Often, companies, especially public companies, place too much emphasis on reaching quarterly sales goals, to the exclusion and detriment of long-term revenue sources. There is nothing in the account development cycle that is inconsistent with reaching sales goals. It simply is an effective model with which you can grow your account relationship. It helps you set proper sales goals at the account level that lead to both achievement of sales goals and growing market share.
Very simply , you start with the largest account in your market (using the large-account strategy) and grow your market share from zero to 100 percent. (I realize that it is not possible to have 100 percent market share at most account , but let’s assume that it is possible for purposes if this discussion.) New , you move to the second largest account in the market and repeat the process-grow your market share from zero to 100 percent.
If your follow this process at the third largest account. Then go on to the fourth, fifth, sixth, and smaller account on the list, your market share is growing and the market share of the competition is getting smaller. The interesting point is that it is easier to make additional sales at the same account then it is to find new accounts. Therefore, following the account development cycle and using a relationship-based approach will grow your revenue faster than will a transactional approach to sales. Over time, you will assume a dominant position in the market and your competition will be minimized. The account development cycle and relationship-based sales provide a superior approach.