ACTG Sales Management Blog

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Tony Cole

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Uncover Sales DNA Upfront and Generate Greater Success When Hiring

Posted by Tony Cole on Thu, Jan 21, 2021

In the 3rd article of our series Hiring No Assembly Required Salespeople, we cover the Sales DNA competencies a successful candidate must have and how to identify these traits prior to making a hiring decision.

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If you’ve been in sales management, hiring, or skill development for any length of time, you have experienced a “Groundhog Day” in sales. In the movie, starring Bill Murray and Andi MacDowell, Bill’s character wakes up every morning to the same day, doing the same things and having the same experiences. He eventually figures out how to get out of the re-cycling of Groundhog Day.

 

Can you relate?

 

How many times in a week or month do you find yourself covering the same tactics, talk tracks, and opportunity development strategies? As the late Andy Rooney of 60 Minutes would ask, “Did you ever wonder why”? Wonder no longer.

Trial the Highly-Predictive  Pre-Hire Sales Assessment

If the Will to Sell is the fuel (see the second article in our series), then the Sales DNA (audio explanation of Sales DNA) acts either as friction that stops/slows your sales vehicle or as a superset of tires that smooths the road and improves performance.

 

 

Looking at the chart, you can see this candidate is “supercharged” based on the green markers. No assembly is required here. The questions now become:

  • As of today, are you looking for this data before hiring?
  • If a candidate has weak Sales DNA, but you decide to hire them, how do you train and improve the root causes or drivers of sales outcomes?
  • Do you have the capacity to address these competencies?
  • How is your current vetting process uncovering sales-specific behaviors and beliefs?
  • If you are not using any assessment, how would you know if your candidate is weak or strong in these areas?
  • Suppose you could hire the candidate assessed above vs. the candidate you see below?

Stop taking chances with your new hire investment. Start taking an extra step-up front to identify if the candidate you are talking to has what it takes to become part of the top 10% of your sales company.

Let's discuss changing your hiring success to 92% positive predictive validity! Email me at tony@anthonycoletraining.com, provide your name and subject line "Hire Better".

Click Here for Additional Hiring Tools!

Topics: successful hiring, Sales DNA, increase sales, hire better salespeople, effective sales management, will to sell

Recruiting, Hiring and Onboarding Salespeople: It's in the Details

Posted by Tony Cole on Thu, Jan 14, 2021

In our first blog on How to Hire No Assembly Required Salespeople series, we discussed the four critical steps you must take to minimize hiring mistakes and identify top talent.

In this article, we cover critical selling competencies you must look for when sourcing and interviewing salespeople for your organization.

Indeed produces a series of ads on the radio discussing the value of their recruiting business solution. During the ad, the narrator describes the process as: “looking for a needle in a haystack.” Webster.com defines it as someone or something exceedingly difficult to find. E.g., Searching for an earring at the park is like looking for a needle in a haystack.

Suppose you find a needle and it’s the wrong needle?

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Not all needles are appropriate for every job. The same is true for salespeople. 

Unfortunately, when companies recruit salespeople, those responsible for profiling, attracting, vetting, interviewing, assessing, and eventually hiring and onboarding, fail to take the time to get the first step right.

Step #1: Know exactly what you are looking for

The primary criteria you should use to define the role/opportunity is: “Someone that will sell vs. someone that has sold or can sell.” The components of Will to Sell, as defined by the worlds #1 Sales Evaluation by The Objective Management Group Sales Assessment, are:

  • Desire
  • Commitment
  • Outlook
  • Motivation
  • Responsibility

Trial the Highly-Predictive  Pre-Hire Sales Assessment

Dave Kurlan and his team have evaluated over 2,000,000 salespeople from over 25,000 different companies. The assessment they have created has a 92.5% predictive validity. The findings indicate that if a candidate does not score well in the Will to Sell then they are less likely to:

  • Succeed compared to those that score well
  • Be coachable and trainable
  • Have the longevity needed to reach profitability

Let's look at the graphic to the left. This is what you should be looking for first and foremost when hiring a “no assembly required” candidate! The Will to Sell is the fuel that drives the engine of a successful salesperson.

For this article, let’s assume that green is good and red is bad. If you knew nothing else about a candidate other than what you see in this chart, what do you know based on the colors? That’s right. This candidate has a strong desire and commitment to be successful in selling, they have a great outlook no matter what, they own their sales outcomes and personal goals, and they have strong motivation.

I assure you that you won’t find this information in the resume, the job application, or during your interview process. Why? Because:

  • A candidate will not admit they are weak in desire and commitment
  • They will not tell you that they make excuses
  • Those responsible for hiring are not asking questions about what motivates them
  • The candidate has one job when they talk to you over coffee or when they show up for the interview – convince you they are the best thing since sliced bread!

Based on the graphic to the right, an example of a candidate with weak Will to Sell competencies, the question I always ask is: how soon would you want to know this information? The answer is as soon as possible.

 

Better yet, how about before you hire them?

 

Let us add another question: when you hire a candidate that has this level of Will to Sell, when do you typically find out? Typically:

  • The first 90 days post-hire
  • Within the first 6 months of employment
  • After they have failed to meet validation requirements
  • When you start having discussions about performance improvement

 

The real answer is when it’s too late and expensive. This first step in your recruiting process is critical. I assure you that if you evaluate your team by doing an Ideal Fit, you would see that your top people, as well as some of your bottom, have a very strong Will to Sell.

 

If that is the case, then why do salespeople with a strong Will to Sell still fail? Stay tuned for part 3 in our series on the impact of Sale DNA.

Click Here for Additional Hiring Tools!

Topics: hiring better sales people, increase sales, onboarding sales people, top sales performers

4 steps to Hiring "No Assembly Required" Salesperson

Posted by Tony Cole on Thu, Jan 07, 2021

Hiring sales talent is often a costly, difficult, and time-consuming task. However, it's mandatory in order to grow an organization and sales team.

In this blog, we discuss how to identify top talent and minimize hiring mistakes by following a 4 step process.

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Hiring mistakes are expensive. Before we dive further into this topic, let's consider the following:

  • According to the Department of Labor, the cost of a bad hire can be as high as 30% of first-year earnings
  • Additionally, the CEO of Link Humans estimated the average cost to be as high as $240,000 plus expenses
  • A study of CFOs said that not only do bad hires cost them productivity, but managers spend 17% of their time supervising underperforming employees
  • Lastly, CareerBuilder reports that 74% of employers state they hired the wrong person for the job

If you have a salesforce of 25 people and 20% of your new hires fail due to lack of performance, the cost can be $100,000.00+. In a conversation with Roy Riley, President of Peel and Holland Insurance Agency, he stated that hiring mistakes are a 2-comma problem.

 

Maybe you are part of the 26% that have not admitted to making hiring mistakes. Perhaps a better piece to read would be this article, What Elite Salespeople Do Better, by David Kurlan.

 

Otherwise, here are four steps that, if followed and executed effectively, will cause you great excitement, create a more positive impact on revenue from new hires and drive a more profitable margin for your business.

Trial the Highly-Predictive  Pre-Hire Sales Assessment

Step #1: Hire for Will to Sell rather than Can Sell  

Most personality evaluations will tell you if a candidate has the personality traits consistent with successful salespeople. This information will tell you about characteristics like building relationships, being solution orientation, etc. 

What you want to know is their:

  • Desire and commitment to be successful specifically in selling
  • Ownership of outcomes
  • Motivation to succeed (specifically what motivates them)
  • Outlook when things aren’t going well

 

Step #2: Hire those that are big, fast, and strong

In other words, hire for specific sales DNA such as:

  • Ability to Recover from rejection
  • Beliefs about selling that support success in sales
  • Not inhibited by their own need for approval
  • Comfort asking about and discussing money
  • Can overcome their own buying beliefs so that they can execute a milestone centric sales approach

 

Step #3: Always be prospecting 

100% of the time, when I ask if a company is pro-active or re-active in their recruiting, they will tell me re-active. Yes, they go into the market and talk to candidates. But hiring people when they don't need them or hiring people that they can’t afford are not consistent traits. Here are my recommendations:

  • Schedule at least 20% of your time to focus on prospecting new sales candidates
  • Have a system in your organization where key people are responsible for setting prospecting activity goals and asking for introductions to other talented salespeople
  • Report recruiting activity just like you ask your salespeople to report sales activity in huddles or sales meetings

 

Step #4: Eliminate variability in the performance of your recruiting process

Too often, companies with a large footprint allow market executives to sway from the recruiting processes established by Human Resources. Companies assume that the local executive needs to have the flexibility to maximize the recruiting opportunities specific to their area. Which is causing ineffective results. Instead:

  • All job attraction posts must work from the same format
  • The first step is always to evaluate the potential candidate using a sales-specific skills assessment
  • The next step is to do a 5-10 phone interview (unless phone skills are not important)
  • The initial interview must operate like an audition
  • Use scorecards for the assessment, phone interview, and initial interview so that decisions to move forward are objective
  • Provide the next person in the selection process an interview guide with key focus points
  • Make offers to only those candidates that are committed to making a transformational career change
  • Prepare candidates to decide at the time of the offer by eliminating think it overs after you present your offer
  • Confirm with the candidate that they are prepared to go through your 3-to-6-month onboarding process in its entirety. No Exceptions.

 

In the next article, I will go through the steps and provide some more detail about each, and share with you how data can help you select candidates so that you can improve your success rate to 92% and grow your business!

Click Here for Additional Hiring Tools!

Topics: cost of hiring mistakes, hiring salespeople, key to successful hiring, sales onboarding, hiring top salespeople

Increasing Sales: The G2 Formula

Posted by Tony Cole on Wed, Dec 30, 2020

Lots of people talk about goals and having a plan to achieve said goals. And there is lots of information out there about how important it is to have an tracking system in place to make sure you execute your plan effectively. But what about the GRIND required to increase sales and achieve success?

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There is a sales production target out there – somewhere. It’s different for every person and every organization but it’s out there. And for every person and every organization there is the actual sales production result that is being achieved today. That is the Sales Opportunity Gap. 

The Objective Management Group Sales Effectiveness and Improvement Analysis is the guide that makes you the hero to close the sales growth opportunity gap. The findings in this analysis clearly lays out the current status of the sales team in these areas:

  • Will to Sell and Will to Manage Sales
  • Sales DNA, Sales Management DNA
  • Sales and Sales Management skills
  • Systems and processes that support sales growth
  • And more

These items are critical to understand if you ever hope to strategically and intentionally grow sales in your organization (or for yourself).

But this alone is not enough. Goals and Grind are also 2 requirements to get you from where you are to where you could be.

I'm reading Bob Rotello’s “How Champions Think in Sports and In Life”. I am in the middle of the chapter: Goals, Plans and Process. Lots of people talk about goals, goals setting and having a plan to achieve said goals. And there is lots of information out there about how important it is to have an accountability system in place to make sure you execute the plan. But the thing that struck me about Bob’s chapter is the discussion about the GRIND.

GRIND: it’s not talked about enough when it comes to discussing how to achieve a goal. The grind is the day-in and day-out stuff that you have to do to leverage your natural talents. The grind is the hard stuff, the stuff where we have a tendency to procrastinate.

So, what’s the grind in Sales?

  • Making the prospecting effort on a consistent basis
  • Pre and post call sessions
  • Practicing your sales skills
  • Inputting data in your CRM
  • Going to sales meetings
  • Having 1-on-1 coaching sessions with your manager

This is the grind. This is the stuff day-in and day-out that, when executed properly, leads you to your definition of success. This is what leads you to accomplishing your goal. Without the grind your goal is just a dream.

Need Help?  Check Out Our  Sales Growth Coaching Program!

Topics: reaching sales goals, sales prospecting, sales goals, increase sales, prospect outreach

Success in Selling: The 5 Myths

Posted by Tony Cole on Thu, Dec 10, 2020

Selling is hard. Especially with the easy access prospects have to critical decision-making information. However, the struggle often begins with how and what we think.

In this blog, Tony discusses the personal beliefs and myths that often get in the way of a sales persons ability to see greater overall success. 

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There are no secrets in sales! The internet and the digital world have pretty much eliminated any secrets to success in sales, and how to do almost anything else. All you need is a mobile device with access to the internet, and you can find just about anything you want to know.

With facts and strategies being so readily available, why do most salespeople (about 80%) still struggle to be successful? A lot of it has to do with beliefs and myths. What about you? Do you accept any outdated myths as facts? Some may include:

  1. People only use 10% of their brains
  2. There is a dark side of the moon
  3. Behavior is affected by the full moon
  4. Sugar makes children hyperactive
  5. Lightning never strikes the same place twice

So what is the best method to move past the myth and see success? It starts by getting to the root cause of the problem.

As many of you know, Anthony Cole Training Group has specialized in providing specialized sales growth solutions for banking, investment advisory, and insurance. Primarily, those growth solutions include:

  1. Hiring better salespeople
  2. Executing an effective sales process
  3. Sales Management training

During our years of developing and delivering content to hundreds of sales organizations, we have used the #1 sales assessment tool on the planet. Not only is the accuracy of the sales inventory assessment tool unbelievable, but the Sales Effectiveness and Impact Analysis have been a game-changer. One of the most compelling segments revealed in the assessments is about personal beliefs. Each of us has personal beliefs that dictate our behaviors and thus determines our outcomes. This holds true for all areas - sales, sales management, and sales leadership. Whether aware or not, we all have beliefs about what we do that impacts our opportunity for success. 

Trial the Highly-Predictive  Pre-Hire Sales Assessment

5 MYTHS MOST SALESPEOPLE BELIEVE

Here are the myths that many salespeople believe to be fact:

  1. People buy from people they like. Now, you may have purchased something from someone that you like, but that didn’t drive your decision. What drove your decision was your confidence and trust in the person, the product, and the company behind the product.
  2. People make buying decisions based on price. Staying with you and your purchasing habits for a second, let’s talk automobiles. According to MotorTrend, the cheapest car available today is the Chevrolet Spark with a base price of $14,095. If you own one, then you are a rare breed. The volume of sales of this vehicle in 2019 was only .75% of all vehicles sold in the U.S. If people only bought the lowest priced item, this would not be the case.
  3. Closing skills are the most important. This might be surprising to you, but in the last three studies I conducted in the banking segment, the top 33% of bankers, wealth managers, and private bankers who severely lack closing skills still led their teams in sales.
  4. The customer is always right. That is not the case. Due to information access, they're more educated regarding product knowledge, availability, options, and pricing but to assume they are right about everything is incorrect. However, this in and of itself is not the problem. The problem is this; if salespeople believe this, then they will never be gutsy enough to execute the challenger sale, the value-based selling system, the SPIN System, or our Effective Selling System.
  5. Prospects are always honest. 95% of respondents in all of our studies believe prospects are honest. That is until we conduct our first meeting with our clients and go through the process that buyers go through when executing their buying process. If a prospect were completely honest, they would tell the insurance agent who cold-called them that they got a renewal that is too high, and they want some competitive bids to keep the incumbent honest. We all know that doesn’t happen!

TRAINING ALONE DOES NOT GET LASTING RESULTS

Time and again, companies spend money on sales training to introduce them to a new:

  • sales language
  • sales approach
  • prospecting method
  • time management process
  • cross-selling strategy

What happens is that the company spends a lot of time, money, and effort, and yet, at the end of the event or training, they cannot point to any discernable difference in outcomes. Behaviors stay the same, problems that existed before are still there, effort changes for a while but soon returns to pre-training levels and salespeople still blame the economy, the company, or the competition for lack of success.

Top people are still performing at the top, people in the middle of your sales bell curve are maintaining, and your bottom 20% are not performing any better than the bottom 20% you had the year before. Why? Because the root problems associated with these beliefs were never uncovered.

For you, your team, and your organization to see greater success, it's critical to identify, address, and build strategies to overcome the myths or beliefs that are hindering personal growth.

Need Help?  Check Out Our  Sales Growth Coaching Program!

Topics: sales succes, improving sales results, increase sales, key to successful hiring, sales performance 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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