Remove Margin Remove Sales Cycle Remove Training
article thumbnail

The Monumental Effort Required to Grow Sales in 2014

Understanding the Sales Force

What if your margin drops by 10%? What if your sales cycle extends by 2 months? You can''t possibly know whether or not your metrics for sales cycle, margin, closing percentage, retention, or average sale are going to change until you have completed enough sales cycles to collect the data for an appropriate sample size.

article thumbnail

Now That You Have a Sales Process, Never Mind

Understanding the Sales Force

Here''s the premise: Companies that have been rigorously enforcing sales process should stop doing so because it is resulting in longer sales cycles, decreased conversion rates, unreliable forecasts and depressed margins. So they say. Here are some of the many problems with their premise. Sound familiar? Surveys are fun.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

25 Sales Experts on the Importance of Coaching Salespeople

Understanding the Sales Force

You need to develop a culture of coaching and that begins with requiring it, and having an expert, like me, train and coach sales managers to do it effectively and get an instant revenue bump. Sales Managers don’t want to coach because it takes away from personal sales. It’s low hanging fruit.

Coaching 341
article thumbnail

How BMW Would Have Benefited from Social Selling

SBI Growth

Sales cycles that begin with an online referral are closing more rapidly. You can avoid commoditization and grow your margins. Sales reps are trained to spread messages quickly. The team needs to be trained on how to promote the Value Proposition socially. The fact is, they are out there engaging anyway.

article thumbnail

Using CPQ’s Pricing Features to Maximize Profit Margins Across Channels

Cincom Smart Selling

The contemporary competitive market poses a formidable challenge to maintain profitability across multiple sales channels. Resellers & Distributors: These partners expect wholesale pricing while maintaining their own margins, requiring careful balance to avoid price undercutting.

Margin 48
article thumbnail

The 3 Legs of Sales Success

The Pipeline

They discontinued offering the bottom end, their unit sales did not decline, and their revenue and margins increased. It is when we take our eyes off these fundamentals, that the level of effort, training, coach or other initiatives, will always be greater than the results. What’s in Your Pipeline? Tibor Shanto.

Scale 296
article thumbnail

THE Secret – Just One Secret To Getting Sales People To Sell More

Anthony Cole Training

Despite the obvious confusion of how many “secrets” there really are to any kind of success, today I bring you THE ONE secret to getting your sales people to sell more, more quickly at higher margins. I have come to this realization based on my last 4 sales. Guaranteed! Did you like today’s post?

Hiring 210