Seminar Sales New Momentum

Global SourcesUpdated on 2023/12/01

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High-tech business owners need the backing of venture capital, and the CEOs of these companies do whatever it takes to raise money. These company bosses are flying around the country looking for potential investors. Clearly, this type of financing is costly when you factor in the cost of airfare, restaurants and treats.

When asked if they would try to raise money through seminars, their response was, "That's not the way to go in our industry. Someone who can invest in a company like ours needs thoughtful personal attention." But they put a lot of personal attention on these people for little in return. They should seriously consider using a more effective method of selling and financing: a seminar-style selling strategy.

Some entrepreneurs use a seminar-style sales strategy without immediate results. This is because they don't know how to use this strategy properly. They don't know how to prepare mailing lists, design promotional materials and invitations, choose a venue, and most importantly, they're inexperienced with product pitches. But after months of serious study and preparation, they were able to hold their first workshop and raise much-needed funds. In half a year, they will gradually master this marketing strategy and improve it day by day, and then have the funds needed for business expansion and achieve profit goals. If this marketing strategy does not bring them satisfactory results, then it is likely that something is wrong with their business itself.

Many sales executives and their teams use a one-to-one marketing strategy most of the time -- calling one customer, emailing or faxing another, and then visiting another customer . Although one-to-one sales are good, they are not efficient and time-consuming. Seminar sales tactics are an excellent alternative. If you have a large number of high-quality prospects and master the first-class presentation skills, then you have a superior sales ability.

The specific form of a seminar sales strategy can vary. Whatever it's called, you need to speak to a high-quality group of potential clients. The location of seminar-style sales can be selected in large-scale conferences, workplaces, restaurants, restaurants, golf courses or trade fairs, or the seminars can be moved to the Internet by using network technology. Only the level of imagination of the marketing team will limit where or how a sales seminar can be held.

Valuable ROI

The misconception can also discourage sales teams from experimenting with seminar sales tactics, which are perceived to be expensive. In fact, if implemented properly, seminar selling should be the least expensive of the existing in-person selling strategies. Telemarketing will be less expensive, but it limits what you can show to potential customers and their impact.

The most expensive one-on-one marketing tactic is a salesperson visiting every prospect. The cost of a one-on-one customer visit can range from as little as $25 to more than $1,000 (including the cost of air travel), and for most industries, the average cost is around $250-300. If you can attract a large group of people to watch and listen to your seminar, the cost is often a fraction of the cost.

Don't let the small investment in hosting a seminar be intimidated. In most cases, you will get $5-$10 back for every $1 you spend using a seminar-style sales strategy. Can you remember the last time you found a stock or mutual fund that was 5 or 10 times your investment? In addition to being rewarding, seminar-style sales strategies can help your business grow rapidly.

Sales workshops can also save you a lot of time and effort. How long does it take you to call 300 customers? Maybe a few months. Why not put them together in one, two or three workshops? Imagine how tiring it would be to do the same product introduction 300 times in a row! How much easier it would be if you only made three introductions in front of 100 potential clients at a time; even if you only called 30 clients at a time, you would save yourself 290 repeated introductions.

Content venues focused

A successful seminar should include education, mutual trust and a little entertainment. The content provided by the seminar should be of some educational value. Product introductory or sales-oriented seminars often lose interest to potential customers and lead to poor results. It's nice to get a lot of new people into each workshop, but you need to ensure that every attendee -- even those who don't end up as customers or buyers -- gets something of long-term value out of it.

Conducting workshops at the workplace is a more effective format. Instead of inviting one or two clients from one company, you also need to present to all interested clients. So what are the advantages of holding workshops at work? First, you don't have to pay to rent a seminar space from a restaurant. Often your potential or existing clients will be willing to offer you a space at their premises. Specifically, it can be in a large conference room or a coffee shop. If it is convenient for all participating customers, then you can also choose the venue to take place in the restaurant. Whether it's on the job site or in a restaurant. Clients will feel more comfortable by choosing a venue where they work. Also, because your boss has assigned you to host this workshop, they will assume you have "formal approval" from your boss.

Another advantage of this format is that you no longer have to arrange air travel or mail large amounts of promotional materials. The company that provides you with the seminar venue will also promote the sales program themselves, for example through employee newsletters, bulletin boards or websites. Sometimes the company will also ask you to send some materials, but this will cost you a lot less because the company has provided you with the required mailing list for free, and the list will be larger than the general audience that might be distributed much less. The most effective seminar invitations are simply a piece of paper that details the benefits of the seminar, bios of the speakers, and when and where it will be held in black and white.

Cost Reduction

Another important strategy for reducing workshop costs is to share costs with other sales teams or companies. If you are a wholesaler or a manufacturer's sales representative, you can arrange for two or three companies you represent to share the cost of the seminar. Even if they can't pay for the workshop in full, at least let them cover their fair share. After all, they are the beneficiaries of your sales growth. You can save about $10,000 or more in a year. What if you hold seminars for high-end clients? There are actually ways to save money. Some companies use rag quality paper to create wedding-style invitations, others even use letterpress or gold foil printing, and others use newspaper ads to attract meeting customers. How can you save money on seminar-style sales for high-end customers like this?

The best way to deal with expensive printing is to print all the wedding-style invitations that you will use throughout the year at once. Because of the large quantity, you will enjoy a great discount on the price. The cost of making the stencil and printing the first 1,000 copies is the largest, and the cost of the second 1,000 copies is only a fraction of the cost of the first, and as the number of prints increases, the cost will come down quickly.

How do you print invitations throughout the year when the venue and time of the event are uncertain? When sending invitations to a specific seminar, you can print the location and time of the seminar on a piece of paper and clip it into a pre-printed invitation.

Many people assume that advertising a seminar in the newspaper will be expensive. Actually, that may not be the case. You can start with small-format advertisements in local newspapers. Some companies choose to advertise with lesser circulation publications, which have lower advertising costs, and which target the professional groups they want to target, and have received good results.

Focus on improving performance

It's certainly a good thing if 500 people tell you they like your workshop. How many of them will become your customers? So you also have to focus on developing attendees into clients. After all, that's the main purpose of a workshop. Satisfaction, smiles, applause, and personal camaraderie are all good, but none of these are worth the money.

If possible, you may want to record or videotape the workshop. Careful study of what is recorded on the analysis tape will help you improve presentation performance and achieve team success very quickly. You can objectively analyze how well you performed in the seminar by asking the following questions: Why should I come to this seminar? What's so interesting about this seminar? Where are the flaws in the workshop? What areas of the workshop need the most improvement? Which parts of the workshop can be omitted? What else do we need to add to get the best results?

Carefully compare these questions and you'll see how the workshop can be improved. It's also a good idea to rehearse the workshop in front of a few colleagues, partners, or friends. Don't appear overly confident that the workshop will be successful. You will also need to objectively evaluate the seminar and your presentation through the eyes and ears of others. No matter how much it hurts face, accept all kinds of criticism humbly. Without critical feedback, you can't take the entire workshop to the level it should be. As long as critical feedback on workshops helps your career grow, then it's good for you.

You and your sales team must have a lot to learn from each other. Then invite a dozen potential clients for a workshop instead of giving them a one-on-one briefing. You will save time, energy and money. You will help more people faster. Remember, sales is a numbers game. The more high-quality customers you reach, the better your sales are likely to be. This is the win-win belief in seminar sales strategy.

Originally adapted from the book Ultimate Selling Power: How to Create and Enjoy a Multimillion Dollar Sales Career by Donald Moine and Ken Lloyd with permission. The book is published by Career Press Inc., Franklin Lakes, New Jersey, and the author is copyrighted in 2002. Translated by Guo Yanhang.

Dr. Donald Moine is recognized as a theoretical pioneer in sales psychology. Dr. Ken Lloyd is a columnist and consultant on workplace issues.

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