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What is SellXL?

SellXL is a practical, high-energy, one-
day workshop that helps professional
salespeople establish, maintain and
leverage relationships at the executive
level.



                                 The Gentry Initiative
Based on rigorous research on
Selling at the Executive Level
 Hewlett-Packard | Kenan Flagler Business School, UNC
  Georgia State University | Target Marketing Systems




           When and why do executives get involved in
            the decision process for major purchases?
           What has to happen in meetings with
            salespeople for the executive to feel it was
            effective?
           How do salespeople establish trust and
            credibility at the executive level, thereby
            securing return access?
           What are executives looking for in “strategic
            relationships” with suppliers?

      Selling to Senior Executives: Part 1. Stephen J. Bistritz, Ed.D. Journal of Selling and Major Account
      Management. Volume 4, No. 2, Winter, 2001. The Sales Research Trust Limited.
      Southampton, United Kingdom.
What are some of the Challenges
 Your Salespeople Face When
    Calling on Executives?




  http://www.wcremembered.co.uk/63_p12.html




                                              The Gentry Initiative
Could one of them be…

Targeting the
Right Executive?
For the biggest sales opportunity
in their key accounts, do your
salespeople know the Relevant
Executive™? Do they even know
how to define the Relevant
Executive™?


                           The Gentry Initiative
Typical Organization Chart

                                                    CEO


                                                  Stephen
                                                  Markup




                 COO                                CIO                                CFO


             Joseph                             Anne Marie                           Benjamin
             Harris                              Lawson                                Wu



  Dir. Sales &             Dir.        Dir. Corporate                     Dir. Customer
                                                            IT Director                      Controller
  Marketing            Manufacturing      Strategy                           Service

     Sarah                 José           Susan               Dave            John              Nancy
      Lit                 Compo          Langston            Powers            Lee              Wallet




  Formal           Who has the formal power for a decision on a new IT
     and            solution?
Informal           Who has the informal power?
   Power           It may not be who you think it is. . .

                                                                                             The Gentry Initiative
Informal Power vs. Formal Power
         Which is most powerful?

People with informal power typically possess that
power because of their …
    Previous or current relationships
    Reputation for past or current performance
    Control of key resources
    Subject matter expertise

Remember informal power always trumps
formal power!



                                                  The Gentry Initiative
Gaining Access



             The Gentry Initiative
Four Approaches to Gaining Access
     Assuming your client was considering a major purchase, how likely
     would they be to schedule a meeting with your salesperson if the
     request came from…?


    Overt             Sponsor             Referral           Gatekeeper




Implement an        Use a credible      Use a referral       Treat the
overt approach      sponsor within      (someone outside     gatekeeper
via the             the client’s        the client’s         (AA, secretary or
telephone or        organization to     organization), suc   the like) as a
using a phone       help secure         h as a               resource and use
call, preceded by   access              consultant, busin    them to help
a letter                                ess associate or     secure access
                                        friend




                                                                 The Gentry Initiative
How Effective Are Your
Salespeople at Address Roadblocks?




Do they know the causes of roadblocks they face? Do
 they know the wrong approach could be one of them?
    Do they know what techniques can be implemented to
     better address or circumvent them?
Establish Your
Credibility

                 The Gentry Initiative
Components of Credibility




Integrity




                                           Capability

            Adapted from: Clients for Life. Jagdish Sheth and Andrew Sobel. Simon and Schuster, 2000.
Components of Credibility



                                                            Trusted Advisor
                   Reliable                                Collaborative Relationship
                   Trustworthy
                   Consistent                                    Client Value Zone
Integrity


                                                              Extra Pair of Hands
                                                              Expert for Hire




                                            Capability
            Adapted from: Clients for Life. Jagdish Sheth and Andrew Sobel. Simon and Schuster, 2000.
Different Perspectives



 Executive




Management




Operations
Different Perspectives



 Executive Other Uses
            of Funds                 Company Wide View




                    Solution
                                    Department/Function
Management             Fit
                                           View




                                 Price/    Project
Operations                     Discounts    View




                                                          The Gentry Initiative
Learning About Your Clients


                                                  Client
                                                 Executive




Your Client’s Competitors                                                          Your Client’s Customers
                                        Your Client’s Company




                                         Your Client’s Industry




               Adapted from: Clients for Life. Jagdish Sheth and Andrew Sobel. Simon and Schuster, 2000.
When calling on
Executives, do your
salespeople know the Four
Major Objectives of an
Initial Face-to-Face Call?


                        The Gentry Initiative
Create
Your Value

             The Gentry Initiative
Perception of Value


Q               When your client formed a strategic “partnership” with your
                company, what benefits did they expect and what did you
                actually deliver?

A                                                                                        Expected Benefit

                               Loyalty Gap
                63%                                                                      Value Received


                               47%
    Responses




                                              37%
                                                              33%           32%
                                     28%                                                   28%
                      23%

                                                    11%                           11%
                                                                    6%                             6%
                  Integrated   Commitment        Deeper         Gain         Sharing        Reduce Lead
                 Information   of Dedicated    Insight into   Competitive   Price/Cost    Time for Product
                   Systems      Personnel     Product Plans   Advantage       Risks         Development




                                                                                              The Gentry Initiative
Creating a Value Proposition




You, Your      Your       Client’s
Company      Specific     Breakthrough
and Your     Business     Initiative
Solution      Value




                                  The Gentry Initiative
We can give you the tools…it’s up to you to use them!
    For more information, or to schedule an onsite SellXL
workshop for your sales team, call The Gentry Initiative at 267-
          210-0080 or visit us at www.TGInow.com

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Sell Xl @ A Glance

  • 1.
  • 2. What is SellXL? SellXL is a practical, high-energy, one- day workshop that helps professional salespeople establish, maintain and leverage relationships at the executive level. The Gentry Initiative
  • 3. Based on rigorous research on Selling at the Executive Level Hewlett-Packard | Kenan Flagler Business School, UNC Georgia State University | Target Marketing Systems  When and why do executives get involved in the decision process for major purchases?  What has to happen in meetings with salespeople for the executive to feel it was effective?  How do salespeople establish trust and credibility at the executive level, thereby securing return access?  What are executives looking for in “strategic relationships” with suppliers? Selling to Senior Executives: Part 1. Stephen J. Bistritz, Ed.D. Journal of Selling and Major Account Management. Volume 4, No. 2, Winter, 2001. The Sales Research Trust Limited. Southampton, United Kingdom.
  • 4. What are some of the Challenges Your Salespeople Face When Calling on Executives? http://www.wcremembered.co.uk/63_p12.html The Gentry Initiative
  • 5. Could one of them be… Targeting the Right Executive?
  • 6. For the biggest sales opportunity in their key accounts, do your salespeople know the Relevant Executive™? Do they even know how to define the Relevant Executive™? The Gentry Initiative
  • 7. Typical Organization Chart CEO Stephen Markup COO CIO CFO Joseph Anne Marie Benjamin Harris Lawson Wu Dir. Sales & Dir. Dir. Corporate Dir. Customer IT Director Controller Marketing Manufacturing Strategy Service Sarah José Susan Dave John Nancy Lit Compo Langston Powers Lee Wallet Formal  Who has the formal power for a decision on a new IT and solution? Informal  Who has the informal power? Power  It may not be who you think it is. . . The Gentry Initiative
  • 8. Informal Power vs. Formal Power Which is most powerful? People with informal power typically possess that power because of their …  Previous or current relationships  Reputation for past or current performance  Control of key resources  Subject matter expertise Remember informal power always trumps formal power! The Gentry Initiative
  • 9. Gaining Access The Gentry Initiative
  • 10. Four Approaches to Gaining Access Assuming your client was considering a major purchase, how likely would they be to schedule a meeting with your salesperson if the request came from…? Overt Sponsor Referral Gatekeeper Implement an Use a credible Use a referral Treat the overt approach sponsor within (someone outside gatekeeper via the the client’s the client’s (AA, secretary or telephone or organization to organization), suc the like) as a using a phone help secure h as a resource and use call, preceded by access consultant, busin them to help a letter ess associate or secure access friend The Gentry Initiative
  • 11. How Effective Are Your Salespeople at Address Roadblocks? Do they know the causes of roadblocks they face? Do they know the wrong approach could be one of them? Do they know what techniques can be implemented to better address or circumvent them?
  • 12. Establish Your Credibility The Gentry Initiative
  • 13. Components of Credibility Integrity Capability Adapted from: Clients for Life. Jagdish Sheth and Andrew Sobel. Simon and Schuster, 2000.
  • 14. Components of Credibility  Trusted Advisor  Reliable  Collaborative Relationship  Trustworthy  Consistent Client Value Zone Integrity  Extra Pair of Hands  Expert for Hire Capability Adapted from: Clients for Life. Jagdish Sheth and Andrew Sobel. Simon and Schuster, 2000.
  • 16. Different Perspectives Executive Other Uses of Funds Company Wide View Solution Department/Function Management Fit View Price/ Project Operations Discounts View The Gentry Initiative
  • 17. Learning About Your Clients Client Executive Your Client’s Competitors Your Client’s Customers Your Client’s Company Your Client’s Industry Adapted from: Clients for Life. Jagdish Sheth and Andrew Sobel. Simon and Schuster, 2000.
  • 18. When calling on Executives, do your salespeople know the Four Major Objectives of an Initial Face-to-Face Call? The Gentry Initiative
  • 19. Create Your Value The Gentry Initiative
  • 20. Perception of Value Q When your client formed a strategic “partnership” with your company, what benefits did they expect and what did you actually deliver? A Expected Benefit Loyalty Gap 63% Value Received 47% Responses 37% 33% 32% 28% 28% 23% 11% 11% 6% 6% Integrated Commitment Deeper Gain Sharing Reduce Lead Information of Dedicated Insight into Competitive Price/Cost Time for Product Systems Personnel Product Plans Advantage Risks Development The Gentry Initiative
  • 21. Creating a Value Proposition You, Your Your Client’s Company Specific Breakthrough and Your Business Initiative Solution Value The Gentry Initiative
  • 22. We can give you the tools…it’s up to you to use them! For more information, or to schedule an onsite SellXL workshop for your sales team, call The Gentry Initiative at 267- 210-0080 or visit us at www.TGInow.com