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Archive for the ‘Client Events & Entertainment’ Category

The Most Dangerous Single Word In Selling

Posted By Michael Roby | Saturday, August 21st, 2010

Often, sales technique or lack thereof is subtle. Recently I attended a business luncheon in St. Paul, Minnesota at a rather well-known restaurant. Significant business transactions are some of the main fare at this establishment, known for fine food and deal-making. While waiting for my client, a party was about to be seated, and the hostess asked one of the ladies in the party if a certain table would be acceptable. Then another lady in the party – the salesperson – said to to her guests – and the hostess – that “I have several documents that I want to show you, and I want to be able to spread them out.” As a result, another table was selected for seating the party.

You may ask what is wrong with this scenario. Aren’t you supposed to control the selling environment? What was said that was so wrong?

The most dangerous word in selling is also the shortest – the word “I” kills more sales than any single word or phrase. Closing rates plummet when the most frequently used word in a conversation or presentation is “I”. Simply change the focus to the prospect by changing your words. In a famous 30-year study, Yale University determined “You” is one of the 12 most persuasive words in the English Language. Our focus should be on our clients first, and our words support us – or sometimes they betray us.

So how could this lady have better controlled her selling situation? First, by telling her prospects that, “You will want to be able to see some documents I have prepared for you, so why don’t we get a table when you can spread them out?” Second, by getting to the hostess early, she could have expressed her need for a larger table in a more private area.

Placing the emphasis on the client and their needs instead of yourself and your needs always helps position you as a client-focused advisor.

Purposeful Client Events

Posted By Michael Roby | Tuesday, May 25th, 2010

Traditional client appreciation events often are inexpensive banquets at best and poorly masqueraded sales seminars at worst. Either one can serve a useful business purpose, but consider hosting a slightly different client event – a event based upon “purpose.”

Recently I visited with a financial advisor in the mid-south who takes a novel approach to client events. This advisor sponsored a golf tournament; nothing unique about that. What made it unique was it was a charity event tied to a major national charity – The V Foundation. From the Foundation website: “It has been just 17 years since The V Foundation for Cancer Research was founded by ESPN and Jim Valvano. And what significant work has been accomplished during that time! Since 1993, The V Foundation has raised more than $90 million and awarded cancer research grants in 38 states and the District of Columbia. Researchers have developed their laboratories and taken their science from the labs to the clinics with the help of funds raised by The V Foundation.”

The event was replete with unique gifts from national sports celebrities, creative hole sponsorships, and appearances by regional sport icons. Clients loved it, and the event drew a huge number of affluent prospects. In addition, considerable publicity mentioning the advisor’s name offered significant favorable exposure.

vfoundationlogo 150x75 Purposeful Client Events	This advisor used this event for a good purpose. A wonderful charity received tens of thousands of dollars, and the advisor is viewed as someone who puts something back into his community and society. Consider this type of client event next time you decide to host another boring chicken dinner.

The Great Digital Scavenger Hunt: Six Tools For Finding Professional Speakers Using the Web

Posted By Michael Roby | Sunday, January 24th, 2010

Budgets are tight and getting tighter. Every facet of the meeting planner’s day involves facing an onslaught of details preparing for an event. Selecting sites that fit the bill, building menus, choosing premium items, and coordinating agendas with the input of multiple constituencies and coordinating an endless flood of details are just a few of your challenges. Selecting outside speakers from the oratory multitudes present unique challenges. In about one-third of a second, googling “Professional Speaker” offers almost 9.8 million choices, and you don’t have time to listen to all of their demos, so you pick one and hope for the best.

The location and property are perfect. Catering over-delivers on their service promise. The schedules work, collateral materials exceed expectations, and everyone loves the room gifts. Then it happens – your speaker bombs! Consider the following six ways to effectively use the web to help you find qualified speakers that meet your needs.

Search Terms: Be as specific as possible using search terms, but keep it simple. Include terms that identify exactly what you want, including the type of presentation, (keynote, training, motivational, breakout, etc.), location, and industry. Be descriptive.

Speaker Websites: When looking at speaker or bureau websites, look for testimonials, experience, and demo videos. If finding content is difficult, then you might question the speaker’s ability to communicate from the platform. If the speaker blogs, you also see the type of content they deliver.

LinkedIn: This social media site offers a huge amount in a standardized form. General information about the speaker, as well as testimonials, links, and group affiliations all provide insight into a speaker. Testimonials become easier to expand and verify. You can even do market research that provides information from other meeting planners, as well as groups devoted to meeting planners. Networking with other meeting planners develops a massive amount of intellectual experience capital.

Facebook: Another social media networking service, Facebook is traditionally thought of as a “personal” site. However, more businesses are building a presence on Facebook. “Fan Pages” give you an idea of others who may have used the speaker’s services – or a sampling of their friends and family. This site also offers the potential to see professional speakers away from their businesses.

Twitter: Twitter is a social networking and micro-blogging service that enables its users to send and read other users’ updates known as “tweets.” Tweets are text-based posts of up to 140 characters in length – just enough – and it is free. Twitter is searchable, and offers a glimpse into the world of value creation of speakers. Tweets often include links to other resources that may be helpful in your search.

Professional Associations: The National Speakers Association (www.nsaspeaker.org) and their numerous state chapters (for example, the Minnesota Chapter’s site is www.nsa-mn.org) offer directories of professional speakers that provide a buffet of talent from which to choose.  The fact that speakers hold membership in a professional organization does not mean they are a great speaker or will meet your needs, but it does mean they have met membership criteria and subscribe to a code of conduct that provides some accountability. The ability to find and search speakers in one place makes associations an invaluable resource.

The web becomes a valuable tool to help your make finding a professional speaker easier, and with better results.