Categories
Sales & Marketing

Dead Man Talking

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If you are in sales and you just keep on talking instead of listening, you’re a DEAD MAN! Well, not literally, I hope. But as far as getting that sale, you might as well be walking among the non-living because chances are you won’t win over that client. They say that if you cross Selling with Talking, you get Stalking. So let’s not stalk our customers. Your goal should be to ask the right questions in order to get the prospect to talk as much as possible. The more they’re talking, the more you’re learning – learning about their needs, pains, requirements, and what it is that you might be able to help them with.
Listening is not something that comes natural for many people since it is human nature to prefer talking. And when people talk, their favorite topic is…you guessed it… THEMSELVES! People love talking about themselves. If you don’t believe that, try this little game next time you’re on a cross-country flight. Try asking the person sitting next to you open-ended questions such as, “What kind of work are you in?” and “What made you decide to go into that field” and “What sort of challenges do you find are most common in the work you do?” Watch how quickly they jump all over those questions. Why? Because they get to talk about their favorite subject – Themselves. I used to do this when I flew cross-country for a couple of years and would actually say nearly nothing the entire 5-hour flight, while my seating companion blabbered on the entire trip. It’s fun to do this, albeit rather trying on the nerves. But it is an excellent example of my point, not to mention excellent practice to help improve your listening skills.
So why is listening so important? Well, for one, we already mentioned that people prefer talking to listening. So, as a sales person you are actually letting them do what they want to do the most. Second, listening builds trust by showing you have respect for them. Also, listening compliments people by showing that you care. These are all reasons for listening that benefit the talker, or your prospective client. But what about you — the sales person. How can listening help you?
The secret to getting your prospect to tell you everything is to simply listen. Acquiring the skill of good listening will increase the amount of money you earn, period…end of story. As I mentioned earlier, you have to ask the right kinds of questions first in order to get them to talk to begin with. Ask open-ended question, or questions that don’t require a simple yes or no response. Open-ended questions typically begin with the words Who, What, When, Where, Why and How. Build more questions based on the responses you receive from your previous questions. Ask questions about their company, their customers, their plans, what sort of challenges they are experiencing, what they did in the past to try to resolve those problems, and more. Get them to open up, then shut up and listen. You will gather very valuable information that will help you to better qualify your prospects and make the sale by getting them to purchase the exact solution to the problems they just described. But how do you listen?
A very good listening technique is called “Active Listening”. Active listening involves a bit of body language and verbal queues. When they are speaking, respond to certain points or topics with comments such as, “Really!”, “No kidding!”, “Wow!”, “What happened then?”, or “Tell me more.” This creates an interaction, but without you having to actually say anything. It also shows that you’re paying attention and interested. Also, listen with your body. Lean forward and toward the client to show you are interested. Never slouch or sit back looking too relaxed, else it will appear that you are bored and disinterested. Take notes. Even if they are not very meaningful or helpful to you later, taking notes shows that you are interested enough to log parts of the dialog for future reference.
Practice this at home. No, I don’t mean talk to yourself in the mirror and wait for an answer. I mean try this out on your family and friends. Try these same techniques on them and two things will happen. First, you will hone your skills for when you are in a selling situation, and we now know how that will help you. Second, your family and friends will realize that you really care and may actually say, “Wow, you are such a good conversationalist.” when ironically, you were just being a good listener. So don’t be a “dead man” (or woman) – Be a good listener and watch your sales increase.
RussLombardoPhoto.jpgRuss Lombardo is President of PEAK Sales Consulting, LLC and an experienced CRM and Sales consultant, trainer, writer, speaker and radio show host. Russ works with businesses to help improve their customer acquisition and retention for increased revenue and success. Russ is author of the books, “CyberSelling”, “CRM For The Common Man” and “Smart Marketing”. He can be reached at 702-655-5652 and emailed at russ@peaksalesconsulting.com.

Categories
Franchise

What Do You Need to Pass a Franchisor’s Test?

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Buying a franchise is a lot like marriage. Two parties enter into a relationship with the expectation of mutual benefit, long-term support and common goals. When entering into marriage, both people spend a great deal of time learning about each other and making sure they are a good match before making the commitment. The same is true for franchising. Both the franchisor and the franchisee gather information about each other and evaluate whether there is a good match. Although it may not be immediately evident, a franchise company is under no obligation to award a franchise to just anyone who can afford the franchise fee. In many cases a franchisor has as much or more at risk when a franchisee fails.
A franchisee that fails loses money, but a franchisor must report every failed franchise unit in a document called a UFOC (Uniform Franchise Offering Circular). This document is provided to each and every person interested in buying the franchise. A company that shows significant franchise unit failures will have a more difficult time attracting new franchisees. A failed store can also tarnish the brand.
Like any good business, a franchise company will want to populate their system with great people. Since franchising is based on a strong, consistent brand, a franchisor looks for franchisees who will present the brand in the most positive light. In the same manner, they only want franchisees that are able and willing to learn the system and work within its specific parameters.
In many ways, this is actually an advantage for women entrepreneurs. Historically, women are seen as better listeners and more likely to follow the set of rules provided by a franchisor. Experience in a particular industry is not as important as general business knowledge. Marketing and sales experience are often required and these are also areas where women tend to be strong and have experienced success.
When researching a franchise company, you will find that they may have as many questions about you as you do about the company. A franchisor is putting their time, money and reputation on the line, so most have developed a “profile” of a successful franchisee which they use to determine if you are “right” for their business.
While this may sound exclusionary, franchisors have a very good reason to learn what works and to stick with it. Successful franchise companies want their franchisees to excel. They have refined their systems around a set of standards they have learned franchisees need to thrive.
Yes, it’s true. You can’t buy a franchise as easily as you can buy a condo or a pair of Manolo Blahnik shoes. You must first pass the franchisor’s test. These are the most common items a franchisor looks for in a potential franchisee:
• Money may not buy happiness but you will need it to buy a franchise. Most franchisors have a minimum net worth and liquid capital requirement for their franchisees. While this may seem obvious, there are other demands on cash availability beyond the initial costs of the franchise – such as the length of time it will take your business to start making money and the living expenses you will have during that time. There are financing options available that may help you qualify if you are short of capital, however no good franchisor will want to see you start out your business heavily in debt.
• Personality is paramount to passing the “test.” Few businesses run themselves. They require hard work to get them up and running. There are some personality characteristics that seem to be common in all successful franchisees. Other characteristics are specific to individual businesses.
o Are you willing to follow a system or are you the type who wants to do everything your own way?
o Do you enjoy working with people?
o Can you lead a team of employees?
o Are you focused and decisive?
o Do you enjoy solving problems?
o Can you set and meet personal goals?
These are some of the questions a franchisor may have for you and your answers will determine not only if you can qualify for a particular franchise but also if you will be a successful franchisee.
• If the shoe fits, you’re a match. Fit is another area franchisors look for. Each company has its own culture and franchisors realize that a franchisee must be comfortable with the corporate staff as well as the other franchisees – and vise-versa.
• Does experience matter? Franchising is one area of business where your specific experience is less important than other factors. That’s because of the excellent training provided by most franchise companies. In truth, many franchisors prefer franchisees without industry experience because it is easier to train someone in a franchisor’s system than it is to “un-train” a franchisee who has ideas that may conflict with the way a franchise system works. Again, it is the overall business experience you’ve attained through life that will make you a “star” in a franchisor’s eyes. One attribute that is required by most franchisors is that you have business acumen and understand how the parts of a business contribute to the whole.
The goal for every franchisor is successful franchisees. As much as you may want to qualify for a franchise opportunity that interests you, remember that the franchisor has the background and experience to know what type of person makes a good franchisee in their system.
Those strappy sandals you want may look great but it they don’t fit, you’ll be unhappy in the long run. The same is true for buying a franchise. It really has to be just right for you to provide you with the opportunity for long-term success, so passing a franchisor’s test is just another way to be sure you’ve chosen the right business.
KimberlyEllisPhoto.jpgKim Ellis is the President of Bison.com, a leading online resource for franchise and business opportunities. She has been quoted as an industry expert in USA Today, Wall Street Journal and a variety of local and regional publications regarding trends in business and franchising. Kim combines her entrepreneurial spirit with a diverse background in marketing and operation to help others succeed in franchising.

Categories
Entrepreneurs

Attitudes and Behaviors of Successful People

I found three things that inspired me and helped me understand that the small business market is alive and well. Companies that are doing well exhibited three primary behaviors: the business owner exhibited a positive attitude, the business created and implemented a sound business strategy and they had the discipline to stay focused on the strategy.

The attitude of the business owner is the single most important principle described in the book. The owner must accept 100% of the responsibility for the results of the business. When responsibility is accepted, action can be taken to make the necessary changes to accomplish the desired results.

When success is achieved, these owners are generous in giving credit to others within the organization. Without exception, the most successful business owners understand it is all about people: hiring and retaining the right people, eliminating ineffective people, and providing the necessary resources for employees to master their tasks.

Having and implementing a sound business strategy is next. A large complex strategy is not necessary; a one page document will do. However, the business strategy does need to be well thought out, carefully crafted and well executed. The business strategy will define and drive the activities and behaviors the organization must execute to become successful. If you do not have a business strategy, the organization becomes like a ship without a rudder – it can’t be steered – it just goes in circles. A business strategy should include such things as: a financial plan, marketing differentiators, product strategy, and employee retention strategy, etc.

The other two attributes become much more effective when discipline is in place. Discipline can be defined as “staying the course,” and executing the strategy. The most successful companies understand the value of discipline and they work hard maintain the course defined by the business strategy.

A poorly crafted business plan that is well executed is far superior to a well-crafted business plan the sits on the shelf.
Discipline is not overreacting to market changes, staying focused on your core markets, and measuring success as defined in the business plan.

Business success is contingent on these three principles: attitude, strategy, and discipline.
Attitude is composed of seven different behaviors. If you would like to understand those seven behaviors in more details, please watch this 10 minute video:

http://video.yahoo.com/video/play?vid=548203

Categories
Online Business

Telecommuting – Five Ways To Find Your Next Job

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The trend of telecommuting is on the rise as employers begin to see the savings involved in both gas and office space. With gas prices at an all-time high, many Americans are looking for ways to do less driving and more companies than ever before are offering telecommuting options to their current employees and searching for at-home employees to fill open positions. The question for the job seeker is now how to find these opportunities. Below are five methods you can use to find a telecommuting position.

First, check your local newspaper. When I began my search for an at-home career, I found my first employer through the Classified Ads section of our hometown paper. I was wary at first, but after thoroughly researching the company through means such as the Better Business Bureau (BBB), visiting the corporate office and meeting some of their current employees I found the company to be legitimate.

Second, search online using website such as Monster.com and Dice.com. However, listings found online must be researched carefully to avoid the scams that abound on the Internet. There are also websites that will you allow to do job research in your own community. One such website is Craigslist.com on which you can choose a city and then refine your search with keywords such as “telecommute.”

Posting your resume on websites such as Hotjobs.com is a third way to locate at work-at-home job. Putting your resume online can bring employers to you, depending on your skills and qualifications. Another bonus of an online resume is that you can easily direct prospective employers to view it. It also makes life a bit simpler when applying for jobs, because you can attach your online resume instead of typing out your job history, qualifications, and so on, each time you apply for a job.

When posting your resume on the web, be sure to create an accurate and impressive representation of your abilities. You don’t want to be wordy when describing past job experience, but you do want to be specific about the roles you’ve held as well as your accomplishments.

A fourth option when looking for at-home employment is to open a phone book and call businesses in your area. For example, if you’re interested in doing administrative work, you might contact churches and small businesses in your area to see if they are looking for office help. Even if they are not currently seeking help, they may know of another business owner who is.

Along those same lines, the fifth way to become a telecommuter is to create your own opportunity. For example, instead of finding a company that will hire you as an administrative assistant from home, consider starting your own business as a Virtual Assistant. You can offer your services to many companies, which can both increase your income potential and allow you the flexibility of deciding which jobs you’d like to accept.

You can also create your own telecommuting position by talking with your current employer about work-at-home possibilities. More and more companies are finding that at-home employees are just as productive as those in the office, if not more. Companies also benefit financially by lessening office space and avoiding the costs of many office supplies. Many companies who are not ready to hire at-home workers will allow their current employees to work one or two days from a home office, so be sure to discuss this option.

The telecommuting field has become highly competitive as more and more people find that working from home is a possibility. Searching for a telecommuting position can be daunting, but by looking in strategic places such as online and in your local newspaper, you’ll have a much better chance. No matter, how you find your telecommuting position, make sure it’s something you would enjoy doing and also something you can make money at.

Categories
Branding

TV Advertising: Not Just for the Big Guys Anymore!

Producing a television ad can seem a daunting and expensive task. Fortunately, with today’s easy access to TV production tools, creating a TV spot is well within your reach. One caveat: While making a TV ad can be relatively easy, producing a GOOD one is much more challenging. Don’t get so caught up in the production process that you lose sight of your advertising objective – it’s not creative unless it sells! With your advertising message in mind, the three critical stages of video production are:
1. Pre-production – Planning, writing, scheduling, location scouting and all of the preparation and details before a frame of video is ever shot.
2. Production – The actual video shooting of the ad. Depending on your needs and budget, this could be anything from a one-camcorder shoot to a multi-camera Hollywood extravaganza. For this reason, it’s hard to generalize about how much a TV spot will cost.
3. Post-production – While on the shoot, you may hear the common refrain, “We’ll fix it in post.” Post is where everything comes together to produce the ad – editing, graphics, music, titles, voice over, special effects and, eventually, a “final cut.”
Here are 8 steps to producing your own television ad:
1. Set clear goals and a budget
Know and communicate your marketing objective. Determine your budget and develop a plan. What do you hope to achieve with your TV ad? Where, when and how frequently will it run?
Links and resources: Ad placement can affect your overall production budget. Consider low-cost options, such as cable or the local affiliates of ABC, CBS, FOX, NBC, PBS. Or find your local cable provider in the CAB directory and contact the advertising sales division for rates.
2. Determine your target audience
Television is still a mass medium, but you’d better know your target before you shoot! Who are you trying to reach, and will your message resonate with your intended audience?
Links and resources: For a reasonable monthly fee, DemographicsNow.com offers access to comprehensive market data to help you understand your customers.
3. Write your script
Craft your message and determine your content. Be sure to refine your script and storyboard — a visual representation of each shot in your ad — until you’re convinced the commercial is ready to shoot. If you’re not a scriptwriter, consider hiring an ad agency or a freelance writer to craft your ad.
Links and resources: NationalTVSpots.com offers scripting services as part of its TV ad production packages. Find screen and scriptwriters at Guru.com.
4. Plan the shoot
You’ll need to decide on the “creative” for your TV ad. Considerations include tone, pacing, mood, style, music, etc. Should it be humorous? Dramatic? Animated? The clearer your vision before the shoot, the better television you’ll produce.
Links and resources: Cheap-TV-Spots.com, which specializes in producing low-cost spots for entrepreneurs and small businesses, will help you focus your TV ad on what makes your business unique. Spring for a full-service production firm, such as BluelinerMarketing.com, if you want professionals handling all the planning as well as the execution of your commercial.
5. Consider ready-made video
Cut production costs dramatically by using existing advertising video footage and simply adding your audio message to it.
Links and resources: For about $500, SpotRunner.com lets you choose from an extensive library of high-quality ads that you can customize with your own message.
6. Use cable production services
Many cable companies and network affiliates offer production services to small businesses. If you’re going to place your ads with them, you may be able to negotiate deep discounts on production costs.
Links and resources: Contact a local cable company, such as Time Warner Cable, to inquire about their production services.
7. DIY
Cut costs and maintain total control by shooting your ad yourself.
Links and resources: Software called “Visual Communicator” from Serious Magic allows you to create pro videos with just a Webcam and some pre-packaged graphics and effects.
8. Fix it in post
Post-production is “where the magic happens.” Edit the footage from your shoot, adding music, graphics, effects and finishing touches. If you hire a production company, they should handle this for you.
Links and resources: If you’re taking the DIY approach, use a simple program, such as Apple’s iMovie or Final Cut Pro.
LouBortonePhoto.jpgLou Bortone is an award-winning writer and video producer with over 20 years experience in marketing, branding and promotion. As an online video expert, Lou helps entrepreneurs create video for the web at www.TheOnlineVideoGuy.com. In addition, Lou works as a freelance writer and professional ghostwriter, with a ghostwriting site at www.GhostwriteForYou.com and a blog at www.GhostwriteGuru.com.