All posts by Keith Thompson

The best soft sale

There are hard sales and then there are soft sales. The hard sale is like the guys on TV trying to sell you a car. They talk fast and loud and there always seems to be some urgency for you to come to the car lot in you pajamas and take delivery of new car before the promotion changes. Ha. A soft sale is the exact opposite of that. It is really selling without selling. The premise is to answer the client’s deepest questions without him/her having to ask. That is soft selling

Let me give you an example. We sell hotels, therefore a seller’s main questions (after he knows the value) revolve around your ability and experience in selling hotels like his. Pretty simple right? So let’s say the seller has a Hilton hotel. What he is most interested in is what Hilton hotels you have sold. Therefore, if we can answer his main questions before he has to ask, that is called soft selling. In our case, we have this PDF document that is 24 pages long with pictures and locations of every hotel we have sold in the last four years. We have the list broken down by hotel brand so that, say, all the Hampton Inns are located together. So again using the above example, if we are talking with a person that owns a Hilton Hotel, we simply show him pictures of all the Hilton hotels. If you don’t know this by now, I am a marginal at best salesman but this soft sell approach is old school at its best and it also really works.

When you are selling, words are ok but pictures are where the magic is. It is the single greatest sales tool of all time. Just print some pictures of what you are selling and use them in your business and you will be amazed at how effective they are. People don’t read too many words but they always look at pictures. Take yourself for example. If you read any news sources like USA Today, Fox News etc. on-line you do exactly what I do. You look at the picture first and then decide if you want to read the words.

Pretty simple right? Sometimes old school is the best school. Ha. KT

Selling against fear

I have a friend who told me the other day that he is afraid to make sales calls. He doesn’t know how to process when someone tells him no. He asked for my advice.

In personal life and in business life there are times to coddle someone and then there are times to be brutally honest with the person. My advice to him is going to fall into the latter category.

Being a salesperson with no formal education with a speech impediment, I have learned a few things about rejection. I also do not have a lot of sympathy for a healthy, educated full grown man who will let the fear of rejection dictate his financial future and that of his family.

Last night I was thinking about what my advice would be to this person and here is what I would tell him. I would tell him, picture your adult children coming to you for advice on how to deal with fear and picture yourself giving them advice based on how you overcame it. There is not a motivational book or speech or meeting you could go to that would be a better teacher than just being perfectly honest with yourself.

We all have a story to tell about our lives and we all get to decide how we want the story to go so that when our children do come to us for advice, and they will, we will be able to say, based on my experience, this is what I would do. KT

Returning every call

In business there is probably not a more endearing trait that people respect more than a person who returns phone calls. Not just returns them, but returns them before they leave for the day.

Somewhere in business school there must have been a class I missed where the teacher decided that proper business etiquette includes, ignoring and not returning phone calls. When you do this, it tells the caller that they are not as important as you think you are. I supposed it is entirely possible that I am just old school but a man by the name of Carl D. Silver made a huge impression on me 27 years ago. I was a no-body in the hotel business and Carl was a very successful commercial real estate developer and owner in Fredericksburg VA.

I remember 27 years ago, I called Carl’s office and left a message. I was at my desk around 5pm when I get this call from Carl Silver. He returned my call even thought I was a no-body and it made an impression on me and taught me how business ought to be conducted. Over the next several years I would periodically call Carl and I could set my watch that he would return every call before he left for the day. Now some would say that is an old fashioned and out of date practice but I say it is handling business with class.

The bible says to do unto others as you would have them do unto you. I believe this simple business practice of returning every call every day will make an impression on people you deal with and will let that person know that they are important enough for your time. Carl passed away a few years ago but I have no doubt that I am merely one of many people that he made an impression on. KT

Ford Lightning truck

Last year, I had a chance to trade an old Chevy truck I had in on a Ford Lightning truck. I did not hesitate and just said ok.

A Ford Lightning is a short bed step side Ford truck with a 5.4 litter V8 with a factor installed super charger. Ford built the truck (new version) for only six years from 1999- 2004 and it is a fairly rare vehicle. A super charger is a belt driven air induction system on top of the engine intake that takes an already potent engine and makes it something really special.

The one I have is a red 2002 that has never been wrecked or even significantly scratched and I love it!

The other day I took it to the grocery store about a mile from my house and I barked the tires four times before I could get to the store. Ha. I couldn’t help it! It is an automatic and when it grabs second gear, it sounds like a hound dog barking on the front porch. The other day I was down in the garage doing something and had to stop and just look at it for a while

Anyway, I am pretty sure there will be no cars in heaven but if there was a section for car enthusiasts, there would probably be line of Ford Lightnings. KT

What a wonderful life

Jimmy Stewart was the main actor in the 1946 classic movie, it’s a wonderful life. At the end of the movie, Jimmy Stewart realized that he had in fact, touched other people’s lives and had helped those around him and would be remembered for having lived a good life.

I don’t know if this is true or not, but I believe when people get close to the end of life, that they don’t talk about money, houses and cars. They don’t talk about those things because they no longer matter when one is facing mortality. At a funeral you never see a picture of the person’s car or a picture of his office or and their sales trophies. Why is that? Well, I believe it is because the most important things in life are not purchased with money. They are your spouse, your children, your grandchildren, your friends and those people closest to you.

This week I have been able to see each of my immediate family members at least once. What a gift that is. I have been able to hug and kiss (except the son on-laws) each person and tell each of them that I love them. I heard a person talking lately about all the relationships they would fix and or change if they only have a few days to live. I can honestly say, my family knows I love them because I tell them each time and there isn’t any unresolved issues.

So when I think about the Jimmy Stewart movie, I am reminded of what a wonderful life God has given me. KT