ACTG Sales Management Blog

Sales & Sales Management Expertise Blog  

Become a Pipeline Hound!

Posted by Alex Cole on Fri, Jul 07, 2017

How important is it for your salespeople to have a pipeline of prospects? Probably pretty important. How crucial is it that your salespeople continue to feed into that pipeline? Just as crucial! We all know that, in order for your organization to succeed, it is vital that your salespeople build, grow and maintain a solid pipeline. But what happens if one of those great salespeople leaves? Do you have someone on the sidelines ready to take that spot?

The first thing that we teach our Hire Better Salespeople (HBSP) clients is that it is just as imperative for you to have a pipeline of potential candidates as it is for your salespeople to have a pipeline of prospects. Most companies find themselves reacting to the loss of an employee as opposed to being proactive about it. When companies don’t proactively recruit new sales talent, they typically find themselves with a vacancy for a much longer time. For example, last year, HBSP partnered with a financial institution out of Cheyenne, WY and it took over 8 months to find a qualified individual partly due to the absence of a sales candidate pipeline. When this happens, you now have the daunting task, and added pressure, of finding a replacement... and quickly! But what happens when we rush things? Usually a mistake is made, right? Your hiring decisions and processes are not something to be rushed or else large, costly mistakes will occur. It doesn’t matter if things are going great or going terribly- a candidate pipeline has to exist.

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So, what is the best way to build a sales candidate pipeline? Be a candidate watch dog! Start with the people you know. Typically, great people know other great people and are happy to refer them. Ask your family, friends and employees if they know of anyone who may be a fit for your organization. Networking events are also a great place to receive names and meet potential sales candidates. Once you gain a few leads, reach out and see if they would be interested in getting together. In no way are these conversations interviews- they shouldn’t be! Interviews are for applicants who are actively looking when you have an active opening. At this point, you are just trying to gauge interest and add potential sales candidates to your network.

Creating a candidate pipeline won’t solve all your recruiting troubles, but it’s the first place to start. If you are interested in learning more about how to Hire Better Salespeople, sign up for our free webinar—Ruff Realities About Recruiting. During this webinar, you will learn how to hire your next “top dog” using our proven process for searching, evaluating skills using a sales assessment, interviewing, hiring and onboarding new hires.

Webinar Details:

Thursday, July 27th at 12 PM EST

REGISTER HERE for "Ruff" Realities Recruiting Webinar

Topics: increase pipeline, sales candidates, hire better salespeople, recruiting sales talent

Calling Audibles

Posted by Mark Trinkle on Wed, Jun 28, 2017

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A guest post by Mark Trinkle, President, Anthony Cole Training Group

An audible is a change in the offensive play called by the quarterback at the line of scrimmage.  Today, I thought of that in Chicago as my Uber driver made several deviations from her GPS directions in transporting me from Midway Airport into downtown.

As I rode along with the windows down on a beautiful and sunny day in the Windy City, my thoughts turned from sightseeing to salespeople…specifically, the need for salespeople to make changes on the fly, whether that be during the initial phone call, the first meeting or even at the time they present their solutions.

Anyone and everyone who has had any exposure to Anthony Cole Training Group knows we are completely sold on the importance of process.  We have table-pounding conviction (a tip of the hat to my good friend, Mike Iverson in Atlanta) around how important it is for a business driven around and by sales to have certain key processes in place in term of their sales infrastructure.  And, of course, we believe that sales training creates the most return on a client’s investment when the salespeople and sales managers are following a sales process where opportunities are moving through the funnel in a stage-based and milestone-centric manner.  We believe that firms who don’t have a consistent sales process (everyone following the same steps and using the same terms to describe stages in the sales process) but who implement such a process can often see a 15% to 20% increase in new business sales.

But, here is something worth remembering – life is complicated.  Ferris Bueller (can’t come to Chicago and not think of him) told us to slow down or we might miss something.  And the same is true with selling.  Sometimes you just need to slow down and do something unconventional.  Sometimes you need to do something that is even contrary to what your training has taught you to do.  Sometimes you just need to call an audible.

Let’s be clear – usually your training is going to be correct.  But, sometimes, you will need to remember that selling is both science and art…and the art part means you might need to listen to your heart and occasionally let that heart override your mind.  Of course, the best in the business know when to listen to their head and when to listen to their heart.  And if they get it wrong every so often, so what?  They get back up and keep going.

So, listen to your heart.  Sometimes you will need to call an audible.  Like now…forget the salad; there is a deep-dish pizza out there calling my name.

 DOWNLOAD FREE eBOOK -  Why is Qualifying So #%&@ Hard?

Topics: Selling Attitude, sales skill, sales growth and inspiration, calling an audible

Guests, Fish and Job Candidates

Posted by Chuck Smith on Mon, Jun 26, 2017

As the owner of Hire Better Salespeople, one thing I hear consistently from my clients in regards to hiring is “I’m tired of looking through the same set of resumes over and over again.” If you have had the same thought, trust me, you’re not alone. Resume sites are flooded daily with recycled candidates. So, how do you go about finding the new, fresh candidates out in the market place? This week, our guest blogger and one of HBSP partner’s, Chuck Smith, President of NewHire, explains why fresh is best and how to eliminate the rest.-- Tony Cole

I thought it was my mother-in-law, but it turns out to be Benjamin Franklin who said, “Guests, like fish, begin to smell after three days.” If you’ve had house guests who’ve overstayed their welcome, I know you will relate. But did you know that the same rule, more or less, applies to candidates for work?

How so?

When we are recruiting to fill an open position, our primary goal is always to find the right person for the job. In fact, we often mean “the right person for the job, RIGHT NOW!” It’s not so helpful if that right person were to be available six months before or six months after.

This is why so many people get frustrated searching for resumes online using LinkedIn, Indeed and Careerbuilder. These sites and others have built businesses based on the idea of aggregating candidate resumes. The sites claim that the ability to search 20, 30 or 100 million resumes is a benefit. I call it a bug. We shouldn’t care about everyone who ever placed a matching keyword on their resume.

We should only care about the actual people interested in our actual job right now. This is what makes the NewHire™ system of recruiting so powerful. Rather than asking you to spend your valuable, limited time going from site to site (at great expense for access) searching for matching candidates among millions and millions of non-matching candidates, NewHire™ brings the candidates to you. Small databases of candidates who have expressed interest in your job. These candidates are prescreened, pre-qualified candidates who have already answered many of the key questions you have for them.

NewHire was invented to help employers recruit and screen candidates for very specific, time-bound open positions. Stop searching resumes and start getting matching candidates with Hire Better Salespeople and NewHire.

Sourcing great, qualified candidates is only a piece of the very complicated puzzle. At Hire Better Salespeople, we work with our clients to: learn the intimate details of the position, build a compelling job attraction post, call on active as well as passive job seekers, assess applicants based on the specific job criteria, disqualify and vet candidates, provide initial interviewing support and administer onboarding and coaching for your new hire. Visit our site TODAY to learn more! 

DOWNLOAD FREE eBook -  How to Hire Advisors Who Will Sell More

Topics: New hires, hire better salespeople, aquire sales candidates

Busting 5 Myths (Secrets) of Successful Selling

Posted by Tony Cole on Mon, Jun 05, 2017

Ok, let’s start here - there are no secrets!  The Internet and the digital world have pretty much eliminated ignorance and secrets to success in sales... and about how to do almost anything else.  All you need is a mobile device (could even be a watch) with access to the internet and you can find just about anything you want to know.

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Myth Busters used to be one of my favorite shows.  I searched google to find the Discovery Channel episode about lifting a car with duck tape. Here is the link (but, unfortunately, you won’t get the complete show).

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? Since I short-changed you a little on the video, I will share a list of some other common myths:

  1. People only use 10% of their brains
  2. There is a dark side of the moon – Pink Floyd led us astray (Here you go, rockers!)
  3. Behavior is affected by the full moon
  4. Sugar makes children hyperactive
  5. Lightning never strikes the same place twice

THE BEST METHOD - GET TO THE ROOT 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 certification

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 has been game changer for every one of the clients in our niche:

“The Sales Person Skills Assessment Tool has enabled us to discover some interesting information about our sales process, current sales capabilities as well as potential opportunities for growth and improvement in sales competencies. This assessment tool has also changed how we go about hiring for our sales force.”

President & CEO
F&M Trust

One of the most interesting segments revealed in the assessments is about personal beliefs.  Each of us has personal beliefs that dictates 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. 

5 MYTHS MOST SALESPEOPLE ACTUALLY BELIEVE

Here are the beliefs that many salespeople hold near and dear to their hearts that simply are not true:

  1. People buy from people they like – Now, you may have purchased something from someone that you liked, but the “liking” 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 autobyel.com, the cheapest car available today is the Hyundai Accent SE with a MSRP $15,580.00.  If you own one, then you are a rare breed.  The volume of sales of this vehicle in 2016 was only .38% of all vehicles sold in the U.S.  If people simply bought on lowest price, 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 personally conducted in the banking segment, the top 33% of bankers, wealth managers and private bankers severely lack closing skills still led their teams in sales.
  4. The customer is always right – Actually, the customer is rarely They are more right today than they USED to be when it comes to product knowledge, availability, options and pricing as a result of information available on the Internet; but to assume they are right about everything is just SO wrong. 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 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 to go through when executing their buying process. g.  If a prospect was completely honest, they would tell the insurance agent who just cold-called them that they just got a renewal that they think 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 still are performing at the top, people in the middle of your sales bell curve are still “at leasters” 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 beliefs were never addressed.

I grew up on a farm.  I know about planting things and making them grow, and if it’s a fruit tree or bush (blueberries), I know that there is a time to harvest.  What I also know is that you can buy the best plants and trees in the world, but if you don’t take care of the root system with good soil, fertilizer and water, they will not produce.

GIVE ME A CALL - I WILL HELP

For more about growing blueberries, peaches and salespeople, call me! This is your call to action to get more productivity out of yourself or your sales team, so call me NOW at 513.791.3458.

Additional Resources

  • # 1 Sales Assessment in the world
  • Identify Your Systems and Processes – The Sales Effectiveness and Impact Analysis Sample (SEIA)
  • How do my salespeople compare to industry standards – Get 3 people on your team (the best three that do the right things, have the right fit and blow out their numbers consistently) to take the sales skills inventory assessment and compare. Be prepared to take a call from us, discuss the results and answer the question: Do you want our help?

 Get a 14-DAY FREE TRIAL of ACTG's Online Sales Learning Center

Topics: close more sales, managing salespeople, assessing sales talent, getting consistent sales performance

What is Your Sales Team's Motivation?

Posted by Tony Cole on Fri, May 19, 2017

QUESTIONS THAT COMPANIES NEED TO ANSWER

As many of you know, we use the Objective Management Group's (OMG) assessment to evaluate every organization that we do sales and sales management training, coaching and consulting for.  The process helps us (and helps our clients) determine with great accuracy the answers to these 4 questions:       

  1. Can we be more effective (sell more, more quickly at better margins)?
  2. How much more effective could we be?
  3. What would it take?
  4. How long would it take?

Answering these four questions requires the ability to uncover at least two important contributors to improved effectiveness:

  1. Their “will” to improve in selling and sales management
  2. Their ability (sales and sales management DNA)

6 FACTORS THAT DETERMINE THE WILL TO SELL

There are 6 known contributing factors that OMG uses to determine “will to sell”  (click here for a review of the OMG pre-hire assessment tool).

  1. Desire to succeed in selling
  2. Commitment to succeed in selling
  3. Motivation
  4. Outlook
  5. Responsibility
  6. Enjoyment of selling

A CONSISTENTLY RECURRING QUESTION

I don't believe there is a way to effectively rank those factors in terms of relevant importance.  Having used the tool and delivered results to dozens of companies and hundreds of people, my experience is that these 6 work together to form a puzzle that gives you an overall picture of someone’s “will to sell”.  In this article, however, I want to focus on motivation because, over and over again, when attending my workshops, attendees consistently the question, “How do I motivate or keep my people motivated?”

FINDING INSPIRATION

I was getting ready to work out at my club the other day and, when walking to the men’s locker room, I stopped and looked at this sign.  Now, I’ve seen this sign literally hundreds of times and have read it dozens of times. I have always found it interesting and a bit inspiring. 

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I can imagine being a young tennis player who has big dreams of playing tennis on a large stage someday.  And that young person might take a photo of this poster and put it on their phone, locker room, door or wall at home.  They might even post it to social media – Facebook. Twitter, Instagram or Snapchat.

It all depends on that person’s motivation.

This person could be driven by pride, satisfaction, mastery, achievement, competition, enjoyment or recognition.  They could even be motivated by the love of winning or that hate of losing. They might just be trying to prove the naysayers wrong!

ARE YOU MOTIVATED?

What motivates you?  If you are a manager, what is motivating your people?  If you are not motivated to:

  • Be more effective
  • Be more successful
  • Compete to be the best
  • Sell more to make your lifestyle dreams a reality
  • Make sure your children receive an education without the debt

I have to ask: Why?

 

ALL ENCOMPASSING - MOTIVATION INVOLVES EVERYTHING

Let me address two things:

  • Personal motivation
  • Motivation of others

My experience – my own true, personal experience - about motivation is that when you desire something greatly in your heart, then you will live and breath the desire to make the dream a reality.  Many of you know I played football at UConn.  I always considered myself blessed beyond reason to have had the opportunity to make my dream a reality.  But blessed does not stand alone as the only contributing factor for the scholarship.  Yes, I had some God-given talents (nature), but I also had some external factors (nurture) that contributed to my success.  Those factors were Mom and Dad and the attitudes they instilled in me regarding hard work, anything is possible, don’t give up, success requires commitment.  I learned early on that, if you really want to accomplish something great in your life, you must be willing to give up some things to get where you want to go.

  • When my classmates were going to Lee’s house to party after a game, I did not.
  • I hated vegetables, but my dad told me he would tell Coach Cacia I wasn’t eating right – I wasn’t going to let that happen.
  • At the end of a long day – 12 hours – working on the farm, I still ran my miles and lifted weights.
  • When I got beat on a certain play during practice, I would make that person pay the price on the next play.
  • I ran sprints every day at the end of practice.
  • I played hurt.
  • I studied and got the grades needed to get into college.
  • I did all of those things for 13 years.

MY STARTLING WAKE-UP CALL

On the other side of that coin are the years between 1998 and 2003.  Those 5 years are lost to me because of the event of our son's (Anthony) cardiac arrest and subsequent severe brain injury.  I could think of nothing but his full recovery to health.  Nothing else mattered and it showed up in the shrinking of our business.  One day, Linda walked into the office and said, “We need to talk.”  I thought it had something to do with Anthony.  Instead, she asked, “Are you ever going to start working again?”

Man, did that piss me off!

But, I started to work again because I had new motivation.  And that is my point.  I believe most people go through stages of motivation.  The stages probably look like the side view of a roller coaster – lots of ups and downs.  If you find yourself in the down, don’t assume that you will go back up.  You may be at the end of the ride.  If you are there, you need to find new and different reasons to get back in the seat and ride to the top.

THE REAL DEAL – MOTIVATION IS PERSONAL

When I answer the question - How do I motivate my people? - for workshop attendees, I tell them, “You cannot motivate them.  Motivation is an inside-out job and they have to come to the table with their own motivation.  The best you can do is create an environment where people want to come and they want to be motivated and excited because they have personal reasons to be successful.”

I remember having a discussion with Tom. Tom was a COO of a large insurance holding company and we were talking about his next day’s presentation to the troops.  He told me about his agenda and the key points in the speech.  One of the topics was shareholder value.  When he finished, I asked permission to ask a question and then make a comment.  “Permission granted,” Tom said.

I asked, “How many people in the audience are shareholders?” One, he said.

I then said, “Tom, with all due respect, those people don’t give a rat’s #@%  about shareholder value. What they care about is having enough money to retire, pay for a wedding, have the dream vacation, pay for college, and eliminate debt.  Talk to them about how the company will support their efforts to make those things happen and then you will have an audience who will listen and respond.”

THESE 3 FAILS = NO MOTIVATION

The problem, in many cases, is that the sales executive in charge of getting more out of the sales team has no idea what motivates those people on the team.  Without knowing that, how could you possibly create a motivated environment?

While assessing numerous organizations, we have found three things that hinder the motivation and success of the sales team: 1) 90% of the sales managers don’t believe they need to know what motivates their sales people.  2) 25% of the sales managers are not motivated to be successful in the role of sales manager and 3) Virtually 100% of the salespeople lack personal goals, lack a personal goal plan and fail to have a process in place to track if they are achieving goals.

How could you possibly have a motivated sales team?

ADDITIONAL RESOURCES AVAILABLE:

Motivation Quotes in Unlikely Places – Dave Kurlan

Pavarotti and Motivation – Music and Self Motivation

Robert De Niro Inspiring Speech at NYU School for The Arts - Youtube

Motivation – What Would You Attempt If You Knew You Couldn’t Fail?

DOWNLOAD FREE eBook -  How to Hire Advisors Who Will Sell More

 

Topics: developing sales talent, Motivational, getting consistent sales performance, predictable sales growth


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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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