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sales compensation Archives - KASH Development Corp - kashdev.com https://www.kashdev.com/category/sales-compensation/ The Catalyst for Sales and Profit Acceleration Thu, 18 Jul 2024 16:29:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.kashdev.com/wp-content/uploads/2018/06/cropped-kdc-bug-small-logo-32x32.png sales compensation Archives - KASH Development Corp - kashdev.com https://www.kashdev.com/category/sales-compensation/ 32 32 147473839 Finding the Decision Maker… https://www.kashdev.com/finding-the-decision-maker/ https://www.kashdev.com/finding-the-decision-maker/#respond Tue, 16 Jul 2024 16:16:01 +0000 https://www.kashdev.com/?p=1470 Making a sale requires us to be with the person that can make the decision. Unfortunately, many companies you sell to will not allow access to the people that really “call the shots”. Or at least they will make it … Continue reading

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Making a sale requires us to be with the person that can make the decision. Unfortunately, many companies you sell to will not allow access to the people that really “call the shots”. Or at least they will make it seem that way. Instead, they force us to deal with information collectors who will bring “the committee” the information without having to meet with the salesperson. Or, people often make themselves out to be the decision maker when in fact they are not. In either case, we are stuck with a non-decision maker and dramatically lower our chances for success.

We have learned that finding the decision maker can be easy to do when you think about the decision process or how the decision is made rather than who makes the decision.

Suppose you were talking to “Joe” at Acme Industries. Rather than ask Joe if he is the decision maker, a better strategy to follow is to ask Joe how Acme makes this type of decision? This process oriented question will now get Joe to begin to divulge their decision making process. Joe might say, “In order for me to make this type of decision I would need to see a proposal.” To determine if Joe is the decision maker we would need to ask, “If you get the proposal and let’s say you like what you see, what would a next step be for us?”

Joe has two options:
The first is to say, “If I like what I see I will buy it.”
The second is to tell us what the next step is in the decision making process. He might need to say, “If I like it I would then bring it to Bob for his approval.

By asking “What happens next?” we find out if they are able to buy or if there is another step in their decision making process and we need to stay on top of them. The key in finding the decision maker is to not ask “Who is the decision maker”, but to ask questions regarding the process they use to make decisions.

Remember, after each step of their decision making process always ask “What happens next”. Understanding their process is the key to getting to the real decision maker.

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The Power of Listening: Unveiling Buyer Motives https://www.kashdev.com/the-power-of-listening-unveiling-buyer-motives/ https://www.kashdev.com/the-power-of-listening-unveiling-buyer-motives/#respond Tue, 29 Aug 2023 05:12:00 +0000 http://www.kashdev.com/?p=1426 In the dynamic landscape of sales, one skill stands out as a game-changer: listening. A salesperson’s ability to truly listen can be the difference between a successful deal and a missed opportunity. Why is listening so critical? Because it holds … Continue reading

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In the dynamic landscape of sales, one skill stands out as a game-changer: listening. A salesperson’s ability to truly listen can be the difference between a successful deal and a missed opportunity. Why is listening so critical? Because it holds the key to uncovering a buyer’s motives, needs, and desires.

The Art of Asking the Right Questions: Asking questions is an essential part of any sales conversation, but the quality of those questions matters just as much as the act of asking. Thoughtfully crafted questions serve as a gateway to the buyer’s world, giving insight into their challenges, goals, and pain points. These questions pave the way for a deeper understanding of the buyer’s perspective, allowing the salesperson to tailor their approach and solutions accordingly.

Active Listening: Beyond the Surface: Active listening goes beyond merely hearing the words spoken by the buyer. It involves paying attention to tone, body language, and the emotions underlying their responses. A salesperson who engages in active listening can identify subtle cues that offer a glimpse into the buyer’s motivations, concerns, and hesitations. This invaluable information forms the basis for building rapport and trust.

Unveiling Buyer Motives: Imagine a scenario where a salesperson is pushing a product without truly understanding the buyer’s needs. The result? The buyer feels unheard and the proposed solution falls flat. On the other hand, when a salesperson listens keenly and asks the right questions, they gain insight into the buyer’s pain points and aspirations. Armed with this knowledge, they can present solutions that directly address these motives, showing the buyer that their needs are valued and understood.

Tailoring Solutions for Success: The ultimate goal is not only to make a sale, but to provide value to the buyer. By actively listening and understanding the buyer’s motives, a salesperson can tailor their solution to align with the buyer’s goals. This alignment creates a win-win situation: the buyer gets a solution that precisely meets their needs, and the salesperson earns their trust and loyalty (and their business).

Building Lasting Relationships: Sales is an opportunity to build relationships. By practicing effective listening, a salesperson showcases their genuine interest in the buyer’s success. This builds trust over time and lays the foundation for a lasting business relationship. Buyers are more likely to return to someone who values their input and understands their unique circumstances.

The art of listening is an indispensable skill in the world of sales. It’s not just about hearing words; it’s about deciphering motives, understanding needs, and building meaningful connections. By asking the right questions and actively engaging in the conversation, sales professionals can unlock insights that drive successful outcomes. Remember, the true magic of sales lies not in the offer itself, but in the profound ability to listen and respond effectively.

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