"If you don't know where you're going, any bus will get you there"As the favoured quote above suggests, in the absence of a well thought-through sales strategy designed with sales growth in mind, a business is likely to lack direction, realistic objectives and, therefore, any real chance of improving sales performance – not without large doses of ‘luck’ and a heavy-weight team of full-time sales coaches tasked only with sales performance improvement. The key elements of your sales plan should include: Product Mix- What products do you have?
- Do any have more advantage in sales terms than others – ‘stickiness’, higher margin, longevity
Customer Mix - Size of customers
- Potential
- No. Of customers
- New customers V Existing - win new business and / or grow sales of products and services to existing customers
- Key accounts - how to penetrate major customers
Market strategies- Hunter / farmer / channel strategies
- By geography split / vertical markets / major and key client and the different approaches required for each
Remuneration / Commission plan – linked to…%age of market share required - to what extent is there an opportunty to increase market share? Sales strategies to support cross and up-sell opportunities Direction – few large / many small – different servicing issues related to this Clearly communicated customer offerings – your value propositions (differentiation) Uniform sales methods in place – singing from the same ‘hymn sheet’ Pricing policy – what to charge, to whom and when Promoting the business - Personal selling - good quality strategic selling with pro-active sales support
- Network – face to face and via remote communication
- Direct (cold?) approach
- Website Articles / newsletter
- Testimonials / case studies / sales collateral
- Conference / seminars
- Third parties / channel strategy
"The definition of insanity is doing the same thing over and over and expecting different results." --Benjamin Franklin |
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A pound coin for each approach that you get from a ‘sales training consultancy’ would probably add more to your bottom line than the effect of the sales training itself!

So, you think the answer to your sales problems is a CRM system do you?
If your business is boardering on insanity in relation to sales strategy (or lack of it), contact Salespunch™ to arrange your exploratory discussion. Visit the Salespunch™ library for more thoughts on how to compile your own sales and marketing strategy. Contact Salespunch™ - Now! |