Top 10 Selling Mistakes

Achievement of selling excellence is most often earned rather than learned. Outstanding professionals continuously seek to hone their skills from mistakes made and lessons learned in pursuit of success. Professional sales people in search of extraordinary selling competence are no exception.

There has been an ongoing philosophical argument among sales professionals whether extraordinary sales people are born or made. Most think born, because few people can maintain consistent sales generation performance within the same span of time needed to achieve financial and motivational stability.

Since most sales peoples compensation is based on actual sales orders obtained, not good intentions or positive attitudes, the selling professions relatively high rate of job turnover is most often validated fraught with intense frustration and an insurmountable learning curve that crosses many industries, products and services.

Selling skill is best achieved via real world practice not sales training theory, supported by guidance from others who have taken the same career path previously and are generous enough to share their learning experiences. This article attempts to guide you past the potholes on the road to selling success. Like most professions, the most common mistakes made can be boiled down to a short list of avoidable choices many of us naturally make in our pursuit to make a living.

10 Selling Mistakes You DONT Have to Make!

1) Exhibiting Little Self Confidence: There is no direct place to send you to get more self confidence. The more you have in selling the better. Most importantly, the more you exhibit to your existing or potential customer the better your product or service is perceived by them, the greater your probability of continued selling success.

2) Stretching the Truth: No one likes getting lied to, especially someone who is about to spend their hard earned money based on factual liberties told to them from the sales representative. Maintain your reputation first and foremost; it supersedes you in every sales call. Honesty should be the first adjective you want most of your customers to describe you with.

3) NOT Saying I Dont Know, When you Dont Know: This is a classic selling mistake! Discipline yourself to admit to your customer that you dont know about something anything! It is most credible to say, I dont know, but I will find out for you, than to try to sound like you know what youre talking about. As you continue to practice this principle, your knowledge base and your clients perception of your expertise will continue to increase.

4) NOT Looking the Part Selling involves approaching strangers, people who have never met you before. People naturally base purchase decisions on first impressions. Look the part you are playing, or better yet, exceed the common image expectation in your industry. Always dress and groom one level above your targeted audience. It portrays success and gives you an opening edge over your competition. The least you can do is look like you know what you are doing!

Why Multi Level Marketing is a Money Laundering Business

Why Multi Level Marketing is a Money Laundering Business

MLM or Multi Level Marketing has been around for many years, and everyone knows someone who was talked into joining one of these “passive income business opportunities”. Over the years, however, MLM has quickly gotten a bad name for itself because of the dubious sales techniques and the false claims made to new recruits. The question remains, however; is MLM really a scam?

Identifying MLM Sales Strategies

The basic idea behind MLM businesses is to set up a chain of clients and distributors to sell products and services or recruit new members into the chain. In essence, this type of sales strategy is a sound one, but there are some inherent differences between setting up chains of distributors to make a profit and collecting money from new recruits who are then forced to sell products and services that are expensive and unpopular. Does your recruiter make his or her money from your sign-up fees? Are you required to get others to join to make a profit? If you answered yes to these question, the MLM business you are about to join is a scam.

The Expense of MLM Products and Price Fixing

Price fixing is a major problem with MLM businesses. As each new distributor joins the business, they are provided with a list of products that they are required to sell, and you will be able to separate a legal MLM business from a dubious one simply by analyzing the costs of the products and services. Prices that are fixed, inflated and will not sell well to the general public are signs of a scam and not a good business opportunity. These prices need to be inflated so that those on the higher rungs of the chain will make money, but these ventures end up failing very quickly, and those that bought into the idea are left to wonder where their money went.

Selling Directly to a Consumer VS Multi Level Marketing

Marketing directly to the end consumer is a safer, more effective way of starting up a business, and you do not have to deal with all of the “warning signs” and marketing schemes associated with fraudulent MLM businesses. The words “passive income” are all too convincing to the average person, but it takes hard work to set up a new business, and anyone promising anything less is bound to be looking to put a hand in your back pocket.

When you are marketing directly to a consumer instead of involving yourself in a chain of distributors, you will be able to set your own prices and ensure that the quality of the products and services you sell are high. Do not be fooled into thinking that MLM businesses are simple, quick or efficient ways to make money; it is the products and services that will make you money, and if they are too expensive, of a low quality or involve paying fees for the “privilege” of selling them, you are bound to find yourself red-faced and wondering how you fell for this type of scheme at all.

How to Build Great Relationships through Cold Calling

Master the foundation for cold calling success

Sometimes the finest solutions are the simplest. Focusing on relationships when making cold calls is one of them. It keeps us genuine, and eliminates our dread of making cold calls. Were real people talking about real things. Were interested in the conversation, and it shows.

Most of us dislike putting on our “salesperson persona” when we make cold calls. We think its needed, however, because weve been trained to make the sale. And yet were interacting with a live, breathing person without having any real connection to him or her. It often feels fake, and it often is.

This artificial role puts a great stress on us, and sabotages our cold calling conversations. When we arent genuine, its a red flag to the other person that we have a sales agenda. This puts nearly everyone “on guard.” Theyve never met us and are wary of possibly being manipulated.

Have you ever noticed that most cold calls break down the moment we try to “move” things along towards a sale? Its as if were getting ready for battle, and the tension pushes us along.

But the person weve called doesnt know us. The momentum were trying to impose puts him or her in a defensive position. Theyre protecting themselves from a potential “intruder” who might have a self-serving agenda.

So how can we to shift into something more positive? We begin by focusing on the relationship rather than salesmanship. We call with the anticipation of meeting someone new, and looking forward to a pleasant conversation to find out whether we can be of service. This mindset is subtle but powerfully felt by the other person.

Building relationships humanize our cold calling conversations — and ourselves. We are less artificial. Cold calling conversations become more natural. And people tend to respond with more warmth and interest.

The point is not to use the “technique of building relationship” to improve sales. Thats having a hidden agenda rather than a relationship. Our goal is to see if we can provide something that will benefit the other person. If it doesnt, then we prefer not to continue interrupting their day. Thats a real relationship, even if brief.

When were being real people treating others as real people, the difference is amazing. Both people are both more at ease. We anticipate talking with someone who may possibly have an interest in what we have to offer. And if they dont, weve enjoyed our time with him or her.

When others feel this relaxed mindset from you, they are much more likely to welcome you into their day. But if you rigidly follow a script or launch into a mini-presentation, then your call is immediately pegged as something initiated primarily for your own gain. And that puts most people into resistance.

Here are 8 keys to building relationships in cold calling:

1. Focus on the other persons needs rather than on securing a sale

An Introduction to Insurance Lead Generation

It is vital that insurance salespeople have a steady stream of leads. Often, people dont even know about a particular type on insurance and it is up to a salesperson to explain it to them. The salespeople must have good leads in order to know who may be more open to purchasing certain types of insurance.

Insurance lead generation is done in a couple of ways. One common strategy is the use of a list service. A list compiling company generates the leads by gathering extensive information on people and then selling either the entire list or individual leads to the insurance salesperson. Insurance companies also offer free quotes in order to create awareness and interest in their services. Of course, advertising is another insurance lead generation technique.

List compiling services sell their lists to insurance companies. These lists often have pretty in depth information. For example, if someones address is located within a known flood area, the insurance salesperson could offer him or her flood insurance. The list services sell the leads in a number of ways. They sell the leads individually, sell the entire list once, or allow the insurance company to subscribe. When companies subscribe, they get a new list with fresh leads at certain time intervals.

Free quotes are a great form of insurance lead generation. People become interested in the prospect of saving money when the insurance company offers free appraisals and quotes. Often, the insurance company will offer their rates along with the rates of some of their competitors.

Advertisement is a major insurance lead generation technique. It seems that all media, including TV, radio, and print are flooded with ads for insurance companies. These ads create awareness and consumer interest in the company. These ads come in a variety of forms, from serious to comical.

Everyone needs some types of insurance. It is vital that insurance companies capitalize on the need that people have for insurance by capitalizing on leads. Insurance lead generation guarantees that the insurance salespeople have a steady stream of potential customers.