Sales? No thanks!

January 15, 2017

Sales? No thanks!

If we could ask every agency owner whether or not they considered their account managers to be "sales" people, we would likely be surprised at their answers. 

Within AgencyLand there is a definite "Sales Spectrum". At one end of the spectrum, an agency will refer to their account managers as the "sales team" and set monthly or quarterly sales targets and KPIs to be rigorously met. At the other end, an agency will keep the financials locked away and consider their account managers as purely keepers of the client relationship. In-between lie a number of different variations.  

Similarly, the level at which agency management expects their account managers to focus on revenue generation also varies between agencies. Some agencies expect account managers to be immersed in the financials right from the start of their career, whilst others see sales and financial accountability to be for senior team members only. It pays to clearly understand an agency's sales expectations before you accept an account management job offer. 

 


Extreme left: agencies that focus on sales 

In agencies where the account management team is highly sales-focused, your remit will likely be a mix of new business development and maximising revenue from your existing clients. 

Your work may include: 

  • Prospecting for new clients. 
  • Recognising sales opportunities. 
  • Having sales-based conversations. 
  • Closing deals. 
 
The pros 

The ability to sell is a must-have skill for an account manager. Not only will it make you more valuable to your agency, it will help you gain a deeper understanding of your client's business, it's a great way of building confidence and you're guaranteed to develop an agency-thick skin. Understanding sales and business finances is also a mandatory for senior-level account management and agency management roles. 

To conquer business financials and the sales process you'll need to master: 

  • The sales process.  
  • P&L (profit and loss) responsibility.
  • Budgets and forecasts.
  • What constitutes a profitable client.
  • Mark-ups and margins.
  • ROI (return on investment). 
  • How B2B (business to business) selling differs from B2C (business to consumer) selling.
  • The cost of new vs existing clients.
The cons 

Clients can tell when they are being "sold to" (and they don't like it!). Clients are not looking for you to sell them, they're looking for help.

If your mandate is to sell, sell, sell, then you will need to become skilled in masking your desire to sell behind a look of caring about your client and their business, and putting their needs first. 

You will also need to ensure that the solutions and suggestions you propose align with your client's pain points and business goals, otherwise you will merely come across as trying to sell irrelevant ideas. 

 

Extreme right: agencies that focus on relationships 

There is no doubt about it, building a solid agency/client relationship is one of the keys to ensuring repeat and long-term sales. In an agency where you are required to concentrate on just building the client relationship (based on the theory that sales will naturally follow), your remit will likely be: 

  • Keep your clients happy enough that they will choose to keep working with you. 
  • Grow your accounts "organically" through strong business relationships. 
  • Be an order-taker. 
  • Be a great communicator. 
  • Produce consistently good results. 

The pros 

Nobody is going to buy from someone they dislike. Your client has to like you and want to be your friend. People pay for friendship, so the concept of relationship-selling is a strong one. For account managers who hate the thought of "selling", then this type of agency would be perfect to work in, especially if you have a personable and efficient personality. 

The cons 

Sales via relationship-building is definitely possible, but having a good client relationship will not guarantee you sales. You are still going to have to be proactive, still have to make the occasional sales pitch, and still "close the deal”. 

The major concern with agencies who do not allow account managers to see budgets, forecasts and P&L information is that their staff become disconnected with the realities of agency business. If the primary role of an account manager is to demonstrably contribute to (and raise) agency revenue and profitability, it's almost impossible to do that with any enthusiasm or effectiveness if you have no visibility over (or accountability to) the figures. 

 

The middle ground 

Sales without relationship, or relationship without sales simply does not work; there has to be a balance between them both.

However, it’s vitally-important to remember that no matter what end of the agency sales spectrum you are sitting in, absolutely nothing can happen until somebody sells something. Our creatives can't create; our strategists can't strategise and our managers can't manage. Our agency services won't sell themselves, they have to be sold. Somebody has to get the clients to spend money, and that somebody is probably going to be you. To have maximum impact and truly help your clients:

  • Know that relationship-building and having a sales mindset are of equal importance.
  • Care about things other than just your sales numbers.
  • Listen to what your client is saying rather than pushing your service.
  • Find the root cause of their need and come up with a solution.
  • Never lie or sell someone something they don’t need.
  • Ask for the “sale”.
  • Make sure you fix their problem.

All agency owners want to make a truckload of money and be as profitable as possible - or else they wouldn't be in business. An account manager who can grow their accounts (either through new client acquisition or by maximising revenue on existing accounts) will be highly prized indeed!

.

.





Leave a comment

Comments will be approved before showing up.


Also in Latest Tips & Tricks

Meeting and managing expectations
Meeting and managing expectations

October 15, 2017

Expectations are somewhat 'mysterious' things. They are usually implied, unspoken, assumed, and rarely spelt out or written down. Just when you thought an account manager's job was challenging enough you will be expected to satisfy these unspoken expectations as best you can.

View full article →

The Devil is in the detail
The Devil is in the detail

October 02, 2017

If you are going to make an error on one of your jobs, it's highly likely that the error will be in the micro, not the macro. Those 'small' errors can be all it takes to derail a project, cost your agency thousands of dollars, or even lose an account. 

View full article →

Job titles: do they matter?
Job titles: do they matter?

September 17, 2017

From the time a bright-faced graduate enters the industry, through to Client Service Director, standardised job titles convey not only a level of seniority, status, experience, and ability, they also give an indication of salary ranges and perceived value contribution. This internationally-acknowledged pathway provides a handy benchmark for agency owners and hiring managers, but is this pathway fair, or even still relevant?

View full article →

Our gift to you!

SIGN UP TO RECEIVE WEEKLY ACCOUNT MANAGEMENT TIPS FROM AM-INSIDER, AND YOU WILL RECEIVE 100% OFF THE PURCHASE PRICE OF ANY ONE RESOURCE FROM THE AM-INSIDER WEBSITE. THAT'S ONE RESOURCE
ABSOLUTELY FREE.

It's our way of saying THANK YOU for subscribing, plus a BIGGER THANK YOU for caring about your career and wanting to become the best account management professional you can be. We're in behind you all the way.

CLICK HERE TO SIGN UP NOW!