38. 3 Minutes to Success
Sell Like You Only Have 3 Minutes
Many reps confuse social behaviors with sales behaviors. Prospects are not your friends. They are busy people that you probably interrupted by your call. They would appreciate your being businesslike – stating why you are calling, saying what you have to say, and then letting them get back to work.
Babbling senseless inanities like “the Red Sox are in trouble this year” or “I hear it’s hot in Phoenix in August” is not only a waste of time, it’s idiotic. I for one hate sports and can care less what the weather is like since I can’t do anything about it if I did find it unpleasant.
But wait, some might argue . . . I’m just trying to be “nice.” I say be “nice” on your own time. Before and after work. During work hours and especially when interrupting busy people, “nice” means something different. Not warm and fuzzy but fast and relevant.
Why do some people feel compelled to be nice? Perhaps it’s because they are “people” people and love to socialize. Perhaps they hate people and want to put up a front. Perhaps their idiot sales manager told them that getting people to like them is critical to success. I know many reps that are hugely successful and nobody ever accused them of being nice (many other things perhaps). They did however understand sales.
This fuzzy headed thinking carries over into all aspects of the sales process. Let’s look at opening statements when you are trying to get through to a decision maker and sell a presentation:
NICE: Hi, my name is Friendly Bob. Can I please talk to David Smith, unless he’s too busy, I wouldn’t want to interrupt him, and by the way I hear it’s cold in Alaska in the winter, is that true?, do you get a lot of polar bears?…
Prospect: We are pretty busy today, perhaps you can call back on September 15th 2056, that’s the day after I turn 65 and will retire. I am sure I’ll have time to chat for hours with you then.
Here is an example:
Peter Putz: Hi my name is Peter Putz with Acme Smelting and Web Design. We are having a special price on websites of only $499 instead of our usual $500…
Prospect: We aren’t interested, thanks anyway, CLICK (they hung up).
Nobody cares what your name is, what your product is, and what company you are with. They also could give a rat’s ass about a “special” price for something they don’t want. The approach above is typical of a telemarketing call center that hires low-level drones to read scripts all day. Or inside sales reps with no training who do what they guess sales reps are supposed to do.
Terry Toprep: I saw your website just now. I saw your competitors websites too. Yours is not keeping up with the changing times. Just look at Samson and Son’s, your major competitor down the street, their site is fantastic – great graphics, well-written copy, functional searching and quotation request forms. Yours just sits there.
Prospect: Yeah, I’ve seen their site but I doubt we could afford one like that. Who are you anyway?
The prospect recognizes and admits a problem. Even better he indicates an interest in a solution.
Step 2 – 20 Seconds
You earned perhaps another 20 seconds. You need to quickly tell a compelling story of what you are going to do for the prospect to fix a significant problem or give them a big gain.
Terry Toprep: I’m Terry Toprep an Internet marketing specialist with Top Designs in San Francisco. Your present site is OK if it was 3 years ago, but this is now and it is costing you money everyday until you do something about it. I imagine that hundreds of visitors take a quick look at your home page and then bail. Those visitors could have been your customers right now with their checks being deposited in your bank account. Instead they are writing checks to your competitors. I can fix this for your right now.
Prospect: If you can get me more customers then I guess I can spare a few minutes . . .
Note that when a prospect asks who you are they don’t really care, they just don’t know what else to say so they follow cultural programming. Give your name and company and jump ahead before they interrogate you or you launch into a canned pitch assuming (wrongly) they want to hear it. The first 30 seconds buys you a few more minutes that you need to sell the presentation.
Step 3 – 2 1/2 Minutes
Ask the critical qualifying questions, establish some credibility for you, your product, and your company, and hint at some great news you have for them during the presentation.
Close for a presentation right now or an appointment. You must push hard during the first 3 minutes to create value and urgency – so you become important. Anything that is more important than your appointment will cause it to be cancelled. If a prospect values your appointment less than an impromptu coffee with the guys at the office then when you call an admin will tell you he was suddenly required to attend a meeting.
Step 4 – Presentation and Close
The presentation requires that you resell the prospect on the time you need. Repeat the first 3 minutes. This sets the stage for the half hour or more that you need to properly learn about the prospect, his business, and his problems and then to offer whatever solutions you may have and ask fo a decision to go forward.