Gone are the days where people will buy what you sell if you sell well. Also, a long established brand may not bring in sales. Look at the dismal sales of Windows Phone and you'll realize that what customers want is nothing but increase in profits. (see here for winning sales strategies)
Profits to an individual could mean more convenience, faster productivity and reduction in cost. If you are selling to a business, there are 36 ways a salesperson can increase his customer's profits:
Profits to an individual could mean more convenience, faster productivity and reduction in cost. If you are selling to a business, there are 36 ways a salesperson can increase his customer's profits:
- Increase in sales. Like our sales training can help our clients achieve a 10% increase in sales in just 2 months
- Reduction in wastage
- Lower direct and indirect labour cost
- Lesser overtime and thus lower labour cost
- Higher and more predictable quality products and services, leading to more sales
- Cut down in repair and maintenance cost
- Faster turnaround, resulting in higher sales and lower overheads
- Lower overheads
- Higher productivity, leading to lower labour cost and higher profits
- Better risk management, resulting in more stable profits
- Improvements in cash flow
- Higher yield, resulting in more sales and profits
- Lower finance cost, due to lowering of labour and other costs
- Lesser management cost, as higher productivity arise from fewer labour used
- Better branding and image, resulting in higher sales and profits
- Ease of use, resulting in higher output at lower cost
- Happier team, giving higher team productivity
- Increase in staff rewards, as higher sales and profits will ultimately increase staff remuneration
- Better utilization or capital and other resources, resulting in higher return on equity
- Better compliance with government and other environmental regulations, leading to lower cost
- Stronger customer loyalty, leading to higher quality sales and profits
- Lower utility and other energy cost, arising from higher output per time
- More convenience for users and customers, giving rise to more business and profits
- More time for staff to do value-added activities, resulting in higher sales and profits
- Higher creativity and innovation resulting from higher output with less input
- Fewer customers' complaints and problems, leading to higher sales at lower cost
- Better profit margins, giving more payouts for all
- Increase in customer retention, giving you to more sales
- Better control and management, giving more time for business development
- Leaps in strategic management and leadership, resulting from the above
- Lowering of stress level, because the team can now handle more work with less resources
- More efficient use of human capital
- Better deployment of financial capital, leading to higher business value
- More free time to pursue higher value activities like strategizing
- Compete better in the marketplace, resulting in higher quality and lesser problems
- Do more with less
I could go on and on: but the point is all salespeople must able to increase the profits for their customers or they are just wasting customers' time and money. Related articles:
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