techniques of sales motivation

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    Techniques of salesTechniques of sales

    motivationmotivation

    KARTHIK RAVINDRAN ( 08D1011)ARUN KALLUPALAM (08D1006)

    ADITYA AGARWAL(08D1003)ANKIT PODDAR(08D1004

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    MotivationMotivation

    y Motivation - What is it?

    y Sales motivation is not an object.

    y It can not be passed from one person to

    another.

    y No onecan give it to you, or take it awayfrom you.

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    y Motivation is not something you have.

    y It'ssomething you do. Think of motivation asaverb, not a noun.

    y Asasales manager we often hear thecry, I need

    motivating.

    y Usually from asalesperson that was reactingnegatively to events or situations.

    y They look to their manager or trainer to motivatethem.

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    Sales Motivation TechniquesSales Motivation Techniques

    y Use it asaself motivation training tool.

    y A short blast of positivity to get you backto aselling state.

    y Gain an advantage over thecompetitionas you maintain aconfident selling state.

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    Five most effective techniques.Five most effective techniques.

    y The manager personally congratulatesemployeeswho do agood job whenever they perform exceptionally well.

    y The manager writes personal notesabout their goodperformance.

    y The organization use performanceas the basis for

    promotion.

    y The manager publicly recognizesemployees for goodperformance.

    y The manager holds morale-building meetings to celebratesuccesses.

    y (Source: Dr. Gerald Graham, PhD. Management)

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    Employee motivation programsEmployee motivation programsincludesincludes

    y 1) Positive reinforcement along with high expectations,provide training when necessary.

    y

    2) Treat people fairly, with respect, and honestly.

    y

    3) Understanding andaddressing employee needs.

    y

    4) Teach employees how to set work related goals.

    y

    5) Restructure or reorganize jobsand job descriptionswhen necessary.

    y

    6) Havea rewardssystem based on job performance.

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    TYPES OF REWARD PROGRAMSTYPES OF REWARD PROGRAMS

    y VARIABLE PAY Variable pay or pay-for-performance isacompensation program in which a portion ofa person's pay isconsidered "at risk.

    y BONUSES. They usually reward individualaccomplishment andare frequently used in sales organizations to encouragesalespersons to generateadditional business or higher profits.

    y PROFIT SHARING Profit-sharing refers to thestrategy ofcreating a pool of monies to bedisbursed to employees by taking

    astated percentage ofacompany's profits.

    y STOCK OPTIONSPreviously the territory of upper managementandlargecompanies, stock options have becomean increasinglypopular method in recent years of rewarding middle managementand other employees in both maturecompaniesandstart-ups.

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    Reward programs by DELLReward programs by DELL

    They offer acomprehensiveemployee

    benefits package that allows you to :y chooseand build your own health plan,

    y participate in health improvementprograms to maintain,

    y improveand manage your health,y and improve your personal financial

    bottom line via our 401(k),

    y and incentivecash and/or bonus plans.