Learn the 3-ways to increase profitabilty

Learn the 3-ways to increase profitabilty

In any business there are three possible ways to improve profit, these are: Increase sales volume, raise selling price, and reduce costs. If the outputs of your business are services rather than physical products, this can be restated as: Increase the quantity of services provided, raise unit charges (for example hourly fee rates)...

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6-things you must do to develop your selling skills

6-things you must do to develop your selling skills

Consultative selling requires product knowledge and technical expertise, but equal to these is customer knowledge and skill. In consultative selling, you become a resource person who, because you fully understand the prospect’s specific needs, you can meet the needs that relate to your product or services and also cross-sell to meet the prospects broader spectrum of needs. 

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Do you really know how to develop your competitive advantage?

Part of critiquing your competitors is to understand how exactly you are differentiated from them. If the products and services we sell are exactly the same as the competitors, and we market them in exactly the same way, then the only differentiator we have is price. This is dangerous ground, particularly if our competitors are bigger and more resourceful than us.

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