Author Archives: Mr Inside Sales

Apps for Recording Your Phone Calls

Years ago, Stan Billue – the top inside sales trainer at the time – made a claim that every sales rep could double their income in 90 days by doing one thing. Intrigued (and highly skeptical), I listened to what he said next, and then challenged myself to do it. His advice was:

Record and listen to your calls, every day, for 90 days.

So I did. And 90 days later, I had indeed doubled my sales, and my commission. I was sold on the technique, and have since made it the cornerstone of my training and consulting practice. Why? Because it works! Nothing will make you more aware of all the areas you need improvement in (or of exactly how to improve), more than listening to yourself in action with a prospect.

With many people using cell phones these days for at least a portion of the calls they make, I get many requests of the best way to record calls using a cell phone. I was reading The Week magazine the other day, and they listed the following “Best apps” for cell phone recording. I thought you’d want to know about them:

Automatic Call Recorder Pro really is “automatic. The app records either every call or those from specific contacts. “You simply set it and forget it while it records your calls in the background.” ($7 Android only)

TapeACall Pro is a recording app that provides “just about every feature you could want,” including savable MP3 files. The setup for each call takes a moment, and the app costs $10, plus $8 a year for unlimited recording. “But if you do a lot of recording, it’s well worth it.”

Call Recording by NoNotes is a free app that offers most standard features plus built-in voice transcription, making it handy for recording interviews.

Call Record might annoy you with its ads, but for a free app, it’s “about as good as you’re going to get,” and can record every call automatically. As with all recording apps, be alert to state laws restricting recording.

Source: Gizmomo.com

What Stan said all those years ago is still true today: If you want to double your income in 90 days, then make a commitment to recording and reviewing your calls every day. And now, with these apps, you no longer have any excuse not to.

Why You’re Wrong about Phone Scripts

Next week, I’ll be presenting two breakout sessions at the Microsoft sponsored AA-ISP’s Leadership Summit in Chicago. If you’re going to that event, make sure and email me so we can meet during the conference: Info@MrInsideSales.com

You can read more about the event here.

I’m going to be presenting both sessions centered on the importance of having and using best practice scripts (one B2B and one B2C session). What I find interesting is the mixed reaction I still get when I speak to some sales leaders about the use of scripts.

Some obviously get the importance of having a standardized, best practice approach set of scripts to train and measure their reps against, while some others don’t think their reps should use a script. They think they’ll sound too much like a telemarketer or that their sale is too “consultative” for them to follow a script.

Here’s what I tell them: First, all your reps are already using a script. If you don’t believe me, then just record them for a week, transcribe what they’re saying, and then what will you have? You’ll have a script of what they say, day in and day out!

But, I tell them, you’ll also have ten or fifteen different versions of what should be a best practice “story” you’re telling about your company, product, and service. This is because most sales reps are winging it and ad-libbing their way through their sales presentations.

And that is why they are struggling and not consistently making their revenue numbers.

The solution to this is straight forward: Take the message your top producers are delivering, combine that with a standardized “best practice” approach, script it out, and then have your team use that scripting until they have internalized it and are consistently delivering your best messaging.

Once I explain it that way, they suddenly realize what I mean when I tell them they are all wrong about phone scripts.

In fact, when you have and follow a scripted approach, you will be:

More confident during your pitch
You’ll be able to listen because you won’t be thinking up what you should say next
You’ll be able to qualify your leads to identify real buyers
Your presentations will run smoother because you’ll be engaging your prospects
Objections will be easier to deal with and overcome
You’ll make more sales and actually look forward to coming to work!

And many, many other benefits.

Bottom line: I’ve been training inside sales reps for over 30 years, and I know what works and what doesn’t. Scripts work – ad-libbing doesn’t. It’s that simple.

If you would like to know more, then book a flight to Chicago and join me next week. It would be good to see you!

How to Deal with the Price Objection (Webinar)

Even though the price objection is nearly as old as time itself, sales people still struggle to overcome it. Think about it: in the markets of ancient Egypt, a shopper at a stall objected to a vendor selling something, and their objection was that it cost too much! With centuries of experience at getting this objection, you’d think we, as sales professionals, would be better at handling it.

The good news is that there are some proven strategies and techniques that will help you deal with and overcome this age old objection.

Sign up for Mike Brooks’ new Webinar “How to Overcome the Price Objection” this Thursday, April 27th, at 1pm EST/10am PST Sign Up Here

But let’s start at the beginning. First, if you are getting this objection at the end of your presentation, then you haven’t done a thorough enough job of qualifying for it in the beginning of your sales cycle. You should never be ambushed by, “It costs too much” when you ask for the sale. To avoid that, use any of the following wording during your qualifying stage:

“And just to let you know, the range of participation is anywhere from $5,000 for our introductory service, up to $25,000 for the full suite of services. Where would you fit, again, if you like what you see?”

If your prospect comes right out and asks you for the price, respond with:

“The good news is that this service is only $250 to get set up, and then just $199 per month on a no obligation, month to month basis. Is that something that would work for you if you liked what you see?”

So that is on the front end. At the close of your presentation, if you get the price objection, you can use a variety of closes, including my favorite:

“{Prospect’s name}, let’s put price aside for a moment. Assuming this were something you could afford (or were more within your budget), does this solution look like something you would choose?”

As you can see, the key to qualifying for and handling the price objection is in being prepared with good scripts.

To help you get even more prepared to handle this objection, join Mike for a full webinar where he will give you even more proven word-for-word responses to help you successfully overcome this objection.

In this proven webinar, you’ll learn:

1) How Top Producers across all industries handle this objection
2) Why your best option is to NOT answer it at all!
3) The proven technique of what to say – and three examples of how to say it
4) How you can use this technique to deal effectively with other objections as well
5) An email script to use when prospects aren’t responding to you any more

If you want to stop struggling with the price objection…

Then Register Now for Mike Brooks, Mr. Inside Sales: “How to Overcome the Price Objection”. You’ll be glad you did!

Preview of My New Book: Power Phone Scripts

Great news everyone: Wiley, a publishing house out of New York City, has picked up the domestic and international rights to my new book: Power Phone Scripts: 500 Word-for-Word Questions, Phrases, and Conversations to Open and Close More Sales!!

The release date is July 11th, 2017. When you get back to the office after the July 4th holiday, be on the lookout for it. I consider this my best sales book ever!

Power Phone Scripts is packed with everything I’ve learned in over 30 years in the inside sales industry, and anyone who reads it will have everything they need to be a top producer in their industry.

Here is a sneak preview of a couple of scripted approaches to handle the “I’ve already got a relationship with someone for that” objection:

Existing relationship close—#1:

“I totally know how that is, and I’m not here to come between you and that relationship. But hey, everything changes, as you know, and if something should change between how you are doing things now, it’s always good to have done your research in advance so you are not scrambling later…

“Why don’t we at least get together briefly, and I will give you some solid options in case you ever need them …” (Set the appointment)

Existing relationship close—#2:

“I understand and you know , every now and then initiatives change. Sometimes you might need a lower price, or more variety of product, or who knows. The point is that it’s always good to know what your options are.

“How about this: it doesn’t cost anything to at least compare what else is out there these days, and who knows, if things change with you at least you will know who to call to ask questions. Let’s do this …”

As always, adjust these two scripts to fit your personality, your product or service. And then practice with them until you deliver them perfectly!

And mark your calendars and be on the lookout for my new book on July 11th: Power Phone Scripts: 500 Word-for-Word Questions, Phrases, and Conversations to Open and Close More Sales!!

Managing Millennials

Sales management has always been a balancing act between supporting people to achieve more, and pushing them to go beyond what they think they are capable of. In today’s environment of motivating, encouraging and driving performance from the “so-called” millennial generation, there is even more to balance.

Today’s millennials are an interesting blend of being super smart, intuitive, and demanding. Many feel they deserve more than they have perhaps earned yet – more money, a promotion, or even part ownership of the company after 6 months. You know, just like many of us did!

The bottom line is that in many ways millennials are not all that different than the way any other generations were, they are just more vocal about it. And good for them. I’m all for promoting, encouraging, and having people on my staff who feel they can do more.

When it comes to managing this part of the work force, some interesting challenges emerge. Some managers try to fit in with the millennial group (or are even millennials themselves), and they try to lead by getting others to like them. Managers who do this frequently lose their ability to direct their teams because they are afraid of exercising authority for fear of alienating their team members.

The problem is that most managers and other figures of authority — Directors, V.P.’s, and even Business Owners — have never been taught how to properly exercise authority and command respect as leaders.

If you find yourself in this position, follow this proven, 5-step method for exercising authority. It will not only get results, but it will establish, or re-establish, your role as leader of your sales team or department – regardless of their generation.

#1) Make sure your instructions are clear. Having ambiguous goals, or methods of achieving them, automatically undermines your authority and dooms many projects from the beginning. Rule #1 — be clear on the goal and the instructions on how to accomplish it. After you have delivered them, ask your team if they have any questions about what is required, so problems can be cleared up from the beginning.

#2) Encourage people to approach you if they run into problems. Establishing open communication and feedback early on is crucial to avoid big disappointments later. Helping team members resolve problems as they arise ensures quick resolution, continued progress, and good morale.

#3) Take action quickly when you learn of any real problems. Failing to act quickly once you learn of a problem, or putting it off for days or weeks, not only undermines your authority, but also kills morale and confidence. Problems tend to get bigger the longer they go unresolved, and your job as a leader is to solve problems not avoid them.

#4) Insist your team report all the news — good and bad. So many companies treat bad news like the plague. Sales teams are taught to “always be positive,” but an attitude of “always be accurate and let’s find a way to succeed,” is more productive (and realistic). In meetings and one-on-ones, your goal should be to motivate as well as problem solve. Always encourage your team to report all the news.

#5) Use crises as an opportunity to develop people. You are a leader for a reason! Rather than shy away from a crisis (a big deal lost, unexpected bad news, major delay in delivery, etc.), teach your team members how to find opportunity in crises and how to grow as professionals and as people. Focus on the skills or attitudes that are needed to overcome the situation, and work with them to develop and strengthen them.

This 5-step method to exercising authority is powerful and will establish you as a leader and as the “Go To” person in your company. And isn’t that why you are in a position of authority to begin with? Redefine your position of leadership by using and expanding on the 5 secrets above, and involve and build your team while you lead them to greater heights.

How to Handle: I looked it over and not interested

Don’t you hate it when you get back to your prospect, you’re ready to give a great pitch, you need the sale, and…and….they tell you they looked it over and they’re not interested!

Wait a minute! You want to scream. Just give me a chance….

Believe it or not, there is a way to deal with this. And it’s the same way to deal with every other recurring sales situations you get: Be prepared with a solid script – or two or three.

The secret to getting past this objection/resistance statement is to not only be prepared for it, but more importantly, to be prepared to overcome it two or three times. Sometimes it takes that kind of perseverance to get into your pitch and get the sale.

So here are three proven scripts you can use the next time your prospect tells you “I looked it over and I’m not interested…

Response #1:

“I understand, and that’s perfectly OK. At first a lot of people I speak with don’t fully understand all the ins and outs of this and that’s why I’m here. Before you make a decision though, let’s do this. I’ll take just a few minutes to explain how this might help you, and if, after you understand it, you still think it’s not for you, we’ll part friends. Do you have that information handy?”

Response #2:

“I didn’t expect you to be interested; heck, our marketing department hasn’t yet figured out a way to get our prospects to call us back – and that’s why they hired me!

But seriously, this (product/service/investment) has some great features that aren’t readily available in the (demo/material/information) I sent you, and it’ll only take a couple of minutes to find out if they would be a fit or benefit for you.

Tell you what, do yourself a favor and spend a few minutes with me to find out how and if this would be right for you. Grab the information/quote/brochure and let me cover a few things – do you have it handy?

Response #3:

“I understand, and believe me, I get that a lot. In fact some of my best clients said that at the beginning as well. But I’m sure you’d agree that any decision you make, whether it’s a yes or a no – and I can take either one – is best made once you understand all the facts, isn’t that right?

Well ________ I’m here to help you learn those, so do yourself a favor and grab that information, and let’s briefly go over it. If at the end it’s not for you we’ll part friends. Do you have it handy?”

Now, take some time and reword them slightly to fit your personality, your product or service. Then get in the habit of using them over and over again. What you’ll find is that more and more prospects will actually let you pitch them, and some of those will buy!

If you found this article helpful, then you’ll love my Completely Updated and Revised eBook, “The Complete Book of Phone Scripts.” Now over 200 powerful and effective scripts to help you easily get past the gatekeeper, set appointments, overcome objections and close more money!

Visit: http://mrinsidesales.com/completescripts.htm and find out why Jeffrey Gitomer, Brian Tracy, Tom Hopkins and many others recommend Mike’s ebook of Phone Scripts!

 

Why the ‘will to win’ isn’t enough…

“It’s not the will to win that matters – everyone has that. It’s the will to prepare to win that matters.”  –Paul “Bear” Bryant, football coach

It took a long time for me, as a struggling sales rep, to understand the difference in attitude and action this quote speaks to. But once I did, my sales results (and my life) changed.

I used to be an inside sales rep, a financial broker selling LLC partnerships, in a company with 25 other reps. The company had the top 20% reps doing 80% of the sales. I wasn’t in that group, rather, I was bringing up the rear. Sales were hard to get, and as a result, my life as a sales rep was hard as well.

I wanted to do better; I had the will to win, but what I lacked was the will to prepare to win. I was one of the reps who came in right before my shift began, and I went for the coffee and donuts first. I hung around there talking about the latest sports scores with the other bottom producers. I couldn’t wait for lunch time, and by Friday, I didn’t work too hard.

After a series of events, I finally got sick and tired of being sick and tired, so I made a commitment to give my profession as a broker all I could. I decided to do what was necessary for me to move into the top 20% of the producers at the company. And that’s when I learned what the ‘will to prepare to win’ meant.

To start with, I started showing up an hour before work began, and I headed straight to my desk to begin making calls. This began to pay off as some days I’d have a deal on the board before other reps headed for their coffee and donuts.

I spent my lunch hours listening to my calls and critiquing them. Yes, I was horrible in the beginning, but I was committed to finding ways to make them better. And I did.

At night before I went home, I took an extra half hour to lay out all my leads and call backs for the next day so I could hit the ground running when I got in. And then I’d listen to my calls in the car on the way home and make adjustments to the scripts during the evening.

Before I went to sleep, I focused my subconscious on closing the leads I had laid out, and I dreamt of ways to close them. I visualized how I would feel once I became a top closer, what I’d do with my first bonus check and how good that would feel as well.

After 90 days of doing this, I became the top producer in the company. Suddenly I knew the difference between the will to win and the will to prepare to win. I also found that I wasn’t alone. There with me in the mornings and in the evenings were the other top producers.

Today, I find that I can do just about anything if I’m willing to put in the time to prepare to win. You can too – if you’re willing to put in the time.

The question is, are you?

The Five Second Rule

Thoughts are things. As true as the law of gravity, this is one of the fundamental laws in the universe. Whatever you believe with feeling, you bring into your life.

And like gravity, you don’t have to believe in it for it to always be working in your life. Take gravity for example. If you were to step off a ten-story building, the law of gravity would take over and you would fall ten stories to the ground. Again, whether you believed in gravity or not.

And it is the same with the law of thought. Take your sales career, for example. Isn’t it true that what you think about your company, about the leads, about the market, and especially about your income is exactly how you find it to be in your life? Now you may say that you think about everything the way it is because, well, that’s the way it is at your job.

But what if it was that way because that’s the way you think about it?

My experience has been (and thousands of others I have worked with over the years), that when I decided to make more money, and was committed to putting in the time and effort required for me to achieve that goal, then I started thinking about things (and seeing them) entirely differently.

And as soon as I started thinking and believing differently, my results automatically changed to reflect my new way of thinking.

Suddenly the leads weren’t as bad as I thought they were; instead, I just worked them smarter and qualified better. Suddenly the market wasn’t the problem (there were still top producers outperforming all others in our company, after all), it actually was the way I had been closing. And once I visualized myself earning a higher income, I achieved it.

The key to my success and to using my thoughts to bring something new into my life, was to stay focused on the feeling of having already achieved it. The more I could consistently do this, the faster I manifested it in my life.

And that’s when I learned about the five second rule. I found that it was natural for me to fall back on my old thought patterns. But when I did, I gave myself five seconds to refocus on my new income goal. I kept returning, time and again, to my new goal and my new thoughts and feelings of having already achieved my goal.

By doing this, I was (and still am) able to bring new results into my life. And it’s because thoughts are things. Whatever you believe with feeling, you bring into your life.

If you want to change any result or circumstance in your life, then first decide how you want it to be different (get a specific goal), and then surround yourself with all the thoughts and feelings of what it will be like to achieve it. The moment you find yourself thinking of something negative or not in alignment with your goal, get back to that image within five seconds.

It will take some practice, but the more consistently you can change your thoughts, the sooner you will turn those thoughts into the things in your life.

We Can Do It!

Once you realize that you CAN do nearly anything anyone else is doing, and that you can succeed at a very high level doing it if you choose to make it a priority and decide to invest the time and effort to do so, your world of possibility opens up for you.

When I committed to becoming the number one sales producer in my company of 25 other sales reps, I achieved it in 90 days. Within 9 months, I was the number one producer out of five branch offices. And you CAN do it, too, if you choose to…

The exciting thing, though, is that a “can do” attitude is contagious. When you infect a whole team, a whole company, a whole family with a “can do” attitude, a lot of exciting things begin to happen. I always think of the impact one runner had on the world’s performance once he changed everyone’s attitude with his own accomplishment.

Many of you may have heard of Roger Bannister. He was the first man to run a mile in under four minutes. This may not seem so remarkable now, but before May 6th, 1954, it was an acknowledged and accepted fact that the human body was physically incapable of running a mile in under four minutes. Everyone knew it was impossible to even try. But Roger didn’t believe it.

He knew he could do it, and he was determined to keep trying until he did. He failed at the 1952 Olympics (he came in fourth), but he didn’t give up trying. A few years later, on an unlikely day and track (poor weather conditions, cold day and a wet track), Roger shattered the world record, and the world belief, as he flew down the last straight and finished the course with the incredible time of 3:59.4.

He had done the impossible and broke through the 4 minute mile.

As amazing as this was, what was even more amazing for the world of running was that just 46 days later, a runner named John Landy beat his time. And over the next few years, even more people broke through the four-minute mark. Suddenly, people realized that it could be done and they believed they, they did it as well.

The world is filled with stories like this, and in business, it is also true. I remember when our team of inside sales reps were given new customized scripts and offered a huge monthly bonus for the rep who used them to capture the most new clients. The previous record was seven in a month. Marty, an average rep before the new scripts and contest, rigorously adhered to them, worked hard, and by the end of the month, he hit 21 new clients! We were all floored.

But once that new record was set, we began believing that perhaps we could do it, too. And some of us did.

If you are a leader of a sales team, athletic team or head of a family or cause, start believing that you can. Then transfer that belief to your team. If you do, then soon you will amazed by what your team can and will accomplish.