PROSPER : PROSPECT MANAGEMENT SYSTEM FOR PUSH SALES BUSINESSES
PROSPER- Prospect Management system (PMS) addresses the following
challenges in businesses where marketer visits the potential customer:
- Is adequate market working (fresh calls, key account calls etc)
being done or not?
- Are the prospects being timely followed up and is each and every
prospect being followed up?
- Is full potential of prospect been realized?
- What are the delayed follow-ups?
- What prospects have been lost to competition and why?
- What should be done with product features, price or payment
plan to ensure that prospects are not lost to competition?
- How do we track and follow up a prospect that says that he would
buy our product after six months?
- What is the conversion & performance efficiency of each
and every Sales Executive?
- Is it possible to give targets to each Executive and objectively
assess performance against Targets?
- How many conversions have happened from a Campaign? Is there
an objective method of assessing campaign efficiency?
- Is it possible to monitor the follow-up from anywhere, without
having to meet with the sales executive?
- Is it possible to increase conversion efficiency of Sales Executive?
- Is it possible to objectively get expected sales for any forth-coming
period?
- Is it possible to prevent loss of data when an executive leaves
the organization?
- Is it possible to ensure that timely dispatches of stocks take
place, once SE places indent?
The various salient features and benefits of PROSPER are as under-
- Features for Sales Promotion activities -
- Easy methods of tracking, as all the prospects get shown on
the home screen, along with all the transactions history. Further,
Sales executive is able to see his own prospects and his supervisor
is able to see all the prospects.
- Day (s) Activity report gives us the number of calls made.
If these are less than the expected norm, executive can be hauled
over the coals. Is executive does the number of calls expected
of him and if the call norms have been set scientifically, then
sales targets should get achieved.
- When a prospect is handed over to an executive, he can either
work on it or he may not work on it or he may close it. If he
does not work on it, it shows as delays. If he closes it, his
conversion efficiencies go down, as is reflected in Executive
performance report.
- Sales report helps executive and his supervisor to keep track
of targets set, each month, month after month. Thus, no good
or bad performance goes unnoticed. Further, it is possible to
know actual contribution of each executive, through various
reports, which is not possible in manual system.
- Features for good quality management decision making
- Area wise report helps in finding out the areas that are lacking
in prospect generation. Thus decisions on local marketing activities
can be taken. This report can also be used to decide if areas
have correct representation.
- Campaign efficiency report helps in finding the effective
campaigns. Thus decisions on replicating such campaigns or their
features for new campaigns can be taken.
- From Prospect profile analysis report we can find enquiry
type (Cold Call, Telephonic, Telemarketing, walk-in, Reference,
Campaign etc). Such data can help in better quality decision-making.
- Prospect lost report helps in finding the reason for loss
of prospect to the competition. This can help in deciding on
product features, discounts etc preferred by prospects.
- Features for budgeting and planning
- Conversion efficiencies from Executive performance report
help in calculating the prospects required for achieving certain
level of sales. Thus, decision on level of input effort required
to generate acceptable number of prospects can be taken.
- Campaign efficiency report helps in finding effective campaigns.
Data on cost of generating each sale is obtained from this report.
- Features for relationship building
- Forth coming birthday report helps in relationship building.
- Features for managerial control
- Home screen shows up all the delayed follow-ups, along with
the total number of delays.
- Home screen shows the executive, prospects handled, sales
achieved, targets and sales achievement as a percentage of targets.
|
|