Great Zig Ziglar quote to start the week

August 24th, 2009 Comments Off Posted in Michael Kreppein, Other Interesting Sites, Process, Selling, Selling Tips

As a salesperson, are you selling to your prospects or helping them solve problems?

Zig Ziglar says, “You can get everything in life  you want if you help other people get what they want.”  As quoted in Selling Power maagazine, June 2009 issue, page 28.

Zig’s message at first glance seems a bit naive especially since it seems contrary to messages you receive at school, on the playing fields and at work about being number 1.

But in this new Sales 2.0 “empowering the customer” environment, is there any other way to be successful in your career?

Miss Manners is never around when you need her & Tip to reconnect with customers

August 21st, 2009 Comments Off Posted in Michael Kreppein, Other Interesting Sites, Referrals, Selling, Selling Tips

There were two articles I read recently that really resonated with me although they’re about separate topics.  Hence the long and unwieldy title. I think the first issue about saying, “No” to friend requests is a new phenomena that the rise in social networking has created.  And technology has also come in between you and your customer when you want to get your message across to one or two people.  Hmm, technology – you can use it to increase quantity at the cost of quality.  Maybe these two topics have a common link after all.

  • What’s the Right Way to Say ‘I Don’t Want to Be Your Friend’? – I’ve read and re-read this posting several times because it’s an issue that I face often. Where’s Ann Landers or Miss Manners when we need the answer to this question that only today’s times of social networks invading our personal space. Why I get business colleagues asking me to be Facebook friends I don’t know. Why I want to connect on LinkedIn with someone who openly admits to wanting to collect the largest number of connections is beyond me.
  • The talking pad – I really dislike PowerPoint presentations to get my message across to one or two people sitting with me at the table. Colleagues laugh at my laminate, as I’ll bring 2 slides printed out and laminated back-to-back as my presentation cues. Using a pad of paper or a whiteboard is just as effective. There are many & better options than flipping up the laptop and presenting. Start using them (again) and watch your conversions increase.

Inside Sales Growing at Expense of Field Sales?

August 12th, 2009 1 Comment Posted in Michael Kreppein, Other Interesting Sites, Referrals, Selling, Selling Tips

Is Inside Sales growing at the expense of Outside Sales?

  • Some Sobering Sales Statistics – Another blog article that remarks on the trends of inside sales teams growing in importance and size while forecasts for the death of outside sales teams continue.

I’ve sold as & managed an inside sales group.  And I’ve done the same in the field so I can see both sides of this argument.  Perhaps has the market for a certain product matures overtime, the distribution of that product changes from field to inside to channel to online.  Are many big-ticket B2B products in a new market sold over the phone?  I doubt it.  But I’m sure the add-on sales of laptops once the vendor has been chosen is an easy sale over the phone or via the web.

So many professionals & businesses don’t see the end of their way of doing things.  Look at newspapers today.  Horse carriage manufacturers 100 years ago.  Is this the beginning of the end for outside sales?  Time will tell.

Do you “Give to Get” or “Give for Money” Referrals?

August 3rd, 2009 1 Comment Posted in Michael Kreppein, Other Interesting Sites, Referrals, Reputation, Selling

Did anyone see JigSaw’s recent announcement that they’ve sent up an exchange where you can sell a referral to your contacts?  It’s called “JigSaw Connect” and given the number of members they have (850K registered  members), this could be the first exchange to make selling a referral by the individual sales rep successful.

Selling a referral to your customer isn’t anything new.  Companies have been doing it at the corporate level for years.  They call it the affiliate program or the business development partner program or just the reseller program.  And this seems to be a well understood and accepted practice by the customers.

Individual sales reps and agents selling a referral to their customer in certain industries isn’t new, either.  The introduction of a mortgage broker by the real estate agent that just found your new home probably comes with a kick-back to the agent from the mortgage broker.  Maybe the referral fee is not as well understood by the consumer but I don’t think anyone would be surprised.

Now JigSaw is taking this to a new level.  It’s at the rep level where an individual rep can earn $200 by referring their customer to any vendor that’s signed up to advertise on JigSaw Connect.  And it’s many industries, even ones where traditionally the selling of referrals at the rep level is frowned upon.  The only other site I’ve seen that offers this exchange of referrals for cash is SalesConx, a startup based in New York City.  But they don’t have the membership scale that JigSaw has.

I’ll be very interested to see how JigSaw Connect fares.  JigSaw itself received a lot of negative press early on because people were offended that their business information was sold anonymously.  JigSaw will say that they’re just collecting business information differently than a Hoovers or OneSource but aren’t any different in the information they deliver.  I’ve used JigSaw for years and Inquisix is a JigSaw data partner so I don’t have an issue with the service.

Still, selling referrals versus giving referrals is an interesting dilemma for some.  BNI members give referrals to get them in return, i.e. “Givers Gain“.  At Inquisix, we encourage members to give referrals to increase their reputation with their own customer.  But no money is exchanged.

Would you anonymously sell the business cards you’ve collected to a data broker, i.e. JigSaw?

Would you sell a referral to a business contact you have?

There’s a big jump in effort, responsibility, and reputation between the 2 questions.  Let’s see how this pans out.

Consummate Networkers Presentation by Inquisix

July 29th, 2009 Comments Off Posted in Events, Michael Kreppein, Other Interesting Sites, Process, Referrals, Reputation, Selling

As mentioned in a previous post, Pat Weber runs an online networking group called the Consummate Networkers and she invited me to speak to her group last week.

Pat has three key areas of consummate networking:

* Show Up
* Dive In
* Follow up

Pat asked me to talk about the Dive-In area so I presented to over 30 attendees on, “The Morning After….Attending the Networking Event.” We used the BlitzTime solution so that everyone could see & hear the presentation and then do one-on-one networking afterwards. All from the comfort of their home, office or car.

Get Back in the Ring

July 7th, 2009 Comments Off Posted in Michael Kreppein, Other Interesting Sites, Selling

A colleague of mine sent me this quote from Teddy Roosevelt that keeps her going when she needs a pick-me-up:

“It is not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena; whose face is marred by the dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions and spends himself in a worthy cause; who at the best, knows in the end the triumph of high achievement, and who, at worst, if he fails, at least fails while daring greatly; so that his place shall never be with those cold and timid souls who know neither victory or defeat.”

TeddyR

Improving Your Elevator Pitch

July 6th, 2009 2 Comments Posted in Michael Kreppein, Other Interesting Sites, Selling

Have you ever froze at a networking event when someone asked what you do?  Or maybe there were a few too many “ums” in your pitch?  Or, most critically, did you see eyes starting to glaze as you babbled on?

I think the 30-second elevator pitch at a networking event is too long given everyone’s reduced attention span.

Babara Lopez, the Elevator Pitch Coach, just gave me a great tip on creating a great and quick elevator pitch.

ElevatorPitch

Start with, “Well, you know some businesses have [insert the problem you solve]?”

Pause for acknowledgement.

Continue, “Well, what I do is [insert your solution]”

If you’ve done your pitch well and the recipient is interested, then a reply of, “So, how do you do that?” means you’ve done well.

Here’s the Inquisix pitch.

“Well, you know some companies are looking to expand their business through referrals?”

“Well, we connect those company owners and salesreps to reputable professionals to give and get referrals confidentially.”

Managing Customers in the Short Term for the Long Term

June 28th, 2009 1 Comment 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?

Meet Master Networker Rick Roberge, Inquisix Member

June 10th, 2009 Comments Off Posted in Betsy MacKinnon, Referrals, Selling, Selling Tips

rickrobergeweb21

This is the second in our series of meeting our Inquisix community members.  Thank you to Rick Roberge, master networker and sales coach with David Kurlan & Associates — and an Inquisix member since December 2007. Rick spent some time to answer a few of our questions about trends in business and networking and we’re much obliged.

General Inquisix

What is your business?

We, at Kurlan & Associates, are sales development experts. We evaluate salespeople, management, systems, policies and procedures to determine WHY sales aren’t what they should be. Once we determine the WHY, we can train or coach salespeople or managers, develop a more effective sales process, recruit stronger people or a dozen other solutions with laser focus and a predictable ROI.

Why do you network?

The average person doesn’t take calls from strangers. I’ve found that a minute or two, face to face conversation that’s all about them will increase the odds that they’ll take my call and be open to having a more substantive conversation at that time. Problem is, face to face networking can be time consuming.

What types of networking were you doing previously?

Face to face at Chamber of Commerce mixers, Business expos and home shows. Visiting BNI and other networking groups. Inviting my clients to private (my client only) business card swaps. Volunteer groups. Service organizations. Weddings, funerals, graduation parties. If I’m with people, I’m ON!

What was missing from your previous networking endeavor(s)?

Face to face networking can be time consuming and you have to get dressed.

What made you join Inquisix?  

I liked the idea. Like-minded, centers-of-influence, trusted advisor-types that can ask each other for introductions with the expectation that they’re talking to a similar type professional.

What do you like best about Inquisix?

In my opinion, LinkedIn has been ruined by the “LION” attitude (note: LION refers to LinkedIn Open Networker, which means you’ll accept an invite from anyone in LinkedIn.) I know every connection well enough to know whether I should introduce and how to introduce and give the person that I’m introducing a clue as to how to tailor their approach. I’ve refused many LinkedIn invitations from chance encounters if we haven’t interacted enough (or we’ve interacted enough to know that I shouldn’t). I also like the fact that I can say, “Yes” or “No”. I’ll usually have a conversation with the member asking for the introduction to determine fit.

Promise fulfilled? Have you received a referral introduction? Was it successful?

Yes! Success is defined as, “The person took my call and appreciated the fact that their friend introduced us.” It does not mean that I sold anything because I may not think it’s a fit.

Do you give referrals? Why?  

Yes. Lots. But not every time I’m asked. However, I sometimes give them without being asked.

What are the misconceptions about online networking? How does Inquisix address these or do them differently?

Quantity doesn’t matter. Quality matters. Inquisix insures quality by introducing the concept of “Reputation Points.” If you don’t or can’t make a strong introduction, everyone will know. So, it’s important to upload the people that trust you most and will follow your lead.

How do you see the future of networking?

I see networking as being the future. There’s a lot of buzz about in-bound marketing and lead generation, but NOTHING (unless you’re ‘click to buy’) happens until you have a conversation with a prospect who’s listening and open to your thoughts.

If you could get across one thing about Inquisix to a perspective member what would it be?

I’d rather have you upload 10 people that smile and feel good when I mention your name than 1000 people that will ask, “Who?” when I mention your name.

Thanks for speaking with us Rick.

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.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

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.