sales-opportunities

Vocabulary Word

Definition

'Sales opportunities' is a business term for potential sales or deals. Any lead or customer who may be interested in buying your product or service is a sales opportunity.

Examples in Different Contexts

In business development, 'sales opportunities' refer to potential sales transactions identified during the sales process that could lead to new business. A business developer might explain, 'Identifying and nurturing sales opportunities is key to our growth strategy, allowing us to expand our market reach.'

Practice Scenarios

Tech

Scenario:

The client's office systems are outdated and inefficient. They could benefit from a modern software solution.

Response:

I believe we should approach this as a sales opportunity and propose our modern software solutions to improve their systems.

Product

Scenario:

There's a lack in the market for premium eco-friendly shoes. This must be an area where our company could expand.

Response:

Absolutely, the scarcity in the market for eco-friendly shoes presents massive sales opportunities for our company.