ACTG Sales Management Blog

Sales & Sales Management Expertise Blog  

The Whack-A-Mole Approach to Sales Management

Posted by Tony Cole on Mon, Jun 24, 2019

Putting forth the effort to coach and motivate people, as well as hold them accountable to performance, requires no skill.  Therein lies part of the problem with growing your sales team.  Any sales manager can attempt to do this with their salespeople, but what systems and measured techniques do they have in place to ensure that it is working?  

Before reading this article, please download our free e-book "Why is Selling so #%&@ Hard" to better understand the effort required to guide and lead your sales team to extraordinary results.

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It’s been a few years since I’ve visited a Dave & Buster's establishment. There was a time when I would go at least once a year. When I was younger, my source of entertainment was hanging out at sports bars with pool tables, shuffleboards and basketball games. About 25 years ago, that entertainment became watching my kids enjoy the arcade games Dave & Buster's offered.

It was there that I learned about Whack–A–Mole and sales management. I really didn’t tie the game to sales management immediately. That is a more recent realization I have come to understand over the last 10 years as I’ve visited with executives who are trying to figure out sales growth (SGO) within their companies. 

What I learned about Whack–A–Mole is that it did not require any specific talent. It did require effort – which requires no skill. And, it did require a couple of strands of specific athletic DNA:

  1. Hand/eye coordination
  2. Fast twitch muscle fibers

The same holds true for managing salespeople relative to effort. Putting forth the effort to coach and motivate people, as well as hold them accountable to performance, requires no skill. Let me repeat – THE EFFORT requires no skill. Therein lies part of the problem with growing your sales team.

With Whack-A-Mole, I never got a sense there was a systematic way to approach the game. The moles did not appear to be popping their little heads up in a particular sequence. They appeared randomly much like they used to in my back yard when I lived in Blue Ash, Ohio.

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This is exactly what I observe and hear when talking to executives about identifying the sales growth opportunity within their sales team. Specifically:

  • What is the ideal model being used to eliminate hiring mistakes?
  • What is the coaching routine and methodology?
  • What is the culture that helps foster motivation?
  • When performance management discussions take place, are they consistent, punitive, additive and predictable based on exact metrics and standards?

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The answers to these questions are what reminds me of Whack-A-Mole. There isn’t a consistency within the organization, let alone consistency between one organization and another. To be clear, we do NOT work with broken companies. We work with companies that recognize that there is greater potential within the organization and they realize that they need to figure out:

  • What is our sales growth opportunity?
  • What would it take go from where we are now to where we could be?
  • How does our current team, systems and processes help or hurt our ability to close the gap?
  • How long will/would it take?
  • What would need to be invested to close our  sales growth opportunity gap?

The problem with not realizing full sales growth potential exists for many reasons. Too many to cover in one article so I will go about the process by writing a series specifically dedicated to help you identify what it would take to close the sales growth opportunity gap.

If you haven't already done so, please download our free e-book "Why is Selling so #%&@ Hard" to better understand the effort required to guide and lead your sales team to extraordinary results.

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Declare Independence From Your Own Obstacles

Posted by Walt Gerano on Fri, Jun 21, 2019

As we approach the upcoming Fourth of July holiday, our own Walt Gerano shares his thoughts regarding the obstacles holding us back from experiencing the sales success we desire.

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243 years ago, 13 colonies declared themselves as newly independent sovereign states and no longer a part of the British Empire. Instead, they formed a new nation—the United States of America.

Have you declared your independence from the things holding you back from experiencing the success you desire?

When you look at your business today, you might agree that you need to prospect more consistently, qualify better and know when to move on from a prospect. But you still have opportunities in your pipeline that are stuck. The question is why and what are you going to do about that?

Why don’t you prospect more consistently

  • You don’t have enough people to call on.
    • When was the last time you asked for an introduction or spent meaningful time on LinkedIn?
  • You don’t have the time.   
    • What activity is more important to the growth and success of your sales practice than prospecting? Schedule prospecting time first.
  • You are fearful of rejection. 
    • Rejection is nothing compared to failure.

What about qualifying?

  • Do you prepare with a pre-call plan for every call to make sure you know how you will get the answer to the question; “why am I here?” (First question you should ask on a call)
  • Are you ready for the curve balls? Those are the annoying questions that you wish they didn’t ask.
  • How and when will you deal with the incumbent?

Why are “opportunities” stuck in the pipeline?

  • Does the prospect really have enough PAIN to move forward and make a change?
  • Do they have the money to fix the problem?  Did you even ask about it?
  • Are you meeting with all of the decision makers prior to presenting your solution?
  • Have you dealt with the “return of the incumbent?”

There is nothing here that you don’t already know. It’s the middle of the year so take a few minutes and evaluate where you are and what you will do about it.

Claiming your independence requires nothing compared to what was sacrificed all those years ago. Let’s remember this week what was at stake and what an incredible gift their fight and sacrifice is to this day. God Bless America.

Topics: qualifying prospects, freedom, sales prospecting, getting sales decisions

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


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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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