Man or Mouse? The Five Defining Moments in Your Sales Process

In a recent blog post, sales trainer Bill Caskey writes about defining moments. If you look up "defining moment" on Dictionary.com, you'll see it's described as "a point at which the essential nature of a character, person, group, etc., is revealed or identified," or "an occurrence that typifies or determines all related events that follow."

Caskey explains defining moments as the "places in life that we have a choice - follow one path that is resourceful and in everyone's best interest, or follow the path of least resistance - where we wimp on our goals." He continues, "If you're a sales person in any context - selling services, products, or selling ideas, there are 5 defining moments in the sales process. Check them out and see how you do in these moments."

1. The First Conversation. This is the time when "orientation" gets set. What that means is the prospect begins to get a feel for how you're oriented. Are you there to sell? Are you there to beg? Or, better, are you there to question and explore? Hopefully, the latter.

2. Finding the Problem. There is a moment in the sales process where the way is paved for you to ask questions to find customer problems. And yet few of us do. We're too buy talking about our company - value-people-etc., stuff that might be important to you, but isn't for your prospect. This moment defines what you're there to do (in the prospect's eyes).

3. Talking Money. Your solution costs money. There are logical times in the sales process to talk money. Your comfort in doing so makes the sales process sail. If you're afraid of bringing it up, you're sunk.

4. Involving Others. In business to business selling, there will be more than one person who makes/weighs in on the decision. There is a moment in the process where you must involve others. Maybe the first step is to ask the simple question: "Who else cares about solving this problem?"

5. Getting a Decision. There is a moment that you should lay the ground work for the decision. You aren't asking for a YES. But you should always be planning the moment where either you tell the prospect NO or they tell you NO. Either way is OK. But don't miss the moment.

Can you think of any other defining moments in the sales process? Have you had an experience changing your actions in one of these defining moments that made a difference in your sales? Let us know!

Sales Obstacles

"Every sale has five basic obstacles: no need, no money, no hurry, no desire, no trust." --Zig Ziglar

Wise words from a sales training legend. This week we'll look at how to overcome each of these selling obstacles.

Today's obstacle: "no need"
"For many sales reps, getting prospects to open up and reveal their real issues, challenges and concerns early on is the most difficult part of the sales process," says telesales trainer Jim Domanski. "Without this critical information, the rep has no clear direction in which to take the sales call. As a result, demonstrating clear and compelling value to the prospect becomes almost impossible."

"When you probe for needs most prospects are reluctant to divulge areas of pain. This is understandable. Because you're a stranger, they feel a natural hesitancy to open up the floodgates and spill all their issues. On another level, some prospects don't want to admit to anyone that they have a pressing problem."

Domanski advises reps to use a scenario selling technique which makes it easier for reps to ask the tough questions, and prospects to respond. "Scenario selling is formulaic, and divided into two parts," explains Jim. "The rep creates a scenario as a pretext for asking a sensitive question. Next, the rep uses an open-ended trigger phrase such as, 'What has been your experience?' that invites the prospect to elaborate."

Here are two examples:

"Ms. Bixby, much of our client research shows that cash flow is sometimes an issue, particularly with the fluctuating price of oil. Let me ask you - what has been your experience with cash flow over the last year or so?"

"Mr. Edgerton, one of the things we've learned with new practices is that marketing their services is a challenge, because the owners are doctors and not marketers. Let me ask, what has been your approach to marketing, and what type of results have you been experiencing?"

To implement this technique, Domanski suggests strategizing with your manager or fellow reps. Develop a scenario or two that highlights common points of pain. Script your scenario and trigger phase and then practice until they flow naturally. Now deliver and watch the impact on your sales!

This advice was excerpted from Top Dog Sales Secrets. Jim Domanski is president of Teleconcepts Consulting.

Join us again tomorrow as we tackle the "no money" obstacle.

Money Talk

In a polite society, it's considered rude to talk about money. But, in sales, you need to discuss budgets, pricing, and fees to qualify prospects and make the sale. How do you get comfortable discussing these taboo topics? "When you clearly understand the value of your product and can communicate it with ease, the fear of presenting your fees disappears," says sales expert Rochelle Togo-Figa.

Here are some of Togo-Figa's tips to help you more easily discuss money with prospects.

Ask money qualifying questions before or early on in the meeting. Serious prospects don't mind hearing money questions. They expect to be asked these questions. Unqualified prospects run when they hear these questions because they're not serious about buying. Try saying, "So I know we're in the same ball park, approximately how much were you looking to spend?"

Make a list of the benefits. Create a list of all the ways the product will benefit the client AND a list of benefits your clients get from working with you. Here's an example: "All clients I work with receive personalized service from the start of the job, to the end of the job."

Share the results clients have received from working with you. Think in terms of measurable results clients have achieved. This will instill more confidence as you become clear on the value you bring to your clients. Here's an example: "My client had no idea where to start with decorating her home. After working with me, she selected a window treatment that suits her living style, and a fabric within her budget."

Create several pricing packages your clients can choose from. Start to think of different price ranges and programs you can offer. Creating different pricing options gives the prospect a choice and helps make the selection affordable. They're more apt to buy if you offer low, medium, and high-end products.

Give these tips a try and watch your fears abate and your sales rise!

Rochelle Togo-Figa, The Sales Breakthrough Expert, is the creator of the Sales Breakthrough System. Visit her website at www.SalesBreakthroughs.com.

Interesting Fact

More money has been made quarrying sand and gravel than mining gold.