Sometimes it can be hard to appreciate or even remember that asking and looking for what you want in the business world is perfectly okay and in fact it will help you discover the hidden strategies on how to improve sales.
Presumably, you know the nuts and bolts of getting sales off the ground but lately you’re aware that they could be better. So what to do? There are at least 80 ways of generating leads. However, as a starting point, make sure that you are actively implementing four fundamental marketing activities: proactive referral campaigns, building a strong online presence, understanding your customer acquisition costs and developing strategic alliances. If you do those four well, any business can generate enough leads to keep their enterprise in great shape.
Let’s start with referrals. What’s one thing many of us do online when we are researching products and services? Read the reviews and testimonials. Referrals are the key to any successful business and if you can turn your top customers into raving fans of your business, then you have gone a long way to ensure the long-term viability of your business.
Buyer behaviour has changed tremendously in recent times. Research now shows that around 60 per cent of the buying decision is made before someone even picks up the phone to speak with a sales person. There is so much information available online, deciding which business to work with is easier than it’s ever been. It goes without saying that companies with a strong online presence consistently find new customers at a higher rate than their competitors that don’t.
How do you view your marketing? Is it an expense or an investment? Gaining customers is an investment and it is vitally important for businesses to understand this. You don’t just get customers, you buy them! When you have that mindset, you begin to understand what you need to spend your marketing budget on. Know what acquisition cost is allowable and then test and measure you activities to know which ones are a good investment.
One of the greatest avenues for generating leads for your business is other businesses. Working in strategic alliances with other businesses that sell to the same group as your target customer, but sell a different product, can be very beneficial to all concerned.
So it’s important that you begin by looking through your current database to see how you can generate more leads from your existing customers. Remember, these various hidden strategies to improve sales are there for the taking.
We have helped hundreds of businesses implement sales strategies that have provided a massive impact on results. If you would like to implement the right strategies that drive the right results in your business, check out this eBook for sales and marketing here. Or book a session in with one of our Business Coaches here.