How to Achieve Superior Beverage Sales in 2021
With another year underway, we turn our sights toward ensuring this year’s sales effectiveness and efficiency efforts can endure through a climate of constant change. Whether your sales organization has 2 or 2,000 people, we’re certain that focusing on the following activities will give you the leverage you need to achieve superior beverage sales.
3 Objectives to Achieve Superior Beverage Sales
1. Set Better Goals and Establish Strong Metrics for Reporting on Results
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Focus goals on leading indicators that strategically drive your sales – like Key Accounts sold, National Account authorizations, displays installed, placement features, supporting POS, or staff trainings conducted (virtual or in-person).
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Make results versus goals visible to reps and execs alike.
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Define your brand’s “Perfect Account”; support this methodology with survey scores and goals to measure progress.
Additional Resources:
- White Paper: Not Just More, But Better Sales – Moving Beyond Depletions
- Blog: Spread Too Thin? Keep Goals Manageable and Simple to Win
- Our Solutions: Sales Execution Analytics & Sales Goal Management
2. Improve Account Relationships with Best Practices
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Utilize Account attributes via CRM to segment and target your efforts. With a changing marketplace your brand priorities are evolving. Track Key Accounts that are open, note who’s offering curbside pickup or delivery, hosting virtual events, or doing online sales.
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Capture names and email addresses of key people in the trade to keep them up-to-date with relevant content on a regular basis, such as seasonal releases, new product information, invitations to virtual events and tastings, etc.
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Analyze activities executed versus Account sales data to determine which activities are driving your business and which ones are just eating up time and budget.
Additional Resources:
- Blog: Leverage CRM to Boost Your Sales Strategy Now and Post-Coronavirus Closures
- Our Solution: Beverage Alcohol CRM and Workflow
3. Strategically Execute Spend to Drive Growth
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Expect Sales and Marketing teams to plan and detail their trade and Distributor programming in advance to provide visibility to everyone in the organization and tie activities to budgets.
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Set your pricing support strategy through the 3-tier system all the way to the consumer. Track prices and depletion allowances by channel. Use dashboards and reports to find opportunities.
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Prioritize visibility into how much an account paid for a product, including the no-discount price. This will save time and avoid surprise bill backs from your distributors.