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Mar 15

Swift and Simple Ways to Increase Sales photoEvery sales man must have a strategy and ways for increase your sales. If you a sales man, what will you do to make costumer purchase your products.

Allow us to capture a look at a swift and simple way to immediately increase your revenue from a first time customer.
It is called, upselling, and it is a very effective strategy of offering one or more added products at the point of sale that will enhance your clients main purchases.

You have already persuaded your clients to purchase from you. At this point, you have won their trust and respect. Thus it requires very small extra effort on your part! And by and large, after people have made the decision to buy, they are much receptive to other offers, if you catch them while they are in a buying mood! In fact, our testing shows that a enormous high percentage of people will purchase a second product!

However, in order for this approach to be effective, you must make sure that what you are linked to your main item. By all means, present some specialty coffee if you are selling a coffee pot, but do not try to sell coffee to someone who’s purchasing computer parts! As long as you present something that is directly linked to your main item, you can easily improve your revenue from that sale.

Make the most of the worth of your on hand customer base to skyrocket your revenue. Remember: Your first-time customers always cost you the most. Instead of spending all of your time, money, also energy drawing more first-time guests to your web site, devote more time to the relationships you have established with your current client base!

Your current client base is a gold mine. In fact, backend sales to your on hand clients can improve your revenue significantly. That is why it’s thus critical that you follow up with every person who purchases from you!

So how do you get in touch with your on hand client base?

One excellent follow-up approach is to use programmed sequential offers to pull buyers back to your site. E-mail your clients after the initial sale, thanking them for their purchase, asking them if they have any questions? Also offering a related product.

An alternative strategy is to use e-mail to dispatch new offers and special promotions. You can target your e-mail communications to clients based on their history with you. For example, you can send a special promotion to all your first-time customers. Or, you can send a thank you promotion to your long-term repeat customers. In each e-mail, include and present a product or service related to their initial purchase.

Not sure what you can offer as a backend item? Here are just a few ideas:

  • present a linked product they’re likely to be interested in
  • present added of the same product
  • present an upgrade to the initial product
  • offer a service that assists with the use of the product
  • present a service to apply the product for them
  • present information to improve the use of their product
  • present other people’s products for a commission

Make sure you time your offers for the greatest success. send out your follow-up offers 3, 7, also 10 days after the initial buy. These are the times when new clients are most likely to make a SECOND purchase. If you’re not following up with your clients, you are literally leaving a percentage of your proceeds on the table!

Generate massive proceeds by starting an affiliate program. How would you like to improve your search engine rankings and exponentially improve your proceeds? Well, if you start an affiliate program, you can do just that.

Developing an affiliate program is an incredibly powerful way to market your product or service online. It involves allowing other people to promote your products or services for you. And the best part is that you don’t have to pay them a penny unless they send you a sale!

It is not difficult to set up an affiliate program, and the benefits of doing it are enormous. Your affiliates can send you a great deal of traffic. Using banner ads, text links, also e-mail promotions, your affiliates can dispatch droves of folks to your web site. Your site can skyrocket to a top ranking in the search engines. Not only will you acquire a host of inbound links from your affiliates, your content will spread to the far reaches of the internet resulting in a drastic rise in your search engine rankings. You can reduce your advertising costs. Since you will have reams of highly motivated affiliates selling your products for you, you will not have to spend money driving traffic to your site. The key to getting the most out of your affiliate program is to attract the attention of very motivated affiliates by offering lots of incentive: generous commissions, also tools and resources that will help them to succeed.

Form strategic alliances with other businesses to ramp up your profits, expand your skill set, and present your clients high-quality products and services. Forming partnerships and also joint ventures with other businesses for a share of profits is a great way to ramp up your income in a major way. For one thing, when you combine your skills, products, services, and resources with another business, you create new streams of proceeds and profit and expand into new markets. You also bring added worth to your existing clients. The key to getting the most out of a strategic alliance is to seek out products or services that complement yours and will benefit your guests. Then approach the companies that provide those products or services. Ask them if you can recommend their products or services on your web site for a portion of the profits. Generally companies will gladly agree to this arrangement. After all, it is no risk for them if they have to pay you only when you refer a paying customer. It is a win-win situation that is going to generate a LOT of additional revenue!

So, get out there and start selling.

Mar 11

Cost Versus Worth photoIf you are faced with your costumer, what will you do for offer your products?? Sure you must have a strategy and use your brain.

“How much will this cost?”

Many sales people shudder when faced with this question. They stutter, stammer, and hem and haw. This is where the rubber hits the road and when the prospect will either give them the green light to move forward with the sale or say, “thanks but no thanks”. Far too often, sales people feel uncomfortable talking about the price of their offering fearing that their prospect will put the brakes on the buying decision if the price of their product or service is perceived as being too high. They unconsciously flinch—mentally or physically—when responding and this hesitation is quickly noticed by the buyer.

Over the years I have learned that the sooner price is discussed in a conversation, the more of a focal point it becomes. If you have not fully uncovered your prospects problem and determined exactly how your product or service can help them solve a particular business issue, then your price will always seem too high unless you are the lowest priced supplier in the marketplace. The key to responding to this question is to establish the value BEFORE you discuss price. Unfortunately, the vast majority of people who sell a product or service fail to achieve this which means that their efforts to move the sale forward often ends up in failure. The most fatal mistake is to state the cost to your prospect too early in the sales conversation.

Here are few strategies to use in future sales calls or meetings.

First, if your prospect asks this question before you are prepared to respond, you need to defer your answer. This sounds easy but in the real world it can be extremely challenging to actually execute. I remember talking to a prospect about coaching services and one of his first questions was, “How much do you charge?” While the price of coaching is relatively consistent from client to client, each person has different motives for utilizing this type of service. I knew that stating my fee too soon would likely cause my prospect to balk so I said, “It would be unfair for me to state a price without knowing more about your particular situation. Let me ask you a couple of questions and then we can discuss the investment.”

Your goal is take control of the sales conversation and you do that by asking high-value questions. The specific questions you need to ask will vary depending on the type of solution your company offers. It is essential to invest enough time learning about your prospect’s situation so you can effectively position your solution. This sounds fundamental; however, after working with sales people for the last fourteen years, I have discovered that most people do not ask enough high-value questions.

In order to establish the value or worth of your solution you need to learn how the problem they are facing affects the performance of the company. This can be expressed in terms of sales, profits, employee turnover, order accuracy, customer retention or satisfaction, time to market, market share, etc. Learn to ask tough, high-value questions that will help you understand the impact of the problem. Most sales people are uncomfortable asking deep, probing because they believe that their prospect will think that they are prying. However, personal experience has taught me that most key decision makers respect sales professionals who ask tough questions. Once a prospect expresses a problem, you can ask questions such as:

“How is that affecting…?”
“What impact is that having on customer loyalty, market share, etc.?”
“What is that costing you in terms of lost sales, profitability, etc.?”
“How important is this compared to other projects you have on your plate right now?”
“If we had an appropriate solution what would that mean to your company or you personally?”

After you have determined the importance and the impact of a particular problem, you can then demonstrate the worth or value of your product or service to your prospect. Not before.

Another challenge with this approach is that it takes time. You need to exercise patience. You need to be able to clearly demonstrate why your offering is worth the investment. If you discuss price too soon then everything you say afterwards will seem like you are trying to justify the cost. However, when you demonstrate how your product will benefit the company and or prospect, your price will appear as a fair and equitable investment.

Remember, there is a significant difference between cost and worth. Here is a simple comparison. A low-end, entry level car will get you from point A to point B. However many people will pay extra to do that drive in a luxury vehicle. Business-to-business selling is no different. Help your prospect see the value and worth of your product, service or solution and cost (or price) will become less of an issue.

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