Be Prepared for Marketing

For most businesses, making a sale is all important. However, despite the amount of effort and attention given to getting sales, there is often no attention given to developing and effectively implementing a systematic marketing process. There are many things that can go wrong between the point of the customer first developing an interest in your product or service and the time of making the sale. Despite knowing this, very few businesses actually take proactive steps to nurture the progress of a sale. In sales and marketing, as in life, preparation makes a world of difference.

Be Prepared to Initiate

In many businesses there is no real attempt to initiate action towards a sale. Many sit and wait for customers to come in or for the phone to ring. They hope the customer will initiate the action. This is OK when things are busy, but what happens when trade slows down? Often the first thought is that we had better do some advertising. Unfortunately, random, unfocused, one off type advertising rarely achieves good results. You need to know what initiates action from your customers and then consistently and regularly set that process in motion. This takes a degree of preparation and planning, by analysing customer needs, preparation of a targeted marketing message and delivery through the right media to attract the appropriate amount of attention from the right customers.

Be Prepared to Measure

Is there anything worse when not making enough sales than to spend money on advertising that doesn't work? The trouble is, many people don't actually know whether their advertising is working or not. They don't take the time and effort to monitor and measure the response to advertising. Every time a new customer makes an enquiry or purchase, you should be asking why they came to you. Then note and keep track of the answers. If you can't tell what advertising works and what doesn't, you will end up wasting a lot of money. When you spend money on advertising, be prepared to monitor and measure the results. No one really knows what will work and what won't. You need to measure results and fine tune your advertising so that you do more of what works and less of what doesn't.

Be Prepared to Respond

Even worse than doing advertising that doesn't work is to be unprepared to deal with the enquiries that do come in. Nothing kills off sales quicker than not giving customers what they expect. You need to be prepared with follow up marketing materials, stock to sell and people who are trained to deal with the enquiries. Sales staff need to be trained and prepared to be customer focused. They should be able to lead the customer in a helpful manner towards making a decision in such a way that no pressure is ever exerted by the sales person or felt by the customer. My experience is that very few sales people ever achieve this level of expertise. How about yours? How much training do you give them?

Be Prepared to Help

Customers hate to be sold, but love having their needs met. In these days where customers are much better informed, most of the old sales techniques of the last decade no longer work. Customers are put off by tired and over used sales techniques. Today selling is about being helpful, providing advice and assistance to customers in matching specific products or services to the customer's specific needs. You need to be good at discovering those needs to be able to offer helpful solutions. Many sales people jump too quickly over the process of discovering needs and skip straight to the "solutions" stage. This makes selling difficult. When you spend most of your time discovering needs, you build a lot of trust that means when it comes to offering the solution it is usually obvious that it is the right one for the customer and they buy with minimal hesitation. It all comes down to being prepared to help, not sell.

Be Prepared to Compete

Do you worry about your competitors and feel that they are getting too many sales that you should have won? Well, don't just worry and get annoyed about it. Be prepared to fight back. Find out what the competition does and learn about their strengths and weaknesses. Then get proactive. Attack their weaknesses and downplay their strengths in your marketing and sales efforts. Do a better job of marketing your business and products or service than they do theirs. If you can't do it yourself, get help.

Be Prepared for Objections

You have probably noticed that most sales don't go through the process smoothly without the customer raising some objections. Despite this, many sales people seem to be caught out when customers have a problem or need an answer to a concern they have. This is often the case when the same types of objections are raised repeatedly. Good preparation can help in overcoming objections. Get your salespeople to write down objections that stump them. Find the best way to overcome those objections and prepare your sales people to answer them effectively. This is best done by answering the objections before the customer raises them. Do you know what a difference it makes to a sales person's confidence levels when they feel prepared to tackle objections? It's enough to make your sales graph go through the roof.

(c) 2004, Greg Roworth, Progressive Business Solutions Limited

Greg Roworth is the Managing Director of Progressive Business Solutions Limited, a business development consultancy firm with branches in Wellington and Auckland, New Zealand. Greg has created a unique business development program that assists business owners transform their business from a state of total dependency on them to a state where the business works so well they don't have to.

Greg is also the author of "The 7 Keys to Unlock Your Business Profit Potential," which descibes the fundamental keys a business needs to achieve this transformation. Find out more, get 2 free chapters, or buy the book online at http://www.small-business-success.ws

In The News:


Datran Media Executives Hit the Road to Discuss Multi-Channel ...
MarketWatch - 2 hours ago
Bloom is an expert on both on and offline direct marketing and will help attendees address challenges ranging from shrinking mailing lists and declining ...

Leading Online Marketing Firm A Couple of Chicks e-Marketing Wins ...
MarketWatch - 2 hours ago
TORONTO, ONTARIO, Dec 04, 2008 (MARKET WIRE via COMTEX) -- Only three years young, Canada's leading online marketing company for the hospitality industry A ...

Terralever Consultants to Speak at Online Marketing and Social ...
MarketWatch - 13 hours ago
The seminar, Online Marketing & Social Media: Best Practices for Tourism will take a critical look at several online marketing tactics that lend themselves ...

SmartCard Marketing Systems Inc. (Pinksheets:SMKG) Transactions ...
CNNMoney.com - 4 hours ago
SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) Announced today that their Bill pay and Pin debit online services through the Velocitymoney.com site ...

Javno.hr

Nokia says moves marketing to themes from products
Reuters - 1 hour ago
HE: Quote, Profile, Research, Stock Buzz), the world's biggest mobile phone maker, is moving away from advertising specific devices to marketing themes, ...
PREVIEW-Nokia seen cutting profit forecasts; demand eyed Reuters
all 36 news articles

American Commerce Solutions Reacts to Current Market Opportunities ...
MarketWatch - 5 hours ago
, , ) , a multi-industry holding company, today announced the Company's expanded efforts in bringing greater attention to its strategic business model of ...

Brandweek Magazine

PepsiCo hires Beraud as chief marketing officer
CNNMoney.com - 23 hours ago
Beraud, who will develop global marketing strategies for the company's portfolio, will report to Indra Nooyi, PepsiCo chairman and chief executive. ...
PepsiCo Names Jill Beraud Worldwide Chief Marketing Officer MarketWatch
US: Lingerie exec gets top PepsiCo marketing job just-food.com (subscription)
PepsiCo Names Beraud CMO Adweek
AdAge.com (subscription) - Atlanta Journal Constitutionall 44 news articles

Reuters

AIG gives back stake in Tenaska Marketing Ventures
CNNMoney.com - Dec 3, 2008
based Tenaska, which already owns 50 percent of the partnership, will repurchase AIG's interest in Tenaska Marketing Ventures, Tenaska Gas Storage and ...
AIG Unloads TMV Stake Wall Street Journal
Tenaska repurchasing part of business from AIG Omaha World-Herald
AIG sells stake in energy company Business Insurance
Insurance News Net (press release) - Reutersall 51 news articles

BDMetrics' New Online Marketing Platform Lets Tradeshow Exhibitors ...
MarketWatch - 17 minutes ago
eventMobile: A mobile marketing solution providing one exhibitor with exclusive sponsorship of the show's mobile portal, which enables attendees to search ...

Cygnus Custom Marketing Honored by Custom Publishing Council with ...
MarketWatch - 22 hours ago
The site was designed by Cygnus Interactive web designer/developer Jacob East and Cygnus Custom Marketing art director Kayla Brown. ...
marketing - Google News

Adapting Blog Technologies To Corporate E-Newsletters

Every January, trade publications put out a list... Read More

Good Vibes/ Bad Vibes

Have you ever walked into a store or business and... Read More

7 Ways to Evaluate Your Marketing Plan

Business owners often find it difficult to know whether their... Read More

Wise Man Marketing

It's a sunny morning and you're sitting in your office.... Read More

The Process of Change in Marketing Approaches

In a world economy that is in constant flux and... Read More

10 Steps To Getting Paid For Your Marketing Materials

How many times have you heard the same sound bites... Read More

Should You Clap For Your Customers?

Does it make sense to clap for your customers? It... Read More

Turbocharge New Sales with a Marketing Database

What is the most valuable asset your company owns? Inventory?... Read More

Perceived Value Is In The Eye Of The Beholder

Q: My partner and I are having a hard time... Read More

Todays Definition of Marketing. Has It Changed?

With the continued proliferation of the Internet, the meaning of... Read More

Marketing Messages: Your 10 Most Important Business Principles

As a self-employed professional, you have two basic strategies for... Read More

Focus...a Marketing Strategy

The secret to increasing sales doesn't lie in choosing just... Read More

Are Your Prospects Walking Out on You?

After 11 years in sales, I've put together and delivered... Read More

Web Site Marketing Strategy: 8 Ways To Increase The Perceived Value Of Your Freebies

It is a well known web site marketing strategy: To... Read More

Reasons Why People Usually Dont Buy Again

There are many psychological reasons why people will buy from... Read More

Top 5 Design Tips to Create Eye-Catching Marketing Materials

Great graphic design looks effortless, but it requires lots of... Read More

How to Manage Your Marketing Mix

Here's the deal: advertisement is not marketing. It's like saying... Read More

5 Tips to Help You Identify WHO To Market To

If you have your own small business, it's important to... Read More

Want to Increase Your Business? First You Need to Understand where You are at!

Are you having trouble understanding basic situational marekting concepts? Then... Read More

Four Essential Marketing Plan Components

Preparing a Marketing Plan for your product or service is... Read More

Service Marketing - A Relationship Building Approach

Can we imagine a place in the world today without... Read More

Marketing Mimics Life

Clichés. We've all heard them...and hear some of them so... Read More

Free Sample Sales Letter: Example of How to Write a Persuasive Business Marketing Letter

Here is an example of a business-to-business sales letter mailed... Read More

5 Ways to Give Your Web Site a Big-Company Look and Feel

We all DO judge a book by its cover, and... Read More

Boost Profits: Market to the Gay Community

Research shows that the gay and lesbian market is worth... Read More