Jim Pancero's Sales Coaching Newsletter       Volume 2 Issue 6 June 2008
 
Happening This Month:

I'm excited to welcome our guest author this month, David Yoho. David has delivered thousands of speeches and seminars. He’s created and produced more than 250 customized audio and video educational programs on sales, negotiation, database marketing and management. He advises and coaches successful executives and managers nationwide. You can read David's article Here. Also coming soon on YouCanAlwaysSellMore.com, we're working on building a comprehensive "one stop library" of sales and sales management articles that you will be able to access by topic, all available for free. Be looking for the announcement of its completion soon.


FOR SALES PROS:

“You Can Always Sell More…By Utilizing Stronger Cold Calling Phone Openings”
by Jim Pancero


Listen

How are you opening up your phone calls, especially when cold calling? There’s a simple four step process you can utilize that will increase your success grabbing a prospect’s attention and positioning the reason for your call. 

I originally learned this simple, yet effective technique from Bill McGrane, my mentor who first taught me how to sell in the early 1970’s.  

To talk about how to effectively cold call we need to first identify how your cold calling efforts and scripts will be directly effected by your prospect’s prior experience with other salespeople. We have two competitors we have to worry about as salespeople. The first set of competitors are the traditional companies we regularly sell against. But the second set of competitors we have to be concerned about are all the high pressured and manipulative sales reps who, over the years, have biased our prospect in their expectations of dealing with salespeople, especially salespeople they don’t know who are trying to reach them. 

Prospecting or cold calling, is one of the toughest and hardest to maintain aspects of running a territory. How often do you cold call or prospect for new business? The best prospectors are ones who develop a system of “prospecting best practices” identifying new companies to contact and then utilizing a consistent, finely tuned set of selling scripts to generate interest and future selling opportunities. 

We also need to identify how tough it is to prospect for new business. Even with the best prospecting techniques and scripts, cold calling is still a high volume effort that tends to yield at best only a few new contacts. Prospecting is similar to gold mining, you have to haul a lot of rock out of the ground just to get an ounce of gold or silver. This high volume of work with low returns is the reason fine tuning your cold calling skills and scripts to maximize both your efficiency and effectiveness is so critical! Continue Article Online or Download...

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FOR SALES MANAGERS:

“You Can Always Sell More…By Spending More Time Riding With Your Sales Reps” by Jim Pancero


Listen

How strong are the selling skills of your team? How consistent and effective are they in front of a prospect or customer? And when was the last time you checked them out to see if they could actually improve any of their skills and effectiveness? 

The Problem In Believing That “Experienced = Trained” 

Do you believe that “experienced = trained?” The vast majority of sales managers actually believe that statement or they at least manage their sales team as if they believed in it’s accuracy. 

How do you train a newly hired sales rep? Most managers only train a newly hired sales rep on the technical product knowledge skills required in the job. They’ll also do extensive training on how to process and enter all of the administrative aspects of the job. 

When I ask sales managers “but what about actually training a newly hired sales professional on the “best practices” of selling?” Most answer with “well, since we only hire experienced sales reps we really don’t see the need to teach them how to sell. We assumed their experience in sales should have already provided them with those required skills.” 

And that’s alright with most sales reps anyway. The majority of experienced sales reps also tend to believe “experience = trained.”  

Whenever I get a chance to talk with an experienced sales pro I like to ask them a series of questions to better understand their experience level and to learn how strong and consistent their selling skills and structures really are. One of the first questions I’ll ask someone is ”So how much sales training have you had in the last twelve months?” 

How would you answer that question? The vast majority of otherwise experienced sales professionals when asked, don’t define their recent sales training efforts because for most they haven’t experienced any recent training. What they do answer back is ”Well I’ve been selling for 15 years!” “Experienced = trained!” Continue Article Online or Download...

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Listening is Overrated
             by David Yoho
 

Listening is overrated when there’s no tangible result for either party. Sure, listening can make people feel important, maybe even cause them to like you, but that doesn’t necessarily provide bottom-line results. Put simply and bluntly, listening without intent wastes their time and yours.  

During years of field observations, most or many of the sales reps I’ve observed fail to direct conversations with the right questions or even speak with the right people. As a result, they’re often listening to insignificant chatter, flawed information or untruths. 

Ironically, every sales book says you have to be a good listener to be successful. That’s not true unless your definition of “good” eliminates income as a measurement.  I’ve met hundreds of six-figure earners – executives, managers and entrepreneurs among them – who aren’t “good” listeners.  Some succeed anyway because of charisma, brand, position, timing or exceptional verbal skills, among other reasons. 

Yet, I don’t believe you can be a GREAT communicator without effective listening skills. And every sales rep, executive, manager or business owner can become more successful by improving their listening skills. Just as important, your service and value to others is enhanced when you improve your listening skills. The secret is to listen with the intention of understanding others’ needs, wants and values.  

The key to listening with intent is to prepare the right questions in advance of every contact – even if it’s your 50th contact with someone. This enables you to focus their answers on the facts, feelings, opinions, values and motives you need to serve them, yourself and your organization equally.

Prepared questions offer you the freedom to listen for unclear or conflicting responses, which require some sort of qualification. You can’t listen to what someone is saying if you’re thinking about what you’re going to say or do next. And worse, if you’re thinking instead of listening, it might appear as if you’re pretending to listen which could sabotage your entire effort (as it should). 

Here are three simple, proven recommendations: 

1.                  Document your questions beforehand and reveal your preparation subtly. They’ll see you’ve done homework and reciprocally, they’ll be more willing to give you their time attention. And it will build credibility, earning you more comprehensive answers.

2.                  Emphasize courtesy by asking permission to take notes. When speaking by phone, tell them you’re typing the answers or they may think you’re multi-tasking.

3.                  Qualify all terms, measurements and conditions. Don’t assume you know what they mean because you understand the definition of their words. And don’t pretend to understand. 

People don’t always mean what they say. They don’t always say what they mean. You won’t understand their intent unless you’re relaxed enough to listen for understanding. Many people listen just to calculate their next move; that’s self-serving. Intentional listening is healthier when you’re focused on the other person’s welfare. 

Listening doesn’t have to be overrated. The value is up to you.

© 2008 David Yoho, www.DavidYoho.com

Visit David's website at www.DavidYoho.com

 


In This Issue:


Jim Pancero's

As an experienced sales manager, how do you improve your team's performance? Which Selling skills developed to their fullest potential, have the greatest impact on revenues and profitability? This book will guide you through a proven step-by-step system for evaluating, training, and coaching your sales force. BUY YOUR COPY NOW!


"You Can Always Sell More...by Strengthening Your Strategic Selling Skills" - Audio Training Program

Buy Now! - Audio CD or MP3 Download. Six 10-minute training modules in one program. Includes a 22 page  workbook and full
audio script.


"You Can Always Sell More - Even In A Tougher Economy!" - Audio Training Program

Specifically developed for the experienced sales pro who is experiencing a more challenging selling environment, this advanced training program is meant to re-energize, refocus, retool and redirect your
sales team. Six 10-minute training modules. Includes a 31 page Workbook and full
audio script. Audio CD or MP3 Download! Buy Now!


Go to Our "Newsletter Archives" to Read or Listen to Past Articles that You May Have Missed!
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What Makes Jim's Training Programs Your Best Choice?

Our sales and sales management training is the most advanced approach being taught in corporate business today. Each program and working relationship is researched and specifically developed to focus on the unique issues facing your team. Our Goal: Increase your profitability by enhancing your team's selling skills and unique strategic competitive message. We offer each of our multiple-day clients, at no additional charge, exclusivity for twelve months following Jim's last program with your company. Jim will not work with your direct competitors for one full year so you and your team can successfully increase your competitive advantage.


Client Testimonial

"Out of all the strategic sales performance improvement sessions I have attended yours have been the most applicable thus far. Thanks for spending the time with us. It was well worth it!
Chad Bounous, V.P. Permanent Placement Div. -
CompHealth Associates, Inc.


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© 2008 Jim Pancero, Inc.
To request permission for article use or reprint contact:
editor@pancero.com

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