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Elite Sales Strategies
A Guide to Being One-Up, Creating Value, and Becoming Truly Consultative
Anthony Iannarino
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eBook - ePub
Elite Sales Strategies
A Guide to Being One-Up, Creating Value, and Becoming Truly Consultative
Anthony Iannarino
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About This Book
Accelerate your sales career with this how-to book from an expert in sales
In Elite Sales Strategies, expert sales leader Anthony Iannarino offers his philosophy about becoming a commercial success. This guidebook provides unique insights into how to approach every sale by serving your clients from a position of authority and expertise. As Iannarino himself notes, this technique speaks to an ethical obligation towards your client, combining ethics and tactics to help place you in a position where your strengths can be fully utilized.
This guidebook suggests putting yourself in a "one-up" position, where you, as the salesperson, come to a client in a position of authority and strength, where you yourself are qualified to offer nuanced and helpful advice to companies that have put themselves in a "one-down" position, whether that be by bad decision-making, poor understanding of the marketplace, or bad luck. At its heart, this book suggests you find the advantages that you can provide that will, in turn, help your client become "one-up" themselves in their own field and ensure they achieve the better results they need. In addition, Elite Sales Strategies provides readers with:
- A step-by-step approach for how to become "one-up" yourself and what you provide to your clients
- A healthy analysis of what makes a person or a company "one-down" and tips on how to course correct
- Strategies, tactics, and talk tracks that will provide you with what you need to become "one-up"
- Terminology and vocabulary so that you can approach your client with tact and decorum while still addressing the weaknesses of their system
As a successful international speaker, author, and sales leader, Anthony Iannarino brings a unique set of skills to bear in this book. Iannarino's tried-and-true methodology is an ideal resource for sales professionals in all fields, as well as for executives and managers looking to improve their sales success and position within the business world.
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1
The Modern Sales Approach
The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.
âAlvin Toffler
Professional selling has evolved over the past 75 years or so and using the modern sales approach is the best way to show that you're One-Up. Despite this, two older approaches, legacy laggard and legacy solutions, are still practiced. One reason you may be One-Down is because you are using a legacy approach to selling, one that is ill-equipped to create better outcomes for your clients. Here, we'll look at why the legacy approaches can hold you back, and how the modern approach can help you become One-Up.
The Legacy Laggard
Even the most recent strategies and tactics you find in the legacy laggard approach are now more than fifty years old, with some elements dating all the way back to the 1920s. They're built on the concept of information disparity, the idea that because your client was lacking information about your company's products or services, they needed to meet with a salesperson to learn what is available. As you will learn in Chapter 3, this disparity allowed salespeople to take advantage of the customers.
The fact that the prospect needed to buy something the buyer was selling made the interaction transactional, like many business-to-consumer purchases, but transactional models don't create the right level of value for B2B sales. Legacy laggard salespeople are trained to find âthe decision-maker,â the single person with the authority to decide to sign a contract and ensure payment, overcome their objections, and make the sale. That process started by answering âwhy us,â with the salesperson attempting to prove credibility by talking about their company's strengths and history to persuade the prospective client to buy from them. Because prospects in the 1950s and 1960s couldn't simply browse the company website, the salesperson also provided them with particulars of their company's products and services. The value of the conversation was limited to the products and services the sales organization provided, as they were central to making a sale. In fact, if you still start your sales conversation by talking about your company and your products, that strategy is pure legacy laggard. One of the main tenets of the legacy approach was to refuse to provide âfree consulting,â an idea that not only reduces your value but prevents you from being One-Up.
Legacy Solutions
As the environment changed and companies demanded more from their suppliers or partners, labels that suggested a greater obligation than one might reasonably expect from a vendor, the new legacy solutions approach provided greater value to both the customer and the sales organization. The major shift in this period is best illustrated by the idea of discovery. Instead of the salesperson just sharing information about products and services, the first conversation morphed into a series of questions designed to find the prospect's dissatisfaction, their pain point, or their hot button. These conversations wereâand areâ still more valuable than the legacy laggard approaches. If your sales conversations focus on finding a problem that fits your company's solution, you're still using a legacy solution approach.
Salespeople who used a legacy solution approach still tried to answer âwhy us,â but they added âwhy our solutionâ to the mix. As solutions grew more complex and became more critical to a company's business results, the decision-maker gave way to the buying committee or task force, the group of people charged with deciding what to buy and from whom. Not only would the salesperson have to overcome objections, but they'd also be required to provide proof that the solution would work for this particular client. In a legacy solution approach, the solution is the value, and the salesperson provides value by solving the client's problem, getting us about halfway to an approach that is consultative.
Before we go any further, please don't worry if your approach is cobbled together from both legacy approaches. I used both models myself early in my career, and they were genuinely useful before rapid market changes caused me to adapt a more modern approach, focusing on creating enough value to win deals.
The Modern Approach
The modern approach is consultative, requiring much more of the salesperson. Modern contacts, stakeholders, decision-makers, and decision-shapers need salespeople to create greater value (read: more help). No client finds value in a conversation that doesn't help them improve their decisions and their results.
The focus of the sales conversation is no longer âwhy usâ or âwhy our solution.â Instead, it's now about âwhy changeâ and âwhy now.â Instead of relying on your company and your solutions for your credibility, trusting you can create value in the sales conversation, the modern approach requires arming yourself with insights and a certain perspective on what your client needs to do to improve their outcomes.
Because you already know what problems the companies you call on are experiencing, instead of helping the client to identify a need or a problem that needs solving, the modern approach starts by helping your contacts understand their worldâone often marked by dissonance stemming from the constant, accelerating, disruptive change in their environment. By explaining the nature of their contacts' challenges, the One-Up salesperson helps them recognize the need to do something different and provides them with the ability to improve their results. It's important to note that none of these outcomes require you to mention your company, your products, your services, or your âsolutions.â
When your clients need significant change, that decision isn't going to come from a traditional decision-maker or a buying committee. The larger and more strategic the initiative, the more you are going to need something closer to organizational consensus. Instead of objections, you find your contacts with real concerns that speak to their uncertainty, which often paralyzes them and prevents them from moving forward. Being One-Up is required to resolve those concerns and create certainty around doing what is necessary to improve your client's position.
As the (One-Up) person best positioned to guide the (One-Down) client to the better results they need, you must lead them. We'll cover some leadership tactics later, but for now, know that your insights include which conversations your stakeholders need to have to make the best decision for their company. You can think of this as an agile, facilitated, needs-based buyer's journey. While the legacy approaches treated the sales conversation as linear, a straight line from Target to Closed/Won, the modern approach accepts that both sales conversations and decision-making are now nonlinear, requiring the agility enabled by being One-Up.
True Confessions of a Legacy Salesperson
I started making cold calls for a nonprofit when I was fifteen years old. After two weeks, I found a much better job at a skating rink, so I quit. During that two-week period, I had scheduled two eventsâtwo more than all of my coworkers combined. There is no way that I was especially good at the work; my success was due to my work ethic and my ability to suffer without complaint.
Not too many years later, when I was forced into an outside sales role, I was taught and trained to present my company by walking the client through a huge binder that was designed to answer both classic legacy questions: âwhy usâ and âwhy our solution.â I literally read the binder to the poor, suffering souls who were too polite to throw me out of their office. One prospect was basically catatonic when I left her office. I really hope she had a good health plan.
When the $4 billion company I worked for decided to train me, they taught me to ask my prospective clients for a single order, the old âget the camel's nose under the tentâ strategy. (It's cold in the desert at night, and when you allow a camel to put his nose under the tent, you end up with a not-so-cuddly animal sleeping next to you.) In a role play, however, I tried to convince the regional vice president to give me all of her orders. After the exercise, I was taken into another room and told that I would no longer be allowed to participate in the training. The regional vice president was concerned that I was âscaring the salespeople who were afraid to ask for an order.â My manager laughed at the situation, as we had fun taking over entire accounts, preferring to acquire clients instead of orders. It would take me nine full years of sales before I was able to help my clients adjust more than the name of their supplier. Eventually, though, I found my way to One-Up, and I haven't looked back.
Being One-Up is vital simply because there is no reason for a client to ever take advice from someone in the One-Down position, especially when it comes to making important decisions and pursuing better results. What value is a salesperson who knows less than the client they are trying to help? In Nancy Duarte's excellent book Resonate, she suggests that your client is Luke Skywalker while you are Yoda. Your client is the hero, albeit one who is rather clueless, presently inadequate for their mission, and a bit of a fixer upper. You, however, have greater experience and the ability to provide the help your clients need.
Personally, I prefer Obi-Wan Kenobi to Yoda; maybe it's the white beard. In either case, you have to provide insights that allow your client to succeed in their mission. The starting point for making a One-Up sale is demonstrating your expertise in the sales conversation with your prospective client, leading with the insights your contacts need. You need not worry about sharing your insights or providing risky âfree consulting,â as it's far riskier to pursue a legacy approach. Besides, you are going to teach your client everything they know, but not everything you know.
How Your Client Knows You Are One-Down
There are a number of obstacles to becoming One-Up. The first obstacle is an unawareness of the plan necessary to execute the strategies and tactics that make up this approach. Without a complete approach to the One-Up strategy, it is more difficult to execute. Your client will recognize your One-Downness by your approach. When you open a conversation by sharing information about your company, for example, you have already demonstrated that you have nothing more valuable to share. When what you share creates no value for your client's future results, you are One-Down.
The desperate attempt to build rapport at the beginning of a conversation with your prospective client also broadcasts your One-Down desperation. The new rapport in sales is a business conversation. The more you need a deal, the more you present yourself as One-Down. If you are really desperate, you might be Two-Down, knowing even less than those who are One-Down. The nature of your conversations and your questions also provides evidence of your One-Downness. When you ask your client questions about the problems they are having, you prove you are an amateur. How could you not already know what kind of problems and challenges your client might be experiencing? And even beyond that, not starting with a theory about why, what, and how your prospect should change means you are One-Down.
Here is a simple test to determine if you are One-Down: Does the client benefit from the conversation more than you do?
There are other tells that prove you are in the One-Down position when compared to your contacts. The more you comply with a process that is being driven by your contacts or their company, the more certain it is that you are One-Down. When your prospective client sends you an RFP and you respond, you have shown that you are subservient, servile, compliant, and worst of all, One-Down.
By the way, the One-Up approach to an RFP would start with a call to the person who sent it so you can explain that there is no way you can answer their questions and still show them how companie...