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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{ 21 comments… read them below or add one }

Mark W July 16, 2010 at 2:09 am

Practically fell off my barstool reading Rule 3.1 above. The value of this rule is greatly under-estimated.

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Tim July 16, 2010 at 9:39 am

5 (1) is primary

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Marty Glover July 16, 2010 at 1:15 pm

One of your best posts, crisp and lots of useful takeaways. The “great meeting” description became just a synonym for having accomplished nothing in my last company. It garnered ridicule in weekly meetings initially and, eventually, became short hand for a frustrating meeting that we would really focus on in sales meetings.

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Gary July 16, 2010 at 1:55 pm

Just plain excellent !
Nicely laid out…..

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Scott July 16, 2010 at 2:30 pm

As a long time sales guy…. I love this post!!

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Aaron Templer July 16, 2010 at 3:36 pm

Good stuff. The pressure under all of this, it seems to me, is asking and answering the question “why does it matter?” It doesn't matter that the knives are great. It matters that they'll do great things for me.

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Lee McKnight Jr. July 16, 2010 at 3:36 pm

Fantastic post, first time on your blog-I'll be back.

Thanks,

Lee – agencynewbusiness.com

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zrdavis July 16, 2010 at 4:51 pm

Well written. The skeptic in me questions how difficult it will be for a sales person to “do [favors] with genuine altruism and a desire to help others”, but agree very much with its premise.

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Mike Troiano July 16, 2010 at 5:18 pm

Nice to have you, Lee. Welcome.

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Mike Troiano July 16, 2010 at 5:21 pm

Fine line between skepticism and cynicism, ZR. My point is that if you set out to help people, you're likely to sell something. If you set out just to sell something, you're unlikely to help anyone, including yourself.

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Mike Troiano July 16, 2010 at 5:22 pm

Well said.

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Mike Troiano July 16, 2010 at 5:22 pm

Amen, Scott! It's a noble profession, thanks for stopping by.

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Mike Troiano July 16, 2010 at 5:35 pm

Thanks, Gary.

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Mike Troiano July 16, 2010 at 5:36 pm

Thanks, Marty. I learned some of this from you, I must admit.

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Mike Troiano July 16, 2010 at 5:37 pm
Mark W July 16, 2010 at 5:44 pm

Truth

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Marty Glover July 16, 2010 at 6:03 pm

I seem to recall we figured some of it out together! :)

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Graham Nelson July 20, 2010 at 1:36 pm

Good stuff, Mike. Your thoughts are especially relevant to those looking for jobs in this tough economy. It's amazing to me how little preparation some job candidates do to get ready for an interview. Considering how much information is available — and how easy it is to do a little digging — you'd think that every candidate would make it their main objective to demonstrate that they understand The Problem.

If it's okay with you, I may cite this post to those who underwhelm in a job interview. After all, second place is a set of steak knives. And third place is your fired.

A B C. Always be closing. Or hit the bricks.

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Mike Troiano July 20, 2010 at 2:28 pm

My experience has been similar, Graham. I find myself asking prospective account people, “What do you know about me?” If the answer is nothing, meaning they didn't take 5 minutes to Google an agency principal before meeting with him… buh-bye.

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Pablo Edwards July 26, 2010 at 7:12 pm

Great article. You rarely think about the marketing guy who can sell anything. What an incredible combination of talents you have combined. Wake up call for this guy!

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Mike Troiano July 26, 2010 at 8:37 pm

Thanks, Pablo. Early rejection has its advantages ;)

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