Sales Posts

How to increase profit in our business - 1Sales

Introduction

How to maximize profits is on the minds of most business owners. There are only two ways to do this: increase prices or reduce costs. You cannot simply say that you are going to increase the profit of your business without a specific strategy. All you can do to increase profits is to improve the variables that ultimately determine your profitability. Consider the following strategies to make more money for you and your business in 2021.

1. Improve your website

People are using your website to research your company before doing business with you. Can you improve their experience and build their trust so they can use your product or service? There are four things you should clearly do on your website:

Explain who you are and what you sell
Entice a potential customer to buy
Make it easy to buy a product or service
There is a way to easily contact sales or customer support with questions

2. Invest in your business

At first glance, you would hesitate to put more money into your business. Especially when you’re trying to figure out how to make more money, not less. Often, especially in times of turmoil where new opportunities arise, the best decision is a short-term price for long-term payments.

3. Increase your advertising

You will not hesitate to spend money on advertising. Maybe you’ve been burned by a marketer in the past who promised results and didn’t get results. Or you tried advertising yourself, such as Facebook ads, and you don't think it works.

4. Raising prices

Both of these strategies are a thoughtful and unpleasant option in today’s economic environment. Still, sometimes, to stay in business, you need to raise prices. To determine the price, consider:

How much does it cost you to make a product
How much does it cost to deliver
Costs for running a business - including administration and employee salaries
Competitive price
The last time you raised a price

After reviewing this data, determine a possible reasonable price increase. Include any pricing data in your business plan so that if you choose to review it later, you can.
Next, deliver this increase to customers. Explain why you came to this decision. If there’s any way to add value to a product without cutting a profit, do it and let customers know they’re getting more.

5. Follow the 80/20 rule

The 80/20 rule is to focus your most important efforts on your most valued customers. The idea is that 20% of your customers usually bring in 80% of your revenue; These are the people you want to focus on.
On the flip side, 20% of your customers frequently present 80% of your problems. Identify those problem-customers and fire them to free up your time on more positive business activities.

6. Cut costs

One way to think about reducing costs is to consider the profit leverage effect (PLE). P.L.E. The idea is that every dollar saved in the production of goods or delivery of services adds a dollar profit to your bottom line without selling too much.
Check your current processes to reduce costs:

Are there areas where you can improve efficiency?
Negotiate cheap products or services?
Will adopting new software or renting a service save you money in the long run?

We will see more points in our next tutorial.

November 08, 20203 minutes author

Ankit Kalathiya

How to explain the tricks to close your next dealSales

Introduction

Persuasion is a method of communication aimed at influencing the attitudes, beliefs, or behaviors of others. In terms of sales, understanding usually occurs when a sales representative tries to convince a prospect that their product or service is the best solution to their problem.
Let's review the persuasion strategy you can implement today to close your next deal.

1. Personalize your message

If you want to explain the possibility of considering your product, resist the request to follow the general sales script. When you make excessive rehearsal noise or don’t share messages or information that seems to suit your prospect, your efforts go to one ear and go to the other.
This doesn't mean you need to fully wing your sales calls, it does mean you need to be prepared to adjust your message based on what interests you in the potential.

2. Focus on problem-solving

Instead of telling the prospect all the reasons why they should buy your product (which may feel pressure and emotion), focus on sharing all the reasons why your product can help them solve their problem. By focusing on their concerns and locating your offer as a solution, you are showing the value of your product without excessive pressure.

3. Give social proof

Letting your past customers sell to you - knowing when to take advantage of social proof can be a powerful persuasive trick.
While buyers may take your point as a sales representative with a grain of salt because they know you want to sell, they are more likely to trust a testimonial or story from a previous customer who was looking for a similar solution.

4. Assume goals

Picture: You feel ready to call your sales call. You think you have a solid understanding of who the prospects are and what they are looking for. Your notes have been typed and you are ready to close the deal.
Then during a call, potentially throws out several turns, asking you questions and mentioning objections that you weren’t prepared to account for - the dream of every sales rip. But don't go too far. This is a valuable learning experience.

5. Empower empowerment decision making

After all, you want your customers to buy from you because they really want to, not because they feel pressured. And let’s be realistic - including your prospects, don’t like to tell anyone what to do, so you’ll avoid being too direct in your approach. As a sales representative, it is your job to provide the context and information that makes your product a thought-provoking product.

6. Make personal connections

It's a basic rule of human interaction - we're all ready to trust and engage with people we really love on a deeper level. While buyers can choose your product or brand as a sales representative, you are the main source of human engagement representing your company.

7. Don’t rush into the process

Last but not least, don't rush your prospect through the sales process. We get it - you have goals on a regular basis. However, effective persuasion should seem natural to the prospect. They do not feel pressured or rushed to sign the dotted line. This doesn’t mean you can’t implement a sense of urgency or be on time - in fact making a little sense of urgency (such as paying a special price for a limited time) can be an effective trick.

October 16, 20203 minutes author

Ankit Kalathiya

How To Grow Your Business - 2Sales

Here is part one of How To Grow Your Business - 1

Introduction

You can only develop products and services that are very effective if you pay attention to the needs of your customers and prospects. One way to understand exactly what your customers want is through research and surveys.

8. Create a sales funnel

The first way to grow your business faster is by creating a sales funnel. If you do not have a sales funnel, you are making a big mistake. Sales funnels can help automate your business.

It helps you grow and grow quickly and easily. Sure, there are some front-end functions involved. Is natural. But, once those processes are suspended, they will travel easily from there.

9. Use a customer management system

Manually tracking transactions is difficult. No one wants to do that. It becomes a burden as the business grows. If you want to scale quickly, use a customer management system.

10. Competition research

When going to the market, and you are really looking to get your offer out to the public, you need to research the competition. Frasier says he uses two platforms to do his own research. The first is the same web.

11. Create a customer loyalty program

Loyalty programs are the best way to increase sales. It costs three times more to acquire new customers than to sell something to an existing customer.

Other resources pin this number anywhere from four to 10 times more. However, whichever way you cut it, getting new customers is expensive.

12. Identify new opportunities

Analyze new opportunities in your business by better understanding your demographics. Understand everything from distribution channels to your direct competitors, and also analyze overseas markets and other potential industries.

With the right amount of potential analysis, you are likely to immediately pursue dozens of new opportunities.

13. Create an email list

One of the best and most effective ways to grow a business quickly is to create an email list. Clearly, that means you need to have a lead magnet.

14. Think of the franchise model.

If you have a successful business, and you are trying to grow really fast, consider franchising it. Although franchise costs are high and moving towards a franchise model is complex and it takes a lot in marketing, how can it all make a difference if you are looking for really fast growth.

September 15, 20202 minutes author

Ankit Kalathiya

How To Grow Your Business - 1Sales

Introduction

1. Understand your customers

You can only develop products and services that will be a big hit if you pay attention to the needs of your customers and prospects. One way to understand exactly what your customers want is through research and surveys. You should constantly invite them to give honest, brutal feedback.

Reviews and surveys are the best way to get into the minds of your customers. This makes it easier for you to develop products and services that are appropriate to the current demands of the market. Moreover, it helps you understand the area in which your company needs to improve.

2. Improving customer service

If you do not provide quality customer service, it will be difficult to satisfy your customers even if you have an excellent product or service. This aspect of the business is about taking extra steps to make them feel special. Let your customers know that they have value. If they have a problem, make sure you address them immediately. If they have questions, take the time to answer.

They should not feel that things are difficult for them if they raise specific issues. Social media is the best way to listen to and understand your customers. If they find customer service satisfactory, they may also recommend buying others from your business.

3. Establish loyalty

It takes time to encourage customers to come and buy what you offer. But just buying them is not enough. You need to promote loyalty. Considering there are other competitors who can offer them better, you want them to stay loyal to you. Don’t be satisfied just because you already have a lot of loyal customers.

They can easily be attracted to other options and they can leave you. Provide loyalty rewards. If there are discounts and discounts, let these most loyal customers be the first to know. You must make sure your customers know they are appreciated.

4. Focus on professional development

The success of your business also depends on the quality of the employees you hire. Building an effective team is the key to making sure your business grows.

One of the best ways to motivate hardworking employees is to give them a sense of purpose. They should not feel that they have to work just to work.

5. Understand your customers

Find ways to increase the sales of your existing customers. It's much cheaper than finding a new one. Even if you can't expand your product line, you can still sell more of your existing product or service to a client you already have. An easy way to do this is by volume discount.

6. Participate in networking events

Take the time to build your networks - it's not what you know but who you know. Networking allows you to build relationships with other people and encourage customers to refer to you through words.

7. Give back to your community

Creating brand awareness in your local community is a great way to attract new business. Consider participating in a sponsorship or community event to enhance your business profile.

We will see more points in our next tutorial.

September 07, 20203 minutes author

Ankit Kalathiya

How to Keep Your Customers Happy & Increase Repeat Project - 2Sales

Here is part one of How to Keep Your Customers Happy & Increase Repeat Project

9. Know your products and services

Customers want to work with knowledgeable employees. Learn all you can about your products so you can be better equipped to answer customer questions. If you are unsure about something, ask for help.

10. Treat your customers individually

Not all customers are the same. Every customer has individual needs and concerns and they want to be treated with a personal touch that doesn’t make them feel like a number. Communicate the way your customers want to communicate.

11. Make it easy for your customers to complain

Your customers seem to have heard, especially when they are frustrated with the service they have received. Customers know what they like and at least about your service. Ongoing surveys are a reliable and consistent approach to getting feedback but don’t miss the opportunity when you’re with a customer. Just asking you sends a beautiful message about how you value your customers and their feedback.

12. Thank your customers for every opportunity you get

Thank you very much for your customers. Thank you for calling, bringing payment, meeting you at their home, calling for help, and yes, calling for a complaint! For many, there are options available and they chose your company over the competition.

13. Never accept your customers

Your customers are your business!

14. To be active

Don't wait for your client to reach you. Reach out to them in more than one way. Improving the first call resolution cases of the customer problem will improve the overall customer experience. Create a complete self-help interface, in which customers can solve their problems manually.

15. I will take responsibility

Tell your customer that you understand that you have a responsibility to ensure a satisfactory outcome of the transaction. Assure the customer that you know what she expects and will deliver the product or service at the agreed price. There will be no unexpected charges or costs to solve the problem.

August 03, 20202 minutes author

Ankit Kalathiya

How to Keep Your Customers Happy & Increase Repeat ProjectSales

Introduction

Increasing customer loyalty is a requirement of any organization. If a recurring project is found, the organization develops. Do not require to generate new leads. The cycle of the company runs from the existing customer and scales the company.

1. Keep in touch

Keep in touch with each client every few months to make sure everything goes smoothly. During a class or meeting, ask about your client's challenges. Issues you can resolve. They are more likely to turn to you when they need you.

2. Create high-quality software

One of the best ways to keep customers coming back is to always develop high-quality software. You can do this by meeting the expectations of your customers and also by making sure that they are satisfied with your work. Help your customers save money and get rid of waste, ultimately deliver huge profits for them, and possibly do more business for you.

3. Listen carefully when your customers are speaking to you

Try to give your customers your undivided attention. Multi-tasking is often. When customers are in front of you, make eye contact.

4. Collaborate with clients

To ensure quality in the software you develop and keep your customers happy, you should encourage collaboration with your clients. Meet with them and ask questions so you can fully understand use cases for the software you are developing. Bring new ideas to make suggestions on how to make improvements.

5. Demonstrate time management skills

Tracking time is also key to the success of a project, you should be able to provide detailed reports to your clients for the time spent on their particular projects. They’ll be more likely to hire you again if they see you’re organized and working efficiently.

6. Keep your promises to your customers

When you tell your customer you are going to do something, follow-up as quickly as possible. Given the time frames and honor them.

7. Don’t waste your customers’ time

Everyone is busy. Complicated voice mail systems, making customers repeat their service requests more than once and un-knowledgeable employees are some major time-wasters. A customer’s time is as important as your time!

8. Ask your customers what they want

Constantly ask your customers what you can do for them and how you can do it better. They want extended hours, academic classes, or the ability to talk to the manager. After you ask, try to give them what they want and keep them informed of the process along the way.

We will see more points in our next tutorial.

July 07, 20202 minutes author

Ankit Kalathiya