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Casual Articles - 5 Ways to Beef Up Sales - Immediately
Earning the Right To Sell With Stats - 10 Steps to Greatness that while the pipeline may be full, the deals are taking too long to close. Perhaps that's why the pipe is so full! What are the reasons for this? Companies have money, and in many cases they have needs. But many people are so scared THEIR customers aren't going to buy THEIR wares, they are loath to spend any money themselves. The result? They are only willing to spend money when tWe could learn a thing or two from pro sports.Baseball players use stats to tell the story of their season and their career. Scorekeepers keep track of every at bat, every hit, every strike out, every run scored and every base stolen.Those stats are cited by commentators during the game, sports reporters after the game and they are featured on the backs of baseball cards to they tell the story of the player's career.Those of us in business could learn a thing or two from baseball players about using stats to size-up our careers and experience.Give your prospects a reason to listen to what you have to say.I was attending a conference last month and the topic of using business stats to "earn the right" among prospects was brought up. "Earning the right" was explained as giving your audience a reason to l A Review of Jeff Paul Last week, one of my clients—we'll call him Rick—had a demo scheduled with a prospect. The standard "show up and throw up" they typically did early in the sales cycle.When Jeff Paul spoke with us he said that he is currently living in Chicago and he likes it.He went to University and studied Anthropology, a subject he says serves him well now. However he ended up working as a Financial Adviser and Accountant. Something that was not very exciting.(sorry to all you number crunches)Even though Jeff did not fully enjoy his time as a Financial Adviser it is clear that it was a turning point for the career he has today.Jeff and his business partners strongly believed they were the best Financial Ad visors in the Chicago area but they had a really big problem - not enough clients.Have you ever thought you have the best product or service, you just need people to see it and you will make your millions?Well these guys did.See they were going bankrupt. And as Trying to shorten the sales cycle, I asked naively, "Why does the customer want to buy? What are they trying to accomplish?" Rick couldn't tell me. I asked if he thought the salespeople knew. He said no. I gave him an assignment: he had to find out "Why," "Why now," and "What's it worth." Otherwise no demo. In other words, no compelling reason to buy...No demo. So Rick took a risk, and is rapidly moving to a fully-paid trial implementation. Sure, long-term objectives and plans still matter, but I've been getting more and more inquiries focused on "what to do now." Entrepreneurs and executives alike are demanding help on how to improve revenues and profits right away. How do you make the quickest difference? Focus the bulk of your energy on revenue generation. In other words, sales! And don't do it the same old way either, because -- as you may have noticed -- it isn't working that well. Here are five ways for your sales force to bring in more business in short order. There are no magic bullets, but just last week I taught one of these techniques to a client (#2) and he used it to close a deal the following day! Use one or use them all. Each technique will have its own effect, and each will multiply the power of the others. 1. Sell return on investment, and sell it to the CFO. Sales people are complaining that while the pipeline may be full, the deals are taking too long to close. Perhaps that's why the pipe is so full! What are the reasons for this? Companies have money, and in many cases they have needs. But many people are so scared THEIR customers aren't going to buy THEIR wares, they are loath to spend any money themselves. The result? They are only willing to spend money when th Retail Business Accounting Software him an assignment: he had to find out "Why," "Why now," and "What's it worth." Otherwise no demo.Imagine your favorite little retail shop. Think of how many people come in and out of that business establishment in an hour. Now think of the number of people that look at the shop's products. Take into consideration the variety of products they buy, as well as the amounts they buy.If you think about it, such numbers could reach hundreds, or maybe even thousands, during busy days. And the figures could double or triple easily if you take into account every single purchase made at the store.To assist the owners and accountants of such retail businesses, computer techies and number wizards have come up with a great idea: retail business accounting software.What is retail business accounting software? This kind of business accounting software has been specifically designed to make the numbers game much easier for busi In other words, no compelling reason to buy...No demo. So Rick took a risk, and is rapidly moving to a fully-paid trial implementation. Sure, long-term objectives and plans still matter, but I've been getting more and more inquiries focused on "what to do now." Entrepreneurs and executives alike are demanding help on how to improve revenues and profits right away. How do you make the quickest difference? Focus the bulk of your energy on revenue generation. In other words, sales! And don't do it the same old way either, because -- as you may have noticed -- it isn't working that well. Here are five ways for your sales force to bring in more business in short order. There are no magic bullets, but just last week I taught one of these techniques to a client (#2) and he used it to close a deal the following day! Use one or use them all. Each technique will have its own effect, and each will multiply the power of the others. 1. Sell return on investment, and sell it to the CFO. Sales people are complaining that while the pipeline may be full, the deals are taking too long to close. Perhaps that's why the pipe is so full! What are the reasons for this? Companies have money, and in many cases they have needs. But many people are so scared THEIR customers aren't going to buy THEIR wares, they are loath to spend any money themselves. The result? They are only willing to spend money when t Evolution of Corporate Culture: How Important is it in Today's World? neurs and executives alike are demanding help on how to improve revenues and profits right away.There are many different and competing definitions of “corporate culture” in the organizational theory literature. On one end of the spectrum culture is simply defined as the patterns of behavior within the organization (Smircich, 1983). On the other end, some theorists have defined organizational culture as a system of shared cognitions and the human mind generates the culture by means of a finite number of rules (Fiol, 1991). Although all the theorists believe in the importance of the culture in the organizational studies but still there is a lack of consensus over its precise definition (Papers4you.com, 2006). Theorists have accepted this fact and approached the concept of culture from the most widely used definition of culture, as defined by Lismen et al (2004) “a complex set of values, beliefs, assumptions, and symbols that define How do you make the quickest difference? Focus the bulk of your energy on revenue generation. In other words, sales! And don't do it the same old way either, because -- as you may have noticed -- it isn't working that well. Here are five ways for your sales force to bring in more business in short order. There are no magic bullets, but just last week I taught one of these techniques to a client (#2) and he used it to close a deal the following day! Use one or use them all. Each technique will have its own effect, and each will multiply the power of the others. 1. Sell return on investment, and sell it to the CFO. Sales people are complaining that while the pipeline may be full, the deals are taking too long to close. Perhaps that's why the pipe is so full! What are the reasons for this? Companies have money, and in many cases they have needs. But many people are so scared THEIR customers aren't going to buy THEIR wares, they are loath to spend any money themselves. The result? They are only willing to spend money when t Does Your Management Style Need An Overhaul? more business in short order. There are no magic bullets, but just last week I taught one of these techniques to a client (#2) and he used it to close a deal the following day! Use one or use them all. Each technique will have its own effect, and each will multiply the power of the others.During a period of uncertain economic times, mergers, acquisitions, re-structuring, increased influence of technology, increased foreign competition or any number of other market and consumer shifts, attitudes, trends and expectations, it is vital that management be aware of the impact of their management style on the performance and productivity of their employees.This doesn’t meant that you should:- tighten the strings on employees - increase the number of meetings - cut budgets arbitrarily - abandon ship in the middle of a project, program or activity - hire more people - let people go -…there’s more, but I want to get to the point.What is the perception of the majority of your employees of your dominant management style? Do they see you as:- out of touch with reality? - 1. Sell return on investment, and sell it to the CFO. Sales people are complaining that while the pipeline may be full, the deals are taking too long to close. Perhaps that's why the pipe is so full! What are the reasons for this? Companies have money, and in many cases they have needs. But many people are so scared THEIR customers aren't going to buy THEIR wares, they are loath to spend any money themselves. The result? They are only willing to spend money when t Business Owners - Are You Thriving or Simply Surviving? that while the pipeline may be full, the deals are taking too long to close. Perhaps that's why the pipe is so full! What are the reasons for this? Companies have money, and in many cases they have needs. But many people are so scared THEIR customers aren't going to buy THEIR wares, they are loath to spend any money themselves. The result? They are only willing to spend money when they absolutely see near-term financial payback, and the CFO is killing many deals."It takes courage to grow up and turn out to be who you really are." — e.e. cummingsThe dictionary says that to survive is to remain alive or in existence, to carry on despite hardships, or to persevere. In contrast, the definition of the word thrive is to prosper, to grow vigorously, and to flourish.Which one of these words best describes your current business condition? Are you surviving, or thriving?An impressive track record, quality products and services, and years of experience do not always add up to a prospering business with a thriving team. Demanding clients, stiff competition, intense pricing models and many other factors can create tremendous pressure for business owners (and their teams) to keep working harder just to survive. When combined with challenging market factors, most professionals and busine The solution? Sell the return on investment. Sell the payback. And sell it to the CFO. Arm your salespeople with two things: A series of case studies that document the returns from using your product, and a well-defined ROI process worksheet. Work with the CFO to build the ROI case so that he or she owns it. This is the only way they come to believe it. Make it their idea and instead of killing your deal, they will help you close it. 2. Forget USP. Determine your Usage Cases Instead of focusing on why your product is the latest and greatest, clarify the ways in which potential customers will use your product to solve specific problems and produce tangible results. Then, instead of touting the "benefits" of your product--which often fall on deaf ears, anyway--engage your prospects in conversations about what costly and quantifiable problems they now have, and how they might use your product or service to alleviate those. And, as sales guru Mike Bosworth says, don't tell them your offering IS the solution. You're a sales "guy" and they won't believe you. Instead, ask them if your possible solution might help them. If they believe it does, they have accepted your solution as truth. Then get them to tell you, in real dollar terms, what fixing that problem is worth. 3. Increase Sales Training. Use the 10% solution. But don't expect any one salesperson--even your superstars--to be 100% at every part of your
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