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Wednesday, 19 June 2013

Selling in Tough Times – 5 Effective Tips

Achieving my sales budget was effortless when things were good, and this led me to think that I could sell. However, when times got tough, I discovered to my surprise that just because I made sales, it didnt mean that I could sell. I loved being in sales and wouldnt consider any other occupation, but quite simply, my family wouldnt eat if I didnt earn. And to earn, I had to make my budget. It was time to learn how to sell consistently despite the market, despite the economy.
As a Sales Manager, and later as an Executive Coach for Sales Managers, I have seen this scenario over and over again. Every time the economy falters, so do large numbers of sales people. So, what can we do when the economy is in downturn? Here are five tips to keep sales people on track to make budget.
Ultimately, your sales presentations needs to answer three questions,
  • Why this product?
  • Why your company?
  • Why now?
You have to learn to create the desire for your product or service so the client wants it. Once they want it, you dont have to sell it to them, you just have to finalise the details. But this takes skill, knowledge and a willingness to learn how to do it better.
1) Learn how to ask the right questions
The right questions are powerful tools in selling. Untrained people start selling too soon in the process. They dive in and start selling before they know enough about the client and the clients problems. Before you can sell, you need to know enough information so you know what to sell and how to sell it. You could talk about the wrong benefits and not get much interest. Use the right benefit and you get a sale. It only takes one strong benefit to make a sale. But it must be the right benefit for that specific client.
“Mr Client, before I tell you about my product, can I ask you a few questions about your business? I dont want to waste your time by talking about some of the great things about our product if it doesnt apply to you.”
The information you get will tell you how to answer the question – why this product for me?
2) Learn how to sell your product or service
Very few sales people are formally trained to actually sell the benefits of their product. They expect it to speak for itself; they believe in it so much they assume the client knows more than they do; they think that they are talking too much; they are reluctant to feel pushy.
Once you have got the right information, it is now your job as a pro-active sales person to “sell” this product to this client matching the benefits to the clients problems. This is the only time you talk and you talk eloquently and in a planned manner which you have practised.
“Mr Client, I know you are a very busy person and anything which slows you down, slows down your business. Thats why this software is going to be so useful to you. Being able to have multiple programs open at once (feature/fact), its not only going to help you get through your workload faster, its going to help make you and your business more efficient (strong benefit for this client). Would that be important to you?”
Also, notice the question, which results in the answer “Yes!” Ask lots of yes questions.

Selling in Tough Times – 5 Effective Tips

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