Based on my experience dealing with the branches & sales team in the public program in Eastern Region & Klang Valley which may include opening the sales booth, participation in the exhibition, I would like to highlight some of the important elements in areas where we can improve further our presence during the program.
Therefore, the following may serve as sharing the idea & experience for us to improve the execution plan.
What you need to know & to do:-
How do I attract the prospects / target market to the sales booth?
- Communicate with your prospects individually to let them know about your presence at the program – broadcast your message to the package employer – letter & email, notification at branch & ATM.
- Ask the organizer for a profile of previous attendees as well as current invitees.
- Notify the prospects & target market – send the notices to the key customers (package, top depositors etc) & prospects, offer incentives to key prospects or customer visiting your booth.
Establish the objective of opening our sales booth:-
- Does the area / location, time, organizer, other booth’s participants support our marketing objectives?
- A cost-effective opportunity to meet many prospects as per our target market?
- Provide needed opportunity to increase our profile in the marketplace & enhance our own reputation?
- Provide public platform to introduce / market our new products / services?
Our outdoor promotion activity must be managed carefully in order to yield in long term benefits. Questions that should be asked to our sales team include:-
- Why are we running the promotion program?
- Do we want to increase overall volume, or sales, or awareness of specific products?
- Do we want to improve our performance in other sales related area such as customer service, branding / product awareness?
- How do we justify the expense of the promotion?
- What are the related sales objectives & how will they be quantified?
- Is it possible to profile previous similar program as basis for planning?
- How will the program be publicized?
- The most critical – knowledge of the team? – check & re-check…
Maintain interest & momentum:-
- All leads received during the program should be followed up & to consider the the cross promotion.
- Maintain & manage the leads – establish the profile & match with the product, refine the lead.
- Insures that all parties / stake holder at branch (such as all front liners – PFE, tellers, CSO, CSR, BOM, BsMgrs, BM) & Region Office are aware of the program.
Take time to plan:-
- Establish & understand the objectives.
- Publicize our participation.
- Brief the team – include establish the procedures for interacting with customers / visitors.
- Remind them to get the greatest possible benefit from our participation.
- Stand material – take care not to give away expensive brochure / gift to low value or unqualified prospects.
- Capture visitor data – collect, compile & manage the leads.
- Measure your success – how many new prospects did you develop, how many sales meeting did you arrange, how many sales leads closed.
- Follow up all inquiries – arrange the meeting or send further information to promising prospects.
- Continue to maintain contact with the organizer or venue spoke person.
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