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!
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sales tips & articles
10 Ways to Increase Your Sales
What to do when the sale stalls?
How many stalled sales do you have in your sales pipeline right now?
You feel as though you have done everything right. You have connected well with your prospect, they have explained their business and relevant personal issues and you are working directly with the person who has the authority and ability to make the decision. They have given you all the right buying signals but the only problem is you can’t get them to sign on the dotted line and now they aren’t returning your calls.
In order to jumpstart a stalled sale, you must first diagnose the reasons behind it. The problem may not be that the sale stalls, the problem is that we just don't recognize it soon enough and waste valuable time and resources on dead-end opportunities.
Little connection to a critical business issue
How is your solution addressing a business issue for your customer or prospect? For each opportunity in your sales pipeline answer this question:
Why does your prospect want to buy this product or service?
If you cannot communicate how your solution can
- Improve revenue, productivity, qualify or efficiency
- Save time or money
- Solve a critical problem, challenge or frustration that the business is facing
Customers Are Busy
The end of a sale often becomes difficult when your customer or prospect stops returning your calls and emails, overnight. It appears as though they have lost interest and the sale has gone cold...Or has it?
Many of us find it difficult to get everything done during work day or experience unexpected problems which take our focus elsewhere and your customers are no different. In fact, the better the prospect the busier they are likely to be.
It is important not to panic at this stage and let the customer or prospect fall away or to annoy them with endless phone calls and messages.
Keep momentum by maintaining regular contact, acknowledge your client is busy and perhaps ask them when would be an appropriate day or time for you to call and follow-up.
"I Want to Think it Over"
When a customer says, "I want to think it over," this may not always be the case. Some are actually saying "thanks but not thanks" to avoid a potentially negative and uncomfortable situation and some genuinely do want to think it over or talk to their business partner. The important thing is to know the difference between the two.
Some people just need a little push and a little help to make the decision. They may find making decisions difficult and are afraid of making the wrong decision. To many, no decision is the best decision.
When the prospect says, "I want to think it over," it is important to acknowledge and respect what the client says. Smile and say "that's a good idea, this is an important decision and I completely understand your need to think about it" which will help the prospect to relax.
It important now to leave now or you will lose this person as a prospect and being the never-ending game of phone tag and follow-up.
Ask the prospect "Obviously you have a good reason for wanting to think it over. May I ask what the reason is?”
This gives you the opportunity to see how genuine the prospect is and to uncover their real concerns and objections and say “If we could do this, would that solve the problem?"
Fear of Rejection
A major obstacle to selling is the fear of rejection or criticism. This fear can jeopardize all your hard work as your sales simply slip through your fingers and go cold.
Fear of rejection is a genuine emotion that many people in sales experience at one point or another and can be overcome through practice and by changing your mindset about sales and follow-up. Sales is not about being pushy and arrogant, it is about you communicate your ability to help and solve problems.
Did you know that one of the biggest complaints consumers have about salespeople is that they don’t follow up?
Your customers are busy too, so making a quick courtesy call to see how the decision is progressing may actually be doing them a favour. Who knows, they may have been meaning to call you all along but have simply been too busy.
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...
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Common Characteristics of High Achievers in Sales
Following on from my article "Solving the Salesperson Puzzle", I thought I would look at some of the characteristics and attributes that high achieving salespeople tend to have over their mediocre and poorer performing salespeople.
Many people believe great sales-people are born, not made but I disagree. Sales is a process that can be taught to anyone and it is simply how the process is applied that separates good from great. Success in sales comes from skill development, attitude, confidence and behaviour.
Personally, I recommend you spend more time interviewing on attitude, behaviour and whether someone has an achievement mentality rather than focusing on skills.
The following list has been compiled based on my own sales experience, observations in dealing with hundreds of sales people and my what I have always known to be true.
- Believe you can
- Have a great attitude and great environment
- Surround yourself with successful, like minded people
- Continue to learn and grow, learn something new every day
- Plan for the day
- Become known as an expert who has valuable knowledge and is willing to help
- Have the answers your customers and prospects need, before they ask
- Recognise and act on opportunities
- Take responsibility for your actions
- Stop talking, start doing. Take Action !
- Make mistakes
- Be willing to take risks
- Stay focused on your dreams and goals
- Ensure you have balance in your life
- Be persistent, don’t give up
- Have a positive attitude, every day
- Avoid negativity and negative people
Do you agree with what I have listed, disagree or have I missed some things? I would love to get your feedback.
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!
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Tips on how to present a Proposal or Quote
Many people in business and in sales find discussing price very confronting and very uncomfortable, yet it' one of the most important aspects of the sales process and can be a significant indicator as to whether you will be successful in winning the business. Whether you prepare a written proposal or a simple one page quotation, whatever you do, don't try and avoid discussing the number that is on the page or skip over it onto something else. It's is one of the most significant factors that influences the buying decision and you want to make sure that your prospective client understands what tangible and intangible benefits they are getting for their money.
I have compiled a list of tips that will help you win more sales and to win them quicker but also to help reduce any anxiety or discomfort when talking about price.
- Avoid nasty, uncomfortable surprises when the price is discussed or when you ask for the business. Before you start discussing the proposal, ask if anything has changed since your last meeting.
- Insert a “Current Situation” or “Executive Summary” to the beginning of your proposal. A short summary of the first meeting to demonstrate your understanding of the business and what they would like to achieve
- Where possible, present your pricing in person rather than sending via email. It may seem like a waste of time but it gives you the ability to read an immediate reaction to your proposal and your price. It also saves you the time and hassle of having to phone them later and ask if they would like to proceed.
- Take a copy for each person in the meeting, however, have ONE copy that is not stapled or bound.
- Present one page at a time to the person or the group, taking the time to reinforce the key points in each section. This allows you to talk about the value you can offer and the benefits of dealing with your business, before it gets to price.
- Close the sale. Don’t let the opportunity go by because you feel pushy or are worried they might say no. If you don’t ask, you don’t get. Besides, they might have been meaning to call you but have been caught up.
- If you are uncomfortable asking for the sale, use an Assumptive Closing technique. For example: “to get started all we need to do is” or “if you could send over the files, I can go through them” or “I’m free on Wednesday, if that works for you”.
- Read a book on Body language. Having the ability to read a person’s reaction through their body language is very useful when presenting pricing and negotiating. You can immediately see a positive or a negative reaction to the price.
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Success comes when you embrace and enjoy change
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
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.
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!
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Achieve your Sales Targets with your Sales Pipeline
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:
- Start with your monthly sales target, lets say it is $25,000.
- Work out what the average sales value is, even if it is a rough estimate.
- 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.
- 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
How can I make cold calling easier?
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.
- Use a friendly, conversational approach rather than a cold, direct approach.
- Don’t try and sell on the phone; you can’t. You can, however, get a meeting or permission to send information.
- Talk about how you can help that business or how you have helped other business. Don’t try and sell to them.
- 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.
- Set a goal for each phone call. Would you like contact information, a meeting or permission to send information.
- Write down all the possible objections that you are likely to encounter and have an answer ready for them.
- 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.
- Always treat Assistants, Personal Assistants and Executive Assistants with respect; they have the power to get you in or keep you out.
- 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?
- Make your calls from 9.30am to about 11.30am and then start again around 2pm and go through till 4pm.
- Set yourself a call target rather than a time target, it makes it easier to achieve.
- Don’t leave messages; it is rare that anyone would call you back.
- Ask or appeal for help rather than just going straight into a spiel.
- 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!
- 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.
- 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.
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...
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Are you asking questions that make your customers & prospects THINK?
Questioning or probing as it is also known, is most of the most important skills you can learn when dealing with customers and one of the most powerful. The ability to ask questions that uncover important information about a customer’s needs, current supply and willingness to change is a strong characteristic of a ‘consultative’ sales approach.
Most importantly, when you ask great questions it can help you to win new business much quicker and with fewer objections. When we help prospects to think about the needs of their business and to really think about current or potential problems or challenges they may face, they start to see us differently and understand the value we can add to them or their business.
There are 2 common types of questions you can ask: ‘open’ questions and ‘closed’ questions:
1. Open questions usually result in longer answers and are aimed at getting your prospects to think about the answer.
For example: “What plans does the organisation have to achieve...”
2. Closed questions can be answered with a yes, no or one word and are used to qualify the response to an open question.
For example: Do you have any plans at the moment?
The challenge in questioning is to ask more open than closed questions as it is easy to fall into ‘interrogation mode’ by asking lots of closed questions rather than a few strategic open questions.
Over the years I have met many people who are looking for help to close sales quicker and/or easier and the first thing I ask them is “what happened in the first appointment”, “what needs of the prospect are you meeting” and “why would this prospect want to buy your product or services?”
When we discuss their questions they are usually very surprised to find out that they are asking the same stock-standard questions that most people ask and they typically aren’t that interesting either. Imagine how repetitive and un-interesting it is for your prospects to be asked the same questions over and over again?
Ask yourself, “are you asking questions that all your competitors are asking or are you making your prospects think?”
Here is a quick test you can take to see if you are asking the same questions as your competitors or whether you are making them think. In your next appointment:
- Does the prospect start to give you a summary of the information you need before you have the chance to ask any questions?
- When you do ask a question, does the prospect answer it relatively quickly or do they take a moment to think about their answer?
- How often do you hear your prospects say “that‘s a great question, I hadn’t thought about that?”
Here are some to get you started:
- How will these issues impact the organisation in the future?
- How do they impact you?
- What do you look for in a potential supplier (or partner)?
- What do you like about your current supplier?
- What do you like about them?
- Is there anything that you don’t like?
- What would make you change suppliers?
- How would you like to see it working (perfect world)?
- What is your decision making process?
If you liked this article, subscribe to our monthly Sales Success ezine. You will learn...
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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.
Sales Tips for the First Appointment
It’s all about planning and preparation
It’s amazing how many sales people and business owners I talk to who under-estimate the value and importance of planning and preparing for a first appointment.
In the early days of my sales career making this change had the single biggest impact to my sales success. Besides, there is nothing worse than leaving an appointment without having the information you require simply because you forgot to ask the question.
The objective of the first sales meeting is to build rapport with the buyer and understand not only their needs but the priority of these needs.
Planning your appointments and taking a strategic approach helps to:
- Reduce the chance of surprises in the appointment
- Create a more professional impression
- Increase the likelihood of achieving objectives, and
- Reduces stress
What value are you offering your prospect by having this meeting? What’s in it for them?
What would you like to achieve in this meeting (keeping in mind it is often difficult to close the sale in the first meeting)
What situations or events are occurring in their business or industry that could create an opportunity for you?
What ‘high-level’ questions will you need to ask to uncover their needs, current problems or areas they would like to improve? For example
“What has prevented you from addressing the problem before and what has changed now?”Are there likely to be any objections or reasons that the prospect may not be interested in pursuing any further? If so, what can you say to overcome these objections and move it to the next stage?
“What would be the consequences of not dealing with the problem at this time?”
Having a list of pre-prepared questions written down in front of you keeps your appointments effective and efficient, for both parties. Many of you may think this makes you look unprofessional, however, in my opinion the opposite is true. It makes you stand out from the crowd and shows the prospect how serious you are and how important this appointment is to you.
Explain at the beginning of the appointment, the reasoning behind it; that you don’t want any pertinent information to be missed or forgotten.
Having these questions written down will also help to:
- Improve your listening skills. You give the prospect your undivided attention because you don’t have to worry what to ask next.
- Keeps the appointment flowing in the direction you want and keeps everyone on track. Particularly if the conversation or prospect goes off on a tangent.
- Obtain all the key information you need to move to the next step.
- Keep you focused and stop you from “selling” too early in the appointment
Interrupting stops the train of thought, stops them from sharing further information and stops you from getting a complete understanding of their needs and their priority of these needs.
When you have finished asking questions, go back and clarify anything that you need further information on to ensure your complete understanding. In addition, paraphrase the buyer's concerns to indicate your understanding, and clarify the problem that needs to be resolved. For example;
"So what you would like to do is improve the conversion rates of your sales team so all members are consistently meeting their budgets, is that correct?”
Once you have a complete understanding, you are ready to move to the next stage.
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
How can I increase the number of Referrals I receive?
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:
- 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?
- Discuss your client base, do you have the type of clients they are looking for and vice versa?
- 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.
- 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.
- 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.
- 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.
- 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.
- Ensure everyone has a pile of your business cards to hand out. It helps the client to remember who you are when you call.
- 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.
- 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.
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