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  • Casual Articles - How We Build a 90% Failure Rate into the Sales Process

    Preventing The Runaway Candidate
    Municipal and law enforcement officials in Georgia are still calculating the final costs associated with the “runaway bride”. Much like the runaway bride, the “runaway candidate” can have a devastating effect upon a potential employer. In today’s competitive market for top candidates, most employers consider a candidate “onboard” once they have accepted the job and signed their offer letter. I would counter we’re not at the finish line, or “honeymoon”, just yet.Lurking the in darkness, is the dreaded “fall-off” and counter offer. A “fall off” occurs when the candidate has accepted a position and then decides to stay at their current employer or take another competitive position without warning or no
    eed, that the prospect just has to be made to understand that they will save time/money or whatever if they use our product – and of course it's our job to get the prospect to understand they have a problem that we can fix.

    What is going on? Until or unless a buyer can recognize, align, and manage their own internal variables – their culture, if you will – they will do nothing. And we are left waiting in a void with nothing but guesses to make sense of what seems to us to be an obvious decision.

    BUYING FACILITATION: A WAY TO SUPPORT THE BUYING SYSTEM

    I'm here to tell you that there is a way to support the buyer on her side of the equation. Rather than sell, we can actually help buyers make buying decisions without selling anything. Not only that, we can close 50% of the prospects that show up, 12% - 15% of

    Soap Box And Rants From Lance From Days Gone By, Part II
    Continuing now. . . My ancestors died to protect this land and her people and you guys sit in rooms posturing, with not a clue as to how life on Earth or the free economic system works at all. Not even a little bit. I have only met a handful of congressmen that I did not get bored talking to in five minutes due to their lack of intellect and contrived rhetoric. Now we see the extent of those carefully worded politically correct academy awards winning speeches written by pollsters and practiced in mirrors are doing. They are not accomplishing the task at hand. We need results not blame; we need leaders not words. We need action not promises. If you cannot do the job dismantle the system, simplify it
    I recently began doing training in the banking industry. Across the board, successful bankers close between 2% and 6% of the prospects they call on, starting from their first prospecting call.

    Not only are those numbers abysmal, they are considered normal. In other words, bankers are expected to fail at least 94% of their time. The insurance industry has the same odds.

    In general, every industry closes less than 10% of the prospects they call (first call to close), with over 90% falling in the 7% category. And, since there is no scientific way of knowing which prospects fall into the 7%, we continue running after all ‘hot' prospects until they disappear. And then we make excuses for those we lost while having no earthly idea why we actually lost them.

    Basically, we are out of control; the only control we seem to have is over product pitch and our ability to chase seemingly hot prospects.

    While I'm being a bit harsh, these are the realities that are built into the system of selling. Sellers expect failure and work to overcome it.

    Why is it ok to have such a low closing ratio? Why have we built failure into the sales system? Why do we accept a 90% plus failure rate – and hire an over-abundance of sales people to make up the difference? Why do we continue to teach sellers the same-old same-old techniques that continue getting them the same-old ratios? And why is it ok to have an entire profession that wastes over 90% of their time?

    Because we don't know any better.

    THE PROBLEM WITH SALES

    For millennia we have based sales on our need to sell that which we get paid to sell. We have watched buyers disappear and go into some quiet, silent space that remains hidden from us while they … while they do what?

    Where do they go when we leave them? Why don't they call us back when it's so obvious they have a problem that our product can solve!

    We have had this long standing belief that we can fix problems, that our products are the necessary solution, and that we know what a prospect needs (based on what we can see from our vantage point outside of the prospect's environment.

    But do we know? How do we know for sure? How can we ever know what another person needs in order to solve their problem? How can we know what a group or a team or a company needs? Just because we can see the problem, and just because our product could solve the problem, doesn't mean the buyer needs it, or is ready to buy it, or doesn't have other choices.

    Or wants to leave the problem the way it is.

    What makes us think we have the answer?

    Let's take a good look at what we're doing here:

    1. We enter our prospect's status quo with a solution, and as a result become a solution looking for a problem.

    2. Our calls, our questions, our communications – marketing, advertising, pitches and presentations, needs analyses – are all biased, and constructed around getting our product sold, even though we profess to be mindful of buyer's needs.

    3. All of our conversations are based on different ways to encourage a prospect to understand their need for our product.

    4. We assume that if the prospect has a problem in the area our product solves, that they need us to supply them with our solution.

    5. We assume that because there is a need, that the prospect just has to be made to understand that they will save time/money or whatever if they use our product – and of course it's our job to get the prospect to understand they have a problem that we can fix.

    What is going on? Until or unless a buyer can recognize, align, and manage their own internal variables – their culture, if you will – they will do nothing. And we are left waiting in a void with nothing but guesses to make sense of what seems to us to be an obvious decision.

    BUYING FACILITATION: A WAY TO SUPPORT THE BUYING SYSTEM

    I'm here to tell you that there is a way to support the buyer on her side of the equation. Rather than sell, we can actually help buyers make buying decisions without selling anything. Not only that, we can close 50% of the prospects that show up, 12% - 15% of t

    Common Problems In Family-Owned Businesses: How To Reconcile The Interests Of All Family Members
    Autologica presents the third part in a series of articles that address common problems and issues faced by family-owned businesses, based on an interview between Al McClymont, CEO of Autologica Dealer Management Systems, and J.C. Aimetta, an expert and coach who specializes in family-owned businesses.Al McClymont: It seems obvious that in every family-owned business there will be members that will work in the company, and members that choose not to. How can the interests of family members that work in the company and family members who do not work there, be reconciled?J.C. Aimetta: Well, first of all, it is necessary to understand that the family members who work in the company
    em to have is over product pitch and our ability to chase seemingly hot prospects.

    While I'm being a bit harsh, these are the realities that are built into the system of selling. Sellers expect failure and work to overcome it.

    Why is it ok to have such a low closing ratio? Why have we built failure into the sales system? Why do we accept a 90% plus failure rate – and hire an over-abundance of sales people to make up the difference? Why do we continue to teach sellers the same-old same-old techniques that continue getting them the same-old ratios? And why is it ok to have an entire profession that wastes over 90% of their time?

    Because we don't know any better.

    THE PROBLEM WITH SALES

    For millennia we have based sales on our need to sell that which we get paid to sell. We have watched buyers disappear and go into some quiet, silent space that remains hidden from us while they … while they do what?

    Where do they go when we leave them? Why don't they call us back when it's so obvious they have a problem that our product can solve!

    We have had this long standing belief that we can fix problems, that our products are the necessary solution, and that we know what a prospect needs (based on what we can see from our vantage point outside of the prospect's environment.

    But do we know? How do we know for sure? How can we ever know what another person needs in order to solve their problem? How can we know what a group or a team or a company needs? Just because we can see the problem, and just because our product could solve the problem, doesn't mean the buyer needs it, or is ready to buy it, or doesn't have other choices.

    Or wants to leave the problem the way it is.

    What makes us think we have the answer?

    Let's take a good look at what we're doing here:

    1. We enter our prospect's status quo with a solution, and as a result become a solution looking for a problem.

    2. Our calls, our questions, our communications – marketing, advertising, pitches and presentations, needs analyses – are all biased, and constructed around getting our product sold, even though we profess to be mindful of buyer's needs.

    3. All of our conversations are based on different ways to encourage a prospect to understand their need for our product.

    4. We assume that if the prospect has a problem in the area our product solves, that they need us to supply them with our solution.

    5. We assume that because there is a need, that the prospect just has to be made to understand that they will save time/money or whatever if they use our product – and of course it's our job to get the prospect to understand they have a problem that we can fix.

    What is going on? Until or unless a buyer can recognize, align, and manage their own internal variables – their culture, if you will – they will do nothing. And we are left waiting in a void with nothing but guesses to make sense of what seems to us to be an obvious decision.

    BUYING FACILITATION: A WAY TO SUPPORT THE BUYING SYSTEM

    I'm here to tell you that there is a way to support the buyer on her side of the equation. Rather than sell, we can actually help buyers make buying decisions without selling anything. Not only that, we can close 50% of the prospects that show up, 12% - 15% of

    Septic Tanks & Retail Ladies Wear - The Creating of a Retail Institution
    Dreams of owning a business is as far as many people get.What is it that makes one person move heaven and earth to live their dream of starting a business and someone else who seems determined stay an employee?One woman’s story…In 1976 a motor home rolled into a small town outside a major North American city. The driver was a woman in her late 40’s, a single parent, traveling with her youngest son. She left everything else behind on the Prairies. The motor home was their home and transportation on their trek west.There was never any question that she would work for anyone else. The business she had experience in, the manufacture of concrete septic tanks, was not something she wa
    ear and go into some quiet, silent space that remains hidden from us while they … while they do what?

    Where do they go when we leave them? Why don't they call us back when it's so obvious they have a problem that our product can solve!

    We have had this long standing belief that we can fix problems, that our products are the necessary solution, and that we know what a prospect needs (based on what we can see from our vantage point outside of the prospect's environment.

    But do we know? How do we know for sure? How can we ever know what another person needs in order to solve their problem? How can we know what a group or a team or a company needs? Just because we can see the problem, and just because our product could solve the problem, doesn't mean the buyer needs it, or is ready to buy it, or doesn't have other choices.

    Or wants to leave the problem the way it is.

    What makes us think we have the answer?

    Let's take a good look at what we're doing here:

    1. We enter our prospect's status quo with a solution, and as a result become a solution looking for a problem.

    2. Our calls, our questions, our communications – marketing, advertising, pitches and presentations, needs analyses – are all biased, and constructed around getting our product sold, even though we profess to be mindful of buyer's needs.

    3. All of our conversations are based on different ways to encourage a prospect to understand their need for our product.

    4. We assume that if the prospect has a problem in the area our product solves, that they need us to supply them with our solution.

    5. We assume that because there is a need, that the prospect just has to be made to understand that they will save time/money or whatever if they use our product – and of course it's our job to get the prospect to understand they have a problem that we can fix.

    What is going on? Until or unless a buyer can recognize, align, and manage their own internal variables – their culture, if you will – they will do nothing. And we are left waiting in a void with nothing but guesses to make sense of what seems to us to be an obvious decision.

    BUYING FACILITATION: A WAY TO SUPPORT THE BUYING SYSTEM

    I'm here to tell you that there is a way to support the buyer on her side of the equation. Rather than sell, we can actually help buyers make buying decisions without selling anything. Not only that, we can close 50% of the prospects that show up, 12% - 15% of

    International Trade Impact
    International trade has become increasingly important to the world economy as well as the U.S. economy. Trade accounts for about 25 percent of U.S. and world gross domestic product (GDP). It is growing at twice the rate of any other economic sector. In terms of the United States, one-third of the small firms that make an exportable product and would like to export do not presently export what they manufacture. Of the small U.S. firms that do export, nearly two-thirds export to only one country.The international flows of goods and capital that underlie international finance are critically important to the well-being of the world's nations. United Nations statistics show that the ratio of world export
    her choices.

    Or wants to leave the problem the way it is.

    What makes us think we have the answer?

    Let's take a good look at what we're doing here:

    1. We enter our prospect's status quo with a solution, and as a result become a solution looking for a problem.

    2. Our calls, our questions, our communications – marketing, advertising, pitches and presentations, needs analyses – are all biased, and constructed around getting our product sold, even though we profess to be mindful of buyer's needs.

    3. All of our conversations are based on different ways to encourage a prospect to understand their need for our product.

    4. We assume that if the prospect has a problem in the area our product solves, that they need us to supply them with our solution.

    5. We assume that because there is a need, that the prospect just has to be made to understand that they will save time/money or whatever if they use our product – and of course it's our job to get the prospect to understand they have a problem that we can fix.

    What is going on? Until or unless a buyer can recognize, align, and manage their own internal variables – their culture, if you will – they will do nothing. And we are left waiting in a void with nothing but guesses to make sense of what seems to us to be an obvious decision.

    BUYING FACILITATION: A WAY TO SUPPORT THE BUYING SYSTEM

    I'm here to tell you that there is a way to support the buyer on her side of the equation. Rather than sell, we can actually help buyers make buying decisions without selling anything. Not only that, we can close 50% of the prospects that show up, 12% - 15% of

    Why Projects Fail
    In 2005, a company from Dallas, Texas came to Muskego, Wisconsin to build a new retirement community. After 2 years and millions of dollars spent, the project was terminated; the project failed.Projects all over the world fail but does anyone ever look as to why? While I don’t know why all projects fail, I do know why this retirement community failed. There were five characteristics as to why this project will not be constructed: Research, Planning, Training, Teamwork, and Ego.Research: Before any project can even begin, research needs to be developed to see if the project is feasible. Is there a market for this type of project? Is this the right location? What is this project going to cost?
    eed, that the prospect just has to be made to understand that they will save time/money or whatever if they use our product – and of course it's our job to get the prospect to understand they have a problem that we can fix.

    What is going on? Until or unless a buyer can recognize, align, and manage their own internal variables – their culture, if you will – they will do nothing. And we are left waiting in a void with nothing but guesses to make sense of what seems to us to be an obvious decision.

    BUYING FACILITATION: A WAY TO SUPPORT THE BUYING SYSTEM

    I'm here to tell you that there is a way to support the buyer on her side of the equation. Rather than sell, we can actually help buyers make buying decisions without selling anything. Not only that, we can close 50% of the prospects that show up, 12% - 15% of the prospects we solicit, and close the sales in ? the normal time frame.

    But to do that, we must stop selling. In the mid 80's Larry Wilson wrote a book called Stop Selling, Start Partnering. Even then he knew that sales wasn't the answer. While he didn't have a model to teach us how to do that, his ideas were sound and refreshing. But being the egotistical lot that we are, we assumed that what we had to do was partner in order to sell.

    I'm going to make a different assertion: I'm going to suggest that we truly STOP SELLING and help people buy instead (and after all, selling and buying are two different activities).

    Selling doesn't work: it doesn't get us anywhere; we never know when our buyers are going to come back – or even if they will; and we continue trying to add bells and whistles to the same basic process, hoping to get different results.

    These are the realities that are built into the system of selling. We actually expect failure and work from there to overcome it.

    Take a look at Buying Facilitation. It will give you skills to help you help buyers make purchasing decisions based on their own buying criteria. It's a systems view of the buying process; a sequencing system of facilitating decisions. It's got nothing to do with selling, and everything to do with solving problems within a system so the system can remain congruent and not disrupted.

    Sales is antiquated. It's very possible than better than a 10% success rate. It's very possible indeed – but it won't be by selling.

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