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Actual for You - What's Standing Between You and a Six-Figure Income?
7 Great Tips to Ensure Success In The Wealth Magnet System sponse to this question is embarrassingly few.Many people who get tired of jobs think of entering some kind of home business. The temptation of being your own boss and making more money than what they get from the job can surely tilt the scales in favor of having a home business of their own. Establishing a home business is not as easy as one would believe. You will need to develop a whole set of new attitudes to ensure home business success.Here are some tips that will help ensure success in your home business.1. The very first thing that you should fling out of the window is your “employee attitude”. When you are working for someone else, your responsibility is l Well, how many of you have -- with your own money -- purchased an audio-cassette or CD album on sales training or purchased a book on how to be a more accomplished salesperson? Again, embarrassingly few hands go up. Why is this? Why do so few salespeople spend so little of our time and money equipping ourselves to boost our productivity and consequently our income? It’s a mystery! I don’t know the answer. The economy with the exception of a couple of short-lived recessions has been incredibly robust for a number of years. Salespeo When Business Drops Off, Always Look Here When I ask this question in sales seminars, I consistently receive these five answers from the attendees:It’s amazing where you can find hidden revenue when you take a moment to look around your business. Many businesses are losing revenue because of their phone system, whether you have multiple lines, or a home phone, no matter. Either can easily lose you money.YOUR PHONE SYSTEM Recently I’ve called a couple of clients’ phone systems. In several instances I was trapped in a queue. It was frustrating. I don’t necessarily have a problem with queues that prompt me to “press #1 for the children’s department” or “press #5 for Dr. Smith” rather, I get frustrated when I follow your recording instructions and I get no where! Thus, 1. Not enough time in the day to service that many customers. 2. My market is too small to support the kind of sales volume I need to earn a six-figure income. 3. I’m lousy at prospecting for new business. 4. My compensation is tied to gross margin and my market is too competitive to yield the gross margin I need to get into a high enough bracket to produce a six-figure income. 5. I’m not money motivated; I’m content with my current income. Assuming that you are not currently earning a six-figure income, can you think of any other reasons that are standing in your way? I can’t help you if your market is too small or if you lack the motivation to grow your sales and consequently your income. In other words, if you’re doing business in a rural market where there are insufficient housing starts to generate $3 million to $4 million in sales, I totally understand. But if this is not the case; that is, if you are in a market that does have the potential for this level of sales, you can perhaps make a few adjustments in the way you sell and you can get there. Sales is one of the most rewarding professions in the world because as a salesperson, your raise in most cases becomes effective when you do. Assuming that you are compensated via a commission-based plan, you don’t have to sit around waiting for the boss to give you a raise. All you have to do is improve your productivity in either sales, gross margin or a combination of the two. Many times salespeople merely need a few lessons in selling. It can be that simple. If you’re serious about your profession, you’ll take your job as seriously as you take your favorite hobby. When I work with salespeople, I often ask for a show of hands for the men and women in the audience that play golf or tennis. Usually a little over half the people in the room raise their hands. My next question is, “How many of you have ever taken a golf or tennis lesson?” Of the ones that raised their hands the first time around, I generally get around 80% who have actually forked out the cash for lessons from a golf or tennis professional. Then I ask for another show of hands, only this time the question is: How many of you have ever taken a lesson on how to sell more effectively. The number that raise their hands in response to this question is embarrassingly few. Well, how many of you have -- with your own money -- purchased an audio-cassette or CD album on sales training or purchased a book on how to be a more accomplished salesperson? Again, embarrassingly few hands go up. Why is this? Why do so few salespeople spend so little of our time and money equipping ourselves to boost our productivity and consequently our income? It’s a mystery! I don’t know the answer. The economy with the exception of a couple of short-lived recessions has been incredibly robust for a number of years. Salespeop Managing Customer Contacts rently earning a six-figure income, can you think of any other reasons that are standing in your way?You work extremely hard to attract customers for your business. Once you have them, managing your customer contacts can help you keep them from jumping to competitors.Customers – The KeyToday’s market is cutthroat. Retaining customers and finding new ones is a tough job. Every company should analyze the available data to recognize its profitable customers and their needs, and also to manage marketing campaigns and to expand effectiveness. In order to serve these ends, most smart business leaders are using customer relationship management (CRM) solutions.Customer relationship management is a process for businesses I can’t help you if your market is too small or if you lack the motivation to grow your sales and consequently your income. In other words, if you’re doing business in a rural market where there are insufficient housing starts to generate $3 million to $4 million in sales, I totally understand. But if this is not the case; that is, if you are in a market that does have the potential for this level of sales, you can perhaps make a few adjustments in the way you sell and you can get there. Sales is one of the most rewarding professions in the world because as a salesperson, your raise in most cases becomes effective when you do. Assuming that you are compensated via a commission-based plan, you don’t have to sit around waiting for the boss to give you a raise. All you have to do is improve your productivity in either sales, gross margin or a combination of the two. Many times salespeople merely need a few lessons in selling. It can be that simple. If you’re serious about your profession, you’ll take your job as seriously as you take your favorite hobby. When I work with salespeople, I often ask for a show of hands for the men and women in the audience that play golf or tennis. Usually a little over half the people in the room raise their hands. My next question is, “How many of you have ever taken a golf or tennis lesson?” Of the ones that raised their hands the first time around, I generally get around 80% who have actually forked out the cash for lessons from a golf or tennis professional. Then I ask for another show of hands, only this time the question is: How many of you have ever taken a lesson on how to sell more effectively. The number that raise their hands in response to this question is embarrassingly few. Well, how many of you have -- with your own money -- purchased an audio-cassette or CD album on sales training or purchased a book on how to be a more accomplished salesperson? Again, embarrassingly few hands go up. Why is this? Why do so few salespeople spend so little of our time and money equipping ourselves to boost our productivity and consequently our income? It’s a mystery! I don’t know the answer. The economy with the exception of a couple of short-lived recessions has been incredibly robust for a number of years. Salespeo The Six R's for Changing MInds and Overcoming Resistance one of the most rewarding professions in the world because as a salesperson, your raise in most cases becomes effective when you do. Assuming that you are compensated via a commission-based plan, you don’t have to sit around waiting for the boss to give you a raise. All you have to do is improve your productivity in either sales, gross margin or a combination of the two.This article borrows from Howard Gardner’s book, “Changing Minds” (2004). In order to get people in conflict to cooperate or collaborate sufficiently to settle or resolve their differences, and perhaps achieve reconciliation, it is necessary that they change their minds. The reason they are in dispute is because they are of two different minds about a particular thing, which is what they are fighting over. People do not change their minds easily. Some people are prepared to be burned at the stake, literally, rather than change their minds, or admit to a change of belief. People cling to the artifacts of their own minds with grea Many times salespeople merely need a few lessons in selling. It can be that simple. If you’re serious about your profession, you’ll take your job as seriously as you take your favorite hobby. When I work with salespeople, I often ask for a show of hands for the men and women in the audience that play golf or tennis. Usually a little over half the people in the room raise their hands. My next question is, “How many of you have ever taken a golf or tennis lesson?” Of the ones that raised their hands the first time around, I generally get around 80% who have actually forked out the cash for lessons from a golf or tennis professional. Then I ask for another show of hands, only this time the question is: How many of you have ever taken a lesson on how to sell more effectively. The number that raise their hands in response to this question is embarrassingly few. Well, how many of you have -- with your own money -- purchased an audio-cassette or CD album on sales training or purchased a book on how to be a more accomplished salesperson? Again, embarrassingly few hands go up. Why is this? Why do so few salespeople spend so little of our time and money equipping ourselves to boost our productivity and consequently our income? It’s a mystery! I don’t know the answer. The economy with the exception of a couple of short-lived recessions has been incredibly robust for a number of years. Salespeo The Top 10 Ways to Follow-Up with Coaching Clients - Part 1 ten ask for a show of hands for the men and women in the audience that play golf or tennis. Usually a little over half the people in the room raise their hands.Did you know that 80% of all sales are made after the 5th contact? The biggest mistake we make is not following up with our clients regularly. We not only lose the chance to offer other services and products, we lose the chance for satisfied clients' referrals. Building your practice needs consistent bi-monthly follow-ups. If you think this takes too much time, follow my lead and delegate some of it where you will spend only 6-8 hours a week. Remember, only marketing and promotion builds income and business, the rest are expenses. Here's the ten ways to follow-up with coaching clients: 1. Kee My next question is, “How many of you have ever taken a golf or tennis lesson?” Of the ones that raised their hands the first time around, I generally get around 80% who have actually forked out the cash for lessons from a golf or tennis professional. Then I ask for another show of hands, only this time the question is: How many of you have ever taken a lesson on how to sell more effectively. The number that raise their hands in response to this question is embarrassingly few. Well, how many of you have -- with your own money -- purchased an audio-cassette or CD album on sales training or purchased a book on how to be a more accomplished salesperson? Again, embarrassingly few hands go up. Why is this? Why do so few salespeople spend so little of our time and money equipping ourselves to boost our productivity and consequently our income? It’s a mystery! I don’t know the answer. The economy with the exception of a couple of short-lived recessions has been incredibly robust for a number of years. Salespeo Losing Berries Is the Same as Losing Sales; Do We Really Have To Lose Them? sponse to this question is embarrassingly few.My wife was disappointed when she returned from the side yard. Her face hung low and I knew she was pretty down. You see, I know the look. It is the same look that salespeople have when they miss a sales opportunity or lose a sale.My wife, returned from the side yard with her empty bowl. She was expecting to collect some juicy, vine ripened, black berries. Unfortunately, her blackberries were either all dried out or they weren’t ripe. She had missed the critical harvest time to achieve the bounty she expected.I have experienced the same loss in sales. If we are not there when a customer is ripe for our services or Well, how many of you have -- with your own money -- purchased an audio-cassette or CD album on sales training or purchased a book on how to be a more accomplished salesperson? Again, embarrassingly few hands go up. Why is this? Why do so few salespeople spend so little of our time and money equipping ourselves to boost our productivity and consequently our income? It’s a mystery! I don’t know the answer. The economy with the exception of a couple of short-lived recessions has been incredibly robust for a number of years. Salespeople who have been willing to work on their skills and put in the hours it takes to be successful earn as much income as a lot of doctors, dentists, lawyers, etc. Yet, with so much opportunity abounding, there are salespeople in just about every region who are starving to death. Many can’t feed their families. The primary reason is because they are spinning their wheels. They’re perhaps working hard, but working hard doing the wrong things. Are you spending more money on fishing, golf, hunting or vacationing than you’re spending on YOU and YOUR PROFESSION? Are you green and growing or are you dying on the vine? If the economy is softening in the markets you serve, it’s more important than ever to learn how to grow your business by taking sales away from your competitors WITHOUT using price as a weapon. Please do yourself a favor and do one or more of the following: 1. Order a set of Sales Training DVDs and CDs. Google a search for sales training tools. 2. Send me an email to receive a FREE reading list for salespeople. Bill@BillLeeOnLine.com 3. Go to your local book store and purchase a copy of The One-Minute Salesperson. 4. Go to your local library and check out a good book on sales. If you don’t see one you lik e, try The Greatest Salesman in the World by Og Mandino. 5. Call your Trade Association and find out when their next sales training seminar will be held and sign up. 6. Call your local Chamber of Commerce and find out if and when they are sponsoring a sales training session and sign up. 7. Spend a day with a salesperson who sells two to three times as much as you sell. Find out what this person does that you don’t do. 8. Force yourself to make prospect calls. Call on qualified prospects that meet your company’s ideal customer profile until they BUY OR DIE. Never, never, never give up. 9. Make a list of your five greatest strengths and play on them. 10. Make a list of your five greatest weaknesses and overcome them.
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