Business Talking Points

There’s a group of people perpetually defined by their constant focus on selling. They spend most every minute of every day thinking, “sell, sell, sell.” Their product is words and their audience is anyone with an ear. We in the business world should pay close attention.

Politicians wake up each morning on a crusade to convince anyone and everyone to let them have their way. It’s disciplined, transparent, wonderfully effective and built almost entirely on a razor sharp focus on “message”.

2012, of course, is an election year so the full menagerie of candidates is on display for all to see. Each one operates his or her campaign utilizing deeply researched and battle tested “Talking Points” to effectively manipulate the media and voters into accepting their message as the best option come Election Day. We in the business world could learn a thing or two about the power of effective Talking Points in improving our own market share.

Let’s take a look at five Talking Points every company or organization should script, define and communicate in order to compete effectively:

  1. “I Pledge of Allegiance.” A “We Believe” statement that expresses exactly what your company or organization stands for, is motivated by or sees as its most passionate purpose or what it can be the best at. Something that inspires WHY, not how or what.
  2. “The customer is always right”: Craft a specific response to each of the three most typical complaints you may hear in your industry or in your particular business. Build it with empathy and make it customer concentric; an explanation that doesn’t invoke excuses and never blames the customer. This is often listed as the number one rule in business along with the second most important rule: Read rule number one again!
  3. “That guy’s a screw-up.” Every salesperson runs into the occasional client or prospect that has had a bad experience with one of their colleagues, and every organization needs a thoughtfully prepared, well-rehearsed auto-reply for this situation. Varied or inconsistent replies to complaints help only to antagonize the prospect and serve to extend the distaste to the entire organization.
  4. “Our competition is….” You can name your competition in your sleep. You know what differentiates you and which advantages you enjoy and which area’s they hold an edge. Every organization needs an approved set of Talking Points for each of their three most direct competitors. These should never include negative comments. They should accentuate favorable distinctions on your behalf and speak to what the prospect might find important, not what you find important. It’s always best to highlight specific examples from people who have chosen you over the competition in the past.
  5. “How much?” Every company charges money for its product or service but very few have prepared articulate explanations of how that price is determined. This is easier for some products and services than others but it still needs to be addressed. Trying to explain price as a function of cost is more effective than explaining it as a function of the market, but be careful not to make it a spreadsheet discussion or delve too heavily in your expenses. This one will take work but needs to be done.

Once these Talking Points are established you need to train your entire staff on them: role play, test, mix and do again. It’s also a nice idea to revisit the TP’s for each category every 90 days or so to make sure they’re tight and optimally efficient. No need to do this every three hours like some politicians, after all, you’re not looking to win votes, you’re looking to win relationships.

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Fugitive Thoughts

by Dean on May 7, 2012

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Seven unique comments and observations to kick off the week.

  1. I recently asked two well-educated friends what they thought was the actual percentage of homes in foreclosure today in the US. One answered 60% and the other answered 10%. Once again proving that anything the media steadily focuses on becomes larger than life.  Incidentally the correct answer is under 3%.
  2. The tragic suicide of NFL legend Junior Seau continues to create heavy dialogue about the  violent nature of professional football. Fair enough, but before the sport morphs into Flag Football shouldn’t there be some discussion about the systematic use of performance enhancing drugs in the league? PED’s are the proverbial elephant in the room when it comes to discussing everything from concussions and brain damage to post-career stress. I guess addressing the possible consequences of self-inflicted behavior so soon after someone’s death is considered off-limits – especially when the deceased is as beloved as Junior.
  3. There’s either a bidding war with landlords or a bidding war with sellers. One or the other.  Many markets are beginning to see the latter eclipse the former and that‘s a positive sign of traction in the housing market.
  4. “Don’t wish things were easier, wish you were better.” Yes, this applies to mortgage credit worthiness as well. Consumers can’t change lending guidelines (and heavens please, we don’t want politicians doing it again) but they can change their ability to qualify. Handle what’s within your control: work your credit score wisely, maintain good records, avoid job gaps and build a nest egg – no matter how big or small.
  5. Taking action – some action, any action – is Kryptonite to Overwhelmed. We all like to remind ourselves that “time flies” but when it comes to handling problems we act like it stands still. It doesn’t. Chop away at small things daily and before you know it (time flies after all) you will have managed to literally smash Overwhelmed into tiny pieces.
  6. As if I don’t embarrass myself enough  walking and talking most days (or writing), I’ll be one of the dozen participants in Woman’s Council of Realtors  2nd annual Bra’s for a Cause event to benefit the Gloria Gemma Breast Cancer Foundation on June 1st at Twin Rivers in Lincoln, Rhode Island. Tickets are $30. I’m sure you can guess what they’ll have me wearing.
  7. We hear this quite often and I think the sentiment is woefully math-deficient: “My house use to be worth $300K but now I can only get around $220K for it so it doesn’t make sense to sell it and try to move up.” OK, fine, sure BUT the house you would be moving up to use to sell for $600K and now it sells for only $450K so by my math you’re UP $70K! Never a better time for the move-up buyer if they can afford the higher priced home. You’re buying future wealth at a sale price.

Have a great week everyone and we’ll be back Thursday with the video blog.

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