Objective:
• Understand the financial principles and strategies involved in the sales and marketing process.
• Learn how financial decisions impact sales and marketing effectiveness.
• Develop skills to analyze financial data and make informed business decisions in sales and marketing contexts.
Course Content:
Financial Fundamentals in Sales and Marketing
• Explore the basic financial concepts relevant to sales and marketing.
o Overview of financial statements and their importance in decision-making.
o Understanding key financial metrics and ratios used in sales and marketing.
Budgeting and Forecasting in Sales and Marketing
• Learn how to develop and manage budgets for sales and marketing activities.
o Techniques for creating effective sales and marketing budgets.
o Forecasting methods to predict sales and marketing outcomes.
Cost Management and Pricing Strategies
• Understand the cost structures associated with sales and marketing activities.
o Cost management techniques to optimize expenses.
o Pricing strategies and their financial implications.
Financial Analysis and Performance Measurement
• Develop skills to analyze financial data to evaluate sales and marketing performance.
o Methods for analyzing sales revenue, profitability, and ROI.
o Using financial analysis to assess marketing campaign effectiveness.
Financial Decision-Making in Marketing Investments
• Learn how to make financial decisions related to marketing investments.
o Evaluating marketing opportunities and assessing financial risks.
o Financial modeling and analysis for marketing projects.
Integration of Financial and Marketing Strategies
• Explore how financial strategies align with marketing objectives.
o Collaborative approaches to integrate financial and marketing plans.
o Aligning financial resources with marketing strategies for maximum impact.
Case Studies and Practical Applications
• Analyze real-world case studies to understand financial aspects in the sales and marketing process.
o Applying financial concepts and strategies to solve business challenges.
o Learning from successful financial management practices in sales and marketing.
FOR WHOM:
Sales analyst, account managers, sales managers, marketing professionals and others who perform related functions.
Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.
DATE:
1ST BATCH: 4th – 7th Feb, 2025
2ND BATCH: 27th – 30th May, 2025
3RDBATCH: 16th – 19th Sept, 2025
25, Queen street, Alagomeji Bus Stop, Yaba, Lagos