Business Development Training Resources to Upskill Your Team

Avoid Overloading Your Customers with Information

In the age of abundant information, buyers have access to multiple resources about a product or service, which can lead to indecision. The most effective way is to curate resources specific to the customers’ needs, aid them in reaching their conclusions, empathize with the complexity of their problem, and prioritize information for their needs. This blog discusses how salespeople can avoid overloading prospects with information and build trust and confidence in their decision-making.

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Sales Process Arthur Li Sales Process Arthur Li

Know Your Sales Numbers

Sales metrics can provide valuable insights into how changes to products and business models affect the market's reaction. Tracking metrics such as conversion rate, time spent from contacts to closing, contract size, and upselling opportunities. By analyzing these metrics, startups can pinpoint areas that need improvement and optimize their sales process.

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Emotional Intelligence Arthur Li Emotional Intelligence Arthur Li

Manage Feelings of Rejection

A salesperson's role involves asking questions frequently. If you approach enough potential customers, you will eventually get responses that are not a resounding YES, including counter-asks, negotiation, skepticism, hesitation, and various other responses. In this blog post, we talk about why people don’t like rejections and how salespeople can handle the inevitable pain of rejections.

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Emotional Intelligence Arthur Li Emotional Intelligence Arthur Li

Social Penetration Theory in Discovery Questions

Social penetration theory suggests that, as relationships develop, interpersonal communication moves from relatively shallow, non-intimate levels to deeper, more intimate ones. As people grow closer to one another, positive reinforcement through positive interactions enables them to achieve deeper levels of intimacy. With this very basic understanding of social penetration theory, we can more systematically plan out discovery questions with increasing sophistication that matches the relationship development.

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Emotional Intelligence Arthur Li Emotional Intelligence Arthur Li

Building Trust in Sales

There are many widely available and intuitive tips for building trust. For example, be honest, keep your commitments, be helpful, show people that you care, etc. Those are all correct but I also believe those are tips and tricks for general human beings to become good citizens. However, the ultimate strategy of trust building by sales people is first to become an expert in the field and then use that expertise to consult with the buyers for their individual needs. In other words, the salespeople who build trust most effectively can demonstrate their subject expertise and the ability to consult with their prospects.

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