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Optimise the sales pipeline increasing revenues and improving profitablity? Decrease sales times and the cost of each sales? Increase sales effectiveness and productivity? Proactively address threats and pursue add- on, up sell, cross sell opportunities? Profitably manage customers and increase loyalty and lifetime value?
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Marketing Post Sales Support Sales
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Approach ◦ By taking a 360 degree approach to providing services, you not only know why your services are selling, but where they are vulnerable and what you will have to do to keep selling products into the future. Visibility ◦ Delivers an unmatched, comprehensive view of each sales opportunity by providing complete visibility into a prospect and customers history, milestones, key decision makers, tasks, activities and progress.
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Uses consultative approaches Seeks to uncover needs Works as a partner Provides win-win solutions Builds relationships…... Then sales Is about building rapport Adds value to client
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Learns about client through questions Depends on proactive listening Sees problems through client’s eyes Maintains integrity Seeks best solution for customer (versus sales commissions)
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Questioning / Listening skills Reads ‘between the lines’ for needs implied Focuses on solution, not products Offers options, lets client choose Avoids product based solutions Provides counsel versus quick
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Sits on same side of the table as the client Helps client evaluate options Sees long term relationship as the focus Offers recommendations that generate sales
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Isolates needs (versus positions) Generates additional, creative (attractive) options Demonstrates win-win paybacks Focuses on relationship (versus winning the negotiation) Stays on ‘same side of table’
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People only buy (long term ) from those they trust Develops relationship of trust, counsel Seeks first to understand client need Feeds back client need to demonstrate empathy, understanding Always maintains integrity
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People buy from people they trust People trust people like themselves People trust people who are empathetic People trust people who are credible Without trust there is no communication “Prescibing without diagnosis is malpractice”
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Relationship based Long term focused Solution centred Depends on integrity, trust Focuses on adding value Defers product discussions Transaction based Short term sales focused Product centred Focuses on ‘closing’ Begins with product discussions
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Brings new data to bear on the problem Honestly admits when product is not a good match (recommends others) Takes a business-based approach to solutions Recommends valuable (profitable) added services, features
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Document what “works” effectively Develop communications skills Develop negotiation skills Develop presentation skills Instill good work habits Install measurable targets
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Reaches beyond immediate sale, uncovers needs Builds relationships, loyalty Takes long term view of the relationship Puts client and vendor on same side of the table Focuses on upgrading skills of all sales people Changes the philosophical approach to sales
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The Overview Know your job responsibilities Know your company message Know your competitors
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Understand your products and services Drive sales of your products and services Achieve and then exceed your assigned sales quota Represent the company to the marketplace in a professional manner
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Who are we? ◦ Our marketspace and our profile What are our core values? ◦ Our mission statement What do we do? ◦ Our products and services What do we bring to the table? ◦ Our value proposition
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Who are our competitors? What do they do? What do they bring to the table? There is competition for all business- whether local, nation or international Can be competition of product or service- or competing for the finite dollars available –the priority of best spend in any one budget
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The Process
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Prospecting and lead generation Planning sales calls Meetings Post call follow up Documentation Presentation Sign off Own and implement the sale After sales service Post sales follow up Repeat and up sell
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Identify current customer base Identify and rank prospects Identify decision makers Schedule sales calls
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Research prospect company Identify audience Define presales support (engineers for example) Plan meeting agenda Plan your objective Set your follow up objective Call and confirm your meeting ahead of time
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Make introductions Define and then confirm prospect’s objectives Define your objectives Review business need Identify budget Identify decision maker and decision process Identify contributing factors Present possible solutions Reach consensus: fit; not fit; investigate further
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Common sales errors ◦ Not prospecting ◦ Not conducting pre-meeting research ◦ Not being prepared ◦ Talking too much ◦ Providing irrelevant information ◦ Making the wrong pitch ◦ Not anticipating objections ◦ Not asking for the sale
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So remember……… ◦ Know your product! ◦ Think like your prospect in order to be successful ◦ Remember: Ratio of 2/1- Two ears/ One mouth ◦ Focus on solving the ‘pain’ ◦ Avoid long-winded proposals ◦ Know when to walk away and move on to the next prospect
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Send a summary email or letter to your prospect and then follow up with a phone call ◦ Thank them for the meeting ◦ Recap the meeting ◦ Review agreed upon next steps ◦ State future intentions- ‘where to from here’ Notify your appropriate internal resources for any next step assistance (eg engineering dept) Update account files / CRM
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Prepare appropriate documents Review the documents with your prospect Present a solid business case that addresses their pains / gains
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Deliver documents Present your proposal Request the sale
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Sign all documents Close the sale It is not a sale until all necessary paperwork is in place and the process begun
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Process necessary paperwork Follow up the process Make sure the sale happens – this is your customer and future good will!
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Customer service Technical support Billings & collection
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Ensure your customer is happy Continue to build the relationship Strengthen your contacts with the customer Set reminders for emails, follow- up, courtesy calls
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Strengthen the relationship Ask for referrals Upsell and add more services Maintain a partnership
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PO Box 180, Tyabb 3913 Ph 9005 7079; 0419 283363 smp@somuchpotential.com.au smp@somuchpotential.com.au www.somuchpotential.com.au www.somuchpotential.com.au
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