<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=585972928235617&amp;ev=PageView&amp;noscript=1">

The Center for Sales Strategy Blog

Improving Sales Performance Tip: Who Do You Know?

sphere of influenceThe best salespeople understand the value of relationships in these four areas:

  1. Decision Maker — the buyer with the ultimate say-so. FYI: Only one exists in every seller/client relationship.
  2. User influencer — anyone that is impacted by your product or service. FYI: Many user influencers exist in seller/client relationships.
  3. Technical influencer — anyone that evaluates a proposal on technical merits. FYI: Technical influencers can say NO to a proposal and never YES without the approval of the decision maker.
  4. Coach influencer — anyone in the client or prospect’s organization that can provide "inside information." FYI: Never underestimate the value of a coach.

Today is a great day to conduct a relationship audit to determine the sphere of influence with key accounts (the 25% of the customer base that represents 75% of revenue). Here's a simple 5 step audit process:

  1. List all key accounts.
  2. List the names of people that fit the buyer types listed above (the more the merrier).
  3. Rate the power of each relationship using a 1 to 5 scale (1=just a name to 5=extremely strong relationship).
  4. Assign a sphere of influence score to each account based on data from step #3 using this formula: Number of buyer types identified (1 to 4) X  total power of relationships (multiply all relationship scores by total known relationships) — subtract 50 points if the name of economic buyer is unknown.

    Sphere of Influence Score
    = (# of BT) X (P of R) – 50 (if NO E buyer known)

  5. Rank all key accounts by the sphere of influence score, and develop an action plan for each.

Expanding and improving a sphere of influence score may be easier with some key accounts than others. Two options exist at this point:

  • Plan to improve the sphere of influence scores.
  • Accept the fact that the sphere of influence score for some accounts cannot be changed. Salespeople should be prepared to deal with this unfortunate reality.

Kurt Sima is a VP/Senior Consultant at The Center for Sales Strategy.com

Topics: Setting Appointments Sales