Sales Information

It Isnt A Sale Until Youre Paid


Back in the days when I sold for CTV and CBC Television I had a manager that once said " It isn't a sale until you're paid." Most salespeople absolutely HATE calling their customers to ask for payment as they feel like the GOOD GUY and BAD GUY rolled into one!

Hey - we have all been there. We avoid paying some bills because cash flow is tight. The problem is that it does FEEL AWFUL for both the customer and the salesperson who sold them the service/product. So here are some DIVA TIPS to make you BOTH feel better!

1) Be Proactive. When you are first working with your customer - outline your terms and ask them if this will work within their payment schedules. Find out when invoices have to be submitted to their accounting departments so you don't miss a billing period.

2) Get A DEPOSIT. Never go into partnership (customer/sales relationship) where one party has less to lose than the other. If you are providing services/products then you also deserve a commitment from the customer.

3) Is Something Wrong? Is there something you need to help your customer with? Did they receive the product and service in due time? Are they happy? Are they in a cash crunch and perhaps need to work out a payment system to you? Meet or call your customer and ask if there is anything you can do to help with the process.

4) Don't Be Afraid To Ask Your Customer For The Payment. Remember Tom Cruise as Jerry McGuire " Shoooooooooooowww Me The Money?" You aren't the bad guy by asking for payment promptly or for a set date when you can receive payment. Sales is an equal exchange of goods and services. No shame in that!

5) Avoiding The Issue Doesn't Work. We all hate being cash cramped - and yes - it does happen to EVERYONE no matter how large or small the company. Face your fears and sit down with your customer. You'll discover that most people will be so thankful you spoke to them and were willing to work with them.

6) Learn From The Past. History has a tendency to repeat itself. Offer different terms for clients that have a history of being slow-payers. Ask for cash upfront until a payment history has been established. Charge to credit cards. But still find an option that is respectful to your customer and also to your company.

Working with a customer is just like having any other relationship. Sometimes there are ups and downs but those who are respectful, listen, show value and be pro-active tend to have long relationships with each other!

Copyright© 2005

Sales Diva, Kim Duke of The Sales Divas helps women biz owners and entrepreneurs attract amazing clients and customers, effortlessly! To learn more about increasing YOUR sales - and to read her FREE how-to-articles, visit her website http://www.salesdivas.com


MORE RESOURCES:

The Associated Press

Vehicle Sales Slump in China, Fanning Global Fears
Wall Street Journal - 3 hours ago
By PATRICIA JIAYI HO BEIJING -- Passenger-vehicle sales in China fell for a second month in a row in September, dropping 1.4% from a year earlier to 552800 ...
UPDATE 1-China car sales fall for 2nd month as economy ebbs Reuters
Mazda says no decision on Ford's stake sale The Associated Press
Ford plans to sell most of stake in Mazda-NHK guardian.co.uk
China Knowledge Online - Reuters
all 171 news articles


Reuters

Wal-Mart's same-store sales rise in September
The Associated Press - Oct 9, 2008
BENTONVILLE, Ark. (AP) — Wal-Mart Stores Inc. says hurricanes hurt its September results, causing same-store sales to miss analyst expectations. ...
Retailers spread gloom with weak September sales Los Angeles Times
The Financial Crisis Hits the Retail Stores TIME
Wringing out some sales Boston Globe
The Age - FashionUnited US News
all 917 news articles


Reuters

US Auto Shares Plunge on a Grim Sales Forecast
New York Times, United States - Oct 9, 2008
By BILL VLASIC DETROIT — A dire new forecast for global vehicle sales battered the shares of auto companies on Thursday, particularly General Motors, ...
Video: Money Minute: GM, GE, Oil AssociatedPress
GM and Ford Are in a Bind Motley Fool
Shares cheaper than petrol: GM slides to its lowest in 58 years Sydney Morning Herald
MarketWatch - Globe and Mail
all 690 news articles


September home sales up sharply in metro area
Minneapolis Star Tribune, MN - 4 hours ago
But the median sale price in the Twin Cities sank more than 15 percent from a year ago. By JIM BUCHTA, Star Tribune Buyers like raolson74 will have negative ...
Pending home sales rise in September Bizjournals.com
Home sales soar as prices tumble Pioneer Press
Sales up, prices down for Twin Cities housing Finance and Commerce
Naples Daily News
all 19 news articles


Macy's slashes profit, sales forecasts
MarketWatch - 14 hours ago
By Andria Cheng, MarketWatch NEW YORK (MarketWatch) -- Adding to the drumbeat of retail-sector woes, Macy's Inc. has slashed its sales and profit forecasts, ...
* Macy's cuts full-year profit forecast on weak sales guardian.co.uk
Macy's sees deeper drop in sales than forecasted National Jeweler Network
Macy’s lowers 2008 earnings forecast The Business Journal of the ... Bizjournals.com
Reuters UK - Home Textiles Today
all 37 news articles


The Associated Press

GM shares up slightly after Thursday trouncing
The Associated Press - 16 hours ago
GM announced a plan in July that calls for cutting $10 billion in costs and raising another $5 billion through asset sales and borrowing through 2009. ...
Ford shares post 8th-straight day of declines Forbes
GM, Ford stocks screech to record lows Detroit Free Press
GM Stock Price at Lowest Levels in 58 Years Associated Content
USA Today - The Associated Press
all 309 news articles


China Daily

Toyota fighting US woes to meet global sales goals
The Associated Press - Oct 9, 2008
He acknowledged, however, that the numbers were becoming increasingly tough to meet because of a drop in US sales. The Nikkei reported in its Wednesday's ...
Toyota Shares Post Biggest Weekly Plunge in 34 Years (Update2) Bloomberg
Toyota keeps sales target despite tough climate MarketWatch
Sharp cuts annual profit goal on mobile-phone sales Tehran Times
Bloomberg - Bloomberg
all 501 news articles


Home sales up 38%, values sink
Bizjournals.com, NC - 12 hours ago
The Orlando Regional Realtor Association reported a 38 percent increase in existing home sales in September, but a continued decline in home values. ...
Prices Fall, But Sales Rise [Housing Tracker] Seeking Alpha
Local home sales are on the rise as prices keep falling Arizona Daily Star
all 18 news articles


Sector Wrap: Electronics retailers dip on sales
CNNMoney.com - 10 hours ago
Inc. following a disclosure by the retailer that September sales were worse than expected. In a filing with the Securities and Exchange commission late ...
New York & Co. cuts 3Q outlook Forbes
EARNINGS WATCH Updates, advisories and surprises MarketWatch
Analyst cuts Brown Shoe price target; shares fall CNNMoney.com
all 16 news articles


Boston Globe

China envoy: US should stop Taiwan arms sales
The Associated Press - Oct 9, 2008
Chinese Ambassador Zhou Wenzhong said in a speech Wednesday that the United States should abide by previous promises to reduce the sales of weapons to ...
Chinese defense ministry condemns US for Taiwan arms sales Xinhua
Taipei hails weapons deal with Washington Taiwan Journal
McCain, Obama Endorse Planned $6.46 Billion Taiwan Weapons Sale Bloomberg
eTaiwan News - Taipei Times
all 1,155 news articles

Sales - Google News

home | site map
© 2006