|
RSS Feed
Posted by Patrice Murray on Tue, Feb 02, 2010 @ 07:04 AM
 The other day, I read a post by Dave Kurlan on 3 Powerful Excuses for Maintaining Mediocrity in Your Sales Hiring. Quite a provocative title, no?
I read Dave's points from my perspective as s a former Inside Sales Manager. I have to admit blushing with a bit of embarrassment as I recognized past mistakes in his points. To set the stage, Dave presented on a Sales hiring webinar and was asked: If your recruiting process works so effectively, and your assessments are so predictive, and they save so much time and money and consistently identify top performers, then why don't more companies use them? It is a key question. Dave responded with three reasons (highlighted sections below): ego, money & fear. 1. Ego. Most sales managers simply have a mindset that they should know how to do this without asking for help, relying on tools, or following someone else's process. If we didn't have well-developed (putting it mildly) egos, then I don't believe we'd be in Sales. Fortunately, a well-developed (ok, big) ego, can be necessary in business success. Unfortunately, when in management and responsible for a team's success, ego needs to be shelved in order to take advantage of tools, processes and perspectives from other sources and experts in these areas. Eventually, we call have to embrace our own "ego-management". Think of a ship's Captain in distress refusing help from the Coast Guard (professionals, experts in their field). The end result could very well be a sinking ship. Seeking out and tapping into resources is the sign of strength, not weakness. 2. Money. Every company pays their worst performer far more than it would cost to get the right process, tools and skills in place. Even though every hiring mistake costs as much as hundreds of thousands of dollars, some companies simply don't view those losses as line items. It's always baffled me how some Managers will continue to hire people who just aren't the best fit for the position and the culture. Similarly, I've seen managers have great and expensive sales meetings to get the team motivated, and once they're back in the office, everyone goes back to the same routine and same processes. A better ROI would be to invest in re-evaluating your sales process and ensuring that your messaging and tools are geared towards how your buyers want to buy and not how you want to sell. 3. Fear. Fear of the unknown, of being wrong, of change, of losing control, of being criticized, and of a learning curve. Fear of criticism from Senior Management, your team, fear of change, and fear that the people you hired and the processes you've implemented just aren't going to work. Fear can make a Manager become distracted. Sales Managers, and people in general, are not all-knowing and can't be experts on everything, contrary to what we may think about ourselves. A good Manager will admit these realities and turn them into 3 powerful reasons to utilize every tool available. It is a different world we sell in now so what you used at another company 5 years ago may not work now. Your product offerings may be changing, your markets may be evolving, your sales goals may be higher, your team players may be different - so embrace that reality and create a new vision for success. Are you ready to turn your negatives into positives for 2010? (Photo credit: Troy Holden)
Posted by Gail Milton on Tue, Jan 26, 2010 @ 07:29 AM
 The other day at the recent Boston AA-ISP meeting, I was speaking with a few Inside Sales Reps about challenges standing in the way of their success. Consistently the answer was "tenured entitlement".
I asked the Reps to describe what they meant and here's what they shared:
Tenured entitlement is when a Rep has some special status (either based on past performance, longevity with the company or a relationship with management). They are separated from the roles & responsibilities of the rest of the team and not held to the same standards.
So I dug a little deeper. How is this preventing the overall group from being successful?
From the individual Sales Reps the overwhelming answer was: "It's not fair! I'll never be #1 on this team."
I reached out to a Sales Manager colleague to discuss the problem. Here's what they shared: "These people are very necessary, doing their thing, making their number, but they are working in a vacuum. The market is changing and our sales tactics need to change with it. I should be able to use these people as role models, instead, they are road blocks to change and difficult to manage."
I was shocked. How could any good Sales Leader allow this atmosphere to grow and destroy the morale of their department? It was de-motivating and sucked the wind out of the sails of hungry Sales Reps.
Then it hit me, I did exactly the same thing when I was a Sales Manager! I didn't realize it, but I was guilty of allowing tenured entitlement. And I don't think I'm alone.
Does this sound familiar?
You've got this person, who has been with the company for a very long time. They know the product and process and at one time they were on top. They are reliable; they can fill any hole because they know everything works! Slowly, without formality, they acquire this "special status". They are asked to take on special projects and before you know it they aren't required to make as many calls or close as many deals.
The trouble is, this person isn't a "sales superstar". Maybe they were at one time, but now they are your "go-to person" (with a lower number and special status).
The ramifications of Tenured Entitlement
- You start to hear the grumbling: How come we have to do this and Mr. Special doesn't?
- New hires are de-motivated. Even if they do become #1, Mr. Special will be standing next to them as they accept their award.
- And what about Mr. Special? He knows he's coasting and is probably bored to death! Even worse he is set apart from the rest of the team and instead of being admired, isn't liked.
So what's to be done?
Take the time to understand motivation It's an important ingredient in sales management. We all have our natural style for motivating others. Some members of our team respond well and we know who they are.
Maybe "Mr. Special" would have risen to the occasion if I had said directly:
You are my go to guy, but the reality is, I need more productivity out of the entire team. You included. What will it take for me to motivate you to get to that level again?
Scott Herrick of Cube Rules writes:
|
Give work to feed their strengths and starve their weaknesses.
Managers assign stardom through the work they delegate. If you can't figure out the strength of a person and give the right work to them, of course they won't shine. Give them the right stuff and you will get the maximum effort and production from a person who wants to deliver results |
Bottom line, as a leader you should expect the best from your team. No one should get to bathe in the limelight of past performance for more than 30 days!
In order to attain peak performance, you will need to take the time to understand how to motivate each individual on your team. Over time, what motivates them could change. You need to stay tuned in and notice when you are no longer being effective. Have the discussion with them and see if you can
I'd like to hear if anyone else shares my guilt? What are your thought?
(Photo credit: citizensheep)
Posted by Matt Bertuzzi on Tue, Jan 19, 2010 @ 01:59 PM
Note: I've been thinking about this post for a while and the earthquake and it's aftermath in Haiti have really brought it top of mind.
Many Executives, and often Reps themselves, will describe salespeople as "coin operated". That's what the spiff model is all about, right?
- Establish a goal
- Run a spiff
- Comp the winner
- Shame the losers (?)
I recently ran into a post by Lilia Shirman over at Revenue Orchard where she asks:
Maybe sales reps don't operate by the same rules as all other humans. But I doubt it. Would love to know for sure. Anyone out there who's tried something other than a spiff to motivate sales?
For some time I've been thinking about that very question and how Inside Sales groups might integrate team based and even social / philanthropic giving into motivation programs.
The folks over at Green Leads have a really interesting program and I asked their COO, Linda Flanagan, to share a bit of background.
-----
Linda, last year Mike wrote about the Green Leads team-micro lending project. Can you share how that got started?
Linda: Mike and I are big believers in the "green" thing, hence the company name, and we were out on the west coast with our good friend Christopher Lochhead. He introduced us to Kiva and we were addicted. At first, we opened a personal account and started making micro loans, then we came up with the idea of sharing the idea with the company. It started at one Friday night weekly meeting at the local pub. Mike said "If you guys contribute to Kiva, we'll match it!". A day later we had a Green Leads lending team.
How does the team participate in the Kiva lending process?
Linda: Every month the team donates from their commissions. We also allocate SPIFFs that are specifically directed to Kiva. We then send around some links to specific Kiva projects and people choose. Nothing formal. Just "I like this guy, he's doing a fish farm" or something.
What benefits have you noticed?
Linda: Most good comes from good...someone said that. In our case, we've seen some of the most sales-quota-dollar-pinching-sales guys donating the most and being the most compassionate. It's great. We have one guy who used to be a wooden toy craftsman before getting into technology. He asked to fund a carpenter.
The great thing about it all is that it's perpetual. As the folks we loan money to pay it back, we can use the money again to fund another project. It's an annuity. It's a Green Leads fund of good will.
----
I absolutely love what Linda and the team are doing over there. Salesforce.com is also doing some great "integrated philanthropy" work with their 1/1/1 model.
Our 1% model is all about getting the most bang for the buck. We take just a fraction of salesforce.com's time, product, and equity, and give it to social-change organizations so they can amplify their impact.
We are in the process of building out a Bridge Group charitable project based on the Salesforce 1/1/1 model and we will keep you posted with what we come up with.
I'd love to hear from our readers on what you‘re doing. Please share.
-----
I'm sure you've already seen this, but you can donate $10 to the American Red Cross by texting Haiti to 90999.
(Photo credit: lightsight)
Posted by Trish Bertuzzi on Fri, Dec 18, 2009 @ 06:18 AM
Earlier this week Tibor Shanto wrote a great piece for our blog. The net/net was that a focused effort around increasing productivity could save a significant investment in headcount. I would like to expand on his thought process but to start; here's the excerpt that sets the stage:
|
A few years back, in a piece in the Harvard Business Review, it was stated that an 8% improvement in the productivity of your existing sales team will result in the same sales growth as if you were to add 27% more reps. I am sure the numbers may have changed a in the three years since it was published, the underlying reality has not. In fact what has changed is the ability of organizations and managers to add headcount, in the post-Lehman Brothers-era, cost restraint is the overriding mantra. So with the added stress and demands on the average sales rep and team, the question becomes how to achieve this productivity without distracting the team or breaking the camel's back. |
So, here are 8 things that Sales Leaders can do to ensure that they get that 8% uplift:
- Look at your go-to-market strategy, look at it again then look at it one more time.
If you have implemented the same strategy in the last three companies you have worked for, you might want to take some time to lift up your head and check out what has changed. LOTS has and you want to be sure you are pushing the edge of the envelope with your sales and marketing strategy.
- Get creative with the roles and responsibilities of your team.
Just because you have 8 field or inside sales reps it doesn't mean they all have to do the same job. Figure out what your market dictates and how you can best serve your buyers then build your implementation around their requirements. Focus your resources where they will have the most impact.
- Bond with marketing. Marketing is the new black.
There has never been a better time to be a Marketing Executive (oh wait, maybe in the days of the internet bubble when the fish jumped into the boat but other than that, now is good!) Marketing is smarter, more communicative and better armed with knowledge and technology than ever before. Make your Marketing counterpart your "work husband/wife" and spend as much time with them as you do with your team. It will pay off!
- Pay attention to what is important and not just what is urgent.
You got the job because you are smart, know the market and can sell the heck out of the product. Share your knowledge! Don't be holed up in your office pushing metrics around for your next board meeting. Get out there and coach your team. If you haven't walked in their shoes lately then you can't bitch about how fast they walk.
- Invest in technology intelligently.
Technology will not solve your problems. Only a great process that is executed flawlessly can solve your problems. So before you buy that next shiny new thing make sure you have defined, documented and communicated your sales process. Then after you have done that, make sure that the technology you already have is being used to its utmost. OK, now you can look at the shiny new thing.
- Do a better job at hiring.
Is your hiring process impeccable? Would you consider your hiring process a science or an art? Do you keep hiring people that you "feel good" about and then get frustrated when they don't perform? Hiring is the most important thing you can do. Where does it fall on your priority list? Is it a burden or a joy? The answer to that question tells the tale.
- Invest in success.
OK so you hired great people. Don't assume they can figure out how to be successful. Every driver needs a roadmap when they begin a new trip. Look at your existing sales tools and rate them on a scale of 1 to 10. If you are a 7 or below - invest! How much time is wasted with Reps creating their own tools today?
- Ask and ye shall receive. Don't be afraid to ask your team what they need to be more productive.
They know and they will tell you. Don't pay attention to the one-offs, but do pay attention when you see consistency. If they need tools, give them tools. If they need training, get them training. Don't be the roadblock to productivity - be the road to success!
So get out there and achieve your 8% uptick in productivity. You can do it! Please share your thoughts.
(Photo credit: mixergirl)
Posted by Cindy Littlefield on Fri, Aug 07, 2009 @ 06:43 AM
 Selling in this economic climate is a job requiring fortitude. That's why I was so excited recently by the little gift I received in the Selling Power video: The Hero Within.
During this conversation, CSO Insights's Barry Trailer discusses the need to change our orientation in Sales and realize that a Sales Rep is not just their number. Barry points to Tiger Woods as a positive example. He discusses how during his road to recovery, Tiger effectively "focused on what he was doing well" and didn't equate bad performance too closely with himself.
I play golf so the topic really hit home for me. As Sales professionals we do measure ourselves by results.
- How close is my team to making the number?
- How will I look to my VP, the CEO, the Board?
- How do results make me feel?
Good numbers mean I am a good Sales Leader. Bad numbers mean I am not so good. Self worth is so tied to the numbers!
I took a series of golf lessons this season and my game really improved. It improved because I learned not only what I was doing wrong and ways to correct it, but also, I learned how to look at what I was doing right and focus on that. I learned a routine that I can repeat and practice over and over again.
For all of the golfers out there, you know what I am talking about and it is the good shots, the surprise shots, the great putt you just sank that keeps you coming back to the game.
Continuing the golf analogy, here are some bits of advice to share with your Reps:
- Hit the practice range
Highly successful Sales Reps build pipeline every day. How do they do that? They spend at least one hour a day reaching out to brand new prospects. These are their power hours, no emails, no chatting, no twitter or facebook, just outbound prospecting.
- Drive it down the fairway
When a Rep schedules a meeting with a target account, that's their great drive down the fairway. Help them understand that you don't always have a great drive. They must accept this and try again on the next hole.
- The short game
Effectively moving the sales process forward, much like the short game, is the most difficult part in my opinion. Reps have so much to strategize about. Reading a lie badly or choosing the wrong club can severely hurt the score (or sales opportunity).
Also, different Reps have different comfort zones. I'm a great long hitter, but up close to the pin, not so confident. Similarly, some are excellent at presentation while weak on the close. Have your Reps identify their weaknesses and work with them on those skills.
- Putting
Everything is going great but at the last second the ball goes left and not in the hole. Does that make me a loser? No, does that mean I am a bad sales person? No. Sometimes the decision making process just goes awry and circumstances are out of your control. Know your job, do it well and let the missed opportunities go.
My point is this: Golf is a game. It is a practice. Just the same for Sales, it is a game where we know the rules but sometimes our ball goes left and we don't get the sale.
Jack Nicklaus once said "focus on remedies, not faults". That is exactly what we must encourage our Reps to do.
At the end of the day, they need to focus on what went right that day, and how they can improve their "drive", "short game" and "putting" going forward. And since I've quoted Jack, here is another by him: "Resolve never to quit, never to give up, no matter what the situation".
Now go out there and help your Sales team close some business.
(Photo Credit: SvendO)
Posted by Debbie Boucher on Wed, Jul 01, 2009 @ 07:49 AM
I got an email last week with the subject: "Knock Knock - It's the Fourth Quarter." That subject definitely caught my attention.
In it, Lee Levitt from IDC, lays out the case that what we do now will have huge impact on not only the 2nd half of 2009, but future success in 2010. Lee argues:
| What you accomplish in the next quarter...how your organization performs over the next couple of months...will determine not only how your year will conclude, but it will also set the stage for 2010. End this year strong and next year will go well. End this year weak and you will have less budget, less pipeline, less momentum for success in 2010. |
So how can we ensure that Inside Sales is ready to meet these pressures? Here are a few tips you can implement to focus your team:
- Help Them Grow and Cultivate Territories
Give your team the goal of adding 5 to 10 new contacts a day to their calling cycle. The top of the funnel is more important than every before. Reciting the same message to the same prospects just isn't going to get the job done.
- Help Them Focus on High Yield Activities
Everyone gets swamped with meetings, emails and other distractions and before you know it mid morning has arrived and no one has made a single outbound call! Make sure your Reps follow this simple 10 x 10 rule; make 10 calls by 10:00 AM every day.
- Help Them Maximize Leads
Your team just received a batch of leads from a recent marketing event and it's time to follow up. Many times, Reps will look at the list and see that they are all low level prospects.
So how do you satisfy Marketing, best use selling time & add to pipeline? By placing 1 call and 1 email to the low level responder and then letting them self-identify. The key to this strategy is to make sure your Reps remember to focus on the Account and not the Contact. If the account meets your Ideal Customer Profile, then Reps should target the decision makers even if they were not the ones who responded to the marketing event. You still need to talk to them right - so why wait?
- Help Them Tune Up the Messaging
Make sure Reps give prospects a reason to call them back. Is their messaging clear? Is it concise? What about compelling? Lee points out that we "need to rearchitect the sales conversations. Why should a given prospect buy now? Why should a client upgrade now? (Hint - it's not because you need the revenue!)"
- Help Them Be Successful
As Lee says, you are the secret weapon if you are a first line sales manager. When you spend most of your time coaching reps, rep performance soars. After all, your job really should be about coaching for success and not about data management.
As always, I'd love to hear your comments. What steps are you taking to address these issues?
Posted by Trish Bertuzzi on Tue, Jun 23, 2009 @ 06:37 AM
Paul McCord was kind enough to invite me to participate in his Boost Your Sales Series. The following is cross-posted from the Sales and Sales Management Blog. ------
I am not a fanatical baseball fan like some of my friends. My friend Linda can quote stats and facts about the Red Sox till your head spins. She lives for the game.
Anyway, the reason I want to talk about why prospecting is like baseball is because I recently saw a quote by Mickey Mantle that struck home:
| "During my 18 years in baseball, I came to bat almost 9,000 times. I struck out over 1,700 times and walked over 1,800 times. That means I played seven years in the major leagues without even hitting a baseball." |
Wow - 7 years without hitting the ball! What dedication, what a positive mental attitude, what a viewpoint that you have to put in the time to get the results you need to be an all star.
Don't you wish your sales organization understood that successful prospecting needs to be based on the same positive attributes?
How many times have you heard Reps say: "I called those leads and they are terrible"? Then you go into the database and see that they lobbed out a few calls to a few of the leads and, big surprise, they got out of that effort what they put in - nothing.
Or, how many of them lament that cold calling yields no results yet they never do it? Or, and this one gets my blood boiling, how many times have you heard them call a prospect and say "Bob, I was just calling to follow-up on a whitepaper you recently downloaded"? Yeah, that's a compelling message!
So, how do you provide them with the dedication, positive mental attitude and the understanding that every prospecting exercise may not result in a home run? You coach them - every great athlete has a great coach behind them.
- Coaching Step 1:
Give them the metrics against which to measure themselves. Baseball is all about stats and so is prospecting. Set their expectations that they will connect with 20 - 25% of their dials and that 10 - 17% of those connections will result in a qualified opportunity.
- Coaching Step 2:
Provide them with the equipment they need to be successful. Give them great leads, give them accurate lists and give them great tools. Have you created elevator pitches that are about your buyer persona and not about you? Have you crafted voicemail messages and emails templates that deliver value and resonate with your prospect's issues?
- Coaching Step 3:
Act like a coach. When was the last time you swung a bat? If you lead a team, you should spend at least 4 hours a month doing their job. Get in there and prospect. There is a double benefit to this - you will walk a mile in their shoes and just as importantly, you will get to hear how the market responds to your messaging. Then take all that great knowledge and coach your team.
- Coaching Step 4:
Let them compete. Sales Reps like to compete and allowing them to compete at the level of prospecting levels the playing field. Not everyone is a superstar when it comes to revenue but everyone can be a superstar when it comes to prospecting.
Well, I am out of baseball analogies so I guess I will wrap up now, but what I hope you take away from this is that just like Mickey Mantle, your team has to invest time on the playing field if they are going win the game!
(Photo credit: dcJohn)
Posted by Debbie Boucher on Thu, Sep 18, 2008 @ 08:48 AM
During my career in sales, I've done both inside sales and business development. What's the difference? With inside sales, I was responsible for my own destiny (i.e., closing deals, carrying quota). In business development, I sold as part of a team, typically partnered with field sales (aka outside sales) and a sales engineer.
I am often asked, "What's the most effective way for inside sales to work with field sales?" I can sum it up in one word: COMMUNICATION. Communication is the key to your success and your team's success.
So here are 3 tips for getting your inside & field teams aligned:
- Establish territories - don't do round robin. Inside reps need to have a set territory to effectively start building pipeline. It can be based on geography, vertical, etc. This way inside sales will take pride in building their territory and benefit from working with the same field reps on a consistent basis.
- Weekly sales call with the aligned field rep(s). It's critically important for the teams to talk every week. Inside sales should:
- get feedback from meetings or calls they've set up - ask if there is something they could have done differently - get input from the field on where to focus calling efforts
Let's face it; you don't want an inside rep calling into John Doe of XXX Corporation when the field rep is already in the account. It's a waste of everyone's time.
- Make the most of your CRM. No matter which CRM you use (e.g. Saleslogix, Salesforce or even an Excel spreadsheet). Every time you pick up the phone, document it. That way everyone is aware of the progress made on any account.
I also recommend using tasks to track conversations on key accounts. If you're like me it's hard to remember every detail of every conversation. By completing tasks when reviewing important accounts, inside sales can record the task as an internal call with the field partner's feedback and directions as notes.
Remember, selling is about building relationships whether with the prospect or your own internal team.
As always, if you have any tips for how inside sales can most effectively work with field sales, please post them!
Posted by Trish Bertuzzi on Tue, Feb 05, 2008 @ 10:41 AM
I find it interesting to watch companies in high growth mode. They get all jazzed up, beat the bushes for good candidates ("we only want A players man"), put the candidate through an extensive interview process, get them on board and then.....ignore them and let them fend for themselves!
As sales managers, are we too busy to invest in creating a training process for new hires that will help them be successful? If we are, it is no wonder that only 60% of our sales organization makes their number. They are learning on the job!
Here are 5 things you can do to ensure a new hire's success:
- Provide them with a Sales Playbook that contains: your ideal customer profile, your elevator pitch, qualification questions, frequently asked questions, objection handling responses....you know, the basics.
- Have them sit and double jack in with your inside sales team that handles the front end of the sales process. Learning how to effectively qualify an opportunity should come before learning how to close one.
- Let them listen to you cold call. OMG, that actually means you will have to cold call. You remember how right? If you are one of the lucky few that has a full pipeline delivered by marketing then count your blessings but if you are not, then you need to teach your reps how to go get the prospects they want and need!
- Have them call all the customers in their territory. Not to say "Hi I'm your new rep do you want to buy anything?" but to say "Hi I'm your new rep. Can we spend some time together so I can get a better understanding of your business and what you need to accomplish?" This will allow them to immerse themselves in what business issues drive customers to look at your solution.
- Provide them with documentation on how to effectively use your CRM system. This will allow them to be more productive and also provide you with a method to monitor their activity and progress.
These are just a few thoughts off the top of my head. What do you have to add?
Posted by Trish Bertuzzi on Tue, Jan 29, 2008 @ 08:33 AM
I found this article on www.justsell.com about a year ago and have kept it ever since. I think it is great advice for all those Inside Sales reps who are chomping at the bit to get to the next level in their careers. "Where do you want to be at this time next year? Five years from now? Not just dollars, but big picture… professionally. Management? Executive-level management? Team leader? Is your plan in place (written)? Are you working your plan? Whatever your next desired career steps are, it's your current actions that'll get you there. But the move into a leadership role requires leadership activities in advance-- before you get paid for the part. A leader takes on the additional tasks, continually contributes to and supports the overall team/ department/ corporate goal or initiative, helps others become better at their work, stays ahead of product and industry knowledge, and anticipates needs of colleagues & customers... If serving in a leadership role is a goal on your career path (for the first time or the next leadership step), start thinking and acting now like the leader you want to be. With authentic commitment & confident patience, it guarantees a rise to the position." |
What great advice! Have any to add? Then post a comment
All Posts | Next Page
Error sending email
Email sent successfully
|