16. The Best Sales Process The best sales process is the willing customer buying process. The customers’ buying process always has the following steps: I am important and want to be respected. You must first earn my trust. You must consider my needs. How will your solutions help me (the benefits)? What are the facts? What are the snags? What do I have to do? I agree/disagree. Each step of the sales process must address each of these 8 buying requirements in the sequence set out. If you do not demonstrate that you know the customer is important and wants to be respected – then the buying process will stall and terminate. So how do you demonstrate this first requirement in your sales process? Step 1: “I am important and want to be respected” This must be demonstrated in all meetings with customers. Typical demonstrations will be in: The Preparation You Do • Researching their Website, Accounts, Other Sources • Understanding their Organisational Chart and power people • Knowing their business drivers • Being in tune with their Culture Behaving Peer-to-peer • Buyers ‘buy from someone like themselves’ • It must be Chief to chief Stay Tuned in meetings • Don’t wander, it wastes their time and is therefore ‘disrespectful’ Always ask Questions • What are your key objectives this year? • How will you know if you are successful? • What keeps you awake at night? Step 2: “You must first earn my trust”. Be strategic and singular in the ‘company you keep’. Demonstrate that you can be trusted with the following: CEO and his/her profile in marketplace Members of the Board of Directors Having a Panel of Advisors The Investors, taken on/and in subsequent rounds Advisors (audit/assurance, financial and legal) The strategic marketing management team (CEO and marketing director) The sales management team Channel distributors and re-sellers Alliance, joint ventures and partners Reference customers. Trust in a new product/technology has to be earned by the seller. Buyers will be fearful, uncertain and doubtful about buying something entirely new to them. Some categories of buyers, however, will be more willing to try a purchase. These are the early adopters and innovators. Steps 3- 7: You must consider my needs. How will your solutions help me? What are the facts? What are the snags? What do I have to do? Address each of these by knowing the answers to the following questions HOW DO CUSTOMERS BECOME AWARE OF THEIR NEED WHAT DO THEY NEED OR WANT WHAT OBJECTIVES ARE THEY TRYING TO ACHIEVE HOW DO THEY SELECT A PRODUCT WHO PARTICIPATES IN THE BUYING PROCESS/DECISION HOW DO THEY MAKE THEIR BUYING DECISION WHEN DO THEY SEEM READY TO BUY WHERE DO THEY PREFER TO BUY HOW DO THEY ORDER AND PURCHASE HOW IS THE PRODUCT DELIVERED HOW IS THE PRODUCT INSTALLED APPLIED WHAT HAPPENS WHEN IT’S DELIVERED HOW IS IT PAID FOR HOW IS IT STORED HOW IS IT MOVED AROUND WHAT IS THE CUSTOMER REALLY USING IT FOR WHAT DO THEY NEED HELP WITH IN USING THE PRODUCT WHAT ABOUT RETURNS AND EXCHANGES HOW IS IT REPAIRED OR SERVICED WHAT HAPPENS TO THE PRODUCT WHEN IT IS DISPOSED OFF OR NO LONGER USED Step 8: “I agree/disagree” The customer must finally be given an action to confirm their buying intention – whether this is a verbal agreement to draw up contracts , a deposit or fee or arranging meetings with the other members of a buying committee. If it’s a disagree outturn, work back through the steps to try to establish where your ‘sell’ disconnected with their ‘buy’.