| Topic : Selling to C - level Executives |
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Activity:
257 views;
last activity : 07 06 2010 20:18:09 +0000
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Key words
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Rushing into selling
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Unable to demonstrate properly
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Communication
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Unable to do Need Analysis of the customers
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Not understanding the client need
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Negotiations are too product Orientated
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Talking more than listening.
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use stinches
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Not understanding the metrics
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One has to be well prepared for the very opportunity to meet the CXO level people. One has to understand as well as respond in the language (read keywords here) which the CXO would appreciate. Talking about ROI, budgets and investments and TCO would make much sense to CFO. At times they would ask any hardware to be bought at price of steel ... one should know how to handle such queries - nothing related to business and technology. Likewise with other X level executives. |
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Mrs. Vibha I support your idea key words play a vital role in communicating to C-level executives. We should know what words to use and what not to.
Keep sharing your valuable ideas.......
CXO level sales call should require lot of preparedness other than the usual ones. As some body quoted , it would be effective if we can communicate in the same frequency of the CXO. More importantly, a sales person should be good at timing and his spontaneity & presence of mind would play a vital part. Listening skills & comprehension levels are tested. He should be in his toes to identify the right time to put forward his step to bring out an effective conversation. Once he is able to bring the conversation to a common platform, then it would be an ideal place to play his pack of cards(understanding the problem,solution for the problem & benefits to the customer). Secondly articulation, even though it is considered as "hygiene factor", most of them seem to overlook this part of preparation. Having facts & figure in your finger tips would not always help to convert a normal conversation into a effective one. A good ethical sales person should be able to articulate in a convincing way. And convincing the prospective customer is only a part of the objective. People go under tremendous pressure and as soon as they get a chance to speak, they would try to cover the complete aspects of 'sales call' (ie opening,requirement analysis, separating facts and statements, understanding the problem, solution) in one go. This would for sure put the prospective customer to sleep. THATS WHY MANAGEMENT GURU'S MENTIONED "CONVERSATION SHOULD EVOLVE AND ROLL"
It is very important first collect all data from the organization concerned and the product or service you are going to sale. Mare just repeating the story will not serve the purpose. Be specific why you want to sale the product/services and how it will add value to them. Be ready with USP and important points. You get only one chance to make it or break it. Rightly said by some professionals never start the point which you wanted to convey, ask about the business and speak general trend first and gradually move the topic where you have interest and you can make some contribution through your service/product. Try to pin point difficulties they are facing and then give solution rather than giving immediately ROI etc. Always try to know more about your business and think more and more how it will make difference in any environment related to the user. Collect data related to your competitors; speak when there is proper time for that.
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Most of us more often than not make this mistake. In our anxiety or eagerness to promote our product, we tend to rush into talk about the product straightaway, which may back fire at times or may not carry the desired impact. More appropriate way to start off a sale is to talk about the business of the customer, their plant processes, their raw material, market, etc. and all the time looking for the right opportunity to step in with a solution to their problems, which is most likely to spark interest in the customer and is also most likely to convert into a fruitful sale. |
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I thing a seller should understand the customer's behavior first. he have to understand the product of the customer before demonstrating his product. After getting a briff idea of the product he should talk about his product according to customer need.
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This is one reason many of the calls fail at the C- level because sellers fail to gain credibility as they're unable to demonstrate their understanding of the customer's business. Like take an example, they quantify the solution value using metrics meaningful to them, but not the customer. Or they use a project-level metric such as 'reducing scrap' when calling on a CXO versus a corporate-level metric like, Return on Assets that's on their radar screen. This gives not so good impression for them as both the parties are not in sync and nothing will yield after that session...so it is important to be in sync where the conversation that is happening is getting the the right direction that it needs. |
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yes in my view. demonstration is the most crucial step and its the first step to present yourself(product/ services) &also to understand the requirement of clientele.if any of the thing is not improper its result in negative feedback...
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Selling to a C-Level Executive requires a strong communication and presentation where the people expect the confidence level of the sales person on his product. |
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A very good & valid point raised by Mr. Mohit, which one can learn many thing who sales purposely. Many sellers or executives make big mistake while they selling their product to C-Level Customers. Most of the sellers sales their products or service without knowing customers need. It is initial to know customers need & analysis his/her need then suggest best suitable product to the C-Level customers. |
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Their selling efforts are oriented towards the product/service rather than the exact requirements and expectations of the customer.
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One just has to listen to the client's needs and perceptions. The salesperson, then takes off from what he has learfnt about the client's personality and his business. |
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First of all Mohit you have raised a very good point here the Mistakes that one makes during sales at the c-level. I htink Not understanding the metrics is a big problem here other than what you have suggested. It is just that people get only one shot at the executive suite, they should make it count. One should arrive prepared, orient the conversation around the customer's key initiatives and understand the metrics they use to measure business performance. Also credible executive engagement demands will be there, so being prepared to nimbly navigate the twists and turns that can unexpectedly arise. An important thing to remember here is, this is the executive's meeting, not yours. |
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