Public Relations & Social Marketing Insight
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Public Relations & Social Marketing Insight
Social marketing, PR insight & thought leadership - from The PR Coach
Curated by Jeff Domansky
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107 Mind-Blowing Sales Statistics That Will Help You Sell Smarter [SlideShare]

107 Mind-Blowing Sales Statistics That Will Help You Sell Smarter [SlideShare] | Public Relations & Social Marketing Insight | Scoop.it

When I discovered these two facts, I was shocked.


44% of salespeople give up after one follow-up.


80% of sales require five follow-ups.


In other words, 44% of salespeople aren't putting in 1/5 of the effort needed to close the deal. Too often we give up after one follow-up email, despite data proving that multiple follow-ups are required.  Yet persistence is only one lesson that can be learned from the following 107 sales statistics. There are countless others to be revealed.


Check out this SlideShare to sell smarter, stop wasting time on useless tasks, and start closing more deals in less time:...

Jeff Domansky's insight:

These selling statistics will permanently change the way you prospect, qualify, and close.

Everett Bowes's curator insight, May 22, 2017 11:56 PM

These selling statistics will permanently change the way you prospect, qualify, and close.

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5 Unexpected Sources of Information On Your Prospects

5 Unexpected Sources of Information On Your Prospects | Public Relations & Social Marketing Insight | Scoop.it

According to a 2016 study from HubSpot Research, “Buyers Speak Out: How Sales Needs to Evolve,” prospects want to work with salespeople who can offer advice and expertise beyond just a description of product features.


Sixty-one percent of buyers say reps can provide a positive experience by providing relevant information. Roughly half of buyers appreciate when salespeople recommend multiple strategies beyond their business offering, and 45% want salespeople to be invested in their goals.In other words, prospects want to work with reps who understand their unique priorities, challenges, and industry landscape.


You can learn some of this information through traditional methods, such as asking your prospects directly and reading their company websites and blogs. But these sources won’t lead to all the answers you need. In addition, you can earn trust by beginning the sales conversation with an intimate understanding of the buyer’s business -- rather than relying on your meeting to get the facts. These five unexpected places you can research prospects will clue you in....

Jeff Domansky's insight:

Want to impress your prospects with your knowledge? Use these information gold mines.

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The Best Time to Call Prospects, Based on Data From 100,000 Calls [Data]

The Best Time to Call Prospects, Based on Data From 100,000 Calls [Data] | Public Relations & Social Marketing Insight | Scoop.it

“The right thing at the wrong time is the wrong thing.” - Joshua Harris

Have you ever called a lead on a Tuesday morning and heard nothing, but tried that same lead two days later and they responded back almost immediately? That’s not luck -- there’s some science behind why this happened.

 

According to research from James Oldroyd and InsideSales.com, effectively reaching out to prospects comes down to one thing: timing. For example, did you know 4-5 p.m. had a 164% better connection rate than 1-2 p.m.? Or that connection rates drop by 400% if you respond in 10 minutes instead of five?

 

The following infographic reveals the best times and days to connect with respond to prospects. Science and data are starting to dominate sales. Are you keeping up?...

Jeff Domansky's insight:

Learn about the best and worst times to try and connect with prospects by phone and by email.

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9 Phrases Singlehandedly Ruining Your LinkedIn Invites (And What to Write Instead)

9 Phrases Singlehandedly Ruining Your LinkedIn Invites (And What to Write Instead) | Public Relations & Social Marketing Insight | Scoop.it

Most prospects have tens (or even hundreds) of pending LinkedIn invites to respond to -- which means that when they finally get to yours, it’s only getting mere seconds of attention.


And in such a short span of time, a single bad line can condemn your invite to the “ignore” pile. If you want your invites to get accepted, check out nine clunkers to never use again...

Jeff Domansky's insight:

Unless you want your LinkedIn invite to go straight to the rejected pile, HubSpot suggests you avoid these 9 phrases.

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Consumers shopping for freebies? Or marketers assuming so?

Consumers shopping for freebies? Or marketers assuming so? | Public Relations & Social Marketing Insight | Scoop.it

It’s a pretty common lament online amongst brand marketers that the market is so spoilt by those offering everything free to the consumers, that there’s hardly anybody wanting to purchase anything at all.


Now we all know that isn’t true, because research every year points to fast growing volumes of internet selling and buying, and the trend seems only more increased with mobile now becoming the medium of choice for even more buying and selling than before. Could it be that it’s not really the customers online who are window shopping for freebies, and it’s the marketers who are assuming that customers want things free and will not pay?...

Jeff Domansky's insight:

How can online sales be booming year on year if all that customers really want is freebies? Are marketers making wrong assumptions on consumer psychology?

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Ultimate Guide to Prospecting: How Many Touchpoints, When, What Type | HubSpot

Ultimate Guide to Prospecting: How Many Touchpoints, When, What Type | HubSpot | Public Relations & Social Marketing Insight | Scoop.it
It’s incredibly rare that a prospect responds to a salesperson’s first outreach attempt. This necessitates following up … and following up on your follow ups.

But how many prospecting touchpoints should salespeople make before they call it quits? When should they send these messages? And should they email, call, or reach out in another way? The “how,” “when,” and “what” of following up is important to get right if a rep hopes to snag the buyer’s attention and make a sale.

Here’s a guide that can help you optimize your prospecting process and significantly improve your response and connect rates, even with no changes to the content of your messaging.
Jeff Domansky's insight:

How many? Useful guidelines for sales touchpoints.

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Cold Calling Is Dead: 15 New Prospecting Strategies Salespeople Should Use

Cold Calling Is Dead: 15 New Prospecting Strategies Salespeople Should Use | Public Relations & Social Marketing Insight | Scoop.it

The Harvard Business Review reported cold calling is ineffective 90% of the time, and more recent research shows that less than 2% of cold calls actually result in a meeting. Assuming a 0.3% appointment-booking rate and a 20% win rate, it would take 6,264 cold calls to make just four sales.


15 Lead Generation Alternatives to Cold Calling


What can the modern business do to protect its future and get new leads without cold calling? The good news is that it doesn’t involve a circus act or shameless begging of any sort. The bad news is that it requires a completely different way of thinking and some serious energy and hard work. Here are 15 alternatives to cold calling salespeople can use to generate leads....

Jeff Domansky's insight:

Use these lead generation strategies instead of cold calling.

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A Primer on Persuasion: 19 Strategies to Convince Prospects to Buy

A Primer on Persuasion: 19 Strategies to Convince Prospects to Buy | Public Relations & Social Marketing Insight | Scoop.it

How often do you get a call from a prospect you’ve never spoken to before who says, “I love your service and it’s the perfect fit for my business. Where do I sign?”

Probably not that often.
That’s where persuasion comes in. Some deals are easier to close than others, but all sales conversations will involve some degree of persuasion -- even if both salesperson and buyer know your offering is the best choice.

It’s not easy -- if persuasion were simple, far more than one-third of all salespeople would make quota. But adopting the techniques below can make you more convincing, and influence prospects to buy....

Jeff Domansky's insight:

Here's a useful guide to sales and persuasion.

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Stop Doing Stupid Sh*t: 8 Outdated Sales Tactics to Abandon in 2016

Stop Doing Stupid Sh*t: 8 Outdated Sales Tactics to Abandon in 2016 | Public Relations & Social Marketing Insight | Scoop.it

I’ve been selling for 30 years, and it’s been a blast. I’ve seen some incredible changes, and I can say without a doubt that right now is the best time to invest in a sales career. Sales is fun, critically important to scaling businesses, financially lucrative, and intellectually stimulating.


But being a salesperson in 2016 is very different than being a salesperson in 1986. Buyers have changed, and so top salespeople have to change with them. Things that worked 30 years ago don’t fly anymore, but it’s for the best. Although it’s arguably more difficult to sell effectively in 2016, it’s easier for top performers to differentiate themselves.


And the first thing you need to do is drop the eight tactics below. These are all things that worked when I started out in sales, but smart salespeople should never try these tactics today....

Jeff Domansky's insight:

Sales has changed a lot in the last 30 years. Salespeople need to follow suit. Here's how.

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How to Overcome 18 Common Buyer Objections

How to Overcome 18 Common Buyer Objections | Public Relations & Social Marketing Insight | Scoop.it

Deftly diffusing a potentially conversation-ending roadblock is one of the hardest parts of a salesperson's job. While specific sales objections vary significantly based on the specific product or service that's being offered, most can be grouped into larger categories: price, timing, disagreement among the stakeholders, etc.


Wouldn't it be nice to have a strategy guide that could help you rebut these common doubts?


The wise people at RAIN Group have heard your pleas. The infographic below lists 18 oft-invoked objections, along with suggestions on how a salesperson could overcome them. Forward this to your sales team, and fear the dreaded "but" no more....

Jeff Domansky's insight:

Discover 18 practical methods to overcome buyer objections.

Olafur Haraldsson's curator insight, April 5, 2016 6:04 AM

Discover 18 practical methods to overcome buyer objections.

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15 Sales Email Opening Lines That Put "Hi, My Name Is" to Shame

15 Sales Email Opening Lines That Put "Hi, My Name Is" to Shame | Public Relations & Social Marketing Insight | Scoop.it

You know what tips buyers off that the email they're reading is a sales pitch?


"Hi, My name is John Smith, and I'm a sales rep at Company."


Yup. That'll do it.


While you should never actively hide the fact that you're a salesperson from buyers, there are far more creative and engaging ways of opening sales emails than the standard name-and-company introduction. "Hi, I'm a salesperson" encourages readers to hit "delete" immediately, which is a shame because you probably have something valuable to offer. Changing up your opening lines to position yourself as a consultant, business expert, or interested party will do you justice and keep the prospect reading.


If you're struggling to think of alternatives to the standard opening line, take one of these for a spin and see how they perform for you. ...

Jeff Domansky's insight:

Opening your sales email with "Hi, I'm a salesperson" prompts your prospect to delete. Get 15 creative opening lines that keep buyers reading.

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Cold Calling Is Dead, Thanks To LinkedIn

Cold Calling Is Dead, Thanks To LinkedIn | Public Relations & Social Marketing Insight | Scoop.it

...Calling somebody cold.Out of the blue. No referral. No information. No relationship. No trust. No credibility. No rapport. No introduction. No qualification. Just cold.


Why would anybody with half a brain and bills to pay ever do that?


Then I read more of his article and found he made some pretty good points and I cooled down a bit....

Jeff Domansky's insight:

How LinkedIn is changing sales forever.... 

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