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  • Will You Add? - The Truth, the Whole Truth, and Nothing But the Truth

    Financing Your Business with Accounts Receivable Factoring
    Obtaining growth capital has always been a major challenge – and stumbling block – for companies. Many business owners feel that the available options from a bank, basically a business loan or a line of credit, are close to impossible to obtain. Furthermore, most business owners have to go through a loan underwriting cumbersome process that takes weeks only to find out if they qualify. And, more often than not, they don’t qualify because banks have tough requirements and usually demand that the business owner have spotless credit.However, if you own a business that is selling services or products to good commercial clients, you have an alternative option. And you won’t find it at a bank.The option is called accounts receivable factoring and it enables you to capitalize on your biggest asset, your invoices from great clients. Factoring provides you with the working capital you need to grow your business and can help you if your biggest challenge is
    d that only 10% of sales people in any organization are what we might call "top performers" - those who regularly close at least half of their qualified prospects. At the other end of the spectrum are another 20% comprised of under performers, as well as those who are new or on their way out.

    The remaining 70% of sales people fall into a broad category that is best described as the "average majority." To be fair, being an average performer isn't a terrible thing - these sales reps will close about one out of every three qualified prospects, and make a decent living in the process.

    But few sales professionals would ever choose to be average, especially when the tools to become a top performer are so easily within their grasp.

    Just consider the missed opportunities! While they regularly hit their average targets, these sales people are missing out on over two-thirds of the sales they could potentially close. This means that, for every $300k in potential sales in your pipeline, you're leaving

    HOW to Answer Job Interview Questions
    Do not worry when people tell you an interview is a "selling exercise". All they mean is that the interviewer needs to fill his or her position and you just have to show how you meet this need.You know what the need is - The interviewer advertised it in the vacancy! And you already showed you met the need via your CV or job application form!So, in the interview, you simply demonstrate, through answering interview questions, how well you meet this need and leave the decision to them.Be confident when answering interview questions. You may be nervous and you won't be completely sure that your answer is the one the interviewer is expecting, but still say it with conviction. Listen to ALL the question before answering.Sometimes, people only hear the first bit of a question because they are already thinking about the answer. They then miss the next bit.For example: “Talk t
    Ask most people to describe a sales person, and likely as not, you'll find yourself deluged by words like "huckster," "snake oil peddler," "fast talker," "con artist" and, of course, "untrustworthy," "arrogant" and "dishonest."

    Those of us who work in sales and know ourselves to be fine, upstanding people may wonder exactly what we ever did to earn such an enviable reputation. Unfortunately, the fact of the matter is, people who sell for a living do so in an environment that is polluted by a few unscrupulous - but highly visible - individuals, who are more interested in making a short-term buck than they are in creating long-term profitable relationships with their clients.

    Even the most well-meaning sales people lie on occasion, and when they're caught (as they almost invariably are), this only serves to further poison their relationships with their customers - and the selling environment for all of us.

    Why sales people lie to their clients

    There are three key reasons why salespeople lie to their clients:

    1. They don't know their product.

    Some sales people lie by accident because they're unsure or uninformed about the products they're selling. In many cases, they lie simply because they're too embarrassed to say, "I don't know."

    2.They're too empathetic.

    Some sales people lie because they're insecure about themselves, or their relationship with their prospect. They just want the customer to like them, so they stretch the truth to tell the customer what they think they want to hear. Lying then becomes an inappropriate vehicle to build a friend first, and a customer second.

    3.They're only focused on the money.

    Some sales people see lying as an easy way to make a quick buck. Sales people who lie for this reason do it because they want the prospect to move too quickly, so that they can make a quick sale, pocket the commission - and move on to the next prospect before the first customer can have any second thoughts.

    Unfortunately, the vast majority of prospects out there weren't born yesterday or on a turnip truck. 99 times out of 100, they've encountered these lies before, and as a result, they've become conditioned to expect a certain experience from the sales process. They assume they know how a sales person will act, and they base their responses on that assumption.

    In fact, in many cases, prospects become so good at predicting sales behaviors that they become experts at manipulating the sales process to get exactly what they want - often at the expense of the sales person.

    Why clients lie to sales people

    Of course, when it comes to sales, truth telling (or the lack thereof!) works both ways.

    One of the most common reasons prospects have for lying to sales people is that they have been lied to by a sales person in the past, and are only trying to "give back" a little of what they have "gotten."

    They'll lie to avoid an annoying sales pitch. They'll lie to protect themselves against overly persistent phone calls and email follow-ups, or to avoid being pressured into making a decision. They'll lie to protect their reputations, their budgets, their time and their jobs.

    Most of all, they'll lie because they automatically assume all sales people are liars, and they want to make a pre-emptive strike before they are lied to first.

    Think about how sales people are commonly portrayed in popular culture. Movies like Tin Men, Planes, Trains and Automobiles, Tommy Boy and Glengarry Glen Ross don't exactly paint a sterling portrait of our profession. The result is that we who do want to excel legitimately in our chosen profession have a pretty swift current to row against.

    But while it may be difficult, it's not an impossible challenge. Gaining the trust of your customers and prospects just takes a little extra effort and forethought - as well as complete dedication to honesty in how you conduct your business.

    If my business is still growing, why should I care?

    In my research over the past 15 years, I've found that only 10% of sales people in any organization are what we might call "top performers" - those who regularly close at least half of their qualified prospects. At the other end of the spectrum are another 20% comprised of under performers, as well as those who are new or on their way out.

    The remaining 70% of sales people fall into a broad category that is best described as the "average majority." To be fair, being an average performer isn't a terrible thing - these sales reps will close about one out of every three qualified prospects, and make a decent living in the process.

    But few sales professionals would ever choose to be average, especially when the tools to become a top performer are so easily within their grasp.

    Just consider the missed opportunities! While they regularly hit their average targets, these sales people are missing out on over two-thirds of the sales they could potentially close. This means that, for every $300k in potential sales in your pipeline, you're leaving a

    Golf Course Designers - How to Choose an Architect to Design Your Golf Course
    This article is an excerpt from an interview with golf course architect Kevin Norby.What are the most important considerations for a developer when choosing a golf course designer? Knowledge and experience. As an owner, you want to make sure you're working with someone who can guide you through the project approval process and provide some assurance that, when complete, the project will be successful. In particular, it is important that the client determine who they are building the golf course for: Whether the course is designed for private, public or resort play will have a considerable bearing into the design elements. These are important factors as an owner considers what their maintenance budget will be, as well as the caliber of golfer that will play the course.A golf course architect is also valuable to the owner in terms of providing guidance regarding maintenance facilities, mai
    lie to their clients:

    1. They don't know their product.

    Some sales people lie by accident because they're unsure or uninformed about the products they're selling. In many cases, they lie simply because they're too embarrassed to say, "I don't know."

    2.They're too empathetic.

    Some sales people lie because they're insecure about themselves, or their relationship with their prospect. They just want the customer to like them, so they stretch the truth to tell the customer what they think they want to hear. Lying then becomes an inappropriate vehicle to build a friend first, and a customer second.

    3.They're only focused on the money.

    Some sales people see lying as an easy way to make a quick buck. Sales people who lie for this reason do it because they want the prospect to move too quickly, so that they can make a quick sale, pocket the commission - and move on to the next prospect before the first customer can have any second thoughts.

    Unfortunately, the vast majority of prospects out there weren't born yesterday or on a turnip truck. 99 times out of 100, they've encountered these lies before, and as a result, they've become conditioned to expect a certain experience from the sales process. They assume they know how a sales person will act, and they base their responses on that assumption.

    In fact, in many cases, prospects become so good at predicting sales behaviors that they become experts at manipulating the sales process to get exactly what they want - often at the expense of the sales person.

    Why clients lie to sales people

    Of course, when it comes to sales, truth telling (or the lack thereof!) works both ways.

    One of the most common reasons prospects have for lying to sales people is that they have been lied to by a sales person in the past, and are only trying to "give back" a little of what they have "gotten."

    They'll lie to avoid an annoying sales pitch. They'll lie to protect themselves against overly persistent phone calls and email follow-ups, or to avoid being pressured into making a decision. They'll lie to protect their reputations, their budgets, their time and their jobs.

    Most of all, they'll lie because they automatically assume all sales people are liars, and they want to make a pre-emptive strike before they are lied to first.

    Think about how sales people are commonly portrayed in popular culture. Movies like Tin Men, Planes, Trains and Automobiles, Tommy Boy and Glengarry Glen Ross don't exactly paint a sterling portrait of our profession. The result is that we who do want to excel legitimately in our chosen profession have a pretty swift current to row against.

    But while it may be difficult, it's not an impossible challenge. Gaining the trust of your customers and prospects just takes a little extra effort and forethought - as well as complete dedication to honesty in how you conduct your business.

    If my business is still growing, why should I care?

    In my research over the past 15 years, I've found that only 10% of sales people in any organization are what we might call "top performers" - those who regularly close at least half of their qualified prospects. At the other end of the spectrum are another 20% comprised of under performers, as well as those who are new or on their way out.

    The remaining 70% of sales people fall into a broad category that is best described as the "average majority." To be fair, being an average performer isn't a terrible thing - these sales reps will close about one out of every three qualified prospects, and make a decent living in the process.

    But few sales professionals would ever choose to be average, especially when the tools to become a top performer are so easily within their grasp.

    Just consider the missed opportunities! While they regularly hit their average targets, these sales people are missing out on over two-thirds of the sales they could potentially close. This means that, for every $300k in potential sales in your pipeline, you're leaving

    Get a Life and Leave the Strife
    There is a silent revolution creeping across the landscape of Australia where men and women are waking up to the realization that’s there more to life than corporate commitment and the myth of shareholders wealth.Working 12 – 15 hour days Australia is rapidly approaching the label of the western world’s workaholic nation. Australia is not alone with most developed nations in the grip of this problem.People are burning out and the trappings of wealth have started to loose there attraction.Would you believe it! When you analyze shareholders wealth this usually equates to the chief executive officers of the company increasing their pay packet while the ‘shareholder’ receives little extra in return.Why are we so foolish to wrap ourselves in the deception of ‘corporate rationalism’ While it is true that we need finance to live, how much is enough?People are so busy working for the corporation that they fail to notice as the clock t
    f prospects out there weren't born yesterday or on a turnip truck. 99 times out of 100, they've encountered these lies before, and as a result, they've become conditioned to expect a certain experience from the sales process. They assume they know how a sales person will act, and they base their responses on that assumption.

    In fact, in many cases, prospects become so good at predicting sales behaviors that they become experts at manipulating the sales process to get exactly what they want - often at the expense of the sales person.

    Why clients lie to sales people

    Of course, when it comes to sales, truth telling (or the lack thereof!) works both ways.

    One of the most common reasons prospects have for lying to sales people is that they have been lied to by a sales person in the past, and are only trying to "give back" a little of what they have "gotten."

    They'll lie to avoid an annoying sales pitch. They'll lie to protect themselves against overly persistent phone calls and email follow-ups, or to avoid being pressured into making a decision. They'll lie to protect their reputations, their budgets, their time and their jobs.

    Most of all, they'll lie because they automatically assume all sales people are liars, and they want to make a pre-emptive strike before they are lied to first.

    Think about how sales people are commonly portrayed in popular culture. Movies like Tin Men, Planes, Trains and Automobiles, Tommy Boy and Glengarry Glen Ross don't exactly paint a sterling portrait of our profession. The result is that we who do want to excel legitimately in our chosen profession have a pretty swift current to row against.

    But while it may be difficult, it's not an impossible challenge. Gaining the trust of your customers and prospects just takes a little extra effort and forethought - as well as complete dedication to honesty in how you conduct your business.

    If my business is still growing, why should I care?

    In my research over the past 15 years, I've found that only 10% of sales people in any organization are what we might call "top performers" - those who regularly close at least half of their qualified prospects. At the other end of the spectrum are another 20% comprised of under performers, as well as those who are new or on their way out.

    The remaining 70% of sales people fall into a broad category that is best described as the "average majority." To be fair, being an average performer isn't a terrible thing - these sales reps will close about one out of every three qualified prospects, and make a decent living in the process.

    But few sales professionals would ever choose to be average, especially when the tools to become a top performer are so easily within their grasp.

    Just consider the missed opportunities! While they regularly hit their average targets, these sales people are missing out on over two-thirds of the sales they could potentially close. This means that, for every $300k in potential sales in your pipeline, you're leaving

    Critical Positioning Secret - Congruency
    Would you pay a Hugo Boss suit’s price to get a G2000 suit…?I think it is a pretty common sense answer. Unfortunately, nowadays common sense is pretty uncommon; especially in business. In their bid to frantically create a meaningful difference for their businesses in a razor-sharp competitive market; many companies forget the most basic common sense such as: Congruency.Congruency is not only critical to create and build a powerful positioning and brand, but without it your company is built on a wobbly foundation that can give way any second. Without it you are sabotaging your own business!Here’s a powerful and clear example: Recently I read in my national newspapers, the closure of a restaurant that had opened barely 10 months ago amidst much fanfare and a blitz of publicity. ?berburger—whose claim to fame was its reputed USP of being “Singapore’s first gourmet burger restaurant”, was also featured in the media for its signature $101
    follow-ups, or to avoid being pressured into making a decision. They'll lie to protect their reputations, their budgets, their time and their jobs.

    Most of all, they'll lie because they automatically assume all sales people are liars, and they want to make a pre-emptive strike before they are lied to first.

    Think about how sales people are commonly portrayed in popular culture. Movies like Tin Men, Planes, Trains and Automobiles, Tommy Boy and Glengarry Glen Ross don't exactly paint a sterling portrait of our profession. The result is that we who do want to excel legitimately in our chosen profession have a pretty swift current to row against.

    But while it may be difficult, it's not an impossible challenge. Gaining the trust of your customers and prospects just takes a little extra effort and forethought - as well as complete dedication to honesty in how you conduct your business.

    If my business is still growing, why should I care?

    In my research over the past 15 years, I've found that only 10% of sales people in any organization are what we might call "top performers" - those who regularly close at least half of their qualified prospects. At the other end of the spectrum are another 20% comprised of under performers, as well as those who are new or on their way out.

    The remaining 70% of sales people fall into a broad category that is best described as the "average majority." To be fair, being an average performer isn't a terrible thing - these sales reps will close about one out of every three qualified prospects, and make a decent living in the process.

    But few sales professionals would ever choose to be average, especially when the tools to become a top performer are so easily within their grasp.

    Just consider the missed opportunities! While they regularly hit their average targets, these sales people are missing out on over two-thirds of the sales they could potentially close. This means that, for every $300k in potential sales in your pipeline, you're leaving

    Does Your Company Have A CVO?
    Does Your Company Have A CVO?What’s a CVO? It’s a Chief Visionary Officer, the person who defines, communicates, and implements the vision of the company. The CVO creates the vision of what the company can become, communicates that vision both internally (to the staff and stakeholders) and externally (to clients and prospects). The CVO motivates others to see that the vision is important, worth the effort, and then tracks progress the company makes towards the achievement of that vision.Does your company need a CVO? Maybe. Not all companies need one. Your company does not need a CVO if you are satisfied with the volume of business, if you are satisfied with the velocity of growth, if you are more concerned with taking two strokes off your golf score than reaching for the stars, or if you think of your business as your job instead of your business…You do need a CVO if you have more ambition than your current velocity of growth, if you
    d that only 10% of sales people in any organization are what we might call "top performers" - those who regularly close at least half of their qualified prospects. At the other end of the spectrum are another 20% comprised of under performers, as well as those who are new or on their way out.

    The remaining 70% of sales people fall into a broad category that is best described as the "average majority." To be fair, being an average performer isn't a terrible thing - these sales reps will close about one out of every three qualified prospects, and make a decent living in the process.

    But few sales professionals would ever choose to be average, especially when the tools to become a top performer are so easily within their grasp.

    Just consider the missed opportunities! While they regularly hit their average targets, these sales people are missing out on over two-thirds of the sales they could potentially close. This means that, for every $300k in potential sales in your pipeline, you're leaving a whopping $200k on the table - or to the competition.

    The secret to sales success

    Successful sales people all use a range of different styles and techniques, but they also all share one key thing in common: they know that honest communication is the single most important secret to increasing sales, and commissions.

    By focusing their efforts on creating a positive customer experience based on openness and trust, these top performers can almost always rely on an extraordinary level of repeat sales. Nine times out of ten, their customers would simply never even think of looking elsewhere when they need to reorder. As we all know, it's far easier - and far more profitable - to keep repeat business than it is to land a whole new account.

    So what's the "secret" to establishing and maintaining credibility in the eyes of your clients?

    Don't lie. Ever. End of story.

    Lies not only damage the ability of sales people to communicate with their clients. They can also result in a complete communication breakdown that is difficult - or even impossible - to repair.

    Consider the consequences of this kind of breakdown in communication and trust. According to Fred Reichheld, author of Loyalty Rules, North American companies lose roughly half of their customers every five years, half of their employees every four years, and half of their investors in less than one year. In our view, most of these staggering losses are caused by a breakdown of communication in one of three primary areas:

    1.During the sales cycle with potential new prospects;

    2.Following unsatisfactory after-sales service (or add-on sales) between sales people and clients; and

    3.Among co-workers in unpleasant or stressful work environments.

    In addition to the lost sales and revenues that these breakdowns represent, there are also numerous hidden costs. Losing customers to a misunderstanding or a lack of trust can dramatically reduce your satisfaction in your work, as well as the satisfaction that your clients have about you and your company's products or services.

    Worse yet, it can permanently ruin your reputation - and your ability to earn future business.

    Colleen Francis, Sales Expert, President/Founder of Engage Selling Solutions, since 2001. Engage Selling - Everything you need to sell more, in less time and make more money! For more great sales tips, articles, resources:http://www.engageselling.com Lead-Up Membership; 60 day free trial: http://www.lead-up.com Engaging Ideas e-zine & 6 week e-course for free: http://www.engagingideasonline.com

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