The components of a successful sales performance management system include first of all having well defined revenue plans and revenue and margin objectives. Often times Cheap Utah Jazz Jerseys , this includes having bookings objectives for your individual sales people. Having well defined sales territories relating to those targets. And of course, having a strong, well documented plan Cheap Jazz Jerseys , in terms of who your target markets and customers are within your territories.
In addition to having a revenue plan, other components of the sales performance management system include a job description that is expectation based where the outcomes are clearly defined are very important in terms of overall requirements for success in the job.
The next component of successful sales performance management system is actually having individual revenue margin and booking objectives for each of your people. Typically, this is done an annualize basis with your people going through a planning cycle once you聮ve defined your overall company聮s revenue plans. You should put together targets Wholesale Trey Lyles Jersey , annual revenue and bookings goals for each of your salespeople that are tied to that overall revenue plan. And often times you聮ll be doing a measuring and monitoring of performance relative to those actual revenue goals systematically on a monthly or quarterly basis in addition to that.
The next element of a successful sales performance management system is having an annual territory plan that your salespeople are working towards. This territory plan should be developed in concert with sales management in your sales people and it should list not only your major objects but also key accounts that you聮re targeting, the strategies to get into those accounts, should probably have a section about both new business development as well as account maintenance or account management and also have a section related to actual channel management strategies that your sales people are going to be carrying out. This is a once page document that can be put together in a template and passed out to your sales people and used as a tool for them to conduct annual sales planning.
Again Wholesale Boris Diaw Jersey , having a plan in place allows you to use that plan as a tool for measuring and monitoring performance against that plan and having ongoing discussions with your sales people related to how they聮re progressing against the objectives and the overall plan that they聮ve set at the outset of the year.
The next element of a successful sales performance management system has nothing to do with actual goals objectives or plans, but everything to do with sales management聮s role in working with individuals on the sales team. This is the most critical element. Sales people are only as good as they are being managed by sales management. A lot of companies expect sales people to be left at their own devices, but just like any other team Wholesale Gordon Hayward Jersey , sales people need to be managed and the foundation for that, of course, is having somebody in place in your sales management function who is willing to work closely with their people.
The role of sales management in developing and using a sales performance management system is probably most principally based upon the notion of sales management working closely with sales team members on an on going basis and establishing a relationship of trust Wholesale George Hill Jersey , confidence, and mentorship. And that relationship built between sales management and its team is fundamental to empowering sales people to be successful in their jobs.
The role of sales management is to track sales activity and measure and monitor performance and to coach sales people to success. Tracking activity can be done very easily when your company has a successful CRM implementation. We use to develop customized dashboards that give management a quick snapshot of each of their sales people聮s activity in terms of amount of prospecting, amount of actual account qualification and actually being able to measure and track the activity of the sales people as it relates to moving deals through the actual sales process towards close.
Measuring and monitoring performance isn聮t just about really tracking activity but in a deeper sense Wholesale Ricky Rubio Jersey , getting behind the activity to understand what it is that聮s working and what聮s not working with each sales person聮s territory. A good example of that is working with accounts. Is the sales person doing a good job of mapping out an actual customer prospect, in terms of people, decision makers Wholesale Donovan Mitchell Jersey , influencers and decision making processa and then working hard in order to touch all the bases to develop and advance the sale with all of the different constituents inside a specific account. This is where sales management needs to work deeply to measure and monitor sales performance and this is not a trivial task. It requires active engagement from sales management in order to do this.