sales.

The simple truth to increasing sales; follow up, follow up, follow up!

Did you know that the majority of sales leads and enquiries do not get followed up more than once (which could be why your business has a low conversion rate*)? To improve your sales or that of your sales team, develop a system to regularly check where each one is at and when they were last contacted. If you hold sales meetings, doing it at the beginning or end of each month is perfect.

Here are some statistics that I'm sure you will find most interesting:

  • 48% of sales people never follow-up with a prospect
  • 25% of sales people make a second contact and stop
  • 12% of sales people only make 3 contacts and stop
  • Only 10% of sales people make more than 3 contacts
  • 2% of sales are made on the first contact
  • 3% of sales are made on the second contact
  • 5% of sales are made on the third contact
  • 10% of sales are made on the fourth contact
  • 80% of sales are made on the fifth to twelfth contact
To ramp up some sales in the next couple of months, go through all the leads you have received over the last 3-6 months and either you or your sales people pick up the phone and call them. You will be surprised how many people haven't done anything, simply because no one has bothered to follow up and they have simply been too busy to do anything about it.

* Your sales conversion rate is how many enquiries you receive vs. how many you convert into customers over a specified time frame. To calculate your sales conversion rate follow this simple formula

Total No. of Sales/ Total No. of Enquiries x 100 = Sales Conversion

e.g. 100 sales / 80 enquiries x 100 = 80%

Author:.

This sales article was written by Karen Andrews, Director of Shine Sales Solutions, a Sydney based Sales Coach, Strategist and Sales expert that works with businesses to increase their sales through strategy development, sales coaching and mentoring.

Specialising in sales strategy, business development, sales effectiveness and sales training Karen is committed to making the changes that will inspire, motivate and help you realise your sales goals and potential. Get more free sales t...

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