Page 301 -
P. 301

ethics Guide






                        dIAlInG for dollArS








                    Suppose you  are a salesperson and your company’s       With another customer, you try a second strategy. Instead
                    CRM forecasts that your quarterly sales will be substantially   of offering the discount, you offer the product at full price but
                    under quota. You call your best customers to increase sales,   agree to pay a 20 percent credit in the next quarter. That way
                    but no one is willing to buy more.                  you can book the full price now. You pitch this offer as follows:
                       Your boss says that it has been a bad quarter for all the   “Our marketing department analyzed  past sales using our
                    salespeople. It’s so bad, in fact, that the vice president of sales   fancy new computer system, and  we  know  that increasing
                    has authorized a 20  percent discount on new orders. The   advertising will cause additional sales. So, if you order more
                    only stipulation is that customers must take delivery prior to   product now, next quarter we’ll  give you 20  percent of  the
                    the end of the quarter so that accounting can book the order.   order back to pay for advertising.”
                    “Start dialing for dollars,” she says, “and get what you can.
                    Be creative.”
                       Using your CRM, you identify
                    your top  customers  and present
                    the  discount  offer to them.  The
                    first customer balks at increasing
                    her inventory: “I just don’t think
                    we can sell that much.”
                       “Well,”  you respond, “how
                    about  if we  agree  to  take  back
                    any inventory you don’t sell next
                    quarter?” (By doing  this,  you
                    increase  your current sales and
                    commission,  and you  also help
                    your company make its quarterly
                    sales  projections. The  additional
                    product  is likely  to be  returned
                    next quarter, but you think, “Hey,
                    that’s then and this is now.”)
                       “OK,” she says, “but I want
                    you to stipulate the return option
                    on the purchase order.”
                       You know  that you  cannot
                    write that  on the purchase  order
                    because  accounting won’t book
                    all of the order if you do. So you
                    tell her  that you’ll  send her  an
                    email  with  that stipulation. She
                      increases her order, and account-
                    ing books the full amount.
                                                                                                      Source: Roman Sigaev/Fotolia


                300
   296   297   298   299   300   301   302   303   304   305   306