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Extensive Research On How To Build Wealth From The Comfort Of Your Own Home.
Extensive Research On How To Build Wealth From The Comfort Of Your Own Home.
Feb 16th
So, what do you want for your business? Increased revenue? More Clients? And what do you do to get what you want? You make sure other people/companies are getting what they need. That’s where you focus your energies.

The mistake many businesses make is focusing on what they need. The other day I was meeting with a banker. The management of the institution had set up sales goals that were completely unrealistic; high numbers for business loans, unmanageable methods and expectations, and pitting employees against each other. The situation was untenable. It’s a clear example of a company looking inward when it should be looking out.
You know what is happening at that bank? They are focusing on what they want, not on what the clients need. If they sent their business bankers out into the business community with the goal of securing qualified, significant, business relationships with clients, they’d excel and everyone would be happy. However, they’ve decided that they want, or need, to write more loans. So, everyone spends time bringing in potential loans that, in reality, are not going to get through underwriting. Yes, there is activity. But it’s wasted time.
If the leadership stuck to their goal revenue goal and let the sales managers work with their teams to realize that goal, everyone would win. When the leadership dictates which products to push, AND how to push them, they’ve effectively moved the goal to “do it my way.” I can tell you with certainty that this belief system will not result in the revenue goal. This situation is not limited to this bank and isn’t even limited to the banking industry. Business leaders in all kinds of industries experience this every day.
Yesterday I was meeting with a client who is one of the partners in a business. We were talking about how they should go about selling and expanding throughout the United States. This man’s partner is one of those people who talks endlessly when he’s in front of a prospect. Where’s his focus? Right, it’s on what he wants to sell; not on what they need. He has decided what is relevant and worthy of sharing. He has decided that the prospect MUST know the things he wants to share.
No they don’t.
How is he going to get the sales that he wants? He’s going to first ask questions and listen to the answers. Then he’s going to respond to what he heard. Nowhere in the plan is there a place where he provides a lengthy dissertation around his product. So, realistically, how do you set up a system so that you get the sales you want?
1. Understand the value of your product or service.
It’s not about the features and it’s not about the big, detailed flashy marketing material you’ve created. It’s never about what you need. Your product or service is valuable to your prospect because it solves a problem they are having. Notice I said it’s a problem they are having. If they aren’t in pain, they don’t need what you have to sell. No amount of chatter or cold calling is going to get them to part with their money. The only thing you’ll succeed at is alienating them. Your chances of ever doing business with them just dropped to zero.
2. Know who it’s valuable to.
You aren’t going to sell to everyone – even if everyone is a potential client. You are only going to sell to the companies or people who have a need. There may be more than one pool of such prospects. Pick one to focus on. You can always add in another once you’ve fully penetrated the first one.
3. Seek to solve.
Your goal is to see if you have a solution to the prospect’s problem. The only way you can do this is to have a set of questions to ask. These questions should cover the gamut of what you need to know to determine whether they are a qualified candidate. So, ask your question and then LISTEN to their response. You can’t fake this step. Really listen and take notes. Their answers will paint a picture for you about who they are, how they operate, and what they need. You can either help them or you can’t. Your job is to find out.
4. Be relevant.
When you identify a qualified prospect, provide them with a proposal. Make sure your proposal speaks to their exact situation. This is how they will know you were listening to them. This is how they will know you have a solution to their problem. This is when they will buy.
If you determine that they are not a qualified prospect, tell them. Whenever possible, refer them to someone you know and trust who may be able to help them. While you won’t be doing business with them, they will remember your honesty and they will refer you to others.
It’s not so hard. As a matter of fact, this process is easier and more results oriented. You get the sales you want when you give the solutions your prospects need. It’s as simple as that. Give it a try. I know you’ll be happy with the results.
Sales Photo via Shutterstock
View full post on Small Business News, Tips, Advice – Small Business Trends
Jan 30th
There are and will always be steps in the sales process. They actually have changed very little since 1865, when Mark Twain created what might be one of the first sales training manuals “The Successful Sales Agent.” He was not only an author but a very savvy businessman who understood the power and importance of personal sales and training. He created a sales training program for all of his, “outside sellers”, who sold his books to the public.
No email, no social media, no video, no blogs just people taking products and services directly to the people.
Personal branding at it’s best and most basic.
Mark Twain understood and appreciated the value of a sales process 147 years ago. He sold thousands of copies of Huck Finn and Tom Sawyer, through “subscription agents”, salespeople who would pre-sell his books door-to-door using sample pages of the books.
Here are the five progressive steps from The Successful Sales Agent to what he called “Canvassing” taken in the following natural order:
*From Hamlin Hill, Mark Twain and Elisha Bliss (Columbia: University of Missouri Press, 1964)
He opens the manual with this statement:
“You must be interested yourself, or you cannot interest others; and the way for you to become interested, is to KNOW your book THOROUGHLY.”
Is this sales 101 or what?
“Know your product, be a user of it and be passionate about it’s features benefits and results.”
Please take a few minutes to read the “Successful Sales Agent Manuscript” written in 1865 by Mark Twain and marvel at how the fundamentals of salesmanship that we follow today have not changed at all. Fast forward to today and add in some fancy technology, uber cool new media, a ton more competition and being in a completely different time in history and those five progressive sales steps from 1865 are still the steps we take to deliver the products and services we market and sell today.
Ask yourself:
We can learn a lot from Mark Twain about sales:
Mark Twain Quote Photo via Shutterstock
A Timeless 5 Step Sales Philosophy From Mark Twain
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Jan 29th
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Jan 27th
How to Drive Sales Offline With Local Online Calls to Action
This content from: Duct Tape Marketing
One of the real underutilized opportunities these days is to use your online presence to drive local offline sales.
In order to do this you must think beyond the content aspects of your website and start to think about ways to tap local buying behavior and enable local buying tools.
The heart and soul of this kind of thinking is the tried and true call to action. Marketers have been using the simple act now, buy now, call now language to get prospects to take all manner of action since the dawn of advertising.
As Internet use has become the primary way that even local shoppers find information and make buying decisions, it’s become essential for local businesses to integrate local calls to action into their websites.
It’s easy to think this is something that only restaurants and salons can take advantage of, but with mobile and search use so high almost any type of business, even professional services, can benefit from this idea.
Example calls to action
Free pass
Let’s say you have a membership type of offer like a gym. Put a “get a free pass” button and form on your site so that you can put a free trial offer in their hands before they come to your door.
A financial planner could use this same approach for a upcoming seminar on investment advice. Or you could allow customers to grab a “bring a friend” pass for an early bird sale.
The easiest way to handle this would be a button that linked to a print friendly web page, but you could also use a form so you could capture a little info and send the pass to their mobile device.
Coupons
People love coupons and coupons certainly drive sales. This is an approach you can update and rotate with all kinds of new products, sales and sample offers.
A restaurant could place a coupon for a free appetizer on Tuesday night, but an insurance sales person could also place a coupon for a free iTunes card with every rate quote.
You can create your own trackable coupons through services such as Coupontank and don’t forget to use the coupon feature on your Google Places page as well as locally focused networks such as Local.com and Craigslist.
Click to call or chat
Many times people that come to your website either don’t immediately find what they are looking for or wonder whether you have that cute little dress on your homepage in their size.
By adding services like LivePerson, BoldChat or Olark you can make it very easy for people to call or chat with your business and get that one piece of information they needed so that they jump in the car and come into your business.
Schedule now
Businesses that run primarily by appointment must start making it easier for today’s mobile enabled customers to book a time on the fly. This means adding appointment booking functionality to your website so that prospects can schedule when it’s convenient for them and see that you have that perfect spot open in two hours when they are free.
There are a number of click to schedule tools like ClickBook, GenBook and Schedulicity. Or use the tool set from a service like Agendize that allows you to add call, chat and schedule options all from one tool.
Driving call to action
In addition to you creating compelling offers and tools you’ll want to promote the fact that you have openings, coupons and special.
Pay per click – Using locally focused Google AdWords in conjunction with your call to action is a tremendous way to get terrific offline bang for your online spend.
Social – Facebook has a very robust local targeting mechanism that offline businesses have been using along with strong offers to act. You can also use tools like the Wildfire app to create calls to action right on your Facebook page.
Don’t forget to Tweet your Tuesday offer and drive customers to your site to get their coupon.
View full post on Small Business Marketing Blog from Duct Tape Marketing
Jan 27th
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Jan 1st
If you’re looking for a crash course on sales, or a sales refresher course, and don’t want to read a lot or learn a rigid sales system that some author says you absolutely positively must follow precisely — then Up Your Sales in a Down Market is a book for you.
Up Your Sales in a Down Market: 20 Strategies from Top Performing Salespeople to Win Over Cautious Customers is by Ron Volper, a business development consultant to the Fortune 500.
Whoa! Wait a minute! You’re thinking, “Did she say Fortune 500? What could a Fortune 500 consultant say that would be relevant to my business with 12 employees?”
A lot, surprisingly. I received a review copy of this book in the mail, and I almost set it aside when I saw the cover blurb about the author’s experience with large corporations. After all, we focus here on books for small business owners and entrepreneurs. We tend to avoid books that target a large corporate audience — that world is so different from the way small businesses operate.
Luckily, I took a few minutes to thumb through the book.
The first section I saw was a 2-page question and answer session between a patient and a doctor diagnosing the patient’s ailment. The author used this analogy to illustrate how salespeople must ask a lot of questions before presenting a solution to meet the customer’s needs and trying to close a sale. Now… that same point about asking questions has been made in countless sales books before. But somehow, seeing the point presented as a doctor making a diagnosis drove it home. Instantly the point clicked. Next time you are in a sales situation, think of yourself as a doctor trying to make a diagnosis. It’s not precisely like that – for instance, in sales you have to ask more open-ended questions. But still, the point about asking questions is memorable and it sticks, all because of the way the author presented the information.
What I Liked Best
This book is filled with practical bits. For instance, you’ll find a concise 10-page chapter on how to give a sales presentation. It covers everything from the best font size for PowerPoint slides, to the need to practice your presentation in advance, to using body language effectively. Another gem of a chapter discusses the sales proposal. It tells you when (and when not) to write and deliver a sales proposal. But the best part of this chapter is the detailed outline of what should be in your sales proposal, along with the most common mistakes to avoid for each section. Example: did you know that one of the most common mistakes on a proposal cover page is misspelling the customer’s name?
One of the things I especially liked about this book is the way each chapter begins with a hard-hitting sales statistic. The opening statistic makes a point about what you should remember from each chapter. Here are some examples:
Who This Book is For
About 70% of this book is relevant to small businesses with small sales teams, and even to sole proprietors. For instance, if you are a business owner who doubles as your company’s primary sales person, you can learn a lot from this book, particularly if you personally do not have a sales background. The information is practical, not theoretical. It doesn’t use corporate-speak, but instead uses everyday language.
That said, the primary audience for this book is sales managers and salespeople in large corporations who want to be top performers. Small businesses, you will get benefit — just don’t be surprised if you find certain chapters less useful than others: the chapter on sales contests and motivations; and the chapter on realigning sales territories, to name just two that are more relevant to large corporations.
Up Your Sales is not about retail or eCommerce sales. Also, if you sell small-ticket items or services, the selling techniques here will be less relevant, mainly because the economics won’t let you devote the time and effort to each sale the way this book describes. Mostly this book will be best for those whose minimum sale is north of $1,000.
What I Would Have Liked to See
I feel this book has value for small businesses. However, it isn’t up to date on the ways that small businesses today must sell if they want to survive. For instance, most small businesses must make heavy use of email, phone meetings, online meetings and other long-distance selling techniques. Many small businesses don’t have the time or money to send salespeople long distances to make in-person sales calls. The techniques in this book are definitely geared toward the in-person sales call or meeting.
Also, the book is very light on using networking, word of mouth, and social media as part of your sales prospecting. The section on social media consists of merely a half page that mentions using LinkedIn and Facebook to recruit salespeople to hire. But savvy small businesses and entrepreneurs today are using social media to fill their sales funnels or as key marketing stages. Word of mouth referrals and networking are huge in the world of small business. Yet those are not really covered in this book in the ways that small businesses use these techniques.
But as long as you understand these limitations, Up Your Sales has value, particularly if your company sells products or services to large corporations. This book does an excellent job telling you how to be more effective at selling to large companies.
Up Your Sales in a Down Market Is a Crash Course in Selling
View full post on Small Business News, Tips, Advice – Small Business Trends
Dec 21st
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Dec 20th
The techniques that are effective to keep and get new customers continues to radically change. In 2012, they will evolve even more. Here is what’s going to be hot (and what’s not) in the year to come.

What do you think is hot for 2012?
Hot or Not Photo via Shutterstock
Hot or Not: Sales and Marketing Trends in 2012
View full post on Small Business News, Tips, Advice – Small Business Trends
Dec 5th
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Dec 5th
Marketing is the business of promoting your product or service and connecting with your clients. It’s also the tools and the process that you use to get the buyers’ attention. Marketing is a conversation, and the better the communication, the better the relationship.
What is your marketing message?
Pay attention, because it’s wrapped up into everything that has anything to do with your business. Your logo, sound bites, Web content, press releases, website design and business cards all communicate a message about your business to your clients. And since these elements are saying so much about your company, you need to shape that conversation into something that matters.
To make the most of your marketing, Ivana Taylor suggests that you jumpstart your marketing with these four mix-and-match power tools:
She includes software suggestions to help you maximize your logo package and key ideas for using the “top 10 article” to generate leads for your company.
She also shows you how to transform your B2B website into a customer magnet because, as Ivana puts it:
“Your website is a huge budget-friendly untapped resource that you’ve been ignoring for too long.”
While her article targets the industrial and manufacturing sector, the website is a major marketing tool for most businesses – especially since the Internet is the modern-day Yellow Pages.
But marketing is only the first half of the equation.
I have noticed two things:
Marketing gets the attention, but your sales process advances the relationship by turning potential clients into customers.
Sales and marketing work together. The stronger the marketing, the easier it is to sell. But no matter how great the marketing is, sales is a process that has to be acknowledged, practiced and honored with repeated execution.
Diane Helbig shows us how not to approach a sales pitch. At the core she suggests that we get training:
“Whether you work for a company or own your own business, sales is a critical part of your success – or failure. You owe it to yourself to be sure you are trained effectively.”
But after we get the training, she tells us to practice on “non-ideal” clients. “Practice on the companies or people with which you don’t necessarily need to score a deal. You’ll be more relaxed, and you’ll get the chance to work out the kinks of your communication” before you get to your crucial prospects.
Following her process has the benefit of calming your nerves. Practice, and then deliver.
Image from Frannyanne/Shutterstock
Sales and Marketing Go Together, But They Are Not The Same Thing
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