Monday, September 3, 2012
The key to sales growth? Understanding the buyer!
Companies are looking to increase revenue growth should shift attention to the environment within each potential customer to buy. Great sales professionals recognize there are a number of distinct stages that a buyer agrees to buy with the end result of this "buying cycle" be buying the product or service or not.
Unfortunately for all buyers, each sales organization and their individual sales professionals are unique and often require immense amounts of energy to build a relationship with. This keeps guess buyers, which in turn keeps the sales organization guess. It 'a continuous game that takes place in all offices across the country.
To help both sides, it may be prudent to go back to root cause of these ambiguities. The only common denominator for all sales organizations and all organizations purchase is the dollar sign. Surprise! Buyers and sellers are worried about the same thing! The organization wants more purchases through the collection of revenue has declined, the sales organization wants more revenue through the sale. The bottom line - we all want more revenue.
The element that keeps most of the C-level executives at night is how to engage in the global market to increase revenue or reduce costs, that's all. All decisions made today, whether it's compliance with new laws, expansion into new markets, or ask someone out, can be traced back to these two sides of the dollar sign. The key for many companies is to focus on aligning marketing, sales and customer service functions to a dollar policy - but this is easier said than done. What many companies fail to do is to align these systems to the purchasing organization and their actual purchasing processes instead of forcing them on the organizational buying process.
This approach can be summarized as follows:
(1) Know your customer,
(2) Know your product,
(3) Be ready for the customer to buy, and
(4) remains committed to the customer after the sale.
Many organizations train their sales managers, marketing departments and customer service representatives on their product, but they stop there. As a result, have spent millions of dollars on training with poor results. The problem with this approach is very simple, until they have been asked "what is the buying process the organization uses in relation to these four stages?"
Believe it or not, the occupation must understand that this question is absolutely and finally the profession of sales. This is because the profession of sales is responsible for the conversion of market demand in revenues for the sales organization by understanding the desire to raise revenue for the sales organization. Sales professionals to fill a critical position in any company extends from the border from one organization to another. The sales organization (sales, professionals and all supporting infrastructure) need to build relationships, understand the customer, and to articulate how to bring value to the lives of their customers. This in turn helps the next customer. Sound confusing? Try doing a CFO of a telecommunications company in the morning, a VP of Marketing at a software company IT room, and a Fortune 1000 CEO at night!
The question is not "how to project our sales process on the buyer?" The real question is "how do we help the customer experience?"
For example, your organization would like to sell to the federal government? It would be easy to do if the organization had never done before? The reason it is difficult to sell to the federal government is the difficulty of understanding how the federal government procures goods and services. By understanding how the government buys, of course, helps companies understand how to sell. This must happen in all sectors, with each customer purchases. Unfortunately, this crucial understanding is often neglected at the expense of driving lop-line growth .......
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