How Will You Respond To A Prospect Who Asks About Price?

How Will You Respond

When you’re a salesperson, there’s nothing like the feeling when your inbound line rings. When prospects call you, they’re actively seeking you out, which means they have a pre-established interest in the goods or services you sell. Common Questions One of the most common questions prospects will open the conversation with you is, “How much does your product or service cost?” When you field an incoming call, how do you normally respond to this familiar question? If you’re like many, you explain your pricing structure and tell your curious prospects that they can get X, Y, or Z for an affordable fee of just X number of dollars per month. While that typical reply certainly answers the question, it will normally elicit a response that goes something like this, “Thank you for the information. I’ll need to think it over and get back to you.” How often have you heard this but never could reconnect with the prospect? The mistake many salespeople make is taking a prospect’s question about price at face value. When prospects call you, they want to […]  Read More

What Good Managers Know About Holding Their Sales Team Accountable

Being a good manager means passing the Goldilocks test: not too hard, not too soft, but just right. Accountability can be difficult for managers to implement, especially if they did not have good managers themselves when they worked on a sales force. Everyone wants to be a good manager, but definitions of the term can vary. Ultimately, a good manager is one whose sales team is successful every quarter. There are a lot of factors that go into creating that level of success, however, and accountability is an important one. Fear of Confrontation Can Hinder Performance Some people see a good manager as one who gets along with everyone on the sales team. He doesn’t hassle anyone about unconventional work styles, scream about monthly quotas or demand reams of unnecessary paperwork. If it is important to you to be this kind of good manager, you are probably reluctant to hold underperforming members of your team accountable. You are not alone, though. According to a recent Harvard Review study, 46% of managers worldwide are not good at holding their teams accountable. […]  Read More

Web Seminar: 3 Ways to Knock Out Competitor Relationships

DATE: Thursday, February 2, 2017 TIME: 11 am EST (8 am PST) LENGTH: 30 minutes Register Here What do you do when a prospect tells you, “We’re satisfied with our existing vendor relationship?” Should you… Nitpick your competitor’s weaknesses? Overwhelm prospects with a laundry list of all your best attributes (in 30 seconds or less)? Beg for an opportunity to just hear you out? Give your prospect such a low-ball price, that they’ll just have to do business with you? ABSOLUTELY NOT. Your prospect will stop listening to you. Register Now Existing vendor relationships The truth is, most prospects are not thrilled with their existing vendor relationships. They’re stuck in a state of complacency and have already tuned you out. If only there was a way to get your prospects to listen… We have the answer First, you must get your foot in the door. Second, learn to shake things up — get prospects out of their status-quo mindsets. And third, motivate prospects to think about the “what ifs” and that things really can be better. Join sales expert Paul Cherry for […]  Read More

The Top Five Reasons Why Sales Training Doesn’t Work — and How to Fix It, FAST

An astonishing 85% of sales training falls short of delivering on its ROI. Additionally, approximately 80% of new skills are lost within one week of training if they are not used, and about 87% of skills are lost within a month of training if they are not used regularly. Sales are the lifeblood of a company. Without steady sales, companies fail. Yet, some sales teams receive little, if any, training. Others receive inadequate one-hour seminars and are told they have just completed sales training. Is it any wonder why sales training doesn’t work? The best salespeople in the world are akin to Olympic-level athletes. However, companies treat them as if they can simply hit the ground running and sell, sell, sell without any training at all. Consider how many hours go into training for the Olympics. An Olympic gymnast trains for years before hitting the mat with her teammates. We should do no less for our sales leaders. There are many reasons why sales training doesn’t work. The right sales training techniques, however, can help your sales team train for […]  Read More

Sales skills crisis: why your salespeople need training now

sales training trends

This is a repost of an article by Karen McCandless on Oct 28, 2016 at Two million. That’s the number of jobs in the US manufacturing industry that are likely to go unfilled over the next decade due to a skills gap. 66%. The percentage of companies that have trouble recruiting sales staff with the necessary skills. Two thirds of CIOs believe there is a talent crisis in the world, yet there is surprisingly little talent innovation.   But… 92%. That’s the amount of salespeople who say that sales training has increased their selling abilities. 40 per cent of employees who receive poor job training leave their positions within the first year, according to a recent survey. Yet… Only two thirds of employers provide training and the annual total they spent on this has fallen by $2.9 billion since 2011. 92% of salespeople who say that sales training has increased their selling abilities (Gartner Research) With a talent crisis and a major sales skills shortage looming why are companies not investing in training their sales staff? Paul Cherry, sales […]  Read More

Is there a Silver Lining or Another Dark Cloud in 2017?

Will 2016 repeat itself in 2017 for Sales Professionals? Oh no! If you achieved your sales goals in 2016, congratulations. For others, it’s been a challenging year. According to Kiplinger Washington Editors, GDP for 2016 limped along at 1.4%. Slowing Asia growth and Brexit fears have created weak demand abroad for US-made durable goods. The year 2016 has been a challenge The election year has been a distraction, forcing many companies to wait and see who gets elected and assess what the new administration’s agenda will be. Certain sectors have gotten whacked. Oil and gas exploration bottomed out. Agriculture commodity prices dropped which have squeezed margins for many farmers. Brick-and-mortar retail sales have been sluggish with lots of overstocked inventories. Healthcare premium rates have increased from 10% to 25% on average. The stock market reached record highs, but for many investors the returns have been lackluster. Now that we made it through 2016, what’s in store for you in 2017? No need to sweat! The indicators for 2017 are looking good US economy ramps up at a 2% growth pace. […]  Read More

Paul Participates In the Mannequin Challenge

Some of you may have heard about the newest internet trend, the mannequin challenge! The challenge involves groups of people to pause mid-action during various activities to create a unique video in which participants appear to be frozen in time. Foxx Life Sciences partnered with Paul Cherry to participate in the challenge! Can you spot Paul and his book, Questions That Sell?  Read More

Free Webinar — Identify the GAP to Propel Sales Team Performance in 2017

Date: Thursday, Dec 8, 2016 Time: 3:30 pm – 4:00 pm EST  (12:30 pm PST) Speaker: Paul Cherry Register Now It’s a new year, a fresh start, which means we can soon put 2016 behind us. But now’s the time to get your sales team charged up so they can hit the ground running and make 2017 their best year yet. What’s the best way to get your sales team pumped up for 2017? Give them a pep talk? Entice them with an “extra carrot”? Jack up performance goals? Tell your team to “do it or else”? The answer… “none of the above” Join Paul Cherry in this exclusive (free) webinar as he shares with you how to motivate your sales team using the GAP Conversation Tool. A four-step process, the GAP Conversation Tool allows you to quickly and easily engage your sales team on how to: Encourage them to set high performance goals. Develop clear and concise action steps to achieve them. Recognize any potential barriers that could impede their efforts. Plan and strategize to ensure the right outcomes.  Read More