What New Opportunity Will You Uncover This Week?

Remember as a child how excited you were in the days leading up to your birthday, Christmas or some other big event?

You couldn’t wait for that day to arrive, because you knew it was going to be amazing!

Why not approach this week the same way you approached those special days as a child? Go ahead…do it!  Your sales motivation is depending on this kind of attitude.

As a child in the days leading up to my birthday day or Christmas, it seemed as if everything was a spectacle. I was constantly on the hunt for a clue and some sort of indication as to what my birthday or Christmas might bring.

What a great approach to this week.

Approach it with the same open eyes and open ears, and be on the prowl for those new opportunities and the excitement that awaits.

Sometimes, I can’t help but think that maybe if we all had a little more child-like approach to our jobs, we would have more fun and get more out of those jobs.

With each call you make and each customer or prospect you meet, be looking for the unexpected clue and the new opportunity you may have been overlooking for months or even years.

One of the amazing things about a child and their new toys is the way they play with them.

I can remember on many occasions watching my own children completely disregarding the normal way a toy should be used and using it in a completely different manner.  Yet, despite the fact they disregarded the instructions, they were gaining an incredible amount of fun out of it.

The same can be said with how we approach our prospecting and client relationships. Sometimes we have to throw away the playbook and look at things differently to uncover the unexpected.

Let’s have fun this week. Be looking for the unexpected and making it the expected.

Happy Selling,

David

Month-End Review: Assessing Your Sales Performance

Good Monday morning everyone, or is it?

With only 2 days left in the month some out there are having a very tough month. with only 2 days left in the month, for many salespeople, that means it’s a mad scramble to get another deal to make a bonus. For others it’s the last days to coast, because of a bad attitude that says the month is shot, so screw it and try again next month.
Regardless of where you’re finishing for the month, there is one thing every salesperson must do, and that is take a few minutes and assess what has happened and how to maximize the month’s to come.

Below are some questions you can ask yourself to help you assess how a bad month just ended:

  • What were the successes from this past month and how you can build on them for next month?
  • What did I learn during the past month and how can I use it to improve my sales performance next month?
  • What activity can I stop doing or spend less time doing that will free up more time to be actively selling?
  • How many more accounts do I need to develop in the next 1 month/3 months?
  • What is the right mix of accounts by industry/channel that I need to focus on to achieve my sales objectives?
  • What is the sequence of things I need to do in the coming month to take full advantage of my time and the resources I have available? 
  • ow much more business is out there if I were able to increase my sales effectiveness and my portfolio by 25%?
  • What steps can I take to improve my effectiveness and time management? Use a notebook or file on your computer to save your monthly assessments. Two weeks into the new month, take a look at what you wrote and use it as a quick mid-month performance check.
    Going forward, save each month’s assessment, as they will make interesting reading a year or more down the road.
    As you continue to progress in your merchant services career, you will look at past months and be shocked at how much improvement you’ve made.  I encourage salespeople to do this because it then acts as a motivational tool that will drive you even more. This month is quickly coming to a close and the last quarter of the year will be upon us. Have a plan to knock the last quarter out of the ballpark. 


What are some sales tips you use to meet and exceed quota?


Happy Selling,

David 

Top 10 Reasons Why Prospecting Is a Mental Game

Prospecting is a game that too many salespeople have already lost because they’re mentally unprepared.

I want you to be successful at prospecting, and I’m going to tell you the top ten things to get your head in the game. 

So in true David letterman fashion,

from the Home office in Prospect, Connecticut

Here are the Top 10 Reasons Why Prospecting Is a Mental Game

10. Prep the day before.

You can’t go into anything mentally prepared if you have no idea what you’re getting into. 

– Who are the contacts I’m going to be calling?
– What are my expectations? 

If you wait till that morning, you’re going to waste so much valuable time just getting ready.

9. Set the expectations.

It’s not your job to do the impossible. Prospecting is one step at a time, and you have to be mentally prepared for the long haul. You’re not going to make a couple phone calls and suddenly business is just falling into your lap. It’s going to take time. Set some expectations to prepare your mindset.

8. Immerse yourself. 

If you want to become good at anything, you have to do it. You’ve got to set yourself up for really learning and studying the craft. If you want to become good at it, you’ve got to watch, learn, and listen from those who are good. Investing in yourself is more than just dollars, it’s also taking the time to read/listen and apply knowledge. To sign up for FREE training CLICK HERE

7. Set daily and hourly goals. 

If you don’t know where you’re going, how will you know when you get there? I love setting daily and hourly goals such as,  “During this hour, I’m going to achieve x.” Set yourself daily goals that you can accomplish. Here’s what I’ve found, success creates success. Achieving these smaller goals propels you forward. 

6. Expect success.

If you go in to prospecting thinking, “Nothing’s going to happen here,” nothing will happen, I guarantee it. But if you go in with an expectation of success, it is amazing how much better you’ll listen. That’s right, you’ll listen better, hear more things, find opportunities. If I put two people in a room: one with a great attitude expecting success, and one a negative Nelly, and I give them the same list, guess what? The negative Nelly will come out of it with zero, and the person who has that success mindset is going to come out of it ahead.

5. Know your contact. Check out Lead Dump Here

The days of just randomly grabbing a phone book and calling people are gone. Okay, now there are some companies out there who still are just given lists. I get that, but that’s becoming a smaller and smaller field all the time. You may not know your contact personally, but do know the industry they’re in. Sure, you may not have had time to do a deep dive into their website, their company, and their personal profiles every time.  But any amount of background knowledge gives you a greater level of confidence. Remember, confidence makes you listen better.

4. Know your outcome.

If you don’t know the outcomes your customers achieve, you’re too focused on the product. Don’t sell the product. Sell the outcome.  When you sell the outcome, the customer is going to understand the value you offer much better and much faster.

3. Play the long game.

Prospecting is not something you do one hour a month. “Well, I tried it for a couple days, it didn’t work, so I guess I can’t prospect.” Nope. 

Mentally prepare yourself that it is going to take time to fill your pipeline. 

2. Remove the negativity.

If you have negative people that you hang out with, you can’t afford it. There may be news sites, things that you listen to, watch, or read that are negative. Get them out because it’s amazing how it eats away at your mindset.  Prospecting is already tough enough. But when you have the right mental outlook, it’s amazing how much easier it is.

And the #1 Why Prospecting is a Mental Game is…. 

1. You need a support person. 

You need a champion, an accountability partner, somebody who can come alongside you.  If you are looking for somebody like that, reach out to me because I have some ways to match people up. Reach out and grab me on that!

Have a great weekend,

David

New Attitude = NO Regrets

Today is the beginning of the rest of your amazing life. 

You have dreams deep inside of you that need to come true. The choice is up to you. You can either pursue those dreams and allow them to come to fruition, or let the time go by and live with regret.

It’s important to put the past behind us. The past should only be viewed with gratitude for the good things. Look backward with gratitude and look forward with confidence. Use the past as a launching pad. 

Your future dreams are more valuable than the history of the past.
Never build your future around your past. The past is behind you. Do not make the mistake of letting yesterday use up too much of today. It’s much more important to look where you are going than to see where you have been.

We have all been around people that constantly talk about the past. The reality is that those who do that are going backwards. Those who talk about the present are usually just maintaining and staying neutral. 

The ones that talk about the future are growing. This is why it’s important to be forward thinking. The more you look backward, the less you’ll see what’s in front of you. 
The future scares only those who prefer living in the past. Yesterday has passed forever and it is beyond our control. What is important is what lies ahead of us. It is essential to set goals and start working on your dreams.
I know we all have things in our past that we may regret. Do not allow regrets to control your life. You cannot stay there anymore. The key is to use these past regrets as life lessons.  Put them behind you and understand that today is a wonderful new beginning.
You have incredible opportunities right in front of you and you have some amazing dreams inside of you. You have been gifted with special talents. Today is your day to make that decision to make your dreams come true.  It’s going to take a lot of hard work, dedication and commitment. It is not going to be easy. I guarantee that you will have struggles, obstacles, and difficulties along the way. No matter what happens, stay committed to your goals. 
Do not let regret take place of your dreams.

Take the risk right now, and take advantage of the amazing opportunity that you have. Your future self, and all of your dreams will thank you.
Remember this, your past is behind you. You do not live there anymore. 

You have a bright and incredible future. Now is the time to live out your dreams. It may not be easy but I promise you that it will be worth it. 

Believe with all of your heart that you can make your dreams come true. 

Going forward, you will not say “I could’ve, I should’ve, I wish…” Instead, proclaim “My future looks incredible and I’m excited about where I’m going!”.
No regrets! Your future looks amazing!

Now go get after your dreams and make it happen!

Happy Selling, 

David

The Seven Deadly Sins Of Sales

Over the last few years, I’ve watched a lot of salespeople come and go. Seems as if everyone thinks sales is an easy gig until they actually do it. I guess that’s a metaphor for life. It’s easier to talk about a task than do it. There are some misdeeds in sales you can’t do, though. I call these the  Seven Deadly Sins of Sales. 

If you commit one or more of these seven sins, If you commit these sins against sales humanity, you shall perish in the halls of HR, wondering why you are forced to perform meaningless chores for money. 

Avoid these Seven Deadly Sins of Sales at all costs.

#1 Not Following Up: Let’s get the most important sin out of the way up front. As a person working in sales, you should know it takes 8-12 contacts in order to close most prospects. If you don’t follow up after the first contact, you’ll forever starve and have skinny kids. You’ll be plagued with empty bank accounts and a miserable sales existence. 

What’s crazy to me, is that all the sinners out there who don’t follow up are the same ones who usually complain about the leads. Look, your prospects just met you. How can you expect them to give you money? Are you a bum? That’s not how this works. You have to follow up. Let your leads get to know you. People buy from people they know, like and trust. Become that person. 

#2 Talking Too Much: If you talk on like a chatterbox, you will get banished to the accounting department to spend the rest of your existence in bean counter hell. If you talk too much and don’t  make sales, they will put you where you can only talk to yourself. I don’t mean an insane asylum either, but an empty cubicle. Hell. Pure cube from hell. 

If you’re yakking away, you’ll talk your way right out of a sale. Your job is to ask questions, answer questions, uncover the problem and provide the solution. Talking too much complicates the process and confuses the prospect. When you talk too much, you give your potential merchant too much to think about. Thinkers don’t make buying decisions. They “think about” making a buying decision.

#3 Not Knowing Your Product: It’s surprising how many salespeople don’t know their products inside and out. Seriously, it’s an overwhelming number. How are you going to sell without knowledge of every single detail? How does it help your merchant? What problems does it solve? Who’s the best fit for it? Not knowing your product is a sure way to shame yourself out of a sales job.

No one wants to look stupid in front of prospects. Fear of public speaking is the number one phobia in America, due in large part to the fact that people are afraid of looking dumb. If you don’t know your product, you look dumb. If that happens, you’ll be banished to the fiery pits of sales hell for eternity. 

#4 Failing To Prospect: If you don’t work every day to fill your pipeline, you are straight up failing at sales. I mean everyday, 25,30,50 businesses a day. Every deal you close needs to be replaced by at least two more in your pipeline. The ONLY way to fill a pipeline is by prospecting. I always say, “The more hands you shake, the more money you make.”  Prospecting means shaking hands with as many people as possible. 

When you break it down, “sales” translates to mean your future income. Each year, you should be increasing your earnings. Without proper prospecting, you’ll never hit the numbers you want. One of the worst mistakes I see salespeople making is when they have a good month, they’ll slack off the next. Prospecting is not a singular event. It’s an everyday thing.

#5 Not Asking For The Business: You’d be surprised by the amount of salespeople who will conduct a flawless proposal presentation and then fail to complete the most important step. Ask for the business. Not asking stems from fear of rejection. If salespeople don’t ask, they don’t get denied. Seems legit. 

Truth is, if you don’t ask, you also won’t close.

You can know your product inside and out. You could also be the best presenter, but if you don’t ask for the sale, you will never be number one. Not requesting the business will result in working for someone who does. Reality check.

#6 Selling Features: Features are nice. They don’t close sales, though. A true salesman knows that selling benefits and results are the way to riches. When you ignore the needs of the merchant and you talk about how cool Apple Pay or some other pointless feature may be , the prospect tunes out. They might have a ton of questions, which you can’t answer because you’re too busy talking about features to answer them.

Real sales professionals sell benefits and results. Remember this: no one wants a  mortgage. They want a house. No one wants a drill; they want a hole. Find out what they’re drilling holes for, then sell the result. Sell what matters.  The result. Obviously, I can’t say it enough. If you can’t stop selling based on features, you’ll forever burn in the basement of the building in the boiler room of the janitorial department at Walmart.

#7 Not Having A Clear Offer: One of the main reasons salespeople fail to close deals and earn money is lack of a clear offer. Just because you know what you sell, doesn’t mean the prospect does. When you confuse the prospect, you lose the deal. Humans are leery of uninformed decisions. An uninformed decision is a bad decision and most prospects are one bad decision away from peril.

You’ve gotta get clear on what it is you offer, how the offer is presented, and the result of that offer. I’ll let you in on a secret: keep it simple. Over complicating your offer will shrink your bottom line. So, Get clear. Get simple. Get paid. 

Now that you know what the  Seven Deadly Sins of Sales  are, it’s your job to avoid sinning at all costs. You sin against sales and you’ll be losing more than just your tithe money. Let’s be real. We’re all good salespeople, but we can all stand to be better.

Have you made some of these sales sins?

Happy Selling,

David

You Need to Prospect

It’s prospecting month so I’m gonna keep rolling out the post on this topic.

It doesn’t matter how good our products and services are if we want to sell and make money-we must first find people to sell to. Everything you and I want is reachable only if we start prospecting like our lives depend on it. 

You and I could be the greatest salesperson in the world that even knows the greatest sales secret of all-time, we could know how to SUPERFREAK a demonstration, handle all objections like a closing ninja, have hundreds and hundreds of closes in our arsenal ready to use on the spot, but what good is any of that if we have no one to use them on? 

That is the main purpose of prospecting-to get people to know about who we are. Our problem is obscurity. People need to think of our name and our company first when they have a need for merchant services. By prospecting, we can create our own economy. 

 Here are some prospecting tips I know you will find useful today: 

1. Start thinking about how you can SERVE everyone  around you.  

You are meeting someone for the first time and they ask you what you do. When you respond that you’re in sales, they immediately hesitate and become a bit guarded. The truth is the greatest salespeople hardly even consider themselves to be salespeople. They think of themselves as people who are there to serve their prospect or merchant. A prospect is coming to you because they have a problem, a need. There is something that isn’t working right that they need it fixed and they have come to you because they hope you will solve their problem. Often times though, a merchant hasn’t diagnosed or even knows about the proper solution to their own problem. That’s why you as the sales person are there. You are there to serve. Look around you. Everyone has problems. Start serving! 

2. Find a way to get in front of people.  

Are your prospective merchants  involved in community organizations, or on the boards of other companies? 

Making connections at meeting events like chamber of commerce, BNI or other local community meetings

can be a great way to get in front of the hard-to-reach decision makers.  

3. Always get referrals.  

Once when I was with one of my local merchants, I showed him a list of about ten people I was having trouble getting in front of. I asked him: “Do you know any of them and can you help me with them?” My merchant quickly scanned the list and offered to call two of the names on it. 

He immediately achieved two appointments for me that I couldn’t pull off for two weeks. Every time you make a sale, get referrals.

Even when you don’t make a sale, ask for them. The bottom line is to be successful in this industry you need to prospect like crazy, follow up continually and always ask for referrals even from your prospective merchant. 

I challenge all of you to spend the next couple of days thinking of creative methods to make yourself positively known to at least 150 new people next week.

Email or text me back what you came up with and what your results were. 

If you’re not yet on our the Free sales training Click Here. You will get detailed information on the techniques to master sales prospecting in person, on the phone,  with ready-made scripts on making sales calls.. Selling is more than just prospecting of course – but without prospecting you won’t make many sales! 

Happy Selling,

David

3 Tips to Sell Different Types of Prospects

How’s your prospecting going this month? Mines been going well and I’ve noticed some unique characteristics.

Today I want to talk about selling different types of prospects. Here is a misconception sales people have. 

Sales people think that every sale they make is the same. In other words all they have to figure out is their pitch. Once they have their pitch down they are going to be able to sale anybody. Well that is actually not true. Sorry to burst your bubble if you thought you had the perfect pitch. 

The problem is a pitch may work well with one person, but will not work well with a different person. So one thing I want to encourage you to do. Especially those of you who are a little more advanced, maybe you are already making a few sales a month and you want to get to 20 sales a month, learn to match your prospect. Here are three different types of prospects:

1. The enthusiastic, loud or outgoing prospect

Sometimes you walk into the business and have someone who is enthusiastic and loud. With that type of business owner you need to be outgoing. You need to be excited. If you are immediately stepping back and acting timid, they are going to think, “Who is this person. I don’t want to deal with them.” Instead you have to walk in and say, “Hey, I am doing great! It is great to meet you. I am a local business owner just like you. How long have you guys been here?” Jump right into a active conversation.

2. The quiet, timid, or monotone prospect

On the flip side you might have someone who is really quiet and they speak in a monotone voice. Now to that person you are going to say something like, “Hi, I just stopped by today because I really just wanted to introduce myself. I am a local business owner. We have our business just downtown here in Altoona. How long have you guys been in business here?” Have that measured tone to your voice in this situation. If they like to talk, talk about something. Talk about things in the local community. Try to find things that are not argumentative. Maybe things like the local sports team. Local things that are non-partisan. Things that are not religious in nature. Things that are not going to cause something like a big argument. Have a conversation with them and talk to them a little bit, then move over to what you are trying to sell them.

3. The non-talkative, go-getter, or goal-oriented prospect

You also have people that don’t want to talk. These are people that are your “go-getters.”  That’s how I am. If you are a sales person and you come to try and sell me at my office, I would want you to tell me what you wanted and I would probably spend about five minutes with you. Then I would make a decision if I would want to meet with you again or not. That’s how I am at work. A lot of business owners are like. For those people they hate someone coming and talking slow. Mr. Jones is thinking, “Oh, my goodness, I have things to do…”

I will give you one of my personal sales stories and I will finish up. Probably one of the first big sales I made was with a guy that had  a few BBQ shops and I sold both his locations. I walked into his BBQ shop at about 8:30 in the morning.  He was there and a few of his employees were there. They were getting ready for the day, they were not open for business but the door was unlocked. So I walked in and as soon as I did he turns around and looks at me and says, “What do you want?” I said, “I want to do your credit card processing guy.” He said, “What are your rates?” I said, “Cheaper than yours.” He looked at me and said, “Alright, what can you do?” I  told him I needed a credit card statement and he said he didn’t have one handy. I asked him if he could get me one later in the week to which he told me to come back Thursday. I said, “Alright, I will be here Thursday at 8:30 am.” I left. I was probably only there for about 2 minutes. Came back Thursday morning walked in at 8:30am on the dot. He handed me a statement and said go see what you can do and come back. I was there for about another 2 minutes. I got the analysis I came back and we sat down at a table. He was a little more relaxed then and I said, “Here is what I can do for you.” The whole style of the sale was really straight to the point. I said, “I am going to save you this much money.” What questions do you have for me? I let him be in control. (Ask business owners what questions they have and let them be in control of the conversation.) They like that control.

So the idea I want to give you today is if you are doing pretty good with sales and have your opening pitch down, start matching your prospects. This will definitely have a big impact on your sales.

Happy Selling,

David