ACTG Sales Management Blog

Sales & Sales Management Expertise Blog  

The Importance of Goal Setting & Motivation in Sales

Posted by Tony Cole on Fri, Oct 29, 2021

Goal setting and effectively motivating salespeople by identifying what's important to them is one of the primary focuses in our Sales Management training.

In this blog, we discuss the several steps a sales manager can take to establish a motivating, inspiring environment for their people.

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Goal Setting & Motivation in Sales

When asked, most sales managers say that one of their greatest challenges is their ability to motivate and set goals for their salespeople. If a sales manager can figure out what makes his people “tick”, he can better help them hit their goal numbers. Sales motivation seems like hard work because salespeople often value different things. There are, however, several steps a sales manager can take to establish a motivating environment. 

How to Keep Your Sales Team Motivated

The first step to keeping your sales team motivated 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 generating new business because these are rewards. However, you will gain true engagement and enthusiasm if you create an everyday environment that encourages each individual to identify and visualize his own internal motivation.

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 wedding, buying a vacation home, 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 Michael Kelly.

How to Set Goals for Sales People

The next step to goal setting and motivation is 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 and they will spend ON your business instead of in it.

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How to Create a Process for Your Salespeople

Create a process where people can establish personal goals because this is where true motivation, passion, and desire are born. Hence, it is from this process that each salesperson’s business plan must evolve.

You might position this process as though you are the coach and the salespeople are players on a competitive baseball team. Each of you has a part to play so that the whole team wins. When someone objects to the dream building exercises by saying something like “You are just going to provide a goal for me anyway so why do I have to do this?”, tell him that, as with a baseball team, each player must excel at his job so that the team can win and go to play-offs.

Salespeople will understand this. If someone does not get this, he or she may not be suited for selling. Selling requires desire, commitment, and a need to win. Selling is a competition.

Create an environment where people get a chance to unplug, sit down and outline their goals and dreams; a time when both of you can establish timeframes and attach financial values to these items. Once you have attached financial values, you will know what level of prospecting and selling activity is necessary for each salesperson.

Reward yourself and your people when they have a success. At our company, we hung a big bell in the hallway that we ring every time we bring in a new relationship. It is LOUD and that is just the way we want it! As your people go through this process and identify their goals; as you sit down and establish your own personal goals, be sure to specify how you will reward and recognize your people as each of them achieve these goals.

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Topics: Sales Management Training, motivating salespeople, professional sales training

3 Keys to Professional Sales Training

Posted by Jeni Wehrmeyer on Thu, Oct 21, 2021

In my 40+ years in and around sales training, I have experienced many different sales training methodologies either as a participant or facilitator and now as a marketer.

There are many good training programs out there, some of them free and virtual, but there are three key things that differentiate professional sales training that will "stick".

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Professional Sales Training Tips

Professional sales training begins with the most basic of skills. Professional sales reps are trained to establish relationships, listen attentively and ask good questions that allow them to understand their customers' needs. Professional salespeople tend to be very personable, enthusiastic, and empathetic.

When hiring new sales representatives it is important for companies to provide effective training programs.  Here at Anthony Cole Training Group, we offer online sales training courses and a suite of sales training programs that can help grow and scale your sales team's operations.

 

#1 Systems

First, it must be systematic.

Any organization (including ours!) can come in and do a keynote or workshop and address a sales or sales management skill to get your team revved up.

But that approach is short-lived, and while your salespeople may get something out of it, they likely will not change sales behavior long term.

Professional sales training that has an impact must have a process.

For example, if your company needs to find more leads, create more outreaches and prospects, then you must implement a system to introduce desired behaviors, coach to improve skills, and inspect activity.

In our organization (we call our prospect's "ducks") we have a goal and track how many duck calls and appointments we have daily, weekly, and monthly.

Our CGO then coaches to that behavior using weekly huddles and 1-on-1 coaching time.

The duck tracking is shared with the entire sales and management team so that all activity is transparent.

Without a doubt, when we implement, coach, and track this activity, our pipeline of qualified prospects goes up.

 

#2 Customizable

The second key is that effective professional sales training is customized.

You can certainly learn some basic sales skills from a one-size-fits-all selling system, but today's buyer is informed and more sophisticated.

Today, salespeople must be more consultative, starting with a deeper understanding of their prospect’s business, their concerns, and what is getting in the way of their growth.

So professional sales training is most effective when it addresses the nuances of certain industries.

For example, we work with many community banks so we must understand that many banks are dealing with compressed margins, are flush with deposits, and must attract loan portfolios to maintain profits.

When we understand what is driving the business, we can ask the right questions to understand what is on the hearts and minds of our community bank CEOs.

That way we can better provide input and potential recommendations to help them.

If you are evaluating professional sales training, make sure it is customizable to your industry.

#3 Leadership

The third key to professional sales training is your leadership.

We have the benefit of working with a super-regional bank who, many years ago, told us about the money they had spent over the years on sales training, wasted.

They had determined that without top-level leadership, and skilled sales management, the sales training would not stick or change behavior.

Probably the most important key to professional sales training is that the Leader is involved, understands their role as steward, and inspector of adoption – we call this the Shadow of the Leader.

Starting with an evaluation to understand specific sales management skills, a professional sales training program should begin with sales managers, helping them with the essential skills of performance management, coaching, motivating, recruiting, and coaching an effective sales approach.

Once your organization has that in place, only then should you implement a sales training program.

Learn More About Our  Bank Sales Training Approach

 

If your company is looking for a team of certified sales coaches and trainers, contact us today to start perfecting your sales process.

Check out our related pages and see how we can help your sales team grow.

Sales management training

Our sales training approach 

Online sales resources

Topics: professional sales training, sales training programs, customized sales training

Sales Management Training: Coach Your People, They Want It!

Posted by Dan Fischer on Fri, Oct 15, 2021

Are you, as a sales leader, spending at least 50% of your time coaching your salespeople, helping them to develop their skills and become more productive?

It’s time to inspect your own behaviors as a coach and mentor. How do you measure up? Set time on your calendar right now for specific, sales skills coaching with your salespeople.

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Please allow me to be very direct (it’s the only way I know how) when I ask you this question: “Are you really coaching your people”? I mean, really digging in and coaching them? Are you spending at least 50% of your time holding your people accountable, and coaching? Isn’t your job as a sales leader to make your people wildly successful? More successful than they ever would have been had they not been coached by you? If your answers to those questions are “yes” … great, keep doing what you’re doing! If it took you a while to answer or your answers were “no”, it’s time to get to work with some specific sales management training around coaching.

Many sales leaders manage the activity of their people by looking at spreadsheets, activity reports, and pipelines. Does that make them a coach? I’m not diminishing the importance of managing activity but what I’m talking about is coaching the behaviors that will make your people better. These are the weekly standards (activity metrics) that need to be inspected; the little things that make the big things happen. Weekly metrics include:

  • Outreaches – phone calls and emails to prospects
  • Contacts – live conversations with decision-makers
  • Meetings Set – day and time set

There are two questions you must be able to answer when your boss asks:

  1. Why is one or more of your people failing?
  2. What are you doing about it?

Your answers cannot be, “I don’t know”, or “let me go check”. You must know the answers. How can you answer those questions if you’re not holding your people accountable?

2 other questions you need to ask yourself:

  1. Did we hire them that way?
  2. Or, has my lack of coaching made them that way?

I’m not talking about getting all over your people…or embarrassing your people. I’m talking about helping your people!

Your job as a sales leader is to help your people get better, challenge their thinking, and help them grow and practice with them to develop their skills so they are more productive for your organization and they are able to reach their personal goals. Many sales leaders do not see the need for sales management training. It’s time to inspect your own behaviors as a coach and mentor. How do you measure up? Set time on your calendar right now for specific, sales skills coaching with your salespeople.

No doubt, you have a very challenging job. You have a lot on your plate with lots of responsibilities. But, always remember that your #1 job is to coach and make your people wildly successful.

Download our Free  9 Keys to Successful Coaching eBook

Topics: effective sales coaching, sales management skills, Sales Management Training

Don't Dream It's Over: 1 of the Biggest Sales Challenges

Posted by Mark Trinkle on Thu, Oct 07, 2021

One of the most frequently asked questions we receive is “how do I/we increase sales” or “how do I become more successful in sales?” It starts with recognizing when your pursuit of a prospect is over.

In this blog, the two fundamental truths of more effective selling.

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If you are a consistent reader of this blog (and why wouldn’t you be), you know by now that I have an affinity for music. You also know that my favorite decade of my life was the 80’s. And when those two things intersect, watch out!

Considered by some to be a one-hit-wonder, the Australian band Crowded House got to #2 on the Billboard Hot 100 when they released “Don’t Dream It’s Over” in 1986.  

“Hey now, hey now
Don’t dream it’s over.”

So, let’s apply that majestic ballad to salespeople and the one thing above all things that they struggle with the most. That’s right, recognizing that their pursuit of a prospect is over (even when the prospect hasn’t told them in those exact words). Many salespeople can’t even begin to think that it’s over. Most don’t want to entertain the possibility. 

So, the question before us today is simple – why? I mean, it’s not like it has not happened to them before.

One of the most frequently asked questions we receive is “how do I/we increase sales” or we are asked, “how do I become more successful in sales?” And the best answer I have is that you get better when you recognize two fundamental truths:

  1. You are going to lose more often than you win.
  2. When you are going to lose, you want to lose early.

Have you ever stopped to consider what your “pull-through rate” looks like? We use that term to explain a simple algebra equation:

Number of new clients / Number of initial sales conversations = pull-through rate 

If you have 100 initial sales conversations (or go on 100 prospect calls) in a year, and you wind up with 15 new clients, then your pull-through percentage is 15/100 or 15%. So, if that is your pull-through rate, don’t you think you should go on your calls with a bias for disqualification? Statistically, there is a far greater chance of you not doing business with a prospect than there is a chance that you will do business with them.

Stop dreaming and start asking questions. Ask questions that allow you to confirm that your prospect has a problem they have to fix and that now is the time to fix it. Operate with a bias for disqualification so you are not so surprised when the conclusion is that now is the time for you to move on. No is ok provided you hear it at the right time in your sales process.

Sweet dreams.

Need Help?  Check Out Our  Sales Growth Coaching Program!

Topics: Questions for Prospects, qualifying sales prospects, sales challenges

Why Companies Struggle with Hiring Quality Salespeople

Posted by Tony Cole on Thu, Sep 30, 2021

Finding and putting the best people in the right seats is the biggest problem identified by most business owners, especially as it applies to critical sales roles.

Here are the 5 most common reasons most companies struggle with hiring quality salespeople.

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#1 Companies outsource their recruiting and the responsibility. Recruiting is something that a company has to own. They can no longer outsource the work and the responsibility. That makes it too easy for people internally to throw up their hands and transfer failures associated with the hiring process to the outsourced firm. If companies are going to improve the quality of their hires, they have to own the process.

#2 There is a lack of a consistent process for constantly searching. Most, if not all, companies make the mistake of looking for candidates only when they have an opening. This leads to many problems:

  • Being held hostage by salespeople with “large books”. Companies feel they cannot do anything about them for fear of losing the “books” since there aren’t any replacements.
  • Feeling desperate to fill a chair with a warm bottom when there is a vacancy. A body,
    anybody is better than no one sitting in the chair (branch).
  • Not replacing underperformers because there isn’t a pipeline of candidates to choose from. The underperformers stay around too long; others know it and realize that they don’t have to perform to keep their job, so overall team production continues to decline.

#3 Companies are not getting quality candidates entering the process. The traditional model of recruiting today is one where the placement firm tries to convince its client why a candidate should be hired. Companies should, on the other hand, work extremely hard to disqualify candidates because there are specific skills that apply for that sales job and many/most candidates do not have those skills. Bottom line, the company has to assess at least two things: 1) Do they have enough of the right strengths to be successful? 2) Will they sell versus can they sell?

#4 There is poor communication about the specific role and expectations of this new hire. Too often, everyone is so excited about putting the deal together (getting the seat filled) that no one takes the time to get into the details of the day-to-day requirements of the job. This leads to early misunderstandings about the role and eventually, failure on the part of the new hire to meet the expectations of the company. Failure to “negotiate on the 1st tee” leads to misunderstanding and failure to execute on the sales goals.

#5 The onboarding process is inadequate. Most companies are ill-equipped to effectively onboard new salespeople. They spend time introducing them to the “culture” of the operation, the mechanics of the job, and how to get things done. They introduce them to HR, their support team, marketing, and their partners. And, yes, there is a discussion about goals, sales activities, and how to enter data into CRM. And then… the new hires are on their own.

Companies think that they have hired their next sales superstar and then, 12 months later, they cannot figure out what went wrong. They look at the numbers and discover that the new hires are producing “just like everyone else in the middle of the pack.” The process most companies have in place currently to recruit and hire salespeople perpetuates this problem.

Click Here for Additional Hiring Tools!

Topics: hire better salespeople, key to successful hiring, sales onboarding


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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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