Resources for Entrepreneurs

Mastering Niche Market Sales

Selling to Nails, Tacks, and Staples Businesses

If your business is having trouble reaching sales targets, stop everything and read our advice on selling to nails, tacks, and staples businesses. To dominate in the nails, tacks, and staples business industry, you'll need to pay attention to the basics.

The world is an uncertain place for emerging businesses and businesses are constantly adapting their sales approaches to respond to market demands.

Nails Tacks and Staples Business

In any B2B industry, one of the major factors in long-term success is the ability to expand your customer base. On the upside nails, tacks, and staples businesses can be found throughout the nation, but the challenge is to acquire and retain new accounts.

Reaching Prospective Customers

Prospecting transforms contacts into qualified leads.

Networking can dramatically improve your team's prospecting abilities and closing rates. 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 nails, tacks, and staples 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.

Sales Management Tips

Sales managers can make a noticeable difference in both ROI and total sales revenue.

In this industry, sales reps tend to be highly motivated performers who are accustomed to thriving in fast-paced sales environments. Even so, sales managers need to be careful to strike a balance between encouraging individual performance and maintaining a team atmosphere.

Don't neglect the fact that nails, tacks, and staples business owners are often sensitive to team dynamics and may not respond to sales reps who seem overly disconnected from their sales unit.

CRM Software

CRM (Customer Relationship Management) technology is standard fare for most B2B enterprises.

When used properly, CRM can manage your company's interactions with customers and prospects. If you don't currently use CRM, there's no better time than the present to get started. Companies that already use a CRM solution need to evaluate their processes to make sure it is being used to its full potential.

In the B2B nails, tacks, and staples business industry, the inefficient use of CRM can put your business at a competitive disadvantage.

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