Go for the Green $$ - Dont Miss the Recovery

Denver-Based Sales Leadership Development Available Nationwide

Posted: May 19, 2009

The pundits and economists are predicting we are near the bottom of one of the deepest recessions since the depression. One good thing about the bottom is that there is only one other direction: up. How well positioned are you and your sales team for taking advantage of the recovery? Some economists are predicting that it could take four to five years before we are ‘back to where we were.’ What does that mean to sales managers and sales teams? It means upgrading the sales team, getting creative and taking exceptional care of customers.

#1: Check Your Sales Bus:

The much quoted phrase from Jim Collins, author of ‘Good to Great,’ still holds true. “Get the right people on the bus in the right seats.” Getting the right salespeople on the team means looking at two emotional intelligence skills necessary for success in tough, competitive environments.

Flexibility is defined as the ability to adapt to unfamiliar, unpredictable and dynamic circumstances. (Does any of this sound like the last nine months?)

The internet, global economy and Sales 2.0 have created buying environments that are fast-paced and ever changing. Alvin Toffler says it best: “The illiterate of the future are not those who can’t read or write but those who cannot learn, unlearn and relearn.” How adaptable is your sales team? How good is your sales manager at spotting new trends in the industry and quickly adapting strategy and tactics? The salesperson of the future must be flexible and have the ability to change course.

Impulse Control is defined as the ability to delay an impulse, drive or temptation to act.

Salespeople scoring low in this area often exhibit high levels of frustration. This is a problem in business environments where buyers have been burned, are cautious, and taking longer to make decisions. The easily frustrated salesperson may not invest the appropriate time in building relationships and trust. Low impulse control shows up in prospecting as well. If there is no immediate pay-off, the easily frustrated salesperson quits doing the activity and blames lack of results on the marketing department.

#2: Innovate and Renovate:

Sales teams poised to capture the recovery are done mourning the good ‘ole days. They are creating the new days by figuring out creative ways to close business. The Denver Post recently ran an article on a group of innovative realtors. These realtors changed up the old concept of an open house. One realtor partnered with an art gallery to create a gallery in one of his listings. Another held a charity event at one of her listings. Still another threw a tailgate party at one of his properties. They all used innovative ways to drive traffic to their listing.

Take time to study other industries. Brick and mortar companies can learn a lot from the e-commerce stores in the way of innovation. Zappo’s, an online shoe store, is a brilliant example of innovation. They advertise where they have a ‘captured’ audience: the security line at the airport. There is a Zappo’s advertisement at the bottom of the gray tub where you deposit shoes that are killing your feet after a long day of business. Then you go to the website and find that they address the two biggest e-commerce objections by stating: Free shipping both ways and returns 365 days a year.

Where is a new place that you could place your marketing message? What is the unspoken objection in your business and how are you eliminating it? It’s time to innovate and renovate.

#3: Send a love note to your clients: (okay, a thank you or appreciation note)

There is a great article in the May issue of Selling Power where they interview the CEO of the New Jersey Nets, Brett Yormack. He has taken an under performing franchise and turned it into one of the few that have sold 2,000 full season sponsorships three years in a row. Innovation is one of the reasons as well as exceptional care of the client. On Fan Appreciation Night, the New Jersey turnpike tolls at the stadium exit were paid for by the team for one hour. A nice way of saying thanks to the fans.

I recently experienced the extra mile with a store, The Pine Creek Clothing Company. I made a small purchase, a sweater, which was placed in a lovely canvas bag. The friendly clerk then handed me a water bottle noticing it was a hot day outside. One week later a handwritten note (yes, handwritten) arrived thanking me for my business. I have spent thousands of dollars on vehicles, sound equipment and other stuff with no note acknowledging the exchange of cash. Guess who is getting my repeat business?

Go green and capture the recovery with top salespeople, innovation and client care.

Good Selling,

Colleen Stanley
Chief Selling Officer