Sales History: Sales Quota Setting Today vs. 100 Years Ago

Feb 3, 2023 | Video


Sales History: Sales Quota Setting Today vs. 100 Years Ago

Why is it that, 100 years ago, sales quotas were calculated by market analysts and sales quota specialists TERRITORY SPECIFIC, with the data shared with each rep individually, when they had LESS DATA and LESS TOOLS AVAILABLE TO MAKE SENSE OF DATA than we do today?

Give a quick view of the video, then scroll down:

——- (Selected quotes from March of 1926’s joint meeting of The American Management Association and The American Statistical Association in New York for your edu-tainment) ——

“I have little patience with the ready-made, hand-me-down quota. There is no panacea. If it is wrong, I do not care how simple it is, it will not stay sold even if you are able to sell it (to the salesperson) in the first place.”
(H.G. Weaver, General Motors Corporation)

“Sales quotas are more likely to be accepted wholeheartedly by the sales force when there is definite proof that a given factor does influence the sales of a commodity and when the weight to be assigned to it is not determined by individual opinion or guesswork.”
(Donald R. G. Cowan, Swift & Company)

Regarding the investment in a analyst/specialist: This individual provides the value of “setting quotas which could be accepted as a standard of accomplishment for the sales(person) and as a basis for the redistribution of sales energy on a more economical basis.” (Weaver, GM)

And regarding simply adding 5-10% to last year’s quota and/or attainment as the new quota: “amounts to using the thing to be measured as the measuring stick of itself.” (Weaver, GM)

0 Comments

Other Videos You Might Enjoy

Sales History Museum Virtual Tour – Part One

Sales History Museum Virtual Tour – Part One

Sales History Museum Virtual Tour - Part One I collect books, magazines, and all sorts of other collectibles and artifacts from sales history’s past. Books from the 1880s. Magazines on sales and sales leadership from as early as 1903, joke books for traveling...

read more
Why Is The Time Right For Transparent Negotiations?

Why Is The Time Right For Transparent Negotiations?

Why Is The Time Right For Transparent Negotiations? Why are we still negotiating like it's 1985 - when the deal itself was the peak of the selling relationship? In today's economy, where the proliferation of information is abound, and where the deal is merely an early...

read more
B2B Lessons from shopping at Costco

B2B Lessons from shopping at Costco

B2B Lessons from shopping at Costco Want to hear me go on a rant about shopping at Costco? 😐 Don't answer that! 😁 Being successful does not require you to be perfect. Being successful does not require you to be all things to all people. The truly successful businesses...

read more