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Member You - My Las Vegas Sales Management Lessons
You're Killing Your Own Business 'm sure a lot of people can't resist the offer.There is one thing that will absolutely kill the growth of most businesses at one point or another. Although it is intended to make sure that you are properly prepared for the journey ahead, it often stunts the growth of your business.The funny thing about this is that every business class I've ever taken during my coursework absolutely glorifies the importance of this one factor. The factor that I am speaking of is "planning". Although, a theoretically sound plan is helpful in attaining your business goals, it's frequently a stumbling block for growth. Why? You ask.... THE E Multiple Contacts is the KEY! All in all, there were 4 opportunities that they offered us. This made me think about what I offer in my company. Perhaps you are thinking the same thing at your company. I am now reviewing my product offering and changing it to contain at least three levels of support and programs for my customers. This way, if someone does not want to go with the first program, they can drop down a level and still become a customer. One of the other lessons I learned from this experience was how they left us alone a few times to talk alone and then return. This had the same impact of making several visits. The value of making several visits is a good thing for the salesperson. Multiple contacts works and we should use email, telephone, personal contacts and The Art of EBay Selling I was in Las Vegas last week and must share a great sales lesson. Since I don't gamble, we went there for the food and entertainment. It was a great getaway and a wonderful break from sales automation.Without question, launching an online auction business through EBay can be one of the most successful business ventures you can ever make. Every 365, millions of people buy and sell items through this popular online auction place, buying everything from Moroccan rugs to pheromones. Statistics for EBay selling has shown that $14 out of every $100 spent online happens through EBay. Its popular setup and navigational style has let many people starting their own online auction businesses, with many considering it a full-time job. Its premise is easy: EBay selling means offering an item, receiving bids for it, and selling the item to the highest bidder.The first step to Part of the reason for going to Las Vegas was to visit a hotel timeshare and learn about their program offering. Believe it or not, I like going to these things to learn something about timeshares and what is new. We bought our first timeshare about 18 years ago and now have 4 timeshare weeks. Offer Number One! We got to know the agent, John, and learned about him, what he did and he took an interest in us. He asked some great questions about how we like to vacation and travel. The first lesson I was learning was the importance of developing rapport and asking good questions. After learning enough about us, he made a pitch for his property and what the offer was. It was a good offer but not one that we wanted to exercise at the time. I would learn later, the importance of having several purchase options and levels to increase sales. I would also learn the importance of multiple contacts and how a prospect will lower their defenses each time they feel they have overcome an objection or reason for purchasing now. Here is how it worked out; I think you will like this Las Vegas story. Offer Number Two! We didn't take the first offer to purchase another week and it seemed like the defensive stand we took was holding firm. The salesperson told us that generally speaking, most people go to these timeshare sessions with a pact that they won't buy under any conditions. We thought this was funny because, although we didn't make a pact before this meeting, we have made them before at similar situations like buying a car or furniture. The salesperson left and came back with another offer that was about 3/4's of what the first offer was and it was different because it was for different seasons and less than we wanted. This didn't appeal to us either. They left us alone for a few minutes and returned. I loved this strategy because - we thought it was over again. So, our defenses went down again. Offer Number Three! They returned with a third option that now changed the scenario to an every-other year program and reduced the investment further. WOW, I probably shouldn't have been surprised but I was. This offer was tempting and we talked about it. I have to tell you that we really liked the program that was laying out for us. It was different from the other timeshares we have and we liked the program. Unfortunately, we decided that it wasn't a good time for us right now and we declined. Well, they accepted our decision and they told us that another guy was coming to ask us a few questions and we would we done. I guess you could say that the defenses went down. Way down because we had defended our wallet successfully for the third time. Offer Number Four! The next guy came to us and asked us some questions about the program and we shared our positive impressions with him. This was not the wisest thing for us to do. He then pointed out a final opportunity for us to engage in the timeshare program. It was not really a program that required us to purchase the entire program, just to hold the pricing and give us a few months. Very, very tempting and I'm sure a lot of people can't resist the offer. Multiple Contacts is the KEY! All in all, there were 4 opportunities that they offered us. This made me think about what I offer in my company. Perhaps you are thinking the same thing at your company. I am now reviewing my product offering and changing it to contain at least three levels of support and programs for my customers. This way, if someone does not want to go with the first program, they can drop down a level and still become a customer. One of the other lessons I learned from this experience was how they left us alone a few times to talk alone and then return. This had the same impact of making several visits. The value of making several visits is a good thing for the salesperson. Multiple contacts works and we should use email, telephone, personal contacts and l Use Direct Mail Marketing to Capture Leads Online pitch for his property and what the offer was. It was a good offer but not one that we wanted to exercise at the time.Here's an easy and affordable direct mail marketing tactic to help you capture leads online:First - create an informational product your key prospects would find interesting and helpful. "White paper" is the current buzzword, but it's not important how you refer to the document, so long as you sell the value and uniqueness of it.Next - use direct mail postcards to promote the value of this unique (and free) document, and point to the web page where it can be downloaded.Lastly - have a web-based lead-capturing system in place to collect name and email address of interested prospects. One easy way to do this is to put the document o I would learn later, the importance of having several purchase options and levels to increase sales. I would also learn the importance of multiple contacts and how a prospect will lower their defenses each time they feel they have overcome an objection or reason for purchasing now. Here is how it worked out; I think you will like this Las Vegas story. Offer Number Two! We didn't take the first offer to purchase another week and it seemed like the defensive stand we took was holding firm. The salesperson told us that generally speaking, most people go to these timeshare sessions with a pact that they won't buy under any conditions. We thought this was funny because, although we didn't make a pact before this meeting, we have made them before at similar situations like buying a car or furniture. The salesperson left and came back with another offer that was about 3/4's of what the first offer was and it was different because it was for different seasons and less than we wanted. This didn't appeal to us either. They left us alone for a few minutes and returned. I loved this strategy because - we thought it was over again. So, our defenses went down again. Offer Number Three! They returned with a third option that now changed the scenario to an every-other year program and reduced the investment further. WOW, I probably shouldn't have been surprised but I was. This offer was tempting and we talked about it. I have to tell you that we really liked the program that was laying out for us. It was different from the other timeshares we have and we liked the program. Unfortunately, we decided that it wasn't a good time for us right now and we declined. Well, they accepted our decision and they told us that another guy was coming to ask us a few questions and we would we done. I guess you could say that the defenses went down. Way down because we had defended our wallet successfully for the third time. Offer Number Four! The next guy came to us and asked us some questions about the program and we shared our positive impressions with him. This was not the wisest thing for us to do. He then pointed out a final opportunity for us to engage in the timeshare program. It was not really a program that required us to purchase the entire program, just to hold the pricing and give us a few months. Very, very tempting and I'm sure a lot of people can't resist the offer. Multiple Contacts is the KEY! All in all, there were 4 opportunities that they offered us. This made me think about what I offer in my company. Perhaps you are thinking the same thing at your company. I am now reviewing my product offering and changing it to contain at least three levels of support and programs for my customers. This way, if someone does not want to go with the first program, they can drop down a level and still become a customer. One of the other lessons I learned from this experience was how they left us alone a few times to talk alone and then return. This had the same impact of making several visits. The value of making several visits is a good thing for the salesperson. Multiple contacts works and we should use email, telephone, personal contacts and The Price is Always Right with Cheap Printing n't make a pact before this meeting, we have made them before at similar situations like buying a car or furniture.One always expects to really splurge on premium products and services. After all, high-quality products don’t come by easily and come cheap. Like genuine articles, these things come at a hefty price tag for every little detail is crafted out of craftsmanship.There will always be the equivalent of a Ferrari for every product or service. Printing is no exception. But printing does not necessarily mean that you have to spend lots of money for a good, quality print.Quality, cheap printing is available. It is even more common than you would have thought and does not occur for a limited time only. You can easily avail of cheap printing if you know what to look for The salesperson left and came back with another offer that was about 3/4's of what the first offer was and it was different because it was for different seasons and less than we wanted. This didn't appeal to us either. They left us alone for a few minutes and returned. I loved this strategy because - we thought it was over again. So, our defenses went down again. Offer Number Three! They returned with a third option that now changed the scenario to an every-other year program and reduced the investment further. WOW, I probably shouldn't have been surprised but I was. This offer was tempting and we talked about it. I have to tell you that we really liked the program that was laying out for us. It was different from the other timeshares we have and we liked the program. Unfortunately, we decided that it wasn't a good time for us right now and we declined. Well, they accepted our decision and they told us that another guy was coming to ask us a few questions and we would we done. I guess you could say that the defenses went down. Way down because we had defended our wallet successfully for the third time. Offer Number Four! The next guy came to us and asked us some questions about the program and we shared our positive impressions with him. This was not the wisest thing for us to do. He then pointed out a final opportunity for us to engage in the timeshare program. It was not really a program that required us to purchase the entire program, just to hold the pricing and give us a few months. Very, very tempting and I'm sure a lot of people can't resist the offer. Multiple Contacts is the KEY! All in all, there were 4 opportunities that they offered us. This made me think about what I offer in my company. Perhaps you are thinking the same thing at your company. I am now reviewing my product offering and changing it to contain at least three levels of support and programs for my customers. This way, if someone does not want to go with the first program, they can drop down a level and still become a customer. One of the other lessons I learned from this experience was how they left us alone a few times to talk alone and then return. This had the same impact of making several visits. The value of making several visits is a good thing for the salesperson. Multiple contacts works and we should use email, telephone, personal contacts and How To Write An Efficient Marketing Plan fferent from the other timeshares we have and we liked the program. Unfortunately, we decided that it wasn't a good time for us right now and we declined.Planning, let’s not underemphasize the importance of this term at any stage in a business model (irrespective of size or nature). It is the most crucial aspect to be considered at any stage while managing an enterprise. Yes, yes I understand, have read too much about it. Tell me something I don’t know. If you’ve starting thinking like this than take a closer look because even a minor ignorance in this direction could lead to a dead end. Many promising small businesses faltered because they willingly perceived that planning is a notion meant for big and small ones, self operated businesses can manage without this tool. However, important case studies and practical experie Well, they accepted our decision and they told us that another guy was coming to ask us a few questions and we would we done. I guess you could say that the defenses went down. Way down because we had defended our wallet successfully for the third time. Offer Number Four! The next guy came to us and asked us some questions about the program and we shared our positive impressions with him. This was not the wisest thing for us to do. He then pointed out a final opportunity for us to engage in the timeshare program. It was not really a program that required us to purchase the entire program, just to hold the pricing and give us a few months. Very, very tempting and I'm sure a lot of people can't resist the offer. Multiple Contacts is the KEY! All in all, there were 4 opportunities that they offered us. This made me think about what I offer in my company. Perhaps you are thinking the same thing at your company. I am now reviewing my product offering and changing it to contain at least three levels of support and programs for my customers. This way, if someone does not want to go with the first program, they can drop down a level and still become a customer. One of the other lessons I learned from this experience was how they left us alone a few times to talk alone and then return. This had the same impact of making several visits. The value of making several visits is a good thing for the salesperson. Multiple contacts works and we should use email, telephone, personal contacts and The Ten Commandments of Successful Marketing 'm sure a lot of people can't resist the offer.I’ll start off with a somewhat controversial declaration: Marketing Rules! Okay, maybe it’s not that controversial. What I mean by that is business is all about marketing when you break it down to the basics. Therefore, successful business is all about successful execution of the company’s marketing function. Don’t believe me? I can swap stories with you that illustrate millions of dollars of lost value for companies that have struggled with the marketing function.A company can have strong financial managers and accountants, but without customers, for what will they account? Without revenues, what will your IT staff have to maintain? The same questions can be asked Multiple Contacts is the KEY! All in all, there were 4 opportunities that they offered us. This made me think about what I offer in my company. Perhaps you are thinking the same thing at your company. I am now reviewing my product offering and changing it to contain at least three levels of support and programs for my customers. This way, if someone does not want to go with the first program, they can drop down a level and still become a customer. One of the other lessons I learned from this experience was how they left us alone a few times to talk alone and then return. This had the same impact of making several visits. The value of making several visits is a good thing for the salesperson. Multiple contacts works and we should use email, telephone, personal contacts and letters to make multiple contacts for the same impact. Close When the Defenses are Down! Leaving prospects alone, even if only for a few minutes allows their defensive purchasing shield to come down. If prospects think you have given up your closing tactics, you have a better chance of closing them. Your prospects might try to put the shield up each time but each time it isn't as high. Even if your prospects made a pact they wouldn't buy anything before the meeting, it will be hard for someone to keep the defense up. Each time the salesperson returns, the prospects has a weakened defense. Last Lesson - Give Something Away! One of the best things about timeshares is their use liberal giveaways. We were there for the FREE weekend they offered us and we added a few days at a great price. So, we felt obligated to listen to them. They fed us some nice snacks and the power of reciprocation is very strong. This is another reason businesses should be investing in give away items for their prospects. I remember when banks used to give away toasters for the same reason.
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