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How Great Salespeople Continue to Learn and Earn

Posted by Tony Cole on Thu, Oct 12, 2017

When I Googled ‘Keys to Great Sales Success’ here are some of the links I found interesting:

Each of these are good articles with great suggestions and there is nothing written or stated that a reasonable person would argue about.  There is no shortage of information about how to become a great sales person. But if was that easy then why do so many, apparently talented sales professionals seem to stagnate or completely struggle with improvement? With that question in mind I want to share with you what I’ve Learned when it comes to being successful in any profession, not just sales.

Yearning and Learning Leads to Earning.

As a boy watching TV with his dad, I became enamored with football.  At the age of nine, I asked my dad if it would be okay to go out for football.  He said “sure”.  He gave me the phone number for Matt Gazzara – coach for the local Pop Warner football team – The Hammonton Hawks – and told me if I wanted to play I needed to call Coach Gazzara and ask if I could come to a practice.  I called, went to practice and fell in love with the game.  I finished the first practice and announced to my dad that I would one day go to college to play football.

I didn't say I would like to go to college to play football. I said I would go to college to play football.  For the next eight years I did everything I had to do to put myself in a position to accomplish this goal.  My senior year I signed a full scholarship commitment letter to play football at the University of Connecticut.

The unseen aspect of this story is what I had to do in the classroom.  I played ball with other talented, faster, larger football players but they didn’t hit the books the same way, get the same grades to qualify for college.   When college coaches came knocking on Head Football Coach Joe Cacia’s door, not only did I look the part of a college football player on film, but my grades allowed me to qualify for the academics.

What I didn’t think about at the time but now realize, is that the yearning and Learning led to my Earning that scholarship. The Earning didn’t stop there.  I Earned a college degree at little cost to my parents and me.  The yearning earned me an opportunity to work as a coach at UConn, at the University of Cincinnati and at Iowa State University.  This Yearning Earned me the opportunity to meet Ralph Grieser who helped me land a great job with Nautilus Exercise Equipment that paid me my first real income of $47,000 as a sales person.  This was good money in 1983.

This story goes on but I want to cut the story short so I don’t lose you.  The shortened version is this:  I went into the insurance business in 1987 after relocating. I didn’t know anyone and selling insurance is all about who you know.  I Yearned to have a better life for my family and so I hired a coach and paid him with a credit card because I didn’t have the cash and didn’t want my wife to worry.  That decision – to Learn more about the art and science of sales - lead to Anthony Cole Training Group and where I am today.

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Linda and I own Anthony Cole Training Group. We employ eight people and we serve clients across the country.  Over our 25 - year history we’ve developed long- lasting relationships with our clients, product providers and business advisors.  Our family has been well taken care of.  We contribute to our community. We love the people we work with and the clients we serve.

So how about you and your team? Do you and your people continue to Yearn, Learn and Grow? If so, what do they have in common?  What is it that they Yearn for that keeps the fire burning and drives them to do the right things more consistently then those who don’t?

Think about your best people and their willingness and ability to Learn and adapt to ever changing circumstances.  You will probably find that they don’t make excuses. My guess is that they take the time to Learn and assimilate new information, adopt new thinking and strategies and implement tools and systems to keep themselves in-the-game and top of your stack-ranking reports.

And what about their Earnings?  Not just the money but also the client relationships they’ve Earned and retained over the years; The respect they have in your company and in the industry; the satisfaction of knowing they’ve done a good job; the recognition of their peers as leaders and top performers.

Finally think about the talent you have and the gap between those who are succeeding and those who are not performing at the level you anticipated when you hired them. What is missing? The Yearning or the Learning? Think about any new candidates you are looking to hire. What do they Yearn for?  Are they coachable (have desire to Learn)?

 Compare Your Salespeople on 21 Core Competencies

Topics: sales attitude, desire for sales success, achieving sales success, sales motivation

Desire and Performance Variability

Posted by Tony Cole on Thu, Oct 06, 2016

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“What you can conceive and believe you can achieve.”  - Napolean Hill

This is so obvious that any meaningful information could probably be expressed simply by stating:

If you have people with various levels of desire for success in sales, you will have variability in performance!

Done. 

Not really, but this isn’t going to take a long time either.

Many years ago, I heard Mark Victor Hansen (author, speaker and all-around good guy) present to the Cincinnati Association of Life Underwriters.  It was at our annual conference and he was our keynote speaker.  His topic was “Visualizing is Realizing.”  During his presentation, he made the comment, “Motivation is an inside-out job.”  I wrote that down in 1990, and I’ve used that phrase over and over again in our 23-year history as a company.

Time and again, sales managers, sales executives and presidents of companies ask me, “Tony, how do I keep my team motivated?”  I tell them that they cannot do that because it’s something their people have to come wired with. That's mostly true. Companies do have to have an environment where it’s possible for people to create reasons for staying motivated.  Compensation, contests, incentives, and recognition all play a part in keeping people motivated.  However, in the end, people have to have a really good answer to the question: “Why do I desire success in selling?”

Success in selling is very specific.  It isn’t just success in a vacuum.  It’s success in a very difficult role with very difficult challenges.  I was once asked why I was in life insurance sales.  I responded that I liked people.  The prospect said, “Bullshit. You’re in sales because you want to make a lot of money.”  I said, “Fair enough; you’re right. I do want to make a lot of money.”

But, money in and of itself is not the root desire.  It’s one of the basics that drive the desire. It’s represented in Maslow’s hierarchy of needs.  Money is just a way to take care of food, shelter, clothing, freedom from harm and security.  Traditionally, people that are very successful in selling have this one thing in common – they have lots of s**t to do that requires money.

Yes, sometimes people have a desire to be recognized as the best.  And they want to have self-satisfaction for a job well-done; but I assure you that none of that matters if there are bills to pay, kids to be fed, a college/mortgage/wedding to pay for or new cars to be driven.

With that as the foundation, let me make this as simple as I can to help answer the question, “So, how do I minimize variability in performance by focusing attention on desire?”

  1. Recognize that it is an inside-out job… so that means you have to recruit people that have huge desire for success in selling.
  2. Traditionally, desire is a result of people establishing goals.
    1. Your manager has to be leader in this. If they are not a goal setter (personal goals), then chances are your salespeople won’t be either.
    2. Your manager also has to set the example of goal achievement.
    3. Your manager has to create an environment/opportunity for personal goal setting.
  3. Your manager has to have the mindset that they must know what motivates their salespeople – why do they desire success in sales?
  4. The sales manager needs to recognize that it is their responsibility to help people raise their self-esteem by recognizing success in all forms when it happens.

As I stated in the beginning, the connection between desire for success and selling and the variability of performance is pretty obvious.  If you want to minimize variability in success, minimize the variability in desire for success.

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Topics: managing sales teams, desire for sales success, managing salespeople, variability in sales performance


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    Anthony Cole Training Group has been working with financial firms for close to 30 years helping them become more effective in their markets and closing their sales opportunity gap.  ACTG has mastered the art of using science-based data and finely honed coaching strategies to help build effective sales teams.  Don’t miss our weekly sales management blog insights from our team of expert contributors.

     

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