“She Left The Store–He Got Nothing!”

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I’m a bit crazy these days. I think this business is doing it to me. Why, you ask?

I have this philosophy–call it spiritual or call it practical–but the foundation of the philosophy is that the Universe guarantees the potential for our profound success—just for showing up.

Here’s the story.
I was at my pool retailer this weekend (having problems getting chemicals right–in the 100 degree weather). This retailer also built my pool so I know he has a high ticket sale on the front end ($50-100,000) with low ticket sales on the back end (chemicals).

I’m standing there waiting for my results to be analyzed and a lady walks in asking about pools. The owner (actually the owner’s son) is talking with her. Do you know what buying signals are? Those casual references to problems the prospect wants solved–the deep desire the prospect has to solve her problem? Well, this lady was pitching buying signals right and left at the owner.

He walked her through some of the features (seldom asking any questions about why she was interested or what she was hoping to accomplish with a pool). And the lady says, “This is VERY interesting. We’re going to do something this year. Let me think about it and come back in. OK?”

Being a sales trainer, I’m interested in the interaction–listening to this conversation. I can’t keep quiet. I say, “You know if you want a great pool contractor, this is the guy. He just put our pool in and it’s wonderful.”

She says, “Oh, great. That’s good to know.” And walked out.

I was aghast! A $70,000 sale that walked in the door and walked out and HE HAS NOTHING! Not a name. Not an address. Not a hint at where she is in the cycle. HE HAS NOTHING!

I came to my senses and kept my mouth shut…
As I walked out I thought how often that happens to each of us. Maybe not where a person wants to buy and we won’t let them. But think how often you come across someone–maybe you meet at a friend’s house–or at a civic lunch–and we get nothing from them. No business card. No phone number. Nothing.

And that person is quickly forgotten. Yet that person could be a suspect for what we do–or at the very least, they know others who are. Yet, we let opportunity slip away.

The Lesson
Be “list conscious.” Think like a direct mail company thinks. The list is the thing. That’s all the direct mailer has–a list. If it’s a good list, they get wealthy. If it’s not, they work on building the best list.

You have a list–and your list has the potential to grow everyday–with everyone you meet. So get a “list process” to make sure that everyone you meet gets on your email list, or your Friends & Associates list.

Capture data. It’s the thing that will make you an elite acheiver. While everyone else is sending blind direct mail and making cold calls, you’re harvesting those relationships that began with a brief introduction and ended with a happy client.

“Desperation” is Not a (Good) Strategy

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I  had a call yesterday from a client who was struggling to get first appointments. I asked him to role play what the phone conversation sounded like…and it was obvious what was happening.

Even though he was saying the right words (“Not sure I can help”, “I’d like to inqure to see if we can be of any value”) there was an *undertone* of desperation. The prospect has a sixth sense that picks up on that. So my coaching advice was simple: rather than work on the words you say–work on the thoughts you think.

He was relieved when we finished the call. His new attitude was one of “discernment and skepticism.” He said he was going to enter each phone call with a discerning attitude–being a little stodgy with his time, not chasing people to see him, and acting from a place of curiosity–rather than certainty.

Attitude changes your words and the tone with which you say the words. And that’s what leads to more appointments.

If You Must Make A Cold Call…

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As a trainer I get these questions all the time: How do I make a cold call? Should I be making cold calls in the first place? Do cold calls work?

I must be honest–I hate ’em. But if you must make cold calls here are some tips I gave to a client last week as he posed the questions above.

[Head Right]. My fave author, Stuart Wilde, says, “expect nothing. Then you’ll never be disappointed.” Cold calls are no exception. Occasionally, I’ll be driving by a new business and I’ll pick up the phone to talk to the CEO, just to keep my skills sharp. My odds grow with my detachment. I have absolutely no expectation of him picking up the phone or inviting me in. When I’m detached I come across differently–and more inviting. Strange paradox isn’t it? Like a friend says, “the best time to get new business is when you don’t need it.”

[Techinque Right].  Be vulnerable. Don’t be so buttoned up. Tell the truth. It’ll set you free. Say, “John, this is a long shot (it is). I saw your name on a list (if you did) and wondered if I should even call you (you probably had this thought). I have no idea if what I do would have any value to you (you don’t at this point so why assume?). Rather than assume it did or didn’t, I thought I’d call you, tell you the kinds of problems we solve and then you tell me if we should talk (pretty vulnerable, isn’t it?).”

[Intent Right]. Your intent on these is to do one thing and one thing only–determine if it makes any sense to talk further. That’s it. It is not to impress him or get him to ask you over. Keep your itent true and you’ll be more attractive if you must make these calls.

If you’re a sales manager overseeing a team making cold calls–and their performance is awful–then check out their intent. If it’s about “getting appointments” or “pleasing the manager” it won’t work.

Better than cold calls…

Even better for your new business development is a good ‘referral program.’ Begin thinking leverage–how do I use my current clients and associates as a sales force? How can I help them refer me to other prospects or other referral partners? Asking those questions–and coming up with answers–will make cold calling irrelevant. But if you must…there you have it….

Thinking About Referrals

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Why do we make business so damn hard? It doesn’t have to be. Take the idea of referrals. Every company I know is struggling with “new business development.” People whine: “there’s never enough in the funnel; there’s never enough of the right business in the funnel…” On and on it droans.

If you have just one customer, then you have a referral base. But don’t do it the way Willy Loman would have done it–pleading for referrals. Do it the 21st Century Way–create a referral system.

John Jantsch (author of Referral Flood), has great stories. Check out his work. His course is about $100–well worth it.

I especially like his idea of creating strategic alliances so that you can get access to others’ database. But you have to give something of great value for their contacts! And it must be well thought out.

Comment on some ideas to help small businesses grow their customer base via referral. I’d love to hear how you generate referrals–the right way.