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The Contrarian Effect, a new book by Michael Port and Elizabeth Marshall is hot off the presses. The premise of the book is that it pays (BIG) to do the opposite of typical sales advice. The shift in the marketplace to conversational, customer-focused communications makes this book a timely discussion for sales professionals. In fact, in an AMA webinar today, research was disclosed that says only 7% of people actually believe advertising. And, in a world where 81% of people go online to research what they buy prior to doing so, salespeople have a tougher- |
than-ever challenge to connect with potential customers.
The book begins with a history of selling processes including those developed by John Patterson of NCR. "Patterson believed that, 'to succeed in business, it is necesary to make others see things as you see them.'" NCR was found guilty of violating anti-trust laws in 1913. But the foundation of deceptive sales practices was set.
Surprisingly, according to the authors, many sales techniques are still premised on the practices developed by NCR - hence the guilty until proven innocent mindset salespeople encounter more frequently today. However, these tactice don't work anymore, and there are 8 reasons why not. These include:
- customers find you and initiate the buying process
- customers control how you communicate with them
- choice and information access are unlimited
- customers look for you in new ways
- they want personalized relevant and valuable offers
- customers decide when they want to buy--not salespeople
- customers demand respect
- customers don't trust until you prove worthy
Your customers are exposed to "over 5,000 ads, sales pitches and marketing messages each day." Because of this overload their attention spans are diminished, and their filters have become finely tuned. This also means that things shift with increasing speed and "what was relevant last month (or last week) is not necessarily relevant today."
In order to combat this shift in prospect perceptions and attitudes, the authors suggest that salespeople embrace "contrarian strategies." A couple of them are:
- adopting a keep-in-touch (nurturing) strategy rather than always trying to close the sale.
- building longer term relationships by adding value and building a referral base - instead of going for the short-term, sales-by-numbers approach.
The book includes a lot of real world examples of how the old ways of selling are not working, as well as how the new ways are. And, as everyone in sales knows, changing the status quo is difficult. So salespeople who still have some successful outcomes still cling to the old ways instead of taking advantage of the improved results made possible by shifting to meet the needs of potential customers.
The authors further explore the nature of personalization and the "public of one" and the need to focus on obtaining more of your ideal customers, not just any customer. They explore a variety of concepts that I agree are very important for salespeople who recognize the need to embrace the shifts occuring in the selling environment.
Although the principles the authors embrace are not original, the ways they discuss them and the examples they use to show them in action are worth a read to help wrap your mind about what they look like in action. Did I say change is tough, already?
By reading this book, you will also gain some insight about the levels of success you can achieve by applying contrarian stratagies to your sales efforts and eliminating the stigma of the old ways of selling. You can download chapter one on The Contrarian Effect website.