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"Why Do So Many of My Salespeople Fail to Perform as Expected?"

Posted by Tony Cole on Fri, Oct 11, 2019

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...

analysis-analytics-analyze-590022

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!

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?

Topics: Sales Management Training, hire better salespeople, consultative selling, creating new sales opportunities, sales productivity tools, sales effectiveness training, banking sales training, professional sales training, consultative sales coaching, corporate sales training, sales force performance management

Huddles: The 3rd Sales Productivity Tool That Will Change Your Results

Posted by Tony Cole on Wed, Oct 09, 2019

In this article, I discuss "Huddles", the 3rd tool on the sales productivity tools list.  Over the years, I have used football huddles as an example of how sales huddles work.

Your huddles should provide real-time information, so that you can make real-time decisions and provide real-time feedback or coaching.  But just like in football, you must not only collect the data in a huddle, you must then gain business intelligence from the data and share that business information with the team.

ftball

I was first introduced to the idea of "Sales Huddles" when I heard Verne Harnish, Founder and President of Gazelles, speak at Objective Management Group’s Annual International Conference.  At that conference, Verne described Huddles as:

  1. A communication process or system that allows for sharing of real-time information
  2. An opportunity to focus on "burning platform" issues for a team or company
  3. A way to bring sharp focus and attention to a critical business driver
  4. The most important 15 minutes in any company

Over the years, I have used football huddles as an example of how sales huddles work.  Generally speaking, there are two types of huddles. One is what you see in the middle of a football field where the players gather around a single individual to get instruction on what they are going to do next. The other type of huddle is one that you would see on the sidelines after a unit comes off of the field. They gather around the offensive or defensive unit coach to receive information about what was seen in the press box, and how that relates to what they will attempt to do the next time on the field.

Your huddles should provide real-time information, so that you can make real-time decisions and provide real-time feedback or coaching.

This one very important point about huddles is what makes them so valuable to sales teams and salespeople. This is one of THE KEYS to driving more immediate and productive results from a sales team. If you wait 90 days as a manager to get data about how your team is conducting itself on a daily basis, it will be outdated and may not be of any use to you or your salespeople.

One of my favorite questions when working with sales managers in our Performance Management Class is this:

“When you get lost, when do you want to know that you're lost”? 

The answer to that question 100% of the time is,

“As soon as possible."

And that is why you must have huddles!

Gathering real-time information allows you as a salesperson or manager to make real-time adjustments to either a specific sales situation or in your overall sales growth strategy. But just like in football, you must not only collect the data in a huddle, you must then gain business intelligence from the data and share that business information with the team.

Only then will the team benefit from the huddles, thus reducing resistance to the process. Additionally, you can make in-the-moment decisions on sales opportunities and long-term decisions on training and development, recruiting and talent.

To find out more about Huddles and other tools we offer, visit our Sales Productivity Tools resource below:

Sales Productivity Tools

Topics: Sales Training, Sales Coaching, sales productivity, consultative selling, sales productivity tools, banking sales training, professional sales training, consultative sales coaching, corporate sales training

The Probability Scorecard: The 2nd Sales Productivity Tool

Posted by Tony Cole on Tue, Oct 01, 2019

In this article, Tony discusses the Sales Probability Scorecard, the second tool in our 9 Sales Productivity Tools series.  

Comparative to the yard markers on a football field, the Probability Scorecard gives salespeople and sales managers a clear, definitive look at how much ground needs to be covered in a sale, and the overall likelihood a specific sales opportunity will close.  Read more about this predictive sales productivity tool below!

crystal

As I stated in my initial blog about the top 9 Sales Productivity Tools, the Probability Scorecard is like the yard markers on a football field.  The yard markers give you a clear, definitive look at how much ground has to be covered before you score points; or in the case of defense, how much ground you have left to defend.

An effective Sales Probability Scorecard tells you almost exactly how much ground you have to cover and the likelihood of closing a specific opportunity.

You may already use a tool or system like this in your sales environment that is meant to track, collect, manage, and create movement in your sales pipeline. It may provide forecasting, and (supposedly) increase sales.  But if the sales enablement tool you are using isn’t built around specific criteria, activities and a milestone-centric sales process, your predictive capabilities and forecasting are no better than looking into a crystal ball.

The milestone-centric sales process breaks down the step-by-step accomplishments required to effectively create, qualify and close business. Normally, salespeople check off the major items on their checklists accomplished in the sales process—like uncovering a compelling reason or “pain”.  An effective probability scorecard tool provides the salesperson with a list of secondary objectives that must be accomplished. Here is an example of the first step identified in our Effective Selling System and the required secondary objectives:

Uncovering Compelling Reasons (to move, change, buy)

  • Compelling reasons are: “have to fix” problems, rather than “want to fix” problems.
  • The result of not making a change has been monetized
  • There is a “personal” reason why the problem has to be fixed
  • The incumbent has been unable to solve the problem and the prospect can/is willing to change providers

Checking off those secondary items gives the salesperson, and the sales manager, a more complete picture of what was actually accomplished and what is left to be done. If those secondary items cannot be accomplished, everyone now has a much clearer view of the “real” opportunity, or lack thereof.

The salesperson now knows what they need to find out from the prospect to make it a more closeable deal. This also allows for more intentional coaching on the part of the sales manager to help their salesperson develop into a more consultative seller.

In order to accomplish this, your Sales Probability Scorecard should:

  • Establish the factors important to qualify the prospect (can be industry specific)
  • Identify the most important or predictive factors
  • Have a baseline for what a "closeable opportunity" is (i.e. 70% score is considered closeable)

To find out more about the Sales Probability Scorecard and other tools we offer, visit our Sales Productivity Tools resource below:

Sales Productivity Tools

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Topics: Sales Training, hiring sales people, Sales Coaching, increase sales, consultative selling, sales effectiveness training, banking sales training, professional sales training, consultative sales coaching, corporate sales training


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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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