Being Invincible

This past Wednesday and Thursday, October 13-14, 2010 Richardson held our 4th annual Client Forum the Sofitel Hotel in Philadelphia. It was an exciting day with over 75 clients, partners and staff in attendance. The primary theme was how a high impact learning culture is a proven business driver in today's changed business environment. David Mallon of Bersin & Associates and Peter Ostraw of Aberdeen Group were the key note presenters. Both David and Peter shared insights, data and practices that support the notion of how an organization's culture impacts business results in a direct and predictable manner. Numerous clients, including Mary Slaughter, CLO of Sun Trust Bank shared best practices and success stories of how they transformed their sales cultures to positively impact results and differentiate their organizations from the competition. On Wednesday evening our dinner reception at Amada was a great time, with our guest speaker Vince Papale, former Philadelphia Eagle and subject of Disney's movie "Invincible," inspiring the group with his heart felt and brutally honest words. His authenticity was evident to all. Vince spoke of his incredible million to one odds of making the NFL team's roster as a 30 year old unemployed school teacher who had played only one year of high school football.

I was particularly moved when Vince spoke of the moment he was standing on the field in Veteran's Stadium in 1976 for the "open to the public" try out with hundreds of others, all with the dream to be a Philadelphia Eagle. He shared with us that he wanted when given this opportunity, he wasn't going to waste it. He certainly didn't! What struck me was how relevant Vince's comment was to those of us in business today - when given the opportunity to succeed, be sure you seize it!

I believe that in order to seize your opportunity in today's environment, you must extensively prepare to succeed and when your chance to shine arrives, be sure you remain authentic (i.e be yourself), demonstrate your knowledge of your client's needs, show your conviction to your client's success and let none of your competition stop you. In other words, be Invincible.

I'd like to thank each of our clients and prospects for your commitment to Richardson, your attendance at this year's event and for your participation and contribution. Hope to see you all again in Philadlephia again next year.

NO BUDGET – UNLESS OF COURSE

Many of the customers we are talking to may be like your customers. Their budgets have either been cut or all but vanished.

They also have something else in common: their goal to increase revenue and save money in the short-term. You already know how important it is to justify your value to a customer. But — never before has value justification taken on such a critical role in closing business. It now is the key to finding, unlocking, and creating budgets. And the nature of value justification has changed. We are not only in a spreadsheet world but a world that is demanding creativity in finding rationale to buy and identifying non-typical pockets where budgets may be found.

I spoke with a salesperson who, in my view, is a master at conjuring up budgets even when the customer had been unsuccessful in doing so him or herself. It is said that “Necessity is the mother of invention.” This seems true for the salesperson. His product was so new and original that not only was there no budget for it (even in good times), there was no one with the responsibility for it.

After identifying who in the organizations were most apt to have needs for his product and then engaging in need dialogues with them and being told there was no budget, he leaned heavily on metrics and creative analysis to prove his product was a smart move and would help his customers achieve their objectives. He captivated and convinced one customer by showing that if his product increased the performance of one of the company’s 500 sales reps by 5%, that increase would pay the full cost of the investment. This brought not only a smile to the customer’s lips, it gave the customer a rationale to bring to his boss and get the OK.

He showed another customer how his product amounted to .0001% of their total revenue and compared that to the increase in productivity. For another customer who put money aside for replacement of full-time equivalents in anticipation of the company’s 10% turnover, he showed that by reducing that fund by one person, the cost of the product was covered, and this potentially reduced turnover and gave needed support to his team of managers.

In each case, he was able to close because he spelled out his value justification in a way that was graphic, concrete, tangible, practical, reasonable, and believable.

Today, it’s necessary to go beyond “normal” thinking about value justification. It’s necessary to really understand the company’s business, deeply probe the customer’s needs and find a direct link of your product to the customer’s shorter-term objectives, and then justify the price specifically. It takes searching every nook and corner for ways to illustrate value justification.

Closing starts in prep time when you think about the value you bring to the table and continues in the deep need dialogue you lead so you can graphically show dollars and cents value. While the value you show can be longer-term, today, the shorter, the better, and the more specific, the more compelling.

Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com

Lego Lessons for Salespeople

Over a sunny August weekend at the beach, I watched my 7-year old nephew, Dylan, assemble his birthday present, a Lego Aqua Raiders set. This Lego is way beyond what the simple Lego design I recall. It was aimed at 8 to 14 year olds and consisted of multiple plastic bags filled with complex small shapes, sizes, and colors and two instruction books, totaling 115 pages of small type and diagrams.

In the past, I’ve seen his dad help him with these difficult tasks but he wanted to do this one himself. Intermittently over the course of 3 days he sat whistling and working away at it.

I was astounded to see the concentration and methodology and I realized there was a lesson there for all of us in sales.

Just as he drew from his resources of among the dozens of the little plastic bags filled with tiny parts, salespeople draw from their resources, research, and experience. He used the instruction book to guide him piece by piece and looked ahead to see where each small design would take him. Salespeople’s set of instructions are their knowledge of the sales process, how to lead a call and follow a call plan. And they must think ahead to their goal.

Dylan would test each piece along the way. Salespeople must seek feedback from customers. Whether Legos or sales, tasks and sequence matters.

Dylan was motivated as he completed each piece by his sense of accomplishment and praise from all of us. When he ran into a snag, he backtracked and made adjustments. Salespeople too must get reinforcement and persist.

So some questions for you — When you are working to close a deal, how does your focus and commitment compare? If you run into trouble, can you regroup? Do you keep going to move forward to win the deal and build the relationship?

A note for sales managers: Aqua Raiders could be a good team building exercise. And if the team gets stuck, find a 7-year old.

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To learn more about Richardson's comprehensive, customize sales training solutions, please visit us on the web at http://www.richardson.com

Feedback - Ouch

I recently got negative feedback. I am usually open to feedback and actually appreciate it. But this time, it felt crushing. Why? I actually agreed with what was said. So why did I feel so upset?

I think I know why:
1)I got it in an e-mail and had no chance to ask questions and get deeper understanding
2)I got it third-hand
3)It wasn’t specific

I think feedback is truly the breakfast of sales champions. I got over feeling hurt once I got to talk to someone. In fact, I learned a lot and am grateful for the feedback because it pushed me to work to get to another level.

What have been your experiences with feedback? When has it helped? Hurt?

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Linda Richardson is founder of Richardson, a global sales training and consulting company offering the most comprehensive total solutions in the industry. Richardson provides custom solutions by diagnosing needs, providing the best mode of training, assessing results, and embedding a reinforcement system and coaching to impact performance improvement.

Contact Richardson today to learn more.