Ten point plan for increasing sales
All sales teams at some point need a boost. When times are good and results are coming in there is less of an incentive for sales managers to demand extra effort. So lets put together a 10 point plan designed to improve sales within the business, in any department.
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 60% of our revenue comes from new customers and 40% from existing, give or take. 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. In our industry much is left to chance and many use the Hope System of selling, I hope I get a result this month!
Ten point plan.
Point 1. Objectives
Work out your objectives for the team. Decide the overall objective. How many new sales do we need and what profile of customer are we looking for, get clear, specific and detailed. are you looking for? Don’t just set a number. We want quality, not just quantity. So make your objectives smart:
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 and time available?
Time bound – When do you want to achieve the set objectives?
So, an example of a SMART objective could be: To sell 30 new Suzuki Swifts by the end of the month at £1000 per unit profit, to conquest customers. Set a goal for every model and every profit centre within the business.This is better than: To sell as many new cars as possible, which is not SMART.
Point 2. Announce the objectives
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 person Involved
Point 3. Personal sales plans
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. Typically the plan should be written down and include:
1. Sales Objectives. What I want to achieve
2. Analysis of sales strategy. How I intend to achieve it
3. Resources. The resources I currently have that will help me achieve my objectives
4. Market Analysis. Where is the potential in the market place?
5. Product Range. What products am I promoting?
6. Activity Analysis. What are my activity targets? How many phone calls and visits will I need to make to hit target?
7. Training Plan. Have I got the right skills to do the job?
8. Resources Requirements. Are there other resources I will need? For example a marketing budget, a database etc.
Point 4. Present plans
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
Point 5. Train the team
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 successfull
Point 6. Implement plans
Implement the plans. Agree how regularly you will need to review progress, both to individuals and to the team as a whole.
Point 7. Record and announce results
Record the results daily and announce progress regularly.
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.
Point 10. Reward and praise
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.
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