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Friday, October 21 2011

7 Tips For Partnering

With Other Businesses

 

One of the most dynamic moves available to you is the formation of a informal partnership between a business(es) that is (1) Similar in nature to yours or (2) Complementary to your products or services. Regardless of what form a partnership takes -- short term, long term, deeply integrated or something more casual, all have the potential to drive in new clients and help strengthen existing client relationships.

 

With the importance and value of a business partnership in mind, listed below are seven tips to help you establish and maintain strong business partnerships.

 

7 Tips For Partnering With Other Businesses:

 

Tip #1. Develop A Unified Vision: The start of any business partnership should begin with a firm understanding of the partnership's purpose. What motivates each of your companies? What drew you to one another? The factors that align your businesses will serve as the basis for your partnership's plan. That partnership plan should include all the various details concerning how your businesses will interact with one another.

 

Tip #2. Address Individual Needs: While a partnership may be a unified initiative, it is still driven by independent businesses, each with its own needs and wants. Part of maintaining a strong business partnership is to avoid being self-serving; instead, be sensitive to each other's wants and needs and provide support when available. The more you help each other with your individual goals, the stronger your partnership becomes and the more likely you are to achieve your unified goals.

 

Tip #3. Identify Strengths & Weaknesses: Every business has its strengths and weaknesses. One of the benefits to establishing a business partnership is finding ways to complement your individual businesses (where one excels and the other falls short). Beyond creating a more powerful entity by maximizing your strengths and minimizing your weaknesses, your businesses should theoretically learn and grow from one another, strengthening as not only a team, but improving individually as well.

 

Tip #4. Establish Partnership Roles: Business partnerships do come with their risks, such as stepping on each other's toes or overstepping boundaries. You presumably established your business partnership because of a very clearly defined advantage(s) that a cooperative venture would yield for each of you. As part of the plan development touched on in Tip #1, you should put into writing what each partner's role is, what limitations there are and even include accountability as a precaution.

 

Tip #5. Show Respect Throughout The Partnership: A business partnership is a relationship. That means you need to be responsive and communicate regularly to keep one another abreast of mutual interests and project status. You need to be honest about situations that affect one business or the other to avoid damaging your relationship, and carefully manage any disagreements that may turn up by mistake or misfortune. Like any relationship, communication is key. So be honest and keep in touch regularly so everyone is on the same page.

 

Tip #6. Maximize Partnerships With Webpages: One of the best ways to get the most out of your business partnership is to mutually agree to develop a partner page on your respective websites. Most businesses start with something simple, like a list of its business partners accompanied by the business' logo. But partner pages can be extremely lucrative, driving traffic to your partner's website from yours and to yours from theirs. Ultimately, you should design partner pages so that they add value to both your companies and your websites. So when designing a partner page, make them as dynamic and compelling as you can.

 

Tip #7. End Partnerships Peacefully: As we have already established, business partnerships are relationships, and just as with interpersonal relationships, there are ups and downs. When these downs start to negatively affect both businesses in a partnership, the most prudent business decision may be to go your separate ways. The trick, of course, is to navigate these separations so the partnership concludes amicably. Any bad blood, so to speak, will only be bad for both your businesses. So when forced to end your business partnership, work hard to part ways peacefully.

 

Executive Summary: Business partnerships can be a powerful venture for two or more businesses. But fundamentally, both companies need to be extra sensitive and cautious about each business' individual needs -- especially if your companies are relatively new to one another.

 

We also know that business partnerships come and go. And should you find yourself needing to part ways, do so on good terms in order to preserve each other's image. Additionally, it is best to put something in writing with the business you are partnering with - but most importantly, each company needs to have someone who is responsible for the implementation and management of the partnership. Otherwise, there is a good chance it will not work for everyone involved. 

Posted by: Glenn Fallavollita AT 09:43 am   |  Permalink   |  0 Comments  |  Email
Friday, September 30 2011

           6 Traits Of Successful Salespeople

What separates successful salespeople from those who are not in the payroll service industry? This question has been studied for decades by many corporate executives, sales leaders, salespeople and human resource managers.

Every Payroll Service Needs Winning And Effective Salespeople. 

As you can imagine, corporate America has always be in need of winning and effective salespeople. Unfortunately, no matter how long most interview processes are, it has been a challenge for many businesses to hire a salesperson that will not only last 36 months or longer, but will also be effective.

 

6 Traits Most Successful Payroll Service Salespeople Have.

 

Trait #1) Winning Salespeople Ask Business-Related Questions: Successful salespeople ask prospective buyers business related questions to determine their situation and buying needs. They also know the most effective way to present their product or service is to uncover a buyer's goals, objectives, concerns and frustrations. This allows them to effectively discuss what features are best for their budget and needs. And yes, there is such a thing as asking an irrelevant question to a prospect when you are in sales.

 

Trait #2) Winning Salespeople Have Passion For What They Are Selling: Winning salespeople take pride in what they sell and are passionate about what they do. The reason for this is simple: It shows your prospective buyers that you are genuinely excited about what you are selling. More importantly, you are not doing yourself, your company or future clients any favors by continuing to represent a company that does not excite you.

 

Trait #3) Winning Salespeople Work Smart And Hard: Most people want to be successful in their sales career but are not prepared to work hard to achieve it. As a salesperson, you will be as busy as you want to be. That means you need to fine-tune your craft, work harder than your competition and make more "Oh By The Way" calls than anyone else.

 

Trait #4) Winning Salespeople Keep In Touch With Their Target Audience: Being in continuous contact with your target audience will keep you fresh in the minds of potential buyers. This does not mean calling someone every week for weeks on end; it means sending sales letters, postcards, a lumpy mail campaign, thank-you note, birthday card, etc. More importantly, it is about making enough "Oh By The Way" calls to their database of prospective buyers.    

 

Trait #5) Successful Salespeople Show Value: Today's business world is super competitive. Unfortunately, most salespeople think price is the most important factor. Although price is a major factor in every sale, it seldom is the primary motivator as to why someone chooses one company over another. In addition, they know VALUE is a formula for a prospect (value = their benefits minus their cost).

 

Trait #6) Successful Salespeople Are Persistent: Selling for a living requires a tremendous amount of persistence. Unfortunately, a lack of persistence can be a salesperson's demise - from not staying in touch with prospects to not building their database of prospective buyers.  Winning salespeople look for new angles and business solutions and are tenacious during the sales process.

 

Executive Summary: Every payroll service wants to have on staff successful salespeople. Unfortunately, only 10% to 15% of the people they hire will reach superstar status; most will be average at best. If you, or someone you know, want to be better at sales, we highly recommend incorporating the little things into your daily routine that can add up to more sales, from building your database of prospects, asking probing questions, not taking "no" or "maybe" for an answer to increasing your closing ratio. Yes, sales is a tough profession, but you have the potential to earn a handsome wage.

Posted by: Glenn Fallavollita AT 07:17 am   |  Permalink   |  0 Comments  |  Email
Friday, September 23 2011
 
11 Tips To Writing An
Effective e-Press Release
 
Drip Marketing, Inc. will send more than 4 million e-mail marketing campaigns this year on behalf of its clients. And one of the highest open rates of these e-mail campaigns have come from e-press releases. 
 
e-Press Releases Will Deliver A HUGE Open Rate For You. 
 
The reality is that content is king – content that your database of clients, past clients and prospects want to read. Unfortunately, most companies miss the mark with their e-press releases. If your content falls in this category, it can have a negative impact on future open rates.  
To help you craft and award winning e-press release, we have listed below a number of tips and suggestions to help you create an e-press release that is not only read, but also motivates your target audience to visit your website or take action. 
 
11 Tips To Writing An Effective e-Press Release.
 
Tip #1) Create Content That Educates Your Target Audience: Your content needs to be value based – but it is critical to present it in an educational format. 
 
Tip #2) Explain How You Can Solve Their Problems, Frustrations And Annoyances: The content you use should solve someone’s problems, frustrations and annoyances by giving them educational reports – an understanding of a particular product or service feature or access to a tool so they can make a better buying decision when buying what you sell. 
Tip #3) Write A Subject Line That Motivates Someone To Open The e-Mail: First, e-press releases should come from your company, not a person. Second, your subject line should let the reader know this is a press release. A typical subject line may look like this: “FW: Press Release [insert subject matter here].”
 
Tip #4) Write An Inside Headline That Benefits The Reader: The headline within the body of your press release should tout a particular benefit to the reader. Use key words like “announce,” “strategies” and “professional” to motivate readers to learn more.
 
Tip #5) Write A Sub-Headline Within The Body Of The Content: There are two types of people who will read a campaign: Those that skim (about 80%) and those that read in detail (about 20%). Therefore, you need to make sure your content includes sub-headlines as it gives the majority of readers the complete story just by reading the headline and sub-headlines.  
 
Tip #6) Insert A Picture To Add Another Dimension To The Content: Give your e-press release that extra level of attraction by adding a relevant picture to your campaign. 
 
Tip #7) Write Your Content As A Third Party Person: When writing your campaign, write it as a third-person would write it, avoiding use of the word “we” – substitute it with your company name. 
 
Tip #8) Add Quotes From Someone At Your Company: We always like to add a quote by the president of a company – it just gives the reader a level of personalization and confidence.
 
Tip #9) Add Hyperlinks To Your Website: Hyperlinks are a huge opportunity to get traffic to your website. But, the key is to add the link as a separate line in the copy – if you bury the link in the copy, most people will skim right over it. 
 
Tip #10) Add A Hyperlink(s) To Download A Special Kit, Video, Whitepaper, Etc.: This is a hidden secret that many marketers forget to add in an e-press release. Let’s say you wrote a press release on a buyer’s guide in your industry. Add a visual image of the buyer’s guide that serves as a hyperlink and an additional hyperlink in the copy that reads, “Click here to download a free copy of this special buyer’s guide.”
 
Tip #11) Keep Your Content Brief: Remember, your press release should be a snippet of information. A good rule of thumb is having 200 to 350 words, as it will take the average reader 50 to 90 seconds to read. 
 
Execute Summary:Although these tips may seem obvious, many marketing people tend to emulate the writing techniques used by a Fortune 500 Company. Remember, you are not Pepsi, Coke or GM so don’t try to copy what they do. Why? The answer is simple. They don’t care if their e-press releases are successful as they measure their “marketing success” based on their U.S. market share.  For them, this is just another campaign to get off to their PR firm.    
Posted by: Glenn Fallavollita AT 08:14 am   |  Permalink   |  0 Comments  |  Email
Friday, September 09 2011
6 Tips For Getting A Sale
From Your Business Card
Business cards are one of the oldest sales tools in the book, dating as far back as 15th century China and 17th century Europe. After all this time, business cards remain one of the strongest networking tools a businessperson has in their arsenal.
 
This Tiny Piece Of Paper Can Pack A Punch.
 
According to Applied Designs, statistics show that sales increase 2.5% for every 2,000 business cards presented. They also claim that “prospects will hold on to a color card 10 times longer than a standard one” (see Tip #3 for more on design). Bottom line, business cards are a must-have. For that reason, I have prepared the six tips below.
 
6 Tips For Getting The Most Out Of Your Business Card.
 
Tip #1) Always Keep Some On You: You never know when a networking opportunity will present itself. You may encounter someone whose business might benefit you or your business while running errands. Having a business card on hand will make information exchange seamless.
 
 
Tip #2) Exhibit Proper Etiquette: When someone offers you their card, reciprocate by offering yours. Conversely, when presenting your card to someone, request theirs. Take a few moments to peruse it to show the other person that you take them seriously and are interested in their area of expertise.
 
Tip #3) Be Smart About Your Card’s Design: The look and feel of your business card can say a great deal about you. Gaudy or cheap, plain business cards will either be unfavorable or will not leave a lasting impression. Strike the right balance between aesthetic appeal and the quality of paper you use. 
 
 
Tip #4) Include A Slogan In Your Design: A 5 to 8 word slogan that succinctly and cleverly describes your business will help your business card get noticed. Take, for example, Target’s slogan, “Expect More. Pay Less.” Just four words sum up the philosophy of Target clearly and concisely. Strong slogans like this add to the effectiveness of your business card and help build brand recognition for you and your business.
 
Tip #5) Business Cards Are An Active Tool: Business cards are a tool for active networking, so don’t order 1,000 cards and wait for prospects to come to you. Seek out networking opportunities by checking online and keeping your ear to the ground; then, get out to these events and start delivering your business cards with every handshake you make.
 
Tip #6) Follow Up After Handing Out: Conducting a follow-up phone call after a business card exchange will be the fastest way to increase sales. That being said, you need to take initiative by making a proactive call to the person you exchanged cards with – if not, you run the risk of being just “another business card” in a person’s desk drawer. Remember, “out of sight = no sales opportunities.”
 
Executive Summary:For the serious businessperson, the business card has been – and will no doubt remain – an invaluable tool in their networking arsenal. Even with all the technological advances in communication the past two decades – mobile phones, text messaging, e-mail, online messengers – classic sales tools like the telephone and the business card remain the most recognizable, understood and direct means to connect with a prospect or potential businessperson. If for no other reason than that, it is important you put some time and effort into the design of your cards and maximize their use.
Posted by: Glenn Fallavollita AT 07:17 am   |  Permalink   |  0 Comments  |  Email
Friday, August 19 2011
 

Why Most Prospects Tell You,

I’m Not Interested

 

The people you are trying to sell to have decisions to make, staff to manage, deadlines to hit and voicemails and e-mails to answer. They are simply just busier than ever. Unfortunately, most business owners, sales leaders, salespeople and marketing professionals do not factor this in when developing their sales processes and marketing campaigns -- a decision that could cost them a small fortune in lost sales opportunities.

 

What Typically Happens When A Payroll Salesperson Calls A Prospect?  

 

When a salesperson calls a prospect, one they have never spoken to before, the person on the other end of the call starts to process: 

  • Who the caller is and what company are they calling from.
  • What are they are trying to sell.
  • And whether they should continue the conversation or not.

By 20 to 45 seconds into the call, the majority of prospects politely and sometimes not so politely tell a salesperson they aren't interested and hang up.

 

Why Most Prospects Tell A Salesperson They Are Not Interested.

 

The reason why most people on the receiving end of a cold call tell a salesperson they are not interested is because the salesperson approached the call from their own viewpoint and not from the prospect's perspective. Think about it for a minute.

 

So How Do You Get More Prospects To Listen To You?

 

Face it, cold calling a database of prospects isn't fun for most salespeople, largely because they endure rejection after rejection after rejection on most calls. That is why we have prepared a list of tips below for you (or someone you know that is in sales) to help you get a warmer reception when cold calling a database of prospects. 

  1. Set up a drip marketing system at your business -- a system that blends direct mail, e-mails and a telephone follow-up schedule.
  2. Evaluate the themes of your campaigns. If your themes are not educational or informational content 80% of the time, it could reduce your campaign's effectiveness.
  3. Set up a 12-month drip marketing calendar as well as a rolling 90-day calendar containing more details about the who, what, where and when.
  4. Take a hard look at the frequency of your e-mail campaigns. If you are in a B2B world, more than 2 emails a week could have a negative effect on your open rates.

Here Are Some Suggestions For The Frequency Of Your e-Mail Campaigns:

 

Listed below you will find some suggestions for your organization. Again, these suggestions may differ based on what you sell and who your target audience is.  

  • Send an e-Newsletter campaign on a weekly, bi-weekly or a monthly basis.
  • Send an e-Press Release on a quarterly basis.
  • Send an e-Sales Letter on a semi-annual basis.
  • Send an e-Postcard on a quarterly basis.
  • Send a direct mail postcard, sales letter or lumpy mail campaign based on a monthly, bi-monthly or quarterly basis.

Executive Summary: The key to your cold calling success is based on the marketing campaigns you send before you call. It is no secret that the majority of people do not want to buy what you sell, but at any given moment, 9% to 18% of your target audience has a varying degree of interest in buying what you sell. If you provide them information that helps facilitate a good buying decision, and then follow-up on that information with an “Oh By The Way" call, you are almost guaranteed to see an increase in sales by 10% to 25% in the next 90 days or less.

Posted by: Glenn Fallavollita AT 08:15 am   |  Permalink   |  0 Comments  |  Email
Friday, August 12 2011
I have been studying, reviewing and evaluating marketing messages for years, from radio commercials and TV commercials to printed marketing campaigns.  And across all these mediums, one thing remains consistent:  Most people use the same, tired old marketing messages that cause them to seem no different from anyone else in the payroll service industry.  Messages such as: 

 

§         Buy from us because we offer competitive or low prices.

§         We have great customer service.

§         We do _______ better than ________.

§         We have been in business for XX years.

 

Writing a marketing message that catches a prospective buyer’s attention is a learned skill.  It does not come easy to most people, but you can learn how to do a better job. 
 
 

9 Areas To Avoid When Developing A Drip Marketing Campaign For Your Business.  

If you are developing a marketing message for your next campaign, you will find today’s tip extremely valuable, not to mention timely.  Below I have listed a number of copywriting tips designed to ensure your next campaign’s recipients not only read your message, but act on it as well. 

1. Not Writing A Powerful, Emotionally Filled Headline Or Subject Line: When writing your campaign, know that your headline is one of the single most important components of your marketing campaign.   

2. Not Focusing On The Top Three Primary Motivators Of Your Target Audience:  The theme of your campaign needs to focus on the primary motivators of your target audience, e.g., customized solutions based on someone’s needs and budget, the fees that you charge or integration into their legacy systems.   

3. Not Making The Copy About The Reader: Your target audience doesn’t really care about what you do unless it directly benefits them, so know your audience – recognize whom you are writing to.       

4. Not Considering The Themes Being Used In A Campaign:  When sending out a campaign, ask yourself whether the campaign will be educational, sales or informational themed.  This is especially important when sending an e-mail marketing campaign.  If you always send out a sales-themed e-mail marketing campaign, your readers will gradually lose interest over time and eventually stop reading your campaigns altogether or even opt-out.  So mix things up a bit to keep the reader curious about your content.  

5. Not Counting The Types Of Themes Being Sent:  In a given year, you will send X number of campaigns to your target audience.  As you look at your drip marketing calendar, count the number of educational, sales or informational themed campaigns that have been or will be sent.  A good rule of thumb is to have 50% of your campaigns educational, 25% sales and the remaining 25% informational.     

6. Not Counting How Many Times You Use The Following Words: When sending out a campaign, count how often you use the following words: “I,” “me,” “our,” “ours” or “us.” Then count how many times the words “you” and “yours” were used.  The latter pair of words is what you ought to be using actively in place of self-centered language, as they grab a reader’s attention much more effectively.   

7. Not Having A Highly Visible Risk-Free Offer:  Adding a highly visible risk-free offer is the best way to invite someone to take the next step in the buying process.  But don’t limit your risk free offer to things like discounts or dollars off.  Risk-free offers can also be an educational report, a buyer’s guide, etc.  

8. Not Proofing Your Campaign:  It is extremely difficult to proof your own work.  For starters, you lack objectivity because of the ownership you feel over what you have written.  Secondly, your brain is capable of making sense or filling in gaps that others would find incoherent.  With that said, send your work to at least three people for proofing.  

9. Not Keeping The Main Ideas/Subjects In A Campaign To Three Or Less:  People have developed an affinity for things that come in sets of three, so don’t try to jam 10 to 20 main ideas/subjects into a campaign.  All this will do is confuse the reader.  Here are some examples of “threes” ingrained in our culture: 

  • Hot, Warm And Cold
  • Red, Green And Yellow
  • Red, White And Blue
  • Small, Medium And Large
  • The Three Laws
  • Three Amigos
  • Three Blind Mice
  • Three Little Kittens That Lost Their Mittens
  • Three Little Pigs
  • Three Musketeers
  • Three Reasons Why
  • Three Stooges
  • Three Strikes
  • Three Wise Men
  • Three Wishes
  • And Of Course Goldilocks Had To Deal With The Three Bears

Executive Summary: You need to realize that it is your job to stay in contact with your database of clients, past clients, prospects, etc. -- not theirs.  More importantly, have something worthwhile to say and say it well with your campaigns.  Otherwise, you risk having your campaign not opened/read.  Bottom line, e-mail marketing campaigns will not be read if they are not compelling or educational.

Posted by: Glenn Fallavollita AT 08:06 am   |  Permalink   |  0 Comments  |  Email
Friday, August 05 2011

Our marketing research has proven the majority of organizations in our country look like a “Me Too” business from the eyes of their prospective buyer.  And as I was researching this topic for today’s tip, I came across some interesting material I wanted to share with you – something you might find both motivational and inspirational – and help you avoid sounding like a “Me Too” business.  They come from what the great business philosopher, Jim Rohn, said about being a master communicator:

 

        1. Have something good to say.
        2. Say it well.
        3. Say it often.

 

Click here to listen to Jim Rohn Speak 

 

Have Something Good To Say.

 

In terms of marketing your business, having something good to say means that you have innovated your business to a point where you have a unique story to tell a prospective buyer.  If you want to know if you are telling a unique story in the marketplace, ask yourself, What makes us any better or different from our toughest competitor? 

 

Say It Well.

 

Saying something well involves the words you choose.  Most people think that it is easy to write copy for a marketing campaign, but it isn’t.  If you want to become successful at writing copy, you need to concentrate on the headlines you use and how you position a risk-free offer

 

Say It Often.

 

“Say it often” refers to the frequency you send marketing messages to your target audience.  Not only is this important for building a brand in the marketplace, it also helps your salespeople with their “Oh By The Way” calls.   

 

How To Avoid Looking Like A “Me Too” Business. 

 

Before spending any money on the tactical execution of your marketing campaign, it is most critical to have something good to say to your target audience -- in essence, a Unique Selling Proposition (USP). 

 

To develop your USP, you need to ask yourself three things:

 

  1. What is my competition providing?
  2. What does my target audience want, need and desire when buying what we sell?
  3. What causes my target audience to become frustrated and leave their present source when buying what we sell? 

Do You Really Have Something Good To Say?

 

Take a moment to ask yourself (and the salespeople that work for you) if you really have something good to say.  Are you really providing better value than your competition?  If you find yourself unable to answer these questions satisfactorily, how can you really expect to win more sales?

 

If you’re ready to start saying something of value, then take a moment and answer the following four questions.  By doing so, you will be on the right path to innovating your business. 

 

  • When buying from our industry, what things frustrate a prospective buyer when they are going through the sales process (e.g., Is it because the salesperson doesn’t know the competition?  There is too much paperwork for the buyer?  Does the salesperson never follow up)? 
  • After someone buys from our industry, what things frustrate them after finalizing the sale (e.g., Do they not receive a return phone call on an issue/problem?  Are the warranties not being honored?  Are buyers not called after the sale to see if they are satisfied?)?  
  • What are the requirements a prospective buyer places on a business they are considering buying from or hiring (e.g., Do they have the right type of liability insurance? Are they ISO certified)?  
  • What things do prospective buyers want from a salesperson as they go through the buying process (e.g., Get a return call?  Having extensive knowledge about the competition?  Knowledge about integrating their solution into a prospect’s legacy system(s)?)?

 Executive Summary:  When you step back and look at your business or organization, consider the uniqueness of it from the eyes of your target audience. And to find out if your salespeople are able to tell a prospect about the things that make your business unique, ask your own sales team this one simple sentence: "If I was a prospect sitting across the table from you, what would you tell me that makes your business any better or different from your toughest competition?" Yes, the sentence is rather simple, but this is exactly what your prospects are thinking every time a salesperson speaks with them.  Oh by the way, look at your marketing campaigns and do the same thing too.

Posted by: Glenn Fallavollita AT 08:07 am   |  Permalink   |  0 Comments  |  Email
Friday, July 29 2011
If you are in sales, at some point you will run across a prospect that will tell you to "just send me some information about your payroll service."  

 

In the majority of cases, this phrase is used to gently tell you they are not interested in your products or services at the moment. Although you have to respect their wishes, it is in your best interest to probe a little further.

 

Most Salespeople Will Send Information To Such A Prospect -- But Not You.

 

I was reading an article by Mike Brooks, author of The Ultimate Book of Phone Scripts, about ways to handle this. And what was interesting is that he said, "Believe it or not, about 80% of sales teams I speak with actually shoot off an email, schedule a follow up call, put the company in their pipeline and then begin the frustrating process of chasing unqualified leads."

 

I could not agree more with Mike Brooks as I have seen far too many sales people fall victim to this approach. Why? There are a few reasons as to why:

 

  1. They have not been taught any other approach by their sales leader.
  2. They are just going through the motions in hopes of finding an "immediate buyer" in their database of prospects.

Here's How To Get Past This Objection.

 

Mike Brooks went on to explain some great techniques for dealing with a prospect who tells you to send them information. Here is what he recommends to say:

 

"I'd be happy to email you our information.  (Prospect's name) I have a 64 page PDF file that I can email you, but do you mind if I ask you just a couple of quick questions so I can only send you that part that you'd be most interested in?"

 

He went on to further say: "Brilliant response, huh?  Now I can already hear some of you - "But I don't have a 64-page PDF."  Well, how about adjusting this response to what you DO have?  How about:  "I'd be happy to email you our information.  (Prospect's name) I have a variety of brochures/price lists/product catalogues/programs I can email you, but do you mind if I ask you just a couple of quick questions so I can only send you that part/the specific information/the right price list that you'd be most interested in?"

 

You Now Have The Chance To Ask A Few Questions.

 

To complement Mike's advice, I would suggest having THREE to FIVE business questions taped somewhere close to where you make your calls. Why? Because even though you might have these questions memorized, they will keep you on track when talking with a prospect. That said, listed below are two questions you might find valuable:

 

  1. If you have a magic wand, and could wave it over a company like us, what would you want us to do for you and why?
  2. One a scale of 1 to 10, with 10 being the highest, how would you rate your current _____? If they say anything less than a 10, ask them, "How can that _____ become a 10?"

Executive Summary: Once you get in the groove of cold-calling, you will invariably find a prospect that will tell you to send some type of information about your company's product or service line to them. The key to your cold-calling success is directly related to how you handle this type of calls as most salespeople send the information and schedule a follow-up call -- and when they make their follow-up call, they wonder why they got dropped into the black hole of voicemail.  

Posted by: Glenn Fallavollita AT 06:04 am   |  Permalink   |  0 Comments  |  Email
Thursday, July 21 2011

With today's technology of e-mailing and social media, the most powerful tool in a salesperson's arsenal is their ability to call a prospective buyer with a powerful "Oh By The Way" call. And because cold calling is such a vital part of a salesperson skill set, we have created a number of tips to help anyone in sales to become better at making them. 

7 Secrets For Strengthening Your Cold-Calling Skills:

Tip #1. Do Some Research First: Before you pick up the phone and call a prospect cold, you should take a minute or two and visit the prospect's website. That way, you can familiarize yourself with their company, what they do and possibly what role they have at their company, etc. In fact, this process can go a long way during the actual phone call itself. For starters, it adds a more personalized touch to the call and (more importantly) shows the prospect that you are genuinely interested in them. 

Tip #2. Cultivate A Unique Greeting: Bland introductions are typical by many salespeople. Because of this, it tends to be a one-way ticket to getting hung up on in the first 15 seconds. The trick is to strike a balance between formality and casual charm - and we often suggest asking the prospect an open-ended business question.  

Tip #3. Include Your Name And Company: Continuing from Tip #2, your greeting should also contain your name and your company name, as well as a little about your company (what kind of business you are, service or product you provide, etc.). This is in an effort to pique your prospect's interest as you don't want to come off as being vague and elusive to just get an appointment. 

Tip #4. Be Upfront About Your Purpose: When talking with someone, don't skirt around the issue of why you are calling - just cut to the chase. Think of this as a declaration of your reason for calling. One of the more effective ways to state your purpose while engaging a prospect is to phrase it in the form of a question. Opening with a question sparks the potential for conversation, which is what most prospects would rather have than fielding an overly rehearsed sales call.  

Tip #5. Learn To Accept Rejection: A common concern among salespeople is being too persistent. Unfortunately, many salespeople give up calling a prospect after their unsuccessful attempt at moving the sales process forward. The truth is, the majority (80%) of your calls will go to voicemail (which makes it crucial to have a voicemail script prepared), and those that don't, well, rejection is part of the game. One "yes" is easily worth ten "no's." If you are rejected, accept rejection gracefully. Respect the prospect's wishes and don't press on, or you will be a pest. 

Tip #6. Close With Gratitude: After you have spoken with someone, the first thing you should do is express gratitude by thanking them for giving you a moment of their time. This tells a prospect you understand and appreciate the value of their time. After hanging up with a prospect, send them an e-mail thanking them again as well as attaching a simple, one page summary of your services.  

Tip #7. Always, Always Follow Up: Perhaps the biggest area salespeople drop the ball in is their follow-up. Every phone call requires some kind of follow-up, especially if you left a voicemail. A quick e-mail after leaving a voicemail is one of the best ways to follow-up on a phone call, especially if you provide useful information. After that, put some time between your next phone touch. A minimum of 3 days should go by before you reach out to a prospect again. Anything less may leave them feeling pressured or hounded. 

Executive Summary: Despite the ease and convenience of mass e-mail marketing, the sales game is still all about a salesperson telephone skills. People want to buy from people they like and trust. That is why it is so important for salespeople to put a sincere effort into making cold-calls. By doing so, you will be well on your way to more successful cold-calling.

Posted by: Glenn Fallavollita AT 11:34 am   |  Permalink   |  Email
Friday, July 08 2011
All too often, business owners get wrapped up in the sales game -- trying every trick and tactic to close new business.  And while this is perfectly natural and normal, it can sometimes cause a business to overlook a huge asset to growing their business: Existing customers.

 

Your Customer Database Is An Excellent Source Of New Business And Referrals.

 

Your customer database is an excellent way to increase your sales -- both from cross-selling other products and services to them and by getting them to recommend your business to someone they know.  To help strengthen your sales starting Monday morning, here are four quick tips to benefit your business:

 

Tip#1. Communicate Consistently Via Drip Marketing:In essence, consistent communication is the very definition of drip marketing -- something done through a series of educational e-mail tips, bi-monthly letters, e-postcards, e-press releases, sales tools and direct mail newsletters.  The best part about having a drip marketing strategy is that it uses a variety of venues that helps build trust, credibility and brand recognition for your business.  Besides, you cannot sell all of the time or your audience will stop reading your marketing campaigns. 

 

Tip #2. Customer Service Is More Important Than You Think: Great customer service means going the distance for your customers.  By putting them first, you will find them to be far more likely to recommend you to someone they know.  For instance, we treat every business that calls us as a business partner, not just a customer or client.  Once you reach this level of customer service, you will find your database of customers happy to recommend your business to someone they know. 

 

Tip #3. Survey Your Customers' Wants And Needs: You can increase your sales by putting time and energy into learning your customers' wants, needs and desires when it comes to buying what you sell.  Once you complete your research, you can tailor your marketing campaigns around the products and/or services that meet their needs.     

 

Tip #4. Ask Your Customers To Refer You To Someone They Know: Smart business owners realize this: Ask, and you shall receive.  That means if you ask a customer to refer you to someone they know, they will do it.  Tactically, this can be done by sending a letter via snail mail or e-mail (quarterly or semi-annually). 

 

Executive Summary: When it comes to sales and marketing, it is easy to focus solely on your database of prospects.  And while the value of a new customer coming on board is immeasurable, your existing customer base should never be overlooked.  I have personally witnessed many businesses that data-mined their customer database to create a new stream of revenue for their business - revenue they never realized they had.  And so can you. 
Posted by: Glenn Fallavollita AT 06:07 am   |  Permalink   |  0 Comments  |  Email