Sales methods for the new decade

According to Jeffrey Gitomer, as reported in WA Business News on 7 Oct 2010 p26, ‘The old ways don’t work any more’.

Personally, I don’t think the ‘accepted’ old ways ever did work.  But he does have an interesting list of suggestions for succeeding in sales from now on, particularly with the advent of ‘social media’.

You can read what he has to say about sales methods for the new decade and/or watch his video clip below.

How to prevent a customer service crisis

Portrait of Ken BlanchardKen Blanchard, as reported in an interview on www.mycustomer.com, explains where firms are going wrong with their customer service strategies – and how to solve these issues.
When Ken Blanchard’s influential book Raving Fans hit the shelves back in 1993, the internet was still very much in its nascent stages. While the business management guru’s book sermonised on the kind of service excellence that turns a customer into a lifetime customer and advocate of your products or services, few would have guessed that its message would take on even great significance as the internet evolved. Even Blanchard admits that he has been taken by surprise by the power of the internet as it has matured into Web 2.0.
“Raving fans are people who are so blown away, so amazed by the way that you have dealt with them that they want to brag about you. The research originally said that if you had a raving fan experience you would tell 20 other people. Nowadays you can tell thousands of people!” he says.
“The reason Obama won the last election was because Hillary Clinton and McCain were running 1990s campaigns and he was running a 2010 campaign and he was using social media. So it is an exciting time. And you can really create raving fans online now and it is important.”
But while the benefits of raving fans may be greater than ever, thanks to the advocate accelerant of social media, the process of creating fans remains very much the same as when Raving Fans was first written, according to Blanchard, who suggests there are three steps to this level of engagement. Read more of this post

Seven elements of a sound strategy

Strategy is the primary focus of CEO’s worldwide, according to worldwide research of over 3,000 respondents conducted by Verne Harnish, as reported in WA Business News on 16 Sep 2010 p20.

But how to form a comprehensive strategy that is also coherent and simple enough to use?  Harnish suggests 7 elements that must be included in any strategy.  Are they in your strategy?  Read SevenStrategyStrata to find out.  Then post your own comments here.

Moments of truth are your brand

Are you satisfied with the number of clients you have? How often do they return for repeat business? Do you make it easy and enjoyable for them to do business with you?

All of these, and many others, result from the ‘moments of truth’ in your business. They create lasting impressions that determine whether or not you will turn the most sceptical client into your company’s biggest advocate.

So, what is a moment of truth?

It’s a sliver of time when clients or prospects interact with you and your business and decide whether or not to do business with you, to share you with their network, or to use your products/services again and again.

Jan Carlzon, in his book, Moments of Truth, defines them as “anytime a customer comes into contact with any aspect of a business, however remote, [as] an opportunity to form an impression.”

By strengthening the moments of truth in your business, you can accelerate your business’ growth to ensure your clients remain and continue up the ‘trust ladder’.  The result is an increase in client acquisition, retention, and sales.

As a business owner, you want to be aware of common moments of truth, such as:

Read more of this post

How to calculate hiring costs

It’s common knowledge that hiring is costly, and having to re-hire even costlier.  This is confirmed in a recent article published in BRW 2-8 Sep 2010 p15 entitled Huge cost of a bad choice which estimates the cost of an all too familiar situation and offers common causes.

To make a more detailed and accurate calculation of actual costs for a role or roles within your own organisation, go to the Replacement Costs Calculator at www.SalesRecruiters.com.au if you dare!

Modern science of applied market segmentation

Treating different people differently is the ‘universal’ truth of success in marketing, sales and service.  Are you still trying to treat everyone the same?  The result will be average customers experiencing average satisfaction, which means they won’t be your customers for very long.

Watch the video below for an insightful and entertaining discourse on the science of variability and how it applies to happiness for your customers.

Are you keeping up with changes in selling practices?

Here’s a list of changes that have taken place in the last 5 years that will affect your sales in the current decade, according to Jeffrey Gitomer, as reported in WA Business News, 19 Aug 2010, p26.  Read the list at TheSalesWorldIsChanging-AreYou and make sure that you and your sales team are prepared.

Manager to Director in 5 not so easy steps

Emerging directors have an important role to play.  They need to show good judgement, balance, diplomacy, business experience and skills, and an understanding of basic motivation psychology.  But above all, they need to show exceptional skill in the five key components outlined by Daniel Goleman in Emotional Intelligence, as reported in Company Director, Aug 201o, pp 52-53.  Read ManagerToDirector.

Applying the science of motivation to achieve employee engagement

Are you still applying 2oth century techniques of ‘carrot and stick management’ to incentivize your workforce?  The evidence is clear that there is a mismatch between what science knows and what management does, and this disconnect persists, causing managers to mis-manage many jobs and personnel to the detriment of all stakeholders.  This is not news; it’s just not practiced.  View the video to make sure you’re not still stuck in the 20th century.

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