Podcast
Questions and Answers
What is the primary advice suggested in the text regarding sales success?
What is the primary advice suggested in the text regarding sales success?
- Avoid using business cards and direct mail.
- Focus solely on closing techniques.
- Rely on customer referrals exclusively.
- Plan your work and work your plan. (correct)
According to the content, what does being in command mean in a sales context?
According to the content, what does being in command mean in a sales context?
- Avoiding structured selling techniques.
- Focusing exclusively on closing sales.
- Acting randomly based on customer interactions.
- Having a deliberate approach to engaging with prospects. (correct)
What is indicated as a consequence of increasing the number of prospects?
What is indicated as a consequence of increasing the number of prospects?
- Your sales will decrease due to overwhelming demand.
- You will need to improve your closing skills significantly.
- Your existing clients will refuse to refer others.
- You may sell more without being a better presenter. (correct)
How does the text describe the relationship between quantity of prospects and sales?
How does the text describe the relationship between quantity of prospects and sales?
What does the phrase 'planting and harvesting' refer to in the sales context?
What does the phrase 'planting and harvesting' refer to in the sales context?
What is the primary focus to increase sales according to the content?
What is the primary focus to increase sales according to the content?
How does the speaker suggest handling customer appointments?
How does the speaker suggest handling customer appointments?
What is emphasized as a crucial component in planning a workday?
What is emphasized as a crucial component in planning a workday?
What strategy did the speaker use to manage direct mail tasks?
What strategy did the speaker use to manage direct mail tasks?
What should one do if feeling unproductive and unmotivated according to the content?
What should one do if feeling unproductive and unmotivated according to the content?
What is a key reason for reviewing each working day as mentioned in the content?
What is a key reason for reviewing each working day as mentioned in the content?
What can be inferred about a customer who is 'just looking'?
What can be inferred about a customer who is 'just looking'?
Why is it important to know why a sale was lost?
Why is it important to know why a sale was lost?
What attitude is recommended towards the selling process?
What attitude is recommended towards the selling process?
What habit did many successful people develop that contributed to their success?
What habit did many successful people develop that contributed to their success?
What does narrowing the gap between a salesperson and a customer involve?
What does narrowing the gap between a salesperson and a customer involve?
What might be a reason a customer didn't buy a car, which should be analyzed?
What might be a reason a customer didn't buy a car, which should be analyzed?
What is advised to consider if you are feeling dissatisfied with work?
What is advised to consider if you are feeling dissatisfied with work?
What does the speaker believe about high-pressure sales tactics?
What does the speaker believe about high-pressure sales tactics?
What should salespeople avoid if they want success in their job?
What should salespeople avoid if they want success in their job?
Flashcards
Plan your work and work your plan
Plan your work and work your plan
A strategic approach to sales emphasizing careful planning and execution.
Being in command of yourself and of what you do
Being in command of yourself and of what you do
Being in control of your sales process, not relying on chance encounters or luck.
Filling the seats on the Ferris wheel
Filling the seats on the Ferris wheel
Taking strategic actions to generate sales opportunities, like using business cards, direct mail, or networking.
Quantity is king when it comes to sales
Quantity is king when it comes to sales
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You don't have to close better to sell more
You don't have to close better to sell more
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Boosting your "kill rate"
Boosting your "kill rate"
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Arranging your card file
Arranging your card file
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Building goodwill with the service department
Building goodwill with the service department
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Dissatisfaction
Dissatisfaction
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Day Review
Day Review
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Prospect Rate
Prospect Rate
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Lost Sale
Lost Sale
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Lost Sale Analysis
Lost Sale Analysis
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Sell Everyone Mindset
Sell Everyone Mindset
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Looking is Already Selling
Looking is Already Selling
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Analyze Your Performance
Analyze Your Performance
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Fear of the Salesman
Fear of the Salesman
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Let Him Approach
Let Him Approach
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Study Notes
Sales Planning and Execution
- "Plan your work and work your plan": Classic sales advice, though seemingly simple, is potent. It means taking control and strategizing, rather than reacting haphazardly.
- Meaning of the slogan: Two-pronged: 1) Control your actions, avoid accidental outcomes; 2) Effective actions generate business.
- Effectiveness: Planning activities like business cards, mailings, lead generation (birds-dogs, phone calls), and even the sales presentation (future chapters) are key. A well-defined plan multiplies sales because it generates more prospects.
- Quantity over Quality (initially) : Focus on increasing the amount of interaction with potential customers rather than trying to perfect the selling skills. Getting twice as many in yields twice as many sales.
- High prospect volume over high "kill rate": More customers approaching leads to more sales, even if your conversion rate doesn't change.
- Importance of scheduling: Appointments, calls, mailings – scheduling is critical for prioritizing tasks and ensuring follow-ups. The author recommends using an appointment book, organizing sales records alphabetically and by transaction date to facilitate timely follow-ups.
Daily Planning and Review
- Daily planning: Essential—allocating time for tasks. Begin by reviewing appointments, then fill any free time with activities like direct mail campaigns, phone calls, or service department interactions designed to generate more customer interest within the work day.
- Adaptability: Be flexible. The plan may change throughout the day as more pressing issues or opportunities arise.
- Prioritization: Direct mail is better utilized in downtime and when "up" in the sales queue.
- Self-care: Acknowledge when you're not in optimal working condition and adjust accordingly. If you feel unproductive, cancel plans and pursue other activities. Avoid carrying over negativity into sales interactions.
- Post-sales Review: Analyze every sale and every failed sale. Essential to understanding why you succeeded with certain clients and failed with others. Ask yourself what you could have done differently. Include those that did not buy and ask probing questions to identify potential pitfalls in your approach. Don't assume that prospects who are "just looking" aren't ready to buy.
- Prospect analysis: Examine the reasons a customer made a purchase or didn't. Investigate whether a competitive offer or mistake in sales tactics led to a lost opportunity.
- Customer perspective: Understand customer rationale. Compare what you thought and how a client saw the encounter.
Sales Techniques and Attitudes
- "Let them buy" philosophy: Focus on building trust and rapport with prospects, not forcing a transaction. A prospect's ease in interacting increases the likelihood of a sale.
- Overcoming negativity: Acknowledge and manage negative feelings. Use pre-sales planning and review to eliminate potential negativity in your sales techniques.
- Turning "be-backs": Viewing "be-backs" as future leads is a mistake. Treat them as former prospects who probably aren't returning.
- Collaborative sales: A sales team can benefit from collaboratively approaching unresponsive prospects to gain valuable insights.
- Time management: Effective planning and prioritizing tasks efficiently. Recognizing the value of time investment in certain tasks—phone calls vs. mailings—and tailoring activities to best utilize available time.
- Plan for unexpected opportunities: Recognizing the value in a flexible plan that adjusts to new ideas or leads that arise unexpectedly.
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