Saturday, December 22, 2012
Wednesday, December 12, 2012
Selling to Today's Customers
What is
selling? In its simplest terms, selling is the process of helping a person to
conclude that your product or service is of greater value to him than the price
you are asking for.
How Markets Work
Our
market society is based on the principles of freedom and mutual benefit. Each
party to a transaction only enters into it when he feels that he will be better
off as a result of the transaction than he would be without it.
The Three Options
In a
free market, the customer always has three options with any purchase decision.
First, the customer can buy your product or service. Second, the customer can
buy the product or service from someone else. Third, the customer can decide to
buy nothing at all.
Convincing the Customer
For the
customer to buy your particular product or service, he or she must be convinced
that it is not only the best choice available but he must also be persuaded
that there is no better way for him to spend the equivalent amount of money.
Your job as a salesperson is to convince the customer that all these conditions
exist and then to elicit a commitment from him to take action on your offer.
"Deliver a Winning Presentation! Learn to influence and
persuade others to take action now!"
Your ability to deliver a winning presentation,
to influence and persuade others to take action can move you ahead more
rapidly than almost any other skill you can develop.
Would you like to learn this invaluable skill and dramatically
improve your life and your career?
How
to Deliver a Winning Presentation
Join me in a training session and I will show you
how to speak effectively, and influence and persuade others to take action --
immediately!
Learn How to Deliver a
Winning Presentation Today!
|
Customize Your Sales
Presentation
The
field of professional selling has changed dramatically since World War II. In a
way, selling methodologies are merely responses to customer requirements. At
one time, customers were relatively unsophisticated and poorly informed about
their choices. Salespeople catered to this customer with carefully planned and
memorized sales presentations, loads of enthusiasm and a bag full of techniques
designed to crush resistance and get the order at virtually any cost.
Treat Them With Respect
But the
customer of the 1950s has matured into the customer of the 21st century.
Customers are now more intelligent and knowledgeable than ever before. They are
experienced buyers and they have interacted with hundreds of salespeople. They
are extremely sophisticated and aware of the incredible variety of products and
services that are available to them, as well as their relative strengths and
weaknesses of those products. Many of them are smarter and better educated than
most salespeople and they are far more careful about making a buying decision
of any kind.
The Need For Speed
In
addition, they are overwhelmed with work and under-supplied with time. Because
of the rapidly increasing pace of change, down-sizing, restructuring and the
competitive pressures surrounding them, customers today are harried and
hassled. They are swamped with responsibilities, impatient, suspicious,
critical, demanding, and spoiled. To sell to today's customer requires a higher
caliber of sales professional than has ever before been required. And it is
only going to become tougher and more complicated in the months and years
ahead.
Action Exercises
Here
are two things you can do immediately to put these ideas into action.
First,
think continually about how you can convince your customer that your product or
service is the very best available. Why does he buy, or refuse to buy?
Second,
upgrade your knowledge and skills every day so you can sell more effectively.
Remember, your customers only get better when you get better.
Wednesday, November 14, 2012
The Law of Accumulation
The Law of Accumulation:
how your financial fortune accumulates slowly over time and then becomes
enormous, like a snowball. The Law of Accumulation: Every great financial
achievement is an accumulation of hundreds of small efforts and sacrifices that
no one ever sees or appreciates.
Develop Discipline
The achievement of
financial independence will require a tremendous number of small efforts on
your part. To begin the process of accumulation, you must be disciplined and
persistent. You must keep at it for a long, long time. Initially, you will see
very little change or difference but gradually, your efforts will begin to bear
fruit. You will begin to pull ahead of your peers. Your finances will improve
and your debts will disappear. Your bank account will grow and your whole life
will improve.
Build Up Momentum
The first corollary of
the Law of Accumulation says: "As your savings accumulate, you develop a
momentum that moves you more rapidly toward your financial goals."
It is hard to get
started on a program of financial accumulation, but once you do get started,
you find it easier and easier to keep at it. The "momentum principle"
is one of the great success secrets. This principle says that it takes
tremendous energy to overcome the initial inertia and resistance to financial
accumulation and get started, but once started, it takes much less energy to
keep moving.
Start Slow, Finish Fast
The second corollary of
the Law of Accumulation says, "By the yard it's hard, but inch by inch,
anything's a cinch."
When you begin thinking
about saving 10 or 20 percent of your earnings, you will immediately think of
all kinds of reasons that it is not possible. You might be up to your neck in
debt. You might be spending every single penny that you earn today just to keep
afloat.
If you do find yourself
in this situation, instead of saving 10 percent, begin saving just 1 percent of
your earnings in a special account, which you refuse to touch.
Increase As You Go Along
This small amount will
begin to add up at a rate that will surprise you. As you become comfortable with
saving 1 percent, increase your savings rate to 2 percent, then 3 percent, then
4 percent and 5 percent and so on. Within a year, you will find yourself
getting out of debt and saving 10 percent, 15 percent and even 20 percent of
your earnings without it really affecting your lifestyle.
Action Exercises
Here are two things you
can do to apply this law immediately:
First, decide upon your
long-term financial goals and then resolve to work toward them one step at a
time. The first steps are the hardest and you must discipline yourself to avoid
backsliding into old habits.
Second, practice the law
of accumulation in other parts of your life as well. Resolve to master a
subject one page at a time. Lose extra pounds one ounce at a time. Learn a
language one lesson at a time. The cumulative effect can be enormous.
Monday, October 8, 2012
Advise On How To Handle ‘KNOW IT ALL’
Tell It Like It Is
If
you’re not a know-it-all but feel like you may be working with one, there are
things you can do to address the problem. The first thing you must do is speak
up about it. If no one knows there’s an issue, nothing will change. At the same
time, with a sensitive subject that involves presenting difficult feedback to a
colleague or manager, diplomacy is crucial to a successful outcome.
With Colleagues: If
it’s a know-it-all co-worker you’re dealing with, you have a few options to
raise the subject. If you feel comfortable enough with her to have a
heart-to-heart discussion, you might start by requesting a private meeting,
perhaps over lunch. During the meeting, let your colleague know how much you
enjoy your working relationship, and that you’ve been thinking about ways to
improve it. Mention that you sometimes have a difficult time expressing your
ideas to her, and ask for support in voicing your opinion and getting equal
airtime.
Try to
get buy-in during the meeting for changing the dynamic going forward, so that
your ideas won’t be overshadowed in the future. You might suggest discussing
ways to alternate taking the lead on certain projects, or creating distinct
time slots in meetings for each of you to offer ideas, as well as to listen.
Be sure
to ask your colleague for her thoughts on how to improve the situation as
well—but be wary of her denying the problem or dominating the discussion once
again rather than listening to you. If this happens, you may need to shift to
another option: raising the subject with your colleague’s supervisor.
Save
this approach as a last resort to consider only after you’ve determined direct
resolution with your colleague is not possible. Reporting a problem to
someone’s supervisor can jeopardize your working relationship, and may also
cause political challenges for you in the office, so this action should not be
taken lightly.
With Managers: Often
the problem of dealing with someone who always has to be right comes not from
peers, but from supervisors or managers. Many managers think it’s their duty to
have the last word and the opinion that matters the most—but these aren’t
usually the best managers.
If your
supervisor or another executive who is senior to you in the organization is
making it difficult for you to share your ideas, you’re in a tough—but not
impossible—position. By nature of your role in the organization and the
hierarchical structure of corporate management, you are in the position of
needing to listen to your boss and other managers. But that doesn’t mean you
shouldn’t also be able to express your viewpoints. In fact, it’s part of your
job to do so in order to help your managers and your company.
Though
it may feel difficult to raise the issue with your boss, you might try
approaching the matter as something you’ve thought about to improve your
contribution toward your boss’s goals. You could suggest scheduling a regular
time on the calendar with your supervisor for the specific purpose of offering
your ideas. By carving out a regular time for this to occur, you’ll have a
better chance that you’ll have a chance to express your viewpoints to your
manager on a regular basis.
Monday, October 1, 2012
The Acid Test of Listening
Paraphrase Your Customer's Words
The customer is only sure that you have been
listening when you paraphrase what the prospect has said and feed it back in
your own words. This is where the rubber meets the road in effective listening.
This is where you demonstrate in no uncertain terms to the prospect that your
listening has been real and sincere. This is where you show the prospect that
you were paying complete attention to what he or she was saying. Paraphrasing
is how you prove it.
Question for Clarification
When the prospect has finished explaining his or her
situation to you, and you have paused, and then questioned for clarification,
you paraphrase the prospects primary thoughts and concerns, and feed them back
to him or her in your own words.
Use the Right Words
For example, you might say, "Let me make sure I
understand exactly what you are saying. It sounds to me like you are concerned
about two things more than anything else, and that in the past you have had a
couple of experiences that have made you very careful in approaching a decision
of this kind."
Feed it Back Accurately
You then go on to feed back to the prospect exactly
what he or she has told you, pausing and questioning for clarification as you
go, until the customer says words to the effect of, "Yes, that's it! You've
got it exactly."
Earn the Right to Sell
Only when you and the customer completed a thorough
"examination" and have mutually agreed on the "diagnosis"
you are in a position to begin talking to the customer about your product or
service. In general terms, this means that you can not pull out your brochures
and price lists and begin telling the customer how your product or service can
solve his problems or achieve his goals until about seventy percent of the way
through the sales conversation. Until then, you have not yet earned the right.
Until then, you don't even know enough to begin an intelligent presentation
without embarrassing yourself.
Be a Good Listener
The more and better you listen, the more and better
people will like you, trust you and want to do business with you. The more they
will want to get involved with you as a person and the more popular you will be
with them. Excellent listeners are welcome everywhere, in every walk of life,
and they eventually and ultimately arrive at the top of their fields.
Action Exercises
Here are two things you can do immediately to put
these ideas into action.
First, remember that your first job in the sale is
to get the customer to like you and believe that you understand his situation. Paraphrasing
is the way you accomplish this.
Second, be sure that the customer agrees with you
completely when you feed back his concerns to him. Only then can you really start
selling.
Wednesday, September 26, 2012
The Law of Futurity
The
purpose of a negotiation is to enter into an agreement such that both parties
have their needs satisfied and are motivated to fulfill their commitments and
enter into further negotiations with the same party in the future. This is a
foundation law of negotiating, and it applies especially to negotiations where
you will be dealing with the same party again. In business, it is quite common
for people to be in and out of business transactions and negotiations with each
other over many years. This fundamental futurity must be kept in mind at each
stage of each negotiation.
First Purpose
Let's
break this law down into its constituent parts. First, "the purpose of a
negotiation is to enter into an agreement." It is assumed, but not always
true, that both parties want to do business together. If one does not and is
merely negotiating for some other purpose, the other party can be at a
considerable disadvantage.
Second Purpose
The
second part says, "such that both parties have their needs
satisfied." This means that an agreement where one or the other party
feels that he or she has lost does not fulfill the basic requirement of a
successful negotiation. Both must feel that they have come out ahead.
Third Purpose
This
law then goes on to say, "and are motivated to fulfill their agreements
and enter into further negotiations with the same party in the future."
This means that both parties are satisfied enough with the outcome that they
are motivated to fulfill whatever commitments they have made, and they feel positively
enough about the deal that they are willing to negotiate again and enter into
subsequent agreements in the future. Your job in every negotiation where you
will be dealing with this person again is to assure that the other party will
want to continue doing business with you in the future.
The Final Agreement
Look
for ways to make the final agreement acceptable to the other party. Think of
negotiating with this party again in the future based on the terms and
conditions you are finalizing today. How could you improve the terms without
sacrificing things that are important to you?
Action Exercise
Analyze
your current negotiating style. In what areas have you been more focused on
winning in the short term without really considering the long-term damage that
you might be doing to the relationship?
Thursday, September 20, 2012
Is Procrastination Holding You Back?
When you look at your marketing to-do list, do many of the items on it look all too familiar? Have entries like "call Donna Sanchez" and "follow up with Floyd Corp." been copied from a previous week? Putting off unappealing tasks may be human nature, but for an entrepreneur, procrastination can be deadly.
Delays in contacting a prospect can lose the business to the competition. Failing to get the word out about an upcoming event may forfeit dozens of opportunities. Wasted marketing time can never be recovered. By the time you realize you might not make your goal for the month, quarter, or year, it may already be too late.
Finding tasks on your to-do list week after week is a clear sign you are procrastinating, but it's not always this obvious. Can you identify with any of these situations?
1. Feelings of overwhelm. You have a backlog of work that seems insurmountable. You wake up in the morning already thinking about everything you must accomplish that day. It seems impossible to get it all done. If you are routinely unable to complete what's on your list in the time available, you may be creating the problem yourself by putting tasks off week after week.
2. Making excuses. You find yourself constantly having to make excuses to your business buddies, referral partners, potential clients, or even your coach about why you never followed up on that great referral, that important sales call wasn't made, the marketing package wasn't sent, or the proposal wasn't written. After a while, the excuses begin to sound flimsy, even to you.
3. Trivial pursuits. You notice that you are doing unimportant chores -- rearranging your desk drawers, filing old business cards, shopping for just the right desk, surfing the Net -- while neglecting crucial marketing activities.
4. Overflowing pipeline. A form of procrastination unique to entrepreneurs and salespeople is continuing to develop new leads instead of contacting the prospects you already have. If you are spending more time attending networking events or reviewing lists of names than getting on the phone, putting your fingers to the keyboard, or driving to appointments, this problem may be yours.
If you ARE procrastinating, what then? Begin to change this habit by getting in touch with your motivation to do better. What rewards, tangible and intangible, do you get from your work? Remind yourself of that payoff on a daily basis. Post a picture or note that represents those rewards to you on your calendar, phone, or dashboard.
Break down each of the activities you are having trouble with into small steps. Pick what seems like the easiest place to start, and block out time on your calendar to make a beginning. You may find that once you are taking action, the rest seems much less difficult than you had feared.
If you find that you really do have too much on your plate to have enough time for marketing, it's essential that you cut back on some of your other activities immediately. A business without marketing isn't a business; it's a hobby.
Create more accountability for yourself by telling a buddy, support group, or coach exactly what you plan to get done each week. Ask them not to accept any excuses from you, and to remind you why you said you were doing all this in the first place. You can partner in this way with a colleague by setting up a weekly check-in where each of you reports to the other.
It may take time to break the procrastination habit, so give yourself permission to fail a few times. Remember that even a small amount of progress may be allowing you to achieve more than you ever have before.
Saturday, September 15, 2012
Attitude Versus Aptitude
Overcome A Major Fear
A major
source of stress in your life is the "fear of rejection" or
"fear of criticism." This fear of rejection manifests itself in an
over-concern for the approval or disapproval of your boss or other people. The
fear of rejection is often learned in early childhood as the result of a parent
giving the child what psychologists call "conditional love."
Rise Above the Need For
Approval
Many
parents made the mistake of giving love and approval to their children only
when their children did something that they wanted them to do. A child who has
grown up with this kind of conditional love tends to seek for unconditional
approval from others all his or her life. When the child becomes an adult, this
need for approval from the parent is transferred to the workplace and onto the
boss. The adult employee can then become preoccupied with the opinion of the
boss. This preoccupation can lead to an obsession to perform to some
undetermined high standard.
Avoid Type A Behavior
Doctors
Rosenman and Friedman, two San Francisco heart
specialists, have defined this obsession for performance as "Type A
behavior." Experts have concluded that approximately 60% of men and as
many as 30% of women are people with Type A behavior.
Don't Burn Yourself Out
This
Type A behavior can vary from mild forms to extreme cases. People who are what
they call "true Type A's" usually put so much pressure on themselves
to perform in order to please their bosses that they burn themselves out. They
often die of heart attacks before the age of 55. This Type A behavior, triggered
by conditional love in childhood, is a very serious stress-related phenomenon
in the American workplace.
Action Exercises
Here
are two things you can do immediately to deal with the fear of rejection,
criticism and disapproval.
First,
realize and accept that the opinions of others are not important enough for you
to feel stressed, unhappy or over concerned about them. Even if they dislike
you entirely, it has nothing to do with your own personal worth and value as a
person.
Second,
refuse to be over concerned about what you think people are thinking about you.
The fact is that most people are not thinking about you at all. Relax and get
on with your life.
Thursday, September 6, 2012
Never
underestimate the value and reach of a loyal, repeat customer. Keep customers
coming back for more--and bringing their friends with them--with these smart
tips.
Money
can't buy one of the most important things you need to promote your business:
relationships. How do customer relationships drive your business? It's all
about finding people who believe in your products or services. And when it
comes to tracking these people down, you have two choices:
You can
do all the legwork yourself and spend big marketing dollars. But that's like
rolling a boulder up a hill. You want to drive your business into new
territory, but every step is hard and expensive. There's another less
painful--and potentially more profitable-way...
You can
create an army to help you push that boulder up the hill instead. How do you do
that? You develop relationships with people who don't just understand your
particular expertise, product or service, but who are excited and buzzing about
what you do. You stay connected with them and give them value, and they'll
touch other people who can benefit your business.
Powerful
relationships don't just happen from one-time meetings at networking
events--you don't need another pocketful of random business cards to clutter
your desk. What you need is a plan to make those connections grow and work for
you. And it's not as hard as you think. Here are five essential tactics:
1. Build your network -it's your sales lifeline. Your network
includes business colleagues, professional acquaintances, prospective and
existing customers, partners, suppliers, contractors and association members,
as well as family, friends and people you meet at school, church and in your
community.
Contacts
are potential customers waiting for you to connect with their needs. How do you
turn networks of contacts into customers? Not by hoping they'll remember
meeting you six months ago at that networking event. Networking is a long-term
investment. Do it right by adding value to the relationship, and that contact
you just made can really pay off. Communicate like your business's life depends
on it. (Hint: And it does! Read on.)
2. Communication is a contact
sport, so do it early and often. Relationships have a short shelf life. No
matter how charming, enthusiastic or persuasive you are, no one will likely
remember you from a business card or a one-time meeting. One of the biggest
mistakes people make is that they come home from networking events and fail to
follow up. Make the connection immediately. Send a "nice to meet you"
e-mail or let these new contacts know you've added them to your newsletter list
and then send them the latest copy. Immediately reinforce who you are, what you
do and the connection you've made.
You
rarely meet people at the exact moment when they need what you offer. When
they're ready, will they think of you? Only if you stay on their minds. It's
easier to keep a connection warm than to warm it up again once the trail goes
cold. So take the time to turn your network of connections into educated
customers.
3. E-mail marketing keeps
relationships strong on a shoestring budget. Build your reputation as
an expert by giving away some free insight. You have interesting things to say!
An easy way to communicate is with a brief e-mail newsletter that shows
prospects why they should buy from you. For just pennies per customer, you can
distribute an e-mail newsletter that includes tips, advice and short items that
entice consumers and leave them wanting more. E-mail marketing is a
cost-effective and easy way to stay on customers' minds, build their confidence
in your expertise, and retain them. And it's viral: Contacts and customers who
find what you do interesting or valuable will forward your e-mail message or
newsletter to other people, just like word of mouth marketing.
4. Reward loyal customers, and
they'll reward you. According to global management consulting firm Bain and
Co., a 5 percent increase in retention yields profit increases of 25 to 100
percent. And on average, repeat customers spend 67 percent more than new
customers. So your most profitable customers are repeat customers. Are you
doing enough to encourage them to work with you again? Stay in touch, and give
them something of value in exchange for their time, attention and business. It
doesn't need to be too much; a coupon, notice of a special event, helpful
insights and advice, or news they can use are all effective. Just remember: If
you don't keep in touch with your customers, your competitors will.
5. Loyal customers are your
best salespeople. So spend the time to build your network and do
the follow-up. Today there are cost effective tools, like e-mail marketing,
that make this easy. You can e-mail a simple newsletter, an offer or an update
message of interest to your network (make sure it's of interest to them, not
just to you). Then they'll remember you and what you do and deliver value back
to you with referrals. They'll hear about opportunities you'll never hear
about. The only way they can say, "Wow, I met somebody who's really good
at XYZ. You should give her a call," is if they remember you. Then your
customers become your sales force.
If real estate is all about location,
location, location, then small business is all about relationships, relationships,
relationships. Find them, nurture them, and watch your sales soar.
Thursday, August 30, 2012
Keeping Yourself Positive
The most important thing
you do for your success is to take control of the suggestive elements in your
environment. Be sure that what you are seeing and listening to is consistent
with the goals you want to achieve.
Listen Your Way to
Success
Listen to educational
audio programs in your car. The average person drives 12,000 to 25,000 miles
per year which works out to between 500 and 1,000 hours per year that the
average person spends in his or her car. You can become an expert in your field
by simply listening to educational audio programs as you drive from place to
place.
Take Courses in Your
Field
Attend seminars given by
experts in your field. Take additional courses and learn everything you
possibly can. Learn from the experts. Ask them questions, write them letters,
read their books, read their articles and listen to people with proven track
records in the area in which you want to be successful.
Get Around the Right
People
Associate only with
positive, success-oriented people. Get around winners. As we say, fly with the
eagles. You can't fly with the eagles if you keep scratching with the turkeys.
Get away from the go-nowhere types and above all, get away from negative
people. Get away from negative coworkers. If you've got a negative boss,
seriously consider changing jobs. Associating on a regular basis with negative
people is enough in itself to condemn you to a life of underachievement,
frustration and failure. Associate only with positive people. Get around
winners.
Visualize Your Goals
The last thing before
you sleep and the first thing in the morning, think about and visualize your
goals as realities. See your goal as though it already existed. Your
subconscious mind is only activated by affirmations and pictures that are
received in the present tense. See your goal vividly just before you go to
sleep. See yourself performing at your best. See the situations that you're
facing working out exactly the way you want them to.
Feed Yourself Mental
Pictures
See yourself living the
kind of life that you want to live. See yourself with the kind of
relationships, the kind of health, the kind of car, the kind of home you really
want. Visualize just before you fall asleep at night. The first thing you do
when you get up in the morning is to feed yourself mental pictures. Those are
the two times of the day when your subconscious mind is most receptive to new
programming, when you fall asleep and when you wake up.
Action Exercises
Here are two things you
can do, all day long, to keep your mind and emotions focused on your goals and
financial success:
First, listen to audio
programs in your car and when you travel around. Continue feeding your mind
with a stream of high-quality, educational, motivational material that moves
you toward your goal.
Second, resolve to
associate with positive, optimistic people most of the time. Get around winners
and get away from negative people who criticize, condemn and complain. This can
change your life as much as any other factor.
Wednesday, August 15, 2012
Motivational Leadership
Motivational
leadership is based on The Law of Indirect Effort. According to this law, most
things in life are achieved more easily by indirect means than they are by
direct means. You more easily become a leader to others by demonstrating that
you have the qualities of leadership than you do by ordering others to follow
your directions. Instead of trying to get people to emulate you, you
concentrate on living a life that is so admirable that others want to be like
you without your saying a word.
The Most Powerful
Motivational Leaders
Perhaps
the most powerful motivational leader is the person who practices what is
called "servant leadership." Confucius said, "He who would be
master must be servant of all." The person who sees himself or herself as
a servant to others and who does everything possible to help them perform at
their best is practicing the highest form of servant leadership.
The Leader of Today
Today's
leaders are the ones who ask questions, listen carefully, plan diligently, and
then build consensus among all those who are necessary for achieving the goals.
The leader does not try to do it all alone. The leader gets things done by
helping others do them.
Qualities of Leaders
The
following are important qualities of motivational leaders. These are qualities
that you already have to a certain degree and that you can develop further to
stand out from the people around you in a very short period of time.
Vision
The
first quality is vision. This is the only single quality that, more than
anything separates leaders from followers. Leaders have vision. Followers do
not. Leaders have the ability to stand back and see the big picture. Leaders
have developed the ability to fix their eyes on the horizon and see greater
possibilities.
Motivate Others
The
best way for you to motivate others is to be motivated yourself. The fastest
way to get others excited about a project is to get excited yourself. The way
to get others committed to achieving a goal or a result is to be totally
committed yourself. The way to build loyalty to your organization, and to other
people, is to be an example of loyalty in everything you say and do.
The Ability to Choose
One
requirement of leaders is the ability to choose an area of excellence. Just as
a good general chooses the terrain on which to do battle, an excellent leader
chooses the area in which he and others are going to do an outstanding job. The
commitment to excellence is one of the most powerful of all motivators. All
leaders who effect change in people and organizations are enthusiastic about
achieving excellence in a particular area.
Action Exercise
Try a
new attitude toward your employees; show up on Monday morning and be positive
and cheerful. If you are motivational, your attitude will rub off on your
employees and they will work more efficiently.
Wednesday, August 8, 2012
Business Success
Most
businesses started by inexperienced people fail. Probably the primary reason
why people don't start businesses is because they're afraid that they're going
to lose their money and for good reason. 99 percent of businesses started by
people lacking business experience fail within the first two or three years.
Why Businesses Fail
And why
is that? It's because they don't know how. They haven't the slightest idea how
to make a business successful. They may have an idea for a product or service,
but they don't know all the things that they need to know to run a successful
business.
Why Businesses Succeed
However,
surprisingly enough, 80 percent of businesses started by experienced
businesspeople succeed. Now why should this be so? The reason is because
experienced businesspeople know what to do. They know how to purchase their
products and their services. They know how to negotiate with their suppliers.
They know how to raise money. They know how to negotiate leases. They know how
to sell and to market. They know how to manage their finances. In other words,
experience is the key. In order to start your own business and succeed, you
have to learn how.
"How You Can Start, Build, Manage or
Turn Around Any Business"
The
basic truth is that most people who start or manage a business simply don't
have the skills needed to make their business profitable. It's not their fault.
They just haven't learned HOW to build a profitable business.
Control Your Costs
The reason
that businesses fail, 46 percent, is because of poor cost control. They may be
selling enough on the front end, but they're losing so much on the back end
that they go broke anyway. Sales and marketing, financing and cost control,
both require experience. And if you're serious about becoming financially
independent, you have to learn how to do both of these.
Put Luck On Your Side
You
must learn the skills you need to be successful. Business success is not a
matter of luck. Business success is a matter of application. It's a matter of
ability. It's a matter of experience and skill and intelligence, and
wonderfully enough, you can learn what you need to know to be successful.
And you
can start by learning through on-the-job training, which is called OJT. Most
successful businesspeople become successful because they get all their training
by working for someone else.
Action Exercises
Here
are two things you can do immediately to make sure that your business succeeds
greatly:
First,
take the time to get the knowledge and experience you need in business by
working for someone else where you can learn a lot in a short period of time.
Go to work in an area in which you are interested and learn everything you
possibly can.
Second,
read and study in business, especially entrepreneurial business, all the time.
Read one or two business books per week and read every business magazine that
is published on your subject. Never stop learning and growing.
Wednesday, August 1, 2012
Keeping Yourself Positive
The
most important thing you do for your success is to take control of the
suggestive elements in your environment. Be sure that what you are seeing and
listening to is consistent with the goals you want to achieve.
Listen Your Way to Success
Listen
to educational audio programs in your car. The average person drives 12,000 to
25,000 kilometers per year which works out to between 500 and 1,000 hours per
year that the average person spends in his or her car. You can become an expert
in your field by simply listening to educational audio programs as you drive
from place to place.
Take Courses in Your Field
Attend
seminars given by experts in your field. Take additional courses and learn
everything you possibly can. Learn from the experts. Ask them questions, write
them letters, read their books, read their articles and listen to people with
proven track records in the area in which you want to be successful.
Get Around the Right People
Associate
only with positive, success-oriented people. Get around winners. As we say, fly
with the eagles. You can't fly with the eagles if you keep scratching with the
turkeys. Get away from the go-nowhere types and above all, get away from
negative people. Get away from negative coworkers. If you've got a negative
boss, seriously consider changing jobs. Associating on a regular basis with
negative people is enough in itself to condemn you to a life of
underachievement, frustration and failure. Associate only with positive people.
Get around winners.
Visualize Your Goals
The
last thing before you sleep and the first thing in the morning, think about and
visualize your goals as realities. See your goal as though it already existed.
Your subconscious mind is only activated by affirmations and pictures that are
received in the present tense. See your goal vividly just before you go to
sleep. See yourself performing at your best. See the situations that you're
facing working out exactly the way you want them to.
Feed Yourself Mental Pictures
See
yourself living the kind of life that you want to live. See yourself with the
kind of relationships, the kind of health, the kind of car, the kind of home
you really want. Visualize just before you fall asleep at night. The first
thing you do when you get up in the morning is to feed yourself mental
pictures. Those are the two times of the day when your subconscious mind is
most receptive to new programming, when you fall asleep and when you wake up.
Action Exercises
Here
are two things you can do, all day long, to keep your mind and emotions focused
on your goals and financial success:
First,
listen to audio programs in your car and when you travel around. Continue
feeding your mind with a stream of high-quality, educational, motivational
material that moves you toward your goal.
Second,
resolve to associate with positive, optimistic people most of the time. Get
around winners and get away from negative people who criticize, condemn and
complain. This can change your life as much as any other factor.
Friday, July 27, 2012
Recession Selling 101
Sales
and profits down this year? Frustrated with the current economy?
Are
your customers coming up with more and more objections? Are they telling you
the price is too high, they're not ready to buy right now, want to think about
it, can't get the boss to approve it, or worst of all, "aren't
interested," when you know for a fact they need your product or service.
What's your plan?
Discover
how to sell more in this economy.
So how
can you ramp up sales in this tough economy?
Take
Action to Find Out What Works
I'm
amazed at the number of savvy business owners I talk to who complain about
their sales. They have the idea stuck in their heads that this recession is bad
and there is nothing they can do about it.
Nothing
could be further from the truth!
Did you know Bill Gates started Microsoft
during a recession?
Just because
money was tight, it didn't keep him from becoming the most dominant software
provider in the world. And he didn't accomplish this feat by blaming the
economy.
Recessions only come along once every ten
to twenty years and ones like this only happen every 50-70 years. And they
create huge opportunities for those quick enough to take action and use them to
grow their business. People like you!
Find
out how you, too, can profit from this economy.
Shift Your Selling Strategy
When I
first started out in business, I didn't know how to get past the common
objections that were killing too many sales. But then, when I went through my
first recession, I discovered one simple truth about selling.
I'll
tell you what it is in just a second, but let me ask you two questions first:
1) Who are prospects more likely to
believe; themselves, or you?
2) Who is better at closing the sale; the
prospect, or you?
The Truth About Selling In
Tough Times
The
simple truth about selling—and the secret to selling more—is that your
prospects are better at closing the sale than you are, if you lead them to it.
Once
you understand this and put this breakthrough technique into practice, you'll
close many more sales.
You can
increase sales with less effort and less expense!
Charlie
Cook's 'Insider Secrets to Eliminating
Obstacles to Sales' gives you the selling technique for tough times. I recommend
it whether you're just getting started or have been in business for decades.
You'll close many more sales and make more money in this economy.
Discover the fastest way to make more sales
and money.
Why is it so easy to increase sales when
the prospect does the selling instead of you?
Close More Sales By
Pre-Selling Your Prospects
The
ideal prospects have already heard about you and your products and services and
know that you're the expert to turn to. They've heard from people they trust
that your products and services work well, so they understand their value.
Prospects
like these arrive 'pre-sold' and ready to buy from you. Getting them to close
the deal becomes a foregone conclusion when you use this amazing selling
technique. The result? You'll close many more sales with a lot less effort.
Don't
you wish you could 'pre-sell' all your prospects? Instead of spending your time
countering objections from prospects, you could be talking to people who want
to buy. Discover how to structure your sales process, establish your
credibility, and clarify the value you provide so your prospects 'pre-sell'
themselves.
Ready to learn the secret to
pre-selling your prospects so you can grow your business?
Find
out how easy it is.
Eliminate Obstacles to Maximize Sales In
This Economy
If you
drive to work every morning, I don't have to remind you that it takes much
longer to get to work in rush hour traffic. Even a well-designed and well-built
freeway slows down to a mind-numbing crawl when it's overloaded with cars.
Your
prospects' objections are like the cars in that traffic jam, slowing down the
sales process. Eliminate those objections in advance, and you and your prospect
get to the sale in half the time.
Move
the obstacles off the road and clear the way for your prospects to buy. You'll
melt their resistance and sell more of your products and services—again and
again.
Discover how to increase
sales—now!
Want more sales and higher
profits?
Use
this technique to eliminate obstacles to the sale and 'pre-sell' your
prospects. You'll close more sales and make more money with less effort.
I've
persuaded Charlie to offer the first 99 copies of this business building system
for just $2.95 plus shipping so you can review it for 30 days and put it to the
test. Typically these get grabbed the first day, so don't wait.
Monday, July 23, 2012
Create Your Personal Brand
Just as
surely as building a powerful brand is the key to differentiating a product in
the marketplace and thus building a successful business, so creating a strong
personal brand is the key to differentiating yourself from your competitors,
thereby ensuring your own success as well as that of your business. Your
personal brand determines how people respond to you, whether they listen to
you, buy from you, how much they buy, what they are willing to pay, and so on.
Promises You Make
Your
personal brand makes a promise: “If you buy from me, you will receive a
specific value in return.” This promised value will be born from the values,
virtues, qualities, and attributes by which you become known. For example, you
may want to create a personal image—a brand—of a person who always operates at
a high level of integrity, consistently walks the talk, is an exemplary leader,
and goes the extra mile to ensure customer satisfaction. Who is your ideal
customer? What values, virtues, qualities, and attributes will he be looking
for in a supplier of your product? Do you match this profile? If not, do you
have a burning desire to be this kind of person? These are the key questions
you must ask yourself when beginning to build your personal brand.
"The Power of
Branding"
Your
company's brand or even your own personal brand is what separates you from your
competition. And it's what will get your customers to buy from you over and
over again.
Get
more sales, be promoted quickly and earn MORE money than ever before when you
spread the word about the best brand in town—YOURS!
Promises You Keep
Unmet
expectations are the arch enemy of any relationship. This is no less true in
the relationship between you and your customers. Your brand as a person is
determined in large part by whether you consistently deliver on your promises.
Do you keep your word? Do you follow up? Do your words and actions match with
the image you want to create—that is, with the values, virtues, qualities, and
attributes you claim as your own? Constantly examine your behavior. When you
slip, resolve to get back on track. To build and sustain a powerful personal
brand, your message must be an accurate reflection on you, the messenger.
The Whole Package
Pay
close attention to your entire image. Of course, your character is of paramount
importance. But you make an impact on people in other ways as well. Your
appearance—the clothes you wear, your personal grooming, your posture—has an
enormous emotional impact on how other people see you, think about you, and
relate to you. Your attitude is vital. If you are genuinely pleasant and
cheerful in your interaction with others, they will enjoy being with you. They
will be more inclined to trust you and do business with you.
Overall Behavior
Your
overall behavior strongly influences the impressions others have on you. Be
punctual for meetings and appointments. Be absolutely reliable, always keeping
your word and your commitments. Should you fail in this area, communicate with
the other person as quickly as possible, offering your apology, explanation,
and assurance that it will not happen again. Pay close attention to the quality
of your work. In the long run, there is nothing that will so determine your
success in building and sustaining a powerful personal brand as turning out
high-quality work, over and over again, and over a long period of time.
Action Exercise
What
words do people use when describing you? What words do you want people to use
when describing you?
Wednesday, July 18, 2012
Oprah Winfrey says....
QUOTE OF THE DAY
"I've come to believe that each of us has a personal calling that's as unique as a fingerprint--and that the best way to succeed is to discover what you love and then find a way to offer it to others in the form of service, working hard, and also allowing "
-- Oprah Winfrey, Talk Show Host
Tuesday, July 17, 2012
Three Skills to Improve Conversation
One key to becoming a great conversationalist is to pause before replying. A short pause, of three to five seconds, is a very classy thing to do in a conversation. When you pause, you accomplish three goals simultaneously.
The Benefits of Pausing
First, you avoid running the risk of interrupting if the other person is just catching his or her breath before continuing. Second, you show the other person that you are giving careful consideration to his or her words by not jumping in with your own comments at the earliest opportunity. The third benefit of pausing is that you will actually hear the other person better. His or her words will soak into a deeper level of your mind and you will understand what he or she is saying with greater clarity. By pausing, you mark yourself as a brilliant conversationalist.
Ask Questions
Another way to become a great conversationalist is to question for clarification. Never assume that you understand what the person is saying or trying to say. Instead, ask, "How do you mean, exactly?"
This is the most powerful question I've ever learned for controlling a conversation. It is almost impossible not to answer. When you ask, "How do you mean?" the other person cannot stop himself or herself from answering more extensively. You can then follow up with other open-ended questions and keep the conversation rolling along.
Paraphrase the Speaker's WordsThe third way to become a great conversationalist is to paraphrase the speaker's words in your own words. After you've nodded and smiled, you can then say, "Let me see if I've got this right. What you're saying is . . ."
Demonstrate Attentiveness
By paraphrasing the speaker's words, you demonstrate in no uncertain terms that you are genuinely paying attention and making every effort to understand his or her thoughts or feelings. And the wonderful thing is, when you practice effective listening, other people will begin to find you fascinating. They will want to be around you. They will feel relaxed and happy in your presence.
Listening Builds Trust
The reason why listening is such a powerful tool in developing the art and skill of conversation is because listening builds trust. The more you listen to another person, the more he or she trusts you and believes in you.
Listening also builds self-esteem. When you listen attentively to another person, his or her self-esteem will naturally increase.
Listening Develops Discipline
Finally, listening builds self-discipline in the listener. Because your mind can process words at 500-600 words per minute, and we can only talk at about 150 words per minute, it takes a real effort to keep your attention focused on another person?s words. If you do not practice self-discipline in conversation, your mind will wander in a hundred different directions. The more you work at paying close attention to what the other person is saying, the more self-disciplined you will become. In other words, by learning to listen well, you actually develop your own character and your own personality.
Action Exercises
Here are two things you can do immediately to put these ideas into action.
First, make a habit of pausing before replying in any conversation or discussion. You will be amazed at how powerful this technique really is.
Second, continually ask, "How do you mean?" in response to anything that is not perfectly clear. This gives you even more time to listen well.
Subscribe to:
Posts (Atom)