Tag Archive for: CredABILITY

The Best Networking Skills of Introverts

Search “networking” on Amazon and you’ll find over 258,000 books. Bing gets you 23 million results and Google gets a whopping 544 million hits. It’s a popular topic of books and blogs and, while some apply to computer networking, most apply to the act of making beneficial connections with other human beings.

In business, one has to be a great networker. With salespeople or sales leaders, we have to hire the rolodex builder not just the rolodex. You absolutely want salespeople who connect well with various people so they can create new opportunities.

Question: Do you have to be an extrovert to have the best networking skills?

My uncle took me to Kiwanis Club meetings when I was a teenager. He wanted me to learn how to make a “good first impression.” A strong handshake, a confident introduction, look people square in the eyes and “make small talk.” I’d observe others in the room who were truly enjoying the small talk, but while I’d try, I just wasn’t good at it. Even so, I’d never fail to find adults who wanted to have a deeper conversation, resulting in great exchanges about everything from sports to what to study in college.

Following college graduation, my first job was selling checks to financial institutions and one of my early responsibilities was to do booth duty at financial industry trade shows. My job was to “work the booth” but I also had to attend the cocktail hours and hand out at least 50 business cards – A strong handshake, a confident introduction, look people square in the eyes and “make small talk.” The thing I hated so much was now my job. How did that happen?

Just as I did at the Kiwanis Club meetings, I found people who weren’t interested in small talk but instead wanted deeper conversations. Sometimes we talked business, but often we dove into other topics and the people I met were happy to have deeper conversations. They didn’t want to mingle either.

I learned many things from why hay bales were round, to the exhilaration of hiking in the Andes, to the interesting responsibilities of being the runner-up to Miss Oregon. These same people wanted to learn about me in return, and we found a genuine desire to meet again. I failed miserably at handing out business cards, but I excelled at getting first meetings that turned into business.

During my early days at Microsoft I took a management training class that included an abbreviated version of the Meyers-Briggs personality test. Not surprisingly, I tested as an introvert which shocked the instructor given I was soon to become a Sales Director. He suggested that my test results were wrong and said, “There’s no way you could have succeeded in sales as an introvert.” The assumption was that all salespeople were extroverts.

That is likely what most believe but in Susan Cain’s book Quiet: The Power of Introverts in a World That Can’t Stop Talking, we learn that almost 50 percent of the population is introverted. With that reality, the probability is high that there are many successful, introverted salespeople who are great networkers. What are the best networking skills of introverts?

  • Listening – Introverts are naturally good listeners because they naturally dislike monopolizing the conversation. There is nothing more important to customers than salespeople who really listen.
  • Accountability and conflict avoidance – Per Cain’s research, introverts are naturally introspective. In my observations, when the unexpected happens it’s more natural for introverted people to ask first, “What could I have done differently?” They prefer to problem solve before speaking out. Casting unwarranted blame causes conflict so introverts avoid that and when blame is warranted it’s done so in a respectful fashion. People buy from accountable problem solvers.
  • Reserved – One of the negative stereotypes of salespeople is that we’re loud, big personalities who are insincere and money-hungry. The movie Tin Men depicts the stereotype well. I’ve been told by many customers that my reserved personality eliminates the stereotypical views and puts them at ease.

If you grew up in the United States or other western cultures, you likely learned to equate extroverted personalities with traits of success but today’s research finds many examples of successful introverts such as, Bill Gates, Warren Buffett, J.K Rowling, Rosa Parks and Richard Branson – the list goes on.

Being a great networker doesn’t hinge on whether you’re an extrovert or an introvert. It hinges on your ability to receive and deliver interesting and relevant knowledge. Listening, accountability and an inviting personality are some of the best networking skills of introverts.

©2014 Rick Wong – The Five Abilities, LLC

How to Earn CRED-ABILITY and Win Lifelong Customers

No customer is going to give you a sale if he or she doesn’t believe you’re going to make the right things happen. That’s why CREDABILITY is so important.

To earn it, you must:

  • Show how your value proposition will come true.
  • Demonstrate superior knowledge about the customer’s industry.
  • Be the customer’s best cheerleader.

To earn CREDABILITY, you need to:

  1. Demonstrate.

    A powerful way to prove your credibility is to show how your product or service is working for a current customer. Even better, let your customers show it off! There is simply nothing better than having a satisfied customer tell a prospective buyer that you and your company are great. Use it when you can. Since a customer demonstration is not always possible for a variety of reasons, you also can use a simulation to show how your product or service works. Create an environment that mimics that of your customer’s and show how you can make the value proposition come true in a simulated setting. It works.

  2. Educate.

    Customers don’t just want to hire you to deliver products and services — they want to learn from you. They want to be better because you taught them how. High level decision-makers learn early to hire employees to shore up their own weaknesses, and they are looking for the same from their suppliers. They pay for your product or service, but they also buy your knowledge. They want to do business with those who can educate them.

  3. Advocate.

    You want to be so good at what you do that your customers are proud to tell others about your work and you do the same for them. Such advocacy not only can open the door to new opportunities, but can help you turn clients into lifelong customers.

What are some best practices when you demonstrate, educate, and advocate?

You can get more sales tips by ordering Winning Lifelong Customers with The Five Abilities®.

©2017 Rick Wong, The Five Abilities® LLC

 

How to Ensure Your Sales Pipeline Keeps Flowing

A sales pipeline is made up of segments that align with The Five Abilities®, each of which must be flowing for business to thrive. As with a water pipe, if any segment is plugged, the whole pipe ceases to flow. The question you must always tackle is how to ensure your sales pipeline keeps flowing, which requires solving the varied problems that can block each stage of the pipe. Let’s review the five segments and the role they play in closing a sale.

VISABILITY – Being seen in the right way, at the right time, by the right people. (10%)

Being visible means you’ve created a suspicion of value in the mind of the customer, such that they ask to learn more from you. They’re curious. This is accomplished with marketing along with sales activity targeted at the needs of each customer in the pipe. This is where most sellers are most adept meaning it doesn’t greatly differentiate you from you competitors. This only clears 10 percent of your pipeline.

CREDABILITY – Showing superior expertise and experience. (10%)

To earn credibility, you demonstrate expertise as it applies to the customer’s problems. You educate customers on ways to advance their business thus earning the opportunity to advise them. Web content and in-person sales exchanges are meant to clear this part of the pipe and all your competitors do this. This also clears 10 percent of your pipeline.

VIABILITY – Solutions that fit the needs and readiness of both buyer and seller. (20%)

You have a product or service that solves problems that your customer has. You present your offering with clear logic and you convince the customer that success is achievable. You offer a viable offering for the customer and the customer is ready to succeed with your offering. This is where you begin to separate from every other offer out there therefore clearing another 20 percent of the pipeline.

Can you close now? Yes. If one or more of these things are true, you can close the sale with just 40 percent of the pipeline cleared.

• First to market – If you’re selling an innovative solution nobody else has yet, you can close at this point. (e.g. iPod)
• Monopoly – If you’re the only solution in a mature market, you can close now. (e.g. early Windows for the PC)
• Don’t care about repeat business – If your success doesn’t rely on loyal customers who will refer you to others—you can close now.

In the world of ultra-competitive, high-value, enterprise selling, these three things rarely exist and yet many sellers get stuck here rather than clearing the critical final two segments that earn lifelong customers.

No matter how good your offering, first to market and monopoly are short-lived, at best, and not welcomed, at worst. These rare situations often lead to complacency and they always bring strong competition making it hard to clear the way for ultra-profitable repeat business.

CAPABILITY – Deliver on the personal reasons people make business decisions. (30%)

Companies don’t make decisions, people do, and people make business decisions for personal reasons. The bigger the decision, the more personal it will be. The right decision is one that benefits the company and gives a personal win to the decision-maker. Increased profit leads to rewards for the decision-maker and key influencers. Smoother operations lead to greater simplicity for the customer’s team. New market share makes the decision-maker a change-agent. Help the customer earn that personal win and you’re on your way to winning a lifelong customer.

RELIABILITY – Be accountable especially when the unexpected happens. (30%)

Always expect the unexpected because this is when you shine. When your customer learns to rely on you no matter what, you’ve earned a lifelong customer. You’ve earned lifelong referrals and a friend no matter where their career takes them.

Being visible, credible, and viable gets you invited to play. Delivering personal wins for your customer and getting them to rely on you in all circumstances earns you lifelong customers.

©2018 Rick Wong, The Five Abilities® LLC