Applying DiSC Methodology to Increase Selling Potential

Industry Insights

Wednesday, March 3, 2021

Applying DiSC Methodology to Increase Selling Potential

The DISC Model continues to be one of the most popular four quadrant behavioral models. All DISC assessments are based on the research of William Moulton Marston Ph. D. (1893-1947) 1 and built upon the foundation identified as four primary emotions and associated behavioral responses:

The DiSC® model looks at a continuum of activity and energy levels and a continuum of skepticism or trust. Other DISC models tend to look at pacing and another behavioral dimension.

A quick overview of the basic DiSC styles:

  • Dominance: direct, strong-willed, and forceful (fast-paced and skeptical)
  • Influence: sociable, talkative, and lively (fast-paced and accepting)
  • Steadiness: gentle, accommodating, and soft-hearted (moderate-paced and accepting)
  • Conscientiousness: private, analytical, and logical (moderate-paced and skeptical)

People Buy from People They Like

So, what does DiSC have to do with selling? Having a better understanding of DiSC behavior allows you to identify the buyer’s style and how it matches or conflicts with yours. You cannot change the buyer’s style and you cannot entirely change yours, however, you can modify your behavior to mirror more closely the stye of the buyer.

This process, in fact, is transferable to many other banking situations, such as your staff’s propensity to follow risk management procedures, filling operations positions, and compliance with internal processes. Knowing which style is better suited for a particular position or requirement can better the serve the bank’s overall success.

Modifying your behavior allows the buyer to better identify with you and makes them more comfortable. You are creating an environment in which people become self-motivated. Remember that people are motivated by their reasons, not by yours.

Conversely, salespeople tend to sell to people with the behavioral styles similar to that of the salesperson. As a salesperson, don’t shy away from buyers with different styles. Instead modify your behavior to better match theirs. You will find that your sales will increase. If a person understand him/herself better than you understand yourself, they will control the sales ‘dance’.

Using Marston’s research, let’s look at how a D (Dominance) style handles problems and challenges. As you would expect, they tend to be very active, aggressive, and results-oriented. They attack an issue with a calculated, organized, and well thought out approach. Selling to a D style needs to match theirs – be direct, offer logical arguments, provide reason and forethought even if that’s not your style.    

The person with an I (Influencing) style is outgoing, social, verbally persuasive. They tend to be more sincere and reserved and enter situations cautiously – they look before they leap. With this style, talking about non-sales topics at the start of the conversation will allow them to be more relaxed and forthcoming.

The S (Steadiness) style prefers a secure situation and have a tendency to need a more structured, predictable environment. They want the boundaries clearly identified. Better to have a call with them in their office or certainly at their convenience.

An individual with the C (Compliant) style follows rules set by others and understands the effects of not complying with set procedures.

Everyone has some of each characteristic and some have all four, however, each of us is generally influenced by two (2) of these tendencies, approximately 77%. Fifteen percent will exhibit behavior from one tendency, 5% by three and only 3% of any group will exhibit only one of the four tendencies. Interestingly, one instinctual core trait will emerge in a ‘fight or flight’ situation because the need is essential for hat person’s long-term survival.

Communication is Key

Communicating with a person from each style is the foundation for a good sales experience. For the buyer with a D style, be direct, brief and to the point. You should develop a results-oriented approach that identifies opportunities and provides a win/win situation. You should use a logical approach and do not oversell.

Allow time for socialization with a I style buyer. This individual will tend to buy on feelings rather than logic – ask how they feel about the product or service. Involve them in brainstorming and ask for new ideas and approaches to the issue.

Expect to be patient with the Steadiness or S style person; draw out their opinions and allow time for a relaxed discussion. You should involve them in the planning, clearly define all of the facts, and show how your solution will benefit them.

Finally, a Complaint or C style person needs facts and data to reach a decision and wants to examine an argument from all sides. Make sure you focus on quality, keep on task and do not socialize. Above all, allow them time to think.

In summary, understanding your DiSC style is the first step. Next is learning to identify the style of the buyer and adapting your style, as best you can, to theirs. The one concept to remember is that people buy from people the like and that’s no lie.

1 Marston created the lie detector test and introduced “Wonder Woman” of DC comic strip fame.

Print
2023 Top ACH Compliance Audit Findings

2023 Top ACH Compliance Audit Findings

As an organization that originates or receives ACH transactions, it's crucial to stay compliant with Nacha rules and regulations. Failing to...
Read More
Risk & Compliance Pitfalls for Payroll Processors

Risk & Compliance Pitfalls for Payroll Processors

NEACH Payments Group (NPG) has released a study shedding light on the top compliance challenges facing payroll companies. After meticulously...
Read More
Client Town Hall: Risk Management Strategies for Success

Client Town Hall: Risk Management Strategies for Success

Hear from NEACH Payments Group partners, Engage fi and BlueJay AI on ways to streamline your processes to manage risk, improve efficiency, and...
Read More
Upcoming Nacha Operating Rules Implementation & Enforcement

Upcoming Nacha Operating Rules Implementation & Enforcement

- March 18, 2022: Dollar Limit of Same Day ACH Increases to $1 Million - March 19, 2022: ACH WEB Debit Account Validation Rule (Becomes...
Read More
How Credit Card Statement Reporting can be a Differentiator for your FI

How Credit Card Statement Reporting can be a Differentiator for your FI

In an environment where financial institutions (FIs) are looking for unique ways to differentiate themselves—and grow their bottom line in...
Read More
ADA compliance for financial institutions: Here’s something you can do

ADA compliance for financial institutions: Here’s something you can do

Accessibility is about more than in-person parking spaces and wheelchair ramps at branch locations. With so much banking increasingly done...
Read More
A Guide to Payments Audits and Risk Assessments: Helping Financial Institutions Better Manage Risk and Maintain Compliance

A Guide to Payments Audits and Risk Assessments: Helping Financial Institutions Better Manage Risk and Maintain Compliance

While every financial institution is unique, with its own set of risk and compliance  considerations and opportunities, the volume of audits...
Read More
Five Actions You Can Take Today to Prepare for ACH Compliance Audits and Risk Assessments

Five Actions You Can Take Today to Prepare for ACH Compliance Audits and Risk Assessments

At NEACH Payments Group (NPG), we know compliance and risk. We partner with financial institutions to conduct hundreds of compliance audits and...
Read More
NPG ACH Risk Assessments: Top Recommendations 2020

NPG ACH Risk Assessments: Top Recommendations 2020

The 2020 NPG ACH Risk Assessment data reveals four key  recommendations for financial institutions to better mitigate risk.

Read More
NPG ACH Audits: Top Recommendations 2020

NPG ACH Audits: Top Recommendations 2020

2020 NPG ACH Audit data reveals the three most cited areas of improvement for financial institutions (FIs). With NPG’s input, FIs now...
Read More
Ready for a workshop on effective sales and communications?

Ready for a workshop on effective sales and communications?

“Most people don’t know the most effective ways to sell. They do what they think is the right thing to do, which is to share product...
Read More
Using DiSC in the Sales Process

Using DiSC in the Sales Process

Sales professionals are well-trained in prospecting and closing techniques. However, even successful ones can continue to develop skills...
Read More
7 Tips for Supporting Your Small Business Customers and Growing Your Cash Management Business

7 Tips for Supporting Your Small Business Customers and Growing Your Cash Management Business

Small businesses live and die by their cash flow. Yet, upwards of 60 percent regularly struggle with having enough to support business...
Read More
NEACH Payments Group Issues RFP for Investment Manager Services

NEACH Payments Group Issues RFP for Investment Manager Services

NEACH Payments Group (NPG) is issuing a Request for Proposal (RFP) to manage its excess funds. Any organization in good standing is welcome to...
Read More
Being Nacha Certified puts ACI Payments "Above the Other Processors" Who Are Not

Being Nacha Certified puts ACI Payments "Above the Other Processors" Who Are Not

“By being Nacha Certified, we are putting ourselves above the other Processors that might not have this distinctive certification.”...
Read More
ACH Audits: 2019 Findings

ACH Audits: 2019 Findings

With more than 160 years of collective experience, NEACH Payments Group works to create a payments landscape that is safe, compliant, and...
Read More
ACH Risk Assessments: Top Recommendations 2019

ACH Risk Assessments: Top Recommendations 2019

With more than 160 years of collective experience, NEACH Payments Group works to create a payments landscape that is safe, compliant, and...
Read More
Cash Management Case Study

Cash Management Case Study

A Massachusetts community bank was expanding its cash management services for a growing base of small and mid-sized business customers. NEACH...
Read More
Partnering for Innovation:  The New England FinTech Evolution

Partnering for Innovation: The New England FinTech Evolution

Partnering for Innovation: The New England FinTech Evolution draws expert insights from NEACH, New England community banks, and FinTechs to...
Read More

News

Apr - 24

ACH Network Sees Strong Growth in First Quarter of 2024

The ACH Network is off to a remarkable start in 2024, with a 47% surge in Same Day ACH volume and a 10.8% increase in business-to-business (B2B) payments during the first... Read More

Apr - 24

QR Codes Offer a Path to Faster Payments at the "Last Mile" of Adoption

The Faster Payments Council (FPC) recently released a new white paper examining how QR codes can facilitate the adoption of faster payments at the point-of-sale (POS). The... Read More

Apr - 24

2024 AFP® Payments Fraud & Control Survey Report

The annual 2024 AFP Payments Fraud and Control Survey paints a sobering picture of the intensifying fraud landscape facing banks and credit unions. Some key findings: A... Read More

Contact Us