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Strategic Selling Workshop
Presented ByAyman Basha
© Wincor Nixdorf International GmbH
Workshop Agenda
Course Overview
The Starting point from 9:00am till 11:00am
Buying Influences
Break for 15 minutes
Win – Results
Getting to the economic buying influences from 11:15am till 01:00pm
Competition
one-hour break for lunch
Ideal customer profile
Sales funnel from 2:00pm till 3:30pm
Blue sheet works
Break for 15 minutes
Reinforcement
Open questions from 3:45pm till 5:00pm
2
© Wincor Nixdorf International GmbH
The Sales Process
A multi – Step methodology that is :
- Repeatable
- Manageable
- Consistent
- Sequential
Transforms products and services into revenue/Margin in a cost –
effective way
Composed of many sub processes
3
© Wincor Nixdorf International GmbH
Key outcomes
Key Ideas
Identify the elements of strategic analysis
Develop an ongoing process for:
Analyzing sales opportunities
Setting effective strategies
Managing and tracking sales objectives
4
Common Language
© Wincor Nixdorf International GmbH
Strategic Selling is designed for a complex sale
A complex sale is one in which several people must give their input or
approval before the buying decision is made
5
© Wincor Nixdorf International GmbH
A sale Becomes complex when:
Buyer has many options
Seller has many options
Many levels are involved
Buying organizations decision – making process is complex
6CNS© 20017
© Wincor Nixdorf International GmbH
Elements of Strategic Selling
What is my position (strategy) now with regard to:
Strengths and Red flags
Buying Influences
- Roles, Degree of influence, Modes, Ratings
Win – Results
Competition
Ideal customer profile
Sales Funnel
7
© Wincor Nixdorf International GmbH
Strategic Selling
BASIC PREMISE
whatever it was that you got you where you
are today is not sufficient to keep you there
8
© Wincor Nixdorf International GmbH
The only Constant is Change
The sales environment is which you learned to operate no longer exists
because of high – impact changes
these changes may cause great uncertainty and confusion about the
appropriate action to take
The greater the change, the greater the uncertainty
9
© Wincor Nixdorf International GmbH
Change
10
© Wincor Nixdorf International GmbH
Changes in the selling arena can occur in:
Marketplace
Customer base
Product Line
Competitive Position
Market strategy and tactic
Organization
11
© Wincor Nixdorf International GmbH
Characteristics of change
Change can be:
 A subtle erosion
 A Sudden event
 A continuous growth
Change can be perceived as:
 A threat
 An opportunity
12
© Wincor Nixdorf International GmbH
Changes Worksheet
Changes Worksheet
Change Threat / Opportunity Sudden Event/Continuous Growth
Marketplace
Customer Base
Product Line
Competitive Position
Market Strategy and Tactics
In your Organization
13
© Wincor Nixdorf International GmbH
Strategic purpose: Build a Strong Strategy
Identify Strengths
leverage strengths and capitalize on opportunities
Identify Red Flags
Minimize and /or eliminate uncertainties and threats
14
© Wincor Nixdorf International GmbH
Strengths
Area of differentiation
Opportunities used to improve position
Must be relevant to the current sales objectives
lessen price sensitivity
15
© Wincor Nixdorf International GmbH
Red Flags
Critical information that is missing or unclear
New or un-contacted buying influences
Reorganization
Uncertainty about any information
16
© Wincor Nixdorf International GmbH
Single Sales Objective Criteria
Product, Service, or solution – related
Specific, Clear, Concise
Definable and measurable
Tied to a timeline
Usually not connected by “and”
17
© Wincor Nixdorf International GmbH
Test Your Current Position
“ How do I feel right now about closing this single sales Objective?”
18
© Wincor Nixdorf International GmbH
Euphoria – Panic Continuum (what do I feel about my position today)
Euphoria Panic
19
DiscomfortConcernOkComfortSecureGreat fearworryDiscomfortConcernOkComfortSecureGreat
© Wincor Nixdorf International GmbH
Single Sales Objective Worksheet
Single Sales Objective Worksheet
Company Product/Service/Solution Sales/Margin Close Date Euphoria - Panic Continuum
Total # Single Sales Objectives = Total Sales Margin =
20
© Wincor Nixdorf International GmbH
Buying Influences
Key ideas:
Four buying Influences roles in every sale
Each role describes a type of influence on the sale
Each buying Influence may play multiple role in one sale
21
© Wincor Nixdorf International GmbH
To Increase your probability of sales success
Identify all buying influences
Determine Buying influences roles
Remember that buying influences can play multiple roles
22
© Wincor Nixdorf International GmbH
Economic Buying Influence
Role: gives final approval to buy
Only one per sale(could be team, board, or committee)
Controls expenditure and release of funds
Has discretionary use of resources
Has veto power
Can say yes (and make it happen)
Focus: bottom line and impact on organization
Asks: “what return will I get on this investment?”
23
© Wincor Nixdorf International GmbH
User Buying Influence
Role: Judges impact on job performance
Often several or many
Use or supervise the use of your product, service, or solution
Personal because users will live with your solution
Direct link between users success and the success of your product, service, or
solution
Focus: The job to be done
Asks: “How does this impact my job responsibilities?”
24
© Wincor Nixdorf International GmbH
Technical buying influence
Role: Screens out
Often several or many
Judge measurable, quantifiable aspects of your proposal
Gatekeepers
Cannot give final approval
Can veto based on specs or technicalities
Focus: match to specifications in their areas of expertise
Asks : “Does this meet the specified criteria?”
25
© Wincor Nixdorf International GmbH
Coach
Role: acts as a guide for this sale
Proactively develop at least one !
A coach can provide and interpret information about:
Validity of this single sales objective
Other buying influences
Other elements of your strategic analysis
Focus: your success with this proposal
Asks: “How can we make this happen”
26
© Wincor Nixdorf International GmbH
Develop Coaches
May be Found:
In buying Organizations
In selling organizations
Outside both
Share your blue sheet with your coach
27
© Wincor Nixdorf International GmbH
Coach Criteria
You have credibility with this individual
This person has credibility with buying influences for this single sales objective
This person wants your solution
All three criteria must be met, or you have a red flag
28
© Wincor Nixdorf International GmbH
Buying Influences worksheet
Buying Influences worksheet
Econominc Buying Influence: Controls expenditure of budget, controle resoureces, Has Veto power.
User/Operation buying influences: Use or Supervise the use of your product/service/solution
Technical buying influences: judge measurable, quantifibale aspects of your proposal.
Coaches; Act as guides and provide/interpret information for this sale.
Single Sales Objective Company/Customer------------------ Product/Service/Solution----------------------- Sales Margin-------------------- Closing date-------------------
Name/Title Degree Mode Rating Win Result
Economic Buying Influence
User/Operation Buying Influences
Technical Buying influences
Coaches
29
© Wincor Nixdorf International GmbH
Degree of Influence
Key Ideas:
Different Buying Influences have varying degrees of influence for
each Single sales Objective
There are three degrees of influences
30
© Wincor Nixdorf International GmbH
Three Degrees of Influence
31
Low
Medium
High
© Wincor Nixdorf International GmbH
To increase your Probability of sales success:
Understand a buying Influence’s degree of influence
Develop an approach that recognizes each degree of influence
32
© Wincor Nixdorf International GmbH
Factors Affecting Degree Of Influence
Organization Impact
Level of expertise
Personal priority
Internal Polices
Geography
Decision – making process
33
© Wincor Nixdorf International GmbH
Level Of Receptivity: Buying Influence Modes
Key Ideas:
1. Every sales proposal is a change
2. Buying influences view change in different ways
3. Modes = Buying influences perception of a need for change
4. Four Modes or perceptions of urgency
34
© Wincor Nixdorf International GmbH
To increase your probability of sales success:
You need to:
 Understand each Buying Influences mode
 Develop an approach for each mode
35
© Wincor Nixdorf International GmbH
Reality = Buying Influences perception of the selling
situation, not Yours
Example: Is the glass half full or half empty?
Modes are not overall attitudes or personalities.
36
© Wincor Nixdorf International GmbH
Growth
Probability of taking action is high
Result wanted
Discrepancy
Reality Today
Does your proposal reduce or eliminate the discrepancy?
37CNS© 20017
© Wincor Nixdorf International GmbH
Trouble
Probability of taking action is high
Result Wanted
Discrepancy
Reality Today
Does your proposal reduce or eliminate the discrepancy?
38
© Wincor Nixdorf International GmbH
Even Keel
Probability of taking action is low
Result wanted
Reality Today
Buying influence asks, “why do I need to make a change?”
What is your plan for moving this buying influence from Even Keel?
39
© Wincor Nixdorf International GmbH
Overconfident
Probability of taking action is NIL
Perception of REALITY today caused by
False reading of situation
Sights set too low
Strong resistance to change
Results Wanted
Buying Influence asks, “who needs your proposal?”
What is your strategy for bringing this buying influence to the real world
40
© Wincor Nixdorf International GmbH
Ratings
+5 Enthusiastic Advocate
+4 Strongly Supportive
+3 Supportive
+2 Interested
+1 Will go along
- 1 Probably Won’t resist
- 2 Uninterested
- 3 Negative
- 4 Very Negative
- 5 Antagonistic Anti – Sponsor
41
© Wincor Nixdorf International GmbH
Use of Modes and ratings to help set strategies
Degree Mode Rating
H EK -2
H T +3
L T -3
L G +4
42
Economic
User
Technical
Coach
© Wincor Nixdorf International GmbH
We’re Ultimately Striving for:
 Satisfied customers
 Long – term relationship
 Repeat business
 Referrals
An order alone is not enough.
43
© Wincor Nixdorf International GmbH
WIN - WIN
I I
44
I WIN YOU
WIN
I WIN
YOU
LOSE
I LOSE
YOU
WIN
I LOSE
YOU
LOSE
© Wincor Nixdorf International GmbH
Win - Results
Key Ideas:
People Win in their own ways
Your personal win is different from each buying influence’s personal
win
Categories of buying influence tend to look for similar business
results, but each win in a personal way
45
© Wincor Nixdorf International GmbH
To Increase your probability of success
Learn how your buying influences WIN
Don’t focus only on business results
Tie the two together to ensure your proposal delivers the personal WIN
46
© Wincor Nixdorf International GmbH
WIN - RESULTS
Win – Results
What are the specific business results I need to produce for this
Buying Influence to personally WIN
47
© Wincor Nixdorf International GmbH
Results
48
Product/Service
Knowledge
Tools
Process
Product Design
Operations
Quality Control
Communications
Results/Business
• Impact of the product on
the process.
• Tangible, measurable,
Quantifiable
© Wincor Nixdorf International GmbH
Results Reference Sheet
49
Economic Buying Influence
Role: Final approval, release budget
Focus: Bottom line and impact on organization
User /Operation Buying Influences
Role: Judge Product impact on the job
Focus: The job to be done
1. Higher Return on investment
2. Increased Sales
3. Reduced costs
4. Increased efficiency/ productivity
5. Low cost of ownership
6. Flexibility
7. Profitability
8. Smooth cash flow
Technical Buying Influences
Role: Judge match to specifications, screen out
Focus: Match to specifications in their areas of expertise
1. Meet Specifications
2. Exceed Specifications
3. Timely delivery
4. Best technical solution
5. Discounts/low bid/ price
6. Terms and conditions
7. Meet legal requirements
1. Reliability
2. Increased Efficiency
3. Upgrade Skills
4. Fulfill performance requirements
5. Best problem solution
6. Do job better/faster/easier
7. Versatility
8. Excellent service
9. Easy to learn and use
Coaches
Role: give data, guide to other buying influences
Focus: your success with this proposal
Note: Coaches don’t have their own results,
only WINs. Coaches only have results if they
are playing another buying influence role
© Wincor Nixdorf International GmbH
Wins
50
WIN
• Needs To serve personal
interest
• Excel
• Feel Important
• Belong
• Survive
• Help others
• Make contributions
• Avoid a loss
• How the buying influence’s
self – Interest is served
• Reflects and reinforce
values and attitudes
• Intangible, not measurable
• Why a person buys
Buying
influence
Self -
Interest Win
© Wincor Nixdorf International GmbH
Wins Reference Sheet
• Remain in Power
• Achieve control over others
• Get more leisure
• Remain in a given location
• Increase personal productivity
• Increase skill development
• Be an instrument of change
• Be looked on as problem solver
• Contribute to the organization
• Increase mental stimulation
• Gain recognition
• Increase growth potential
• Improve social status
• Have more time with family
• Get more power
• Increase self – Esteem
• Be more flexible
• Feel More Secure or safe
• Put in a quality performance
• Be seen as a leader
• Offer Uniqueness
• Pay a debt
• Increase responsibility and authority
• Purse a lifestyle
• Get more freedom
• Get a promotion
• Make someone indebted
• Autonomy
• Education
• One – gunmanship
• Increased confidence
CNS© 2001751
Avoiding a Lose
• Loss of credibility
• Loss of recognition
• Loss of job
• Continuous worry
• Demotion
• Go out of business
• Make boss or associates angry or annoyed
• Ego deflation
© Wincor Nixdorf International GmbH
Characteristics of Wins and Results
Wins
 Fulfillment of promise made to oneself
 Intangible, not measurable, not quantifiable
 Personal
RESULTS
 Impact of a product on a business process
 Tangible, measurable, quantifiable
 Corporate
CNS© 2001752
© Wincor Nixdorf International GmbH
Win + Results = Success
53
Buying
Influence
Self -
Interest
Win - Results Process
Product /
Service
© Wincor Nixdorf International GmbH
Techniques To Uncover Wins:
 Ask the buying influence directly
 Ask your Coach
 Inter the Win from what you know of the buying influence, and double – check your
inference
54
© Wincor Nixdorf International GmbH 55
Win - Results
Win – Results Statement
A short statement of the personal win that a buying influence
attains when important, measurable business results are
delivered
© Wincor Nixdorf International GmbH
Win – Results Statement Worksheet
56
Single Sales Objective: --------------------------------------------------- Single Sales Objective: ---------------------------------------------------
Product/ Service / Solution --------------------------------------- Product/ Service / Solution ------------------------------------------
Sales margin -------------------------------------------------- Sales margin ----------------------------------------------------
Closing date --------------------------------------------------------- Closing date ---------------------------------------------------------
Buying Influence name -------------------------------------------- Buying Influence name -------------------------------------------
Key Results Key Results
Win - Results Statement Win - Results Statement
Win - Results Statement Worksheet
Key Wins Key Wins
© Wincor Nixdorf International GmbH 57
Getting to the Economic Buying Influence
What makes getting to the Economic Buying Influence so difficult?
Getting to the Economic Buying Influence
© Wincor Nixdorf International GmbH 58
Can’t Identify Blocked Uncomfortable
Three challenges of reaching the economic buying
influence
Economic Buying Influence
© Wincor Nixdorf International GmbH 59
To overcome “can’t Identify”
 Ask the suspected Economic Buying Influence directly
 Ask your coach
 Infer or guess
To overcome “can’t Identify”
© Wincor Nixdorf International GmbH
Getting the Economic Buying Influences worksheet
Can't Identify Blocked Uncomfortable
Getting the Ecomonic Buying influence Worksheet
Possible Actions To Minimise or Overcome
Reasons
60
© Wincor Nixdorf International GmbH 61
Competition
Key Ideas:
 Every Sales has competition
 Focusing on the competition can be just as dangerous as ignore it
 To increase your probability of success, you must leverage and eliminate
 There are four types of competition for every sale
© Wincor Nixdorf International GmbH 62
Type of competition
Competition is defined as any alternative solution
Buying from someone else
SupplierSupplier
Buyer Organization
Buying Influence
Using Budget for Something else
Buyer Organization
Using Internal Sources
Buyer Organization
Buying Influence
Buying Influence Buying Influence
Doing Nothing
Buyer Organization
© Wincor Nixdorf International GmbH 63
Sales Strategies Focusing on Competition
 Reactive
 Ignore customer needs
 Not creative or innovative
 Use “me too” approach
© Wincor Nixdorf International GmbH
Competition Worksheet
Competition Worksheet
Competition 2Competition 1
Their Strenghths
Their Red Flags
64
© Wincor Nixdorf International GmbH 65
Competition strengths and red flags
1. How does your Single Sales Objective differ from your competition’s (budget amount,
close date/implementation, product, service or solution)?
2. Who is coaching your competition? Who is their Economic Buying Influence? Who
dislike them?
3. What has your competition sold this account before? Did they deliver as promised?
4. Does this company prefer sole distributer/ suppliers, or would it rather have multiple
sources?
5. What product, service, or solution advantage does the competition have for this Single
Sales Objective? Weaknesses? Price Difference? Service and support strengths and
weaknesses
© Wincor Nixdorf International GmbH 66
Position VS. Competition
From your customer’s perspective, what is your position for this single sales objective?
Only Alternative: You are the only one being considered.
Front Runner : There is competition, but you are in the preferred position.
Shared : There is competition, and the decision could go to anyone.
Zero : Your competition is firmly positioned
© Wincor Nixdorf International GmbH 67
Ideal Customer profile
Key ideas:
 The ideal customer profile is used as a predictive device to anticipate
and to identify
 The ideal customer profile can be used as a strong device
 The closer your customers fit your ideal customer profile, the more likely you
are to encounter fewer problems and have an easier sale
© Wincor Nixdorf International GmbH 68
Areas that reflect attitudes/Values
Company reputation
Business ethics
Innovative or conservative
Attitude towards people (their own, customers, vendors)
Loyalty
History or relationship
© Wincor Nixdorf International GmbH
Ideal Customer Worksheet
Ideal Customer Worksheet
Best Customers Characteristics Unique to Best KeyCharacteristics Of your Ideal customer Characteristics Unique to poorest Poorest Customers
69
© Wincor Nixdorf International GmbH 70
What is Selling Time?
Any time spent face to face or phone to phone with a buying influence talking
about Growth or Trouble or asking questions to uncover Growth or Trouble
© Wincor Nixdorf International GmbH 71
Sales Funnel
Key Ideas:
 There is never enough selling time
 Selling priorities and time allocation are two different things
 Every sale requires four kinds of selling work
© Wincor Nixdorf International GmbH 72
Sales Funnel
A device that can be used as a tool to help focus salespeople and managers
 Manage selling time
 Define where you are in the selling process
 Track Single Sales Objectives
 Priorities selling activities
 Balance the four kinds of selling works
© Wincor Nixdorf International GmbH 73
Close the
Order
Prospect
Qualify
Cover
the
Bases
Four Kinds Of Selling Work
© Wincor Nixdorf International GmbH 74
ProspectUniverse Data suggests a
potential fit
Above the funnel Data suggest a
possible order
In the funnel Data verifies a
possible order
Best Few Clearly defined
next steps or no
luck involved
Qualify
Cover the
bases
Close the
order
© Wincor Nixdorf International GmbH 75
Sales Funnel
Consider These Factors When Allocating Selling Time
 Tasks to be performed to move to next funnel step
 Difficulty of work required
 Amount of revenue involved
 Potential of account
 Accommodation of buying cycles
 Product - Mix quotas
© Wincor Nixdorf International GmbH
Sales Funnel Worksheet
Sales Funnel Worksheet
Company/Division/Area Product/Services/Solution Sales Margin Close Date
Next
Action/Status
Next Action Date Time Allotted
Best Few
Universe
Above the funnel
In the Funnel
76
© Wincor Nixdorf International GmbH 77
Customer’s Priorities
From your customer’s perspective, what is the sense of urgency
for this Single Sales Objectives?
 Urgent
 Active
 Work It In
 Later
© Wincor Nixdorf International GmbH 78
Possible Actions
 There must be at least one action to leverage or reinforce each
 and at least one action to reduce or eliminate each
 Check Changes and Competition Worksheets for additional and
© Wincor Nixdorf International GmbH
Timing Chart Worksheet
79
1. Blue sheet Owner
2. Process Keeper
3. Time Keeper
4. Nutral Scribe
From to
From to
From to
From to
From to
From to
15 minutes Group selects best actions from list of possible actions and fills in what , who, and when
Timing Chart Worksheet
Team Appoints Blue sheet
Time Schedule
5 minutes Blue sheet owner tells his story without interruption
10 minutes Group asks questions to uncover and list additional Red Flags
10 mintutes Group asks questions to uncover and list additional Strenghths
10 mintues Group Lists information needed
10 mintues Group lists possible actions (no discussion, no questions, no analysis, no judgements)
© Wincor Nixdorf International GmbHCNS© 20017 80
Thank you
THANK YOU
ABU DHABI
Shaheen Tower, Al Salam Street
P.O. Box 46144, Abu Dhabi – UAE.
Tel: +971 2 644 2888
DUBAI
Makeen Building, Airport Road,
P.O. Box 52137, Dubai – UAE.
Tel: +971 4 238 4400
MUSCAT
Suite # 0402 - Z210, 2nd Floor,
Building 4, Knowledge Oasis,
PC 135 Rusayil, P.O. Box 50,
Muscat, Sultanate of Oman
Tel: +968 2417 0188
KUWAIT
Sharq, Ahmad Al Jaber Street
Dar Al Awadi, 2nd Floor
Office No. 5405 , Safat 13160
P.O. Box: 29927, Kuwait.
Tel: +965 2232 2999

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Art Of Selling

  • 2. © Wincor Nixdorf International GmbH Workshop Agenda Course Overview The Starting point from 9:00am till 11:00am Buying Influences Break for 15 minutes Win – Results Getting to the economic buying influences from 11:15am till 01:00pm Competition one-hour break for lunch Ideal customer profile Sales funnel from 2:00pm till 3:30pm Blue sheet works Break for 15 minutes Reinforcement Open questions from 3:45pm till 5:00pm 2
  • 3. © Wincor Nixdorf International GmbH The Sales Process A multi – Step methodology that is : - Repeatable - Manageable - Consistent - Sequential Transforms products and services into revenue/Margin in a cost – effective way Composed of many sub processes 3
  • 4. © Wincor Nixdorf International GmbH Key outcomes Key Ideas Identify the elements of strategic analysis Develop an ongoing process for: Analyzing sales opportunities Setting effective strategies Managing and tracking sales objectives 4 Common Language
  • 5. © Wincor Nixdorf International GmbH Strategic Selling is designed for a complex sale A complex sale is one in which several people must give their input or approval before the buying decision is made 5
  • 6. © Wincor Nixdorf International GmbH A sale Becomes complex when: Buyer has many options Seller has many options Many levels are involved Buying organizations decision – making process is complex 6CNS© 20017
  • 7. © Wincor Nixdorf International GmbH Elements of Strategic Selling What is my position (strategy) now with regard to: Strengths and Red flags Buying Influences - Roles, Degree of influence, Modes, Ratings Win – Results Competition Ideal customer profile Sales Funnel 7
  • 8. © Wincor Nixdorf International GmbH Strategic Selling BASIC PREMISE whatever it was that you got you where you are today is not sufficient to keep you there 8
  • 9. © Wincor Nixdorf International GmbH The only Constant is Change The sales environment is which you learned to operate no longer exists because of high – impact changes these changes may cause great uncertainty and confusion about the appropriate action to take The greater the change, the greater the uncertainty 9
  • 10. © Wincor Nixdorf International GmbH Change 10
  • 11. © Wincor Nixdorf International GmbH Changes in the selling arena can occur in: Marketplace Customer base Product Line Competitive Position Market strategy and tactic Organization 11
  • 12. © Wincor Nixdorf International GmbH Characteristics of change Change can be:  A subtle erosion  A Sudden event  A continuous growth Change can be perceived as:  A threat  An opportunity 12
  • 13. © Wincor Nixdorf International GmbH Changes Worksheet Changes Worksheet Change Threat / Opportunity Sudden Event/Continuous Growth Marketplace Customer Base Product Line Competitive Position Market Strategy and Tactics In your Organization 13
  • 14. © Wincor Nixdorf International GmbH Strategic purpose: Build a Strong Strategy Identify Strengths leverage strengths and capitalize on opportunities Identify Red Flags Minimize and /or eliminate uncertainties and threats 14
  • 15. © Wincor Nixdorf International GmbH Strengths Area of differentiation Opportunities used to improve position Must be relevant to the current sales objectives lessen price sensitivity 15
  • 16. © Wincor Nixdorf International GmbH Red Flags Critical information that is missing or unclear New or un-contacted buying influences Reorganization Uncertainty about any information 16
  • 17. © Wincor Nixdorf International GmbH Single Sales Objective Criteria Product, Service, or solution – related Specific, Clear, Concise Definable and measurable Tied to a timeline Usually not connected by “and” 17
  • 18. © Wincor Nixdorf International GmbH Test Your Current Position “ How do I feel right now about closing this single sales Objective?” 18
  • 19. © Wincor Nixdorf International GmbH Euphoria – Panic Continuum (what do I feel about my position today) Euphoria Panic 19 DiscomfortConcernOkComfortSecureGreat fearworryDiscomfortConcernOkComfortSecureGreat
  • 20. © Wincor Nixdorf International GmbH Single Sales Objective Worksheet Single Sales Objective Worksheet Company Product/Service/Solution Sales/Margin Close Date Euphoria - Panic Continuum Total # Single Sales Objectives = Total Sales Margin = 20
  • 21. © Wincor Nixdorf International GmbH Buying Influences Key ideas: Four buying Influences roles in every sale Each role describes a type of influence on the sale Each buying Influence may play multiple role in one sale 21
  • 22. © Wincor Nixdorf International GmbH To Increase your probability of sales success Identify all buying influences Determine Buying influences roles Remember that buying influences can play multiple roles 22
  • 23. © Wincor Nixdorf International GmbH Economic Buying Influence Role: gives final approval to buy Only one per sale(could be team, board, or committee) Controls expenditure and release of funds Has discretionary use of resources Has veto power Can say yes (and make it happen) Focus: bottom line and impact on organization Asks: “what return will I get on this investment?” 23
  • 24. © Wincor Nixdorf International GmbH User Buying Influence Role: Judges impact on job performance Often several or many Use or supervise the use of your product, service, or solution Personal because users will live with your solution Direct link between users success and the success of your product, service, or solution Focus: The job to be done Asks: “How does this impact my job responsibilities?” 24
  • 25. © Wincor Nixdorf International GmbH Technical buying influence Role: Screens out Often several or many Judge measurable, quantifiable aspects of your proposal Gatekeepers Cannot give final approval Can veto based on specs or technicalities Focus: match to specifications in their areas of expertise Asks : “Does this meet the specified criteria?” 25
  • 26. © Wincor Nixdorf International GmbH Coach Role: acts as a guide for this sale Proactively develop at least one ! A coach can provide and interpret information about: Validity of this single sales objective Other buying influences Other elements of your strategic analysis Focus: your success with this proposal Asks: “How can we make this happen” 26
  • 27. © Wincor Nixdorf International GmbH Develop Coaches May be Found: In buying Organizations In selling organizations Outside both Share your blue sheet with your coach 27
  • 28. © Wincor Nixdorf International GmbH Coach Criteria You have credibility with this individual This person has credibility with buying influences for this single sales objective This person wants your solution All three criteria must be met, or you have a red flag 28
  • 29. © Wincor Nixdorf International GmbH Buying Influences worksheet Buying Influences worksheet Econominc Buying Influence: Controls expenditure of budget, controle resoureces, Has Veto power. User/Operation buying influences: Use or Supervise the use of your product/service/solution Technical buying influences: judge measurable, quantifibale aspects of your proposal. Coaches; Act as guides and provide/interpret information for this sale. Single Sales Objective Company/Customer------------------ Product/Service/Solution----------------------- Sales Margin-------------------- Closing date------------------- Name/Title Degree Mode Rating Win Result Economic Buying Influence User/Operation Buying Influences Technical Buying influences Coaches 29
  • 30. © Wincor Nixdorf International GmbH Degree of Influence Key Ideas: Different Buying Influences have varying degrees of influence for each Single sales Objective There are three degrees of influences 30
  • 31. © Wincor Nixdorf International GmbH Three Degrees of Influence 31 Low Medium High
  • 32. © Wincor Nixdorf International GmbH To increase your Probability of sales success: Understand a buying Influence’s degree of influence Develop an approach that recognizes each degree of influence 32
  • 33. © Wincor Nixdorf International GmbH Factors Affecting Degree Of Influence Organization Impact Level of expertise Personal priority Internal Polices Geography Decision – making process 33
  • 34. © Wincor Nixdorf International GmbH Level Of Receptivity: Buying Influence Modes Key Ideas: 1. Every sales proposal is a change 2. Buying influences view change in different ways 3. Modes = Buying influences perception of a need for change 4. Four Modes or perceptions of urgency 34
  • 35. © Wincor Nixdorf International GmbH To increase your probability of sales success: You need to:  Understand each Buying Influences mode  Develop an approach for each mode 35
  • 36. © Wincor Nixdorf International GmbH Reality = Buying Influences perception of the selling situation, not Yours Example: Is the glass half full or half empty? Modes are not overall attitudes or personalities. 36
  • 37. © Wincor Nixdorf International GmbH Growth Probability of taking action is high Result wanted Discrepancy Reality Today Does your proposal reduce or eliminate the discrepancy? 37CNS© 20017
  • 38. © Wincor Nixdorf International GmbH Trouble Probability of taking action is high Result Wanted Discrepancy Reality Today Does your proposal reduce or eliminate the discrepancy? 38
  • 39. © Wincor Nixdorf International GmbH Even Keel Probability of taking action is low Result wanted Reality Today Buying influence asks, “why do I need to make a change?” What is your plan for moving this buying influence from Even Keel? 39
  • 40. © Wincor Nixdorf International GmbH Overconfident Probability of taking action is NIL Perception of REALITY today caused by False reading of situation Sights set too low Strong resistance to change Results Wanted Buying Influence asks, “who needs your proposal?” What is your strategy for bringing this buying influence to the real world 40
  • 41. © Wincor Nixdorf International GmbH Ratings +5 Enthusiastic Advocate +4 Strongly Supportive +3 Supportive +2 Interested +1 Will go along - 1 Probably Won’t resist - 2 Uninterested - 3 Negative - 4 Very Negative - 5 Antagonistic Anti – Sponsor 41
  • 42. © Wincor Nixdorf International GmbH Use of Modes and ratings to help set strategies Degree Mode Rating H EK -2 H T +3 L T -3 L G +4 42 Economic User Technical Coach
  • 43. © Wincor Nixdorf International GmbH We’re Ultimately Striving for:  Satisfied customers  Long – term relationship  Repeat business  Referrals An order alone is not enough. 43
  • 44. © Wincor Nixdorf International GmbH WIN - WIN I I 44 I WIN YOU WIN I WIN YOU LOSE I LOSE YOU WIN I LOSE YOU LOSE
  • 45. © Wincor Nixdorf International GmbH Win - Results Key Ideas: People Win in their own ways Your personal win is different from each buying influence’s personal win Categories of buying influence tend to look for similar business results, but each win in a personal way 45
  • 46. © Wincor Nixdorf International GmbH To Increase your probability of success Learn how your buying influences WIN Don’t focus only on business results Tie the two together to ensure your proposal delivers the personal WIN 46
  • 47. © Wincor Nixdorf International GmbH WIN - RESULTS Win – Results What are the specific business results I need to produce for this Buying Influence to personally WIN 47
  • 48. © Wincor Nixdorf International GmbH Results 48 Product/Service Knowledge Tools Process Product Design Operations Quality Control Communications Results/Business • Impact of the product on the process. • Tangible, measurable, Quantifiable
  • 49. © Wincor Nixdorf International GmbH Results Reference Sheet 49 Economic Buying Influence Role: Final approval, release budget Focus: Bottom line and impact on organization User /Operation Buying Influences Role: Judge Product impact on the job Focus: The job to be done 1. Higher Return on investment 2. Increased Sales 3. Reduced costs 4. Increased efficiency/ productivity 5. Low cost of ownership 6. Flexibility 7. Profitability 8. Smooth cash flow Technical Buying Influences Role: Judge match to specifications, screen out Focus: Match to specifications in their areas of expertise 1. Meet Specifications 2. Exceed Specifications 3. Timely delivery 4. Best technical solution 5. Discounts/low bid/ price 6. Terms and conditions 7. Meet legal requirements 1. Reliability 2. Increased Efficiency 3. Upgrade Skills 4. Fulfill performance requirements 5. Best problem solution 6. Do job better/faster/easier 7. Versatility 8. Excellent service 9. Easy to learn and use Coaches Role: give data, guide to other buying influences Focus: your success with this proposal Note: Coaches don’t have their own results, only WINs. Coaches only have results if they are playing another buying influence role
  • 50. © Wincor Nixdorf International GmbH Wins 50 WIN • Needs To serve personal interest • Excel • Feel Important • Belong • Survive • Help others • Make contributions • Avoid a loss • How the buying influence’s self – Interest is served • Reflects and reinforce values and attitudes • Intangible, not measurable • Why a person buys Buying influence Self - Interest Win
  • 51. © Wincor Nixdorf International GmbH Wins Reference Sheet • Remain in Power • Achieve control over others • Get more leisure • Remain in a given location • Increase personal productivity • Increase skill development • Be an instrument of change • Be looked on as problem solver • Contribute to the organization • Increase mental stimulation • Gain recognition • Increase growth potential • Improve social status • Have more time with family • Get more power • Increase self – Esteem • Be more flexible • Feel More Secure or safe • Put in a quality performance • Be seen as a leader • Offer Uniqueness • Pay a debt • Increase responsibility and authority • Purse a lifestyle • Get more freedom • Get a promotion • Make someone indebted • Autonomy • Education • One – gunmanship • Increased confidence CNS© 2001751 Avoiding a Lose • Loss of credibility • Loss of recognition • Loss of job • Continuous worry • Demotion • Go out of business • Make boss or associates angry or annoyed • Ego deflation
  • 52. © Wincor Nixdorf International GmbH Characteristics of Wins and Results Wins  Fulfillment of promise made to oneself  Intangible, not measurable, not quantifiable  Personal RESULTS  Impact of a product on a business process  Tangible, measurable, quantifiable  Corporate CNS© 2001752
  • 53. © Wincor Nixdorf International GmbH Win + Results = Success 53 Buying Influence Self - Interest Win - Results Process Product / Service
  • 54. © Wincor Nixdorf International GmbH Techniques To Uncover Wins:  Ask the buying influence directly  Ask your Coach  Inter the Win from what you know of the buying influence, and double – check your inference 54
  • 55. © Wincor Nixdorf International GmbH 55 Win - Results Win – Results Statement A short statement of the personal win that a buying influence attains when important, measurable business results are delivered
  • 56. © Wincor Nixdorf International GmbH Win – Results Statement Worksheet 56 Single Sales Objective: --------------------------------------------------- Single Sales Objective: --------------------------------------------------- Product/ Service / Solution --------------------------------------- Product/ Service / Solution ------------------------------------------ Sales margin -------------------------------------------------- Sales margin ---------------------------------------------------- Closing date --------------------------------------------------------- Closing date --------------------------------------------------------- Buying Influence name -------------------------------------------- Buying Influence name ------------------------------------------- Key Results Key Results Win - Results Statement Win - Results Statement Win - Results Statement Worksheet Key Wins Key Wins
  • 57. © Wincor Nixdorf International GmbH 57 Getting to the Economic Buying Influence What makes getting to the Economic Buying Influence so difficult? Getting to the Economic Buying Influence
  • 58. © Wincor Nixdorf International GmbH 58 Can’t Identify Blocked Uncomfortable Three challenges of reaching the economic buying influence Economic Buying Influence
  • 59. © Wincor Nixdorf International GmbH 59 To overcome “can’t Identify”  Ask the suspected Economic Buying Influence directly  Ask your coach  Infer or guess To overcome “can’t Identify”
  • 60. © Wincor Nixdorf International GmbH Getting the Economic Buying Influences worksheet Can't Identify Blocked Uncomfortable Getting the Ecomonic Buying influence Worksheet Possible Actions To Minimise or Overcome Reasons 60
  • 61. © Wincor Nixdorf International GmbH 61 Competition Key Ideas:  Every Sales has competition  Focusing on the competition can be just as dangerous as ignore it  To increase your probability of success, you must leverage and eliminate  There are four types of competition for every sale
  • 62. © Wincor Nixdorf International GmbH 62 Type of competition Competition is defined as any alternative solution Buying from someone else SupplierSupplier Buyer Organization Buying Influence Using Budget for Something else Buyer Organization Using Internal Sources Buyer Organization Buying Influence Buying Influence Buying Influence Doing Nothing Buyer Organization
  • 63. © Wincor Nixdorf International GmbH 63 Sales Strategies Focusing on Competition  Reactive  Ignore customer needs  Not creative or innovative  Use “me too” approach
  • 64. © Wincor Nixdorf International GmbH Competition Worksheet Competition Worksheet Competition 2Competition 1 Their Strenghths Their Red Flags 64
  • 65. © Wincor Nixdorf International GmbH 65 Competition strengths and red flags 1. How does your Single Sales Objective differ from your competition’s (budget amount, close date/implementation, product, service or solution)? 2. Who is coaching your competition? Who is their Economic Buying Influence? Who dislike them? 3. What has your competition sold this account before? Did they deliver as promised? 4. Does this company prefer sole distributer/ suppliers, or would it rather have multiple sources? 5. What product, service, or solution advantage does the competition have for this Single Sales Objective? Weaknesses? Price Difference? Service and support strengths and weaknesses
  • 66. © Wincor Nixdorf International GmbH 66 Position VS. Competition From your customer’s perspective, what is your position for this single sales objective? Only Alternative: You are the only one being considered. Front Runner : There is competition, but you are in the preferred position. Shared : There is competition, and the decision could go to anyone. Zero : Your competition is firmly positioned
  • 67. © Wincor Nixdorf International GmbH 67 Ideal Customer profile Key ideas:  The ideal customer profile is used as a predictive device to anticipate and to identify  The ideal customer profile can be used as a strong device  The closer your customers fit your ideal customer profile, the more likely you are to encounter fewer problems and have an easier sale
  • 68. © Wincor Nixdorf International GmbH 68 Areas that reflect attitudes/Values Company reputation Business ethics Innovative or conservative Attitude towards people (their own, customers, vendors) Loyalty History or relationship
  • 69. © Wincor Nixdorf International GmbH Ideal Customer Worksheet Ideal Customer Worksheet Best Customers Characteristics Unique to Best KeyCharacteristics Of your Ideal customer Characteristics Unique to poorest Poorest Customers 69
  • 70. © Wincor Nixdorf International GmbH 70 What is Selling Time? Any time spent face to face or phone to phone with a buying influence talking about Growth or Trouble or asking questions to uncover Growth or Trouble
  • 71. © Wincor Nixdorf International GmbH 71 Sales Funnel Key Ideas:  There is never enough selling time  Selling priorities and time allocation are two different things  Every sale requires four kinds of selling work
  • 72. © Wincor Nixdorf International GmbH 72 Sales Funnel A device that can be used as a tool to help focus salespeople and managers  Manage selling time  Define where you are in the selling process  Track Single Sales Objectives  Priorities selling activities  Balance the four kinds of selling works
  • 73. © Wincor Nixdorf International GmbH 73 Close the Order Prospect Qualify Cover the Bases Four Kinds Of Selling Work
  • 74. © Wincor Nixdorf International GmbH 74 ProspectUniverse Data suggests a potential fit Above the funnel Data suggest a possible order In the funnel Data verifies a possible order Best Few Clearly defined next steps or no luck involved Qualify Cover the bases Close the order
  • 75. © Wincor Nixdorf International GmbH 75 Sales Funnel Consider These Factors When Allocating Selling Time  Tasks to be performed to move to next funnel step  Difficulty of work required  Amount of revenue involved  Potential of account  Accommodation of buying cycles  Product - Mix quotas
  • 76. © Wincor Nixdorf International GmbH Sales Funnel Worksheet Sales Funnel Worksheet Company/Division/Area Product/Services/Solution Sales Margin Close Date Next Action/Status Next Action Date Time Allotted Best Few Universe Above the funnel In the Funnel 76
  • 77. © Wincor Nixdorf International GmbH 77 Customer’s Priorities From your customer’s perspective, what is the sense of urgency for this Single Sales Objectives?  Urgent  Active  Work It In  Later
  • 78. © Wincor Nixdorf International GmbH 78 Possible Actions  There must be at least one action to leverage or reinforce each  and at least one action to reduce or eliminate each  Check Changes and Competition Worksheets for additional and
  • 79. © Wincor Nixdorf International GmbH Timing Chart Worksheet 79 1. Blue sheet Owner 2. Process Keeper 3. Time Keeper 4. Nutral Scribe From to From to From to From to From to From to 15 minutes Group selects best actions from list of possible actions and fills in what , who, and when Timing Chart Worksheet Team Appoints Blue sheet Time Schedule 5 minutes Blue sheet owner tells his story without interruption 10 minutes Group asks questions to uncover and list additional Red Flags 10 mintutes Group asks questions to uncover and list additional Strenghths 10 mintues Group Lists information needed 10 mintues Group lists possible actions (no discussion, no questions, no analysis, no judgements)
  • 80. © Wincor Nixdorf International GmbHCNS© 20017 80 Thank you
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