sales jargon

Sales Cycle The procedures and steps you have taken and will take on a particular deal. Include such as Initial Meeting, Board Presentation and so on. Sand-Bagging Not always advisable, it is the practice whereby salesreps give themselves a little protection for the next sales period by holding back with

Tag-On Close These are the little words at the end of a sentence that encourage a natural ‘yes’ response, aren’t they? Target A salesrep’s total amount of business they must bring in. Telesales Picking up the phone and looking for business. The majority of salesreps start off here.

Up-Sell The practise of proposing more of the same product when a customer asks for it. Typically used in the form of an additional enticement, such as a purchase economy of scale in the shape of a bulk-buying discount – “take an extra one and I’ll give you ten percent

Value Selling Shift emphasis of your pitch from what the offering actually does, to the monetary amount it will actually produce for the eventual customer. Virtual Territory In vogue ever since Virtual Reality technology became less exciting than the Internet, it is where you calculate the value of a territory

Wallowing Many different applications, typically where a point comes up, and rather than resolve any issue straight away, you linger on why it is important or what is bad about it. The beginnings of Empathy here. War Story Ever heard someone tell you in ten minutes a vaguely witty conversation

Xs Technically Exes? Expenses. YoY Year-on-Year. Typically a measure of growth where this year’s sales are expected to go beyond the last. Zero Nothing, nada, a bath. Zero sales to record. To be avoided.