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Addressing the Canny Investor

Sell Feelings Not Facts

I’ve been hearing for years that a successful business needs to have a USP (unique sales point). The problem is that most businesses find difficulty in identifying what their USP is. And even if they have a USP, eventually they find their competitors doing the same thing.

So instead of losing sleep wondering what your USP could be, far better to think about what your ESP (emotional sales point), could be.

Your ESP is about how your customers feel when they deal with you. How they feel when they use your product or service.

A USP could be - “We have a 24 hour delivery service” The ESP would be - “You’ll be enjoying our product the day after ordering it”

A USP - “Our prices are very competitive” The ESP - “You’ll feel you’ve received value for money if you buy this”

As all good sales people know, we don’t sell a feature (USP) we sell a benefit (ESP).

Customers don’t buy Nike clothing because there made from quality materials, they buy Nike because they want to feel like Tiger Woods on the Golf course or Andre Aggasi on the tennis court.

They don’t buy Microsoft products because of all the research they’ve done, they buy them because they feel good about them.

Start to think what your ESP is. What does your product or service do that makes your customers feel secure, comfortable, acceptable to others, admired, stylish, wealthy, important, happy, relaxed or sexy.

For those of you selling engineering or technical products and think this isn’t for you - think again.

Some years ago I worked as a Sales Engineer for Loctite industrial adhesives. On several occasions I proved to engineers through numerous tests, how my product could save time and money over the assembly methods they were using.

Many engineers agreed with all the test results however they often rejected the product on the basis that it didn’t FEEL right for them. I realised then that I needed an ESP to overcome this resistance.

So there you have it - always remember that a customer will make an emotional decision before a logical one, whatever they’re buying - so what’s your ESP?

Discover how you can generate more business without having to cold call! Alan Fairweather -”The Motivation Doctor” - is the author of “How to get More Sales Without Selling” To receive your free newsletter and free ebooks, visit: www.howtogetmoresales.com

Payment Processing Basics

© 2004, John Calder http://www.TheEzine.net

If you want to sell your own products online, you will need to
choose a means for your customers to pay you. Otherwise, you
won’t be in business very long! If you have regular office hours
and employees, or want to hire a service, you can offer to let
your customers phone in their orders and/or credit card number.

But most marketers want total automation of their ordering and
payment process. They understand that without automation, they
can’t have the time freedom that the Internet marketing
lifestyle can bring. And many of today’s Internet shoppers are
used to ordering online, without having to phone anyone. They
expect to be able to add their items to a shopping cart, then
complete the checkout process smoothly. If you don’t offer that
to them, they may choose to shop at another site that does.

For automated payment systems, there are just two basic choices.
You can either get your own merchant account and do all the
payment processing from your site, or you can choose a
third-party processing service. It really is that simple -
everything else is detail. Of course, the devil’s in the
details, so let’s take a look at each.

For high volume or high dollar sales, having a merchant account
is almost always the best option. There’s a certain break even
cost point where it makes sense to pay the monthly fees and
processing charges of a standard merchant account. Not so long
ago, it was difficult for online merchants to even get an
account, because of the extra risk associated with Internet
payment processing. And when you could find a bank willing to
offer you an Internet merchant account, the monthly fees were
much higher than for standard accounts, enough to make them out
of the financial reach of many small businesses.

Today, it’s relatively easy to get approval for an Internet
merchant account. In fact, it’s a very competitive field in the
search engines, and search results are often filled with a
mixture of legitimate offers, spammy sites, ripoffs, and
outright fraud. So if you choose to go this route, be very
careful in giving out any of your financial information. Try to
get referrals from fellow marketers if you can, and investigate
any companies and their offers thoroughly. One caution on having
your own merchant account - if you get too many consumer
chargebacks, your account could be canceled, and you may find it
difficult to get another one.

If you want to process your own payments, you will need to hook
your shopping cart software up to a payment gateway and
authorization processor. Unless you’re using an all-in-one
service, or are very familiar with web site technology, you will
likely need to hire technical assistance for this.

As an alternative, even for some merchants with larger volumes,
there are third party services who will process credit card and
e-check payments for you. These firms typically charge a much
higher percentage of the sale, plus a per-transaction charge,
for their service. However, for beginning marketers, it often
makes sense to process payments through one of these firms. They
are especially good during a testing and business-building
phase, when sales volumes and product longevity are unknown.

Some firms, such as Clickbank, process payments only for
products that are delivered digitally. Others process for only
physically shipped goods, and others not only process payments
for both, but offer recurring subscription payment processing as
well. The most well known of these firms is Paypal, which is
owned by, and heavily linked to, eBay. You can also consider
2CheckOut.com, Propay.com, Ibill.com, CCNow.com, and
Payloadz.com, depending on your product.

Sales 101: Handling The Angry Customer

I am often reminded of the following true story whenever I encounter a hostile customer or prospect, witness a scene where someone is losing their cool or observe someone getting chewed out for something that they may or may not have done.

No one enjoys being yelled out, cursed at, bullied or manhandled in any form, whether physically or verbally. It does however, happen at times. What options do you have to diffuse the situation? Can you separate yourself from the abusive behavior being directed at you before you lose your cool and strike back? How can you keep your emotions in check so that you might still accomplish your task?

Several years ago, my brother, Jim, a stellar salesman, was attempting to set an appointment with a longtime out-of-state customer. He was unable to reach the man after numerous attempts. He faxed him, he e-mailed him, he left messages, he even mailed him letters, but to no avail. The man would not respond. This went on for weeks. His account soon became delinquent. What now?

It appears that this customer, let’s call him Mr. Frank Jones of the Jones Company, was extremely angry about a situation involving a shipment of goods that did not arrive on time and had caused him great inconvenience and loss of revenue. Everyone at Jim’s company had attempted everything possible to satisfy the order in a timely manner, but eventually fell victim to considerations beyond their control. They had done everything possible, including regularly communicating with the customer at the time, but things simply did not work out properly.

Jim was concerned. He had known Mr. Jones for a number of years and the Jones Company was a long-term customer of considerable value to his firm. Jim weighed his options and decided that the only thing left to do was to get in his car, make the three hour trip and show up on Mr. Jones’ doorstep at 8:00am on the following Monday morning.

Jim pulled up to the parking lot of the Jones Company at 7:50am the following Monday morning, and found Mr. Jones’ Mercedes in his regular parking place. He took a deep breath, prayed for a moment and proceeded out the door for the inevitable confrontation with Mr. Jones. Noticing him entering, Sue, the receptionist, promptly got out of her chair to meet him. Jim greeted her and asked to see Mr. Jones. “Ah… he’s not in today Jim, you should really try to call him first.” Jim started to explain what Sue already knew, and without further dialog, both realized that each of them were fully aware of the situation.

Jim smiled at her, made mention of Mr. Jones’ car out front, excused himself and began the long walk down the hall to Mr. Jones office. He knocked and peered inside to be instantly recognized by Mr. Jones. He jumped up from behind his desk as my brother calmly stepped just inside his office. What occurred next was the worst blast of foul language, nasty expressions and crude threats ever made by a person. Mr. Jones continued to yell and curse at Jim referencing him, his company, his family, his friends and anyone else he can think of. Sue cringed from down the hall expecting a horrid exchange.

As it was, there was no exchange. Jim simply stood there, directly in front of Mr. Jones until the verbal assault had finally concluded. Jim never said a word during the entire fifteen minute episode. He simply allowed Mr. Jones to vent. It wasn’t easy, but he did it.

Mr. Jones wanted a confrontation. He wanted Jim to speak so that he could continue his assault, but there was no response, only eye contact. Jim waited until it appeared that Mr. Jones was regaining his composure and simply said, with a straight, genuine expression on his face:

“Okay Frank; Don’t sugar-coat it. Give it to me straight.”

Frank started to laugh, and then he howled jovially for some time. He approached Jim, put his arm around his shoulder and gestured towards the sofa for them to sit together. Jim left thirty minutes later with the relationship repaired and an order in hand.

Wow! How many of us could have handled it that way. Could you keep your composure while being assailed from all directions? How did Jim succeed? He simply did the following:

1. Jim took action and continued to act until a solution was reached.
2. He put his personal feelings aside, removing his emotions from the equation.
3. He allowed the customer to vent until he was finished, without interruption.
4. He knew that in reality, there was actually nothing personal in Mr. Jones assault.
5. Jim was committed to keeping Mr. Jones’ business

Remember this story and learn from my brother Jim when you encounter an irate person or angry customer. Be smart. Live to sell another day!

EzineArticles Expert Author Daniel Sitter

Daniel Sitter is the author of the popular, award-winning e-book, Learning For Profit. Designed for busy people, this new book teaches simple, step-by-step accelerated learning skills, demonstrating exactly how to learn anything faster than ever before. Learning For Profit is currently available from the author’s web site http://www.learningforprofit.com/ and a variety of online software and book merchants. Mr. Sitter is a contributing writer for several online and traditional publications. His expertise includes sales, marketing, self-improvement and general business topics.

101 Free Sales Tips For Business Professionals And Entrepreneurs

This article condenses all sales tips and selling advice in the history of sales tips in short, concise statements. 101 in total:

1. Always Be Closing (ABC)
2. Persistence pays
3. Always ask for business referrals
4. Always carry business cards
5. Take a new sales course
6. Read a new sales book
7. Subscribe to a sales ezine
8. Make 10 cold calls a day
9. Learn a new sales closing technique
10. Don’t overexert yourself
11. Read Selling Power Magazine
12. Practice you sales pitches
13. Learn from your sales manager
14. Read Selling Power Magazine
15. Know what your competition is doing
16. Attend business networking functions
17. Join online business networking sites like Ryze or LinkedIn
18. Take advantage of any free advertising
19. Ask family and friends to make business introductions
20. Do whatever it takes to motivate yourself
21. Post free classifieds online
22. Create a professional website and submit site to search engines
23. Read Jay Conrad Levinson’s Guerrilla Marketing series of books
24. Offer sales tips and advice to fellow salespeople and ask them to reciprocate
25. Look for fresh sales leads
26. Create a Trade-Pals.com profile
27. Submit articles about your business niche to ezinearticles.com
28. Role-play your sales closing techniques with colleagues
29. Take notes at sales meetings
30. Create an infomercial
31. Present ideas with conviction
32. Write thank-you letters to clients
33. Sex sells
34. Be in the right state of mind to achieve success
35. Make it your goal to exceed your quota each month
36. Write your personal goals on paper
37. Create a professional blog
38. Make it your goal to set at least one new appointment each day
39. Don’t forget customer service
40. Have an “elevator pitch”
41. Smile
42. Have empathy
43. Upsell your existing clients
44. Learn when to move on
45. Hire a telemarketing firm
46. Have a sales forecast
47. Visit industry trade shows
48. Take your clients golfing
49. Increase your sales closing ratio
50. Learn from the best
51. Ask for the order
52. Make a good first impression
53. Dress for success
54. Buy a great business suit
55. Write a press release
56. Seek local media coverage
57. Have a good attitude
58. Be better than your competition
59. Know your product or service inside-out
60. Buy a yellow pages ad
61. Buy targeted sales lists from infoUSA
62. Make sure your cellular phone is always on
63. Build lasting business relationships
64. Attend sales training seminars
65. Ensure you have proper certification to be considered an expert
66. Give your prospects choices
67. Know hot to handle customer complaints
68. Give you customers “value”
69. Have a sales mentor
70. Be a cold calling pro
71. Be a marketing pro
78. Join a Toastmasters group to practice your public speaking
79. Ask for testimonials
80. Carry a portfolio of past accomplishments
81. Have a business coach
82. Learn how to use current technology
83. Buy an organizer
84. Practice good time-management
85. Always present your sales pitch to the decision maker
86. Sell benefits, not features
87. Learn from successful entrepreneurs
88. Differentiate your product
89. Get more face-to-face time
90. Learn to listen
91. Offer a one-hundred percent guarantee
92. Turn negatives into positives
93. Interview your customers and ask for feedback
94. Don’t be afraid of change
95. Respect the gatekeeper
96. Know when no means no
97. Research your prospects
98. Learn how to deal with stress
99. Submit your service to business directories
100. Start each day off right
101. Enjoy you sales job

Tino Buntic created his website, TradePals to provide free sales leads to salespeople, business professionals, and entrepreneurs such as insurance brokers, realtors, accountants, sales & marketing professionals, mortgage brokers, website designers, engineers, architects, bookkeepers, personal assistants, office furniture salespeople, event planners, writers, financial advisors, auto sales reps, general contractors, landscapers, interior designers, sales consultants, motivational speakers, cleaners, and more.

Tino Buntic - EzineArticles Expert Author

12 Sales-Boosting Strategies

The competition is fierce and ad budgets are tighter than ever. If you’re looking to
boost profits and gain market share, there are some things you can do to gain a
bigger piece of the pie.

Give your product a distinct personality

OfficeMax’s Rubber-Band Guy is an instantly identifiable, highly memorable
character that has boosted sales and brand recognition. It personifies the brand
while selling the message that whatever customers need they can get at OfficeMax.

Offer them an interesting history lesson

Some of the most common products we use today have the most interesting
development histories. Hippocrates, the father of modern medicine, left historical
records of a powder made from the bark and leaves of the willow tree to help heal
headaches, pains and fevers. By 1829, scientists discovered that the salicin in willow
plants was the key ingredient in aspirin, which was later repackaged and marketed
by Bayer.

Sing your product’s praises

Create a memorable catchy song, poem or jingle that that hooks in people’s minds.
Gillette sold millions of razor blades using “The Best a Man Can Get,” which
continues to stick in consumers’ heads, leaving a positive impression about the
product’s unbeatable performance.

Re-package your product for the customer

Create new convenience packaging that makes your product easier to buy, use or
refill. Motor oil used to be sold in cans that required a punch-in can opener or
separate punch-through spout. These were messy and troublesome to use. Now
oil is sold in twist-open, easy-pour plastic bottles.

Let consumables take the lead

Drop the price of your product, then promote and sell its consumables. Computer
printers can be bought for as little as $20, yet the ink cartridges sell for $29 apiece.
So don’t worry about making a big profit on devices, let your consumables take the
lead.

Use viral marketing

Viral marketing is any word-of-mouth or “tell a friend” mechanism that induces
users to re-convey a marketing message to other sites or users. Leveraged by the
power of the web and email, viral techniques can create exponential growth in your
product’s visibility.

Customize your product

Try to give customers exactly what they want by creating apparently customized
versions of your product. Consider the success of Cycle 1, 2, 3, 4 Pet Foods, or
Burger King’s “Have it Your Way.”

Go high tech

Exploit the latest technological advancements in media to underscore your message.
For example, explore the use of audio chips in magazines, brochures or mailers.
The novelty of these devices gets people talking, and there’s that “V” word again
(viral marketing).

Promote product sharing

This can be done by showing how your product brings friends and family together.
An emotional appeal like this can be very memorable. A good example is Almond
Joy’s, “you can share half and still have a whole.” Another is the ubiquitous Friends-
and-Family discount, which abounds in everything from cell phones to vacation
packages.

Show your product being used by experts

If possible, establish your product as the one used by recognized experts in the
field. A case in point is Canon’s use of photojournalists to endorse its 35mm
cameras.

Make your product sui generis

Establish the fact that your product is generically in a class by itself. Consider
Porsche’s use of the line “there is no substitute.” Or products that have become
household words: “blow your nose with a Kleenex,” or “make me a Xerox copy.”

Think outside the demographic box

Attract a new category of customers by thinking outside the box. Consider gaining
younger or older buyers by expanding the utility and style of your product, e.g., cell
phones for ‘tweens, or health bars for seniors.

About the Author

Alex Kecskes is a former ad agency Copy Chief who has created effective copy and
concepts for a wide range of ad agencies and Fortune 500 companies. As owner of
ak creativeworks, Alex provides strategic copy for brochures, mailers, multimedia,
radio, newsletters, PR and web content. He has published articles in a variety of
publications about health issues affecting both men and women, as well as topics in
business and technology. His creative work has been acknowledged nationally in
Andy, Belding and One Show competitions.
For more information and samples, please visit
http://www.akcreativeworks.com

Increase Your Influence, Increase Your Sales

Selling is everyone’s lifeblood whether they realize it or not.
We all sell in the sense that we attempt to convince others to
go our way. That is the way that we want something to go whether
we are convincing our children, our coworkers, bosses, spouses,
clients or customers.

There is a style of convincing others, influencing or “selling”
for everyone. Understand we are using the term “selling” here
very loosely. I bet many of you are saying, “I don’t sell
people. I hate that!” Although this may sound like it’s about
sales, it really isn’t. You’ll understand shortly but indulge me
for a minute. There are several types of popular styles of
selling: relationship selling, non-manipulative selling,
pressure selling, what’s-important-about-that-to-you selling.
Whatever approach and philosophy that works for you is fine.
Actually, we’re not trying to change your personal style of
selling. But if we can give you additional insight to
influencing others regardless of who they are, would that be
helpful? “Yes.”

Let me ask you, when you really connect with someone, isn’t that
a wonderful experience? When this happens, you connect with them
and feel closer in a shorter period of time then with someone
else you may have known for years. What happens here? You click,
connect, have great rapport, and there may even be chemistry
between you. You know you are being heard and listened too. Wow,
isn’t that wonderful when it happens! Wouldn’t it be great if we
could increase our opportunities to connect with each other in
general? It can be done.

There is a universal unspoken language based on observable
behavior. What that means is, we can see the behavior just by
watching others. We look for tone of voice, pace, body language
and words used. These are the clues that help us to identify how
to communicate better with that person.

Research has shown that behavioral characteristics can be
grouped together into four quadrants or styles. People with
similar styles tend to exhibit specific types of behavior common
to that style. A person’s behavior is a reflection of who they
are naturally. According to William A. Marston, “All people
exhibit all four behavioral factors in varying degrees of
intensity.”

This model categorizes how we act. Nothing more. It is simply
used as a tool for more effective communications between people.
Sound good? You bet.

In all the cultures studied, the model has been found to be
valid. All cultures have people who are outgoing, expressive and
animated. All cultures have people who are more cool, aloof,
introverted and analytical. Ask yourself, is this person
people-oriented or task-oriented? Are they an introvert or an
extrovert? Because you can learn to see the answers, it is
observable. It is a universal language because it has no
cultural boundaries. Are you intrigued? You’re probably saying,
that’s all great but how does this apply to me getting my way?
Oh, we are so self-centered at times. When you are getting your
way, I trust it is for the benefit of all who are affected by
the decision. Because what we are talking about is not for
self-centeredness, manipulation or control.

Any time we have greater understanding of ourselves, it provides
us opportunities to make the best of an interpersonal
communication process. That insight provides a solid foundation
from which to move forward. If we know we have a particular
habit that may interfere with the communication process; we can
work on improving how we communicate. For example, if we know we
are not the best listeners in the world, we can work to improve
our listening skills. If we tend to come on too strong for some
people, we may choose to tame it down in those situations. When
you know yourself, you have the choice to modify your own
behavior so the other person can be ready to hear what you are
saying. Let me repeat that, this is a very important point,
“When you know yourself, you have the choice to modify your own
behavior so the other person can be ready to hear what you are
saying.”

Again this is not about manipulation or controlling others; it
is taking control of ourselves! It is about you having a true
desire to be the best communicator you can possibly be. The goal
is to communicate on a level so the family member, coworker or
customer can relate to what you say. When we communicate in a
manner that is appealing and open, the person is more likely to
feel connected to us and understand and be open to what is being
said by you. The results are better communications for
everyone’s benefit. Not only will it improve sales; the benefits
will spill over into all areas of communications in our personal
and professional lives. Many of us need improved relationships
with our family, friends, and customers, do you? Just simply
having greater understanding of the communication styles is a
big step. We know we really can’t change others, only ourselves.

Some of the benefits of learning this universal language are
gaining commitment and cooperation, building more effective
sales teams, resolving and preventing conflicts, gaining
endorsement, increasing sales, better time management and having
better family interaction. W.W. Tornow & M. London says, “Self
assessment can motivate change. Fear of self-knowledge can
prevent it. However, feedback results that are verifiable,
predictable, and controllable are difficult to deny. It is
important that the recipient be ready for feedbackthat is, be
able and willing to accept it and to do something with it that
will result in change.”

Now that you understand what we’re talking about, let’s look at
the four styles we have been referring to: DISC, D = Dominate, I
= Influencer, S = Steadiness, C = Compliance. In simpler terms,
it addresses how we handle problem solving, how we influence
people, the pace in which we do things and our willingness or
possibly unwillingness to follow rules and procedures. A person
whose strongest style is a “D” is ambitious, forceful, decisive,
direct, independent and challenging. A strong “I” style is
expressive, enthusiastic, friendly, demonstrative, talkative and
stimulating. A strong “S” tends to be methodical, systematic,
reliable, steady, relaxed and modest. The strong “C” is
analytical, contemplative, conservative, exacting, careful and
deliberative. We all exhibit some of each of these four styles.
Most of us have one or two of these styles that are more
prominent then the others.

When a person is identified as a Dominate, one who likes to
solve problems, you can direct the sale in a way to help the
customer solve their problem of making a decision or a purchase.
Ask questions to provide insights and answers as to what they
want to accomplish with this purchase. The high D is a greater
risk taker. Show them something new and different. When
communicating with them be clear, concise and direct.

When someone is an Influencer, a people person, you’ll want to
allow time to build rapport with him or her. Don’t be afraid to
chitchat. Talk about things other then business to break the
ice. Too much detail and technical information will overwhelm
this person. Give details when they ask for it. Show them
unique, unusual and designer options. Be creative. Help them to
visualize and image how their friends will react when they see
it.

A Steadiness person is not one to make quick-on-the-spot
decisions. That is unless they have done considerable research
and shopping already and know exactly what they want. They hate
to be pressured and will not be pressured. They love stability
and harmony. They tend to be very loyal. They appreciate strong
relationships and relatively low risk situations. Assure them of
your guarantees and that it’s risk free. Inform them of your
return policies. When you have provided them with the knowledge
they want; they will want to go home and think it over. They
will come back. Know that 40% of the population falls into this
category.

The Compliance person is one who likes rules and regulations and
likes lots of information. They like details and more technical
types of presentations. Show them supportive materials that
provide back up and validation to what you’re saying. Pull out
the professional industry association brochures to show them
supporting statistics. Give them a brochure or a business card
with your name and phone number for them to refer to later.

These are just a few of the ideas that can be used when you
understand the four basic behavior styles. It is worth an
investment of time and resources to learn this easy universal
language. When you use it, it will increase your bottom line! A
simple questionnaire, and subsequent report will provide the
necessary insights to your behavior styles. With a little
training and practice you can learn to observe these styles in
others with 85% or more accuracy! The beauty is that it is
simple, easy and observable. And best of all, it is fun, will
increase your personal effectiveness and your “sales.” “Seeing
is believing” is true here.

Copyright 2005 Eln Albert