Tag Archive for Selling

Sales commission structure for UK small business

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

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As predicted, Amazon passes on 2% sales tax onto small businesses

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

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Live Chat revolution / convert leads into sales with Live Chat

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

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Third party platforms: is it worth selling through the likes of eBay and Amazon?

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

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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How your small business can overcome sales objections

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.

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