Partnership Principles That Lead To Sales Success
by Randy G. Pennington
We have heard it before­p;building partnerships is the key to long-term
success in selling. Everyone nods in agreement with the concept, but the
ability to build lasting partnerships is not as easy as it appears. There
is no universal 12 step program. There are, however, certain principles
that will lead to lasting success when applied in a creative, client-centered
manner.
Fundamentals are the minimum. Relationships are the difference.
Delivering quality products and services was a strategic advantage ten years
ago. Today, they are the minimum to compete in the market. The market's
ability to devour those who will not change means that great fundamentals
are no longer enough to maintain customer loyalty. Advantage in the future
lies in our ability to develop strong relationships forged in a bond of
mutual respect, openness and trust. It is a long-term process that yields
lasting results.
The temptation to abandon the pursuit of partnerships in favor of short-term
results hits everyone. The pressure of needing another sale to make quota,
win a contest or ensure there's enough money to pay the mortgage next month
can make a doubter of even the most ardent relationship builder. The logic
appears sound, but the end result is a lost opportunity. Relationships flourish
when everyone's needs are met, and a short-term, "make the sale"
focus places emphasis on our needs rather than those of our internal and
external customers.
An important aspect of building a successful business relationship is understanding
ROI­p;Return On Investment­p;from the customer's perspective. Meeting
planners traditionally calculate ROI from a "dollars saved" perspective.
They want to show their customers that they can deliver value. Cost savings
is a fundamental, however. It is the minimum a planner must do to maintain
credibility. The relationship building opportunity comes when we help a
planner achieve their customer's ROI. We build a partnership when we help
them help someone else be successful.
Communication is everything, and everything is communication.
Communication is a continuous process to learn the needs of others, respond
to those needs and position ourselves as the solution in the mind of the
customer. It is, in essence, an on-going marketing program that lets others
know their value. Every word and action contributes to that message. In
our personal lives, our partners often value small acts unaccompanied by
fanfare more than boisterous words or lavish gifts at those expected times.
The same is true of our business partners. Extra attention to the unnoticed
details that ensure a meeting's success are often appreciated more than
a large public display.
Stars are externally focused and internally driven.
Successes in every walk of life share two things in common: they are driven
by an internal desire to be the best they can be and they focus on external
goals. Tom Peters once observed that most successful business endeavors
come at the hands of "mono-maniacs with a mission." It is easy
to zero in on the internal motivation that is so critical for any effort
to succeed, but, the organizations and individuals we honor as leaders in
their field always have a mission to accompany the motivation. That mission
is always focused on producing results externally.
Building successful partnerships can be viewed as both a strategy and a
goal. Strategically, it is a necessary tool for ensuring survival as a sales
professional. More important, it should be a goal for everyone concerned
with the long-term viability of the industry. It is incumbent on everyone
to create an environment where the labels of supplier and planner exist
only on paper. Functionally, there must be only one designation, meeting
professional.
Past success proves you were right once.
The Chicago Bulls of the National Basketball Association will probably break
the league record for most wins during a regular season this year. Bull's
star Michael Jordan put the expected accomplishment in perspective when
he said that winning over 70 games in the regular season doesn't mean much
if you lose in the play-offs. Most partnerships, business and personal,
began with everyone committed to success. Too often, however, they end when
on of the partners becomes complacent. To be truly committed to the success
of a partner means being truly committed to our own continuous improvement.
You are either green and growing or brown and dying.
Arie De Geus, retired manager of planning at Royal Dutch/Shell, said, "The
ability to learn faster than our competitors may be the only sustainable
competitive advantage." Developing winning partnerships is not an activity.
It is a way of life that continuously evolves. These principles are not
designed to provide specific answers. To the contrary, they raise additional
questions.
Albert Einstein once said, "The problems of today cannot be resolved
by the same mind that created them." To be green and growing is to
search for principles and experiment with their application rather than
rely totally on a list of prescribed action items. To be green and growing
is to ask better questions of ourselves and our organizations. To be green
and growing is to look for new and innovative ways to put into practice
what we have known intuitively for a long time­p;success in the future
depends on our ability to create interdependent partnerships where everyone
takes responsibility for positive results.
© 1996 by Pennington Performance Group. All rights reserved.
This article may be downloaded for personal and professional development.
Copies may be shared within an individual organization. All other uses of
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author.
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