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Transfer of Confidence is born

Transfer of Confidence:

When you sat down, you transferred confidence into your chair, trusting that it would support you. Without a transfer of confidence, no one makes a sale, spends time with a friend, gets a date, trusts a Deity, or even gets out of bed. For our purposes here, we will explore specifically how to achieve a transfer of confidence in order to make a sale.

Scott is a VP of Consumer Marketing for the largest and fastest growing on-line legal services company in the world. He buys ad space and plans the message. Dan sells radio ad space to local businesses and then plans the message. Both come from unique perspectives, and both want to answer the same question: How do I get people to trust what I am saying? In this blog, we explore anything that gets us closer to understanding what exactly will produce a transfer of confidence.

Personal disclaimer from hell.

What do people think of this? Offputting? Offputting but intriguing and successful?

*Personal Disclaimer: Dan Granger makes no guarantee of small talk, standard pleasantries, or encouraging cliché’s as you might be used to experiencing with other sales reps. When dealing with Dan Granger, you may experience brutal honesty, flaring intensity, and passionate discourse. If you need flattery, handholding, or unfounded optimism, it is best not to work with Dan Granger. He is too preoccupied with creating strategies to make his clients wildly successful to engage in idle chitchat. Try not to take it personally.

Sales cover sins

“Sales cover a multitude of sins.” -Dan

When you are over budget by 10%, you are untouchable. Fall behind for a few months, and the world is a scary place. Your clients will also gladly overlook any shortcoming, provided you are making their cash register ring.

Take away their ammo

Call it out:

There are lots of barriers between you and the confidence of your prospect. It either starts in your mind or hers. She things you’re too expensive, you think your product line is too narrow, you get the point. Whatever it is, doubt is going to kill your deal if you don’t diffuse it. And the earlier you diffuse the better.

But when you call it out, it disarms them. If it’s real, you’ve already taken away the ammo they could use against you. If it’s not real, you have a chance to defend yourself. But you can’t defend yourself against an enemy if you you’re not sure that it exists, so don’t be afraid to ask.

One quick disclaimer: Once you call it out, move on immediately. If you dwell too long, you’ll come across as obsessed with your own weakness, and that will cost you more confidence than you can afford.

I’ll give you two examples. The first in one-on-one selling, the second is for advertising.

Here’s a sales piece I recently created to diffuse all the excuses I hear at decision time. It’s called the “I have to think about it checklist”.

Here’s the set up; we have identified the prospect’s budget, and picked a day that I will present a proposal. I present this list BEFORE we confirm the time in which I present the proposal. It goes as follows:

“I’ll Have to Think About it” Checklist

Please review each of the following statements and make sure we address any of these issues before our next meeting.

• “I never make decisions on the spot”

• “I still need you to find out about (blank) for me”

• “I still have to talk this over with (blank)”

• “I have to shop around a little to make sure I’m getting a fair price”

• “This is a lot of information… I need time to take it all in and digest”

• “We’re putting this whole radio idea on the backburner”

• “I need to listen to the station first”

• “This is more money than I wanted to spend and other things are a higher priority”

• “I have to figure out how to rearrange some things in our budget”

• “I really just needed your rates to negotiate with my current vendor”

• “By the way, did you know I have an ad agency?”

I expect a “yes” or “no” answer to my proposal at our next meeting. If anything might keep us from reaching a “yes” or “no”, please discuss that with me prior to the meeting.

This strategy is new, but it has already made me money. I suggest adapting it to fit your sales system, pasting in the most common excuses you hear from your prospects.

FYI: Everything you read on this web site is my intellectual property. So if you plan to use it, you would be wise to credit me on the piece.

Now for the advertising example. This is a while back that was immediately successful. Another disclaimer: I was a very bad boy and broke some of my own rules in this spot (ie. short term promotions). Naturally, the short-term part of it came back to bite me. I advise strongly against such a strategy.

The part of this ad I’m proud of is the positioning strategy: I had a client with good prices, but an ugly showroom. To avoid disappointing customers with its appearance, we ran the following:

At Michael’s furniture we have gorgeous products for your home, but our building is just plain ugly. This is Mattress Mike, owner of Michael’s Furniture. Our awkward showroom is the eye sore of Van Nuys. Even the furniture gets embarrased. But our ugly showroom is the reason we offer the world’s finest furniture at the lowest prices! So come to Michael’s in Van Nuys this week for our Labor Day Tent sale and get a free 5×8 area rug with any purchase… a $200 value. Part of the proceeds will be given to Jerry’s Kids. Visit Michaelsfurniture.net or call 818.904.9414.

Bottom Line: Identify anything stands between you and the confidence of your prospect. Get it all on the table now, and it probably won’t get you later.

Can honesty work in radio sales?

From: Granger, Daniel
Sent: Monday, April 24, 2006 10:54 AM
To: Y
Subject: RE: On air giveaway

Y,

You seem to be a very kind person, so i want to take the time to offer some thoughts that might help you. If your Executive Director believes that the world operates in such a way that all “non-profits” get free exposure, then your Executive Director is an idiot. Some of our highest spending advertisers are non-profits. That is virtually meaningless. Everyone is a non-profit.

I’m sure your Executive Director believes that this film festival will change the planet and bring about world peace, but because you seem to have good intentions, i will level with you. You will be better off leaving this organization immediately and working for someone that has a better grip on reality. Even if this festival is the greatest cause on earth, it can not be successful with someone so naive at the helm. And i mean that in the nicest possible way.

Take that for whatever it’s worth and good luck.

dg
Dear Daniel,

For your information, this is the Executive Director, X. I guess Y has the habit of speaking behind our backs which, we find quite disturbing. I have not received a proposal at this time from you, ever, nor am I an idiot. I am forwarding this e-mail to our Board President so he can see how someone (Y) represents us, whom we have loved and trusted and paid very well.

I hope that you will forward any proposal to me personally at X@aol.com.

Regarding Free Advertising: We did advise Lee that we would not be purchasing much Radio advertising this year because we have a giveaway package that includes airfare, hotel, and an all access pass that is valued at $400 which includes an iPOD.

It looks like she may not have informed you of this.

Thank you for your time Daniel….and Y, you might want to call me.

All the best,
X

Then I said,

From: “Granger, Daniel”
Date: Thu, 27 Apr 2006 09:47:39 -0500
To: X
Cc: X’s people
Conversation: On air giveaway
Subject: RE: On air giveaway

Dear X,

For the record, Y did inform me about the giveaway package. I do not believe Y was as disloyal as my last response may have suggested. My harsh response was directed at the notion that non-profits are entitled to free media exposure. Obviously, my job is to sell it, not find ways to give it away. It appears that i misunderstood your perception of what a non-profit should expect from media outlets, and i apologize for being so harsh. We can all agree that you are not an idiot.

Regarding the Project, after further consideration of what you are trying to achieve, and given the size of budget you may be dealing with (Y mentioned that $2,000 might be a best case scenario), i believe it is in your best interest to look into another station.

I suggest you consider Progressive Talk AM 1150. They can be far more accomodating on rates, and their audience may allow more strategic qualitative targeting. I have copied an Account Executive for KTLK on this e-mail. He is an industry vet and specializes on that station. He will get in touch with you and, I believe, have more to offer than i in getting you closer to your goal.

Sorry for stirring up unnecessary controversy. Good luck with your event!

Regards,

dg

Now they won’t let me off the hook. They insist I present a proposal to them. Are they gluttons for punishment? Or are they just tired of trusting people that don’t seem to live within the identifiable laws that govern the universe?