How do you maintain sales momentum during tough times?
Do you step back or step it up?
Have you been listening to the news and feeling the emotions around you? Maybe, like other business professionals, you have started thinking about ways to cut costs. Decreasing the dollars spent on marketing is often one of the strategies considered. Is this really the wisest choice?
I research a lot. Sometimes I laugh at myself for being an information junkie. I read everything; newsletters, newspapers, books and magazines. Lately, I have noticed two differing thoughts. Some businesses are focusing on the outcome, staying the course and continuing to implement marketing activities and develop the relationships critical to building and maintaining sales momentum. They may also be proactively ramping it up to cast the net wider and bring in more prospects to fill their pipeline.
Other businesses are reactively cutting back on marketing activities in an effort to lower costs.
The activities within your marketing plan are designed to play out over the course of time, keeping your business top of mind within your target market and generating leads for your sales pipeline. If you implemented activities last month when you thought the economic times were stable but not this month when you may think they are not, you are tampering with that consistency and therefore the flow within your pipeline.
Another factor is the length of your sales cycle. When times get tougher your sales cycle may be lengthening by an extra 30 – 90 days. Your marketing strategy may change slightly to take into account this extra time. However long your sales cycle may be, you need to stay in contact with your target market for the duration. I recommend to my clients, who are looking to maximize their follow through, to stay the course, maintaining the current level of marketing activities and also proactively implement more ideas rather than be reactively implement less.
Now is the time to change the game and do more with what you already have. Help your prospects and customers choose your business by adding more value. Look for ways to demonstrate this added value and ways to let your target market hear about it.
Below are several ideas you could implement to demonstrate added value.
The world will stand aside to let the people who are focused through.” – Unknown
Are you interested in implementing these ideas – or similar ones from your marketing plan – but you are getting bogged down by the details without the time, knowledge or expertise on staff to move forward? You will need a system that keeps warm leads in your sales pipeline long enough to develop from prospects to clients.
No problem. Contact Cheryl or call now at 866-642-5145 to book your “Get To Know You” appointment. We can explore ideas to leverage your prospect and customer relationships, build a plan to implement your marketing activities and help sustain sales momentum. Flexible support is available “as needed”.
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