|
|
Subject:
Average cost for a sales meeting
Category: Business and Money Asked by: randysch-ga List Price: $2.00 |
Posted:
02 Jul 2002 18:19 PDT
Expires: 01 Aug 2002 18:19 PDT Question ID: 36046 |
What's the cost for the average sales meeting, not including airfare, meals, hotel? I've seen this statistic in the 80s and it was $250. I'm not sure how it's calculated, but I think it's related to the cost for making the appointment, driving there, meeting with someone, driving back. | |
| |
| |
|
|
Subject:
Re: Average cost for a sales meeting
Answered By: seedy-ga on 09 Jul 2002 17:20 PDT Rated: |
One of the main sources to publish the changing cost of a sales call, is Sales & Marketing Management Magazine. This magazine is available for an annual subscription of $48 per year. If you are interesting in following the estimated cost of a sales call historically, you will need to subscribe to a magazine such as SMM or subscribe to a rating service such as the Hay Group. http://www.salesandmarketing.com/salesandmarketing/index.jsp http://www.haygroup.com/ http://www.targetonline.com/ Frequently, data that is one year old or more is published for the general public while the most current year's data is protected for subscription service. Of course, the value of the sales call cost infomation is questionable since the cost estimate does vary depending on the method of selling from quantity calls to quality calls. Service businesses which depend on consultative selling will have a higher sales call cost as will capital project sales. Commodity products where the product is quite specific and the benefits and comparisons with competition are easily made, will have a lower cost of sales call. The sales call cost generally includes, salespeople's compensation, benefits, and travel-and-entertainment expenses. For commodity sales, the average cost of the sales call is described by SMM as $169 per call in the year 2000 while the cost of a consultative sales call is reported to be $212 per sales call. This data was picked from several printed sources of industry magazines including Modern Plastics, Injection Molding, Printing Industry, and Converting Magazine. I hope this information is satisfactory to you. Without the paid reports, the historical data and future projections are difficult to follow. My experience is that the numbers shown have not changed that dramatically in the past 5 years and will be projected flat for the next five years since general inflation affects this cost factor and general inflation has been quite low in the recent past and seems to be projected low for the immediate future. search strategy: Google search "sales & marketing magazine" (I knew of its existence from my business experience) The correct name is Sales & Marketing Management Magazine. It lead to the other sources. Google Search: ://www.google.com/search?hl=en&lr=&ie=UTF-8&oe=UTF-8&q=%22marketing+magazine%22 I will be happy to clarify information contained in this answer if necessary. Thank you for asking this question and for having the patience to clarify it and to wait for the answer to develop. seedy |
randysch-ga
rated this answer:
BULLS EYE!!!! THANKS, Seedy |
|
Subject:
Re: Average cost for a sales meeting
From: lot-ga on 02 Jul 2002 21:58 PDT |
Hello randysh-ga . Best prospect I found was 1997, based on Panamanian business travellers in the U.S. including hotel costs :( . According to industry sources, Panamanians travel primarily to Miami, Disney World/Orlando area, Washington, D.C., New York and Los Angeles. . Business travelers, which comprise 65% of the total outbound Panamanian passengers, stay an average of 3 to 5 days in the United States. They favor first class hotels, rent cars and spend an estimated U.S. $250.00 to $300.00 daily. . The average business traveler is male, 35 to 50 years old and an executive. . The average leisure traveler spends from U.S. $150.00 to U.S. $200.00 a day. . source: http://www.tradeport.org/ts/countries/panama/isa/isar0011.html . if you really, really want to pay $199 for the "Survey & Analysis of Business Travel Policies & Costs" book you will get a figure of some sort but not for 1980. . http://www.runzheimer.com/tmc/scripts/satravel.asp . and if you did include the airfare for 2001: "The average cost of a three-day business trip will rise 6.4 percent, twice the rate of inflation, the study shows. A calculation, using the estimates provided by the association, indicates that a trip for one person that would have cost $1,913.70 this year likely will cost $2,035.74 next year." . source: http://www.ltbn.com/aboutLTBN/press_releases/Onvia.htm . and if you wanted to include meals http://www.un.org/Pubs/whatsnew/dsar.htm . but alias... this give the wrong answer :( . regards lot-ga |
Subject:
Re: Average cost for a sales meeting
From: seedy-ga on 09 Jul 2002 22:16 PDT |
You may wish to check the following websites for additional information: www.haleymarketing.com/articles/costsale.pdf http://www.americanbusinessmedia.com/sourcebook/p77s3.htm http://www.mountaineagleweb.com/Design/Design.htm http://www.saleshelp.com/guestservices/destinations/newsletter/news06.html Search Strategy: Google search "sales call cost" ://www.google.com/search?hl=en&lr=&ie=UTF-8&oe=UTF-8&q=%22sales+call+cost%22 seedy |
If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you. |
Search Google Answers for |
Google Home - Answers FAQ - Terms of Service - Privacy Policy |