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Customer sales cycle for Education
customer sales cycle for Education
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FAQs online signature
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What are the 5 steps of the sales cycle?
How the 5-step sales process simplifies sales Approach the client. Discover client needs. Provide a solution. Close the sale. Complete the sale and follow up.
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What is the education buying season?
The Purchasing Phase: Summer 60-70% of schools make most of their purchases during the summer months when students are on vacation during May or June and August or September, depending on who you ask.
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What is the difference between sales process and sales cycle?
The sales cycle refers to the steps a team goes through to close a deal, while the sales process refers to how salespeople carry out those steps. To avoid confusion, think of the sales cycle as the noun and the sales process as the verb.
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What is the meaning of sales cycle?
What is a sales cycle? A sales cycle is the repeatable and tactical process salespeople follow to turn a lead into a customer. With a sales cycle in place, you always know your next move and where each lead is within the cycle. It can also help you repeat your success or determine how to improve.
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What is the sales cycle in higher education?
A Sales or Enrollment Cycle is a set of stages and activities conducted by a salesperson or Admissions Counselor that is a response to a buying activity. The Value Based Sales cycle is comprised of five stages: Prospect, Qualification 1 & 2, Value Representation, Value Summarization, and Close.
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How do you calculate sales cycle?
To calculate your sales length cycle, you add up the total number of days it took to close every sale, then, divide that sum by the total number of deals. So, for example: 40+30+60+70 = 200 days total.
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What is customer sales cycle?
A sales cycle is a series of events or phases that occur during the selling of a product or service. This article will cover the typical seven steps or stages in that process, but remember that not every sale or customer interaction will follow the same path.
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What are the 7 stages of the sales cycle?
The 7 steps of a sales cycle are: prospecting, making contact, qualifying your prospects, nurturing your prospect, presenting your offer, overcoming objections, and finally closing the sale.
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We're going to be talking about why it's so important EdTech companies to make the sale easy for schools and districts. Today, so important that we really discuss and get go deep on the importance of making it easy for schools and districts to adopt and buy your product. I'm Will McCoy, CEO of EdTech Authority, where we bridge the technology gap for schools. The first part of making it easy is to really make sure that all of your materials and your contact information are readily available. I know this sounds easy and simple, but it's critical because the more you get it in front of your clients, in your client districts, the more likely they are to call you back to get in touch with you. There is a mass of information the school district administrators and principals deal with every day. The easier it is to find you, the easier it is to get to your materials, the better. Make sure that those materials are really clear. Your one pager, and if you have the opportunity to do a video that's a demo of your product, I highly recommend it. If you only have three minutes of an administrator's time, make sure they use it wisely by seeing a great product demo via your website or video. The next part is that you need to make sure that any proposals or contracts that you put forward are super clear and easy to understand. Remember that administrators are not technologists. They're not technology companies and this is not the normal business world folks. You need to really make sure that any contracts are super clear. They have your timelines and any costs. If there are hidden costs or anything of that nature that will put off your client. That will put off your district and more than likely I would bet you're not going to get that renewal on the backend. So, make sure everything is super clear. What are they going to get? When are you going to be able to deliver it? And, how much is it going to cost? All of those pieces are critical. Making it clear, making it easy for your client district to make a decision. It's also critical because whoever receives your information is going to be passing it to other people and talking to other people about it. If they don't understand it or if it's not clear, the message will be lost. And every time the message is lost, you lose your chance of the actual contract. So make sure everything super clear. Once you've completed the contract and you have signatures and you're ready to roll out. Do not leave districts hanging. They want to know who you are, how to contact you, what's the customer service? What's the professional development? Who do they go with questions? If they have I.T. questions, do not disappear after the sale. Show where you can shine with your customer service. Make sure that they understand that this isn't a one time transaction. This is an ongoing relationship and that you're going to be checking in with them periodically at maybe three months, maybe at five months during the adoption to make sure that they are doing well with your product. Because, remember once a product is in a school, it's unlikely for them to step away from it unless they aren't getting good support where the product is not really helpful. So long as your product is good and your support is good, the adoption link is actually pretty long in schools. Remember, it's not a one year deal when you're selling to schools, you're looking at a multi-year relationship. The more you nurture that relationship, the more your company will succeed long term. Finally, add the personal touch. Schools are organizations driven by people. And, they're people that are driven by relationships and emotions and caring. A thoughtful note, a thoughtful phone call will get you a long way down the road. When I was a superintendent, I would hang onto those as I was looking at contract renewals because I was developing relationships with different sales people. Who were the thoughtful ones that are backing me up are the ones that I called first. Remember to make it simple for school districts. Make sure that communication is clear, they have your contact information. They understand their contract and they understand how you're going to continue to help them out. Thanks for your time today, if you have any questions or comments please write them below. It's been Will McCoy from EdTech Authority, have a great day.
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