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Why New Business Development Is Important To Contemporary Companies

Sep 8, 2008
Sales training is the act of developing a agent in the act of sales. Sales, which can be done individually or as part of a team, is where a person sells a goods or service to a customer. It is often believed that sales is the same as marketing but there is a distinct difference - marketing exists to endorse a item by making it desirable to a prospective customer and, through this, may by default generate a sale. On the other hand, a sales agent actively interacts with a prospective customer, showing directly how their goods or service can assist the customer by providing them specific data. The best sales agent is someone who works together with their customer and works to meet the customer's needs and goals with the item or service to be sold.

Sales is an important part of modern business models. Not only does the sales person sell a corporate item or service, they also work to produce new business opportunities and find clients for their business, thereby supporting and cultivating their company's client base and industry standing. Sales is often the public face of a business so it essential that correct sales training is provided to the sales person so that they can excel in their selling role but also know how to be the best promoter possible for the product and the company.

There is a range of approaches a company can use to connect with their client. Direct sales - where the business interacts directly with their client - is probably the most recognized. The most familiar direct selling approaches are door-to-door selling and telemarketing; in both cases the company directly connects with the buyer at home or at their place of business to advise them about the product. Another way of direct selling is 'consultative selling' whereby the business interacts directly with the buyer but first starts by asking the client about what products or services they require and developing solutions in consultation with the buyer. Businesses also traditionally sell products through retailers - so called 'middle men' - and through mail order, while the rise of the net has given companies a new medium in which to connect with future clients. As can be seen, there is a large variety in the way companies contact, connect and potentially sell to a buyer, which has increased the importance of new business development.

Sales training focuses on the range of methods a sales agent can use when directly dealing with the client, so integral in these days of direct selling. Although there are a range of particular methods tailored for different methods of selling, the main psychology behind excellent sales practice is five-fold: analyze a customer's needs, offer solutions to the buyer, discuss the benefits of the item, overcome any questions the customer may have and close the sale. This philosophy can sometimes be condensed to a three-part methodology: find the customer, present to the customer and close the sale.

New business development courses are extensively available with many training academies and expert businesses offering courses that you can take in person or via correspondence or the internet. Many large businesses have also developed their own in-house sales development programs. There are also a plethora of books available on the subject.

Good sales development will always highlight the need to ask buyers questions in order to better give them solutions, will always highlight the importance of understanding your merchandise and will include motivational material, as selling is a high-pressure career that not only needs a lot of self-motivation but also deals with a lot of rejection as well.

Incentive programs, what they're for and how to use them are also included in a lot of sales development. These 'sales incentive programs' or SIP's, are a method used to encourage a sales teams and references specific goals for achievement, which aims to concentrate selling activity.

Sales training will teach you self-motivation, direction and excellent interaction abilities and, as such, would stand any person in good stead for any leading role outside of sales, as well as within.
About the Author
Author Notes: Hugh Roberts has 20 years business development experience. For
sales training more great tips on
sales development
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