Welcome to the Sales World: Where Buzzwords Rule
Starting a career in sales can feel like stepping into a room where everyone speaks a secret language—KPIs, pipelines, objections, cold leads... what are they even talking about?
Relax. You’re not alone. Every
successful salesperson once stared blankly at these terms, too.
The good news?
Sales terminology isn’t as complicated as it
sounds. Master these key terms, and you’ll not only survive but thrive in
your new role. Ready? Let’s break it down—Malaysian style.
1. Lead
A lead is a potential customer. Not just anyone, but
someone who has shown interest in your product or service.
- Cold Lead: A lead who doesn’t know you yet—like calling someone randomly.
- Warm Lead: Someone familiar with you or your company, perhaps through marketing efforts.
- Hot Lead: A potential buyer who’s ready to make a decision—this is your golden ticket.
Example: Let’s say you’re selling a subscription to a Malaysian fitness app. A cold lead might say, “Fitness? Tak minat lah.” A warm lead might respond, “I’ve heard about your app—tell me more.”
2. Sales Funnel
A sales funnel is the process of turning leads into
customers. It’s called a funnel because not everyone makes it to the end
(buying the product). The stages are:
1. Awareness: They discover your product.
2. Interest: They learn more about it.
3. Decision: They decide whether to buy.
4. Action: They make the purchase.
Analogy: Picture a Ramly burger stall at Pasar
Malam. People walk by (awareness), some stop to read the menu (interest), a few
decide, “I nak order special double cheese” (decision), and then—boom—burger
sold (action).
3. KPI (Key Performance Indicator)
Your KPI is how your success is measured. In sales,
common KPIs include:
- Number of calls made
- Sales revenue generated
- Number of deals closed
In short, hit your KPIs, and your manager will smile all the way to the team meeting. Miss them, and you’ll get a pep talk (or two).
4. Prospecting
Prospecting is the process of finding new potential
customers (a.k.a leads). You might:
- Make cold calls
- Send emails
- Use social media (LinkedIn might be your best friend here)
Pro Tip: In Malaysia, networking events and even simple
“makan-makan” gatherings can be gold mines for prospecting. Build
relationships—it’s not just about the hard sell.
5. Objections
An objection is when a potential customer says “no” or
hesitates. Common objections in Malaysia include:
- “Mahal lah” (Too expensive)
- “I need to think about it”
- “I’ll check with my boss/partner/spouse.”
How to Overcome It: A great salesperson listens to the
objection and addresses it calmly. For instance:
“I understand budget concerns—let’s discuss how this product can save you money long-term."
6. Closing
Closing means sealing the deal—when your lead says “yes”
and makes the purchase. There are different styles of closing, like:
- The Assumptive Close: “Shall I proceed with the monthly or yearly plan?”
- The Urgency Close: “This promo ends by Friday—let’s lock in the price today.”
In Malaysia, being respectful while closing is key. Push too hard, and you’ll hear, “Nanti saya fikir dulu.”
7. Upselling and Cross-Selling
- Upselling: Encouraging the customer to buy a higher-value version of the product.
- Cross-Selling: Selling a related product.
Example: If a customer buys a laptop, upselling
might mean offering a model with better specs. Cross-selling would be pitching
a laptop bag or antivirus software.
8. Follow-Up
Sales don’t always happen on the first try. A follow-up is reaching out to your lead after the initial meeting to keep the conversation
alive.
Malaysian Style Tip: A polite WhatsApp message like “Hi Encik Amin, just following up on our earlier discussion—let me know if you have any questions!” goes a long way.
Why These Terms Matter
Knowing these key sales terms isn’t just about sounding
smart—it’s about understanding the process. The better you understand the
language of sales, the easier it will be to navigate conversations, hit
targets, and grow your career.
Final Thoughts: Master the Basics, Master Sales
Sales may seem intimidating at first, but it’s a skill
anyone can learn. Start by understanding the basics: leads, funnels, KPIs, and
follow-ups. From there, practice makes perfect. The more you use these terms in
your day-to-day role, the more natural they’ll become.
Before long, you’ll go from beginner to pro, closing deals and hitting KPIs like a true sales superstar. Selamat berjaya!
Disclaimer: The content provided here is for informational purposes and based on general sales practices. Actual terms and processes may vary depending on industries and organizations. Always consult your manager or training materials for company-specific guidelines.
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