Upselling Techniques: (That Really Work!)

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Format: Paperback
Pub. Date: 2005-04-01
Publisher(s): Adams Media Corp
List Price: $9.95

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Summary

America's # 1 corporate sales trainer gives readers a complete system for developing and executing successful upselling plans for new and existing accounts--without pushing the envelope too far.

Author Biography

Bestselling author Stephan Schiffman founded D.E.I. Management Group in 1979 and has since led his company to become one of the nation's fastest growing sales training companies. A leader in motivational and sales training, he is a certified management consultant who has trained and consulted with a wide range of international corporations, including IBM, AT&T, Motorola, Sprint, and CIGNA. Schiffman has written over 50 books, which have sold well over six million copies internationally and have guided generations of salespeople through their career challenges. His articles are published frequently in publications such as The Wall Street Journal, The New York Times, Sales and Marketing Management, Personal Selling Power, Corporate Travel Magazine, and INC. magazine. Mr. Schiffman divides his time between managing D.E.I., selling, training, consulting, and product development. He continues to serve as a frequent guest on national radio and television shows, including CNBC’s Smart Money, Minding Your Business, Steals and Deals, and Money Talk.

Table of Contents

Author's Note ix
Introduction: A Tale of Two Conversations x
Part I: Foundation Concepts
``Before We Begin . . .''
3(2)
How to take the initiative in conversations with prospects while building the foundations of an effective selling strategy
What Is Upselling?
5(4)
Upselling defined---the process, the challenges, and the great results
Upselling Is a Conversation
9(2)
What kinds of questions you should---and shouldn't---ask to promote upselling
Selling by Not Selling
11(4)
Why ``less is more'' applies to upselling and how to move the process forward during nonsales conversations
``It Makes Sense!''
15(6)
The three words that determine every buying decision and that form the basis of the most effective closing strategy
Verification
21(4)
How to effectively incorporate this essential substep into the sales process
Remember Why People Buy!
25(2)
Gathering the information that makes a successful presentation possible
Offer, Timetable, Price
27(2)
Ways to move past the inevitable obstacles raised by these critical topics
Essential Upselling Principles
29(2)
Fifteen principles that every successful upseller will follow
Key Communication Principles
31(8)
Creating the flow, anticipating responses, and communicating through stories
Part II: On the Phone
Why Telesales Is So Tough
39(4)
The special challenges telesales professionals face and how to rise above them
By the Numbers
43(4)
Measuring sales activity and turning numbers into useful ratios
What Do the Numbers Mean?
47(6)
The importance of the upselling ratio in both inbound and outbound sales
Two Models
53(6)
Transitional phrases that carry you through the critical points in your calls
What You Really Want to Know
59(2)
The most important piece of information you need to uncover on an inbound call
``My Hands Are Tied!''
61(2)
Effective upselling while working with a script
The Turnaround in Action
63(4)
Getting past the initial negative response to move forward
Another Use for ``By the Way''
67(2)
Using transitional phrases to help verify your information
The Telesales Upsell
69(4)
What the telesales upsell sounds like and two philosophies for telesales success
Additional Thoughts on the Telesales Upselling Process
73(4)
Finding the right tone, emotional message, stories, and humor that lead to great telesales
Part III: Face-to-Face
Questions You Should Be Able to Answer
77(4)
The answers you need to have before you try to close a sale or begin to upsell
Four Phases of the Relationship
81(4)
Determining if you are a seller, supplier, vendor, or partner---and how your status affects your upselling efforts
Beware of Bad Assumptions
85(2)
The ways that we can mislead ourselves while upselling and the questions that will put us on the right track
Raise the Hard Issues Yourself
87(4)
Dealing with difficult objections and avoiding the dreaded ``Let me think about it.''
Returning to the Plan
91(4)
Uncovering the different motives that customers have for buying and tailoring your upselling efforts to fit them
The Six Mindsets of Change
95(4)
The mental roadblocks that can hold back our prospects---and ourselves---when faced with innovative change
Tales of a Cable Installer
99(2)
An example of a subtle and highly effective upselling conversation
The Simplest Upselling Strategy of Them All
101(4)
Upselling letters---how to create them and who to send them to
When You Work for a Large Organization
105(4)
Successful strategies for upselling at a large company
``Just Focus on Him''
109(2)
The importance of personal attention (and, surprisingly, Tom Hanks) to the upselling process
Pull Out Your Legal Pad
111(4)
Building rapport and a better upselling environment through old-fashioned note taking
What's the Next Step?
115(4)
The necessity of obtaining a Next Step and what it means if you can't get one
``Based on What We've Discussed Today. . .''
119(4)
A useful phrase for generating the right kind of Next Steps
Meet Billy Mitchell
123(6)
Lessons to follow and pitfalls to avoid while upselling, from a pioneer of military aviation
The Art of Making People Look Good
129(6)
Why being able to help someone at another company shine is an essential upselling skill
The Follow-Through Campaign
135(4)
Following up on your upselling efforts to sell even more
The Mole
139(4)
Enlisting a member of a target organization as an ally in your upselling efforts
``I've Got an Idea...''
143(6)
How you can create strategic partners in an organization with anyone from a key contact to a CEO
Upselling to a Committee
149(6)
Challenges, opportunities, and common mistakes when upselling before a committee
Know When to Move On
155(4)
The danger signs that you're wasting your time and effort in an upselling initiative
The Hallmarks of an Upselling Sales Culture
159(2)
Thirteen beliefs that work to create a healthy environment for effective upselling
The Shopping Bag Rules
161(2)
The strategies---all from the side of a grocery bag---that define true success in business and in life
Appendix A: Customer Service Principles 163(4)
Appendix B: A Retail Upselling Model 167(5)
Index 172(4)
About the Author 176(1)
About D.E.I. Management Group 177

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