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Boosting Margin with Sales Tools

Cincom Smart Selling

I’m not talking about supply or production cost, I’m talking about paying for the process of selling things —the cost of the person, their phone, their software, their travel, their lunches and most of all, their time. Consider that a 1% reduction on the expense line shows up as a 4% increase in margin on the profit line.

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Takeaways from SaaStr Part 1: Where SaaS is and Where SaaS will be in 2024

Sales Hacker

High vs Low Margin SaaS Models Software is an inherently high-margin business. As you grow and the product evolves, the incremental cost of distributing that product – or creating one more software instance – is next to zero. That’s where 85%, 90%+ gross margins come from. That’s the appeal of SaaS.

Margin 88
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Data-Driven Sales: Modernizing GTM with Greater Insights

Zoominfo

Without a modern go-to-market strategy that can turn signals into action, the flood of data can mean greater administrative overhead, higher margins of error, and even lost revenue. In earlier days, companies had limited visibility into intent data signals , such as a company’s decision to invest in a specific software solution.

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Navigating the Road Ahead: Challenges and Opportunities for UK Manufacturers in 2024

SugarCRM

According to PwC’s latest report, 52% of manufacturers see the most significant opportunity for them in 2024 lies in broadening their portfolio. CRM software, for example, is helping companies choose which product investments to make.

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6 Practical Tips for Protecting Profit Margin

The Brooks Group

In order to maintain a healthy profit margin, you must reinforce the importance of value within your sales culture. Keep in mind these 6 tips for protecting profit margin: 1. Build a sales compensation plan that focuses on gross margin, not volume. Only hire salespeople who truly believe in the value of your product.

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Unleashing Profit Potential Through Rebate Automation

Distribution Pricing Journal

The distribution industry traditionally faces low margins in each sale. How Rebate Automation Changes the Game Some distributors count on rebates for as much as 60% of their total margins. Compared to using simple ERP functionality or spreadsheets, rebate management software improves your accuracy, speed and consistency.

Margin 52
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What Should the Sales Close Rate Be?

Pointclear

One of the biggest software companies in the world has a division that spends over $200,000 per year on leads that sales refuses to follow-up on. For a $300,000 deal ($180,000 in margin) the close rate would need to be.694% For a $300,000 deal ($180,000 in margin) the close rate would need to be.694% Why don’t they follow-up?