Truly successful products and services create an emotional experience for the consumer. That’s what you’re really selling.
Tag Archive for Selling
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Sales commission structure for UK small business
by Timothy Adler • • 0 Comments
By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs
You’re a small firm that has a proven B2B product to sell and the direct website sales to prove it. You’ve even had investment from investors excited about your revenue growth projections. But how can you take your small business up to the next level, finding those buyers without having to rely on word of mouth?
The obvious answer is to take on a salesperson.
But how do you know what to pay them? Obviously, salespeople work on commission – the more they sell, the more money they make – but won’t they need a basic salary to tide them over? And what should that split be?
This is when you need to decide on a sales commission structure for your small business.
First, you need to ask yourself some questions.
What is the hunter vs farmer concept?
A simple distinction between types of salespeople is the hunter vs farmer concept. The kind of salesperson you may need depends on the type of business you are in.
Martin Knowles, co-founder of sales coaching firm Sales Untangled, co-author of the Amazon bestseller of the same name, defines hunters versus farmers as follows:
Hunters are
Hot Business News Today
As predicted, Amazon passes on 2% sales tax onto small businesses
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Entrepreneurs say that Amazon has “shafted” small businesses by passing on the Government’s new 2 per cent digital sales tax.
Instead of forcing the internet giant to pay its fairer share of corporation tax, all the new digital sales tax has done is hiked up fees to sellers, “punishing small businesses in a crisis,” according to Amanda Thomson, founder of Thomson & Scott, which sells alcohol-free and sparkling wine on Amazon.
The Government launched the 2 per cent digital sales tax in April with the aim of getting internet giants to pay their fair share of tax. At the time, Amazon UK country manager Doug Gurr warned all that would happen was that his company would pass the levy onto its small business sellers, which is exactly what has happened. The same thing happened in France.
>See also: Amazon retailers could find their businesses blocked in a no-deal Brexit
Amazon has told UK small businesses using its services to sell products that it will increase its fees by 2 per cent. Some say they will have to pass on the cost to consumers.
“This self-employed group, who already pay their taxes in the UK, have become collateral damage
Hot Business News Today
Live Chat revolution / convert leads into sales with Live Chat
by Partner Content • • 0 Comments
Originally written by Partner Content on Small Business
The customer is king. That much has always been true. But, in the digital era, customer demands have changed, largely due to the ever-increasing competition enabled by the internet and technology. Data-driven marketing and a level of personalisation not yet seen before have meant that customer loyalty is hard to maintain; there is always another competitor waiting in the wings to offer a more tailored and appropriate product – it’s simple, traditional website browsers are not converting leads to sales. A modern, tech-led approach is needed, and Live Chat might just be the solution you’re looking for.
Live Chat to customer conversion success
By offering website visitors (and potential customers) the opportunity to speak to the business exactly when they want to, and in a way that is convenient to them, businesses looking to gain the upper hand over their competitors will significantly increase their website conversion rate.
But it is not enough to simply install a Live Chat feature. The technology needs to be proactive; it needs to prompt the user to engage with the business or product, rather than standing idly by in the background waiting for the potential customer to click. This proactive
Hot Business News Today
Third party platforms: is it worth selling through the likes of eBay and Amazon?
by vanessakhan • • 0 Comments
From inexpensive eBay to high end HEWI London, third party platforms are used by many public and private sellers to boost their revenues and sales volumes. But why sell through a third party when you can sell products on your own branded website? Despite, the benefits selling through a third party brings there is still
The post Third party platforms: is it worth selling through the likes of eBay and Amazon? appeared first on Small Business.
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How to recover from bad online reviews
by vanessakhan • • 0 Comments
Online reviews are increasingly important as they create the branding for your business. The first place potential customers run to when they are trying to find new products and services – or maybe even recommended ones – is the internet. A recent study from TripAdvisor reveals that 83 per cent of respondents say that reviews
The post How to recover from bad online reviews appeared first on Small Business.
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Why Your 'Great Idea' Actually Sucks
by Patrick Bet-David • • 0 Comments
Hot Business News Today
How your small business can overcome sales objections
by Ben Lobel • • 0 Comments
It goes without saying that sales is one of the toughest jobs a person can take on. The office manager, support staff and many others in an organisation can get away for a while performing below par, but when members of the sales team aren’t performing it’s soon picked up. Sales is all about targets, how to
The post How your small business can overcome sales objections appeared first on Small Business.
Hot Business News Today
How to Launch a Product That Sells
by Dorie Clark • • 0 Comments
Determining whether the product is a fit for you personally, and then whether it matches your audience’s needs will save any entrepreneur time, money and heartache.
Hot Business News Today
How to Convince Investors You Can Sell
by Scott Shane • • 0 Comments
Your success, as a company and as an investment, will depend on your ability to get customers to buy i service.