Deliverables
This section assumes that a Sales Stategy and an appropriate Sales Team already exists. It will focus on customer acquisition and specifically New Breakthrough Major Accounts.
They are called Breakthrough because:
The Deliverables are as follows:
Method
Value & Process
Winning major accounts starts with a solid Value Proposition that is understood and agreed by the customer.
This is most powerful when backed up by existing relevant Positive References.
Territory plans are used to focus on the best potential Accounts.
Account and Opportunity Plans enable the best use of company resources to
create the most effective solution.
A tailored Sales Process enables effective selling of complex service solutions. It combines leadership, teamwork, good
communication to deliver optimum effectiveness and efficiency. This section assumes that the processes
and systems described in the New Sales Team section are in place.
The following principles will be used with the Sales Process:- areas:
People
Develop Relationships
The objective is to to build trust, build solid relationships and eventually become a trusted advisor. Relationships are easier to create and build if clear value can be offered and delivered. This requires diligence, professionalism, fanatical preparation and attention to detail. Trust is difficult to build and can be very easy to break with one mistake or one missed promise.
Key Players
Manage
The Key Players in the buying team comprise:
These players are involved at different stages of the buying process. Their concerns change over time.
Communicating with these players is determined by the stage of the buying process and the concern level at the time.For instance with the executive the following communication is envisaged:
Qualification
Focus
Sales people must strive to get in first and control the sale. That enables the competitive strategy that is most likely to achieve success. This requires finding buyers that are often not currently looking, stimulating their interest and then being the one that the rest are compared to. Qualification requires a lot of effort and in the ideal sale comprises 80% of the effort. The more effort spent in qualification, the less is necessary in proposing and closing. Some preliminary principles:-
Key principles in qualification:-
Competitive Strategy
Choose Right
The messaging must be tailored to the market segment being addressed. Early market messages will focus on the product technology differentiators whereas the mainstream market messages will focus on business solution differentiators and reference stories. The opportunity strategy is driven by how early the opportunity is entered, company resources and current product status.
Active Strategies are split into Lead and Fallback strategies in order of preference:-
Negotiate & Close
Key Principles
Negotiate & Close
Value
Key to effective negotiation and close is the presentation of value. This must be in a language and format agreed and understood by the customer. It must hit all the key requirements of the customer such as ROI, pain removed, benefits delivered, time scales and responsibilities.