WIINING NEW CLIENTS - TIP OF THE WEEK NO. 7

CLOSING THE SALE

Don't forget to ask for the order! Do I hear you laughing? You would be surprised how many people make the sales presentation and don't ask for the order. Prospects don't "close" themselves. Whatever you are selling – products, professional services, consultancy - you have to ask for the order. Don't leave it to chance, plan your close in advance. How are you going to ask for the order, what will your close be, have you got the answers to objections ready? We all plan opening the sale, we rarely plan how we are going to ask for the business.

WINNING NEW CLIENTS - TIP OF THE WEEK No. 6

ARE YOU NEGOTIATING TOO EARLY AND EATING INTO YOUR MARGINS?

The negotiation starts and the selling stops when the customer's need for the product or service is equal to the seller's need to sell it. In other words, figuratively or literally, the customer is saying "I am buying, from you, subject to terms". Frequently, however, the sales person offers discounts or incentives before the customer is really ready to buy. This tells the customer you will drop the price and may even leave the customer thinking you are over priced. Make sure before you start negotiating that you have asked your prospect "are you ready to buy?" - you may have more selling to do. Don't offer any incentive too early, you may end up having to offer even more later to close the deal.

WINNING NEW CLIENTS - TIP OF THE WEEK No. 5

ARE YOU REALLY SELLING VALUE OR JUST BOMBARDING YOUR CUSTOMER WITH MEANINGLESS FEATURES?

The dictionary defines value as “......the worth of something, compared to something else.....”. This is a great definition when you are selling, just because we think what we sell delivers benefits, it doesn't mean the customer does. What is of value to one customer is not necessarily of value to another. Your USP, the benefits you [possibly] deliver, your differentiaters, are all meaningless if they are not "of value" to your prospects, clients and customers. Ask questions about what the customer values, pitch only the capabilities of your product, service, profession that delivers value to that customer. If what you have on offer is not of benefit, don't present it!

WINNING NEW CLIENTS - TIP OF THE WEEK No. 4

ARE YOUR SALES VISITS CONVERSATIONS OR INTERROGATIONS?

How many sales visits do you make where YOU do all the talking? Especially on a first appointment, ask open questions - how, what, why, where, when, who - and then listen. Open questions make the customer talk, get descriptive answers and let you uncover their needs easily. Closed questions - will you, would you, do you, did you and have you - typically get "yes" or "no" answers and the sales visit quickly degenerates into an interrogation. The rapport breaks down, you make your pitch too early and before you really understand the customer's needs, you lose the order and the customer misses out on the benefits you could have delivered.

WINNING NEW CLIENTS - TIP OF THE WEEK No. 3

THE CONFUSION BETWEEN ACTIVITY AND RESULTS!

Advancement - any action you or your customer takes that moves you nearer to the order. Continuation - sales activity but no progress towards winning the order.

In reality how many of your sales calls and visits are continuation calls? OK, so you cannot expect the order on every call you make but you can move things along. Set an objective for every customer, prospect or client engagement. Develop commitment questions that advance the sale but are non threatening. "What do I have to do to get the order" is a little aggressive for some people. Try "What's the next step?", "Where do we go from here?", "Who else do we need to involve to move ahead on this?"

WINNING NEW CLIENTS - TIP OF THE WEEK No. 2

DON'T ACCIDENTLY INTRODUCE COST AS A PROBLEM!

When presenting your pricing or your fees don't use the word cost. Especially in the current economic climate, if you talk cost the prospect thinks cost. Your prospect is "investing" in your services or products because they will get a return on the spend. Never have a section of a proposal titled costs, always call this section "Your investment in [product / service] and the return". Never put "costing details" as an email subject line. Sounds crass, silly, nitpicking? Try it you will be amazed at the difference and the positive tone of the interaction with prospects and clients. More info on handling pricing and proving ROI.

WINNING NEW CLIENTS - TIP OF THE WEEK No. 1

IF A PROPOSAL IS WORTH WRITING THEN IT'S WORTH PRESENTING!

Does your sales process mean giving your prospect a written proposal? Then present it in person, don't send it. You should use a proposal to close the order not open the sale, this means you need to be there. If a visit is not practical, arrange a set time to telephone and with the prospect on the line email your proposal, present it and then ask for the order. More info on proposal writing.