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“Account
teams that start with a rich understanding of the customer’s economics and
engage the appropriate customer personnel in joint strategy sessions to uncover
mutually beneficial opportunities [on average increase sales by more than 20%]”
The McKinsey Quarterly, Better B2B Selling, June 2005
Effective account managers know that charm isn’t enough to deliver sales growth
- customers are under constant pressure to cut costs, reduce the number of
suppliers and get more for less.
Account teams that struggle with slowing sales or suffer from shrinking profit
margins often look for quick fixes. But band-aid solutions often fail to
achieve results. So how do account managers increase sales while keeping their
customers smiling?
Getting Results
Instead of shooting from the hip, successful account teams create a
comprehensive strategic plan for each account and leverage information about a
client’s internal network, budget process, and ongoing corporate strategy to
develop a set of offerings that maximize customer value.
Of course, this is easier said than done – it’s not uncommon to face resistance
from account managers who are reluctant to change. But teams that do succeed in
creating a structured and strategy-driven approach to account management will
not only be able to improve performance, but will also be able to develop
stronger relationships with clients who appreciate (and reward) suppliers that
can offer a consistent, value-oriented approach.
Embedding Solutions
Results oriented account teams are those that have both an
effective account strategy and are able to embed that strategy into every call,
project meeting and presentation. Xmonic’s technology solutions along with its
expert Consulting, Training, Coaching, and Monitoring services help teams to
create a systemized and collaborative approach to account growth and profit
maximization.
To learn more about our solutions
contact us directly or click on the links below to learn more.
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