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Sales Management 1
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Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 Sales Script.............................................................................................................................3 TASK 2............................................................................................................................................6 An introduction to product or service range supported by company data and industry trends.6 Describe and explain the key principles and techniques of successful selling relevant to the company.................................................................................................................................6 Describe the concept of ‘selling through others’ and explain the importance and advantages of using this sales technique. Use relevant examples to enhance your answer..........................7 Critically Analyse how these principles and techniques contribute to building and managing customer relationships. Use examples from your own organisation as well as from other organisations...........................................................................................................................8 Evaluate sales structures relevant to the product range..........................................................8 Critically assess the implementation of different sales structures, illustrating with specific organisational examples.........................................................................................................9 Explain sales strategies maximising profitability as a critical element of corporate account management within a defined sales structure.........................................................................9 Evaluate and recommend how an efficient sales structure can improve financial viability, and assist a strategic advantage over competitors.......................................................................10 A set of conclusions and recommendations feeding through to an executive summary......10 CONCLUSION..............................................................................................................................11 REFERENCES..............................................................................................................................12 2
INTRODUCTION Sales management is the procedure in which the company is planning to formulate decisions which are with the purpose to boost sales and to formulate those techniques which help to coordinate sales as well. Sales management is directly helpful or the business so as to maintain and increase sales of the product so due to which targets can be met(Anabila and Kumah, 2016). So it is beneficial for business as well as the owner to implement proper sales management strategy so as to deal with all the situations. In this report the innovative product undertaken is Heirloom Chili Pepper Subscription Box which is having the company name Homesweet Homegrown, and founded by Robyn Jasko. The report is covering a sales script and other information regarding products of Homesweet Homegrown. In the last section suggestions are given for improvements in overall venture. TASK 1 Sales Script Sales Pitch Salesperson: "Hello, Mrs. Alexa. My name is Steve and I am calling to convey about a distinct product which is Chile pepper subscription box, this will assist you to consume proper vegetables”. Prospect: " Thank you for giving me such information but can you please elaborate that how this will assist me as already I am in the habit of eating of healthy food”. Salesperson: “Our product is coming with bulk recipes of pickles so that you can enjoy these delicacies at any point of time throughout the year. Prospect: “This is amazing, so how many flavours are there in peppers.” Salesperson: “We are offering 40 flavours which are rare and filled with delicacies.” Prospect: "Okay thank you for conveying this information, but can you please give some more information about sales management that how your company offers ChilePepper Subscription Box?" Salesperson: “ Sales management is the primary business function which helps us to increase total sales by selling ChilePepper Subscription Boxand adopting numerous sales strategies”. In the current scenario the sales of our product which is ChilePepper Subscription Box can be enhanced by adopting various strategies and concepts as well within the same manner in 3
which innovative idea ofHomesweet Homegrown took place. The idea was innovated by Robyn Jasko who is founder of Homesweet Homegrown, the startup which is offering hot sauces and DOSE. With the help of this venture she tries to encourage other people to acknowledge their own diet irrespective of their location. In past years she had published several magazines and sites at global level which is about sustainable living, motives and the most basic way to live. Salesperson: “Various products are offered by Homesweet Homegrown such as natural spices which are organic, on the other side Robyn Jasko and her team is eager to share their naturally planted peppers with their new product that is Chile Pepper Subscription Box. At land in Kutztown 40 verities of uncommon pepper of all the ranges and warmth flavours, and then sipped to another nation so that individual may have experience of eating crisp peppers. Also, Chile Pepper Subscription Box has been considered as the scarcest bean stew pepper on the planet which is collected from homestead and offered to the overall market. Prospect: “Okay thank you for giving me such information. So further can please elaborate sales management principles within your company which are adopted to sellChili Pepper Subscription Box.” Salesperson: “Sales management is essential for the new productChili Pepper Subscription Boxbecause during sales process activities regarding sales takes place. In the business it is vital to execute different jobs such as dispersal ofChili Pepper Subscription Boxwithin various locations and distributing all resources to the required and right area. In the context of Homesweet Homegrown they are using sales management process so as to decide management of sales team, assigning them operations and functions. Chili Pepper Subscription Boxis product which is in the need of appropriate sales management so that the business may simply manage each and every action which is associated with sales. So required sales management principles are elaborated as under: Sales managers creates a difference:This is the primary function of sales management while sellingChili Pepper Subscription Box. It can be said that managerareplayingessentialrole within the sales process as they have all the required skills and knowledge. They are accountable for attaining goals and objectives of the business. Sales manager encourages sales personnelso as to finish their tasks within stipulated time limit. The good example of this is Herman Miller which is specifically an organisation which deals in business to business 4
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activities, where plans against sales manager and other personnel are made and adopted in a distinct way which is helpful so as to maintain healthy environment within workplace. This assists the business in enhancing their sales and overall productivity. Organisation efficiency-Efficiency is essential section of the business as this is making the business stronger. In the procedure of sales management so as to ascertain capabilities of staffs and other employees. In the context ofHomesweet Homegrown their overall productiveness can be enhanced. Chilli subscription box could have efficiently enhanced as organic chilli which will be high in their inbuilt qualities. Along with this the variability of peppers in their product range enhances which is providing wide opportunity of growth. This is helpful in increasing overall efficiency and organisational goodwill. Training:In the procedure of boosting sales ofChili Pepper Subscription Box, the most essentialelementisgivingtrainingsothattostimulateconfidencewithinrolesand responsibilities which is given to individual. With the help of appropriate training this provides skills and knowledge within workforce that helps them to achieve their targets and to become goal centric. So Homesweet Homegrown provides sessions for training and development for new and old employees so that to make them aware about those area where they require improvements. The sales manager of Starbucks uses user friendly features so that to train their employee in that way and for that they uses social media platform such as Facebook. Within these social platform proper planning by organising several contests so that to develop store location and to post jobs in a proper manner. So with the purpose of enhancing sales Homesweet Homegrown is required to increase their presence over social media platform and other websites. Positiveenvironment:Themanagementandmarketingaretwowiderconcepts.Sales management is positive environment is created so as to boost morale or employees and their retention within company. On the other side retention is dependent on inner culture and environment. In the context ofHomesweet Homegrown they are having optimistic environment so which gives them high sales and profit. Salesperson: “Hereafter, these are some important sales management principle which are required to stay focused by Homesweet Homegrown so as to new out to new destinations which may render them to attain their goals and all the aims regarding to sales. Prospect: “Okay this is enough information for me. I encourage the adopted innovation by the 5
company. And fir sure in future I am going to buy this product whenever the need for the same will arise to me. Salesperson: “Thank you sir for your precious time. Have a nice day sir” TASK 2 An introduction to product or service range supported by company data and industry trends. Robyn Jasko is the founder of Homesweet Homegrown has propounded a product which is seasonal product named Chile subscription box. With the main purpose to encourage organic farming they tried to pull students and customer so as to bring them close to nature, where they can get knowledge that how to produce Chile pepper with superior quality. Along with this the product is having useful life of three months and having various varieties in it. So ultimately the company is trying to offer various variety of Chile pepper which will have their own profile card made for the customers. So the place where customer will be able to enhance their own skills with respect to food preparation, scoville score, flavours and many forth which can be get for a single perpper which is planted by Homesweet Homegrown. On the other hand the company is having another product which is Chile pepper subscription box, this is having set of recipes which can be used so as by using pepper and adopting the given procedure. Describe and explain the key principles and techniques of successful selling relevant to the company. Every business organisation is planning to develop their own strategy for selling their product within marketplace, for this purpose business makes several techniques and procedure which are required to follow by business (Dechawatanapaisal, 2018). These principles help the business in boosting their sales in a considerable manner. On the other hand all the key aspects and techniques are required to be followed by the business so as to have business growth. Similarly, Homesweet Homegrown is keeping their major focus on selling of their innovative product which is Heirloom Pepper subscription box. Key principles of successful selling: Selling is all about relationships:This is the basic principle which helps he business to sell their new product which isHeirloom Chili Pepper Subscription Box. Detailed information is given to the customers about Chile pepper which is developing relations of 6
company with their customers. With the help of this the company is able to achieve their sales target in an efficient manner(Fornari, 2018). Price and value go hand in hand:In the current market every industry is having high level of competition. So with this reference selling their product by taking this principle as their main focus will lead successful market capture to Homesweet Homegrown. It is important for the company to keep price at that extent at which that value can be given to customers. Whereas with the help of making effective relations value can be enhanced in the mind of customer for their product which is Heirloom Chilli pepper(Swaim and et. al., 2016). Techniques of successful selling: Magnify the pain and make the cost real, present, and unbearable:This is the primary technique which can be used by Homesweet Homegrown so as to recognise market competition and their pricing strategy so as to identify the coming obstacle in the sales process. It is required to analyse the strategy which is opted by competitors in order to get assistance in making appropriate strategy and boosting sales. Help them sell themselves (AKA: Sales Aikido):It is said that best sales personnel do not try to sell that means they don’t convince people by talking, they persuade people by their efforts. So Homesweet Homegrown is trying to recruit those person who are having great sales tactics so that they can help the company in boosting sales ofHeirloom Chili Pepper Subscription Box. (Gotoh and Wakako, 2018) Don’t Over-Personalize the promotional campaign for enhancing the sales:The comaony is having major target to increase backing number which is currently 195. So this is their main focus so as to enhance this number in earliest time. Describe the concept of ‘selling through others’ and explain the importance and advantages of using this sales technique. Use relevant examples to enhance your answer. Selling the product with the help of other is the most common technique used in order to promote a product within marketplace by using famous channels. Retailer buys inventory from the manufacturer and reserves the right to return those products which remains unsold after a specific time limit (Guduru and et. al., 2016). In the context ofHomesweet Homegrown, they do not promote their product by personal selling as this is a costly method and this is highly 7
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beneficial for large companies so as to boost their sales. With the purpose of Heirloom Chili Pepper subscription box the company prefers to adopt word of mouth method so as to enhance productivity and to make their potential customer aware about their product as well. with the help of this method the company is able to enhance the market reputation of their company by putting efforts to render information about their product in the marketplace. Their product which is Heirloom Chili Pepper subscription box is a product which is developed within organic farms and a set of rarest chilli peppers. Along with this the company is having a thought that customer is ready to buy a product directly from suppliers. For example, Homesweet Homegrown s willing to sell their produict by using distinct selling plans and by making new strategies that may be useful so as to attain business objectives and to utilise adopted marketing strategies. Critically Analyse how these principles and techniques contribute to building and managing customer relationships. Use examples from your own organisation as well as from other organisations. All the above mentioned techniques helped Homesweet Homegrown so as to enhance their sales in a sequential manner. By adopting notion of Aikido sales and by adopting appropriate pricing strategy the company is able to create value for their product into the marketplace and to enhance their sales as well. On the contrary huge companies in UK such as Tesco they have adopted strategy which is contrast to this. As they came up with a product which is Too good to waste box so as to sell their products at cheaper rates compared to other companies. They had so many economic options to serve their customers such as wonky veg box of £5. This is not concluded that this is the best strategy that they could opt for but at the same time this gave them high profits in short run (Hinson, Adeola and Amartey, 2018) . Evaluate sales structures relevant to the product range. Geography structure is taken as the sales structure by Homesweet Homegrown as in their processofsalesandboostingsales.Thecompanyisrequiredtoenhancetheiroverall performance by selling verities of chilli pepper in the marketplace. The company has effectively recognised those areas where the demand of their Chili Pepper Subscription Box can be high so this structure is considered as appropriate to them. The areas where soil is fertile that is the best areas for the company to target their product so as to manage supply and meet demands. With 8
this structure the company is able to meet their customers demand in an effective manner. Similarly the person who is prone to eat healthy food is the major potential customer in order to serve them rarest chilli pepper so as to meet their needs. (Itani, Agnihotri and Dingus, 2017) Critically assess the implementation of different sales structures, illustrating with specific organisational examples. In the current scenario the company has taken geographical sales structure which is helping them to manage territory across their target areas. With the help of this method they will be having lowest chances to get duplication of their product as they have a limited area to cover and within those areas they have high controlling marketing tactics. On the other side it is analysed that in order to get high sales repetition the company is required to focus on various geographic areas which can be given to different salesmen. This is helpful for the company to grow their sales and to catch each and every portion of the geographic area in which they are targeting. Explain sales strategies maximising profitability as a critical element of corporate account management within a defined sales structure. In order to get high benefits over the new product the company is required to adopt efficient sales strategy so as to boost sales and earn super profits. Online selling approach could be the most beneficial as per their geographic structure. For corporate accounting this will be the vital portion as this can be utilised by them in an effective manner. With the help of social media, the same would be channelized so as to prepare marketing operations by using Facebook or instagram as their mediator and to cover large number of population in their operations (Kerzner, 2019). With the help of content which is written over social pages will help the company to develop awareness about their product and to boost their sales. Similarly practices of CSR is also helpful for the company to cover large audience for their product offering and to stimulate the benefits of their product which is to render health benefits. On the other hand by creating value for their product in the market will be helpful for them to enhance their customer base and sales repetitions. 9
Evaluate and recommend how an efficient sales structure can improve financial viability, and assist a strategic advantage over competitors. It is critical for the companies to use such a sales structure which will help the company in improvising their financial capabilities and assist them to take benefits over their rivals. For Homesweet Homegrown the have opted for geographical structure which is critical to them as for first the company is required to focus the area where soil is fertilised then they are required to select their target customer so as to pitch their product(Magerer, 2017). This segmentation helps the company to save money over marketing techniques which will give benefits to company over their profitability. Similarly this method helps the company to save their additional efforts within promotional channels so as to save their time and money as well. So this strategy is the most suitable strategy for Homesweet Homegrown in order to have tough competition against their rivals and to enhance their financial capabilities so as to get strategic benefits. A set of conclusions and recommendations feeding through to an executive summary. Conclusion:It can be concluded thatHomesweet Homegrown is having opportunity to boost their sales by marinating proper relations with their customers and by adapting distinct marketing tactics. On the other hand company is utilising their efficiency and trying to promote their product by using other people and their skills. Similarly the company is supposed to enhance value of their customer by charging appropriate price so that customer would be happy to buy that product. Recommendations:In the current scenario, it is suggested that Homesweet Homegrown is supposed to enhance needs which is immediate to the customer and for this they must use numerous selling tactics so as to boost sales of their innovative product which is Chile Pepper Subscription Box. Similarly the company is suggested to maintain their relation with customers so as to meet their expansion needs and to have leverage over regional level (Pöyry, Parvinen and McFarland, 2017). . 10
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CONCLUSION As form the above mentioned detailed report it can be concluded that sales management is having significant role within the company as this assist company in hitting several targets which are related to sales even in unstable business conditions(Skiba, Saini and Friend, 2016). The product was taken under this report was Heirloom Chile Pepper Subscription Box of the company Homesweet Homegrown in which the company is providing chilli pepper which is rarest on the planet and recipes which can be used to prepare pickle from peppers. Along with this it is said that by making appropriate sales structure the company is able to attract new investors which will help the company in their launching of new product in the marketplace. 11
REFERENCES Books and Journals Anabila, P. and Kumah, F., 2016. Selling and Sales Management. Bastos, C.S.S., 2018.Process modeling for sales management: critical analysis and improvement through information management technologies. Dechawatanapaisal, D., 2018. Employee retention: the effects of internal branding and brand attitudes in sales organizations.Personnel Review. Fornari, D., 2018.Trade marketing & sales management. EGEA spa. Gotoh, H. and Wakako, T., Panasonic Intellectual Property Management Co Ltd, 2018.Sales management device, sales management system, and sales management method. U.S. Patent Application 15/554,102. Guduru and et. al.,2016. Sales Management Portal. Hinson, R.E., Adeola, O. and Amartey, A.F.O., 2018.Sales Management: A Primer for Frontier Markets. IAP. Itani, O.S., Agnihotri, R. and Dingus, R., 2017. Social media use in B2b sales and its impact on competitive intelligence collection and adaptive selling: Examining the role of learning orientation as an enabler.Industrial Marketing Management,66, pp.64-79. Kerzner, H., 2019.Using the project management maturity model: strategic planning for project management. John Wiley & Sons. Magerer, L.K., 2017.A Mobile based accounting and sales management system for small retail shops(Doctoral dissertation, Strathmore University). Pöyry, E., Parvinen, P. and McFarland, R.G., 2017. Generating leads with sequential persuasion: should sales influence tactics be consistent or complementary?.Journal of Personal Selling & Sales Management.37(2). pp.89-99. Skiba, J., Saini, A. and Friend, S.B., 2016. The effect of managerial cost prioritization on sales force turnover.Journal of Business Research.69(12). pp.5917-5924. Swaim and et. al.,2016. Antecedents to effective sales and operations planning.Industrial Management & Data Systems. 12