Contemporary Analysis

Data Science

6 Questions Salespeople Need to Ask Themselves

If you are a salesperson, you spend your days asking other people questions. However, there are 6 questions salespeople need to ask themselves. These questions will help you sell to people that are ready to purchase, sell from a position of power, and improve your client relationships.

Use Email Signatures, They are Important

I get emails all the time from clients, potential clients, and people who want me to buy something from them. What constantly amazes me is the lack of email signatures. I know for a fact that all email programs allow you to make an email signature with your name, rank, email address, phone number, Skype number, LinkedIn page, web page, blog address, and business address. Why then, dont people use them? It can't be because they are lazy. Not having one loses you business.  After all, it is not always best to respond to an email with an email, especially when a topic is new, complicated or sensitive.

How to Build a Small Business Call Center

Everyday, the CAN team interacts with clients, mentors, and friends who are leaders in their fields, and we started this series to share their expertise.

Why Customer Segmentation Will Improve Your Marketing

I have been married for almost 10 years. I have gotten good at buying gifts, even clothes. I can match blouses and jewelry, dresses and belts, shoes and jeans. My secret? I look at the mannequins. Mannequins were designed to attract your attention in a store window and to lure you into the store. Then inside, they are designed to show you some of the combinations you could make with their clothes. Essentially they are designed to get you to buy more than one thing. This is perfect for guys. All we have to do is point to the mannequin and ask a store sales person where we can find those certain pieces of clothing.  We can buy the mannequin lock stock and barrel and end up with a complete outfit for our brides.

How Not to Introduce Yourself

I got to cross something off my bucket list this year, I was a pastor in a wedding.  Two of my really close friends got married and I had the honor of introducing them as man and wife.  It was one of the more unique things I will ever get to do.  However, I was shocked because I realized that how easy it was to introduce the newly married couple, "I now pronounce you man and wife", however it can be so difficult to introduce yourself properly at networking events.

Be First and Influence the Purchasing Process

I just got off the phone with a friend of mine in the Hotel business in Omaha. It was an interesting conversation because she had lost a sale because her wall in the event space wasn't green. Not environmentally green, I mean she didn't get the job because her space wasn't the color green. She was trying to figure out why someone would choose an event space based on the color. I explained to her that someone had  influenced the purchase process.

I imagine the conversation went something like this:

Cold Calling Works Again

Cold calls used to work, then they didn't and now they work again. I used to agree with most people, that cold calls do not work. In fact, I established my sales career on referral networking. However, I have rediscovered the power of cold calling and how to do it effectively.  Networking is still important, but now I don't have to wait around hoping for referrals.

Identifying Your Target Market

When I started my sales career, my philosophy was to let anyone who needed my product buy from me. It worked. I was one of the more successful young salespeople and I exceeded my quota month after month. My target market was "anyone and everyone", and it seemed to be working. However, I was unknowingly limiting my future success.

Using Business Cards

Good networkers typically collect between 3 to 5 business cards for every hour they invest at a networking event.  It is important to have a system to process the business cards you collect at networking events, because while you might be able to process 3 to 5 business cards a day, anything over that requires a systematic way to keep up with connections until they become friends and clients.

Learn how we applied predictive analytics to CRM & accounting data to identify who was 60 to 80% likely to enroll at a Top 10 Online University. 

Step 1: The first thing that I do is prioritize business cards based on the conversations that I have had with people.  I start by throwing away the business cards of people that handed me their card, but that we failed to have a conversation.  The reason that I throw those business cards out is because I don't know anything about that person and their business, and they choose not to take the time to learn anything about me and my business.  For people that I did have a conversation with I write down details about that person in my CRM (see Step 2).

How to Get Referrals from Clients

Referrals from current clients are completely different from referrals from referral partners. Getting referrals from your current clients require a different conversation, because they already know you, your product, and the benefits. One of the best I know at having the conversation is a friend of mine named Amy. She has developed a system that allows her to receive 10+ referrals per week from her current clients.

I asked her how she was getting so many referrals, when most people are happy with one or two per week.  She told me not to be satisfied with just one or two referrals. "I used to get only one or two per week until I started expecting three or four from each person.  Unless you make it a point, they don't know how many they are supposed to give you. After setting expectations clients usually just keep providing names of people that I can help, until I stop them."

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