The Fundamentals of Growing Revenue

Written by Jim Logan


If you want to grow your company's revenue,repparttar most critical thing to get straight in your mind is that there are in fact only three ways to grow revenue - you can get more new customers, you can increaserepparttar 127125 value of your average sale, and you can get more repeat business. That's it...there are no other ways.

This sounds simple enough - and it is!

You need to keep this reality onrepparttar 127126 forefront of each marketing and sales activity you undertake and target one or more of these ways to grow revenue in each campaign you undertake to seek more business. Use it as a "litmus test" for each prospective customer interaction and communication.

Get More New Customers Getting more new customers is a result of successfully executing on two broad objectives - increasing your prospective customer's awareness of your offering and communicating with your customer from their perspective ofrepparttar 127127 benefits of your product or service. If you can achieve these two things, you can increase your number of new customers.

Increase Your Prospective Customer's Awareness of Your Offering More than just simply creating leads, creating awareness is about establishing a brand. You have to be known for something, you need a message, and you need a "voice" that speaks consistently about your benefits and why customers should want to do business with your company. By consistent, we mean your "voice" should be heard from your web-site, presentations, tag-line, mailers, sales letters, demonstrations, etc.

Communicate From Your Customer's Perspective Put yourself inrepparttar 127128 shoes of your customer for a moment. Looking at your offering from their sole perspective, what exactly does your product or services do for them? Forgetrepparttar 127129 products and services you provide, these are justrepparttar 127130 things that enablerepparttar 127131 benefits you provide your customers. Think instead aboutrepparttar 127132 solutions you are providing,repparttar 127133 use of your products and services,repparttar 127134 "things" within their business that you're enabling. These arerepparttar 127135 "things" that your customers are really buying.

A huge mistake many companies make inrepparttar 127136 presentation of their products and services is made in their initial contact and meeting with a customer. The initial contact isrepparttar 127137 encounter wherebyrepparttar 127138 customer is first introduced torepparttar 127139 products and services your company offers. The mistake is most company's introduction of their offering focuses on their products and service, not onrepparttar 127140 benefits they offer their customers. What happens in this case isrepparttar 127141 prospective customer has to interpret everything they are being told aboutrepparttar 127142 features and functionalities of a product or service into something that is meaningful to them. This interpretation is where many sales opportunities are lost;repparttar 127143 customer doesn't understand what they gain by employing your offering.

The main point here is that you need to be sure you're presenting your products and services inrepparttar 127144 context your customer is thinking: "What do I get from using your products and services?"

Increaserepparttar 127145 Value of Your Average Sale You can likely sell your current products and services at a greater price than you are today. We've found time and again opportunities to actually increaserepparttar 127146 price of an offering or stay out of a "price-discounting" discussion with a prospective customer, even in a highly competitive sales environment.

"What'srepparttar 127147 secret?" The "secret" is to sell from your customer's perspective and getrepparttar 127148 buying criteria focused on your "orange."

Selling from your customer's perspective means you forgetrepparttar 127149 speeds, feeds, features, and functionality of your offering. Instead, you communicate fromrepparttar 127150 benefits your customer is most likely to value as a result of using your product or service. This point could never be over stated, you need to communicate fromrepparttar 127151 perspective your customer brings torepparttar 127152 conversation.

The greatest sales "mistake" you can make is to be so rapped-up in your own offering, all you do is talk, present, and demonstrate endlessly about how great your product or service is...speaking tirelessly aboutrepparttar 127153 wonderful features and functionality you offer. All this does is leaverepparttar 127154 real selling up to your customer, making them interpret your features and functionality into benefits they value.

Stop Being a Salesperson

Written by Jim Logan


There is absolutely nothing wrong or immoral about being a salesperson. That being said, we have too many salespeople in sales organizations and not enough businesspeople.

Salespeople tend to focus on themselves andrepparttar products and services they sell. Businesspeople focus on solving business problems and opening new opportunities, focusing onrepparttar 127124 outcome ofrepparttar 127125 solutions they employ rather thanrepparttar 127126 technical details ofrepparttar 127127 products and services they offer.

Stop being a salesperson and become a businessperson when you engage with your prospective and existing customers. Place emphasis and communicate with your customers onrepparttar 127128 benefits they will realize from use of your products or services. Add value by solving business problems and creating new opportunities.

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