Setting Sales Goals For 2009
Now that we are in the last few days of 2008, it’s time to start setting sales goals for 2009. Setting goals is very important for your success. It forces accountability and should help map out your path to success. Just as sales calls need a script, you need a trail to your goals as well.
I like to set lofty yet obtainable goals. Unrealistic goals can leave you demotivated and discouraged. If you like to shoot for the starts, set two goals: your lofty but obtainable goal and your BHAG (big harry audacious goal). There is nothing wrong with two goals or two levels.
Break your goal out on a time-line. You have to set smaller goals within your large goal or your large goal will be forgotten about. You will have your yearly goal but then set weekly, monthly and quarterly goals within that year. Don’t just take your annual goal and divide it by 12. Think about the different times. Are there certain months or times of year that are better for sales? Are there certain months that are worse for sales? Do you already have a 3 week vacation planned in the summer? Keep these factors in mind when breaking down your time-lined goals. It can be a consistent number at each interval but it will work better if you take all the factors into account.
Goals are great but how do you figure out what that magic number is? High sales numbers sure do look and sound good but what specifically needs to be done to get there? Set an amount you like (10-20% higher than 2008 for example) and then back your way into that number to really see how obtainable it is. Sales is all numbers and figures so this should be no different.
You should be keeping track of all kinds of numbers and figures on a daily basis. These include; how many calls you make a day, how many doors you knock on a day, how many people come in each day, how many prospects you make, how many appointments you make and of course how many sales you make. You also have to know what your average sale is worth.
I’m going to keep these numbers simple (your numbers will vary but the concept will remain the same). Let’s say you make 100 cold calls a day. That results in 10 appointments and one sale. That sale is worth $1,000. Your annual goal is $150,000. You will need to find out how many sales you will have to make first, so simply divide 150,000 by 1,000 = 150 sales. That means for 150 sales you will need (150*100 calls= 15,000) 15,000 cold calls. That’s (15,000/252 sales day in the year=60) 60 cold calls a day. If that is easily obtainable, your goal needs to be raised. If that is impossible, it should be lowered.
With the correct figures you should be able to set a goal, hold yourself accountable on a daily, weekly and monthly basis, and hit your yearly figure.