All the work that you put into creating and positioning the product will be of no use unless the pharmaceutical company can successfully market its products to the end-user. It is so important to choose a top notch sales and marketing team, training them in the overall benefits and value of the products, as well as the fundamental strategies necessary to be able to achieve a desired result in the market. Despite its importance, the effectiveness of the sales force is often given poor attention. Generally, pharmaceutical consultants have the desired levels of training to be able to motivate the company sales force, resulting in considerable financial gain due to elevated efficiency.
Have you ever heard of the saying, coined by a famous football coach – “winning isn't everything, it's the only thing!” Remember to keep this mindset engaged at all times. Although valuable contacts may be made and additional experience a must, if no sales are made then no value is realised, either.
It is essential to correctly motivate a team and one of the first things that a pharmaceutical consulting firm will help initiate is the creation of meaningful measurement tools. Within sales, the measurement of activity levels is only part of the equation. A sales executive is not necessarily highly efficient, even though his or her volume of sales may be high, as ultimate value must be assessed. If a valuable relationship is not established between all principals concerned, then the account may not necessarily be seen as successful, as we need to judge more than the actual dollar amount involved. Of critical importance is the alignment between the company and the buyer's strategy. Sales people should not be incentivised unless there is a clear gain for the company and the client achieves value, thereby cementing the relationship.
Incentivisation requires the creation of meaningful benchmarks and goals. There must always be something for the salesperson to reach and always a further incentive throughout the sales structure. If the sales executive is able to “get” to an end result, then he or she will not be adequately motivated to reach even further and keep working.
Time management is essential and while a sales manager will undoubtedly have administrative elements to take care of, the company should make sure that he or she is able to complete these as efficiently as possible, using provided, high-efficiency tools as needed. Did you know that many sales executives actually spend less than 25% of their time in direct communication with clients?
In summary, a sales team can only be highly effective if they have been trained well and are involved in an ongoing process of training. Such training will include education in the products to be sold, latest sales techniques and delivery processes in addition to management of time and the vital elements of interpersonal communication. To help get this right, engage pharma consulting experts.
Alan Gillies is the CEO of L2L Consulting, a cutting-edge pharma consultancy firm which specialises in optimising productivity and performance within international companies by applying tailored organisational strategies.
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