Mar 20, 2019
EPISODE 12 – 3 REASONS WHY YOU’RE NOT CONVERTING MORE SALES
Hey hey welcome! Welcome to episode 12 of the Small Business Made Simple Podcast. Thank you for joining me again for this episode.
I talk a lot about marketing and social media so this week I’d thought I’d go next level and talk sales.
Everyone talks sales and marketing but in fact it should be marketing and sales. Without good marketing to get them in the door or to your website or on your social following – there’s no chance of a sale.
So, first lesson of the day is marketing goes first! But once we market, we need to sell!
So that’s todays topic. I am going to share with you 3 reasons why you’re not converting more sales.
But before that, of course, let’s get into this week’s discovery.
THIS WEEK’S DISCOVERY!
This week’s discovery is actually a discovery for me. And it’s going to change my life!
You see, I’m a fast-paced person. I like everything to be as fast as it can. So therefore, when I listen to Podcasts, I listen to them at 1.5 speed – never 2 x speed because my brain can’t work that fast!
The Podcast might go for an hour – but I can’t spare that time, so I listen to it faster! There’s actually studies to say that our brain takes in information quicker if it’s delivered quicker!
But anyway, that’s not the discover!
The discovery is a chrome extension I’ve found called – Video Speed Controller https://chrome.google.com/webstore/detail/video-speed-controller/nffaoalbilbmmfgbnbgppjihopabppdk?hl=en
The link is in the show notes at www.socialmediaandmarketing.com.au
So basically, it means that any video I watch in Google Chrome I can make go faster! That’s life changing for me!
So, if you love watching video, learning from video or just laughing at videos on the world wide web, then you can do it quicker with this chrome extension. Or if you’d like to do it slower, you can do that too! The extension allows you to speed up and slow down videos.
I hope it changes your life like mine!
3 REASONS WHY YOU’RE NOT CONVERTING MORE SALES
Hands up those who LOVE sales? Hands up those who think they couldn’t sell a heater to an Eskimo?
Love them or hate them, if we’re in business, we in the business of sales.
Sales does have a bad rap, we still think of say anything, promise anything door to door salespeople when we say the word sales.
But the reality is we buy from people we like. Sales is all about the know, like and trust factors.
David Penglase, my hero when it comes to sales, taught me what I know – shout out to David, talks all about the art and science of building customer trust and what it really means to give value.
So, we need to change our mindset of what it means to sell.
Today I’m going to give you 3 reasons why I think you’re not converting more business into sales. They’ll be hints, tricks and little tough love along the way. So, let’s get into it!
First one, negative self-talk. This is a biggie – so let’s start here!
Few things will diminish your sales results more than negative self-talk. If you walk around telling yourself you’re no good at sales, that you’re not a natural sales person (whatever that is), then you have doomed yourself before you even start.
If marketing is the heart of your business, then sales is the oxygen. No sales equals no business. If you have a negative image of what selling is or must be, then being able to sell will be almost impossible for you.
One great way to eliminate negative self-talk is to re-frame what sales is and is not. It is NOT about trying to convince people to buy or justifying your price or comparing yourself to your competitors!
The first step is to remember selling is not about you, it’s about your prospect. You are there to serve them, not sell to them. Shift from a selling mindset to a serving mindset and you will be a long way towards eliminating the negative self-talk of I’m not a salesperson!
If you harbour any doubts about the value, quality or benefit of your products or services, then it’s likely your sales results will suffer.
How about your team if you have one? Do they believe in your products or services? The quality, the value?
If you or your team doesn’t believe in the product you sell, my advice is simple – stop selling it and go and find a product or service that you do believe in.
By its very nature, if you persist in selling something you know is inferior, then you are wilfully and deliberately deceiving your customers and damaging your own integrity in the process.
Life is too short to spend time selling products you don’t believe in.
Without doubt the greatest myth in the world of sales is the idea that great sales people have the gift of the GAB!
The truth is great sales people don’t talk, they listen. Customers or clients don’t want to be convinced, manipulated or talked into buying. They want to be heard, understood and respected.
You are not there to convince ANYONE of ANYTHING.
Good selling, or no pressure selling, is a process of discovery. A process of asking good quality questions. If you fail to take the time to understand what a customer wants, then it’s likely that you will fall into the trap of trying to sell them something they don’t want – which is frustrating for you and them!
Oh, and just a side note. Our elders always taught us, there’s no such thing as a stupid question – well I’m afraid to tell you there is!
If I’m in a white goods store looking at fridges for 5 minutes and you come over and ask me if I’m interested in fridges, I will roll my eyes at you and mutter something under my breathe like “seriously – good guess” (well actually probably something worse but this is clean podcast – so I can’t say that!).
So, ask good quality questions, not doosh bag ones!
Which is a great Segway into number 3 – don’t try and outsmart your customer!
One of the most undisputed elements of sales success is we buy from people we like. And we like people who will take the time to understand us, listen to us and respect us.
What we don’t like is salespeople who try to show us how smart they are by showing off their product knowledge. Nobody likes a smart-arse who tries to flex their knowledge and prove they are smarter than the us – the customer.
The bottom line is, one of the dumbest things you can do is try and make your prospect look stupid. In the end the only person who will lose will be you. So, guide, assist and advise, but do it respectfully or suffer the consequences.
At the end of the day, you (the salesperson) are there to serve the customer – that’s it. You exist to serve them; they do not exist to buy from you. When sales people or business owners become focused on reaching sales quotas, they tend to lose focus on who matters most – the customer.
We all know what everyone’s favourite subject is – themselves.
The equation is simple: the more interested you are in them and their needs, the more likely a sale becomes. Conversely, the more self-focused you become, the more likely you will run into a sales stopper with a thud.
Ok, I know I said there would only be 3 but I couldn’t have a sales conversion without going through this one – Failure to Follow-up!
This is probably my pet hate. There’s such a fine line between guest and pest and I get that uneasy feeling in my stomach whenever I need to follow up a few times.
But failure to follow up is one of the most common sales traps of all.
Here are just a few of the ways no follow up hurts your business.
Reduces the chance of future sales resulting in the business leaving a lot of money on the table that will now be spent with a competitor.
Diminishes the chances of referral business being generated meaning the sales person must go back out to the cold market where the cost of lead generation is much higher and the conversion process much slower.
If you want to immediately impact your sales results, start following up regularly with your customers.
You don’t know what you don’t know!
One of my favourite sales quotes is “if you aren’t looking after your customers, your competitors will”.
So, before we wrap up, let’s go through those reasons for not converting more sales again, just quickly
So that’s it for Episode 12. I hope you enjoyed some sales tips, tricks or a little tough love. Some of which I was giving to myself!
So, the 72-hour rule. And for those who aren’t sure what that is – the 72-hour rule is what are you going to do in the 72 hours to move you towards your goal – in this case it might be closer to a sale. I always use it from stage and thought I should enact it here on my podcast for my podcast family too.
So, do you need to give yourself a good talking to about negative self-talk or is there a few follow-ups that have been hanging around that you just should tick off your list in the next 72 hours? Whatever it is, commit to it and do it in the next 72 hours.
Write it down or to be held accountable, put it in social and tag @smallbusinessmadesimple!
I’ll be back next Thursday with some more marketing know-how and another discovery.
If you’re liking the podcast – please head over to where you listen and leave a rating and even a review – those things are GOLD for podcasters like me! I’ll be eternally grateful, and it helps others find this podcast and enjoy the free training, tips and tricks too. It could be the best gift you give them!
I am very grateful to have you as part of my world, listening in, but I’d also love to catch up between podcasts – and get social on social – all the links are in my show notes.
If you have any comments or questions, please feel free to leave me a DM on Instagram! The DMs seriously make my day!
Catch you next week, happy sales making, …...
…….. and remember small business peeps, as my opening song says, there’s no point in dreaming small!