There are no magic formulas for selling to corporate gifts retail businesses. The basis for success is the same as it is in many other industries.
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The majority of corporate gifts retail businesses expect high levels of service from the companies they do business with. But service alone isn't enough. For B2B companies that sell to corporate gifts retail businesses, the steady execution of business fundamentals is just as important as your relationships with your customers.
Direct Marketing Strategies
Direct marketing has many advantages for selling to corporate gifts retail businesses. The benefit of direct marketing is that it is a way to manage costs when reaching qualified prospects with targeted messaging. From a selling perspective, direct marketing establishes a foundation for relationships with corporate gifts retail businesses that can benefit from your products or services.
The tricky part about direct marketing is lead generation. Since reliable leads can be hard to find, we recommend using lead lists supplied by established third-party vendors. Over the years we've found that Experian is one of the best in the business with a reputation for supplying consistently reliable lists of corporate gifts retail businesses that generate sales revenue and repeat business.
Research the Market
Start with good market research, which is a prerequisite for profitability in this industry. High volume sales teams conduct thorough research on market demand, pricing and niche opportunities.
More importantly, they conduct research on the specific corporate gifts retail businesses that they want to add to their customer roster.
Since relationships are an important part of the selling process, meetings with corporate gifts retail businesses leaders and their staff facilitate the flow of the sales cycle. These meetings can also provide information that can give your business a competitive edge.
Role of Owners & Managers
Owners and managers should expect to be active participants in selling to corporate gifts retail businesses. Front line visibility is essential for large accounts, but your sales team can benefit from occasional field interactions with the owner or sales manager.
By periodically accompanying your reps in the field, you can build relationships with the people you count on to close sales.
Given your interest in selling and in corporate gifts retail businesses, you might find these additional resources to be of interest.
If you have an existing corporate gifts retail business, you are in the wrong spot. Try these useful resources:
If you want to start a corporate gifts retail business, these resources should prove useful:
If you want sales tips for doing business in a different industry, you will enjoy our list of sales guides below.