experience

Building Customer Relationships for Sales Success with Tracy De Cicco, Konposit

July 18, 2018 By Barbara Giamanco Leave a Comment

I’m once again joined in this interview with co-host Carole Mahoney.

We talked with Tracy De Cicco, Founder of Konposit about how to build meaningful client relationships. The importance of building and maintaining strong business relationships with prospects and customers is talked about often, and from my perspective this is an area of opportunity for salespeople, given how competitive it can be in selling today.

In their Growing Buyer Seller Gap report, CSO Insights notes that only 53% of salespeople are meeting or exceeding their sales quotas. That’s not good news. What’s worse is that this is the 5^th year of decline in quota attainment. One big reason this is happening is that there is a huge gap – or disconnect – between what buyers want and expect from salespeople. This is why a focus on building relationships that bring value to buyers can be your competitive edge.

We discussed these questions and more:

How do sellers build new customer relationships quickly?

In what ways can salespeople add value to a client?

When people talk about sales consulting, what does that mean? How is this different, or is it different, than regular sales of say a widget?

What can salespeople do to command the room with a C-level executive client?

How important is it to stay in the picture once the deal is done?

Why does trust need to be present in all interactions, and how does it affect business relationships if trust isn’t there?

Enjoy the conversation! Listen here.

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About Tracy:

Tracy De Cicco, founder of Konposit. She is a sales executive with 20 years’ experience in the technology, software and professional services industries. She has expertise as a client leader, business development manager and industry solutions sales executive and has worked with some of the largest companies in the US and globally, including many Fortune 500 firms. She has also worked with the small & medium business market as well as with start-ups.

As a sales executive, Ms. De Cicco has engaged with senior lines of business and C-level executives to help them solve some of their biggest business challenges with technology. She has experience with industry solutions, such as omnichannel and analytics, as well as with new technologies, such as cognitive and AI. Her vertical expertise includes retail, travel & transportation, distributors, consumer packaged goods and financial services, among other industries.

Ms. De Cicco’s experience includes 14 years as a client principal at IBM. She has also worked at Oracle as well as Hewlett-Packard. In addition to working in the large enterprise space, she has start-up experience as well, having founded two organizations, FounderMatch, in 2010 as well as Konposit. www.konposit.com

She has a BA in Social Science from Colorado State University and an MBA from Southern Methodist University. She has been published in an academic journal and has published recently on the topics of blockchain as well as the technology shift in digital advertising.

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About Carole Mahoney – Barb’s Co-Host:

She is the founder of Unbound Growth, a scientific sales development firm that eliminates the guesswork of hiring the right salespeople and develops sales teams using a science-based data and driven process that has helped salespeople to achieve 130-160% of quota in less than 6 months with a 98% annual customer retention rate.

Are you asking the right sales questions? Get Carole’s complimentary Scientific Sales process worksheet.

Connect with Carole:

https://www.linkedin.com/in/carolemahoney/
https://twitter.com/icarolemahoney
https://www.facebook.com/carole.mahoney

Thanks to our Sponsors!

This podcast is presented by our Elite Sponsor, Microsoft. Corporate Vice President and Channel Chief Gavriella Schuster, along with other female leaders in the company, are driving for change, trying to bring more women into the technology industry. Gavriella and Microsoft are committed to giving “young women better role models and a stronger voice to all women.” You can hear more from Gavriella and other Microsoft leaders, on the Microsoft Partner Network podcast. Or visit partner.microsoft.com

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Selling in the Age of the Customer

April 25, 2016 By Barbara Giamanco Leave a Comment

According to Forrester, “we are living in the age of the customer”. I admit, when I first heard the phrase it caused me to wonder when was that ever not true? Hasn’t it always been about the customer? From a selling process point of view, I suppose researchers think that isn’t the case.

So, why is it that now – at this point in time – we live in the age of the customer? And, what does that actually mean anyway?

After a few web searches, it seems that what it means is not anything different than what many of us in the sales industry have been saying for 10+ years. Living in the age of the customer is simply a reference to the fact that with the internet and social networks, buyers have access to the information they need to inform their buying decision process.

“In the Age of the Seller, salespeople were the original internet of prospects and customers.” – Jim Blasingame

From a selling point of view, what this means is that technology has shifted the balance of power to buyers, because they don’t necessarily need you to tell them about what your product or solution does, or even what it costs. That’s where I still see a big disconnect in selling today. Defaulting to product feature dumps – on the phone and in email, doing demos or even pushing discount offers at month end to try to hit quota is de rigueur in selling today. Ask a salesperson to clearly articulate what problem their product solves for a customer, which by the way, it what the customer actually cares about, and one of two things happens. Either said salesperson starts rolling into their scripted pitch, regaling you with stories about their products amazing features, or they stare back at you blankly having no idea how to respond.

The game has changed.

When Joan and I wrote The New Handshake: Sales Meets Social Media, we took you back to the early days of systematized selling largely attributed to the work of John Patterson, founder of the National Cash Register Company now simply known as NCR. His N.C.R. Primer published in 1887 detailed a specific process and language that salespeople were to use to sell their goods. The system turned the company into a dominant force in the industry, while also having a major impact on the development of the modern sales industry.

Other companies began using variations of Patterson’s system to train their salespeople to sell. Emphasis was placed on uncovering a buyers need for the product and then making a persuasive pitch to induce someone to buy. Without the benefit of the internet or social channels, customers had to sit through presentation after presentation from salespeople pitching their wares, and they’ve been selling that way for over 125 years.

Wake up. It’s 2016.

The problem, unfortunately, is that most companies haven’t realized – or maybe that’s accepted – that the a-typical approach to selling — rooted in obsolete selling approaches — isn’t as effective as it used to be. With pressure to increase pipeline, close deals faster and increase revenue, the leadership response is usually to insist that salespeople do more. But more calls, emails, product pitches and demos isn’t the answer. The customer is already way ahead of you.

Selling in the age of the customer means doing things differently.

Buyers can gather a lot of data before talking to a salesperson, but that doesn’t mean that you as a seller don’t have an opportunity to add value in the early decision making process. Better yet, you can get in front of that early stage research. How? Use social networks to increase your visibility to buyers. Use email and social networks to demonstrate that you are a business resource for prospective buyers. Get in their head. Think about what’s important to them. Then share information that adds real value, something that they can use and that speaks to the issues that are important to them.

I believe that we have always lived in the age of the customer, in that putting the needs of any customer and potential customers should always come first. But today’s customer demands more than your PowerPoint pitch or demo, and they are really making their voice heard. At the top of their lungs they are screaming at you to approach them differently! Otherwise, you are of no use to them at all.

Did Infusionsoft Make it Right? You Decide.

February 26, 2014 By Barbara Giamanco 4 Comments

Customer experience and back-end service support have always been hot buttons for me. When you work your backside off to close sales deals, the last thing you want to find out is that a customer bailed because excellence in another part of the customer experience broke down.

In the “old” model, you sold something and everything was fine – until it wasn’t. When something went awry, fingers crossed, your service team handled it. But waiting to react is not consistent with the world we now find ourselves doing business in.

Companies remain too internally focused. Most do not stop to consider what their policies feel like to the prospect or customer. Policies are almost always focused on what’s best for the company not for the people who will choose to interact and do business with them.

An Update to a Recent Post About Service

Twenty days ago, I wrote a post called Just Cancel My Account – Part 1 In the post, I shared my personal story of what happened when I decided to end my business relationship with Infusionsoft. I did my best to be professional in my post, but I was ticked off. You can read the original post to understand all the details, but I was not happy to be billed for another month when I believed I was canceling my account ahead of the billing cycle.

Monday, I was surprised to receive an email from a senior manager at Infusionsoft (I’ll name the company but not the individual) telling me that Infusionsoft was aware of the situation, apparently management had a conversation about it and had decided to refund my money. OK. Nice. Unexpected. Thank you. It shows that they are trying. I give them credit for that.

And…

Read my correlating tale of Kick Butt Service delivered by Zappos when something went wrong. You’ll understand why Infusionsoft, well meaning as they may be, has work to do.

Stop Justifying…Get Outside Your Company Walls

I originally planned to post the entire email, but decided to pull key statements from it instead. Here is my reaction to the email.

1. I do appreciate the refund. Though to me it felt like 3-days into the cycle didn’t justify keeping my entire monthly fee, I now understand that the timing of “their systems” didn’t quite jive with my understanding of when billing actually happened. More importantly, and to be fair to Infusionsoft, I did agree to their terms and conditions when I initially became a customer.

The refund is a nice gesture and…

2. I received the email 18 days after I wrote my blog post. The post was circulated widely through Twitter, LinkedIn and by my blog followers but I’m hearing from someone 18 days later? Though I didn’t expect a response at all, the fact that this wasn’t picked up sooner is surprising. Are Infusionsoft folks not monitoring the net and social networks for mention of them? Or did they pick the post up within a day or so and then spent 2-weeks deliberating what to do?

3. My colleague, Jonathan Farrington would argue that Infusionsoft wouldn’t have done anything if I had not written a blog post that cast their company in a negative light. That’s probably true. The question is…should you wait until someone calls you out online before you decide to do something? I did ask the billing folks to refund my money given I was barely 3-days into the billing cycle. Aren’t their employees empowered to “do the right thing” immediately?

Then there is the justification…

4. Is the “justification” for Infusionsoft policies and their behind the scenes reasoning warranted when sending me the conciliatory email? Probably not. It always bugs me when a company (or person) says, “We value your feedback.” and then goes on to tell you all the reasons why they do what they do.

“We don’t have online cancellations for several reasons, one of which is we have customers that we talk with every day that needed extra help, or specific consulting that have actually stayed with us and been very successful in using the application.”

Perhaps Infusionsoft does have customers who don’t know the difference between contacting tech support for help and canceling their account. I don’t know. But I am still asking why I had to call, talk to someone, tell them what I wanted and why, and then be forced to wait for a call back from another employee to spend more time going over it again? The process needs to be revisited.

5. What are your thoughts about being asked to “remove” or “rewrite” your blog post, because a company now tries to do the right thing?

“I would also ask that you consider removing, or rewriting the post to share that while we might have been slow to do the right thing, we did strive to get there.”

Infusionsoft made an attempt, and I do give them credit for it. But no, I won’t remove my original post or rewrite history; the story happened as I told it. Thanks for the refund though.

Just Cancel My Account – Part 2

February 9, 2014 By Barbara Giamanco Leave a Comment

This is the story of how I became a client and canceled my AWeber account all in the span of 3-days.

In part 1, I talked about Infusionsoft and how frustrating their process is for canceling your account. Had it been easy to walk away, I wouldn’t have broadcast to my followers that Infusionsoft doesn’t live up to its promise, and they are tough to do business with. In AWeber’s case, the process for canceling my account wasn’t difficult and they refunded a portion of my money to boot. But a process that they spin as being better for you – the customer – isn’t.

For 8 years, I’ve been building my email list. I take the CANN-SPAM act seriously and have always followed the rules of email marketing. This is so important to me that I NEVER add anyone I meet who hands me a business card. That’s not permission to add to a list my friends, although far too many people do it. Subscribers can easily opt-out of my list; I don’t waste their time even asking why. I assume their reason is nothing personal. Everyone is on overload these days. I’m no exception. Email inboxes are more crowded than ever and people often just don’t have the time to read one more newsletter. I opt out of plenty of them myself.

While using the Infusionsoft system, I once again scrubbed the list. If a lot of people start opting out, Infusionsoft assumes you are a spammer and will halt you in your tracks. I think that’s a good thing. But imagine my surprise when we wanted to upload our mailing list to the AWeber account only to find out that they insist on sending out a “reconfirmation” email. That means that people who have opted in to my list, now have to go to another step to say yes again.

AWeber will tell you that it is the best way to ensure that emails are not blocked by spam filters. They claim that their process is why they have a high rate of delivery versus other email marketing companies. I don’t believe it. There’s a back story there somewhere.

As I’m working to get my email marketing back on track, this little hiccup didn’t make me happy. I asked a couple of my colleagues what they thought about the double opt-in policy. Depending on who you talk too there are two ways to look at it.

1. You can think of the process are further cleaning and purging your list. Makes sense. I really do want people to find what I send them valuable.

On the other hand…

2. People are super busy. What if they never get around to reconfirming? Depending on how long it takes people to confirm again, my email marketing might not be very effective.

I did some checking on AWeber’s support site to find out if there was a way around this default. After all, quite a few of their competitors don’t require this and have their own ways of verifying if you have a purchased or spam list. It turned out that – yes – you could ask them to waive this default setting if you have a clean list. Awesome, I thought. Now we can move forward.

Uh, not so fast.

I sent AWeber my request, explaining my reason for switching providers and confirming that I had just gone through the process of scrubbing the list about 12 months earlier. Pretty quickly I received a response that essentially said that AWeber rarely makes an exception to their policy (OK, why is it on your website and written in a way that suggests you do make exceptions?). The service rep goes on to say that if I will answer their list of questions, they will research my situation and get back to me. They are trying to verify that I’m legit…I get it.

The next email I receive now says they aren’t sure and that maybe they’ll make an exception, which they will rarely do, but now I need to give them the log in details to the Infusionsoft account so that they could verify the last campaign that I’d sent. Well, for starters, I told them I had not sent a campaign in a few months. I also told them that I’d canceled my Imfusionsoft account, which at the time, I didn’t know was still active.

Now I’m fuming. Time is already being wasted; I’m no closer to getting a newsletter out. And there was no guarantee that they’d say yes anyway. Screw it, I said to myself. I told the service rep that this was a complete waste of my time and wasn’t worth it. I said that I planned to cancel the account, which I did right away.

And then…

I receive another email from the same service guy saying that if I would provide the list, they’d do some sort of verification thing to see if the addresses were valid. More of my time to be wasted and again no promise that my request would be approved.

Thank you, MailChimp.

MailChimp and AWeber both receive good reviews and recommendations but AWeber seemed have just a bit more under the hood that would suit my purposes. After my brief experience with them, I went to MailChimp. They have ecommerce hooks and other things that I need. They also happen to be a business local to me, many of my colleagues use them, and they have a fair number of corporate client. Good enough for me. But the biggie…they don’t force the double opt-in process.

MailChimp has designed an algorithm that can test your list to determine validity. Guess what…within a few minutes, my list was verified and I was ready to go.

If you won’t, your competitors will.

There must be hundreds of email marketing systems available. Why would any company want to make it difficult for new and existing customers? It is beyond me.

The experience with AWeber left me feeling a little like being back in grade school. It feels like their “rule” is meant to stop the real spammers, but in the process they penalize legitimate business people who work hard to do the right thing.

Well, thanks for the memories AWeber. MailChimp, I look forward to a beautiful relationship!

Go Beyond Social Selling

February 4, 2014 By Barbara Giamanco Leave a Comment

At the first of the year, I talked about what I believe lies ahead for the profession of selling. At least in 2014. More of the same dismal sales results we’ve seen for years can be expected IF teams simply do what they’ve always done.

Optimistically, I’d like to believe that sales leaders will step up to radically change how their sales organizations operate. Having finally accepted that “coffee is for closers” sales tactics have dulled in effectiveness, leaders will expect their sales people to do more than pitch and passively wait for orders to roll in. This is the year that leaders will invest in developing the business skills of their team members and the sales process that they follow. Why? Because buyers expect more.

And yet… revenue success requires so much more than simply making improvements in the Sales department.

We’ve been talking about Buyer 2.0 and Social Selling for so long now that it is becoming a big yawner. For me anyway. In the years since I’ve been evangelizing social for business and the three years since my book The New Handshake: Sales Meets Social Media was published, I’m surprised at how basic today’s conversations related to social media marketing and social selling remain. If I read one more blog post from an expert telling sellers how to “tune up” their LinkedIn profiles or create a lead search, I might have to hang myself. By now, if you are a seller and it has completely escaped your attention that buyer behavior has changed, or that leveraging social strategies as part of your sales process is not an option, well then, you might as well retire now.

Let’s get beyond today’s social selling conversation.

Buyer expectations are not standing still. The bar is rising – and fast! Buyer 2.0 made it clear that they were circumventing the early stages of what we formerly knew as the traditional sales process. Crappy salesmanship made it inevitable that this would happen. The Internet, social networks, peer reviews, data at our fingertips and word of mouth recommendations have made it possible. Buyer 2.0 wanted to work with a different kind of seller entirely. One who understands their business and functions as an advisor not an order taker. As Jonathan Farrington of Top Sales World puts it, customers and prospects are still marching, but not to your drum.

Buyer 3.0 has expectations that go far beyond what current social selling rhetoric largely focuses on. This buyer expects companies to WOW them with great experiences at every touch point in the process of moving them from prospect to customer. A go/no go decision can happen with the first marketing email they receive, webinar they attend, your cumbersome and complicated phone system, or your over eager sales reps hounding them after they downloaded a white paper. Every interaction – positive and negative – leads to revenue or not. And if you think that once a customer always a customer…think again. Most companies are not taking the idea of creating WOW experience seriously enough.

Revenue goals aren’t achieved by sales alone. That’s the big fat elephant in the room. Sales may carry the quota and the bag, but other functional departments – Marketing, Service, Operations, Accounting – play a big role in a win or a loss. Rather than expecting Sales to shoulder the entire burden, I crazily think that all executives, department heads and employees need some portion of their performance and salary tied to revenue goals. It isn’t enough to assume that people will do the right thing because they earn a paycheck.

Let’s stop talking about the tactical aspects of “social selling” – great profiles, status updates, search lists, sales research – as if that’s all it takes to succeed in today’s competitive business environment. Don’t misunderstand me. These things are important but they are a fraction of the bigger picture.

If you thought that Buyer 2.0 came out of nowhere, watch out. Buyer 3.0 is demanding more, and they know what you fail to recognize…your company isn’t the only game in town!

Building Customer Relationships for Sales Success with Tracy De Cicco, Konposit

Did Infusionsoft Make it Right? You Decide.

Just Cancel My Account – Part 2

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