“Don’t puke on your prospect.”
OK, a bit crass perhaps, but it is some of the best advice on salesmanship I’ve ever been given. Any of us who have purchased B2B goods and services have experienced this. The sales rep reaches out and you grant that first meeting. Upon entering your office, the sales rep launches into a completely one-sided dialogue about how great he is, how great his company is, and why you should be doing business with him. He asks no questions, and although you try to turn this into a real conversation, he won’t allow you to participate. He simply has too much to say!
Case in point: When I was Director of Risk Management at a large restaurant chain, I was called by a representative with a local insurance brokerage firm. Upon entering my office, he asked me one question: “Do you purchase accounts receivable insurance?” he asked. “No,” said I, “our guests typically pay with credit cards…” and that was the end of the discussion. Oh, the meeting lasted another 15 minutes as the rep droned on and on about how uncollectable accounts receivable have practically sunk many businesses and how every business should have this coverage. I finally cut him off and showed him the door. As he walked out, he dropped some expensive looking accounts receivable insurance marketing materials on my desk as he said, “I’ll be in touch.” The marketing materials went straight into my trash can, and thankfully, he never did follow up. Indeed, “sales puke” is a sure-fire way to ensure that you never win that piece of business.
“Seek first to understand, then to be understood.” ~ Stephen R. Covey
A former boss of mine was a Covey disciple. He had his entire team read Covey’s The 7 Habits of Highly Effective People and he recited this quote incessantly. He even found budget money for each of us to attend a live presentation by Dr. Covey himself a few years before he passed away. I agree with my former boss that 7 Habits is a must read for any business professional, regardless of your line of work. But it is this quote in particular that has stuck in my mind over all these years. I have applied it in my risk management roles and I apply it in my current role in commercial insurance sales.
People need, indeed they like, to be heard. I believe failure to listen is often to blame when negotiations end in stalemate or objectives fail to be met. Applying Covey’s principle generally yields one of two results in my experience:
(1) The business associates (or sales prospects) with whom you are speaking are more apt to hear you out and more readily consider your viewpoint (or product) if you’ve heard them out first and asked meaningful questions;
(2) You begin to see enough value in your associate’s viewpoint that you begin to change your own mind. In a sales scenario, you may learn about a pain point your prospect is experiencing and alter your approach accordingly. In both scenarios, you learn something and the ultimate end result is best for all!
Do you see what is happening here? Both outcomes are wins!
As I look back over my career, I readily see that I have been most successful when I have worked hard to practice good listening skills. It’s a sign of interest. It’s a demonstration of respect. And no matter the line of work, sound listening skills will open doors. Go ahead, give it a shot. I dare you.