Sales Blog from Sales expert Trent Leyshan

Archive for the ‘sales process’ Category

The art of down-selling?

Thursday, May 20th, 2010

down size m eDown-selling is the art of narrowing a customer’s expectations and matching them more effectively with a solution that best fulfils their needs or desires.

Too often I see salespeople praying on their customer’s ignorance and up-selling even though there is no extra value being created for customer. In this instance the salesperson is simply meeting their own agenda and getting the customer to pay for it.

Recently my company was in the market for a new office.  I dealt with a leasing company who tried diligently to persuade me to take a larger space with more features, even though I didn’t need them.  I explained on numerous occasions what my very specific needs were; but these seemed to take a backseat to the salesperson’s own needs.

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Is a great product and service enough to succeed?

Friday, May 7th, 2010

Sweet and sourWell that depends on your definition of success.

There is a romantic notion in business that if my product and service is good enough, the business will basically take care of itself. This notion is incorrect. If anything a great product and service is just your starting point and ticket into the game.

Near where I live there is a great little Malaysian restaurant named DorBo. The food is priced reasonably and is always tasty and of quality. I’ve eaten a lot of Asian food over the years, (waste-line to prove it) as this chow is right up there. I go to this little restaurant to get takeaway dinner for my family and load-up on all things indulgent once every couple of weeks.

When I ring to place my order, I am always enthusiastically greeted by a small-framed, middle aged woman and the owner, whom I call “Mamma.” She is in her late 40’s or maybe even 50’s but looks not a day over 30.  She has beautiful skin with a youthful glow and is always bursting with personality. Her every sentence ending with the loving words, “ok darling.”

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The difference between a strategy and a solution

Thursday, April 22nd, 2010

Srategy V solution

In sales there can be confusion between what constitutes a “strategy” and a “solution”. However, there should be no ambiguity  regarding when each should be presented in your sales process.                                                      

What is a strategy? In simple terms ― the what.  The overall plan. The means to help the customer fulfil their needs or achieve their goals and aspirations.

What is a solution? The how. The doing phase. The vehicle used to implement the strategy. The detail.

Once the client’s need or goal has been agreed, it’s then up to the salesperson to identify the best potential strategies before recommending the most appropriate solution.

A discussion about the most relevant strategies and also broader strategies  (thinking beyond the scope) will help your customer  find “buy-in” and understand how they can move from their “current situation” to where they would like to be in the future; “desired outcome”.

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The value of personality and transparency

Thursday, April 8th, 2010

transparencyI was recently car shopping for a 4WD for my partner, Kellie. Searching for a good deal we went into two competing dealers situated not far from each other.

The first was a KIA dealer and the second, Holden. With less than a kilometre separating the two yards, my experience between the dealers could not have been further apart.

Let me start with Holden. My partner and I armed with our two young children entered the lot. We went inside the showroom to find a salesperson to speak with. The showroom wasn’t that busy, but there were a few people floating around distracted and not paying us any attention.

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Busy is overrated

Friday, March 19th, 2010

JugglerIn business I meet plenty of salespeople who seem busy, but only a few who are truly effective.

The reality about busy salespeople is that most are unproductive in comparison to their time-to-output ratio, because the amount of actual value they create is limited by their available time spent per customer. 

The value you create multiplied by your available time will determine your output. A salesperson’s time is best spent on core activities that promote the most value per time spent to achieve maximum output.

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You’re a Star!

Tuesday, March 9th, 2010

Shining starCan you be a “star” all the time ― shining and twinkling high above everyone else, every day? I think a few remarkable people can, but much more attainable for most is being a “star” some of the time.

If you’re a career salesperson like me, you will know how challenging being a “star” can actually be. It’s not an easy road to take and the goal posts appear to magically move and the rules of the game are always changing.

We all have our ups and downs. I’ve had my fare share of downs. You could say the best part of my career has been defined by downs.

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The Power of NO

Thursday, February 25th, 2010

NO

We all know how important getting a ‘yes’ is, but how important is the word ‘no’ in sales? For some companies the word ‘no’ is just as (if not) more powerful than a ‘yes’.

The number one killer of value in any sales model is time wasting and salespeople not knowing where and how to apply their time. I call this scenario ‘The Black Hole effect: lots of time going-in but nothing comes out, ever! By out, I mean productivity, tangible value, results and outcomes.

I have talked in past blogs about ‘Crazy Customers’ and their damaging effect on time management and sales-performance. The key to eliminating times wasters is to get comfortable with saying the word, “No.” As a salesperson you need to know your place; and that is in-front of customers. But not just any customers, the right customers! When I’m working with a sales team, I always look for ways the salespeople can maximise their time, value and output. The first place I start is in understanding where salespeople add most value and structuring their time more in that activity, and to create support structures around them to allow them to do so.

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How to generate quality referrals

Thursday, February 11th, 2010

ReferralsIts fare to say that I’ve been around the sales-block a time or two, or maybe three but who’s counting?

In my fifteen year career ‘selling’ at the coal-face, I’ve seen just about every sales approach in the book ― some effective and others not so.  And If there is a ‘so called’ bag of sales-tricks, my bag is fatter than most.

Having been a fervent student of ‘selling’ for most of my adult life, one thing is for sure, nothing excites me more at the front end of the sales process than a referral. Hot, warm or cold, I dont mind, so long as there’s a need or desire I’m qualified to fulfil. And if someone goes to the trouble of recommending me to another, I dont take that lightly, ― I celebrate it!

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The Power of Empathy

Thursday, January 28th, 2010

Another man shoesSelling shouldn’t be all that hard… come on guys, is it really that complicated? The common answer is,Hell yes” because most salespeople forget the fundamentals of human interaction.  

Sales is really nothing more than the art of meeting, listening, engaging, and leading the right people to a win-win outcome. Which isn’t too tough to achieve, yet many salespeople are obsessed with the pursuit of the so called ‘silver sales bullet’ that will magically cut-corners and transform their sales performance and life accordingly. I’m here to inform you there is no so such thing or external force to you that will determine your ultimate success ― it’s all up to you!

You already possess all the tools, traits, and abilities you need to succeed in sales, it’s just a matter of bringing the right ones into play and focus on the right (habits) to get the right results for your customers. I believe the most powerful ability (indeed habit) in life is to demonstrate ‘empathy’ towards others. I know there are many innate abilities and learned skills such as intellect, creativity, and resilience, the list goes on, but true ‘empathy’ transcends all other qualities and brings people to a place where personal transformation and win-win outcomes are born.

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