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Tech sales closing for Management
tech sales closing for Management How-To Guide
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FAQs online signature
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What is the modern concept of selling?
The modern sales concept typically incorporates a customer-centric approach, which means putting the needs and wants of the customer at the forefront of the sales process. It includes using data and analytics to understand customer behaviour and preferences and using technology to personalise the sales experience.
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How should you approach closing a sale?
To close a sale, you should first qualify leads using needs analysis and budget assessment. Present tailored solutions to qualified leads, highlighting the benefits of your product or solution. Address their objections with empathy, emphasizing value, and inspire commitment by proposing next steps or a trial.
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What is a modern approach to closing a sale?
Pay close attention to what the customer is saying, both verbally and nonverbally. Ask clarifying questions to demonstrate understanding. Smile, make eye contact, and use a professional yet approachable tone. Focus on understanding their challenges and goals rather than just making a sale.
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What is a closing technique in sales?
A closing technique in sales is a method used to encourage prospects to convert into customers. There's a process to closing deals successfully. You have to pique their interest, butter them up with benefits, and offer an unbeatable deal. But this is easier said than done.
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What is the best closing technique?
What Are the Best Closing Techniques in Sales? Making an assumption. ... Offering an alternative option. ... Asking a sharp-angle question. ... Creating a sense of urgency. ... Giving a professional suggestion. ... Making it feel like "now or never" ... Summarizing the points. ... Offering a discounted (but less attractive) option.
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What is the modern approach to sales?
Facilitate the buyer's journey: In modern sales approaches, the salesperson not only leads the client, but also collaborates with them and acts as part of the client's team. Largely, this approach creates accountability and certainty that allows their contacts to move forward and succeed.
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What is an example of closing in sales process?
(Ex: “On a scale of one to 10, with one being 'Let's end this conversation now' and 10 being 'Let's get this solution implemented on Monday,' how likely are you to move forward with purchasing?”) The scale close does two things: It lets you know if you've been effectively communicating the value of your product and ...
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What is closing of sales in sales management?
What is sales closing? Sales closing, or getting a prospect to agree to a deal and sign a contract, is how reps make their quota and how businesses grow revenue. It represents the culmination of all your efforts. You put in the time and made a strong case for why your solution can alleviate the prospect's pain points.
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so if you are in technical sales and you're planning your 2023 strategy and you're like dude I need something more to really boost next year for my boss for my company whatever then in this video if you stick around for the whole thing you're going to find the secrets that we have to boost your performance drastically and make 2023 the best year ever so let's talk about 2023 it's right around the corner 30 days roughly away and now is about the time when a lot of people are like all right we didn't hit our goals we did hit our goals we're setting our goals for next year you got your plan in place and sometimes you just need that little extra spice on top and I'm here to bring that for you if you guys stick around so let's first talk about what is your current situation what is your current sales team like are do you have a sales team built out of 8 or 108 sales people sales Engineers Business Development people support systems or are you a team of zero where you're just doing it all yourself as the owner it doesn't matter what your situation is you have to look at it from standpoint audit and say how is my team going to perform next year what players do I have is my region set up properly am I auditing their their performance do I have the goals set up you first have to audit it and set your team up properly if you don't have a sales team or you have a sales team of one you will benefit from this video because I'm going to share with you a way to circumvent that issue and reduce your overhead with it so first step though look at your team really audit it and see like who are my main players who's going into 2023 with me do I want to shake up territories do I want to shake up who's handling What markets or Industries or things like that hopefully you've already done that but if you haven't now is the time to do it because you want to implement those changes right now in the month of December so you go into January with a fresh look and a fresh way of doing things the next thing you're gonna have to look at is the tools have you set up your team to be successful by giving them the proper tools what I mean by that is if you are having them doing cold calling is it easy for them to do are they just using their cell phone or have you integrated with your CRM system if you're using HubSpot did you partner with air caller are you using hubspot's calling feature built into it and using those minutes if you guys have a territories assigned and context assigned do you have it in a CRM system is everybody set up and everybody has an owner to a contact as new people come in do they get assigned to owners do you have your marketing working to where marketing is sending out emails on behalf of those sales people it's all about the tools and efficiency because if one thing I've learned over the last 20 years of being an industrial especially in sales is that technical sales people hate more than anything complicated systems where they have to update it's like if I just made a call why do I have to put notes about that call in a system and check these boxes like technical sales people hate that I feel like a lot of sales people do you need to convince them that they have to do it and hold them accountable to it because that is a way when you're doing things at scale when you're making 50 100 calls a day or you have 50 or 100 calls Deals Deals in the pipeline you're not going to be able to remember every little step of it so you have to make sure that one they have the tools tools available but nine times out of ten the the management the ownership group is not holding them accountable to make sure they're making the data up to date if the data is [ __ ] then your results are going to be significantly hand under by it so it's like bad data in bad data out marketing or somebody who's handling the marketing side of it can't properly nurture and funnel these leads and opportunities and qualify them and put them in front of the sales people as sales qualified leads or marketing qualified leads if the data is bad so if a salesperson talks to somebody you have to change the sales stage of that you have to change the life cycle stage of it so they have to be responsible for keeping that data clean and putting that data into your CRM system that is by far the fundamental most important step of everything because I can't hold your sales team accountable I can't hold my sales team accountable to the actions if they're not putting the data and I can't make decisions on should we pivot make adjustments should we add something to our strategy if the data is not there to support it so you have to make sure set your sales team up with tools that can make them efficient that can make them killers in their job you can't be a type of manager that's just like do this do that without understanding how much goes into it right you have to personally understand if I make this call what are the steps I have to take work through it as a sales manager as a leader work through those steps and see is there too many clicks here if we're doing like calls email and then LinkedIn is there a way for me to combine those is there a way for me to automate it is there plugins Integrations that I can do that bring all those things together you have to look at it and say I want to set my team up for Success maybe I have to spend a thousand dollars a month on a system of software or an integration but if that's going to save the sales team time they're going to appreciate that and they're going to be more likely to adhere to your pipeline schedules into the activity schedules that you want them to hit like it's all about coming to it from a standpoint of I understand that this sucks I understand that this is not super efficient I'm asking you to do it because this is why show them the light at the end of the tunnel and then start working it but you have to make adjustments based on performance something that you told them to do at the beginning of the year is not working pivot and make an adjustment you can't just say this is what we're doing for the next six months and I'm don't care what you say we're going to do it you have to track the data first do the activity input the data then look at the data and audit it and it makes minor pivots and adjustments based on what is happening the main secret and the part of this video that is should excite a lot of you guys is that if whether you have a sales team or you don't one thing that MFG tribe can do is we do have sales as a service and I'm not here to just pitch it to you and say hey buy from us and hire us on I'm here to tell you that seven years ago when I started this company we were primarily a lead generation sales as a service company and we did it for multiple years but it wasn't scalable with the tools that we had and the resources that we had but there's basically three programs now if you go to our website mfttribe.com forward slash industrial lead generation or just click the drop down in sales as a service you'll be able to see these three programs and I'm going to break them down real quick so you guys can understand it number one if you have a sales team and you want somebody to manage it we have a program for that's our starter package where we can in Implement your CRM system manage your pipeline and also manage your sales team we can do all the email marketing for the sales team as sales as a service tour we can do the reach outs if you have eight people or 80 people we can funnel all those people together and send emails out from them through your CRM system to their specific contacts so that way when they're doing the next step which is picking up the phone and following up with these people it's more of a warm lead it's not a cold hey you don't know me this is my name at a company I work at you've never seen anything from me before I want to know if you're interested in having a conversation we can take the cold part out of it and make it warm by doing email marketing and teaching your sales team that you need to follow up on an email and then send a LinkedIn connection request send a LinkedIn message to these people so you're hitting them from email phone and Linkedin all at the same time and figure out what is their preferred method of contact how can you easily get a hold of these people that's a beginner level package the second package that we have which I forget what it's called the second package is where we're actually going to do the lead generation for you and what does that mean we are there's tons of lead generation companies out there but typically where they miss the Mark is they don't understand your industry they don't understand industrial technical or whatever that's where our team here this is what we do every day we work with industrial manufacturing and tech companies we do their marketing we do their sales as a service therefore we can take part of our team and develop it to where they're doing lead generation for you and I'm not going to be here sit here and tell you like we're going to generate 20 30 40 leads like typically you'll get four eight 12 leads a month if you're selling something that's substantial like like a service to the manufacturing people where your closed deals are 100 200 300 500 000 or more per close contract we're there to say like dude I can get you seven quality leads a month that are looking to have conversations now we handle all of the scripting all of the calls every single week whether it's 100 calls 200 calls depending on what level of activity you need we do all that for you do it through your CRM system and that way we can assign those opportunities it leads directly to your sales people you may be like dude I don't have a CRM system you have to have something in place we cannot work off of Old School spreadsheets where we're sending seven years ago that's what we did we had spreadsheet where like these are our a-leads B leads and C leads and we would send you the contact information for each lead the notes of the conversation that we had what are the next steps and we hand it off to our clients on a weekly basis with in 2023 2022 CRM systems are a must have so we have to put that in place so we can again going back to the first package set all that up for you do all that work but then the second package doing the heavy lifting for you if you've got sales people and you're like I don't want my sales people making cold calls they're technical sales Engineers Business Development managers that can have in-depth technical conversations I don't want them doing that activity or they don't want to but you want to keep them on board that's fine put that ownership on us we can make a thousand calls a week if your team is big enough for those people and start hand feeding them leads that's the middle package now the higher package the partner one that's where we're looking at it from sample enough either you want us to take over your territory and you get assigned an account manager here and that is a sales engineer that has been trained by me Shadows me as part of this team here in Austin we can cover a territory for you and even depending on what your service or product is close deals for you I mean that's a huge thing is that we can manage your team if you need a cro or a CSO or somebody to be a VP of sales to be a managed team we can do that for you we can manage your team of five eight twenty people do all that for you on a monthly basis plus generate leads Plus close deals it all depends on the situation you're in so I don't want people to be hindered by growing opportunities or like hey we just got rid of these people and now I'm trying to look to fill that role and I can't find somebody you can bring us in because there isn't anything technical that is sold out there or industrial manufacturing related that we can't learn so fast and so quickly because we do this at scale and because this is the only industry we work in we can do it so fast and produce results within the first 30 days most of the time anybody you hire you're going through training onboarding it's 30 45 60 days before they really start getting the wheels turning from our standpoint to just tell me what are you trying to sell what's the value proposition show me some some recordings or a pitch deck or anything like that let's have an onboarding conversation and we get to work and we document all that for you and then every week we're sending you those opportunities every week we're trying to close deals for you whatever it is whichever package you're looking at we do all that for you and it's all led by myself and the team underneath me to be able to do the activity and we continue to grow as more and more people keep signing up with us for our sales and service it's going to probably end up being about 50 of our total revenue as a company is going to be sales as a service versus just marketing but we've got clients on the marketing side that have taken an interest in this and have signed up for the sales as a service and then we have other people that come to us and say look I don't need marketing I got a team I have a sales team but they're not really generating activity can you generate the activity for us and I'm like yep we can do that and then we jump in and start generating that activity some of our clients we've gotten over 200 leads in six months I'm not talking BS leads where they're selling a 50 product I'm talking about Manufacturing Services companies that are 20 30 million in Revenue we're bringing them 200 leads over 6 to 12 months that they're not all looking to buy now like I'm not that guy that's going to say I'll bring you 50 leads a month and they're all active right now that's what the lead generation companies do I'm saying I can get you six qualified people right now that have an interest and a need for your service that want to talk now then I may be able to get you four other people are like yeah you know what these are these are B leads these are people that are looking at eight to 12 weeks out so two to three months looking for some activity potentially and you've got seed leads that are three four months and Beyond they're like I don't have a need right now I don't have a project I'm not looking to change my software change my service add on a new supplier I'm not looking for that right now but I want to keep your information handy those are C leads and we put them into a drip campaign if you're on that package but this is really the secret weapon to 2023 you don't have to rely on just your sales team I'm staying on top of them we can do that for you we can manage your team for you we can do all the heavy lifting for you or we can manage your team do the heavy lifting and take over a territory that's where this is a scalable program if you're like dude I don't believe that this guy could say what he what he says he could do try it out for for four months let us just qualify some leads for you let's just generate some activity and if you're not satisfied we'll cancel the contract but I guarantee that the level of activity that we can produce driven by the way that I do things the way that I have done things and adjusted them over the last 15 years of Industrial Sales and Industrial technical way of doing things it's adjusted there's everything adjusts on a weekly monthly annual basis new tools come out you have to adjust your strategy that's what I've been doing for the last 15 years what worked for me 15 years ago does not work as well today and I've continued to adjust and perfect that and we do this at scale with companies some of our clients are 8 billion in revenue and some of them are smaller and they're like Lou look dude I just want you to take over our sales generate opportunities I don't want to have to hire on these people and we can do that for you as well if you guys are interested in learning and having your team trained you can go over to technicalsalesyou.com and go through our interactive training we have eight hours of video content we're gonna be shorting shooting three courses this month about cold calling Sales Management trade shows we're going to be shooting three more courses this month and rolling them out there anybody that is a current student at technical sales University gets access to those for free and if you are not a student you're going to be paying a little bit more price now that we're boosting up technical sales University so check that out you can find it on LinkedIn you can go to technicalsalesyou.com and check it out and sign up for it we're going to be giving away some deals possibly in the month of December of adding in these new courses for free to new people and having some flash sales but I would say sign up and you get access to stuff that nobody else can see none of that stuff gets posted on YouTube none of it gets posted throughout LinkedIn that's all secret information where we train you through interact interactive training with my videos on a daily basis so without further Ado we'll close it out guys go over to YouTube turn on notifications hit that subscribe button I keep on flip-flopping those and we will see you on the next one
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