sales tips & articles

Many salespeople looking to improve cold calling techniques tend to focus on the mechanics of the script or how to qualify but fail to look at whether they are getting a commitment from the prospect.

Telling a prospect what want to do and them agreeing, is not commitment, it’s just them agreeing to your process. Many sales reps seem happy that someone asks or agrees to be sent information and mistakenly think the prospect is interested and fail to get a commitment to follow up or a next step. More often than not it’s because the sales rep doesn’t want to push it or ruin it by asking for clarity and commitment as to the next steps.

A quick tip – if someone has agreed to receive information, they are not interested they just know it’s the quickest way to get a salesperson off the phone!!

Successful salespeople know that to gain commitment from the first call and get buy in this early in the process tells you so much about the quality of the sale and how quickly it will progress. When a lack of commitment is shown, it sounds warning bells that the prospect may not be that strong.

It’s important to understand that commitment is not the same as someone agreeing with you. Agreeing with what you have said or outlined is simply that – agreeing. Many salespeople make the mistake that because a prospect has agreed with them or even acknowledged the process the salesperson has outlined, that this is commitment.

Commitment is defined as “the act of committing, pledging, or engaging oneself” or “a pledge or promise; obligation”

For example:

Salesperson – “I can get the application form over to you by 3pm and if you get back to me by 5pm, I’ll have it installed by Friday”

Prospect - “Ok thanks, that sounds great”

There is no commitment that the prospect will do what you have said, all they have done is agreed with you.

You could instead try this

Salesperson – “I can get the application form over to you by 3pm, can you get it signed and back to me by 5pm so I can have it installed by Friday”

Prospect - “No, I can’t get it back by 5pm but I can get it back to you by 10am tomorrow morning.”

Here are a couple more ways to ensure your getting commitment from your prospects:

Committing to receive a follow up phone call – agree to date and time

“I know you’re extremely busy and I’ve got a crazy week coming up so why don’t we make an appointment to speak again. How does (insert day and time) suit you?”

Committing to an action – they do something for you prior to the next step or you do something for them

“Ok just so we agree, you will speak to your IT manager and get a copy of the specifications and his agreement in principle, so we can begin to develop the solution when we speak next week – agreed?

Committing to the next step

“Now that you have all agreed on the solution, what are the next steps from your side?

Committing to what they will buy, before they buy it

“I think we have everything covered and I’ll arrange for the paperwork we discussed to be sent over. Once we get the paperwork out of the way, how many licences do you think you will start with?
 
BEWARE!   These techniques will mean you have a lower volume of prospects in your funnel – yes less!!! No longer will your pipeline be full of time wasting, slow and low quality prospects. Instead, your pipeline will be filled with high quality, genuine sales opportunities that are well qualified and committed to the process – so you enjoy a higher rate of sales success.

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 process improvement, 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
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Did you know that the majority of sales leads and enquiries do not get followed up more than once (which could be why your business has a low conversion rate*)?

To improve your sales or that of your sales team, develop a system to regularly check where each one is at and when they were last contacted. If you hold sales meetings, doing it at the beginning or end of each month is perfect.

Here are some statistics that I'm sure you will find most interesting:

• 48% of sales people never follow-up with a prospect
• 25% of sales people make a second contact and stop
• 12% of sales people only make 3 contacts and stop
• Only 10% of sales people make more than 3 contacts
• 2% of sales are made on the first contact
• 3% of sales are made on the second contact
• 5% of sales are made on the third contact
• 10% of sales are made on the fourth contact
• 80% of sales are made on the fifth to twelfth contact

To ramp up some sales in the next couple of months, go through all the leads you have received over the last 3-6 months and either you or your sales people pick up the phone and call them. You will be surprised how many people haven't done anything, simply because no one has bothered to follow up and they have simply been too busy to do anything about it.


* Your sales conversion rate is how many enquiries you receive vs. how many you convert into customers over a specified time frame. To calculate your sales conversion rate follow this simple formula

Total No. of Sales/ Total No. of Enquiries x 100 = Sales Conversion

e.g. 80 sales / 120 enquiries x 100 = 66.67%

For for every 3 enquiries you will be successful in 1 sale, so you need to have 3 times the amount of your budget (or number of required sales) in your pipeline at any one point in time.

This sales article was written by Karen Andrews, Director of Shine Sales Solutions, a Sydney based Sales Coach, Strategist 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

Did you know that one of the biggest gripes against salespeople by decision makers is the lack of follow up?

Many people resist following up because they find it uncomfortable and don’t want to seem pushy or annoying and many people don’t follow up because they simply forget. This lack of follow-up presents a great opportunity for those who are organized and take the time to do it.

Follow-up is important because

• It lets people know you are interested and that you care
• It’s shows your level of commitment
• It keeps the relationship progressing
• It provides opportunities for new discussions and new ideas
• It reminds people you are out there and available
• It shortens the sales cycle
• It saves people time
• It leads to sales!

Some people walk a fine line between following up and being a pest so it’s important to know when enough is enough.

When cold calling, follow up can range from one to six months depending on the interest level, time of year and budgets (to name a few). Follow-up is not about pushing your products or services but rather developing a relationship and ‘earning the right’ to do business with people. When following up, don't simply call to "follow up”, add value in every call and think about what you want to say prior to picking up the phone. Is there something newsworthy that you can discuss that applies to them? Perhaps a success story with a client you've worked with? For example:

• "I was just thinking about our recent conversation and I have some new ideas that I'd like to share with you regarding how our [product/service] may actually complement and enhance what you're currently doing, especially when it comes to [state benefit/end result they could realize]."
• "I was thinking about another client who was in a similar situation as yours and thought that you might be interested in hearing about how we were able to eliminate the challenges they had, such as [state some problems your product/service could eliminate]."
• "We've made some interesting changes to our [product line/service/programs/packages] and thought of you and the results you were looking to achieve. There may be a great fit here worth exploring in more detail so that you can [state compelling benefit]."*

There are many, many examples of large sales being made after 6-12 months of calling just to get an appointment to discuss the opportunity, so don’t give up after the first call.

If people insist that they have no need for services and do not anticipate ever having a need, ask if they would like to be included on your mailing list so you can send them interesting information, tips (just like this one)and to keep them abreast of changes in your business or your industry.

If you need to follow-up after a client meeting, I find the best approach to take is to ask them when is the best time to call. This is particularly relevant if you need to follow-up a quote and you’re not sure when they will be making a decision. For example – Client “I need to look over your proposal and will give you a call once I’ve made a decision”. Sales rep “No problems, if I haven’t heard from you by Thursday (I usually wait 2-3 days) would you mind if I gave you a call?”

By taking this approach you are being told when to follow up and have been given permission to do so – it’s efficient, removes any discomfort of follow-up and it works.

Remember, follow-up takes organisation and good record keeping – not a good memory. There are a number of great contact management (or CRM) systems that will keep a record of all your interactions and allow you to enter follow-up calls or tasks. Many of these programs integrate with your Outlook calendar and your handheld so you can enter reminders in the office or out on the road. I use ACT by Sage to enter all my meetings, phone calls and reminders, which synchronises with my Blackberry. No matter where I am I always have access to my diary, my reminders and all my contacts. It’s fantastic when I need to follow someone up on a particular day that may have been weeks after the initial meeting.

So, impress your prospects and your clients and earn the right to do business with them; it highlights your commitment and your interest in having them as clients. You will be amazed at the results and just how much you stand out from the crowd.

This sales article was written by Karen Andrews, Director of Shine Sales Solutions, a Sydney based Sales Coach, Strategist 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

* quotes were supplied by K. Rosen at allbusiness.com

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

If you are targetting a particular industry or business type, getting involved with the relevant Industry Association is a great way to make new contacts and gain credibility and exposure.

I have used these for years and it has been a great way for me to target an industry sector, get new appointments and generate sales. Quite a lot of the Association websites will list their members by location or profession. Additionally, I find this a better way of accessing corporate decision makers who will not normally attend general business networking events.

Many Industry Associations have seminars and events that are very well attended (particularly if there is a guest speaker or topic they want to learn about) and that will allow you to attend as a Visitor prior to paying any membership fees.

This is not just limited to Industry Associations, there are a number of International Business Councils (India-Australia, China-Australia) that hold events and provide access to key decision makers
 
This is a great website that lists just about every Association, Chamber of Commerce and Business Council in the country.

Government and Business Directory


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

In today’s economy, marketing budgets are being stretched, messages are getting lost and we are getting bombarded with advertising and marketing messages, so how can you really stand out and attract new business on your website?

In reality there are so many things that can be done with a website but I have decided to just focus on one, which came about from a business associate was telling me about the success he's had with some of his clients in relation to video... in short "Video Works Bettter"

Information supplied by Ajit Singh from Rocket Productions

Did you know that online video ads get around 500% more clicks than photo ads online? Or that around 78% of Australian internet users download and stream video and audio online (CGM)? Showing the benefits of your product or service on your website is typically done by photos and text and considerable investment is put into these mediums, however, video actually attracts more people and emotionally engages decision makers, often better than photos and text. We know that the greater a prospect’s desire is, for your specific product or service, the more likely they are to buy from you instead of someone else.

Standing out is critical in today’s market. Communicating with imagination and making your audience sit up and take notice of you, delivers the ‘wow factor’ better than traditional mediums. Professionally produced video content delivers better outcomes than the homemade handycam option, so it is always far better to get an experienced professional to make sure your content looks fantastic and does the job well.

Click here to find out more.’

Typically a cold call is the process of approaching prospective customers (called prospects) typically by phone but it can also be done face-to-face (via door knocking). The term 'cold call' is used because the person you are contacting has not asked you to call, is not expecting it and is not known to you.

Cold calling can be a legitimate and successful way of generating new business, if it is done correctly and professionally. This article refers to 'business to business' cold calling to generate an appointment rather than make a sale over the phone.

1. Use a friendly, conversational approach rather than a cold, direct approach.
2. Don’t try and sell on the phone; you can’t. You can, however, get a meeting or permission to send information.
3. Talk about how you can help that business or how you have helped other business. Don’t try and sell to them.
4. Name other clients that you are working with who are in a similar industry or who are a similar size to the company you are calling.
5. Set a goal for each phone call. Would you like contact information, a meeting or permission to send information.
6. Write down all the possible objections that you are likely to encounter and have an answer ready for them.
7. Target a particular Industry at a time so the script can be adapted and modified to their current situation, challenges or problems they may be experiencing.
8. Always treat Assistants, Personal Assistants and Executive Assistants with respect; they have the power to get you in or keep you out.
9. If you get through to the right contact and they sound busy or harassed ask them “is now a good time to talk?” should I call you at a later time?
10. Make your calls from 9.30am to about 11.30am and then start again around 2pm and go through till 4pm.
11. Set yourself a call target rather than a time target, it makes it easier to achieve.
12. Don’t leave messages; it is rare that anyone would call you back.
13. Ask or appeal for help rather than just going straight into a spiel.
14. Don’t be fooled into thinking that a person asking you to send information means they are interested...they are simply trying to get you off the phone!
15. If you send information by email make sure you follow it up the next day to confirm the person received it. This gives you the chance to ask them if they have any questions and gauge their interest in meeting.
16. Try and do your calls in a block of time, one after the other, after the other. After you have finished 10 calls, for example, then send out information or do follow up. This saves you reliving the ‘fear’ or the ‘pain’ of picking up the phone. After about 3 or 4 calls you will have established a habit and you will be much more confident.

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.

Stand out from the crowd when you cold call with our Do-It-Yourself Guide to Cold Calling.Click here for more information.


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

Do you get frustrated constantly searching for prospects and contact information? The traditional methods of building a list of people that you can market and sell to such as purchasing databases, driving around business parks and noting the tenants of buildings that you walk past are great, and they do work, however, they are costly and time consuming. If your looking for something quick and effective that you can do from the safety of your desk, try these:

1. LinkedIn

If you do an advanced search on LinkedIn you can search for contacts in a particular industry, location, position or a mix of all three (e.g. All Sales Managers in Sydney). It will give you their name and tell you if anyone in your network is connected with them, so you can ask your contact for an introduction.

2. Google Earth & Google Maps

Google Earth and Google Maps are great tools to find concentrated areas of business and to avoid having to drive around or randomly call through the yellow pages. If, for example, you have a client in Building A and you would like to find out who else is in that building that you can sell to (always smart to sell to their neighbours, it’s known as sandwich selling) or that location, a quick search on Google Earth or Google Maps will give you a list of the businesses in the building, the street and the suburb. Google Earth will also let you pan around the area and see other buildings and other streets.

3. Industry Association Websites

I have used these for years and it has been a great way for me to target an industry sector and get new appointments. Quite a lot of the Association websites will list their members by location or profession. A quick search will give you a list of their name, address and phone number.

4. Franchise Directories

Selling to franchises can be a very successful and very lucrative way to increase sales and help you to consistently meet your sales targets. This is where volume sales come in and when you have a critical mass of franchisees as customers, they tend to do the selling for you and promote your business through word of mouth and referrals.

5. Your Website

This one is mentioned a lot these days but I’m still amazed as to how many people don’t utilize their website to generate new enquiries or build their contact lists. Offering free tips, e-books or access to free resources and tips is a great way to build a marketing and prospect database. I send out information every 2-3 weeks on sales techniques, sales tips and free resources just like this blog article! It has been a great way of accessing people I would never normally come across as well as building my profile.

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


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.




 

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