Episode 97: The Opportunity Many Sales Teams Overlook that Can Generate Real Revenue Growth
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In this episode of Stronger Sales Teams, Ben provides valuable guidance for sales managers on how to maximise existing customer databases to drive revenue growth. He explores the potential of re-engaging past customers and prospects, transforming previous interactions into profitable sales opportunities.Ben masterfully demonstrates how to use data to revive dormant customer relationships, highlighting the critical role of a reliable CRM system such as Salesforce, HubSpot, or Zoho. He offers practical advice on segmenting customers based on their last purchase and understanding the reasons behind the cessation of past transactions. The episode emphasises key strategies such as setting measurable targets, integrating automated solutions, and establishing long-term sales objectives for sustainable growth.
Key Takeaways:
- Use CRM systems effectively to classify and analyze existing customer data, identifying prospects who haven’t transacted recently.
- Understand the reasons why customers stopped engaging with your business and categorize these reasons to build customized re-engagement strategies.
- Develop a sales playbook that includes varied offers and strategic campaigns to bring inactive customers back to life.
- Set clear targets for customer reactivation and monitor progress, integrating this into overall annual growth plans for your sales team.
- Balance professional ambitions with personal well-being by focusing on sleep, diet, stress management, exercise, and toxin reduction.
Time Stamps:
0:00 Intro
3:32 How To Impact Repeating Customers
4:18 Understanding Data
6:05 Segregating Customers to Periods
6:45 Breaking the Data Down
9:03 Offers in Bringing Customers Back in the Business
1037 Building Out That Playbook of Offers
16:30 Key Encouragements
17:10 Health and Fitness Tip
19:57 Outro
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