Last Impressions Generate Repeat Business
I can still hear my high school office practice teacher, Mr. Kimball, saying, “You only get one chance to make a first impression.” If you knew how far back that was, you’d be impressed with my memory. There isn’t a sales person breathing that would disagree with Mr.Kimball. You pick up the phone; dial and you have about thirty seconds to make a first impression that will garner you a second conversation.
Being the professional that you are, you are prepared, you’re in the zone, and you score the coveted invite to a second conversation; that’s great. Now what? Now is the time to start thinking about what your last impression will be. The fact is, when all is said and done you will be remembered for one of two things; the problems you solve, or the problems you create. Closing a deal is one thing, but getting the yearly renewals is another.
The Call Where You Heard, “No Thanks.”
- Was there any pre-call research?
- Could your call script be better; your tone of voice more confident?
- Did you call the right person; someone with the authority to invite a second call?
- Did you push for a sale instead of a second call?
- Were you able to separate them from the last “no thanks” you got?
- Did you offer them something helpful?
- Did you assume you had all the answers rather than listen for their need?
- Were you respectful of their time?
- Did you leave yourself available in the event they reconsider?
- Did you leave a quality last impression?
The Renewal You Didn’t Get
- Did you give your client a reason to renew?
- Did you give them reason not to renew?
- Did your product update to stay current with the needs of the buyers?
- How was your after-purchase service?
- Did you foster a business relationship that had the ability to grow?
- Did you keep your product competitively priced?
The only bad mistake is the one you don’t learn anything from; the one you repeat. When something doesn’t work, make time to figure out why. Life is supposed to be a learning experience. Turn “no thank-you” into revenue by using it to make you better at what you do.
Make or Break Practices
Deal Breaker: False promises about your product’s capability.
Renewal: Be upfront about what your product can and can’t do. Customers rarely expect all or nothing. If your product is a fit for them, they will be content with knowing that their suggestions will be considered for future updates.
Deal Breaker: Hidden costs.
Renewal: No surprises. Present a contract that puts every cost in plain view, before the deal is closed.
Deal Breaker: Failing to call when you say you will. Slow response when a message is left. Being unreachable.
Renewal: You are accessible. You promptly return calls. You follow through with your promises to call on a particular date, at a set time. If something truly unavoidable gets in the way, make amends – starting with an apology.
Deal Breaker: Giving insufficient training on the use of your product will lead to buyer’s remorse.
Renewal: Thorough, patient training in the use of your product where you invite all questions, arrange hands-on learning time, and work through the customizing of your product with the customer – until they are both satisfied and comfortable.
Deal Breaker: Once they pay the bill consider your job done.
Renewal: Regular monitoring during the trial periods, and an open line of communication that spans the years you maintain the business relationship will prove to be worth the effort.
Deal Breaker: Failure to keep your customer’s business confidential.
Renewal: Unflinchingly protect every confidence; no exceptions; no excuses.
Best Practice : Aim for more than a sale; aim for a long-term business relationship. Never forget that whether you are remembered for solving problems or creating them – your customers will spread the word. Make sure your last impression, be it at the end of a phone call, or the end of a subscription, is one that you can be proud of.