Strategy Isn’t Dead: How Important is Sales Strategy for Industrial Businesses?

Strategy. When it comes to achieving certain things, no matter how big or small it is, a strategy is needed. As a matter of fact, you need a strategy like money on your business. Why? If you don’t have the strategy, your chance of making a sale is 0% and that means $0 for your business. The worst part, it might also mean the end of your business.

Technology and Sales Come Together

With the ever changing landscape of technology, artificial intelligence, and machine learning; One has to wonder if the there is still a place for the more basic technologies such as long range walkie talkies. These technologies, old and new, will always have their place when developing your sales strategy. They just evolve and bring a new challenges to the fore. They also empower you and make fewer people capable of performing multiples of work that were not possible in the past. The challenge then becomes which technology is the most beneficial and can 10x your productivity. Tread carefully or you risk losing a lot of time and money to save a minuscule amount of time. “Don’t be penny wise and pound foolish”

Industrial Sales Plan

Now, you wouldn’t want that for your industrial business do you? Because no businessman wants to get nothing in return after investing everything they’ve got just because they didn’t use some brain. If you want to be a successful businessman, you need to work some muscles and come up with a sales strategy to attract customers.

In other words, you need a plan on how you would be able to sell your products and increase your profits. But the downside of formulating sales strategy is the fact that some people treat it as if it’s the most annoying task to have on their table.

Strategy Isn’t Dead and Dusty

Instead, they find leading more exciting or inspiring. But according to a Harvard Business School professor Cynthia Montgomery, people should stop treating strategy formulation as a “dead, dusty documentation and instead make it the beating heart of the enterprise.” Thus, Montgomery emphasized in her book entitled The Strategist: Be the Leader Your Business Needs that strategy “is why companies exist”. She also added that when a strategy is “Done right, it is why companies succeed.”

Sales Strategy vs. Strategic Plan

Now that we’ve already had an expert on our side regarding the importance of strategy on businesses, do you see it and objective as the same thing? Try to ask this to someone in the business industry and compare their answers. Some say their sales strategy is included in their strategic plan but it shouldn’t. In fact, objectives and sales goals can’t be called a sales strategy.

Sales strategy should be separate because it should be more detailed. As what Meridith Elliott Powell stated in one of her articles, she emphasized that “it does need to have its own section”, “Because sales is the lifeblood of your business.”

Based on experts, your sales strategy is your ticket to success and survival. Therefore, the information dissemination of your sales strategy on how you will get customers and sell your products is very vital.

Technology and Sales Come Together

With the ever changing landscape of technology, artificial intelligence, and machine learning; One has to wonder if the there is still a place for the more basic technologies such as long range walkie talkies. These technologies, old and new, will always have their place when developing your sales strategy. They just evolve and bring a new challenges to the fore. They also empower you and make fewer people capable of performing multiples of work that were not possible in the past. The challenge then becomes which technology is the most beneficial and can 10x your productivity. Tread carefully or you risk losing a lot of time and money to save a minuscule amount of time. “Don’t be penny wise and pound foolish”