As Seen in Newsweek,
The NY Times and AP

Michelle Jones, Founder and Publishing Editor of BetterBudgeting.com
Michelle Jones, Founder & Editor

Copyright by BetterBudgeting.com

Home | Site Index | Free Membership | Budget Class

BetterBudgeting.com
Changing Lives
One Budget at a Time™

     

Like saving money, frugal living, cooking on a budget, coupons, homemade gifts, recycling? Learn how to manage your money better, while "Living a Better Life®!

Home
Site Index
Free Membership
Budget Class
Budget Calculators
Budget Forms
Budget Software

Contact Us

 

 Our Ebooks 

Frugal Family Recipes, by Michelle Jones

Frugal Family Recipes Cookbook...

More Frugal Recipes...

Frugal Recipe Blog...

101 Coupon Tips, by Michelle Jones

101 Coupon Tips...

For More Coupon & Grocery Saving Tips Visit Our Sister Site... GrocerySavingTips

Dealing with Debt, by Michelle Jones

Dealing with Debt...

A free ebook gift for members of Living a Better Life®

 

 

Frugal Marketing
(featured column)

Once You Know How to Talk to the Right People--Learn to Listen
by Shel Horowitz

We've spent the last two issues on how to find and talk to your perfect audience. This time, as promised, a little lesson in listening skills. It may be the single most important marketing lesson you can learn, because, more than anything else, it's the method that will get your prospects to *call you.* And often, if they're calling you because you're highly recommended, you have the sale if you don't mess it up.

*  *  *

Think about it this way. Would you rather buy from someone who takes the time to determine your issues, your needs, and your desires--or from someone shoving a canned pitch down your throat?

And if you prefer to buy from someone who listens rather than be sold to with an aggressive sales pitch, don't you think your prospects want the same courtesy?

I first stumbled on this idea many years ago, in a book by Tad Tuleja. He talked about the salespeople who understood this process (it's often called "consultative selling"), and how incredibly successful they were. and how they secretly gloated when they saw their competitors lugging in slide projectors, because that meant they had canned presentations and weren't going too listen. I've since read many books that explore this idea, and I've seen it work in the real world.

My own newest book, Principled Profit: Marketing That Puts People First, goes into quite a bit of detail about customer-focused selling strategies. Let me give you a brief excerpt quoting Mike O'Horo, of Sales Results, Inc. (one of a number of high-powered experts I quote in the book):

"Get permission from people who already want your product--and change the focus from an unwanted intrusion to a welcome--and rewarded--provision of service."

Create a profile of your best current buyers--then look for prospects who match that profile. When you find them, don't pitch! Identify the "demand trigger": the problem your prospect urgently needs solved. 
Investigate collaboratively: ask quest ions and listen. Only switch to solution mode if the prospect decides to take action. Once the buyer concludes that you offer four or five times greater value than the perceived risk, he or she feels compelled to buy.

Don't focus on product features, or even on generic benefits; stick to on your client's specific and deep needs. Avoid the trap of pushing product; don't be "the most expensive human catalog." O'Horo says the 
buyer cares only about how you can improve three factors: the effect the client desires, the relationship between value and commitment, and self-interest ego needs.

Independent of your offer, ask deep, probing questions: 

* "What is the biggest problem you face?"
* "How important is this problem?"
* "What positive effects would you expect if you fixed it--and what benefit would that have for your business?"
* "How does the problem affect you personally?" 

Once you've asked, "shut up and listen." From the buyer's answers, you'll both recognize whether the issue actually needs attention--then let the *client* conclude that the cost of inaction is too high.

Explore why the problem hasn't been solved; ask, "what are the barriers to solving this problem?" Then determine how many others are affected. Ask, "who beside yourself is the natural champion to lead the charge within your company?" Those people become natural allies in the selling process too; they are sponsors or champions.

Of course, the book goes into a lot more detail than I can cover in this column--along with other "marketing heresies" such as the idea that market share doesn't matter to most businesses, and that businesses can do very well by doing good in the world. 

*  *  *

 

Copyright © 2004 by Shel Horowitz

Want more money-saving tips?  Get a FREE Subscription to our monthly newsletter!

----------------------------------------

Books by Shel...

The Penny-Pinching Hedonist: How to Live Like Royalty With a Peasant's Pocketbook

Grassroots Marketing: Getting Noticed in a Noisy World

Principled Profit: Marketing That Puts People First

Marketing Without Megabucks: How to Sell Anything on a Shoestring

 

"Like Us" on Facebook Like Us on Facebook!

Follow BetterBudgeting on Twitter
Follow Better Budgeting on Twitter!

"Top 10" Budget Busters

"Top 10" Daily Deals

"Top 10" Discount Stores

15 Ways to Create Cash

63 Gifts for Under $10

Monthly Tip Contest - Win $25 Cash & Free Coupons

More Articles...


 

Thank you for visiting with us today...  
Don't forget to sign up for your FREE SUBSCRIPTION & BONUS GIFT!

Home | About Us | Contact Us | Article Index | Affiliates
Reader Feedback | Disclaimer | Privacy | Subscribe | Unsubscribe-Change Address

Like Us on Facebook!        Follow Better Budgeting on Twitter!  

Copyright © 2001-2012 by BetterBudgeting.com,  a subsidiary of Blue Ridge Publishing, Inc.

All rights reserved.

Living a Better Life® is a registered trademark of BetterBudgeting.com and it's parent company, Blue Ridge Publishing, Inc.  No portion of this Web site or its publications may be reprinted without the written permission of the editor.  Please ensure that any reference to our content (shared in print, Social Media or on the Web) includes credit back to us with a link to BetterBudgeting.com.  You are welcome to link to our Web site or individual pages.  Thank you for your support!

Members... Have you told your friends and family about us?  Do we have your correct email address?