Why a Winning Sales Strategy Matters
Strategic sales clarity accounts for 31% of the difference between high and low performing sales teams. A winning sales strategy clearly outlines:
Where Do You Begin?
When it comes to a winning sales strategy, our clients work most effectively when they begin by answering six very basic sales strategy questions. They take the time to work through each of the following questions and actively involve stakeholders across the organization.
Six Questions For a Winning Sales Strategy
The better you can agree upon and zero in on clear, succinct answers, the easier it will then be to create a winning sales strategy.
1. Who Are Your Ideal Target Clients?
Those new to sales are undiscriminating…they are eager for interest from any client regardless of how likely they are to buy or value what you have to offer. Too many sales teams try to sell in too many directions at once. Research shows, however, that a blurred vision of target clients wastes time and resources and inhibits your ability to close more deals.
Take a close look at your best customers. Define them by industry, organization size, role in the company, need for what you offer and ability to buy. The narrower the focus, the better able you are to deliver the solution that will bring them differentiated value.
Define who needs you the most and who would benefit most from what you have to sell. Then disproportionately sell and market to them.
2. Where Will You Find These Customers?
Once you have identified the clients where you should win the majority of the time, you need to make sure that the total available market (TAM) is large enough for you to meet your growth goals. If the TAM is big enough, analyze your market so you know where and how best to contact your target clients to be set up to win.
3. What Is Your Unique Value Proposition?
Now that you know who you want to sell to, you must be clear about offering something unique that resonates with your target clients. Most companies differentiate themselves through cost, quality, speed, a specific niche or scale.
Focus on what sets you apart from your competition in the eyes of your target clients in a way that drives premium pricing, shrinks the sales cycle and increases win rates?
4. What Is Your Ideal Customer Relationship?
Think through the kinds of client relationships that have resulted in smooth and relatively easy selling. Figure out how you built those relationships and what mattered most to them personally and professionally. Identify how much time it took to earn their trust and what it took to continue sustain their loyalty.
Then create a plan to nurture and support clients to ignite growth.
5. What Are The Few Sales Scenarios That Matter Most?
Not all sales situations are created equal. For some sales situations, your sales force can be average and have little impact on revenue growth or customer retention. But other sales situations, usually early and late in the sales process, have a disproportionate impact on whether you will beat your competition.
Identify the top sales situations that matter most, and design and deliver sales training to ensure your sales team is exceptional in those situations.
6. Are You On The Right Track?
Establish high performance sales metrics that track both success and failure so you know how you and your team are doing at the individual, team and corporate levels. Effective high performance sales success metrics are clear, relevant, meaningful, fair, consistent, accurate, trusted, timely, transparent, controllable and challenging.
The Bottom Line
A winning sales strategy aligns with the overall corporate strategy and has high levels of clarity and agreement regarding ideal target clients, unique value propositions, success metrics, and activities correlated to superior sales performance.
To learn more about creating a winning sales strategy, download 7 Ways to Stress Test Your Sales Strategy
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