Why sales isn’t a mystery…
Posted by Antonio Falco in Business, Business Solutions on December 1st, 2011
Sales, I’ve touched on this topic before and I’ll be returning to it more frequently because if there’s ever been a time to get a better understanding of this it’s now. In my role as a Virtual Sales Director I work with a variety of businesses in the business to business sector. Whilst each business has its own idiosyncrasies they all share a fear of really embracing sales.
So for those of you who feel that it’s all a bit of a mystery let me promise you: it’s not. There is no mystery in sales, it is a profession and we still don’t value that in this country. Sales does need application, intelligence and ability. You also need to create a process, which over time becomes less mechanical and more natural, less obvious and more sophisticated.
Don’t worry about getting everything right just understand:
• What you are selling
• Why some people would buy and others not
• The questions you need to ask so you can understand whether or not you are talking to a potential customer
• How to ask the questions
And of course the biggest test – asking for the order. It’s amazing how some experienced, professional sales people get all the way down the line and then don’t ask.
Sales is the exchange of your product or service for money; incredibly simple, fantastically complex. You don’t need to become a super sales person, that’s not why you do what you do, but you do need to understand some of the basics – it will mean the difference between succeeding and not.
I’d be delighted to hear about your progress.
Take action before the end of 2011
Posted by Antonio Falco in Business, Business Solutions on October 13th, 2011
The last part of this year is an important one; from 1 September we entered the longest part of the year without a public holiday, it’s a straight run to Christmas. What you do in this period will determine your chances of taking advantage of the upturn, that I am convinced is coming in 2012.
Now, you must focus on one overriding goal for the next 3 months. That goal must be a financial one; it needs to be achievable but also stretch you and only you can determine that. If you can’t then contact me and I’ll try and help (I know that’s opening Pandora’s box but I’m here to help). It doesn’t matter if you are a professional billing your time, a salesperson selling a product, or a business invoicing for a service, you have to set a target for what you want to have achieved by the end of 2011.
Setting a very specific and precise objective such as this will give you incredible focus. In business much of the time when we lose focus on the things that really matter that’s when we fail to achieve what we set out to do. Having such an objective will ensure you don’t waste your time on matters and issues that take you away from your primary target. It also helps you to stop procrastinating over decisions that might otherwise take hours, days or weeks that when you look back you know could have, in reality, taken a lot less time. Being this focused means you cut through the things that are stopping you and get on with the things that get you closer to your target.
Commit to it. Once you commit Providence moves with you and things begin to happen, don’t try and work out the how or why, just set a target, commit to it and go with it; and this applies to whatever industry, job role or responsibility you have.
Of course, to ensure you achieve your target you need to hone your sales skills. Yes, that dark art everyone seems to shy away from! Next month, I will be covering sales in more detail.
Reflect on 3 areas of your business…
Posted by Antonio Falco in Business, Business Solutions on October 12th, 2011
Take time to reflect and act on three areas of your business.
1, Make sure that you understand what your process is when a new prospect says ‘Yes’ I want to do business with you – what happens next? Over the past months I’ve talked to many businesses that are almost stumped – you need to be able to say, ‘well then the next step is….’ Put yourself in this new customer’s position and work out what your process is.
2, Forecast, take a look at how you get a prospect to become a customer; what are the steps that you have to go through before you can be confident that they will be a new customer. The purpose of understanding this, is so as to take away the guess work with regard to the probability of them becoming a customer. In other words, if you haven’t had a meeting (or meaningful ‘phone call), haven’t sent a quote (or plan), or then negotiated your terms (price, delivery etc) and you then don’t have a firm order on it’s way, then how can you possibly tell yourself that they are 90% certain to be a customer if these things haven’t happened. So, think about how a prospect becomes a customer.
And finally 3, take this opportunity to clear out the dead wood. If they’re never going to become a customer – stop kidding yourself and cut them loose. It’s good for you and good for them. Make that call – the ‘kill or cure’ call. And however you phrase it – ‘are we in or out’ ‘are we going to work together not’ ‘we’ve been talking for some time, are we going to deal with each other or not’ – whatever phraseology works for you – the point is do it. Enter the last part of the year clear, fresh and knowing where you’re at, so as to know where you need to be going.
Lessons from the News of the World
Posted by Antonio Falco in Business, General Chat on October 11th, 2011
By now the revelations around the News of the World probably feel like a dim and distant memory, but they can still teach us a thing or two.
Let me focus on the business elements of this story: We have seen Rupert Murdoch demonstrate both his brilliant business skills, and within that, the lesson of ‘playing the long game’.
He has skillfully manipulated the politicians by first, withdrawing his offer to spin off Sky News – http://www.guardian.co.uk/media/2011/jul/11/news-corp-bskyb-bid-hunt-competition-commission (which would have signaled a lesser hold over the British press and by default been easier for the deal to have gone through) and secondly – and here’s the clever bit – giving them HIS reason for not allowing the deal to happen. Confusing?
Why would he hijack his own deal and then tell the Government how to stop him? To begin with, he worked out that this time round, the deal was dead. Secondly, if that was the case, then he may as well give the Government the way out, knowing he can then use this same reason for re-visiting the deal again in the future – when there’ll be another story occupying our attention.
In business it is very important to understand that you have to play the long game; if things don’t happen the first time round you need to pull back, rethink and bide your time. Sometimes, one step back can mean 5 steps forward in the future. The rules are to keep your head – when all around are losing theirs – re-think your plan, re-engage and try again. I recall reading it takes 7 – 10 years to establish a business, and if you think about it, who’d heard of IBM, Cisco, Microsoft or you 5 years into business?
My second point is – I’d like you to take heart.
One of the news articles was around the tape recording of the talk given by the Rebekah Brooks, Chief Executive of News International, to the staff of the NoW.
I couldn’t help but think how on earth did she become the Chief Executive? It was in my view, very poor as I felt she struggled to make sense, couldn’t seem to string a coherent sentence together, or think on her feet, let alone leave the team with some hope. It confirms what I’ve thought for some years and indeed mentioned in my talk at The Hart Brown Forum last month; that is, many business executives running some of the prominent businesses today don’t know any more than you or I, and indeed, would struggle to run a small business as they wouldn’t have the skill, knowledge, dedication or gumption which I see in the business people that I encounter in my daily work.
Take heart. You have what it takes. Make sure you focus, and remember that persistence and consistence are key to success.
I’m hoping that this latest chapter reflecting modern society, preceded by other major scandals in recent years – MP’s expenses and the banking crisis with the subsequent financial collapse, is a catalyst for change. I believe business can be run with integrity, honesty and morality and is a subject I will return to in later months.
Two elements that give us the edge…
Posted by Antonio Falco in Business on July 15th, 2011
Recently I had the opportunity of attending the Bloomberg China Conference. The day was confirmation of the two elements that I’ve promised to write about over the past months: The two elements that I believe still gives us the edge – currently – over the developing economies of China and India.
We all know China is undergoing an industrial revolution, one that it is only about half way through and that their economy so far, has largely been based on their ability to make ‘stuff’ cheap.
But what does that mean for us, in business here in Europe and the other developed countries in the West? It means that whilst China and India have built an economy based on making things cheaper, they will soon begin to invent their own products AND make them cheaper!
So where do we go from here? I believe we have an edge and that all is not as straight forward as just making things cheaper. There are companies pulling out of the China and pulling back from India, in fact for some it’s a distinct selling point; it is only a very minor few but nevertheless, why are they doing it? I believe it’s because of the first of my two elements – Quality.
The quality isn’t up to scratch. In fact for many products China is synonymous with cheap but for the wrong reasons. Companies are pulling out because they cannot afford to damage their reputation of being suppliers of goods that just don’t come up to the mark. In the short term for many of us we’ll accept that, and maybe over time this problem will be rectified, but if you build a strong enough reputation for quality then stick with it.
The second element that will distinguish your business is – Service.
We’re seeing and hearing more companies telling us they have UK based call centres. Why make a point of using this one feature in order to entice potential new customers to use their services? Have you ever been frustrated, fed up and annoyed by non UK based call centres that are just following a script? Have you been unable to have a coherent conversation for a variety of reasons, an inability to get your point across and be listened to?
My closest friend recently cared for an elderly relative who sadly died. My friend had great difficulty trying to explain to the telecoms provider that the account holder had died and no longer needed the service; and that the latest bill had been wrongly issued as she had cancelled it some months back. Did the call centre understand what – SHE IS DEAD – meant? No. 14 times they rang insisting on speaking to the deceased about her account, they eventually gave up calling and nothing more was done.
I tell you this story, (which you’ll appreciate is more convoluted and painful than I have described) not because this lack of, what can only be placed under the heading of service, is unusual or infrequent event; but because the call centre staff (all English speaking and educated to degree level) not only had a complete lack of understanding of the pain, frustration and anger they were causing, but also the damage they were doing to the brand they represented. I’d like to think that the provider in question knew of the short comings and were addressing it, but I somehow think not. So you lose a few on the way, so what?
This is where you step in – customers expect and deserve not a good service but a great service. Yes the price has to represent value and the product has to deliver what it says on the tin, but you need to begin with, follow through and end with great service.
So whilst we are being out done in terms of price, volume and now the possible threat of our ability to invent: Quality and Service are the edge you have and you need to make sure you use it, apply it at all stages of what you do and never not let it be part of the ethos of your business.
To end……
Something for you to consider
There has been some new funding released to help business with their development and is specifically for the type of help I offer. So, if you are a business looking to grow and develop, or a senior person within a business or organisation looking to develop and enhance your skills, then you may be eligible. Please contact me in confidence for details. I’m afraid this applies to UK based organisations only.
BREAKING NEWS
I’m very excited to announce on Thursday 17 November I will be hosting my own Sales & Business Conference at The Holiday Inn in Farnborough. The ‘Going for Gold 2011’ event will be your chance to get the information you need straight from the ‘horse’s mouth’. I’ll be covering:
• Sales
• How to grow your business
• Motivating you, your colleagues and staff
• Developing a strong business ethos
I’ll also have a special guest speaker giving us an Eastern perspective on your business and the future. The site to register for this event will be launched in the next couple of weeks, so in the meantime please add it to your diary.
Is social media the answer?
Posted by Antonio Falco in Business, Business Solutions on May 26th, 2011
Over the past couple of months I’ve been increasing my activity with social media. I started to realise that whilst the platforms were free to use, my time and skill was not and the old adage ‘there’s no such thing as a free lunch’ began to haunt me.
I began to question its value, use and whether it made sense from a business perspective to spend this much time using it. Now I’d fallen into this trap before some years ago, when I was introduced to my first on-line networking platform and found one hour had turned into three – I soon disciplined myself to a strict time limit.
But that was nearly eight years ago, and now the myriad of social media outlets has exploded and again I found myself spending what for me, was an inordinate and unjustifiable amount of time on virtual networking.
As I looked around I saw many others doing the same – Twitter, Facebook, LinkedIn, Xing, Ecademy, Bebo, Myspace and the other day Ushi – WOA! Stop! It was – is – all becoming too much and to what end? Last year some friends asked me what all this ‘social media stuff’ was about. They’re intelligent well educated professionals who had just not got social media. They didn’t have time to catch up with the friends that they already had, let alone spend hours trying to catch up with past acquaintances.
So, it got me asking in a business context – what are we trying to get out of using social media? For my part, it’s raising awareness of my product and what I offer. Tweeting, blogging, social media sites and public speaking, are all geared to attracting a larger audience, driving them to my website to find out more so they’ll want to use or recommend me, one day. The question is why are you using social media?
For the main part I see people in business using social media as a way of avoiding doing ‘real’ work and that they’re kidding themselves that if they blog enough or tweet incessantly then they will get customers coming to them.
So here is my advice:
First try to assess whether social media is for you. Maybe it isn’t. Maybe you’re not the type that can sit and write blogs, or update your Facebook page or tweet every time something really worthwhile happens. There is a cost to this activity – your time and skill.
If you feel social media may be able to enhance your business then here are some rules to begin to work by:
a) Remember – work by, as this is now part of your working activity, so it needs to be focused with an end in mind.
b) Don’t try and sell. Give advice, pose questions for people to ponder but do not use it to sell.
c) Don’t tell us your every move. I’ve turned off people, particularly from Twitter, who tweet every time they went for a coffee, to the park or took a train ride – I kid you not. I also don’t follow celebrities, just like I don’t buy OK or Hello magazine, just a personal thing. I just don’t care or have the time, may I suggest you don’t either.
d) Restrict your time – when planning your diary for the month as discussed in a previous email, add some time for social media. Do not use the key parts of your day, week or month. Before the working day starts and after.
e) Try LinkedIn – Professional network; Twitter for those quick 2 or 3, 140 character only questions or tips, Facebook for a less formal side of you but be careful not to make it too informal.
In the back of your mind I’d like you to keep these two thoughts constant:
- TV has already got us watching other people living life, don’t compound that with social media by wasting too much of your life reading who had coffee and the next outrage Charlie Sheen comes out with. (The man needs help and there is a moral dimension as to whether we should be watching someone self –destruct, but that’s an issue for another time and place).
- I’ve often said over the years; “The more complicated life becomes the harder we have to work at keeping it simple”. Don’t be too distracted by this stuff, some of it is a fad and one day we’ll wonder why we wasted so much of ourselves in entertaining it in the fist place. I think – in a business context – it’s because we are trying to avoid doing the hard stuff in business, and hoping that someone or something else will do it for us – let me tell you, there are no short cuts.
The Thorny subject of Sales!
Posted by Antonio Falco in Business, Business Solutions on May 4th, 2011
In this post I’d like to touch on the thorny subject of SALES. Thorny because many of us fear it, loathe it or feel that it’s just not what we do. So let me begin by dispelling one or two myths: First, selling is not about the ’gift of the gab’, what is that anyway? After 25 years in sales I’ve yet to find one: Second, selling is not about ‘brow beating’ someone into submission or speaking loudly or worse just telling someone how good your product or service is. Anyone that has watched The Apprentice over the past few years, will I hope appreciate that there hasn’t been one single person on that ‘show’ that has had any idea about selling but they’ve all been good at anyone or all of the above ‘methods’ and without going into an extensive explanation about that statement, I ask that you trust me when I make it. The third point is that all of us in some capacity, shape or form will be ‘selling’.
With the wide range of people that read this email, I can say that whether you are a business owner, director, senior executive or partner in a Law firm or other such profession or employed; selling will play a part of your daily life, even if you do not believe so. If at any point you are confronted with a potential new customer or a contact that can introduce you to new customers, then you are in a position where you will be having to influence that person, to a greater or lesser degree.
What to do? If you have little conscious experience of sales then begin simply; sales is the simple but complex exchange of your product or service for a potential customer’s money and to do that we need to understand more about them then they about us. Questions based on What, Where, When, Why, Who and How are a good starting point; it’s all about finding out what issues are affecting them, what it’s doing to their business, what solutions they’ve tried, why didn’t it work etc. If you give them a chance to tell you, you will discover how you may be able to help them.
The same applies at a networking event when you are meeting new people, one of the rules at such an event is to avoid being the ‘network bore’, they are the ones where it’s all about them and what they do. At these types of functions you may not meet potential customers but potential introducers, therefore your tone of questions whilst based on the Who, What … are going to be about trying to find out what circles they move in, which other events they find useful, how they find their customers, perhaps you can help, reciprocating is a good thing. More about networking and the rules on another occasion.
Back to selling; for those of you that are more experienced and maybe it’s a key role for you; what can you learn; check. Check that you haven’t become to blasé, that you are not above making sure that you are still learning and getting a better understanding of the skills and techniques needed to be an effective and competent sales person.
Sales is the lifeblood of any business, I’ve come across many good people, in a variety of industries with great products or services that have never gotten very far because they could not get to grips with the concept and the basic skills to make that most critical of exchanges – your product or service for their money. You don’t have to be a ‘super sales person’, you just need to put yourself forward and begin ask those questions.
The subject of sales is a complex one and very few understand or practice it well; I’ll be returning to it again, frequently; in the meantime set yourself a target for the month (sales is a target orientated job) – either meet 3 new potential customers or introducers / call that potential customer who’s been promising you the business or that meeting for months and ask them for it – outright! Or (and, whatever your diary allows) follow up on the last networking event you went to where you meant to get back to the one or two interesting contacts that you made. Yes it may be tough, it’s been too long and you just can’t bring yourself to do it; but doing it gets it off your mind and clears your conscious to help you move on.
Many of you will be in the new position of being asked to find new customers, something that you thought you’d never have to do when you first got into your profession. But the economy as it is and the pressure on businesses to get through requires all of us to become savvier and focused on this role. It’s has always been the case, but it feels more so now then ever. And many are nervous because they’ve never have been taught the skills needed for this. Seek out some sales books – I’ll start recommending stuff to read next month but the main thing to do is start speaking to people and asking those questions.
A brief word about – Motivation. I met a salesman last week at a networking event who proudly announced to me how much he enjoyed working for the local radio station and his job as an advertising salesman. He went on to tell me that he was very – self motivated! Mmm! I thought. I told him there’s no such thing; he looked at me inquisitively and I could see that I needed to explain. I said no one wakes up in the morning and shouts “I’M SELF MOTIVATED!!” – do you? He looked and still the need to explain was clear. I said something external must motivate him, the thought of getting that new car, pay rise, holiday or sales bonus. But that it had to be an external motivation; he looked again and agreed that that was indeed the case, he was motivated by a couple of specific goals that he wanted to achieve.
A couple of weeks back I met a couple who ran a successful business together from which they’d not had a break from it in nearly four years. I asked them if they ever got the chance just to sit in a wine bar and have a drink together; they loved the idea, but no, they didn’t. It was my first meeting with them and after discussing some of the issues that were affecting them and the direction their business was taking I quickly got a sense of a couple of key strategic issues that they needed help and direction on and boiled it down to a couple of action points that they needed to take before the end of the month. After talking through with them, the how, what where and why, they agreed with my thought process and committed to the points raised. I then told them that when they fulfilled them they were to take a couple of hours one evening to enjoy a glass of wine together (they could a have a glass each – but only one glass, let’s not get above ourselves). To some this may seem trite and something out of a book of ‘how to’ – but as many of you know that’s not how I work; I realised that for them the chance to be ‘normal’ and have a break for a couple of hours was not only something to look forward to but something they’d earned. And when you’ve really earned it somehow the wine tastes better and the sun feels more soothing. It doesn’t have to be big or clever, but find something that you can enjoy at the end of May knowing you’ve earned it. I’d love to hear what yours will be.
Think, Prioritise, Act
Posted by Antonio Falco in Business, Business Solutions on April 4th, 2011
It’s no big surprise that in many instances and depending on where you look there is much doom and gloom but there is also cautious optimism if you have a chance to glance at this then do so. In essence my instinct tells me that nobody actually knows very much, the old adage of what do you get if you put 100 economists in the room – 100 different opinions is about the size of it. But whilst politicians and their advisors are trying to work out what to do next, we all have to get on with it and try to be as effective as we can in our jobs and our businesses.
Already the first quarter of the year is over and the question is – what have I done? January is always such a critical month as it sets the tone for the year in terms of what the year is going to shape up like and what you’re actually going to achieve. So if like many the months have just gone by and you’re looking back thinking ‘where did that go?’ then now is the time to fix it.
Some years feel longer than others, I know that may sound a little crazy but they do; this year is going to be both long and hard, you’ll know that you’ve lived this year. So if you’re a business owner, director or a senior executive this is what I suggest you do based on the philosophy of ‘one day at a time’.
As close to the first of the month as possible, and as early as you can in your day – first thing would be preferable – print out your diary for the month, hard copy is important; look and see what is already diarised and then see what’s left. In the spaces begin to pen in meetings that you need to have, business events that you need to attend, time for actual work (and don’t over or underestimate this) add a little flexibility in the mix and then see what’s left but above all be honest.
For those of you that have a diary full to the brim, start to think about how you can offload some of your work to an assistant or third party even if there is a cost, that cost may be easily justified if it frees you to do more of the things that make money rather than cost money. I know this sounds easy and even a little trite; but the mere fact that you can see where your time is being spent will begin to help you realize the priorities and by doing so will give you that jolt or impetus to find a solution.
I know that in many organisations the idea of spending money on more resources will be an absolute No No and so the key is to prioritise. You’re better off in my opinion to have achieved and be seen to achieve some key tasks then to have been to seen to flounder under the weight of it all.
And for those whose diary is looking a little empty – then your priority is probably to find some more customers, or get done those tasks you’ve been avoiding. Either way, you need to begin by setting some targets and some action points. It’s as difficult to manage an empty diary as is a full one. An empty one requires us to apply some real gumption in order to act on those tasks that make us nervous or ill at ease which for most of us are centered around finding and developing business.
If you’re not used to or simply loathe the idea of having to put yourself in the situation of having to talk to potential new customers then set yourself some simple tasks and objectives. Perhaps go to that business event you were trying to avoid or make those 2 calls that you wanted to forget about. Get them done and off your mind. It’s about taking baby steps, you’ll begin to build your skill and confidence.
There is one other item that you need to add to your diary: Down Time, even if it’s only half an hour in the day, to leave your desk, office or car and take a stroll to buy a cup of coffee, apple or chocolate bar. It’s critical that you take the time as it lets you re-charge.
So printing your diary out and spending an hour or so deciding what you need to do, where you need to be and the priorities for the month will help. But most important of all it will help you take control, many of us run out of time and feel over pressured and under performing because our business or our job is running us instead of us running it and printing your diary out at the beginning of each month, whilst seemingly simple in action, allows us to begin to reverse the situation.
Now that you have a view of what you are doing in April – just get through this month and do not worry about next.
‘Look at a day when you are supremely satisfied at the end. It’s not a day when you lounged around doing nothing. It’s when you’ve had everything to do and you’ve done it’ Margaret Thatcher
Think – Prioritise – Act
Back from the future
Posted by Antonio Falco in Business, General Chat on March 9th, 2011
Fed up with hearing the same old thing from “business coaches”? Well, how about taking some time out to visit the Andover Expo on 16 March and hearing me talk about the role of traditional business skills against the backdrop of the modern technological age we are all trying to adopt?
Whilst technology might help us to be more efficient, reach more customers and win more customers, we can’t lose sight of the need for offline skills. The ability to communicate face to face and go through the selling process effectively – where you learn about your customers and they buy from you, is needed more now than ever. In light of the tough economy we are still facing, I will look at the way businesses can differentiate themselves from their competitors, and why they need to stand out from the crowd.
If you have already heard me speak before then you will know I love a good debate, and relish questions from the audience. Therefore, it will come as no surprise that I want to know what you think. What burning questions do you have? What little nuggets can I share with you that will help you in your business? If you’ve got the questions then you need to come along and hear my talk, and fire off those questions!
For more information on the exhibition please visit the website – www.andoverexpo.biz.
Do come along – I’d love to see you there.
‘Buy my stuff it’s great!’
Posted by Antonio Falco in Business, Business Solutions, General Chat on July 22nd, 2010
I guess most of us (I hope) wouldn’t be using this as a technique to sell our product or service.
But more often than not, this is exactly what we come across when networking; you know the sort, described in many ways but for the purpose of this blog, we’ll just refer to them as the ‘network bore’. It’s all about them, what they do, how good they do it and how great they are at it.
Right now the economic climate is ‘forcing’ many people to try their wings at this networking thing but as many of us know, networking as a way of meeting potential new clients has been around for years and if you think about it, it’s always been around we just never gave it a name. My dad always knew someone who could fix the tap, mend the roof or service the car and if he didn’t he asked a friend if they knew someone – that’s networking, isn’t it?
Except now we’ve made it all formal, it’s become a little scary and in recent months I’ve met many folks new to networking and just don’t know where to begin with it all. So, what are the rules?
The way I see it having been at it and run a few of these things over the years, here are a couple of basics:
First, don’t tell folks ‘Buy my stuff it’s great!’ ; find out about them, who they are, what they do and what they are looking for.
Second, getting referrals from networking is all about building trust, how do you do that? That’s a topic for another time.
And third; try a few, there are lots of networking opportunities out there at it’s ‘horses for courses’, so try a few till you find the ones that suit you, where you’re comfortable – but a word of caution, don’t be too comfortable.
For many ot you reading this, it’s kind of stating the obvious but this is just the start; i’m not claiming to be an expert but be wary of those that say they are – so much of life is common sense and networking is that.
Recent Comments