revealing eureka forbes

22
Reveali ng truth behind

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revealing the truth behind eureka forbes success in sales than any other companies

TRANSCRIPT

Page 1: revealing eureka forbes

Revealing truth behind

Page 2: revealing eureka forbes

Company history

Started in 1982 in Mumbai with 20 sales representatives Products –euro clean vacuum cleaner ,aqua guard Announced a nation wide customer service no, to handle complaints. No competitors in market,

Page 3: revealing eureka forbes

Earlier Sales

Strategy

Extensive Presentati

on

Demonstration

Customer Objection Handling

Page 4: revealing eureka forbes

Powerful

presentation

Magical Demonstrati

on

Customized Customer Object

Handling

New Wave of Sales

Page 5: revealing eureka forbes

Click icon to add picture

All in one place

All in one place

Page 6: revealing eureka forbes

Old Strategy New Strategy

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No of customersSales

Comparative study of Old and New Strategy

Page 7: revealing eureka forbes

TOPArea sales

managersSenior divisional

sales managersDivisional sales managers

Deputy divisional sales managers

Head customer sales specialist

Customer specialist

Page 8: revealing eureka forbes

Introduction of Euro Champ

• Heart of EFL organization

• Bridge between organization and customer

• A friend in a stranger

• An educator to the consumer

Page 9: revealing eureka forbes

A day in the Life of a Euro Champ

Page 10: revealing eureka forbes

News paper adds

Flyers

Billboards

Posters

Recruitment

Friend-get –a friend

OYBS

Page 11: revealing eureka forbes

KEY REQUIREMENTS

Read and write English and local language.

2 yrs university education, graduation preferred.

Must be friendly with housewives.

Understands customer mood and circumstance.

Page 12: revealing eureka forbes

TRAINING

2 day handbook training Learning by experience Both field and classroom

training

Transfo

rmation

Boy

Man

Page 13: revealing eureka forbes

3 times a day meeting

Monthly feedback

review15 days

review on performance

Monitoring of Performance

Page 14: revealing eureka forbes

SalesAnnual qoutaMonthly qouta

Type Sales Demonstration

Annual quota 96 60

Monthly quota

8 5

Page 15: revealing eureka forbes

Earlier Compensation and Reward Plan

• Base compensation- Rs 200 per month.• Non 2 wheelers- Rs 500 per month travel compensation.• Contingency compensation scheme• Friendship chain plan• The silver circle club• The champions club

Page 16: revealing eureka forbes
Page 17: revealing eureka forbes

Downfall - Continuous Rejection

Reasons

1. More concentrated on completion of demo Uncleaned /damaged product

2. More dependable on field managers3. Lack of formal training

Page 18: revealing eureka forbes

Overcoming the Problems

Formalized training

Bettering the Best

CRCTC BONU

S

Feel good policy

Page 19: revealing eureka forbes

Targets• Improving moral spirit

of sale steam• Increase in confidence• Reducing big goals to

small targets

Concerns• More interested in

earning bonus than closing deal.

• Non performers would become more lazy

Result- Improve in productivity and quality of sales

Page 20: revealing eureka forbes

NEXT !

Friend For Life VISION and MISSION

Page 21: revealing eureka forbes

FINAL COMMENT

BAD AFTER SALES

SERVICE

Page 22: revealing eureka forbes

THANK YOU