Most firms recognize the importance of providing training for their technical staff. It may be provided by outside sources or done in-house using mentoring programs. Technical training is readily available for installing, or repairing products or systems, as well as, working with software. The cost can vary from thousands of dollars to no charge from suppliers. Business owners and operators typically don’t even consider the ROI as they know it’s a necessity, not an option. The inability to resolve technical issues in a timely manner is expensive and directly impacts customer satisfaction.
Continue ReadingBest Sales Training Method?
Early on sales training was OJT (On the Job Training). Countless articles and books were published about selling. Then recordings became available. Next came seminars at the local hotel. For firms that could afford it sales trainers were hired. Almost all of the messaging was generic and motivational, rather than content driven.
With the rise of the internet came options. Wide-ranging presentations populated search engines. As technology developed platforms became available for group chats and meetings. Some incorporated video. And then it all changed.
With the outbreak of Covid 19 technology and training methods hit the accelerator. New companies and platforms appeared that offered options, not only to create content, but to present it. So that brings us to my topic. Which is the best method for sales training; In Person, Virtual, or Online?
In Person Training – There’s no question bringing together a group of people with a common interest has the best results, by far. Being present allowed me to focus on individuals and topics, I sensed, needed to be addressed in sessions. I have no recollection of ending a session without multiple people telling me it was the best training they ever had. More rewarding were comments by the non-believers that “I had opened their eyes” to things they were doing wrong. The biggest downside is cost. The expense to hire and transport a trainer or students to a location can be sizable. On average when training a small group of say ten, the cost per student would be somewhere between $600-$800. Obviously, the price would come down as travel expenses were spread across a larger group. Great ROI when you consider that two or three additional sales would pay for the course, and create a more productive business for years to come.
Virtual Training – Virtual training has become quite popular and effective. It currently makes up almost half the training I’m involved with. The obvious upside is it can be done from the comfort of a person’s office or home. It allows for some interaction and can be tailored to a specific firm’s business and issues. On the downside there’s no question people have shown virtual fatigue. It’s often been overutilized in their work. The novelty has worn off to the point where it has a negative connotation for many. From a trainer’s perspective it’s like operating with a partial blindfold. It’s hard to read people, difficult to pause and adjust the conversation, and in all honesty keep people focused for more than an hour. No matter how good technology is, we talk to pictures of people not the real thing. It does have some cost advantages, maybe 30% to 40% less expensive, but it does not have the same effectiveness or ROI.
Online Training – Online training is the least expensive option. It also can be very effective depending on the content and instructor. What it can’t do is bring a group of people together and galvanize a vision or strategy for a company. There’s no real way of knowing if people are actually engaged or just tuning in. The major positive, beyond cost, is availability. There’s no issues with scheduling, it’s available now. There’s no problem with interruptions as it’s on demand and can be stopped and started. There’s no underselling the on-demand aspect. New people can receive information quickly. Established sales people can use the information for improvement. Support staff can get on the same page with sales people by having a better understanding of the sales strategy without interrupting their daily activities. It has a solid ROI and has immediate impact on sales.
All good choices. You need to choose what’s the best option for your situation.
Customer Service and Sales Training
Firms in the service industry make significant investment and effort to provide technical skills training for their employees. Many companies train their staffs locally, some send them to manufacturers training classes, while others utilize trade organizations. Technical training is a priority. Trained technical staff help ensure a firms’ products are supported. It’s not an option, it’s a requirement. For many firms that’s the extent of training provided.Continue Reading
Are You Selling or Marketing Service Agreements?
Selling Service Agreements should not be confused with Marketing Service Agreements. Almost every firm I’ve worked with over the years has the ability to sell service agreements. It’s not uncommon to find the only reason a firm provides service agreements is because clients ask for them. In these situations it’s clear these firms don’t actively market service agreements, they sell them when necessary. Continue Reading
Systems Integrators Focus on Service Marketing
More than ever system installers need to differentiate themselves from competition if they are to be successful. Not only do they need to be able to present the technical advantages of their products and systems, they also need to have a total solution. That total solution means a well thought out service agreement. A major component to their value proposition is the availability and quality of their service offerings. Owners and operators of buildings are looking to partner with firms that can create service agreements that are specific to their needs, not cookie cutter solutions.Continue Reading
Recession Proof Your Business – No Longer an Option
The following entry was written in 2018. As of today, the worst-case scenario is not as hypothetical as it once seemed. For those firms that have increased their renewable revenue there may be a cushion should the economy change for the worse. For those that haven’t it’s never too late.
The economy is strong, construction cranes dot the landscape, and plans are in place for future expansion by businesses nationwide. Many firms are either planning to purchase new equipment or retrofit what’s in place. Times are good in the business community. Installers and contractors are hustling to get as much of this business as possible. For many firms the biggest challenge is staffing to support this activity. For those of us who have been around for awhile, we’ve seen it before. We want to believe this cycle will last forever. We know it won’t. It’s just a matter of time before things slow down, or worse come to a halt.
Continue ReadingFocus on a Buildings Function, Not Just Code Requirements
More than ever life safety system installers need to differentiate themselves from competition if they are to be successful. Not only do they need to be able to present the technical advantages of their systems, they also need to have a total solution.
Continue ReadingLife Safety Service Marketing Goal Setting – Reality Check
Let’s assume all service sales marketing programs begin with well thought out strategies and goals. We’ll also assume detailed plans have been developed to map out the tactics, tools, and resources required to launch the strategy, and meetings have been held to introduce and discuss the plan with all parties involved.
The Only Barrier to Growing Life Safety Service RMR is You
Most Life Safety companies know service is their most profitable business. The majority understand selling service agreements is the best way to capture this renewable, high margin revenue and build the value of their company. Many believe they are doing a great job growing this business. For almost all the only measuring stick is comparing results to previous years. Far too many continue doing the same things they’ve done year after year. For those that have adapted their business model, the results have been dramatic. For those that haven’t, the opportunity is there for the taking.
Continue ReadingLife Safety Service Agreements – Eye Candy – Not to be Overlooked.
Whether you call it a service contract, maintenance agreement, or other terminology the document you present to your prospect needs to look good. It also needs to contain easy to find information for all parties reviewing it.
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Perfect for all personnel involved in service sales, this book describes the keys to success for selling service on technology-based products and systems. Anyone indirectly involved in service sales such as technicians, engineers, administrative assistants and others who work with customers will also find the book beneficial.
Readers will learn the unique skills and methodology required to be successful from the industry expert.