A well-planned sales strategy is the difference between success and failure. Luck has little place in successful business ventures, and it isn't just folk wisdom but genuine wisdom to say that failing to plan means planning to fail. A sales strategy should be individual to each sales need and goal. A thorough planning process involves understanding the financial and the administrative concerns in addition to the conversion and tactical concerns.
Understand your resource availability and mobilization possiblity. Figure out the size of your sales budget. Know what kind of a conversion rate you need to succeed. Gauge the success--and remember the availability--of your sales team. Large-scale opportunities shouldn't be ruled out as a sales strategy to those with smaller budgets or businesses with smaller goals. However, you must understand your goals: if you just need to move last year's inventory, you don't need to rocket launch last year's product (at the risk of the new year's inventory becoming less credible with a less successful sales strategy overpowered by the former strategy).
Concrete your goal or list of goals. Create measurable and achievable goals and publish them in a plan or presentation.
Determine the sales methodologies to find the most effective objectives to meet your sales goals. Configure a powerful mix of methods (telemarketing, cold calls, newsletter/email marketing, and so on) by brainstorming every possible method. When you have every single possibility listed, categorize each option as something that your competitors are doing, something that none of your competitors are doing and something that would probably garner the most results. Try to pick several options in the first and second categories that also belong to the final category.
Establish the metrics to measure the success of your sales strategies and milestones to gauge your progress.
Writing has been Jess Haynes’ business since 2006. She currently runs a network of sites and offers copywriting services to other business owners. Haynes has taken courses at Central Texas College and the Central Texas Small Business Development Resource Center.