FINANCIAL SERVICES INDUSTRY

IMPROVEMENT IN CRITICAL SALES SKILL #1: BUYER/SELLER RELATIONSHIP

BUYER/SELLER RELATIONSHIP is the salesperson’s knowledge of and ability to use a sales methodology to navigate through each of the customer’s incremental buying decisions in the proper sequence. When salespeople do this correctly, they experience an improved ability to gain commitments while building a lasting relationship with the client.

Big Data Sales Training Report Financial Knowledge Buyer/Seller Relationship

Big Data Sales Training Report Financial Application Buyer/Seller Relationship

REMARKABLE FINDINGS ABOUT BUYER/SELLER RELATIONSHIP SKILLS IN THE FINANCIAL SERVICES INDUSTRY

  1. Financial services showed a greater improvement in Knowledge (74% Vs 58%) primarily because it lacked knowledge prior to the training (55% Vs 60%).
  2. Application scores for this skill were on a par or slightly lower than the Universe (57% Vs 64%). This is the only skill that didn’t have a dramatically larger gain than the Universe.

Financial Services lagged the Universe in every pre-sales training category. Overall, they started 4 points behind the Universe in Knowledge and 5 points behind in Application. However, they had one of the highest percentage improvements of any industries in the study.

Duane Sparks

About Duane Sparks

Duane Sparks is founder and chairman of The Sales Board, the authoritative source of practical and leading-edge information about the art and science of selling.  He has created Action Selling sales training products and learning systems that transform sales organizations.  Duane is author of these best-selling books: Action Selling, Selling Your Price, Questions (the Answer to Sales), Masters of Loyalty (How to turn your sales force into a loyalty force), and Sales Strategy from the Inside Out (How complex selling really works).

Discover how the best sales training process can make spectacular improvements in sales skills. Action Selling: How to Sell Like a Professional (Even If You Think You are One).