Could your salespeople be eroding profit margins through excessive discounting?How about through unnecessary product, service, or contractual giveaways?
Margin erosion usually stems from the failure to establish differentiated value early in the sales process. The proof: 86% of B2B customers don’t see enough “value difference” between suppliers to pay a premium for it.*
How can you prevent your margins from eroding? Provide salespeople with the training and tools they need to create value from the very first conversation they have with a customer.
Here are 3 tips for turning margin erosion into margin generation:
Stop selling products and start solving problems.
Shift the planning focus from closing deals to creating value.
Show salespeople how to get out from behind their slides and make a credible, compelling connection with their customers.
Does this problem sound familiar? Struggling to improve your margins? Contact us to discuss how we can help.
Mandel has worked with sales teams from some of the most successful companies in the world to help them prevent the all-too-common problem of eroding margins.
And download the new infographic, Why Early Cycle Selling Skills Matter, to see just how costly of a problem margin erosion can be—and what you and your team can do about it.
*Google and CEB Marketing Leadership Council
- Hosting a Virtual User Conference? Prepare Your Speakers to Succeed
- Experiencing Zoom Fatigue? It’s Not Just You. Four Ways to Eliminate the Exhaustion
- 3 Tips for Encouraging Collaboration in Your Virtual Meetings
- 3 Simple Tips for Succeeding in Virtual Meetings
- 3 Tips for Engaging Teams in Virtual Meetings
- How to Make Virtual Meetings More Effective
- How Can We Make Socially-Distanced Collaboration Work?
- Tips for Effective Communication when Working Remotely
- Sustaining Your Training Strategies During Covid-19 Outbreak
- Want to be a User Conference Hero? Follow These 5 Practical Speaker Tips