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Digg it UP - TheTop 10 Reasons Why Salespeople Get Outsold
Selling Stories to the Media-Five Points to Consider to get out of their comfort zones and assume a position of strength--to be more persistent, to negotiate for access to the real buyer and to be more persuasive. Unfortunately, they're coasting, using headlines in the Wall Street Journal as justification for a lack of activity and productivity.How do you make one of the daily newspapers or the TV channels do a story on you, your business, your company, or your client? What does it take to sell a story to a journalist? You can send off an email or pick up the phone and speak about your story idea to the journalist. But will the journalist bite it?These are some key points that I gathered from my interactions with the scribes over the years:1. The quality of the story peg - Wherever you go and whichever media we pitch to, it is a good story that sells. What makes a good story peg are relevancy, topicality, and how useful will the story be to the business community and/or newspaper readers. When we offer a good story to a journalist, not only are we helping ourselves but also the journalist in getting a byline or maybe to the front page. For instance, if you give an exclusive to a young journalist, you are helping him/her get noticed in the market and among his/her peers and he/she will remember you for that.2. Relationship with the journalist - A good relationship with the journalist opens doors quickly for you. This empowers you to call the journa • #8. They don't know who their competition is. More often than you would believe salespeople plod along in a sales campaign without knowing whom they are competing against. It could be an incumbent, no decision, an internal corporate department (such as IT) or Medical Billing - GD0 Record Fields 51 Through 56 In my business, it has been an interesting and very busy two quarters. I've worked with sales managers, marketing executives, professional services practice managers, business development executives, divisional presidents, two dozen sales teams, nine VPs of Sales and directly with 29 CEOs in North America and in Europe. I've seen a lot of deals won and more than a few lost.If you're wondering why medical billing is so expensive and why medical costs themselves are sky high, this is our seventh installment in our series on electronic billing and the GD0 record. After we're finished with our review of the fields, which you will find in this article, we'll then discuss certain fields of the GD0 record, which need to be filled in based on the type of equipment that is being prescribed. If you thought it was confusing up to this point, you haven't seen anything yet.GD0 field 51, position 200, is the leg elevation indicator. This indicator tells the carrier if the patient requires some sort of leg elevation. If the patient does require leg elevation then this field is filled with a Y. If not, this field is filled with an N.GD0 field 52, position 201, is the patient's weight indicator. This field confuses a lot of billers. Reading the description, many billers think that the patient's weight is transmitted here, but seeing it is a one character field, they are totally confused. What is actually transmitted in this field is a one character code that tells the carrier if the patient' When I first meet my clients, I find that some really do not know why they have won or lost business, although often they think they do. Their answers to just a few of my questions provides me with a pretty good idea of where to dig in more deeply. (Note: For me to perform a comprehensive diagnosis and provide appropriate recommendations for improvement, a formal win/loss analysis is required.) In order to help you diagnose why you may have lost one or more deals, I am sharing with you in Letterman-style reverse order, the top ten reasons that salespeople (generally those employed by my clients' competitors) got outsold during the first part of 2003: • #10. They are depending on capabilities of their product or service to win. This is a prevalent cause of losing. Deals have been lost this way for years and will continue to be lost in the future, unless salespeople begin to understand the critical trap they are stepping into if they assume this strategy. I don't know of too many companies these days that truly have a unique enough product or service that they can depend on that offering to win. And even if they do have that truly unique product, it doesn't take a desperate competitor very long to convey to their market that they have greater capability and a lower price. Once that happens, you're in a capabilities "beauty contest" and your product or service is destined to be considered just a commodity. Winners differentiate their product or service in ways that convey value to executives while protecting that value proposition from attack--and they don't count on their demo or presentation to be the ultimate death knell to their competition. • #9. They're afraid. Unfortunately a lot of salespeople have been using the down economy and resultant changes in customer buying patterns as an excuse for not selling. They are afraid to get out of their comfort zones and assume a position of strength--to be more persistent, to negotiate for access to the real buyer and to be more persuasive. Unfortunately, they're coasting, using headlines in the Wall Street Journal as justification for a lack of activity and productivity. • #8. They don't know who their competition is. More often than you would believe salespeople plod along in a sales campaign without knowing whom they are competing against. It could be an incumbent, no decision, an internal corporate department (such as IT) or Vending Machines Won't Make You Money! rovides me with a pretty good idea of where to dig in more deeply. (Note: For me to perform a comprehensive diagnosis and provide appropriate recommendations for improvement, a formal win/loss analysis is required.)I know some of you running a vending business are thinking is this guy off his rocker? Vending machines do make money, they’re a 24-hour employee that never sleeps, eats or asks for a raise. And to an extent you’re all correct but has it ever occurred to you that the vending machine is only your tool of choice to earn your living? Construction workers use a hammer, truck drivers use their truck, and venders use their machines.So what’s the point? The point is the type of machine your using isn’t the be all end all of your business. The first vending machine sales person I ever encountered was selling a new design of Bulk candy machines. The kind you’d see in a department store or mall. He preached about the increase in sales his clients were seeing, but the cost of the machines was astronomical. I asked him a simple question about how a machine could increase sales, and voila I had found the hole in his pitch. It can’t, if a machine has M&M’s in it and accepts quarters either an older style or newer type of machine has the potential to close the deal.So what makes you money in the vending business?The magic In order to help you diagnose why you may have lost one or more deals, I am sharing with you in Letterman-style reverse order, the top ten reasons that salespeople (generally those employed by my clients' competitors) got outsold during the first part of 2003: • #10. They are depending on capabilities of their product or service to win. This is a prevalent cause of losing. Deals have been lost this way for years and will continue to be lost in the future, unless salespeople begin to understand the critical trap they are stepping into if they assume this strategy. I don't know of too many companies these days that truly have a unique enough product or service that they can depend on that offering to win. And even if they do have that truly unique product, it doesn't take a desperate competitor very long to convey to their market that they have greater capability and a lower price. Once that happens, you're in a capabilities "beauty contest" and your product or service is destined to be considered just a commodity. Winners differentiate their product or service in ways that convey value to executives while protecting that value proposition from attack--and they don't count on their demo or presentation to be the ultimate death knell to their competition. • #9. They're afraid. Unfortunately a lot of salespeople have been using the down economy and resultant changes in customer buying patterns as an excuse for not selling. They are afraid to get out of their comfort zones and assume a position of strength--to be more persistent, to negotiate for access to the real buyer and to be more persuasive. Unfortunately, they're coasting, using headlines in the Wall Street Journal as justification for a lack of activity and productivity. • #8. They don't know who their competition is. More often than you would believe salespeople plod along in a sales campaign without knowing whom they are competing against. It could be an incumbent, no decision, an internal corporate department (such as IT) or Positive Discipline - The Hot Stove Rule This is a prevalent cause of losing. Deals have been lost this way for years and will continue to be lost in the future, unless salespeople begin to understand the critical trap they are stepping into if they assume this strategy. I don't know of too many companies these days that truly have a unique enough product or service that they can depend on that offering to win. And even if they do have that truly unique product, it doesn't take a desperate competitor very long to convey to their market that they have greater capability and a lower price. Once that happens, you're in a capabilities "beauty contest" and your product or service is destined to be considered just a commodity. Winners differentiate their product or service in ways that convey value to executives while protecting that value proposition from attack--and they don't count on their demo or presentation to be the ultimate death knell to their competition.Recent studies have shown that industrial supervisors are working at less than 60 % of their potential. Basic management skills training is guaranteed to change all this and at such little costIntroductionThe word discipline has a negative sound as we immediately think of authority and punishment. However, there is another more constructive way to think about this, which we can call – POSITIVE DISCIPLINE.Positive discipline is all about creating an orderly environment where people can conduct themselves to agreed standards of behavior to the benefit of everyone. In this way we avoid unnecessary conflict and potential accidents.Most family groups establish an atmosphere of Positive Discipline, which protects individual's rights but also develops harmony in the family. Positive Discipline is also an excellent learning medium for our children, which allows them to develop in a safe environment.NEGATIVE DISCIPLINE is conflictive by nature and is damaging to group harmony. A potential negative discipline situation occurs when rules are disobeyed or when they are clearly accepte • #9. They're afraid. Unfortunately a lot of salespeople have been using the down economy and resultant changes in customer buying patterns as an excuse for not selling. They are afraid to get out of their comfort zones and assume a position of strength--to be more persistent, to negotiate for access to the real buyer and to be more persuasive. Unfortunately, they're coasting, using headlines in the Wall Street Journal as justification for a lack of activity and productivity. • #8. They don't know who their competition is. More often than you would believe salespeople plod along in a sales campaign without knowing whom they are competing against. It could be an incumbent, no decision, an internal corporate department (such as IT) or How to Establish Fair and Equitable Employee Discipline Policies t happens, you're in a capabilities "beauty contest" and your product or service is destined to be considered just a commodity. Winners differentiate their product or service in ways that convey value to executives while protecting that value proposition from attack--and they don't count on their demo or presentation to be the ultimate death knell to their competition.One of the more common criticisms employees in small or emerging businesses have of their owners is that they are often “arbitrary”, “capricious” or “unpredictable”. These descriptors always scored high on our consultant employee surveys. The reason is simple: without a written policy and procedure to guide them, decisions rendered by management, though often fair, are interpreted differently by different employees. Also, managers do tend to be inconsistent over time without a written policy guideline.Remember, it is the intent of any policy of this nature to anticipate probable violations of company policy and to encourage employees to change their behavior before it becomes chronic or unacceptable and before discharge becomes the only option.Definition of Discipline ProblemsManagement discipline problems can be roughly divided into three categories:Attendance: No-Show: Chronic absence; Excessive Tardiness; Leaving Without Permission; Failure to Report Absence Before Starting WorkOn-The-Job Behavior: Recurrent Errors; Failure to Carry Out Assignments; Refusal to Accept Assignments; Use or Pos • #9. They're afraid. Unfortunately a lot of salespeople have been using the down economy and resultant changes in customer buying patterns as an excuse for not selling. They are afraid to get out of their comfort zones and assume a position of strength--to be more persistent, to negotiate for access to the real buyer and to be more persuasive. Unfortunately, they're coasting, using headlines in the Wall Street Journal as justification for a lack of activity and productivity. • #8. They don't know who their competition is. More often than you would believe salespeople plod along in a sales campaign without knowing whom they are competing against. It could be an incumbent, no decision, an internal corporate department (such as IT) or What the Trend in Online Databases Means to the Employment Screening Industry to get out of their comfort zones and assume a position of strength--to be more persistent, to negotiate for access to the real buyer and to be more persuasive. Unfortunately, they're coasting, using headlines in the Wall Street Journal as justification for a lack of activity and productivity.The most prominent trend in the employment screening industry has been a proliferation of online databases offering cheap background checks. Any one can access the internet and with a quick search be able to purchase, for example, criminal records for a low fee. While that is very appealing to companies looking to trim the budget on background checks, it may in fact be a dangerous trend.What do the companies say that have been running background checks, back when employment screening “industry” was just a concept and not an accepted practice?Tom Lawson, the founder of APSCREEN, the oldest screening firm in the country, says “The necessity of a background check has been established now, and that's why we are seeing such a proliferation of people getting into the business - particularly because the internet makes it an easy field to enter because of the low start-up costs.”Lawson continues, “But back in 1980, when we practically invented the concept of employment screening, companies had to be convinced that there was a good reason to spend money on background checks. We have always been a business that fo • #8. They don't know who their competition is. More often than you would believe salespeople plod along in a sales campaign without knowing whom they are competing against. It could be an incumbent, no decision, an internal corporate department (such as IT) or pressure to fund another initiative or project within their prospect's company. Other times, sales people who get outsold simply don't know anything about that person who is in contention for the same piece of business--not their name, how they sell, to whom they sell, whether they are new at the job or highly experienced or what that person is likely to do to win the business. That's selling blind. • #7. They're not flexible enough to meet customer/client budget and risk requirements. Companies are holding back on capital expenditures, cutting expenses, slowing down or delaying initiatives (and always looking for ways to raise the top line). Their holding back means fewer and smaller sales for us. I'm not suggesting discounting as a primary strategy here. What I have observed again and again is that vendors who are willing to adapt-- and I mean really adapt--their typical terms and conditions of sale to their customers' requirements (for example payment schedules and phase-in approaches) are much more likely to win business. Software companies are renting software. Consulting firms are agreeing to shared risk contracts with performance bonds. Is your company ready, willing and able to adapt? • #6. They depended on '80s or '90s sales strategies, tactics and skills to win. Attending a two- or three-day class and learning about selling skills that worked five or ten years ago just isn't going to do it for you today. Think about it: All your competitors have taken the same classes, from pretty much the same instructors. I see the same training programs listed on scores of resumes that come across my desk. Where's the competitive advantage for those reps? The big name training companies have done a terrific job over the years growing their own businesses, but many of them differentiate themselves through complexity of approach and related account planning tools. That's one of the reasons so few sales people use the very process they've been trained in. They are just too difficult and time consuming to use. I know. I get called in to pick up the pieces and get the sales teams back on track. And no matter what those training vendors represent, they can't possibly be flexible enough to keep you inform
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