About this Author
Stephan Schiffman, a renowned sales trainer, has coached at major corporations like AT&T and Motorola. He's authored numerous books, including "Closing Techniques (That Really Work!)" and "The 25 Habits of Highly Successful Salespeople."
1999
Business & Money
Management And Leadership
11:00 Min
Conclusion
7 Key Points
Conclusion
In sales, persistence is key to adopting rejection as a stepping stone to success. Double your efforts by doubling your calls, refining your approach, and transforming objections into opportunities. Always aim to progress to the next step, maintaining professionalism and focus on meeting prospects' needs.
Abstract
Stephan Schiffman's sales wisdom is a lifeline for businesses stressing the importance of overcoming objections and seizing opportunities. With a wealth of experience, Schiffman imparts practical advice on cold calling and consistent prospecting, key pillars of sales success. Through relatable anecdotes, he underscores the vital role of perseverance, clear communication, and strategic thinking in achieving favorable outcomes. His guidance resonates with small businesses, offering straightforward yet effective strategies for sales excellence.
Key Points
Summary
Identify the foe.
As a salesperson making cold calls, your biggest challenge is convincing customers to switch from their current setup. Most folks believe they're content with what they've got"if they weren't, they'd be calling you instead. To stand out, you need to focus on the one-third of prospects who might be open to a change if you can sway them away from the status quo.
Real-life data
For ten weeks, a lone salesman diligently pursued his goal: making at least one sale per week. His efforts resulted in 293 phone calls, 149 conversations, 49 initial appointments, 83 visits to both new and returning customers, and 10 successful sales. These figures simply illustrate his determination to achieve a consistent sales rate of one per week. On average, he made 8.3 calls and secured one sale weekly.
This schedule might not sound exciting, but it's crucial for sales success: you've got to keep at it consistently. Don't just aim for big peaks and then drop into valleys. The key is to keep prospecting and setting up appointments all the time. Many salespeople forget how important this ongoing search for potential customers is. Think about how long it takes from the moment you start talking to a prospect to the time you make a sale and get paid. It's not instant; there's a whole process involved. And because of that, there's always a gap between when you start working on a sale and when you see the results. In reality, the sales you're making today are the outcomes of the effort you put in yesterday. So, it's important to keep hustling! The prospecting you do, or don't do, today will directly impact how many sales you make down the line.
Recognize the importance of saying no.
In sales, hearing "no" is a good thing. Each "no" brings you closer to a "yes." It's like collecting gold nuggets on your way to finding treasure. Every rejection helps you refine your approach and get one step closer to making a sale. Salespeople understand this well. They know they'll face many "nos" before they get a "yes." By tracking their ratios of calls to appointments and appointments to sales, they figure out how many "nos" they need to hear before making a sale. So, if you're not hearing "no," you're probably not making enough calls. Accept the "no"s " they're your pathway to success in sales.
Five strategies to double your income.
You might have heard that there are no easy tricks to sales success. That's true, but there are some logical steps you can take to boost your effectiveness. By following a few simple steps, you can potentially double your income.
Search for potential opportunities or clients.
Today's sales are the result of yesterday's prospecting. Without actively seeking out new potential customers, you're stuck with only the ones who come to you on their own. If you're okay with just being average, that might work. But for those of us aiming higher, there are plenty of great places to find new prospects.
Revamp the cold call process
Cold calling is often seen as a tough part of sales, but it's super important. Here's how to do it right:
Creating a script for cold calling might feel awkward at first, but it's crucial. However, listening to your prospect is even more vital than sticking strictly to a script. Instead of planning your response while they talk, focus on truly hearing what they're saying.
Get Attention
When you start a cold call, the first step is crucial: getting the person's attention. Whatever you say initially will elicit a response. The better your opening statement, the better the response you'll get. Remember, people tend to mirror your approach. If you use a gimmicky question, expect a defensive or gimmicky reply. Skip the fancy tricks and keep it simple. Starting with something like "Good morning, Mr. Jones," works wonders. People respond positively when addressed by name, and it's hard to resist returning a morning greeting. With this straightforward greeting, you've initiated the first exchange, and the conversation is underway. Absolutely! "We're the go-to choice for supplemental health insurance needs in southern Jersey, providing comprehensive coverage for individuals and families."
"The reason I'm calling you today is to set an appointment. By asking for an appointment, you have some chance of getting one. Even if the prospect doesn't understand why you're calling, he or she might schedule an appointment to find out. Finally, it's time to set the appointment. The request must be direct, brief, and specific: "That's great, Mr. Smith, we should get together. How's Monday at 4 pm looking for you?" This question focuses on when you'll be getting together, not why or if.``
"Six tips for better phone calls
Simple tweaks can skyrocket your cold-calling game:
Transform refusal into acceptance
Potential clients often decline your appointment request, usually citing one of four common reasons:
Experience teaches that the initial reaction checks your ability to react correctly. But the true challenge lies in the second response.
Balance on the edge.
The ledge strategy is simple: Whenever someone raises an objection or says no, you turn it into an opportunity to schedule a meeting. For example, if they say your company is too expensive, use that as a chance to highlight the value of your product or service and suggest a meeting time. If they mention they don't use your product, turn it around by explaining how it could complement what they're already doing and propose a meeting. Every reason they give for not doing business with you becomes a reason to meet up and discuss further.
In every sales interaction, your main aim is to move to the next step. Don't let anything distract you from that. When you're trying to schedule a meeting, remember: that you're a professional, and you should be treated like one. It's not professional to promise a five-minute presentation just to secure a meeting. Being too submissive isn't seen as professional.
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