Sales Consultants Iowa City IA
Des Moines, IA
Resurrecting Your Closing Ratios
By Michael S. Miller, President & CEO of Primo Solutions, LLC
It’s fierce. It’s competitive. It’s about always winning and never losing. It’s about always being number one. It’s a way of life. It’s what we have come to expect. What am I talking about? Well, it is certainly not the Super Bowl or the World Series. I am talking about every day in the life of a salesperson. It’s not good enough to just hit our goals – we need to exceed them every day, week, month, quarter, and year. We are not getting awarded for the highest closing ratios – we are being asked to move even more residents in. It never seems to be good enough.
As managers of our sales force, we look at ourselves everyday in the mirror and ask the same question, “What am I going to do differently today to get those numbers higher than they were yesterday?” The common answers are:
1. We will reduce our lunch hour to a “lunch half-hour.”
2. We will make more cold calls.
3. We will send more emails.
4. We will find more referral sources.
5. We will hire more sales people.
6. We will send out more marketing materials.
I think you get the point. We could come up with many more ways to increase our closing ratio. These “ways” are the same old style of selling that was used back in the 80’s and 90’s. I am not saying they do not work – they just do not work alone. You have to sell differently. It has been proven over the years that the more activity you have, the more deals you will close. However, we are dealing with a different generation of people. These are the Baby Boomers. Statistics show that Boomers represent 28% of the population today. In 1997, Bill Geist wrote that a Boomer turns 50 every 7 seconds. Ten years later, these same people are turning 60, and ten years from now they will be turning 70, and so on. So, we should not be focusing on just the old ways of selling. It is time to sell different.
When you are selling your community, the Boomer is expecting to be sold differently than if they were buying a car. This is a life changing event for them, and we need to make it a life changing experience for them. In order to do this, you have to go back to the grass roots of sales training – not the old way, but the new way. People buy on emotions and back it up with facts and logic. Therefore, we need to sell to the emotional side of the prospect. We need to introduce a sales process that is built on a foundation of building rapport, and allows the sales person to step through the process and remain in control. It’s about listening. When we start listening, we will start caring about the prospect, and our main intent will be to help the prospect work towards a solution. There is a saying that “people don’t care how much you know until they know how much you care.” We show we care by really and truly listening.
The challenge we face in today’s world of selling is the same challenge we have always faced. We spend thousands of dollars a...