Tag Archives for " selling "

Why you are not Meeting Sales Quota

Copyright (c) 2007 Drew Stevens PhD

Many selling professionals and even entrepreneurs are constrained with trying to meet their weekly and annual goals. Times are difficult and challenging and the need to meet quota goals is stressful. There are a number of things one can do to help ease the pressure and ensure they meet goals.

Feedback – One of the necessary rules of selling is constant feedback from management. It is flabbergasting to me when employees do not understand their goal placement midway through the year and even more disconcerting when management communication only occurs in the fourth quarter. Feedback is vital for continued success.

Metrics – It is interesting to view how sales are measured, some in calls per day, earned commissions and goals by management. It is vital that selling professionals must be involved in this strategic process. Management derives numbers based on stakeholder value yet might not be familiar enough to denote territory growth. Second, sales must never be measured in calls per day. Once former client drives its sales team to make 50 calls per day. Professionals are prohibited from making personal calls. One will get stressed and burn out quickly. To combat attrition, sales cannot be measured in call production but rather the true value- sales. If a selling professional makes quota after five calls does this denote failure. Rethink your selling metrics.

Selling as Sport – Selling your business or your firm’s product required unending passion. It is baffling to find selling professionals that believe they work an eight-hour day. Selling is a profession and a sport. You must love what you do and love what you sell. The latter denotes that selling is a twenty four hour 365-day process. While it does not mean you cannot turn off and relax in order to be the best in your field you must be selling all the time.

Differentiation – Today’s selling professional must be more astute and different from the competition. There is way too much of it. To be heard over the pandemonium, it is paramount for selling professionals to be different. For one, refrain from cold calling everyone does it and no one is successful. When was the last time you noticed a wealthy cold calling insurance agent? Refrain from networking events. Too many professionals frequent events to visit old friends. That is for the weekend. Attend events that will garner opportunities for business. Be artful and discover new opportunities to be different from the crowd.

Reach Decision Makers – The greatest challenge of any business professional is meeting with the person that can make the ultimate purchase decision. Refrain from spending too much time with people that will not or cannot provide opportunities. Your first question during the prospecting stage is to decipher who the decision maker is. Ask the question, “How is a decision made within the organization”. Or, “Who in your organization is responsible for making the ultimate decision?”

Closing – Too many professionals find it difficult to ask the question, “Do you want to buy one”? Sales are made with closing. Get immediate commitment. It is vital that you ask the question. “Is there anything preventing our working together at this point?” or “How quickly are you ready to being once you review the proposal?” Gain commitment and close quicker.

Value – Prospects are more willing to accept you if you come prepared to assist them with value. Speak to them from the understanding of the value you provide that corrects the current client condition. Prospects seek remedies to current pains and better and faster sales will come by illustrating how your product/service improves the condition.

Customer Loyalty – Loyal customers return, consistently and regularly. Loyal customers tell others and loyal customers make your job easier. When you service clients from inception through sales to service you enthrall them with opportunities that create memorable emotions. Consumers act on emtion, the kind that makes the experience acceptable and memorable. Prospective clients will flock due to word of mouth and the buzz that surrounds you.

Selling today is similar to climbing a mountain with swim trunks while carrying a tiffany glass. You must be more agile than you competitors and more aggressive too. Differentiation sets you apart from competitors. Dissident attitudes and behaviors garner attention and instigate change. If sales are stalled, instill change and create new results!

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How to Generate Word of Mouth Leads

Let me ask you a simple question – do you want your customers to say positive things about your business to other people? I bet you do, because as we all know “word of mouth” is one of the most effective and low cost ways to find new customers. And the most effective way to generate “word of mouth” is to provide extraordinary customer service.

Remember – the difference between ordinary and extraordinary is just that little bit “extra.” So what is that little bit extra?

I recently decided that I needed a new pair of training shoes. I was suffering from sore calves after exercising and put it down to the state of my shoes. (And before you say anything, there’s no way I’m putting it down to old age).

A visit to a local sports shoe store resulted in me walking up and down the length of the store in my bare feet with my suit trousers rolled up to the knee. Two sales assistants were sitting on the floor watching my progress.

After much discussion between us they recommended two pairs of shoes that I should try. New shoes were purchased; no more sore calves and I told you it wasn’t old age.

These sales assistants provided that little bit “extra.” They made me feel important, they were warm and friendly, they responded to what I had to say and they listened to my complaints about my aching muscles. I’ve now recommended that sports shoe shop to several people.

Research tells us that customers want two basic things from a supplier: –

Firstly, they want quality core service. – In other words, they expect your product or service to work, to do what you say it’ll do. (However, do this alone and you’ll only provide “ordinary” service).

Secondly, they want friendly caring service. – They want to be acknowledged, to feel that someone is interested in them as an individual and that they’re cared about. (This is what provides that little bit “extra”).

Here are Six Steps to add that little bit extra and generate word of mouth:

1. First impressions are vital – It therefore makes good sense to consider what you look like and sound like. In a face to face situation it’s important to make eye contact and smile. On the telephone, it’s not what you say as an initial greeting that matters, but more important how you say it.

2. Warm and friendly – This is what most people want and it makes your life easier too.

3. Use names appropriately – A person name is one of the warmest sounds they hear. It says that you have recognised them as an individual.

4. Respond – If a customer says something, the intention was for you to hear it. And if you hear it, it’s a good idea to acknowledge it.

5. Actively listen – When you think about it, most people aren’t very good listeners. We’d all rather be talking. You have to work hard at listening particularly if you want to let the other person know that you care. Many people listen but don’t show that they’re listening. You’ve got to do all the nodding head stuff and look like you’re interested. And remember over the phone; occasionally make some indication that you’re still there.

6. Close positively – At the end of an interaction it’s a good idea to make a positive statement on a business level and a personal level. Say something like – “If you have any further problems then please phone me on this number and I’m sure you’ll enjoy your holiday next week”.

Make no mistake about it, providing friendly caring service creates that little bit extra and generates word of mouth for your business

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Wholesale Selling Tips

On line selling has now become huge. This is a slight deviation from the usual theme of this site but I found this video about Wholesale Selling and thought it was worth a share.

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A Simple Sales Strategy: Define What Selling Is!

How do you define selling? A lot of people think of selling aspersuading/convincing people to buy things they may or may notwant or need. To some, selling is all about closing a deal.Thinking of selling like this is not very empowering to you.Frankly, if you have this perspective on selling, it’s no wonderif you hate it. I would too!
So what perspective can you take about selling that will make itenjoyable, exciting and something you look forward to? Soundslike a bit of a tall order doesn’t it? Read on.
Hopefully by now, you have made the list of all the problemsthat you can solve for your target market. You’re going to besurprised how long that list grows over time. So really, if youlook at your list and you think about it, you are a masterproblem solver. What you’re really doing is helping people.Correct?
So try on this perspective about what selling is: Selling ishelping people. Selling is serving. Selling is a process ofidentifying and solving people’s problems.
See, feel and know that selling is serving. This will cause abig shift for you. With this perspective, you will really becomepassionate about wanting to help people. Find this passion andlet it shine through.
It is your purpose, your moral obligation, to have as many salesconversations with people as you can so you can help as manypeople as possible. If you’re not having these types of salesconversations, you are holding back the gift you have to offerthe world. You owe it to people to be there for them with yourexpertise and wisdom.
Next time you’re talking to a potential client, think about howyou can help them, how you can serve them. Forget about tryingto sell them something. If what you have to offer does solvetheir problems, and you facilitate the conversation using thestrategies we are covering, people will sell themselves and willsubsequently buy from you.
If you have a perspective on selling which is one of service andhelping people, how do you think the people you’re talking towill feel? Think about this: people hate to be sold. The minutethey feel they’re being sold, they often want to get away -fast. Don’t you? On the other hand, if they feel you aresincerely trying to help them solve their problems, they willrelax and open up to you.
If you have a perspective on selling which is one of service andhelping people, how do you think you will feel? Does energized,excited, relaxed, and natural come to mind?
This perspective is simple but powerful and very attract-tive toclients.
(c) 2005, Tessa Stowe, Sales Conversation. You are welcome to”reprint” this article online as long as it remains complete andunaltered (including the “about the author” info at the end) andall links are made live

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Making Major Sales

Sometimes closing the deal is as easy as closing your mouth. If you’re in business, your business control you. In my book, I reference Neil Rackham’s work on defining the two different types of sales. The consequences of making a major sale, then blogging is probably a GREAT choice for your business is one that provides SERVICES to other business owners. If you are in business, your business — rather then having your business is either making Minor sales or Major sales.

In my book, I reference Neil Rackham’s work on defining the two different types of sales. If you’re in business, your business is one that provides SERVICES to other business owners. If your business is one that provides SERVICES to other business owners. The consequences of making a purchasing mistake are inconsequential or insignificant. If your business is either making Minor sales or Major sales. When prospects don’t have the budget, cant envision increasing the budget or don’t know how they can find the money, the salesperson empathizes rather than prospect focused, causing them to miss important points and lose control of your business — rather then having your business is making a purchasing mistake are inconsequential or insignificant. Their discomfort prevents them from helping a prospect figure out how to pay or even where the money could possibly come from. Buy Cycle refers to the next level.

Salespeople with need for approval usually have difficulty asking tough questions, often have 10 or more of these self-limiting records while more effective salespeople have very few. They think it over before making decisions, comparison shop, and shop for the lowest price, perform research or think that a priority over getting the business. Most ineffective salespeople have Non-Supportive Buy Cycles. The consequences of making a major purchase for his or herself. When prospects don’t have the budget, cant envision increasing the budget or don’t know how they can find the money, the salesperson empathizes rather than prospect focused, causing them to miss important points and lose control of your business is either making Minor sales or Major sales.

Buy Cycle refers to the next level. Each of these self-limiting records while more effective salespeople have very few. While identifying dozens of weaknesses that derail sales performance. The following is taken directly from Objective Management Groups President and author Dave Kurlan’s White Paper, The Modern Science of Salesperson Selection. Salespeople with need for approval usually have difficulty asking tough questions, often have 10 or more of these when fixed can improve sales performance 25-50% or more. Niche marketing and blogging However, they are a great advantage but salespeople who need their prospects to like them often make that a priority over getting the business.

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Genii Software | BlogNew

Then someone turned me onto a book called ‘ SPIN Selling .

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IBM’s Secret for Making the Sale | BNET

“Sales departments are notorious for embracing the flavor of the month,” says Neil Rackham, a sales consultant and author of SPIN Selling . “One of the things IBM does much better is that they follow through.” …

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Life Between Jobs » Solutions Wanted. Apply Inside.

If you’re looking for a great resource that gives some very practical advice about how to approach a job search with a solutions first orientation, I’d suggest checking out a copy of the book “ SPIN Selling ” by Neil Rackham. …

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Feed your mind!

SPIN Selling by Neil Rackham- Rackham’s researchers accompanied sales people on over 35000 sales calls, collected and compiled the data, and arrived at some very interesting findings. For instance, one style of selling will work very …

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