5 / 5
Blog Topics

How to create a sales plan

Do you have a sales strategy in place? Entrepreneurs, sales executives, and sales managers all find value in crafting sales plans — whether it’s for their company, division, or team. It’s essential to have a clear direction before aiming for your main objectives. Subsequently, you need to deconstruct the approaches and actions you intend to employ in achieving those goals.

Every bit of this information can find its place within a sales plan. Keep reading to discover the process of creating a tailored sales plan that suits your organization perfectly.

What is a sales plan?


A sales plan lays out your objectives, high-level tactics, target audience, and potential obstacles. It’s like a traditional business plan but focuses specifically on your sales strategy. A business plan lays out your goals — a sales plan describes exactly how you’ll make those happen.

Sales plans frequently encompass details about the intended customer base, revenue objectives, team arrangement, and the methodologies and resources required to attain the set goals.


What are the goals of an effective sales plan?


The intent behind your company’s sales plan is to:

  • Convey your company’s aspirations and goals.
  • Offer strategic guidance.
  • Define roles and duties.
  • Track the advancement of your sales team.

Communicate your company’s goals and objectives.


Effective performance from your sales team cannot be assumed if they are unaware of your company’s goals and objectives. Ensuring that these goals are both explicit and attainable is essential. As they evolve with time, it’s crucial to consistently share your strategy with the entire team.


Provide strategic direction.


Having a sales strategy is essential for promoting your products or services. To implement this strategy, your company must offer clear guidance. Should your staff prioritize email conversions over social media conversions for the current quarter? Are you intensifying your endeavors on LinkedIn as opposed to Facebook? Your business must furnish your team with direction to maximize effectiveness.


Outline roles and responsibilities.


Your company’s sales plan should outline the roles and responsibilities for your sales team and leadership. The benefits of this include efficient task delegation, improved collaboration, overlap reduction, and increased accountability.


Monitor your sales team’s progress.


Your sales team constitutes the propelling factor of your strategy. When they excel, the company thrives. Regrettably, the reverse is equally true. Keeping track of your team’s advancement toward organizational objectives empowers you to oversee your goals. This guarantees the presence of the necessary personnel and resources for achieving success.


Sales Planning Process


However, it’s important to note that sales planning goes beyond the mere formulation of a sales plan document. In order for that document to hold more significance than being a neglected item on a shelf, a top-tier strategy is imperative.


You ought to:

  • Collect sales data and identify patterns.
  • Establish your goals.
  • Specify success metrics.
  • Evaluate the present state.
  • Commence sales forecasting.
  • Recognize any disparities.
  • Generate innovative undertakings.
  • Engage stakeholders.
  • Enumerate actionable tasks.

Step 1: Gather sales data and search for trends.


To strategize for both the present and the future, your company must draw insights from the past. How did sales perform in the preceding year? And what about the past five years? Leveraging this data can assist you in recognizing industry trends. While it isn’t infallible, it does lay the groundwork for your sales planning endeavors.


Step 2: Define your objectives.

How can you gauge the success of your business without any goals in place? As evident from its position in this lineup, outlining your goals and objectives stands as one of the initial tasks you should undertake in your planning journey. Once these are clearly defined, you can then proceed with their implementation.


Step 3: Determine metrics for success.


Each business is unique. However, a shared understanding exists that success necessitates measurable criteria. These criteria manifest as key performance indicators (KPIs). What benchmarks will you employ to assess your business’s triumph? While KPIs vary according to your industry, fundamental metrics encompass gross profit margins, return on investment (ROI), daily website traffic, conversion rates, and others.

Step 4: Assess the current situation.


What’s the current status of your business? This data is pertinent for evaluating how your present circumstances align with the goals and objectives established in the second phase. What challenges are you encountering? What strengths do you possess? Compile a roster of the barriers impeding your progress. Pinpoint the resources you can leverage as advantages. These aspects will steer you in constructing your plan.


Step 5: Start forecasting.


Sales forecasting involves a comprehensive analysis that anticipates the weekly, monthly, quarterly, or annual sales of an individual salesperson, a team, or an entire company. While it can be sensitive to changes, it offers the advantage of aiding your company in making informed decisions regarding hiring, budget allocation, prospecting, and goal setting.

Step 6: Identify gaps.


While pinpointing deficiencies within your business, take into account both your current requirements and potential future needs. Initially, identify the competencies you believe your employees require to achieve your objectives. Subsequently, assess the proficiencies of your existing staff. Armed with this data, you can then proceed to either train your employees or recruit new ones to bridge the identified gaps.


Step 7: Ideate new initiatives.


Numerous industry trends follow a cyclical pattern, transitioning in and out of vogue. While constructing your plan, generate fresh concepts for initiatives by revisiting opportunities you might have overlooked in prior years. If your business primarily emphasized word-of-mouth and social media marketing previously, contemplate integrating webinars or exclusive promotions into your plan.


Step 8: Involve stakeholders.

Stakeholders encompass individuals, groups, or entities with a vested concern in your company. These often encompass investors, employees, or customers, and frequently hold influential decision-making authority within your business. As you approach the final stages of your planning endeavor, engage stakeholders from departments that substantially impact your results, such as marketing and product teams. This practice fosters a streamlined and implementable sales planning process.

Step 9: Outline action items.


After implementing this strategy to establish your planning process, the ultimate phase involves delineating your action items. Utilizing your company’s capabilities and quota figures, construct a roster of steps that guide you through the sales journey. Illustrative action items encompass crafting a sales call script, identifying industry rivals, or devising fresh incentives or benefits.

It’s important to bear in mind that planning shouldn’t conclude once the document is created.

Revisiting this process annually is advisable to uphold your organization’s sales excellence.

Now that you’re dedicated to the planning process, let’s delve into the written execution facet of planning.


Tips for Creating an Effective Sales Plan

1. Create a mission statement.

2. Define your team’s roles and responsibilities.

3. Identify your target market.

4. Outline your tools, software, and resources.

5. Analyze your position in your industry.

6. Plan your marketing strategy.

7. Develop your prospecting strategy.

8. Create an action plan.

9. List your goals.

10. Set your budget.


Learn various techniques and strategies for crafting a plan that not only helps you meet your target figures but also surpasses the expectations of your superiors.

  • Leverage industry trends to fortify your plan. When presenting your plan to stakeholders, utilize industry trends to underscore the rationale behind your plan’s efficacy.
  • Specify the technological tools you’ll employ for tracking success. You can detail this either for internal reference or to apprise stakeholders of your measurement methods. Consider options like CRM and dashboard software.
  • Substantiate your budget proposal with concrete facts and data. If your plan entails a budget, substantiate it with historical performance data and sales projections.
  • Tailor distinct plans for each team. Whether it’s business development, inbound, outbound, or field, crafting separate sales plans for each team allows for even more specific goal-setting and KPIs.
  • Seek input from the marketing department. Aligning marketing and sales is pivotal for your sales plan’s success. The greater the involvement of the marketing team, the more harmonized your lead generation, prospecting, and nurturing efforts can become.
  • Engage in conversations with your representatives to comprehend their challenges. While numbers and forecasts are crucial, understanding the day-to-day experiences of your sales reps is equally important for gauging the effectiveness and feasibility of various strategies.
  • Undertake a comprehensive competitive analysis. Gaining insights into the competition’s strengths enables you to shape a plan that steers your company in a similar direction of success.

Create one that Grows with Your Business

A universal sales plan doesn’t exist. The sole misguided approach to employing a sales plan is to compose it at the beginning of the year or quarter and then disregard it. It’s crucial to periodically revisit and revise the plan as time progresses to maintain focus and alignment. Through consistent refinement of your plan, you can guarantee that your company generates revenue more efficiently than ever before.


Free consultation