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While national industry figures predict market growth at 2% per year,
most successful organizations are forecasting a 10% to 12% growth in sales.
Obviously achieving this high growth rate must happen at the expense of
competing sales organizations. The message: grow or die. Those
who cannot sell aggressively, will not survive. Dramatic changes in the
marketplace, will likely have a major impact in the industry. Such
challenges in an already mature industry, make it even more necessary
to have the selling skills, strategies and tactics, not only to retain
existing customers but to consistently gain new business accounts.
- Identify strategic reasons for penetrating competitive
accounts.
- Identify obstacles to account penetration.
- Positioning yourself within competitive accounts.
- Creating "Chaos" for your competition
or teaching prospects how to ask the questions your competitor doesn't
want to answer.
- Identify competitive selling strategies and tactics.
- Selling from your strengths.
- Discover probing skills that get the prospect
talking about your competition's weaknesses.
- Develop a plan to penetrate new business accounts.
- Exercise: increase awareness of market
pressures and potential losses
- Identify reasons for penetrate
competitive accounts
- Identify the obstacles to account
penetration
- Identify the potential strategies of
competitors
- Exercise: identify potential cost
- potential loss of marketplace
base to trends (i.e. gambling, franchises)
- potential loss to competitors
- Identify potential direct cost to sales
representative
- Explain the "Chaos Strategy"
- Define impact of "chaos"
on competitor.
- Identify the ways the company will
benefit.
- What corporate-driven activities that
could support sales "Chaos Strategies?"
- Exercise: Develop strategies based on
the customer's perspective
- Exercise:
- Identify competitor's areas to be
exploited
- Identify competitive selling opportunities
in individual territories
- Identify potential impact selling
opportunities on customer
- Exercise: Identify potential impact
on customers
- Identify primary profitable new business
customers
- Exercise: Identify sales "coaches"
within targeted accounts to:
discover concerns, dissatisfactions or needs
- Develop probing questions to identify needs
- Develop probing questions to identify potential
consequences and the value of change to the new business prospect.
- Develop simple closing techniques to confirm
sale
- Exercise: Each participant develop list
of five new accounts to penetrate
- Create prioritized list of accounts to replace
originals as plan progresses.
- Exercise: Identify potential impact on sales
income
- Develop follow-up plan for manager
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