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OEM Strategic
Selling: The Basics vs. the “Buzz”
By Ken Talentino
This is the first
article in a three-part series about OEM strategic selling. The concepts
and materials for these articles are from “The Curve,”
by Ken Talentino.
Mobile communications
and social media networking have had a dramatic impact on the way we do
business. We now operate in an environment shaped by the phrase “24/7,”
with an ever-increasing demand for instant responses and constant
availability. The proliferation of the technologies that enable this
state of being, which we’ll call the “buzz,” has only served to magnify
the importance of back-to-basic selling skills.
This may appear to be counterintuitive, but history shows us that
technology applied without a strong fundamental base is doomed to fail.
The introduction of factory automation is one example. This
revolutionized manufacturing operations, resulting in increased
productivity and improved quality, but only after the basic processes
were in place.
The age of factory automation had an incredible impact on production
efficiencies, which increased the final output. However, it was soon
realized that you could quickly produce as many bad widgets as good
ones. Thus, a premium was placed on back-to-basic operational
fundamentals, in the form of process controls, supplier relationships,
and modern management philosophies, such as six-sigma and lean
management. Once the basic processes were identified and controlled, the
full value of automation could be realized. The same evolutionary
process appears to be true today in regards to OEM technical sales.
The introduction of sales automation via CRM systems, portable
communication devices, electronic collaboration, and real-time access to
data has had a profound impact on OEM sales. Every major interconnect
company offers extensive online catalogs and ordering tools. However, as
with early adoption of factory automation, these systems and
communications tools are not a substitute for basic selling skills. In
fact, they may hinder sales productivity. As with early factory
automation, they are only effective when used to automate an existing
robust and sound sales practice. It is therefore imperative that the
sales basics are not lost in a sea of technologies, or the “buzz.”
The fundamentals to successful selling, including identifying decision
makers, building a partnership, creating a unique selling proposition,
and continuous follow-up, are as vital today as they were prior to the
onslaught of electronic devices. In fact, as with early factory
automation, today’s salespeople can rapidly lose their customer base if
they fail to develop effective selling skills, especially customer
service skills. This puts a premium on the development of basic selling
skills and processes prior to relying on sales automation tools. It is
imperative that the sales training processes be robust, lest you simply
automate an inefficient or defective sales system.
Sales growth is the lifeline of a viable organization, thus effective
sales training is critical to the future success of a company. The
leverage impact of topline growth is three to one vs. cost-cutting
alternatives to profit. Therefore, development of a trained,
well-equipped, and professional sales team should be the number one
organizational priority. A sales team needs the tools to effectively
perform at a high level, but to never confuse the “buzz” with sound
fundamental selling skills.
Next time: Learn to strategically select customers that have the highest
probability of developing into successful long-term partnerships.
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Ken
Talentino has held executive sales and marketing positions with
leading technology-based companies over the past 25 years. He
has been responsible for selling more than $1 billion worth of
products to leading OEMs in a variety of global markets, and has
played an upper management role in corporate turnarounds in
several technology-based companies, while strategically
revamping their sales teams. Ken earned a bachelor of science
degree in marketing from Sacred Heart University, an MBA in
marketing and finance from the University of Bridgeport, and a
Six-Sigma Green Belt Certification from the University of
Michigan school of engineering.
Contact Ken at
kentalentino@verizon.net
or
508.789.3211.
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