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Mastering Sales Business: Key Strategies and FAQs

Starting a sales business requires market research, understanding, and basic tools like Excel, phone, and email. This article provides key strategies for researching industries and markets, asking the right questions, pre-selling, and building relationships with customers.

Researching Industries and Markets

⭐Research industries with 2,000-5,000 businesses to avoid running out of prospects quickly.

⭐Use websites like Google and referenceusa.com to gather information about US and Canadian businesses.

⭐Don't hate the market you choose, but you don't necessarily have to love it either.

Asking the Right Questions and Pre-Selling

πŸ”ŽWhen asking questions, let the customers talk and not interrupt them.

πŸ”ŽThe magic question to ask customers is 'If you could wave a magic wand, what would your solution look like?'

πŸ”ŽPre-selling can help you generate revenue before fully developing and launching your product.

πŸ”ŽPre-selling allows you to quickly test and validate different ideas.

πŸ”ŽBuilding and marketing a product can take months or years, but pre-selling allows you to speed up the process.

FAQ

How can I gather information about businesses?

You can use websites like Google and referenceusa.com to gather information about US and Canadian businesses.

What is the magic question to ask customers?

The magic question is 'If you could wave a magic wand, what would your solution look like?'

Why is pre-selling beneficial?

Pre-selling can help you generate revenue before fully developing and launching your product, allowing you to test and validate different ideas quickly.

How can I build relationships with customers?

You can treat customers as friends, ask specific and targeted questions, and record conversations to gain valuable insights.

Why is it important to research industries with 2,000-5,000 businesses?

Researching industries with 2,000-5,000 businesses can help you avoid running out of prospects quickly and ensure a steady stream of potential clients.

Summary with Timestamps

🎀 0:55The speaker discusses how to start a sales business with limited resources and connections.
πŸ“Š 2:46To start a business, list the industries you're interested in and research potential markets with a sufficient number of businesses.
πŸ’‘ 5:18The best ideas come from customers, not from the marketer.
πŸ’‘ 7:38Pre-selling is a powerful concept that can shorten the cycle of building and marketing a product or service.

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