Professional Documents
Culture Documents
What Is Sales Management
What Is Sales Management
Personal Customer
Firm Sales
Sales
Managers
Representatives
Value
Sales Management
Personal Customer
Firm Sales
Sales
Managers
Representatives
Value
Sales Management
Personal
Sales
Sales
Managers
Representatives
Sales
Revenues
Profits
Market Share
Controlling internal costs
Sales Management
Personal
Sales
Sales
Managers
Representatives
Overview
Sales
Environment
Supervising Planning
Personal
Sales Sales Reps
Managers
Motivating
Recruiting
Training
Training
Industrial Revolution
Relational Approach
Chain of command
Ethical Issues
Creating ethical corporate structures
Relationships with customers
Relationships with competitors
Relationships with the firm
Relationships with society
Ethnic composition
Religious orientation
Social class environment
Education
Gender bias
Differences in negotiating styles
Differences in decision making
Job status and company protocol
Social aspects
Perceptions of time
Personal relationships
(Source: Hite and Johnston)
Sales Environment
Future (L27)
Training
(Source: Futrell)
Planning
Automating the Sales Force (L13)
Hardware
Type of computers, printers, copiers, phones, etc.
Software
What type software does the sales force need?
Planning
Sales Forecasting (L14)
How do we forecast sales?
Sales force composite
Jury of executive opinion
Survey of buyer intentions
Trend projections
Moving averages
Exponential smoothing
Regression
Econometric models
Planning
Financial Planning for Sales (15)
Budgeting
Salespeople expenses
Administrative expenses
Other selling payroll
Other selling expenses
Communication expenses
Profit objectives
Break-even analysis
Controlling the budget
Selling the budget to top management
(Source: Hite and Johnston)
Planning
Quotas (L16)
Sales quota- the specific sales or profit objective a salesperson is expected to
achieve
(Source: Perreault and McCarthy)
Dollar sales
Unit volume
Margin
Selling effort
Product type
(Source: Kotler)
Other types of quotas
Expense quotas
Profit quotas
Activity quotas
(Source: Hite and Johnston)
Planning
Time and Territory Management (L17)
Optimum time must be spent with those prospects with the greatest
potential
Overview
Sales 1) Recruiting
Environment
2) Selecting
Supervising Planning
Personal
Sales Sales Reps
Managers
Motivating
Recruiting
Training
(Source: Futrell)
Recruiting
Recruiting (L18)
The sales manager should recruit individuals whose values and goals
match those of the firm
(Source: Hoffman et al)
Where do you find sales recruits
Other departments Recommendations Institutions
Professional associations Armed Forces Classifieds
Employment agencies Unsolicited applicants
Problems
Legal and ethical restrictions
Firm must maintain a good image
Must have a valid job description
Overview
Sales
Environment
Supervising Planning
Personal
Sales Sales Reps
Managers
Motivating
Recruiting
(Source: Futrell)
Training
Training (L20)
What is needed for a training program to work?
Provide a job description
Provide product knowledge
Provide company knowledge
Provide market knowledge
Selling techniques
Why train
Decreased turnover
Increased sales
Enhanced customer relationships
Decreased costs
(Source: Hite and Johnston)
Training
Developing (L21)
Overview
Sales
Environment
Supervising Planning
Personal
Sales Sales Reps
Managers
Motivating
Recruiting
1) Motivating
2) Compensating Training
3) Indirect Incentives
Awards
Special communications
Commission
Bonus
Combinations
Expenses allowances
Sales contests
Themes
Prizes
Advantages
Disadvantages
1) Leadership Overview
Sales
2) Supervision Environment
3) Evaluating
Supervising Planning
Personal
Sales Sales Reps
Managers
Motivating
Recruiting
Training
Supervision (L25)
Supervision- the actual oversee and directing of the day-to-day activities
of salespeople
(Source: Futrell)
Supervising
Evaluating (L26)
Motivating 3) Prospecting
Recruiting 4) Preapproach
5) Approach
6) Presentation
7) Objections
Training 8) Closing
9) Follow up
Identifying Needs
Approach (L7)
Presentation (L7)
Follow up
Types of Communication
Marketing