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Today I’m going to talk about the lack of close dates or inaccurate close dates. Technically speaking you could say the lack of close dates or inaccurate close dates IS bad data and you’d be right. An accurate close is at the heart of a strong pipeline. sales reps feelings.
Many decades ago, the theory about how to close deals faster was to use a trial close, followed by increasing pressure, regardless of your prospective client’s objections (which were unresolved concerns). The most popular theory now is to improve your sales velocity, the speed at which you complete “the sales conversation.”
Working with Barb Giamanco over at Social Centered Selling, we set out to find out what impact, if any, social selling, that is using social media as part of the selling process, had on revenue and quota attainment. Simply put, social selling and social media increase revenue and sales people’s quota attainment.
This article was no exception, especially when they were writing about the salesprocess. According to Wikipedia - A salesprocess is an approach to selling a product or service. There is an “engineering” view of the salesprocess.
Originally published on Amadeus Insights Germany-based tech company provides AI solutions that empower hotels worldwide to automate meeting and group sales across distribution channels January 21, 2025 – Amadeus, a leading global travel technology company, has announced a minority investment in hivr.ai
Like your hard drive, if the pipeline gets messed up or filled with crap, everything slows down and in the case of sales that means revenue. The key to fast and efficient sales pipeline is preventing crap from clogging it up. Inaccurate close dates or no close dates. Inaccurate close dates or no close dates.
When deals get stuck in the pipeline, revenue is delayed, close rates decrease and quotas are missed. They have no idea what stage deals are in, how long they have been there, when they are supposed to close, the average length of time it takes for deals to close, what their win loss rate is or what their win loss percentage is.
One is to demonstrate how the CRM can help the sales person close more deals and accelerate the salesprocess. Having sales people use the CRM to improve their selling is ideal. However, creating this environment is an individual effort specific to the company, the sales person and the salesprocess.
Traditionally, I would tell you that in our business of selling business consulting services – specifically, evaluating sales teams, helping companies hire better sales people, sales training, and sales management development – the sales cycle is anywhere between 3 and 9 months. Guaranteed! Audiobook on Qualifying.
Traditionally, I would tell you that in our business of selling business consulting services – specifically, evaluating sales teams, helping companies hire better sales people, sales training, and sales management development – the sales cycle is anywhere between 3 and 9 months. Guaranteed!
Through the partnership and integrations, Thynk and Cvent are “powering a more seamless, integrated group business management experience that reduces manual workload, ensures high-quality lead management and accelerates response times to close deals faster and increase group salesrevenue,” according to the companies.
5 Direct Sales Activities that Lead to Sales Success? 7 More Sales Core Competencies. What’s Your Funniest Sales Story Ever? Sales Core Competencies I. Four ‘Have To’ Strategies for ClosingSales. Sales Core Competencies II. Maximize the Initial Sales Call: The 3 rules. SaleProcess (2).
5 Direct Sales Activities that Lead to Sales Success? 7 More Sales Core Competencies. What’s Your Funniest Sales Story Ever? Sales Core Competencies I. Four ‘Have To’ Strategies for ClosingSales. Sales Core Competencies II. Maximize the Initial Sales Call: The 3 rules. SaleProcess (2).
5 Direct Sales Activities that Lead to Sales Success? 7 More Sales Core Competencies. What’s Your Funniest Sales Story Ever? Sales Core Competencies I. Four ‘Have To’ Strategies for ClosingSales. Sales Core Competencies II. Maximize the Initial Sales Call: The 3 rules. SaleProcess (2).
5 Direct Sales Activities that Lead to Sales Success? 7 More Sales Core Competencies. What’s Your Funniest Sales Story Ever? Sales Core Competencies I. Four ‘Have To’ Strategies for ClosingSales. Sales Core Competencies II. Maximize the Initial Sales Call: The 3 rules. SaleProcess (2).
By automating many of the time-consuming aspects, like room block management and rate tracking, hotel teams can operate more efficiently, maximize revenue from group stays, and focus on creating exceptional guest experiences. STS Cloud delivers unparalleled performance to help you thrive in today’s competitive sales environment.
5 Direct Sales Activities that Lead to Sales Success? 7 More Sales Core Competencies. What’s Your Funniest Sales Story Ever? Sales Core Competencies I. Four ‘Have To’ Strategies for ClosingSales. Sales Core Competencies II. Maximize the Initial Sales Call: The 3 rules. SaleProcess (2).
We’re going to focus on the low-hanging fruit to drive sales and get revenue.” One of the reps shared she was going to focus on “low-hanging” fruit to help drive Q1 revenue. ” If she could find the companies she was talking about, the sales cycle would be shorter and she could close deal faster.
The best sales people spend their time searching out problems and solving them. Problems keep us from closing the deal. Problems create declines in revenue. Problems keep processes from working the way they should. Problems keep our customers from growing their business. Problems keep us from beating the competition.
Defining Roles During a conversation between Cory and Kristi, they discuss the disparities between sales managers and trusted advisors. Kristi says, “A sales manager is essentially an order taker who focuses solely on closing deals. ” Sales managers often compete on price, as it is their main selling point. .
For more on controlling the process, see The Lost Art of Closing: Winning the 10 Commitments That Drive Sales ). No more pushy sales tactics. The Lost Art of Closing shows you how to proactively lead your customer and close your sales. Get my 2nd book: The Lost Art of Closing. "In
New opportunities created means you are adept at the exploration conversation about why your dream client should change in a way that allows them to engage with you on what is sometimes a tricky conversation—and often the conversations that cause them to buy from you long before you get to the Commitment to Decide (what you know as closing).
5 Direct Sales Activities that Lead to Sales Success? 7 More Sales Core Competencies. What’s Your Funniest Sales Story Ever? Sales Core Competencies I. Four ‘Have To’ Strategies for ClosingSales. Sales Core Competencies II. Maximize the Initial Sales Call: The 3 rules. SaleProcess (2).
I spent a good portion of my Christmas vacation working with a rep, while I was on the ski slopes, trying to finish the last bit of legal wrangling with a customer in order to close a deal. Head of sales, (EVP’s, SVP’s or VP’s) have two responsibilities in Q4. revenue growth. margin/margin growth.
5 Direct Sales Activities that Lead to Sales Success? 7 More Sales Core Competencies. What’s Your Funniest Sales Story Ever? Sales Core Competencies I. Four ‘Have To’ Strategies for ClosingSales. Sales Core Competencies II. Maximize the Initial Sales Call: The 3 rules. SaleProcess (2).
(For the sake of clarity, I’m defining scaling a sales organization as a fundamental restructure to accelerate revenue growth. I don’t consider simply hiring a few more sales people as a scaling.). You are unable to drive the leads, close the deals, penetrate the territory, capture new industries, etc.
A search for news will bring you a list of content to provoke you, news being highly sensationalized as a way to increase clicks and revenue. Get my 2nd book: The Lost Art of Closing. "In If you search for partisan politics, the algorithm will show you more content designed to be politically divisive. Whose programs are they?
He leans back in his chair, runs his hands through his hair and says; “I need help getting this client to close earlier. ” He went on to say, “I want them to close BEFORE the upgrade.” ” I asked him why and he said he just wanted to get the deal to close. That’s pretty much it.
5 Direct Sales Activities that Lead to Sales Success? 7 More Sales Core Competencies. What’s Your Funniest Sales Story Ever? Sales Core Competencies I. Four ‘Have To’ Strategies for ClosingSales. Sales Core Competencies II. Maximize the Initial Sales Call: The 3 rules. SaleProcess (2).
There are ways to speed up your salesprocess, many—if not most—are unhealthy. You can rush through the process, not giving the conversations your client needs to have the appropriate time and attention. You get the revenue sooner, and your client receives the better outcome they need faster. Slow Down Your Process.
They open the second lemonade stand, but to speed the revenue growth, they hire an agency and begin marketing. They’re still losing money on every cup of lemonade, but their revenue is doubling every six months. Get my 2nd book: The Lost Art of Closing. "In Soon, the kid and his advisor need another round of funding.
New partnership streamlines group bookings, event management, and catering to boost hotel efficiency and revenue Charleston, SC –SalesAndCatering.com and Cloudbeds have announced a two-way integration that will empower hotels, resorts, and conference centers to optimize hotel group sales and event management.
Going into the world and displacing competitors, creating new opportunities, winning those opportunities, retaining clients, and growing revenue isn’t easy under the best of circumstances, let alone adding to it unforced errors. But the modern approach to sales is even more challenging to execute well. No more pushy sales tactics.
The place I see sales management fail the most (just behind hiring “A” players) is pipeline management. This failure has tremendous impact on revenue. It is sales leaderships job to be the grease that moves opportunities through the pipeline. Sometimes it can be a sales management problem.
A potential owner will recognize the immediate investment opportunities, with significant revenue potential in such a vibrant, thriving setting that attracts tourists from around the world-year round. The closing date is scheduled for May 29, 2025. Resort Lists for Sale appeared first on Hotelier Magazine.
Each year I grew revenue levels over the previous year – but not by a lot. ” – which invariably translated into 20 percent increase in revenue – to “How can I achieve 200 percent growth this year?” He had closed about $2,000,000 in 2009 and was among the top performers in his company. million.
Winning their business will move you very close to reaching your goal, and they’re engaged in the sales conversation with you now. But before you decide that revenue is all that matters, look for these ten sure-fire signs that your dream client is a nightmare. Your BB salesprocess prevents you from taking them as clients.
When it comes to sales, the fortune is in the follow-up. But when it comes to closing the sale and confirming the business, follow-up is often the key. Earlier in the salesprocess, ask when will be a good time for follow-up, or when they expect to have a decision. We can farm out proposals left, right and centre.
Because the algorithms are designed to keep you on a platform for as long as possible to maximize the revenue from ad sales, the content you see isn’t randomly shown to you, but instead intentionally placed in front of you. Get my 2nd book: The Lost Art of Closing. "In Essential Reading!
The sales department in a hotel plays a prominent role in maximizing a hotel’s revenue. But is having a sales department enough? You need a group of people who understand sales and go out of their way to drive measurable and incremental revenue. But again, how do you build a winning hotel sales team?
If you are a sales organization, performance might start with goals around acquiring your dream clients with a certain amount of revenue as the outcome. Get my 2nd book: The Lost Art of Closing. "In No one can hit a target they can’t see. Execution starts with goals and outcomes. Essential Reading!
It’s a critical part of every effective salesprocess, and yet, sometimes that very discussion causes us to get “off track” and lose focus on the objective of the call. Welcome to this week’s Sales Brew about “The Money Problem” - overcoming the reluctance to ask the tough questions. Keep a full pipeline. Show me the money.”.
As a sales leader, if you are diligent in understand these four areas; people, process, strategy, product and the market you’re doing OK. We’re too close to the day-to-day issues and challenges that we don’t pick our heads up and evaluate things from the big picture. Are they getting the desired results?
Increase your average revenue per deal. The amount of business you close can never be bigger than the amount of prospecting you do. Don’t get caught in the prospect, close, prospect, close, prospect cycle. Be doing both, that way there is always a steady flow of deals to close. Look for hidden opportunities.
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