Ali Ghaemi

Mar 092007
 

While many commentators, courses and books like to assert that there are hard and fast rules when negotiating the truth is that this may or may not apply.
The caveat applies because different buyers and sellers have different personalities and temperaments and deserve to be treated (some would say ‘handled’) differently. Consider the person across the table from you before you plot a strategy.

Extroverts (let’s say they are energetic, messy, quick and excitable) deserve enthusiastic reciprocation, but an amiable type (generally considered ‘weak’) would need a more considered tone and a slower pace. An analytical person (details, details and more details) would demand the same, while the bossy types would demand subservience and respect.

To make matters more complicated most people fall between two of the named categories and cannot be strictly pigeonholed into one personality type.

Nevertheless, there are time-honoured tactics that apply in negotiations.

*Always aim higher than you would settle for and would realistically get. In the developed world it is accepted that the parties would meet somewhere in the middle – i.e. split the difference.

*Flinch, be upset and hang your head in shame. Do so when being pressured and squeezed.

*Take every advantage of reminding the other party why you and your good or service is unique. They may be forgetting why you are there, but it all bears reminding.

*Do not accommodate easily. You would probably leave business on the table and, what’s worse; imply that the other party did not negotiate well.

*Promise something in the future, but obtain something now. Giving away future concessions, but obtaining business today is often advantageous.

*Last, but most importantly, feel free to terminate negotiations or refuse the business. The right to refuse unprofitable or uncomfortable business is yours. Take advantage of this negotiation tactic or perhaps it is not a negotiation tactic at all!

Mar 042007
 

Study after survey shows that while remuneration and pay raises are important they are not the only way to motivate and lead a team.
Silly ideas like mandatory pub nights or weekend getaways (which only serve to remove the team from their respective families more than many would like) aside, here are several tips for leading a motivated, happy and energetic team:

1- Education and skills upgrading
Most people do not like the feeling of stagnation. If your company does not have a provision for compensating employees who upgrade their skills and education then either look into it or find a special budget for it. Time and time again time and monetary allowance for courses and updated education list as top employee priorities.

2- Extra time off
Surprise your team with an extra day off once in a while. While the idea of giving employees a whole day off might seem expensive the manager will find the time off more than an adequate investment in terms of employee loyalty. Moreover, a motivated and happy employee will return the favour by putting in many extra productive hours.

3- Take on extra personal projects
Entertain your employees’ suggestions and allow them to set time aside to work on those ideas and projects that they have brought to the table. Not only can such projects add meaningfulness to the employees’ work, but they can also positively affect the company’s bottom-line. Companies like Google and 3M have in fact mandated such activities.

4- Realize that a healthy body comes with a healthy mind
Encourgage everyone to exercise, have fun and be active. There are subtle ways for a company to do this such as gym allowances and bicycle subsidies. A tired or ill employee is not going to function well, while a healthy individual will surely translate into gained productivity.

5- Give your team opportunities to lead
Allow the team to shine and showcase their leadership skills and instincts with every opportunity. The independence and sense of trust will lift the employees’ spirits. Do not micro-manage unless an employee is new and inexperienced.

Mar 032007
 

It is increasingly understood that sales professionals need training to begin and advance careers in sales. The old adage that ’salespeople are born’ is now partly debunked. Most organizations realize this and dedicate a lot of time and money training employees in soft sales skills and target market specifics.
What is more difficult and less understood is how to train, or shall we say re-train, senior and experienced sales staff. What is meant by training to begin with?

Here are suggestions on how to choose targetted training for senior sales staff:

1- Be specific and zoom in on one particular topic.
Be it ‘Managing Meetings With CFOs’ or ‘Understanding The Needs Of Service Companies’ the experienced salesperson would probably benefit more from and appreciate a targetted lesson more than general topics.

2- Share insights
With all the accumulated wisdom within the company by the senior salespersons and management is it not time to share the wealth? Why not organize regular sessions where the team can expand on each other’s experiences?

3- Buddy up
When senior and junior salespeople embark on a day (or more) of joint sales calls and meetings everyone learns and benefits. To further the concept when was the last time the senior salesperson shadowed his or her VP of Sales?

While training can be useful forcing sales staff to go through basic or repetitious training could result in resentment and the feeling of wasted time. It is time to get creative and motivate the sales staff instead of forcing employees to undergo hours of unwanted training.

Feb 242007
 

Ever tried to reach a prospect without any luck whatsoever? Of course, everyone in sales has. When is a good time to reach someone? It is unreasonable to call their number every hour of every day hoping to find the person at the office and available. What can one do if leaving a voice-mail has already been tried with no reaction at the other end?

If all else has failed send an e-mail and require a return reciept to it.*

If you have the prospect’s e-mail address send them an e-mail explaining your request or send follow-up information and request a return receipt. Your e-mail program will let you know as soon as your message is being picked up and read by the party on the other side. Your client is in the office and at his or her desk. Wouldn’t now be a good time to pick up the telephone to call?

The client is reading your e-mail and you can mutually decide whether there is reason to pursue the relationship. Technological limitations aside, reaching a person when one knows he or she is available and on the computer is a good time to decide whether there is a process to pursue or it is time to move on.

*In Tools>Options in certain versions of Microsoft’s Outlook
*On the actual e-mail window pane on certain e-mail programs.

Feb 232007
 

How To Access The Executive Suite And SELL

sellingtovito

Selling To VITO (Very Important Top Officer) is a book dedicated to the science of getting past the proverbial gatekeeper and reaching the executive prospect.
The book discusses in detail everything from attitude to the format of letters one should mail to the content of the voice mail one must leave. In that respect, the book is complete and combined with the personal experience the authors bring manages to offer an above average methodology into an important aspect of most sales cycles.

Having said that, does the book’s advice actually work? Well, the answer is some yes and a lot of no. Having put the methodology to work first hand – letters, labels and all – it is fair to say that VITO helps, but is hardly a silver bullet. In fact, while the book facilitated some headway the final end-goal was never in sight.
The failed experiment might be the result of bad luck or a small and non-representative sample, but the bottom-line remains that the book’s effectiveness must be questioned. Furthermore, the book’s content is slightly dated as shown by some of the verbiage which might be translating into the same for the content

Jan 232007
 

An Outline For Teams And Participants In The Corporate Context

strength

Strength In Numbers is a detailed and specialized book catering to teams, committees, groups, etc. and their participants in the context of the workplace.
In the course of 200 odd pages, Strength In Numbers examines every facet of formalized groups’ interaction and attacks the concept from every conceivable angle.
Unfortunately the author fails to provide adequate proof. Real-life examples are scarce and next to no empirical data is provided. Furthermore the absence of footnotes and quoted research seems to belie the subjective nature of the conclusions. As such, one has to rely on a degree of blind faith to trust the author’s expertise or accept the book’s findings. This major gap in the book is partially compensated by the comprehensive nature of the book as regards teams’ dynamics and the book’s many practical and applicable tools and guidelines that are usually tagged at the end of the book’s chapters.

Jan 012007
 

Unimpressive Book From An Impressive Salesperson

nevercold

Achieving sales greatness without cold calling might be a looked-for goal in sales circles – although greatness is hell of a subjective term – but Never Cold Call Again is ultimately contradictory in content, immaterial to enterprise sales and poorly written and constructed.
Setting aside the author’s weak command of the English language, including but not limited to poor grammar, redundant and numerous superlatives and misuse of pronouns, what is more germane to the average reader is how Frank Rumbauskas begins with one premise and quickly proceeds to negate it. Firstly though, it is clear that Rumbauskas is better suited and more experienced at low figure sales. Some of his general advice might just be relevant to selling vacuums, low cost service or sub-$1000 telephone systems, but will not travel beyond to larger enterprise sales. One can cite his advice to include one’s telephone number and e-mail address in fax-back forms on page 59 as one example. Who is this book aimed at? Furthermore, miscellaneous advice, like pretending to be in a prospect’s area (naturally while calling the person on the phone as described on page 63) dressing up as a form of subterfuge or impersonating one’s executive assistant (again on page 63 – the author suggests giving this script to a fellow or a telemarketer: “Good morning. I’m an executive assistant with the office of Frank Rumbauskas. I’m pleased to inform you…”) is plain wrong and immoral.

It is prose like this, which disparages the sales profession in the eyes of millions.

At its core, the author’s assertion that individual cold calls are a waste of time and his advocacy for the concept of leverage are sane. He advocates a variety of marketing activities as a superior alternative to cold calling. These include e-mail newsletter, direct mail, fax blasts (when was the last time you were persuaded to make a large figure purchase based on a fax – the kind of which piles up on any company’s fax machine routinely…) and flyering for executive lunches. Aside from snags like how that last technique again hints at the book’s readers’ target market (what sort of an executive will attend a roundtable in order to take advantage of a free $5 lunch? – page 93: your flyer should say, “ABC restaurant, compliments of us…” or page 92: “the free lunch was key” and more) some of the practices detailed go against the writer’s own advice not to engage in one on one marketing. After all, flyers sent to cars or offices are presumably delivered one at a time as described by the author’s `cold walk’ technique (page 60 – “I’d walk through the door, hand my flyer…” – imagine getting an enterprise sale that way!!). That is the book’s main paradox. Moreover, the author’s assumption that all prospects and industries deserve a similar approach is plain asinine – which they do not in the context of sales larger than, say, $100.

Rumbauskas’ book deserves kudos for focusing on the concept of leverage and time management, challenging conventional thinking and being forthright. His contradictions and less than honest advice lose him a star as does his digression into actual sales techniques and page after page of redundant and repetitious subject matter. Other reviewers have pointed it out, but it bears repeating that the author consistently contradicts himself and (hopefully) does not even realize it.

Ultimately, Never Cold Call Again: Achieve Sales Greatness Without Cold Calling would have been better as a magazine article which was also supported by some empirical supporting data. Yet, and despite that, Rumbauskas is still a good salesperson. Why? I purchased his book despite all that.

Nov 182006
 

Everyone knows that in order to sell successfully one needs information about the prospect. In order to position oneself and one’s product any salesperson needs to know the target’s needs, scope, budget and time-lines. That much everyone knows, but what most do not know is how immune the buyers have become to questioning and the gathering of information.

This is why it is important to ask one’s questions with a slightly different bent and to include certain keywords. Having a variation on the theme is important. It is clear that one cannot and should not ask the exact same questions the prospect has already heard from the competition and during previous engagements.

Focus the questions on the prospect’s environment. Firstly, people want to talk about themselves. Secondly, you need the information to determine a strategy and thirdly, a prospect, which has little time to speak with you, is probably not going to buy.

Ask the prospect “specific” questions. “May I ask you several specific questions about your growth strategy?” Notice the added emphasis. “Can I find out exactly how many servers you are anticipating for your operations centre?” Again, the line of question is not vague or general. Notice the use of the word ‘exactly.’

Likewise, set yourself and your company apart by offering ’specific’ differentiators. Are you willing to offer a same-day service beginning with yourself? Will you ready everything on the same day even if it means working late? Does your company do the same in order to secure the customer? It is not difficult to understand why a customer will begin to believe in your service given the actual and tangible differentiation here, which goes beyond the competition’s vague promises and statements. Service that is delivered and not promised is specific and different.

Mar 272006
 

Rejection is almost a given in sales. Even people with bad personal hygiene at pubs see less rejection than salespersons.
Improving your attitude and mentality can help salespeople overcome the problem. It will keep you moving and doing the series of things needed to succeed.
1- It is not personal! The customer rarely hangs up, does not return messages or turns you down in person because of your name or address.
2- Keep trying without worrying. Tenacity will be rewarded.
3- Clients can see or hear a lack of confidence and a defeated attitude. Don’t give the person who rejected you the pleasure. Keep at it.

Sales managers need to dispense confidence. Threatening, setting ultimata or deadlines is counter-productive. Instead, sales managers need to praise the sales team as a group and individually. Pick one quality for each salesperson and make it known to the person. Remind the salesperson why they were hired, which qualifications they have and how you beleive in them. Do it often.

Mar 272006
 

You might have the wrong job title if you have ever introduced yourself to or presented a business card to a prospect only to find that you did not create the intended effect!
Customers sometimes prefer to buy from more established companies. In the customers’ mind, a larger company implies more experience, bigger infrastructure and more support.
Considering downgrading your business card. Often salespersons looking for credibility acquire titles like Regional Vice-President or Senior Director Of Sales. The customer might be thinking that your company is too small if the Vice-President Of Sales has just walked in the door without an appointment or is the person answering the sales line.