Dec 07 2006

The Twelve Golden Principles Of Selling

Published by Jonathan Farrington at 11:43 pm under Sales Skills

I received a call from an ex-student this week, who is designing an induction programme for new recruits about to embark on a career in sales. He asked that if one had to create “twelve golden principles of selling”, what would I come up with.

Clearly, this is not only a very subjective view, but also, I found it terribly difficult to reduce my initial list to just twelve. However, mindful of the fact that this exercise is designed to provide guidance to salespeople just starting on the first rung of the ladder, this is what I came up with – I would be very interested in your comments.

Principle 1: – Always Sell To People

  • People are different
  • No two sales are the same
  • Aim at becoming a people expert
  • Professional sales people actually like people
  • People buy from people - they always will

Principle 2: – You Have To Sell Yourself

  • Be interesting
  • Develop ‘intellect’
  • Never be arrogant - never talk ‘up’ or ‘down’
  • Respect the buyer and they will respect you
  • Develop your empathy levels
  • Learn to develop rapport
  • Control Your Ego Levels

Principle 3: – You Must Ask Questions

  • Develop your questioning techniques
  • Remember What? Where? When? Which? Why? Who? And How?
  • Continually ‘test your understanding’

Principle 4: – Listen To Understand

  • God has given us two ears and one mouth, we should use them in that order
  • Successful sales professionals talk for 20% of the time and listen for 80% of the time
  • Develop your active listening skills

Principle 5: – Features Must Be Linked To Benefits

Remember:

  • Features are common - benefits are personal and specific
  • Use the ‘link phrases’ - ‘which means that……’
  • Be specific

Principle 6: – Sell The Results – ‘Paint A Picture’

  • Discover ‘prime desires’
  • Personalise benefits
  • Describe end results

Principle 7: – You Cannot Rely On Logic

  • 84% of all buying decisions are based upon emotion - not logic
  • What are the chief buying emotions? - Ego - Security - Pride Of Ownership - Greed - Health - Prestige – Status - Ambition - Fear Of Loss

Principle 8: –Selective Product Knowledge Is The Key

  • Buyers buy solutions and results they do not buy products or services

Principle 9: – Aim To Be Unique – ‘Me First’ Rather Than ‘Me Too’

  • Every business, every company, every product has something that is unique
  • Look outside the square
  • Identify the uniqueness of: - your product - your service - your company - yourself

Principle 10: – Don’t Sell On Price

  • It is a ‘cop out’
  • Value your expertise - your products - your service and price accordingly
  • Always keep the ‘bottom line’ firmly in your mind
  • Anyone can give business away
  • Selling on price means we do not need sales people

Principle 11: – Present Your Solutions – Don’t Tell

  • When we present our proposals rather than post / fax/e-mail them we increase the likelihood of a sale by…..a factor of ten

Principle 12: – And Finally: Be Professional At all Times

  • The greatest compliment a customer can pay you is to describe you as “professional”
  • Don’t worry about being liked –be respected
  • Being professional is not one thing it is three:
  • It is what you do, what you say and how you present yourself

“When I see a bird that looks like a duck, swims like a duck and quacks like a duck; then I call that bird, a duck” Rudyard Kipling

The team had a lot of fun designing Christmas messages for both sites this week and I think they have done a superb job – great stuff guys, well done and thank you!

As we near the end of the year, many of us will be fine-tuning our strategies for 2007, as well as reviewing performance against plan for 2006. With this in mind, I will be posting articles designed to both provoke and assist the thought processes…

This week on the Group site www.thejfagroup.com the feature is: “The Five Main Drivers For Improvement” and on the JF site, www.jonathanfarrington.com “Are You Fully Prepared For A Fresh Set Of Challenges - A Management Checklist“

This week’s site recommendation is Best Management Articles: www.bestmanagementarticles.com It is, as the name suggests, a business specific site that attracts some very good authors. The categories have been well chosen and you can opt in to their mailing service and receive articles daily that are of particular interest to you.

I also want to recommend a marketing consultancy in the UK – Blueberry Marketingwww.blueberrymarketing.co.uk They are a relatively new outfit, but I have been hearing great things about them and if you are looking for a highly professional and experienced marketing team, do check them out, I think you will be very impressed.

OK, well just two blogging weeks to Christmas! Have a great weekend - JF

 

10 Responses to “The Twelve Golden Principles Of Selling”

  1. Selling to Small Businesson 08 Jan 2007 at 4:23 am

    It’s Not About Logic…

    Jonathan Farrington is a sales professional whose excellent blog I just discovered.  You’ll find lots of interesting stuff there, but one article caught my eye in particular:  The Twelve Golden Principles Of SellingI especially appreciated n…

  2. Jonathanon 08 Jan 2007 at 5:28 pm

    Thank you Anita - yes I do believe that about 84% of buying decisions are based on emotion but as you and I know, that does not mean “Does the buyer like me?” What it does mean is do they trust you enough to give you their business.

    In most industries today vendors and solution providers work on a very level playing field, it therefore makes sense for them to look outside of the square, challenge paradigms and identify their differentiators.

    PS. I have discovered your site now too!

  3. Jameson 10 Jan 2007 at 12:11 am

    The information you provide is excellent for business whether small or large. I look forward to following your blog from today on.

    As a business person as well as website designer and webmaster have your given permission to have your blog listed as a resource on other sites? If so, what process needs to be followed? If not, would you please consider this request and let me know how we might work together.

  4. Daniel GCon 10 Jan 2007 at 1:40 pm

    Yes, i like it.

    Always is good to remember the root of the market

  5. Small Business Trends Radio « AccManon 11 Jan 2007 at 1:41 pm

    […] Courtesy of Jeff Nolan, here’s a cool podcasting site aimed at the small business. Might a feed from this site be a useful addition to your practice website? Anita Campbell, who headlines the site has Selling to Small Business. OK - so there’s a lot of that American style of content that Brits find a tad difficult to swallow. But there are plenty of nuggets in there as well. For instance, Anita references Jonathan Farrington who says about sales: 84% of all buying decisions are based upon emotion - not logic […]

  6. JohnPearsonon 25 Jan 2007 at 5:52 am

    Nice Post.

    That was well said. Always appreciate your indepth views. Keep up the great work!

    John

  7. Robon 29 Jan 2007 at 9:21 am

    Selling ourselves is such a vast subject but I like the way you’ve condensed the whole concept into 12 bite size chunks. The 12 principles allow us step back and reflect on our own efforts and pay some attention where required. Nice post Jonathan!

  8. […] Jonathan Farrington is a sales professional whose excellent blog I just discovered.  You’ll find lots of interesting stuff there, but one article caught my eye in particular:  The Twelve Golden Principles Of Selling […]

  9. Don Lapre Benon 15 Feb 2007 at 10:01 am

    Different site with different theme. I enjoyed reading it..thank you..and may I know when will be your next site come???

    Don Lapre Ben
    webmaster@donlaprewilliams.com
    http://www.donlaprewilliams.com

  10. EJMalynon 17 Aug 2007 at 5:08 am

    Should be carved in stone on every office wall. I love it!!!

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