The Vital Role of Recruiters in a Bear Market: Generating Sales Leads
In a challenging bear market, where budgets are tight and decision-making is cautious, proactive lead generation becomes the lifeline of revenue...
4 min read
Dan Fisher : Sep 26, 2012 5:45:00 PM
Sales meetings are crucial to a sales team’s success, if done properly. They can make all the difference in the world in accelerating your new business development sales cycle. But a poorly-run, disorganized sales meeting isn’t just inconvenient, it’s a waste of everyone’s time.
Over my career I’ve learned how to run productive sales meetings. My methodology enables the seller or business development representative to position him or herself as an authoritative thought leader system and provides a framework for the seller to engage in meaningful dialogue in which they add value and co-create a solution with the customer.
With that said, I share with you 5 Tips for Running Successful Face to Face Sales Meetings
1. Pre Call Planning & Research: Internalize the basics on your customer's business. This includes knowing and understanding company size (revenue and employee headcount), key locations, service offerings and products, top top customers and top competitors. What is their business model? Are they growing and investing? Where, why and how? What is their big picture strategy and how does technology fit in? What are their key initiatives currently under way? Upcoming? What are the major trends currently driving their industry? How is their strategy/growth impacting the IT department (and/or) product development? Uncover critical business issues they are trying to solve and goals & objectives they're trying to achieve. If you fail to do this basic research then you have wasted your prospect's time and your time.
With the research in mind, think about and develop ideas on how you and your service offering can help them achieve their goals and solve their challenges. come up with ideas to share on how they can beat their competition.
Download Now: Top Sales Prospecting Techniques That Book More Meetings
2. Opening the Meeting: How will you open the meeting? What specifically will you say? How will you quickly demonstrate credibility and show the client this will not be a waste of their time? When and how will you transition into your questions?
I strongly encourage you to use a meeting agenda. Your meeting agenda should highlight the basics:
When opening the meeting re-confirm everything that was agreed to on the meeting agenda (when the meeting was scheduled). Be sure to re-confirm the client's expectations of the meetings, do NOT assume nothing has changed. Ask the client, "what specifically would you like to get out of our meeting today?" Once the you confirmed the meeting agenda it is time to get down to business.
You get down to business by sharing with the client the research you have done on their company and their department. This is your moment to shine, by impressing them with all your research and what you know about them. What you DON'T do is say "tell me about your business" or "tell me about your staffing needs." Those are classic tactics used by trivial commodity suppliers and transactional business development representatives.
Then, share with them how and why you think you might be able to impact their business by sharing a relevant value proposition with them. When sharing your value proposition do it in such a way that is builds credibility. Don't make it a sales pitch. You should be sharing a relevant story that demonstrates how you have helped another like minded customer in a similar situation. Be sure to articulate:
3. Prepare Thought Provoking Questions: Don't go into your meeting with the "industry standard" questions like:
4. Anticipate Objections & Questions: You need to be prepared for any and all questions including objections and rebuttals for those objections. So, what questions might the client ask you? You have to assume they are going to ask you who your current customers are and how you're helping them. Depending on their experience with their other vendors (your competition), they're most likely going to ask you questions about how you handle certain situations where they have been burned or let down by their current/past provider. Again, write down 10 questions you anticipate to hear on your meeting and practice speaking your answers out loud.
5. Summarizing and Closing the Meeting: How will you close the sales meeting? The answer to this question starts at the beginning. What is your goal & objective of the meeting? You can have multiple goals and they could potentially change in the meeting based on what the client shares with you but I suggest you envision the end of the meeting before it begins.
Part of your goal should include the client committing to action. They don't have to sign a contract but you do want them to commit to taking some sort of action and next step. Remember, you get paid for what your client does, not what you do. So what action-item(s) will you ask your client to commit to? By what date? What will you say to summarize the meeting? All of this needs to be planned out in advance.
I suggest you close the meeting by summarize the key takeaways including the decisions that were made and then ask the client "may I make a suggestion?" When they say yes to this question, you simply suggest the next logical and reasonable next step in the process to move closer to a sale. Again, make sure this next step requires the client to commit to some sort of action. It could be them scheduling a follow up meeting, or introducing you to someone else in the account. If you're the one doing all the work you will have a sales bottleneck.
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