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Corporate Sales and Service Academy
WHAT IS A CORPORATE SALES ACADEMY?
A Corporate Sales Academy is your own company branded sales improvement structure which provides a framework for the development of excellence of your total sales force.
Your company branded Sales Academy will become a sustainable and developmental program in which all sales training, sales management training, knowledge management, e-learning and performance management are contained.
No more ad hoc, no follow-through and inefficient sales people development!!
Click here to view an example of a Corporate Sales Academy Curriculum
The reason why corporate sales academies have been developed is because:-
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Many organisations do not have a learning and development department and so any training of their people is done in an ad hoc way, particularly sales training. Often sales training comes about because a need arises such as - losing market share, new products to launch, growth requirements, a need to upskill, salesperson turnover or the increasing cost of buying talent. Often the training is ineffective, unsupported and non-customised.
If a Learning and Development group does exist in the business then we partner with them to develop the Academy.
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Many sales organisations don’t train their people at all, they tend to assume that they hire experienced sales people who are already trained. This view is very risky. There is a big difference between what a sales person will say they can do in a job interview – and what they actually can do!
One example from our experience is an Australian-wide well known company that had 30 salespeople across five state branches. When a real-time selling skills assessment was done of each of these 30 salespeople only five of them had reasonably good selling skills. 83% of the sales force couldn’t sell very well – they were professional visitors!
What do we mean by selling!
Many of these 25 sales people were making budgets and quotas but their targets were too soft and were ‘dumbed down’. In real terms they were costing the company money - rather than selling, negotiating and adding value - because:
a. they couldn’t articulate the company’s value proposition
b. they couldn’t clearly identify the customer’s and prospect’s real needs – basic skills such as questioning and listening were sadly lacking
c. they couldn’t negotiate and hold on to the margin and premium built in to the company’s added value offerings, so in all cases they could only sell on the basis of price and features. This meant that they either couldn’t win the business or they sold it too cheaply!
Most salespeople if they have not been trained properly, don’t even pay back their total cost of employment to the organisation that is employing them – salary, super, car costs, sick/holiday leave and additional on-costs.
There are many sales people who have not been trained professionally who are costing their companies lots of money and lots of growth opportunities.
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Most Sales Managers have also not been trained professionally. In most instances they were promoted to Sales Manager because they were a very good sales person. But the work of a Sales Manager is massively different to the work of a sales person.
A Sales Manager must lead and manage his/her sales team - not make sales calls or sit in offices. Many sales managers don’t manage their salespeople well and it is evident as:
a. they can’t hire properly – high turnover of sales people
b. they don’t develop their people well - too many underperformers are tolerated
c. they don’t know how to skill them and train them – the ramp up time is too long
d. they don’t know how to motivate them and coach them – good people leave and true potential is not tapped
Many Sales Managers also cost the business money because they don’t provide a greater return on the sum total of their own total cost of employment plus that of their sales team.
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Conclusion
The major purpose for developing your Corporate Sales Academy is to significantly increase the profitability, performance and productivity of your sales organisation across sales management, key account management, field sales, telephone sales and retail sales.
The Role of Perform Solutions International Pty Ltd
Our approach is to form a medium to long term partnership with you.
We look at the total skills, knowledge, systems and processes of sales people and sales management across the organisation and align these to the business objectives and strategic plans.
We create, with you, a development plan for the sales organisation that generally needs to take a minimum 2-3 years to develop the salespeople and sales managers to their required capability levels.
Over a 3-5 year period the longer term goal is to create the equivalent of a world class sales organisation in your markets, in your sales environment.
Who buys a corporate sales academy?
It is the MD or CEO who is going to see the value and be willing to invest in a Corporate Sales Academy.
National Sales Managers might alert the CEO of its potential and value.
HOW DO YOU GET STARTED?
The Key Success Factors for a successful Corporate Sales Academy are:
- Strong commitment from the MD/CEO that this is important to the business strategically for the medium to long term.
- The selection internally of a senior manager to the role of Dean of Students or Chief Learning Officer. This person commits to an eighteen months to two year role as
- Senior Manager to liaise with Perform Solutions International
- Coordinates senior managers, sales managers and sales people to roll out the training
- Assists PSI in customising the training to your needs and sales environment
- Lead project manager for the learning management system and knowledge capture in your company
- Head of the Corporate Sales Academy in your organisation and is responsible for the budget.
- Follows up all skills and process assessments to embed the changes in people and the business
- Responsibility for capturing and sharing results, wins and learnings
- A third key success factor is that PSI involves all sales management from the beginning so they have input to what they need and want, and provide their acceptance and commitment. They identify key sales people who will be involved in developing the best practice information that is inputted into the sales academy courses.
- The next step consists of best practice workshops with the top salespeople. The purpose of these workshops and interviews is to extract the key knowledge, the key ‘smarts’, the key processes, the key strategies, the key skills that exist in the minds and capabilities of the organisation’s top salespeople. These need to be extracted and understood so that they are incorporated into the sales development programme for sales staff and sales managers.
- Then the development curriculum is created and presented to senior management for approval.
- The program is rolled out. Induction programs and materials are developed, courses are developed and run, assessments are developed and results are recorded. Quarterly meetings are held to track progress and results.
- It is critical that a Learning Management System is developed so that all of the training programs can be reinforced. It is also critical for the business for the longer term that specialist knowledge in the business is captured and able to be transferred.
- In the latter 9-12 months of the first year of the programme, enough results have been recorded to identify the return on investment. All sales manager and salespeople are expected to identify in what ways the sales training and sales development is impacting positively on their business and helping them win additional business and retain existing accounts. These are recorded as testimonies to provide quantitative and qualitative evidence of the return on investment.
- Next it is critical to create a 2-5 year Strategic Plan that provides the big picture view of the role of the Sales Academy in aligning with the business objectives to help the business go where it needs to go with a skilled sales force and effective sales systems and processes.
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What is the Cost and ROI?
The investment in your Corporate Sales Academy will be approximately 0.2% to 0.5% of Gross Sales per year – on the high side initially, and tapering off after 2-3 years. Or, the cost can be calculated as 2- 5% of payroll.
The return is greater than 100%.
The investment per Sales Manager and Sales Person will range from $2,000 - $5,000 per person depending upon the current capability level and where the goal is and the timeframe.
A critical goal of the Sales Academy is that it must not only pay for itself in the first year but must also produce significant revenue gains.
We introduce a 30,60,90 and 120 day measurement methodology to track the improvement in sales results.
Frequently Asked Questions
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Retention – If I train my sales people they leave and we waste our money.
Trained salespeople stay. The retention level with trained salespeople is on average 20% higher than with untrained salespeople who leave and go elsewhere. Untrained sales people cost your business money, they cost you customers and they also don’t cover the total cost of their employment.
The case for the Sales Academy is that it puts the training and development of your Sales Managers and Sales People into a structured framework to develop them over a period of time to increase their skill levels, their capability, their motivation, their leadership capacity and their capability to engage with customers and sell much higher value offerings for the business
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Cost Effectiveness - How cost effective is the program?
- If sales training is not consistently reinforced and followed through by the Sales Managers it quickly loses its shine and results are not achieved. One program we have in place is “Coaching of the Coaches” which drives the capability and commitment of the Sales Managers to develop and coach their sales people to new levels of performance.
- Most sales organisations need to take a long-term view of the development of their sales organisations and not approach it on an ad hoc basis when they have some spare money or pressures from the market. A committed, consistent longer-term perspective means that the whole sales organisation is aligned, focussed and strategically targeting the areas that the business needs. It is also critical that sales aligns with marketing, production and distribution.
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What is the role of Perform Solutions International?
We partner with your organisation.
All of the training is customised to your own business so that Sales Managers and Salespeople feel that it is relevant and specific to their needs.
The role of Perform Solutions is to act as the Dean of Studies which means to bring in best practice providers for the needs of the organisation. We are specialists in developing people for proven business excellence.
We are specialists specifically in developing sales people and sales managers, have been doing this for over 15 years and we have substantial knowledge of what is required and needed to develop sales people, sales managers and sales organisations.
But we don’t profess to be the experts across every facet of that.
We have definite specialist capabilities and where they exist we do the delivery.
But where there are specialists in other areas required, then since we know the market very well, we know the providers, we bring in for you the best in class providers in those particulars areas.
The specialist capability areas of Perform Solutions are external selling skills, sales management skills, leadership skills, negotiation skills, team collaboration, customer service skills, presentation skills, train the trainer.
Areas in which we bring in other specialists are telephone selling, retail selling, strategic selling, key account management, high level tendering and pitching, business acumen and financial acumen.
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Will we be locked into a contract?
You will not be locked in. The Terms of Engagement Agreement we ask to be signed is to formalise our working arrangement. We ask you to be committed to your own development. We understand that market forces change and there is a need to pull back on the level of commitment due to the fact that funds need to be redirected elsewhere. From our past experience this often severs the relationship, but when the market picks up or new needs arise it is time consuming, costly and inefficient to find another provider.
We can work in the background to keep the Sales Academy functioning and adding value to the business at a low cost, and it can be ramped up when the market improves.
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How do we know that we are actually getting the best?
You are getting some of the best sales trainers and sales people knowledgeable in the sales training market.
We have been very well trained by top organisations in the world. We have over 30 years of combined experience in sales training, sales management and as salespeople.
We also know a significant number of other providers in the Australian and Asian market and so we have access to some of the best trainers and the best training companies in the Asia Pacific market.
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Perform Solutions International Pty Ltd
Bill Carson
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0433 348 318
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