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Cash Flow, Profits And The Cash Conversion Cycle
Calculating cash flow is one of the most important tasks of the business owner. Revenue and expenses are rarely constant in a business and cash requirements need to be planned for shortfalls, seasonal factors or one time large payments. At the...
Customer Service and Call Center Outsourcing, What's The Buzz?
The buzz is all about customer service and call center outsourcing, also known as BPO (Business Process Outsourcing). According to Gartner, the outsourcing market in Europe has grown with over 6%, BPO with 10%. The market for offshore...
How to Get Money Back for Your Process and Procedures Investments
Wouldn’t it be nice to get some of your money back that you have invested in developing policies, procedures and processes for your organization? Well, you can with the recently restored tax credit.
$7.6 Billion in Tax Credits are Available
...
Internet Marketing VS Forex Currency Trading
Have you noticed that when someone’s trying to sell you something - such as a system for making money - they always make it look far easier than it is?
Let’s look at two Internet businesses, almost as diametrically opposed as it’s possible to be...
What's a Professional Sales Manager?
I was in the depths of a major depression. As a third year salesperson with a good company, I was doing well, and was on my way to becoming the top salesperson in the nation for that company. But business had slowed down a little, and I didn't...
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Increase Your Pipeline: Deploying the Cost Effective Sales Team
Based on my talks with local executives, indicators point toward our getting back to business. Many companies that were taking a wait and see stance on Sales are now beginning to once again invest in selling.
As we all know from the go-go days, deploying a new sales team takes significant investment, especially if the sale cycle is lengthy. When venture investment was pouring in, I saw scores of companies spend months building and investing in a sales infrastructure before a single call was made! Their new sales VP would first start his search for regional managers who would subsequently recruit field reps. And then, after the grand sales kick off, it was 6-9 months before the first sale! This just isn’t practical for most companies, regardless of the economic environment.
Over the years, however, I’ve seen an extremely cost effective model being implemented by guerilla companies not flush with cash. The concept leverages the best of both inside and outside sales departments. If you run the numbers, you will see that an inside team is a fraction of the cost of an outside team, especially when you factor in travel, entertainment and other field related expenses. Additionally, an inside lead generator can double – even triple – the effectiveness of an outside representative.
Consider this: If a rep needs to make 100 contacts to generate 5
appointments, then he is essentially wasting 95% of his calls. Okay, it’s not really wasting time, but if the sales reps were in front of qualified prospects instead of talking to unqualified suspects, then their productivity would be significantly increased. The most cost effective model I’ve seen has been to employ inside lead generation to support the outside sales efforts. Rather than hire 3 outside reps, consider hiring 2 outside reps and 1 inside lead development or inside sales rep to support them. The immediate benefits you will see include:
Reduced payroll
Reduced field costs
Centrally managed lead development process
Increased productivity of outside reps
More appointments into target accounts
Better coverage of marginal accounts in dispersed geographic areas
About The Author
Cube Management (www.cubemanagement.com) provides sales acceleration services to emerging growth and mid-market companies in the technology, manufacturing, healthcare and business service sectors. The experts at Cube Management work across the entire spectrum of marketing, sales and business development to provide customized solutions that drive revenue and profit growth. Cube Management combines Strategy, Process & People to produce winning results.
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SellingPower.com | Solutions For Sales Management |
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Amazon.com: Sales Management: Books: Robert J. Calvin |
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Amazon.com: Seven Secrets to Successful Sales Management: The Sales Manager's Manual: Books: Jack D. Wilner by Jack D. Wilner. |
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Personal Selling and Sales Management: KnowThis.com |
KnowThis,com offers information, resources, reference and links for sales people, sales managers and other involved in managing a sales force including ... |
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KnowThis.com offers information, resources, reference and links for anyone involved in sales training or sales management or other managing issues involving ... |
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Contact Management Software, Contact Manager & Sales Software for ... |
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Sales Management- 7 Secrets to Successful Sales Management, the ... |
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Contact Management Software (SFA) price quotes - Free sales ... |
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Waterhouse Group - Sales Training Programs: Consultative, Value ... |
With over 20 years of experience in sales, sales management and sales training, ... Selling Success: The Journal of Sales & Sales Management ... |
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