Quality in production is the efficiency with which you make your products or provide your services. While the quality of your products may be in superior in your customer’s eyes, your profit margin is the judge of your production quality. The as you increase the efficiency with which you make your products or provide your services your waste, time and costs will decrease. Here are 7 tips to help increase the quality of your production:
In the sales process there are points where a prospect may have reservations about making a purchase. In a sales role, your duty is to create a positive relationship where trust is quickly established and maintained. As the knowledgeable guide bringing your prospect closer to a solution, handling objections must be executed with tact and grace.
Avoid arguing with your prospect
Building a positive relationship with a prospect requires patience and tact. An adversarial relationship is less likely to lead to a sale and the possibility of a repeat purchase is extremely unlikely. Opposing opinions can be changed but your goal should be to encourage them to discover differences for themselves rather than push them into something they don’t want.
Give options not ultimatums
Engage your prospects in a conversation about options for their decision but be careful about putting them in a position of having to say yes or no to your offer. Forcing your prospect into an ultimatum may overlook reservations or issues that have not been addressed. The more a prospect feels in control of their decision the more they can trust you to be their knowledgeable guide for your prospects as they make their way towards their final buying decision.
Respond on an emotional level
Buying is an emotional decision and thus appealing to prospects feelings will create a stronger relationship. Until your prospects know that you recognize their emotionally based concerns they will not be ready to hear your “logical” argument By reducing ultimatums and encouraging more flexibility and emphasizing perception the “feel, felt, found” method of communication can build trust.
Take blame when it doesn't really matter
Some objections result from simple misunderstandings or miscommunications. While you never want to argue with a prospect they will need to be corrected occasionally where misunderstandings can impact your reputation or the potential for a sale. Inaccuracies can be easily corrected and it is easy to accept responsibility for errors in communication.
Recognize the buying signals hidden inside objections
When a prospect has a specific objection it indicates that they are paying attention to what you are saying. In some cases one or two objections can often be buying signals in disguise. If you can isolate these issues the probability of a purchase can increase.
Make sure you are in front of all the decision makers
Your sales pitch has been designed to create excitement and reduce reservation, but if it is not targeted at someone with the authority to buy your resources may be wasted. If you are able to speak to someone in an organization make sure they are someone who controls finances. As anyone relaying your sales pitch internally won’t deliver your message the way you want.
Exciting short term gains including increases in cash, customer base and sales impact your entire business in significant ways. Preparation for growth is key and anticipating how scaling for growth will impact your business will keep your business robust. For production, unmanaged growth can result in product returns due to production errors, missed deadlines due to production capacity overloads or even a complete shut down due to a lack of financial or other resources.
Do the people in your company work effectively together?
A strong team dynamic is critical to meeting business objectives in the modern competitive business environment. While the virtues of teamwork are silently acknowledged, the direct benefits of working in a team are pretty clear. While individual experts may be able to perform their tasks, teams of experts can more combine skillsets to produce truly innovative work. Here’s our list to convince you why its worth fostering stronger teams:
1. Consider expanding into foreign markets
North America isn’t the only market in the world. Even a small business, in many cases, can expand their sales reach to include foreign markets. To determine if this is a wise option for you, begin by developing relationships with export centers and other associations specializing in reaching foreign markets.
2. Reach out to new market sectors
Very often a company can sell an existing product to a new target market with little more than a shift in market positioning. Some companies can significantly increase their customer base by doing this. For example, Nintendo successfully expended their share of the electronic game market with the Wii product by promoting video games to the previously untapped market of middle aged women. So ask yourself, who else might be interested in your products or services?