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Digg it UP - Cross-Selling Training
Marketing-Minded Financial Planners, Join Your Professional Organization to Get Free Publicity on. Most importantly, the customer benefits of these products need to be specified at the granular level. If a product is going to save time, it needs to be clear WHO is going to save HOW much time. For example, a personal video recorder (PVR) such as TiVo® allows someone who hates commercials (the WHO) to skip 12 minutes of commercials every hour (the BENEFIT).Unlike some professionals like lawyers and doctors, financial planners aren't required to be members of a professional association.However, if you want to take advantage of a great way to get free publicity, you marketing-minding financial professionals will join an association like the Financial Planning Association or the Society of Financial Service Professionals.Get active first in your local chapter, then nationally. Being active in a professional association is the number one way for a financial planner to get media coverage.When media folks need experts, they often go straight to the associations for help. This is a particularly popular tactic among local newspaper or television reporters who want a local person to comment on a national story. Has the stock market had a huge rally? They'll want a local stock-picker to share their thoughts, not a New York City brokerage chief. That's when a reporter will ca Customer service reps need to be receptive to potential buyers of a product so when they are listening to the customer on the call, they can pick up specific clues that would lead to specific products. If, during a call, the caller complains that “there seems to be getting more and more commercials on TV” the customer service rep can position TiVo as a product that the customer may find useful. Another caller may talk about how they’re missing an important part of the game because the video signal is out. After addressing the problem, the customer service rep may position TiVo as a tool to ensure that the customer can replay parts of the game that he missed. The product training must focus on targeted potential buyers and the specific benefits they would get from the product or service. General marketing messages (i.e., save time, lower costs) and product functions and features do NOT make for effe My Career is in the Doldrums - Do I Need a Coach or a Therapist? Most companies train their customer service representatives to ask questions to solve problems. Cross-selling is extending those existing skills since selling is really nothing more than good problem-solving. At the same time, cross-selling skills can be unique and can be as foreign to customer service reps as another language.Is Monday the worst day of your week? Can you hardly remember when you enjoyed going to work? Do friends ask why you seem so down? Maybe this has been going on awhile, and you’re realizing it’s time to do something. But where do you turn? At one moment you tell yourself “It’s just my career…Change that, and everything will be OK”. Another moment, you acknowledge you’re living under a cloud and a lot of old emotional ghosts are returning. Your friend who’s recommending you consult her therapist may be right.Your uncertainty is understandable. Work itself is never “just work” but can reach deep into our attitudes toward ourselves and into our sense of belonging in the world. Furthermore, therapy and coaching have much in common and differ primarily in the emphasis each places on action and understanding. Whether you decide to deal with your work issues through a practical approach or a psychological approach is a mat In order to effectively cross-sell through the service channel, start with an assessment of current abilities and comparing them to cross-selling competencies An employee skilled at cross-selling: • Views cross-selling as an extension of customer service and a way to solve customer problems. • While addressing the reason for the customer call, listens and identifies clues to additional customer needs. • Successfully addresses the customer’s original reason for the call before discussing additional products or services. • Uses checkbacks to ensure that issues have been addressed, messages understood, and actions agreed to appropriately throughout the call. • Throughout the call, listens for clues that may identify the caller’s predisposition for cross-selling (both in terms of product/service need AND in terms of receptivity). • Successfully transitions to cross-selling by asking questions to investigate and/or clarify additional customer needs identified during the call. • Matches appropriate products/services to meet specific customer needs. • Positions the customer benefits of these products/services in terms and tone that demonstrate helpfulness to the customer. • Ends discussion of additional products/services if the customer objects. • Recognizes buying signals. • Closes the sale by asking for confirmation by the customer. Training must provide demonstrations of these skills in action. Charlie Gargaly, customer service master trainer at Entelechy is adamant that the training show the skills being applied by THESE reps in THEIR environment: “Generic training doesn’t work here. Customer service reps need to see ‘one of their own’ successfully demonstrating the skills.” Gargaly recommends using video to capture vignettes of real reps demonstrating the specific skills; use the videos in training to demonstrate and discuss the skills. However, for training to be successful, two obstacles MUST first be addressed. We must address the predisposition some employees may have against sales. And we must ensure that the product information includes clear and specific benefits. Let’s look at these two obstacles. Predisposition Against Sales “I’d rather quit than sell.” “I was hired to help people, not manipulate them.” The feelings of many customer service reps towards sales are often more violent than those expressed by customers! Clearly, introducing cross-selling training to such an audience would fail quickly and unequivocally. Therefore, a critical initial step is to help customer service reps see cross-selling for what it is (or what it SHOULD be): an extension of providing the best and most complete service to the customer. Although presenting some of the research findings mentioned earlier might lower the defenses of many customer service reps, metamorphosis happens at two levels. The first is recognition that they themselves have happily purchased items that others suggested; in other words, the customer service reps themselves have benefited from a relevant and timely recommendation made by someone else. The second is the realization that THEY as customer service reps are sometimes the ONLY people who are in a position to provide this helpful information to customers. It is important for customer service reps to see that positioning products and services that will benefit the customer IS customer service! Of course, if the customer is satisfied and does not need anything else, the rep should close the call without even mentioning any other products or services. However, if the customer service rep could provide the customer better service by matching a product or service to an expressed need, then missing that opportunity is incomplete customer service. A significant amount of Entelechy’s initial customer service training focuses on helping customer service reps see themselves as the customer’s advocate, someone who has insights and information that will help that particular customer. Through small and large-group discussion, we extend that “customer advocacy” to include an obligation to position relevant and beneficial products and services thereby gradually reducing and eliminating the biases that customer service reps have against sales. Product Knowledge Product knowledge is perhaps the most misunderstood element in the cross-selling equation. Companies spend time on product features and functions, yet we all know that customers don’t really care much about those things. They care about benefits. And actually, they really only care about benefits to THEM personally. For cross-selling efforts to work, customer service reps need training and support (in the form of job aids) that provide easy-to-access product information. Most importantly, the customer benefits of these products need to be specified at the granular level. If a product is going to save time, it needs to be clear WHO is going to save HOW much time. For example, a personal video recorder (PVR) such as TiVo® allows someone who hates commercials (the WHO) to skip 12 minutes of commercials every hour (the BENEFIT). Customer service reps need to be receptive to potential buyers of a product so when they are listening to the customer on the call, they can pick up specific clues that would lead to specific products. If, during a call, the caller complains that “there seems to be getting more and more commercials on TV” the customer service rep can position TiVo as a product that the customer may find useful. Another caller may talk about how they’re missing an important part of the game because the video signal is out. After addressing the problem, the customer service rep may position TiVo as a tool to ensure that the customer can replay parts of the game that he missed. The product training must focus on targeted potential buyers and the specific benefits they would get from the product or service. General marketing messages (i.e., save time, lower costs) and product functions and features do NOT make for effec Writing Sales Letters that Slay 'em /or clarify additional customer needs identified during the call.We all think about slaughtering our competition in one way or another – but the real key to exterminating your competition is writing a great sales letter that contains killer copy.A sales letter must grab the attention of your prospect right out of the gate with an opening statement that sucks them into reading your entire letter.(example: Calendars Boost Sales Throughout The Entire Year)Once you have their attention with a passionate headline or a commanding statement, you need to drop your guarantee in their laps. Then add some case studies or testimonials that give your promise credibility.(example: No other promotional product gives you the year round exposure that a Calendar does. Having your message viewed day in and day out stretches your advertising dollars when you market using Calendars).Your testimonials need to be straightforward and to the point - you want testimonials from clients t • Matches appropriate products/services to meet specific customer needs. • Positions the customer benefits of these products/services in terms and tone that demonstrate helpfulness to the customer. • Ends discussion of additional products/services if the customer objects. • Recognizes buying signals. • Closes the sale by asking for confirmation by the customer. Training must provide demonstrations of these skills in action. Charlie Gargaly, customer service master trainer at Entelechy is adamant that the training show the skills being applied by THESE reps in THEIR environment: “Generic training doesn’t work here. Customer service reps need to see ‘one of their own’ successfully demonstrating the skills.” Gargaly recommends using video to capture vignettes of real reps demonstrating the specific skills; use the videos in training to demonstrate and discuss the skills. However, for training to be successful, two obstacles MUST first be addressed. We must address the predisposition some employees may have against sales. And we must ensure that the product information includes clear and specific benefits. Let’s look at these two obstacles. Predisposition Against Sales “I’d rather quit than sell.” “I was hired to help people, not manipulate them.” The feelings of many customer service reps towards sales are often more violent than those expressed by customers! Clearly, introducing cross-selling training to such an audience would fail quickly and unequivocally. Therefore, a critical initial step is to help customer service reps see cross-selling for what it is (or what it SHOULD be): an extension of providing the best and most complete service to the customer. Although presenting some of the research findings mentioned earlier might lower the defenses of many customer service reps, metamorphosis happens at two levels. The first is recognition that they themselves have happily purchased items that others suggested; in other words, the customer service reps themselves have benefited from a relevant and timely recommendation made by someone else. The second is the realization that THEY as customer service reps are sometimes the ONLY people who are in a position to provide this helpful information to customers. It is important for customer service reps to see that positioning products and services that will benefit the customer IS customer service! Of course, if the customer is satisfied and does not need anything else, the rep should close the call without even mentioning any other products or services. However, if the customer service rep could provide the customer better service by matching a product or service to an expressed need, then missing that opportunity is incomplete customer service. A significant amount of Entelechy’s initial customer service training focuses on helping customer service reps see themselves as the customer’s advocate, someone who has insights and information that will help that particular customer. Through small and large-group discussion, we extend that “customer advocacy” to include an obligation to position relevant and beneficial products and services thereby gradually reducing and eliminating the biases that customer service reps have against sales. Product Knowledge Product knowledge is perhaps the most misunderstood element in the cross-selling equation. Companies spend time on product features and functions, yet we all know that customers don’t really care much about those things. They care about benefits. And actually, they really only care about benefits to THEM personally. For cross-selling efforts to work, customer service reps need training and support (in the form of job aids) that provide easy-to-access product information. Most importantly, the customer benefits of these products need to be specified at the granular level. If a product is going to save time, it needs to be clear WHO is going to save HOW much time. For example, a personal video recorder (PVR) such as TiVo® allows someone who hates commercials (the WHO) to skip 12 minutes of commercials every hour (the BENEFIT). Customer service reps need to be receptive to potential buyers of a product so when they are listening to the customer on the call, they can pick up specific clues that would lead to specific products. If, during a call, the caller complains that “there seems to be getting more and more commercials on TV” the customer service rep can position TiVo as a product that the customer may find useful. Another caller may talk about how they’re missing an important part of the game because the video signal is out. After addressing the problem, the customer service rep may position TiVo as a tool to ensure that the customer can replay parts of the game that he missed. The product training must focus on targeted potential buyers and the specific benefits they would get from the product or service. General marketing messages (i.e., save time, lower costs) and product functions and features do NOT make for effe Does Cold Calling Really Work?: Three Ways to Know the Truth lesThis belief has long been the contention of many people, especially those who believe that man, being a rational being, is always accountable for his action. They know that they will be rewarded for every good action that they make, and they will be punished for every bad action they did otherwise.This belief has also been applied to many activities like cold calling.Basically, people do cold calls if they want to market their product even without knowing who they will call, And as applied, cold calling works on some people, and to some, they just sucks.In many instances, cold calling really works. However, it is not simply based on trying something because they know they will benefit something from it; and they would continue on believing that it will really do them good even if they did not even tried hard enough.In some areas, some people would contend that the effectiveness of cold calling really depen “I’d rather quit than sell.” “I was hired to help people, not manipulate them.” The feelings of many customer service reps towards sales are often more violent than those expressed by customers! Clearly, introducing cross-selling training to such an audience would fail quickly and unequivocally. Therefore, a critical initial step is to help customer service reps see cross-selling for what it is (or what it SHOULD be): an extension of providing the best and most complete service to the customer. Although presenting some of the research findings mentioned earlier might lower the defenses of many customer service reps, metamorphosis happens at two levels. The first is recognition that they themselves have happily purchased items that others suggested; in other words, the customer service reps themselves have benefited from a relevant and timely recommendation made by someone else. The second is the realization that THEY as customer service reps are sometimes the ONLY people who are in a position to provide this helpful information to customers. It is important for customer service reps to see that positioning products and services that will benefit the customer IS customer service! Of course, if the customer is satisfied and does not need anything else, the rep should close the call without even mentioning any other products or services. However, if the customer service rep could provide the customer better service by matching a product or service to an expressed need, then missing that opportunity is incomplete customer service. A significant amount of Entelechy’s initial customer service training focuses on helping customer service reps see themselves as the customer’s advocate, someone who has insights and information that will help that particular customer. Through small and large-group discussion, we extend that “customer advocacy” to include an obligation to position relevant and beneficial products and services thereby gradually reducing and eliminating the biases that customer service reps have against sales. Product Knowledge Product knowledge is perhaps the most misunderstood element in the cross-selling equation. Companies spend time on product features and functions, yet we all know that customers don’t really care much about those things. They care about benefits. And actually, they really only care about benefits to THEM personally. For cross-selling efforts to work, customer service reps need training and support (in the form of job aids) that provide easy-to-access product information. Most importantly, the customer benefits of these products need to be specified at the granular level. If a product is going to save time, it needs to be clear WHO is going to save HOW much time. For example, a personal video recorder (PVR) such as TiVo® allows someone who hates commercials (the WHO) to skip 12 minutes of commercials every hour (the BENEFIT). Customer service reps need to be receptive to potential buyers of a product so when they are listening to the customer on the call, they can pick up specific clues that would lead to specific products. If, during a call, the caller complains that “there seems to be getting more and more commercials on TV” the customer service rep can position TiVo as a product that the customer may find useful. Another caller may talk about how they’re missing an important part of the game because the video signal is out. After addressing the problem, the customer service rep may position TiVo as a tool to ensure that the customer can replay parts of the game that he missed. The product training must focus on targeted potential buyers and the specific benefits they would get from the product or service. General marketing messages (i.e., save time, lower costs) and product functions and features do NOT make for effe What Do Air Freight Carriers Do? e, the rep should close the call without even mentioning any other products or services. However, if the customer service rep could provide the customer better service by matching a product or service to an expressed need, then missing that opportunity is incomplete customer service.An air freight carrier is an airline which is dedicated to the transportation of cargo and in some cases they may be a division or subsidiary of a larger passenger airline service such as BA, United Airlines etc.The major companies known for their air freight carrier services are Federal Express or as they are now more commonly known Fed-Ex who commenced trading in 1973 and now have annual revenues of $21.4 billion. They employ over 140,000 staff worldwide and have access to more than 375 airports across the globe. Their main aircraft that they use in order to transport air freight are Airbuses, ATRs and Boeings (they have a total of 674 aircraft worldwide).Then there is UPS who were founded in the US in 1907 and has now grown to a $42.6 billion corporation and since 1982 when UPS Air Cargo was set up to provide a way for customers to move their freight shipments. Although their all points international air hub is lo A significant amount of Entelechy’s initial customer service training focuses on helping customer service reps see themselves as the customer’s advocate, someone who has insights and information that will help that particular customer. Through small and large-group discussion, we extend that “customer advocacy” to include an obligation to position relevant and beneficial products and services thereby gradually reducing and eliminating the biases that customer service reps have against sales. Product Knowledge Product knowledge is perhaps the most misunderstood element in the cross-selling equation. Companies spend time on product features and functions, yet we all know that customers don’t really care much about those things. They care about benefits. And actually, they really only care about benefits to THEM personally. For cross-selling efforts to work, customer service reps need training and support (in the form of job aids) that provide easy-to-access product information. Most importantly, the customer benefits of these products need to be specified at the granular level. If a product is going to save time, it needs to be clear WHO is going to save HOW much time. For example, a personal video recorder (PVR) such as TiVo® allows someone who hates commercials (the WHO) to skip 12 minutes of commercials every hour (the BENEFIT). Customer service reps need to be receptive to potential buyers of a product so when they are listening to the customer on the call, they can pick up specific clues that would lead to specific products. If, during a call, the caller complains that “there seems to be getting more and more commercials on TV” the customer service rep can position TiVo as a product that the customer may find useful. Another caller may talk about how they’re missing an important part of the game because the video signal is out. After addressing the problem, the customer service rep may position TiVo as a tool to ensure that the customer can replay parts of the game that he missed. The product training must focus on targeted potential buyers and the specific benefits they would get from the product or service. General marketing messages (i.e., save time, lower costs) and product functions and features do NOT make for effe Totally Free Classifieds Website - Anything Can Happen If Someone is Truly Motivated on. Most importantly, the customer benefits of these products need to be specified at the granular level. If a product is going to save time, it needs to be clear WHO is going to save HOW much time. For example, a personal video recorder (PVR) such as TiVo® allows someone who hates commercials (the WHO) to skip 12 minutes of commercials every hour (the BENEFIT).What do you think about a website that claims to serve 100% free classified ads worldwide? Incredible! Trickery! Insane! Well, no one can use such harsh words if he or she correctly identifies the motivation of a person who has started such a website.The owner of this particular site once put a classified ad in the local newspaper to sell his old vacuum. He advertised he would sell it for $ 100 and the cost of the ad was $ 30. His phone didn't ring the first week, second week and not till he received his credit card statement eight weeks down the lane. He knew he has already spent $ 240 on something he planned to sell for $ 100.That is a lesson learnt for life. He identifies re-running of classifieds in newspaper is not free. Interested parties may not quickly find an ad placed in a local newspaper. Oh ho, but the price he paid – it is too much.Now he wants to take a dig at the newspaper – as you can think. He no Customer service reps need to be receptive to potential buyers of a product so when they are listening to the customer on the call, they can pick up specific clues that would lead to specific products. If, during a call, the caller complains that “there seems to be getting more and more commercials on TV” the customer service rep can position TiVo as a product that the customer may find useful. Another caller may talk about how they’re missing an important part of the game because the video signal is out. After addressing the problem, the customer service rep may position TiVo as a tool to ensure that the customer can replay parts of the game that he missed. The product training must focus on targeted potential buyers and the specific benefits they would get from the product or service. General marketing messages (i.e., save time, lower costs) and product functions and features do NOT make for effective product training. Product training without teaching skills – or teaching skills independent of product knowledge – is ineffective. Training that combines product and skills training is the solution. Conclusions Cross-selling is rapidly becoming the primary way of increasing revenue for many customers. Done effectively, cross-selling can also increase customer satisfaction and retention. Done ineffectively and you risk losing your only source of revenue. Cross-selling training needs to combine both product information AND skills practice. If your customer service reps ask questions and position products in the mode of solving customer problems, they’ll make the customer feel taken care of and appreciated. When done right, cross-selling will do more than sell products; it can increase customer satisfaction and retention. Download your free copy of Effectively Using Cross-Selling and Up-Selling to Increase Revenue AND Customer Service at http://unlockit.com/TS-HPCS.htm and increase the effectiveness of your cross selling efforts.
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