Secrets of Selling: Think outside the box.
By Sharon Drew Morgen, author, "Selling with Integrity"
B-to-C marketers are facing an enormous crisis in America today, as
consumers are increasingly cynical and jaded to flashy marketing smoke and
mirrors.
It's not surprising given the recent business scandals, the economic
downturn and shrinking budgets, as well as all of the press attention on
executives earning enormous amounts of money while their employees take pay
cuts. And to top it off, now we face a possible war in the Middle East.
The fallout of this among consumers impacts different companies in different
ways. When it comes to those that employ direct marketing advertising, for
example, companies may be seeing reduced response rates and/or decreased customer
spending. Or perhaps new customer acquisition is falling as consumers become
more reluctant to patronize new, unproven businesses in the wake of the dot-com
implosion.
The economic horizon for businesses today is certainly cloudy - but that
doesn't necessarily mean that there isn't a "silver lining."
The bad news is that there's no easy answer for how to undo the damage that
recent events have inflicted on the American consumer's psyche. However, the
good news is this: Moving forward, businesses that sell with integrity and
foster mutually beneficial relationships with their customers will set
themselves apart from the crowd. And the key to success starts with thinking outside
the box….
Some common industry beliefs
Historically, direct marketing campaigns have been based on the following
beliefs:
1. If a marketer creates the right campaign, response rates should
be at industry standard or above;
2. If the marketer can identify the right demographics, he or she
can target the right audience;
3. A specified percentage of people will respond given a specified
number of contacts;
4. If the marketer presents the right message to the right audience,
the customer will know how - and when - to buy.
However, because people are now withholding their spending and companies are
tightening their belts, that industry rhetoric doesn't necessarily hold true.
The addition of new media further complicates matters as consumers are
constantly bombarded by mixed marketing messages.
What to do?
To begin, maybe it's time to add some new thinking to the presuppositions
behind "sales" and "marketing."
Until now, marketers have created campaigns around the positioning and
presentation of information. The assumption has been that information is the
instrument that will teach people how to make a buying decision.
The reality, however, is that information on its own does not make someone
buy. Rather, all it does is form one aspect of the decision process once people
have already made a decision that it is time to make a change or to add
something to what they are already doing. By the time consumers know they have
a need and identify what they need to satisfy it, the only step left is to line
up all of the competing solutions and choose the best one. Often, at that
point, it becomes a price decision because the information is so similar that
there's no way to differentiate.
In reality, there are many steps that need to take place before a
buyer makes a purchasing decision. Buyers need to go through a thought process
that leads to action on their part. The process includes:
1. Recognition that something isn't right in the
buyer's situation - that there is a need that needs to be addressed;
2. Acknowledgement that there is no way to fix the
missing piece by using the resources currently available to them - that a
specific purchasing action is required.
Herein lies a key deficit in many of today's marketing campaigns. If the
marketer is focused exclusively on the information presentation of their offer,
he or she has not addressed the real "selling points" of their
product or service - first, that the customer does, in fact, need the
product or service and, second, that it is of greater benefit to the customer
than other alternatives.
The most successful marketers are those that arrange all of their
information to address these points in a way that demonstrates that the
purchase of their product or service is a responsible buying decision.
Do you want to sell - or lead
someone to buy?
Ultimately, the marketer's job is to help buyers buy, whether it's via
telemarketing, e-mail, direct mail, print advertising, or the like. So why not
use marketing tools to help customers "decide how to buy," rather
than just "selling?"
This seemingly minor shift opens up enormous possibilities for increasing
returns by forcing marketers to examine how customers decide what they need,
how they choose one brand over another, and what loyalty means to the customer.
It creates new avenues to meet customers needs more successfully in these
trying times. Consider how this logic might impact a telephone marketing
campaign.
A standard telemarketing call offers one-way, product/data driven
information according to scripts, with the belief that buyers who might need
this product will become interested as a result of the data (and the efficacy
of the script itself). However, if the marketer were helping prospective buyers
buy, he or she would start off by asking the prospect if it's a good time to
speak, and go on to ask some simple questions designed to identify the
customer's product or service needs:
- How are you currently handling the (fill in the
"problem" your product or service solves)?
- How is that working for you?
- Is there anything missing?
- What would you need to know to be able to
recognize if purchasing this product would help you solve that problem?
This approach creates a real dialogue between buyer and seller. And though
it might require more training and effort, the additional revenue would more
than make up the difference.
The bottom line is that, to more effectively sell to today's consumers,
marketers must find new and innovative ways to prompt customers to
self-identify where they are in the purchasing cycle, as well as where they
want to get and what needs to happen for them to get there. It's no longer
enough for marketers to simply push information at people, no matter how
creatively it's produced. It's time to sell with integrity by helping buyers
make their best buying decisions.
Sharon Drew Morgen, author of The New York Times business bestseller,
"Selling With Integrity: Reinventing Sales Through Collaboration, Respect,
and Serving," is an international entrepreneur, a business consultant,
sales trainer, author, and keynote speaker. She has increased sales for diverse
corporations of all sizes and has written many articles for major business
publications. Sharon can be reached at sdm@austin.rr.com
or www.newsalesparadigm.com.