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One Minute Business Checkup

What’s happening to the value of sales people?

In his famous book Wombat Selling, Michael Hewitt-Gleeson says ‘there’s no such thing as closing the sale!’ During a talk to leading insurance salespeople, Michael even offered $100,000 if some one could come on stage and close him.

Needless to say no one was able to and he kept his $100,000

So this made me think…

What is the real value a salesperson brings to an organisation and how might that be changing?

If the salesperson can’t close a sale then what is their role in the sales process?

Michael Hewitt-Gleeson also put forward the thought that a sales person’s role is to make enough ‘check moves’ so that the prospect can close themselves.

He describes a sales process made up of ‘check moves’.

A ‘check move’ is defined as ‘a customer contact of any kind.’

So following this process sales people need to have great follow through and discipline so that the ‘check moves’ are consistent and continuous.

But there is an issue..

Most prospects are incredibly busy these days and therefore don’t want to take multiple face to face visits from a sales person.

More and more ‘check moves’ are being done online which can be mechanised through the thoughtful use of auto responders.

This means that some of the value of salespeople is being transferred into online software and those increased costs must be paid for by the business.

Unless this value is recovered in sales the additional costs will mean a reduction in profitability.

I doubt whether any sales person would want a reduction in salary but it is clear that part of their function is being taken online where it is far more efficient and costs effective.

Do you have any live experiences on this?

How are you going about recovering the additional costs of developing your online presence?

What’s the secret to getting quickly to financial issues in my business?

In today’s fast paced world getting the right information fast is critical to maintaining a winning edge in business.

Today Andee discusses how to quickly get to the heart of financial issues in your business, and reveals three points to look at for a fast reading on how your business is going.

The Vlog series comes from One Sherpa an online global membership community dedicated to helping small business owners succeed and prosper.

The series is filmed on location around Melbourne, Australia and answers questions commonly asked by small business owners.

This video is filmed from Grants Picnic Ground and answers the question ‘What’s the secret to getting quickly to financial issues in my business?’

Don’t fall for the trap of ‘bells and whistles’

When new technology is around it is easy to fall into the trap of buying the ‘bells and whistles’ without carefully analysing where the technology fits in your business and what it might be replacing.

Let’s take the example of a website

We all know that it is very important to have a website but what did you have in marketing before websites came along?

Where were you spending your marketing dollars before you decided to invest in your website?

Did you spend money on a business brochure which has now been replaced as an online brochure inside your website?

Have you simply doubled your marketing costs by having an online brochure as well as an offline brochure?

Why don’t you do a review and work out which marketing initiatives are bringing in the most inquiry and look to rationalise your marketing spend rather than simply continuing to add to it.

What is your story on this?

Have you found a better way to spend your marketing dollars in this area?

How can I see my business budget quickly?

Being able to see where you are going when driving a car is pretty important to your survival, right! Well the same applies when driving your business.

Today Andee shows you how you can see quickly, and at a glance, what is going on financially in your business and how you are travelling compared to your plan or budget

The Vlog series comes from One Sherpa an online global membership community dedicated to helping small business owners succeed and prosper.

The series is filmed on location around Melbourne, Australia and answers questions commonly asked by small business owners.

This video is filmed from Olinda and answers the question ‘How can I see my business budget quickly?’

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