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Differentiation for a Small Brand is Essential-Consider Organic Tea

Published: Sep 30th, 2009 | Author: morgan Add Comment

Recently my marketing consulting firm was approached by the owners of a young organic tea company seeking guidance in piercing the retail product distribution channel. The entrepreneur’s behind the venture were hard working, passionate and fully committed; both personally and financially. They had an excellent product. They also had no sales traction.

After considerable consultation, and many questions about the history of the product and the owner’s backgrounds, the reason for their futile sales performance became crystal clear: They had not identified a Unique Selling Proposition to differentiate their teas from the numerous, established large, medium and small competitors that offer endless product choices in the category. This is usually the problem with any new product offering in an already mature consumer product universe.

What can the new startup do to counteract the existing advantages enjoyed by older, established competitors? The following are but a few options to consider when seeking a differentiation strategy to support a Unique Selling Proposition:

Create a Proprietary Process

Create a handling process that is positioned as proprietary, unique to the product. Another alternative is an enhancement that purportedly improves product performance. In cosmetics we often work with laboratories to craft a bio-engineering process or ingredient stability that we tag with an esoteric descriptive moniker.

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How Predictive Dialing Increases Sales

Published: Sep 30th, 2009 | Author: morgan Add Comment

Predictive dialing has been used as a sales generating tool to bring in new business. Sales agents using predictive system have also realized the ease of using a system like this and how well it streamlines their workflow. Of course, you can still call leads by dialing a phone number and taking down notes. However, with this technology, you are able to quickly go through leads, select a disposition, and go on to the next phone number. Dispositions can each be unique, depending on the campaign. Some dispositions include Busy, No Answer, Left Message, Call Back, etc. They can also be reused in your calling queue if you need to contact that person again. For the person that takes well detailed notes, this proves useful because you can type in comments, questions, and other important information about the call.

For any team looking to increase sales, a predictive dialer is a good source to achieve your goals. This software has no limit as to the number of sales agents that can log in at once and, if permitted, they can sign on their dialing accounts from an office or home setup. This tool has been used by many sales teams to improve their numbers and flood their pipeline with leads. (more…)

Secrets to Master Objection Handling and Make More Sales

Published: Sep 29th, 2009 | Author: morgan Add Comment

Do you fear the objection handling phase of the selling process? What do you say when someone raises a common objection such as, “I don’t have the money,” “I need to think about it,” or “I don’t have the time.”?
One of the biggest challenges I see sales professionals and network marketers face is what to do when they hear these common but dreaded sales objections.

We know that at the end of a sales presentation the prospect is going to say one of four possible things:

1. “I am ready to sign up.”
2. “I have some questions.”
3. “I am not interested.”
4. “I don’t have time”, or “I need to think about it”, or “I don’t have the money.”

Prediction is a form of power. Because we know what they are going to say, the key is to prepare a powerful, persuasive response that will overcome their objection and move them to buy.

Persuasion is about leading and moving people to take action. If you analyze great network marketing leaders, you will find that they are great at moving others to take action.

At the end of your presentation you are going to ask your prospect to take action and that is when the objection handling phase typically begins. They may say “I don’t have the money”, “I need to think about it”, or “I don’t have the time.”

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Once You Get the Order There is No Next Thing to Do But Leave as Quickly as Possible

Published: Sep 28th, 2009 | Author: morgan Add Comment

Once you get the order there is no next thing to do, there is only one thing to do and that is to leave as quickly and unceremoniously as possible. There is nothing more to gain and a lot more to lose if you linger.

The longest distance in any office is from the point where you get an order to the door. You have achieved what you wanted to so leave before a multitude of mishaps can occur. If you have been selling for any period of time this will serve as a reminder. If you are just beginning in sales, this should serve as good advice..

If you sell long enough you will experience the myriad of things that can happen from the time you secure an order until the time you walk out the door. (more…)

How to Audit Your Sales Force

Published: Sep 25th, 2009 | Author: morgan 3 Comments

The sales force audit is a procedure for diagnosing a sales organization. It shows management the weak points and areas for development to improve business performance. A good sales management training course covers the keys aspects of how to conduct an audit. A sales force audit has three main aims. The first aim of a sales force audit is to discover existing problems in the sales organization. The second aim is to examine the relationships between the sales force and other areas in the process. The third aim is to recognize the factors influencing the success of the sales force.

The Sales Manager can conduct the audit themselves, or if time and know how are limited then an outside consultancy can be used. it can often be preferable to commission a critical, impartial and knowledgeable third party to carry out the audit.

The following is a summary of the most important areas to be examined in a sales force audit.

The first set of factors to be audited should be the external influences on the sales force organization. These would include factors external to the operation such as economic, demographic, political and legal developments; technological trends; competitors (strengths, weaknesses, business policy); markets (chance, risks); customers (the buying decision process, service expectations).

Also included in this first phase of the audit would be factors within the operation, such as organization (company targets, organization structure); relationship between sales and marketing management, relationship with other parts of the undertaking.

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Top 10 Ways to Make Money With Direct Mail – Don't Laugh, it STILL Works!

Published: Sep 24th, 2009 | Author: morgan Add Comment

Some of you will laugh at the very thought of direct mail, but I can assure you, it’s a great source of connecting with prospects and existing customers alike. Particularly in our overly-junked-up-email world where people tend to pillage their in boxes and delete anything that doesn’t require a personal response. People respond completely differently to direct mail that arrives on their doorstep than they do many other forms of media.

Direct mail can be as basic as a postcard or a letter on letterhead, or as complex as a full “shock and awe” box that has lots of stuff in it that gets your prospect really engaged like CDs, DVDs, MP3 players, books, magazines and just about anything you can fit in the box as we learned when we put a straight razor (sans blade), a shaving brush and more in our boxes that we mail out.

I sent out about 18,000 direct mail pieces last month, and I re-learned a few lessons, just like I always do. Maybe I can save you a few dollars, and a few lessons by sharing some of the most important things I’ve learned over the years about direct mail. And most importantly, if you’re not doing any direct mail, now is the time to start! Almost everyone else has backed off of it due to cost, and now you can swoop into people’s mailboxes and take new customers!

Below is a list of 10 very important things you should pay attention to when sending out direct mail:

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How a Marketing System Could Be the Difference Between a Successful Business Or a Business Failure

Published: Sep 23rd, 2009 | Author: morgan Add Comment

In a perfect world every part of your business would work flawlessly. You’d sell more product, schedule more services, make more money. Sounds great doesn’t it? The truth is that in real life, nothing ever works flawlessly. If you’re not selling products, or services you’re not making money. If your service is poor and you get a bad reputation, you’re not making money. If your product is breaking all of the time and word gets out, you’re not making money. This sounds more like real life doesn’t it? The truth is there are so many negative things that can affect your business that it’s amazing any company can make a profit in this day and age.

Does Microsoft spend hundreds of millions of dollars on TV commercials just for fun? Does Apple spend hundreds of millions of dollars on TV commercials just to slam Windows for being insecure? They do these commercials because they have found them to be profitable to advertising on TV. They do it because they developed marketing systems that work, and they stick to them. Why develop a marketing plan for just TV commercials? Well because it works! In fact they probably have a system for how their websites get updated, how they answer the phone, how particular problems with software or hardware are handled. In fact, I guarantee you that they have systematized absolutely every aspect of their companies.

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Simple Selling Secrets That Create Trust

Published: Sep 18th, 2009 | Author: morgan Add Comment

It’s a fact. More accidents, more crime, and more excitement goes on during the weekend than the rest of the week.

It’s bad enough that you have to take risks when you leave the house, but one thing you really need to be mindful of is the amount of risk, or perceived risk, you’re making your prospects take.

Especially new prospects who aren’t familiar with you.

Minimizing your customer’s risk isn’t just something you hear bantered about because “people say you should do it,” it’s something you really need to pay close attention to.

Especially nowadays when it comes to ordering stuff online. And especially if you’ve never done business with a prospect, or if you’re new in business in general, you really want to make people feel at ease about working with you.

So let’s talk about a couple of ways of doing this:

1. Testimonials. Most people think testimonials just credentialize your product, but they also speak to your integrity and your work ethic. That’s why they’re so important. And that’s also why having “big name” testimonials isn’t enough.

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Cold Calling Mistakes – 10 Top Tips to Avoid!

Published: Sep 17th, 2009 | Author: morgan Add Comment

Cold calling. Probably one of the things most business people hate the most. Unfortunately, it’s also probably one of the very best ways to build your business! So, if you want to build your business fast, you’re going to have to learn to love cold calling – and to make it a little easier, I’ve listed the top ten mistakes people make when dealing with cold calling.

1. Not making, and sticking to a schedule. The very first thing you should do is to commit to making a specific number of calls per day, or per week. That should be a part of your overall marketing plan, and you should aim to meet, or better, that number.

2. Calling at the wrong time of the day. Most people are tired, busy, or just plain grumpy as the day wears on. Catch them early in the morning, to avoid this, and to get in before their day gets started.

3. Not being friendly to the person who answers the phone. You never know who it is who answers – a senior exec may be standing in for the receptionist – if you are not courteous and polite, you could be killing any sales chances you had!

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C-Level Selling Tip 4 – Relationships With C's Produces Business, But You Don't Have a Relationship

Published: Sep 15th, 2009 | Author: morgan Add Comment

Relationships are a powerful way to get business. A relationship will be established when each party feels the benefits for him or her self. C-Levels and senior executives are primarily interested in business benefits you can deliver that serve their careers. Deliver the benefits and secure the professional relationships. Delivering results are thing you can control.

Many get confused thinking that social relationships are the relationships that make deals happen. It’s extremely difficult to establish social relationships at the C’s and high levels. They give you little time and are basically not interested in them with most vendors. So you have no control over these social relationships. Professional results are what they care about which leads to professional relationships, and you have control of these.

Common Situation

People Say Relationships Close Sales.

This is true, but most sales people feel a relationship is a social connection. They then strive to become chummy which is very tough to do at high levels.

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