How to make a sales call

Today I was out making sales calls in my local industrial area where there are a lot of different rental companies. Idea being to get these rental / hire companies using rentoid.com to generate extra business. The timing is good, because we have a zero cost entry platform and times are tough in the B to B arena.

But the thing that really matters is how I’ve been making the sales calls. Firstly, these guys are B to B, trades focused guys. renting mainly industrial equipment. The last thing they want to some tech / web geek give them bullshit about how the internet is going to save them…. So here’s what I’ve done instead:

  1. I haven’t shaved for 3 days – got a good beard growing. I’m wearing jeans and boots with a fairly standard zip up jumper. When I walk in I look like a customer, in fact I look like they do. I’m less threatening and this is obvious with the positive greetings I’m receiving.
  2. When I drop in (remember it’s a cold call) I say, ‘You know I live around the corner, I drive past here everyday and I’ve been meaning to drop in for ages. You know I’ve got web business which is all about rental companies…..” And I do live close enough to use this line. It is genuine.
  3. The F Bomb – Yep, I’m dropping this one big time – for one simple reason – they are. I’ll use whatever language they use. If they like swearing, so do I. I’m matching their culture in dress and language.
  4. I know their business. I don’t walk in and say ‘So tell me about your business’ – I do my homework before I turn up. Granted I know enough about the rental industry now to adapt to different segments pretty quick. I know what matters to them and get the conversation into that area quickly.
  5. I don’t try and sell anything on the first call. We do have a free entry to rentoid – but we also sell integrated web technologies. But I don’t try to sell anything.  Just get them to like me in fact, I’m selling me. People buy things from people they like. Then they find a logical or business reason to justify their decision after they’ve already made it.
  6. I follow up with whatever I promise. Information, phone calls, data whatever they need. I try to show I’ll be a valuable resource.
  7. I get rejected too. It’s a numbers game, and each rejection is a lesson for honing my skills for the next call.

I’m learning heaps and I’m loving it.

Start up blog says – get out there and start selling.

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Communication segmentation

I call my mum on the land line or visit her

I call my dad on his mobile / cell phone

I tweet my webby / nerdy friends

I talk face to face with my rentoid team and make sure we are in close physical proximity

I write my ideas on twitter and this blog to people who follow my thoughts

I see my brother every Friday morning for breakfast

I visit my niece and nephews and SMS them often

I skype with friends overseas and work colleagues

I email people in business and meet face to face often

The point is different people have different communication preferences. Right now we’ve never had more options on how to communicate. But the important thing is choosing the right tool for the right person. People who tell me they’ve been messaging me on facebook for months with no reply should realise I don’t go there any more. And we ought do the same and realise where our people want to be contacted.

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How to get investors interested

While watching the BBC television show the Dragons Den, quite often the ‘Dragons’ laugh at a business concept they are presented with and think it is ridiculous.

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Here’s the one thing that makes them eat their words every time:

Sales figures. Revenue, Customers, Repeat orders.

It’s only then they change their view from ‘not interested‘, to ‘I’m listening‘.

If you ever want to get investors interested, go see them once you’ve got sales. When you have revenue coming in it puts the kibosh on negative opinions. In addition,  it increases value of your business and reduces the percentage you’d have to give away for a cash investment.

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Spoof advertising – Campbells

If you’re from Australia and older than 30 you’ll remember these old school macho advertisements from Solo ‘The thirst crusher’. They we’re the equivalent of ‘extreme sports’ in the 80’s which is pretty hilarious as is the solo man idea. If your not over 20 and from Australia; watch them and keep reading:

[youtube=http://www.youtube.com/watch?v=0aHNKziN-fE&feature=related]

[youtube=http://www.youtube.com/watch?v=_mJSOaO7cAU&feature=related]

And Campbells the soup company have recently aired a spoof version of the solo ads, which I’ll admit I’m a sucker for – in pure entertainment terms, I love it. A great version which has a reasonable link to their product – a retro can of chunky food.

Only problem, is that advertising isn’t film making, and I’m not rushing out to buy crappy canned food any time soon. Sorry Campbells, nice try, but no increase in sales is coming your way, even if some kind of advertising award does.

[youtube=http://www.youtube.com/watch?v=dLIIKrJ6nnI]

Startups out there – when advertising be original, it’s about selling, not comedy.

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Tough times

In tough times, operating in a non revenue generating business gets difficult. All your business may even dry up.

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It doesn’t mean these activites aren’t important, it’s more a reflection of human behaviour. Unless the link of the activity to the transaction is clear – it will get pulled. This is true for consulting, marketing budgets or even your job.  So the question we then must ask is this – how close are we to where money changes hands? Are we close to the transaction or in the backroom somewhere?

The further say we are from the money – the greater redundency exposure we have, in business and employment. Closeness to money is why many real estate agents who are often intellectual dodo’s still make big dollars. I’m sure you can think other examples too.

If you want to be an indispensable business partner in tough times, make sure you are close to the money.

Steve – founder rentoid.com