Thinking about sales can sometimes be scary and even intimidating especially when one thinks about competition. Nevertheless, how the company is able to bring in sales and do it successfully is one of the most rewarding feelings that both employers and employees share. Hence, thinking about sales is not just about attitude and strategy alone. Indeed, companies who are able to amass huge sales will agree that optimism along with enthusiasm is one of the main ingredients for successful sales.

Optimism and Its Benefits

Psychologists describe optimism as the basic characteristic that builds positive thinking. It is a psychological resource which unlocks a person’s capacity to succeed in his or her endeavor based on their ability to think that they can achieve it. Additionally, numerous studies have shown that optimism is a desirable characteristic which leads to lesser incidences of postpartum depression, stress and better life satisfaction.

In many cultures, optimism is considered as a desirable trait since it enables people to think positively regardless of the situation. Optimism serves as a catalyst in which people are discouraged from feeling hopeless and apathetic but instead strive for greater hope and action. In the same manner, optimism in the world of sales means that people are able to share their enthusiasm with their customers, knowing that what they have to offer benefits their buyers. This is simply not the bravado of selling but believing that the company’s products bring real results and satisfaction.

Optimism in Sales

When it comes to sales, optimism is taken to mean that sales people have compelling reasons and motivations to offer their products. This motivation is not solely seen in the dollars they can make but also the service given to customers. A sales person can have the most wonderful qualities but without optimism and enthusiasm, they are not able to get customer’s sentiments and trust. A sales coach can also train sales people to sell with intention and integrity.

Successful sales are also brought by people who are pro-active. These people do the necessary actions to make things happen rather than seat and wait for something. Being pro-active and optimistic means people are able to have positive outlooks even in the midst of rejections and down sales. People can benefit from having positive attitude by undergoing sales coaching.

Lastly, optimism in work means that people are able to balance their work life, family and leisure. Sales are important but it should not dominate a person’s life. Hence, putting sales with intent through sales coaching means that selling is done with sincere enthusiasm and bringing valued service.

Article Source: https://EzineArticles.com/expert/Leola_S_Highsmith/1254360

Article Source: http://EzineArticles.com/6868752

Whenever I found myself in a slump or things just didn’t seem to work the answer always seem to be in the basics. A great chef, master carpenter or champion athlete always seems to have a mastery of the basics. So let’s take a look at what this idea of selling really amounts to.

First: Sales is two people, a customer and salesperson, communicating with each other. The customer is communicating their needs, wants and results required. The sales person is trying to understand these so the issue can be solved by their product or service. Just think of this as two people getting together to help each other improve their situations.

Second: Customers purchase products and services for the results they provide. This can be a real challenge for sales people that have been indoctrinated that sales are all about their product. This means saving time and money, preventing problems, solving problems or creating opportunities; that’s what the customer is looking for. Your product or service is simply a way or method to get the results, so salespeople need to communicate these results to customers instead of the product.

Third: Getting into new accounts, selling new and existing accounts and servicing accounts is all about two people communicating. Getting into a new account is about communicating results that the customer could achieve and communicating it in their language. The selling part is listening, questioning for clarity and communicating the results. Servicing the account is continued communications about the results to date and additional results needed.

Fourth: If we take the selling process, the objection response process or presentation part of selling and take the words “selling”, “objections” and “presentation” away, guess what we end up with. The “Selling” process becomes a communication process that is used every day. The “objection” response becomes a conflict resolution process and “presentation” becomes story telling.

Take this idea of communications instead of selling and see what happens to your productivity. Ask yourself what the potential results of your product could be from your customer’s perspective. Now think about how that could best be communicated to your customers.

We’ll explore each step of the sales process and how communications fits into it in future segments. For now, just think communications.

In general, people who choose to work in sales have been through a selection process to identify competencies and the individual has a realistic understanding of the sales role, responsibilities, and challenges.

When starting a sales career, sales training plays a critical role. Any good sales training program usually focuses on three key areas: technique, process, and product. Layered over these are marketing components that address networking, prospecting and promotion. Together they form the technical components of sales training.

The technical learning described above is not difficult, but it takes several years to master them, with practice and repetition. 
Product knowledge may be the exception as product can be complex. The topics have been studied and presented over many years. They have evolved and adapted but there have been few changes to the fundamental concepts of selling. Perhaps the last major change was the shift to needs based selling and the impact of a more informed consumer due to greater access to information on the Internet.

So then has the art of selling been perfected?

Perhaps, but some say it’s all for naught if you haven’t first tackled the way you think!

In fact my experience suggests that how think should be an “up front” consideration.

Before getting on the road to technical development, there are real advantages to individuals and their organizations if both appreciated the impact effective thinking has on learning.  Imagine an individual who is negative, pessimistic, lacks self-esteem, and  procrastinates. Compare that person to a positive, self-starting optimist who is full of confidence and believes in himself or herself.

How you think, or your mindset, sets the tone for what follows in your career. It sets the tone for how you learn, how you interact with peers as well as prospects and clients.

In the perfect world, we would only hire those with a positive and optimistic attitude. We attempt to avoid recruiting those with a negative mindset, who don’t have a strong self-belief, and who are not achievement oriented. In reality, we meet individuals all along the spectrum, and individuals change with time and experiences.

The good news is someone with a negative or neutral mindset can learn to be an effective thinker. In fact, even those with a positive mindset can find ways to improve.

If one consciously understands their personal thinking style, and is able to recognize such things as negative self-talk and counter-productive behaviors, they are well on the way to affecting their mindset.  Similar to learning, practice and repetition will enable and adjust the thought process. In time, the conscious re-framing, positive self-talk, and awareness becomes the new mindset.

Imagine the impact a positive mindset can have during the training event. The outcome can be significant. This permits an organization to better leverage its training investment – and ultimately the individual benefits from increased likelihood of personal success.

“The will to win, the desire to succeed, the urge to reach your full potential… these are the keys that will unlock the door to personal excellence.” – Confucius

You can create significant success even if you are starting from scratch -its achievable and hundreds of people have already done it.

You must believe in yourself and commit to taking control of your own destiny. You can use these suggestions to create a stronger work ethic and a more positive self-image.

The key is to believe in yourself and start taking action today!

http://alphasalestraining.com/sales-training-course/

This self-paced course offers an overview of sales and marketing techniques and how they can improve your business. The subject matter is indexed for quick reference and easy access.

It will take about 2 hours to complete the course. Additional time may be needed to review included resource materials and to complete the “Next Steps” suggested at the end of the course.

Audio is used throughout the training, so please adjust your speaker volume accordingly. A transcript and keyboard shortcuts are available to assist further with user accessibility.

When you complete the course, you will have the option of receiving a course completion confirmation from us.

1.2 Course Objectives

The course has four key objectives:

1. Explain the importance of a sales plan and how to create one for your business,

2. Identify different sales strategies that will work with your business,

3. Explain how to use marketing techniques to improve your sales, and

4. Explain guidelines to follow when hiring sales employees.

1.3 Course Topics

This course provides a sales guide for small businesses. Some of the questions answered in this course are:

• Why make up a good sales plan?
• What role should research play in planning your sales strategies?
• How can you use blogs, community web sites, and email to generate sales?
• Why is it important to track marketing effort results?
• What are realistic expectations for hiring sales employees?

Let’s begin.

1.4 Introduction

You can have the greatest product in the world, the most reliable and effective service available, or the most efficient manufacturing process known to man – none of which mean a thing if you don’t have sales. Selling your product or service is what generates revenue, and without revenue, you do not have a business. This lesson will cover the fundamentals of planning and establishing a sales mechanism that works for you.

1.5 Sales Planning

You usually plan activities and events of your life – whether it is a birthday party for a child, a vacation for the family, or a major purchase such as a car or a house. Most people can’t imagine not having some sort of plan when they start something important. Yet many small business owners plunge into sales without any kind of sales plan at all. A sales plan is a critical tool for setting goals and identifying where and how you should work to generate revenue. Select each tab to learn more about components of a good sales plan.

A sales plan is a strategy that identifies potential customers, establishes goals, and lays out the sales and marketing tactics you will use to meet those goals.

An overall company sales goal defines what you are trying to achieve and provides a focal point for your business ‘big picture.’ It also helps your sales personnel better understand where they fit into your operation. You also need to establish individual goals for salespeople based on his or her skills, knowledge and abilities. Both your overall goals and any individual goals need to be achievable – setting an unrealistically high target can backfire by making failure seem unavoidable.

What tactics will you use to make sales? Are you going to market products through retail stores or sell directly to consumers using a web site? You must determine which sales activities will work best for your particular product or service and make sure to explain them to your sales staff so that they know how to best use them.

How will you focus on the customers you’re targeting? A wholesale market will require different strategies than selling direct to end users. Your sales plan should identify potential avenues of contact, such as media advertisement, classified listings, or direct mail.

What is the schedule for your sales plan? You need to lay out the steps of your sales plan within a realistic time frame and keep that timeline flexible. Be ready to adjust if one portion of your plan bogs down, or another is completed ahead of schedule.

1.6 Customer Relationship Management Systems

A Customer Relationship Management (CRM) System is a robust software-based process used by businesses to identify new customers, automate and track various sales or trend activities, and develop sales opportunities by forecasting and/or providing insight to help satisfy and retain existing customers. Once considered to be a business trend, CRM has become an industry standard needed to maintain your competitive advantage. Thanks to social media and other internet tools, you can create, operate, or outsource CRM system’s and services at little to no cost while increasing profitability and increasing customer loyalty. Some potential CRM approaches include customized mailings based on known customer buying habits, or sending out e-coupons on customer birthdays.

1.7 Knowledge Review

It’s time for a quick knowledge review. For the following question, select the correct option, and then click Submit.

What is the strategy that identifies potential customers and tactics, establishes goals, and lays out the process you will use to meet those goals?

1. Sales goal
2. Customer Relations Management
3. Sales plan
4. Account targeting

CORRECT ANSWER: C

1.8 The Four “P’s”

When you are putting together a sales strategy, you need to keep in mind the four P’s of marketing. These are key areas that have a direct impact on how you sell your product or service. Click each tab to learn more.

While you won’t be changing your product each time you make a sale, you may target specific products to different areas. As an example, you may sell custom notebook binders, which can be marketed in specific school colors. If you are selling custom made products, understanding what your customer wants will be key to making the sale.

Can you be flexible on pricing? Balance the value of getting customer volume against profit margin. This can be a critical factor where you have competition in the same market.

What kind of promotions are useful for your product or service? Can you use coupons or discounts? Are you advertising where your target market will see and notice you?

Where are you selling your product or service? Are you using a web site, a traditional retail store, direct marketing, or some other location? Where does your target market look to buy your product? The answer will help determine what strategies will work for you.

1.9 Research Methods

What next? After you’ve identified the Four P’s, you will need to find out what your customer wants or expects from you. By “listening” to their needs, you will be in a better position to sell.

There are two basic methods of marketing research: primary and secondary.

Select each of the folders to learn more.

Primary research is gathering information directly from potential customers using surveys, focus groups, or other methods. You can perform primary research yourself or hire specialists to do it for you. Hiring a specialist is best suited to larger businesses because of the cost involved.

Secondary research is information that comes from business studies, statistics, reports, and other data from government agencies, trade groups, and other business associations. Secondary research will provide the biggest resource, and can often be found for free. Your local library and the Internet will provide a wealth of data on related trade associations and organizations, local population demographics, and other critical information.

1.10 Researching Your Target

There are many avenues of research available to you through the Internet. Online search engines can be used to identify market trends, regional and local competitors, and available marketing avenues.

Informal conversation is the oldest marketing tool there is, encompassing not only word-of-mouth between friends and neighbors over coffee, but also the much broader spectrum of social media marketing. Direct contact can be made by speaking at local civic league meetings or community business leagues. You can use social networks to establish open and informal lines of communication for customers to express opinions and ideas.

Find out what the bottom line is for the people who actually do the buying of your product or service. Price is not always the most valuable asset to a customer – you may be able to offer delivery or service scheduling options that better meet his or her needs, or provide unique solutions to existing issues.

Look for special programs – many large retailers, and Federal, State, and Local governments have purchase programs or minority set-aside initiatives that allow managers to more easily buy your products and services. Some of these may be identified by Internet research, but your best bet is to talk to regional and local managers of retailers who might have interest in your products or services, or consult a business development specialist with knowledge of your area.

1.11 Surveys

One of the best ways to get specific information is to ask directly. And one of the easiest ways to do this is to use a survey. There are a number of marketing survey services and even free online examples available to help you come up with your own. Here are some guidelines to keep in mind as you begin developing your survey:

Know how you plan to use the survey data: This will play a big part in how you target the survey, what questions to ask, and how to set up the questions.

Coordinate with other stakeholders: Make sure that your survey gets input and buy-in from the people you will be working with. They may come up with questions you had not thought of, and they will be more receptive to results.

Keep it short and simple. Ask someone to answer five questions and they are likely to fill out your form. Ask them to spend an hour plodding through dozens, and your survey is likely to fall victim to the delete key or trash can. Edit your survey ruthlessly, paring it down to the absolute minimum number of questions required to get the information you need.

1.12 Knowledge Review

Which of the following are good guidelines on creating a marketing survey for your customers? Select all that apply, and then click Submit.

1. Know how you plan to use the survey data
2. Include as many questions as possible to get the most data
3. Coordinate the survey with other stakeholders
4. Edit your survey carefully

CORRECT ANSWER: A, C, D

1.13 The Elevator Pitch

Once you’re done with your research, you can begin to use the information to shape your marketing and promotion strategies. The ever-popular “elevator pitch” is an important component to your success.

If you had a minute alone in an elevator with a prospective customer, could you come up with a complete summary of your product or service that entices them? The scenario may seem limited, but there are many instances where you may only have a minute to snag someone’s interest: parties, a business conference, even a chance meeting in a store. If you are well-prepared, that minute can end with an exchange of business cards, or perhaps even a continued conversation.

Your elevator pitch should:

• Include who you are, what you do, and what the customer will get out of it,
• Be relevant to the customer,
• Provide an example of why your product or service is valuable, and
• Include the contact by ending with a question, “Would you like to hear more? We can set up a time for a meeting or an online presentation.”

1.14 Sell Without Selling

We’ve all seen the stereotypical ‘used car salesman’ on television. High-pressure tactics usually alienate potential customers by trying to force products or services on them. An effective sales strategy should explain how your product or service will benefit the customer while giving them the sense that they are making a choice based on information, not stress. Here are some tips on how to sell without selling.

Let potential customers talk about themselves: Ask questions tied to how they might be able to use a product or service like yours, or have them explain experiences they have had in the past with similar items.

Use humor: Much of the most successful marketing ever produced is designed to make people laugh. In the 1960’s, Volkswagen advertisements used humor to emphasize the quality and economy of the cars. Fifty years later they are still considered to be some of the best automotive advertisements ever made.

Use the “80/20” rule: Italian economist Vilfredo Pareto observed that 80% of Italy’s land was owned by 20% of the population. This principle has been widely adopted for many other industries to suggest that 80% of your results stem from 20% of your efforts. For example, you may find that eighty percent of your sales will come from twenty percent of your customers. There are no finite rules, whatever your percentages, you should identify and focus your efforts on the most lucrative prospects.

Give your audience a reason to like you: Talk about things your audience cares about, help them with topics you’re an expert in, and let them share their thoughts with you. An engaged customer will be much more willing to listen to you when you talk about yourself.

Provide your expertise: Take the opportunity to demonstrate your knowledge about your product or service and build relationships with your customers. This can take the form of community newsletter articles, talks at civic league meetings, or including useful information in your marketing.

1.15 Using Multi-Media Avenues

Use multiple media to create content to drive sales. Social and web-based media offers a tremendous opportunity to market your product or services at little to no cost. However, it can also require more personal involvement and time. You need to focus your efforts so that you are not overwhelmed with work maintaining your information.

Make sure your message is clear and consistent! Regardless of whether you do your own marketing or have others do it for you, make sure that your marketing says what you want it to. Write out a ‘mission statement’ and if applicable, come up with a theme for your marketing. Use of slogans, logos, even a special color scheme can unify your marketing efforts and help establish brand recognition. And remember that not everyone is a good writer – your strengths may lie in other areas.

1.16 Multiple Media Types

There are many different types of social and web-based media you can use to market you product or service. Here are some of the most popular. Click each tab to learn more.

One of the newer avenues of marketing is the use of a personal or business Internet Blog. This is a web site, usually updated regularly, that serves as a public journal where you can express opinions, offer advice, or just talk about your product or service. Blogs can be a low or no-cost marketing option, but you need to keep it interesting and keep it fresh.

Forums are Internet sites that allow users to discuss specific topics, such as consumer products and services. A good number of Americans now research purchases using blogs, and make comments and recommendations on their purchases. You can establish a positive presence participating in forums by providing accurate, honest answers to consumer questions. Spending time on Internet forums also can reveal relevant marketing information about products and services in demand and the strengths and weaknesses of competitor’s products and services.

Many local neighborhood groups such as civic leagues and business development councils maintain public web sites and social media pages that offer you a direct line of communication to your customers. You can also make use of local commercial or classified sites to market your products and services free of charge.

1.17 Web Sites

Web sites offer a way to not only provide information on your product or service, but to also make direct sales and gather contact data from potential customers. Your web site can be one of your most effective marketing tools, but you need to follow some basic guidelines. Click each tab to learn more.

Potential customers can get frustrated with overly-long or tricky web addresses. You want a name that creates a mental link with your product or service, but that is also short and easy to remember.

Your customers should know they are in the right location as soon as they open the page. Have your name, logo, and some sort of brief description at the top.

Navigation around your site should be obvious and easy to use. Clearly label links and buttons.

One of the most valuable marketing tools offered by a web site is the ability to have visitors create accounts to get special offers. This provides you with email addresses and other information on persons who have already indicated interest in your product or service.

Selling via your website is a great way to get customers. However, before you set up any kind of direct sales, you will need to determine what legal requirements there are. These include tax collection for local and out-of-state customers and potential fees for using credit cards and online payment services.

1.18 Using Email

Of all the social media available to you, one of the most cost- and time-effective tools is email. Unlike web sites or blogs that require the customer to find you, email allows you to send your message directly to the customer. This tool can be used in many ways.

You can mass mail special offers or other promotions, target specific customers based on previous purchases, or send out congratulations for individual events such as customer birthdays or anniversaries. However, you need to avoid oversaturating your customer’s mailboxes with marketing.

This can result in having all of your emails relegated to the trash before they’re even opened. Consider something like a weekly email newsletter that provides tips or advice related to your product or service, with special offers included.

1.19 Knowledge Review

Which of the following marketing communication tools is the most direct way to get your message to your customers? Select the correct option and select Submit.

A. Company web site

B. Email

C. Product forum

D. Personal blog

CORRECT ANSWER: B

1.20 Making Sales Calls

The basic sales call can be an important tool for your business. Let’s take a look at some basic types. Click each tab to learn more.

Cold calls are the hardest type of calls to make. Essentially you are picking numbers at random and calling in hopes of finding a potential customer. A key element here is having a product or service that can be marketed to a wide range of customers. Do you build custom dog houses or restore pianos? One is much more likely to return positive cold call results than the other. The other key element is persistence. It could take twenty calls to get past your greeting, and even more to connect with a potential customer. Still, if you get one customer out of a few dozen calls, it is one customer you did not have before.

Not all cold calls are random – you can target certain businesses types that typically buy your product. Although they don’t know you and aren’t expecting your call, they are more likely to respond to your sales pitch.

Marketing to an existing customer is usually much easier than cold calling. The customer already knows who you are, and is more likely to listen to your message. You need to key your marketing message to a known customer need or interest. Maybe your customer fishes for a hobby and you just got in a new line of freshwater lures. Or there is a sale on the brand of copier paper their company uses. Remind them of your past business dealings and let them know what you can do to help them.

1.21 Preparing for a Successful Sales Call

Preparing for the successful sales call: As with any endeavor, proper preparation for marketing calls is critical to success. You can prepare by putting together a script for marketing calls. This helps you present a consistent message to customers, and also serves as a valuable tool for new sales persons. Here are some points to consider when you prepare your script.

• Develop a professional greeting: Don’t start your marketing presentation the moment the other person answers the phone. Greet the person by title and last name, not the first name, as in ‘Mister Jones’ or ‘Ms. Smith.’ Allow time for them to respond, just as you would in a face-to-face conversation,
• Introduce yourself and the company: State who you are and who you represent up front, but avoid mention of specific products. That makes it too easy for the person to say ‘I don’t need one of those’ and hang up,
• Express gratitude: You are taking up their time – make sure to thank them and explain that you would like just a minute of their time,
• State the purpose of your call: Frame the purpose of your call in a question, such as “Would you be interested in saving twenty percent on your heating bill?” Sell what your product or service will do for the customer rather than selling the product itself,
• Schedule a meeting: If you are not making a direct sales call, establish a convenient time and location where you can make a more thorough presentation. This might be a face-to-face meeting or simply a better time for an extended teleconference,
• Thank them: Confirm any details from your conversation, including contact information and any scheduled meeting time, and give them your contact information so that they can let you know if they have further questions, and
• Follow up: Do not take a business appointment for granted. If there is time, send a written letter of confirmation to the person that is short and positive. For immediate appointments, send a confirmation email.

1.22 Tracking Results

If you’re going to invest time in marketing channels, you also need to know if they’re worth your time and actually producing sales. It is important to know which approach was the most effective for your product or service. You need to know not only if you met your goals, but what sales method was the most effective use of your time and money so that you can better focus your marketing efforts.

• Ask Customers: “How did you hear about us?” is an easy question to ask, and it can provide valuable information on how different marketing strategies work. Keep a record of responses and see where your message is getting through,
• Use coded coupons: Put a unique code on coupons used for different marketing efforts. For example, use one code for newspaper coupons, a different code for mailers, and a third code for coupons you hand out at meetings or seminars,
• Website Tracking: Most Internet hosting companies can provide automated reports on how many times your site was accessed and which pages were looked at the most, as well as time spent on each page. You can also track customers who came to your web site or blog by giving them a special discount code, and
• Customer Relationship Management System (CRM) -CRM system reports can be used to analyze how customers heard about your product, what they purchased, and where. This information should be invaluable in determining what marketing efforts are the most effective.

1.23 Knowledge Review

Francis is starting up a marketing campaign for her new pizzeria that includes newspaper ads, radio promotions, and discount coupons handed out at a local food fair. Her advertisement budget is limited, and she needs to focus her efforts as quickly as possible in order to contain costs. What are some ways she can track the success of her chosen marketing methods? Select all that apply, and then click Submit.

1. Use different codes on the different coupon types
2. Ask customers where they heard about the pizzeria
3. Use website visit tracking tools
4. Compile survey results

CORRECT ANSWER: A and B

1.24 Sales Tips

Here are some general sales tips to remember no matter what kind of marketing you are using.

• You can only sell if you’re convinced – If you don’t believe in your product or service, no one else will either.
• Be clear and direct – Avoid the use of jargon and rhetoric – get your message across in plain language.
• Pressure is an art – use it, don’t overdo it: There is a fine line between what is and is not too much sales pressure, but once you overstep that line you will have to fight to regain trust and respect of your customer. It is better to err on the side of caution and avoid high pressure tactics as much as possible.
• Have a convincing presentation: Your marketing presentation should be informative, direct, and brief.
• Be passionate and exciting: Be enthusiastic about your product or service, and present it in a way that will get the customer to share your excitement.
• Answer questions directly and clearly: If you don’t know the answer, don’t guess: Guessing or making up an answer can come back to haunt you later. It’s always better to say “I don’t know, but I will find out.”
• Use humor where appropriate: Use humor with extreme caution, especially when dealing with someone you do not know well. A joke that you think is funny might be irritating or even offensive to someone else. Also, keep in mind that you are conducting a business transaction, not a comedy routine. Maintain a professional demeanor.
• Always improve: No one is perfect. As good as your sales techniques may be, there is always room for improvement. Review your marketing message, and analyze any sales efforts that failed. What can you do differently? What can you add?

1.25 Common Sales Mistakes

Although there are many ‘Dos’ in marketing, there are also some ‘Don’ts’ you need to keep in mind.

• Don’t ignore the customer: No one likes to be lectured. Give customers the opportunity to ask questions, and involve them in your presentation. Respond to what your customer is saying.
• Don’t profile the customer without talking to them: ‘Don’t judge a book by its cover’ is a critical lesson when you are dealing with people you don’t know. Basing your marketing message on someone’s physical characteristics or social relationships is likely to get you into trouble. Each person is an individual – make time to find out about who they really are.
• Don’t be ignorant about your product: You need to be able to answer any questions about what you are selling. The customer is going to expect you to be an expert.
• Don’t make assumptions: Denying the customer’s concerns are important. It can be easy to plunge in on the merits of your product without determining their actual needs first. You are there to meet their needs, and if ignored, you are unlikely to even know what those needs are, let alone show how your product can meet them.
• Don’t forget to follow up: You need to follow up with a customer, not only to confirm scheduled meetings beforehand, but also afterwards to thank the individual for sharing his or her time with you. Following up with a potential customer not only avoids confusion and wasted time, it helps punctuate the customer’s importance.

1.26 Hiring Sales Employees

Hiring your first sales employee can be traumatic. As a small business owner you have probably continued as the primary sales representative long after bringing on employees to handle administrative and logistical duties. It can be surprisingly difficult to turn over the responsibility for generating income, but there comes a time when your efforts are better directed towards overall management of your business. Here are some guidelines to consider when you are ready to bring on a sales person. Click each tab to learn more.

Be realistic: Remember that a new salesperson is usually an employee, not a stakeholder. You can expect them to work hard and be loyal to you, but they probably will not have the level of commitment or passion for your product or service that you have.

Set realistic goals and give them the resources they need to meet them: You should not expect a new salesperson to have the same success at sales that you enjoyed. Talk with associates in your company to establish realistic goals for your new sales person with minimum standards and incentives for extra effort. You can make adjustments later if the goals turn out to be too difficult or too easy.

Don’t hog all the large accounts. You need to pass the torch. It’s normal to be nervous about turning valued customers over to a new sales person. For some accounts, where you have a special relationship or connection, it may even make sense for you to continue as the primary contact. However, you should release as many of your customers as possible. If it helps, you can go along on the first few sales calls to introduce the sales person and provide your customer with a transition period.

Check in, but don’t compare their performance to yours: You need to monitor the performance of your new sales person, but don’t compare their performance to yours. Stick to the goals you established, and do everything you can to help your sales person meet them. You have the advantages of intimate product and customer knowledge – share them, don’t flaunt them. Your sales person’s success is your success, too.

1.27 Knowledge Review

Your friend George has grown his small business to the point he needs to hire someone to take over product sales. He asks you for advice on how to proceed. Choose some good guidelines for him to follow. Select all that apply, and then click Submit.

1. Set high goals to get the most out of your sales person
2. Keep all the important accounts yourself
3. Do not compare your sales performance to that of the new sales person
4. Be realistic in your expectations of what the new sales person can do

CORRECT ANSWER: D

1.28 Summary

Sales are the backbone of any business – we hope that this overview of sales fundamentals will help you plan and establish a sales mechanism that works for your small business. In this course, we:

• Explained the importance of a sales plan that identifies potential customers, establishes goals, and lays out the sales and marketing tactics you will use to meet those goals. We also looked at the importance of establishing sales goals, identifying sales activities, targeting marketing efforts, and establishing timelines,
• We identified different sales strategies that will work with your business, starting with primary and secondary research to identify potential customers. Some of the common techniques were explained, like having informal conversations, talking to decision makers, and looking for special programs with major retailers. We also covered various methods of getting your message across. Remember the importance of a one-minute ‘elevator’ pitch, and letting the customer make a decision based on your information, not high pressure. Keep in mind the critical role of consistent multimedia marketing, including community web sites, blogs, forums, and email, and track results of your marketing efforts to determine which is the most effective,
• We also looked at small business marketing do’s and don’ts that will improve your marketing abilities. Do be clear and direct, have a convincing presentation, and use humor where appropriate. Don’t make assumptions about your customer, and don’t forget to follow up afterwards,
• We explained guidelines to follow when hiring sales employees, advising you to be realistic in your expectations, and be willing to share responsibilities for major accounts. Support and encourage your sales people – their success is your success too, and finally,
• Remember that sales of your product or service are what generate revenue, and without revenue, you do not have a business,

You can also find a wide variety of information and help at the SBA website: www.sba.gov

1.29 Resources

SBA has a broad network of skilled counselors and business development specialists. Below is a short description of our resource partners:

Small Business Development Centers: Achieve your dream of business ownership and remain competitive in an ever-changing global economy with assistance from your local SBDC. Access free counseling and free or low-cost training on topics like regulatory compliance, technology development, and international trade. Find an SBDC adviser at sba.gov/sbdc.

SCORE: Join the ranks of other business owners who have experienced higher revenues and increased growth thanks to SCORE, the nation’s largest network of volunteer business mentors. Experienced executives share real-world knowledge to fit your busy schedule. SCORE mentors are available for free as often as you need, in person, via email or over video chat. Find a mentor at sba.gov/score.

Women’s Business Centers: Women entrepreneurs receive essential business counseling and training from this national network of community-based centers. Each center tailors its services to help you navigate the challenges women often face when starting or growing a business. To learn about SBA resources for women visit sba.gov/women.

Veterans Business Outreach Centers: Veteran and military entrepreneurs receive business training, counseling, and referrals to other SBA Resource Partners at a Veterans Business Outreach Center, sba.gov/vboc. Receive procurement guidance to better compete for government contracts. VBOCs also serve active duty service members, National Guard or Reserve members, veterans of any era, and military spouses.

Here are a few tips on how to get to know your product better:

1. Brochures and Literature: Obtain as much written information as you possibly can on your product. Read up on the features and benefits your product offers until you know them by heart. Keep reading until you can roll every detail off the tip of your tongue including any fee’s associated with the product. Also, keep your brochures handy, open them up in front of your customer and go over the details of your product step by step. Customers love visuals.

2. Role Play: Role playing is a fun way to get to know your products. You will need two of your associates to help you out with this. You play the salesman, have one of your co-workers play the customer, and have one of your co-worker’s critiquing you. Have your co-worker playing the customer ask as many questions about the product as he can possibly think of. When you are finished, go over the sales session with the person that critiqued you. Also, take turns playing each character, playing the customer can give you a great perspective on their point of view. Think about it, how often are you the customer when it comes to buying your companies products? Never.

3. Use the Product: This is perhaps the best way to get to know a product. To actually own, have, and use the product, not only gives you the ability to know it inside and out, you will also be able to tell your customer that you have and use the product, and how wonderful you think it is. This will tell the customer how much you believe in the product and that you have confidence in it.

One of the worst mistakes a sales person can possibly make is to be unprepared. Take some time out of every day to understand your products/services better. Make learning about them fun with the role playing, and concentrate most on the products you know least about.

Remember, the more you know about your product/service, the easier it will be to explain their usage and benefits to potential clients, and sales is a direct outcome of such discussions.