What is the secret for successful sales? Is it low cost? Is it a famous brand
name? Is the secret to successful sales to have the most features, at the best
price, with the best quality or performance, before the competition? The secret
to successful sales may surprise you.
The secret to successful sales is not the lowest price, the most features,
the best quality, best performance, or to be ahead of the competition.
The first ingredient to successful sales is trust.
Establishing trust is the most important element of successful sales. Without
trust, how can the customer believe that you will deliver on the promise of a
low price, best features, quality, or performance. The offer of a low price may
be based on sacrificing quality or performance? The lure of advanced features
may introduce unexpected defects, may be difficult to use, or may not be
compatible with other devices. What good are the great features if they cannot
be used? What happens to trust if there is a low cost in the beginning, followed
by constant expenses to correct, upgrade, or fix problems in the product,
software, process, or service? Deception and misrepresentation erode confidence,
destroy trust, and create a barrier to sustainable sales.
If you cannot be trusted, then nothing that you offer has any real value.
That is a powerful statement, and an important realization. If you cannot be
trusted, then your promises cannot be believed. Promises may be in the form of
commitments, pamphlets, brochures, presentations, and marketing materials. It is
important to establish credibility and authenticity in marketing messaging as a
basis for any and all marketing materials. If the origin of the communication is
untrustworthy, then the oracle emitting the commitment is indistinguishable from
the cacophony erupting from any other orifice. Trust and confidence must be
established in marketing, and through the sales cycle, if it is to be believed
in a contract.
How can you establish trust?
The first step to establish trust is to know what you have to offer. This
applies to products, people, processes, software, and services. Whatever is
offered by you, or your organization, must be clearly and precisely defined. It
is quite likely that there are many benefits available from the product,
process, or people. To be accurate and effective, identify the specific benefits
from the perspective of your customers. Put aside the contemporary marketing
idealism of creating benefit statements to justify purported benefits to justify
differences, and focus with precision on the real value as identified through
the eyes of your clients. Look inside yourself for a unique blend of talent,
experience, and knowledge that can be contributed to support the goals and
interests of your clients. Use your skills and expertise to make your clients
successful, and you will be amazed at how successful that you will become in the
process. Communicate the value of your offering with the same integrity that you would communicate your personal value. You have to be
honest with yourself before you can be honest with anyone else.
The importance of being earnest is that you must be truly dedicated to the
welfare of your customers. This not only means investing your personal expertise
with the intent to support the success of your customers, but it also means the
capacity to be honest when it is difficult to do so. Typically, the most
difficult time to be honest with your customers is when you need to deliver news
about an error, a failure, an accident, or a failure to perform according to
expectation. It is important to be honest in communicating mistakes. If you can
be trusted to acknowledge accidents, then accomplishments are that much more
believable.
The ability to communicate honestly and effectively after the sale is just as
important as the ability to acknowledge risk before the sale. Acknowledge risk,
the identify countermeasures and preventative measures to demonstrate your
commitment to be a trusted advocate for your customers.
Some customers will not appreciate your integrity. Trust is not important to
all customers, but it is important to the loyal ones. Some customers will make a
decision based purely on price, with no respect to the importance of integrity
or credibility. The customers who purchase from your competitor based purely on
price will also be swayed by changes in price, which means that there is no
loyalty to the competition either. To focus pursuit and acquisition of customers
exclusively on price is to risk the sacrifice of profit, and to disrespect the
customers who value loyalty. While it is necessary to be priced competitively,
keep a healthy focus on investments in loyalty and integrity as the foundation
for sustaining business. To live by the discount is to die by the discount, but
mutual loyalty with customers can sustain and survive through even the most
challenging circumstances.
Earn a reputation for being trustworthy with your communications and your
actions. Demonstrate your commitment, and it will reinforce credibility. Focus
on the success of your customers, and many of them will return the dedication
with loyalty and referrals. Build a personal brand based on authenticity and
integrity. Cultivate honesty and trust in the organization, and you will be
amazed at how much easier it is to grow future sales with loyal customers.
Words of Wisdom
"Let me tell you the secret that has led me to my goal. My strength lies
solely in my tenacity."
- Louis Pasteur
"The secret of joy in work is contained in one word - excellence. To know
how to do something well is to enjoy it."
- Pearl Buck
"The true secret of giving advice is, after you have honestly given it, to
be perfectly indifferent whether it is taken or not, and never persist in trying
to set people right."
- Hannah Whitall Smith
John Mehrmann is a freelance author and President of
Executive Blueprints Inc., an organization devoted to improving business
practices and developing human capital. John Mehrmann and Mitchell Simon are
authors of The Trusted Advocate: Accelerate Success with Authenticity and Integrity, the fundamental guide to achieving
extraordinary sales and sustaining loyal customers. This revolutionary sales
guide applies peak management techniques and leadership skills to the sales
profession, showing you how to utilize authenticity and integrity in your sales
to achieve maximum success.
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