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  • Actual for You - How to Shorten Your Sales Cycle?

    The Importance of Customer Satisfaction - Why You Should Focus and Train Your Employees
    Many of us have heard of the current trend for businesses to become ‘customer-centric’, that is, to put the customer at the centre of our business in terms of our strategies, actions and processes. For most of us, old truths still hold good, such as it’s easier and more profitable to sell to existing customers than to find new ones. In practice, organisations are increasingly setting themselves strategies to measure and ensure customer retention, and charging their staff to be more customer-focused and service-oriented. Many organisations now approach the ‘lifetime value’ of customers (calculated as the typical number of purchases per year multiplied by the average purchase value multiplied by the expected number of years of the customer relationship) and seek to increase it.In the modern era building customer satisfaction and loyalty is a key we say to profitable business – but do many of us
    get value out of the call?

    "I said that I would follow up to find out ......; and arrange a follow up"

    What does she have to do to be prepared for the meeting

    AND ON IT GOES.

    The above is typical of discussions we have with reps. They either do not pre-plan their desired outcome for a meeting, or get a tangible indication of interest by the prospect.

    "In selling, a "Next Step" is tangible evidence that someone is working with you - playing ball with you. It's not a "gut feeling" that the person is interested in playing ball with you, but proof of that interest."

    Next steps can take different forms, could be a face to face meeting, a call, or an action taken. But what they have in common, is that they commit the prospect to meeting with you to proactively move the process forw

    Standing Out From The Crowd By Using Color In Your Packaging
    How does a small company or individual eBay seller who wants to get big one day do it? The answer is easy - they work hard to stand out from an already crowded field to have their product, service and name recognized before the others.This can be acheived several ways:First, is to simply have a better product than your competition does.Next, is to do it better and faster than the other guy.Yet another way to separate yourself from the crowd is to deliver your merchandise in a way that stands out and is remembered by the receiver.An example of this might be who's box of widgets is more likely to be remembered first at re-order time, the one that arrives in a plain brown box with clear tape or the one that arrives in a white box sealed with red, blue, green or yellow tape? Obviously the white box will be remembered because it is different from the rest and provided th
    I have a friend Barry, a professional driver who regularly drives from Toronto Ontario to Long Beach California, a trip of roughly 4,100 KM. I have done the same drive a number of times, so we often compare notes about restaurants, places of interest, etc. We also talk about how long the drive takes, and what is interesting is that if you take the weather out of it, he tends to make the drive in about 2.8 to 3 days, while it usually takes me 4.75 to 5.5 days. We both go to the same destination, covering the same ground, driving within acceptable and safe speed limits.

    Looked at another way, if we both got $2,500 every time we got to Long Beach, and another $2,500 every time we got back to Toronto, Barry would collect $187,500 in a 225 day work year; while I would only collect $102,272 in the same period. Wow, not what you'd call chump change!

    We see a similar phenomenon with many of the sales people we work with, some close a sale in 16 weeks, while the lady in the next stall closes the same type of deal in 12 weeks. What ever other skills and abilities may be at play, it is clear that with a shorter cycle, she will sell more, earn more, and probably last longer in her position than Mr. 16 Weeks.

    Shortening your sales cycle is one of the easiest and most efficient ways for an organization to increase sales and simultaneously reduce the cost of sales. This in itself is not news or a revelation, most Sales VP's I work clearly state that they want to help their people reduce the sales cycle, but many are just not sure how to do that, some lack the conviction, but as always, some just do it intuitively and can't seem to sustain it over time.

    To begin with, many sales people just don't know how long their sales cycle is, we ask and we hear things like "depends" (sometime it fits), "it changes" (it always seems longer during Daylight Savings Time), and the all time favorite, "well you know it's different in our business". Well it's not really.

    Underlying this is the fact that many reps and organizations do not know what their sale looks like, they have not deconstructing their sale, identified the basic building blocks to identify and truly understand what it should look like and when efficiencies can be had. One facet of this process is covered in "Working Backwards From Your Goals"

    While there are a number of ways to affect the length of the sales cycle, by far the easiest to implement with the highest rate of return, no technology required, is to always secure a next step with your prospects. Sounds simple enough, but for some reason, it is hard to get reps and managers to adopt.

    Session after session, we implore sales people to always conclude meeting with a clear and mutually agreed on next step that commits both you and the buyer to not only a specific time and action. More often than not however, this either does not happen at all, or only partially.

    Reps tell us "my step is a call next Tuesday"

    We ask when?

    "In the morning"

    What time?

    "Around 10:00"

    Did she agree to that time?

    "Yes she said Tuesday morning would be fine"

    So she agreed to 10:00?

    "Well Tuesday morning"

    So if we looked in her calendar, there would be a scheduled call with your name and related actions?

    "I guess, ya!"

    What does she think the call is about and what does she have to do to get value out of the call?

    "I said that I would follow up to find out ......; and arrange a follow up"

    What does she have to do to be prepared for the meeting

    AND ON IT GOES.

    The above is typical of discussions we have with reps. They either do not pre-plan their desired outcome for a meeting, or get a tangible indication of interest by the prospect.

    "In selling, a "Next Step" is tangible evidence that someone is working with you - playing ball with you. It's not a "gut feeling" that the person is interested in playing ball with you, but proof of that interest."

    Next steps can take different forms, could be a face to face meeting, a call, or an action taken. But what they have in common, is that they commit the prospect to meeting with you to proactively move the process forw

    Project Management - Getting Started!
    What?There is a time when chaos comes in handy. How many times have you struggled to get started on something and when you finally got started, everything was easy from then on? Consider getting off to a chaotic start. You can go back to your more methodical and sane ways after you have the project rolling forward.So What?Many people procrastinate or fail to start something because they try to “get it right” on the front end. It’s much easier to get started on something, and revise it or improve it, than to get it right the first time.Now What?Here’s a good way to get things going when you are stuck.Get a few people (preferably some out-of-the-box thinkers) in a room with a stack of index cards. Write the topic you want to explore or the project you want to start on a flipchart or grease board. Pause and give
    with many of the sales people we work with, some close a sale in 16 weeks, while the lady in the next stall closes the same type of deal in 12 weeks. What ever other skills and abilities may be at play, it is clear that with a shorter cycle, she will sell more, earn more, and probably last longer in her position than Mr. 16 Weeks.

    Shortening your sales cycle is one of the easiest and most efficient ways for an organization to increase sales and simultaneously reduce the cost of sales. This in itself is not news or a revelation, most Sales VP's I work clearly state that they want to help their people reduce the sales cycle, but many are just not sure how to do that, some lack the conviction, but as always, some just do it intuitively and can't seem to sustain it over time.

    To begin with, many sales people just don't know how long their sales cycle is, we ask and we hear things like "depends" (sometime it fits), "it changes" (it always seems longer during Daylight Savings Time), and the all time favorite, "well you know it's different in our business". Well it's not really.

    Underlying this is the fact that many reps and organizations do not know what their sale looks like, they have not deconstructing their sale, identified the basic building blocks to identify and truly understand what it should look like and when efficiencies can be had. One facet of this process is covered in "Working Backwards From Your Goals"

    While there are a number of ways to affect the length of the sales cycle, by far the easiest to implement with the highest rate of return, no technology required, is to always secure a next step with your prospects. Sounds simple enough, but for some reason, it is hard to get reps and managers to adopt.

    Session after session, we implore sales people to always conclude meeting with a clear and mutually agreed on next step that commits both you and the buyer to not only a specific time and action. More often than not however, this either does not happen at all, or only partially.

    Reps tell us "my step is a call next Tuesday"

    We ask when?

    "In the morning"

    What time?

    "Around 10:00"

    Did she agree to that time?

    "Yes she said Tuesday morning would be fine"

    So she agreed to 10:00?

    "Well Tuesday morning"

    So if we looked in her calendar, there would be a scheduled call with your name and related actions?

    "I guess, ya!"

    What does she think the call is about and what does she have to do to get value out of the call?

    "I said that I would follow up to find out ......; and arrange a follow up"

    What does she have to do to be prepared for the meeting

    AND ON IT GOES.

    The above is typical of discussions we have with reps. They either do not pre-plan their desired outcome for a meeting, or get a tangible indication of interest by the prospect.

    "In selling, a "Next Step" is tangible evidence that someone is working with you - playing ball with you. It's not a "gut feeling" that the person is interested in playing ball with you, but proof of that interest."

    Next steps can take different forms, could be a face to face meeting, a call, or an action taken. But what they have in common, is that they commit the prospect to meeting with you to proactively move the process forw

    How to Handle Jargon at Your Web Site - and Why
    If you sell a technical product or service, you probably know you have jargon at your web site - specialized terminology that the average person doesn't understand. While jargon does help you communicate precisely with peers, it seriously gets in the way if potential and actual customers aren't as conversant with it as you are.Plenty of heart patients, for instance, don't know what a "myocardial infarction" is (a heart attack). Many pregnant women have never heard of a "doula," a woman who coaches them through labor. Movers and shakers thinking of buying another company don't necessarily know the term "assessment of human capital." Hardly anyone would know what "global readiness solutions" are, since one company made up the term. The same goes for abbreviations and acronyms used without the spelled-out versions, like "W3C, 508 compliant."If you sell an ordina
    things like "depends" (sometime it fits), "it changes" (it always seems longer during Daylight Savings Time), and the all time favorite, "well you know it's different in our business". Well it's not really.

    Underlying this is the fact that many reps and organizations do not know what their sale looks like, they have not deconstructing their sale, identified the basic building blocks to identify and truly understand what it should look like and when efficiencies can be had. One facet of this process is covered in "Working Backwards From Your Goals"

    While there are a number of ways to affect the length of the sales cycle, by far the easiest to implement with the highest rate of return, no technology required, is to always secure a next step with your prospects. Sounds simple enough, but for some reason, it is hard to get reps and managers to adopt.

    Session after session, we implore sales people to always conclude meeting with a clear and mutually agreed on next step that commits both you and the buyer to not only a specific time and action. More often than not however, this either does not happen at all, or only partially.

    Reps tell us "my step is a call next Tuesday"

    We ask when?

    "In the morning"

    What time?

    "Around 10:00"

    Did she agree to that time?

    "Yes she said Tuesday morning would be fine"

    So she agreed to 10:00?

    "Well Tuesday morning"

    So if we looked in her calendar, there would be a scheduled call with your name and related actions?

    "I guess, ya!"

    What does she think the call is about and what does she have to do to get value out of the call?

    "I said that I would follow up to find out ......; and arrange a follow up"

    What does she have to do to be prepared for the meeting

    AND ON IT GOES.

    The above is typical of discussions we have with reps. They either do not pre-plan their desired outcome for a meeting, or get a tangible indication of interest by the prospect.

    "In selling, a "Next Step" is tangible evidence that someone is working with you - playing ball with you. It's not a "gut feeling" that the person is interested in playing ball with you, but proof of that interest."

    Next steps can take different forms, could be a face to face meeting, a call, or an action taken. But what they have in common, is that they commit the prospect to meeting with you to proactively move the process forw

    Engineering Jobs - Distribution Engineer
    Electricity has become necessary for almost all our daily activities. From the moment you hit your ringing clock when you wake up to the moment you watch a movie in your apartment after a harsh day at work, you are actually connected to a large network of people, electric lines, and generating equipment without even your knowledge. Distribution engineer also called power plant distributors and dispatchers are the people in charge of the monitoring of the flow of electricity first from the power plant, over a network of transmission lines, to industrial plants and substations, and, eventually, over distribution lines to residential users.Distribution engineer control and operate current converters, voltage transformers, and circuit breakers to control electricity needs. They are also in charge of the monitoring of any distribution equipment and keeping record readings at a pilot board which is
    ssion, we implore sales people to always conclude meeting with a clear and mutually agreed on next step that commits both you and the buyer to not only a specific time and action. More often than not however, this either does not happen at all, or only partially.

    Reps tell us "my step is a call next Tuesday"

    We ask when?

    "In the morning"

    What time?

    "Around 10:00"

    Did she agree to that time?

    "Yes she said Tuesday morning would be fine"

    So she agreed to 10:00?

    "Well Tuesday morning"

    So if we looked in her calendar, there would be a scheduled call with your name and related actions?

    "I guess, ya!"

    What does she think the call is about and what does she have to do to get value out of the call?

    "I said that I would follow up to find out ......; and arrange a follow up"

    What does she have to do to be prepared for the meeting

    AND ON IT GOES.

    The above is typical of discussions we have with reps. They either do not pre-plan their desired outcome for a meeting, or get a tangible indication of interest by the prospect.

    "In selling, a "Next Step" is tangible evidence that someone is working with you - playing ball with you. It's not a "gut feeling" that the person is interested in playing ball with you, but proof of that interest."

    Next steps can take different forms, could be a face to face meeting, a call, or an action taken. But what they have in common, is that they commit the prospect to meeting with you to proactively move the process forw

    Stock Photography
    Stock photography is images that can be used by advertisers, magazines, publishers, graphic designers, web designers, calendar and greeting cards companies, and television and film producers for commercial purposes. Instead of hiring a photographer to shoot an image or event, one can go through a stock photograph library and order a wide range of photographs. Using stock photography saves a consumer a lot of money. Images can be purchased through the Internet, delivered by e-mail or downloaded. The business of stock photography began around the time of the American Civil War, when photographers sold images of war to use in stereo viewers.Stock photographers can resell their images to as many different customers as they desire, because they hold all copyrights. Photographers who are interested in selling stock photos can represent themselves, as well as contact a stock photography agency to rep
    get value out of the call?

    "I said that I would follow up to find out ......; and arrange a follow up"

    What does she have to do to be prepared for the meeting

    AND ON IT GOES.

    The above is typical of discussions we have with reps. They either do not pre-plan their desired outcome for a meeting, or get a tangible indication of interest by the prospect.

    "In selling, a "Next Step" is tangible evidence that someone is working with you - playing ball with you. It's not a "gut feeling" that the person is interested in playing ball with you, but proof of that interest."

    Next steps can take different forms, could be a face to face meeting, a call, or an action taken. But what they have in common, is that they commit the prospect to meeting with you to proactively move the process forward. They should involve some commitment on the part of the prospect; after all they should have some skin in the game as well. This could be as simple as forwarding production schedules, current tariffs, plans that may help you understand their requirements; or a conference call with their technical team; a copy of their financial statements, etc.

    The key is that it be more than just the willingness to meet with you; other than their time, what commitment are they making? You on the other hand are going to go back, engage resources in your company, invest your time to come up with something to present to the prospect, all without testing the commitment level of the other party.

    In most instances, a next step does not always have to be quantum leaps, just remember that even a small movement forward gets you that much closer to close. But if you don't secure a next step, have you advanced at all?

    Another common occurrence is meetings ending with the prospect saying "great, I am glad we had a chance to meet, I really like what I heard, I want to bring my team up to speed so call me next week, and we can discuss things further." Worse the rep says "I'll call you next week". Even with straight and honest intentions, you usually end up playing phone tag, and when you finally connect you end up setting up a meeting a week or two out. You can easily save a few weeks, at times as much as a month, by scheduling the next meeting at the end of the current meeting, an added benefit is avoiding the stress brought on by the whole ritual of phone and voice mail tag.

    Getting next steps is not as easy as just asking for one, although it may be in some cases. The proposed next step has to make sense to the prospect. In order for that to happen you have to have planned out your meeting; you need to know, plan and move towards a logical conclusion to the meeting. As you execute your plan, you need to be cognizant of whether your primary next step will pan out; if not do you will need to revert to your secondary next step, (yes you have to plan that too), or other alternatives. Please remember this does not have to a complicated and laborious process, once you know the building blocks of you sale, the same building blocks you uncovered during the deconstruction process, the basics become easy to manage and plan, and then it is down to execution.

    In most instances, when we deconstruct a sale with one of our clients, we find one of the easiest things to help them shorten the cycle is the insistence that anything in the pipeline have a real and clear next step (as we define it). Let's face it, if you don't have a next step, what do you have? What's in your Pipeline?

    There are other ways to help teams shorten and tighten up their sales cycles, next steps is one of the easiest.

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