Archive for the ‘Marketing’ Category

Are You Ready to Hire a Salesperson?

To many business owners, hiring salespeople is a frustrating process.  It can also be tremendously expensive.  In fact, numerous business owners report they have hired their company’s “first salesperson” multiple times!

The good news is that there are several simple rules, processes and procedures that can give you the best chance of success when hiring a salesperson.  Knowing when and if your company is ready is important.  As is being prepared to both manage and train the new salesperson or salespeople once he/she is on board.

Are you ready?

Before bringing salespeople on board, ensure that the current staff can handle additional customers.  First, seek to improve the company’s productivity by instituting processes and procedures, then by investing in tools and software that reduce man hours.

Be prepared

Failing to plan is truly planning to fail when hiring salespeople.  Ideally, your company should be able to make all of the following five statements prior to hiring.

  1. The company’s sales process is clearly and completely documented in an understandable, teachable way.
  2. A training program for new salespeople has been outlined and formalized.
  3. Cash reserves exist that are equal to six months of a salesperson’s total compensation
  4. The company’s operations and/or service delivery is process driven, adequately staffed, and able to deliver
  5. The company has created a sales management plan to devote adequatetime to the task of managing salespeople

So, do you think you are ready to hire a salesperson?  If you are stay tuned for Part 2 – Finding the Right Salesperson for Your Business.

Photo Credit:  hugovk

Crafting the Perfect Elevator Speech

Elevator_SpeechPerfecting your pitch is both an art and a science in which the speaker must clearly describe the product or service he or she offers, the problem it solves, and how it differs from the competition.  Here are some tips to help entrepreneurs polish their pitch:

  1. Keep it short. You only have about 10 seconds to capture someone’s imagination.  When someone is asking you what you do, what he or she is really asking is “What can you do for me?”
  2. Remember your audience. Understand who it is you’re trying to attract and say something that’s meaningful to them.
  3. Keep it simple. Even if your field is technical, try to keep it concise.

5 Steps to Convert Contacts Into Contracts

Following is a list of tips to help you, fellow entrepreneurs, best position your company to landing contracts and growing your business.

1.  Understand the company’s needs or pain point so you can ease, if not eliminate, their pain. So, who likes pain? No one.  Find out a company’s pain points externally through researching via the Internet, news articles, trends within the industry, and government or industry mandates.  Internally, you may want to have multiple contacts inside the organization because if you’re connecting with someone in the IT department, for example, you may find out that a pain point is in technology – a need that you can provide as a service.  Through your external and internal research there may be something of value that you can offer to that particular client through innovation or cost-saving mechanism.  Make sure to include that information in your request for proposal (RFP) process.

2.  Sell the value of your company to the appropriate audiences you are approaching. As an entrepreneur, you’re always selling your products and services through phone conversations, Websites, e-mails, social media and marketing materials, but it’s key to know your audience.  Know that your pitch to a law firm will be different from your pitch to a fashion boutique owner.  If you are selling to different audiences within the organization, the same rule applies.  If you’re talking to someone in the Purchasing Department, understand the key objective of any purchasing group – to save the company money.  Sell the value of how your company’s product and services can help save the company’s bottom line.

Social Media Marketing Tips on How to Build Fans and Increase Followers

Most social media campaigns are focused on the amount of friends, fans or followers; however, oftentimes we forget that we need to increase the engagement levels of our friends, fans and followers. Surveys, contests, and promotions are all great ways to build your follower count and increase your engagement. Following are tips and ideas I have seen effective for small businesses:

Offer a “buy one-get one free” promo to the first 5 people who answer a question about your company or your product on Twitter correctly. This will prompt people to send you tweets while they learn more about your company, product or service.

Offer a gift card to your store to a randomly picked Facebook Fan every month. This builds your fan base and keeps them coming back every month.

Marketing and Selling You!

Photo: Alvimann

The transition from losing a job to looking for a new one can be daunting.  It can also provide the opportunity to step back and reassess your skills, strengths and weaknesses as seen through the eyes of potential employers.  Taking a look through the marketing lens, here are valuable tips on how to market the product “you.”

What are the “you” features and benefits? When evaluating a product, people ask, What will this bring into my life?  How does it differ from the competition?  How much does it cost? The same apply to your job search.  How do you make yourself stand out from all of the other job applicants?  What are your bells and whistles?  What features or skills, stand above the rest for these target employers?  Will those help a prospective employer’s business?

Answering these questions requires an in-depth look at your past.  List all the things you do well and like to do, whether or not you have been paid for them.  People often miss an employment opportunity because they incorrectly believe they cannot make a living doing something they like.

How do you sell “you?” It pays to put serious time and effort into an innovative resume.  Be creative but truthful as you write this “You” sales tool.  Discard your “This is what I have always done and how I have always done it” attitude.  Today’s market requires flexibility and open-mindedness.  A job may require on the job learning, travel or telecommuting.  Be sure to consider any community services or volunteer work that you have done.  It’s possible this will resonate with an employer.

Are your skills in demand? It makes no sense to seek a a retail job in an area where stores are closing.  If you can’t find what you want where you are, you may have to relocate.

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