You Have Additional Resources to Help You with Your Marketing and Sales Efforts
The first question to answer is, “What is the Return on the Investment of my Time and Effort, and the Money I am spending now?” You can determine this by adding up the hours you spend on marketing and sales, multiply those total hours by a fair hourly rate for your professional time (based on what you could charge for your time if you were spending the same amount of hours delivering your product or service) and then add to that the hard dollars you are spending now on whatever it is that you are doing. Add up this Total Investment $$.
Then divide your Current Gross Sales by Total Investment $$ and you will get your Revenue Per Dollar.
How, the ONLY reason you might want to consider Sales Training is to INCREASE this number.
No one is giving you money. You and your family eat from the results you get. This is all about the ROI on YOU.
You can Increase this in two ways. Get Higher Gross Sales, or Lower the Total Investment $$, or get a Big Hit by doing both at the same time.
Which type of Sales Training will give you the Biggest Hit?
Some Sales Tools focus on one or the other. Sales Training Classes focus on helping you Close an Interested Prospect. They assume you have an Interested Prospect to sit down in front of.
CRM and Marketing Automation focus on cutting costs. They may or may not have an impact on the number of highly qualified leads that you sit down in front of.
Another type of sales training is Sales Process Training that both INCREASES your sales while at the same time CUTTING YOUR COSTS to get those sales.
You must also consider what resources you have, even as a small company. You have your Time and Effort and Monthly Marketing Budget (no matter how small) as the Foundation Layer. Then one level up, you have Your Best Sales Message and the Best Media to Deliver that Best Message as resources.
Whatever you do, you must align the sequential elements of the RES Lead Generation Equation:
Line up The Best Message to the Best Person in the Best Target using the Best Media in the Best Sequence.
This is the KEY to getting a GOOSE THAT LAYS A GOLDEN EGG.
The more you line up each element of the Equation – the higher your overall yield, thus the higher your overall sales for the time, effort, and hard dollars you put in.
Now, you can operate off an Inverted Sales Growth Pyramid. You start with a low cost technique that will get you some initial results.
You reinvest some of that early revenue into a higher yielding, higher cost technique that still follows the RES Lead Generation Equation.
As you go up the Pyramid, now you have even more revenue to enhance your best performing technique, and to add new ones.
When you are comparing Sales Training systems, which one can offer you a variety of techniques that give you the option to choose the cost/yield variable?