ACTG Sales Management Blog

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The Importance of Profile Fit in No Assembly Required Hiring

Posted by Tony Cole on Thu, Feb 18, 2021

Your potential sales candidates have to have a successful history selling the way your company sells, to the people you sell to, in the environment you sell in.

In the 5th installment of our blog series, No Assembly Required Hiring, we discuss the importance of recruiting salespeople who not only fit your selling requirements but also match the specific criteria of your organization.

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You believe you recruited Wonder Woman: someone with a great resume, OMG findings that showed strong Will to Sell, great Sales DNA, and they scored well in Sales Competencies. You could reasonably expect Wonder-Woman-level sales results. However, 12 to 18 months later, the results you see more closely resemble Aquaman (the 1967 version- not the new and improved Jason Momoa model). 

So what happened?

There could be a couple of explanations:

  • All salespeople need coaching – it could be that your sales manager is great at managing performance but not at coaching.
  • The onboarding process didn’t address some of the findings that needed work in either the Sales DNA or Sales Competencies categories.
  • The OMG is 92% predictive – you may have hired 1 of the 8 that got through.
  • Or, and this is the topic for our discussion today, it could be that there was a poor role fit.

When using and establishing the OMG pre-hire assessment, the sales executive answers a series of questions about the environment that exists within the company and what is required to be successful in that environment. The questions asked revolve around, but are not limited to, areas like the following:

If this is what it takes to succeed in your organization, and your candidate doesn't have success selling within your environment, they will struggle despite the Will to Sell, Sales DNA, and Sales Competencies. When we see overall strong results, but there is a mismatch with your criteria, “Recommended for Hire" doesn’t mean hire! You have to be ready to take on a project, adjust your onboarding expectations, increase the frequency of coaching, and change the type of coaching you would typically conduct.  

Need Help?  Check Out Our  Sales Growth Coaching Program!

Here is a sample from the pre-hire assessment that provides information about role match:

Imagine for a minute that the candidate did meet OMG Criteria scores for the Will to Sell and Sales DNA. There would still be a yellow flag in the category of Meets your Criteria if the candidate didn’t answer the questions the same way you did for role experience. This example tells you that your candidate wasn't successful as a high ticket seller, and they will not hunt for new business. This is a mild case of mismatched historical success and predicted success for your organization.

Over 25 years ago, we got our start on the big stage with USI Insurance. Back then the focus of that company, and many in the insurance brokerage industry, was organic growth from current salespeople and occasionally hiring a hotshot broker from one of the larger firms. They looked for brokers that would bring a high level of experience to the firm and possibly bring some large accounts with them. 

Often these highly touted recruits would fail. Why? Because the environment for success was different. They didn’t have a business card that had the name of a company that was easy to defend if something went wrong. Their success was based on the ability to show a card that said Aon or Marsh. In addition to having the right stuff, your candidates have to have a successful history selling the way your company sells, to the people you sell to, in the environment you sell in. 

They have to be a fit, and they have to be coachable. As you think about your next hire, think about the reasons people have failed in the past. Structure your recruiting, vetting, and onboarding process to uncover problems early and/or address them if you decide to take on a project.

Trial the Highly-Predictive  Pre-Hire Sales Assessment

Topics: Sales DNA, performance management, increase sales, hire better salespeople, will to sell

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".

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

Is Your Sales Growth Stuck in the Chimney with Kris Kringle?

Posted by Tony Cole on Wed, Dec 11, 2019

In this blog, we discuss the concepts behind real, tangible sales growth and ask the question, "Is Your Sales Growth Stuck in the Chimney with Kris Kringle?" 

Sales growth is dependent upon Closing More Business, More Quickly, at Higher Margins and we are here to show you how you can accomplish this within your organization!

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This morning, my wife (and ACTG's President CEO Linda) and I were watching Morning Joe while talking business.  We were discussing our brand promise of:

"When you lie awake at night worrying about sales growth, we lie awake at night.” 

We compiled a list of questions that often haunt managers throughout the day and into the night when they should be preparing for a good night’s sleep:

As we’re talking, we see a news banner at the bottom of the screen about a man who was arrested for breaking and entering a home.  He was apprehended after the police entered the home and saw his feet dangling from the chimney.  As usual, I automatically started thinking about how that related to sales, sales management, performance management, coaching, pipeline, pre-call strategies, etc.

And, since it's that time of the year, it also made me think of this great scene in The Santa Clause: 

 

My first question, however, is this: 

  1. “Do you have sales opportunities that are important/critical for hitting your goals and growing sales that are stuck?”

My second, but maybe the most important question, is:

    2. “Is this particular opportunity a repeat offender?” 

 

QUESTIONS FOR EVALUATING OPPORTUNITIES

Now, there are 2 things to consider when attempting to answer that second question.

  1. Is that opportunity familiar to you and the salesperson who has entered the opportunity into your pipeline management system? (This isn’t the same as your CRM). If we’ve worked on this opportunity before and they – the opportunity – “got away on a technicality”, then this would be defined as a “repeat offender”:
    1. Not the decision maker
    2. Wasn’t able to undo the current relationship
    3. Decided to not make a change
    4. Couldn’t arrive at the price point
    5. Really didn’t have a solution that fit the features and benefits they were looking for
    6. The timing wasn’t right
  2. Are other opportunities stuck in the pipeline/chimney for the very same reasons as this one?  The salesperson failed to execute the qualifying steps in your sales process:
    1. No compelling reason to make a change identified
    2. Competition unknown
    3. Incumbent still part of the equation
    4. Budget for investing time, money resources is a mystery
    5. Decision making process has not been uncovered
    6. Timing or urgency of making a decision not clearly understood
    7. Agreement on next steps unclear
    8. Did not ask the question – Is this a “want to fix” or “have to fix” problem?

CMBMQHM AND WHAT YOU NEED FOR SALES GROWTH

Sales growth is dependent upon this – CMBMQHM.  My staff hates it when I make up acronyms like this.  When I put these in our learning decks, the people in my office want to know what the acronyms mean. 

Close More Business, More Quickly, at Higher Margins

So, what does it take to accomplish CMBMQHM?

  • You must have a milestone-centric sales system – something that can be quantified, measured and evaluated for progress towards the objective of “getting a decision”. (This is not the same as “getting the sale”.)
  • You have to have a process for building a success formula for each salesperson based on that sales system.
  • You have to have complete buy-in to the use of your pipeline management process. Here are the guidelines to get that buy-in. It needs to…
    • Be easy to use
    • Be effective
    • Be beneficial to the user
    • Provide you with business intelligence
    • Automatically generate and send reports to you so you don’t have to go find the information
  • You have to have a system of pre-call strategy sessions for EVERY opportunity that meets or exceeds the benchmark of your top 33%.
  • You have to have a post-call debriefing session for every opportunity you discuss in the pre-call session.
  • You have to conduct a CSI – “Crime Scene Investigation” – for every deal you don’t get.
  • Finally, you have to conduct 1-on-1 coaching sessions that are intentional.
    • They are based on the findings from your pre- and post-call meetings
    • They are based on what your data is telling you about the choke point(s) a particular salesperson is having or the most common choke point(s) for the group
    • The coaching needs to accomplish 1, if not 2, things:
      1. Change behavior
      2. Improve skill

Additional Resources:

Download the Success Formula Worksheet

Sign up for our Effective Selling System Online Demo 


 

Topics: Sales Training, hiring sales people, Sales Management Training, How to Increase Sales, Sales Coaching, increase sales, hiring better salespeople, how increase sales, grow sales, sales growth problems, will to sell, sales challenges, life lessons, creating new sales opportunities, practice schedules, selling tools, sales productivity tools, budget, solution, sales conversations, sales effectiveness training, banking sales training, professional sales training, consultative sales coaching, corporate sales training, sales force performance management, sales training courses, buyers journey, social selling, online sales training, politics, hire better people, insurance sales training, brand video, train the trainer

Hitting Your Sales Goals – 3 Challenges to Overcome

Posted by Tony Cole on Mon, Aug 26, 2019

In this article, we discuss the 3 challenges facing salespeople today: 

  1. Will to Sell
  2. Sales DNA
  3. Sales Skills

During training discussions over the course of more than 20 years, the #1 most common answer when asking sales leaders how their teams could sell more consistently over the years has been, “If I had more / better prospects to call on.”

In order to address the problem of getting more qualified leads, sales leaders and salespeople need to first understand these three challenges.

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In the last 30 days, I’ve talked to more than a dozen company executives, sales people and sales managers.  I’ve asked them, “What is the #1 constrictor to hitting your sales goals?”  The answer every time was: getting more qualified leads.  I know this is not a large sampling and I would be concerned about the validity of this finding if only 25% of them said that getting more qualified leads was the main problem. But that isn’t the case.  The consistency of answer in this survey indicates a trend to focus on.

There is further validation of the current finding:

During training discussions over the course of more than 20 years, I’ve asked sales executives, presidents and sales teams to complete the following statement:  I (we) would sell more, be more productive, more effective if only I (we) … 

The #1 most common answer consistently over the years has been “If I had more / better prospects to call on.”

In order to address the problem of getting more qualified leads, sales leaders and salespeople need to first understand these three challenges:

  1. Will to Sell
  2. Sales DNA
  3. Sales Skills

Let me use an example to explain.  We are currently working with a financial institution that is hiring a new private banker in an expanded market.  Using the pre-hire assessment from our partner Objective Management Group, we created a ‘tailored fit model’ based on the performance of the top and bottom current private bankers.  Then, we assessed the 5 candidates they were still considering.

Take a look at these findings:

Figure 1 – How well did the candidates match the clients’ work history criteria for success?  The client created a profile that indicated that the non-negotiable sale success criteria where: 1) must be competition resistant (successfully sold in a competitive environment), 2) Successfully sold value rather than price, 3) Sold to executives, 4) Has successfully hunted and sold new business (this addresses challenge #3 sales skills – specifically skills for hunting/ prospecting), 5) Is an entrepreneurial seller.  As you can see all the candidates being considered marginally met the client criteria for success with 3 of the 5 having an 80% match.

When we look at other findings, we find the 3 challenges most common to organizations that are trying to consistently hit / exceed their sales goals.

Figure #1 -When we look at Challenge #1 – ‘Will to Sell’ we find the following:

Only 1 candidate meets all the criteria for Will To Sell. The question becomes:  How important is the will to sell when attempting to overcome the challenges of finding qualified prospects to talk to?

If 1/3 of your current team lacks the will to sell, what is the likelihood  - despite all the ‘prospecting’ training you provide them – that they will actually execute?  Also note that one of the candidates with strong desire, commitment and outlook will still be prone to making excuses for not prospecting, asking for introductions and networking. (Desire for Sales Success)

Figure #2 – Sales DNA (Sales DNA Audio) findings for the 5 candidates looked like this:

This post won’t go into the definitions of all the criteria you see here, but understand that green is good, and red is not so good.  If you look to the right of the graph and look at the Total Sales DNA, the scores in green and red told our client what they needed to know.  If everything else is equal in the equation, then your people with strong sales DNA are more likely to do the activity of prospecting and will be more successful.

*Candidate #2 meets the criteria of the client, has a very strong will to sell, and has the highest sales DNA score.  How many of the people on your sales team measure up to this ‘elite’ candidate?

The world of selling is certainly different today than it was just 5 years ago.  Your prospects in the marketplace have more ways to find more information about you, your products and services. They have more ways to compare you against your competition and all of this happens without you or your salespeople even making contact with them.

To meet the challenges of today, you need a sales team with the right stuff to get the job done!

 

Topics: sales skills, Sales DNA, developing sales skills, will to sell, sales challenges

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    About our Blog

    Founder and CLO Tony Cole has been working with financial firms for more than 25 years to help them close their sales opportunity gap.  He is a master at using science based data and finely honed coaching strategies to help build effective sales teams.  Don’t miss his weekly sales management blog insights.

     

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