5. Determine your reason for existence
Know your market/ opportunities
Market positioning
Perform a competitive analysis/positioning
6. Why do you do, What do you do ?
Vision/ Mission
Core purpose
What maket need are you satisfying
What value do you bring to your customer?
ROI (Return on investment)
TCO (Total cost of ownership)
Your message to the world
Develop your 30 sec pitch
Put it in a one page letter/mailer for the TG
7. Market Trends
Who has money to spend?
Why are they spending and on what projects?
Target Prospect Profile
Define your TG
By Industry
By Revenue
By Company Size
Value Proposition
What can you do for these targets?
Prospecting
Network, Online Research, Medias, Peer Group
Action
Research 10 prospects everyday
8. How will you position your Brand/ Product?
USPS
Differentiation
Price
Capabilities
9. Who is your competition?
SWOT analysis
What are their strength
What are their Weakness
You
Define your Strenght & Weakness
How are you different?
What makes you special
Why should customer come to you.
10. Determine Plan of action – Sales Execution
Target Prospect Profiles
Develop the List of Target Prospects
Match the Value Proposition with TP
Know your Competition
11. Describe the Ideal Target
Company Size/ Spending Potential
Psychographics- Buying Pattern
Revenue/ Employees
Target Decision Maker
Industry
Territory/ Geography
Money to Spend
Pain Point
12. Online research
Paid data base
Cold calling
Conferences
Advertisements- ATL/ BTL
Exhibitions
References
13. Sales
Demand Sales
Activity Awareness Engagemen Delivery
Generation Closure
t
First Call 10%
Introductory mail 20%
Follow up 30%
Meeting 40%
Requirements Gathering 50%
Pricing Discussions 60%
Negotiations 70%
Decision 80%
Purchase Order 82%
Project Time Lines 85%
Resource Allocation 85%
Project Execution 90%
Checks & Feedback 95%
Project Close 100%
14. 30 Second Pitch
One page mailer/ Letter introduction.
Telephone Script and Q & A
Marketing Material
Differentiate Yourself
15. Prospecting
Focus on Right Prospects
Generate Interest
Volume – Word of Mouth
16. Clean, Concise Sales Presentation
Goal Oriented Sales Meeting
Always leave the door open
Concrete next steps/ activities
Closure- Ask for Purchase Order
17. Goal is Sales/ Customer signed purchase order
Get customer to commit by signing something
18. Be Accurate in delivery expectations
Tell them, what you re going to do, Do it, tell them
what you did.
Deliver 100% expectations
Successful Delivery = Repeat Business
19. Awareness
The more hands you shake the more deals you crack.
Demand Generation
The more pipeline prospects you create, the higher sales
engagement chances you get.
Sales Engagement
The more sales engagements you make, the higher your
chance of closing new customers.
Sales Closure
The More Sales you make… $$$$
Delivery
The more times you work with customers and deliver on
satisfaction, the more new opportunities you generate
Rule of Thumb
The 100 targets should generate 10 sales engagements.
10 sales engagements should generate 2 sales.