Business Development Strategies for Niche Markets
Selling to Liquefied Petroleum Gas Bottled and Bulk Businesses
Business experts are seeing that many liquefied petroleum gas bottled and bulk businesses are expanding, and smart vendors are laying out a strategy to sell to this growing market. Here's what you'll need to sell to liquefied petroleum gas bottled and bulk businesses in today's marketplace.
As it turns out, liquefied petroleum gas bottled and bulk businesses are subject to normal business demands; they're in the market for high quality products at reasonable prices.
A strong value proposition and a great strategy are requirements for companies who sell to liquefied petroleum gas bottled and bulk businesses. Despite the presence of market barriers, emerging companies can gain traction by applying a handful of proven sales principles.
Internet Strategies
With liquefied petroleum gas bottled and bulk businesses increasingly using the Internet to locate vendors, it's becoming more important for B2B sellers to develop online sales strategies.
A user-friendly website is the home base for all of your other online sales and marketing activities. However, it may also be worthwhile to integrate email advertising, SEO, social networking and other techniques into your sales and marketing mix.
Cost Analysis of Your Selling Tactics
Every part of your sales strategy is fair game for cost analysis. Business owners sometimes overlook cost considerations and instead, choose to invest in sales strategies that aren't capable of delivering the highest possible ROI.
For example, even though it might be desirable to recruit an additional ten sales reps to expand your base of liquefied petroleum gas bottled and bulk business customers, the additional labor overhead may make hiring cost prohibitive -- or at least unattractive compared to other less costly strategies.
Reaching Prospective Customers
Prospecting is the process of identifying potential customers and converting them to qualified leads.
Networking can fine tunes prospecting performance and conversion ratios. However, it's important to make sure your sales force isn't so focused on conversation that they miss the point of prospecting, i.e. the identification of likely buyers, key decision makers and high value industry contacts. In other words, the type of people you meet is just as important as the number of people you meet when prospecting for liquefied petroleum gas bottled and bulk businesses.
Lead lists are useful because they narrow the field for your team. Third-party lists from reputable vendors (e.g. Experian Business Services) arm your sales force with good leads, making it easier for your company to balance the quantity and quality demands that are prerequisites for effective prospecting.
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