|
The Costanza PrinciplePosted by: Michael Port
|
Typical:
Always Be Closing
Using the Costanza Principle, the opposite is:
Always Be Opening
Why? Because you never know when a complex sale is going to be “made.” Our job is to continue to open doors not work to close them. How do you do this? With an always have something to invite people to offer. Stop selling and start inviting. Deliver so much value that you think you’ve gone to far and then deliver more. The people you’re meant to serve will then raise their hands and ask to buy from you. (See chapter 6 in Book Yourself Solid).
Typical:
There’s a Sucker Born Every Minute
Using the Costanza Principle, the opposite is:
Our Customers Are Smarter Than We Think
Well, obviously this typical sales shtick is low vibrational and absurd if you’re selling high value services. But we still hear it all the time as part of the typical sales mentality. Why must we continuously disrespect our customers—the people we’re supposed to be serving (serving being the operative word)? I’m spoken down to all the time by people selling me a wide range of products It doesn’t matter whether I’m buying new hardwood floors, stereo equipment, or a salmon filet at the market, I am perpetually perplexed at how people talk down to those whom they wish to sell to. The odd thing is… it is actually a lot easier to sell when we respect the intelligence of our customers. And when we do, they tell us how to sell them what they want.
Typical:
Speed Selling (AKA: Close Early and Close Often)
Using the Costanza Principle, the opposite is:
Slow Down!!!
I do almost everything quickly. Ask anyone that knows me and they'll tell you that patience is not my greatest virtue.
But there is one thing I do slowly--sell. Which is the opposite of the typical selling paradigm, isn't it?
Why must we rush that process? Why must we set up sales processes and bonus structures and incentive plans for closing sales quickly? Why must it always be about the end of the month, or the quarter or whatever?
I've been searching for a new Customer Relationship Management (CRM) software for some time now and believe that I've found the system that I'd like to use. However, in order to use it, I need to have an application built that will integrate all of my customer and client data between my online system and this new CRM system.
The salesman that I'm dealing with is a really nice guy. He's been super helpful. In fact, he's extended our trial period for the software a number of times because my programmer needs to access it to create the app and it's taking longer than expected to build, as is often the case in software development.
One problem though... this lovely salesman keeps calling and emailing with great urgency at the end of each month to see if I'm ready to close the deal. In fact, he calls each time letting me know that it's the end of the month and he'd really like to hit his numbers so he's hoping I can make something happen before the end of that week or, worse yet, the end of that day.
Now, again, he's a really nice fellow, but I'm not buying this system for him. And I'm certainly not buying it according to his time frame so he can make his numbers.
The point is, we often set up processes that are meant to incentivize our sales people, and all they do is put pressure on our sales people to then put pressure on our potential customers.
What if we reversed the process? What if we rewarded our sales people for building trust over time? What if our sales professionals were offered bigger bonuses when they made more (and more meaningful) contacts with potential customers over longer periods of time? What if we offered a bigger bonus to a salesperson because they made a sale three years after first contact rather than 3 seconds after the first contact?
What if, just once, we thought about the not so distant future rather than just the next few minutes? Not only will you have happier prospects but you might also just have better customers. At least think about it… please?
Typical:
Don’t Sell the Steak, Sell the Sizzle
Using the Costanza Principle, the opposite is:
Sell the Steak (AKA: Sell the real value)
I know. I know. A little sizzle is helpful—as long as it’s part of the story of the product and reflects what the product actually offers. When I hear “don’t sell the steak, sell the sizzle” I immediately loose my appetite because it invariably leads to over-hyped totally unrealistic promises (aka: lies). Which, as you well know will diminish the trust and credibility you are trying to build with potential clients. I’ve been working on cutting out the unnecessary and extraneous hype from my language, my writing, and other marketing materials. I’m not 100% there yet but getting better.
Look, here’s the thing. Many sales professionals “have” to sell products that are far from a 16oz. perfectly aged and seasoned filet. They may be trying to sell left over scraps and they are forced to try to find a way to create some sizzle. But you don’t have that problem. (If you do, get out of that business.) You offer a remarkable product that a highly targeted, very specific group of people or businesses would go nuts for.
Just tell the truth. People really like that. Remember, our customers are smarter than we think.
Typical:
Enthusiastic Selling
Using the Costanza Principle, the opposite is:
Enthusiastic Buying
Have you heard of the concept of “Enthusiastic Selling”? It makes sense right? If we’re not enthusiastic about what we’re selling we should just go home… BUT and it’s a big but… almost every parody of the snake oil salesman or, to make the analogy a bit more modern, the late night infomercial salesman, shows them so enthusiastic you worry they might have an aneurism.
Fact of the matter: people don’t really care how enthusiastic you are. Rather they care about your sincerity and integrity. And, moreover, what matters most is how enthusiastic your potential customer is about what you are selling. Selling sucks when you’re trying to sell something to someone that is not enthusiastic about buying what it is you’re selling. And all the enthusiasm you can muster won’t change that. Heck, you’ve been there, right?
So, let’s get out of the way and let our customers buy—enthusiastically! People love to buy. I certainly do. And if we honor our Red Velvet Rope Policy of working only with clients or customers that are ideal for us selling just gets easier and easier (see Chapter 1 of Book Yourself Solid).
I’ve got many more examples. But that’s enough for now.
Permalink
http://www.michaelport.com/blog/posts/the-costanza-principle.htmlTrackbacks
The trackback url for this post is:http://www.webmarketingsales.com/platformblog/blog_pingservice.php?item=334
Comments
You continue to amaze me - all while making me learn AND laugh!
This is a GREAT principle!
~ Amy Ewart
(aka...your VA of Choice) ;-)
Hi Micheal -
Love it! Now I don't feel like I was wasting time watching every episode of Seinfeld over and over. I was simply "studying" the entire time!
Thanks,
Lou Bortone
"The Online Video Guy"
The Costanza Principle definitely resonates with me. Slowing down, providing real value, and being enthusiastic about the impact that your product or service with have your customers are essential but the opposite of what the “Sales Experts” will tell you.
If one more person tells me that “it’s a numbers game”, I think I will scream. The truth is it is a love game, a connection game. And if you (or I) don’t have something worth sharing or connecting with then we should find another business.
One of the problems is that the generally excepted principles (sell fast, cold calling, always be closing, etc.) feel so nasty that many professionals with something truly wonderful to share never get themselves and their message out there. Of course we know that there is an alternative that not only feels better but is much more effective. Focusing on the value you provide, taking the time to develop relationships, and being yourself.
I am not saying it is easy. There is a lot of work to do to get your message out so you connect with those you are meant to serve. I am saying that it is worth it. It also feels great!
Thank you Michael for swimming upstream!
This is really good, helpful advice!
Not only about sales, but the whole idea of taking the "conventional wisdom" in any field, and using the Costanza Principle to turn it around!
I'm going to enjoy trying this principle out in other areas, and seeing what new ideas I come up with!
1. I agree with the opposites, but It's hard to "slow" down the sales process when the mortgage and other bills are due monthly--and they don't care that I'm "developing" my business.
2. Over the years I've developed most of my business from coldcalling and I have never been a super high production closer. Makes it difficult to have a constant flow of commissions when I have to be the one to find each new customer.
3. 2007 is finally my year to develop business through others, so I especially like the always be opening concept. It has become so hard to get people to pay attention to you unless someone recommends you first. I must master the art of getting recommended to open new doors to help people.
Who knew Costanza and Seinfield was and is such an important icon for sales. Seems Jeff Gitomer is also a fan.
Michael,
I loved this post! A lot of what you outlined works perfectly for those of us who dislike selling and want to go against conventional methods and stand out a little more.
I'll be bookmarking this post and checking back often to see how my own tactics are measuring up to these principles.
Thank you for sharing!
Erin Blaskie
www.bsetc.ca
Excellent article. Great points as usual Michael. No wonder you are who you are.
Kathleen Gage
The Street Smarts Speaker
Michael,
I've got it! The new ABC. Always be connecting!
That's how I "sell" and it NEVER fails because connecting is the goal and the person hiring me or taking a class from me happens naturally if it's right for them. How simple and beautiful is that? And, I get to live one of my core values constantly - connecting.
Thank you for starting this juicy conversation!
Ann Strong
Instigator and founder of the Thriving Coaches Revolution
Michael,
I truly agree with slowing ourselves down to really build relationships, and always offering substance beyond others' wildest dreams! I love your book and your ideas! Thanks.
Michael,
Slowing down to build relationships rather than the hard sell has made selling easier to do. I am actually learning to like the sales cycle you covered in detail in your book.
I might have to start watching reruns of Seinfeld.
Shelley
It really works! Without knowing the 'system' had a name, I've been practicing the Costanza Principle for a year-and-a-half since leaving my cable TV advertising sales job. In that life, I was paid to sell cable television advertising. Whether or not a prospect actually needed it was almost irrelevant. Now when I explain to a suspect that I counsel and assist business owners in buying only the advertising that makes sense for their idividual needs, they often say "Wow, I'd like you to do that for my business." Let me repeat - the Costanza Principle works!
I love this and first read about this in Andrea J. Lee and Tina Forsyth's Money Meaning and Beyond ( http://moneymeaningandbeyond.com/ ). When in doubt, flip your tactics.
Yes, Andy, you're right. I actually mentioned the phrase and concept to Andrea when she was working on her book. She and I discussed this a few weeks ago when we had dinner in Philly.
There no single approach to selling. Some companies have standardized transaction selling that don't really emphasize the relationship.
The Constanza approach fits well for salespeople that place the personal relationship on equal footing with the transaction. This approach works well when you have opportunities for upselling and is a heck of alot more rewarding for me personally.
If in what you are selling, you don't have a likelyhood for repeat business then perhaps you will be expected to hunt lots of first-time customers. Some sales people are more tuned to that frequency.
Vive la difference!























