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Sales Process



Sales Process
   

Why Your Business Needs a Sales Process
A sales process is simply a series of customer-focused steps that enables the sales person to substantively increase win rates, build customer retention, and increase revenue production. Each step consists of several key activities and has a predictable, measurable outcome.

A great sales process can help your sales force succeed.

The benefits of a sales process include:

• Definable steps. A sales process helps you identify best practices for working through sales opportunities. Random acts produce random results.

• Predictable outcomes. A sales process helps you see which steps will bring a sales opportunity to closure.

• Repeatable activities. A sales process helps you replicate your successes and avoid your failures.

• Measurable results. A sales process helps you forecast revenue and measure the time required for key steps in the process.

A well-defined sales process can help you:

• Identify and qualify leads.

• Find more opportunities for repeat business among your existing customers.

• More consistently position the unique value that your company can deliver versus the competition.

• Discover your customers’ needs and match these needs to your products or services.

• Identify and deliver convincing proof that your products can meet those needs.

• Better assess the revenue potential for a given customer – and be able to view consolidated information for all customers in your sales pipeline.

• Negotiate and close more sales.

• Build stronger relationships with customers and business partners.

• Put a follow-up process in place after the sale that helps drive customer satisfaction – and generates repeat business and referrals.

Buying Process v Sales Process


Customer Buying Process




All customers go through five basic steps in the Customer Buying Process.

Step 1: Identify needs. Business owners look for ways to improve revenues and market share, to lower costs, and to improve operating efficiencies. Consumers look for ways to improve their standard of living or their overall satisfaction.

Step 2: Determine requirements. The customer’s goal in this step is to clearly identify all the aspects of the problem or opportunity they are trying to solve and to specify the requirements for a solution.

Step 3: Evaluate options. The customer solicits proposals and seeks out proof that the potential vendors can meet the stated requirements.

Step 4: Negotiate. The customer now has a clear understanding of the options available and begins negotiations to acquire the product or service. Price is one consideration, but negotiating considerations include the cost of change and the risk that the solution will not meet their needs.

Step 5: Implement and evaluate success. The product or service is implemented and the customer begins the process of judging whether it truly meets the stated needs.


Five steps define the sales process methodology. Each step is made up of several key activities with predictable, measurable outcomes. The steps help the business person succeed by:
1. Focusing on a total understanding of critical business issues faced by customers.
2. Developing potential value to be gained by customers.
3. Creating a strong desire in the customer to buy products and services supplied by your company.

Step 1: Prospecting. At this first stage of the sales process, the salesperson is generating qualified leads, finding new opportunities among the existing customer base, and differentiating his or her company versus the competition.

Step 2: Qualifying. In this stage you and the customer are sizing each other up.

Step 3: Proposal. When you reach this stage the promises end and you have to demonstrate to the decision maker that your company can really deliver the goods.

Step 4: Decision. The desired outcome, naturally, is a successfully negotiated deal.

Step 5: Repeat Business. A signed contract is really just the first part of the Process. The Repeat Business step acknowledges that it is indeed a sales process – not a moment in time when a contract is signed.


What is your Sales Process...

Do you have one? Is it working? Do you need one?



Sales Process - To learn more about this author, visit Colly Graham's Website.

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About the Author


Colly Graham
(Visit Colly's Website)
Colly Graham CEO of salesxcellence After graduating from college, Colly entered the field of accountancy however after five years decided to change his career direction in sales. First working for a Fortune 500 company in fast moving consumer goods, his career progressed from selling capital equipment, financial services to internet services, with a wide management experience in both telephone and field sales, concentrating on the recruitment, training and development of sales people, in this role he gained experience in designing and building a number of successful sales teams. Colly brings thirty years of practical experience of selling and his ability to empathize with sales people and establish immediate rapport and credibility as a trainer, (the accolade Colly receives from most sales people is “that he has carried the bag”). A licensed practitioner of NLP Colly trained with Richard Bandler in 1998. When I entered the field of sales, back in 1969, with local franchise holder for Pepsi Cola because of my lack of knowledge of any selling skills I set a goal, to one day, start my own training company. As my career in sales progressed becoming a sales manager, group
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