No matter what industry you find yourself in, there are probably multiple ways that you can improve on what you’re doing. Many companies have a hard time figuring out how to improve sales numbers without spending a ton of extra money to get the job done. If you are interested in improving your business sales, here are a few tips to keep in mind.
1. Motivate the Sales Staff
If you want to be able to improve your sales, one of the best things that you can do is make sure your sales staff is motivated. When your staff is motivated, they’ll be much more likely to produce numbers. One of the best ways to motivate sales staff is to make sure that they are fairly compensated for the sale that they bring in. Come up with a compensation plan that rewards sales and extra effort. If your sales staff doesn’t think that your compensation plan is fair, they won’t be willing to go out of their way to get sales. Besides offering a better compensation plan, you should also consider offering some other incentives along the way. For example, recognizing your top performers were giving them some type of a prize for making the most sales can go a long way toward motivating them.
2. Get Your Marketing Efforts in Line
One of the biggest mistakes that many businesses make is that they allocate too much money to the wrong types of marketing avenues. You will probably need to spend a big chunk of your money on advertising, but you need to make sure that you’re putting your money into the right channels. For example, if you are throwing money away on a television advertising campaign that doesn’t work, it might be in your best interest to try to advertise online with pay-per-click ads or banner ads. Track your marketing efforts to make sure that you are getting the most bang for your buck regardless of which channel you choose.
3. Get Pricing and Promotion Right
As part of the marketing mix, every business has to focus on pricing and promotion. If you have your products at the right price point, this will go a long way toward helping you increase your sales. In some cases, you may have your product overpriced just slightly, which can drive business to one of your competitors. In addition to making sure that you have the right price, you also need to offer the right promotions. For example, you may want to offer a coupon discount or advertise a sale periodically.
Once you implement some of these strategies, you should be able to improve your company’s sales over time. Tweak the different variables involved until you have a strategy that works.
About the Author: This guest post is contributed by Debra Johnson, blogger and editor of Liveinnanny.com. She welcomes your comments at her email Id: – jdebra84 @ gmail.com.