Before You Discount Your Price

So close…

How many times have you been in this situation:

• You meet a prospect
• You take them through your process
• You ask them the right questions, tough questions
• They reveal that they have a problem
• They know it is costing them money
• They think you can help them fix it
• They say “NO” because they can’t afford your solution

WHAT? WAIT A MINUTE! EVERYTHING WAS GOING SO WELL.

What’s really happening…….

I think our first instinct is to believe what they’ve told us - our price is too high. We obviously didn’t hear something right, or our pricing process is flawed. So, maybe I should discount. STOP! If your arm is falling off and you’re bleeding to death, do you negotiate with your doctor for a lower price?? Do you decide to let it bleed a little bit longer before you do something about it? No, you realize you have a problem, you know you have to invest something to fix it, and you believe the doctor can fix it for you. If you have a prospect with a problem as big as a “dangling arm” should they behave differently? My experience is that it’s not about price at all. It’s a belief issue.

What to do about it……..

If you have helped a prospect identify a problem, denominate the cost of the problem, and you and the prospect have decided together that you can fix it, what does price have to do with it? NOTHING! It’s about belief; belief that the problem they have exists, belief that it’s worth investing time and money in to fix, and the belief that you are the person to fix it. So, if the prospect wants to keep making it about price, what can you do? Go back to your process……….

• Historical Review – How did you get to this point?
• Up – Front agreement – “I want to find out what is really holding you back”
• Compelling Reason – What was the pain that was revealed to you? Remind them of it – over and over and over.
• Economics – What is the cost of not fixing the problem? How much is the problem costing them currently? Is the value your solution higher than the dollars they will invest to fix it? If yes, than logically, they should move forward with the solution.

If you take them back through your process and they are still hung up on price, you have to lay it out for them:

“My experience is that the problem here is really not the price. Maybe your gut tells you that the problem is not worth fixing, or that I really can’t help you. That’s okay, but if that is the case, I will have to walk away.”

If they allow you to walk away, they weren’t serious about fixing the problem. The thought of you leaving them with their problem will force them to “get real” and get you back on track for the real, true conversation.

By Brooke Green

FEAR

Brooke Green recently wrote her thoughts on an article she in Fast Co. (www.fastcompany.com) magazine about the Fear of Learning. Marcia Conner states that while some people say that they need fear to excel, too much fear about what there is to learn can actually shut you down. It started me thinking about how fear manifests itself in training.

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The World's Greatest Salesforce

By Bryan Neale

On the eve of March 1st, it suddenly dawned on me that the world’s greatest sales force is once again in full force in their mission to dominate their market. Oreo’s sales people-take not. Archway sales support-time to step up. Keebler-all elves on deck………THE GIRLSCOUTS ARE HERE.

I believe the world’s greatest, most efficient sales force doesn’t use Salesforce.com, never makes PowerPoint presentations and can’t even find the power switch on a Blackberry. No, the Girl Scout’s do it the old fashioned way. They hit the street, use pure and honest techniques, find our pain and sweetly barter thousands of calories in exchange for even more thousands of dollars.

So what can we mature, seasoned, professional sales people learn from these Punky Brewster clones. More than you probably think:

1-Be Real, Don’t Fake It: I’ve yet to have a Girl Scout ask me transparent, contrived and often hokey rapport building questions. They never come to the door and say, “Hi Mr. Neale, how are the wife and kids?” when really all they want is a sale to meet their quota. No, they get right down to business. “I’m with the Girl Scout’s and we’re holding our annual cookie drive. Would you like to look at purchasing some to help us raise money for our programs?” The answer is irresistibly YES.

2-Know Your Mission: The Girl Scouts do a terrific job of communicating what it is they do. They sell cookies to raise money for their programs. They give me the opportunity to participate in their learning/programs and get some of the world’s best cookies to go along.

3-USE leverage: Leverage is one of the most important concepts for a professional sales person to understand. It simply means making multiple sales contacts in one sitting. The Girl Scouts do this by placing themselves strategically in front of all entrances and exits in most metropolitan grocery stores. Hence one sales call puts them on front of thousands of shoppers who are already in the mood to spend money.

4-Referral Sources can make it Easy on You: Girl Scouts inevitably rely on their mom’s and dad’s work friends to propel their annual sales efforts. How many times have you received an e-mail at work…..”Just to let everyone know, my daughter Cutie Pie, is selling Girl Scout Cookies…..no pressure, but let me know if you’re interested.” What a brilliant strategy employed by these youngsters. I wonder what would happen if we were that pro-active soliciting referrals from our network.

I could go on, but you likely get the picture. So this spring, buy some cookies and pay attention to the sales process. You just might learn something. At worst, you pick up some killer cookies.

How to Take the Sales Out of Selling

It came to me at a peculiar time. I am a sales trainer and I was training sales people. In a moment of uninspired accidental brilliance (that’s an enormous exaggeration) I said something that made all the sense in world, but was completely contradictory in nature.

“My ultimate goal for you,” I said to a roomful of seasoned professional sales people “is to completely remove the concept of ‘selling’ from who you are and what you do.” But wait a minute…..I’m a sales trainer…..a SALES trainer….and these are sales people…….SALES people……..and ALL my clients are SALES people. Was I secretly hoping to put myself out of business? Hardly.

The point is this. The sales process in American business has become painfully stale. It’s wrought with manipulation, misplaced intentions, ego, self indulgence and in some instance, complete fakeness. I certainly don’t mean to offend any professional sales person, but it’s likely time you took a strong, deep OBJECTIVE look at what you do in your role as a professional sales person.

Here’s what I suggest you do about it:

1. Change Your Intent: Completely shift your focus in all sales situation from “getting the deal” to helping the prospective client. Don’t give this lip service. Change what/how you think about the sales process and your role in it. Quit trying to persuade, convince, push, pull and coerce your prospective clients….just focus on making their life better off and let the results just happen.

2. Don’t Think of Yourself as a Salesperson…think of yourself as a BUSINESS PERSON: Lots of sales people will tell you, “I run my territory like it’s my own business.” But do they really? Entrepreneurs tend to think about things very OBJECTIVELY and make decisions using more analysis than emotion. Try to put the same concept into affect for yourself. Be an objective business analyst and you’ll completely change how you sound and appear to prospective clients.

3. Be Yourself: Stop being fake. Stop pretending to be interested in things that you’re not. Just be real. Be yourself. You are likely a very competent, likeable, intelligent person who has a lot of knowledge that others will buy. Just let your ego down and let go of the desire to please them or kiss their ass and just be you.

There you have it.

The Stop Selling Sales Trainer
Bryan Neale