Picture your drive way with 80,000 rubber squids dropped on the driveway by a delivery truck the size of Kentucky. How would you move them all?
Let me introduce you to Steve Spangler a science aficionado. He loves to share the fun of science with teachers and kids around the world. He creates experiments that explode and makes science an art to be explored. Check him out at stevespanglerscience.com.
Steve is a good example of how thinking small but pushed to big gets awesome results. See Steve decided to create some small rubber squids for his science activity SQUIDYtm. He set about to get a mold made and when told he had to buy in quantity, he agreed. For after all, how hard could it be to sell 500 of them?
What he didn't expect was 80,000 of them dropped at his driveway with a $20,000 price tag to be paid in 30 days.
This "error" forced Steve to think far bigger than he originally planned. Today his experiments are in 1,000 stores and over 20,000 educational catalogs worldwide.
All because Steve couldn't "afford" to sit on this quantity. He needed to make money fast so he could pay the $20,000 invoice.
When do you think too small? In what ways are you trying to play it safe and be in the 500 quantity range rather than in the 80,000 Oh-my-gosh-what-are-we-going-to-do range?
Live large rather than just playing safe!
Anne Warfield
More on becoming innovative by Anne Warfield
Showing posts with label sales training. Show all posts
Showing posts with label sales training. Show all posts
Tuesday, December 15, 2009
Wednesday, November 18, 2009
From Birdseed to Seed Money
Birdseed. Imagine if in 1981 someone asked you how much money you could make selling birdseed. Seems to be a limited market doesnt' it? I mean imagine the retail space you need to rent and the amount per square foot you would need to generate in order to make it profitable.
The only way it will work is with one magic ingredient-one that costs no money. Jim Carpenter knew what that ingredient was so he took the risk and launched his business. This "little" business now does $120 million dollars a year in revenue s Wild Birds Unlimited.
Seems to be amazing, especially when you consider how much business he did BEFORE the internet took off. He had to get all bird lovers in an area to come to his physical store and he did it with his secret ingredient.
You, too, can have his secret ingredient if you tap in to the right part of you. He had passion for birds. He loved all aspects of them and he wanted to share that passion with other bird lovers. That is how he started his store.
His passion drove people to come to his store to buy birdseed as well as to learn about birds.
Other companies have had this magic formula and they went away from it in order to have more efficiency and profit. Think of Sears.In the tool department, they used to hire men that loved to build things. You knew you could go to Sears to find a hammer and get a lesson on the nails and other equipment you need to build the proper deck. Most of the men in a neighborhood bought Craftsman tools.
Then Sears when to building center kiosk for selling and hired high school kids to man their floors. Suddenly the "extra" you went to Sears for was no longer there. See they didn't GO for the Craftsman tools- they went for the information and passion that came free with the Craftsman tools. The use value a person got from that experienced salesman on the floor is what made them fork over the money to buy the tools.
So here is your take action:
1.Define what you are passionate about.
2.Figure out how to let others see and feel it so it has a "use value" to them.
When they feel the "use value" that causes them to want to do more business with you, work closer as a collegue with you or to follow you as a leader.
Anne Warfield
More on Sales Training by Anne Warfield
The only way it will work is with one magic ingredient-one that costs no money. Jim Carpenter knew what that ingredient was so he took the risk and launched his business. This "little" business now does $120 million dollars a year in revenue s Wild Birds Unlimited.
Seems to be amazing, especially when you consider how much business he did BEFORE the internet took off. He had to get all bird lovers in an area to come to his physical store and he did it with his secret ingredient.
You, too, can have his secret ingredient if you tap in to the right part of you. He had passion for birds. He loved all aspects of them and he wanted to share that passion with other bird lovers. That is how he started his store.
His passion drove people to come to his store to buy birdseed as well as to learn about birds.
Other companies have had this magic formula and they went away from it in order to have more efficiency and profit. Think of Sears.In the tool department, they used to hire men that loved to build things. You knew you could go to Sears to find a hammer and get a lesson on the nails and other equipment you need to build the proper deck. Most of the men in a neighborhood bought Craftsman tools.
Then Sears when to building center kiosk for selling and hired high school kids to man their floors. Suddenly the "extra" you went to Sears for was no longer there. See they didn't GO for the Craftsman tools- they went for the information and passion that came free with the Craftsman tools. The use value a person got from that experienced salesman on the floor is what made them fork over the money to buy the tools.
So here is your take action:
1.Define what you are passionate about.
2.Figure out how to let others see and feel it so it has a "use value" to them.
When they feel the "use value" that causes them to want to do more business with you, work closer as a collegue with you or to follow you as a leader.
Anne Warfield
More on Sales Training by Anne Warfield
Monday, June 15, 2009
How Can Cutting Off Feet Make You $300 Million?
Sara Blakely was frustrated. She wanted her bottom to look better in white pants. There was nothing on the market to help her so in frustration she took a pair of pantyhose and cut the feet off. Eight years later her company, Spanx, is exceeding $300 million in sales.
I have found over the years that there is unique mixture to success. It comes with a blend of frustration at that problem, persistence in solving it and then execution in acting on your solution. Notice that her solution is not one that no one has done before. It isn't even one that is that brilliant. What is brilliant is her belief that other women, like her, were solving this same problem one at a time. All she did was be the one to stand on the rock and say, "here is the solution!"
For years my Mother-in-law has been taking shower caps from hotels and using them as caps on plastic containers. Lo and behold today those same little "shower" caps are made by glad and sold by the millions to consumers.
So I ask you, what problem do you see people facing that you can solve? Remember your solution doesn't have to be big or expensive; it just needs to be desired.
Take Action today and look for problems you can solve. If you are in sales, talk to your client about the problems they face and look for the simple solutions you can do whether it is shipping a new way, adding a small feature, or combining resources.
Anne Warfield
Learn more about Sales mind sets:
I have found over the years that there is unique mixture to success. It comes with a blend of frustration at that problem, persistence in solving it and then execution in acting on your solution. Notice that her solution is not one that no one has done before. It isn't even one that is that brilliant. What is brilliant is her belief that other women, like her, were solving this same problem one at a time. All she did was be the one to stand on the rock and say, "here is the solution!"
For years my Mother-in-law has been taking shower caps from hotels and using them as caps on plastic containers. Lo and behold today those same little "shower" caps are made by glad and sold by the millions to consumers.
So I ask you, what problem do you see people facing that you can solve? Remember your solution doesn't have to be big or expensive; it just needs to be desired.
Take Action today and look for problems you can solve. If you are in sales, talk to your client about the problems they face and look for the simple solutions you can do whether it is shipping a new way, adding a small feature, or combining resources.
Anne Warfield
Learn more about Sales mind sets:
Tuesday, October 21, 2008
Finding Profits in a Down Turn Economy
Sharks hunt for prey by finding movement in the water or blood. In today's economy you can often find people mistakenly adopt a "shark" sales mentality. They feel they need to circle out there and surround customers by getting to them first. First smell of blood in the water and they go for it.
You can see this in the way traditional sales is set up for questioning. Think back to the last three sales calls you either gave or received. If you are like most of our clients, they describe an "awkward period" where questions were volleyed out left and right as the sales person tried to make a connection and to find out a need they could solve. During this process both parties sit back and warily circle each other. Much like the shark in the water.
It doesn't need to be that way. There is a way to sell and service clients that doesn't require the leery circling of each other. There is a way to become a trusted partner. It requires a different way of thinking, listening, and speaking though. You can't be transactional and just pound with questions. The prospect knows where you are going with this and they don't appreciate being the worm on the hook to lure the shark. Oh, wait, to them you are the shark!
There is another bad point to the pounding of questions- it has been proven that when clients become confused or upset, they choose to stay "status quo." That means even though you may have a better deal they will stay with their present deal or pain because it seems easier to them.
Your job is not to sell. Your job is to help them make a choice that will propel their company forward. This means you need to know how to build rapport, threadline your questions and facts, and focus the energy in the room by excavating in a whole new way.
Try this, write out the questions you usually ask clients. Then play Devil's Advocate. Change the product or service you are selling and then ask the questions out loud to yourself. Do they make you feel cornered, pressured, or dumb? Or do they focus on driving the customer to your solution versus digging to find out what their problem is? If so, you are asking attack "solution" questions. You want to ask ProbeQs™ that draw people in, give them control, and bring out their wisdom and insight at the same time they enlighten them.
Think of it this way, imagine you go to see a doctor about a heart problem. Would you want a doctor that had a treatment in mind and they just asked you questions to draw you toward doing that solution or would you prefer a doctor that listened, and then asked probing questions to first determine if you even have a heart problem before they even talked to you about a solution? So if we prefer, the second scenario, why do companies keep equipping their sales people with sales strategies that teach them how to find how their solution can fit a client but not the deeper pain that could lead to a lasting partnership? We just got a call the other day from a client that reduced their sales cycle by 70% by flipping to the Outcome Focus™ Approach to Sales Excavation. The best part she said was that she never felt like she was selling; she was just helping the client.
TAKE ACTION: Try changing your list to make it more inviting, intriguing and more centered on the clients problem, not your solution.
Anne Warfield, www.impressionmanagement.com
You can see this in the way traditional sales is set up for questioning. Think back to the last three sales calls you either gave or received. If you are like most of our clients, they describe an "awkward period" where questions were volleyed out left and right as the sales person tried to make a connection and to find out a need they could solve. During this process both parties sit back and warily circle each other. Much like the shark in the water.
It doesn't need to be that way. There is a way to sell and service clients that doesn't require the leery circling of each other. There is a way to become a trusted partner. It requires a different way of thinking, listening, and speaking though. You can't be transactional and just pound with questions. The prospect knows where you are going with this and they don't appreciate being the worm on the hook to lure the shark. Oh, wait, to them you are the shark!
There is another bad point to the pounding of questions- it has been proven that when clients become confused or upset, they choose to stay "status quo." That means even though you may have a better deal they will stay with their present deal or pain because it seems easier to them.
Your job is not to sell. Your job is to help them make a choice that will propel their company forward. This means you need to know how to build rapport, threadline your questions and facts, and focus the energy in the room by excavating in a whole new way.
Try this, write out the questions you usually ask clients. Then play Devil's Advocate. Change the product or service you are selling and then ask the questions out loud to yourself. Do they make you feel cornered, pressured, or dumb? Or do they focus on driving the customer to your solution versus digging to find out what their problem is? If so, you are asking attack "solution" questions. You want to ask ProbeQs™ that draw people in, give them control, and bring out their wisdom and insight at the same time they enlighten them.
Think of it this way, imagine you go to see a doctor about a heart problem. Would you want a doctor that had a treatment in mind and they just asked you questions to draw you toward doing that solution or would you prefer a doctor that listened, and then asked probing questions to first determine if you even have a heart problem before they even talked to you about a solution? So if we prefer, the second scenario, why do companies keep equipping their sales people with sales strategies that teach them how to find how their solution can fit a client but not the deeper pain that could lead to a lasting partnership? We just got a call the other day from a client that reduced their sales cycle by 70% by flipping to the Outcome Focus™ Approach to Sales Excavation. The best part she said was that she never felt like she was selling; she was just helping the client.
TAKE ACTION: Try changing your list to make it more inviting, intriguing and more centered on the clients problem, not your solution.
Anne Warfield, www.impressionmanagement.com
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