11 Best Practices to Improve Your Conversion Rate - PowerPoint PPT Presentation

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11 Best Practices to Improve Your Conversion Rate

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Conversion rates can be termed as the fraction of sales opportunities that result in an actual sale. It is advisable to have a higher conversion ratio in order to earn higher profits. It is also advisable for the organization to improve some of their policies to make sure a stronger lead conversion rate. – PowerPoint PPT presentation

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Title: 11 Best Practices to Improve Your Conversion Rate


1
Top 11 Ways to Improve Conversion Rates in a
Call-Centre
2
Introduction
  • The conversion rate is defined as the percentage
    of sales opportunities that actually result in
    closed deal.
  • Higher the rate is, greater is the foundation for
    increased trade volume.
  • Sometimes little changes in the policies of the
    organization can bring a large amount of
    difference in the ratio.

3
Tips to Improve Conversion Rate
  • Presentation Agenda
  • Employ the Right Agent.
  • Use Good Openers
  • Motivate the Agents
  • Monitor the Calls
  • Give them Good Training
  • Avoid Jargon
  • Create a Clear Value Proposition
  • Have Incentives
  • Resolve all the Objections
  • Set up a Sales Funnel
  • Call at the Right Time

4
Employ the Right Agent
  • Hire people who are easily able to make a
    connection with the buyers.
  •  Extroverts are usually the best bet as they can
    manage to talk to diverse kind of people without
    any hesitation.
  • Have an employee who sounds enthusiastic,
    confident and motivated on call.
  • Use the best telemarketing software.

5
Use Good Openers
  • The opening line needs to be upbeat and should
    sound polite.
  •  Include a three-part introduction, consisting of
    your name, the organization that you represent
    and the opening benefit for the consumers.
  • It helps the customers to know who you are and
    what your purpose is.
  • Never use, I know you are busy, instead use I
    hope you have a few free moments, as this offer
    will surely make your day.
  • Always, use the name of the buyer for creating
    personal bond with them.

6
Motivate the Agents
  • Tele-callers are the face of the organization.
  • Keep the employees encouraged at all times.
  • Ensure that optimism and healthy competition
    finds its way in the office.
  • Have a reward system set up so that the callers
    are inspired to do well.
  • Have regular discussions on what is working with
    the clients and what is not.

7
Monitor the Calls
  • It is important to understand where the problem
    is.
  • An easy way to do is to track, record and
    supervise the calls.
  • This will help you to realize the mistakes that
    are happening in the contact center and the
    client reactions during the interaction will give
    you an idea of what needs to be avoided during
    the communication.
  • Make sure you buy telemarketing software that has
    the inbuilt recording and scrutinizing feature.

8
Give them Good Training
  • Must have well trained and knowledgeable
    representatives.
  • Have role plays and prepare your caller well for
    tricky situations.

Avoid Jargon
  • Keep it Simple! The conversation should be easy
    to comprehend for the customers.
  • Try to explain technical functions in simple
    layman terms.
  • Remember to phrase your pitch as though you are
    explaining the merchandise to a friend.
  • Simple language keeps the audience engaged in the
    conversation.

9
Create a Clear Value Proposition
  • Value Proposition refers to the primary reason
    why the prospect should invest in your company
    while making the purchase instead of the others.
  • It is important that you differentiate your
    products from that of the competitors and single
    out those elements that make your organization
    stand out in the market.
  • It is also essential that you communicate about
    the uniqueness of your products to your consumers
    in the right way. Only, then will it generate
    optimal results.

Have Incentives
  • Nothing works better than amazing offers and
    incentives.
  • Understand what the customer wants and develop a
    campaign to suit their requirements.

10
Resolve all the Objections
  • Always be well prepared for any sort of question
    that the consumer might have.
  • It is essential that you address all their
    queries to the best of your capabilities.
  • Ensure that your blog posts and website content
    answer all the questions of the customers.
  • Include success stories on the web page.
  • Good experiences of the other buyers can prompt
    them to take the plunge.  Have their
    testimonials, reviews and case studies in order
    to encourage the others to try the product.

11
Set up a Sales Funnel
  • Develop a relation of trust with them before
    cracking the deal.
  • Understand the buyers position in the funnel and
    only then contact them.
  • Keep them in the information loop by providing
    them with facts, advice and regular e-mails.
  • Recording all the previous interactions makes it
    simpler for the agents to find out the position
    of the customers in the trade life-cycle.

Call at the Right Time
  • Align your organization according to the
    lifestyles of the customers.
  • The operational hours should be in accordance
    with the needs of the buyers.

12
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13
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