Upload
quentin-ball
View
218
Download
0
Embed Size (px)
DESCRIPTION
The Referral Network Introduces two important factors: Commonality Endorsement Reduces tension associated with buying ‘cold’ Shortens the selling cycle
Citation preview
Deepening Your Sales Relationships
Training Objectives• Asking for Referrals• Cross-Selling• Overcoming Objections
The Referral Network• Introduces two important factors:
• Commonality• Endorsement
• Reduces tension associated with buying ‘cold’
• Shortens the selling cycle
Building The Referral Network• Focus on relationship building first
• Develop relationships with people that are in a position to help you
• Incorporate this as a part of your daily activities
• Take advantage of business and social situations
Relationship Building• Three Key Actions:
– Listening• Most important• Active listening helps you learn and focus• Repeat what you’ve heard to assure that you were paying attention
– Understanding• You’re positioned to understand customer needs, likes, and dislikes• Expectations can be understood and provide you with direction to fulfill them
– Respond• Can take many different forms – assess best plan of action• Provide support, resources, information
Referral Sources• Prospects
– Get an answer, learn a lesson, or obtain a referral
• Customers– Build and serve your customer base well!
• Other Contacts– Business or social situations– Let people know what you do!
Prospecting for Referrals• Ask for referrals when you have served,
not sold
• Mention early on in the process that you work from referrals
• Upgrade the referral, if possible
Cross-Selling This is the process of offering a new or
existing customer a combination of product lines or programs which provide alternative approaches to their fundraising and school spirit needs.
Cross-Selling, cont’d …• Expand your relationship by offering other
additional fundraising solutions from Original Works• They know us, they know our product quality• Benefits include:
• Increasing school profit• Strengthening customer loyalty• Addressing multiple needs for the customer• Increasing overall customer satisfaction• Higher revenue and commissions
Approaches to Cross-Selling• Three different approaches
– Sell an integrated solution: run OP program one season, a Tile Wall the next, offer Spirit Line to a booster club
– Sell to an unrelated need – Spirit Line to school store
– Sell to a related school – ie. SBYB to elementary school, Tile Wall to high school in same district
Uncovering InformationAsk questions to uncover useful information• What other groups or organizations do they have at the school?• Would the decision maker be the same for those other groups or
organizations?• Is the process for making fundraising decisions different for utilization
of other programs?• Explain the different turnaround times for different programs; what
programs would work best based on these turnaround times?• If it’s necessary to speak with someone else, what would be the
procedure for setting up a meeting with that person(s)? • How is your current feeling or experiences with OWY?
Execute Your Cross-Sell Strategy• Be Knowledgeable
– Fully understand each program
• Present the Opportunity– Informing the customer of other goods/services that will help
meet their fundraising needs
• Leverage Contacts– The right contact for the right program – it may be different!
• View the Long Term– Look at the entire school year, not just a season
• Be a Guide– Guide the prospect through identifying their needs in different
areas. Ask key questions!
Overcoming Objections• Objections are a natural part of the sales
process
• Objections can provide an opportunity to ask questions and better understand the customer and their needs
Objections Q&A“We have already booked all fundraisers
for the year.”– When are programs booked?– Consider running as a fun project for the art
class – still building self-esteem– Opportunity for the school to raise more funds– Ask for a referral!
Objections Q&A“Are your profit margins as high as those
offered by candy or gift-wrap?”– Is this the only criteria for running a program?– No door-to-door selling!– No upfront cost or inventory with OWY– Not necessary to use our SRP– Opportunity to raise more funds by running
both programs at separate times
Objections Q&A“There is no money left in the budget this
year to run the program.”
– Program raises money– Other than a nominal freight charge to ship
artwork to us, no start-up costs
Objections Q&A“We don’t have an art teacher.” or“As an art teacher, I only see each group of
children every other week.”– We provide lesson plans– One-day lesson plans– Other school subjects can utilize the program – Run as an after-school program
Objections Q&A“I don’t think the parents would return the
magnets.”– Use OP program– Reminder magnet notices are provided to the
school for distribution to parents
Summary• Referrals
• There’s no time like the present• Building a network takes time• Identify where you can build your network• Ask for referrals when you have served, not sold
• Cross-Selling• Qualify your customer and address their needs through effective questioning• Know your products and programs• Look at a longer term view• Strengthen your service and relationship to the customer while enhancing your
sales efforts
• Overcoming Objections• Know OWY’s competitive advantages• Know our products, programs, and resources• Practice ‘exclusivity’ – know where to position our programs and when
Thanks & Have a Great Day!