Want Customer Loyalty? Then Change Your Focus

Just about every major retailer has a loyalty program.  Offers are given with point systems in hopes of retaining customers.  These are all great things, but there is one area that businesses are falling short when they try to build customer loyalty.

All of us are familiar with Starbucks and Chick-Fil-A who both host lines for the drive through wrapping around parking lots and disrupting street traffic flow.  What we need to do is think about ways to serve customers so well and consistently that they want to keep coming back.

Both Starbucks and Chick-Fil-A do one thing really, really well.  It’s customer service.  That’s right, they are always going above and beyond the call to serve the customer. This is resulting in customer loyalty, a Fanocrocy, and great business success even during pandemics.  People will literally wait in 20 min lines for a cup of coffee, or a chicken sandwich (with waffle fries of course.) 

Chick-Fil-A also has one thing they do every time they serve us when we say thank you.  They respond immediately with “it’s my pleasure.”  They literally ingrain each employee to be customer service focused.  It does not matter which location we to go, we still get great consistent service.

When an organization focuses only on profits and not on serving the customers it never ends well.  Doing the right thing consistently over time creates brand loyalty.  Making sure we have set up a customer experience mindset, we will see customers return again and again.  Even if we sell and inferior product / service, by serving the customer we will see returning customers.

Too many organizations focus on short term profits.  One main driver for this is publicly traded companies focusing on making their stock holders more money as their main goals.  All organizational goals serve this one main goal.  How do we make shareholders more money?  Unfortunately, these large organizations forget about the investments needed to keep the customers happy who are actually paying the bills.  Investments to maintain quality, delivery, and customer focused service.

Organizations should consistently do the right thing for the customers to generate loyal “Fans.”  When “Fans” pledge their loyalty to us, they tell others how awesome our organization is  They share stories of how we have helped them and rave about our service.  We have sales people selling for us that are not on our payroll.  Wouldn’t you like that?

Do not take the customer’s payment and walk away from the transaction waiting to see if the customer will buy from us again before we give extra effort.   Give the extra effort up front and every time we engage people and we will be rewarded! Consistency over time equals more profits and more customer loyalty.

I am also not sponsored by either organization discussed in this blog, but if they want to give me free food, I fat Kevin would be glad to accept it :)

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

The Sales Process Uncovered Membership Page

Why Leaders Know Sales

When I first started in sales it was on the premise that if I wanted to be a great manager, business owner, lawyer, president, I needed to know sales.  That is what a successful business owner told me after I had told him that I wanted to be a manager.  He was a great leader and still has people working for him that were with him since he opened his company in the mid 1980’s.  I was not sure why I needed to know sales to be a good manager to be honest, but I knew I would figure it out. 

At first, I was hesitant to change careers.  Six months of hesitation and discussions to be exact.  I did not want to be a salesperson because all life had taught me was that they were evil.  All I had ever been told was bad and experiences were also proof to that same point. 

When I did decide to try this sales thing out, I quickly learned that there was a key ingredient to being a successful sales professional.  Once I figured out that ingredient, customers started opening up to me and sales increased.  I was awarded the prize of top salesman for the United States and had taken the territory to where it had never been before.

I literally had customers asking me about what software would work best for their business and other things that had nothing to do with what I sold.  They trusted me and were asking for my insight on various things that they were struggling with in their businesses. That key ingredient is Influence. In sales the more influence you have the more you sell.  The same is said for leaders.

 As influence increases, people trust us more and are willing to go deeper in relationships with us.  This can be in business ventures, nonprofits, community support, etc.  The more influence someone has the more they excel in whatever they are doing with others.

What I found is that the sales process that I keynote and perform trainings on helps people build amazing amounts of influence fast!  That is right, selling correctly helps us build high levels of influence! 

Keep in mind that selling is not just a product or service.  It can be selling a vision, idea, or that we are going to lead those that report to us.  Building influence using the sales process, leaders gain more engagement from those around them.  Utilizing the sales process to sell our vision and our mission will grant us more influence and greater buy in from those around us.

As you look around your organization look at those relationships of those that go out of their way to help you and those that don’t.  See how much influence you have with these relationships.  Ask yourself, “Why do I have more influence with this person as opposed to another?  What is different with each of these individuals?”  What you’ll learn is that the level of our influence determines how much we can say and do with each individual.

The more influence you have the farther our organizations can go.

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

The Sales Process Uncovered Membership Page

What Does Winning Look Like?

How does an employee understand each day they arrive at work if they are winning or losing?

How are these employees able to track each day where they are towards their goals?

Below are a few examples of annual goals that organizations published for individual sales professionals.

Achieve sales revenue of $44.0 million collectively as an organization

Achieve net new business of $50 million for 2023 for business unit

Manage travel and expense to AOP

Too many large organizations cast out annual goals for employees that are very difficult to understand.  Some goals are collective goals that is very difficult for an individual to know if he/she is winning.  Others are downright confusing.  Where does the individual review what the score is collectively?  How would you know where to look to see how you are doing in the above examples?

Instead of this vague approach to goal setting why not keep it simple?   

Organizations like that of Ramsey Solutions in Franklin, TN use  Key Results Area or KRA’s for short show what “winning” looks like to the individual and their position.  These KRA’s are reviewed with the employee and the manager to make sure that the employee truly understands what winning looks like.  The individual employee can take this KRA sheet and review it each day, week, or month to know where they are standing in achieving a high-performance level.

These KRA’s really make it easy for both the employee and the manager to point to any specific areas where the employee is killing it and where attention might be needed to help the employee obtain success.  When employees obtain vague goals, it is hard for them to understand if they are actually winning.  This is an ingredient in a disengaged work environment.  Or for those on the latest vocabulary, “Quiet Quitting” 

People want to know if they are winning or losing at work so they can excel.  No one shows up to work and actively wants to do a bad job.  They want to feel like they matter and that they are doing something to make impact.  Take that away and hope goes along with it slowly killing the spirit and making people do the grind Monday through Friday in hopes that they have a fun weekend.

Our top performers want to know quite often how well they are doing.  Sales professionals especially want to know if they are winning or losing.  It’s healthy to want to know how we are doing so we can improve.  Why not give them something that they can use to gauge against and know often how they are doing.

Dave Ramsey is mostly known for Financial Peace University for helping people get their finances straight, but for business owners they have created Entreleadership which started as a book and now has its own podcast as well as coaching and summits.  They do a fantastic job at creating an environment for their teams and customers to thrive in any environment.  If you are looking for something to learn more about leadership in business or finances, these two are the top places I recommend people going. 

Disclaimer:  I make no money from referring my readers to Dave Ramsey items.  This is just knowledge that I am passing along that has helped me.

The examples on Dave Ramsey’s site allow you to see examples of these KRA’s when you head into goal setting with your teams.  I hope it helps your teams really make greater strides and achieve better results.

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

The Question Our Employees Are Asking

Last week we talked about coaching others, this week we will have the discussion that those around us are asking.

Has anyone ever asked you the following question…Do you have my back?

Chances are if you have direct reports, they are asking this question about you.  They were trying to figure this out the moment they start working for you.

Your direct reports want to know that when the chips are down that you will have their back as long as they are doing what is right and ethical.  Far too often in big business employees feel they have to CYA because they do not trust their manager.  CYA stands for Cover Your Assets.  The A is sometimes shortened. 

I have experienced in the issue of having to CYA myself in communications due to a lack of support from managers.  It agitated me greatly because I believed I was left to fight for myself.  It is a lonely position to be in as a report.  Here’s the thing, relationships do not thrive in this kind of environment.

Employees want to know that their managers have their back when the chips are down and that they can reach out to their managers when they need help.  Far too many managers are so busy themselves they forget to establish ground rules for trust and communication at the beginning of the relationship.  There needs to be a set of ground rules of engagement set up from the beginning.  Leaving it up to assumption is a recipe for a bad relationship.   There are a few managers out there unfortunately that don’t really care about relationships with their reports and should look to either move on from their position or retire. 

When trust and communication are not flowing it becomes like a body of water with no movement.  It becomes toxic and everything in it dies.   When trust and communication are absent fear also starts setting in.  When Fear takes hold, trust and relationships do not flourish, they unfortunately die.

If reports don’t trust their manager, then where does the employee bounce ideas off of to move forward in the correct direction?  Where do they expect to get mentorship?  Where do these reports learn the correct way of operating for the organization?

Far too often employees have enough of this lack of trust and communication and elect to leave the department, or worse the organization.  The intrinsic knowledge that the employee has is also following them right out the door.  This then puts the team and management back to start the process over to onboard another employee.  If the cycle keeps occurring the manager will be found out and their management will have to discuss options.  

The cost of onboarding on average about $4000 per employee.   Not to mention the training them on the software and teams that they will need to engage with often.  It is also a good to note that it takes about three to six months for the employee to get comfortable in their new role.  This means they are slower at the start in their position which also costs money to the organization.  Why not work to make sure our reports know that we have their back, how to communicate with us, and build trust.

The answer is setting up guard rails with our direct reports from the beginning to make sure they understand how the trust and communication can work together.  Setting these guard rails up will keep everything moving better and work life to improve.  Employees need to know that they can trust their leaders.  Having that trust and communication will allow the employees to excel and thrive in our organizations.

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

Why Quiet Quitting and Quiet Firing Are Not New

Quiet Quitting is this new phrase for those employees that are trying to do the bare minimum to not get fired from their work and still collect their pay check.  This can be claimed because people want to have a better work/life balance, quality of life improvement, or just pure mailing it in.

Quiet Firing on the other hand is where management does not want to have the tough discussions with employees about their lack of achievement.  They keep cancelling meetings, not opening time up for one-on-one meetings, not responding to emails.    The manager just makes themselves unavailable to the employees.

So why is this not new.   It’s the same thing we have been talking about with those engagement surveys.  That is right disengagement is the same thing as quiet quitting and quiet firing.  Employees that are disengaged from their work will not be efficient and will not move the organization forward.  Goals will be missed, profits will go down, costs will go up, and the mood from the team also suffers.

What we need to be focused on is not allowing quiet quitting and quiet firing to happen.  We need to be intentional with our employees and managers.  We have to take it upon ourselves to focus our efforts to stay engaged, or we need to find something else. 

There is no quality of life improvement from being disengaged in an area of our lives.   There is no improvement in relationships when we are not engaged.  It is like a pool of water with no movement.  Scum starts forming, and starts to smell bad. 

We need to get our pride put aside and focus on doing our best even if those around us are not putting forth their best.  People will take notice from us going the extra mile and challenge the status quo.  They will start seeing the movement and want to also put forth the extra effort as well. 

We need to make sure that our culture is one of growth and improvement.  One that people will not give up and quit anything.  We need to address issues if there are issues and find ways to give it one more shot.  We need to put forth that effort so we can leave it all out on the field instead of have regrets. 

It is on leadership to set the tone, but here is the thing.  John Maxwell wrote a book called 360 degree leader.  That means that leadership is not just from a title.  Leadership belongs to the individual not the title.  We have to put forth the effort and be the example.  It will become contagious after we build the momentum to go the extra mile.

We can influence the rest of the organization by the way we show up and how we are engaged.  We can either show up and put our best foot forward and be a shining light, or we can be disengaged and pull the organization down. 

It is up to us to be engaged or not engaged.  No new words, no new language, just get engaged and be the change.

Have a great week!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

The Time Is Now To Dig Deep

Welcome to 2023!!

The new year and we are all waking up on the first weekend since the New Years rang in.  We have had one week of back to the grind.  One week of running around getting back into the grove of things.  A week of driving through “winter weather”

This is the time that we get challenged by life against the goals that we recently planned for the new year.  The question is are we going to be able to make it through the remaining 51 weeks of this year.  When the going gets tough and we are hit in the face with adversity.  Where do we look for strength to grind through this?

We need to look at that Purpose Statement like we talked in the last week of December.  That is what has to keep us focused to keep taking one more step.  We need that courage to push farther by looking at that statement of success for our lives.  We need to take a breath and then get back to work for that vision of success with that statement.

How do the goals line up with that purpose statement?  Are they strong enough to handle the punches we take from the daily grind.  Do they have the timing set up so we can gauge success with them?  Do we use the SMART goals?

Are the goals specific, measurable, achievable, relevant, and time bound?  Our goals need to have these five measurables answered.  This way we can see how we are doing as we move throughout the year.  Without them being specific and being too broad we will not be able to understand if we are going the right way.  If they are not measurable and achievable then we will not be able to know where we stand.  For instance, if I say I want to make $20,000 per keynote as a goal I will likely not achieve that.

That goal does not have anything other than a value.  A better goal would be I would like to make $20,000 in the month of February by booking X number of keynotes.  Now that is a smart goal.  That is a goal that I can look at to see where I stand and any time.  That is a goal that is going to keep me on track. 

If I want to construct a new training for my membership page, I can set goals for having the program broken down by a certain time, number of videos recorded and edited by a certain date.  Now I have a direction and a SMART goal set up so I can look at the calendar and then look at my goals to kit that key objective.

What is it that you struggle with goal setting?What keeps you from achieving your goals?What is holding you back from being a success?Reach out or leave a comment below and I would be glad to help you with goal planning.

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

Why Goals Need A Purpose Statement

It’s that time of year again.  Time to celebrate those wins that we had for this past year, time to celebrate the new year coming in just a few short hours.  What will the new year hold for us?  What can we do this new year that we have been unsuccessful in the past years?

If we want to achieve a better tomorrow and a better new year, then we need to start with planning for it.  Goals are just dreams if we do not have a plan of action. 

That is what we are going to talk about on this post.  How can we achieve a better tomorrow by starting our plan today.  If you have been on the goal planning trail for years great, what can we do differently to improve our success rates?  If we are new to goal planning, what can we do to start off with better traction?

One thing that I have done in the past few years is making and refining my Purpose Statement.  Now I have spent a great deal of time and effort to learn about myself and how I am wired.  W

hat I have found is that I am gifted in influencing others to move from here to there by motivating and providing a vision of success with my tenacity to keep moving forward when times get tough.  I am best at this when I am speaking to groups of individuals, teams, and organizations helping them create their process for success and staying disciplined. 

When I am speaking to groups, I actually gain energy.  I know that seems weird for an introvert, but watching people see the light bulb of an idea on how to improve makes me light up as well.  I get encouraged when I know that I am helping someone get to a better way. 

By having my purpose statement, I am better able to direct my goals so that I can have that compass that will align my vision with my steps.  This way I can keep moving in the right direction with my goals.  Not just that I have a goal to lose 10 lbs by a certain time, but that I do so in order to engage with more energy to help others understand how to succeed.

That gives my goals more traction when they are aligned on purpose.  A set of goals with a common focus gives them strength and keeps the fire burning even with times get tough and we want to give up.  I am able to get back off my back when knocked down one more time and keep moving forward so that I can keep helping others. 

I encourage you to do some research on yourself to understand how you are wired when making your goals for the next year so that when you are past the first few weeks of the new year and stress sets in you too are able to move forward.

There many ways to learn more about yourself.  There are assessments like The Predictive Index, Gallop Strength Finders, DISC assessment, Spiritual Gifts Assesssments and Growth Track (churches have been putting these on), and many more.  Pick one and see what you can learn about yourself so that way you can start to have better goals that really fuel your WHY.

For now here is to another year of growth and prosperity!  

Happy New Year Everyone!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

https://kevinsidebottom.kartra.com/page/5AF12 - Sales Process Uncovered Online Training

https://kevinsidebottom.kartra.com/page/68N10 - Trustworthy Online Training

Why We Need Relationships In Business

Good morning everyone,

I remember a story of a successful business owner that had sold his company and stayed on to support the transition.  This owner had a pretty large company that was sold to an organization with a Chief Operating Officer that hated salespeople.  This COO also believed anything done by salespeople could automatically be done through a business transaction from an internal call center.

This same CFO also discussed that business school professors from some of the elite universities even teach that relationship building outside of the professional transaction are not a good idea.  People that are scholars in theory, but unfortunately not life application.

Golf outings were not allowed, customers meals were frowned upon, and basically anything that was not transactional was outlawed.  I have also worked for companies that the focus was purely transactional and there was no focus on growing customer relationships, unless they had a purchase order attached.  Now I am not saying you have to validate a golf outing with this blog, but the fact that relationship building is important. 

If you are not meeting with customers regularly to learn about their needs, then how are you going to build influence?  Sales is influence and the more influence you have the more sales you make.  A lack of influence will quickly turn you and your product into a commodity!  The only differentiating factor for a commodity is price.  Then starts the race to the bottom where there is no margin and likely no quality.

Some of the most successful business owners that I have had the chance to sit with state that it is imperative to build the relationship with the customer.  I have also been able to visit some of my old customers that I have not called on in years. They will smile, ask me out to dinner, and sit with me for hours to discuss where they are at with their current business situations.  They even have asked for insight on what I might recommend still to this day!  It is a great feeling that I was able to influence individuals enough that they will take time to catch up as well as look for my advice.

These conversations would not have happened had I not worked on the personal side of the business as much as the transactional side.  Knowing your customers on a personal level and understanding their aspirations is a huge benefit.  People want to know that they matter to you.  Building that relationship is extremely important. 

It is almost an art form watching an old sales professional work the personal relationship and send birthday cards for the customer’s family, as well as celebrating wins that the customer has had.  Meetings on the golf course have transacted in large business deals that cannot be instantaneously measured.  Looking back on the sales process and building relationships will allow your business to grow with your customers.   The transactions do happen, but after work on the personal side.  People will not buy from you if they do not know, like, and trust you. 

I encourage you to leverage the personal side of business along with the professional side.  If learning about people was not important than why do Amazon, Facebook, and your smart phones listen in on your conversations as well as track your searches?  Statistics have shown that when there is a relationship in place between organizations a great deal of growth has happened as well.

Send a card for your customer’s birthdays, kids’ birthdays, weddings, anniversaries, etc.  It is a great feeling to celebrate with your customers and form lasting relationships. 

Remember the first buying decision a potential customer makes is the Salesperson.  Grow that relationship!

Have a great week!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

https://kevinsidebottom.kartra.com/page/5AF12 - Sales Process Uncovered Online Training

https://kevinsidebottom.kartra.com/page/68N10 - Trustworthy Online Training

Why You Need The Three F's

When I am on stage speaking, I bring the audience in to where I began in sales.  I was working for a 6-foot 5-inch ex-Navy Seal.  He was a successful driven business leader.  He was intense and was always moving forward.  He also flipped my thought process upside down.

Growing up in my blue-collar family it was always pressed to do my best and do it perfect.  I am also a “one” on the Enneagram so I naturally trying to make things better and as close to perfect as possible.  I was devastated when I got into college and my best would however only generate B’s and C’s.  Highschool was easy to obtain A’s, but college was a whole different ball game.

I was failing to get A’s and I was pissed off and angry throughout college.  I graduated with an electrical engineering degree and had a great job right out of college, but I always looked back that I was not perfect in college.  It left a feeling that I was not good enough back then.

In reality no one is totally perfect.  We all have flaws.  No one can do everything perfect the first time either.  What we do is Fail Forward Fast.  Fail Forward Fast is a phrase that navy seal operators use quite often in training.

Navy seals as I was taught by my mentor are okay with set-backs.  Fail Forward Fast works like this.  Apply action -> review -> apply action for a constant loop for improvement of whatever the situation is.  Failure is not about making a mistake; failure is giving up. 

It’s okay to have a set back and learn from it so that when you are attacking the same activity the next time you move through it more efficiently.  The cool part is that the action does not have to be a massive game changer.  It is small incremental adjustments as you go through the loop.  

Another benefit from this small action is that doubt is eliminated through action.  Figuring out the next small step will keep doubt from tackling us from behind and stopping us from moving forward in our process.  How awesome is that!  A small step of action puts doubt on its butt and allows us to move forward.

Do you remember riding a bike without training wheels for the first time?  Most of us as children would fall, get back on the bike and moved a little farther, fall again, get back on the bike and moved farther and farther each time until we were riding the bike without assistance from anyone.  It took a progression and learning how to balance while pedaling and occasionally stopping before running into something.  It is rare for someone to just jump on a bike for the first time and get it perfect. 

I love the Fail Forward Fast because when I am working on a project and the “Have to be perfect” phase pops in my head, and I am able to remind myself that it is okay.  Sometimes I also find out that the desired outcome that I had was not the one I needed to be shooting for.  I am able to pivot towards the better desired outcome instead of coming to the end of the experience and learning that I am nowhere near where I truly need to be.

Fail Forward Fast is essential in all growth and I have applied it to my life so that I can keep going when tough times happen.  Sometimes we just need to focus on one small step at a time to keep moving forward instead of looking at the long path that is ahead of us. 

I hope this blog is helpful to you.  If it is, please leave a comment below of how this or another blog post has helped you!

Have a great week!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

https://kevinsidebottom.kartra.com/page/5AF12 - Sales Process Uncovered Online Training

https://kevinsidebottom.kartra.com/page/68N10 - Trustworthy Online Training

How Much Is Your Time Worth?

When do I hire something out rather than doing it myself? 

Why would I pay someone else to do the work that I know I can do?

Have you ever asked these questions when you had a project that you needed to tackle?

Now that I am into my 40’s I am really having to weigh out how much work I should be doing and how much I should be hiring out.  My father taught me quite a bit to be handy around the house.  I can change out electrical outlets, switches, lights, ceiling fans, tiling, roofs, plumbing, do spreadsheets, sell, etc. 

I can do even more now with all the experiences I have had with homes including flipping one while I did all of the work. Most of the time I would have extra experience as I would have to do it twice do to trying to short cut something.  A good rule of thumb in my experience is that a well performed project should not reveal extra screws, bolts, or other retention components when are you finished. 

What I have sometimes wondered is if I am at a deficit because I am capable of using my own hands and time to do quite a bit.  I struggle with that I can do the project, but is it the most beneficial use of my time.  I want to do it to show myself that I can, but is this approach worth it?  This has been hard because small projects are very therapeutic for me.  I can work on something that is completed in a small amount of time compared to most of my projects that take months upon months to work on.  It’s nice to be able to step back and look at something that I have created with my own hands.  The issue is that I am doing this at a cost that I have never previously rationalized.

My mentor when I first got into sales taught me that wealthy people put a value on TIME.  When working on projects, thinking about investments, they calculate the cost of their time that will be invested in the project.  Time is something that we have a limited supply of.  When we are born time seems to be ticking away until we finally expire.  We cannot add hours in the day, multiply our time, we can only invest our time into those areas that we feel most important.

Lately I have had to start hiring out the work on my house so I can keep moving my business and projects forward.  I have had to put a value per hour that I would have to pay myself to perform the task.  If the quotes from contractors come in lower, or even close to my cost, I typically hire them to perform the work even if I am capable of doing it.   Most of the time they can actually do the work faster as well. 

I had to have two foundation walls on my house dug up, pushed back straight, reinforced, sealed, and then back filled. Now I am fully capable in doing this work, but it would have taken me months to complete.  I did not have the time to do this on top of everything I am working on.  It took the contractor three weeks to complete and I was able to work on other projects.  The cost for them to do all this work and in the time they did it was less than it would have taken me.  Sure, I would have been able to use digging equipment which would have been fun, but they did it for cheaper than I could with all of the time that would have been involved from me to do the project.

When preparing for that next project, career change, purchase of a home, or moving dirt think about the cost of your time as a function of the investment.   Think about the amount of work and hours that you will need to complete.  Then think about how much it would cost for you to do the work compared to hiring it out so you can be freed up to do other things that are more important. 

For those of you looking for a new job, this should definitely be part of your decision if you are going to change companies.  If the new company that you are interviewing is for instance 15 minutes each way longer of a drive, you need to calculate that into your salary expectations?  See 15 minutes each way is 30 minutes a day.  Multiplied by five working days a week is 2 ½ hours a week more driving when you could be doing something else.  Now assuming you have to only work 48 weeks a year that is 120 hours a hear you will be in the car more than in your current position.  Say you make $25/ hour, that is $3000 a year that you are losing to driving.  That is also not calculating the operating costs of your vehicle or fuel.

Next time you are figuring out a budget for a project you are about to take part in make sure you are also figuring in how much your time is worth.  It may reveal that training someone else may be able to do the smaller items so that you can focus on the higher value items.  If you are looking for a new career figure out the time investment and keep the focus on if it will get you closer to where you want to be in the time frame you are working with. 

Time is a precious commodity and we need to protect it’s value! 

Have a great week!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

https://kevinsidebottom.kartra.com/page/5AF12 - Sales Process Uncovered Online Training

https://kevinsidebottom.kartra.com/page/68N10 - Trustworthy Online Training

How Do We Figure Out The Correct Leadership Program

How do organizations make the decision on what is the correct leadership program they need?  How do they implement fast and impactful curriculums with all the options in the marketplace?

A great deal of organizations look for implementation of new educational training for those they want to groom in their succession plans.  No off the shelf program seems to be the perfect fit for these organizations.  Yes ,it’s easy to implement something off the shelf, but why do something that is generic compared to what we want our organization to focus on?

I have been asked this question a few times in recently and the first thing I ask is what does your organization think is most important, besides profits…. Sometimes I get a pretty decent answer, but most times I get a blank stare which quickly refers to the mission or vision statements.

Core values, mission statements, and vision statements, are all good starting points.  The culture that the organization has is the main light for what the organization stands for.  What is the culture of our organization is what leaders need to look at.  What is the culture of  the organization is the heartbeat.    

We also need to know what goals the organization has for the next 1,3,10 years.  Where are we and where are we going is another core to what the leadership needs to focus the messaging of their leadership training on. 

The leadership needs to also look at the team members they want to groom to see where they need improvement on. 

We need to think of leadership like a toolbox.  We need to have tools for everyday use which off the shelf programs offer, but we also need specialty tools for those more complex jobs.  A screwdriver will not work on a plumbing fix, and a wrench will likely not work on an electrical issue. 

The same thought for our leadership programs is where we need to look in and see what our future leaders are going to need to take the organization farther than what we can.  If we want to grow the organization what we know and what our future leaders know is crucial. 

We need to look at ourselves and then grow ourselves.  Bringing in multiple consultants to help with the specific tools that are needed will help the organization gain traction faster.  Specialists are paid more in the medical field because they are higher trained in the specific area.  The same can be said for leadership consultants. 

This will take some time so don’t think that implementation will happen overnight.  The leadership team will need to meet a few times to make this decision.  It’s an important decision as we want the organization to grow and flourish in the future.  Take time and plan accordingly with the leadership team before starting the search for the right program. 

If we do this correctly, then we can look forward to long life for our organization even when we are relaxing in retirement rooting from the sidelines.

Have a great week!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

https://kevinsidebottom.kartra.com/page/5AF12 - Sales Process Uncovered Online Training

https://kevinsidebottom.kartra.com/page/68N10 - Trustworthy Online Training

Light It Up!

Have you ever thought you can’t make a difference?  The subject matter you are facing is just too big for you to make a dent?  Your light is not bright enough to cast out the darkness ahead?

I was at CMA fest with my wife and friends this past summer in Nashville, TN.  I’m not a huge country music person after say the early 2000’s.  I mainly listen to other types of music.  At the event I was not as knowledgeable of some songs as the rest of the group.  I also didn’t know all of the musicians.  

During one of the sets Luke Bryan was singing and asking people to pull out their phones and “light it up.”  One by one we saw phones lighting up the stadium so much that when they turned the stadium lights it was like nothing had changed. Yes, there were over 60,000 people in attendance to do this. 

These little cell phone lights work good for close up needs for an individual, but for one phone to try to cast out the darkness in a stadium it would be difficult.  To do it together though, the darkness was cast right out.  It was interesting to see thousands of lights making this place light up.

We need others to walk with us on our mission which means we need to reach out to them for help.  This world of social media and movies make it seem like we need to be a lone wolf.  If you know anything about wolves they only survive in their packs.  On their own they die off quickly.

Just like wolves and cell phone lights we need others to come along side us to move forward.  We need to be able to ask for help, use our leadership skills to gain engagement, and be vulnerable.  That’s right we need to be vulnerable and ask for help.  One of the key ingredients of influence is vulnerability.  Yes, just like cooking, if we miss an ingredient the meal does not tast good and is tossed out.  

It is scary, but we have to take the risk to let others see who we are and they will more than likely offer a hand to help. We need to be comfortable in the uncomfortable in order to move forward with others.  Yes it’s messy sometimes, and there are different points of view that we need to work through on different topics.  We need to push through the hard stuff to get to the place we want to go.

There is the quote that says, if we want to go fast go by ourselves, but if we want to go far, we need to go with others.  

Just like scaling mount Everest, we need to have a group of people to reach the summit.  Most of those that have tried to do it by themselves have failed, or paid the ultimate price.  

Work with others and be vulnerable to be able to move forward is key.  

If we do then we can light up the world!

Have a great week!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

https://kevinsidebottom.kartra.com/page/5AF12 - Sales Process Uncovered Online Training

https://kevinsidebottom.kartra.com/page/68N10 - Trustworthy Online Training

Not Customer Service, But Customer Experience

Have you ever had to wait an extremely long time for your food at a restaurant when you were starving?  Asking the wait staff for an update on the food seemed to bother them from their already busy agenda.  Meanwhile we believe that death is at our door. 

Upon asking the wait staff for an update, they seem not to care sometimes.  Sometimes we might get a part of the order taken off our bill.  Maybe the manager has to get involved to resolve the issue.  Tips are dwindled and the likelihood of returning to the establishment decreases by the second.

I was in Franklin Tennessee which is about 30 minutes south of Nashville this past summer.  It’s a great city where a lot of country singers live and other wealthy individuals.  It is a great little downtown filled with restaurants and shops.  There is one establishment that people rave about so the group of us decided to stop in.

We weren’t starving, but we decided to venture in and check it out.  I won’t give the name away, but they have these things called BONUTS that are delicious.  We ordered a set to go as well as some sweet tea.  You can’t go south without having sweet tea! 

After we ordered the person taking the order advised us to wait at a table in the middle of the room.  After about 15 minutes the waitress came by with a plate with BONUTS on them and we were confused because we asked for “to go”.  She dropped these off and then said she would get us some to go.

Another 15 minutes went by and nothing.  Now we had already paid so we were getting ready to just stand up and leave.  Figuring we had gotten what we paid for so no really harm done just some time spent waiting. 

We had asked someone working there to see if the order was coming soon and they went to check.  When they came back, they gave us a refund, gave us the to go order, and then another order because we sat for so long.   They also refused repeatedly to take the money back.  I mean we got what we paid for, but they were insistent that we be refunded. 

The running total now is three orders of BONUTS and a full refund because they were sorry for the wait.  I mean that is over and above customer service.  Not just here is your order, but here is your money back as well and oh let’s give you another order.  That is exceptional service and that is what drives customer loyalty.

When we go back to the Nashville area again, where do you think we will be going.  When I hear friends and family are traveling there, what do you think I will tell them when I mention places to stop?

When we are serving customers, we need to think about the customer experience.  Not that others should perform the job that are supposed to, but if we come in contact with the customer and they express a need we need to serve them well also.  We need to make sure we do our best to give the customer a great experience. 

If we do serve the customer well and provide an exceptional experience then they will be like sales people for us.  Just like I am writing about my story to share with all of you.  Our customers will share with all of their friends and family about the exceptional experience. 

Keep that in mind when serving customers and how we approach them.  We need to give them an exceptional experience if we want to drive customer loyalty.  Not just a punch card, but experience is what generates customer loyalty.

Now the flip side to that is if we underserve and provide a poor customer experience, what do you think they will say about our organization. 

We reap what we sow.  Plant seeds of exceptional experience and we will reap a great harvest in the future.

Have a great week!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

https://kevinsidebottom.kartra.com/page/5AF12 - Sales Process Uncovered Online Training

https://kevinsidebottom.kartra.com/page/68N10 - Trustworthy Online Training

Are You Using A Compass?

Naval Captains, and old explorers used these interesting yet simple tools called compasses to help navigate how to get where they wanted to go.  Yes, they used other tools, but this one tool helped them stay on track for their headings.   Even in storms they used these compasses to stay the course.

Today we use directions and a voice in our navigations tools to tell us turn by turn which way to go.  The early days had us sometimes driving on unpaved roads and some stories of people driving right into water because they believed the navigation units solely. 

In our everyday lives we need to use a tool that helps us stay on track.  There are many names for the tool like mission statement, vision statement, goals, etc.  I like to call it my compass.  I have a compass that I have created to help me use what I know about myself and how I am wired to make planning for the year have the best chance of success with my goals.

Yes, it is something from church, but it’s a took the DISC assessment, a gifts assessment, and our passions to help us make a purpose statement.  We need to live on purpose otherwise will just be drifting along with no direction.  Those that are intentional and lean into their compass do move forward with great speed and intentionality. 

By having a compass (purpose statement) we can eliminate detours that take away the most precious commodity we have available…TIME.  Yes, time is something that we are not able to add, multiple, but only subtract and sometimes divide.  We lose a lot of time and energy if we are doing tasks that don’t align with what fuels us forward.

Ever get to the end of day 30 and you are still worn out, tired, and with an empty tank?  Sure, we did something, but did that something actually get us closer to where we want to go?  Did it give us more tools to help us move faster in the future?

I have been in seasons where I was serving on countless non-profit activities, serving the community as a volunteer fire fighter, playing in adult flag football leagues, etc.  These all seemed fun, but did they help me get to my end goal?  I still support in some ways and have an active community, but I have chosen to put my energy in learning how to communicate better and help others through this blog, my Youtube channel, and my trainings to help businesses and leaders succeed. 

I have been intentional over the past decade to make sure my family will be taken care of, preparing for my later years, and how to help impact others for the better.  I have said no to good things in order to say yes to great things.  It has and is still a charted course I am on, but I know the path I need to take to get there.  Without my compass this would not be possible.

Having a compass to guide our path to the future selves we want to have, we need to be intentional and know what it is that we want to achieve.  It can be monetary, but it can also be relationally.  We should have a compass and a clear vision of where we want to go, before we just start moving because we only have a short period of time to get there before the sands of time run out for each one of us.

What does your compass look like?

Have a great week!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

https://kevinsidebottom.kartra.com/page/5AF12 - Sales Process Uncovered Online Training

https://kevinsidebottom.kartra.com/page/68N10 - Trustworthy Online Training

Just One More...

Have you ever wanted to just give up?  This fight is just too much and why am I still doing this?  It’s just too much effort and it shouldn’t be this hard?  Do you still get up and give it one more shot anyways?

We all get knocked down many times in our lives with different set-backs.  Set-backs are not failure.  I don’t like the word failing unless I have totally given up.  Set-backs are just what they sound.  In football set-backs are like getting hit behind the line of scrimmage by another person that loses you a yard or so.  Basically, losing momentum for a short period of time.

As long as we keep getting back up and trying one more time we are not failing.  I have had many set-backs in my life, whether they be relationships, business, financial, health, etc.  One thing that I can pride myself on is that I got back up and gave it just one more shot. 

Yes, we should not just keep running into a brick wall in hopes it will break down finally by some miracle.  There are times when we have to walk away, but those come after we have set our limit of how much we are willing to try.  I have even given one more try even after that limit as well.  I guess I am just stubborn.

I like to make sure that I have exhausted every opportunity before I walk away from something.  Yes, it may have given me more pain, but in most instances, it has been that “one more try” that has elevated me past the issue and I have moved forward. 

Too much of our culture is set up that if there is any kind of resistance then we should try something else, or move away. We have a Failure Culture in this world that says if something is hard, then we should move to something easier so that we can have that sought after “good life.”

I have met many successful individuals and one thing that they all have in common is that they have gotten back up with that “one more try “mentality.  They face challenges, get knocked down, and get back up.  Some may take a little longer than others, but they still get back up. 

We must keep grinding especially if it is that dream that we have had since we were younger.  Our mission that we set out on, the path we were born for.  We need to keep getting back up and driving forward.  Just one more step, one more pushup, one more phone call, will get us closer to the that goal. 

Having that “one more try” mentality will allow up to build up our resilience muscle so we are stronger.  We need this if we are going to grow any kind of life change, business, or movement.  So get back up and give it one more try because you can do it!

Have a great week!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

https://kevinsidebottom.kartra.com/page/5AF12 - Sales Process Uncovered Online Training

https://kevinsidebottom.kartra.com/page/68N10 - Trustworthy Online Training

Business Decisions Through This Filter

When I first entered the sales force, I was instructed to view my territory as if it was my own company and make decisions as such.  This was hard for me as an engineer because I was used to thinking about projects that someone else told me to work on. 

I didn’t have a business degree.  I didn’t have any understanding of how a business functioned outside of my little box of fixing and redesigning things.  This was hard for me to wrap my black and white, ones and zeros mind around.  What was this grey area people talked about?

As you can see thinking about my sales territory as if it was my own company was not an easy task for me.  It took me really making efforts to learn about business and learn from a mentor before I was able to wrap my mind around the concept.  This was not an over-night thing either.

I started reading books, taking trainings, and constantly learning so that I would be able to apply this concept.  That is why I am able to run my own company.  Without that prior training this would not have been possible.

Far too often people get into business by making a product / service and learn from one hardship after another.  Yes, it is okay to learn from mistakes and we typically learn more than when we have successes.  We should start out taking a business class when we start to go out on our own.  Not a full four year degree, but learning about business terms.

Not only will it help us learn more about business, but it will increase our capacity at our current job helping us to understand decisions better.  This makes us more valuable at our current job, and then helps us start out better on our future careers.  It’s like deciding to put on shoes prior running over rocky terrain. 

So how do we wrap our minds around this?  How do we decide our current position in finance, or materials would be our business.  By simply filtering our decisions through  this statement. “If this was my business would I make this decision.” 

Most people function as this is someone else’s pocket the cost is coming out of so they don’t think twice of spending the money.  I remember a conference when the speaker stated that we are to reach into our pockets to give something to charity, then follows up it by having us hand our wallets to the person to our left.  Now we are asked how much we would be willing to give to charity. 

Everyone erupted in laughter because we would empty the other person’s wallet without thinking, but when it was our own wallet… 

If we start filter business decisions through this filter as this is my company before we make the decision, we will make better decisions for the organization.   We will be more connected psychologically to the decision as well. 

Next time you are to make a decision in business, frame it in this mindset and see if your view changes.

Have a great week!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

https://kevinsidebottom.kartra.com/page/5AF12 - Sales Process Uncovered Online Training

https://kevinsidebottom.kartra.com/page/68N10 - Trustworthy Online Training

Profitability vs. Revenue

I pride myself as being a dumb sales guy.  I do that as joking with customers when we have talks to lower the bar so when I over deliver, I look better in their eyes. 

One thing that I had to learn as I played in larger value discussions is understanding that more revenue did not make the organization more profitable.  That’s right, just selling more stuff does not out sell our costs sometimes.  When we are setting up sales prices to drive our revenue, we really need to study the P and L.  That’s profit and loss.

As I have grown my capacity as a sales professional, I have learned that profitability is more important than sales revenue.  If we sell at negative profit margins then we will soon be bankrupt.  Unfortunately, I did not understand this concept when I first got into sales.

I was constantly frustrated when we would have a sales program that would have iteration 4 by the time I booked half of my customers.  I would have to keep changing my prices weekly so some customers would get a price increase, or decrease and there was no way I could control it.

Let me share a word of advice.  If you think customers don’t talk to each other even though they say they are adversaries, you are wrong.  They talk and usually are more friends than we realize. 

What can we do as sales professionals to understand the profit and loss better?  Why not ask questions and continue to learn how the organization functions?  If it is an organization that fosters a culture of growth and service then they will likely see this request as a way to help groom a future executive. 

We need to understand the basics of our profitability if we are going to sit with a customer because they will always ask for a better deal.  We do it whenever we go out and shop, so why wouldn’t our customers ask.  When we understand our profitability then we can truly know why we can or can not drop the price.  We need to understand this if we are going to be successful.

If we go out and sell a bunch of products / services at losses we will soon be “promoted to customer.”  That’s just a nice way of saying fired.  We need to take pride in understanding our profitability if we are going to succeed. 

This does not mean that we need to go to college to get a financial degree to understand terms.  I haven’t done that.  We should learn about those terms and understand a P and L sheet as well as ask questions.  Yes, we have to be vulnerable enough to ask for clarification and understanding.  This is hard for sales people because we want to think we know everything.  The truly smartest people are those that know their limits and are okay with being vulnerable to learn.

Knowing our profitability will allow us to gain more success and a better future.

Have a great week!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

https://kevinsidebottom.kartra.com/page/5AF12 - Sales Process Uncovered Online Training

https://kevinsidebottom.kartra.com/page/68N10 - Trustworthy Online Training

It's Hard To Move Away From The Cheapest Price

Have you ever wanted to win business so bad you felt compelled to drop your sales price?  Was there a customer that seemed so good to be true that you needed to decrease the price to secure this new business?  How about a large organization that would be the largest sales volume for you and your organization that you wanted to win it no matter what.

These are some of the stories I hear all the time and then when the win misses the volumes that were guaranteed the sales team is accused of missing the revenue.  Then the sales team is informed they need to get a price increase not tool long after the business is secured.

I have had to do this a few times in my history in sales.  One occasion was when business was won prior to me coming aboard and it was done so at such low profit that when we looked at the financials we were actually losing money every time we shipped something to the customer.

Guess who got tasked with a 20 percent increase.  Before you think 20 percent is not that much, it was on items that cost over $3000 per item.  That impact would affect the customer my millions each year.  Especially since they had orders already secured by their customers.

Typically, there are increases of a few percentage points, less in double digits, and very little that have a two in front of them.  The customer relationship was stressed and that will likely lead them to find ways to sell product for less money.  That is usually done by resourcing product.

I say this to highlight when we are selling to customers, we need to make sure that we stand behind our value and not just try to sell a product / service.  If we stand behind the value then we can have a conversation up front with the customer to let them know that we can offer a product / service for this investment.  We can stand firm in the value we offer and not have uncomfortable discussions in the future. 

We may lose some opportunities, but we will be known to the marketplace as the higher value option and we will still have customers that want to invest.  This also helps us really find who our ideal customer is.  Do we want someone that will try to decrease our price at every turn in the future and treat us like a commodity, or do we want someone that will want to partner with us and invest in the higher value product / service.

Sales teams sometimes forget that we offer value and we should know that we are not willing to lower our value for a new customer unless we have calls to action in the agreement that if the customer does not hit volumes, then we are able to come back for discussions.  We need to stand by our value we offer.

Without setting value for ourselves, the customer won’t either.  We need to make sure that the relationship is a mutual one and not just a one-way commodity purchased.  When we can achieve these kind of customers that view us as true partners that are not just trying to cut out pricing at every turn, we will be more profitable and have less of these price increase discussions in the future.  Both parties will function well and make profits.

Have a great week!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

https://kevinsidebottom.kartra.com/page/5AF12 - Sales Process Uncovered Online Training

https://kevinsidebottom.kartra.com/page/68N10 - Trustworthy Online Training

How To Build Rapport

Having rapport with others is crucial if we are going to move forward together.  We need engagement and that begins with rapport.  If we don’t have any kind of relational collateral, then we will not be able to ask people to walk with us on a adventure.

First and foremost, we need to remember that when we are hosting meetings, we are asking others to give up one of their most precious commodities.  Something they can not add, multiple, but only subtract.  It’s their time.  Time is the most precious of commodities to individuals and organizations.

We need to make sure that we are focused on others if we are going to build engagement.  To do that we need to build relationships with them.  The hot word on this topic currently is Rapport.  If you have heard me speak at any event / training you know that I believe rapport is something we should start with, but we need to go deeper with others.

That is why I do the house exercise in my trainings to help individuals take the focus off ourselves and onto the others they are engaging with. 

Now it is hard to build rapport with people at first because most people are guarded.  We need to make extra efforts to build that exchange.  We can do a few things prior to meeting with the individuals.

Social Investigating – we can look up their social profiles to learn a little bit about them prior to meeting with these individuals the next time.  What are their hobbies, what does their family situation look like, what are their interests, etc.  Do they post about certain topics that resonate with us?  Where can we find common ground?

CRM – keep a customer relationship management tool in use when learning about people.  The more we learn the more we can relate.  If they say something in a meeting, or talk about their weekend experience in passing, write it down.  We can’t remember everything especially as we get older, but we can review our crm profile prior to meeting with the individual again.

Social Proof – This phenomenon is really effective in growing trust fast.  Basically, it is having someone that we know and have a good relationship with that knows the person that we are trying to gain trust and influence with introduce us.  The mutual person is actually allowing us to have levels of trust immediately with the new person.  Some call it the Oprah Effect that when someone was on Oprah’s show they immediately were known as someone of trust and an authority in their field.  It was overnight that these people had authority. 

These are a few ideas, but the main topic is taking the focus off ourselves and our needs and turn the focus on others.  When we do that, we will grow levels of trust and engagement with others.

Have a great week!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

https://kevinsidebottom.kartra.com/page/5AF12 - Sales Process Uncovered Online Training

https://kevinsidebottom.kartra.com/page/68N10 - Trustworthy Online Training

How To Build Rapport In Online Meetings

How many times have you been on a meeting that people seemed to be bothered to be in?  How many times did people drive a lack of engagement and have to be asked multiple times to respond?  This is a topic that effects most people working in this world utilizing online meetings more than ever before.

Last week I talked about The Ringleman Effect of larger meetings and why it drove lack of engagement.  I ended that topic with the need to build rapport during meetings with others.   

This week we will focus on ways to gain rapport with others so that way we can gain more engagement during online meetings.

First and foremost, we need to remember that when we are hosting meetings, we are asking others to give up one of their most precious commodities.  Something they can not add, multiple, but only subtract.  It’s their time.  Time is the most precious of commodities to individuals and organizations.

We need to make sure that we are focused on others if we are going to build engagement.  To do that we need to build relationships with them.  The hot word on this topic currently is Rapport.  If you have heard me speak at any event / training you know that I believe rapport is something we should start with, but we need to go deeper with others.

That is why I do the house exercise in my trainings to help individuals take the focus off ourselves and onto the others they are engaging with. 

We can start with rapport building, but the focus is to really care about others so much so that we want to learn about them and help them.  When we do this, we will build trust and engagement.

For online meetings a good resource is “Virtual Selling” chapter 4.  I am always looking to grow my capacity and I do that even by investing in reading material from other professionals.  We are all in this together.  This book that I am reading has a great deal of ideas on how to grow rapport during online meetings. 

This book goes into the differences between 2D virtual meetings and face to face meetings.  Where we can usually have casual discussion before and after a meeting naturally in real world meetings, but on virtural meetings typically the start right into the meat of the meeting.  There is little if not zero time to have casual discussions.

It’s harder in the virtual meeting to build rapport, but there are some ways that we can do this if we pay attention to details and focus on those in the meeting.  Having smaller meeting sizes will also help us with this.  This book gives 20 questions to ask during the meeting with others to learn and grow rapport.

They also have a few rules like authenticity, similarity, and shared experiences which is similar to what we would do when meeting in person.  One thing they suggest is to ask someone to stay after for a few minutes so we can dive deeper into a comment that person made during the meeting.  Not earth shattering epiphany, but one that will gain small deposits of rapport over time.  We will also know if we have some relational collateral with them if they accept, or decline. 

Learning how to run virtual meetings and building trust and influence is going to be crucial as we go forward with this ever-changing environment.  More and more people are choosing to work remote which makes it harder to build rapport.  We can’t take them out for coffee, or a meal as often.  We can set up a quick call to share coffee online, but I would be hesitant to eat food online in front of them.  It will save them if we spit our food when we talk I guess… 

Focus on learning about people and expanding our knowledge how to build trust and influence will go a long way in growing our sales capacity in the next decade as technology makes it harder for us to meet in person.

Have a great week!

“Businesses wonder why it is still hard to be thought of as the brand of choice with customers.  How can our business make more profitable transactions and stay out of the commodity battle with low profits?  I equip your sales team to walk with the customer through the five buying decisions, and in the correct order to generate explosive revenues with greater profits!”

www.kevinsidebottom.com

https://drive.google.com/file/d/1lWIVasmkFsoYL4h0AqIZgH6LC3qaw_gI/view?usp=sharing – client profile sheet

https://www.amazon.com/Sales-Process-Uncovered-Success-Influence/dp/0578421518 - Book

https://kevinsidebottom.kartra.com/page/5AF12 - Sales Process Uncovered Online Training

https://kevinsidebottom.kartra.com/page/68N10 - Trustworthy Online Training