Showing posts with label Sales Questions. Show all posts
Showing posts with label Sales Questions. Show all posts

September 17, 2009

Revolutionary Ideas: Ask Fewer Questions In Your First Meetings



Question With Care!
Salespeople have been told to talk less and listen more. In this way they can gain a better understanding of the needs of their customers and prospects. That means salespeople are arming themselves with more and better questions aimed at qualifying the prospect, understanding his needs, eliciting information regarding the buying process, the budget, etc.


However, like any technique that is overused it can become ineffective, even dangerous. This is particularly the case where salespeople have an unrealistic expectation as to the number or type of questions they can ask at early stages of the relationship with the prospect.


To Ask or Not To Ask, That Is The Question!
Just how many questions can you answer on an initial call, either by phone, or face to face? To this question most sales people say.


Just how many questions can you ask in a:
Most sales people typically answer:
first meeting
4-8.
telephone call
2-3



Are these numbers right? Well they seem fair, but perhaps talk of numbers misses the point. It is not just how many questions are asked, but what is asked, how it is asked, when it is asked, and most importantly why it is asked.


Why Buyers Are Weary of The Seller’s Questions.
One thing is certain buyers are increasingly weary of salesperson’s questions. That is a good place to start with a word of warning – when buyers hear questions they fear closing. So, salespeople must question carefully.


There is a reason why buyers sit back and let sales people do all the talking, that is because that way they feel more in control. When the salesperson stops talking, he generally starts asking questions that the buyer may not want to answer for any or all of the following reasons:
· Political, or other sensitivities (somebody’s nose will be out of joint, or I don’t want to look bad)
· Genuine information gaps (we don’t have that information)
· Issues of confidentiality (I don’t want our competitors finding out)
· Issues of trust (I don’t know you)
· Perceived relevance, or appropriateness (why are you asking that)
· Issues of competitive fairness (if I tell you I will have to tell all the others competing)
· Fear of being sold to (if I tell you, you will use that to sell to us)
· Don’t want to prejudice your response (we want to hear your suggestions, not just a regurgitation of our answers)


In particular buyers are weary of questions designed to: box them buyer in, to prequalify them, to uncover and accentuate pain, to hastily pin-point a solution, or create tension for change.


Buyers are right to be reticent in answering questions, after all information is power and by asking questions the salesperson is in effect looking to share the buyer’s power. Take for example, one sales methodology, employing what it describes as the ‘Progressive Questioning Control Technique’.


In the use of questions to control the buying process the salesperson must exercise great care. So question with care and ask questions that show that you care.


Timing is Everything.


Sales people must be careful about asking questions that are inappropriately; invasive, and undiplomatic, or direct. This is principally a factor of the timing. Just as in telling jokes, timing is essential to asking good questions. Even good questions asked in the wrong manner, or at the wrong time, can make a bad salesperson.


Why is this important? Well, inappropriate or simplistic questions highlight to the buyer a deficiency of knowledge, interest, empathy, or understanding on the part of the seller.


The questions depend on the stage you are at. Asking the wrong questions at the wrong time can present problems for both buyer and seller. With this in mind we here is a summary of some of the questions that are relevant at the different stages of the buying cycle (note we use the term buying cycle as opposed to sales cycle).


Stage
Contact
Meeting
Cycles
Orders
Repeat
Objective
Nurture
Explore
Engage
Business Case
Client Success
Questions
Should we be in contact?
Do they fit the profile?

What needs might they have?

What information do they find useful?

Should we meet?
Should we be talking?
Is this of interest?
What else might be of interest?
Should we engage (can we help)?
How to engage (help)?
Who else should we engage with?
What is the need? What is the ideal solution?
Who is the ideal supplier?
How and when will the decision be made?
Is there a budget allocated, etc?
What is the business case? Is it compelling?
What are the costs, benefits, risks and constraints?

How are we impacting on your business?
What are the metrics?

Will you recommend us to others?
Can we help you tell the story of your success?
How can we help you further?




Is there a Universal List of Questions? Well, no. just as there is no universal sales script, at least not an effective one. Anyhow it is less about the questions than the consultative process and that must be tailored to the client and his, or her specific situation.


The main point to be gleaned from this table is that there is no universal list of questions. The questions asked depends on the stage that you are at with the prospect. Thinking this way is very important. Let’s take an analogy.
Imagine asking how much a person earns on the first date? That is a question for the 5th, or 6th if even that. Not for the first time buyers are advising us as salespeople to slow down.


What is the objective of the questions?
Another word of caution, don’t spend precision time with the prospect gathering information (e.g. number of employees, product range, etc.) that can be gathered in other more efficient ways (such as the company’s web site).


Similarly, limit the time spent on form filling type questions, as opposed to build and demonstrate understanding, interest or empathy. That is the questions of a salesman, as opposed to a consultant, advisor, or expert.


Earning the Right to Ask Questions.
Remember the buyer owes you nothing, and that includes answers to your questions. The sales person has to earn the right to ask questions and build the trust that will enable buyers to answer freely and in detail. How to do this? Well, by focusing more on how you can help and in particular the information you can share, rather than the information that you want.


In other words the salesperson who shows up at a meeting with a standard product led sales pitch and a list of questions to determine needs and facilitate his, or her sales process prequalification will be seen by buyers as self serving and worthy of being left waiting in the hall. Clearly buyers have preference for dealing with the salesperson that has relevant insights, experiences and ideas to share.


At the early stage of the relationship, salespeople must place more emphasis on the information you give and less on the information you want.


Questions for Early Stage Meetings.
The greatest challenge salespeople seem to face is in respect of questions to be asked in early stage meetings. This stems from the fact that salespeople are trying to achieve too much in their initial customer encounter. They are aiming, somewhat unrealistically, for the one meeting qualification and even close.


However, the salesperson’s rush to elicit needs, propose a solution and prequalify the opportunity is not shared by the buyers. As we have said elsewhere salespeople are having to cut back on their expectations and slow down to the speed of the buyer.


The objective of the first meeting is to share some useful information with the buyer, that is an insight with respect to what his counterparts, or competitors are doing, the challenges they are facing and the results they are achieving. After all that is the most powerful way of communicating the benefits of your solution. Here is an example:


We have worked with a,b,c, to achieve x,y and z, and based on these projects we have… noticed an important trend… identified a range of key success factors… identified a number of factors that are often overlooked… employed a new way of… achieved some surprising results…


So, the questions you ask logically relate to that insight shared, to those challenges, benefits and trends discussed. For example:
• Do you think this (insight) is relevant? Have you seen this trend yourself?
• Who does it affect in your business? How does it affect them?
• Is this something that you would be interested in exploring a little more? What aspects of it in particular?
• How important do you think this could be? Do you think it could be a priority? For when?
• Other companies have faced challenges in implementing (budget, time, other priorities, etc.) do you think these would apply here?
•  Has this issue been examined before?  If 'yes', What was the outcome?   If 'no', is there a reason why this issue has not be address before?
• What would you like to do next? Is there anybody else that would be interested?


Getting Real About Prequalification.


Clearly, this is quite a leap from the traditional Budget, Authority, Need and Timing questions and prequalification that has traditionally been employed in a time of buoyant demand. We are not saying that these are no longer relevant, we are saying that by necessity they must be employed rigorously to real sales opportunities not to early stage conversations.


It is time to get real about prequalification. In a market with more supplier than buyers, it is the latter that is prequalifying the former and not the other way around. During the boom years salespeople had justification and indeed pressure not to waste time selling to those that did not have a budget. Today they don't have a choice. They have to sell to all those that could represent potential customers, regardless of whether they are ready to buy next quarter, or 3 quarters out.


Rather than being focused on prequalification – have they got a budget to spend? - the focus is on answering the question ‘Should we be talking?’ and ‘Is this of interest.’ Of course, when a potential sales opportunity emerges and the process of engagement begins then a very different set of questions are required.


July 07, 2009

‘Am I wasting my time with this account?’ Some techniques to help you find out.



The more time you have invested in a sales cycle the more determined you are to close the deal. The danger

however is that you can easily cross the point of no return, becoming blind to signals that perhaps the buyer is not really that keen, becoming increasingly reluctant to hear a ‘no’ answer and resistant to prequalifying the buyer in case the answer suggests you are wasting your time.

A ‘no’ is not a problem if it comes early, that is before the salesperson has had to invest too much time in meetings, follow-ups, proposals, etc. So it makes sense to make it easy for the customer to say no at any stage of the sales process.

That ‘no’ can take a number of forms, for example ‘no not quite’, ‘no not at all’, ‘no at this time’. It will either redirect your effort towards a yes, or point you in the direction of finding your next potential customer elsewhere. Either way – ‘yes’ or ‘now’ you will be better off with an answer.

Take away your solution.

So, here a good technique to use to ensure that you are selling to a buyer who is interested and able to buy, it is what is called ‘taking away the solution’. Here is how it works, you have been selling your solution to the customer and suddenly you realize that perhaps he, or she is not as ‘gun ho’ about what you are selling, as you thought. You want to put their commitment to the test so you say something like this:

‘You know I was thinking, and I am not sure if I am right, but…’’ and you continue with a sentence such as any of the following:

…there seems to be a lot happening your company at the moment perhaps there are more immediate priorities…

…maybe the problem is not as great, or as urgent as maybe I though…

…maybe this is not the right time for you to be making this decision…

…perhaps a different approach would suit your business…

Then you wrap up with a ‘…what do you think?’

Then you shut up. You have preempted a no by the customer, providing him with an easy out and even offering to open the door for him, or her on the way. The reaction will either be, ‘yes I think you are right’ and it is clear that it is time to move on, at least for now. Otherwise it may be ‘no we need your solution’, or some version of this.

Why getting an answer is important.

As buyers sometimes we don’t appreciate what we are getting until it is taken away. We can happily sit back and leave it to the salesperson to do all the running, taking their enthusiasm for granted. So being put on the spot by having our solution taken away can be effective in forcing us to make the call on what is important and what is not.

In an ideal sense buyers would tell you what they are really thinking, but as we all know that is not the case in reality. All too often buyers are reluctant to ‘burst your bubble’ and will likely let you continue chasing the bone until you finally give up and go away of your own accord.

Boxing clever like the above is also important in trying to uncover any unspoken concerns on the part of the buyer.

What reaction will presenting the legals have?

Another technique a former colleagues uses has the similar effect in terms of measuring the head of steam build up behind a sale. He presents the legals to his sponsor and waits to see what is said. The buyer will either say ‘I will pass them on to my colleague’, or will inform you that ‘it is too early for legals at this stage’. La voila you have an instant proxy for the likelihood and timing of a sale.

October 30, 2008

Protect the Customer's Ego!

You are 'beating around the bush' with that potential customer a
colleague said to me after a sales call recently. I asked him to
explain and he added 'you make a point or ask the customer a question
that cuts directly to the point, but then you dilute it by adding
something like 'what do you think', or 'do you think that might apply
here.'

I must admit I struggled to explain why. They I remembered two
golden rules of sales - 'protect the customers ego' and even more
basic: 'don't make the customer feel foolish'.

I like a good headline as much as the next person and bold type such
as '90% of managers fail to budget properly for IT projects '
certainly grabs attention, but isn't it really a disguised insult to
the customer.

If you are going to poke your nose into the customers business and
he/she opens up to tell about the business you have to be very
careful. Selling entails identifying problems and creating tension
for their resolution, but the pace at which that happens very
important.

You may quickly arrive at what you feel is the ideal solution for the
customer and may even struggle to hide your surprise at how obvious it
is, but slow down and make sure you bring the customer along at
his/her own pace to the same realizations.

So take your time to air all the clients problems, or short comings
and balance with recognition and praise for the companies successes
and achievements. Finally, don't making your suggestions in a way
that will make you look like a ''know it all''.