4. * Original Question “How do we incentivize and
increase Sales?”
* The Correct Question - “Are we solving the
wrong problem here? The Worst approach to
Sales is to put yourself/your-company at the
focal point of your sales strategy. Shall we
relook from a different perspective.”
*
6. * Completely Inward Looking Process
* What‟s our Sales Target?
* Push more Incentives and Bonuses!
* Set Higher Targets
* Establish Metrics and Measures
* Focus on your (Vendors) Success!
*
7. * Golden Rule: Its not about „You‟
* Sales Leaders who approach sales with an inward focusing process e.g. Qualification, Sales Funnel, Conversion
Ratio‟s, Generating Maximum Leads, Heavy Sales Incentives, Targets and Stretch Goals will never understand and
succeed in the Current Sales Environment.
* Either you can take that from me or I can send you a Ph.D. Thesis on it in 4 years if you are willing to wait
* R‟ber Game Theory?
* It is about them The Customers!!!! And maximizing your Revenues/Profits within that context.
* Traditionally Sales has turned into a Game (Game Theory!!!) where Vendors try to maximize their wins irrespective
of everything else in the world.
* Both winning is another scenario (In a Game) so is The Customer Winning scenario. If the Customer doesn‟t win
there is no Long Term Vendor Profitability.
* If Both don‟t win then there is no Long Term Vendor Viability
* Put the Customer at the Center of your Sales Strategy.
* The Game then becomes a midway path between (i) The Customer Winning and (ii) Both Winning
* At an optimum of Long Vendor Viability and Feasibility and Customer Winning.
* Golden Rule: In the Long Run The Customer and The Vendor Interests Should-be/Are Aligned
* Golden Rule: Short Term Myopic Perspective is the worst for everyone in the Long Run. Which is exactly how
Traditional Sales are. (R‟ber Monthly and Quarterly Targets??? That‟s what I‟m talking about)
* Ref: my Deck on “The Truth About Employee Engagement” which is Post Sales
* Lets talk about Pre-Sales
*
8. * Typical Sales Process is (i) Lead, …(ii) RFI (Request for Information), (iii) RFP (Request
for Proposal), etc. etc.
* Somewhere around the time the Vendor is RFI‟d
* The vendor needs to ask for a Reverse RFI
* Just One Question: Mention the Top 10 (One line each) Issues, Impediments, Wants,
Needs, Desires…
* One set of 10 (One Line Answers) for each Vertical and Horizontal in the Customers
Business
* Two sets for the Customers Business as a Whole (i) Focusing on their Current, and (ii)
Focusing on their future
* Sounds difficult? But that‟s what you need to know. Get it somehow. Over the phone,
email, fax, verbal, meeting, forms, excel, paper, whiteboard…. Doesn‟t matter!!!
* That will form the basis for establishing (or not) a long term relationship.
* Understanding the Long Term value you can deliver to the Customer
* Understanding your Profitability, Positioning, Value Proposition, Compete ability… in
that context
* The Customer is at the Center of your Sales Strategy!!!!! Not you!!!!
* Go from there (The Reverse RFI)
*