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Strategies for Beating Your Competition |
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Quote
of the Week:
"Entrepreneurship is living a few years of your life
like most people
won't so you can spend the rest of your life like most people
can't." Unknown |
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Trivia:
Who was one of the best known gangsters, sometimes referred
to as, "The Big Fellow," "Scarface" and
"Public Enemy Number One?" (Hint: he was well known
for his temper and violence but he was also one of the first
to open a soup kitchen that provided food and clothing for
the needy) Find the answer at close of newsletter.
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Interesting
but useless fact: The world's tallest mountains, the Himalayas,
are also the fastest growing. Their growth - about half an
inch a year - is caused by the pressure exerted by two of
the earth's continental plates (the Eurasian plate and the
Indo-Australian plate) pushing against one another.
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Absquatulate
is the featured word of the week. Find the definition, pronunciation
key, and an example of it used in a sentence at the bottom
of the newsletter.
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Dogfucius
Say: A clear conscience is usually the sign of a bad memory.
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WEEK'S FREE DOWNLOAD |
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4
Strategies for Beating Your Competition
by
Tessa Stowe
Today's marketplace is getting more and more competitive.
It's because there are more and more players, some of whom
will offer ridiculously low prices in an attempt to make
a sale. So how can you stand out and differentiate yourself,
even if your product is a commodity? How can you beat your
competition without having to lower your prices? It can
be easier than you think if you start using the following
four sales strategies.
Strategy One: Sell only to those that are going
to buy.
Competitors will be bending over backwards to do whatever
the prospect says in the hope that they can persuade them
to buy from them. Your competition will make presentations,
give demonstrations, write proposals and jump through any
hoops the prospect puts in front of them. This is true even
if the prospects do not intend to buy anything from anyone
right now, or if their solutions are not the right fit.
You are a professional and your time is valuable. So you
can only afford to spend your time selling to those who
are going to buy from someone now and if your solution is
the right fit for them. You need to effectively interview
- qualify - your prospects before starting your sales process.
Even if a prospect asks you to come and present your solution,
convey that you are happy to do that but they need to answer
some questions first. Be polite but firm, and be prepared
to walk away if they don't qualify or will not spend the
time with you to see if they do. You'll stand out from your
competition with this approach. Let them waste their time,
but don't waste yours.
Strategy Two: Do not try to persuade or convince.
Instead of being persuasive and trying to convince your
prospect to buy, explain how you can help them solve their
problem and why you are the best one to do that. Be completely
unattached as to whether they say yes or no to you. You'll
stand out by the fact you are not trying to push them into
a sale. Instead you are trying to help them make the best
decision for them. Your confident approach will pull them
towards you while your competitor's desperate approach will
push them away.
Strategy Three: Sell unique results, not your products.
Your competition will have no doubt fallen into the trap
of selling their products as they think that is what people
buy. They'll be trying to show how their widget is the best
widget as it has the "x" feature etc. You can
stand out by selling what people really want to buy: an
end result or a business outcome. Your product is only one
component of that outcome. Sell all the other components
as well. Even if your product is a commodity, how you deliver
the outcome can be unique. How you deliver and assure support
and service can be unique. How you make your customers feel
can be unique. Convey and sell this uniqueness. If you are
not sure what your uniqueness really is, find out fast so
you can sell it.
Strategy Four: Do not focus on the sale.
Your competition will be focused on making a sale. Their
sales process will reflect this intent. They'll probably
be skilled in persuading, in answering objections, and in
going for the close with a variety of techniques. They will
not care if the customer does not buy from them again or
refer others. They are only focused on getting the sale
no matter what the long term consequences.
Stand out from your competition by having your sales process
and your focus be about making a customer for life. To you,
the initial sale is small in comparison to the additional
sales that will result from this customer in the future
and the referrals that will result. It also means that if
you don't get the initial sale, you keep growing the relationship
with the prospect until you do secure that first sale.
Just follow these four strategies and you will easily beat
your competition. Your prospects will pay a higher price
for the greater value of the results you are offering. Your
new customers will want to see you again and will remain
loyal over time. Try these strategies and see!
Tessa Stowe has a monthly Sales Conversation newsletter.
Learn more at www.SalesConversation.com.
Reprint Permission: SalesDog Newsletters
may be reproduced and redistributed in any print or electronic
form provided that "www.SalesDog.com"
is indicated as the source. Distribution on Internet should
use a live link to our site.
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Break
Out of Your Slump
Get
Top Dog Recession-Busting Sales Secrets and learn
how the pros are selling more...right now, every day! Free
shipping and handling. See
it here.
Trivia:
Who
was one of the best known gangsters, sometimes referred to
as, "The Big Fellow," "Scarface" and "Public
Enemy Number One?" (Hint: he was well known for his temper
and violence but he was also one of the first to open a soup
kitchen that provided food and clothing for the needy)
Word
of the Week: Absquatulate verb [ab-skwoch-uh-leyt]
- To leave quickly or in a hurry; to take oneself off;
to decamp; to depart.
Example: Your horse has absquatulated!
Definition
& Example courtesy of Dictionary.com
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YOUR FREE DOWNLOAD HERE |
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Trivia
Answer:
Al
Capone
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Do
the write thing...
I
really appreciate your feedback. I read and try to respond
to all I receive. My email address is Michael@SalesDog.com.
Please send your comments and suggestions directly to me rather
than hitting the reply button or odds are I'll never get it.
Do
The Dog a Favor. If you found this week's advice
helpful, please forward
this page and invite your friends and co-workers who sell
for a living to join the pack.
The purpose of the SalesDog newsletter is to inform,
inspire and challenge you.
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Redistribution
Notice: SalesDog Newsletters may be reproduced and
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