sales tips & articles

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

There is something about hearing the definition of madness that reminds me of sales and makes me smile.
The definition I'm referring to is "doing the same thing, over and over, for ever and ever, expecting a different result". A mental picture pops into my head and I see Salespeople and Business Owners communicating to clients the same way they always have and saying the same things but hoping to get a better response!

Just as the change of season brings changes to the temperature and to the landscape, the GFC (global financial crisis) is also bringing about some change.

• Attitudes are changing
• Businesses are changing
• Customers are changing
• Markets are changing and
• People are changing

The world as we know it, is changing which is pretty obvious - but have you noticed the change that's been lurking in the shadows and hiding out behind the GFC?

It's called the NEW ECONOMY and you are currently living in it, working in it and now you or your business is going to have to sell to it.

• The new economy has new needs and new wants and brings with it new opportunities and new challenges.
• The new economy will respond and react to new messages and new approaches.
• The new economy will stop responding and reacting to old messages and old techniques.
• The new economy will need to be marketed-to and sold-to differently.

When was the last time you reviewed your sales and marketing plan to see if your ready to seize the opportunities and generate sales from the new economy?

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

Being aware of and managing the amount in your sales pipeline each week, fortnight or month can have the single biggest impact to achieving your sales consistently from month to month and quarter to quarter.

It is an important forecasting tool that all businesses should use even if they don’t have salespeople, as it clearly shows how many sales to expect and when to expect them.

If your not sure what a Sales Pipeline or Funnel is; it is simply a list of all the prospective customers that have indicated some interest in buying your product or service. They will all be at different stages of the sale depending on their interest level and buying cycle and some will drop eventually drop out.



Information such as total sale value, probability of sale and expected close date should also be included to complete the picture.

The term “funnel” is used because you need to continually fill the top with new opportunities to ensure you have an even and consistent flow of closed sales coming out the bottom. The stages can differ from business to business (i.e. can be simpler with fewer stages), depending on how you sell to customers and what the buying cycle is.

It is important to make sure the funnel is always being topped up with new opportunities, that prospects are moving through the stages and sales are being closed. When you need to close some sales quick, it is easy to identify who is the closest to making a decision (thus easiest to close) by looking through prospects in the negotiation or solution evaluation stage.

The sales funnel is a great tool to help you determine if you have enough prospects and to reduce the impact of lost or delayed sales on meeting targets. It’s all in the numbers and that’s why sales is called a ‘numbers game’. To work out how much you need, follow my example:

1. Start with your monthly sales target, lets say it is $25,000.
2. Work out what the average sales value is, even if it is a rough estimate.
3. Determine your sales conversion i.e. of all the first meetings you had or enquiries received how many of those where you successful in ‘converting’ from prospect to customer. e.g. If you received 20 enquiries and made 5 sales, you have a 1 in 4 sales conversion rate. 
4. So you will need ‘4 times’ the amount of your monthly target in your funnel at any time. If we go back to the example, you will need $100,000 worth of quotes or opportunities.

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

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.




 

Receive free sales tips and sales advice when you join 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!

Details to your right !!!

*We promise to never sell, rent, trade, or share your e-mail with any other organization.

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