Every sales person has a style that
works for them. Some people focus on
the product, others focus on the
customer, and others focus on their
own performance.
Brian Tracy, president of
Brian
Tracy International in Solana Beach, California, is the author of
several books, including
Advanced Selling Strategies and
Great Little Book on Successful Selling.
Among his sales secrets
are:
* Sell benefits, not features.
The biggest mistake entrepreneurs make is in focusing on what their product or
service is. Rather, it's what it does that's important, says Tracy. "A
health-food product contains nutrients that are good for the body. That's what
it is. What the product does is make the customer thinner,
more energetic, and able to accomplish more with less sleep," he explains.
"Always concentrate on how your product will benefit your customer."
* Sell to the people most
likely to buy. Your best prospects have a keen interest in your product or
service and the financial resources to purchase it. They are the ones who will
buy most quickly. "If you're selling photo-copy machines, don't try to sell to
people who have never bought one before," Tracy suggests. "Sell to those who
already have one, or to those you know would be interested in buying one. Show
them how yours is superior."
* Differentiate your product.
Why should a customer buy from you and not from your competitor? Tracy suggests
coming up with at least three features that will give a customer reason to buy
from you. "People don't like to go out of their comfort zone to try something
new. So, give them three good reasons to try your product," Tracy explains.
"Your product or service, for example, works faster, is less expensive, and has
a higher-quality level of ingredients."
* Get face to face.
Spending huge sums of money on
print-media advertising or
direct mail is one of the least effective ways for first-time entrepreneurs to
build up their business. There is no shortcut to the personal approach. Get
one-on-one with your customer--if not in person, at least by phone.
* Focus on the second sale.
Nearly 85 percent of all sales are produced by word of mouth. "They're the
result of someone telling a friend or associate to buy a product or service
because the customer was satisfied," says Tracy. Therefore, concentrate on
developing future and referral business with
each customer. "Everything you do must be aimed at the second sale. Ask
yourself: Will this be such a satisfactory experience that my customer will buy
from me again or tell his friends?"
* Build rapport. Before
discussing business, build rapport with your prospect. To build rapport, do some
homework. Find out if you have a colleague in common. Has the prospect's company
been in the news lately? Is he interested in sports? "Get a little insight into
the company and the individual so you can make the rapport genuine," says
Richardson.
* Ask a broad range of
questions. Ask questions that require more than a "yes" or "no" response,
and that deal with more than just costs, price, procedures and the technical
aspects of the prospect's business. Most importantly, says Richardson, ask
questions that will reveal the prospect's motivation to purchase, his problems
and needs, and his decision-making processes. "Don't be afraid to ask a client
why he or she feels a certain way," Richardson explains. "That's how you'll get
to understand your customers."
* Probe deeper. If a
prospect tells you, "We're looking for cost-savings and efficiency," will you
immediately tell him how your product meets his need for cost-savings and
efficiency? A really smart sales person won't, says Richardson-he or she
will ask more questions and probe deeper: "I understand why that is important.
Can you give me a specific example?" Richardson suggests, "Ask for more information so
you can better position your product and show you understand the client's
needs."
* Learn to listen. Sales
people who do all the talking during a presentation not
only bore the prospect, but also generally lose the sale. You should be
listening at least 50 percent of the time, notes Richardson. You can improve
your listening skills by taking notes, observing your prospect's body language,
not jumping to conclusions, and concentrating on what your prospect is saying.
* Follow up. Write
thank-you notes, call the customer after
the sale to make sure he or she is satisfied, and maintain a schedule of future
communications. "You have to be in front of that client and always show
attention and responsiveness," Richardson says. "Follow-up is critical."