Posts Tagged ‘relationships’

Building Rapport – do you let it happen or make it happen?

Friday, June 12th, 2009

When we ask salespeople to list their strengths most include – rapport and relationship building, getting on with people and listening.  When we then ask the customers to list what they dislike about salespeople they usually include – they are over-familiar, they don’t listen, they are complacent, they only call us when THEY want something.

This is interesting because when you then analyse what sales people count on to win they will tell you product, price, brand and relationships.  But – we have all had the best solution at the lowest price but lost the deal – we were outsold because we built relationships poorly and/or with the wrong people – contrary to what we initially thought.

When it comes to building relationships and rapport – are you really as good as you think you are?   Ask your self:-

  • Do I actually listen when I am on a sales call?
  • Do I prove  / show I am listening?
  • Do I display empathy?Power of Endorsements
  • Do I get on the same wavelength as the customer?
  • Do I show interest in them, their company, their situation?
  • Do I talk “with” the customer or “at” the customer?
  • Do I communicate in a way that the customer likes and is at ease with – too many statistics – not enough statistics, to quick fire – too slow, not detailed enough -  too pedantic, too formal – too informal?

Building good rapport is not just about being friendly, buying lunch, playing golf, asking about the family.  Its about communicating effectively and in style the customer prefers.  Building rapport is about proactively making it happen not reactively letting it happen.

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So, your prospect wants a “partnership”?

Monday, June 1st, 2009

WHAT IS A PARTNERSHIP?

  • A venture created by contract, a co-operative relationship…….
  • People or groups who agree to share responsibility for achieving some specific goal…..
  • A contract / agreement  between two or more persons who agree to pool talent and money and share profits or losses…….

WHAT THE CUSTOMER REALLY MEANS!
Many customers claim to want a partnership with their key suppliers but this is often no more than “customer speak” for better pricing.

Never be concerned about challenging a customer, reseller, dealer, channel partner about what they mean by a partnership.

In any partnership there are 4 elements all of which should be shared by both parties.

REWARD
The customer gets lots of attention, dedicated support, favourable pricing, they commit to work only with you or certainly with fewer suppliers.  The vendor gets a fair profit on sales, has a closer relationship with, and access to, the customer which lowers the cost of sale.  The customer probably purchases in bulk and so admin costs are lowered too.

RISK
Of course you are asking the customer to become more dependent upon you, they may consider it a risk to commit to using less suppliers.  You may not always have what they want, when they want it.  You will be putting in a lot of effort for a single customer, this will reduce your ability and options of finding new customers, suppose you put in a lot of effort and they don’t purchase?

ACCOUNTABILITY
Things will go wrong – that’s life!  When they do you do not expect the customer to be on the telephone screaming, you will not be going into hiding or passing the buck, blaming others.  You and the customer will be sitting around the table discussing options and working together on solutions.

PHILOSOPHY (GUIDING BELIEFS)
Of course if the customer just wants a big discount, if they think these are not the components in a partnership then its never going to work.

Develop a “what we mean by a partnership” presentation that you are comfortable with and means something to you, your prospects, your markets.  You need to own the presentation, you need to deliver it so that the other party sees you really mean and believe it

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No. 10 – IS YOUR RELATIONSHIP WITH YOUR PROSPECT TOO GOOD?

Monday, March 23rd, 2009

The danger in “relationship selling” is that sometimes YOU do too good a job. If you have some deals stalling at the moment look out for this – you build such a good relationship with the prospect or client that they don’t “have the heart” to tell you they are not going ahead. The sale just seems to drag on, with them putting up seemingly good reasons to stall, and you ending up in “continuation” mode. If you are feeling this is the case then politely tell them (don’t ask them) that YOU are withdrawing your proposal as the time does not seem right for them to make a decision. A real prospect will say “hold on not so fast” and give you the real situation. A real prospect but where the timing genuinely is wrong will say “phew! would you, thanks I appreciate that” BUT they DO come back to you. The people you don’t ask at all but you end up pestering – they are the ones where that good relationship eventually falters, even if they were going to buy they often don’t. Never be afraid to offer to walk away!

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