Techniques that reduce salesforce frustration

The failure of management to recognize frustration in sales personnel, or management's failure to manage frustration appropriately, can result in salespersons engaging in counter-productive behaviors that may lead to low sales productivity, a failure to achieve sales objectives, or customer ill-will. Salespeople must be equipped to work successfully in potentially frustrating situations. This article reports the results of a study that suggest which selling techniques can assist salespeople in reducing or avoiding commonly occuring frustrating sales situations.     

A survey of sales management practices

When ascertaining what sales management tools and practices to use, one approach would be for sales managers to compare the tools and practices they are presently using (or contemplating) with those used in other firms. This article provides sales managers with the opportunity for such a comparison by presenting the results of a study that examined what tools and practices sales managers are currently employing.     

Estimating Market Growth for New Products: An Analogical Diffusion Model Approach

There has been a lot of interest in diffusion models as a basis for prelaunch estimates of the sales of new products, and indeed there have been several models developed that have achieved fairly good acceptance by new product managers. One of the limitations of such models, however, has been the requirement that a sales history for the new product, even a short one from a test market, for example, be available to derive the parameters of the model. For some types of products—consumer durables, services, industrial products, for example—a sales history isn't available. In this article, Professor Robert Thomas suggests some steps toward the development of models that incorporate the attractive features of diffusion models. His approach is to use, in a systematic way, the sales histories of products that can be considered to have analogous features from a buyer's point of view. He illustrates the approach by forecasting the sales of a new service.     

Salesforce selection that meets federal regulation and management needs

A key problem for industrial marketing management is to develop a selection process that is both legally valid and managerially useful. By applying a selection approach which incorporates both a sequential selection process and a validation procedure, industrial marketers should be able to make better hiring decisions as well as comply with existing governmental regulations.     

Improving mail survey responses from industrial organizations

A considerable amount of evidence has shown that some of the techniques that enhance response in mail surveys of industrial respondents differ from those that increase response rates in mail surveys of the general public. In this article a number of suggestions are offered for obtaining, on a consistent basis, a 50% to 70% response within two to five weeks in mail surveys of industrial respondents.     

Gross margin sales compensation plans

The notion that gross margin commission plans lead to optimum wages for salespeople and maximum profits for the firm was tested using data from 108 medical supply wholesalers. Results suggest that although gross margin plans may increase wages, they do not improve the contribution profits of the firm.     

A framework for strategic industrial pricing

A model for pricing decision making in an industrial setting is described. Written from the perspective of a price setter, the model starts with an evaluation of the relative strengths and weaknesses of both buyer and seller. These evaluations are then input into a strategic framework, which integrates tactical considerations with several environmental concerns. The article concludes with a set of strategic pricing alternatives, in a matrix form, to be used by price negotiators and pricing executives of industrial companies.     

The effective use of marketing research consultants

Relatively little has been written about effectively managing the buyer-seller relationship for marketing research services. To provide insights into effectively managing this relationship, a survey of both buyers and sellers of marketing research services was conducted. Major findings were that proper problem definition, a familiarity with research methods by the research buyer, and continuous communication between buyer and seller were critical determinants of a successful consultant relationship. For best results the market research buyer-seller relationship should be treated as a mutually beneficial one, not one of conflict or acrimony.     

Product vs. customer focused industrial selling

Successfully introducing sophisticated new product innovation in industrial marketing requires a high degree of customer empathy on the part of the salesforce. This article describes a group-oriented exercise designed to improve the performance of the salesforce by their analyzing a specific new product's relative advantages, compatability, divisibility, complexity, and risk as perceived by its customers. A follow-up survey of the salesforce indicated that, as a result of this exercise, greater effectiveness and efficiency in achieving marketing objectives were realized.     

Increasing the role of direct mail marketing in industrial marketing strategy

Direct marketing has long been a dominant factor in the distribution strategy of industrial goods and services. Yet frameworks for strategy formulation in this area are nearly nonexistent in the literature. Much that has been written focuses on successful techniques, such as how to use a specific type of sales letter to improve results. This article outlines a set of key perspectives that industrial marketers may use to evaluate the potential effectiveness of direct marketing strategies.