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Growing a Business

Common ways sales professionals waste their time (and how to avoid them) according to real sales leaders

Article written by Jay Fuchs (Hubspot)

Time is a precious resource in sales — the efficacy of your sales process, whether a deal winds up closed-won, and virtually every KPI used to gauge your performance all hinge upon how effectively you spend yours.

But efficiently and effectively allocating your time can be tricky in sales — and running into at least a few time-wasters here and there is par for the course. That's why you need to stay abreast of any potential time-draining hitches and understand how to remedy them when you hit them.

To help you get there, we reached out to a few sales leaders for some perspective on common ways sales professionals waste their time and how to best avoid those pitfalls. Let's take a look at what they had to say.

Four aspects to consider when taking your SME online

Article by Alison Alberts, Managing Executive: Cloud Voice & Applications, Liquid C2

In the midst of today’s turbulent times, small to medium enterprises (SMEs) are grappling with disruption and complexity at every turn. This underscores the critical need to invest in digital and transformative technology, now more than ever.

Wait.                                                                                                                                 

Before you read past this article thinking it’s yet another digital transformation drive with little grasp of reality, rest assured that we are here to provide you with practical insights into the genuine value of investing in digital tools in the current economic landscape. But how do you know which tools you need, or which aspects of your business would benefit from digital transformation?

My 10-step process for nailing prospecting on LinkedIn, according to AMP’s CEO

Article by Morgan J Ingram

LinkedIn officially surpassed one billion users last year — yes, you read that correctly — making it one of the most (if not the most) effective, versatile resources sellers have to connect with buyers. But even though having a productive LinkedIn presence is one of the bigger “no-brainers” in sales, a lot of reps struggle to leverage the platform to its full potential.

If you find navigating LinkedIn overwhelming, trust me, you're not alone — but if you approach the platform with a clear strategy, you can turn it into a powerful tool for generating a pipeline and driving sales.

Here's a look at the “clear strategy” I use to ensure I get the most out of my LinkedIn prospecting efforts.

The 5 worst types of sales messages and how to fix them, according to Reforge’s COO

Article writtlen by Michael Pici (Hubspot)

You don’t get many chances with your prospects. Send a self-serving, pointless, or pushy email, and they’ll probably write you off. Do it again — and they definitely will.

As a result, you should think carefully about every message you send. Does it provide new information? Does it have a clear purpose? Does it somehow benefit the buyer?

If you can’t answer “yes” to all three of those questions, head back to the drawing board. To help you out, we’ve outlined the five worst types of sales emails and how to fix them.

Driving small business growth in tough economic times

How collaboration and the right technology can help businesses thrive.

Growing a business in tough economic times is no easy feat. For small businesses in South Africa specifically, socio-economic factors are further compounded by issues of political uncertainty, volatile global markets, rising operating costs, and the often lonely path of the solopreneur. All these factors contribute to a tipping point for local small businesses at which radical change must come to thrive. 

“Even though Xero’s 2024 State of Small Business report again points to optimism and ambition with 87% of small businesses in South Africa reportedly positive about their outlook for 2024, a lot more still needs to be done to foster growth. We need all stakeholders to ask themselves how we can create enabling structures, collaborations, and technology to remove the red tape and other barriers, to enable sustainable growth,” says Colin Timmis, Country Manager, Xero South Africa.

4 tips for closing a deal that has hit a wall, according to a HubSpot Sales Director

Some deals hit walls — that‘s just an unfortunate fact of sales life. As wonderful as it would be to have every sales engagement run smoothly end-to-end and amount to an amicable, productive resolution, that’s just not how things work.

As a salesperson, you‘re almost guaranteed to have to handle this kind of situation at some point in your professional life. So to help you best approach this dilemma when the time comes, I’ve put together a list of four key tips I've learned over my career for closing a deal that has lost steam.

Let's take a look.

Neighbourhood marketing for SMEs

Finding and keeping customers is one of the challenges for SMEs and often they make it more complicated than it needs to be. Have you tried to look for your audience in your local vicinity? Did you know that nearly 90% of mobile searches for local stores or businesses end with a call or a visit to the store within 24 hours? Therefore it seems logical to ensure you are easy to find for this market. Let’s look at seven ways to build your neighbourhood marketing.

Beer and doughnuts and 7 lessons

Article by industry maker, Margaret-Ann Vermeulen (Success Enabler - nFold)

Are you new to the proposal industry and overwhelmed with the bidding process?

Throughout the bidding process, I faced several challenges. Still, with the support of my colleagues, I was able to overcome them and emerge victorious. I learned seven valuable lessons during my first year of bidding and want to share them with you.

If you're a newbie feeling discouraged and doubting your career in the proposal industry, don't give up after your first year! The first year is always the hardest as you find your feet and discover how the process works. But with the right mindset and guidance, you will succeed.

Empowering South African SMEs: Altvest Credit Opportunities Fund’s commitment to growth and development

At Altvest Credit Opportunities Fund (ACOF), our mission is to empower South African businesses by providing them with the growth capital they need to expand, create jobs, and stimulate economic development. As a leading private equity firm, we specialize in offering smart funding solutions tailored to the unique needs of small and medium enterprises (SMEs). Our latest strategic partnership with Tang Hospitality Group showcases how targeted investment can drive significant business growth and international success.

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