Question
If you upsell the airport module to all of your existing clients and maintain existing business what will you make annually $? Please include the
If you upsell the airport module to all of your existing clients and maintain existing business what will you make annually $?
Please include the math
Please use assumptions & data and Situational Info to answer
Assumptions & Data
Salary of $60,000 and Commission Plan:
-
5% of revenue on base module
-
10% on all add-on modules
-
plus any incentive adjustments from time to time
Other key items:
-
You have 10 total current accounts all of which purchase the same products as FPF.
-
40% of your new logo proposals close.
-
80% of your upsell proposals close.
-
Takes 2 meetings with an existing client before a proposal is generated.
-
Out of 3 new logo meetings on average 1 generates a proposal.
-
It takes 20 reach outs to schedule 1 existing client meeting.
-
It takes 50 reach outs (calls/emails) for 1 new logo meeting.
Situational Info
Objective:
Use your sales training to uncover and develop needs for add-on business and
schedule a demo or close business.
Situation:
You are an Account Executive for MYS Software (originally known as Move Your S...) a logistics software
as a service (SaaS) company.
You have a meeting with Fred Lift, COO of Fixed Price Freight (FPF), a large distributor of electronic
goods, that has been a MYS client for three years. You meet them every 6-12 months to insure they are
happy and try to upsell. You know the COO through business dealings, but you are not close socially.
Your sales manager has directed you to sell them the Airport Module. It is MYS latest offering and the
company is giving DOUBLE COMMISSIONS this quarter for all Airport Module sales.
Product Information:
MYS Logistics Software Suite
In general, your software acts as a system of record and saves time and insures compliance with the
many regulations. It typically provides 15% reduction in standard operational costs and a guarantee on
meeting legal compliance for shipping.
Base Module $2k month -
Currently Purchased
o
Inventory Module $1k month -
Currently Purchased
o
Warehousing Module $1k month -
Currently Purchased
o
Oceanic Freight Module - $2k month
o
Space Freight Module - $3k month
o
Airport Freight Module $2k month -
NEW Offering Double Commissions!
Airport module installs quickly in 1 day and three similar companies have
reduced time to coordinate cargo by 40% !!!
Airport module demos and customer service are staffed with Airport cargo
specialists!!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started