What You Can Learn From a $20,000,000,000 Defense Contract (part 2)
[This is the second in a two-part series on selling to the military. Todd Rogers is our guest blogger today. Todd is a recruiter in a fascinating field—science and defense contracting. His thoughts and experience can be of great help to ALL B2B salespeople.]
In the last post, I focused on how it works when the military buys a big defense contract. I spoke of the process specifically and how it differs from the sales process you might be accustomed to. In this post, we’ll get more into the sales cycle.
Pain or Opportunity
I learned the value of this type of conceptual selling and I apply it daily. I approach each prospect with a typical Caskey mindset. There is something taking place at a prospect’s work site, and someone there is willing to spend time with me to see if my services can address that thing.
Most Recruiters Miss the Sales Mark
Now, I know very few readers are “headhunters,” but I give you this post because this happens to many salespeople today.
The way I see it, businesses hire people for two broad reasons. They have a challenge or pain of some kind and someone else they hire will hopefully make that pain go away.
Or, businesses hire people to help them move closer to some opportunity they perceive within their respective market. If I don’t know the reason why a company would make a hire, then I haven’t done my job.
If the prospect I’m meeting with doesn’t know, or isn’t willing to tell me, why a job is open and also why they would be willing to pay me upwards of $25,000 in fees to fill it, then it’s pretty safe to assume either I really screwed up, or I’m not actually sitting with a prospect who will buy when he sees something he believes will help his business progress towards his goals.
Everyone Says They’re a Decision Maker…But Facts On The Ground Say Something Different
I have lots of prospect calls with lots of people who claim they’re decision makers. But if they can’t tell me, in no uncertain terms, what they hope to accomplish by filling the job we’re discussing, then I continue that meeting purely as a fact finding endeavor.
And I fight that tingle which emerges when a salesperson adds a new prospect to his funnel. If someone speaks in terms of a problem they face and my services might be a solution, I feel good. I know that most newly minted prospects probably don’t really care much about price. They don’t even care if it’s a new employee who will be the remedy or perhaps if it’s just a piece of software.
“Make My Pain Go Away”
Like a guy with a compound fracture, my prospect just wants something which will make that pain go away. The Pentagon wanted something which would ensure air superiority; not having it would be very painful. My clients must be able to articulate why this job is open and what they hope to gain by filling it. Otherwise, they’re probably not really a prospect—but rather someone who was nice enough to invite me in. But those people typically don’t sign invoices.
Do You Know Your Prospect’s Intentions?
Let me give you an example of why it’s so critical to know exactly how your prospect plans to use your solution. How many times have you had a sales process stay nice and warm right up until the time that you delivered your proposal?
Then, when you send over your multi-page PDF, PowerPoint, or Word proposal, your prospect mysteriously vanishes into the ether—POOF!
Now, if you were selling morphine and there were a bunch of people laying around in agony, trust me, they wouldn’t send you directly to voicemail when you call. In this example, you know what your prospect’s pain is and you also know precisely what they plan on doing with your product the moment it arrives.
You also know if they don’t get your product that nothing else will get done that is work-related. Thus my point is this, if your solution is born directly out of whatever pain (or opportunity pursuit) your prospect is currently experiencing, you won’t go directly to voice mail, ever.
So, don’t go into that meeting trying to qualify a prospect in terms of whether or not he has a need for your product or service. Qualify him in terms of what obstacles stand between him and how he defines success. Or, qualify him in terms of pain and what exactly it is that will make that pain go away AND what will happen once that pain is remedied. THEN—and only then—see if your solution addresses that obstacle. If not, it’s time to get back to the phones.
[Todd Rogers will be a regular contributor to Inside The Sales Mind blog. He can be reached on LinkedIn.]
Building Your Sales Funnel
Perhaps it’s an overused sales term–sales funnel–but since everyone knows what it means, it makes some sense to work on it today.
As a trainer for B2B sales teams, I must tell you that “lead generation” is a hot topic right now. When I speak to large groups, I always ask the question: “What’s the biggest issue you have right now in your sales process?”
Without fail, it’s “I don’t have enough business in my sales funnel.”
It’s All In The Attitude
As you know, I’m an unashamed believer that most of our sales problems have their root in “how we think,” Lead generation is no exception. I could spend hundreds of words telling you to get more referrals (see Advanced Selling Podcast, Getting Referrals) or I could give you a cold call script that works like a charm…but it won’t work until you get the right attitude.
So today, let’s get to work on the attitude of building the sales funnel today. There are two.
1. Attitude of Abundance. Seldom do we run across an industry where there is NOT an abundance of prospects in the Universe. What usually exists is simply a scarcity in the actual sales funnel. So let’s assume that you have an abundance of prospects. The attitude for building it is “my sales funnel is a scarce place–a resource–and no one gets in my funnel without passing the test.” What is that test? Simple. The prospect passes the test by having three things: a) pain for what I do–a real problem that he wants to fix; b) an understanding of the money it costs him NOT to fix the problem; and c) the money to actually spend to fix it. Get that sales attitude and watch your demeanor change in the prospecting process.
2. I am Always Monitoring My Funnel. Just as I’m discerning about who gets in, I’m also discernng about who stays in. Think about it. Every prospect you are pursuing takes a certain amount of my time and attention. There is not an unlimited amount of either–they are scarce resources. And your sales funnel is like an inventory system that needs control.
So when a prospect fails to continue to act/look like a prospect, I will gently, nicely, elegantly, move on. But I will ALWAYS tell them that. I don’t just stop calling them. I call and say, “Mr. Jones, I’m calling today because I’m getting the feeling that you have decided not to fix the problem we talked about. That’s OK. I just need to tell you I’m moving on if that is your conclusion.”
See how nice that is. Don’t get mean now!
Get these attitudes embedded in that big brain of yours, and watch prospecting become a piece of cake. Comments welcome.
Blog Authors
We love to hear from our readers. If you’d like to contact our authors privately to suggest story ideas or critique their writing, here is their information:
Bill Caskey: mailto:bcaskey@caskeytraining.com
Bill is a sales development leader and experimenter. His ideas about selling are convictions about life, money and meaning. He has coached sales professionals and executives for over 20 years. And his philosophies and strategies have fueled explosive growth in sales and profits for clients. Click here to learn more about Bill Caskey.
Bryan Neale: mailto:bneale@caskeytraining.com
Bryan brings 16 years of leadership, training, sales and sales management experience to Caskey. Bryan has trained in industries such as professional services, consumer goods, financial services, freight and logistics, distribution, and many other B2B industries. Click here to learn more about Bryan Neale.
Brooke Green: mailto:bgreen@caskeytraining.com
Brooke specializes in B2B sales teams in transportation, logistics and professional services industries. She has been a practitioner of Caskey for over 12 years. Brooke began her career in sales with no customer base, no leads, no experience, nor training. Using the strategies that she learned from Caskey, Brooke moved away from transactional selling to a collaborative, consultative approach that tripled her personal income. Click here to learn more about Brooke Green.
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