Archive for the 'sales and selling' Category

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Buying Rechargeable Batteries

I needed to buy some rechargeable batteries today. I thought about stopping into a store to buy them, but then I realized, I didn’t really know where to buy them. Radio Shack? Best Buy? CompUSA? Circuit City? Fry’s?

So, I came home from lunch and started with Amazon.com, mainly because I have an unused gift certificate there. Amazon’s great for some things, but finding products that you aren’t sure of how to search for, it’s not. Search for “rechargeable batteries” and you mainly get results for camera batteries, with a few normal sizes like “AA” or “C” but try as I could, I couldn’t find the chargers for “D” cell batteries, which is what I really need (the 3 month old’s toys go through batteries like a seive).

I turned to Google next, and viola. I found BatterySpace.com. Not only did BatterySpace.com have all of the batteries I might ever want to buy, but their Battery Knowledge page tells me what I need to know about the batteries I’m buying. They also have a couple of decent charging options.

So, I just ordered a new charger, with a multi-pack of different batteries, and 8 extra “D” cell batteries.

I like their site, and will let you know if the batteries are worth anything after I receive shipment.

(This post is posted for the benefit of other new parents, or soon-to-be parents looking for rechargeable batteries).

Cold Calling

I struggle with cold calling. As a professional sales person, selling large dollar amounts, I struggle with cold calling. Why? I don’t know, but I do know that cold calling sucks… but it’s a part of my job.

So, I read this cold calling article with interest.

Cold calling doesn’t suck because I hate doing it, but rather because I feel like as I move up the foodchain in the sales process, cold calling gets harder and harder, as the people I’m trying to talk to are harder and harder to reach… that’s all. I actually enjoy getting ahold of someone and learning more about their business, I just hate leaving messages, and having to call back again and again. Maybe I need to figure out how to break through the clutter somehow.

Ding!

Ding! is dangerous. Very Dangerous.

Ding! is Southwest Airlines latest push into the consumer’s life. It’s a desktop application that alerts you to Southwest’s latests travel deals, and it’s wonderful marketing.

This is user invited desktop travel advertising at it’s best folks. I trust Southwest because I’ve never had a bad experience with them. Ever. I downloaded the application because I trust Southwest. I bought 2 tickets on Southwest based on today’s “Ding! deal” that I probably wouldn’t have bought other-wise (we’d have driven) within 20 minutes of downloading the application.

Do not download it, if you like to travel, but don’t like to spend money.

Great job Southwest.

Ding!

Selling to Introverts (online)

Bryan Eisenberg just wrote a fantastic article on MakingAdWork about selling online, specifically to introverts:

We must understand and be prepared to sell to introverts the way they want to buy. Typically, introverts require a large amount of information. Questions should be answered systematically, in the order they would arise.

The point of resolution is important. Understanding this helps you develop your site as a conversation tool. If you’ve developed your personas correctly, you can anticipate visitors’ questions and answer them appropriately, in the correct time and sequence. Visitors will likely click until they find enough information to feel as if they tried out the product or service in the inner recesses (i.e., pre-frontal cortex) of their minds.

Read the whole article. It’s a short read, but worth it, if you’re in the business of selling on the web.

Opening a Sales Call

I’m reading a book right now (actually I’ve read it, now I’m re-reading it) for tips on opening a sales call.

The book is SPIN Selling by Neil Rackham of Huthwaite, Inc. It’s a good book on making large sales, which is refreshing, as I’m selling larger solutions now than I have done in the past, and every bit of training or sales advice I’ve ever received or read has been focused on small sales.

So, on “opening a sales call” effectively their advice is basically:

1. Get down to business quickly
2. Don’t talk about solutions too soon
3. Concentrate on questions

A telling sentence from this chapter (Chapter 7) is this quote:

“Often, when I’ve been traveling with salespeople, I’ve noticed that they waste time before a call worrying about how they should open it when they could be using that time far more effectively to plan some questions instead.”

It’s also telling that in this 200 page book, only 8 pages (7 and 1/2 really) are dedicated to opening a sales call.

Yep, that’s exactly what I’m doing right now: worrying about how to open a call. Silly me.

So, now I’m off to plan some questions and make the cold-call.

Thanks Neil for keeping me on track, and look for more on this weblog about selling the big client/sale in the future as I learn more.

Defining Yield Management

At the office, I’m having to define “Yield Management” as a business model.

I found a few good resources on the web by searching Google, and this Google Answer was a big help.

I found a lot of different definintions, and this is the simplest one I could find:

Yield Management is extracting the maximum amount of revenue from a fixed quantity of perishable goods and/or services.

These other definitions weren’t bad, and I want to remember them as well:

Yield Management – A pricing model that aims to maximize the yield to the seller by charging buyers different prices according to the value they place on the purchase. Also known as Value Pricing. This is common in airline ticket pricing as business travelers have less elastic demand for tickets than leisure travelers and hence will pay higher prices for the same ticket.

Yield Management – Based on real-time demand forecasting by market micro-segment and an optimization model, Yield Management (also known as “Revenue Management” or “Real-time pricing”) is an economic technique to calculate the best pricing policy for optimizing profits generated by the sale of a product or service, based on real-time modeling and forecasting of demand behavior per market micro-segment.

Academic Definition:
“systems & procedures to maximize results from the sale of a product or service in more or less fixed supply whose revenue producing ability diminishes with time.” Dr. Warren Lieberman of Veritech Solutions Inc.

Conceptual Definition:
“Revenue Management is the art and science of predicting real-time customer demand at the micromarket level and optmizing the price and availability of products.” — Robert G. Cross, Author of “Revenue Management – Hard-Core Tactics for Market Domination”

Simple Definition:
Revenue Management means selling the right advertising space to the right advertiser at the right time for the right price and the right length of time.

In my mind, yield management is an important concept in sales of a limited inventory of products, and should be practiced if you sell anything that’s limited in availability. Others, such as American Airlines, have proved that yield management can greatly contribute to the bottom line of an organization. (Yield management earned them $1.4 Billion between 1989 and 1991) when they pioneered the technology.

Yield management techniques in pricing online advertising space can greatly increase the profits of online publishers by creativing demand, sustaining value, and growing profit, if applied correctly.

My Philosophy on Sales [People]

This is how I look at the profession of sales and sales people and life in general:

Everyone on this planet is a sales person.

I firmly believe that this world is driven forward by the actions of good sales people, selling their product, be that product themselves, their ideas, or a tangible product or service.

All of us are sales people, but some of us are better than others. Some of us have more passion for sales than others. Some of us have better products than others. Some of us can deliver our passion for our products better than others.

The better sales person out there… is the mid-level manager that pushes a new idea to his boss, so that his department can be more successful.

The better sales person out there… is the guy that gets angel funding for the next ‘great idea’ for a business, regardless of what that idea is.

The better sales person out there… is the young woman that lands her dream job right out of college.

The better sales person out there… is the stay-at-home mom that gets her kids to ‘just be quiet for a moment’ so she can take care of the family finances more easily.

The better sales person out there… is the single dad of two who talks his boss into sponsoring his kids’ soccer team for the season.

The better sales person out there… is the sales guy that determines his customers needs before pitching a product to his customer.

Each of us are sales people, regardless of our title or role in an organization (and some of us are better than others).

If you think of every little interaction you have with others as an opportunity to sell that other person on your idea, your product, or yourself, you’ll like be more successful in life, no matter what you are selling or what you consider success. Becoming a better sales person is something all of us should strive for.

More Lessons for the Job Seeker

This post is a follow up to my original Some lessons for the Job Seeker post from August of 2003.

I’ve been interviewing to fill a vacant position in my sales organization over the past few months. The position has been advertised for about two months now. I’ve received about 100 resumes and have personally screened every single one of them. Something I’ve found frustrating and interesting at the same time is that 95% of the resumes I’ve received tell me about people that don’t have all of the requirements for the job opening as posted in the advertisement.

You know what that tells me? Lots of people aren’t qualified for the jobs that are being created out there. Lots. That, or the people I really want aren’t a) hearing/reading about the job opening I have or b) aren’t interested in the position. Or, very possibly (probably most likely) I’m asking for too qualified an applicant than I’ll get from an advertisement. I probably really need a personal reference to get the ‘perfect applicant’. Either way, the result is the same for the job seekers who have been sending me their resumes. 95% of them are all equal in my eyes. They aren’t fully qualified, but some of them have better qualifications (on their resume) than others.

So, I’ve been doing a lot of phone interviews. I’ve probably called 50% of the applicants to the position.

I’m also doing a lot of in-person interviews, because I need to see and talk to the people that are interviewing for the outside sales position I have open. I need to talk to them so I can fully explain the job, the company and the oppotunity I have for them. I generally spend and hour and a half with the promising interviewees and less than 30 minutes with the ones I can tell aren’t going to make the final cut. I’ve learned a few things and hope me passing them on here will help someone:

When interviewing for a sales position specifically, and for just about any position, keep these ideas in mind.:

1. Bring a copy of your resume to the interview. Bring 2 or 3 if you can, just to be safe.

Print out your resume on the nice pretty paper you want to use (though honestly if the paper is white and good quality, I’ll like the paper better than if it’s beige or pink or has ruffles), all formatted in the format you’d like it to be seen in, and bring it to the interview for me.

All but 2 of the resumes I’ve received from applicants have come in through some-sort of online application. Either emailed directly to me, or forwarded through a job-board. None of the resumes coming through an electronic application system are presented well. They’re readable, yes, but they look like crap, and span two or three pages when printed from Outlook. Sometimes the characters in the resumes weren’t ASCII text, so the pretty bullets the person used in Microsoft Word got translated to question marks when copied and pasted into a form online and then emailed to me, the person responsible for hiring. So, those applicants that bring me a nice pretty resume and give it to me at the beginning of the interview always get a leg up on the other applicants for at least 5 minutes. It shows me that they care about the impression they make on me. That’s important in sales (and in most other jobs).

2. Dress Sharply.

I’ve said this before, but wear a damned suit if you a guy or nice business attire if your a woman. I don’t care what the job is, it almost never hurts to over-dress for a situation, but almost always hurts to under-dress. I personally wear a suit to the office every day, and if I’m wearing one when I shake an applicants hand, and they’re not even wearing a tie, it immediately makes them feel badly. I’ve had two applicants tell me “I honestly wish I’d have dressed up more for this interview” while in the interview with me. I don’t make an issue of the situation or their dress in the interview, but in my head, when they’ve said that my first thought was “Well, then why the fuck didn’t you dress better?”

Dress up for that hour folks, it can’t hurt.

3. Ask plenty of questions, or at least ask really damn good ones.

People that aren’t good at interviewing will talk a lot. I’ve caught myself talking waaay too much in interviews. I’ve let the interviewee take control of the interview, and that helps elevate the interviewee in my mind. Take your cues from the person interviewing you (if they don’t like a lot of questions, don’t ask too many, but ask good ones. Here’s the scenario I’m in as a hiring manager: I’ve interviewed 25 good applicants in person. I can honestly only remember two of the interviews right this second without my notes.

Those two applicants too control of the interview (as much as they could) and asked a lot of really good questions. I remember them for two reasons: a) I am looking hire someone with good in-person sales skills and b) I feel like I need to know more about those two people so I can decide which one I want to hire. The other 23 applicants I’ve interviewed in person don’t stand out enough in my minds for some reason, and I have to believe it’s because they didn’t ask enough questions to know if they wanted (or could do) the job I need done or they didn’t ask the right ones.

“Needs analysis” is a big part of consultative selling (which is what I like to see in my employees that are in sales) and those two applicants did it well.

4. Be enthusiastic

I’ve interviewed two people in person that sounded great on the phone, but turned in to duds in person. I understand being nervous. I’ve been there (all of us have). I can empathize with people that might not be at the top of their game during the interview (we’ve all had bad sales calls). Waht I can’t accept is pure apathy. I can’t accept or enjoy someone that doesn’t seem interested in the job during the interview and then ask for the job at the end of the interview.

In sales (which is what every interview is) you have to know when to ‘ask the customer to buy’. In an interview that step is the “I really want this job” statement from the applicant. It’s the pistachio in the ice-cream. If you act like melted ice-cream during a 30-45 minute interview and then all of the sudden throw a pistachio at me, I’ll probably just spit it out, because the ice-cream was mushy. Act like you’re interested even if you’re not. I’m the one with the job to offer and you’re the one looking. Act like you’re interested in it and you might get the offer. If you don’t act interested, you won’t.

5. Be prepared for a second interview. Don’t reschedule it after it’s scheduled.

I want to hire the right person the first time I fill a position. So, I’m going to have a second interview with the truly qualified applicants. I’m going to have someone else interview them for me… maybe role-play a sales call… maybe just come in and say hi. It’s going to happen. If you want the job, don’t re-schedule the second interview. That’s the one where you’ll get the job offer (it might not happen until the third or fourth interview).

If you reschedule the second interview, where I’ve got two other people lined up to talk to you, you’re hurting your chances. Not with me, but with those two other people that might be talking to you. They’ll probably remember that you bailed on the first one (for them) and their time is probably very valuable to them. Don’t give them a reason to doubt that you know that, especially for a sales job. They’ll think that’s how you’ll treat clients.

6. Don’t try to change the job before you have it.

If the job doesn’t sound like something you want to do, ask more questions to be sure that your impressions are correct. If the job truly sounds like a wrong fit, say so. If you want to do something other than what’s being described and detailed for you, say so in the interview. That position may be open somewhere else, but don’t try to change the position that’s being discuss into something else in the interview. If you’re looking for a career path (let’s say the job opening is for an entry-level position and you’re seeking something that requires more experience, or that you need more pay, say so, but also be prepared for an answer like: I’m sorry, that’s not what we’re hiring for right now, and then make up your mind about the job that’s offered to you, if it’s ever offered). Don’t change the job in to what you want it to be, take the job for what it is, or don’t take it.

7. Be ready to pass a thorough background check.

I won’t go in to too much detail here, but, more and more companies are running complete background checks: drug tests, driving record checks, credit history checks, resume detail verification, and reference checking are all things that you might have to go through after you’re offered a job and before you can start working. Some companies will allow one or two discretionary ‘problems’ to go through the HR department with an “ok to hire” stamp, but some times they can’t. If the job requires driving, have a clean driving record. If it requires handling cash, have a good credit history. If you don’t, give it your best shot, but, if you can, keep your background clean.

Good Reading from February

A few links from the month:

The Internet is Bigger than Cable

Quoting Jeff Jarvis in full (because the information is that important to me:

The Internet is now bigger than cable, according to eMarketer (via MediaPost and LostRemote).

…eMarketer now estimates U.S. household Internet penetration is about 67.9 percent. That compares with a 65.8 percent U.S. household penetration level for cable, according to an eMarketer analysis of Nielsen Media Research and U.S. Census data.
More significantly, Ramsey noted that while cable TV penetration has essentially been flat at about 66 percent of U.S. households, online penetration continues to expand….
ìWow,î said Jes Santoro, vice president-director of integrated media at Earthquake Media, a media shop that buys traditional and online media, upon learning of the online penetration milestone from MediaDailyNews. ìI think it is very significant. But itís symbolic as well.î
ìItís symbolic because it speaks to peopleís media consumption habits,î he explained. ìThink about cable, you kind of have to have it to have it to get TV reception. Itís almost like a utility. But with the Internet, people go out and get it because they want to use the Internet.î
eMarketerís Ramsey agreed, noting that it was similar household penetration milestones that first got cable TV on the map with Madison Avenue during various junctures in cableís history.

Oh, but that’s not the half of it. They’re only counting homes and every single Internet business I know (even Nick Denton’s work-unsafe Fleshbot) sees its prime time at midday, during work, where almost anyone sitting at a desk now has high-speed Internet access.

So the penetration is higher than the numbers above indicate. And the usage is higher.

Internet will get greater mindshare and greater share of the audience’s attention because cable and TV and radio can’t reach them at work, but the Internet can.

Let’s repeat that again: The Internet is bigger than cable TV. And so the Internet should be getting a much bigger share of advertising dollars.

Alas, though… ‘the internet’ is too fragmented to aggregate for media buyers the way cable is aggregated in most markets… Even with cable there are only 300 channels or so for advertisers to split their dollars amongst…

Also see: John Battelle’s SearchBlog and MarketingWonk.

Note to Job Seekers – email address tip

If you’re applying to a job, please keep the email account you’re using to collect responses to your application clean, so you can receive emails from the hiring manager. The fact that I got this message twice from the same candidate’s two different yahoo accounts listed in their resume just took that candidate off my list:

Your message was rejected by mx2.mail.yahoo.com for the following reason:
   delivery error: dd Sorry, your message to [email protected] cannot be delivered. This account is over quota. – mta118.mail.sc5.yahoo.com

Keep your email account cleaned out when applying for a job.

Friday the 13th: Bad Luck

Today was definitely Friday the 13th.

I don’t post about the office on this weblog very often, but today was just one of those days. I’m a sales manager at work, and today, my “star performer” told me she had been offered a job at another company.

That means she’s leaving.

Ugh… can’t tell you how hard that hit me.

You see, I’ve been trying to build a new business around online advertising sales for my company for the past year and a half, and I’ve spent a lot of time teaching, training, and learning. I’ve really put a lot into getting my “star performer” to the level that she’s at right now. When I started at the office, this person was pretty green. I had to mold her into the sales person I needed her to be, and she took it well. Very well, and she’s become successful.

This year, my company gave her an award for improving so much. That made me feel very good about what I was doing and where we were heading.

Then, today, she tells me she’s leaving.

As her friend, I can’t help but be happy for her, and excited about her opportunities… but as her boss, I can’t help but feel overwhelmed and stressed about the pressure this will put on top of all of the rest of the pressure I’ve put myself under trying to build this new part of our business.

We’ll get buy without this “star performer” but this sets up back a step or two for the immediate future.

I’ll post a note on Monday about the opening I need to fill, but, if you know someone in Austin that wants to sell online advertising at a local media company, please send me their resume.

NAA Connections Day Three

The last day of Connections was really just more of the stuff you’ve read in my past two accounts of my experiences at the conference.

I attended fewer sessions on Day Three than I did during the other two days, I think mainly because I realized (or percieved) that I wasn’t really getting anything out of the sessions. The two sessions I did attend on day three really were worth attending though. I attended the Buzz Sessions meetings and a one entitled Registration Revisited. I also spent time meeting with vendors, other online newspaper people from similar markets and clients. This third day was much more enjoyable and productive than the first two…

Buzz Sessions: The Buzz Sessions were five small group discussions with topics like Print to Web (taking newspaper display ads and putting them online), Creating spanish-language websites, Essential website redesign, Multimedia (and how to use it), and one other topic (that I can’t remember). I sat in on two of the five little groups: Print to Web and Multimedia. Both were great little discussions. The overall thing I take away from the meeting was that newspapers are really trying to figure out how to use the distribution channel that the internet is as a way to really transform themselves from just ‘printed newspaper companies’ into ‘content and delivery’ companies. Every size and every shape of newspaper was represented in these buzz sessions and a lot of great sharing took place. On the topic of Multimedia, there are some really cool things going on out there, if you take notice… For example, when SignOnSanDiego.com was putting pictures and movies of the wild-fires that afflicted Southern California this summer… did you know that they found cell-phone camera phones the easiest and most manageable technology solution for getting that content back to the newsroom for production and posting online? Not some $20,000 or $100,000 video set-up. A bunch of stupid $200 cell-phones with cameras built into them and an army of folks to go take pictures. That ingenuity and creativity in this space really amazes me sometimes… cell-phone camera based movies… such a simple solution for web-ready video…

Registration Revisited: Wow! Great presentation and by far the most attended and interesting discussion throughout all of Connections. We heard from Belo Interactive, Tribune Interactive and the Arizona Republic’s online folks… Belo and Tribune are truly leaders in the online registration field. AZCentral just launched ‘lite registration’ last September. Belo and TI have been at it for 4 and 3 years respectively. Belo and TI are just now starting to be able to monetize their registration data effectively for advertisers (and are starting to try and figure out how to use their registration to serve their users/online readers). AZCentral is also just starting to sell advertising based on their registration data. The overall feeling I get coming out of the session was that registration is coming to a newspaper site near you soon. If you’re local news site doesn’t require registration today, trust me when I say that they’re thinking very hard about doing it. Very hard… all of them. And when newspapers do it, I can tell you that TV, radio, and almost all other news-content websites will start following. The leaders are doing it. Their readers aren’t complaining at all (100 complaints in 1.6 Million registrations in Arizona isn’t complaining). It’s coming folks. And I dare say paid premium content online is coming next… It’s already here in some local news markets.

I didn’t attend the presentation on The Transformation of Advertising, though I wanted to. I heard that it was all about how TV is going to change… the person that told me that also said that 99% of the presentation had very little to do with that newspaper companies can do to affect TV advertisers… I guess I’m glad I didn’t go to that one…

I met a lot of great people at Connections, but overall I’m coming away slightly disappointed. My company spent a lot of money to send me out to this conference. I invested a lot of time that could have been spent in front of clients. I expected to really get to learn a lot at this conference, but, in the words of a peer “everything we talked about was ‘old-hat’”. I sat next to the marketing director of a small paper in Arkansas on the way home, and she was very disappointed too. In her words the conference was “more form that substance”.

Will I go to next year’s Connections? Yes, most likely, but only because it’s in Dallas, and I can turn it into a week-long trip to visit clients, not because I think I’ll get anything out of the conference. Can I do something to make the conference better for all attending by joining the planning committees? Sure, I think I could, but do I want to? Don’t know the answer to that.

NAA Connections Day Two

Hmmm… I have mixed feelings about the second day of the NAA Connections meetings… Where should I start?

I guess I’ll start with the fact that the official NAA blog hasn’t been updated to actually reflect anything happening at the conference on Monday. It jumped from Sunday to an advertisement for the Tuesday session. There are any number of reasons for this, but I think a big reason for this is that the whole “we’ll blog the conference” was a good idea, but isn’t really something traditional newspaper people understand, so they haven’t committed to it. For example, they asked people to participate on the blog, but didn’t actually tell anyone the URL or tell them how to add an entry… just a thought. The blog was most likely an addition thrown into the mix at the last minute without any real understanding of how to use it.

Anyways, I attended a few sessions today:

Fighting for Recruitment Revenue – This was an hour or so presentation by Mark Mehler and Gerry Crispin, the guys behind CareerXRoads. Great presentation. Probably the most well presented stuff all day. Gerry and Mark presented the results of their latest study on Hiring Practices (which is supposed to be online here, but isn’t according to Safari… actually, it looks like that’s a redirect to a download of a Word Doc) [Press Release] and interjected their thoughts and answered questions from the audience throughout. Great overview of what Gerry and Mark see as ‘leading indicators’ in the hiring space, and some great actionable information for the recruitment space.

Future Focus: Trends that Will Shape Online Real Estate Revenue (not online anywhere that I can find) – Very good panel. Very good.

Panelists were: Bob Birkentall, Tribune Co. Real Estate Strategy Manager, Robert Kempf, Cape Cod Times Internet Business Development Manager, and Dave Coglizer, eBay. The Moderator was Tony Lee, Editor in Chief and General Manager, The Wall Street Journal Online Network.

The panel presented the 10 trends they see shaping the future of the real estate market. They were:

Trend 1: Home Sellers Take Control – Every aspect of sales will be measured and sales channels that don’t produce sales will get eliminated from the marketing and advertising budgets of home sellers. If an advertising channel’s results aren’t tracked and reported, it doesn’t exist.
Trend 2: Expect Significant Growth in New Property Types – Disappearing boundaries will boost demand for vacation homes, recreation land, time-shares and low-management commercial properties. Ebay is already playing in this field.
Trend 3: Online Brokers will Boost Competition, Cut Commissions, and Weaken the “Realtor” Grip – Data is available to all, propelling the growth of discount brokers, For Sale By Owner sites and other low-cost marketing efforts.
Trend 4: Sellers Demand to Receive Their Own “Home Page” – (now this is a cool idea) – Newspaper sites (and every other medium for home sales) will create ‘portals’ for clients’ homes to help speed the sale process.
Trend 5: Auctioning Homes will become a real alternative – Online auctions will solve sales issues for many types of properties and their sellers. (Dave shared with us an annecdote that “50% of all homes sold in Australia are sold through an auction” noting that it’s just part of the culture there and has been for about 20 years).
Trend 6: RETS is here, while VOWs and IDX systems are already old news – With a data standard emerging, transaction information will flow easily and targeted internet marketing will blossom.
Trend 7: E-commerce replaces call centers as online up sells print – Self Service becomes the preferred online client experience and print emerges as a “premium” opportunity for the advertiser.
Trend 8: A la carte systems embrace online – From lawyers to appraisers to inspectors, the entire home sales process will be faster and cheaper on the internet.
Trend 9: The future of the MLS is fuzzy.
Trend 10: Online Real Estate dominance is still up for grabs – The jury remains out on whether newspaper websites can become the online equivalent of print for most home buyers and sellers.

Competing Against New Threats – What a waste of my time… but not because the content and presentation wasn’t useable, mainly because of the fact that the panelists are probably 10 times more technologically savvy than the newspaper business. The panelists were Mark Pincus, co-founder and CEO of Tribe Networks Inc, Mike Downey, director of business development, Overture Services, and Dan Finnigan, executive VP and general manager for Yahoo! HotJobs.

Mark presented Tribe.net well, but I honestly think 95% of the audience had no idea what he was talking about… Mike told us that Overture wasn’t a competitor to local newspapers, but rather that we were a desired partner, and Dan talked, but about what I honestly can’t remember (he wouldn’t speak into his microphone). My favorite quote from Mark was that “newspapers don’t have a chance in local search”. Whether that’s true or not, I couldn’t tell you, but hearing Mark say it at a newspaper conference was funny. I can tell you that newspapers on a national level don’t have a chance to compete with the likes of Google or Yahoo in the local search market, but there’s no telling that someone out there couldn’t build a model that works in their own market. I could see NYTimes Digital putting together something that worked for Boston, or WPNI putting together a solution for D.C. You just never know, ’till it happens.

Overall, this panel wasn’t very useable… The audience didn’t ask any questions, and that’s always a sign of disconnect between the panelists and their topics, and what the audience is looking to hear. I for one would have much rather heard about how newspapers can compete with the likes of online yellow pages (especially considering that Superpages is really expanding into the local online market again) or ways to compete against HotJobs or Monster rather than hearing about how they ‘want to partner with newspapers’. The topic was “competing” and the panel didn’t deliver.

I will say that it was great to meet Mark at Tribe.net, and I’m hoping we’ll be able to talk again soon.

I didn’t attend two sessions because they ran concurrently to the ones I did attend: Ultra-local Content and Services and Ultimate Election Coverage. These two sessions also seemed to focus on content rather than on advertising, and thus I was more interested in the other meetings/presentations I attended.

I’m really looking forward to the “New Online Business Plans from NAA New Media Fellows” presentation on Tuesday and “Registration Revisited”

Sorry this blog report isn’t more full-featured, but it’s been a long day folks… I sure wish the NAA New Media folks were really blogging the conference, but instead they’re showing that ‘newspapers don’t get blogs’ — something I hear all the time from my friends that know blogs…

NAA Connections Day One

San Diego is a beautiful town to fly into. Wow! And it’s gorgeous to walk through the touristy area close to the harbor too!

I spent the first day at NAA’s Connections today. It was fun… but it was also a long day (nothing like boarding a plane early in the morning, then losing two hours of the day before sitting in conference rooms for presentations).

I attended the Smarter Selling presentation first. The first thing announced was that they’re blogging the conference… and the cool thing is that pretty much all the notes from the presentation are online already. What you won’t read in those notes is that Rusty Coats presented some great stuff very well, that Bruce Kyse is doing some cool stuff in small markets, and that you could definitely tell that Joseph Jaffe isn’t a newspaper guy. Sandhi Kozsuch from WorldNow presented some interesting stuff about what’s happening in the TV-website space too… Overall it was a good session, but honestly, the information presented wasn’t all that actionable… The panel just didn’t have enough time to present and answer questions. In fact, I don’t think there were any questions at the end of the presentation… I wonder why that is?

One thing I found in that presentation that was useful was a link to AdConnections.org. Haven’t heard of that before, and I’m checking it out now… Good collection of Case Studies, and advertising contacts, but egads, the website sort of sucks now that I play with it a bit…

After that, we checked in at registration and then headed to the Opening General Session. Lots of “feel good” talk, and a presentation by Linda Kaplan Thaler, author of BANG! Got a free copy of that book at the end.

Then back to my hotel to check-in. Then back to the Marriot to attend a reception… lots of meet and greet… It’s painfully obvious to me that I don’t know that many people in this industry. I feel very much like an outsider still.

An observation: There is a lot of money floating around this industry… You can tell by how good the bags at the conference are.

Tomorrow brings some great sessions and a few client meetings.

And to finish out this post… does anyone know why I can’t send email using a wireless connection in the Embassy Suites on Harbor provided by Passym?
Continue reading ‘NAA Connections Day One’

Some Style Points for Proposals

I just finished reviewing a proposal that one of my sales reps is sending to an agency and here are a few notes that I sent him… simple stuff, but useful. (Sometimes it amazes me how un-polished people’s Office skills are).

  1. Use ‘tabs’ to space things out in Word vs. spacing things out manually using the ‘space bar’. Using the ‘space bar’ might align text in columns sometimes, but generally it won’t because letters aren’t the same width on each line that you’re trying to line up, and that’ll make the columns your trying to create appear ‘wrong’ to the reader. Tabs will save you a lot of time and guarantee that things are lived up better.
  2. Use commas in dollar figures: $2,000 vs. $2000. Much easier to read.
  3. Set pricing in round dollars per unit. Agencies (and clients for that matter) hate getting pricing like “$35.28″ per thousand impressions, or per inch, or per spot. Just round up if you have to. It makes it much easier to calculate things.
  4. Adjust the margins on the document properly. Don’t use a 0″ margin at the top of documents and a 1″ margin at the bottom… It might affect display of the proposal on the recipients computer, or more likely, affect display of the document when it’s printed on a printer that has different settings that your printer.
  5. In advertising sales, when an agency is involved, always quote prices in NET or GROSS terms. Most of the time, an agency will require GROSS quotes, but when they don’t, make sure you specify which way you’re quoting. They might reply to the proposal asking you to requote the way you didn’t quote, but at least they’ll know where you stand on your pricing.
  6. If a graph or picture will help convey information, make sure you include it in the proposal, but try not to over do it. Proposals need to be short but actionable also.
  7. Always attach technical specifications if the agency says they’ll be creating their own advertisements for an online campaign.
  8. Send proposals as PDFs if possible to ensure the display of the proposal is the same for all recipients regardless of platform being used to view.

So, there are a few tips for you if you’re sending out a proposal… by all means that’s not all of the tips I’ve picked up over the years and I’ll try to share more in the future.

Car Salesmen

Confessions of a Car Salesman from edmunds.com.

Great article… long, but hard to stop reading…

Beware the customer

If you own or run a company that sells a service to people, then beware of your customer. If they feel like they’re going to get shitty service from you, they’ll probably find someone else to find the service you’re providing for them now. I say this because, if Earthlink is really shipping all of its call-centers over-seas, I’ll be calling to cancel my subscription soon.

Good service was one of the reasons I used to recommend Earthlink.

Flew to Minneapolis

On Wednesday, I flew to Minneapolis to meet with potential clients, and I have to say that I was impressed. We met with one of the largest retailers in the country, and they’re finally starting to ‘get it’ when it comes to the importance of the internet, and online marketing.

I’m looking for big things from that client in the next two or three years… maybe not directly, but indirectly in that they’ll really start pushing the envelope and that’ll make others in their industry follow them because they’re doing it. I can finally say online marketing (in my opinion) is really starting to come back, and it’s not the dot coms that are pushing the business… It’s the big box retailers that have so much pull in their industry… that’s just great news to me.

We also took a trip to the Mall of America in Minneapolis in the evening, and had a great time. I had the opportunity to take my colleagues to a Rainforest Cafe, which is a fun restaurant, and then we walked around the mall looking for holiday specials… we didn’t really buy anything though, because the prices weren’t any better than they are back home, and I personally didn’t feel like lugging more stuff on and off an airplane just so I could say I bought something at the mall.

We didn’t ‘make the sale’ we set out to make, but we did learn a lot about how the client we were meeting with is starting to operate. Overall the trip was worth making.

Heisel: Beyond the click-through

If there is one guy I’d hire based on something I’ve read that he wrote, it’d be Chris Heisel. I’d hire Chris Heisel to be an online advertising sales person, because he gets it. Example:

Heisel: Beyond the click-through.

Well written article about branding and online advertising and its long term effects… The article is a quick read and doesn’t go into too many details, but it touches enough of the online advertising conundrum, that I see everyday in my client’s questions and then decisions, to be worth reading. I’ll hand it out to my sales people tomorrow. Thanks Chris.

Sales Templates and Results

From Iuncture: Sales templates support personalization with consistency

Your customers want to be treated as individuals with every interaction– but how are you know what works to build strong buying relationships?Ý If every customer interaction is different it can be very difficult to discover best practices without some form of strategy.

Use models or templates based on the successes of your best sales people to guide each customer interaction.Ý A template provides guidelines for the interaction and could even include short scripts to help employees along.Ý Each interaction needs nothing more than a single page guide — more materials can be used in training, but at the interaction a few tips is all that is required.

Good read.

Confidence

“Confidence is contagious.”

Vince Lombardi (1913-1970)
Hall of Fame football coach

Sales QOTD: Opportunity

“Opportunity is missed by most people, because it is dressed in overalls and looks like work.”
– Thomas Edison (1847-1931)

Don’t miss out on an opportunity because it looks like work.

Close more sales with needs analysis questions

From Iunctura Daily, preserved here, because their archives are protected by a member’s only access prompt, and there’s no obvious way to register:

Even before your sales presentation or first customer interaction, you need to know exactly what prospects expect to receive from your product or service. Ý It is naive to assume your sales people know the specific touch points for each prospect– but asking the right questions will make a huge difference to prequalify prospects.

By knowing each prospects exact requirements you can tailor your presentation and improve your conversion rates.Ý Often you’ll find the problems customer perceive are significantly different than the ones you thought you solved. Ý Use this new understanding to improve marketing literature and sales approach.

The questions you ask depend largely on the product or service provided, but here are some general questions you might consider:

  1. What is the biggest challenge you face in your organization that once removed would free up resources?
  2. How have past experiences influenced your current business practices?Ý Improved or limited?
  3. What kind of solution would best fit your current needs that if were available you would consider?
  4. What do you feel contributes to the challenges you face that if removed would increase your revenue?
  5. Who needs to be involved for optimal results with any given solution considered by your organization?
  6. Why have you purchased similar (or our) products in the past?
  7. Which facts should a solution provider consider before approaching your specific concerns?
  8. Where do you experience this discomfort and when does it occur?
  9. What events seem to trigger this adverse desired result?
  10. Which outside groups contribute to your success and how do their contributions benefit you?
  11. What do you expect the result you receive to look like?

Develop a line of questioning based on the criteria you have already established that describes a buying customer.Ý In addition, ask demographic and buying behavior questions the further segment your prospect base .Ý

The answers to these questions will help focus your sales team to highly likely buyers so that you can convert more sales.

Great points.

On Pricing a New Product

Inc.com: Pricing New Products

The subhead gives it away on this article: “Companies habitually charge less than they could for new offerings. It’s a terrible habit.”

I did that this week, I’m sure. It’s sad, but it’s easy to do. As a Sales Manager and Product Development guy, I build a product, and then want the sales team to be successful, so I almost always under-price it. This article explains a lot about how prices are set, and how to get around the failing of setting prices the wrong way.

Some lessons for the Job Seeker

Over the past couple of weeks, I’ve been interviewing candidates for an open position in my organization. I’ve learned a lot as this is my first time to really hire someone into an organization. Here are a few thoughts and suggestions for those looking for a job and interviewing right now:

1. Make sure that you ask for an offer.

When you take the time to interview with a company for an open position that you know they are hiring for, ask for an offer. Make sure when you leave the interviewer’s office that that person knows that you want the job. If that person doesn’t know you want the job, then they might offer it to someone else that has stated an interest in receiving an offer.

There should not be a doubt in the interviewers mind about your wanting the job, even if you’re not sure you want the job… if you don’t express an interest in receiving an offer, then you likely won’t get one, and you might decide after the interview that you really do want that job.

Get as many offers as you can, then pick the best offer/job for you, don’t leave an offer on the table because you aren’t sure you want the job during the interview.

Ask for an offer at the end of your interview.

2. Wear a sharp outfit to the interview.

First impressions are a bitch. I don’t care what the corporate attire at the company you’re interviewing at is, wear a sharp outfit to the first interview. It’s always better to be over-dressed and impress the interviewer than to be under-dressed and make the wrong impression on the interviewer.

If you’re a guy, this means wear a suit and tie. The days of wearing shorts and sandals to most offices is over, and if the office you’re interviewing at has a relaxed dress code, it’s better to impress with a sharp suit than to look like a lazy person, or someone who doesn’t think they need to dress nicely.

If you’re a woman, wear sharp business attire. Don’t show up in a skirt that might be perceived as too short, or with your mid-riff showing. It’s just not professional.

If you’re interviewing for a blue collar job, wear the best outfit you have if its not a suit and try to look as impressive as you can. Wear a pair of khakis and a jacket if you think it’s appropriate.

Over-dressed is better than under-dressed. Wear a sharp outfit.

3. Answer questions honestly.

If an interviewer asks a question, take a second to think about your answer, and then answer the question succintly. Don’t blab on and on, and stay on topic. Be honest. If you’re not honest and succint with your answer, you’ll likely not be happy in the job if you’re offered the position. And if you bull-shit an answer and can’t back it up after being on the job, you’ll likely be in the position for a very short amount of time.

4. Take time to write a cover-letter.

And don’t write a bullshit two paragraph form letter. I received over 100 resumes for the position that I’m interviewing for. Know what my first filter was:

No cover letter = trashed resume.

Did I perhaps lose a good candidate? Maybe, but you know what? I still have 10 really good candidates that I’m having to weigh each other against.

update: Read Joel’s thoughts on cover letters for a good example of why it’s important to have a good cover letter

Write a good thoughtful cover-letter.

5. If you want the job, apply for it.

Even if you think you’re not 100% qualified, and you want the job, apply for it. It can’t hurt your chances. I have two main qualifications that I wanted in the candidates I was planning on interviewing. Know how many people had those two qualifications? One. One out of 100. So guess what? I called everyone that had at least one of those two big qualifications and have interviewed in-person 10 of those people I called. (after I trashed the ones without cover letters, of course).

6. Research the company a little.

When you apply for a job, assume that you might get a phone call from the hiring manager, or the HR screener. Have a little folder that you keep with you on all of the jobs you want. In that folder, have a quick summary sheet of the research you’ve done on the company (and make sure you’ve done at least a cursory glance at the organization’s website or some other document so you can ask a few questions about the company or the position).

I called one candidate, and they said “You know, I really don’t even remember sending in my resume for that position. What company are you with again?”

That phone interview lasted less than 5 minutes after that statement… Sorry, I wasn’t interested at that point anymore.

7. The interviewer might not know what they’re doing

Most people interviewing to hire someone aren’t trained at it, so keep that in mind. Make sure that the interviewer knows a) why you want the job, b) what sets you apart from all the other candidates they might be looking at c) that you want to receive an offer and d) what sort of impact you can make in the open position. If they aren’t asking you the ‘buy questions’ like “What would it take to get you on board here?” ask them the buy questions. Once you get to those questions, your likely-hood of getting an offer goes up dramatically.

If you’re looking to get a job, follow these steps:

1. Apply for lots of jobs
2. Ask for an in-person interview if you get a phone interview
3. Ask for an offer at the in-person interview
4. Get as many offers as you can, then pick the job you want.

I learned that and many more tips from reading the Knock ‘em Dead series by Martin Yates. I’d recommend that to anyone out there looking for a new job. I’d also recommend 101 Great Answers to the Toughest Interview Questions as an interview primer, if you need it, but most of what you’ll need is in Knock ‘em Dead.

Hopefully, I’ll be making an offer to a future employee next week.

updated April 2004: I just posted More lessons for the Job Seeker as a follow up to this post.

AdWords works, RSS works – Does a demo work?

I saw an ad for Tinderbox on the sidebar of my website as I was re-reading an article I wrote. I clicked the ad and just downloaded the application (again – I played with it once for about 10 minutes before I got tired of it the first time). (So, AdWords has worked so far for Eastgate.)

I’m planning on playing with Tinderbox this weekend as I’ve been thinking I want a good tool to help me organize my thoughts on some long term strategies at the office…

Then, I read that MacWorld just gave Tinderbox 4.5 stars on Mark Bernstein’s weblog, and thought about how coincidental that was… (so RSS worked for Eastgate – I read Mark’s weblog in NetNewsWire)

Google’s AdWords got me to download the app. MacWorld’s rating helps me think about the worth of the product. My playing with it this weekend will help me decide to pay for it. If I do buy it, I’m sure the paltry sum Eastgate paid for the click will more than pay for my buying the application… I’ll follow up with a note on whether or not I pay for the application after I demo it. (Will the demo work?)

Sad thing is that MacWorld doesn’t have an RSS feed (that I know of), and I don’t subscribe… and I’ll likely not read the article about Tinderbox on their site unless Mark links to it from his blog when they post it online… (RSS isn’t working for MacWorld)

Selling Against Objections

Looks like there’s a new read from XPlane today:

Selling to the VP of NO: Secrets of the Selling Stars.

In a highly visual book that can be read under an hour, Dave Gray, founder of XPLANE, constructs a simple road map to selling success. Far from rocket science, it contains simple, proven methods to help you move the VP of NO to GO.

Do you know the VP of NO? He’s the one person that stands between you and opportunity and his job is to say, “No.” You – or your sales team – have met him before, and will again.

Read more about this new book at XPlane.

Sales QOTD: the pause

“The right word may be effective, but no word was ever as effective as a rightly timed pause.” –Mark Twain (1835-1910)

Good point to remember if you’re in sales or a leadership/management role.

Amazon RSS Feeds Could Be Dangerous

I read an article today about Amazon’s new RSS feeds, and quickly moved to investigate the PR. I added a bunch of feeds to NetNewsWire. I’m thinking this could be dangerous (feel free to grab these feeds for your own use):

I’m excited to see a company introduce RSS feeds for the public in a revenue generating environment. It’s only a matter of time before other companies catch on. To me, the importance of Amazon introducing RSS feeds for products isn’t really that big of a deal for News Aggregator software, but rather for how super easy it would be to add these feeds to web sites.

Amazon will make money with this one.

Quick Links: 6 June

For the past week I’ve been pretty busy… here are a few things I’ve read recently and needed to blogmark:

MT Medic [via Pat Berry]

Interesting graph on SARS

Let’s Make a Cell-Phone Deal – I’ve done this. It works. More from ArsTechnica.

Working with Forms in PHP, Part 1 and Part 2. Great information on PHP and forms handling.

Great tutorial on Cookies and PHP.

Famous Fonts [via angiemckaig.com]

Upsell More [from XPlane]

Closing the Sale [from XPlane]

Increasing Customer Loyalty [from Xplane]

The Anatomy of a Style Sheet (brought to you at 37,000 feet courtesy of Net News Wire Pro’s caching of RDF feeds – Thanks Brent) Looks like a great start to a useful CSS tutorial… and something I can really use the help on learning.

Automating iPhoto 2 with AppleScript

Power Keys in Jaguar

Common Style Mistakes, Part 1

Papers written by Googlers

So Much for Economic Principle :: Apple Computer’s persistence defies the law of increasing returns.

A article on software development and the business side of it: Risky Business part 1, and part 2

sales commissions?

Street Smarts: The Sales Commission Dilemma

Need to read that this weekend.

The ultimate sales movie

A Friend recommended this movie to me as the ‘ultimate sales movie’:

Glengarry Glen Ross

Anyone ever seen it? Got any feedback on it?

Also see the unofficial Glengary Glenn Ross site

Notes on Managing Customer Expectations in Advertising Sales

Anna CristinaI’ve been researching some material for a segment of a class I’m giving tomorrow at work. The audience is a great audience, and I’m aiming at having an interactive talking session. I’m speaking to 25 or so employees that are primarily print advertising sales people about managing their customer’s expectations about online advertising.

I’ve found a few good pieces for inspiration (thanks of course to Google):

Articles on Managing Customer Expectations, though it really deals with ‘customer service’ examples.

Something I’ll be doing in this class is offering a “When I’m a Customer, I Want …” brainstorming session, just to get people talking.

I also found this quote:

“Expectations are your client’s vision of a future state or action, usually unstated but which is critical to your success.”

From this page as well as these three steps to managing expectations:

1. Setting expectations

2. Capturing/monitoring expectations

3. Influencing expectations

Here’s another good article I found that says:

“When a customer makes a choice between two or more suppliers of a good or service, that choice is often made on the basis of what they expect in the way of product quality or how they expect to be treated.”

The Project Management Review has an article titled Five Steps to Effectively Managing Customer Expectations which are (in brief):

Step 1: Prepare the team and the executives.

Step 2: Define quality metrics.

Step 3: Kick off.

Step 4: Communicate progress.

Step 5: Review performance.

Lastly, I found this PDF from which I’ll pull some great talking points:

“According to Deloitte and Touche, it costs five times as much to acquire a new customer as it does to keep an existing one.”

“In the credit card industry for instance, a company must mail 30,000 to 50,000 applications in order to achieve a two or three percent response.”

“A satisfied customer will recommend it to at least four other people, while an unhappy customer will tell seven other people about the product or service.”

While none of these apply directly to advertising sales, I’ll use them as talking points in my segment, just to get the discussion going, and then I’ll speak about specific examples of how to manage advertising client’s expectations. The best way is to make sure you know what their expectations are up front, dispell any misconcieved notions, and then report the results, and help the client interpret them, while always looking forward to the next campaign or product that makes sense for the client.

Struck out – Selling the Decision Maker

Lesson #1: When spending two days out of town meeting with a client about something new that you have to offer them, make sure that the right decision maker is going to be in the room when you make he presentation.

External Branding (how about internal?)

Throwing a hearty thanks back to XPLANE for the thanks they gave to MarketingFix (have you gotten your FIX today?) in the latest update to their bblog, I’d like to point out this article:

The Internal Impact of External Branding

for two reasons:

1) it’s a great read for anyone looking at the idea of ‘branding’ and

2) it’s a great article for anyone looking at increasing overall understanding and morale amongst employees.

At my job, we’re having internal debates about ‘what are we’ that truly require us to evaluate our brand and evaluate how we position that brand externally as well as internally.

I’ll be forwarding that URL around the office tomorrow. Thanks XPLANE.

Sales Links: Upselling

Good ol' KylaFrom the latest XPLANE|EXTRA!:

How to choose an upselling strategy

Customers don’t always know what’s best for themselves. Sell them the right solution in a way that suits their needs and helps them reach their goals. Always begin by establishing their goals and sizing up their personalities before selecting your upselling strategy.

Go there for the actual XPlanation™.

There’s also a link to Successful Upselling which is a fantastic read.

For what it’s worth, sales information on the web is quite hard to come by… XPLANE has been doing a fantastic job of highlighting great information in the BBlog‘s Sales Category.

Sales Tactic – Give them the shirt off your back

From the Business Development Network: Sales & Marketing Tribe of Ryze:

Sales Technique of the Week

I run a web/graphic design and marketing company.

I went to Office Max and bought a pack of inkjet iron-ons. When I go to meet with a big potential client, I make sure to leave their office with something containing their company logo (or I get it from their web site if they have one).

We iron their logo onto the left chest of a white shirt (we use a shirt made from t-shirt type material, but with a collar like a polo shirt). We iron our company logo onto the sleeve.

Shortly after our meeting, the client receives a package by mail with a simple note attached:

“We would give the shirt off our backs for the chance to design your web site” (or for the chance to do whatever it is we are proposing).

The client becomes instant putty in your hands!

Avi Frier

Director of Marketing

VisionBurst, Inc.

http://www.visionburst.com/

Sales Management Tips — Tips on sales management from those doing the work

I got the XPLANE|EXTRA! email newsletter today, and was surprised to read the title “How to manage the disorganized sales manager” especially after the request for ‘sales manager links‘ earlier in the week from a colleague.

The XPLANE newsletter includes links to two ‘visual xplanations’ which are quite good at getting the point across about disorganized sales managers and what can cause them to be disorganized, as well as how to fix the problems (some what).

It also includes a reference to this article in the Columbus Ohio BizJournal. The article give these 24.5 tips:

1. Structure a fair compensation package that is commission-based.

2. Give them the tools to sell with.

3. Equip them with 21st century technology.

4. Have the best company in the world.

5. Have an inside team of people that does not fight with or resent salespeople.

6. Be the best boss in the world.

7. Have a manager who is a better salesperson than anyone on your team.

8. Reward sales with money.

9. Acknowledge achievement.

10. Recognize achievement in front of others.

11. Have incentives and contests to keep it competitive.

12. Reward repeat business.

13. Reward referrals.

14. Reward business taken from others (accounts from the competition).

15. Reward testimonials received.

16. Have regular sales meetings.

17. Have regular sales training.

18. Have regular personal-development training.

19. Set realistic and achievable goals with them.

20. Every six months, ask your sales team what you need to do to help them make more sales.

21. Have them print out sales reports every week by prospect status.

22. Don’t talk trash behind their backs.

23. Reprimand in private.

24. Encourage them.

24.5 Don’t let them run you.

Go read the article… you won’t be sorry. Great tips for sales managers (if you’re a sales person, go print it out and slip it into your manager’s inbox).

Sales and Sales Management Links

StepankaA colleague on a mailing list I participate in today asked me for “any sales websites, online newsletters, or training (people or companies) for sales managers” that I could recommend.

I honestly haven’t ever found any ‘great’ sales (or sales management) related websites (thus the reason I started writing about sales) and have generally been frustated by some that are out there.

Here are a few ‘sales’ related sites that I want to check out again when I have a little more time in the future:

SalesLinks.com (which btw, doesn’t work with Mozilla’s pop-up blocker this link is useful)

PeopleSuccess.com

SellingPower.com (generally sucks, but better than nothing)

SalesandMarketing.com

KnowThis.com -> Selling

I also might look at buying this book later… maybe…

I’d highly recommend anyone looking for sales tips read The Greatest Salesman in the World by Og Mandino also. Highly.

Lastly, I always read FastCompany (in print) as well as online when I have time, and Business2.0. I read the WSJ from time to time, when it suits me… Anyone else have any ‘sales’ related reads that are good?

Why Small Businesses Need Websites

Britney - I still love her...Adam Kalsey has a good article on why small businesses need websites. I’ve never really paid close attention to the ‘local’ market until here recently as I’m traditionally a national advertising sales person, but my new job has forced me into focusing on the local market, and one of the objections I’m hearing to ‘local online advertising’ is ‘well, my company doesn’t even have a website.’

Kalsey talks about a pipe company that makes custom pipes and gets the majority of its business through referrals. I’ve heard the argument before that company owners (especially industrial manufacturing types) don’t think their customers will look for real solutions on the internet and I think those are the worst arguments I’ve ever heard.

My wife is an engineer, and she searches for information on the internet all the time. Granted she’s younger than the majority of people in her field, but I’d argue that her impression of a company is just as important, if not more so, than her superiors, because she’s the one putting specs in the plans. If she really likes a product, she’ll fight to get it specified in the plans. Now this won’t happen just because of a webiste, but it would happen because of plentiful information behind a product that she was looking at.

For example, on Friday she was worried that dinner was going to be too expensive at a restaurant I was taking her too, until she downloaded the menu and read the history of the local restaurant, after which she was extremely excited to go. That could have been a product or vendor she was researching for a project she was designing… who knows.

Or take for example the fact that I’m unhappy with my dry-cleaner. I’d love to know where to take my clothes other than the current sham artists I take them too, but I don’t pass any other establishments on the way to work, and when I do see them, I’m usually too busy to stop in and get to know the folks running the competitors… It’d be helpful to be able to research things like when they run their specials, and what the normal prices are, and if they can do alterations in-house.

Local businesses need websites, and if I were them, I’d start looking at investing in them while prices are depressed. A simple on shouldn’t cost you more than $1000 to set up and $50/month to maintain. A more robust solution can run into the tens of thousands sure, but I’m thinking that the old ‘rules’ of internet development pricing are pretty much gone, because they just didn’t stand up in the ‘cold winter’ of the past few months of dot-com bust reality.

So, if you own a small business and want a well build affordable website that does the job you want it to do, I’d easily recommend Kalsey Consulting, the Fuzzy Group, Andy Meadows, or any other number of small developers out there. (I know of plenty more if you need a good dev company, just leave me a comment and I’ll email you a list of good references).

Also, if you need marketing advice, as one of my colleagues behind MarketingFix.

Investigating Sales Management Solutions – SalesForce.com

Amanda, Again...So, I’ve been struggling with a completely manual sales CRM solution at work for about a month now, and I’m seeing a lot of inefficiency that could be greatly improved with something that helped tie all of the sales persons, clients, and the whole process together.

I’ve been trying to find time to investigate SalesForce.com‘s solutions as well as others, but I really haven’t had a lot of time (too much to do always, isn’t there?)

Right now, our online ad sales force consists of three sales people (including me as a manager) and one ad trafficker, so the SalesForce Team solution looks good at $1000/year for up to 5 seats, its ‘offerings’ seem like so much less than the Professional Edition when you look at them side by side. And then, when I consider the size of our overall organization, I start wanting to look into the Enterprise Edition, just because I know I might need to know answers to questions about scalability. Lastly, it looks like there is an Offline Edition to support outside sales opportunities if I read the information correctly. The sad thought about all of this is that it would make so much sense for us to also use the Billing Edition to completely tie everything together, but then I realize (to myself) that our billing department is completely manual accounting and that’s a serious deterrent to the whole idea of improving efficiency.

Maybe I’ll push the idea a little bit at work and see what the boss thinks sometime in the near future. I’m so used to having help managing the sales process with some sort of computerized tool, and I think after the initial training process, it would greatly improve the performance of our sales force.

I’m thinking I’ll be signing the team up for the free 30 day trial shortly.

Planning a strategy for a sales team

I’m busier than hell at work planning a strategy for our online advertising sales teams. It’s tough work, honestly, mainly because I’m one of those guys that has to figure out where he’s coming from to know where he’s going. I like to look at the history of things, so that I know what’s been done before…

But, that’s hard when there isn’t a lot of ‘institutional memory’. I’m finding myself concentrating on researching what’s happened this past year as I’ve only been there a month. I’m creating a lot of reports that just don’t exist, mainly because no one knew to make them as the work was done. It’s going slowly, but not because the information isn’t available, but rather because the information generally isn’t in an electronic format. I’m really glad that it does exist though, and that I’m not having to completely recreate data from scratch.

I’m sure my boss thinks he pays me too much to create reports, but I don’t know that he realizes the value to me of those reports.

It’s something I learned in the Army I guess… ‘to get where you’re going, you’ve got to know where you’re coming from’ is the general thought that I operate under.

So, to me that’s step one in creating a smart strategy.

After I get this task of ‘creating historical reports’ that are useful, I’ll five into the actual planning and forcasting phase of building a strategy. Overall, I’d say that I’m on track for what I thought I could do, but I do think my boss is a little frustrated. I think he was expecting instant results, but that’s just not how I operate… for now he’s giving me free reign, so I’m still using the slack I’ve got in the leash… I hope this free reign lasts at least another month… I’m going to need it.

Quick Sales Tips from Business 2.0

On the plane today, I finally got around to reading The Persuaders from the November 2002 issue of Business 2.0.

It’s a great read that quickly profiles 5 great sales persons in easy to read and easy to share storylets (not a real story, but more like a few paragraphs with lots of depth).

When I get back to the office, I’m going to make color copies and pass them out to my sales reps.

End of Quarter Sales Tactic

The hard sale can always be an interesting way to try and close new business, but it’s always a tactic that should be used sparingly, in my opinion. This post at IntricatePlot is an example of barely treading the fine line between smart and dumb ass in the sales business. I actually think it’s a good way to ask the right questions, but think it also has potential to backfire… it sounds desperate and that’s not a position you ever really want to be in as a sales person, in my opinion. It leads to less trust in the short run, and that’s dangerous.

Fantastic Questions for Salesperson Self Improvement

lovely yet againAnyone that sells by phone has heard of Art Sobczak, and if they haven’t they need to learn about him.

Art runs a company called Business By Phone. He’s probably one of the best tele-sales trainers and speakers in the world, and is a fantastic resource. Art published a weekly email newsletter called the “Tele-Sales Hot Tip of the Week” that I’ve been reading for years now. I like the latest edition so much that I decided to share it all with you. If you’re a sales person, or a general marketer, read the edition in the ‘more’ link below. If you find it helpful, subscribe to Art’s newsletter yourself, or buy the old issues in hard copy and downloadable form.

All of the newsletters I’ve received are helpful, and most are full of outstanding tips for salespeople.
Continue reading ‘Fantastic Questions for Salesperson Self Improvement’

sales lessons from the top

Brazillian Beauty, courtesy of Robert LochI read this article in the print version of FastCompany a while back, but just re-read it online. the article is just a bunch of quick snippets of sales advice from some of the leaders in the field. I love this line:

… being in front of the customer doesn’t help if you do all the talking. My father used to say, “Many a sale was lost from the jawbone of an ass.” What Dad said then applies today.

Yep, he’s right. Let you’re customer tell you what the problem is, then show them how your product will solve that problem. If you’re product won’t solve that problem, walk away immediately and save yourself and the potential client some time.

I firmly believe in the principle of consultative selling.

Message to All Sales Managers

Bailey'sFrom Be Your Sales Team’s CIO:

Pick up the phone and call one of your salespeople today. Review customer data, competitive data, reports, and customer feedback. Figure out where you can help one other. Join her on a sales call. There’s nothing like meeting a customer in person to help you understand what your sales force is up against. If your company doesn’t have a sales force, you can still segment your customer base, look at the product mix and competitive environment, and talk to customers. Piece together where the opportunities and pitfalls are.

If you’re in your office with the door closed, crunching numbers and frustrated by a lack of response or results from the sales force, you may be the one missing the point. Get out there — you’re needed!

I’ll add my two cents. A Sales Manager’s job is generally two fold:

1. Remove any internal or external obstacles from the sales person’s path way to a sale.

2. Provide as much support as each sales person needs, all the time.

Information is the weapon of the sales person, they know how to wield it best, but can’t if they don’t have it.

Salesmanship: answering the customers question

Q: When should a salesperson just ‘shut up’ and tell the customer what he wants to hear?

A: Never, and always.

You see, a customer might ask you question A, but in reality, they’re asking this question to answer quesion B (which they probably haven’t thought of yet). It’s your job as a salesperson to answer question B foremost, while also giving an answer to question A, and make it seem like the customer got exactly what he/she was asking for in the first place.

Sound complicated? It is.

Take Joel’s post here on how a lot of his customers ask for a ‘feature’ in his bug tracking software, and he has to tell them that he doesn’t offer that ‘feature’ and won’t add that ‘feature’ for their own good. I totally understand where Joel is on this position, as I deal with the same sort of situation, only in an advertising sales environment.

The customer always thinks they want ‘A’ as their perceptions tell them that ‘A’ is worth something, but its the salesperson’s job/role to first make sure that ‘A’ is really a definable quantity/quality, and that it also fits their goals and needs. Also, you have to determine if you can satisfy the need and/or goal that requires ‘A’ with a product or offering or if what the client really wants is ‘B’ or is served by ‘B’.

This means that throughout the sales call the salesman is constantly trying to discover the root needs and goals of the client, and find ways to either 1) satisfy those needs and goals or 2) tell the customer that they (the salesperson) can’t adaquately satisy the needs/goals, so that the salesperson can move on to the next sale. (If the salesperson has adaquately defined the needs and goals of a client and has no product/service that’ll satisfy those, then it’s time to move on to a new client.)

So, always tell the client what they need to hear, and also never tell them just what they want to hear.

Great Sales Technique – yeah right

So, at work this morning, I got a call from some guy at RealKeywords (they’re trying to do what RealNames was doing before Microsoft fucked them over). I let him take 5 or 10 minutes (of my not really listening) to give me his schpiel and then he stopped (to breathe I guess) and I slipped in a quick ‘we’re really not interested at this point.’

He promplty replied “thank you” and slammed the phone back on the hook.

Great salesman there… I’d definitely look forward to hearing them again.

(BTW, the thing that told me we’re not interested? He said that the service only works if someone installs their ‘plug-in‘. Not even remotely interested in that, sorry. Google works too well.)




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