sales tips & articles

Did you come back from the New Year break invigorated and inspired to make 2012 your best year yet?

I love the saying "if nothing changes, then nothing changes" so in order to achieve bigger success this year, changes need to be made, and remember, it's not just the business which might need tweaking, ask yourself what you will do differently to achieve your goals this year.

Use these 5 quick tips and get motivated, get active and start taking the steps toward building your success this year.

Set Yearly, Quarterly and Monthly Goals.

What do you want to achieve each and every month? It can be related to sales figures, client numbers, performance, units sold or even the number of networking events & client meetings you would like to have. Ask your salespeople to write a one page plan and list their goals, what they plan to do differently and how they plan on achieving monthly and quarterly targets.

Regularly review progress

If you aren't already, hold weekly sales meetings to review the activity and performance of your team and ensure they are on track with their plans and sales achievements. 

Have you got a 'consistent' process in place to know where you are each month, identify red flags and ensure your salespeople are accurately estimating their potential? Receiving weekly forecasts and a pipeline from each person in the team provides much needed visibility into the future and allows you to provide feedback and take corrective action, if required.

Review your sales process

How easy is it for customers to buy from you? How long does the process take from first meeting to signed order to implementation and how many people get involved? How many leads or customer orders fell out half way through?

The sales process begins when you start discussing a potential opportunity with a new or existing customer. Review each step to streamline the processes and remove unnecessary steps or delays that may have caused the sale to stall or be lost. 

Knowing you are different just isn't enough. You might have the best product or the best servcie in the world but if no one knows about it, it's worthless. Additionally, staff who deal with customers tend to become bogged down in a world of negativitiy,  never ending issues and complaints and will lose sight of all the benefits and positives that the business has to over 

Analyse customer base and improve customer loyalty

The simplest and cheapest way of increasing sales is to look through your client base. Analyse your customer database to discover  what percentage of sales each customer contributed to the overall revenue. Classify your customers into A, B and C level depending on the spend, percentage or value to the business.

With particular focus on your A and B class customers, how loyal do you think they are? When things start to get tough and your competitors are knocking on their door offering savings, will they pay more to stay with you?

How will you demonstrate or communicate the value you bring, over and above what they are paying for?

Dig deeper and analyse what products or services each of your A and B  customers haven't bought and what else they could get some value or benefit from. 

Arrange to visit your customers and discuss their plans for 2012 and what they hope to achieve. Is there any products or services that you have that will assist them or make it easier to achieve? Use the visit to update them on your plans for 2012, how you plan to 'love them' this year, new products or services being introduced or talk about a product or service that they aren't buying that you feel they might get benefit from.

Lastly, let them know that your plans are to grow in 2012 and you would welcome any referrals or introductions.

Be different and yell it from the rooftops

Knowing you are different just isn't enough. You might have the best product or the best servcie in the world but if no one knows about it, it's worthless. Additionally, staff who deal with customers tend to become bogged down in a world of negativitiy,  never ending issues and complaints and will lose sight of all the benefits and positives that the business has to over.

Hold a staff or sales meeting and review the successes and positives from last year. Have a discussion on the differences between your business and the competition, as a group analyse your strengths and weakness vs their strengths and weaknesses. How can you use your strengths to highlight their weaknesses and how will you combat their strenghth over your weakness?

Keep focussed on the positives and discuss what is possible and what can be achieved when everyone stays positive and focused. This will help staff to forget the negatives of last year and see the potential opportunities of the future.

Assist staff who aren't comfortable talking about themselves by discussing ways these benefits and differences can be introduced into the conversation or how they can be used to overcome objections and negotiate. 

Understand and identify what new business you want

In the end, it all comes down to prospecting. When we know what we want, we know how to find it and prospecting is no different.

Don't leave it up to the salespeople to decide what customers your business should have in 2012. Share the new business strategy to the team and discuss what the business plans to do to support them and make the job of prospecting easier and more successful.

And remember................ if nothing changes, then nothing changes. Here's to great selling in 2012.

This sales article was written by Karen Andrews, Director of Shine Sales Solutions, a Sydney based Sales Coach and Sales expert that works with businesses to increase their sales through strategy development, sales coaching and mentoring.

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Networking has been good to me over the years. Apart from referrals, it has been the single most successful way of generating new business and building my professional network. It must be the salesperson in me, but there is nothing more rewarding than meeting and connecting with new people who end up as friends, associates or clients.

I just love the randomness of networking and the fact that you never know what fantastic people you will meet.

However, networking can be a very time consuming and very costly exercise if your not maximizing the opportunity you have in front of you. I often tell the staff of clients that networking is not about putting a beer or wine in your hand and talking to people. It’s about talking with a purpose and seeing what common interests or common ground you have.

As my good friend Maurice Gilet from BNI says ‘it’s called net-working for a reason – it’s not ’not-working’!

Here are some tips and information that you might find useful - so get out there networking !

Tip 1
When choosing an event think about what type of companies are likely to attend (large or small) and the position of the person that will attend. It is well known that Senior Managers of most medium to large companies won't engage in business networking (because they think they don’t have to) unless it is for a specific industry event or because the guest speaker and topic are of interest to them. Typically, they send their junior staff or sales staff but, don’t be put off by this because you can still get a lot of the information you need you just need to get them talking and ask some questions. For example:

1. What do you do?
2. How’s business?
3. Is it a large company? How many people do you employ?
4. Do you have more than one office?
5. What kind of clients do you deal with?
6. How do you find new clients (i.e. marketing, advertising or direct sales)
7. If I was to contact your company, who would be the best person to speak to regarding……

Tip 2
If you want to get the most out of any networking group, you will need to attend more than once so that people get used to seeing you and talking to you. When you have been about three times you should notice that people will start to recall your name and business name. Using the service of a new contact or sharing business referrals is based on trust and credibility and trust takes time to establish and build.

Tip 3
Have a goal for each event, i.e. two new contacts, one meeting, or two potential candidates. This way you can judge whether the event was worthwhile and whether it’s worth doing again.

Tip 4
If the thought of networking and walking into a room full of strangers is intimidating for you, ask a friend or colleague to join you. This way the event will be more enjoyable and you will always have a ‘safe haven’ for those times when you are on your own or looking for people to talk to. Just make sure that you don't just talk to each other!

Tip 5
Arrive early so you can look at the name tags on the registration desk and see what type of people will be attending. There may be someone attending from a prospective client; by standing near the desk you can save time searching for them by watching who picks up the nametag.

Tip 6
Stand near the registration desk when people are arriving; people may think you are part of the event and will feel more comfortable talking to you.

Tip 7
Most importantly, always remember to follow up the contacts you have met within 24 hours. A simple email to those who just briefly chatted with or a phone call suggesting a meeting to those who expressed an interest. If you don’t follow up the people that you have met, you are wasting the time and effort you put into going in the first place.

Don't forget that I also run a Networking Skills Workshop (in your office or mine) so if you or your team would like some personal attention, click here or call me on 0294376500


This sales article was written by Karen Andrews, Director of Shine Sales Solutions, a Sydney based Sales Coach and Sales expert that works with businesses to increase their sales through strategy development, sales coaching and mentoring.

If you liked this article, subscribe to our monthly Sales Success ezine. You will learn...

* Easy ways to increase your sales and grow your business
* Simple strategies to sell yourself, even if your not in sales
* How to generate sales easier and quicker!

Enter your details at the top of the page or click here

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Is it just me or is 2009 going to be the biggest and best year yet?

Despite what is being reporting in the media and what we are seeing overseas, many of the people that I’ve spoken to recently are extremely motivated and confident that 2009 is going to be their best year yet (including me).

So if 2009 is going to be your best year yet, now is the perfect time to sit down and work out what you want to achieve and what you need to do to make this happen.

I believe that the businesses that adapt and change and invest in the development of their people will continue to succeed in 2009. There will be ‘pockets’ of opportunity in the marketplace that you may not have dealt with or thought about before so, get some outside help and develop a strategy to know where these are and how to find them.

Additionally, in some sectors there will be reduced demand, less opportunity to sell and increased competition so it is extremely important to ensure that you and your team have a consistent prospecting and lead generation strategy in place.

Salespeople also need to adapt and change. If you are working in sales and have targets to meet, have you thought about how you are going to achieve them? Do you have the right attitude, the right skills and the right approach to be successful? Business plans aren’t just for business owners, they are extremely useful tools for salespeople as well; they are a roadmap to success. It can be as simple as a one page plan that outlines your goals, your daily or weekly plan for prospecting and business development.

So don’t just sit back and see what the year will bring use the tips below, take action and be in control.

1. Be a leader. Don’t get caught up in the negativity or gloom and doom, instead, be inspirational and motivate your team to success. Remember 2009 is going to be your best year yet.
2. Take time out and get some ‘headspace’ to work on your sales strategy. Will you need to change your target market, the type of clients you work with, marketing activities or the way you sell to win new business?
3. Take this opportunity to make changes so you can readily adapt and respond to changing market conditions.
4. Identify skills gaps or weaknesses in you and your team and provide the necessary training, coaching or mentoring. People are the key to success and with fewer opportunities to make sales and increased competition, ensure your team is equipped with the right attitude, the right knowledge and the right skills.
5. Look after your customers because if your not, your competitors soon will be. Pick up the phone or arrange meetings with your clients to discuss their plans for this year and what they will be doing to ensure success.
6. Communicate with your team. Hold regular staff or sales meetings to discuss changes in the marketplace and brainstorm ways to overcome them.
7. Increase accountability. Review staff performance both weekly and monthly to ensure everyone is focused, on the right track and most importantly is building the sales funnel.
8. Be seen and heard. Increase sales and marketing activities so the market can find you and get out and network, network and network.

This sales article was written by Karen Andrews, Director of Shine Sales Solutions, a Sydney based Sales Coach and Sales expert that works with businesses to increase their sales through strategy development, sales coaching and mentoring.

If you liked this article, subscribe to our monthly Sales Success ezine. You will learn...

* Easy ways to increase your sales and grow your business
* Simple strategies to sell yourself, even if your not in sales
* How to generate sales easier and quicker!

Enter your details at the top of the page or click here

It’s difficult to ignore the news of the financial crisis that is occurring around the world and the fear and uncertainty that it is creating. Here in Australia many companies have been tightening their budgets and reducing their spending over recent months and it looks like it’s going to continue. So what does this mean for those of us running businesses or working in sales?

To me it means choices. You can:

1. do exactly what you have been doing in the past and hope that it works
2. admit defeat and tell yourself there is nothing you can do, or
3. sharpen your sales skills and see it as an opportunity not a threat

Opportunities, at a time like this? Yes because situations and events create opportunities.

It’s times like this that many businesses are open to discussing other options and some may even need to evaluate current supplier relationships. It’s a great time to get back in touch with old prospects, find new prospects and to spend time with customers to ensure they are indeed satisfied and happy with your product and service.

No matter how bad the economy may or may not be, people and businesses still have problems that need to be solved and they will still need help to solve them. Sales may slow but they aren’t going to stop.

Here are some ideas on how you can increase your sales and maintain your client base:

1. Maintain or increase your marketing, it’s important to remain visible.
2. Re-focus your sales team and talk about the opportunities.
3. Re-contact prospects that have been called over the past 12 months.
4. Pick up the phone and talk to your customers.
5. Work on your selling skills, particularly your questioning. Make sure your asking the right questions e.g. “Why do you think that?”, “What impact will that have”.
6. Dig deeper and uncover the real need or buying reason. “We need to improve productivity by 5%” is not the real need. Asking “why” will start to uncover the real reason.
7. Improve your listening skills and be an active listener. If you receive a response that is vague or you’re not sure what it means, ask questions.
8. Focus even more on the needs of your customers and your prospects.
9. Stay positive, it will rub off on everyone around you.

Remember, “When the going gets tough, the tough get going and the rest will just complain”.

Which one will you choose?


This sales article was written by Karen Andrews, Director of Shine Sales Solutions, a Sydney based Sales Coach and Sales expert that works with businesses to increase their sales through strategy development, sales coaching and mentoring.

If you liked this article, subscribe to our monthly Sales Success ezine. You will learn...

* Easy ways to increase your sales and grow your business
* Simple strategies to sell yourself, even if your not in sales
* How to generate sales easier and quicker!

Enter your details at the top of the page or click here

Want to increase your sales and grow your business but worried you will come across as a pushy sales person? Not sure what to do or where to start to ensure your business is a success this year? The key to success, particularly in sales, is planning ahead and always be willing to try something new.

1. Review the previous year

Did you make enough money? Did you reach your goals? Compare your sales month to month. When were the good times and when were the quiet times?

2. Learn from your successes and your failures

And reinforce the actions and tools that generated results and those that didn’t. Maximize the good times and minimize the quiet times

3. Know who and what your best source of business is

Was it client referrals or word of mouth and if so, who were your best referrers? What networking events generated the greatest amount of business or provided the best opportunity to meet your target market? How many enquiries were generated from your website?

4. Develop a sales target

Takes into account your personal and professional goals and ask “how will this be achieved?”

5. Improve your sales and business skills

Not just your Industry and product knowledge. If you would like your business to change and grow, how will you and your staff need to grow and change?

6. Know your target market

Create a profile of your ideal client including what they care about, what challenges they face or what they would like to improve. If you know what you are looking for it’s easier to find them.

7. Ask for referrals

Tell your clients and your business network what type of clients you would like to work with and ask them if they know anyone that fits that description. Reward those clients that send you successful referrals.

8. Up sell your existing clients

How many of your clients know about all of your products and services?

9. Increase your networking activity

Expand your contact sphere and go out and meet more people. Networking can be the best form of advertising for your business because you are the promoting it.

10. Follow up, follow up, follow up

The last and most important point. So many sales are lost simply because no one bothered to follow up. It’s not about being pushy and arrogant to get the business; it’s about helping that client make a decision that will benefit them in the long term.

This sales article was written by Karen Andrews, Director of Shine Sales Solutions, a Sydney based Sales Coach and Sales expert that works with businesses to increase their sales through strategy development, sales coaching and mentoring.

If you liked this article, subscribe to our monthly Sales Success ezine. You will learn...

* Easy ways to increase your sales and grow your business
* Simple strategies to sell yourself, even if your not in sales
* How to generate sales easier and quicker!

Enter your details at the top of the page or click here




 

I’m sure most of you would agree that selling to someone who has been referred to you is much easier and more enjoyable than those generated through traditional sales efforts such as direct mail and cold calling. The success rate is higher because they are in the market for your services and are also much less price sensitive because the referring party has told them the value and benefits that you can deliver.

Anyone who works in the Financial Services such as Accountants, Financial Planners and Trades and Services realizes the potential of well managed relationships. Many have built very successful businesses simply by managing a handful of alliances and have little need or desire to do any other form of marketing. Yet there are also a lot of people out there who try the same thing but it just never seems to work.

So why do they work for some people but not for others?

Successful alliances grow from good relationships with people who have a similar mindset, similar values and similar ethics. They are based on mutual trust which is built up and managed over time; having one meeting and following up with a phone call a month later just won’t work. Would you refer your clients to someone you hardly know?

It is also about your expectations of the alliance and how you position the relationship. It should never be about how many referrals you can get but rather how you can add value each others business and clients.

Here are some tips to help you maximize your alliance relationships:

1. Don’t attempt to set up an alliance with someone just because they are in a complimentary business. Do they have similar values, ethics and mindset as you?
2. Discuss your client base, do you have the type of clients they are looking for and vice versa?
3. Discuss the expectations of the alliance, how you would like to see the relationship work and why you think there is potential for both parties.
4. Give you alliances time to mature and develop and be willing to put the effort in, it can take 6-12 months before you really understand each others business.
5. Develop a system on how you will maintain contact and communicate. In the first 6 months aim to meet face to face at least every 2 months and have phone or email contact in between.
6. Don’t expect any referrals in the short-term, expect only to be informed and educated on their business, their clients, what is a good referral, how to find them and what to say when you do.
7. Develop ‘cheat sheets’ for their staff that outlines what to ‘look out’ for or ‘listen to’. Take it one step further and write a script on what they can say to introduce you. For example, “Mary why don’t I get John from XYZ to call you, he has helped a lot of our clients who have had similar problems...” It might seem obvious but it’s about making the process as easy as possible. There are many people who feel that introducing a third party is being pushy or rude.
8. Ensure everyone has a pile of your business cards to hand out. It helps the client to remember who you are when you call.
9. If you have been given a referral, communicate the progress to your alliance so they are aware of whether it was a good referral. Explain why it was such a good referral or why it wasn’t. Remember it’s about ongoing education until you get it right.
10. Once the relationship is established meet regularly to inform them of changes to your business such as new products or services and for you to learn of changes to their business, particularly staff changes.

This sales article was written by Karen Andrews, Director of Shine Sales Solutions, a Sydney based Sales Coach and Sales expert that works with businesses to increase their sales through strategy development, sales coaching and mentoring.

If you liked this article, subscribe to our monthly Sales Success ezine. You will learn...

* Easy ways to increase your sales and grow your business
* Simple strategies to sell yourself, even if your not in sales
* How to generate sales easier and quicker!

Enter your details at the top of the page or click here