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Related articles
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Over 80% of Consumers Use Net to Research Furniture, Appliance Purchases |
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California, Texas Residents Have Highest Discretionary Income;
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Mother's Day
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ADVO
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Retailers Consider New Strategies
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Demand Rising but Outlook
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Finding the Path to Sales Effectiveness |
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Why It's Difficult for Marketers to Reach
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Arkansas
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Marketing
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Interview with David Ingram, CEO RTO Enterprises |
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Selling
effectively in today's business environment means building
mutually valuable, long-term customer relationships -- the
true differentiator in the sales process
Sharon Daniels, AchieveGlobal CEO
"Selling effectively in today's business environment means
building
mutually valuable, long-term customer relationships -- the true
differentiator
in the sales process," says Sharon Daniels,
AchieveGlobal CEO.
To help
organizations build the kinds of customer relationships that
ultimately win
more sales, AchieveGlobal has identified a clear path to sales
effectiveness,
based on more than 40 years of research and experience. Steps
along the path
include:
* Clarifying the organization's value proposition. "The role of
a
salesperson is to identify, understand and engage customers who
need and value
what a sales organization provides," says Daniels. This requires
a clear view
of the value proposition and the ability to communicate it to
current and
potential customers. While a company's value proposition
previously might have been articulated from a product or
solutions standpoint, Daniels observes that extensive
commoditization has given the salesperson a crucial role in the
value an organization offers its customers.
* Finding the right customers. However, with many customers
moving toward
self-service channels, reverse auctions, procurement committees
and other
arms-length buying models, sales organizations must identify
those who are
willing to entertain deep relationships with suppliers, Daniels
says. Then the
organization can segment and prioritize according to mutual
value -- the value
customers place on its services, as well as the value the
organization places
on them.
* Developing a relationship process. The next step is to define
the types
of relationships an organization's sales force should be
building with
customers. "A formal relationship process defines all of the
selling
activities and resources needed to acquire, grow and retain a
connection with
a specific kind of customer," says Daniels. "While long-term
relationships can
be costly, the payoff includes longer-term revenue streams,
insulation from
competition and less vulnerability to price pressures."
* Building a supportive sales organization. The ability to form
higher-
level customer relationships can be inhibited by a contradictory
sales
culture, misaligned compensation systems or nonintegrated
software tools,
Daniels notes. "To ensure sales effectiveness, organizations
need to reexamine
sales strategies, culture and infrastructure, all of which
support
relationship processes," she says.
* Equipping individuals to do their part. Although strategies
and
processes are important, customer relationships are built by
individuals,
notes Daniels. As such, organizations need to critically examine
the behavior
of their sales resources, all of whom must know, care about and
be capable of
performing their roles. "Skill development should be tied to the
sales
strategy, to compensation and rewards, to performance management
and to
coaching," says Daniels. "Sales leaders are an important part of
this
function, which is why many organizations are focusing on
leadership skills."
A journey, not a destination
Above all, it's important to remember that customers change, as
do their
needs and expectations, says Daniels.
"Effective sales organizations will adjust their strategies,
foster their
cultures, examine their infrastructures and ceaselessly develop
and monitor
the knowledge, attitudes and skills demonstrated by their sales
teams," she
says. "Only through constant attention to these critical factors
will sales
organizations generate the organizational and individual
effectiveness needed
to acquire, grow and retain the kinds of customer relationships
that yield
mutual value."
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lease-purchase trade. RTO Online (Rent to Own Online) represents the choice
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