Sales Essentials for Directors A – Q&A Guide

This is evergreen article. Last update : 21 Nov 2024

If you’re a Director of a company, selling is the number one skill you need to master. Many software companies pride themselves on their ability to deliver IT projects. They’ve accumulated a wealth of knowledge and are confident about IT delivery. However, as with any service business, there’s always a demand and supply challenge.  

The toughest situation you’ll face? When nobody buys from you.

This document is a living guide based on years of my sales experience. I think what I did is working so far, we have more than we can chew, I hope it's working for you.

It’s written in a Q&A format, which I believe makes it easier to digest. You can skip around and pick what’s relevant. I’ve also tried to make this an enjoyable read, because let’s face it, sales docs are usually dull.

Let’s dive in! 🚀

Appearance

Do I have to look expensive to sell expensive stuff?*

Yes. Unfortunately appearance matter. I wish I could tell you it doesn’t, but clients often judge by what they see first. That said, you need to strike a balance. If you appear significantly wealthier than your client, it can create a disconnect and drive them away. Keep your look polished but approachable. Here’s how I prioritize:

1. Clothes. Most of my working and meeting client is discounted Uniqlo (red label baby!). Its not cheap in Indonesia standard, but it's safe choice.
2. Shoes. Clean shoes are non-negotiable. Even the most expensive shoes look bad if they’re dirty. Clean > fancy. The cheap brand of shoes cleaner that work for me is Loxus.
3. Watch. Wear one. It doesn’t need to be flashy, just functional and classy. A watch signals professionalism.
4. Bag. Invest in a premium, not luxury brand (the easy way to tell is that the price is the feature for this brand). I’ve been using a Filson bag for almost 9 years, and it’s still going strong. Durable bags tell your clients you value quality.

Price

How do I set the right price?

Go out there and find out your competition. The worst mistake you can make is to price your services based on operational costs or what you “feel” you deserve. The market doesn’t care about your costs or your expected margins. What matters is how you compare to competitors and the value you deliver.

1. Understand your competition. Research how competitors price their services. Where do they sit on the value vs. cost spectrum? What makes their offering different from yours? Only when you fully grasp this can you position your pricing.
2. Focus on market fit. Your business model must align with the market. It’s not the market’s job to adjust to you.
3. Be resourceful and creative. Sometimes, you need to dig deep to uncover the pricing strategies of your competitors. Be smart, not sneaky. As long as it’s legal, it’s fair game. Remember, your company depends on your ability to adapt and stay competitive.
4. Adjust all the time. Review your pricing all the time.
5. Discount. Show discount to the client. Is just always nice for procurement thing, when they find that they can chop price.

Failing to understand your pricing in context is a guaranteed recipe for disaster. Don’t be that guy.

Next Up: Finding Clients

… Stay tuned!

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