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BizHelp24 Edition No. 161
Wednesday 26th July 2006

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July 2006 - Small Business News

 

Selling - Can Your Salespeople Actually Sell?

If your business employee a salesperson (or salespeople) then obviously you expect them to make sales; but new research shows that a surprising number of UK salespeople struggle with the most important part of their job! Are your salespeople able to sell effectively, and if not; what can you do about it?

Sales performance specialists Silent Edge benchmarked 1000 salespeople from various businesses over a two year period. Each area of the selling process was marked out a maximum 100%; and the results, although not all bad, are surprising:

Despite being smart, excellent at knowing the products and services, and great at establishing a rapport with the customer (averaging over 83% in all of those areas); UK salespeople have difficulty with closing sales (46%), differentiating their business from competitors (31%), and handling objections (30%). However, UK salespeople really struggle when it comes down to negotiation skills (16%), and articulating the value proposition (I.e.: Why should potential customers choose you and your products over your competitors) (15%).

With only one in every five potential deals closed, a small improvement in the ability of your sales staff could potentially bring in big benefits; especially as the research showed that a lot of the problems are down to bad training rather than incompetent staff.

Richard Ward of Silent Edge said: “(Businesses) seem to labour under the delusion that great salespeople are born, not made. As a result, most sales training adopts the ‘throw lots of mud against the wall and hope some of it sticks’ format. The so-called training is often not relevant to the individual salesperson and does not take into account his or her specific level of competency. Nor does it motivate salespeople to want to change their behaviour.”

Next time you look at training for your sales staff, why not spend some time looking at how you can use it to get the most from your salespeople. Find out the areas that they need to improve upon, and ask them what areas they would like to train in; you might find that they already know where they can improve!

Read more about improving your salespeople in our Marketing and Sales portal.

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BizHelp24 – UK business and finance information, news, help and services for small businesses BizHelp24 is a UK business and finance resource providing Small Business Help, Start up Information, news and services; for individuals and Sole Traders. Comprehensively covering a wide range of key business, finance, and service topics. Employment and personal information includes Work Times and Break Entitlement, Body Language, employee Holiday Entitlement and Employment Contracts. Credit Policy information includes Letter of Credit, useful Credit Notes, Business Loans. and Cash Flow Control. Other information areas include Bankruptcy, Homeworking, Business Failure, Company House and Company Names,

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