Lesson
4: Sales Strategies
Welcome to Lesson 4!
As a USA Card Service Referral Agent, you have the option
to set up your business however you see fit. You may
wish to limit your sales efforts to putting up flyers
and door hangers. However,
many Agents choose to get more "into it" by
dealin
g with customers face to face. At this level of
sales it is important to be professional and be comfortable
in business settings. This Lesson will assist you with
the basics in building a good sales technique.
Table Of Contents
- Presentation
- Communication Skills
- Initiative and Self-discipline
- Persistence
- Building Rapport
- Planning
- Attitude
- Potential Customer
- Be Prepared!
- Referrals, Referrals, Referrals!
- Selected readings
- How to Turn a Negative Reaction into a Positive
One.
- The Power of a G
reat Approach.
- Being on the Right Note.
- Analyze Customer Needs
1. Presentation
A smart, business-like appearance will go a long way
in helping you achieve your objective. Dress well
and be polite.
2. Communication Skills
Oral and written communication skills are a must for
a successful sales career. This includes good telephone
etiquette and strong presentation skills.
3. Initiative and
Self-Discipline
Being prepared to discuss the USA Card Service will
greatly widen your sales ability. Be punctual for
client appointments, and always get information back
to customers ASAP. This will ensure current customers
to refer you to others.
4. Persistence
A sale is often not closed the first time a presentation
is made. A series of callbacks or visits may be required.
People will put things off, and out of their mind
and will appreciate your professional, friendly reminder.
5. Building Rapport
When in sales you have to build rapport, or an “individual
relationship” with a wide variety of customers.
You will encounter people of all walks of life. It
is important to be flexible and be able to relate
to a wide variety of people. Take time to listen to
the customer. Get familiar with his or her needs.
It is important to remember that customers are individual
people and not j
ust “sales”.
7. Attitude
Always remember you are “selling yourself”
to people. Always be friendly and polite. It will
pay off. People will remember you, and refer you to
others. Referrals from other customers will most likely
be your best advertising!
8. Potential Customers
are everywhere!
Anytime of any day you could find yourself speaking
with a customer.
A night out is an ideal time to do business. Every
acquaintance you encounter will ask you “So
what have you been up to?” or a new person you
meet will ask, “So what kind of work do you
do?” This is the perfect opportunity to tell
them about USA Card Service. The number of people
in the United States without a credit card is astounding.
If they
have a credit card, chances are they have
an unpaid balance and are paying interest. Tell them
how a “Balance Transfer” can give them
0% interest for 9 months! That will save them hundreds
of dollars!
9. Be Prepared!
Have your business cards handy at all times, and be
prepared to discuss the benefits of the USA Card Service.
The better you know the benefits, or selling points,
the more comfortable you will be discussing business
in a casual setting.
10. Referrals, Referrals,
Referrals!
Word of mouth referrals will be your best advertising.
Always ask customers to refer you to their friends
and family. Be sure to pers
onally thank each customer
that refers you to another. Let them know that you
appreciate it. It will pay off!
11. Selected Reading
Below is some selected reading to help improve your
sales skills and keeping a positive attitude.
How to turn a negative reaction into a positive one
by Naomi Wax
"No" is unpleasant. It's frustrating, it's
demoralizing, and it’s downright annoying. It's
also inevitable if you have a career in sales. You're
going to hear it at some time or another, and though
that initial sting might get you every time, there
are ways to make "no" work in you
r favor.
It doesn't have to resound endlessly in your mind
and undercut your morale.
To begin with, be aware that as much as "no"
is a refusal, it's also an opportunity - one that
many salespeople fail to capitalize on. When you're
met with "no" as the final answer, rather
than trying to force it into a "yes" or
feeling bad and walking away, try asking questions.
If you can find out why, you will be in a better position
to garner a "yes" from your next prospect.
Why ask why?
People have all sorts of reasons for not buying, and
you shouldn't necessarily take "no" personally.
The more you can put your ego aside and gracefully
accept the refusal, the more you might learn from
the experience. So, assume for the time being that
you've been turned down and your business with this
person is done. Make it clear that you've accepted
their reply.
If you're no longer trying to sell them, you and the
buyer will be in a more neutral territory, and you'll
have an easier time getting information that will
help you. Begin by saying that you appreciate the
time they've given you and ask if they would be willing
to take just a few more minutes to talk about why
they aren't interested. Explain that the information
will be helpful to you in your job and you'd be thankful
for their feedback.
You might not get a straight answer initially, because
people are often uncomfortable with having said no
and want to get out of the situation as soon as possible.
They're likely to offer a pat answer about price or
prior loyalty, but i
f you probe a bit you might find
your way to a more substantial reply.
Some approaches that might lead you to the
truth include:
Was it something I said?
A difficult question to ask, but a crucial one to
find out whether there was something in your presentation
that the prospective buyer found off-putting. Again,
you'll want to indicate through your attitude that
you aren't going to fall into a fit or respond in
rage. Attitude and tone are crucial here, and unless
you've established a friendly rapport, you may not
be able to pull it off.
If the mood seems right, try saying, "I hope
this isn't asking too much, but was there anything
I did that interfered with your decision?" You
might want to add, "This is what I do
for a living,
and it would really help me to know."
Even if there is something about your approach that
blew the sale, keep a professional attitude. No salesperson
is perfect, and any approach can stand improvement.
Also, an approach that works for one customer does
not necessarily work for another - this is just one
person's opinion based on one interaction.
Gather as much information as possible and consider
the criticism carefully. Perhaps run it by colleagues
and friends to see if they think it's well founded.
But rather than letting it get you down, focus on
how you can use it to improve your approach. And remember,
a problem with your presentation is not an indictment
of you as a person or a determination of your future
in sales.
No does not mea
n never
When you're turned down for a sale, whether you're
able to gather more information or not, don't give
a "no" more weight than it merits. If you
find yourself panicking that it's all you'll ever
hear or that you'll never meet your quota, remind
yourself that it's just one sale. Every salesperson
hears "no," and it's no indication of how
your next meeting will go.
And don't forget, if you field this "no"
with finesse, the person who didn't buy may be left
with fond enough feelings to find a way to send future
business your way. Establish whether you can call
on them again in the future (be specific about when,
suggesting a time when the circumstance that led to
the "no" may have changed), and make sure
they know that they can call you as well.
When to take your no and go
In some situations, you'd be better off letting "no"
stand without questioning it. If the person you've
been dealing with has been a no-sayer from the start
- if he's been patronizing, prickly, or strikes you
as pretty imperceptive - it's probably not worth pursuing
his opinion. Solicit feedback only from people you
respect and who you sense will be honest and constructive
in their response.
Finding the yes
If every cloud truly has a silver lining, your challenge
as a seller is to find the sliver of silver sagacity
in every sale that slips away. If you set your sights
on what you can learn from each "no" and
the sales it might lead to, who knows, you might come
to see "no" as an inspiring response and
the seed for a
future "yes."
The Power of a great approach
by Chris Lytle, CSP
I am walking through Terminal 2 at O'Hare Airport
lugging two heavy bags. I see the shoeshine stand
directly ahead. The shoeshine man is looking for his
next sale. I am walking and thinking about getting
to my connecting gate. Somehow, he catches my eye.
When he has it, he looks down at my shoes. My eyes
follow his. As I pass, trying not to look him in the
eye again, he says, “Sir, let me shine those
Cole-Haan loafers for you.”
“Uh, no thanks, I've got to catch a plane,”
I reply. Now there is an original objection he has
never heard before. I keep walking, but now I am thinking,
“How did he know these are Cole-Haan shoes?
That was an interesting approach. I wonder if they
really are Cole-Haan shoes.”
I duck into the nearest men's room and, balancing
on my left foot, I take off my right shoe to check
the label. It reads, “Cole-Haan.” I put
it back on and return to the shoeshine stand. “I
have changed my mind. I need a shine after all.”
Are you willing to learn from someone who is not a
trainer or teacher? This shoeshine professional sold
me a shoeshine and threw in seven sales success principles
absolutely free. Sure, his service is not very complex
and his sales process is not nearly as complicated
as yours. At the same time, you can benefit from and
form a philosophy around these seven ideas:
A strong opening is cri
tical.
When you pass the typical shoeshine man, he says,
“Shine 'em up?” My pro had taken his approach
to a higher level with a customized opening line for
each customer. Research ranks approach/involvement
the number one must-have selling skill, way above
closing. This shoeshine man's opening question and
confirmation question are one and the same. A strong
opening leads to a strong closing.
Product involvement is a powerful success
trait.
By calling out the brand of shoe, he was communicating,
“Hey, this is what I do. I care about shoes.”
Wouldn't you rather buy something from a salesperson
that is into what he is doing?
Controlling the meeting's focus is critical.
When I passed the shoeshine stand, I was focused on
getting to my gate. The salesperson broke my preoccupation
with catching a plane and forced me to focus on my
shoes. When you control the focus, you control the
situation.
Eye contact is an important trust-building
tool.
You convey confidence with eye contact. Looking customers
in the eye and smiling with your eyes and mouth both
help build trust and reduce a customer's reluctance
to doing business with you.
Helping customers discover their needs is
part of the process.
By getting me to look at my own shoes, I discovered
that it had been a while between shoeshines. People
rarely resist their own data and discoveries.
Doing it differently is refreshing and memorable for
the customer. I have passed thousands o
f shoeshine
stands and had hundreds of shines. I still remember
the shoeshine guy who did it a little differently.
Will your customers remember you?
Customers buy from salespeople who align their behavior
with the things customers’ value. Customers
want to buy things. They want to work with professionals.
They want to be engaged and challenged. Because I
believe life is one big seminar and lifelong learners
get more out of life.
Ralph Waldo Emerson said,” Life is a succession
of lessons, which must be lived to be understood.”
What lessons will you learn today? Who will your teachers
be? You never know. Just be open to learning from
everyone.
Begin on the right note
by Priya Pavithran
With acquiring skills in sales you also have to worry
about making mistakes while using these very skills.
Here are a few mistakes that sales professionals make
quite often. Stop for a moment today to review and
find out if you are committing these mistakes!
Judging a book by its cover
A common mistake made by quite a lot of sales people
is prejudging their customer by the way he or she
dresses or talks. External appearances do not determine
an individuals buying capacity and most often this
is the first folly of the `I-know-it-all’ sales
professional. An individuals appearance is no excuse
to go late for an appointment or give less attention
to the customers needs.
Talking down to customers
NEVER consider the customer stupid. He might need
the product, but isn't sure how it is going to help
him. Remember that's where you come in. Sharing the
information is one thing and talking them down for
ignorance is not.
Talking too much and listening less
Having finally got an appointment with the VP of the
company, this sales person was all out to impress
him. Only he ended up putting his size 12 foot in
his rather small mouth. Talking too much never helps.
Chances are, your client will get ticked off and never
agree to see you again. Let him do the talking while
you listen. One of the most common mistakes made is
not paying attention to the clients. To understand
his needs you need to listen.
Aski
ng the wrong questions
Most mistakes in sales happen by asking the wrong
questions. Ask the right questions, which reveal insights
to your "WHAT, WHY, and HOW MUCH?” You
need to get information before you give any information.
Do not sell when you have to prospect and
vice-versa
But I raise poultry, not cows, mister. So I don't
need the milking equipment you are trying to sell
me.
Sales people often make the mistake of selling when
they should be prospecting and prospecting when they
should be selling. Approaching clients without doing
any homework will certainly backfire. It will also
put-him off for the subsequent meetings, when you
might actually have something of his interest.
Lying to close a deal
Client: You say you have the food processor in
red color as well? And you will be able to deliver
that next week?
Salesman: Err..um..yes..uh..We will definitely deliver
the product next week.
Truth - the product in the red shade hits the market
only three months later.
Lying to close a sale never helps. It could land you
in a mess and even damage your reputation. So always
come clean.
Failure to follow-up
Client: You were to call me up at 11a.m on Tuesday.
It’s Saturday today.
A terrible mistake is not to follow-up on your client.
Such behavior will affect your credibility. And if
you have been waiting for the customer to call you,
well think again. If the client has set a time and
date, then st
ick to it.
So the next time your sales pitch seems to be going
awry, remember you just might not be doing it right.
Analyze customer needs
Sell smarter not harder
by Ishita Mondal
In most cases salespeople are quick demonstrators.
They start off with their well-rehearsed pitch, overloading
customers with information about their product, instead
of trying to find out what the customer wants or needs.
Information is the key to success and in the sales
field; it is the information about the customer. The
best way to find this information is through research
before meeting the prospect, and probing effectively
while discussing b
usiness with them. The more you
know about the background, current condition, and
plans of the prospects, the more successful you will
be.
A better approach would be to find out what are the
customer's m
ain concerns. Then give them as much information
about those concerns as they seem interested in having.
This does four things:
- It eliminates doubts due to lack of information.
- It projects you as an expert eager to help, thus
holding the interest of the customer as he becomes
convinced you are interested in issues important
to him.
- By probing you will understand what the customer
wants to accomplish, and narrow your recommendations
accordingly.
- Probing also encourages customers to become involved
in the conversation and develop a dialo
gue between
you and him.
The two basic types of probing techniques are "Open
probe" and "Closed probe". In the former
the customer freely express their experiences, values
and concerns. This technique begins with words like
what, when, where, why, who, how, etc. Whereas in the
second technique gets simple "yes" or "no"
type of responses or a choice of alternatives that you
supply. The second style is the best approach for dealing
with unresponsive customers, allowing you to literally
pull out information. And while you
are asking those questions, keep these simple tips in
mind.
Maintain direct eye contact:
It allows your customer to know that you are listening.
Nothing stops the flow of this golden information quicker
than when he thinks that you are
not listening.
Relax: Sit back and make your prospect
think his words are the most interesting thing you've
ever heard. (Because at that moment, they are!)
Concentrate: Don't think about what
you are going to say next instead concentrate on every
word your customer says. Keep them talking:
Remember, the information is in the prospect's head.
Your job is to gather it by keeping them talking.
Keep your questions simple: Avoid asking
long, convoluted questions and using jargons. It breaks
the momentum. Wait for three seconds:
When you think the prospect is finished count till three
slowly before you respond. In doing so you will give
yourself plenty of time to formulate your next question/
response, you will appear to be totally engrossed in
what the prospect is saying and may encourage him/her
to open up further. Do not interrupt:
Never ever interrupt the customer. By interrupting you
are stopping the train of thoughts and this is a common
blunder committed by most sales person eager to sell.
In using these simple professional probing techniques
and listening carefully to the answers, you will truly
establish yourself as a consultant who finds what's
important, fills those needs with the benefits of a
product and makes specific recommendations. More importantly
it will help you build a professional relationship.
So probe, don't pitch - it's the clue to selling smarter
not harder! |