| The Playbook!
The Gameplan for Winners! |
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| Your Gameplan for Success! |
June 16,2009 |
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Greetings!
Where did the month of May go? Wow, I did two newsletters in April and the month of May was crazy busy for me.. there was KBIS, then a trip to visit some German cabinet companies, kids home from school... Suddenly here we are in mid June!
It is the time of year to have fun and enjoy the summer heat! You may need a good book to read on the beach. I recommend Jay Abrahams new book The Sticking Point Solution. He has a section called "Consultative Selling" and I thought to myself, man, I have been preaching that for years! No matter what you call it, the principle is simple and yet surpisingly hard to get into your Kitchen and Bath sales DNA.
Enjoy this issue and after you read the lead article notice your words during your next presentation. Notice what you are saying and how you are saying it. If you find yourself suffering from "Premature Presentation" Call the doctor (me!) and I will coach you into a much better performance.
Please share this newsletter by forwarding it to a colleague or associate that you know. Thank you.
Have a profitable month! Robert Foltz, CKD 954 683-2565
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Consultative Selling or Socratic Method Call it what you want
This method of listening and asking easily answered questions will double your sales and you will have more fun!
Those of you who are regular readers of my newsletters may remember my series on "Socratic Selling" a couple of years ago. Jay Abraham just came out with a great new book called The Sticking Point Solution. In it he talks about "Consultative Selling" and his discussion made me want to revisit this topic again with you. Consultative Selling is not just another sales method it is more like a philosophy or thought process that you need to practice until it takes root in your DNA, or Sales Soul!
As I have practiced and learned this method myself I have become more and more aware of how few salepeople understand consultative selling. Yesterday, someone on LinkedIn was whining about how his prospects are getting too many competitive bids and taking too long to write checks. I thought to myself, "perhaps, those prospects felt they were not being listened to, just being shown product, product, product." The old phrase..."Our cabinets are the best, look at this wonderful finish!" means very little to your prospect.
Prospects have three concerns when they call or walk into your businesses.
- They absolutely do not want to make the wrong decision!
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They want someone who they trust to guide them in product selection.
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T hey do not want to be "sold" anything! They want someone to understand their fears about their project!
Let me ask you a question. Answer honestly, as it is only between you and this newsletter. How long after you begin a phone call or visit with a prospect does it take before you start droning on about your wonderful product or process? Five minutes, Two minutes? When I do my free intitial phone call with prospective clients, it is usually about 3 minutes! Now relax, this is normal and how we were taught. I have written extensively about how our industry is product oriented. Many of you have heard me say "all cabinets hold your dishes". When I started in this business, qualifying meant three questions; Are you building or remodeling?, Are you more traditional or contemporary in your style preferences? Do you like maple, cherry or a painted look for your cabinetry? In those days, it took me all of 5 minutes to find out all I needed to know to close the deal. Would you be surprised if I told you my closing rate was about 30% back then?
If you would like to get your closing rate to 75-85% then remember this - the only thing your prospect is interested in is his or her project!
- Begin your conversations with your prospect with lines like: " I am happy to answer any of your questions you have;however, may I ask you a couple of questions so that I can get your perspective for your project? "
- Listen to what the prospect is telling you by taking notes. This tells the prospect that you are interested in their thoughts and fears about the process.
- Your job is to educate them during the question and answer process by asking them things they do not even know to ask. Your prospect will learn more if you ask easily answered questions instead of lecturing them. You will have better luck getting the prospect to come to the conclusion you want by themselves. For example: "Why are you contemplating the kitchen remodel now?" Or ""How have you done projects on your home before and was the experience a good one?". These questions get the prospect to open up on what they are thinking and make it easier to direct the next step.
- Respect Time & Authority is a point that I cannot make strongly enough. The prospect is the King here, not you and all your knowledge and beautiful showroom. They are the head, you are the neck and tell the head which way to turn. (Thank you, My Big Fat Greek Wedding). By respecting time and authority you learn to always ask permission to present. Here is an example of a good entry, " You have told me that you are afraid of being delayed once the project started, like you were with the master bathroom project right?" If it is ok with you, I would like to share with you how we avoid those very serious situations and earn a high customer satisfaction and referral rating from our clients. What is so beautiful about that approach is that you are not presenting without permission. They want to hear it and you have respected them by asking.
- This is a an easy, fun way to sell. You GENUINELY get to know your prospects because you are taking the time to find out about them and the project in a gentle, non-evasive way that is pleasing to them. They walk away from the first meeting saying this meeting has been about us! Trust and good will are developing and they do not feel like they are being "sold".
When I walk into your business as a manufacturer's rep selling cabinets, decorative hardware and other products that, you, the dealer, already have - you get to experience the other side of this sales technique. Let's say I go into your business running my mouth about how great my product is and how my competition has nothing on me because they are smaller or whatever... what do you think you might say to me?.....Thats right, don't let the door hit you on the way out! However, if I simply ask questions that are easily answered to find out if there is a market niche or problem that I can solve with one of my strategies (and I rarely talk about my product without attaching a "strategy" to it) you will probably be a lot more receptive to me. Why, because you probably have all of the product you need, what is missing are strategies that make you more money!
If you are ready to take your sales game to the next level where you will have no trouble collecting a design deposit on the first or second visit and have more than enough business on the books then give me a call and I will be happy to work with you. Consultative Selling is easy, conversational and you are the consultant on the project, not the salesman and that is FUN! This method of thinking requires practice and more practice. If you want to take advantage of my free introductory phone call please feel free to email me or call me to schedule a time that is convenient to you. Introductory Phone call information
Robert Foltz, CKD
Kitchen Sales Coach
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Not Your Father's Kitchen & Bath Business!
or The Times They Are a'Changing...
LinkedIn, Facebook, Twitter, Blogs, Interactive Websites! These are tools to market your kitchen business in a way that your father only dreamed about! Your father had to pay middlemen to reach his prospects...you can find them and talk to them one on one! Your father paid lots of money to the Yellow Pages and bought slick full page ads in those beautiful magazines in order to be seen by his clientele. Now, you can put yourself directly in front of your customers with technology that maximizes your pennies.
Just a couple of years ago you were ahead of the curve if your business had it's own website. Today, you need more than a page or two with a few pictures, your website needs to be interactive. Designers need several websites, a blog site and they need to understand and use LinkedIn, Twitter and Facebook to drive traffic to their websites. Traffic to your website is increased by SEO (Search Engine Optimization) coding on your pages that makes your name pop up on page one when prospective clients search for designers in their area. Money spent on SEO optimization is much more effective than paying per click- (sorry Google, waste of time and money, in my opinion).
I am going to highlight a couple of designers blogs, and websites that I think are on today's cutting edge. Follow the links below to introduce yourself to websites that are examples of where you should spend your advertising dollars today. Be conservative with your money and do not spend it on yesterday's news with a run of the mill, average website or magazines that no one reads anymore.
I like this website, because it is easy to navigate and tells a good story.
Advanced Kitchens Website Notice how they show off their awards and how they give a prospect an immediate professional reaction. You can see he has a blog on the site as well. Prospects can interact with him, and he can post his thoughts to potential prospects. I am taking notes for my own website, well done Ed.
A couple of designer blogs that I enjoy are; Kitchen Ann's Blog Site , Jaime Goldbergs Blog Site & Design Ties Blog These designers really work hard at updating their blogs. You see how they give the potential client an idea of who they are and hiring before the client even makes a phone call? Or if they do call, the designer can direct the client to the blog site to get a feel for the designer's attitude and perspective on design to see if it fits their parameters.
Sites like Facebook,Twitter and LinkedIn allow people to find you through other social connections and your list of "followers" will grow. When you post to these sites all of your followers see you and if they like your post or comments, then they go to your website and blog. This type of connection is invaluable, I find people I never would have found without Twitter and I follow them because I like their posts, etc.
On Twitter everyone lists their favorite websites, or design ideas and it is so easy to follow these connections and make amazing discoveries. Often you can get great ideas to incorporate into your designs. New ideas can travel incredibly fast so you no longer have to wait until the next industry show to see a producer's lastest concept designs. For example, I ran across a new App (application) for my iPhone that allows me to match colors to Benjamin Moore Paints, by taking a picture of the color I want with my iPhone. It is way cool. I found out about the Apps on the day they were released because another follower on Twitter, "Tweeted" about them.
On LinkedIn you can post a question about your business in one of the many groups, such as National Kitchen & Bath Association or Kitchen & Bath Dealers Network and get feedback from others in our industry. The comments are great and you can pick and choose from the great ideas that fit your particular needs. You might even (heaven forbid!) learn something new.
Putting an ad in the traditional magazines, Yellow Pages, Newspapers and other media are no longer the highest and best use of your marketing dollars. For better, or worse, the "New Media" is here to stay and if you want to thrive in the Kitchen and Bath business you will need to get on board. The world is changing faster than ever before, but the beauty is that you can now reach your target audience directly, in the comfort of their own home and reach them at the moment they are ready to make a decision.
I caution you too, that if you try to do all of the web design, blogging, Twittering, LinkedIn posts, etc. yourself, you will find it hard to get anything else done. These sites are great time suckers and before you know it you will have spent a whole afternoon following links when you needed to get a kitchen design on the boards.
My advice is this: get a good webmaster to work with and try to limit yourself to one or two hours every couple of days. The more you post the better your return will be. I am running out of time now, I have to go "Tweet". I hope you follow me there!
Have a profitable month!
Robert Foltz, CKD
Kitchen Sales Coach |
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954 683-2565
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