In the movie Forest Gump, his mother always said, “life is like a box
of chocolates.” Well, in business, selling is like playing poker.
Consider this:
There are 52 cards in a deck, the same as number of weeks in a year. There
are four suits in a deck, the same as seasons in a year. There are 13
cards in a suit, the same as number of weeks in a quarter. There are 12
picture cards, the same as months in a year. And there are 365 spots on
the cards in the deck, the same as days in a year.
Selling is like poker.
When you play poker the money on the table is not yours. Suckers
throw good money after bad by betting more because they have $x on the
table. Same with selling. Talking to users is throwing money on the
table with no assurance of a win. Talking to decision makers will
improve your chances of winning.
In poker you should drop out six out of seven hands (in stud, after
the first cards are dealt; in draw, after looking at your initial hand).
However, you should also win six out of seven hands in which you stay.
So the odds are in your favor. Same holds true in selling. Drop out of
the deal if you can't reach the decision makers. Not all deals are for
you.
Poker is a game of strategy, not luck. You need to know your
opponent, learn their strengths and weaknesses and capitalize on that
knowledge. Same with selling. Most sales people give up after three
calls, yet most prospects are not reached until the fifth or sixth call.
I strongly believe that sales should be an industry of it's own. A good
closer should be able to sell anything to anybody. There may be slight
differences selling a product (tangible) vs service (intangible), but
otherwise, selling is selling.
Selling Is Easy All you need to do is qualify your prospect and go after those sales
where you have the best chance of closing. A colleague, Jacques Werth,
authored High
Probability Selling which defines the sales process, and will
improve your closing ratio. What was interesting is that I never read
Jacques' book, yet we have the same ideas on selling. Better yet, we have
something else in common - we were both professional or quasi-professional
poker players!
What are you selling? Comfort. The prospect needs to be comfortable
that you can solve his problems, have credibility, have the strength to
carry out the deal and know what you are doing.
My simple rules:
Get in front of the prospect with a blank writing pad.
Listen to what they need.
Identify three to six issues that need to be resolved.
Go back to the office and prepare a presentation.
Meet with the client and start with "I heard you say..." and
identify the issues to resolve
Do the presentation.
Summarize and explain how the presentation satisfies those issues.
Pick up the check ;-)
If the prospect identifies the issues, and you can solve the issues
(and make them comfortable), how can they not go with you?
Poker anybody? ;-)
Author's note: A special tribute to Wink Martindale and the song
"Deck of Cards." It was supposedly a true story about a man in WWII who
related a deck of cards to the bible. He identifies each card in the deck
and how it relates to the bible. I find it fascinating that it fits well
in the business world also, especially the strategy of poker.
George Matyjewicz, PhD is Global Strategist of GAP
Enterprises, Ltd.
http://www.gapent.com His dissertation “Just In Time Payments And The New
Global Currency For Conducting Business In A Global Economy” was compiled from
3+ decades experience in the business world. He was formerly President/General
Manager of a global digital currency company with customers in 190 countries and
Chief E-Commerce Officer for a global giftware company. He was a
Principal/Partner at a top 20 U.S. CPA/Consulting firm. He is regularly
published as an expert on global business, finance, technology and
implementation and writes and publishes E-Tailer’s Digest which reaches
retailers in 50+ countries worldwide.
http://etailersdigest.com
Get
free marketing, sales, advertising
and management ideas
delivered to your inbox.
Subscribe to the Business
Know-How
Newsletter
Primary Email Address:
Instant
Sales Letters
Stop wondering
what to say in a sales letter! Use these templates to
save hours of time composing your own sales letters. Profit from the
affiliate program, too.
Details >>
The information compiled on this site is
Copyright 1999-2008 by Attard Communications, Inc. and by the individual authors.
Business Know-How is a woman-owned business and a registered trademark of Attard Communications, Inc.
Phone: 631-467-8883.
