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Great Sales Tips and Sales Motivation How to Overcome a Selling Slump
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| Guest post by: Christine Corelli |
Article Overview: Fretting and worrying will not help you when your sales are down. They will hold you back. You cannot excel at anything unless you keep yourself in the right frame of mind. This requires balancing your ability to be realistic and objective, controlling your emotions, and working harder.
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Great Sales Tips and Sales Motivation How to Overcome a Selling Slump
If you are experiencing a selling slump,
it's a tough situation indeed. A decline in sales is not only
challenging to your cash flow and hurtful to your commission check, (not
to mention your ego) but it can make both you and your company
vulnerable to your competition. What to do?
Sales have been down for many businesses
especially retailers, manufacturers and real estate professionals. The
causes are changing markets, fierce competition and slow housing starts.
So it's very easy to place blame there. But regardless of what business
you're in, what should you do? Wait for the phone to ring? Go through
the motions of your job and wait for things to turn around? Jump on
customers the moment they walk into your store? Cut prices? Worry to the
point where your lack of confidence is written all over you when you're
interacting with your customers, employees, and coworkers? Of course
not. And when it comes to worry keep this in mind:
"Worry is like moving on a rocking chair. It keeps
you going but gets you nowhere."
Below are methods and mind-sets to put you
in the right frame of mind and get you back on track when sales are
down. If you have been fortunate and have been meeting or exceeding your
sales goals, you may still wish to review these to be sure you stay on
the right track. Remember the Number One rule for successful businesses
and sales pros: Never get too comfortable where you are. Your
competitors are vying for the business of your customers, and new
competitors are emerging daily--many from non-traditional sources
boasting new business models that challenge the Status Quo. The moment
you think you're ahead of your competition, they will have the
advantage.
Stop Fretting, Eliminate Negative
Thinking, and Take Action. Fretting and worrying will not help you
when your sales are down. They will hold you back. You cannot excel at
anything unless you keep yourself in the right frame of mind. This
requires balancing your ability to be realistic and objective,
controlling your emotions, and working harder.
Excessive worry will block you from
functioning effectively and keep you from putting your best foot
forward. And, it will block your creativity--something you need more
than ever when sales are down. Consider this: Will worrying or negative
thinking change the outcome of what will ultimately happen? What if
everything you're worrying about will work out fine? What if you will
have an abundance of opportunities to win new business if you were to
take a stronger and more creative approach to sales or take a risk with a
great new campaign? What if the efforts you make today are going to pay
off for you in the near future?
If you begin thinking that you won't make a
sale, then you probably won't. If customers sense your apprehension or
pessimism, then they'll look toward another provider who thinks, acts
and talks like a winner.
If your "get up and go" got up and went,
get it back. Get on the phones and start dialing. Spend more time with
face-to-face customer contact. Call on old accounts you think have
bitten the dust, but might reorder.
Sound optimistic and convincing. Act like a
winner, even if you haven't won the race for a while. Just like a
thoroughbred that wears blinders to keep his eyes on the finish line
without getting distracted, forge ahead on "blind-faith" that you'll
succeed. You will. Remember:
Fretting and worrying will not get you where you want
to go.
Striving to be optimistic and taking action will.
Become a Chameleon - Accept Changing
Business Environments, and Fierce Competition. When its environment
changes, the chameleon's biological process enables it to adapt readily
to its environment. Unfortunately, for human beings, it's not quite so
easy. But the longer you resist the changes that are occurring and the
fact that you need to sharpen your skills, take risks, and do things
differently the longer it will take for you to see sales results. You
need to accept "what is," adapt, and forge ahead.
Tap into Your Creativity. It's not
uncommon to get stuck in a rut when sales are down. So, if you're
hearing, "I'm not interested," get interesting! Think about changing
your approach when interacting with customers. Stop trying to sell, and
start "helping." Talk to customers in terms of what's important to them.
Tell them about similar businesses you are helping. Think of
alternative methods of developing new business. Tap into new markets and
consider new ideas for advertising, marketing and promotions.
Differentiate yourself from your competition. Look at what successful
businesses are doing in your industry. Find out what's working for the
and figure out how you can apply what you learn and make it work for
you. Bring creative ideas to your existing customers too. They'll thank
you for it.
Sound Sharp. Also, think about how
you sound when you're talking to customers. Do you sound confident in
your self and positive when conveying value to customers? Do you sound
empathetic to your customers' problems and that you genuinely want to
help them? Do you sound like you have their best interest at heart? Do
you sound like every other person who sells your product or service? If
you do, find a reason to call other than, "Can I help you with your
needs?" Or, "Are you ready to order at this time?" Or, "Have you looked
at the brochure we sent?"
If you are in retail sales, how about if
every time a customer walks in your store, instead of saying, "May I
help you?" (How boring!) Say,"Hi! I'm Mary. Would you like me to direct
you to the sale items?" Or, "Hi! I'm Mary, can I show you any particular
item or answer any questions for you?" Then, hand them a coupon for a
10% discount just for walking in the door.
Go Back to Basics. You remember
what that means: It is doing the activities you did when you first got
started that gave you results. One of them was staying on the phones
until you made a connection, booked an appointment or made a sale. Great
sales people instinctively know they must spend time "dialing for
dollars" to existing and potential customers to get out of a negative
sales period. If there aren't enough incoming calls, there must not be
enough going out! So if your phone's not ringing ask yourself: How many
calls am I making? If your phone is quiet, it was because you're not
making enough calls.
Muster up the discipline to spend several
hours on the phone each day to help generate business to get you out of
the quicksand and onto solid selling ground. The best business
development and salespeople know that whether business is down or
whether they're soaring high, they still need always the discipline to
get on the phones and hustle or for sure it will fall off.
Hone Your Selling Skills. Master the
Art of Influencing Customers to Buy From YOU. Your ability to
influence others is not only an art, but a science. You can win-over
today's tough customers and get results faster by understanding and
applying the concepts and theories in the "art" of influencing people.
Use a consultative selling approach by asking the right questions and
using words and phrases that influence customers to buy. Memorize your
responses to objections, and learn how to clearly articulate the
benefits of your products or services.
(We have been overwhelmed and delighted
with your response to our book, "The Art of Influencing Customers To Buy
From You — the most complete book on sales communication ever written,
and the accompanying workbook. Thank you! Together they are ideal for
self study or sales training —or your team.)
Get Visible. Here's something I've
often heard: "I used to visit a lot of customers and attend events, but I
don't have time anymore." Physically calling on customers and attending
business events are likely activities that helped you get established.
You may need to do go back to those practices to get up and running
again. If business is down, make more face-to-face appointments, attend
networking events, meetings, trade shows, chamber of commerce functions
or association functions where you can meet potential customers, learn
about your industry, build relationships and form strategic alliances.
Be selective where you spend your time and money but remember that
visibility is important. It's often the face-to face interaction that
bonds a relationship. There's just no substitute for knocking on doors.
Reconnect. Reconnect with your
advocates. When sales are down for a long period, visit customers,
suppliers, and industry contacts who know you and love you. Don't be
shy. Graciously and confidently ask for referrals and more business.
Don't tell them you're in a slump. Tell them about the customers you
have who are saving money, increasing productivity and receiving quality
products and services from your firm. Tell then how you exceeded
expectations for a particular customer and that you can do the same for
them. The efforts you make to maintain strong business relationships can
pay off for you when you need it the most.
Spend Time Forming New Relationships.
Calling on new customers (even those you believe are loyal to your
competitor) will help you get out of a slump and move you toward
long-term profitability. While results don't always happen overnight, if
you keep calling on potential customers and work hard at building
relationships, when the time comes for them to buy you'll be the one who
will get their business.
Maximize Your Productivity. Here
are a few hard questions to ask yourself if you've been in a slump: Have
you been working efficiently but not effectively? Have you been very
busy and working hard during a slump, but haven't been getting results?
Then you haven't been effective. Have you been spending too much time
going after small accounts, without consistently striving to get
business from larger accounts? Are you spending too much time reading
non-business e-mail instead of calling on customers and potential
customers?
Remember the 80/20 Rule: "20 percent of
your customers will generate 80 percent of your business." Are you going
after the right 20 percent every day? Have you thrown in the towel too
soon? Would just a few more times at bat give you the home run? Take a
good hard look inside yourself. Have you been procrastinating on taking
action to get out of a slump?
Have you been making the best use of your
time? Have you prioritized your to-do's each day and done them first?
What percentage of your day have you spent in non-sales related
activities? Are you organized? If you don't have effective
organizational skills, get them. Your alternative is to agonize over why
your sales are not where you want them to be.
Create a Sales-Service Excellence
Culture. If your sales are down, maybe it's not because of changing
markets, increased competition, or because you haven't been working hard
enough. Maybe its because not everyone in your company recognizes that
they, too, are "in sales" no matter what their job role. Maybe they
don't realize that they play a strong role in developing the reputation
of your company, and helping you get repeat business and establish high
levels of customer loyalty. Is it time for culture change in your
company? If so, change it.
(To purchase our brand new booklet to
assist you and your team with a step-by-step process on exactly how to
create a dynamic culture--complete with places to write ideas, guiding
principles for sales-service excellence, action steps, and more)
Set, Reset, and Work Toward Reset
Goals. Have you lost sight of your goals, or worse, failed to set
them? Big mistake! Even the most sophisticated executives set goals.
Setting goals is a way of making things concrete. It's a sure way to
focus your energy if sales are not where you want them to be. Get into a
non-business setting where you can think clearly and there will be no
distractions. Sit down and write down your goals, and what action you'll
take. Establish your priorities, and set goals so that you'll move
forward. For example, "I will make 10 phone calls per day to existing
customers, and 20 to potential customers." "I will study my industry and
check out my competition on the Web at 1/2 hour each day."
Not your style to set goals? Even the most
sophisticated business professionals set goals. Write them down and
look at them each day. Make sure your goals are specific in nature, as
opposed to something as generic as "increase sales." Review your goals
regularly, such as every 30 days, to analyze your progress. And while
you should strive to achieve all of your goals, it makes sense to revamp
them if needed.
Invest in yourself. Spend more time
and energy on learning new skills and self-improvement. Bring in a
sales expert to provide customized training for you and your sales team
to learn critical skills. Don't wait for your annual sales meeting. If
sales are down, now's the time to do it! Take a refresher course on
sales training, enroll in an advanced sales training program, or take
advantage of training offered by your trade association. Whatever you
choose to do, make it priority to be dedicated to continuous
self-improvement and focus on improving your skills. It just might pay
off more than you could ever imagine.
Brainstorm with Your Sales Team.
Analyze your "Best Sales Practices" and share the information with your
entire sales force. If you sell through dealers, or your sales force is
situated across the country, do it through e-mail, or hire someone to do
it for you. Urge your dealers to redouble their efforts and do what has
worked in the past to increase their sales, and everything they didn't
have the time to do when times were good.
Outshine Your Competition. Portray a
higher level of service in every aspect of the business process. Listen
more talk less. Provide more knowledge, offer more ideas and help them
more than your competitors. Become the "go-to" person for help, and
position yourself as an ongoing and valuable resource to customers. End
each encounter with these words, "I really appreciate your business. Is
there anything more I can do for you today?" Develop an obsession for
turning out your best performance with every encounter, with every
customer, every day!
Alleviate the pressure- Being in a
selling slump can be challenging, but it doesn't have to ruin your life.
Laugh a little. Let your customers see you smiling. If you can get your
customers to laugh, your chances of making that sale will improve.
Think and Act Like a Champion.
When you are with a champion, you can't
tell whether things have gone well for that person the previous hour,
day, week or even month.
Real champions are excited about life. They're confident.
They know that whether they're having a good day or a bad day, it will
change,
But what won't change is their superior performance regardless of
circumstances.
They're happy. They bring their own sunshine to the picnic.
They don't let little things bother them. They don't let the ants ruin
the picnic.
If they are frustrated about their job, they still put their best foot
forward.
If they have a difficult day they know the next will be better.
If they have a problem, they solve the problem.
If they have conflict with a team member, they resolve it.
If they see someone needs help, they help them to become better
performers.
If they miss out on an opportunity, they wait for the next.
If they lose a deal, they go after the next.
Then they go after the next one...
and the next one...and the next one until they finally WIN.
Learn the secret to sales success.
There is no mystical, magical secret to sales success. It comes from
hard work. But if there were a secret, it would be simple:
Believe in your company, its products
or services,
its people, and yourself.
Then, make your customer feel that same belief.
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