A sale is a commercial act exchanging goods
and services for money or other agreed compensation. In sales, individuals set
expected or desired target sales based on previous personal performances or
sales targets set by others in a sales team. In our personal lives we set
ourselves goals that we wish to achieve - new car, new home and other desired
assets. Some want to improve their health, while others may have long term
goals regarding their retirement.
In sales it is necessary to set such goals,
both short term and long, if success is to be achieved. Sales goals need to be
tuned into reality, thought out, and be realistically reachable while still making
a difference. Often people fail because they set the wrong goals or they are
set too high, this is setting yourself up for failure before even starting.
Sales Target Setting is Important for Success
Sales goals should be well defined and
detailed, saying that a number will be hit or that you want to beat the top
sales person is not enough. The incremental steps to what will be done to
achieve those goals should be written down, and they are the individual's goals
not those of others. Working out how many sales it will take to pay bills for
example, home loan, car payments, living expenses are not goals, they are
needs. A salesperson should recognize the difference between goals and needs.
Goals should surpass needs. Using needs as
goals often means that they are just reached or can also fall short. Goals
should be set higher than basic needs so when they are achieved, those needs
are taken care of and more, and if sales fall short those needs are still taken
care of.
Sales targets work on conversions for
example, if it takes 20 presentations or calls to achieve five sales, this is
the base. If a goal/target is set at 15 sales to be reached in a month, then it
stands to reason that it will take 60 calls or presentations. Therefore, the
goal for that month must be to make 70 calls or presentations, setting the goal
higher than the basis to help achieve, or preferably to surpass.
When making several goals they should share
common elements, goals need to be put in writing, and they must be clear and specific,
with defined dates for deadlines. Goals should also be set beyond reach but
also be realistically reachable. Sales goals should be evaluated every day and
have incremental steps and milestones.
Online Sales
Sales and marketing plans may include online
sales. Maximizing sales online involves a certain amount of testing. Sell one
product on your website using social media advertising or search engine
advertising as these methods can closely target your niche audience. This form
of advertisement provides clear conversions in respect to how many sales are
achieved versus clicks per ad. SEO (search engine optimization) is important to
making sales online; good content is needed, rich in keywords that are relevant
to the products and services being sold, and that are being used to search the
Internet by potential clients.