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The Slippery Slope of Discounting. If you as a salesperson — or worse, if you as a sales manager — do not believe in the price of what you sell, then that is a bigger problem than whether you have a tendency to offer a discount. But quantity will never make up for the profits you did lose by selling at a discount.
Objective here is you see this list of names that you know you will be able to turn into customers with your sellingskills. Confidence is a powerful sales tool, especially when used to help avoid giving a customer a lower price when it’s not necessary.
Sorry, social media is just one tool. discounting. high profit selling. selling a price increase. sellingskills. discounting. high profit selling. selling a price increase. sellingskills. Also, don’t think this alone is going to drive your business. cold calling.
So it’s not surprising that each time I talk with my friends on the sales training front, they tell me that the path to increasing sales is to improve sellingskills. Of course, my retort is that you won’t increase sales if you don’t have the right tools to compete more efficiently and effectively.
From a personal standpoint, I once lost a position running a corporate university because, in part, some of the C-level team felt it was too focused on “soft skills” See if any of these sound familiar for you or someone on the sales team: Discounting and getting price shopped – lack of self-regard or assertiveness.
Since you can’t see them, you don’t have the advantage of using body language as a tool to help you negotiate. discounting. high profit selling. selling a price increase. sellingskills. discounting. high profit selling. selling a price increase. sellingskills.
I’ve been using these tools for years and I generate a tremendous amount of new business from them. Knowledge is indeed power, and the most successful salespeople are consistently expanding their knowledge and using what they learn to refine their selling strategies. discounting. high profit selling. sellingskills.
Time is the greatest negotiating tool you have. discounting. high profit selling. selling a price increase. sellingskills. discounting. high profit selling. selling a price increase. sellingskills. The more you can know about the customer’s timeline, the better.
Keeping a journal of your successes can give you a great tool to refer back to anytime you need a lift. discounting. high profit selling. selling a price increase. sellingskills. discounting. high profit selling. selling a price increase. sellingskills. cold calling.
Here are a few things to keep in mind regarding using LinkedIn as a tool to reach senior level people: Senior level people will follow you long before they will let you know they’ve been following you. discounting. high profit selling. selling a price increase. sellingskills. discounting.
Cold-calling with the telephone works when it’s combined with tools including email, regular mail, business media (aka: social media) and other tools. discounting. high profit selling. selling a price increase. sellingskills. discounting. high profit selling. sellingskills.
For other people in sales, the book is good and will serve as an excellent resource tool to help reinforce in your mind what it takes to be a top performer. discounting. high profit selling. selling a price increase. sellingskills. discounting. high profit selling. selling a price increase.
Sure, I won’t discount the value of good lead sources, but what I will say is I’ve watched far too many salespeople botch good leads — and great salespeople turn what appear to be poor leads into great customers. Many salespeople have the belief they can somehow do all of their prospecting with email. Sorry, no way.
Using senior level people early in the year as a tool to open up new opportunities will result in big payouts later in the year. discounting. high profit selling. selling a price increase. sellingskills. discounting. high profit selling. selling a price increase. sellingskills.
It’s time we kill social media, especially if you’re using social media as a sales tool or prospecting technique. In my own business, I’ve been using these tools for years and I generate a tremendous amount of new business from them. What about Plaxo and dozens of other second-tier networking tools — same thing.
A far more effective response is to create a sales and marketing system that provides an interconnected, measurable set of processes and tools that ultimately result in increased sales. Focus on the highest potential market segments, and develop segment-specific processes and tools to help you reach the market in the most cost-effective way.
It’s time we kill social media, especially if you’re using social media as a sales tool or prospecting technique. In my own business, I’ve been using these tools for years and I generate a tremendous amount of new business from them. What about Plaxo and dozens of other second-tier networking tools — same thing.
Assessment tools can assist here to identify successful sales characteristics. Assessment tools can also be beneficial here to offer a comprehensive “second opinion” that can help managers make informed decisions. discounting. high profit selling. selling a price increase. sellingskills.
In his new book The Best Damn Management Book Ever: 9 Keys to Creating Self-Motivated High Achievers , Warren Greshes presents the notion that people cannot be motivated, that motivation only comes from within and savvy managers give their workers the tools, ideas and techniques to motivate themselves. discounting. sellingskills.
I use Linkedin a lot as a tool to generate business, but also to get feedback and input on ideas and topics I’m working on. discounting. high profit selling. selling a price increase. sellingskills. discounting. high profit selling. selling a price increase. sellingskills.
My view of phone sales scripts is they’re an essential tool if you expect to be successful in selling over the telephone. Phone Sales Tip: Selling to the C-Suite and Holiday Networking. discounting. high profit selling. selling a price increase. sellingskills. discounting.
Take a look at the articles and use them as a tool to help you prepare your strategy. Related posts: Selling a Price Increase: Have You Sold Yourself? Selling a Price Increase: Is There a Good Time? Selling a Price Increase: Tips To Start Using Now. Selling a Price Increase. discounting. high profit selling.
Methodology: A system of strategies, principles, rules, guidelines, tools, learning approaches, language, and evaluation methods for selling. Sales Training Tip #353: If You Could Sell One Thing… Sales Training Tip #359: Ideas Mean Nothing…Until… Tags: buyer. discounting. high profit selling.
During COVID, 82% of respondents have used concessions such as price discounting as an approach to salvage a deal that might not have closed. Because there are a lot of new challenges to overcome, sellers will need to develop keener virtual sellingskills, overseen and coached by their managers. Learn more here.
Some also admitted they didn’t have the skills, data, or tools to coach effectively. And we aren’t just talking about sellingskills. Based on your unique sales process and KPIs, you might select capabilities data, such as proficiency scores related to a particular skill or product set. Why is that?
Key Takeaways Follow the Vengreso Blog for practical sales tips on enhancing sales strategies and driving revenue growth, with a focus on account-based marketing as well as sales productivity and tools. The blog offers practical sales tips for utilizing LinkedIn Sales Navigator and other tools to enhance sales processes.
The number one issue is not the lack of leads, social sellingskills or product knowledge, but an inability for sales reps to effectively articulate and quantify your value, this according to research from SiriusDecisions. Why are your sales reps not making quota?
The key, providing the content, tools and training to help your sales reps and channel partners better assess and align with needs, prove the high cost of “do nothing”, and communicate and quantify your unique and superior business value.
A Demand-Gen Report interview with Thomas Pisello, The ROI Guy, Chairman & Founder of diagnostic / ROI sales tool provider Alinean Inc. In order to “fight” Frugalnomics and maintain sales effectiveness, sales needs to be armed with a new value-oriented, consultative methodology, training and tools.
Once your salespeople are out in the field trying to sell your offering, should they have pricing authority (aka the ability to freely give discounts)? Heavy discounting degrades the value of your offering, your salesperson, and your organization. Discounts set up a precedence. But should that price be set in stone?
A common misconception in sales is that top-performing salespeople are born with inherent sellingskills, the so-called “gift of gab.” Myth #4: Discounts Win Clients When salespeople rely on discounts, they often turn a big deal next month into a small one this month.
For sellers, it’s their core sellingskills. Don’t discount any idea, no matter how new to you. Your experience is a great tool for overcoming a sales slump. Here are eight ways to break a sales slump: Focus on the Fundamentals. In all professions, the best master their fundamentals. Learn From Experience.
In the world of sales; SellingSkills can make the difference between a Rainmaker and a Bank breaker for most businesses. Analysing and testing these skills in sales people is difficult, as often they can appear pitch perfect in the office but never quite seem to get matching results in the field. 2) Closing New Business.
We’ll delve into the difference between upselling and cross-selling, discuss their impact on customer lifetime value and explore effective methods for successful upsells such as offering discounts and deals. To unlock the secrets of upselling, you need the right tools. But how do you effectively implement this strategy?
Tactical apologizing is strategically using apologetic language as a persuasive tool. . But that discount simply isn’t doable.”. We found there’s ONE set of unique circumstances where apologizing is actually encouraged: Tactical apologizing. Note the subtle, yet critical, distinction here. .
The facts are that: Customers will significantly delay decisions and won’t get to “Yes” unless you help them understand and quantify your differentiating value Sales will struggle in communicating and quantifying your unique value without your providing provocative value messaging, tools and consulting support.
At Janek, we call these Critical SellingSkills. Besides developing their interpersonal skills, new sales reps need to sharpen their technical skills. Understanding how different tools and technologies can impact sales is key to achieving results fast. Sales leaders will provide a quota.
Average sales skills encourage reps to think, “This is good enough,” and discount the need for improvement. Another hidden cost of average sales skills is customer dissatisfaction. Sales tactics are the minimum level of sales skill development and discount the customer’s view of the entire sale process.
It usually looks something like this: The use of this comparison tool leads to a fierce competitive “bakeoff,” and triggers what I call the “spec war.”. You offer a 10% discount. So, in an effort to “make an intelligent business decision,” they create the dreaded comparison spreadsheet. They grind you both down on price.
Tactical apologizing is strategically using apologetic language as a persuasive tool. . But that discount simply isn’t doable.”. We found there’s ONE set of unique circumstances where apologizing is actually encouraged: Tactical apologizing. Note the subtle, yet critical, distinction here. .
The Urgency Close This technique works best where there is a genuine offer or some time limited event such as end of quarter discounting. It is a powerful psychological tool that can influence your prospects’ decisions and help you close more sales. Creating a sense of urgency can motivate buyers to take immediate action.
Solution: Sales managers can streamline administrative tasks through automation tools. You might offer a special deal that’s only available right now, like a discount or an extra feature, encouraging the client to decide quickly. Leverage Technology and AI Use data analytics to identify skills gaps and training needs.
We can uncover the Value Proposition using a simple GAP analysis tool which we teach in Consultative SellingSkills. It is possible to sell with a weak Value Proposition, however this usually creates pressure on pricing, which can often be identified by discounting to win new business.
Furthermore if we are not fully prepared when we get into the boardroom we might not get invited back, or even worse we could concede in the sales negotiations and end up agreeing to something long term that isn’t in our best interests, such as deeper discounts, or increased terms to name but a few. . Free SellingSkills Questionnaire.
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