09 Mar 2008 03:49:55 | Justin Hitt
If your company's sales are lacking or you are reaching into a
new market, outside business development staff could
significantly improve your profits. They are cost effective,
very profitable, and can easily expand your existing staff. One
caution, before you hire this kind of service from anyone
consider these things to help you develop realistic expectations
of what they will do for your company.
1. Outside business development people are not any faster than
your existing staff, they are just more profitable because they
focus on your strategic products.
2. They should enhance your existing staff, not replace them,
over the long term, your our people will continue sales to these
new customers.
3. They work for you in the best interest of the target
customer, do not be surprised if they take the prospects side to
create win-win situations for both of you.
4. They should be able to provide insights and have existing
relationships in your industry, hands-on experience with your
product is a plus while familiarity is necessary.
5. Mutually define channels of communications to convey leads,
register opportunities, qualifying prospects, and manage the
sales pipeline -- before you sign the contract.
6. Focus them on a single lead product with a separate marketing
plan you create together; this gives you a greater return when
you sell the new existing customer your backend products.
7. Their commissions pay their way, do not expect extra
consulting services, and take their retainer seriously because
they do.
With solid and accurate expectations, you will be greatly
satisfied with what outside business development people can do
for your company. It is a "pay for performance" for your sales
force and can reduce your overhead because you earn sales before
you pay out commissions. Think of these people as partners and
your products will reach qualified prospects you can keep
selling to forever.
About Author :
Justin Hitt, strategic relations consultant helping business
improve their sales and marketing processes with better customer
understanding. For more information on topics touch on in this
article, visit
http://www.justinhitt.com/archives/2002/04/index02.html