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Activity Based Planning Leads to More Consistent Results

 

Guest articles > Activity Based Planning Leads to More Consistent Results

 

by: Jonathan Farrington

 

Although the debate has been raging since someone first sold something to someone else, it is my personal belief that selling is both an art and a science.

To put it another way, a salesperson’s skills determine their level of artistry at selling and their strategic planning provides a scientific platform for their sales activities.

One of the characteristics that make a salesperson successful is careful use of their selling time: Time is something that doesn’t stop, yet how it’s used affects 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. So then logically, the sales activities you perform 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 that 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 organization 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 organization.

In my experience, the quality of the planning phase significantly affects the quality of the final result …


Jonathan Farrington is Chairman of The JF Corporation and CEO of Top Sales Associates, based in London and Paris. He is also the creator and CEO of Top Sales World and the man behind the Annual Top Sales Awards. More about Jonathan: http://www.jonathanfarrington.com


Contributor: Jonathan Farrington

Published here on: 07-Aug-11

Classification: Leadership

Website: http://www.jonathanfarrington.com

MSWord: Activity Based Planning Leads to More Consistent Results.docx

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