Archive for September 2019

9 Most Important Factors Which Influence Your Success In Sales

1. The Industry You Are Into

Industry or niche of any business does matter a lot when it comes to making sales. Some industries have more demand whereas others have a low market capture. iPhone has fewer customers as compared to the Android users. So the brands making accessories and products for these phones will have different sales. 

2. Customer Service 

Many factors affect the sales results and customer service is one of the most important ones. Companies with exceptional customer service manage to attract more customers and thus end up making more sales. Whereas the brands with poor customer service have to suffer from low sales. 

3. Your Competitors

Competitors in any business do play an important role when it comes to the sales of a specific brand. With many and top competitors, low ranked brands face problems in generating sales. That is why they have to improve their products, services, customer service, keep the price low and offer incentives in order to make more sales and compete with the top brands. 

4. Company Products

Product selection is truly a defining factor when it comes to the success of any business. Steve Jobs when he returned to Apple stopped all the old products and launched new ones which helped Apple become the top tech firm. This goes for every brand and business.

Companies should improve their products and services to generate more sales. Some software products are essential. But can be quite expensive. Website visitor tracking lets your business acquire new leads digitally but for some the expense is too much. But if you are using a trial there are many Lead Forensics Alternatives which can help you to benefit and still receive a return on investment from the software.

5. Marketing Strategy

There are various options when it comes to marketing. Print media, digital marketing, PPC, SEO, social media marketing, paid campaigns, guest blogging and many others are help increase sales. However, all don’t work for every brand. Some get more customers through SEO while others use social media and PPC to increase customers. 

6. Technology and Automation

Nowadays, the competition is tough. Companies that work really hard, adopt new technologies, improve services and focus on customer satisfaction are successful. Technology and automation plays a great role to improve the sales results. That is why Amazon is more successful than any other e-commerce brand. 

7. Availability of Finances

All the companies face ups and downs. In down time, they need to invest more so finance is required. But it is only possible when they have saved and have enough available finance to get the company out of crisis. That is why finance is also a factor which affects sales results. 

8. Laws and Regulations

Manufacturers and sellers do follow rules and regulations in every country. The drug sellers don’t find it easy to make more sales because it is unlawful. But many other brands generate huge number of sales because law allows them to sell their products and services. 

9. The Payment Gateways 

These days, most of the customers prefer to place orders online so that they don’t have to visit the stores. But for this, they have to make online payment and choose the available options. Many brands offer multiple ways whereas others have one or two options. With limited payment gateways, a brand notices decline in its sales.