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Posts Tagged ‘professional selling’

Are You Selling Your L-Factor?

Tuesday, June 16th, 2009

Top Sales Experts E-Book Summer 2009

This is my article from the new Summer eBook from Top Sales Experts International.

It’s 147 pages and includes articles from some of the foremost sales experts in the world. People like Dan Adams, Keith Rosen, Wendy Weiss , Nancy D. Solomon, Joanne Black, Jonthan Farrington, Paul McCord , Cindy King and Kelly Robertson to name but a few.

It will be on sale for $19.95, but you can grap a copy for FREE here. To download your copy - just click on the widget on the right.

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A person’s likeability factor is often referred to by people such as Simon Cowell when assessing contestants for TV shows like Pop Idol. While it might be a commonly used term, how many of us really understand what it means? How can you use your own L-factor to improve your sales performance?

Definitions of “likeable” can be vague. Terms such as “Easy to like”, “attractive” or “appealing” are just some of the descriptions that are often used. In the book “The Likeability Factor” author Tim Saunders tells us that it is only when we enter the fields of psychology, physiology, and personality that a more concise description of likeably can be found.

Tim defines our likeability as, “An ability to create positive attitudes in other people through the delivery of emotional and physical benefits” He identifies four key factors that go to make up each individual’s L-Factor, they are:

● Friendliness: your ability to communicate liking and openness to others.

● Relevance: your capacity to connect with others’ interests, wants, and needs.

● Empathy: your ability to recognize, acknowledge, and experience other people’s feelings.

● Realness: the integrity that stands behind your likeability and guarantees its authenticity.

We refer to actions in sales, where both the prospect and the salesperson benefit, as win-win. Improving your L-factor is also win-win, because not only do those who know you benefit, but as Tim points out - you also benefit. You win more of “the popularity contests” that define your life.

In sales, your likeability is vital in creating good first impressions, building rapport and allowing the prospect to trust you. These are critical building blocks to creating strong relationships with customers.

Likewise, in a competitive situation where two solutions are evenly matched, the salesperson’s L-factor could quite easily become decisive. So what are some practical steps you can take to increase your own Lfactor with your customers?

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1. Friendliness - Be more open to creating a lasting Impression with your Customers.

One of the first ways that you convey friendliness to prospects is through non-verbal communication.

● An open posture
● Using open gestures
● Maintaining eye contact
● Interested facial expressions
● Smiling
● Laughing

Note: Remember that later evidence is only interpreted by customers in light of their first impressions of you.

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2. Relevance - Let your Customers know you are listening to what they want.

Active listening is how you communicate your listening to customers. This means nodding, conveying expression in your face and making good eye contact. Also important are not interrupting, asking the customer checking questions and taking notes. Remember, it’s how you dramatise and convey you’re listening that really matters.

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3. Empathy - To better know your customers, first get to know how they are feeling.

Developing empathy with your customers requires that you manage your responses to:

a. Your customers and their circumstances.
b. Your customer’s reactions to you.

● Be careful not to pre-judge an emotional state, tone or reaction, as there are nearly always circumstances beyond your knowledge.

● Rather pose questions to better understand where the particular emotion (good or bad) is coming from.

● The best way to develop empathy with customers is to ALWAYS try to look at things from their perspective.

● Remember, the first step in getting customers to feel strongly about you is to first understand what they already feel strongly about.

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4. Realness - Guarantee your Customers nothing but the Truth (even when it hurts).

Honesty is an integral part of sales. Without it, there cannot be trust and without trust, there cannot be a relationship. The ability to develop strong relationships is the critical aspect of a successful outcome in sales - which in turn makes honesty so vital.

Remember (Honesty ● Trust ● Relationship ● Sales)

Most salespeople are never intentionally dishonest, but there are times when pressure or temptation creates traps that we can fall into. These sometimes result in salespeople venturing into grey areas and telling customers white lies.

Traps to be very careful of:

● When a customers asks a question where you don’t know the answer to or only know some of the answer. Not wanting to appear foolish - the temptation here can be to bluff - don’t do it!

● When a solution only partially meets a customer’s needs, but they continue to be interested - the temptation can be to fail to highlight that the solution will not meet all of their needs - don’t do it!

● When a competitor makes very ambitious claims - the temptation can be to follow suit - don’t do it!

● Where a customer is still struggling to grasp how a solution will work, but still wants to buy - the temptation can be to choose to explain after the deal is done - don’t do it!

The easy rule to apply to any circumstances is, if in doubt - DON’T do it!

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Getting prospects and customers to like us more is by no means easy. The challenge to building great person to person relationships, very often comes down to our understanding and acceptance of the individual’s uniqueness (warts and all). The skill is in finding the common ground.

There are certain traits that we all find appealing in others - business and sales are no different in that regard. Becoming a better salesperson may require that you become a better person.

Applying these 4 simple, yet effective, principles in both your personal and professional life will help.

Oh yeah! And your customers will trust, respect and LIKE YOU MORE for it.

When All Else is Equal, How do you Differentiate Yourself?

Wednesday, April 15th, 2009

Btb Guest Author

Dave Brock

This morning, I had an interesting discussion with a client. He was talking about a specific sales situation. Basically, he said that customers were saying there was no differentiation between the products and services his company offered, versus the competitors. He went on to say, they are seeing this response in more and more sales situations. He was at a loss to deal with it — or at least wanted to avoid the ultimate differentiator — at least in this situation — pricing.

I thought I’d throw this issue out there for your ideas and thoughts. I’ll provide a few of mine as a starting point (but by no means complete):

1. I fundamentally don’t believe, “everything is equal,” this is the ultimate point of commoditization. Even in commodity areas, there are differentiators, but they may not be based on product differentiators. I think the problem here is sales people tend to focus too much on the product, and not the total offering or capabilities of a company. When one considers the total offering, the product, the capabilities of the company, the services, etc, things are seldom equal.

2. Often, this view is the result of an inward-out orientation. That is, we present the product features, functions, feeds, speeds to the customer. The “sophisticated” sales person may add some company capabilities. But we dump these facts in the customer’s lap, and let them make the assessment. First, that’s not their job and if we force them into that, then we aren’t doing our job. We need to start with the customer, understanding their business needs, drivers, goals, priorities and challenges. We need to drill deeply into their business issues and prioritize each one — for each person involved in the decision making process. Only when we understand it is it possible to position our offerings in a context that has real meaning and impact to the customer. Done properly–customer by customer, in my experience, it is virtually impossible for everything to be equal.

3. The previous point addresses the customer business drivers. We cannot forget the personal drivers — things that concern each person involved in the decision process, but which we often overlook. People make don’t make rationale business decisions. Often they rationalize deeply personal decisions with a business argument. We need to understand their personal drivers. It may be getting a boss off their back, getting home on time, getting a promotion or bonus, keeping their job. Like the previous point, only when we have understood the personal drivers of each person involved in the decision process and position our offering in the context of “What’s in it for them — personally,” can we differentiate ourselves. Again, from this point of view, it is virtually impossible for everything to be equal.

4. Finally, at least for my comments, I think we under estimate the value we bring to customers in facilitating the customer’s buying process. A strong, consultative sales professional adds tremendous value to the customer as they execute their buying process. My personal experience is this is often the strongest differentiator. Many people have bought from me, simply because I cared about them and their companies. They wanted to invest in a partner who was committed to their success. Maybe it’s my ego, but I am never equal to anyone else!

Enough of my ramblings, what are your thoughts? Can everything else be equal — is our world becoming increasingly commoditized, where the only means of differentiation is price?

Dave Brock works with organizations to help them achieve the highest levels of performance excellence. He helps them identify and execute new business, sales, marketing and customer service strategies. His goal is to have a profound difference on the lives and results produced by his clients. Dave is the founder and CEO of Partners in EXCELLENCE, a leading business consulting company. He has held executive roles in IBM, Tektronix, and other large technology companies. He is an investor, advisor, and director of several high technology start-up companies.

Over at TSE

Shush!!…….keep it quite, but because I am a member of Top Sales Experts - my readers can join for a special discounted rate

In case you missed it, last night was TSE Kick-Off Roundtable “The Future of Professional Selling . The panel of Jonathan Farrington, Jill Konrath, Linda Richardson, Dave Stein and Nigel Edelshain answered questions on wide range of sales topics. It was an extremely rewarding and informative on-line experience, and I had a few people contact me directly to say thanks for making it available through our blog. A BIG well done to everyone involved.

TSE Webinar Series : FIFTY top sales gurus, who will be delivering top class presentations - simply click on the banner below to see the full schedule.

Our webinar series kicks off on the 16th of April with Wendy Weiss’s “Cold Calling in the 21st Century: The New Rules”

On April 21st, we launch “Sales Hardtalk” a daily dose of hard hitting advice, commentary and sales tips - easily downloadable and in bite size chunks, not to be missed.

Finally, at the end of April, the Top Sales Experts team will be launching their latest Ebook, packed with contributions from all of us - more details soon.