Archive for the ‘Sales Management’ Category

Selling Integrity

Monday, August 9th, 2010

When we hear news reports of personal and corporate falls from grace (read HP’s Mark Hurd, IBM’s Robert Moffat, Tiger Woods, BP, etc.) our reactions may range from “How could they?” or “What were they thinking?” to “Could this ever happen to me?” We may be grateful that our lives are not lived under a microscope and public scrutiny. While their demise is self-imposed, our hearts do go out to those men and women fallen in shame on the public stage.

But is not integrity more than just actions and words. Even in the business world it starts from within. Who are you when the door’s closed? What kind of decisions are you making when know one’s looking? What drives your moral compass?

In sales and business arenas the issue of integrity comes up most often in the context of honesty and trustworthiness with customers, coworkers and finances. Is one a reputable salesperson or sales leader in their everyday dealings and actions? Do they fudge their reports, their activities, their product claims? Can they be trusted in their responsiveness and professionalism? We certainly want integrity here and demand it in our organizations.

If we’re honest with ourselves, the outside may look good enough but betray an inner hole. Who we are at our core may be more important than if we simply don’t cheat on expense reports or tweak the truth with customers. The true, inner-self knows the score. Stepping up integrity of who we are on the inside can lead to improved alignment of behavior and actions of the outside.

In the sales world this resonates as truth: true selling with integrity springs forth from true personal integrity.

Assessing Sales Teams

Tuesday, June 15th, 2010

There are a variety of Assessment Tests out there that managers use to try and determine viability of current or future salespeople. Here’s a sampling of types:

  • Psychological Test
  • Personality Test
  • Behavioral Styles Test
  • Aptitude Test
  • Salesperson Evaluation Test

Most common, but a big mistake, is to use Personality and Behavioral Styles tests for salespeople. While accurate, the results do not provide answer or actions that management can use for selection/recruitment, coaching and development. An effective assessment tool must answer the following questions:

  • What makes a particularly salesperson successful?
  • What makes a particular salesperson unsuccessful?
  • Can this salesperson improve or not?
  • In what specific areas must the improvement take place?
  • Which obstacles are preventing sales success?
  • How much improvement can we expect?
  • What actions must be taken for improvement?
  • How do the problems impact their performance in the field?
  • What sales competencies are impacted?

If you want to accurately predict which existing salespeople or hiring candidates will succeed in a particular sales position, at your company, selling your products or services, into your target market, against your competition, with your pricing model, performance requirements and compensation package, there is only one assessment tool that will provide this.

Contact us to learn more about a proven and affordable and comprehensive salesperson/team assessment test.

Prospecting 2.0 – Why and How

Friday, May 14th, 2010

The sales blogs are all abuzz with talk about the current status of sales prospecting and cold-calling. Let not your heart be troubled. Even with the onslaught of new sales tools and technologies (Web2.0/Sales2.0), the reports of the death of prospecting and cold-calling are greatly exaggerated.

For salespeople perhaps that is reason to be troubled. In the sales arena, it is well established that cold-calling and prospecting are the least favorite of selling activities. But for good reason these actions will never really go out of style. Yes, the calls can (and should) be warmer with appropriate and calculated multiple touch-points, and the contacts can (and should) be better targeted and pin-pointed. But what else is new?

We see this paralleled in sports. For instance, baseball and golf equipment today allow for better play and higher performance, but the game still needs to be played. Good practice, coaching and skill-building produces wins, records and championships.

No, prospecting and cold-calling will not soon go away. They are simply fundamentals in sales that are evolving and can be optimized for the modern era. Accept it and get comfortable with it. Be the ball.

Turning the Corner?

Wednesday, April 14th, 2010

Depending on who you’re listening to or reading, you may be getting the message that economically the marketplace is “turning the corner.” Maybe, maybe not. As for your own personal selling efforts or that of your sales team or organization, it may still be tough sledding as your buyers continue to hold tight purse strings or delay in their decision-making.

We see signs of boom and bust. Can’t beat the combination of selling excellence with a product or service that has retained high market value and necessity. Deals are getting done but they’re taking longer, requiring more calls and tougher negotiations for lower average sized deals. Many however are dealing in “nice to have” products and finding pipelines stagnating and reps struggling.

As one deftly put it – how do you overcome a problem of asymmetrical need – where the vendor’s need to sell is much higher than the customers’ need to buy?

What to do? Time to raise the game at all levels to find the deals that are out there. It’s not about “closing” – it’s about up-leveling Strategic Sales Execution which involves the complete selling effort in finding, addressing, and consummating all opportunities: salesperson mentality, process refinement, account/territory prioritization, maximizing selling activities, crisp sales messaging, enhanced probing and questioning, decision-cycle management, and disciplined pipeline/forecast management.

It’s not rocket science; it is about intelligent, optimized performance of a well-turned sales machine.

Developing a Sales Mentality

Monday, February 15th, 2010

Some say that salespeople should be hungry, aggressive and always closing. This sounds fair and reasonable, if not somewhat cliche. I maintain it is something more than just assertive actions. It’s a sales mentality – actually an attitude and mindset that can be developed and honed.

So what exactly is a sales mentality? It can be reduced to 3 key elements of perspective, discipline and prowess:

  1. A Balanced Sales Perspective - a healthy view of self, product and customer 
  2. A Strict Personal Discipline - a daily regimen of managed time, inputs and prioritized activities
  3. A Hunting-Farmer Prowess - a new business and account growth sales skill and mindset

With a strong sales mentality, a salesperson is well-reasoned, self-managed, and multi-faceted. Can a person or team be trained in this? You bet.

Wouldn’t it be great to have an entire sales organization like this?

A 90-Day Sales Team Upgrade

Friday, January 15th, 2010

Some say it takes 21 days to change a habit. We maintain it takes 90 days to upgrade your sales organization. And it’s not about a wholesales change-out of reps. It’s done through 3 core areas of sales team and management focus:

  1. Sales Competency Training – Month 1
  2. Sales Activity Inventory – Month 2
  3. Sales Forecast Process Review – Month 3

Many executives and sales leaders come to us seeking help in improving sales revenues through sales training and consulting. They say “Help our team Close better” or “Our team needs Negotiation training” or “Our team needs to improve Probing skills” or “Our sales pitch is all over the map.” These are all legitimate concerns and competency areas that can be improved, however it’s not the full story. It’s like trying to improve a car’s performance by installing leather upholstery, a new sound system and higher grade gasoline. It’s better, yes, but there are other areas that need a check-up and potential overhaul.

It’s a new year. How’s your team going to perform in Q1? What are you doing today that will ensure your team is the ultimate selling machine by Q2 and the rest of 2010?

Finishing Strong

Friday, December 11th, 2009

It’s the final lap. You’ve lived through the year and now see the final hurdle, the December closing and quarter wrap-up. Just when you’re ready to ease it on in, your better self prepares for the final kick. But is there anything special one can do at this point?

Yes, there are 3 keys to finishing strong:

1. Set Your Sight on the Prize
Never lose sight of your goal and objectives (even if they were reset). Your sales goal/quota/target should be clearly etched in your brain/whiteboard/forecast.

2. Sprint to the Finish
Winners give it an extra kick at the end to outrun competitors. If you know your sales activity patterns (read Rule #15), you ratchet it up these final weeks and don’t let up the pace until year end.

3. Never Give Up
Famous words by Winston Churchill, and other winners who didn’t quit. Even in the face of tough circumstances, sales pros don’t cave, they suck it up, make no excuses and find a way to get it done.

You’ve run the good race but now’s the time to press onward to the goal set before you. Have a great and strong finish.

Working Through the Holidays

Wednesday, November 11th, 2009

You’re taking a needed break this week. It’s Thanksgiving, the family’s gathering and you promise to minimize computer work over the long weekend. Tough but doable. Enjoy the downtime. Give the family your attention – certainly they and you deserve it.

But then comes next week. It’ll be December and a short sales month. For some of you, the year’s number is a given and either way short or looking good. For others, it’s a stretch but conceivable. At the same time management must keep an eye toward 2010 and all that has to happen, change and be redirected. Time for the final push. No excuses. Remember your customers need to wrap up the year too.

So while a challenging year, ’tis the season to be thankful for all you do have and the opportunity to finish strong, be at your best and give it another go in January. Do enjoy the holidays, your family and count your blessings. Have a healthy and balanced work perspective through the holidays.

The Next Generation

Monday, October 12th, 2009

I’ve seen the future and, while promising, it needs some work. Over recent months I’ve been training sales teams with many of the reps under the age of 35. (Everyone seems younger to me these days!)

In training these teams I’m recognizing how far we are removed from the strategic and tactical selling fundamental days of the 80’s and 90’s. While eager, teachable and capable, there’s a generation of salespeople out there operating under sales cliches that myths rather than clear-thinking sales methodologies, foundational principles and sound practices of selling excellence. Fortunately it’s a fixable situation with plenty of upside.

I’m encouraged by the response to the call for personal responsibility and professional sales organizational development. It bodes well for the next generational sales rep, manager and company. With guidance and direction in effective sales activities and modern application of proven frameworks and practices, new waves of sales professionals are gearing up for the challenges facing them.

Indeed, the future always requires hard work and preparation. I see a world of promise and potential.

42 Sales Rules, Foreword by Mark Leslie

Thursday, September 17th, 2009

“I first met Mike Griego in 2005 in a Palo Alto café. Having retired as CEO and Chairman of the Board at Veritas Software, I was teaching courses on Entrepreneurship and Sales Organization at Stanford University’s Graduate School of Business. Mike, as president/founder of a MXL Partners, a Silicon Valley sales process consulting and training firm, and Stanford MBA alumni himself, had contacted me and requested a meeting to simply meet and compare notes. We had a delightful first meeting and discussed a draft article I was writing on “The Sales Learning Curve” which was later published in the Harvard Business Review in the summer issue of 2006. Mike agreed to review it for me and confirm its conclusions. It was refreshing to discuss the complexities of structuring and managing the modern enterprise sales organization with someone so well versed in all aspects of the world of sales…”

“Mike’s new book, 42 Rules to Increase Sales Effectiveness, is a powerful and quick read for all parties involved in driving sales revenue, from the executive team to the sales and marketing organization. He has well captured the keys to increasing sales effectiveness with a crisp, practical and highly readable book…”

“I heartily recommend you pull up a chair, grab a cup of coffee, read this book and be ready to re-confirm and even re-think your views of sales and sales effectiveness.”

– Mark Leslie, Founder of Veritas Software

Mark Leslie is the Founder of Veritas Software (now Symantec) and served as CEO and Chairman of the Board. During his tenure he grew annual revenues from $95,000 to $1.5Billion. He is currently the managing director of Leslie Ventures, a private investment firm. He is also a lecturer at Stanford’s Graduate School of Business where he teaches courses in Entrepreneurship and Sales Organization.