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Pinterest and Flickr Make Photo Attribution Easier

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10 Video Tips for Businesses on Pinterest

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Saturday, February 11, 2012

Sales Article: Do You Really Know How People Decide to Buy?


How about a provocative question to start the week? Yet, it is a great question to ask of sales people.
Do You Really Know How People Decide to Buy?
I know you will answer with many of the same answers I have used during the years of b2b selling. Here are many of the typical responses to this question…
  • It was the logical thing to do
  • It was based upon the hot button
  • It solved their problem
  • It had real value add
  • It was the low cost solution
  • It was the safe choice
Okay, once again, focus upon the real question – How Decisions are Made – rather than what you sold them.
Now if you are like most people (and I was included in this group until a few years ago), assumptions were made based upon our experience in selling, what sales trainers had told us and other externally driven answers. However, precious little thought time was devoted to learning how the decisions are made.
Now, a new science and all the growing mountains of information are coming out and giving us answers to this simple yet provocative question – How Are Decisions Made.
The science of Neurology is telling us more and more about how the brain works. Books are popping up like -The Buying Brain;The Hidden BrainNeuroMarketing and several other books are  just hitting the book racks.
These amazing books and articles are showing the b2b sales people how to properly influence the buying decisions of others. In fact, the information is turning our world of selling and especially marketing upside down.
Over the next few weeks, I will be summarizing some of this amazing information for you. It is very important you understand how the brain works and what will influence a decision maker to buy.
This has no manipulation involved, in fact, it creates a pathway for sincere conversation with your decision makers using methods whereby they are happy to buy rather than the negative of being sold.
As I have studied the new research available about how the brain actually works I’m getting the answers to so many questions from the past. Often I would find myself in b2b sales situations thinking I had won a contract, only to learn shortly afterwards someone else got the deal.
So, why should you take your valuable time to read the coming b2b sales tips about some neuroscience stuff? Well, the reason I’m learning about it is due to the changing sales environment. I’m running into changes whereby it is harder to meet with decision makers, the sales process has slowed to a crawl for many previous fast paced decision makers, and finally my old sales process was getting fewer and fewer leads generated for new sales opportunities.
I knew something had to change – and surprise – it was not going to be the customer. It is time for you to begin thinking differently, if you want to differentiate yourself in the marketplace and ride the new wave of b2b sales momentum. It is coming and the only question is “Are You Ready?”
Finally, I apologize for the lack of action steps in this article for you. However, I needed to set the stage and get you thinking today.
Here is the crisp: Take a moment to reflect upon your current world of b2b selling. Ask yourself (and be honest since you are talking to yourself.) what has changed in my sales process? Are your customers and potential customers returning your phone calls or emails immediately? Are my customers acting differently? Do they seem bored with my presentations? Do they treat you like a commodity sales person and always ask about price? (This is the most telling of the reflections.)
There you have your action commitment steps for the day. Future articles will begin to address these issues and how to improve your b2b sales using this new information from the neurosciences.
One last note: This amazing material / research on how the brain works has proven one thing to me that is probably the most important learning point of the whole process. The Questioning Model for b2b Selling is the key to future b2b sales success. Learning the Questioning Model for B2B Sales is required knowledge for now and the future.


Referance:  Voss Graham in: Neuroscience & B2B Selling

Saturday, February 4, 2012

Top Ten Sales Approaches (Grand Finale Sales Approach No. 10)


Sales Approach Number 10

Value-Added Selling

A value-added product is one that has something extra added to it in production, processing, or selling. For example, a retailer may offer free batteries with the sale of a battery-operated device. Or the retailer can offer free gift wrapping for purchases. A manufacturer may offer 10 percent more product for the same price.
A value-added service, likewise, is one that becomes more valuable to the purchaser by the addition of other services. For example, an accountant may offer a discount on tax services to existing clients. A real estate agent can offer the use of a moving truck at no charge to their buyers or sellers.
How can salespeople add value to help make a sale? Many sales managers make value-additions available to salespeople. For example, a car seller may be authorized to offer specific upgrades to buyers in order to close a sale. To minimize the giveaways, the sales manager may reduce the seller's commission or withhold some bonuses on sales that involve these free upgrades. Otherwise, the seller will not see the value of defending the price to make the sale.
Another way that salespeople can add value to the sale is to offer their time at no additional cost. “Buy this bicycle today and I'll set it up for you myself at no extra charge.” In retail, stores offer free gift wrapping, free shipping, assistance carrying merchandise to the car, and other value-added services that help buyers make a decision.
 
Finally
 
Also, remember that value-added is a perception. That is, if your buyer sees that the value of purchasing an item from you is greater than buying the same one from your competitor, that's a value added. Extra value can be derived by meeting the buyer at her or his place of business, making transactions easier, offering faster delivery, and in many other ways. Sell as you wish to be sold.

Wednesday, February 1, 2012

Top Ten Sales Approaches (Sales Approach No. 9)


Sales Approach Number 9

Consultive Selling

Consultive or consultative selling combines other Golden Rule selling techniques. It's based on reputation and uses problem-solution techniques to help the buyer make informed decisions. The primary difference is that consultive selling requires more time to develop the authority and trust needed to offer the buyer valued advice. Consultive selling is more common in selling technical products and services to businesses and industry. The seller, usually one with extensive technical training or an advanced degree in the field, builds a relationship of trust with the buyer before analyzing specific problems and offering appropriate solutions.
For example, a sales engineer meets with an industrial plant supervisor who is concerned about an increase in maintenance costs. The sales engineer may spend a day or more asking relevant questions about operations and visually inspecting the plant. Only when all needed information is gathered will the sales engineer — now a trusted consultant — make a specific recommendation on the solution.
Consultive sales techniques can be used in some retail sales as well. For example, a clerk in a high-end jewelry store will present himself or herself as a knowledgeable expert. Buyers can be confident that the information they receive is trustworthy. The industry motto is: If you don't know jewelry, know your jeweler.
Another consultive sales career is in real estate. Agents and brokers are licensed by their state and usually complete additional training to make them more knowledgeable in their field. They work to develop a reputation for being an expert in real estate matters. They strive to develop professional trust from buyers, sellers, and other participants in real estate transactions.
Consultive selling is an advanced technique that requires additional experience and training. However, it can be rewarded by greater sales and higher incomes than many salespeople earn.

Grand Finale: Sales Approach Number 10 [...to be continued