Learn what being a member does for you
The Seller Styles
Learn the styles and take your free assessment
See a summary of all our programs and certifications
Certified Professional Sales Person(CPSP®)
Develop your potential as a certified sales professional
Certified Professional Sales Leader(CPSL®)
Grow your impact as a certified sales leader
Certified Master Sales Professional (CMSP®)
Join the elite group of sales professionals and leaders
Advanced Sales Influence (ASI)
Take your influence and leadership to the next level.
Learn foundational sales behaviors, strategies, and skills
Power of Contact Marketing
Learn from marketing expert and author Stu Heinecke
Join the top 1% of sales professionals in the world.
Next Level Virtual Coaching
Join our ongoing dynamic virtual coaching community
Explore job postings from some of the best companies in the country looking for sales professionals
Daily Dose of Influence!
Enjoy our video series of influence tips and strategies
Leads To Growth
Dig into our podcast featuring industry leaders and experts
Learn from our high-level sales coaching video series
Women of Sales & Influence – Facebook Live Series
Be inspired by our Facebook Live series spotlighting top women influencers
Women of Sales & Influence – Video Blog
Enjoy valuable, high-level sales strategies to empower your sales goals
The Growth Quotient
You’ve heard about IQ, but what is your GQ?
Our Commitment to You
We are here to help your approach to sales, how you interact with others, and how you perform and execute
NASP Sales Blog
Learn from our member-submitted articles for sales professionals
Write For Us
Share your sales expertise and insights with our community
About Our CEO
Standards of Conduct
Common Questions and Answers
More often than not, multiple sales people have been selling different product lines into an account deemed critical. When this account, and others like it, are selected to be part of a key account program, the controversial question of account ownership surfaces. Because of the potential conflict, a compromise is usually reached where multiple people take responsibility for the account based on their product knowledge or geographic location. This is a huge mistake.
Here are 5 tips to help you formulate a successful key account program:
It’s important that one person is responsible for all your firm’s activities within the key account. Without single accountability, it is impossible to have a sound account strategy. When the rationale for account responsibility is based on either product or geographic criteria, the outcome is short term and self-serving behaviour.
Making the transition from a product or geographic to a client focus is about moving from a technical or local perspective to a broader business perspective. This is the transition all business leaders have successfully made. Rather than gain credibility with their customer(s) through technical expertise, the key account manager must gain credibility through their in-depth knowledge of the client’s business and related issues. This includes, but is not limited to, the customer’s strategy, vision, core values, important initiatives, SWAT analysis, culture, history and decision-making process. When customer employees turn to the key account manager for information about their own company, the key account manager has established his/her credibility.
Depending on the nature of your business, and the size of your customers, the number of key accounts that can be managed by a single individual will vary. The ideal number is one. As you increase the number of key accounts assigned, the quality of performance will be degraded.
It is not unusual to have multiple sales people report to a key account manager, moreover, functional department heads as well as senior executives, should also see themselves as reporting to the key account manager. It is not the key account manager’s job to manage all stakeholder relationships. Rather, the key account manager should be aware of who all the stakeholders are, what their key objectives and issues are, and to then ensure that the appropriate company resources are building relationships in a strategic way with the appropriate stakeholders.
Ensure your sales people know that while sales reps will continue to have a transactional focus, they will find that with the overlay of a key account manager, the volume and size of their transactions will increase.
This is primarily due to the key account manager creating favourable conditions for the flow of business. It is also the result of a focused and coordinated effort that can be leveraged across the account.
Introducing a key account management program is not always met with open arms by the sales force. People always want to know what’s in it for them. By structuring your program properly and communicating the benefits clearly, you can be sure that it will be embraced by both your customers and your employees.
First appeared on Salesforce.com
About the author