This Episode: Stop This Bad Sales Habit Before The Busy Season
Every retailer I know has at least one team member who does this, and most don’t even realize it’s happening. It’s called selling out of your own pocket, and it’s quietly costing your store money every single day. In this episode I’m breaking down what it is, how to spot it on your floor, and what to do about it before the holiday season hits.
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Hey, it’s Bob Negen and in this episode of Real Retail TV we’re going to talk about that despicable habit of selling out of your own pocket. I work with hundreds and hundreds of independent retailers and every retailer I know has an associate or two or 10 who sell out of their own pocket. What do I mean by selling out of your own pocket. Selling out of your own pocket is when a team member imposes what they believe something is worth on a customer or they impose what they would pay on a customer. So they can’t afford a $15,000 selling machine. So they don’t show the $15,000 selling machine certainly don’t sell the $15,000 sewing machine. They wouldn’t spend $80 on a bag of dog food. So they don’t recommend the $80 bag of dog food they would never spend $3,000 on a suit. So they don’t show the $3,000 suit. You get the idea. I heard it once said that you don’t need to wear an expensive Rolex watch to sell an expensive Rolex watch. So let’s recognize it’s all about the perfect purchase. And the perfect purchase is when your customer gets the thing or the things that are perfect for them. And so the perfect purchase is not about what your team members think something is worth. It’s not about the features and benefits that your sales associates find valuable. The perfect purchase is about the customer and what they find valuable. What they want. Let me tell you a story back when I first opened my retail business in the early 80s, I had a guy come into my store. And his name was woody coo coo Ruger. Isn’t that a great name woody cougar. And I ended up becoming great friends with woody but so what he was a guy my age. And he came in and at the time I was poor. I was struggling the business was slope and b wanted a car. He was excited about a kite. So I started showing him this kite that costs $20 and you could tell. Or I could tell that he liked it. But he didn’t. All of it. And I couldn’t figure it out. I’m trying to get him excited and he just wasn’t going there. And then all of a sudden, I realized that he wanted something more expensive. Oh so I showed him an $80 version of the exact same kite and his eyes lit up. You see I was selling out of my own pocket. He bought the $80 kite. If I had a $500 version of that same kite he would’ve liked it even more. I was selling out of my own pocket. I didn’t have money. I wouldn’t have spent $80. He had money. He wanted to spend money. And I remember what he walked out the door and go and Bob you are the biggest dummy in the world don’t sell what you want to sell, sell what they want to buy you sell. They purchase your job as a company and the job of your sales associates is to get your customer to the perfect purchase not what they want, not what fits their budget. But what the customer wants and what fits the customer’s wants, needs, and desires. So your action item, should you choose to accept it, is to watch what’s going on the floor. Watch your associates watch for this because this happens all the time. Your good, kind, helpful employees in the spirit of giving your customers a great value and a great experience are not working for the perfect purchase. They’re selling out of their own pocket. So catching it and coaching it is your action item for the week. If you liked what you heard here today, and you want more great information. I would encourage you to go to whizbangtraining.com dot.com and sign up for our free tip of the week. Or if you really want to give your team members the kind of training that will get them to get your customers to a perfect purchase, I would recommend that you check out the Retail Sales Academy go to retailsalesacademy.com But they have so. Carry on doing a start over. So I was doing good too. Where did I go. The perfect purchase is now. Let me go back one more.

