What is the Major Skill Set? • • • • • Churchill? JFK? Thatcher? Luther King? Hitler? • Diana? • Lenin? • Marx? Free Sales Training Slides • • • • Mother Theresa? Mandela? Ghandi? Geldoff? • • • • Bill Gates? Newton? Simon Cowell? Dyson? www.touchlinecoach.com The Lifeblood • Show me anyone that has done anything big in the world and I will show you a sales person • Sales is the lifeblood of all organisations Free Sales Training Slides www.touchlinecoach.com Why Businesses Fail • • • • 97% of businesses fail with 7 years. 80% of businesses fail with the first 5 years. 50% of businesses fail with the first Year! This relates mostly to small businesses, owner drivers if you like. • Interestingly, this does not apply to Franchises, why? • Franchises mainly sell systems and processes. Free Sales Training Slides www.touchlinecoach.com Most Businesses which are successful usually have a system or Process • • • • • • Weight Watchers, is it a diet or a process? Atkins diet, is it a diet or a process? Training for a marathon? Rehearsing for a play? Learning to play the guitar? Top football teams? Free Sales Training Slides www.touchlinecoach.com Sales Process • A sales process enables an organisation to replicate and duplicate sales at will. • Repetition is the mother of skill Free Sales Training Slides www.touchlinecoach.com Where does Marketing Fit In? • Some things are out of the control of Marketing • But many things aren’t – Referrals – Web enquiries – Telephone Enquiries – Footfall – Telephone Enquiries Marketing must generate QUALITY Leads which we can convert Free Sales Training Slides www.touchlinecoach.com Qualifying In • GI-GO • We can soon generate loads of leads, if the offer is right • Quality is important in Relationship selling. Free Sales Training Slides www.touchlinecoach.com The Marketing Funnel • A marketing Funnel is used to control what goes into the sales pipline, then; • A Sales pipeline is then used to control leads so that we can maximise return on marketing investment. Free Sales Training Slides www.touchlinecoach.com Relationship V Mass Marketing • FMCG – Approach? • • • • Radio TV Newspaper Some Magazines • Relationship – Approach? • • • • Direct Mail Telephone E-mail Magazine Free Sales Training Slides www.touchlinecoach.com Free Sales Training Slides www.touchlinecoach.com Free Sales Training Slides www.touchlinecoach.com Inefficient Opportunity Management • Without a structured process that manages leads into the sales pipeline, everything simply falls into a pile. • Things become hard to manage. – What can be managed? – Time, Money, Resources • Its hard to understand what leads are productive or worthwhile. • Sales People get bored and dissillusioned – Sales People Need Leadership! – Put yourself in their shoes… Free Sales Training Slides www.touchlinecoach.com The Sales Pipeline • A sales pipeline is constructed by stacking several layers of a process together. • New opportunities (suspects) are put in the top and worked through the funnel until they either place an order, or become a disqualified lead. Free Sales Training Slides www.touchlinecoach.com The Sales Pipeline • At any point of the sales pipeline prospects drop out. • From the large number of initially interested persons only a fraction actually place an order. • The trick is to know and work the numbers… Free Sales Training Slides www.touchlinecoach.com Free Sales Training Slides www.touchlinecoach.com SPANCO • Suspects – People you think may be interested in buying a product from you. – You take the initiative and approach the person to see if there is something that you can do for them; this approach includes meet and greet on site, an inbound call or outbound telephone prospecting. Free Sales Training Slides www.touchlinecoach.com Free Sales Training Slides www.touchlinecoach.com SPANCO • Prospects – After assessing the interest of the suspect and finding that yes, they are interested in our products or services, they become a prospect. – It is sometime sknown as qualification. – You start a discussion on what the prospect’s needs are. Free Sales Training Slides www.touchlinecoach.com Free Sales Training Slides www.touchlinecoach.com SPANCO • Analysis – During your discussions you find out what their specific needs are and they find out the specifics on how you provide it. – This is a fact find. – You are still qualifying – It incorporates product demonstration and presentation. Free Sales Training Slides www.touchlinecoach.com Free Sales Training Slides www.touchlinecoach.com SPANCO • Negotiation – This is the bargaining stage of the sales process, and no, it doesn’t mean "no sale" here. It just means it is time for a refinement of your proposal. – You may use your manager to second face. Free Sales Training Slides www.touchlinecoach.com Free Sales Training Slides www.touchlinecoach.com SPANCO • Close – Every sales persons happiest stage, if it works anyway. You make the sale or don’t. – If you don’t, then go back to analysis and see if you missed anything and try to refine your approach. – Second face is another must do here. Free Sales Training Slides www.touchlinecoach.com Free Sales Training Slides www.touchlinecoach.com SPANCO • Order – Just because you have a signed order form or have heard “no” doesn’t mean the sale is over. – If you were successful, you need to follow up and make sure that buyers remorse does not creep in, and you want to get a referal. – If you weren’t, then you want to assess what went wrong and try to fix it. You may even start over again once you determine why you didn’t get the deal. Free Sales Training Slides www.touchlinecoach.com The Sales Pipeline • Knowing that it can take anything from a few days to months to walk prospects through the funnel process • We should always know what part of the pipeline the customer is at. • We should also know how many potential customers we have at each stage. • Multiple prospects at all the layers of the pipeline will improve our productivity • So the bottom line is pretty straightforward. Make sure that we have action at all levels in the sales funnel and you'll never be desperate for a deal to close again. Free Sales Training Slides www.touchlinecoach.com Summary • Dividing the sale into different stages can really help you refine your approach and up your chances for success. • Whichever way you cut it, the more effort which is put into converting the highest ratio at each step, the more we will sell. Free Sales Training Slides www.touchlinecoach.com