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Archive for August 18th, 2008

More Than A Name

Here is an interesting post from one of Inc.com’s blogs.  This one discusses the importance of a company’s name for branding purposes.  The short post contains something simple, but profound:

In fact, only one of the 12 — Jeff Taylor, founder of Monster.com — felt the name he selected was indispensable and key to branding his company. Surprisingly, not even Starbuck’s co-founder Jerry Baldwin felt the name was essential.

Some of the other business leaders I consulted with — such as Ben & Jerry’s Homemade founders Ben Cohen and Jerry Greenfield, cosmetics expert Bobbi Brown, Wally “Famous” Amos, Kate Spade, and David Oreck — named their companies in part or entirely after themselves. While this group felt it helped bring brand accountability and provide some level of differentiation, they did not believe the company name was essential in creating the brand. They unanimously agreed the best way to build a powerful brand identity is to offer unmatched quality, exceptional service, and consumer-centric products or services that focus on their customers’ needs and wants.

Isn’t this the mantra of sales?  I have worked for many companies where we tried to push this point through to marketing with little success.  The meetings continued and the brainstorming reached a fever pitch as they attempted to select the “right” name for a new product.

Sometimes it is as simple as listening to the customer and delivering what you promise.

Persuasive Tips

Persuasion is a key ability of any successful salespeople.  Think of the worst car salesperson or door-to-door salesperson you have encountered and you will know why this ability is so critical to success.  CNNMoney.com’s article – How persuasive are you? – interviews an individual who runs the Persuasion Institute who brought up this fine point:

Let’s take, for instance, how we handle objections, whether from a customer or some other audience, such as a boss we’re asking for a raise. Early on in life, we learn to perceive objections as opposition, so we get defensive. An unskilled persuader, often without realizing it, will show tension, uneasiness, or irritation when someone raises an objection, usually because the objection or concern stirs up the persuader’s own insecurities: “Aren’t I doing a good enough job explaining this? Didn’t I go over that already?” This way of thinking will only make matters worse.

By contrast, great persuaders who have learned new persuasion skills know how to welcome objections. Instead of seeing them as opposition, these persuaders see objections as a natural, and valuable, part of the process. They use their audience’s concerns as a way to open a dialogue, a chance to exchange ideas and discover new areas of common ground. Truly great persuaders may cut to the chase by addressing an objection before it’s even been voiced, just to get that communications ball rolling.

I say that is a fine point in that how salespeople handle rejection is key to their success.  We often discuss what traits are most important in sales and I think I would vote for handling rejection.  I think it is, in simple terms, the key differentiator between high-performance sales and mediocrity.