Other blog posts I found interesting and starred this week

July 1st, 2009 No Comments Posted in Michael Kreppein, Other Interesting Sites, Referrals, Selling Tips

In addition to the blogs listed to the right under the Inquisix blog roll, there are many other really interesting blogs that I read on a regular basis. Posts at these blogs that I recently found interesting enough to star and comment on are below:

  • 10 Tough Questions To Ask Prospects – Sometimes it’s the commenters that really make me think about what’s being written here. This is one of those posts because the first commenter disagrees with these 10 questions. He claims to be a buyer so the credibility should be there.
  • 10 Ways to Get More Clicks in Your Email Campaigns – Our VP Marketing, Betsy, has been sending out regular InquisixCONNECT newsletters to all our members. I’ve found this post to be a great checklist for me to quickly review her newsletter to ensure we’re getting the attention we want. I especially like these tips:
    #2 Link Headlines
    #3 Link Images
    #5 Tease them
    #10 Personalize
  • How to Gently Remind a Customer… – It’s end of quarter and you (or your salespeople) have a few deals left in the forecast. Are they going to happen or not? It’s the time for wondering how many times you can call the customer in a week just to get their update. You’ve already asked for the order. A “Yes” is a great response. “No” is not great if it’s because your competitor is winning but bearable if it’s just pushed out a few weeks. But it’s the no response at all that drive salespeople (and their managers) CRAZY. The stress of not knowing is almost worse than knowing it’s a “No”Geoffrey James has a few ideas on how to get the customer to respond. Better yet, the first commenter shared an email that made him respond to the salesrep asking him for the update.

Managing Customers in the Short Term for the Long Term

June 28th, 2009 No Comments Posted in Michael Kreppein, Referrals, Reputation, Selling

How do you treat long-time customers when the economy is this challenging?  Are you tightening the rules to manage costs or are you more liberal in your policies?

I went to a business that I had purchased from for many years but not over the last year.  They greeted me warmly as if I had just talked with them yesterday, with no hint of criticism or complaint in their voice.

Later that day, I went to another business that I also frequent often.  They know me well enough to recommend new products they think I’d like.  And they know I’ve referred other customers to them. I was 90 minutes late in returning an item I had rented and they wanted to charge me another full day.  It’s their policy and it’s posted.  When I asked for leniency, the owner’s reply was, “It’s our policy and you need to pay.”

The next day I received a rather large bill.  I had made a mistake in understanding the rules so the bill was correct if unwelcome.  When I asked the Accounts Payable person for some flexibility, I was flatly turned down.  When I asked to speak to the owner, I was told that he refused to discuss these issues with anyone.  “Even customers who’ve purchased from him for 20 years?” I asked.  The answer was, “Yes.”

The economy is going to get better.  I will spend more money.  I will continue to make referrals to my vendors.  Which vendor mentioned above will continue getting my business and my referrals?

JOTD

June 23rd, 2009 2 Comments Posted in Humor, Michael Kreppein

According to the Boston Globe, June is shaping up to be the gloomiest month in Boston since 1903. Perhaps a joke is in order, this one from “Advanced Sales Skills Guidebook” by Daniel Farb and Bruce Gordon. Thanks to my buddy Mark for telling it to me yesterday.

A keen sportsman spent the weekend at a hunting lodge and bagged a record number of birds with the help of a dog named “Salesman.” The man was so impressed that when making his reservations for the following year, he specifically requested the services of the same dog.

“Too bad,” said the lodge manager. “Six months ago, some jerk who was here kept calling the dog “Sales Manager” by mistake. Now all he does is sit on his tail and bark.”

DogBarking

Selling Better On The Road

June 16th, 2009 2 Comments Posted in Michael Kreppein, Selling Tips

Like many other road warriors, I’m often using my cell phone when driving in the car. Especially when it’s a long ride on the highway. Or a long wait at the airport. I definitely prefer a handsfree headset, not because it’s the law in many states, but because I am more comfortable when I don’t have to hold the phone up to my ear. More comfortable means better communicating.

I recently found a great Bluetooth wireless headset. I don’t choose my headset as a fashion accessory. I always chuckle when I see people having a face-to-face conversation but leave their Bluetooth headset in their ear. Did they forget to take it out? Do they really think it’s a geek fashion accessory? Well, the headset I chose is not a fashion accessory. Form over function.

I wanted the following features:

  • Bluetooth to work with my cell phone and PC (for Skype)
  • Long battery life
  • Great noise cancellation so that the person I’m speaking to doesn’t think I’m driving in the car
  • Comfortable

I could only find 1 manufacturer that made a Bluetooth headset with a boom microphone. Turns out the VXI BlueParrott B250-XT is made for truckers to talk over the sounds of their big rigs.   Well, it’s GREAT for my uses, too. Even comes with power chargers for work and car. And I had one problem (caused by not reading directions) that the toll-free tech support remedied in no time at all.

BlueParrot

So if you are looking to actually USE a headset when talking to customers and prospects from the car, then buy this headset.

You can find details about the headset on VXI’s website.

I bought the headset online at less-than-suggested-retail-price from GeekBro and their price, service and delivery were excellent. (Maybe this headset is a geek fashion accessory after all!)

Successful Referrals Require More than Just Your Reputation

May 26th, 2009 No Comments Posted in Michael Kreppein, Other Interesting Sites, Process, Referrals, Reputation

Paul McCord has an excellent series of posts on the 4 requirements for a successful referral.

pillars

Pillar 1: Your Relationship to Your Client
Pillar 2: Your Client’s Purchasing Experience
Pillar 3: Your Client’s Relationship to the Referred Prospect
Pillar 4: How You Contact Your Referred Prospect

Paul says that clients don’t like to give referrals. I agree, I think they’re much better at being a reference then pro-actively giving you a referral.  But referrals can be earned and Paul details the “how” which mostly revolves around your reputation with your client.

What’s really interesting is discussed in Paul’s 3rd pillar.  He says, “Your referred prospect will view YOU the same way they view your Client– Good, Bad, or Indifferent”  I absolutely agree.  Inquisix’s data on the quality of a reputation given shows that the better the relationship between the the person giving the referral and their referred colleague, the better the referral experience.  The first hint of a bad referral is how the referral is handled, which is Paul’s 4th Pillar.

So the primary reputation factor in a good referral is not between the person asking and the person giving the referral. Rather, it’s between the person giving the referral and their referred colleague.

Pillars 3 and 4 are why Inquisix allows members to rate each side of the referral via reputation points.  If you give a referral, that member will rate you on the quality of the referral given.  If you get a referral, that member will rate you on how well you treated their trusted colleague. Your Inquisix reputation rating of giving and getting referrals then becomes the badge that all other members can use to validate your credentials.

memberrating

Inquisix on the Business Insanity Radio Show

May 18th, 2009 1 Comment Posted in Events, Michael Kreppein, Other Interesting Sites, Process, Referrals, Selling

barrymoltz

Barry Moltz has a radio show where he will, “… talk about all the craziness of small business.” Last week’s theme was sales & marketing networking thru social media and he invited me to talk with him. You can listen to my portion of the show below.

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Barry had a few guests on his show along with me, including Alyssa Dver from my last post.  His show was also the inspiration for my post on why the cold calling process is like, “putting lipstick on a pig” which generated quite a few comments. If you’d like to listen to the whole 30 minute talk, go to Barry’s website here and listen to episode #40. You’ll find a wealth of information on his site so enjoy.

Happy Ears Are Bad For Forecasting

May 15th, 2009 2 Comments Posted in Events, Humor, Michael Kreppein, Other Interesting Sites, Selling, Selling Tips

Alyssa Dver is author of, “No Time Marketing” and was recently on Barry Moltz’s Business Insanity Radio show again. She had a great quote that was both funny and deadly accurate.

She said that “Happy Ears” is her term for confusing prospect enthusiasm with purchase authority.

What a great quote! It should be one of your top concerns when submitting your forecast to management. And management should be filtering forecasts with same consideration.

What about your forecast, does it have too many opportunities in it based on Happy Ears?

Improve Your Message Before You Call

May 7th, 2009 4 Comments Posted in Michael Kreppein, Other Interesting Sites, Process, Referrals, Reputation, Selling, Selling Tips

Since I have that fancy letter “C” as the first letter in my title as Chief Sales Officer, I get quite a number of cold calls.  Of course it just makes me cringe to be called by someone who hasn’t even spent a minute looking at our business and developing a message about their solution that I’d care about.  But I do enjoy critiquing in my mind their pitch.

Some would like to rename cold calling.  I recently heard it called “introductory calling” in an interview done on Barry Moltz’s talk radio show.  I don’t know, seems analogous to putting lipstick on a pig.

lipstickpig

Instead of just renaming the term, Nigel Edelshain of Sales 2.0 has written a 24-page ebook on turning cold calls into social calls.  He reviews the new Sales 2.0 techniques and tools to “…help you with the three most critical factors: talking to the right people, establishing relationships and using changes in your buyer’s environment.”

You can download Nigel’s book for free here.  Adding his blog to your RSS reader is also well worth it.

Innovative View To Inside Sales Metrics

April 27th, 2009 No Comments Posted in Events, Michael Kreppein, Other Interesting Sites, Process, Selling, Selling Tips

I worked with Trish Bertuzzi of The Bridge Group on a few inside sales consulting engagements when I ran PeakSales Consulting in the late ’90’s.

Her company specializes in improving the Insides Sales department, especially when the group is involved in the full sales cycle till close. So they’re well qualified to publish reports on Inside Sales Best Practices. Trish’s latest offering is the “Periodic Table of Insides Sales Metrics” which I think is a really neat way to summarize the important data relevant for building a top-tier Inside Sales Group. Best of all, the table is free to download from The Bridge Group website.

trishtable

If you’re local to Boston and would like to hear Trish speak, why not print out the table and get her to autograph it at the Sales 2.0 Conference on May 21, 2009? I’m first in line!

Study Says Social Media Not Useful to Close Sales. Duh.

April 10th, 2009 No Comments Posted in Michael Kreppein, Other Interesting Sites, Selling

Great post by Paul Greenburg in his CRM 2.0 blog entitled, “Study Says Social Media Not Useful to Close Sales. Duh.”

Definitely read the whole article. His conclusion:

“When it comes to social networks and channels re: sales, there is some value, due to reputation and influence garnered when participating in the social networks including those identified above, but not to close deals. Their value is in developing the kinds of relationships that serve you over time, if you’re a sales person, in pursuing opportunities and finding leads and developing the kind of sales intelligence that provides you with the insight in making your job easier and better.”

I could not agree more. Social Media/Networking solutions (and we put Inquisix in this category) are helpful in getting the deal started, not closing it.