Monday, May 5, 2014

How to Speed Up the Sales Process by Over 100%

How to Speed Up the Sales Process by Over 100% image increase process

A lot of what you do includes selling big ticket services, and this means a long sales cycle. In this post, I’m going to explain to you the tripwire sales strategy, which will help you turn prospects into clients, all while shortening the sales cycle.

The best part is the tripwire strategy is it’s simplicity: offer a smaller service to gain the prospect’s trust, thereby changing the relationship; then up-sell your core services.

Check out my previous post about how a marketing agency used tripwire to increase their revenue from one single tradeshow from $18,000 to $252,000.

Time to try a new approach.

Let’s think about what services you can offer your prospects that will end up shortening the sales cycle. You won’t be making as much up front, but you’ll convert the prospects to clients a lot quicker. Not only that – the client will end up trusting you, as well. That trust will benefit you in the long run.

For example, at my agency, we offered an SEO audit. We’ll talk to prospects and say “Hey, we notice you pay a lot for pay-per-click. We offer a small service to measure how effective that actually is for you.”

It’s not about making money at that point. It’s all about changing the relationship and proving value. Once the client sees your value, then you can upsell your core services.

Another way we showed value was during the discovery phase. Lets say you chat with a client and they are not to sure what they need. This is where I love offering a discovery process, which was a small paid engagement that allowed us to dive in deep to their problems and deliver an actionable strategy. While the client pays for the discovery phase, there’s no obligation for them to go with us once discovery is completed. The discovery document is theirs to keep, even if they want to shop it around elsewhere.

What this does is change the relationship. We’re not just walking in, asking for large sums of money. We charge a smaller amount, provide a smaller – yet valuable – service, which ultimately gains trust from the client. Once trust is established, they’re more likely to go with us over someone else where they have no trust.

Convert and get more work.

Studies show that a client is 20 times more likely to do more work with you if you can convert them from prospect to client. That’s why this tripwire technique is so effective. Small service is more likely to get them as a client, and as a client they’re more likely to do more (higher priced) work with you in the future.

So start thinking about what types of services you can provide now that would be a compliment to your core offering.

If you liked this actionable strategy to take your business to the next level, I would love for you to check out the Digital Agency Playbook. It’s the 12 systems every agency needs in order to be profitable and continue to grow to the next level, from increasing sales, scaling your operations, being more profitable, and dominating your market. If you have ever wanted to see what other successful agencies have done, so you can grow faster, make better confident decisions, and get to the next level, this is the program you need to try. Take a FREE test drive now!

Source: B2C_Business

How to Speed Up the Sales Process by Over 100%

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