Book Chat: The Greatest Salesman in the World

“Often I’ve heard you say that no other trade or profession has more opportunity for one to rise from poverty to great wealth than that of a salesman.” OgGreatest Salesman Book Mandino

I’m rereading “The Greatest Salesman in the World ” by Og Mandino as I fly back home from North Dakota.

This is my third, fourth or fifth time to read or reread this book as evidenced by the worn and dog-eared pages along with highlighted sentences and notes scribbled throughout the book.

It’s a quick read being only 111 pages but is packed full of sound advice and 10 principles if learned and followed will make a huge difference in your sales career.

All of this is woven around the story of a young camel boy who learns the secrets to sales success by following just 10 simple principles and becomes known as the greatest salesman in the world.

Over the past year I’ve been trying to follow the lessons in the book. (It hasn’t been that hard)

Without a doubt, this book has made a drastic difference in my approach to sales and sales management.

I should also say it has change the way I approach many things in my life.

None of the principles are anything I didn’t already know. Heck, most are common sense and already practiced. However, Mr. Mandino presents these principles in a way that leaves readers (me) feeling inspired and thinking “now I understand what it takes to be a great salesman”.

Many of the posts I’ve written over the past year,especially “The Rainmaker Series” of posts, were  inspired by this book. In these series of articles I discussed:

  • Know, Like and Trust
  • Persistence
  • Emotions
  • Replacing bad habits with good habits

I also have begun recommending and coaching the teachings from this book. (I wish I had known about this book sooner.)

Conclusion

I highly recommend “The Greatest Salesman in the World” and would consider it required reading for anyone who aspires to be the best.

My favorite quote from the book:

“Failure will never overtake me if my determination to succeed is strong enough.”

Thank you for taking the time to read this article.

If you would like, please leave a comment below or you can email me at feedback@wewaonthenet.com.

You can also follow me on Twitter at www.twitter.com/WE_Ward where I tweet articles I come across that I think may be of interest.

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P.S. – If you have been reading my blog for a while and feel it would be of value to your friends, co-workers or other salespeople you know, I would appreciate your recommendation. Your referral would be greatly appreciated.

Now let’s get out there and over-deliver!

To Be Perfectly Honest With You

If you find yourself using the phrase “to be perfectly honest with you” in your sales presentations or in normal conversations with your customers you need to think about what you’re saying.

This week we had a manufacture’s representative introduce his new products to our sales team and a few of our customers. We catered lunch, had a decent crowd (hint: if you provide food people will show up) and was looking forward to learn something new.

Instead, what I heard was a repetition of “to be perfectly honest with you” each time he tried to emphasize something important he was going to say or make something he was about to say more believable.

“To be perfectly honest with you …”

This was like someone scratching a chalkboard with their fingernails. Every time I heard this phrase, I cringed and hoped others (especially our customers) weren’t feeling the same way.

I began to wonder, if what he said before saying “to be perfectly honest with you” wasn’t honest and now what he’s saying is or did he feel he had to preface his upcoming statement with “to be perfectly honest” before he felt comfortable being less than honest?

I hope neither statement is true.

Most likely, this is just one of those annoying words or filler phrases that creep into our presentations that are not needed, such as:

  • “right”
  • “uhh”
  • “you know”

I’m pretty sure there was no intent of dishonesty but it did leave me questioning his choice of words.

I really couldn’t tell you much about the new products he was showing but I think the food was pretty good.

I do know for me, the presentation was sidetracked by a simple phrase.

Conclusion

So, what do you think when someone begins a statement with “To be perfectly honest with you?”

Does this make you wonder about the truthfulness of what they are saying or is it just the sales coach in me being overly critical?

Please email me your thoughts. I’d love to hear from you.

If you find yourself needing to start a sentence with “To be perfectly honest with you …” you probably want to consider or reconsider your words more carefully!

Thank you for taking the time to read this article.

If you would like, please leave a comment below or you can email me at feedback@wewaonthenet.com.

You can also follow me on Twitter at www.twitter.com/WE_Ward where I tweet articles I come across that I think may be of interest. 

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P.S. – If you have been reading my blog for a while and feel it would be of value to your friends, co-workers or other salespeople you know, I would appreciate your recommendation. Your referral would be greatly appreciated.

Now let’s get out there and over-deliver!

More About Them and Less About You (80/20 Rule)

It’s Monday morning and you just had a great weekend. You get back to work and someone asks about your weekend. You no more begin to tell how much fun you had when they jump right into their exciting or not so exciting past couple of days. You sit there and listen “never once” getting a chance to answer the original question or much less being able to talk about your weekend.

or

You ask a friend out for lunch and all they do is talk about their life. “Never once” considering why you asked them out to lunch or caring about what’s happening in you life. While the conversation may be pleasant, do you wonder if they really care about you?

or

You come home from work, sit down at dinner and afterword realize you only talked about your day. “Never once” thinking about anyone else’s day at the table.

How do you feel?

Pareto Principle (80/20 rule)

Maybe you’ve heard of the Pareto Principle or often referred to as the 80/20 rule. It states that roughly 80% of the effects come from 20% of the80/20 Rule Blackboard causes. Or as Pareto observed that 80% of the peas came from 20% of the pea pods but I digress.

In Business and Sales it is widely accepted that:

  • 80% of a company’s profits come from 20% of its customers
  • 80% of a company’s complaints come from 20% of its customers
  • 80% of a company’s sales come from 20% of its products
  • 80% of a company’s sales are made by 20% of its salespeople

But you may ask “What does this have to do with talking about my weekend or lunch with a friend?”

Maybe nothing but:

What if your friends used the 80/20 rule and spent 80% of the time asking and talking about what you want to talk about and 20% about themselves and what they want to discuss.

How would you feel?

I’m sure you would walk away from this discussion or lunch feeling completely different.

You would most likely want to include them more in your conversations and invite them to lunch more often because they have demonstrated they care about you and what you have to say.

By simply making the conversation less about them and more about you, your perspective about them completely changes. Agreed?

As Salespeople we often make the same mistakes as our friends.

In our efforts to get our customers to like us and buy our products and services, we want to tell them how good we are, how great our company is and all the ways we can help them. “Never once” thinking about what our customers want to discuss.

How do they feel?

We fail to ask the questions that allow them to say what they want to say and forget to listen to what they do say.

We may ask our customer a question about themselves or their business but in our haste and excitement to make a sale or promote ourselves we quickly jump into talking about what we are there to discuss.

“We end up talking mostly about us and little about them.”

This must change.

What would happen if you implemented the 80/20 rule in your next sales call? Making sure that 80% of the conversation is about them and their company. Listening for their wants and needs. Helping them find solutions to their problems. Then making sure only 20% of your time is talking about you and your company.

Do you think your customers would walk away from this sales call feeling completely different?

Would you begin separating yourself from your competitors?

If you customers know you care about them and recognize you are not just there to make a sale, would they be more comfortable including you in their discussions and valuing what you have to say?

Then, when the time is right, they will be buying the products and services you have to offer. I strongly believe this will be the case.

Conclusion

  • It will not be easy to implement the 80/20 rule with your customers.
  • It will require to be prepared for each and every sales call.
  • Be intentional and engaged with the customer, resisting the urge to mostly talk about yourself and your company.
  • Making sure your customer knows you care before asking for the order or diving into your well crafted sales pitch.
  • Remembering 80% them, 20% me.

I think it really boils down to intentionally giving (spending) most of your time making sure your customers and friends know you care about them and less of your time talking about yourself or asking for something in return. 

Thank you for taking the time to read this article.

If you would like, please leave a comment below or you can email me at feedback@wewaonthenet.com.

You can also follow me on Twitter at www.twitter.com/WE_Ward where I tweet articles I come across that I think may be of interest. 

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You can unsubscribe at anytime.

P.S. – If you have been reading my blog for a while and feel it would be of value to your friends, co-workers or other salespeople you know, I would appreciate your recommendation. Your referral would be greatly appreciated.

Now let’s get out there and over-deliver!

Book Chat: Essentialism: The Disciplined Pursuit of Less

From the book “Essentialism”:

  • Have you ever found yourself stretched to thin? 
  • Overworked and underutilized?  
  • Busy but not productive? 
  • Always in motion but getting nowhere? 

If you answered yes to any of these questions, the new book by Greg McKeown called “Essentialism: The Disciplined Pursuit of Less” is a must read.

Essentialism is the discipline to distinguish between what the Author calls the “trivial many” and focus on the “vital few” things that truly make a difference. It’s the relentless pursuit of “Less but Better.”

This book really hit home with me as I seem to always be stretched to thin. I take on too many projects, underestimate the time it will take to complete many of these tasks and let work creep into much of my cherished personal time.

Essentialism not only exposes many of my struggles with time (or lack of time) but also lays out a mindset to begin eliminating the non-essential and focusing on what is essential.

I know I cannot do this book justice with a summary review. There are just too many gems scattered throughout the book. So, here or a few of the things I highlighted.

* Essentialism is not about how to get more things done; it’s about getting the right things done.

* If you don’t prioritize your life, someone else will.

* I can do anything but not everything.

* If you could be truly excellent at only on thing what would it be?

* The Johnson & Johnson example: Customers are first, shareholders are last.

* The Closet Story – You will never look at your closet the same. 

This is just a few of the highlights. In fact, I can’t remember a book that I have highlighted so many lines and dog-eared so many pages.

Essentialism is not a how-to book but does teach a method to be more efficient, productive and effective in a systematic way.

This book most certainly will be one of the more important books written this year and possibly a game changer in the way we choose the best use of our time.

I strongly recommend you read this book if you or anyone you know struggles with lack of time.

But if you’re still not persuaded enough to shell out $15 for the hard copy or $9.99 for the Kindle Edition, the author will share the 1st chapter of the book if you subscribe to his email list. Simply go to www.gregmckeown.com and subscribe.

I can tell you I read the 1st chapter a couple of times before reading the rest of the book. The 1st chapter is that good!

If you don’t start choosing what you want to do, someone else will!

Thank you for taking the time to read this article.

If you would like, please leave a comment below or you can email me at feedback@wewaonthenet.com.

You can also follow me on Twitter at www.twitter.com/WE_Ward where I tweet articles I come across that I think may be of interest.

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You can unsubscribe at anytime.

P.S. – If you have been reading my blog for a while and feel it would be of value to your friends, co-workers or other salespeople you know, I would appreciate your recommendation. Your referral would be greatly appreciated.

Now let’s get out there and over-deliver!

Loyal vs Satisfied Customers – What’s the Difference

Loyal customers are much different from satisfied customers. Loyalty Compass

Do you know the difference?

I didn’t but I think I do now.

During a training session this week we explored the differences between the two.

Derek Roberts, our sales coach for this week’s training described the difference this way:

“A satisfied customer says I received value (I’m satisfied) whereas a loyal customer says I received value and I am valued (I’m a loyal customer).” 

Can you see the difference?

A satisfied customer believes they pay a fair price and receive value for the goods and services they receive.

A loyal customer believes the same as a satisfied customer but also believe (know) we value them as much as a customer as they value us.

Transactional vs. Relational

A satisfied customer is more transactional (an exchange of goods and services for money) whereas the loyal customer is much more a relational transaction. They want to be valued as much if not more than the value they receive.

How many companies consider you a loyal customer?

Derek, gave this example:

He has been a long time customer of his Internet Provider. They mostly meet his demanding needs which the other providers in the area can’t. He is subscribed to their premium package and doesn’t require much attention from them. However, when he does have a problem they seem to always mess up. They get the billing wrong, make him wait for what seems like hours to talk to someone. You get the idea. So, Derick is at best satisfied but also feels almost like a hostage.

But he suspects the Internet Provider considers him a loyal customer. He has had a long relationship with the provider. He is signed up for the best packages they have to offer. They don’t hear many, if any complaints therefore he must be loyal.

Derek is far from being a loyal customer. I don’t think he would even consider himself a satisfied customer. He goes all over the country telling this story about how unsatisfied he is with his internet provider, yet I think he is probably on their list as a loyal customer.

A loyal customer will stand up and sing your praises to all that will listen. They are willing to put their reputation on the line for you and your company. They will refer you to their friends, family and anyone they feel you could provide a value. It’s more than a fair price. To a loyal customer it’s about the relationship between you and them.

Satisfied vs. Loyal Employee 

Another good example that I think we can all relate to is a satisfied employee vs. a loyal employee.

A satisfied employee feels they receive value for the work they perform. (fair pay, benefits and working conditions)

A loyal employee also feels satisfied (transactional) plus they know they are also valued (relational).

The benefits provided by both loyal employees and loyal customers are much the same. Both customer and employee loyalty is one of the most important factors in any successful company.

Loyalty vs. Longevity 

We must not confuse longevity for loyalty as I think Derek’s internet provider probably does. I don’t believe time has anything to do with loyalty. I think it’s a common mistake made by many of us. We mistake years of being a customer as a measure of loyalty.

Nor can we believe we can have a loyal customer without them being a satisfied customer first. Without first providing value (I’m satisfied) it will be next to impossible to build the relationship a loyal customer expects.

Conclusion

Will you begin thinking of what makes you a loyal customer and let me know?

I would also like you to start thinking what you need to do to convert your satisfied customers into loyal customers?

If you are blessed with many “truly” loyal customers do your very best to never let them become just satisfied!

The road to having loyal customers begins with satisfied customers first. Once they find value in what we have to offer we must continue gaining their trust and making sure they know how much we value them.

Thank you for taking the time to read this article.

P.S. – If you have been reading my blog for a while and feel it would be of value to your friends, co-workers or other salespeople you know, I would appreciate your recommendation. Your referral would be greatly appreciated.

If you would like, please leave a comment below or you can email me at feedback@wewaonthenet.com.

You can also follow me on Twitter at www.twitter.com/WE_Ward where I tweet articles I come across that I think may be of interest.

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A little something extra:

Customer loyalty doesn’t have to be a personal relationship. I consider myself a loyal customer to Amazon. I wish they were local but that’s not to be. I have always been satisfied with their prices, delivery and customer services (I receive value) but it’s the service and contact after the sale that makes me feel valued. I know they don’t know me from Adam but they always ask my opinion of the products I buy. Anytime I’ve needed to return something it has never been a problem. And they are always sending me recommendations of products they think I may need (ok two out of three ain’t bad). I hope you get the picture.

I’m always recommending Amazon and trust that they will treat others as well as they have treated me.

Now let’s get out there and over-deliver!

Referrals – Don’t Be Afraid to Ask

In last week’s post “ Six Key Words You Want in Every Referral” we discussed the need for referrals and building a strong referral network.

Referrals may be the single most powerful way to grow sales. A referral from a satisfied customer greatly increases the close rate and chances of success by lessening the close time and increasing the new prospect’s level of trust. Just think about the purchases you make simply on the recommendation from a friend.

Remember, most people like to help other people they know, like and trust.

Our customers are no exception. They are willing to help if we would just ask.

In an article by Paul McCord “The 10 Biggest Referral Mistakes Salespeople Make” he says we shouldn’t be surprised “if you don’t ask, you won’t get referrals.” He suggests that nearly 70% of all salespeople don’t ask for referrals or even bring the subject up with their customers.

So, if we know that referrals are one of the most important tools in our sales toolbox, why are we so reluctant to ask for referrals?

Afraid to Ask

I think we are afraid to ask. We fear rejection, being told no or we think our customers may see us as being pushy. We fear if we ask, our customers won’t like us or worse they will stop doing business with us.

Remember what I said above, our customers want to help people they know, like and trust. If we build our sales on integrity and are thought of as being friendly, hardworking, smart, honest and trustworthy, why would our customers not be happy to refer us to others.

Happy customers are happy to help you. Keep this in mind and you’ll have nothing to fear.

Now’s the time to stop making excuses for not building your referral network. Start asking for referrals. I know you will quickly begin seeing the results.

Go ahead, don’t be afraid, just ask! 

P.S. – If you have been reading my blog for a while and feel it would be of benefit to your friends, co-workers or other salespeople you know, I would appreciate your recommendation. Your referral would be greatly appreciated.

Thank you for taking the time to read this article.

If you would like, please leave a comment below or you can email me at feedback@wewaonthenet.com.

You can also follow me on Twitter at www.twitter.com/WE_Ward where I tweet articles I come across that I think may be of interest.

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You can unsubscribe at anytime.

Now let’s get out there and over-deliver!

Six Key Words You Want in Every Referral

If you asked your best customers to refer you to a friend, what would they say about you?

Would their referral letter or conversation include these six key words:

  1. Friendly
  2. Hardworking
  3. Smart
  4. Honest
  5. Integrity
  6. Trust

Would they say or include a phrase like “you can always count on him doing what he says he will do.”

Maybe, more importantly is what would you hope they wouldn’t say?

Are you ready for a test?

What would you say if you were to refer yourself to a friend?

So go ahead, write your own referral. Be honest.

Does your referral include some or most of the six key words above?

If not, start asking yourself why and what do I need to start doing to get these key words included in my referral.

Does your referral have some things you wish you could change? (Only if you were completely honest.)

Again, you need to ask yourself why and what do I need to start or stop doing to have these removed from my referral.

I know I have asked lots of questions in this article without including any answers.

Conclusion:

A timely referral and strong referral network is a must for a long and successful sales career. Referrals help shorten the time it takes to be known, liked and trusted.

As I’ve discussed before, our customers must know, like and trust us before we can establish strong relationships.

Without strong lasting relationships, long term success in sales will be hard if not impossible to achieve.

If you haven’t already, now is the time to get to work and begin building your referral resume’. Doing the things to make sure when given a referral it includes all of the six keywords (friendly, hardworking, smart, honest, integrity, trust) and eliminating those words and phrases you wish were not included.

I know my six key words are effective and needed in any referral but it is not an exhaustive list. So if you would, please drop me an email or leave a comment below letting me know “What additional key words or phrases you would like said about you in a referral?” Also, I would like to know what words you don’t want in your referrals.

Thank you for taking the time to read this article.

If you would like, please leave a comment below or you can email me at feedback@wewaonthenet.com.

You can also follow me on Twitter at www.twitter.com/WE_Ward where I tweet articles I come across that I think may be of interest.

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Now let’s get out there and over-deliver!

I Didn’t Have Time – My Default Excuse

How many times each week do you say “I didn’t have time?”What's Your Excuse

Do you “often” find yourself trying to explain “why you didn’t have time to do what you said you would do?”

Does simply telling your customers, supervisors, family and friends “I didn’t have time” still work or are they beginning to catch on to your default excuse.

Are you really time challenged or is there something else?

Last week a supplier agreed to provide a quote to us on a rather large project by Friday. The supplier went so far as to state “don’t worry we have it covered.” You might have guessed, Friday morning they called and informed us that they would not be quoting the project. When we questioned why, the excuse was “we just didn’t have time.” This was followed by several reasons (excuses) why they didn’t have time but nevertheless we were left scrambling to provide pricing to our customer.

So what did the supplier mean by “didn’t have time.” They knew we were counting on them for pricing. They knew we had made commitments to our customer that depended on them doing what they said they would do. They’ve always told us we are very important to their success.

Couldn’t they have told us sooner they were too busy?

How could they leave us in such a predicament?

Why?

Seth Godin wrote an article in his blog called  “I Didn’t Have Time” that may help answer these questions. Here is an excerpt:

“This actually means, “It wasn’t important enough.” It wasn’t a high priority, fun, distracting, profitable or urgent enough to make it to the top of the list.”

We should have known better than to place such trust on them performing. This was not the first time this supplier had told us “they didn’t have time” but maybe it should be their last.

All right, enough of this rant!

I’m guilty of making this same “I didn’t have time” excuse.

I’ve always known at times I use this same excuse but since reading Seth’s Blog I realize “I didn’t have time” has become my default excuse. I suspect it has become yours as well.

I have a hard time saying “no” when asked if I can get something done, only to find myself overcommitted at the end of the day or week. (This usually results in me working late at night or the weekend trying to make sure I do what I said I would do.) But this does not always work. What I find is the things that end up getting done are the things I think are a high priority, fun and most profitable. The other things seem to fall in the “I didn’t have time” bucket.

In sales we are expected to always try to find solutions or a way to get something done. In other words to find a way to say yes. To say “no” is not in the top of our vocabulary.

However, not doing what we say we will do is not acceptable either. So here come the excuses:

  • “I didn’t have time.”
  • “I would have done what I said I would do if I only had the time.”
  • “It’s not my fault I just didn’t have time.”

This is our way saying “what we said we would do is not urgent, fun or important enough to get to the top of our list.” So instead of saying no or telling our customers the true reason, we just say “we didn’t have time.”

Maybe, we should not be so afraid to say no or at the very least let our customers know we don’t or may not have time to do what’s being asked. (I know I’m beginning to waffle.) This would at least give them a chance to find alternatives.

“Consider making the “not enough time” excuse the first excuse rather than the last.”

Our customers should expect and trust that we will do what we say we will do. By not saying no to the things we know we can’t or won’t do, the trust we work so hard to develop will quickly slip away. Much like the loss of trust in our supplier mentioned above.

Always doing what we say we will do and not overcommitting our available time does and will take effort and practice. There will be times that things happen beyond our control but if we are intentional with our commitments and willing to say no, we should be better far more than not.

The next time you find yourself saying “I didn’t have time” ask yourself if time is the true reason or as Seth says “it wasn’t important enough.”

Maybe, I need to take a lesson from our youngest grandson. At 18 months he has the word “No” down pat. If it’s not a high priority to him (like taking a nap or eating his peas) it’s “no”. If it’s not fun or he feels urgent it’s “no”. Heck, for all I know he may already be only committing to the most profitable. One thing for sure he lets you know his intentions without any excuses.

If you would like, please leave a comment below or you can email me at feedback@wewaonthenet.com.

You can also follow me on Twitter at www.twitter.com/WE_Ward where I tweet articles I come across each week that I think may be of interest.

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Thank you for taking the time to read this article.

Now let’s get out there and over-deliver!