In this Episode About Establishing Trust In a Selling Relationship
- Importance of Establishing Trust and Emotional Connection: Todd Duncan emphasizes that building trust and emotional connections with clients is crucial for sales success. Trust cannot coexist with tension, and establishing trust involves focusing on the client’s needs and creating value for them.
- Referral-Based Business and Effective Communication: Duncan advocates for a referral-based approach to eliminate call reluctance and emphasizes concise communication. Talking less about oneself and more about the client can significantly increase conversion rates.
- Strategies for Long-Term Relationship Building: CEOs and sales leaders should train their teams to prioritize relationship-building over deal-chasing. Consistent value delivery, even without immediate returns, can lead to substantial long-term rewards, as illustrated by Duncan’s successful long-term client engagements and his strategy for growing his company, Fuel.
Here is a Glimpse of Establishing Trust In a Selling Relationship
In this episode of The Lazy CEO Podcast, host Jim Schleckser delves into the prevalent issue executives, CEOs, and entrepreneurs face in generating sufficient revenue and establishing trust with clients. He is joined by Todd Duncan, a multiple-time New York Times bestselling author and renowned sales leader, who shares his expertise on these topics. Duncan emphasizes the paramount importance of trust in the sales process, highlighting that tension and suspicion can severely hinder successful business relationships. He advocates for a referral-based approach to business, which eliminates call reluctance and fosters excitement, allowing salespeople to focus on nurturing relationships rather than merely closing deals.
Duncan underscores the need for effective communication, advising sales professionals to talk less about themselves and their companies and more about addressing the client’s needs. His research indicates that concise sales pitches can significantly boost conversion rates. Furthermore, he introduces the concept of emotional economics, where building an emotional connection with clients can lead to substantial increases in sales and gross margins. The principle of reciprocity, where providing value to clients encourages them to reciprocate with business, is also discussed.
Resources Mentioned in this Episode:
- Todd Duncan on LinkedIn
- Jim Schleckser on LinkedIn
- The CEO Project
- Great Ceos Are Lazy: How Exceptional Ceos Do More in Less Time by Jim Schleckser
Thank You to Our Guest
As the world’s leading speaker and sales trainer for high-performing mortgage professionals, Todd sells out high-profile stages around the world, teaching the top 1% of mortgage professionals how to move away from the transactional style of selling to an intimate, relationship-focused approach that converts and fills pipelines.
His 17 books, including two New York Times Best Sellers, Time Traps: Proven Strategies for Swamped Salespeople and High Trust Selling: Make More Money in Less Time with Less Stress – have radically changed the businesses of mortgage professionals for nearly three decades.
Sponsor for this Episode…
This episode is brought to you by The CEO Project. The CEO Project is a business advisory group that brings high-caliber, accomplished CEOs together. Our team of skilled advisors comprises current and former CEOs who have run both public and private sector companies across multiple industries. With our experience and expertise, we guide hundreds of high-performing CEOs through a disciplined approach that resolves constraints and improves critical decisions. The CEO Project has helped high-performing, large enterprise CEOs with annual revenues ranging from $20M to over $2 billion to drive growth and achieve optimal outcomes. If you are an experienced CEO looking to grow your company, visit www.theCEOProject.com.