Selling has been around for centuries, since the beginning of human society, certainly. It might be difficult to believe that you can still have innovation in sales in today’s fast-paced world. Real innovation combines new ideas and outstanding execution, and it is in the execution that many salespeople fail. The definition of innovation involves generating new ideas, original and creative in thinking, that have a significant and positive impact and value. Another definition includes transitioning creative concepts into tangible outcomes that improve effectiveness. To be innovative, you must take concept to execution. Innovation in sales actually involves doing several very practical things in a creative manner on a consistent basis. Innovation in sales involves discipline.
Here are 6 key concepts for innovation in sales:
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Do Whatever It Takes. We call this WIT, and top producers in sales understand that they really must do whatever it takes—assuming actions are ethical and legal, of course—to help their clients, sell the next deal, and attain their goals. What this really translates to is commitment: commitment to taking the time to think broadly when it comes to a prospect or an opportunity and doing what the other salespeople do not do. This might mean staying later at work to send a communication that includes helpful resources, or it might be calling a client to ask who they might know that would benefit from meeting with you. Bottom line, WIT translates to innovation in sales because your prospect or client benefits from your willingness to serve them to your fullest potential. How committed are you or your salespeople to doing whatever it takes for your prospects and clients?
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Overcome Self-Limiting Beliefs. Napoleon Hill said, “Your only limitation is the one you set in your own mind!” This applies to everything in life and certainly impacts success in sales. High self-awareness is especially important for salespeople. Self-awareness helps you better understand the belief systems that you're consciously or unconsciously bringing into your sales calls. It also helps you understand how you might interpret a client's response to you. Here are some examples of self-limiting beliefs and more supportive beliefs: “Prospects are honest” vs. “I maintain healthy skepticism about what prospects tell me.” “Any lack of results is due to my competitors” vs. “Any lack of results is due to my own efforts.” We all have beliefs; however, being self-aware and analyzing what happens when these get in the way of a sale demonstrates innovation in sales.
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Eliminate Non-Prospects from Pipeline. True or false: You or your salespeople have stuffed the pipeline with prospects that will not close, and you know it. There is safety in numbers, another saying, that when it comes to pipeline is unfortunately not true. Top salespeople are adept at fully qualifying their prospects along the process and eliminating them as soon as possible from their pipeline when they know that they are not qualified. In most cases, these salespeople have some mental or actual checklist they follow to understand if a prospect “fits” their criteria. Here is our Prospect Qualifying Scorecard that can help you and your salesperson make sure to eliminate non-prospects from the pipeline sooner rather than later.
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Follow a Sales Process. The data is clear on this one: 93% of top producers follow a stage-based systematic sales process. Following a process keeps them from skipping a step in the buyer-seller journey. For example, do you or any of your salespeople skip too quickly from uncovering a problem/pain issue to providing a solution? This is a common example of not following a sales process because the salesperson has skipped over fully uncovering and understanding how painful the problem is, if the prospect has the time, money, and resources to fix the problem, what the decision-making process is, and if they are committed to fixing the problem. Following a consistent and systematic sales process is like following the instructions for assembling a piece of new equipment. It helps to ensure that it is constructed properly and will work! While sales processes themselves are not new, being adept at effectively executing a sales process truly is innovation in sales.
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Prospect & Bring in New Business. This one is clear and short. Prospect every day. Find all potential avenues to reach prospects that fit your target. Innovation comes from the execution of this effort, as most do not execute on a daily basis. Prospecting for a salesperson must be Job #1.
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Overcome Rejection. This is one of the most important findings from the sales evaluation that we utilize—the pioneer and leader in the industry, Objective Management Group. Here is a short description below:
a. When this is a Weakness, an individual might feel hurt and hesitate for some period of time before reaching out to a prospect after being rejected.
b. When this is a Strength, an individual might get back on another sales call immediately after being rejected without feeling hurt.
Elite salespeople are fast to get back on the wagon, and doing so helps them move on to the next, perhaps more positive experience, so that they do not dwell on the negative perspective of being rejected by a prospect. Top producers also take the time to analyze what happened and identify what went wrong in their process, enabling them to self-correct. In this area, innovation lies not in recognizing errors but in learning from them and applying those lessons to future opportunities.