24
The AESKOPP System and the Steps of Selling 06/26/22 1

The AESKOPP System and the Steps of Selling 2/26/20141

Embed Size (px)

Citation preview

Page 1: The AESKOPP System and the Steps of Selling 2/26/20141

The AESKOPP System and the Steps of Selling

04/10/23 1

Page 2: The AESKOPP System and the Steps of Selling 2/26/20141

Old Paradigms of Selling

Don’t work because:– Today’s media buyers are more sensitive to

traditional sales techniques, manipulation, and tricks.

– Today’s buyers have a multitude of complex alternatives they can buy.

They need help making decisions. They will let you help them only if they trust you. They need solutions to complex problems.

– Procurement departments and consultants make it harder, more commodity oriented.

– Solutions, insight, and Big Idea selling is a diagnose and deliver model, not and “tell and sell” one.

04/10/23 2

Page 3: The AESKOPP System and the Steps of Selling 2/26/20141

Old Paradigms

Don’t work because:– Your competitors provide buyers with more

choices, and they don’t have to deal with anyone who doesn’t give them insights, new solutions, satisfy their personal needs, who they don’t like, or who they don’t trust.

– Competitors are providing solutions, too, at reduced prices.

– So, you have to be better and smarter at managing relationships and taking control of the conversation.

Teaching, Tailoring, and Taking Control

04/10/23 3

Page 4: The AESKOPP System and the Steps of Selling 2/26/20141

The New Paradigm

The customer is not the opponent – not someone to be overcome or beaten.

The customer is a partner who needs:– A trusting relationship– Insights– Solutions– Big Ideas– Business and personal needs and wants met– Concerns addressed– A win-win, fair agreement– To get started before a competitor does

04/10/23 4

Page 5: The AESKOPP System and the Steps of Selling 2/26/20141

The AESKOPP System

Success in selling requires:– Attitude– Emotional Intelligence– Skills– Knowledge– Opportunity– Preparation– Persistence

Multiplicative = No element can be zero, or there is no success.

04/10/23 5

Page 6: The AESKOPP System and the Steps of Selling 2/26/20141

Solution Selling Is Need-Satisfaction Selling

Relationship Rule#1 (The New Golden Rule): “Do unto others as they would have others do unto them.”

Uncover and define problems (challenges) and needs.– Business problems (rational, often ill-defined –

where your insights come in)– Personal needs (emotional, unconscious)

Solution, insight, Big Idea, and need-satisfaction selling is hard work– Requires emotional intelligence, interpersonal skills

04/10/23 6

Page 7: The AESKOPP System and the Steps of Selling 2/26/20141

How To Recognize Needs

Relationship Rule #2: “People like and trust people exactly like themselves.”

Get people to like and trust you and they will open up and tell you who they are.

Then you can position your proposal according to the needs and focus you uncover.– You can’t uncover needs in one call - takes

time to understand someone.

04/10/23 7

Page 8: The AESKOPP System and the Steps of Selling 2/26/20141

Understand Personal/Emotional Needs

You must understand prospect’s personal/emotional needs and focus so you can position your features, advantages, and benefits.– Which would you prefer:

Trying to sell something to a total stranger? Trying to sell something to a friend who you knew

intimately?

04/10/23 8

Page 9: The AESKOPP System and the Steps of Selling 2/26/20141

Features, Advantages, Benefits Features: What you’ve got.

– Channels, splash-screens, packages, special programs and promotions

Advantages: Why what you’ve got is better.– Differential competitive advantage

Benefits: How it solves a problem.– Always remember WIIFM

The client is asking himself silently to every feature you describe, “What’s In It For Me?”

04/10/23 9

Page 10: The AESKOPP System and the Steps of Selling 2/26/20141

Solution, Insight, and Big Idea Selling

Position features, advantages, and benefits as solutions.

Give insights on their business Tell them how to buy your medium Position features, advantages, and

benefits according to needs and focus (promotion or prevention)– Business/rational needs– Personal/emotional needs

04/10/23 10

Page 11: The AESKOPP System and the Steps of Selling 2/26/20141

Solution Selling

Relationship Rule #3: “People don’t care how much you know until they know how much you care.”

The best way to let people know how much you care is to listen.

04/10/23 11

Page 12: The AESKOPP System and the Steps of Selling 2/26/20141

Solution Selling

Position features, advantages, and benefits positively as solutions to advertising and marketing problems.

Don’t knock the competition.– You can’t sell what they don’t have.– You can only sell the features, advantages, and

benefits you have.

04/10/23 12

Page 13: The AESKOPP System and the Steps of Selling 2/26/20141

The Six Steps of Selling– Prospecting– Identifying problems (prospect research,

qualifying)– Generating insights and solutions (research,

strategy, and Big Ideas)– Presenting

Teaching, Tailoring, and Taking Control– Negotiating and closing– Servicing

Account management

Set objectives for each step04/10/23 13

Page 14: The AESKOPP System and the Steps of Selling 2/26/20141

Goals/Objectives Set time-spent objectives for the six steps

of selling, for example:– Prospecting 10%– Identifying problems (discovery) 15%– Generating solutions 10%

(research, strategy) – Presenting 40 %– Closing 20%– Servicing 5%

How much time spent on each varies according the the experience of the person, type of account list, etc.

04/10/23 14

Page 15: The AESKOPP System and the Steps of Selling 2/26/20141

Set Activity Objectives As Well As Revenue Objectives

Calls/Contacts Meetings

– Critical skills: Building rapport and trust Presenting Solving problems/presenting solutions, insights

and Big Ideas Overcoming objections (best way – insights) Addressing concerns

There is a direct correlation between meetings and revenue.

Page 16: The AESKOPP System and the Steps of Selling 2/26/20141

Set Activity Objectives As Well As Revenue Objectives

Revenue objectives don’t work for everyone. Calls, appointments, and presentations lead

to sales, which lead to revenue. By focusing on activities that lead to revenue,

the control of the objective stays with the salesperson.– Salespeople can’t always control the size of the

order they get.– But they can control how many calls they make

and how effective their presentation is. Resonate

Page 17: The AESKOPP System and the Steps of Selling 2/26/20141

Set Activity Goals As Well As Revenue Goals

There must be a well-organized system for tracking and reporting on calls, meetings, presentations, opportunities, sales, and revenue.– Must have details on why opportunities were

won or lost. No recriminations or blame

– Must have an honest pipeline.

04/10/23 17

Page 18: The AESKOPP System and the Steps of Selling 2/26/20141

Prospecting: Creating Opportunities

Developing new business: finding prospects who have advertising and marketing problems (“challenges”)– No one is completely satisfied with their

advertising.– Big Ideas– Insights on how to buy

Especially social media and mobile

04/10/23 18

Page 19: The AESKOPP System and the Steps of Selling 2/26/20141

Identifying Problems (Research and Qualifying)

Prospect research requires solid detective work.– Marketing/research department/function.– Information is power.– Qualifying ( right fit, can you help?)– The more information you get, the more problems,

the more dissatisfaction you uncover, the more objections and concerns you uncover, the more precise and helpful your solutions will be.

– Research has to be conducted pre-call. People don’t have time to tell you their goals, strategies, etc.

04/10/23 19

Page 20: The AESKOPP System and the Steps of Selling 2/26/20141

Generating Solutions and Presenting

Generating solutions is the process of preparation.– Matching opportunities in your medium to prospects’

problems (challenges).

Presenting:– Confidence is everything!– Teaching, Tailoring, Taking Control– Confidence is an attitude, which you control:

Optimism Positive objectives (winning, not avoiding a loss) Visualization Mental rehearsal Do the right thing (honesty)

04/10/23 20

Page 21: The AESKOPP System and the Steps of Selling 2/26/20141

Negotiating and Closing

Don’t negotiate until you’ve created value. The goal of negotiating is to close. Closing

– Help buyers make the right decision.– Create a sense of urgency.– Once you reach an agreement, get out!– Don’t be around when buyer’s remorse sets in.

04/10/23 21

Page 22: The AESKOPP System and the Steps of Selling 2/26/20141

– Be careful about trying to close too aggressively.

– You can create a sense of urgency, but the timetable has to be theirs.

Too much pressure can kill a prospective sale.– High pressure raises suspicion.– People want to buy, they don’t like being “sold”or

“closed.”

04/10/23 22

Page 23: The AESKOPP System and the Steps of Selling 2/26/20141

Servicing (Account Management) You are the unique competitive

advantage. Set servicing and business-increase goals.

04/10/23 23

Page 24: The AESKOPP System and the Steps of Selling 2/26/20141

Partnerships Are the Ultimate Goal of Selling

Remember, the purpose of selling is to create and keep a customer.

And building a customer into a partner is the ultimate goal.– A partnership is a when both sides benefit

mutually and grow each other’s businesses.

04/10/23 24