This is a draft cheat sheet. It is a work in progress and is not finished yet.
Successful Salespeople:
Think like a customer. |
Think ahead and pull to control the buy/sell process. |
Ask great questions. |
Qualify early and often (yes++, no++, maybes--). |
Use the right tool at the right time. |
Buyer's Process | Seller's Process
Initial Interest |
Initiate |
Education |
Educate |
Transfer of Ownership |
Validate |
Rationalize |
Justify |
Decide |
Close |
Tool: Towards/Away
Find out if your buyers are moving TOWARDS something or AWAY from something when initiating the sales process. 70-80% of people or AWAY buyers. |
Tool: Feature/Benefit/Value
Present the Feature, Benefit, and the Value. The Value portion is often forgotten but it is the key buying reason for the Business Buyer (aka Russians/Greeks). |
Tool: Cause/Effect
In the education phase, get to the split early. Find the motivation of the business case buyer by asking cause questions. Find out the effects or needs of the user buyer by asking effect questions. |
Tool: Three Languages
Speak the right language to the right buyer. There are three levels of buyers and they each have their own language and interest:
Executives (Greeks) - Market Size/Market Share - business buyers
Vice Presidents (Russians) - Revenue/Cost - usually business buyers
Managers (Spanish) - Features/Functions - usually user buyers
What language do you speak if multiple levels are in the same room?
Default to the most senior member's language but it's ok to speak Russian as most Greeks are fluent. |
Tool: ValueStar
To sell effectively you must sell Value (or money). Greeks and Russians are greedy and want a return on their investment, not to break even.
There are five ways to create value:
ROI
Risk
Time
Brand
Leverage |
Tool: TimeZones
Past (Restorative) |
Russians/Greeks (Business Buyers) |
Present (Opportunistic) |
Spaniards (User Buyers) |
Future (Strategic) |
Russians/Greeks (Business Buyers) |
When selling Value speak in the right TimeZone. What you present and the questions you ask should be in the proper tense based on the audience of the person you are speaking too.
Tool: 30 Second Speech
This tool is used to begin a prospecting sales call and initiate the sales process, it follows this structure:
0.Pre-Intro
-Find out if it is a good time to talk
-Use a reference if you have one
-Use your homework
1. Introduction:
Good Morning, Mr. Smith. My name is Bob Cook. I'm a salesperson with CROmetrics.
2. About Us (use three points)
-We are the leading..
-We provide the...
-We also help...
3. Bridge Phrase (use three questions)
Many question we get from VPs like your are:
-Is there a way to...
-Can you reduce..
-How can I speed up...
4. Summarize and Flip
Before we get into these questions, Mr Smith, what are the issues and questions... |
Before the call remember to do your homework on the prospect and speak in the right language, timezone, and don't forget to sell value.
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Tool: Ask/Tell/Ask
This tool turns the standard educational sales call on it's head and into a validation call.
20-30 minutes: Ask questions about what they want to discuss
5-10 minutes: Tell them what you do and how you can help them
10-20 minutes: Ask them what you both have said, agree, then SBP |
Tool: Summarize/Bridge/Pull
The SBP tool is how you end every call and address whether to continue the Buy/Sell process.
1. Intro
We accomplished a lot today Mr. Smith.
2a. You
You said you wanted...
2b, I
We discussed how we might be able to help...
3. Bridge
Do you agree?
4. Next Steps
Great. As a next step we should sit down and... |
It's very important to use this at the end of every call and to stay in control and set the next steps. Do not let the prospect set the next steps as it puts the control in their hands.
Tool: 20-Second Help Speech
A simple speech used for voicemail (or possibly email).
-Intro
-Ask for help
-Request action
Hello Mr. Smith, my name is John Potts and I work for CROmetrics, and I could really use your help. Please give me a call back at 555.555.5555 |
When they call back, tell them what you do but then ask who would be responsible for this in their company. This is also a great time to use a reference if you have one.
Tool: 30-SS: Second Call and Beyond
First Speech |
All Other Calls |
-Intro |
Tool: 30-SS: Second Call and Beyond
First Speech |
All Other Calls |
-Intro |
Tool: 30-SS: Second Call and Beyond
First Speech |
All Other Calls |
-Intro |
-Intro |
-About Us |
-Last time we talked... |
-About Them |
-Your Agenda/Concerns/Issues were... |
-Summarize & Flip |
-If good meeting today, Next Step |
Tool: GAP Chart
Ask questions to find gaps business buyers are having reaching important goals. If the prospect is projecting to be short 5% on a very important goal and you can help fill the gap, you are gaining a competitive advantage and delivering value. |
Tool: SalesMap
A SalesMap is a document that is updated throughout the sales process that outlines what steps:
- have already been taken,
- do you still need to take, and
- does the prospect still need to take. |
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