You too can increase profits without necessarily increasing sales!

How?

NewsletterThe “Profits Leak Detective Newsletter” offers regular tips and strategies to help you identify and plug those leaking profits.

You may never have known you have them.

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BONUS free report “7 Clues to a Profit Leak”, valued at $47.

How do you know that you should be looking for leaks?

Are there some clues or symptoms that are telltales saying that a
bit of drilling down into your business might pay some dividends?
Possible leaks could be anywhere.

This report provides 7 clues that should put you on alert for a profit leak.

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"Adam, over the past six years, I've had the pleasure of 'bumping into you' on at least three business and marketing related forums. Your contributionsto discussions have always been courteous, astute, incisive and practical,delivered with good humour, and based upon 'real-world' business experience. You are clearly an experienced business professional who actually knows what he is talking about. I wonder if your clients know what a gem they have in you? As one business professional to another, I salute you.

Good Wishes,
John Williamson - The Wealth Coach
www.thewealthcoach.com
www.retaildisplaysecrets.com

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I just LOVED "7 Clues to a Profits Leak".

Steven Walker - Profit Improvement Advisors
Calgary, Canada

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Thanks for the catch-up the other day. It's great to be working with a legend in the small business community.

AJ Kulatunga, BLKMGK ICT

Darwin, Australia

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The 7 Clues is a great.

What I like the most in the Seven Clues report is that it clearly explains that accounting is merely a subset of proper financial management and
that only the business owner can practise financial management. The accountant does the accounting, and in doing so supports the business owner's financial management. And the business owner uses the accountant's information, but relying on the accountant to do full-blown financial management is short-sighted.
The report nicely "grounds" an otherwise complex topic which many business owners are afraid of touching, so they often move ahead in blissful ignorance. The water hose and the soggy soil under the leak makes an excellent and easy-to-comprehend example, upon which the financial management concept is nicely built.

Tom "Bald Dog" Varjan, Organisational ProvocateurDynamic Innovations Squad
Professional Services Practice Development - Dynamic Innovations Squad      
Personal and Firm-Wide Performance Improvement for Management Consulting Firms
Practice Development Services for Management Consulting Firms

Vancouver, BC Canada

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You have played a very important role in my development in business.

You were there with the right information at the right time, I thank you for that.
By adding the next level of systems, and marketing knowledge that you brought to the table we able to identify our objectives, acknowledge the gaps in our business and put in place the planning so as to achieve those objectives. Within 5 years we achieved 9 of our ten stated objectives.  In that same year we won the NT Telstra Small business of the year"

Greg Haigh
Director - Trade Group
Regional And Northern maintenance services
RANms

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Recent newsletters include:

  • How big is your profit gap?
  • How discounting destroyed value
  • Benchmarking for best practice
  • From all customers to some customers
  • How to take the guesswork out of growth
  • Should your USP be based on logic or emotion?
  • How to triple your quotation success rate
  • How to dramatically improve your quotations
  • How to make more effective decisions?
  • How to develop your USP
  • Do you want to make better planning choices?
  • Are youmaking these mistakes in planning?
  • How to use SWOT properly
  • Does your sales conversation balance the scales of justice?
  • The perils of profitless cash flow!
  • So what is more important, cash flow or profit?
  • Are you getting value from your pricing?
  • Do you report to yourself monthly?
  • Follow the money trail!
  • Performance also counts!
  • Get more bang for your buck!
  • Without measurement there can be no improvement!
  • Where would your business be without customers?
  • Using your monthly report to improve your profits
  • Just who is your customer?
  • And what do you know about your customer?
  • How branding can increase your profits!
  • Can branding make you more money?
  • How to balance the value equation
  • Tilting the balance in your favour
  • How to pin the tail on the donkey
  • Are you groping in the dark with your real cost of labour
  • Mastering core marketing principles
  • Building a 5P marketing plan
  • Profit leaking processes
  • Should you be trying to increase or decrease cash flow
  • At times it is folly to hasten
  • 5 steps to create your future
  • What will be the X-Factor in 2009
  • Lies, damn lies & statistics
  • How to use a squad profit leak detectives
  • Confidence leads to action
  • Increase sales - so easy to say
  • So you want to know how to increase sales
  • Is selling a necessary evil?

6 Sales Myths Busted Print E-mail

©Tessa Stowe, Sales Conversation, 2007

There are a lot of sales myths that not only diminish your chances of success, they also make selling more complicated and harder than necessary. Selling is, in fact, quite simple, provided you know, understand and apply some fundamentals. And you ignore sales myths.

Here are 6 Sales Myths:

 

Myth #1: Selling is a numbers game. The greater the quantity of prospects you're working on, the higher your chances of success.
Truth: Selling is only a numbers game if you want to waste time and money going after sales that have no chance of success.

Selling is a qualified numbers game. The more qualified prospects you have, the more sales you'll make. It's not about the quantity of prospects but the quality. If prospects are qualified, they are already in the quality category. If you have a list of qualified prospects you're working on, chances are that a high percentage will turn into clients.

Myth #2: Learn closing techniques as you need them to close the sale.
Truth: Closing techniques are not necessary for closing sales.

Closing techniques are not necessary to close sales unless, of course, you are into high-pressure selling (and if you are, I hope you're not one of my readers, as my style is not for you). Don't waste your time learning closing techniques. Instead, spend your time learning how to have a sales conversation which naturally leads to your prospect wanting to do business with you. The only "closing" you have to do is suggest the next step.

Myth #3: There are natural born salespeople.
Truth: Selling is a science, a learnable skill and process that anyone can learn.

"Fast talkers" are often mistakenly thought of as natural born salespeople when, in fact, fast talking repels most people. Talking doesn't sell. Asking questions and listening does.

Those who are successful at selling are often thought to be doing well because they are natural born salespeople. Their "naturalness" has, in fact, been hard earned. They have spent a lot of time and effort learning and applying sales skills.

Myth #4: If you improve your sales skills, you will improve your sales results.
Truth: This is what I call a 'half' myth. To improve your sales results, focus on improving your sales skills and also work on your thoughts and beliefs.

Having sales skills is only part of the equation. No matter how good your sales skills are there will always be a ceiling on your sales results. The ceiling on your sales results is set by YOU, by your beliefs and thoughts (mindset). If you really want to lift the ceiling on your sales results, learn the total equation of selling. Your sales skills plus your mindset determine your sales results.

Myth #5: Focus on getting the sale.
Truth: Focus on helping your prospect get what they want.

If your focus and intention is on selling, selling, selling, you will repel, repel, repel. People don't like to be sold, and if you are focusing on selling, chances are high your prospect will be looking for ways to quickly end the conversation.

Instead have your focus and intention on having a conversation to understand if you can help your prospect get what they want. Do this and watch how they open up and listen to how you can help them. With your intent on helping people get what they want, you will make more sales.

Myth #6: Focus on selling your solution.
Truth: Focus on selling the customer their end result.

People don't care about your products, your services or your solution as that is not what they're buying. What they are buying is an end result. Your product, services and solution are simply the enabler - the method/process used to get their end result. This is a subtle distinction that will make all the difference to your sales approach and results.

After reading these 6 Sales Myths and Truths, I request that you map out some action steps you can take now to apply or benefit from these truths. A few simple action steps based on these truths have the potential to dramatically improve your sales results. Try it and see.

Tessa Stowe teaches small business owners and recovering salespeople 10 simple steps to turn conversations into clients without being sales-y or pushy. Her FREE monthly Sales Conversation newsletter is full of tips on how to sell your services by just being yourself. Sign up now at www.salesconversation.com.