Resources for Entrepreneurs

Sales Techniques By Market

Selling to Fundraising Merchandise and Supplies Retail Businesses

As the market recovers, fundraising merchandise and supplies retail businesses are gradually bouncing back from the market slowdown and are starting to reinvest. If you're tired of underdelivering on your sales numbers, maybe it's time to start selling to fundraising merchandise and supplies retail businesses.

Getting your foot in the door with fundraising merchandise and supplies retail businesses can require complex sales and marketing strategies.

In any B2B industry, one of the key indicators of long-term success is the ability to expand your customer base. Fortunately fundraising merchandise and supplies retail businesses are plentiful, but the challenge is to acquire and retain new accounts.

Reaching Prospective Customers

Prospecting is the process of identifying potential customers and converting them to qualified leads.

Networking can fine tunes prospecting performance and conversion ratios. However, it's important to make sure your sales force isn't so focused on conversation that they miss the point of prospecting, i.e. the identification of likely buyers, key decision makers and high value industry contacts. In other words, the type of people you meet is just as important as the number of people you meet when prospecting for fundraising merchandise and supplies retail businesses.

Lead lists are useful because they narrow the field for your team. Third-party lists from reputable vendors (e.g. Experian Business Services) arm your sales force with good leads, making it easier for your company to balance the quantity and quality demands that are prerequisites for effective prospecting.

Get To Know Your 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 fundraising merchandise and supplies retail businesses that they want to add to their customer roster.

Since relationships are an important part of the selling process, meetings with fundraising merchandise and supplies retail businesses leaders and their staff can establish a basis for the sales cycle. These meetings can also provide information that can give your business a competitive edge.

Putting It All Together

Ultimately, there is no single strategy that can guarantee conversions in your efforts to sell to fundraising merchandise and supplies retail businesses. It's often a combination of techniques that seals the deal.

Although it's easy to get caught up in the micro-level details of the selling cycle, sellers in this industry need to maintain a macro perspective that combines techniques with selling strategy.

Have Friends Who Might Like This Article?

Tweet via @gaeblerdotcom Share this on Twitter

Let them know on LinkedIn

Ready to Learn More? We Think You Might Like These Articles:


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary