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Build your identity and create your brand equity be labeled as “Trustworthy’.|Build your identity and create your brand equity be labeled as “Trustworthy’.
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Good labels help build brand equity the opposite is also true.|Good labels help build brand equity the opposite is also true.
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Beyond great salesmanship and professionalism, the buyer, of course, is looking for an excellent product.|Beyond great salesmanship and professionalism, the buyer, of course, is looking for an excellent product.
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Back up what you do with a high quality, dependable product.|Back up what you do with a high quality, dependable product.
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and you have the formula of a winning combination.|and you have the formula of a winning combination.
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In fact, in my experience, you may even be able to beat the competition that might have a slightly better product|In fact, in my experience, you may even be able to beat the competition that might have a slightly better product
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if your service levels are higher. The buyer is often prepared to pay more for superior service.|if your service levels are higher. The buyer is often prepared to pay more for superior service.
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You support your company’s success by making service an integral part of the whole customer offering.|You support your company’s success by making service an integral part of the whole customer offering.
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WHAT ARE THE THINGS THAT BUYERS DISLIKE?|WHAT ARE THE THINGS THAT BUYERS DISLIKE?
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One: Dishonesty. Dishonesty includes lying, non-disclosure or hiding of material facts,|One: Dishonesty. Dishonesty includes lying, non-disclosure or hiding of material facts,
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giving incomplete information or making exaggerated claims.|giving incomplete information or making exaggerated claims.
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All of these amount to dishonesty because if the truth was known to the buyer, his decision may have been different.|All of these amount to dishonesty because if the truth was known to the buyer, his decision may have been different.
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In these situations if a sale is made, it is dishonest.|In these situations if a sale is made, it is dishonest.
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Dishonest and Discourteous Behavior Go Hand in Hand|Dishonest and Discourteous Behavior Go Hand in Hand
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It is not uncommon that when a person is running late for an appointment he doesn’t even have the courtesy to call and say “I am sorry, I am running late”.|It is not uncommon that when a person is running late for an appointment he doesn’t even have the courtesy to call and say “I am sorry, I am running late”.
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And the time to call is when? Before you got late or after you got late?|And the time to call is when? Before you got late or after you got late?
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Sadly, they walk in without calling and they don’t even have the courtesy to apologize and say “I’m sorry, I kept you waiting”.|Sadly, they walk in without calling and they don’t even have the courtesy to apologize and say “I’m sorry, I kept you waiting”.
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If this is the starting point, you wonder if it is even worth going ahead and if you do,|If this is the starting point, you wonder if it is even worth going ahead and if you do,
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how long will it last?|how long will it last?
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And more interestingly, even if they do call, guess nine out of ten times what do they say?|And more interestingly, even if they do call, guess nine out of ten times what do they say?
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“I’m stuck in traffic” Don’t get me wrong. Traffic today has become a real issue and challenge in many parts of the world.|“I’m stuck in traffic” Don’t get me wrong. Traffic today has become a real issue and challenge in many parts of the world.
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It is true,|It is true,
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but many times, people start five to ten minutes before the appointment not giving enough time for traffic, and not having the courage to say ‘I’m sorry, I started late.I apologize.’|but many times, people start five to ten minutes before the appointment not giving enough time for traffic, and not having the courage to...
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Only the first lie is difficult.|Only the first lie is difficult.
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The second becomes easier, the third much easier and very soon, they become accomplished liars.|The second becomes easier, the third much easier and very soon, they become accomplished liars.
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How long do you think this relationship will last? Where is the reliability?|How long do you think this relationship will last? Where is the reliability?
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Fast talking or smooth talking is used as a diversionary tactics as if there is something to hide.|Fast talking or smooth talking is used as a diversionary tactics as if there is something to hide.
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Sweet talking is a very hypocritical behavior.|Sweet talking is a very hypocritical behavior.
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Sweet talking is a very hypocritical behavior.|Sweet talking is a very hypocritical behavior.
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They pretend to be what they are not.They put on a false mask. They use courtesy as a strategy.|They pretend to be what they are not.They put on a false mask. They use courtesy as a strategy.
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Courtesy and integrity are a way of life,|Courtesy and integrity are a way of life,
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Using high-pressure tactics to sell.|Using high-pressure tactics to sell.
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Unpleasant surprises turn-off the customer.Customers hate unpleasant surprises because they feel cheated.|Unpleasant surprises turn-off the customer.Customers hate unpleasant surprises because they feel cheated.
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Why? When they feel transparency is missing they start questioning the integrity of the salesperson.|Why? When they feel transparency is missing they start questioning the integrity of the salesperson.
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Selling goes beyond salesmanship. Of course, the buyer is looking for a quality product and dependable service,|Selling goes beyond salesmanship. Of course, the buyer is looking for a quality product and dependable service,
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but what more? Whenever we think of competition, what is the first thing that comes to mind?|but what more? Whenever we think of competition, what is the first thing that comes to mind?
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‘Let’s see what the competitors are doing?|‘Let’s see what the competitors are doing?
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Let’s check what the prices are, and then undercut.’|Let’s check what the prices are, and then undercut.’
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If price was the only factor that drove sales, we would never need any salesperson.|If price was the only factor that drove sales, we would never need any salesperson.
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According to an informal research, people are willing to pay up to ten to fifteen per cent price differential, without a second thought,|According to an informal research, people are willing to pay up to ten to fifteen per cent price differential, without a second thought,
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for three words -|for three words -
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quality, reliability and dependability. The higher the price tag, the more willing they are to pay the differential.|quality, reliability and dependability. The higher the price tag, the more willing they are to pay the differential.
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It is one dollar. If you cheat me for ten dollars, I am not going to go bankrupt as I can easily sustain the loss.|It is one dollar. If you cheat me for ten dollars, I am not going to go bankrupt as I can easily sustain the loss.
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However, if I buy an item for ten million dollars,|However, if I buy an item for ten million dollars,
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I would rather pay one million dollar extra to protect my ten million sollars than save a million and risk the entire amount.|I would rather pay one million dollar extra to protect my ten million sollars than save a million and risk the entire amount.
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I have a client who bids tenders all over the world and their tenders run into several million dollars. Once the CEO said,|I have a client who bids tenders all over the world and their tenders run into several million dollars. Once the CEO said,
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Our bid price is invariably approximately twenty per cent higher than our nearest bidder|Our bid price is invariably approximately twenty per cent higher than our nearest bidder
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and we pick up the contract or business.’|and we pick up the contract or business.’
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Why? It’s because of three words - quality, reliability and dependability.|Why? It’s because of three words - quality, reliability and dependability.
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and they offer that.|and they offer that.
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Not only is it true in products and services but also salaries for employees.|Not only is it true in products and services but also salaries for employees.
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Sometimes, people ask, ‘What is the difference between reliability and dependability?’|Sometimes, people ask, ‘What is the difference between reliability and dependability?’
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Reliability refers to products and dependability refers to people,|Reliability refers to products and dependability refers to people,
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which means products are reliable and people are dependable.|which means products are reliable and people are dependable.
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Whenever a customer goes dissatisfied, ask yourself which need was left unfulfilled.|Whenever a customer goes dissatisfied, ask yourself which need was left unfulfilled.
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Evaluate your own performance to learn from the last transaction.|Evaluate your own performance to learn from the last transaction.
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Make your next transaction better than the last one.|Make your next transaction better than the last one.
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A recipe for failure is to start giving solutions without finding out the problems. Find out the priorities of your customer because each one is unique.|A recipe for failure is to start giving solutions without finding out the problems. Find out the priorities of your customer because each one is unique.
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This is what helps you to customize and adapt your presentation to suit their need.|This is what helps you to customize and adapt your presentation to suit their need.
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A sales professional who recognizes the special needs of a customer and appeals to their buying motive,|A sales professional who recognizes the special needs of a customer and appeals to their buying motive,
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ends up selling more.|ends up selling more.
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Meet the needs of the customer, in the following manner:|Meet the needs of the customer, in the following manner:
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One. Realize that each customer is a major stakeholder in your company and without his support there would be no income.|One. Realize that each customer is a major stakeholder in your company and without his support there would be no income.
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To make the customer feel more important, each one should be treated with courtesy and respect.|To make the customer feel more important, each one should be treated with courtesy and respect.
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Two.|Two.
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Understand that in serving a buyer, we are not doing him any favor; we are only doing what we are supposed to do.|Understand that in serving a buyer, we are not doing him any favor; we are only doing what we are supposed to do.
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Three. Be aware that our job is to find out the buyers’ needs and wants and ensure that we fulfill them.|Three. Be aware that our job is to find out the buyers’ needs and wants and ensure that we fulfill them.
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Four. Know that each buyer wants to feel important; hence, he expects and deserves individual attention.|Four. Know that each buyer wants to feel important; hence, he expects and deserves individual attention.
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Five. Buyers want to be able to trust their suppliers.|Five. Buyers want to be able to trust their suppliers.
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Be cognizant of the fact that it’s trust that breeds loyalty.|Be cognizant of the fact that it’s trust that breeds loyalty.
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It costs six to ten times more to gain a new customer than to retain an existing one.|It costs six to ten times more to gain a new customer than to retain an existing one.
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Why?|Why?
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It is because the existing customers have already purchased from you.|It is because the existing customers have already purchased from you.
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They had placed trust in you. They need to be sustained. The cost of acquiring a new customer is high|They had placed trust in you. They need to be sustained. The cost of acquiring a new customer is high
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because it takes a series of steps costing both time and money in opening up a new account and establishing credibility.|because it takes a series of steps costing both time and money in opening up a new account and establishing credibility.
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Even after acquisition,|Even after acquisition,
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the process of maintaining and sustaining customers continues.|the process of maintaining and sustaining customers continues.
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One is not a substitute for the other.|One is not a substitute for the other.
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Chapter 12: Quality and Credibility|Chapter 12: Quality and Credibility
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Your ability to grow and prosper in a competitive world is going to be determined by how you get repeat business and how you bring new business through the door.|Your ability to grow and prosper in a competitive world is going to be determined by how you get repeat business and how you bring new business through the do...
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The Salesperson on the front line, is the person that interfaces with the customer|The Salesperson on the front line, is the person that interfaces with the customer
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and as the ambassador of your company, he is the one who will play the biggest part in how you are perceived by the outside world.|and as the ambassador of your company, he is the one who will play the biggest part in how you are perceived by the outside world.
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The key aspects of building credibility are addressed below:|The key aspects of building credibility are addressed below:
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KNOWLEDGE. The Salesperson should have an excellent knowledge of the product,|KNOWLEDGE. The Salesperson should have an excellent knowledge of the product,
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the company, and of how to execute a sale professionally.|the company, and of how to execute a sale professionally.
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As you walk into a prospect's office, you should know: One. What are the three major strengths of the company and the product range in absolute terms|As you walk into a prospect's office, you should know: One. What are the three major strengths of the company and the product range in absolute terms
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as well as in comparison to the competition?|as well as in comparison to the competition?
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Two. How does the product work? What does it do?|Two. How does the product work? What does it do?
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Three. What is your company’s business history and philosophy?|Three. What is your company’s business history and philosophy?
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E. Reliability and servicing|E. Reliability and servicing
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ATTITUDE TOWARDS COMMITMENT. Before you make a set of commitments to a buyer,|ATTITUDE TOWARDS COMMITMENT. Before you make a set of commitments to a buyer,
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Evaluate whether these are realistic and can be met with a high degree of surety.|Evaluate whether these are realistic and can be met with a high degree of surety.
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It is unethical to promise something just to secure a sale without even knowing if it is possible.Have you added a small safety-margin in case of possible delay?|It is unethical to promise something just to secure a sale without even knowing if it is possible.Have you added a small safety-margin in case of possible d...
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What would happen to your credibility and to that of the company’s when your commitments are not kept?|What would happen to your credibility and to that of the company’s when your commitments are not kept?
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My family recently purchased some lights for our verandah.|My family recently purchased some lights for our verandah.
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With a straight face, the seller promised that the lights would arrive ahead of the holiday weekend.|With a straight face, the seller promised that the lights would arrive ahead of the holiday weekend.
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We were reassured that regardless of the busy season, the merchandise would be delivered in a timely manner.|We were reassured that regardless of the busy season, the merchandise would be delivered in a timely manner.
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Based on that we paid a deposit.|Based on that we paid a deposit.
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The weekend came and went. The next weekend came and went and so did the one after.|The weekend came and went. The next weekend came and went and so did the one after.
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The lights were eventually delivered a month later and in the wrong color!|The lights were eventually delivered a month later and in the wrong color!
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