When interviewing look below surface

Follow the link to schedule a call: https://www.advisorycloud.com/profile/Daniel-Caramanico

Success in sales has a lot to do with the self-limiting beliefs of the salesperson. These beliefs can make it difficult if not impossible for salespeople to execute sales techniques they “know” how to use. For example, if a salesperson believes that it is not OK to talk about money on the first sales call, then even though they are skilled in the art of uncovering budget they will not use the techniques due to their self-limiting belief. However, most sales managers focus on background, presence, product knowledge, how they dress, experience, etc. and ignore the issue of self-limiting beliefs. There are many self-limiting beliefs that salespeople have such as “I have to call on the purchasing agent”, “I need the prospect to like me”, “It’s ok if my prospect thinks it over”, etc. The problem for the hiring manager is that these self-limiting beliefs are not evident in the interview. You have to know what you are looking for and be a skilled interviewer to uncover them. Sales managers need to dig deeper on interviews to uncover the self-limiting beliefs of the salespeople. Alternatively, you can use an assessment specifically designed to identify self-limiting beliefs and the hidden weaknesses such as the Objective Management Sales Candidate assessment.

You can get a free sample by following this link https://info.objectivemanagement.com/ExpressScreenTrial.aspx?DistNum=100&L=1

Value varies over time

Your product or service has value to the prospect to the extent that it solves a problem or pain that the prospect is currently experiencing. That pain will vary over time so the length of the sales cycle of your product’s perceived value will also vary. Here are two simple examples, one for a short sales cycle and one for a long sales cycle. If I am in my auto mechanics shop and he tells me he is having a special sale this week of half off on transmission repair, I will not care very much about that if my car has been running smoothly over the last few months. Since I am not in pain I will say something like “Thanks, Fred but I am good for now.” However, if a month later my car gets stuck in park and I need to have it towed to Fred’s shop to get the transmission fixed, his service has much more value to me and I won’t be worrying about the price he will charge. At the beginning of longer cycle projects, the prospect has certain issues and questions. Your expertise will have a certain value. But over the course of 18-month sales cycle the prospect becomes more knowledgeable, the economy will change, the industry might change, and the project requirements will change. Hence the pain at the end of the cycle will be different than it was at the beginning. The optimal salesperson will stay in touch with the changes in the pain over the length of the sales cycle. This is especially true at the end of the cycle when they may change rapidly.

If you have a sales question you would like to discuss follow the link to schedule a call:
https://calendly.com/dancaramanico/callwithdan

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Role Play With Your Salespeople

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Role playing is one of the best ways to train your salespeople. When you role play with your salespeople, you should play the part of the salesperson and let the salesperson play the part of the prospect. There are 3 reasons for this. The first is that the salesperson will expose for you his or her self-limiting beliefs in the role play. They will also show you what obstacles they anticipate happening on the sales call. When you know what obstacles they are anticipating, you can demonstrate the proper way to handle the objection or the obstacle. You can also condition their mindset (i.e. give them an empowering mindset which is the opposite of the self-limiting belief). That is the second and probably the most important reason for role-playing. Salespeople will role-play the worst prospect you are ever likely to see so that gives us the third reason for role-playing. It will sharpen your own sales skills. You will get to practice against the worst objections you will ever hear.

Follow this link to see how you can test your people for free https://info.objectivemanagement.com/ExpressScreenTrial.aspx?DistNum=100&L=1

Close for the decision the prospect can make

I don’t believe in that sales axiom “always be closing”. That strategy annoys the prospect and , makes them want to avoid you. However, I do believe that every prospect in virtually every meeting is closeable. You may not be able to get the prospect to buy or to give you a purchase order at every meeting, but you can get a decision at every meeting. Sometimes you close for the next meeting, sometimes you close for the ability to keep them on your marketing list, sometimes you close to get taken to the boss, and sometimes you close to get the prospect to recommend your product even though you can’t get to see the boss or the committee. There are many other variations. All you have to do is get the prospect to tell you what the decision process is and what he or she is both willing and able to make. The key is that they must be both willing and able to make a decision. No matter how small the next step is, close for that and you will keep the process moving. A small step forward is preferable to leaving and waiting for something to happen at some future date. So, how do you know what the prospect is both willing and able to make? You just ask. It’s that simple but many salespeople don’t do it.

If you have a sales question you would like to discuss follow the link to schedule a call:
https://calendly.com/dancaramanico/callwithdan

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Updates are not coaching

Follow the link to schedule a call: https://www.advisorycloud.com/profile/Daniel-Caramanico

One of the primary functions of the sales manager is to coach the salespeople. However, most sales managers are severely lacking in coaching skills. One of the biggest mistakes is substituting status updates for coaching. The coaching session degenerates into a pipeline review with little to no coaching involved. Status reviews give answers to questions like: “what is the next step”, “when will it close”, “what changed since the last ‘coaching’ session”, etc. This is all valuable information for the sales manager to know, but it is not coaching. The Sales manager should be able to get all that information from the CRM if the salesperson is keeping it up to date. Coaching, on the other hand, involves debriefing what happened on the last call and providing input on what could have been done better or reinforcement of what was done right. It involves understanding the salesperson’s mindset for the call and correcting it if it was not supporting the desired outcome. The sales manager should provide guidance for upcoming calls and advice on what the salesperson could be doing better. This venue does not allow for a complete description of what to coach on and how to provide the coaching. But stop turning your coaching time into status updates and pipeline reviews. Pipeline review and coaching are two separate things.

Follow this link to see how you can test your people for free https://info.objectivemanagement.com/ExpressScreenTrial.aspx?DistNum=100&L=1

Selling to Millennial’s

Much has been said and written about millennial’s and how to deal with them. Most of it is probably valid. But selling to them is no different. The process is the same. Find their compelling reason to buy, talk about the money they want to spend to fix the problem and then understand their decision process. The answers to your questions may be different for a millennial than for a baby boomer but the process is the same. Don’t worry about what generation your prospect is in, just follow your sales process. The meetings may be different and the motivations to buy may be different but not the sales process you use to get them to buy.

If you have a sales question you would like to discuss follow the link to schedule a call:
https://calendly.com/dancaramanico/callwithdan

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Measure more than the bottom line

Follow the link to schedule a call: https://www.advisorycloud.com/profile/Daniel-Caramanico

Everyone measures the bottom line. Sales managers typically know where they stand at all times relative to the sales goals that were set. However, that is not enough to get a true picture of the effectiveness of the sales team. Sales managers need to track activity at the top end of the funnel. How many attempts (dials or walk-ins) are the sales team members making and what percentage of them lead to a meaningful sales conversation? How many face-to-face or phone meetings are they having on a weekly basis? How many of them lead to a qualified prospect? Effective sales managers know exactly what activity is taking place at the top end of the funnel. And, they know the conversion ratios. Any change in the level of activity or conversion ratios at the top end of the funnel is cause for further investigation and possible intervention by the sales manager. Activity at the top end of the funnel can be an early warning to increased sales in the future or impending doom. Sales managers ignore this data at their own peril.

Follow this link to see how you can test your people for free https://info.objectivemanagement.com/ExpressScreenTrial.aspx?DistNum=100&L=1

Best question to ask at a Networking Meeting

The best way to break the ice with a new contact at a networking meeting is to ask a question. But what question should you ask? It becomes obvious when you understand two facts. The first is that most people go to networking meetings to meet new people and they struggle with how to break the ice. The second fact you have to know is that most people are me-centered in their approach. That is, they come to the meeting hoping to tell their story to someone in hopes of attracting some interest. Knowing those two facts makes it is obvious that the best question to ask is “So George, what do you do?” When you ask them that gives your new contact a chance to talk about themselves, their favorite subject. You will have earned some gratitude from them and the new relationship is off to a good start. As you listen to them talk you can be listening for some pain that they might have and that will lead you to more questions and you will either quickly determine that they are worthwhile pursuing or not. And when it is your turn to talk, you can focus on the areas of need that they have exposed.

If you have a sales question you would like to discuss follow the link to schedule a call:
https://calendly.com/dancaramanico/callwithdan

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Track Pipeline Movement

Follow the link to schedule a call: https://www.advisorycloud.com/profile/Daniel-Caramanico

You must track pipeline movement to get a true picture of the effectiveness of your sales team. Most sales managers look at their pipeline regularly. However, what they usually look at is a snapshot of what the pipeline looks like at a given point in time. This is valuable information. But it is not enough. To get a true picture, you must track the movement of the pipeline. How do the deals move through the pipeline? How long does it take? Where are deals stalling. If you don’t track the movement through the pipeline you will run the risk of a false sense of security. Yes, you have a $50 million pipeline but how has the average sales cycle changed over the past month. What is the average sales cycle of the deals in the pipeline now projected to be? Answers to these questions are critical to understanding changes in the performance of the salespeople. If deals are slowing down, that foreshadows difficulty meeting numbers in future quarters and action can be taken to mitigate the problem, but only if you track movement in the pipeline.

Follow this link to see how you can test your people for free https://info.objectivemanagement.com/ExpressScreenTrial.aspx?DistNum=100&L=1

Kick start next year this month

The best time to kick start next year is December of this year. This month most salespeople are either struggling to hit their number for this year or coasting to the end of the year. Then the holidays hit, and the next thing they know it is January 2nd . Then they get started setting goals and trying to figure out how to hit this year’s number. Before they know it, February is here and 8.3% of the year and one third of the first quarter are gone. The best way to fast track next year is to get started now. Set your goals for next year and get yourself committed to achieving them. Develop your sales activity plan. Review your wins and losses from this year and compile your list of lessons learned and adjust your approach accordingly. If you do all of this before you shut it down for the holidays, you will be ready to jump right in when the calendar flips over and the new year starts. You can start making progress toward achieving your goals on January 2nd instead of February 1st. You will be way ahead of your competition and you will not be playing catch up all year. Make an early new year’s resolution “Next year starts NOW!”

If you have a sales question you would like to discuss follow the link to schedule a call:
https://calendly.com/dancaramanico/callwithdan

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