Select Page

Communities

Widgetized Area

This panel is active and ready for you to add some widgets via the WP Admin

PROSPECTING

Antonio Garrido is President and Founder of Absolute Sales Development – Miami’s own Sandler Sales Training organization that provides companies of all sizes with superior business-growth training. Visit: www.absolute.sandler.com or contact: (786)-527 0277
Twitter: @SandlerASDMiami

The TACTIC: Why did you ever consider us?
The STORY:
“So,” continued Melinda on the phone, “would it be fair to say that it’s over.”
“I think so,” respond Beth. “But I want you to know that I really appreciate the fact you’ve been so diligent in getting back to me the past month.”
“This may sound like a dumb thing to ask, but I just want to be clear… ” she waited for a response.
“Go ahead, it probably isn’t dumb.”
“You and I are not going to do any business, correct?”
“Not now,” said Beth, “but in the future we will definitely consider you again.”
“Understand. Can I ask you one more dumb question?”
“Sure.”
“Knowing that we aren’t going to do business, why did you ever consider us?”
Melinda planned on waiting for a response however long it took. It took a good 15 seconds. “Well, I don’t think I ever told you why I called to begin with … you were recommended by John Tate over at Carner Corporation. He couldn’t say enough about you.”
“That’s interesting; I’ll have to thank him. But now there’s a problem … maybe you could suggest how I deal with it.”
“What’s that?”
“Well, this is kind of embarrassing for me … I’m going to call John, thank him, and then he’s probably going to ask me what happened. What do I tell him?”
Another 15 seconds of silence ensued. “Well, it seemed that we needed better terms with your company than you could give; I don’t suppose you could help us out with that.”
“By better terms, you mean… ”
“Well, on the large orders like we talked about, if somehow we could have… ”
The RESULT:
Melinda turned this “no” decision into a situation where the prospect is reconsidering. In addition, she learned that the payment plan had to be more flexible. Whether this prospect can be accommodated is something Melinda’s company will have to decide. Melinda turned a “no” into a “Let’s work on it.”
DISCUSSION;
Why do many salespeople bailout when a prospect says that the sale is not going to happen?
One reason is that many salespeople expect, before the call is even made, that the prospect will end it. “I call any 10 prospects and nine of them are a waste of time. Nine times out of 10 I lose.”
So they gear themselves up to not succeed. They expect not to succeed. It’s now a lot easier, when the call is headed toward “no interest,” to give up. They know what the prospect is going to say, and they know what they are going to say. Both are following the “no interest” script.
Both are comfortable in their respective roles.
Is there any reason why salespeople should act out their role in the script that leads them to give up? Why can’t a salesperson rewrite the script?
Because the original script is the way it is? Because that’s what you’ve been doing in the past? Because it’s easier to give up than try something different? Because that’s what the prospect expects you to do and who are you to disappoint the prospect?
None of these reasons seem valid, especially if the salesperson wants to go to the bank. Who should make the decision to end it? The prospect or the salesperson? If you let the prospect make it, you bailed out, and worst of all, you know that if you make the decision to end it, you leave without any doubts in your mind. That’s a much healthier mental attitude to go away with.
APPROACH:
If the prospect figures that the pressure for her to make a buying decision is over, just about any question you ask her at that point will be answered. Once she makes that “no” decision, she’s relieved. Once you seem to accept the “no” decision, she’s even more relieved. “Thank God that’s over with.”
Yes, it may be over. No matter what you do now, you won’t make the sale. But you need to try one last time so that the “end it” decision is yours.
“Why did you ever consider us?” you ask.
As you saw in the story, the prospect began reciting all of the reasons why she should be doing business with the salesperson. Isn’t that what you want?
THOUGHT:
You have nothing to lose by asking a prospect, who has told you “No, thanks,” to give you one more chance to get back in and do business.

Sandler Training is a global training organization with nearly 50 years of top-flight training experience. Sandler Training provides training and consulting services for small-to-medium-sized businesses, as well as corporate training for Fortune 1000 companies. With over 250 offices located throughout the USA alone, Sandler’s goal is to help clients initiate substantive, measurable and sustainable growth.

Read More

A look inside – The iWatch from Apple

 

The Apple iWatch is a smartwatch that operates as a wearable computing device that acts as a smartphone. 4.2 million iWatches were sold in the second quarter of fiscal 2015. It is also known simply as the Apple Watch. This innovative watch has apps that allow you to summon Siri, read email, receive Twitter and Facebook notifications, track your heart rate and more, all without touching your smartphone. It comes in a variety of different colors and styles that make it easy to use at a business meeting, jogging, running errands and everything else in your daily life.
Pros

It works in conjunction with the iPhone
Improves your experience with Apple’s smart TV
Huge Appstore with more than 100,000 apps specifically created for the iWatch
Wide range of features available
Contains a warning system to make you fitter
Alerts you when you have been sitting in one place for more than two hours
Capability of replacing your car keys
Capability to allow you to start and stop your car engine, adjust the music, operate the headlights and more
You can customize notifications
Can be used as a Fashion accessory

Cons

Requires daily charging of the battery
You have to lock into the Apple’s ecosystem
You need to pay for most apps

Noticeably the cons list is shorter than the pros list. It is up to the consumer to decide if the iWatch is a beneficial tool for their lifestyle. To shed some light let’s consider a variety of lifestyles.

Business Person – Business owners and those who work for companies that require them to spend more time at work than at home will find the iWatch useful. First the convenience of the watch is highly beneficial. Usually, business men and women have busy schedules and they forget to eat right and exercise. There are apps that will track your heart rate, remind you to exercise and basically keep an eye on your health while you are busy taking care of business.
Stay at Home Parents – Parents that stay at home with their children and care for the home on a daily basis have an extremely busy schedule that requires them to accomplish a variety of tasks quickly. You can make phone calls, map out a daily schedule, set reminders and always have the iWatch with you at all times while still allowing your hands to remain free.

Consumers will soon realize that the iWatch is much more than a cool accessory, it will actually make your life easier. You can visit an Apple store to get a closer look at the iWatch and learn more about the features. While the cost ranges from $399 to more than $699, it will be well worth it if it keeps you healthy, reminds you to take care of yourself, keeps you on track with your daily schedule and overall improves your lifestyle.

Read More

We all leave a legacy

By Armando Trabanco, Banking Executive.
As professionals, we are under constant pressure to perform and yield results.  We try and make the most of everyday, at times putting in 12 hours in what should be an 8 hour work day. We go from issue to issue efficiently, never understanding how our actions are affecting our teams and what they are learning from those actions. More importantly we never fully understand how we impact the young professionals in our companies, and what they will remember about us when we move on.

A few years back, I departed from a financial institution where I had started my career, and had a great 20 plus years.  To my surprise,  upon my departure I was honored with a farewell party.  At that party, a lot of folks talked about my professional nuances (which I didn’t know I had), and the impact that I had on their careers.  I was given a book, that my direct reports had prepared, with the phrases that I most commonly used, and which they had come to know me by. Here are a few examples; (1) Ask yourself – “Am I a part of the solution or a part of the problem? 2). My consistent response to, how are you doing? Unbelievable- its just another day in Paradise. 3) Get rid of the “Chicken Little” syndrome- just make it happen. 4) Don’t settle for your salary- you deserve to max out your incentive plan, go for it. 5) Those numbers are weaker than circus lemonade.  
Although comical,  it made me reflect on the lessons I had learned coming up in my career, and the wisdom imparted both spoken and unspoken. Many were words spoken directly to me, but others had been observations that I made as those leaders went about their daily routines. All have a special place and have impacted my professional life in one way or another. Each of those lessons helped forge my career. I was very proud that I had, unknowingly,  left some wisdom to those that worked with me, I only wish I’d known how much they were observing and listening.
As you start your week, take a moment to look around at all those you oversee, either directly or indirectly, because each one is seeing your example and taking wisdom from your actions.  All will be left with an impression, and that impression will be your professional legacy.  Make sure that legacy is a positive one.

Read More

HSA Accounts Can Help You Maximize Deductions for Medical Expenses

What is an HSA? An HSA is a tax-advantaged savings account to pay for qualified health care costs for you, your spouse, and your dependents. When contributions are made through an employer, they are made on a pre-tax basis. There is no tax on the withdrawn funds, the interest earned, or investment gains as long as the funds are used to pay for qualified medical, dental, and vision expenses. Unused funds may be carried over from one year to the next. To qualify for this tax-advantaged account you must be enrolled in a “high deductible” health insurance program as defined by HSA rules. A plan must meet minimum deductible requirements that are typically higher than traditional health insurance. In addition, your coverage must have reasonable out-of-pocket payment limits. Not sure what an HSA is all about? Check with your employer. If they offer this option in their health care benefits, they will have information discussing the program and its potential benefits. You may also open an HSA account on your own at most financial institutions. Opening and HSA independently of your employer may offer more flexibility. In some cases an HSA established through your employer may result in funds reverting to the employer if not used by the end of the calendar year. The funds deposited to an HSA opened independently at your own financial institution belong to you and will accumulate from one year to the next.- See more at: http://jamesaccounting.net/2016-health-savings-account-limits/#sthash.FBXqDx5J.dpuf
 
9100 S. Dadeland Blvd
Suite 1500
Miami, FL 33156
Phone: (305) 595-2886
Meetings strictly by appointment
Email: verna@jamesaccounting.com

Read More

PROSPECTING

Antonio Garrido is President and Founder of Absolute Sales Development – Miami’s own Sandler Sales Training organization that provides companies of all sizes with superior business-growth training. Visit: www.absolute.sandler.com or contact: (786)-527 0277
Twitter: @SandlerASDMiami

The TACTIC: Does the prospect have the need?
The STORY:
Nick sat in his company’s car at the nearby regional shopping mall. Seven o’clock at night, he glumly thought to himself, been on the road since seven this morning calling on people. Not one lousy sale, couple of nibbles, no closes.
Nick had set out in the morning to call on as many of the “call me back in three months” prospects as he could. He figured that maybe physically showing up might get some interest in what he had to offer.
His first call at seven in the morning was with a small manufacturing plant. Even though the owner gave him two minutes in the outer office, all he heard was “could you leave some literature?”
He left it, thinking to himself as he handed it over that before he sat in his car, it would hit the circular file. The next stop, just down the street, was no better. No one had any time to see him; “leave a business card.” Along with all the rest, he thought.
Fortunately, he thought at the time, I’ll use the car phone to make some calls since I’ve got at least an hour ride to the next stop. With the voice mail, the “she’s on vacation,” and “Does Mr. Smith know you?” type responses, calling from the car was zero for fifteen.
Nick stopped for lunch and wondered just how those other salespeople in the restaurant managed to “do lunch” with clients and get orders. The two times he had done it, the prospects had a great lunch and promised to get back to him. They never did, and when he called them, they were always “unavailable” or “in a meeting.”
There were 12 stores in the mall that he had been phoning for the past eight months. He figured this would be the best use of his afternoon. At eight of the stores, all purchasing was done out-of-state. The rest all had suppliers and, as one lady manager put it, “We’re absolutely delighted with their service. Never have the need to change.”
There has to be a better way, he thought. Starting his car, he headed back to his condo, hoping tomorrow would be better.
The RESULT:
Nick isn’t going to sell any of these people anything because he has not established if they will ever need what he is selling. They will buy, but they will buy from someone who sees their need and sets up a situation where they express it.
DISCUSSION:
Why do salespeople have a multitude of prospects that they have repeatedly contacted but who have never bought? The old sales adage of “someday they will” is why. Also this type of prospecting activity is considered appropriate by sales managers and upper management. The problem is that occasionally someone does buy with this method.
The basic problem, the fallacy with this thinking, is that this type of sale makes money for the salesperson and the company. If you tracked the amount of time spent in this process, you would painfully find out that the cost of making the sale wiped out the profit Add up the phone bill, allocate some of the overhead and figure in an hourly rate for the salesperson. Also add in postage and the cost to print the sales literature. Now divide the net from the sales by this figure. Painful.
So does it make sense to keep doing it?
But someone is saying, “But what else can we do? This is the way we have done it for umpteen years.”
There is another way.
APPROACH:
Understand that if you are calling the appropriate prospects for your product, that someday every one of them will buy that product. While it may not be from you, they will buy. There are, however, a certain number of prospects who will buy within the next two months. You need to uncover them.
What makes them buy within the next two months is not price, but need. If they don’t buy, they will be in pain. Someone in their company, someone at home, or they themselves will suffer unless they have what you sell. These are the prospects you need to quickly find before they go and buy from someone else.
Approaches? By reversing questions, bringing the past and future into the present, by asking questions and waiting for a response however long it takes, by using many of the “prospecting” TACTICS cards, by seeking their needs and not your needs, all of these will uncover those prospects who are in pain and have a need today.
“Call me in a couple of months” is a brush-off.
What’s going to change in a couple of months that causes you to need my product? Nothing? Why should I ever call you back and waste my time and my money?
THOUGHT:
There are prospects out there right now, who need to buy what you sell. Sell them!

Sandler Training is a global training organization with nearly 50 years of top-flight training experience. Sandler Training provides training and consulting services for small-to-medium-sized businesses, as well as corporate training for Fortune 1000 companies. With over 250 offices located throughout the USA alone, Sandler’s goal is to help clients initiate substantive, measurable and sustainable growth.

Read More