No amount of creativity or product superiority will be advantageous unless the pharmaceutical company is able to get its product to the market and into the hands of the end user. It is so important to choose a top notch sales and marketing team, training them in the overall benefits and value of the products, as well as the fundamental strategies necessary to be able to achieve a desired result in the market. Sales force effectiveness is of such critical importance, yet it is often poorly reviewed or supervised. Generally, pharmaceutical consultants have the desired levels of training to be able to motivate the company sales force, resulting in considerable financial gain due to elevated efficiency.
Have you ever heard of the saying, coined by a famous football coach – “winning isn’t everything, it’s the only thing!” Remember to keep this mindset engaged at all times. After all, a sale is either won or lost and a lost sale is of no value whatsoever, experience gained and contacts made notwithstanding.
Motivation is so important and a pharmaceutical consulting firm will help create an array of appropriate measurement tools. It is important to remember that activity levels are not the “be all and end all” of sales. It should be remembered that sales volume by itself is not an indicator of efficient activity by the sales executive, as it must be related to value. The creation of the account must foster a value relationship between all the principals, quite apart from the raw dollar amounts involved. It is important to align the buyer’s strategy and position with the company’s. Sales people should not be incentivised unless there is a clear gain for the company and the client achieves value, thereby cementing the relationship.
Levels of incentive must be tied to achievable and attainable levels and goals. There must be a tangible carrot at the end of the road and achievable targets should lead to further incentives on a structured basis. If the sales executive is able to “get” to an end result, then he or she will not be adequately motivated to reach even further and keep working.
Time management is essential and while a sales manager will undoubtedly have administrative elements to take care of, the company should make sure that he or she is able to complete these as efficiently as possible, using provided, high-efficiency tools as needed. Did you know that many sales executives actually spend less than 25% of their time in direct communication with clients?
We can see that for the sales team to be effective, each member must be adequately trained and furthermore must engage in a process of ongoing training. This will include not only product education but also sales technique and delivery elements as well as time management and application theory, with the science of personal inter-communication. Bring in pharma consulting experts to get the mix right.
Alan Gillies is the CEO of L2L Consulting, a cutting-edge pharma consultancy firm which specialises in optimising productivity and performance within international companies by applying tailored organisational strategies.