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Transforming your Sales Organization for Success in 2014 and Beyond Thursday October 2, 2014 11:15am to 12:00pm Growth Track 1

Transforming your Sales Organization

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Transforming your Sales Organization

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  • 1. Transforming your SalesOrganization for Success in2014 and BeyondThursday October 2, 201411:15am to 12:00pmGrowth Track 1

2. Discussion Topics:n What is it like selling advertising to a small tomedium-sized business owner (SMB) in2014 and in the future?n Well look at it from the perspective of theSMB, the sales organization, the sales rep,and the front-line sales managern What we found to be the Keys to Successselling in the Real World 3. The following information comes fromworking with:n 36 Large Media Sales Organizations (Ad AgenciesNewspapers, Yellow Pages, Direct Mail, & Searchcompaniesin North America and 17 countries)n Chosen by Google in 2011 to provide Sales Training tomany of their Premier SMB Partnersn In 2014, we have worked with 3 TV station, 3 yellow pagescompanies, 7 newspapers, and 5 search companiesgoingon hundreds of sales callsn Much of our time is spent working with sales reps and front-linesales managers in the real worldSelling in the Real World! 4. Companies weve worked with:Newspaper Companiesn E.W. Scrippsn Newsday Median Am New Yorkn McClatchyn Lee Enterprisesn Advance Internetn Maine Today Median Orange County Registern Transcontinental Canadan Dallas Morning Newsn Yellow Pages Companiesn Dexn SuperMedian ATTn Local Bookn Global Directoriesn New Zealand Yellow Pagesn Greek Yellow Pagesn InfoTel Canadan Truvon European Directoriesn Mueller Mediann Marquette Groupn DAC Groupn TMP WorldwideSearch Engine Marketing Companies Google Yahoo Driven Local Wordstream Yext Matchcraft LocalLaunch Trada Group Search Engine People Real Search Listings Impress Local 508 MediaDirect Mail Companies Advo ValpakTV Companies Comcast Spotlight WCPO Cincinnati WXYZ Cincinnati KGTV San Diego WEWS Cleveland WMAR Baltimore 5. Key Event that changed everything!n In 1996, I was fortunate enough to work ona project designed to figure out the entireSales Call Processin the Real Worldn We were told that we could take as longas we needed and choose any locationn We chose Brooklyn, NYn It took four (long) yearsn This is our story (and how it relates to youin 2014 and going forward) 6. Lets start out by cutting right to thechasen Question: Whats the goal of the SalesCall?n Answer: To make a Sale!n Question: Any Saleor the Right Sale?n Answer: The Right Sale!n Question: Whats the Right Sale?n Answer: Any Sale where the sales rep isable to successfully match a solution witha need!! 7. What (weve noticed) most of thelarge sales organizations focus on?n Most do a fair amount of productknowledge training with their salesrepsn Some include some basic sellingskills training with their sales repsn Few have been well prepared for thisguy 8. Do you recognize this guyhes your customer!! In a given month hemay have up to 39 sales repscalling on him. Hes confusedand doesnt know who to trustDont be surprised to hear:How do you gain credibility andtrust with a business owner whois confused and being called on bydozens of sales repsall sayingI can help you.No one reads thenewspaper anymoreand youre the fifthperson this week to callme about my websiteand say youre withGoogle 9. Imagine being a SMB in 2014n How manytimes per monthon average doyou think abusiness owneris approachedby a multi-mediasales rep?Recent Survey: Avg. = 39 sales reps per monthThere may be more competition in this space todaythan ever beforefor example: 10. How many companies exist today offering:n Traditional Media solutions (selling TV, Radio, Newspaper,Magazine, Yellow Pages, or Direct Mail) along with some mixof Internet solutionsn Websites and/or Profile Pagesn Videon Google (Display, SEM, SEO, also on Yahoo & Bing)n Listing your business information on dozens of other localplatforms (Google Plus pages, Yahoo local, IYPs, Yelp, etc.)n Mobilen Social Networking sites (Facebook, Twitter, Google + ,etc.)n Email Marketingn Daily DealsReputation ManagementWho should the SMB trustn Behavioral Retargetingis it you? WHY???n n Native Advertisingn And much more all offering clicks, calls, emails, forms,appointments, leads, CPAs, etc. 11. Think of your next sales call this way--in the first few minutes of the call, on a scaleof 1 to 10, where is10 10BusinessOwnersGuardSales RepsCredibilityWhatever you do in those first few minutes of the sales interaction will have asignificant impact on how the rest of the conversation goes!!! 12. How quickly do you discuss $$$?$$ PriceWhen the perceivedvalue in the mind of theclient is worth more thanthe priceyou haveearned the right to makeyour recommendationand discuss price $$Perceived ValueHas the perceived value of your recommendation equaled or become greater thanthe price you are asking the client to invest? 13. Is this Real Life so far?n What % of the time do your clients say, Im gladyou called (or stopped by)...I would really like tospend a significant amount of money with you?n What % of the time do your clients say,n - No one reads the newspaper anymore- I dont get the same results I use toIm cutting back- Im already marketing my company online- Im already working with another company- I tried Google AdWords before with another company(or did it on my own) and it didnt work- My organic ranking is working fine, I dont need aGoogle AdWords campaign- I dont need to have a presence on the internet- Unless you can guarantee results Im not interested- What is your management fee? 14. How can a Sales Rep give themselves the bestopportunity to match a solution to a need?n By following a proven Sales Call Processn The first step is Planning-the activities to help youprepare for the sales interaction before speaking to thesales prospectn The second step is the Call Opening-what you will saythat will allow you to successfully transition to the NeedsAnalysis stepn The third step is the Needs Analysis-uncovering,identifying, and establishing specific needs andobjectivesn The fourth step is to Develop and Present SpecificSolutions that will solve their sales prospects needs andobjectivesn The fifth and final step is to Gain Agreement on thesesolutions-first in Principle, then in Price. 15. Not as easy as it might soundn Beware of the Perfect Storm!n Lets talk about the Real World! 16. Due to Impatience many sales organizationscreate their own Perfect Storm!!! Today advertisers are confused anddont know who they should trust(even with sales reps they know) andthey have less patience whendealing with them! Many sales reps go into their salescalls immediately pushing a newproduct offer and/or a discountedbundle (without being able to tie itback to the SMBs needs)becausetheyre impatient and underpressure to make a quick sale! Many sales organizations pushtheir sales reps to make quicksalesbecause theyre behind intheir #s and theyre also impatient!A lot of impatience going around!! 17. Does your Style affect the wayyou respond?Doer/Director/DriverThinker/AnalyticalRelator/FriendSocializer/ActorAsksMore OftenTheyreRisk-Takers!!TellsMore Often(Correct) (Control)(Relationships) (Recognition)Question: Where do most sales reps fall on this chart?Question: Where do most small business owners fall on this chart? 18. More on what causes the Perfect StormBusiness Owners tend to beRisk-Takers which also meansthey tend to be:- Impatient by nature- More of Teller vs. an Asker- Want to do things Their Way- Go straight to the Bottom LineThe same goes for Sales RepsThe same goes for Sales ManagersThePerfectStorm! 19. Example Perfect Storm Sales Manager toSales Rep to Advertiser scenario:n Sales Manager to Sales Rep: Ok, you know that you arebehind in your SEM sales this weekI need you to makeat least two SEM sales before the weeks out!n Sales Rep to Advertiser: Mr. Advertiser, Ive been reallylooking forward to talking to you today because we arenow working with Google and have a great way ofgetting you found online(features & benefits) for onelow package price!n Advertiser to Sales Rep: Ok, then lets cut to thechasewhats your low package price?n Sales Rep to Advertiser: Its only an investment ofn Advertiser to Sales Rep: Let me think about it.Okay, this is a rough examplebut you get the point 20. To be able to make the Right Sale and earn the SMBsTrusted Advisor status requires 4 things:1. They want a sales rep who has done theirhomework and who understands theirbusiness and industry!Becomea mini-AdAgency2. They want a sales rep who is an expert on allof their advertising solutions3. They want a sales rep who is professional andis able to efficiently ask the right questions tofully understand their business needs andobjectives4. Then develop and customize the rightcombination of ideas and solutions to helpthem achieve their specific business objectives! 21. So, where do you start?n Make it about them firstnot about you!n Find out about them and be able to speaktheir language- Find out what they sell?- Who they sell to (target groups)?- What are the buying factors theirpotential customersCare About?- Why they would be the best choice? 22. What if I dont know anything abouttheir business or industry?n Put yourself in the shoes of one of their potential customers(auto glass example)n Conduct a Google search-Do Your Homeworkn Start your own industry-specific questions libraryn Check out their web site (if they have one)n Develop at least 2 to 3 Specific & Significantquestions that will disturb the business ownerscomplacency for the Call Opening- Making the Connectionn Also develop industry-specific Needs Analysis questions-Understanding their business in depth!Critical Note: If you are unable to develop these questionsyouare NOT ready to make this sales call!!! Do more research! 23. Do your homework! 24. What if you dont know anything aboutthe industry? 25. Vertical Specific Questions 26. Now youre ready to Make the Connection!n During the Call Opening phase of the sales call processyou will:- Tell the business owner who you are- Tell the business owner who youre with- Tell the business owner the purpose ofyour call- WIIFT (Short positioning statement usually followed with ashort closed-ended specific and significant question)- Gain agreement to proceedNote: The goal of this stepis the opportunity to advance to the NeedsAnalysis phase of the call, or set an appointment to do so.Final Note: If this is a new prospect attempt to get anappointment within the first 48 hoursor else the prospectwill most likely not remember the appointment 27. Call Opening Example contdMr. Landscaper, my name is _______________ with________ Media Company here in the _________ area.The reason for my call is that I noticed something onyour website that may allow me to help you possibly wina few additional landscaping contracts with residentialand maybe even some commercial clients. But first, Iwanted to ask youit says on your website that you offercomputerized design, would you be willing to physicallygo to someones home or business and take a photo,then come back with two or three different possible newlandscape designs that your company would later beable to install for them?Note: Our research shows that asking a short closed-ended Specific andSignificant question will be answered over 95% of the timedont believeit? Well do an exercise shortly that will show you how well this approachworks! 28. Making the Connection Example contdLandscape Contractor:Sure, as long as its within aImportant 25 mile radiusPhrase!!!Transitionwhy are you asking?Sales Rep:Thats actually one of the reasons I wanted totalk to you today...I may be able to help youattract a few more of these types of clients,as well as few others. However, there may besome additional questions they may needanswers to firstmay I check with you on a fewother questions they may have? 29. Current StateDesired StateEst. NeedsCustomers- What are themain focus areasof the Business?- What are their keyselling points?NeedsAnalysisFunnelUncover, Identify andEstablish SpecificNeeds& Business Objectives- Capabilityand Capacity?- What are theirbusiness needs& objectives (inorder of priority)?Can your sales reps answer these questionsafter speaking to their clients? 30. What are the main focus areas/ profit centers of the business:Landscape Design Lawn Maintenance Irrigation Systems Landscape Lighting30% to 50% 20% to 30% 20% to 10% 30% to 10%-Are you able to provide- In addition to mowing,- Do you offer systema wide variety of plants,do you also provide edging?check-ups & inspections?trees, flowers, shrubs, etc.- Do you offer any type of- Are you able to repair all- Do you offer seasonalpruning for trees & bushes?types of irrigation systemscolor changes all year?- Is there full clean-up after- Do you offer backflow- Can you provide gradingeach mowing & edging?testing w/ maint. checks?and water drainage?- Do you use your own staff?- Offer re-configurations?________________________________________________________________________________________________________________________________________________________________________________________________-Are you able to offerall types of outdoor lightssuch as, spot lights, flood,deck, hardscape, LED, areapath and well lighting?- Can you offer all typesarchitectural lighting?__________________________________________________________________Summary of Business Needs and Objectives 31. Critical Needs Analysis Points:1. If the sales repexecutes this wellthe SMB should beselling the sales repnot the other wayaround!!!2. Also, once the salesrep is completely soldon the SMB, based onthe answers they givethe SMB has to lovethe creative ideaslaterthey were theirideas!!!3. One final critical point on the Needs Analysis step.Once the sales rep has started to conduct the Needs Analysis,Its critical they stop the call after 7 to 10 min to tell the SMBwhy they are asking these questionsand whats in it for them to continue!!! 32. Solutions MeetingSales Rep After the Sales Rep has conductedA thorough Needs AnalysisIts time to meet with the solutionsExperts to brainstorm and developThe right solutions for the SMB basedOn their specific needsto makeThe Right SaleThe people who attend this meeting could be: The Sales Reps Sales Manager Artists (print solutions) Your Platform experts www.yourwebsite.com) SEM & SEO experts Social Networking experts Display & Behavioral Targeting experts And othersNote: The members of the Solutions Team should have the rightto ask the sales rep if they can answer the following questions:1. What are the main focus areas 2. What are their key selling points (for each focus area)3. What is their Capability and Capacity (#s & $s) 4. What are their Business Needs (in priority) 33. Solutions Meeting Additional things to consider: What are the creative messagesthat will make potential customerswant to buy these products /services? Is this a product or service that youcan create the desire or need for? Whats the demand for the SMBsproducts or services in theirdesired geographic areas? How much competition is therefor those products or servicesin those geographic areas? How much additional businessdoes the SMB want (or need)? What is the average value ofthe order (AVO), as well as thelifetime value of the customer? Which solutions will give the SMBthe best results (products, frequency)?Critical Note:Success cannot be defined asmaking a saleit must be definedas making the Right Sale if youwant to keep this client as a long-termcustomer! 34. Your Proposal and Solutions Deck should always tieback to the SMBs Business Needs and Objectives!!Note: Its still all about them!TitlePageSMBsObjectivesSMBsTargetMarketsSMBs KeySelling Pts.Number ofEyeballsAdditionalStatisticsCreativeMessageNumber ofEyeballsCreativeMessageCampaignSummaryFinalProposalTestimonialIf this is done well,the SMB should beexcited to put thesecreative messageIn front of thoseeyeballs!Its critical to gainagreement inprinciplebeforeattempting to gainagreement in price! 35. Heres an example of showing the potential Number of EyeballsAnd the Creative Message to gain agreement in principle 36. Gaining Agreement in Principle before Gaining Agreement in PriceQuestion: How many of your sales reps make sure they gainagreement in principle before gaining agreement in price?Lets properly define what Agreement in Principle means: It does not mean simply asking the SMB,So, what do you these of these ideas? It also means asking the SMB,How well do you think these ideas will work? It means setting realistic expectations with the SMBBEFORE discussing the total investment price! By discussing the how well you think the ideasand solutions will work before discussing priceit will keep the guard down, allow you todetermine the SMBs perceived value of theideasand if you dont set realisticexpectations nowthey will on their own later! 37. In Summary, to be successful selling media to SMBs in2014 and retaining their business in the long term?n Your Sales Reps will need to become Mini-AdAgenciesn It starts with your sales reps becoming experts onthe SMBs business (by doing the right homeworkfirst)n Asking the right questions and customizing theright solutionsn Staying disciplined to the Sales Call Processn Make the Right Sale and become the SMBsTrusted Advisor!Best of success the rest of 2014!