Secrets of Closing the Sale (Updated)


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Paperback
424 pages
ISBN 9780800759759 Published Sept. 2004
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Secrets of Closing the Sale (Updated)

Related Blog Posts
In the Books - Off to the Printers XII
Posted Jan. 11, 2011 7:53 a.m. by dylan
In - 800 CEO Read Blog

In another installment from the annual review of business books we produced last year, we have an article from friend and former president of the company, Todd Sattersten. In it, he discusses the meta-themes in business thought that he and Jack uncovered as they spent 18 months compiling, reading, choosing and writing The 100 Best Business Books of All Time.

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The Five Universal Themes in Business BY TODD SATTERSTEN

What happens when you spend 18 months reading the best in business literature? In our case, two things happened—one expected, the other quite unexpected.

The expected was the creation of a list of the 100 best business books of all time, which led to a book by the same name. The unexpected came as we uncovered a number of meta-themes the books share that exist beyond any predictable grouping by subject matter. For example, Michael Useem’s The Leadership Moment has surprising connections with as Taiichi Ohno’s Toyota Production System and Gary Klein’s The Power of Intuition. Ultimately, we found five persistent meta-themes across our selection of the 100 best business books. Each meta-theme appears horizontally across traditional publishing categories, bridging such divisions as sales, management, narrative, and finance. Each meta-theme also scales in a vertical sense, applying to individuals, teams and organizations equally. So profound are these meta-themes, we argue, that these five universal insights act as the foundation for a leader dealing with any aspect of business, whether starting a new job or developing the next year’s corporate strategy.

1. Clarity of Purpose

Purpose provides direction and brings clarity to all work. For the individual in pursuit of purpose, author Po Bronson asks the ultimate question in his book, What Should I Do with My Life? Organizations struggle with the same kind of question when they craft their mission statements and massage their marketing slogans.

2. Wisdom in Decision Making

The process of making decisions is often overly deliberate or completely unconscious. In both cases, we base our decisions on past experience and judge the success of those decisions only on the success rate of the outcomes. In Influence, Robert Cialdini alerts us to how we use unconscious routine to make even the smallest decision, while in The Power of Intuition, Gary Klein provides a map to some of that scripting and shows how we can improve our gut instinct.

3. Bias for Action

Tom Peters and Bob Waterman pointed out in In Search of Excellence that a quality of excellent companies was “the bias for action.” This assertion that action trumps all appears in many great books, so what keeps us from taking action? Author David Allen (Getting Things Done) would say a person’s focus is misplaced on time and priority, rather than action. Authors Jeffery Pfeffer and Bob Sutton (The Knowing-Doing Gap) would say organizations suffer from a gap between knowing and doing.

4. Openness to Change

Understanding change is essential because change affects individuals and organizations constantly. Sales is about change. Marketing is about change. Corporate strategy about is about change. Lou Gerstner says it was changing IBM’s entitlement culture that was his biggest challenge. In The First 90 Days, new job guru Michael Watkins describes the waves of change that new managers must instigate. In Crossing the Chasm, Geoffery Moore shows how products are adopted and what different constituents need to accept change.

5. Giving and Getting

Feedback Imagine throwing a baseball in a dark room. You would miss seeing the trajectory the ball took or where it landed. Our success depends on feed-back. Did we make the right choice? Did the action have the intended effect? Are things changing? Daniel Goleman (Emotional Intelligence) says self-reflection is a form of feedback and an essential piece of emotional intelligence. Engineering professor Henry Petroski, author of To Engineer is Human, says failure is a critical part of learning. And in Secrets of Closing the Sale, Zig Ziglar says listening is the most important part of selling.

These themes are likely to persist as business and business literature evolves further, because companies continually fail to absorb the simple lessons: Find a clear purpose. Be aware that past experience and a mass of information can interfere with wise decisions. Maintain a bias toward action. Be open to change. Seek feedback. These behaviors link together: Clarity of purpose provides wisdom in decision making, which informs action, which in turn, creates change, while feedback informs them all.

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PREVIOUS POSTS FROM IN THE BOOKS




Jeff Hayzlett's Business Library
Posted April 27, 2010 8:35 a.m. by dylan
In - 800 CEO Read Blog

If you know who Jeff Hayzlett is, it is probably from his appearances on television or his Twitter footprint. But the chief marketing officer of Kodak is now venturing into the wonderful world of analog with his new book, The Mirror Test: Is Your Business Really Breathing?, being released by Business Plus in May. And he has done something in that book that I wish more authors would do. He has included an appendix in which he lists his "Business Library 'Must' List." It gives you an idea of what has influenced him most over the years (and, just maybe, an idea of what to expect from his book). It includes:

Not only does his book get extra points from me for including a list of his favorites, Hayzlett himself gets extra credit for using a Garrison Keillor quote to introduce the list: "A book is a gift you can open again and again."




SalesHQ Recommends Their Twenty Favorites
Posted July 22, 2009 4:23 a.m. by todd-sattersten
In Sales - 800 CEO Read Blog

SalesHQ has posted a list of their 20 Must-Read Sales Books. Like any good list, there is tried and true as well as some less-knowns.

  1. Little Red Book of Selling by Jeffrey Gitomer [1]
  2. The Game by Neil Strauss
  3. Presentation Zen by Garr Reynolds
  4. The Complete Idiot’s Guide to Cold Calling by Keith Rosen
  5. Sales 2.0 for Dummies by David Thompson with Elaine Marmel
  6. How to Master the Art of Selling by Tom Hopkins
  7. Selling the Invisible by Harry Beckwith [1]
  8. The Psychology of Selling by Brian Tracy
  9. Attitude 101 by John C. Maxwell
  10. Don’t Sweat the Small Stuff by Richard Carlson
  11. Dog Eat Dog and Vice Versa by Jerry Rossi
  12. Secrets of Closing the Sale by Zig Zigler
  13. Secrets of Question Based Selling by Thomas Freese
  14. The Greatest Salesman in the World by Og Mandino
  15. Selling to Big Companies by Jill Konrath
  16. How to Win Friends and Influence People by Dale Carnegie [1]
  17. The Art of War by Sun Tzu
  18. Covert Persuasion by Kevin Hogan
  19. The Definitive Book of Body Language by Barbara Pease
  20. Raven by Tim Reiterman

Each book has 50 to 100 words of commentary, so jump over there if you are interested.

I found out about the list from a blog post by Josiane Feigon at Cubicle Chronicles. She laments, "Why is it that anytime someone assembles a list of the best sales books that Zig, Tom, Og, Jeffrey, Dale and Brian have to be on that list?". You can read further about her likes and dislikes.

I like that she pointed me to the list.

1 - This is a book from The 100 Best Business Books of All Time




Today is the Day
Posted Feb. 5, 2009 5:25 p.m. by todd-sattersten
In 100 Best - 800 CEO Read Blog

Jack and I have been working on an idea for about two years. We thought it made sense to put our knowledge about business books into a book of our own.

Today, The 100 Best Business Books of All Time was released by our wonderful friends at Portfolio.

Taking some of the advice from the books we have chosen, we are going to do what Zig Ziglar and Jeffrey Gitomer talk about in both of their books.

We are going to "ask for the order". What I mean is that you have been a follower of 800-CEO-READ for any period of time, you know what we are about: we sell business books and promote great ideas.

Our book is our best effort yet at helping you find the books solutions to the problems and challenges you face, while presenting opportunities you may not have considered before.

We want each of you to buy a copy of The 100 Best.

There are many places you can do that - Amazon, Barnes & Noble, Borders, or your local indie bookstore.

You can also order it from us. You'll pay the full retail price of 25.95, but you will get a bag of extras that are only available through 800-CEO-READ:

  • You'll received a shiny, hardcover of The 100 Best Business Books of All Time autographed by both Jack and Todd
  • We will include a copy of "Conversations about The 100 Best Business Books of All Time". This is an audio CD that Jack and I did, which has 12 tracks, each about 6 minutes in length, where we talk about the books and the key concepts in each of the chapters of The 100 Best.
  • You will receive a copy of In The Books 2008, our annual publication whose purpose is to highlight the best of the year in the genre of business books.
  • After placing your order, we will email you "the lost chapter" from The 100 Best (it was not really lost, we ran out of room in the book). We have compiled a 39 page chapter of Industry Books that everyone in business should read. This chapter comes in a simple to download pdf document and shares all of the design characteristics of the original book.

So, order your copy of The 100 Best.

If you need to hear from some others, here are a few:

You can find the entire list of the 100 books at 100bestbiz.com. You can also download the introduction to The 100 Best and two sample reviews from The Essential Drucker and To Engineer Is Human.

A compelling offer, followed by testimonials, and finished off with free samples of the final product.

How can you resist? :)




Ask 8cr! - Secrets of Closing the Sale
Posted Sept. 10, 2007 3:25 a.m. by aaron
In Ask 8cr! - 800 CEO Read Blog

Welcome to our first posting of "Ask 8cr!" - a new section of our blog where we've created a forum to find out what kinds of issues and challenges people are having in the workplace. We'll then take these issues and apply a business book we feel offers a viable solution.

We sent a note out to a wide variety of people and the response has been great. The first challenge we'll address is sales related. Here's the note we received:

"My biggest challenge is getting my sales staff to be more effective -- some need better time management skills, some need to dig into the information more thoroughly to understand our competition in each deal so we know where we stand and what we need to do to earn the business, all need better closing skills." - Deanna

A thorough but common scenario - how can one close the sale after they've worked so hard to get it? Time management, competition analysis, and customer understanding and relationship skills all play a part. It's not an easy answer, and instead of looking for a quick fix, let's look to a classic: Zig Ziglar's Secrets of Closing the Sale.

This 400+ page book covers everything, from psychology, attitude, technique, listening, overcoming objections, and using technology in the process. Through these points he identifies methods that every sales person can apply to close the sale, from being alert/observant, loving your job, getting the customer involved, breaking the cost down to what he refers to as "reduction to the ridiculous," and giving the customer a reason to buy. He states, "Any time you can give a prospect an excuse and a reason for buying, and make it easy for him or her to buy, the odds are great the sale is yours for the asking." Throughout the book, Ziglar offers many examples of how to create these "reasons" for the prospect. These are important - no one wants to feel like a sucker in hindsight. By giving customers good reasons to buy, they'll always feel good about what they purchased and why they did. Absorbing these stories is insightful, and easy to start practicing on your own.

As with many Ziglar books, he addresses the issue, but in a way that goes deeper than simply telling you how to get someone to buy something. Ziglar knows that there's got to be something in it beyond this for the sales person. Otherwise, the work will get old quick. As a salesperson, how can you internally work through fear, how can you realize what's in it for you (beyond money), and how can you push forward even when things are going well (instead of sitting back and relaxing)? Part business professional, part guru, Ziglar nails it with statements like "You can have everything in life you want if you will just help enough other people get what they want."

Anyone in sales has dealt with the issue of how to close more, and all sales managers have wondered how to help their sales people close more (maybe that's a polite way of putting it!). Zig Ziglar offers some great insight into the task at hand and beyond; a broad understanding to bring fulfillment to the sales rep, their manager, and importantly, the customer.

What's your challenge at work? Send it to me at jon (a) 800ceoread (dot) com and we'll address it in a future posting here.