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differentiate job Leadership Lesson

7 phrases that you must immediately replace in your sales conversations

by Rajesh Soundararajan https://in.linkedin.com/in/rajeshsound

Sales conversations

When it comes to selling, the words we choose can significantly affect the outcome. While some words or phrases may seem harmless, they can be interpreted negatively by potential customers and ultimately hurt the sale. Here are seven phrases that should immediately be replaced in your sales conversations:

  • Replace Policy with the Process
  • Replace Cheap with Great Value
  • Replace Pitch with Presentation
  • Replace the Contract with the Agreement
  • Replace Fee with Investment
  • Replace ‘Let me tell you with ‘Let me share with you.”
  • Replace ‘our product is incredible’ with our ‘other customers realised these benefits.’

Here I explain why?

  1. Replace policy with process: Instead of referring to a “policy” in your sales conversations, you should use the word “process” instead. While “policy” can make people feel like they’re being constrained, “process” suggests that there’s an orderly and organised way to get to the desired outcome.
  2. Replace cheap with great value: You should never refer to your product or service as “cheap” in a sales conversation. Instead, focus on the value it brings to the customer. Describe it as “a great value” or “an excellent investment”.
  3. Replace pitch with presentation: It’s important to avoid using the word “pitch” in a sales conversation. A “pitch” suggests that you’re trying to pressure the customer into buying, but a “presentation”, on the other hand, implies that the customer will be given a chance to ask questions and provide feedback.
  4. Replace Contract with Agreement – Contract has a negative connotation and can create a sense of rigidity that could turn potential customers away. On the other hand, Agreement has a more positive connotation and suggests that both parties are willing to work together to create a mutually beneficial situation.
  5. Replace Fee with Investment – Fee has a negative connotation and suggests that the customer is just paying for something without any return. On the other hand, Investment indicates that the customer is investing in something that will yield a return in the future.
  6. Replace “Let me tell you” with “Let me share with you” – The phrase “Let me tell you” can come across as overly authoritative and can make potential customers feel like they are being lectured. Replacing it with “Let me share with you” shows that you are cooperative and willing to work together to find the best solution.
  7. Replace “our product is awesome” with “other customers realised these benefits” – Touting your own product as excellent can quickly be perceived as boastful and can come off as self-serving. Instead, focus on how other customers have benefited from your product and how it has improved their lives.

The above article outlined seven phrases that should be avoided in sales conversations to ensure a successful outcome.

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Leadership Lesson

Want to become better at your job? Follow these 3 things. [A beginner’s guide]

I addressed a group of young people in their early twenties and in their first jobs, on building their careers.

During the conversations, when asked about how they were contributing to the company’s success, most said they were not aware of the management team’s plans, and that I should ask their super bosses.

The same week, I met a few more mid-level managers who had decent experience and were reasonably good in their functions and jobs. I curiously asked them again how they were contributing to the company’s success. Again, the answer was almost similar to what the rookies in the first jobs said.

In both cases, this is what I shared with them, and I thought it would be worthwhile to share in this post –

All businesses need three things.

  1. Revenue maximization
  2. Profit maximization
  3. Operational excellence

Everything and anything that you do as a business or in your job will fall under one of these things. All functions – sales, marketing, finance, technology, operations, customer support, or human resources – focus on one more of the above three. That is the purpose of their existence.

So, if you are the CEO, a rookie, or a mid-level manager, when you wake up every morning, you can ask yourself these questions (or similar) and work towards them during the day.

The questions you may ask each morning?

  1. What are my revenue sources?
  2. How can I increase my sales?
  3. How can I add more customers/ partners ?
  4. How can I go into new markets?
  5. How can I increase my profits?
  6. How can I reduce the costs of my operations?
  7. How can I do more with less?
  8. How can I build efficiency when to all the things that I do?
  9. How can I build effectiveness into all the things that I do? Can I do something better or find a new way to begin things that can help me become faster, cheaper, or better.

Revenue maximization

  • How can I get closer to my customer/ partner?
  • How can I address my partners/ customer’s unsolved problem?
  • How can I get more share out of the customer’s wallet?
  • How can I increase the sales?
  • How can I get into new markets?
  • How can I get new customers’ questions?

Profit maximization

  • What can I do to cut costs?
  • What can I do to increase profits?
  • What can I do to play better with the pricing?
  • How much should I increase the product’s price to bring in 25% more in absolute profits?
  • How much will a decrease of 5% in the selling price affect my profits in absolute terms?

Operational excellence

  • How can I build efficiency and effectiveness in the system?
  • How can I hire better people?
  • How can I write a more efficient code?
  • What technology or framework should I deploy to give better response time to my users?
  • How can I motivate people so that they deliver their best every day?
  • What can I do play build a culture of continuous improvement in the organization?
  • What can I do to improvise on a current way of doing things so that I can increase more sales or get into new markets?