Proudly Pinoy - Planters Development Bank
Proudly Pinoy - Planters Development Bank
Proudly Pinoy - Planters Development Bank
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8<br />
SME.COMmunity.PHilippines<br />
Keep Your<br />
Sales Team Sharp<br />
<br />
Next to the product line, the underlying factor for business success is the<br />
ability to penetrate the market with a well-trained and aggressive sales team.<br />
Unfortunately, only a few manufacturing companies have such teams already<br />
in place. These crack teams are usually found among the multinationals and the larger<br />
well-established, all-Filipino firms.<br />
The chief frustration of many company owners concerns the ability of their<br />
sales force to meet the annual targets. Another serious issue is distress in<br />
sales areas because of the high turnover rate among sales personnel.<br />
Others owners are troubled by situations where the company is held<br />
hostage by the sales team. In these instances, it is the sales people who dictate the<br />
business targets of the company. And oftentimes, the sales team understates their<br />
targets, leading to large opportunity losses for the firm. Growing the potential of the<br />
sales areas through a business development program usually gets paid lip service in<br />
these companies and the sales people, being familiar with the buying habits of their<br />
accounts, are actually on the job only 15 days in the month.<br />
Here are some pointers that can help you overcome internal obstacles, sharpen<br />
your selling edge and get your company in fighting form.<br />
Map Out the Operating Area<br />
You need to do the basic work of counting<br />
the retail outlets where your products<br />
can be sold by channel type. You have to<br />
map out an area by street, by barangay or<br />
district in a micro condition. This allows<br />
you to see the big picture by region. The<br />
resulting business value of the area can<br />
thus be better estimated through a sales<br />
matrix which tells you where your supply<br />
gaps are in each channel and how large<br />
these gaps are.<br />
You now can slowly develop the<br />
game plan to cover all the outlets for a<br />
prescribed period of time, through sales<br />
blitzes done directly or through the local<br />
area wholesalers and distributors. The<br />
business value of the area can thus be<br />
better estimated from the sales matrix.<br />
The micro mapping effort then<br />
generates a national snapshot of the<br />
product’s true market potential. This is<br />
a tedious process, but once done, the<br />
database will be a valuable planning tool