Categories
Communication Skills

A Powerful Sales Technique Courtesy of Honest Abe

Article Contributed by Jeff Beals

If you ask any historian to name the greatest leaders in western civilization, there’s a good chance the 16th president of the United States will make the list. He willed his country to victory in the gut-wrenching Civil War, issued the Emancipation Proclamation and facilitated the eventual ratification of the 13th Amendment, abolishing slavery.

A number of traits contributed to Abraham Lincoln’s greatness. He possessed a brilliant intellect. He had an uncommon amount of common sense. He was a thinker, someone who philosophically examined the world and crafted a rationalized set of personal beliefs by which he steadfastly lived.

While he was blessed with many talents, Lincoln’s greatest attribute may have been his ability to communicate. He was a skilled orator who eloquently wrote many of his own speeches. He listened sincerely when others spoke. He empathized. He mastered the art of interpersonal communications several decades before the term “interpersonal communications” was coined.

It wouldn’t be a stretch to credit Lincoln as one of history’s greatest communicators. But of all the communications techniques he so successfully employed, there was one where he especially shone.

Abraham Lincoln was a remarkable storyteller.

Lincoln succeeded under some of the most difficult leadership conditions any U.S. president has had to face. To communicate is such times, he often resorted to stories. Instead of berating the incompetent generals who blundered in the Civil War’s early battles, Lincoln educated and motivated them by using stories. To smooth over ruffled political feathers with members of Congress, Lincoln would pull out a story and use it to establish common ground.

Among history’s eminent leaders, however, Lincoln was not unique in his reliance upon stories. Political leaders throughout the ages have moved the masses by using stories to communicate their political platforms. In modern days, big-time CEOs use storytelling to mobilize international staffs in the quest for billions of dollars of profit. Jesus Christ himself used parables and story-based lessons to enlighten his disciples.

Indeed, stories pack a punch. They’re powerful. They paint pictures. They work, because our human brains are conditioned to listen to and be receptive to stories. Long before the written word, and long before Gutenberg invented the printing press, people used stories to communicate histories and traditions as well as norms and expectations. In other words, our ancestors sat around the fire every night and told stories. The propensity to tell and listen to stories is essentially a part of our DNA.

So, if people are so receptive to storytelling, you and I would be foolish not to use stories in our work. Good storytellers tend to be effective leaders and successful salespersons. If you manage people, teach them and motivate them by conveying important information through stories. If you sell products and services, use a story to paint a picture in your prospect’s mind. By making the product or service part of a story, prospective clients mentally project themselves into the story. Once someone makes that kind of psychological commitment, they’re much more likely to buy.

Let’s say we asked the same prospective client to sit through two sales presentations for competing products. Both salespersons touched on features and benefits. Salesperson One was very straightforward and focused on delivering factual content. Salesperson Two was accurate but explained the features and benefits using stories. A couple of the stories were about previous clients who enjoyed positive results from using the product. I guarantee the second salesperson has a higher likelihood of landing the client.

One of the most important skills in sales is the ability to overcome objections. Well, if you get an objection, tell a story to keep the deal alive. Are you ready to deliver your close? Make it more desirable by couching it inside a story. Has the process become mired? Advance it by telling a story.

Whether you are managing a staff, selling a service, delivering a speech, trying to persuade voters to elect you or attempting to resolve a conflict between two of your colleagues, make it easier by spinning a yarn. Stories reassure people and disarm them.

As you make a commitment to including more stories in your daily work, keep a couple things in mind:

1. Stories must be relative to the situation at hand.

2. Know when to shut up. If a story goes on too long, it loses its effectiveness

3. Think about the work you do and determine what kinds of stories could be effective in certain situations.

4. Catalog stories in your mind. Look back on your own experiences as well as the experiences of your colleagues. Make a list of stories to have at your disposal, so you can use them whenever it’s expedient.

Every product, service, business and person has a story, probably multiple stories. The trick is to pull out these stories and use them to your benefit at the appropriate times. After all, if President Lincoln used stories to save a country, we would be wise to use them to save our businesses and careers.

About the Author:

Jeff Beals is an award-winning author, who helps professionals do more business and have a greater impact on the world through effective sales, marketing and personal branding techniques. As a professional speaker, he delivers energetic and humorous keynote speeches and workshops to audiences worldwide. You can learn more and follow his “Business Motivation Blog” at JeffBeals.com.

Categories
Planning & Management

Are You Trying To Make Pigs Fly (or Expecting Employees to Do Things They’re Not Cut Out to Do)?

Article Contributed by Skip Weisman

A common complaint is about employees who repeatedly fail to follow through on specifically requested tasks. The reason for the lack of follow through is often something like “not enough time, couldn’t get to it.”  I cringe when I hear business leaders admit they begrudgingly continue to “accept” this excuse. (Accept is in quotations because they don’t  really accept it, they became frustrated with it and want it to change as the status quo is unacceptable and negatively impacts on business results.)

When I first heard this from a couple of my own clients, I presumed that their employees just weren’t committed to the job and helping the company achieve its goals. I was told in both cases that was not an accurate assessment as these employees were “good employees that were always on time for work, rarely took days off and worked hard while on duty.”

I then said, “Then its just procrastination as they are not comfortable doing what you are asking of them and they avoid it. They are “yessing” you and always defaulting to activities they are more comfortable performing, letting your priorities slip.”

The next day I received a call from one of these clients saying, “You were right, she admitted to me she wasn’t comfortable making the calls I was asking her to make.”  No kidding!

You can’t make pigs fly!

And you can’t have a receptionist, hired because of a personality geared toward make people happy and liking your organization, make collection calls or missed appointment reschedules. You can’t have a vet technician who prefers to interact with animals over humans make outgoing phone calls for collections while also struggling with challenging conversations with patients over billing and appointments.

In small businesses I realize it is imperative for people to fill multiple roles and multi task. I get that. But if that is the job expectation, you better invest more time in hiring the right person for that dual role.

Stop hiring the first person that has some of the skills you determine are your highest priority and then try to squeeze in the other responsibilities after they’re hired, or without full disclosure during the original hiring process. This is bait and switch.

I coach my clients to paint the most challenging job expectations as possible so that reality will never be as tough as articulated in the meeting and have the employee sell themselves that they are a fit for contributing to that type of work environment.

Quite simply, you must invest time on the front end of the hiring process to:

1.    Create a job description that includes specific performance expectations and job outcomes and make it as comprehensive as possible for the position you are looking to fill.

2.    Develop specific behavior based questions of your applicants in the interview process that are geared to generate answers that will let you know how they would react to real life situations they may encounter in your work environment.

3.    Invest at least as much time in evaluating an individual’s personality, attitude and beliefs around work ethic, personal and professional growth and development, and working in teams, etc as you do investigating their work experience and education.

Make sure you have people who are working in their areas of strength 80% of the time if you want happy, productive employees.

Baseball teams do not have catchers playing center field, or third basemen coming in as relief pitchers. In football, quarterbacks do not play defensive line, and wide receivers do not kick field goals.

And, pushing a pig out an airplane door at 15,000 feet to try and teach them to fly will just give you a dead pig when they hit the ground with a loud “splat!” Trying to get employees to perform tasks they are not suited for will cause them to fall just as flat!

Are you trying to make pigs fly in your hiring and employee performance expectations?

About the Author:

If you are tired of avoiding and tolerating limiting behaviors in team members and aspire to inspire greater organizational and team performance, it’s time to take action. You can apply for a gratis leadership assessment session here: http://www.workplacecommunicationexpert.com/strategy-sessions/

Leaders and Their Employees Unknowingly Undermine Morale, Motivation and Trust in Work Environments.” The white paper is available as a free download for a limited time at www.HowToImproveLeadershipCommunication.com . If you’d like to learn how you can improve your work environment by improving communication contact him directly with any questions at 845-463-3838 or e-mail to Skip@WeismanSuccessResources.com

Categories
Sales & Marketing

Go Ahead and Fire Your Customer

Article Contributed by Mark Hunter

We all have at least one – a customer with whom we just don’t like working.  Before you get too excited thinking I’m going to say it’s okay to fire any customer – regardless of the reason – guess again.

What I am talking about are customers we don’t like because after we do everything we do for them, we simply are not making any money from them.  Not making any money off of a customer goes beyond your commission or bonus. It’s the bottom-line profit your company is not making because of the customer. No salesperson is going to intentionally go out and find unprofitable customers, but too often we do end up with a few of these.

We wind up with unprofitable customers not because of the price we’re charging them, but because of the intensity of their demands and requests.  You know what I’m talking about.  It’s the customer who seems to always want one more thing. No matter how good of service you think you’re providing them, they keep asking for something more.

The problem we get into is the more we serve the customer, the more they expect from us.  Each time we help them, they come away thinking of something else they want from us.  These ongoing demands on your time (and the time of other people in your company) are what quickly erode profit – turning a once profitable customer into one that is completely not profitable.

What is even more disturbing is that often this dynamic happens so slowly that we don’t even realize how unprofitable they have become.   This “slow drain” means that it usually gets way out of control before anyone realizes how bad the situation is.

To be able to determine which customers need to be “fired,” you must become more discerning of customers who place too many demands on you and/or other people in your company.  It is absolutely essential you get control, because if a customer becomes high maintenance, there is a great likelihood they will remain high maintenance.

As the salesperson servicing the account, you are often the one in the best position to realize how high maintenance the customer has become.  More than likely, most of the customer’s requests are flowing through you. You then dole these requests out to the respective departments, but collectively all the departments do not see the big picture of everything the customer is demanding.

Once you spot a trend with a customer making multiple service requests, you must begin detailing the cost involved.  A detailed account of what has transpired will help when you and management need to decide how to deal with the customer.

Once you have identified an unprofitable customer, you and your company must decide what is going to be done about the customer.

Too many times, companies roll over and play dead and allow the customer to continue to be high-maintenance.  In the end, the only thing that happens is profit is lost and sales motivation is depleted. You and other people in the company become disenchanted with the amount of support devoted to a customer who never seems to be happy.

If, on the other hand, smarter heads prevail, then you and management will realize something needs to be done to rectify the situation.

There are two options:

  1. Confront the customer. Your objective is to decrease their requests.
  2. Increase their prices. This will offset the additional costs you incur serving the customer.

Personally, I prefer option #2.  The reason is simple. Increasing their price either restores your bottom-line profit or they reject your price increase and leave. Essentially what this option does is allow you to make the profit you need – or it releases you from a customer who is draining your profit.   Either way, you and your company are winners.

This is a much better option than the first choice of confronting the customer. I’ve found that confronting the customer tends to create a level of tension that winds up as long-term friction. Ultimately, no one is happy.

If you raise your prices for those difficult customers, you will gain the profit you need or the customer will walk away. The beautiful part of using this approach to “fire” your customer is that they leave without you ever having to tell them you are firing them.

Profit is good.  Don’t sacrifice it in the name of “good customer service.” Wisdom tells you that the best service is that which satisfies your customer and allows you to make a profit.  Your time is best spent on profitable activities. For more information on implementing a price increase, consider this article section of my website.

About the Author:

Mark Hunter, “The Sales Hunter,” is a sales expert who speaks to thousands each year on how to increase their sales profitability.  For more information, to receive a free weekly email sales tip, or to read his Sales Motivation Blog, visit www.TheSalesHunter.com. You can also follow him on www.Facebook.com/TheSalesHunter, www.Twitter.com/TheSalesHunter and www.LinkedIn.com/in/MarkHunter. Reprinting of this article is welcomed as long as the following is included:   Mark Hunter, “The Sales Hunter,” www.TheSalesHunter.com, © 2011

Categories
Online Business

Five Tips to Starting an Ecommerce Store

Article Contributed by Marc McDermott

Starting a web store can be a very profitable venture. Every day millions of people across the world turn to the internet for their shopping needs. Your e-commerce store can be just what they’re looking for. Here are the top 5 things to know when starting an e-commerce store.

#5. It Pays to Drop Ship

Drop shipping is the process in which online stores send products to their customers from a centralized warehouse in a different location than the actual store. When a customer buys a product from your store, the drop shipping company sends the product to the customer. The e-tailer never has to carry inventory or worry about shipping. They simply pay a fee to the drop shipper, who handles all of the inventory management and shipping. They will even ship the product with your company’s logo on the package.

#4. You Can Build Your Store Without Breaking the Bank

Many new entrepreneurs think that they need a fancy website to attract customers. While a great design may be eye-catching, you don’t have to spend thousands of dollars on expensive graphic design services or a dedicated web designer. There are many sites that offer low-cost templates that you can use to set up your store instantly. Simply replace the stock pictures with your own photos and you’re in business. A great place to start is ThemeForest for templates and Magento for a free store platform.

#3. A Merchant Account is a Must

When you set up your store, make it easy for customers to pay for their purchases. A merchant account will allow you to accept major credit cards on your site, and encourage your customers to spend more money. Studies have shown that customers spend more when they use credit cards, so make it simple for them. Merchant accounts are easy to set up and, in most cases, can be set up within a few hours. Sign up for a merchant account today and watch your sales skyrocket.

#2. Be the Master of Your Domain

A catchy and short domain name is one of the fastest ways to drive customers to your site. Although most one-word domain names have been purchased, you can add in a local word to attract attention. If you’re selling pet clothing, try www.dallaspetclothes.com for example. This will make it easier for search engines and customers to find your site.

#1. They Can’t Buy if They Don’t Know It’s There

Many e-commerce business owners spend thousands of dollars in fancy websites and new inventory but lack the customer base to make their business profitable. The most important part of starting an e-commerce store is to market your business. If nobody knows about it, they can’t find it. Brush up on your SEO (search engine optimization) skills and join a few social networking sites and watch your business flourish.

About the Author
This guest post is contributed by Marc McDermott, who writes on the topic of small business, ecommerce, and credit card processing. He welcomes your comments at his twitter id.

Categories
Entrepreneurs

A Small Business Entrepreneur’s Top 10 Playbook

Article Contributed by James Donaldson

As a small business entrepreneur for over 20 years and a former professional athlete with a career that spanned about the same amount of time, I’ve been able to utilize aspects of both those endeavors that have helped enable me to become a successful small business person.

Like a well played game, all businesses will go through their natural cycles of ebbs and flows. You, as a small business entrepreneur, need to know when to call a timeout, change out your players or when to run another play. Sports has taught me the value of team play, camaraderie, working towards common goals, learning from your temporary setbacks and the ability to pick yourself up, dust yourself off, and keep on going.

If I were to put together a top 10 list of “must haves” whether you’re a startup company or a well-established business, it would go something like this.

# 1: Have a Vision –

Where is that you see your business in 3 to 5 years? How do you want it to look? How do you want it to run? Do you have a business plan? Do you have a Mission Statement? Do you have a Vision Statement? What is your succession plan?

# 2: Believe in Your Talent –

Talent by itself is never enough. There are a lot of times that people who have tremendous talent come up way short of ever fulfilling their potential. You have to believe in your talent, be passionate about your talent, continue to invest in your talent and surround yourself with the best talent available.

# 3: Assemble Your Team –

A smart business entrepreneur makes sure that he or she is surrounded by talented professionals and not just a bunch of “yes” people. It’s essential that you have a professional corporate attorney, CPA, financial advisor, bookkeeper, insurance person and a front office manager as part of your team. An attorney and CPA are must from the start, and you can add additional pieces to your team as you grow.

Be sure that you take the advice of your professional advisors, after all that’s what you pay them for. You may not always like what they have to say, but it’s important to listen to them.

# 4: Empower Your Team –

Equip your team with the resources that they need in order to be successful. In addition to helping them be successful, you’ll be successful too. It’s tempting to take shortcuts in order to save money, but it’s important to keep your team up to speed in this day and age of high technology and development.

Your team will consist of professional advisors and everyday employment personnel. No matter what position they occupy in your business, it’s important that they have the tools that they need in order to help your business be the best it can be.

Another thing to keep in mind is to delegate responsibility and decision-making capabilities to various personnel throughout your company. An employee, who feels empowered by the owner, is a much more productive employee.

# 5: Peer Networking –

One of the most valuable activities that you can involve yourself with as a business owner is networking with your peers. There are numerous opportunities for you to get outside of your business and network with other business owners.

There are groups such as the Chambers of Commerce, Rotary, Business Associations, and several weekly or monthly membership-based networking groups. Make sure that you attend one or two networking activities a month in order to promote your business and find out about those businesses in your community.

# 6: Realize Early on That You Don’t Know Everything –

Most business owners find themselves at various stages of their businesses, having to wear a multitude of hats. That’s okay from time to time, but it’s also important to keep in mind, that there are probably other people out there who can do a much better job than you can simply because they can bring a different perspective. Every business owner will find themselves at the early stages of their business for fulfilling just about every role imaginable, be it answering phones, scheduling clients, marketing and/or keeping the books,…. and that’s fine from time to time (matter-of-fact it’s good to learn every position in your business) but you don’t want your business to rely on you having to fill every role.

As soon as you’re able, delegate responsibilities to others on your team so that they feel more valuable, and it eases the workload on you.

# 7: Realize Early on You Can’t Do Everything –

Similar to what’s above, realizing early on that you can’t do everything is a key to business success. There is a very high “burnout” factor for owners who have an “I – can – do – it – all – by – myself” attitude and refused to delegate responsibilities to other members of the team. You may feel like no one can do it better than you can (and that may be true), but if you want to keep your team engaged with a sense of ownership and empowerment, it’s important to delegate responsibilities to them because it shows a sense of trust and confidence in the rest of your team.

There will be plenty of opportunities for you as a business owner to “burn the midnight oil” so you might as well wait for those opportunities to roll around and be well rested and prepared.

# 8: Stay Current –

With technology advancing at warp speed, it’s important for every business owner to stay up-to-date with some of the latest and greatest resources to help your business. It’s true that there’s so much out there that one cannot possibly absorb it all, but that goes back to the matter of you needing to be an owner who can keep his/her “head up” to see the big picture and opportunities in front of you and not get wrapped up with a “nose to the grindstone” mentality and approach.

Be adventuresome and daring in trying new techniques and technology that can help enhance your business. It’s okay to take a “trial run” at various techniques just to see how they may fit into your business. One thing is certain, “nothing stays the same, and change the only constant”. You’ve got to keep up with the ever-changing world that we live in.

# 9: Don’t Be Afraid of Change –

Even if you feel that you aren’t changing, the world around you is. More importantly, if you aren’t changing, you can bet that your competitors are, and most likely trying to change for a competitive advantage over you.

It’s only natural for us to get complacent and doing the same old thing because that’s what we’ve always done.

I’ve got a great quote on the wall in my office that says “change is inevitable …. but growth is optional”. I don’t know about you, but I choose to grow.

One of the advantages of having a diverse team is the fact that they offer a broad range of perspectives and opinion. Older employees tend to stick to a tried-and-true method that may or may not be outdated, while younger employees have fresh brand-new ideas that you may want to consider implementing if the time seems right.

# 10: Find Your MVP –

In order for a small business to thrive, it’s important for it to operate as a team. In order for a team to thrive, it will have many movable and variable parts that need to stay coordinated together.

Every team has an MVP (Most Valuable Person) who the owner feels comfortable and confident enough in to have that person has his/her “Go – To – Guy”. For me that person is my operations manager, Rosemary Bennetts, who has been with me from day one over 20 years ago.

Your MVP may or may not be the most visible or well known person on the team. Your MVP may be someone who is tucked away in a back office, with their sleeves rolled up, and battling daily in the trenches in order to keep your business running. Your MVP may be your front desk person, or your hot shot salesperson that you have out in the community. Whatever the case, work closely with your MVP (they most likely know how the business works better than you do) and recognize them and appreciate them in an appropriate manner.

About the Author
Donaldson is the author of Standing above the Crowd: Success Strategies in Athletics, Business, Community and Life. For more information go to www.StandingAboveTheCrowd.com and/or contact him at JamesD@StandingAboveTheCrowd.com