'Eating Place' Can't Sell Beer Solely for Takeout, Pennsylvania High Court Rules
Alcohol-Related Deaths Among Collegians Rise in 8 Years: NIAAA Study
Alcohol Impacts Brain Quickly
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Red Stripe Releases Download Celebrating Jamaican Music
Castle Brands Releases Gosling's Family Reserve Old Rum
California ABC Moves Up Application Dates to Ease Financial Crisis
MillerCoors Donates 8,000 Cases of Beer to Troops in Middle East for July 4
Stella Artois Supporting American Film Institute
Dos Equis Most Interesting Academy to Present Urban Survival Tips
Fast Food and a DWI Citation
Soft Drink News
Why the Proposed Soft Drink 'Fat Tax Will Fail
Jones Soda Introduces Collection of Spanish Labels
Researcher Blames Sweetened Beverages for Obesity, Other Ills
F.Y.I. --
How Media Generated Unnecessary Fears of BPA: Study
Quote of the Day
Build a Better Sales Force: Focus on Your 'First String'
By Nathan
Jamail
Every year
companies look for ways to increase sales.This year is no different, only with today's economy, the answers seem
to be harder to find.One sure way to
increase your sales: focus on your first string.This concept of focusing on your first string
is very simple in theory, but it is not easy to execute.Much like great coaching of great sports
teams, it takes a long commitment to make the team better by challenging the best
players and working with them to improve constantly.
When the New
England Patriots football team or
the Orlando Magic basketball team practices, does the coach spend the week
before the game working with the third string players, or does he focus on
working with the first string players?Answer: The first string players, of course, because they are the ones
who are ultimately going to win the game.They score the most points and usually play the most amount of
time.The coach spends a lot of time
with them because they are good enough to merit his attention.The coach's focus on the first string players
sets a positive goal for all the players to strive for.If the third string players want his
attention, they have to work for it!If
the first string players want to keep their coach's attention, they have to
work hard to stay the best!In sum, this
program requires every player to desire and pursue excellence.
In business the
norm is the exact opposite.Many
companies have a culture in which managers leave the top performers alone and
focus on the bottom performers.It is
very common to hear a sales manager or leader say, "Oh, Bob is one of my top
guys, so I leave him alone and let him do his job."Wow, what a mistake!Another organization that understands a
different philosophy will eventually approach Bob and inform him that he is
being robbed.Bob will be told he is
investing all his time and energy in the company, but the company is not
investing in him by coaching him and helping him to develop.Bob will thus be wooed over to a new
company.Companies with leaders who
ignore to their top performers will soon lose them.Even worse, the company's culture is one that
says if the manager is working with an employee on a regular basis, then that
person must be a low performer.The
leader's involvement with an employee is viewed as a negative.The leader is a manager and not a coach.It is difficult to coach a person if the
person feels that the leader thinks he or she is there to manage poor
performance.It's like rewarding your
kids with attention only when they are bad.
How do you fix
this disordered culture?
Step 1:Make the commitment.All leaders want to create a culture where
winning and being the best is the goal, and to do that all players have to want
to be on the first string.A leader
needs to create a culture that dedicates all of their coaching efforts to the
top performers and those who are willing to do what it takes to become a top
performer.Fight the tendency to leave
the top performers alone because you normally focus on the weak.A leader must commit to coaching the top
performers or committed performers and manage the bottom performers up or out.
Step 2:Spend your time with the top performers,
conducting ride days and practicing role-plays with them. Your goal is to help
make them better every month.The leader
must let the team know that she or he plays favorites; if team members are
successful and doing the right things, the leader will spend time with them,
and the others will have limited coaching.Once this is done, leaders will find their top performers will improve
dramatically, and will find their jobs more satisfying.The bottom performers will ask the leader
what it takes to become a top performer, and they will do what it takes, or
they will find another team.Neither one
of those options is a bad thing for the organization or the person.This might sound cold at first, but it's
not.Think about a person who is
struggling at his job: he knows it and he usually has very low job
satisfaction.A leader's job is not to
ignore the bottom performers, but instead to move them up or out.A leader who tolerates poor performance is a
leader who will always have a struggling team and disappointed top
performers.
Many companies
find internal competition to be bad because some of the lower producing sales
people get their feelings hurt, so they stop recognizing the top performers or
stop conducting contests in general.This is another instance of sacrificing the top performers to satisfy
the bottom performers.In sales, just
like in life, it takes skill, talent and discipline to be successful.When a salesperson does a great job and
delivers great results, he or she should be recognized.Kids love to be recognized and feel
appreciated, and professional adults are no different.Remember: when a leader tries to recognize
everybody equally in order to be fair, his blanket recognition devalues the
recognition for the ones who deserves it most.Winning is important, so do
it.
The proof is in
the numbers.Let's look at this example:
a sales leader has five sales reps.The
top two reps generate $100 each while the bottom two sales reps generate $50 each.If the leader works with the top reps and
they improve by 20 percent, then the revenue is increased by $40.If the sales leader works with the bottom
reps and they improve 20 percent, then the revenue is increased by $20.It is obvious where a leader should spend
time.Successful sales leadership comes
from focusing on the program or process that gives the greatest return on
investment, much like successful retirement plans, marketing efforts and
finances.
If you don't
spend time with your first string and invest in their success as much as they invest
in the organization, someone else will.
ABOUT THE AUTHOR
Nathan Jamail, president of the Jamail Development Group
and author of "The Sales Leaders Playbook," is a motivational
speaker, entrepreneur and corporate coach. As a former Executive Director for
Sprint, and business owner of several small businesses, Nathan travels the
country helping individuals and organizations achieve maximum success. His
clients include Radio Shack, Nationwide Insurance, Metro PCS, The News Group,
Century 21, Jackson National Insurance Company and ThyssenKrupp Elevators. To
book Nathan, visit www.NathanJamail.com or contact 972-377-0030.
Audio Interview: How Strange Wines Survived a Devastating Fire -- What You Can Do to Prepare
Katherine Strange
built her business from a one-woman wine brokerage to one that uses 10 sales
representatives to sell and distribute boutique and imported wines.
And yet, it could have ended in a forest fire
last Thanksgiving weekend.
It didn't, and, in fact, while its office was
destroyed, its customers and winery suppliers never missed a beat.
Learn what Strange Wine did -- and what steps you need to take to insure your business isn't damaged by fire or other disaster. Just click the button to the right.
Effective Selling Begins with Information
By Dave Kahle
Most salespeople love to be active -- out in our
territories, seeing people, solving problems, putting deals together.This activity-orientation is one of the
characteristics of a sales personality.A day sitting behind a desk is our idea of purgatory.Unfortunately, this activity orientation is
both a strength and weakness.Much of
our ability to produce results finds its genesis in our activity
orientation.It provides some of the
energy to move us to sales success.
But it can be a major obstacle.Far too often, we're guilty of going about
our jobs directed by the credo of "Ready, shoot...aim."The luxury of this kind of unfocused activity
is a casualty of the Information Age.As
a salesperson committed to constant improvement, you understand that, to be
effective, you must be focused and thoughtful about everything you do.Activity without forethought and planning is
a needless waste of time and energy.
If you were
going to build a home, for example, you'd want to know about the nature of the
ground on which the home was to be built.You'd need to have a good idea about what kind of weather conditions the
home would be enduring, what the building codes were, what materials were
available and what they cost, and what kind of skilled workmen were
required.The list could go on and
on.The point is that you wouldn't be
able to build a home very effectively if you didn't have good information on
which to base those plans.
The same
principles apply to building a home as well as delivering effective sales
performance.In both cases, good planning requires good information.It may be that your company provides you all
the information you need.But, it's more
likely they don't.If you're going to
work with good information, you must be the one who collects that
information.That means that you must
create systems to collect, store and use
the information that will be most helpful to you.Since our world is constantly producing new
information, the system you create isn't something you do once and forget.Rather, it has to be a dynamic system that is
constantly processing, storing and using new information.
TheInformation-Collecting Process
Creating
and maintaining your system is a matter of following several specific steps.
Here's the process:
Create a list of the categories of information you'd like to
have.
Working with one category at a time, brainstorm a list of
all the pieces of information you'd like to have within that category.
Develop a system and some tools to help you collect that
information.
Store it efficiently.
Use it regularly.
Step One.Start by
listing the kinds of information you think will be most useful to you.
Think about
your job and determine what kinds of information you'd like to have to help you
deal effectively with your customers.Here's a partial list that would fit most salespeople:
Information about your customers and prospects.
Information about your competitors
Information about the products, programs and services you
sell.
You may
have a number of other categories, but this is a basic list with which you can
begin.
Step Two.Once
you've categorized the kind of information you'd like, you can then think about
what information would be ideal to have in each category.
Start at
the top and work down.Look at customers
and prospects first.What, ideally,
would you like to know about them?Some
typical pieces of information would include information about the account's
total volume of the kind of products you sell, the dates of contracts that are
coming up, the people from whom they are currently buying, and so forth.All of that seems pretty basic.However, most salespeople have no systematic
way of collecting and storing that information.So, while you may occasionally ask a certain customer for parts of it,
you probably aren't asking every customer for all the information.And, you're probably not collecting it,
storing it, and referring to it in a systematic, disciplined way.
Do you
think your competitors know exactly how much potential each of their accounts
has?Do you think they know other pieces
of useful information, like, for example, how many pieces of production
equipment each customer has, and the manufacturer and year of purchase of
each?Probably not.If you collect good quantitative marketing
information, you'll be better equipped to make strategic sales decisions and
create effective plans.For example,
you'll know exactly who to talk to when the new piece of equipment from ABC
manufacturer is finally introduced.And,
you'll know who is really ripe for some new cost-saving product that's coming,
or the new program your company is putting together.
You may
currently be doing a so-so job of collecting information.It's like golf.Anyone can hit a golf ball.But few can do it well.Anyone can get some information.Few salespeople do it well.
Step Three.Develop a system and some tools.
The single
most effective tool is an account profile form.It's an incredibly effective tool that generates and organizes some of
the most powerful processes.
Account Profile Form
An account
profile form is a form full of questions, or more precisely, spaces for the
answers to questions.The questions are
all about each of your accounts.The
form is the document on which you store that useful information.It can exist in a couple of different forms --
paper or electronic.If you're using
contact-management software on a laptop computer, then the account profile form
can be several screens for each account.If you're not computerized, then it needs to be created on paper.Regardless of the media, the principles and
processes are the same.
A
well-designed, systematically executed account profile form can be one of your
most powerful tools for acquiring a competitive edge.Here's why.First, it provides you a way to collect quantitative information that
will allow you to know your customers more thoroughly than your
competition.All those pieces of
information that you said were potentially important to you can be collected
and stored in the blanks on the account profile form.Create a one-page form with blanks in it for
each of the quantitative pieces of information you want.
In addition
to the quantitative information about the business, you need another version of
the form for each of the key individuals within those accounts.That's called a personal profile, and it is
your mechanism to collect personal information about the key decision
makers.You apply the same concept and
principles to the task of collecting personal information about the key
decision-makers within your accounts.You may end up with one document for the company and 10 to 15 personal
profiles for all the key people within that account.
Now,
imagine getting ready for the next sales call on that customer and reviewing
the things that he likes to talk about, refreshing your memory on the name of
his spouse, and the names and schools of each of the kids.As you plan your presentation, you review the
primary buying motivation for each of those key people.Do you think you'll be better prepared to
have an enjoyable, relationship-building conversation with that customer than
your competitor will?Of course you
will.Do you think you'll increase your
likelihood of delivering a powerful and persuasive presentation?Of course you will.
Finally,
the form allows you to store important information someplace other than in your
head.The problem with keeping
information just in your head is that it isn't always readily accessible.When you want to have a relaxed conversation
with one of your customers about his interests, you can't always remember that
he golfs and was a starting halfback on his college football team.However, if you have that information stored
on a form, you can review it just before you go in to see your customer, and
put it uppermost in your mind.
To some
degree, every good salesperson implements these concepts.The difference between the run-of-the-mill
salesperson and the salesperson who wants to take his/her performance
Up-a-Notch, however, is the degree to which the committed salesperson
disciplines himself to stick to a systematic approach.Most salespeople do it as they think of it,
but don't keep the information systematically.Sales Masters understand the need to discipline themselves, and thus do
a more thorough job of collecting information.
Step Four.Store it efficiently.
You may
have done a great job of collecting information, but if you've stored it on old
matchbook covers, coffee-stained post-its, and the backs of old business cards
somewhere in the backseat of your car, it's probably not going to do you much
good.
If you're
computerized, then your computer can be the super tool that allows you to
efficiently store the information.If
not, you're going to need to create a set of files (yes, manila folders!) in
which to store your information.
Step Five.Use it regularly.
Before
every sales call, review the information you have stored.That review will help you make good decisions
about each aspect of the sales call.Likewise, review the information as you create your annual goals and
sales plans, when you create account strategies, and when you organize and plan
your territories.
As you can
tell, an account profile form is a master tool that holds all of this
together.If you'd like help with this,
visit my web site for a free download of "How to Create an Account Profile
Form." (http://www.davekahle.com/free.html)
Collecting
information about your competitors
Now that
you have a system in place to provide good information about your prospects and
customers, you need to turn your focus to another area of your business -- your
competitors.Information about your
competitors can be almost as important as that which you collect about your
customers.As things change at an
increasing rate, it's more important than ever for you to be aware of what your
competitors are doing so that you don't get blindsided or seriously
outmaneuvered.
That happened to me.To this day, I still get a sick feeling in my stomach as I remember the
day when I lost my largest account to my arch competitor.It was an account that made up 20% of my
total volume.In my blissful ignorance,
I was content to grow my business by calling on the end users and purchasing
department, while my competition was successfully building a relationship with
the administration.The result?My best account signed a prime vendor,
sole-source agreement with my competitor, and within 60 days, I was almost
totally out of that account. I was blindsided.
That's a
lesson that sticks with me, and one from which you can learn.To become good at knowing what your
competition is up to, begin by thinking of yourself a little differently.Here's a simple three-step process for
mastering this competency.
Step One.Collect bits and pieces of information
Begin by
consciously collecting little bits and pieces of information at every
opportunity.For example, you may have
lost a bid or a particular piece of business to your competitors.Rather than just moping about it, use it as a
learning opportunity.Try to find out
from your customer why they awarded the business the way they did.If it was price alone, try to find out how
much lower their price was. If it's something else, find out what.That information won't help for that
particular piece of business, but it may give you an insight into the pricing
policies of your competition.Write the
information down on a 3 x 5 card, a piece of scrap paper or a post-it.
Take your
good customers to lunch, and casually see if you can steer the conversation in
such a way as to learn something about your competition.
Keep your
eyes open to the coming and going of competitive salesmen.Note when you see them, and in what account.
Be sensitive and aware of competitive literature, business
cards and price quotes lying around.And
don't forget to talk with the other salespeople who work for your company to
get their insights.
All these
are ways to collect bits and pieces of information.By themselves, they won't help much.But, if you combine these bits and pieces,
you may very well see trends, uncover strategies, and discover tactics your
competition is using.
Step Two.Store the information.
As you
collect each bit of information, capture it by writing it down, and putting the
note in a manila folder marked "competition."You may even have a separate folder for each major competitor.If you're automated, type the information
into your computer, and store it in either a word processing or database file.
Regardless,
what you're doing is assembling a quantity of information.Diligently collect those bits and piece of
information, and file them away.
Step Three.Use the information.
After you
have collected a quantity of these, you'll be able to open that file on a
regular basis, consider all the pieces of information, and discover a great
deal about your competitors.
The trick is to consistently collect and store
information.Eventually you'll assemble
an accurate picture.It's like the
popular game show "Wheel of Fortune."When Vanna White turns over one letter, it doesn't give you much of a
picture of the answer.But after she's
turned over several of these small individual pieces, the whole becomes clear
and the answer to the riddle is simple to understand.That's the way collecting information about
your competition works.
The back of an old business card on which you noted that you
saw a competitive salesperson showing a new line of widgets, by itself, doesn't
mean much.But if you filed that along
with all the bits and pieces of information you've collected, and then pulled
it all out and analyzed it, you might see an entirely different situation.Suppose you reviewed that business card note,
and combined it with the note you made to yourself that you saw some sales
literature on the competitive widget line on the desk of one of your purchasing
agents, and then saw that you lost a major bid to the competition because he
quoted a new line at lower than traditional prices.All at once you've uncovered a potential threat
to your business.Clearly, your
competitor is pushing a new, lower priced widget line.You didn't learn that from any one piece of
information, but rather from the combination of all those pieces, considered as
a whole.
The key to uncovering that information, to discovering what
your competition is up to, is to consistently collect pieces of information,
store them, and then analyze them as a whole from time to time.
As you may
be able to tell, this chapter focuses on skills that previously were not in the
toolbox of the typical outside salesperson.But, in the Information Age, much of your ability to make good decisions
depends on your being able to collect good information.If you are going to take your performance
Up-a-Notch, you must see yourself as a dealer in information as well as a
seller of stuff.An important initial
step is to get good at collecting good information.
Dave Kahle is a
consultant and trainer who helps his clients increase their sales and improve
their sales productivity. Dave has trained thousands of salespeople to be more
successful in the Information Age economy. He is the author of over 500
articles, a weekly e-zine, and seven books. You can join Dave's "Thinking
About Sales Ezine" on-line at http://www.davekahle.com/mailinglist.html.
For more information, or to contact the author: DaCo Corp., 3736 West River Drive, Comstock Park, MI49321; e: cheryl@davekahle.com; Phone:
800.331.1287 -- 616.451.9377; Fax: 616.451.9412.http://www.davekahle.com
AdSense Code
Move
prospects UP or out with 3x48:How to
Tele-Prospect Effectively
By Nathan Jamail
These days, many companies are coming to the same conclusion: In order to make
their sales numbers, the sales team cannot rely merely on existing databases,
but must go out and get new business -- in some cases, a lot of new
business.Over the past couple years,
many businesses have gotten comfortable seeing sales growth from current
customers and good, old fashioned word-of-mouth.And because of this success, many sales
leaders are discovering just how out of commission their sales teams really are -- discipline and practice must be re-instilled.
Just because
sales in your industry might be down 25%, it doesn't mean your company
has to be down 25%.A company can
increase sales in any economy by increasing their share of the market. And
keeping in mind that a sales leader's goal is to capture more of the
marketplace, it is important your team reaches as many people as possible. For
that, we have tele-prospecting.Unfortunately many salespeople don't like tele-prospecting, but the
truth is, in order to grow the business your sales team will not only need to
do it, but be effective at it!
Here's the
scenario: How many times do salespeople in your organization leave the same
voicemail for a prospective client over, and over, and over again?It's common practice for many sales reps to
make a call, leave a message and then schedule a follow-up call in their
calendars for the following month or so. While this process creates activity,
it very rarely creates results.
First, the prospect receives hundreds of calls
every month, so by the time your sales rep calls back two months later, he
doesn't remember the first call.
Second,
the calls are so infrequent that the prospect is easily able to ignore the call
and hope it goes away.
Third, while most
people hate getting rejected, they hate rejecting others even more. Compare it
to your personal life. How many times have you known someone who wants to break
up with her significant other, but doesn't want to do the rejecting, so she
tries to make him mad so that he breaks up with her? Business is no
different.A prospect would rather
ignore the salesperson than reject him.
Here's where
tele-prospecting comes in. The 3x48 program will not only put an end to the
scenario above, but it will move the process along and allow a salesperson to
move the prospect up -- to a possible client -- or out of the call rotation
altogether. This is referred to the "move them up or out" program.Here is how it works:
The salesperson
will make three calls, each one 48 hours apart. For example:The first call Monday, the second Wednesday
and the third Friday.Each call has a
different goal, and each is a step to get the prospect to return the call.
Call Number
One:
The goal of the
first call is to introduce yourself to the prospective client and ask him or
her to call you back. Here's an example:
"Hello my name
is John Smith and I'm with ABC Company.The reason for my call is to introduce myself to you and to offer you a
free business analysis of your 2009 sales plans.We have helped many clients increase their
profits in difficult and changing markets. I would greatly appreciate it if you
would call me back at 972-555-0000.Thanks and have a wonderful day."
Call Number
Two:
The goal of the
second call is to let the prospect know you are following up to the call you
left a couple days ago.
"Hello Mr.
Prospect my name is John Smith with ABC Company. I left you a message a couple
days ago and wanted to follow up with you regarding your free business
analysis.Again my phone number is
972-555-0000.Thanks again and I look
forward to hearing from you soon."
Call Number
Three:
The goal of the
third call is to let the prospect know you are not trying to pester him, and
give him permission to reject you (this call is key).
"Hello Mr.
Prospect, this is John Smith with ABC Company. I know I left you a couple
messages this week and don't mean to be overbearing, but I want to make sure I
do a good job following up and let you know that I would love the opportunity
to visit for few minutes.I was hoping
you would do me a favor and let me know if either (A) you would like to talk to
me but you have just been too busy, or (B) you don't feel it would be a good
time for us to meet and would prefer I don't call again.I know your time is valuable and I would
appreciate your direction as to how to proceed next.Thanks again and have a wonderful day."
This method is
successful because:
·The
calls are close enough to each other that the prospects remember you (after the
third call, they definitely know who you are).
·The
prospects start to think that if they don't call you back you may never stop
calling.
·You
gave the prospects permission to reject you, so they feel more comfortable
calling you back.
·You
are assertive but not aggressive. Your calls are consistent and direct, but not
generic or too "salesy."
Prospecting is
the worst part of any sales position; you might compare it to the bar exam for
lawyers or spring training for baseball teams.But much like in baseball, to have spring training is not good enough to
win; the coach and team must work hard every day, just as salespeople must
continuously tele-prospect to increase their business. The companies that play to win will get new customers and
take the market share.
Nathan Jamail, president of the Jamail Development Group
and author of "The Sales Leaders Playbook," is a motivational
speaker, entrepreneur and corporate coach. As a former Executive Director for
Sprint, and business owner of several small businesses, Nathan travels the
country helping individuals and organizations achieve maximum success. His
clients include Radio Shack, Nationwide Insurance, Metro PCS, and Century 21.
To book Nathan, visit www.NathanJamail.com or contact 972-377-0030.
How to Build a Winning Distributorship without Major Brands
Luck and key decisions have enabled Click Wholesale Distributing to grow
from a six person Seattle, Wash., start-up with first year revenue of
just $2 million to what is expected to be a $20 million operation next year
with 64 employees.
Just a few weeks ago, it was named the Craft
Beer Distributor of the Year by the National
Beer Wholesalers Association and the Brewers
Association.
To hear Rick Steckler, president, tell how the company did it, click the button to the right.
Copyright 2007 Kane's Beverage News. All Rights Reserved