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Industry : Management & Strategy Consulting Functional Area : Performance
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sales

skills

Activity:  14 comments  1044 views  last activity : 07 06 2010 20:18:04 +0000
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Sales Skills

... The Five (5) Critical Selling Skills

 

Selling Skill #1 - How To Develop the Best Buyer/Seller RelationshipSelling Skill #2 - Sales Call PlanningSelling Skill #3 - Questioning SkillsSelling Skill #4 - Sales Presentation Skills

FACT: 82% of Salespeople Fail to Differentiate

Q: Why is this?

Most salespeople fail to follow a process that matches the natural buying process that nearly all customers make. 82% of sellers are out-of-sync with the buyer. Learn how to join the elite sellers that truly understand how to "walk arm-in-arm with their customer" as each of the Five Sequential Buying Decisions are being made.

We structure our sales presentations in this order to avoid resistance later in the call.

Learn the process every buyer uses
The salesperson who follows this process always wins.


FACT: 99% of Salespeople Fail to Set the Right Call Objectives

Q: Why is this?

This is not surprising since over two-thirds of companies lack a formal sales process. Even fewer have a documented "Best Sales Practices."

As companies and salespeople Certify on this critical selling skill using the Action Selling Certification Program, they finally have a road map to follow. The entire sales process gains momentum. Salespeople win more business - at higher margins - while decreasing sell cycle time.

Learn how to maximize sales call planning

This critical selling skill unlocks more sales potential more quickly than any other.

FACT: 86% of Salespeople Ask the Wrong Questions

Q: Why is this?

The Question is the number one tool the salesperson has for managing sales calls. It's surprising how many salespeople are poor performers when it comes to asking the right questions. The Best Questions actually "Open" the sale. And you can't close a sale unless you've opened it.

  • Poor Questioning leads to resistance in the form of Objections
  • Poor Questioning doesn't allow product or company differentiation
  • Poor Questioning leads to poor sales strategy

Learn how to maximize your questioning skills

 

FACT: 95% of Salespeople Talk Too Much and Listen Too Little

Q: Why is this?

Many sales are lost due to the lack of a procedure for presenting product capability. The symptoms associated with poor sales presentation skills include:

  • Sales calls that lose momentum
  • Customers that lack enthusiam about your product
  • Price or product objections
  • Losses to competition
  • Stalls such as: "I'd like to think about it."

Learn how to maximize your sales presentation skills

When a consistent procedure is used, sales presentations are focused on specific, high-priority needs. Your solution is viewed as unique to the customer. Salespeople win more business, at the right price.

FACT: 62% of Salespeople Fail to Ask for Commitment

Q: Why is this?

The principle mission of the salesperson is to Gain Commitment. That's the reason why companies value the work that we do. So why would more than half of sales people skip this act?

  1. They don't set the right kind of objectives for sales calls.
  2. They miss buying signals from the customer.
  3. They lack a procedure for gaining commitment.

Learn how to maximize your skills at gaining commitment

When a consistent procedure is used, salespeople know when and how to ask for the sales commitment.

Source :-

http://www.thesalesboard.com/sales-books.asp

 Top Comment : Makrand Bhave   | 06 23 2009 01:10:26 +0000
Amazing facts substantiated by the correct theory! Brilliant. Reality always s***s. In any of the above given scenarios, what needs to be observed is that all of these are argued or even explained on a very IDEAL base. In Sales, you are never presented with such scenes 90% of the times. Generally speaking, Sales is a process that takes place on field. In the prospects office, shop floor, retail counter or in the most bizzare scenario on telephone. It is basically need based. If a sales person has made a presentation call and has got his audience right he may be able to conclude a SALE even on a mail. Circumstances control the behavior of a sales call and its the versatility of a sales person that can get the person in question to assess the situation and turn the situation to his advantage! Super article to bear in mind ...
 
14 comments on "The Five (5) Critical Selling Skills"
thats stuff is pretty appriciable. but let me put a notion in your head and in head of every sales person. while negotiating with customer put yourself in place of customer then you come to know the desire of customer thus make things in a easy go process
  Commented by  Badri N Srinivasan, Head - Quality, Valtech India Systems Pvt. Ltd.    | 06 30 2010 12:45:40 +0000
Thanks for the referral, Sheetal...
Very good article...
The stats are amazing and hope they are based on accurate data as it is difficult to collect accurate data in these areas...
  Commented by  Sheetal Jadhav, Sales/BD Manager, Future Group    | 06 30 2010 08:50:07 +0000
Amazing insight, was really useful..... Thanks vishab for sharing !!! good job done .... keep posting such interesting insights......   
  Commented by  B.Mehernath, Sales/BD Manager, Belroc Costruction chemicals India(P) Ltd.    | 06 24 2009 13:37:16 +0000
great work, and how much time did you spend on it?
  Commented by  Manisha Chakravarty, Freelancer, Freelancer    | 06 23 2009 18:19:34 +0000
That was a very insightful article...and Mr Lewis's comments were absolutely apt.  Indeed the sales field breeds all kinds and thus diluted the race of the true salesforce! Lets hope that a platform like this and Sales cult on Toostep will help all the like minded sales people to share all their gyan...keep posting such great insights Vishab.
  Commented by  Alexander Lewis, Marketing Manager, self    | 06 23 2009 10:31:20 +0000
Rating : +1 
The Sales community is mixed with a lot of people who have abused this line - these are people who fawn and suck ! e.g. TV journos. This breed of people make huge and colorful presentations that can go on for hours, but at the end of it, no one knows or wants to question (either from the buyer or the seller side) the purpose of this huge time wastage, excepting for being in a huge board room to escape some other commitment, or to check out the meals in the new 5-star joint and network. So like this breed of journos, they can ramble on and on of Aishwarya and what she is doing in Cannes.

Secondly, make it a point to keep ur company BS and branding out as much as possible. e.g if you are IBM, most buyers know u are a HW guy, but u also carry applications, Global software partners - so stick to telling him what u want to or plan to offer.  If u are a representing a small set up offering oracle, again be brief, tell him what u offer in say Oracle or Network management, what more u can offer him, be very particular about your support programs as ultimately the client would want excellent support to justify giving a project to a small guy.


If u have put in such effort to give a big presentation, u need to get value for ur time investment and get the target to get a feel of what he liked about the presentation, how relevant it was to his organization, does he have a need and where this is misaligned, get a commitment if he is fired up. If ur prospect is not fired up, u are just a TV commentator or news reader. None of your prospects will give u commitments after getting a free Gyan.

Thanks Vishab, very few formal books around in the market these days, and anyone who can give good literature always welcome. Marketing Management is a science, but without the Art part i.e. Sales combined with real gyan, it is only Ek Haath Ki Taali 
  Commented by  Jithesh Ramesh, Actuary Manager, Tata Aig Insurance Solutions    | 06 23 2009 09:34:04 +0000
excellent insight vishab....thanks for the referral
  Commented by  Karthick babu, Business Analyst, Latchiya Software Systems    | 06 23 2009 07:40:48 +0000
Worth reading it, thanks for sharing with us...

Very Good Article !!
Thanks For Sharing !!
  Commented by  suchita Ambardekar, Financial Analyst, Falcon Brokerage Pvt Ltd.    | 06 23 2009 06:12:43 +0000
Rating : +1 
For a marketing person as well as sales person...lot can be learned from this post of yours...
Keep going....vishab
  Commented by  Mohit Aggarwal, Sales/BD Manager, Oracle    | 06 23 2009 05:47:23 +0000
Rating : +2 
Are these some facts or what??
Vishab.. these are great insights. Thanks for sharing it with us with such an attractive presentation. These are such vital information which, at most times, go unnoticed. Sales is not just any job. It's an art. A salesman can't just get someone interested in his product. Even if someone prepares himself well, it depends on how well he can produce it when needed because, when the salesman is face to face with the customer, he becomes nervous and everything goes haywire.One must have good intuitive skills that is well supported with human psychology. He should be able to read what's going on in the customer's mind. I think a good psychologist can be a good salesman. :) what say?    
  Commented by  Vijay Bhaskar, Business Excellence Analyst, Unisys    | 06 23 2009 05:04:56 +0000
Rating : +2 
True to the word. One major aspect that I thought was not mentioned here is the lack of proper knowledge management that drives the entire process of sales and organizational development and progress. Unless there is a good framework that promotes the knowledge to be collected, collated and analyzed, it is very difficult to do any kind of a forecasting and customer analysis, which is the basic input that the sales folks need to be equipped with the rest of the things that are mentioned here. 
Thanks for sharing the article Vishab. 
  Commented by  Dayanand Deshpande, Senior Consultant, Ernst & Young    | 06 23 2009 04:50:07 +0000
great sharing....Vishab !!!
  Commented by  Makrand Bhave, Sales Promotion Manager, XYZ    | 06 23 2009 01:10:26 +0000
Rating : +2 
Amazing facts substantiated by the correct theory! Brilliant.

Reality always s***s. In any of the above given scenarios, what needs to be observed is that all of these are argued or even explained on a very IDEAL base. In Sales, you are never presented with such scenes 90% of the times. Generally speaking, Sales is a process that takes place on field. In the prospects office, shop floor, retail counter or in the most bizzare scenario on telephone. It is basically need based. If a sales person has made a presentation call and has got his audience right he may be able to conclude a SALE even on a mail.

Circumstances control the behavior of a sales call and its the versatility of a sales person that can get the person in question to assess the situation and turn the situation to his advantage! Super article to bear in mind ...
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