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Increase Sales/Fix Sales Problems: Do a Midyear Sales Gut Check

Last year approximately 70% of sales managers achieved their sales goals and of that approximately 10% surpassed their goals. So that leaves 30% of the sales manager’s not hitting plan in 2013 and in 2014 their sales regions received another increase.

What can those at plan do midyear to insure they close the year at plan?

What can those not at plan through the end of June do to insure they hit plan year end?

Quick question: How are your sales performing to goal? If you are like most companies this year’s goal was difficult as we scratch and claw our way out of the recession and you just might hit plan. How can you be sure you not only hit your sales plan but exceed it? You need to perform a midyear sales gut check.

I have been leading sales and marketing teams for more years than I like to admit. (over 30 years… but who is counting) I have used a simple process that has often resulted in a dramatic increase in underperforming sales regions as well as keep the momentum building in regions at or above plan: a midyear sales gut check. What we do is basically review each sales region’s performance to the sales playbook you prepared when the year began. Now that half the year has passed we need to review how the region performed to the sales plan we developed to hit sales objectives. Change and the rate of change is constant in our dynamic markets and as Sales Benchmark Index shared in a  recent review on Jill Konrath’s new book Agile Sales discusses:

“Fighting these changes, or denying they exist, is pointless.  You need a new skill to cope with being an overwhelmed worker. The skill needed to exceed in this environment is agility.”

If you have never done this process I want to share how I have done it in hopes it adds value to you and your salespeople. I also highly recommend you buy Agile Sales. As David Meerman Scot shared in his recent post; Agile Sales Requires a Real Time Mind Set. Good sales leaders are always asking questions and practicing what I refer to as: Clean Sales Management. Your midyear sales gut check needs you to direct your questions internally as well as externally.

What did we set out to do this year? (restate goal(s) and how we agreed we would achieve them)

What are our goals in dollars and profit dollars contributed from sales?

Where did we expect them to come from?

How has this region performed through the end of June to the goals you established for the current sales year?

What is working? (and you need to do more)

What did you think would work, has not produced the desired sales impact and you need to stop doing?

What have we learned?

What are the results on key performance indicators that drive top line results? (discuss each)

Has the market experienced any strategic shifts that can be trigger points for new sales or challenges to existing sales?

Based on the data discussed what will be your three key focus areas for the rest of the year?

If you had to pick just one, with the intent that perfectly executing that one would make the other two obsolete…what would it be?

 

A midyear gut check is something I like to perform both for the businesses I am serving but also personally and I have added this process to every team I serve. If you have not tried this process I highly encourage you to do so.

Let me leave you with a few questions that may make you want to try this process…

How is your team performing to plan YTD?

What did you plan for this year and it worked?

What did you plan and it did not work?

Based on what you have learned what changes have you made to insure the sales plan is achieved year end?

( if I served on the board of your company this is one question I have asked that has left the best CEO’s pale and at a loss for words)

As the team who has been tasked many years with” just making it happen” we need to have the desire and process to gather current market data and agilely approach our markets to insure we achieve and surpass our sales objectives.

 

Does your team practice agile sales?

 

Improve Sales: Stop Creating “Snake Oil Salesmen”

 

making promises you can not deliver on
making promises you can not deliver on

 

 

The role of sales is a difficult one. You face more rejection than acceptance and have to break through the many roadblocks in connecting with potential customers you can solve problems for. We are paid to “make it happen” often in environments that are not conducive to sales growth both externally in our markets but also internally, in our own organizations. A common problem organizations face today is they are turning their sales consultants into “snake oil salesmen” because their operations is failing to do what they said they would do.

When you study why buyers buy as I have, you hear things like;

I buy from people, companies who take the time to understand my needs, the problems I am trying to solve, and who “do what they say they will do”.

… let’s boil this down a little more;

I buy from people who listen, hear, and I can trust.

We have seen many changes in our markets over the past 7-8 years in how buyers buy as I have discussed in past posts. The reality I hope everyone will agree with is that how buyers buy has changed. As I have shared ; If you have not changed your sales process in the last six months….it is broken and you are losing sales you should have won.

We have seen many changes within our organizations in the last 7-8 years;

Less People

Less budget

Less time to do our jobs

Less inventory of finished goods

Less product in work in process

Less inventory at our customers

Less time to deliver, just in time

…and more competition, often from competitors who are so aggressive it feels like they must not truly know their costs ( or they are that mush better than we are)

My challenge in this post is with all these changes do you really know , based on your capabilities and market realities of today, what your organization is able to do? able to execute regularly, consistently, predictably? If not your salespeople in the market working with you most valuable assets; customers and potential customers and making promises you can not deliver on. To put it another way;

When your company fails to do what it says it does and or will do, you turn your sales consultants into “snake oil salesmen” and it negatively impacts your trust factor.

Back in the days of the wild west there were traveling salesmen who would stop in a town and sell snake oil. When we Google the term “snake oil salesmen” we find;

” a snake oil salesman is someone who knowingly sells fraudulent goods or who is himself or herself a fraud, quack, charlatan, and the like.”

Snake oil’s origins are believed to come from an oil the Chinese laborers brought to America made from a Chinese water snake believed to cure joint pain.  However the snake oil salesmen of the wild west were known to plant people in the crowd who would lie and say how the oil cured their various ailments. Snake oil salesmen had a sales process of basically traveling town to town and never selling the same people twice because once you bought the snake oil and found it failed to do what you were promised, you did not trust that salesmen.

When your salespeople serve customers , win an order from buyers it is based on a foundation of trust. Buyers naturally , because they have been burned so many times over the years ( by other traveling snake oil salesmen) do not trust salespeople. So trust must be earned and the simplest way of earning trust is execution. ( doing what you say you will do in the small things and the big things, over and over again) When your operations team fails to execute what the sales people have been told to promise, it immediately breaks trust and creates brand damage.  This is particularly a urgent problem when you fail to deliver on promises to new customers as we only have one chance to have a “good first date”. ( first order experience)

The unfortunate reality in the world your salespeople live in day in and day out is their buyer’s perception is the reality they must deal with. The buyer rarely talks to your shipping department, plant operations group, your purchasing department, quality, and they are not aware of the internal challenges your team may be facing nor do they care. What they do care about is buying from companies who consistently do what they say they are going to do.

So let me ask you again;

Is your current operational performance turning your sales consultants into snake oil salesman in the eyes of your customers? 

Are your salespeople making promises based on a dated information set that was probably true five years ago but not true today?

Is your team aware of operational issue but treating them as politically incorrect secrets you hope your buyers and salespeople do not discover? 

Are the competencies you share in your brochures and web site still true today?

What expectations do your buyers have, and how is your team performing to those expectations? 

If your team is not focused on understanding what your buyers need, what your salespeople are promising, and what your organization is capable of executing today you need to be and you need to reboot your business.

In my next post I will share how to quickly access if buyers believe your salespeople are snake oil salesmen and how to quickly repair this perception.

 

 

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.

Professional Services Marketing; a Must Add to your Business Book Library

 

When I surveyed CEO’s years ago, I asked; what is it that worries you? A common answer was ; not knowing about something new that could help my business, help us grow quicker and more profitably. I have to admit that makes me anxious as well. What if what has my hair on fire today has already been solved by someone else (in my experience is always has) and I am suffering needlessly?Wasting time trying to solve a problem already solved?  I received a copy of of the book: Professional Services Marketing in the mail , second edition, and found it helps solve that common problem business leaders share as it relates to marketing.

 

 

I enjoy receiving new books, new thought leadership in the mail. I often have authors reach out asking me to read their book and talk about it in my network communities and in my blog. When the team from Hinge Marketing contacted me about their new book I could not wait to receive it as I follow their content on a regular basis and find it smart and easy to  apply. The good news when you love reading is that  you are always learning something new. I had a mentor at Frito Lay once say; remember Mark, Leaders are Readers, and that has stuck ever since.

 

 

A common problem in service businesses is marketing. I have served a number of service related businesses; marketing and advertising firms, a third party administration firm for retirement benefits, financial advisers, attorneys, the market leader in product management and marketing seminars for high tech companies, internet marketing and blog service providers, PR firms, a podiatrist, a chiropractor, a software company that helped doctor’s offices become paperless, and sat on church boards ( the ultimate service business if you ask me)…to name a few and marketing was always a struggle. The most ironic of those were the marketing and advertising firms as well as PR firms who sold marketing services and created strategies to help businesses grow for their livelihood, but they struggled to market themselves. This gives me pause ….why? and what can be done to solve this market problem?

 

You do not need to figure this one out on your own…

 

Read the book: Professional Services Marketing, How the best firms build premier brands, thriving lead generation engines and cultures of business development success.

 

The authors; Mike Schutz ( co-president of RAIN Group) , John Doer ( co-president of RAIN Group ) and Lee Frederikson ( Managing Partner at Hinge) are seasoned professionals who learned how to serve their clients in the trenches, out in the markets with the rest of us. They are not theoretical but practical in their approach and application of the principles they share in this book. Their content is research based and I have followed their thought leadership independently for some time.

 

I must say I was skeptical when the book arrived (sorry guys) as I am a huge fan of the first edition of this book and I wondered how they could make it any better. I still have my copy highlighted with notes to myself in the margins. I remember buying copies of it when it came out in 2009 and sending it to clients and would be clients who were are struggling with how to market their services. However what I found was this second edition was needed as the authors point out;

 

In the old days, professional service firms could survive without much marketing effort. Put together a team of good people, deliver strong services to clients, and you might get by just fine on repeat business and client referrals. ..today you also need smart, effective marketing and a culture of business development success to attract a steady stream of clients and grow your business in an increasingly competitive world.

 

The second edition continues their field tested , research based approach to providing advice you can apply but also adds content about social media marketing, the importance on line marketing plays and they share case studies by market leaders we all know and admire. In one chapter they discuss; The battle to attract and retain a quality workforce is a key success driver in many professional services firms. Having lived in this world, when the authors share their thoughts on topics like this it immediately makes them credible….they have walked in my shoes and their content resonates with me. In another chapter they share what I refer to as politically incorrect secrets of most service firms; they spend way too much time focused on their competitors and not enough time understanding their ideal client and their problems. Been there, done that, lived that, helped my clients through that.

 

After finishing the book I have only one criticism: what this book shares is not just true for “professional service firms” but all the companies I have served. Many industries face the same problems and all would value reading this book and applying its principles. I hear the authors saying; “what Mark did you miss the chapter on identifying and focusing on the best market?” No, I did not miss your point and I believe in what you are saying. However what I have found is businesses from large manufacturers of mechanical equipment in the B2B market to B2C consumer product companies would value the advice found in this book. The reality is none of us are in the widget making business, we are all serving our markets, solving their problems while identifying the new ones that arrive. The sooner businesses adapt to what I teach in my seminars; “serve don’t sell” the faster they will see rapid, profitable growth. I think every church pastor needs a copy of this book. You solve so many problems for people ….if they only knew….that’s a marketing problem that has already been solved in the wisdom in this book.

 

I highly recommend you add the second edition of Professional Services Marketing to your list of books within arms reach of your desk. You will find yourself reaching for it often for practical advice that works in the markets we serve today just like the book: Crtl Alt Delete that I shared a few weeks ago.

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?

Are “Politically Incorrect Market Secrets” (PIMS) Stalling Your Sales Growth? Six Quick Questions to Find Out….

 secret

We are at the half way point of your sales plan. How is your team doing to plan? I have heard statistics that state 70% of salespeople will miss their sales plans this year. Why? Can your team afford to let this happen?…I did not think so. In this post I am challenging you, right here in the privacy of your computer. If this post pertains to you and you are a driven, dominant type leader that is so focused on the vision you believe to be true, (that may have actually been true 10 years ago) this post is going to make you feel uncomfortable. If you are market leader it will reinforce the importance of why you must wake up each day humble seeking current market truth and create a culture where it’s safe to tell you what your asking the team to do or say  is nuts.

 

One of the reasons sales plans fail to create sales velocity is “Politically Incorrect Market Secrets” salespeople are afraid to share with you. Trust me, every business, (even yours) can do better. In the dynamic markets we serve today changes are occurring every day and sales teams that have a culture where it’s safe to share current truths, are agile, and they adapt and thrive. Sales teams with culture built in the shadow of a dominant leader(s) that lack the emotional intelligence to consider their vision may be wrong or dated fail. They fail because one of the key components of having an agile sales process is “stand up meetings”. The value of this process is shut down before it begins when your team is only sharing the politically correct answers and not what is really occurring. It’s that simple.

 

The role of sales is a tough job. Each day you will be rejected more than accepted and you need the internal strength to pick yourself up, dust yourself off and make another sales call. However when that fear of rejection is both external in the market and internal within your own team, sales people shut down. They stop looking, listening, sensing and communicating shifts in how their buyers are buying. They stop sharing customer complaints and problems and what they need to achieve their sales goals. When salespeople feel it is internally politically incorrect to share real current market secrets…you have already lost.

 

In a recent blog post that listed 10 reasons why great business plans fail to deliver the top reason was the plan itself was not a good plan. How can this be? You are smart enough…your did your three day get a way of strategic planning…you did not get to the position of senior management by creating plans that do not work. If your culture is one of Hippo’s (highest paid people in the room) leading by intimidation and making it very clear to you sales team what the “right” answers are before the questions are asked…you will fail to achieve your sales plan. As this post goes on to share; great plans count on a deep understanding of your customer’s needs and problems and not gut instinct and the tribal knowledge of your senior management team. I addressed this common problem in a blog post years ago titled; Attention leaders: Don’t look now but your lack of market knowledge is showing…

 

 

In another post in the Harvard Business Review discussing “40 ways to crash a new product launch” the number one reason why your new product launch will fail, and sales will miss the sales plan is; no market research was done. Why? I believe smart people make good decisions and can shape market leading strategies with current unfiltered market data. If your team does not feel it is safe to share current data, you have a big problem.

 

How can you quickly tell if your sales team has tuned out?

 

  1. Do your salespeople openly share shifts in how buyers are buying on a frequent basis?

 

  1. Do your salespeople share buying experience problems your customers are having?

 

  1. Is it “safe” in your organization to be a Heretic?

 

  1. Have you asked a question and the room full of typically vocal salespeople and everyone becomes silent?

 

  1. Do your salespeople communicate ways your buyers are asking for new and improved service?

 

  1. Are salespeople who share “politically incorrect market secrets” welcomed or chastised in your sales meetings?

 

If you can not say yes to the above five questions, I promise you a number of your salespeople are going through the motions. If you can not say yes to any of the above questions you have a BIG problem. If you honestly can not say yes to all of the above your salespeople  have already shut down and like a robots are showing up and throwing up in front of customers what they hear from you and not listening to your customers. They have lost all accountability for their sales goals because you have emotionally beaten it out of them. Mentally they are saying; “screw it, nobody wants to here the truth, if I share the truth I am criticized in front of my peers and may risk my job security so I will do it ____’s way, I might not hit my goal but at least I will have a job”…and you have lost them. Is that who you want?…salespeople going through the motions or do you want and need sales super stars?

 

Ya, that’s what I thought….

 

The good news is you can change and adjust. The reality is there was a time you were tuned in to your market, your buyers, how your buyers bought and the criteria they used to make buying decisions. You did not achieve a senior leadership position based on luck but on hard work and achieving results. Let’s rekindle that spark that propelled your career and let’s position you to lead your team and blow your sales goals out of the water. Are you in? If so the quickest two ways I have used to help senior leaders clearly understand the markets they serve is booking what I call four legged sales calls. On these calls, working in the field with your salespeople your main goal is to seek to understand. You are to be a sponge listening and asking open ended questions. The second is from this day forward creating a sales culture that keeps and attracts sales super stars.

 

Don’t ask, don’t tell sales leadership is not a proven method to achieve profitable sales growth.”

– Mark Allen Roberts

 

Are you a salesperson who feels it’s unsafe to share the truth? If so please comment…

 

Are you a leader who feels I am totally wrong and your team is to do what you tell them to do?…bring it, share your thoughts…

 

Do you have sales meetings where its very obvious politically incorrect market secrets are not safe to share?

 

Are you a sales performance consultant or a sales coach and you have seen this problem? Please share how you have helped the leader and team create a culture where it was safe to share market secrets.

As the leader what do you really want more? to win and achieve your objectives?…or have a team of robots scared to share market truths and fail? …

When I find myself personally struggling with this, I am reminded of Proverbs 16 and how we are instructed; Pride comes before destruction.

 

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?

 

 

 

 

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.

Improve Sales; Practice “Clean Sales Management”

 

By Mark Allen Roberts

Relying on old dated and often false market beliefs will result in sick sales performance. Growing your business profitably is not about continuing to consume the beliefs that got you here in hope they will help you to grow in the future. The only way sales leaders can ensure their sales teams do not experience poor sales performance is to practice “clean sales management” daily.

In my last post I shared how sick sales performance is much like catching the flu, and far too often sales leaders believe a number of myths about what caused the poor performance and how to cure sick sales. Another myth about how to improve sales is to do more of what you have always done. This like believing if you normally take a handful of vitamins each day, taking two will cure the flu… it’s simply not true. Some believe they just need to better manage (micro manage) their way to healthy sales and this is simply not true. The flu is something you catch by coming in contact with it. You touched a door knob, a car door, shook someone’s hand and you picked up the flu virus. At some point that virus then entered your system and you got sick. The best method of avoiding catching the flu is to wash your hands frequently and use hand sanitizer so the virus is killed before it enters your body.

Practicing clean sales management involves being in your market with your salespeople on four legged sales calls. You wash those old beliefs that may have got you to this point clean each day and humbly approaching your market and listening and observing  how buyers want to buy, the process they are using today, and the criteria that they require to purchase from you.

Understanding how your buyers are buying today and what their buyer’s journey looks like , is like taking a daily shower in hand sanitizer ; it immunizes your sales team from poor sales performance.

 

Doing more of what you have always done is not the way to fix poor sales performance today. You must get out in your market and clearly understand the problems your buyers have and how they seek to solve them.

How are your sales performing to date?

 

Are you trying to manage fruit ripe? Or are you strategically, humbly, seeking to understand your market?

 

Is someone in your senior leadership team starting conversations with; “When I carried a sales bag we….”?

 

Is anyone in your senior leadership Monday KPI meetings starting their point with “I think we should…..” instead of sharing current market data?

Practicing clean sales management is the only way to immunize your sales team from poor sales performance. If you find your team is experiencing sick sales it’s often because you allowed an old belief of how and why your buyers buy to infect your sales process. The quickest cure is to get out in your market and determine how your buyers are buying today.

 

 

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