Sales Teams – How to build your market share

So many salespeople struggle with growing market share. The single reason for this is that they have little or no personal system to build their business. Every day is a new day, and nothing consistently happens to build on the success of yesterday.

Perhaps I have upset some salespeople in saying that, however it is a proven fact that the performance of most sales teams is low for this very reason.

In any business and market there are also some other excuses that hold teams back. Some of them are here:

  • No support from the management team
  • No leadership to correct faults or lacking processes
  • No standards that can focus the prospecting and customer service processes.
  • Little action to a system that works in their market
  • Forgetting the clients and keeping in contact with them over time

So, all of this is a personal process; that’s the reality of it all. Any salesperson can improve their ‘lot’ by taking action. Given that most do not do the right things every day, there is huge potential out there for those that do.

If a salesperson takes on the personal challenges of their industry and takes action every day to a good plan, there is a very good chance that they will rise to the top of their market quickly and effectively.

Here are some tips for getting control of your market and market share.

  1. Define your territory geographically and physically so you know where you will find the business.
  2. See how many potential clients could be in your areas that are serviced by your competitors. Can you open the door with these clients?
  3. Be prepared to talk to many people to find the one opportunity. As long as your market is large enough that will not be a problem. The issue is in getting the right resources and research around you.
  4. Use a database that is comprehensive and easy to access. Over time you can build your database by 4 or 5 new people a day. Keep in regular contact so you can open up the relationship when the prospect requires help.

Are you the best service provider in your local area? Can you say that your product or service is as good if not better than the competition? If you cannot answer ‘yes’ to these questions yet, you have some work to do. Devise your business system and work to it every day.