Just one month into 2020 and we already know that 50% of the sales force isn’t going to make their sales objectives for the year.
In fact, that number has been on the decline for the last 5 years, and one likely reason is that what customers are buying and what you are selling are not aligned.
Here are Scott’s top 3 tips that you can implement now so that you meet your sales objectives in 2020:
Get feedback from your team
Make sure you have 2 whys
Give the customer a vision of the future
Find out more on why these three things are so important to the success of your sales objectives here:
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“The best sellers are the people who make the product,” said my son as we were walking out of a store in a quaint town in Los Cabos, Mexico.
It was an interesting comment made after I had just purchased a pair of earrings for my wife in a jewelry boutique. The buying experience turned out to be an interesting “Goldilocks and the Three Bears” sales story, or in our case, the “Tourist and the Four Brothers.”
A few nights prior, after enjoying dinner in town, we walked the streets visiting local shops. The first jewelry store we visited was run by one of four brothers, all jewelry designers who had followed their father into the business. Each brother had their own style, which was reflected in their jewelry, shop decor and personalities.
The first brother’s store was white and teal, very similar to Tiffany’s. The display cases were decorated with high-end tequila bottles sprinkled among the jewelry, which immediately caught my eye. My wife, perusing the counters, settled in an area with rings while I chatted with the clerk behind the counter about the family and their business.
In working with my wife the sales person failed to realize that he wasn’t selling to a naive tourist but rather a very knowledgeable buyer who at one point in her career had managed a jewelry department for a high end retailer. A mistake often made by sales people who fail to do research on their potential buyers. As he pitched her on a ring she had intentionally requested to see, he failed to notice she was wearing one similar.
When buyers are in an unfamiliar environment, like we were, they will seek to find a frame of reference or an “anchor.” Something that they can connect to their knowledge base to aid in decision making. Being new to the store, and pricing in pesos, my wife “anchored” on a familiar ring. Trying on the ring she was able to assess that it was roughly twice the price and half the weight as hers. Now that she had a reference point, she determined that the store markup was about twice that of a US store.
The second brother’s store was bigger and had a vast selection of jewelry (and no tequila). The clerk, a niece of the designer, greeted us and carried around her calculator while following us around the store. A not so subtle message that she was ready to make a deal.
My wife found an area of rings and picked one out. As she asked questions, the store clerk mentioned they were having a promotion. She then tried to discount to close the deal which kept falling as we were walking towards the door. By the time we left, the price had fallen 40%, with an offer to call her Uncle to get maybe an even better price.
The last store we visited was white, simple and elegant. It didn’t contain a lot of inventory, in fact, one of the display cases was completely empty. The person working behind the desk was not a sales clerk, but an assistant designer who introduced us to the youngest brother in the family and owner of the store. He was the designer and told us about his creations apologizing for the lack of inventory.
We talked about his life, his education in London, and the fact that he didn’t want to get into the family business, but his love of designing drew him in. His real passion was designing furniture which he hoped to start retailing soon.
My wife found a pair of earrings and tried them on. As she did he explained the process used to give the silver hoops their shimmer along with the details about the gems used to enhance them. He brought over other silver earrings and pointed out the differences in the design process.
Deciding to purchase the earrings, we asked if they had a “promotion.” He said that Visa or Mastercard were offering a 10% discount on a purchase. The card companies, not him, offered the promotion.
As we were paying, I noticed a unique bottle of tequila sitting behind the desk. A dark blue bottle with carved symbols of the tequila making process along with the history of the Los Cabos area. He said it appealed to him “because as a designer” he appreciated the craftsmanship of the bottle. I loved the story (and the taste) of the tequila and he offered to connect me with the owner who lived locally to secure a bottle.
The first store tried to position itself as the Mexican version of Tiffany’s. The problem was, we had no prior exposure to the brand, so the brand promise and value were empty. The second store offered choice and price but made us question it’s authenticity and quality. (Given the amount of products offered we suspected the owner couldn’t have designed everything, and the discount made us question if the stone used in the ring was natural or man made.)
Later that night, I got a text from the store owner where we made our purchase, sharing the price and location to pick up the tequila. He didn’t have to follow up with me after we made the purchase but he did. It wasn’t an empty promise made to close the deal which happens far too often, but a genuine gesture.
In the end, my wife received a piece of jewelry she loves and I got a unique bottle of tequila but what we really bought, was the owner of the store. For the 20 minutes we spent in the store, a connection and relationship were formed through storytelling. It was both authentic and passionate, building a foundation of trust.
The experience made me reflect on the effectiveness of our sales and marketing efforts. What if we could train our sales people to act like “owners” or “designers” of the product; how might that impact their success? That question prompted another one which was, how many sales people ever receive training by the product group, or really know or understand the story behind the product or service they sell.
We can’t give the passion that comes with the pride in ownership, but we can train them to be storytellers, because as we experienced, buyers don’t buy from you, they buy into you.
As for the fourth brother, his store never opened. Guess it’s true, showing up is half the battle.
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by Katie Weisz Estimated read time: Less than 1 minute
Last month, our CEO Scott Gillum was invited to attend the UT Dallas Sales Leadership Summit as a keynote in a debate with Chris Beall, CEO of ConnectAndSell,Inc.
Scott and Chris discussed topics such as “is digital marketing more effective than SDR?”, Chris’s thinking behind “market dominance”, with a lively rebuttal from Scott, and when sales should get involved in the ‘funnel’ with a customer.
In this clip, an attendee poses the question, “How does the environment and relationship change as the complexity of the solution that you are selling increases?”
Listen in here for both Scott and Chris’ responses:
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During this interview, Scott and Brent dove into the top three things sales and marketers should be thinking about for Fall and their 2020 budget.
Listen in as Brent dives into what he believes are the most important things to be focusing on when it comes to sales, marketing, and the customer experience in the buying process right now.
by Katie Weisz Estimated read time: Less than 1 minute
The conversation of “Do we really need outbound sales anymore?” continued with another lively interview, this time featuring special guest, Brent Adamson. Brent is a distinguished VP at Gartner, and a published author with a lot to say about the case between sales and marketing.
In the interview, CEO, Scott Gillum, and Brent unpack the idea of Challenger, debunking it as a “sales methodology”, and how both sales and marketing should be co-owning the process of the customer and buyer experience.
Brent also shares three very distinctive approaches (giving, telling, and sense-making) that sales reps are adopting towards information in order to connect with potential customers and buyers.
In this clip, Brent dives into the topic of “the world is crowded with good information.” In sales and marketing, the customer is now surrounded by good, quality information, which is having an impact on their decision making and buying process.
Listen here:
To hear the interview with Brent, listen or download here.
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Let us know what you think. Are outbound sales dead? Do leaders use technology as a ‘silver bullet’ to try and fix sales, marketing, and the customer experience?
It’s not unusual to find companies referring to their relationship with clients as “partnerships.” It’s common to find client logos on vendor websites. But how often do you see an agency or consulting firm’s logo on client websites? If you visit www.evepark.ca – that’s exactly what you’ll see.
Carbon Design, represented side by side with, a global architecture powerhouse, a world-class designer, and the project principal: the innovative green-tech engineering firm, S2E Technologies Inc. Under S2E’s leadership, these firms are inventing a new consumer category – one that integrates bold new ideas about housing and transportation – and radically resets the carbon footprint of both at the same time.
CASE STUDY
Did you know, that until recently restaurant owners only cared about the cleanliness of the food prep area? Most customers, and owners, assumed that if someone got sick after dining out it was because of food poisoning. That was until Carbon Design and Challenger Inc. helped “challenge” the norm by showing owners that half of the outbreaks in a restaurant were caused by people to people transmissions.
Now owners know where the “hotspots” are, and as a result, restaurant are cleaner than ever. Grab your face mask and enjoy a safe night out, but you may want to avoid the raw oysters 😉.
CASE STUDY
How do you do it? By giving clients and users what they want. Using the remaining budget that was to be used to update the site with the new branding we designed and built an entirely new site on a new platform. But audience needs are constantly evolving so the work never stops. Our team continues to audit performance and make improvements.
As a result, the two-year journey has paid off with the site being named #1 in the industry. Even more importantly, their key priority areas (site search, attorney profiles, etc.) were ranked in the outstanding category. Proving that excellence is a journey not just a destination.