What is the Value? Where is the Value? Who Perceives the Value?

You have been making value perceptions and value judgments your entire life.

You may call them decisions, moments of truth, or actions. Intuitively they focus around value – and your perception of it – or the weight you put toward it as these decisions or actions are taken or made.

It’s the same in sales, but in the selling process there are two values of perception and two value judgments. One is the value perception and judgment you make, and the other is the value perception and judgment the customer makes.
Obviously the customer’s value judgment and perception rules the selling process. However, you, the salesperson, have a major impact on how the value is perceived and ultimately how their judgment is made.

Your value judgments come from:

  • How you feel about your company.
  • How you feel about your product.
  • How you feel about yourself.
  • How you feel about the customer and their buying process.

You’ve placed a value on yourself that reflects in your selling skills, your attitude, your belief system, your truthfulness, and your ethics. If you are willing to compromise any of those, you’ll never be a successful salesperson in the long term.

That’s you.

And then there is the customer. Whether they’re an existing customer or a prospect, they’re making all kinds of value judgments about you, your product, and your company – in that order.

Much of their judgment about you is being made during the presentation itself, but as the digital age progresses many of these perceptions and judgments are made way before you (the salesperson) enter the scene.

These days, Mother Google can create preconceived value notions that don’t simply revolve around your product or your price; that’s just one part of the equation. Your personal reputation and your company’s reputation play a major role in the customer’s perception and judgment of value.

MAJOR UPSIDE-DOWN CLUE: Every salesperson uses Google to find more information about the company and the person they are going to meet. That same salesperson NEVER takes the same amount of time to Google themselves to see what the potential customer is finding out about them.

It’s a major mystery to me why salespeople still believe they are invisible. Meanwhile, your reputation (and/or lack of it) is totally available to the customer way before you ever enter their office.

The majority of salespeople, most likely including you:

  • Do not have a business Facebook page.
  • Have never tweeted.
  • Do not have a personal website.
  • Do not have a blog.
  • Do not have a YouTube channel.
  • Have less than 500 LinkedIn connections.

What could they (you) be thinking?

It will take your prospective or existing customers less than one minute to do a complete Internet search on you, and it’s most likely you have never done one on yourself. Your sales hang in the balance.

WRONG THINKING: People with no internet presence, people with no brand presence, and people with little personal reputation will all make the feeble excuse that the customer is only buying price anyway. They (you) are foolishly incorrect.

If your customer is looking to make a value judgment before you arrive, what are they going to find?

NOTE WELL: If a customer is looking to make a value judgment or value perception during your presentation, a good portion of that will occur way before the presentation takes place.

I’ve just given you a re-definition of the word “value” by adding the words perceived (perception) and judgment. These are the words your customer mentally uses as he or she is deciding.

Notice I have not used the words “add” or “added” when referring to the word value, nor will I ever.

Your biggest job as a salesperson is to create you own value and reputation in the marketplace, so that when your prospective customer is looking for information about you, it will credibly be there.

I have listed the value-based elements you need to succeed. I am challenging you that you probably don’t have them, and now it’s time for you to make your own value judgment if it is worth the investment of time to create them.

In my opinion it’s not an option, it’s an imperative. Show me the value, and I’ll give you the sale.

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The Social Revolution and Your Evolution.

The social revolution has changed the way you sell forever. Only problem is, most salespeople have no idea of that – YET!

As business social media evolves and matures, all salespeople, executives, and entrepreneurs will expose themselves for who they are and who they aren’t WAY BEFORE a sales call or sales meeting of any kind takes place.

Think about the impact of that.

I’m gonna Google YOU. I’m gonna Facebook YOU. I’m gonna find you on LinkedIn. I’m gonna look you up on Twitter. I’m gonna search you on YouTube.

Feel a little overwhelmed? That’s because you’ve been asleep at the wheel waiting for the economy to “rebound.” Or you think the internet is about your company, not you. Or you’re waiting for your attorneys to figure out a “corporate plan” for social media, while your competition KICKS YOUR ASS.

Here are a few things you should do, and can do – that if you don’t do, you’ll be “doo doo”:

• Look at your competition and their people. Study their online presence and their social media presence. • Talk to your customers IN DEPTH. Find out what they would consider valuable to know, and make a plan to deliver that information, whether it pertains to your sales or not. HINT: If you provide valuable information, it directly pertains to your relationship, and their loyalty to you.

• Allocate more of your time to learning what you don’t know about “online.”

At least an hour a day. If you’re behind by your competition’s standards, that’s one issue; but if you’re behind by your customer’s needs, that’s THE issue. If you don’t know what to do, start studying, and start getting involved. • Set achievable goals and measure your results. Start with LinkedIn. Get 200 connections and expand your network from there. Create a few videos on YouTube that feature your customers talking about how great you are.

• Communicate value messages, not product offerings. The purpose of your presence online is not just to sell, it’s also to attract people who want to buy. Especially on social media. • Seek professional help, BUT BEWARE. Get personal one-on-one references BEFORE you spend a dime. There are a lot of people who can help you, but many more who CLAIM they can, but cannot.

Waiting is more expensive than starting. Whatever you budget for online and/or social media presence, it’s cheap compared to doing nothing while others pass you by.

Social media is not going away. My bet is that your business social media presence is lacking. And there is not one good reason for it, other than your foresight is limited by your insight.

Hopefully this will help you kick-start what you’re doing online – especially your social media participation – so you’ll have no regrets (also known as hindsight).

Tweet that.

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Jeffrey Gitomer on Social Media

Social media is the new cold call, and you’re still out there banging on doors. gitomer

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Jeffrey Gitomer’s Thought on Risk Taking.

No Connection is made without some form of risk. Risk is an integral part of success. Have you ever taken a risk and succeeded? Didn’t it seem like less of a risk after the event was over than before you were willing to take it?

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What should I tweet, what should I post, how should I link?

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TODAY’S REALITY: Do everything you can to use business social media to build brand, image, reputation, and perceived value with your customers and your business community.

YOUR CHALLENGE: Send messages that your customers perceive as valuable to them. Messages so valuable that they will tell others.

BUSINESS SOCIAL MEDIA REALITY: It’s not about tweeting; it’s about being re-tweeted. It’s not about finding someone on LinkedIn; it’s about them finding you, and wanting to connect. It’s not about searching out someone on Facebook; it’s about someone finding your business Facebook Page and “liking” it. It’s not about posting a video on YouTube; it’s about someone sending your video to someone else.

“But Jeffrey,” you whine, “How do I know what’s most important or most valuable to MY customers?”

THINK: What will help your customers produce more, profit more, understand what’s brand new in the market, improve morale, improve attitude, and/or improve their life. Then write about it, tweet about it, and post on Facebook about it.

MAJOR CLUE: Many people tweet or post something someone else said. WRONG. It’s not what somebody else says that is meaningful to your position as a person of value in business social media; it’s what you say, what you think, what you have experienced, and what you believe to be true.

MAJOR CLUE: Quote yourself, not Benjamin Franklin. It’s tempting to quote Benjamin Franklin, but it will not build your value in the eyes of your customer.

DO THIS: If you sell toilets, then you have to talk about plumbing. If you sell insurance, then you have to talk about protection, or peace of mind. If you sell clothing, then you have to talk about fit and fashion. If you sell automobiles, then you have to talk about vacations and auto safety. If you sell real estate, then you have to talk about building equity, home repair, and front yard safety.

Want more on How to Master Business Social Media?

It’s A New Year!

Here are a couple things you should resolve to do in the coming year that will allow you (and me) to over succeed and over achieve:

1. Allocate your time in 30-minute segments. This gives you a full understanding of whether your time is being “spent” or “invested.

2. Take at least two of your allocated segments (one hour) and dedicate them to writing each day. Writing will clarify your thoughts, and help you find and solidify a clear (or clearer) direction.

3. Learn to use business social media by becoming actively involved. Build your reputation AND your personal brand.

4. Visit your top 10 customers before the month of January is over, and talk to them about why they do business with you, and what they’re looking to achieve in the coming year. Ask for (earn) business in January.

5. Make a secret list of the big things you are looking to accomplish over the next few years, not necessarily just this year. Maybe it’s to write a book, maybe travel to certain places, or maybe to get a bigger house. Whatever it is, write it down. Somehow written things become more solid in your mind that just thoughts.

5.5 Make plans to celebrate, not just achieve. I have found that celebrating an achievement confirms and affirms the reward in your mind. Not just “I did it,” but also, “I’m proud that I did it.” That celebration will lead you to the next.

So here we are, the day after New Years, and you are thinking, “Why is Gitomer giving me a cold slap in the face my first day back on the job?”

ANSWER: Someone has to…otherwise you may wait until February or March. (Further (gentle) slaps in the face will be available weekly in this publication or my weekly email magazine, Sales Caffeine.)

But between now, and then, and every day, I thank you for being my customer, and for your continued loyalty. Happy, healthy, wealthy New Year!

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Webinar Boot Camp: {Re•define} Yourself

December 10-14, 2012

Do not miss this.

Here’s the lineup:

  • Monday, December 10th
    Jeffrey Gitomer, Sales {Re•defined}
  • Tuesday, December 11th
    Darren Hardy, Productivity {Re•defined}
  • Wednesday, December 12th
    Lisa Sasevich, Closing {Re•defined}
  • Thursday, December 13th
    Mitch Joel, Social {Re•defined}
  • Friday, December 14th
    Jeffrey Gitomer, Q&A {Your Questions Answered}

*Spaces are limited to 1000 – Don’t Wait!





The Skills You Need To Be a True Leader

If you’re a boss, manager, or leader of some kind, listen up. This lesson will help you clarify the real-world skills you need to be a true leader. I’m talking about the leadership qualities needed to succeed: the action items, principles, and skills to employ so leadership works. So it works for you, your people, your customers, your vendors, and your company-in that order.

But there are degrees of leadership effectiveness. Your ability to master these leadership skills are in direct proportion to your ability to lead. If you’re looking for clarity, look no further than these skills:

Get your people to like you and believe in you. Hated leaders are eventually overthrown-or fired. If a hated leader cannot be fired, people will quit.

Make sure your people and their jobs are a “fit.” People need to feel comfortable about the tasks they are performing and the space they’re performing them in.

Let your people share their goals with you, then modify them together. When people set their own goals, they think they can achieve them.

Give your people specific tasks and clear direction. Make sure all employees know what they are responsible for and how to perform or carry out their responsibilities. And make sure they see the big picture and how their part fits into it.

Create an environment in which people love their work and their workplace. Make the workplace fun. Make sure employees can complete tasks with a sense of pride and satisfaction. Provide a GREAT and happy atmosphere to work in. Make the duty, task, or project challenging-without being oppressive or stressful.

Make sure all “money matters” are clear. Don’t mess with employees’ money. And worse, don’t reduce pay or commissions to cut costs. Pay fair, benefit well, and provide security. Otherwise people will leave.

Make sure paychecks are accurate. People count their money and count on it. Nothing dings morale more than messed up wages.

Encourage your people. The most effective leaders are coaches. They stand on the sidelines and cheer for their players. To encourage your people, buy everyone a copy of The Little Engine That Could.

Reward your people. It doesn’t have to be money; however, if you ask them what they want, money will always be their answer. Whatever you give them, don’t be cheap about it. Make them feel valued.

Praise your people. Praise hard work. Praise effort. Praise accomplishment. Often.

By your actions and your achievements-be their hero. If you want them to become dedicated players, your people need to see your dedication. If you are the one driving the train and making big things happen, you will become a hero to those who respect your ethics and accomplishments.

How’s that for a dose of clarity?

Of all your responsibilities, “social” is now in the top five

What is your social responsibility?

With the advent (or should I say onslaught) of social media and business social media, people are finally coming to their senses of what constitutes of social responsibility.

But few are willing to do the work – the hard work – that it takes to make an impact.

Social responsibility includes and transcends what you might know as “social media.”

But business social media is just the beginning of your social responsibility.

Business social media has brought you awareness:

  • That you are being viewed and judged by your associations and affiliations.
  • That you are being viewed and judged by your customers and prospective customers.
  • That you are being viewed and judged by your superiors and/or your peers.
  • That you are being judged by more than a billion people.

Yes, it’s important to have an active and pristine business social media presence…

  • A business Facebook page with more than 1,000 people who ‘like’ you.
  • A Twitter account with more than 500 followers – based of your consistent, value-based tweets on a daily basis that impact the thinking and success of your customers and prospects.
  • A LinkedIn account with more than 500 connections – based on the fact that your connections know you’ll be providing them with some sort of valuable information.
  • And, of course, a YouTube channel where you post short informational videos, training videos, and testimonial videos validating your authenticity as a value provider.

But what else are you doing to meet your social responsibility?

Are you offering any of your services to the community? Are you helping Habitat for Humanity build a house? Are you a Big Brothers Big Sisters volunteer? Or are you a big TV watcher and overeater?

Many people are members of some civic organization – Kiwanis, Rotary, Optimist, pessimist – but very few take on the responsibility of going to other clubs to deliver a free speech to spread their value message, thereby exhibiting their social responsibility.

But there is way more than that. Ten years ago I saw an opportunity to takesocial responsibility with my own email magazine, Sales Caffeine. Next week it reaches a milestone: over the past decade, 500 weekly, value-based email magazines have gone out to hundreds of millions of recipients.

I don’t think of it as a milestone of personal achievement. I consider it an execution and expression of social and personal responsibility.

I recognized that my customers and prospects were interested in sales information and I thought, “Why not send them my weekly writings?” So I did. And in a 10-year period of time my list has grown from 21,000 to 500,000 from one person forwarding to another who then became a subscriber and potential client.

By employing the process of social responsibility to its maximum, you also open the floodgates of sales, and the possibility of total strangers sending you money for more of your information.

Here are some specific examples of how you can employ social responsibility:

  • If you sold me clothing, are you sending me weekly fashion updates?
  • If you sold me real estate, are you sending me weekly home equity building updates?
  • If you sold me insurance, are you sending me weekly safety updates?
  • If you are my travel agent, are you telling me where I can drive to have a great weekend?

…Or are you still trying to sell me something I really don’t want to buy?

So let me re-ask the question: What is your social responsibility?

I’m asking you at the same time I’m challenging you.

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