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How To Sell A Presentation by Topeka SCORE
This presentation can be found on-line at: Introductions By Gary
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Presented by Russ Connor – SCORE Chair
Tell Us About Yourself Presented by Russ Connor – SCORE Chair Born & raised in NY B.S. – Clarkson University Distribution Management – Boston, MA Distribution Manager – Frito-Lay Business Owner – 10 years Business Consultant – 3 years Director IT – 10 years Retired
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Topeka SCORE Serving: NE Kansas Office: 120 SE 6th, Topeka, KS Website: Contact: Russ Connor, Chapter Chair Mentors: Certified mentors to help you
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Our services include: Round Table discussions 1st Saturday every month at 8 AM Washburn Institute of Technology, 5724 SW Huntoon Mentoring Face-to face Via Workshops for success
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SCORE Mentors: We Volunteer to Help You
Topeka SCORE mentors have successfully managed businesses large and small SCORE Provides Experienced Coaching: Sound business planning Product and service review Financial insights Marketing and promotions Resource planning On line webinars at score.org
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A Reminder: Partners for Success
Attorney Banker Insurance Agent Accountant Mentor
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Marketing You have developed a great marketing plan using social media, a great website, and other advertising and now customers are coming to you like crazy! Is that enough?
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You must have a plan to convert these potential customers into buyers
You must have a plan to convert these potential customers into buyers! It’s called knowing how to sell. And remember, people want to be sold!
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He is natural-born salesman!
Salesmanship He is natural-born salesman! Use personality as example
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Salesmanship The true champion salesperson is someone who understands and does the basic principles of selling well
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A Champion Salesperson
My definition of a good salesman: Someone who helps get the customer what he wants and what he needs, when he needs it. A Great Salesperson Gains trust of the buyer Shows empathy and concern for the buyer Listens to the buyer and shows concern Has the ability to ask the right questions
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Hopkin’s Seven Basic Steps
Prospecting Making original contact Qualification Presentation Objection Handling Closing the Sale Referrals
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Sales Prospecting Sales is a Numbers Game
Selling is a lot about the numbers How many calls did you make? How many appointments did you set? How many deals did you close? What was your average dollar per sale? Did you meet your goals? IPA: 40,000C/8,500A/358L/148G Every “no” is a step closer to a “yes” IPA 250 Calls, 25 Appts, 5 Analyses, 1 Job
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Finding Prospects Referrals Join trade associations
Community involvement Cold Calling Hand out business cards Advertising An effective website Social Media
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Steps to a Sale The First Impression Earn the customer’s trust
Determine what the customer wants & needs Demonstrate/explain your product (educate) Ask for questions, search for objections Prepare customer for the CLOSE Close The Sale After the Sale
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The Initial Impression
Dress professionally for your business Do not prejudge potential customers (..) Get to know your customer and earn their trust Qualify Your Lead Establish that your prospect is the decision maker Example of North Couple wanting a pool Often, husband and wife Don’t waste too much time if not qualified
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Earn the Customer’s Trust
Show an interest in the customer Do not move on until you have their trust Wants and Needs Focus on their needs and wants not yours Example of a 1 hour warmup Look around for likes (office, home) Don’t bad mouth competition – sometimes the competition is not what you think!
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The Presentation Again, focus on the customer’s wants & needs
Tell them what you’re going to tell them Summarize what you told them The presentation is nothing more than the preparation for the close! Control the client with constant questions Finish with the customer saying yes to your product Again, its not what you want its what the customer wants/needs The uh’s example
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Customer Objections Oh my gosh, the customer has raised an objection
Isn’t this great, the customer has not objected to anything in my presentation!
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Customer Objections The lack of objections from the potential customer likely means they are no longer interested. So, either get objections or verify that the customer is completely satisfied.
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Customer Objections The objection is your friend!
The objection is a request for more information Objections can be a way for people to slow things down Listen to the objection and have them elaborate Answer the objection Confirm that the objection is handled Handling objections properly can show that you can help the prospect make a logical decision! Always acknowledge the objection and show empathy
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Closing the Sale If you have done everything properly, the Close is the easiest part of the Sale! Closing can happen at any time. One can actually unsell a customer.
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Closing the Sale Prepare for the Close:
Have prospect verify they can trust you to make it happen Have the prospect agree that the product is what they want Ask the prospect to keep an open mind Present the price proposal Ask for the sale (Indirectly or Directly) Handle additional objections Ask again for the Sale! Price = Total Investment Focus on monthly payment Cost versus time example
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Closing the Sale: Additional Notes
You submitted your proposal/price. What next? Wait! Handle any other objections The customer objects to the price / invoice. Smile, it is worth it, right? Invoice of $20K, smile be confident
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Closing the Sale: Additional Notes
When is the best time that we can deliver the product? Always close with confidence. Whenever you ask a closing question, shut up. The 1st person to speak loses.
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“ I want to think it over”
Agree, but confirm that they are truly interested Do you have any concerns about my company? Do you have any concerns about me? Do you have any concerns about my product? Then your only concern is the price?
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After the Sale Thank them for their business
Provide sincere promise to make sure it happens Ask for referrals Final Note: Beware the Customer From Hell Are you sure? Avoid the cancellation Example Dr
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Pricing If you have earned the customer’s trust, and
You have established that your product / service is of top quality, and You can show that your company will take care of them after the sale, then Price is usually the least important factor My convention and the results
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Another Lesson: Sales More Sales More Profitability
Higher Prices = Less Sales
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Take the Next Step! Request a SCORE Mentor
Russ Connor
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Thanks for Coming! I hope we have been of some help
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