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How Do I Hire a Sales All-Star?

Posted by Tony Cole on Mon, Jun 17, 2019

Hiring an elite salesperson is tough work.  It's not easy to find a sales all-star and it's even harder to keep them on board if you do hire them.  

In this article, we provide 8 reasons why hiring elite salespeople is difficult and the exact steps needed to hire them in your organization.

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8 Reasons Why Hiring Elite Salespeople is Difficult:

  1. It's hard to find qualified candidates - only 7% of salespeople fall into the “elite” category (What elite sales people do differently)
  2. You have other responsibilities
  3. If things are “okay”, you don’t look for someone… until you have an opening and then you feel desperate to fill the seat
  4. Elite sales professionals – those with excellent sales skills – often are not actively looking for new jobs
  5. The resumes all look the same
  6. Personality and behavioral tests tell you how they like to be managed but don’t have any predictive validity for sales success
  7. Your HR (talent-acquisition partners) really don’t understand why hiring salespeople is different than hiring anyone else for a company
  8. It’s not your go-to skill set.

how to hire top salespeople

Step 1: Make sure you know and identify exactly what sales skills make your elite salespeople ELITE salespeople. 

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We just completed a Sales Effectiveness and Improvement Analysis (SEIA) for the private banking segment of a regional bank.  This is what we know separates the top performers from the bottom performers:

Distinguishing skills and sales traits of top performers

  • Hunter
  • Possess over 50% of required sales skills
  • Strong at getting introductions
  • Get past gate keepers
  • Maintain a full pipeline (convert activity – prospecting – into opportunities)
  • Reach decision makers
  • Develop trust and confidence early in the relationship
  • Present product proposal at the appropriate time
  • Keep prospects from buying too early in the process
  • Not reliant on ‘”educating” the prospect or presenting to get the business
  • Love competing against others

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We evaluate over 125 different data points when using a pre-hire sales skills inventory assessment and what we have found over the years is that there are usually between 20 and 30 variables that separate the best from the rest. THIS is the first step in making sure you are interviewing candidates with sales skills needed to succeed in your organization.

 

Step 2:  Interview for fundamental skillsOnce you’ve received an application or some notice of interest in your available career opportunity, you send the candidate a notice letting them know you’ve received their information and that, in order to move forward in the process, two steps will take place:

  1. They will be asked to complete the online sales skills inventory assessment.
  2. If the assessment findings indicate that their sales skills match what you are looking for, then a 10-minute phone interview will take place.

 

Why The Phone Interview

At Hire Better Sales People (White Paper), this is the beginning of Step #2.  In the 23 years of our sales consulting practice, I cannot recall a single client where phone skills were NOT critical to the success of the salespeople being hired.  With that in mind, it stands to reason that the first thing you should look/screen for are their phone skills.  Most of the time, our clients outsource that to us. The reasons for that are:

  • Consistency
  • Lack of a bias towards any candidate

In the phone interview, you want to make sure that this person can conduct themselves on the phone like you would expect them to when talking to prospects.  In order to do that, you must create a similar environment that the candidate will have to react to: 

  • No bonding and rapport done by the interviewer
  • Create time pressure so that they have to react and attempt to take control of the phone call
  • Challenge them on their answers to questions (certainly, prospects will ask them questions on the phone – wouldn’t you want to know how well they react as well as what they say?)
  • Let them know that you will be making a decision about who will go on to the interview step and see if the candidate attempts to “close” for that opportunity. If they fail to close for the next step, they will probably fail to close a prospect for an appointment.

 

Step #3 – Use the data from the resume, the application and the pre-hire skills assessment.

Top salespeople hunt for opportunities, reach decision makers, quickly establish confidence and trust, love to compete against others, have strong desire and commitment to success in selling, take responsibility for outcomes, are highly motivated for success in sales, and have a high figure-it-out factor.  Here’s some ideas for assessing these traits in potential candidates:

  • Make the candidate bring their calendar for the next 30 days and make them count the number of new business appointments they have scheduled
  • Make them establish the bonding and rapport. Tell them to take a seat, tell them that you’ve scheduled 60 minutes, but it may only take 30, and see what they do next.  If bonding, rapport, confidence and trust are important, see what your candidates do to make that happen.
  • Ask about competitions they have won
  • Tell them to describe in detail situations where they did everything possible to succeed at something especially when they had to change, overcome a difficult challenge and they overcame despite terrific odds.
  • Ask them to tell you about a situation when they faced failure at accomplishing something personally or professionally. (Hint – they need to say “I failed…”)
  • Give them a test of any kind and see how long it takes for them to figure it out or…
  • Create a role-play scenario out of thin air, give them a couple of minutes to figure out how they want to go about the role -play and then role play.

There is certainly no guarantee for any new hire.  You still have to consider cultural and team fit.  Is there synergy between the new hire and the hiring manager?  How about their technical and professional credentials? 

We’re just talking about sales skills here, but, to be clear, it’s rare that someone fails to succeed in selling because they lacked the required technical or professional expertise for the field they were in.  Nope… people normally fail because they fail to generate sales!

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Topics: hiring, hiring better, hiring salespeople, find salespeople, hiring top salespeople

80/20 Prospecting Time

Posted by Jack Kasel on Thu, Jun 13, 2019

The most successful salespeople are always challenging and adapting their personal sales process to be more effective, but they don’t challenge the notion of the importance of making prospecting their A priority every week. 

They know that no matter how successful they are, if they don’t continue to add new relationships, that eventually, their business will decline. 

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As we think about all of the things as sales professionals we're supposed to do, it really comes down to three things to get paid: 

  • Find Opportunities
  • Qualify them
  • Get a decision . . . We love Yes’, but No’s are OKit’s all the stuff in the middle that bothers us.

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I want to focus on the first thing we get paid to do and that's to find opportunities.  There are many ways we can find opportunities; cold calls, drop in’s, direct marketing, social selling (LinkedIn and Twitter), getting introductions, etc. 

Although there are many ways we can prospect, some provide a higher return on the biggest investment we can make, and that’s our time.  In a previous blog, I tried to debunk the “time management” problem.  It isn’t a time management problem, it’s a priority management problem

As we focus on prospecting, the least return on our investment is cold calling.  For all the time you invest in cold calling, the actual return (speaking to a decision maker) is extremely low.  We know it’s a necessary evil, but not a permanent problem.  On the other hand, it is a proven fact, the highest return on our prospecting timeis in getting introductions.  

So here is what I would like you to consider:

  1. Time blocking
    • Do you have time set aside each week to prospect? If you don’t, you would be well-served to block time to prospect
  2. Allocate your time within the time block you’ve scheduled
    • If you have allocated an hour a day, my recommendation would be:
      • If you have allocated 15 minutes to cold call, you should be able to get 15 calls in within that time. If you call 15, you will probably speak with two people.  How long does it take to NOT talk to 13 people?  You can make a lot of calls in 15 minutes if you are focused.
      • 15 minutes for social selling to find introductions—maybe not sell, but find introduction opportunities.
        • LinkedIn, Twitter, Facebook, Blogging—whichever you are allowed to do within your work rules, do it on a regular basis.
      • 30 minutes on getting introductions
        • Calling people and saying “I’m looking to expand my base of contacts” Or “I’m looking to meet great people such as yourself, when can we get together to determine if we can help each other?”
        • Identify your 15 best clients and make it a goal to get three introductions from each of them. How much success would you have with 45 new names to call?

This is just a rough outline on what you can do but the big takeaways are this:

  1. Prioritize prospecting—make it a significant part of your week.
  2. Prioritize how you are prospecting—get introductions—it will provide the highest return on your time invested.

Someone needs what you do, so go find them and start prospecting today to find more of them!

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Topics: Prospecting, introductions, Cold Calling, selling and social media, time blocking, 80/20 Principle

Go for the “No” Early in the Sales Process

Posted by Tony Cole on Mon, Jun 10, 2019

 In this article, we discuss the theory that a prospect might want what you are selling, if you (as the salesperson) are willing to walk away from the table first.  It may sound counterintuitive but one of the keys for more effective selling is going for the ‘no’ early in the sales process. 

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I learned this concept years ago especially when I was vulnerable to Think it Overs’ (TIO). I would get ‘think it overs’ at several stages in the sales process and maybe you get them as well:

  • On the initial phone call when you’re trying to get an appointment – “Let me think it over, give me a call next week.
  • At the end of your initial meeting – “This sounds really good and something I should consider. Let me think it over and I’ll get back to you in the next couple of days.”
  • When you finish your presentation and you ask for the sale  “You made a very compelling presentation and we are impressed with your depth of knowledge and your very creative solutions to our problems. Let us meet as a group and go over this one more time and crunch some numbers.  Let’s plan on talking next week.

Sound familiar?

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Of course it does and these ‘think it overs’ are what is keeping you from being more effective in your sales process. That’s nice to know or consider but the question becomes, “What do I do about it?” (click here to listen to a 3-minute audio clip on eliminating TIO)

What is important to understand about getting ‘think it overs’ is the mindset of your potential buyer. Your potential buyer will tell you that they need to think it over because:

  • They really don’t intend on making any changes but you impressed them with some information that they want to take to their current provider and see if they can do what you can do.
  • They have a need for approval and instead of telling you they are not interested they want to let you down easy. Telling you they want to think it over gives you hope and get’s them off of the hook until the next time you talk.

To fix the problem, eliminate ‘think it over’ as an option. Let your prospect know that when you finish the next meeting, next conversation, the final presentation, they will have everything they need to make a decision. You can tell them that you will be prepared to answer all of their questions and when you are finished, they will be in a position to make a decision- yes or no. Then simply ask what objections they have to that process.

This one key will help you close more business, more quickly at higher margins.

For more tips on how to uncover a prospects real reason for wanting to 'TIO' watch our Sales Guy Unplugged video on the "Question Behind the Question".

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Topics: sales techniques, effective sales process, sales champion, think it overs, go for the no

Knock Knock…Is Your Prospect There?

Posted by Mark Trinkle on Fri, Jun 07, 2019

In today's world of selling, it is increasingly more difficult to get the attention of a prospective buyer after only a few outreach attempts. We know they're busy but let's face it, we're all busy. So, how do you stay consistent (and persistent) in your outreach with a prospect while remaining sensitive to their daily lives and the distractions they face?

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From the dawn of time until present day, it has always been a difficult task for salespeople to be able to reach the prospects they call and email each day. They call…and they email…and they keep following up, wondering if anybody will ever do one of two things:

  1. Answer the phone.
  2. Return a voicemail/reply to an email.

While certainly not a new development in selling, engaging with prospects has become increasingly and dramatically more difficult in the last 10 years.  If we go back to 2009, it took around 8-10 outreaches on average to engage with a prospect. In 2019, that number has risen to 16-18 attempts. Keep in in mind those are averages. Sometimes it takes even more attempts to get the prospect to pay attention to you.

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Recently I was leading a sales training workshop in Dallas and a high-ranking bank executive asked me why I thought the number of outreaches required had basically doubled in the last decade. In my judgment, there are three main reasons:

  1. Distraction: prospects are busier than ever before and are constantly battling the numerous distractions that come their way. Their mobile device buzzes and they have to look. The email notification on their computer sounds and they can’t resist. Some have estimated that the typical person picks up and puts down their mobile device between 600-700 times each day.
  2. Competition: there is more of it than ever before and it’s fiercer than ever.
  3. Commodity: the belief of the prospect that, in at least some industries, the vendor calling them and the vendor they currently use are essentially the same. The prospect just doesn’t see any meaningful difference. To them a bank is a bank. An insurance broker is an insurance broker. A technology provider is a technology provider.

Of these three reasons, #3 is the most concerning (or it should be). And here's why.  If you don’t differentiate yourself from your competition by providing value, your prospect will do the differentiating for you. But they won’t use a measuring stick of value. They will more often than not use a measuring stick of price.

Finally, here is another sobering statistic about the world of modern day selling. While the average number of attempts has increased to 16-18, most salespeople quit after less than 5 attempts. Maybe they think the prospect is being rude by not replying. Maybe they think that in the good old days people used to return calls. Regardless, the world has changed. Prospects are a hard fish to catch. 

You might need to be out there fishing just a bit longer than you would like.

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Topics: sales madness, contacting prospects, reaching prospects, phone calls, prospect engagement, prospect outreach

How to Find and Cultivate Prospects That Fit Your Business

Posted by Tony Cole on Mon, Jun 03, 2019

Today, our customers are bombarded with sales, marketing, and advertising pitches from companies all hoping to win their business. They’re overwhelmed, or, in most cases, they simply tune us out.

So, we try to reach as many potential customers as we can, but our salespeople spin their wheels and end up stuck in the same place, week after week, month after month, or year after year.

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The problem? We’re not sure who we’re trying to reach. Many of our potential customers view their time as their greatest, most valuable asset, and so should we. We can protect that asset by having a clear understanding of who our target customer is.

Identify What a Zebra is:

In order to hone that understanding, we have to begin with first identifying our “Zebra,” or our ideal prospect persona.

 We can do that in three easy steps:

  1. Begin by segmenting our business’s book into thirds. For most companies, that top third brings in 90% of the company’s revenue. They are generally the best clients.
  2. Look for common traits and demographics in that top third. Ask questions like:

·      What do these customers have in common?

·      What industry are they in?

·      Who is our main point of contact?

·      How do we contact them?

·      What is the size of their organization?

Having the answers to questions like these helps identify other potential customers in the market.

3. Once we know what traits we’re looking for in that top third, we should commit 2/3 of our time to looking for, or attracting, customers from this group.

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Identify What a Zebra Isn't:

Of equal importance is to know, and clearly articulate, what isn’t a Zebra for us. If we know who doesn’t fit our ideal customer persona, we’ll bring clarity to our network and prospecting efforts, and again, continue to value time as our greatest asset. Here’s why it’s important to know what a Zebra isn’t:

1.    We eliminate ambiguity

Introductions have been proven to be the No. 1 way that top producers grow their business. But if we aren’t specific about who we serve best, it’s hard to get those introductions. We need to be specific and clear about what type of zebra we serve best.

2.    We reduce frustration with our Centers of Influence (COI)

We want to capitalize on our COI’s relationships, but if we’re not crystal clear with who we’re looking for, our COI may make an introduction to someone we can’t help. When working with our COI, it’s helpful to articulate the type of business or individual we’re looking for, along with what we’re not looking for and why.

3.    We reduce our opportunity cost

Our opportunity cost is what we’re not working on that might have been more viable for our organization. If we’re calling on Company ABC, we’re not working on Company XYZ. Are we losing out on better business, because we’re not calling on the right prospects?

If we know what we don’t want and the reasons why, it might reduce the quantity of opportunities in our pipeline, but the quality will increase dramatically. 

 Cultivating Zebras

Once we’ve determined which customers are and aren’t Zebras, we need to understand the best ways get in front of them and build relationships.

Start by doing some research.

Should we call or email them?

What is their preferred social media platform – LinkedIn, Facebook, or Twitter?

Knowing how and where to reach our target persona will positively impact our ability to hunt, qualify and discover potential new business. Undoubtedly, our most effective approach is to utilize the relationships we have with our top third by asking them to introduce us to others they know, who will most likely fall into that ideal customer profile.

It takes work to find these prospects and then contact them, but it’s well worth the effort. Our chances of success are now much higher because we know we’re reaching the right audience, the Zebras who become our best clients.

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Topics: Questions for Prospects, qualifying prospects, sales prospects, consultative selling, how to prospect


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    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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