Pharmaceutical
Sales
As therapeutics converge with medical devices
questions are arising as to what type of sales
representative is best suited for the selling
of these products. It is a question SalesForce4Hire®
needed to answer sooner rather than later. As
a custom sales organization that delivers outsourced
solutions for companies seeking rapid market traction
in the health care segment, the company was faced
with this question early on in this emerging environment.
Pharmaceutical sales are highly different than
medical device sales. In many ways it is more
of a promotional activity versus a truly classical
sales activity. The pharmaceutical sales representative
provides education to doctors writing prescriptions
for a family of therapeutics represented by the
sales person. They never actually “close”
a deal like a medical device sales person does
on a regular basis. In other words, there’s
never a purchase order cut for the purchase of
a pharmaceutical. Sales cannot be tracked to an
actual doctor as well. Pharmaceutical sales are
tracked by zip code reports that measure the flow
of prescriptions being filled by local pharmacies.
“In many ways it is difficult to measure
the actual performance of a pharmaceutical sales
representative. A medical device sales representative
is much easier to measure in terms of sales performance,”
comments Kevin Schimelfenig, Managing Partner
of SalesForce4Hire. “It is the difference
between transactional performance and promotional
performance. Each role has evolved to optimize
the flow of goods from a manufacturer. Part of
the question between the impact of a pharmaceutical
sales rep and a medical device sales rep can be
answered in the shear numbers of each type of
professional that is deployed by their employers.
You simply don’t see many medical device
companies deploying 4,000 sales reps the way you
do with pharmaceutical sales organizations. I
think that speaks volumes as to the effective
impact of each type of sales person.”
“We’re in the acceleration business,
so we need hunters rather than farmers, adds Mr.
Schimelfenig. “We initiate action and immediate
revenue, so the type of skills we require are
different than the skills offered by your typical
pharmaceutical sales representative. We strongly
feel this is true with converging products as
well. We consciously don’t allow ourselves
to be distracted by definitions and preconceptions.
Every product, every deal is different and each
deserves the highest degree of due diligence when
determining how best to secure market traction.
By concentrating on the prospect the question
actually answers itself through disciplined market
research.”
The convergence of technologies continues to
accelerate as information technology, biotechnology,
and classical medical devices continue to come
together to create novel therapeutic applications.
“By staying focused on the clinical environment
and the type of physician that is actually administering
the therapy we feel we will continue to make the
right decision as to the type of talent necessary
to accelerate the sales and revenue our clients
seek,” Mr. Schimelfenig continues. “The
customer always has the right answers for you,
if you only choose to listen. Staying close to
the clinicians is the best way to answer pretty
much any question you may have about your sales
process.”
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