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I'm reading the book ‘Who'. No, the author is not Dr. Seuss it is Geoff Smart and Randy Street of ‘Topgrading' fame and fortune. The book is about prospecting, evaluating, assessing, interviewing and selecting the right candidate for the job. The job could be sales, management, finance, or operations; it doesn't matter. As Jim Collins states in his book ‘Good to Great', "it is about getting the right people on the bus and in the right seats." I'm thinking the same thing applies to you and your sales business. You need a sales scorecard.
The best way to upgrade your client is to have a preferred customer or client base. In banking, they identify segments such as business banking, middle market, retail and private banking, just to name a couple. Why wouldn't this make sense in all sales? The short answer is that it does. I was with a group yesterday, Melink, a company that specializes in helping companies and entities build or retro build ‘green buildings'. They have sales people that specialize in specific market segments.
If your company doesn't look at marketing and sales that way, it doesn't mean that you can't. You should have a scorecard of sorts to make sure that the people you are getting introduced to fit the mold of the ‘perfect client' for you. When you work with your ‘perfect client', you provide greater value because you are more familiar with that particular market segment, you know the solutions they typically need and you have a product that fits their specific needs. However, the problem is that you don't have a system or process in place to make sure that you are really getting the ‘ideal' client for your ‘book of business'. You need a sales scorecard. So here you go. Feel free to use, edit or reproduce any way you feel is appropriate to your specific business, but keep the concepts in place and make sure that you have some sort of accountability process in place to ensure you adhere to your scorecard. If you would like further discussion on this feel free to call.
How to create a scorecard
Mission
Develop a short statement about why you want this type of client. To better serve and develop specific products and services for those companies in the ABC industry. Better serve means that I will become an expert in that field, develop specific products and services for that market segment and to become the dominant player and resource for those in that space
Outcomes
Develop at least 3 specific outcomes that you WILL achieve and no more than 8. These outcomes must be described and reflective ‘extra-ordinary' outcomes. To do that you must not only describe the outcomes but set standards that you will measure against
Demographics
Identify the demographics of the ideal prospect: Volume of sales, # of employees, # of power units, # of locations etc. You should also identify the specific market segment, geographic location, potential revenue volume and soft issues like ‘easy to do business with', has a strong credit history and has an appreciation for a stewardship versus price approach to doing business. Willing to partner instead of vendor relationship
Support
You must make sure that you have aligned your support staff and the resources within the company or companies you represent. You may become an expert in waste hauling but if your support and resources can't provide you the product and service you need and cannot support the backroom requirements then it doesn't matter that you are an expert in the field.
Once completed, share this scorecard with anyone that can potentially interface with your clients to make sure there is synchronization in focus, effort and support for this type of client.
Tags: Recruiting, Increase Sales, How to Increase Sales, Sales Development, Sales, Sales Coaching, Business Development, Coaching, Business Coaching, Marketing Sales, Assessment
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