Rhythm Blog | Increasing Sales

by Patrick Thean and the Rhythm Team

5 (More) Secrets to Make Happy Money in Your Business

Barry Pruitt Thu, Jan 17, 2019 @ 09:04 AM

I recently blogged about why some companies increased sales and were happily forging ahead while others never moved out of the starting gate, or worse, closed their doors in 5 Secrets to Make Happy Money in Your Business. I was challenged in a recent onsite planning session to share more. As I wrestled with the question, I shared 5 MORE secrets. Whatever your description of happy money, find 5 more secrets below to add to your success bookshelf. Let's start with #6:

Rhythm Systems' Most Popular Blogs of 2018

Jessica Wishart Fri, Jan 11, 2019 @ 11:45 AM

Here at Rhythm Systems, we are very blessed to have almost 10,000 blog subscribers, 10+ regular contributors, and many amazing readers who comment on our posts (both online and in-person when we are lucky enough to see them). We started blogging back in 2011 before it seemed like everyone and their mother had a blog, and we’ve learned an awful lot and put a ton of time into delivering great content to you, our readers, over the last seven years. In fact, we recently tallied up the hours our team spends on creating, editing, optimizing, and publishing content for this blog, and it was about 385 hours in 2018. We appreciate all of you who read and enjoy the fruits of our hard work.

Finding and Activating New Prospects

Christine Rutherford Thu, Jan 10, 2019 @ 11:04 AM

Too often we evaluate sales difficulties as an inability to close. “If account managers could just do a better job at closing, we would have more sales.”

With a closer look at the problem, we find closing is not the issue. We are simply not around sufficient prospects to meet our revenue goals. Our difficulty is not closing, but a shortfall in finding and activating sufficient core customer prospects with needs we can answer.

10 Examples of Key Performance Indicators KPIs That Drive Sales

Alan Gehringer Thu, Jan 10, 2019 @ 11:00 AM

Driving new sales revenue is a common theme that comes up with the clients I work with. In fact, I can’t think of many companies that have more sales activity than they know what to do with, and most are always looking for ways to (build or grow) their sales pipeline. 

There a lot of variables that go into building a great sales pipeline, and marketing plays a big part in developing marketing qualified leads (MQLs), but another big variable is measuring the right behavior that drives the right results. To do this, we must put the right leading indicators in place. It’s one thing to measure results indicators like Revenue booked, but unless the right activities are taking place, you are not going to hit your targets and your stakeholders are going to be disappointed regardless if they are internal or external. You need to develop the right leading indicators for your sales team.

What is the Difference Between a Primary and Secondary Core Customer?

Alan Gehringer Sun, Jan 6, 2019 @ 12:00 PM

I have written previously about the importance of identifying your core customer because I have seen far too many companies waste their valuable time and resources selling to and serving the wrong customers. 

Your core customer is the one who values what you offer at a price and quantity that is good for both you and the customer and will take you into the future successfully. This is the individual that uses the product, the one you look in the eyes and can put a name to and the one you can’t live without. Knowing who the core customer is will impacts sales in a positive manner.

Enthusiasm Sells

Christine Rutherford Tue, Aug 28, 2018 @ 11:00 AM

Recently while attending a trade show, I watched my young junior sales rep presenting our execution platform to a group of prospects. His style and delivery had attracted a crowd. His small booth was full. People were looking over others' shoulders and blocking the aisle to see him.

Jarret was doing what he's done since the day I hired him, giving an enthusiastic presentation. He is new to business, not enough years of experience to be outbound and admittedly, he has much to learn.

When he is in front of a prospect, it is show time; he transfers every wealth of knowledge he has. While out one night at a conference, Jarret was granted the opportunity to meet Ken Courtright of Income Store. While at his company meeting, Ken announced what had actually happened that night at the bar. Ken told his team "Jarret from Rhythm flipped the game on me. He asked me something so profound: Are all of your divisions profitable? I responded, 'Yes I believe so,' and Jarret asked me how I knew. I told him that I guess I didn't really know, and he informed me that we needed his software. He leaves in mid-conversation and comes back with the Rhythm book. After months of staring at the book sitting on my shelf, I decided to see what it was...after the first few chapters, I said Ok, let's do this thing."

The Ten Rules to Becoming a Sales Professional [Video]

Barry Pruitt Tue, Aug 21, 2018 @ 11:00 AM

Is your team struggling with sales? If so, you’ve probably talked about sales systems and training, read books and may have engaged an outside source to “fire up” your team and get the cash flowing. Although this approach can be productive, I find that there are two things often overlooked in developing sales strategy and sales teams. They are, in order, 1) company hiring, and 2) salesperson responsibility.

Company hiring includes at minimum a responsibility to hire great players that meet your company core values and are willing to take personal responsibility for their outcomes. Let’s set aside hiring and core values (think Topgrading) and focus on the foundation of becoming a sales professional. I inquired of sales guru and best-selling author Jack Daly what he had found most important for a salesperson to move from the ranks of mediocrity to stardom. He shared ten points:

How Do I Sell More to My Core Customer?

Alan Gehringer Tue, Jun 26, 2018 @ 11:00 AM

Great question right? But before we get to that, let’s define what a core customer is. Robert Bloom, author of The Inside Advantage, defines it as the customer most likely to buy your product or service in the quantity required for optimal profit! Your WHO is the customer you can’t live without and who will help you be successful into the future.

So, in order to sell more to your core, you need to clearly define who they are and understand their deepest needs, not just their wants. 

One thing to consider about your core customer is that he or she is a real person, with wants, needs and fears – not a lifeless profile on paper. Your core customer is alive and is just like you and me – AND has specific reasons, emotions and interests in your product or service.

According to a joint study by Bain and Harvard Business School, “(we) showed that in industry after industry, the high cost of acquiring customers renders many customer relationships unprofitable during their early years. Only in later years, when the cost of serving loyal customers falls and the volume of their purchases rises, do relationships generate big returns. The bottom line: Increasing customer retention rates by 5% increases profits by 25% to 95%.”

3 Action Steps From Jack Daly to Increase Sales

Barry Pruitt Tue, Mar 27, 2018 @ 11:00 AM

Spring is here and I’ve been making new landscaping plans. Well, actually, plans to continue on a landscaping path chosen two years ago – sort of a 3-5 year plan for the yard. I’ve been preparing flower beds, adding (more) perennials, cleaning up some winter trash. It takes time for plants to mature and completing a large project in the right order yields the most beautiful outcome with the least effort. So, I’ve been building a spring playbook to get this year's portion done. I’m surprised at how many people begin similar projects without a playbook. They buy a few annual plants on sale, put them in the ground, and wonder why they don’t return the next year (hint: perennials are the ones that return each year).  

I was recently in a conversation with a home building executive for a company that’s completing and selling one home per day in the North Carolina region. He shared how they hired “A” players - people with building experience who also know how to treat customers. It was a secret sauce for the future. They want perennial relationships, not annual. So, although the market is “hot” with more buyers than sellers at this time, he realizes that markets change. When the housing market stalls, this builder will have the best people on his team and the best relationship (and reputation) with any buyers. It’s part of a long-term plan.

 3 Steps to Identify Your Core Customer [Infographic]

Alan Gehringer Sun, Mar 25, 2018 @ 12:00 PM

Philip Kotler implores us to do a better job of understanding “who” our target customers are and then to deeply please them, rather than trying to please everyone. 

Every company should have a brand promise that it makes to its customers. The promise should differentiate you in your market and support the sales process by making it easier to close deals. The first step in developing your brand promise is to identify your core customer. The better job you do with this step, the more effective your brand promise is going to be.