Here's to the long-term relationship

Unless your business model thrives by selling once to a customer and then moving on, never to transact with that customer again, you need relationships. Some of the best of these will be long-term relationships.

A long-term business relationship with a customer or client offers several likely benefits:

-Providing repeatable or likely-to-recur income

-Comprising one part of "a customer base"

-Ideally, because you know the customer, assuring relative ease of meeting its needs

-Providing referrals, references or a good word for you

-Sometimes, offering frank feedback on how you're doing, which is a good thing

What do you provide to this long-term customer in return? Ideally, we suggest:

-Always assuring fairness in service, pricing, product and service; in some cases, the long-term customer merits priority service

-Going the extra mile to understand the customer's business and, as appropriate, to assess needs and make recommendations

-Providing referrals, reference or a good word for your customer

-Extending the occasional olive branch, if there is a conflict

We feel this issue is timely because we so frequently hear that "the business climate has changed." We hear that customers want more for less. They consider doing it in-house, doing it for less... or doing without. They price shop, deadline shop, consider off-shoring, hire their incompetent cousin to do it. They buy it cheaper, buy it used, fix the old one.

All this and more makes the good long-term business relationships you have more valuable than ever. Treasure and nurture them.

 

Compelling selling.

Some people love the process of sales. For the rest of us, it's a challenge. That challenge is heightened during difficult economic times.

Following are some of the lessons our sales team has learned through experience, trial-and-error and the wisdom of others:

First, make sure you're selling something worth buying. Give yourself a break! Some people can sell ice cubes to citizens of the frozen far north, but the rest of us will do a lot better marketing something that has value to the prospect... even if the prospect doesn't know it yet.

In a tough economy, be ready to highlight the immediate benefits, cost savings opportunities, time saved, and other at-the-ready positives your product or service offers. Why? When money is tight, people tend to think short-term. Even corporations think short-term. In some cases, they feel they can't afford to do otherwise.

Stop talking. That's right. Learn about your prospect. What is s/he working on, concerned about and planning? Know this, and your sales message can address relevant needs.

Once again, stop talking. Once you've made your pitch, be quiet. Let your prospect ponder your offering, even let your prospect feel it's his/her turn to speak up. A little awkward silence at decision-making time can be a good thing.

Don't sell on price, but don't be insensitive to cost issues. In the end, cost will nearly always be a consideration. Just don't make it your selling point. Unless, of course, you have nothing else.

Be willing to follow up. We've all been subjected to fire-hose sales pressure. It's unpleasant. If what you're selling is of value, you can afford to be consultative. If you can't close the sale that day, ask when you can check in again. Sure, you may lose momentum... assuming you ever had it. Learn to know the difference between a prospect expressing genuine interest and one who is merely being polite to put you off.

Even if your prospects are thinking short-term, you shouldn't be. Someone who's interested in your product but not in a position to buy may be ready later. Too many salespeople drop the ball and lose longer term prospects.

Be likable. Despite online shopping, phone voice mail trees and other impersonal ways of doing business, personality still matters. When people are working with others, they gravitate toward those they like. Overbearing, single-minded and pushy aren't characteristics that come to mind when we say "likable." Consultative, warm, engaging, and having good listening skills are. Why does it matter? Because you want your prospects to take your next call or respond to your next email. You want their referrals. You want their business.