The price to sales ratio tells an investor how many dollars they are paying for every dollar that the company has in sales. Lets discuss more about the formula, assumptions and interpretation of price to sales ratio.
Communication plays an important role in sales management. Communication is the backbone of sales management. It is absolutely not possible to close a sales deal without effective communication.
Persuasion skills are very important for a sales and marketing professional. Persuasion skills help a marketing and sales professional to actually win over the hearts of clients who not only become their loyal customers but also bring in more clients along with them.
Salesmanship and the approach to selling have undergone tremendous changes. In the recent times, there is a huge expectation on the part of the sales men who are in the profession of selling.
Any sales support system can be divided into 6 parts – sales activity management, sales and territory management, contact management, lead management, configuration management and knowledge management.
Imagine, your internal channel team and partners working together on the same data, files, or content. No more information silos, repetitive manual data entry, or endless email threads. Using a collaborative partner relationship management community – all this and more is possible.
Strategic Sales Management Final Project from Fundação Instituto de Administração. Welcome to Course 5 – Strategic Sales Management Final Project. In this course, you’ll develop the final project of the specialization, which is an application of …
Sales Strategy from Fundação Instituto de Administração. Welcome to Course 2 – Sales Strategy – This course is designed to discuss the application of intelligence analysis in the sales planning process. And this approach contributes to …
Sales Training: Techniques for a Human-Centric Sales Process from HubSpot. This course on sales will teach you how to run HubSpot’s inbound sales methodology that focuses on being helpful, not salesy. By the end of this course, you’ll be able to …
Sales Strategies: Mastering the Selling Process from The University of Chicago. Selling is a life skill. As people, we interact with other people every day in many different types of situations. And if you stop and think about those various …
Sales & Marketing Alignment from Fundação Instituto de Administração. Welcome to Course 4 – Sales & Marketing Alignment. This course focus on what is considered by most academics and practitioners as the biggest challenge that sales professionals …
Models & Frameworks to Support Sales Planning from Fundação Instituto de Administração. Welcome to Course 3 – Models & Frameworks to Support Sales Planning – In this course, you’ll go through a conceptual approach to selling models and …
Business English: Marketing and Sales from Arizona State University. If you work in marketing, sales, or advertising, you already know that effective communication is a requirement. This can be even more difficult when expressing your ideas in a …
Effective Sales – An Overview from Fundação Instituto de Administração. Welcome to Strategic Sales Management specialization. This specialization course focus on providing conceptual and practical guidance on sales planning and management. The …
When putting together an onboarding plan for new sales reps, knowing the best sales training topics could be key to your success as a manager. Learn how you can deliver impactful online sales training with Knowledge Anywhere!
Sales readiness training should incorporate the art of prospecting, lead prioritization, objection handling and more. Make sure your sales training includes these ten sales readiness topics.
How to Run a Bake Sale (Kids). Bake sales are a fun and effective way of raising money. And as long as you can bake and add up, you can probably run a good bake sale stall. More importantly, follow the suggestions here to make your bake…
How to Create a Flyer Using Microsoft Publisher. Flyers can be useful to disseminate information, call attention to special offers or sales, alert people to fundraisers or other events, or just to make special announcements. Microsoft…
How to Accept Credit Cards by Phone. Being able to accept credit cards by phone can allow you to make a sale when a customer is unable to come to your place of business. In some cases, it can allow you to enjoy mobile sales. The exact…
How to Pick Pistol Ammo. The act of selecting and purchasing pistol ammunition can be influenced by advice from a sales person, the cost, and the availability of a certain type. Knowing what type of ammo and planned use are very important…
How to Sell Gym Memberships. Gyms sell memberships, usually on a month-to-month contract basis, to people looking to train or get into better shape. Gyms are often faced with limited markets and sales can stagnate. Selling gym memberships…
How to Buy Childrens Furniture. Furniture makes a bedroom or playroom a special area where children can sleep, play or study. Purchase children’s furniture online, at furniture stores, consignment stores, thrift stores, yard sales estate…
Question: The software developers in my IT department are hardcore agileists. I maintain legacy systems and do operational work. Is there anything I need to know about the agile world that could affect my work with hardware?
A. Yes. Cloud computing is an agile practice and a major trend that will probably be discussed in your workplace soon. Learn about it so you don’t look dated and out of touch.
B. No. Agile is only for software developers at large shops like Google who need to support online retail sales and search engine banks.
C. Yes. All hardware purchase and installation projects should be converted to a Scrum process for the greatest impact and cohesion between teams.
D. No. The government has legislation pending to block agile practices as potential antitrust violations.
There are a lot of misconceptions about software integration. The concept can be deep enough to evoke hundreds of questions specific to a company’s back-end systems. Here are five common questions that many sales reps dance around, possibly because of either shortcomings in their products or a lack of knowledge on how integration is really implemented.
Question: I’ve just been asked to begin to document how my projects and those of three fellow project managers meet the company’s strategic objectives. That’s not really part of what I do at work right now, so I’m embarrassed to admit I understand the term, but have no idea how to prepare what management is expecting. To be honest, that seems a little fuzzy and I prefer to deal with facts and figures. What shall I do?
A. Strategic objectives are marketing magic created to convince stakeholders that an organization is doing well. They are not important to a project manager or a project team, and if assigned you should quickly refuse their care and maintenance. Otherwise, when the company reports do not look good, you will be blamed.
B. While many project managers are familiar with a company having strategic objectives, and even a lucky few are allowed to know what they are for the assigned projects, not many realize that tracking them is very much a numbers game that is well within the skill sets and abilities of most of us.
C. Only the sales team has access to the numbers you would need to create strategic objective reports for upper management. They can manipulate sales numbers to make them look good, so the VP of Sales should ask his staff to capture the data and create the reports.
D. While having strategic objectives sounds good, all that matters is that the project teams are creating the deliverables they are asked to construct or create in the Project Charter. Since you are not involved with choosing them, you cannot fairly be asked to track them throughout the organization as it will take time away from the project work that should be your focus.
Pick your answer then Test Your Knowledge!
The U.S. appetite for food free of genetically modified organisms (GMOs) has gone from a growing fad to a trend. Sales of non-GMO-labeled products grew 28 percent in 2013 to about US$3 billion, according to market research firm Nielsen. The project teams tasked with shepherding these products to market must negotiate a tricky, time-consuming process of securing—and verifying—the right ingredients.
Organizations from different business sectors are using customer relationship management (CRM) systems to help boost sales and revenues. They may have mixed results in terms of their sales and revenues. Various aspects to help to ensure a successful CRM implementation are discussed in this article, taken from best practices and the author’s personal experiences in reviewing existing CRM applications and implementing new ones.
One stereotype for agile approaches is that they only work for small projects. However, it is different today. This article identifies how agile techniques are used as part of the day-to-day project operations of major organizations round the world and cites examples from Tesco.com, Salesforce.com, and a Chinese telecom.
It lists some of the most popular techniques for scaling agile approaches beyond a single-team project, including these: get it right at the team level; firm the big picture and flex the details; and encourage a culture of organic coordination.
In this ancient guide to project management, we learn that profiting from the past is a critical part of both project planning and risk management. It can bring to light the full socio-economic implications of actions, which ties to the project management realm of professional ethics and responsibility. What better way to learn all of this than through history’s greatest empire? In this second installment, we look at two crucial lessons derived from the empire’s sales tactic.
To try to reduce the potential for abuse in the project justification stage, organizations should consider a number of different steps. Justification isn’t about selling, and business cases are not sales presentations…ever!
In a drastic departure from a project management approach heavy on control and prediction, Salesforce.com rolled out an in-house Agile development methodology in just three months. From resistance to breakthroughs, here’s a look at how they did it, with some lessons that other organizations can apply to their own transformation initiatives.
Question: We are in financial trouble. Even though my team carefully researches costs for new hardware and software with multiple vendors, somehow as time goes on the expenditures on each implementation always costs up to three or four times what we budgeted. Is it us?
A. You are being “taken” by sales people from your hardware vendors who are behaving like used car salesmen. They quote you a low price to get your management’s approval, but when it comes time to actually install you have to add on many necessary extras you really need that they never revealed.
B. It is probably you and your team if you are only figuring initial hardware costs in your project budget. The total cost of any new installation should be calculated both in immediate costs and in long-term costs over the life of the equipment, including non-tangible expenses. Only then can vendor offerings be fairly compared and evaluated.
C. Management should not expect project teams to be pricing hardware. This should be done exclusively by someone from the purchasing department. Your only role is to install whatever arrives on the dock. In this way, if the costs go up you and your team escape the blame.
D. Since recent costs for information technology (IT) items have quadrupled over the life of the equipment, you should multiply any future vendor contract pricing by four and alert accounting how much cash to have on hand in the immediate future. Always pick the lowest bid, as in today’s market all hardware is basically the same.
Pick your answer then Test Your Knowledge!
The other day I had a candidate say the following words to me in response to my inquiry to their annual income,It is just like buying a car or that diamond ring and the salesman asks how much you would like to spend. Why would you divulge how much you currently earn so that the company can make an offer for as low as they think it will take to get you in the door? It doesn’t seem like a good idea at the car lot, and it definitely doesn’t sound like a good idea when you think about a salary that will affect your livelihood. I have to say, all I could state in response to this was You’re right!
With U.S. and Canadian vehicle sales heating up, Mexico’s automobile industry is shifting into overdrive. As the export-oriented sector produces record numbers of cars—more than 3 million units in 2014 and more than 4 million expected by 2016, according to PwC—many of the world’s major automakers are launching projects to meet demand.
A free social task management tool from Salesfore.com, Do.com can help project teams centralize activities and communications, improving collaboration. Here is a review of the cloud-based solution’s strengths and weaknesses, along with a primer on getting started.
If you think about it from a project management or PMO perspective, the project setup starts with customer relationship management and the first entry a salesperson or account manager makes. It’s time for PMOs to start absorbing the CRM practices of their organizations.
For customer-facing organizations, customer relationship management is more than just a sales tool, it’s project initiation manifested. Here, we look at how organizations can better integrate their sales and delivery processes to the benefit of both sides of the business as well as the customer.
Question: We recently developed new accounting software for internal use to create invoices. Due to interest in tracking benefits realization and also capturing customer reactions to evaluate our success, my project team has been asked to stay on and address any issues for six months. One of the sales representatives gives special discounts and terms but fails to enter them into the new system for billing, and the angry customers call my team. I’ve told his manager, but the behavior continues. It makes the process improvement statistics for our software look bad and is costing us money. What can I do?
A. If talking with the sales representative’s manager didn’t work, talk to the manager’s manager. This sales person should be fired.
B. Take the salesperson to lunch. See if there is anything bothering him. Try to help him solve any work-related or personal issues, so that he can focus more on entering the correct data for billing.
C. Alert the representative by e-mail when the invoices will be sent out for two months. Give him a deadline to enter any unique terms not covered by the default pricing tables in the software. Copy his manager.
D. Prepare a second training class on how to operate the new software and schedule all of the employees in the organization who use the software to attend. If one person isn’t using it correctly, perhaps there are more.
Pick your answer then Test Your Knowledge!
How to Sell Bracelets. If you are an ace at making bracelets, you might consider moving on to making a little money from them as well. However, it might seem a little daunting to launch into a bracelet sales business to begin with,…
How to Be a Customer Service Agent. Customer service agents talk to customers on behalf of companies and businesses. They often answer questions, resolve problems, process sales and provide information. Some customer service agents work in…
How to Prepare for a Closing. A home closing is the date when the sales transaction for the purchase of a home is finally complete. The sales transaction is considered complete when all documents are signed and payments are made….
How to Make Pastries. Pastries are little pies about as big as a glass coaster. (About 3 inches in diameter.) They are good for parties, desserts, and bake sales. Preheat the oven to 425 degrees.