When creating a selling technique for your business, it is important to build a memorable system that your employees will rally around. An effective selling technique isn’t just about the salespeople closing a deal—it should be something the entire company can use to keep their priorities straight. There’s a lot to be learned from the way other businesses have approached this issue.
The Macy’s M.A.G.I.C. Selling Strategy
When I was overseeing the Babies “R” Us retail chain, we needed to develop an easy-to-remember retail selling technique that would help our sales floor associates repetitively create sales and delight guests. We came up with several ideas, but then we heard about Macy’s using a mnemonic device to ensure consistency in their selling strategy: M.A.G.I.C.
The Macy’s M.A.G.I.C sales acronym stands for:
- Meet and make a connection
- Ask questions and listen
- Give options and give advice
- Inspire to buy and sell more
- Celebrate the purchase
It was easy to remember, it fit our salespeople perfectly, and it really worked. The acronym is simple, but the ideas it represents are essential to the way Macy’s approaches its business overall—it’s all about connecting with their customers. I believe that businesses should take a leaf from Macy’s book when creating a selling technique.
Creating an E-Commerce Selling Strategy
The beauty of an acronym-based sales strategy is that it’s easy to remember and repeat. It’s catchy enough to put on posters in the breakroom or in company documents to make sure it’s at the forefront of your employees’ minds.
If your people can remember the sales strategy and make it a part of your company culture, you’re well on your way to having an effective selling technique. To help you with some options, here are a few other useful acronym-based sales systems to consider:
- ARC: Ask, Recommend, Close/Cross-Sell
- FAB: Features, Attributes, Benefits
- LAIR: Listen, Acknowledge, Identify objection, Reverse it
- SELL: Show, Explain, Lead to benefits, Let them talk
These are generic, but they’re a good place to start. Ideally, your acronym will be something that fits your business (you can see how “The Magic of Macy’s” was catchy enough to become a company-wide slogan, so the acronym made perfect sense).
Acronyms make your sales strategy easy to remember, resulting in a more consistent sales process and a smoother training period for new salespeople. Like the examples above, they can be simple or a little more complex, like Macy’s example. The acronym can break down bigger concepts into bite-sized pieces for your employees to digest.
Of course, a clever mnemonic device alone isn’t enough. There must be real meaning behind it, something that your salespeople can use as a reference, and the rest of your company can cite when thinking about the overall mission. After all, the way you approach sales says a lot about your business.
Creating an effective selling technique doesn’t always happen overnight. Some inspiration can help. Click here to sign up and have my free weekly blog articles about common business opportunities delivered right to your inbox.