E-Commerce Expert Will Housh Shares Advice and Insights for Contractors.

will housh

This is an exceptional interview with Will Housh (@willhoush, HVAC.com).  Will is an e-commerce pioneer in the HVAC industry.  He has honed his e-commerce expertise for over 10 years.  During the interview he shares insights and lessons learned as well as best practices and recommendations for contractors who are excited to make the e-commerce leap.  Will’s attention to detail and absolute dedication to e-commerce mastery run through the entire conversation.   Enjoy and thanks for listening!

Matt

“I need to get out of the weeds.”

weeds

“It’s not a proxy of your seriousness that you’ve filled every minute in your schedule.” –Bill Gates

“I need to get out of the weeds,” the salesman said.  His manager nodded in agreement.  “I’m spending all of this time doing my job and it’s starting to eat in to my personal life.  We have a child and another one on the way and I want to be there for them.”

I think that most salespeople have felt this way.  You might be feeling this way right now. Long days, plenty of meetings, putting out fires, building proposals, following up on emails or voice mails or text messages.  Too much wind shield time.  Then there’s everything that didn’t get done that still has to get done.  So you come home from work, maybe hit the gym or make time for the family, and then get back to the laptop because you have to update the CRM or answer all of the emails that you weren’t able to answer during the normal day.  Repeat until burnout.

Too many salespeople have convinced themselves that busy and productive are synonyms.  What the hell happened to us?  Did we all see too many pictures of Gary Vaynerchuck pretending to martyr himself while sleeping in an airport or read too many Elon Musk tweets about a 20 hour work day?  It’s time to get out of the weeds by focusing on high-gain/low effort activities, systems, and technologies that can help improve your quality of life and your sales results.

Spending time with low-gain accounts will put you in the weeds.  They can be just as demanding as a high-gain account but yield little, if any, gain.  Focusing on high-gain/low-effort account activities will de-leverage your time while allowing you to re-direct your energy on the best projects.  Consider the following:

High Gain Quadrant

Which quadrant would you like to be in most of the time?  Hint: Upper right.  If you’re in the weeds where do you spend too much time and energy?  Bottom left.  Are you spending time with accounts that demand a huge amount of your effort and don’t buy very much of your product?  Do you spend an inordinate amount of time with accounts who are openly disloyal (but one day, trust me, they’ll come on board)?  Do you spend too much time with accounts who have expressed no interest in legitimately partnering with you while demonstrating that partnership in the form of new sales?  The list goes on.

Here’s a test.  Look at your last month of scheduled appointments.  Put a check mark in one of the 4 quadrant field for each meeting.  Notice any imbalances or patterns?  If you’re in the weeds then you’re probably putting more check marks in the low-gain/high-effort or low-gain/low-effort boxes.  Compare the time you spent with these accounts as well as the money you made from these accounts.  Was it worth it?  Could you have delivered better service and made more money by spending more time with your high-growth/low-effort accounts?  If you have 50 accounts and you generate most of your income from 10 of them then what would happen to your quality of life and income if you spent significantly more time delivering value with The 10 and significantly less time with the low-value accounts?  The hard-won loyalty you have with your best accounts can be amplified if you create the time to over-serve them.

You have to trust your systems, however imperfect.  Getting out of the weeds means learning to use your systems and support network.  Your inside sales team, your counter representatives, your branch managers are there to help you and you’re there to help them.  But you have to trust them.  That trust has to move in both directions.  If you don’t trust your systems you’ll never be completely out of the weeds.  “But they’ve messed stuff up” or “They screwed up an order and I had to deal with it.”  And so have you!  Sales is an imperfect science.  Learning and improvement are happening with every transaction.  If your company is culturally committed to systemic improvement then you have to learn to trust and use your systems.  Luddites will eventually work themselves out of the organization.  The idea of sitting in a Starbucks hammering out an order because you believe that you’re the only one that can do it right is the recipe for obsolescence.  Learn to trust your systems, communicate with your accounts that these systems are in place to help them, and let the systems do their jobs.  I know I’m asking you to give a sacred cow but it’s another way to create the time needed to focus on high-gain/low-effort activities.

Learn to manage your territory using technologies.  It makes more sense to record a weekly Zoom that you can distribute to your low-gain accounts than it does to chase down a low-gain meeting.  Investing in a newsletter service will help you share all of the general up-dates with your company.  Write it, schedule it, and move on to high-gain work.  They’ll all receive the same information at once and you can follow up with phone calls if you feel the need.  Apps can also help you reach your entire territory at once.  The Superphone app, for example, helps you organize your contact list for text-based marketing.  Use it for promotions, product updates, trainings, announcements.  Let your smart phone do the work.  If you’re using face-to-face visits to share information that can be quickly broadcasted then it’s time to re-consider the value of your time and the quality of your meeting content.

Your customers give you feedback every day in the form of purchases.  It’s frustrating to look at your sales numbers for the day and think ‘I was so busy today yet I missed my number.’  It’s also frustrating to look at your to-do list and realize that a lot of the effort you’re going to spend shoring it up will be spent on clients who aren’t rewarding you proportionally.  But you’ll do it–another long night and/or another early morning.

Time goes by my friends.  Protect your time.  Be stingy with it.  Discipline yourself to spend most of your time with a handful of high-gain accounts and much less time with low-gain accounts.  I doubt your sales manager will object to that.  Trust your systems.  For some people that means setting their ego aside.  Finally, learn to use technologies to help you share information on a broader scale at a significantly reduced effort.

Matt

Here’s how to save a ton of money on advertising.

Delta

“People don’t read ads.  They read things that interest them.  Sometimes that’s an ad.” — Howard Luck Gossage

“The only advertising that people truly trust is a peer-to-peer recommendation.” — Alex Bogusky

My flight from Spokane to Seattle arrived on time.  Unfortunately another plane was at our assigned gate and it was departing late.  My 30 minute layover was quickly turning in to a sprint from one end of the airport to the other.  If I missed the flight from Seattle to Atlanta the week was going to go off of the rails.  When we finally reached the gate I had 15 minutes left.  If you’ve been in that situation then you know the feeling.

I charged out of the plane and there’s this guy.  He’s the other dude in the picture.  He was smiling, wearing a Delta uniform, holding a tablet with my last name on it: Plughoff.  “That’s me” (neurotic sub-text: is something wrong, is my daughter ok, is my wife safe, did something disastrous happen?)  He shook my hand.  “Mr. Plughoff, my name is Thomas and I’d like to escort you to your next gate.”  Please bear in mind, this sort of thing had never happened to me.  I fly a lot and usually suffer the stresses like everyone else.  This changed everything.

Thomas opened a side door on the gangway.  A metal rolling staircase led down to the tarmac.  A white Porsche was at the bottom of the stairs.  Thomas said, “If you’ll come with me I’ll drive you to your next flight and you’re already checked in.”  A minute later we were speeding across the busy runway, from one end of the airport to the other.  It was unbelievable.  I might have welled up a little bit.  Thomas continued, “We watch our frequent flyers and if there’s a tight connection we help them so they don’t miss the connection.”  “Why?” I asked.  Why would you do this?  It defies every negative association with flying.  Too personal.  Too, too, thoughtful.  “It’s our way of saying thanks,” he said.  He walked up the stairs to the departing flight, opened the door for me, and once again thanked me for flying Delta.  Every stress, frustration, ire–was immediately replaced with gratitude.  It was the first thing I shared with someone when I reached my destination.

Every business owner I know thinks about effective advertising, on-life, off-line, all the time.  They’re advised to allocate thousands (in some cases millions) of dollars to make the phone ring–hoping that the investment will generate enough cold leads to keep the machine running.  They pay for clicks, calls, impressions.  None of which are uniquely persuasive.  Nor warm.  To which I’d say this:  I’m one guy.  But the Delta experience has generated at least 150 peer-to-peer referrals.  Many of the people I’ve told this story to are also frequency flyers.  Instead of spending all sorts of money in order to generate cold leads why don’t more companies learn what Delta knows: There are quietly loyal customers that will become happily loud advocates if the experience is elevated, if the engagement is personal, if they know you beyond a membership number, and if they make an ordinarily stressful process extraordinarily enjoyably.  A company that is culturally dedicated to delighting customers doesn’t need to spend as much money generating cold leads.  Thrilled customers will gladly pay it forward.

 

Another Heater! Pod guest Paul Redman (VP of Sales for Ryno Strategic Solutions) on career transitions, winning in the digital space, and sales leadership advice.

Paul Redman

This was a fantastic conversation and I’m looking forward to round two with Paul Redman.  Paul’s experience in the HVAC industry and the digital space gives him a practical and informed perspective.  Ryno Strategic Solutions promotes transparency, industry specific talent, and results.  If you’re looking for a trustworthy friend in the digital space you can find Paul at http://www.rynoss.com.  He’s the real deal. Enjoy the episode!

If you’re enjoying these podcasts I’d sincerely appreciate a review or rating on iTunes.  Thanks a million.

Matt.

 

 

 

 

The Thank You Note Podcast: Sales Management with Fred Nichols (this episode is a banger!)

I’ve been waiting a long time to interview Fred Nichols. Fred is not only a rock solid guy but an extremely well-rounded professional. Fred is the Sales Manager for an incredibly successful company in Southerm California. In this episode he shares his experience and tactics used to find, motivate, and drive an exceptional sales team. Tons of smart lessons and best practices included. Thanks for listening!

If you’re enjoying these podcasts please rate or review The Thank You Note Podcast on iTunes. Many thanks, Matt

 

Engagement is tanking. Is it time to ditch your business’ social media program?

social media engagement

I quit Twitter last week.  There’s just too much “sound and fury, signifying nothing.”  Facebook.  Pinterest.  Snapchat.  It’s all tetched.  Social media was going to evolve in to a force for good.  It was our shiny new toy.  Now, however, the platforms have found their nadir.

Remember when you’d sit at a dealer meeting and listen to a social media expert/guru/ninja/rockstar/revolutionary?  What happened to those silicone promises?  Leads!.  Loyalty!.  Brand Strength!.  Now, pictures of Dorsey meditating in Myanmar illustrate the hypocrisy.  Facebook has experienced a similar self-inflicted decline in user engagement.  Forbes insight is as follows:

https://www.forbes.com/sites/ryanerskine/2018/08/13/study-facebook-engagement-sharply-drops-50-over-last-18-months/#6f6de59a94e8

Engagement has fallen below 1% across segments.  1%. Think about the money and time that people ask you to spend on social media.

The knee-jerk response that you’ll likely hear from a Ninja is that your content strategy is weak.  Your spend is insufficient.  Double down.  Yet these Insurgents apply generic campaigns, stock image, and predictable content among their clients.  They sell parity and tell you it’ll work.

The uncomfortable reality is that social media agencies often used the same canned content for the lion’s share of their clients.  This content squarely falls in to what David Ogilvy once described as “The Valley of Distrust.”

Unless you decide to design and control your unique content it is time to say goodbye to social media as a lead source.  Don’t outsource it.  Cut out the middle man.  Engagement levels are so low that it’s nearly irrational to pay for an agency.  If given a choice what you rather have:

100 Likes or 1 loyal customer?

My dad told me a story about doing business before the internet.  He explained that his secret to winning business was not based on algorithms but in taking notes.  His client files were filled with notes, observations, records of conversations, dates and times and locations from meetings.  His client’s names, interests, goals, pastimes, hobbies, concerns.  These were all recorded in what he calls “bankers files.”  That was his CRM.  That was how he stayed connected with people: by actually getting to know them and care about them.  When I asked him how he grew a one branch farm bank in to a multi-branch success story he said, “One farmer at a time.”  He visited every farmer in every town, introduced himself, got to know them and over time became their financial partner.  He prioritized “social” over “network” and the “human” before “resources.”

I’m not trying to get sappy or overly nostalgic.  I am simply suggesting that we assess the return on engagement regarding social media.  Has it generated a truly loyal customer base as evidenced by referrals and increased top/bottom line growth?  Has it lessened our dependence on other lead sources?  Is there a reasonable return on time spent?  Has it resulted in differentiation?  Has it created an on-going customer conversation among the followers?  If not then why devote the time, energy, and resources required to sustain it?

Small businesses are better served by a smaller group of highly loyal customers that grant access to their networks based on personal service.  I believe that the future of small business is better built on 1:1 relationships.

PS–Results based on traditional SEO/M will crumble as conversational search surges.

Matt

 

Favorite-Long Shot Bias & New Business

betting

 

A friend of mine has been trying to set a meeting with a prospect.  After the initial communication the prospect replied:

Just checked you out on line.  I have had discussions in the past with your representatives.  We are a Factory Authorized Carrier Dealer and do not have any intentions of switching or carrying a “second” line.  I always enjoy meeting people, however I do not believe our meeting would be productive.  If I ever become frustrated with Carrier, I know where to find you

Thanks
D________
When it comes to new business you have to kiss a lot of frogs.
Salespeople frequently determine a prospect’s validity based on organizational criteria: years in business, web presence, projected volume, etc.  Yet the prospect doesn’t feel a need or interest or pressure to change.  And they won’t.  So why did the salesperson determine that it was worth the risk and effort?  Why do salespeople bet on the long odds?
When it comes to prospecting, salespeople are susceptible to Favorite-Long Shot Bias.  The salesperson overvalues the odds of a long shot and undervalues the favorite. As a result the salesperson bets on the long shot and wagers an inordinate amount of time and resources for little to no gain.  The odds of a win were never in his favor.
It’s tough for salespeople to avoid this bias.  The bias is not, however, completely irrational.  A long shot prospect may demonstrate a greater interest in conversion than is actually accurate.  The long shot prospect may go so far as to participate in sponsored events such as a factory tour or a product tear-down.  Prospects can give every indication that they’re sincerely interested in converting as a means of gaining pricing insight or leverage.  The bias can be manipulated without the salesperson’s awareness.
In order to avoid this miscalculation of probability a salesperson should evaluate behavioral or contextual criteria rather than over simplified organizational criteria:
“Is the prospect under pressure to change due to market or competitive conditions?”
“Are there internal pressures to change?”
“Is there broad discontent with the status quo?”
“Is there ONE person in the business who will advocate on the salesperson’s behalf?”
“Is this a learning environment that values new ideas and/or perspectives?”
Favorite-Long Shot Bias occurs in part because the person placing the bet is unwilling or unable to accept behavioral realities.  Long Shots are long shots because they win with much less frequency than the favorites.  Yet the siren-song is alluring.
Favorite-Long Shot Bias happens because a risk-tolerant sales person overvalues the likelihood of the White Whale deciding to flip because the prospect fits an organizational profile rather than a behavioral profile.  The salesperson has failed to consider the behavioral realities.
I know a lot of sales people who love to gamble.  For a long time it never made sense.  Why does a person (like myself) with an unpredictable income roll the dice and magnify the unpredictability while certainly guaranteeing a loss?  Don’t they face enough risk and loss already?  In a sense salespeople are gamblers–on themselves, on their skills, on their intelligence, their EQ, their training, their products and employers.  Favorite-Long Shot Bias:  They often want to believe that the long shot will beat the odds even when the odds are millions to one.
As my friends in Texas say: You just can’t wish horns on a doe.

“Everything we teach should be different from machines.”

 

amazon solved the buying process

 

“Everything we teach should be different from machines.  If we do not change the way we teach, 30 years from now we will be in trouble.” — Jack Ma

Jack Ma, the co-founder of The Alibaba Group, was referring to education in the broadest sense but his point is spot on.  Trying to imitate or duplicate machine learning is a losing battle.  For many of my friends and clients this poses an existential problem.  The solution is embedded in Ma’s observation: An individual, company, or team must master the skills and attitudes that machines can’t: Building and nurturing human connections, loving the process of innovation, learning to use our imaginations, and appreciating the power of inclusion and cooperation.

While the paramount objective of a machine is to complete a task, the paramount objective of a business is to enhance human well-being in economically efficient ways. The richness of the customer experience is the most constructive way to out maneuver artificial incursions.  This experience thrives within the firm, with people who earnestly enjoy serving other people.  The ways in which they learn and creatively customize their products and services, the ways that they invite participation in an interactive process.  Most important to long term sustainability, the ways in which they send the right message: “Welcome to our family, and we’re grateful that you’re here.” Business’ should optimize for customer loyalty instead of customer transactions.

Let’s continue to rethink attitudes about how we treat people.  Business labels tell us that people are human resources first, and humans second.  Serving customers isn’t a race to an undetermined finished line, another call in the queue, another lead on another dashboard (doesn’t the name itself imply ‘Go fast’?), another inspiration-murdering KPI completed.  Instead, help them learn to listen to customers deeply in order to understand and appreciate them. Empathy cannot be mechanized.   Machines will never replace a warm hand shake or an incandescent smile or a joyful laugh.  In other words, customers cannot be seen simply as end-users.  In other words:

A business that fails to make people, communities, and society durably better also fails to create meaningful payoffs that matter in human terms, not just financial ones.

 

 

 

Podcast #10: Matthew Tyner on Growing Your Home Services Business in the Digital Space

Matthew Tyner (@MatthewTyner) is the Vice President of Marketing for Valve + Meter (www.valveandmeter.com).  In this episode he answers important questions about doing business in the digital world: What does a winning digital campaign look like?  How should home service business owners allocate funds for their on-line presence?  Which digital media are delivering the best returns?  And many, many more.  This is Matt’s second interview and his expertise is on par with the best.  Enjoy!