Have you ever searched for an item on Amazon and you not only found the item you were looking for, but found around 100 variations of the same product. They appear to be the exact same thing but since there is a huge difference in price, you look closely and learn that the cheapest products are Chinese rip-offs that don’t work, don’t last, and don’t include the same features.

As part of my financial planning business, I offer free introductory meetings. Recently, a potential client indicated in her pre-meeting questionnaire that she would like to have two times her current salary in retirement. To avoid boring you with math, let me just say that this is fairly impossible in most situations. For a basic example, if you earn $100,000 per year and want to have $200,000 in retirement you would need to have approximately $5 million invested, which is fairly difficult to accumulate using a $100,000 salary.

As we step into 2024, the landscape of sales is evolving rapidly, shaped by technological advancements, shifting consumer behaviors, and the ever-changing business environment. Let's delve into the key sales trends that are set to define the year ahead, drawing insights from various research papers and my own observations.

Sales has always been a dynamic and evolving field. As we move further into 2024, we are seeing a continuation of this trend, with fresh methodologies, technologies, and strategies emerging at an unprecedented pace. Here, I delve into some of the most impactful sales trends of 2024 that are reshaping the way we connect, engage, and drive growth.

I first learned about the importance of this from the father of a woman I was dating. This woman was special, and I knew I wanted to marry her. First, I had to make it through the difficult conversation with her father. Fortunately, he gave his permission, along with some advice. He told me, "You need to learn to read her mind." When I replied I wasn't a mind reader, he repeated his advice but didn't elaborate.

Discussion of generative AI has maintained a fever pitch since OpenAI released ChatGPT-3.5 in late 2022. Many leaders’ instinct is to provide direction and codification when trying to drive adoption of new tools. This is particularly true in sales, a function rooted in processes, playbooks, scripts, and templates. However, driving adoption of generative AI as a new way of working — leading sellers toward creative use of generative AI, and helping them to use it as a coaching and learning aid — requires a very different approach. The author offers four steps to get you started.

One of the most fruitful (and enjoyable) things you can do is to prioritize being in relationships with people you enjoy. Even if none of them are or work directly with your target clients, they each represent hundreds, if not thousands, of people they know. And chances are, people within their network are, or work with, your ideal clients.

What are customer needs? Answering that question may not always be easy – but it’s crucial for business success. After all, knowing what the customer wants is the starting point for creating winning products and services. Just as importantly, it’s the basis for forming long-lasting relationships. The State of the Connected Customer report reveals that 62% of customers expect businesses to anticipate their needs, and 73% expect companies to understand their unique needs and expectations.

In the age of social media, it’s not hard to picture what an engaged customer looks like. They’re the superfans liking and commenting on every post a brand puts out there. You know the ones; Apple, Disney, Starbucks, American Girl Dolls (for those of you with kids of a certain age), and so on. They’ve built a passionate base of engaged customers who’ll talk your ear off, online and in real life, about every ‘exciting’ new thing.

It is easy to get caught up in the importance of sales when you are running a business. After all, sales are the lifeblood of any business. However, the truth is that there are many other factors that contribute to the success of a business. Increasing sales is probably high on your list of priorities. But, if you want to build a successful business, there is another critical area that you cannot afford to ignore – financial management.

In managing customer relationships — or relationships with any key stakeholders — it is critical to manage the balance of power between the company and any one customer. This can be done by diversifying the customer base, understanding (and be willing to use) customer pressure points, and (in the case where a company is locked into a single key relationship) ensuring that the customer is as dependent on the company as the company is dependent on the customer.

According to data from Objective Management Group (OMG), which has assessed more than 2.4 million salespeople, 95% of the very best salespeople emphasize listening over talking, but more than half of the worst salespeople take the opposite approach, emphasizing talking over listening. While the primary skill to prioritize listening is asking good, timely questions, only 28% of all salespeople ask enough questions. Even worse, that drops to just 4% of the worst salespeople.

When I have an unreasonable customer, I have no problem encouraging them to do business elsewhere (again, after making reasonable attempts to satisfy them). The investment of time and emotional resources are often not worth trying to satisfy such a person. Better to lose one out of 50 customers--especially if that customer is taking 10 times the time and effort to deal with.

You hear about disruptions in industry, in tech, in art. Something or someone who comes along and makes the world abruptly shift, seemingly overnight. Well, there are disruptions in sales calls, too. Questions, actions, and behaviors that have the power to change the conversation and how the client sees you.

Choose the Best Time and Strategy for Cold Calling. Ultimately, picking the right time to make your sales calls is essential to sales success. While these six rules of thumb are a good place to start, you may find different strategies work better for your business. Test these approaches and adopt the ones that work for you. You might be surprised to find how many more prospects you can reach with a few simple tweaks.

"I am fine with my current product lineup..." is one of the worst things that a salesperson can hear. They are happy with what they currently have, and if they are already using a solution of yours you have to tread very carefully to ensure that you don't lose a current customer in pursuit of a higher package or price tag. So today, I wanted to share with you a few responses

Selling original or quirky products is often an uphill battle. However research that involved an analysis of quirky products sold by some 7,000 craft entrepreneurs on Etsy suggests that effective storytelling that helps people relate to such offerings can turn them into successes. This article shares three storytelling techniques that work.

People today are bombarded with messages from morning until night. We can't check email or drive to the store without seeing flashing banners, mostly aimed at selling us something. Today's consumers are experts at tuning these messages out, leaving salespeople with an important question: Do you ensure your message is seen and heard? Connecting with clients today is often about building trust.

Last week, I posted an article on the Impact of Relationship Building Challenges in Sales. The article explored what happens to salespeople who are skilled at selling, but aren’t very good at building relationships, as well as those who are great at building relationships but aren’t very skilled at selling. While there were some terrific insights, the one thing that was missing from the article was what great relationship builders do that everyone else fails to do.

Although the marketing world has been changing drastically over the years, some things have stayed the same. I'm talking about human psychology. There are tried and true tactics that win every time based on how we behave and what signals our subconscious behavior and emotional triggers. According to McKinsey & Co., 80% of consumers want retailers to personalize their experiences — so when you use sales psychology, your audience will believe you understand them and their needs.