Friday, 28 September 2007

Selling is not all BULL, it is a NUMBERS game!!!!!!!!


Something to think about in light of yesterdays post and the weekend post to come........enjoy and have a great weekend.

CLICK HERE

Thursday, 27 September 2007

WINNING IS UNDERSTANDING - THAT SELLING IS A NUMBERS GAME

Believe me or believe me not, SELLING IS A NUMBERS GAME.

EARNING $100,000 , £100,000 a year, and more are……………………… numbers.

All we have to do now is workout how to achieve them.

Now consider a Guerilla Army, and any other fighting force come to that .Do they look at the battlefield (sales territory) first and then decide the outcome or even worse guess what the outcome will be, NO they don’t. Therefore WHY SHOULD YOU?

They are driven, motivated, have the self-belief that they will WIN. They look at the battlefield, look at the terrain, and then plan and decide HOW THEY WILL DO IT.

So therefore all that stands in between you and your SIX FIGURE SALARY, is you, your territory and your ability to plan.

So there we are, your territory is your battlefield, your opportunity to earn ££££££££££,$$$$$$$$$$$$$

A Guerilla Army wins by controlling a battlefield by;

Knowing the terrain inside out
Does not fight all the battles at once
Defends what is vulnerable
Is selective where they first attack

Guess what, trust me on this, for you to earn ££££££££££,$$$$$$$$$$$$$, you need to;
Know the terrain inside out
Do not fight all the battles at once
Defendwhat is vulnerable
Be selective where you attack first


KNOWING THE TERRAIN INSIDE OUT – IT IS ALL IN THE NUMBERS

To achieve your goal, hopefully, £££££££££££, $$$$$$$$$$$$$$$$$.
You must understand what makes up your territory.

Why?

Well here is why, the outcome of the battle, must be victory and in your case , let us say it is a number and that number is $100,000 or £100,000 pounds, and you have 100 of energy – remember the 100 of energy !!!!

REMINDER - That 100 of energy must be focussed on where you can sell, but if you do not know your territory, who and where are you going to sell!!!!!!!!


The following numbers are real for the industry I am in but the methodogy applies anywhere, from Real Estate, Automobiles,Cell Phones to pens and paper and everything else that is sold, face to face, by telephone , over the net, B2B or B2C .

I have personally managed in excess of 150 salespeople in my dim and distant past, my sales managers have used this methodolgy with their salespeople - and guess what ???

They all became winners.


Now let us assume you are paid against Gross Profit, at a percentage of 25% of Gross Profit attained.

Let us assume your basic wage is £($)25,000.

The shortfall between your basic pay and $100,000 = $100,000 - £25,000 = $75,000

So, now we have to sell $75,000 of 25% GP = $300,000 of sold GP.

Assume that every unit you sell provides $2,000 of GP.

Therefore to earn our $100,000 we need to sell $300,000 / $2,000 units = 150 units

There are 52 weeks in a year, let’s say 50 (bank and public holidays), therefore that is a very, very small task of…… only 3 units per week = $100,000 PER YEAR

Q. But wait you say where do I get 3 units a week from ??????

A. KNOW YOUR TERRITORY, KNOW YOUR TERRAIN, KNOW WHO AND WHERE TO SELL TO …………………………………………………………… ALL WILL BECOME CRYSTAL CLEAR IN THE NEXT EXCITING EPISODE OF GUERILLA SELLING !!!!!!!!!!!!!!!!!!!!!!!

Monday, 24 September 2007

FOOD FOR THOUGHT

Sorry but long, long day.

Found this interesting article that hopefully will;

  • give some food for thought
  • a basis for our methodolgy of managing YOUR territory

    Sales Territory Management - How to Prioritize Your Activities
    to Produce Maximum Results
    By Alan
    Rigg


    How you prioritize your sales territory management activities
    depends upon whether you are managing a territory that has
    existing customers
    , or whether you are building your
    customer base from scratch
    .


    If you manage a territory that has existing customers, your
    first priority should be to introduce yourself to every single
    one
    of your customers. This should be a pleasant, low-key
    introduction along the lines of, "I just wanted to introduce myself and
    see if there is anything I can do to help you." Then, as you are
    chatting with your customers, you can ask, "Would you mind sharing with
    me how you think my company's relationship with you has been going so
    far? What have we been doing well? Where could we improve?"


    Collecting this kind of feedback is a great way to start
    relationships with customers. It also helps you draw any
    festering problems out into the open
    . If you can address the
    problems quickly, it can really jump-start your relationships with the
    affected customers.


    This same approach can also be effective for customers that
    have been reducing their purchases from your company over time, or
    customers that have stopped ordering completely. It is never much fun
    to listen to people complain. But, if you can isolate and solve the
    problems that are causing the dissatisfaction, you can produce
    a rapid and substantial boost in sales
    .


    If you find customers that are really happy with the service
    your company has provided, drill down (with more questions) to
    determine just what has made them so happy. Their
    answers will provide you with a template for
    successfully managing their (and other) accounts. Also, ask these happy
    customers for referrals…regardless of whether you
    have contributed in any way to their happiness! Happy, satisfied
    customers are usually delighted to share their positive experience with
    others.


    Once you have met all of your existing customers, the next
    step is to identify target prospects in your
    territory
    . Start by checking with your manager. If they have
    been managing your sales team for any period of time, they should be
    able to suggest some good target prospects.


    Once you have compiled a list of target prospects, determine
    which ones you will pursue first. Which target prospects have
    the greatest potential to purchase the largest amounts of
    products and services
    ? Which ones are likely to be
    "quick closes"? If you have both types of target
    prospects on your list, pursue several of each type at the same time.
    In the words of a well-respected executive that I used to work with,
    "Elephant hunting is great…but those rabbits sure taste good
    in between the elephants!"


    When you are ready to begin pursuing your target prospects,
    start by asking your existing customers whether they know anyone that
    works in the target organizations. If they do, ask for
    referrals. Once you have exhausted available
    referrals, proceed with the other activities in your prospecting plan -
    but tailor these activities to attract the attention of your target
    prospects.


    Conclusion


    Effective sales territory management begins with touching base
    with every single one of your existing customers.
    Ask questions to gauge their satisfaction with their relationship with
    your company. If they identify any problems, work aggressively to solve
    these problems as your first priority.


    If a customer expresses happiness and satisfaction, ask
    questions to determine what your company has been doing
    right
    . Use this information to create a
    template for managing all of your accounts. Also be
    sure to ask for referrals, both in general and to
    specific target accounts. Exhaust these referrals before you begin the
    other (less productive) activities in your prospecting plan.


    Prioritize your activities as described in this article, and
    you will maximize sales growth in your territory!


    Copyright 2005 -- Alan Rigg


    Sales performance expert Alan Rigg is the author of
    How to Beat the 80/20 Rule in Selling: Why Most
    Salespeople Don't Perform and What to Do About
    It
    . His company, 80/20 Sales Performance,
    helps business owners, executives, and managers
    DOUBLE sales by implementing The Right
    Formula™ for building top-performing sales teams. For more information
    and more FREE sales and sales management
    tips, visit http://www.8020salesperformance.com/.


    Article Source: http://EzineArticles.com/?expert=Alan_Rigg
    http://EzineArticles.com/?Sales-Territory-Management---How-to-Prioritize-Your-Activities-to-Produce-Maximum-Results&id=44188