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What Athletes, Top CEO’s and Pop Stars Have in Common

December 1, 2011 in Coaching, Sales Coaching, Sales Leadership, Sales Management, Sales Training, Self Development, Success

Elite athletes, pop stars, top selling writers, politicians, Fortune 100 CEO’s all have one thing in common…they hire coaches to help them achieve their goals faster and become or maintain their ‘number one’ status. Elite performers see the value their coach brings to their craft. They know their coach will help them gain and create insights that transform their performance. The rest of us can take the same approach. Many salespeople see the value of hiring a sales coach to help maintain an edge internally and over your competitors.

Changing Jobs

Not being heard, thus changing paths

As highlighted recently in the article ‘Are you at risk of losing your top sales performers?‘I mentioned the story of a young sales woman who contacted Barrett looking for expert sales coaching. Here is the excerpt: ‘My repeated requests to my manager for coaching and training were dismissed as too costly. I went outside to get the development I craved. My manager just wasn’t interested in giving me any of his time to coach me and certainly wasn’t interested in paying any money for my development. So I paid $3,000 of my own money for 6 one-on-one sales coaching sessions and they really helped. The benefits of one-on-one sales coaching were enormous. I achieved 130% of my budget in my first year and made the annual incentive trip overseas. My manager tried to claim the credit for my success. Needless to say into my second year nothing changed on the management front so after a further 9 months in solitude I left the company to pursue a career where personal development was valued.’

This young woman is an example of a growing number of sales professionals looking externally for coaching support to help them succeed and achieve their goals. They often tell us that that they are not getting the professional development or coaching they crave from their sales managers or business leaders. Often left to fend for themselves, these high performers want to be successful so they employ their own coach.

But a word of caution: you need to know what you are looking for. Not all coaches are the same and not all will be able to help you. If you are going to employ a sales coach make sure they:

  • Have had relevant sales experience and know how to sell well themselves (in a 21st century consultative sales way of course; no used car, product flogging, charm merchants)
  • They have knowledge and experience in sales strategy, sales planning, prospecting, sales communication, account management, negotiation, team work, etc.
  • Have recognised coaching qualifications with at least 100 hours of real time coaching experience and testimonials to back up their success.
  • Use an integrated mix of recognised coaching tools and resources
  • Know where their professional boundaries lie – they do not delve into nor try and fix any clinical or deeply personal issues, unless they are clinically trained in psychology and/or medicine. If they claim to be able to work in this space without appropriate qualifications do not continue with them.
  • Have your interests at heart and remain professional at all times. They do not try to make you dependant on them.

RobynCreed, Head of Coaching

RobynCreed, Head of Coaching

Robyn Creed, head of Barrett Coaching says that a coach can wear a number of hats at any one time. They can act as your sounding board, someone who listens without prejudice. Your coach should be a person who helps and guides you while you set your own goals and strategies. They keep you accountable and focused on the priorities that are most important. They might also critique the way you do things, which may be the difference between winning that $200M deal you have been trying to close for months! Here is a lovely quote I found on coaching: ‘A coach is someone who can give correction without causing resentment.’ John Wooden, American Basketball Hall of Fame Inductee.

A good sales coach knows the difference between Deal Based coaching and Strategic Coaching; they know what type of coaching you need based on where you are at – skills, transformational, remedial, or high performance coaching. If you want to read more about what qualities you should look for in an experience coach then go to Why Barrett Coaching.

Fortunately you don’t have to go it alone. Like the young woman mentioned previously you can get your own sales coach, however the good news that more and more Sales Leaders and Managers are now being trained on how to coach properly. Sales Management is quickly seeing the merit in coach training from a team engagement perspective and for staff retention, as well as the obvious and financial viewpoint.

Gallup research has demonstrated that there is a very significant connection between outstanding salespeople and their managers. The research indicated that having the right sales manager/coach can result in a 20% improvement in a sales person’s performance. In addition, it is not uncommon to find that almost 90% of what salespeople learn in a sales training program is lost unless it is effectively embedded and integrated back in the workplace and led by managers through effective coaching.

Stay on topSo if you desire to be at the top of your game and stay ahead of your competitors, remember great sales people don’t hesitate to ask others for support. Just like our proactive sales capabilities we take our role seriously and enlist the coaching that will make us a truly top performer and one of the best.

Remember everybody lives by selling something.

Author: Sue Barrett, MD of www.barrett.com.au

Signs you are at risk of losing your top sales performers

October 26, 2011 in Attitudes & Behaviours, Coaching, Performance Management, Sales Coaching, Sales Leadership, Sales Talent, Self Development, Success, Wellbeing

There they are every day bringing in the deals. They’re always prospecting, meeting  clients, networking, making suggestions about how to do things even better and they never discount unnecessarily.  Best of all your clients are happy. They’re happy with your offering, happy with your service, happy with the sales support they get and your business is profitable.

Top of the world

Top of the world

Sounds magnificent doesn’t it?  Your top sales performer(s) require(s)  very little work. They self manage, are resilient and are such a breeze to work with. They’re low maintenance and are not temperamental  like those 600lb sales gorillas. You couldn’t be happier, right?

Well this is what most business owners or sales managers are thinking when they get a great sales performer.  ‘So easy’ they say, ‘I wish all my sales people where like this’.  And yes, we would love all our sales people to be self motivated, self disciplined, engaging people who cared as much about our businesses as we do while bringing in fantastic, sustainable sales results.

The temptation is to leave them alone and say ‘don’t fix what isn’t broken’.  Many business leaders and sales managers take this approach. However, it’s precisely the wrong approach to take with top sales performers.
Let’s look at how much would it cost you to keep a top sales performer versus how much you would lose if they left your business.

Research continues to show that top sales performers love to learn and grow. The money is good but it is not the overriding factor.  Instead they seek out opportunities to advance their skills, knowledge and mindset  on a regular basis – they want to be the best.   They strive for Mastery.   The number one quality distinguishing top sales performers from their colleagues is their desire to engage in self-appraisal & continuous learning.

Here is what you are likely to see top sales performers doing on a regular basis besides selling:

  • Asking for feedback on their own performance and the degree to which they have met client expectations.
  • Collaborating with colleagues and not putting competitiveness in the way of business success.
  • Recognising and acting on the need for continuous self learning and development.
  • Appraising their own performance and competencies and initiates development activities without prompting.

 

These activities are often done without the support of management. Top performers create their own self development journeys and go outside to get the coaching, mentoring and nourishment they need.
This is admirable on the part of the sales person and it seems, great for the business leader/owner or sales manager. However, businesses are putting themselves at a huge disadvantage if this equation remains one-sided.

Why?

Because money isn’t enough.  We might think that all we need to do is throw more money at top sales performers.   Yes they deserve to earn top dollar but it’s more than that.

We need to take an interest their overall development.  Provide them with opportunities to further develop their knowledge, skills and mindset.  Give them opportunities. These can be to work with us on the business, take a mentoring or coaching role in our sales team, work on special projects, develop new markets or become our business’ key spokesperson. We can position our top performers as a champion an important aspect of our business or simply give them one-on-one time with us or a nominated coach who takes a particular interest in their development helping them to be even more effective.

Changing Jobs

Changing Jobs

The small investment of our time and attention to develop our sales superstars is far outweighed by their contribution to our business.  Why risk it by ignoring the very people who make us a success?  It seems logical but organizations make this mistake time and time again.

I hear so many stories from top sales performers who just up and leave organisations because they feel they were taken for granted.  Here are some stories from top sales performers who have left companies because their requests for development were ignored:

  • “I wasn’t listened to. No interest was taken in me and my development. I had no respect as a professional business person.  Management didn’t care about my professional development and dismissed me as only being ‘a salesperson’ because I did not have a business degree.  They were only interested in me because I could bring in the deals.  I tried to explain that it wasn’t only about the money and that I wanted more challenges to help the business grow.  I had great ideas and wanted to step up. Instead they just told me to keep on selling and stay in my box.  I felt ignored and taken for granted.  I became tired, bored, and disillusioned with management and so I left.  They went into free fall when I resigned and since leaving the business they keep coming back to me offering more money.  They just don’t get it do they?’
  • ‘My repeated requests to my manager for coaching and training were dismissed as too costly.  I went outside to get the development I craved.  My manager just wasn’t interested in giving me any of his time to coach me and certainly wasn’t interested in paying any money for my development.  So I paid $3,000 of my own money for 6 one-on-one sales coaching sessions and they really helped.  The benefits of one-on-one sales coaching were enormous. I achieved 130% of my budget in my first year and made the annual incentive trip overseas. My manager tried to claim the credit for my success.  Needless to say into my second year nothing changed on the management front so after a further 9 months in solitude I left the company to pursue a career where personal development was valued.’

The cost of losing a top sales performer is enormous and it’s not until they are gone that most businesses realises its mistake.   Are you at risk of losing someone who is vital to your business?

Before it’s too late ask your top sales people:

What they want by way of personal and professional development.  Where would they like to take their careers?   How would they like to contribute to the business?  What ideas do they have about how we could be better?

Nourish these people with your interest in their ongoing development and show them that you genuinely care about their contribution and growth in your business – not just every now and again but continuously.   If you make this a priority you will retain these top sales people and benefit. Make it a priority to do something to support them and let them know you really value and appreciate their contribution.

If you need to talk to someone about coaching or training in sales, sales leadership, sales coaching or people management contact us.

Remember everybody lives by selling something.

Author: Sue Barrett, MD of www.barrett.com.au

Why leading an examined life is good for sales

October 20, 2011 in Attitudes & Behaviours, Brain Science, Coaching, Mindful selling, Neuroscience in Sales, Sales Results, Wellbeing

‘Leading an examined life’ was voted as the Number 10 of Sales Trends for 2011.   For many years you could lead an intuitive sales life because your product was your edge, but not anymore.  With products replicated in minutes, the spotlight is well and truly on the specific ingredients of being an effective sales person and sales leader and managing oneself in volatile times. This all begins and ends with neuroscience.

The latest scientific research into neuroscience confirms how we manage our brain. The brain is known to be like an electro-chemical machine and it’s our thoughts that affect the flow of our neurotransmitters across synaptic connections, especially the likes of Adrenaline and Dopamine. This in turn affects how we manage ourselves, make decisions and even recover from adversity.  Living under the feeling of constant excessive pressure is not good for us on any level,  particularly for sales teams who are often subject to achieving under the  demands of sales targets and tight timeframes.

Avoid the Brain Drain

Avoid the Brain Drain

One of the biggest detractors from achieving effective long term sales performance is being in a distressed state for a prolonged period of time, reducing one’s ability to bounce back from adversity, make effective decisions and manage our self.  The scientific research is showing that putting sales people under ‘constant pressure’ to achieve sales targets with no consideration given to time allocation preparation and resources is leading to poor quality decision making, poor overall performance and unhealthy life practices. This leads to negative behavior such as excessive alcohol consumption, and poor eating and sleeping habits which all contribute to the prevalence of poor sales results.

So how is your team holding up in these challenging times? Could they benefit from knowing how to manage their emotions?

In 2011 smart companies are now taking the time to uncover and develop the essential personal knowledge, skills and mindset needed to be resilient under pressure in their sales and leadership teams.  In particular, there’s a focus on helping people develop a ‘mastery mindset’ and accompanying body awareness where self reflection, self awareness, compassion, candor, caring, learning agility and developing resilience are key.

Far from being self indulgent, neuroscience combined with personal insight and continuous learning is helping salespeople and leaders take control of their careers, manage their emotions, harness their energies, reduce their distress and sell more effectively than ever before.

Neuroscience, psychology, the brain and sales, the science of selling if you like, go well together.  Think about it, it makes sense.  Understanding our brains, how they work, what works well for them and what doesn’t work so well, and the skill of selling our business’ product and services all tie in together.  If you understand what is happening at a brain level, you can further understand your responses and behaviours, the way you’re feeling, and in turn why you’re getting the results you are getting.  Furthermore, if you’re not performing at your best as a sales professional, why wouldn’t it make sense to understand what is happening at a brain level or what neurotransmitters you’re creating to be responding and behaving in a certain way?

Chemical messengers that transmit a thought from one cell to the next allowing brain cells to ‘talk to each other’ are neurotransmitters.  What is most fascinating is how you experience emotion and how you feel is dictated by certain neurotransmitters.

Everything going right
Everything going right

Kelly Rothwell, Barrett’s organizational psychologist and neuroscience expert explains, ‘Think about a time when you were successful, when everything was going ‘right’…think about it for at least 30 seconds…how do you feel…what are you doing, are you smiling, do you feel good?  I am going to assume you’re at least feeling good.  This is the power of your thoughts and neurotransmitters.  You have a ‘feel good’ thought and you release certain kinds of neurotransmitters such as, endorphins, norepinephrine, dopamine, acetylcholine and PEA.  The flip-side is that if you have ‘unhelpful’ thoughts in an environment where you think you are ‘failing’ and ‘unable to make change’ the epinephrine (or adrenaline) neurotransmitter is released.

Epinephrine or Adrenaline as a neurotransmitter is imperative for our ‘survival instinct’.  The challenge is our brain does not know the difference to a threat to our lives or a threat to our lifestyle unless we manage our thoughts and mindsets appropriately in the ‘stressful’ situation.  It just responds to a threat as it would when our lives are at stake. if we leave it unmanaged, this is where the challenges occur.

Increased adrenaline production causes the body to step up its metabolism of proteins, fats and carbohydrates to quickly produce energy for the body to use.  The pituitary gland increases its production of andrenocorticotropic hormone which stimulates the release of the hormones cortisone and cortisol.  These have the effect of inhibiting the functioning of disease fighting white blood cells and suppressing the immune system response.  Moreover, we have elevation of blood pressure, acceleration of the heartbeat and greater tension in the muscles.  Digestion slows or even stops.  This complex weave of physical changes is known as the ‘fight or flight’ response which is helpful when our lives are at threat. It’s not so helpful when we are in potentially long-term ‘stressful’ situations as trying to reach sales targets, for instance, that have not been strategized as well as they could be.’

Kelly highlights a fascinating yet tragic true story about the life threatening aspects of prolonged stress: ‘What we know is that a continual stressed state such as what has just been described eventually wears out the body.  Think about it this way – only a few veterans who fought during the siege of Stalingrad (both Russian and German soldiers) lived to the age of 50.  Few even lived to the age of 45 and most died soon after their 40th birthday.  All of these individuals suffered extreme stress 24 hours a day for more than six months.’

We may not personally be fighting in a war, yet our brains and bodies can respond in similar ways if our stress or neurotransmitters are unmanaged.  Within the 21st century marketplaces, leading an unexamined life is not only detrimental to your health, it can be detrimental to many results you are seeking.  If we’re unable to learn about ourselves, how we work and in turn our strengths, how are we to help ourselves excel at the work and profession we have chosen?’

Some very simple tips on managing perceived ‘stressful’ situations or even days are as follows.  What needs to be noted here is being aware of what is actually going on within yourself and to yourself.  The tips include:

  • Take control of your breathing – be aware of your breathing rate and take slow deep breaths
  • Take command of your muscle tension – be aware of which muscles are tense and let go of that tension
  • Take control of your cognitive processes – be aware of that internal ‘self-talk’, your thoughts, and be honest about the situation (our brains are very effective lie detectors, don’t sugar-coat the reality) and change your focus through asking helpful questions of yourself –it’s amazing what answers you can be provided.

So avoid the brain drain. Those who lead an examined life know that we can’t know another if we do not know ourselves first.  Ultimately you need to take the time to build awareness of yourself, how you are feeling and behaving. What is going on in your brain? Are you engaged and consciously aware of yourself and what’s  going on?  Without awareness and giving yourself an opportunity to lead an examined life through learning about yourself, you’re not likely to be able to do something about it if you don’t like the results you are getting.  If you aren’t achieving your goals at work (or at home), knowing yourself and what you’re doing to influence situations is key.  Take control of what you can control. There is no need for unconscious or disengaged selling in 2011.  Smart companies will make conscious, mindful selling a part of their daily working lives. To achieve sales mastery we will need to lead an examined life in 2011.

Remember everybody lives by selling something.
Author: Sue Barrett, www.barrett.com.au

8 Top Tips To Stop Yielding and Start Earning

September 22, 2011 in Call Reluctance, Coaching, Prospecting, Sales Assessments, Sales Tips, Sales Training, Yielding

Do you experience difficulties asserting yourself with others in a sales context?  Is maintaining positive relationships with clients so important to you that you are concerned these relationships may be damaged if you are perceived as pushy or intrusive? Do you hesitate to prospect, sell or self promote due to a reflexive fear of being considered too pushy, intrusive, or selfish?

If you recognise any of these behaviours you might just be suffering from the debilitating behavioural issue known as ‘yielding’ which affects many sales people and keeps them from earning what they are worth.

Despite the fact that selling requires assertive behaviour, ‘yielding’ is the most common behavioural issue for sales people. The result of yielding is underperformance in sales and devastating consequences for the individuals concerned, their teams, customers and managers.

So how do you stop yielding and start earning?

Make no bones about it, selling is an assertive profession.

Selling requires people to ‘push’ themselves out into the market place and put themselves in the right position to work with the right customers.

balanced approach

A Balanced Approach

People who act assertively are:

  • Positive – Rather than negative.
  • Calm – They’re at peace with themselves & others.
  • Enthusiastic – They complete tasks with zest & feel they’ll succeed at them.
  • Proud – They accomplish what they do without stealing ideas from others.
  • Honest – When they give their word that they’ll do something, they do it.
  • Direct – They don’t play manipulative games to get what they want.
  • Confident – They take calculated risks.
  • Satisfied – They know where they’re going & how they’re going to get there.
  • Respect for others – They recognise others have needs & rights.
  • Energetic – Their energy is directed toward achieving their goals.

By contrast, yielding is passive, fear-based behaviour and is usually learned* to avoid dealing with difficult or confronting situations.  If practiced too much it can become a deeply ingrained habit affecting many situations in life.   Some of these habits include:

  • indecisiveness, non committal or excessively subjective
  • tend to agree with everything, hesitate to challenge or contradict
  • waiting for the ‘right time’ to prospect or sell
  • needing to be liked over making sales
  • sometimes manipulates others through non-confrontational means such as gossiping, pouting, and passive-aggressive power plays
  • super-sociable, a rapport-builder, empathetic, always agreeing on the surface yet can be critical behind others backs
  • conflict-avoidant; and have difficulty speaking when angry
  • have difficulty closing sales and talking about money
  • focussed on rapport-oriented sales presentations rather than having real discussions about clients’ priorities, issues or needs
  • too quick to accept client objections and let them walk all over you
  • give away margins or discount unnecessarily
  • would rather make friends rather than clients

Sadly sales teams have far too many people with yielding behaviour producing poor sales results. This is endemic in sales and service teams. Individuals with yielding behaviours often show a lack of prospecting capability, poor up-selling and cross-selling skills, have issues with quality control because they will not speak up about issues, often undermine the actions of others, which all leads to the erosion of  trust in relationships which is the very things yielders do not want.  The result is stakeholders and clients not getting what they really need because people with yielding will not ask more in-depth questions, assert themselves or challenge the views of others instead accepting everything on the surface while often disagreeing beneath the surface; and so on.

Often labeling people who act assertively as ‘aggressive’, people with yielding behavior will justify their actions and often resist attempts to be more assertive.   What people with yielding behaviour often do not realise is that when they yield other people feel:

  • Irritated – They wish you’d stand up for yourself  & make your own decisions.
  • Withdrawn – They avoid you because your negative attitude makes it difficult for them to maintain their own positive attitude.
  • Superior – They lose respect for you as a person, because you aren’t willing to stand up for what you believe in.
  • Tired – They waste valuable energy dealing with their negative reactions to you.

Yielding is not cool.  Never has been and never will be.

While building rapport with clients is important, a reluctance to adopt more assertive selling behaviours such as speaking up for yourself, challenging ideas, asking questions, etc. is likely to prevent you from initiating and closing sales.  So how do you overcome your yielding tendencies?

Tips for overcoming yielding:

  1. Remember that the price, terms, conditions, and other related aspects of your product and service have been set with a lot of forethought and planning in mind. Try not to fall for the trap of undermining your own product or service before you begin the negotiation.
  2. Negotiate for positive outcomes i.e. win/win outcomes. Quite frequently giving way, for its own sake only serves to damage the longer-term relationships with your clients and others.
  3. If you give something, ask for something back in return.
  4. People respect assertive people who speak well of their products or service. Inject enthusiasm and real warmth into your discussions. Particularly when you have to say ‘No!’ .
  5. Speak up about how you feel and what you really want – we cannot read your mind.
  6. Don’t make assumptions – always ask questions to uncover what people really need.
  7. Challenge yourself by asking some questions about the situation.
  8. Ask yourself ‘What is the worst thing they can say if I ask for what I want?’ The worst answer is ‘No’, however you will be surprised how often they will say ‘Yes’.

You can assess your sales fitness and behavioural tendencies too, including yielding, by taking the world renowned Sales Preference Questionnaire to give you a more accurate diagnosis.  If you want to know more about your current sales fitness and get your specific development tips and coaching, talk to us at Barrett on (+61) 03 9533 0000.

*Some people have personality traits which are more passive by nature, this means they will exhibit more of these behaviours. However,  they too can learn to be more assertive with training. Most people have learned how to be passive or yielding which means they can unlearn these destructive behaviours.

Remember everybody lives by selling something.

Author: Sue Barrett, MD of www.barrett.com.au

Why we should manage & measure Sales Inputs rather than Sales Results

June 9, 2011 in Coaching, Communication, CRM, Performance Management, Prospecting, Sales Training, Success

Do you leave your sales results to chance?  Well you might be if you are like most businesses that are too fixated on Sales Results – the Outcomes. Managing by numbers, sales managers can get blinded by measuring the number of sales made and revenue and profit margins achieved rather than focusing on the vital activities that produce these outcomes in the first place– The Sales Inputs.

Every outcome is the result of its inputs.  Every effect has its corresponding cause(s).

Consider the following questions:

  • Do you know how your sales people actually achieved their sales results?
  • Do you know how well they are identifying real opportunities with their prospective clients and current accounts?
  • Do you know how well they are planning and managing their sales portfolio and their time?
  • Do you know how well they are utilizing the CRM to help drive sales and manage relationships?
  • Could there be more opportunity in these accounts that is otherwise being identified by your sales people?
  • How easy is it for a new comer to learn and replicate what your top sales performers do?

These are just some of the questions that if examined for their content, would make the lives of sales managers and sales people that much better.  Sales people would know the vital activities they need to perform and to what standard and what knowledge they need to apply to add real value.  And sales managers would yield much better sales results all round if they devoted more of their time coaching and managing their sales people around these input activities rather than only looking for and reporting on their sales results.

Do you want to increase your sales team’s effectiveness and boost sales results?

Pay attention to the details because excellence is in the details.  Look at what you put in to see what you get out in terms of sales results.

Sales managers, sales people and business leaders could learn a lot from observing the Quality and Quantity of their actions each day.  We call these the Input Measures which are made up of Type & Quantity of Activity and Quality of Activity.   These are the areas that people can be trained and coached in.

Type & Quantity of Activities – the following are examples of types of activities:

  • Leads developed
  • Prospecting calls
  • Client meetings
  • Proposals developed
  • Deals in the pipeline
  • Up / Cross sales discussions
  • Customer inquiries
  • Account management calls / meetings
  • Account reviews had
  • Referrals requested

Quality of Activities – the following are examples of competencies or standards of activities:

  • Business acumen
  • Sales Planning skills
  • Prospecting skills
  • Selling skills
  • Communication skills
  • Relationship building skills
  • Negotiation Skills
  • Product knowledge
  • Company  and market knowledge
  • Problem solving
  • Client proposal development
  • Self-Management

Sales Managers can really make a significant difference to their sales results and the lives of their sales people if they invest the time in coaching, training and working with their people on the Input Measures rather than pointing out the results week in week out.  Results are important and need to be acknowledged but they can only be as good as the inputs. Once we understand the Input Measures then we can see their effect on the Results or Output Measures.

Output Measures / Results can include:

  • Overall Sales made including sales with new clients and existing clients
  • Sales revenue
  • Sales profitability
  • Sales growth
  • Sales quotas
  • Sales by product or region
  • Average deal size
  • Market share & growth

Let’s make sure that sales results are not left to chance; work on the inputs and get them right.  It will make a difference to your results.

Remember everybody lives by selling something.
Author: Sue Barrett, MD of www.barrett.com.au

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