Business Advisor Edmonton

Why your Sales Strategy has Failed?

Sales are the essence of every business. It facilitates business and financial growth, which are the ultimate goals of every business owner. Moreover, it also allows you to gain a competitive edge and boost brand recognition. The sales strategy has transformed over the years. In the past, sale was a one-way process, which involved a salesperson throwing information at the prospect to gain a sale. But, today, the customer is an equally important part of the process. Hence, an effective sales strategy not only aligns with business plans but also identifies and addresses the customer needs. If you are suffering a failing sales strategy, here are a few reasons to help you identify mistakes and revise it.

Not Addressing Customer Needs

The customer is the king for any business. As mentioned above, your customer is an equally important part of your sales process. Your sales strategy was unsuccessful because it may be too focused on selling your products or service and not on the consumer need. Hence, you must hear them and address their needs by providing information and solutions to their problems. When customers believe their pain is clearly understood, they will then focus on sharing more information and understanding your products or services.

Overpromising the Deliverables

For an effective sale, you must believe in the product or service on offer. Keeping this in mind, many sales people get overconfident and overpromise the deliverables on offer. Most often this is done when project timelines are overpromised just to convert the prospect. This can have a negative impact, in the case of a scenario where you fail to deliver your best. Whether you are promoting a product or trying to sell a  service, ensure you make a deliverable promise. It is best to promise 80% and then deliver 100% rather than promising more and failing to deliver.

Unavailability and Not Following-up with Leads

Sales strategy often fails because the required person is not accessible in the time of need. This can turn the customer off and ruin your business reputation. Moreover, many salespeople get leads but fail to follow-up with them. A sales process does not end until you get a definite yes or a no. This does not mean you need to nag the customer every few hours. After the first sales call/meet is done, give them a day or two before you get back to them.

Bad First Impressions equals Failure to Sell

Being in a trades business, your employees have to face clients on a regular basis. Their behavior when servicing clients can make or break your sales efforts. Your employees must understand the importance of their words, tone, and body language. To avoid negative implications, hire employees who have good basic interaction skills. You may also train them in behavioral aspects and manage their appearance to ensure a good brand image and better sales.

Sales are not restricted to selling a product or service. Factors like brand image, customer retention, business strategies must all be considered while forming a sales strategy. Implementing these tips will help you revise your failing sales strategy. Consulting a business advisor will be helpful in avoiding selling mistakes and to gain tips on improving your sales.

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