Tag Archives: sales lead

Business Development, Business Strategy

Why is Selling So Difficult For Small Business Owners? Use These 3 Sales Management Strategies

Why is selling so difficult for small business owners? The ability to sell is necessary for every business yet it is often a neglected activity. To simplify the selling process, you need to build a sales approach into your marketing mix program. (Your marketing mix includes product, price, promotion and place – the sales activities belong in the promotion category.)

First, it is important to understand the marketing mix promotion category. Marketing promotion includes personal selling (face to face), direct mail marketing (one-to-one and via email or mail), and use of telemarketing campaigns (one-to-one and via telephone). Additionally, marketing promotion includes the advertising (for example, radio, newspapers, internet, magazines, storefront, and more), promotions (for example, trade shows, coupons, contests, point of purchase displays and more), and public relations (for example, press releases, community involvement, and more) activities.

Second, it is important to build a sales plan targeted to each product or service category, and also focused on each type of customer. If you are entering new markets, use sales contact management and sales leads software to focus your efforts. This software will also provide good sales service maintenance and follow-up support. Business process management tools help you to focus your sales activities and provide you with valuable time saving tactics. You can track and manage your activity and results for leads, prospects, and customers. You can also integrate your sales leads software with your sales management software to develop reports on customer purchases, service or product launches, price change impacts, service or product change impacts, and more.

Third, develop strong negotiating and closing skills. Always look for a win/win solution both for you and your customer. Make sure you focus on the unique value and benefits of your products and/or services and how that value will benefit your customer (solving their needs or problems). To negotiate a sale and to close a sale effectively requires a specific skill set. You need to be a very good listener and really hear what your customer is saying. You also need to be sincere – how many times have you heard pre-rehearsed closes that just turn you off? You can practice your close but when you are in front of a potential customer make sure that you can close based on what your customer just told you, what you heard, and what you believe you can deliver – in effect, how will you fulfill your customer’s needs more effectively than other suppliers?

To be successful in business, you need to either be successful at selling or be able to hire a great sales person because no matter what you have to sell (product, service, idea or something else), you will have to sell it to someone. Learning how to sell effectively is possible but you need to enjoy it. If you dread the idea of selling, don’t do it (your customers can perceive your discomfort and you will find it even harder to make the sale). Hire someone who loves to sell to do it for you (you can hire an employee, or sales agent, or contract worker, or broker but it is likely that employees will be most committed to you and your business). Customers and potential customers will resist buying from someone who isn’t comfortable with the sales process, and while you might get some orders, hiring someone who is good at selling will free you up to do what you’re good at… a much more effective use of your time and resources.

Overcome the challenge of developing small business sales skills:

  • learn to focus on developing a marketing mix promotion that includes building service or product differentiation and positioning features and benefits that help you to increase sales successfully;
  • learn to build an effective sales plan and use software and business process tools to help you manage the plan;
  • make sure you develop strong negotiating and closing skills and
  • learn how to manage your own efforts, or the efforts of others.

Learning how to sell effectively is of critical importance to your small business sales growth; and just as important is recognizing when to hire someone to do the selling for you.

Kris Bovay is the owner of Voice Marketing Inc, a business and marketing services company. Kris has 25 years of experience in leading large, medium and small businesses; including developing successful sales plans and strategies.

You can find more strategies on how to sell on the More For Small Business website: specifically business to business selling and business to consumer selling strategies. Copyright 2010 Voice Marketing Inc.

Article Source: https://EzineArticles.com/expert/Kris_Bovay/216730

 

 

 

 

 

 

Sales Coaching

Sales Coaching – How to Turn a Shopper Into a Buyer – Taking a Sales Lead

Shoppers don’t yet know what they want to buy so how do you turn them into quality sales leads?. This is how a person’s mind is working when they are shopping for, say, a new kitchen. “I know I want a new kitchen, but I don’t know which style to choose; I don’t know how much I can afford; I don’t know what kind of sink, or taps, or oven, or worktop, or fridge, or … to choose? You may find this kind of response is familiar for shoppers in your industry.

Do you send them off with a brochure? Do you take the lead anyway in the hope that the prospect would have “got themselves sorted out” by the time the sales appointment comes round? Do you try and help them make a decision on product ranges before you take the sales lead? Do you dismiss them as time wasters? Most of these responses to a shopper will generally develop into a sales lead that does not sell.

Buyers, on the other hand, will generally know what they want and spell out or list the ingredients of their required purchase. Their mind is working in a more focused way and slight changes to their original order can easily be made to the final sale through the introduction of “value added” products and services such as labour saving equipment and insurance backed guarantees, etc.

A few qualifying questions asked of a buyer are quickly answered. They are open to suggestions based on new technology or better quality materials. They want to get to the next stage of their buying cycle as quickly as possible. However, they are still looking for one more ingredient to turn them as a qualified sales lead into a satisfied buyer and customer. If you are thinking … discount or special offer, you are way off the mark! Before this question gets answered, let’s go back a step and look at a few tips on how to tell a shopper from a buyer.

Shoppers:

  • A shopper will meander around a display area and will probably be trying to compare ‘apples’ with ‘pears’ from your product portfolio.
  • Physically, a shopper will walk and touch things more hesitantly.
  • Shoppers will generally wait to be asked if they need help.

Buyers:

  • Alternatively, a buyer will be more focused at what they look at from a product point of view.
  • A buyer is more likely to read point of sale information.
  • A buyer will ask more in-depth questions and will probably relate these questions to specific circumstances – their reason for wanting the product.
  • Buyers generally approach or walk towards a product or sales assistant more confidently and will be more likely to open the conversation.

 

For the person taking the sales lead, it just needs them to watch the customer’s activity and change the opening comments or questions to fit their assessment. However, the opening question can be the making or breaking of converting the shopper into a buyer. Although these are generalisations, it is a basic human characteristic of how knowledge, or lack of, affects the psyche.

Now for the answer to above comment of what additional ingredient is required to turn a buyer into a qualified sales lead and subsequently a satisfied buyer and customer. This is also the same ingredient that helps shoppers become buyers. It is confidence and you will never get anywhere near the completion of a sale with any prospect until you have installed this characteristic into the shopper or buyer.

Taking this a stage further … if you agree with the precept that people buy people first and the product after, the feeling of confidence from a prospect must be in the sales person not necessarily the organisation they represent although this may be a consideration later.

Getting the “first contact” right every time means understanding how this element of the sale forms an important part of the complete process that takes a sales lead to a successful sale. However, there are many companies that sell their products and services direct to the public that do not successfully link the sales lead with the sales presentation and, as a consequence, will always be working on the wrong aspects of conversion ratios.

Ian D Ludlow helps sales and customer service people and organisations in the business-to-business, direct sales and retail environments to improve their current performance.

As a Master Practitioner of NLP and Accredited LVT Practitioner, he uses fun and creative techniques to change unproductive behaviours and to help individuals and teams THINK FASTER and REACT QUICKER to ever changing market conditions.

He states, “If you carry on doing what you’ve always done, you’ll always get what you’ve always got.” Ian’s specialism is knowing what to change and how to change it with minimum effort and maximum return.

Ian helped improve the average sales value for a retail business by 14% which added £34M in sales revenue over one year from 320 stores. He also helped increase the sales conversion ratio by 7% through quality sales training and lead generation programmes for a kitchen and bathroom installer; increasing sales by £24M over one year.

Ian D Ludlow can be contacted on +44 (0)1795 55 56 83 whilst his website is under construction.

Article Source: https://EzineArticles.com/expert/Ian_Ludlow/104607

Article Source: http://EzineArticles.com/725949