Most salespeople enjoy to be active – out in their territories, seeing people, figuring out problems, putting deals collectively. This activity orientation is among the essential characteristics of a sales personality. A day sitting behind a desk is their idea of purgatory.
Unfortunately, this activity preference is both a strength and weakness. Much of a salesperson’s ability to produce results finds its genesis in the energy generated by this activity orientation.
But it can be a major obstacle. Far too often, salespeople are guilty of going about their jobs directed by the credo of ” Ready, shoot… aim.” The luxury of this sort of out of focus activity is a casualty of the Information Age. In order to be effective, salespeople must be concentrated and thoughtful about everything they do. Activity without forethought and planning is a needless waste of time and energy.
And the most crucial part of the job to think about is the time they spend in front of their prospects and customers. Of all the different parts of their job, there’s nothing more crucial to think about… nothing more crucial to plan… than that.
For most salespeople, if they were to make a list of everything they do in the course of a day, and then considered each of the details on the list, they would likely find that almost everything they do can be done more inexpensive or better by someone else within their company. Someone else can demand appointments cheaper or better than the salesperson. Someone else can more easily check on back orders. Someone else can fill out a price quote, write a letter, or deliver a sample, cheaper or better than most salespeople. As a matter of fact, it is likely that the only thing a salesperson can do that no one else in the company can do cheaper or better is interact with the customers. It is the face-to-face interaction with customers that defines the value they typically bring to the company. If it were not for that, your company would have little use for salespeople.
So, the face-to-face interaction with the customer is the core value salespeople bring to the company. Yet, most studies indicate that the average outside salesperson only spends about 25 – 30 percent of his/her working week actually face-to-face with the customer.
In the light of that, doesn’t it make sense to spend some time planning and preparing to make that 25 – 30 percent of the week the highest quality you are able to possibly make it? Of course it does.
Planning Principles…
Mastery of this practice is built on several powerful principles. Here’s the first:
Good decisions require good information.
It’s the Information Age, remember. And that means that, if you’re going to be an effective professional salesperson, you must collect, store, and use good information. You can’t make effective plans if the information on which you build those plans is faulty or sketchy.
If you were attending build a home, for example, you’d would like to know about the nature of the ground on which the home was to be built. You’d need to have a good idea about what sort of weather conditions the home would be enduring, what the building codes were, what materials were available and what they cost, and what sort of skilled workmen were required. The list could go on and on. The point is that you wouldn’t be able to build a home very effectively if you didn’t have good information on which to base those plans.
The same principles apply to building a home as well as delivering effective sales performance. In both cases, good planning requires good information. It may be that your company provides you all the information you need. But, it’s more likely they don’t. If you’re going to work with good information, you must be the one who collects that information. That means that you must create systems to collect, store and use the information that will be most helpful to you. Since our world is constantly producing new information, the system you create isn’t something you do once and forget. Rather, it must be a dynamic system that is constantly processing, storing and using new information.
The Information-Collecting Process…
Creating and maintaining your system is a matter of following several specific steps. Here’s the process:
1. Create a list of the categories of information you’d like to have.
2. Working with one category at a time, brainstorm a list of all the pieces of information you’d like to have within that category.
3. Develop a system and some tools to help you collect that information.
4. Store it efficiently.
5. Use it regularly.
Step One. Start by listing the kinds of information you think will be most useful to you.
Think about your job and determine what kinds of information you’d like to have to help you deal effectively with your customers. Here’s a partial list that would fit most salespeople:
*Information about your customers and prospects.
*Information about your competitors.
*Information about the products, programs and services you sell.
You may have a number of other categories, but this is a basic list with which you can begin.
Step Two. Once you’ve categorized the kind of information you’d like, you can then think about what information would be ideal to have in each category.
Begin at the top and work down. Look at customers and prospects first. What, ideally, would you like to know about them? Some typical pieces of information would include information about the account’s total volume of the kind of products you sell, the dates of contracts that are coming up, the people from whom they are currently buying, and so on. All of that seems pretty basic. However, most salespeople have no systematic way of accumulating and storing that information. So, while you may sometimes ask a certain customer for parts of it, you probably aren’t asking every customer for all the information. And, you are probably not collecting it, storing it, and referring to it in a systematic, disciplined way.
Do you think your competitors know exactly how much potential each of their accounts has? Do you think they know other pieces of useful information, like, for example, how many pieces of production equipment each customer has, and the manufacturer and year of purchase of each? Probably not. If you collect good quantitative marketing information, you’ll be better equipped to make strategic sales decisions and create effective plans. For instance, you will recognise exactly who to talk to when the new piece of equipment from ABC manufacturer is finally introduced. And, you’ll know who’s really ripe for some new cost-saving product that’s coming, or the new program your company is putting together.
You may currently be doing a so-so job of collecting information. It’s like golf. Anyone can hit a golf ball. But few can do it well. Anyone can get some information. Few salespeople do it well.
Step Three. Develop a system and some tools.
The single most effective tool is an account profile form. It is an incredibly effective tool that generates and organizes some of the most powerful processes.
Account Profile Form
An account profile form is a form full of questions, or more precisely, spaces for the answers to questions. The questions are all about each of your accounts. The form is the document on which you store that useful information. It can exist in a few different forms – paper or electronic. If you are applying contact-management software on a laptop computer or PDA, then the account profile form can be a lot of screens for each account. If you’re not computerized, then it demands to be created on paper. Regardless of the media, the principles and processes are the same.
A well-designed, systematically executed account profile form can be one of your most powerful tools for acquiring a competitive edge. Here’s why. First, it provides you a way to accumulate quantitative information that will allow you to know your customers more thoroughly than your competition. All those pieces of information that you said were potentially important to you can be collected and stored in the blanks on the account profile form. Create a one-page form with blanks in it for each of the quantitative pieces of information you want.
In addition to the quantitative information about the business, you require another version of the form for each of the key individuals within those accounts. That’s called a personal profile, and it’s your mechanism to collect personal information about the key decision makers. You implement the same concept and principles to the task of collecting personal information about the key decision-makers within your accounts. You may finish up with one document for the company and 10 to 15 personal profiles for all the key people within that account.
Now, imagine getting ready for the next sales call on that customer and reviewing the things that he likes to talk about, refreshing your memory on the name of his spouse, and the names and schools of each of the kids. As you plan your presentation, you review the primary buying motivation for each of those key people. Do you think you will be better equipped to have an pleasurable, relationship-building conversation with that customer than your competitor will? Course you will. Do you think you will increase your likelihood of delivering a powerful and persuasive presentation? Of course you will.
Finally, the form allows you to store important information somewhere other than in your head. The problem with keeping information just in your head is that it Is not always readily accessible. When you prefer to have a relaxed conversation with one of your customers about his interests, you can’t always commemorate that he golfs and was a starting halfback on his college football team. However, if you have that information stored on a form, you can review it just before you go in to see your customer, and put it topmost in your mind.
To some degree, every good salesperson applies these concepts. The difference between the run-of-the-mill salesperson and the exceptional salesperson is the degree to which the committed salesperson disciplines himself to stick to a systematic approach. Most salespeople do it as they think of it, but don’t keep the information systematically. Masters of the planning understand the need to discipline themselves, and thus do a more thorough job of collecting information.
Step Four. Store it efficiently.
You may have done a extraordinary job of collecting information, but if you have stored it on old matchbook covers, coffee-stained post-its, and the backs of old business cards somewhere in the backseat of your car, it’s probably not going to do you much good.
If you’re computerized, then your computer can be the super tool that allows you to efficiently store the information. If not, you’re attending need to make a set of files (yes, manila folders!) in which to store your information. More on this later.
Step Five. Use it regularly.
Before every sales call, review the information you have stored. That review will help you make good decisions about each aspect of the sales call. Likewise, review the information as you create your annual goals and sales plans, when you create account strategies, and when you organize and plan your territories.
As you can tell, an account profile form is a master tool that holds all of this together.