Advanced Sales & Sales Management Training for the Experienced Professional. Questions? You may contact Jim at:

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Advantage And Maybe Even Your Profitability! Questions?

1 Advanced Sales & Sales Management Training for the Experienced Professional Present Selling Services to Increase Your Competitive Advantage And Maybe Even Your Profitability! Questions? You may contact Jim at: Name Copyright /0 Jim Pancero, Inc. Dallas TX

2 Advanced Sales & Sales Management Training for the Experienced Professional ABOUT JIM PANCERO Jim Pancero has the most advanced, leading-edge "business-to-business" sales and sales management training available today. Everything he does is extensively researched and has one bottom line focus....to increase an organization's strategic competitive advantage and market uniqueness. Jim's work focuses on sales organizations with high priced, large and/or competitively complex products and services. His information-intensive keynote speeches, training programs and in-depth consulting work detail his innovative selling processes and strategies for the new economy and global marketplace. Even during a sixty-minute keynote, Jim provides the most experienced members of his audience with proven, immediately usable advanced ideas to increase their competitive advantage and enhance their selling processes. His combination of humor and real-world examples evolved from his experience researching and training in over 80 different industries. Pancero.com Jim has been directly involved in "business-to-business" selling for over 0 years. Six of those years were spent successfully selling the largest computer systems for the Data Processing Division of the IBM Corporation. During Jim's prestigious IBM career he earned several awards including the coveted "Golden Circle" designation annually awarded to the top % of their international sales force. In 98, Jim founded his advanced sales training and consulting company. Since then, Jim has conducted over,000 presentations or consulting days for 600 companies providing a career average of five events per client. Over 90% of Jim's clients utilize his services more than once. You can learn more about Jim at Pancero.com as well view video clips on YouTube Questions? jim@pancero.com Jim Pancero, Inc., Dallas TX Phone: Fax: Copyright 0-0 Jim Pancero, Inc. Page

3 THE COSTING STRUCTURES TO RUN YOUR BUSINESS AND INCREASE YOUR COMPETITIVE ADVANTAGE ARE SHIFTING - The Past - Majority of costs were in procurement, storing and distributing of products - Service and information were difficult to quantify so were not charged - Today - Only a matter of when each industry changes not if - The Future The more competitive the industry the less likely any competitor will be able to charge for added value services and information Copyright 0-0 Jim Pancero, Inc. Page

4 THE NATURAL EVOLUTION OF COMPANY DIFFERENTIATION (AND PROFITABILITY) - Gaining a competitive advantage (and increased profitability) st - Differentiation of location nd - Differentiation of products rd - Differentiation of services th - Differentiation and control of information & customer connectivity - The Reality Today - Your services and information & customer connectivity costs are increasing much faster than any change in product or delivery costing - How much did you spend last year on free support services and information management (technology and staff)? - How large do those costs need to get before you need to start charging for those services and information? - Your competitors will do more to drive this change than will your buyers - Sensitivity to anti-trust and collusion laws Copyright 0-0 Jim Pancero, Inc. Page

THE TOP FIVE INTERNET BUYER ASSUMPTIONS IMPACTING YOUR PROFITABILITY - Buyers today assume: ) Total access and availability to all competitors due to the Internet ) Quality no longer a competitive

5 THE TOP FIVE INTERNET BUYER ASSUMPTIONS IMPACTING YOUR PROFITABILITY - Buyers today assume: ) Total access and availability to all competitors due to the Internet ) Quality no longer a competitive advantage ) A personal Internet search (by an untrained buyer) is a complete and accurate industry/competitor search - In some industries as many as half of all buyers have configured the wrong product or service through their independent Internet search ) Because of increased competitive options from the Internet I can buy the lowest price without sacrificing anything (value, service or quality) ) All information is (or should be) free - Buyers are not willing to pay for information or training assuming it s all already available for free somewhere on the Internet Suggestion Use Jim s SWAT Team Selling The Power of Five Quick Questions video at a sales meeting - This 9-minute video discusses this Internet challenge and offers a selling technique/approach to re-gain control of your sales call and buyer - Video link: The Power of Five Quick Questions - Free at or on - Show any of Jim s videos at your sales meetings and then ask your team to discuss: ) What did you think of Jim s observations and ideas? ) How relevant are those ideas to us, our business and our customers? ) What do you think we should do about it? Copyright 0-0 Jim Pancero, Inc. Page

ALL SERVICES ARE PROVIDED TO INCREASE BUYER INTIMACY AND CONNECTIVITY - The more value, need, risk or hassles we can assign to a service, then the more likely we will be able to charge for the

6 ALL SERVICES ARE PROVIDED TO INCREASE BUYER INTIMACY AND CONNECTIVITY - The more value, need, risk or hassles we can assign to a service, then the more likely we will be able to charge for the delivery of that service - The greater your buyer s potential pain or need for increased connectivity, then the greater a price they will pay to either avoid that pain or increase their connectivity - How are you selling to The FUD Factor (Fear, uncertainty and doubt) - How much effort is your sales team investing now to identify how you can best address your buyer s value, need, risk or hassles? Suggestion Use Jim s Are You Selling to Their FUD Factor? video at a sales meeting - This -minute video discusses how to communicate your value and uniqueness to a buyer by focusing on their FUD factors (and how you can help) - Video link: Are You Selling to Their FUD Factor? - Free at or on Copyright 0-0 Jim Pancero, Inc. Page

THE FOUR LEVELS OF CUSTOMER SERVICE (FROM THE BUYER S PERSPECTIVE) - Amazed - Impressed - Expected - Assumed Suggestion How Impressive is Your Customer Service?

7 THE FOUR LEVELS OF CUSTOMER SERVICE (FROM THE BUYER S PERSPECTIVE) - Amazed - Impressed - Expected - Assumed Suggestion How Impressive is Your Customer Service? video at a sales meeting - This 8-minute video asks you to evaluate your current (and future) customer service levels from the buyer's perspective and then to discuss what you plan to do about it. - Video link: "How Can We Improve Our Customer Service?" - Free at or on - Great to share at a service and/or support team meeting Copyright 0-0 Jim Pancero, Inc. Page 6

8 THE FOUR LEVELS OF CHARGING FOR YOUR SERVICES, INFORMATION AND DECISION CONTROL st Level Service is an added value - Profitability is in your products, services are provided free as added value nd Level Charge the tourists - Charge for service levels to your infrequent or smaller customers - Offer the chargeable services for free to your most important customers (as added value ) - Use the promise of extra services as a negotiating point to prevent lowering your price to win the business rd Level Charge to begin - Will do your inventory planning for you for $ If you order all your products from us you get a $00.00 credit - Means tourists will pay while your better customers get it free th level Charge for value provided - In the early 980 s 90% of IBM s revenues came from hardware - Today hardware is less than 0% - Pick the services to charge that are causing your buyers the most pain - Most likely in information availability and decision control - Charging for services also means you increasing the responsibility (and consequences) you are willing to assume - You will only be able to charge for a service when you can prove hard dollar buyer savings as a direct result of that service - Need to show (and prove) customer case studies that validate how the chargeable services significantly lowered the buyer s costs, hassles or risk. - You will only be able to start charging when you significantly upgrade a service or information control Copyright 0-0 Jim Pancero, Inc. Page 7

9 SUGGESTIONS TO HELP (Page ) ) Start identifying what your buyers are getting used to from others - Who is selling against you (and the services they are offering)? - Who else is selling to your same buyers (even though they are non-competitors) and what services are they providing your buyer? ) Get creative steal from other industries - Plagiarism is a term that only counts when you are getting a grade - Study how other non-competitive industries are making this free to chargeable change to their business/profit models - Ask vendors and consultants calling on you what they have seen happen within other industries - Outside consultants tend to provide new/different while consultants from within your industry tend to provide better ) Do your homework - Invest in a significant improvement of service to move to a chargeable model - The hardest change model is to start charging for a service that was formally available for free - Beta test any new services with customers who will agree to share their results and be showcased by your team - Lead any future services selling discussions with the math proving your results and impact - The center line of all buyers is profitability. The more you can focus on your new products/services impact on their profitability the more of a competitive advantage you will gain Copyright 0-0 Jim Pancero, Inc. Page 8

10 SUGGESTIONS TO HELP (Page ) ) Which marketing/promotional model best fits your level of risk tolerance? - The Everett Rogers Technology Adaption Lifecycle Model: ) The leaders of an industry - Spend more money and make a lot of mistakes being first - Gain the greatest (and longest) payoffs when you occasionally hit it really right - Which level of risk/change will make you the most money over the next 0 years? - Which minimum level of risk/change will you need to maintain just to stay in business over the next 0 years? Copyright 0-0 Jim Pancero, Inc. Page 9

11 SWAT Team Selling Leading Your Team to a Competitive Advantage "Is your sales team functioning as a collection of independent gun fighters each choosing their own targets or a trained unit with process, structures, strategy and direction?" - Step Senior/Executive level Commit to a more Selling Process Coaching style of sales management. - Who will take responsibility for actively coaching each sales team member? - How will you free up sales management time and responsibilities so they have more time to coach and lead their sales team? - Step Senior/Executive level (with input from selected sales managers and senior sales reps) - Identify & develop your team s Selling Best Practices - Account planning forms and coaching process Standardized account planning/coaching forms to help your sales reps prepare for their management coaching sessions - Why buy from me messaging - Having a brief message of strategic competitive uniqueness and value being consistently delivered by all members of your sales team - ID to Close new business stepped selling process - Multiple-stepped plan to proactively strategize and implement when selling to a new prospect or selling a new business opportunity to an existing customer. - / to / plans to support and grow your best customers - Multiple-stepped plan to proactively maintain and grow an existing customer. - Step Front line Sales Managers - Teach your sales managers how to shift from being Transactional Managers to Selling Process Coaches. - The average sales manager today does little coaching or leadership but instead focuses all of their efforts on merely supporting their sales team with special pricing, expediting, problem solving and customer thank you calls. Time, and coaching skills, needs to be committed each week to get more involved as a coach and strategist to each member of your sales team. Copyright 0-0 Jim Pancero, Inc. Page 0

12 SWAT Team Selling Leading Your Team to a Competitive Advantage Page - Step Sales Reps and their Sales Managers - Teach your sales team how to best utilize your defined Selling Best Practices and account planning. - The marketplace has changed. Customers are less loyal, more demanding and are more price sensitive. Your competitors are effective selling professionals with a solid set of existing customers, offering proven products at a very competitive price. - Your ability to win competitively in this intensive market will be based on your capability to consistently implement all areas of your selling expertise, functioning with your team (and sales manager) to apply the SWAT Team Selling Best Practices and proven philosophies that can best increase your competitive advantage and selling success. - Goals/outcomes from completing these four steps toward SWAT Team Selling - Sales professionals utilizing a SWAT Team Selling multiple-stepped thinking, planning, and selling approach - Sales professionals better maintaining and growing their important customers through structured account planning and coaching from their sales manager. - All sales team members communicating a consistent and stronger message of competitive uniqueness when any customer asks Why do I want to buy from you? - All sales team members understanding and following a consistent set of Selling Best Practices. - All sales team members gaining an understanding of how to sell, as a team, a single solution of customer-focused value through all departments within your organization. - All sales team members gaining an appreciation and confidence that they are good enough to get better. Watch my SWAT Team Selling videos at Pancero.com or YouTube.com/sellmore Still have questions? or jim@pancero.com Copyright 0-0 Jim Pancero, Inc. Page

TEN QUESTION ADVANCED SALES TEST Evaluate a salesperson (or yourself) assigning one of five scores to each question: Consistently excels and demonstrates an advanced effectiveness at this skill.

Has low to little awareness or attempts to utilize this skill. Personal Persuasiveness Q - Personal Persuasiveness With Customers? - Good on their feet in front of customers.

13 TEN QUESTION ADVANCED SALES TEST Evaluate a salesperson (or yourself) assigning one of five scores to each question: Consistently excels and demonstrates an advanced effectiveness at this skill. Occasionally succeeds at demonstrating control and mastery of this skill. Shows some control and understanding of this skill. Show ow weak or little control or understanding of this skill. Has low to little awareness or attempts to utilize this skill. Personal Persuasiveness Q - Personal Persuasiveness With Customers? - Good on their feet in front of customers. Persuasive no matter how brief their selling time. - Ability to build strong relationships with a full range of personalities, ages, and job positions. - Strong product/industry skills. Helps customers improve their business and e equipment quipment usage. Q Effective Customer Information Controls? - All customer contact information kept accurate and up to date. - Strong history notes on all significant customer activities in your computer system. Tactical Control Of Your Assigned Territory and Selling Processes Q Actively Prospecting For New Business? - Ongoing efforts to discover and sell new applications/equipment to existing customers. - Ongoing efforts to discover and sell applications/equipment to new or competitive customers. custo Q Ability to Maintain And Grow Existing Customers? - Ability to maintain high customer satisfaction ratings and feedback. - Successfully handles customer problems and inquiries in a timely and persuasive manner. - Has developed strong, long long-term relationships with majority of customers. Q Proactive Control of New Business Selling Processes? - Thinks and plans multiple sales moves ahead with majority of selling opportunities. - Has a written selling game plan in place for all major selling opportunities. - Can explain next three planned account selling moves or actions at any time for any account. Q6 Accurate Forecasting & Ability To Predict Sales Results? - Develops and maintains a full year sales forec forecast for assigned territory. - Ability to predict upcoming wins and losses with a strong degree of accuracy. - Keeps management updated with ongoing accurate and timely sales forecasts and reports. Ability to Communicate, Position and Sell Your Uniqueness and Value Q7 Ability To Win Higher Priced Business? - Ability to sell your value and competitive uniqueness so you can win a customer s business without being the lowest price or without significantly cutting prices or profit margins. Q8 Ability To Communicate and Position Competitive Uniqueness and Value? - Briefly and persuasively communicates your messages of competitive uniqueness and value to all customer selling opportunities. Q9 Strong Competitive Awareness? - No major competitive losses in your territory. - Demonstrates strong awareness of competitor s products, pricing, and selling messages. - Ability to proactively neutralize and sell against competitive selling messages and strategies. Commitment to Being Good Enough To Get Be Better Q0 Is Coachable With A Positive Attitude And Work Ethic? - Is a Student of Selling trying new ways to sell and seeks coaching advice from others. - Helps improve others selling skills. - Committed to helping our team become stronger and more competitive. Copyright 0-0 Jim Pancero, Inc. Page

14 TWENTY QUESTION SALES LEADERSHIP EVALUATION Evaluate yourself by circling a number for each question: Non-existent Weak "Just Average" Leading "Best Practice" Your Role as an Administrator, Problem Solver and Disciplinarian # - Your skills as an organized administrator are? # - Your skills coaching your sales reps through problem solving are? # - Your skills managing and coaching the pricing and profitability decisions of your teams are? Your Ability to Build and Retain a Sales Team # - Your new sales person searching and interviewing skills are? # - Your new hire sales training program is? #6 - Your Performance Plan program in place for each member of your team is? #7 - Your ongoing experienced sales team training process is? #8 - Your accessibility to your sales force is? Your Ability to Lead #9 - Your sales team would rate their satisfaction level working for you as? #0 - Your amount of positive focused communications with your team is..? # - Your ability to initiate new ideas and account planning conversations with your team is? # - Your ability to delegate to your sales team is? Your Ability to be a Coach & Strategist of Your Selling Process # - Your ability to organize and lead your team as a single market force is? # - Your team s ability to communicate a single message of competitive uniqueness and market leadership is? # - Your ongoing new business prospecting process currently in place is? #6 - Your marketing and promotional skills are? #7 - Your ability to commit time to individually coach and strategize with each of your sales reps is? #8 - Percentage of time spent talking future focused with your reps is...? #9 - Your ability and time committed to talking tactical and strategic focused with your sales reps are? #0 - Your ability to communicate with customers to help your sales reps get higher, wider and deeper is? Copyright 0-0 Jim Pancero, Inc. Page

15 VISIT PANCERO PANCERO.COM TO ENHANCE YOUR SALES AND SALES MANAGEMENT TRAINING - Articles for Sales Pros and Sales Managers to help you with In In-House House training. Each article has a "Print & PDF" button that will format the article for your printer or create a PDF, your choice. pancero.com/blog - MP's - MP audio training by Jim that you can listen to while on the go, can be played from your phone or tablet Videos - Watch training videos from Jim. Sales and Sales Management topics are covered, including new videos covering SWAT Team Selling and more coming so bookmark the site. Copyright 0-0 Jim Pancero, Inc. Page

AND JUST FOR YOU AND NAED... Download a PDF copy of this workbook: http://www.pancero.

16 AND JUST FOR YOU AND NAED... Download a PDF copy of this workbook: Watch the pre-program NAED promotional video: Watch a follow-up video from today's program recorded for you and NAED: Copyright 0-0 Jim Pancero, Inc. Page

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