As they say, pitching for deals is an age-old practice within the sales realm to make or break contracts. A good sales pitch is exceptionally vital. It is the first likely interaction a salesperson will have with the potential customer.
A good sales pitch needs to be compelling, precise, and short. It is commonly referred to as the elevator pitch. As the name suggests, elevator pitches indicate that the sales pitch should be short enough to be done within a single elevator ride.
Since customers today are low on time, the perfect way to deliver your sales pitch is to make it short. Also, make sure that they clearly understand the value proposition of your service or product.
A personalized presentation, slide shows, and hour-long descriptions are not ideal for revealing your business to the buyers. Key findings, top-notch highlights, and the selling point (i.e., value proposition) are all you need to pitch for sale.
More about Sales Pitches
Pitching informatively is better than showing off. Like anything else, preparation is key for a good sales pitch. A salesperson ordinarily works in the background to subtly grab every opportunity to understand the buyer. There is no blurb or scripted templates for a great sales pitch. Each customer is pitched differently.
Personalization goes a long way while delivering your sales pitch. The biggest misunderstanding is that a sales pitch is given straight when you meet with the potential buyer. On the contrary, a sales pitch is a slow insinuator, and there are many other ways to make a great sales pitch.
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Choosing the Right Account
The essential thing about a good sales pitch is the right account. Gathering data insights into the account and focusing on prioritizing the correct leads based on data analysis. It is irrelevant, chasing the wrong accounts and getting turned down.
Research is critical; researching to understand your customer and what they are looking for help in identifying how you can pitch correctly.
Personalization and customizations are crucial. Each customer is different, and how you put across your pitch with them can alter the result.
Know your Customers
Asking the right questions, being informative, and providing useful advice to the customer goes a long way. You can do that if you know what your customer is looking for, which brings back to the point of researching and adequate prep.
Communication before deal makes things easier for both the salespeople and the customers. It helps to build trust and eliminate any hurdles or surprises in the way.
A good salesperson does not end the conversation at the making or breaking of the deal. It is essential that there is a call to action, a follow-up meeting, a review, or just an open dialogue to define the next steps.