Conducting a sales appointment

How do you increase the chances of winning business at a face-to-face sales appointment?

Many people believe that you need to be a salesperson to sell your products or services. However, sometimes, this stereotypical, chatty salesperson trait can be counterproductive. The key to a successful sales meeting is to listen to the client and directly answer how your product or service is the solution.

Here are our top tips on conducting an appointment, giving you the best chance of closing a sale.

 

Establish rapport

The first thing you should do in any meeting is to establish a foundation relationship with everyone in the room. Everyone knows you’re there to talk about your solution, so there’s no need to be too familiar, but remember people buy from people, so if there’s an opportunity to find common ground, use it.

The aim is to gently transition from this less formal conversation into the purpose for the meeting. Ideally, it should be seamless. A great way to do this is to talk about finding more time to engage in hobbies or spend time with the family – your solution can help.

TOP TIP: Keep an eye out for any personal items in the room. This could help break the ice. For example, they could have sports memorabilia on show. People love to talk about their hobbies.

Word of warning, don’t pretend to be knowledgeable about something you’re not. You don’t need to share the same interests. The purpose is to show genuine attention and get them to open up about their experience.

If there aren’t any personal items, why not mention the roadworks you probably sat in to get there? They probably have to sit in that every day!

 

Clarifying what their needs are

The key to a successful sales meeting is to position your solution, either product or service, as the means of solving their pain points.

You are never going to be able to do this effectively if you don’t know what these are specifically. So, you need to ask questions and truly understand what they are trying to achieve.

It’s best to avoid closed questions, those that invoke a “Yes” or “No” response. Instead, practice using open questions that invite people to provide a detailed answer. These type of questions usually start with ‘what, ‘when’ and ‘how’.

Finally, make sure you listen to their answers. Your objective is to investigate what one or two things are causing them the most pain. When it’s your turn to talk, your answers can then always refer back to how your product or service is the solution – this is how you establish value.

 

Talk about value, not cost

One of the most common stumbling blocks in a sales meeting is the cost, or price, of your product or service.

Some people are uncomfortable about giving a price, and you can see them physically shy away from talking about it. Others are happy to provide one, as they are confident that it is fair.

Regardless of the situation, it’s not about how you feel about the price. It’s always down to their perceived value of your solution. If you are providing a price without establishing value, the cost will almost always be too high.

So, how do you establish value? After you understand the pain points of your potential customer, you need to understand how much it costs them to work around their problems, or how these pains are preventing them from achieving growth.

Ideally, in understanding their pain cost, you want to get a financial figure from them. This can help you talk about your solution as being a fraction of the cost, or identify how you can add additional value and open new opportunities. Again, its always about the value to the client, not the price of the solution.

If you take this approach, you’ll find that you rarely ever talk about the actual price of your solution.

 

Always close

You might be familiar with the ‘Always Be Closing’ (ABC) sales technique. And while this does conjure images of ‘pushy’, perhaps unethical salespeople, it is a phrase you should remember for each meeting. 

In a sales meeting, everyone knows you’re there to sell, so there is no need to be afraid to ask for business. If you have established value, the close should flow naturally, and you can move from talking about how you can help to when you can start helping – this is an assumptive close.

The assumptive close can be a gentle way to establish a commitment by creating an easy way to start. A great way to achieve this is to get the diary out and pencil in a delivery date.

Finally, don’t fall at the last hurdle, get the paperwork over as soon as possible. Whether this is a quote, proposal or summary of your agreement, get it their hands as quickly as possible. Generally, people are busy, and as soon as you leave the meeting, they will get absorbed into other things, you don’t want the value you’ve just spent time establishing to diminish.

TOP TIP: A great way to keep at the forefront of a prospective clients mind is to send them a ‘thank you for your time’ email following a meeting. Why not create an email template in your email client to save you writing one each time. Here are some guides based on the most common email clients:

 

How ETC can help

If you need help turning your sales meetings from a conversation about price to one about value, please get in touch.

If you’re new to ETC, why not contact us for a free new business review? We’ll spend two hours with you, giving you professional coaching and will leave you with actions for immediate implementation.

This is the fourth in our sales series. If you haven’t already, you can read the others here:

  1. Sales starting point: Attitude
  2. The importance of a sales pipeline
  3. Preparing for a sales meeting

Preparing for a sales meeting

Finally, that prospect you’ve had at the start of your sales pipeline for months has agreed to meet. It’s time to prepare for the meeting.

There are two elements to preparing for a sales meeting: the first is preparing your attitude, (and if you haven’t read the first part of our sales series, we recommend you check it out: sales starting point: Attitude), the second is research.

There are two schools of thought when it comes to researching the company before that first sales meeting. Either you can thoroughly investigate the company, or you can go straight in there without doing any research at all.

So which way is best?

 

Preparing for a sales meeting – The full research approach

If your preference is to research the company before your appointment, it’s always best to make sure you fully understand the company and the industry they operate within.

Nothing stalls the progress of a meeting more than making the wrong assumptions or delivering incorrect information about the client back to them. However, if you get this research right, it demonstrates that you’re familiar with the industry and have an understanding of the top-level company objectives. This can go a long way in establishing confidence in your abilities.

The best places to do company research include:

  • Companies House
  • Website
  • Reviews platforms
  • Social media
  • LinkedIn profile of the person you’re meeting
  • Partnering websites

 

TOP TIP: Remember, looking at a company website or literature alone won’t give you a true reflection of what the company needs. A company’s marketing is (or should be) customer focused. It’s giving you a clue as to what they want the end goal to appear to be, not how they operate.

Think Wizard of Oz – you want to see ‘the man behind the curtain’, not the Great and Powerful Oz.

And it’s this very sentiment that leads people to consider the second approach when preparing for that first sales meeting:

 

Preparing for a sales meeting – The open approach

The main benefit of the open approach to sales meeting research is you shouldn’t have any preconceptions or assumptions.

It’s always best to do a little research, like understanding who you’re meeting and the purpose of the meeting. However, only doing this basic research should mean you don’t have any preconceptions about the company. You’ll have to ask questions and seriously pay attention to their answers.

This approach can make the meeting feel more natural. However, it does rely on your skills as an interviewer. If this is something you’re concerned about, it’s best to write down some questions you know you need answering before you enter the meeting – it’s always best to know what you don’t know. Then, towards the end of the meeting, you can quickly check down your list to see if you can answer each question.

 

What is the best sales preparation approach?

At the end of the day, neither of these approaches has been proven to be better or worse than the other. However, understanding each method should help you refine your chosen technique, and you may even find that your approach is entirely dependent on the industry or individual client.

Whichever position you take, it’s about working in the best way for you. Your objective during these meetings should always be to gather enough information to effectively answer their needs with your product or service – and close the deal. How you get that information is up to you.

If you’re still unsure, one of the most effective ways to understand which approach to take can be to practice a technique called ‘Mental Rehearsal’. This visualisation process is what top-performing athletes use to help prepare themselves before a competitive performance.

Mental Rehearsal is designed to help you visualise your journey to success. This can be visualising your walk to the car, the car to the meeting, the questions in the meet and the handshake accepting the deal at the end. It may be that by mapping out this journey, you identify where barriers to your success are going to be, and can help you think about how you’re going to overcome them – either through research or writing a question to ask in the meeting.

There are lots of resources on visualisation techniques online. This one from American coach Jack Canfield is simple to follow and provides a practical example of Mental Rehearsal.

 

If you need help preparing for a meeting, or want to discuss either approach to preparation, please get in touch.

If you’re new to ETC, why not contact us for a free new business review? We’ll spend two hours with you, giving you professional coaching and will leave you with actions for immediate implementation.

The Importance of a Sales Pipeline

The sales pipeline, or sales board, is a set of defined stages that a prospect moves through to become a customer.

An effective sales pipeline will ensure you take each prospect on the best journey to maximise conversion. It also means you shouldn’t forget a prospect, what you need to do with that prospect and when you need to do it. It can also serve as a powerful analysis tool for your business.

If you want to increase sales and profits, you need a sales pipeline.

 

Do you have a sales pipeline or sales list?

It’s common for the sales pipeline to be confused with a list of prospective contacts. Although this is useful information, alone this isn’t likely to make you money.

Here’s a quick test to see if you have a pipeline or a list of people you’re trying to sell to:

Right now, without opening more than one spreadsheet or document, you should be able to answer these simple questions:

  1. How many new prospects do you have?
  2. How many quotes are with clients?
  3. What’s the value of your last quote?
  4. How many days until you need to follow-up your latest quote?

If you can’t answer each of these questions with a number, you need to re-evaluate, or create, a sales pipeline.

 

How to create a sales pipeline

When creating your pipeline, we recommend you start by looking at the stages you went through to secure your last successful sale.

The structure of a sales pipeline can differ from company to company, but here are some of the more common stages:

  1. Contact. This is the initial exchange of contact information. This could happen via a referral, or through a phone call or meeting.
  2. Qualification. This is where you take the time to understand the prospect’s problem. This could happen at the same time as the initial contact, but it’s usually a good idea to allocate some time to talk through their specific requirements. It’s also an excellent time to determine if there is a genuine need, they have the budget, and authority to buy in the near future – are they a legitimate prospect?
  3. Proposal. At this stage, you outline the solution that best fits the prospect’s need and the cost.
  4. Follow-up. You should always follow up each proposal. It may take several attempts to close the sale. Keeping on top of your follow up schedule will keep your pipeline live and useful.
  5. Sale (Close). This is where the final negotiations are made and contracts are signed. The prospect is now a customer.

After you’ve written down the stages you need to make a sale, talk it through with someone who knows your business. They can help fill in any gaps or remove any unnecessary steps.

Once you’re happy with your pipeline, start placing each contact on your sales list in these stages.

The idea is to keep the sales pipeline simple, but not void of substance. As a guide, why not refer back to the questions at the start of this article. If your pipeline doesn’t allow you to answer these questions quickly, you may have missed a step.

 

Create your pipeline today

In a digital world, many people have their sales pipeline on a spreadsheet or use a sales tool built into their CRM system. At an early stage, it’s probably best to keep your pipeline as simple as possible. A complex tool or spreadsheet might prevent you from continually using it.

A pipeline is only useful if its used and continually updated and reviewed. When used correctly, a sales pipeline will increase the number of converted sales, guaranteed. Don’t over complicate it. Here are some simple ways to help you create and maintain a pipeline:

Online tools. Free tools like Hubspot and Trello allow you to create digital boards and then, using your mouse, drag cards through the various stages of your sales pipeline. Here’s an example of what a digital pipeline can look like:

hubspot sales pipeline
Credit Hubspot: https://www.hubspot.com/products/crm

Spreadsheets. Don’t want to use online tools? Why not use a spreadsheet? Simply create a list of all your prospects and detail what stage they’re at in your pipeline. You can then use filters and formulas to quickly summarise information.

Whiteboard. Have your sales board information prominently displayed in your office on a whiteboard. Divide your board into a grid and move each contact through the board manually. This is a great way to feel physically connected to each stage of the sales journey.

Top tip. If you prefer to go down a digital route, we still recommend using a whiteboard. This is absolutely best way to keep you sales focused as its always in front of you, prominently displayed in your office. You can keep the detail on your digital version, but use the whiteboard to remind you how many contacts are in each stage without opening up a document or app.

 

The power of an effective sales pipeline

The sales pipeline is probably one of the most powerful sales tools at your disposal – if used correctly.

Without complicating your pipeline, adding additional information will allow you to measure sales success and evaluate specific areas of your business.

For example, if you record when you first made contact and when you closed the sale, you can start to understand how long it takes you to convert a prospect to a client (on average). This helps you better forecast and understand how many prospects you need at the start of the year to pay the bills at the end.

Likewise, this information can be used to understand how many prospects turn to customers. This will tell you how many prospects you need at the start of the pipeline to make a profit. You may need to look at ways to improve your conversion if the numbers become concerning.

 

If you need help creating a sales pipeline, or if you have one and want to get more from it, please get in touch.

If you’re new to ETC, why not contact us for a free new business review? We’ll spend two hours with you, giving you professional coaching and will leave you with actions for immediate implementation.

Preparing for 2020

It’s time to start planning for 2020. Yes, you read that correctly. It’s time to start reviewing this year’s progress and start preparing for the next one.

Regardless of whether your business year runs from January-December, April-March or June-May, now is the time to get your business ready for the new year.

Taking action now gives you time to prepare, take a look at where you are against your goals, and if you’ve strayed a little, you have some time to course-correct.

 

When is the best time to create a business plan?

As a rule of thumb, business plans should be compiled three months before they’re needed. So, for those businesses that run on a calendar year of January to December, the best time is September. For businesses running from April to March, the best time is January.

If you’re in retail or an e-commerce business, you’re planning schedule may look slightly different. Typically, you should be preparing for Christmas in June and conducting your business planning in January.

If you’re not in retail or e-commerce, regardless of your business year (unless it’s August-July – in which case you should already have a sufficient plan in place), you should always think about a New Year plan.

Taking this proactive approach gives you adequate time to prepare for the new year and estimate where you will finish against your goals. You also have time to put yourself back on track if you’ve strayed a little, and it will provide you with a clear direction when you come back from Christmas (probably still a little foggy from an over-indulgent week).

 

What should a business plan include?

You don’t need to overcomplicate this process. If you’re creating a business plan for a bank or shareholders, it’s advisable to start working with experienced support as soon as possible.

If the plan is for yourself, you can be more flexible to suit your individual needs. Although, it’s still wise to gather some support, and sole traders can enlist some trusted friends or associates to help. If you have a mentor, now is the time to get them involved!

When writing a business plan, it’s always helpful to use the SOSTAC model referred to below. Here are some guidelines to help you create the plan successfully:

The purpose of your business

It is always important to keep the ‘why’ you’re doing business at the start of your business plan. It is possibly the most important section of your plan as it will help ensure the content within your plan supports your business purpose. It also provides context to someone outside the company should they read your plan.

To understand more about the importance of ‘why’, we recommend you check out ‘Start with Why’ by Simon Sinek – also available on Amazon.

Situation

Where are we now? Document where you are now so that you can measure progress. For example, how many products you have, how many customers, how much you spent against budget, sales numbers etc.

Objectives

Where do you want to be: both for the business and personally? Set Specific Measurable Achievable Realistic Timebound (SMART) objectives for each of the steps required to achieve your goals.

Strategy

How are we going to get there? Broadly, how do you plan to achieve the objectives you’ve defined? For example, if one aim is to increase sales, the strategy might be to start selling in new markets.

Tactics

What are we going to do? With the strategies outlined, you’ll need to decide what tactical elements are required to achieve these. Looking back at the example above, let’s say one strategy is to penetrate new markets, one tactic to achieve this may be having an online store.

Action

What do we need to do, by when, and by whom? This is the list you’re probably used to making. It’s the task list for each of the tactics you outlined above. Sticking with the same theme of selling into new markets, and using a website to do that, your actions may include things like:

  • Build an e-commerce website
  • Research shipping fees
  • Review pricing
  • Review packaging options

With a list in place, add to it who will do what and by when. Day to day service delivery can often get in the way of delivering on an action plan, so be realistic when deciding on deadlines.

Control

How are we going to measure and monitor success? All that work you’ve just written down is going to be a complete waste of everyone’s time if you don’t action it! This is where putting precise, defined metrics or milestones in place will help you record and recognise success.

It sounds logical, but you’d be surprised how many plans are written but not followed. There are so many distractions as a business owner; it’s easy to lose sight.

An easy mechanism to establish success against your goals is to attach accountability to the objectives, strategies, tactics and actions. Regular management team meetings, or if you’re a smaller business, scheduled meetings with your business coach will encourage you to stick to your plan.

Oh, and there’s nothing like a significant global event like New Year to give you a deadline. So, schedule some time in your diary to check everything is on track.

 

Budget

Following the SOSTAC model above, you should have everything you need to understand how much money you made and how much you want to make. A copy of the previous budget will help identify precisely where money was well spent, and where it could be adjusted to benefit your future plans.

For more advice on how to budget, take a look at our 7 easy steps to successful budgeting.

 

What’s next?

Nothing. Just follow the plan. A good business plan is a roadmap for the foreseeable future, so you should have everything you need to get going.

When you follow these steps and implement your business plan, you might just end up where you want to be!

As ever, if you need any help building and implementing your business plan, or preparing for the new year, why not contact us for a free new business review? We’ll spend two hours with you, giving you professional coaching and will leave you with actions for immediate implementation.

Take a holiday – it’s vital for your business!

Research suggests that at least 70% of small business owners never take a holiday. In our role as business consultants, we come across this time and time again. Catching up on emails is far more the norm than catching a few rays.

While it might appear that taking a break from your business could be catastrophic, not taking one could be worse.

 

How motivated and productive are you?

Your business cannot afford or function long-term without you taking a quality break. Ignoring this simple fact can be damaging to both your mental health and your business.

When business owners don’t take time out, they become fatigued; directly affecting productivity. Worse, resentment towards your business can build up, further adding to a decline in motivation.

 

How much holiday should you take?

We recommend taking at least 1-2 weeks holiday a year. If it’s impossible to take such a long break, then make time for long weekends instead. After some quality time away from your business, you’ll come back refreshed, and you’ll notice an increase in productivity – and you’ll make some more money!

Also, notice we say ‘quality’ a lot here. Going away and checking your emails every five minutes isn’t a quality break – a break from the office isn’t a holiday. You need to detach yourself from what’s going on.

To ensure you have a quality break, here are our top tips to help you have a quality holiday:

 

1) Understand your customer base

Do your customers have a pattern? Understanding your customer base can help identify natural quiet(er) times for your business. This might be the best time to take a break.

A simple survey of your existing customer base could uncover some facts you can use to your advantage. Include questions to find out why they don’t purchase at certain times.

Having this knowledge can help you prepare for that potential dip well in advance of it happening. If it’s an annual occurrence, you’ll have all year to develop a plan to take some time off without it having a significant impact on your business.

2) Handing over the reins

Ensuring the continuity of service for clients is a key concern for business owners when planning a holiday.

Bringing in support while you’re away can help maintain continuity. Planning ahead and scheduling several training or induction meetings before you go away will help acclimatise your support. These mini trial periods will also highlight what tools, platforms and any login details they will need to perform their temporary role.

If this is a problem area for you, take a look at our Creating Consistency in Service article. In this article, we explain how to give staff the tools and knowledge to get the job done exactly as you want it!

3) Build a good relationship with your clients

Having a good relationship with your clients is worth its weight in gold. Giving your clients a heads up before you go away will help to set expectations and may even result in more work before/after you go away.

If you’re handing over the reins, make sure your ‘out of office’ points clients in the right direction by providing temporary contact details. If you don’t have someone supporting you, let people know what your plans are: when you will be returning, or how access to your emails is limited and when you check them.

4) What to do if you can’t let go

If you still don’t believe you can hand over the reins and take a holiday, you need to take measures to switch off the best you can.

As we mentioned before, if you can’t take a long break, take long weekends instead.

If you still need to contact the office: schedule calls (as few as possible), don’t make or take unscheduled calls. More often than not, people need guidance or ‘permission’ to take a direction. Try and be the decision-maker and provide support only – don’t take on the work!

 

Get holiday ready and make more profit

So, with the summer upon us, it’s the perfect time to get away. If you don’t yet have your summer break planned, get one booked!

If you understand the benefit of taking a break but still feel unable to, book a free business review so we can help get your business ‘holiday ready’ and more profitable!

Admin vs. love for your business

Does admin stand between you and the love for running your business?

If so, you’re not alone. Lots of small business owners are extremely skilled at their trade. Having started their own business though, ‘admin’ tasks often get in the way of their love for it.

It’s common to become despondent when it comes to finance, pricing, writing quotes and so on. While you may be breathing a sigh of relief that it’s not just you, be cautious. There could be danger ahead. It’s common sense, but ‘admin chores’ are not really admin at all. They’re fundamental to the success of your business. Just like a marriage, you must work on your business and make the odd compromise by doing the things you enjoy less.

For an explanation of the 8 management functions of a business, read our recent article: Momentum: The small business growth programme.

Could admin neglect be causing you to lose money?

At ETC we recently worked with a digital designer. I can’t tell you how amazing she was at her day job. So it was a surprise to learn she was losing money. When we got to the root of the issue, we discovered she was undercharging. This was caused by a lack of attention to detail when costing up jobs (find out more about how to price your services here) and demonstrates the importance of getting pricing right.

Time management

You must allocate time for the management functions of your business. Follow these simple steps to do this:

  • Diarise the time in your diary, whether this be weekly or monthly (or whatever is appropriate)
  • Put all the jobs relating to that function into a folder (in your email or a physical one) to be dealt with at the allocated time.
  • When the time arrives, move your way methodically through each task.

By doing this, tasks become much less daunting. Doing them in a ‘job’ lot will save time too — you’ll work through them at pace as you get going. Once complete, this will give a real sense of satisfaction, leaving you to get back to doing what you love — the day job!

My blog on time management will help you review and change your working week for the better.

If you still struggle to find time to allocate, or don’t have the right skills to complete certain tasks, then consider a sub-contractor. A book-keeper or virtual assistant for example will get the job done quicker; those tasks you detest, they love!

If you’re falling out of love with your business, why not get in touch with us for free 2 hour business review? One of our management consultants will come out to your business and identify and explain immediate steps you can take to not only help find the passion again, but set you on a path to focus, develop and grow.

Momentum – the small business growth programme

All business owners we work with at ETC are experts in their field. However the reality of dealing with finances and sales and marketing is often a barrier to growing a successful business.

Try as you might, finding time outside of the day job to plan your marketing, or review your finances, or any other managerial task can seem impossible when there are deadlines to meet. Even if you can find the time, do you know where to start? If any of this sounds familiar, don’t worry, you’re not alone!

With these issues in mind we developed Momentum, the Managed Growth Programme. Over the course of three years, this tailored programme guarantees to increase profits by three times its cost and is realistic in terms of practical investment.

So how do we do it? The first step for your assigned business consultant is to complete a free business review so they can get to know your business inside out. The next stage is to visit you for half a day a week over the course of 5-6 weeks to coach you across the eight fundamental areas required when growing a successful business. But it’s not a closely guarded secret, you can get started yourself by getting to grips with the following:

Goal setting

Your business consultant will get you to take a step back and think about your long-term future, what is it you want the business to deliver for you, to facilitate the kind of lifestyle you covet? Find out more about the importance of setting personal goals here.

Key objectives

With personal goals defined, you can establish how to deliver on them by agreeing what actions and processes will be required. There’s more on objectives and how to create a simple business plan in this blog: why have a business plan.

Organisational structure

Growing a successful business requires an understanding of who is in the business. What are their roles and who is responsible for ensuring the expected outcomes of each activity? Find more information about creating your organisational structure here.

Sales and Marketing

Marketing and selling your products and services doesn’t have to be daunting. You simply need to answer the following questions:
– Who is your target market?
– What marketing activities are required to generate prospects?
– What is the sales process to take prospects through the funnel to purchase?
Your business consultant will help establish these answers and give coaching on closing sales. Get started now by taking a look at our post: 3 simple steps to an effective marketing strategy.

Delivery (operations)

Keeping on top of operational commitments is of course paramount to keep customers happy enough to come back. It may sounds obvious, but as your business grows and with it the team, you will need a robust process to keep track of orders and the status of each. Your business consultant will work with you to define a simple process to ensure products and services are delivered in a timely manner and at the quality expected. More detail on this can be found here.

Admin

Support functions are all crucial to keep the business running smoothly, even though they’re often loathed by business owners. Your business consultant will find out how you currently manage these tasks and help identify any streamlining to increase efficiency. There is more advice on how to do this yourself here.

Finance

Every business should understand their break-even point (the cost involved to run the business). Your business consultant will complete an exercise with you to define this. My post: 4 tips for effective cost cutting not only explains how to track expenditure but also suggests ways to cut it!

In addition, your business coach will ensure you have the correct pricing structure in place. At Executive Training & Consultancy, all too often we come across businesses that aren’t charging what they’re worth. Discover why cheap pricing is not not suitable for growing a successful business here.

Management

At the end of the 6 weeks, you’ll be in the right place to start your business growth. That’s not quite it, though. To keep everything running as it should you’ll need to keep track. From how you’re doing against objectives, to whether your customers are happy, to how well your marketing is doing, you’ll need to monitor and measure performance. Find out more about this in our blog: Monitor, Measure, Grow!

Following the intensive sessions, your business consultant will then write up your agreed business plan and provide you with the primary focus for the first quarter. At the end of each quarter from thereon, you’ll have a half day strategy session to look at progress and decide on the actions needed in the upcoming quarter.

Of course in between those appointments, your business consultant is just a phone call away for any help or advice you need!

Interested to find out more? Book a no obligation FREE business review today to see if Momentum is right for you.

 

Fix the sales dip before it happens

Many businesses experience a seasonal sales dip, but three simple actions can help iron these out.

There are some industries and trades that have obvious trends and sales patterns. For example, the wedding industry will have a sales peak during the summer. Similarly, gas engineers will experience their biggest sales volume during the winter months.

However hidden dips can also occur when revenue and sales activity is left untracked. From a financial viewpoint, being unprepared for such an event will affect cashflow. I often come across business owners who cite lack of time as a reason for not tracking sales activity, but this process is vital in business. It’s the first of my three actions to fix the sales dip before it happens:

1. Keep records and review

I urge you to keep a record of your sales activity by month, as far back as you can. The more data, the more valuable the insight. A spreadsheet is all that’s needed, with columns for the month alongside sales volume and revenue.

Use this data to create a year on year performance chart, this is a really simple and visual way to spot trends.

I went through this process with an English Language school who fortunately had kept attendance records for the previous 5 years. When we looked at the years side by side we spotted a recurring sales dip each May. With this insight we planned a marketing campaign to attract new students for May, thus ironing out their sales dip.

2. Look forward as well as back

Just as important as reviewing what’s already happened, is tracking advance sales. This is known as your Order Book.

For example, a client of mine who is a wedding photographer does just that. Each time a sale is made for a future wedding, the revenue that wedding will attract is attributed to the month it will come in. That way, he knows well in advance how the coming months/year looks and can plan for any gaps.

3. Plan ahead

I’ve alluded to this already, but of course the reason for tracking past and future activity is to enable marketing planning, the aim of which is a revenue line with no major sales dips.

Sales dip

I’ve gone into more detail about actions to achieve this in my next blog: 6 Marketing Tips for Seasonal Businesses.

As ever, if you need any help implementing my advice, why not contact me for a free new business review? I’ll spend two hours with you giving you professional coaching and will leave you with actions for immediate implementation.

Doug D’Aubrey.

6 Marketing tips for seasonal businesses

Don’t let the dip get you down! There are plenty of of ways to keep sales afloat for seasonal businesses.

If you read my last blog: Fix the sales dip before it happens, you’ll know how to spot forthcoming dips in sales. In this post, I’m sharing 6 activities you can undertake to iron out that dip.

Marketing activities

Research your customer base

While it may be obvious for some businesses why some months are slower than others (for example a seafront cafe in Cornwall relying on tourists will be quiet in winter), there are some businesses who may have identified patterns in sales that are unexplained.

In order to combat these quieter times, the first step must be to understand why they occur. A simple survey of your existing customer base could uncover some facts you can use to your advantage. Include questions to find out why they don’t purchase at certain times.

An example of this might be a stationers, whose sales always dip in August. The reason for this may be that many of their clients take holiday at this time, rather than a change in their requirements. With this knowledge, a plan of action can be implemented.

Give people a reason to buy

With your new knowledge, you can give people a reason to buy.

A beauty therapist will typically be busiest during summer and at Christmas, when people want to look their best for holidays and parties. Offering discounts or packages over quieter times could be enough to keep customers coming. For example, selling treatment courses at a discounted rate over winter or spring. Add to this clever messaging, perhaps suggesting this will ensure a tip top appearance for the start of summer, and you’ve sold the benefit to off-season purchases.

Target a niche

Is there a niche corner of your market you can target? For example gluten free/allergen suitable cooking for bakers/caterers. Ensuring your product or service is suitable for all areas of the market could mean you capture sales from your competitors.

A client of mine who is a wedding photographer has kicked off a marketing campaign for winter brides. Showcasing examples of winter wedding photography is helping win business from competitors who don’t promote them, and in the off-season too!

Diversify your product offering

A popular way to maintain year round sales is to diversify. If you operate a seasonal business, is there another market who could use your services in the off-season, or is there another product you could offer your usual base?

For example, a gas engineer would try and fill their summer months with boiler services, knowing there will be less breakdowns.

Alternatively, a busy weekend bar or restaurant could target mid-week corporate clients with a venue hosting package.

Find more information about diversification in my blog: Diversification: 3 ideas to increase sales.

Stay in touch

Ensure you keep front of mind for your customers by staying in touch all year round. Share stories about what you’re up to, share useful tips, and even try to create interest by sharing emotive content. A seaside guest house sharing images of log fires, hot chocolates and winter walks could create desire and demand for an off-season break.

When to market for the low season

With all your actions in place, the only thing left is to decide when to implement them. This is a simple case of understanding how long it takes your business to move consumers through the buying process.

If it takes three months to turn a prospect into a closed deal, then ensure your marketing is active at least three months before the dip. Remember that prospects need to see your content a number of times before they might be ready to purchase.

If you’d like help to implement any of my advice, why not contact me to arrange a Free Business Review? This is a genuinely free 2 hour session whereby I’ll come into the business and spend two hours giving you advice for immediate implementation. Click here to arrange yours now.

3 simple steps to an effective marketing strategy

Don’t be daunted by complex, expensive marketing strategies. Often, basic marketing activity is all that’s required for a small business.

I once visited a small business on the verge of collapse. Despite having had an external consultant craft a marketing strategy, they still weren’t winning business.

The strategy itself was about 6 inches thick and kept in a folder. Understandably, the business owners hadn’t read it in detail and felt it was ‘just stuff copied and pasted from the internet’.

The nature of the business was website programming. The only marketing tactic identified in the marketing strategy was telesales, the thought of which was too daunting. Therefore the strategy document had been a waste of money.

If this sounds familiar, then I’m here to tell you creating your own marketing strategy should be much more simple!

Step 1: Identify your core service

Seems obvious, but is your core service or product offering crystal clear? Without a straightforward definition, it’s impossible to determine who will want what you’re offering.

Establish what problem your business solves for buyers and write it down. Ensure to avoid jargon and write it so a 14 year old could understand it.

Take me as an example, I’m a Management Consultant. I can’t assume that everyone knows what that means! So what is it I actually do? This is a clearer description of the service I provide:

“Sound advice and practical assistance to help small businesses increase profits”.

Step 2: What is your target market?

With a defined service offering, the next stage is to determine who is in the market for it. What type of customers are you trying to attract?

The web programmers I visited had failed to identify their core service offering and target audience, proving almost fatal. Without this knowledge, the external marketing consultant had recommended they market their business to companies needing new websites. However, when we followed my recommended steps one and two, we discovered the following:

Core service offering: technical build of pre-designed websites
Target audience: website designers

So actually, their audience had been completely wrong. It’s no surprise then that their marketing strategy was destined to fail.

Step 3: Decide on marketing strategy

Now you understand the importance of knowing who you’re talking to and what about. The question is, how do you communicate it?

For the web programmers I mentioned, in fact telesales was still appropriate. All that needed to change was the audience. With a list of the right people who needed their services, the idea of speaking to those people became less daunting.

In addition to this, they redesigned their own website to have the right messages and also started networking.

The moral of this story is simple, get the background right before deciding on your marketing actions! To find out more about choosing the right marketing activity and creating a plan, read on to my next blog: 4 simple marketing tactics for micro businesses.

As ever, if you need any help implementing my advice, why not contact me for a free new business review? I’ll spend two hours with you giving you professional coaching and will leave you with actions for immediate implementation.

Doug D’Aubrey.