‘ Generating Sales & Customer Retention’ Presented by Aidan Dye
Selling “ I find it useful to remember that everybody lives by selling something.” Robert Louis Stevenson
What is selling?
Selling in not The art of arresting someone’s intelligence long enough to extract money from them.
The Best Sales Man We Ever Had… … was the one who sold two milking machines to a farmer who only had one cow!....... Then this sales man helped finance the deal by taking the cow as a down payment on the two machines!
What is selling? Selling is controlling and influencing the whole of the decision making process, persuading the Client to come to a decision in their favour and yours.
What is selling? Selling is  controlling  and  influencing  the whole of the decision making  process ,  persuading  the Client to come to a decision in  their favour  and  yours .
The Buyer’s Motivation People buy equally from fear of loss than from promise of gain Murray Raphel
Emotions vs Logic Emotions dominate Desire Fear / Caution Whilst logic is trying to break through
People buy with their hearts and as well as their heads Fear, overcome problems, desire, greater health or happiness, make me look good, more money
Sometimes People Don’t Know What They Need Buyer’s Needs Conscious Unconscious Our job is to understand their conscious needs and bring their unconscious needs to their attention – and then solve both!
A Complex Sales Situation Demands… A skilled approach A thorough fact find A strategy or model
A Consultative Selling Approach Knowledge of Problem Knowledge of Solution Low Hi Hi Most people start here Where we want to get to is here Our start point
The Wonderful Paradox I have more fun and enjoy more financial success when I stop trying to get what I want and start helping other people get what they want. Kenneth Blanchard The One Minute Sales Person
The Customer Paradigm “ To sell John Brown,  What John Brown buys, You have to see things, Through John Brown’s eyes.” Considering all this our primary focus must be… … on the buyer’s perspective.
Finding More Business New Products & Cross-selling New Opportunities Market Penetration Finding New Clients Clients Products Existing New New Present
Finding More Business New Opportunities Finding New Clients Cross Selling Clients Products Existing New New Present versus
Finding More Business New Opportunities Finding New Clients Clients Products Existing New New Present versus
Finding More Business New Opportunities Clients Products Existing New New Present versus
Finding More Business Clients Products Existing New New Present versus
Features and Benefits Features Advantages Benefits  Weaknesses
Benefit Fluency People don’t buy features They buy what the features do for them i.e. the benefits to them An advantage becomes a benefit only if the Client tells you they need it Otherwise lots of advantages only make you seem unsuitable Weaknesses only have to be less than the weakness of not taking the action!
Successful Selling Start with a completely open mind and explore: The Clients needs (conscious and unconscious) Problems and the implications of those problems Motivators (logical and emotional) Relevance of Advantages Use a 2 Phased approach to get a full understanding and to give yourself time to develop the ideal solution.
The Magic Formulae 1.  The best salesperson is the best communicator 2.  The best communicator is the best listener 3.  The best listener is the best questioner 4.  The best questioner is the person who - knows his/her unique product benefits - encourages the client to talk about their problems - causes the client to reflect on the implications of those problems - leads the client to identify the product as the solution to the problems
Customer Retention
The Communication Code Words  12% Tone 28% Body Language 60% _____ 100%
The Customer Perception Ladder How do patients regard their G.P.? Do they think he/she is: Level 4 –  “We have worked together on a  programme that has had a significant  impact on my long term health” Level 3-  “Lots of useful and relevant advice” Level 2 –  “Useful leaflets containing stuff I  probably know, but must read one day” Level 1 –  “Renewer of prescriptions”
The Customer Perception Ladder Level 1 Level 2 Level 3 Level 4 “ I needed to lie down in a darkened room afterwards” “ What a hassle it is dealing with them” “ Helpful, pointed us in the right direction” “ Has made a vital contribution to a key business objective” Bringer of problems Bringer of leaflets Provides some good advice Business Partner
Moving Up The Customer Perception Ladder To Level 2  - sell the benefits of what UKTI’s  products and services can do for them To Level 3 – set out what you can do to help your  Clients achieve their business objectives To Level 4 – Follow the Relationship Approach: Understand the Client’s Motivation, their problems, and the implications of these problems Use a Consultative Approach Develop strong relationships with all key decision makers Make recommendations of ‘solutions’
Components of the sale ‘ S ’ selling ‘ s’ selling Product Financial Motivation
Financial Personality Conditions Product Motivation
P M F Type of   Product Our Product Emotional Logical Cost Price Financial rationale & justification Payments Budget Condition - fact ‘ afford it’ Total sale £ Value for money Objection – opinion ‘ worth it’ Confidence, desire, fear Features Benefits Support Differentiators  Needs and wants for Such a service (Conscious & unconscious)
Client Account Plans What goes into an Account Plan? ‘ Pain’ Implications Position on Key Account Ladder What potentially will they buy?  (when? value?) Check against ‘Components of Sale Model’ Longer term strategy & opportunities Objectives for next meeting/actions
 
4 Different Personalities To Appeal To
Dominant Active Unassuming Passive Extravert People Minded Introvert Task Driven Promoter Facilitator Analyst Controller Make them look good Good for their People The Numbers The Challenge
 

Generating sales and customer retention

  • 1.
  • 2.
    ‘ Generating Sales& Customer Retention’ Presented by Aidan Dye
  • 3.
    Selling “ Ifind it useful to remember that everybody lives by selling something.” Robert Louis Stevenson
  • 4.
  • 5.
    Selling in notThe art of arresting someone’s intelligence long enough to extract money from them.
  • 6.
    The Best SalesMan We Ever Had… … was the one who sold two milking machines to a farmer who only had one cow!....... Then this sales man helped finance the deal by taking the cow as a down payment on the two machines!
  • 7.
    What is selling?Selling is controlling and influencing the whole of the decision making process, persuading the Client to come to a decision in their favour and yours.
  • 8.
    What is selling?Selling is controlling and influencing the whole of the decision making process , persuading the Client to come to a decision in their favour and yours .
  • 9.
    The Buyer’s MotivationPeople buy equally from fear of loss than from promise of gain Murray Raphel
  • 10.
    Emotions vs LogicEmotions dominate Desire Fear / Caution Whilst logic is trying to break through
  • 11.
    People buy withtheir hearts and as well as their heads Fear, overcome problems, desire, greater health or happiness, make me look good, more money
  • 12.
    Sometimes People Don’tKnow What They Need Buyer’s Needs Conscious Unconscious Our job is to understand their conscious needs and bring their unconscious needs to their attention – and then solve both!
  • 13.
    A Complex SalesSituation Demands… A skilled approach A thorough fact find A strategy or model
  • 14.
    A Consultative SellingApproach Knowledge of Problem Knowledge of Solution Low Hi Hi Most people start here Where we want to get to is here Our start point
  • 15.
    The Wonderful ParadoxI have more fun and enjoy more financial success when I stop trying to get what I want and start helping other people get what they want. Kenneth Blanchard The One Minute Sales Person
  • 16.
    The Customer Paradigm“ To sell John Brown, What John Brown buys, You have to see things, Through John Brown’s eyes.” Considering all this our primary focus must be… … on the buyer’s perspective.
  • 17.
    Finding More BusinessNew Products & Cross-selling New Opportunities Market Penetration Finding New Clients Clients Products Existing New New Present
  • 18.
    Finding More BusinessNew Opportunities Finding New Clients Cross Selling Clients Products Existing New New Present versus
  • 19.
    Finding More BusinessNew Opportunities Finding New Clients Clients Products Existing New New Present versus
  • 20.
    Finding More BusinessNew Opportunities Clients Products Existing New New Present versus
  • 21.
    Finding More BusinessClients Products Existing New New Present versus
  • 22.
    Features and BenefitsFeatures Advantages Benefits Weaknesses
  • 23.
    Benefit Fluency Peopledon’t buy features They buy what the features do for them i.e. the benefits to them An advantage becomes a benefit only if the Client tells you they need it Otherwise lots of advantages only make you seem unsuitable Weaknesses only have to be less than the weakness of not taking the action!
  • 24.
    Successful Selling Startwith a completely open mind and explore: The Clients needs (conscious and unconscious) Problems and the implications of those problems Motivators (logical and emotional) Relevance of Advantages Use a 2 Phased approach to get a full understanding and to give yourself time to develop the ideal solution.
  • 25.
    The Magic Formulae1. The best salesperson is the best communicator 2. The best communicator is the best listener 3. The best listener is the best questioner 4. The best questioner is the person who - knows his/her unique product benefits - encourages the client to talk about their problems - causes the client to reflect on the implications of those problems - leads the client to identify the product as the solution to the problems
  • 26.
  • 27.
    The Communication CodeWords 12% Tone 28% Body Language 60% _____ 100%
  • 28.
    The Customer PerceptionLadder How do patients regard their G.P.? Do they think he/she is: Level 4 – “We have worked together on a programme that has had a significant impact on my long term health” Level 3- “Lots of useful and relevant advice” Level 2 – “Useful leaflets containing stuff I probably know, but must read one day” Level 1 – “Renewer of prescriptions”
  • 29.
    The Customer PerceptionLadder Level 1 Level 2 Level 3 Level 4 “ I needed to lie down in a darkened room afterwards” “ What a hassle it is dealing with them” “ Helpful, pointed us in the right direction” “ Has made a vital contribution to a key business objective” Bringer of problems Bringer of leaflets Provides some good advice Business Partner
  • 30.
    Moving Up TheCustomer Perception Ladder To Level 2 - sell the benefits of what UKTI’s products and services can do for them To Level 3 – set out what you can do to help your Clients achieve their business objectives To Level 4 – Follow the Relationship Approach: Understand the Client’s Motivation, their problems, and the implications of these problems Use a Consultative Approach Develop strong relationships with all key decision makers Make recommendations of ‘solutions’
  • 31.
    Components of thesale ‘ S ’ selling ‘ s’ selling Product Financial Motivation
  • 32.
  • 33.
    P M FType of Product Our Product Emotional Logical Cost Price Financial rationale & justification Payments Budget Condition - fact ‘ afford it’ Total sale £ Value for money Objection – opinion ‘ worth it’ Confidence, desire, fear Features Benefits Support Differentiators Needs and wants for Such a service (Conscious & unconscious)
  • 34.
    Client Account PlansWhat goes into an Account Plan? ‘ Pain’ Implications Position on Key Account Ladder What potentially will they buy? (when? value?) Check against ‘Components of Sale Model’ Longer term strategy & opportunities Objectives for next meeting/actions
  • 35.
  • 36.
  • 37.
    Dominant Active UnassumingPassive Extravert People Minded Introvert Task Driven Promoter Facilitator Analyst Controller Make them look good Good for their People The Numbers The Challenge
  • 38.

Editor's Notes

  • #9 If there is a process – we better know what it is, maybe even dictate and direct it a bit Controlling and influencing are “Active” you can’t control and influence by being “Passive” It must be a Win-Win situation or outcome
  • #15 This is what you’ve seen before… now the advanced stuff
  • #18 This is a great matrix for helping to assess your current sources of business and whether there are more things you might consider to generate more business. It starts by saying in any business there are, broadly speaking only two dimensions to consider. Customers, present or new Products (or services) existing or new. [Reveal] – the names we sometimes give to the these are these.
  • #19 The loyalty battle. What type of marketing do these type of organisation do to retain loyalty?
  • #20 How do McDonalds cross sell?
  • #21 What new Client Markets have Lucozade taken their product to?
  • #22 A very diverse Group. Virgin are in the business of “attacking sleepy, staid, traditional businesses with high profits and few competitors (new or existing).
  • #34 Success only comes from satisfying all 6 aspects (deliberately or accidentally)