Thursday, 3 November 2016

Is Sales A Rocket Science ?



My first role in my professional life was of relationship Manager. As relationship manager 80% of job constitutes sales. For me sales were never rocket science but for few of my colleagues Sales was rocket science especially on days when targets were not achieved. Is sales really rocket science ? And just as rocket science is built from foundation of physical & mathematical laws & principles, sales can be distilled to very simple laws & principles. While branded selling "systems" & "approaches" serve several purposes (they help differentiate sales books & training material in order to sell them better as well as assist in articulating message so that its easily understood, learned or implemented) the simple laws & principles underlying them have remained relatively unchanged since the beginning of time.
The basis sales cycle has following steps
1. Prospect (The way your parents use to look at every guy you got home for drinks)
2. Interview (The way your mom use to interview guy from where your parents work to your caste & religion)
3. Analyze needs (The way your mom use to ask what you will have for dinner)
4. Present (How much drink you had before dinner )
5. Negotiate (The dowry)
6. Close (Bride & groom sold to each other)
7. Service & Follow up (Each call you get from mom bitching about in-laws & vice versa)



So in our chaotic life we all have experienced above steps therefore we can conclude that we all are or will be or were salesperson in life.
Nothing is more important to prospecting (other than actually doing it) than the quality of opening statement. In person or over the phone, windows of attention are typically slammed shut in less than 10 seconds. This means a salesperson has less than 10 seconds to close the sales pitch or to draw attention of prospect, which eventually leads to fact that one has to maximize the impact of every word, syllable, and pause in one’s lead off statements. They need to be worked as art compelling to the extreme degree.



Fortunately opening statements can be prepared and practiced before a sales opportunity is ever pursued. There is saying a sales professional is always prepared. In simple words always go for sales lead with following questions 1. Who you are ?  2. Where you are from  3. what you sell 4. how your prospect will benefit from the product or service 5. a question to gauge interest of the prospect.

Addressing needs is important part of sales. Needs is related to wants. And by far the most effective way to influence human behavior is through core values. Value based selling is the key to deliberately getting people emotionally involved and creating trust. Dont confuse "value based" selling with "Value added marketing". I am not suggesting you ignore need however , we no longer live in a needs oriented society. Why are needs the least powerful way to influence human behavior ? Needs are not tied to shoulds. For instance, take statements like "I should have money". " I should make more investment" " I should make better decisions". "I should make full proof financial plan" or " I should have more discipline". Needs is what we desire but doesn’t display our current buying strength. There are two type of needs one that fits in our budget other is dream of needs that we desire to buy one day.




Tangible wants are a step in the right direction. Tangible wants such as early retirement, vacation homes, good schools for kids, new car, estate protection, travel. But in truth even wants dont have the emotional pulls that values do. Values are intangible  feelings. Intangible, pure undiluted feelings like love, pride, security, freedom, making a difference, independence accomplishment, self worth & so forth are key factors in influencing behavior. Values illuminate peoples emotional motives so clearly, they must take action.. for their own reasons. Needs have the power to illuminate emotional motives so clearly that they result into action.  Needs as mentioned earlier illuminate emotional motives as much as penlight of your own key ring, while wants work like average flashlight. Values however illuminates emotional motives like a row of halogen high beams in front of Mercedes on the Autobahn. Your prospects clients take action on your ideas when they feel strong emotional connection to them. Your job is to illuminate their emotions so they fully understand the relationship between smart decisions and fulfilling their life values. Your job isnt a traditional sales person and sell the old school way. 



Every one has unique value hierarchy just like finger prints . No two value hierarchies are alike. When you initiate conversation with current and prospective client about their values ( what is truly important to them) they will become emotionally involved, you can touch on their ranking of values, understand them at a deeper level and you dramatically shorten the time it takes to gain their trust. Emotional involvement and trust are two critical elements in creating profitable client relationships. without realising it you project your own values when you promote yourself. How do you feel when people project their values on you.  Do you like it ? Are you anxious to do business with people who project their value on you ?


 You cant get people emotionally motivated discussing your values. You do it by talking their values. The first logical question to ask yourself is " How do i use that information in a positive way? How does this create trust ?



Listen for words & phrases like freedom, control, satisfaction, making difference, independence, feel really good, pride, achievement, contribution, oneness with GOD etc. These are indicators that you are on right on right track because they represent values. And values are emotional and they create positive emotional feelings in the person you are speaking with.  
The things to remember is that when needs oriented planning leaves your client flat, try focussing on your clients values instead. Need simply dont have the emotional punch to influence emotional behavior.



Remember the least effective approach is to try to satisfy client needs. A better approach is to help clients get what they want and desire. The most effective sales professional helps clients fulfil their values in life. Differentiate yourself ! Dont be traditional salesperson become trusted sales professional.
( Connect with us at Facebook 

follow us on Twitter.

 Share your feedback at kamna@mypeepal.com)

No comments:

Post a Comment