{"id":10304,"date":"2023-11-24T18:29:29","date_gmt":"2023-11-24T18:29:29","guid":{"rendered":"https:\/\/dev.webhostlabs.net\/synergy\/?p=10304"},"modified":"2023-11-24T18:29:53","modified_gmt":"2023-11-24T18:29:53","slug":"sell-me-this-pen-part-2","status":"publish","type":"post","link":"https:\/\/dev.webhostlabs.net\/synergy\/2023\/11\/24\/sell-me-this-pen-part-2\/","title":{"rendered":"Sell me this Pen. Part 2"},"content":{"rendered":"<h1><strong>The Wolf of Wall Street in the Real Print World.\u00a0<\/strong>Part 2<\/h1>\n<p><a href=\"https:\/\/dpnlive.com\/index.php\/business-finance-and-jobs\/business-and-finance\/expert-advice\/2889-sell-me-this-pen-part-1\" target=\"_blank\" rel=\"alternate noopener\"><strong>Part 1 can be seen here<\/strong><\/a><\/p>\n<p><strong>3 videos can be seen in this article and 2 more can be seen at the bottom of the home page of this site<\/strong><\/p>\n<h4>Let\u2019s look at some simple sales frameworks.<\/h4>\n<ol>\n<li>Gather information. So how do you go about that?<br \/>\nYou want to understand what kind of person you are selling to. How will they will use your pen? If they are in management, they probably sign important documents.Listening to them will give you background and hints as to how to most effectively persuade them to buy your pen.<\/li>\n<li>Respond to the information by identifying their need for the pen and the fact that an unmemorable pen used on a memorable document could hamper thinking. What would happen if they didn\u2019t have a pen? You need to identify their pain.<\/li>\n<li>Deliver information on your pen. Show the importance of using your pen to their job position. Highlight the benefits of your pen, the fact that it has blue ink which distinguishes the original from a copy<\/li>\n<li>Hand back the pen telling them that they can keep the pen for a week and you will call back next Friday, at which stage they can place an order or give you back the pen.<\/li>\n<\/ol>\n<p>Another framework used is AIDA \u2013 Attention, Interest, Desire and Action. This is a simple process, which means that it is not definitive, it\u2019s a guide.<\/p>\n<ol>\n<li>You have to get your customer\u2019s attention. Without that you can\u2019t persuade them to buy. People\u2019s attention span is getting shorter. In 2000 it was 12 seconds and in 2013 it was 8 seconds. Compare that to the attention span of a goldfish at 9 seconds.Develop good openers, e.g. Have you ever \u2026Can you see \u2026Are you noticing \u2026<br \/>\nBad openers will only turn them off, e.g. I\u2019ve got the thing that you want \u2026I just dropped by \u2026I was wondering whether \u2026If you don\u2019t get their attention within the first 8 seconds, you won\u2019t be able to keep it, let alone win it back.<\/li>\n<li>You have to keep their attention by getting them interested. Get them talking about their problems and needs for your product. What would happen if they didn\u2019t have any problems identified. What about delivery, storage, quality, price, payment, aftercare, guarantee, etc.<\/li>\n<li>This step creates a desire for your product. The need is recognised, but not the desire for your product. Like keeping a fire going, you have to stoke desire to a good flame. You may want to use the scarcity principle, e.g. the offer won\u2019t be around for long. You may want to show how other buyers use the product and approve of it. Another one is to show them how well your product is suited to their needs.<\/li>\n<li>Now you have to sell. AFTO \u2013 ask for the order. You may have to negotiate, overcome objections or generally convince them to buy.<\/li>\n<\/ol>\n<h3>Some other sales methods are<\/h3>\n<ul>\n<li>ADAPT: \u00a0 \u00a0 \u00a0 Assessment, Discovery, Activation, Projection, Transition<\/li>\n<li>AIDA: \u00a0 \u00a0 \u00a0\u00a0\u00a0 Attention, Interest, Desire, Action<\/li>\n<li>ARC: \u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0 Ask, Recommend, Close and Cross-sell<\/li>\n<li>CHaR: \u00a0 \u00a0 \u00a0\u00a0 Confusion, Humour and Request.<\/li>\n<li>LAIR: \u00a0 \u00a0 \u00a0\u00a0\u00a0 Listen, Acknowledge, Identify objection, Reverse it<\/li>\n<li>LOCATE: \u00a0\u00a0 Listen, Observe, Combine, Ask, Talk, Empathize<\/li>\n<li>SELL: \u00a0 \u00a0\u00a0 \u00a0 Show, Explain, Lead to benefits, Let them talk<\/li>\n<li>SPIN: \u00a0 \u00a0 \u00a0\u00a0 Questions about Situation, Problem, Implication, Need-Payoff<\/li>\n<li>FAB: \u00a0 \u00a0 \u00a0 \u00a0 Features, Attributes (or Advantages), Benefits.<\/li>\n<li>QUAPMAC:Question, Unique, Ascending, Preclose, Match, Askback, Close<\/li>\n<li>NETPOSC: Number, Enquire, Total, Pre-close, Overcome, Satisfy or Stop, Close<\/li>\n<\/ul>\n<p>As part of some of the sales training courses I run, I focus on the psychology of selling, the use of body language, negotiation, etc. Some of my favourite processes include QUAPMAC, NETPOSC and SPIN.<\/p>\n<p>SPIN is a question asking process, derived by Huthwaite (which is the Q of QUAPMAC). You have to identify pain and you have to get them to realise that they have a problem. This may not be easy. Would using the machine you are selling help them to get more sales, produce new products, retain present customers, regain lost customers, have improved quality, be more price efficient, use less labour, etc. After you have identified a need that your customer agrees with you arrive at the need pay-off questions.<\/p>\n<p>QUAPMAC is like driving along a road with traffic lights at each junction. You can\u2019t go to the next junction until you get a green light and your role is to identify when you get it and you can\u2019t skip steps.<\/p>\n<table>\n<tbody>\n<tr>\n<td>\n<div class=\"avPlayerWrapper avVideo\">\n<div class=\"avPlayerContainer\">\n<div id=\"AVPlayerID_0_755d03b84dbdbfee701937ae524ddb53\" class=\"avPlayerBlock\"><iframe loading=\"lazy\" title=\"JoomlaWorks AllVideos Player\" src=\"https:\/\/www.youtube.com\/embed\/c12RmQn-lfs?rel=0&amp;fs=1&amp;wmode=transparent\" width=\"350\" height=\"270\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The Wolf of Wall Street says it is supply and demand. To an extent, that is true, but generally not.<\/p>\n<p>Jordon says that the real answer to \u2018sell me this pen\u2019 doesn\u2019t show in the film properly. He said,\u00a0<em>\u201cIt\u2019s sort of a trick question. Because when you say to a salesman, \u2018Sell me this pen,\u2019 you might find some will say to you, \u2018This is a great pen, this pen writes upside down. It defies gravity, this pen is the cheapest pen on earth, this pen will never run out.\u2019 They\u2019ll say all the reasons the pen is good, they\u2019ll start telling you the features, and the better ones will give you the benefits too. But that\u2019s not what the real answer is.<\/em><\/p>\n<table>\n<tbody>\n<tr>\n<td>\n<div class=\"avPlayerWrapper avVideo\">\n<div class=\"avPlayerContainer\">\n<div id=\"AVPlayerID_1_1bac359cfc39f4e66eda917cd4a9ce55\" class=\"avPlayerBlock\"><iframe loading=\"lazy\" title=\"JoomlaWorks AllVideos Player\" src=\"https:\/\/www.youtube.com\/embed\/dgCxt5gfaqw?rel=0&amp;fs=1&amp;wmode=transparent\" width=\"350\" height=\"270\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>\u201cThe real answer is, before I\u2019m even going to sell a pen to anybody, I need to know about the person, I want to know what their needs are, what kind of pens do they use, do they use a pen? How often do they use a pen? Do they like to use a pen formally, to sign things, or use it in their everyday life? The first idea is that when you say \u2018Sell me this pen,\u2019 I want to hear [the salesman] ask me a question. \u2018So tell me, how long have you been in the market for a pen?\u2019 I want them to turn it around on me and start asking me questions to identify my needs, what I\u2019m looking for. And if you do that, people don\u2019t know what to do. Next thing, he is answering, and now I\u2019m controlling the conversation, finding out exactly what he needs.<\/em><\/p>\n<p><em>\u201cOnce I have that, I say, \u2018You know, Bill, based on what you\u2019ve just said to me, the pen I have here is the perfect fit. Let me tell you what it\u2019s about\u2026\u2019 Then you can tell them about what you have, because you\u2019re filling a need. Most average or newbie salespeople think that they\u2019re supposed to sell you the pen, when a really seasoned salesperson will actually turn it into a qualifying session to find out what you need. That\u2019s the truth of it. It\u2019s like trying to sell someone a house and you don\u2019t know if they\u2019re in the market for a house, what kind of house they want, how many kids \u2013 so how can you sell someone a house? That\u2019s the point.\u201d<\/em><\/p>\n<table>\n<tbody>\n<tr>\n<td>\n<div class=\"avPlayerWrapper avVideo\">\n<div class=\"avPlayerContainer\">\n<div id=\"AVPlayerID_2_9cbd9a4b97b54ea60034c18779cec221\" class=\"avPlayerBlock\"><iframe loading=\"lazy\" title=\"JoomlaWorks AllVideos Player\" src=\"https:\/\/www.youtube.com\/embed\/7acnWVGw_mk?rel=0&amp;fs=1&amp;wmode=transparent\" width=\"350\" height=\"270\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>After spending 22 months of his 4 year sentence in jail, Jordan is now trying to pay off the $110.4 million fine he got by telling people how to sell and is on the speaking and seminar circuit as a motivational speaker. He has reportedly paid back $14 million so far. In addition, he has written two books and has accredited his cell mate, Tommy Chong, with encouraging him to write and change career direction<\/p>\n<p>He said\u00a0<em>\u201cI got greedy&#8230;. Greed is not good. Ambition is good, passion is good. Passion prospers. My goal is to give more than I get, that\u2019s a sustainable form of success&#8230;. Ninety-five percent of my business was legitimate&#8230;. It was all brokerage firm issues. It was all legitimate, nothing to do with liquidating stocks\u201d.<\/em><\/p>\n<p>Another point in selling is that the salesperson has to totally believe in their product. If they don\u2019t, they wont be able to sell effectively and even if they use all the right words and phrases, it will come through in their body language. As a management consultant, when I advise companies, I tell them to make sure their sales people totally believe in their products, otherwise they can&#8217;t have them selling them.<\/p>\n<p>So far, we have only covered the tip of the iceberg. We have not covered communication, research, prospecting, tele-sales, etc.<\/p>\n<h4><strong><a href=\"https:\/\/dpnlive.com\/index.php\/component\/k2\/item\/320-jordan-belfort-list-control-down\" target=\"_blank\" rel=\"alternate noopener\">Another Video where Jordan explains about his List Control can be seen here.<\/a><\/strong><\/h4>\n<h4><a href=\"https:\/\/dpnlive.com\/index.php\/component\/k2\/item\/321-jordan-belfort-interview\" target=\"_blank\" rel=\"alternate noopener\"><strong>Video of Jordan being interviewed can be seen here<\/strong><\/a><\/h4>\n<p>By Bob Tallent.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Wolf of Wall Street in the Real Print World.\u00a0Part 2 Part 1 can be seen here 3 videos can<\/p>\n","protected":false},"author":1,"featured_media":10305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,81],"tags":[],"class_list":["post-10304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-finance","category-expert-advice"],"_links":{"self":[{"href":"https:\/\/dev.webhostlabs.net\/synergy\/wp-json\/wp\/v2\/posts\/10304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.webhostlabs.net\/synergy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.webhostlabs.net\/synergy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.webhostlabs.net\/synergy\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.webhostlabs.net\/synergy\/wp-json\/wp\/v2\/comments?post=10304"}],"version-history":[{"count":3,"href":"https:\/\/dev.webhostlabs.net\/synergy\/wp-json\/wp\/v2\/posts\/10304\/revisions"}],"predecessor-version":[{"id":10308,"href":"https:\/\/dev.webhostlabs.net\/synergy\/wp-json\/wp\/v2\/posts\/10304\/revisions\/10308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.webhostlabs.net\/synergy\/wp-json\/wp\/v2\/media\/10305"}],"wp:attachment":[{"href":"https:\/\/dev.webhostlabs.net\/synergy\/wp-json\/wp\/v2\/media?parent=10304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.webhostlabs.net\/synergy\/wp-json\/wp\/v2\/categories?post=10304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.webhostlabs.net\/synergy\/wp-json\/wp\/v2\/tags?post=10304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}