Tag Archives: closing deals

Stop Mistaking Marketing for Selling

By Jeff Beals

On separate occasions I recently met with two small business owners.  These guys don’t know each other but they have a lot in common: Despite great effort, neither is happy with their revenue. Both companies are “getting by” but are far from thriving.

A quick examination revealed the same reason why revenues are falling short. Both owners are mistaking promotional activity for selling activity.  Let me explain…

Both of these entrepreneurs tirelessly promote their companies.  They belong to service clubs and chambers of commerce. They show up at networking events.  They lead active social lives.  They advertise on radio and in print. They buy Google AdWords. They sponsor events.  One of them even sponsors a youth sports team.  Yet despite this activity, neither is getting enough new business to come through the door.

So, what’s the problem?

While they’re doing a great job with promoting, neither is focused on selling. Both entrepreneurs are getting their brands out in the marketplace.  They are creating name recognition and associating their brands with positive feelings.  But promotion is simply not enough.  Promotional activities don’t in-and-of-themselves lead directly to signed deals.  If you stop at promotion, you’re not going far enough.

To make a military analogy, think of promotional activity as analogous to an air raid and selling to be an analogy for the infantry.  If one country is going to attach another, they often use their air forces to weaken the target before the infantry soldiers invade.  You don’t win wars with air power alone.  At some point, soldiers have to win it on the ground.

Now, I’m a little hesitant to use the military analogy because good sales people don’t “attack” prospective customers.  Instead they work with them to find beneficial solutions.  Nevertheless, promotional activities “soften” up the target audience while salespeople (the “ground forces”) finish up everything.

No matter how tirelessly you promote and no matter how much you spend on marketing, making a sale usually requires someone from a company to do four things in exact order:

  1. Interrupt someone’s day and turn them into a prospect;
  2. Figure out what prospects truly care about;
  3. Demonstrate how the product/solution exactly meets their needs;
  4. Confidently ask them to sign up.

To be successful, companies have to repeat this process with multiple people each and every day.  If you’re not focused on the four activities above, you are wasting time and money.

But it’s not just glad-handing, socializing owners/executives who are guilty of this.  Some salespeople are too.  Yes, people who actually work in sales will often promote instead of sell.

Some salespeople will wine-and-dine clients but not steer them to the close.  A good name for these salespeople would be “professional lunch eaters” or “professional coffee drinkers.”

It’s easy to do the relationship-building part of sales, but it’s hard for some people to follow through with the closing part. Asking for the order is inherently difficult, because it’s not fun to be turned down. It’s human nature to avoid rejection. Because of that, many people put themselves out there, build relationships and simply hope and pray that the clients will come to them.

That’s too passive. Waiting for people to volunteer to be your clients might work occasionally, but it won’t generate enough business to sustain you.

It’s true that successful entrepreneurs, executives and sales professionals must engage in promotional activity, but that is simply a means to an end. Your success is ultimately judged when your prospect signs their name on the dotted line.  That means you must be constantly focused on the real measure of success.

Jeff Beals shows you how to find better prospects, close more deals and capture greater market share.  Jeff is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant. A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.”

Here’s Why Should You Choose Jeff Beals as Your Next Speaker:

“Jeff Beals has presented four different topics at five of our internal events in 2016. At each event, the audience of commercial real estate principals and agents was completely engaged and motivated the entire time. Jeff facilitates his training sessions in such a way that each member of the audience was able to relate and understand how to apply it every day in the field. Jeff is brilliant, and we have hired him to continue speaking at our events in 2017!” – Lindsay Fierro, Senior Vice President, NAI Global, New York, NY

“Your workshop was a huge experience for our attendees by giving them the opportunity to improve their work in the critical environment in which we are living today. Your talent as a speaker and your qualities as a person made the difference during your time with us. I would certainly recommend you to anyone who asks.” – Ana Paula Costa, Educational Planner, Febracorp, Sao Paulo, Brazil

I’m in Phoenix and had breakfast earlier this morning with our semi-retired sales representative who is doing some continued work for us here.  He attended your sales meeting last week and told me that in 43 years of selling, you were the best he had ever heard.  Thanks for a great experience.” – Drew Vogel, President & CEO, Diamond Vogel Paints, Orange City, IA

“Our corporate partnership team had great takeaways regarding how to network smarter while also understanding the importance of our personal brand to current and prospective partners. Jeff does a great job weaving in real-world examples and how you can apply his teachings to growing your business and building long-term partnerships.” – Jason Booker, Senior Director of Corporate Sponsorships, The Kansas City Royals Major League Baseball Team

+1-402-637-9300

info@jeffbeals.com

The 7 Deadly Myths of Closing Sales

the-perfect-close-front-cover

By Jeff Beals

Do you want to be more effective at closing deals? If so, you might need to change your way of thinking, because closing is actually “an act of service.”

So says sales consultant James Muir in his special report, The 7 Deadly Sins of Closing and the Statistical Truth that will Improve Your Sales.

“Your customers expect you to help them make the positive changes that will bring about their desired results,” says Muir, who is also author of the best-selling book, The Perfect Close. “They expect you to encourage them to become better than they are…Be their coach and guide them through each little commitment it takes to achieve their goals.”

To that end, Muir gives us his seven deadly closing myths – the counterproductive beliefs that too many sales professionals harbor – and the facts that correct those myths.  Hopefully, most of the disproven myths below will not only improve your selling abilities but also liberate you from negative feelings and attitudes.

Myth 1 – Sales gambits work

Muir uses the word, “gambits” to describe cheesy and manipulative closing techniques designed to force a commitment. As it turns out, closing gambits hurt more than they help. Muir cites data indicating that sales success actually drops 15 percent when you use little tricks or act like the quintessential used car salesman.

Myth 2 – Always Be Closing (ABC)

Speaking of pushy, old-style salesmen, the long-accepted advice of ABC – Always Be Closing – actually does more harm than good. According to ABC philosophy, sales reps should be coiled like hungry lions ready to pounce at any opportune time. Buyers, especially sophisticated ones, hate ABC salespeople. Muir says that beyond the first attempt, there’s a negative correlation between sales success and multiple close attempts.

Myth 3 – Closing gambits work on both large and small sales

If you do insist on using closing gambits, you better be a person who sells very low-priced or consumable items. Muir says low-frequency close strategy is more important as the price of the thing being sold increases.

Myth 4 – Closing gambits show you want the business

Perhaps so, but do you think it’s good to look desperate?  Muir shows us that the use of closing gambits damages trust rather than positively proving that you want and appreciate the business.

Myth 5 – Customers are happier after making a decision, so using sales gambits is actually helping them

Some sales reps use this myth to justify unbecoming aggressive behavior. Such salespeople convince themselves that the prospects will be better off once they have the product or service, so the end justifies whatever means are necessary. You won’t be surprised to hear that Muir refutes this myth too as customers are less satisfied with decisions made under pressure.

Myth 6 – The sale will close itself

The first five myths are liberating, because they show salespeople they do not have to be the stereotypical people everyone else hates. The sixth myth is different; it reminds you that you still need to make some level of effort to close the deal. Many salespeople feel if they do a good job discovering prospect value, building trust and portraying product benefits, prospective clients will just volunteer to give them money. You still need to ask. Customers see the salesperson as a leader. That means they tend to wait for the salesperson to call the question even when they are convinced they want to buy the product.

Myth 7 – Sales people that fear asking for commitment cannot be helped

This is the defeatist myth, which essentially says if you’re not born a salesperson, you’ll never succeed as a salesperson. Muir squashes this myth too saying that those who fear making calls or asking for the close should first address their inadequacies.  Are you shy? Do you hate being rejected? Are you secretly embarrassed of your company or feel your products are inferior? Once you get past these personal barriers, you can practice good selling habits.

Ultimately, closing sales is not the big, bad intimidating process that some people build it up to be. If you’re a consultative seller who does your homework and puts clients’ interests first, the close is easy. When the time is right, all you have to do is ask.

By the way, if you want to learn more about James Muir as well as his sales training and coaching services, go to PureMuir.com. You can also order a free copy of Muir’s sales myth report at that site or purchase his new book.

Jeff Beals shows you how to find better prospects, close more deals and capture greater market share.  Jeff is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant. A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.”

Here’s Why Should You Choose Jeff Beals as Your Next Speaker:

“Jeff is sure to deliver an engaging and motivating speech! He cleverly ties together his stories and makes the speech end with a punch. Being the closing speaker is tough, but he stepped-up to the challenge and hit a home-run. Due to the high ratings and overwhelming response to re-watch his speech, we are planning on using his video during our NextGen watch party.”  – Megan Dotson, Senior Client Success Consultant & Event Director, GovLoop.com, Washington, DC

“Your workshop was a huge experience for our attendees by giving them the opportunity to improve their work in the critical environment in which we are living today. Your talent as a speaker and your qualities as a person made the difference during your time with us. I would certainly recommend you to anyone who asks.” – Ana Paula Costa, Educational Planner, Febracorp, Sao Paulo, Brazil

“Our corporate partnership team had great takeaways regarding how to network smarter while also understanding the importance of our personal brand to current and prospective partners. Jeff does a great job weaving in real-world examples and how you can apply his teachings to growing your business and
building long-term partnerships.” – Jason Booker, Senior Director of Corporate Sponsorships, The Kansas City Royals Major League Baseball Team

“If you are considering hiring Jeff, I will only say this: do it now. His ability to connect with an audience and explain the importance of telling the story is nothing short of extraordinary. The true litmus of any great speaker is authenticity. And when authenticity is coupled with an incredibly high amount of energy, humor, and engagement – you get Jeff.  I would highly recommend him to anyone who needs a speaker attendees will talk about for a long time to come.” – Alison Cody, Executive Director, Manufacturers’ Agents Association for the Foodservice Industry, Atlanta, GA

“I’m in Phoenix and had breakfast earlier this morning with our semi-retired sales representative who is doing some continued work for us here.  He attended your sales meeting last week and told me that in 43 years of selling, you were the best he had ever heard.  Thanks for a great experience.” – Drew Vogel, President & CEO, Diamond Vogel Paints, Orange City, IA

+1-402-917-5730

info@jeffbeals.com

Why Do Some Sales Professionals Fear the Close?

By Jeff Beals

During a sales seminar last week, I asked the attendees a question: “What is your least favorite or most intimidating part of the sales process?”

It’s a question I commonly ask sales professionals toward the beginning of a presentation.

And regardless of industry or profession, the answers are always the same. Approximately 40 percent of the attendees are most intimidated by initial prospecting calls and another 40 percent say, “the close,” asking a prospective customer for their business. (The remaining 20 percent identify a variety of miscellaneous things).

Why do so many sales professionals dread these same two things?

There are a lot of reasons:

  • Fear of rejection
  • Fear of failing
  • Not wanting to sound “pushy”
  • Fear of sounding stupid or ill prepared
  • Inferiority complex – about yourself, your company or your product
  • Unsure of the timing – fear of losing what appears to be a sure-fire sale if you ask for the business at the wrong time

What’s a Salesperson to Do?

Be Obsessed with Value

The most fundamental element in closing any sale is to determine what the prospective client truly values without ever assuming. The salesperson may have more product knowledge than the prospective customer but that doesn’t mean the salesperson has the ability to read clients’ minds. You need to ask probing questions and listen deeply to the answers. If you do this properly, and take the necessary amount of time, you will know just what your prospect wants. When you make your pitch, customize it to exactly what the prospect told you. Value selling does more to ensure a successful closing than anything else you can do.

Think Sequentially

Remember the old sales axiom, “ABC – Always Be Closing?” It means you’re always looking for an opportunity to jump to the end and sign up the prospect. Flush “ABC” from your mind! Sure, it’s a good idea to keep your eye on the prize, but instead of crouching ready to pounce on a close, focus on the next step in the process. Don’t rush things. In this day and age, buyers – especially sophisticated ones – don’t take kindly to being pressured.

Just keep working the prospect through all the steps in the selling process in the proper order with adequate time at each step and you will close more than your fair share of deals.

Collect Mini Closes

A sales close is basically getting the prospective client to make a commitment. The “big” close is the final commitment at the end, which is the commitment to buy. But closing also involves lots of little commitments leading up to the big commitment. These are commitments to spend time with you, to listen to you, to consider what you offer, to admit they need to make a change/purchase, etc.

Each time you convince your prospect to make a little commitment during the process, you are moving him or her a little closer to the final commitment and your goal of a signed deal.

Eventually You Have to Ask

After you do all the work leading up to the final close, it’s time to ask for the order. Unfortunately, this part can make salespeople feel nervous. After all, you have put so much effort into making the sale that you fear getting your feelings hurt and your confidence bruised. Plus, you may have already spent the commission!

Those are normal fears, but when the time is right, just ask the question! The good news is you don’t need a cheesy gimmick to seal the deal. You know what the client cares about and you know you have an ideal product solution, so all you have to say is, “Let’s get you started” or “Are you ready to do this?” Avoid clichés like the age-old one I like to make fun of: “What will it take to get you in this car today!”

In the end, the main requirement to being a good sales closer is to do the right things earlier in the process. In other words, if you do a good job of listening, building trust and doing your best to customize your products and services to the client’s needs and wants, the closing should actually be a mere formality.

Jeff Beals shows you how to find better prospects, close more deals and capture greater market share.  Jeff is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant. A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.”

Here’s Why Should You Choose Jeff Beals as Your Next Speaker:

“Jeff is sure to deliver an engaging and motivating speech! He cleverly ties together his stories and makes the speech end with a punch. Being the closing speaker is tough, but he stepped-up to the challenge and hit a home-run. Due to the high ratings and overwhelming response to re-watch his speech, we are planning on using his video during our NextGen watch party.”  – Megan Dotson, Senior Client Success Consultant & Event Director, GovLoop.com, Washington, DC

“Your workshop was a huge experience for our attendees by giving them the opportunity to improve their work in the critical environment in which we are living today. Your talent as a speaker and your qualities as a person made the difference during your time with us. I would certainly recommend you to anyone who asks.” – Ana Paula Costa, Educational Planner, Febracorp, Sao Paulo, Brazil

“Our corporate partnership team had great takeaways regarding how to network smarter while also understanding the importance of our personal brand to current and prospective partners. Jeff does a great job weaving in real-world examples and how you can apply his teachings to growing your business and
building long-term partnerships.” – Jason Booker, Senior Director of Corporate Sponsorships, The Kansas City Royals Major League Baseball Team

“If you are considering hiring Jeff, I will only say this: do it now. His ability to connect with an audience and explain the importance of telling the story is nothing short of extraordinary. The true litmus of any great speaker is authenticity. And when authenticity is coupled with an incredibly high amount of energy, humor, and engagement – you get Jeff.  I would highly recommend him to anyone who needs a speaker attendees will talk about for a long time to come.” – Alison Cody, Executive Director, Manufacturers’ Agents Association for the Foodservice Industry, Atlanta, GA

“I’m in Phoenix and had breakfast earlier this morning with our semi-retired sales representative who is doing some continued work for us here.  He attended your sales meeting last week and told me that in 43 years of selling, you were the best he had ever heard.  Thanks for a great experience.” – Drew Vogel, President & CEO, Diamond Vogel Paints, Orange City, IA

+1-402-917-5730

info@jeffbeals.com