Connect with us

Archive

Elements of a Successful Sales Plan

A sales plan should be short, simple and to the point. It’s basically a strategic and tactical plan for acquiring new business, growing an existing book of business, and making or exceeding a sales quota within your sales territory. Typically, a healthy mix would include 75% from new business, and 25% from add-on business from existing customers.

Published

on

Do you want your sales to skyrocket? Build a strategic and tactical sales plan that will launch your organization far beyond your sales expectations? Do you want to grow and sustain the sales growth and prowess of your organization?

A sales plan defined

A sales plan should be short, simple and to the point. It’s basically a strategic and tactical plan for acquiring new business, growing an existing book of business, and making or exceeding a sales quota within your sales territory. Typically, a healthy mix would include 75% from new business, and 25% from add-on business from existing customers.

There are four basic parts to a sales plan:

1. New business acquisition strategies,

2. New business acquisition tactics,

3. Existing business growth strategies, and

4. Existing business growth tactics

Before you start, familiarize yourself with the following sales definitions:

·        Sales quota: This critical element of your plan sets the tempo of your efforts throughout the year and provides quarterly, monthly, weekly and even daily sub-goals for you to achieve.

·       Sales territory: This refers to the geographic area, list of named accounts or specific market niches you have been assigned in order to sell your products, services and solutions.

·        Strategies: The plan necessary to accomplish your goal.

·        Tactics: The steps necessary to carry out the plan.

New business acquisition strategies and tactics

Include the following four strategies in your sales plan: remember, these strategies are all designed to capture new customers and new market share.

1. Exceed your quota

·        Send 50 letters of introduction to new prospects each week

·        Make 50 cold calls of introduction to new prospects each week

·        Make 20 face-to-face contacts with new prospects each week

·        Create 10 proposals each week

·        Make five presentations each week

Your numbers will of course vary, but consistency of effort is the most critical element. What’s important here is that you calculate exactly how many contacts you’ll need to make in order to achieve your sales quota.

2. Increase awareness in the marketplace about my products, services and solutions

·        Join and participate in no less than three professional associations and organizations to which my best prospects and customers belong; share tips and best practices which showcase the benefits of your products or services,

·        Attend any and all trade shows and conventions that my best prospects and customers attend,

·        Purchase the mailing list of these associations and organizations and send either a postcard or a letter of introduction,

·        On a regular basis, contribute articles and white papers that address the interests and concerns of this population,

3. Increase awareness in the community about my products, services and solutions

·        Attend all Chamber of Commerce networking events,

·        Volunteer to speak at no less than 12 different organizations in your territory that show an interest in your products, services and solutions,

·        Volunteer time at three non-profit organisations,

·        Join and participate in no less than three networking groups,

Create a informational brief of interest to the community with a tag line provided courtesy of your company, to include mention of your products, services or solutions.

4. Obtain referrals from all new customers

·        Within 30 days of delivering your product, service or solution, ask each of your new customers for at least three names and phone numbers of someone they personally know who may have a use for your products, services and solutions

Obtain customer feedback, building a portfolio of testimonials about levels of customer service and product benefits. This can be helpful in creating new marketing materials or during sales presentations.

By Tony Parinello

Continue Reading
Click to comment
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Archive

John Mahfood “I Listed on the JSE to Raise Capital for My Business”

Published

on

Continue Reading

Archive

JSE Online Trading Platform

Published

on

Continue Reading

Archive

Grace Stockholders To Vote On 3-for-1 Stock Split Today

Published

on

Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

Continue Reading

Archive

UK Loses S&P Triple A Rating

Published

on

The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

Continue Reading

Archive

Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

Published

on

Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

Continue Reading

Trending

0
Would love your thoughts, please comment.x
()
x