE CLIENTS
THE AGONY OF CORPORATE CLIENTS
BREAK BIG COMPANIES INTO BITE-SIZED CHUNKS
EMPLOY A FOOT-IN-THE-DOOR SALES STRATEGY
KEY POINTS
3. UNDERSTAND CORPORATE DECISION MAKERS
THE WORLD OF CORPORATE DECISION MAKERS
THEY HAVEN’T GOT TIME FOR THE PAIN
KNOW YOUR BIGGEST COMPETITORS
MISTAKES YOU DON’T WANT TO MAKE
KEY POINTS
4. IT’S ALL ABOUT MAKING A DIFFERENCE
THE NEW MODEL FOR SALES SUCCESS
YOU’RE A REAL DIFFERENTIATOR
WHAT DECISION MAKERS WANT FROM YOU
EMBRACE THE NEW SALES PARADIGM
KEY POINTS
PART TWO: BUILD THE FOUNDATION
5. TARGETING: IT’S NOT A NUMBERS GAME
SELECT YOUR FUTURE CUSTOMERS
DEFINE THE DEMOGRAPHICS
SCOPE OUT THE PSYCHOGRAPHICS
EVALUATE THE ENABLING CONDITIONS
NAME THAT NICHE
KEY POINTS
6. IS YOUR VALUE PROPOSITION STRONG ENOUGH?
WHY ELEVATOR SPEECHES AND UNIQUE SELLING
PROPOSITIONS ARE BOTH WORTHLESS
WEAK VALUE PROPOSITIONS ARE EPIDEMIC
DESCRIBE TANGIBLE, MEASURABLE BUSINESS OUTCOMES
THE IRRESISTIBLE ATTRACTION OF POWERFUL VALUE
PROPOSITIONS
HOW TO USE YOUR VALUE PROPOSITION
KEY POINTS
7. STRENGTHEN YOUR VALUE PROPOSITION
FIND THE POWER OF YOUR VALUE PROPOSITION
CAPITALIZE ON YOUR COLLECTIVE WISDOM
WHAT IF YOU DON’T HAVE METRICS?
TEST YOUR VALUE PROPOSITION
KEY POINTS
8. KNOWING ENOUGH TO GET IN
DIG UP THE DIRT
TAP INTO ONLINE RESOURCES
GET CREATIVE TO GET THE SCOOP
WATCH FOR TRIGGER EVENTS
KEY POINTS
9. LEVERAGE YOUR NETWORK
WHY MOST NETWORKING IS A WASTE OF TIME
BUILD YOUR NETWORKING FOUNDATION
MAXIMIZE YOUR BUSINESS CONNECTIONS
CREATE OPPORTUNITIES WITH STRATEGIC ALLIANCES
KEY POINTS
PART THREE: LAUNCH THE CAMPAIGN
10. IDENTIFY KEY DECISION MAKERS
DEFINE THE ELUSIVE DECISION MAKER
PIGGYBACK OFF THE NAMES YOU UNCOVER
KEY POINTS
11. STOP WAITING FOR DECISION MAKERS TO CALL YOU
BACK
WHY YOU NEED AN ACCOUNT ENTRY CAMPAIGN
BREAK THROUGH THE MARKETING CLUTTER
PACK YOUR CAMPAIGN TOOL KIT
IMPLEMENT YOUR ACCOUNT ENTRY CAMPAIGN
KEY POINTS
12. CREATE ENTICING VOICE MAIL MESSAGES
TOSS OUT THE TRITE AND TRADITIONAL
WHAT’S ENTICING TO CORPORATE DECISION MAKERS?
ANATOMY OF AN EFFECTIVE VOICE MAIL MESSAGE
PULL IT ALL TOGETHER
KEY POINTS
13. GET READY FOR PRIME TIME
FINE-TUNE YOUR VOICE MAIL MESSAGE
TAKE YOUR MESSAGE TO THE NEXT LEVEL
THROW AWAY THE SCRIPT
EVALUATE YOUR VOICE MAILS
KEY POINTS
14. PROVOCATIVE WRITTEN COMMUNICATIONS
TARGETED LETTERS FOR TARGETED PROSPECTS
WHAT’S WRONG WITH THIS LETTER?
WHAT MAKES THIS LETTER WORTH READING?
HOW TO WRITE CUSTOMER-ATTRACTING LETTERS
KEY POINTS
15. LEVERAGE E-MAIL STRATEGIES TO GET IN
AVOID WRITING MESSAGES THAT GET DELETED
HOW TO WRITE GREAT E-MAILS
CREATE MESSAGES THAT ELICIT RESPONSES
SELECT ENTICING SUBJECT LINES
KEY POINTS
PART FOUR: BREAK THROUGH THE BARRIERS
16. BECOME IRRESISTIBLE TO DECISION MAKERS
GET GROUNDED BEFORE YOU CALL
PRACTICAL TACTICAL IDEAS
CREATE CONVERSATIONS, DON’T MAKE PITCHES
THE BUSINESS-TO-BUSINESS CONVERSATION
EXTEND THE DISCUSSION
KEY POINTS
17. OVERCOME OBSTACLES, ELIMINATE OBJECTIONS
STOP CREATING CUSTOMER OBJECTIONS
DEAL WITH THE REALLY TOUGH OBJECTIONS AND
OBSTACLES
BRUSH OFF YOUR PROSPECT’S BRUSH-OFFS
KEY POINTS
18. TURN GATEKEEPERS INTO GATE OPENERS
HOW NOT TO TREAT A GATEKEEPER
ENLIST THE SUPPORT OF GATEKEEPERS
LEARN FROM GATEKEEPERS
KEY POINTS
19. KEEP THE CAMPAIGN ALIVE
STAY IN TOUCH WITHOUT SOUNDING DESPERATE
WHAT TO DO WHEN DECISION MAKERS CONTACT YOU
PREPARE LIKE A PRO FOR CALLBACKS
WHEN DO YOU QUIT TRYING TO GET IN?
KEY POINTS
PART FIVE: ADVANCE THE SALE
20. PLAN AN AWESOME FIRST MEETING
AVOID DIARRHEA OF THE MOUTH
HOW TO CONVERSE WITH PROSPECTIVE CUSTOMERS
ENGAGE IN QUESTIONABLE PRACTICES
GUIDELINES FOR GOOD QUESTIONING
KEY POINTS
21. DEVELOP AN UNSTOPPABLE MOMENTUM
KNOW WHERE YOU’RE GOING BEFORE YOU GET THERE
COMPLETE THE SALES CALL PLANNING GUIDE
MAKE SURE YOU’RE SET UP FOR SUCCESS
WHAT DO YOU DO IF . . . ?
KEY POINTS
22. THE MINDSET OF SUCCESS
EXPERIMENT WITH SALES
HOLD YOURSELF ACCOUNTABLE
REMEMBER WHAT’S IMPORTANT
KEY POINTS
APPENDIX: ACCOUNT ENTRY TOOL KIT
FREE SALES RESOURCES
ACKNOWLEDGMENTS
COPYRIGHT
Selling to Big Companies (Updated Digital Edition) © 2012 by Jill Konrath
www.jillkonrath.com
This publication is designed to provide accurate and authoritative
information in regard to the subject matter covered. It is sold with the
understanding that the publisher is not engaged in rendering legal,
accounting, or other professional service. If legal advice or other expert
assistance is required, the services of a competent professional should be
sought.
All rights reserved. No part of this book may be reproduced in any form or
by any electronic or mechanical means, including information storage and
retrieval systems, without written permission from the author, except in the
case of a reviewer, who may quote brief passages embodied in critical
articles or in a review.
ABOUT THE AUTHOR
Sales Tools & Resources. Check out the free articles, ebooks, tool kits,
audios, webinars and more at www.jillkonrath.com
Speaking & Workshops. Interested in bringing Jill into your sales
organization? Learn more here: www.jillkonrath.com/sales-speaker
Contact Info: Call Jill at (651) 429-1922 or email her directly at
jill@jillkonrath.com
INTRODUCTION
Several years ago my sales training business came to a screeching halt.
Within a several month period, I lost 95 percent of my work when my two
biggest clients put a moratorium on all outside consulting. Because I was
working with multiple divisions of these corporate giants, I thought I was
safe. Unfortunately, when Wall Street started putting pressure on them to
deliver better results, they made across-the-board cuts.
Contracts stopped midstream. Instead of having the next five months
fully booked, I had nothing on my plate—and I mean nothing. Yet I found it
impossible to pick up the phone and make sales calls.
Why? For the previous ten years, my business had grown with virtually
no effort on my part. By doing a good job, one project quickly led to a
second and a third. My name was passed on (with glowing praise) to
different divisions and business units. When I met with prospective buyers,
they were ready to start working. Over time, as I became an invaluable
resource for my clients, they asked me to help in areas outside my expertise.
Initially I declined, but before long I was leading strategy sessions, doing
future scenario planning, and working in market development. All this was
a big stretch from helping companies shorten time-to-revenue on new
product launches. I loved it! It challenged me beyond my wildest dreams.
But it also wreaked havoc on my value proposition. If someone asked
me what I did, I could go on for days about everything I was capable of
doing for marketing and sales. As a sales trainer, I knew I needed a strong
value proposition to capture the attention of corporate decision makers.
Mine was so all over the map that I couldn’t make calls. After over a decade
of running a successful training firm, I was back at ground zero again trying
to determine the direction of my company.
During that same time period, I did a pro bono project for a small
magazine that catered to small and emerging businesses. Captivated by their
impact on the economy, I spent hours online learning as much as I could
about the entrepreneurial market sector. I was stunned to discover that 75
percent of small businesses shut their doors because the owner was working
too darn hard for the amount of money coming in.
For someone with my background, it was clear that they had a severe
sales and marketing problem. I researched the available resources for these
small firms that wanted to sell their products, services, and solutions to the
corporate market and was appalled at how bad they were. I wanted to help,
but I had no idea how I could impact these widely dispersed, cash-poor
businesses.
One day it hit me: I’d create an online resource for these firms where
they'd have access to the same quality information and training that was
currently available only to large corporations. For almost a year, I poured
my heart and soul into creating this resource for entrepreneurs, salespeople,
independent professionals, and consultants.
During that time I did minimal consulting work and burned through
nearly all my cash reserves. When the Web site was up and running, I was
finally ready to return to my sales training business with renewed vigor and
a full complement of new service offerings. I targeted companies I wanted
to work for, found out who to contact, and started “dialing for dollars.” I
fully expected to land a few good clients in no time flat—just like I had in
the past.
Boy, was I in for a shock! I couldn’t reach a living soul. No one
answered the phones anymore. All my calls rolled directly into voice mail. I
agonized over leaving messages—should I or shouldn’t I? It didn’t seem to
matter either way because no one called me back.
I was stymied. I’d never experienced problems getting in before. For
someone who prided herself on her sales skills, it was incredibly humbling.
At first I thought it might just be me—that maybe I was over the hill and no
one wanted to talk with me anymore. But after checking around, I
discovered other sellers were facing the same problem.
The struggle to get in was reaching epidemic proportions. Every person
I talked with was having major difficulty setting up appointments with
corporate buyers. It didn’t seem to matter if they worked for a major
corporation with huge name recognition or if they were a small one-person
consulting firm. Sales approaches that had worked for years were no longer
effective. In fact, they actually created more obstacles.
Sellers were scratching their heads wondering what to do next. If they
couldn’t get in, there was no way they could sell anything. I knew exactly
how they felt. My bank account was running low, and I needed business.
Fortunately I love difficult sales problems, which is exactly what I was
faced with. I challenged myself to figure out what it took to get into big
companies again. I interviewed numerous people. I experimented with
multiple techniques and strategies. I sharpened and fine-tuned the
approaches that held promise. Then I focused on eliminating the obstacles I
encountered along the way.
Lo and behold, I finally started getting appointments with key decision
makers. I kept at it until I knew the process worked for anyone in business-
to-business sales, regardless of their specific market focus. Since that time,
nearly all my speaking and training has focused on what it takes to get into
big companies and how to succeed with crazy-busy decision makers. It’s a
huge issue that affects sellers across every industry. They don’t have a clue
what to do differently— which is why I wrote this book.
SELLING TO BIG COMPANIES OVERVIEW
It’s a whole new world out there right now. New approaches are
required for success in today’s crazy marketplace. Doing more of the same
old thing won’t get you any where—and especially not into a large
corporation. Selling to Big Companies shows you what it takes to get the
attention of corporate decision makers today.
Part I: Accept the Challenge
This section of the book covers those key elements you need to have in
place to move forward in today’s sales environment. You’ll learn how to:
target the big companies where you have a high likelihood of sales
success;
evaluate your current value proposition to determine its effectiveness;
strengthen your value proposition so it’s highly appealing to corporate
buyers;
research big companies and uncover critical information that can help
you advance your sales efforts; and
leverage existing relationships and create new connections that can
help you get in.
identify who makes decisions for your product or service within the
big companies;
craft a multitouch account entry campaign that breaks through all the
marketing clutter;
create and deliver enticing voice mail messages that attract the
attention of corporate decision makers; and
develop customer-attracting letters and e-mails that stand out from the
crowd and incite a positive response.
The final section of this book is focused on when you actually meet
with your prospect. Specifically, you’ll discover how to:
These trends will make it even more difficult for you to:
figure out where decisions are being made and who is actually
involved in the decision process;
entice stressed-out customers to take time from their busy schedules to
meet with you;
differentiate your offering from competitors without destroying your
profit margins; and
bring exceptional value to client meetings—so much so that decision
makers will want to work with you despite higher pricing.
Breaking a big company into bite-sized parts is the best way to begin. It
prevents you from becoming overwhelmed by the sheer complexity of the
organization, enabling you to turn your dream into a reality.
EMPLOY A FOOT-IN-THE-DOOR SALES STRATEGY
I believe in making it as easy as humanly possible to get your initial
contract with big companies. The best way to do that is to find and fill an
immediate and urgent need for your prospect. It doesn’t necessarily mean a
huge contract. In fact, you can get started in a very small way and leverage
that one piece of business into a highly profitable, multiyear relationship.
Once you’re in, you’re in! Do good work for your client and build your
relationship. Keep your eyes open for emerging needs, other problems
requiring resolution, and gaps between your client’s desired future and
today’s reality. More business will materialize if you keep your focus on
helping your clients improve their operations.
Find Your Most Effective Focal Point
If your product or service costs a lot of money, it’s much harder to get
the first contract with a big company. There are budgetary issues, sign-off
hassles, tons of people involved, increased visibility, and a great deal of
personal risk involved for the decision maker.
Recently I did a comprehensive yearlong project with a prestigious
client. When we first started talking about what needed to be done, I could
tell they were nervous about a number of things—the scope, the costs, and
even if working with me was the right decision. Rather than proposing the
whole enchilada at the onset, I broke it down into pieces. I recommended
they just get approval for Phase I initially because of what we’d learn in
working together. We could reevaluate Phase II when it was time. By
making my proposal smaller, I got in faster. By the time Phase II rolled
around, they trusted me and valued my work. My second proposal was
accepted without question.
If it’s at all possible with your offering, think about how you might
create smaller decisions. The easier you can make it for your customers to
get started using your product or service, the faster you’ll get into the big
company.
Don’t let yourself be intimidated by big companies. Despite their
immense size, they’re really a bunch of small companies filled with people
who are doing the best job they know how to do. They’re not perfect by any
means.
Start by pursuing business with a functional area within a division of a
business unit. Try to figure out what part of your offering might be the best
foot-in-the-door strategy. Think easy.
KEY POINTS
Friends who work for large corporations tell me that no matter how hard
they work, they can’t seem to get ahead of the game. New fires keep
popping up every where as urgent matters distract them from focusing on
the important. Despite putting in 60-hour weeks, they can’t seem to catch
up.
I recently talked to an executive from a manufacturing firm whose
salespeople were really struggling because of changing customer demands.
Quite frankly, the firm’s salespeople lacked the skills needed for success in
today’s market. But his group was under such intense pressure to “bring in
the numbers” that he couldn’t pull his salespeople out of the field for the
kind of training that would help them succeed. Because they didn’t have
time to address these problems, they were forced to work even harder all
the while they were slipping further and further behind.
Busy, Busy, Busy
Despite feeling like they’re at the end of their rope, most corporate
decision makers are amazingly silent when it comes to voicing their
opinions about the current situation. Why? At a time when so many good
people have been downsized, they don’t want to be next. They prefer to
remain quiet, doing as much as they can while maintaining the lowest
profile possible. Often their focus is on pleasing their boss rather than
dealing with the tough issues.
They’re also risk averse when it comes to making decisions. Because of
all the pressure on bottom-line results, nearly all expenditures must
demonstrate a strong return on investment (ROI). Today many companies
expect to achieve a payback in less than 12 months.
To mitigate their risk, corporate decision makers routinely involve many
people in the decision process and hold meeting after meeting to ensure
they make the right decision. Getting a contract signed sometimes takes
forever; sellers often have to jump through hoops to prove their product or
service is the best and safest option.
Bad Case of Original Cynicism
The last thing in the world that corporate decision makers want is to
create more work for themselves. They’re already on overload, with a pile
of work that just keeps growing. Even the very best, most positive change is
disruptive.
For example, I limped along on my old computer for an eternity because
I was so swamped with work. I knew that a new system would make a huge
difference in my efficiency, but I also realized that it took time to get a new
system set up right and to learn new ways of doing things. So I lived with
the status quo until I had no choice but to abandon it.
Corporate decision makers are in exactly the same boat. With time as
their most precious commodity, they don’t seek out change. Even making a
decision requires time to assess current processes, analyze the financial
returns, evaluate options, negotiate contracts, set up a new vendor, and
implement new ways of working. Just the thought of having to do all that
extra work is exhausting.
Their extreme need to protect their time at all costs makes the status quo
your most formidable competitor when selling to big companies. Change
really has to be worthwhile to get someone to move.
Alternate Uses of Corporate Funds
As the old saying goes, “the squeaky wheel gets the grease.” If decision
makers can get by without making a change, they will. But ultimately
something blows up in their face. Suddenly everyone’s attention is diverted
to this catastrophic occurrence, and money is poured into a solution. Even if
no funding was allocated, it’s siphoned off from other budgeted expenses.
Sometimes money is reallocated for other reasons too. Highly effective
salespeople who help their customers understand the total costs of their
current processes will always find funding available. Strong internal
advocates for change can also influence where the budgeted money is spent.
In today’s marketplace, you may really be up against a traditional
competitor in a small percentage of the decisions being made. However,
you’re always fighting the status quo and other uses of corporate moneys.
MISTAKES YOU DON’T WANT TO MAKE
Now that you know about the corporate environment your prospective
customers live in, let’s take a look what that means in terms of mistakes to
avoid.
Don’t Waste Their Time
Many old-time sales gurus will tell you how important it is to develop a
personal relationship up front because “people buy from people they like.”
They recommend spending time getting to know your prospects, learning
about their likes or dislikes, and finding out about their career goals,
hobbies, and family life. They suggest that when you get to their office you
look around for items to talk about, such as fishing trophies or pictures of
their children.
This won’t work today. Time-starved decision makers don’t want to
spend their precious time talking about a recent trip to Mexico with a
stranger who’s trying to sell them something.
In today’s sales environment, you need to prove your business value
first. For someone like me who really enjoys talking to people, this was a
jolt to my system. In order to get my needs for “humanizing” the
relationship met, I had to first focus on my prospect’s needs for ensuring
time is well spent. Show your value, demonstrate your worth, and make a
difference. Then these decision makers want to have you as a friend.
Don’t Expect Them to Tell You about Their Business
Lots of sellers make this “dump” mistake. After trying for so long to get
into the big company, they want to maximize every nanosecond of their
time with the corporate buyer. Mistakenly, they believe that the best thing
they can do is to explain their offering in excruciating detail.
Many times prospective decision makers will set this trap too by asking
for information on your new products, services, solutions, or technology.
Remember, they don’t want to make a change unless they absolutely have
to. Most are simply asking about it so they can find a reason to say “no” to
you. Don’t confuse this request for information with interest.
So don’t focus on your offering, reciting its every feature and capability.
This is the wrong place to put your emphasis. Absolutely no good comes
from it.
Don’t Use Any Self-Serving Verbiage
This may be a blinding flash of the obvious, but really, really busy
people don’t have time to think. Nor do they have time to translate what
they hear into quantifiable metrics that are meaningful to their organization.
Telling a prospect that your solution improves services is worthless. So
is that fact that it’s made of certain materials, utilizes the most up-to-date
technology, or helps prevent employee turnover. You may think that it isn’t
necessary to spell out the true value of your offering because customers
“know” what it means.
Perhaps they do understand that value at some level. But they don’t
have time to analyze its impact on their own operations. They’re too busy
putting out those fires. They don’t know how much money is seeping or
even gushing from their bottom line because of their current processes. If
they did, they’d have acted already. Never, ever expect corporate decision
makers to intuit the value of your offering or make the calculations
themselves.
People who work in big companies today are under intense pressure and
stretched to the max. Certainly this creates challenges for you when you’re
trying to get your foot in the door. It also creates opportunities for the savvy
seller, and that’s what we’ll look at in the next chapter.
KEY POINTS
If that list describes your thinking, then you’re in luck because those so-
called “skills” are the kiss of death in today’s sales environment.
Chatterboxes waste the busy decision maker’s time. Sellers with perfected
“pitches” come across as cardboard characters interested only in their
personal gains. Those who “wing it” discover that their prospects no longer
want to meet with them. Great closers create obstacle after obstacle,
effectively derailing their own sales efforts.
THE NEW MODEL FOR SALES SUCCESS
Sales is not a bunch of mysterious, manipulative techniques you can
master that trick customers into buying from you. We’re not talking about
selling snake oil and getting quickly out of town. We’re talking about
establishing long-term, mutually beneficial relationships.
The old way of selling is dead, dead, dead. As the table below shows,
sellers who follow the traditional model are fundamentally different from
those who are successful selling to big corporations today.
*Double click image below to enlarge.
Priority
With getting the order as their top priority, traditional sellers create
resistance in every customer interaction. People can intuitively feel when
they’re being sold. They can tell when someone is acting in a self-serving
manner or is under intense pressure to deliver results. This self-created
client resistance severely hampers the sales effectiveness of traditional
sellers.
The priority of today’s top sellers is making a difference. They see
themselves as change agents who specialize in improving their customer’s
business. These sellers know that if they help their customers solve their
problems and achieve their objectives, success automatically follows.
Focus
These tasks are not part of her job description. But because she
willingly brings her knowledge of design, style, and business to the
relationship, her customers reap huge benefits. Inventory turns faster and
profits skyrocket.
As you can see, this goes far beyond just selling your products. It
requires a very thoughtful, planned, and diligent approach to business. Top
sellers know this and invest significantly more time deepening their
knowledge base and expanding their expertise.
Top sellers constantly think about how they can help customers
improve their business.
Top sellers don’t just service their accounts’ needs, respond to customer
questions, or prepare proposals that customers have requested. They’re
constantly focused on business improvement ideas. They proactively lead
change initiatives with their customers. They challenge their customers’
thinking and expand their range of possibilities. In short, top sellers are an
incredible, indispensable asset to their client’s business.
WHAT DECISION MAKERS WANT FROM YOU
Now that you understand the new model of what it takes to be
successful in sales today, let’s look at what that means specifically when
you’re attempting to get your foot in the door of big companies.
Focus Your Brain on Their Business
From the moment you target a big company, begin asking yourself these
questions to help identify the difference you can make:
Those busy decision makers don’t have one bit of time to intuit the
impact you might have on their business. Corporate buyers could care less
about the “bells and whistles” of your product, your unique methodology, or
your impressive personal qualifications. They like the status quo. Until they
clearly understand that change will have a really positive impact on their
business, they won’t budge.
So do the calculations for them. Quantify the difference you can make.
Give them numbers, percents, time frames, and statistics. When you
initially contact them, you need to shout out your value to them— loud and
clear—so they can’t miss it.
Personalize Every Contact
If you know your stuff, don’t be afraid to show it. Often busy decision
makers will brush you off as fast as they can because it’s how they normally
deal with sellers. They tell you that everything is fine, life is great, and that
they’re totally happy with what they’re doing right now.
If you have researched their firm and have identified some differences
you can make, don’t let them get away with it. Quietly but confidently keep
the focus on the business issues that you know they’re dealing with. Use
your depth of knowledge to discuss the ripple effect of these problems on
their operation or processes.
In essence, be a consultant who has valuable ideas that are worth
listening to. Make them think that perhaps you know something that could
be of value. Again, please note, this is not a discussion about your product,
service, or solution. It’s a provocation around a business issue and the
ramifications of their current operation.
Show Them How Others Do Things
Many people in big companies are isolated from the rest of the world.
They’re so busy working that they don’t have time to keep up on what
others are doing.
If you can be a good source of information to the corporate decision
maker, you will be highly valued. They’re especially interested in how
similar companies have tackled the very same challenges they’re facing.
Any insights or ideas you can bring to the table are extremely valuable.
Talk with Them as Peers
Talking with customers on a peer level can feel pretty daunting if you’re
young or haven’t worked with corporate decision makers before. Please
realize that they’re simply people trying to do the best they can. If you
sound all goo-goo about talking with them, it hurts your credibility. Just
focus on their business issues and the difference you can make and they’ll
be interested in meeting with you.
EMBRACE THE NEW SALES PARADIGM
When most sellers truly understand the new sales paradigm, they’re
excited about it. For the first time in a long while, they feel hope again.
They’re tired of fighting the rampant marketplace commoditization with the
resulting price wars. But while most really do care about making a
difference, what they don’t understand is just how fundamental a shift they
personally need to make.
The Bane of Your Sales Existence
In other words, you pick the companies with whom you want to work
and then make it happen.
SELECT YOUR FUTURE CUSTOMERS
Recently I talked to a consultant who shared with me that he was really
struggling financially. Although he’s been on his own for years, he’s never
managed to establish long-term relationships with corporate clients. Instead,
he spends most of his time on the cash-poor small-business sector, trying to
make it to the big time. When I asked about his target market, here’s what
he told me:
“Big companies and small companies. It really doesn’t matter what
industry they’re in. I’ve worked with real estate firms, insurance companies,
professional services firms, and some of the big corporations in the city too.
“I help them with team building, personal and career coaching, writing
their marketing collateral, and sales training if they need it. Sometimes I
even coach their executives. I like to tell people I’m a ‘revenue coach.’”
Whew! Clearly this man wants to keep all his options open. He’ll work
with any company and do whatever they want him to—as long as he gets
paid.
But how do corporate buyers react to him? Obviously, not well. In
today’s hypercompetitive market where they have an endless choice of
possible suppliers, they want to work with experts who truly understand
their business. They’re so busy, they don’t have time to bring people up to
speed on their unique business issues and needs. They want to quickly
assess if a seller’s service or product is a good fit and move on. If a seller’s
message doesn’t scream that it’s a perfect fit for them, the seller is
immediately eliminated from consideration.
That’s why defining your target market is so important. In fact, when
you’re clear about it, you can craft a powerful value proposition that entices
your ideal customer so much that they’ll want to learn more about your
offering—soon!
Well-defined target markets increase the effectiveness of your
marketing and sales efforts too because everything you do is focused on that
targeted customer. Prospective buyers “feel” like you understand their
business, industry, challenges, and concerns in greater depth. They perceive
you and your company as having greater expertise and superior products.
When you know your target market well, you know the trade shows
they attend, the magazines and trade journals they read, the Web sites they
visit, and more. You invest less money on your sales and marketing with
significantly improved results. Because prospective customers can find you
more easily, referrals go up. Finally, you differentiate your business from
competitors, thus increasing your profitability.
As Geoffrey Moore vividly points out in Crossing the Chasm,
companies that try to be “all things to all people” have significantly higher
costs, never really establish a strong customer base from which to grow, and
often disappear before achieving profitable growth. If you’re like most
people, though, it’s really hard to walk away from any potential business.
Yet closing the door on some opportunities truly opens far more doors for
you in others.
DEFINE THE DEMOGRAPHICS
The first key to success in selling to big companies is to clearly define
your ideal customer. Often when I ask people to tell me about this perfect
client, I hear comments such as:
Certainly we’d all like those kinds of customers. But a target market is
much more than this. It’s a group of prospective customers who, because
they share common characteristics, are especially receptive to your products
or services.
What are these “common characteristics?” Start out by defining the
demographics or the basic facts about the types of companies you work
with best. There are many ways you can determine the demographics of
your ideal customer profile. For example, you might want to ask yourself
these questions:
What industry are they in? Are they manufacturing firms or services
businesses? Are they in telecom, medical devices, health care, or
software?
How big are they? What are their revenues? How many employees do
they have? Are they a regional firm or global?
What are their distribution channels? Do they use direct sales?
Distribution organizations? Online sales or catalogs?
What type of technology base do they utilize? What are their existing
computer systems? Manufacturing processes?
Who are their customers? Do they sell in the business-to-business
marketplace, business-to-consumer, or business-to-channel?
What is their development stage? Are they in the growth mode? Are
they a mature organization? Or is their business declining?
When I started my company years ago, I was pretty naïve about target
markets. I willingly worked with anyone who needed sales training. In my
first year, I trained people who sold insurance to consumers, industrial
pumps to manufacturers, cereal products to food service establishments,
heart monitors to physicians, and attorneys trying to get corporate business.
Each contract was a one-off project requiring hours of time spent
studying their products, services, markets, customer needs, and the selling
strategies of their top performers. I felt like I was getting paid peanuts for
the amount of time I invested with each customer.
My business took off when I finally came to my senses and decided to
leverage my expertise. All my sales experience and success was with
technology firms in the business-to-business (B2B) sector. I talked their
language, understood their issues, and established immediate credibility
with decision makers in B2B companies.
The same thing happened to InTouch, Inc., one of the thousands of
telemarketing firms out there today. Ever since CEO Brian Carroll and his
management team got a clear focus on their target market, business has
gone steadily uphill. With whom do they work? They target companies with
a long-term, complex sales cycle. They also have very specific parameters
related to annual revenue and sales force size as well.
Without a well-defined target market, it’s much harder to be successful
selling to large accounts. I’ll never forget the day one of my customers, a
company that specialized in products for the scientific community, gleefully
announced changes enabling their sales force to call on financial services
firms, hospitals, and government institutions. I was stunned with this
irresponsible decision. Six months later, everyone’s initial euphoria had
totally evaporated as sales fell to an all-time low.
Big companies don’t have time to educate sellers regarding their
marketplace. They want to work with people who are knowledgeable in
their industry. A friend of mine used to work for a custom-designed training
company with absolutely no focus. When he decided to target
pharmaceutical firms, his business blossomed. He learned the lingo, knew
when they needed his services, and could intelligently discuss what was
happening in the industry.
If your firm doesn’t have a target market, create your own by focusing
on specific types of customers. If you don’t have a specialization, you can
create that too. You have to start somewhere!
SCOPE OUT THE PSYCHOGRAPHICS
It’s imperative to determine the psychographics of your target market as
well as the demographics. These intangible factors help you assess if a
prospective customer is the right “fit” for your business. These
characteristics are every bit as important as the factual data because they’re
what make the relationship work. Questions you can ask to determine the
psychographics of your target market include:
What are the vision and values of the organization? How about the
character and ethos of the firm? How committed are they to their
people, customers, or the environment?
What is their reputation in the industry? Are they innovators or low
cost providers? Are they early adopters of technology or laggards?
What are their management priorities? What’s most important to them
—increasing sales, cutting costs, or improving operational efficiency?
What are their critical success factors?
How would you evaluate their perceptions of your industry, product, or
service offering? Positive, negative, neutral?
How would you define their management style? Are they top-down
driven? Do they encourage individual and team contributions?
If you analyze your best customers, you may find out that one thing
they have in common is that they’re pursuing a specific direction that just
happens to create opportunities for your offering. Perhaps they’re focused
on:
Another way to determine the best enabling conditions for your offering
is to identify the common challenges, issues, or problems that your product
or service solves. What were your best clients struggling with before they
worked with your firm? What problems were they having? Perhaps they
were facing issues such as:
Any commonality you identify helps you get more focused on your
ideal client profile.
NAME THAT NICHE
Defining your target market is one of the most important things you can
do to increase your sales to big companies. And it’s one of the very first
things you should do! After all, if you don’t know what kinds of customers
you work with best, you might not recognize an opportunity even when it’s
staring you in the face.
If this strategy is new to you, don’t worry about crafting a perfect
definition of your target market. But you do need to hone your target market
down to something that you can get your hands around. Use Tool 1: Target
Market Definition in the Appendix to record the demographics,
psychographics, and enabling conditions of those clients that are ideal for
your business. If this is difficult for you to do right now, you'll also find
these tools in the Appendix to help you more clearly define your best target
market:
As you learn more about your marketplace, make the course corrections
you find necessary. Realize that your niche may evolve over the years—
especially if you run your own business. Your personal interests may
change over time. Market conditions may change, causing you to refocus
your efforts. Even your clients can cause you to change—the “one-off”
project you do for them expands your knowledge base, creating new
opportunities for you.
Once you’ve defined your target market, then identify the names of
actual companies that align closely with the parameters you’ve established.
If you’re like many people, you want to list all the large corporations
located close by. It doesn’t work that way. You have to pick the right
companies, near or far, to pursue.
I live in a metropolitan area with lots of big companies. There’s a
temptation to be a nondiscriminating seller. Target, 3M, General Mills,
Carlson Companies, and Cargill are just of few of the biggies in my
backyard. Yet I would be wasting immeasurable time and effort if I pursued
business with all of them. Why? To the best of my knowledge, only two of
these big companies fit my ideal client profile.
Don’t be promiscuous in your prospecting. Be selective. Use the target
market criteria you’ve established to identify the Top Ten big companies
you’d like to work with in the next year.
What? Only ten companies? Yes, you heard me correctly. There’s no
way you can do justice to more than ten big companies. You have so much
to learn about them first. There’s research to do, account entry strategies to
plan, and people to meet. You’re just getting started.
Please don’t get me wrong. You can contact more than ten companies,
but your brain can only really focus on a select number of A-priority firms
—big companies where you can establish a beachhead that will lead to lots
of future business.
The most important thing to remember about target marketing is this:
“Just do it!” The sooner the better. Stop working harder than you have to.
Stop spending way too much time and money trying to reach a broad base
of customers who “could” use your product or services, but who don’t have
the compelling needs that others do. Stop the endless prospecting and
begging for people’s attention.
Claim your target market now. Own it. Be the specialist, keep
developing your expertise, and look for ways to grow your business within
your segment. And just as important to your sale success with big
companies—walk away from all opportunities that aren’t in your target
market.
KEY POINTS
A strong value proposition is just what you need to get your foot in the
door of big companies and create opportunities to sell your products or
services. A value proposition is financially oriented and speaks to the
critical issues your target market is facing. A strong value proposition is
specific, often citing numbers or percentages. It may include a quick
synopsis of your work with similar customers as a proof source and
demonstration of your capability.
WHY ELEVATOR SPEECHES AND UNIQUE SELLING
PROPOSITIONS ARE BOTH WORTHLESS
While a value proposition is often confused with an elevator speech or a
unique selling proposition, its purpose and sales impact are fundamentally
different when selling to big companies.
An elevator speech answers the question: “What do you do?” It’s a short,
one-sentence or two-sentence statement that defines who you work with
(your target market) and the general area in which you help them. The
following elevator speeches show you how some sellers describe what they
do:
“My company works with small businesses that are struggling to sell
their products or services into large corporate accounts.”
Typically, elevator speeches are about ten seconds long. They’re used
primarily at networking events to attract potential clients and stimulate
discussion. Because decision makers from big companies rarely attend
these events, elevator speeches have minimal impact on your ability to get
in. An elevator speech is the foundation of a value proposition without the
specificity that is needed to sell into the corporate market.
A unique selling proposition (USP) answers the question: “How is your
company different from the other vendors?” Its primary purpose is to create
competitive differentiation. Here are several examples of USPs:
“We guarantee service in less than four hours or your money back.”
(guarantee)
“Our system was rated best in class at the recent Big Deal
Conference sponsored by the Elitist Consulting Group.”
While these ramblers certainly know their stuff, they’re not talking in a
language that a customer wants to hear. Their long-winded wordiness is of
no interest to busy corporate buyers. Period.
DESCRIBE TANGIBLE, MEASURABLE BUSINESS OUTCOMES
To break through the marketing clutter, your value proposition must be
stated in business terms. Remember, corporate decision makers don’t care
about your product’s speed, specifications, or efficiency. They don’t care
about the wonderful methodology you use.
Your offering is simply a tool. Decision makers care only about the
results your offering delivers for them.
What Decision Makers Love to Hear
When you’re defining your value proposition, first examine where the
impact of your offering can most easily be quantified. Tangible value is
typically expressed in numbers, percentages, and time frames. Examples
might be:
Typically these tangible gains also have related indirect value gains that
aren’t quite as obvious, but they can help strengthen an already strong value
proposition. For example, improving productivity means fewer workers.
With a smaller workforce, the company saves a significant amount on
benefit costs. Less money is spent in recruiting and hiring. These savings
can also be quantified as part of your value proposition.
A well-designed Web site may cut the need for customer service staff. A
more efficient just-in-time (JIT) ordering process decreases the amount of
warehouse space and its associated costs. A digital asset management
system’s ability to repurpose data reduces advertising expenditures. Always
try to quantify the indirect values as well as the direct ones.
Spell Out Intangible Value
“We help large companies reduce the cost of their employee benefits
programs without impacting benefit levels. With the spiraling costs of
health care today, this is a critical issue. One of our recent clients saved
over $800,000 in just six months without cutting any services to their
employees or making them pay more.”
– Benefits Firm
But based on what I’ve seen in working with sellers, the biggest benefit
you get from understanding your value proposition is . . . (drum roll) . . . a
strengthened belief in your own offering.
When you truly understand the business value you bring to customers,
you work harder to get into accounts. You’re less discouraged by rejection.
You don’t question if there’s a market for what you sell. Ultimately when
you know your product or service makes a valuable difference, you sell a
lot more!
KEY POINTS
Weak value propositions are the root cause of most sellers’ inability to
get into large corporations.
Strong value propositions focused on the business value that
companies get from using your product or service are of high interest
to corporate decision makers.
Specificity sells. Include numbers, percents, dollars, and time frames
to make your value proposition stronger and more credible.
A value proposition can include tangible value, intangible value, and
opportunity costs. Different prospects may be interested in different
aspects of the value your offering provides.
Remember, your product or service is simply a tool. Buyers want it
because of the results they get from using it.
7. STRENGTHEN YOUR VALUE
PROPOSITION
So how does your own value proposition look? If it’s not strong enough
yet, don’t despair. As I said earlier, most people and companies have a
much more powerful one than they use. They just get caught up describing
“what” they make or “how” they do things.
Your challenge is to create a value proposition so enticing that when
corporate decision makers hear it, they say, “I need to learn more.” While
this may seem glaringly obvious, in real life it can be much more difficult to
implement.
Recently I talked with a woman who said she did training for sales
organizations. As a nosy but friendly competitor, I asked about her
programs. She told me they were based on the appreciative inquiry model
that builds upon what salespeople already do right. When I asked about the
outcome of her methodology, she replied, “It energizes the sales force.”
After 25 years in this field, I’ve never met a sales executive who wanted
their salespeople to have more “energy.” They want results—pure and
simple. More orders. Fewer losses to the competition. Bigger or more
profitable contracts. Better customer retention. If you’re selling to sales
management, you need to use these terms.
FIND THE POWER OF YOUR VALUE PROPOSITION
Clarifying value propositions isn’t just hard for individuals. Sometimes
entire companies seem to create value propositions in a vacuum. They
blindly go to market without testing how customers perceive their
marketing messages.
Several years ago I worked with a large corporation that introduced a
new system into the printing market. They were ecstatic about its
extraordinary color matching capabilities that were far superior to anything
else out there. The “dots” on the page were of such high quality, they just
knew that printers would flock to do business with their firm.
However, sales stalled out after the early adopters made the conversion.
I was asked to help on a relaunch. In the process, I interviewed a number of
their customers. One printer had metrics on every aspect of its business. I
learned that by using the new “color” product, this printer:
cut the staff in their prepress area by 33 percent and still handled the
same workload;
redeployed these valuable workers to other areas of the firm (where
they were desperately needed) and cut overtime costs;
reduced project turnaround time by two to three days, creating a
significant competitive advantage and enabling them to pick up some
key clients; and
balanced out their workflow, allowing them to delay the purchase of an
expensive new press.
Before you started using our offering, how did you handle things?
Why did you decide to change to or to use our service?
What problems were you hoping it would solve?
What objectives were you expecting it to help you achieve?
On a scale of 1 to 10, how would you rate our offering in terms of
helping you reach your desired result? Why did you select this rating?
Did you realize any positive results that surprised you?
What were the three most important benefits you received as a result
of our product/work together?
What value did our offering provide to your company? How would
you quantify the value of these improvements?
How did it impact . . . ? What were its ramifications on . . . ? What was
the effect on . . . ?
What improvements did you realize? How did that help your bottom
line or with your growth objectives?
What did our solution enable you to do that you couldn’t before?
What is doing that worth to your organization?
What other areas in your company benefited because of our work
together?
Can you help me quantify the payoff your firm realized from using our
offering?
Ask these same questions to more than one person in your customer’s
organization. Talk to people in different areas and in different positions in
the company. They each have a unique and highly valuable perspective.
Sometimes you’ll hear something totally new from one person that will lead
you to a much stronger value proposition.
If your customers say negative things about you, your offering, or your
company, listen and ask questions. While this is not what you wanted to get
from these meetings, it is critical data. Don’t get defensive, make excuses,
pass the blame, or tell your customers that they’re wrong. If you do, they’ll
shut down fast and you’ll lose all credibility. At times like this, what’s most
important is maintaining the business relationship. While you can’t always
guarantee positive outcomes, customers still appreciate the opportunity to
give feedback and have their frustrations heard.
CAPITALIZE ON YOUR COLLECTIVE WISDOM
Another way to clarify your value proposition is by brainstorming with
your colleagues. The collective wisdom and experience of your peers
provides a broad overview on the value of your offering from a customer’s
perspective. Review your marketing materials. Reflect on what you know
about your customers. Think about what you say that interests and excites
them.
As a group, here are some questions you can discuss:
Asking these questions over and over again gets you much closer to the
real value you bring to customers. Look for the impact your offering has on
their organization. Explore the financial effect your products, systems, or
services have on their business.
Quantify, quantify, quantify. Where are the dollar savings? How can you
measure the increased productivity? How much have you increased sales?
The more you can make your value proposition tangible, the easier it will
be to get your foot in the door of big companies.
Determining your value proposition with only an internal analysis can
be dangerous, though. Outside validation by your customers is far more
important. It doesn’t matter what your marketing department thinks is
valuable. When it comes down to spending money, it’s only the perception
of your customers that counts.
If you’re an independent professional, get a group of colleagues
together and brainstorm each other’s business cases. You need their
perspectives to clarify your primary value proposition. You’re much too
close to it to discover it without help.
WHAT IF YOU DON’T HAVE METRICS?
Many consultants and professional services providers find it difficult to
quantify the measurable results customers realize from using their offerings.
Because of this, they think they can’t come up with a strong value
proposition.
I understand their frustrations. With 15 years of consulting under my
belt, none of my product launch clients measured the effectiveness of my
work. There were many reasons for this: not enough time to compare
before-and-after results, lack of benchmarking, and the multiple factors that
can impact a new product’s market success. So like many of you, I lacked
good hard data.
However, this didn’t stop me from talking about what I did in business
terms. Rather than giving exact figures (which was impossible), I
emphasized the:
lag time between product launch and achieving projected sales results;
critical need to shorten time-to-revenue;
high costs of sales representative downtime spent on preparing
presentations and proposals;
lost windows of opportunity, enabling competitive inroads; and
inconsistent messages being delivered to channel partners and
customers.
Whatever profession you’re in, it’s critical to talk about your work in
business terminology. As a result of working with you, what are the
outcomes? What business results are attained? They’re there! You just need
to find them.
Extend Existing Business Statistics
Just because you don’t have statistics doesn’t mean you can’t get them.
Perhaps your customers already have metrics you could benchmark against.
Rita Webster, president of WiseLeader, coaches executives who want to
accomplish more through the people they lead. One of her manufacturing
clients had great statistics on their output and rework. Consequently, they
were able to compare how things were before her consulting and after. As a
result of working with her, the client realized:
Think about how you might demonstrate your value with your
upcoming sales opportunities. Skip Jankoski, President of FreshSuccess,
Inc., does this regularly. His specialty marketing business development firm
specializes in helping salespeople establish new clients.
Skip never talks about the creativity of their “engagement system.”
Instead, he focuses on the client’s business objectives for lead generation.
Early in the sales process he talks to decision makers about what to measure
and how they’ll do it. Their metrics can be as simple as tracking:
If you think about your business, I suspect you can come up with some
industry statistics also. Again, they can be great proof sources of the need
for your product or service in the market.
TEST YOUR VALUE PROPOSITION
Before you begin contacting corporate decision makers, it’s imperative
to clarify your value proposition. Otherwise, no matter how hard you try,
you’ll be ineffective in your attempts to get in.
Realize too that you may not be a good judge of your own value
proposition. The only person who can truly make that determination is a
decision maker in your targeted market. If you have a strong relationship
with some clients, run your value proposition by them. Find out:
If you can’t interview a customer, try the next best thing—a simulated
client. Pick a colleague or a person as close to your prospective buyer as
possible. Lay the groundwork by giving them an overview of your target
market and some information on your decision maker’s objectives and
concerns. Give them a brief update on “a day in the life” of your
prospective customer.
Invite them to slip into this role as best they can. They need to imagine
themselves actually “being” this person. Tell them you want to know how
your value proposition sounds from this person’s perspective. Have them
close their eyes. Then, tell them your value proposition.
When you are done sharing it, ask, “As you sit in my prospect’s shoes:
You must realize that it doesn’t matter what you say; what matters is
what your customer hears. If something isn’t clicking, stop using it. If
something piqued their interest, use it again!
Your value proposition is the foundation of everything we’ll be focusing
on in the rest of this book. If you want to get into big companies, it’s
imperative that you invest time in figuring out what your value proposition
is and how to best articulate it.
KEY POINTS
Doing this research helps you take the “cold” out of cold calls. You’re
prepared to talk to decision makers. You know who they are and what’s
important to them. You know the words they use to describe their business
and the direction their company is headed. You’re never shooting in the
dark. It’s a huge confidence boost.
When you target a major corporation, focus your initial research on
these four areas:
1. Find a Point of Entry. Because your primary goal is to get in, look
for the easiest way to penetrate the account. That means you need to find
business units or divisions within the company that seem like they could be
a good fit for your offering. Review your target market definition before
you begin this research.
My first project at 3M was in their business products division. I knew
that my experience selling copiers would make me a credible resource. Yet
there are entire business units within 3M where the fit is poor and my
strengths bring little value. I’ve never called on the group that sells Post-
It™ Notes and never will.
I have friends who own a marketing communications firm. Over the
years, they’ve developed expertise in working with smaller medical
technology firms. Should they decide to pursue business with 3M, they’d
have a much greater shot at getting into their health care business unit than
into the home and leisure products division.
Think “fit” all the time and you’ll hone in much faster on the best point
of entry into the big companies. Also, by ruling out certain business units,
divisions, or departments, you don’t waste time trying to get into places
where the opportunities for success are limited.
2. Learn about Their Business. The amount of time you invest
researching and learning about a prospective client should be directly
proportional to their value to your business.
If landing a contract with this big firm puts megabucks into your pocket,
has high prestige value, or huge opportunities for growth, then it’s worth
spending lots of time on. Also, if what you’re selling has a major
organizational impact, it’s essential to spend significantly more time in the
research phase. For those types of accounts, you need to be conversant
about your prospective customer’s:
Industry trends
Business changes
High priority initiatives
Critical success factors
Key business issues
Financial drivers
Product and service lines
Competitors
Key customers
Primary decision makers
Before you begin, write down what these indicators are so that you
know what you’re looking for. Personally, I look for:
The obvious place to start is at the company’s Web site. First check out
the various business units and product offerings. Take a good look at:
For very important accounts you can easily spend four to five or more
hours reviewing this material and checking out other online resources. You
don’t have to go overboard for every account. Nor do you need to analyze
their financial numbers in great depth unless this information is vital to your
sales efforts. For me, this detailed analysis has never made a difference
because I’m more interested in trends and commentary.
Basically, you want to be able to talk knowledgeably about the account
and know what’s important to them. This information helps to develop your
account entry strategy and plan your meetings.
What you learn from interviews with their customers is totally seductive
to corporate decision makers. A business consultant I knew wanted to set up
a meeting with an executive in a major printing firm. By snooping around,
he identified some of their top local clients. He compiled a list of questions
he knew would be of high interest to the decision maker. (They just
happened to be highly relevant to his offering as well.) After the interviews
were completed, he contacted the executive and got right in.
Talk with People Who Work There
You can also use subscriptions services—and they are well worth it. For
a nominal monthly fee, you can totally customize your search. Unlike
Google Alerts which can overwhelm you with unrelated information, you
can set it for very specific trigger events for your targeted companies.
I strongly recommend that you check out these resources:
InsideView: http://www.InsideView.com
OneSource: http://www.onesource.com/iSell
SalesFuel: http://www.salesfuel.com
People you meet at networking events gladly refer you to their contacts
in large corporations.
Reality. Most people you meet at networking meetings are really nice
but may be even hungrier than you are for business. They’re desperately
hoping to meet someone who will give them a great referral into that
elusive corporate decision maker.
But let’s get real. Would you introduce someone you just met to your
corporate clients? I sure wouldn’t. When someone uses my name as a
referral source, it implies that I’ve put my stamp of approval on him or her.
Until I have a better sense of this person’s capabilities, character, values,
style, and more, I will not risk my good name! Nobody would when their
personal reputation and ultimately their financial well-being is at stake.
Myth 3
Because it takes time to see the results of your networking efforts, keep
at it.
Reality. Yes, it does take a while to see networking results. But if the
big company decision makers aren’t there—and won’t be coming—then
you’re wasting your time. The longer you keep at it, the more time you’re
wasting. Using traditional networking strategies and venues to get into large
corporations takes forever. You could go broke first. Get off your butt and
stop hoping that networking will get you into big companies. It takes a far
more proactive approach in today’s marketplace.
BUILD YOUR NETWORKING FOUNDATION
Successful networking doesn’t happen serendipitously. You must be
deliberate about it. As you develop your strategy, keep in mind the two
primary purposes of networking:
In order for others to help you out, you need to be crystal clear with
them about your target market, the problems your decision makers are
encountering, or the goals they want to achieve. This is when you use your
elevator speech, that one-sentence to two-sentence statement that answers
the question, “What do you do?”
It should be so clear that when people hear your elevator speech they
say, “You need to meet Terry. She was complaining about that exact issue
last time we talked.” Or else they say, “I have to introduce you to Bryan.
That’s what he’s trying to accomplish in his division.”
Elevator speeches are less specific than your value proposition but share
the essence of what you’re doing. They overtly state the type of customer
you work with so your fellow networkers know when someone would be an
ideal prospect for you.
Use a Problem-Centered Approach
The person you’re networking with may or may not know someone who
fits the parameters you describe. But they may know someone who knows
—and that’s valuable too. Sometimes you just need one connection to get
started.
MAXIMIZE YOUR BUSINESS CONNECTIONS
Because people from big companies rarely attend local networking
events, what can you do? How can you leverage your network to get your
foot in the door? Don’t wait for serendipity to happen.
Springboard from Existing Contacts
Start out by dating—you don’t need to get married right away. Our first
venture was a joint seminar. There wasn’t a lot of risk because we weren’t
bringing each other into our best clients. It was also a good chance for us to
see each other in action. In doing the seminar, we divvied up the work
according to our expertise. The event went smoothly. We all heard each
other speak and present. It was a good opportunity to assess each other’s
abilities at a deeper level and to build trust.
Expand the Relationship
Once you’re comfortable that you want to work with your strategic
alliance partner on an ongoing basis, explore ways to take your relationship
to the next level. Here is what’s happened with my partners:
We confidently bring each other in to meet our clients.
We brainstorm how best to work with our mutual clients. By pooling
our knowledge we’re able to come up with much better solutions for
them.
We co-market each other’s business in multiple ways: referrals, e-
newsletters, Web sites, blogs, and more.
These ideas just tap the surface of what can be done with strategic
alliances. If you’re still trying to go it alone out there, consider forming a
strategic alliance with other firms. If you choose the right partners, it will
make a huge difference in your business.
KEY POINTS
The first thing you need to identify the positional titles of all the people
you'd like to reach in an organization. For example, I typically call on the
vice president of sales. But not every company uses that same term.
Sometimes I work with the director of sales or the national sales manager.
However, because most decisions today involve multiple people, I also
want to find out who they are too. In many cases today I'll also have
conversations with the vice president of marketing, the director of sales
operations and the manager of inside sales. Every one of these people is a
potential entry point into a larger account. And, if I'm intent on getting my
foot in the door, I'll be contacting them all.
So the first thing you need to do is put together a list of the various
positional titles of the people who could make or influence a decision to
work with you. If you're not sure where to begin, ask people in your
network, “Who (or what position) in a big company is responsible for xxx?”
Once you have a starting point, then you can dig into the online
resources to find out who you should initiate contact with.
GO ONLINE TO IDENTIFY DECISION MAKERS
The internet is full of resources to help you identify the names of the
people you're looking for. Here are some of my favorite places to search for
contacts.
Dig Into LinkedIn
The internet is full of online databases where you can get a person's
email address, phone number (sometimes even direct) and mailing
information. There are three primary models out there for contact
collection.
User-generated: Data.com is perhaps the best example of this model.
Their database is built and maintained by salespeople and entrepreneurs
who work together to keep it up. If you contribute your own contacts to this
database you can get an equal number of contacts for free.
Web-crawlers: ZoomInfo is a dominant player in this category. When
you look for people in their database, you'll also find links to related
articles, speeches, presentations, press releases and more. They have lots of
good info about small and medium-sized companies.
Human-compiled/verified: DowJones and Hoover's are several of the
giants in this area, although there are many other well-known companies.
They've typically focused on senior executives. But today, they're also
leverage the two other models above to expand their breadth and depth of
coverage.
Additional services to find contact information include OneLead,
NetProspex, Datasentials, OneSource, ZapData and Demandbase.
Nearly all these resources charge a nominal fee, but it's a pittance
compared to the time you save looking for names. Also, it's important to
know that even though they all try to keep up-to-date, it's likely that 25% of
the information you get will be dated. As long as you know this from the
start, you won't be disappointed.
Even More Resources
It's may be hard to believe, but there are even more places you can go on
the internet to find the names of potential decision makers. Sam Richter,
online search expert and author of Take the Cold Out of Cold Calling,
shared these ideas:
Search the website of the targeted business unit or division of a big
company. Go to Google and enter the company name in quotes
followed by “AND” or “+” and then the division name in quotes.
Example: “General Mills” AND “Food Service.” Extend this search by
adding parameters such as job titles, products, or a person’s name.
Check out Business Journal’s Web site. First decide if you want to
search for news by industry or by market (New York, Atlanta). Then
enter your search parameters just as you did with Google.
Take a look at local paper's websites. They’re great resources for
finding names. If you're looking outside your metro area, Newslink's
Web site gives you access to media outlets around the world.
Research trade journals. They carry articles written by people deep
within the corporate hierarchy. Check with your local research
librarian for help. FindArticles is the best open-source resource for
this.
The phone is also a good tool for finding corporate decision makers’
names. It’s fast. It’s proactive. You build momentum each time you uncover
a name that puts you closer to your prospective buyer. Plus, by asking
questions of each person you talk to, you learn more about what’s
happening in their business that’s relevant to your offering.
Start with the phone company. Call directory assistance and get a listing
of all the local phone numbers—not just the main corporate number. You
can get the numbers to your targeted firm’s research facilities,
manufacturing plants, human resources, accounts receivable, retail outlets,
sales of fices, technical support, customer service, and so on.
Try calling any of these different locations for assistance. Because
employees from these offices seldom get these calls, they’re much less
averse to giving out names. In fact, they can help you find some pretty good
contacts. Ask them to transfer you if at all possible. Also see if you can get
the person’s direct-dial number or e-mail address. This is to your benefit,
because busy corporate employees check caller ID prior to picking up the
phone. Calls coming from the main switchboard are frequently rolled right
into voice mail because the likelihood of them being from a salesperson is
high.
Getting Insider Help
If you contact the primary corporate number, the people who answer the
phones want to help you out. They’re not gatekeepers trying to protect “the
boss” from interruptions. Realize that they may be constrained by a
corporate policy that prohibits them from giving out names or direct-dial
numbers.
If you know the person's job title (or several common variations) ask for
the position by name:
“I’d like to speak to the Chief Technology Officer of the Humanics
division.”
“Could you put me through to the HR Director with Industrial Markets?”
“Can you put me through to the VP of Marketing?”
But if you're not sure, you can still find the right individual by engaging
the person you're talking to in a quick conversation that's focused on the
following:
Remember this major caveat: When you’re searching for names, don’t
sell—not even one little bit. Keep in the information-gathering mode. You’ll
have ample opportunity to sell in the near future!
When No One Seems to Know
Contact a salesperson who works for the division you’d like to get
into. Sellers have great empathy for your situation and are often very
willing to help out.
Call the highest-level person you can find in the specific area of the
company you’re trying to reach. You’ll likely end up reaching an
administrative assistant. Explain your needs briefly and ask to be
redirected to the appropriate person.
Go to the “Contact Us” page on their Web site to find a number for an
actual person who’s willing to help you out. While you’re there, fill out
the online form to see if you can get someone to tell you who’s in
charge of the functional area within the specific division you want to
work with.
Start with a smaller, local office of the big company—even if it’s not
in your backyard. They’re often more willing to help you out than
large corporate offices.
No matter whom you’re talking to, it’s imperative to get some basic
information before being transferred. In Cold Calling for Women, Wendy
Weiss suggests you use these magic words: “Before you connect me
(pause), I need to reach (give title). Who is that, please?”
Speaking from experience, I can assure you that this phrase will save
you from much embarrassment. More than once I’ve been sent to the right
buyer but didn’t have a clue who she or he was. Now, if at all possible, I
always get the following information right away:
“Hey Bob. Jill Konrath calling. I hear you’re the Go-To Guy in your
company. Sally Smith from your local sales office says you know
everything! I have a quick question and I’m stumped. Please, please
can you help me!”
Your own clarity in defining the decision maker you want to reach is
essential for the best results. Use the following parameters in your
definition: position, responsibility, problem or goal.
If at all possible, avoid contacting the human resources or purchasing
departments. Decisions are typically made elsewhere in the
organization and implemented by these price-sensitive groups.
LinkedIn and other online databases are invaluable resources for
uncovering initial connections in a big company.
The phone is also a productive tool for finding decision makers who
are buried inside a corporation. Plus you can uncover lots of valuable
information as you conduct your search.
When you’re contacting companies to locate decision makers’ names,
don’t sell. Keep yourself in the information-gathering mode.
11. STOP WAITING FOR DECISION
MAKERS TO CALL YOU BACK
It takes a while to locate decision makers in big companies. So when
you finally hone in on just the right person, you’re more than ready to get
together. But you’re also probably filled with tons of angst.
Wanting to sound professional but not anxious or overeager, you wrestle
to find just the right words to say to this decision maker. Screw up what you
say and you’ve blown your big chance. Nothing could be worse, especially
because you invested so much time and effort to get to this point.
When you finally can’t avoid this onerous task any longer, you pick up
the phone and call. Of course you end up getting voice mail. So you blurt
out your message the best you can, all the while thinking, “I hate
prostituting myself like this. It feels like I’m begging.”
Then you wait. And wait. But nobody calls you back. Doubt begins
creeping in. You start thinking, “I’ll never get in. Why would they want to
work with me anyway?”
Perhaps you silently curse those rude people who work for big
companies; if they had any manners at all, they’d return your phone calls.
After all, you were respectful and pleasant to them. Maybe you blame your
own company too for its poor marketing, ineffective lead generation efforts,
or lack of advertising.
How long has it been since you left that message? A week now? Two
weeks? Well, you can stop holding your breath right now because the
chances that you’ll get a return call from the decision maker are slim to
none.
It doesn’t matter that you spent countless hours researching the
company, crafting a powerful value proposition and agonizing over the
exact words you’d use in your message. It doesn’t matter if a friend or
colleague referred you.
The person you’re trying to reach is swamped. Your phone call was just
another unwanted interruption in an already overloaded day. So what can
you do to penetrate their consciousness and show up on their radar screen?
WHY YOU NEED AN ACCOUNT ENTRY CAMPAIGN
To get into a big company today, you need to put together a strong
account entry campaign from the very start. A single call just isn’t enough.
You need to plan on seven to ten contacts before you get your foot in the
door. This doesn’t mean calling someone and leaving the exact same
message every single time. If that’s your approach, you’ll be perceived as
an irritating pest and never get a meeting.
Instead, you craft a multifaceted campaign that includes phone calls, e-
mails, mailings, and faxes. Use your research on the big company as your
starting point. As you plan your campaign, review what you’ve learned
about their:
Don’t dump all your “goodies” on the table the first time you contact
someone. You may think it really impresses them, but in reality they
become overwhelmed and shut down. Worse yet, you don’t have a good
reason to get back with them anymore.
BREAK THROUGH THE MARKETING CLUTTER
Despite the fact that you’ve invested hours thinking about this particular
decision maker, he or she has not spent one single solitary moment thinking
about you. From his or her perspective, you don’t exist. You’re a voice mail
that’s easily deleted and immediately forgotten. To change this response,
two things have to happen:
1. You need to carefully craft a variety of sales tools that focus on how
you help your prospect’s business.
2. You need to develop a well-planned account entry campaign to roll out
your customer-centric messages.
Believe it or not, one of the best things about this process is that it takes
the pressure off because you don’t expect yourself to get immediate results.
Instead, you know that you’re establishing a relationship over time that
demonstrates your value to their business. As you plan the campaign, focus
on how to provide value and service, not “how to sell something today.”
This is how people who are successful selling to big companies think.
Remember, decision makers could care less about your product or service—
only the difference it can make!
In the last chapter, I shared how it took me seven phone calls to locate
the decision maker in a local high-tech firm. Once I found his name, it took
me another eight contacts to finally connect with him.
Below are the contacts I made over a two-month period and what I did
on each one.
These are the basics—the “don’t leave home without them” items. The
following chapters will deal with each of them in more depth.
Because you need multiple contacts in your account entry campaign, it’s
a good idea to have more items in your tool kit. Here are some ideas that
have proven effective for others:
Please notice, handwritten notes and cards are not part of your account
entry tool kit. They’re relationship-building gestures that are “nice” but
don’t open the doors of the corporate decision maker. They work better
after you get in.
Also, many of these items in your tool kit can be delivered via multiple
mediums. They can be sent in a letter, e-mailed, faxed, sent by private
delivery service such as FedEx, couriered, or delivered by hand. In your
account entry campaign, you want to use a variety of methods to keep your
message fresh.
IMPLEMENT YOUR ACCOUNT ENTRY CAMPAIGN
How does your campaign all flow together? Truthfully, there’s no right
or wrong way to make it happen. You can start with a phone call, a letter, or
an e-mail. It doesn’t matter. What counts is that your value proposition is
conveyed in such an enticing manner that, after a few contacts, your
prospects want to clear their schedule to meet with you.
Study This Campaign Case Study
To start with, she created a nine-touch program that began with either a
phone call or a letter. If she sent a letter, it focused on a current event at the
prospect’s company and how doing business with her firm could improve
the result. The letter was hand-addressed and sent first class or FedExed to
increase the chances of being opened.
In the letter Terry committed to following up at a specific date and time,
which she always did. Yet nine out of ten times she was sent to voice mail,
where she left a compelling message that ended with a request to talk.
About two weeks later she followed up with an interesting article, sample
proposal, or white paper sent in a mailing tube (because mailing tubes get
opened faster than envelopes). Then she contacted the prospect by phone
again.
Over the course of the next 12 weeks Terry identified six additional
ways to contact the prospective client. Sometimes it was a phone call to talk
about something she discovered about the account. Other times it was an
interesting industry story she came across or a product special. After 90
days and nine contacts, the prospects would be retired to generic marketing,
although she would never completely lose touch with these firms.
Whenever she runs across something she thinks would be of interest to a
specific prospect, she plans to keep in touch despite their not having shown
any interest in her offering yet.
When I last talked to Terry, her firm had already landed a few new
corporate clients and they were engaged in serious discussions with a few
others. She’d also shared her strategy with several other business colleagues
from different industries who were realizing very positive results as well.
Gear Up for Your Own Campaign
Don’t make one call and wait for the decision maker to phone you
back. In today’s business environment, that callback just doesn’t
happen.
To break through the marketing clutter and get noticed by decision
makers, a well-planned account entry campaign is essential.
Well-crafted account entry campaigns share the value of working with
your firm and demonstrate your firm’s expertise over multiple
contacts.
Critical must-have items in your account entry tool kit include voice
mail scripts, telephone scripts for speaking with a decision maker,
guidelines on handling obstacles, and sample letters.
Plan on eight to twelve contacts to develop name recognition, capture
your prospect’s attention, and, ultimately, get your foot in the door.
To increase your own productivity, develop your entire campaign
before you kick it off. That way, instead of having to stop and think
about what you do with each contact, you can just implement it at the
desired intervals.
12. CREATE ENTICING VOICE MAIL
MESSAGES
Voice mail is a fact of life today. Whether you like it or not is irrelevant.
If your livelihood depends on getting into big companies, it’s imperative to
learn how to use it to your advantage. What most sellers don’t realize is that
voice mail is an incredible tool. Because most decision makers let
unrecognized callers roll into voice mail, you have an opportunity to leave a
message just for them.
But will they listen? The answer is: it’s entirely up to you. If you craft a
tight personalized message targeted right to their needs, they will. A good
voice mail differentiates you from all the other sellers vying for time on
their calendar. Decision makers might not call you back right away or even
at all, but you’ll register with them. If you keep on implementing your
account entry campaign, you’ll ultimately get in.
It amazes me how many people still tell you to never, ever leave a voice
mail message. They say, “Call in the early morning or after everyone
leaves. That’s when decision makers answer their own phones.” That may
be true, but if you’ve already left an enticing message, those same decision
makers will be much more receptive to talking with you.
TOSS OUT THE TRITE AND TRADITIONAL
If you’re like most sellers, when you leave a voice mail, it probably
follows the following format:
Introduction Hello, Mr./Ms. Prospect. This is (your name) calling.
I’m a (your position) with (your company).
Company Overview We make/do (f ill in the blank). Our product/
service is (self-serving adjectives) and (self-promoting puffery).
Reason for Call I’d love to set up a time to find out a bit more about
your needs in this area and tell you more about our new offerings.
Gracious Close Please call me at your earliest convenience to set up
a time to get together. I look forward to meeting with you. My number
is . . .
What’s wrong with the message? Despite the caller’s intent to be
courteous and informative, it sounds like a salesperson, plain and simple.
Every single day decision makers hear this same message, usually with only
minor variations, from a multitude of vendors.
You may have learned once that this was the proper way to leave voice
mails. But the world has changed and today decision makers delete
messages such as this within seconds. They aren’t interested in a pitch
about your company, product, or service. They’re only interested in how
you can make a difference in their business. That’s why these tired, trite
telephone scripts need to be retired.
WHAT’S ENTICING TO CORPORATE DECISION MAKERS?
Being enticing is about arousing the curiosity of prospective decision
makers; it’s about saying something that piques their interest and makes
them want to learn more.
To come up with an enticing voice mail, you need to put a good amount
of thought into it. There’s no way around it. Provocative, alluring, and
brilliant statements don’t just naturally flow out of your mouth when it’s
time to leave a message.
You have to think like a decision maker too. What are they interested in
learning more about? Here are some ideas to stimulate your thinking.
Business Results
Information
industry trends,
their customers,
the marketplace,
other areas of their own company,
their competitors, and
new technology.
Ideas
Your Referrals: If you have a referral of any sort, this is the time to use
it. You might say,
“I saw in the Wall Street Journal that your firm’s number one business
priority in the upcoming year is . . . ”
“In reviewing your company’s Web site and marketing collateral, it
became apparent to me that a critical issue you’re facing is . . . ”
2. Pique Curiosity. After reviewing what you know about your targeted
big companies, determine what would pique their interest the most.
“Over the past month, I’ve invested a great deal of time studying your
Web site and what you’re trying to accomplish with it. Based on my
analysis, I have some interesting ideas regarding how you could leverage it
to create additional revenue opportunities.”
“I’ve been following your firm closely for the past six months
because of its merger with Beta Industries. After hearing about your
recent round of layoffs, I have some ideas that I’d like to share with
you regarding how you can reduce the risks of potential legal action.”
When you leave a voice mail, don’t tell your customers everything.
Tell them only enough to make them eager to learn more.
“If you’d like to find out how (well-known firm) utilized similar
ideas to gain significant market share, you can reach me at . . . I look
forward to getting together.”
Notice how different this message sounds. Martha gets right down to
business. She conveys an impression of being knowledgeable and
competent. She communicates a strong value proposition and then closes
with confidence.
After #2. Because you’re going to have to call back, you might as well
plan your second and third message from the get-go. Here is an example of
the follow-up call we developed:
“Bob. Martha Johnson from Absolute Relocation again. As I said in my
previous message, I’ve been researching your firm and have some ideas on
how you can significantly reduce relocation costs without impacting
services.
“Right now I’m helping one client save $¹⁄₂ million annually at the
same time they’re getting more services—and they only relocate 40
people per year. That’s money you’re spending that can drop right to
the bottom line. Let’s set up a time to talk. Again, this is Martha at . . .
”
While you might love sharing wonderful words that describe your
company, products, or services, they make you sound like a pushy
salesperson. To avoid using this self-promoting puffery, remember to do the
following with your voice mails:
Cross out all adjectives and adverbs. Prospective buyers think you use
words like “robust,” “one-stop,” and “leading edge” only because
you’re trying to “sell” them something. By leaving words such as these
in, your credibility actually decreases.
Omit those cute slogans describing your company. Customers could
care less if you’re known as the “Guardians of the Night” or if your tag
line is “Quantum Leaps to Extraordinary Results.” They’re a complete
waste of words.
After writing your voice mail script, read it out loud. You’ll be amazed
at how differently it sounds when spoken. While your grammar teacher
might be impressed with your eloquence, it doesn’t work if you’re trying to
leave enticing messages. Make sure you:
Use contractions. It’s how people talk naturally. If you say “are not” or
“let us,” you sound stilted. Your goal is to sound normal, not scripted.
Replace pretentious words. Only use words that you’d say in everyday
conversation. For example, use (not utilize) “talk” instead of
“dialogue” and “help” instead of “facilitate.”
Drop all company jargon. Forget using acronyms unless the whole
world knows them.
Get rid of any worn-out closes. Cross out phrases such as: “I’ll be in
your area next week and could stop by . . .” or “Can you think of a
reason we shouldn’t meet to talk more?”
Just because you think your voice mail is ready for prime time doesn’t
mean it is. You need to conduct a hearing test. Why? Because it’s not what
you say that’s important, it’s what your customer hears.
So get on the phone, call your own number, and leave yourself the exact
voice mail you’re planning to use for a customer. Then call yourself back
and see how you sound. The first time you hear yourself, you’ll be appalled
at how boring, dry, or nasal your voice sounds. Expect that.
Then call a second time and listen as your customer. Ask yourself,
“How does it hear?” Play it again. If you’d call yourself back, you have a
winner. If you wouldn’t, go back to the drawing board and fix it. Figure out
what to change so you don’t sound like an overzealous pitchman, a boring
drone, or groveling salesperson.
Revise and Review
Once I struggled for over a week with a message for the vice president
of sales in an account I’d been following for quite a while. Suddenly a
trigger event occurred that created tons of opportunity for my company. To
get Mr. Bigshot’s attention, I needed to create a strong link between his
critical business issues and my offering.
No, I didn’t work all day on it, but I was constantly turning it over in my
mind trying to figure out what would be enticing. In between client
meetings, I’d tweak my approach or find a new way to say what I meant. I
must have called myself dozens of times and anguished over how dreadful
my message sounded. But then suddenly, out of the ashes and rubble, a
good script finally emerged. The difference was immediately apparent; it
clicked.
Sometimes you have to try your script out on real prospects first to get a
sense of what works or what doesn’t. Don’t worry about getting it perfect
because it never is. Get it as close as you can, try it out, make more
changes, and try it again. When your voice mail script is a winner, you’re
on your way to getting your foot in the door. Your follow-up messages
almost seem to write themselves once you get the first message nailed
down.
Worry about Content First and Style Second
Names. Does the person call herself Kate, Katie, Kathryn, or Ms.
Pronounced? Make sure you pay attention to how to say the decision
maker’s name too because you don’t want to botch it when you call.
Pacing. Matching a person’s pacing is a quick way to make someone
feel comfortable with you. If they speak slowly and distinctly, do the
same. If they speak rapidly, pick up your pace.
Intensity. Some people sound quiet; others exude energy. To increase
their comfort level with you, mirror their intensity as best you can.
I’ll never forget one customer of mine who was probably as unlike me
as anyone could possibly be. He talked so slowly and deliberately that a
conversation with him was painful for me. Literally. Whenever I talked with
him, I needed to get into a near-comatose state in order not to totally bowl
him over. But it worked; Don felt comfortable with me and my business
with his firm grew.
Try to Sound Human
Last, but certainly not least, you have your own personality that
absolutely needs to be incorporated into everything you do. You are not a
drone or a clone. You’re a unique human being with your own style.
While I firmly believe that you need to have a strong business message
in your account entry campaign, your individuality needs to shine through
as well. One of the most natural ways to become human to a prospective
client is to have a sense of humor about yourself and the situation.
The best time to do this is in your follow-up calls. After a couple rounds
of voice mail, you’re probably getting a little frustrated. That’s normal.
Think about how you might respond in a humorous manner to someone
who doesn’t call you back after you’d tried to reach him several times.
I’ve had a lot of fun approaching follow-up calls this way. For example,
I’ve said this to my prospects in a teasing manner:
“Terry. Jill Konrath calling again—for the third time. I know most
people aren’t foolish enough to keep calling someone back who never
picks up the phone.
“I’ve got some ideas that can help you out. Let’s get together soon.
My number is . . . ”
For the best results, get a colleague involved to give you an outside
opinion. Prior to starting, give her an overview of your customer’s business
and their needs. Ask her to imagine that she’s just returned to her desk after
a three-hour meeting and has 20 minutes before an important conference
call. When she checks her voice mail, she hears, “You have nine new
messages.” Yours is the seventh one in the queue. She’s busy and doesn’t
have time to waste on self-serving salespeople.
Tell her you need feedback about how your message sounds. Ask her to
be brutally honest since that’s the only way you’ll learn if your message
breaks through all the clutter. When she’s done listening, ask her to answer
the questions on the next page with her initial and immediate reactions.
Customers don’t pontificate about your message. They make snap decisions
to either listen to your message or delete it. That’s what you need to know.
Take the Customer Hearing Test
Tell your colleague that if she agrees with the questions on the next
page, she should make a check in the space provided. If she doesn’t agree,
she should leave the space blank.
These are exactly the same things you need to do with your voice mail
messages. All the work you’ve done so far can be used in your
correspondence too. No more research either. You’ve already done that;
recreating the wheel isn’t necessary.
WHAT’S WRONG WITH THIS LETTER?
Your challenge is to use the information you’ve uncovered to craft a
letter that acts like a magnet. When prospective buyers read it, they should
instantly want to know more. Yet most correspondence falls miserably short
of achieving the seller’s desired objective.
On the following page is an example of a typical sales letter. See if you
can identify what’s wrong with it as you read.
JumpStart
Product Launch Services
Dear Mr. Prospect,
I would welcome the chance to discuss your product launch needs with
you to see if some opportunities exist for us to assist you. If we can be
of service to you in any way, please call me at (651) xxx-xxxx. The
first hour of consultation is free and I would be delighted to hear from
you.
Sincerely yours,
Chris
Chris Alstead
JumpStart Product Launch Services
If you’re like most people who read this letter, you probably think it
sounds pretty good. It may even look pretty similar to your own best efforts.
But it’s not effective, and that’s the only thing that matters. Here’s an
analysis.
The Opening Isn’t Customized
Letters need to capture a prospect’s attention right away. This one starts
with a question—which can be a great way to draw people in.
Unfortunately, the question isn’t tailored to this particular prospect’s
business situation. Then the text that follows sounds like it came from a
brochure or magazine article.
This opening leads the reader to believe the seller hasn’t invested one
iota of time understanding his business needs or concerns. He’s getting pure
boilerplate material—the same pabulum that’s being dished out to every
other prospective buyer in the world.
The Body Lacks Focus
In the second paragraph, the seller tries to impress the prospect with the
wide range of services her company offers. She’s also hoping that when her
prospect reads it, he’ll find something in the laundry list that he needs right
now, thus opening the door for her. Instead of helping her accomplish her
desired outcome, it actually detracts from it. Her firm looks like it lacks
focus and expertise; she looks like she’s groping in the dark for business.
The third paragraph is the seller’s attempt to differentiate her company
from other available alternatives out there. While she thinks her comments
on working with a “variety of clients” enhance her position, her prospect
feels very differently. He wants to work with someone who knows his
business, a company he doesn’t have to bring up to speed. The seller is also
trying to impress the prospect with what a wonderful company she works
for, but her reader writes it all off as self-serving hyperbole, thus
diminishing her in his eyes.
The Close Is Weak
While trying to be gracious, the seller has just made herself sound like
every other salesperson. While she would “welcome” a chance to get
together and be of “service,” she’s given him no reason to take time from
his busy schedule. She’s the only one who gets value from the meeting.
Then because she doesn’t want to be “pushy,” the seller invites the
prospect to call her. Following up is her responsibility, not his. To offload
this task to him is unprofessional—as is her offer to give away an hour of
time at this point. This does not incentivize a corporate decision maker.
Time is what’s lacking in his life; the last thing he wants to do is spend it
being “sold.”
She closes with the statement that she’d be “delighted” to hear from
him. I bet she would; it gives her an opportunity to sell. But does it make
her sound like a peer? No way. She sounds like a person who would be
grateful for a meager spot of his time. Finally, she throws in the brochure as
a last ditch hope that he’ll find something in it he likes and give her a call.
Unfortunately, it’s going right into the garbage can.
There, you’ve seen it. A beautifully crafted sales letter torn to shreds.
After all the effort was put into creating this “masterpiece,” you’d certainly
hope for better feedback and stellar results.
Unfortunately, the seller has fallen into exactly the same trap that leads
to such lousy voice mails. Instead of focusing on her customer, it’s all about
me, me, me. In her letter, she never mentioned what she knew about the
client—even though she may have invested hours learning about his
business. Her value proposition has disappeared, and she’s clearly forgotten
the language of business.
WHAT MAKES THIS LETTER WORTH READING?
To write an effective letter for your account entry campaign, forget all
that old garbage that clutters your mind about good sales letters. Everything
you learned is passé and doesn’t work anymore. Creating an effective letter
is very similar to crafting your voice mail script. They build on each other
and integrate the same message.
JumpStart
Product Launch Services
Dear Mr. Prospect,
With your company’s recent spin-off from Galaxy, Inc., the success of
your new product line is imperative. Miss your forecast and Wall
Street will be all over you. There’s no room for error.
I’ll call you next Tuesday at 7:45 AM to set up a time when we can get
together.
Sincerely yours,
Chris
Chris Alstead
JumpStart Product Launch Services
Take a look at another letter from the exact same seller on the previous
page. Her offering is identical, but how she talks about it is fundamentally
different.
If you were the vice president of sales, which letter would attract your
attention? Same company, same offering. But if you received the first letter,
you wouldn’t have a clue what difference the seller’s firm could make for
your business. Let’s take a closer look at what makes the second letter so
strong and effective.
The Opening Hooks the Reader
From the very first sentence, it’s clear the seller knows what’s
happening in the decision maker’s world. The company has spun off from
its parent firm and Wall Street is watching. Also, the seller is well aware
that new products are v ital to the success of this firm. The decision maker
is hooked right away.
The Body Highlights Outcomes
To wrap up this letter, the seller summarizes the value she can bring.
Then she suggests getting together in a manner that makes it clear she is
bringing something worthwhile to the meeting. She’s not a hopeful seller,
grateful for a chance to meet the almighty corporate buyer. She brings value
herself.
Her last sentence clarifies exactly when she will follow up to set up this
meeting. It’s short and to the point, increasing the likelihood that her
prospect will take her call. Also, it’s easier to catch prospects prior to
meetings in the morning, before or after the lunch hour, very late in the
afternoon, or even after hours.
This last letter works. Decision makers in big companies would pay
attention to it. Guaranteed. They still might not pick up the phone to call
you back, and it’s still hard to catch them at their desk. But you’re on their
radar screen now. Follow up with another phone call or send over a relevant
article. It’s just a matter of time before you connect and get your initial
meeting set up. And remember, the appointment may be in person or over
the phone; it doesn’t matter—just so long as it advances the sales process.
HOW TO WRITE CUSTOMER-ATTRACTING LETTERS
As a baseline, let me say, “No Typos.” I’d like to believe that’s self-
evident, but experience tells me otherwise. Spell check and grammar check
every single letter that goes out with your name on it. Have someone else
read it too. It’s awfully embarrassing if you have “manger” instead of
“manager” or “asses” instead of “assets.” Plus, make sure you spell
everyone’s name right.
In case you’re wondering if you should use first names or not, there’s no
hard and fast rule. In the United States, using someone’s first name is
commonplace and very acceptable. However, if you’re not comfortable
using first names, don’t. In other countries, it’s often totally unacceptable to
use proper names in addressing someone you don’t know—even in a letter.
Check with your peers or colleagues to make your decision. Go with the
cultural norms.
Here’s what you need to remember when you write letters as part of
your account entry campaign.
Do
Don’t
Make sure you avoid these problem areas when you write your
customer-enticing letters:
Dear Jill,
• Focus groups
• Surveys
• Brand identity packages
• Brand development research
• Market share studies
• Marketing planning
• (13 more were actually listed)
Sincerely,
Jose Montinerro
referencing a referral,
noting the research you’ve conducted, and
mentioning a trigger event.
Bob,
Congratulations on the new radio station. It’s a great concept and much
needed here in the Twin Cities.
I have an idea for a show that fills a gap in your programming and
would be of high interest to the management teams of these
companies.
Regards,
Jill Konrath
This 85-word e-mail elicited a response in less than 24 hours. His e-mail
back to me was terse, but it opened the door. It simply said: “Talk to Wendy,
my program director.” Bob copied her on this e-mail as well. Within a
week, I was sitting in her office discussing the concept. For a variety of
reasons, my show concept never turned into reality, but I did get my foot in
the door.
Why did my e-mail work? The opening showed I was up to date on
what was happening at his company. The second paragraph demonstrated
that I had done my homework. The third paragraph piqued his interest with
an idea. And the final paragraph was a simple call to action—did he want to
learn more?
On the next page is another example of an e-mail message that works.
This e-mail captures the reader’s attention with a referral and then
immediately focuses on the issues facing the prospective customer.
Credibility is enhanced by the reference to the company’s press release and
connecting it to relevant business outcomes.
At the end, the seller closes by graciously giving the reader a simple
choice of “yes” or “no.” It’s a simple, nonmanipulative way to interact with
corporate decision makers. By being nonmanipulative, if you find yourself
talking to the wrong person, it’s easy to get referred to the right one.
John,
Cory Stanton suggested that I get in touch with you regarding waste
reduction in your firm.
I noticed in the recent second-quarter press release that your CEO said
improving operational efficiency was critical this year. In working with
our clients, we typically reduce waste by a minimum of 1 percent to 2
percent.
I’m not sure of the status of your firm’s waste reduction initiatives, but
if this is of interest, let’s set up a time to talk.
Sincerely,
Lane
SIG file
P.S. If you’re not the one responsible for this, could you please let me
know who I should be contacting?
What’s most important to remember is that you are not selling your
products, services, or solutions. Don’t mention them in your
correspondence with potential clients. Focus only on their business, their
issues, and their needs.
Be careful. Old habits die hard, and, if you’re like most people, you love
to tell about your product, service, or solution. Before you know it, you’re
doing it again in an e-mail. Stop, stop, stop! Selling is not about telling the
world how wonderful your offering is. It’s about helping customers achieve
their business objectives. Always keep your focus there.
SELECT ENTICING SUBJECT LINES
Effective e-mails start out with an enticing subject line. When your
prospective customers scan the contents of their inbox, you want your
message to jump out at them and to say, “Read me!”
Many sellers think it’s a good idea to put their company name or
product offering on the subject line. Nothing could be further from the truth.
Decision makers from big companies don’t have extra time in their
schedule to read what appears to be a sales pitch. These types of e-mails are
deleted unopened.
So what entices them to look at your e-mail? A referral works extremely
well if you’re fortunate enough to have one. If the decision maker has no
idea who you are, mention the person who referred you in the subject line.
If you’ve read about an important trigger event, make note of that in your
subject line. Reference an idea you have or the business results your
customers realize. State that you need help or have a question.
Here are a variety of subject lines that you could adapt for your own e-
mail account entry campaigns.
Subject: Mary Jones suggested I give you a call
Subject: Quick question re: waste reduction initiative
Subject: Operational efficiency problems in plant
Subject: CEO’s office recommended I talk with you
Subject: Local tax incentives help firm’s expansion
Subject: Need help re: document management issues
Subject: Shrinking time-to-market on new product launch
Subject: Referred to you by Bob Smith in regional office
Subject: Impact of new legislation on your HR group
Subject: Increasing sales of Star seafood products
Subject: Programming idea for new radio station
Subject: How Goodies Restaurants cut absenteeism 34 percent
Please notice, with the exception of the referrals, the above subject lines
are all about what the customer is interested in, not about your offering.
Additionally, only the first word is capitalized unless proper names are
mentioned. Capping everything makes it look like a sales pitch.
Personalization is critical too. It shows corporate decision makers that
you’ve sought them out specifically and have information that can help
them eliminate problems or achieve their objectives.
Keep your e-mails conversational and short. In your initial contact, 100
words is more than enough. Ensure that each e-mail ends with something
the decision maker can do, if interested, to advance the process.
Finally, make sure all your contact information is included in your
signature (SIG) file. At minimum, this includes your full name, phone
number, and e-mail address. Otherwise, you may be seen as a slippery
character, and that’s not conducive to your sales efforts.
KEY POINTS
Prior to making any calls, set up your environment. Clear your desk so
you’re not distracted with anything else. Have your voice mail bullet points
close at hand as well as your plan for what you’ll talk about should
someone answer. You need their guidance to ensure that you cover the key
points and ask the right questions.
Make sure you have paper and a pen handy too. When you get someone
on the phone, take copious notes of everything that’s said. Taking notes is
essential. Your brain cannot possibly remember all the information that’s
shared with you.
Bunch Your Calls
Making one call here and another call there is a set-up for failure. Block
out a couple hours at a time to make these phone calls. This allows you to
get on a roll. Because it’s so hard to get started calling, once you’re at it you
might as well keep going. Plus you become more conversational and less
robotic when you get in the flow.
Make Low-Priority Calls First
If you do reach someone on the phone, what would you like to happen
next? It’s important to know before you begin, because you’ll want to
suggest the logical next step at the end of your conversation. You may want
to arrange a follow-up phone call with the decision maker, schedule a
meeting with him or her or get someone signed up for a Webinar. Just know
what you want before you begin.
Identify Key Words to Listen For
When you’re talking to a decision maker, listen for certain words that
indicate that there may be an opportunity for your offering. When I hear
these words, my ears always perk up:
Why? Because, despite the fact that decision makers may downplay the
severity of their concerns, it indicates that potential exists to get your foot in
the door. Every time you hear one of these words, you need to learn more
about what’s happening. Asking questions is the only way to get the
information you need.
Additionally, you want to listen for business trends that may not be
going in the most desirable direction. For example, stagnant sales or the late
introduction of a new product are things that drive my customers crazy.
Look back at your enabling conditions (Chapter 5) to identify those factors
that you need to be listening for when you talk to corporate decision
makers.
CREATE CONVERSATIONS, DON’T MAKE PITCHES
Think calm, cool, and collected. That’s how you want your presence to
feel on the other end of the line. You want these potential buyers to feel that
you:
They will never, ever, in a million years feel that way if you launch into
a pitch about your products or services. What you want to create is a
conversation with decision makers that doesn’t put them on the defensive.
Get Started
The last thing you want to do is to talk with someone who’s distracted.
Trying to engage people in a discussion when their mind is elsewhere is
totally pointless and inane. It’s also very self-absorbed thinking. Treat the
person you contact like a human being, not a prospect. If you were calling a
colleague, you would:
There are also phrases you need to avoid when you’re calling a
corporate decision maker. These comments get you in trouble nearly every
time. Make sure you never say:
“Thank you so much for taking my call. I really appreciate it.” This
statement makes you sound like you’re a little person not worthy of
this attention. It’s not how a peer talks.
“I’ll be brief. I know how busy you are.” This remark makes you
sound like what you have to talk about isn’t very important. You may
think it sounds respectful, but instead it diminishes you.
“How are you today?” Avoid using this question and other artificial
niceties to get a conversation started. You hate it when telemarketers
use these insincere and feeble attempts to warm you up. Don’t make
the same mistake.
“Can you help me out?” Don’t ask this question when you’re talking to
a person whom you know is a decision maker. This query is fine when
you’re searching for one, but totally inappropriate when you’re talking
to one. Why? Because the next thing you’ll do is ask who makes
decisions in this area, which immediately positions you as a seller!
mention the research and analysis you did prior to initiating contact;
reference the trigger event that you noticed, read about, and
researched; or
cite the work you’ve done with similar businesses in related market
segments.
Cardinal Rule
Never try to convince prospects that you have a great solution.
Instead, use questions to demonstrate your deep knowledge of
their most pressing business concerns.
With many prospects, you can sense that time is limited. After you’ve
piqued their interest and asked a few questions, you can tell they’re ready to
move on. If so, then it’s time to draw the conversation to a close.
But if busy corporate decision makers are willing to talk with you 5-10
minutes, that means they’re really interested. Truthfully, the only way you
keep them engaged is by talking about their business, their concerns, their
goals, and their challenges. Also feel free to share how you’re helping
related customers solve near-identical situations and the results they’ve
attained.
Don’t get into a product dump. The temptation can be great. In fact, it
may even overcome you. Before you know it, you’ll be talking about your
latest gizmo or incredible methodologies. Stay away from it.
Close Gently
When you feel like decision makers are interested, that’s a good time to
suggest the logical next step, the one you’ve determined prior to placing the
call. Here are several ways you can easily, gently advance the sales process:
“It sounds like what we do could potentially make a difference for your
organization. Let’s set up a time to get together to explore this in more
depth. Is there anyone else you think should be included in the meeting?”
“If your situation is like my other customers’, you could be spending
up to 39 percent more than you need to in this area. That’s big dollars
we’re talking about. How about scheduling a meeting with a few
others in your group who deal with this issue all the time so we can
find out?”
“With your company’s aggressive growth goals, it’s going to be a
challenge in the upcoming year. I have some ideas I’d like to share with you
that could help you get there—on time and within budget. Let’s set up a
follow-up phone call to talk about this when we both have more time.”
Notice how gentle these closing statements are. They simply reiterate a
valid business reason for getting together—on the phone or in person—and
suggest what could come next. It’s like you’re talking to a peer.
You’re probably thinking that this all sounds too low key to be effective.
Your perception of sales has been jaded by observing the very worst in this
profession, the manipulative hucksters who don’t get into big companies.
To be irresistible to corporate decision makers you simply need to keep
your focus on their business issues and challenges. It’s all about making a
difference for them.
KEY POINTS
Before you call, remind yourself that you have a valid business reason
for contacting this decision maker. Get grounded in the feeling that
what your firm offers truly does make a difference.
Call your lowest priority prospects first. This gives you a chance to
warm up, get in the groove, and make mistakes where it doesn’t count
as much.
Avoid speaking to a distracted decision maker. Find out right away if
your timing is bad, and, if so, suggest an alternative time.
Establish your credibility immediately. Show that you’ve done your
homework on the prospect’s company or have worked with similar
firms.
Have a conversation with decision makers. Engage them in a dialogue
by asking provocative, preplanned questions that pique their curiosity
and interest.
17. OVERCOME OBSTACLES, ELIMINATE
OBJECTIONS
Even when you’ve piqued the interest of prospective customers, they
still are extraordinarily busy human beings who protect their time zealously.
A minute wasted is one they’ll never get back. Consequently, they quickly
cut to the chase to determine if talking with you is a good investment of
their time.
If you’re unprepared for the common roadblocks, you get tripped up
and dismissed in short order. In truth, the decision maker’s comments or
objections aren’t the issue. The real problem is that you didn’t anticipate
them ahead of time and, thus, were caught off guard. Spur-of-the-moment
responses rarely work. And, in many cases, they actually create worse
problems for you.
As you already know, I’m a strong advocate of preparation. The sellers
who succeed in today’s marketplace think things through before they act.
They leave little to chance. Because it’s relatively easy to anticipate a
corporate decision maker’s likely responses, you have absolutely no reason
to ever be caught in this situation again.
STOP CREATING CUSTOMER OBJECTIONS
By following the guidelines in the previous chapter, you set the stage
for a positive and interactive discussion. Your value proposition and focus
on business results intrigued your prospective customer. It’s a good sign
when they say:
Unfortunately, when most people hear those words, they believe they’ve
been given a license to launch into a pitch, a dreadful and highly contagious
mistake made frequently by sellers. On the other end of the phone line, the
corporate decision maker rapidly shuts down, thinking: “Another typical
self-serving salesperson. How can I quickly get myself out of this mess?”
The moment you pause for a breath, your prospect throws out the
zinger, “How much does it cost?”
Gulp! Like nearly all sellers, that’s the question you dread the most.
Now you’re on the defensive because you don’t sell the cheapest product,
service, or solution in town. You don’t want to give out pricing yet, but
there you are: stuck, forced to talk about how much it costs before you even
understand their needs. In short, you’ve dug your own grave.
So how do you tackle questions like “What does your company do?” By
focusing on the problem and the issues instead of what you sell. When my
business was focused on new product launches, here’s how I responded to
the prospect’s “tell me more” request:
“In most organizations, communication between marketing and sales is
sorely lacking at launch time. It’s like they’re in different worlds. When
marketing throws the new product over the wall to the sales force, they
forget to toss over the tools that the salespeople need to shorten their sales
cycles and keep them in the field selling.
“Despite the high hopes everyone had for the new product, before
too long it’s pretty evident that the launch goals won’t be met.
“So, what do we do? We work in the gap between marketing and
sales to create the tools and to prepare the sales organization for
making highly effective sales calls.
“Let me ask you a question: What are the biggest challenges you’re
facing in introducing new products to the marketplace?”
Notice that this description never once talks about the offering. It really
expands on the problem, thus building credibility. Finally, when you end
your over view, don’t wait in silence for your prospect’s next question.
Have one of your own ready to ask—a question that focuses the attention
back on their needs, their issues, and their concerns.
Your challenge right now is to write your own response out on paper.
Again, focus on the problems you solve, the gaps you close, and the
difficulties you overcome in helping prospects achieve their objectives.
Don’t mention any products by name. Instead, talk about your technology,
tools, or processes.
Read your proposed response to your colleagues or share it with friends.
Ask them: If I said this to you, how likely would you be to ask me the price
or to try to get me off the phone? This is one more thing you need to fine-
tune, but it’s worth doing because you won’t be creating your own
obstacles. No one likes to run into roadblocks they built themselves!
DEAL WITH THE REALLY TOUGH OBJECTIONS AND
OBSTACLES
Always focus on getting rid of the stumbling blocks before they happen
rather than recovering from them after they occur. An ounce of prevention
is certainly worth a pound of cure.
Prospective customers have a few tried-and-true brush-offs they use to
avoid change of any sort. As has already been explained, most brushoffs
occur because the seller teed them up somehow. If you find yourself
running into these obstacles and objections time and time again, change
what you say. Otherwise you’ll keep setting your own traps and falling right
into them. Here’s how you can handle the most common ones you’ll run
into.
We’re Happy with Our Current Vendor, Services, or Solution
Provider
Of course they are. If they weren’t, they’d have already switched. While
this is the most common obstacle you’ll encounter, you, like most sellers,
are usually unprepared for it. Wanting to learn more, you might ask:
None of these questions are effective. They just dig you a deeper hole as
prospects reiterate why they don’t want to change. The final question
appeals only to price shoppers—not most people’s idea of a perfect client.
Most likely you created this obstacle by positioning yourself as a
“seller” of specific products or services. They can only say they’re happy
with their present supplier, if you tell them what you sell. It’s clear that you
brought up your offering too early.
Before you contact the corporate decision maker, poke around the
account to figure out who their current service or product supplier is. Then
think about how you might slip in under their radar screen by going after
only a small piece of the business. Where might your competitor be weak?
Less effective? Snoozing on the job? Expand your thinking to determine
possible business problems and their resulting implications.
Then when you call up that very same prospect, you can say, “I’ve been
studying your business . . . In my research I learned that . . . I have some
ideas I’d like to discuss with you about how we could (solve a problem or
achieve a goal).”
When you use this approach, it’s virtually impossible to get the “We’re
happy” response. It also works well for the “We’re not interested in new
vendors” or “We don’t need any” objections.
What Are You Selling?
Ouch! When you hear this question, rest assured you’ve sounded like
every other poorly trained seller on the planet. This question is an
immediate customer reaction to a typical product-focused sales
representative “spiel.” The reaction is difficult to overcome because the
prospects already have put you in the category of a schlocky salesperson
who just wants their money. To avoid this trap, rethink what you say at the
beginning of the call.
Is recovery possible? Only if you can return the focus to their issues,
challenges, goals, initiatives, and bottlenecks. Your quick response needs to
be like these:
Once again, by using the guidelines in the previous chapter you could
have averted this entire problem. As a seller, you have a choice: figure out
how to prevent the problem or be constantly tap dancing around while
trying to get off the defensive.
BRUSH OFF YOUR PROSPECT’S BRUSH-OFFS
Discussed below are a number of other common obstacles sellers run
into—sometimes because saying them is the nature of the buyer and
sometimes because they’re true. You need to be prepared to address them or
else your sales efforts will be quickly derailed.
Send Me a Brochure
When you hear this, know that you’re dealing with really nice people.
They don’t want to hurt your feelings by telling you to “buzz off,” so they
feign a modicum of interest. However, most have absolutely no intention of
doing anything with your brochure other than throwing it right into the
wastebasket.
Prospects ask for brochures only when you have initiated the
conversation by talking about your product or service. That’s why it’s
critical that you start off by focusing on solving your customer’s business
problems or helping them achieve their goals. Then this issue disappears
completely.
How can you recover? Be honest and upfront. Say this:
“When there are so many possible ways to address your current
situation, brochures are essentially meaningless. Based on my experience,
the only way to know if there’s a fit between what we offer and your needs
is to investigate things more.
“What I can tell you is this: When we worked with Jetstream
Services, we were able to improve their operational efficiency 64
percent in less than six months. This enabled them to significantly
reduce the cost of goods sold. If you’d like to learn what it would take
to achieve similar results, we should set up a time to talk.”
“Diane, you know as well as I do that six months from now nothing
will be different. You’ll still have way too much to do without nearly
enough time or resources to get it all done. That’s why we need to talk
sooner rather than later. Right now your company is pouring money on
this problem with little to show for it. I have some ideas on how to
eliminate redundancies in your workflow that can make a big
difference almost immediately. How about we get together sometime
in the next couple of weeks? It’ll be worth your time.”
The only sellers who run into this obstacle are from fairly well-known
firms. Plus, it’s based on perception, not reality. Think for a second, though,
about why it came up. Is it possible that you were talking about your
products or services too soon again? Of course it is; they caught you!
If you talked about issues like the high cost of employee turnover or
knocking six months off their product development cycle, you’d never hear
this objection. By making the changes in your opening remarks, you’ll find
that this comment disappears.
Feel free to treat this obstacle humorously. It’s simply intended to get
you off the phone and has no other meaning. So you might respond,
“Depends on what you’re trying to accomplish” or “Compared to what?”
After listening to their response, redirect the conversation to a focus on
business issues.
You’ve Got Five Minutes Now—Talk
Buyers who say this have always been the most difficult for me because
I prefer establishing a connection first. However, they give you no choice.
Their challenge forces you to “net it out” or get hung up on. In a panic,
most sellers blurt out a quick summary of their product or service. This
reaction invariably leads to a response of “We’re not interested.”
Don’t be cowed by these abrupt buyers who are often trying to
intimidate you. Instead, go back to virtually the same response you planned
to use when a prospect said, “Tell me more.” Avoid talking about your
offering or capabilities. Focus your comments on the business problems that
you solve for your customers and the results you deliver. You may even
want to give an over view of how you’ve helped a specific client. Tell how
they handled things before you worked with them, the business issues you
addressed, and how you helped them achieve their goals. If possible,
highlight statistics, time frames, dollar savings, and more.
After you share this information, don’t wait to see what they say. These
people respect sellers who are direct and can hold their own. Throw out a
question that forces them to think rather than a question requiring a yes or
no response. You might ask, “How big an issue is that for you?” or “How
are you handling these problems?” Alternatively, you can boldly go for the
close: “I know your company is dealing with the same type of issues. That’s
why I’m calling to set up a time to get together. When will it work on your
calendar?”
There’s No Money in the Budget
The truth of the matter is that there’s never enough money for
everything your prospect needs. Even if something is budgeted, it can easily
be chopped when something else takes precedence. Finally, you need to
realize that it’s your job to help your customers get money in the budget for
your offering. Knowing that, you might choose to respond as follows:
“No one ever has enough money in their budget, Gwen. But as I
mentioned earlier, we helped a high tech firm just like yours shrink their
feasibility studies from two months down to five days. The orders lost to
delays dropped to zero, resulting in millions of dollars in additional sales
revenue.
“These kinds of projects are virtually self-funding and pay for
themselves within the budgetary cycle. Let’s get together to talk now
about how we can help your firm in this area.”
Once again, you can only feel confident saying this if you know that
what you offer makes a difference to your customers. You won’t know if
you don’t ask.
Sometimes there truly isn’t money in the budget for this fiscal year.
Nothing you can say or do will change it. If that’s the case, you need to
meet the decision maker before the budget is set to ensure it gets included.
Here’s how you might address this for the next year:
“From working with other big companies like yours, I know that
budgets are determined four to six months prior to the end of the year. I also
know that our solutions have a strong return on investment (ROI). As I said
in my letter to you, some of our clients have increased Web site conversion
ratios by 267 percent in just three months.
“Let’s get together to see if what we do is a good fit for your
company. Then, if it makes sense, you can include it in your budget for
the upcoming year.”
Understanding your value proposition from the core of your being gives
you the strength to deal with these obstacles.
We Have a Long-Term Contract with Our Supplier
This brush-off puts you in a real catch-22 unless you understand what’s
going on. To get on this list, someone needs to champion your inclusion.
The company won’t consider adding you unless a request is made. The only
way to deal with this one is head-on. You might say:
Never lie or jade the truth. While this seems obvious, it’s amazing how
many people use the “Ms. Bigshot said I needed to talk with your
boss” line when they’ve simply been referred there to get a question
answered. When the truth ultimately surfaces, the seller’s integrity is
always diminished.
Never use intimidation tactics. Some sellers treat the gatekeeper like a
peon to be dismissed. They may say, “This is a matter of importance
that can only be discussed with Mr. Biggie. Please put me through.”
Being arrogant immediately lands you on the gate-keeper’s “do not
help” list.
Never treat them like they’re stupid. In their relentless drive to speak to
decision makers, some sellers treat gatekeepers as if they’re
ignoramuses. When these sellers are asked, “What is this call in
regards to?”, they respond: “It’s far too complex to discuss with
someone other than Ms. Bigshot. Please put me through.” While this
may work once, it destroys the hope of any future assistance.
Never be evasive. Gatekeepers are experts at sniffing out sellers. If you
don’t answer their questions straight up, the likelihood of getting
through is slim to none. They want to know who you are, what
company you’re from, and why their boss should talk to you. Fail to
address those concerns satisfactorily and you won’t get through.
Don’t let anyone tell you that those slippery techniques work like a
charm. While they may get you through to the decision maker one time, the
way you talked to the gatekeeper will come back to bite you in the end. It’s
never worth it to be disrespectful.
Gatekeepers are intelligent, talented people, often at the pinnacle of
their careers. With all the corporate downsizings in the last decade and the
increased popularity of voice mail, very few executives still have their own
personal executive assistant. The few who remain take pride in their jobs
and know they wield a great deal of power.
Golden Rule
Treat gatekeepers with as much respect as you would decision
makers.
It’s the right thing to do. Plus, it helps you with your sales initiative at
the very same time.
Treat Gatekeepers as Colleagues
If you believe that what you sell truly makes a difference to an
organization, then you are already aligned with the gatekeeper’s objective.
Your challenge then is simply to help the gatekeeper understand why you
need to talk to or meet with their boss. They have their antennas up at all
times and are acutely tuned in to the language of a salesperson. If you slip
into that mode even one little bit, they’ll block you from getting in.
When gatekeepers screen phone calls for their bosses, they want to
know who you are, why you’re calling, and if the decision maker is
expecting to hear from you. These are the questions you need to be ready to
answer.
Fortunately, everything you’ve learned about talking to decision makers
applies to gatekeepers as well. Remember, it’s not about your product,
service, or solution. They’re only tools to achieve specific business results.
That’s where you need to keep your focus at all times. The quiet confidence
you have in the value of your offering needs to shine through as well.
A typical interchange with an executive-level screener might begin like
this.
Gatekeeper: “Mr. Vice President’s office. May I help you?”
Seller: “This is Pat Trenton from SureFire Consulting. I’d like to
speak with Jack please.”
Gatekeeper: “What is this in regards to?”
Never be surprised by this question. Because it gets asked every single
time, be prepared with your response. Guess what—you already know what
to say. That’s right. Use virtually the same words you would use if the
decision maker picked up the phone. In short, here’s the process you can
use:
“I’m calling because I’d like to talk with Ms. Bigshot about some of
the challenges your organization is facing related to . . . ”
“I have some ideas I’d like to run by Mr. Biggie regarding how your
company can . . . ”
If you’ve done your homework and have a valid business reason for
meeting with the decision maker, the doors of the corporate world swing
open for you. When you become allies in your quest to help the decision
maker, gatekeepers turn into gate openers.
ENLIST THE SUPPORT OF GATEKEEPERS
Sometimes it’s a good idea to initiate contact with a gatekeeper before
you’re ready to talk with the decision maker. Why? Because you need more
information to know if an opportunity exists for your offering. If that’s your
situation, call the decision makers during hours when they’re most likely to
be in meetings. When you get voice mail, listen for the instructions to get
transferred to the gatekeeper. If you don’t hear any, try “0” or “#”.
When the gatekeeper answers, engage him or her in a discussion. Make
sure to introduce yourself and ask for help. Again, don’t forget to position
the value of your company. When you get the gatekeeper’s go-ahead, feel
free to ask your questions. Here’s an example of what this conversation
might look like:
Seller: “This is Alex Vincent from Egocentric Web Design. I’m
hoping you can help me. I have a few questions.” (pause)
Gatekeeper: “Sure.”
Seller: “And with whom am I speaking?”
Gatekeeper: “Emily Murphy. I’m Ms. Bigshot’s executive
assistant.”
Seller: “Thanks, Emily. We help retailers convert their online
shoppers into buyers. Some of our clients were letting millions of
dollars slip away each month due to abandoned shopping carts. Could
you help me understand where this issue is right now on your firm’s
priority list?”
Please notice how the seller asked for the gatekeeper’s name right away.
This is important because it’s respectful and honoring. At the end of any
conversation, make sure you have the name written in your notes and
spelled correctly. You may also want to get the gatekeeper’s e-mail address.
That way you can send messages to the gatekeeper which, if they are
deemed acceptable, will be forwarded on to the boss.
LEARN FROM GATEKEEPERS
Gatekeepers possess insightful insider information about a variety of
topics. Establishing relationships with them enables you to learn about
initiatives, priorities, politics, current vendors, shifting focuses, and more.
Because helpful gatekeepers can be a gold mine, you’ll want to be prepared
to ask more than one question. For example, you might ask:
Do you know if this is an issue Ms. Biggie is concerned about right
now?
Where do the challenges with . . . fit in the priority scheme?
When do you expect that attention will turn to . . . direction?
Who else in the organization is involved in this initiative?
Before I speak with Mr. Bigshot, who else can I talk to that could give
me a better understanding of your organization’s objectives and
challenges?
Who would I talk to in the company to find out how you’re handling
things in this area?
What is the relationship between your area and . . . ?
How does your boss like to handle challenges like this?
What’s the best way to get a hold of the boss?
“I’m calling to see if you need any . . . I don’t want to bother you, but
I’m trying to help out.”
“I wanted to keep in touch to see if you might be ready to do
something regarding . . . ”
“I’m wondering how things are going with that (trigger event) and if
you might be looking for resources soon.”
“I was just checking in to see if anything has changed.”
When you do this, you never sound desperate. Instead, you sound like a
valuable resource and a person of interest. If you’re constantly adding value
in your phone calls, mailings, and e-communications, there’s no need to
worry about being perceived as a nuisance or pest.
As a guideline, I suggest that making one or two contacts per week is
quite appropriate. Beyond that, it’s hard for decision makers to connect the
dots between your “touches.” Additionally, they often delete your messages
so fast because they're in a hurry that your name and company never made
it into their long-term memory.
There are times, however, when you might want to be more frequent in
your attempts to get in. If you note the occurrence of a trigger event that has
immediate negative business ramifications related to your offering, then
don’t worry about being a pest. Someone in that company may be desperate
for your help.
WHAT TO DO WHEN DECISION MAKERS CONTACT YOU
While we may dream of the day when prospective customers call us
back, it can also be very disconcerting because it happens so seldom.
There have been several times in my sales career when I’ve been on a
prospecting binge. My pipeline was running dry and I needed new
customers. I made numerous phone calls into my targeted accounts, trying
to track down the decision makers so I could get my foot in the door. I left
messages everywhere. No one ever called me right back.
Then, a few days later when I’d be totally immersed in another project,
the phone would ring. I’d absentmindedly pick it up and say, “Hello. This is
Jill.”
Invariably, the voice on the other end responded, “Jill. This is Mike. I’m
returning your call.”
Mike? I’d think. Mike who? And from what company? My mind would
go blank. I’d desperately rack my brain as I mumbled, “Mike! Thanks for
getting back to me.”
But then I’d be stuck. I didn’t have a clue what company he was from. I
had no idea what message I had left. I didn’t know if he was the decision
maker I was trying to reach or the friend of a friend with whom I was
networking.
I can assure you that there’s nothing more humbling and humiliating
than having to say, “Mike. I’m sorry, but I can’t place who you are.” Your
credibility instantly evaporates. Despite all the precall planning you’ve
done to get this far, you look like an idiot. (Remember, this is the voice of
experience talking!)
Set Up Your “Memory” System
As you can see, these responses specifically connect the reason for the
initial call with today’s conversation. They’re focused on issues—not
products, services, or solutions. Essentially, they’re a reiteration of your
value proposition.
Please notice their conversational nature as well. They’re easy to say
and short—about 15 seconds maximum. Additionally, the last line is
specifically designed to engage your prospective customer in a conversation
about their issues and challenges. After you say it, be quiet and let your
customer talk.
Now that you’ve started the dialogue, you can move back into the call
plan you created to reach a potential buyer on the phone. When they phone
you back, all you need is this transition and then you’re all set.
WHEN DO YOU QUIT TRYING TO GET IN?
How long do you keep the campaign active before you decide to invest
your time in other opportunities that may have more upside potential? As I
said earlier, you need between eight to twelve contacts to become a
recognized entity. Assuming that you contact the account once every 3-4
days, your campaign could go on for a month or two.
If you haven’t made any inroads at the end of that period, you need to
look elsewhere. But don’t remove this big company from your list
altogether. Even when your campaign is perfectly executed, there could be
innumerable reasons why it’s not working out right now that are entirely out
of your control.
Find a way to keep in touch once a month or quarterly. That way you
keep yourself on their radar screen without being obtrusive. Send
interesting articles to the decision makers. E-mail them informative Web
site links. Make a phone call sharing important industry trends. Invite them
to an upcoming Webinar put on by your firm.
Unless you’re specifically told never to contact the person again, don’t
completely give up. It’s highly likely that it’s just a matter of priorities.
Other things are simply more important to work on or resolve at this
moment in time. By keeping in touch, when the time does come to tackle
the issues your company addresses, you will have top-of-mind awareness.
KEY POINTS
“How much does it cost?” If they ask this question before you have
discussed their needs, the end is in sight. No matter what the price, it’s
too much; you’re on the defensive trying to justify value.
“Can it do . . . ?” Questions about what your product or service can do
are asked to rule out options. Customers would rather stay with the
status quo than change. If they uncover even one trivial “glitch,” you
may be done.
“Very interesting. I bet you’ll sell a lot.” While unsaid, this statement
really ends with “but not here.” These customers are being nice but
want you out of their office. They think you’re only interested in a sale
—not helping their business.
When decision makers ask about “how” you did this, be brief and
succinct. Simply say something like this: “We put together a customized
plan that really addressed their very specific needs and issues.” Or, you
could say this: “They utilized one of our new products to get these results.
However, at this point I would need to know more to determine if that
would be the right option for your firm.”
Your goal is to quickly transition to questions so you can learn
more about your prospect.
Now move into asking questions. That’s the end of your talking for a
while. A conversation is a two-way street. It’s time to get the decision
maker involved.
Expand Insightful Ideas
If you enticed your prospect to meet with you because you shared an
insightful idea, focus on that idea when you meet. However, rather than
making it sound like your idea is the perfect solution, position it as a
possibility that needs to be explored in more depth. Here’s how you tee that
up at the beginning of the meeting:
Establish the context for the information you’ll be sharing: Where did
you get this info? Who’s it from? Things like that.
Review the information with the client. It’s often helpful to have
graphs, charts, white papers, or articles to solidify your message and
increase its perceived value.
After you’ve shared the information, again move into questions as soon
as possible. If you’re in a presentation mode the whole time, you’re not
having a conversation. The lack of interaction puts you at an extreme
disadvantage in terms of advancing to the logical next step. Also make sure
the information you share is not a thinly veiled sales pitch.
ENGAGE IN QUESTIONABLE PRACTICES
What most sellers don’t realize is that the only way to achieve the status
of a trusted advisor is by asking pointed questions. Not by blabbing
everything they know. Not by telling customers what changes need to be
made. Not by talking endlessly about their unique capabilities or
technology.
Well-planned, thought-provoking questions lead to strong relationships
with corporate buyers—and ultimately to lots of business. Asking
insightful, customer-focused questions enables you to:
Plan your questions ahead of time. If you don’t, you have better than 90
percent chance of reverting to that disgusting “pitching” behavior when you
meet with prospective clients. Why? Because your brain can’t think of good
questions at the same time it’s listening to your customer. You’ll get
nervous. Then you’ll start to talk, then jabber. Pretty soon you’ll be out of
control.
It’s absolutely imperative to develop a list of ten questions to take with
you into the meeting. You might think that this makes you look like a
rookie, but real pros do it all the time.
Neil Rackham’s groundbreaking sales research showed that the ability
to ask good questions was the single biggest differentiator between top
sellers and average sellers. When top sellers learned about problems or
concerns, they kept asking questions to discover the business ramifications
and the value of making a change.
In contrast, the moment average sellers heard their prospect express a
difficulty or dissatisfaction, they quickly jumped in with their solutions.
GUIDELINES FOR GOOD QUESTIONING
When you first meet with or talk to corporate decision makers, you’ll
have more questions to ask than can possibly be answered in one meeting.
Don’t worry. You’re building a relationship and will have many
opportunities in the future to learn more about your customers.
Find Out about the Current Situation
“Stop,” I finally said, putting my hands over my ears. “All you need is
one question.”
He gave me one of those “yeah-sure” looks.
“Just say to your customer, ‘Tell me how the work flows through your
operation,’” I said. “When your customer answers, you’ll learn what’s
going on. The rest of your questions will come out during the course of
normal conversation.”
Also, don’t ever ask a question about information that’s readily
accessible to the public. It makes you look stupid—and that’s the last way
you want to be perceived.
Get a Handle on Their Problems and Gaps
Ignore this step and you can’t sell. If customers are totally happy with
the status quo, they have no reason to change. You may feel uncomfortable
asking about their problems because you feel it’s impolite or too personal.
Get over it. You can’t help customers improve their business unless
you’re willing to be uncomfortable. Selling is not about you. It’s about
solving current and future problems. If you’re truly a customer-focused
person, you must ask questions about what’s wrong.
Questions that uncover problems and gaps have evaluative words in
them. Key words to include in problem or gap questions include:
Bottlenecks
Challenges
Barriers
Concerns
Difficulties
Issues
Problems
Improvements
Troubles
Dissatisfaction
Changes
Frustrations
Ask the decision maker questions specifically related to the business
problems your offering solves. We talked about this earlier in Chapter 7:
Strengthening Your Value Proposition. Look at the problems you listed.
Develop questions around these problems to find out if your customer
considers them to be significant issues. For example, you might ask
questions such as:
When customers share their answers, be curious and learn more about
their issues. Specifically, you’ll want to know why they consider it a
problem.
Explore the Business Impact
Customers like these kinds of questions because they make them think.
They also give you lots of good information to build a business case for
your offering. Top sellers ask significantly more of these types of questions
than average sellers.
Determine the Value of Change
After you ask these questions, lean back and listen—even if you’re
talking to this person on the phone. Keep exploring your customer’s
answers for as long as you can. Make sure you take good notes too because
what you learn can be invaluable.
Good questions are the key to turning merely frustrated prospects into
active buyers looking to resolve their problems. Create a list of ten primary
questions you want to ask when you talk with corporate decision makers.
This list guides you in creating a sales conversation and keeps your focus
on your prospective customer—exactly where it belongs.
KEY POINTS
Customers from big companies don’t have a lot of time for meaningless
chitchat and relationship building these days. Be cordial and friendly, but
business-focused at all times.
A. Make the introductions
Take a few minutes to learn about the decision maker’s job and
responsibilities. If the decision maker invites others to the meeting,
make sure to introduce yourself and learn their names. Find out why
they’re attending and what interests they have relative to the business
issue.
B. Confirm times and agenda
Before you get started, double-check to see if times have changed
since you set up the meeting. If your customer has to run to an urgent
meeting in 30 minutes, you need to adjust your game plan or come
back later. Reconfirm the purpose of the meeting also to ensure there
are no misunderstandings.
You might say, “As I explained earlier, we work with high-tech
firms to increase brand awareness and drive sales. In our time together
today, I’d like to give you a little background on how we address these
issues, find out what your company is doing in these areas, and see if
we have grounds for further discussions. How does that sound?”
Notice the professionalism and leadership in this overview
statement. It shows that you have a clear plan for the meeting.
Decision makers feel better immediately; they know their precious
time won’t be wasted.
II. Lead the Discussion (40–45 minutes)
You want to create a dialogue—not make a pitch. Lay the groundwork
by sharing information of high interest to your prospects. Then invite them
into a discussion by asking questions that make them think.
A. Set the stage (5 minutes)
Customers need more grounding about what your company does than
the brief one-sentence statement given above. When you arranged the
meeting, the decision maker was enticed by something you said.
Now is the opportune time to give a brief overview of the business
results a specific client achieved with your product, service, or
solution. Explain the challenge your customers faced, how you helped
them, and the results they were able to achieve. You can also share
your insightful ideas or go over the important information you brought
to the meeting. The previous chapter explains what to do in detail.
B. Transition to questions
As quickly as you can, shift the focus to the decision maker— where it
belongs. To do this, simply say, “That should give you a good
overview about how we help our customers solve their problems (or
achieve their objectives). The most important thing is to find out if this
makes sense for your company. In preparing for today’s meeting, I
noticed that (insert data re: company’s direction, trigger event, other
info uncovered in research). I was wondering how . . . ”
Unless you plan your transition, it’s sometimes hard to stop talking
—especially if you’re goaded on by questions from the decision
maker. An effective transition is part of your sales call plan.
C. Focus on business issues (35–40 minutes)
Prior to the meeting, develop a minimum of ten insightful, powerful
questions you can use to lead a business-focused discussion. Corporate
decision makers are always interested in talking about their business.
They wouldn’t be taking time to meet with you unless they truly
wanted help solving their problems or achieving their goals.
Have the questions handy so you can refer to them. If you want,
show the client how you’ve prepared for the meeting— they’ll be
impressed. But don’t give them the list of questions or they’ll just
rattle off the answers.
Ask your questions in a conversational manner—not like a
schoolteacher giving an oral test. Questions build relationships,
establish rapport, demonstrate your competence, and show that you
care.
Remember, this is a discussion—not a sales pitch. Listen to their
answers. Be interested. Learn as much as you can. Take copious notes
of everything that’s said—not just the parts you find interesting.
Always lean back. The moment you move for ward, you’re pitching.
The discussion is over, and the push is on. Your prospect immediately
puts up defensive barriers and raises objections. Getting the sale is
going to be infinitely harder unless you immediately recover and get
back into the discovery mode.
III. Advance the Process (5–10 minutes)
When you focus on questions, your one-hour meeting flies by. Even if
the decision maker seems oblivious to the time, it’s important not to
overstay your welcome. Draw attention to the clock. See if you’re invited to
stay longer. If not, it’s time to wrap up and advance the sales process to the
logical next step.
A. Summarize your understanding
Because it takes multiple meetings to do business with big companies,
on your first call don’t try to share everything you know, ask every
question you want answered, or hand out every piece of collateral in
your briefcase. Instead, show your professional expertise by
summarizing what you learned about their critical business issues and
the value of resolving them.
Corporate decision makers are also interested in learning more
about how you work with customers who had similar problems, what
your process was in working with them, and how they benefited from
working with your firm.
Do not under any circumstances get into a discussion of your
product or service. This will be the hardest thing in the whole world
for you to avoid doing, but it’s essential. Remember, corporate buyers
don’t really care about your offering—only what it can do for them.
They also realize that in a short one-hour meeting, you can’t possibly
offer them a well-thought-out solution. They don’t expect one.
B. Suggest the logical next step
Then, without making a big deal of it, simply recommend a good
option to move the process forward. This is the logical next step you
were working toward from the onset.
You might say, “Usually when I work with companies on product
introductions, the next step is to set up a meeting with the product
manager to get a better understanding of the launch plans already in
place and where gaps might exist. Can we get a meeting set up with
this person in the next couple weeks?”
If you’ve had a good discussion, it’s highly likely that your prospect
will have already suggested a next step. If so, great! Get it on the
calendar. If your prospect missed an important step, offer it up as
another idea: “Ms. Biggie, I’ll get going on your recommendation right
away. Also, based on my experience, we need to talk with the IT
department as well. Can we get that set up too?”
Ending meetings in this manner advances the sales process to its next
logical step. It’s honest and full of integrity. It’s just simply suggesting the
next logical thing that you both need to do to determine if your offering is a
good fit for their business.
Use Tool 9: Sales Call Planning Guide in the Appendix to help you plan
for your upcoming sales meetings.
MAKE SURE YOU’RE SET UP FOR SUCCESS
The more you can do to ensure everything goes well in your meeting the
better. Being proactive helps eliminate problems and prevents you from
wasting time. Here are a few more suggestions to make your meeting a
success:
WHAT DO YOU DO IF . . . ?
While you’d like to think that everything would go as planned,
sometimes you run into some glitches that you haven’t anticipated.
Discussed below are the most frequent questions I get asked, along with a
few ideas to help you deal with these unexpected situations.
What Do You Do If They Really, Really Want to Talk about Your
Product or Service?
Once again, this is a problem you created yourself by talking about your
offering too soon. At best, you can deflect the question by talking in
generalities. For example, you might say, “Based on what we determine
works best for your situation, it could range from nothing to $50,000. What
we really need to do is analyze what’s going on in your business in more
depth.” Then transition to a question focused on their business issues and
challenges.
What Do You Do If You Walk in the Room and Six People Are Sitting
There?
Apologize to your prospects for getting carried away and talking about
your offering. Tell them that much as you love your product, what’s most
important is to determine if it would provide business value to their
organization. Then slowly lean back and ask another question.
As you can see, successful customer meetings don’t just spontaneously
occur on their own. They require the investment of a significant amount of
time on the front end to ensure they’re of high value to prospective
customers.
If you’ve landed a meeting with a decision maker from a big company,
you want it to go well. Take whatever time you need to fill out your Sales
Call Planning Guide. The payback will be worth it.
KEY POINTS
Sales to big companies take multiple calls. Plan your logical next step
prior to each meeting. Know where you’re going before you get there.
Don’t waste time on chitchat. Get down to business as quickly as
possible. To increase your confidence, have your entire call mapped
out before you meet with your prospective buyer.
Focus on asking questions that explore their situation in more depth.
Learn about their priorities and objectives as well as potential
impediments to achieving them.
Lean back when talking to corporate decision makers. This keeps you
in a consultative mode and prevents you from pitching your product or
service.
At the end of your meeting, summarize your understanding of their
situation and suggest the logical next step that advances the sales
process.
22. THE MINDSET OF SUCCESS
In today’s market, the hardest part of selling is getting that very first
appointment with a corporate decision maker. As you well know, that’s
much easier said than done. At this point in the book, I’m sure that your
head is reeling as you try to figure out how to integrate everything you’ve
learned into your own account entry campaign.
Sometimes it can be overwhelming. So much to change, so little time.
You may even be hitting yourself over the head for continuing with
ineffective strategies for so long. Be gentle on yourself as you transition to
this new methodology. It takes a while to really grasp how to think
differently about your role as a seller, your offering, and your customer.
Anytime you learn something new, it’s tough. When I was struggling to
get back into big companies after my business crashed, I made lots of
mistakes. Some were pretty embarrassing. There were times when, much to
my chagrin, I had to literally pick myself up off the floor, dust myself off,
and start over again. At one point, I was even fearful that I’d lost my touch
and had nothing left to offer.
In order not to collapse under the weight of my own fears, I had to
reframe the entire experience. Instead of considering myself a failure or a
stupid idiot every time I screwed up, I decided to consider the experience a
“valuable learning opportunity.” For a while, it seemed like I was getting
more than my fair share! But every single time I goofed or ran into a dead
end, I challenged myself to find the lesson in the situation.
EXPERIMENT WITH SALES
As you proceed on this journey of rethinking your sales approach, I
want to invite you to consider everything you’re doing as a grand
experiment. Don’t wait until you think everything is perfect before you
move ahead. You’ll never make any progress that way.
Your job is to test things out. When you think you’ve articulated your
value proposition pretty well, check it out with your colleagues, friends, or
clients. If they clearly understand the difference you make for customers,
you know you have made a good start. If not, go back to the drawing board
again to figure out a new approach.
The same thing holds true when you think you’ve written a good sales
letter or created an enticing voice mail message. Get other people’s
reactions. See if you can pass the instant delete test. If not, find out why.
That’s the only way you will improve.
When you consider everything you do as an experiment, you can’t fail.
Ever. I like that feeling. So will you. Plus, by considering all your
prospect’s reactions as simply data, it frees you to figure out what you
might change to get a different reaction. Then you’re on your way to
finding out what will work.
Save Your Best Until Last
You now have a roadmap to follow that should guide you quite a
distance in your quest to land large corporate clients. You’re not going to be
perfect at first. In fact, my guess is that you’ll feel more than a bit awkward
when you start using these new strategies and techniques.
So why in the world would you ever pursue business with your most
desirable prospect when you’re feeling your shakiest? Don’t. It doesn’t
make any sense at all to put yourself under so much pressure when you’re
still trying to pull your whole approach together.
Call on your lower priority prospects instead. Perhaps these firms aren’t
ideal. Maybe they’re not as prestigious. But they are safe places to practice
—which is exactly what you need right now. Use these accounts to fine-
tune your message. Work on crafting compelling voice mails, letters, or e-
mails that elicit responses. Experiment with different questions when you’re
meeting with decision makers. Find out what it takes to keep the discussion
focused on their business issues.
It takes a while to free yourself from old habits that no longer work with
today’s savvy corporate buyers. Rest assured, you’ll get better over time.
That’s when you want to go after the really big, highly desirable companies
that you’d drool to have as clients.
Keep On Learning
You are not in this alone. If you’re stuck, go talk to other people to get
ideas. If you have colleagues, work on these challenges together. If you’re a
solo entrepreneur, form a group with others in similar positions.
Go talk to your customers too. Interview them. Learn from them. Ask
them what it takes for a seller to get their attention. Tell them who your
target market is, show them your scripts, letters, or questions, and get their
reactions. Ask for brutal honesty and be prepared to listen. Never, ever
defend what you’ve created if you want to hear the truth. Find out why they
don’t react positively. That’s the jewel in the feedback, the seed for the
changes that are needed.
HOLD YOURSELF ACCOUNTABLE
In order to be successful, it’s absolutely imperative for you to assume
total ownership of your success. If you blame others for your sales
problems, you’ll never make the changes necessary for you to be wildly
successful.
It’s not the fault of customers who just don’t “get it.” If they don’t
understand why they should make a change, ask yourself what you need to
do to help them. If they can’t see the difference between your offering and
your competitors, figure out what you need to do to help them differentiate.
Nor does the problem rest with “rude” people who don’t return phone
calls. They’re swamped; they don’t have time to contact everyone who
wants their attention. They may even be really nice people who feel terribly
guilty about it. But modern technology has made abuses of time and
etiquette more frequent, forcing many in the corporate world to erect
barriers and filters.
The truth is, none of the problems you’re running into are one bit
personal. As a human being, you are not being rejected. Your prospective
customers are only thinking about themselves and their own time. As soon
as you tap into what they’re interested in, the door opens for you.
Role-Play Even If You Hate It
Corporate decision makers are stretched to the limit these days. Time
is their most precious commodity. They have no tolerance for anyone
who might waste even a second of it.
Prospective customers really don’t care about your product, service, or
solution. To them, it’s simply a tool to solve their problems or achieve
their business objectives.
Focus on the difference you make, the results you deliver, and the
outcomes customers can expect from working with your firm. That’s
all that’s important.
When pursuing large accounts, use a foot-in-the-door strategy. Figure
out how to get a “toe-hold” project or order in one area and deliver
impressive results before expanding to other parts of the company.
Plan an account entry campaign from the very start. Expect to make
multiple contacts before you get an appointment. Use a variety of
mediums such as voice mail, e-mail, direct mail, and even faxes.
Invest time preparing for every customer contact. Research their
business and personalize your approach. That’s how you can
differentiate yourself from all the other sellers vying for the prospect’s
time.
When you meet with a corporate decision maker, have a conversation
focused on the business issues that you can impact. Before you go in,
know your logical next step and plan your questions.
Finally, realize that you are the biggest differentiator of all. Become an
expert. Know your customer’s business, processes, and marketplace trends
as well as they do. Deepen your knowledge of your product line,
capabilities, and total solution capacity.
Constantly be thinking about how you can help your customers improve
their operations and reach their goals. Competitors can create copycat
products and services overnight, but no one can replicate you and your
brain. Your ability to provide a continuous stream of fresh ideas, insights,
and information to corporate buyers will make you irresistible, invaluable,
and, ultimately, indispensable.
KEY POINTS
1. What type of businesses have you been most successful with in the
past?
4. Have you noticed any particular conditions that trigger more need for
your offering?
TOOL 3: OFFERING ASSESSMENT
Another way to determine your best target market is to work backwards
from your offering. This can help you figure out what types of companies
would receive the most value from your products, services, or solutions.
2. Define the problem or gaps with their current solution. What problems
does your offering solve? What opportunities does it create?
4. Determine the value of making a change. What’s the payoff from using
your product, service, or solution? Tangible value? Intangible value?
Opportunity costs?
TOOL 6: TOP TEN TARGETED ACCOUNTS
In the space below, list the ten big companies that you’ll be pursuing
business with in the upcoming year. Make sure you break the account down
into an opportunity you can get your arms around.
1. ____________________
2. ____________________
3. ____________________
4. ____________________
5. ____________________
6. ____________________
7. ____________________
8. ____________________
9. ____________________
10. ___________________
TOOL 7: VOICE MAIL SCRIPT TEMPLATE
Use the following template as a guideline to prepare scripts for the
personalized voice mails you can use to contact big companies:
3. Close confidently.
TOOL 8: THE VOICE MAIL EVALUATOR
Call several of your colleagues and leave your message on their voice
mail. To get the honest feedback you need to craft a customer-enticing
message, ask them to complete this assessment after listening to it.
1. Would you have deleted this voice mail at any point prior to the end?
If so, when?
2. Check everything that bothered you about this voice mail:
___ Could tell it was a salesperson immediately.
___ Told me about their company and how wonderful it was.
___ Tried to convince me their offering was something I should buy.
___ Included “cute” slogans about their company.
___ Sounded like they were reading a script.
___ Used words and phrases to sound important.
___ Used company jargon or acronyms.
___ Tried to “close” me like old-time salesperson.
___ Sounded scared or subservient to the decision maker.
___ Pronounced my name incorrectly.
___ Spoke too fast; hard to understand message.
___ Sounded unsure of their ability to add value.
___ Felt like I was being sold.
___ Nonpersonalized to my situation.
___ Babbled on and on. Never seemed to get to the point.
3. Other feedback?
TOOL 9: SALES CALL PLANNING GUIDE
Use this tool to plan your first meeting with a corporate decision maker.
Make sure you’re prepared.
www.jillkonrath.com/how-to-prospect
Connect With Jill
Twitter: www.twitter.com/jillkonrath
LinkedIn: www.linkedin.com/in/jillkonrath
YouTube: www.youtube.com/jillkonrath
ACKNOWLEDGMENTS
Writing this book took only a few months, but it’s taken a lifetime of
experience to make it worth reading.
I am grateful to Xerox Corporation for hiring me into this wonderful
profession and giving me a solid foundation for sales success. While there, I
worked with some of the best sales professionals in the entire world: Mari
Kath, Tom Lowe, Bonnie Guski, Bruce Malmgren, and many more. Thanks
for your friendship and for setting a benchmark of excellence that stays
with me today. A special thanks goes to Diane Gulbrandson, my first sales
manager, who believed in me long before I had confidence in my own
abilities.
To all my clients over the past 15 years, thank you for the many
opportunities to work with your fine sales organizations. The projects we
worked on together enabled me to both broaden and deepen my expertise. I
wouldn’t be where I am today without you. Thanks especially to Bob
Cummins, John Wadie, Barb Cederberg, Ken Bozevich, Hans Koppen,
Nancy Harrower, Bill Goodwin, Joe Weaver, Bill Markwardt, Greg Arnold,
Michael Springer, Bob Decker, and John Fitzgerald.
To the thousands of people around the world who read my e-zine:
Thanks for letting me know that my writing makes a difference. I am
humbled by your kind e-mails and feel a deep sense of responsibility to
keep giving you quality material to help in your sales efforts.
Thanks to my younger colleagues, Andrew Ralston and Brian Carroll,
who have dragged me kicking and screaming into the online world.
Because of your support, my peers now think I’m an expert on leveraging
the Internet to drive business growth.
A special thanks to the many women in my life who keep challenging
me to grow beyond my comfort zone. My Awesome Women colleagues,
Faith Ralston, Rita Webster, and Marci Heerman, have supported me
through thick and thin. They’ve helped me find my voice, fine-tune my
message, and create my future.
Many thanks also to Joan Autrey, Diane Matalamaki, Betsy Buckley,
and Lynn Vannelli. You’ve been great friends and cheerleaders as I move
through the stages of my life. Ardath Albee, thanks for providing feedback
on the material in the book in real time. Kristin Kowler, I value your deep
insights into how to simplify and integrate my message.
Thank you to all those people who helped me turn this book into a
reality. Michael Nick, I appreciate your connections. John Willig, thanks for
being my agent and handling all the tough stuff. Michael Cunningham and
the staff at Dearborn Trade Publishing, thanks for believing in this book as
much as I did. You’ve done a super job!
And last, but certainly not least, thank you to my husband Fred and two
children, Katie and Ryan, for all the patience you showed while I wrote this
book. I am forever grateful that you are in my life.