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You are here: Home > Business > Sales Management > 5 Good Reasons To Take The 'Price Negotiation' Burden From Your Sales Team |
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Casual Articles - 5 Good Reasons To Take The 'Price Negotiation' Burden From Your Sales Team
The Business Plan And The Presentation real selling; explaining the company’s proposition and waxing lyrical about your service, quality, availability, delivery frequency, superb sales team, extensive product range etc. Let’s face it, Acme probably doesn’t have them in stock anyway and if it does, it’ll be next Friday before it can deliver them.There is a temptation for many entrepreneurs to attempt to duplicate their Business Plan in a Slide Presentation. This may happen understandably, because of an enthusiasm and zeal to share a concept or an idea; there is also a chance to lose your audience. Both the Business Plan and Presentation may work together better if the Presentation is a highlight of the ma 4. Because the customer may not be set-up on the right deal. Sales people can be dilatory about reviewing customer terms – it’s admin and their job is Your Profitable Business: THE 7 Essentials for Setting Up A Successful Enterprise If you are working in a traditional repeat-business company, you probably have a field based sales team. If so, the team are probably calling on the same customers on a monthly (maybe more frequent) basis. Because your sales team is well trained and enthusiastic, as well as servicing their existing customer base, they will be trying to follow-up new leads and find new customers by networking with other sales people, searching directories and asking existing customers who their main competitors are.So you have decided to start your own business… Congratulations! You’re excited to be your own boss, bring in more income and have more time for your family or your own pursuits.Enthusiasm and excitement are definitely needed for launching any enterprise. But laying down a foundation from which to build a solid business is not only important: it’s crucial In a nutshell, they’re pretty busy! There is also a good chance that they have some latitude to negotiate prices; I don’t mean customer terms here, I mean the price of individual items. The customer asks, “how much are your widgets?” and your sales guy replies “?11.29”. The customer then says “Acme Widgets is doing them for ?10.99”, so your guy matches the price and walks away with the order. Well, that’s a result isn’t it? I don’t know, because, just like you, I don’t know the price at which Acme is selling widgets! Here’s why your sales team shouldn’t do it: 1. Because if the customer can buy from Acme at ?10.99 then, a) your price is too high; b) your product is better, c) your service is better, d) your availability is better. If it’s a), then your prices need reviewing generally and papering over the cracks with one customer won’t resolve the wider issue and not all customers will tell you, they’ll just buy elsewhere. If it’s b), c) or d) then you deserve a premium don’t you? 2. Because they don’t really know the Acme price, only the customer’s version of it and buyers always tell the truth don’t they? What’s needed here is some properly structured market research rather than one buyers opinion. 3. Because by freeing the sales team from the ability to negotiate price, they are able to get back to real selling; explaining the company’s proposition and waxing lyrical about your service, quality, availability, delivery frequency, superb sales team, extensive product range etc. Let’s face it, Acme probably doesn’t have them in stock anyway and if it does, it’ll be next Friday before it can deliver them. 4. Because the customer may not be set-up on the right deal. Sales people can be dilatory about reviewing customer terms – it’s admin and their job is s 12 Ways to Reduce Postage omers who their main competitors are.Postage is an expense that can erase your profits. Follow these guidelines to reduce your postage expense.1. Never send a letter that weighs less than 30 gms. Five size8-1/2x11 circulars can be mailed with a 1st class postage stamp. By using all 10 sides with a variety of offers you have a greater chance of receiving an order.2. When you advert In a nutshell, they’re pretty busy! There is also a good chance that they have some latitude to negotiate prices; I don’t mean customer terms here, I mean the price of individual items. The customer asks, “how much are your widgets?” and your sales guy replies “?11.29”. The customer then says “Acme Widgets is doing them for ?10.99”, so your guy matches the price and walks away with the order. Well, that’s a result isn’t it? I don’t know, because, just like you, I don’t know the price at which Acme is selling widgets! Here’s why your sales team shouldn’t do it: 1. Because if the customer can buy from Acme at ?10.99 then, a) your price is too high; b) your product is better, c) your service is better, d) your availability is better. If it’s a), then your prices need reviewing generally and papering over the cracks with one customer won’t resolve the wider issue and not all customers will tell you, they’ll just buy elsewhere. If it’s b), c) or d) then you deserve a premium don’t you? 2. Because they don’t really know the Acme price, only the customer’s version of it and buyers always tell the truth don’t they? What’s needed here is some properly structured market research rather than one buyers opinion. 3. Because by freeing the sales team from the ability to negotiate price, they are able to get back to real selling; explaining the company’s proposition and waxing lyrical about your service, quality, availability, delivery frequency, superb sales team, extensive product range etc. Let’s face it, Acme probably doesn’t have them in stock anyway and if it does, it’ll be next Friday before it can deliver them. 4. Because the customer may not be set-up on the right deal. Sales people can be dilatory about reviewing customer terms – it’s admin and their job is Selling Essentials result isn’t it? I don’t know, because, just like you, I don’t know the price at which Acme is selling widgets! Here’s why your sales team shouldn’t do it:The success of your business is inextricably linked to the success of your marketing. And one critical component of marketing is your sales process. It’s not something we often consider at great length, but well thought out practices and consistency can be the difference between moderate and significant profits.How do you know if you are making the most of y 1. Because if the customer can buy from Acme at ?10.99 then, a) your price is too high; b) your product is better, c) your service is better, d) your availability is better. If it’s a), then your prices need reviewing generally and papering over the cracks with one customer won’t resolve the wider issue and not all customers will tell you, they’ll just buy elsewhere. If it’s b), c) or d) then you deserve a premium don’t you? 2. Because they don’t really know the Acme price, only the customer’s version of it and buyers always tell the truth don’t they? What’s needed here is some properly structured market research rather than one buyers opinion. 3. Because by freeing the sales team from the ability to negotiate price, they are able to get back to real selling; explaining the company’s proposition and waxing lyrical about your service, quality, availability, delivery frequency, superb sales team, extensive product range etc. Let’s face it, Acme probably doesn’t have them in stock anyway and if it does, it’ll be next Friday before it can deliver them. 4. Because the customer may not be set-up on the right deal. Sales people can be dilatory about reviewing customer terms – it’s admin and their job is 10 Ways a Small Business Can Use Direct Mail Successfully ue and not all customers will tell you, they’ll just buy elsewhere. If it’s b), c) or d) then you deserve a premium don’t you?You must decide whether you can create the mailer yourself of if you have to hire someone. To be successful, direct mail must reach the right person, be read by that person, and persuade that person to buy something or to be interested in receiving additional information from your company. The following 10 ways will help your direct mail succeed:1. Id 2. Because they don’t really know the Acme price, only the customer’s version of it and buyers always tell the truth don’t they? What’s needed here is some properly structured market research rather than one buyers opinion. 3. Because by freeing the sales team from the ability to negotiate price, they are able to get back to real selling; explaining the company’s proposition and waxing lyrical about your service, quality, availability, delivery frequency, superb sales team, extensive product range etc. Let’s face it, Acme probably doesn’t have them in stock anyway and if it does, it’ll be next Friday before it can deliver them. 4. Because the customer may not be set-up on the right deal. Sales people can be dilatory about reviewing customer terms – it’s admin and their job is Programming on a New Platform - The Earth real selling; explaining the company’s proposition and waxing lyrical about your service, quality, availability, delivery frequency, superb sales team, extensive product range etc. Let’s face it, Acme probably doesn’t have them in stock anyway and if it does, it’ll be next Friday before it can deliver them.Since Google released Google Earth and, more importantly, its Google Map API, there is now a new platform -- the Earth -- on which for developers to write web applications. First, there are the "mashup" products on various web sites, such as those listed on MapBuilder.net.Now there are applications that take the Earth based programming to a new heights and 4. Because the customer may not be set-up on the right deal. Sales people can be dilatory about reviewing customer terms – it’s admin and their job is selling, right? If your widgets and Acme’s are the same and all other things are equal, is it time to review customer terms? 5. Because it wastes time and effort. Customers will soon understand that your prices are competitive and the sales team has no price control, so that challenge has gone away, leaving more time to discuss new ranges and extensions, this month’s specials and new product launches. The sales team won’t like it much to start with, but the good ones will soon see the benefits as will the company from the extra sales at higher margins that will result from it.
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