CRITICAL SKILLS FOR SUCCESSFUL SALES (Part 1: Know The Simple Formula For Marketing)
Nov 18, 2014
CRITICAL SKILLS FOR SUCCESSFUL SALES
(Part 1: Know The Simple Formula For Marketing)
Probably the most valuable skill to learn is how to market yourself effectively so that you do not have to sell at all!
THERE IS A VERY SIMPLE FORMULA:
It’s simple math: The more marketing you do, the less selling
effort you have to deal with.
S/M = Sales Effort(S = Sales, M = Marketing)
If you currently spend equal time selling and
marketing your product or service, and then
decide to invest twice the amount of time marketing yourself, your product or
your service, then you will end up expending
half the effort!
The more quality effort you spend marketing, the
less you have to physically sell. Prospects
put up their hand and come looking for you
instead of you having to go out and find them.
Sales effort is physical, time-consuming, fraught with objections and requires great personal skills and time management.
Marketing is leveraging your message to as many
of your target prospects as possible without your physically having to do it
yourself.
Develop a set of marketing strategies, test them and execute them, and the sales will come to you rather than your chasing the sales.
It doesn’t matter how many sales calls you make: You will never get to as many people as a well-placed headline in a magazine aimed at your target market.
Nor will you ever be able to compete with a website that is receiving thousands of hits a day.
ANOTHER FORMULA FOR THOSE WHO HAVE TROUBLE WITH THE MATH:
S (Sales) x M (Marketing) = $Results(Double “M” and spend half the time
on “S”!)
It’s critical to learn how to balance your week
between actively selling in front of live prospects
or customers and developing a referral stream through your
marketing efforts.
Basically, it’s the art of having sales
opportunities come to you. And perhaps even more important, it’s the
process of increasing the odds that leads will
convert to sales.
This was adapted from “SalesDogs: You Do Not Have to Be an Attack Dog to Explode your
Income!” by Blair Singer, top sales and leadership coach.
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