Ten Point Plan For Increasing Sales
Ten Point Plan For Increasing Sales
Ten Point Plan For Increasing Sales
Increasing Sales
Lead times
Our definition of lead times is the average time between a first contact being made by a
salesperson and an order being placed by the customer. Given that some customers buy
quite soon after the first contact, while it could take months or even years to sign up
another the average lead time is probably several months.
What this means is that effort we put in today will pay off some time in the future. The
problem is that many sales managers have a short term view and this can encourage bad
habits in the sales team.
Targets
All salespeople should be targeted, both on the effort they put in and the results they
achieve. They should have very clear objectives and a mix of short, medium and long
term goals. Their results will come from existing customers and new customers.
Depending on what you sell, the proportion of sales from these 2 sources will vary. In our
business 75% of our revenue comes from new customers and 25% from existing. This is
why we focus the majority of our sales effort on finding new customers, while making sure
we don’t lose contact with the existing ones.
This plan is designed to focus the team on generating new customers and begins with the
sales manager setting some objectives for the team.
Point 1. Objectives
Work out your objectives for the team. Decide the overall objective. How many new
accounts and what profile of account are you looking for? Don’t just set a number. We
want quality, not just quantity.
Specific – Objectives should specify what you want to achieve Measurable – You should
be able to measure your objectives Achievable - Are the objectives you set, achievable
and attainable?
Realistic – Can you realistically achieve the objectives with the resources you have and in
So, an example of a SMART objective could be: To sign up 30 independent retailers with
a turnover of more than £250,000 within 3 months beginning 1st July.
This is better than: To open as many new accounts as possible, which is not
SMART.
Get the team together and announce your objectives. Break down the target to individuals
in the team, making sure each individual target reflects the potential on each area and the
skill of the salesperson.
Announce that each team member has to produce a personal sales plan for achieving
his, or her new business target. This will be a plan of action for the period.
Resources. The resources I currently have that will help me achieve my objectives
Activity Analysis. What are my activity targets? How many phone calls and visits will I
need to make to hit target?
Resources Requirements. Are there other resources I will need? For example a
marketing budget, a database etc.
Team members present their plans. This is important because it gives a public
commitment to their plan and an opportunity for the manager and the team to give
feedback.
Train the team. Are there skills they need to learn or to practise that will help them
achieve their objectives? These could be things like appointment booking, presentation
skills, objection handling, negotiation, closing and so on. Give the team all the resources
they need to be successful.
Implement the plans. Agree how regularly you will need to review progress, both to
individuals and to the team as a whole.
Point 8. Coach
Re-target as required and give individual coaching to team members. Check they are
achieving both their activity target as well as results.
Point 9. Feedback
Give feedback both to individuals and to the team on their success. Announce individual
successes and communicate good ideas that have brought results. Share best practice
with the team.
Reward success. Have individual and team rewards. Salespeople have very strong
achievement and recognition needs. Achieving target and being given recognition for it
will motivate team members.
This process works and is highly motivational for the team. The important point is that
team members produce their own plans and the manager’s role is to ensure the team
achieves the objectives that have been set.