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Improve Sales Execution; The Power of One Thing

The One Thing

 

Multitasking is a lie that far too many people believe to be true. Scientific data proves multitasking is not as effective as focusing on one thing at a time and completing it before moving on to the next task. This is particularly true for salespeople as we have the reputation of; chasing shinny objects. When salespeople develop the discipline of focusing on one thing and seeing it to a close they meet and exceed their sales goals. In this post I will share a great new book I have been reading; The One Thing, the surprisingly simple truth behind extraordinary results by Gary Keller with Jay Papasan.

 

As I have shared before sales execution is often a common problem in sales teams. Senior leadership did their 2-3 day strategy planning, came away with the plan and rolled it out to the team. However in most cases, CEO’s find themselves frustrated six months into a new sales year when sales results are not achieving plan and upon investigation they find what I refer to as the great disconnect…sales is not executing the plan. Why does this occur and what can be done to insure sales execute the plan and achieve their sales goals?

 

Focus

 

As the authors of the book; The One Thing share we achieve more when we go small. It takes great discipline to ignore all the things we could do and focus on the thing we should do. The authors share six lies that stand in the way of our success;

 

  1. Everything matters equally
  2. Multitasking
  3. A disciplined life
  4. Will power is always on Will call
  5. A balanced life
  6. Big is Bad

 

I highly recommend you buy and read this book. You will find yourself highlighting each page and writing notes in the margins.

 

Having lead sales and marketing teams for over 30 years as well as coaching salespeople, one common area salespeople must get over to achieve sales plan and hit their goals is the myth of multitasking. They believe busyness drives business… and this is simply not true. What does drive sales results is focusing on serving the customer. However when you ask a salesperson a simple question; what did you do yesterday?…you will often hear;

 

  • worked with frank in shipping to get my order out
  • I helped Joanie in customer service with…
  • I worked with engineering to quote the part #…
  • I did my call report from my last trip
  • I called and left messages with 6 current customers
  • I did some research on a guy I have been trying to sell for over a year
  • I worked with Lisa in accounting to get one of my accounts to pay their bill
  • I booked my travel plans for the meeting we are having in two weeks
  • I chased down the reasons why my order for …..did not ship on time as we promised
  • I worked with scheduling to try to move up the delivery on my order for …..
  • I did my expense report from the trip I did a month ago…
  • I entered some updates into the CRM
  • I sent email follow ups on order ship dates to some of my customers
  • I read an article in our industry trade journal about how a number of our customers are moving to …..

So what is a sales manager to do? where do you start?

I am a big fan of four legged sales calls. This is where you travel with your salespeople and meet with current customers, potential customers and often past customers you have lost and are trying to win back. One of the things I am also doing is determining how focused the salesperson is. Yogi Berra said ; you can learn a lot by observing… and what I often observe that is also occurring in a salesperson’s day they may not be aware of includes;

 

  • Multiple calls from their spouse or the person they are dating
  • a text from one of their children or friends
  • an email joke from a friend
  • junk emails with links to content salespeople read
  • LinkedIn updates on who visited their profile, who found a new job, and who may have endorsed them today
  • Facebook updates
  • Twitter updates
  • Maybe Google + updates
  • You tube videos they just have to watch
  • Good articles from industry trade journals sent to their email
  • Emails from customers needing help with quotes, order status updates, why an order did not ship
  • Reading blogs about how to improve their sales performance
  • Reading blogs and articles about their personal interests

 

* to make this even more of an interruption all of the above and more come through or cell phones.

 

You get the idea….salespeople today have a tremendous amount of distractions and can easily fall into the trap of believing being busy, having a great deal of activity , adds value. What adds value is bringing in and closing more profitable sales.

 

A great quote from the book; “ It’s not that we have too little time to do all the things we need to do, it’s that we feel we need to do too many tings in the time we have” – Gary Keller

 

What I really enjoyed about this book is how they blend in clinical research. Research shows workers are interrupted every 11 minutes and spend 30% of their day recovering from interruptions. We have an average of 4,000 thoughts a day flying in and out of our minds. We change a thought every 14 seconds so it’s easy to see how we fall into the trap of multitasking. But sales people who multitask get more done right? Wrong! Research shows;

 

  • the more complex the task you switch from when distracted the less likely you are to go back to it
  • chronic multi-tasker’s develop a distorted view of how long it takes to do things
  • workers who multitask make more mistakes
  • they have more stress
  • multitasking makes us slower witted

 

The book goes on to share more statistics and if you are like me will quickly agree we have been sold a lie with regards to multitasking.

 

How do we break this cycle of poor sales execution as a result of the multitask lie? The authors give us a grounding question to ask ourselves and our people each day;

 

What is the one thing I can do such that by doing it everything else will be easier or even unnecessary?

 

Let that question soak in, seep deep into the marrow of your bones….

 

What is the one thing your salespeople can do that by doing it everything else will be easier or unnecessary?

 

What is the one thing you as the leader can do that by doing it everything else will be easier or unnecessary?

 

What is your to-do list for today? How many to-dos do you have today?

 

How can you boil that list to one thing that you will do today that will have the most impact because you focus on it and see it to completion?

 

I highly recommend the book; The One Thing as at first it will help you, your team, and your ability to drive extraordinarily results. The hidden benefits will also arise as you apply its wisdom to your personal life….your health, your marriage, spiritual life, your relationship with your children and so on. This book, like Ctrl Alt Delete will be a resource tool in my library for years to come.

 

 

 

 

 

Increase Sales Quick Tip; Breaking Through the New Gate Keeper…No Gatekeeper at All

 

lobby

 

I was asked to share some quick tips that are in my seminars and coaching calls so once per month I will share what I will call; “Increase Sales Quick tips”. Keep in mind “I “did not make these up, these come from working in the market and observing what works.

 

The first quick tip is; how to break through the new gatekeeper; no gatekeeper at all. In this post I will share a technique for finding and connecting with the right buyer when you enter a prospect’s building and you are greeted by a few chairs, a phone and a call list.

 

If you follow my content you know I am not a big fan of “cold calls”. I feel with technology today there really is not excuse for a cold call. You can do some quick research on your smart phone, identify key contacts through linked in, and even send an introductory email or make a phone call prior to the traditional cold call drop by. But let’s say you are still not sold, and have grown your sales by “dropping in” on prospects in your market, often near appoints you have already booked. A new gate keep that keeps many salespeople from connecting with the buyer and or key contact is the lack of a person in the lobby.

 

You have decided to drop in at an account near one of your customers, you walk into the lobby and you are greeted with a few chairs, a phone, and a locked door…now what?

 

While working with a Gary, a salesman in Knoxville I observed a great technique; call the HR manager. If you do not have a receptionist to guide you to the right contact and buyer, one of the most helpful people in most businesses is the HR manager. When this salesman does a cold call and is greeted with a phone in a lobby, he finds the HR manager and in most cased the HR manager connects him directly with the right person. The right person picks up because the call is coming from the HR manager.

 

Although we all know there are no excuses for making “drop by cold calls” today ….we all still do them. If you find yourself greeted by an empty lobby, try contacting the HR manager to improve your odds of connecting with the right person.

 

What area(s) of sales, sales management, marketing, business development do you struggle with?

 

Please share the roadblocks you encounter to hitting your sales goals and I will answer them in this quick tip post format.

Attention CEO’s and CFO’s; Do you have a “Sales and Marketing Funnel” or Bucket? …the answer may surprise you, take a short quiz and know for sure

 

 

do you have a marketing and sales funnel or a leaking sales bucket?
do you have a marketing and sales funnel or a leaking sales bucket?

 

“Wouldn’t it be great if we could have our sales and marketing run like our plant? We could have key indicators, a proven methodology, and process with predictable results…”I hear business owners and leaders say this to me often once they relax and truly share their thoughts and concerns. Far too often CEO’s and CFO’s think/hope their marketing and sales teams have a defined process that is efficient and effective to drive predictable results. Unfortunately, if you really understand and look at leading indicators what they think is a marketing and sales funnel is actually a sales bucket. In this post I will share how to determine if your team has a marketing and sales funnel or a sales bucket that leaks an occasional sale or two.

 

I was asked by the chairman of the board of a company to have lunch. He heard through his venture capital and private equity network what I do, and he was warned early on my approach is a bit different. I enjoy meeting new people and business problems are drawn to me. I enjoy learning new things, facing new challenges and each meeting like this one always teaches me something. Once we made it through the pleasantries it was not too long for me to hear his concerns;

 

Why can’t sales and marketing be like my manufacturing plant? Predictable, scalable, and provide me sales forecasts I can count on?

 

It drives me nuts to know we are spending so much money on marketing and I do not see an immediate and often long term return on that investment, but I am afraid to stop making it in case it would hurt the performance we are seeing.

 

What we need is a repeatable sales process. We need the sales guys to be more efficient at closing business and bringing in the revenue.

 

Based on our moderate to poor sales results over the last few years, do I have the right salespeople or should I be looking for new ones?

 

I feel like the CEO / President is asking for more money each year for marketing, but I am not seeing a corresponding increase in sales…why?

 

We seem to have high turnover in sales, we lost some good sales people and this has to be expensive and hurting our results.

 

About the time we finished eating he said; “what do you think? Is this something you can help with, can you fix sales problems like this?”

 

I have and often do “fix sales problems.” However more often than not what CEO’s and business owners want to hear on how to fix sales problems is not the way they anticipate. In most cases they think they have a repeatable sales process, but they don’t.

 

They think they have a marketing funnel that is dumping primed and ready leads to their salespeople and their sales people have a proven way to close them quickly. They think they need more sales training. They think they need to better motivate their sales people to perform.  No, no, no and in most cases no again.

 

What I have observed in most cases is leaders, particularly those not from marketing and sales believe they have a marketing and sales funnel, but in reality they have a bucket, with an every so small hole in the bottom that occasionally leaks a sale or two. Left unchecked this marketing and sales bucket becomes a Chinese water torture to your senior leadership team as they try to explain and predict future revenues and ROI with owners and investors. As one thought leader just shared, what they think is a funnel of live and vibrant leads and opportunities is actually pipeline stench. The pipelines may look full and make you feel good in senior management meetings Monday mornings…but are actually full of dead and rotting opportunities polluting your entire marketing and sales process.

 

Do you have a Marketing and Sales Funnel or Bucket?

 

  1. What is your lead to close %? Do you know it?
  2. Do you have defined stages in the marketing and sales pipeline? What are they?
  3. Can you share the # in each phase?
  4. If I met with your latest new salesperson, could they share your repeatable sales process with me?
  5. Does sales and marketing have an understood definition of the terms; opportunity, prospect, lead?
  6. Can you tell me the average time a new person you engage with spends in your process until they buy or die?
  7. Can you share the qualifying questions you use?
  8. Do you have the top three buyer personas  identified and have you mapped out their buying journey?
  9. Have you added new sales tools in the last 6-12 months?
  10. Does your web site speak in the tone of the problems you solve?

 

If the answers I receive to the above have three or more “no’s” you have Marketing and Sales Bucket not a funnel.

 

How about your company?

 

Do you have a “Marketing Funnel”, “Sales Funnel” a “Repeatable Sales process”?….are you sure? (you need to be)

 

What other questions could we ask to determine if you have a funnel of vibrant buyers anxious to buy and solve their problems, or a bunch of rotting dead leads just polluting your management process?

 

In the market of today there is no excuse to not have marketing and sales funnel that is a systematic process driven tool to maximize your team’s effectiveness and do so in the most efficient way.

 

So did this post make you nervous, anxious, and maybe a bit angry? As your team for the answers to the above that I use to diagnose teams I serve, and you will quickly understand your internal truths. Once you do, you are well on your way to driving a process that gets results. In my next post I will share some techniques I have used to turn marketing and sales buckets into funnels.

What You should Do If You Report to a “Post Turtle Sales Manager” ?

post turtle manager

 

 

In my last few posts about different types of buyers and how to sell them, I shared advice about how to sell a “Post Turtle Buyer”. I had planned to keep sharing different buyer types I have worked with over the years. What surprised me were the emails and calls I received asking; what should I do if I report to a “post turtle sales manager”? The reason I started blogging was to share advice in hopes it helps and serves others. If you report to a “post turtle sales manager” this post is for you.

 

First we need to make sure we are talking about the right challenging sales manager. A “post turtle sales manager” is one that was placed in this role and does not know what to do there. Someone else put them there and they did not climb up there, earn this position on their own. When I spent some time researching why sales super stars leave, I found one of the leading reasons was their boss; their sales manager. However most of those interviews were about what I referred to some time ago as the “Ass Kicker”. The Ass Kicker is a jerk basically who subscribes to; the beatings will continue until the moral improves weekly. When something goes wrong, sales are not met they quickly look for an ass to kick or a throat to choke. They lack the emotional intelligence to manage themselves let alone a team of people. They often lead with fear and intimidation and if you are struggling with this type of sales manager I have some advice for you here.

 

A Post Turtle Sales Manager is different. They may have been a salesperson promoted. After all since they were so strong at selling they would be an awesome sales manager right?… WRONG. Managing and leading people requires an entirely bigger skill set than how to sell products effectively.

 

I have seen Post Turtle Managers also emerge from the owner’s rolodex of “smart” people and or relatives.

 

Just because you are smart is does not insure your success leading a sales team.

 

Just because you may have the same DNA flowing through your veins as the owner, it does not mean you have the training, experience and gifts to lead a sales team.

 

What should you do if you now have a post turtle sales manager?

 

  1. Make a decision – do you want to work for them? You now understand who and what they are and are you willing to sign up for this deal? If the answer is no, and it often is with sales super stars, start making your plan to exit now.
  2. Assuming you chose to stay, first identify how they will be judged.
  3. Help them achieve their objectives.
  4. Ask them to go on some four legged sales calls.
  5. lead up; you do not have to have a title to have influence
  6. Find them a raving fan account contact they can bounce ideas off of and learn about current market problems common in your business.
  7. Find them a Mentor, someone in your organization or someone in a similar role serving your industry but obviously not a competing company.
  8. Find them an industry association group to join, participate in.
  9. Help them find a local leaders organization like Vistage.
  10. Encourage them to subscribe to content, like my blog here at www.nosmokeandmirrors.com

 

 

Other sales and sales leadership content I would highly recommend includes;

 

 

Selling Power: http://salesleadershipblog.sellingpower.com/

 

Sales Benchmark Index: http://www.salesbenchmarkindex.com/bid/97712/Why-Slow-Sales-Leaders-Won-t-Survive

 

Top Sales World: http://topsalesworld.com/topsalesmanagement/

 

Insight Squared: http://www.insightsquared.com/2013/05/sales-leadership-vs-sales-management/

 

Salesforce Blog: http://blogs.salesforce.com/company/

 

Revenue Journal: http://www.revenuejournal.com/

 

 

 

Content specific to leadership would include;

 

 

Management Excellence: http://artpetty.com/blog/

 

Chris Brogan: http://www.chrisbrogan.com/

 

How to change the world: http://blog.guykawasaki.com/

 

Tom Peters: http://www.tompeters.com/

 

Leadership Wired: http://www.johnmaxwell.com/blog/

 

Brian Tracy’s Blog: http://www.briantracy.com/blog/

 

Leadership Now: http://www.leadershipnow.com/leadingblog/

 

 

Some you tubes they could watch include:

You don’t have to go it alone; http://www.youtube.com/watch?v=kL03rvRxnys

 

This week in sales: http://www.youtube.com/watch?v=DVpAu4jvvb8

 

Connie Podesta: http://www.youtube.com/watch?v=FLhuFKCiX0A

 

 

A couple of great books;

 

 

Profit from the Core

 

New Rules Marketing and PR

 

Ctrl Alt Delete

 

Coaching Salespeople into Champions

 

First 90 Days

 

Your Brain at Work

 

 

 

If you now report to a Post Turtle Sales Manager you can moan, complain and participate in all those non value adding negative conversations with your peers,…or be a part of the solution. Offer to help your sales manager learn how to become successful and who knows you may find they are the perfect boss…and become a lifelong friend as well.

 

Have you worked for a post turtle sales manager?

 

What Advice would you give to others?

Sales Tool Helps Buyer Parrots Lay Golden Purchase Orders in Your Hands

golden egg hand

 

In a recent post about are your salespeople calling on power or parrots I shared how your sales success or failure may be in the hands of the parrot buyer’s ability to present and sell your solution to decision makers and influencers within their organization. Time and time again a salesperson reports back after “good meeting’s” that they will win the purchase order. Weeks turn to months and the buyer has gone dark. What is happening with the order we expected? What can we do to shorten this sales cycle? What can we do to insure we win the order? In this post I will share one technique to help you, help parrot buyers lay golden PO’s in your hands.

 

Buyers today are doing a tremendous amount or research on the internet. It is estimated that as much as 60%-80% of the sales process is over before the buyer contacts your salesperson. Now more than ever we must find ways to help our buyers buy. Often buyers are actually trained buyer parrots that accumulate and repeat information they have heard to key decision makers and influencers in their organizations who have the power to buy. Here’s the problem; do you want your sales results, your team’s ability to achieve your sales growth targets, your income at the fate of a buyer’s ability to present and sell your product and or service? Ya…I didn’t think so.

 

How can we equip and empower buyers to effectively present and sell our products and services to decision makers who have the ability and power to approve purchase orders?

 

One technique I have used in a number of industries is to provide the buyer a presentation slide deck that speaks to the specific buyer persona’s of those who do have the power to approve the purchase. So what is a buyer persona? Per one of the leading thought leaders in buyer persona’s Adel Revella;

 

“Buyer personas are examples of the real buyers who influence or make decisions about the products, services or solutions you market. They are a tool that builds confidence in  strategies to persuade buyers to choose you rather than a competitor or the status quo… insightful buyer personas readily inform strategies for persuasive messaging, content marketing, product or solution launches, campaigns and sales alignment.”

 

If you want to learn more about buyer personas I recommend you download and read; The Buyer Persona Manifesto.

 

In one company we found we were presenting buyers and those buyers had to gain the approval of the; CFO, CEO, COO, and Engineering. We spent some time interviewing these key decision makers and identified what was important to each, the criteria they used to make decisions, and what they needed from us to make those decisions. For example;

 

CFO– they made decisions based on number, return on investment, mitigating risk for the least cost, insuring the investment supports the strategic vision of the organization. They hope and plan to be CEO one day. They want to make smart business decisions that demonstrate their ability to move into this job when the time is right. They want to avoid decisions that jeopardize or could limit their plan.

 

CEO– frequently from an accounting and finance background with strong understanding of operations. Sets the vision and is constantly looking for anything that could be a roadblock in achieving that vision. Responsible to shareholders, often the owner, they are about growing the company profitably and investing in equipment and services that support that growth.

 

COO – operations focused, key words; efficiency, production, productivity. Often grew up through the manufacturing ranks as plant manager, may have had some purchasing and quality control experience. Focus is on meeting the needs sales has sold as effectively and efficiently as possible. In this example we kept hearing the desire to reduce manufacturing variance.

 

Engineering– They have a laser like focus, all data no emotion to solving the problem to be solved with this purchase. Needs to make sure you clearly understand the problem they are solving. They not only need to see and hear your solution but also see the information and decision process you used to make this recommendation. They want information and ideally open communication with your engineers to have the ability to speak with someone highly educated like themselves and not someone trying to sell them.

 

 

Based on the above we created a slide deck of 10-12 slides. The first two slides were basically a requirements summary sharing our understanding of the problem to be solved. The rest of the slides provided what each key decision maker with power needed to commit to purchase. In addition to the slides we provided an appendix that included product data sheets, engineering drawings, key content web links, engineer contact information within our team, and a deep dive in data should an engineer wish this information. For example, we provided a ROI on the product and shared expected returns. We provided testimonials from other well known companies in the same industry. We established a cost on doing nothing and a weekly cost of not purchasing. The last slides clearly mapped out the steps and expectations of how to commit, what they should expect when. Ideally we always asked to present these slides in person, via web conference, but worst case we have now equipped the buyer with a sales tool to gain funding to support the purchase.

 

What will surprise you most is we did not talk a great deal about us, if all as much as the problems we solve, who we have solved them for and provided what we have learned others have needed to make informed buying decisions.

 

How about your company….

 

Do you provide tools to help buyers sell your solution internally? Or do you count on your brochures to do that?

Do you understand who the power decision makers are in the buying journey your customers go through? If so who are they in your industry?

 

What tool(s) have you created to help educate and inform key influencers in the buying decision?

 

While the statistics show buyers and influencers feel 97% of their interactions with possible vendors are not worthwhile, isn’t it time your company becomes one of the rare 3% who proactively provides useful, relevant , insightful information in a way and language your influencers need to lay golden purchase orders in your hands?

Want to Improve your Sales and Profits? “Reboot Your Business”… (and yourself)

crtl book

 

If you have been in business for a while like I have one thing we can always count on is “change”. Markets change, the way buyers buy changes, and how customers find you have drastically changed over the past 10 years. Like it or not, there has been a huge shift in power from the company and salesperson to the buyer who can now find more information about your company and products (and you) with a few simple mouse clicks. Has your business been agile and identified these changes and adapted? Or are you waiting for business to get back to normal as I hear so many say? Well, I hate to be the one to tell you, this is the new normal! If you are one of those business leaders that recognize changes have occurred but are having a hard time getting your head around what to do about it, there is a brilliant book by thought leader Mitch Joel titled; Ctrl Alt Delete, Reboot your business. Reboot your life. Your future depends on it.

 

 

My wife and I had a plan over the July 4th holiday. We invited all my wife’s relatives and my daughter’s college friends over for an old fashioned July 4th cookout. We planned a simple menu per my daughters request with hamburgers and hot dogs, baked beans, my wife’s aunt Shannon’s famous potato salad and my daughter planned to make another one of her creative desserts. I bought charcoal and decided to grill old school instead of over gas. We bought the supplies, invited everyone, and planned an afternoon out side that included some bocce ball, Frisbee, and watching the fireworks from the deck. We had a plan.

 

Ohio weather decided to change our plans with rain on and off all day. I hoped it would stop long enough to grill the food but around 4:00 pm I needed a plan B. So I moved the grill under the shelter of the front porch and although “no one grills on their front porch” we adapted, the food was great and everyone had a great time together.

 

porch gill

 

This experience reminded me of the book I just finished this week; Ctrl Alt Delete. It reminded me of how environments and business landscapes change and will be changing again and we must and need to adapt or we risk going hungry. I wonder why it is so easy, second nature for us to adapt in our everyday lives but in business we struggle to change, we fight the tendency to be nimble and agile. Why? Is it hubris, laziness, and or even fear? Or is it something deeper, something that was blended into my generation’s’ DNA? I was born in the early 1960’s and my father started out his career as a meter reader with the local natural gas company. His company sent him to college at night and after 25 years of moving up the corporate ladder  held a senior level financial position when he retired. This is the way we were taught how it works, how it was supposed to be… right?

 

So imagine how I feel, and how my dad must scratch his head with the crazy life I have led. I have served many companies over the past 30 years as you can see from my Linked In profile. My titles have included Account Rep to VP of Sales and Marketing, from COO for one assignment to Managing Director for another company. I have been a sales coach, entrepreneur,  marketing strategy consultant, author, and public speaker. I led a few start ups and turnarounds as President and CEO. However admittedly if I am being totally transparent with you (and myself) a part of me has felt there is something wrong with me. Why have not I not been able to do what my dad did and work for one company for 30 + years retire with a pension, benefits and winter in Florida like everyone else from Ohio? In the second part of Mitch Joel’s book he discusses how we as individuals must also adapt and change. He calls it embracing the squiggle. The squiggle is what I have done….a number of different roles based on the problems to be solved, many different industries and if you were to graphically plot it it would not look like my fathers straight line career trajectory, but would be a squiggly line with little if any ability to plot or predict the next data point.

 

Another area where I feel I do not fit in and quietly has made me feel anxious and sometimes guilty is… I like to work. I enjoy bumping into problems to be solved. I have developed over the years the ability to see around corners as I share with my children. I use this gift of pattern recognition and shape strategies that work. What I do for companies does not feel like “work” but more like my sport, play, my art. In the early 2000’s I even branded it “the art of thoughts” trying to explain the service I provided but quickly stopped using that description as my customers and market were not quite ready for it yet. This book shares how today and the future will challenge all those leave it to beaver work  life models we have had woven into our DNA and how there now is a blend of work and non work life. Technology enables us, affords and empowers us the ability to work anywhere, anytime, and because of this make more time for our families if we use it correctly. The future strategies that will drive explosive sales growth will not be developed in boardrooms but in coffee shops deep in the markets you serve.

 

Not since David Meerman Scott’s book: The New Rules of Marketing and PR has a book grabbed me like Ctrl Alt Delete and I wanted to share it with you. I highly recommend if you have been waiting for your  business to get back to normal, searching for a crystal ball that will give you some hint of what the future has in store you, or like me have seen and felt a blending of your work and non work life, …you  buy and study this book.

 

How about you…Have you too seen and experienced major changes in your business?

 

Have you adapted and embraced social marketing?…or do you still think it’s a fad?

 

Has your business raised the surrender flag and admitted you no longer have the power, or have you dug in like Colonel Custer who also had a plan?

 

 

The reality of today is buyers can now find more information about your company, product, salesperson, and the leaders of your organization with a few simple mouse clicks. How buyers buy, how consumers shop, and how employers search for and hire new team members has forever changed and will continue to evolve and change. Will you adapt and survive or dig your heals and do it the way we have always done it around here? ( and how’s that working for you?)  It truly is your choice; I hope and pray you chose wisely.

 

 

 

What are the top 12 ways to keep and attract top sales super stars?

 

By Mark Allen Roberts

super man

 

I believe there is a problem festering deep within a number of companies that may, if left untreated be the single biggest threat to your team achieving sales, profits and your bottom line objectives. A study not long ago said 60% of your employees plan to leave when the economy improves. Well the economy has and is improving? Is your organization at risk? Most companies think they clearly understand salespeople, what motivates them and how to motivate them to achieve super human sales results…and most are wrong. In this post I will share what sales super stars need, why sales stars will leave, and how to keep and attract top sales performers.

 

Like all my posts this post has been swirling around inside my mind for weeks. This one however has bounced around much longer. I have my opinions based on leading sales and marketing teams for over 30 years…do I share them? what if the experts have different opinions? My desire when I write it to share what I have found to work to help you make strategic corrections , adjustments before you find your business in a crisis of chaos. So how do I best serve you? The more I thought about it the more I delayed following up my last post; Why Do Star Salespeople Leave? (it is not what you think)… I decided to share what I have experienced and provide thought leadership from others in hopes of helping better serve you and your organization.

When I am asked to help a company turnaround their sales, increase sales, I always use the same process and it starts by identifying current market truths. I bring them into the light as the Bible guides us to do for once in the light we can clearly see them and address them before they become terminal. Then I seek internal truths about your companies’ true strengths, weaknesses and ideally clearly define your distinctive competence in the perception of your market. Once we have this information we can shape and design a go-to-market strategy that drives explosive results. So I want to use this same process to identify what I am referring to a “Sales Force Sink Hole” that could result in one….two…or even three of your top sales producers leaving your team and crippling your results. I hear that voice of clients past saying; let them leave I will just hire more… Before you quickly jump to being defensive you need to ask yourself some practical questions;

 

How long does it take for a new salesperson to gain traction and start truly adding value to your bottom line?

 

What is the cost of lost revenue when a Sales Super Star “just leaves”?

 

If you are truly honest, it takes much longer than it should for a new salesperson to gain traction and losing a top producing salesperson (or two or three) is estimated to cost you up to 10 X their annual compensation package. Note; When I keep saying one-two- or three it is because when your top salesperson leaves, studies show there is a high probability your other top performers will leave as well.  So why not intentionally create a culture that keeps and attracts sales super stars? Why not understand what truly makes sales stars tick and meet those needs?

 

What are the top 12 ways to keep and attract top sales super stars?

 

Trust

Be a company that has a history of doing what it promises, doing what it says it will do for internal and external customers

 

Communication

Take the time to clearly articulate expectations, objectives and why those objectives must be met, and quickly follow up on questions and concerns

 

Competitive

 

Top sales people are competitive, they need it, and they thrive on it so intentionally build it into your culture

 

Be a winning team

 

Top salespeople win, its what they do. They win new business, more orders from current customers and they desire to be on teams of other winners. Do you have a team of winners or do you need to fix areas of your company that are underperforming and have been for some time?

 

Driven

 

Most executives that do not have a sales background assume its all about “money”, but in reality top salespeople thrive in organizations that are driven to be the best just like your top salespeople.

 

Leaders have High Emotional Intelligence

 

Teams that are open and transparent, that welcome new solutions attract and retain top salespeople, they have the courage to say “I don’t have all the answers today but I know a process to find them, and I will”

 

Strong Values and Integrity

 

Do not ask your salespeople to compromise what is best long term for the market and its customers to hit short term financial objectives

 

Strategic Compensation Plan

 

A results driven plan that is easy to understand, reinforces desired objectives of your strategic plan, and has no cap, no claw backs

 

Listen

Organizations that learn to actively listen to identify and bust through common roadblocks in the sales process, listen and sense their market, that are agile and adapt quickly to strategic shifts in how buyers buy and the criteria they are now using to make buying decisions

 

Sharpen the Saw

 

An almost paranoid drive to constantly improve your people and processes with training and new technology

 

Passion

 

Make what you do about more than you, your numbers, make it a quest , top sales performer embrace objectives much bigger than themselves

 

Lead and Coach, do not Manage

 

We lead and coach people, we manage processes, don’t confuse the two

 

 

If you are committed to focusing on this area and intentionally creating a culture that keeps and attracts top sales performers then I recommend you also visit the below links to content to serve you and your team.

 

Clayton Christensen’s “How Will You Measure Your Life?”

http://hbswk.hbs.edu/item/7007.html

 

Micromanagers: 6 Reasons your Employees Don’t Like You

http://www.recruiter.com/i/micromanagers-6-reasons-your-employees-dont-like-you/

 

War underway for top sales talent http://blog.sellingpower.com/gg/2013/06/3-reasons-to-apply-for-our-50-best-companies-to-sell-for-list.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+typepad%2Fgerhard+%28SellingPower%29

 

10 laws of successful sales management http://www.thepeasegroup.com/_blog/Articles/post/The_Ten_Laws_of_Sales_Management/?goback=%2Egde_2392593_member_246416948

 

Communicate clear expectations http://www.cbsnews.com/8301-505125_162-57586930/great-leaders-manage-expectations/

 

How to hire, find a sales star http://www.salesforcesearch.com/download/eBook-How-to-Find-Assess-and-Hire-a-Sales-Star.pdf

 

 

Hire recruiter if you can http://web2.salesforcesearch.com/bid/148121/How-Can-Sales-Recruiters-Benefit-Your-Business?goback=%2Egde_71410_member_246012667

 

10 tips to motivate people http://humanresources.about.com/od/motivationrewardretention/a/motivating_employees.htm

 

How people are motivated to work http://humanresources.about.com/od/rewardrecognition/a/needs_work.htm

 

How to motivate sales people http://sales.about.com/od/trainingasalesstaff/a/Motivating-A-Sales-Team.htm

 

Want to Jump Start Sales and Morale? Write a “Passion Statement” For Your Business…. https://www.nosmokeandmirrors.com/2010/05/24/want-to-jump-start-sales-and-morale-write-a-%E2%80%9Cpassion-statement%E2%80%9D-for-your-business%E2%80%A6/

 

Does my business need a “passion statement”? Take a short quiz…  https://www.nosmokeandmirrors.com/2010/05/26/do-i-need-a-passion-statement-for-my-business-take-the-short-quiz%E2%80%A6/

 

I hope you found the above useful and you agree keeping sales happy and productive is about much more than just “money”.

 

      “Sales Super Stars leave when their intrinsic needs are not met and they validate this decision with extrinsic conditions”

–          Mark Allen Roberts

 

What have you found to keep and attract your top sales performers?

 

Do you agree with the above 12 ways to keep and attract top sales super stars?

 

Which of the above do you believe is most important? Why?

 

 

 

 

Why Do Star Salespeople Leave? (it is not what you think)…

 

 jump ship

I received a call from a past client a month or so ago, the CEO of a manufacturing company, and I could tell he was very upset. Being the typical busy business owner he jumped right into the reason for the call; “why do star salespeople just leave, no warning, …poof …they are gone , jumped ship, and now what am I going to do?” I asked a few more questions and Tom who had been his top salesperson for years just resigned and announced he will be working for another manufacturer in their industry that has some products that compete with my past client’s company. As we talked, it was clear this was first a big surprise, and CEO’s hate surprises that could interrupt their plan. Second, this experience has caused major unrest throughout the sales and senior management team. Third, he was concerned because Tom had most of their large key customers …What would they think? What has Tom said to them? …Is there a risk in losing their business?  Last the CEO had a hard time describing what he was personally feeling, but what heard was; betrayed, hurt, and concerned. “I just can’t believe it, after all Tom and I have been through he just leaves?”He was very concerned about how this exit would impact what should have been a high sales growth year. I agreed to connect with Tom and find out what made him jump ship so abruptly.

 

In any given year a business will have salespeople come and go. It is the nature of the sales beast. We created a high performance driven culture with a high degree of accountability in the work we did years earlier so it was not unusual to cull the sales herd and this typically resulted in under performing salespeople leaving of their own accord. However, when a sales star, a sales super star, A player  in this case, leaves it can be devastating.

Why do sales super stars leave?

I have seen this situation happen at a number of companies so I decided to spend some time in this blog discussing why sales super stars really leave.In my last blog post I shared the results of a survey I did in my various Linked In sales groups and networking with sales stars I have worked with over the years. I reviewed the most common reasons that sales mangers and business owners believe as to why sales leaders leave organizations; money, promotion, boss is a jerk…. I also asked sales super stars why they left past teams or why they would leave their current team.

What company leaders must realize is the reason most sales super stars leave is not “money”, money is  one  extrinsic measuring stick they use to measure how much your A player intrinsically feels  you value their contribution.

Intrinsic needs include feeling valued , trusting those they serve, and appreciated. They also include feeling challenged and learning new things as well as being proud of the work they do and the contribution they are making.

Extrinsic needs are things like base pay, commission, benefits, vacation time, bonuses, expense reimbursement , company car, vacation time policies and so on.

Sales super stars leave when their intrinsic needs are not being met and this is  validated by extrinsic conditions.

Keep in mind we are discussing” sales super stars”…these guys and gals who charge into a new market and open new business….they “just make it happen“…when a new product is launched they crush their numbers…your customer satisfaction surveys for them all come back A+….they consistently exceed sales quota…..their profit per sale is higher than the team average….their close rate is 20% greater …..and their cost per sale is the lowest. If you have a hard time determining who your star / A players are, you can find a great tool to do so here. These are the people you dream about finding, hiring and keeping so it should be no surprise when they leave it is often a shock. Sales super stars know how to drive results. In this post I plan to share the real reasons why they leave, actions you or members of your team have done ( or not done)  that have asked a sales super star to leave. What I am not discussing are personal life issues that cause a sales super star to leave like needing to care for their children or an elderly parent, or a health concern that makes them have to leave the job.

 

In Maslow’s hierarchy of needs work he shared the continuum of needs most people have.

Maslows-Hierarchy-of-Needs

 

The needs start with the basic Physiological needs for things like food, water and so on and graduate to self-actualization needs for things like creativity, spontaneity, and morality to name a few. The ERG theory followed with a simpler model (Existence, Relatedness and Growth).  This model is what market leading business owners intuitively think about as they develop their sales cultures and compensation programs. However the disconnect I argue occurs in sales super stars at non market leading companies because business owners think if they take care of basic extrinsic needs their sales stars will be happy. Sales super stars however know their value and are driven by something much deeper and pay is something they know they can earn and expect anywhere. To put it another way, they are good, they know they are good, and they are not worried about being unemployed for long should something occur in their current job that is unacceptable. The threat of a compensation decrease does not scare them into submission like it does average or below average salespeople who have nowhere else to go. Sales super stars  know how to help buyers buy and they know if not treated well where they are they can confidently and quickly find new employment to meet their basic needs for food, shelter and so on. These sales super stars have a much greater need to feel valued, trusted, and to trust those they serve with their skills. They also see themselves as winners and must feel they are on and supported by a winning team . To make their value even greater a recent article it shared how the gap between good and great sales people seems to be growing wider…and sales super stars know it.

 

A better model can be seen from the work of the famous book: The five dysfunctions of a team as shown below.

fivedysfunctions

 

 

 

The reason why this is much more relevant to sales super stars is it is built on a foundation of trust, an intrinsic need. This model was designed to be used with teams of people to create a strong foundation that ultimately leads to best in class performance. In this case I want you to consider the above in the context of a sales super star. Your sales super star is a star at what they do and will be your star as long as there is a foundation of trust. How much do they trust you? How much do they feel valued by and trusted by you? If there is a break in that foundation; intrinsic trust, they will seek extrinsic factors to validate their belief, and when they find them…poof…they just leave.

 

I hear some of you saying…enough of the Psycho mumbo jumbo…so let me share common scenarios that illustrate why sales super stars actually leave.( and it did not happen in just a “poof “instant)

 

 

Scenario One: they left for more money

What you heard was they left for more money…here’s what really happened.

A lack of trust occurrence– they sold something and it had huge quality issues, they are asked to sell a new product that is not ready to go to market yet, they are given an unrealistic goal since they seem to crush their goal every year anyway. They made a large sale and when they receive their paycheck they are informed the compensation plan changed. They made a large and profitable sale and no one said atta boy…

Feeling they are not appreciated – may have been called out in a meeting in front of peers over something that was not their fault, criticized for misspelled words in their monthly report that highlights once again they blew past their sales goals or some other minor issue while they continue to crush their key sales performance indicators.

Validation of feelings of being unappreciated–  a change in pay, maybe a change in benefits, a new compensation model, a new expense limit program, take away company credit card asked to use personal credit card and expense reimbursement is very slow, change of sales territory, and a new targeted income model with a capped pay plan (nothing demotivates a sales super star like a cap on compensation).

Put out some feelers about job opportunities

Poof they just leave…

 

 

 

 

 

 Scenario two; Left because boss was” a jerk”

What you hear is they left because they thought their boss was “a jerk” a real “ass-kicker”.

 Not trusting new boss/ boss kicks ass and provides no help or assistance to help him hit quota- boss lacks product, market and management training,  in a recent survey of sales people only 34% of salespeople believed their manager and leaders knew what they were doing, boss believes the beatings will continue until the performance improves.  New boss implements micro management tactics and challenges how the sales super star spends their time and who they meet with although they continue to exceed sales performance indicators. Sales star feels he is not trusted, does not trust boss, does not trust where the company seems to be going.

 Concerned about the direction of company if they would hire someone like this – they feel a cultural shift, often not an intentional strategic shift. They refuse to be on a team managed by someone who adds no value to growing sales. “Help me hit my numbers or get out of my way.

 No longer trusting ownership and senior leadership- they have to know this is happening right?

 Feeling new boss does not appreciate nor value their contribution to the team’s overall sales performance, access to upper management cut off my new boss

 Possibly has a run in with boss privately or publicly-  new sales managers with low emotional quotients are often intimidated by sales super stars

 New boss does not back sales super star with customers or upper management when conflict occurs- new sales manager has strong political experience and plays it safe and fails to address real issues

 Sales star loses relationship with owners who in the past have shared how much they valued his contribution – you always had an open door to your team, particularly when you were much smaller , but you have grown and hired people to manage the front line so you can run the business.

 Puts out a few feelers

 Poof …Leaves team

 

 

 

 

 Scenario three: They left for a “better opportunity”

What you heard was they left for a “better opportunity”.

Quality changes for the worse, product, service, communication, lack of new innovative products, no new sales tools, poor marketing, no leads

 Feeling of being disconnected, alone in the market and unable to share all the quality issues that are hurting the achievement of sales results because it is not “politically safe” and they are accused of “just making excuses”

 Not trusting the company, what it says, or the products you are selling will do what they are promised to do in your literature

 Concerned about personal reputation in market

Missed a sales quota and gets less commission or no commission

 Lost a key account to a competitor with new innovative solutions that do not have quality issues

 Unresolved product quality issues from past sales sucking them into conflicts when they should be selling new opportunities 

Relationship with long term key account strained

 Less commission again, had to explain why to their spouse

 Put out feelers

 Poof…Leaves team

 

 

 Scenario four; Sales super star got a great offer they could not refuse

What you heard was the competitor made them an amazing compensation offer.

 Sales star sees favoritism to under performing sales associate(s) – basically poor results are not addressed and under performance is ignored and politically correctness is rewarded.

Sales Star is financially impacted by poor performance of under performing team member – the group’s sales number are down so everyone suffers, maybe the under performing team member is in product development and they keep throwing products over the wall the market does not want…need… or are not finished, or marketing failing to produce qualified leads, or manufacturing.

Sales star disciplined for results out of  their control – your comp plan is weighted to drive new product sales and the new product you launched is poorly designed, late, and has numerous quality issues so the sales star fails to hit compensation levels. The launch is late but the sales goal by month stays the same. Marketing does a “soft launch” and there are no or very little qualified leads and or support.

Under performing team members allowed to go on unchecked- poor performance issues not addressed, situations do not change, but sales star told ; “ you are not paid to tell me why you can’t sell, you are paid to hit your numbers, just make it happen”

Sales star wants to be working with other winners not B and C players- super stars want and need to be on teams of other super stars. They lack an understanding or the patience to accept team members who are not accountable

Put out feelers…

 Poof…they leave

 

Scenario five; offered a much higher position with more responsibility

What you heard was he or she was offered a much bigger job, role , with a competing firm.

No new products for 18-24 months – sales person sees competition launching new products, new marketing support tools and your team has not launched anything new.

Focus on making more profit from current customers and not growing market- the mood, strategy seems to have shifted and salesperson is hitting their numbers but can achieve those results with three-four hours of work per day.

They become bored- they are not having their intrinsic need to feel challenged, learn new things , “take new hills“, met

No Longer proud of what they do

Put out a few feelers…

Poof…they just leave

 

As you can see a sales super star does not just wake up one day and decide to leave. As a matter of fact sales super stars are actively recruited on a frequent basis because they are so good. They stay when they trust you, your company and feel their extra effort is appreciated. They listen to new job inquires when their trust is broken, they feel they are not supported, not valued, asked to sell something of poor quality and or find themselves on teams that lack a commitment and accountability to the goals of the organization.

What my past client was feeling was a lack of loyalty after all these years, and the sales star selfishly chasing bigger bucks for the short term. When I called Tom what I found was the reason he left was rooted in a thought that became a belief many months earlier and only validated by some external, extrinsic needs changed. As the CEO’s business grew he hired a number of new people; CFO, COO, VP of Sales and Marketing. Tom felt distanced from the CEO and his efforts to reconnect were seen as “not following the chain of command” and he was reprimanded by the new VP of Sales and Marketing.  Tom was hitting his numbers out of the park, but now the new team members were changing the compensation program, implementing a number of new rules regarding expenses and limiting what Tom can do out in the market without their approval. Tom felt unappreciated  he lacked faith and trust in the new management team, and felt he would be valued more somewhere else. The competitor has been after him for years and as Tom shared and it took one meeting over coffee to receive an offer. The offer was a little more money upfront, but he would once again be reporting to the CEO, and they had a number of new and exciting products to launch into current and new markets. The variable portion of his compensation was uncapped once again and he saw a huge opportunity and challenge.

The intrinsic fuse was lit when they stopped trusting you….and Poof they are gone when that fuse meets some external validation.

 

Have you lost a sales super star on your team in the last 12 months? Why?

 

What is the value of a sales super star compared to an average sales person in your organization?

 

Do your sales super stars feel appreciated and valued? How do you show them?

 

Or are your sales people treated like sales mercenaries and told to “just make it happen or I will find someone else who can” ( if so I promise they are already looking for new teams to serve)

 

As a leader/owner of your organization do you know how your salespeople are being treated? If so how, what have you put in place to prevent an “ass kicker” from chasing away your best people?

 

The economy is rebounding and our customers and potential customers have cash reserves they want to spend to solve problems they have needed to solve for years. It is the perfect condition for sales super stars to create sales velocity for your team and add real dollars to your bottom line. Will your huge growth year be sucked into a sales force sink hole when one, two or even three of your top salespeople leave? How can you be sure your year is built on a strong foundation for sales growth? In a recent survey 60% of employees said they will change jobs when the economy improves . What would happen in your company if the 60% who leave are all your A players ( and may become competitors)? In my next post I will discuss how to keep sales super stars on your team and how to attract other market leading sales super stars to want to join your team.


As the owner and or leader of your business I can hear some of you saying; “Mark, the above examples are obvious reasons why anyone would leave including a sales super star. However in my company this would never happen.

Are you sure? I have seen each  of the above, and many more occur in companies just like yours.

 

 

 

 

Dispel 5 Myths about Fixing Sales Today and Insure Strong Future Sales

0002-growth-graph

 

Over the last few weeks I have been discussing common myths business owners and leaders believe to be true about the fixing sales problems and how to immunize future sales performance. I recently went for my annual flu shot and the myths people in line were discussing as truths reminded me of the five main myths sales leaders need to lose to fix poor sales performance and how we can immunize future sales results. Before I can help you fix your sales problems we need to dispel the 5 myths that you may be carrying as market truths;

 

You cannot Train your way out of a sales problems alone.

 

You cannot Manage your way to improved sales alone.

 

The Economy is not the only reason for your poor sales performance alone.

 

Hiring outside help to work on your Sales Process will not hurt your current sales.

 

Just because you have Good Sales Now does not immunize you from future poor sales results.

 

What is the best way to immunize your sales performance from poor results?

 

Clean Sales Management

 

Clean Sales Management as I shared in a previous post entails being in your market on four legged sales calls with your sales team. As a reminder, you are not there to close sales but to observe buyers.

 

You need to answer;

 

Why do buyers buy from you and why don’t they?

 

What is their buyer journey today?

 

What sales process is your team using? (… if any)

 

What are common buyer personas your team is presenting?

 

What criteria are important to your buyers today?

 

When your buyers shop for a solution, where do they go, what process do they use?

 

Are there any “Spin Cycles” in your current sales process that no longer mirror how your buyers are buying today? (Spin cycle- those places in the sales process where the sale stalls, spins, or even goes dark)

 

What tools could your salespeople use to overcome or eliminate buyer Spin Cycles?

 

As a sales manager, and more so if you are the VP of Sales you have a number of activities all vying for your time and attention. Having been a VP of Sales and Marketing myself I experienced the following all pulling me like they had a gravitational power of their own;

 

Your CEO and President want answers to specific questions

 

Hitting your new sales goals

 

Hitting your profit objectives

 

Controlling expenses

 

IT wants to book SAP training and your opinion on what a CRM should do

 

A/R wants help collecting from difficult customers

 

Marketing wants your sales guys to ask their buyers …. (you fill in the blanks)

 

Forecasting

 

Cost of Quality meetings

 

Meeting with the CFO forecasting ROI and sales forecast for new products

 

HR wanting to have succession plans in place, quarterly performance reviews, performance improvement plans, and on-boarding discussions

 

Product Development wanting to know why we are not hitting new product sales

 

Meetings with Product Engineering discussing problems with their last new design

 

Product Marketing wanting to meet about why sales is not closing a higher % of leads

 

Social Media group wanting stories from the field

 

More meetings you did not even know were on the list

 

…do I need to keep typing or do you agree I have lived this?

 

If you try to do all of the above you can quickly become an “an office bound VP of sales” and this is the beginning of the death of a sales VP. The reality is you (we) need to do all of the above and more. However what keeps us employed, hitting our bonus objectives and answering the top four activities above; answering President and CEO questions strategically and timely, hitting sales goals, achieving profit objectives and controlling expenses…you need to be in the market practicing clean sales management. In your market you become aware of market changes, viruses, which can infect your sales results early and keep your team’s sales performance on plan.

Good Sales Results Today Does Not Immunize Your Sales Team From Poor Sales Performance in the Future

By Mark Allen Roberts

Assuming since you have never experienced poor sales results you never will is like assuming since you have never caught the flu you will never get sick. I hear it all the time; “Mark your content about staying close to how and why your buyers are buying is interesting but we don’t have a Sales Problem to fix”. Congratulations, and I hope it stays that way. My personal experience for over 30 years now has seen however businesses operate in cycles. One predictable cycle you want to avoid is when the phone “just stops ringing” and you don’t know why.

The leading cause of why businesses experience poor sales performance is losing touch with their market, their buyers, and specifically how they buyers buy and the criteria they are using today.

I returned home from Walgreens after getting my annual flu shot and my mind was racing with all the misperceptions the others in line were sharing about the flu, how you get it, how to cure it and so on. Imagine my surprise when my own wife said “why do you get a flu shot every year?….I have never had a flu shot and I have never had the flu” I went on to share with her that I am happy she has never been sick with the flu, and that just because she has never had the flu it does not mean she never will. The flu changes, evolves and new strains are born everyday and she may have been immune to the past strains but that is no assurance she is immune to current or future viruses.

I will close out this train of posts on how just as there are myths about the flu we also find myths about sales, sales performance and how to prevent poor sales performance. Myths that become beliefs over time are dangerous as they often impede and impair the preventative measures that could have kept your business healthy. Businesses you do not stay close to their markets and their buyers run the risk of poor sales. If your business is in the practice of telling your market as apposed to serving your market are already infected and will experience a poor sales performance outbreak often at the least convenient time. As someone who helps businesses get back on track and build sales velocity, I listen for common statements that indicate a virus is present in the core of their sales team. I listen for comments like;

Our buyers don’t need that…

Our buyers do not value …..

No one in our industry does…so why should we?

Our customers are not smart enough to understand…

Everyone in our industry has this policy …

We have been in business for 50 years we know what our buyers need…

We can not afford to ….

And my recent personal favorite: No buyers in our industry use the internet or social media in making buying decisions.

As I have said before, (and will probably say again soon) you could say that…but you would be wrong!

As someone who spends time in markets, a variety of markets, meeting with buyers on a regular basis one common trait they all have is buyers use the internet to educate themselves. The role sales once played as keepers of the product features and benefits information keys is over. Industry statistics show  70%-80% of the sales process is over before the buyer calls you today. Where are they gathering information about products that can solve their immediate problems? We see they are using the internet, social networks, industry trade group forums, and utilizing technology to gain product referrals and recommendations.

Not sold yet? Don’t believe me? Ok….In a recent Forbes article the author shared 19 things successful people do using social media. The article shares how 69% of adults admit to using social media. Ah ..I hear those voices again …”Not in OUR industry Mark”…Really?

Lets take a look at a recent white paper by HIS Global Spec titled; Social media use in the Industrial Sector. I really want everyone to download and read this report’s content. Some of the findings included;

  • 81% follow business / groups within their industry
  • 26% reference or read work related content
  • 36% had a Google + account
  • 47% view you-tube for work related purposes
  • 85% viewed you-tube product demos
  • 80% viewed How to video on you-tube

Why? Why and how are people even in the industrial B2B sector using Social media?

  • 52% keep up with the latest industry news and technology
  • 48% reach additional contacts and network
  • 37% find peer reviews and recommendations

If your business does not believe that up to 80% of your buyers are doing their homework on the web prior to calling your salesperson, or that your buyers are not using social media I can only guarantee you one thing; your company is invisible to a large number of buyers who are actively searching to solve problems your company can solve for them. Web sites that are basically virtual brochures that take up cyber space because we are supposed to have one because everyone else does do not help sales teams achieve sales goals or create a 21st Century Sales Pipeline.

Market leaders understand how their buyers buy, where they shop and gather information and leverage technology to insure their product or service solution is found.

Has anyone on your team said: “our buyers do not use the internet”?

Have you been in a meeting where a senior leader said we do not need to invest in that social media mumbo jumbo…?

How were your sales results from your last new product launch?

Are your salespeople asking for more or less qualified leads to meet with?

Some business leaders believe because they have never had sales problems in the past they never will and this is like believing if you have never had the flu you never will. The reality is just as flu viruses change over time so too will your buyers, their buyer journey and buying criteria. One change we all must face is buyers today are using the internet more than ever before and they are leveraging social media. To immunize your sales from future sales problems you must embrace the process of understanding how your buyers buy and strategically embrace new technologies the buyers are using today.

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