Tag: sales training program

3 Reasons Why You Should Train Your Sales Team This EOFY

Posted on | by Sienna Anderson

Has your business ever experienced a decline in sales? Perhaps you have noticed team morale has dropped, or maybe your company has recently had a high turnover of staff.

It may be time to consider engaging with a Sales Trainer to implement a sales training program for your sales team.

Three Reasons Why You Should Consider Training Your Sales Team

The best sales trainers will tell you that training your sales team at the end of the financial year (EOFY) can provide many benefits.

Here are three key reasons why you should consider training your sales team during this period:

1. Maximising Performance and Revenue

The end of the financial year is a critical time for businesses to achieve their revenue goals.

Training your sales team during this period can help them:

• Refine their skills
• Learn new strategies
• Stay up-to-date with the latest sales techniques

By equipping your sales team with the necessary knowledge and tools, you can enhance their performance, increase their productivity, and ultimately drive more revenue for your business.

Effective training can help them to:

• Close deals more effectively
• Negotiate better terms
• Overcome objections
• Lead to improved sales results

2. Capitalising on New Targets and Budgets

The start of a new financial year often brings new sales targets and budgets.

Training your sales team at the EOFY enables them to familiarise themselves with the upcoming targets and understand any changes in the budget allocation.

By aligning the team’s skills and strategies with the new targets, they can better plan their sales activities, identify potential opportunities, and effectively allocate their resources.

This proactive approach to training ensures that your sales team is prepared to ‘hit the ground running’ as the new financial year begins.

3. Addressing Skill Gaps and Adapting to Market Changes

The business landscape is constantly evolving, and it’s essential for sales teams to adapt to changing market conditions.

The EOFY provides an excellent opportunity to assess the performance of your sales team over the past year and identify any skill gaps or areas for improvement.

By conducting targeted training sessions, you can address these gaps and equip your team with the skills needed to excel in the upcoming year.

Whether the training is for:

• Improving their product knowledge
• Enhancing their negotiation skills
• Leveraging new sales technologies

An effective Sales Trainer will provide modern training that can help your sales team stay competitive and adapt to market changes effectively.

Training your sales team during the EOFY comes with many benefits.

By investing in your sales team’s development and providing them with the necessary tools and knowledge, you can empower your team to achieve better results, drive revenue growth, and stay ahead of the competition.

Contact KONA today to discuss a tailored Sales Training program for your team!

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6 Ways To Lessen The Effects of Inflation Impacting Sales

Posted on | by Sienna Anderson

As inflation continues to affect various sectors of the economy, businesses are looking for ways to lessen its effects on sales.

Here we will discuss six ways that businesses can mitigate the effects of inflation on their sales.

Upsell & Cross Sell

Upselling and cross-selling increases the overall revenue generated from each customer transaction.

Upselling – encourages customers to purchase a higher-priced item or a more expensive version of a product they are already interested in.

By persuading customers to spend more money, upselling can increase the average sale value and the overall revenue generated per transaction.

This increased revenue can help offset the impact of inflation on the cost of goods sold.

Cross-selling – involves recommending related products to customers to encourage them to make additional purchases.

Cross-selling can help increase the total amount customers spend on their purchases, and can help offset the impact of inflation by increasing revenue generated per customer.

Combining these two strategies can help businesses mitigate the impact of inflation on sales.

Upselling and cross-selling can help businesses build stronger relationships with customers by providing them with a better shopping experience and meeting more of their needs.

Ultimately this can lead to increased customer loyalty and repeat purchases.

Upselling and cross-selling

Increase Prices Strategically

A common response to inflation is to increase prices – but businesses need to be strategic about how they do this.

Consider the cost of goods sold, the competition, and the impact on customer demand.

A small price increase might be more effective than a large one.

It could also be phased in over time to minimise the impact on customers.

Implement Cost-Cutting Measures

Businesses can look for ways to reduce their expenses by:

  • Negotiating with suppliers
  • Reducing waste
  • Finding more efficient processes

By cutting costs, businesses can maintain their profit margins despite rising prices.

Offer Discounts and Promotions

Offering discounts and promotions is another way to mitigate the effects of inflation.

Customers are more likely to buy when they feel they are getting a good deal.

Businesses can offer sales, coupons, or other promotions to incentivise customers to buy despite rising prices.

It’s important to note that discounts should be strategic and well-timed, or they could hurt profit margins.

Diversify Your Product Line

Expanding your product line can help to lessen the effects of inflation.

If prices are rising for a particular product, businesses can offer alternative products or services that are less affected by inflation.

This way, they can still generate sales – even if customers are cutting back on spending for certain items.

Focus On Customer Service

Focusing on customer service can help mitigate the effects of inflation.

When customers feel valued and appreciated, they are more likely to continue doing business with a company, even if prices are rising.

By providing excellent customer service, businesses can retain customers and maintain sales despite inflation.

By providing excellent customer service, businesses can retain customers and maintain sales despite inflation.

Inflation is an economic reality that businesses need to address.

By implementing these strategies, businesses can ease the effects of inflation on their sales and remain competitive in their industries.

Contact KONA today to discuss a tailored Sales Training Program for your business!

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4 Ways To Maximise Last Quarter Sales This EOFY

Posted on | by Sienna Anderson

As the end of financial year approaches, it’s time to start thinking about how to maximise your sales.

Here are four effective ways to boost your sales and end the financial year on a high note:

Offer Special Promotions and Discounts

These promotions can help incentivise customers to make a purchase, especially if they feel like they are getting a good deal.

To make the most of this strategy, ensure that your promotions are publicised through email campaigns, social media, and other advertising channels.

Focus on Customer Retention

Loyal customers are more likely to make a purchase than new customers, so it’s important to keep them engaged and happy.

Consider sending out special offers to your email list or offering loyalty rewards to encourage repeat purchases.

You can also personalise your marketing to make customers feel valued and appreciated.

Increase Your Online Presence

With more people shopping online than ever before, it’s important to ensure that your online presence is strong.

This can include:

  • Investing in search engine optimisation (SEO) to improve your website’s visibility on search engines
  • Increasing your social media presence
  • Creating engaging content for your blog

By improving your online presence, you can reach more potential customers and increase your chances of making a sale.

Free Ways to Increase Your Business's Online Presence | by Tim | Medium

Negotiate And Close Better At A Good Margin

Negotiating and closing deals at a good margin requires a combination of skills, strategies, and tactics.

Here are some tips to help you negotiate and close deals successfully:

1. Research and prepare:

Before entering into a negotiation, research the other party and gather information about their needs, interests, and preferences.

Also, prepare your own objectives, and identify your strengths and weaknesses.

2. Set a clear and realistic goal:

Determine your minimum and maximum acceptable outcomes and identify the range within which you want to negotiate.

Be flexible and creative in finding solutions that meet both parties’ needs.

3. Build rapport:

Establishing a good relationship with the other party is essential to successful negotiation.

Listen actively, ask open-ended questions, and show genuine interest in their perspective. Try to find common ground and build trust.

4. Present your case persuasively:

Use clear and concise language, and back up your arguments with evidence and data.

Highlight the benefits of your proposal and how it meets the other party’s needs.

5. Be willing to compromise:

Negotiation is a give-and-take process, and both parties need to make concessions.

Identify areas where you are willing to give ground and be prepared to make trade-offs.

6. Close the deal:

Once you have reached an agreement, summarise the key points and confirm that everyone is clear on the terms.

Be sure to get everything in writing and include any contingencies or conditions that need to be met.

Remember it’s the EOFY and that successful negotiation is about finding win-win solutions that benefit both parties QUICKLY!!!

How Long It Roughly Takes to Close a Deal in SaaS. And Why.

By following these tips, you can negotiate and close deals at a good margin while building strong relationships with your partners.

Maximise your last quarter sales and end the financial year on a high note.

It’s important to monitor your sales regularly and make adjustments to your strategy as needed to ensure success.

Contact KONA today to discuss tailored training and consulting for your business.

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3 Reasons Why Your Sales Team May Not Be Hitting Targets

Posted on | by Sienna Anderson

 

Sales teams are the backbone of successful businesses, responsible for bringing in revenue and driving growth.

Sometimes sales teams can struggle to hit their targets, and it can be challenging to identify the reasons behind this.

Here are three common reasons why sales teams may not be hitting their targets and what you can do to address them.

Lack Of Clear Goals And Direction

One of the most common reasons why sales teams may not be hitting their targets is a lack of clear goals and direction.

Without specific, measurable, achievable, relevant, and time-bound (SMART) goals, sales teams may lack focus and direction.

This can often lead to a lack of motivation and lower productivity.

Sales teams need:
• Clear goals
• Performance metrics
• Incentives that align with the company’s overall objectives

Sales leaders need to set targets that are challenging but achievable, and regularly communicate progress updates to the team.

Providing regular feedback and recognition to the team members who achieve or exceed their goals will help to motivate the team.

Inadequate Training and Coaching

Sales is a constantly evolving field, and the sales team needs to keep up with the latest trends, techniques, and technologies to stay competitive.

Without adequate training and coaching, sales teams may struggle to keep pace with changing market dynamics. This can negatively impact their performance.

Sales leaders need to provide regular training and coaching to their teams to ensure they have the skills and knowledge needed to succeed.

This includes:
• Product knowledge
• Sales techniques
• Objection handling techniques
• Negotiation skills

Leaders should provide ongoing support and mentorship to help salespeople develop their skills and confidence.

Poor Lead Quality and Insufficient Lead Generation

Sales teams can only succeed if they have high-quality leads to work with.

If the lead generation process is insufficient or the quality of leads is poor, sales teams will struggle to meet their targets.

Sales leaders need to work with their marketing teams to ensure the lead generation process is effective.

This includes:
• Developing buyer personas
• Identifying the most effective lead generation channels
• Optimising the lead scoring and qualification process

Sales and marketing teams should work together to ensure there is a consistent flow of high-quality leads that meet the sales team’s needs.

Sales teams are critical to the success of the business, and it’s essential to understand why they may not be hitting their targets.

By addressing the issues, Leaders can help their teams stay motivated, focused, competitive, and drive revenue growth for the business.

 

Contact KONA today to discuss customised Sales Training for your Sales Team!

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5 Ways To Overcome A Sales Setback And Build Resilience

Posted on | by Sienna Anderson

The occasional setback is inevitable in sales and can often make us feel that we are not making progress.

When the feeling of discouragement after a setback is left unresolved, it can leave you incapable of moving forward and achieving your goals.

There are ways you can recover from a setback and make a comeback!

Five Ways to Overcome a Setback and Build Resilience

Use your setback to form your comeback.

1. Acknowledge the Setback

Everyone experiences a set-back at some point. If you have one, the first step is to acknowledge the problem.

Recognise that there is no turning back and take it as a learning experience.

2. Consider the Worst-Case Scenario


Thinking of the worst possible outcome for a situation can make you feel a little bit better, as well as giving you a better understanding of what happened.

When you experience a setback, it is a good idea to consider what the worst possible outcome would look like.

3. Re-assess your Position

Re-Assess Your Vision for Moving Forward

Once you have thought about the worst possible outcome, you should go back and re-assess your vision for moving forward.

Consider things like:

  • What is the goal I want to achieve?
  • What can I do differently to ensure this doesn’t happen again?
  • How can I learn from this set-back?

4. Learn your lessons and be Resilient

It is most important to maintain a positive outlook when dealing with a setback.

Characteristics that are important in sales include resilience and the ability to adapt in stressful situations.

Learn your lessons from your setback and build your resilience.

5. Remember… Pick up and go again!

Here are some reasons why “Going Again” after a sales setback is so important:

  • Learning Opportunity: Sales setbacks can provide valuable insights and feedback about what went wrong, what could have been done differently, and how to improve for the future. Analysing the situation and understanding the root cause of the setback can help to develop new strategies and approaches.
  • Resilience Building: Going again after a sales setback demonstrates resilience and determination. It’s important to view setbacks as temporary and not as a reflection of personal failure. By pushing through setbacks, sales professionals can build their resilience and develop a growth mindset.
  • Opportunity to improve skills: Facing a sales setback can highlight areas where sales professionals need to improve their skills, such as communication, negotiation, or product knowledge. By addressing these areas and seeking out training and development opportunities, sales professionals can increase their chances of success in the future.
  • Maintaining Momentum: Consistency and persistence are key to achieving sales success. Going again after a setback keeps the sales process moving forward and maintains momentum, rather than allowing the setback to disrupt progress and cause delays.

Prove You Can Turn It Around

Although a setback can be upsetting, you should demonstrate resilience and you prove that you can turn things around.

In business and in life, you are going to have setbacks now and again. What matters most is how you bounce back.

Setbacks shouldn’t stop you from achieving your goals.

Contact the team at KONA to discuss how tailored Sales Training and benefit your team!

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3 Reasons Why It Is Important To Train Salespeople On Humour And Storytelling

Posted on | by Sienna Anderson

The importance of training salespeople on humour and storytelling cannot be overstated.

Both skills can greatly enhance the salesperson’s ability to connect with potential customers and close deals.

Laughing emoji

Here are three key reasons why:

1. Building rapport and establishing trust

Humour and storytelling are powerful tools for establishing rapport and building trust with potential customers.

When a salesperson can make the customer laugh, they create an emotional connection that can go a long way in building a positive relationship.

Storytelling allows the salesperson to showcase their expertise and establish themselves as a knowledgeable and trustworthy source of information.

2. Differentiating from the competition

By incorporating humour and storytelling into their sales pitch, salespeople can differentiate themselves from the competition and stand out in the minds of potential customers.

A well-crafted joke or a memorable story can make a salesperson more likable. This increases the chance of a customer choosing to do business with them over another salesperson.

3. Engaging and retaining customer attention

It’s important to keep the customer’s attention and keep them engaged. Humour and storytelling can help to do just that.

By breaking up the monotony of a typical sales pitch, a salesperson can keep the customer’s attention and make the pitch more engaging and memorable.

A well-told story can help to explain things in a way that is easy for customers to understand.

Training salespeople on humour and storytelling can enhance their ability to connect with potential customers and close deals.

These skills can help to:

  • Build rapport
  • Establish trust
  • Stand-out from the competition
  • Engage and retain customer attention
With vs. without storytelling.

The benefits of training your Salespeople in Humour and Storytelling:

Improved Customer Engagement

Salespeople who are trained in humour and storytelling are able to connect with their customers in a more personal way.

Humour helps to put the customer at ease and fosters a friendly, relaxed atmosphere.

Storytelling allows the salesperson to illustrate a point, share information, and create an emotional connection with the customer.

These skills ultimately, increase the chances of a successful sale.

Increased Credibility and Persuasiveness

Storytelling and humour can help salespeople build credibility and establish themselves as experts in their field.

When salespeople can effectively use humour and storytelling to make their points, they become more persuasive, and their customers are more likely to make a purchase.

Improved Customer Retention

Salespeople who are skilled in humour and storytelling are more likely to be remembered by their customers, even long after the sale has been completed.

This can help to foster customer loyalty and increase the chances that customers will return for future purchases.

By training your sales team in these skills, you can ensure that your salespeople have the tools they need to build lasting relationships with their customers, which is essential for long-term success.

Training your salespeople in humour and storytelling is an investment that pays off in many ways.

By improving customer engagement, increasing credibility and persuasiveness, and fostering customer loyalty, businesses can see improved sales results, increased customer satisfaction, and greater overall success.

Contact KONA to discuss tailored Sales Training options for your team!

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4 Benefits Of Using DISC Profiling In Sales Training

Posted on | by Sienna Anderson

DISC Helps You “blend” With Their Behavioural Style

Use DISC as an effective way to gain the commitment and cooperation of others. See the world from their perspective and “blend” with their behavioural style.

DISC Improves the Sales Force by:

  • Helping the salesperson recognize their natural approach to the sales process
  • Show them how to modify their approach to different prospects

Here are 4 key benefits of using DISC Profiling for your sales team:

 

1. DISC Will Help Your Team Understand Their Natural & Adapted Behaviour Styles

DISC Profiling will give you insight into your own behavioural style and allows you to see how you are perceived by others.

Your personal profile gives you a set of terms to discuss your behaviour and communication style in your personal life and in the workplace.

2. Enhance Communication Between Your Sales Team & Clients

Using DISC Profiling coupled with focused DISC facilitation can enhance communication between your sales team.

You can also profile clients, so communication styles are better understood for stronger, lasting relationships.

3. Allows Your Team To See Their Similarities & Differences

Team Reports provide a detailed breakdown of a team’s DISC data (up to 100 people) through a variety of:

  • Charts
  • Diagrams
  • Comparison pages.

This is a great tool to contrast the team’s similarities, differences, strengths and potential areas for conflict.

4. Identify If You Are A Hunter Or A Farmer – Know Your Sales Team & Understand What Works For Them And The Business


How You Work:

‘Hunters’ are characterised by ‘hyperfocus’.

There will be intense periods of activity where you stay focused single-mindedly on a task and may forget to have your meal.

Then there will be long periods of low or no activity. You will discover a preference for:

  • High risk-reward scenarios
  • Project work
  • Novelty
  • Clear goals
  • A system of measuring instant progress
  • The excitement of a crisis that requires immediate action and snap judgments

 (Typically a D profile)

How You Sell:

As a farmer you are trustworthy and dependable and that’s what you sell to build loyalty and repeat business with your customers.

You are sensitive to the customers’ happiness, concerned about failure of service, prefer to tackle one problem.
(Typically an S profile)

Building Your Team:

As a hunter, your goal is to get the best performers into your team.

You actively seek them out and then attract and retain them by showing the dream, culture and compensation that these stars seek.

As a farmer, your focus is on growing people irrespective of the talent and thus you give them opportunities, resources and learnings to succeed while removing those that spoil the environment.

A rare balance in the team leadership will do both — communicate a dream.

 

Learn how KONA Group can Leverage DISC for your business…

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Download our sample Sales DISC Profile or DISC Team Report:

5 Ways To Improve Your Sales Pitch

Posted on | by Sienna Anderson

A Sales Pitch is a personalised and well-constructed presentation.

Having access to a world of information at our fingertips means today’s buyers are more informed than ever.

So how can you improve your sales pitch and ensure you secure the sale?

 

Here are 5 tips to improve your sales pitch.

 

1. Do Your Research

Creating a great pitch requires you to understand your customer. Doing market research will help you get to know your customer’s needs.

 

You should look at your prospect’s website and utilise LinkedIn to gain knowledge of what they do and what their needs may be.

 

2. Know How To Overcome Objections 

Objection Handling Sales Skills - The Digital Sales Institute

Knowing how to handle objections will:

  • Help build relationships
  • Establishing yourself as being experienced
  • Helps the salesperson determine whether a real opportunity exists

 

3. Listen To Understand

Active listening will give your prospect confidence in your service.

Listening to understand saves time and frustration in the long-run as you will become aware of your prospect’s needs.

 

4. Think About The Value Your Product Or Service Brings

Professionals who can show the value of their product above price will stand out to their prospects.

People buy products or services for the value it will give them. So it’s best to educate your prospects about value rather than just focusing on features.

 

5. Connect With Your Prospect
Introduction to social media | Digital Ready

It is important to connect with your prospect personally and on social media.

Some benefits of connecting with your prospect include:

  • You are more likely to make the sale- people are more likely to conduct business with those they have positive rapport with
  • Shows your prospects a more personal side of you, not just business
  • Creates a better customer experience

 

Have you considered how your salespeople can improve their sales pitch?

 

Contact KONA to discuss tailored options to enhance the performance of your sales team!

 

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Manifest success

“That Which You Manifest Is Before You.”

Posted on | by Sienna Anderson

This is one of the most profound statements I have ever heard.

It is in one of my favourite books – The Art of Racing in the Rain by Garth Stein.

Such a simple concept, yet so true: “That which we manifest is before us”; we are the creators of our own destiny.

Be it through intention or ignorance, our successes and our failures have been brought on by none other than ourselves.

I think this is wonderful … and yet scary at the same time.

So all my successes I created?  Fabulous!  But wait a minute – if I’m not as successful as I want to be, then I created that too?  Horrors!  And my absolute failures, I created those too?  That’s a worry.

But let’s look at the positive.  We can create our own future.  It’s like The Secret. “What you think about and thank about, you bring about.” And other smart sayings: “If it’s to be, it’s up to me.” And the classic Michael Jackson line “I’m starting with the man in the mirror…take a look at yourself, and then make a change.”

We all have that potential to be M.A.D. (to make a Difference).  It starts with deciding what you want, what will make you happy, what’s important to you – and then writing it down.

So that’s Step 1: Write it down, record it, post it, tell someone about your plans.  Commit your dreams to paper (or the world-wide web) and it will become reality.

Step 2: Create stepping stones to get you over the troubled waters and to the other side – break it down into bite-sized pieces, so that you can achieve (and celebrate) small goals along the way.  Measure the steps that you are taking.  I love To-Do lists where I can tick off the things that I have accomplished each day.

Step 3: Ensure that you make your dreams ARE achievable.  After all, you DO want to be able to applaud your effort and not finding that you are depressed by every little obstacle in the river of life that may come your way.

Step 4: Is it possible to be CEO of a company that you just started with within a year?  Probably not! (Although for some Gen Y and Gen Xs that’s exactly what they want … and expect.  But that’s another conversation altogether!) Be realistic about your wants and needs.

Step 5: Put a date on your dreams.  Goals are dreams with a timeline.

Hmmm, seems like I’ve just written down S.M.A.R.T. goal-setting.  Specific, Measurable, Achievable, Realistic and Timely.

Well then, let’s start to manifest our destiny!

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