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How Consumer Spending Trends Impact Your Recession Sales Strategy [Data + Insights]

Hubspot Sales

Sales is a tough job under normal circumstances, but throw in a recession and things get even more complicated. This means retiring the old playbook and getting creative with your sales strategies. US consumers are spending more conscientiously right now. As a result, sales cycles tend to get longer.

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5 ways to keep your business on track during turbulent times

ACT

Soaring interest rates and commodity prices indicate the economy is headed toward a recession in 2023. In the current atmosphere of economic uncertainty, your business will likely face several challenges, from recessions to climate change and natural disasters. That, in turn, can lead to a decline in sales and affect your revenue.

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Top 10 Product Development and Innovation Management Predictions for 2024

Planview

was able to avoid recession in 2023 and consumer confidence is optimistic entering 2024, companies are still proceeding with caution, given the elevated (56%) chance of recession sometime in the next 12 months, according to the New York Fed’s recession probability model.

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How to Deal When You're Having a Bad Sales Month

Hubspot Sales

Having a bad sales month? What makes a bad sales month? A bad sales month can be attributed to a variety of factors, ranging from internal processes to external market conditions. Sales experts set off the common seven: 1. Get Pipeline Management in Sales Hub free 2. We’ve all been there.

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How to Cater a Sales Strategy to Millennials

Hubspot Sales

Between educational debt, entering the workforce during the worst recession since the Great Depression, and stagnant wages, the generation born between 1981 and 1996 has experienced our fair share of turbulence that has shaped our buying habits and spending power. In 2019, Millennials became the largest generation in the U.S.

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Selling in a downturn – Are your teams being trained with the proper tools for the job?

Mercuri International

It’s no surprise that sales strategies are having to pivot to meet the changing demands and context of the current market. This is nothing new – adaptability and flexibility have always been key to sales success. However, it’s the speed of market change that is causing such a headache. Key findings.

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Small Business Growth Strategies for 2023

ACT

With the rising operational costs of the post- pandemic era and the fears of a global recession increasing with every passing day, running a profitable small business isn’t easy. But surviving and even growing is more than just possible with the right strategy and tools. You need a growth strategy—but which one? .