Friday, 24 September 2010

The Value of Time

In the past year, I have met quite a number of Business Owners, who, first, were complaining about the recession and how difficult it was to get by and business was slow and that nobody was buying; and then, once they got tired of complaining and loss of business (those that were lucky to survive), decided to get busy and get some business.

Well... I think what they meant by “business” was “busy-ness”... I have been watching their progress with great curiosity and here are some of my observations.

Thursday, 1 April 2010

The Language of Sales: Will Your Customers Keep Buying From You?

Despite a shift in customer attitudes and behaviours, companies are still "talking down" to their clientele by telling them what to do in the hope to persuade them to buy their services or products.

When it comes to sales, those days are long gone. All it takes is a subtle change in your marketing language to produce noticeable results. A change in customer attitudes over the past couple of decades means that they have switched from needing external direction to deciding for themselves whether to buy or not to buy. They compare offers to each other in search for a better deal. In other words, they've gone from "compliant" to "decisive" — they no longer want to be told what to do and they are in control. But while many companies understand this shift on an intuitive level, they have yet to adopt the right language and approach with their customers.

Organisations that invest in research to understand exactly what makes a customer buy have had great success. They use the information to create their branding, design advertising campaigns and to train their staff on the exact language to use (or avoid) with customers — and they reap astonishing results.

So, what could businesses do differently to influence their customer decisions?

  • Rethink your message: how you address your customers will affect your sales. Some companies are still touting themselves as "the best" or "the right choice". These firms essentially tell customers what to think and what to do, which is no longer an effective strategy.
  • Put yourself in your customers' shoes: notice how you react when told what to do. What's your response when you're presented with claims that don't "hold water"? Don't you trust those organisation that keep on insisting how much they care about you through their TV adverts? How would you like to be approached instead and what message would strike accord with you?
  • Review your language: apart from checking your spelling and grammar (and I've seen a few corporate blunders), review your marketing materials and look for examples of commanding and suggestive language.
  • Fine-tune your sales approach
  • Invest in staff training: once you have streamlined your language and your message, invest in staff training to ensure that you manage customer expectations versus your promise to them.
  • Test and measure: listen to your salespeople as they talk to customers. Do they make suggestions or assertions? There is a big difference between "This is what I think is best for you" and "Here's what I would suggest/recommend for you to consider." The first is a statement and implies a command to the customer, whilst the second is a suggestion to consider.
Of course, customers' attitudes are constantly changing in many ways and the change from being told what to buy to being offered a suggestion or consideration is just one of them. It is still a call to action but in the way where customers come to a decision themselves (with your help). And even if you only address this one change, your customers will notice and appreciate the difference in your approach.