3 Insanely Easy Ways to Double Your Sales It's easier to double sales by doubling the amount of an average sale than to double the number of those closed.

By Marc Wayshak Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

South_agency | Getty Images

Every salesperson wants to close more sales -- that's no surprise. But sometimes closing more sales isn't actually the best way to make more money. In fact, it's far easier to double your sales by doubling the amount of your average sale than it is to double the number of sales you close.

The most successful salespeople understand this. They dramatically increase their profitability without chasing after more prospects. Instead, they recognize the value of higher profit margins. As the old adage says, "Quality is more important than quantity." And that couldn't be truer when it comes to selling.

If you're looking to dramatically increase your sales, check out this special report. Here are three insanely easy ways to double your sales, right now:

1. Go after the top dogs, leave the small stuff alone.

Many salespeople spend their entire careers calling on low-level prospects with small budgets and no decision-making authority. Don't be one of those salespeople. Only go after prospects at the top of the food chain; these clients have the authority and budget to say "yes" to big investments.

When you prioritize highly profitable sales, you can start saying "no" to tiny deals that have little return on your investment of time and energy. Focus only on larger opportunities and prospects who can make a big dent in your sales pipeline. Big opportunities take the same amount of time and effort as small ones, but lead to a far greater outcome at the end of the year.

Related: 7 Psychological Strategies for Mastering Sales Negotiations

2. Establish expertise by observing challenges.

As a salesperson, you have a unique 30,000-foot perspective on your prospects' industry. To close bigger deals, present yourself as the expert you are. At the start of a sales meeting with a big prospect, comment on two or three things you've observed about the current industry. For example, a trade show display provider might say, "Right now, I'm seeing a lot of companies worried about their trade show ROI. They're concerned about being perceived as leaders in their industry and struggling to stand out on the show floor more than ever before."

By starting your opening with an observation of the challenges you observe in the marketplace, you'll set yourself up as a true expert in the eyes of the prospect. This is a powerful way to build up to a larger sale. Showing your expertise up front boosts your value, and encourages your prospect to share more about their challenges.

Related: 5 Million-Dollar Strategies Companies Use to Manage Their Sales Force

3. Uncover the cost of your clients' challenges.

You've shown the prospect that you understand what's going on in their world. Now, ask, "Do any of these issues ring true to you?" This is an easy way to get prospects to open up about the challenges faced by their organization. Ask probing questions -- not easy ones -- to determine what's really going on. Prospects will see massive value in this approach, and they'll appreciate that you can help them identify a challenge they haven't mentioned to anyone else before.

Once you identify a prospect's key challenges, it's time to ask, "What do those challenges cost your organization?" By articulating the cost of the challenge, the prospect is putting a price tag on the value of your solution. For example, when a challenge costs an organization $5 million, the solution to fixing that problem could easily be worth $500,000 -- this is now the value of your solution with a 10x ROI. Helping clients see the value of your solution will always lead to bigger sales and higher profit margins.

Don't waste any more time chasing small leads. Go after the highest level prospects in your industry and show them that you're an expert. By implementing these three insanely easy strategies, you'll spend less time and energy chasing leads -- and more time closing highly profitable sales.

Marc Wayshak

Sales Strategist and Author

Marc Wayshak is the author of Game Plan Selling . As a sales strategist, he has created a system aimed at revolutionizing the way companies approach selling.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Devices

The Last Pen You'll Ever Have to Buy — Never Run Out of Ink Again With the ForeverPen

The world's smallest inkless pen is durable, portable, and built to last.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Devices

Save 45% on an iPad Air With This Holiday Sale

You got gifts for everyone else—now it's time to treat yourself.

Business Ideas

Is Your Business Healthy? Why Every Entrepreneur Needs To Do These 3 Checkups Every Year

You can't plan for the new year until you complete these checkups.

Leadership

The End of Bureaucracy — How Leadership Must Evolve in the Age of Artificial Intelligence

What if bureaucracy, the very system designed to maintain order, is now the greatest obstacle to progress?

Business News

A New Hampshire City Was Named the Hottest Housing Market in the U.S. This Year. Here's the Top 10 for 2024.

Zillow released its annual lists featuring the top housing markets, small towns, coastal cities, and geographic regions. Here's a look at the top real estate markets and towns in 2024.