Sale Manager
Additional Information
Duties
The following is what sales managers usually do:
- Complaints about sales and service should be resolved.
- Prepare and approve spending in the budget.
- Focus your sales efforts on what your customers want.
- Perform a study of sales figures.
- Determine the profitability of products and services based on sales projections.
- Calculate special pricing or discounts.
- Construct strategies for acquiring new clients or consumers via direct sales tactics, cold calling, and in-person visits to other companies' offices or facilities
- Set up sales regions and quotas for each representative.
- Coordinate sales personnel training programs.
The duties of sales managers differ according on the size of their companies. Instead of directing the distribution of products and services themselves, most sales managers delegate these tasks to their employees and then hold sales representatives accountable for meeting their company's revenue targets.
Retail and wholesale and manufacturing sales personnel are hired, trained, and supervised by sales managers.
Sales managers help their sales reps enhance their performance by providing them with advice on how to do so. They are in charge of regional and local sales managers and their teams in major multi-product companies.
Managers of sales also keep in touch with distributors and dealers. They use sales data provided by their employees to assess product and store sales potential and inventory needs, as well as to track client preferences.
Sales managers collaborate extensively with their counterparts in various divisions of the company. There are a number of ways in which the marketing department may help the sales department. The link between these two divisions is essential to the growth of an organization's customer base. Customers' tastes and inventory demands are also known by sales managers who collaborate closely with research and design departments and with warehouse divisions.
Prospective clients are being identified with more precision thanks to the data that salespeople are gaining access to about their buying patterns. In turn, they have more time to help close sales by presenting personalized sales pitches to each of their clients.
A sales manager can fall into one of these categories:
B2B sales managers are responsible for overseeing sales from one company to another. Some of these people work for manufacturers or wholesalers, while others are employed by retailers. Sales managers in charge of software sales to businesses, and sales managers in charge of wholesale food sales to grocery shops are examples of these individuals.
B2C sales managers are responsible for overseeing direct sales between firms and consumers. These supervisors are frequently seen in retail. Automobile dealership and department store sales managers are good examples of this type of profession.
Education
While a bachelor's degree is often necessary for sales managers, some roles may accept candidates with only a high school background. It is beneficial to take courses in business law and management; economics; accounting; finance; mathematics; marketing and statistics; and business.
Extensive Previous Experience in a Related Field
For a sales manager, experience in the field is often essential. Employers want individuals with at least one to five years of sales experience, but the recommended length of time varies.
In most cases, sales managers begin their careers as retail or wholesale sales representatives, manufacturing sales representatives, or buying agents, among others. As a result of the restricted number of sales manager jobs in smaller businesses, promotion for sales professionals is frequently delayed. Promotion may be faster in large firms.
Qualities that are critical to success
Critical thinking abilities. In order to identify the most promising geographic locations and demographic groupings, sales managers must analyze a wide range of complicated data.
Confidence in your ability to communicate. Sales managers must be able to interact effectively with their coworkers and clients.
Customer-service abilities. In order to close a deal, sales managers must pay attention to and respond to their customers' concerns and desires.
Possessing the ability to lead. Sales managers must be able to analyze the performance of their sales force and devise methods for achieving sales targets.
Pay
In May 2020, the median yearly salary for sales managers was $132,290 (median annual salary). When half of an occupation's workforce earns more than the median wage, the wage is referred to as the "median wage." The bottom 10% made less than $63,170, while the top 10% earned more than $208,000.
Job Projections
Sales managers' jobs are expected to expand by 7% between 2020 and 2030, which is roughly the same rate as the overall job market.