I want to be your "Sales Mentor Online in the Philippines". It doesn't matter if you want mentoring in handling objections, sales process, types of sales close. I will be your sales mentor online.
Tuesday, December 21, 2010
3 Best Ways to Say Thank You, the Sales Mentor Way.
In my years as a sales mentor and a salesperson as well, I have learn that there are really simple things that you can start right away that will help your selling efforts a lot easier than any other day.
This sales mentor technique is called the "genuine thank you".
There are a lot of high-paid sales directors and managers out there that have forgotten the essence of a real thank you. Of course they thank their bosses, like the CEO's or GM's of the company, yet they have trully forgotten how to say thank you.
So here I am again, your sales mentor knocking on your doors, that you allow me to share a little sales mentor lesson to remind you of how important a thank you is.
So first the step of a genuine thank you is be appreciative to everyone rather than being critical.
Most of us know that saying thank you, is a "branch" of gratittude but only a few realize that gratitude is also an accumulated attitude.
Tuesday, December 14, 2010
A Sad Closing to the Vizconde Massacre - Hubert Webb and 6 Others Acquitted.
Picture courtesy of Yahoo Philippines |
I am not a witness of the entire crime, nor was I there when the entire Vizconde Family was all brutally murdered (except for the father - Lauro Vizconde who went out of town), so I really have no right to judge. But as a sales mentor and as a fellow Filipino, I cannot help but site a few observations.
First
Is the Philippine justice system really that slow? I mean, whether Hubert Webb was guilty or not, it certainly does not have to reach 15 years for the court to fully on decide whether Mr. Webb is or not. There has to be some kind of way that we can shorten the process for justice. It is both painful and frustrating for both Mr. Vizconde and Mr. Webb.
Second
Sorry if I have to say this, but this is the only I can express my thoughts (through my sales mentor blog). In my opinion the DNA samples that acquitted the accused should have not been given of great value by the court. For the main reason of technology. Certainly, during that time DNA sampling and investigation was still not a part of the SOP of the NBI, so obviously it had been overlooked.
Third
I pity whoever the culprit was. I may have not been Hubert Webb who was the head of the suspects in the Vizconde Massacre, but the one who did is really in trouble. Maybe not on these world, but one day he will pay for his sins. If not to man, then he will have to pay to a higher power.
Fourth
I hope they both forgive each other. I know it sounds crazy most especially for Lauro Vizconde, but I think it's the only way they can fully attain peace.
Hubert Webb said he has forgiven the people who have done him wrong, and I hope Mr. Vizconde will be able to do likewise.
For whatever reason, I know one thing for sure, God has purpose.
We Filipinos might not understand now but it will all be clear one day.
Among the acquitted-accused of Vizconde Massacre was Antonio Lejano, Micheal Gatchalian, Pyke Fernandez, Miguel Rodriguez and Peter Estrada were also given the freedom.
I do not know what Mr. Lauro feels today, but I can only pray.
God will always bestow His justice in His due time.
Tuesday, November 30, 2010
Learn from The Best SALES Mentor!
I was very eager to attend trainings about products, but I took for granted other sales trainings that I thought was a waste of time.
I only changed, once I attended a network marketing training. At that time I was not familiar with network marketing and really hated anything that had to do with that kind of business model.
But suddenly, I sat at that training was listening emphatically. And much more, I was near closing and convinced to invest my savings in that network marketing company.
After a weeks with the company, I became friends with that network marketing trainer and found out that he attended many sales trainings (both external and internal). Also that he read many sales training books and audios.
Saturday, November 20, 2010
iCarly Buzz - Sales and Marketing Lesson
To give you a brief background:
iCarly is an American Teen Sitcom that focuses on the life of a girl named Carly Shay who decides to start a web show name iCarly, together with her close buddies Sam and Freddie. The show stars Miranda Cosgrove as Carly, Jenette McCurdy as Sam, Nathan Kress as Freddie, and many teen actors/actress that contributes to the fun and interest to its many viewers.
Friday, November 19, 2010
Harry Potter 7 - Deathly Hallows Part 1 Review
Yesterday, I really had a great time watching the official opening of Harry Potter 7 - Deathly Hallows. Together with my beautiful wife, we bought two large boxes of popcorn and one go large ice tea to complete our viewing of Harry Potter 7.
Although again, the movie could not compare to the details of the book, it was for me a good enough deal for 160 Pesos of two and half hour movie enjoyment.
Quite frankly, I'm not much of a movie buff and I can't really critic the movie as the "real movie critics" out there. But at least let me give my opinion as Harry Potter fan and as marketer.
First as a fan of Harry Potter, the "Deathly Hallows" book 7 is actually the revealing book of the entire Harry Potter series but I am sad to say that the movie was not able to clearly convey that. I think it had to focus on more situational conversations and flashbacks for movie watcher's better understanding.
Monday, August 23, 2010
Is Ms. Mexico Worth Winning The Ms. Universe Crown
Mr. Trumph Greeting the Ms. Universe 2010 Contestants |
While everybody would say that Ms. Mexico won because of her beauty and gorgeous smile (so gorgeous that it makes me melt) but I would disagree.
It would be better to say that Ms. Mexico went there to sell her way to the hearts of the judges and the entire Ms. Universe crowd.
What did Ms. Mexico do? She followed a basic sales process to close the deal with the judges of Ms. Universe 2010.
First, Ms. Mexico went through rigorous training before she could get to the international competition in the Ms. Universe 2010 pageant.
Selling Is Using The Power Of Words To Touch
Sales Words To Touch, Source : Flickr |
Just a while ago, I arrived late for my trip to Cebu City. To top it off, I didn't have a ticket and the boat was full. Actually, there were several of us who was under the same predicament. Most of them gave up and went back to the other ticketing office to buy tickets for the next trip.
Left there alone, I knew I could convince the crew and the guard to sell me an "extra" ticket so that I could go along with the trip. Besides what's the use of being a sales mentor if I couldn't convince a guard to sell me a ticket.
Of course, I was able to get one ticket by using simple sales and negotiation techniques. So here's how I did it.
First, I made casual conversations with the guard: like how hot the weather was, the people in his job, and many other stuff that made him comfortable.
Next, I then proceeded to ask him questions about the trip : why there was only one trip instead of two, why the boat was smaller, and the most important question, what would I need to do to get him to sell me another ticket.
I further explained why I needed to get to Cebu City at a specific time and the consequences. At that, he already showed non-verbal signs of "buying my sales pitch".
He then asked me if I could wait since he will ask for the Coast Guard's approval. I also made my "sales pitch" to the head coast guard and was so happy when he gave me the ticket. I paid for the ticket and gave the first guard a tip and profusely thanked the coast guard.
Actually since the sales process is so inherent in me, it is quite normal for me to sell anything. Specially if it's an idea with a sense of urgency.
Well, you would think that there's not much of a sales mentor lesson here right? WRONG. The story I just told you above shows a brief process of how effective a salesperson can be by using what I call the "Power of Negotiations". This will be our next set of sales mentor lessons for the coming weeks.
Actually this will be a very long series of lessons but I promise you this will be all worth your patience. This will help you to double your closing success.
Saturday, August 14, 2010
The Most Successful People Also Failed Tremendously
Stand up from your failure, Source : Flickr |
The last and probably the most important benefit you get from learning how to sell is, it allows you to fail more.
Although for most people, failing is a negative thing but I believe there is a great benefit from failing. And from my personal experience as a sales mentor, failing has been the main reason I have been successful.
Weird, right? But let me cite a few people who failed tremendously but became one of the most successful and influential people of their times.
Friday, July 30, 2010
Sell And Have A Network Of A Prince
The Network Of A Prince |
I remember my first sales call in the main office of a big chain of restaurants that offers ice cream concoctions, ice cream cakes and other kinds of desserts using ice cream as a basic ingredient.
The owner was Mr. Edwin. A young but very stern CEO of the company I was calling to.
I think it was probably the hardest sales call that I have ever done in my entire career as a sales mentor. But after several meetings and tailor fitting of his needs, I was able to close an exclusivity contract with him.
Thursday, July 29, 2010
Once You Know How To Sell You Already Have More Options
The next benefit you can get from learning to sell is related to our number two benefit.
Imagine your career as a one big river. It flows steadily and at a very consistent rate. It provides home for all the fishes in it. It waters the trees and plants around it. And provides food for many people. In essence, it carries with security.
But one day, a drought came to your big river. You assume it was just temporary so you stick to your big river. After a while you were proven wrong. The flow of water gets lesser and lesser each day. The fishes start to die. The plants and trees starts to die. And eventually food for the people also begin to disappear and soon everything will perish.
Tuesday, July 27, 2010
Grow Your Income By Learning To Sell
Probably this is one of the most exciting benefits in learning how to sell - it can grow your income.
As a young student at an expensive University in the Philippines, I had to be more creative in my studies wherein I had to earn money and study at the same time. Luckily, I was blessed by the Lord with a great talent of being friendly and being talkative.
During that time, I started to sell mangoes to earn money for my allowance. It was very difficult at the start, and since I did not have any sales mentor at the time, I made many mistakes. After a month, I started to become better at selling and have already started to learn a basic sales theory, "sales is not sales unless paid and collected".
Learn To Sell And Lower Your Invisible-Self-Defenses
"We can all sell if we choose to, but for most people it is one of the most difficult
things to do because they afraid of loosing their self." - Robert Allen
Based on our last sales mentor lesson, the first benefit from learning to sell is that it lowers our invisible-self-defenses.
I think most of us will agree that as people, we all have our own invisible walls. No matter how sociable we are, there will always be certain areas in our lives that we prefer to leave it a secret.
Tuesday, July 20, 2010
The Top 5 Benefits You'll Learn From Selling
I remember asking my father before a question that changed the course of my life - "Dad, what profession will legally allow me to go out and talk to many people?". My father answered, "Well, when you're a salesperson you are always out on the field and you talk to all sorts of people. I guess that profession would be in a sales or marketing industry."
After that day, I resigned from my job as a process engineer and sought to find a sales job that would provide me the best sales training. (Surprise? Yep I wasn't always a sales mentor or salesperson.) Like most sales professionals, I too wasn't always a sales person. I just loved to talk and never wanted to stay in one place.
Sunday, June 27, 2010
Train Your Sales People Like Soldiers Going To Iraq
Before we did our selling, we first had a 5-day classroom training, with my very first sales mentor Mr. Rusky. He was a bright person with superb communication skills.
We started with the background of the product lines that we were going to sell. The company's policies and history. The organizational structure and where we were at the structure.
Monday, May 31, 2010
3 Sales Tips To Develop A Long Term Customer-Relationship
It was Ms. Rizza, one of my closest customers when I was still selling Ice Cream for Magnolia (San Miguel Foods Premium Ice Cream Brand). We haven't really seen each other for quite sometime and yet she was still very fond of me.
I invited her to join me and my wife for a sumptuous meal in one of my favorite restaurants in Cebu. Our "little chat" took almost an hour, and I noticed that my wife is slowly feeling out of place. (There's a sales mentor lesson here, I promise).
Sunday, May 16, 2010
A Starter's guide to selling - Obtain, Verify, and Transmit!
And now you ask, how am I supposed to gather account knowledge (customer information)?
Well its easy actually - read a book on basic selling.
Just kidding... It is my commitment to you as your online sales mentor to help you in your selling endeavors.
Here are the basic steps on gathering account knowledge:
1. Ask
Many sales people tend to focus on selling right away, saying that only action can result to a sale. But without any information about your prospect, you are like a soldier going to war without any kind of firearm.
Thursday, May 13, 2010
The 3 Important Types of Account Knowledge - It Grows Your Buyers List
Obviously, the more you know your prospect, the easier it is for you to do the selling since you know his needs, wants, desires, and specially his personal preference. Secondly, once you know enough of the customers' attitude, you can make "custom" sales approach towards selling to a specific prospect.
In formal sales training this approach is called "getting-the-account-knowledge". From the word account knowledge, it means that it tackles on the number of information you as salesperson knows about your existing and future account.
There are many simple ways where we can actually gain a customer's account knowledge gradually. I stressed the word "gradually" since in selling, time is of the importance. In any sales situation there is always two parties involved, your side (the salesperson) and the prospect's side. So the faster you develop a very good relationship with your customer, the faster you gain account knowledge and trust. Simply put, "gradual" means as you build trust, you gain more account knowledge.
Sunday, May 2, 2010
Believe In What You Sell!
How to start selling.
In a formal sales program, often, the sales training begins directly with the discussion on what is sales flow, persuasive selling, closing techniques, but for me this is all useless unless you start with this mindset - "Believe in what you sell".
Being a sales mentor and a salesperson myself, I've seen many salespeople directly jump start without really understanding their own product and more importantly, believing in their own product.
Believe me, being a "loyal customer" alone of what you sell improves 50% of your average closing. When you believe and also use what you sell, there's no objection strong enough for you.
Tuesday, April 27, 2010
A Sales Mentor Lesson on INTEGRITY
And that is Integrity....
Integrity to deliver the promises you are making about your product.
Integrity to actually deliver the product on the committed time and date.
Integrity to walk the talk.
Monday, April 26, 2010
Opening an Online Sales Store and Bad Ebay Items
Since the start of operations of Ebay, there has been a move on the opening of many online stores in the Philippines like Ayosdito, Sulit.com, Istorya.net and Ebay Philippines.
Selling in an "automated way" has really made a distinct change in the market but I have to remind you, it also has many flaws. Although I urge you as your sales mentor to start trying selling online to improve and grow your sales but please also make sure that you do not abuse this kind of advantage in technology.
Sunday, April 25, 2010
From Good to Great - Three Tips to Being a Great Salesperson
From Good to Great - Three Tips to Being a Great Salesperson By Amy Dee-Kristensen Level: Basic Amy Dee-kristensen...The Truth Fairy of Pragmatic Personal Development. Amy has been a Motivational Humorist Speaker for over 20 years. She a single parent, a psychiatric ... Article Word Count: 688 [View Summary] Comments (0) |
A few weeks ago I stood in line to buy a lottery ticket. The other folks in line socialized, and joked with each other. It was obvious they'd known one another from past weeks, months, maybe even years of standing in line to buy a lottery ticket.
These lottery hopefuls believe in the power of consistency and persistence. They wouldn't dream of missing their chance at winning and, like clockwork, show up to buy their chance at a better life. They have the right idea but they are in the wrong line.
Sure, once in awhile you meet a smooth talker who has drifted along getting rewarded for little effort but most of the time, this is short lived success. Successful people may make their efforts look easy, but they are often the ones waking up earlier, worker harder, and getting home later.
Tuesday, April 13, 2010
How Selling A Book Will Help Increase Your Market
And of course, Seth Godin did it. (Click on their names to find out how you can get your copy!)
Saturday, April 10, 2010
A Sales Person's Life Is Always Closing!
The young girl (probably in her teens) greeted me with a wonderful smile saying, "hello sir, welcome to Jollibee, can I take your order?". I got a bit startled cause I was currently texting my wife that I am already waiting for her at the store.
Tuesday, April 6, 2010
Do You Inspire Customer Service Tales?
If I stopped 10 of your clients/customers today and asked them to tell me a story about your company's customer service -- what story would they tell?
Tuesday, March 16, 2010
Kill the Competition - Move to Being Dominant
Sunday, March 14, 2010
The Basic Reasons A Prospect Won't or Don't Buy
- No Need
- No Money
- No Hurry
- No Desire
- And No Trust
Saturday, March 6, 2010
Are Salespeople Still Needed?
Tuesday, February 23, 2010
Sales Training Tips
Monday, February 22, 2010
Warren Buffett and Sell to Survive
For example if you have a full-time job, you can join a multi-level marketing (commonly known as networking) company and sell to you warm prospect list. Having a learned ability in selling will definitely change your position in life wherein you will be able to start something in the side.
Sales Meetings That Motivate
The purpose of a sales meeting is to motivate your people and get them prepared to focus on selling. All too often sales meetings become boring lectures, repetitive messages that really have nothing to do with selling your products, and then becomes a source of de-motivation rather than motivation and increased sales. Sales meetings that are unplanned are punishment for those that have to attend.
Sales meetings should be delivered every day and provide the team with information that gives them new hope and new solutions that will help them in increasing business. Most companies agree with daily sales meetings but then don't have them because they lack fresh and compelling content and soon find the meetings to be a waste of time. For sales meetings to be effective you must invest time and energy in making them interesting over and over again. The purposes of the meeting is not for the sake of a sales meeting but to: (1) Bring the team together and get cohesiveness as a selling team. (2) To motivate and provide the sales and management with hope of what is possible. (3) Prepare individual sales people with new techniques and solutions that will actually increase sales.
These meetings must be kept fresh, motivating, engage the audience and be upbeat. It's important that you don't waste your salespeoples' time, but also avoid overloading them with information that is just information. The meeting should be short, inspiring, provoking, positive and focused on SOLUTIONS! The key to almost any successful meeting is to make it interesting, useful, positive and short. Short means under twenty minutes.
Before you rally the troops for another sales meeting, consider some of the following ways to get the most out of your sales meetings:
a) Get the meeting off to a jump start and surprise your team with visual content that sets the stage and grabs their full attention. Use high impact video to make points, something that can really wake them up and get your team thinking. Here is an example of a wake up video called, You Can't Handle the Truth Sales Meeting. Don't just talk to people get their senses engaged, get them focused, and wakes them up! The major goal of the sales meeting is to offset the massive amounts of negative information your team has received in the last 24 hours from mass media.
b) Once you have their full attention then next focus on 'saving' business that was worked over the last days or weeks. The goal here is to get them thinking how we as a team can piece a transaction together and get the day started on a fast track.
c) Focus on the 'wins not the losses! Take a few minutes at every meeting to congratulate salespeople for any and all completed goals, closed deals, and successes. Praise reinforces positive behavior and encourages everyone to do well. Keep the discussion relevant and don't allow people to present problems unless they also have potential solutions.
Sales meetings should be daily, short, engaging, entertaining and interesting and focused on solutions and the positive not the negative. Your people are being trained whether you train them or not. The question is will you provide them with sales training daily or will you let the media train them. An effective sales meeting will motivate, entertain, engage and get your people focused on how to conquer sales. An effective sales meeting done on a daily basis will prove a great investment of time and energy when done correctly.
Friday, February 19, 2010
How Do You Evaluate Your Brand?
When it comes to marketing, maintaining a very good brand always allows a certain product to stand out from the rest. It defines it, and gives it a certain position in the entire pie of the market.
Relating this to our sales lessons, I want to cite a few but very important issues.
1. You have to know the position of the brand you are selling.
Be familiar with the details of your brand. Your market share, sales trends, your direct competitors, rational of features, and etc.
This will prepare you more in handling possible objections on your sales call with your prospect. With the kind of brand knowledge you have, you are able to add persuasion points on sales negotiation.
2. Having a proper background of your brand will help you see which buttons to push.
Again, this relates to know the needs and wants of your prospect. When you have complete know how of your brand, filling in the needs of your prospect allows you to sell in the most persuasive way possible.
Even to this day, whenever I attend a marketing cascade about a product, I still take note of the important details of a brand. Whether you are a season salesperson or a sales manager knowing your brand is vital to our selling success.
Anyway to learn more on how to evaluate you brand, here's another great post from McLellan Marketing Group.
If you want my views on why branding matters...check out these posts:
- Are you brave enough to walk away from business?
- Be bold or go home!
- Best practice: branding
- Mark Twain...the branding expert
But let's assume you agree with me -- branding matters. If you think your company has a brand...how do you evaluate whether or not it's a good one?
Here are some criteria we use with clients when helping them either discover their brand or critique the one they have in place.
- It's evergreen (this is not something you'll need to change on a regular basis. It will always be true about you.)
- It's not a duh (if consumers already assume this about everyone in your category -- it can't be your brand.)
- Memorable (If it doesn't stick, it won't work.)
- The flag to rally around for your employees (Will they be excited and proud to help you achieve this brand?)
- True - inside and out (You can't be one company to your customers and another to your employees)
- A why or a how - not the what (how you create widgets differently or why you do it builds a brand..not that you make widgets. Everyone in your category makes widgets.)
- Makes you a little nervous (A brand needs to be a bold promise to get noticed and to matter.)
- Emotion based (We buy everything based on emotions. If your brand doesn't trigger an emotion, it will also not trigger a sale.)
- Differentiate you (Isn't that what a brand is all about. It sets you apart from everyone else.)
- Should dovetail with your mission/vision (Your internal goals and your public brand should be aligned or else one of them is off base.)
- From the consumer's point of view (it's about them after all!)
- I can tell -- it matters to me (the consumer has to be able to recognize and evaluate your brand promise. If you make the promise but I can't figure out if you kept it or not, we have trouble.)
- Big enough to trigger a buying decision (your point of difference has to be significant enough that I'd open my wallet)
If you can say "yes, that's my brand" to most of these criteria -- you have a brand that will endure and that your employees, customers and community will embrace and support. But if you can't get a 10 out of 12 on this little test (it requires quite a bit of candor) then you know it's back to the drawing board.
To read more click the source below.
Thursday, February 18, 2010
Features and Benefits
Features and Benefits – What’s the big difference?
I remember my Sales Manager told me this before, “convert our product features into customer benefits and ultimately increase the number of productive calls you make in a day”.
Now I would like to rephrase what my Sales Manager said, “a product’s Feature can only describe or tell what the product is all about, but only custom-fit Benefits can convince the prospect to buy”. Of course, the features can certainly create a buyer’s interest but until a salesperson can convert that interest into custom-fit benefits, the buyer is still considered a prospect because he has not made up his mind into buying the product.
To make it simple, let’s define it this way – “Features only tell and custom-fit Benefits sell”.
Here are some examples
Features:
- has vitamins A & B
- automatic timer
- auto lock system
Translating this into benefits:
- Mr. Prospect our product is filled with vitamins A & B which will greatly make your kids stronger and healthier, therefore saving you cost for buying additional benefits (like vitamins or medicines).
- Mr. Prospect with the automatic timer settings in our air conditioner, you have the freedom to turn off the system by itself and then save electricity
- Mr. Prospect with our new auto lock system, you do not have to worry of leaving your car unlocked since you can choose a time delay for the automatic locking
Actually the great sales trainer Dick Gardner said it best, “features cost us money and benefits takes home the money”. While both are crucial for the sales process, the conversion of the features into benefits should be the main focus of a salesperson’s persuasion in the prospect’s mind.
Let me end this lesson by telling you a story.
Back when I was an Account Specialist for one of the biggest ice cream brands in the
On the weekends I joined an insurance company that sell investments, mutual funds, term-life insurance, health care, and death plans. I went there for three consecutive weekends to undergo training for different plan presentations. They taught us how to make a prospect’s list, how to get an appointment and etcetera. After that I was on my own to sell. Since I had a regular list of customers, thanks to my day job, I scheduled for an appointment with one of my closest customers who has an ice-cream shop (in the
In my sales call, my presentation was superb. I was following what my sales insurance mentor taught me. I pushed for the higher benefit plans. I mentioned good examples and situations. I felt I had him in the palm of my hands but suddenly when I tried to close, he would not buy.
I got confused. He told me so many reasons why it was not good to buy, and one big reason he told me was “your products are good but I don’t think it can do anything for me”. When I heard those words, I immediately realized that I was not acting as a co-buyer to the customer.
It dawned on me that I was just presenting to him and mentioned only other people’s stories but I never really converted it to his personal Benefits. I knew then that I have to give him what he needs. Then I remembered this phrase “Features tell, Benefits sell”. So with that in mind, I immediately went back to the first stage of negotiation. I went through all the presentation again and this time I mentioned the features and custom-fit benefits that he would gain from it.
I ended up selling my first insurance sale, and gaining one important lesson that I will never forget.
Again it is this simple, “Features tell, Benefits Sell”.
Well that’s it for today. Join me again for my next coming post.
Dedicated to your selling success,
Sales
Saturday, February 13, 2010
How to turn SOCIAL NETWORKING into sales!
Friday, February 12, 2010
Are you playing the competitor's game?
Monday, February 8, 2010
Weekly Philippines Sales Update - Export Sector
A new export plan that will guide public and private sector efforts to grow the sector will likely focus on maintaining the Philippines’ market share as the global economy exits the downturn, officials yesterday said.
The 2011-2013 Philippine Export Development Plan is up for drafting starting today in a workshop to be led by the Export Development Council (EDC).
"For now we will just have to find programs to continue. It won’t be overly ambitious and will be instead more for market holding," EDC Executive Director Senen M. Perlada said in a telephone interview.
"We will only be drafting the framework and will await the imprimatur of the next administration," Mr. Perlada added, noting that a change of leaders would be due in June following the May national elections.
The 2008-2010 plan, he said, was based on the broad Medium-Term Philippine Development Plan. As there is yet a new medium-term road map in place, the new export industry road map will have to use earlier plans as bases in the meantime.
Sought for comment, EDC Vice-Chairman Sergio R. Ortiz-Luis, Jr., who represents the private sector, similarly said the new plan would likely echo the 2008-2010 version.
"It will be more or less the same, focusing on the same markets and winners," Mr. Ortiz-Luis said in a separate telephone interview.
The previous plan aimed to emphasize the country’s competitive advantages, analyze value chains to strengthen production, and bolster public-private sector partnership for export promotion and development activities.
It tagged the following products as the sector’s revenue streams: electronics, textiles and apparel, automotive products and parts, food, home decor, organic products, and construction materials. The export of construction and information-technology enabled services was likewise eyed.
Growth for the sector would have been achieved through product diversification, market expansion and the optimum use of trade agreements, the plan stated.
"We will revise it slightly because of what happened, the crisis. But it is a rolling plan," Mr. Ortiz-Luis said.
Also up on the agenda at the two-day workshop is a review of the EDC’s operations, Mr. Perlada said.
"Part of the workshop will be to revisit the council itself," he said.
Amid the global economic crisis, merchandise export sales fell by a quarter to $35.004 billion from January to November, according to latest official data. This came after sales flattened in 2008 to $46.332 billion.
The EDC has been in charge of vetting export promotion and development project proposals that proponents want funded from a P1-billion facility. The council had released just P11.6 million by end-2009, or roughly 1% of the fund, even as exporters railed for more support amid the economic downturn. - BusinessWorld
Jessica Anne D. Hermosa
Source
Being practical, I think Mr. Ortiz should really take into consideration what products we will get our revenue streams from.
Firstly.
I do not think that the world economy is back on its feet. When we were born we start to crawl, then slowly we walk, then we walk well, then we run, then learn to ride a bike and so on. We should be doing the same thing in our approach to export sector.
As a sales "evangelist", I have always taken in to heart to make realistic goals. We all know that improving the export gross yearly sales, will entail a lot of marketing and promotions. Just like in a sales recovering business, we look to our strengths to get back on our feet which is our cheap and quality labor, abundances in resources, and organic products (which is currently a great trend today in the world market).
Secondly.
EDC (Export Development Council) will not be able to handle this sector alone. With the presidential elections fast approaching, I implore all Filipinos to be vigilant in choosing a well economic oriented new president. Our new president will be one of the biggest keys (in the macroeconomic level) to improve our economy and hence improve the sales that many of us are trying to achieve.
In summary, I believe that the export sector will be the key source in which we will be able to grow the Philippines internal businesses and with no reason that is should be taken for granted. We as salespeople should also be aware of the current new trends in the market, and take advantage of it. As Warren Buffet says it - "the trend is you friend". Hence, it is within us to forecast on what we should improve in the future.
That's it for today. I hope you enjoyed my weekly Philippines sales update.
Dedicated to your selling success.
Sales Mentor TM
Basic Selling Lesson
“Our prospects will only buy when they believe our product/service can provide for them a need, a desire, or a want that they have.”
If you are serious on earning money from a sales career, whether you are currently an employee for an international company, just starting to sell for a multi-level direct selling or maybe pursuing the entrepreneurial path, this should be the Mindset that you should be following and taking into heart.
I believe that with this guideline alone, you as a salesperson already have a head start among others who just blankly follow what their managers tell them to do, which is just to sell.
Back when I was still a child, I remember I asked my father if he could buy me an acoustic guitar. His simple answer was “show me that you need it, and I will buy you one”. As an eleven year old, that didn’t really make sense to me but since I was really eager to learn to play music, I borrowed my friend's guitar and practice often until I could play a full-length song. Only then did my father surprised me and bought me new acoustic guitar.
With that example alone, we can evaluate that once we have provided the prospects need (in this case my father is the prospect), selling is definitely easy.
Like what Robert Kiyosaki said in his book Sales Dogs, “find out what the person needs and getting him to buy will be easier”.
A reminder to the corporate world:
I’ve seen many good companies in the Philippines that had superior products, yet they did not achieve their expectations with it because they were in the “wrong” market. They spend so much in marketing and promotions only to realize after a few years that they are positioning that product in an area where it has a weak affinity or appeal to the target market. Although I know that we learn best from our mistakes, yet corporate management should really take into consideration the feedback from the front liners who are the ones really marketing the product.
Going back with our selling lesson.
You as a salesperson already have an overview and even before approaching a prospect, you should have asked the question "does this prospect have a need, want, desire for my product?".
With that question alone, you can somehow foresee the possible objections that the prospect will throw at you. When we sell it is important that we have already started the selling process in our mind, with this we become persuasive in every level of the sales negotiation.
In a nutshell our job as a salesperson is to provide that need, that want, that desire. Or it can be to help the prospect to realize that they have that need, that want, and that desire. Jim Robbin says it well - "we become as a co-buyer for our prospect".
Now how do we do that? We show them the benefits and the features of what we are selling in which will be fit for their wants and needs.
This is what we will talk about on my next post.
That's it for today. Do not forget to leave your comments below.
Dedicated to you selling success,
Sales Mentor TM.
Wednesday, February 3, 2010
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