5 Powerful Tips On How To Sell In An Economic Downturn

Believe and achieve!the mediocre wannabee or the 9-5 order taker.
One of the problems with all of this talk aboutSalespeople like these could well be in for a rough
recession is that once people believe there istime.
going to be a recession they start to feelWhen did you last read a sales training book on
negative about their business prospects and onlyselling? How many sales training audios have you
tend to see what they believe rather thanlistened to over the last month? How many sales
believing what they see. Once you believe thattraining seminars have you atteneded in the last 6
there is going to be a recession you tend to onlymonths? For 80% of salespeople reading this, the
notice articles, comments and statistics thatanswer is zero.
support your beliefs.4. Improve your service and focus on
What's more, your negative beliefs quickly affectrelationships
your outlook and the way that you feel aboutAs I write this many companies will be working
your business prospects.out how to cut corners. They will try to save
If you thought 2008 was going to be a greatmoney by tinkering with their business offerings.
year for business, your best year yet; how wouldThey will try and eek extra profits out of their
you feel?clients by cutting the bells and whistles from their
On the other hand, if you thought this year we'reofferings. This is not a good idea. A Swiss cow
going to have a major downturn and you andwith no bells is just a cow and no-one would send
your business would be badly affected; howpostcards of them home!
would you feel?If business is tight you want to be wowing your
Mighty different huh? And remember, nothing'sclients with the best service that they have ever
changed here other than your belief. Having ahad, from you or from any of your competitors.
positive and supportive belief structure is essentialYou need to be going the extra mile. If a
if you want to succeed in any market but it isrecession bites many companies will try and
vitally essential if you want to keep on selling in adiscount to survive. They probably won't
tough one.(survive), but you don't want your clients going to
Having a winning belief system does not meanthem as they try to keep their heads above
that you need to be deluded however! In thewater! You need to "lock in" your existing clients
middle of the darkest recession you don't want tonow so that they won't even think about going
have your eyes shut! But you have to understandanywhere else.
that in a downturn clients want to partner withSpend time with your clients. Build stronger
the best companies. Suppliers that they can relyrelationships with your clients. Make sure you truly
on. Suppliers that support them. Suppliers who areunderstand them, their concerns and their
going to be around tomorrow. And if yourbusinesses. Find ways to help them and add value
competitors struggle, that means more sales andover and above what they could have ever
more business for you.expected.
2. Get proactive5. Leverage your efforts
You need to be more proactive. Much moreIn a soft market many salespeople only chase
proactive. You need to do more marketing andthe easy stuff. They don't chase the tough stuff.
more selling. You need to attend more eventsThey're doing ok, they don't have to. They're
and do more networking. You need to do moremaking sales right?
promotion and more canvassing. You need toWrong.
increase your sales activities, maybe dramatically.Most salespeople have all sorts of opportunities
In a recession many companies cut their saleswhich they squander every day and every month
activites. They figure, "If we're not going to sellbecause there are seemingly easier things that
anything, what's the point?" Many individualthey can be doing. This is particularly true in an
salespeople do this too.industry or a company where leads have been
Cut your activity, cut your sales. You're a living,relatively easy to come by, where sales targets
breathing, self-fulfilling prophecy! You believe thereare relatively soft (I could tell you which industries
is not much business out there, so you feelbut I'm not going to) or where salespeople are
negative. That in turn affects your activity andoverpaid so don't crave the business (again, I'll
your activity destroys your sales results.keep this to myself!).
Even if there is not as much business out there,In a tough market you must leverage all of your
then you need to be more active, more focusedefforts. This is basic sales 101 and should be stuff
and more targeted. If your competitors arethat you do every day anyway... Here are just a
easing off a little, now is the time to up the antifew ideas.
and grab your share of the market. Even if thereAlways ask for referrals. Referrals are great
is a blip, you will be strongly placed when activitybusiness but most salespeople do not ask for
picks up.them because clients often say no. Learn how to
One of my friends went down to our local estateask for a referral properly and then build asking
agent this week to put his house on the market.for a referral into your sales process and ask for
He was told that maybe he should wait as heone every time.
might not get the price he wants right now. TheyUpsell and cross-sell. Whether though laziness, lack
told him the market was quiet and that might notof knowledge or lack of ability many salespeople
be able to sell the house at all. Better to wait forsit on accounts where there is so much more
the market to pick up. I walked past their officesbusiness than they are currently leveraging.
later on that day. They were all sitting, chattingExtending your business with existing clients will
and drinking coffee. They were probably moaningnot only make you more money, it will also
about what a bad year it's going to be. If I's havestrengthen your relationships with and value to
been in that office, I'd have taken my matesthem and their businesses.
house on and I'd have been on the phoneContact dormant accounts. Most companies have
drumming up some viewings. 50 calls, 100, calls,hundreds if not thousands of "dormant" accounts.
500 calls... Whatever it takes. I'd have foundThere may be multiple reasons for this from
someone.changing business practises to fall-outs with the
Talk about killing your own market! If you seeclient. Dormant clients may well be redeemable
less business then you need to do more sales andand may have been "lost" purely because
marketing, not less. That's common sense.someone forgot to ring them or a salesperson
3. Sharpen your sales skillsmoved on. Get in touch with them!
If a workman needs a spade and a farmer needsFollow up on all leads. I recently contacted 5 health
a horse; a boxer needs a defence and a chefinsurance companies over the web. Only one
needs a recipe; what do salespeople need? Thereplied. You should not be burning leads like this in
answer's obvious - it's sales skills.any market. Follow up on all leads professionally
Most salespeople do not spend enough timeusing a proven sales system like the ones I teach
working on improving their sales skills andin my sales training seminars and programmes
techniques. Sales training and development is notand you will close more business. New business is
something that many salespeople spend their timethe lifeblood of any business in any market.
on out of choice. Perhaps they can get away withSo there we are, 5 tips to help you to sell in a
this in a booming marrket when sales are easy.recssion. This year may well prove to be an
Perhaps not. But things will always change if theinteresting year for some businesses and
market tightens. Sales success will go to theindividuals. Some of this will be down to the
salesperson who really understands why peoplemarket itself. Much of it will be down to you and
buy and can help people make the right businesshow you react and respond to what might be a
decisions. Salespeople of this calibre stand tochallenging year.
benefit from possible changes ahead becauseHere's my prediction for the year...
there will be more business for them as theirThere will be winners and there will be losers.
competition falls by the wayside.Which are you going to be?
Sales will not go to the journeyman salesperson,