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57 Days of Selling

57 Days of Selling "Day 45"

It's Friday evening, just about 10:30PM. I've finishing watching my Friday night series of "Z Nation" & "Gold Rush" and have put away a couple of Bahama Mamas for a night cap.

I've often wondered how many other sales rep get a rush every time one of the three gold crews come up big with their weekly clean up of the wash plant.  For me,  it's prospecting 101 and digging in the dirt to find that gold streak, well, it's something we do every day. We're just not digging in the dirt.

LOL, I'm having a senior moment about Thursday! 

In the AM I prepared my presentation for an appointment I had on Friday with an existing account. Preparing meant, that I researched the last year of maintenance and supply costs on three different devices.  Developed a spreadsheet that outlined last years cost with quarterly meter reads for each device. Once I developed those three spreadsheets I then analyzed the annual and quarterly volume of each device.  I then took those existing spreadsheets and ran models of what the cost would be with new devices.  Yes, it's a lot of work, however when you present this to the client you are leaving no stones unturned. You have every bit of data that can help you close the order.

In addition to the six spreadsheets, I cut and pasted a Ricoh PPT on the new devices into a short format of what's new and different.  I capped all of that off with a brochure, order doc, lease and maintenance/supply agreements.  I'm figuring I spent at least three hours from start to finish.

My next project was to model a few pricing scenarios for the net new account I visited yesterday. When I was finished I sent it off to my manager and we'll have a pow wow about this account on Monday. All in all, I figure this ate up another two hours.  BTW, special thanx to those Print4Pay Hotel members that helped me out with the finishers for the existing Canon devices. Could not have completed this without your help!

The rest of the day was spent was preparing for my 7:30PM appointment in South Jersey.  This will be my second time before the board, in the last thirty days. My first proposal had then spending another $200 per month to replace two devices.  My new proposal now has them saving $132 per month and going to one device. 

I finally left the office about 6PM, grabbed a quick bite to eat and arrived for my 7:30PM appointment about twenty after seven.

I was able to sit in on the board meeting and finally presented my proposal just about 8PM.  My second proposal was a hit, all of the board members were in favor, however, they told me that I had place a call to the head board member and run it by him. Damn, it's always something right.  I'll be calling him in Monday, since I have a full day tomorrow.

Finally arrived home a little before 9:30PM!

Amount Sold Today = $0K

Total Revenue to Date = $115.5K

New Opportunities Created Today= $0K

Total New Opportunities Created = $346K

Revenue Required to hit 200K Goal = $84.5 K

Lost Opportunity Today = None

-=Good Selling=-

57 Days of Selling "Day 44"

Thirteen days left..... it's been exhausting.  It's about 20 past ten and I'm ready to pass out.

In the AM, I had a training session for one of my largest accounts. Recently, we placed three wide format multifunctional systems, the primary use of these systems was for scanning.  My training session was to teach them about the additional scan features that could be used for scanning wide format documents. 

Their IT department had the systems set up for scan to a single folder.  The user would name the file at the MFP, scan to that folder and then go to their PC and then upload that file to their document management system. 

Just last week, I spoke to our sales people about FAB (features, advantages and benefits).  I spoke about the importance of how a single feature on a device can lock out the competition. We call those "lockout features". 

With our line of Ricoh wide format MFP's we have one of those "lock out features", that feature is the TWAIN scanning driver that comes with our Ricoh wide format device.

Why is that important?

During training, I was asked, can the system scan the document and save it as a .tiff file? "Of course" I stated, and then added, "why do you need a .tiff file?". I was then told that their document management system will only recognize .tiff files.  Basically, .pdfs were of no use to them.  I then asked their IT person if their document management system can use a TWAIN scan driver.  The answer was yes,  I then stated they could load the TWAIN driver, then pull scan the documents right to their document management system.

Now, I was not aware of the need for the TWAIN driver during the initial sales call, however I learned a valuable piece of knowledge today.  I learned that "xyz" document management system can use a TWAIN driver and eliminate a few steps in the scanning process. I'm keeping this tidbit of info in the memory banks and will proceed to call other accounts that are using the "xyz" document management system. This one little piece of knowledge will open some doors for me in the near future.

Back to the training, after two hours, I was finally out of there. I was going to do a planned stop in for a production system, but had to scratch that in order to make my 1PM appointment that was more than an hour in another direct. In addition, I had to pick up my Guru of Major Accounts.

You never know what tomorrow will bring 

Our appointment was with a larger SMB that was pricing four new MFP's for replacement in February of 2017.  Three A3 black devices and one color device, volume with black was more than 100K per month and just about 10K per month in color.

This is the same account, where I have failed twice before, just can't seem to knock out the incumbent. I brought in my Guru of Major Accounts because he is the best at presented our IOP.  While I listened to mu GURU deliver the IOP, I also had my eyes glued on the client for body language.  That body language told me that we have a decent shot this time around. 

Of course, I asked what is your time frame to order. I was expecting January, February and was delighted to hear that our prospect will be making a decision in the next ten days! Woohoo!  Chalk up a $40K opp.  Yeah, it's not a sale, but never the less it's another roll of the dice that I'll have before the end of the month.

By, the time we returned it was later in the day, and I was so pumped that I started crunching the numbers for this account.  Believe or not, I had kept all of my quotes and notes from the last six years, and I'm going to rely on that data to try an win this.

Nothing sold today, I was able to schedule my other large opp for $48K for Friday. I have a long day tomorrow, with my last appointment scheduled at 7:30PM.  Probably will not post up a blog tomorrow night.

Amount Sold Today = $0K

Total Revenue to Date = $115.5K

New Opportunities Created Today= $40K

Total New Opportunities Created = $346K

Revenue Required to hit 200K Goal = $84.5 K

Lost Opportunity Today = None

-=Good Selling=-

57 Days of Selling "Day 43"

Fourteen days left, and yes, I'm starting to feel a little bit of pressure now. 

I have only one large opportunity that I have a chance of closing for December.  That opp is for $48-$50K, if I can nail that down, the rest of the year should be a breeze. If I can't get that opp to close, I'll then have to figure out a plan to piece meal the rest together. If the piece meal bit comes to fruition, I'm thinking I may have to write 12-15 orders for the month. Egads!

That will not be an easy task. 

On the plus side, I'm feeling much better and if I can have a few more days like to today, then I have a good shot.  I was able to log almost forty calls, thirty some outbound emails, scheduled two additional appointments, close a small order,  added another $17K to the pipeline and moved a couple of additional opps closer to a possible close this week.

Today was more about digging deeper in my CRM and seeing how many rabbits I could pull out of the hat.  I was happy with pulling two opps for the $17K, both of those opps have a chance to close before the end of the month.

I'm hoping I can get that $48-$50K rescheduled for this week. I then have two additional opps for $7K each that I may be able to close by the end of the week. 

Tomorrow brings me a 9AM appointment for some training, a scheduled stop in for an opp that went cold for a color production unit, and a mid day appointment at a larger account that has six Canon devices that are close to the end of lease term.

Funny, the mid day appointment will be my third try in six years to win this account.  I lost the last two to the incumbent, and I'm hoping the third time will be the charm.  I'm bringing out the BIG GUN with this one, and inviting my VP of Major Accounts.  Momma did not raise a fool and I'm all in for a little help on this one and two heads are usually better than one. 

December is one of those months that can be off the charts and other the hand it can also be one of those months that you can put up a stinker.  I will do everything in my power to make sure it's not a stinker, however I also realize that there are some things that are just out of your control.

Thursday is our scheduled phone day and I'm hoping I can duplicate what I did today. 

So, what's the plan for the rest of the week?  Work the phones, work the heck out of my CRM, make contact with at least another one hundred accounts, and close a few opps.   Need to finish strong this week.

Amount Sold Today = $1.5K

Total Revenue to Date = $115.5K

New Opportunities Created Today= $17K

Total New Opportunities Created = $306K

Revenue Required to hit 200K Goal = $84.5 K

Lost Opportunity Today = None

-=Good Selling=-

57 Days of Selling "Day 42"

After a weekend of rest and relaxing, well, If you define decorating the outside for the house for Christmas, then I truly had a relaxing weekend!

By Sunday, I was feeling somewhat better, so the wife gave me a kick in the ass and stated, "you need to decorate the outside, honey". WHAT?  You know the saying, "Happy Wife, Happy Life".  Ten AM to Three PM, geesh I wish we lived in a condo in Florida.  By four PM we were leaving for the wife's Birthday dinner.  It was a busy day and night, and the reason why there was no email update last night. Still trying to get this done tonight, however it's already 9PM.

I received an email last night that my Tuesday appointment needed to reschedule, and that he would be back on Wednesday of this week.  We agreed that we would touch base on Wednesday and re-schedule that meeting for later this week.  This one of the big opps I have for the month, coming in a $48K. My plan for the day was to prepare for this appointment, gather additional data, do a few spreadsheets, figure out what I could hang my hat on and develop a short ppt for him.

So, plans have changed again!  More phone calls, more researching the CRM, more of trying to find existing accounts that may be interested in upgrading.  I'm focusing more on those existing accounts because I know those accounts will close faster than any net new accounts. In addition most of those net news that are in my funnel for December seem to have taken a trip to Africa and could be lost near a small village on the shore of Lake Tanganyika. (wink)

I was able to close a small order for a pre-owned A3 color device.  Scheduled two additional appointments and moved an 80 ppm color A3 device closer to a close.

I also set at least a half a dozen emails to some existing accounts about Section 179 of the IRS tax code. Explaining that depending on how their tax status is they may qualify with signing a finance lease before the end of the calendar year.  I crossing my fingers that I get something warm from one of these tomorrow. Not holding my breath though.

I have one appointment tomorrow, with a decent shot of closing, I'm thinking 60/40.  Other than that it's back to prospecting!!

Amount Sold Today = $3.5K

Total Revenue to Date = $114K

New Opportunities Created Today= $0K

Total New Opportunities Created = $289

Revenue Required to hit 200K Goal = $86 K

Lost Opportunity Today = None

-=Good Selling=-

57 Days of Selling "Day 41"

Yes, I'm somewhat behind on my blog posts. I was reminded of this when I arrived at the office this morning.

Friday, was not one of my better days, still fighting what ever bug someone gave me. 

I was able to accompany our resident rookie to an appointment with an existing account.  This account had recently received a repair estimate for a duplicator that was almost seven years old.  There was no maintenance agreement in place, and the estimate for repair was in the very low four figures. 

We really did not know much about the accounts print habits and this was going to me more of a fact finding mission rather than trying to sell something. 

We arrived a little before 9AM, waited for a minutes and our client arrived a few minutes later. 

I wanted to find out if a duplicator was still a requirement. After thirty some questions we found out that a duplicator is still a good fit for them.  Did they need something as high end as they have? No, they could be better served with a smaller duplicator that didn't require 11x17. They could also benefit with a duplicator that was capable of printing from the network. 

Thus, we have a repair estimate for over $1,000, the existing duplicator is not under maintenance agreement, plus the duplicator is almost seven years old.  Yes, they could just spend the money and get it repaired, but when will the duplicator break down again?  Next week, next month, six months, two years?

We have no way of knowing that, nor does the client.  We then retreated a bit, explained that we need to look at some numbers and get back to them with a recommendation. 

During the ride back to the office, we discussed a plan to price up an A4 duplicator with a print controller.  Offer this on a 60 month lease and see where the numbers fall. It's my thinking that we can offer them a fixed cost to lease a new duplicator that will be less expensive than the current cost to repair the broken duplicator.  What I mean is that we are only going to look at the first year lease, maintenance and supply cost, thus hoping it will be the same or less than the out lay of the thousand dollars to fix the existing duplicator.  The client will then have two options, repair the existing duplicator or get a new one. It's not a great plan, but it's the only plan.

We also found out the existing lease cost for the current copier, all I can tell you is that sales person should be shakin in their boots!

I was just not up to the task of tackling the phone today.  I focused on processing the two orders I had from earlier in the week, and then focused on sending and answering a few emails.

I had a few more pricing discussions with our resident rookie and by about 3:30PM I was shot.  I left early, sent home, fell asleep and woke up about 10:30 Friday night.  After that I logged another right more hours of sleep.  Guess I needed it.

-=Good Selling=-

57 Days of Selling "Day 40"

After many days of fighting a cold/sinus/headache thing, I finally succumbed to having to stay home.  I'm hoping that I'll feel somewhat better tomorrow since I have an appointment with one of the rookies.  Really looking forward to it.

What I did have the energy for, was to work from the home office today.  I hardly made any calls today, and most of my work was done via emails.  Never the less, I was able to schedule two appointments,  create an opportunity for $10K (2017) , and move two smaller opps to a 90% close within 48 hours.

Not a great day, but with how I felt, I'll take it.

Which leads me to a phone call I had tonight from a rep that had text'd me a few days ago.  He was curious about the Premium Membership/VIP section of the site, and if there were tele scripts (yes, there are scripts) and info that could help him out.  I text'd him back and offered to speak with him in the evening tonight.

It was about 7:30PM when we finally connected,  I come to find out that he is somewhat new to the industry, is passionate about the opportunities that are available, and has had some lackluster support.  In addition he was interested in what is the right/best way to find business.

I asked him about his book of accounts and found that his book was rather miniscule and there were not a lot of options there.  Having a small book of accounts is not a bad thing, meaning you don't get caught up in the day to day support of existing business.  Having no book or a small book of accounts gives you the freedom to just cold call!  One of the newer reps in our (can't call him a rookie anymore), put up some incredible numbers for canvasing and has generated more than $200K in business this year. That's an awesome job!

With that, I stated that you can do 20-25 in person calls each day.  This will translate to 125 per week and an amazing 500 in person for the month.  Doing those types of numbers means that you'll find more than your fair share of opportunities.  Do the work, and good stuff just happens.

We spoke for a good forty five minutes, when we disconnected, I thought to myself that this guy is going to make it.  He's going to make it, because he has what I call the 3 D's of Selling.  Drive, Determination and Desire.  Those are attributes that you can't teach, you either have them or you don't.

Tomorrow? One appointment with the newbie, one scheduled appointment for me and it's back to prospecting.

Amount Sold Today = Squat, nada, nothing!

Total Revenue to Date = $110.5K

New Opportunities Created Today= $10

Total New Opportunities Created = $289

Revenue Required to hit 200K Goal = $89.5K

Lost Opportunity Today = None

-=Good Selling=-

57 Days of Selling "Day 39"

I am exhausted!! Driving for more than 2 hours in a torrential downpour this AM to our branch office in PA, and then the drive back in the rain for another three hours has kicked my butt!

I had to arrive by 11AM for a teleconference with one of our PA reps.  Our rep had scheduled a teleconference for 11AM.  We  tried once and then twice and could not get a connection with the DM.  Thus, I went through some information about wide format products with our rep to help when that connection is made.

Lunch was scheduled for Noon, with our sales meeting starting at 1PM.  I can't give you details of the meeting, because that's top secret stuff.  But, what I can tell you is that I had about twenty minutes to present a recent blog "Ten Ways Copier Reps Can Make Their Proposals Stand Out to Win More Orders!" to our team.

I kept it upbeat, tried to keep it entertaining so no one fell asleep.  Since many of our reps are newbies I thought I would also speak about FAB.  If you're not familiar with FAB, it's the acronym for Features, Advantages and Benefits.   Early in my sales career, I was taught FAB from a Minolta sales training course.  In short,  whenever you state a feature (could be for any product), you then follow with the Advantage to the client and then the Benefit to that client. 

If you're interested in knowing more about FAB, shoot me and email and I'll respond as quickly as I can. It's getting late and I need my beauty sleep.

Our after sales meeting event was located a few miles away where we all gathered for some food and beverages. 

A group of us old guys then had an engaging discussion about how FAB and many other sales techniques are not taught anymore. Keep in mind that FAB can be used for hardware, third party software, Apps, and just about everything we sell.  We were all in agreement that it would be awesome if we could just gather all of the newbies once a month and give them old fashioned sales training. Forget about the hardware, and the software but teach them all of the sales techniques that we honed are skills with.  I can still remember thinking to myself during a sales training back thirty years ago, "I'm not going to say that corny stuff" and thinking it will never work. Well, it does work and works most of the time.

That's it, I'm out, back to the grind in the AM!  Oh, by the way the exact location for our President Club Trip was announced today and I am PUMPED!

-=Good Selling=-

57 Days of Selling "Day 38"

Just one of those wonderful mornings in NJ!  Heavy rain, traffic, a planned stop in and then a major accident finally landed me in the office a little after 9AM.

Today's plan was the same as yesterday, prospect, schedule appointments and move some opps closer to closing.  All in all I think I had a decent day, I logged more than 35 calls, around 40 out bound emails,  and who knows how many received emails.  The net result was three additional appointments and the creation of one additional opportunity that has a chance of closing this month.  That opp was for an A3 color MFP.

Sometime in the mid morning one of our rookies paid me a visit and had some questions in reference to a Duplicator.  He knew the system would print but did not have a clue about the technology behind a duplicator and how a duplicator could be used in a 501C organization.

Thus, I took about thirty minutes or so to explain the technology, and when a duplicator should and should not be used to make prints.  This existing duplicator was at least six years and old and was on the ropes for a few days since it required some parts.  Those parts totaled up to be on the very low four figures, thus the general consensus is that an upgrade may be in order.

Neither of us knew much about the account, nor where there any notes in the CRM about what they print or the volume that they print on the duplicator.  For those of us that have been in the industry for a long time we know that the low cost per page of black MFP's has almost decimated the Duplicator market.  With black cost per page on MFP's at .006-.0085, it's hard to make the case for a Duplicator these days. 

I asked that our rep get the client on the phone and see if we can schedule an appointment so that we can learn more about what they do with the Duplicator. Twenty or so minutes later our rookie had scheduled the appointment for later this week (good job) and I was pretty exciting that I'll be tagging along to help. Not sure how this will pan out, but you just never know.

Mid-day found me helping another rep from one our PA offices for a larger wide format opportunity.  Since I am the resident expert of wide format, I was more than eager to spew my knowledge!  We needed to nail down the existing volume, along with whether that volume was being metered by the square foot or linear foot. In addition we needed to figure out how many rolls of paper would be required for each month.  Twenty minutes later and we had what we needed. I then offered up my assistance if they were able to schedule a meeting.

At 1PM tomorrow we have our Corporate monthly sales meeting at one of our PA branches.  Lunch is to be served at noon (we like lunches, especially those we do not have to pay for).  On my home tonight I had an email from one of the reps for that wide format opp.  The rep had scheduled a teleconference for 11AM, and was asking that I arrive in the PA to help on that conference call.  I would much rather get on site, because there is so much you can learn from viewing their operation, the existing workflow along with the existing wide format system.  But, that's not going to happen, thus, I'm sure I'll have a crap load of questions so I can develop a better understand of what their needs are.

I'll be leaving NJ at 9AM and probably not going to get back home until 8PM. It's going to be a long day!

Amount Sold Today = Squat, nada, nothing!

Total Revenue to Date = $110.5K

New Opportunities Created Today= $8

Total New Opportunities Created = $279

Revenue Required to hit 200K Goal = $89.5K

Lost Opportunity Today = None

-=Good Selling=-

 

57 Days of Selling "Day 37"

"When the going gets tough, the tough get going"

It's an awesome quote right?  Time to dig in and get things done.

After stopping for a coffee and a bite to eat this AM, I arrived at the office by 6:45AM and I was working before the clock struck 7.

Over the years, I've found that Decembers have been some of my best and worst months of the year.  There's no rhyme or reason, you can work your tail off and still end up with a stinker, or everything you touch turns into an order. Me, I hoping on the Midas touch for the last twenty days.

I had a few follow up emails that I worked on early. Made sure I drafted a note that had my top ten calls that I need to follow up on.  In addition, I keep an opportunity sheet close to the phone and I'll place a check mark next to each one as I make a contact.  That contact can either be a phone call or an email. It's a nice visual to keep in front of me instead of toggling back and forth with my CRM.

I was able to schedule five appointments, however they were spread out over the next two weeks. In total,  I logged about thirty or so calls and almost forty emails (out bound), thus I was happy with the outcome of prospecting.

Remember that statement that I blogged about the other day?  "If you keep prospecting you'll never know what tomorrow will bring." 

I had a call from an existing account that he wanted pricing to replace an old A3 color device that I had sold him about six years ago. In addition he stated that he wanted the system a little faster than the A3 color device I sold him a year ago for another location.  The pricing was needed for his 2017 budget. Which led me to, "when does your new budget year start?"  I was delighted that it was January 1st.

just a few months ago, I would have stopped everything that I was doing in order to get him his numbers ASAP. But, the plan at least for the next twenty days is "to prospect by day and quote by night".  Thus after I'm finished with this blog I'll be developing his numbers. Which leads me to, how can I get this order to populate for December and not January?

My plan is to quote two prices, one for "lease now" and one for lease in January. Of course the January price will be much higher, than the "lease now". In addition, I'll work the numbers for a 60 day deferred payment.  This should eliminate the objection of not having the funds available in 2016.  That's the plan.

With another existing opportunity, I've had a hard time contacting the DM on a regular basis. We touched about a seven weeks ago and then three weeks.  The account is now is lease renewal and from the last talk the DM had to go before the board for approval for the new device. It's been about three weeks and I have not been able to catch up via email or phone.  My plan is to develop all of the order docs, order form, maintenance agreement and lease.  Couple those docs with a short cover letter outlining the savings to order now and send everything via fedex.  I'm sure this will get the DM's attention and the next email or phone call will drive a connection to figure out if this order is going to move forward or flounder. It may work or may not work, but at least it's a plan.

At 4PM, I signed an order for an A3 black device and a small A4 black device. The order was not so easy as there was a last minute player that undercut my cost my buy more than $400.  As Adrian states, they are pond scum.  Never the less the deal is done, time to move on.

Tomorrow is another planned day in the office, need to fill my days with appointments.  I almost forgot, I was able to schedule and appointment for next week with a net new account. That opp is worth about $25K, however don't see that sale happening in in 2016, more like first quarter of 2017.

Amount Sold Today = $4K

Total Revenue to Date = $110.5K

New Opportunities Created Today= $32K

Total New Opportunities Created = $271K

Revenue Required to hit 200K Goal = $89.5K

Lost Opportunity Today = None

-=Good Selling=-

57 Days of Selling "Day 36"

Today is Sunday the 27th of November. 

Tis the end of the re-heated Turkey dinner, the last of the Turkey and stuffing sandwiches, and yesterday was finale with Turkey Soup (pretty much all of the leftovers go in the pot).  Adios Thanksgiving, it was a wonderful four day reprieve from work.  But not such much for gathering the 32 boxes of Christmas decorations and working with the wife to decorate the homestead.  Next weekend it's more of the same with my chore of getting the outside decorations done.

Ah Wednesday, just as I thought, Wednesday which was the last day of my month proved to be non-eventful. I was able to schedule a few appointments for next week from the thirty or so phone calls that I made. Seems like Monday and Tuesday will also be spent prospecting, since I need at least another $100K in opps.  Giving up now, on banking opportunities would mean that I would pay the price in January and February.  It's a price I don't want to pay.

I did have the chance to speak with one opp on Wednesday, we reviewed two quotes. One for an A3 black device for a his 501C and then an A4 black device for his own company.  My prospected stated he just needed to clear the order in the afternoon and we could touch base later Wednesday.

Later in the day, I did try to contact my prospect, however he was either busy or was not finished with that meeting.  Thus, that was it for me, I took an early start home since I was in charge of dinner.

On Friday, I did have a call my from opp. I was not able to catch the call since I turn my phone off on days that I'm not working. I was able to listen to that message on Saturday and was informed that I'll be receiving both of those orders on Monday.  Not what I wanted, but Monday will work.

At this point, with twenty-one days left, I need to book at least 5K per day.  Like I stated in a previous blog, December sets up well since the 23rd is on a Friday.

I have one closing appointment (I'm closing) for about $38K, and another for about $7K. I have more than $100K in the pipeline for December, however I realize that's not even close to what I need.

Starting this week, I'll be arriving at the office by 7AM each morning, that will give me an extra twenty hours for the month.

The other day, I had an email from a P4P'er stating how he and his team is enjoying the daily blogs on my question to him my number.  One of his team members replied with "why does he work so hard when he's been doing this so long?" 

I could look at that two ways. 

1) One if you think it's going to get easier, you're crazy, it's not. Nothing comes easy.  If you want it, you need to work for it.

2) Thankfully at my age, I still have the desire, the dedication and determination to win. I like to win, I need to win, and I hate to lose. I want to be that "guy" that you need to chase.  Just keep in mind that if you catch me or beat me, I'll find a way to get back on top. It's just what I do.

Moving into the last month, I realize it's not going to be a cake walk. One thing I do realize is that if you never stop prospecting you'll be amazed what tomorrow will bring.

Amount Sold Today = $0K

Total Revenue to Date = $106.5K

New Opportunities Created Today= $0K

Total New Opportunities Created = $239K

Revenue Required to hit 200K Goal = $93.5K

Lost Opportunity Today = None

-=Good Selling=-

57 Days of Selling "Day 35"

Geesh, the days just seem to be flying by now.  Twenty two days left and much to get accomplished.

I took a few minutes to look at the month of December to see what day Christmas falls on, and it seems that I have a little bit of luck on my side (at least for now).  Christmas will fall on a Sunday this year, Saturday is Christmas Eve, which means mostly everyone will be working a full day on the 23rd.  Whew!  I hate to lose selling days especially down the stretch.

I had made a goal of setting five appointments today, I fell short as I was only able to schedule three. I logged somewhere in between 35-40 calls, spoke with 6 DM's which gave me the three appointments.

I'll be working tomorrow, calls in the AM should be ok, however after 1PM it's probably going to be next to impossible to get a hold of the DM.  I have forty some calls scheduled, I'm hoping to have them cleared up by noon.

I did not schedule any appointments for today, as I stated in the previous blog, my time was dedicated for tryin to fill the first week of the month with appointments.  I was also able to follow up with some of the opportunities that I have open for November.  Tomorrow is the last day of my month and I moved almost all of the open ops to December and even had to move three to January (that hurts), but they were small revenue ops. Thus the pain was not as bad as moving a 20K or 40K op to the new year.

The other day, I had a net new account get hot for a refurbished (that's what the client was looking for) copier.  I don't have refurbished copiers, let me back track, I can get those, however I'd rather sell new, especially to a net new account. I learned a long time ago to give the client what they want.  I scoured our list of pre-owned and spotlight copiers and I came up with two choices. I really wasn't happy with either of those choices because those copiers were sold old. In addition, someone could sell a new system for less than what I would charge of one of the pre-owned aka spotlight systems.

So, what's a copier sales person to do? I knew I could get priced out with those two devices, the client was looking for refurbished, and I was not happy with my devices.  I got creative, and I have done this in the past.

Keep in mind, that at this point in the sales year for me it's about revenue, hitting my revenue levels will pay me what I want. 

I sent a price list over for three devices, two of the pre-owned/spotlight copiers and a price for a new system.  With that new system, I stated we only had one, and that system was on a special price because of a lost order (never mentioned the system was new, I labeled it as lost order copier).  Ok, I know, there was no lost order, however I needed to create urgency in the sales process, and wanted to close this order up ASAP.

Later in the day, I had an email that they were interested in the "lost" order A3 black copier. But, asked if I could lower the price.  Ok, I'm not going to email a response, but I will make the call.  Once on the phone with the DM, I stated if they ordered today, I could save them $50.  I was then told that, "we were hoping for something more substantial". With that statement, I dropped back to my value points and make it clear that they were buying a brand new system, because the copier was never delivered. A minute later we had a deal, 30 minutes later I had a signed order doc and a copy of the check.  Not a big deal, but it was one of the orders that I wanted to process today.

I've got one more order that may close tomorrow for two devices. Not a biggie, but it would be nice to get the order on the last day of the month.

Amount Sold Today = $3K

Total Revenue to Date = $106.5K

New Opportunities Created Today= $0K

Total New Opportunities Created = $239K

Revenue Required to hit 200K Goal = $93.5K

Lost Opportunity Today = None

-=Good Selling=-

57 Days of Selling "Day 34"

I just finished working a few minutes ago. 

After dinner I received an email from one of my opps telling me the model number of the Canon device I'm competing against. Thus, I needed to address this tonight, because I want to spend as much time as possible prospecting tomorrow. I'm thinking most people that I contact tomorrow will be in good spirits since Thanksgiving is right around the corner. I'm going to make sure that I convey this for my opening statement to the gate keeper, "Are you already for a few days off?"  I'm sure most will answer with resounding "yes"!

Back to that Canon thing. This opportunity got hot late Friday, and this morning I had to crunch some numbers to stay competitive.  I had to email those numbers over in the AM.  Later in the day, I made my follow up call and found out that the DM did not have the chance to review the proposal nor tell me the model number of the Canon I was competing against.

At one point in the conversation when I asked for the model number, I was told that the system would copy and print letter and legal.  I caught this and asked what about ledger size, the DM was not sure if the Canon supported ledger and then was not sure that they wanted ledger size paper or not.  Just like that all of the preparation and homework could be out the window.  I then stated, "ok, understood, let me get you some pricing for a device that does not have 11x17.

Thus, I spent the next hour cursing and saying WTF's because none of my A4 devices can embed a stapler.  Of course, there was a Canon model that could.  Thus, I found a creative way to offer up one of my devices with a stapler (you can find out how I did that here, because I'm not sure if my comp is reading this).

Which leads me to tonight, after receiving the model numbers I checked out the specs and sure enough the devices were A3 black. Whew!  The last 45 minutes was spent making my own side by side analysis, when I was finished I sent that off the client at 10:15PM.

Today was riddled with emails from clients and admin.  I was able to schedule one appointment for next week, and scheduled my time in the demo room for those print samples that I need. In total, I didn't make many calls for prospecting, but I was able to whittle down a list of who I want to call over the next couple of days.

I have two days left in the month, tomorrow is dedicated to gathering appointments for next week. My goal is five. Wednesday a few more calls in the AM. I'm still hoping I can close another $10K or so for the month.

It's late, I'm out, got work in the AM.

Amount Sold Today = $0K

Total Revenue to Date = $103.5K

New Opportunities Created Today= $5K

Total New Opportunities Created = $239K

Revenue Required to hit 200K Goal = $96.5K

Lost Opportunity Today = None

-=Good Selling=-

57 Days of Selling "Day 33"

It's Friday!!  Even better, it's the Friday before Thanksgiving!

Since I closed a decent order yesterday, my goal for today was to "wait for the ball to come to me".  That's a term that I use to sit back and see what develops with the existing opportunities that I have working. It does not mean that I would stop prospecting.

First order of the day was to process the order I received yesterday that had each device going to different locations.  The next order was to update all of my opportunities and have a plan for the next step with them.  I'm thinking Monday, and Tuesday of this week will be dedicated to filling the appointment book for the first and second week of December. I also penciled in some time in the demo room to print some samples for one of my opportunities.  Wednesday is reserved for some on-site visits with three opportunities and a few visits to some of my accounts.

After finishing those tasks, I moved to the CRM and starting moving non closed opportunities to December, January & February.  I also took at look at leases that were coming due in the next six months.   I was able to pick off a few accounts that I think I might have a chance with an upgrade and one account other account that is ripe for IT services.

I had a couple of calls to follow up on, and my plan for the rest of the day was CCMWH.  Don't know what CCMWH is?  Cold Call My Way Home.

I picked out a few accounts that I want to cold call that are on my way home.  By 4:30 I'm performing my last stop which is maybe a few miles from home.

Nothing much happened with any of those calls, but I did receive a call from one of my opps that stated one of the other DM's got a price for a Canon device and it seems their price is much less than mine.  WTF, of course it is, you're an existing account and my paltry commissions on existing accounts means I need to keep my GP high!  Go figure, we all have a plan for net new business take downs, however NO plan to keep existing business.  You go steal my clients and I'll go steal yours and we're all happy, right?

Thus, with that call, I stalled a bit and stated I was on the road and I would get back to them Monday morning.  Oh well, back to pricing spreadsheet and see how much money I don't want to make.

One item that was on my mind today. I had a large account email me about a whopping $43 increase for a maintenance supply agreement.  The device is very old and warrants the increase or does it?

I can remember with my dealership that when copiers got to the age of seven years old, we would not increase the cost of the agreement, rather we would only offer a labor only agreement and no parts.  This helped our relationship because we were not increasing the cost, made the client think twice about upgrading the system and put the risk on the customer. 

Just curious, is anyone doing this anymore?  If not, what comes around goes around and maybe it's time to bring this back. Please tell me in the comment section.

Amount Sold Today = $0K

Total Revenue to Date = $103.5K

New Opportunities Created Today= $0K

Total New Opportunities Created = $234K

Revenue Required to hit 200K Goal = $96.5K

Lost Opportunity Today = None

-=Good Selling=-

57 Days of Selling "Day 32"

Yes, I had a late start today.  Been battling a head cold, sinus thing the last few days and it's been a little bit of a struggle to get going.

I had scheduled my own little technology refresher today with one of our reps from Ricoh.  I find more and more clients/prospects that are interested in printing from their smart phones.  Thus, I wanted to do a refresher with connecting the smart phone and running through some of the features.

1117160939When I arrived, my rep was waiting for me (my apologies John), and off to the demo room I went.  However, the plan was about to change!  John brought in one of the new Ricoh D2200 Interactive White Board

Woohoo, I love new technology!  The Ricoh D2200 is a portable 21 inch flat panel display, that has so many awesome features!  I saw immediate value for my wide format clients, they could place this white board next to a wide format device.  Then scan the document on the wide format MFP to a folder, then move to the Ricoh D2200, access that folder and import the scanned document. 

The real magic happens when you import the drawing, one imported you can annotate and perform markups with the scan and then save that file.   I'm actually going use this add value my current wide format devices and use it as a knock out feature against my competitors.  I included a link above and there's another here. MSRP is $3,110, lease would be about $60 bucks a month, mere peanuts for the amount of time that can be saved!

Later in the day I had top prepare documents for my 2PM appointment, that was the appointment I spoke about yesterday, where I wanted to follow up with the delivery of the a new A3 color MFP.  I had two goals, one was to complete the advanced training as I had promised and the other was to secure the order for two addition A3 45ppm color MFP's.  The training took about 90 minutes with five staffers, it could have ended sooner, however everyone still had to answer the phones and wait on clients that came in the door.

I spent about five minutes with the DM, went over both systems, and asked about delivery times (assume the order). I then stated, "it's my recommendation that we order these devices today in order to guarantee delivery before Christmas, is that something we can do today?"  The DM replied with a big fat, "yes".  I then handed the DM the bound order docs, each page was highlighted where signatures were needed.  Twenty minutes later I had the documents in hand.  I then spent an additional thirty minutes or so with the marketing person, where we reviewed the advanced color options that are available with the PCL 6 driver.

Two color devices in the books, revenue for both for $21K. That's a great afternoon! 

I'm thinking I have a shot to add another $4-6K tomorrow, we'll see how that pans out.  Thus, the plan for Monday, Tuesday and Wednesday of next week to prospect, prospect, and more prospected.

Amount Sold Today = $21.5K

Total Revenue to Date = $103.5K

New Opportunities Created Today= $0K

Total New Opportunities Created = $234K

Revenue Required to hit 200K Goal = $96.5K

Lost Opportunity = $8K (lost to .039 color & .0066 black, no increase for 36 months)

-=Good Selling=-

57 Days of Selling "Day 31"

One early appointment in the AM today, or some might call it a scheduled stop in.  The account had just purchased an A3 color device from me about a month ago. At that time they had expressed that they needed two more for additional offices. 

Over the last two weeks I  had placed a call and then a follow up email, but did not have a call back.  Since the new A3 device was ready for delivery I thought I would pay them a visit to make sure I'm there to help with training. 

The DM was not there, however I left word that I was there and wanted to schedule the training and I would call the DM later in the day.

Other than that appointment it was time to get to the office and work the phones and email to get a few more orders before the close of the month. As of today, I have 25% of the month left.  Twenty Five percent means that I need to  line up closing appointments within the next 72 hours, after that the odds of closing orders the last two days will be slim pickings. 

I have two decent opps that I have a chance of closing before the end of the year. Both are for wide format systems, and of those opps I've been chasing to set an appointment for the last seven weeks!  Every email and phone call in that time frame produced no appointments, however I was told to keep trying since they were interested.  The problem of not being able to schedule the appointment is that there are two DM's and they both need to be there. 

I made the call today, and connected with the Administrative Assistant and finally received an answer for scheduling the appointment.  I was advised that they've been so busy and with the upcoming Holiday's that they wanted to put off the appointment until after the New Year.  I exclaimed that the reason to meet now was that there are special promo's for the end of the year. With that the Administrative Assistant stated I understand the "pitch". Then thinking to myself what "pitch", your payments are high, you're close to the end of the lease and you hate the current vendor!  I then stated thank you very much and stated Thank you!

I was fuming, not because the appointment was put off, but that I spend the better part of seven weeks following up to schedule the appointment.  It happens right?  Right after Thanksgiving, I'm going to spend $50 and send them something for the Holiday's.  Come January 1st, my price is going up because it seems that they don't need to save that much moola.

Later in the day I was able to connect with the account that I met with in the AM. I scheduled the training and also stated I'll be delivering the documents for the two new A3 color devices so we can get them ordered.  No push back from them.  Thus, I'm assuming the order, preparing the docs in the AM and hope to close that order tomorrow.

On the way home, I had an order doc emailed to me for some small IT stuff. 

With all of the calls, all of the emails, and all of the open opps, as of right now, I'm sure where the December business is coming from.  That's not a bad thing, and that can be corrected by stepping up the prospecting efforts.

Amount Sold Today = $2K

Total Revenue to Date = $82K

New Opportunities Created Today= $0K

Total New Opportunities Created = $234K

Revenue Required $136K

-=Good Selling=-

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