Nothing Kills a Bad Product Faster Than Good Advertising

"Nothing kills a bad product faster than good advertising."

~ David Ogilvy

Even if you are the entire Marketing Department ... you're not an "Army of one."  

As a Marketing VP, I used to tell my sales staff, "I don't complete your annual evaluations, but you're in MY department."

As marketers, we need to step outside of the organizational chart and take responsibility for staff training ... after all, your sales staff must deliver on the promises that YOU make!

Provide The Right Tools

After completing hundreds of branch shops for clients all around the country, I've learned that the vast majority of financial institution "sales" is literally reading a brochure to the prospect.  Take a good look at the tools that you give your staff to use.

• Are they easy to understand?
• Are they focused on customer benefits?
• Do they speak to customer needs?
• Do they differentiate your institution and your product offerings?
• Do they package the products in ways that will help your staff cross-sell?

Set Service Standards

Customer service is objective.  What one person sees as great customer service, another person may see as average.

Unless we create a set of clear, measurable Service Standards we cannot expect our staff to automatically know how to act.  

The goal is to have the service be the same from branch to branch and from market to market.

• Put the standards in writing and come up with fun and creative ways to display them
• Keep the list short - no more than 10 standards.  Only include the most important aspects of your institution's service
• Do not focus on operational issues.  These are short service standards ... NOT an employee handbook or training manual. 

Make It Fun

Periodic internal sales promotions can work wonders.  Make a game of it.  Creating competition between your branches can help to build a team feeling within each branch.

• Create a traveling trophy that the winning branch can display until the next internal promotion
• Make sure that you focus on bundling products for extra points
• Offer meaningful prizes to standout branches and individuals

We'd love to hear tips on how you train your sales staff, provide the right tools and make it fun! Please reply to this blog and brag about your efforts.

Take care,

Eric