One of the main reasons I started this new Blog was because I saw how much things had changed. It’s not the sellers haven’t changed (and that was the part of the problem I’ve always focussed on). It is the buyers who have changed over the last year. Have you seen a change in your customers behaviour? Nevermind finding new business, are your current clients spending less? Has their decision making process got longer? Order values smaller? This is because, for a number of reasons, we have all been stoked full of fear. That’s a powerful influence when money is changing hands.
I have started this new site to get my thoughts beyond my own company and my private training clients. This is too important not to say to a wider audience.
Traditional sales models were slowly but surely giving a smaller return than they used to. As buyers became more savvy, and the science of buying was promoted (as the science of selling had been first), I found my sales conversion slowly dropping. Nothing dramatic, but that meant each year I had to fit in more and more cold calls to keep hitting targets. That had to change.
But now that we are in a new economy run by a mix of new understanding and outright fear, sales people need to run to catch up or they are in for one hell of a fall. Do you think the recession is over? Anyone out there selling to Greece at the moment?
There is a book called ‘The Great Depression Ahead’ by Harry Dent. He is predicting a larger crash to come (starting this autumn). He may or may not be right, but he’s had a good hit rate with his predictions so far. Scary stuff.
But I’m not trying to scare you. You know your market and your current sales figures better than me. The reason I’m writing this is that I’ve proven that there is a way through all this. But it’s not by doing the same old things you were two years ago. And it’s not by just doing more and more, just to tread water (that way lies a real heart attack in the current markets). We need to try new things. Understand our markets. Really understand our buyers. Make real connections with people. Close new business regularly.
But there is a bright side to all of this. A REALLY bright side. Most of your competitors don’t know what to do either. Most are just paralysed by the fear of making a wrong move. Whether you’re a salesperson who owns a ’patch’ or a business owner; whatever you do next, could put you light years ahead of your competitors. Your market may have shrunk, but here’s an opportunity to corner it. A 40% share of a £60m market is better than a 20% share of a £100m market. I have clients who are cleaning up in the current conditions. If you can win business that could have gone to your competitors, they’ll get desparate (or even go under!) and you’re set to watch your dominance grow.
What do you need to do?
We’ll get to specific techniques in the very near future. But first we need to look at mindset.
You need to be prepared to reposition yourself – almost reinvent yourself with confidence and authority (and specific techniques). You need to lose the fear to try something new (especially hard for those who have been selling for years and who have tasted success in the past) and you need to really work to implement a new method. The key to that is committing to change and then working to see results. Seeing is believing and everything flows from there.
The pay off:
Once you’ve made the changes, you will actually be doing less work for more money. You will spend time being creative and original when otherwise you would just have another day of mindless cold calling ahead. You will like selling more again (it was like being reborn for me). Whether a business owner or a salesperson, you will have more time and money on your hands. I know I’m not the first to make that claim – it sounds so cheesy these days. But I’m going to SHOW you how to do this and I’m not charging you a penny for this training. So bare with me, I’ll post some real useable material up soon (I’m just putting some finishing touches to some articles and videos now) you really have nothing to lose from revisiting this site and reading the ramblings of a fluffy sales renegade…..