Keith Rosen's Executive Sales Coaching Blog on Selling, Leadership, Management

Live Event Next Week – How To Succeed In Today’s New Marketplace

Dec 9, 2009 Executive Coaching, How to Manage Your Team, Interviews, Live Events, Sales Coaching, Sales Management, Sales Training, training for managers

Join me next week for my live interview on SalesBuzz Radio.

Date: Thursday, December 17th 2009,
Time: 3:30pm EST
Cost: Free!
No registration Required

I’ll be discussing the new rules for winning in today’s rapidly evolving marketplace, focusing on what managers and salespeople need to do to win more sales today.

Some points I’ll be addressing will be:

*Eliminating the resistance to change in order to accelerate your growth

*How to become more accountable and self-motivated to generate immediate results

*Empowering yourself and others to solve problems, permanently

*The future of selling and sales management

To listen without registering, simply sign in to The SalesBuzz Online Community at 3:30PM Eastern and click the ‘Radio Show’ tab on this page.

To register, go to join us and complete the easy registration form here. (Joining is absolutely free).

To participate, call in or email the show—it’s your show, so don’t hesitate to contact us with your questions and comments. During the show, email thesalesbuzz@thebrooksgroup.com with your questions and comments and the opportunity to for me to answer your most pressing questions as it relates to sales and sales leadership. You can also email me today at info@profitbuilders.com to better ensure your question gets addressed.

To receive a free special bonus offer; tune in and watch for a follow-up email.

Tags: career coaching, coaching for managers, Executive Coaching, interview, live event, Sales Coaching, Sales Training, webinar

VIDEO: The Initial Objective of A Cold Call – Find The Fit Early Or Waste Precious Selling Time

Nov 20, 2009 Sales Coaching, Sales Training, Videos, cold calling, sales tips, tele-sales, telesales

Think about the intention or the end result of your prospecting efforts. Rather than focusing all of your energy on making the sale, first determine if there’s a good fit between you, your prospect, and what you are selling.

Instead of feeling that the intention of prospecting is to get a sale, provide a demonstration, submit a proposal, or schedule an appointment, the initial intention of prospecting is to determine if there’s a fit worth pursuing.

While this may sound a bit strange, closing the sale and earning the business of a prospect is not your initial goal. Instead, your primary objective is to determine whether you and your prospect are a good fit.

Here’s a video I did on cold calling that I recently produced with a great new company I’d like to introduce to you that’s offering some free and valuable advice to home businesses and career minded professionals. That company is Home Business Brains. Click on the “read more” link below for the video.

Read the rest of this entry »

Tags: cold call, cold calling, Sales Coaching, Sales Training, telesales

When Cold Calling, How Do I Determine How Much Qualifying Is Enough?

Nov 16, 2009 Cold Calling Tips, Prospecting, Cold Calling and Networking, Sales Coaching, Sales Training, coaching salespeople, cold calling, telesales

I received the following question from a salesperson the other day who was struggling when it came to qualifying his prospects during a cold call. He was looking for an effective way to best qualify his prospects and how to avoid wasting time when meeting with the wrong ones. What follows is his initial inquiry and my response, which I felt important enough to share with you, as many salespeople seem to be struggling with this very issue today.

That is, “When cold calling, exactly how much initial qualification is enough before determining the next step in my selling process? Do I do all of my qualification up front on the phone before scheduling a face to face meeting or do I wait until I meet with the prospect and then conduct a more robust needs analysis? How do I make this determination?”

Here’s the email I received:

“Hello Mr. Rosen,
I am a salesperson selling health insurance who is currently working on my sales system. My target market is owners of small businesses. I call them and set appointments from telemarketing leads. I have a script in which I use to set the appointment and qualify them, before meeting them face-to-face. I’d be curious to know what strategy you feel is best regarding my two approaches below.

First Approach: Do minimal questioning and qualification and just set the appointment. Then at the appointment, conduct a fact finder to find out their situation and what they like or don’t about their current health insurance plan. Then, set another appointment and come back with a proposal and recommendations. I will pre-close them on the first visit.

Or is this a better this way?

Second Approach: Call and qualify them and ask them all the questions over the phone to find out their current situation on this initial phone call. Then, I will bring the proposal to the first face to face appointment, recap what we discussed over the phone, explain the plan and try and make the sale. Pretty much try and make the sale on the first face to face visit.”

Here was my response:

The answer is – BOTH. There’s always a minimal amount of non negotiable qualification that must be done before meeting with a prospect. Then, when determining how much deeper you can go in your qualification, depending upon the situation it could go either way, so let the customer decide.

The IDEAL scenario is the second one you mapped out. And it’s all in the spirit of saving you your precious and limited time following up and meeting with people who you shouldn’t be meeting with in the first place. The cost of meeting with unqualified people is compounded exponentially because you’re not only meeting with the wrong prospects but you’re now losing time that you could have invested meeting with the right ones – the ones that your competition is meeting with.

Of course, there are those situations where the prospect simply doesn’t have the time nor desire to answer all of your questions during an initial phone call and at that point, it’s going to be a judgment call on your part. So, to minimize the risk of meeting with the wrong prospects and maximize your time when meeting with the qualified ones, what I would recommend is making a list of the non-negotiable qualifying questions that must always be asked, regardless of the situation, so that you get a baseline understanding whether or not this person is even a candidate for your product or service.

Here’s a great way to handle how much qualifying you can do over the phone and how to do it in a way that would encourage the prospect to spend more time with you during this initial telephone conversation.

Simply put, let the prospect decide. After all, people want to save as much time as possible and would appreciate any opportunity to be more efficient when it comes to leveraging their time. That said, the next time you speak with a prospect over the phone, use the following approach during your initial needs analysis/qualification process.

After asking them a couple of preliminary, non negotiable questions, deliver the following message.

“Mr./Mrs. Prospect, I know you’re busy and I want to respect your time. That said, I want to share two options with you that would save you some time when deciding what solution is best for you and whether or not there’s even a fit here. We could schedule a time where I can visit with you to learn more about your business and your objectives and then at that time, schedule another meeting where we could discuss my proposed solution, or, to speed up this process and avoid scheduling another meeting, we can continue our conversation now on the phone so that at the end of this conversation, you would have a very good sense as to whether or not I can deliver more value than your current solution is providing you and if it even makes sense for us to meet face to face in the first place. Which option would work better for you at this time?”

When you give people a choice and share with them the benefit of investing a little more time with you on the phone, you’ll find that your prospects are much more willing to do so. And if you’re saying that your prospects are, “too busy to spend more time with me” or “this won’t work in my industry,” I would challenge you to re-think whether or not this is truly your prospect’s objection or a costly assumption that you’ve created in your own mind. If this new marketplace has changed the way we sell and engage with our prospects, then the old rules of how we qualify and set appointments with our prospects much be challenged as well.

This win – win saves both you and the prospect time, while ensuring that you’re meeting with more of the right prospects.

Tags: cold calling, discovery, needsd analysis, prospecting, qualifying, sales, Sales Coaching, Sales Training, selling

Landslide Video: Respect Sales! A Day On The Links With a Prospect

Nov 12, 2009 Clients are fun. Case Studies in Sales and Leaders..., Prospecting, Cold Calling and Networking, Sales Training, Selling Advice, Videos

Landslide.com recently recorded a video for a series with the theme: “Respect sales.” The idea is to show how sometimes people think salespeople have it easy – they get to travel, play golf, go on dinner outings etc. but the reality is far different.

So, what actually happens when a salesperson takes a prospect out on the golf course? Any good salesperson knows that deals just don’t fall out of the sky. Follow Landslide’s sales guy as he puts up with his difficult prospect and tries to close the deal. Click play on the video below.

If the video does not load, here is a link to the video.

Tags: funny, prospecting, sales, Sales Training, selling, video

Special Event: Free Webcast With Zig Ziglar Next Week – Embrace The Struggle

Nov 12, 2009 Live Events, Live Responsibly: Life Tips, Great Living, Videos, webinar

I want to pass along to you an invitation from Zig Ziglar which my friend, Tom Ziglar just informed me about that I’m excited to share with you. Next week, you can participate in a very special live webcast that Zig Ziglar is hosting on November 17, absolutely free.

It sounds like the last few weeks for the Ziglar family have been incredible. Zig just turned 83, will be celebrating his 63rd wedding anniversary later this month and Zig’s new book, Embrace The Struggle, was just released.

With so many people facing their own struggles today, including Zig’s own struggle after a recent accident, you can’t help but find hope and encouragement when you see how Zig himself is embracing his struggle.

If you haven’t already seen it, The Ziglar family has created a very powerful movie, “Embrace The Struggle,” that tells in two minutes the Embrace The Struggle message. When the movie is finished, it will end on a registration page for the free webcast.

You can watch the movie here if you have not seen it yet.

Or, you can go directly to the registration page here.

I know that Zig Ziglar has made an impact in my life and in the lives of thousands of others.

I’m certain that anyone in the midst of a struggle who participates in this webcast will find something that will help them embrace their struggle.

Join the Ziglar family for a special evening with Zig Ziglar, Tom Ziglar and Julie Ziglar Norman, as they discuss how Zig has embraced his struggle from a brain injury and the resulting short-term memory loss. Your life will be impacted as you see this family rise above their circumstances – and thrive!

Below are the details of the webcast:

Title: Embrace the Struggle

Speakers: Zig Ziglar, Tom Ziglar and Julie Ziglar Norman

Date: November 17th

Time: 7:00-8:15 pm CST

To Register:

You can watch the movie here.

Or, you can go directly to the registration page here.

Tags: life coaching, life training, Sales Training, Zig Ziglar, Ziglar

Part Three: Determining When To Coach Your Salespeople, When to Provide Sales Training and When To Give Them The Answer

Oct 22, 2009 Executive Coaching, Sales Coaching, Sales Management, coaching for managers, coaching salespeople, training for managers

As a recap from Part One, “Do I Coach Them or Train Them?” when coaching someone, The Gap is the space that exists between where the client or coachee is today and where they want or need to be.

It’s the void that exists between the person and their goal. As a coach, it’s your responsibility to identify and fill in this gap. The question is, what exactly do you use to fill in this gap – do you coach them, train then, advise them or flat out just give them the answer?

Here’s the third installment of the three part series. These three blogs detail how you can handle some common training and coaching scenarios that many managers find themselves in and the most appropriate approach to take in these situations as it relates to how you can best support your people in a way that achieves the results you want and need.

Scenario Three:

Situation: Bob, a successful, established and well seasoned insurance salesperson had been a long time top producer for his company. Since the company merger, restructuring, policy changes and compensation plan revisions, Bob needed to start generating new clients to fill up his sales funnel again. While Bob used to spend half his days cold calling, he hasn’t done it in a while, relying more on referrals and the income he generated from renewal business. Yes, Bob was great on the phone and generated a significant amount of new prospects as a result of his recent cold calling efforts. However, it seems that Bob was not able to close these prospects the way he would a referral or an existing client. He was used to people saying, “Yes” without even asking for the sale. Objections? The only one Bob was used to hearing amongst his clientele was whether or not they should write him a check or hand him their credit card.

Now, it seems that every time Bob met with one of these new prospects, he was walking out with a time to follow up with them rather than a sale. Bob wasn’t used to hearing, “Thanks, let us think about it,” or “You’re the first person we’ve spoken with regarding a policy,” and he was especially not used to hearing, “Wow, that sounds awfully expensive.” While Bob did his best to try and convince these people to buy from him, he felt his rebuttals were falling upon deaf ears. To make matters worse, Bob forgot how to actually ask for the sale.

The Gap: Have you noticed The Gap here? The Gap in this situation is in Bob’s closing technique and in his attitude or philosophy towards closing. Bob is holding on to some limiting beliefs. More so, his tactical selling approach and natural selling acumen needs to be polished to address the new selling situations that he has not had to face in a while.

Training and Coaching Solution: This is a coaching and training issue. We’ve identified that there are some limiting beliefs getting in his way of taking action. Specifically, salespeople don’t overcome objections, prospects do. Rather than convince someone, which it sounds like Bob was attempting to do, he needs to respond with questions rather than statements so that the prospect can overcome their concern. As such, the coach needs to use well crafted questions and a process of inquiry to explore deeper into his perception of closing and asking for the sale. Does closing mean dumping more information? Is he not asking for the sale for fear of rejection? Finally, Bob needs some hands on tactical responses ready the next time he hears these objections. The training will take care of this, providing Bob with the dialogue and the steps to defusing objections that will turn more of his prospects into customers.

As you’ve probably encountered yourself, handling employee issues typically requires more of a hybrid approach to management. That is, the utilization of all the disciplines we’ve discussed over the last three blogs, including coaching, training and consulting.

This eclectic blend of philosophy and strategy is what today’s leaders need to embrace when developing tomorrow’s champions.

Tags: career coaching, coaching for managers, coaching salespeople, Communication, corporate training, Executive Coaching, leadership training, management coach training, management training, managing a team, managing salespeople, Sales Coaching, Sales Management, Sales Training, training for managers, training salespeople

Part Two: Determining When To Coach Your People, When to Provide Sales Training & When to Give Them The Answer

Oct 19, 2009 Executive Coaching, How to Manage Your Team, Sales Coaching, Sales Training, coaching for managers, coaching salespeople

As a recap from Part One, “Do I Coach Them or Train Them?” when coaching someone, The Gap is the space that exists between where the client or coachee is today and where they want or need to be. It’s the void that exists between the person and their goal. As a coach, it’s your responsibility to identify and fill in this gap. The question is, what exactly do you use to fill in this gap – do you coach them, train then, advise them or flat out just give them the answer?

Here’s the second installment of the three part series. These three blogs detail how you can handle some common training and coaching scenarios that many managers find themselves in and the most appropriate approach to take in these situations as it relates to how you can best support your people in a way that achieves the results you want and need.

Scenario Two:

Situation: Nine months into the training, Samantha’s boss was questioning whether or not she would make the cut for the long haul. Out of the initial ten new recruits that completed the week long training, practically nine months to the date, Samantha was one of the only two that has made it this far. When it comes to being an executive recruiter, one message that was continually being reinforced into Sam’s head was that if you can make it a year, and build up your book of business, you can survive the initial hurdle and start developing a successful career.

But nine months into her new career, what started as a strong and promising leap right out of the gate, securing three top accounts that she has been relying too heavily on to make her numbers each month, is now appearing to come to a slow and painful halt. One of the three large clients left her and the other two are slowing down their recruiting efforts. Here’s the thing, though. Samantha was on the phone practically every day making the calls she knew she needed to make in order to survive this first year.

The Gap: Samantha proved early on she could be successful at cold calling for new clients. She also had the evidence behind her to support this claim. Her initial four month’s book of business provided her with the volume to make her monthly sales quota. While Samantha was still making her daily number of cold calls, she was no longer getting the strong results she was when she first started out. Moreover, her boss noticed how stressed out Sam was as a result of all this. For these reasons, The Gap is actually a combination of training and coaching.

Training and Coaching Solution: In a case like this with Samantha, the solution may be more of a multi-faceted one that approaches her situation from a few different angles. Here are just four approaches to explore, diagnose and uncover different ways that you can coach and support Sam.

First, if Sam’s approach was working when she started nine months ago and it’s no longer working today, then something had to change. Her boss noticed Sam didn’t have a templated process that she following and more or less ‘winged’ her calls, shooting proverbially from the hip. Consequently, she was moving farther away from what had initially worked for her. Thus, having Sam work off a proven template that’s documented and in front of her so that she can create a level of consistency in her selling efforts is one part of this solution.

Second, this fine tuning of her approach and putting it in an actionable, step by step process will eliminate any inconsistency and allow her to best manage what approach works best.

Third, Samantha appears to be fueled and driven by fear and consequence. That is, the loss of her job! Being driven by consequence and scarcity – what you don’t want to happen, is a negative source of energy that dilutes not only the impact of your selling efforts but the quality of your life.

Here, Sam needs to be coached on developing a new way of thinking, one that empowers her, lifts her spirits and focuses on her goals and dreams more than her fears and consequences.

Finally, is Samantha in need of some new resources? That is, where is Sam mining for new business? Does she need to look at alternative ways to prospect? Does she need a revised call list? Is she maximizing the lifetime value of every client she’s working with through upselling opportunities and referrals? These are just a few of the components of her sales engine that you can put a magnifying glass over to take a look at a deeper level in order to diagnose exactly what is going on.

Stay tuned for part three later this week.

Tags: career coaching, coaching for managers, coaching salespeople, Communication, corporate training, Executive Coaching, leadership training, management coach training, management training, managing a team, managing salespeople, Sales Coaching, Sales Management, Sales Training, training for managers

Smarter Selling: Tips for Today. Part Two of My Interview With Vince Thompson For Smart Planet

Sep 24, 2009 Interviews, Sales Coaching, Sales Training, sales tips

Managers: Get the new strategy that creates sales champions and wins more sales. Special event ending soon. Bonus materials you receive are still available! Find out here.
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Here’s part two of the interview I did with author and columnist Vince Thompson.

Read part two of the interview here.

Excerpt:
“Yesterday we debuted the first of this two part series on Smarter Selling with Keith Rosen. Rosen is a sales coach, author, speaker and has been recognized by Inc. magazine and Fast Company as one of the five most influential executive coaches. In part one of our interview Keith taught us about the power of questioning and going deep to close business. Today Keith takes us farther down the path of value creation while reminding us of the skills that really matter.

What are your tips for a tough economy?

I’ve decided (and many of my clients are on board with this as well) that it’s no longer as tough as it was out there. That’s right. Strip away what you hear in the media, and look objectively at what you can control; this one telltale sign that something in your selling formula needs to be developed, modified or redefined:

If there are people in your organization, even in your industry or profession who are currently performing like rock stars, that should provide you with one very critical insight. That is, it can be done because it is currently being done by someone else!

Here’s a very clear insight into one example of some general statistical information about the selling profession that will help you begin the process of fine tuning and developing your own data driven solution to increasing your sales.”

Read part two of the interview here.

Tags: Executive Coaching, Interviews, Sales Coaching, Sales Training, selling, training for salespeople

Fewer Customers? Sell Smarter. My Interview On Smart Planet With Vince Thompson

Sep 23, 2009 How To Sell and Sales Tips, Interviews, Sales Coaching, sales tips

Read the full interview here.

BOOK EVENT EXTENDED! Due to my book selling out and making #1 on Amazon, we’re extending this event! You can still get the book 34% off and the hundreds of dollars worth of bonus materials. More here.

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Here’s part one of the interview I did with author and columnist Vince Thompson.

Excerpt:

“Let’s face it. When the economy was rocking we had it pretty easy. They we’re buying. We were selling like crazy and so it went. Until it went. Now getting consumers to part with cash is like trying to pull the hood ornament off the new Dodge Challenger….while it’s driving!

Keith, tell us about your business?

Most of my time is spent working with sales and management teams or working one to one coaching, training and strategizing with sales leaders and executives. Whether that means helping managers develop the missing discipline of leadership and become better coaches through a management coach training program, or helping sales teams and salespeople reinvent and re-engineer their selling process and methodology. Most companies are leveraging me to support their two most important business initiatives today, which are acquiring and retaining customers.

To achieve this, organizations are recognizing the need to make their sales and management team more valuable than ever before. This is accomplished through better sales training and executive coaching. Businesses are finally realizing that in order for their people to sell more, it all starts with the way they’re managed. And the simple fact is, you cannot grow with what you already know.

How has selling changed?

Read the full interview here.

Tags: close more sales, interview, sales, Sales Coaching, Sales Training, selling

VIDEO: Developing a Compelling Opening Statement When Cold Calling and Prospecting.

Sep 21, 2009 Cold Calling Tips, Prospecting, Cold Calling and Networking, Sales Coaching, Videos, cold calling, tele-sales

BOOK EVENT EXTENDED THROUGH THIS WEEK! Due to Keith’s book selling out and making #1 on Amazon, we’re extending this event through this week! You can still get the book 34% off and the hundreds of dollars worth of bonus materials. More here.

Watch the Video Here.

Here’s one example of the type of opening statement and cold calling approach you can create that’s sure to generate more qualified prospects for you than ever before. This example was one that a cost reduction company used when calling on the C suite of prospects, such as the controller or CFO. Once you listen to the opening statement, I’ll then dissect this approach so you can see the strategy behind it.

Watch the Video Here.

Tags: cold calling, Cold Calling Tips, opening statement, prospecting, Sales Coaching, Sales Training, video