Originally published in: WPI Venture Forum
Successful selling requires significant planning, the objective of which is to build a better sales process that is permanent, persistent, predictable and profitable. Sales productivity improvement will result from an integrated plan where the people, the process and the programs are all aligned. Here's a ten-step approach to make sure you get the results you're looking for.
The process must be defined and documented. Careful consideration must be given to business development, channel management, forecasting and reporting. Predictable, easy-to-replicate selling steps help salespeople stay focused and motivated.
Resource expenditures on activities such as trade shows, advertising and direct marketing must be tied to expected revenue generation. Simply throwing money at a program does not guarantee success.
When you measure the sales activities that lead to the dollars that salespeople generate, you avoid rearview mirror management and eliminate the hockey sticks of forecasting.
High touch refers to a high level of personal contact - telephone calls, sales calls, e-mails, correspondence. When these activities are combined with high tech enhancements (databases, sales force automation, etc.), higher sales are the result. Technology makes you efficient, but the process makes your effective.
Non-sales activities include cold calling, early-stage prospecting, attending meetings, writing letters, resolving credit problems, etc.
While important, these activities cause salespeople to fall into the trap of the number one reason for sales failure - not being there when the customer is ready to buy.
Companies should delegate non-selling activities to less expensive personnel and free up salespeople to do what they were hired to do - sell.
Systems must be put in place to measure and benchmark your employees. Goals and rewards should be set with these measures in mind.
Enough said!
90% of salespeople give up before the customer is ready to buy. Manage relationships over time to create a high-performance organization and extraordinary value for customers.
Salespeople should be paid to sell, not to manage commissions, resolve credit issues or respond to general inquiries. Make sure your salespeople know their jobs and goals, then help them to achieve those goals.
A simple referral can turn a cold call into a hot lead.
Let this ten-step process give you predictability and peace-of-mind!
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