1 00:00:02,250 --> 00:00:05,140 Ian Altman: Welcome to the Same Side Selling podcast. I am your 2 00:00:05,197 --> 00:00:08,257 host, Ian Altman. What's the biggest thing that drains 3 00:00:08,314 --> 00:00:11,771 resources from your business? Well, if I ask that question to 4 00:00:11,828 --> 00:00:15,058 a group of executives, I might get a variety of different 5 00:00:15,115 --> 00:00:18,459 answers. And ironically, the least common answer is the one 6 00:00:18,516 --> 00:00:21,633 that I think might be the biggest drain for businesses. 7 00:00:21,690 --> 00:00:25,147 And that is when you're selling into an opportunity, and your 8 00:00:25,204 --> 00:00:28,548 client just stays with the status quo. So what do I mean by 9 00:00:28,604 --> 00:00:32,288 that? I mean, that you're trying to sell something to that client 10 00:00:32,345 --> 00:00:35,802 or prospect. And at the end of the process, it's not that you 11 00:00:35,859 --> 00:00:39,259 lose out to a competitor, you lose out to a non decision. In 12 00:00:39,316 --> 00:00:42,717 essence, what they do is they say, You know what, we're just 13 00:00:42,773 --> 00:00:46,174 gonna stick with whatever we did in the past, if we did this 14 00:00:46,231 --> 00:00:49,518 manually in the past, we're still gonna do it manually. If 15 00:00:49,575 --> 00:00:53,259 we're using this other vendor in the past, we're gonna keep using 16 00:00:53,315 --> 00:00:56,773 that same vendor, we're just gonna stick with the status quo. 17 00:00:56,829 --> 00:01:00,230 If you want to get top results for your team, take a look at 18 00:01:00,287 --> 00:01:03,857 the Same Side Selling Academy, just visit same side selling.com 19 00:01:03,914 --> 00:01:07,484 to learn more. So for starters, why does that happen? Well, one 20 00:01:07,541 --> 00:01:10,658 of the biggest reasons why organizations stick with the 21 00:01:10,715 --> 00:01:13,832 status quo is because there's not enough pain for them, 22 00:01:13,889 --> 00:01:17,176 there's not enough impact to them of not changing. So what 23 00:01:17,233 --> 00:01:20,633 happens is, ultimately, they're saying, you know, your stuff 24 00:01:20,690 --> 00:01:24,034 might be pretty good. But I don't yet think that it's worth 25 00:01:24,091 --> 00:01:27,435 it for us to take the risk of stopping what we're currently 26 00:01:27,491 --> 00:01:30,949 doing to switch to your stuff. And when that happens, what it 27 00:01:31,005 --> 00:01:34,293 means is that as the seller, we were more passionate about 28 00:01:34,349 --> 00:01:37,920 solving this problem than they were. Because if they truly felt 29 00:01:37,977 --> 00:01:41,491 that what they were doing right then wasn't effective, if they 30 00:01:41,547 --> 00:01:44,948 truly felt like there was a consequence of their business of 31 00:01:45,005 --> 00:01:48,065 not changing, then they would have changed. But what's 32 00:01:48,122 --> 00:01:51,636 happened is, they've all of a sudden decided that it's okay to 33 00:01:51,692 --> 00:01:55,150 just stick with whatever they were doing in the past. Now, as 34 00:01:55,206 --> 00:01:58,437 an organization, if you're looking to change, you have to 35 00:01:58,494 --> 00:02:01,781 do two things that are very difficult for our customers to 36 00:02:01,838 --> 00:02:05,295 do. The first thing is you have to acknowledge that maybe you 37 00:02:05,351 --> 00:02:08,469 made a mistake, hiring that other vendor, or using that 38 00:02:08,525 --> 00:02:11,926 other method to solve whatever it is you're trying to solve. 39 00:02:11,983 --> 00:02:15,327 And that's something we as humans, we don't like to do. The 40 00:02:15,383 --> 00:02:19,011 second thing that you have to do is you have to potentially fire 41 00:02:19,067 --> 00:02:22,525 the person you liked enough to hire to begin with. That's why 42 00:02:22,581 --> 00:02:25,982 in many cases, what will happen is, somebody has an existing 43 00:02:26,039 --> 00:02:29,552 vendor, they're doing a horrible job, you come in and identify 44 00:02:29,609 --> 00:02:33,180 some areas, that would be great improvement for their business. 45 00:02:33,236 --> 00:02:36,467 And in fact, you identify deficiencies with their current 46 00:02:36,524 --> 00:02:39,981 vendor. And instead of switching to you, what they do is they 47 00:02:40,038 --> 00:02:43,438 say, oh, you know what, that's a really good point. And they 48 00:02:43,495 --> 00:02:46,669 reach out to their existing vendor, and they say, here's 49 00:02:46,726 --> 00:02:49,956 this idea. Can you guys fix this? Here's this deficiency, 50 00:02:50,013 --> 00:02:53,527 can you remedy this for us? As if that organization will never 51 00:02:53,583 --> 00:02:56,701 make another glaring mistake again? But of course, they 52 00:02:56,757 --> 00:02:59,591 probably will. So how do we avoid those status quo 53 00:02:59,648 --> 00:03:02,708 decisions? Because I will tell you that it's extremely 54 00:03:02,765 --> 00:03:06,222 frustrating for sellers. Because if you lose to a competitor, 55 00:03:06,279 --> 00:03:08,886 you're like, well, the competitor had a better 56 00:03:08,943 --> 00:03:12,343 proposal, they had a better solution, they better understood 57 00:03:12,400 --> 00:03:15,744 the client's needs, we decided to go with them. No, No. The 58 00:03:15,801 --> 00:03:19,258 status quo is, look, we decided doing nothing was better than 59 00:03:19,315 --> 00:03:22,432 doing business with you. And that's kind of a deflating 60 00:03:22,489 --> 00:03:25,719 mindset to walk into. How do we get past that? Well, it's 61 00:03:25,776 --> 00:03:29,290 probably no surprise that we're going to get past it using the 62 00:03:29,346 --> 00:03:32,634 Same Side Quadrants. The Same Side Quadrants are a part of 63 00:03:32,690 --> 00:03:35,864 chapter four of Same Side Selling in the hardcopy of the 64 00:03:35,921 --> 00:03:39,095 book, it's on page 76. I don't know where it is, and the 65 00:03:39,152 --> 00:03:42,666 electronic version. But if you search for Same Side Quadrants, 66 00:03:42,722 --> 00:03:46,293 you'll find it. And the idea of the Same Side Quadrants is it's 67 00:03:46,350 --> 00:03:49,920 a method for taking notes during our meetings. The idea is that 68 00:03:49,977 --> 00:03:53,491 in the upper left quadrant, we take notes about the issue that 69 00:03:53,547 --> 00:03:56,835 the client is trying to solve the upper right quadrant, we 70 00:03:56,891 --> 00:04:00,235 take notes about the impact or relative importance, namely, 71 00:04:00,292 --> 00:04:03,693 what happens if they don't solve this, how important is this 72 00:04:03,749 --> 00:04:07,037 compared to other things on their plate? In the lower left 73 00:04:07,093 --> 00:04:10,494 quadrant, we take notes about the results, namely, what does 74 00:04:10,551 --> 00:04:13,951 success look like? What are we going to measure together and 75 00:04:14,008 --> 00:04:17,352 the lower right quadrant, we make sure that we identify who 76 00:04:17,408 --> 00:04:20,809 else needs to be included or involved in this process, who's 77 00:04:20,866 --> 00:04:24,210 most directly impacted? The big mistake that people make is 78 00:04:24,266 --> 00:04:27,554 sellers find themselves trying to convince the client they 79 00:04:27,610 --> 00:04:31,238 should do something? And here's a pivotal change that I want you 80 00:04:31,294 --> 00:04:34,922 to consider. I want you to be a little bit skeptical. I want you 81 00:04:34,978 --> 00:04:38,095 to when you reach out to clients, always in the back of 82 00:04:38,152 --> 00:04:41,666 your mind. Ask yourself, have they convinced me that they have 83 00:04:41,723 --> 00:04:45,180 a problem that's worth solving? Had they convinced me that if 84 00:04:45,237 --> 00:04:48,694 they don't make this change, something bad is going to happen 85 00:04:48,751 --> 00:04:52,038 with them, that makes it worth going through the effort of 86 00:04:52,095 --> 00:04:55,495 making a change. See if I went to a good doctor, and I said, 87 00:04:55,552 --> 00:04:58,726 Yeah my shoulders bother me a little bit, I want to have 88 00:04:58,782 --> 00:05:02,353 surgery. A good doctor wouldn't say, Okay, let me scheduled for 89 00:05:02,410 --> 00:05:05,584 surgery. A good doctor would say, How long has this been 90 00:05:05,640 --> 00:05:09,041 going on? What have you done to try and solve this? Have you 91 00:05:09,098 --> 00:05:12,442 taken ibuprofen? What about Tylenol? Does it keep you up at 92 00:05:12,498 --> 00:05:15,672 night? Does it wake you up at night? Does it impact your 93 00:05:15,729 --> 00:05:19,129 ability to do things every day that you'd like to be able to 94 00:05:19,186 --> 00:05:22,813 do, because what they're trying to gauge is the severity because 95 00:05:22,870 --> 00:05:25,931 a good physician is always weighing the risk, and your 96 00:05:25,987 --> 00:05:29,048 current discomfort with the potential outcome they can 97 00:05:29,105 --> 00:05:32,505 deliver for you. And if they don't feel that it's worth that 98 00:05:32,562 --> 00:05:35,906 delta, that change between where you're at and where you're 99 00:05:35,962 --> 00:05:39,476 trying to get to, they're not going to try and push you into a 100 00:05:39,533 --> 00:05:43,160 procedure or surgery. Now, a bad doctor might, but a good doctor 101 00:05:43,217 --> 00:05:46,674 won't. And in sales, it's the same thing. So we have to do is 102 00:05:46,731 --> 00:05:49,962 you have to go into those opportunities with a little bit 103 00:05:50,018 --> 00:05:53,022 of skepticism. I don't mean, throw a damp towel on on 104 00:05:53,079 --> 00:05:56,479 whatever their ideas are. So what happens if you don't solve 105 00:05:56,536 --> 00:06:00,163 this? And how important is this compared to other things on your 106 00:06:00,220 --> 00:06:03,564 plate? What would happen if three months from now we hadn't 107 00:06:03,621 --> 00:06:07,191 done anything? And if they say, Well, you know, then we'll wait 108 00:06:07,248 --> 00:06:10,819 another three months. That's not someone who's likely to make a 109 00:06:10,875 --> 00:06:14,219 decision. Now, this almost sounds counterintuitive, because 110 00:06:14,276 --> 00:06:17,790 typically, in sales, people say, Oh, this is an opportunity, I 111 00:06:17,847 --> 00:06:21,134 can't let this go because I'm supposed to bring every deal 112 00:06:21,190 --> 00:06:24,364 across the finish line. It doesn't work that way. That's 113 00:06:24,421 --> 00:06:27,935 not the way business operates. We have to have the humility to 114 00:06:27,992 --> 00:06:31,279 say not everyone's a good fit for us. And as soon as we do 115 00:06:31,336 --> 00:06:34,340 that, then we start realizing that we need to be more 116 00:06:34,396 --> 00:06:37,853 selective in the pursuits that we go after. So we don't waste 117 00:06:37,910 --> 00:06:41,084 our time and energy on the people who aren't going to do 118 00:06:41,141 --> 00:06:44,258 anything. If your client or prospect can't convince you 119 00:06:44,315 --> 00:06:47,715 their problems worth solving. How much time should you spend 120 00:06:47,772 --> 00:06:51,343 trying to develop a solution to something that they don't think 121 00:06:51,399 --> 00:06:54,857 is worth solving? And the answer is zero. So next time you're 122 00:06:54,913 --> 00:06:58,427 looking at opportunities, ask yourself, have they convinced us 123 00:06:58,484 --> 00:07:01,884 for each opportunity that this problem that's worth solving, 124 00:07:01,941 --> 00:07:05,512 have they convinced us that if they don't solve this bad things 125 00:07:05,568 --> 00:07:08,346 are going to happen? What that'll do is that will 126 00:07:08,402 --> 00:07:11,860 eliminate many of the vampires that are sucking the resources 127 00:07:11,916 --> 00:07:15,487 out of your business, and you'll be able to better focus on the 128 00:07:15,544 --> 00:07:18,717 right opportunities that will lead to growth. Instead of 129 00:07:18,774 --> 00:07:22,118 wasting your time with people who are never going to make a 130 00:07:22,175 --> 00:07:25,859 decision. There are topics you'd like to hear just drop me a note 131 00:07:25,915 --> 00:07:29,373 to Ian@Ianaltman.com and I will see you on the next Same Side 132 00:07:29,429 --> 00:07:30,280 Selling podcast