"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…
  • Expectation / targets 

%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

More from the Salespunch™ Soapbox

 

Sales Strategy 

You are currently visiting the Sales Strategy Article

 


 

Sales Training

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!

 


 

CRM

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!

 

 

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