ACTG Sales Management Blog

Sales & Sales Management Expertise Blog  

2024's Top Sales Training & Management Content

Posted by Tony Cole on Thu, Dec 19, 2024

As 2024 comes to a close, we’re sharing our most read and favorite sales training and management content that helped sales teams thrive this year. Whether you’re focused on leadership, skill development, or strategic planning, you can use these resources to help drive sales success in 2025. Don't miss our top videos and free downloads at the end!

Top Sales Management Content of 2024: 

From Tony's Blog

Gain leadership insights and strategies for driving sales team success with these management-focused articles.

  1. Leading a Sales Team: 10 Keys to Success (Part 1)
  2. 7 Steps to Improve Your Outbound Sales Strategy
  3. Leading a Sales Team: 10 Keys to Success (Part 2)
  4. Using Sales Enablement Tools and Technology to Add Value to Relationships
  5. Sales Prospecting Tactics

Top Sales Training Content of 2024: 

From our Sales Brew

Share these links with your team to help them enhance their sales skills with expert tips and actionable strategies from top-performing salespeople.

  1. 24 Sales Tips for 2024 – From Our Sales Experts
  2. The Most Common Sales Objections | Part 1
  3. 5 Habits of the Best Salespeople
  4. 5 Tips for Asking Your Prospect Better Questions
  5. The Importance of a Quarterly Review

Top Sales Videos of 2024:

Watch these engaging videos from our sales experts to learn practical sales techniques that close deals and build relationships. Subtitles included!

  1. The Most Common Sales Objections | Part 1
  2. Conversations to Avoid on the Initial Sales Call
  3. The Most Common Sales Objections | Part 2
  4. Referral-Based Selling: How to Ask
  5. The Art of Closing a Sale

Top Free Resources of 2024:

We work hard to provide a large amount free resources for sales execs and salespeople. See our most popular resources of 2024 below! 

  1. eBook: Better than the Best Prospecting Book Ever Written
  2. eBook: Achieve Sales Team Excellence
  3. Recorded Webinar: Cultivate Profitable Customers using Sales Technology
  4. Weekly Email Subscription: Sales Brew
  5. Worksheet: Personal & Business Work Plan

Thank you for being a part of our community in 2024. We’re excited to continue providing quality sales training and management content to help you grow your business in 2025. Here's to another year of growth and success!

- The Team at Anthony Cole Training Group

Topics: Sales Management Training, Sales Coaching, sales advice

Sales Prospecting Tactics

Posted by Jeni Wehrmeyer on Fri, Dec 13, 2024

'Tis the season for prospecting, right? Actually, 'tis the season for every sales leader and company to wonder: Are my people reaching out to enough prospects and customers so that we can begin the year strong? The runway is shortening, and this can be a challenging time to reach decision-makers because they, too, may be out of the office or otherwise busy.

As business leaders, we have to accept some of this as the reality of the time of year. Certainly, we don’t want to come off as the Grinch who stole the spirit of the holidays. But does it make sense to put certain sales prospecting tactics in place and inspect them so that you can celebrate both the magic of the season and a robust start to 2025?

Here is a list of sales prospecting tactics that you can find in our eBook, Better Than the Best Prospecting Book Ever. This eBook includes 14 articles written by the Sales Experts at Anthony Cole Training Group to help you and your team stay on track this holiday season:

  1. Why Prospects Do the Things They Do: Understanding the Customer Buying Motives
  2. Prospects Do the Darndest Things: Handling Stalls, Objections, Questions, and Embellishments of the Truth
  3. Do You Speak Prospect? The Importance of Question-Based Selling
  4. Gone Fishin': Sales Prospecting Plan
  5. The 4 Keys to Great Introductions
  6. Identifying Your Ideal Prospect Persona | Selling to Zebras
  7. The 3 Things Keeping You From Connecting With Your Prospects
  8. 5 Tips for Asking Your Prospect Better Questions
  9. The 8-Step Compelling Prospect Phone Call
  10. Develop Your Sales Pipeline to Increase Sales
  11. Leaving Great Voicemails: The Key to Outbound Lead Generation
  12. The 7 Habits of Successful Salespeople
  13. Relationship Selling is the Key to Your Sales Challenges
  14. 4 Rules to Help Salespeople Maximize Initial Prospect Meetings

Download the eBook Better Than the Best Prospecting Book Ever and share it with your team. We wish you the happiest of holidays and the start of a great 2025! Let us know how we can help.

Do You Need More Leads? –  Free Sales Prospecting eBook Download


 

Topics: prospecting skills, Sales Coaching, Sales Prospecting Tactics

Expert Closing Techniques

Posted by Alex Cole-Murphy on Thu, Dec 05, 2024

In the old days of selling, closing was about what happens at the end of a client or prospect meeting – did we get them to sign something, give us the green light, or seal the deal? The activity was about applying pressure on the buyer to make a decision NOW.

Let’s pause and think about how we, as buyers, feel when a person is “pressuring” us to make a buying decision now. It seems there is only one agenda happening – and it’s all about the seller. That may contribute to why, over the years, salespeople have gotten a bad reputation.

Think about your own salespeople. There are many reasons they fail to close business. Too often, they fail simply because they don’t muster the courage required at the beginning of the sales process. When they are prospecting, they are not prepared to ask the right questions, and they aren’t ready when their prospect asks them unexpected questions.

Closing should refer to the whole sales process, not just the end. Closing is about asking questions versus pushing a client in a certain direction. “The sale should close itself” – the process should be natural, not forced. If you’re a good negotiator and influencer, the close should happen on its own. According to Objective Management Group, the pioneer and leader in the sales evaluation arena, there are 13 specific skills that lead to success. In essence, closing is not about expert closing techniques; it is about having excellent qualifying skills.

Picture1-Dec-06-2024-12-31-49-6880-AM

Let’s focus on the top two attributes that are essential for closing:

      1. Gets prospect to agree to make a decision: In your sales process, do your salespeople even ask the prospect if they are willing and able to make the decision? It is not uncommon for salespeople to deliver a proposal or a quote only to find that their “person” is not the ultimate decision-maker. Is that because they did not ask about the decision-making process? Or did they fail, in general, to communicate that they would deliver the proposal with the agreement that a decision would be made, Yes or No? Or did they even fail to clarify if the problems uncovered were compelling or costly enough to make a decision now or soon?

      2. Not Likely to take “Think it Overs”: We call these TIOs, and they are the death of most unclosed deals. They can come in the form of “I really like your proposal and will get back to you,” or “Let me think about it and talk to the team.” These are all understandable responses, right? Not if you have utilized this expert closing technique: “When I deliver the proposal that addresses all of the issues you have shared, within the budget we discussed, I ask one thing – and that is for you to make a decision, yes or no. I would prefer to hear yes, but no is okay.” Think about your own pipeline and deals lost. How many of them are attributable to the dreaded “Think it overs”? When faced with this response, skilled salespeople know how to go back to the pain and the cost of not fixing the problem. They are able to remind the prospect of the urgency they shared, why it is a priority, and balance that with the right amount of patience.

Closing is not about the close. It is about understanding and helping the client solve their problems and take advantage of opportunities, acting in the role of a valued business partner.

by Alex Cole-Murphy with contributions from Objective Management Group and distributors


 

Topics: closing more sales, Sales Coaching, Expert Closing Techniques

5 Steps for Sales Process Improvements

Posted by Tony Cole on Fri, Nov 22, 2024

Many companies monitor their pipeline opportunities with the use of a CRM in order to have information about the opportunities being created by the sales team. Companies want to know:

  • The stage of the opportunities in the sales process
  • Next steps to move the opportunities through the pipeline
  • Likelihood of winning the business based
  • Future sales revenue of all the opportunities in the pipeline

There are typically three challenges associated with the use of CRMs and pipeline management:

  1. Validity – The true accuracy (validity) of the predictive nature of the CRM depends on ensuring that a milestone-centric sales process has been mapped and integrated into the CRM being used.

  2. Credibility – Even if the right sales process is mapped and documented, there is still the element of GIGO—Garbage In, Garbage Out. If the sales team is entering opportunities into the pipeline just to appease management, without ensuring that the opportunities meet the criteria for each step in the sales process, companies will still face predictive problems with their pipeline. Furthermore, sales team engagement with using the CRM can often be a struggle.

  3. Lack of helpful business intelligence – Entering data and obtaining raw numbers is one thing, but building the CRM for reporting that informs sales leaders on how salespeople are performing against their Sales Success Formula is another. Without comparative data, managers are merely monitoring activity without identifying whether there are problems in the process.

What a company should seek for sales process improvements are sales stage critical numbers and ratios, enabling sales managers to clearly and more accurately identify choke points in the sales process for each individual. Additionally, the data can and should inform managers and the organization if training and coaching are required to improve the sales team's effectiveness and results.

To make substantial sales process improvements, every company must invest in sales enablement tools, systems, and technology. However, data alone will not drive improvement. Solving these issues requires the following five steps:

  1. Build a milestone-centric sales process that is part of the CRM and adhered to by the organization.

  2. Create Sales Success Formulas for each salesperson based on their historical performance and agreed-upon sales goals. These formulas identify all the steps of the stage-based sales process and the sales team’s success in converting from one step to the next.

  3. Monitor and update sales effort and execution data so that coaches can "catch issues early" for lead preservation and sales process improvements.

  4. Use the data to develop intentional coaching strategies that help salespeople address specific challenges in either effort or execution.

  5. Utilize metrics to measure success individually and collectively:

    • Percentage of salespeople hitting effort targets (outreach)
    • Percentage of salespeople improving conversion ratios at each step of the sales process
    • Average sale increases
    • Shifting the 80/20 rule to a 70/30 or 60/40 distribution
    • Improved validity and credibility of pipeline predictions
    • CRM adoption rates approaching or reaching 100%

Further validation: 87% of elite salespeople (the top 7%) follow a consistent and effective sales process, compared to only 20% of weak salespeople. To implement sales process improvements, start with these five steps.


 

Topics: Sales Coaching, Sales Process, effective sales process

The Importance of Sales Coaching

Posted by Alex Cole-Murphy on Thu, Nov 14, 2024

There are few responsibilities in life more important than being a coach, whether for a sports team, teaching mastery of a musical instrument, or serving as a sales coach. Consider the impact a coach has on their students: helping them uncover problems, discover opportunities, enhance their approach, improve their skills, and achieve success. This also makes coaching one of the toughest roles, as those responsible for it often juggle numerous other tasks daily, including operational, administrative, and development needs for the company. How does a sales coach find the time and motivation?

Eloquently stated by Howard G. Hendricks:
“The measure of you as a leader is not what you do, but what others do because of what you do.”

This mindset of developing others is the hallmark of great leaders and effective sales coaches. How does that translate into actions and behaviors? An effective sales coach monitors the performance of their salespeople to identify areas for improvement and reinforces behaviors that lead to success. They also build confidence in representatives by providing them with the tools, skills, and training they need to succeed. This is what they do, but the importance of sales coaching lies in the how of coaching—helping a salesperson discover for themselves what is hindering their success by asking insightful questions and providing feedback at critical times. Practicing for upcoming calls, offering feedback on potential questions and challenges they may encounter—these are integral parts of the coaching process.

Here is a short list of opportunities a sales coach has to support their team, illustrating the importance of sales coaching:

  • Make sure they have written goals.
  • Help them follow those goals with a plan.
  • Encourage them to take responsibility for their behaviors and success (no excuses).
  • Provide tools and training to build strong self-confidence.
  • Help them understand and develop supporting sales beliefs.
  • Encourage them not to shy away from tough questions due to a need for approval (desire to be liked).
  • Support their recovery from rejection.
  • Provide opportunities to practice and get comfortable discussing money.
  • Help them understand their own buying cycle and how it influences their sales process.
  • Improve effective listening and questioning skills.
  • Offer tips for building rapport and bonding early with prospects.
  • Help them get comfortable uncovering budgets and price tolerances.
  • Guide them in understanding why prospects buy.
  • Increase their win rate with qualified proposals and quotes.
  • Teach them the importance of reaching the decision-maker for decisions.

Much like a salesperson follows a stage-based sales process, a sales coach is more effective if they follow a coaching process.

Picture1-Nov-14-2024-06-53-39-2543-PM

If a sales coach does not provide insights, feedback, demonstrations, or encourage role-play, the salesperson may practice on clients without the chance to improve before critical calls. Sales coaching is all about helping salespeople get better at asking questions, listening to understand, drilling down, discovering motivation, securing commitments, practicing skills, refining strategies, and demonstrating effectiveness in qualifying, presenting, and closing situations. It is a daunting responsibility, but also highly rewarding when coaching leads to improvement and success.

Tips to ensure the most effective coaching approach:

  • Determine specific coaching needs.
  • Coach consistently with planned repetition.
  • Keep sessions short.
  • Determine the content or agenda in advance (pre-call plan).
  • Prepare (the sales rep should practice the pre-call plan).
  • Always agree on outcomes and actions to take.

Need more information on sales coaching? Click the button below to download our free eBook on the 9 Keys to Successful Coaching! 

Download our Free  9 Keys to Successful Coaching eBook


 

Topics: Sales Coaching


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    About our Blog

    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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