Showing posts with label partnership. Show all posts
Showing posts with label partnership. Show all posts

Wednesday, June 27, 2012

Can't We All Just Get Along

I remember a few years back initiating a conversation in a LinkedIn group. What I thought was a topic that would inspire thought leadership turned into a war of opinions. I remember thinking to myself, "I'll never do that again". Not many things remain consistent in the ever-evolving world of social media, but my apprehension to participate in LinkedIn group discussions has.

Here are 3 trends that put a sword through the heart of the intended purpose of LinkedIn Groups:
1. "Vendors" use a "buyers" search for a solution
as an invitation to showboat
2. Personal indiscretions derail healthy debate
3. A discussion is created to bait competition

Why Decision Makers Only Passively Use LinkedIn
I remember being in an interview just out of college. I was nervous. I met a hiring manager at a run down motel to talk to him about his business. I think they supplied roofing materials to various hardware stores....? After being berated with questions, the "roofing guy" asked me if I had any questions for him. I asked him one in reply of which he went into (another) 10 minute diatribe that ended at something worlds away from the question I had asked. I didn't get the job but I learned an early professional lesson: Being a self-important jerk is no way to succeed.

...which leads us to a fundamental failure in LinkedIn groups. In order to aid an educational seminar I was conducting, I asked a question in a LinkedIn group. A person replied in terms that related completely to the company I worked for and his perception of us. He did not answer the question because he saw my request for collaboration as an attempt to sell something. Though my intentions were genuine, I can't say that I blame him.

You Suck (and other contextual abuses)!
I'm not sure I have heard the above noted 2 word salute in any given LinkedIn group but I can tell you it's come close!

Here's how it works:
1. A well-intended late adopter of social media builds up the courage to ask a question of the group
2. The sharks smell blood in the water
3. An argument over which vendor's solution is better ensues
4. Personal indiscretions arise from the thread

The aforementioned 4 step process emphasizes why decision makers shy away from social media. Like the "roofing guy" some see a request for information as a right to advertise.
Social Media is not a place for salesmanship! If you think that you are going to close a deal by touting your solution, website, and cell phone number in a LinkedIn group you are high as a mofo!

Posers
There are a slew of people (and you know who you are) who get a pay check from a "vendor" but pretend to be independent consultants. They bait the competition, the sharks bite, and they use their political science degree to dispel the over-aggressive sentimentality. I can't say I blame them either.
Influence is not for Sale!

I think it is really important to consider this when participating in LinkedIn groups:
1. Direct selling in social media is a one way ticket to hackville.
2. Until "vendors" start acting like adults in social forums, your buyers are not going to play in your sandbox.
3. The internet is written in ink.

I petitioned several times to be a speaker at a variety of conferences. I was consistently denied because I framed my intent so as to downgrade my competitor’s solution and promote why my widget was better. Over time I learned that people spend time away from their families at conferences because they want an outside source to tell them why their job is important. That is what differentiates a partner from a vendor.

So I took on the practice of sitting in on conference sessions and gauging the presumed buyer’s reaction.

Here's what they hate:
1. Product dumping
2. Promotion of the products of the company who paid for your flight and hotel room
3. Death by PowerPoint
4. The speakers abuse of the attendees time by thinking he/she knows more than they do

And then the doors opened...

* I learned to stop talking and to start listening.
* I learned people hate so-called experts.
* I learned that people who buy things and people who sell things share the same passion.
....and that most sales people have a knack for destroying this commonality within 5 minutes!

We are all in this together. The reason why it seems otherwise is because your bravado caused your audience to instantly distrust you!

Don't Forget to Remember!

Dave

Friday, May 11, 2012

Why Salespeople Lie

The world of business is currently mired in platform development, entrepreneurial risk taking, and cutting edge business planning. The most profitable companies are the best places to work because the culture is relaxed but the players are putting in long hours. Technology has streamlined the way we work. The politics and formalities are breaking down in favor of collaborative business improvement planning. It is as it should be.

Ties are not comfortable, meetings that tip toe around issues are not productive, and people who pretend to be experts are anything but. We are becoming more honest with one another because we have learned from the mistake of trusting the wrong people. Business partnerships are built on personal relationships. Mistakes are forgotten when the intent is right and partnerships are destroyed when the expert is revealed as a court jester.

In simplest terms, a lot of the things that used to be characterized as "professional" were a smoke screen. So how do we see through the smoke...?

Stop Lying
I have been in sales consulting and sales training for 15 years and I can tell you this....sales people are liars. It's the thing that makes people hate salespeople. So the process for success is incredibly simple:
Tell the truth!

In the movie, "In Good Company", the great Carter Duryea convinces a bunch of industry veterans that his education and youthful motivation have applicable relevance in the marketplace. It works for a while. But when he meets the boss' daughter in the elevator he admits to her that he has no idea what he is doing. It is a refreshingly human moment. While it is probably not best to completely reveal your cards, I can tell you that in time the pretenders are always revealed for their true selves. Why fake it?

As a salesperson, your target buyer will often ask you leading questions in an effort to measure your BS meter. Many salespeople see this as an opportunity to showcase their expertise (and it often might be). But if you talk yourself in circles, you destroy your credibility. Let me advise you are 3 simple things:
Allow silence to linger.....don't believe you have to keep talking
Address questions directly
Don't allow the past to sidetrack your strategy

We Weren't There
Have you ever asked a salesperson a yes/no question and gotten a 20 minute answer? Did the answer even address your question? In sales anticipating pitfalls is critical. If one knows their product cannot perform a certain function, they might seek to disguise that. In fact, they may overexpose their fact masking because they are so afraid that their past product failures will resurface. Often times, the aforementioned paranoia exposes an inefficiency that does not even apply to the situation. Then, you lose because you lied.

Quick tip: don't buy from someone who does not directly address your questions, they are hiding something.

So Then...
Be honest but don't reveal your hand. Sound contradictory? Not really.

The process is simple: Someone needs something and you have something to give.

Why complicate the issue?:
You do not want to leave any stones unturned...so ask good questions!
You do not want to miss a buying signal...so do your research!
You do not want to validate your buyers stereotypes....so be honest!

Don't Forget to Remember!

Dave

Monday, March 26, 2012

Sales 2.0

Over the last few weeks, we reviewed the concepts of Social Selling and The Social Enterprise. This week we will marry the aforementioned concepts in the revolution known as Sales 2.0. In my estimation there are 3 key characteristics to Sales 2.0:
  • Introducing Compelling Content
  • Performing Rock Star Presentations
  • The Forgotten Concept of Human Interaction
Cold Calling is Dead
Very few people answer the office phone, everyone has caller ID, and calling from a blocked number is a poor way to establish trust. Everyone is busy and interruptions are never well received. Even the magic phone controllers of yesteryear need a point of reference these days.

In order to make an impact you need content to support your prospecting efforts that is easy to access and simple to understand:
  • Value propositions must be conveyed within 10 seconds
  • Content has to be written in your prospective customer's language
  • The best way to intrigue your buying audience is by entertaining them 
Maybe you have a knack for writing concise and meaningful emails. You might be able to peak customer interest through video sharing. Maybe social media has served as an engagement point. These days a phone call or smile without significant content attached to it will commoditize you as another pretty face.

Wake Up Call
Sales teams spend countless hours preparing for the big pitch. We think ourselves in circles obsessing over the intricacies of our products and services. We get in front of a prospective customer and take them way down the rabbit whole....a 90 minute crash course training on how our products works......without considering WHY they would want to use it. Repeat this pain staking process 4 times and you have a day in the life of a buyer....no wonder why they're grumpy.

All sales people want to be Rock Stars....your content and how you present it is your Rock Opera!

You can differentiate yourself from the other boring presenters by doing the following:
  • Deliver multi-media presentations that are "fun" for your audience
  • Consult in an interactive manner
  • Articulate a business solution (not a product or service)
We all know the fine points of where we are better than our competitors....our buyer doesn't care. The key to wining is presenting as if you were a co-worker not a potential "vendor".

The Secret Sauce
The sales folk are aggressive and articulate but they still seem to believe their gift of gab is all that matters. The marketing folk have amazing content but engaging at the point of sale requires more than product functionality. Sales 2.0 brings great content and differentiated consultation together. But, don't fall into the trap. There are products built by brilliant programmers who know how products function but are unable to articulate why they will make a potential customer's business better. It's not about the widget!

The key to winning in sales is to develop the ability to become a consultant not a salesperson, a partner not a vendor, a friendly advisor not an annoying product pusher.

Consider This....
  • Don't demonstrate a product, present a solution
  • A brand is only as good as the people who represent it
  • Make is easy
  • Make it fun!
Don't Forget to Remember!

Dave          

Thursday, June 23, 2011

Welcome to Swagville!

The 2011 SHRM Conference is upon us. Attend a few courses, get your certifications renewed, see some old friends....maybe do a little site seeing or grab a drink. But there is a 12,000 pound Elephant in the conference center: SWAGVILLE!

Also know as the Exhibitor Hall, Swagville is a place where uniformed sales people scan your badge and give you a collection of logo-ed items.

I am wondering if this elephant is a necessity. For "vendors" it is an opportunity to essentially have thousands of client meetings in one day. For "attendees" it is an opportunity to gather a bag full of branded toys for the kids.

Question: Have you ever implemented an organizational program because of a logo-ed stapler?

Maybe you have. Maybe the impression of a logo on an office aid actually has an impact. Maybe if you are a kid growing up with a logo-ed stapler in hand, you are forever involuntarily embedded with brand loyalty???

Vendors pay A LOT of money to exhibit at conferences. The quality of the various conversations usually opens opportunity for new partnerships and the investment is paid for. But, I am wondering if the swag is necessary? If you walk past a booth and grab a pen does it have any relevance to making your business better? Does a stuffed animal actually encourage you to seek out a vendor for help?

These chotsky's break pretty easily, they are extra stuff to carry on a plane, and the branded bag they come in will probably taint your fruit if you use it at the farmers market.

So, there is no business relevant conversation, you are forever surrendered to an email list referencing a product that has no significance to the job function you perform...the junk soon breaks and is trashed. Bad for the environment, costly to vendors, meaningless to attendees.


In 2012, I propose we eliminate the swag! All vendors take their previous year's swag budget and make a charitable donation. The Exhibitor Hall is now reserved for people who are serious about adding a product/service to compliment their organization. If you are not a decision maker or do not have a need for a service, you can avoid the Exhibitor Hall. This promotes meaningful and relevant conversation among people who are genuinely invested in forming partnerships. I would bet the same ROI would come to the vendors and meaningless transactions would be terminated.

Businesses grow and prosper, kids are spared the disappointment of their favorite branded toy breaking in half, the environment is spared and a charity of each vendors choosing is rewarded with money they can genuinely use!

Let's get back to partnership building with a purpose! Let's make the world a better place!

Don't Forget to Remember!

Dave

Wednesday, February 2, 2011

Collaborate

Welcome to the first installment of the Employee Purpose Perspective. This is a 7 part blog series that will challenge you to breath the winds of change into your organization.

Salesforce.com has become one of the most profitable companies in the world over the last five years. The interesting thing about Salesforce.com is that they have developed camaraderie in the cloud. First, they developed a world class CRM tool, then they invited potential competitors to create apps to compliment their service suite.

Imagine that...an industry leader focused on collaboration not competition...?

In the advent of social media we have seen a shift from company logos to personal brands. We have found ways to share ideas instead of locking them away. An individual (who may not have a leadership position within the walls of their company) has an opportunity to reach far more people through their blog, twitter or facebook page.

We drive ourselves nuts worrying about the competition. What if that didn't matter? What if we could work freely without paranoia of giving away secrets? What if we could look our competitors in the eye and say, "this is what we do, try to stop us". What if we could coexist in an industry space without having blood money circumstance? My contention is that the transparency of open business practices forces us to have better customer service, better relationships and tailored solutions. We are not fighting for the same customers, we are developing lifelong partnerships. There is no blood in the water because we are all sailing in our own direction.

Companies like LinkedIn and Zappos have created a space on Twitter to address customer issues. Completely out in the open. It would seem that you would have to have great confidence in your customer service to open a complaint file for millions to view. Either that, or you are willing to share the hiccups and your ability to cure them. Honesty driving business efficiency....another shocking development!

There are 3 Principles to Collaboration:
1. Shared Vision
2. Profitability
3. Rewarded Resource Allocation


Vision
Everyone wants to work with the Fortune 500. If you run a 5 employee start up, you may not have the bandwidth to service GE. 'Tis better to understand your limitations than to drain the bucket pretending it can contain a big fish.

Profits
Would you rather spend all day trying to please one customer or service 100 customers with organic efficiency?

Our most difficult customers are difficult because we bent over backward pretending we could please them...and have been performing back flips ever since.

Rewards
Thank You is a great thing to hear. Great expectations and their according challenges are any customer's right to business elevation. But, this has to be an empowered process. If you are always asking for more by the entitlement of a paid invoice, you are missing the point of partnership. Say Thank You after every challenge is over come....and learn to forgive if the effort is there and human error wins over once in a while.

The first step in making the career you want out of the job you have is finding the right customers. If you force partnerships you will....drain your resources, piss off your co-workers, spend your days checking your phone and spend your nights awake.

Define your target market and utilize your time accordingly!

Don't Forget to Remember!

Dave

Monday, October 4, 2010

Lost on Revenge


The story of Wall Street, Donovan McNabb's motivation in returning to Philly, The Count of Monte Cristo. In all cases, one lesson rings true...
If Revenge Is All That Motivates You, Success is Impossible!

It usually happens like this: the bully picks on you for two weeks, you get sick of it and knock him out, and when he runs off crying you end up feeling bad.

You cannot lower yourself to another's level. They are down there for a reason. Some people have very little to hang on to...when they see an intruder approaching they hoard their prize. This happens when people see an 'up and comer' and are threatened by his/her presence. The goal then of the hoarder is to bate the over-achiever into the trap of displaying their frustration...don't play that game.

I am a short tempered, prideful, hard working lad. The hardest thing for me is to hear others insult my work and to turn the other cheek. While it stings to 'let it go', I can tell you with great certainty that the squealers always get theirs. Be OK with losing an argument. When your accuser walks out the door with a box in hand he/she will not be laughing...and you probably won't either.

In short, if you are only motivated by sticking it to those who doubt you, you will not win. They wish only to see you fail and if your motivation then becomes a race to deface them first....no one wins.

You need to find within yourself what is important; and to be so diligently immersed in it that you cannot see those on the roadside throwing tin cans at your race car.

In the story of 'money never sleeps', greed engulfs an industry and our country nearly folds because of it. People from all over Pennsylvania came to see Donovan McNabb fail and he didn't. The Count of Monte Cristo escaped jail to kill his false accusers....now what? What was gained from any of the insanity of revenge? Could not that time and it's according motivation have been better spent?

There are people in my career who have screwed me over...I have forgotten most of them...and it feels good. In passing I will hear of their short comings, crack a smile and get back to living my life.

'Tis better to win and share the trophy with others than to stand on the podium and spit on those beneath you....it is beneath you!

Don't Forget to Remember!

Dave