You want to set sales goals that are achievable. What’s the best way to do it?
Setting sales goals that are achievable is crucial for motivating your sales team, measuring their performance, and aligning your strategy with your vision. But how do you find the right balance between challenging and realistic? Here are some tips to help you create effective sales goals that drive results.
A good way to ensure your sales goals are achievable is to use the SMART criteria: specific, measurable, attainable, relevant, and time-bound. This means you should define your goals clearly, quantify them with metrics, set them within reach, align them with your business objectives, and assign them a deadline. For example, instead of saying "increase sales", you could say "increase sales by 10% in the next quarter by targeting new prospects in the XYZ industry".
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Shamanta Katherine Aguilar Estrella
Ventas VIP/ Responsable Comercial | Venta digital | Gestión de cartera | Venta Inmobiliaria
Como responsable comercial, estoy totalmente de acuerdo en la importancia de manejar objetivos, específicos, medibles, alcanzables, relevantes y por supuesto con un tiempo definido ya que es el camino correcto para enfocar nuestros esfuerzos de manera efectiva y maximizar nuestro rendimiento, ademas de facilitar el seguimiento y evaluación del progreso. Particularmente en mi empresa, lo manejamos mensualmente de acuerdo a un histórico de ventas y evaluamos el incremento de estas metas cada año de cara al siguiente.
Another way to make your sales goals more achievable is to break them down into smaller, manageable steps that lead to the desired outcome. This will help you track your progress, identify gaps, and adjust your tactics as needed. For example, if your goal is to increase sales by 10% in the next quarter, you could break it down into steps such as "generate 50 new leads per month", "follow up with 80% of leads within 24 hours", "close 20% of qualified opportunities", and so on.
A common mistake that can make your sales goals unrealistic is to ignore the resources you have available to achieve them. Resources include your budget, your tools, your time, and your people. You should assess your current situation and determine what you can leverage, what you need to acquire, and what you need to optimize. For example, if your goal is to target new prospects in the XYZ industry, you should consider if you have enough funds for marketing campaigns, if you have the right software for lead generation and CRM, if you have enough time to research and contact prospects, and if you have enough skilled and trained sales reps for that segment.
One of the best ways to make your sales goals achievable is to involve your sales team in the process of setting and reviewing them. Your sales team is the one who will execute your strategy and face the challenges on the ground, so their input and feedback are valuable. By involving them, you can ensure that your goals are aligned with their capabilities, expectations, and motivations. You can also foster a sense of ownership, accountability, and collaboration among your sales reps. For example, you could ask your sales team to suggest ideas for improving sales performance, to share their insights on the market and the customers, to set their own individual goals based on their strengths and weaknesses, and to review their results and challenges regularly.
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Shamanta Katherine Aguilar Estrella
Ventas VIP/ Responsable Comercial | Venta digital | Gestión de cartera | Venta Inmobiliaria
Creo fielmente lo importante de estar en contacto directo con el equipo de ventas para el desarrollo de un feedback global, no solo del seguimiento a la cartera de clientes, sino de toda la experiencia en el proceso interno comercial, ya que no hay mejor manera de optimizar procesos con información de primera mano de quienes día a día ejecutan el protocolo operativo y resuelven casuísticas, además refuerza el sentido de pertenencia con la empresa al sentirse considerados.
Finally, to make sure your sales goals are achievable, you need to monitor and evaluate them regularly. This means you should measure your progress against your metrics, analyze your data, and report your findings. You should also celebrate your wins, recognize your achievements, and reward your efforts. At the same time, you should identify your problems, learn from your mistakes, and implement corrective actions. For example, you could use dashboards and reports to track your sales performance, hold weekly or monthly meetings to discuss your results and challenges, and conduct quarterly or annual reviews to assess your overall performance and adjust your goals as needed.
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