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Posts Tagged ‘sales planning’

My Invisible Foe

Tuesday, July 21st, 2009

At the start of 09, I expected my own sales performance to increase significantly.  I based this expectation on two sound contributing factors.

1.There would be a greater need for my services.

Companies would have a much greater need for improvement around sales performance than in previous years. If making sales would be harder in 09, mine was a recession solution.

2. I offered a guaranteed result.

I would be offered a ROI payment option, which meant that there, was no risk in investing in my sales programmes - I guaranteed actual sales improvement. This would give me a significant competitive advantage.

My analysis of how I performed vs. my expectation.

I recently undertook an analysis of my personal sales performance for the year to date. While I am satisfied with many of my performance indicators, I am slightly disappointed with my win ratio per meeting with new customers specifically. I expected a nearer 100% hit ratio, I delivered 62%.

While some may be happy with such a return in this environment, my continued sales improvement has always resulting from me not resting on my laurels; and continually seeking out ways in which I can better what I do.

So how do I explain this?

Initially I must admit that I struggled.

While there may be room for improvement around my qualification process, I work very hard to ensure that I am talking to genuine prospects that are in a position to buy. I believe I am talking to the right people and at the right time and I am offering a better product than that of my competitors.

A more convoluted, complex and ever changing decision making process may go some way to explaining my disappointment. However, I don’t think that it is the only factor and even if it is, my payment options should go a long way to overcoming this as an obstacle.

So I asked myself, what I am not considering, what might I have not planned for.

I begin by revisited my stats on paper, I compared what I was doing against best practice, there was very little by way of explanation.

I then begin to consider that my expectation was unreasonable, that I hadn’t given enough weighting to the recession factor. While it might have worked for me on many occasions, perhaps it had also worked against me.

I quickly realised that I was engaging in the type of attitude; I so often have to help overcome in those that I work with. I was engaging in can’t do rather than can do.

I shook myself down and decided to investigate further. I pride myself on good planning, yet here was something I had failed to consider. It had left no apparent trace of itself in my work. It was bloody invisible.

Invisible! Now there’s a thought, what might have been invisible to me at the start of the year? Something I would not normally consider…….. Ah! Gotya.

it’s FEAR!!

I have trained myself to ignore fear; it plays no part in my decisions, my planning or my expectations. This philosophy has always served me well. I realised at an early age what fear can do, how it can control and how it can destroy.

At the start of the year, my intentional ignorance towards fear had allowed me to plan for success, to see abundance, and to plan for opportunity. Sounds great?

I’m afraid only to a point (did you get the joke?).

This same philosophy had blind sighted me, not to my own fears but towards the fears of others; in this case the fear in my prospects. I had failed to consider and to plan for their fears.

I started to recall the conversations where I had failed to win the deal. A comment trend started to appear.

“I know where we need to go, but I am not prepared to do what it takes to get there”

Yes, I had helped them to identify their need.

Yes, I had shown them the solution.

Yes, I had taken away the risk.

Tick, tick, tick…

But No, In a great many cases, I had failed to take away their fear of making the decision. Because I had failed to plan for fear, in doing so I had also failed to plan for how to deal with my prospect’s fear.

The good news, I am now on the case.

Eight Reasons Why Salespeople Fail

Thursday, April 30th, 2009

Btb Guest Author

Jonathan Farrington

The responsibility for ensuring that every member of the sales team is successful and performing at optimum levels lies entirely with management and below are the eight reasons why sales people fail. In fact, I usually ask just three very straightforward questions, in order to identify why a salesperson is underachieving i.e.,

• Are they visiting/talking to enough clients/prospects? In other words are they pro-active and are their activity levels high?

• Are they talking to the right people within those client/prospect organizations? Are they able to penetrate the formal DMU (Decision Making Unit) and get to the MAN?

• Are they saying/doing the right things? This really means – how strong are their selling skills?

However this list, whilst not exhaustive, remains extremely accurate and as I said earlier, management has total control over each of these, including the last one!

1. Wrong or no selection process - The wrong person for the position

2. Wrong or no training - Insufficiently developed

3. Wrong or no planning - Expected to do all of their own planning

4. Wrong or no supervision – Left without competent supervision

5. Wrong or no motivation - Not properly motivated to meet objectives

6. Wrong or no stimulation – Not stimulated by appropriate incentives

7. Wrong or no evaluation – Not regularly appraised against a set of agreed objectives

8. Wrong or no executive action – Not adequately supported by a competent manager

If you are a sales manager, consider your part in this equation. According to these criteria, do you feel your current team poised for success? Hopefully you can say yes! If not, this list will hopefully draw attention to how you can help your team exercise their potential. Your wallet will also thank you!

Jonathan Farrington is a globally recognized business coach, mentor, author, and consultant, who has guided hundreds of companies and tens of thousands of individuals around the world towards optimum performance levels.  He has authored in excess of three hundred skills development programmes, designed a range of unique and innovative process tools and has been published extensively on a wide range of business topics including organizational and sales team development, leadership and the customer imperative.  Jonathan’s first book, “Tougher At The Top” will be published early in 2009.  Visit his website @ www.jonathanfarrington.com

In the News

It was my great pleasure to have dinner with Dave Stein, while he was over here as part of his work with DIT’s and Enterprise Ireland’s International Selling Programme. I am a big fan of Dave’s work and an avid reader of his blog. In a recent post “Ireland Knows How To Support Growing Companies“, Dave compliments Enterprise Ireland on the support they provide for start-ups and high-potential Irish companies - saying that the rest of the world can learn from Ireland in this regard.

I have spoken about Dave Brock on here before. Dave is the founder and CEO of Partners in EXCELLENCE, a leading international business consulting company. In my opinion, he is one of the most clued in consultants you will come across. He recently started a blog, and the quality of his posts has been exceptional. It came as no surprise, when he was named “Blogger of the Week” over at www.socialmediatoday.com

Over at TSE

I joined the other Top Sales Experts team for an conference call last Tuesday, there are some really great initiatives planned for 09 - WATCH THIS SPACE

Five Fundamentals to Sales Super-Stardom in 2009

Thursday, December 11th, 2008

Published by Niall Devitt, Btb Business Training

1. Start with a Great Attitude

The single biggest difference between success and failure is your attitude. While this might be a much talked about concept in all walks of life, the reality is that only a very few actually ever truly get it. Great attitude is the common denominator of success; everything else including talent follows or is learnt. Top sports people have got it, top business people have got it and top salespeople have got it.

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Building Rapport the Easy Way

Monday, March 10th, 2008

Published by Niall Devitt, Btb Business Training

In this post I will be dealing with how to effectively rapport build with a new prospect. I will also be looking at some traditional rapport building techniques and why they might in fact be damaging your overall sales approach. I am not going to be dealing with body language and subconscious communication techniques which I will look at in a later post.

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Planning to hit Target?

Friday, February 15th, 2008

Published by Niall Devitt, Btb BusinessTraining

Salespeople often complain about their sales targets so first let’s start with stating some realities about targets

  1. Sales targets should never be easy to achieve but should always be achievable.
  2. Sales targets don’t take account of unforeseen events such as sick days etc
  3. Sales targets are hit as a result of good planning and doing the correct activities at the right time.
  4. Not planning for how you intend to hit your target is planning not to hit target.

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