Sales Development

Sales Development

3 important components

Salome Mikadze's portrait
Salome Mikadze
COO at Movadex
Sales Development

The lifecycle of a business heavily relies on the processes it is actively involved it, like marketing, recruitment, and more. Business itself is a compilation of various tools and skills that are put in sync to make the company successful. The growing number of customers enable the business to grow and sustain its position in the market. No business can survive without an effective sales development process that should include a quality CRM platform, content management, lead qualification, sales analytics, and feedback channels. Sales Funnel

Why sales development plays an important role

A clear and straightforward sales development process makes it possible for a team to be more productive and turn qualified leads into prospects faster. At the end of the day, any business depends on its customers who buy from the company and, therefore, let it generate sales. Let’s dive into each component of sales development.

A CRM (Customer Relationship Management) platform

The platform allows organizing and tracking the whole process of new lead generation and prospect classification. The right software will help you and your team take care of prospecting, lead qualification, customer background/research as well as have higher chances of converting leads into loyal customers. The platform you choose must have contact management, deal stages, daily dashboard, reporting, and integrations with marketing automation tools.

A lead qualification system

Attracting and generating leads are an integral part of marketing and sales efforts at a company. It’s important to help the customer throughout the buying journey and do you best to close as many deals as possible. Your marketing team should assess the level of leads’ interest in your product or service to determine what influences their purchasing decisions the most. It’s important to remember that lead qualification can happen only when a prospect has a need that they are aware of and that your business can meet. Companies often “uncover” a need and present it to the target audience that then decides for itself whether or not the need is dire enough. Effective marketing, of course, attributes a great deal of significance to the said need.

Analytics tools

Nothing can bring more insights into a decision-making process than data. Data make it possible to align the main objectives of the company with the key decisions it makes. Sales materials are only effective if they produce the needed results when put to use. Therefore, you need to have a process in place that will analyze their performance as well as any quantifiable elements of sales within your company, e.x. number of calls, lead conversion rate, and revenue growth. Sales Cycle The list of crucial components of sales development doesn’t end here. Anything related to content management, feedback, and collaboration deserves no less attention from sales professionals at a company. You need to make sure that each component is implemented competently which will enable you to confidently move from one step to another and bring you closer to success. Like in any other business endeavor, team work makes substantial difference which is why you should set your team up for sales success and communicate how transformative each person’s contribution can be in the process.