The environment in which salespeople now sell has changed considerably. The process of buying has changed – therefore the process of selling has changed accordingly…. Markets are smaller and more complex – there are less genuine opportunities for salespeople to sell…. Decision makers and the people involved in decision making have changed meaning purchasing decisions are now longer and much more complex. Reality check! The bottom line is that the market will not adapt or return for the salesperson, it is now up to the salesperson to change – so as to meet the needs of this new sales environment. If you are still a salesperson in 2010, firstly congratulations – here are 5 recommended strategies you can employ towards getting on top of your target this year.

1. Start by Moving the Target Up

What? I hear you ask, my target is challenging enough without putting additional target and pressure on top. Wrong! Sales are ultimately about smart averages, so putting your target up a notch means you give yourself more breathing space from the get go. In planning for a higher target, you automatically increase your chances of hitting and exceeding your original target. It’s a simple fact!

2. Analyse Performance and then Plan for Success

It amazes me to this day how many companies continue to use KPIs badly and how many salespeople insist on trying to fudge the figures. Your KPIs are one of the mostly deadly sales tools you have. A proper and realistic analysis of your KPIs will provide you with everything you need to know and do to improve your performance. In short, they provide you with the building blocks for both your long-term and short-term sales planning.

So KPIs provide you with the relevant information and your sales plan decides how and where you intend to spend your time. You will need to plan for long-term (yearly) and short-term (monthly, weekly). It’s critical that you get this right, because your time is your ultimate resource in sales – so ensure that you are spending it wisely. In the words of a famous ex-Manchester united captain “Fail to prepare, prepare to fail”

3. The Trick is to Prospect rather than Close

A key skill for all sales people in this environment is their ability to find genuine prospects. Its takes time and research but it pays to do so. A problem for a great many salespeople right now is that rather invest in prospecting, they are choosing instead to invest in closing. In other words, they are continuing to spend the majority of their time chasing prospects that don’t want to buy rather than finding prospects that do. You could almost call it, a type of sales madness. Remember, research is the key piece when prospecting. The more thorough your research, the better prepared you will be to meet the decision maker and ultimately the greater your chances of success.

4. Selling is Easier when you Embrace Technology

While technology may on one hand threaten the very role of the salesperson, it also assists us to be increasingly more effective and professional. Information is freely and widely available on the organisations and the people that we want to sell to. It is now easier than ever to connect with these people and networking can happen at speeds unimaginable only a few years ago. A salesperson that is not willing or afraid of these new tools will quickly be left behind. Embrace rather fight technology, it just made selling a whole lot easier.

5. Become a Business Person, not a Sales Person

In 2010, being a salesperson alone no longer cuts the mustard. Prospect’s time is increasingly valuable; they are only interested in speaking to people who will bring lots of value to any conversations. The flipside is that you now are expected to know a lot more than merely what you sell. The salespeople that will succeed will be those who bring with them developed and strong business acumen. They will be those who can step behind the desk of the senior managers within organisations and see the world through their eyes.

This means that the role of salesperson is also that of someone who has an aptitude and appetite to constantly better oneself. If your company are lacking in their support in this regard, you must pick up the slack, and consciously devote both your person and time to learning. The wealth of available information means that this is now very easy to do. So whether it is reading a business book a month or subscribing to some top class business blogs, it will not happen unless you make it so.

My Sales Prediction for 2010…..

While 2009 could be considered perhaps survival of the fittest in terms of its effect on professional sales and sales people, it is my prediction, that in 2010 – we may start to see the survival of the most knowledgeable. I am not one who subscribes to the theory that technology is making sales a redundant profession. It is my belief that what we are actually seeing is the start of the true professionalism of sales. It would make me exceedingly happy if this turns out to be the case…. Please be sure to share your strategies towards making target in the comments section below and the very best of luck in 2010.

Btb Guest Author

Nigel Edelshain

The sky is falling.

Well, the stock market and many of the great behemoth financial firms that I have sold to over the last dozen years are. Let’s say many of us are not in the most upbeat mood right now.

And how does this “macro economic tension” tend to show up in sales organizations? Concern over making our numbers. And that concern over making numbers makes tense sales people. Tense sales people that tend to put too much pressure on their prospects to sign on the dotted line.

People love to buy but they hate to be sold. Sales cycles don’t really exist what really exists is a buying cycle. In our world of so many options for the buyer, we need to face facts that it’s the buyer who controls the “sales process” not the seller.

The sales person’s job (actually the whole company behind the sales person) is to be in-sync with buyer at whatever point the buyer is in the buying cycle. A typical buying cycle might look like this: (1)recognition of a need, (2) seek out options, (3) discuss/evaluate options and (4) buy.

A sales person who tries to close the buyer when they are not in phase 4 of the buying cycle will annoy the prospect/buyer and won’t get a deal. But that’s what “old school selling” tells us to do “always be closing”. Watch out because as the pressure mounts on us sales executives to close more the opposite is happening for the buyer. As the market fear grows buyers will be thinking “should I really pull the trigger on this spend or should I hold off”. The last thing that will help a cautious buyer commit is a pushy sales person!

What’s a sales person to do?

Calm down. Don’t try to close everything in sight. Stay in-sync with your prospects. Make sure you know where they are in the buying cycle. Act accordingly. If they are just starting to look at options, get them the information they need to understand and evaluate your offering.

And…prospect. Yes, whenever things get tougher in the economy sales people need to be able to put more leads into their sales funnel. You will need more prospects because either some deals will drop out due to budgets being cut etc. or some of the deals that survive will move more slowly to close than you originally thought.

You will need to “diversify” your sales pipeline as the market gets more volatile just as an investor diversifies their stock portfolio. You will want more prospects in your sales pipeline than when times were “easy”. Preferably prospects from lots of different companies and industries so your risks of being clobbered by any one company’s or any one industry’s budget cuts are reduced.

So as things get tougher don’t become a closer. Become an opener.

Nigel Edelshain - is CEO of Sales 2.0 Companies use Sales 2.0’s telesales and consulting services to take their sales to the next level, typically boosting results 3 - 10 times.

News

Fellow Top Sales Expert Diane Helbig is a contributing author to a brand new book “Chicken Soup For The Soul - Power Moms” it’s about women who sacrifice so much in order to balance their lives, whilst still pursuing their dreams. If you are looking for inspiration, this is a book you really must read - just click here to grab your copy.

Here’s is Diane’s recent interview on TSE Dailies. Listen by clicking on the banner below.

Social Media Wars?

I have recently been involved in some heated arguments over at The Customer Collective about the evolving role of social media in B2B sales.  Jonathan Farrington, Dave Stein, Dave Brock and I share a similar opinion as to how these tools will impact going forward. Last week, in a post by Jonathan, this dialogue took an unfortunate turn - with personal attacks by a few social media zealots.

Dave Stein writes about this is his post “The Social Media (Wars)” and in his blog, Dave Brock asks “Are the Right People Listening?”

Published by Niall Devitt, Btb Business Training

Talking to salespeople, there seems to me to be an air of futility about at the moment, about prospecting for new customers and new business. While It may be easy to find reasons to be despondent, allowing yourself to feel and behave in this way, what ever the evidence is actually counter productive.

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