Archive for July, 2009

Spin Selling, How to gain more orders without selling.

How can you get more customers to buy from you without selling?  

Well simply you can’t.  You will always have a salesman’s hat on it’s more how obvious and offensive the hat looks.  Neil Rackham wrote an interesting book for selling large ticket products or services and demonstrates through research the differences from small sales.  

The book Spin Selling chunks the process in to an acronym “Situation Question”, “Problem Questions”, “Implication Questions” and “need-payoff Questions”.  My take on the book is that through the process of questioning you can dig deeper to find out what the real pain point(s) are for your prospect.  Once you know what your customer is wanting you then ‘sell’ a solution to solve that pain.  Overall the book covers very well the key pain indicators and the differences of small sales and large sales.  An area where I think the book should have explored more is the more difficult measurable of emotion and behavior. 

These softer issues are often very difficult to recognize during a sales call or even while building a relationship with a prospect.  Successful sales people have a good sense about people and often do well as a result of this.  The question(s) that I think need to be asked are how to you improve your sales team or selling skills when you can’t see these important characteristics.  Should we even group or categorize people in order to sell more effectively.  

The sales process in large capital equipment must combine a number of key elements.  Understanding your customer’s true needs through questioning, knowing your customers emotional behavioral profile, understanding your prospects life views, and knowing your own personality characteristics all play an important role in making the sale.

 

Strategic Checklist for Successful Email Marketing

The key to any successful strategy is to continue to develop, review and refine to form a comprehensive strategy. Knowing what works and what doesn’t is critical in moving forward. Often marketers fail to see their own pitfalls for fear of being embarrassed or worse reprimanded. An open approach will allow you to see not only what didn’t work but more importantly what did. It’s the ‘did’s’ that you build on to improve your strategy.

Where to start when developing a framework for success?

For small companies an often overlooked area that has a huge impact is brand equity. Your company has a brand regardless of how small or large it is. Your customers, prospects and competitors know you and have developed their impression of you company. This is part of your brand and is better kept under your control then someone else’s. 

Email Marketing Strategy Checklist.

Email Branding

Message Design
Do you message reflect accurately your brand? When design your email and especially when you use a template it’s very important to make sure the look and feel is inline with your brand image.
Content
Does the content within your email follow your brand image? Does it compliment and strengthen your brand or does it confuse viewers?
Landing Pages
Landing pages are one of the best places to ‘brand’ your company. Make sure your landing page, destination pages And responders all follow a comprehensive brand image.
Opt-in
Your opt-in pages and processes must follow your brand strategy. Remember that first impressions count and opt-in pages are set the tone. Make sure this page strengthens your brand equity.
Welcome Messages
Do your messages deliver the same message your brand does? When welcoming a new prospect this page sets the tone for how they see your company. Make sure it fits your overall brand strategy.

Segmentation

Demographics
Are you tracking and using every piece of information you have on your contacts? Don’t stop with the first name or company name. Look to more common facts shared throughout your database. Focus and deliver your message to like groups and speak in a way that addresses their needs.
 
Click Through Activity
What happens after you send out the email? Are you tracking analytically data on your website and closing the loop with your email campaigns? This is a great opportunity to can insight and measure the effectiveness of your email marketing efforts.
Purchasing Activity/Conversion
Can you segment your lists to show conversion history and purchasing? Integration of conversion data with your segmentation processes will give you a clearer understanding of these groups. 
Variable Content
IS your content the same for all segments? If so you are missing a great opportunity to focus and target your message. Define your segments clearly and use these boundaries to develop your email content.
Click Stream
What happens after they click? Look beyond the initial click to track what happens next. Knowing where users go after the initial click can give you valuable insight to each segments behavior.
Conversions
What are your conversions? Do you simply count purchases or do you have other measurable for conversions? Have a few different conversions to measure; remember your users and segment groups behave differently.
Basic Analytics
Do you measure the basic information on your website? Tracking and watching simple items on your website will open the door in to patterns both as a whole and for each target group. 
 
Building an effective email marketing strategy requires regular review and refinement. Begin with defining some common and measurable characteristics within your industry. As you refine your strategy you will add new items and define more clearly others. This process and the analysis of data collected will begin to show patterns and behaviors that in turn will help to drive your marketing strategies and business goals.

The Seven Dirty Words you must avoid in email marketing

George Carlin’s famous “Seven Dirty Words” you can’t say on TV definitely applies to email marketing. There are simply certain words that will cause you, and your email, to be instantly rejected. If you’re writing for your own company or providing a service to others you must proof your copy, and more than once.

There are more words and phrases to avoid when writing email campaigns. Here are a few to get you started.
  • Free
  • 100% Free
  • Amazing
  • As seen
  • Call now
  • Earn
  • Compare
  • Opportunity
  • Make Money
  • And so on…
 
I think you’ll get the point when you read through the list. When you write your copy and especially the email subject line read it as if you were one of those late night infomercials. If your subject line reads just like one of those commercials it’s probably a good idea to re-think things. Email marketing is an ever changing art. Email clients, spam filters and corporate firewalls continue to update their ‘profiles’ and keywords to stop junk mail from entering their system. To get the most from your email marketing campaign think of the end user first. Not your business or product. Create catchy subject lines that speak quickly and directly to them and lead in to your hook.
Write a few different versions of the same subject line. If you’re database is large enough try to split the list in to the same number of groups as you have subject lines. Send out each subject line to measure the reaction and acceptance of you target group. Do this every time you send out an email and keep track of what ones work. There will be a trend in the way you write them and once you figure that out you can more easily and effectively connect with your customer base.
 

Simple selling tips – listen to your customer, they don’t want apples.

Often sales people are hungry for the order and will do almost anything to get it.  It’s the drive and desire to win that keeps them going and keeps business alive.  So how can you sell more, keep that drive and be successful?   

To often inexperienced sales people get in to the fight.  The fight against competition is one you simply don’t want to get yourself in to.  This is where you will lose most of your potential orders.  It’s the sales person who listens carefully to the customer and offers what they want, not what the competition is.  I just had a conversation with an experienced international sales manager.  He explained to me how he ‘stole’ an order from the competition.  He won this order by keeping in touch with the customer daily.  He would offer a solution; the competitor would match it and up the ante.  He would return the folly and do the same.  This went back and fourth for a few weeks.  Included in all this were lengthy and expensive trips to the customer’s location.  The order was won because the competitor was flying back on a Friday when our salesman pushed the customer to buy.  It was shear luck that got the order.  Although the salesman may disagree it was just play luck.  If the roles were reversed and he was flying back they would have won.

So what can you learn from selling apples?

Well in the story above both companies were selling apples, they kept on changing slightly the type of apple.  So what should have been done?  From the outset you must separate yourself from the competitor.  You must make a wide enough difference that the customer doesn’t see you as the same.  Now you are selling a basket of fruit and the competitor is selling apples.  I’m not suggesting you selling everything under the sun but rather you sell what the customer wants.  It’s at this point where the customer buys in to your solution.  Too often sales people see only the fight against the competition rather then the order with the customer. Oh, by the way, the order above was for $1 million dollars, not a small deal.

So next time you’re in the fight remember to listen first then react.