Sales Articles
85. Franchise Business-Something You should Consider In Your Choice
Franchise business-something you should consider in your choice so that you make a great business and get what you paid for
86. Real Estate Investors and What to Expect!
Real Estate Investors and What to Expect!
87. 8 Strategies to Guarantee Success in Cold Calling
No one will buy from you if they do not know of you, your company/products/services. Every sale has its own cycle. Depending on what you are selling, it could be a short cycle of a day or two, or it could be a long cycle of a year or two.
88. Shorten Sales Cycles By Capitalizing On Trigger Events
Jed (a hypothetical salesperson) keeps getting what sound like positive buying signals with his prospecting calls. Somehow, though, he's not getting very far. "People tell me to call back in two months, four months, six months, when they will be looking at this problem" he says, perplexed. "When I call back, I get people telling me how glad they are that I called ... but my close ratio is low, and my sales cycles are way too long. What's going on?" In response, I would give Jed the following advice. "Jed, when you cold call someone in an attempt to sell them something, you're interrupting that person's day. The dominant instinct is always going to be for that person to find any reason to get off the phone and get back to what they were doing before you interrupted them. "Your goal has to be to maintain your poise and get past that first fifteen to thirty seconds of the initial call ... which is always going to be a little bumpy. "BUT -- the reason you're riding out those first fifteen to thirty seconds is not so you can try to turn the person into a short term prospect on the spot! "Actually, you're trying to discover if this person has experienced a Trigger Event. If there has been such an event you want to find out what it was and when it happened. The Trigger Event could have taken place quite a while ago, it could have happened only recently, or it could still be on the horizon. "These Trigger Events typically fall into one of three categories: 1. Bad Experience: The buyer has a bad experience with a product/service, with people, or with a provider. For instance, there may have been a product/service change that creates dissatisfaction. 2. Change / Transition: The buyer has a change or transition in people, places, or priorities. For instance, there may have been a change in the buyer at an account. 3. Awareness: The buyer becomes aware of the need to change for legal, risk-avoidance, or economic reasons. For instance: The person may have a new understanding that buying from someone like you is less risky than continuing to buy the existing solution. "During the first minute of your call, use the opportunity to understand which of the following three buying modes the buyer is in: "Status Quo: The buyer is completely happy with what he or she currently has. There has not been a Trigger Event in the recent past, but there may be one on the horizon. You may think this person is a waste of time and may want to move on to the next person on your list. Actually, if this person has money, authority, and influence, this is a great long-term opportunity. A strategy for this type of call is to start the relationship building process. I would also suggest that you check back in on a monthly basis to see if a Trigger Event has recently happened. "Searching For Alternatives: This person is unhappy with what he or she has, has spoken to several suppliers, and probably already has a favorite. A Trigger Event took place a while ago, and they've already taken action on it. You may think that this is a short-term opportunity ... because the buyer is actively talking to a number of potential suppliers. This is in fact probably a medium term opportunity - because it is highly likely this buyer already has a first choice! Selling to buyers under these conditions typically results in a lower close ratio and a longer sales cycle - exactly the problem that you are experiencing. A strategy for this type of call is to position yourself as the buyer's number-two choice -- so you get called first if the buyer's current favorite falters. You should check back every other week to see where you stand. "Window of Dissatisfaction: A Trigger Event has recently taken place and this buyer knows that what they are currently using is no longer sufficient, but has not done anything about it yet. Because they tell you to call back in two months, four months, or six months you make a note to do that and move on to the next person on your list. Wrong answer! This is actually a short term opportunity, because the buyer is not talking to your competition -- yet. When you call back a few months later, even if you call a few weeks early thinking it will give you and edge, it's very likely they will already be talking to your competition. The strategy for this type of call is to identify the business opportunity and pursue it immediately -- with as much happening on this initial call as possible and future contact taking place in the very near future. You must find a way to push a little bit and learn more about the Trigger Event, then try to set a near-term course of action. "As it stands, Jed, you are focusing on those people who are already talking to your competition and missing the biggest opportunities: those buyers in the Window of Dissatisfaction, who recently experienced a Trigger Event and have not started talking to your competition. That's why your numbers are as bad as they are; that's also why your sales cycles are so long. "Jed, you need to do a better job of "staying on your feet" for the first thirty seconds or so of the call -- long enough to ask a couple of questions that will help you learn whether the person has: - Not experienced a Trigger Event in a long time - Experienced a Trigger Event a while ago and already doing something about it - Recently experienced a Trigger Event and has done nothing about it -- yet. "Once you learn if, and when, a buyer has experienced a Trigger Event you can apply the appropriate strategy. When you do that, and focus first on those people in the Window of Dissatisfaction, who recently experienced a Trigger Event and have done nothing about it yet, you will have a much higher close ratio ... and you'll have much shorter sales cycles!"
89. Improve Your Life With Conversational Hypnosis
Commonly used language, voice tone and specific word choice can be used in conversational hypnosis to induce a trance. Conversational hypnotists possess the amazing ability to play puppet master to those around them by simply having a conversation with those they wish to control. Advertisers, salesmen, motivational speakers, along with anyone interested in controlling both the actions and emotions of the people around them use the power of conversational hypnosis as their secret tool.
90. Sales Lessons Your Sales Team Should Learn from President Bill Clinton
No matter how much a person hates President Bill Clinton, no one can deny his incredible resilience and relentless push for success. In fact, I have a lot of admiration for Bill as an incorrigible salesman.
91. Secrets Revealed: How To Sell Ice To Eskimos
"That person is so good at sales, they could sell ice to Eskimos." It's a common saying that's used when describing a particularly "good" sales person. However, the foundation of this statement rests on the notion that a "good" sales person can sell anything, to anybody. And furthermore, would actually do it if they got the chance. But to me, this "compliment" has never been all that positive - and it's something that I've never pursued. And here's why: To me - the notion of selling ice to Eskimos is manipulative. It means that - on some level - I've tricked or coerced my customer into buying what I want them to buy. And, if I were to do that, I can only guess that within a short period of time of closing the sale, that my new Eskimo friend would walk outside and realize they had been "had". In which case one of two things happen: 1) they cancel the sale, and/or 2) they tell all their friends about my shady business tactics and make it tougher for me (if not downright impossible) to sell ice in that neighborhood. But my main question in this scenario is this: Why would I even want to sell ice to Eskimos? My personal thought on the "selling ice to Eskimos" theory has always been this: While I might be able to make one sale of ice to one Eskimo, I'd much rather position myself as the best resource for heaters to the whole Eskimo community. When I turn the statement on its head like that, a few things happen. First off - which is going to be the easier sell? The ice? or the heater? The heater, obviously! Secondly, by selling our Eskimo friends a heater, are you helping them? Or trying to rip them off? Well, assuming our friends live in the arctic, I'm guessing that a heater would be extremely helpful. It would be satisfying a basic need for them. And I don't know about you, but helping people makes me feel good! So that's a win-win situation there. Thirdly, assuming we are able to sell our Eskimo friends a good heater that solves their heating needs, what do you think the odds are that they will recommend us to their other friends? That's right: huge! After all, their friends are probably enduring the same heating challenges as they were prior to buying the heater. Fourthly - I want you to read that paragraph again. Notice that I said I wanted to "position myself as the best resource for heaters to the whole Eskimo community" Do you see what I've done there? I've completely changed the focus. In the first case, the "sales person" was focused solely on themselves. They had ice to sell and they didn't care who bought it, so long as they sold it. In the second case, I've positioned myself as a heating expert that's focused on helping my friends in the Eskimo community. And let me ask you this: Who will have an easier time selling their products and services? Ultimately, who will be more successful? It's plain to see that the "heating expert" will have an easier job by far. But there are other things at work here too. For instance, I positioned my self as a heating expert. Why? Because when people want to know about something - they seek out the expert! And I referred to the community as a whole, as my friends. Why? Because I obviously took the time and trouble to get to know them. To get to know their individual situations, and to discover how I could best help them out. And let's face it - it's easy to help your friends, right? So you see, it's not about manipulation. And it's not about being able to sell something despite someone's needs that counts. Rather, it's about being yourself. It's about helping people, listening to their situations, and their needs, and helping them solve their issues. And when you approach a business discussion from the perspective of helping someone out, the results will always be positive.
92. International Trade and its Barriers
This article defines international trade and illustrates the different kinds of trade barriers that are generally encountered. It also discusses the various advantages enjoyed by countries through implementation of these barriers on international trade.
93. Tricks To Sell Your Product
Are you in need of tricks to sell your products? Do you know how to sell your products? Do you want ideas to lure your customers into buying your products? Please read on.
94. Sell Your Property Without An Agent
Sell Your Property Without An Agent.
95. Wholesalers in a Nutshell - Will they Deal with You?
This article throws light on the issue of dealing successfully with wholesalers and the various types of wholesalers that exist in the industry.
96. How to Detect Fraudulent Wholesalers and Companies?
This article throws light on the ever worrying issue of dealing with legitimate wholesalers and explains how various important checks can be used to detect and avoid fraudulent wholesalers and companies.
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