ACTG Sales Management Blog

Sales & Sales Management Expertise Blog  

I Would Sell More and Increase Sales If Only I Would....

Posted by Mark Trinkle on Fri, May 26, 2023

In this blog post, we present a question that may force you to look yourself in the mirror and ask, "What can I do better as a salesperson to increase my sales in 2023 and beyond?" 

This question, although difficult to admit and analyze, is necessary in your evolution as a salesperson.  

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I've got a fill-in-the blank for you.  Are you ready?

"I Would Sell More If Only I Would __________"

What comes after would? We had the chance to ask that question around the country with a variety of companies both large and small, and it's interesting to hear how salespeople respond when you ask them to fill in this particular blank.

Sometimes, you'll hear excuses.

Sometimes, you'll hear valid reasons for why they're not selling as much as they would like or their manager would like. When we hear these valid reasons, we immediately think about the core steps in the sales process.  

First, you have to call on your prospects.  Then, you have to go see them.  You must set meetings, you must qualify prospects, deliver presentations, and of course, you have to win your fair share. 

If you're not where you want to be in 2023, ask yourself,

  1. Why are you there?
  2. How long have you been there?
  3. Are you fully committed to getting back on track?
  4. What's going to be required to get back on track?
  5. Do you have to get there?
  6. What happens if you don't?
  7. What is the problem costing you?
  8. Do you have to fix it?

If you know anything about our organization, you know that is how we encourage the unveiling of the sales process. 

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Asking your prospects questions like:

  • What is going on?
  • What do you have to fix this problem?
  • How long has it been a problem?
  • What have you done to try and fix it?
  • Do you have to fix it?
  • What happens if you don't fix it?
  • What's this problem costing you? 

All of that fits into one of two categories: Excuses or reasons

Just remember as you answer the question, "I could sell more if only I could ____."  If your answer is an excuse...

"Excuses are the nails used to build houses of failure."

Now go out there and get it done!

To learn more about our organization and services, click the link below: 

Sell Better. Coach Better. Hire Better.

Topics: Sales Training, increase sales, hire better salespeople, consultative selling, consultative sales coaching, sales training courses, online sales training, hire better people, insurance sales training, train the trainer, driving sales growth 2020, sales training workshops, sales training seminars

The Best Advice Sales Managers Can Give to Help Increase Sales

Posted by Tony Cole on Fri, May 19, 2023

In this blog article, we discuss the best advice sales managers can give their salespeople, and that is to "keep moving."  If you want to increase sales within your organization, you must keep moving throughout the ups and downs, the missed opportunities, the clients who "ghost" you, and more.

No one ever said that consultative selling or sales coaching would be easy, but you must motivate your team to keep moving and to see the bigger picture.

I met Al several years ago at my health club while we were playing early morning tennis with a group of 6 others. At the age of 57, I was the youngest in the group.  I played regularly with this group for about a year and as I honed my tennis skills, I would come home and brag to Linda about how my partner and I crushed the other team that morning. 

One morning, I think she had heard enough and wanted to know more about the competition I was playing. After all, I had only been playing tennis for just over a year. She and I would hit balls on a local tennis court so she knew my game really wasn’t that good. It was either I kept drawing great partners or the competition was suspect.

In the spirit of full transparency, I will go through some of the competitors I crushed. 

  • Frank – 72 years old, arthritis in a hip and bad feet from early childhood development issues
  • Bill – 70 - recovering from his 2nd by-pass surgery
  • Ron – 68 retiree with a bad back, hip replacement and vision issues
  • Chuck – 71 – braces on both knees
  • Jim – The best of the lot, 69 but in good shape
  • Jim – Former military, 72, recovering from hip and back surgery
  • Al – At the time Al was 89 and a retired man of medicine

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The jig was up and my story had been exposed.  I was competing against the walking wounded you might see in a 4th of July Parade playing a flute, carrying a flag, and playing a drum.  In reality, they were quite good tennis players who tolerated my lack of skill with great humor.  They often took advantage of me as a result of my lack of talent and experience as well.

I ran into Al just last week and that is when I learned the best advice any manager could give a sales team.  Both Al and I had just finished working out. I was walking through the locker room as he was getting ready to leave. I don’t see Al as often as I used to, so when I do, I always take some time to chat with him and ask him about his life.

Tony – Al, how are you doing my friend?

Al – I’m doing alright, can’t complain, you know just getting in a workout and heading home.  Doing pretty good though.

Tony – You look great Al.

Al – Well I just keep moving.  I figure if I keep moving, I’ll be alright.  I can still walk 3 miles with no problem.  I work out on the elliptical.  But I’m losing my memory.  I’m sorry, I don’t remember your name.

Tony – It’s Tony.

Al – I just can’t remember things like I used to and you know what that means…. ( silence of acknowledgement).  By the time I get upstairs, I won’t remember your name.

Tony – That’s okay Al.  Are you still driving?

Al – Sure!

Tony – Al, how’s your wife? 

Al - She’s fine, just fine.  She’s the young one.

Tony – You are my hero, my inspiration to just keep moving.  Thanks. Can I give you a hug.

Al – Sure

Tony – Thanks Al,  Great to see you,  you take care of yourself and I’ll see you again soon.

Al – Okay.

Al is 97 and his wife is 95.  They survived the Holocaust and continue to thrive today. They thrive today because they are both committed to this one piece of great advice that all sales managers must provide to their sales team - Just Keep Moving.

When salespeople or sales teams fail, it is a result of one or both of two things:  Effort and/or Execution. 

As I’ve been teaching and coaching in our Sales Managed Environment program for years now...

Effort Requires No Skill

To Al’s point, more than half the battle of surviving and thriving is this; Just Keep Moving.  Keep calling prospects, keep meeting with them, keep inquiring about the business those prospectsrun, keep asking powerful and insightful questions, keep finding out if there is anything you can do to help someone achieve their objectives, and more.

But everything starts with effort. And effort starts with the will to just keep moving.

Thanks Al for the lesson!

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Topics: sales conversations, sales effectiveness training, banking sales training, professional sales training, consultative sales coaching, corporate sales training, sales force performance management, social selling, online sales training, politics, hire better people, insurance sales training, brand video, train the trainer, driving sales growth 2020, 5 keys to sales coaching, handles rejection, online sales management training, sales training workshops, sales training seminars, sales team evaluation, keys to selling success, keys to selling

Why Are My Salespeople Not Perfoming as Expected?

Posted by Tony Cole on Fri, Jun 26, 2020

Why do so many of my salespeople fail to perform as expected?  It's a loaded question.  Or, is it?  In our corporate sales training experience, we've seen that evaluating underperforming salespeople in the pre-hire sales assessment is crucial for success in your business.

From poor diagnosis of the right contributing factors for success, to other candidates being eliminated due to weaknesses rather than hiring on sales STRENGTHS, there are specific reasons that not all of your salespeople are performing the way that you thought they would.

Did you hire them this way or did you make them this way?  Let's take a look...

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If you are a sales leader and you look at your numbers and the people producing those numbers, do you ever scratch your head in confusion over why you are looking at a lack of sales results?

Certainly, you didn’t hire these people to be in the middle of the pack or at the tail end of the conga line, but that is right where they are.  I know you don’t believe you hired them that way, but it’s either that, or you made them that way.

Don’t get upset with me here.  The reality is that your team’s performance is a result of who you’ve hired or what you’ve done (or not done).

So, in general, why do so many salespeople fail to perform? I have detailed answers to that question that you will be hard pressed to find anywhere else besides right here.

  • Underperformers have 80% of the desire of top performers. *Note – not all performers have off-the-chart desire – that is about 7% of all top sales people.
  • Those that underperform have about 44% of the commitment to succeed in selling that top performers do.
  • These two factors combine to measure motivational level. Underperformers have about 60% of the motivation of your top people.

SUMMARY – Underperformers just are not as motivated to succeed.

SOLUTION – STOP hiring people that are not motivated to succeed at the highest level of performance!

Using the Objective Management Sales Evaluation, there are over 100 data points to measure the opportunity for sales growth of a sales team/organization.  Additionally, this data helps us to predict the likelihood of success of new sales people and managers. 

Here are some interesting findings based on the raw data I have from assessing salespeople (as well as firsthand knowledge of some of the people in the study).

  • Top performers are trainable and coachable
  • Top performers have a high figure-it-out factor
  • Top performers have a low need for approval and…
  • Top performers score an average of 86.8 (higher score is better) and underperformers score 39.6 for handling rejection!
  • Top performers are hunters, consultative sellers and closers (average score for skills is 55% of required skills while underperformers average 39.6% of required skills)

SUMMARY  Salespeople – regardless of tenure or previous success - need training and coaching. Also top performers handle rejection extremely well and move on.

SOLUTION  Do not hire based on past performance. (It’s like investing in a mutual fund – past performance is not a guarantee of future returns.)  During the interview process, reject the heck out of the candidate – the strong ones will recover and attempt to close you over and over again!

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The following data indicates that sales strengths are better indicators of success rather than sales skills:

  • Underperformers have 85% of the sales skills of top performers and have…
  • Only 71% of the sales strengths that support execution of sales skills and…
  • The severity of their sales weaknesses are 52% higher than that of top performers

SUMMARY – The skills are about the same, but those with strong strengths of desire, commitment, outlook and responsibility win.

SOLUTION – Make sure your pre-hire assessment process looks for strengths and “will sell” rather than just skills, personality and behavioral traits.

So, back to the original question:   “Why do so many of my salespeople fail to perform as expected?”:

  • Poor diagnosis of the right contributing factors for success
  • Candidates eliminated due to weaknesses rather than hiring for sales strengths
  • Too much credit given to sales skills exhibited during interview process
  • Lack of solid training and development on the root causes of poor performance

Now that you have the answers to the question, what will you do about it?

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Develop Your Sales Pipeline to Increase Sales

Posted by Jack Kasel on Mon, Jun 01, 2020

Sales pipelines are similar to the story of "Goldilocks and the Three Bears. " This one is too fat, this one is too skinny, and the rarest one of all; this one's just right. 

Why does this happen with pipelines and what should leaders be doing about it?  In today's blog, we discuss developing better pipelines to improve your coaching skills, increase sales within your organization, and to build better habits in 2020 and beyond.

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Fat Pipelines

This usually results from the overly optimistic salesperson.  They call on a prospect and come back thinking some iteration of this, “We really hit it off . . . They really liked what we can do . . . We have a LOT in common”. 

Another cause for a fat pipeline is that it feels like comfort food.  Their pipeline has $X amount in it and they feel pretty good about it.  I mean, come on, some of it has to close doesn’t it?  This type of thinking gives them great comfort.  Pipelines need two things:

  • The proper amount given their ability to win business (close ratio)
  • It must be properly staged

Here is where your leadership plays a critical role.  Your skills at asking great questions are absolutely essential.  Tone and tonality are of paramount importance, AND they must be fierce and helpful.  Questions like:

  • What did you hear the customer say that leads you to believe they would be a great customer for us?
  • When you asked them the impact of not fixing this problem, what did they say?
  • Who else in their organization will be impacted if they switch providers?
  • What did they say when you asked about their decision making criteria (not process, criteria, there is a difference)
  • When is the last time they chose a supplier that wasn’t the lowest cost?
  • How much is in their budget to make this problem go away
  • When asked them “How do you envision working with us”, what was their response?
  • How did they choose their current provider?

Never EVER ask, “How’d the call go?” It’s a waste of time.  Be great at asking questions.  By asking great questions, you are coaching your salespeople.  The questions listed above are the type of questions they should be asking the prospect.  Your coaching session is nothing but a sales call.  Be curious and when you coach, simply keep this in mind when meeting with your team, “Am I asking questions or am I making statements?”

Also, by asking great questions to your team, you find out where your people need to be coached.  If you hear your salesperson say, “I didn’t ask that question” during your pipeline discussions, you need to find out if they are unable to ask those questions (they need more sales training) OR if are they unwilling to ask those questions.

Skinny Pipelines

There are two main reasons that a salesperson might have a “skinny pipeline”.  They are getting beat up if something doesn’t close, or their activity isn’t where it needs to be.  My question to you as a leader is, “When a piece of business doesn’t close, what does your lost business conversation sound like?” 

There is no sin in losing a sale, the only sin that occurs is if nothing is learned from it.  Don’t let one loss beat you twice.  A couple of quick questions “What did you learn?” and “How will you get better because of it?” 

The other reason for a skinny pipeline is activity.  What are you measuring, how frequently are you measuring it (you need to measure weekly), and are you allowing excuses for poor effort?  Salespeople fail for two reasons:  Lack of Effort and/or Lack of Execution.  You need to know which it is. 

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Just Right Pipelines

These types of pipelines are the rarest of all because they require the salesperson and manager to have a great and open relationship, while staying committed to their sales process and understanding the metrics needed to win business.  For the salesperson, they need to understand what is their late-stage (close in 30 days) win ratio?  If their late-stage win ratio is 50% and their monthly goal is $100,000, they need to have a minimum of $200,000 in late-stage opportunity each month.   

The only reason a “Just Right” pipeline is possible because the salesperson is finding opportunities all-the-time.  They understand prospecting is an all-the-time thing.  They are constantly making calls, asking for introductions, and networking.  

It’s healthy to have a pipeline “flush” on a regular basis.  An opportunity moves through the pipeline or moves out of the pipeline on a regular basis.  If a salesperson wants to cling to an opportunity, and want to defend keeping it their pipeline, is probably because they have nothing else to take its place.   Coach them, encourage them, challenge them.

 

Topics: sales force development, Sales Coaching, hiring better salespeople, hiring top salespeople, consultative selling, banking sales training, consultative sales coaching, corporate sales training, sales force performance management, sales training courses, insurance sales training, 5 keys to sales coaching, sales force performance evaluation, consultative sales coaching cincinnati, consultative selling cincinnati, banking sales training cincinnati, corporate sales training 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

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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    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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