4 Company Culture “Must Haves” to Create a Great Sales Process0

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The Pipeline Guest Post – Jon Birdsong

A great sales process does not start with fancy workflows and flawless forecasts. Forging a thriving sales process starts with something more integral to the organization: the company’s DNA. Make no mistake, company culture cultivates machine-like sales processes. When it’s done right, the result is admirable and motivating.

The past two years have exposed the Rivalry team to a variety of sales processes and sales cultures. Some are amazing. In certain companies, salespeople enjoy going to work, making progress on their goals, and achieving measurable results. In others, salespeople dread work, make no real advancements in personal or professional improvement, and lost when it comes to goal achievement.

We’ve found consistent patterns in company cultures that foster efficient sales processes efficiency. The following are 4 company culture “must-have’s” to create a great sales process.

Coach Like Phil Jackson – it’s indisputable Phil Jackson has the best profile picture on Twitter. Sales organizations who place a high priority on improving the salesperson’s skills have a significant advantage over the average company. Determining the priority of coaching in your organization is easy: how many hours a day/week does your VP of Sales spend coaching. Sales process Yoda and HubSpot’s VP of Sales wrote an excellent piece on 4 Steps to Metric-Driven Coaching.

Hire Like You’re Donald Trump – watch The Apprentice for one season and it becomes clear the value Donald Trump places on his open job positions. Episode after episode, one ambitious contestant is “fired,” leaving them with nothing but a lonely cab ride home. Intimidating potential hires like Donald may not be necessary, but maintaining high standards for new hires is essential to building a sales team. Insider tip: put new hires through your own hiring process and make sure each one fits with the core values of the company.

Mandate CRM Data-Entry – if you want to be a hard-ass, now is the time . We have not come across one, thriving sales organization that does not have the “if it’s not in Salesforce.com, it didn’t happen” mandate. The secret to making this mandate become the salesperson’s best friend is positioning the “why.” Insider tip: hopefully you’ve built trust with your team, if so, then it is important to communicate that entering data in the CRM helps identify their weakness and places focus on areas where you can coach them to improve.

Foster Friendly Competition: – some people are naturally gifted in sales, others work their tail off, and the rest find a new industry. Producing an environment where certain benchmarks and goals are transparent to the sales organization creates peer-pressure and group requirements. These are good. It sets the standard and focuses attention on who is the best. A great sales culture has an easy way to monitor monthly, weekly, and daily progress, so each sales reps know where they stand and more importantly how to improve their standards.

About Jon Birdsong

Jon Birdsong is the CEO of Rivalry, a sales process management company.  You can find him on Twitter and Google +.

It Doesn’t End With the Sale: Managing Customer Relationships0

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The Pipeline Guest Post – Megan Totka

Customers are the lifeblood of any business, and attracting new customers while strengthening your relationships with existing ones is a constant challenge. The best way to do so, however, is a matter that often leaves your sales and marketing staff at odds. Your sales force is focused primarily on closing the deal and landing new customers, while your marketing department wants to nurture customer relationships before and after the sale. No matter what your role at your company, however, it’s to your benefit to continue to nurture customer relationships long after they’ve paid their invoices.

Why Long-Term Customer Relationships Matter

We’ve all heard the adage that it’s cheaper to retain a customer than it is to acquire a new one. After all, you’ve already done the wooing. They already love your brand. If you maintain the relationship, they’ll come back to buy other products or services from you, increasing their customer lifetime value.

A customer with whom you already have a relationship is more likely to refer more business to you. They’re happy to tell others about how much they enjoy your brand when communicating through social media, review sites like Yelp, and face to face with friends. A single customer can help attract business from friends and family if they’re happy. And the best way to keep your customers happy is by paying attention to their needs and staying connected.

Managing Your Customer Relationships

Customer relationship management tools like Insightly and Salesforce make it easy to create profiles for each of your customers. You can track critical data like purchases, each customer’s birthday, and communication preferences. Companies use this data to better engage with customers. If you have your customer’s birthday, you can send her a email with a special birthday offer. If you know she has looked repeatedly at a certain item on your website, you can offer her a discount for it. Building a profile is a great first step; if you are in regular contact with a client, take notes each time you speak with them.

Social media is another fantastic tool for staying on top of customer relationships. Since Hootsuite lets you set up custom streams based on your preferences, it’s a snap to set up a stream containing the social media content generated by all your customers. From there, it’s up to you how far you drill down. You could create streams for different types of customers, such as those buying women’s clothes in one stream, children’s clothing in another, and men’s clothes in the last stream. You could set up a search for a keyword that relates to your industry to see who’s talking about it, and connect with them. The possibilities are endless, but what matters is using the info you gather to enhance your customer relationships.

Once you’ve set up customer profiles, it’s simply a matter of paying careful attention to what’s being said, especially if it relates to your product or brand. If a customer’s unhappy with your company, they might not bother to tell you, but reach out on their social network instead. If you’re monitoring your customer Tweets using your new setup, it’s much easier to discover customer concerns—and address them—before the situation escalates.

From a more positive angle, if you notice a customer tweeting about her search for product or service you provide (that they may not realize you offer), your sales team has a fantastic opportunity to respond and develop that interest into a lead.

Email is another great way to stay on connected to your customer. Don’t bombard your customers with emails, but do make your emails frequent and relevant enough to remind them of why they chose to give you their business. Sending one newsletter and one promotional email at specific times each week or month is a good start, but with a little creativity and careful data management, you can create targeted email campaigns for special occasions or broken out by demographic. Using the data gleaned through your customer relationship management software, you can deliver even more sophisticated and targeted messages, such as discounts for a customer’s birthday for example. The better targeted the offers, the better your connection with your customers.

The aim is to keep growing the connection. With intelligent application of the information you gather, you can build real and lasting relationships with your customers that won’t end with the sale.

About Megan Totka

Megan Totka is the Chief Editor for ChamberofCommerce.com. She specializes on the topic of small business tips and resources. ChamberofCommerce.com helps small businesses grow their business on the web and facilitates connectivity between local businesses and more than 7,000 Chambers of Commerce worldwide.

Conditions Are Not Objections (#video)0

By Tibor Shantotibor.shanto@sellbetter.ca

TV Head

In the heat of a sale, it is sometimes easy to confuse a condition to the sale with an objection.  The key is to understand what you are really dealing with, and respond accordingly.  Done right, it could solidify the sale and the resulting relationship with the buyer.

Take a look, then download the Objection Handling Handbook, and let me know your thought.

Objection Condition

What’s in Your Pipeline?
Tibor Shanto

Why Are You In Sales? – Sales eXchange 20020

By Tibor Shantotibor.shanto@sellbetter.ca

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At the end of this post I will ask you a specific question that I would love you to answer, and I thank you here in advance.

Two things happened this past week or 10 days that led to this week’s Sales eXchange  being a bit different than the usual, and isn’t that what we always strive to be in sales.  First is the fact that this is the 200th Sales eXchange post, and while I had given it much thought, someone asked if I will be marking the fact in any way.  The person that asked me was a young person at an event I participated in recently. The event was organized to present young people with different options for their life after school.

One of the questions going into the event was “What do you want to be?”  Some had very clear ideas, knowing exactly where they want to go.  One young lady was determined to become a speech pathologist due to a friend she had in grade school.   She structured her high school curriculum to set her up for a path of success in post-secondary school, and to her dream career.  Others stated a number of different career plans, some very specific, marketing, finance, construction, software design, and more.  Others were a bit more general, the young man who asked about the 200th post simply stated business.  As an aside, it seems he had been spying my blog (and others) to glean ideas for his high school business class, at least someone is getting value at an early age. But in the end no one said they wanted to go into sales, not one.

Consider that according to the United States Department of Labor, there just under 14 million people employed in sales as of May 2012 in the USA.  The same department pegs the number of lawyers at under 1 million, and software developers (systems and applications) also under 1 million.  Yet fewer than a handful of institutions offer a degree in selling or sales.

There were a number of kids who talked about becoming lawyers, software developers, doctors, even golf pros, but not one said sales.  Which begs the question that if no one sets out to become a sales professional, where the hell did we all come from?  Are we progressing as a profession, or just a modern day version of post war refugee camps full of people making due while they find their next destination?  Are we a repository of other professions outcasts, with the occasional diamond in the rough?  After all, almost 50% of sellers do not make quota, this would not be tolerated in any other department.

So here is my ask – take a minute and think about where you are in sales as a career, how you got here, how you’re doing.  Then take a minute and in the comment box below, tell me:

Why Are You In Sales?

Tibor Shanto

 

Time To Grow Up – Sales eXchange 1980

By Tibor Shantotibor.shanto@sellbetter.ca

grow up

When my kids were young and they would wish for something not real, or as a way to avoid a task, like “I wish I didn’t have to clean my room”, “I wish I could grow up to be a princess”, their grandmother always responded by saying “If wishes were horses then beggars would ride”.  It’s interesting how that expression has great significance and application to many sales people and sales advisors, all now grown-ups.

I am speaking specially of advice doled out by some sales pundits that serves more to placate and patronize readers than help them improve their selling skills and success, delivering clichés and politically correct feel good myth, instead of proven and practical road tested advice based on experience.  While we all want to make our audience feel good, I think it is more important to provide pragmatic advice that yields measurable results, even when it requires effort on the part of the reader and will often force them from their comfort zones.  I for one do not see a problem in challenging readers and sellers, and do not apologize for creating some discomfort in helping them succeed.  Much better than some of the sugar coated buzzword riddled schmaltz others seem to be peddling in an effort to make sellers feel good and allow them to rationalize their lack of effort, inventiveness and results.  But as we all know sugar highs don’t last.

If you are wondering why I am on about this, it’s because once again I have someone taking a shot at my often debated, never disproven voice mail technique, not because it doesn’t work, it does, but because it does not appeal to their “sensibilities”, a sensibility that leads to no returned calls.  As usual the technique is misrepresented, making it easier to cast in a questionable light, they then schmear a load of subjectivity mixed with value judgment, and raising but not speaking to the specifics of words like “trust” or “ethics”.

The reality is that there are no absolutes in sales, nothing works all the time, every time, most things don’t work most the time, so when you have a technique that proves to be 30% – 50% effective, you have something worth adopting.  What’s more, while the technique may seem counter intuitive at first, those who try it, report back a consistent success rate.  Recently there was a debate in a LinkedIn group, there were many who questioned the technique, who once they tried it, liked it, mostly because it got them call backs and appointments.

Most recently, the technique was again misrepresented, and labeled asinine.  I bet I can find some internal memos at most record companies dating back to 10 years ago that called iTunes an asinine way to sell and consume music.  I bet there were some Blockbuster folks who called Netflix asinine.  Interestingly few are willing to challenge it head on.  One challenger was invited to debate the technique on “This Week In Sales” webcast, but declined, I wonder why; not the worst thing, I had the whole show to myself.

As an industry, “sales enablers”, we keep highlighting the fact that only 50% of B2B reps make quota, well what is our role in that?  If we do not push them to better themselves by trying, new, alternative, and yes at times outlandish but effective methods.  We should challenge our audience, not just dust off the edges of tired techniques that play to the emotion of the reader even while ignoring the fact that what is being peddled are just retreads with new labels.

In the end it is down to the reader, our consumer, they choose how they want to make or not make quota.  In the end the readers are like we the pundits, some know what is Shinola, and what’s not.

What’s in Your Pipeline?
Tibor Shanto

Emotion + Risk in Getting Buyers to React and Act! (#video)0

By Tibor Shantotibor.shanto@sellbetter.ca

roller coaster

Today I feature the third excerpt from my discussion with Ago Cluytens, for one his Coaching Masters Series interviews.  Today we look at the roles played risk and emotion in getting buyers to not only react, but act.

In Monday’s clip, I talked about the fact that you don’t need to waste time in waiting for an event to engage with a potential buyer, what you are looking for is the reaction, not the event.  Two things that get reactions every time are risk and emotion.

But while it is true that buyers buy on emotion and the rationalize that decision, it is also true that there are other factors such as risk, stories, sounds, and other factors a seller can leverage to get a buyer to react and more importantly to act.  It is easy to get a ready buyer to react and act, but you need to use many things to get a complacent buyer to engage, react and act.

Take a look:

If you would like to see the entire discussion you can either visit my You Tube channel, or go the Ago’ site by clicking here.  Always open to comments and views.

What’s in Your Pipeline?
Tibor Shanto

Can You Switch Hit For Sales Success?4

By Tibor Shantotibor.shanto@sellbetter.ca

Switch hitter

I remember when I first started working for a company back in the early 1990’s (before we had web mail), the company had two main product lines, and had the usual territories across the continent, primarily driven by geography.   Each territory had two hunters, one for each product, two account development/management (AD) people, again one for each product, and an administrative person, all supported by a central customer care group, as to not overwork the front line folks.  The flow was simple, the hunter was in charge of finding and landing accounts, they would then hand off the account to the AD, who would work on maintaining and growing the account.  No one ever had to move out of their comfort zone, mine was hunting.

As the competition heated up, and costs had to be cut to maintain operating margins, the two teams were collapsed into one that handled both product lines, there was still a clear line between hunting and development of accounts.  While we had to learn a bit about the new product, we were still left in our functional comfort zones.

As in most similar scenarios, the hunter was always in a better position to earn more.  I am not saying that hunters were or are more important than the AD role, the fact was, that there were less qualified hunters than AD types, and this is still so now.

The next round of cuts was a bit more drastic for almost all involved.  Administrative resources were reduced, and more significantly, they collapsed the two roles into one, no more hunters and AD’s, just one person who had to execute both functions.  In some territories the hunter had to learn how to actually manage and develop the accounts they brought on; and the AD’s had to learn to hunt and bring on the accounts they were going to work on growing and retaining.   Since the company had a union to deal with, (yes I know, sales and unions, what a concept, nonetheless), the choice of who stayed and who left was not always made based on abilities and potential.  Many of those who remained were AD types who had to learn how to hunt, in most instances, a much bigger ask than the other way around.  At the same time it turned out that some of the hunter role were in fact “closet account developers”, and gravitated to the AD side of the job, increasing the value of real hunters even more.

To be clear, I am not saying that hunters are naturally better rounded, and are able to easily become good or even adequate AD’s, I was living proof that this was not the case, but hunting was a better cover for AD skill deficiencies; where as you can be a great AD, but if an account leaves for factors beyond your control, and you can’t hunt, you will be in a difficult hole.

As you would expect there were a number of reactions, outcomes and repercussions to the new reality, about 20% – 25% floundered and struggled, and eventually were replaced.  At the other end of the spectrum, about 20% or so, turned out to be natural switch hitters, not losing a stride in the transition, relishing the new found opportunities in the job and the rewards.  They stepped back, reformulated their action plan and then marched forward as if nothing had changed.

A large majority 55% – 60% worked diligently at developing the “other” skill, and over time found the required balance, but as you would expect things were usually skewed towards their original skill set and comfort zone, but they were able to generate both organic growth and new account growth.  No surprise the hunters had just as hard a time, if not harder, in developing their AD skills, than AD’s had in developing enough hunting skills to make sales happen.  What was interesting is that in the end both groups leaned more on improved hunting than improved maintenance skills.

Again this is not to say that being an AD does not require skills, is easy or any other “better/worse” comparison, but does speak to the fact that getting to the right person to have the right conversation with, is still the biggest challenge in sales.  Most sales people I speak to, be they traditional sellers, social sellers, or other, tell me something along the lines of “get me in front of the right prospect, and I will close them”; and they probably will.  But the ability to find and engage with the right person, and then talk about the right things, those things that will lead to real engagement, is a rarer skill, but one that can be learned and with practice, and mastered.  Those that do, are your switch hitters, they can deliver revenue in by succeeding in both cases, prospecting and selling.  The difference between baseball and the revenue game, is you need to do both to succeed, you need to be a switch hitter.

Since then sales teams have continued to contract, sales goals have continued to grow, as has the number of sales people who almost, but don’t always make goal.  These are the group of sellers I call the “80-90 Percenters”; year after year they deliver 80% to 90% of plan, and when you strip back the layers, most often you’ll find that they are great at growing their base, but not as good at finding, engaging with and brining on new clients.  Their new business growth is usually from referrals, or people who are like people who have already bought from them.  Again, nothing wrong with the thinking or reality, just the lack of consistently delivering against plan.

In today’s market there are a number of parallels; a specific one can be found in those industries that are making the transition from selling products, to managed services.  You see this trend in any number of industries, from copiers to managed print service; break fix to managed it services; in transport from loads or lanes to managed freight services; really, in any industry where before you sold “stuff”, “stuff” that is becoming commoditised, to selling a complete service that allows clients to reduce costs while allowing you to grow, both products sold and the services around them, while locking in revenue streams and locking out competitors.

Product sellers need to learn to switch hit and hunt not only in new jungles, but for prey they have not encountered before, a prey that is smarter, more demanding and usually less accessible.  The prey speaks a different language and have entirely different set of objectives and expectations than the people they used to sell “stuff” to, or account they maintained.  Further, the new prey does very much have to be hunted, they are not out there declaring their readiness or willingness to buy, they are the Status Quo, doing their thing deep in the jungle where only hunters go and maintainers and posers avoid.  Selling to the willing will leave them short unless they step up and learn to hunt a bit more, learn to switch hit.

Hunting in this environment requires skills upgrades whether you are coming from an AD background, or have successfully hunted while selling products, “stuff”.  Unless you take the time and make the effort to become a true switch hitter, you are bound to the beige of the “80-90 Percenters”

What’s in Your Pipeline?
Tibor Shanto

 

 

Handling Price Objections (#video)0

By Tibor Shantotibor.shanto@sellbetter.ca

TV Head

The video below is the third in a series of videos on Objections, and Objection Handling I did for BizTV, this one dealing with price objections.  One of the most common objections sales people face is the price objection, especially late in the sale.  Some buyers use this as tactic, some are genuinely trying to get the best deal they can, either way, the seller needs to be prepared for the objection and how to handle when it comes.  In addition to the video you may also want to read The WOW Approach to Price Negotiations, these other price related pieces.  And don’t forget to download the companion Objection Handling Handbook.

Price objection vid

What’s in Your Pipeline?
Tibor Shanto

Sell What You Have – Sales eXchange 1931

by Tibor Shanto – tibor.shanto@sellbetter.ca

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At the risk of stating the obvious, the job of a sales person is to sell their company’s offering in order to deliver revenue AND Profits for their company.  This can be a challenge at times, but should not be so as a result of our doing.  Some sales people seem to want to sell things they don’t have, at times they do this on their own, other times they let their prospects lead them down a dead end path.

How many times have you heard sales people say that they could sell their product, or more of their product “If Only…..”.  All too many times we allow ourselves to be distracted from what we can sell, and end up losing sales for all the wrong reason.  I am always surprised how many sales people act as though they were in product development rather than sales, sadly some would be better at that than sales; but until they do officially transfer, they need to focus on selling what they have, not what they or the buyer wish they had.

Don’t get me wrong, sales people play a crucial role in the feedback loop that helps your company develop and market your offering better.  But that should not be at the expense of selling what they have now, that is job one.

Part of this comes down to knowledge not only of your own product, you’d be surprised how many sales people know little more than what’s in the brochure or on their websites, but also that of the competition.  It is hard to sell what you have if you don’t know, it is harder to sell if you don’t know how what you have can help the buyer, and harder still if you can’t discuss how what you have applies to the buyer’s world.  You quickly go from an exercise in creative selling to being on your heels in a defensive posture.

The challenge is that with an 80% overlap between most leading products, it mostly comes down to how you sell that will determine the difference.  Your ability to align the attributes of your “solution” to the real requirements of the buyer, based on their objectives, and their obligations to their organizations.  For example, last week I was out with a rep I am tasked with helping, during a routine sales call, the buyer kept interjecting “can your product do this?”, “can your product do that?”  Each time the seller apologizing for the products inability to do some of the things the buyer raised.

The seller clearly had not prepared for the meeting by knowing what his competitors offered and did not offer.  Most of the things the buyer put on the table with their questions were not available from any of the products in the market.  Had he established that this was a wish list, not a requirement, the issue could have resolved.  I finally had to ask the buyer, “I am just curious which product that you currently use allows you to do that?”  A long pause, and a shrug allowed us to move forward.  By asking that simple question we were able to get back to what was required, available and affordable.

Sell what you have, if they are not the right buyer, prospect another, but sell what you have, or you may find that you have all prospects for what you don’t have, and no buyers for what you do.

What’s in Your Pipeline?
Tibor Shanto

How Hosting Contests on Your Twitter Feed can Improve Sales2

Increased sales GP

The Pipeline Guest Post – Kim Willington

Of course you know that social media is a great way to get exposure for your business. What you may not realize, however, is that social media is also a great way to increase direct sales — sometimes right from your feed. The immediate, conversational nature of Twitter makes it ideally suited for promoting your business and increasing sales.

In particular, hosting contests on your Twitter feed can increase your sales, not only in the short-term but also by promoting relationships with customers and generating leads. Here are a few tips for how you can increase your sales by hosting contests on your Twitter feed:

Promote New Products

When you have a new product, hosting a contest is a great way to generate buzz and to sell more of those products. By offering the contest, you instantly get more exposure for the product, amounting to free advertising that gets people instinctively excited about the product. Those who don’t win the contest will feel like they have missed out on something special and will be more likely to go back and buy the product instead.

Follow Up with Exclusive Offers

After a contest is over, you should build on the momentum that the buzz has created for you. You can do so by offering exclusive discounts or other promotions to your Twitter followers and to those who entered the contest. Perhaps you can offer a discount on the product, or you can offer a special free bonus for those who buy the product.
The exclusivity will not only increase your sales, but it will also help you to increase your Twitter following (which can help you build relationships and grow sales later).

Generate Leads

A contest is a great way to help you build long-term brand loyalty and sales by helping you to generate leads. The key is to create multiple methods of entry that work for you. This can include asking participants to join your e-mail list or to follow you on Twitter in order to enter. The more valuable the prize, the more people will enter and the more leads you will have.
Of course, the effectiveness of those leads will depend upon what you do next. Make sure you have a strategy for lead marketing that includes developing an ongoing relationship and encouraging repeat sales.

Twitter can do much more for you than help you promote your brand. If used correctly, it can help you to increase your sales of your own products or to generate additional revenue through affiliate marketing and advertising. Just be sure to strike the right balance between promotion and providing your followers the information they need, and you should see success.
Do you use Twitter to increase your sales? Share your tips for success in the comments!

About Kim Willington

Kim Willington is a freelance writer and researcher, where she has recently been researching service desk software. While away from work, she enjoys antiquing and hiking with her retriever, Spencer.

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