All Work & No Play
Targeted mailings and research are in. Client golf outings are out. If you expect to sell in today's economy, you need to stop wasting everyone's time.
For Chad McClennan, the only thing that's changed about
selling is everything. Compared to a year or two ago, says the
35-year-old Chicago entrepreneur, leads are harder to get, and
fewer turn into prospects. It takes more time to turn those
prospects into customers, and, if they buy at all, it's usually
for different reasons than in the past. He's paying his
salespeople differently—while hiring more of them—and
investing more in training, supervision and technology to support
sales. "We've changed organizationally and technically, and
we've changed the sales process and compensation," says
the president and CEO of The Customer Group, a 25-person customer
service consulting firm. "And we're beginning to see
results." McClennan's sales experience reflects the changes sales
experts and entrepreneurs have seen sweeping through selling in
recent months. New developments have ranged from the emergence of
savvier but less patient customers to the availability of more but
sometimes less qualified candidates for sales jobs. Overriding
everything is a profound change in the ability of many customers to
buy in the manner and amount they used to. "Our current and
potential customers are saying to us 'Right now, we're not
doing any business. We're waiting to see how our numbers are
going to look,'" says Pat Cavanaugh, CEO of Cavanaugh, a
44-person promotional products firm in Pittsburgh. "It's a
holding pattern." "Today, sales is heavy on
marketing, customer insight and systematic selling, and light on
taking orders, taking clients to lunch and taking
breaks."
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Out With the
Old
Though the recession may be behind us, its effects can still be
felt. Clearly, selling in a recovery economy is not the same as
selling during the thriving economy of a few years ago. Things have changed, but entrepreneurs must still find new ways
to sell. McClennan said his list of valid prospects doubled during
the first three months of the year. Cavanaugh, 35, who was named
the country's top salesman-CEO by a trade magazine last year,
expects to continue a growth track that's increased sales 4,000
percent over the firm's past seven years. How are they doing it? They're not doing what they did a
while back. They're not wasting prospects' time with
chitchat. They're not looking for easy, quick closes.
They're not cold-calling. They're not selling solely on
price. They're not just peddling products and services. And,
above all, they're not waiting one minute for buyers to come to
them. "We were getting a lot of business through
word-of-mouth," recalls McClennan, who started his company in
1999. "There was such a great demand for consulting services
from businesses feeling the need to be competitive, but now supply
outpaces the demand. So we're doing e-mail campaigns, we're
doing targeted mailings. We never had to do that before."
Today, sales is heavy on marketing, customer insight and systematic
selling, and light on taking orders, taking clients to lunch and
taking breaks. "It's not as easy to get orders," says
Atlanta sales consultant T.K. Kieran. "You must create demand
instead of just fulfill demand."
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