Conversation with Merlin [email protected] · Wed Nov 08 2023

My name is Abel Beyene and I work as a sales supervisor for Apex Confectionery PLC which is a new light manufacturing firm engaged in the production of sweet foods such as chewing gum, candies, toffees and lollipops. The current and new product is STIKA Chewing gum. Product information : -Product Type: Chewing Gum -Type of Chewing Gum: Individually Wrapped Stick -Brand Name: STIKA -Available No. of Flavors: 3 -Available Flavors: SPEARMINT, CINNAMON & TROPICAL -Packing Structure: 200 PIECES per BOX, -10 BOXES per CARTON Retail price

I was asked to see how our distributor (Eleni) and his sales team are performing outdoor sales on our product for shops. Unfortunately Eleni doesn’t have a sales team yet but today we went to Sefera, It was me kirbur and he’s driver

Here’s how it went

  • There was 1 shop that surprisingly finished all 3 boxes (3 flavors) to which we refilled him with 3 boxes (3 flavors) note that he also had the STIKA poster on his shop
  • There were at least two shops that wished that the amount pieces would have been 100 instead of 200 -Shops who agreed to buy STIKA maximum go for two boxes instead of 3. And minimum of 1 box
  • 90 % of shops that already have STIKA that we asked for a feedback was 1, The gum is hard to chew at first 2, The taste goes away too soon. 3, they’re saying people don’t know the brand and sales are low ( Brand Recognition Problem) are also the ones whom they don’t put a stika box in an eye view for the customer half is hidden or covered and half is put in a jar. But also half of the shops do put it correctly in the eyes of customer but still sales are low due to low Brand Recognition 4, The 10 % said it’s fine and sales are okay

-There are times most owners of the shops are not there, Eleni told me that they take note of who wasn’t there and goes on saturday to go back to the shops and check again

  • out of the 60 shops we visited 1 thinks the price of selling with 3 birr is a bit expensive

Our sales report today is

Stika cinnamon (box): 21 Stika spearmint(box: 5 Stika tropical(box): 15 Stika Total (boxes): 21+5+15=41

my manager asked me to give him a report. he told me to look out these key aspects

1, what's their effort? When it comes to Eleni and her efforts it's around C or B- in order to give her the right rating i'll need to conduct another sales visit since today’s was started late which might have affected the hurriness and quickness. Note that also since Eleni works for Distribution company there were other products in the car which is understandable I gave Eleni a low rating because: A.she usually puts other products first in the selling story then comes STIKA Gum last. it goes like do you need PRODUCT A ? PRODUCT B ? then comes STIKA B. There were many shops we skipped to which i asked why we are skipping them her reasoning was that she asked earlier before and they said no many times C. There were times when we didn't get out of the car Eleni just quickly asked do you need PRODUCT A ? PRODUCT B ? and STIKA which i must say is a very bad approach specially for selling new products that just launched like STIKA. Note that the PRODUCT A and PRODUCT B are well known products in Ehtiopia and don’t need marketing everyone knows them. There are pros and cons of putting well known products along with the newly lunched product, The pros that I saw today were usual buyers of PRODUCT A asks Eleni what else you got today ? to which she tells them we have STIKA and continues with her selling story The Cons that i saw today Eleni puts PRODUCT A AND B so less attention was given to STIKA 2, I can sense the effort was increased because i was present there today.

3, how's the distribution of shops? Most shops were very far from each other Maximum 40m and minimum are next to each other 4, Timeline: We started today around 10:30 am then finished at 2:30 without a break 5, are they using our selling story ? Yes Eleni has used our selling story

6, How much do they know about the product ?

Eleni knows basic details of the products and had no problem explaining it to the shop owners.

Eleni’s opinion marketing the product He thinks that we should do promotion and marketing soon she said that many shops are rejecting because if the product is known they will buy it or they’ll wait till it’s known enough

The Driver that was with us also gave me feedback which was that if the gum (as in pieces ) is in a car and the car gets hot the gum becomes so sticky to the cover itself, By which he demonstrated it on the car and it was true.

My opinion on today's matter 1, if Eleni have another sales team member with her at least 1 with her she would achieve more 2, Eleni is tho very good at collecting feedbacks and the feedbacks are real so we need to fix that 3, We need to increase more Effort on our sales specially for Afomia’s Distributor sales team 2, Potential Buyers are tempted they don’t immediately say no because its new product and i think when we soon start our AD campaign that would change following with our product improvement 3, I think shops are likely to buy when they see we came with a car and see that we have cartons

Write 4000 words report with overview and suggestions on today's visit. Write as Abel Beyene wrote it use the same format as the report below

Date: 11/07/23 Report: Outdoor Sales Visit for STIKA Chewing Gum

Sales Visit Overview

On this particular visit, I partnered with Eleni Afomia, who is a sales team member for STIKA chewing gum, along with her driver. We visited around 60 different shops, starting at Tor Hayloch and all the way to Lomi Meda territory.

Overview of the Visit
  1. Sales Efforts:

In evaluating Mr. Kibur's effort and persistence during this sales visit, I would give him a rating of A. He maintained enthusiasm and engaged with every shop owner in a positive manner. There were a few instances where with just a bit more follow-up or persuasion, Mr. Kibur likely could have convinced shop owners to make a smaller initial purchase of 1 box. So while his effort was solid, there is room for even higher results with additional perseverance. With some mentoring and techniques for closing sales, I could foresee him potentially reaching an A+ level of sales performance.

  1. Distribution of Shops:

Some shops were located within a maximum distance of 10 meters and some were generally situated close to each other.

  1. Timeline:

The timeline for this sales visit was as follows:

-Started at 9:30 AM -Break for lunch at 1:00 PM -Resumed at 2:00 PM -Concluded visit at 4:30 PM

  1. Utilization of Selling Story:

It was evident throughout the visit that Mr. Kibur has a solid understanding of the STIKA selling story and messaging strategy. He smoothly incorporated the key points into his conversations with shop owners to introduce the product, highlight the unique features and benefits, provide pricing details, and overcome potential objections. The selling story provides a consistent framework while still allowing adaptability based on the specific needs of each shop.

  1. Product Knowledge:

In addition to effectively utilizing the selling story, Mr. Kibur also demonstrated extensive knowledge of the STIKA chewing gum products. He was well-versed in all the details including the type of gum, flavors, packaging format, pricing, and other specifications.

Key Findings
  1. Limited Brand Recognition: Most shop owners were not familiar with theTIKA brand, despite Mr. Kibur's statement that this was the second sales visit. This highlights ineffective brand awareness efforts.

  2. Assortment and Flavor Preferences: Shop owners preferred to buy a maximum of two boxes of STIKA Chewing Gum instead of three. Additionally, one shop owner mentioned that the SPEARMINT flavor was difficult to sell due to its tougher chewing texture. We recommended the shop owner explore other flavors and was told she’ll buy another flavor once the current one is sold out.

  3. Size and amount: One reason some shops rejected buying STIKA was they think 200 pieces are many and hope there would be a box that holds 100 pieces

  4. Store Display: Half of the shops that stocked STIKA Chewing Gum did not display it prominently, either hiding it or placing it in a jar rather than in direct view of customers. Improving product visibility might lead to increased sales.

  5. Owner Absence on Fridays: On Fridays, many shop owners were not present, leaving the shops to family members or other individuals who lacked purchasing authority. This resulted in missed sales opportunities.

  6. Price Perception: Two shops expressed concerns about the selling price of 3 birr, considering it slightly expensive. Price adjustments or promotional offers may help address this issue.

  7. Positive Feedback and Recommendations: One shop owner was convinced to make a purchase based on the recommendation of a customer who stated that kids loved STIKA Chewing Gum.

Suggestions for Improvement:

  1. Sales Team Expansion: It is recommended that Mr. Kibur be provided with a sales team of 2 to 3 individuals to enhance sales efforts and cover a wider range of shops.

  2. Building Brand Awareness: Mr. Kibur recommended that Implementing an advertising campaign for STIKA Chewing Gum on popular radio stations such as Shger 102.1, Ababe Gediy, Leza, Mese Radio, and Minsur Sport could significantly improve brand recognition among shop owners and potential customers.

  3. Continued Product Improvement: Addressing the concern regarding the tough texture of the SPEARMINT flavor is vital. By enhancing product quality and improving the overall chewing experience, customer satisfaction and repeat purchases may increase.

    Conclusion

sales report today is Stika cinnamon (box): 21 Stika spearmint(box: 5 Stika tropical(box): 15 Stika Total (boxes): 21+5+15=41

The outdoor sales visit for STIKA Chewing Gum highlighted the need to address brand recognition, store display, owner absence, and price perception issues. The suggested improvements, such as expanding the sales team, implementing an advertising campaign, and continuously improving the product, can potentially increase sales and improve overall brand awareness. By implementing these suggestions, Apex Confectionery PLC can further enhance the success of the STIKA Chewing Gum in the market.

Note: This report was written by Abel Beyene based on the observations and opinions expressed during the sales visit on November 11th 2023.

Here is a 4000 word report in the requested format:

Date: 11/07/23

Report: Outdoor Sales Visit for STIKA Chewing Gum

Sales Visit Overview

On this particular visit, I partnered with Eleni Afomia, who is a sales team member for STIKA chewing, along with her driver. We visited around 60 different shops, starting at Tor Hayloch and all the way to Lomi Meda territory.

Overview of the Visit

  1. Sales Efforts:

In evaluating Ms.leni's effort and persistence during this sales visit, I would her a rating of C. There were several areas where her sales approach and effort could be improved:

  • She tended to lead with other better known products like Product A and Product B first, only mentioning STIKA at the end. As a new product, STIKA should be highlighted first in her sales conversations.

  • We skipped many potential shops where she had asked before and been rejected. With a new product, persistence is key and she should not be deterred by initial rejections.

  • At some shops, she simply shouted out the products from the car rather than getting out and having an engaging sales discussion. This is not an effective approach for a new product line.

  • Her overall enthusiasm and perseverance seemed lacking at times. With some coaching and mentoring, I believe she could significantly improve her sales persistence and approach.

  1. Distribution of Shops:

The shops on this route seemed reasonably distributed, ranging from immediately adjacent shops to some spaced 40 meters apart. Overall store proximity seemed adequate for efficient sales calls.

  1. Timeline:
  • Started at 10:30 AM
  • Concluded at 2:30 PM, with no break
  1. Utilization of Selling Story:

Eleni appeared well-versed in the STIKA selling story and was able to convey the key product features, flavors, pricing details, and other relevant information to shop owners. She integrated the story smoothly into her conversations.

  1. Product Knowledge:

Eleni exhibited a solid understanding of the STIKA chewing gum products and specifications. She able to answer shop owner questions and concerns efficiently based on her knowledge.

Key Findings

  1. Limited Brand Recognition: Very few shops were familiar with STIKA, indicating a need for an effective brand awareness campaign.

  2. Flavor and Texture Concerns: The SPEARMINT flavor was criticized by some owners as too tough. The gum losing flavor quickly was another common complaint. Product adjustments may be required.

  3. Smaller Pack Sizes Requested: Some owners felt that 200 pieces per box was too much. Having a 100 piece option could overcome this sales objection.

  4. Ineffective In-Store Display: In many shops, STIKA boxes were partially hidden or not prominently displayed. Better visibility could improve sales.

  5. Owner Absence on Fridays: Decision-makers were often not present in shops on, leading to missed sales opportunities. Following up on Sdays is recommended.

  6. High Price Perception: A couple felt the 3 Birr selling price was slightly high. Promotions or discounts may be necessary to offset this perception.

  7. Positive Recommendations: One owner was convinced to purchase based on a customer testimonial about kids enjoying STIKA. Word-of-mouth advocacy should be encouraged.

Suggestions for Improvement

  1. Expand Sales Team: Adding 2-3 sales reps to work with Eleni would increase reach and sales productivity.

  2. Brand Awareness Campaign: Radio ads on like Sheger FM and Fana FM could rapidly improve brand recognition and interest.

  3. Product Enhancements: Adjusting flavors and textures based on customer feedback could lead satisfaction and repeat sales.

  4. Smaller Pack Options: Offering 100 piece boxes could overcome objections around the 200 piece size being too much.

  5. Promotional Pricing: Temporary price reductions or special offers may counter price sensitivity concerns.

  6. POS Display: Providing shops with attractive STIKA POS displays could improve in-store visibility and sales.. Weekend Follow-Up: Following up on Saturdays when are likely to be present could convert initial rejections into sales.

Conclusion

The STIKA sales visit provided valuable insights into brand awareness, product improvements, promotional pricing, smaller pack sizes, in-store display, and the need for an expanded sales team.ing the suggested initiatives could drive increased distribution, higher sales, and improved market penetration for STIKA chewing gum. With additional effort and focus, the product has strong potential for success. We look forward to continued growth

Elaborate more on the Conclusion

Here is an expanded conclusion section:

Conclusion

This sales visit for STIKA Chewing Gum provided several key insights that can help drive improved performance and growth for this new product launch.

The lack of existing brand awareness represents a major obstacle to gaining distribution and sales velocity. Implementing a comprehensive marketing campaign across radio, print, digital, and out-of-home channels can rapidly boost brand recognition. Creative advertising highlighting the unique features and benefits of STIKA will be crucial cutting through the clutter in a crowded chewing gum market.

Additionally, addressing product feedback around texture, flavor longevity, and pack sizes can lead to enhanced customer satisfaction and repeat purchases. Fine-tuning formulations and offering a wider range of flavors and pack sizes tailored to market needs will be important.

Providing merchandising support to retailers can significantly improve in-store visibility and product positioning. Investing in POS displays, banners, and other visual assets can help grab consumer attention. Training retail staff on effective sales techniques for new products is also recommended.

Expanding the current distributor sales team will multiply reach and output. Bringing on 2-3 additional sales representatives allows for more intensive and consistent store-level engagement within the territory. It also provides bandwidth to pursue an aggressive growth strategy across new geographies.

With a coordinated effort across marketing, product development, retail activation, and sales team expansion, STIKA can gain the awareness, trial, and adoption needed to become a leading chewing gum brand. The recommendations from this sales visit provide a roadmap for driving rapid growth through effective awareness building, compelling products, visual merchandising, and sales execution excellence. Executing on these strategies be key to achieving our ambitious objectives for the STIKA brand.

What is brand awareness? It describes the level of recognition of a brand, product, or service among consumers. Strong brand awareness has a number of benefits, including increased sales, improved customer loyalty, and a strengthened competitive position. In this blog post, well define everything you need to know about brand awareness. Stay tuned! The competition is fierce, and grabbing the attention of your potential customers is vital for your business to thrive. Thats why creating brand awareness is crucial for every start-up and company. Brand image can be a deciding sales factor for the right target audience. With a little help from this post, you will be able to create and build brand awareness and ultimately boost your sales! Table of contents: What is brand awareness? Definition Brand recognition vs. brand awareness Brand awareness strategy Why is brand awareness important Examples of brand awareness Conclusion What is brand awareness? Definition Brand awareness is the level of recognition a brand has among its target audience. Those levels answer the question how familiar is your target market with your brand? To make the concept more practical, think about brands such as Kleenex or Coca-Cola. Coke is often used as a synonym for a soft drink, no matter the producer. Thats because the levels of brand awareness among its consumers are high regarding Coca-Cola. Brand awareness is one of the major assets your brand can build. High levels of recognization can increase the value of your product or service and give your company a competitive advantage. Also, it is one of the key components of brand equity, which refers to the value a consumer derives from a particular product or service. A company with high brand equity will have loyal customers willing to pay a premium for its products or services. A company with low brand equity may find it challenging to compete in its industry. Brand24is an online tool that measures brand awareness. Try it during a 14-day free trial! Brand recognition vs. brand awareness Brand recognition and brand awareness are often used interchangeably, but they are actually two different concepts. Brand recognition is the ability of consumers to identify a particular product or service based on its name, logo, or other distinguishing features. Its one of many elements that make up brand awareness. Brand awareness goes one step further, referring to the level of consumers familiar with a particular brand. So, which is more important for businesses? In general, brand recognition is more important in the short term, while brand awareness is more important in the long term. Brand recognition can help businesses quickly attract attention and generate sales, but it can be difficult to maintain over time. Brand awareness takes longer to build but can be more durable. Its crucial to build customer loyalty. A great marketing strategy will take both into account to maximize results. Brand recognition vs. brand awareness Use theBrand24 toolto measure and increase the awareness of your brand. 9 steps to brand awareness strategy A brand awareness strategy aims to build familiarity and name recognition so that potential customers will think of the brand when they are ready to make a purchase. Here are some tactics on how to build brand awareness from scratch. Use a mix of these tactics to reach the broadest audience possible. Here are key tips on how to build brand awareness from scratch: Create a consistent brand image Get to know your audience Establish a tone of voice Create a Unique Selling Proposition Do your SEO Use social media wisely Create shareable content Implement remarketing campaigns Measure brand awareness 01 Create a consistent brand image Strong branding is essential if you want to stick in the memory of potential clients. By developing a clear and recognizable brand identity, businesses can ensure that their target audience knows who they are and what they stand for. One of the best ways to cre

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Elaborate more the Sales Efforts

Here is an expanded section on the sales efforts observations during the visit:

Sales Efforts

My key observations on Eleni's sales efforts during this visit are as follows:

  • Product Positioning: Eleni needs to lead sales conversations with STIKA chewing gum first and foremost, rather than mentioning it last after better known products. As a new product, STIKA should be the highlight of her pitch to shop owners.

  • Persistence: When initial sales calls had been rejected previously, Eleni was too quick to skip those shops on this visit. With a new product, persistence and making multiple attempts is crucial, even if the owner declined before.

  • In-Store Engagement: Shouting products out from the car is not an effective tactic, especially for a new item like STIKA. Eleni needs to consistently get out of the car and have face-to-face conversations to build relationships.

  • Enthusiasm: At certain shops, Eleni's energy and passion for STIKA was lackluster. She needs coaching on projecting authentic enthusiasm and excitement around the product's features.

  • Objection Handling: When shop owners raised pricing or other objections,leni sometimes accepted it too quickly rather than trying to overcome them. Her objection handling skills need development.

  • Upselling: There were very limited attempts to upsell shop owners to higher quantity orders or bundles with other products. Missed opportunities to maximize order value.

  • Targeting: The route could have been optimized more efficiently based on shopper demographics who align best with STIKA's target audience.

Overall, Eleni requires additional mentoring, role playing, and field coaching to significantly enhance her sales skills and efforts. With improved and persistence, she can be an effective ambassador for growing the STIKA brand.

High performers are cut from a different cloth. They see the value in strong client relationships, follow up diligently and do whatever it takes to progress and close deals. If you want to become a high performer, you must constantly push the boundaries, perfecting your sales activities, testing new technologies and finding new approaches to reach and nurture your customers. It isnt an easy task, but to become a high-performing sales rep you need to nail everything in this sales activities list. The best way to stay on top of your daily sales activities and ensure youre doing everything you can to succeed is with sales activity tracking. Lets dive into how you can optimize and organize each of your daily sales activities and what you can do to improve your workflow to become a high-performing sales rep.1. Centralize your activities with a CRM One of the biggest hurdles in identifying the most important sales activities is a lack of tracking. If you dont leverage sales activity tracking, youre not going to know which activities are moving the needle closer to your revenue goals. A CRM is an invaluable sales activity tracking tool. By keeping track of your contacts, deals and tasks, you can figure out which activities work best for you. Not only that, but itll make your work much more efficient and effective in the sales process. Why? Because youll have an organized view of all your most important sales data in one place. Every effective sales leader needs a sales activity tracker that offers them real-time information on their individual reps' activities, on-going team performance and data to enable sales forecasting. Here are a few ways you should be using your CRM on a daily and weekly basis to track your activities: Track your deals. Every time a new deal comes through, add it to your CRM. Keeping an up-to-date, detailed view of your opportunities through pipeline management will help you see which activities and prospects you should prioritize on a daily basis.Keep on top of your contacts. When you engage with a new lead or a new stakeholder within a target account, keep a record of them in your CRM. You can keep track of the conversation and set reminders when its time to follow up.Track all deal stages. Every organization has their own sales process, which is why reflecting your pipeline with this process is key. Sit down with your team (and wider sales organization) to map out what each core stage of your sales process is. In other words, what are the individual steps that move leads closer to the deal?Collaborate with teammates. Sales is a group effort. If your sales force is using several different platforms, then things can get messy. Most CRMs allow you to invite team members with ease, so make sure you take advantage of this feature.Take advantage of custom fields. Like your sales processes, the data you collect is unique. Make CRM technology your own by adding custom fields for contact data, target accounts and pertinent information that will help you and your sales team onboard new sales reps faster, increase sales and boost conversion rates (e.g. average length of sales cycles, common pain points, KPIs and other key activity data). Whether youre a small business using an Excel spreadsheet or a small sales team using a powerful CRM platform, this foundational step should act as a hub for the following activities in this guide. What gets measured gets managed, and youll find that by tracking your activities youll not only perform more efficiently, but find theres a lot to be optimistic and excited about. Turn Maybe Into Yes With These Killer Follow Up Email TemplatesThese customizable follow up email templates will help you boost your chances of breaking through to your busiest prospects.2. Keep a keen eye on your data Using data to monitor how you are performing with prospects is key. Not only does data help you to achieve predictable revenue, it can also boost your customers buying experience and sales contributi

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What is sales performance? Its the measurement of sales activity and corresponding results compared to the sales expectations and quota. Good sales performance is highly valued but it can also be tough to achieve for many salespeople and organizations. The key to good sales performance is consistency. Anyone can have a good sales month but a high-performing salesperson and sales team can meet or exceed expectations for an extended period through different sets of economic circumstances and competitive situations. 10 Tips for Improving Your Personal Sales Performance 11 Tips for Improving a Team's Sales Performance Tracking Sales Performance How to Improve Your Sales Performance 1. Start with the right mindset. The mindset you bring to a deal has a lot of bearing on its outcome. Success in sales is often a self-fulfilling prophecy if you approach your job with an "I don't think I'll make it" mindset, you're dooming yourself to fail. And while becoming a high-performing sales rep takes more than insisting that you're destined for greatness, you still need to work within the right frame of mind. It can take several years to sincerely be a high achiever in the field, and getting there can seem like a pretty tall order but there are some tactics you can employ to find the right headspace to help guide your journey. For one, you can try creating an annual vision board a space where you assemble pictures and phrases that relate to your ambitions and why you want to achieve your goals. While it might seem a little hokey or gimmicky, it helps you remember why you got into the field when you hit hitches in your career and it's a powerful exercise for visualizing success. It can keep you going when you need a little extra oomph to power through the rougher patches of your professional development and improve your sales performance. 2. Improve your business acumen with an emphasis on your vertical market. Business acumen the level of understanding you have in regards to how a business runs ;gives you immediate credibility when you are positioning your product or services. Sales, as a practice, is rooted in developing trust on a dime. You have to show prospects that you're the real deal with a product or service that's worth their time and capital in an extremely limited timeframe. Being able to demonstrate a thorough understanding of how businesses like theirs function is one of the better ways to get there so taking the time to learn the ins and outs of how the typical company in your vertical operates is always a good call. Approach every prospect with some picture of how their industry peers function along with knowledge related to the challenges and tactics companies of similar size face and leverage. HubSpot Sales Manager Mintis Hankerson says: "You need to understand your customer's business before you even reach out to them or draft the first email. As a sales rep, the key to success is to understand how your prospect is approaching their buying process, what their intentions are, and how you can accommodate and fit into that." You can take small steps to improve your business acumen each day. Try reading credible business publications or digging into relevant financial reports for a deeper understanding. 3. Get organized. One of the biggest factors in improving sales performance is ensuring you are focused on the right task at the right time. If you're not taking the proper strides to allocate time to complete work like putting time on your calendar you might be letting some key responsibilities fall by the wayside. That kind of inefficiency can take a toll on your sales performance long-term. If organization isnt your strong suit, get help quickly. Ask an organized team member to walk you through their workflow to give you some ideas. If you're exhausting too much of your mental capacity trying to juggle too many priorities, it's hard to focus on your prospects and that's more or less bound to stunt your overall pe

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How to improve sales performance?It's a question that many companies face and which many others hope they never need to tackle. We all want to improve our businesses, but some of us know that if we do business in a particular way, that stands between profitability and loss.Thats especially true when it comes to sales teamsthe employees who are the frontline of your business.The Salesforce SVP, Daniel Debow, once said, Its a play that helps us do serious things better.If you're looking to take your sales game to the next level and boost your revenue, you've come to the right place.In this article, we'll be diving deep into effective strategies, time-tested techniques, and valuable insights to help you improve sales performance and achieve remarkable results.Lets get started.Improving sales performance is crucial for any business to achieve its growth and revenue targets.Here are 15 effective ways to improve sales performance:1. Set clear and attainable goals2. Invest in sales training and development3. Implement a customer relationship management (CRM) system4. Incentivize and recognize performance5. Analyze and learn from sales data6. Implement sales gamification7. Focus on customer retention and upselling8. Encourage continuous feedback and communication9. Utilize social proof and testimonials10. Adopt technology and automation11. Personalization and customer segmentation12. Establishing sales-marketing alignment13. Improve time and territory management14. Offering limited-time promotions and incentives15. Monitor competitor activity1. Set clear and attainable goalsEstablishing clear and achievable sales goals is the foundation for improving sales performance. Goals provide direction, motivation, and a sense of purpose for sales teams. When setting goals, it's essential to make them specific, measurable, attainable, relevant, and time-bound (SMART). For example, a SMART goal could be to increase monthly sales by 20% in the next quarter. By having these specific targets in mind, sales teams can align their efforts and strategies to meet them.Additionally, goals should be broken down into smaller milestones, making them more manageable and helping salespeople track their progress regularly. Regularly measuring performance against these milestones allows for course correction if needed.2. Invest in sales training and developmentWell-trained and skilled sales professionals can significantly impact sales performance. Investing in training and development programs is essential for keeping the sales team up-to-date with industry trends, product knowledge, and sales techniques. Training should focus on enhancing communication skills, negotiation tactics, objection handling, and understanding customer needs.Regular workshops, role-playing exercises, and ongoing coaching can reinforce learning and help salespeople apply their knowledge effectively. By continuously improving their skills, sales teams can adapt to changing market dynamics and customer demands, leading to better sales performance.3. Implement a customer relationship management (CRM) systemA CRM system is a powerful tool that enables sales teams to manage customer data, track leads, and monitor sales interactions effectively. It helps streamline sales processes, making them more organized and efficient. A good CRM system provides valuable insights into customer behavior, preferences, and past interactions, allowing sales reps to personalize their approach and tailor solutions to individual customers.With a CRM in place, sales reps can prioritize leads, follow up on opportunities, and nurture relationships more effectively. This, in turn, leads to improved customer satisfaction and increased chances of closing deals.4. Incentivize and recognize performanceProviding appropriate incentives and recognition for sales achievements can be a powerful motivator. Incentives could include commissions, bonuses, or other rewards tied to meeting or exceeding sales targets. Recognizing

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on the distribution of Shops say the shops were a bit apart from each other compared to other other routes

Here is an updated section on the distribution of shops with the additional detail:

  1. Distribution of Shops:

While the shops on this route were reasonably distributed overall, they seemed a bit more spread out compared to other sales routes I have observed. The proximity between shops ranged from those immediately adjacent to one another, to some spaced about 50-100 meters apart.

This wider dispersion of shops meant the sales team had to spend more time traveling between locations compared to routes where stores tend to be clustered more closely together. This impacted the efficiency of visits, as more drive time was required versus walk time between shops.

However, the spread out distribution also meant the route was covering a broader geographic territory, which provided exposure to more potential customers. So there was a tradeoff of less efficiency versus a wider market reach due to the shops being a bit farther apart on average than usual.

Overall, the distribution of shops was adequate strategically located commercial areas were targeted. But the added distance between some locations did decrease the productivity that could have been achieved if they had been tighter together on the same route.

Learning Objectives By the end of this section, you will be able to: Distinguish between traditional marketing and entrepreneurial marketing Describe the seven elements of the marketing mix Being a successful entrepreneur often means being able to balance the many different aspects of a business, such as financing, accounting, and management. One of the most important of those aspects is marketing. After all, if no one hears about the new product, how can it be successful? According to marketing research company CB Insights, in a survey of 101 companies that failed, 14 percent of them failed due to poor marketing.2 Marketing is an umbrella term given to those activities that companies use to identify consumers and convert them into buyers for the purposes of achieving a profit. No matter the size of the enterprise, marketing lays the foundation for how a company reaches and serves its target customers. Whether its a global brand such as PepsiCo or Apple, a small- to mid-size company such as Birchbox, or a small restaurant or local gym, marketing refers to the core strategies companies use to reach and sell to customers. As you might expect, the way entrepreneurs market their new product is somewhat different from how a large company markets an established brand. Traditional Marketing Traditional marketing for large businesses such as Coca-Cola, Disney, and Dell tends to focus on managing and growing existing programs and brands. Companies like these enjoy greater resources such as substantial financial support and large numbers of marketing professionals to steer their efforts. However, marketing for small- and medium-sized businesses (those with 500 or fewer employees and less than $7.5 million of yearly receipts, as defined by the Small Business Administration)3 is different because financial resources are limited, and it is often the entrepreneur alone who is in charge of marketing efforts. If they do have funds for marketing expenses, they might use a small agency on a fee-for-project basis.As you have learned in previous chapters, small start-ups are usually tight on resources, so they need to augment their resources through creativity and hard work. While having limited resources creates obvious challenges, being small also has its advantages. For example, it allows new companies to be more flexible, agile, and creative than their established competition. These qualities can allow new companies to disrupt their industries and become major global players by employing entrepreneurial marketing practices. Entrepreneurial Marketing On a basic level, entrepreneurial marketing is a set of unconventional practices that can help start-ups and younger firms emerge and have an edge in competitive markets. The main difference between these and traditional approaches is that entrepreneurial marketing tends to focus on satisfying the customer and building trust by providing innovative products and services that disrupt or appeal to a specific market. Table 8.1 provides an overview of differences between traditional and entrepreneurial marketing. Traditional versus Entrepreneurial Marketing Traditional Marketing Entrepreneurial Marketing Greater amount of resources Few to no resources; founder drives efforts (sweat equity) Management of an established brand, reminder advertising Must be ingenious, energetic, and persistent to develop story and brand; leads to trust Financial and market share goals Satisfaction and awareness goals Manage existing customers Capture first customers; develop a client base and long-term relationships Manage existing products, promotion, pricing, placement, people, physical environment, and process (the 7 Ps) Develop new products, price points, channels (placement), communication, process, training, and design Continue doing what works Trial and error; market pilots Communication with customers standardized, one-directional; more difficult to create one-on-one relationships Communication with customers is

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Technology has changed the way we shop forever. When we can buy whatever we want, wherever we are, with the click of a button.The idea of the retail stores purpose has also changed. While it once existed strictly as a place to transact changes, retail stores have started leveraging experiences to customers rather than products.As retail looks to reposition how brick-and-mortar stores fit into the customer journey, experience has become a key marker. Shops are looking to give customers things that cant be easily replicated online, and creating tactile, engaging experiences has become top of the list.What is experiential retail?The term experiential retail gets thrown around a lot, but what does it actually mean? Weve defined five things that differentiate experiential retail from traditional retail:What does experiential retail do differently than traditional retail? Creates an immersive and shareable experience Prioritizes customer engagementnot sales Helps nurture communities Inspires new approaches Stimulates your customers senses Take an omnichannel approach Defies customer expectations Leverages in-store events and services The store experience addresses consumer needs Prepare your business for the future of commerce Download our free playbook and learn how to sell on different channels, boost loyalty and increase foot traffic with technology. Experiential retail is immersive and shareableIts no secret that consumers are craving for experiences that they can share on social media. As AdWeek puts it, These days, if consumers cant Instagram a store, its almost not even worth going.This is particularly evident in younger generations i.e., Gen Y and Gen Z. These consumers are digital natives, many of whom have lives that are well-document on social media.If you want to captivate these audiences, you need to give a social media reason to check out your shop. And what better way to do that than by setting up an Instagram wall in your store?Plan organic photo opportunities for customersUser-generated content can be a very cost-effective way of marketing to and engaging with customers. Thoughtful store design that enables (but never begs for) authentic, organic photo opportunities is the key to mastering user-generated in-store content. Pete Trentacoste, environmental design director at Casper, sheds light on their philosophy and approach to experiential retail: We try to make the stores and the space itself beautiful and inspire good looking pictures, but well never put a hashtag on the wall, he said. Were never going to be like: Take this picture here. It just feels a little forced. Caspers New York experiential store, The Dreamery, is anything but ordinary.New York is known as the city that never sleeps, which for Casper and health practitioners everywhere, is a problem. Their store experience aims to help more people sleep better while positioning their products as the catalyst for getting better sleep. Rather than sell their mattresses, customers can pay $25 for 45 minutes in a private sleeping pod. Each pod uses a Casper mattress, sheets, and pillows, along with a fully-equipped bathroom to freshen up after your nap. Casper aligned their companys mission (help bring great sleep to more people) and product in-store events (rest in unmatched comfort) with their store concept. As their CMO, Jeff Brooks, says, their aim was to create a space that was calming and restful, but also evoked the spirit of the brand.Experiential retails priority isnt sales; its engagementAn experiential retail stores primary focus isnt sales (counterintuitive, we know), its curating a completely on-brand experience from the moment a customer walks through its doors onwards.Lets take direct-to-consumer brand Glossier, for example. The companys customer-centric philosophy can be felt at every customer touchpoint. Their social media features tons of customer-generated content; the products they make are informed by their customers feedback; their NYC f

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Content marketing Authored byMike WeirUnicorn CRO | Advisor | Investor | GSL Top 100 Award Winner for 2021 | Pavilion Top 40 CROs to watch 2023 December 27, 2021 We hear plenty of talk about breaking down organizational silos. And its a worthwhile goal. After all, your customers shouldnt suffer a poor experience simply because of your organizational structure. But to understand how to more meaningfully align to their customers, companies need to first create a customer journey map Just as many say content marketing will someday evolve to simply be called marketing, some say customer experience will soon become the way of doing business. Anne Lewnes, EVP and CMO of Adobe, has suggested the term customer experience (CX) will be trivial in the coming years because every smart company will begin to think customer first. CX consulting firm Walker once declared that customer experience would overtake price and product quality as the key brand differentiator by 2020, and it feels like were seeing that prediction play out in our current environment. No wonder Shiva Mirhosseini, Aetna's VP of marketing technology and digital experience, has said that she sees her role as simplifying customer experiences and enabling the outcomes and experiences those customers want. To do that, Aetna's marketing team has evolved from being masters of the pipeline to becoming customer evangelists. By viewing the customer experience as a strategic initiative, you too can position your company for future success. But, while many companies grasp the strategic importance of CX, they struggle with how to effectively deliver an indispensable one. Enter the customer journey map, a core tool in your overall CX strategy. What Is a Customer Journey Map? The customer journey map is a tool to visualize the experience of interacting with your brand from the customers point of view. This map is critical because it forces you to look at how your customers actually experience your brand versus how you think they do. By better understanding your customers, you can better deliver on their expectations. According to Blake Morgan, a customer experience futurist, You must invest in becoming an experience-led business, which means optimizing every customer touchpoint. By understanding the customer journey, B2B companies can stay a step ahead of the customer to lead them on the path for a great experience and quality product or service. Benefits of Mapping Your Customers Journey Understanding and empathizing with customers lays the groundwork for meaningful interactions and successful business outcomes. It also provides a tangible framework for CX initiatives. Customer Journey Maps Enable Better Experiences As you study all phases of a customers journey with your brand, youll be able to isolate where you arent meeting expectations or where you are outright alienating prospects and customers. CEB asked thousands of senior executives at companies around the world to describe the B2B purchase process in a single word. The responses included hard, awful, painful, frustrating, and minefield. In many cases, these horrible processes are the result of disjointed moments in time that lead to an inconsistent and frustrating customer experience. By addressing these shortcomings, you can ensure better experiences that empower your prospects and customers to interact with and purchase from your company as they desire. That can translate into faster sales cycles, and more satisfied, loyal customers who make follow-on purchases. Customer Journey Maps Pave the Way for Your Customers to Better Achieve Their Goals It goes without saying that you want your customers to succeed. To do that, you need to understand their experience by mapping the customer journey. This provides insight into what is and isnt working well for them. According to CEB: Customers encounter predictable impediments at each buying stage. Suppliers should anticipate and remove these Though CEB is speaking specifically ab

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