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If you are like most sales managers, you expect a lot from your
sales reps. Above all, you expect them to meet and, perhaps,
exceed the quotas you set for them.
Can they do it?
Your sales reps can't control whether a prospect needs, wants,
or can afford your company's products or services. They can't
control whether a current customer needs to place a reorder.
They can't control the nature or frequency of your competitor's
marketing, advertising, pricing, or promotions that eat away at
your market share. They can't control the market demand for your
product or service or the local, regional, national, or global
economic forces that impact that demand.
You can help.
The only thing your salespeople can control -- and the element
you can help them manage -- is their own behavior. Regardless of
the economy, market demand, or the competition, there are
specific activities you can help them focus on and hold them
accountable for performing daily, weekly, and monthly - -
activities that will keep them moving toward the accomplishment
of their goals ... and yours.
What can you do?
Sales come from two sources: new customers and existing
customers. Let's start with new customers. What can you do to
help and encourage your salespeople to identify new customers?
Here are some suggestions:
Establish a prospecting plan -- one that identifies specific
activities such as cold calling, networking, and generating
referrals to be performed on a regularly scheduled and recurring
basis.
Hold your salespeople accountable to the prospecting plan
activities. By monitoring activities and results, you can
identify inefficiencies and areas where you can help them
improve their skills.
Hold your salespeople accountable for contacting a specific
number of prospects daily or weekly. Make sure they are doing
more than "going through the motions." Activity is important;
results are more important.
Identify and inform your salespeople about specific target
markets to focus on and the unique advantages your products or
services provide for those markets. Help them develop a
"prospecting message" specific to those target markets.
Inform your salespeople about the company's marketing and
advertising activities so they can capitalize on those efforts.
If you make sure that your people
are doing a little bit all of the time, they won't fall into the
trap of having to do a lot at crunch time.
Plan to succeed.
Now, let's turn our attention to existing accounts. Proper
planning for existing accounts is as critical as new business
development planning. Maintaining profitable accounts and
weeding out and replacing unprofitable accounts should be a
prime objective. Here are some things you can do to assist your
salespeople:
Identify criteria your salespeople can use to analyze and
categorize accounts in relation to growth potential. Growth
potential may be based on the market the customer serves and/or
the number of products they currently buy from you.
Analyze the amount of time salespeople invest with each account
category. Determine if their time is being invested wisely in
relation to the account's growth potential.
Help your salespeople develop specific growth plans for each
account category. If, for instance, an account has been
cherry-picking your product line, buying only your most
competitively priced (and least profitable) items, the goal
would be to broaden the depth of their purchases or, perhaps,
replace them.
When you help your salespeople focus on business development
activities they can control, expectations will be met -- yours
and theirs.
© Sandler Systems, Inc. All rights reserved.
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