Secrets of Question-Based Selling, 2E: How the Most Powerful Tool in Business Can Double Your Sales Results

Secrets of Question-Based Selling, 2E: How the Most Powerful Tool in Business Can Double Your Sales Results

by Thomas Freese
     
 

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A timeless classic in the business category, fully updated to address the newest sales trends

Question-Based Selling ® is a sales approach based on the theory that the way sales people ask questions is more important than anything they say. This teaching tool shows you how to take control of the conversation and master it.

In this

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Overview

A timeless classic in the business category, fully updated to address the newest sales trends

Question-Based Selling ® is a sales approach based on the theory that the way sales people ask questions is more important than anything they say. This teaching tool shows you how to take control of the conversation and master it.

In this hands-on manual, you'll learn to:
• Penetrate more accounts
• Establish greater credibility
• Close more sales...faster

Product Details

ISBN-13:
9781402287527
Publisher:
Sourcebooks
Publication date:
11/05/2013
Edition description:
New
Pages:
352
Sales rank:
232,100
Product dimensions:
6.00(w) x 8.90(h) x 1.00(d)

Related Subjects

Read an Excerpt

Introduction

THE "NEW" QUESTION BASED SELLING

Selling has become increasingly more difficult. Prospects have less time...yet decision makers are on the receiving end of more sales calls than ever before. With a boom in the number of products being offered, "No"has become the standard customer response, and the vast majority of these calls end in rejection.

This creates an interesting dilemma for salespeople and managers. When the risk of rejection is high, sales productivity tends to be very low. QBS reverses this trend by showing salespeople that the best way to increase their probability of success is to decrease their risk of failure.

Since I published my first book (Secrets of Questions Based Selling) some thirteen years ago, the selling environment has changed-in some ways dramatically, while other changes are very subtle. That's the difference between my original book and this updated version, the new Secrets of Question Based Selling. Now that I have trained hundreds of sales teams over the last fifteen years, I've discovered the QBS methodology has evolved significantly from my first work. Not surprisingly, many of the base concepts still apply-things like the need to establish credibility, pique the customer's interest, and minimize your risk of failure-all of which are indeed timeless. But, my intention with this updated version of the book was to enhance those concepts by including many of the metaphors, anecdotes, and syllogisms that have made Question Based Selling the top-rated sales course that our clients have ever experienced.

Ultimately, selling is a creative act-one that requires salespeople to go out into their respective markets and create business opportunities that otherwise wouldn't exist. This means knocking on unfamiliar doors. It also means picking up the telephone and calling new prospect accounts. Of course, once you get in, the focus changes from engagement to further developing the opportunity. This includes uncovering prospect needs, building value around your solutions, and securing the prospect's commitment to move forward.

Sounds easy, doesn't it?

It isn't. In fact, for most salespeople it's becoming increasingly difficult to secure a precious slice of the customer's time and attention, not to mention cracking into new prospect opportunities.

I am perhaps the only author/trainer who is willing to come right out and state that there is a problem in the world of sales training-where it has become very unclear which sales programs are the most effective given all of the conflicting information floating around the marketplace.

The positioning of different sales training courses is crazy! While one program touts the value of "Getting to Yes," another program focuses on the value of "Getting to the No." So which is it? Should we be shooting for a "yes," or "no"? Similarly, consultative selling has become a common buzzword in training circles for some time now, but the interpretations of what "consultative selling" is runs the gamut from SPIN Selling, to Power Base Selling, Solution Selling, Target Account Selling, and Strategic Selling, each of which contradicts the next in one way or another. Trust me, I've been through all of these programs (and more) during my years as a sales rep and also as a manager. Knowing where to turn for success can be very confusing.

The truth is, most of the sales training that has been delivered over the past twenty years has been process oriented. Don't get me wrong. Defining the steps of the sales process and having some sense of organizational consistency is important and necessary. Formalizing a sales process was particularly faddish back in the 1990s, which is when many of these programs really took off.

What process training attempts to do, however, is define the steps of the sales process. For example, I just read an article written by an entrepreneur espousing the value of the five-step model that he learned while at Procter & Gamble. Step 1: Summarize the Situation. Step 2: State the Idea. Step 3: Explain It. Step 4: Discuss. Step 5: Close. The author of this article refers to this five-step regimented sales process as "brilliant."

Other companies promote a slightly different sales process, where Step 1 is: "Identifying New Opportunities," followed by Step 2: "Qualify," Step 3: "Uncover Needs," Step 4: "Propose Solutions" ...and so on.

Whichever model you settle on is immaterial from the QBS point of view. I say this because the steps are irrelevant. If you looked more closely at the reps using the Procter & Gamble model, you would very quickly notice that some of them were successful, while others continually struggled to keep their heads above water. If they are all using the same process model, why are their sales results so different?

The difference between success and failure at most companies is not related to the brilliance of whoever outlined the steps of the sales process. The difference between success and failure is more closely related to the execution of the steps within the sales process. Therefore, instead of just redefining the sales process, what salespeople and managers really want to know is something else. They want to know how to identify more new opportunities? How to be more effective at qualifying new opportunities? How do you uncover more needs in order to give yourself an opportunity to provide more value? And, how can you close more sales faster?

Question Based Selling very specifically focuses on sales effectiveness-identifying those strategies and techniques that will increase the salesperson's probability of success, while at the same time discarding whatever may reduce your risk of rejection. To me, success is about execution. Simply put, salespeople who are killing it are doing so because of their ability to successfully execute the various steps of the sales process. On the flip side, sellers who are not executing effectively face a significant disadvantage.

It's worth noting that the actual steps of the sales process are pretty consistent from company to company. Thus, just identifying the steps of the sale does not afford you any advantage over your competitors who have a similarly formalized sales process in place.

How well are you executing each of these steps? That's a question only you can answer. But, I must tell you that I have yet to meet a salesperson who didn't want to take their game to the next level.

With regard to QBS methodology, ask yourself this question: Why do companies all over the world spend millions of dollars telling salespeople what to say, but they invest almost nothing when it comes to teaching them what to ask?

I still can't figure out why most of the sales training offered today is geared toward teaching people to sound the same as everyone else. Back when I was a fledgling salesperson, I tried to do everything in my power to differentiate myself from the competition, as opposed to commoditizing my company's value proposition with industry buzzwords.

Today, the effectiveness of the individual salesperson has become more important than the products they sell or the company they represent. All you have to do is glance around your industry and you will see that some salespeople are more significantly more effective than others, even though they are selling the same types of products to the same target audience.

Therefore, the real challenge sellers face is less about defining the steps of the sales process, and more to do with figuring out how to execute more effectively. Things like: How can you pique the prospect's interest to penetrate more new opportunities? How do you earn enough credibility to compete for mindshare from key decision makers within important target accounts? How can you create the sense of urgency needed to move deals forward? Or better still, how can you cause skeptical customers to "want to" share information with a salesperson they don't yet know or trust? As well as, how can you increase your "return on invested sales effort," enough to secure an "unfair" advantage over the competition? The goal of executing more effectively is ultimately about understanding how to close more deals, at higher margins, in reduced time, and with less effort.

Secret #1

Effective execution is more important than just defining the steps of the sales process.

Unfortunately, the sales profession in general has responded poorly to recent business trends. As prospects and customers have had to become more judicious with their time, salespeople have started pushing even harder to get a foot in the door. How do prospects respond to being pushed? Most push back in some way. When sellers call, some prospects get frustrated and hang up immediately. Others program their phones to roll directly into a voice-mail system, or they use caller ID to hold salespeople at arm's length. Invariably, that means the next salesperson who calls on the account will have to work even harder than the last. It also means they inherit the negative baggage created by all the previous callers.

When you combine reluctant prospects with pushy salespeople, it's not surprising that the average success rate when contacting new prospects has declined significantly. Depending on which article you read, the average "hit rate" for engaging new prospects is between 2 and 5 percent. So, out of every one hundred sales calls, the average salesperson will uncover only a small handful of qualified opportunities. What if we could change that? What if this initial call number could be increased to as much as 70 or 80 percent? Would that help your selling efforts?

One of my goals when I first developed QBS was to simplify the sale. We accomplished this by identifying the activities, strategies, and actions that increase your probability of success, and then incorporated those things into the sales process. But, rather than ignore the negatives, we also sought to identify and avoid anything that would hinder our progress. Not every idea is a good one, and not every activity adds value.

The single most effective way to increase your probability of success in a sale is to decrease your risk of failure. It's one of the great secrets of consistent sales performance. Probability and risk share an inverse relationship in sales: when one goes up the other goes down. The greater your risk, the lower your probability of success. On the flip side, it's also true that lowering your risk of failure can significantly increase your probability of success.

This is an important point, because it's no longer enough for companies or sales execs to pat their salespeople on the back and send them out into a competitive marketplace, hoping for the best. Everything you say or do in the sales process will either move you closer to a successful sale or farther from it. For that reason, everything we do throughout the rest of this book is designed to increase your probability of success, and also to decrease your risk of failure. Not only will your hit rate increase when calling new prospect accounts, but you will also engage more prospects in more productive sales conversations. When the customer wins by consummating a transaction with your company, you win too. It's that simple.

Secret #2

In order to achieve above-average sales results, one must first be open to thinking about above-average sales concepts.

My sincere hope is that a collaborative effort has occurred, where having trained thousands of salespeople over the years, many of whom were skeptics at first, has vetted the QBS methodology into a bulletproof recipe for success where you (the reader) are the ultimate winner. Congratulations for taking the first step in improving your results moving forward.

Come with me now and I'll show you how.

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