Archive for March, 2012

Challengers Rule

Thursday, March 15th, 2012

According to recent breakthrough research by the Corporate Executive Board, today’s effective salesperson needs to be a Challenger – a teacher, a provocateur of sorts, a thinking man/woman who is creative, innovative, and brings new ideas, and thus value, to their customers.

We believe this validates what we’ve seen coming for several years, particularly for those organizations involved in more complex selling.

In studying the attitudes, skills, behavior, activity and knowledge of 6,000 salespeople across 90 companies, the CEB has published conclusions that will have companies reassessing and redeveloping their sales teams for the coming decade. The data is compelling.

In comparing top sales performers to average performers, they found five distinct sales rep profiles fairly even in distribution:

1. The Hard Worker - the self-motivated, driving rep who puts in the time and the effort.
2. The Relationship Builder - the rep who builds and nurtures strong personal and professional relationships.
3. The Lone Wolf - the confident, sales “cowboy” who follows their own instincts, not necessarily management’s.
4. The Reactive Problem Solver - the customer-focused and detailed-oriented sales person who might double as a service rep.
5. The Challenger - the rep with deep customer business knowledge who boldly posits insights and new angles on customer problems.

Seems relatively straight-forward until you evaluate the distribution of super star performers across these profiles. What emerged is a clear winner (40% Challenger) and clear loser (7% Relationship Builder). This distinction is particularly evident in a down economy where Challenger reps thrive nonetheless and others flounder when mere hard work, good service and responsiveness are not enough to win business.

The implications are far-reaching. Past assumptions about what makes a good sales rep are fast-dissolving, while questions are raised once again about nature vs nurture. Rest assured, high-performing Challenger reps are not born, they are developed and can be trained and replicated across your sales organization.

Are you raising up Challenger sales reps?

CEO Conversations

Wednesday, March 7th, 2012

So you want a sales meeting with the prospect’s CEO? Not so fast. While a decent strategy, don’t venture out when you’re not prepared. Senior executives don’t suffer sales fools, but they are susceptible to an intelligent conversation steered by an effective and prepared salesperson.

CEO’s are people like anyone else, but they carry a burden that keeps them focused on things besides the products of salespeople. What’s on their mind are risks impacting their market share, customer base, revenue stream, control of costs, retention and acquisition of top talent, achievement of quarterly numbers, their opportunity window for growth, merger or acquisition. The lists goes on.

And the salesperson wants to talk about their products? Won’t happen. At best, if the CEO is patient and civil, he or she may kindly redirect the salesperson to a lower level staff. At worst, it goes downhill from there.

There are four keys to an effective executive or CEO call:

1. Do your homework - lay the groundwork with research and preliminary conversations
2. Speak executive language – not that of your product. It’s about their issues, not about you and your fixes
3. Paint a business picture – verbally or literally of their world’s relevant challenges that you can help address
4. Get sponsorship – confirm next step meeting with their recommended team member (you’ve earned it!)

Having good executive conversations?