Building From Relationship To Transaction

When you sell your products and services, it’s imperative that you learn your clients’ behavioural patterns and how they use your products to achieve results. They don’t buy your products at all, even though you put the emphasis on what they do and how they work. No, they buy the outcomes your products will produce for them.

This means you need to know the ‘industry’ your prospects work in, and actually become an expert in it, as well as in sales. Our courses are full of people who want to learn how to sell effectively, but they rarely spend time to learn enough about their customers’ world. How do they use your products? What do they do when things go wrong with it?

Knowing how they use your product will help you ascertain if they are a transactional customer or a relationship customer. Everyone in your Target Market is in a relationship phase until something happens that causes them to move into Transactional phase.   It’s those things that happen that moves target prospects from the relationship phase to the transactional phase.

It’s not just the special offers or the increased discounts that make people buy. It’s the changes in situations and circumstances that make them make decisions. Decisions are made that make people change from one situation to another.

They will buy food to help them go from the pain of hunger to the satisfaction of a full stomach. They buy clothes to take them from a situation of lack to abundance. They trade in a mobile phone to go from partial to complete.

These changes in circumstances can happen over a period of time or in a moment. The relationship you build up with them can determine who they choose to connect with when their circumstances change. The appropriate timing can make all the difference between whether they choose you or someone else. Building the relationship before the prospect makes up their mind could make the difference between a sale or a lost opportunity.

Most salespeople look to build value as the sale is progressing, adding value as time goes on. The astute salesperson builds opportunities and relationships before the situations occur for the prospect to make a choice. They add value before the sale. When the sale actually takes place, they have already built up the relationship, and so when the transaction takes place, the relationship helps them achieve their goals.

Here’s what we do at MTD to cement relationships before any kind of purchase:

* We offer valuable information in the form of newsletters, videos, blogs and podcasts that give vital tips and techniques to companies who would find them useful.

* We support ideas that consumers come up with and add value to them 

* We write articles in magazines and ezines that build people’s confidence in their positions

* We send out sales and management tips to over 16,000 people every week, giving ideas and tips on how to sell better

These help us build relationships with clients before we even know or meet them. Sometimes, people book on our courses because they have been receiving our tips for months or even years. When their situation has changed to the point where they need further help, that’s when they book on our courses.

So, how can you build value before you get to the transactional phase? Build up ideas of how you can show people the results of using your products. Build those relationships and then, when they are ready to get to the transaction phase, they will think of you and contact you.

Happy Selling!

Sean McPheat

Managing Director

MTD Sales Training

www.mtdsalestraining.com

(Image by  Stuart Miles at FreeDigitalPhotos.net)

Sales Blog Call to Action

Management Share Blog Button

How To Increase Your Client Transaction Value

Being able to sell more to more clients is the holy grail for salespeople. Your ability to get more business from current customers is really the foundation for improving the margins and quantity of product sales.

One way you can increase sales is by concentrating on increasing the value of each transaction with each client. You are dealing with people who know you, who need your products and services and have benefited from being one of your customers. They are ripe for extra pickings if you know how to do it legitimately and professionally.

Here are some tips to help you sell more to current clients and so add value to the relationship.

* Determine which promotional packages you could offer to specific customers. You can package up products that complement each other or offer greater value to the client if they purchase more of a certain item. Think how the benefits to their business can be magnified by taking advantage of those offerings.

* Look at how some products or services could be made more ‘up-market’. Are there some offerings that could be up-graded to make them appeal to more up-market clients?

* Up-Sell or Cross-Sell. What advantages would benefit the client if they had more of what you offer, or items that complement what you offer? See what you’ve got that would get the customer to look at other offerings.

* Create complementary packages that provide value to the client. Additional items might help them to provide quality and quantity to their customers.

* Put packages together that make the client feel they are getting more value the more they buy from you. You can add products together that shows how the value they get from you increases as they buy more

* Use promotions that build value in the client’s eyes. Just offering discounts for multiple purchases won’t always increase value. Building promotions that helps the client build their business just might

Imagine you’re able to increase the transaction value by just 10-20% by using these simple tips…you’ll help your clients to improve their businesses and you’ll see your sales improve too.

Before I sign off, here are some more tips on becoming a great sales person:

Happy selling!

Sean McPheat

Managing Director

MTD Sales Training

www.mtdsalestraining.com

(Image by Graur Razvan Ionut at FreeDigitalPhotos.net)

Sales Blog Call to Action

Management Share Blog Button