improve sales performance | No Smoke and Mirrors

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

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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.

Increase Sales: Turn your “Sales Bucket” into a “Marketing and Sales Funnel” That Generates Revenue

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Steve Patrrizi new sales funnel — Steve Patrizi new sales funnel

In my last post I shared what CEO’s and business owners often share about sales: Why can’t it be more predictable, more systematic? The good news is it can. The unfortunate thing is most companies believe they have a marketing and sales funnel when in reality they have a sales bucket. A “sales bucket” is when all your opportunities, prospects and leads are all floating around together and many dying because you lack a process to help them buy. In a sales bucket opportunities that should become sales make a big splash when they enter your system but fail to leak out the bottom as a sale. In this post I will share how I have helped companies turn their sales buckets into revenue generating marketing and sales funnel generating revenue on a consistent and predictable basis.

When I hear a business leader say: 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. What I hear them saying is : Why can’t my sales and marketing be more of a science and less of an art form? …it is too random, too unpredictable and it drives me nuts that I can’t count on the sales forecasts I am given.” These made me want to do some more research and answer the question: What is science?

At its very foundation science seeks to identify patterns. Through identifying and watching patterns, scientists uncover laws that are ultimately translated into math equations. These patterns follow one of two interwoven features; physical laws and environmental influences. With the common pattern of as high as 96% of leads going unsold…what is the pattern and what can we do to improve?

For companies who lack a marketing and sales funnel over the years the current market has only made this problem even worse. It used to be, back in the day, back when sales was the “keeper of the keys of product information” , marketing just had to dump prospects and leads into the top of the funnel and sales was responsible for pulling them through to a sale. The funnel and the function of the funnel changed as Steve Patrizi points out here. Today buyers are more informed and as much as 60%-80% of the buying process is over before they contact you. I read an article recently that shared the most important number in B2B marketing is 60%.

What does this figure mean for Marketing?

60% … This is no man’s land: a gap in the purchasing funnel that neither commercial function currently addresses.
The 60% mark is in that part of the mid-funnel that is critical in terms of driving the buyers’ consideration of a supplier for a potential purchase.
60% also means trying to build a dialogue with customers without having the advantage of a Sales rep’s one-on-one commercial interaction.
Finally, 60% means moving beyond the “qualified lead” mindset. In essence, once we have moved past the early stages of the funnel, we need a strategy for persuasion and attention-grabbing mechanisms.

Our job today becomes understanding how buyers buy, what common problems do they have, and turn our sales bucket into a slippery marketing and sales funnel that helps buyers buy. So how do we do that? What have I seen work? Below is the process I have used to help take the art out of sales and make it a much more predictable, forecast able, outcome.

Establish a common language – what does your team mean by a; Prospect, Inquiry, Opportunity, Lead?
Go into your market, ideally on four legged sales calls and clearly understand how your buyers buy and the criteria they need to make buying decisions.
Identify market truth’s
Map Buying journey
Create a marketing funnel that helps buyers buy
Stop the “sales insanity” and map a repeatable sales process that turns leads to sales
constantly sense and refine, adjust , be agile as your buyers change their processes change with them
Measure, measure, measure…
identify “the canary in your coal mine”, your lead to close %
Nurture your leads, improve your lead to close % by helping them slide through the funnel with what they need when they need it.

Do you have a sales bucket with opportunities that should become sales (leads you paid good money for already) dying?

Do you know why buyers buy from you and why they don’t?

What do your buyers need today to make buying decisions?

Do your sales people have the right sales tools to make the sales funnel slippery or is buying from you like sliding down a sliding board lined with sand paper and splinters?

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

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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?

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

Do you have “Post Turtle Marketing”?…if so its preventing you from achieving sales goals

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In my last blog post I shared advice on what to do if you report to a “post turtle sales manager”. We run the risk however of hiring people, promoting them and placing them in key positions without skill, knowledge or training in every area. One of the most dangerous areas to have a post turtle is marketing. In this post I will share what salespeople must do if they find they have “post turtle’s running marketing”. If you find you work in an organization that has post turtle marketing this blog is for you.

In today’s business climate it is one of rapid change. It should not surprise us as more and more information is available on the internet and as much as 70% of the buying process is done before the buyer calls a sales person. The trouble a number of sales teams face is having post turtle marketing support. The marketing team, if they have one, is comprised of people who are excellent at creating sell sheets, are proficient at negotiating ad costs, media buys, and purchasing logo coffee mugs and t shirts but lack an understanding or appreciation of how your buyers are buying today. They probably grew up through the ranks in your organization and seemed to have a proficiency in copy writing, maybe creative, and were awesome at creating excel spread sheets with customer names and executing mass mailings flawlessly. They insured your trade show booth arrived on time an in their defense this is what most companies thought marketing was. For many organizations this is what they thought marketing was, but today it is much, much more.

What is marketing?

Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. (marketingpower.com)

“Because the purpose of business is to create a customer, the business enterprise has two–and only two–basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs. Marketing is the distinguishing, unique function of the business.” ( Peter Drucker on Marketing)

Marketing is the process of communicating the value of a product or service to customers, for the purpose of selling the product or service. It is a critical business function for attracting customers. (Wikipedia)

Positioning; “an organized system for finding a window in the mind. It is based on the concept that communication can only take place at the right time and under the right circumstances” (Positioning; The Battle for your mind)

First, it’s marketing’s responsibility to see that everyone is playing the same tune in unison. Second, it’s marketing’s assignment to turn that tune or differentiating idea into what we call a coherent marketing direction. ( Jack Trout)

Marketing is the name we use to describe the promises a company makes, the story it tells, the authentic way it delivers on that promise. – (http://www.thedefinitionofmarketing.com )

…interesting, nowhere does it say design t shirts and coffee mugs with company logos or book ads in trade publications?

The market we serve today is dynamic and changing.

How do I define “Marketing”?

“The fundamental responsibility of marketing is; to understand your market, its buyers, their buying process and criteria. Once you have a thorough understanding position your product and or service in the minds of buyers in your market based on the problems you solve for them” ( Mark Allen Roberts)

What do we know?

We live in an Age of Digital Darwinism… We are all super busy and If you can be dispensed of you will.

50% of leads are qualified but not ready to buy (Hubspot)

87% of B2B buyers said content plays a major role in vendor selection.

Companies that excel at lead nurturing generate 50% more sales ready leads at a 33% lower cost. (Forester Research)

79% of leads are not converted to a sale because they are not nurtured along.

Assuming you agree with the above and you too have noticed a shift, a change in the market, what is a salesperson to do?…Adapt!

There are a number of very good marketing automation companies;

Hubspot

Marketo

Infusionsoft

Eloqua

Make sure you review each and find one that best serves your company, the size of your company and interfaces with your CRM.

Sales today is not about spending a lot of windshield time as much as lap top time.

Sales today is not about working more hours, working harder, it’s about leveraging technology and your market knowledge to work smarter.

Success in sales today is about nurturing your leads until they are ready to buy and if marketing is not doing it you must to survive.

Hitting and surpassing your sales goals today is about helping customers find you with brilliant marketing communication that shares the problems you solve for your buyers in the buyer’s language.

For years sales teams have been told to; just make it happen. Sales super stars are good at figuring out what we have to work with, creating our own tools as needed and making it happen. If you have post turtle marketing it is not helping you connect with buyers who are looking for you right now. As the “just make it happen folks” we need to take it upon ourselves to learn how our buyers are buying, the criteria they are using to make buying decisions and to be where they are looking. We must embrace the tools, studies and technology available and implement it to better serve the markets we are responsible for.

The salesperson of the future will embrace technology and leverage its capability to create sales velocity working smarter not harder.

What about your company?

Do you think marketing is about coffee mugs and t shirts?

Classical marketing teaches never let sales create their own sales tools, but if marketing won’t or can’t, what should they do? What are the risks if they do?

In closing I want to say that if your marketing department is still caught up in thinking their main job is creating sell sheets, trade show booths and a line of company logo clothing to build brand awareness it is not that they are bad people, or not adding any value. Someone needs to do those product and branding things. However they like sales need and must adapt. I had a preacher once say something that really rocked my boat and it applied here as well…” if you want to see where someone’s priorities lie, open their check book.” If we opened your companies’ marketing checkbook where does your marketing spend its budgets? This will be one of best indicators if the person running your marketing department today is a post turtle. The good news is there is no better day to change than today.

As salespeople, we are paid to make it happen hit our numbers. We are not perfect by any means, however to not use what we know about how buying today and adapting to better serve them is like hunting an elephant with a BB gun. You might feel good you are busy, but your odds of success are nil (and so will be your sales commissions). What I am sharing is marketing’s job make no mistake. However, if your marketing is not doing it, you must until they adapt. After all you are judged by your sales numbers, your results. For years you have figured it out and made it happen. Use that same pioneer drive and embrace how buyers are buying today and the technology available to improve your results.

How do I Improve My Sales Team’s “Lead to Close Percentage”? 10 steps …

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leads nurtured grow into profitable customers

In my previous post I shared how your lead to close percentage is a canary in your coal mine, an early warning for your future sales performance. Market leaders track and constantly fine tune their lead to close process to drive sales performance increases. In this post I will share 10 steps I have used to improve your lead to close percentage.

Improving your lead to close percentage increases the return on your team’s market dollars invested while adding predictability to the sales forecasting process.

When you ask sales people what they need to grow their sales and hit their sales numbers they often say: more leads. I have found in 95% of the cases this is not true. You do not need more leads you need to improve your sales teams close rate on the leads you already have.

Here’s some stat’s for you to chew on….

50% of leads are qualified but not yet ready to buy ( Hubspot)

57% of B2B companies identify converting qualified leads into paying customers as a top funnel priority (Marketing Sherpa)

65% of Marketers have not established lead nurturing (Marketing Sherpa)

79% of markets have not established lead scoring (Marketing Sherpa)

Companies that excel at lead nurturing generate 50% more sales ready leads at 33% lower cost ( Forester Research)

Nurtured leads make 47% larger purchases than non-nurtured leads ( The Annvitas Group)

Companies that have lead nurturing have 9% more sales reps make quota ( Gartner Research)

Trigger based marketing, event based marketing is 2 to 12 times more effective than old school direct marketing ( Genroe)

How do we serve our customers and help them to buy what they want when they are ready to buy?

Know why customers buy from you and why they don’t
Tear down internal Silo’s between sales and marketing
listening, truly understanding your buyers problems, criteria and buying process
Teach, develop content , drive demand
Create lead nurturing processes
Make it easy to buy from you and stop protecting the fort in your sales process
Create buyer persona’s , speak to their pain
Use trigger based marketing, event based marketing
Make sales a part of the lead nurture process and make sure you understand it is different than the lead generation process
your job is not to “sell” your customers but “serve” them and help them buy

If you do not have a lead nurturing process in place start one today. Keep in mind the best lead nurturing programs touch prospects with relevant insightful content perfectly timed based on their intimate understanding of how buyers buy and the criteria they use. You are building a relationship. You wouldn’t ask someone to marry you on the first date, so why would you expect to close the sale immediately?

The landscape of sales today has changed dramatically compared to how it used to be. Market leading sales and marketing teams work together with cross functional goals. Salespeople spend time on the internet researching their customers and prospects leveraging technology to identify problems they can solve instead of hours of windshield time and logging air miles. Market leading sales and marketing teams have adapted and leverage technology to improve their lead to close percentages. They increase sales and return on sales dollars invested.

“Lead to Close Percentage”, The Canary in Your Coal Mine for Sales Forecasting

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knowing your lead to close percentage is key to improving sales

If you want to get CEO’s talking, one of the hot topics is what I have referred to earlier is the “Great Disconnect” as it relates to sales execution. Some common burning problems that CEO’s often share with me on their drive home at night are about their frustration with regards to sales performance…

Why is sales an art and not a science in their organization given all the technology available today?

How can I get my sales team to operate like my plant?… more manageable, more predictable?

How can I tell quickly and early enough that my salespeople will or won’t hit their sales goals each month?

How can we drive the variability of sales forecasting out of our current sales forecasting process?

How can we get a greater return on marketing dollars invested?

The question I use that often makes the phone call grow quiet with that all too familiar pregnant pause is: What is your team’s “lead to close percentage”? Your lead to close percentage is the canary in your coal mine of sales and acts as an early predictor of future sales performance. When you ask salespeople how to grow their sales they will say; I need more leads. The reality is you do not need more leads you need to improve your lead to close percentage on all the leads you already have.

My grandfather grew up in West Virginia and his father like many men back then was a coal miner in addition to having the family farm. My grandfather used to share with me how miners would bring canaries down into the coal mines as they were a quick early warning sign that there were toxic unhealthy gases seeping into the mine and they needed to leave the mine quickly. Canaries are particularly susceptible to toxic gases like carbon monoxide and methane found in the stale air of mines back then. The life of a canary in a coal mine was often short but meaningful. Your lead to close percentage indicator is the canary in your sales mine.

So what is the “canary in your coal mine of sales”?

Your “lead to close percentage” is one of the best indicators of future sales performance.

57% of companies in a study indicated converting qualified leads into paying customers as their top funnel priority (Marketing Sherpa)

50% of leads qualified but not yet ready to buy (Hubspot)

Do you know your “lead to close percentage” for your sales team? …for each salesperson?

It is difficult to manage, fine tune, and improve something until you make it a Key Performance Indicator that you track. Once you start tracking your lead to close percentage for your team and each salesperson you will quickly be on a path to taking the frustrating variability out of your sales forecasting process.

In my next post I will share specific ways to improve your lead to close % one you have agreed to make it a key performance indicator your sales team will track and report on.

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

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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 4^th 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.

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.

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

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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

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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 21^st 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.

Improve Sales; Practice “Clean Sales Management”

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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.