Increasing your sales and ensuring the continual growth of your business is a key concern, and having the right sales strategies in place can make a game changing difference when it comes to your operations.
In this article we are going to take an in depth look at sales strategies โ the challenges you may face in growing sales, how to calculate your sales growth, what the best sales strategies are set to be in 2025, and what technology you need to make this happen.
Sales can be difficult, there are a lot of moving parts that are often interlinked with other areas and departments, and everything needs to be working together in order for new leads to be generated, cultivated, followed, and converted.
Some of the key challenges in sales can include:
Some of these issues can only be handled with time and a consistent maintained approach to business activities (such as building or rebuilding brand recognition or trust).
Sales strategies can help to manage and overcome many of these other challenges by providing you with a reliable framework, reference points, and metrics to monitor how you are doing at any given point.
Sales is one of the most fluid and volatile areas of your business, subject to rapid change and development โ sometimes with very little warning.
Having a strategy in place does not mean that you have to strictly adhere to it no matter what; it means being able to identify trends and patterns, try and test new options, and be flexible in your approach to business in a way that can be measured.
TEB helps businesses to do more with their resources, and can help to maximise lead conversions with powerful tools, strategic automation, and functionality that works with your sales strategies to ensure your business does not just profit once, but is set on the path for sustainable growth and profitable development in the future as well.
Sales strategies provide you with a structure and specific pre-determined goals and checkpoints. This allows you to not only operate in a way that keeps everyone on the same page, but it can also be monitored, measured, and adapted as needed.
Having the right sales strategy for your business can allow you to work out how much of your time and resources should be used for specific areas, and to streamline your working processes to best suit your needs.
When you get your sales strategy right, you could realistically expect to benefit from:
Your sales strategy should allow you to turn your business plans, marketing goals, and growth strategies into an obtainable result.
The right sales strategy will allow you to better understand who your customers are, what they want from you, where you can reach them (and when), and what you need to do in order to convert leads into sales.
Calculating your sales is more than just looking at your sales figures. Sales strategies often involve different goals, actions, and outcomes. Depending on what you are looking to achieve, how you calculate your growth can vary.
When calculating sales growth, the method considered to be the simplest is a basic formula that can be broken down into five simple stages:
As a mathematical equation, this would be written as:
Sales growth = [(Current net sales โ Prior net sales) / prior sales period net sales] x 100
Now of course, with business being business, determining the figures to use can be a bit more difficult. Before you start, you need to identify what your net sales are and from what specific period.
You might decide, for example, to evaluate sales between two specific months, so you would first need to collate the net sales from the income statements from those months โ if you wanted to calculate growth over longer periods, it would be the same method only with larger data sets.
Once you have these figures, then the rest of the working out is pretty simple.
It is important to remember that the net sales amount is the company revenue after deducting returns, discounts, or any other allowances from the gross (total) sales figure.
Sales growth is an important metric to be monitoring because it allows you to track your performance, assess progress towards specific targets and goals, and provide a deeper insight into your companyโs ability to generate more sales and obtain a sustainable growth rate for increased market share.
Sales strategies come in a wide variety, and the one that best suits your needs is going to largely depend on what your company is doing, how it is doing it, and how well prepared you are to evolve and grow as time goes on.
To aid you in your choice, we have taken a look at different strategies that are popular in business, and which ones are set to be impactful in 2025:
Many of these strategies can be used individually or combined (either in full or part) with one another to create a more tailored solution to business needs.
With technology driving most companies in the digital age, it is not surprising to find that modern sales are being driven by data, and the benefits that come from making use of the abundant information that comes with it.
TEB understands that your sales are vital, and has a sales dashboard that lets you see what sales you will win, so you can focus on the opportunities that matter, and the ones that are going to be the most substantial benefit to your business.
Sales strategies and sustainable growth to your business needs to be supported with a robust business structure and the right tools to support your activities.
Sales technology, analytic tools, Customer Relationship Management (CRM) software, Artificial Intelligence (AI), and much more is available to give you and your team the ability to do the most with your resources.
There are a lot of options on the market, and what you need will depend on the size, structure, and activities of your business, but in general to aid in increasing sales growth, you should be looking at:
When your team are given a powerful system that works intuitively and supports their needs โ they will be far better positioned to use their time on the tasks that require their skills, and will win you more sales.
Drive your business growth with sustainable sales strategies and the support of powerful futuristic technology, designed to develop your company and help you achieve real results.
When you bring TEB into your business, you benefit from sophisticated functionality and integrated options which allow you to do more with your resources.
Amongst the many benefits you can expect, your sales and business growth will benefit from:
Make 2025 the year of sales success and take your sales strategies to new digital heights.
Book a demo today and see for yourself how TEB can evolve your entire business with the tools you need to stand out and shine.