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Wednesday, 11 April 2012

Hosting the IRM Selling Solution Formula - Come dine with me

How well might we stand up to the scrutiny from our buyers if they conducted an " After we've gone" critique - like you see diners  give in the taxi cab home , holding up their score paddle to the camera, after a meal on  Channel 4's Come dine with me show. ? 

( next episode 79 series 25 Channel 4- April 11 2012 tonight 5p.m and  4oD)

In some ways, a good salesperson needs to be much more than a domestic dinner party host but rather have the skills of the maître d  ( maître d’hotel) .

Indeed a sales executive’s job description and personal profile have a number of parallels with a maître d.

 The responsibilities of a maître d’hôtel generally include supervising the waiting staff team ( similar to organising resources of back office, production ,etc.), welcoming guests (  akin to prospecting, networking) and assigning them to tables ( like account management) taking reservations (equivalent to taking orders), and ensuring that guests are satisfied ( customer service).
The IRM foormula Ingredients, Recipe and Menu of your offer analysis

In large organisations such as hotels or cruise ships with multiple restaurants, the maître d'hôtel is often responsible for the overall dining experience including room service ( on line buying and telephone sales) and buffet services ( taster days, seminars etc.), while headwaiters or supervisors are responsible for the specific restaurant or dining room they work in. ( maybe field engineers)
In restaurants where food is partly prepared at table, the maître d’hôtel may be responsible for such operations as boning fish, mixing salads, and flambéing foods. ( Demonstrations,  training, presentations)
Like the maître d , a salesperson has to communicate persuasively the chef’s recipes. This means translating the language of the Kitchen – not just the Gordon Ramsey expletives !!! but words such as  ‘ covers’ are jargon that diners don’t use. So ‘covers’ become portions.

 Ingredients  and cooking steps are translated into the language of the  menu appealing not just to the rational motivations of nutrition health and safety and cooking functionality  for the diner but to the presentation of the meal - the eating  and drinking of the entire dining experience.
This skill in communication enable them turns the words of the menu ( the equivalent of  sales literature , brochures etc.) into persuasive communication.
This is how Philip Stanley and I facilitated a set of  sessions developing and presenting Offer analysis for a group of twenty delegates at an open course PRO PAYBACK Selling for TACK INTERNATIONAL last month.

 We make the session very pacy , fun and highly active

Hugh Alford and Philip Stanley , TACK International

The maitre d is a trained professional who knows what to say beyond the words of the menu, beyond the blurb on the wine bottle.
The untrained waiter does not know what the specials are or what the soup of the day is, what are the vegetarian options? or whether there are nuts in the ingredients- ever been there fellow diners?!
A salesperson today needs to have more knowledge that what the clients has gleaned from the website, literature etc before the call with the salesperson. They need to be trained.
Actually most salespeople have the knowledge but not necessarily at the ‘fingertips’  .             How often after a sales call that maybe did not go as well as you hoped?
Yet when you leave the meeting, put down the phone, sign off  from the sales webinar and the ‘pressure ‘is off you realise you missed explaining something “ If only I had remembered to say X., Y or Z….” you say to yourself.
i.e. It was not a problem of lack of product or sales knowledge but  rather of having the information to hand at the time in the front of your mind. One way to develop this skill is to derive a detailed analysis of your offer.

Whatever the level  of experience of a sales professional it is good to go back to the basics. Star sportspeople train, opera stars warm up actors rehearse so salespeople ( however advanced they see themselves to be) should go back to the fundamentals.
What is the most fundamental question on any buyer’s mind?
Not price ( although that will be high on the list of course) but relevance

What will it do for me?!
i.e. What is your offer
Once in a while it is a really good exercise to get some flip chart pens and  paper and commit your offer to paper. You can do it indoors - You can do it al fresco.

You can do it with you breakfast orange juice to hand

You can do it outside with a cup of tea or coffee




 Once done.


Test that your Offer Analysis is sufficiently robust and rigorous.  Stand up and present it to a group of colleagues. This will help you become more fluent in explaining the benefits and personalised benefits when addressing real  clients.

Any places in your offer which are a 'bit thin' or insufficiently supported become more obvious to you and you can improve your offer.

Standing up also exposes your analysis more clearly to you. It test the substance and logic of your offer analysis.
 explaining her offering

standing up all gets you to enthuse more about your offer



Get your audience to challenge the claims you make in your offer and the proofs of such claims. This will help your offer analysis - and particularly  the way you express the You appeal . It will make is less stilted and sounding like Sales patter or sales 'Spiel'.

  
Enlist the help of colleagues to put your Offer Analysis to the test
 
presenting his offer
being challenged by his colleagues
Fay answering a "So what?" challenge
Don't throw out your strongest benefits too cheaply. Thes are often the benefits of your offer with rspect to savings in the client's TIME, savings in resources or savings in Money or improved Return on Investment.



 An example of Offer Analysis work by delegates at the TACK International PRO  April 2012 PAYBACK selling course at Coventry. The delegates generated a lot of great work. Philip and I wallpapered the room.



 


Passing out parade of newly qualified sales maitres d at  course in Coventry ,
 Warwick University Conference's Scarman House

Tuesday, 10 April 2012

The Titanic Challenges of the Internet - 34 Really useful Selling and training websites

RMS Titanic sank in the North Atlantic Ocean on 15 April 1912 after colliding with an iceberg during her maiden voyage from Southampton, England to New York City. The sinking of Titanic caused the deaths of 1,514 people in one of the most tragic peacetime maritime disasters in history
One of their most important legacies was the establishment in 1914 of the International Convention for the Safety of Life at Sea  (SOLAS), which still governs maritime safety today.
Modern naviagtion aid
Commemorations are taking place this week and in my birth town of Southampton.


http://www.seacitymuseum.co.uk/ Double Olympic gold medallist James Cracknell is to officially launch Southampton’s SeaCity Museum on 10 April

(Southampton lost 549 of the city's residents in the disaster.)

The web is like a vast ocean and navigating around it could be a Titanic challenge.

So I asked my colleagues at the Tack International Spring Conference 2012 just before EASTER 2012 to share with me some of the ' navigation aids'  - business sites -they find most useful to avoid the web's 'icebergs'.

I share them with you! :-


1.       BBC news                                                                              http://www.bbc.co.uk/news/


2.       Fruits of Success with hugh                           http://fruitsofsuccesswithhugh.blogspot.co.uk/


3.       Twitter                                                                                   https://twitter.com/


4.       Comparison sites e.g. Trip adviser                              http://www.tripadvisor.co.uk/


5.       TED                                                                                          http://www.ted.com/


6.       Brand Channel                                                                    http://www.brandchannel.com/home/


7.       Business Balls                                                                      http://www.businessballs.com/


8.       FT                                                                                             http://www.ft.com/home/uk


9.       Times on line                                                                       http://www.thetimes.co.uk/tto/news/


10.   LinkedIn (news / groups) Training Groups              http://www.linkedin.com/home



11.   Google, Google Search, Google + (circles) Google alerts, https://www.google.co.uk/


12.   Sunday Times                                                                      http://www.thesundaytimes.co.uk/sto/


13.   Facebook business page, facebook groups            http://www.facebook.com/business


14.   Yammer                                                                 https://www.yammer.com/


15.   Tack International Blog                                                    http://www.tackinternational.com/uk/blogs


16.   Tweetdeck                                                                           http://www.tweetdeck.com/




18.   Fierce pharma                                                                     http://www.fiercepharma.com/


19.    Fierce finance                                                                    http://www.fiercefinance.com/


20.   You tube                                                                               http://www.youtube.com/


21.   Wikipedia                                                                              http://www.wikipedia.org/


22.   Training Zone                                                                      http://www.trainingzone.co.uk/


23.   Management Today                                                         http://www.managementtoday.co.uk/


24.   Training Managers Yearbook on line                         http://www.apbusinesscontacts.com/


25.   Investopedia                                                                       http://www.investopedia.com/


26.   Kompass                                                                               http://gb.kompass.com/


27.   Trainer’s base                                                                     http://www.trainerbase.co.uk/

28.   Economist                                                                             http://www.economist.com/


29.   CIPD local groups                                                               http://www.cipd.co.uk/news/socialnetworking.htm


30.   Sales Performance Association                    http://www.salesperformanceassociation.com/


31.   CIM                                                                         http://www.cim.co.uk/home.aspx


32.   12manage                                                             http://www.12manage.com/


33.   Companieshouse.gov.uk                                 http://wck2.companieshouse.gov.uk/61443c3015048a15faaad21f8b2315fa/wcframe?name=accessCompanyInfo


34.   ISMM                                                                     http://www.ismm.co.uk/




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What do you think of Supplier Salespeople in 2012?

Do you buy any products or services for or on behalf of your company?

Are you responsible for purchasing for your business or involved in the procurement process for your company? Please take part in the latest TACK Questionnaire click on this link.

A free  copy of the Executive summary will be emailed to you in Summer 2012
==========================================================================

Solution Selling and Business Intelligence - Intelligent Business.

Before you call your next client- have you done your research homework ?

Challenge:            How would you fair on the following test right now?

 On a piece of paper , draw three columns  name three clients you are next going to call and write the names at the top of each column.  You might choose for example an Existing Client 1st Column, A Qualified Prospect for column 2 and new Prospect for column 3.

 Then  for each column answer the following nine questions. - be brave and commit yourself to paper and record your answers.

Away you go - good luck.

1. What latest news for their industry sector have your found out? (Market and Global)

2. What are the main challenges of the client’s company have you researched?(Company and Market)

3. What are the likely priorities that you have unearthed? (Company)

4. Where are the new potential customers to be found? in their markets? (Market Global?)

5. Who are the main 'players' in their market? (Market)

6. Where are the new opportunities in their market? (Global, Market, Company)

7. What are their competitors up to? (Market)

8. Who’s who, who’s where, who’s moved? ( Who's who in the Zoo) – you really oughta to know werhoos werhoo*. (Company)
9. Who are their connections on LinkedIn etc? (Company)
How well did you do? Quite  a tough audit into our research skills for a call wasn't it?

TACK International Buyers Views Research Buyers tell us they expect salespeople to know not just  about their products but also about the client's company and market sector in some detail ahead of the meeting / call contact.

I guess we can all research better and improve our insight into the business and market place.

So let's look at how  we might improve our insight
What do we need to know ?


Let’s start with the Client Company

a.       First port of call is the client’s company website. But once there, what should you research for? It is easy to waste time on web searches so prepare  for yourself some questions ( even write them down like the ones in the challenge if you feel they are relevant) otherwise one tends to just react and can fall into the danger of being distracted from our main purpose or research. We can be like a spider caught up in the web and miss the fly!
To avoid getting entangled, try to get an idea of their business by considering 1. who are their suppliers?  2.What do their suppliers provide the client with ?  3.What does they client do?  4. Who are the client’s companies? 5. What value does the client give to their clients?

Remember the client’s website is primarily designed for their clients to look at ,not necessarily their suppliers ,so we may have to hunt around a bit for the information we want.

It’s worth looking at the ‘About us’ and ‘What’s new?’ or ‘News'  areas. ( Although it sometimes shows how they don't keep their website up to date!- but that's information for us as well I guess)

It is valuable to surf the Web  for news items, reports about the client company. Try the on line Business media services like the The Financial Times (FT) .

If your research target  are  a publicly quoted company maybe the Business pages of the papers or on line versions can help. It could be useful to set up a Google alerts for your target company.

b.      Next it is worth investigating the individual contacts or potential contacts within the company. Enter the contact’s name into the search box of their company website see if that produces anything.

c.        Google the contacts name and see what that reveals. Don’t  forget to try  google-images Google Images to see if you can find a photo of your contact. You tube is used a search engine in its own right.
 For example  Neutrino Business Intelligence ( Neutrino BI)

 You tube clip about Neutrino Business Intelligence

d.      Is your target on LinkedIn? Have a look at their profile. Look at their past jobs, qualifications etc. Also search amongst the various industry groups within linked in.

e.      Do they do twitter for business?

f.        Has their company produced any videos on Twitter e.g. demos. Trainings etc.

g.       Do they have a Facebook profile?

h.      Do they have a work blog?

It always amazes me the huge variety of trade magazines published.
 The Guest publication spot on BBC One's 'Have I got news for you?' illustrates this point.
 Next, finding out more about Client’s market

a.       Google for trade bodies, institutes

b.      What are the trade sector magazines or publications – If the trade sector is not familiar to you try looking up BRAD in reference section of Public Library . Often referred to as the Advertiser’s Bible it holds information on the advertising rates for the magazines do a search for market sector you are interested in and you can find out the magazine titles On line versions BRAD Insights  http://www1.bradinsight.com/

d.      Look at the Government website like  UKTI



Finally don’t overlook researching at the Global level.  How can you really speak at a high level as a business Adviser and Trust level if you don’t know the news.

a.       At a Basic level know the front page and last page of a newspaper. Most national and local papers it’s the news of the day on the front page and the sport on the back page. If you are staying overnight away from home and your hotel ask you which nespaper you would like why not ask for the local newspaper- it will give you an insight into the area you are visiting.

 Information gleened  helps with the small talk with a client- if you discern that that is what the client wants. (Don’t forget though that 25% _+ will want you to 'cut the **** and get on with it' straightaway – i.e. ( Start Listening and Questioning from the start!)

b.      Take a look at sites like  The Economist , Institute of Directors (IOD),
Related Links:

Next episode of 2 Have I got news for you?" Epsiode 1 series 43. 9 p.m. on Friday 13th April 2012 BBC One  http://www.bbc.co.uk/programmes/b01g9c85

*Fun video - why knowing who's who is important
 (Muppets' version of the GNU song of Flanders and Swan - You tube)