Phoenix Training

Posts Tagged ‘selling in a recession’

Un-Real Estate Agent

Posted by OliverO
Thursday, February 18th, 2010
Estate Agent Overload
Image by blech via Flickr

As Phoenix continue to grow steadily, having recently taken on another full time trainer, we decided that now would be a good time to review our existing office and training space and explore the possibility of moving into somewhere larger.

The recession has led to a surplus of office space in central London and we thought that there would be a good chance of securing a long term lease at a bargain price.  What’s more, we were sure that London’s lettings agents would be falling over themselves to convince us of the value of their properties and how they would be just ideal for a training company with our particular needs.  Sadly, our experience of the latter could not have been more different.

Now, I know estate agents are an easy target but I can assure you that this isn’t yet another dig at the profession as a whole.  It is however designed to expose the lack of basic sales skills that those we met displayed, and to reinforce how critical it is to have the core skills in place before you can even hope to sell in today’s tough markets.

On arriving at the first potential office, we were left hanging around for 15 minutes before the agent finally arrived.  We’re all late on occasions and there may well have been a good reason, but the very least we could have expected was a call to manage our expectations.  Every week, I’m amazed by sales people who think that it is acceptable to turn up ten, fifteen or even thirty minutes late without so much as a phone call.  It’s not, and in most cases you’ve lost the sale before you’ve even begun.

Nevertheless, we’re still keen buyers so, on this occasion, the agent’s transgression will be forgotten if he can really convince us of how this office space will work for us.  On first inspection, it all looks pretty good – modern, stylish and in a great location – but we just couldn’t visualise where the training room would go, mainly because the whole space was still a shell.  We turn to the expert for inspiration, but he’s actually walked away to the other side of the space to take a mobile phone call, and is merrily chatting away oblivious to us!  The moment is lost.  On finally regaining his attention, his answers lack conviction and we’re left totally unconvinced by the potential of the office.  On reflection, the phone incident, though scarcely believable, was hopefully a never to be repeated mistake; however, from a sales perspective, the lack of expertise was even more worrying and is actually very common indeed.  If you’re going to sell anything – property, software, pharmaceuticals, even training services – you must know all there is to know about your product or service and be able to relate this knowledge to your customer.

Despite our initial experience, we were still in the market for a new office, so headed off to view another couple of options with high hopes.  Both agents were on time which was a good start and both had properties with real potential and yet, once again, simple mistakes were made that resulted in the collapse of the sale.  At the first, we were left abandoned in the office whilst the agent enjoyed some banter with the builders over the road!  With no one to ask about the details, how could we be expected to commit?  Just like our mobile phone friend, they demonstrated an unbelievable lack of interest in us.

The next and final viewing was going well, until the agent admitted that the landlord was not interested in the property as a whole and that he doubted he’d be willing to modernize the 1970’s décor in the common areas.  Now honesty is a real virtue, but by creating a picture of uncertainty and possible conflict with the landlord, he immediately lost us.  Potential customers want assurances and certainty before they commit, not vagueness and ambiguity.

You may think that I’ve exaggerated things here, but I can assure you these experiences are very real indeed and I’m sure they are repeated in sales situations in many different markets.  One final thing that struck me with all three agents, was that not one of them even asked us what we actually did – maybe they already knew, but it is this lack of basic questioning and interest in our business that meant we were never going to commit.    Maybe we just got a bad bunch who have got lazy, simply used to taking orders rather than actually selling, but in the current climate a return to the basics would go a long way to winning more business.

We’ve now given up the search for a new office, instead looking for a larger space at our current Leathermarket site run by Workspace.  What’s more, we’ve recently run some training events for their site managers to make sure that they properly engage with the customers and create a fantastic picture of what the office will look like once they’ve moved in. After all, it’s this image that will create the real desire in the customer to move in.  Simple but effective.

Oliver Osmond – Sales Director, Phoenix Training

Enhanced by Zemanta
  • Share/Bookmark

Attitude & Approach – Bill Osmond

Posted by admin
Thursday, November 26th, 2009

Selling during a recession presents, without doubt, a serious challenge to most sales people.  The market is suppressed, money is tight, the media are talking everything down, customers and clients are cautious, all reflecting the reality of the situation.  Sales people cannot fail but to pick up on this negativity.  The problem for them is that still have to sell their products and services and as the pressure to sell grows, the pressure on the sales person’s technique starts to tell!

Sales managers spend a lot of time reminding their sales teams how far off the target they are, they tell them that they need to sell more!  Do they imagine that the salesperson is not one hundred per cent aware of the situation. Almost every sales person knows how far they are from their target. They are desperate to hit their targets, not only for the financial gain in terms of bonus and compensation but also for the recognition they receive both from colleagues and friends and even family.  Hitting targets is what it is all about, a sales person status depends on it.  A sales person’s motivation is more often than not success, it is not as simple as money, money is a bi-product, success leads inevitably to success because the sales person’s mind expects success.  During a recession a sales person’s mind tends to expect failure.

Approach and attitude are vital for a sales person’s success at the moment.  Sales people are often expected to be “self motivated” and when things are going well this is less of a problem.  Many of the conditions needed to maintain motivation are in place; success for one, recognition, praise, progress, engagement with clients are all of the aspects of the job that make it fun, interesting and challenging.  Challenging but not impossible.  During a recession sales are fewer and farther apart, targets are going up, the distance between success and where I am at the moment is growing.  The sales person thinks “I will never make this month’s target”.  So many of those positive conditions are replaced with negatives.

This is where the managers have to help the sales teams.  Helping them to focus on obtainable targets.  Targets such as “contact ten customers you haven’t spoken to ever/in the last two months etc”.  I have been telling sales managers to change the focus; “tell your team not to sell anything this morning”, this seemingly strange piece of advice has a purpose.  By getting your team not to sell but to find out something new about their clients, it will focus them on questioning and investigative techniques that will inevitably lead to a sale.  The point is that the focus is on strong technique and it changes the attitude and approach of the sales person.  If the sales manager puts pressure on the sales person to sell, it will change the focus to the closing aspect of the process.  In the modern environment, clients are too sophisticated to be swayed by hard selling.

Strong consultative selling will develop relationships and result in positive results.  Sales people will be encouraged by the results they see, the progress they make and this will maintain a positive, proactive approach which is precisely what is needed at the moment for many sales people.  Tightening up on structure and maintaining a positive approach will ultimately hit targets, panic and pressure will not.  This is difficult for sales managers – I know they themselves are under huge pressure to achieve results – but I think it is essential that they maintain focus on how they will achieve those results.  The argument between quality and quantity rages during times like this but putting pressure on making more calls will lead to a drop in quality.  Sales managers must maintain the balance between the two.  They must work hard to maintain the attitude and approach of the sales team, this is the vital factor whilst selling in a recession.

[Image from Wikipedia on licences: Attribution-ShareAlike 3.0 and GNU Free Documentation License ]

Reblog this post [with Zemanta]
  • Share/Bookmark

5 Top Tips for selling in a recession

Posted by BillOsmond
Tuesday, June 30th, 2009
CORAL GABLES, FL - NOVEMBER 21:  A sale hand i...
Image by Getty Images via Daylife

When selling always make sure that you:

1. Introduce yourself properly. It may sound simple, but too many sales people do not create the right impact when meeting or speaking to a potential customer for the first time. “Bill from Phoenix” does not sound as good as “Bill Osmond, from Phoenix Training and Development.” Most of us are so used to our name and our company we tend to rush when introducing ourselves and this can lead to confusion. Don’t abbreviate your introduction. Potential buyers are very good at deciding whether they are likely to buy from the first words you say.

2. Don’t sell too soon! It seems strange to give the advice of “don’t sell.” However, selling too soon can lead to a huge amount of objections. The sales person that presents their product or service too soon runs the risk of providing too much irrelevant information and alienating the buyer.

3. Question the client thoroughly. By using questioning skills, the sales person can develop a full understanding of the clients’ needs. Rather than wasting time gathering information about the client, spend time uncovering and understanding their needs. Needs give a sales person something to sell against. If you are to have any chance of selling, then the client has to recognise their need for your product or service.

4. Listen. Many sales people only listen to what they want to hear, or worse, ignore client responses completely as they spend time focusing on the next question. By actually listening and effectively responding to clients, a sales person can understand client needs.

5. Maintain relevance. Focus on the answer and ask appropriate questions whenever you can. This ensures that the conversation grows organically and does not become a sales interrogation!

Reblog this post [with Zemanta]
  • Share/Bookmark