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A Newsletter With Insights on Sales Excellence and Customer Retention

Volume 1

December 2003  --  Issue 5  

www.PeakSalesConsulting.com

info@PeakSalesConsulting.com 

Customers On 34th Street

 

Now that we are deeply embedded in the holiday season, I feel obliged to make one of my silly analogies on life. I love this time of year, not just because of the holidays and the fact that I can get a little time off, but also because it gives me time to reflect and think about life's many lessons and gifts.

 

One of the things I like to do around the holidays is watch the timeless classic "Miracle on 34th Street". You remember, this is the one where the delightful Edmund Gwenn (my favorite version of this oft imitated classic) plays jolly old Kris Kringle and is hired by Macy's to play Santa Claus. He tries to convince a no-nonsense, skeptical little girl, played by the adorable Natalie Wood, that it's okay to imagine and that there really is a Santa Claus; and "he is him".

 

Aside from being an overall heartwarming story, the part I really like (being an old sales and marketing guy myself) is when Edmund, I mean Kris, starts telling Macy's customers where else to find gifts that Macy's themselves does not carry. At first, Mr. Macy was ready to ride him out on a rail, if not on his portly posterior. But then he realized that this was a stroke of genius. Sure, he figured, if Macy's becomes the authority on where to find the gifts customers really want, then everyone will come to Macy's. "And, if they come to us," he thought, "they'll probably buy something from us too, not to mention all the good will we'll create." Well, I don't have to tell you, this strategy worked like a charm. In fact, it worked so well that Gimbels, Macy's major competitor, started doing the same thing.

 

"Ok! Enough of this holiday dribble!" you say. " What does this have to do with my business?" you ask. Well, I can't help but make the analogy about positioning oneself as an authority so people come to you for advice, guidance and perhaps a purchase or two. We've always encouraged our clients to present themselves as authorities in their fields of expertise who should provide solutions to customers' problems, as opposed to sales reps pushing a product down their client's throats. This means you may end up sending a prospective client away, even to one of your competitors, because you may not sell or offer what they need. 

 

In doing so, you've positioned yourself as a trusted advisor, or business partner. On the other hand, if you try to force-fit your product or service to your client's specific problem, in time they will not be satisfied after all and that seemingly quick and easy sale will come back to haunt you. Just in case you're beginning to doubt this strategy for even a second, please let me advise you - Don't! It really works. I've done this myself for years, as have many of my clients, and it works. I have businesses calling me for advice whom are not my clients and who have even purchased a competitor's product in the past. Yet they call me still because they know I won't steer them wrong. Someday, they may purchase from me, when they are ready.

 

I speak to prospective buyers all the time and when they start out the conversation with, "Can you tell me why I should buy your product or service?" I say, "No, not until I know what kind of problems you're trying to solve and what your objectives are. For all I know you might be using the right product already but using it incorrectly, or you might be better off with a different product than ours. So it depends on what pain you're trying to remove and your unique situation. I might need to recommend you to another consultant or service provider."

 

Sometimes this leaves them speechless for several minutes; well maybe just seconds, but it does stop them in their tracks and gets their attention. It makes them think, "Hey, this guy's not going to try the hard sell and force me to buy his product. He really wants to understand MY needs, not his own." Then I ask a lot of questions and listen really well (the secret of successful sales professionals). Assuming that we have a good fit for the client, I then evolve into the next phase of the discussion since I know we can help solve their problem. By the end of the conversation, where I wax eloquent about the virtues of our services and how just the right product can help improve their business and resolve their problems, they can't wait to have a planning meeting with me to learn more and start moving ahead, which is my objective all along. But they feel like they're "buying" as opposed to being "sold". There is a big psychological difference between the two.

 

So, if you haven't tried acting like a Macy's Santa Claus yet, give it a try. It takes courage and it can be risky because you're suggesting the prospect might need to look elsewhere. But that is not nearly as bad as selling a customer the wrong product or service. If you try this I believe you'll be pleasantly surprised. And you may get a customer for life who keeps coming back for more and more, because you've sold them what they need, not what you want. You become their trusted advisor (or, their Santa Claus). For those of you who already do this, you know exactly what I mean.

 

Happy Holidays!

 


 

From your friends at PEAK Sales Consulting

 

Have a wonderful Holiday Season and a 

Very Happy New Year!

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PEAK Sales Consulting specializes in working with businesses to develop and implement business and sales processes. Our focus is to help businesses increase sales revenue, reduce sales cycles, enhance lead flow management, develop world-class sales teams, and create customer retention strategies. PEAK Sales Consulting develops Sales Process and CRM strategies, provides sales coaching and training, and offers sales technology solutions. Visit us at www.PeakSalesConsulting.com  or call us at (702) 655-5652. Our email address is sales@PeakSalesConsulting.com and our mailing address is 8205 Wooden Windmill Court, Las Vegas, NV 89131

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