From The Patterson Foundation's BlockbyBlock 2012 indie online news summit. Eleanor Cippel runs sales at EW Scripps. Here Cippel shares how to close the deal. To see a video and read more visit www.blockbyblock.us .
1. Cold Calls
Proposals Needs
Analysis
Report Prospect
Campaign Referral
Iteration s
Retain
Sales and Business
Development
2. Sales and Business Development
Structuring Sales Activity
Effective Sales Process
Retain the Business
Overall Tactics for Success
3. The Secret Sauce for Sales
Success is…
Consistent
Deliberate
Urgent
Focused
Persistent
Sales Activity
4. What are the activities that make
up an ideal sales day?
5. Critical Sales Activities
New Business Current Client Calls Contact Management
Development
Reporting/Follow-up Procuring
In-person/Telephone
Prospecting
Testimonials Top
Campaign Iteration
Pre-call Planning Creative Redesign,
Presentation
Development
sellers
Needs Analysis
Swaps and
Promotional Creative Business/Industry
make
Meetings Strategy Trends every
Idea Generation &
Strategizing
Presentations to Grow Networking
Revenue minute
Presentations to Referrals of every
Prospects
Account Management day
Account Development
count.
6. What is the schedule that makes
up an ideal sales day?
7. Sales Activity Everyday
Monday Tuesday Wednesday Thursday Friday
8:00 8:00 8:00 8:00 8:00
In office In office In office In office In office
8-8:15 8-8:15 8-8:15 8-8:15 8-8:15
Sales training Sales training Sales training Sales training Sales training
8:15-9:30 8:15-9:30 8:15-9:30 8:15-9:30 8:15-9:30Email,
Email Email Email Email VM, CRM
Voice mail Voice mail Voice mail Voice mail 9:30-3:30
CRM input CRM input CRM input CRM input Field Calls
9:30-4:30 9:30-11:00 9:30-4:30 9:30-3:30 - 3 sales calls
Field Calls Power Hour Field Calls Field Calls - 2 current client calls
- 10 cold calls
- 3 sales calls - 3 sales calls - 3 sales calls
11:00-4:30
- 2 current client calls - 2 current client calls - 2 current client calls 3:30-5:00
Field Calls
- 10 cold calls
- 3 sales calls
- 10 cold calls - 10 cold calls Sales Meeting
- 2 current client calls 3:30-5:00 - Cover the numbers
Power Hour - Monthly projections
- 10 cold calls
- Celebrate weekly wins
-Address any issues
10,3,2 = 10 Cold Calls, 3 Sales Calls , 2 Current Client Calls
8. Simple Sales Activity Summary
180 Dials a week - Selling the appointment
10 cold call door knocks. Used to gather info, build your database
makes the phone calls warm.
3 Sales calls per day (15 per week) In pursuit of business, needs
analysis and proposal appointments
2Current client calls a day (10 per week) quick follow up to report,
iterate, check in on results and measure/manage expectations
3 Referrals per month
3 Testimonials per month
9. Work the Activity Numbers
15 sales calls per week (3 a day) x
20% close (minimum) =
3 contracts x
4 weeks =
12 contracts x
Average or minimum contract amount =
High Growth and BIG Money
10. The Numbers
15 sales calls w/ 20% close rate
3 deals a week = 12 deals per month
An average sale of $250 per month annualized = $3000 per year
12 deals per month at $3000 per year = $36,000 in gross
contract value
12 months of consistent sales activity = $36,000 x 12 = $432,000
in gross contract sales
What does this really mean?
Year 2 = monthly $36,000 per month in actual revenue!
11. Reverse Engineer Commission
Earnings With Your Reps
Help them see the path to earning $
Ask them to determine their personal earnings goal
for the next 12 months
Reverse engineer the number back based on
commission paid each month to determine what
they have to sell to get there
Have them design their 100 day plan to take action
and get there
12. Consistent Sales Activities
Set the expectation with sellers for full throttle sales activity
Provide the structure and measurement for success from
the start
You set the structure for:
Power Hour
Cold calls
Sales calls
Client calls
Admin work
Training and Team time
Manage the numbers, Mange the numbers, Manage the
numbers!
15. Types of Sellers
Product or Feature Seller ~ All about me and
my product
Price Seller ~ Leads with cost, highlights the
deal.
Relationship Seller - ~ Relies on personality,
charm and shared interests.
Consultative Seller – The Trusted Advisor- ~
Determines need, matches solution and
provides advertising advice and expertise.
3
17. Competitive Media
Landscape in Your Market
Newspapers
Magazine Mobile
Yellow pages Social
Direct mail Relationship management
Internet solutions Email marketing
SEM, SEO Lead generation
Business owners are constantly being called on by sales
reps. Why would they choose you?
18. Business Owner Defensive vs.
Seller Credibility
On a scale of 1 to 10 with 10 being high…
1 2 3 4 5 6 7 8 9 10
Your Credibility The Business Owners
Defensive
For the Price Seller – The price has no perceived value
For the Product Seller –The product has no perceived value
For the Relationship Seller - the relationship has no perceived
value!
19. The Effective Sales Process
Idea &
Agree- Follow
Door Needs Solution
Planning Proposal ment & up &
Opener Analysis Develop
Close Iterate
ment
20. The Goal of a sales Call is to
Make a Sale…
By successfully matching advertising
solutions with the business owner’s
needs
21. To Make The Right Kind of Sale
Reps Must:
1. Ask the right questions to understand business
needs and objectives.
2. Do a little homework to understand the
business and industry
3. Be an an expert on all of their advertising
solutions
4. Develop the right combination of ideas and
solutions to help them achieve their goals
5. Understand how advertising works when it
works and help advise accordingly
22. Asking The Right Questions
Look for opportunities to ask questions that are both
Specific & Significant
What do they sell
Who do they sell to
What buying factors their potential customers “Care
About” when considering which company to
choose
(USP) Why would they be the best choice for their
products or services?
24. Specific and Significant
Questions
With Specific, Significant, Closed-ended- The prospect will
respond (95% of the time)
This alllows you the opportunity to successfully transition to the Needs
Analysis most of the time
25. Keys Insights from a
Successful Needs Analysis
Understand how to properly “Promote”
their business
The buying factors their potential
customers “Care About”
Identify the Opportunity/Gap based on
the businesses’ capabilities and capacity
Establish specific business
needs/objectives
27. Getting to Yes
Develop and present specific solutions that
will solve the advertisers needs and
objectives
Gain agreement throughout the proposal
Sell to ensure retention, pointing back to the
specific business needs and objectives
uncovered in the needs analysis
Use their words in the creative, in the
presentation and in the approach
28. Tips to Close
Steal Share –
Are you the dominant media player?
Take a piece of the pie
Compliment sale rather competitively sell
This is a sales call, not a date, ask for the
order
Assume the close
Use the creative concept design to gain
agreement
29. SELL
… …
Sell the business and then keep it!
Consistent Contact and Value After the Sale
30. Retentionbegins before the
Sale Closes
1. Start with the right questions to understand
business needs and objectives.
2. Develop the right combination of ideas and
solutions to help them achieve their goals
3. Find the Opportunity/Gap based on the
businesses’ capabilities and capacity
4. Establish an expectation of ad campaign and
strategy iteration campaign and adjustment
for best results
5. Know the intent of the ad campaign
(branding, targeting direct response)
31. The 2…4… Sell Program
Designed to support and reinforce your sales
Increases advertiser retention, satisfaction and
results
High touch with advertisers until
recommendations have yielded success
Earning the right to ask for more $
32. 2,4, Sell Approach
Post-sale Strategy: The 2… 4… Sell! Model
Report Rapport Rapport Rapport Rapport
Rapport Reinforce Reinforce Reinforce
Reinforce Reinforce
Reinforce Report Testimonials Report
Recalibrate Referral
Week Week Wee
Week Week Week Week
2 4 k66 8 10 12
Sell Sell Sell
or or or
Resell Resell Resell
33. The R’s to Retention
Rapport- Build a bond of mutual trust around
meeting your advertiser’s needs.
Reinforce- After the sale, restate the specific
business benefits of the program.
Resell- If retention is at risk, go back to the NA.
Report- Metrics, performance, and actions
Recalibrate- Adjusting the campaign to meet
expectations through audience, creative,
placement or product.
Referral- A recommendation for your services to
another business.
34. Tips to Retaining the Business
Change the Dang Creative!!!
Be Proactive, plan, take them suggestions and ideas
Get in Front of it, know what they are doing at what time
of year, merchandise drives, specials and events etc.
Consider their full media campaign – remember how
advertising works when it works
Talk about the results
The Needs Analysis never ends - continue to look at the
business through the lens of their customer and use every
opportunity to dig in for understanding
Change the Dang Creative!!!
Change the Dang Creative!!!
There is a secret sauce to sales success is ConsistentDeliberateUrgentFocusedPersistentSales Activity
15 sales calls w/ 20% close rate3 deals a week = 12 deals per monthAn average sale of $250 per month annualized = $3000 per year 12 deals per month at $3000 per yr = $36,000 in gross contract value12 months of consistent sales activity = $36,000 x 12 = $432,000 in gross contract sales What does this really mean? Year 2 = monthly $36,000 per month in actual revenue!
Reverse Engineer Commission Earnings With Your Reps Help them see the path to earning $ Ask them to determine their personal earnings goal for the next 12 months Reverse engineer the number back based on commission paid each month to determine what they have to sell to get thereHave them design their 100 day plan to take action and get there
If the expectations are set and clear and results are not there you can point to one of theseConfidence Competence Belief
Business owners are constantly being called on by sales reps. Why would they choose you? NewspapersMagazineYellow pagesDirect mailInternet solutionsSEM, SEOMobileSocialRelationship managementEmail marketingLead generationBusiness owners are constantly being called on by sales reps. Why would they choose you?
An effective sales process:Planning Door OpenerNeeds AnalysisIdea & Solution DevelopmentProposalAgreement & CloseFollow up & Iterate
To Make The Right Kind of Sale Reps Must: Ask the right questions to understand business needs and objectives. Do a little homework to understand the business and industryBe an an expert on all of their advertising solutionsDevelop the right combination of ideas and solutions to help them achieve their goalsUnderstand how advertising works when it works and help advise accordingly
The Art of the Interview – The Customer Needs AnalysisVirginia sald last night As a journalist I know how to ask questions, I can get the story!Lower the advertisers defenses and build some credibility You have to build some trust for your customer to open up to you and tell you his business needs and goals
Okay, this is one of the greatest and easiest ways to sound competent and gain knowledge quickly. Choosing an assisted living facility Or how to choose… Reps can Google this on the car…this is efficient precall planning!
Specific and Significant QuestionsWith Specific, Significant, Closed-ended - The prospect will respond (95% of the time)This alllows you the opportunity to successfully transition to the Needs Analysis most of the timeExample of a specific and significant question to an assisted living facility might be:if a son or daughter wanted to check out your independent living facility for their mother or father, would they be able to walk in here and speak to any of the residents…“Mr. Business Owner, I tried put myself in the shoes of one of your potential customers.I actually made a list of questions that I thought a potential customer interested in your facility might want answers to. I wanted to see if I could run some of these questions by you to see if they would be relevant for you and I to discussWould that be all right?”
Keys Insights from a Successful Needs Analysis or successful advertiser interview Understand how to properly “Promote” their businessThe buying factors their potential customers “Care About” Identify the Opportunity/Gap based on the businesses’ capabilities and capacityEstablish specific business needs/objectives
Be sure to understand the Campaign Intent and Desired ResultIs it:BrandingTargeting Direct Response
Getting to Yes Develop and present specific solutions that will solve the advertisers needs and objectivesGain agreement throughout the proposalSell to ensure retention, pointing back to the specific business needs and objectives uncovered in the needs analysisUse their words in the creative, in the presentation and in the approach
Tips to Close Steal Share – Are you the dominant media player? Take a piece of the pieCompliment sale rather competitively sell This is a sales call, not a date, ask for the orderAssume the close Use the creative concept design to gain agreement
The 2…4… Sell ProgramDesigned to support and reinforce your salesIncreases advertiser retention, satisfaction and resultsHigh touch with advertisers until recommendations have yielded successEarning the right to ask for more $
QUICK touch points every 2 weeks for the first 90 days Rapport- Build a bond of mutual trust around meeting your advertiser’s needs.Reinforce- After the sale, restate the specific business benefits of the program.Resell- If retention is at risk, go back to the NA. Report- Metrics, performance, and actionsRecalibrate- Adjusting the campaign to meet expectations through audience, creative, placement or product. Referral- A recommendation for your services to another business.
The R’s to RetentionRapport- Build a bond of mutual trust around meeting your advertiser’s needs.Reinforce- After the sale, restate the specific business benefits of the program.Resell- If retention is at risk, go back to the NA. Report- Metrics, performance, and actionsRecalibrate- Adjusting the campaign to meet expectations through audience, creative, placement or product. Referral- A recommendation for your services to another business.
Tips to Retaining the Business Change the Dang Creative!!!Be Proactive, plan, take them suggestions and ideasGet in Front of it, know what they are doing at what time of year, merchandise drives, specials and events etc.Consider their full media campaign – remember how advertising works when it worksTalk about the results The Needs Analysis never ends - continue to look at the business through the lens of their customer and use every opportunity to dig in for understandingChange the Dang Creative!!!Change the Dang Creative!!!