Category Archives: Close Ratios

March 28th, 2013

12 Ways to Increase a Close Ratio – Now!

Closed

1) Start by knowing your personal close ratio and that of your organization:

Top performing companies — 46% average close ratio Average — 29% average close ratio Lagging — 19% average close ratio

2) Take your preparation up several notches.  Build your industry, company, and stakeholder knowledge and prepare insights and ideas to share with your clients.

3) Know where your clients are in their buying cycle and look at your sales process through their eyes.

4) Ask informed questions that indicate you have knowledge and experience to  share and to motivate your clients to engage with you.  Focus on the “why” and “why not” questions, not just the “what.” Understand as much as you possibly can about  the business outcome before your visit and probe to understand  the decision process, access the executive, understand  the risks the client is concerned about and value you must be prove.

5) Ask who the competitors are, what their solutions include, and then ask the tough questions to find out how the customer feels you compare to the competitor.

6)  Speed  up your responsiveness — when a client asks for something, find out when he or she needs it and beat that time frame.  Anticipate and deliver before the client asks for it.

7) Find ways to take the load off the client to keep things moving. For example, if he or she says “Let’s set a phone call to…” not only set » Continue Reading.

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