ACTG Sales Management Blog

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Some Assembly Required Hiring

Posted by Tony Cole on Thu, Feb 04, 2021

How important is it that your new hire be able to identify a prospect's compelling reason to make a change or the resources they have set aside to fix their business problem? Our guess is probably pretty important.

In the 4th article of our series Hiring No Assembly Required Salespeople, we discuss the questions you must ask yourself of a candidate's skills and what critical selling competencies you must look for before making a hiring decision.

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Occasionally some assembly is required when you hire a new salesperson. I have been using the Objective Management Pre-Hire Assessment with 92% predictive validity for over 20 years. OMG has assessed over 2 million people for over 31,000 companies worldwide. (Go to STAT FINDER for a high-level summary) They know what makes up an effective salesperson. And by extension, with the dozens of companies we have evaluated and the thousands of salespeople we have assessed and observed, this is what we know at Hire Better Salesperson.

 

Elite salespeople (the top 7% of the over 2,000,000 assessed) are evaluated just by how they score on the evaluation but are identified by their company as successful, hitting and or exceeding goals, and when stack ranked are top performers. not

 

What the assessment finds is the following:

  1. They score 613% higher in the comfortable talking about money competency than weak salespeople.
  2. They score 23% higher in the selling value competency
  3. They score 74% higher in the uncovering budget competency
  4. They score 55% higher in reaching decision making competency.

 

These findings beg the question or several questions, but I will start with this one:

 

How important is it that your new salesperson be able to...

  1. Ask and talk about the capacity a prospect has to invest time, money, and resources to buy the products and solutions you provide?
  2. Uncover and position value instead of selling, attempting to compete, or winning just on price?
  3. Uncover the available budget and meet with the person, or persons, that have the authority to write the check?
  4. Get to the actual decision-makers, or make sure that all resistance to making a decision has been eliminated, using a strategic approach working collaboratively with the inside champion?

The second question is; when would you want to know that your new salesperson is NOT capable of doing the things mentioned above? Or, somewhere in the first 12 months of their employment with you, when do you discover that they are not closing because they do not possess these competencies?

The purpose of this article is NOT to discourage you from hiring someone with these weaknesses. It's to help you better understand that by using a sales-specific assessment, instead of a personality or behavioral-based evaluation, you know in advance what assembly is required. 

 

When you know this information, you can create a series of intelligent hiring decisions based on the answers to these questions:

  1. Is this candidate coachable and have the Will to Sell competencies necessary to fix or improve these areas?
  2. Does this candidate have the supportive Sales DNA to improve in these areas? 
  3. Does my current sales manager know how to address these deficits? (look at your current production report. If about 36% of your people are at the bottom of your production report, that is a sign. Not hitting a goal, or 2, is another. In these cases, chances are you do not have a manager that can address, fix, or improve someone that needs assembly).
  4. If I have someone that can develop people, do we have the appropriate finances, time, and bandwidth?
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Topics: increase sales, hire better salespeople, highly successful salespeople

Uncover Sales DNA Upfront and Generate Greater Success When Hiring

Posted by Tony Cole on Thu, Jan 21, 2021

In the 3rd article of our series Hiring No Assembly Required Salespeople, we cover the Sales DNA competencies a successful candidate must have and how to identify these traits prior to making a hiring decision.

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If you’ve been in sales management, hiring, or skill development for any length of time, you have experienced a “Groundhog Day” in sales. In the movie, starring Bill Murray and Andi MacDowell, Bill’s character wakes up every morning to the same day, doing the same things and having the same experiences. He eventually figures out how to get out of the re-cycling of Groundhog Day.

 

Can you relate?

 

How many times in a week or month do you find yourself covering the same tactics, talk tracks, and opportunity development strategies? As the late Andy Rooney of 60 Minutes would ask, “Did you ever wonder why”? Wonder no longer.

Trial the Highly-Predictive  Pre-Hire Sales Assessment

If the Will to Sell is the fuel (see the second article in our series), then the Sales DNA (audio explanation of Sales DNA) acts either as friction that stops/slows your sales vehicle or as a superset of tires that smooths the road and improves performance.

 

 

Looking at the chart, you can see this candidate is “supercharged” based on the green markers. No assembly is required here. The questions now become:

  • As of today, are you looking for this data before hiring?
  • If a candidate has weak Sales DNA, but you decide to hire them, how do you train and improve the root causes or drivers of sales outcomes?
  • Do you have the capacity to address these competencies?
  • How is your current vetting process uncovering sales-specific behaviors and beliefs?
  • If you are not using any assessment, how would you know if your candidate is weak or strong in these areas?
  • Suppose you could hire the candidate assessed above vs. the candidate you see below?

Stop taking chances with your new hire investment. Start taking an extra step-up front to identify if the candidate you are talking to has what it takes to become part of the top 10% of your sales company.

Let's discuss changing your hiring success to 92% positive predictive validity! Email me at tony@anthonycoletraining.com, provide your name and subject line "Hire Better".

Click Here for Additional Hiring Tools!

Topics: successful hiring, Sales DNA, increase sales, hire better salespeople, effective sales management, will to sell

11 Concepts For Managing Yourself and Your Employees During Change

Posted by Tony Cole on Fri, May 15, 2020

In today's blog, we discuss the notion that effective sales leadership requires leaders to meet the challenge during times of major change. 

In this article, we bring you 11 concepts to adopt for managing yourself and your salespeople; to help increase sales, productivity, and trust within your organizations.time-for-change-sign-with-led-light-2277784

  1. What would you do if today where your first day on the job?
  2. What kind of attitude would you have?
  3. How would you respond to the responsibilities of your new job?
  4. You would you interact with your new co-workers?
  5. You come in the 2nd day of your new job and the company asks you to do something different. How do you respond?
  6. Who is more valuable in the marketplace, someone that adapts or someone that resists change?

Consider this: “You think you understand the situations, but what you don’t understand is the situation has changed.”  Putnam Investment advertisement

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Concept #1 – Commitment is a gift you should give to yourself

  • What are you committed to?
  • If you are not committed to do whatever it takes to succeed and increase sales, then you must:
    • Set personal goals that are non-negotiable
    • Have a vision of where you want to go (and where you want to end up)
  • Failure to do these things will lead to failure to fully commit 

Concept #2 – Senior management must empower all others to think like a CEO.  If senior management can accomplish this, then non-managers will think and act like they are CEOS; looking out for the entire company, and not only for themselves.

  • Support people to make decisions
  • Train them on how to make decisions
  • If bad decisions are made, it is because of the following:
    • Leadership hired the wrong people
    • Failure to communicate well
    • Failure to train on decision-making

Concept #3 – The use of technology

  • You must use it and demand it of yourself and your team!
  • If you have people that have a belief that ‘You can’t treat old dogs new tricks’, get those people off of your stage

Concept #4 – Flexible thinking and changing beliefs are critical.  There are some truths that you will have to accept.

  • Life isn’t fair!
  • Life isn't fair!
  • Life isn't fair!

Concept #5 – Companies are curious:

  • How can you increase my top line?
  • How can you add to the bottom line?
  • How will you prove it via accountability to measurable achievements?

Concept #6 – Your company will be asking, “Why should I keep you”? 
You must demonstrate that:

  • You are a good employee
  • You work hard
  • You get things done
  • You are capable of learning
  • You have experience that is valuable to YOU and to the future of the compnay

Concept #7 – Lifetime learning

  • Information doubles every 5 years
  • Power and speed of the microchip doubles every 18 months (Moore’s law)
  • The cost of computing drops roughly 30% every year while working faster and better
    • Are you twice as smart today as you were 5 years ago?
    • Have doubled your capacity in the last 18 months?
    • What are you doing today to be twice as smart in 18 months?
    • How much are you costing the company? Are you a better “buy”

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Concept #8 – Job security

  • The ability to initiate new relationships
  • Being able to create and sell creative solutions to qualified buyers
  • Your ability to facilitate decisions to buy from you

Concept #9 – Make sure you contribute more value than you cost

  • The company’s perception about contribution vs cost is the reality
  • You are not entitled
  • Prove your worth
  • If you consider leaving, would the company do whatever it takes to keep you?
  • How is your value measured by the company?
  • How is your cost measured?
  • The value of every company is outside the company (The marketplace) what are you doing to bring that value into the company?

Consider This: “The factory of the future will only have two employees, a man / woman and a dog.  The person will be there to feed the dog and the dog will be there to make sure the person doesn’t touch the equipment.”  Warren Bennis


Concept #9 – Serving others

  • What does it take to please them (everyone in your sphere is a "them")
  • How can you contribute to the success of others?
  • The person at the next desk, down the hall on another floor; make no mistake they are your clients and customers.
  • The "Best Bargain" is based on the value you bring. The consumer will seek and find the best bargain. They will either get it from you or from someone else

Concept #10 – Ownership / Responsibility / Accountability

  • You are responsible for your attitude
  • Philosophy > Attitude > Behavior

Concept #11 – Be a fixer, not a problem creator

  • Create or find solutions vs. announce and identify problems
  • Base conversations and actions on principles rather than your own personal position
  • Focus on getting outcomes instead of creating rules regulations and procedures.

Consider This:  Who are you holding captive for your success, you or your employer?

How appropriate are these concepts today?  Everyone of these thoughts, ideas and action items can and will help you lead yourself and others through challenging times. 

What I think you might find interesting is that these notes are a result of a book I read by Pritchett and Associates titled: The Employee Handbook of NEW WORK HABITS FOR A RADICALLLY CHANGING WORLD.

Price Pritchett does a great job of outlining 13 ground rules for job success in the information age. The booklet was written in 1994!  However, the principles and ideas make as much sense today as they did back then.  Some of the technology data might be a bit off given the advancement of the IT science but if anything, the technology has gotten smarter and faster due to big data capabilities.

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Go For The "No" Early in the Sales Process

Posted by Tony Cole on Tue, May 12, 2020

In today's blog post, we discuss the technique of going for the "No" early in the sales process.  It may seem counterintuitive, but countless studies have shown that humans desire what they can't have.  

When we go for the "No", we force a prospect to think of the value we bring to the table as salespeople. Are they really interested?  Will something more come from this meeting?  Go for the "No" early to ensure that you are on the right path with your prospect to increase sales, or move on to the next one!

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One of the keys for more effective selling is going for the "No" early in the sales process. I learned this concept years ago especially when I was vulnerable to "Think It Overs" (TIO). I would get TIOs at several stages in the sales process and maybe you have received 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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These TIOs are 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?”

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.
  • 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, you must eliminate "Think it Over" as an option for your prospect!

Let your prospect know that when you finish the next meeting, next conversation, or the final presentation, they will have everything they need to make a decision then and there.

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 – a "yes" or a "no."  Then, simply ask what objections they have to that process. 

No hard feelings.  Nothing personal.  Just business.

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

Download "9 Tools to Increase Sales" Whitepaper

Topics: hire better salespeople, sales effectiveness training, professional sales training, consultative sales coaching, corporate sales training, sales force performance management, online sales training, insurance sales training, online sales management training, sales training workshops, sales training seminars, sales training programs, sales candidate assessment, sales force performance evaluation, keys to selling success, consultative sales coaching cincinnati, consultative selling cincinnati, banking sales training cincinnati, corporate sales training cincinnati, hire better people cincinnati, sales coaching cincinnati, sales management training cincinnati, sales productivity tools cincinnati, sales training programs cincinnati, sales training workshops cincinnati, train the trainer cincinnati, hiring sales people cincinnati, increase sales cincinnati, professional sales training cincinnati, sales candidate assessment cincinnati, sales effectiveness training cincinnati, sales force performance evaluation cincinnati, sales performance management cincinnati, sales training cincinnati, sales training courses cincinnati, sales training seminars cincinnati

Why Increasing Sales Leads to Personal Freedoms

Posted by Walt Gerano on Fri, Feb 21, 2020

Achieving the work-life balance sales professionals all hear and dream about 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. 

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Today, I'd like to 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 you've been wanting to take.

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. Or, the “how you will achieve your vision” 
  3. Goals become the mile markers that let you know when you’ve “left the road”.
  4. And they have a “WHY”

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 and learn from them!
  • Build your Unique Sales Approach (USA) that is compelling to the people in your sandbox, or 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 Successful Formula and SMART numbers quarterly.

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

Topics: Sales Management Training, increase sales, hire better salespeople, consultative selling, sales effectiveness training, banking sales training, consultative sales coaching, corporate sales training, online sales training, hire better people, train the trainer, online sales management training, sales training workshops, sales training seminars, sales training programs, sales candidate assessment


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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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