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1.
How
to use a Prospect Communication Logbook to Close More Deals
2. How
to Increase Your Proposal Acceptance Using Webinars
by Paul DiModica
"Half the
world is composed of people who have something to say and can't
. . . and the other half who have nothing to say and keep on
saying it."
Robert Frost
Which type
of salesperson are you?
Sales
communication is a precise, methodical process where each word
you say paints a picture in the mind of the buyer. Are you a
salesperson who says the same thing to each prospect every time
or are you a strategic salesperson who plans their language to
produce the specific response or action step you are seeking
during your sales cycle.
Selling and
communicating is not always linked. At times there is a chasm
between your language as said . . . and what is heard by the
prospect.
At
times, prospects only hear what they want to hear,
not what you said.
One sales
technique to increase your sales communication success is called
a Prospect
Communication Logbook. When speaking with
prospects and their team members, they often make specific
declarations during your discovery on how your product or
service offering can help their business. It is not uncommon for
prospects to say, "If this goes well, we could drop our overhead
costs 12%" or "I think this project is going to help us increase
our revenue."
These
statements are key sales tools that you can use to close more
deals. But if you do not document who said them and when, they
lose their impact during your sales closing process as being
more hearsay than business facts.
To use
client buying statements as sales tools, always document
the person's name and title,
as well as the date and
time of the statement in a
Prospect Communication Logbook.
As long as prospect team
members have not said the information supplied to you is
confidential between you and them, you should use
these statements as specific selling tools during your sales
cycle.
When
developing your prospect's proposal, you should
always include a succinct,
conclusion page on why the prospect should buy from you.
Inside this conclusion page, insert statements made by the
buying team documented in your
Prospect Communication Logbook
including the dates, times and comments that were made. This
approach communicates a first party (the prospect themselves)
confirmation of your offering's value and is a value forward
selling method that turns their observations into a
3-dimensional value perception that they will believe.
Why
does this work?
Often
management teams and their supporting staff describe cost
justifications and value acceptance during their discovery
period to buy. But if you as a salesperson cannot specifically
annotate exactly who said what and when it was said, it becomes
wasted buying testimonials. By inserting this amount of detail
in your conclusions page, it makes it difficult for prospects to
argue with their own team's conclusions.
A lead into
this section of your conclusion page would start like this:
"During our conversations and discovery with your team, the
following comments were made to us including:
·
Ringo Smith on
October 1st said, "If
this goes well we could drop our overhead costs 12%".
·
John Smith on
October 5th said, "I
think this project is going to help us increase our revenue."
By listing
7-10 comments made by the buying managers and their supporting
team, you are allowing them to sell themselves through their own
words in your conclusion.
Webinar Proposals
Using email
often reduces the closing ratio of salespeople because when they
send their proposals electronically to prospects, it often
disappears into an invisible land where salespeople scramble to
follow-up for confirmation and prospect feedback. Management and
salespeople use email as a delivery method for proposals for a
host of reasons including time restraints, convenience and
prospects that reside at geographically distant locations.
Negotiating
in person is always better, but when it is not financially or
logistically feasible, instead of just emailing your proposal to
your prospect, you should provide them a
Webinar Proposal
first. By using webinar proposal, you force your prospect to
walk through your proposal page by page allowing you deal with
sales objections as they happen, instead of invisibly by email.
When your
proposal is ready, call your prospect and tell him that you
would like to go over his proposal in detail. If they say, "just
send it" and they will get back to you, respond "I appreciate
that input, but my firm always presents the proposal by webinar
first to make sure it meets your needs, and then we follow up
with a written document."
Webinar Proposal Guidelines
1.
Keep your
webinar proposal to 10 slides or less.
2.
During the
presentation, show high level information of your detailed
proposal including your offering description, your reference
slide, a high level operations slide, the investment slide, and
the conclusion page of why they should buy.
3.
Do not show
detailed technical or operational information during your
webinar proposal. Instead, save that data for the follow-up
email proposal.
4.
Write down the
top ten sales objections you anticipate hearing during the
webinar proposal presentation and prepare your answers.
5.
After you have
finished the webinar proposal presentation, only then send your
traditional email proposal.
Use this
format, and you will close more deals by managing sales
objections proactively as they arise, instead of reacting to
follow-up email or phone calls.
"Negotiation depends on the right communication."
Art Windell
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