Method of assisting a sales representative in selling
View Patent ↗A computer implemented method of providing feedback to a sales representative for a sales opportunity to a customer, comprising: determining, in dependence on information received from the sales representative, a probability that the sales opportunity will result in a sale by the sales representative; determining, in dependence on information received from the sales representative, a location on a sales cycle time line for the sales opportunity; assigning a priority to the sales opportunity in dependence on the location on the sales cycle time line and the probability that the sales opportunity will result in a sale; and rendering on a display a visual representation of the probability and the priority.
1. A computer implemented method of assisting a sales representative with prioritizing a plurality of sales opportunities, comprising the steps of:
for each of the sales opportunities, determining using a computer a probability from a finite number of possible probability values that the sales representative will ultimately win the sale;
establishing, using the computer, a sales cycle time line for each of the sales opportunities and dividing each of the respective sales cycle time lines into a uniform number and type of selling phases;
for each sales opportunity, assigning using the computer a time-dependent priority value based on the determined probability values for the sales opportunity and the selling phase that the sales opportunity is in at the time that the priority value is assigned; and
providing on a visual display for the sale representative an indication of the time-dependent priority value assigned to at least one of the sales opportunities,
and further including establishing and storing on the computer relative priority indices for each unique combination of possible probability values and possible selling phase, wherein said priority values are based on the relative priority indices.
2. The method of claim 1 wherein each of the sales opportunities are divided into a probing phase during which probing type skills dominate the sales opportunity, a proving phase during which proving type skills dominate the sales opportunity, and a closing phase during which closing skills dominate the sales opportunity.