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Creativity Is King In Business
In my last article, “The Reality of Buying Wholesale,” we looked at some of the controls that the largest companies in the consumer goods market place on their distribution channels. As we learned, some of these companies make it impossible for the...
Five Ways To Boost Your Initiative FAST!
*Article Use Guidelines* This copyrighted article is free for you to use as content in opt-in publications, or on your Web site. When you use it in opt- in publications, or on a Web site, please include the resource box. However, please do not...
How To Use Brainstorming To Solve Your Money Problems
Advertising executive Alex F. Osborne first coined the word “brainstorming” in the early 1940’s. Since then literally millions of ideas, products and services have been created.
Every institution from Fortune 500 companies...
Systems for Simplicity: What any Business can learn from McDonald's
Open any book on the subject of building effective business systems and you are sure to find McDonald's used as a prime example. Now their food mightn't be to everyones' liking, but it has one outstanding characteristic: it is entirely predictable....
Tips for Using and Personalizing Templates
"Why reinvent the wheel?" your boss may ask. "Use a template
instead. We're running a little behind schedule, and we need
that thing up right now."
These lines may irritate many creative workers. But the fact
still rings true. You do not...
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Numbers Low? Your Sales Team CAN Survive A Recession!
© 2002 Kathi Graham-Leviss
http://www.xbcoaching.com
When companies begin tightening the reigns on spending due to a recession, you really have to put your sales skills to the test. That one simple transaction becomes a tennis match of offer and counter offer that can lead to a failed closing if you aren’t careful. However, with a little creativity, you can still make your goals even during slow economic times.
1. Think outside the box. You may have sold your product or service to the same target market for years, but now is the time to stretch your limits. Find ways to develop new relationships and partnerships with existing clients. Also, take a look at your product/service with fresh eyes. Are you missing a market? Is there someone else you could be selling to that you haven’t approached?
I know of a company who provides computer networking solutions. In the past, they only offered installation. Now they are considering bringing in a subcontractor to offer the training clients have requested.
They also previously sold directly to end-users. However, they are now offering their installation services for resale through electricians, video surveillance companies, etc. in order to reach new markets.
2. Expand your relationship with current clients. Look for additional decisions makers within the companies to call on. If the traditional decision maker is someone in advertising or marketing you could also approach others in sales, community affairs or corporate communications for additional business.
3. Let your imagination run wild! Hot ideas sell. You might partner with the promoters of an event in your area to create a special
offer, announce a new use for an “old” product, introduce an “upgrade” program, provide free seminars or training on a new product/service or repackage/reposition an existing offer.
When you provide solutions that meet client goals without costing them a lot of money, you will often find that sales close more quickly and word-of-mouth advertising increases, too.
4. Provide proof of results/benefits. When wallets get tight, people in general will demand firm proof of the results they’ll get or the benefits of their purchase. The “try it and see” attitude largely goes to the wayside during financially difficult periods.
Consider creating a page of testimonials from satisfied clients. You’ll want to include the client’s name, company and contact information in order for it to be verifiable. Also, look for testimonials that are specific about benefits and performance. Knowing others have succeeded while using your product/service will help alleviate some of the concern that occurs during the decision-making process.
The sales environment changes during a recession. You’ll have to think fast and consider the impact on your client more carefully. But with some creativity and imagination, you can provide innovative solutions for your clients while increasing sales at the same time.
About the Author
For additional information about training in the areas of communication, sales, goal setting, team performance, job placement and conflict resolution, contact Kathi Graham-Leviss of XB Coaching, Inc. at http://www.xbcoaching.com today. Also ask about specific workshops and assessments that would be of value to you and your team.
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