You Never Write, You Never Call

I have a loved one
who used to complain
I never thought of her. 
Despite calling her semi-regularly,
sending her emails, etc.,
I would hear that repetitive complaint. 

Then I started sending her weekly letters. 
Now for a cost of a stamp and a postcard,
she’s happy. 
She feels loved. 

What does this have to do with sales? 
Most customers have a tiny, tiny “thing”
that if supplied, they feel loved. 

For me, as a customer,
it is the follow up phone call/email/letter
after I buy. 
Do that and I’ll be a customer for life. 

How to find out that one thing?
Simple. Ask.
Ask about their best buying experience
and what the salesperson did during it.

Published
Categorized as Sales

Selling Specs

I was on a site selling blogs
(doing research for a friend). 
Listing after listing had the same information. 
Page Rank, Monthly Revenue,
Unique Visitors, Links In…  

Then there was a listing
with none of that. 
And no bidders. 

The comments? 
Asking about the common information. 
It was common because
that was what the buyers were looking for. 
That was how they valued the blogs. 

By not listing the information,
the seller looked like a junior jammer,
out of touch with the market.
Not likely to get premium pricing.

Published
Categorized as Sales

Partnership Prenup

From my recent adventures
in blogging partnerships,
I’ve learned that,
as with marriages,
its often best to decide
how the partnership will end
before the partnership starts. 

This “prenup” is needed even for
the most informal partnerships
(as my blogging relationships were). 

Launching a new venture is a tough, tough business. 
To expect all partners to survive is unreasonable. 

Published
Categorized as General

The Business Card Is Not Dead

I’ve read on different blog posts
that the business card is dead,
that email signatures are the new method
of recording contact information. 

I disagree

A few weeks ago, I won a contest. 
The holder of the contest, an author,
included her business cards as part of the prize mailing. 
She gave me a dozen and
by the end of a week 1,
I had given them all out. 

Why? 

It was the quickest way to
convey her information during
a face-to-face conversation. 
The business card had
a picture of her new book and her website.

Published
Categorized as Marketing

Investing In Capital Last

I worked for a Fortune 500 beverage company.
We were coming out with a new product.
In my plans, I planned for capital investments.

But not in the first year.

In the first year,
we planned to have a co-packer
make the product.
This co-packer would supply the equipment.
This meant leaner margins, less profit.

So why this strategy?
Because we weren’t assured of success.
And until we knew that it was,
we weren’t investing long term.

If a Fortune 500 company bootstraps new products,
so should the untried entrepreneur.

Handling Sales Objections With Feel, Felt, Found

Hearing no is part of sales. 
Learning how to deal with objections
is a must for any salesperson. 

Brian Tracy in this book “Be A Sales Superstar”
suggests using the Feel, Felt, Found method. 

“When a customer says something
like “It costs too much,” you can say,
“I understand exactly how you feel. 
Others felt the same way
when they first heard the price. 
But this is what they found
when they began using out product or service.””

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Categorized as Sales

Jay Leno’s Star Placement

In today’s information culture,
it is pretty much impossible to hide your past. 

There are two basic ways to approach the “bad” bits. 
You can try to keep them a secret and
hope they never surface
(impossible to do if you are ever in the media spotlight)
or you can be open about them. 

Jay Leno? 
He puts a star on them.  
The placement of his Walk Of Fame star is
on the site where he got arrested for vagrancy. 

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Categorized as Marketing

The Single-Invoice Mentality

We see it in retail all the time. 
The single-invoice mentality. 
What is it? 

Stan Adler in “The Zen Of Selling” explains…
“This store is full of single-invoice mentalities. 
It’s pathetic, but it’s also your advantage. 
Most salespeople don’t follow up for two reasons: 
first, because it means more work, and
they probably got a sales job in the first place
because they didn’t like hard work and,
second, they don’t have confidence in what or
how they sold the customer initially,
so why should they call the customer
and risk confronting a problem? 
That’s the working premise of a nonseller.

What the average salesperson doesn’t understand is:
If the customer hasn’t already called you,
whatever problem there is can’t be urgent.”

So follow up,
solve the small problem and be a hero.

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Categorized as Sales

Pitching Vs Negotiating

I recently saw an entrepreneur pitch ownership
to a possible investor. 
The investor, of course, counter-offered
and the entrepreneur walked away,
refusing to negotiate. 

You, as a vendor or potential partner, 
may be entering a boardroom
to pitch a product or a deal
but your prospect is there to negotiate. 

Expect it, prepare for it. 
Run through what if scenarios in your mind. 
Don’t walk away from a possibly better opportunity
because you have another one stuck in your mind.

Published
Categorized as Sales