egyii blog

Creating Communication Magic

May 6th, 2010

magic-trickIf we want become great communicators, we need to know how to step back and see the communication process as it happens. This means that we are able to notice the kinds of words, body language and voice qualities that a person is using and use this information to understand how that person thinks.

One of the most important understandings of Neuro-linguistic Programming (NLP) is that ‘the map is not the territory’. We take in information from around us through our senses, in particular our sight, hearing and feelings. We then interpret this information in our own individual way, depending on a whole host of things such as our beliefs, experiences, upbringing, culture etc.

In other words, we create our own individual map of reality – and this is always going to be different from what is  actually ‘out there’ i.e. the ‘territory’. Not only that, every person’s map will be different from everyone else’s.

To be great communicators, then, we must be great observers. Only when we have taken the trouble to stand back and notice how another person is communicating can we begin to understand their map. How do they express themselves? What kinds of key words and phrases do they use? What do their gestures and facial expression tell us? What are they saying with their tone of voice?

A final word: just being aware that other people’s maps are different from our own is a simple step towards communication excellence, as this creates tolerance and a desire to investigate and understand. This alone can help us to create great performance.

James Irvine, Team Egyii, Singapore

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People as the Centre of Strategy

April 5th, 2010

In one of her blog postings Some Things Never Change, the HR Bartender (Sharlyn Lauby) reports on the results of the latest Robert Half International survey, showing that “35% of senior executives felt that unhappiness with management is the top reason for losing star employees.  This figure is up from 23% five years ago.  (FYI – for those of you who might be thinking pay is the second reason…think again.  It was fourth after advancement opportunities and lack of recognition.)”

LegoPeopleMany reasons for low employee engagement and high employee turnover are given by companies, from unhappiness about having to accept lower pay during the downturn, to high career expectations. These may play a part, but often the perception of employees by management as being less important in creating a competitive advantage than product or service innovation and marketing strategy, is bound to send the wrong signals.

When management and senior leaders recognise that in today’s tough business environment, it is their people who have the potential to create that critical competitive edge that will see companies through this crisis, only then will they change their practices.  Changing practices means honouring the untapped potential in all your people, maintaining training and development initiatives, and creatively coming up with ideas on how to place employees at the centre of your strategic plan.

Only then will businesses find that the tough times can be managed and overcome.

James Irvine, Team Egyii, Singapore

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The Weapons of Influence

March 30th, 2010

Influence: The Psychology of Persuasion by Dr. Robert Cialdini. A book review.

Persuasion

Dr. Robert Cialdini is Regents’ Professor Emeritus of Psychology and Marketing at Arizona State University and author of the best selling book, Influence: The Psychology of Persuasion. His extensive scholarly training in the psychology of influence, together with over 30 years of research into the subject, has earned Dr. Cialdini an international reputation as an expert in the fields of persuasion, compliance, and negotiation.

Cialdini begins (and keeps the theme consistent throughout) with explaining what influence and persuasion really are: exploitation of instinct (he calls it the click, whirr phenomenon, which he covers in the book). He explains how people generally operate on a “fixed-action” pattern which is manipulated through some kind of “trigger feature.” Psychologists have determined what many of these trigger features are and Cialdini lays them out in the book, calling them “weapons of automatic influence.”

In his book he cites great examples of studies and stories based on the six weapons, which are detailed as follows…

1. Reciprocation: People are more willing to comply with requests (for favours, services, information, concessions, etc.) from those who have provided such things first.

For example, in my neighbourhood, a restaurant called District 10 offers free pizza with happy hour beer prices. This works on me because 1) I usually stay past happy hour 2) I frequent the restaurant more often because they have given me something upfront and I actually like the staff (see item 6, Liking/Friendship).

Reciprocity, through listening, is an important subject matter in the Trusted Advisor philosophy. See Trust Tip 35: Reciprocity, Sales and Suicide Hot Lines.

2. Commitment/Consistency: People are more willing to be moved in a particular direction if they see it as consistent with an existing or recent commitment. Once we have made a stand or position on an issue, we are then more willing to say “yes” to a request that is consistent with that commitment.

Consider how small that commitment can be and still motivate change forcefully: a Chicago restaurant owner was beset by the problem of no-shows—people who made table reservations but failed to appear and failed to call to cancel. He reduced the problem by first getting a small commitment. He instructed his receptionists to stop saying, “Please call if you change your plans” and to start saying, “Will you call us if you change your plans?” The no-show rate dropped from 30% to 10% immediately.

3. Authority: People are more willing to follow the directions or recommendations of a communicator to whom they attribute relevant authority or expertise.

One study showed that 3 times as many pedestrians were willing to follow a man into traffic against the red light when he was merely dressed as an authority in a business suit and tie.

4. Social Validation: People are more willing to take a recommended action if they see evidence that many others, especially similar others, are taking it.

One researcher went door to door collecting for charity and carrying a list of others in the area who had already contributed. The longer the list, the more contributions it produced.

Dr. Cialdini also quotes Cavett Roberts’ advice to sales trainees, “Since 95% of people are imitators and only 5% initiators, people are persuaded more by the actions of others than by any proof we can offer.”

5. Scarcity: People want what they can’t have and people find objects and opportunities more attractive to the degree that they are scarce, rare, or dwindling in availability. Even information that is scarce is more effective.

One example is a US beef importer who informed his customers (honestly) that, because of weather conditions in Australia, there was likely to be a shortage of Australian beef. His orders more than doubled. However, when he added (also honestly) that this information came from his company’s exclusive contacts in the Australian National Weather Service, orders increased by 600%!

Stephen Worchel did a cookie experiment and found that cookies with a few in the jar were rated as more desirable than cookies with plenty in the jar. The testers admitted that they tasted the same.

As Cialdini says, ” The joy is not in experiencing a scarce commodity but in possessing it. It is important that we do not confuse the two.” Hence all the scarcity tactics.

6. Liking/Friendship: People prefer to say yes to those they know and like.

For example, research done on Tupperware Home Demonstration parties shows that guests are 3 times more likely to purchase products because they like the party’s hostess more than because of their liking of the products.

He also cites Joe Girard as the world’s greatest car salesman. He was General Motors best salesman 12 years in a row, selling 5 cars or trucks every day that he went to work. He says that he offers a fair price and someone that they like to buy from (ie. good looking/ good presentation/ flattery/ same as them/ on their side).

Conclusion: The book is well worth the read if you are interested in ways to influence and to understand what influences people. In fact, Fortune Magazine lists Influence: The Psychology of Persuasion in their “75 Smartest Business Books.”

Influence: The Psychology of Persuasion ISBN 0-688-12816-5

http://www.influenceatwork.com/

Trip Allen, Team Egyii, Singapore

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Prospecting Today: A Difficult Adventure

March 22nd, 2010

prospecting

Today, connecting is a difficult proposition. It is even tougher when you prospect.

There is no doubt that people are overly busy with their day to day personal and business tasks- and even worse, they are being “contacted” in more ways than ever: email, SMS, social media, and by phone (by “pesky” telemarketers to say the least).

It is a virtual flood out there.

How to prospect today? Differentiate in your approach

Even with all the technology and distractions today, people appreciate a real person and voice behind the attempts to connect. It just has to be done right. When was the last time you got a call from a bank with an un-targeted, sloppy approach? I got one the other day.

“Sir we can arrange a loan for you.”

“I don’t need a loan. And how can you make a promise like that- I might not even qualify?”

I challenged the caller with those questions- she had no response. Yes, I know it is her job. She is not to blame- it is management. She is following orders.

This is a  great example as to why people are being “bothered” by prospectors today, as this is an untargeted, “spray and pray” technique. There were also a lot of assumptions in this approach.

What really works? In order for the conversation to be successful, it needs to:

Achieve a goal

Satisfy a need

Solve a problem

What tools/skills does one need? The caller needs to:

Use the right opening statements, vocal techniques and rapport building skills to create interest and capture attention

Utilise conversational bridging statements to keep the customer engaged during the call

Ask effective questions in a logical order to discover the customers current situation, their stated needs and their hidden needs

Listen actively and accurately to capture relevant information first time and recognise the input and contributions received from the customer

Pick up on and respond to customer buying signals and clues that indicate the interest level of customer

Explain and link  the benefits of a product or service to meet customer needs, create interest and secure commitment versus relying on product features

Handle common customer objections by using the APART approach to keep the customer involved in the conversation and focused on the value the product will bring

Use a conversational close to ask for permission to proceed

Professionally close the call to leave a positive, lasting impression in both successful call outcome situations and when the customer declines to proceed

Yes prospecting is difficult…but it can be done. It is all about the approach.

For more, see Connect Through High Impact Sales Conversations

Andrew Sidwell, Team Egyii, Singapore

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75 Ways to Build your Trustworthiness with Clients

March 3rd, 2010

DSCN0345

Four ingredients that turn any client interaction into an opportunity for exceeding expected results while simultaneously building trust. For more, click here.

Trip Allen, Team Egyii, Singapore

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High Impact Results with Low Impact Techniques: Business Development from a Trust Perspective

March 1st, 2010

man-fishing-12

Ask any sales or non-sales executives (consultants, small business owners, etc.) what part of business they most dislike and they will almost universally answer with two words: business development (in other words, prospecting). No matter the overall business experience or training or overall capabilities, business development or thereof is typically abhorred. Not only is it difficult, but many of the processes hurt the business (and the individual’s efforts) as they are typically:

Short term focused

Utilizing techniques that are uncomfortable to both the prospects and the sales people

Product focused (and not client focused)

Over automated and under personalized

..only to cause dissatisfaction with the client in the short and long term- which subjects you to losing their business.

Disliked

This distaste reflects (or perhaps causes) one of the most troubling and intractable problems in business: despite spending time, effort and money encouraging, supporting and demanding that salespeople maintain a decent pipeline, these efforts produce low returns and poor morale.

We also observe that non-sales executives are typically experts in other areas such as consulting, engineering or marketing and are just not geared up for filling up the pipeline.

After all, who likes making (and receiving!) “cold calls.” That includes the client, who is typically annoyed with an overly automated under personalized script or technique that turns them off from the start.

What is an easier route?

There is no easy route. But there is an easier one. Everyone agrees that it is easier to get business from your current client base than chase new clients, and you should proceed along this path. If you have built a trusted relationship with your client base, you can capitalize on referrals.

But what happens when your business sees a big drought and dries up? Who can afford this scenario when things are uncertain? Nobody can.

Rewarding and Fun… What?

Here is a solution…

Business development does not need to be woeful. In fact, it can be rewarding and fun with the right attitude and approach.

One means to do this is through trust and the models that establish trustworthiness. When you understand and utilize the models of trust, you can see the power of it; it actually eases the stress and elevates the confidence in both you and your client, so that you can become more confident, comfortable and aligned with prospects.

Trust does take some time to establish, but the beauty of it all is you can start establishing trust through the structure of your dialogue (engage and listen) with your prospects right now. And, if you understand the Trust Equation, it only takes a little bit to build trustworthiness by heightening your credibility, reliability, intimacy and by lowering your self-orientation. Put these efforts in effect now and the results will endure.

Trust is ever so important in business commerce today and it is believed that trust-based business relationships are the single best route to corporate and personal success. And this different approach works for business development, too.

What could be better in times when clients or prospects are dissatisfied with the “quick turnaround” and “smile and dial” techniques that are often used today?

Results

When you develop business by initiating with trust (and therefore building trustworthiness), you get an engagement that is more personable and client focused, which allows for:

Less stress in your interactions and therefore more productivity

Faster results

Less “second guessing”

Less competitive bids

More referrals

After all , if the client trusts you, you get immediate credibility.

High impact results with low impact techniques.

For a sampling of the programme, see Trust Edge: Business Development Programme for Banking and Insurance Sales

Take the following  Trust Quiz and think about how the 4 areas of the Trust Equation can help your immediate business development and long term relationship development.

Trip Allen, Team Egyii, Singapore

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A Question of Trust

February 25th, 2010

How can you go about developing a trustworthy character?

In today’s overly competitive markets, where products tend to look the same and many companies struggle with their image, it is commonly believed that the key differentiator is your people.

It is now ever so important that your client-facing individuals (sales, product experts, leaders, marketing, and so on) establish a genuine rapport with clients, to help dispel rumours and differentiate your organisation from the competition.

The way to succeed with clients is through trust; being trusted by developing trustworthiness. Although the concept of trust is not innovative or new, the actual application is new, as it is rarely fully recognised or taught (and being trustworthy can be taught).

Some business leaders believe that trust-based business relationships are the single best route to corporate and personal success……..

For more see “A Question of Trust” from Human Resources Online, an article written by Team Egyii.

HR Mag

Trip Allen, Team Egyii, Singapore

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Winning More Business with Your Hidden “Salesforce”- Your IT Professional Services Teams

February 23rd, 2010

Whether you are a working for a large consulting company or an IT/Telecoms vendor, chances are you may be wasting one of your best resources to win business- the resources that are the least “threatening” with the most potential to influence; your professional services, consulting or sales engineering team.

Buyers buy from a non-rational (emotional) approach. Most companies (salespeople, consultants, engineers and services) approach it from a rational approach- that is positioning on a technical and/or a needs base basis. There is nothing wrong with this, however it needs to be recognized, because if it only goes to a technical or needs base basis, then chances are opportunities are missed and wasted.

As you build your relationship and the client relationship progresses, it moves from the  technical or needs base basis and  reaches its peak at the next level, the relationship level. Again, there is nothing wrong with this, but rarely does it reach the trusted advisor status, the highest status of all relationships.

Reaching a trusted advisor status opens up more opportunities by easing the lines of business and the relationship highways that need to be built for current and ongoing business.

It is also a BIG differentiator in today’s competitive services world, that everyone wants a part of.

What keeps most companies from meeting the trusted advisor status?

The sales organization’s “processes.”

The pressure of sales organizations tends to drive salespeople to be very “seller” centric, which then tends to drive the buyer away. This gives the professional services team the opportunity to be more customer or buyer centric (focusing on the buyer’s personal needs), as they don’t have the pressure to sell and close.

Most sales organizations treat their clients as “competitors,” often holding information back and not collaborating. They are often afraid to open up and share too much. Buyers value openness and openness build trust. Professional services team don’t typically feel the “heat” of the corporate led competition attitude – this gives them the opportunity be transparent and to collaborate.

Most sales people are not good listeners (and it’s not always their fault). They are focusing too much on the sales process, the outcome of the meeting, the “advance” and their own “seller focused” agenda. Professional services teams have a better opportunity to listen (once they get over their rational, technical product approach) and the power of listening builds relationships.

Most salespeople are short term focused- whatever it takes to close the deal to meet monthly or quarterly objectives. Buyers sense this and know it- and don’t necessarily like it. Professional services teams can capitalise by looking medium to long term- to build the relationship, to keep the client long term.

(I am not blaming the sales people for their faults- it is typically the system that drives their behaviours. The system, or sales process is typically a “one size fits all” process. A process is OK, it just needs to be flexible)

All of these models build trust. And trust transforms relationships, which transforms business.

The Personal and Risk Aspect

Trust and relationships are personal. Professional services teams appear to be less threatening in the eyes of the client, and therefore have great potential to become more personal, to build trust and relationships, and therefore influence, without changing the professional services teams status quo and making them feel “uncomfortable.” After all most professional services people are not salespeople and many don’t want to be.

The risk in buying professional services is also very high. Why?

The product is partially intangible and partially comprised of people knowledge and skills

The overall stakes are high

The range of outcomes can be wide and unclear

The seller typically has command of technical expertise that the buyer does not (which makes it somewhat threatening to the client)

There is financial and business risk–but there is great emotional and political risk as well. In a trusting relationship, risk is mitigated because the “transactions” become personal.

Is it time to look at your business, transform it and fill your pipeline by releasing your hidden weapon of influence- your professional services team? Give it a think. A big think.

Trip Allen, Team Egyii, Singapore

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“Never Eat Alone…

February 17th, 2010

….and Other Secrets to Success, One Relationship at a Time”

Ok so this book is about 5 years old. Maybe I am a bit slow getting to it. Doesn’t matter. After about a half dozen people recommended it, I bought it “used” on Amazon.

It is the best book on meaningful connecting and networking I have yet to encounter. There are no voodoo tactics. It is all real. OK, so Keith is smart- he is extraordinary. Doesn’t matter, he is real.

Read it early in your career. Read it when you near the middle or end of your career. Read it. Please.

The following quotes sum the book up better than I can. Why reinvent the wheel?

Ferrazzi grew up in rural Pennsylvania, the son of a steelworker and a cleaning lady, yet his ability to connect with others led to a scholarship at Yale, a Harvard MBA, and a prestigious partnership at Deloitte Consulting. His skills at creating and maintaining a network of contacts are nothing short of those of a serious presidential contender. All business hopefuls seek to enter a sphere of players more powerful than themselves, and Ferrazzi says that sometimes all it takes is asking. The book is dense with suggestions. Seek out mentors to guide you and introduce you to the people you need to know and then become a mentor yourself. Use your initial conversation to show the other person what you have to offer them, and never keep score. Make others feel important by remembering their names and birthdays. And don’t be afraid to open up and show vulnerability–it’s a great icebreaker. Ferrazzi presents a whirlwind of ideas to widen your circle of contacts that goes way beyond the usual stale concepts of “networking.” David Siegfried
Copyright © American Library Association. All rights reserved

The youngest partner in Deloitte Consulting’s history and founder of the consulting company Ferrazzi Greenlight, the author quickly aims in this useful volume to distinguish his networking techniques from generic handshakes and business cards tossed like confetti. At conferences, Ferrazzi practices what he calls the “deep bump” – a “fast and meaningful” slice of intimacy that reveals his uniqueness to interlocutors and quickly forges the kind of emotional connection through which trust, and lots of business, can soon follow. That bump distinguishes this book from so many others that stress networking; writing with Fortune Small Business editor Raz, Ferrazzi creates a real relationship with readers. Ferrazzi may overstate his case somewhat when he says, “People who instinctively establish a strong network of relationships have always created great businesses,” but his clear and well-articulated steps for getting access, getting close and staying close make for a substantial leg up. Each of 31 short chapters highlights a specific technique or concept, from “Warming the Cold Call” and “Managing the Gatekeeper” to following up, making small talk, “pinging” (or sending “quick, casual” greetings) and defining oneself to the point where one’s missives become “the e-mail you always read because of who it’s from.” In addition to variations on the theme of hard work, Ferrazzi offers counterintuitive perspectives that ring true: “vulnerability… is one of the most underappreciated assets in business today”; “too many people confuse secrecy with importance.” No one will confuse this book with its competitors.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Never

Trip Allen, Team Egyii, Singapore (go get ‘em, tiger! 虎 )

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Gong Xi Fa Cai!

February 15th, 2010

Gong Xi Fa Cai 正月

Happy Lunar New Year.

May the Year of the Tiger be ever so prosperous to you and your family!

tiger-jpg

Team Egyii, Singapore

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