Sales optimization

Sales optimization is using technology to maximize your sales performance and increase the number of conversions. You can do it by studying interactions with the target audience and improving them to sell more effectively.

In the article, we explain what sales optimization is and provide the top 9 strategies to blow up your sales.

9 sales optimization strategies to drive more revenue

According to Statista, the average conversion rate of online shoppers was about 2.14%–3.23% in the third quarter of 2020. If you think this percentage is extremely low and want to generate more sales check out 9 effective strategies below.

1. Set short-term and long-term goals. To improve your sales processes, it is vital to understand the company’s future actions. Define potential growth areas, predict possible roadblocks and find ways to overcome them. Describe your brand’s aims and create a plan for the next few years. Then divide it into the parts, establish goals for each part, and set deadlines. Share this plan with your sales team to be on the same page.
2. Create profiles of your buyer personas. According to Madmarketer, 71% of companies that exceed goals in revenue documented their ideal clients. Analyzing and describing the audience you work with can help you understand their behavior and provide better service. Moreover, having definite consumer profiles will allow your sales representatives to concentrate on your buyer personas and avoid wasting the budget on uninterested leads. To study your target clients, focus on their demographics, needs, pains, motivations, and emotions that trigger them to buy. Share this information with your team and use it during the sales process.
3. Study your pipeline. Improving roadblocks is as important as looking for future ways to develop. To understand your company’s issues, examine all the stages of your sales pipeline. Discover the length of the client's journey, the number of conversions, customer acquisition cost, and return on investments. The most important metrics can differentiate from company to company and depend on your goals. Then fix the leaks in the pipeline to make the sales process smoother.
4. Use business automation tools. According to Emailmonday, 56% of businesses use marketing automation. It allows companies to save their employees time, regulate operations and streamline processes. Chatbots are a current trend in business automation that helps answer FAQs faster and free your workers for more important tasks. LIKE.TG provides a cutting-edge chatbot builder that lets you create bots for Instagram, WhatsApp, Facebook, and Telegram. You can set up auto-replies, add content, insert buttons and accept payments right into the bot. Try it for free to optimize your sales right now.
5. Build long-term relations with clients. Most companies are focused on getting a quick profit and don’t concentrate on building strong relationships. This strategy allows businesses to survive but not to develop. Smallbizgenius states that 65% of the brand's revenue comes from regular customers, so it is vital to improve their satisfaction and loyalty to reduce brand switching.
6. Try different marketing strategies. You can interact with the audience across various channels within an omnichannel marketing strategy. Test different formats and understand what converts clients better. There are many ways to advertise your products, such as social promotions, ads on TV, influence marketing, etc. LIKE.TG lets you launch bulk email, SMS, and web push campaigns. You can personalize marketing messages, segment target audiences, and use A/B testing to make sending more effective.
7. Empower your sales team with CRM. Findstack states that 74% of sales reps are sure that using a CRM gives them better access to customer data and helps provide personalized service. This fact is crucial because 80% of people are more likely to buy from a company that offers a personalized experience. If you are looking for a platform that will help you streamline your sales — try the built-in CRM from LIKE.TG. It allows you to manage the deals, store clients’ information, check the tasks’ progress and connect with customers in two clicks. Moreover, you can integrate the CRM with other LIKE.TG products to make it even more powerful.
8. Analyze the results regularly. Continuous tracking of your sales performance lets you improve roadblocks as fast as possible. You will find unnecessary stages of the customer journey and speed them up or optimize them to prevent leads from leaking out. Also, studying your sales processes helps define the most profitable segments of clients, prioritize them and increase profits.
9. Choose the right people and improve your sales reps’ qualifications regularly. According to HubSpot, 20% of sales reps generate 80% of sales. It means that the choice of employees is crucial. Once you put the team together, create a client-centric culture within your company. Explain your values to the workers and motivate them to transmit them to the customers. Identify KPIs according to your goals and track the staff performance. Also, it is vital to improve your employees’ skills regularly. Provide training and courses within the company to educate them on optimizing sales. You can also use our blog as a free source of information to find out the ways to improve your digital marketing strategy.

Congrats, now you know what sales optimization is and how to improve your sales. Use these ideas to optimize processes within your company and drive more revenue.