Sales planning
step by step

Sales is a very important part of any business. Without it, no production would make sense. The key to effective sales is proper preparation. What should comprehensive step-by-step sales planning look like? And what elements of a sales strategy should be included in it?

What will you learn from the article?

In today's rapidly changing business world, where competition never sleeps, a key element of any company's success is an effective sales strategy. Sales planning is no longer a matter of choice, but a necessity that allows not only to increase sales, but also to maintain the stability and growth of the company in the long term. In this post, we will look at various sales planning methods, the elements that every sales strategy should include and ways to estimate sales.

We will also present examples of effective activities that can inspire you to create your own sales strategies, which will constitute the basis for the long-term development of the company. By reading further, you will discover how to precisely plan and implement a sales strategy that will not only respond to current market needs, but also provide your company with a strong market position.

What are the sales planning methods?

Sales planning is a specific preparation for effective business operations. This process determines the steps that the company should take to achieve specific goals, facilitates making important decisions leading to the implementation of the assumed market, marketing and promotional strategy. 

Comprehensive sales planning brings benefits on many levels. First of all, it leads to the optimal use of the company's resources and, consequently, reduces production costs. The company does not produce "on the other hand", rationally distributes its resources and does not expose itself to unnecessary losses. Sales planning allows you to reduce the level of accumulated inventory, which translates into lower storage costs. In addition, it increases the availability of goods at individual points of use, stores and other points. 

Sales planning is the basis for effective activities. Thanks to it, the company knows what to expect from the market, reacts quickly to any changes and quickly implements appropriate solutions that ensure smooth sales. Sales planning should be an element strategic management in the enterprise. This process translates into the improvement of many processes, which maximizes the company's efficiency and ensures its stable position on the market. 

What elements should a sales strategy include?

The first and most important stage of sales planning is the definition and analysis of the target group. The better and more detailed we indicate and define the recipients, the more effective sales activities we will be able to conduct.

At this stage, it is worth remembering about customer segmentation, i.e. dividing them according to specific categories - preferences, needs, expectations regarding goods and products and belonging to a specific social group.

Customer segmentation will facilitate effective management of the sales process. It will indicate what steps to take to reach a specific target group, as well as what tools and elements of the sales message to use to be successful.

In the sales planning process, it is important to define the unique characteristics of the product, brand attributes and other elements that distinguish it from the competition. The values of the product or brand strengthen the language of sales, and thus facilitate the achievement of sales goals. 

An important step in sales planning is choosing the right pricing strategy. Pricing strategy is the determination of the value of the products or services offered in order to maximize profits and generate high market share. In order to accurately define your pricing strategy, you should consider:

• costs of manufacturing or purchasing the product,
• current market situation,
• price trends on the market, i.e. the prices of competitive products,
• demand,
• economic conditions,
• actions and competitiveness of market rivals.

The most commonly used strategies include:

• skimming, i.e. collecting cream - setting inflated prices to emphasize the exclusivity of the product,
• market penetration - offering very low prices in order to maximize profits and gain a large market share,
• imitation - offering prices similar to those of competing products.

The sales development strategy is also a detailed analysis of competition, including constant identification of the company's position in the industry in relation to market rivals. In the competition analysis, it is worth taking into account the marketing strategies used, market shares held, product distribution channels used and customer opinions. The data obtained in the study are the basis for determining the company's strengths and weaknesses, which helps in strategic sales planning.

Sales planning – what else to take into account?

In the sales planning process, it is also worth considering:

• macroeconomic and political trends - how the current economic / political situation may affect the functioning of the company,
• seasonality of sales - changes in value and customer needs depending on specific factors, i.e. season, crises,
• analysis of existing sales activities,
• the size of the sales team,
• evaluation of the sales team's potential,
• specific sales goals. 

How to estimate sales?

It is worth starting sales planning by determining the annual sales amount. Then, divide the value by 12 months and estimate whether the plan is possible to implement given the current number of employees, company value, resources and marketing support.

It is good practice to leave about a 10 percent margin of error. It is better to set a slightly lower sales target and achieve it without any problems than to expose the company to unnecessary financial losses and other problems.

The human factor is of key importance in sales planning. It is the employees who largely determine the efficiency and effectiveness of the enterprise. Each employer must provide employees with appropriate conditions for development and acquiring new competences. Moreover, it should offer them favorable employment conditions, foster a good atmosphere at work and motivate them to act. Such actions undoubtedly  will increase employee productivity.

Planning and sales strategy also means determining KPIs, i.e. key performance indicators used to measure the results of the activities carried out. KPIs it is worth defining individually for each trader, depending on his seniority and capabilities. 

Sales strategy examples of effective actions

Sales strategy management is a key element of any company's success. Competition is increasing these days, so you have to be innovative and proactive. There are many effective actions that any business can take to increase its revenue. One way is to use analytics. Data analysis allows you to understand which products or services are the most popular, which allows you to tailor the offer to the needs of customers.

Another idea is to optimize the sales process. For example, order fulfillment times can be shortened, which increases customer satisfaction and speeds up business processes. The application of these and other sales strategies is crucial for the success of any company and should be the basis for planning activities for the coming years.

Co jest niezbędne dla powodzenia strategii rozwoju firmy?

Nowadays, where the competition on the market is increasing, an effective sales strategy is crucial for the company's development. It is not only a matter of sales skills, but also the level of involvement in the process. Therefore, in order to effectively manage a company, it is necessary to develop a solid sales strategy that will attract new customers as well as maintain the loyalty of existing ones.

Building a sales strategy is a process. Requires a specific action plan. In order to achieve the assumed sales results, it is necessary to develop customer acquisition procedures, and thus improve the sales funnel. By implementing an appropriate strategy, the company contributes to business development and creates an opportunity to attract potential customers even more effectively.

Creating an effective sales plan is crucial for every company that wants to achieve the best sales planning results and constantly develop its business. An effective sales plan allows you to understand and anticipate market needs, as well as adapt your company's strategies to them. All this is necessary to maintain competitiveness and achieve financial goals. In practice, every company needs a sales plan. It must be well thought out, realistic and flexible, allowing for a quick response to market changes. Developing such a plan requires understanding customer needs and expectations. It also requires analysis of market data and industry trends, which is the basis for planning effective promotional and sales activities.

Therefore, investing in creating an effective sales plan is an investment in the future of the company. It opens the way to achieving better sales results and building a lasting competitive advantage on the market.