2020 Ushers In New Deals – Are We Ready To Get Our Share?
Greek myths don’t have too many happy endings or uplifting messages. Mostly they are cautionary tales about the Gods treating us like playthings, usually with unhappy consequences. The patron Greek myth for salespeople is the one about Sisyphus. The son of Aeolus, the God of the Winds, he was sent down to Hades to be punished by fulfilling the eternal task of rolling a large stone to the top of a hill, just to watch it roll to the bottom and then start again, and again, and again forever. That is what we do.
We roll that big stone of the annual budget to the top of the sales year, when the revenue results are announced, to watch it roll back to zero as we start the whole process again, year after year. “Don’t tell me about your last deal, tell me about the next deal” is the driving sales manager philosophy. It has been thus ever since they created sales managers. It doesn’t matter when your firm arbitrarily decides that the sales year kicks off, the phenomenon is the same. 2020 is here – are you ready to roll or keep rolling that big stone?
The tension, pressure, uncertainty, fear and foreboding are unrelenting in sales. You had a good year last year. You won an award at the sales convention, you were on stage getting your medal, you got your big bonus, you made some good money. So what? That was last year, what about this year? Alternatively this last year was dismal, you hardly made any money at all and you were a hair’s breadth away from being axed. So what? That was last year, what about this year? Good year or bad year, the rock rolling awaits you.
There are deals to be done in every year, so there is business out there. How much of it will come to you? If you are sitting around waiting for the phone to ring, the email to hit the inbox, the buyer to walk in then you are too stupid to be in sales. Harsh! Yes, but true, because that type of approach is what idiots do and why they are not successful. We need to do better than that.
Grant Cardone is a sales trainer in the US and he has a book called “The 10 X Rule”. The basic proposition is a good one. We have taken Grant’s idea and have a big signboard on the wall of our office that says “10 X Your Thoughts and Actions”. The issue we all face is we get into a rhythm with rock rolling. We look for incremental gains. The 10X idea is to look for big gains, how to leapfrog our rivals all focused on kaizen scale improvements. To get anywhere we need to change our thinking. The same thinking that got you last year’s result will only get you to roughly the same point. We need to get to a much higher point. By challenging our thinking, we start to operate at a different level. The next step is to put those thoughts into action. Genius thoughts unapplied are not much help.
Is applying a 10X philosophy easy? Obviously super easy for the first thirty seconds, but it gets a bit tougher after that. This is where we need discipline and the sales manager to be driving this thinking everyday. It means we have t look at every angle on rolling that rock up the hill. Who has bought from us recently? Are there other firms who likely have the same need but don’t know about us. Are we shy about cold calling them, because we fear rejection and that the effort will be wasted because the success rate is so low? Is sitting around waiting for lightening to strike a better use of our time?
Remember always that in sales we have the cure for cancer and we need to get it to as many sufferers as possible. Each of our firms provide a great solution for companies. If we didn’t, we wouldn’t still be in business. We can’t cure an individual’s cancer, with our solutions, but we can cure corporate cancers that afflict our clients. When we understand this idea, we have no fear to contact companies who don't know us and inform them we have the cure.
If we 10X our thinking on this point and we take massive 10X action, then we will get the meetings we need with buyers and we will get deals one. The new year is a great time to readjust our thinking about how to roll our stone up the hill. How can we 10X this activity from start to end. It has to rolled. Let’s look for 10X ways to do it this year.
Reflecting On Your Learnings In Sales
You are as only as good as your last sale is harsh but true as a synopsis of our sales life. Bosses are not interested in what you did last year, because that is history, done and dusted. They are focused on this year’s numbers. They got their big commissions, bonuses, promotions, their five star holiday with the family. They are looking at you for a bigger number this year. You might be thinking just how you are going to pony up that bigger number, when getting last year’s number was a herculean effort.
We tend to be like sales locusts. We swarm in, eat everything we can find and then move on to find the next meal. The reflective salesperson is a rare bird because the pressure is always forward facing. “Don’t tell me about yesterday. Show me what you can do for me today” is the driving philosophy and we tend to get sucked into that vortex. This translates into forward momentum without allowing us time to ruminate and reflect on lessons learnt throughout the year.
Take some time for yourself and go back and visit the deals. This means the ones won and those lost. The records on those lost can often be scanty, because we tend to lick our wounds on the move, as we are off to secure the next deal. You may have a strong regime of record keeping within your Content Management System (CMS) or you may be like a lot of salespeople and hate the CMS. You see entering a bunch of stuff in the CMS as a massive waste of your valuable time, when you could be talking to clients.
Hopefully, you at least kept some notes of your meeting discussions with the clients? Whether you were a good boy or girl and kept the CMS up to date or you were a rebel and just kept you own notes, you will have a record to consult. If you are reading this and you have nothing, then what the hell are you thinking? Start keeping detailed notes of all sale’s meetings, so that you can be sure you are clear what the client wants and what is the next step.
Assuming you are not totally crazy and have some records, make some time to go back and consult them. This should not be some casual review of Caesar’s triumphs. Make it more specific than that. Analyse the notes by looking for some things that went well and areas where improvements could be made. The better organised among us will have ensured that immediately after the meeting, they could review their notes, make the writing legible, flesh out some key things they didn’t have a chance to write down and add their thoughts. Those thoughts should also include an analysis of what went well and what needs to be worked on to do better next time. This is the best time to do that. Everything is fresh in our mind and it allows us to grab the gains immediately and apply them to the next meeting, which might be in the next thirty minutes.
If you are reviewing your sales calls over the year, with this type of insight, then the whole exercise becomes that much more pointed and valuable. This would be ideal but even if your were not so well prepared, then make a commitment to change your ways and become better organised in the next year. Take the notes you do have and look for patterns.
Where did the client originate from? Did you identify the client or did your organisation generate the client as a lead for you? What was the client’s problem? Is there a commonality in play here, where this problem may be a trend or is it just contained within this particular company? What was the reaction to your pricing. Did they think it was expensive or reasonable. Did you supply more than one solution? Was there a chance to spider out into other parts of the organisation and help them with their problems? Did the person you were dealing with get moved and the replacement prove to be a pain and not helpful? Did you make a note to wait for their replacement to reconnect with that company and try again or did it just fade out and disappear from your mind?
There is so much rich material in the review process, but we miss it, because we are so busy and constantly moving. We need to organise time to review each month what happened and then gather it all up and take an annual view of the what happened. Time spent in this activity will set us up well for the new year.
Leading An Intentional Sales Professional Life In 2020
The targets for the year are already set or will be set shortly, no matter when your financial year begins. These numbers are irrelevant. What is more important is what you are going to do to improve yourself this year to make hitting those targets more certain and easier to do. We tend to roll one year into the next without any interventions to recalibrate what we are doing and why we are doing it. Habits are good and bad and bad habits are the enemy of progress. Let’s ditch those in 2020. Here are some things to work on for the new year coming up.
Study about sales and communication. If you can’t read, then listen to audio or watch videos – there is so much free content marketing pieces available out there today it is unbelievable. Get yourself on a sales training course and even if you have to borrow money to go on that course, do it, because the investment will repay you a hundred fold and more. Naturally I recommend a Dale Carnegie sales course for you, but at least get training. The difference is night and day and so is the money flow which comes back to you as a result.
This only happens when the salesperson is inadequate and untrained. Instead we need to ask questions of the buyer to find our A. do we have what they need and B. if we do have it, then present the solution in a way that the client thinks, “fantastic – this is just what we need”.
In Japan we will be dragged into the mud and the blood of giving our pitch by the buyer unless we get their permission to ask them questions. Japanese salespeople are pitchpeople not salespeople. How on earth do you know what the client needs unless you ask them questions first? Well you don’t, but in this culture the buyer is God and God demands the pitch, unless the salesperson intervenes and redirects the conversation. Once you have permission to ask questions, life gets good and you will get sales. Pitching is a very tenuous way of striking it lucky and happen to chance upon what the buyer wants. This is basically the stupid way of doing things, so don’t do it.
There are many things to work on in selling in 2020, but if you can only concentrate on these three things then you will become a much more professional and skilful salesperson. Attitude and skill are the basic building blocks on top of which we pour on the product knowledge.
Why “Okay, Send Me Your Proposal” Is A Bad Idea In Japan
Getting to the request for a proposal stage is usually thought of as significant progress in Japan. This means there is an interest. Or may be not. Japan is a very polite society so a direct “no” is difficult to deal with. Over centuries, the society has found all sorts of clever ways of saying “no” indirectly. When you get this request you have to know if this is “no” or not. We are all super busy people, so slaving away to craft a proposal is a big waste of our very precious resource – our time – if it is just a polite means of giving us the bum’s rush out the door.
To understand if this is real or fake we can answer “yes, I can send you a proposal and in fact I can help you with determining if there is a match for your budget by explaining our pricing while we are here together”. This relies on the assumption you can offer a price on the spot. Generally we know what will be involved in the solution for the client, so we should be able to talk about pricing or a major part of the pricing required at that point. If there is a budget issue this will help to flush that out.
Being Japan, we can’t expect any agreement whether we talk pricing at that point or not, because the person we are dealing with will need to gain a consensus in support of the offer from their colleagues who are unseen, sitting behind the meeting room wall in the office. We can however gain some insight into whether we are going to be a contender or not for the business. Their body language is a key indicator we should be studying when we start talking price.
They may still want to see a proposal because they need to show something in writing to the other members of the team. Or they may prefer to say “no” in your physical absence because that is less stressful and embarrassing. We can always rely on Japanese buyers to take the path of least resistance.
I was listening to Victor Antonio’s podcast The Sales Influence on how he does it for American buyers. In his case, he tries to inject some sense of guilt with the buyer around him having to spend hours on making the proposal. The idea is that he wants them to clearly say no they are not able to go ahead right there and then or say they are interested, but not sure.
This wouldn’t help much in Japan, because the buyer is going to avoid any possible confrontation over a “no” answer and will always go for the interested but not sure possibility regardless of the reality. The Japanese concepts of tatemae and honne are fundamental to polite society here. Tatemae means the public truth and honne the real truth. Often Western businesspeople encountering tatemae for the first time will feel like they have been lied to.
We shouldn’t get too moralistic about this because we do it too in our own societies. We dress it up as a “little white lie” which is actually tatamae under a different flag.
If your family member or friend has been trying to lose weight and actually look like they have gained even more weight and ask you how they look, we don’t go for honne and say “Man, you are even fatter than before”. We bald faced lie and say they look like they have lost weight and look better, because we don’t want to hurt their feelings or discourage them. Japan is the same but on a grander scale and it is more institutionalised here.
So in Japan, we do have to give them a proposal but we should never “send” it. By this I mean we should always present it in person whenever possible. If we send off our proposal by email the document arrives alone and undefended. We need to be there to explain what it means so that there is no mistake. I can’t count the number of times I have been presenting a proposal and the client has misunderstood what I was trying to say. It doesn’t matter whose fault it is. The key is to be there to clear up the issue. Whenever we get a proposal where do we look first? Straight to the numbers – how much is this going to cost? All the value explanation is in the front part of the document, but their view has been tainted by that big number at the back.
We need to control the physical document and walk them through the value explanation, checking all the while that we have successfully understood what they need. We can answer questions, make clarifications and shepherd the buyer through the value detail to the number section, which should by now have a tremendous amount of context wrapped around it. So make a proposal but always take it, never send it in Japan. If you do that, you will have much more success, by taking it with you.
Selling Yourself Before You Meet The Client
I have been recruiting new staff over these last few months. One of the younger candidates breezily told me during the interview, “I checked you out on social media”. This is the modern age, where everything about us is available only a few mouse clicks away. This “checking you out” phenomenon has been around for some time and the frequency only increases. My LinkedIn profile tells me that twenty three thousand people are following me, around a thousand people are looking at my profile and that around two thousand people are searching for me. That is a lot of scrutiny and unthinkable ten years ago. As salespeople we are being “checked out” before we even meet the client, but what will they find?
I was not active on social media until I heard sales training guru Jeffrey Gitomer speak at our Dale Carnegie International Convention in San Diego in 2011. He was speaking about his 40,000 followers on Twitter, challenging us about how many followers we had and stressing the importance of social media. I had been cautious about this social media thing and had avoided opening accounts. After the Convention I opened up accounts on Twitter, Facebook and LinkedIn. From the very start I only posted business related content. You won’t find photos of me in straw hat, with an exotic drink in my hand, as I sit around the pool, basking under a friendly sun in some tropical clime. It is all business and there are over one thousand eight hundred blogs on my social media. This is no accident.
Coming late to the party proved to be fortuitous, as I found many of my American friends who got on to Facebook while they were at college, had content on there they didn’t want to share with potential clients. This is the point. Clients look at our social media to “check us out” before we have that first business meeting. We may have connected at a networking event, followed up with them and wrangled a date and time to meet. Before we do that they are looking at our social media to get an idea about who we are. So in your case what are they going to find?
When they Google you, what comes up? Is it random stuff or is it content within your control? I suggest it should be content in your control. What would that be? Content marketing is a broad based term for putting your wares up for free on social media, to demonstrate you provide value. As salespeople we should be clinical in looking at what we put out there.
We can write articles, now known by what I think is a most unattractive term “blogs”. We can write about issues in the industry or the market and how to fix those. We absolutely should steer clear of anything that sounds like propaganda for our company, product or service. The first blatant hint of gross self-promotion and you have lost your audience. These blogs may be suitable for publication in industry or business related magazines. The editors are always looking for high quality, free content.
Those blogs can be read into a microphone, recorded, spiced up with some music, edited and turned into podcasts like this one. Some people prefer to multi task and walk the dog, run around the streets or go to the gym and simultaneously educate themselves by taking in good podcast content. These same blogs can be delivered in front of a camera and now you have video content for YouTube. It might be a simple affair on your phone live streaming, or recorded for later editing to spruce it up or you might have some high quality gear involved, including teleprompters.
Gary Vaynerchuk is a total legend of self promotion, but is verging on illiteracy. He knows he cannot write, he hardly reads anything except for social media posts, so he uses video as his main means of message delivery. He strips out the audio for podcasts and the content for transcripts to become text posts. If you don’t like writing and you can talk and most salespeople can certainly talk, then this may be a way to create content that will impress potential clients.
The point is to control what clients will see by getting your best foot forward. Provide credibility through the value of your knowledge, relevant for buyers. I release five podcasts a week now and have two television shows on YouTube. On August 8th this year Google announced they are using AI to enable them to do voice search, in addition to text search. If you haven’t created voice assets like podcasts or video sound tracks, you will be missing out on the opportunity to be found by clients.
You will be looked at and checked out, that is a certainty. What is less certain is what the client will find. Choose to impress potential clients by cramming your social media full of content that make you look like a legitimate expert in your field. Build credibility before the sales meeting. We all understand the client mantra of ‘know, like and trust” can be amplified so powerfully through social media. Make it happen.