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Started by : Mohit Aggarwal, Sales/BD Manager, Oracle   07 30 2009 05:50:56 +0000
Industry : IT ProductsFunctional Area : B2B Sales(Sales & Marketing)
Activity:  58 views;  last activity : 07 06 2010 20:18:09 +0000

The sales cycle for many companies, from when a lead is generated to cash receipt, is quite complex and extensive, and there are many things that can potentially go wrong during the cycle to jeopardize the sale.

Please give your ideas............

 
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1 2 3 4
1 Cross seling with precautions
2 SKU's Matter
3 Up to date information
4 To know in depth competitors product

Cross seling with precautions

idea posted by Mohit Aggarwal Sales/BD Manager, Oracle

Sales people have a temptation for cross selling and they can jeopardize the sales cycle.And may sell only what they know, ignoring newer and, sometimes, higher-margin solutions.It varies from situation to situation and it is better to know the pulse of the client.

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by Ashok Wilfred George, CEO/MD/Director, Hero Mindmine  | 07 30 2009 09:58:21 +0000

http://groups.google.com/group/sales-guru

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SKU's Matter

idea posted by Makrand Bhave AGM - Corporate Business, E18, part of Network 18 Group

Take a very close at your SKU's. The answer will lie therein. Generally company's with a high bouquet of products and a number of SKU's (FMCG) particularly in the Thermoware, plastics, writing instruments, colours, home appliances etc., there is a mix of products that are low on MAV because of high quantum sales and High MAV. The products with a high MAV are generally not pushed by salesmen for numerous reasons. One of them being that if the target is quantity based and not value the low MAV products help them achieve it faster.

This is where a salesman has to be a little more clever. He has to bring in and identify means of selling the product mix in a manner where the value of the sales is higher than the quantum of the target. He has to bring about a very visible change in identifying more outlets with volume turnover and also new outlets that will have the capacity to stock and sell the higher MAV products. It is difficult but not impossible. There are techniques and ways to use this idea ffectively which I would not get into right now!! But the answer is always within the SKU's ... Look harder and the solution is right there staring at you!!

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by Paresh.Khanchandani , FCD Business Manager, ExxonMobil Company India Private Ltd.  | 07 30 2009 11:02:09 +0000

Very true said Mr. Makrand.

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Up to date information

idea posted by Ramdas Pawar Sales/BD Manager, Flex

I feel the that a sales person should have the information regarding the most recent pricing, promotions and up-to-date product information, a salesperson could quote an inaccurate price and/or misrepresent the product’s capabilities, which could, in turn, lead to a lost sale or the need to modify the terms of the sale. Such a common mistake can cause a slower sales cycle and there are chances of loosing the sales and creating a bad impression in the minds of the customer.

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To know in depth competitors product

idea posted by kasturirangan.r INSURANCE ADVISOR, Life Insurance Corporation Of India

The sales person should be aware of competitors product and analyse and at times accept customers complaints and suggestion, and remedial measure of one's product in future.

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