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Sales	
  Best	
  Practices…
And	
  How	
  They	
  Can	
  Be	
  Applied	
  To	
  Your	
  
Career	
  and	
  Job	
  Search!	
  
Prepared	
  by	
  Ken	
  Wood	
  
Triangle	
  Execu6ve	
  Careers	
  Group	
  
May	
  20,	
  2015	
  
The	
  Origins	
  of	
  Selling	
  
• Scarcity	
  of	
  specific	
  resources	
  and	
  talent	
  
• Rely	
  upon	
  others	
  to	
  meet	
  our	
  needs	
  
• Opportunity	
  to	
  benefit	
  from	
  others’	
  
resources	
  and	
  talents	
  
	
  
Selling:	
  Four	
  Key	
  Questions	
  
•  Is	
  there	
  an	
  opportunity?	
  	
  What	
  is	
  the	
  Compelling	
  
Event	
  for	
  the	
  Customer	
  to	
  act?	
  
	
  
•  How	
  do	
  we	
  compete?	
  	
  What	
  is	
  the	
  Unique	
  
Business	
  Value	
  that	
  we	
  deliver	
  to	
  the	
  Customer?	
  
•  Can	
  we	
  win	
  the	
  opportunity?	
  
	
  
•  Is	
  the	
  opportunity	
  worth	
  winning?	
  
Is	
  there	
  an	
  Opportunity?	
  
• What	
  is	
  the	
  “Compelling	
  Event”?	
  
• We	
  need	
  to	
  understand	
  the	
  Customer’s:	
  
•  Applica6on	
  or	
  project	
  
•  Business	
  profile	
  
•  Financial	
  condi6on	
  
•  Access	
  to	
  funding	
  
What	
  is	
  a	
  “Compelling	
  Event”?	
  
•  “A	
  compelling	
  event	
  has	
  an	
  
economic	
  owner,	
  a	
  defined	
  
date	
  and	
  is	
  a	
  direct	
  response	
  
to	
  a	
  business	
  pressure.	
  The	
  
ac;on	
  is	
  expected	
  to	
  deliver	
  a	
  
significant	
  business	
  result	
  
(either	
  improving	
  
opportunity/capability	
  or	
  
reducing	
  pain).	
  The	
  
compelling	
  event	
  defines	
  the	
  
reason	
  for	
  the	
  economic	
  
owner	
  to	
  act.”	
  
Identifying	
  a	
  Compelling	
  
Event….extremely	
  valuable!	
  
•  Reduces	
  compe66on	
  
•  Reduces	
  sales	
  costs	
  	
  
•  Sales	
  efforts	
  are	
  much	
  
more	
  focused	
  
•  Gain	
  credibility	
  with	
  
Customer	
  
Can	
  We	
  Create	
  A	
  Compelling	
  
Event?	
  
• An6cipate	
  our	
  Customer’s	
  specific	
  needs	
  
• Clearly	
  explain	
  the	
  personal	
  impact	
  that	
  
our	
  product/service	
  will	
  have	
  on	
  their	
  
business	
  
• Result:	
  Change	
  the	
  nature	
  of	
  our	
  
conversa6ons	
  and	
  with	
  Customer	
  and	
  
poten6ally	
  create	
  a	
  Compelling	
  Event	
  
How	
  Do	
  We	
  Compete?	
  
• Customer’s	
  formal	
  decision	
  criteria	
  
• Does	
  our	
  solu6on	
  solve	
  the	
  Customer’s	
  
problem?	
  
• Sales	
  Resources	
  required	
  
• Current	
  status	
  of	
  our	
  rela6onship	
  with	
  
the	
  Customer?	
  
	
  
The	
  “Value	
  Proposition”	
  Concept	
  
• A	
  clear	
  statement	
  that:	
  
•  Explains	
  how	
  our	
  product	
  solves	
  the	
  
customers’	
  problems	
  or	
  improves	
  their	
  
situa6on	
  (relevancy)	
  
•  Delivers	
  specific	
  benefits	
  (quan6fied	
  value)	
  
•  Tells	
  the	
  ideal	
  customer	
  why	
  they	
  should	
  
buy	
  from	
  us	
  and	
  not	
  from	
  the	
  compe66on	
  
(unique	
  differen6a6on).	
  
• Value	
  has	
  to	
  be	
  expressed	
  in	
  the	
  
Customer’s	
  terms!	
  
Value	
  to	
  the	
  Customer	
  is……	
  
• Increasing	
  Their	
  Revenue	
  
• Reducing	
  Their	
  Costs	
  
Can	
  We	
  Win	
  The	
  Opportunity?	
  
• Inside	
  support	
  (i.e.,	
  Customer	
  advocate)	
  	
  
for	
  our	
  solu6on?	
  
• Execu6ve	
  Credibility?	
  
• Compa6bility	
  with	
  the	
  Customer’s	
  
corporate	
  culture?	
  
• Informal	
  decision	
  criteria?	
  
• Poli6cal	
  landscape	
  within	
  the	
  Customer’s	
  
organiza6on?	
  
Formal	
  Customer	
  Roles	
  In	
  The	
  
Buying	
  Process	
  
• Approver	
  
• Decision-­‐Maker	
  
• Evaluator	
  
• User	
  
Key	
  Customer	
  Player	
  Status	
  
• Mentor	
  (or	
  Advocate)	
  
• Supporter	
  
• Neutral	
  
• Non-­‐Supporter	
  
• Enemy	
  
What	
  is	
  a	
  Customer	
  “Mentor”?	
  
•  An	
  individual	
  that	
  will	
  stand	
  up	
  and	
  fight	
  for	
  
our	
  cause	
  (should	
  be	
  also	
  for	
  the	
  greater	
  good	
  
of	
  the	
  Customer).	
  	
  
•  Provides	
  debrief	
  on	
  internal	
  mee6ngs	
  
•  Helps	
  navigate	
  the	
  poli6cal	
  landscape	
  within	
  the	
  
Customer	
  organiza6on.	
  
•  Coach	
  on	
  who’s	
  ego	
  to	
  stroke	
  
•  Coach	
  on	
  Internal	
  Enemies	
  
•  Should	
  be	
  an	
  “unofficial”	
  member	
  of	
  our	
  sales	
  
team	
  	
  
•  Value	
  they	
  provide	
  is	
  priceless.	
  	
  
Is	
  The	
  Opportunity	
  Worth	
  
Winning?	
  
•  Bring	
  Short-­‐Term	
  Revenue?	
  
•  Future	
  business	
  poten6al	
  with	
  the	
  Customer?	
  
•  Profitability	
  associated	
  with	
  winning	
  the	
  opportunity?	
  
•  Risks	
  if	
  our	
  solu6on	
  fails?	
  
•  Strategic	
  value	
  associated	
  with	
  winning	
  this	
  
opportunity?	
  
Summary	
  &	
  Key	
  Take-­‐Aways	
  
•  Become	
  genuinely	
  interested	
  in	
  your	
  Customer.	
  
•  Smile…be	
  posi6ve	
  and	
  upbeat.	
  
•  Remember	
  that	
  a	
  Customer’s	
  name	
  is	
  to	
  that	
  
person	
  the	
  sweetest	
  and	
  most	
  important	
  sound	
  
in	
  any	
  language.	
  
•  Be	
  a	
  good	
  listener.	
  	
  Encourage	
  your	
  Customers	
  
to	
  talk	
  about	
  their	
  issues/challenges.	
  
•  Talk	
  in	
  terms	
  of	
  your	
  Customer's	
  interests.	
  
•  Make	
  your	
  Customer	
  feel	
  important	
  –	
  and	
  do	
  it	
  
sincerely.	
  
	
  
Suggested	
  reading….	
  
Bibliography	
  
•  Target	
  Marke6ng	
  Systems.	
  	
  Target	
  Account	
  Selling	
  	
  
Atlanta,	
  GA:	
  Target	
  Marke6ng	
  Interna6onal,	
  2007	
  
•  Carnegie,	
  Dale.	
  	
  How	
  To	
  Win	
  Friends	
  And	
  Influence	
  
People	
  New	
  York,	
  NY:	
  Simon	
  &	
  Schuster,	
  1981	
  
•  Dixon,	
  Mam	
  &	
  Brent	
  Adamson.	
  	
  The	
  Challenger	
  Sale:	
  
Taking	
  Control	
  Of	
  The	
  Customer	
  Conversa6on	
  New	
  York,	
  
NY:	
  Pornolio,	
  2011	
  
Thanks	
  for	
  your	
  time!!	
  
	
  
Ken	
  Wood	
  
Sale/Marke6ng/Business	
  Development	
  
Leader	
  
woodzsan@earthlink.net	
  
(919)	
  802-­‐0065	
  

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Sales Best Practices Presentation - Ken Wood 052015

  • 1. Sales  Best  Practices… And  How  They  Can  Be  Applied  To  Your   Career  and  Job  Search!   Prepared  by  Ken  Wood   Triangle  Execu6ve  Careers  Group   May  20,  2015  
  • 2. The  Origins  of  Selling   • Scarcity  of  specific  resources  and  talent   • Rely  upon  others  to  meet  our  needs   • Opportunity  to  benefit  from  others’   resources  and  talents    
  • 3. Selling:  Four  Key  Questions   •  Is  there  an  opportunity?    What  is  the  Compelling   Event  for  the  Customer  to  act?     •  How  do  we  compete?    What  is  the  Unique   Business  Value  that  we  deliver  to  the  Customer?   •  Can  we  win  the  opportunity?     •  Is  the  opportunity  worth  winning?  
  • 4. Is  there  an  Opportunity?   • What  is  the  “Compelling  Event”?   • We  need  to  understand  the  Customer’s:   •  Applica6on  or  project   •  Business  profile   •  Financial  condi6on   •  Access  to  funding  
  • 5. What  is  a  “Compelling  Event”?   •  “A  compelling  event  has  an   economic  owner,  a  defined   date  and  is  a  direct  response   to  a  business  pressure.  The   ac;on  is  expected  to  deliver  a   significant  business  result   (either  improving   opportunity/capability  or   reducing  pain).  The   compelling  event  defines  the   reason  for  the  economic   owner  to  act.”  
  • 6. Identifying  a  Compelling   Event….extremely  valuable!   •  Reduces  compe66on   •  Reduces  sales  costs     •  Sales  efforts  are  much   more  focused   •  Gain  credibility  with   Customer  
  • 7. Can  We  Create  A  Compelling   Event?   • An6cipate  our  Customer’s  specific  needs   • Clearly  explain  the  personal  impact  that   our  product/service  will  have  on  their   business   • Result:  Change  the  nature  of  our   conversa6ons  and  with  Customer  and   poten6ally  create  a  Compelling  Event  
  • 8. How  Do  We  Compete?   • Customer’s  formal  decision  criteria   • Does  our  solu6on  solve  the  Customer’s   problem?   • Sales  Resources  required   • Current  status  of  our  rela6onship  with   the  Customer?    
  • 9. The  “Value  Proposition”  Concept   • A  clear  statement  that:   •  Explains  how  our  product  solves  the   customers’  problems  or  improves  their   situa6on  (relevancy)   •  Delivers  specific  benefits  (quan6fied  value)   •  Tells  the  ideal  customer  why  they  should   buy  from  us  and  not  from  the  compe66on   (unique  differen6a6on).   • Value  has  to  be  expressed  in  the   Customer’s  terms!  
  • 10. Value  to  the  Customer  is……   • Increasing  Their  Revenue   • Reducing  Their  Costs  
  • 11. Can  We  Win  The  Opportunity?   • Inside  support  (i.e.,  Customer  advocate)     for  our  solu6on?   • Execu6ve  Credibility?   • Compa6bility  with  the  Customer’s   corporate  culture?   • Informal  decision  criteria?   • Poli6cal  landscape  within  the  Customer’s   organiza6on?  
  • 12. Formal  Customer  Roles  In  The   Buying  Process   • Approver   • Decision-­‐Maker   • Evaluator   • User  
  • 13. Key  Customer  Player  Status   • Mentor  (or  Advocate)   • Supporter   • Neutral   • Non-­‐Supporter   • Enemy  
  • 14. What  is  a  Customer  “Mentor”?   •  An  individual  that  will  stand  up  and  fight  for   our  cause  (should  be  also  for  the  greater  good   of  the  Customer).     •  Provides  debrief  on  internal  mee6ngs   •  Helps  navigate  the  poli6cal  landscape  within  the   Customer  organiza6on.   •  Coach  on  who’s  ego  to  stroke   •  Coach  on  Internal  Enemies   •  Should  be  an  “unofficial”  member  of  our  sales   team     •  Value  they  provide  is  priceless.    
  • 15. Is  The  Opportunity  Worth   Winning?   •  Bring  Short-­‐Term  Revenue?   •  Future  business  poten6al  with  the  Customer?   •  Profitability  associated  with  winning  the  opportunity?   •  Risks  if  our  solu6on  fails?   •  Strategic  value  associated  with  winning  this   opportunity?  
  • 16. Summary  &  Key  Take-­‐Aways   •  Become  genuinely  interested  in  your  Customer.   •  Smile…be  posi6ve  and  upbeat.   •  Remember  that  a  Customer’s  name  is  to  that   person  the  sweetest  and  most  important  sound   in  any  language.   •  Be  a  good  listener.    Encourage  your  Customers   to  talk  about  their  issues/challenges.   •  Talk  in  terms  of  your  Customer's  interests.   •  Make  your  Customer  feel  important  –  and  do  it   sincerely.    
  • 18. Bibliography   •  Target  Marke6ng  Systems.    Target  Account  Selling     Atlanta,  GA:  Target  Marke6ng  Interna6onal,  2007   •  Carnegie,  Dale.    How  To  Win  Friends  And  Influence   People  New  York,  NY:  Simon  &  Schuster,  1981   •  Dixon,  Mam  &  Brent  Adamson.    The  Challenger  Sale:   Taking  Control  Of  The  Customer  Conversa6on  New  York,   NY:  Pornolio,  2011  
  • 19. Thanks  for  your  time!!     Ken  Wood   Sale/Marke6ng/Business  Development   Leader   woodzsan@earthlink.net   (919)  802-­‐0065