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		<title>Recession Proof Guide to Predictable B2B Sales for an Established Business Struggling With Sales</title>
		<link>https://smarketinglab.co.nz/recession-proof-low-sales/</link>
					<comments>https://smarketinglab.co.nz/recession-proof-low-sales/#respond</comments>
		
		<dc:creator><![CDATA[Assia Salikhova]]></dc:creator>
		<pubDate>Mon, 03 Jul 2023 07:05:49 +0000</pubDate>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[Smarketing Lab]]></category>
		<category><![CDATA[Strategy]]></category>
		<guid isPermaLink="false">https://smarketinglab.co.nz/?p=220535</guid>

					<description><![CDATA[<p>LinkedIn for Business Recession Proof Guide to Predictable B2B Sales for an...</p>
<p>The post <a href="https://smarketinglab.co.nz/recession-proof-low-sales/">Recession Proof Guide to Predictable B2B Sales for an Established Business Struggling With Sales</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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            LinkedIn for Business        </div>

        
    
    <h3 class="title">
                Recession Proof Guide to Predictable B2B Sales for an Established Business Struggling With Sales                    </h3>

    
    
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									<p><a href="https://smarketinglab.co.nz/what/framework/repetitive-connections/linkedin-for-business/linkedin-profile/linkedin-quiz/">Take a Quiz</a> to Assess Your LinkedIn</p>								</div>
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									<p>This is the last article in a series discussing three different business scenarios and what each can do to survive and thrive during a recession. If you’ve missed our introduction article “The Ultimate Guide to Predictable B2B Sales During a Recession”, read it here first. While there are five steps to ensure predictable sales, we’ve highlighted three specific actions to take if you’re a new business.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">For new businesses that have started in the past 24 months, the first article is for you.</h5>				</div>
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					<h5 class="elementor-heading-title elementor-size-default">For established businesses who aren’t feeling the pinch of the recession, check out the second article.</h5>				</div>
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									<p>Let’s get into the third and final article. This is for you if you are an established business and you have recently started to experience a downturn. Things may have been as recently as last year or a few months ago, but now everything is starting to look a bit down.</p><p>Struggling is perhaps a bit of a strong word here, what I mean is your business isn’t performing at the level it has previously or the level you expected it to. This isn’t necessarily a bad position to be in, depending on how long this has been going on. If you’ve caught it early then there are plenty of options on the table. Leave it too long and as your cash dries up, so do the options.</p><p>A reduction in sales can be broadly attributed to either internal or external influences. To keep things concise, we’ll focus on external influences that are causing issues. Internal problems like poor customer service, issues with the product, and problems with the company culture are outside the scope of this article.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">It is customary to think that cutting costs and hiring a new salesperson could be a solution. I strongly disagree because:</h3>				</div>
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									<ol><li>When times are getting tough, Marketing is needed more than ever (read more about it in “The Ultimate Guide to Predictable B2B Sales During a Recession”)</li><li>When sales are slowing down a new salesperson might be not a viable solution for your company – learn the reasons why in the article <a href="https://smarketinglab.co.nz/hiring-salespeople/">13 Common Myths About Hiring Salespeople: Debunked</a></li></ol>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">External Influences</h2>				</div>
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									<p>The easiest way to understand if it’s an external influence is to explore what the rest of your industry is experiencing.</p><p>Is there a general decline that seems to be hitting everyone? <br />Is your industry closely tied to something that is performing poorly at the moment? <br />Be this property prices, inflation, commodity prices, etc. If the reason is easy to identify, it can be easy to solve.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">You of course can’t do much to control these external influences, at least not now, instead focus on what you can control:</h5>				</div>
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									<ol><li>Your business</li><li>Your team culture</li><li>Sales Process</li><li>Work efficiency</li><li>Use of technology to do more with less effort</li></ol><p>When external influences are rocking your business, it’s time to look inward.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Retaining Customers</h2>				</div>
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									<p>If you’ve been losing customers, it’s a good idea to reach out to 5-10 and have a chat to discuss why they have left. This may provide insights that you haven’t thought of before. Perhaps there is a hot new entrant to the market you’ve overlooked. Or perhaps they just don’t have the cash flow to invest with you. Until you actually speak to them, it’s hard to really have a clear picture of what is going on.</p><p>In my experience, companies are often too shy to reach out to past customers assuming that there is some awkwardness or bad feelings. If you did something wrong, then of course the obvious solution moving forward is to improve your performance. But if you did nothing wrong then you may be surprised that your past customers would welcome your call and may gladly share their feedback about your company and the quality of products/services.</p><p>In any case, the key objective is to retain what customers you have. It costs easily 10x more to win a new client vs. sell to your existing customer. So conversely, you should fight 10x as hard to keep your current clients happy and buying from you. The advice here is very similar to that for companies whose business is doing well, so you can skip up a few paragraphs to that section and have a read.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">PRACTICAL ACTION to fight this 10x more that costs you nothing or very little:</h2>				</div>
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									<ol><li>Embrace Campaign Based Marketing businesses:</li></ol><ul><li>It could be sending a letter of appreciation or customer testimonials with each invoice</li><li>Try slipping in a block of chocolate, with a note saying thank you for your custom</li><li>Even adding the words “THANK YOU!” to your invoice might make someone’s day and positively differentiate you from the others.</li></ul><p>Old school? Yes. But because hardly anyone does this these days, it ensures you can stand out. A $3 block of chocolate is unlikely to break your bank, but it can build loyalty for an account spending thousands of dollars a month. The idea is to provide value at minimal additional cost to you.</p><ol><li>Run an online webinar to answer questions about your products or services or to demonstrate and explain your products and services further. Recently we called 200 customers of a software development company and discovered that 34% of them wanted to participate in a webinar explaining the software they are already using.</li><li>Make an extra customer care phone call. No staff? No time to do that? Well if the times are a bit tight your reception or even your accounts can do these calls with no other purpose but to build better personal relationships and show good customer service. A non-sales person might even have a better conversation along the lines of “How are things? How we can best serve you?”</li><li>Send weekly or fortnightly newsletters with industry updates, your company services/products explanation, and introduce your team (ask us for help if you are not sure where to start).</li><li>Take your key customer/s/ to lunch – your investment is way less than their overall business with you at stake.</li></ol><p> </p><p>Want more? Register for a session with me and discover more money-making low-cost solutions you can start doing right now  <a href="https://lnkd.in/dfGYSdUm">https://lnkd.in/dfGYSdUm</a></p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Review Internal Marketing</h2>				</div>
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									<p>If you’ve “been good”, you have some form of sales &amp; marketing in place. Now is the time to sit up and review what is and isn’t working. It’s possible you fell asleep at the wheel and forgot to measure; this can make things tricky now but not impossible.</p><p>Any brand-building activities can likely be put on hold without any major effects in the short-medium term or reviewed to make sure there is a direct sales call to action. This includes things like industry and business memberships you don’t use, radio spots, billboards, any kind of sponsorship, TV spots, and EXPO. Trade Shows and EXPOs may be okay to stay, as long as you are making the most of these events by capturing leads and then following up with them. If you’re just there to shake hands and give away some candy then perhaps it’s best to skip this.</p><p>It’s best to favour things that can be directly linked to new sales.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">In short: lead generation.</h2>				</div>
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									<p>Since you’re in B2B, the most effective forms of outreach will be: calling, email, social media, google ads, SEO, and maybe mail.</p><p>Yes, some of these are a bit outdated, but a call to a decision-maker still works and is still the fastest way to get to a yes or a no. SEO can be a tricky one as it’s a very broad topic. I would suggest focusing specifically on on-page SEO, and ensuring any agency working on this for you is creating quality content. Backlinks generally aren’t the only important thing these days and this content becomes more and more important in the eyes of Google as time marches on. Be careful about deploying Chat GPT to do this for you – Google will eventually penalise this content so it’s best to avoid any AI-writing tools.</p><p>One of the most common challenges we witness is when a company full of sales “farmers” is trying to force them to become “hunters” going out to do cold calling and opening new sales. This never works even with the best intentions and huge company support.</p><p>Read more about this in my article <a href="https://smarketinglab.co.nz/hiring-salespeople/">13 Common Myths About Hiring Salespeople: Debunked</a></p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">PRACTICAL ACTION. Is there a solution? Yes, there are three effective solutions and two of them are FREE:</h3>				</div>
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									<ol><li>It’s FREE for you as a business owner to embrace opening new sales yourself. This is not beneath you to return to the market – most times you have the highest expertise, and the best connections and you can tweak your prices to close more sales.</li><li>It’s FREE for you to inspire your “farmer” minded salespeople to offer the best customer service and call your existing and past customers to upsell.</li><li>And of course, you can reach out to a company like Smarketing Lab where we can call for you and secure new appointments and open new opportunities. That is a hands-free solution that works well too.</li></ol><p>Google Ads are another questionable item for several B2B companies. If done properly you should have a stream of enquiries. However, so many get it wrong. A good check to see if the ads are working for you is to see if you can pull up a list of enquiries that came from the ads. If this cannot be produced, you’re likely getting a bad deal which should be reviewed.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Review Sales Performance</h2>				</div>
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									<p>Hopefully, this doesn’t come as much of a surprise to you, but it’s time to check in and see what your salespeople are doing. If you happen to be in charge – then check in on yourself. The key thing you need to see is the sales process. I know enough about businesses to tell you that you probably don’t have a formalised sales process. But it’s important to get something on paper, a rudimentary flow chart at least.</p><p>Once you have a basic idea of how you get sales, you can start looking at measuring things and then improving areas that aren’t performing. Without this process in place, it really becomes difficult to troubleshoot sales as there is no telling what is really going on.</p><p>For example, has the number of prospects coming from your website fallen, or has the number of calls your salespeople made dropped? Perhaps the issue is prospects are choosing to put off the decision more than before. If you’re not measuring anything, then you will never really know. Humans aren’t great with giving accurate estimates, so any qualitative feedback you get will likely be at least half wrong. In short: Get your act together and start measuring things.</p><p>When you measure, you can find a bottleneck.</p><p>When you don’t measure every step you can’t possibly find what needs to be improved.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">PRACTICAL ACTION:</h3>				</div>
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									<ol><li>Draw a sales process – involve your sales team to help</li><li>Ask to see sales stats in order to identify the areas of greatest concern</li><li>Implement a CRM so that you can have access to stats with ease at any time</li></ol>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">3 Steps for Established Businesses with Lower Sales</h2>				</div>
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									<p>To sum up, if your issue is external, you likely can’t do much about it. So rather than sulking, go look internally for ways to improve your situation.</p><ol><li>Start by ensuring you stop losing customers, provide them the value they crave and ensure you go above and beyond for them.</li><li>Second review any unnecessary marketing spend like brand awareness, and refocus this on lead generation.</li><li>Finally work with your sales to produce a sales process, you’ll need it now and, in the future, to tune up sales.</li></ol>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Still in Doubt?</h3>				</div>
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									<p>You’re not alone. When sales are slipping it can be easy to enter a panic and freeze, not sure what to do next. While the steps in this article are good areas to start, sometimes you just don’t have the time or mental capacity for anything. That’s when you know it’s a good idea to get some help.</p><p> </p><h5>Here at Smarketing Lab,</h5><p>we have a number of ways we can assist. The lowest level is being a virtual CMO for your business. You’ll meet with me every week for 14 weeks and we will set 10 goals to achieve over this period of 100 days. This can be a real game-changer as we navigate through any issues you have around Sales and Marketing and how to resolve them.</p><p>If you feel you need a bigger hand – the next step up is us doing the marketing for you. We can start with a strategy or a Strategic Action Plan. The next step is discussing what internal resources exist and where there is a gap that needs to be filled. Our team has a wide range of skills from calling,  copywriting, web design, LinkedIn management, email marketing and more. We can assist you at every level of your marketing no matter how big or small.</p><p>Reach out and book time with me today &#8211; <a href="https://lnkd.in/dfGYSdUm">https://lnkd.in/dfGYSdUm</a></p>								</div>
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									<h2>Assia Salikhova</h2><h3>Smarketing Lab Co-Creator,<br />developer of profitable B2B solutions to grow your business.</h3><p><a href="mailto:assia@smarketinglab.co.nz">assia@smarketinglab.co.nz</a></p><p>Ready for the next step?<br /><a href="/linkedin-for-business/">Learn about LinkedIn from Business Services from Smarketing Lab</a></p><p>Find out how well your LinkedIn profile stands by <a href="/linkedin-quiz/">taking a special Quiz</a> to discover how your profile on LinkedIn stacks up vs industry standards. Then ask for help when needed. Because the #teamtalent at Smarketing Lab is on standby ready to help you gain the full benefit from LinkedIn for your business. <a href="/linkedin-profile/">Learn More</a></p>								</div>
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											<div class="date">December 22, 2023</div>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="LinkedIn Meaning" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-meaning/">
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-username/">
						LinkedIn Username					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-verification/">
						LinkedIn Verification					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-contact/">
						LinkedIn Contact					</a>
				</h4>
			</div>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-private-mode/">
						LinkedIn Private Mode					</a>
				</h4>
			</div>
										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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								</div>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-api/">
						LinkedIn API					</a>
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			</div>
										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
									</div>
								</div>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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		<p>The post <a href="https://smarketinglab.co.nz/recession-proof-low-sales/">Recession Proof Guide to Predictable B2B Sales for an Established Business Struggling With Sales</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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		<title>Recession Proof Guide to Predictable B2B Sales for an Established Company Where Business is Going Well​</title>
		<link>https://smarketinglab.co.nz/recession-proof-established-business-well/</link>
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		<dc:creator><![CDATA[Assia Salikhova]]></dc:creator>
		<pubDate>Mon, 03 Jul 2023 07:02:29 +0000</pubDate>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Sales]]></category>
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					<description><![CDATA[<p>LinkedIn for Business Recession Proof Guide to Predictable B2B Sales for an...</p>
<p>The post <a href="https://smarketinglab.co.nz/recession-proof-established-business-well/">Recession Proof Guide to Predictable B2B Sales for an Established Company Where Business is Going Well​</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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															<img decoding="async" width="1200" height="600" src="https://smarketinglab.co.nz/wp-content/uploads/2023/07/Recession-Proof-for-an-Established-Business-is-Going-Well.jpg" class="attachment-large size-large wp-image-223337" alt="" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/07/Recession-Proof-for-an-Established-Business-is-Going-Well.jpg 1200w, https://smarketinglab.co.nz/wp-content/uploads/2023/07/Recession-Proof-for-an-Established-Business-is-Going-Well-768x384.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/07/Recession-Proof-for-an-Established-Business-is-Going-Well-300x150.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/07/Recession-Proof-for-an-Established-Business-is-Going-Well-600x300.jpg 600w" sizes="(max-width: 1200px) 100vw, 1200px" />															</div>
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            LinkedIn for Business        </div>

        
    
    <h3 class="title">
                Recession Proof Guide to Predictable B2B Sales for an Established Company Where Business is Going Well                    </h3>

    
    
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									<p><a href="https://smarketinglab.co.nz/what/framework/repetitive-connections/linkedin-for-business/linkedin-profile/linkedin-quiz/">Take a Quiz</a> to Assess Your LinkedIn</p>								</div>
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									<p>This is the second article in a series discussing three different business scenarios and what each can do to survive and thrive during a recession. If you’ve missed our introduction article “The Ultimate Guide to Predictable B2B Sales During a Recession”, read it here first. While there are five steps to ensure predictable sales, we’ve highlighted three specific actions to take if you’re a new business.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">For new businesses who have set up in the past 24 months, check out the first article.</h5>				</div>
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					<h5 class="elementor-heading-title elementor-size-default">For established businesses that are experiencing a slowdown or lower sales, either since last year or more recently, this third article is for you.</h5>				</div>
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									<p>Now let’s get started with the second article. This is for businesses who are established, and not really feeling any kind of downturn.</p><p>If you’re in this camp, you’re doing well already. However, now is not the time to rest on your laurels! The business may be going well now, but it’s important to take steps to ensure this continues into the future. On the upside, you will have spare resources to invest in this.</p><p>In our 20 years in business all too often we get approached by businesses who were doing well … until just one key client leaves for whichever reason and all of a sudden they need urgent sales, which is next to impossible to do for a company that did no marketing for years!</p><p>Don’t be that company, maintain your market presence by marketing at all times. Simple, yet effective!</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Retention Should Be Your #1 Priority</h2>				</div>
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									<p>The best way to ensure continued success is by ensuring your customers stay with you. In uncertain markets, you need to stay in touch with all of them and let them know you are still here and ready to service their needs. Customers tend to have short memories, and managers change all the time.<br />Therefore a past customer is no guarantee of a future one unless you are actively building top-of-the-mind awareness for them.</p><p>You can view this as improving your customer service, and use it as a chance to educate them about your products and services. You’ve likely heard of a customer mention they bought something you sell and then act surprised when you mention you also provide this. This is not because they suddenly don’t like you, they genuinely didn’t know you provide it. This is why education and staying in touch are so vital.</p><p> </p><h5>Once your follow-up and education are well sorted, it’s time to review what value you currently provide vs your competitors.</h5><p>Is there something missing that can be added at low or no cost to you? We’ve all heard of customers receiving a small chocolate with every delivery, and how much this small gesture can build loyalty. But do you implement this in your business?</p><p>The chocolate is a metaphor, of course, it’s not always viable in every industry. The key is to think outside the box and find ways to provide value over and above what your customer expects. For service-based industries, it could be providing special insights that only you know. Or if you have a good geographic concentration of your customers, why not put on a customer appreciation evening?</p><p>On that note, it’s appropriate to mention that 100% of business owners I met over the years agree that NONE of their customers actually know all the products or services they provide. That is why your customers and past customers can often buy more from you if they know more about what you offer.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">PRACTICAL ACTION:</h2>				</div>
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									<ol><li>Choose to invest in marketing. If times are good, you have the ability to invest in marketing so that times will continue to be good!</li><li>Start a regular email newsletter &#8211; fortnightly for services or weekly for products. This creates an opportunity for your connections to learn more about your products and services. Sounds too complicated? Ask me how 12 months’ worth of emails can be developed over 6 weeks with little time investment from you.</li></ol>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Explore the Merits of New Product Development</h2>				</div>
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									<p>Any downturn can be an excellent opportunity to spend some time developing new products and services. And this is especially true if you are coming into it from a position of strength. If sales are stagnating, you may choose to spend your efforts investing in something new. This can put you in a great position to take advantage once the market returns, and suddenly you have something new over your competitors.</p><p> </p><h5>Remember if developing a new product/service:</h5><p>do good market research first. There’s no point imagining what the market wants, you need to talk to them! Breakthroughs like the iPhone are far and few in between. Most new products are built based on robust conversations with current customers to uncover what their current pain points are.</p><p>This doesn’t have to be limited to products and services by the way. You can look at your internal business and see what can be improved there. Would a piece of custom software make the customer experience better, or streamline your own delivery? Perhaps the website needs a refresh? Or maybe you have a lack of good quality content to entice new prospects? While your competitors may be struggling, take this opportunity to invest in future sales.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">PRACTICAL ACTION:</h2>				</div>
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									<ol><li>Investigate anything that is new or happening in your industry. Whether this is a straw poll type of chat or a more robust market research, this can be a great way to build your future success.</li><li>If nothing product/service comes up, consider how you can improve the way you do things. Is there a way to become more efficient, or do things to a higher standard?</li></ol>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">It May Be Time for M&amp;A</h2>				</div>
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									<p>Depending on how well you’ve done, you may have a significant amount of cash to invest. A merger or acquisition shouldn’t be left to the big boys. Even a small business can explore this option. And in fact, during a downturn, it can be easier to find the right business at a discounted price. This can be a risky strategy as a lot can go wrong, especially if you have to merge teams.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Some things to remember:</h3>				</div>
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									<ol><li>Sometimes you are just buying the list of clients, make sure they have one!</li><li>How much duplication of admin can be cut down/handled by your current team?</li><li>You can merge up and down the supply chain, don’t be limited to direct competitors.</li><li>A merger can be a good way to expand beyond your city while sharing the risk with another business.</li><li>Try to look for businesses that do things in the same way you do them – a good cultural fit is usually vital.</li><li>Sometimes you are just buying talent – i.e. the employees.</li></ol><p>M&amp;A can reap great rewards, and once you’ve done it once you may end up continuing until you’re a well-known brand. Just remember the fundamentals that made you a success in the first place, as these aren’t likely to change over time.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">PRACTICAL ACTION:</h2>				</div>
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									<ol><li>Be open to opportunities that may come along and try to think laterally. Oftentimes once we become open to an idea we start seeing the opportunities all around us.</li><li>Have a chat with a business broker so you understand the process and are well-equipped if you do notice any opportunities.</li></ol>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">3 Steps for an Established Thriving Business</h2>				</div>
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									<p>To summarise, if you have an established business that has done or is doing well there are three broad areas to continued success.</p><ol><li>First off you want to secure your position, this means ensuring you retain your existing customer base. Look for ways to delight them and keep in touch to ensure they keep coming back to you.</li><li>Second, this can be a good time to develop a new product/service/internal process to increase how competitive you are.</li><li>And finally, if you are really cashed up, it may be worth looking at mergers and acquisitions to fuel growth.</li></ol>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Still in Doubt?</h2>				</div>
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									<p>You’re not alone. Lucky for you, you’re in a great position with a lot of different options available to you. That alone can be overwhelming! We’re here to help.</p><p>The easiest way to get clear on your goals is to work with me on a weekly basis as a virtual CMO. We’ll set 10 goals to achieve over a 100-day period, this equates to 15 weekly meetings with myself. I’ll bring a lot of ideas to these meetings and provide a sounding board for your thoughts. These 100 days can be truly transformational and you’d be surprised what can be achieved in such a short time period.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">Or if you’d like something a bit more hands-on, we can start with a Strategic Action Plan. </h5>				</div>
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									<p>Note this isn’t a full-blown strategy, you’ll get actual actions to take to solve your biggest challenges with sales and marketing. Then we can discuss what internal resources are available to get you going, and where we can assist.<br />Our team has a wide skillset, so we can step in at any level of marketing whether it’s emails, copywriting, calling, web design, LinkedIn/Social management, or something a bit different.<br />Take the first step today – book a chat with me and let’s see how we can work together. <a href="https://lnkd.in/dfGYSdUm">https://lnkd.in/dfGYSdUm</a></p>								</div>
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									<h2>Assia Salikhova</h2><h3>Smarketing Lab Co-Creator,<br />developer of profitable B2B solutions to grow your business.</h3><p><a href="mailto:assia@smarketinglab.co.nz">assia@smarketinglab.co.nz</a></p><p>Ready for the next step?<br /><a href="/linkedin-for-business/">Learn about LinkedIn from Business Services from Smarketing Lab</a></p><p>Find out how well your LinkedIn profile stands by <a href="/linkedin-quiz/">taking a special Quiz</a> to discover how your profile on LinkedIn stacks up vs industry standards. Then ask for help when needed. Because the #teamtalent at Smarketing Lab is on standby ready to help you gain the full benefit from LinkedIn for your business. <a href="/linkedin-profile/">Learn More</a></p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Discover the Values and Benefits of Upgrading and Optimising LinkedIn Profile</h3>				</div>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-open-profile/">
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="LinkedIn Meaning" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-meaning/">
						LinkedIn Meaning					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-username/">
						LinkedIn Username					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-verification/">
						LinkedIn Verification					</a>
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										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-contact/">
						LinkedIn Contact					</a>
				</h4>
			</div>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-private-mode/">
						LinkedIn Private Mode					</a>
				</h4>
			</div>
										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
									</div>
								</div>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-api/">
						LinkedIn API					</a>
				</h4>
			</div>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
									</div>
								</div>
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		<p>The post <a href="https://smarketinglab.co.nz/recession-proof-established-business-well/">Recession Proof Guide to Predictable B2B Sales for an Established Company Where Business is Going Well​</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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		<title>Recession Proof Guide to Predictable B2B Sales for a New Business</title>
		<link>https://smarketinglab.co.nz/recession-proof-new-business/</link>
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		<dc:creator><![CDATA[Assia Salikhova]]></dc:creator>
		<pubDate>Mon, 03 Jul 2023 06:57:44 +0000</pubDate>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[Smarketing Lab]]></category>
		<category><![CDATA[Strategy]]></category>
		<guid isPermaLink="false">https://smarketinglab.co.nz/?p=220523</guid>

					<description><![CDATA[<p>LinkedIn for Business Recession Proof Guide to Predictable B2B Sales for a...</p>
<p>The post <a href="https://smarketinglab.co.nz/recession-proof-new-business/">Recession Proof Guide to Predictable B2B Sales for a New Business</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
]]></description>
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            LinkedIn for Business        </div>

        
    
    <h3 class="title">
                Recession Proof Guide to Predictable B2B Sales for a New Business                    </h3>

    
    
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									<p><a href="https://smarketinglab.co.nz/what/framework/repetitive-connections/linkedin-for-business/linkedin-profile/linkedin-quiz/">Take a Quiz</a> to Assess Your LinkedIn</p>								</div>
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									<p>This is the first article in a series discussing three different business scenarios and what each can do to survive and thrive during a recession. If you’ve missed our introduction article “The Ultimate Guide to Predictable B2B Sales During a Recession”, read it here first. While there are five steps to ensure predictable sales, we’ve highlighted three specific actions to take if you’re a new business.</p><p> </p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">For established businesses who aren’t feeling the pinch of the recession, check out the second article.</h5>				</div>
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					<h5 class="elementor-heading-title elementor-size-default">For established businesses that are experiencing a slowdown or lower sales, either since last year or more recently, this third article is for you.</h5>				</div>
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									<p><strong>Now let’s dive into our first article which goes over what to do if you’re a reasonably new business (18-24 months). This is probably you’re first ever recession in business, and you’re not sure what to expect.</strong></p>								</div>
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									<p><strong>First things first:</strong> congratulations on starting your own business and surviving the first 18-24 months!</p><p>Hopefully, by the end of your first or second year, you should be able to see how viable it is, and if you’re still here I assume it is a commercial success. Remember your business shouldn’t just replace your job. A business that can’t work without you is just a risky job.</p><p>Always keep your eye on the end goal – exiting the business, whether through a sale or by employing someone to do your bit.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">Alternatively, maybe you are in the midst of launching your new business – the advice here will still serve you.</h5>				</div>
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									<p>Running a new business in a recession can be tricky. You’re likely not very well known in your industry, and word of mouth isn’t necessarily something you can rely on. However, you are also most likely a nimble company and able to adapt much faster than older competitors. You also likely don’t have much baggage and are open to doing things a bit differently.</p><p><strong>No matter. Success can and is still found in certain industries and niches. There are a few keys to marketing as a new or newish business during a recession.</strong></p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Understand Your Competition &amp; What Makes You Different</h2>				</div>
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									<p>As a newcomer, it’s likely you’ll have to face off and win against established businesses. The best way to do this and succeed is to know what everyone else offers so you can establish a unique selling proposition. Finding your own niche or special approach that customers value is key to succeeding in a tough market environment.</p><p>Established businesses tend to become complacent with their offerings and are often out of touch with what the customer actually wants. This proves an excellent opportunity to swoop in and pick them off one by one. Researching your competition and your customers is the key to making this work.</p><p>During a recession, it’s extra important to know your customer back to front. Their needs are likely changing or have changed due to the slowdown. If you can find out what it is and tweak your offering that will put you in good stead to succeed.</p><p> </p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">PRACTICAL ACTION:</h3>				</div>
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									<p>Get clear on who your target market is and then speak to 10-20 people in your target market, well beyond your friends and family. Sounds hard? Trust me that’s the easiest action you’ll ever do for sales in your business. And frankly, if that scares you, you have to question if you are ready for business ownership.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Same-Same = Not Good Enough</h2>				</div>
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									<p>If you’re starting a business that offers the same thing as everyone else, this simply isn’t good enough. Unless you are in the commodity business, then perhaps you don’t have much say.</p><p>However, every other type of business must find a niche in order to find success.<br />Build it and they will come may have worked for a few companies. But think of the most well-known brands like Coke or Microsoft. Notice what extraordinary efforts they take to keep sales coming. While you don’t need their huge budgets, you definitely need the tenacity, passion and persistence they demonstrate even while they are very well known.<br />Nowadays you need to build it right, communicate, market and advertise it to a specific audience, and then hopefully they will come.</p><p>A niche not only allows you to find your best customers, but it also cuts down how much work you actually need to do. Instead of trying to be everything to everyone, which by the way means you are no one to nobody, you can focus on being very good in a particular area. This doesn’t mean you can’t have a broad set of services; it means you have to be single-minded in your approach to the market.</p><p>For example, you may have opened a café. I’m not suggesting you just start making 101 types of muffins and nothing else.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">PRACTICAL ACTION:</h3>				</div>
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									<p>I suggest you look around and see who the market is. Does your café attract mostly families, teens, corporate workers, tradies, or someone else? Look for ways you can appeal to your audience. Whether this be through specials or focussing on a particular type of baked good.</p><p>For service-based businesses, this means focusing on a particular industry or specific type of service within your business. If you’re an accountant, be the best accountant for mechanics for example. Find exactly what they need from you and how you can add real value to their business. Do this, and you’ll be sure to find customers who really value what you bring to the table.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Can Be Hard to Break In, But The Opportunity Is There</h2>				</div>
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									<p>As a newcomer, you may have issues breaking through established competition and getting new clients. However, opportunity abounds, and if you’ve followed the two pieces of advice above, you should know what strategy to take. Take some time and find the best approach that gives you results. Don’t forget to measure your actions so you can understand what actually brings you the sales.</p><p>Offering something unique or the same thing with a new spin on it is the way to go. The Challenger Sale is a good book to read to educate yourself on how to succeed in any market environment. The gist of it is you need to challenge your prospects with insights only you know as an observer of the market. Then of course show how your product solves these newly found problems for the client.</p><p>Owning a social media game is another great way to stand out from the crowd. If you are on the younger side of the spectrum, you may have some good ideas about what is popular and gets attention on social media right now. Put this knowledge to good use and outmanoeuvre the larger more established businesses.</p><p>Remember how you are a spry and nimble business? It’s time to put this quality to good use. Run through ideas like a bullet train.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">PRACTICAL ACTION:</h3>				</div>
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									<p>Test, measure, and aim to fail quickly. The faster you can discount a sales/marketing idea, the faster you’ll get to what works for you. There are no bad ideas, if it meets common sense approval – just try it. One of the common mistakes in business is to stay in the testing phase forever.</p><p>What that means is that once something is working – scale and continue to test and measure. If it’s successful – scale more. If not – look for other ideas.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">3 Steps for a New Business</h2>				</div>
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									<p>To wrap up:</p><ol><li>A new business needs to understand the competition and its unique selling proposition.</li><li>Finding a niche is no longer an option, in an economic downturn, it’s basically a necessity.</li><li>And finally, breaking through the competitors may be hard but not impossible.</li></ol><p>It’s important to be adventurous and persistent in your sales and marketing approach. Testing and measuring is the way to go to find exactly what works in your field.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Still in Doubt?</h2>				</div>
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									<p>You’re not alone – these are times of incredible change and everyone is a bit on edge. It’s valuable to recognise that the situation is largely new for everyone and you are not alone, we are all in the same boat. If this is your first time in business, you’re probably not too sure what to expect. That is OK.</p><p>The good news is that there is always a pair of helping hands. One of the simplest ways to get clear on your sales and marketing is by having a sounding board and advisor you can trust. That’s why I’ve started offering a special virtual CMO service. We’ll meet weekly for 15 weeks and during these 100 days aim to achieve 10 goals when it comes to your business.</p><p>Think you need a bit more of a hands-on approach? My team is here to take the stress of marketing away from you. We are a multi-disciplinary bunch and have a wide range of skills to tackle any aspect of marketing. Whether it’s emails, web design, copywriting, video, LinkedIn management, strategy, or something else. </p>								</div>
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									<p>Get started by booking time with me for a chat and let’s see how we can help <a href="https://lnkd.in/dfGYSdUm">https://lnkd.in/dfGYSdUm</a></p>								</div>
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									<h2>Assia Salikhova</h2><h3>Smarketing Lab Co-Creator,<br />developer of profitable B2B solutions to grow your business.</h3><p><a href="mailto:assia@smarketinglab.co.nz">assia@smarketinglab.co.nz</a></p><p>Ready for the next step?<br /><a href="/linkedin-for-business/">Learn about LinkedIn from Business Services from Smarketing Lab</a></p><p>Find out how well your LinkedIn profile stands by <a href="/linkedin-quiz/">taking a special Quiz</a> to discover how your profile on LinkedIn stacks up vs industry standards. Then ask for help when needed. Because the #teamtalent at Smarketing Lab is on standby ready to help you gain the full benefit from LinkedIn for your business. <a href="/linkedin-profile/">Learn More</a></p>								</div>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="LinkedIn Meaning" >
			
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						LinkedIn Meaning					</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-verification/">
						LinkedIn Verification					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-contact/">
						LinkedIn Contact					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-private-mode/">
						LinkedIn Private Mode					</a>
				</h4>
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										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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		<p>The post <a href="https://smarketinglab.co.nz/recession-proof-new-business/">Recession Proof Guide to Predictable B2B Sales for a New Business</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
]]></content:encoded>
					
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		<title>Ultimate Guide to Predictable B2B Sales During a Recession</title>
		<link>https://smarketinglab.co.nz/what-to-do-during-recession/</link>
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		<dc:creator><![CDATA[Assia Salikhova]]></dc:creator>
		<pubDate>Mon, 03 Jul 2023 06:49:32 +0000</pubDate>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[Smarketing Lab]]></category>
		<category><![CDATA[Strategy]]></category>
		<guid isPermaLink="false">https://smarketinglab.co.nz/?p=220510</guid>

					<description><![CDATA[<p>LinkedIn for Business The Ultimate Guide to Predictable B2B Sales During a...</p>
<p>The post <a href="https://smarketinglab.co.nz/what-to-do-during-recession/">Ultimate Guide to Predictable B2B Sales During a Recession</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
]]></description>
										<content:encoded><![CDATA[		<div data-elementor-type="wp-post" data-elementor-id="220510" class="elementor elementor-220510">
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    <h3 class="title">
                The Ultimate Guide to Predictable B2B Sales During a Recession                    </h3>

    
    
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									<p><a href="https://smarketinglab.co.nz/what/framework/repetitive-connections/linkedin-for-business/linkedin-profile/linkedin-quiz/">Take a Quiz</a> to Assess Your LinkedIn</p>								</div>
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									<p>Whether we are in a recession or not, we can all agree we live in times of fast and unexpected changes. There is a real likelihood that the speed of change will only grow in the future as we embrace tech further.</p><p>This article offers you the ultimate guide to changing your sales process in order to have predictable B2B sales.</p><p>There is no promise of a fast solution or 10x growth, although some might apply our ideas to do just that. Instead, the aim is to show you that every company is capable of taking action to not only survive but also thrive in unpredictable times. This is possible if five fairly straightforward ideas are taken on board and implemented.</p><p>Think about it, just five ideas coupled with consistent actions are all that is standing in your way! Just do it!</p><p>But first, let’s be clear about where we are at right now. While your situation may be different it’s important to recognise where we are coming from.</p><p>If you&#8217;re ready to dive into something a little more specific, we&#8217;ve also got four mini-guides for three different business situations, check them out below:</p>								</div>
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																<a href="https://smarketinglab.co.nz/recession-proof-low-sales/">
							<img loading="lazy" decoding="async" width="1200" height="1200" src="https://smarketinglab.co.nz/wp-content/uploads/2023/07/21.png" class="attachment-large size-large wp-image-220543" alt="" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/07/21.png 1200w, https://smarketinglab.co.nz/wp-content/uploads/2023/07/21-300x300.png 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/07/21-100x100.png 100w, https://smarketinglab.co.nz/wp-content/uploads/2023/07/21-600x600.png 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/07/21-150x150.png 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/07/21-768x768.png 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/07/21-200x200.png 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/07/21-500x500.png 500w" sizes="(max-width: 1200px) 100vw, 1200px" />								</a>
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				<section class="elementor-section elementor-top-section elementor-element elementor-element-852fd2f elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="852fd2f" data-element_type="section" data-e-type="section">
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					<h2 class="elementor-heading-title elementor-size-default">What’s the starting point?</h2>				</div>
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									<p>With all the news coming out these days, it can be difficult to stay positive. Many businesses are facing tough challenges, and one of the easiest things to do is cut costs. Marketing is traditionally first out as it’s often viewed as an unnecessary expense.</p><p>This attitude is the very root of the problem – too many companies of all sizes in various industries perceive marketing as an expense rather than an investment.</p><p>To be fair it’s a two-way street, and this perception is partly a result of a non-practical marketing approach that is too focussed on research and strategy and misses implementing great ideas. Let’s face it, some marketers have a lot to answer for.</p><p>When you recognise the true nature and the value of marketing as an investment in future business, it makes almost no sense to cut it as the first resort. Instead, it’s now time to face the challenge head-on and invest in <strong>marketing that works</strong>. Inaction during challenging economic times leads to even fewer sales soon after.</p><p>It’s common for companies who take action, even complete newbies, to grow during times of economic challenges because many others slow down and don’t seize opportunities.</p>								</div>
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				<section class="elementor-section elementor-top-section elementor-element elementor-element-e7911a0 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="e7911a0" data-element_type="section" data-e-type="section">
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					<h2 class="elementor-heading-title elementor-size-default">What to do during Recession?</h2>				</div>
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					<h3 class="elementor-heading-title elementor-size-default">Step #1: Put Yourself Into Your Customer’s Shoes</h3>				</div>
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					<h5 class="elementor-heading-title elementor-size-default">1.1: Talk to Your Customers</h5>				</div>
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									<p>Understanding your customer is Business 101. But when times are tough, it’s even more important to spend some time and really get an understanding of what your customer is going through. By putting yourself into their shoes you can appreciate what their pain points are because let’s face it – they have likely changed recently.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">1.2: Review Your Offering</h5>				</div>
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									<p>Changing requirements is an opportunity for you to outshine your competitors. If you are able to listen, understand and then tailor your approach, this can really make you stand out from the crowd. You might be thinking, how do I go about doing this?</p><p>Well, it’s easier than you think. Pick up the phone and have a chat with your customers. Ideally, pick the ones you have a good relationship with and who are more likely to be open to discussing what’s going on. Ask open-ended questions about their situation and try to think of ways you can help them. It could mean altering your services or increasing/decreasing certain things. Maybe it’s about offering long-term financing options.</p><p>The point is, to speak to your customers and find out what their situation is. Then take that information and see what you can do to help. It doesn’t always have to be financial either – it could be as simple as a workshop that shows them how to do something or use something more efficiently.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">1.3: Make a Real Effort to Retain Your Customers</h5>				</div>
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									<p>Understanding your customer’s current situation is the first step in ensuring you retain them. Showing up will give them a sense of comfort, knowing that in these times of change, they can still rely on you. Altering your offering so it better suits their situation and needs shows them you are paying attention.</p><p>Often these conversations with your customers can lead to a sale. They likely don’t know your full product range, so when you are having these chats keep in mind if there is anything you offer that solves their challenges. It could be something that increases efficiency or productivity etc.</p><p>The bottom line – talk to your customers, and your prospects, with the aim of helping as much as you possibly can. Both with advice and offering services/products where relevant. Chances are you will either get more business immediately or sometime in the future.</p>								</div>
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				<section class="elementor-section elementor-top-section elementor-element elementor-element-1e354b1 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="1e354b1" data-element_type="section" data-e-type="section">
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					<h2 class="elementor-heading-title elementor-size-default">What to do during Recession?</h2>				</div>
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					<h3 class="elementor-heading-title elementor-size-default">Step #2: Communicate. A LOT MORE.</h3>				</div>
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					<h5 class="elementor-heading-title elementor-size-default">Step 2.1: Basic Information is Important.</h5>				</div>
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									<p>Recessions are a good time to re-assess your communication skills. I don’t mean verbal, although that never hurts either. I mean what are you putting out there into the world as a business?</p><p>Are you offering sage advice to your customers and prospects that help them? Or are you leaving it up to Wikipedia and your competition to educate them?</p><p>It’s been fairly common knowledge that senior managers prefer to talk to you after they’ve done their own research. And in 2022, Gartner confirmed this in a report: 72% of decision-makers prefer a ‘rep-free’ experience. This means they are able to educate themselves about you, without you.</p><p>What does this look like in real life? In short, it means there are people out there right now looking for solutions you can provide. If content marketing is a foreign concept for you then they are likely not to find you or your company and as a result… go elsewhere. If only they knew you can do it so well!</p><p>Now is the time to understand and embrace content marketing. For some that might mean that you need to start from the very bottom and work your way up. Imagine your customers know nothing about your product, that is the lowest level you need to start with.</p><h5>FAIR WARNING:</h5><p>for every highly technical industry, please stop thinking your company is well-known or that your customers understand all your technical jargon. First of all, the market is pretty ignorant and most companies are a lot less known than they think they are. Second, often times the decision is made by a senior manager or the company owner who might be not as technically minded as you would expect them to be.</p><p>A pretty classic example: digital transformation. Senior management can’t even start thinking let alone make a decision unless they understand some digital fundamentals. When I mention Senior Management, that includes their IT department. Hard to believe this? I’ve spoken to hundreds of companies in this exact position, and more often than not senior managers have a knowledge gap.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">2.2: Address Pain Points</h5>				</div>
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									<p>Simple articles explaining the basics, all the way up to guides and case studies that really showcase what your business can help them achieve. The reality is that a lot of people who think they know everything, really don’t know all that much. Commonly used jargon might actually be causing confusion. So while the temptation may be to dive into complex thoughts, it’s important to have the basics right first.</p><p>Content that addresses current pain points is a great way to show off your knowledge while helping educate your prospects on what you can do for them. Case studies are a great way to do this in a more interesting and engaging format. Better yet, ask if your customers would be open to recording a short video testimonial. Video testimonials like this really help you stand out from the crowd and build trust.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">2.3: Claim Your Space as an Expert</h5>				</div>
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									<p>Now that you have all this wonderful content, it’s important to put it to good use. And this means LinkedIn or other social media platforms. You need to connect with your target audience and share your ideas and thoughts. By doing this you claim your space and develop your reputation as an expert.</p><p>The word “expert” is often questioned by our clients. But why? If you’ve been in the business for a decade, are you not an expert in your field? If you’re a bit newer but part of a team, you can still claim expertise via them. The term expert in this context doesn’t necessarily mean someone who knows everything, just someone who knows more than others.<br />Worst of all, if you aren’t showing up and claiming your space, this leaves a gap for your competitors to do it for you.</p>								</div>
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				<section class="elementor-section elementor-top-section elementor-element elementor-element-52ecc94 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="52ecc94" data-element_type="section" data-e-type="section">
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					<h2 class="elementor-heading-title elementor-size-default">What to do during Recession?</h2>				</div>
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					<h3 class="elementor-heading-title elementor-size-default">Step #3: Show Up Consistently</h3>				</div>
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					<h5 class="elementor-heading-title elementor-size-default">3.1: Network More</h5>				</div>
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									<p>We all know that a large part of success is just showing up. This is especially true in times of uncertainty. It’s important to be visible not only to your clients but to your prospects as well. The last thing you want to do is make it harder to be found, or worse give them the impression you are no longer in business.</p><p>While appearing at offline networking events and trade shows is still a good strategy, online is a much cheaper alternative and you can reach a wider audience.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">3.2: Social Media Works More Than Ever</h5>				</div>
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									<p>Furthermore, being merely visible on the right social media for your audience is the bare minimum you can do these days. Even if it’s simple posts that explain your products/services and their benefits, this is better than nothing. What this signals to your customers and the market, in general, is that you are still around and available.</p><p>Times of change bring times of new management as well, and sometimes this ends in a review of suppliers. Being present online is a good step in ensuring when they are doing a review, you are easy to find. Explaining the benefits of working with you on social media will help ensure any new managers are able to self-educate themselves even if you are not always calling up.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">3.3: Collaborate With Others</h5>				</div>
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									<p>Collaborating with complementary businesses is another great way to show up for your clients. This is a seriously under-utilised strategy because everyone seems to be looking out for themselves. An arrangement like this can be as simple as committing to referring customers back and forth, or you can do package deals and cross-promotions.</p><p>These partnerships are a good opportunity to use your imagination and deliver something your customers will really value.</p>								</div>
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				<section class="elementor-section elementor-top-section elementor-element elementor-element-000104c elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="000104c" data-element_type="section" data-e-type="section">
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					<h2 class="elementor-heading-title elementor-size-default">What to do during Recession?</h2>				</div>
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					<h3 class="elementor-heading-title elementor-size-default">Step #4: Use Technology to Communicate a Lot More</h3>				</div>
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									<p>We often think we are good communicators. But are we?</p><p>How up-to-date is your website?</p><p>If you sell offline – do you have enough printed material?</p><p>How often do you post on social media?</p><p>How frequently do you send a newsletter?</p><p>When did you last publish an article or video?</p><p>Can you tell when was the last time you spoke to each customer?</p><p>When did you last speak to each prospect?</p><p>The reality is, business gets in the way of all of the above. So it’s only natural that sometimes we forget to post, or don’t have quite enough time to make that call. This is where planning in advance and automation can really make life easier.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">4.1: Employ a CRM, That You Will Use</h5>				</div>
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									<p>A good first step is to have a CRM. However, the best CRM is one that will be used. So if you’ve tried in the past and failed, maybe just stick to an Excel spreadsheet for the time being. It’s better you have a spreadsheet of customers and notes, than a fancy CRM that you never touch and doesn’t get updated.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">4.2: Create Content in Advance</h5>				</div>
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									<p>Social media posts and email newsletters can all be thought through and created in advance. LinkedIn even lets you schedule posts natively within the system online or via mobile. So there is no reason you can’t “be present” online. This can seem like a mammoth task, so break it off into chunks and work on a quarterly or monthly basis.</p><p>Set aside a few days for creating content, then schedule it and rest assured that it is working for you in the background.</p>								</div>
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									<p>In addition, leverage the power of automation tools available at your disposal. This means creating landing pages that can sell for you when you are asleep, calendar booking software that lets prospects find a time that is good for them, follow-up emails that answer enquiries immediately, chatbots that can answer your most commonly asked questions, and so much more. All these little automation can help push the prospect further down the sales process without your involvement, leaving you more time to shine and add value.</p><p>If you find few words in this section sound like a foreign language for you, it’s time to learn modern marketing approaches because it’s not as complex as you think. You are always welcome to ask implementation experts from Smarketing Lab for guidance.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">What to do during Recession?</h2>				</div>
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					<h3 class="elementor-heading-title elementor-size-default">Step #5: Optimise Marketing</h3>				</div>
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					<h5 class="elementor-heading-title elementor-size-default">5.1: Slim Down Multiple Agencies</h5>				</div>
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									<p>At times, companies end up with a few too many agencies. While it may seem like a good idea initially, the reality of working with 2-5 agencies is that there&#8217;s often a lack of a unified strategy. Either each one is looking for you to provide a strategy, or each is advocating for their approach.</p><p>This can be detrimental to a business as it either floats aimlessly producing different pieces of marketing materials that don’t work together. Or it gets pulled apart in several different directions, with sometimes disastrous results in the end.</p><p>We advocate for a multi-disciplinarian agency that can cover the bases of what is needed, instead of an agency really focused on doing one thing really well. Just like many things, marketing works best not when every different section is performing at its peak, but when the whole is optimised. That’s not to say everything can’t be the best, it’s just not necessary. So, now is the time to review how many agencies you work with and aim to slim it down. One way to do that is to find out the full range of capabilities of agencies you are already working with.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">5.2: Use Internal Agency &amp; Augment With Agency Expertise</h5>				</div>
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									<p>Review what internal resources are at your disposal and discuss how these can be used with your agency. If you are a competent copywriter, there may not be a need to pay for articles to be written. Instead, perhaps look for an agency capable of taking your thoughts and turning them into other forms of content – social media posts and videos for example.</p><p>A good tip to increase your reach on social media is to have your team engage with it. Even if they just react to your company posts, this will give it a boost as it shows people are interested and engaging with your content. The end result will be that your communication reaches more of your target market. Simple actions like this consistently bring a lot of value.</p><p>These cost-saving suggestions not only keep your marketing efforts going but also empower your team to stay productive during potential market slowdowns.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Where to from here?</h2>				</div>
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									<p>Simple consistent actions have been the key to predictable sales for businesses over the last 120 years, and now it’s our turn to align with market trends.</p><p>No matter your situation, you now have five good steps to move forward with your marketing (and sales). Recessions are part of our market reality, and while you can&#8217;t have unlimited growth with zero consequences, the good news is that the world continues turning. We will get through it if we’re proactive.</p><p>Every business owner and sales manager understands that predictable sales result from a multitude of relatively small, often simple consistent actions. These actions are measured and adjusted based on the results. Those who invest time and effort in doing the so-called “low-level sales activities” succeed in every market situation.</p><p>Today, we invite you to review what the “low-level sales activities” for your business are. Explore how a new mix of known and new content &amp; marketing-related activities can differentiate your business, creating more predictability of sales in the years to come.</p><p>So, keep calm, carry on, and implement some of the strategies we’ve discussed here. Not sure where to begin? Still feeling overwhelmed?</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">I have one final piece of good news: help from Smarketing Lab is here. </h3>				</div>
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									<p>Like a veritable superhero, we love to help businesses succeed.</p><p>Reach out and let’s have a chat. Start by booking a complimentary Strategy Planning Session with me at <a href="https://rb.gy/moqm3">https://rb.gy/moqm3</a></p><p><a href="https://www.linkedin.com/in/assia-salikhova/">Assia Salikhova</a><br />Managing Director, Smarketing Lab Limited</p><p>P.S. This article is the first in a series of four articles that will cover ideas that can help any B2B company stay afloat. In the next three articles, I will cover three key scenarios based on common types of companies we see every day.</p><p>In three articles (to be published weekly) we’re going to discuss the following scenarios:</p><ol><li><strong>Brand New B2B Business</strong>. Imagine a new business that has just come to market within the past 12-24 months. You likely started during or just after the pandemic and may or may not have found success. This recession is likely your first.</li><li><strong>Established B2B In Good Shape</strong>. If you are an established company and your business has been and is going well, then you might be wondering what to do to keep it up. While you keep reading about the doom and gloom, your business isn’t feeling any major changes. Or are they around the corner?</li><li><strong>Struggling From a Lack of Sales, Established B2B Company</strong>. This is about you if you are an established company and your business has been affected recently. Perhaps it was good a while ago, or maybe it was good as recently as last year. Whatever the case, the business has noticeably slowed down. Ideally, you’re not in crisis mode, as if you are it may be too late.</li></ol><p>While there are many other scenarios, we believe these three cover the majority of situations. Share in the comments if you feel other common situations are not covered and I’ll be happy to write some more about it.</p>								</div>
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									<h2>Assia Salikhova</h2><h3>Smarketing Lab Co-Creator,<br />developer of profitable B2B solutions to grow your business.</h3><p><a href="mailto:assia@smarketinglab.co.nz">assia@smarketinglab.co.nz</a></p><p>Ready for the next step?<br /><a href="/linkedin-for-business/">Learn about LinkedIn from Business Services from Smarketing Lab</a></p><p>Find out how well your LinkedIn profile stands by <a href="/linkedin-quiz/">taking a special Quiz</a> to discover how your profile on LinkedIn stacks up vs industry standards. Then ask for help when needed. Because the #teamtalent at Smarketing Lab is on standby ready to help you gain the full benefit from LinkedIn for your business. <a href="/linkedin-profile/">Learn More</a></p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Discover the Values and Benefits of Upgrading and Optimising LinkedIn Profile</h3>				</div>
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-open-profile/">
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="LinkedIn Meaning" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-meaning/">
						LinkedIn Meaning					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-username/">
						LinkedIn Username					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-verification/">
						LinkedIn Verification					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-contact/">
						LinkedIn Contact					</a>
				</h4>
			</div>
										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-private-mode/">
						LinkedIn Private Mode					</a>
				</h4>
			</div>
										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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								</div>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-api/">
						LinkedIn API					</a>
				</h4>
			</div>
										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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								</div>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-inmail/">
						LinkedIn Inmail					</a>
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		<p>The post <a href="https://smarketinglab.co.nz/what-to-do-during-recession/">Ultimate Guide to Predictable B2B Sales During a Recession</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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		<title>Waiting to &#8216;see what happens&#8217; in an election year is lousy business</title>
		<link>https://smarketinglab.co.nz/waiting-to-see-what-happens-in-an-election-year-is-lousy-business/</link>
					<comments>https://smarketinglab.co.nz/waiting-to-see-what-happens-in-an-election-year-is-lousy-business/#respond</comments>
		
		<dc:creator><![CDATA[Assia Salikhova]]></dc:creator>
		<pubDate>Wed, 21 Jun 2023 04:00:29 +0000</pubDate>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[Smarketing Lab]]></category>
		<category><![CDATA[Strategy]]></category>
		<guid isPermaLink="false">https://smarketinglab.co.nz/?p=220501</guid>

					<description><![CDATA[<p>LinkedIn for Business Waiting to &#8216;see what happens&#8217; in an election year...</p>
<p>The post <a href="https://smarketinglab.co.nz/waiting-to-see-what-happens-in-an-election-year-is-lousy-business/">Waiting to &#8216;see what happens&#8217; in an election year is lousy business</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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            LinkedIn for Business        </div>

        
    
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                Waiting to 'see what happens' in an election year is lousy business                    </h3>

    
    
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									<p><a href="https://smarketinglab.co.nz/what/framework/repetitive-connections/linkedin-for-business/linkedin-profile/linkedin-quiz/">Take a Quiz</a> to Assess Your LinkedIn</p>								</div>
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									<p>As someone deeply involved in the business world, I am dumbfounded by the customary but inexplicable inertia and indecisiveness that infects New Zealand SMEs in an election year.</p><p>This phenomenon not only hampers business but also negatively impacts the overall economy.</p><p>Despite the pressures and uncertainties that elections bring, there is no excuse for succumbing to this inertia. It is essential to acknowledge that very little changes during this time. Prices, exchange rates, and technological advancements continue to shape the business landscape, regardless of election outcomes.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Many people argue that they need to see what the new government looks like before making decisions. However, this 'election year pause' can only set a business back. </h3>				</div>
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									<p>Unpredictable and uncertain times demand a head-on, consistent approach. Waiting, and delaying decisions is not the solution.</p><p>In today&#8217;s rapidly evolving business world, companies must adapt swiftly to changes in technology and consumer behaviour, or they risk being left behind.</p><p>The market is flooded with overwhelming information and choices, making it easy for businesses to freeze and make no decisions. However, those who fail to make timely decisions will need help to catch up with the ever-changing landscape.</p><p><a href="https://www.business.govt.nz/">New Zealand businesses</a> must learn to thrive in a dynamic environment. Unfortunately, the speed of decision-making is not keeping pace with the rate of change. People often feel overwhelmed, but trying to understand it all is impossible and potentially harmful.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">To counter the tendency to freeze in the face of uncertainty, I propose three key strategies for businesses:</h3>				</div>
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									<ol><li>Improve and expedite the decision-making process: Businesses should commit to making decisions promptly and efficiently instead of allowing discussions to stagnate. Leaving a meeting without a decision only leads to wasted time and inertia.</li><li>Invest in education: To navigate the complexities of the modern world, businesses must expand their knowledge beyond their specific fields. Understanding digital transformation, political events, and economic trends is crucial for informed decision-making and sustainable growth.</li><li>Embrace change: Rather than fearing or resisting change, businesses should develop an appetite for it. Change is an inevitable part of the business landscape, and those who adapt quickly will thrive.</li></ol>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">As the business landscape evolves at an unprecedented pace, my belief remains steadfast. Consistency, coupled with adaptability, is the key to success.</h2>				</div>
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									<p>I aim to empower organisations to achieve long-term goals and thrive in an ever-changing environment. We can successfully navigate the dynamic business environment by encouraging businesses to maintain their marketing and sales efforts during both good and bad economic times.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Talking about business during election year,</h3>				</div>
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									<p>New Zealand SMEs must overcome the inertia and indecisiveness that hinder their growth. By implementing the strategies I have outlined and embracing consistency and adaptability, businesses can navigate the dynamic environment and flourish.</p><p>Remember, making swift decisions, expanding knowledge, and embracing change are essential for long-term success in today&#8217;s ever-changing business landscape.</p>								</div>
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									<p>For a free, no-obligation consultation, contact Assia by booking a time convenient for you at <a href="calendly.com/assia1/5-steps">calendly.com/assia1/5-steps</a>.</p><p>Set aside just 55 minutes and discover how a 5-Step Recession Proof Action Plan for Sales &amp; Marketing can work for your business to go beyond survival into the stability of predictable B2B sales.</p>								</div>
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		<p>The post <a href="https://smarketinglab.co.nz/waiting-to-see-what-happens-in-an-election-year-is-lousy-business/">Waiting to &#8216;see what happens&#8217; in an election year is lousy business</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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		<title>Find Time for B2B Marketing When Business is Booming</title>
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		<dc:creator><![CDATA[Assia Salikhova]]></dc:creator>
		<pubDate>Mon, 10 Oct 2022 02:53:36 +0000</pubDate>
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					<description><![CDATA[<p>LinkedIn for Business Your Ultimate Guide to B2B Marketing When Business is...</p>
<p>The post <a href="https://smarketinglab.co.nz/guide-to-b2b-marketing/">Find Time for B2B Marketing When Business is Booming</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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            LinkedIn for Business        </div>

        
    
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                Your Ultimate Guide to B2B Marketing When Business is Booming                    </h3>

    
    
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									<p><a href="https://smarketinglab.co.nz/what/framework/repetitive-connections/linkedin-for-business/linkedin-profile/linkedin-quiz/">Take a Quiz</a> to Assess Your LinkedIn</p>								</div>
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									<p>This article is the ultimate guide to B2B marketing for businesses that are doing great right now and have no time or headspace to think about it. First, because they are busy and second because even though their sales cycle is months or years, they assume that when needed, marketing will bring a flood of business to their doorstep.</p><p>Business is booming. You have orders coming out of your ears. Your team can barely keep up with the production, or delivery of services. You even have a waitlist for your waitlist. And you struggle to hire more staff to help with delivery.</p><p>This is an envious position to be in, and there are many businesses that end up in it for one reason or another. If this is a result of your efforts in sales and marketing – I salute you. You probably have good systems in place to keep it up long-term.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Read on anyway for a sanity check.</h3>				</div>
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									<p>This article is really aimed at those businesses who have ended up too busy but weren’t in control of this happening. Basically, this means some external event has caused demand to surge. It could be that a competitor shut their doors, there is a tight supply, the government did something, or maybe a pandemic happened. Whatever the case, you’ve slowly or suddenly ended up being at capacity.</p><p>Typically, when we speak to businesses like this, they aren’t prepared to do any marketing. And why would they? Business is BOOMING! Your head is busy delivering. There is no time to work on the business. This is a common thought process; however, it can be detrimental.</p><p>The reality is that sooner or later the gravy train will end, and it’s important to have a solid foundation on which to bounce back. While times are good, you have a bit of extra profit, and you need to invest some of this in your future success.</p><p>This is your ultimate guide to B2B marketing when times are good.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Tidy up Your Brand Story &amp; Messaging</h2>				</div>
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									<p>This can be a really boring job, but it is good to have done. Luckily for you, once it’s complete it often doesn’t need to be touched for a long time.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Brand Story</h3>				</div>
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									<p>Studies have found that the likeability of your brand is one of the key drivers in every purchasing decision. This shouldn’t come as a surprise, since as a consumer yourself, there must be brands you like and identify with yourself. While there are many ways to make your company ‘likeable’, a good story about yourself or your brand is one of the most distinctive and memorable methods.</p><p>Even though B2B is a business-orientated transaction, the decisions are made by people. People identify brands as likable or not mostly on a subconscious level. This is a process we can’t stop, but we can positively influence it by sharing a better brand story.</p><p>When business is going well and your company has been established for a while, this is the perfect time to reinvigorate your story or create it from scratch. This will support your future success and help make your message very clear.</p><p>By the way, if you think a brand story is only important for your sales and marketing, think again. Today brand stories are equally important in order to attract talent. Many people, especially younger people, want to work for a company that has values aligned with their own. A brand story is one of the ways to share your company values with the world in order to attract future customers and talent to you.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Brand Messaging</h3>				</div>
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									<p>Once you’ve nailed down your branding and story, it’s important to become consistent across all media.</p><p>This starts with creating brand guidelines. It can be as simple as a piece of paper where you have your logo, your brand fonts, your brand colours, and any additional guidelines. More complex versions offer different logo versions depending on the background colour, brand voice guidelines, social media guidelines, and design standards for future graphics.</p><p>Once your brand guidelines are decided upon, it’s time to review your current media to ensure it’s all aligned. This is where the process can get difficult. Especially if you have produced many print materials over the years that are a mismatch of colours and designs.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">We recommend starting with the simple things:</h3>				</div>
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									<ul><li>Your Website</li><li>Your Signature</li><li>Any Digital Assets</li><li>Your Social Media</li><li>Your Business Cards</li></ul><p>Print materials that are close to running out can be done next. Any older print materials should be reviewed, if they’re not too far off the current branding then they can be kept. If they’re really way off or the content has become outdated, it’s time to recycle these.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Clean Up Your Website &amp; Its Messaging</h2>				</div>
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									<p>You should think of your website as your online sales rep. It should be able to present your business in a professional manner, answer any and all questions, educate your potential customers, and provide reasons to work with you.</p><p>Given all that, does your website currently do this? Most websites can be improved. It’s become quite easy to build a professional-looking website. What hasn’t changed, is the difficulty in creating good quality content.</p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">When we say content, we mean all the images, texts and videos on your site. Here are the steps we recommend doing to ensure your website is up to scratch:</h5>				</div>
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									<ul><li>Check you’re happy with the design</li><li>Go through every page and note down what needs to be changed or updated<ul><li>Implement these over time</li></ul></li><li>Go through with a fresh pair of eyes, imagine yourself as a prospect. Try to understand what is missing<ul><li>Make a plan of attack to address any issues</li></ul></li><li>Review your blog<ul><li>Often over time our views change, and we get better at explaining things. Now is a good time to review what you wrote in the past and make tweaks to this content.</li></ul></li><li>Come up with new topics for blog posts<ul><li>Create an achievable goal for yourself to write them. One a month is already a good start</li></ul></li><li>Investigate your competition<ul><li>Check out their websites, see what they’re doing and try to make sure you’re at least as good if not better than they are</li></ul></li></ul>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Work On Your On-Page SEO</h2>				</div>
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									<p>One thing we find businesses are often lacking is their On-Page SEO. You probably don’t even have a clue what this means. That’s OK.</p><p>In simple terms, SEO can be split into two sections: On-Page and Off-Page SEO.</p><p>Off-Page means anything that doesn’t happen on your website. This primarily means building backlinks. A backlink is a link to your website on another website. Google bots read these links from other websites and use algorithms to assign a score to your website.</p><p>A higher score = easier to rank high on organic search. Historically more backlinks = higher score. Without getting into complex details, this is no longer the silver bullet it once was. Most SEO companies focus on this type of SEO.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">On-page SEO is everything that happens on your website. </h3>				</div>
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									<p>In some respects, you have a LOT of control over this. It can be a somewhat complex subject. In short, there are certain things you can do on a page that help guide Google bots and help them understand the information on the website.</p><p>Using this information and analysing your content, they come up with a conclusion as to how relevant your website is. Then based on this they determine where to position your website when someone searches on Google.</p><p>While this is a more technical job and we recommend enlisting help for it, there are good free resources. If you have the time then this is something that can be done yourself.</p>								</div>
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									<ul><li><a href="https://app.neilpatel.com/en/dashboard">Ubersuggest</a> – a great tool that has free and paid versions to analyse your site and identify issues</li><li><a href="https://app.neilpatel.com/">Neil Patel</a> – same people as above, Neil goes over every aspect of SEO</li><li><a href="https://yoast.com/wordpress/plugins/seo/">Yoast SEO</a> – for WordPress websites this is the best free tool to analyse how good your on-page SEO is</li><li><a href="https://surferseo.com/">SurferSEO</a> – a great paid tool to optimise your blog posts with correct keywords</li><li>Google Keyword Research Tool – lets you see what people are searching for, and optimise for these keywords</li></ul>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Set Yourself or Your Company Up as an Expert</h2>				</div>
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									<p>Isn’t it great when people come to you for help? When it comes to business, it can really cut down the sales cycle. The prospect already knows you as an expert, trusts what you say, and likely has an idea of what you can do for them. How do you achieve this?</p><p>The short answer is LinkedIn. While for some LinkedIn is a battlefield for the next job offer, for business owners it’s a way to establish themselves and their companies as experts.</p><p>This doesn’t mean you need to become a public figure, far from it. It means engaging with your prospects, sharing your advice, sharing helpful articles, engaging with their posts, and overall building connections. You can think of it as a non-stop networking event.</p><p>Just act like you would at a networking function. When you connect with someone, try to ask some questions about what they do. Share some insights if relevant. Stay in touch over time and build a relationship.</p><p>When posting, think about what value your company has that can be shared. What is something that is truly useful? Better yet if you can share an article that you wrote. A pro tip is to break down an article into small chunks that can be re-purposed as posts.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Automate Engagement With Past and Future Customers</h2>				</div>
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									<p>You’ve likely heard of the old adage that you must keep in touch with each customer every 3 months in order to maintain the relationship. Who has time for that these days? Nobody. What’s worse is that recent studies show you have to stay in touch even more often due to how busy everyone tends to be.</p><p>Well, the good news is that what passes as a touchpoint is a lot more achievable than in the past. Expensive old-school media has been replaced with targeted online ads, free posts on LinkedIn, and email. The best bit is that part of this can be automated.</p><p>We suggest that a regular newsletter is a great start to connecting with your clients, educating them on everything you offer, and generally building top-of-the-mind awareness. This last bit is vital for your business to survive, and even when they don’t open your emails, they likely see them. Just this is enough to jog their memory and start to build top-of-the-mind awareness.</p><p>A newsletter doesn’t need to be long and boring, it doesn’t need to have 35 of your top-selling products, you don’t need to write down your life story, or what you had for breakfast, and it doesn’t need to be sent every day. </p>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">We’re big fans of short and simple newsletters that aim to do three things:</h5>				</div>
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									<ol><li>Remind about the benefits of working with you</li><li>Educate on a set of products or a service you offer</li><li>Introduce the faces behind the business</li></ol><p>These three simple actions will set you up for success in the future. They may seem too simple, but there is beauty in simplicity. Educating your customers is a hot topic at the moment. Email is a great way to do so semi-automatically.</p><p>The reality is a lot of your customers most likely don’t know about everything you do. Frankly, it’s a pompous assumption that they ever would. They are busy professionals and don’t have the time to study your business and catalogue every product and service you offer. Drip-feeding them information about different services and products is a low-effort way to educate them. Will this result in immediate sales? For some companies – YES. But for others, it will plant a seed for the future.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Create Sales Processes &amp; Build a Funnel</h2>				</div>
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									<p>Most businesses we’ve worked with don’t have a formalised sales process. In fact, they often don’t even have a sales process in their heads. If you start talking to them they have some long-winded story of how they got their start, how they slowly built up a client base, and how they’re now a success. Very few companies can point out and say exactly how they can acquire a new customer. Even fewer can give numbers to back this up.</p><p>While business is booming, it’s a great time to formalise your sales process. When the gravy train finally stops, you’ll have a set of processes you can follow that in theory will produce new sales. How great does that sound? Of course, nothing is as simple as it sounds.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">There are two types of sales processes you can have – inbound and outbound.</h3>				</div>
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					<h5 class="elementor-heading-title elementor-size-default">Inbound</h5>				</div>
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									<p>You can think of this as a pull approach. The goal is to help customers find you, educate them, get them to enquire and then close.</p><p>A lot of content marketing is focused on this approach.</p><ol><li>Generate demand/traffic</li><li>Communicate benefits/educate</li><li>Proposal stage</li><li>Follow up</li><li>Close</li><li>Customer Care</li></ol>								</div>
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					<h5 class="elementor-heading-title elementor-size-default">Outbound</h5>				</div>
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									<p>This is a push strategy, you go out into the world and connect with customers directly, then pitch, follow up and close.</p><p>Content marketing still has its place in outbound, although it is limited.</p><ol><li>Identify your target market</li><li>Prepare your approach</li><li>Approach</li><li>Proposal/Presentation</li><li>Follow Up</li><li>Close</li><li>Customer Care</li></ol><p>These are the most basic forms of the sales process you can have. Of course, you can add as many additional steps as required. But even starting with either type of sales process and implementing it all the way through will set you up for success.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Where to from here?</h2>				</div>
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									<p>Now that you have recognised the need to continue to invest in marketing when times are going well for your business, it’s time for action.</p><p>First of all, we are running a webinar that goes into more detail on everything covered here in this article. It will arm you with actionable steps you can take.</p><p>The good news is – you don’t have to do it alone, because professional help with expertise in your industry is here and ready to help.</p><p>Secondly, book a 4R Blitz session for personalised advice. I’m running these 45-minute sessions personally and together we’ll discuss where you are, where you want to get to, and how to achieve this.</p><p>Finally, everything discussed in this article is something we have successfully implemented for a client or ourselves. So, if your business is booming, and you simply don’t have time to do it yourself, reach out. My number is 027 231 8631 or email me at <a href="mailto:assia@smarketinglab.co.nz">assia@smarketinglab.co.nz</a></p>								</div>
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									<h2>Assia Salikhova</h2>
<h3>Smarketing Lab Co-Creator,
developer of profitable B2B solutions to grow your business.</h3>
<a href="mailto:assia@smarketinglab.co.nz">assia@smarketinglab.co.nz</a>

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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-keywords/">
						LinkedIn Keywords					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-open-profile/">
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="LinkedIn Meaning" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-meaning/">
						LinkedIn Meaning					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-username/">
						LinkedIn Username					</a>
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			</div>
										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Verification-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-verification/">
						LinkedIn Verification					</a>
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			</div>
										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-contact/">
						LinkedIn Contact					</a>
				</h4>
			</div>
										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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				<h4 class="title">
										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-private-mode/">
						LinkedIn Private Mode					</a>
				</h4>
			</div>
										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
									</div>
								</div>
	</figure>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-api/">
						LinkedIn API					</a>
				</h4>
			</div>
										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
									</div>
								</div>
	</figure>
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		<p>The post <a href="https://smarketinglab.co.nz/guide-to-b2b-marketing/">Find Time for B2B Marketing When Business is Booming</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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		<title>Why Does Business Growth Not Happen on Demand?</title>
		<link>https://smarketinglab.co.nz/why-business-growth-does-not-happen-on-demand/</link>
					<comments>https://smarketinglab.co.nz/why-business-growth-does-not-happen-on-demand/#respond</comments>
		
		<dc:creator><![CDATA[Assia Salikhova]]></dc:creator>
		<pubDate>Mon, 10 Oct 2022 02:32:47 +0000</pubDate>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[Strategy]]></category>
		<guid isPermaLink="false">https://smarketinglab.co.nz/?p=219764</guid>

					<description><![CDATA[<p>LinkedIn for Business Why Does Business Growth Not Happen On Demand? Take...</p>
<p>The post <a href="https://smarketinglab.co.nz/why-business-growth-does-not-happen-on-demand/">Why Does Business Growth Not Happen on Demand?</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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            LinkedIn for Business        </div>

        
    
    <h3 class="title">
                Why Does Business Growth Not Happen On Demand?                    </h3>

    
    
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									<p><a href="https://smarketinglab.co.nz/what/framework/repetitive-connections/linkedin-for-business/linkedin-profile/linkedin-quiz/">Take a Quiz</a> to Assess Your LinkedIn</p>								</div>
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									<p>We’ve been in the business of helping companies grow for a long time now. And anecdotally, I’d say 7 out of 10 businesses don’t pursue growth. They’re pretty ok with what they have, and maybe add a minimal number of new accounts a year.</p><p>Often what happens when these types of businesses want growth, is they need it immediately due to some outside shock.</p><p>This happens with good businesses that have usually had a combination of an established client list and ongoing word of mouth. This formed their main sales and marketing for years. Investment in anything else was simply not needed.</p><p>Then one day something outside of their control happens. A key customer goes under or moves their business to a competitor, or a few mid-sized customers. This creates a gap in sales that is impossible to fill at short notice.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Why?</h2>				</div>
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									<p>Because investing in sales and marketing has not been a priority for many years. Creating this from scratch, and then going to market to close new accounts takes time. Especially for large contracts where the sales cycle can be 6 months or more.</p><p>Imagine suddenly that your website is out of date, you have no sales presentation, you don’t really have a current idea of your target market, there are no digital or printed materials, no formalised benefits, and no sales staff.</p><p>This is a situation we see businesses fall into quite often due to external factors. Step one is recognising you might have under-invested in sales and marketing. Step two is understanding how to manage this risk.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Four ways to grow revenue and profit:</h2>				</div>
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									<h3>Growing your business is a fickle thing.</h3><p>You want it, it’s hard to achieve, and even harder to maintain. Sustainable growth is the dream of many: a reasonable % increase year on year.</p><p>When we talk about growing your business we mean to increase either revenue or profit.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">There are four general ways to achieve this:</h3>				</div>
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									<ol><li>Sell More to Existing Customers</li><li>Open New Accounts</li><li>Increase Margins</li><li>Mergers &amp; Acquisitions</li></ol><p>I can’t tell you much about how to increase margins or what mergers could be a good idea in a short article. What I can do is discuss the first two ways of growing your business.</p><p>These tips can be implemented in most B2B businesses.</p><p>No matter your industry, no matter your target market, and no matter if you sell products or services.</p>								</div>
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									<p>Did you know it’s 7 times cheaper to sell to an existing customer than it is to a new prospect?</p><p>This should be common knowledge by now. Yet time and again business owners forget this simple truth. I’ve even been guilty of this, so I speak from experience.</p><p>Why do business owners forget this simple truth?</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">They already know everything we do and will reach out when they need us</h3>				</div>
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									<p>Sometimes we think our customers already know what we do and there’s no need to reach out. They know what we do so why bother educating them or seeing what they’re doing?</p><p>Let me challenge you, how many times have you heard that a customer went to someone else to buy something you offer? I bet it’s happened more than a handful of times, am I right?</p><p>If you question them why they didn’t come to you, they’ll often say “Well, I didn’t even know you did that!”. Usually followed up by “Of course next time I’ll come to you.”. If we rule out that they’re unhappy with your services, then the logical conclusion is they are telling the truth.</p><p>They genuinely didn’t know you could offer them what they needed. Or they don’t trust you can do it well.</p><p>I can’t tell you how many times this has happened with our customers. I’m sure it’s the same for you.</p><p>Research shows that since 2019 over <a href="https://www.bigcommerce.com/blog/online-shopping-statistics/">60%</a> of purchasing managers (as many as 70% in 2021) prefer to learn about solutions by exploring the internet and be well prepared before seeing a sales professional.</p><p>Our take on this is that we all are pretty guilty of not sharing more knowledge. All of us can do more to educate and develop trust in our solutions and products. You can think of this as positioning your company.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">They’ve already bought everything under the sun from us!</h3>				</div>
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									<p>Other times we think they’ve already bought everything they could from us, there’s no way they need anything further! This happens a lot with companies that sell large pieces of equipment that don’t need to be replaced for a while. Say the replacement period is once every 30 years.</p><p>Why bother reaching out at all for those 30 years?</p><p>Again, I challenge you – most of these companies offer service contracts. Yet not all of their clients take them up on it straight away. It could be a financial thing, or just not important in the moment. Somewhere down the line though, servicing becomes crucial to ensure the longevity of this equipment, so why not keep reaching out?</p><p> </p><p>Additionally, few companies operate a single piece of machinery.</p><p>There are bound to be further sales opportunities by reaching out.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">We’re not sure if they’re happy, so best not to rock the boat</h3>				</div>
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									<p>Finally, sometimes we’re not sure the client is happy.</p><p>Especially in the case of monthly services, when there isn’t much feedback happening, it’s easy to start thinking what ifs. A very common one becomes, what if they’re not happy with us for XYZ reason?</p><p>So, months go by, and this what-if starts giving you real anxiety every time you think of checking in on them.</p><p>9 times out of 10, the client is perfectly happy. They’re chugging along using your products or services. Hey, they might even be thinking about reaching out from time to time. For any regular deals like this, there are always things you can upsell or cross-sell. It could be an extra feature on software, it could be additional products that need to be delivered monthly.</p><p>For that 1 time, isn’t it good to solve your customers’ problem? Who cares that they’re unhappy?</p><p>They’re not unhappy with you personally, they’re just unhappy with what they’re getting from your business. The great thing is it’s almost always an easy fix.</p><p>Maybe they didn’t understand something.</p><p>Maybe they feel embarrassed to ask for help.</p><p>Whatever the case, reaching out is never a bad thing.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">So how can you actually sell more to existing clients?</h3>				</div>
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									<p>The solution is simple really, reach out.</p><p>Aim to speak with every client once every 3 months.</p><p>This doesn’t need to be a hardcore sales call. It’s checking in, chatting about their business, connecting with them, understanding their goals, and seeing if you can offer them anything new.</p><p>When it comes to something new in your company, it’s a good idea to call as well. Wouldn’t they want to know you now offer XYZ?</p><p>It could be a lifesaver for them!</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">What about time-poor individuals?</h3>				</div>
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									<p>Automated email follow-ups are your friend in this case. A simple email that is sent every month or two that checks in on them, and maybe shares an article you’ve written.</p><p>The technology is commonplace, the content can be written to be very conversational.</p><p>There really is no reason to not do this. If you feel uncomfortable, you can always set these emails up as a template. However, I guarantee you won’t stick to every 1-2 months for each client.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">What else can be done?</h2>				</div>
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									<p>The other thing you can do when it comes to growing your business is to educate your customers about what you offer and build top-of-the-mind awareness. We have a trick that does both in one: automated newsletters.</p><p>A simple fortnightly email that goes over some benefits, highlights a service or group of products and introduces a team member. That’s as simple as this can be, super gentle, not smarmy, and effective.</p><p>The beauty of an email is that it doesn’t need to be opened for it to register in the minds of your customers. Just seeing your company name is the little nudge that will help jog their memory and start to build top-of-the-mind awareness over time.</p><p>So, when they think of your industry, they think of you.</p><h3><a href="http://calendly.com/assia1">If you&#8217;re ready to have a chat, book a 30-minute consultation, and let&#8217;s explore how this duo can be remarkable for growing your business.</a></h3>								</div>
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									<h2>Assia Salikhova</h2><h3>Smarketing Lab Co-Creator,<br />developer of profitable B2B solutions in growing your business.</h3><p><a href="mailto:assia@smarketinglab.co.nz">assia@smarketinglab.co.nz</a></p><p>Ready for the next step?<br /><a href="/linkedin-for-business/">Learn about LinkedIn from Business Services from Smarketing Lab</a></p><p>Find out how well your LinkedIn profile stands by <a href="/linkedin-quiz/">taking a special Quiz</a> to discover how your profile on LinkedIn stacks up vs industry standards. Then ask for help when needed. Because the #teamtalent at Smarketing Lab is on standby ready to help you gain the full benefit from LinkedIn for your business. <a href="/linkedin-profile/">Learn More</a></p>								</div>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Meaning-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="LinkedIn Meaning" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-meaning/">
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/11/FAQ-Linkedin-Username-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-username/">
						LinkedIn Username					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-verification/">
						LinkedIn Verification					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Contact-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-contact/">
						LinkedIn Contact					</a>
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			</div>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Private-Mode-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-private-mode/">
						LinkedIn Private Mode					</a>
				</h4>
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										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-API-1-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-api/">
						LinkedIn API					</a>
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			</div>
										<div class="category-holder -with-tag">
					
											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
									</div>
								</div>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Inmail-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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		<p>The post <a href="https://smarketinglab.co.nz/why-business-growth-does-not-happen-on-demand/">Why Does Business Growth Not Happen on Demand?</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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		<title>13 Myths When Hiring Salespeople: Debunked</title>
		<link>https://smarketinglab.co.nz/hiring-salespeople/</link>
					<comments>https://smarketinglab.co.nz/hiring-salespeople/#respond</comments>
		
		<dc:creator><![CDATA[Assia Salikhova]]></dc:creator>
		<pubDate>Fri, 07 Oct 2022 09:48:58 +0000</pubDate>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[Strategy]]></category>
		<guid isPermaLink="false">https://smarketinglab.co.nz/?p=219745</guid>

					<description><![CDATA[<p>13 Common Myths About Hiring Salespeople: Debunked Many businesses will at one...</p>
<p>The post <a href="https://smarketinglab.co.nz/hiring-salespeople/">13 Myths When Hiring Salespeople: Debunked</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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										<content:encoded><![CDATA[		<div data-elementor-type="wp-post" data-elementor-id="219745" class="elementor elementor-219745">
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					<h1 class="elementor-heading-title elementor-size-default">13 Common Myths About Hiring Salespeople: Debunked</h1>				</div>
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									<p>Many businesses will at one point or another decide that it’s time to get serious about growing sales. A natural conclusion is to hire a salesperson. Unfortunately, this is rarely the silver bullet that saves the day. Most of the time it’s easy to blame the hired salesperson for failing to generate results. However, the real cause is more often than not to do with misconceptions the business owner has about hiring salespeople.</p><p>After 25+ years in business, I’ve witnessed many situations when sales professionals weren’t as productive as they could be.</p><p>Based on my team’s experience across almost every B2B industry possible, I’ve compiled 13 common myths that people hold about salespeople. The purpose of this article is to debunk these myths so that you can achieve better results.</p><p>You will discover that the true key to success has nothing to do with the salesperson and everything to do with you and your business. This is great news because it means you can be in control of the outcome. Hiring salespeople doesn’t need to be left to luck.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Myth 1: A Salesperson Can Save Your Business</h2>				</div>
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									<p>Hiring salespeople is about growing sales and oftentimes, business owners think about growing sales when things aren’t going that well. Meaning they need to increase sales ASAP.</p><p>There are also situations when business is going well and you want to grow sales. A new salesperson seems to be the logical way of achieving this.</p><p>Either way, this myth is about having great expectations when hiring a salesperson.</p><p>While I don’t want anyone to think that a new salesperson doesn’t bring hope of new sales, in many cases it remains just that – hope.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Why? </h3>				</div>
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									<p>A new salesperson usually cannot save or better your business, especially in the short term for these five reasons:</p><ol><li>They need time to learn more about your business, product or service before they can be articulate and convincing enough to sell. If you need sales fast this factor is especially relevant because nothing will ever be fast enough. There seem to be some solutions – see Myths 3 &amp; 4, 9. The reality is if your business is prepared (see the end of this article for practical ideas) then this time can be considerably shortened.</li><li>They need material to learn about your business, products or services. If you do not have much written and everything is in your head, you will have to invest a lot of time and energy to train and do knowledge transfer.</li><li>They need a sales process to follow and often times there is no written proven sales process, so they need to come up with one and test it. Knowing how to do this is a skill not everyone possesses, and testing takes time. See Myth 6 to learn more.</li><li>They need leads; if you don’t have enough leads, extra time is spent generating leads. See Myths 5 &amp; 7 to discover some truths about this.</li><li>When you are in B2B, your sales cycle could be weeks or months. That immediately translates into needing more time before results may occur. All this time costs money.</li></ol><p>The bottom line is that a salesperson can become a real asset for every business. As long as the business is prepared. <a href="https://sales-ready.smarketinglab.co.nz/">Watch this short 17-minute video before hiring salespeople</a></p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Myth 2: Salespeople Have Special Sales Skills</h2>				</div>
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									<p>I’m not denying the importance of skill in sales. Instead, I want to emphasize that there&#8217;s no special mythical skill guaranteeing results. I haven&#8217;t seen any salesperson possessing such a skill. Success in sales is often a result of the environment.</p><p>The employer&#8217;s support, including sales tools, processes, and documentation, plays a crucial role. These elements contribute to success factors that empower the salesperson. Unfortunately, salespeople often struggle to identify these success factors. Consequently, they can&#8217;t replicate them in your business. It&#8217;s your responsibility as the owner to recognize and implement these success factors</p>								</div>
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									<p>That is why when a new salesperson gets hired into a company with no history of employing salespeople they:</p><ul><li>Receive no support</li><li>Have no documentation</li><li>No process to follow</li><li>And no one knows the success factors.</li></ul><p>No wonder they either fail or take months longer to succeed!</p><p>Note, that sales skills, though not mystical, do exist and are needed. They can be taught, or even self-learned. An astounding number of salespeople do NOT invest in their education unless it’s paid for by an employer.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Myth 3: Hiring Salespeople From Your Industry Guarantees Success</h2>				</div>
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									<p>On paper, this logical conclusion seems reasonable: transplant a salesperson from your competition, and they should be able to produce results. However, in reality, this is very rarely the case. Several reasons contribute to this.</p><p>Firstly, their contacts are unlikely to jump ship with them. While an established relationship exists, it’s usually insufficient to convince a client to move. The same holds for any prospects they’ve been working on.</p><p>Secondly, the support and sales tools your company has are unlikely to mirror those of your competition. This means that the success factors that made them successful with your competitors may not exist in your company. Since most salespeople cannot identify their own success factors, they’re unlikely to know how to recreate them.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Myth 4: Any Salesperson Outside of Your Industry Will Take Years to Upskill</h2>				</div>
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									<p>Counter to the previous myth is this one. There is some truth to this. Salespeople from totally opposite industries may struggle. But salespeople from similar industries, similar sales processes, similar sales cycles, or similar success factors are transferrable. In fact, they can often be a better pick than those from your industry.</p><p>What you really need to have in place, is a good sales process and a good understanding of the benefits of your products. Essentially, if you know how to sell your product or service, most salespeople should be able to pick this up. Technical details and facts can be learned over time, or referenced from a brochure.</p><p>You can think about this like maths. You have the formulae and then you have the application of it. In the past, we used to memorise the formula. Today, kids are taught the formula and how to apply it. It’s often given to them during exams so that you’re testing the application, not rote memorisation. The same applies to salespeople, features of your product can be memorised over time. But understanding the benefits is so much more important, and usually easier to remember.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Myth 5: Any Salesperson Can Generate Leads</h2>				</div>
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									<p>Really? International research shows that salespeople spend an average of 2 hours a day identifying leads. This is before they start approaching them. So I suppose there is some truth to this. The question is if you want to pay for these 2 hours.</p><p>Business owners often hire a salesperson in a situation where they don’t really have a source of leads. Sure, maybe some come organically from referrals or google search enquiries. But this often isn’t enough to occupy 40 hours a week. As business owners, we often think what’s the big deal? A salesperson is an expert in sales, so therefore they should know how to generate leads.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Well, there are two big issues here:</h3>				</div>
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									<ol><li>We don’t tend to budget for any additional expenses like buying a list of prospects, paying for LinkedIn Premium, running ads etc.</li><li>Salespeople often don’t actually know how to efficiently and effectively generate leads themselves.</li></ol><p>The first issue is fairly easy to solve – set aside at minimum an additional 5-10k annually for any sales-related expenses. Ideally, give this to the salesperson as a budget so they can go off and be independent of asking you to approve every little expense. Be firm in putting boundaries to ensure they don’t go over budget.</p><p>The second is trickier to resolve and hits at the heart of why you can’t just hire a salesperson and expect them to make sales. A lot of successful salespeople have a source of leads coming to them at all times. These leads are generated through processes that have already been established and tested by the company.</p><p>So, when hiring salespeople, if you do not have this source of leads already established, then you’re in trouble. Most salespeople will not have been part of the process of setting up these lead generation processes. So, it’s not their fault that they have no clue how to replicaten them.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Some salespeople can generate leads. </h3>				</div>
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									<p>However even in these cases, what likely happened is that their previous company has processes in place to explain exactly how to do this. They maybe had a list of prospects that the salesperson could call or email. They may have had processes explaining how to approach people on LinkedIn. Or any other of a hundred ways to generate leads.</p><p>In short, most salespeople do not have an innate ability to generate enough leads by themselves. They are used to being given some form of support in this area. And if your company is not prepared to do this, your new hire may struggle. Or worse, they’ll waste a lot of time every day looking for leads. I’m not really sure what’s worse!</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Myth 6: A Salesperson Can Create a Sales Process</h2>				</div>
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									<p>Another popular myth is that a salesperson can come in and easily create a sales process for the company. However, this is not often the case. Most salespeople have never created a sales process before. So expecting someone with no prior experience to create a working sales process is a bit of a pipe dream. Especially if you expect them to do so with no extra budget, and continue selling at the same time.</p><p>In short, if a salesperson was successful at their previous job, it’s likely because the surroundings set them up for success. I’m not suggesting they did nothing to achieve success. They would have diligently utilised the resources available to them. I’m suggesting they are not always capable of developing these resources from scratch.</p><p>To top this off, if you have a sales process that is vastly different from the sales process they are used to, you could have trouble. They may fundamentally disagree or genuinely not understand your sales process. In the end, they’ll either consciously or subconsciously sabotage it, resulting in no benefit to your business.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Myth 7: A Salesperson Knows the Market and Has a List of Prospects in Mind</h2>				</div>
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									<p>Sadly NO.</p><p>A salesperson is not a walking directory. We should stop expecting them to come with a Rolodex of prospects ready to buy. Yes, they should have some connections. But this will never be enough to sustain them for long.</p><p>What’s worse is when salespeople start to approach these connections. They often find that while the connection may be warm, they’re never ready to buy. This is backed up by newer studies done about sales. Recent studies have found that relationships are not enough to win sales. It’s become more around what ideas you can bring to the table, things that challenge a prospect’s way of thinking. Then follow this with a solution to this previously unknown challenge.</p><p>As a business, you need to be ready to arm your salespeople with lists of your target market. Whether these be warm, cold, or hot, who cares. It’s always cheaper to give a list than have someone wasting time googling or looking up random prospects on LinkedIn.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Myth 8: A Salesperson Knows What to do to Succeed in Your Business</h2>				</div>
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									<p>Salespeople that are new to your business will have no idea where to focus unless you tell them. This seems like a simple enough idea, yet it’s not always followed through. What I mean by this is they have no clue what your margins are, what’s in stock, or what capacity exists. You need to decide all of this and tell them.</p><p>In addition to this, salespeople will not know the benefits of your products the way you do. After you’ve picked out what they should focus on, you must give them the benefits. Please do not leave them to figure it out yourself, this is such a waste of time.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Myth 9: A Salesperson Knows How to Grow Your Business</h2>				</div>
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									<p>Why? It’s YOUR business.</p><p>No matter how experienced a salesperson is, they’re not likely to know how to grow your business. Because they are not the business owner, and never will be.</p><p>Think about it. Your business has a lot of moving parts to it:</p><ul><li>You as a business owner know the market, its needs and challenges.</li><li>You were instrumental in developing or choosing the products and services to respond to market needs and wants.</li><li>You have zero or incomplete records of the above.</li><li>You keep many important elements in your head.</li><li>You are a bit cautious to share so as to not grow a future competitor.</li></ul><p>How can an outsider to your business, get into your head to know it all? Even if they’re a close friend, a former employee, or even your spouse, they’re not a mind reader.</p><p>Sure, a fresh look at your business may be valuable. But only if the salesperson knows how to do it because this is not a common skill.</p><p>The bottom line is that the vast majority of salespeople are not able to correctly determine the pathway to grow your business. This is something you need to show them.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Myth 10: Salespeople Can Set Up and Use Technology for Sales</h2>				</div>
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									<p>We all are probably somewhat aware of salespeople’s distaste for CRMs. Not all salespeople of course, but definitely the majority don’t enjoy doing activities that they can’t directly tie down to a sale. Using a CRM is often lumped into these low-level activities.</p><p>It should therefore not be a surprise that a salesperson cannot set up a CRM. If they don’t like using one, then of course they’re not the right people to set one up.</p><p>Apart from a CRM, there are many additional tools you may want to use for sales enablement. As a rule of thumb, none of these can be properly implemented by your average salesperson.</p><p>Besides, do you really want a salesperson to spend their time on IT implementation? Trying to figure out how to make your systems similar to the competitor they worked for instead of making sales? Consider that the same systems probably won’t work for your business.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Myth 11: A Sales Manager Will Make a Good Salesperson</h2>				</div>
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									<p>You might be looking for a salesperson and come across a sales manager with decades of experience. They led a team at their last company and are looking for the next challenge. It seems like a perfect match! You might even wonder why they’d want to work for you. Of course, they ask for more money, and you believe them to be worth the extra expense due to their seniority.</p><p>All of this is wrong.</p><p>A sales manager is usually not an amazing salesperson. That’s why they were promoted to manager in the first place because they have the skills to manage. They are likely decent at sales, and know a thing or two about opening opportunities, following them up, and closing.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Here’s the catch though: </h3>				</div>
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									<p>They are a senior candidate and will have a difficult time transitioning to a junior role. The days when they were younger, hungrier and more mobile are long gone.</p><p>Sales managers are used to leading a team and not really having to do much grunt work. Depending on the company they’re also used to having perks like a car. So, when you hire a sales manager, they’ll seem amazing on paper. But once they have to go out and start prospecting from the ground up, they will quickly falter.</p><p>To add to this, they’re likely not savvy when it comes to modern technology. Sure, they will have a reasonable grasp of it, but chances are they’ll struggle. Zoom meetings will be a pain for them, they’d rather have lunch or coffee with a prospect. They’re used to having people do things for them, and without this added layer of support, it becomes a nightmare to close.</p><p>In short, hiring an ex-sales manager into a salesperson position is almost always a recipe for disaster. Even in the cases of high-level sales, there will be better candidates. </p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Myth 12: A Salesperson Can be Left Mostly Alone to Work</h2>				</div>
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									<p>You wouldn’t tell your hairdresser how to cut your hair, so why tell your salespeople how to do their jobs? Leave them alone, it’ll be fine, right? Wrong.</p><p>Allowing salespeople to operate independently leads to failure. It takes a very special salesperson to be able to succeed on their own with no supervision or check-ins. Instead, opt for a semi-hands-on approach.</p><p>You want to strike the balance between micromanaging and being a submarine. A weekly sales one-on-one is a good start. This will give them the freedom to do their own thing during the week, and let you keep your finger on the pulse and troubleshoot anything that comes up. Setting goals and assigning low-level activities for them to complete is important. A weekly meeting is a chance to ensure these are being completed.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Myth 13: A Great Salesperson Will Make a Great Sales Manager</h2>				</div>
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									<p>These three reasons may help to understand it better:</p><ol><li>A very different skill set and personality traits are needed for a manager vs a salesperson.</li><li>You will lose a performing salesperson and the business will struggle to sustain the cost of hiring another person to replenish the vacancy.</li><li>There is lots of evidence this move does not work.</li></ol><p>Even though a Sales Manager needs to understand and is better to be good at sales the difference in the required skill set and level of leadership to perform this role properly is naturally prohibitive for many salespeople. That’s not a consideration but a fact researched and established over decades.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">What Can You Do?</h2>				</div>
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									<p>I bet these 13 myths correlate with many of your own “lessons learned”.</p><p>You may ask what’s next and what is the solution to a situation that many have to tolerate because it’s not clear what to do.</p><p>Summarising the combined and most painful experience in our business as well as 100s of businesses we worked with over the years, I feel quietly confident that we figured out the key piece of the puzzle, which has no relation to what people usually look at when they hire the first or the next salesperson.</p>								</div>
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									<ul><li>Recruitment (that comes later)</li><li>Sales training (that is needed later as well)</li><li>Your industry (because it works equally well for any industry)</li><li>Your country, language, culture</li><li>Quality of candidates (because it needs to be done regardless of this)</li><li>Technical knowledge required</li><li>Size of your sales team</li></ul><p>It has everything to do with how much your business is prepared for a salesperson.</p><p>It’s comprehensive, yet beautifully straightforward and every Sales Manager and Business Owner I presented it to has agreed this is what is needed. It’s designed to include the best of everything we know that works in sales today.</p><p>Now is the time for you to discover what this solution is and how it can work for you.</p>								</div>
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									<h2>Assia Salikhova</h2><h3>Smarketing Lab Co-Creator,<br />developer of profitable B2B solutions to grow your business.</h3><p><a href="mailto:assia@smarketinglab.co.nz">assia@smarketinglab.co.nz</a></p><p>Ready for the next step?<br /><a href="/linkedin-for-business/">Learn about LinkedIn from Business Services from Smarketing Lab</a></p><p>Find out how well your LinkedIn profile stands by <a href="/linkedin-quiz/">taking a special Quiz</a> to discover how your profile on LinkedIn stacks up vs industry standards. Then ask for help when needed. Because the #teamtalent at Smarketing Lab is on standby ready to help you gain the full benefit from LinkedIn for your business. <a href="/linkedin-profile/">Learn More</a></p>								</div>
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						LinkedIn Private Mode					</a>
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-inmail/">
						LinkedIn Inmail					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-contact-number/">
						LinkedIn Contact Number					</a>
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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							<img decoding="async" class="blog-archive-image" src="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Phone-Number.jpg" srcset="https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Phone-Number.jpg 1000w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Phone-Number-150x150.jpg 150w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Phone-Number-768x768.jpg 768w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Phone-Number-200x200.jpg 200w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Phone-Number-500x500.jpg 500w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Phone-Number-300x300.jpg 300w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Phone-Number-600x600.jpg 600w, https://smarketinglab.co.nz/wp-content/uploads/2023/10/FAQ-Linkedin-Phone-Number-100x100.jpg 100w" sizes="(max-width: 1000px) 100vw, 1000px" alt="" >
			
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										<a class="-unlink -undash" href="https://smarketinglab.co.nz/linkedin-phone-number/">
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											<a class="tag" rel="tag" href="https://smarketinglab.co.nz/category/repetitive-connections/linkedin-profile-faq/">LinkedIn Profile FAQ</a>
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		<p>The post <a href="https://smarketinglab.co.nz/hiring-salespeople/">13 Myths When Hiring Salespeople: Debunked</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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		<title>10 Important Messages Your Customers Want to Hear From You Right Now</title>
		<link>https://smarketinglab.co.nz/what-your-customers-want-to-hear-from-you/</link>
					<comments>https://smarketinglab.co.nz/what-your-customers-want-to-hear-from-you/#respond</comments>
		
		<dc:creator><![CDATA[Assia Salikhova]]></dc:creator>
		<pubDate>Mon, 18 Apr 2022 11:43:23 +0000</pubDate>
				<category><![CDATA[Email Marketing]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Relentless Follow Up]]></category>
		<guid isPermaLink="false">https://smarketinglab.co.nz/?p=219589</guid>

					<description><![CDATA[<p>LinkedIn Marketing 10 Things Your Customers Want to Hear From You Right...</p>
<p>The post <a href="https://smarketinglab.co.nz/what-your-customers-want-to-hear-from-you/">10 Important Messages Your Customers Want to Hear From You Right Now</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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            LinkedIn Marketing        </div>

        
    
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                10 Things Your Customers Want to Hear From You Right Now                    </h3>

    
    
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									<p><a href="https://smarketinglab.co.nz/what/framework/repetitive-connections/linkedin-for-business/linkedin-profile/linkedin-quiz/">Take a Quiz</a> to Assess Your LinkedIn</p>								</div>
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									<p>It’s easy for us all to assume that everything we know is common knowledge to all. And it’s definitely not.</p><p>Sometimes we learn this the hard way. Assuming everyone has the same knowledge leads to underperforming, a loss in sales and messy situations we could have avoided if only we had communicated clearly.</p><p>Coming out of such a crazy few years, companies are busily re-starting their operations, which is great for business!  </p><p>But what about the customer? It’s time to focus on your communication with them.</p><p>To make sure everyone knows what is going on with your business you need to deliver these 10 important messages to your current, past and possible future customers.</p>								</div>
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					<h4 class="elementor-heading-title elementor-size-default">1.     We are back and open for business…</h4>				</div>
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									<p>This is truly the most important message your customers want to hear and the world right now. There are countless conversations about businesses closing and people will be concerned having waited to see if you will be opening for business once more. Reassuring them that you will continue operating is step one.</p><p>This message is particularly important for companies in non-retail and non-hospitality sectors without a street-level business front that people can walk by and see the operational status.  </p><p>For all manufacturing, wholesale, professional services and trades it is of real essence to communicate you are open and ready to deliver. When committing to this communication you have to apply it to every platform your business is active and featured on to ensure a consistent message is being sent to your entire audience.</p>								</div>
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					<h4 class="elementor-heading-title elementor-size-default">2.    Our business hours are…</h4>				</div>
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									<p>Reminding customers of your business hours is always appreciated after a change to usual trading.  Nowadays, people are mindful of new rules and varied hours of operation but they need you to let them know how these changes affect your business.</p>
<p>Avoid statements like “our business hours are as usual.” Be clear by outlining your operating hours and finding different places where you can effectively communicate this.</p>
<p>Sometimes simple information like this is still difficult to find. Share consistent and up to date business hours on multiple platforms to ensure your customers have the best chance of locating them.</p>								</div>
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					<h4 class="elementor-heading-title elementor-size-default">3.    Our important cut off times/dates are…</h4>				</div>
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									<p>Remind customers about any dates, times and deadlines specific to your business such as cut-off times to place an order or terms of delivery and how to utilise such deadlines. For example, “order before 1 pm for guaranteed same-day delivery!”</p>
<p>This information should be reminded frequently but gently, as customers like to be aware of these points since it helps them plan their purchases. It also keeps them updated with any changes to these cut-offs due to external situations beyond your company’s control.</p>								</div>
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					<h4 class="elementor-heading-title elementor-size-default">4.    We are located at…</h4>				</div>
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									<p>This may seem like an obvious one, but people are seeing many businesses moving locations or shifting to online operations at the moment.</p><p>Even if you rely on foot traffic, there is no harm in reminding customers about your address for delivery or pick up and although they may be able to Google this information, facts always feel more accurate coming from the direct source – your business website or social channels.</p>								</div>
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									<p>Let your customers know where they can find information, support and education. Maybe it’s via your website or social media pages or simply by phoning them, it is important for people to know how they can find out more about you. </p>
<p> Here is a short list of information your customers may want access to:</p>
<p>This is just a short list of information that can deliver extra value for your existing customers and provide reassurance to your potential customers about your company, your capabilities and your ability to support them.</p>								</div>
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					<h4 class="elementor-heading-title elementor-size-default">6.    Who we are…</h4>				</div>
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									<p>Unless your customers are buying from you frequently, their perception of what you do may be different from the reality of what your business delivers currently.</p>
<p>Don’t be a stranger, share information about your products and services as they change, even if it’s just a new season of a range of products you get in every year, you never know who you’ll inspire. Keep customers in the know of your most recent additions to ensure they are aware of what you have available.</p>								</div>
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					<h4 class="elementor-heading-title elementor-size-default">7.    Who we can help…</h4>				</div>
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									<p>While we all love to sell to many different customers, the reality is you can attract repeat customers when you communicate with those who are your best customers.</p>
<p>Interest your ideal customer through targeted marketing and by selling yourself as the solution your best customer is searching for. </p>								</div>
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					<h4 class="elementor-heading-title elementor-size-default">8.    More about our products and services…</h4>				</div>
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									<p>A lot of traditional businesses, professional services, wholesale and manufacturers feel as though all the services they offer are common knowledge. There is some unspoken assumption that you know to go to a roofer when the roof leaks and go to an accountant when you need end-of-year financials.</p>
<p>But what about the times you need something less obvious?</p>
<p>There are a lot of crossovers in business and it is likely your company offers more than one primary service or product. Make sure your customers know all the services you offer so they know to come to you first even for your less obvious situations. </p>								</div>
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									<p>You’ve advised everyone you are back to business but are you welcoming new business?</p>
<p>Situations are causing changes in the way businesses are able to deliver their services and some industries are under a lot of stress, so make sure you let your existing customers, and potential new customers that you are happy to take on new business.</p>								</div>
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									<p>We are all in the same boat right now. Let&#8217;s understand where and how each of our businesses can help others, and utilise this to reach out to others who may need help. </p><p>For example, one of our services is to create automated email communication, which helps grow sales. However, right now, we see it more beneficial to have a conversation about reconnecting with your customers which can be done with or without an automated e-newsletter.  </p><p>Are you ready to learn more about how to best communicate these messages for your business?</p>								</div>
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									<p class="article-editor-content__paragraph" data-pm-slice="1 1 []">Smarketing Lab, Managing Director <br />Co-Creator of 4Rs Business Growth Framework with profitable B2B solutions </p><p>Book time with me <a href="https://calendly.com/assia1/catch-up-with-assia-smarketing-lab">HERE now</a></p><p>assia@smarketinglab.co.nz</p><p><a href="https://smarketinglab.co.nz/what/framework/repetitive-connections/linkedin-for-business/linkedin-profile/linkedin-quiz/">Find out how well your LinkedIn profile stands by using our Quiz</a> and ask for help when need it. Because the #teamtalent at Smarketing Lab is on standby ready to help you gain the full benefit from LinkedIn for your business.</p>								</div>
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		<title>Why is the “Small” NZ B2B Market a True Land of Opportunity?</title>
		<link>https://smarketinglab.co.nz/new-zealand-b2b-market/</link>
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		<pubDate>Mon, 18 Apr 2022 23:33:51 +0000</pubDate>
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					<description><![CDATA[<p>Why is the “Small” New Zealand B2B Market a True Land of...</p>
<p>The post <a href="https://smarketinglab.co.nz/new-zealand-b2b-market/">Why is the “Small” NZ B2B Market a True Land of Opportunity?</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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										<content:encoded><![CDATA[		<div data-elementor-type="wp-post" data-elementor-id="219584" class="elementor elementor-219584">
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					<h1 class="elementor-heading-title elementor-size-default">Why is the “Small” New Zealand B2B Market a True Land of Opportunity?</h1>				</div>
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									<p>So, you keep hearing that the New Zealand B2B Market is small?</p><p>But what does that mean?</p><p>Small compared to WHAT?</p><p>How do you navigate successful financial decisions amidst misleading marketing statements lacking statistical support in today&#8217;s business landscape?<br />You should confidently make financial forecasts by combining marketing creativity and numerical facts. Let&#8217;s explore the scale of New Zealand&#8217;s B2B Market.</p><p>When it comes to measuring the size of anything, we have to talk numbers.<br />As intimidating as they may seem, numbers are exciting. They come alive with a human touch, an explanation and an idea of what the numbers mean, and they can completely evolve a set of statistics and give them a whole new meaning.</p><p>The idea that the New Zealand B2B Market is “small” is a lot more complex than we are led to believe.</p><p>New Zealand is a small country, so naturally, the overall number of local businesses is less than in larger countries.</p><p>For example, it’s fair to assume that if the UK’s population is nearly 14 times larger than the population of NZ, there will be 14 times as many businesses. Right?</p><p>But simply looking at the number of businesses in a country does not tell us much about the actual market size.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Let’s look at some figures to help broaden our understanding:</h3>				</div>
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									<p>The United Kingdom ranked second for the number of new businesses registered in the European Union in 2007 with 7.4 businesses per 1,000 people.</p>
<p>New Zealand ranked first for the number of new businesses registered amongst high-income OECD countries in 2007 with 18 per 1,000 people.</p>
<p>Australia ranked in the middle for new businesses registered with 4.4 per 1,000 people.</p>
<p>The United States ranked last for new businesses registered amongst English-speaking countries in 2005.</p>
<p>SOURCE: <a href="https://www.nationmaster.com/country-info/stats/Economy/New-businesses-registered/Number/Per-capita#2007">NationMaster.</a></p>
<p><strong>And more recently:</strong></p>
<p>In 2016 New Zealand was ranked 15th worldwide (out of 264 countries) with 14 businesses started per 1,000 people.</p>
<p>SOURCE: <a href="https://data.worldbank.org/indicator/ic.bus.ndns.zs?end=2015&amp;most_recent_year_desc=true&amp;start=2015&amp;view=bar">The World Bank</a></p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">But what do these statistics actually mean?</h2>				</div>
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									<p>Great question! So far, these are just numbers and may seem confusing but with a little explanation, these numbers can tell us a lot.</p>
<p>To put it simply, these figures show in proportion to the population, that New Zealand has far MORE businesses than many other countries! Despite being small, as a country New Zealand is registering more new businesses than most, showing just how hungry and excited the market is to get trading.</p>
<p>Let’s break down what that means.</p>
<p>New Zealand boasts a high number of business entities per capita, presenting ample opportunities for various transactions and business endeavours.</p>
<p>However, relying solely on the registration count may not accurately reflect the market size, as certain scenarios can skew the data.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">For example:</h3>				</div>
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									<p>Step 1. A person buys a house as a rental and starts a company for taxation purposes.</p><p>Step 2. The same person buys another house and starts a new company for taxation purposes.</p><p>Step 3. Rinse and repeat.</p><p>Step 50. The same person buys another house and starts a new company for taxation purposes.</p><p>This person, or perhaps a team of people can only sit on so many office chairs, only need as many cars, only need one office or may even run these 50 enterprises from the comfort of their own home. Meaning their 50 companies are not having the same impact on the New Zealand B2B Market as initially apparent.</p><p>Of course, these companies still operate as businesses and require services such as accountants, lawyers, cleaning companies, and tradesmen.</p><p>This highlights the dual significance of the number of companies in assessing a business&#8217;s target market—sometimes crucial, sometimes misleading. Numbers can suggest, but alone, they may struggle to capture the full reality of situations and their complexities. The New Zealand B2B Market is a complex situation that requires clarity.</p>								</div>
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					<h3 class="elementor-heading-title elementor-size-default">Clarity all comes down to definitions.</h3>				</div>
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									<p>How do you define an enterprise and how do you define a company that is an eligible prospect for your business?</p>
<p>Two decades ago, I stepped into the marketing space with a science and IT background.</p>
<p>From the very logical cold world of numbers into the emotional world of creativity.</p>
<p>And while I enjoy the creative side of things, I’m puzzled why numbers are not getting the appreciation they deserve. Incorrect numbers as the basis for business can lead to inaccurate financial forecasts, resulting in misguided decisions about the market.  And no one wants to get things wrong when the New Zealand market is holding so much potential.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">So, what’s the number one step to avoid bad situations? </h2>				</div>
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									<p>The answer is simple. Being “in the know.” Or at least the beginning of the answer and the beginning of an exciting journey where you can be confident that your forecasting is rock solid.</p><p>After keeping an eye on NZ businesses for 20 years and spending 15 of them growing NZ’s largest list of researched verified data, I feel it’s time to make sure that there are no mysterious figures used in financial forecasts, just clear, explained numbers. Ensure businesses understand their true market and opportunity sizes for informed financial decisions that drive success and growth.</p>								</div>
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					<h2 class="elementor-heading-title elementor-size-default">Assia Salikhova</h2>				</div>
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									<p class="article-editor-content__paragraph" data-pm-slice="1 1 []">Smarketing Lab, Managing Director <br />Co-Creator of 4Rs Business Growth Framework with profitable B2B solutions </p>
<p>Book time with me <a href="https://calendly.com/assia1/catch-up-with-assia-smarketing-lab">HERE now</a></p>
<p>assia@smarketinglab.co.nz</p>
<p><a href="https://smarketinglab.co.nz/what/framework/repetitive-connections/linkedin-for-business/linkedin-profile/linkedin-quiz/">Find out how well your LinkedIn profile stands by using our Quiz</a> and ask for help when need it. Because the #teamtalent at Smarketing Lab is on standby ready to help you gain the full benefit from LinkedIn for your business.</p>								</div>
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		<p>The post <a href="https://smarketinglab.co.nz/new-zealand-b2b-market/">Why is the “Small” NZ B2B Market a True Land of Opportunity?</a> appeared first on <a href="https://smarketinglab.co.nz">Smarketing Lab</a>.</p>
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