I read a lot of books regarding the subject of sales. Sales and revenue are the life blood of any business. Hence every entrepreneur needs to equip him/her self with the necessary skill sets to sell, because in the final analysis their livelihood depends on their ability to convert prospects into paying customers. I had heard good things about Brett Clay’s new book on Selling Change and thoroughly enjoyed reading it. It does not read like a standard book, as the author discloses 101 secrets to effectively improve sales by leading change. The book is divided into five components that build a framework the author refers to as, “Change Leadership Framework”. The five components are:
1. Force Field Analysis
2. Change Response Analysis
3. Power Analysis
4. Value Creation
5. Change Actuation
This is not your run of the mill sales book that focuses on traditional sales processes and how to convert prospects in your pipeline faster. The book focuses on high value solution sales strategies. Solution selling is a very different ball game as compared to transactional selling. Most of the time, selling high value solutions requires a considerable amount of change to take place within the organization. The book takes you through a five stage process that enables you to make your case stronger and equips you with the skills needed to close such deals. It is full of valuable tips, tips which had I read earlier in my career as an entrepreneur, would have saved me a lot of pain. Some of my favorite tips are:
1. Not falling into the trap of owning your customer’s problems: I have done this many times in the past. The customer has a pain and as a company we take ownership, and strive to remove this pain for the client. Once we take ownership of the problem the client essentially wipes his hands of it, and any problems that arise from there on will be directly pointed at you. We need to ensure that the customer retains ownership of the problem, and strive to play a support role to help them through that problem.
2. Double your best estimates: Another common problem with early stage startups is, they usually end up selling themselves short. In most high value solution selling situations, research confirms that actual resource requirements are on an average 1.7 times the original estimate. Thus, you need to take these factors into account when deciding how much you are going to quote, and the resources it will require to complete the job.
3. Don’t Beg – Deliver: When sales have been dry we do our best, sometimes desperately so, to close any deal regardless of what it may entail, or what sort of resources required to complete it. This is when things go from bad to worse very quickly. The author mentions that instead of using “push” tactics and thinking how to accelerate order, we will get better results by using “pull” tactics and thinking how we can deliver more value. That is a very powerful thought, one which is being heavily publicized in the world of inbound marketing these days.
This is a great book to read for anyone who wants to get into high level consulting as well as selling complex solutions. For entrepreneurs or readers who are just starting their careers in sales, this book may jump the gun a little as there are still lots of fundamental grounds rules that need to be put into place to build a strong foundation of becoming a sales rockstar. Notwithstanding that, this is a great book to add to your shelf and refer to when you are ready and wanting to break into the big times!