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got sales?

 

A Newsletter With Insights on Sales Excellence and Customer Retention

Volume 4

August 2006  --  Issue 8  

www.PeakSalesConsulting.com

info@PeakSalesConsulting.com 

 

Motivating Your Sales People to be More Productive

Leveraging sales to your existing customers

How can you motivate your sales people to be more productive? Isn’t that what every sales manager and every business owner would like to know? Well, if you fall into this category, then listen up. In order to motivate your sales people to do anything, you have to help them. And to help them be more productive, you have to show them how they can leverage more sales to your existing customers. And, to show them how to do this, you must first find out a few things about your customers.

Many of the companies I visit with have the same problem. They don’t know jack about their customers. All they know is that they somehow fit into their targeted profile, which they have only a very high-level definition of what that is, and that their sales people somehow knew how to close them. Another problem they have is even scarier – they don’t do any follow up after the sale to try to retain them. In fact, very few companies actually pay their sales people as much for selling to existing customers as they do for acquiring new ones. When it costs many times more (sometimes up to seven to 10 times more) to find and sell to a new customer, you would think a business would reward their sales people even more for selling to existing clients since it is costing them much less. I do understand that businesses also need to acquire new clients, so there has to be a balance. But please don’t be one of those companies that don’t pay their sales people ANYTHING for selling to existing customers. At least have a separate sales team that sells to them, perhaps even junior sales reps who earn less because they are farmers instead of hunters. Not only will this motivate your sales people, but it will help retain your customers.

Anyway, back to the topic of finding out more about your customers...
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Getting to No

A “No” answer is better than no answer at all

I need closure. No matter what I’m doing or what happens in my life, I need to have closure with it. I hate loose ends. If something goes unfinished or there’s something that I need to know that would answer a particular challenge or goal I’m working on, then I get very uncomfortable. I feel empty, as if there’s a hole inside me that needs to be filled. If someone says they’ll call me, I expect them to call me, and soon too. If I have an argument with someone close to me, I need to get beyond it by settling the issue and making sure everyone involved is satisfied with the outcome. This even effects my driving. If I am given directions to go somewhere and I get lost or reach my destination another way by accident, that’s not enough for me. I still need to find out how to get there given the original directions. I know, this sounds pretty obsessive. But that’s just the way I am.

Imagine the effect this little personality trait has on a sales career. In sales, we are constantly faced with the dreaded “non-answer”. We all get delay tactics and brush-offs. We keep asking for the order and trying to get our prospects to make a decision, yet they give us no answer other than, “I have to think it over” or “We have to wait for the new budget cycle” or “Our new manager has to get settled into her new position before we can proceed with this.” For someone who needs closure, this can be very frustrating, and it is -- believe me. In fact, I find this to be the most frustrating part of selling. Cold calling is a snap for me. Negotiating is a sport which I thoroughly enjoy. Asking questions and listening are equally enjoyable. Handling objections is something that I accept as a challenge that exercises my creative juices. But getting no answer at all is the one thing that stresses me; especially since it doesn’t give me closure..
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