CEOs who sell have a keen sense of what's needed and what's excess baggage. After reviewing hundreds of sales processes, I can tell you that the quickest way to find out if they are effective and efficient is to see what steps salespeople (or you) consistently ignore! If the same three steps are being skipped over and over again, you can rest assured that they're not needed.
Take a moment now and look in-depth at each and every step you're currently being asked to take in the process of moving a suspect to a customer/business partner. Are there any unnecessary elements of the process? Are there any elements that duplicate work someone else does (or should be doing)?
Here are two examples of what you might come up with:
?P Remove: "Get a copy of each suspect's most recent annual report." When you come right down to it, the most important numbers and words in an annual report can be obtained directly while you're building effective business rapport.
?P Reposition: "Understand the needs of each level of buying influence." This somewhat generic request appeared in every single sales process that I obtained during my research In reality, that all-encompassing request for information should be distilled down to a few intelligent questions sprinkled throughout the entire sales process.
For the next month, use your modified plan (with the appropriate steps eliminated or repositioned) to see if the new approach improves the following: the elapsed time to obtain the first sale, the ease of obtaining the first sale, the number of steps you had to take to get the first sale, the number of steps the suspect had to take to get the first sale, the size of the first sale, and any emotional "weather" you and the suspect encountered during the process of making the sale.
What Is Sales Process
There's a very good reason you're in business for yourself. Many small business owners started on their ?e-venture? because of an interest in ending the day-in and day-out drudgery of the working world. Others may have started e-businesses because of some technical experience or expertise that allowed them to create and sell a certain product or provide a certain service.
In many cases, the business owner's abilities at creating a site and selling a product or service lean more toward the accurate production and delivery of that item rather than the process of selling that item. In layman's terms that means that many entrepreneurs are probably better at building a better mousetrap than selling it. It's nothing to be embarrassed about: Most entrepreneurs don't become entrepreneurs because they have a passion for selling, it's usually because they have a passion for sharing their ideas or products or skills with the world.
But because you're in business, that automatically means you're going to sell. Like it or not, if you have a product and you want money for it, you're a salesperson. So for those of you who have a better mousetrap and simply don't know how to share it with the world, here is a basic sales process to help you. Although this process seems generalized, each step is critical to making sales in your business? even if you don't immediately recognize how YOUR business does that particular step.
1.Prospecting: Like a prospector who is looking for gold, prospecting means that you find people who want to buy your product. This might mean identifying a niche to market to or it may mean advertising to get people to come to your site.
2.Presenting: In traditional sales, this was the step where the salesperson would show up at his or her scheduled time and present the product to the potential customer. Nowadays, your website does the presenting for you. In most cases, the very first page of your site is where you'll want to do most of your presenting because that's what people will see first when they click to your site and they'll immediately form an opinion that could sway their decision.
3.Dealing with Objections: In traditional sales, the salesperson would finish the presentation, ask for the sale, and wait for the objections (?your price is too high? or ?I don't like the color? or ?we're not buying that product right now?) and then he or she would deal with them as they came up. As an e-business owner, you have to anticipate your customer's objections and deal with them on your site, for example in an FAQ section.
4.Close: The close is where you ask for the order and (hopefully) the prospect accepts and becomes your customer. On your website, this happens at the very end of your sales letter, where you might have a ?buy now? button.
5.Follow up: This often-overlooked phase of the sale is critical to keeping past customers coming back to buy from you again.
Both Danny Austin & Jude Wright are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Danny Austin has sinced written about articles on various topics from Finances, Vitamin and Mineral Supplement and Small Business. If you want to learn some Power Principles of Maximizing Your Business Success for FREE, subscribe to my FREE Newsletter by visiting http://www.ministryofbiz.com/eproducts.html. Danny Austin's top article generates over 450000 views. Bookmark Danny Austin to your Favourites.
Jude Wright has sinced written about articles on various topics from Debt Consolidation, Affiliate Programs and Cure Anxiety. Jude Wright is the owner of 40 websites. She finds her i-Marketing Organizer invaluable in finding her Internet marketing information fast! i-MarketingOrganizer.com. Jude Wright's top article generates over 110000 views. Bookmark Jude Wright to your Favourites.
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