The 10 insider tricks of sales professionals
Business is nothing without sales, so learn how to sell like a pro.
Even a fantastic product is not enough to guarantee a sale. You
also have to be a killer salesman. But this isn't the 80s -
storming aggressively into a hard sell, all guns blazing, will get
you nothing but a bad reputation. Selling is a very delicate art.
That's why we've spoken to the very best in the business to find
out the insider tricks you need to sell like a pro.
1. Do your homework
First things first: be sure you're talking to the right person.
You might not be able to figure this out until you're in your first
meeting. But then you can casually ask: "So who else is involved in
the buying process for contracts like this at your end?" If someone
more senior is mentioned, you know who to call next.
The more you know about your target customer, the better chance
you have of understanding what they want - and how you can meet
their requirements. Homework allows you to make suggestions that
help seal the deal: pointing out you have a warehouse near their
biggest retail outlet, for example, which would save them delivery
times and costs.
Plus, knowing about a potential client flatters and impresses
them. "Basically you'd love the prospect to say: 'Wow, you've
really done your homework,' " says Sean McPheat, sales coach and
founder of sales training firm MTD Training. "When you get to that
stage you know you've done a great job."
Scrutinise your target's website and marketing material, ask
mutual contacts what they've been up to recently and swot up on
industry news. Then show off your knowledge by sprinkling your
conversation with stuff you've learnt about them.
Homework also means figuring out your ideal and lowest case
scenarios for the sell before negotiations start. There's no point
doing a deal just for the sake of it. Figure out the lowest price
you're willing to sell for that still makes you a worthwhile
profit. And never go below it.
2. Be their mate
"A lot of sales people sell on unique selling points and forget
that sales are made for emotional reasons," McPheat says. If your
prospective buyer likes you, they'll find it to harder to squeeze
you on payment or terms. And they'll want to do business with you
rather than a competitor.
Invite your target to drinks or follow them on social media before
the hard sell, and find some common ground. Fake common ground if
you have to. Use it to build rapport next time you meet. It may
sound contrived - it is contrived - but you need to find a way to
bond.
Use their first name often, too. It makes people warm to
you.
And keep your target involved throughout the course of your
conversation. Ask them if they follow what you're saying and if it
makes sense, and go over things again if they sound unsure. You
have to keep them on board with what you're saying at all
times.
3. Killer questions
Open the meeting by asking questions, rather than rushing
straight into a sales pitch. Find out what your target buyer wants
and what they dislike about their current supplier. "A real sales
pro will pull out the pain and the hurt that the prospect is
experiencing," McPheat explains.
Of course, not everyone will want to badmouth their long-term
supplier to a complete stranger. Sidestep that by talking about
problems in a more generalised way. Say you've researched a certain
issue (the one you suspect they're facing) across their industry
and you've found there's a widespread problem. Then lead into:
"What's your experience been of that?" Use the word 'experience'
not 'problem' so it doesn't inadvertently place any blame on
them.
You can then start giving the problem more weight in their mind.
Ask them what the long-term effects on their business would be if
that problem carried on. Ask them how quickly they'd need it
resolved to prevent lasting damage. Sowing seeds of worry and
urgency in their mind will help open them up to the solution you're
offering - which you can now tailor exactly to their needs, having
found out what they want.
4. Make it win-win
The days of trying to completely screw over the person you're
doing business with are long gone. "That was the way they used to
do things in the 80s," says Brad Burton, MD of the UK's largest
joined-up business breakfast network, 4Networking. "These days it's
all about reputation. So talking someone into something that's not
right for them is a mistake.
"If I sort you with something today that's not appropriate for
your business, you're going to go and Twitter about that. You're
actually doing yourself a disservice."
Instead, Burton always aims 'to make everyone a winner'. It makes
your sale a heck of a lot easier if you can prove your service will
help your customer. Plus, you can look forward to a few referrals
if your buyer leaves the room feeling good about the deal.
Come prepared with numbers and arguments that show this will be a
good move for both of you.
5. Live the dream
Convincing someone your product is brilliant is hard work. You
needed to come loaded with enthusiasm. You're selling your vision
of the business as much as anything.
Know your product inside-out and practise your explanation of its
wonders non-stop. Come armed with long and short versions of your
pitch, so you can cut yourself short if they're looking bored, or
carry on if they're engaged.
Tailor your pitch to each target. Make sure the bits that will
excite them most come right at the beginning.
A few client testimonials neatly printed out never go astray
either, and don't forget to casually drop in the fact you're in
talks with other businesses too. ('Casually' is the optimum word
there though - be cool, not cocky.) There's nothing like a bit of
demand to stoke the fire in a buyer's belly.
And go in to the meeting expecting a yes. That optimism is really
appealing, and will make you shine with confidence.
6. Watch their feet
It's unlikely your target will be 100% honest with you
throughout the pitch - they want to keep their cards close to their
chest just as much as you do. Grasp the basics of body language,
and you'll have a much better insight into what they're really
thinking.
If someone's interested in what you're saying, they'll make direct
eye contact, have a relaxed brow, with feet pointing towards you.
Their mouth may be slightly upturned at the corners. If they're
leaning back with their hands behind their head, they're incredibly
relaxed. If they're still, they're pretty much captivated. Good
news - you're in.
But you need to back off if you notice someone tapping their
fingers or fidgeting, looking around the room, bouncing their legs
or with their arms crossed. If their posture or face seems tense,
pull back. Ask what they think, and give them a chance to talk
themselves into a more relaxed state, when they're more likely to
be open to your suggestions.
You need to be aware of your own signals too, so your buyer trusts
you. Try not to go up at the end of your sentences or nervously
half hold your breath - it makes you seem uncertain. Keep your
posture as relaxed as possible and don't cross your legs or arms.
Nod when they speak to show you understand and aim to keep your
voice measured and calm.
Mirror the other person's body language if you can. It builds
rapport.
7. Use NLP
Neuro-linguistic programming is all about subtly structuring the
way you speak to persuade someone. You can use it to keep your
buyer open to your offers.
Rintu Basu, NLP coach and founder of The NLP Company, suggests the
following technique for handling objections to your
proposition.
Start off with an agreement, even if you completely disagree with
what they've said. "Whenever you agree with someone, you're
essentially opening them up to you. It's a rapport builder," he
explains. "If they said something like, 'I wouldn't want to buy one
of your products because I think it's rubbish,' you can say: 'I
agree you're thinking like that.' "
You then use the word 'and' to lead into the next thing you're
going to say (never the words 'but' or 'however', which negate your
agreement).
You can then move your prospect's thoughts away from the negative
thing they said to a new talking point. Using the earlier example,
you'd say: "I agree you think like that, and the issue isn't the
nature of our products, but how much of a return on investment you
get from them."
You then lead into a question that encourages them to think about
the new line of thought. So to continue the above: "I agree you
think like that, and the issue isn't the nature of our products,
but how much of a return on investment you get from them. So how
much of a return do you need to make this worthwhile?"
Their answer tells you what you need to focus on to continue
moving forward, and moves them on from thinking negatively about
your product.
8. Make them think you're a martyr
You want your buyer to feel they're getting fantastic deal. So
create the impression you're making sacrifices for them.
Pitch your price higher than you expect to them to pay, and
gradually allow them to bargain you down - but only give ground
when they do. Gradually decrease the length of time of the contract
or the quantity of what you're selling in sync with the price drop.
And make it seem like you're stretching yourself to give them that,
adding in the occasional, 'Well, I wouldn't normally, but...', so
they feel they have the upper hand.
But don't take the mickey with your pricing. Be fair. Throughout
the negotiating process, reiterate why your cost is justified
(without being pushy).
Pick up on any obstacles to a sale so you can push them to one
side. If they're telling you your price is too high, ask them if
they'd want your product if price wasn't an issue. If they say yes,
you're in - you just have to find a price that suits you
both.
Keep an eye on the body language to figure out what they really
think of your suggestions, to keep yourself in check.
9. Play good cop bad cop
Here's a tip from killer dealmaker Brad Rosser's excellent
startup book, Better, Stronger, Faster. You might be the only
person in your business, but you can still defer to a higher power
when things are getting hairy to give yourself extra leverage. Say
you need to consult your accountant or exec board (whether or not
you have one).
By telling your target that you'd love to do the deal but you're
not sure if your board or accountant would go for it, you stay on
their good side but still keep the boundaries you want to,
protecting your position.
10. Don't close
Rushing the close of a deal (the bit where you get them to agree
final terms) is a huge error.
Always act patiently. Make sure you leave yourself a free window
after sales meetings in case things overrun. You can guarantee
you'll lose a sale if you have to rush off.
Everything should be about making your prospect feel like they're
buying wisely rather than being sold to. So give them some
breathing space if you sense they're feeling suffocated of if
things are tense. Say you understand this is a big decision and
would they prefer to meet at a later date, after they've had some
thinking time. It shows you empathise and gives the impression you
have their best interests at heart.
Stretching things out can also save you if you start feeling out
of control. It's far better to do a deal slowly than hurry a deal
that leaves you short-changed.