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Four Tips for Running an Ecommerce Store

When it comes to e-commerce, business is booming – but is it double booming? Is it triple booming? You need to ask yourself these questions because when you are the one running the online store, you want it to go as far as it can possibly go. Did you know that it’s estimated that there are 20% of retail purchases that are expected to be made online in the next five years? If you didn’t know that, now you do and that’s why you should be running your own ecommerce store.

As a business owner, it’s important that you find the best POS system around so that you can support your customers as much as possible. Your business is going to thrive if you know how to run it correctly, but getting an ecommerce business up and running doesn’t come without its challenges. You need to be able to build a proper website, easily resolve any disputes with chargebacks, and design and marketing plan that has to be effective. So, what else do you need to know? Here are four top tips for running an e-commerce store of your own.

  • Keep mobile in mind. Just because you are online doesn’t mean you have to consider just a computer. More often than not, people are using the tablets and their mobile phones to be able to log on. You need to ensure that your e-commerce website is optimized for these platforms. If you don’t optimize your website properly, the user experience rates will go down. People still use desktop computers for such as, but the majority of people in the world have turned to their phones. When you are designing your store online you need to make sure that it’s optimized for all screen sizes.
  • Call a professional photographer. This one cannot be stressed enough. The imagery that you use for each of your products needs to be on point. One of the easiest ways to have people click straight out of your website is if they go to it and have a blurry or a professional picture with bad lighting. Your products should look wonderful from the moment they click onto your site. If they don’t, it’s going to be evident that you don’t know what you’re doing. You need to be professional and that means hiring a professional photographer.
  • Make sure you have good customer support. Running an e-commerce store doesn’t come without issues, which means that you are going to have to work on customer service if you want it to work for you. Always respond to any feedback whether they are complimentary or not complimentary, and have a plan in place for dealing with disputes.
  • Work on streamlining your processes. One thing that can really put fear into the heart of every online business owner is the following words – abandon cart. If you streamline your online process you’re not going to have to worry about this because people won’t be filling carts only to leave your site.

 

Why Sales Reps must evolve into “Trusted Advisors”

Buyers have spoken, loudly in many cases…. they no longer want “sales reps” calling on them and sharing things the buyer could have found on your website.

In a recent study 33% of buyers no longer want to work with salespeople.

Why?

Well to put it bluntly … because of sales reps behaving badly for so long and not delivering value.

In a study with buyers by Florida State, buyers shared only 6 minutes were valuable to them in a one-hour meeting with a sales rep.

85% of buyer’s went on to share they expect a salesperson today to connect the dots between what they sell and how it impacts the buyer’s companies bottom line.

Sadly, less then 14% of salespeople have the skills to do this today.

Buyers want and need trusted advisors, business consultants masquerading as salespeople.

Do you need your sales reps to become trusted advisors who sell based on value?

Then this article is for you.

Salespeople can strategically build their relationships with clients.

With training and coaching sales reps can evolve into trusted business advisors.

In every meeting I have with senior leaders of an organizations they share just how important relationships are in achieving their sales growth objectives.

But sadly, less than 24% of salespeople have been trained how to move from sales rep to becoming a trusted advisor.

What we often see are common relationship levels…

Acquaintance/ Vendor supplier– someone who supplies something, this is a transactional relationship.

Peer– here the buyer sees the salesperson as knowledgeable about their product and or service, application, some market knowledge, and the buyer looks at the salesperson as a peer, partner if you will

Trusted advisor – here decision makers see salespeople as business consultants who can impact their business outcomes. They have the skills to have conversations that lead to revenue. They deliver industry insights; challenge the way their clients may be doing things and speak the language of business.

Why train your sales reps and make them trusted advisors? 

 

  1. Their net profit by customer is higher
  2. They uncover more opportunities
  3. Their close rate is higher
  4. They learn about new projects sooner than sales reps
  5. They have more time with key decisionmakers
  6. They are introduced to many leaders in the customer’s company
  7. They discover new product and market opportunities
  8. They often are given preferential treatment in large purchase decisions
  9. They receive referrals to new customers
  10. They are seen as part of their client’s team and not just a vendor

If you would like your sales reps to evolve into trusted advisors, please contact my team and we can discuss our process and tools.

 

Follow the leader is a dangerous game, particularly when you follow Hippos…

Entrepreneurs often make the mistake of focusing the majority of their attention on what their competitors are doing instead of gaining first hand market data. When entrepreneurs play “follow the leader” they are playing a dangerous game that assumes the perceived market leading competitor is connected to the needs and pains of market buyers.

Market leaders are aware of competitor activity; however they plan their strategy with first hand market data.

Market losers set out to do what their competitors are doing…but better.

When you copy what your competitors are doing you are making one key erroneous assumption: that your competitor knows your market, your buyers, and your buyer’s buying process. ( which is often not the case)

If we recognize most marketing is developed at board room tables with gut , intuition and “back when I was in the market…” information following your competitor is a dangerous game to play.Or as David Daniels put it in his eBook : Is your Product Launch Doomed?…” Mimicing a competitor can lead to lost market opportunity, misdirection of resources, and loss of focus…”

More often than not marketing strategy is made by HIPPOS; the Highest Paid Person in marketing’s Opinions.

For example, I had to run some errands in Mesa Saturday and imagine my surprise when I returned to my car and I saw a sea of purple windshield fliers in the parking lot creating marketing litter. In my recent post I discussed how we must make sure when we Chase new business we do so in a way consistent with our brand and our brand promise.

I shared how Chase Bank used a purple windshield wiper flier to drive new accounts at month end in my last post. Do the leaders at TCF Bank think Purple windshield fliers ( Like Chase Bank) is an industry best practice since one of the market leaders does it? Or was the nimble , much smaller TCf Bank’s efforts the reason Chase Bank tried this strategy?

You have been in those meetings…everyone on the cross functional team share their views , and then the highest paid person in the room (hippo)  calls an audible from left field based on their gut and or what a market leading competitor is currently doing ( after they are real smart right?). The cross functional team is left scratching its collectives heads as strategy direction is made based on the gut and past experience of the highest paid person in the room.

Market leaders gather first hand market data and shape their strategy based on current information.

They say ; “rational people, if given the right data will make rational decisions” .What we learn in “rational choice theory” that people make decisions about how they should act by comparing the costs and benefits of different courses of action. Patterns of behavior will develop within the society those results from those choices. The society in this case is competing suppliers battling for market share each day.

 

 

Decisions made with first hand current market data drive successful strategies.

 

Strategies that are initiated based on what market leading competitors do often fail.

How about your organization….

 

Are Hippo’s calling an audible that lacks market data justification?

 

Does your marketing team kick off campaigns that mirror what market leaders in your industry are doing?

 

…how’s that working for you?

  

Are your sales tools built by corporate Hippos who have not met with a customer in over six months…twelve months?

 

Playing follow the leader is a dangerous game, particularly if your Hippos insist you mirror a competitor with the assumption the competitor must know what they are doing.

Smart entrepreneurs are aware of what the 800 lb gorilla in their market is doing, but do not blindly mirror their strategies and tactics.

Smaller competitors are often more connected to the needs of their market and more nimble.

Have you mirrored a competitor and it drove sales that surpassed your ROI goals?

Can you share a Hippo based initiative that mirrored a competitor and failed miserably?

Besides,when you choose  follow , competitor and or a Hippo,the view rarely changes,..ad the outcome often stinks.

Technorati Tags: Chase bank,entrepreneur best practice,entrepreneur,Hippo,follow the leader,marketing litter,market leader,market loser,marketing

What Karate Taught Me About Making Sales Training Stick

In my last post I shared how doing customer voice research can help identify needed sales training for your team. Training salespeople is over a $ 3 billion business. However studies show 80%-90% of training does not stick and will be lost within 24 hours. How do we train adults and make it stick? In this post I will share a training process that is proven to make training stick.

Somewhere, right now as you are reading this someone is in sales training. Training occurs for many reasons. One of the most common reasons teams conduct sales training is to change behaviors and beliefs. I have been hired to train sales teams for a number of reasons. The most common is: “we want to improve our overall sales efficiency, effectiveness and increase sales profitably. We want our sales team to be more proactive,…. more hunters than farmers” Sales training is about modifying behavior so the new behavior now becomes the norm. Why does some training create a positive impact and some does not? In this post I will share a training method I use that I learned as a Karate student.

While in college at Kent State University I took a Karate class as one of my non-business electives. I enjoyed it so much I joined the local karate club and over the years became club president and helped teach Karate classes.

I started out as a white belt. A big part of that training was getting our bodies in shape for the training that would come next. We were taught basic movements that we would build on as we progresses through the other belt colors.

If you have never taken a Karate class the design methodology of how they teach is brilliant.!

Organized

Everyone first lines up from the highest-ranking students in the front with the instructor to the lowest ranking new students in the back of the room. How the students participate and interact is designed into the training for the maximum expereince of the student.

Make us want to learn

Our Instructor first tells us what we will be doing and discusses the important parts of the technique and when we might use it. Next they show us what we will be doing.

Team Alignment and consistency

As we begin the entire class is moving in unison. If you are new you can always watch people in front of you to follow along.                                                  

Practice

We practiced techniques over and over. While we practiced our instructor would walk around the room and observe our form.

Coaching/ demonstration

If we were not moving correctly they would give us adjustments to make and once again show us how the movement is supposed to look.

Break into small groups

 About half way though the practice our instructor would break us up into groups based on skill level. The white and yellow belts would work on basic techniques and would often be led by a green belt.

Teach based skill level ( fill in gaps)

The groups were broken out by our skill level and  belt rank. Our belt rank was something we were tested on to demonstrate our understanding and ability to execute a very well designed series of movements.                                                    

Show me you get it

Once a student had practiced the basic movements for a specific period of time, usually months and we felt the basics created the foundation we could build on we introduced application. What is the movement you are doing designed to do? This instruction was instructor led and involved working with a partner. We practiced our blocks, punches, and kicks very slowly with a partner. Some times we were on the offensive and other times we were on the defensive side of each technique.                               

After foundation established build upon it

While the new students were learning the basics and how to apply them, the other ranks were learning more advanced techniques and series of movements called Kata’s . The more advanced your belt rank the more advanced your training. All training however was built on a common foundation of basic movements practiced over and over again.

Assessment to understood standards of performance

When your instructor felt you have consistently demonstrated your understanding of techniques for your belt rank you would be tested. The entire club would watch you perform what you have learned and hear the instructor’s comments and suggestions.

Importance of skill level badges

 If you passed the test, and some did not, you would be awarded your new belt and the process would start all over again with new techniques demonstrated, explained, you execute them, practice, and the instructors would continuously coach you until you performed behaviors correctly without thinking to the agreed level of performance.                        

Introduce stress to see use of new behavior

 

Once you have demonstrated your ability with basic techniques and applied them successfully you will begin sparing. Sparing is a controlled fight to use the techniques you have learned in a live situation. What we are looking for at this phase is does the student apply or try to apply what we have taught? Does the student freeze, and this often happen the first time they step into the ring? Does the student continue to demonstrate control or does their emotions take over in this stressful situation?

Create safe environment for coaching

When I taught it was not unusual the first time a student would move into a live sparing they would spar with me.

Training success is determined by student’s ability to demonstrate

 

This is not about winning but helping the student feel what it is like to apply what they have learned in a safe and coaching environment.

Ask students to teach other students                                                        

Coach                                                    

Practice

 

Repeat

Why all this talk about Karate and making sales training stick?

I believe all sales trainers would value taking Karate and learning how to make training stick.

The model traditional martial arts have used for centuries is brilliant.

This is the same model I have used for years when training, coaching and leading salespeople. The only thing I would add today is record your employees being trained and record your coaching in a digital format so they can take with them. As new training skills are introduced and practiced, the student can review the recordings and see their progress over time.

Using this training model helps your sales team own what you are teaching and make the behavior modifications you desire.

Teach me

Show me

Ask me to do it

Have me practice

Coach me

Teach me how to apply new behavior

Test me in a live situation, assess and coach

Follow up training with coaching

Add new skill sets once basics are consistently demonstrated

Break us up into small groups

Have clear training levels, in this case belts and everyone knows what is expected at each level

Today our sales teams need short bursts of teaching followed by how to apply and practice

If you would like your salespeople to adapt to how buyers want and need to buy today I recommend you implement or hire a sales training company that follows the above methodology.

Does your team need sales training?

What new behaviors would you like to see your team demonstrate?

Does your sales on boarding training build on a foundation of basic skills?

How does your team assess the ongoing future sales training needs of your team members?

How do you currently identify gaps in new sales employee training?

Our markets and buyers are changing how they buy. Our teams must adapt and to help them adapt we must lead training programs that result in new behaviors that meet what our markets and buyers want and need. Implement your own or hire a sales training company that follows the above methodology and your training will stick and you will realize the ROI you desire.

For more information on training adults and trends in training methods please visit some of the following web sites.

Latest training methodology 

Most effective training

Effective training methodology

Creative training techniques 

Sales training do’s and don’t report

Sales effectiveness training 

Don’t Kick Your Salesperson’s ASS, …Help Them Find Their Number….

One of the easiest things a sales manager, (business leader) can do is resort to a; “boot on the throat”…” a throat to choke” ….and “Ass Kicking “mode. After all it takes very little effort, knowledge or skill to be a critic and a bully.

True leaders help train and motivate their teams.

 If your desire is to hit and surpass your sales objectives….Help your salespeople “find their number”.

I see it all the time, a new product launches or a new sales goal is distributed to a sales team and the key performance measurement: Sales to plan is not met. The easy route is to start “Ass Kicking”. You know …the weekly and by weekly conference call thrashings in front of their  peers. The sales update calls at 5pm on Fridays that last until 7pm. The “contemplation of your navel” market reports on why they can’t hit their sales numbers and their future action plan to change the results.

Yes this may drive some momentary, fear driven results, but this is not how you create sales velocity. In 99% of the cases I have been asked to help figure out why sales objectives were being missed it was not lazy salespeople who needed their butt’s kicked. A frequent cause was poor (or a total lack of) sales training. In these cases struggling salespeople are told to “stop making excuses and just make it happen, figure it out”. However the reality is the reason your team is missing numbers can be traced back to your understanding (yes you) of your market and buyers problems, buying criteria, and buying process.

Sales velocity is sales increases with direction and momentum and it is never driven by fear.

If your salespeople are struggling with sales, particularly new product sales and or new business sales my advice is to stop… the beatings as the morale is not improving and “help your salespeople find their number”. Their number is how many rejections they have to experience to have a win.

For example at one time in my career I ran business development for an ad firm. After tracking my calls I found my number was 18. If I made 18 calls I would get 2 appointments and from those two appoints I would close 1 new account. Instead of dreading the call process it became a game. Each rejection meant I was one step closer to a yes. Over time I also tried to improve that number.

A couple of funny things happen when you track how many rejections your team receives;

First, they make more calls. More calls mean more opportunities to win, more opportunities to start conversations.

Secondly, if your sales team has been properly trained on how to listen to buyers, determine their unresolved problems, and they understand the problems your product solves….you will have a number of net new potential clients dropping into your marketing funnel. Some of these accounts may not buy for 12-14 months, but if you compliment your calls with a lead nurturing campaign you have a high probability of closing them when their problems, (their pains) become unbearable.

As the leader you must listen to your team and look for diamonds as far as what is working and share it with your entire team. In addition you must look for common reasons sales do not occur and work with marketing to create sales tools for these common roadblocks in the flow of the sales process.

So do me (and your sales numbers) a favor …

Track number of rejections for each team member for 60 days. Gain an intimate knowledge of common reasons buyers are rejecting your salespeople.

 

Have your salespeople report on their number of rejections each week and you will see more net new sales and your marketing funnel will increase exponentially to help your future sales numbers.

Or go ahead and Kick Some Ass….it sure worked when you were a salesperson right? …Oh it didn’t? It actually made you feel like a number, and you lacked a loyalty to that manager and or company? Or you left that team, that idiot boss and now you lead the competitor’s sales team?  Interesting…did the ass kicking make you seem desperate to your accounts at the time and the deals you did close were below your targeted profit margin? Hmmm…so what makes you think “Ass kicking” makes your team feel any different?

Does your team track number of rejections?

 

Does each of your salespeople know their number?

 

Does your organization use those individual rejection numbers to identify team member who need training?

 

If you are in sales, do you know your number?

 

Do you find when the pressure is on salespeople chase new business differently? Are they making things up on their own? Making promises your product or service can never achieve?

You always have a choice.

You can “let the beatings continue until the sales and morale improves”….’let the Sh@t flow down hill…”or you can chose to lead your team. You can help them, motivate them to make more calls, and clearly understand your market, buyers, and have a record setting year.

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