The term “sales management” in the present business scenario, is the direction or supervision of salesmen and also includes other aspects of management
Slides Outline:
1. Understand Sales Leadership and Management.
2. Smoothly transition from Sales Executives to Sales Managers
3. Motivate, train and Coach Sales staff
4. Develop comprehensive Sales Plan
5. Effectively Communicate with Sales Staff
6. Build and maintain quality pipelines for higher production
7. Manage Personal and Sales Team Time effectively
2. OBJECTIVES
The participants should be able to;
1.Understand Sales Leadership and Management
2.Smoothly transition from Sales Executives to Sales Managers
3.Motivate, train and Coach Sales staff
4.Develop comprehensive Sales Plan
5.Effectively Communicate with Sales Staff
6.Build and maintain quality pipelines for higher production
7.Manage Personal and Sales Team Time effectively
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5. SALESMANAGEMENT
The term “sales management” in the
present business scenario, is the direction
or supervision of salesmen and also
includes other aspects of management also,
such as planning, direction, control of
personnel selling, including recruiting,
selecting, equipping, supervising, paying
and motivating, etc.
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7. SALESMANAGEMENTvsSALESLEADERSHIP
Sales Management Sales Leadership
1 Implements directions from above; is generally
in reactive mode.
Generates new ideas and directions; is
generally in pro-active mode.
2 Directs salespeople and enlists their
cooperation.
Motivates and inspires people to achieve goals.
3 Focuses on short-term day-to-day results. Focuses on long-term vision.
4 Helps salespeople cope with change. Helps salespeople initiate change.
5 Improves salesperson’s skills. Improves salesperson’s attitudes and
motivations.
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8. OBJECTIVESOFSLM
3 General SML Objectives are;
a. Driving Sales Volume
b. Contributing to Profits
c. Continuing Growth
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9. OTHERTYPESOFSLMOBJECTIVES
QUANTITATIVEOBJECTIVES(SHORT-TERM)
To retain and capture market share.
To determine sales volume in ways
that contributes to profitability.
To obtain new accounts of given
types.
To keep expenses within specified
limits.
To secure targeted percentage of
certain accounts of business.
QUALITATIVEOBJECTIVES(LONG-TERM)
To service existing accounts,
(customers).
To assist the agents in selling the product
line.
To provide technical advice wherever
necessary.
To collect and report market
information
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13. MOVINGFROM“SELLING”TO“MANAGING”
SALES EXECUTIVES SKILLS
Communication and interpersonal
skills
A mastery of the sales process
Fundamental business competency
A solid understanding of the industry
and marketplace
SALES MANAGERS SKILLS
Critical management, communication,
and team-building skills
The ability to lead into the future
An in-depth understanding of forces
that impact the sales strategy
Building and managing accounts and
channels of distribution
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14. UNDERSTANDINGTHECURRENTSALESCULTURE
It relates to the overall feeling that one gets when working in an industry, company,
and department.
When there is more overlap, there is a
greater chance of success.
It is important to relate your
department to the overall company.
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THE ENTIRE INDUSTRY
THE COMPANY
THE DEPARTMENT
16. BEINGONTWOTEAMSATONCE
Sales Managers are now team
players on the management team
and team leaders of the sales
team.
Sales managers have access to
more information.
Sales managers need to manage
the flow of information.
You are now in a better place to
influence many decisions.
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17. EMBRACINGCHANGE
FACTS
Change is inevitable
Change faces Resistance
Sales managers need to cope with change
The two main areas to think about when change
occurs are:
How might it affect you?
How might it affect your team?
COPING WITH CHANGE
Limit your stress about the change
Work with it, not against it
Have confidence in yourself.
Be a creative thinker.
Ask questions.
Map out your own plan to deal with the change
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20. WHYMOTIVATE?
Increased creativity;
Working harder;
Increased use of win–win
negotiation tactics;
Higher self-esteem;
Working smarter and a more
adaptive selling approach;
A more relaxed attitude and a
less negative emotional tone;
Enhancement of relationships.
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25. THETRAININGPROGRAM
COMPONENTS
The company – objectives, policies
and organization.
Its products.
Its competitors and their products.
Selling procedure and techniques.
Work organization and report
preparation.
Relationship management
METHODS OF TRAINING
The lecture
Films
Role playing
Case studies
In-the-field training
e-learning
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26. COACHINGYOURTEAM
You won’t grow your business if
you don’t grow your people
Sales coaching is proven to drive
up sales performance
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29. SALESPLANNING
WHAT IS IT?
Sales Planning is the process of
organizing activities that are
mandatory to achieve business goals.
A sales plan is a strategic document
that figures out your business targets
and several resources.
IMPORTANCE OF PLANNING
Setting objectives
Identifying priorities
Recognizing key result areas
Developing strategies and tactics
Monitoring results.
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30. STAGESINTHEPLANNINGPROCESS
Developing a corporate plan
Set objectives for each target
market
Developing specific strategies to
achieve objectives
Developing market sales and
profit forecasts
Making specific programs
(tactics and plans) to achieve
objectives
Developing controls to monitor
results
Taking corrective action where
deviations from plans occur.
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36. COMMUNICATING EFFECTIVELY WITH SALES TEAM
Good communications are a major
source of motivation within a sales
team.
Bad communications are a major
source of complaint.
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37. WHAT TO COMMUNICATE
Essential Information
Product information, prices,
promotions
Instructions on administrative
procedures
Information of key account product
approvals and promotional activity etc.
Monthly performance feedback
Optional Information
Adds to the salesperson’s
understanding of the company
Improves the salesperson’s
understanding of the market place
Provides a source of training and
personal development
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38. HOW TO COMMUNICATE
Empathetic Communication
Assertive Communication Style
Aggressive Communication Style
Passive-aggressive Communication
Style
Submissive Communication Style
Manipulative Communication Style
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39. THE IDEAL COMMUNICATION MODEL
Common communication media are:
Face-to-face meetings
Computers (direct computer links or
via modems using telephone lines,
etc.)
Telephones
Telephonic data transmission services
(FAX)
Audio or video tapes.
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40. HOW TO STRUCTURE SALES BULLETINS
Group items with a common purpose together in a section
Clearly identify the sections
Prioritize items for action within each section
Give clear guidelines on when action should be taken or submitted
Provide an overview summary of main activity
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41. AUDIO, VISUAL AND OTHER INTERACTIVE
COMMUNICATIONS
Interest, and involvement and motivation, higher within sales teams
Communication through new technology platforms is real time
This greatly reduces the need for paperwork
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42. COMMUNICATION BY SALES TEAM
Sales meetings are usually organized periodically, often monthly, amongst a
group of salespersons with common interests or issues to address.
Sales conferences normally draw together all the various sections of the sales
and marketing team, at a national gathering, often only once per year.
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44. MANAGING THE SALES PIPELINE
Pipeline Management is
“The management and assessment of
all sales opportunities as they
progress through a multi-step sales
cycle to a successful close.”
A pipeline (or sales funnel) consists of
a) multiple action steps that lead to the
successful closing
b) accounts within each step of the sales
cycle
c) forecasts for each account with
expected close dates.
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45. PIPELINE PERSPECTIVES
Sales pipeline metrics are a key performance indicator
Sales pipeline metrics determine the health and viability of business
The process of building a sales pipeline is often referred to as “lead generation.”
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46. PIPELINE METRICS
The following metrics are important to successful pipeline management:
Conversion ratios from step-to-step
Overall funnel conversion rate
Number of days spent within each step
Overall length of sales cycle
Average deal size within each step
Other Metrics
Pipeline trends
Pipeline grading
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48. IMPLEMENTING YOUR PIPELINE
1. Define Your Sales Process
2. Define your Action Items
3. Define the Model Funnel
1. Measure Actual Pipeline vs. Model
Funnel
2. Define the Pipeline Reporting
Structure
3. Communicate the Pipeline Reports
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50. ROLE OF TIME IN SALES
Time plays a key role by helping sales managers
Determine effectiveness of a sales person
Time is needed in executing of sales duties
Prospects and their circumstances complicate your relationship
Time is essential to the core of sales jobs
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51. COMMON SALES TIME DISTRACTIONS
Internal Meetings
Helping other sales reps
“Can you take care of this for me”
request
Responding to under-qualified
inquiries
Supporting or advocating for existing
customers
Reviewing and responding to emails
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52. ENSURING SALES TEAM MAXIMISE THEIR
TIME
Set aside dedicated time for some of these activities
Other activities that can be handled by other staff
Define guidelines for addressing those other issues
Move those issues quickly to other team members of the
organisation
Escalate up to sales management
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53. STEPS TO EFFECTIVELY MANAGING YOUR
TIME AS A SALES PERSON
1. Make your calendar fit your schedule
2. Align your schedule with your quota
3. Stop being “always available”
4. Plan backward, not just forward
5. Find a system and stick with it
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