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Trust


Trust Centered Selling
High profits through trusting relationships
the reality
sellers are stereotyped




© 2008 true colors consulting llc
Sellers are…                       greedy
                                     poor listeners
                                     after the sale
                                    money hungry
                                                etc.

© 2008 true colors consulting llc
self-oriented




© 2008 true colors consulting llc
the stereotype
                                    didn’t get here
                                        overnight,
                                           it was…

© 2008 true colors consulting llc
built with…bricks of
                                           incompetence



© 2008 true colors consulting llc
and the mortar of
                                       false promises



© 2008 true colors consulting llc
the barrier between
                                     buyers and sellers?



© 2008 true colors consulting llc
the invisible wall of distrust




© 2008 true colors consulting llc
how do sellers deal with “the wall”?




© 2008 true colors consulting llc
the invisible wall of distrust
                                     Unaware
                                       Ignore
                                    Lower Price
                                    Circumvent
                                      Give Up
                                    Shift blame




© 2008 true colors consulting llc
sell…
                                    a four letter word to many




© 2008 true colors consulting llc
The breadth of corruption laid out
    in these charges is staggering
    quot;They allege that Blagojevich put
    a 'for sale' sign on the naming of a
    United States Senator; involved
quot;
    himself personally in pay-to-play
    schemes with the urgency of a
    salesman meeting his annual sales
    target…
a cumulative effect…
                                    current events



© 2008 true colors consulting llc
broken trust
© 2008 true colors consulting llc
© 2008 true colors consulting llc
paradox in selling



© 2008 true colors consulting llc
The less we try to make the sale
                           and the more we make trust the
    quot;
                           sale, the more successful we are
                           as sellers.

© 2008 true colors consulting llc
isn’t trust just touchy feely?
Trust is real, hard-edged and
                                    quantifiable
                                                         The Speed of Trust, Stephen M.R. Covey




© 2008 true colors consulting llc
fact #1

The US wastes more in
healthcare
bureaucracy than it would
cost to provide healthcare to
all the uninsured

                                    Source: International Journal of Health Services. Vol. 34, 2004




© 2008 true colors consulting llc
fact #2
High Cost of Sarbanes-Oxley - Oxley
                     Sarbanes

                        100X
                    SEC original estimate


                         Financial Executives International survey of 321 companies
fact #3


                                    employee trust levels and corporate
                                    performance are closely linked…the
                                    rate of 3-year total returns to
                                    shareholders is almost 3x higher at
                                    companies with high trust levels than
                                    at companies with low trust levels.

                                                       Watson, Wyatt WorkUSA Survey



© 2008 true colors consulting llc
fact #4

                                 No Trust


                                  No need


                  No desire to change


                              No urgency


                              Not budget

reasons for                            Other 
failed sales
                                                10   20              30               40                50               60
                                                     % of Selling Situations
                                                                          Source: Miller, Heiman, Conceptual Selling, p. 219



   © 2008 true colors consulting llc
myths about selling success




© 2008 true colors consulting llc
expertise
wins
  © 2008 true colors consulting llc
features win
low price wins
90%      100%
                                                50%
            0%                      25%


                                   1st          2nd        Verbal
    Fallback                                                        Close
                               Appointment   Appointment   Close




                                                   processes win

© 2008 true colors consulting llc
warning:
relationships
aren’t linear
All buying decisions are based on
                                    emotion and justified with logic.




© 2008 true colors consulting llc
People buy from people
        they perceive as trustworthy


© 2008 true colors consulting llc
the fruits of high trust?



© 2008 true colors consulting llc
double
                                             checking


                                management
                                by process

                     multiple
                     sourcing

          second
          guessing

elapsed
  time
                                  lower costs
                                                        Source: Trust-Based Selling, Charles H. Green
efficiency,
                                                     effectiveness

                                       management
                                       by decision

                         willingness
                          to listen


           cooperation


   fast

                           higher
tracking



                           margins/revenue
                                                                     Source: Trust-Based Selling, Charles H. Green
isn’t trust building
an art…
no, it’s both


 © 2008 true colors consulting llc
a myth about the role of the seller




© 2008 true colors consulting llc
you don’t
                                    have to sell
                                      your soul
                                        to sell
© 2008 true colors consulting llc
how can I
plug in?
Trust


Trust Centered Selling
High profits through trusting relationships




© 2008 true colors consulting llc
live training




 © 2008 true colors consulting llc
webinars



Webinar Course
Trust Roadmap Selling™ Program
High profits through trusting relationships




 © 2008 true colors consulting llc
coaching




 © 2008 true colors consulting llc
CPA’S
                                    •
                                         Attorneys
                                    •
 who would                               Engineers
                                    •
                                         IT Managers
                                    •
 benefit?                               Professional Sellers
                                    •
                                        Anyone interested in
                                    •
                                        becoming a trusted
                                        advisor


© 2008 true colors consulting llc
thank you


                                           to learn more:
                                    www.truecolorsconsulting.com
                                            Mark Slatin
                                           410-480-2255




© 2008 true colors consulting llc

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Trust Centered Selling

  • 1. Trust Trust Centered Selling High profits through trusting relationships
  • 4. Sellers are… greedy poor listeners after the sale money hungry etc. © 2008 true colors consulting llc
  • 6. the stereotype didn’t get here overnight, it was… © 2008 true colors consulting llc
  • 7. built with…bricks of incompetence © 2008 true colors consulting llc
  • 8. and the mortar of false promises © 2008 true colors consulting llc
  • 9. the barrier between buyers and sellers? © 2008 true colors consulting llc
  • 10. the invisible wall of distrust © 2008 true colors consulting llc
  • 11. how do sellers deal with “the wall”? © 2008 true colors consulting llc
  • 12. the invisible wall of distrust Unaware Ignore Lower Price Circumvent Give Up Shift blame © 2008 true colors consulting llc
  • 13. sell… a four letter word to many © 2008 true colors consulting llc
  • 14. The breadth of corruption laid out in these charges is staggering quot;They allege that Blagojevich put a 'for sale' sign on the naming of a United States Senator; involved quot; himself personally in pay-to-play schemes with the urgency of a salesman meeting his annual sales target…
  • 15. a cumulative effect… current events © 2008 true colors consulting llc
  • 17. © 2008 true colors consulting llc
  • 18. © 2008 true colors consulting llc
  • 19.
  • 20. paradox in selling © 2008 true colors consulting llc
  • 21. The less we try to make the sale and the more we make trust the quot; sale, the more successful we are as sellers. © 2008 true colors consulting llc
  • 22. isn’t trust just touchy feely?
  • 23. Trust is real, hard-edged and quantifiable The Speed of Trust, Stephen M.R. Covey © 2008 true colors consulting llc
  • 24. fact #1 The US wastes more in healthcare bureaucracy than it would cost to provide healthcare to all the uninsured Source: International Journal of Health Services. Vol. 34, 2004 © 2008 true colors consulting llc
  • 25. fact #2 High Cost of Sarbanes-Oxley - Oxley Sarbanes 100X SEC original estimate Financial Executives International survey of 321 companies
  • 26. fact #3 employee trust levels and corporate performance are closely linked…the rate of 3-year total returns to shareholders is almost 3x higher at companies with high trust levels than at companies with low trust levels. Watson, Wyatt WorkUSA Survey © 2008 true colors consulting llc
  • 27. fact #4 No Trust No need No desire to change No urgency Not budget reasons for Other  failed sales 10 20 30 40 50 60 % of Selling Situations Source: Miller, Heiman, Conceptual Selling, p. 219 © 2008 true colors consulting llc
  • 28. myths about selling success © 2008 true colors consulting llc
  • 32. 90% 100% 50% 0% 25% 1st 2nd Verbal Fallback Close Appointment Appointment Close processes win © 2008 true colors consulting llc
  • 34. All buying decisions are based on emotion and justified with logic. © 2008 true colors consulting llc
  • 35. People buy from people they perceive as trustworthy © 2008 true colors consulting llc
  • 36. the fruits of high trust? © 2008 true colors consulting llc
  • 37. double checking management by process multiple sourcing second guessing elapsed time lower costs Source: Trust-Based Selling, Charles H. Green
  • 38. efficiency, effectiveness management by decision willingness to listen cooperation fast higher tracking margins/revenue Source: Trust-Based Selling, Charles H. Green
  • 39. isn’t trust building an art… no, it’s both © 2008 true colors consulting llc
  • 40.
  • 41. a myth about the role of the seller © 2008 true colors consulting llc
  • 42. you don’t have to sell your soul to sell © 2008 true colors consulting llc
  • 44. Trust Trust Centered Selling High profits through trusting relationships © 2008 true colors consulting llc
  • 45. live training © 2008 true colors consulting llc
  • 46. webinars Webinar Course Trust Roadmap Selling™ Program High profits through trusting relationships © 2008 true colors consulting llc
  • 47. coaching © 2008 true colors consulting llc
  • 48. CPA’S • Attorneys • who would Engineers • IT Managers • benefit? Professional Sellers • Anyone interested in • becoming a trusted advisor © 2008 true colors consulting llc
  • 49. thank you to learn more: www.truecolorsconsulting.com Mark Slatin 410-480-2255 © 2008 true colors consulting llc