Small Business Today Magazine JUN 2014 MASTERWORD SERVICES INC | Page 15

EDITORIALFEATURE Avoid a Dangerous Sales Process  That Could Kill Your Business By Craig Klein F ailure of your sales process doesn’t happen overnight.  Instead, the insidious threat to your business sneaks up on you with declining sales leads conversion. your company.  Like we said earlier, pushing today’s buyers can easily push them away instead of converting them, so you must change your tactics. With an increasing number of buyers not ready •Your first instinct is to believe your sales team for a sales conversation, companies benefit from is not doing their job. marketing automation that targets nurturing sales •Careful examination of sales staff may cause leads who are not yet ready.  It is smart for salesyou to lay off the poorer producers. people to quickly disqualify the bulk of sales leads •Motivating salespeople becomes priority so they can focus on those ready to have a sales one…pressure intensifies. conversation.  That way, the sales process be •Salespeople complain comes efficient and profitable. about the poor quality of the sales leads. Why nurture poor sales leads? Analyze lead •Analyze lead sources and Buyers want to be fully educatsources and make make some changes to ed and control the buying profind what produces high- some changes to find cess. They will welcome emails er quality sales leads. what produces higher from your company if your •Sometimes more monfocus is on good information quality sales leads. ey is spent on sales lead – not selling.  While they only sources to find the eluwant you to educate them, with sive “good” sales leads. no commitment from them to •Conversions and sales continue to fall.  ever purchase, you still benefit. •The company is in jeopardy. What’s going on??? The tragic scenario outlined X