Tag Archives: Sales

Acquire Top Sales Talent With a PLAN Sales Managers – Don’t Rely on HR

When asked which management activity is most critical to sales team success, 97% of Executive Sales Managers from across the country indicate the Identification and Acquisition of Talent as “extremely important” or “important”. No big surprise.

During my daily conversations with Executive Sales Managers, the discussions and debates inevitably turn to talent. The people on our sales teams dominate our time and attention, and for all the right reasons. My intent is not to recommend that this would change; it is in fact quite the opposite. We need to continue to find ways to get more from our human capital. That is what extraordinary sales coaching is all about- incremental gains in performance. However, when referring to the identification of talent, Executive Sales Managers need to recognize these gains can be hindered by an individual’s capacity, or in other words, their talent. As Sales Managers we need to help all members of our teams improve, but you will get greater results if you begin with those that already have the “right stuff”. A sales team’s production potential is determined by the base line talent, for which Executive Sales Managers are accountable.

Here are a few best practices I’ve used and observed others using with significant success. Success is here defined as a constant flow of the right sales talent, with minimal time during which open positions are not filled. I will defer quoting statistics of what it costs to turn a sales department employee or the cost of an open sales territory, acknowledging you already have a keen understanding of the value of long term, high performing associates on your sales team.

ABR (Always Be Recruiting) Although 97% of Sales Managers agree on the importance of talent, very few sales departments have what I would say is a “talent identification and acquisition culture”. I am in contact with Executive Sales Managers every day, and I witness firsthand that identifying and acquiring sales talent has not been proactive, but most often a reactive response to a termination and/or a need to expand. The preponderance of those in sales management roles haven’t identified, nor do they consistently have recruiting lines in the water at the best fishing holes. Ask your sales management team the question “If you have a termination tomorrow, do you have a candidate or list of candidates identified whom you could contact to immediately begin the recruiting process?” It is not until we lose someone on our sales team that calls go out to recruiters, Linked-In is accessed, internal company emails are sent, and so on. But every Sales Manager should make it their duty to have several prospects already identified and to some degree pre-screened. Something to shoot for is that every Sales Manager has lunch, coffee, or drinks once a month with a prospect who might be a fit for your team. Right now, measure the average time a territory stays open, and see if you can reduce it by 50%. If done, how much would you save in lost revenue?

Understand the type of talent you can acquire Whether you know it or not, you may be limiting the quality of the talent you attract. Many factors are at work here. Compensation, market competition, your company reputation, and the quality of your existing sales coaches/managers can all impact your ability to attract and acquire the best. I once worked with an organization that said they wanted only the best talent– period. However, they didn’t seem to obtain what I would consider top-notch sales and sales coaching talent. Further investigation showed they didn’t have a new hire training program that allowed them to bring on board the best talent. Because of this limitation, they instead had to bring on “people in their business” and they sought “industry experience” over sales, coaching, and leadership talent. They settled for mid-age sales folks who were content with a $70,000/year plan. I have not encountered many mid-age sales people with spotlight talent that are satisfied with $70K/year. Our recommendation was to change the model and look for a sales person who was in their first sales job, someone who already had sales skills training in that job and would love a chance to take a bump in earnings. Or to create an internal training program that taught the skills needed so “industry experience” was not a hiring requirement. Or to be really cutting-edge and do both! Be realistic, and understand the demographic you need.

To illustrate this “experience” factor, consider Terry Pettit, the retired NCAA volleyball coach with the highest all-time winning percentage, and former Sales Coaching Summit Instructor. When he started coaching at Nebraska, he was told he could never win a NCAA championship because the best talent went to places such as UCLA, Stanford, California, and Hawaii. He was told there was not enough available talent in the market. Rather than settle and not compete for national championships, Pettit instead redefined talent for the Nebraska program. He quickly determined that talents such as speed, instinct, urgency, coordination, and competitiveness were not teachable, but that volleyball skills could be taught. So at one time early in his coaching career, in his starting rotation, five of the six were high school high jump champs in their respective states, with little volleyball experience. He took raw talent over experience and created a dynasty.

Understand your sales department talent limitations and look for ways to remove or raise your lid. By the way, I’ll take talent over experience every day of the week and twice on Sundays.

Take control of your identification and acquisition process This is not an HR responsibility; it is your responsibility, and the responsibility of every Sales Manager on your team. HR doesn’t likely have goals and bonuses tied to the sales department having all spots filled with the greatest talent, but Executive Sales Managers certainly do. When I recently asked an executive sales manager if HR was a big help, his response was “they are when they want to be, but too often they are too busy planning for other things such as the company holiday party.” This is not to suggest you don’t partner with HR for assistance in the process, but their role is administrative in nature and managed by the Executive Sales Manager. Some HR departments may serve as exceptions, but not many.

Another point of importance that should be obvious, but that few think about or act upon is that the person who is your lead recruiter is the face of your company, and certainly the face of the sales department. Make sure the “face” will attract talent. This person needs to be able to sell (assess for the qualities of a great recruiter), should dress well, and must possess a strong executive presence. We can all relate to meeting those people with an “aura” that is attractive, not just physically but in a way that make us want to learn more about that person. This aura should be exemplified in your lead recruiter.

Science-based assessments work Don’t be naïve and think you can select better without an assessment. In a related newsletter article this month Danita Bye references a University of Michigan study which reveals that interviews account for almost 90% of hiring decisions, but were found to be only 14% accurate in predicting success. 14% stinks! Dr. Susan Hirt from Talent Plus shows that the highest correlation to predicting job success is the use of structured interview science-based assessments. Like most everything else in our world today, research is causing us to look hard at ways to make assessments more accurate and predictable of success. Sales Managers need to constantly refine their approach to the selection of sales department talent. And don’t think for a minute that assessment tools should be used only to identify top sales performers; utilize them for all roles on your sales team. These tools are certainly not the sole determinant of selection, but should account for approximately 33% of the decision. The other two thirds split between personal interviews and reference checks.

Put these pieces together and, speaking from experience, your offer-to-acceptance ratio should be over 90%. Whether or not your new sales talent stays and performs then becomes up to you and your team’s ability to coach, which is another critical component of maximizing sales team.

Bill Eckstrom
President and Founder, EcSELL Institute
3119 South 33rd Street, Lincoln, NE 69506
402-805-4238
http://www.ecsellinstitute.com

Article Source: https://EzineArticles.com/expert/Bill_Eckstrom/245867

Article Source: http://EzineArticles.com/5784561

The Reluctant Salesperson Could Use a Sales Coach

If you don’t ask for a sale, you don’t get one…

You’ve done it all – prospected, qualified, presented, handled objections, sent a proposal and maybe even asked for a referral. The only thing left to do is “close the sale” and this is an area that often could use some sales coaching training.

Closing the sale is an important part of doing business but a critical part of staying in business. Unless you can close the sale, you’re like a baseball player who didn’t touch home plate or a golfer who only played 16 holes. You’re not done, you didn’t score, you didn’t finish what you started, you didn’t ask for the sale. Welcome to the exciting and sometimes scary world of asking for the sale. For many people, it’s the hardest part of the sales process but it can easily be remedied by taking some sales coaching advice.

There never seems to be problem telling your customer all the great value your product or service brings or telling them about the wonderful feedback you’ve received from satisfied customers. You’ve answered all their questions and accommodated every request. Now it’s time for the next step – to ask for the business and close the sale. But the reluctant salesperson who has trouble taking that final step in sealing the deal and closing the sale will lose the sale at that precise moment. If you can’t close the sale, why bother opening it? The reluctant salesperson ends up limiting his or her success and choking off new business. If you can’t, don’t, or won’t ask for the business, you won’t have a business. Asking for the sale is the most avoided question in sales and it’s the most powerful.

What’s the cause of this hesitation in asking for the sale?

Fear of rejection is a common reason for delaying asking for the sale. Fear shows up in the darndest places. But fear is no excuse for not asking for the sale. Fear is among the top reasons many fail to close and if there’s one major sales coach tip it is to ask for the sales close. You should never be afraid to ask for a customer’s business; after all, that’s why you’re there. Plus, they’re expecting that at some point in the sales process you’re going to ask for their business. Many of the business owners I coach have recognized the costly consequences of being the reluctant salesperson. Together, we have implemented programs to help them immunize themselves and their sales teams against its deadly effects. Learning the principles of closing and asking for the sale is important for any business owner. This is true whether sales are your primary business function or just one of many tasks you do, maybe even reluctantly. Most businesses involve sales that could use some sales coaching advice, but in many of those businesses the owner is wearing other hats.

Business owner often focus on other tasks for the bulk of their day when sales should be their number one goal and priority. The owner might be a web designer, landscaper, dentist or banker. Imagine a website designer who starts her own business and spends most of the day creating websites. While she might be a master at web design, she has not mastered selling her talent or skill. But in order to make any money, sales need to be made. So sales, while not her primary activity, are vital for the success of her business. If you don’t ask for the business, you will never get the business. That’s it. It’s that simple. One of the biggest mistakes made in sales or business is not taking the initiative to close the sale. While even seasoned salespeople struggle with the reluctance issue from time to time, it is most noticeable in people who only make sales once in a while. You can’t expect your potential customer to jump up and say, “I am ready to buy.”

It’s up to you to push past the fear and ask for what you want. Remember, it’s not what you sell, it’s how you sell.

Liz Wendling, the sales coach for women, believes everyone is in sales. Armed with proven sales strategies that work in this tough economy, Liz helps women business owners (and smart men) create immediate sales results, achieve lasting business success and permanently raise their bottom line. She works with business owners who don’t have sales experience as well as those who have sold for years that need a tune-up to communicate more effectively and sell more efficiently. Reputable sales coaches can definitely boost your sales results and speed along the selling process.

For further information on sales coaching call Liz in Colorado at 303-988-9157

Article Source: http://EzineArticles.com/5769651

7 Obstacles That Hold Sales Professionals Back and What You Can Do to Overcome Them

To be successful in sales you must overcome 7 obstacles. Almost every sales professional runs into these obstacles at some point in their career. For many these obstacles continue to reoccur. These obstacles are not always addressed in sales training, which is why we advocate an ongoing sales coaching relationship. As you read, assess your sales skills and your effectiveness at overcoming these challenges. By conquering them you will be able to take your sales performance to a whole new level.

Obstacle #1: Fear of the “No”. Much has been written about the fear of rejection but it still remains an issue for many sales people. I find that it is helpful to give my prospects a “no-option” right up front! My product/service is not for everyone. I don’t want anyone to feel manipulated or disrespectfully coerced. Neither do I want any “buyers-remorse.” When people say “yes” to me I want them to truly want what I am offering. I want it to be a “win-win” situation. Otherwise there is no hope for a long-term relationship.

As a sales professional you need to truly believe in your product or service. You need to be passionate and enthusiastic about what you are offering. You need to communicate the unique benefits of buying from you. But in the end, if the prospect says “no” it does not diminish the value of your product/service, and it is not a personal rejection of you. You must differentiate that within yourself in order to succeed.

Obstacle #2: Not Being Prepared. It’s very important that you prepare before making the sales contact. I know that there are times when selling opportunities present themselves serendipitously, but most of the time you will have an opportunity to prepare before the contact.

For me, preparation involves going to the prospect’s website, blog, or social media sites before the contact. There I want to learn everything I can about the company and the individual that I will be meeting with. Prospects are typically very impressed if they see that you have done your homework. They feel valued and respected.

I also want to prepare my attitude. I want to go in with the right mindset, being customer-centered and customer-focused. I want to be optimistic and visualize this prospect becoming my customer. I want to anticipate as much as possible what will happen in this conversation. However, I always want to remain flexible and open to the unexpected.

It is very important to be prepared. I would encourage you to develop a system for personal preparation and use that system every time you make a contact.

Obstacle #3: Focusing on Yourself Rather Than Your Prospective Customer. I alluded to this in Obstacle #2. It is very important that you focus on the other person. Your attention and your energy must be directed to understanding them and serving them. This contact is not about me. It is about the prospective customer, about their wants and needs. We must be tuned in to them before and during the contact.

There is a Hebrew Proverb that says “The purposes of a man’s heart are deep waters, but a man of understanding draws them out.” I want to understand my prospect (if possible) better than he understands himself. I do not want to be preoccupied with my fear, my discomfort, or my ideas. I want to be totally present for my prospect in that moment of contact.

Obstacle #4: Failure to Listen During the Selling Conversation. The most important tools you have in the selling conversation are questions. The quality of your selling is directly related to the quality of your questions. You must go prepared with good questions and then be ready to ask more questions as they surface in the conversation.

Questions are essential to help you get to know your prospect and to understand what their needs are. I always encourage my clients to prepare good questions ahead of time so that they will be asking better questions than their competition.

However, it is not enough to just ask questions. You must also listen carefully to what they are saying. When appropriate, say back to them what you hear them saying. Listen beneath the words. What are they feeling in the moment of the conversation? How is my question impacting them? Listen and observe. Let them do most of the talking as you guide the conversation with powerful questions.

Obstacle #5: Not Keeping Your Promises. It amazes me how many people do not follow through and do what they say they will do. Successful sales professionals keep their word! They stand behind their promises no matter how difficult or inconvenient.

Prospects are asking themselves one primary question, “Can I trust you?” If you fail to keep your word in the initial meetings or the sales process, it is likely that the prospect will assess you as unreliable and/or dishonest. Bottomline: Keep your word!

Obstacle #6: Inability to Close the Sale. In my early days of selling this was a huge problem and I’ve discovered that it is for many other people as well. I could have a great conversation, ask some good questions, and uncover some clear needs that we could meet. But when the time came to close the sale something happened and I walked away empty-handed.

Always remember that people buy based on emotion, and they justify with logic. In other words, every buying decision is an emotional decision. A good selling conversation will guide you into the prospect’s points of pain and passion. If you never uncover pain or passion you will probably never close the sale.

The 3 keys to a successful close are emotions, buying signals, and questions. Through your conversation look for the moments of emotion. Don’t be afraid to linger there. Also be watching for both verbal and visual buying signals. And then, when the time seems right, ask the closing question.

There is an art to this but with practice and evaluation you will be able to improve your ability to close the sale. You might consider engaging a coach to help you with your questions and scripts, as well as to help you increase in your self-awareness and other-awareness.

Obstacle #7: Failure to Continuously Improve. Leaders are learners, and successful sales professionals are always learning and improving their skills and their mindset. Both require attention and intentional development. No doubt you are reading this article because you want to improve. Let me encourage you to continuously read, observe, engage mentors, attend seminars, talk to colleagues, and evaluate your selling experiences. Be an aggressive learner and you will become a top notch sales professional!

As you increasingly overcome these obstacles you will gain more confidence and improve your sales performance. I believe that you will fall in love with selling and begin to see it as “serving” rather than taking! You will gain greater financial success and enjoy the fruit of a growing network of people who appreciate you. And you will realize the enormous potential you have to succeed in sales.

To learn more about how we help sales professionals go to www.TheGrowthCoachHouston.com/increase-your-sales/.

D. Glenn Smith is CEO and Lead Coach at The Growth Coach Houston, a business coaching firm whose mission is to empower business owners and sales professionals to achieve exceptional performance in their businesses and to live extraordinary lives. Glenn has over 30 years of experience and has coached business and organizational leaders on 5 continents. He is a sought after motivational speaker who has spoken to groups of 20 to 2,000, including several national franchises. For more FREE resources go to http://www.TheGrowthCoachHouston.com.

Article Source: https://EzineArticles.com/expert/D_Glenn_Smith/877909

7 Obstacles That Hold Sales Professionals Back and What You Can Do to Overcome Them

To be successful in sales you must overcome 7 obstacles. Almost every sales professional runs into these obstacles at some point in their career. For many these obstacles continue to reoccur. These obstacles are not always addressed in sales training, which is why we advocate an ongoing sales coaching relationship. As you read, assess your sales skills and your effectiveness at overcoming these challenges. By conquering them you will be able to take your sales performance to a whole new level.

Obstacle #1: Fear of the “No”. Much has been written about the fear of rejection but it still remains an issue for many sales people. I find that it is helpful to give my prospects a “no-option” right up front! My product/service is not for everyone. I don’t want anyone to feel manipulated or disrespectfully coerced. Neither do I want any “buyers-remorse.” When people say “yes” to me I want them to truly want what I am offering. I want it to be a “win-win” situation. Otherwise there is no hope for a long-term relationship.

As a sales professional you need to truly believe in your product or service. You need to be passionate and enthusiastic about what you are offering. You need to communicate the unique benefits of buying from you. But in the end, if the prospect says “no” it does not diminish the value of your product/service, and it is not a personal rejection of you. You must differentiate that within yourself in order to succeed.

Obstacle #2: Not Being Prepared. It’s very important that you prepare before making the sales contact. I know that there are times when selling opportunities present themselves serendipitously, but most of the time you will have an opportunity to prepare before the contact.

For me, preparation involves going to the prospect’s website, blog, or social media sites before the contact. There I want to learn everything I can about the company and the individual that I will be meeting with. Prospects are typically very impressed if they see that you have done your homework. They feel valued and respected.

I also want to prepare my attitude. I want to go in with the right mindset, being customer-centered and customer-focused. I want to be optimistic and visualize this prospect becoming my customer. I want to anticipate as much as possible what will happen in this conversation. However, I always want to remain flexible and open to the unexpected.

It is very important to be prepared. I would encourage you to develop a system for personal preparation and use that system every time you make a contact.

Obstacle #3: Focusing on Yourself Rather Than Your Prospective Customer. I alluded to this in Obstacle #2. It is very important that you focus on the other person. Your attention and your energy must be directed to understanding them and serving them. This contact is not about me. It is about the prospective customer, about their wants and needs. We must be tuned in to them before and during the contact.

There is a Hebrew Proverb that says “The purposes of a man’s heart are deep waters, but a man of understanding draws them out.” I want to understand my prospect (if possible) better than he understands himself. I do not want to be preoccupied with my fear, my discomfort, or my ideas. I want to be totally present for my prospect in that moment of contact.

Obstacle #4: Failure to Listen During the Selling Conversation. The most important tools you have in the selling conversation are questions. The quality of your selling is directly related to the quality of your questions. You must go prepared with good questions and then be ready to ask more questions as they surface in the conversation.

Questions are essential to help you get to know your prospect and to understand what their needs are. I always encourage my clients to prepare good questions ahead of time so that they will be asking better questions than their competition.

However, it is not enough to just ask questions. You must also listen carefully to what they are saying. When appropriate, say back to them what you hear them saying. Listen beneath the words. What are they feeling in the moment of the conversation? How is my question impacting them? Listen and observe. Let them do most of the talking as you guide the conversation with powerful questions.

Obstacle #5: Not Keeping Your Promises. It amazes me how many people do not follow through and do what they say they will do. Successful sales professionals keep their word! They stand behind their promises no matter how difficult or inconvenient.

Prospects are asking themselves one primary question, “Can I trust you?” If you fail to keep your word in the initial meetings or the sales process, it is likely that the prospect will assess you as unreliable and/or dishonest. Bottomline: Keep your word!

Obstacle #6: Inability to Close the Sale. In my early days of selling this was a huge problem and I’ve discovered that it is for many other people as well. I could have a great conversation, ask some good questions, and uncover some clear needs that we could meet. But when the time came to close the sale something happened and I walked away empty-handed.

Always remember that people buy based on emotion, and they justify with logic. In other words, every buying decision is an emotional decision. A good selling conversation will guide you into the prospect’s points of pain and passion. If you never uncover pain or passion you will probably never close the sale.

The 3 keys to a successful close are emotions, buying signals, and questions. Through your conversation look for the moments of emotion. Don’t be afraid to linger there. Also be watching for both verbal and visual buying signals. And then, when the time seems right, ask the closing question.

There is an art to this but with practice and evaluation you will be able to improve your ability to close the sale. You might consider engaging a coach to help you with your questions and scripts, as well as to help you increase in your self-awareness and other-awareness.

Obstacle #7: Failure to Continuously Improve. Leaders are learners, and successful sales professionals are always learning and improving their skills and their mindset. Both require attention and intentional development. No doubt you are reading this article because you want to improve. Let me encourage you to continuously read, observe, engage mentors, attend seminars, talk to colleagues, and evaluate your selling experiences. Be an aggressive learner and you will become a top notch sales professional!

As you increasingly overcome these obstacles you will gain more confidence and improve your sales performance. I believe that you will fall in love with selling and begin to see it as “serving” rather than taking! You will gain greater financial success and enjoy the fruit of a growing network of people who appreciate you. And you will realize the enormous potential you have to succeed in sales.

To learn more about how we help sales professionals go to www.TheGrowthCoachHouston.com/increase-your-sales/.

D. Glenn Smith is CEO and Lead Coach at The Growth Coach Houston, a business coaching firm whose mission is to empower business owners and sales professionals to achieve exceptional performance in their businesses and to live extraordinary lives. Glenn has over 30 years of experience and has coached business and organizational leaders on 5 continents. He is a sought after motivational speaker who has spoken to groups of 20 to 2,000, including several national franchises. For more FREE resources go to http://www.TheGrowthCoachHouston.com.

Article Source: https://EzineArticles.com/expert/D_Glenn_Smith/877909

Article Source: http://EzineArticles.com/5616195

A Sales Coach Can Increase Performance

Are you running a sales company and would like to increase the income of the company? Would you like the staff to perform better on a daily basis? Then you might want to read this since you will be able to find all the necessary information about how to increase performance within your business.

Sales coaching are most likely exactly what you need in order to succeed with your business. You will get information about what you can do to increase performance and you will have someone who can guide you through the entire procedure.

An experienced sales coach will be able to give you great advice regarding systems that should be used for the business and which strategies you should use to reach the goal. You will find ways to reach success that you didn’t even know existed. It will be a great experience for you as a boss but also for all your employees since you will be able to help them become better at what they’re doing.

When you’re planning to try sales coaching you should make sure to choose a company with plenty of experience and a very good reputation. You will be much more satisfied with the results if you choose a really good sales coach.

A sales coach will increase performance as well as profit and he or she will use various techniques to help your business. You will learn how to motivate your employees and you will learn a lot about positive thinking.

Everyone who would like to become a successful salesman should learn how to use the body language and a lot of enthusiasm to increase profit and that’s exactly what you will learn from sales coaching. You will also learn how to act when you meet a price shopper and many other things.

If you would like to find out how successful you and your company can become you should definitely try sales coaching. Everyone has something left to learn and that goes for you as well. You can always have use for some great advice and that’s exactly what you will get from an experienced sales coach.

Start looking for the best sales coach today and start the way to a more successful business as soon as possible. You will soon discover that it’s worth every penny you spend on this and you will start earning a lot more money as soon as you’ve learned everything about the best strategies out there.

Are you looking for a sales coach for your team? Check out the best sales coaching online at http://www.paramounttraining.com.au/sales-training.

Article Source: http://EzineArticles.com/4655935