There is no formula in selling. I was
told this by an experienced salesperson who has sold in the financial
sector for over a decade.
Today he heads over 500 sales
managers and sales people countrywide. In a way he was right and this
is what I wish to explore today.
Let’s consider the
sales cycle in Business to Customer (B2C) selling, that is, selling to
an individual; an example is hawking or selling personal loans.
The
cycle goes through these steps: prospecting, contacting, interviewing,
demonstrating, validating, negotiating, closing and asking for
referrals.
This is not a formula for selling. It is a
formula for getting the area of a circle; it is scientific and works
with every circle, anywhere in the world, day and night. Any deviation
from it won’t get you the area.
Selling, and therefore,
the sales cycle, is an art, not a science; it is a guideline, not a
deadline. The inexperienced seller who takes it as a formula will
struggle in these ways.
When the sales cycle is
demonstrated in class, the novice salesperson feels his twin cab turbo
engines gunning at the chance to execute this simple cyclic procedure
and he wonders why there is so much hullabaloo about selling.
Then he is released into the field and finds out why.
No one told him the sun was this hot; no one mentioned the gate keepers
would be so unhelpful; and why didn’t the tutor mention that confirmed
meetings would abort, promises would be broken and rejection would
permeate the air?
The revving of his turbo engines begins to subside, and soon enough can barely be heard beyond a whimper.
The
unblemished sight he had of the perfectly smooth cycle quickly fades
away to be replaced by a labyrinth of despair; what he thought was going
to be a simple linear motion turns out to be anything but that.
Further, seeing the cycle as a formula limits the rookie seller. He won’t see the close even when it’s staring him in the face.
“I like the green one,” the buyer says. this is a blatant closing signal to the experienced buyer.
He
will casually shift gears while demonstrating the different shades of
tile, and expertly skip validating and negotiating, to attempt a close
by asking, “Would you like two cartons of them or would five be better?”
As for the novice, he’ll be too busy wanting to demonstrate, validate and negotiate because that’s what the ‘formula’ says.
It’s
like the man who doesn’t see the girl desperately wanting to kiss,
because he is adamantly insisting that he must serenade her over three
dates and this is only the first. After all, that’s what the dating
website said, he argues.
Whereas the Head of Sales who told me that selling has no formula was right, don’t be blinded to ignoring the sales cycle.
In
fact, when your sales are dwindling refer to it. Chances are that you
dropped the ball in one of the steps, which invariably affected the
others.
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