Jeffrey Gitomer: The Sales Bible Book Summary

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The new rules of selling

Say it (sell it) in terms of what the customers wants, needs, and understands (not in terms of what you’ve got to offer)
Gather personal information (and learn how to use it)
Build friendships (people want to buy from friends, not salesmen)
Build a relationship shield that no competitor can pierce
Establish common ground (issues and things in common will draw us closer)
Gain confidence (once you have motivated them to act, you’d better have built enough confidence to buy, or they’ll buy from someone else)
Have fun and be funny (laughter is tacit approval which leads to contractual approval)
Never get caught selling – sound like a friend who is trying to help
The best sales people have the best attitude, best product knowledge, give the best service

How the customer wants to be treated

Just give me the facts, I don’t want a long, drawn-out spiel. After you get to know me a little, get to the point
Give me a good reason why this product/service is perfect for me
Show me I’m not alone. Tell me about a similar situation where someone like me succeeded
Show me a letter from a satisfied customer
Listen to me when I talk – I’m trying to tell you what I want to buy, and you’re too busy trying to sell me what you’ve got. Shut up and listen

How to find the hot button, ask questions about:

Status and situation (vacation, kids college, business status, history)
Pride (biggest success in business, biggest goal this year)
Personal interests (free time activities, sports, hobbies)
What should he do if he didn’t have to work – real dreams and ambitions
Goals – objective for the company this year, plan to meet that objective, what’s the biggest barrier in the way?
Look at everything in the office of interest – the bigger, more prominent the better

How to ask a Power Question

Make a factual statement that can’t be refuted
Make a personal observation that reflects your experience and creates credibility
Ask an open-ended question that incorporates the first 2 stages

Eg:

You know, Mr. Jones, document processing is an integral part of the operation of any business
My experience has shown me that many business fail to put enough emphasis on the quality and cost control of their documents. They fail to realise that every time a copy is sent to a customer, it reflects the image and quality of their business
How are you ensuring that the quality of your copies reflects the quality of your business?

How to make Power Statements

The objective is to persuade and motivate the prospect or customer to act.
Just think of what will benefit the customer.
Not a boring description, but a vivid, energetic, benefit filled picture that has the prospect wanting more
Power statements are memorable opening lines
Mindset:
- Don’t’ sell drill bits – sell the perfectly smooth holes they create
- Don’t’ sell printing – sell brochures that will reflect your prospects image and impact sales
- Don’t sell cars – sell prestige and status and smooth ride
- Don’t sell insurance – sell safe, financially secure families protected from tragedy
- Don’t sell eyeglasses – sell better vision and a stylish look

How to write a 30 second personal commercial

State who you are
State who your company is
Creatively tell what you do
Ask one or a series of Power Questions
Make a Power Statement that shows how you can help others
End with why the prospect should act now

How to cold call door-to-door

Hi, my name is Sheldon and I was wondering if you could help me [everyone wants to help]. I want to leave some information about [my product/service]. Who decides on that type of thing?

Great, now I know the decision maker, time to double qualify “What would his position be?” “Is there anyone else he works with on this type of decision?” If I get questioned: “We usually mail two packages of information if there are two people involved in the decision”

Bold move time: “I’m leaving this information and a note for him. I wonder if I could get his card?”

“When would be the best time to call him?”

“Thank you so much for helping me. I really appreciate it. What was your name?” “Thank you [name].”

How NOT to follow up by phone

Don’t ask “did you get the information I sent you?”. Say this instead: “I’m calling about the information I sent. It wasn’t completely self-explanatory, and I’d like an opportunity to discuss it with you personally for about 5 to 10 minutes.”

Weak, door-closing opening lines:

Could I have a few minutes of your time?
I was wondering if maybe you would be interested in…
Is the boss in?
I have an idea that can save you money.

Strong, effective opening lines

I need your help
I know you actually run the place, but could I speak to the person who thinks they do?
Is the king in?
I need a loan for $50,000. I wonder if you could help me
I was just next door with ____, and she thought I might be able to help you the same way I helped her company
(In summer on a scorching day) I just friend an egg on my car and was wondering if you have any salt and pepper?

How to make a cold call hot: Focus on negative prevention.

Get them to share what dissatisfies them. Motivate them to show discontent with their current situation. Tell them how they’ll safeguard profits, eliminate worry, overcome fear and avoid the terror of customer complaints. Prospects are just as motivated to avoid losing something they already have as they are to buy something new.

How to deal with objections

Listen carefully, let the prospect talk it out completely
No matter what, agree at first (to avoid an argument)
Ask if it is the only reason he or she won’t purchase
Confirm it by rephrasing “In other words, if it wasn’t for ____, you’d buy my service. Is that true, Mr Jones?”
Qualify the objection to set up the close “So if I were able to ___, would that be enough for you to make a decision?” or “Would you buy it from me now if the price were lower?”
Resolve the issue
Ask a closing question
Confirm the answer and the sale (“when do you want it delivered?”)

When you answer a prospect’s question, avoid two words – “yes” and “now”

“Do you have this model?” “Yes.” Mistake!
Instead, use the prospects question to confirm the sale:
“Do you have this model?” “Is this the model you want?” or “How soon can someone be here?” “How soon do you need someone here?”

Classic technique to use when leaving voicemail

Leave a partial message that includes your name and number, then pretend to get cut off in mid sentence as you’re getting to the important part of the message. Cut it off in mid word. It works because the prospect can’t stand not knowing the rest of the information or thinks his voice mail is broken.
Eg: “… they were talking about you and said…” “…I found your…” “…your competition said…”

More Tips

Customers and prospects always havetime for valuable information and new ideas to help them build their business.Does your customer need another brochure or would they rather have a hot saleslead? Send them a newspaper or magazine article about theirbusiness. Send them something about their competition.
With existing customers, give areferral a month, get a referral a month
The most effective sales call is 25%questioning/talking and 75% listening
Don’t focus on how much money you cansave them. That approach seems to be wearing thin
Tip for sales letter: State yourobjective or purpose of your letter in the first sentence. Use headline orsubhead