Sales can be a very tough business to make a living in. There are so many intricate details which go into making a successful deal.
If things do not go exactly according to plan on either side, there is a good chance the deal will fall through.
There have been literally thousands of books written over the years about various selling techniques. Some of these books are useful, others are not.
The bottom line is that there is not one tried and true method to increase sales. In the business of sales, you need to worry about the conditions of the market, how badly your client needs to have the item you are trying to sell them and many other factors that can’t be planned for.
However, in the world of sales, information is power. The more information you have about potential buyers, the better you can craft a strategy to sell to them. Here are the advantages of account intelligence.
1. Get to know your buyer
It is a proven fact in the world of sales that people who know their buyers the best are the salespeople who are the most successful.
Uncovering useful information about a potential buyer’s tendencies and needs can be incredibly useful prior to making your sales pitch.
Walking in blindly to a boardroom to make a presentation is not a good idea. The salespeople who are at the top of their profession are the ones who invest a great deal of time researching who they are selling to.
In some cases, especially where foreign buyers are concerned, this is much easier said than done. However, there are now companies that specialize in gathering account intelligence. They do all of the legwork for you.
You tell them who your buyer is, and then they go to work compiling useful data that you can incorporate into your presentation. This will increase the likelihood that you will make a sale.
2. Find out who the decision makers are
In order to make a successful sale, you need to make sure you are dealing with the person who actually has the authority to approve a purchase. This is sometimes difficult to do if you are selling to higher ed institutions.
You do not want to waste a lot of time trying to persuade a person, only to find out later that the person is an underling with no authority at all.
If you have the correct account intelligence, you will know going in who the decision maker is. This will allow you to target this person and direct all of your sales efforts towards this person.
You will also be able to get advance knowledge about the decision maker, such as their likes and dislikes. Knowing this person’s track record will be essential to you closing the deal and making the sale.
3. Build long lasting relationships with your customers
When you make a sale, the ultimate goal is to keep that customer coming back many times in the future. If you impress the decision maker and the transaction goes smoothly, you have a much better chance of generating repeat business.
Account intelligence allows you to create a contingency plan so you can be ready for many problems that might pop up. This will make it more likely the customer will do business with you again.
Dana Davis
Latest posts by Dana Davis (see all)
- Understanding How Innovation Creates Successful Businesses [Infographics] - August 19, 2020
- Simple Tips for Improving Your Content Marketing Strategy - August 17, 2020
- How To Protect Your Company from Employment Litigation - July 13, 2020
This is a wonderful article, Given so much info in it, These type of articles keeps the users interest in the website, and keep on sharing more … good luck.
Pretty good blog,account intelligence is vital. It helps us forecast our sales and probably plan the way forward
Hi Dana!
Your blog is awesome and the thing that you said about Account Intelligence really effective..Thanks for your sharing
How does Account intelligence allow you to create a contingency plan so you can be ready for many problems that might pop up? Will it make it more likely for the customer to do business with me again?
No ans?
paul would love you to read ..Credit Card Not Present Transactions (CNP)- The Risks
Getting to know the buyer is a good one, building relationship will only led to more sales thank for the post nice work!
David Webb would love you to read ..15+ Best Apps To Earn Free Recharge for INDIA 2015
Pretty good blog, i think it is really helpful information for intelligence i really appreciate this you effort for writing on this topic.
Thank you.
Diaz Jenkins.
Diaz Jenkins would love you to read ..Bakers
Hi Dana,
I agree with your point regarding maintaining long term relationship with client even if they are not making purchase at that point of time. It may be some uncertain reasons at the time you are dealing. So far it is only way for a marketer to be in business for long run.
Narendra Kumar would love you to read ..Live tv App for Android Smartphone
Hi, Dana!
Thanks for posting such a great article! You’ve pointed out the simple yet effective key-words that really make me obsessed. A big plus for the post since it’s pretty helpful if you start small business.
Thanks for posting such information. Keep sharing. This is quite helpful in business. It can help the business to grow better.
How does Account intelligence allow you to create a contingency plan so you can be ready for many problems that might pop up? Will it make it more likely for the customer to do business with me again?
account intelligence is vital. It helps us forecast our sales and probably plan the way forward how we want our business to grow
relation ship of the customer is very much important to keep that kind of results so keep it on
Homeopathy would love you to read ..Can a Married Man Flirt with a Single Woman without an Ulterior Motive?
This is a great report. Businesses need to be doing more with their data – integrating it with other formats, codding tabular data, finding spatial relationships.
There are so many ways a business can apply location intelligence.
Even Excel data has spatial information that should be leveraged.
wonderful share, I guess accounts is the main thing for every business so we must take care of it. Seems like you have shared all the necessary tips of account intelligence.
Thanks
Samir would love you to read ..How to apply for New Voter ID Card Online
You share simple n effective keys of account intelligence. In business, building long lasting relationship with your customer is important.Keep posting
We should use sales monitoring and client handling softwares like sales force etc. It can manage your accounts etc as well.
Syed Qasim would love you to read ..Samsung Galaxy E7 Lollipop Addition