Sales Management: Everything you Need to Know

Sales Management is all about knowing how to sell things better. It’s about discovering what customers want and showing how your product can help. In this blog, we will talk about all the smart ways people sell things. We will look at how to understand customers, use new tech to sell more, and keep customers happy so they come back. If you’re someone who sells things or if you manage a sales team, find out all about Sales Management in this blog, which also covers its criticality, process, roles, challenges encounters and ways of application.

Table of Contents  

1) What is Sales Management? 

2) Types of Sales Management

3) What are the responsibilities in Sales Management?

4) What are the objectives of Sales Management?

5)The process of Sales Management

6) Sales Management Techniques  

7) What is a Sales Management system? 

8) Benefits of using a Sales Management system 

9) Challenges faced in Sales Management 

10) Examples of tools to implement for Sales Management 

11) Careers in Sales Management

12) Conclusion

What is Sales Management? 

Sales Management is crucial for business success. Businesses need to set clear Sales objectives that are aligned with their goals. A properly aligned objective requires a Sales Manager to develop effective business strategies, plans and budgets to fulfil them.  

Additionally, an efficient Sales Manager recruits, trains, and motivates a skilled Sales team, equipping them with the necessary tools and resources. 

In addition, the Manager regularly assess the team's performance and provide training to point out their strong and the weak areas. Along with this, they additionally help to build great customer relationships, implement good Sales processes, and use data-driven methods to generate revenue growth while competitively staying ahead. 
 

 
 

Types of Sales Management 

There are many ways in which you can increase your sales and revenue. These types of Sales Management have different methods to approach a Sales target. Let us look at some of these types:

a) Business to Customer or B2C: In this type of Sales Management, the business operations directly cater to consumers. This method is often applied when the organisation asks the sales team to conduct aggressive marketing. 

b) Business to Business or B2B: This B2B type of Sales Management involves conducting business directly to the other business. Major goods or services are sold through this type of Sales Management. This method also calls for a longer Sales cycle. 

c) Software as a Service (SaaS): This method of Sales Management is used when a company plans to sell software services to businesses or customers. It generally comes with a subscription plan, when the software gets purchased. SaaS is conducted by contacting potential customers by phone, email or face-to-face- conversation. 

d) Enterprise Sales Management: In this type of Sales Management, the enterprise team advises the sales team on the types of enterprises or services that they need to sell to other businesses to generate revenue. There are Sales Engineers who are directly involved in making communication to large businesses regarding the opportunities in their firms.

Unlock the secrets of successful sales with our Sales Training Courses. Gain hands-on experience & expert knowledge that will help you close more deals and grow your business! 

What are the responsibilities in Sales Management

Sales Managers have a lot of responsibilities that are important for effectively managing Sales. Here are several key responsibilities:

a) Coaching: Sales Managers play the role of heads for their salesforce which involves coaching and doing development work. They offer coaching, error corrections, and sales abilities/product awareness assistance. They function as the compass for the salespersons to direct their paths, set goals, and attain all their aspirations.

b) Recruiting: Quality Sales Managers play a huge role in the process of bringing in stellar Sales talent. They stipulate the skills and qualities necessary to achieve high performance Sales teams then they conduct interviews and assess candidates to ascertain the strength of the team to provide what the organisation desires.

c) Shadowing: Sales Managers often shadow their Sales team members to observe their Sales calls, presentations, and customer interactions. By observing firsthand, they can identify areas for improvement, provide real-time feedback, and offer coaching to enhance Sales performance.  

d) Meeting and alignment: Sales Managers facilitate regular team meetings to ensure alignment and clarity. These meetings provide an opportunity to discuss Sales strategies, goals, and challenges. They also align Sales objectives with broader organisational goals, ensuring the sales team's efforts align with company objectives.

e) Reporting: Sales Managers are responsible for tracking and reporting Sales performance metrics. They monitor KPIs, such as sales revenue, conversion rates, and average deal size. They prepare reports to provide insights into sales performance and make informed decisions to drive sales growth.  

f) Managing time: Sales Managers must effectively manage their own time and that of their team members. They allocate time for coaching, training, meetings, and other activities to ensure a productive and efficient sales operation. They also help sales representatives manage their time effectively, prioritising tasks and focusing on high-value activities.  

Do you want to learn how to close Sales calls effectively? Register now for our Closing Sales Technique Masterclass now!

What are the objectives of Sales Management? 

Sales Management is an integral part of every organisation, whether a small or large. Understanding the objectives of this Sales Management helps you to determine the goals or targets for the organisation. Here are main objectives for a good Sales Management: 

a) To grow market share 

b) Increasing revenue generation 

c) Achieving targets 

d) Developing better professional relationships 

e) Increasing sales volume 

f) Increasing profits 

g) Increasing brand awareness 

Determining the objectives not only help the organisation to increase their revenue, but also clarifies strategic goals, targets, and values for long term. 

The process of Sales Management

 

a) Team building: Sales Management begins with building a high-performing Sales team. The team structure includes recruiting people with right Marketing Skills, experience, and attitude, developing a cooperative and supportive environment within teams. Sales Managers can focus on training, coaching, and developing their team members, and try to capitalise their team’s strong skills, with an aim of improving their weak points.

b) Targeting: Sales Managers along with their team look for and explore the possible markets for their products and customers segments. Besides that, they conduct market research and analysis with the purpose of finding out customer needs, preferences, and buying behaviours. They also pinpoint specific end target accounts or industries whose team members will then only focus on the most profitable sales opportunities.

c) Messaging: Sales Managers are the foremost staff to form pitching and value propositions that would be tempting for the customers. They train the members to provide information about the product or service features, benefits, and what is distinctive from their competitors which equip the sales team with the necessary information to conduct their sales operations well. They also guide how to tailor messages according to different customers and how to answer the problems that they are facing.

d) Discipline: Sales Managers establish and enforce Sales discipline within the team. This involves setting clear expectations, sales targets, and performance metrics. They outline Sales tasks and activities, and ensure they are implemented properly and in a way that is well coordinated and consistent. They closely follow and measure individual or group performance, offering feedback, coaching and other recommended actions to take to increase performance and get the team to any goal.

e) Enablement: Sales enablement is a process that involves providing the team members with work tools, relevant information and resources so that they could cope with the work challenges. Sales Managers make sure that the team can reach the latest product know-hows, Sales materials, the competitive analysis, as well as technical support. On top of that, they integrate Sales apps and systems of CRM and to optimise the process of sales, capture customers’ interactions, and handle leads accordingly.  

f) Motivation: Sales Managers play a key role in boosting team spirit and driving the sales force forward. They acknowledge and appreciate people, their achievements, providing attractive incentives, prizes and awards. They build a healthy and competitive game landscape, where employees not only compete with one another but also work hard to be the best version of themselves. Besides, they also allocate for the on-going training and development programs to upgrade their skills and keep the team motivated.  

g) Analytics: Data and analytics form a base for Sales Managers to get deeper understanding of Sales figures and reach well-grounded conclusions. They monitor Key Performance Indicators (KPIs) like Sales revenue, conversion, average deal size, and Sales cycle length. They also rely on analytics tools and CRM systems to analyse Sales data, search for new trends, evaluate the impact of Sales Strategy on Sales, and make high-quality management decisions to achieve better results.

Do you want to learn how to analyse Sales Analytics?  Then sign up now for our Sales Analytics Training now!

Sales Management Techniques

There are several techniques which are applied in Sales Management to achieve maximum profit. Some of these techniques are:

Talent management

Sales Management focuses on acquiring the right people for the job. Recruiting people with different backgrounds, different experiences on the same domain, gives opportunities to expand the sales field of the organisation. After recruiting the right people, the focus of the organisation is to maintain them for the long run. These Sales reps are trained with the latest sales knowledge and techniques to bring in more revenue. 

Feedback loops

The best part of Sales Management is its continuous feedback loop. Sales reps are quite aggressive in marketing. To let them know and their managers know about their performance, these feedback loops help the management, and the reps stay on top of their work.

They get to know their areas of improvement so that good amount of revenue can be generated. It is also important for the Sales reps to understand what they need to do and the transition for freshers into the management becomes considerably smooth. 

Tracking and forecasting

To have an efficient Sales Management it is very important to track the progress that the Sales team is making. With the help of tracking the team’s progress, the Sales team can predict any pattern or future trend that can have an effect on the sales of the team. Also due to real-time tracking, it becomes easy for Sales Managers to take any last-minute decision or adjustment. 

What is a Sales Management system? 

Due to the constant change in the Sales system, there has to be a uniform platform where the entire Sales team can work together, manage contacts and most importantly, track important deals. This is achieved by the Sales Management system which is a software that helps to make the entire sales process simple.

Nowadays, the Sales teams have started incorporating latest technologies for their Sales Management. All the organisation’s social media platforms, stakeholders, employees and the customers of the organisation can now be connected with this Sales Management system. This helps in extracting the relevant data which can be later used by the sales staff to draw patterns and predict future trends.

Transform your sales approach with our Sales Bootcamp Training. Join us now and take your sales skills to the next level! 

Benefits of using a Sales Management system 

Here you are going to learn some of the benefits of using Sales Management system. They are as follows: 

a) Using this Sales Management gives an insight in the customers' needs and demands. This system captures necessary data which helps in predicting any patterns and predicting future trends. 

b) This system captures the necessary details of customers, such as name, phone number, email address, etc., which helps the Sales reps in getting in touch with the customers and market the new products or services of the organisation.  

c) Collecting the necessary personal details, helps the Sales team to maintain a relationship with the customers, before during and after making a purchase. This constant communication helps the customers share their feedback, which the organisation can look into and provide better customer relationship in the future. 

d) This Sales Management system is especially useful, to draw reports and conduct analysis. Sales Managers can use these reports and make thorough analysis and set any future goals or targets for the team and the organisation. 

e) It also helps the sales team to be on top of their work all the time. They can track their progress on the deals and also prioritise important tasks. Sales Managers can check the progress of these tasks in real-time and make any adjustments if necessary. 

Challenges faced in Sales Management

No let’s discuss some of the challenges that are faced in Sales Management:

a) Finding and retaining talent: Attracting skilled sales professionals that are fit for the culture and values requires Sales Managers to be on look for and maintain the best talent. The appropriate hiring decisions contribute towards staff retention and engagement. 

b) Setting realistic targets: Setting the Sales targets is a complex task for Sales Managers as it should be realistic but at the same time encourage the team avoiding unachievable goals.

c)  Managing sales performance: Steady Sales performance at the team level might be difficult to guarantee. Sales Managers must identify and fix performance gaps, offer coaching and training, and implement performance plans for maintenance of productivity and at least the target achievement. 

d) Adapting to market changes: The Sales environment is under continuous transformation, and the Sales Managers must be dynamic enough to keep themselves updated with the market trends, customer bases, and participation with other competitors. Moreover, Sales Managers should closely monitor the industry changes, new technologies arising on the market, and what customers expect from products to bring those factors into Sales strategy planning.

e) Aligning Sales and marketing: Sales Managers` necessity is to develop efficient communication, ensure joint goals with Marketing Department and cover gaps between them to generate a coherent message and drive sales` growth. 

f) Managing sales territories: Maintaining optimal Sales territories can be difficult, even more in the case of geographically divided markets in which there is a lot of rivalry. Sales Managers are required to distribute the available resources based on priorities and provide equal leads to all sales representatives so that all territories are serviced adequately and receive full support from the Sales Manager.

g) Maintaining Sales team morale: Sales can be a demanding and high-pressure profession. Sales Managers need to foster a positive and motivating work environment to keep the team engaged and motivated, particularly during periods of intense competition or when facing Sales setbacks.  

h) Embracing technology: The rapid advancements in Sales technology can pose challenges for Sales Managers. They must stay updated with the latest tools and platforms, integrate technology into Sales processes effectively, and provide training and support to ensure the team maximises the benefits of technological advancements.  

i) Balancing administrative tasks: Sales Managers often juggle multiple responsibilities, including administrative tasks, reporting, and strategic planning. Balancing these demands while staying focused on coaching the team and driving sales can be a challenge.  

j) Handling Sales objections: Overcoming customer objections is a common challenge faced by Sales teams. Sales Managers must equip their team with objection-handling techniques, train them to address common objections effectively and provide ongoing support to navigate challenging sales situations.  

Learn the skills to handle Sales objections and increase prospects – register now for our Handling Sales Objective Training now!  

Examples of tools to implement for Sales Management 

Nowadays, Sales Managers are provided with a wide range of assistive tools, through which they can easily implement the most efficient Sales Management practices. Here are several examples of tools commonly used by Sales Managers:

a) Customer Relationship Management (CRM) systems: CRM systems are tools that give us information about customers' behaviours, supply us with leads, and provide a way for tracking Sales opportunities and managing pipeline. Sales Managers can leverage an immeasurable number of benefits with the integration of CRM systems. They can ensure customer data is properly managed by keeping track of contacts, communication history and customer purchases.

b) Sales performance analytics tools:  This tool helps the Sales Manager to analyse Sales data, track KPIs, and generate comprehensive reports. This analytics tool provides in-depth data on the Sales performance and provides explanation of why a customer does not choose a particular product. With the help of this Sales performance analytics tool, Managers can get the latest Sales trends description. For example: Tableau, Power BI, and Salesforce Analytics.

c) Sales enablement platforms: Through Sales enablement platforms, Sales teams are provided with multiple tools that are helpful in providing information and assets that the teams require in making sales. These platforms act as a basis of a centralised location for Sales collateral, product information, train materials and playbook. Some of these platforms are: Highspot, Showpad, and Seismic.

d) Sales forecasting tools: Forecasting instruments can help Sales Managers to anticipate the future Sales income using of historical data, market trends and etc. These tools fine-tune the accurate revenue forecasting, resources apportioning and most importantly, decision-making process.

e) Communication and collaboration tools: Sales Managers these days, use communication and collaboration tools to not only organise but also foster collaboration between team members. The use of collaboration tools allows for quick messaging, document exchange and video conferencing. Some of these are: Slack, Microsoft Teams, and Google Workspace. 

f) Lead generation and prospecting tools: Lead generation and prospecting instruments can show the Sales Managers the available leads and help them to choose the best ones. These tools automate lead generation, scoring, and nurturing processes which allow Sales Managers to concentrate on high-quality leads. Automation of these processes leaves ample time for Sales managers to focus on high-value leads. Some of these tools are LinkedIn Sales Navigator, Hubspot and ZoomInfo.

g) Sales training and learning management systems: Sales Managers can leverage application of training and learning systems management to create and deliver efficient sales related training sessions. Not only but also, these platforms facilitate e-learning that is based on interactivity, while at the same time offering quizzes for evaluation, and progress tracking for continuous learning and development. Examples of such LMS include MindTickle, Lessonly, and SAP Litmos. 

h) Proposal and contract management tools: Proposal and contract management tools help Sales Managers keep their ideas, plan and terms of the contract under the control. These tools of automation take care of documents drafting, flows of approval, and tracking of contracts helping to reduce data overload. Some of these are PandaDoc, DocuSign, Conga.

i) Territory management software: The goal of a territory management software is to effectively organise Sales territory, such as uniform load of targeted leads to each salesperson and appropriately allocate resources. These tools present visualisations of sealed territories, information on the customers that the business currently has, and the opportunity to assign territories to each employee. Some of the examples of this tool are: MapAnything, Badger Maps and Salesforce Territory Management among others.

j) Mobile Sales apps: Mobile Sales apps make it possible for Sales Managers and Salespeople to get the Sales data, customer essentials, etc., in real time with the help of these apps. These apps help employees in remote work and lets them update in no time which make things more productive. Here are some examples of Mobile Sales app – Salesforce Mobile, Hubspot Mobile and Zoho CRM Mobile.

Enhance your expertise with our Bid and Tender Management Skills Training. Sign up now and excel in managing bids! 

Careers in Sales Management

To understand the careers in Sales Management, let’s have a look at this table:
 

Job title	Primary responsibilities	Necessary skills and qualification	Potential career paths
Sales Manager	a) Developing Sales strategies b) Managing the Sales team c) Setting and tracking Sales targets	a) Leadership and team management  b) Strategic planning c) Communication skills d) Bachelor’s degree in Business or related field	a) Senior Sales Manager b) Director of Sales
Account Manager	a) Maintaining and growing relationships with existing accounts b) Understanding client needs c) Ensuring customer satisfaction	a) Relationship building b) Communication and negotiation c) Problem-solving d) Bachelor’s degree in Business or related field	a) Key Account Manager

 

Conclusion  

We hope you that from this blog you understood the key concepts of Sales Management and how it requires a combination of skills, strategies, and tools to drive Sales performance and achieve organisational goals. Efficient Sales Managers create a productive and motivated sales team, streamline processes, track performance, and make data-driven decisions. They are pivotal in driving sales success and achieving sustainable growth for their organisations.  

Maintain a great rapport with your customers and retain them, by signing up for the Building Rapport with Customers Course now!