Showing posts with label Define. Show all posts
Showing posts with label Define. Show all posts

Saturday, 13 August 2011

How to Define A Sales Process for Sales Success!


Defining a Sales Process

In simple terms, a sales process is a systematic approach involving a series of steps that enables a sales force to close more deals, increase margins and make more sales through referrals.

The 'series of steps' are customer-centric and help the sales force of a company to retain customers and increase sales volume as well as revenues. The 'series of steps' are systematic and not haphazard. Random acts produce random and uncertain results. In sales, random acts can be used occasionally, but a systematic and well-defined best practices approach can assure predictable results.

The establishment and implementation of a sales process with definable steps in a company could result in:

o Predictable Outcomes - desired and predictable outcomes through a series of actions that could lead to more sales and higher margins.

o Repeatable Activities - activities that should be repeated to obtain the desired outcomes again and again by any salesperson within the organization.

o Tangible Results - the outcomes that can be measured and compared.

o Relevancy for Others - A good sales process may be cloned to suit other organizations and they may emulate a successful sales process model. A group of companies may apply a particularly productive sales process to all or some of its divisions.

Simply having a sales process in place doesn't guarantee anything, just like simply buying and installing exercising equipment doesn't lead to a chiseled body. Proper use makes the difference. Actively using and a desire to become willing to implement a sales process could lead to more sales.

Normally a sales process involves the following key steps:

1. Prospecting

2. Qualifying

3. Proposal/presentation

4. Handling Objections

5. Closing

6. Follow-up for repeat business - referrals

Characteristics of an Effective Sales Process

Any ordinary sales process may produce the desired results in normal times. But an effective sales process has elasticity to accommodate extra ordinary situations. Is your company prepared to meet a sudden spike in demand for your products or services?

Does your sales process have the elasticity to deal with fluctuations in customer buying trends? Is your customer database current and up-to-date? Does your sales process take in to account the change in buyer tastes and preferences?

Effective sales processes stand the rigors of changing times and market conditions and produce the best possible results in most circumstances. An effective sales process produces sales results with unerring precision as a manufacturing unit produces finished products. An effective sales process manufactures customers. It's a 'customer manufacturing system'. Isn't that an awesome productivity tool for any company to own?

Just as a manufacturing unit uses raw materials, strategy, technology, and manpower to produce finished goods, a sales process can be viewed as an integrated method where manpower refers to the sales force, the product or service is the raw material, strategy refers to sales plans and methods, and technology refers to the latest communication and sales technologies.

A results oriented sales process accomplishes the following tasks:

o Identifying and qualifying leads so as to take in to account only those prospects that truly have the potential to buy according to their importance to assign the right resources to each of them. Successful salespeople spend more time with their top revenue producing accounts.

o Impress the customer with the uniqueness of the product/service and your company.

o Talk about the 'need' of the customer and develop customized value propositions to solve their business issue.

o Convince the customer that your company is the one that can take care of the 'need' and none can do it better than you.

o Assess the purchasing power of each potential customer.

o Larger percentage of profitable sales.

o Forge stronger bonds between the company and the customers through the sales staff.

o Exploring the possibility of up selling and repeat business. Ensure repeat business through adequate customer satisfaction and proper follow up. It costs five to eight times more to acquire a new customer than selling to an existing customer. (Source: Personal Selling Power Magazine)




About the Author

Doug Dvorak helps companies and professionals achieve results through customized, creative and non-traditional sales training systems that are "one size fits one" and developed to the unique business needs and "sales pain points" of each client. He is available to speak on these topics.

For more information visit http://www.salescoach.us or call 847-359-6969

Permission is granted to reprint this article in print or on your web site as long as the paragraph above is included and contact information is provided

Copyright 2008 The Sales Coaching Institute, Inc.
Sales Skills Training l Strategic Sales Coaching
Chicago, IL l 847-359-6969 l doug@dougdvorak.com
http://www.salescoach.us





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Wednesday, 10 August 2011

Sales Management - How to Define Your Company's Sales Job - Part 2


Here are seven additional factors to consider as you define the parameters that produce success in your company's sales job. If you are a salesperson, you can also benefit from considering these questions, as they can help you identify target prospects and further refine your sales approach.

1. Administration

Which sales job functions require attention to detail? (Examples include making accurate forecasts, providing timely updates to the corporate CRM system, analyzing customer records to determine sales strategies, and ensuring regulatory compliance.)

Some companies have support personnel that perform administrative tasks on their salespeople's behalf. Other companies expect their salespeople to deal with a certain amount of administration. If a tolerance for process, detail and administration is necessary for success in your company's sales job, some amount of Tolerance for Administration is desirable in your salespeople.

2. Communication

How important are verbal and written communication skills to sales success in your company? Are your salespeople required to make presentations? Are they required to compose letters or proposals?

Sales roles that rely heavily on high quality verbal and written communications require salespeople that have healthy doses of the attributes Communication Skills and Reasoning Ability.

3. Pre-Sales Support

What support resources are available to help your salespeople manage specific steps of the sales cycle? How effective must your salespeople be when managing these resources?

The availability of support resources has a significant impact on the attributes required for sales success. If your salespeople have access to quality internal (employed by your company) or external (employed by suppliers or partners) technical resources, they don't need to invest a lot of time learning technical details. This frees them to focus more time and energy on prospecting and opportunity qualification. By the same token, if your company employs technical writers who can assist salespeople with large proposals and bid responses, there may be less need for your salespeople to have strong Communication Skills.

4. Post-Sales Support

Are your salespeople expected to provide technical or operational support to customers, or do other personnel provide this support?

If your salespeople are required to deliver post-sales support, it would be desirable for them to have a lower Sales Drive, be less Competitive, and have a higher Service Drive.

5. Training

What kinds of training does your company provide to salespeople? How much training does your company provide?

Companies that provide a lot of training may have the luxury of being able to hire inexperienced sales candidates and "train them up from scratch". This is extremely valuable in markets where highly qualified sales candidates are scarce and/or prohibitively expensive. However, if your company is going to employ this approach, you should seek candidates with strong Learning Rates.

6. Sales Manager's Style

What are your sales managers' styles? Do they lean in the direction of being Field Generals (who prefer selling to coaching) or Administrators (who excel at mentoring and administrative duties)?

The desired levels of the attributes Sales Drive, Service Drive, Assertiveness, Competitiveness, Independence and Tolerance for Administration will differ based upon each sales manager's style.

7. Career Path

What is the career path for your sales position?


From small ticket item sales to big ticket item sales?
From sales to management?

If your sales team is a source of candidates for other positions in your company, you may want to consider whether your salespeople and sales candidates have the attributes required to be successful in those other positions. Why? Because the attributes required to succeed in those other positions may not be the same as the attributes required for sales success!

Consider this example: Most small ticket item sales cycles are shorter than big ticket item sales cycles.As a result, the desired amount of Sales Drive will differ based upon the frequency of opportunities for presentation and persuasion. A successful salesperson in small ticket item sales is likely to have a strong Sales Drive. Will they become frustrated by the reduction in opportunities to present and persuade that could result from a "promotion" to big ticket item sales?

Similarly, the talents required to be an effective manager are often quite different from the talents required to be an effective salesperson. Success in management can require more attention to detail and the willingness to delegate and mentor. These requirements impact the target ranges for the attributes of Sales Drive, Service Drive, Assertiveness, Competitiveness, Independence and Tolerance for Administration.

If you keep the fifteen questions discussed in this two-part article in mind, you will be able to more accurately define the parameters that will lead to success in YOUR company's sales job(s).

Copyright 2005-2008 -- Alan Rigg




Sales performance expert Alan Rigg is the author of "How to Beat the 80/20 Rule in Sales Team Performance" and the companion book, "How to Beat the 80/20 Rule in Selling". His 80/20 Selling System (TM) helps business owners, executives, and managers end the frustration of 80/20 sales team performance, where 20% of salespeople produce 80% of sales. For more information and more FREE sales and sales management tips, visit www.8020sales.com.





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