ACTG Sales Management Blog

Sales & Sales Management Expertise Blog  

Tony Cole

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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

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

Personal Branding for Sales Success

Posted by Tony Cole on Fri, Oct 25, 2024

Companies develop a brand, why not salespeople? It is worthy of your time to think about what you do differently and better than your competition. What do you bring to the table, and how do you solve problems for your existing clients? If you cannot pin that down, it is critical that you focus and develop your personal brand. Think about a significant purchase you made recently and the process you went through as a buyer. What research did you do to explore your options, and where did you go to find the advice to make a decision among the choices you had? If the investment is significant enough, most buyers will look for an expert in the area to guide them, particularly in the world of financial services. That expertise, if well developed and articulated, is your personal brand and will lead to greater sales success.

Personal Branding for Sales Success

Once you have identified your area of expertise, the next step is to develop and master a well-honed positioning statement. This is used in short conversations when someone at an event asks you, “what do you do?” An expanded version of your positioning statement would be used when making a call on a prospect to uncover their needs, to help them understand how you work with clients and how you help them. Your positioning statement should leave a prospect thinking, “that’s me!” or “how do you do that?” In other words, it resonates with them. Of course, the key to that is calling on the right target audience, those who specifically will benefit from your expertise and knowledge. That is when personal branding is most effective.

Developing your personal brand for sales success involves identifying your “Zebra” or ideal prospect persona. Don’t call on anyone other than those that fit the personas identified. Then research the best ways to reach your ideal prospect. Is it via email or phone call? Is LinkedIn, Instagram, or X their preferred social media platform? Knowing how and where to reach your target persona will positively impact your ability to hunt, qualify, and discover potential new business. Identifying your zebra will bring focus and clarity to your prospecting efforts so you don’t end up chasing or pursuing opportunities that aren’t the best use of your most important assets: your time and personal brand.

Of equal importance is to know, and clearly articulate, what isn’t a Zebra for you. If you know that as well, it helps to bring clarity to developing your expertise, personal brand, and prospecting efforts. Here are some reasons why knowing what isn’t a zebra is so important:

It Eliminates Ambiguity

  • If you aren’t specific about who you serve best, it’s hard to get introductions; if you are vague in your prospect description, it will be more difficult to ask your advocates for introductions. Introductions have been proven to be the #1 way that top producers grow their business. Be specific and clear about what type of zebra you serve best.

It Reduces Confusion

  • If you aren’t crystal clear on what you are looking for and what you are NOT looking for, your advocates might make an introduction for you, only to find out you can’t help the person they introduced. When working with introduction partners, tell them, “This is what type of business I’m looking for.” “Of equal importance, I really can’t help these types of businesses… and here’s why.” That brings clarity to the conversation.

It Reduces Your Opportunity Cost

  • Your opportunity cost is simply this: if you called on Company ABC, that means you aren’t working on Company XYZ. Your opportunity cost is what you aren’t working on that may offer more value to you and your organization.

If you know what you don’t want and the reasons why, it will likely reduce the quantity of opportunities in your pipeline, but the quality will increase dramatically. Once your expertise, personal brand, and zebra are clearly defined, your ability to find and win business will improve dramatically.


 

Building a High-Performance Sales Team

Posted by Tony Cole on Fri, Oct 11, 2024

When asked, most sales managers say that one of their greatest challenges is their ability to motivate salespeople. If a sales manager can figure out what makes their salespeople “tick,” they can help them hit their goal numbers. Motivation seems like hard work because nearly every salesperson values different things. However, there are several steps a sales manager can take to establish a motivating environment for salespeople in order to build a high-performance sales team.

The first step is to recognize that motivation is an “inside-out” job. When the topic of motivation is discussed, we typically think about incentive compensation, sales contests, and recognition programs. All of these certainly encourage sales teams to focus on selling because they are rewards. However, you will gain true engagement and enthusiasm if you create an everyday environment that encourages each individual to identify and visualize their own internal motivation.

Do you remember Maslow’s Hierarchy of Needs pyramid? The bottom two largest tiers are Physiological and Safety because these are the most basic needs of every individual, including salespeople who are starting at the bottom and working their way up to self-actualization. They must first have income for food, shelter, safety, etc. Only once they have attained all of these basic necessities can they turn their attention to the higher tiers of Love/Self-Belonging, Esteem, and Self-Actualization. This still holds true and is an important concept in building a high-performance sales team!

To put it another way, salespeople do not care about corporate shareholder value unless they are shareholders themselves. What they care about is food, shelter, clothing, recognition, paying for college education or weddings, saving for retirement, etc. These are personal desires and make up the vast majority of things that are important to people. So, the solution is to create an environment where this internal motivation can take place. (See The Dream Manager book by Matthew Kelly.)

Creating a Culture of Goal Setting and Recognition

This means that it is up to you to help your salespeople identify what is important to them. Make the effort to set up time off-site that is dedicated to planning and spend time developing each individual’s dreams and goals. This is time that you will spend on your business instead of in it. Take a day or two to help you and your team take a giant step forward to plan for the future and help them achieve their personal best performance.

Create a process where people can establish personal goals because this is where the motivation comes from. This is also where the passion and desire come from. Hence, this is where the business plan must come from. Very few companies spend time understanding the personal goals of their people, yet they are the basis for any salesperson achieving their goals.

You might position this as though you are the coach and the salespeople are players on a competitive team. Each of you has a part to play so that the whole team wins. Salespeople will usually understand and relate to this because they are competitive by nature. If someone does not get this, they may not be suited for selling. Selling requires desire, commitment, and a need to win.

Create an environment where people get a chance to unplug and sit down to outline their goals and dreams, and establish timeframes, attaching financial values to these items. Once you have attached financial values, you know what level of prospecting and selling activity is necessary for each salesperson. You will also have a much better idea of what realistic standards look like.

Reward yourself and your salespeople when they achieve success. So, as your people go through and identify their goals, and as you sit down as an individual salesperson to identify your goals, be sure to identify how you will reward yourself when you achieve them.

In some ways, salespeople are like kids in that they want to be recognized for their successes. In almost every home in America, we have a kid’s Hall of Fame, otherwise known as the refrigerator door. Every time one of the kids does something great, they come home through the door and look for attention: “Look at this. Look at my art. Look at the A on my science test.” And what do we do? We put their success on the refrigerator door, where everyone can be reminded of this accomplishment.

Somewhere, you will want to create a theoretical refrigerator door for your salespeople to recognize their successes. A visual reminder, even a poster board with a graph and names that is posted where all can see, is a great way to keep everyone motivated and to reward those who deserve recognition.

A good sales manager will also have a system for helping a salesperson get back on track and correct problems that have led to failure. For instance, you must have a conversation with Jane, who did not reach her prospecting goal for the month. You will ask her, “How important is it for you to succeed?” “What do you need to do to fix this problem?” “What kind of process or program could you put in place to get on track to succeed?”

Assuming that Jane has desire and indicates she is willing to do the work, you will say, “OK. This is what we are going to do. Every Thursday at 10 a.m. for the next four weeks, I am going to come to your office and listen to you make prospecting phone calls.” Then, you must follow through each week. This is the kind of discipline and structure that will get Jane back on the road to success. This is also the kind of hands-on coaching necessary for building a high-performance sales team.

Read more in our free eBook - The Extraordinary Sales Manager!

 


 

Topics: Sales Plan, building a high-performance sales team

The Rules of the Game for Baseball & Selling

Posted by Tony Cole on Fri, Aug 30, 2024

In 2005, I read Dave Kurlan’s book Baseline Selling. Dave took the fundamentals of effective selling and used the baseball diamond and baseball terminology to explain his sales process. Baseball today is essentially the same game that was formalized in New York around 1840, but we know that selling has changed considerably. The baseball analogy is a strong one for developing a milestone-centric sales process with your team. Top producers always follow a consistent process, which is why their pipeline is not full of strikeouts. They are skilled at asking the right questions early in the game to determine if their suspect is truly a prospect, and they only advance them if they qualify to go to second base in the sales process. Here are a few additional tips to help your salespeople drive more home runs.

The Rules of the Game for Your Sales Team

  1. Take batting practice every day – Practice that first call, how to overcome objections, how to uncover the decision-making process. In other words, pre-call plan.

  2. Take what the pitcher gives you – Focus on the problem your prospect needs to solve and ask lots of questions. Leave your product briefcase and brochures in the car.

  3. Swing at YOUR pitch – Just like a batter faces lots of pitches and only a few are ones they can really connect with, you will face many prospects, but only work with those you can truly help.

  4. Take it base by base – When the 1st base coach is waving for you to keep going, go to second base. When you find out that your prospect has a “must-fix” problem, that doesn’t mean you should try to steal home. Go to second and make sure they have the money to fix the problem. Go to third to make sure they are committed to investing the time, money, or resources to fix the problem. Before you head for home, ensure you can score when you get there – and that means the prospect is committed to making a decision.

  5. Shake it off – In the first inning, you might strike out, hit into a double play, walk to first, get hit by a pitch, or get stranded on first. You have to shake all of that off because you have 8 more innings to play. Our sales evaluation calls this handling rejection. Anything can happen as long as you keep going and getting at-bats.

In the end, selling is not for the faint of heart, nor is coaching. You and your team will withstand lots of pressure, demands, prospects who are not completely honest with you, rejection, and competition. Follow a sales process, love the process, and the process will love you back.

Topics: Selling, Sales Training, sales training tips


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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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