I've recently heard a variety of comments about the economic climate and how stuff isn't selling:
- "Nobody is buying anymore."
- "Our customers are cutting back."
- "No one will take my call."
I'm sorry, but I cry BULL$#!+
All change -- especially big change -- is accompanied by huge sales opportunities. If, that is, you ignore the forest and seek the trees.
I started a residential remodeling company in 1978 -- the throws of the greatest recession since WWII ... until now. Imagine the roadblocks to starting a brand new remodeling company today, then add to those roadblocks the total lack of credibility of being only 18 years old when you started it.
That was the situation I faced, and here is how I thrived.
In the residential remodeling business, your best target customer is the husband and wife who buy a house right after getting married and fully intend to be carted from that house in a tandem body bag. These people upgrade their quality of life by changing their existing home repeatedly. Over a 30-year period they generally average one major remodel every five years. And if you do good work on the first job, you will be the only contractor they ever call.
These perfect customers, however, go immediately into hunker mode whenever the economy does a nose dive. They simply stop spending money on remodeling in favor of riding out the storm.
Had I not understood that (well, had Dad not understood it or not told me is more accurate), I'd have spent my days trying to sell to people who would absolutely not buy until the economy stabilized.
And I'd have found myself uttering the same dismal comments quoted above.
In the real estate business, your best target customer is the husband and wife who are visualizing their next home as they're buying the current one. These people love to upgrade their quality of life by moving every five years or so. But when the economy changes, they go into hunker-down mode when it comes to new home purchases, because they're afraid of trying to sell their existing home.
Both of these groups have one major thing in common when the economy falls -- they lose control of their ability to upgrade their quality of life in their normal fashion.
The lesson Dad taught me is this. Just because your current target customer isn't buying that doesn't mean a previously bad target customer won't start.
The lifetime homeowner still wants to increase their quality of life, but isn't prepared to do it through major remodeling. But that doesn't mean these people won't buy new furniture, buy a new car or buy some other "pamper myself a bit" item right now.
The lifetime home buyer/seller still wants to increase their quality of life, but isn't prepared to sell and buy while the economy is in the toilet. But guess what these people will buy instead of a new home ... they'll buy changes to their existing home (and that's exactly the market we penetrated in the late '70s and early '80s).
Yes, maybe the people to whom you normally sell aren't buying from you right now. But someone else is out there ready to write you a check.
People who used to buy sales training from me aren't buying it anymore, because their pain isn't related to improving the skills of their salespeople.
But people I never would have sold to before -- the folks without sales teams -- are buying my Economic Sales Opportunity Audits (http://honestselling.com/opportunityaudit), because their issue isn't training, it's finding the trees in the forest.
The good new is that your stuff will certainly still sell.
The bad news is you must sell it to a totally new group of people and, usually, for totally different reasons.
And the hard part is figuring out what to change, which is why guys like me exist.
Gill E. Wagner, Sage of Selling
President of Honest Selling
Founder of the Yellow-Tie International Business Development Association