Mistakes That Can Flat Line Your Small Business Sales
Mistakes That Can Flat Line Your Small Business Sales
Mistake #1 Focusing on only one or two profit strategies
If you only have sales and profit coming into your business from one source—say advertising for example—you’re leaving thousands of dollars on the table.
Mistake #2- Not understanding how and why people buy
You’ve got to understand why someone would choose you over your competitors so you can get their repeat business. And you need to know how they buy and when they buy. This is about research. Once you know what they want or need you can give it to them, not the opposite.
Mistake #3- Not thinking outside the box
Do you want to be like everyone else or do you want to be extraordinary? If you do, you better show people how you’re unique and fresh. Otherwise you won’t stand out in the over crowded, too-much-information marketplace.
Mistake #4 - Not developing and using a proven system for your marketing
You can throw money and time away on “shot in the dark marketing”, where you just try this and try that with no idea if it will work, or you can implement a proven system that will work time after time and give you a return on investment for every marketing dollar you spend. You need to spend your marketing dollars narrowly focusing on reaching your target market in as many ways as possible, and you need to measure the results and regularly eliminate what doesn’t work.
Mistake #5 - Not following a long-term business building strategy
• What do you want your business to look like 2 years from now? Go ahead and picture it.
• How many paying clients would you like to have?
• How many hours would you be working?
• How much money would you like to be making?
• How much help (outsourced or employees) would you have?
• How much free time would you like to have?
Once you have this wonderful picture in your head, it’s time to build a strategy to get there as quickly as possible. Otherwise you’ll end up like many self employed people—pretty much in the same place 2 years from now that you are today—usually selling time for money with no passive income stream.
If you’re making any of these mistakes, don’t feel bad. There are many others in the same boat. But now you have the knowledge to avoid them in the future and really move your business in the right direction.
Mistakes That Can Flat Line Your Small Business Sales - To learn more about this author, visit Janis Pettit's Website.
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People are talking about a recession and that means fear is in the air. Well, if you want your small or solo business or practice to flourish anyway, make sure you’re not making any of these common mistakes.
Mistake #1 Focusing on only one or two profit strategies
If you only have sales and profit coming into your business from one source—say advertising for example—you’re leaving thousands of dollars on the table.
Mistake #2- Not understanding how and why people buy
You’ve got to understand why someone would choose you over your competitors so you can get their repeat business. And you need to know how they buy and when they buy. This is about research. Once you know what they want or need you can give it to them, not the opposite.
Mistake #3- Not thinking outside the box
Do you want to be like everyone else or do you want to be extraordinary? If you do, you better show people how you’re unique and fresh. Otherwise you won’t stand out in the over crowded, too-much-information marketplace.
Mistake #4 - Not developing and using a proven system for your marketing
You can throw money and time away on “shot in the dark marketing”, where you just try this and try that with no idea if it will work, or you can implement a proven system that will work time after time and give you a return on investment for every marketing dollar you spend. You need to spend your marketing dollars narrowly focusing on reaching your target market in as many ways as possible, and you need to measure the results and regularly eliminate what doesn’t work.
Mistake #5 - Not following a long-term business building strategy
• What do you want your business to look like 2 years from now? Go ahead and picture it.
• How many paying clients would you like to have?
• How many hours would you be working?
• How much money would you like to be making?
• How much help (outsourced or employees) would you have?
• How much free time would you like to have?
Once you have this wonderful picture in your head, it’s time to build a strategy to get there as quickly as possible. Otherwise you’ll end up like many self employed people—pretty much in the same place 2 years from now that you are today—usually selling time for money with no passive income stream.
If you’re making any of these mistakes, don’t feel bad. There are many others in the same boat. But now you have the knowledge to avoid them in the future and really move your business in the right direction.
Mistakes That Can Flat Line Your Small Business Sales - To learn more about this author, visit Janis Pettit's Website.
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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Dave KurlanDave Kurlan is the founder and CEO of Objective Management Group, Inc., the industry leader in sales assessments and sales force evaluations, and the CEO of David Kurlan & Associates, Inc., a consulting firm specializing in sales force development. Dave has been a top rated speaker at Inc. Magazine's Conference on Growing the Company, the Sales & Marketing Management Conference and the Gazelles Sales & Marketing Summit. He has been featured on radio and TV, including World Business Review with General Norman Schwarzkopf, in Inc. Magazine, Selling Power Magazine, Sales & Marketing Management Magazine and Incentive Magazine. He is the author of Mindless Selling and Baseline Selling – How to Become a Sales Superstar by Using What You Already Know about the Game of Baseball. He created and wrote STAR, a proprietary recruiting process for hiring great salespeople, and he writes Understanding the Sales Force, a popular business Blog and is a contributing author to The Death of 20th Century Selling and 101 Great Ways to Improve Your Life, Volume 2. - Visit Dave Kurlan's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website |
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George LudwigGeorge Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance. Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson. His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more. George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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