Activity Based Planning
Activity Based Planning
The Sales Platform features three main elements:
1. Buying Platform – This comprises of existing customers who are purchasing from you on a one-off basis or a regular basis. This segment of the platform requires two strategic sales approaches:
• Sales actions that reduce the risk of losing customers (a proportion of customers are lost over time due to a variety of reasons)
• Sales actions that can generate incremental business from existing customers (it’s easier to get new business from existing customers compared to prospects)
2. The Working Platform – This comprises of prospects who have been visited yet aren’t currently buying. This segment of the platform is extremely time intensive yet is a crucial part of the development of an ideal customer base. The sales approach in this segment is to accelerate prospects through the pipeline until they become a customer.
3. The Market Platform – This comprises of leads that have not yet been qualified as prospects that have the potential to become customers. This segment of the platform is the vital preparation phase to replace lost customers and grow existing business in the longer term. The sales approach in this segment is to select the right type of opportunities that have the potential to become prospects. Banks of qualified prospects can be built up if appropriate – ready for a concerted attack on a targeted part of the market place.
In an ideal situation and based on the market conditions there should be a good balance between all three platforms. Excess Buying Platform activity will constrain the growth of the business into those areas that are identified as the opportunities of the future. It is also a symptom that the organisation has got itself into a rut or a ‘comfort zone’, that the communication of policy is poor, that management is not controlling the work, or that people lack the confidence to tackle new areas (or a combination of all of them). Too much emphasis on the Market and Working Platforms is inefficient and will increase the cost of sales unnecessarily. Without a strong base of long-term customers, this will dramatically reduce the potential for growth, and could well lower the reputation of the organisation.
Activity Based Planning - To learn more about this author, visit Nikki Owen's Website.
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One of the characteristics that makes a sales person successful is careful use of their selling time. Time is something that doesn’t stop, yet how it’s used, effects performance that can leverage the impact of sales activities. To influence sales results you need to work on your sales activities. For example, all the sales activities you have undertaken in the past have produced your current results. The sales activities you do today will create your future results. Therefore, there is always a time delay between activities and results. Focusing on activities in a well-planned way naturally increases results. The Sales Platform concept is a sophisticated process for analysing, planning, directing, and monitoring the activities of sales people.
The Sales Platform features three main elements:
1. Buying Platform – This comprises of existing customers who are purchasing from you on a one-off basis or a regular basis. This segment of the platform requires two strategic sales approaches:
• Sales actions that reduce the risk of losing customers (a proportion of customers are lost over time due to a variety of reasons)
• Sales actions that can generate incremental business from existing customers (it’s easier to get new business from existing customers compared to prospects)
2. The Working Platform – This comprises of prospects who have been visited yet aren’t currently buying. This segment of the platform is extremely time intensive yet is a crucial part of the development of an ideal customer base. The sales approach in this segment is to accelerate prospects through the pipeline until they become a customer.
3. The Market Platform – This comprises of leads that have not yet been qualified as prospects that have the potential to become customers. This segment of the platform is the vital preparation phase to replace lost customers and grow existing business in the longer term. The sales approach in this segment is to select the right type of opportunities that have the potential to become prospects. Banks of qualified prospects can be built up if appropriate – ready for a concerted attack on a targeted part of the market place.
In an ideal situation and based on the market conditions there should be a good balance between all three platforms. Excess Buying Platform activity will constrain the growth of the business into those areas that are identified as the opportunities of the future. It is also a symptom that the organisation has got itself into a rut or a ‘comfort zone’, that the communication of policy is poor, that management is not controlling the work, or that people lack the confidence to tackle new areas (or a combination of all of them). Too much emphasis on the Market and Working Platforms is inefficient and will increase the cost of sales unnecessarily. Without a strong base of long-term customers, this will dramatically reduce the potential for growth, and could well lower the reputation of the organisation.
Activity Based Planning - To learn more about this author, visit Nikki Owen's Website.
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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