Sunday, January 25, 2009

Sales Forecasting For New Business


Of their customers 80 f your sales amount to. If you can identifizierenen, can these 20 ou begin to develop a profile of your chief markets.

Example customer profiles:
Man, age 20-34, specialist, middle income, suitability consciously.

Recent families, parents 25 to 39, middle income, main owner.

Small to medium sized magazine and book publishers with sales from $500.000 to $2.000.000

Determine tendencies, by cross talking with business suppliers, which well sold and which is not. Examine new copies of your industry out `s office hours writings. Look for the office hours writing index (found in the larger libraries) according to the articles, which are referred on your kind of the business.

Question: What are five customer profiles for your business?

Question: What are some customer tendencies for your customers/clients?

Step 2
Regard the range, within which you will act

Manufacture the approximate size and the position of your planned area of distribution.

Use existing statistics, in order to determine the general characteristics of this range.

Use local pouring, in order to determine singular characteristics over your area of distribution.

How far does your average customer travel, in order to buy from your business to? Where do you intend to sell or promote your product? This is your area of distribution.

The estimation of the number of individuals or households can be found with less difficulty using the national at your library or at city hall counting data to be done. Their local statistic office or Chamber of Commerce can identifizierenen, which the average household on goods and services spends.

Neighbourhood business owner, the local Chamber of Commerce, the government means and the community newspaper being some sources, which can give an idea of singular characteristics of your range to you.

Question: What are the statistics over the people in your range?

Step 3
Listing and profile competitors, which sell in your area of distribution.

Refer back to the data, which collected you in your market study.

Go out on the road and to study you your competitors. Visit their memory or the positions, in which their product is offered. Analyze the position, which customer volumes, which traffic processes, which hours of the enterprise, busy period, prices, quality of their goods and services, which product series, which are carried, which bring promoting techniques and in position, the product catalogs and other news sheets. If feasible, discussion to the customers and sales personnel.

Step 4
Use your research, in order to estimate your sales on a monthly basis for your first year.

The basis for your sales prognosis could be the average monthly sales the similar-sorted competitor `s of enterprises, which function in a similar market. It is recommended that you bend adjustments for these years forecast for the industry make.

You are safe to reduce your illustrations by a starting annual factor of approximately 50 month for the starting months.

Regard, as well your competition satisfies the necessities for the possible customers in your area of distribution. Determine, as you inside to this illustration fit and which niche you flat to fill. Do you offer a better position, comfort, a better price, newer hours, better quality and better service on?

Regard population and economic growth in your area of distribution.
Using your research you form a formed assumption at your market share. If possible, express this, how the number of customers, who can hope you, in order to tighten. They can hold it for conservative and your illustration around approximately 15 reduce to wish

Prepare Absatzlakulationen month for month. You are safe to determine as seasonal your business are and to regard it begin above months.


Further points
Proceeds of sale from the same month in the year before form a good lower surface for prediction sales for this month in the following year. E.G. if the tendency meteoroligists in the economy and in the industry forecast a general growth of 4 or of next year, it is completely acceptable for you to show each months out-standing sales with that 4 more igher than your actual sales the year before.

Reliable prognoses can come from those, which have the actual customer contact. Keep the salesmen at the n�hsten connected with a certain product series, a service, a market or an area, in order to give their Bestsch�tzungen. Experience examined that the people prognoses can be surprisingly exact. Sales forecast and the enterprise plan

Seize the data after it were repeated and improved together. The summary will represent part your enterprise plan. The sales, which are prognosticated for the first year, should be month, while the prognosis could be expressed for the following two years as quarterly illustration. Receive a second opinion. Let the prognosis of somebody else examine, which is familiar with your division. Show them the factors, which regarded you and to explain you, why you think that the illustrations are realistic. Their abilities at the forecast improve with experience, particularly if you treat them as; live prognosis. If you repeat your prognosis monthly magazine, use your actual and you improve the prognosis, if you see any important discrepancy, which cannot be explained in a unique only situation expressed. In this way your forecast technology improves fast and your prognosis becomes increasingly exact.


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