Archive for the ‘Sales’ category

8 Great Interview questions to help you find the right Candidate

March 14th, 2010

1)  Do you have written goals you want to accomplish and if so, tell me about them? You are looking for indications of maturity, focus, planning ability and desire for achievement.

2)  How did you earn your first paycheck, how old were you, and what did you do with the money? With this question you are probing to check their work ethic.

3)  What are the top three leadership traits that you look for in a manager? With this question you are attempting to gauge their expectation and ascertain their preferred management style.

4)  Have you ever failed at something and if so, why did you fail and what did you learn from the experience? This question lends itself to a discussion on resiliency, personal responsibility and tendencies under pressure.

5)  Everyone has strengths and weaknesses as employees. What are your strong points for this position? This question gives them the opportunity to tell you what assets they bring to the table and how they see themselves fitting into your organization.

6)  What is the one thing you would improve about yourself? This question gives you an indication of his or her self- assessment capability.

7)  Other than family members, who has been the greatest influence in your life and why?

8)  If you were to fail in this business, what do you think the reason would be?

Use these questions as a guide and add to them as you wish.  by having a set list of questions it helps you move the interview process through efficiently and effectively.  Based on the candidates’ answers to these and other questions you may provide, you’ll have a good idea if you’re ready to take the next step with this person.

4 Explosive Tips To Dynamite Your Sales Volume

February 19th, 2010

Some of the most effective things in life are the simplest.  Marketers spend a lot of time trying to understand the psyche of consumers, discover ways to predict economic trends and a million other aspects of business that can determine success.  Hey, it pays to remember that some things are just basic, common sense and as easy as pie.  Let’s look at some tactics that just might be the key to the success you’ve been pining for.

1.  Keep An Eye On Your Best Customers
Yeah, wouldn’t be great if all of your customers were just like them?  …easy to please, loyal, and ready to tell a friend about your wonderful service.  Just maybe you can develop more customer just like them!

Think about it… what makes them so great?  What are the traits they have in common?  Direct your marketing campaign to people who are just like them.  Focus on their niche!  You’ll net new consumers and higher profits for your efforts.

2.  Hurry It Up!
What’s the hurry?  Todays customers are busily running helter skelter from work to day care to home to an event back home… They’re rushing through life, but trying to save a buck as they go.  How much do you think they would appreciate the ability to do both in your shop?

Revise your advertising campaign to stress the time they’ll save and the money they’ll keep in their pockets while enjoying all of the wonderful benefits your products have to offer.  Chip in a few specials where they can save even more moeny (with a deadline, of course). Deliver!  Immediately!  Let them save money and time… and hey, watch your sales explode!

3.  Make it Easy to Buy
Convenience it the key to attracting buyers in today’s fast paced society.  What will be the fastest and easiest for them… credit card, phone, fax, Internet, or cold hard cash?  They say there are different strokes for different folks… your customers don’t all use the same methods to buy.  It just makes sense that if the method they prefer is available, they’ll be more likely to take advantage of it.

Simplicy… ah, it makes life so much easier.  Yeah, your harried customers are busy and tired.  They don’t want to mess around.  Most of the time, they just want to make the purchase and head home.  Convenience stores testify to the fact that quick and easy often overrides a better price!

4.  Follow Up
Following up with a customer who didn’t buy can be the determining factor between and “almost sale” and a satisfied, loyal customer.  Simply contact them afterwards and let them know the product is still available or offer them further information they may find valuable.

One of my favorite catalog companies always closes out the sale with a special buy that is available only at the time of purchase.  I’m not an impulsive shopper by any stretch of the imagination, but it stops me in my tracks every time.  I know it’s a one-time shot, and I really consider whether I want or need it before I hang up the phone.

Expoding your current sales volume and profit margin may not be as difficult as you’ve been making it!  Give these 4 tips a shot, and see what happens!

4 Ways to Use Auto-Responders to Build Sales

January 7th, 2010

Auto-responders, email systems which are built to deliver multi-step messages over time, will add value to your business in four ways: auto-responders can educate customers about your products and services, auto-responders can build rapport with your prospects, and auto-responders can carry much of your customer support and customer training load. These systems are always working for you delivering important and valuable information. Please see several ideas on how to do this below:

1. Communicate with Customers: Enter company data and product information into a series of auto-responders. Messages should be informative for your customers and should include an offer of value which the recipient can respond to. The auto-responder cycle can add value by making your company information more accessible to your clients.

2. Increase New Business Sales: Put a lead management system in place with auto-responder functionality. This will solve a common problem. Sales people will work a lead list, and burn a lead if it does not respond. The multi-step auto-responder system keep your company in your prospects’s mind. The AR system spark a low fire into the mind of your prospect and build mind-share touch by touch.

3. Distribute Training: Training is critical to customer adoption and customer retention. Training is expensive and can eat up valuable sales and operation time. Distribute training to customers, new and existing, with an AR. The messages can range from the “Welcome on-board” basics and can evolve to advanced learning. Why not create advanced usage streaming videos and content and load up a 7 or a 10 message AR and put this Advanced Training offer to your customers for a fee?

4. Distribute Support: Set-up  an auto-responder with Frequently Asked Questions. Determine what customer queries are asked and put a series of answers into your auto-responder. Put your AR to work for you by distributing your FAQ to your customers and your trial users.

The auto-responder sequences are fluid: work always to improve your messages and your offers. Your auto-responders can differentiate your business by optimizing customer communication and getting the most from your lead generation and marketing systems.

5 Ways To Beef Up Sales Immediately

December 4th, 2009

Last week, one of my clients—we’ll call him Rick—had a demo scheduled with a prospect. The standard “show up and throw up” they typically did early in the sales cycle.

Trying to shorten the sales cycle, I asked naively, “Why does the customer want to buy? What are they trying to accomplish?” Rick couldn’t tell me. I asked if he thought the salespeople knew. He said no. I gave him an assignment: he had to find out “Why,” “Why now,” and “What’s it worth.” Otherwise no demo.

In other words, no compelling reason to buy…No demo.

So Rick took a risk, and is rapidly moving to a fully-paid trial implementation.

Sure, long-term objectives and plans still matter, but I’ve been getting more and more inquiries focused on “what to do now.” Entrepreneurs and executives alike are demanding help on how to improve revenues and profits right away.

How do you make the quickest difference? Focus the bulk of your energy on revenue generation. In other words, sales! And don’t do it the same old way either, because — as you may have noticed — it isn’t working that well.

Here are five ways for your sales force to bring in more business in short order. There are no magic bullets, but just last week I taught one of these techniques to a client (#2) and he used it to close a deal the following day! Use one or use them all. Each technique will have its own effect, and each will multiply the power of the others.

1. Sell return on investment, and sell it to the CFO.

Sales people are complaining that while the pipeline may be full, the deals are taking too long to close. Perhaps that’s why the pipe is so full! What are the reasons for this? Companies have money, and in many cases they have needs. But many people are so scared THEIR customers aren’t going to buy THEIR wares, they are loath to spend any money themselves. The result? They are only willing to spend money when they absolutely see near-term financial payback, and the CFO is killing many deals.

The solution? Sell the return on investment. Sell the payback. And sell it to the CFO. Arm your salespeople with two things: A series of case studies that document the returns from using your product, and a well-defined ROI process worksheet. Work with the CFO to build the ROI case so that he or she owns it. This is the only way they come to believe it. Make it their idea and instead of killing your deal, they will help you close it.

2. Forget USP. Determine your Usage Cases

Instead of focusing on why your product is the latest and greatest, clarify the ways in which potential customers will use your product to solve specific problems and produce tangible results. Then, instead of touting the “benefits” of your product–which often fall on deaf ears, anyway–engage your prospects in conversations about what costly and quantifiable problems they now have, and how they might use your product or service to alleviate those.

And, as sales guru Mike Bosworth says, don’t tell them your offering IS the solution. You’re a sales “guy” and they won’t believe you. Instead, ask them if your possible solution might help them. If they believe it does, they have accepted your solution as truth. Then get them to tell you, in real dollar terms, what fixing that problem is worth.

3. Increase Sales Training. Use the 10% solution.

But don’t expect any one salesperson–even your superstars–to be 100% at every part of your sales process. They almost never are. But there is a way you can raise the level of every person in your sales organization—immediately.

Use this process adopted from W. Edwards Demming’s principle of optimization. Break your sales process into as many discrete–but meaningful–steps as you can.. Cold calling. Letter writing. Setting appointments. Identifying pain. Writing proposals. Presenting. And so on. Find out who in your organization excels at each step, and have those reps explain their methods and mindset to the rest of your sales force. Do all the steps at once in a marathon session, or one step at a time. Either way, the results will be amazing.

4. Use the 80/20 Rule. And get rid of the bottom 20.

There’s no room in today’s world for mediocre producers. Hold each member of your team accountable for reaching two kinds of performance benchmarks: results measurements, which include not only revenue, but perhaps new accounts and repeat business, and action measurements, which might include prospecting calls, appointments, and new contacts.

Not every sales person will be a superstar, but every one should pay their own way–and then some. Salespeople who aren’t producing not only cost you money, they drag down the performance of your whole organization. You may not pay them very much, but why pay them anything? I suggest you do both yourself and them a favor, and let them go. Don’t worry about having an empty desk: that warm chair was an expense your company doesn’t need.

If you feel it isn’t fair to “dump” them, or if your sales cycle is too long to measure short-term revenue results, give the problem reps a 30-day plan to increase their level of activity in specific ways. That’s long enough to see an improvement if there’s going to be one.

5. Track your results and work harder

Most entrepreneurial sales organizations fail to analyze their efforts. They have no idea how much effort–or money–it takes to create a new customer. The only indication they have of whether salespeople are “doing enough” is based on the revenue numbers. The answer? Track both activity and results, and use the statistics your garner to quickly raise performance. Break your sales process into a series of meaningful steps, counting each time a rep completes one. Calculate averages and set a benchmark. And while you’re at it, analyze the percentage of deals that close whenever you complete that step. That knowledge can dramatically improve your sales forecasts.

Once you establish benchmarks–this one’s a no-brainer–RAISE THE BAR. Yes, that’s right, because the fact is, revenue isn’t coming in fast enough. Do everything discussed above to improve your sales effectiveness–then do more of it. Just working smarter isn’t going to cut it. You’re going to have to work harder as well. And anyone who doesn’t want to? See number 4 above.

I’ve developed a unique Sales Audit Process based on the work of W. Edwards Demming. This program is guaranteed to produce an immediate 10-25% improvement in your company’s sales, or more. If you’d like to find out more about how you can increase sales right away, call me at 858-951-3055, or visit http://www.paullemberg.com/contact.html and send an email with details about your company’s sales situation.

12 Sales-Boosting Strategies

September 6th, 2009

The competition is fierce and ad budgets are tighter than ever.  If you’re looking to boost profits and gain market share, there are some things you can do to gain a bigger piece of the pie.

Give your product a distinct personality.
OfficeMax’s Rubber-Band Guy is an instantly identifiable, highly memorable character that has boosted sales and brand recognition.  It personifies the brand while selling the message that whatever  customers need they can get at OfficeMax.

Give them an interesting history lesson.
Some of the most common products we use today have the most interesting development histories. Hippocrates, the father of modern medicine, left historical records of a powder made from the bark and leaves of the willow tree to help heal headaches, pains and fevers. By 1829, scientists discovered that the salicin in willow plants was the key ingredient in aspirin, which was later repackaged and marketed by Bayer.

Sing your product’s praises.
Create a memorable catchy song, poem or jingle that that hooks in people’s minds. Gillette sold millions of razor blades using “The Best a Man Can Get,” which continues to stick in consumers’ heads, leaving a positive impression about the product’s unbeatable performance.

Re-package your product for the customer.
Create new convenience packaging that makes your product easier to buy, use or refill. Motor oil used to be sold in cans that required a punch-in can opener or separate punch-through spout.  These were messy and troublesome to use.  Now oil is sold in twist-open, easy-pour plastic bottles.

Let consumables take the lead.
Drop the price of your product, then promote and sell its consumables.  Computer printers can be bought for as little as $20, yet the ink cartridges sell for $29 apiece.  So don’t worry about making a big profit on devices, let your consumables take the lead.

Use viral marketing.
Viral marketing is any word-of-mouth or “tell a friend” mechanism that induces users to re-convey a marketing message to other sites or users.  Leveraged by the power of the web and email, viral techniques can create exponential growth in your product’s visibility.

Customize your product.
Try to give customers exactly what they want by creating apparently customized versions of your product.  Consider the success of Cycle 1, 2, 3, 4 Pet Foods, or Burger King’s “Have it Your Way.”

Go high tech.
Exploit the latest technological advancements in media to underscore your message.  For example, explore the use of audio chips in magazines, brochures or mailers.   The novelty of these devices gets people talking, and there’s that “V” word again (viral marketing).

Promote product sharing.
This can be done by showing how your product brings friends and family together.  An emotional appeal like this can be very memorable.  A good example is Almond Joy’s, “you can share half and still have a whole.” Another is the ubiquitous Friends-and-Family discount, which abounds in everything from cell phones to vacation packages.

Show your product being used by experts.
If possible, establish your product as the one used by recognized experts in the field. A case in point is Canon’s use of photojournalists to endorse its 35mm cameras.

Make your product sui generis.
Establish the fact that your product is generically in a class by itself.  Consider Porsche’s use of the line “there is no substitute.” Or products that have become household words: “blow your nose with a Kleenex,” or “make me a Xerox copy.”

Think outside the demographic box.
Attract a new category of customers by thinking outside the box.  Consider gaining younger or older buyers by expanding the utility and style of your product, e.g., cell phones for ‘tweens, or health bars for seniors.

Alex Kecskes provides a full range of copywriting services. Visit www.akcreativeworks.com  for more information and samples.