Sales Strategy - The Route to Revenue
What is a sales strategy? Well, in the simplest terms, it is a guide to how you intend to increase the sales of your product or services and what methods and tools you will use to make that happen.
I’ve known Julie for over 4 years now and she is very inspiration person, who is highly skilled in the art of sales, development, training, coaching & management.
I recently attended Julie's Generating Sales through LinkedIn course and would highly recommend it to others who would like to use LinkedIn effectively for the lead generation. The training was suitable for all levels - beginners through to the senior management level.
I’ve also attended other workshops with Julie in the past such as the art of Negotiation, how to monitor and manage your sales pipeline, maximise your customer meetings and presenting yourself on phone and I walked out with so much knowledge and implemented most of it in my business straightaway. Thanks Julie for all the support you’ve given to me as a person and to Web Alliance, much appreciated and I can recommend you to anyone who would love their business and grow with it.
Ashish Kumar – Managing Director – Web Alliance LtdThis is an accurate description, but it is missing some important details and it doesn’t really tell you just how important a good sales strategy is. A sales strategy actually is:
- A blueprint for the success of your business
- A guide that will make you more profitable
- The plan that makes helps your salespeople skyrocket sales
- Achievement in written form - it is the document that defines success
- A sales strategy is more than just a once a year ‘finger in the air’ paperwork exercise and it should be informed by more than the numbers. A good sales strategy is central to your success
Why focus on a good sales strategy?
There is nothing sadder than a sales strategy that has never been implemented. It means that your salespeople and management have been marching to their own beat and that often means not being in sync with the wider company needs. This happens for several reasons but, right at top of the list, is that the strategy itself didn’t hit the mark in the first place. Salespeople love to sell so, if they are not implementing a sales strategy that is there to help them do just that, it should be raising a big red warning flag. In short, if your sales strategy doesn’t work, then your sales team is probably lost and acting outside the company goals, which means they will most likely be struggling to hit targets or fully understand their role. That can lead to unhappy teams, high turnover of staff, and of course, missed opportunities and lost revenue.
Why focus on a good sales strategy? Because without one you are not focussed on sales and that is a situation you never want to be in.
What we can do to help you create a sales strategy
The first thing to remember when you are working on a strategic document like a sale strategy is that there is no such thing as generic. While there are proven techniques and methods to help define a strategy for your sales, they need to be applied to your unique situation. When I sit down with clients, I define the parameters of your market and your business. I need to know what it is you need to achieve so we can find how to meet and exceed that. I need to understand you, your sales team, your world, and what all that means for the strategy. I need to understand the unique ‘you’ of your business. Only then can we work together to create something that will, among other things:
- Use past sales data to inform your current aims
- Define the right customers and markets that will give you the best results
- Identify and address key weaknesses and strengths in your offer and team
- Work with your unique selling proposition to develop a stronger message
- Map out a time specific strategy
- Create working, useable, targets that will create realistic goals for your sales team
I have worked on sales strategies for businesses around the UK and in all kinds of sectors and one thing I can promise you is this:
No business ever lost sales by having a good strategy, but many have by not having one or having one that isn’t right for them.
