
Entries in success (55)
Doing Business By Accident Is Over
The age of doing business by accident is over. Clients and customers have so many choices today that you can’t expect to just show up, throw your briefcase on the table, and grab an order.
Now, is this a doom-and-gloom scenario, stating that there’s no more opportunity out there? Of course not. In fact, there’s more opportunity out there today than ever before. I really believe that no matter how successful you are right now, you have an opportunity to be more successful than you’ve ever been before.
There’s just one catch: In today’s competitive world there is no more margin for error.The companies and the people that will succeed today, tomorrow, and on into the future are the ones who will be willing to do everything RIGHT.
I know that as a client, customer, or consumer I can buy almost anything I want from the Internet and I never have to talk to you! So the question now becomes, what is it that you are willing to do for all your clients, customers, and prospects that creates so much extra value that it is more beneficial for them to buy directly from you than to just click on their computers?
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In other words, how are you differentiating yourself from the competition?
I think the single biggest question I have for you is this: What are you really selling?
Are you just selling whatever will get you the fastest commission, or are you selling extraordinary quality, service, convenience, and value? Are you just selling the first thing out of your bag, just to get your boss off your back, or are you selling “Save me time and make my life easier”? Are you just selling whatever the customer thinks they want and need, or are you selling knowledge, expertise, information, and education?
Are you just selling stuff? Are you just selling what everyone else is selling? Because if you are, I can click on my computer and I can buy stuff from the cheapest guy in town.
Get out there and sell some value.
Your Clients Are Not Experts On What You Do
I guarantee there is not a single client, customer, or prospect who wants to be an expert on what it is that you do. That’s what we have you for: to be our expert, adviser, and resource.
Your clients do not have the time nor the inclination to be an expert on what it is that you do. Heck, most clients don’t have the time to keep up with all the information they need to be experts in their own field, let alone yours. That’s why your ability to supply your clients with knowledge, expertise, information, and education is critical to not only your success, but theirs, too.
THE FOURTEENTH ROCK-SOLID RULE FOR ACHIEVING SALES SUCCESS
Successful salespeople act as experts, advisers, and resources to their clients, always ready to provide them with knowledge, expertise, information, and education.
As an expert, adviser, and resource, your job goes way beyond supplying your clients with great products and great service.Your job is also to provide the client with the knowledge, expertise, information, and education they need to be more successful in their career or business.
If you can do that on a consistent basis, you will have differentiated yourself from the competition, created so much extra value that your price almost becomes immaterial, and reached the zenith of success in sales:You will have made yourself indispensable to the client.
THE FIFTEENTH ROCK-SOLID RULE FOR ACHIEVING SALES SUCCESS
Successful salespeople are indispensable to their clients.
For example, I’ve done a lot of work with salespeople in the cable TV advertising business. Many of their clients are local small businesses.
These are the kind of businesses that don’t have an ad agency representing them and are not big enough to have their own advertising or marketing department. The most successful cable TV advertising salespeople I’ve met don’t just sell ads to these businesses; they lend their knowledge and expertise to these clients while acting as the client’s advertising and marketing consultant.
These successful salespeople first find out everything they can about their client’s business. Then, rather than just selling them an ad or series of ads, they help the client formulate an advertising and marketing plan designed to help them get the biggest bang for their ad dollar and, consequently, increase the client’s business.
By the way, if you haven’t figured it out yet, when you increase a client’s business it not only makes you indispensable, but it gives the client the wherewithal to buy even more from you. Talk about a win-win.
Successful Salespeople Create And Deliver Value
This is a free excerpt from Chapter 12 of The Best Damn Sales Book Ever.
As a professional speaker, I have a huge edge on many of my clients: I don’t speak in only one industry. I speak in a wide variety of industries to a wide variety of companies. One of the many things I enjoy about what I do is that I get to learn about all these different industries and companies. I also get to see what goes on in these industries and their marketplaces. Let me tell you what I see going on in almost every single industry and marketplace that I have walked into in the last 5 to 10 years.
The middle is dead! The middle is gone!
If you want to be successful in today’s business world and economy, you have to be one of two things: the cheapest or the best.
The days are long gone when you could sell a pretty good product or pretty good service at a pretty good price, because I can get “pretty good” at a dirt cheap price. Or I can get “fantastic” at just a little more expensive price, because pretty good just isn’t good enough anymore.
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Look around you, go to any shopping mall. Look at the stores that do business and look at the stores that do not. On the one hand, you have your deep discounters, such as Wal-Mart,Target, and Kohl’s. But even down at this end, where price is supposedly the deciding factor, how do you explain what happened to Kmart? Similar merchandise, similar prices, but not nearly the same results as Wal-Mart, Target, or Kohl’s.
Walk into a Wal-Mart,Target, or Kohl’s and you’ll find them well lit (you could use a pair of sunglasses in Wal-Mart) and well stocked. I don’t know about you, but I’ve walked into quite a few Kmarts that were poorly lit, and let me tell you something about poor lighting. When a store is poorly lit it looks dingy.When it looks dingy, it can look dirty, even if it’s clean.
Another thing I noticed in Kmart are what’s known as “holes in the shelves.” This is a retailing term signifying they’re out of that item, causing a big empty space on the shelf (hence the term).Now I don’t know about you, but for me the biggest reason to go to a large discounter like Wal-Mart is that I don’t have to worry they won’t have what I’m looking for, since they seem to have everything. With time becoming such a precious commodity in people’s lives, do you really think people want to shop somewhere that won’t have what they’re looking for and they’ll have to go somewhere else? So even down at the price end there’s a value component.
Let’s look at the other side of the coin from the cheapest—let’s go to the best.These are retail stores like Nordstrom, Saks Fifth Avenue, Neiman Marcus, Lord & Taylor, along with specialty operations like Banana Republic and Abercrombie and Fitch.
Then right in the middle you have those mid-range, midprice department stores. You remember those places.Your mother used to drag you there as a kid. Thirty years ago every major city in America had at least three or four of them, and now maybe one or two are left. They either went out of business, merged, or were taken over.
What made the department stores great in their heyday was personal service. Once the discounters started to flex their muscles by cutting price, the department stores started to do the same.The problem was, in order to cut their price, they had to cut somewhere else, and where do you think that was? That’s right, they got rid of the people who provided personal service.
The customers responded predictably. They figured as long as they were going to get abused, they might as well go to a discounter and pay less for the privilege.
You don’t compete on what your competition does best and you don’t. You compete on what you do best and they don’t.
So here it is: You have to be the cheapest or the best. The question is, where do you want to be? Well, if you want my advice, I’ll tell you where you never want to be. You never want to be the cheapest. You never want to be known as the “price company” or the “price salesperson.”
THE TWELFTH ROCK-SOLID RULE FOR ACHIEVING SALES SUCCESS
Successful salespeople consistently create and sell value, rather than get stuck selling price.
How To Lose 1 Million Customers In 3 Months
Everything happens for a reason, especially in business. Companies don’t go out of business or lose customers for reasons totally beyond their control: there’s always a reason.
Most likely their service stunk; or they had really bad management. Perhaps their prices were out of whack with the value, or lack of same, they provided. But believe me; it has nothing to do with bad luck, bad economy or competition. As with anything else in life, when things aren’t going the way you hoped they would, your best bet is to look in the mirror. That brings me to Sprint.
On MarketWatch, there was an article last week titled, Sprint loses more money, customers.
The article began:
Sprint Nextel Corp. on Monday said it lost more than 1 million of its most profitable customers (about to be 1 million and 1, I might add) in the first three months of 2008 as the company’s net loss widened in the most recent quarter.
Sprint has lost millions of customers to rivals in the past few years owing to poor customer service, a less appealing selection of phones and snafus related to it’s $35 billion purchase of Nextel in 2005.
Chief Executive Daniel Hesse, hired in December, has already taken a number of steps to improve the company’s financial performance and its relationship with customers.
Well, you could have fooled me.
I have been a Sprint Wireless customer for over 5 years, which definitely puts me WAYYYYY above average. However, as it stands right now, I will be an ex-customer when my contract runs out in February of ’09.
I have four cell numbers under contract; one for each member of the family. This last contract started back in May of 2006. It had 2100 anytime minutes per month, unlimited nights and weekends, no roaming charges and was a “Fair and Flexible Plan,” meaning if we went over our minutes we would only be charged $5 for each 100 minute overage.
A few months later I realized we didn’t need 2100 anytime minutes (I use Skype far more than my cell; better value), so I downgraded the plan to 1400 anytime minutes per month. Little did I know (because nobody ever bothered to tell me) that when I changed my plan Sprint extended it another 2 years, meaning instead of my plan expiring in May of ’08, it won’t expire until February of ’09.
On top of that, when I received my latest bill I noticed that I was charged twenty cents per minute extra for going over my minutes: What happened to Fair and Flexible?
So I called Sprint Customer Service, something I really hate doing, because there’s never any way to do it quickly. I was told that when I changed my plan I lost the Fair and Flexible component because that service was no longer being offered at that time (Probably because it was a good thing for the customer). I asked how come I was never notified of this at the time and naturally I received a stupid answer. I was also told that Sprint no longer offered the Fair and Flexible plan (remember this part; it comes up later).
Now, to add insult to injury, Sprint announced a couple of months ago that as a service to their customers, in their latest effort to stop the bleeding, they will no longer penalize customers and extend their contracts just for changing their plans.
Now here’s a real pet peeve of mine!
Don’t you just hate it when companies treat new customers better than they treat their long term loyal customers? Cellphone companies are notorious for this.
So now I’m really ticked and I’m going to complain. I decide I want to write a letter to Daniel Hesse, the new CEO, since he claims he wants to improve the company’s relationship with its customers.
But now there’s a problem: I go to the Sprint website and nowhere on that website is there an address for their corporate headquarters or even an email address for the CEO. I guess Mr. Hesse, like so many other executives of bad companies only wants to improve customer relations if he doesn’t actually have to be in contact with any of us.
So once again I called customer service, only this time I started my stop watch. I told my story to the Customer Service Rep and the first thing he said was, “Let me see if I can get you back on the Fair and Flexible Plan.” I know what you’re saying, “I thought the Fair and Flexible Plan wasn’t being offered anymore,” and you’d be right to think that because that’s what I was told.
Don’t you just love it when two people from the same company tell you completely different stories? Remember what I said at the beginning; there are always good reasons why companies fail.
Naturally, I couldn’t get the Fair and Flexible plan but that didn’t matter; I wanted Sprint to do something for me or I would cancel my service when my contract was up. This young man said he couldn’t do anything for me but would transfer me to someone who could and he put me on hold while he went to contact that department.
After about a 5 minute wait I was put in touch with a woman who had no idea what I was calling about. Wouldn’t you assume, as I did, that when the first person said he would transfer me to someone who could help me, then put me on hold while he contacted them that he would have relayed the problem to them? Well, you, like me, would have been wrong. I had to tell my story all over again (another pet peeve).
Now I had been on the phone with Sprint for 24 minutes and had accomplished nothing, so I said to this woman, “Look here’s my story, the other person I spoke to said you would help me. I don’t have time to stay on the phone with you anymore, I’ve wasted enough time already. You have all my information. If you want to do something for me, call me and let me know.”
And I hung up...
It has now been over 24 hours and I haven’t heard from Sprint. What’s the odds that I never will? Probably, 1 to 1? Like I said before and I’ll say it again: there are always very valid reasons why companies fail.Quick follow up to my last blog posting: About one day after writing the article my wife, Linda, inadvertently left her cell phone in her jeans. Now that doesn’t sound so bad, except she threw those same jeans in the washing machine (yes, the phone was still in the pocket).
Needless to say the phone wasn’t working so we had no choice but to go to the Sprint store (otherwise known as a refuge for the unemployable). After a 15 minute wait, the totally apathetic salesperson told us that we had two choices: 1) Buy a new phone for full price (minimum $170.00) or, 2) My wife could use the $75.00 allowance she was entitled to, and put that toward a new phone; however, that would extend our contract for 2 more years. He also said there was no way we would ever get the phone to work again. I didn’t like either choice, especially since their selection of phones is crap, so we left.
Luckily, awhile back I found an article online that tells you what to do in case your cell phone falls in the water. It’s titled, “My Phone Took a Swim,” and you can find it at, http://reviews.cnet.com/4520-3504_7-6767391-1.html?tag=bubbl_1.
The first thing I did when Linda told me what happened was, I took out the battery and dried it with a towel. I then left the phone sitting open on my dresser. A few hours later I put the battery back in and was able to power up the phone. It wouldn’t do anything else but it was a start.
When we got back from the Sprint store I took a hair dryer and dried the phone (I used a warm setting, not hot and low power only, not high). I did all this with the battery out of the phone. I then left it sitting on my desk overnight.
When I came down in the morning I put the battery back in the phone and guess what: that’s right, it worked! Not only that but the address book was intact and the phone’s as good as new.
Right away this told me something very important about Sprint. They’re far more interested in making a sale than helping a client and developing real client relationships. Not once did they offer to try and fix my wife’s phone. They wouldn’t even look at it. All they tried to do was convince us it was unsalvageable. Do you think that could be one of the reasons why they’ve lost more than 1 MILLION of their most profitable customers in the 1st 3 months of 2008?Amazing Customer Service In Academia!
Delivering extraordinary customer service is not hard. It doesn’t take any amazing skill or talent. It’s very similar to playing great defense in basketball. Both take a high level of commitment, desire, communication and buy-in from everyone on the team as well as every level of the organization.
The only reason a company or organization would deliver lousy customer service is the same reason the New York Knicks play lousy defense. Not enough people on the team care; from the top on down.
Just recently, I came across extraordinary customer service in academia! Yes, you heard that right; the ivy-covered, sheltered-from-reality world of academia. You and your company now have no excuse.
My daughter Emily will soon be completing her junior year of high school and has started her college search. I suggested to Emily that she check out High Point University: a small liberal arts college in High Point, North Carolina. She agreed and we signed up for a campus tour.
I suggested it because I happen to know the new President, Dr. Nido Qubein. Dr. Qubein is not an academic. He is a highly successful businessman, entrepreneur, speaker, and author with a high-energy, can-do, no excuses attitude. I figured if anyone could create a unique, cutting-edge atmosphere on a college campus, this was the guy.
Dr. Qubein became president of High Point University three years ago. What he inherited was not pretty: a failing institution that was bleeding money and losing students. What he has done in the last three years is nothing short of remarkable.
- He raised over $100 million in the last 2 years.
- He made the decision that everyone at High Point would understand that students are customers.
- He told his professors that their biggest responsibility was to be in the classroom, be accessible and educate students.
Everyone who works for the university is friendly, accessible and gives you the impression there’s no task too tough to handle. Dr. Qubein wants every student to have an extraordinary experience in a fun atmosphere. Let me take you through our tour in order for you to really appreciate it.
First Emily, Linda (my wife) and I pulled into the visitor parking lot. Now each parking space has an electronic sign. We found our space and the sign read “Welcome Emily Greshes.” Remember, it’s those small unique touches that people remember.
Next we walked into the admissions building where up on the wall was another electronic sign welcoming all the students who were there for the 2PM tour. Each student was greeted by a separate admissions counselor. Pretty amazing since there were about 10 to 15 students there for tours. She briefed us on the university, told us what would happen on the tour, answered our questions and then turned us over to our tour guide. Our tour guide took us around campus in a golf cart, with two other students and their parents.
What we saw was amazing...
The grounds were perfectly groomed with beautiful flowers everywhere. While the university is 80 years old, there isn’t a single building (dorms included) that isn’t either brand new or completely renovated.
Class sizes are no more than 20 students per class. The entire campus is wireless. The new School of Business building was designed to be exactly like the Harvard School of Business. The dorms look like hotels. A freshman girls dorm had two, three and four bedroom apartments with a kitchen, dining area, common area and bathroom. The bedrooms were singles and each apartment accommodated 2 people per bathroom. The dorms had lounges on each floor with flat-screen televisions, leather recliners and games like foosball.
Now for more of those unique small touches...
In today’s crazy world, I’m sure many of you (like me) worry about security on campus, especially those of you with daughters. At High Point U, the campus police are right in the middle of campus next to the Student Union. If you get back to campus late one night and can’t find a parking spot near your dorm all you need to do is drive over to the campus police; they will take your keys; valet park your car for free and shuttle you to your dorm.
There is an ice cream truck that drives around campus dispensing free ice cream. We met the driver: he’s the Student Body President! They’re lucky my son Michael doesn’t go to school there or that truck would be out of business. There are also outdoor kiosks on campus that will dispense hot coffee, hot chocolate, and breakfast snacks for FREE to any student who is rushing to class and didn’t have time for breakfast.
The new Student Union has an outdoor pool with a hot tub (Emily was sold). Since High Point is the furniture capital there are leather recliners all over campus. Linda was so impressed she asked Dr. Qubein if she could apply for admission.
Needless to say, enrollment is soaring and better yet, so is retention. And just in case you’re wondering, and I’m sure you are, the price represents one of the best values in America for a private school.
It’s amazing what an organization can do when everyone is on the same page and is committed to the same thing! If it can be done in the stodgy, resistant-to-change halls of academia, it can be done anywhere.
