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How Consumer Spending Trends Impact Your Recession Sales Strategy [Data + Insights]

Hubspot Sales

Here, we cover the top consumer spending trends in 2023, along with five key strategies for selling during an economic downturn. Table of Contents Top Consumer Spending Trends in 2023 Strategies for Selling in a Recession Top Consumer Spending Trends in 2023 1. US consumers are spending more conscientiously right now.

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Sales Prospecting: How to Boost Motivation & Exceed Sales Quotas

eGrabber

This old quote is 100% true and it holds true for sales prospecting as well. More than 60% of the organizations say that sales motivation is one of their major challenges. Companies are struggling to motivate sales people and maintain their sales energy at the required levels to bring success. But, it is not easy.

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The 8 Buyer Motives Every Salesperson Should Know

Hubspot Sales

If you could know exactly why a prospect was looking to buy, you'd have no problem tailoring an effective sales strategy to suit their interests and inclinations. If you could always understand your buyer's motivations, you'd never lose out on a deal. Need might be the most immediate buyer motive. Acceptance.

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How Does Social Media Impact Consumer Buying Behavior?

Connext Digital

Social media has become an indispensable tool for consumers online in this day and age. The figures don’t lie either: consumers are 71% more likely to make a purchase based on social media referrals. . The Consumer Buying Behavior . Three factors can influence consumer buying behavior: personal, psychological, and social.

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Why Your Salespeople Won’t Follow Up With Prospects

Sales and Marketing Management

Won’t issues are about motivation. Be certain about this, however: you can’t solve an ability problem with a motivation solution, and you cannot solve a motivation problem with a training solution. . Now you can go to work on the motivation. . A salesperson simply does not know how to do the task. Why start here?

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What Is Solution Selling and How to Adapt to Changing Consumer Psychology

Crunchbase

Solution selling is far from dead; it’s simply evolving based on changes in the sales environment and consumer mindset. This article will discuss the changing nature of solution selling and how you can adapt it to modern consumers and the current sales process. Fortunately for sales teams, the rumor is just that: a rumor.

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How to Motivate Employees in Tough Times

The Spiff Blog

Motivation and compensation are tough to nail under normal circumstances and are even trickier during tough times. It’s safe to say that motivating your team in the current economic downturn is about as tricky as it has ever been. Super motivating right? Let’s get into it! Well, not exactly.