How To Sell

by Michael Troiano on July 16, 2010

Alec Baldwin in Glengarry Glenn Ross

Having a chat with my team tomorrow morning about the most important but under-appreciated skill in business: Selling.

I graduated from Cornell with a degree in advertising, and promptly leveraged my Ivy League credentials into 28 rejection letters from the best agencies in Boston and New York (I still have them all. Bastards.) My Dad convinced me at a truly low point in my life that a marketing guy “who could actually sell something” would be something of a novelty, so I shouldered my pride and took a job selling kitchen knives door-to-door.

I learned more about sales and marketing that summer – knocking on doors and selling knives across kitchen tables – than I ever did in college. When I did land that first gig in New York, a big part of the reason was that very story.

25 years on I’ve graduated to selling things across conference room tables, but little else has changed. Here are the 5 best pieces of advice I have for people who need to do the same.

1. Invest in Relationships.

Chris always says agency new business leads come from 3 sources: Breakfasts, Lunches, and Dinners. He’s got a point.

How many new people did you meet this week? How many cards did you collect at the events you attended? How many acquaintances did you check in with, just to say hello? That guy who e-mailed you looking for a job… did you offer to have coffee with him? If not, you should have. When he gets one – and he will – I promise he’ll remember you.

People who sell do all of these things, and the very best do them with genuine altruism and a desire to help others. In the end your ability to surface opportunities is a straight-line function of the number of people who are thinking about you this week, and job one is to make that happen among as large a group as possible, week in and week out.

2. Look for Problems, not Opportunities.

It’s rare to “find” opportunities. Fact is, most opportunities are made, by people who are very good at uncovering problems.

So look for problems. Walk in other people’s shoes. Make their problem yours, and really apply yourself to the problems best suited to your unique talents and experience. It may take some time, but good things will happen. Trust me.

3. Get the First Meeting Right.

The only “sales meeting” you really have is the first meeting. You have 5 objectives in this meeting, in this order:

  1. Establish warmth – Demonstrate you’re not a dick. To do this, it helps not to be a dick.
  2. Establish competence – The first question on the table in every meeting is “Why should I listen to you?” Bring some content to the dance; a slide or better yet a story that shows you to be someone worthy of attention in your prospect’s busy schedule.
  3. Find and confirm pain – “Pain” is what sales guys call The Problem, as it is perceived by the prospect. Have you asked what the problem is, exactly? Can you re-state it, in a way that makes them go, “Yes, exactly!” If not, slide after slide about how great you are wastes everyone’s time.
  4. Gather inputs for buying vision – “Buying Vision” is what sales guys call the mental picture of what your customer wants to buy. This will inevitably be different in small but important ways from what you want to sell. Closing that gap is what sales is all about.
  5. Get a concrete next step – Finally, leave with an action item. I hate when people come back from a pitch meeting and talk about what a “great meeting” it was. What’s the next step, Ziglar? If there’s not a clear one, it was most definitely NOT a great meeting.

4. Close.

I’m not talking about high pressure tactics here, I’m talking about following up to see where things are. Ask for the business. Show in your words and more importantly through the sustained intensity of your interest that you want the gig. If you don’t do that you don’t want it, and nobody gives their business to someone who’s disinterested in it.

5. Deliver.

Finally, you need to deliver the goods. It’s a small world, and everyone that matters in it is on LinkedIn. Deliver on your promises and do right by people, and one day you’ll turn around and be someone worthy of trust.

And there is no more useful sales tool than that.

That’s all there is to it, folks. Now get out there, and shake it.

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It’s Time to Tackle the Unlearning Challenge

by Michael Troiano on June 18, 2010

Had a nice chat with my pal Edward Boches earlier today, talking about MITX’s FutureM, and why its timing couldn’t be better.

These are challenging times among marketing folk. I’m convinced most are still hoping this social stuff is going to just blow over at some point, but even those who “get it” often seem not quite sure what to do with it.

There are a set of ideas accepted as metaphysical certainties among the social branding blogerati, almost all of which are anathema to people who’ve successfully built brands through broadcast media. Among them:

  • The user is in control now
  • Great marketing is distributed, not centralized
  • Target engagement trumps message control
  • The future belongs to free content
  • Advertising is dead.

There’s truth in each of these ideas, and nonsense as well.

The struggle to get beyond the black and white view, highlight the nuances, and act on them in ways that make sense for a particular brand at a particular point in time are daunting, to say the least. In doing so progressive brand managers need to overcome both the inertia of entrenched old-media diehards, and the relentless castigation of social marketing jihadis. It’s a real challenge, to say the least, and a recurring theme in the day-to-day lives of camp-straddlers like Edward and myself.

Perhaps the first step toward a productive middle way is the try and frame the problem in a more nuanced way. Reflecting on our conversation, I’ve come up with this:

Social/Content/Inbound/New Marketing is hard because adopting it requires cognitive change on 3 levels.

First we must learn what we don’t know. We have gurus for this, fortunately… Chris Brogan, David Meerman Scott, Louis Gray, and others. These people are the front line of the revolution, and although the risks are great out there, it’s a lot of fun on the days you don’t get shot.

But learning what is new is not enough.  There’s a bunch of stuff we need to re-learn… the fundamental truths of branding, communications, and media, which evolve within the speed limits of behavioral rather than digital change. There are a handful of real bloggers with the depth of experience required to advance this position. For me Tom Cunniff is in this camp, along with people like Joe Jaffe and Steve Rubell.

But even that is not enough. There’s a third leg of the New Marketing adoption stool: That which must be un-learned in order to succeed. The unlearning domain includes a whole bunch of established, structural stuff that needs to be turned on its head: organizational structures, business processes, financial incentives, competitive dynamics, and operational metrics. These may be among the most challenging things to change, and they are almost certainly among the last to be tackled by the subset of people who are serious about business results.

I hope to spend some time tackling these issues in one of the FutureM sessions, and hope you’ll join us for it. In the meantime… does this framework shed any light on things for you?

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Big Trends on the Internet

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Mary Meeker is a wicked smartypants. Here’s her take on the big Internet trends right now, with emphasis on mobile in general and iPad in particular. Internet Trends 2010 by Morgan Stanley Research View more presentations from CM Summit: Marketing in Real Time.

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I am a social marketing guy. It’s all about the relationships for me; about sharing ideas with smart people, and peeling the onion together. The bits and bytes are a necessary evil, a medium most effective when made transparent. Every once in a while I feel the need to spend some time on the vessel, though, primarily on upgrading the enabling tools of this blog. I spent the last 48 hours on a bit of a mission cleaning things up around here. Here’s what I did, and what I learned.

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Had lunch with a marketing exec today. Senior guy, lots of questions about Twitter, but hadn’t had a chance to get into it yet. I put together a “Ten Step” type note for him, and thought I’d share it in hopes of helping other senior marketing folks get started…

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A New Notch in the Beer Market

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Chris Lohring is, in the local parlance, “a wicked cool kid.” A longtime consumer brand guy and FOH-M, Chris was also a co-founder of Tremont Brewery, and is a beer snob like many of us at the agency. A few months back he and Chris Colbert were having a conversation about a category Chris L. [...]

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Today’s Platform Preferences

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Speaking at a Vilna Shul event tonight, please stop by if you’d like: “Today’s Platform Preferences” There was a time when the most complicated platform decision faced by a developer was PC or Mac, and sometimes choosing a flavor of Unix. Now in the age of mobile devices and set-top boxes, a platform is not [...]

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