Wednesday, March 20, 2013

Improving Sales Tools


In today’s business world, which is marked by cutthroat competition, every organization is working its way through to earn the maximum possible cash out of their customer’s pockets. For this purpose, selling is a function that is given extreme importance in every organization.
Sales tool, which refers to any material or equipment that can be used by the sales force to close the sale, is of extreme importance in facilitating the process of selling. Some examples of sales tools are brochures, leaflets, ROI calculators, industry term glossaries, product demos, common objections responses etc.  How can one improve upon these sales tools and what can be the potential benefits of these? This is what we will look at in the following discussion:

Need to improve Sales Tools
So why does one need to putefforts on improving sales tools? What are the benefits of these? Well apparently, sales tools work miracles if used in an appropriate and effective manner. They assist the salespersons during each step of the sales cycle. Through these tools, one can communicate in a much better way. The selling process can also be accelerated thanks to these tools. Salespersons are also able to “close the sale” with potential prospects in a much appropriate manner. Hence, with the passage of time, sales tools should be improved upon to take advantage of them. In today’s dynamic environment, being stagnant would mean death, not only to the sales but to the organization as a whole.

How To Work On Improving Sales Tools?
Sales tools are often designed by both sales and marketing departments in collaboration with each other. These are designed keeping in view the customer’s requirements and the product/service itself. Therefore, as the customer’s requirements changes, the sales tools must also be changed. The type of sales tool to be applied really depends upon the organization and sales force. For example, more efficient sales tool is needed for a transitional sales force and more effective sales tools are needed by a consultative sales force. Therefore, the important thing is to know the type of sales tool to use and what to improve upon.
In today’s world of technology, things are changing rapidly and so is the sales process. Here we will take a deep look into two of the most important sales tools of this generation:

Website: Many companies do not realize the importance of a website to sell their product/service. It is important to acknowledge the great benefits a company’s website holds as a sales tool.  In order to improve upon this sales tool, one must be careful to provide the amount of information on the website that is required by the customers. The information should be helpful to the customers in solving their problems. The website should also have an engaging interface to interact effectively with the customers. Be authentic and transparent with the customers and know what you are really selling to your prospects.

Social Media websites: The importance of social media as a sales tool is undeniable. Websites such as Facebook, Twitter and LinkedIn have managed to make themselves inevitable as a sales tool. Through these, organizations can increase the prospects of the business.  These websites help in finding the potential prospects and getting information on them. However, a few things have to be kept in mind in order to fully utilize this tool. The goal should not be to get maximum number of likes or followers on your page, make sure you use social media to engage with prospects, solve problems identified by the customers and be proactive.