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How to Turn Your Company Into a Referral Machine

Sales and Marketing Management

Author: Matt Kamp For B2B sales teams, referrals are worth their weight in gold. In fact, most companies experience close rates of 10% to 30% from most lead sources, while referral-based sales tend to close at 50% to 70%. If you want to secure valuable partnerships to generate referrals, you have to take a strategic approach.

Referrals 177
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To Increase Sales Telling Ain't Selling and Neither Is Educating

Increase Sales

What do you mean educating will not increase sales? All those sales experts provide advice about educating your customers. What about education based marketing? Sometimes in order to sell our solutions (products or services) we have a tendency to over educate our sales leads. We give them way too much information.

Education 118
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Three High-Impact Benefits of Email Marketing

Zoominfo

Email is the OG digital marketing tool. While it might seem basic and a little bit boring, email is actually the most advanced medium of communication between marketers and their ideal customers. According to Campaign Monitor , email marketing generates $38 for every $1 spent, which computes to a 3,700% ROI. You’ll get high ROI.

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Why Sales People Don’t Ask for Referrals

Score More Sales

Mike, who is a B2B sales guy asked me a great question: “WHY DON’T MORE SALES REPS PRACTICE ASKING FOR REFERRALS AFTER THE SALE…. The referral from this level would be very powerful. This makes asking for referrals an activity that is less “fun” for some to do. Does your marketing department oversee this?

Referrals 263
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Practical Strategies to Pitch Marketing Services to Local Businesses

BuzzBoard

In our previous post, we discussed the reality of selling digital marketing services to local SMBs by analyzing the in-between communication challenges backed by true anecdotes. Because the aim is to understand your local customers’ unique needs, your digital marketing strategies and their business goals must be in perfect coordination.

Strategy 105
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Sales lessons from a virus

Sales 2.0

If you’re a sales person, business owner, or marketer, your job is to facilitate this transmission. If you’ve done any selling at all, you know that referrals work way more effectively than cold calls. When you use a referral, trust comes to your aid. Trust changes everything. This is because of trust.

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Sales is Storytelling. Marketing is Storytelling. Business is Storytelling.

Sales and Marketing Management

Managers of sales and marketing teams are charged with coaching up individual team members, enhancing their skill sets and improving overall team performance. Get them proficient with more marketing technologies? Storytelling has stood the test of time as a critical skill in sales and marketing?—?and But where to begin?

Marketing 226