Whatever Happened to Promoting?
There are lots of ways wherein an organization can enhance its profits. For example it could lower costs, if there are any left to cut; suppliers could be squeezed if there is any juice left within the orange; acquisitions, mergers and disposals are other ways of accelerating income; and of course let us not forget restructuring and refocusing, the favourite phrases in press releases, as companies try to persuade analysts that the extraordinary cost on their P & L was justified. Most if not all, of the above are costly, some extremely costly, some are quick term and a few potentially dangerous.
In our opinion there is another way, and maybe it is taken with no consideration – and that is to promote more, promote higher, and promote faster. In spite of everything greater volumes, higher margins, and improved money move aren’t removed from most executives’ priorities, and these are the benefits that come from selling more, selling higher and selling faster.
Also it is comparatively cheap to implement. “No it’s not!” is the cry from the pissed off CFO who after three years implementing a CRM system at a preposterous cost, continues to be ready to see some bottom line benefits. “Oh no it’s not!” is the cry from the equally pissed off HR Director as he journeys over a pile of unused gross sales training manuals and strategic selling charts. This will appear a little harsh, and it in all probability is, however weren’t there good gross sales people before the introduction of IT programs and complex gross sales techniques?
A lot is written within the business pages and journals about all facets of business, however so little about selling.
The basics of selling are easy; discover a prospect who needs one thing you need to promote, and has the money to pay for it. Persuade them of the value of your proposition, counter their objections and ask for the order. Sales people flourish in an organisation where there is a clear business plan with realistic targets, a well defined, unambiguous gross sales strategy, a strong value proposition, and a supportive management environment. If a company has these attributes a well managed and motivated gross sales power will do the execution.
The subsequent time you’re planning a strategic assessment to reinforce shareholder value, or simply to enhance income, make sure you ask the question, “Whatever occurred to selling?”
Armand has been writing articles online for almost 2 years now. Not only does this writer concentrate on Business and sales, you can even take a look at his latest website on how one can practice a canine the fitting way yourself at residence,and information about dog training, dog obedience training and dog behavior problem.