Mastering the World of Selling
eBook - ePub

Mastering the World of Selling

The Ultimate Training Resource from the Biggest Names in Sales

  1. English
  2. ePUB (mobile friendly)
  3. Available on iOS & Android
eBook - ePub

Mastering the World of Selling

The Ultimate Training Resource from the Biggest Names in Sales

About this book

Of the 17 million people in the U.S. who are involved directly or indirectly in sales, many repeatedly acknowledge facing four major challenges:
  1. No prior sales education or training
  2. Lack of formalized sales training, resources, and methodologies provided by their companies
  3. Due to the recession and downsizing era, lack of 12-18 month professional sales training for new hires provided by Fortune 500 companies
  4. A consistent struggle to keep their sales force, distributors, manufacturers reps and affiliates motivated and focused on effectively selling their products and services

Mastering the World of Selling helps companies and entrepreneurs overcome these four major obstacles with candid advice and winning strategies from the leading sales trainers and training companies in the world:

Acclivus*AchieveGlobal*Action Selling*Tony Allesandra*Brian Azar*Baker Communications, Inc.*Mike Bosworth*Ian Brodie*Ed Brodow*Mike Brooks*Bob Burg*Jim Cathcart*Robert Cialdini PhD*Communispond, Inc.*Tim Connor*CustomerCentric Selling*Dale Carnegie*Sam Deep*Bryan Dodge*Barry Farber*Jonathan Farrington*Jeffrey Fox*Colleen Francis*FranklinCovey Sales Performance Solutions*Thomas A. Freese*Patricia Fripp*Ari Galper*General Physics Corporation*Jeffrey Gitomer*Charles H. Green*Ford Harding*Holden International*Chet Holmes*Tom Hopkins*Huthwaite, Inc.*Imparta, Ltd.*InfoMentis, Inc.*Integrity Solutions*Janek Performance Group, Inc.*Tony Jeary*Dave Kahle*Ron Karr*Knowledge-Advantage, Inc.*Jill Konrath*Dave Kurlan*Ron LaVine*Kendra Lee*Ray Leone*Chris Lytle*Paul McCord*Mercuri International*Miller Heiman, Inc.*Anne Miller*Dr. Ivan Misner*Michael Macedonio*Sharon Drew Morgen*Napoleon Hill Foundation*Michael Oliver*Rick Page*Anthony Parinello*Michael Port*Porter Henry*Prime Resource Group, Inc.*Neil Rackham*Revenue Storm*Linda Richardson*Keith Rosen*Frank Rumbauskas*Sales Performance International, Inc.*Sandler Training*Dr. Tom Sant*Stephan Schiffman*Dan Seidman*Blair Singer*Terri Sjodin*Art Sobczak*Drew Stevens, PhD*STI International*The Brooks Group*The Friedman Group*The TAS Group*Brian Tracy*ValueSelling Associates*Wendy Weiss&*Jacques Werth*Floyd Wickman*Wilson Learning*Dirk Zeller*Tom Ziglar*Zig Ziglar

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Information

Publisher
Wiley
Year
2010
Print ISBN
9780470617861
Edition
1
eBook ISBN
9780470651506
Subtopic
Sales
Chapter 1
Collaboration
Changing the World
Randall K. Murphy
Acclivus R3 Solutions
 
 
 
Collaboration. What do we mean by collaboration, and why would a book on sales training start with a chapter on collaboration?
The reason is simple. Collaboration is all around us. Frequently still in the concept stage, often not fully understood, and sometimes awkwardly situated between rhetoric and reality, collaboration is nonetheless steadily emerging as the new model or paradigm for individuals and groups working productively together. It is becoming the preferred method for successful sales and customer relationships.
From Newsweek and Time to Harvard Business Review and Fortune to The Futurist, articles abound promoting collaboration, “the collaborative mind-set,” and “the collaborative advantage.” Collaboration is being recommended for applications ranging from relationships between individuals to relationships between organizations to relationships between and among nations.
What is collaboration? Where does it come from? What does it mean? Where is it going?
Collaboration is the most promising approach for building productive, long-term relationships, both personal and professional. As an approach, collaboration is based upon interdependent needs. To be interdependent, the needs of one individual do not have to be exactly the same as the needs of another; they must, however, be so aligned that when one individual benefits, both benefit, and if one individual is harmed, the other is also harmed.
The perception of interdependent needs allows for (1) a driving motivation to achieve an optimal return for both, or all, parties involved; (2) a high level of implicit trust; and (3) a sharing of power. The seller and the buyer must have this collaborative mind-set to be successful.
Where did collaboration come from as a term, as a concept, and as an approach for building productive, long-term relationships? If you search through books and articles from 20 years ago, you will find no mention of collaboration other than in reference to musical composers. Under the headings of conflict resolution, negotiation, interpersonal communication, professional selling, management, and leadership, there is no mention of sharing power, no mention of interdependent needs, and no mention of collaboration.
Twenty years ago Acclivus R3 Solutions launched an intensive, ongoing study of relationships in the workplace. The initial focus for this study was the process of negotiation, particularly business-to-business negotiation, between a sales or consulting professional and a customer or client. The study evolved into an effort to determine (1) the optimal form of a working relationship and how to build it, (2) methods for preventing damage to the relationship during negotiation and conflict resolution, and (3) approaches for strengthening the relationship through the negotiating process.
What Acclivus R3 Solutions discovered was a form of working relationship vastly more productive than competition, and with potential considerably beyond that of simple cooperation. We discovered collaboration—a higher level of relationship, communication, and negotiation.
Collaboration is the best approach, not for every individual or organization and not for every relationship, but for those individuals and organizations that want to work together as partners toward the achievement of optimal results.
Collaborative relationships are built, not simply formed, and alignment of needs requires continuing effort. Most of us have more experience as competitors than as collaborators, and there is a strong tendency to follow our competitive instincts—especially under pressure. Because collaboration is a relatively new way, it is not always the most comfortable or natural way.
Collaboration, though, provides us with the opportunity to escape the bounds and limitations of the traditional supplier/ customer, consultant/client, and manager/individual contributor relationships. Collaboration is truly working together. In order for salespeople, sales teams, and companies to be successful in this new environment, we must focus on building and achieving a true collaboration between ourselves and our customers. With this mind-set, instead of being perceived as one of many vendors, you are seen as a collaborative partner, changing the way you do business.
 
 
Name: Randall K. Murphy
Company: Acclivus R3 Solutions
Web Site: www.acclivus.com
Biography: Randall K. Murphy is the founder and president of Acclivus R3 Solutions, a global performance development and consulting organization. He is the primary author and architect of the 17-program integrated curriculum utilized by clients of Acclivus R3 Solutions. He introduced the concept and application of the word cocreate and gave the word collaboration meaning in the organizational workplace. He conceived the Consultative Approach and has taught more than 30,000 professionals and managers in workshops worldwide.
Leading organizations in more than 80 countries worldwide rely on Acclivus R3 Solutions to assist them with the training of their sales, support, and service professionals, managers, and executives.
Selling Philosophy: The Consultative Approach
Target Industries: Computer hardware and software, consulting and financial, telecommunications, medical equipment, manufacturing, consumer products
Best Sellers: R3 Sales Excellence, Inside R3 Sales, Acclivus Sales Negotiation, R3 Service, R3 Strategic Sales Presentations, Acclivus Coaching, R3 Interaction, MAPS (Major Account Planning and Strategy) TP&M (Territory Planning & Management), AIM Services
Sales Tip One: First diagnose, then prescribe.
Sales Tip Two: Plan your opening; the opening sets the stage for the entire meeting.
Sales Tip Three: Qualifying is forever; anything and everything can change.
Product One: R3 Sales Excellence
Product Two: R3 Service
Product Three: Acclivus Sales Negotiation and Dr. Azul (online follow-through)
Chapter 2
Living Your Vows in a Whirlwind Economy
Seleste Lunsford
AchieveGlobal



In today’s economy, selling needs to be more like a marriage and less like a whirlwind romance.
The concept is fairly basic: Predictable long-term revenue growth requires enduring, mutually beneficial customer relationships.
The challenge lies neither in grasping that point, nor in popping the question, but in doing what it takes to live up to your vows.

• FIND THE RIGHT CUSTOMERS

To reach and exceed their revenue goals, salespeople need customers who value what you sell—which is ideally expressed in a clear value proposition. Whether product-centered (“We sell world-class widgets”) or service-centered (“We grow your business”), a value proposition—like a marriage proposal—frames the kind of relationship you want.
Yet a recent AchieveGlobal study found at least two trends that complicate your customer relationships. Increased competition has made commodities of many products and services, and savvy customers now rely on arm’s-length buying models—requests for proposal (RFPs), reverse auctions, procurement teams, and others. To weather these challenges, it’s important to segment and prioritize customers based on the value they find in you, not just the value you find in them. Then sift this data for the specific customers most likely to value what you sell.

• DEFINE A RELATIONSHIP PROCESS

Even among organizations that sell on price or convenience, few realize long-term success without equally long-term relationships. Our study found that leading sales organizations now support these relationships by matching salespeople to specific market segments, allocating resources to the best opportunities, and leveraging multiple sales channels, such as distributors and e-commerce.
In addition, these organizations often tailor a relationship process for each customer segment. As a result, they’re far more likely to send the right salesperson to the right customer to generate the right return.
Relationships thrive or fail based on defining moments in every customer interaction. Make these moments positive with a relationship process that matches your activities and resources to the buying patterns and expectations of each market segment. A tailored process benefits customers through your solution, of course, and equally through the expert counsel of your salespeople. The process benefits you through longer-term revenue streams and protection from competitors and price pressures.

• BUILD A WELCOMING HOME

Customers tend to stick around when your house is in order. A welcoming home begins with a coherent sales strategy that tells everyone what to sell, to whom, and how to sell it. A mismatched sales culture or support system can sabotage even the best-laid strategy.
At the heart of your sales culture, values and beliefs drive decisions, activities, motivation, performance, and turnover. Even so, our research found that mergers, acquisitions, other big changes, and related short-term thinking can crush the effort to maintain long-term customer relationships.
Promote the needed values and practices by making relationships a strategic centerpiece and by making learning and development a cultural norm. Once your team agrees on the beliefs that guide decisions, reward information sharing and celebrate success.
Like cultural challenges, overwrought systems and policies can weaken customer relationships. For example, if you think your customer relationship management (CRM) or sales force automation (SFA) software hasn’t lived up to the hype, perhaps people simply don’t know how to use it.
To remove systemic obstacles, streamline your market, territory, account, opportunity, and sales-call planning. Align compensation and incentives to strategy. Recalibrate coaching and performance management to support desired behaviors. Find and use effective CRM or SFA software. Finally, select or create essential collateral, return-on-investment (ROI) calculators, and other selling tools—and deep-six the rest.

• LEARN FROM EACH OTHER

Strategy, culture, and systems support customer relationships. Building relationships requires salespeople who can demonstrate knowledge in a number of areas that affect the customer’s perception of them and of your organization:
• Global and national business issues
• Industry trends and events affecting you and your customers
• Product features and benefits
• Customers—both organizations and people
• Each stage of your relationship processes
• Politics in the customer’s organization
Help everyone see the wider context and nitty-gritty details for each market segment. The payoff is nothing less than mutual understanding, without which no customer relationship can survive. Besides applying this knowledge, salespeople need to be obsessive about maintaining each customer relationship. Support that daily effort by giving salespeople the “why” behind your expectations. Provide frequent developmental opportunities, and then recognize and reward the desired behaviors. Just as critical, give people the skills to cultivate long-term relationships—not only in-the-moment sales skills, but prospecting, presentation, negotiation, service, strategic, and other skills as well.

• TO HAVE AND TO HOLD

While it’s mainly salespeople who interact directly with custo...

Table of contents

  1. Title Page
  2. Copyright Page
  3. Dedication
  4. Acknowledgments
  5. Foreword
  6. Introduction
  7. Your Past and Present Hold the Key to Your Future
  8. Chapter 1 - Collaboration
  9. Chapter 2 - Living Your Vows in a Whirlwind Economy
  10. Chapter 3 - Ninety Percent of All Sales Force Training Fails
  11. Chapter 4 - Eleven Telephone Tips to Effectively Reach Out and Touch Others
  12. Chapter 5 - The “At-Leaster” Phenomenon
  13. Chapter 6 - Confronting the CRM Challenge
  14. Chapter 7 - Rethinking Sales Success
  15. Chapter 8 - Selling for the Independent Professional
  16. Chapter 9 - Ten Tips for Convincing the Buyer to Pay More
  17. Chapter 10 - How to Sell a Pencil—and Your Product or Service
  18. Chapter 11 - Cultivating Endless Referrals
  19. Chapter 12 - Twenty-One Ways to Increase Sales This Year
  20. Chapter 13 - The Psychology of Persuasion
  21. Chapter 14 - The Virtual Presentation
  22. Chapter 15 - Do You Have an Effective Closing Strategy?
  23. Chapter 16 - Sales Manager or Administrator?
  24. Chapter 17 - Uncover Sales Opportunities
  25. Chapter 18 - How Can I Wow the Audience When Speaking?
  26. Chapter 19 - The Good Life Rules
  27. Chapter 20 - Five Traits of a Great Sales Leader
  28. Chapter 21 - Reconstructing the Pieces of the Sales Puzzle
  29. Chapter 22 - Manage Salespeople as You Would Invest
  30. Chapter 23 - The Amazing Power of Testimonials
  31. Chapter 24 - Want More Sales? Stop “Selling” and Start Helping Clients Succeed
  32. Chapter 25 - Your Next Job Interview
  33. Chapter 26 - Nine Biggest Mistakes Salespeople Make in Their Presentations
  34. Chapter 27 - Seven Cold-Calling Secrets Even the Sales Gurus Don’t Know
  35. Chapter 28 - Learn More, Sell More
  36. Chapter 29 - Are You a Sales Rock Star, or Just a Member of the Band?
  37. Chapter 30 - Selling Professional Services
  38. Chapter 31 - Dealing with Unreturned Phone Calls
  39. Chapter 32 - Engaging and Defeating Competition
  40. Chapter 33 - How to Double Sales in 12 Months Flat
  41. Chapter 34 - Developing the Thank-You Note Habit
  42. Chapter 35 - Escaping the Price-Driven Sale Selling to Clients at a Premium
  43. Chapter 36 - Creating Client Value
  44. Chapter 37 - Selling through the Eye of the Buyer
  45. Chapter 38 - Building a Bridge between Service and Selling
  46. Chapter 39 - Developing and Implementing a Structured Sales Process
  47. Chapter 40 - How to Present with Mastery, So People Take Action
  48. Chapter 41 - Biggest Time Wasters for Salespeople
  49. Chapter 42 - The Key to Growing Your Sales
  50. Chapter 43 - How, What, and Why Projects Fail
  51. Chapter 44 - Making a Difference
  52. Chapter 45 - How to Overachieve
  53. Chapter 46 - How to Make Successful Cold Calls
  54. Chapter 47 - Create E-Mail Subject Lines That Draw Prospects In
  55. Chapter 48 - The Sales Funnel
  56. Chapter 49 - Having a “Great Meeting” Is Not the Objective
  57. Chapter 50 - “Referrals” Are a Waste—Introductions Are Golden
  58. Chapter 51 - Increasing Sales Quickly
  59. Chapter 52 - Seven Myths and Misconceptions about Top-Performing Salespeople
  60. Chapter 53 - Magic Moments in Selling
  61. Chapter 54 - Truth or Delusion
  62. Chapter 55 - Buying Decisions
  63. Chapter 56 - Your “Needs” May Not Be Your “Rights”
  64. Chapter 57 - The Real Secret to Effectively Enrolling and Selling
  65. Chapter 58 - Qualifying Your Sales Process
  66. Chapter 59 - Selling to VITOs (Very Important Top Officers)
  67. Chapter 60 - The “Book Yourself Solid” Simple Selling System
  68. Chapter 61 - Managing Sales Success
  69. Chapter 62 - Value Clarity
  70. Chapter 63 - Selling in Harder Times
  71. Chapter 64 - Advanced Questioning Techniques
  72. Chapter 65 - Sales Coaching Increases Sales Performance
  73. Chapter 66 - Mismanaging Expectations
  74. Chapter 67 - Use Social Dynamics to Control Sales Appointments
  75. Chapter 68 - The Successful Sales Formula
  76. Chapter 69 - The Up-Front Contract
  77. Chapter 70 - How to Write a Winning Proposal
  78. Chapter 71 - The 11 Biggest Sales Lies
  79. Chapter 72 - One Great Opening Is Worth 10,000 Closes
  80. Chapter 73 - Life = Sales
  81. Chapter 74 - What Are the Biggest Sales Presentation Mistakes That ...
  82. Chapter 75 - It’s Not a Numbers Game, It’s a Game of Numbers
  83. Chapter 76 - Optimizing Sales Leads
  84. Chapter 77 - Unmanaged, Telling Tensions Cost You Sales
  85. Chapter 78 - Twelve Things Your Buyers Want Other Than Lowest Price
  86. Chapter 79 - No Thanks, I’m Just Looking!
  87. Chapter 80 - The Keys to Successful Pipeline Management
  88. Chapter 81 - Superior Sales Management
  89. Chapter 82 - Jump-Starting a Stalled Sales Opportunity
  90. Chapter 83 - All Salespeople Use Scripts
  91. Chapter 84 - Top 10 Reasons Sales Managers Fail and What to Do about It
  92. Chapter 85 - Become the Duke or Duchess of Dialogue
  93. Chapter 86 - Is Your Customer Base at Risk?
  94. Chapter 87 - Become a Champion Performer
  95. Chapter 88 - Timeless Truths in a 2.0 Sales World
  96. Chapter 89 - Your Best Sales Year Ever!
  97. Chapter 90 - More World-Class Sales Training Resources
  98. About the Authors
  99. INDEX

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