Saturday, May 15, 2010

Sales Wisdom from Art


Every week I receive Art Sobczak's e-mail tip and occasionally I share them with you here.

Here's his latest, and be sure to check at the end to get your own copy in your email...

Art's Reality Sales Show

Greetings!

For the past 10 years or so, there have been plenty of
reality TV shows. They're cheaper to produce for
networks, and attract big audiences. Most are horrible,
but that's another story.

If I were doing a reality show for salespeople, I would
loosely base it on one that was very popular and
aired in 2003: "Joe Millionaire." In case you don't
remember it--or didn't care--the premise was this:

A bachelor had supposedly inherited a million dollars.
He then took a number of unsuspecting women
contestants on dates to exotic places, finally
selecting one to be his partner, and share in his wealth.
What the women didn't know is that "Joe" was actually a
construction worker. (There's more, but you can
Google it if you're that interested.)

Mine would be a much more entertaining,
and useful show, probably airing on the
Fox Business Network:

"Joe BigCustomare."

In this reality series, 50 salespeople are herded into a 55-
story magnificent office building with gold fixtures in every
bathroom, to wait their turn to win the business of Joe
BigCustomare, a head honcho decision maker who will
award a million dollar purchase order to one lucky and
skillful sales pro.

Little do the unsuspecting sales reps know, but Joe
BigCustomare is really a schlub who runs a near-
bankrupt snow plowing service in Phoenix, and is behind
on his truck payments.

Our focus is on one sales rep, Pat Savvy. Pat was the
eighth sales rep to have a shot at pitching to Joe.

In the first episode, the first seven all pretty much took
the same approach. Each paraded in to see Joe, pulling
out their laptop computer and Powerpoint presentations.

They had charts, graphs, videos, reams of technical data,
samples, interactive computer programs, and slickly-crafted
pitches, extolling in detail each of the fine "benefits" of
doing business with them.

One even got in the hot tub with Joe.

Then, it was Pat Savvy's turn.

Pat had nothing but a yellow legal pad and a pen.

And lots of questions.

Pat started out with some general questions. "So, Joe,
tell me why you're looking at this product."

"How long have you been looking?"

Then Pat go into need- and problem-related questions:
"What problems will it solve for you?"

"What are the other implications of the problem you're
looking to solve?"

"Who else is affected by them?"

"What is the return on investment that you're looking for?"

"What do you expect to get for the price you expect to pay?"

"Why did you choose this format to choose a vendor
and make a purchase?"

"Is this product going to replace another one?"

Then Pat asked about the decision-making process:
"What three criteria will you weigh most heavily in
choosing your vendor?"

"How did you come up with those?"

"How did you choose the previous vendor?"

"Who else will be involved in the decision making process?"

"Tell me about them and what they might be looking for."

"Will everyone else go along with your recommendation?"

"Who else will be affected by your decision?"

"Are you already leaning toward one salesperson over another?"

"If I met your criteria, the ones you mentioned, better than
anyone else, would we work together?"

"When, specifically will the decision be made?"

Pat just absolutely drilled Joe with questions.

And you know what?

It was decided that Pat wasn't the best person and
company to get the business. Pat was the first one
eliminated.

Pat decided that, by the way. Pat quit.

You see, that by asking questions, Pat unmasked Joe.

Pat realized that Joe wasn't for real.

Pat knew Joe had no intention of making a real decision.

Joe had no money or authority, in this reality series,
and Pat saw that by the answers to questions.

Joe was just parading salespeople in, all of them eager
to put on their dog and pony shows, because they thought
Joe was working on "some new initiative."

Pat didn't want to hang around, just an undistinguished
peddler among the masses. Pat didn't do business like
that. Pat's motto is, "Move them forward, or move them out."

The announcer tried to grab Pat for the obligatory interview
after the losers are eliminated, where they act bitter and cry.
But Pat was nowhere to be found. Until later, where the
announcer caught up to Pat after a sales call.

Announcer: "Pat, you were one of the first sales reps
eliminated. How do you feel about that, and why are you
smiling?"

"I feel great. I always say, if there's not a fit, find that out
early. Don't try to shove a square peg into a round hole.
You won't create business where it never will exist. I knew
there would never be a real sale here... and by the way,
I'm smiling because I got out of there quick, and used that
time to close a deal minutes ago with a real customer."

Announcer: "Any more sales cliches that people make fun
of, but are actually true?"

"Yes, big business isn't necessarily good business. If it
looks too good to be true, it probably is. You don't need to
get all of the business, just the business that is profitable
for you."

Announcer: "So, sometimes you need to know when to
hold 'em, and when to fold 'em ..."

"You need to know when to walk away, and when to not
quote bad country songs."

Announcer: "It looks like losing was actually winning for you."

Precisely.

ACTION STEP

Do you have any Joe BigCustomare's out there?

These are the people who look like they might be legit,
when in fact they'll yank your chain for months or years
if you allow them. Analyze your own follow up files right
now and make some tough choices. Ask them the tough
questions next time. And be aware, and beware of these
types so you can treat the situation accordingly.

Go and Have Your Best Week Ever!

Art



QUOTE OF THE WEEK

"Forget the times of your distress, but never forget what
they taught you."

Herbert Gasser


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If this issue was forwarded to you and you are not yet getting these free
weekly e-mailed sales tips, send an email to
TelEHotTips @ businessbyphone.com. Please put "JOIN" in the subject line.


Please Pass this Issue Along to Friends, Co-Workers,
Customers ... Anyone Who Could Benefit.

They'll appreciate it, and so will I!


Or, simply have them go to www.BusinessByPhone.com and enter the email address.

Contact: Art Sobczak, President, Business By Phone Inc. 13254 Stevens St.,
Omaha, NE 68137,
(402) 895-9399. Or, email:arts@businessbyphone.com

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