Buying Back the Sale

July 20, 2008 15:57 by dmacdonald

Colleagues of mine talked so much during a recent presentation that they 'bought back the sale' - that is, the project was theirs for the taking, but insistent conversation and over confidence about their deliverables turned the prospect off.  Within minutes of the presentation, my colleagues received a declination e-mail saying the prospect went with another vendor. They asked me what went wrong

I’ve been both a marketing and sales professional with more sales calls under my belt than I would like to admit. I’ve had the rare opportunity to manage all types of sales professionals – engaging each based on their various ‘sales’ gifts. One type is very technical – having the ability to talk forever on the technical aspects of a product or service feature. Another is highly sociable – providing anecdotes and keen insight on the latest sports conundrum or talking freely about the latest stock market debacle. What years of wisdom and street-smarts can I provide to these professionals (and my colleagues above) – who on many levels ‘think they are doing it right’? 

It’s really this simple, stupid! 

Embrace the warm-up – Often times we delve too quickly into a conversation, meeting or presentation without some type of warm-up.  It’s imperative that you do your homework and find some key nugget about everyone in the room. Engaging everyone in the room in the first five minutes will dictate if you get the next hour with them. Check out their web site – great information on the company and the employees can be found in their blog, careers or community section. Remember, it's all about them - not you. 

Start listening – It's the key to any relationship. Trust me, this has been a hard one for me as I can in every case ‘already see the end product or service’ in play.  It’s imperative that you ask open ended questions to engage prospects and customers regardless of whether you know the answer. Bottom-line, you actually come across more intelligent when you let others do the talking. 

Ditch the word ‘should’ – Most customers are trying hard to do the right thing – oftentimes they themselves make bad choices or worse, don’t know what they’re buying. We don’t need to remind them that they ‘should do this’ or ‘should do that’. The key to a great sale is giving the customer what they want, not what we think they need. You can always explore options later once the relationship has matured. 

Laugh out loud – If you enter into a sales situation that is uptight, predictable or contrived, you will fail. Enjoy the meeting, enjoy the moment. Customers who see your excitement will trust that you are confident and value the task/project/product at hand and they in turn will feel more comfortable with handing you the reins (ummm…the sale). 

Lastly, don't assume that any sale is truly sold. You will need to qualify and redefine the relationship on an ongoing basis. Find mechanisms to stay connected to your clients so that they won't be snatched up by someone else because you forgot to pay attention.

Best,

Denice MacDonald


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November 20. 2008 21:35