Archive for the ‘Closing Skills’ Category

Sales Proposals: Give Yourself the Best Shot

January 31, 2012 by Scott Olsen

A start-up software company we’re working with is trying to gain traction in the market. In a recent assessment of their sales process we noticed that every time the sales person delivered a product demonstration, she would follow up with a generic proposal by email. We identified two fatal flaws with this process. First the proposals were generic and second the proposals were emailed. By itself, the generic proposal diminished the sales person’s success rate. Combined with the fact that she didn’t walk through the proposal live via the web or at least the phone, really put her in a limited spot. With this approach, how could she put herself in the best possible position to get feedback and have the chance to clarify or make adjustments to win deals? If the sale is important, it’s worth taking the time to tailor and present the proposal live, especially for a start up  who needs that critical feedback to learn and adjust along the way.

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Categories: Closing Skills, Differentiating You, Engaging Your Customers, Executive Selling, Sales Proposals, Selling Process

Just the Right Amount of Customer Contact

May 13, 2010 by Scott Olsen

I’m often asked about the best ways to follow up with prospects and customers. I find most sales people are concerned about following up too much and coming across as aggressive, while sales managers have a fear that their sales people may be too passive and not following up quick enough or on a consistent basis.

Based on a McKinsey Quarterly article, The basics of business-to-business sales success, there is good reason to pay attention to how you do follow up. This article is based on a study that shows the “most destructive” sales activity in the eyes of the decision maker is “too much contact (in person, by phone, or via email)”.

I’ve found the best way to ensure the appropriate amount/timing of follow up is to take the guess work out by asking the prospect. At the end of each conversation, agree together how you can best track with and support the customer’s decision making process and when you should talk next. This simple idea saves sales people a tremendous amount of wondering, grief and head ache as to when to follow up. Some of my clients have tripled their weekly productivity by becoming better at closing each phone call with an agreed upon clear next action step with their customer.

“When” you follow up is important, but perhaps the bigger question is, “are you adding value every time you make contact with your prospect or customer?” Here are some simple common sense ways that may help ensure your conversations are relevant and meaningful to your prospect:

  1. be brief and to the point
  2. open with a quick summary of relevant info from your previous conversation
  3. confirm/establish the objectives, then the agenda of the meeting
  4. summarize the key take aways from the conversation
  5. confirm next action steps and who is responsible for what, including the date/time/objectives of the next conversation

Running effective meetings or facilitating effective conversations is more science than art. One of my clients, an SVP of a very large technology company, shared with me that the most valuable training he had ever participated in was a week long course on how to run effective meetings.

Please share your approach to ensuring the right timing and ways you facilitate relevant and meaningful conversations with your prospects and customers.

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Categories: Closing Skills, Engaging Your Customers, Executive Selling, Major Account Selling, Prospecting, Sales Management, Sales Skills, Tactical Selling Skills, Uncategorized, sell, selling

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