Sales Methodology -Explained
What is a Sales Methodology?
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
Table of ContentsWhat is a Sales Methodology?How is a Sales Methodology Used?Academic Research on Sales Methodology
What is a Sales Methodology?
A sales methodology refers to an approach employed by sales consultants in developing their sales skills and sales processes. Sales methodologies differ from business to business but they basically describe the peculiar approaches that sellers use in achieving sales success. A good practice of sales methodology means that members of a sales team are equipped with skills and frameworks that will help them become expert sales representatives. Because there are many sales methodologies, there are also many training vendors and consultants such as Consultative Selling, SPIN Selling, Provocative Selling and others. For any business that wants to attract a good range of customers, a good sales methodology must be put in place.
Back to: MARKETING, SALES, ADVERTISING, & PR
How is a Sales Methodology Used?
Sales methodologies are essential for businesses that want to grow to a maximum level of impact. However, before you opt for any sales methodology, your business must have a specific focus. A good understanding of the problems your business wants to solve and the kinds of customers you want to attract will help in selecting a suitable sales methodology. For instance, SPIN Selling dived into a methodology to understand and probe into customer problems while Miller Heiman's Large Account Selling focused on the expansion of large accounts. Hence, specific focus is crucial to sales methodologies. Quite a number of people often ask how they can know if their sales process align with their selected sales methodology. This is because in most cases, sales methodologies are confused with sales processes but these two terms are different. Every sales methodology has a general sales process encoded in it but this not mean a seller should have his unique sales process. But if an organization lacks an original sales process, the generic sales process can be embraced. However, there is a downside of generic sales process because it means that an organization will have to sell different products the same way. Hence, it i important that a seller has a unique selling process that a sales methodology can adapt to. Getting a sales methodology that suits the type of company or organization is essential. Selecting a sales methodology that is right for your company depends on the standards and priorities of your company. This means that you need to choose a sales methodology that matches your priorities. There are other ways to choose the sales methodology that fits your company, one of them is selecting the best methodology. The rationale behind this is that the best methodology will also align with the standards and priorities of your firm. Also, you can leverage on a number of methodologies to create your own unique methodology.