Professional sales representative PSR
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Professional sales representatives (PSRs) play a key role in selling products and services, primarily to companies that then reach the final customer. Their responsibilities include achieving sales goals, educating customers, and maintaining compliance with industry regulations. The effectiveness of PSRs relies heavily on proper selection, training, motivation, and compensation, with a notable shift towards internal sales methods supported by technological advancements.
Professional sales representative PSR
- 1. PROFESSIONAL SALES REPRESENTATIVES (PSR) By:- SHARFUDDEEN KHAN B.PHARMACY
- 2. DEFINITION • A sales representative is a professional whose role within a company is to sell the product or services that they provide. • They commonly sell non-technical products, meaning that neither the seller nor the buyer need to possess specialised knowledge on how to handle or use the product in question. • The grand majority of sales representatives work directly for the product, goods, or services they sell. • Their usual customer are other companies who then sell their product directly to the final customer.
- 3. DUTIES OF PSR • Attain set goals of sales by contracting targeted customer/prescriber. • Teach customers about prescription benefits of products • Stimulate prescribing behaviours of customers through impactful sales presentation . • Analyse customer queries and articulate them to sales of their desired products. • Design and implement call plan every month to achieve stipulated sales as per action plan of the company. • Work together with prescriber as regular customer and offer resolution to their particular request. • Gain definite sales call as per company outlooks.
- 4. DUTIES OF PSR • Keep informed and bring about6 allocated company property fulfilling to company policies and actions. • Warrant up keep of equipment's and resources adequate to company policies and procedures. • Handle product samples as per company sales policies and procedures and region practices. • Calculate and examine sale figures drifts to see dynamics within assigned territory. • Regulate department performance using feedback, productivity control, mobile surveys and monthly predictions. • Keep on eye and uphold professional sales patch up order drifts. • Sustain sales reporting systems required by dealer and factory.
- 5. PURPOSE OF DETAILING • sales forces includes diversity of tasks and is heart of the marketing. • In current scene, customer expect number of desired characteristics in salesmen like, good product knowledge, interesting talk about operations in case of service call, and reliability of the company. • These qualities of sales force need companies to detail, select, train and supervise all members of channels and companies invest a lot in this area. • Pharmaceutical companies have to comply with regulatory guidelines and product are not sensitive for human use so they try to focus on better selection, training, supervision, motivation and compensation for improving sales force productivity.
- 6. SELECTION OF PSR • Recruitment of selected representative is deciding factor for successful sales force suitably. • There will be wastage of time and money to recruit the wrong people. • Almost 20% is the average yearly revenue of sales reps in all trades.
- 7. TRAINING AND SUPERVISING • As per customer expectations, sales person are supposed to have profound product information, give their ideas to enhance operations, and be competent and trust worthy. • These qualities in sales people are thought in training in companies and it requires a large investment. • This training may range from few weeks to several months. • In case of pharmaceutical companies, the average training period is 28 weeks. • Training time depends on the nature of recruitment.
- 8. NORMS FOR CUSTOMER CALLS • As per schedule-I of “telecom commercial communication customer preference regulations, 2010”, it should be assured that the promotional SMS belonging to a defined category shall contain information only related to specified class and shall not mix any other information with it. • There shall be security of data downloaded from the national customer preference register portal. • There shall not be unwanted use of telecom resources i.e. use only for telemarketing calls and PSR shall be solely answerable. • No commercial communication should be done to any subscriber belonging to national customer preference register, except for subscribed services.
- 9. MOTIVATING PSR • There is always to encourage sales reps and offer special incentives. • It is believed that the motivated sales people give better efforts, performance, rewards and satisfaction. • In research, it is observed that highest reward to an employee was salary, followed by promotion, individual growth, and feeling of achievement.
- 10. EVALUATING PSR • Average number of daily sales calls . • Average contact time of sales call. • Average returns gained from each sales call. • Average expenditure of sales call. • Amusement expenses of sales call. • Ratio of orders to sales call. • Number of new and lost consumer in specified time. • Sales force budget as per total sales.
- 11. COMPENSATION TO PSR • To attract top quality reps, the company must develop an attractive compensation package. • The company has to estimate different factors of sales force reparation. • Fixed amount that is salary that should be sufficient to fulfil the needs and offer income stability.
- 12. FUTURE PROSPECT OF PSR • Internal sales include the sale of products and services by reps working remotely. • It relies on the contact by phone and online, rather than meet. • At present, the internal sales market is budding 300% more rapidly than traditional sales. • Technological advances have remodelled the face of sales • Mobile devices now facilitates connection of reps with prospect anytime, anywhere. • Digital technology is going to bring more revolution in channelled sales.