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The Terrible Twos: Getting Your Prospect's Attention

Posted by Mark Trinkle on Tue, Feb 02, 2021

The pandemic has caused fewer face to face meetings, and many salespeople have yet to make the pivot (successfully) to virtual relationship building. 

In this article, we cover the impact and importance of speaking your prospect's "love language" when setting a meeting and engaging them further in conversation.

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According to the Mayo Clinic, the terrible twos has long been used to describe the changes that parents often observe in 2-year-old children. Generally, this perception comes as parents observe rapid shifts in their child’s mood and behaviors.

This brings me to the subject of prospects… and how they react to poorly prepared salespeople who fail to “tailor their message for resonance.” By that, I mean the salesperson fails to speak their prospect’s love language. And what exactly is the prospect’s love language? That means two things:

  1. The problems or challenges that the prospect is dealing with
  2. Future growth opportunities that the prospect may see on the horizon

If you talk about anything other than those two things, congratulations… you are guilty of wasting the prospect’s time (and yours).

As a national sales training and sales coaching firm, Anthony Cole Training Group has a front-row seat to the financial services industry and the problems they are facing in the first quarter of 2021. And we know there are two main concerns:

  1. The pandemic has caused fewer face to face meetings, and many salespeople have yet to make the pivot (successfully) to virtual relationship building. They are unable to deal with the resistance that prospects have to meeting face to face. Fewer prospect meetings have greatly reduced opportunities entering the early stages of the pipeline.
  2. And because of that, if the salesperson does get a deal cooking, they are all too willing to cave on rate or price to simply push the deal across the finish line. And that is eroding margin.

So, guess what? We lead with those two things… and nothing else. 

I may have been born yesterday, but I stayed up all night studying, and I figured out we would have more conversations with prospects if we led with things that prospects wanted to talk about.

So maybe the twos are not so terrible after all. But then again, you don’t have to change if you don’t want to change. But I would encourage you to be ready for the time-out chair the prospect will ask you to sit in while they spend time with another salesperson who is speaking their love language.

Go sell like a champion today!

Need Help?  Check Out Our  Sales Growth Coaching Program!

Topics: qualifying prospects, sales meetings, sales prospecting

The 3 Things Keeping You From Connecting With Your Prospects

Posted by Mark Trinkle on Thu, Jan 28, 2021

In today's world of selling, it is increasingly more difficult to get the attention of a prospective buyer after only a few outreach attempts.

We know that they're busy but let's face it, we're all busy. So, how do you stay consistent (and persistent) in your outreach with a prospect while remaining sensitive to their daily lives and the distractions they face?

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From the dawn of time until present day, it has always been a difficult task for salespeople to be able to reach the prospects they call and email each day. They call…and they email…and they keep following up, wondering if anybody will ever do one of two things:

  1. Answer the phone.
  2. Return a voicemail/reply to an email.

While certainly not a new development in selling, engaging with prospects has become increasingly and dramatically more difficult in the last 10 years. If we go back to 2009, it took around 8-10 outreaches on average to engage with a prospect. In 2019, that number has risen to 16-18 attempts. Keep in mind that these are averages. Sometimes it takes even more attempts to get the prospect to pay attention to you.

Recently, I was leading a sales training workshop in Dallas and a high-ranking bank executive asked me why I thought the number of outreaches required had basically doubled in the last decade. In my judgment, there are three main reasons:

  1. Distraction: Prospects are busier than ever before and are constantly battling the numerous distractions that come their way. Their mobile device buzzes and they have to look. The email notification on their computer sounds and they can’t resist. Some have estimated that the typical person picks up and puts down their mobile device between 600-700 times each day.
  2. Competition: There is more of it than ever before and it’s fiercer than ever before!
  3. Commodity: The belief of the prospect that, in at least some industries, the vendor calling them and the vendor they currently use are essentially the same. The prospect just doesn’t see any meaningful difference. To them, a bank is a bank.  An insurance broker is an insurance broker.  A technology provider is a technology provider.

Of these three reasons, #3 is the most concerning (or it should be). And here's why...

If you don’t differentiate yourself from your competition by providing value, your prospect will do the differentiating for you. 

But they won’t use a measuring stick of value. They will more often than not use a measuring stick of price.

Finally, here is another sobering statistic about the world of modern day selling. While the average number of attempts has increased to 16-18, most salespeople quit after less than 5 attempts. 

Maybe they think the prospect is being rude by not replying. Maybe they think that, "in the good old days", people used to return calls. Regardless, the world has changed. Prospects are a hard fish to catch. 

You might need to be out there fishing just a bit longer than you would like.

Need Help?  Check Out Our  Sales Growth Coaching Program!

Topics: prospecting skills, sales prospecting, increase sales, contacting prospects, prospect outreach

Increasing Sales: The G2 Formula

Posted by Tony Cole on Wed, Dec 30, 2020

Lots of people talk about goals and having a plan to achieve said goals. And there is lots of information out there about how important it is to have an tracking system in place to make sure you execute your plan effectively. But what about the GRIND required to increase sales and achieve success?

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There is a sales production target out there – somewhere. It’s different for every person and every organization but it’s out there. And for every person and every organization there is the actual sales production result that is being achieved today. That is the Sales Opportunity Gap. 

The Objective Management Group Sales Effectiveness and Improvement Analysis is the guide that makes you the hero to close the sales growth opportunity gap. The findings in this analysis clearly lays out the current status of the sales team in these areas:

  • Will to Sell and Will to Manage Sales
  • Sales DNA, Sales Management DNA
  • Sales and Sales Management skills
  • Systems and processes that support sales growth
  • And more

These items are critical to understand if you ever hope to strategically and intentionally grow sales in your organization (or for yourself).

But this alone is not enough. Goals and Grind are also 2 requirements to get you from where you are to where you could be.

I'm reading Bob Rotello’s “How Champions Think in Sports and In Life”. I am in the middle of the chapter: Goals, Plans and Process. Lots of people talk about goals, goals setting and having a plan to achieve said goals. And there is lots of information out there about how important it is to have an accountability system in place to make sure you execute the plan. But the thing that struck me about Bob’s chapter is the discussion about the GRIND.

GRIND: it’s not talked about enough when it comes to discussing how to achieve a goal. The grind is the day-in and day-out stuff that you have to do to leverage your natural talents. The grind is the hard stuff, the stuff where we have a tendency to procrastinate.

So, what’s the grind in Sales?

  • Making the prospecting effort on a consistent basis
  • Pre and post call sessions
  • Practicing your sales skills
  • Inputting data in your CRM
  • Going to sales meetings
  • Having 1-on-1 coaching sessions with your manager

This is the grind. This is the stuff day-in and day-out that, when executed properly, leads you to your definition of success. This is what leads you to accomplishing your goal. Without the grind your goal is just a dream.

Need Help?  Check Out Our  Sales Growth Coaching Program!

Topics: reaching sales goals, sales prospecting, sales goals, increase sales, prospect outreach

The Secret to Improving Sales Success

Posted by Mark Trinkle on Wed, Dec 23, 2020

In this article, we cover the basic principles of control in sales and how the little things build momentum when it comes to selling effectively and separating yourself from the competition.

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Guidelines to Sales Success

One of the most frequently asked questions we receive from salespeople is, What is the secret to sales success? or, Can you just give me the magic?  I need to sell more business.  Actually, there is a secret sauce, and if you will permit me to enter your kitchen, I am going to serve it up to you.

There is no one thing that is a big thing in selling.  In our organization, we refer to selling as a “slight edge business.”  By that we mean that the line that separates high performers from mediocre performers is usually a very small difference.  Think in terms of maybe just one or two more conversations a week, or one or two more presentations a month.

The Olympics are a perfect example of this truth.  Think of almost any race, whether that be swimming, track and field or skiing.  Do you know what separates the athlete who wins the gold medal from the athlete who finishes just outside the bronze medal?  The answer is fractional seconds, sometimes even as little as tenths of a second.

How to Have More Sales Success

We all want to become a better sales rep, and ask ourselves how to be successful in sales?

There is very little you can control in selling.  You can’t make prospects take your call.  You can’t make prospects agree to meet with you.  You can’t make them move forward in your sales process and you certainly can’t make them buy from you. 

There are only 3 things you are in control of:

  1. Your effort on a daily basis
  2. Your attitude on a daily basis
  3. Your investment in becoming a better or smarter version of yourself (self-improvement)

 

Sales Guidelines

Selling is not going to suddenly become easier.  Leads are not likely to become more plentiful. So, the question that is worth asking is this:  What are you doing to shave fractional seconds off your sales time in the race you are running

What are the little things that when done week in and week out will amount to big things in terms of your 2019 production? 

Maybe it is the one more conversation you need to have each day with a prospect.  Maybe it is the one book you will read or the one new connection you will add to your network that will make all the difference.

Sometimes little things are so small you won’t even notice them when you look back at your sales success.  But that doesn’t mean that it is not a big thing to worry about the little things.

Need Help?  Check Out Our  Sales Growth Coaching Program!

Topics: key to sales success, improve sales, sales prospecting, sales success, increase sales

Call a Sales Audible!

Posted by Mark Trinkle on Thu, Jun 11, 2020

In today's blog post, we discuss the importance of calling a sales audible at the line of scrimmage.  Like an elite Quarterback, an elite salesperson must be willing to change things up when they're not working and be open to trying something completely different in the field.

We've all been there before and we all know the definition of insanity by this point.  So, what can you do about it when things aren't going your way and you are ready to increase sales?

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An audible is, "A change in the offensive play called by the Quarterback at the line of scrimmage."

A few years ago , I thought of that definition in Chicago, IL, as my Uber driver made several deviations from her GPS directions in transporting me from the Midway Airport into downtown.

As I rode along with the windows down on a beautiful and sunny day in the Windy City, my thoughts turned from sightseeing to salespeoplespecifically, the need for salespeople to make changes on the fly, whether that be during the initial phone call, the first meeting, or even at the time they present their solutions.  

Is there a better time than right now to try something different in your sales approach?

Anyone and everyone who has had any exposure to our company knows that we are completely sold on the importance of process.  We have table-pounding conviction around how important it is for a business driven by sales to have certain key processes in place regarding their sales infrastructure. 

And, of course, we believe that sales training creates the most return on a client’s investment when the salespeople and sales managers are following a sales process where opportunities are moving through the funnel in a stage-based and milestone-centric manner. 

We believe that firms who don’t have a consistent sales process (everyone following the same steps and using the same terms to describe stages in the sales process) but who implement such a process can often see a 15% to 20% increase in new business sales.

But, here is something worth rememberinglife is complicated.  Ferris Bueller (I can’t come to Chicago and not think of him) told us to slow down or we might miss something

And the same is true with selling.  Sometimes you just need to slow down and do something unconventional.  Sometimes you need to do something that is contrary to what even your training has taught you to do. 

Sometimes you just need to call an audible.

To be clear, usually your training is going to be correct.  But, sometimes, you will need to remember that selling is both science and art, and the art part means you might need to listen to your heart and occasionally let that heart override your mind. 

Of course, the best in the business know when to listen to their head and when to listen to their heart.  And if they get it wrong every so often, so what? 

They get back up and they keep going.

So, listen to your heart.  Sometimes you will need to call an audible to get back on the saddle and to increase sales within your organization.

Topics: sales performance, sales management secrets, sales succes, sales meetings, sales performance poll, sales plans, sales talent, sales priorities, sales management responsibility, sales professional, sales systems, sales skill improvement, sales thinking, sales trainers, sales myth, sales practice, sales management, sales results, sales prospecting, sales techniques, sales tips, sales improvement, sales success, sales leadership development, sales problems, sales recruiting, sales onboarding, sales menagement, sales management tools, sales productivity, sales recruitment, sales skill assessment, sales madness, sales training courses, sales training workshops, sales training seminars, sales training programs, sales team evaluation, sales training programs cincinnati, sales training workshops cincinnati, sales performance management cincinnati, sales training cincinnati, sales training courses cincinnati, sales training seminars cincinnati


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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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