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Successful Salespeople Understand that the Small Stuff Does Matter

Posted by Tony Cole on Fri, Aug 19, 2022

I will have to agree to disagree with Richard Carlson, Author of Don’t Sweat the Small Stuff. My view is that the little and or small things do matter and often they matter a great deal.

We have a newborn in our family. Born July 1st 2022, she came into the world just over 7 pounds. The parents knew in advance that their child would be born with Cystic Fibrosis (CF). With that came the understanding of the complications at birth and the lifelong disease associated with CF. You see, they already have 1 child with CF.

The baby was in the hospital for 5 weeks due to complications with her digestive tract issue, not uncommon with CF patients as they often don’t produce the enzymes to process protein and fat and as a result don’t ‘poop’. That is a problem.

The baby had to gain a defined amount of weight a day for a rolling number of consecutive days before they would release her to go home. That amount is 30 grams a day. I don’t convert easily from the metric system to the decimal system, so I had to look it up.  28.3495 grams equals 1 ounce. 1 ounce is .0003125% of my total body weight (200 lbs). A very small amount I think we would all agree.

So how important is the small stuff? Ask the parents, and they will tell you that day in and day out that while they waited to bring her home from the hospital, it was not such a small thing.

Another example to consider: The diameter of the moon is approximately 2,158 miles.  If the NASA scientist missed the calculation to moon landing site by just 1 degree, the Apollo 11 moon landing would have missed the landing site by: 

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What does this have to do with selling? Everything. Understand I am a salesperson that happens to sell sales growth training and development programs to community banks, insurance brokerage agencies and investment advisory firms. I came from a background of recruiting and selling young athletes to come to our campuses at UConn, the University of Cincinnati, and Iowa State University. I sold Nautilus exercise equipment and life insurance.

The lessons of small stuff didn’t hit me until I got into the insurance business and had to track my weekly sales activity in my success manual. I didn’t think it was that important, it was a pain in my backside to report this every week to my manager Bob and when I didn’t hit my numbers, I just made them up to keep Bob off my back. 

If you are reading this and you are an experienced and successful banker, insurance agent or advisor you can relate to this especially if you are one of our clients and have been introduced to the manager’s extraordinary discussion, the success formula, and huddles (video). You probably think it’s a waste of time and why does missing my call number, or my conversion number really matter? The graphic below shows you how much it matters.

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The quarterly plan called for approximately 3.38 calls per day over the period of 1 quarter / 65 working days. If you miss that mark by just 10%, assumed conversion rate of outreaches is 18% instead of 20% and, your average size loan is 2,025,000 and finally you don’t renew all of your current 20,000,000 portfolio you end up at 88% of your goal!

So, the little things do matter and if you end up with a couple of little things not adding up, you miss the Big thing. Your personal goal!

(Personal Note: As of this writing the baby continues to grow, their oldest is almost 2 going on 5, you would never know she has CF. Mom and Dad are juggling what life has sent their way. They really do appreciate the small things.)

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Topics: Sales Growth, Sales Leadership, Sales Activities

How to Get Your Sales Leadership Questions Answered

Posted by Mark Trinkle on Thu, Sep 23, 2021

When executives think about their sales teams, they often ask themselves if they have the right people in the seat and how they can become more effective.

In this blog, we will discuss the leading questions sales executives face when considering their current producer team and how to get the answers they need.

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If you are a Jimmy Buffett fan (that would make you a Parrot Head), you recognize the title of his 1973 release by the same name. Buffett wrote the song about a one-armed veteran of the Spanish Civil War that he met during a show in Chicago.

So, what does any of this have to do with sales leadership? Here are just a few lines from the song:

He went to Paris
Looking for answers
To questions that bothered him so

Now that makes me think of the executives we speak with all over the country who “have questions that bother them so.” But their questions don’t have anything to do with travel, relationships, fishing, and drinking (not saying executives don’t think about those things). When executives think about their sales teams, here are the sales questions that “bother them so”:

  • Do I have the right people, on the right bus, and sitting in the right seats?
  • How much more effective can my sales teams become?
  • What will be required to make them more effective?
  • Why do we consistently have a hit-and-miss approach to hiring salespeople?
  • For my salespeople who disappoint me, did we hire them that way or did we make them that way?
  • Why do my salespeople so quickly cave on price instead of selling our value?
  • What are the common traits in my top performers that separate them from my bottom performers?

So here is my question for you: do these questions bother you? Do you need to get answers to these questions? If so, you don’t need to go to Paris. You just need to click on the link below to land on my calendar for a fifteen-minute phone call. I can get you the answers and you don’t even have to pay to get the answers. You just need to be bothered.

See you In Paris!

Topics: Sales questions, Sales Leadership, sales leadership development

Leadership in Times of Change

Posted by Steve Jones on Thu, Aug 20, 2020

As a leader, have you ever wondered why your salespeople don't adapt to and follow the new guidelines you have established? Often, managers focus their energy on defining procedures and identifying expectations during times of change. However, they fail to understand the impact and personal needs of the employees that are responsible for following these new requirements. 

In today's blog, we discuss why it is so critical for leaders to understand the overall impact change has on employees and how to best get new policies in place with everyone on board. 

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“Due to the virus restrictions, we have had to institute many new procedures. Surprisingly, some of my best employees are struggling to adapt to them!”

“We had to shrink our sales team due to business performance. This required us to juggle some client assignments among the remaining staff. Some have jumped right in, but a few are resisting. We have been clear about why the business needs to make these changes. They should be happy they have kept their jobs, but you’d never know it.”

What’s going on? In the past, our team has risen to every challenge and met every new goal with excitement and enthusiasm. Our compensation is more than competitive. Our competition hasn’t introduced any new products or services that we can’t compete against. We were very clear on the new procedures and assignments, and our performance expectations are basically the same as they have always been.

What could be going on is that you and your managers have focused your energy on clearly defining new procedures and expectations but may not have spent enough time focusing on the personal needs of the employees. When things are changing, employees will often take a step back to understand how the changes affect them personally before they focus on how the changes will benefit the business. They need the time to understand what they need to do differently and to what extent their world is being changed.

They might be asking:

  • “Do these changes affect my work schedule, which will in turn affect my schedule outside of work?”
  • “Am I going to need to rely on or develop a skill I never really needed in the past? Do I feel confident in that new skill? Am I willing to put in the time and effort required to learn the new procedure?”
  • “Will my selling style match well with the new clients I have been assigned, or will I need to adjust? Will I be able to adjust? Do I want to adjust?”

When change happens in our lives, it is natural for us to resist at first, particularly if we thought things were going well before. If the status quo was comfortable for me, I would prefer to leave things as they were. Unconsciously (or maybe consciously), I am hoping that if I resist the change then it will go away. You will let me continue to operate in my comfort zone.

The mistake we make as managers is that we believe all we need to do is clearly explain what needs to be done and why. If we do that, everyone will see the need for the change and jump on board. However, as long as your people are in resistance mode, they are not ready to listen to your arguments on why the changes are good for the company. They are taking care of themselves first.

The next time you need to institute changes take a more balanced approach:

  1. Be clear about the need for the change and the long-term benefits of everyone successfully adopting the new procedures.
  2. Acknowledge that this is a change and seek to understand what concerns your employees may have about adapting to the changes. Be sincere in your understanding that change can be confusing, time-consuming, and scary. If you have the flexibility to accommodate an individual’s specific concerns, let them know that.
  3. Discuss what the employees need to get comfortable with the changes. Do they need more information? Do they need time to learn new procedures before they are implemented? They certainly will need your patience as they adjust, and your understanding if they are not initially skilled at the new behaviors.
  4. As a leader, you need to define the desired outcome. Allow your employees to participate in figuring out the best way to achieve that outcome. If you do this, you will find they will more quickly “own” the new procedures and behaviors.
  5. When your employees struggle with the new “rules of the game” – and they will – be forgiving at first and encourage them to keep working at it. Acknowledge the effort to change, and they will feel you appreciate that it isn’t easy.
  6. When you feel the majority of your folks have successfully transitioned to the new way, take some time to celebrate. Remind them how far they have come, thank them for their efforts, and revisit the benefits of making the changes. This will help them continue to move forward even when they have setbacks.

Change is hard. Change is uncomfortable. Given the choice, most people will choose to not change what they feel has been working for them. Don’t try to manage the change by focusing on processes, measurements, and results. Instead, try to lead them through the change by partnering with them and supporting them along the new path you have set for them.

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Topics: Sales Leadership, sales management success, managing sales teams, sales leadership development, increase sales, motivating salespeople

Leadership Development: How a Mentoring Approach Can Lead to Positive Outcomes & Increasing Sales

Posted by Patrick Kollmeier on Thu, Apr 23, 2020

Guest Blog Post from Gaia Hawkes

In this week's blog post, guest blogger Gaia Hawkes offers her insights into leadership development within sales organizations and explains how taking a mentoring approach can lead to positive outcomes and increasing sales.

In sales and sales coaching, the process of mentorship is crucial to passing on expertise and knowledge to more junior team members. It enables sales teams to drive growth and success, leading to increased performance and sales across the board.

In a previous article on growing a successful sales team by Tony Cole, he describes how certain weaknesses in your sales team can lead to dissent and chaos. For instance, prioritizing your own agenda and being a bad team player can impact the team’s overall success. To remedy this, leaders should act as mentors to improve and change their attitudes. Maryville University explains how a degree in organizational leadership can help you introduce positive change through superior employee training and collaboration.

Being a strong leader and mentor will help your team follow your lead when it comes to driving sales productivity. With that in mind, here are some ways in which developing a mentorship program can greatly benefit your organization.

Identifying strengths matters

If you don’t know where your team members excel, you’re not working with them to achieve their true potential. It may seem basic, but conducting personality tests conducive to learning your salespeople’s unique strengths can give you key insights moving forward.  For instance, if a particular salesperson excels in nurturing and providing for others, you can put them in a role as an onboarding companion for hiring better salespeople. 

In addition, you can find ways to help them use their empathy to work with clients.  Ensuring that everyone feels appreciated and valued will help your employees feel like they are a key member of the team. In the long run, they’ll be more willing to step up and take on greater responsibilities to help increase sales within your organization.

Why empathy matters

Because selling is a numbers-oriented business, sales leaders might put pressure on specific goals and money milestones within the organization. On the other hand, Kevin Kruse describes why successful sales leaders need to show that they care. He explains that apart from dealing with the tasks at hand, you should also take the time to get to know and interact with your team members.

Address them by name, greet them every morning, learn about their families, and ask about life outside of work. Sometimes, outside life gets in the way and affects productivity, but if you’re understanding and approachable, you can help your team members get over these road bumps more quickly.

Why feedback and recognition matter

Without assessing your team’s progress and providing regular opportunities for candid feedback, improvement will be a slow process. An Entrepreneur article on the art of mentorship explains that one-on-one time between a mentee and a mentor is crucial to adjust targets and modify goals if necessary.

Creating a well-designed plan involves identifying the issues at hand, setting realistic sales goals, and providing actionable steps to meet them. Growth can be a challenging process, but by giving recognition and praise where it’s due, you’ll keep your mentees motivated and energized to meet and exceed expectations.

Ultimately, mentorship programs not only steer team members to success, but sales mentors are also rewarded with the fulfilling experience of seeing their mentees succeed. In fact, a 2018 research study on Business News Daily found that 76% of respondents considered mentors important to their success. If you don’t already have one, it’s better late than never to start implementing a mentoring approach within your sales organizations.

Topics: Sales Leadership, Leadership Development, Leadership Skills, increase sales

How Do I Motivate My Salespeople?

Posted by Tony Cole on Thu, Dec 13, 2018

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Ineffective motivation of the sales team is not uncommon and it is the subject of one of the more frequent questions people ask me: “Tony, how do I keep my salespeople motivated?”  My first response is normally a question in return:  “Do you know what motivates your people?” 

The most common answer: “Well, uh, yeah, I think so.”  I cannot help myself when I ask, “Do you know or do you think you know?”  Their most common answer: “I think I know.”

With that in mind, how do you possibly motivate people when you just think you know what motivates them?

What we know about motivating salespeople is that it has changed over the years.  When we first started evaluating sales teams using the #1 Sales Evaluation Assessment – Objective Management Group Sales Evaluation and Impact Analysis – the findings told us that people were externally motivated.  Motivation was money and the things money can provide.  Today, however, we see a different set of results (Read this HBR article on motivating salespeople).

The current findings tell us that sales teams are highly motivated to succeed, but the source of motivation is internal rather than external.  They are motivated by a job well done. They want to be recognized for success and they are motivated by achieving their own personal standards for success and achievement.

I was 9 years old when I walked off the football field the very first time.  I had just finished practice and my dad was waiting on the sideline for me.  He asked me what I thought and I told him I loved it.  “Someday I’m going to go to college to play football.”  Dad asked me if I was sure and I said “yes.”  He then told me, “College football players are in great shape so, if you are going to play college football, you’ll have to be in great shape. Take off your helmet and shoulder pads and start running some laps.”  I followed his advice and I ran laps every night after practice to get in shape to play college football.  In February of 1973, I signed my letter of intent to go to the University of Connecticut to play for the team.

My dad – my manager – knew my goal and used that occasionally to keep me on track.  Occasionally, when I would fall off the training wagon, he would ask me if I still planned on playing college football.  I would always answer, “Sure!”  He would then say, “Well, I wasn’t sure. I haven’t seen you run or lift weights in a while.”  That’s all he needed to say.  Off I went.

When you know what motivates your people, you can then have the appropriate discussions to keep them on track and get them to operate at their highest level for your organization.

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Topics: effective sales coaching, sales leader, Sales Leadership, sales motivation


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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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