ACTG Sales Management Blog

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Are Your Salespeople Committed to Sales Success?

Posted by Tony Cole on Thu, Dec 14, 2023

Achieving commitment towards sales goals and success is crucial for cultivating a successful sales team. It requires a concentrated effort and the growth of each team member. Dave Kurlan, the founder of Objective Management Group, defines commitment to sales success as “The willingness to do whatever is required to succeed in sales, at reaching quota, achieving goals and closing a particular deal or account- whatever it takes (ethically).”  It's important to note that It’s not whatever it takes as long as it’s comfortable or as long as it’s not too difficult.

How many of your people are really committed to sales success as it is defined above? Commitment requires strong personal desire to achieve personal goals. Companies continue to set sales goals for producers without ever knowing if these people are motivated to reach their own personal goals. This is a big mistake.

We must get commitment from salespeople, even top producers, to execute at the high levels necessary. And more importantly, we must get each individual’s commitment to perform the activities required to reach his/her specific personal goals. Without this customized goal plan, your company sales goals are destined to fall short.

Salespeople commit to what is important to them.  While they may understand the benefit of shareholder value increasing, this is not what will drive them to do the activities. What will motivate a salesperson is his/her own set of nonnegotiable personal objectives, goals and ambitions. As a sales coach, your job is to help each individual uncover these personal goals and help him/her understand that, if committed, how he/she will reach these goals.  

Next, we must help each salesperson discover his/her “current state,” or where they stand relative to these goals. When there is a gap, as when the personal income forecast from current sales pipeline and closing ratio will not be sufficient to buy the dream house, we must help the salesperson discover the pain and disappointment that will occur if he/she does not achieve this goal.

To do this, we must use a series of probing questions, questions that will illuminate what his/her future looks like based upon current production. This process is an important part of helping a salesperson stay committed to sales success and achieving their goals.

Once we have gone through this initial discovery and questioning process, we arrive at the salesperson’s ultimate desired outcome. In the case of a salesperson who is underperforming or failing to execute effort or skills, we must get him/her to agree, voluntarily, that failure to achieve the desired outcome is not an acceptable option. 

It is important that the salesperson desires and verbalizes this. It is not effective for him/her to answer a leading question that you might pose such as “You don’t want that to happen, do you?”  Instead, you must ask “Is that a problem? Are you sure that’s a problem? And is it compelling enough for you to make changes?”  Only after the salesperson verbally acknowledges that he/she wants to change and needs to change, can we move to the next step. Only then can we get the salesperson to agree to some form of disciplined structure around the necessary sales activity.

Once we have a salesperson’s commitment to fix a problem, we must get them to commit - to agree to do everything possible to succeed. At this point, we can implement a sales development program that will help him/her move toward their goals.

A disciplined sales development program will probably be harder on you than it is on the salesperson because you will need to inspect along the way. Example: If the disciplined program for filling the pipeline includes making phone calls every Thursday morning at ten o’clock, you will need to be there to hold the salesperson accountable. Or if you expect the individual to ask for introductions daily, you must inspect these reports at the end of each day. That is your commitment to their sales success.  

Do not ask for a salesperson’s commitment and fail to do your part. If you are to be an effective sales coach, helping your people to achieve their goals, you must make your own commitment to do whatever is necessary. A lack of consistent performance in sales coaching and management on your part will translate into a lack of commitment in your salespeople.

 

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Topics: Sales Training, motivating sales people, achieving sales success, banking sales training, sales training tips, sales coaching best practices

Is it Selling or Giving?

Posted by Jeni Wehrmeyer on Thu, Aug 04, 2022

We work with many community banks and while the commercial side of the bank usually has some “sales chops”, we often hear from leadership that retail bankers are less comfortable with “selling.” Or they may even avoid that word altogether. We like how the book Go-Givers Sell More positions the process of selling:

  • Your influence is determined by how abundantly you place other people's interests first.
  • The most valuable gift you have to offer is yourself.
  • The key to effective giving is to stay open to receiving.

 

Retail bankers have an incredible opportunity. They are the front door to the entire bank and even more importantly, they are the key to financial wellness for their clients. So, what happens when your current banking client comes into the branch?  Do your frontline bankers feel influential, authentic and receptive? Creating giving relationships is the core of what is most needed and is what your bankers must develop. To gain more confidence in sales they must ask the pertinent questions, like “How does this savings account contribute to your overall retirement plan?” Selling IS all about the client and how the bank can help them. We have found that when we focus on that aspect of a frontline banker’s role, they are more receptive. Understanding selling is understanding humanity and how people work.

Here are some specific areas that you can focus on when you are coaching your retail bankers that will help them to gain more confidence in sales:

  • Help them to stay in the moment – they should not be thinking about what products they can sell.  They need to listen and probe with good, interested questions.
  • When they find an area of concern, they should uncover compelling reasons to buy – ask a question like “Why is this home equity loan important to you?”  And…
  • They must really listen to the answer and ask more questions about that issue so they have more information and understanding.
  • This approach will build trust – the client’s needs are front and center and it is clear the banker wants to help them.
  • In order to help, the banker must be able to ask tough questions and that is where courage comes in. If their end goal is always to help the client, asking a question like “Do you have other deposit accounts elsewhere that we could help you with?” should not be that hard.  But it may take practice!
  • Good bankers take nothing for granted – meaning they always seek clarity and that means getting your client to talk, not you and…
  • They must have an appropriate amount of patience. Again, if the banker’s focus is on giving and helping, they should not need to push! It is more important that through their questions and discussion, the client comes to their own decision on their actions.
  • All of these actions, lead to developing strong relationships. And what retail bank does not want more of those!

A final thought on gaining confidence in sales - In life, in banking and in sales, it is always wise to have a healthy skepticism.  It may not work out that this client will take action, so it’s OK if they do not. If your banker has done their best to help and understand the client’s needs (and not push product), then they can move onto the next opportunity. They should continue to give, which is the essence of selling!

Learn More About Our  Bank Sales Training Approach

Topics: achieving sales success, confidence in sales, gaining more confidence in sales

Why Success in Sales Leads to Personal Freedoms

Posted by Walt Gerano on Thu, May 09, 2019

Achieving the work-life balance sales professionals all hear and dream of starts with having a personal vision and a set of non-negotiable goals.

In this article, we will discuss the 4 must-do sales activities and the characteristics that all successful salespeople share when striving for the freedom of success.

mohamed-nohassi-229698-unsplash

We recently celebrated Cinco de Mayo, which is an annual celebration held on May 5th. The date is observed to commemorate the Mexican Army's (unexpected) victory over the French Empire at the Battle of Puebla, on May 5, 1862, under the leadership of General Ignacio Zaragoza.

So today let’s commemorate the victory and personal freedoms that comes from success in sales.

There are two freedoms that successful people enjoy: the freedom of time and the freedom of choice. You see, when you are always playing from behind, you never feel like you can take time off or treat yourself to that vacation or long weekend.

Successful people aren’t successful by chance or luck. They all have (at least) four things in common.

  1. They all have a vision of where they want to go, starting with the end in mind.
  2. They have a mission. The “how you will achieve your vision” -in other words what are the behaviors associated with success.
  3. Goals become the mile markers that let you know when you’ve “left the road”.
  4. And they have a “WHY”- why they keep going when they don’t want to.

So, decide what freedoms you want. Determine what those freedoms require. Build your plan to get there.

  • It all starts with your success formula, the behaviors you must execute day in and day out to accomplish your goals.
  • Track your behaviors weekly and be accountable to someone other than yourself (we’re too good at explaining to ourselves why we didn’t do something).
  • Know your SMART numbers- what are the key metrics that really drive your business, those can’t miss numbers.
  • Build your Unique Sales Approach (USA) that is compelling to the people in your sandbox; those that fit your profile.

Finally, don’t do all of this and stick it in the drawer. You should review your vision, mission and goals annually and your success formula and SMART numbers quarterly.

Now go out and sell something and celebrate the freedom of success.

Topics: success formula, Sales Plan, freedom, achieving sales success

How Great Salespeople Continue to Learn and Earn

Posted by Tony Cole on Thu, Oct 12, 2017

When I Googled ‘Keys to Great Sales Success’ here are some of the links I found interesting:

Each of these are good articles with great suggestions and there is nothing written or stated that a reasonable person would argue about.  There is no shortage of information about how to become a great sales person. But if was that easy then why do so many, apparently talented sales professionals seem to stagnate or completely struggle with improvement? With that question in mind I want to share with you what I’ve Learned when it comes to being successful in any profession, not just sales.

Yearning and Learning Leads to Earning.

As a boy watching TV with his dad, I became enamored with football.  At the age of nine, I asked my dad if it would be okay to go out for football.  He said “sure”.  He gave me the phone number for Matt Gazzara – coach for the local Pop Warner football team – The Hammonton Hawks – and told me if I wanted to play I needed to call Coach Gazzara and ask if I could come to a practice.  I called, went to practice and fell in love with the game.  I finished the first practice and announced to my dad that I would one day go to college to play football.

I didn't say I would like to go to college to play football. I said I would go to college to play football.  For the next eight years I did everything I had to do to put myself in a position to accomplish this goal.  My senior year I signed a full scholarship commitment letter to play football at the University of Connecticut.

The unseen aspect of this story is what I had to do in the classroom.  I played ball with other talented, faster, larger football players but they didn’t hit the books the same way, get the same grades to qualify for college.   When college coaches came knocking on Head Football Coach Joe Cacia’s door, not only did I look the part of a college football player on film, but my grades allowed me to qualify for the academics.

What I didn’t think about at the time but now realize, is that the yearning and Learning led to my Earning that scholarship. The Earning didn’t stop there.  I Earned a college degree at little cost to my parents and me.  The yearning earned me an opportunity to work as a coach at UConn, at the University of Cincinnati and at Iowa State University.  This Yearning Earned me the opportunity to meet Ralph Grieser who helped me land a great job with Nautilus Exercise Equipment that paid me my first real income of $47,000 as a sales person.  This was good money in 1983.

This story goes on but I want to cut the story short so I don’t lose you.  The shortened version is this:  I went into the insurance business in 1987 after relocating. I didn’t know anyone and selling insurance is all about who you know.  I Yearned to have a better life for my family and so I hired a coach and paid him with a credit card because I didn’t have the cash and didn’t want my wife to worry.  That decision – to Learn more about the art and science of sales - lead to Anthony Cole Training Group and where I am today.

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Linda and I own Anthony Cole Training Group. We employ eight people and we serve clients across the country.  Over our 25 - year history we’ve developed long- lasting relationships with our clients, product providers and business advisors.  Our family has been well taken care of.  We contribute to our community. We love the people we work with and the clients we serve.

So how about you and your team? Do you and your people continue to Yearn, Learn and Grow? If so, what do they have in common?  What is it that they Yearn for that keeps the fire burning and drives them to do the right things more consistently then those who don’t?

Think about your best people and their willingness and ability to Learn and adapt to ever changing circumstances.  You will probably find that they don’t make excuses. My guess is that they take the time to Learn and assimilate new information, adopt new thinking and strategies and implement tools and systems to keep themselves in-the-game and top of your stack-ranking reports.

And what about their Earnings?  Not just the money but also the client relationships they’ve Earned and retained over the years; The respect they have in your company and in the industry; the satisfaction of knowing they’ve done a good job; the recognition of their peers as leaders and top performers.

Finally think about the talent you have and the gap between those who are succeeding and those who are not performing at the level you anticipated when you hired them. What is missing? The Yearning or the Learning? Think about any new candidates you are looking to hire. What do they Yearn for?  Are they coachable (have desire to Learn)?

 Compare Your Salespeople on 21 Core Competencies

Topics: sales attitude, desire for sales success, achieving sales success, sales motivation

A Great Sales Read: Go-Givers Sell More

Posted by Mark Trinkle on Wed, Aug 02, 2017

A guest post by Mark Trinkle, President & Chief Sales Officer 

Should your days or evenings include any down time, here is a great book recommendation for you.  

go givers.jpg

I have thoroughly enjoyed reading “Go-Givers Sell More” by Bob Burg and John David Mann.  I just don’t think I have ever read a book that is more consistent with the approach to selling that we both take and advocate to our clients, particularly along the lines of not sounding like a salesperson.

Listen to this quote from the book on the supreme importance of creating value:

“There is something quite utilitarian about the Law of Value.  Its pragmatic beauty is that it places the principal determinant of your success squarely in your own hands, rather than letting it be a factor of your circumstances.  While you cannot control what others do, you can control what you do.  If your goal is to make the sale, then you are dependent on the buying decisions of others.  But, if your goal is to create value for others, you are dependent on nobody but yourself.”

I also love the section of the book that teaches that your compensation as a salesperson is not a reflection of your goodness, worthiness, merit or industriousness: instead, it is an echo of impact. In fact, revenue (or, for our purposes, new business) is the echo of providing value in your conversations with prospects.

So, how about you?  Do you worry about selling something?  Maybe it would be helpful to simply worry about whether or not your prospect conversations are providing value.  As the authors point out, that is up to no one but you.

So, give the book a try. Thanks for reading…now go sell like a champion today.

Summary: When your goal is to provide value, your success as a salesperson is in your own hands. The impact you make on others determines your compensation. So, worry less about selling and focus more on providing value.

 

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Topics: Selling, achieving sales success, go givers sell more, providing value to customers


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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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