Ali Ghaemi

Oct 142011
 

THE BOOK OF QUITTING OR PERSISTING

 

 

The Dip is an easily digestible self-help book comprised of 80 pages in short form with a simple message. Godin implores the reader to quit when appropriate, brave it when the circumstance demands it and to recognize the dip, which is a trough or low-point that may or not be the catalyst for success.

According to Godin one can face three situations. These are characterized as curves and are:

-The Dip: the period or stretch between kicking off a job, a project or the work required between the beginning and fruition. The author advises one that quitting ahead of time – i.e. not starting – is necessary if one is not going to be the best at something. Godin, however, values the best greatly and emphasizes that the super stars are number one because they recognize the right potential and slog in-between. These types fight through and come out winners at the other end of the dip.

-The Cul-de-Sac (dead-end): is a job, process or plan that simply put is going nowhere. The author wants you to quit and to insist your friends quit too when in a cul-de-sac. Don’t wait, he insists, quit now and save your time and life.

-The Cliff: is the rarer case where there is a deep and dangerous plunge at its tail-end. Godin’s example is smoking and the consequent emphysema. There is a sharp drop at the end of The Cliff.

The Dip is slightly better than the average ‘advice’ or ‘help’ book. Compared to malicious stuff like QBQ that tells employees to become modern corporate serfs Godin does have a point. It encourages people to be realistic and quit when necessary with pride and courage or persist and work through given good potential. He does prescribe quitting ahead and not avoiding pain as well when the dip is not right.

Having said that, it is not quite clear how one would identify a dip versus a Cul-de-Sac. While he invites one to ask himself whether measurable progress is being made that in itself is hardly simple or self-explanatory. The metrics are missing of course. It is too bad, but at least the author does insist that suffering in silence or feeling like failures when quitting are not virtues. Coping is actually a culprit.

Oct 132011
 

I attended the Microsoft Dynamics AX 2012* ‘Dynamics Businesses’ event at the Toronto Congress Centre earlier today.

In addition to Microsoft representatives, the event featured Roger L. Martin, the dean of Rotman School Of Management, and Mario Bartolozzi, Vice President of Information Systems at LS Travel Retail.

Here are several things that the speakers noted:

  • Successful companies do a number of things exceedingly well. It is not just one thing that a company does well. If it were only one thing it would be copied and replicated. The secret to the success of industry leaders is that they do a system of processes exceptionally well.
  • Microsoft asserts that Dynamics AX 2012 is designed to for Flexibility, Diversity (of business), Simplicity (of processes, reduce redundancy and automate) and Empowerment (of employees), which the company believes is what successful modern businesses need to cover.
  • Incidentally, Martin insisted that, unlike any other business on the planet, the software business is infinite and has no limit. Software can fit anywhere and do anything and the sky is the limit.

 

*I do work on behalf of Microsoft

 

Oct 052011
 

In the same way that an effective salesperson makes the customer the focus of his conversation, effort and work – as opposed to talking about and focusing on himself or his company – in order to succeed, an effective presentation is all about the customer. The focus should be on translating all the knowledge of the customer to a presentation about the customer.

 

One simple way of accomplishing this is to ask those present at the presentation which topics they would like you to cover, what they would like to see or hear and which steps need to be covered. Your questions will demonstrate your knowledge of the customer’s environment. However, the danger one runs here is that the presentation, along with all the facts the seller has gathered, will go awry and the agenda and its flow will turn to incoherence.

 

Solution? Suggest the topics, ask whether they cover everything the audience expects, add/augment/complement or subtract the presentation accordingly.

 

Both the seller and buyer are happy.

Sep 262011
 

Many companies commission research and surveys in order to gain publicity and drive their agenda. Line-of-business software vendor Sage has announced the results of its second international business outlook survey, Sage Business Index. The study, carried out by Populus on behalf of Sage, was conducted as part of a multi-country research program.

News:

“Survey findings revealed that Canadian small business owners showed optimism in  the prospects for their businesses and the country’s economy as a whole. On a scale of 0-100, where 50 is neutral and values above 50 reflect optimism and those below 50 denote pessimism, business owners rated their own prospects at 59.38 and for Canada’s economy at 56.09.”

Not News (because it is a never-ending refrain):

“…government bureaucracy and legislation (52 percent), tax relief (38 percent) and government’s handling of current economic challenges (26 percent) were ranked the top three worst aspects of doing business in the country.”

Ironically (because businesses want help, but don’t want the government to have the means to be provide it):

“Canadian businesses, particularly those with fewer employees, expect more support from their government. In fact, 63 percent of surveyed businesses responded that the Canadian government is not providing them with enough help”

The Sage Business Index survey reports are available at www.businessindex.sage.com .

 

Sep 152011
 

If you believe the B2C marketers sales is a numbers game. Cast as wide a net as possible and reap the maximum rewards.

Case in point: the credit card companies. Their mantra: offer the most number of people, the highest amount of credit, sit back and watch the filled out applications come in.

Sales technique: adorn the mass mailing with words like ‘exclusive’ or ‘limited’ or ‘deadline’ or ‘act now’. ‘Limited’ as in limited to 3,000,000 Canadians.

At which point does one cross from sales technique to cattle call territory? When will the government step in to regulate industries-gone-wild and their untrue statements?

 

*Things That Need to Go Away: Marketing that the company knows is false, the customer knows is false and the regulator allows.

Sep 092011
 

Kristin Condon is a Toronto-based recruiter specializing in sales positions. We picked her brain on what recruiters recommend and look for, how to get a job and the state of the job market.

 

 

– Kristin, could you elaborate on your experience and career thus far. What is your area of focus?
I have 13 plus years of recruitment experience – both agency and corporate. My current area of focus is sales recruitment of all levels, for all industries.

– What is some advice you would offer to individuals seeking a sales role or seeking a team management role? What traits are needed and what background is desirable?
This all depends on the level of role and industry – and there may be specific experience needed or required for example industry experience, inside sales management experience over outside, et cetra. Overall, most sales management roles are looking for leaders that have previous experience managing a team, someone who has previous experience as a proven salesperson and someone who is passionate about coaching and mentoring others.
As for Salespeople, desirable traits are previous experience, motivation, drive and being incented by money is key. Any sales metrics where they can show and prove their success – ideally on an incline in their career is key, that is how each role provides new and additional experiences. As far as advice please make sure to have voice-mail on your cell phones! So many salespeople do not and be sure to leave your name and number when you leave a message. Have firm handshakes, know your metrics like what is your sales quota, did you meet it or exceed it and if so, by how much, were you number one on your team? What was your average sale size? What was the sales cycle? Who do you sell into? Et cetra.

– What does a recruiter look for when interviewing, filtering and assessing a candidate for the above-mentioned roles? What would a recruiter appreciate from the candidate?
The ideal candidate is someone who is truly looking for a partnership. They value the recruiter and what the recruiter can do for them which is to get them in front of the decision-maker, give them all the necessary details so that they can properly prepare and give them feedback afterwards whether good or bad. A recruiter needs the candidate to have the right attitude – positive, thoughtful – and to know what they want. It is very difficult to help candidates that are looking for any role in any industry and don’t know what type of role or environment they like or at what they have excelled. A candidate needs to prepare properly. At the end of the day a sales interview really is a sales meeting. It is up to the candidate to sell himself to the hiring manager and to close the deal – or at least get to the next step in the process.

– Conversely, what are the bigger mistakes or faux-pas you have seen from candidates?
Candidates that try to wing the interview and don’t prepare; are not specific in their answers and are vague rather than giving specific examples; that are negative about past employers; that have too many excuses about why they were not successful and that have jumped around too much.

– Any recommendations or thoughts for individuals who are interested in a career change into sales or group management?
You need to expect to start at the bottom. The best sales role to get into is a hunting or business development role even if you only do it for a year or two. It will give you great insight into sales and help you evolve.

– How is the market as of today? What is the job market outlook for candidates in your territories?
Great! Sales is one of the best roles to be in – no matter what the market looks like, companies are always hiring sales people – they help grow the bottom line (smiles)!
Kristin can be reached at Kristin@salestalentagency.com or by calling 416-605-5964.

Aug 292011
 

“HE WHO ASKS THE QUESTIONS HAS THE POWER”

 

 

 

Secrets Of Question Based Selling is an odd title not to mention grammatically suspect. It sounds as if the book is making reference to a methodology that one has to study elsewhere and only then arrive at this book in order to acquire said system’s ‘secrets.’ Speaking of which, the book has over one hundred ‘secrets’ in boxes and captions, yet none of them are actually secrets. They are better described as tips or perhaps factoids. Even if they were secrets, which they are not, surely that can be no more since the book’s publication! Most are self-evident to say the least. Here is Secret #1 for example: “Salespeople are being held at arm’s length, and rejection is making it more difficult for them to stay motivated.” How about “Greater needs cause prospects to feel a greater sense of urgency for finding a solution and making a purchase”? Who knew? Sarcasm aside, and not to dwell too much, what is the book like? Well, it claims to double – not triple, improve incrementally or improve by 54%, exactly double – your sales.

Tom Freese’s book was recommended to me by a sales director and so I began it with anticipation. Nonetheless, it took me longer to get through it than most books. For some reason it was a lengthy and difficult read despite not being a long book or being written in difficult English. The book is likely verbose and has a difficult time getting to the point. It is divided into three parts.

Part I is a short course on the QBS Methodology.

Part II speaks to the power of strategic questioning,

while part III, to the books credit, gets into the Implementation of what one has learnt and moreover delves into the larger sales process including prospecting and presentations. This last part is partially like bonus material. Here Freese suggests taking the price/cost question that inevitably follows a presentation and pivoting it into the next step of the sales process including, but not limited to, asking questions as to where one stands.

 

QBS is a solid methodology and covers the fundamentals well. Certainly it borrows from a few other systems and gives the reader/learner a solid foundation for sales or a nice compact digest of everything in one place. Unquestionably, the concept of asking and asking and finding better ways of asking is sound and reasonable in sales. Nonetheless, there are several things to argue about. The introduction to the book erroneously claims that most sales trainings are not question-based. This seems inaccurate – unless there are many courses out there that have not crossed my path – yet the premise that questions uncover needs, standing, establish credibility and gain internal champions is spot-on.

 

Freese’s main hope is to have the reader stand out by improving the chances of a sales win by increasing the probability of success and decreasing the risk of failure. This, so far, is inexact as no two sales are identical and different processes will have to be followed, but having a parameter and methodology is a necessity. Freese is forthcoming in this regard. It follows that Freese believes his methodology of reducing risk increases productivity by increasing wins, enhancing excitement and diminishing rejections is the way to proceed. He notes that the average sale requires approximately five closing attempts which implies a lot of risk. Therefore, instead of sticking one’s neck out, he suggests probing for closure in the right way and at the right time. All this, by sending pings to gauge interest instead of directly asking, which might solicit an outright rejection.

 

Freese talks about ‘mismatching’ reminding the sellers that customers often engage in it almost subconsciously. People respond in a contrarian fashion. Seller: “can you see how we have the best solution?” Buyer: “well, you are not that good!” Instead of falling into that trap he suggests establishing ‘mutual interest’ which is achieved through strategic questioning until the buyer acknowledges a need. People mismatch because they are insecure and sellers must stop facilitating such responses. This thought suggests pushing for a sale is the wrong approach as it prompts buyers to reciprocate and push back harder. A better alternative is uncovering needs through questioning.

How? Reduce risk by 1- asking more questions and making less statements, 2- be more credible (diagnostic questioning conveys expertise and familiarity), 3 – make them curious, 4- ask, ask, ask and 5- Get into Momentum Selling. Freese wants the seller to become the messenger, not the message.

Here is where Freese introduces his notion of Gold Medals & German Sheppards. Some people strive for something (e.g. organic nutrition), while others run away from certain things (e.g. junk food). Find out which is which and work the angle. Some people might be considering both aspects. Based on that notion, strangely, Freese asserts that with QBS the customer’s personality type becomes irrelevant. That is hard to swallow for this writer. The real game in sales is changing latent needs to active needs (without needs the best salesperson is out of luck). That is, sellers need to transform ignorance into pain as most buyers are in the ‘latent’ category. This is where a process of mutual discovery works, one that turns prospects into informed buyers. Ask questions. Ask questions according to three definitions and categories: 1- Scope, 2- Focus and 3- Disposition. The conversational model of QBS, which is key to relationships, is:

 

 

It begins with creating curiosity. Page 104 suggests a script based on that notion (complete with a grammatical mistake) that suggests leveraging a name within the company when leaving a voice-mail or conversing in order to create curiosity in the customer’s mind. “since she (other person at the organization) didn’t know all the answers…” People buy from people and one has to build credibility first. After all, a salesperson does not initially have a relationship with the buyer. To build that employ strategic questioning by managing:

1-  Scope: How broad is your questioning? The more open-ended a question is the broader its scope. Yet, credibility is a prerequisite so open-ended questions are better for expanding questions and not for establishing them. Freese suggests asking a specific question and then delving into a series of diagnostic question.

2- Focus: Escalate the focus. Ask the right questions. Status (opportunity?), Issue (of prospect) and be analytical, Implication (of issue) and make it emotional, Solution (what is it?). Asking “what extent is ___ important” also avoids mismatching. Questions develop the relationship.

3-  Disposition: Since the situation changes it is important to know about the adverse factors involved. Not asking disposition questions or avoiding bad news limits one knowledge. Asking allows control since prospects are often reluctant to share bad news. This is why sellers mistakenly keep asking ‘hopeful questions’ like “we are doing fine, right?” Instead, it is better to ask ‘neutral questions’ like “are we going to hit the end-of-the-month deadline, or are we not going to hit that deadline?”

 

Additionally, QBS suggests we ask our buyers to become us and ask them what they would do were they in our shoes and what would the outcome of one’s action be. This is an interesting proposition. The book especially suggests trying this with an internal ‘champion.’ This is risky, however. One wonders if completely relying on an internal champion is sane as it might, to some degree, relinquish one’s own first-hand presence.

Selling is a process; but sales processes are no longer linear. Freese notes that some parts are more important than others and need a larger emphasis. On page 167 one comes across the book’s most provocative assertion that “customer is not always right.” If they were they would know everything regarding products and services and that is that. They would not need the salesperson. As such, the salesperson needs to take charge of the sales process by asking questions. Questions are power. If one is asked a question, first answer it with a question in order to maintain control and only later answer the actual question.

As you can see from the above QBS is a good read or rather a good compilation of material. It borrows from Consultative Selling, SPIN and Winning Inc. liberally however. Reading those or about those methodologies are good prerequisites or companions to QBS.

Of course, and it goes without selling, the author closes the book with the standard attempt at launching a training/guru/institute career. The saving grace is that unlike so many others he actually has a few things to offer.

Aug 262011
 

A week ago, I wrote about the need for field sales to maximize their presence at the customer’s office to take advantage of the opportunity and as much as possible press forward.

http://www.alighaemi.com/wp/?p=760

What about inside sales? What inside sales representatives occasionally forget is the goal of their telephone discussion. Once a request has been made or once a suggestion is put forth, the salesperson needs to obtain a commitment. What is the next actionable item to which the customer is committing?

Here is an example:
Customer is being non-committal or simply blowing the salesperson politely off: “send me the brochure and I will look at it.”
Assuming the customer is either an influencer or a decision-maker here is what the salesperson needs to say and do while the customer is on the telephone: “For which information would you be looking? Can I answer the question or we dig deeper together? Who else would need to look at the brochure and what are they looking for? May we set an appointment to review the next steps? Which day and time? Etc.”
The salesperson needs to get a commitment from the customer that aligns with the communicated sales objectives. Short of getting a sale on the books, the salesperson needs to obtain a definitive and time-bound promise from a customer on that telephone call.
The answer might not always be a ‘yes,’ but not asking might be a problem of the salesperson’s making. Simply seal your request for a definitive next action with a ‘would you have an objection to that?’

 

 

Aug 232011
 

For years the sales funnel has given order to sales opportunities, forecasting and businesses’ financial predictions and revenue reporting. But does it still matter? Does it work? The sales funnel or pipeline typically began with awareness/contact and progressed to the sales process’ completion. Nowadays though customers come much better informed, occasionally knowing what they want, having seen/ran their own demos online and care nothing for the sales process. In the information era how can a funnel exist if customers can enter it anywhere and anytime?