Archive - November 2015

5 Things; Getting ROI from Sales Training? Free White Paper

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Unfortunately, too many businesses are currently caught up in the trap of being too focused on short-term cost-saving measures, rather than looking at the big picture and investing in their business. So, most are not putting their sales staff through a disciplined and strategically focused training program.

 

Today, they have to know exactly what to do to be successful in building their business. There is overwhelming focus on products and services, and not nearly enough time and attention being focused on the process of sales. The question is: Are you getting your ROI from training?

 

There’s a lot that goes into selling besides going out and making calls. Before, there was what I call low-hanging fruit that was easily gathered by salespeople who were nice and friendly. People liked them, and if they had a choice, they spent their money with them.

 

Today, people are a lot more selective about how they spend their money. They’re looking for professional experts, true consultants to help them build their business. Sales training should be more detailed than just an initial one-day training. Here are five things you can look at to build a successful sales force in this new economy:

 

Have the right management process in place. Organizations often take their best salesperson and make him the manager. This is a big mistake. If someone is an excellent sales person, they often have the traits that will make an awful sales manager. Management traits are very different than salesperson traits. It’s important to remember: Just because somebody is a good salesperson, it doesn’t mean she is going to make a good sales manager.

Focus on the salespeople’s activities. I often hear CEOs and sales directors say: “I don’t need to know what they’re doing when they’re out there,” “It’s not important for me to know what they’re doing every day” and “What’s important is to make sure that in the end they make their numbers.” That’s true. Activities are not just knocking on a door or picking up a business card and making a call. What it’s about is giving them the tools to help them understand what they are doing right and what to change.

Lack of true sales skills. We have often hired salespeople because, when they come in, they’re very friendly, very outgoing and we believe that personality will help them sell for us. That is absolutely not true. We need professionals who understand your products and services in a way that will help potential prospects ask the right questions to uncover what the real needs and the real depth of use would be. The depth of the question is what’s important, and the true professional salesperson understands how that value will be seen by the prospect, as opposed to a salesperson who is out there just being friendly and meeting people. It is not about glad-handing; it’s about being a true expert.

Lack of ongoing reinforcement. We tend to hire salespeople that have either sales experience or, more often, industry experience. Often, people with industry experience are bringing negative baggage with them. My recommendation: Find a process that you believe fits with your organization, that is the most professional and that you can track at every point in the process. Once you have that, have all of your salespeople use that process. It’s too difficult for you to manage salespeople when they each have their own way of doing things. They need to use their own personality and style, but within an approved process that matches well with the philosophies of your organization.

A poorly defined process. Make sure the process your sales department is using is the one that you feel most comfortable with. What are the pieces it should have?

First, it needs to have prospecting. There’s a variety of activities that people do, and you need to understand what your salespeople’s strengths and weaknesses are. They all need to have activities that need to be done all of the time, not just when they’re not busy.

 

The second thing is they need to prequalify every phone conversation. How often do they spend time in front of people that aren’t qualified – can’t make a decision, don’t have budget, don’t have enough money – and putting proposals out there and then following up. That’s not good for anyone.

 

And third: What are they doing when they are on the appointment? Are they actually interviewing the prospects, as opposed to just going in and telling them how wonderful the organization is and hoping they see an opportunity?

 

It’s very important to make sure the process is followed the way you want it to be. It needs to be an interview. After that, there needs to be a true discussion about dollars – about budget or investing. If that doesn’t happen, you don’t want to waste time on a proposal.

 

The next part of the sale process you want to look at is: Are they following up properly? Are they recapping the conversation and the commitments both sides made to move the relationship forward? Typically, a follow-up note or email from a salesperson says, “Thanks so much for the opportunity to speak with you. These are all the things we do, and aren’t we terrific?” That’s not what it should be. It’s a professional recap of what the conversation was, and the last step is your recommendation to the prospect based on what they said was important.

 

I hope that you’re taking your sales force, which is one of the most important things you have to grow your business, very seriously and spending time, energy and money on getting them trained properly. If not, you might as well just close your eyes, throw stuff against the wall and see what sticks. How’s that working for you?

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5 Issues That Prevent Optimal Sales Performance

 

12 Keys to Becoming a Power Networker!


Networking is a highly misunderstood activity. Business people feel it is for prospecting new clients. ITS NOT! It is for meeting people to find a few strategic alliances. A strategic alliance is someone that may speak to a potential client of yours and refer you to them and vice versa.

Here are a few tips;

1.Don’t try to sell. For most people it all ends tragically here. They mistakenly stroll into the industry conference or chamber of commerce meeting with the idea that they need to find someone to sell to. Don’t do it. It gives people the creeps. And it kills your real opportunity at these events–finding strategic partners.

  1. Give before you get. Don’t go with your hand out empty to your network. Not until you’ve made some deposits in your good will account. Build up your account first, by asking about them before talking about you.
  2. Ask questions.. Everyone says you need an elevator pitch to use when you meet someone at a networking event. But the way MOST people do it is, frankly boring.

It usually goes like this “Hi, I’m Bob, I’m an accountant…” or “Hi, I’m Bob with Enormicon, we specialize in scaleable solutions to strategic problems by finding synergy with customers, suppliers and partners”…Yuck! If you’re doing this, you’re boring and forgettable.

Ask a few questions to get the other person talking. What do you do? How long have you done that? What do you like the most about it? If I met someone that I thought would be a good referral for you, what would that look like?

  1. Set goals. Never attend a networking event without deciding how many strategic partners you’re going to meet. If you’re just starting, commit to two. As you get better, increase the number. When you hit the number go home, knowing you succeeded.
  2. Throw a rolodex party. Networking “rolodex parties” are get together‘s with key contacts every few months. Agree with your key contacts that you’ll meet for lunch and everyone will bring their contact list. You share lists, looking for people you can be introduced to.
  3. Make it easy to refer to you. So you’ve succeeded and you found a strategic partner who wants to refer people to you. She asks you “Who’s a good prospect for you?” And you say;

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“Anyone who does ____________.” You’ve just killed your opportunity for a referral. Anyone = No one!

Instead, make a “Top 10 People I’d Like to Meet List” and give it to your strategic partners. On the list put specific people or specific positions within specific companies such as “Chief Software Architect, Microsoft.”

By focusing your partner, you’ll get exponentially better results and you’ll get them faster.

  1. Play matchmaker. Your job in networking is to match up people who can do business with each other or who can refer business to one another. Spend some time each week (put it on your calendar) to think about who you can match up within your network. Then make the introductions. I suggest a minimum of two each week.
  2. Say thank you. If you get a referral or introduction from someone, say thanks. Send a personal note (you get bonus points for cookies or Starbucks cards).
  3. Test alliances quickly. Don’t waste time on people who don’t understand that networking is reciprocal. If you’re giving and giving and getting nothing in return cut the relationship.

Often you can determine how the relationship will go during your first conversation. If you’re asking all the questions and the potential partner doesn’t show interest in what you do…politely move on.

  1. Understand that it’s net WORK. Its not NET-SIT, its not NET-EAT or NET-DRINK….It’s NET-WORK!
  2. Have a system. Make your life easy and have a system for starting conversations, for meeting with partners the first time, for following up and for making introductions.

Having a system does not mean you have to be rigid, just that you follow a defined set of steps. You’ll be more effective if you’re not reinventing the mechanics of networking at every event you attend.

What techniques work well for you?

 

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