Tag Archive | Organic Growth

How to Get a Faster ROI from Your New Sales Person

You just started a new sales person after your last sales person walked out the door only after 6 months.  You ordered new business cards, set up an email address, put together some sales figures, printed a customer list, and gave them a stack of brochures.  They should be set to go, right?  This is the most common scenario for any company that has a high turnover in their sales teams.  In fact, it was the way I was on-boarded as several companies earlier in my career.

Most companies do not have the proper systems and processes in place for on-boarding new sales people and without them, the sales person is set up for failure from the beginning. What does it take to set the new sales person up for success?  I call it the 4-P’s and it is everything that should be given to a new sales person to hit the streets faster and produce an ROI for your company.

Position: How thorough is the job description?  Have all of the expectations been communicated? Are their support people in place? Have goals been set?  Does the sales person understand what their role is in the achievement of those goals?  Without a clear understanding of the sales position, the opportunity for misunderstanding of role and expectations can lead to frustration and lack of results.

Products: Has the new sales person been trained on your product or service and fully understand the value it can deliver to your customers?  Do they know the pricing?  Do they know your entire portfolio? Do you have technical expertise that can support the sales person? Are your marketing materials current?  The failure to properly train and even cross train your new sales person will destroy your credibility with customers.

People:  Who are the people that you want to deliver your product and service to? Do you know what an ideal customer looks like? Do your marketing materials speak to your target market?  Do you know your competition?  Do you know your differentiators?  Do you know how your customers buy?  The failure to understand your market will not develop a clear marketing and selling plan to follow.

Processes: What metrics do you have in place to measure success?  Is your CRM in place and the use of it mandated?  Can you document your customer buying process and what roles are responsible for the various stages and touch points?  Do you have support people for order entry, shipping, billing, and servicing so your sales person can stay in front of customers and new opportunities?  The failure to have proper support in place for customers will make your sales person get involved with non-selling activities and you will only get 20% of the selling effort you need.

To get a faster ROI out of your sales person, you need to take away any potential for misunderstanding, not knowing expectations, ruining you credibility, and not being able to measure success.  For help developing your 4-P’s, please contact us at SalesTechnik

4 Critical Questions to Answer for a Fast Marketing ROI

Your marketing funds are decreasing, your usual marketing efforts are producing fewer sales, your marketing message has not changed in years, and your client base is shrinking.  You need a marketing makeover that will produce results quickly.

A quick exercise with your executive team can produce fast results by answering four questions about your business.

  • Who are your ideal clients?
  • What do they want?
  • How do they buy?
  • How do they want to be communicated with?

Answer these four critical questions and you will be able spend your marketing funds more efficiently and realize a higher return on your marketing investment because you are reaching your targeted audience with a specific value proposition that will call them to action.

Every Company has Low Hanging Fruit

The question “How do we grow sales quickly?” is asked in every business on a weekly basis.  The easy answer for us is that you would not have to ask that question if your sales function was doing three simple activities on a regular basis.

Asking for additional business from existing clients

When was the last time you met with your top clients to review the current business you were doing with them, showed them what else you could do for them better than others, and asked what they were planning that you might be able to help them with?

Asking for referrals from existing clients

Your clients have stayed with you for a reason.  When was the last time you asked them who they knew in the industry that you could help as well and who else they do business with where you might be a fit?

Asking for new business from other “ideal” future clients

Can you identify your best clients and why you have been able to be a partner with them?  Take your success and replicate it by producing a marketing piece about why people do business with you and send it to other “ideal” prospects with a call to action about engaging you.

These simple activities are often overlooked because businesses get caught up in their business and do not focus on them.  Make these activities part of your regular sales meetings and their will be no need to have conversations about how you can grow sales quickly.