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Blog
Tuesday, March 18, 2008
Have You Ever Heard of ED?
Mar 18 2008 3:04PM | Permalink | Email this | Comments (4) |
Blog This! using: Blogger.com | LiveJournal |
By Glen Singer
For the first time in quite a while I’m noticing that managers are “sticking” with the cards they were dealt. In other words, sticking with the people they already have. And that’s not a problem if you already have they best staff in town. But I’m sure that’s hardly the case. Which leads me to a question.
What happens if you don’t have the best sales staff in town? And what happens if you combine a lackluster staff with a tough market. You don’t have to be a genius to know that it’s a recipe for disaster. Even so, I might have an answer.
Have you ever heard of the ED formula? It’s a good way to evaluate your people and gain some insight into where they might need some work.
First of all, ED stands for a couple of different things:
E ... stands for empathy, or to understand from a customer’s point of view
D ... stands for drive, or the ability to press forward and get the job done
With this in mind, think about each of your sales people and decide where they fall. There are four possibilities ... and I’m sure you have some of each.
ed
Ed
eD
ED
Your sales strategy will dictate what’s good and what’s bad. In the eighties, for instance, “eD” was good. But is that good for today’s customer? And for that matter, an “Ed” would do equally well because the market was so good.
Today an Ed would crash and burn.
The trick is to see what you have and adjust accordingly. Good selling.
Reader Comments
at 4/3/2008 1:42:46 PM, cp richmond said:
I feel it is time to go and find the youthful car sales or cell phone sales person to take over. The seasoned veteran has little e and is willing to wait for the d.
at 5/20/2008 5:17:48 AM, Scott Stroud said:
Very thought-provoking. Salespeople need a lot of both E and D to be successful, but need to match the buyer's pace and intensity. We forget that relationship selling takes a lot of energy (drive) to keep up with our buyers. Thanks for sharing this.
Scott Stroud. Co-Host, The Selling New Homes Podcast. www.BuilderRadio.com
at 5/23/2008 11:59:31 AM, DJ said:
Bruce Lee (yes, the karate master) said "Be water". It can be hard and cold, it can be hot and as light as air. Pour it in a cup and it becomes the cup, pour it in a bowl and it become the bowl. The very best salepeople are like water, they listen so well to the customer that their technique is somewhat shaped by the role they must play in each situation. Each customer is different in how they view themselves which in turn determines how they interact with others, even sales folks. Yes, there are always common qualities in our buyers but it is the subtle mix of these qualities and the sales persons ability to react appropriately to them that creates success in building a strong relationship, thus trust, thus the sale.
at 8/30/2008 11:02:44 AM, MKT said:
Ok, now I have a follow up to ED.
As a manager, what is it in your sales paperwork, management style, product, customer service policy that kills the E or hamstrings the D. Are you sales friendly!
Top performers won't put up with the BS!
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