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Back to The Cheshire Group Newsletter |
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This is the 21st issue of The Better Mousetrap. Many
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SHUT
UP AND WRITE THE ORDER
You have to know when. |
| A fellow we
once knew, and whom we'll call Fred, decided to become a salesman.
He'd never sold anything except some raffle tickets when he
was in the eighth grade, but old Fred was bewitched by an
offer from the Bose Corporation to train individuals to sell
their new product. He decided he could become a salesman for
the Bose Acoustic Wave.
Now it's important to get a few words
in right here about the Acoustic Wave and Bose's unusual sales
approach.
The first generation Wave was a shiny,
silver, high tec radio/tape player that delivered sound
clear enough and bright enough to blast you out of your socks.
And Bose sold it through direct sales only. You couldn't
buy the Wave retail. You had to buy it one-on-one through
a Bose Salesman.
Now the Wave wasn't cheap. It cost
around $800 and if you wanted a carrying case, it was 75 bucks
more. But the commission on one sale could make a salesman
pretty happy.
Fred had to go to Bose school for
sales training. The Bose people were particular about technique.
Picky even. They wanted their salesfolk to follow a party
line right to the letter because they knew that when their
sales staff did that, the chances of a sale were excellent.
Fred though he knew better.
The first appointment he got to demonstrate
the Wave couldn't have gone better! The prospect, who had
been salivating over the Wave right from the start, was mightily
impressed by the sound.the silver box blasted out.
"I'll buy it!" he declared.
Fred was furious to have his sales
line stepped on and the process cut short. The sales speech
was to be Fred's moment in the sun, and he very much wanted
to hear what he had to say.
"But you can't do that!"
he cried in frustration. "I haven't told you all about
it yet."
After that first awful experience
things just got worse. Fred went to great trouble to short-circuit
prospect's attempts to purchase the Wave before the sales
spiel ended, He alienated his customers. And worse—he
bored them.
Fred's career as an Acoustic Wave
salesman for the Bose Corporation ended badly. He sold only
two units, drove several prospects to other salesmen, then
quit to sulk in bitterness and frustration.
The moral: know when to shut up and
write the order. |
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THE
80/20 RULE REVISITED.
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| Everyone knows
the 80/20 rule: 20% of the people in any given organization
do 80% of the work, contribute 80% of the revenue, show up
80% of the time. Conversely, 80% of the people do 20% of the
work, contribute 20% of the revenue, show up 20% of the time.
From volunteer organizations to the federal government, the
80/20 rule holds.
You can probably site examples of
the 80/20 rule in your company, business or club.
Now consider applying the rule to
troublesome clients or customers. 80% of your tsouris [headaches]
come from 20% of the folks you serve,
right? So if one or two customers are driving you crazy and
are draining time and energy away from away from more reasonable
clients, maybe it's time to politely—but firmly—part
your business from this minority.
Suggest that another firm or individual
might might be better able to work constructively with the
troublemaker. Offer to supply a list of your competitors.
There—you've just killed two
birds with one stone.
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THE
LAST LAUGH.
|
| The sales manager needed
the slide presentation by Tuesday. It was Thursday morning
when he called the ad agency in and explained his needs.
"Can you get the job done?"
the sales manager asked.
"Well, this is Labor Day
weekend," the account exec pointed out, "there'll
be some overtime charges but, sure, we can get the job
done. I'll have the quote for you within the hour."
One hour later the account exec
was back in the sales manager's office to present the
quote and to pick up the materials that would have to
be rushed through for the presentation.
"Wow!" exclaimed the
sales manager, staring at the quote. "The guy down
the street gave me a quote for half this amount."
The account exec shrugged. "Then
have the guy down the street do the job."
"He can't do it in time,"
the sales manager whined.
The agency guy gave this response
three beats. Then he looked the sales manager right
in the eye. "When I can't do a job in time,"
the account executive said, "I'm cheaper too."
The ad agency got the job.
|
|
WHY
CUSTOMERS LEAVE.
Courtesy of Target Marketing Magazine.
|
| •
They die, or are no longer buying in your category.
• They are unhappy with the
price.
• They are unhappy with the
product.
• They are unhappy with the
way that they are treated.
Next issue of the Better Mousetrap will have a discussion
on ideas to help keep customers from leaving. |
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"Say
what you have to say and sit down. The most important
thing is to sit down."
Advice
on public speaking heard on NPR
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"It's
all too common for sales people to spend a half
hour selling their services and two hours buying
them back."
Michael
LeBoeuf
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"After you make your sales pitch shut up. The
next person who speaks...
loses. "
Unknown
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|
"Get rid of things or you'll spend your whole
life tidying up. "
Marguerite
Duras
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|
| "Build
a better mousetrap and the world will beat a path to your
door."
Ralph Waldo Emerson
You
can build it but they don't have to come. Let your
market know the product is there.
Advertise!
Promote!
Communicate!
THE
BETTER MOUSETRAP helps you do it. To do it even better call
The Cheshire Group at 978 664-3040 or visit
us at:
www.cheshiregroup.com
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