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"Your Newsletters" Newsletter FEBRUARY 2007

Hello,

Well, we're already into February so I hope you've got your feet back under the desk and are "back into it".

Our family (wife and three daughters) had a great break up in Port Douglas, Queensland. We went snorkelling on the Barrier Reef, visited the Daintree Rainforest, and had some great fun just being together. Gee, I love holidays, and what a great country Australia is. Bring on Easter!

This month's main article looks at a book worth getting - Wombat Selling. A bit tied up in jargon, but some thought-provoking and practical ideas to increase your sales.

Also, we've sniffed out a great website offering - in fact, website, contact management, e-mail marketing, online shopping, etc, etc.. To top it off, it's pretty easy to use. Check out the great offer at the end of that article.

Regards

Peter

Wombat Selling

Wombat SellingWombat Selling is the latest book by Michael Hewitt-Gleeson, a Melbourne-based author, speaker and scientist.

Who, I hear you say! So did I. However, the author has actually written several books, including one with Edward De Bono, so obviously he’s pretty accomplished.

Two things in particular drew me to the book:

  1. It was displayed prominently in my local bookstore, meaning someone thought it was worthwhile, if only the Business Books Buyer

  2. Because the title is so different from the usual self-important titles you get in the sales and marketing sections.

I found the book fairly hard to read, however, because of all the jargon that the author has devised – NewSell, OldSell, DYSH, Wombats, UNCHECKTOCHECK, to name but a few.

But once I got past that, I felt that the book had something important to contribute. The central theme is simply this...

salespeople don’t sell, customers buy.

As salespeople we can’t push or force people to buy, as it’s their decision not ours. What we can do is to make contacts with our prospect that ask them whether they want to buy, what Gleeson calls "check' (as in chess).

He believes that making as many quality check moves (or contacts) as possible should be the focus of our sales activities – – as this is the activity in the sales process that we do control.

Recruitment

This resonated with my experience as a recruitment consultant many years ago, a commission-only sales position! The recruitment company I worked for focussed all of us on sales activities such as the number of:

  • marketing ‘phone calls
  • sales visits
  • interviews we had with candidates
  • interviews of our short-listed candidates by our clients.

Their philosophy was very similar to Gleeson's. Do enough of these activities and the number of placements (candidates getting jobs) would take care of itself.

Indeed, they had developed target numbers that showed for:

  • every X ‘phone calls you should get one sales meeting,
  • every X candidate interviews you should be able to select one candidate for the shortlist for client interview, etc..

I still vividly remember the weekly one–page performance report that we filled in containing these numbers, and how focussed it kept me on the number of “check moves” I was making that week.

What “Media” Do You Use To Make A Check Move?

There are really only four media by which you make the contact with a potential customer:

  1. Telephone
  2. E-mail
  3. Post
  4. Meeting.

Gleeson attributes a point value to each of these methods, depending on how powerful they are relative to the others. E-mail and post get one point, phone calls get two points and meetings get three points.

Gleeson himself shies away from saying you should set a target number of points to achieve each day or week. To me, however, this is important and adds to the "game element" of it, so I'd recommend that you do. As to what that target should be, that's really up to you.

Let's look at some of the typical check moves.

Telephone

  • Get more information regarding a customer’s needs
  • Give them some information
  • Say hello and see how they are
  • Ask for a referral
  • Extend an invitation
  • Update on progress

E-mail or Post

  • Follow up a live presentation
  • Send a proposal
  • Ask for referrals
  • Send a gift
  • Confirm details of an appointment
  • Send a newsletter (music to my ears!)
  • Introduce a new service
  • Send a thank you card / letter
  • Inform them of a time-limited offer

Meeting

  • Make a presentation
  • Provide or drop-off Information
  • Introduce yourself
  • Take them to lunch
  • Ask for a referral
  • Keep in touch
  • Drop off a thank you gift
  • Test the progress of your discussions and set a completion date for them.

Results Will Come

Whilst it’s not possible to summarise the whole book in just a few hundred words, the essence is that by maintaining your focus on the check moves (sales activities) that you do control, and doing enough of them every day, that the results you’re seeking (more sales) will inevitably follow.

And he quotes some impressive results for companies that’ he’s worked with that have done just that.

One example is the ANZ Trustees. He showed the trustees this system as a way of marketing their V2 Cash Common Fund. As a result, in one 12 month period they increased their selling intermediaries four fold from 38 to 161, and increased the deposits into the fund from $7m to $70m.

Conclusion

This book, when stripped of the jargon, is a timely reminder to us all that frequent good quality contacts to our target market (including existing customers, prospects, suppliers, referrers, friends, family and networking contacts) will help us to increase sales and profits.

Online Businesses, Not Websites

Business CatalystEvery so often a product or service comes along that stands out from the crowd.

If you want a fully integrated solution for your website, newsletter and contact management needs, this could be the answer.

The Business Catalyst solution is best defined as “Online Businesses, Not Websites - for any user.”

Their solution will host your web site, manage your customer database and help capture leads. It will empower you to sell products, take bookings, build communities and run email marketing campaigns. All from the comfort of one, integrated and easy-to-use interface.

And becasue it's so easy to use, you can update the content yourself if you want to, saving hundreds of dollars in webmaster fees.

To find out more about this great solution, go to www.businesscatalyst.com.

If you’re interested in receiving more information, talking through your needs or getting an idea about pricing, please send me an e-mail and I’ll put you in touch with a Business Catalyst partner company.

And should you decide to go ahead and purchase a Business Catalyst solution with that partner, we’ll get your e-mail marketing off to a flying start by giving you six months' worth of articles absolutely free and without obligation, ready to use in your Business Catalyst newsletter.

DISCLAIMER: This newsletter is provided for general information only. Please do not rely on this newsletter as a substitute for specific legal or financial advice. Before making any decisions you should consider your specific objectives, financial situation and needs.