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S M T W T F S
     
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Syndication

It seems counterintuitive in sales, but leading with your flaws can shorten the sales cycle and disarm your customers, ultimately leading you to better metrics.
Todd Caponi was the chief revenue officer for a company called Power Reviews which helps retailers and brands collect and display ratings and reviews on their website. His time there caused him to rethink the way he leads sales organizations because he discovered that consumers were more likely to buy a product that had a 4.2 to 4.5 rating than a 5-star rating.
Statistics show that 95 percent of consumers in the B2C world are looking at reviews before they buy. Of those, 82 percent are looking for negative reviews before buying. Todd wondered what might happen if the same notion could be applied to the B2B world.
Pros and cons
Todd embraced the idea of embracing the pros and cons and leading with them. He discovered that his first deal, which previously had a sales cycle of 6 months, closed within 4 weeks.
They discovered that when you lead with your flaws, your sales cycle speeds up dramatically. You’ll qualify deals faster and eliminate those deals that you probably weren’t going to win anyway.
Todd was in New York when his VP of sales called him to say the company had an inbound lead from an apparel brand that wanted to initiate an evaluation. The brand happened to be headquartered in NY, so Todd scheduled coffee with the senior vice president of e-commerce. The coffee meeting became a presentation instead, and the SVP got right to the point.
Competitor is better
He said that his company had been talking to Todd’s competitor, and he wanted to know why Todd’s company was better than the competitor. Todd figured he had nothing to lose, so he asked an unexpected question.
“Do you mind if I tell you why the competitor is better?”
He explained that the competitor had offerings that his own company didn’t, so if he wasn’t going to be able to meet their needs, he wanted to determine that quickly so both parties could move on. The room deflated. The guy clearly thought Todd was crazy, but he agreed to the idea.
Todd talked about an add-on that the other company had but explained that his own company was focused on certain core beliefs. The SVP acknowledged that the add-on the competitor was offering wasn’t a necessity for his company, so they moved on.
Transparency
Within 20 minutes, the SVP kicked everyone else out of the meeting and grabbed a folder that includes the company’s budget for ratings and review software. He pointed to a number inside and asked Todd if he could hit that figure.
The two engaged in a collaborative process that culminated in a deal a few weeks later. The company didn’t initiate an evaluation. It simply chose Todd’s company. He recounted that he had called Todd’s competitor, who quickly went on a rant about the add-on that distinguished the two companies.
Every time they led with their flaws, it completely disarmed their prospects. The company built its sales cycle on a foundation of trust and all of its metrics moved in a dramatically positive direction.
Wired to resist
Todd said that we’re all wired to resist being sold to. As a buyer, he simply wants to be able to predict what his experience with a certain product will be like, and then to get the best deal he can. He said that a salesperson will demonstrate within the first five minutes whether he will be a great resource or push toward a sale even if it isn’t what the buyer wants.
People believe in authenticity and honesty. Many of them believe that there’s a trade-off required so that in order to have authenticity and honesty, you will sacrifice results. But the data suggests otherwise. The data says that when you provide authenticity and honesty to your customers, you’ll maximize your sales results.
Truthfully, the era of hiding your flaws from your prospects is over. The proliferation of ratings and reviews has moved into the B2B area and it has become the way of the world.
B2B buying behavior
A company called Trust Radius just published a study of B2B buying behavior. The data demonstrated that B2B buyers are using reviews 56 percent of the time and analyst ratings only 24 percent of the time.
Every year, reviews are climbing and independent studies are going down. Marketing is becoming less trustworthy and reviews are becoming the core that brings buyers to the table. Sellers must embrace that.
It’s counter-intuitive to most people to show weakness. Many sellers will listen to this and wonder why this works. Todd dug into the neuroscience of this and discovered that buyers make decisions using feeling and then back them up with logic. Logic is the justifying mechanism to emotional decisions.
We are also wired to disbelieve anything that looks perfect. We are taught to seek the negative. A recent study reported that buyers in a typical purchase cycle spend 39 percent of their time talking to sellers and 61 percent of their time doing other homework. This includes research, reviews, and back-channel information.
Utilizing levers
In his book, Transparency Sale, Todd tells the story of a rep who was selling something to an oil company. He explained the concept of levers, which he has become famous for.
If you search Google for tips on negotiating, you’ll find countless pointers that destroy trust. It’s like a Texas Hold ‘Em tournament.
But if you want to build trust through the goal line, you lead with what is important to you as an organization. You create buyers who are actually able to negotiate their own deals.
In the case of the oil company, Todd was pulled into a last-minute negotiation with a group of procurement people. Before they even started, he asked for permission to write four things on the board. He listed four levers on the whiteboard.

  • Volume, or how much they buy
  • Timing of cash, or how fast they pay
  • Length of commitment, or how long they commit
  • Timing of deal, or when they signed

Discount
The people in the meeting immediately asked for 30 percent off. Instead of offering to do 15 percent and initiating that song and dance, he acknowledged that it might be doable and then suggested using the four concepts on the board. These concepts represent four things Todd’s company was willing to pay for in the form of a discount.
The notion immediately disarmed the people in the meeting.
“Commit to more technology and because that’s valuable to us, we’ll pay you in the form of a discount.”
“Since we have a three-year commitment, pay us for years two and three and we’ll pay you in the form of a discount.”
“Extend your deal to five years and we’ll discount an extra 5 percent for years four and five.”
Todd’s company got something in return for every dollar they gave away, and the oil company loved Todd’s company at the end. Remember that you aren’t negotiating hostages. You’re negotiating agreements with products.
Be upfront
Commit to being as transparent as possible. Every person simply wants to feel that they’ve been heard and that they’ve gotten a good deal.
Get rid of one-sidedness. You’ll bring humanity back to the conversation. You’ll have the confidence of interacting with people as human beings. So few companies have a framework for the way they negotiate.
You could implement this concept right now. It doesn’t require a three-day class. [Tweet "Transparency sells better than perfection. With the proliferation of feedback and reviews, transparency is a requirement. #SellerTransparency"]
"Leading With Your Flaws" episode resources
You can connect with Todd on LinkedIn or at his website, transparencysale.com. Grab a copy of his book, Transparency Sale. If you haven't connected with me on LinkedIn already, do that at Donald C. Kelly and watch the things I'm sharing there.
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Direct download: TSE_1109.mp3
Category:Authenticity -- posted at: 6:55pm EDT

Humor takes away tension and sellers who use humor in the sales process can increase efficiency and improve effectiveness.
Andrew Tarvin realized over the course of his career that you can't be efficient with humans. Instead, you must be effective. His experience in stand-up comedy revealed that improv demands the same skills necessary to be an effective leader. He explored the intersection of humor in the workplace and fell in love with the subject.
He observed that it's strange to think that companies pay him to teach employees to have more fun. He notes, though, that it's missing from the workplace, and he addresses the issue in his book, Humor That Works.
Strategic humor
We know that humor relieves stress and that it's overall a good thing. We do not seem to know how to deploy humor strategically. Rather than simply using it for the sake of fun. we must use it to achieve a specific result.
How do I use humor in the sales process to build rapport?Can I get people to pay attention to what I'm saying with humor? Will humor relieve my own stress in the sales process?
We tend to think work must be strictly business. In actuality, though, you're still dealing with humans. Humor inspires people to connect and let their guard down.
Would you rather?
Andrew calls it a stupid question, but he wonders whether people would rather do something fun or not fun? Of course, people will say they'd rather do something fun. And if work is a little more fun, they'd probably be more likely to do the work.
If you could make interactions a little more enjoyable, people would be more willing to engage in them. Even if the work you're doing is serious in nature, like the Red Cross, you're still working with humans.
Humor happens to be one of the most effective means of engaging people. It's something different that people enjoy.
Working with the FBI
The FBI has a group called the office of private sector where agents work to build relationships with senior leaders at private companies. If the FBI can develop strong relationships before there are problems within companies, they can more readily identify problems when they emerge.
They want to set meetings with people but you can imagine how people respond when they hear from the FBI. Andrew worked to teach them how to use humor to build rapport.
The agents learned to build rapport despite the intimidation factor.
Boring meetings
If you hold an initial meeting that bores your attendees, they won't want to attend the next time you invite them. If people get value out of your meetings and enjoy attending, they'll be more likely to attend future meetings.
Humor isn't what you do. It doesn't replace the work. It's simply a matter of presenting information that someone needs in a way they enjoy consuming it.
Engaging strangers
Sales reps face many different hurdles when engaging prospects or new people. One of the greatest difficulties is making a great first impression and building rapport when they meet people for the first time.
Within existing sales processes, a number of challenges exist. The average person sends and receives more than 100 emails per day, with many spending up to 80 percent of their time in active communication.
Many sellers present information to help the buyer purchase rather than sharing information that will help develop a relationship.
Asking questions
Andrew points to a sales presenter named Phil Jones who says that sales is simply earning the right to make a recommendation.
Think of it as a visit to the doctor. Before the doctor gives a diagnosis, he asks questions and ultimately gives a prescription. Imagine if you went to a doctor who gave you pills before you even told him what was wrong. You'd assume he was a quack and you wouldn't trust him with your health.
The same scenario is true in sales. If the seller doesn't even know anything about you, how will he address your challenges?
Enjoyable process
Since the seller and the buyer are both humans, see if you can make the process a bit enjoyable. Then, discover whether you can be on the same side.
Ian Altman wrote a great book called Same Side Selling that encourages sellers to solve problems without trying to trick buyers into buying something.
Understand that humor is broader than comedy. Make the process a bit more fun to get people to pay attention. In your outreach, what are you doing to introduce a bit of humor?
If it's true that people buy from the first person who provides them value, recognize that humor adds value.
Fun
Andrew got a cold email from a guy with a regular pitch. He ignored it like he does most cold emails. About a week later, the guy followed up with a gif of John Travolta from Pulp Fiction with his coat over his arm looking confused.
There was no text with the email because it wasn't necessary. He didn't need to point out that he had emailed just the week before.
Another seller started each cold call by acknowledging that this was a cold call and the person on the other end of the phone could hang up if he wanted to. Some of them did, but many others allowed him another 60 seconds because of the humor.
Capture attention and build intrigue.
Connections
Humans are seeking different connections and one way to build rapport throughout a conversation is small talk. Instead of asking the typical questions, ask slightly more interesting questions. Instead of asking "What do you do?" ask, "What's the coolest thing you've worked on the past few months?"
It changes people's perspective and then their response. Then, drop relevant facts throughout the conversation, like whether you're a nerd or an introvert or from Ohio. If you offer this kind of information as part of a smaller group, you'll have an instant connection to anyone else who is also from Ohio.
Humor doesn't only help during the introduction part of the sales process, either. It can help improve understanding about ideas and it can lessen the awkwardness of the money conversation.
You decide
Even if you work for a company that doesn't allow humor, the company can't control how you think. There are benefits to using humor to increase sales and get better results.
Additionally, though, you can use humor to help you enjoy your work more. You'll be more willing to do your work and you won't dread Monday.
It comes down to a choice. You decide how you do your work every day.
Andrew's book provides 10 strategies for using humor in the workplace, and the 11th strategy, a bonus one, is perhaps the most important.
[Tweet "Strive for one smile per hour. What's the one thing you can do each hour of the day that brings a smile to your face or the face of someone else? #saleshumor"]
It develops a humor habit.
"Use Humor In The Sales Process" episode resources
You can connect with Andrew at humorthatworks.com, where you'll find a bunch of free resources and a newsletter. You can also grab a copy of his book, Humor That Works, which teaches the what, why, and how of humor in the workplace.
Connect with him directly @drewtarvin on Instagram, Twitter, LinkedIn, and Facebook. Drew also recently discovered that he still has a Myspace page from 2008.
Connect with me at donald@thesalesevangelist.com.
Try the first module of the TSE Certified Sales Training Program for free.
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If you gave a lot of great presentations and did a lot of hard work, only to watch your prospects choose to work with your competitors, we can help you fix that. The new semester of TSE Certified Sales Training Program begins in April and it would be an absolute honor to have you join us.
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Direct download: TSE_1108.mp3
Category:Humor -- posted at: 8:43pm EDT

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