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For Sales Pros:
“You Can Always Sell More…If You Have
Strong Competitive Awareness”
Listen
How high is your competitive
awareness? On a scale of one to 10…with 10 being strongest…pick a number you
feel most represents your current level of competitive awareness. Most
experienced sales professionals identify their competitive awareness level
as around a seven to nine…what’s your number?
Having a comprehensive understanding of
your competition and how they sell against you is a critical foundation to
successful strategic selling. How can you effectively communicate your
competitive uniqueness and added value if you have no idea what your
competition is already saying when your prospect asks them…and you…
"Why,
based on all the competitive alternatives available to me, do I want to buy from
you?”
Product
Knowledge Competitive Awareness
There are three levels of competitive
awareness necessary for success in selling. The first level is product
knowledge competitive awareness.
A strong level of product knowledge
competitive awareness means you can explain in detail how and why your
products or services outperform your competitors. About 90% of experienced
sales professionals have a strong level of product knowledge competitive
awareness.
Pricing
Knowledge Competitive Awareness
The second level centers on your awareness
of your competitor’s pricing and discounting strategies. Strong
pricing knowledge competitive awareness means you can accurately
identify what a prospect is likely paying for their competitive products
once you identify current usage levels. Competitive pricing awareness also
means you can accurately predict how much discounting any of your
competitors are likely to do at the end of the selling process to try and
close the business.
About 70% of all experienced sales pros
have strong pricing competitive awareness.
Message
Knowledge Competitive Awareness
Most sales pro’s have effective product
and pricing competitive awareness levels. It’s the third and final level of
competitive awareness….message competitive awareness….that
causes the most challenges for the majority of selling professionals.
How strong is your message
competitive awareness?
Even the most experienced selling
professionals don’t seem to understand what their competitors are really
saying when selling against you. Most sales professionals have a strong
awareness of their competitor’s products…and they can accurately predict
their competitor’s pricing and discounting strategies. They just don’t know
what their competitors are actually saying.
Suggestions to increase your competitive awareness
Do you want to help increase your team’s
competitive awareness?
The first suggestion to help increase your
team’s competitive awareness is to discuss these competitive awareness ideas
with your entire sales team. Evaluate how high your product, pricing and
message competitive awareness levels really are and then decide this is a
selling area that, when improved, can increase your team’s selling success
and needs to become an integral part of all future sales meetings.
Next increase your competitive information
collection efforts. Information is power, the more information you and your
team have the more power and competitive advantage you gain.
Most sales organizations are already
experts identifying and collecting competitive product information. Most are
also skilled at capturing and understanding the pricing actions and
strategies of their competitors…it’s the competitive messaging issues that
are the most challenging for a sales team to understand.
Where can you go to learn more about what
your competition might be saying when they sell against you? Check out their
brochures, web sites, trade show booths and articles written about them.
This is the best place to start but usually generates little usable
information.
The single best source for this
information is to ask newly acquired customers. Asking clients who have
decided to buy from your competition instead of you is also a great source.
Even though you lost the sale you hopefully have established enough effort
and credibility that your prospect might share some information when asked.
Being professional (and persuasive), you
want to make sure to only ask positive questions about your competitors.
This is not the time…or place…to go on a “search and destroy” mission to
learn all the negative dirt. We want to learn as much as possible about what
your competitors are doing right, how they sell their message of uniqueness
and what makes them most attractive to your buyers. You need to ask
questions such as “What did you like most about the company you selected?”
“What do you wish we were doing more of that impressed you with what they
do?” or “What could we have done that could have helped make us even more
competitive in your final selection?”
You can only communicate an effective
message of uniqueness when you first know what everyone else is saying. With
this competitive information you can now, with confidence, know that you’re
actually saying something that is both unique and of value to your
prospects.
We know you’re good….now…are you good
enough to invest the time and effort to increase all aspects of your
competitive awareness?
For Sales Managers:
"You Can
Always Sell More…By Asking Stronger Interviewing Questions”
Listen
All
sales managers eventually wind up needing to invest time and effort
interviewing, hiring and training new members of their sales team. How
effective are your interviewing skills and efforts?
The
majority of sales managers don’t interview and hire new salespeople on a
regular basis so their interviewing skills tend to be weak or
“underdeveloped.” How strong are your interviewing skills?
Most
sales managers keep making the same four interviewing mistakes every time
they interview new sales candidates. What can you do to avoid making these
mistakes?
Sales
Management Interviewing Mistake #1 - You do the majority of talking
How much
time do you spend talking vs. listening when you’re interviewing potential
salespeople? As dumb as it sounds….the majority of sales managers tend to do
most of the talking!
Most
sales managers have never been formally trained on effective interviewing
skills so they tend to “wing it” when conducting interviews. Most spend so
much time “selling” the candidate on the benefits of working there that they
have no time left to hear from the candidate.
What can
you do to insure you do more listening than talking the next time you
interview someone?
Sales
Management Interviewing Mistake #2 - You are the only one interviewing
potential sales candidates.
Being
the only one to interview potential sales candidates is the second major
interviewing mistake made by sales managers. The goal of your interviewing
process is to learn as much as possible about potential candidates as well
as assess how they’ll integrate and work within your selling culture.
The best
way to fully assess a candidate’s strengths as well as their weaknesses is
to conduct an extensive interviewing process that exposes the candidate
finalists to a variety of issues and challenges. The easiest way to gain
this insight is to make sure multiple people from your company (or team)
individually interview each potential candidate before making your final
selection.
You also
want to be sure and vary the tone and focus of each interview. Look at the
insights you’ll gain if a candidate has to demonstrate their persuasiveness
and ability to handle pressure interviews that are rushed, hassled or
outright challenging. Selling is not an easy job and any sales person hired
will face challenging and stressful sales calls working for you and your
company. Why not find out how they’ll likely handle these stressful
situations before you make them a job offer?
Sales
Management Interviewing Mistake #3 - You don’t check resumes and backgrounds
before making a job offer.
The
third interviewing mistake made by managers is to not check resumes and
backgrounds before making a job offer.
We’re in
a tough job market where candidates are fighting for the opportunity to
interview….and be hired by solid companies such as yours. Today’s
hyper-competitive and aggressive market has caused a lot of otherwise honest
candidates to exaggerate…or to outright lie about their education, military
experience or prior job timeframes and responsibilities. Various studies
have identified as many as three out of every four business resumes include
some kind of fabricated listing or false achievement.
Lying on
resumes has become so prevalent that a number of corporations as standard
policy double-check all major claims made on candidate’s resumes and conduct
a police background check before any candidate is called back for a final
interview.
What do
you and your company need to do to insure you’re hiring an honest member of
your team?
Sales
Management Interviewing Mistake #4 - You don’t ask challenging enough
questions during your interviews.
The
fourth interviewing mistake made by managers is to not ask challenging
enough questions during your interviews.
Selling
is a tough job. How will you learn if a sales candidate can handle the
challenges of selling if you don’t push them during their interviews by
asking the tougher questions?
What
kinds of questions do you ask during an interview? Do you have any of your
questions organized and thought out in advance?
Try
asking some of the 20 questions from the 20 question sales evaluation on
www.GreatSalesSkills.com. A way to word these questions is to say…”Give
me an example of how you have demonstrated success with…”
Understanding The Technical Side Of Your Business
#1 -
Your technical knowledge of your products/services and how they relate to
your industry is…?
#2 -
Knowledge of your competitor's products and their customer success stories
are..?
Understanding the Fundamentals Of Selling
#3 -
Your knowledge and daily usage of the steps of a sales call is…?
#4 -
Your understanding of personalities and ability to identify, and then mirror
your customer’s communications style is…?
Understanding How to Manage Your Time and Information
#5 -
Your personal “time and territory” organizational skills are…?
#6 -
Ability to utilize technology to increase your productivity and
effectiveness is…?
Maintaining and Growing Your Business
#7 -
Your ability to proactively manage, control, and resolve customer’s
problems…?
#8 -
Your ability to keep your existing accounts stable and under control is…?
#9 -
Your ongoing new business prospecting
process is...?
Managing Your Selling Process
#10 -
Your ability to think and plan multiple moves ahead with each of your
customers and prospects are…?
#11 - Your knowledge/understanding of competitor’s pricing practices are…?
#12 -
Your ability to utilize company support resources in your territory is…?
Maintaining and Controlling Your Customer
#13 -
Your ability to communicate what your customers want to buy instead of just
what you have to sell is…?
#14 -
Your understanding of the political environment and decision process of each
of your accounts are…?
Ability
to Manage the Strategic Aspects of Your Selling Process
#15 -
Your ability to communicate your competitive uniqueness and value is…?
#16 -
Your knowledge of your competitor’s strongest "value points" they use to
sell against you is…?
#17 -
Your ability to win business at a higher price/margin by communicating your
stronger
value is…?
Your
Philosophy Toward Ongoing Personal Development and Improvement
#18 -
Ability to represent yourself in a professional, truthful and ethical manner
is…?
#19 -
Your ongoing commitment and efforts to grow and improve your selling skills
and awareness is…?
#20 -
Your ongoing use of one or more coaches or mentors to help you get better
is…?
By
asking the tougher questions during a sales interview you’ll increase your
success attracting the best, and most qualified candidates…and you’ll reduce
the number of surprises hitting you once they are in their territory.
We know
you’re good….now…are you good enough to invest the extra time and effort to
increase the strength of your sales interviewing process?
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