q

You are browsing the archive for Sales Training.

Why selling is now a team sport

March 17, 2011 in Collaboration, Communication, Customer Service, Marketing, Procurement, Sales Relationships, Sales Training, Teamwork

Subjected to marketing and sales monologues for the better part of 40 years in the form of blanket advertising, product brochures and ‘your call is important to us’ busy signals, customers have taken the lead and are way ahead of us when it comes to having sales and marketing dialogues.  Far more informed and sophisticated, and posting blogs, Facebook ‘Likes’, Tweets and reTweets, customers are engaging in their own sales and marketing dialogues about our products, our sales people, our promise, our customer service proposition and our brands, and they are affecting how we are perceived and valued in the market place.

At its very best, customers can be our finest sales team, advocating our products, services, people and brand with their endorsements.  Customers can drive more sales and business to our door or, in this day and age, our online shopping carts.  By contrast, the impact of their disapproval of our brand, products, customer service and sales people can be swift and devastating, sending people away in droves with their digital complaints and jibes in cyberspace.

It is apparent that Marketing is no longer in complete control of the brand and how it is represented in the market place – customers are taking our messages, tuning and translating them to suit their own needs while some tech savvy people are even manipulating brand images, emails, websites, Facebook pages and Tweets to their own advantage to potentially misrepresent companies, brands and products for good or for bad.  Marketing is no longer static, one way or bullet proof.

Coupled with this, Selling has now become a social enterprise where everyone (employees, customers, suppliers, communities, etc.) can be, and often is, involved in the sales and customer service processes, and in some instances, the procurement process.  Smart sales people are using their advocates to engage with their prospects and customers, encouraging and influencing them along the buyer’s journey.  Linkedin in the B2B space, Facebook in the B2C space, and in some instances the B2B space, along with Twitter are rich in group conversations which need to be listened and responded to, monitored and used as signposts for new innovations, satisfaction levels and collaboration.

It’s like the Wild West and this new age of selling and marketing is really challenging the way businesses control and represent their image, values and reputation.  Like pioneers forging new frontiers, Sales and Marketing teams need to rethink their strategies and start working together if they are going to effectively influence and communicate with their valued customers and advocates.  It’s now time for Sales and Marketing to collaborate.  For too long, too many organisations have had a standoff between sales and marketing: an ‘Us versus Them’ finger pointing culture of one-up-man-ship to the detriment of customers and businesses alike.

Sales and marketing need a new partnership.

  • Is everyone in your business on the same page or are your sales and marketing teams still operating in silos?
  • Do you really speak to and actively engage with your customers and relevant communities or is marketing still producing marketing material that is too product centric and the sales team still engaging in product monologues?
  • Are your sales people trained in the fundamentals of marketing skills and strategies?
  • Are your marketing people trained in the fundamentals of selling skills and strategies?

Get everyone in the same room

Why not involve your marketing team in your next sales training program or at the very least get the sales and marketing teams together for 1 day and discuss what needs to happen to ensure you are all on the same team and working for the betterment of all.  Look at your key messages, advertising strategies, discussions groups, websites, social media, product mix, direct and emerging competitors, and your everyday public presence.

Why not go one step further and include all your staff in the discussions: get your customer service, finance, production/operations, IT and procurement teams in the same room and map your customers’ buying journeys.  Explore how everyone in your business can affect your brand, customer experiences, sales results and overall business performance.

One thing is clear: Successful selling now requires new and more meaningful collaboration between sales, marketing, customer service, operations, finance, IT, customers, suppliers and communities. We’re all in it together.

Remember everybody lives by selling something.
Author: Sue Barrett, Sales Training at Barrett at barrett.com.au

Knowing your business

March 10, 2011 in Business Acumen, Communication, Procurement, Sales Relationships, Sales Research, Sales Skills, Sales Training

‘Knowing your business’ was voted as the Number 3 Sales Trends for 2011.  With business becoming more complex it should come as no surprise that clients want to work with business people who can sell, think about possibilities and create a work partnership with their businesses.  However, our studies with hundreds of sales professionals and middle management sales leaders reveal that the level of business knowledge and commercial acumen is poor or non-existent in many cases.  Often trained on product but not on business practices, many sales teams are falling short in delivering value to their clients.

More and more is being asked of sales people and sales managers when it comes to business knowledge and commercial acumen.  Gone are the days of just being a product expert.  Sales people need to be competent business people too.  Being able to understand strategy; how businesses, markets, and communities function; and where we, our products, services and business works in concert with our clients should be on our agenda in 2011.  Today, clients expect to communicate and deal with a real professional who knows how business functions.  They want to have business discussions not product discussions.

Our studies reveal that there is little if any discussion about the big picture or business strategy, or innovation or supplier integration.  At best, supply and distribution are on the agenda along with product.   A surprising finding was the low level of business knowledge and commercial acumen with sales managers in the technical product sectors – very focused on product quality, distribution and service they are not working at the required level to make business decisions and work strategically with clients.

What does business or commercial acumen consist of?

Using the Barrett’s Sales Competency Dictionary, here are some definitions of business competencies relevant to sales people:

Business Acumen: Demonstrates an understanding of how business works; understands the business’ commercial drivers and makes commercially sound decisions.

Financial Awareness: Develops strategies in order to optimise the potential profitability of sales and to measure the financial value of the customer-organisation relationship.

Market and Industry: Keeps up to date with relevant business, technical and professional knowledge and uses this information to understand market trends, customer needs and buying patterns.

Rosenbaum’s 2001 research into elite sales performers reveals that they are focused on the business of business as a key part of their sales strategies.  Here are the key competencies they display that other less effective sale people do not:

  • Listen beyond the obvious product needs
    • Presses for more information to identify the business issues underlying the customer’s needs
    • Creatively draws on the full resources of the firm / business
    • Introduces customers to other suppliers and potentially valuable support resources
  • Orchestrating internal resources
    • Treats company resources with the same degree of importance and creativity as their prospects
    • Invests time building collaborative, customer focused relationships inside their organisation
  • Aligning customer and supplier strategic objectives
    • Looks to further the interests of their customers’ firms as well as their own
    • Keeps current on developments that affect customers’ business strategies including emerging trends and customers’ competitors
    • Welcomes opportunities to customise products or services and has a long-term perspective on the way they do business with customers
  • Establish a vision of a committed customer relationship
    • Expands the customer’s understanding of what a business relationship can be
    • Builds a flexible relationship that is responsive to marketplace changes
    • Communicates achievable objectives for the relationship while challenging the creativity of both organisations
  • Understanding the financial impact of decisions
    • Adept at understanding the financial impact of decisions
    • Uses internal resources in ways that are appropriate to the potential profitability of serving individual customers
    • Looks for ways to contribute to customers’ profitability

So what’s the solution?

How do we ensure that this competency is alive, well and fit in the sales force?  Should everyone have an MBA?  The answer is ‘No’.  Without some domain expertise, MBA’s do not make you a great operator either.  It’s about combining experience, thinking and creativity with theory.  Getting real life hands on experience allows you to see how the real world operates.  An interesting article on Radio National highlights the problem of having an MBA without real life experience and the serious issues this has created in business: MBA – Mot Bloody Awful

The answer lies is giving our sales people access to information or introductory training on the fundamentals in business, and the opportunity to review true-to-life case studies about how their business integrates with customers’ businesses is a good start.  Including sales people in strategy development and business planning is also useful.  Our ’5 Step Sales Planning Process’ that is part of our sales training and Go-to-market training sessions have also proven to be a big hit with sales teams.  It allows them to develop their own sales strategies and do the thinking and analysis on their business and that of their customers and markets.

Having business and commercial acumen is also becoming a prerequisite for Human Resources and Procurement professionals.  We all need to know how businesses work and function.  The warning is if we continue to lead with product, we and our sales teams will be left behind in 2011.  Like anything, it’s about blending theory with practice.  Making sure our sales people can understand businesses’ commercial drivers and make commercially sound decisions in line with ours and our clients’ business strategies is key in 2011.

Remember that everybody lives by selling something.
Author: Sue Barrett, MD of barrett.com.au a Sales Training firm.

Different sales assessments and how to use them

January 21, 2011 in Attitudes & Behaviours, Call Reluctance, Coaching, Culture, Emotional Intelligence, Ethics & Values, Prospecting, Recruitment, Sales Assessments, Sales Research, Sales Training, Self Development

If you wanted to, you could sit down for at least four weeks and complete 100’s of sales assessments and there would still be more on offer.  This over abundance of sales assessments can be confusing because they are not all the same.  If you do not know what you want to measure it will make looking for an effective sales assessment tool that much harder.  Here are some questions that may help you select your sales assessments with more precision.

  • Why will this person sell? (Motives, Ambition, Goals)
  • Will this person sell? (Attitudes, Mindset, Not Hesitant, Accountable, Energy, Drive)
  • How does this person sell? (Style, Ethics, Behaviours)
  • Can this person sell? (Skill, Knowledge, Mindset)
  • How well can this person sell? (Job match, Values, Perceptive Reasoning, Self Belief, Mastery Mindset)

As stated before, there is no one sales tool that can answer all these questions.  So at risk of offending some test providers and users, as I am bound to leave out some assessments that could have been included in this piece, I thought I would share with you the tools that we and many other businesses have found to be the most useful in helping us predict sales performance especially when it comes to sales recruitment.

Measuring Sales Prospecting Fitness
Research shows that only about 20% of sales people are fully effective when prospecting.  In use for 30+ years, the SPQ*Gold (Sales Preferences Questionnaire) is a well regarded and widely used assessment designed to specifically detect and measure the emotional response to prospecting – Sales Call Reluctance®.  Call Reluctance® is the emotional hesitation to initiate contact with prospective buyers in sufficient numbers to support organisational goals.

40 years of empirical research in prospecting shows the hesitation to initiate first contact with prospective buyers on a consistent daily basis is responsible for the failure of more competent, motivated and capable sales people than any other single factor.  The fear of prospecting can cost an average of 15 new units of business per month per sales person.  Prospecting is not the most important skill in selling but it is the first thing that has to happen before anything else happens.

Assess the Fear of Prospecting
The fear of prospecting, Sales Call Reluctance® and sales hesitation, an individual’s hesitance to prospect and self-promote for new business, can be objectively measured using the SPQ*Gold® questionnaire. The SPQ*Gold® is an attitude and activity based online assessment that identifies how much initiative, energy and drive an individual devotes to proactive sales prospecting and the amount of energy spent on coping with inhibitors such as fear. The SPQ*Gold® is the only tool that measures the prospecting fitness of people in sales, sales management and customer contact careers.  It is best suited for anyone responsible for meeting sales and revenue targets whether you call yourself a sales person or not.

SPQ*Gold helps you answer these 3 business questions:

  1. How much will they produce?
  2. How soon will it happen?
  3. What will it cost you to get that performance out of them?

Applications

  • Administered online via user name and password sourced via an accredited provider.
  • The SPQ*GOLD® can be used for recruitment and development purposes to measure prospecting fitness.  It produces individual selection reports, team summary reports, and development and coaching reports.
  • SPQ*Gold will NOT measure personality, motivators and values, communication styles, emotional intelligence, leadership styles and derailers, or cognitive attributes and abilities (IQ).

Measuring Sales Performance Characteristics and Style
SPI-Q (Sales Performance Insight Questionnaire) is the latest and most comprehensive sales assessment tool in the marketplace.  The Sales Performance Insights Questionnaire (SPI-Q) has been developed in Australia by Performance Insights and focuses on the attributes that are uniquely relevant to sales.  It is the only product in the market that predicts the multi-dimensional characteristics required by today’s sales professionals, and measures the subtle but critical characteristics that differentiate successful sales people.  The questionnaire measures 25 Sales Attributes, clustered into three broad domains:

  1. Compelling Relationships – measures the preferences the individual has when working with clients and developing relationships i.e. Impact, Credibility, Insight, Attentiveness, Initiation, Influence, Social Leverage, Client Engagement and Negotiation.
  2. Perceptive Reasoning – measures how the individual processes information and makes judgments relating to client issues and solutions i.e. Research, Exploration, Agility, Pursues Learning, Creativity, Structure, Quality Orientation, Rational, Specialist and Judgement.
  3. Channelled Energy – measures the motivators and levers which drive the individual to succeed i.e. Authenticity, Resilience, Self Belief, Recovery, Motivation and Sales Drive.

The questionnaire has been designed to be highly pragmatic and user-friendly (requiring minimal training) with standard interpreted report outputs which are adapted based on the individual’s results.   The SPI-Q is a self-report questionnaire and the accuracy of this profile depends on how honest the individual has been when completing the questionnaire as well as their self-awareness.  It reflects their preferred style rather than their ability.  However, research shows that people’s responses to personality questionnaires can act as a good predictor of how they are likely to behave on the job.  There is no one ‘perfect profile’.

Applications

  • Administered online via user name and password sourced via an accredited provider.
  • The SPI-Q can be used for recruitment and development purposes.  It produces individual reports along with accompanying team summary reports, development and coaching reports.
  • SPI-Q will NOT measure values, leadership styles & derailers, cognitive attributes and abilities or prospecting fitness.

These two tools would be my first choice when recruiting sales people.  If you want to measure Culture Fit, Motives and Values, Leadership Style and Derailers, Emotional Intelligence (EQ) or Cognitive Abilities (IQ) then we recommend the following tools, which while they are not sales specific, have been widely used in sales and sales leadership.

Measuring Culture Fit and Values: The Hogan Motives, Values and Preferences Inventory (MVPI) measures ten core values found in most cultures throughout history i.e. Aesthetics, Affiliation, Altruistic, Commerce, Hedonism, Power, Recognition, Science, Security and Tradition.  It is not sales specific, however, it provides vital information to managers about how to coach and manage their sales people in terms of motivators, values and drivers.  The MVPI provides useful data about the kind of work environment the candidate prefers.  Measuring organisational fit is critical to staff retention and cultural engagement.

Measuring Leadership Style and Derailing Behaviours: Most business leaders have coping behaviours they draw on when under pressure.  The Hogan Development Survey (HDS) measures strategies and behaviours leaders have developed over time (even from childhood) to cope with increased levels of pressure whether due to change, high stress, multi-tasking, work saturation, an unhappy environment or being outside of their comfort zone. The HDS is not purpose built for sales leaders however it has a wide body or research on sales leadership with relevant norm groups to refer to.  Research shows that most leaders display at least one coping style.  In measuring extremes of personality then, it is very important to remember that these can have highly positive implications.  There is, however, always a potential downside to extremes because if they are not managed effectively or appropriately they can become problematic.  When business leaders, especially sales leaders, are not managing their interpersonal façade well (perhaps because of stress, pressure, deadlines, etc.) these extremes can emerge unchecked and upset the delicate balance of teamwork and interpersonal relationships.

Measuring Emotional Intelligence (EQ): Emotional Intelligence (EQ) involves a set of skills that define how effectively people perceive, understand, reason with and manage their own and others’ feelings.  These skills are cornerstones to successful selling, as emotions are an inherent part of why people buy and why they do not. The Genos Model of workplace Emotional Intelligence comprises seven specific EI skills critical to successful selling i.e. Emotional Self-Awareness, Emotional Expression, Emotional Awareness of Others, Emotional Reasoning, Emotional Self-Management, Emotional Management of Others and Emotional Self-Control.  Each skill can apply to successful selling.

Measuring Cognitive Attributes and Abilities (IQ): There are no sales specific attributes and abilities assessments that we know of, however, good quality Attributes and Abilities assessments have been around for over 50 years.  They are often referred to as IQ tests.  They are widely available through accredited providers and most organisational psychologists.  They are becoming more applicable because more sales and many leadership roles, especially sophisticated or more complex sales markets, require high level thinking abilities such as:

  • Verbal – verbal fluency, vocabulary and ability to understand and reason using words.
  • Numerical – ability to use and understand numerical concepts, reason using numbers and perceive logical relationships between them.
  • Abstract – the ability to think clearly and make sense of complexity, which is known as educative ability and the ability to store and reproduce information, known as reproductive ability.
  • Critical Thinking – the ability to clarify goals, examine assumptions, discern hidden values, evaluate evidence, accomplish actions and assess conclusions.

We do not use single assessments.  Instead, we combine tools to give us a more complete picture.
Different sales roles in different industries require different attributes for success.  Thus, profiles should be interpreted with reference to a specific role and its requirements.  It is important that the data from any assessment be combined with other sources of information about the individual when making decisions, particularly in selection settings.  Most assessments have a shelf life of 18–24 months and should be treated confidentially.  If there are major changes in an individual’s life or work, this could change some of the attributes in some assessments.  If you wish to use recruitment grade assessments for sales selection, I hope this helps you make a more informed decision.

To order an online assessment today, please call Barrett on 03 9532 7677 or for further information click on this link  www.barrett.com.au/assessments

Remember everybody lives by selling something.

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

How much training should I give my sales team?

November 18, 2010 in Coaching, Sales Leadership, Sales Management, Sales Planning, Sales Training

Highly effective sales people and teams do not happen by chance.  A study by Aberdeen Group (2009) of 8,500 top performing companies with a turnover in excess of $50 million, showed that the highest performing of these in each of their industries provided their sales teams with no less than 8 days of focussed sales training per year, and this did not include product training.

Another Aberdeen Group Productivity report (2008) showed that top-performing sales organisations were 24% more likely than all other companies to either have in place, or have short-term plans to implement, formal sales training methodologies.

It is plausible that larger businesses can afford to, and do invest in, the development of their sales teams on a more consistent basis.  Usually supported by Learning & Development departments, access to the latest research and training providers, corporates and larger businesses can appear to have the upper hand when it comes to highly skilled sales and service teams.

Providing regular and quality training and coaching can prove to be a challenge for smaller businesses.  Finding the time to take your sales team out of the field to train them, getting access to quality, customised training content and quality trainers at an affordable price is problematic.  Too many ‘off the shelf’ sales programs aren’t usually flexible enough to meet most sales teams’ requirements and are often limited to simple transactional sales interactions or motivational ‘rah rah’ sessions.  However, for many SME sales teams to compete head to head with the skills of larger businesses they need to be trained in more complex selling skills and processes which include:

  • Sales and account planning
  • Prospecting skills and strategies
  • Consultative/diagnostics selling skills
  • Negotiation skills
  • Interpersonal communication skills
  • Public speaking, pitching and presentation skills
  • Account management and development
  • Business acumen
  • Deal making and proposal/tender writing
  • Self or time management
  • Self awareness, resilience and insight

So how can SME’s continue to develop the skills, knowledge and mindset of their sales teams even though they do not have the resources of a major corporate?  We need to be clever about creating a continuous learning environment in SME’s. Here are a few tips:

  1. Think about what standard you need your sales and customer service people to be operating at.  This will help you determine the type of training you need to provide them with.
  2. Assess what you feel confident delivering in-house and what you need to access from qualified, external providers.  Research your external providers and make sure they deliver practical, competency based training that can be taught and transferred to others.
  3. Map out a 12 month learning plan which provides regular learning sessions and has clear learning outcomes so you can check progress and skills and knowledge development.  Not all of your training need be full day workshops.  The best value is gained from ‘mini’ sessions of 30 minutes to 1 hour run regularly (fortnightly or at least every 4 weeks) interspersed with more formal classroom learning i.e. between 1-4 days per year on key topics where you need formal instruction.
  4. The mini learning sessions can focus on specific topics.  A great way to include everyone and create accountability for learning, is to allocate topics to your sales and customer service people and have each of them select a topic they will research and present to the team.  This helps you spread the learning load whilst giving your people the chance to practice their presentation skills.  Rotate these sessions amongst your sales team. Make sure the environment is supportive and constructive to encourage rather than discourage participation.
  5. Reading material is in abundance.  Giving your people access to free sales articles, such as the ones I write, can be used to assist further learning.  Many of our clients’ sales managers use these sales articles to aid their sales team development.  Whether they send it out as a topic to read or use the topic as a point for discussion in their sales meeting, they are creating a continuous learning environment.
  6. If you are going to invest in external development, a critical area is sales management and coaching.  This can have the greatest return on investment for you and your sales team in terms of their professional development.  Between 60-70% of a sales managers time should be devoted to people development.  We suggest you get yourself or your sales managers professionally trained as sales coaches and trainers.  For instance, we have built a Sales Leader’s Tool Kit which includes sales coaching field guides and mini skill, drill learning sessions that sales managers can run with their sales teams on a regular basis.  This equips them to run structured, well planned sessions, and aids the development of your sales teams and shows your commitment to their ongoing development.

SME’s don’t need to be left behind when it comes to having high performing sales and customer service teams.

Continuous learning is a conscious choice and does not happen by accident.  Whether you have access to large sums of money or not you can create a viable learning environment and continue to enhance the capabilities of your sales and service teams.

Start with the end in mind –sales mastery is a way of life not a fad.

Remember everybody lives by selling something.

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

Planning for 2011

November 11, 2010 in Marketing, Sales Planning, Sales Research, Sales Training

Budgeting and developing strategy for 2011 should be near the top of your ‘to-do’ list right now or be bedded down already.  People complain about being too busy and never having enough time, however if you do not make time for regular planning you will let everyone down.

Make time to work on:

  • Forecasting
  • Evaluating staff hiring and implementing staff development plans
  • Ensuring that your marketing calendar is planned through to June 2011 at a minimum

Right now we are working with several clients on their sales plans for 2011 as well as planning out their 2011 sales training schedule.

Here are several ideas for you to consider.  The questions below should be handed to each of your management team and each person should prepare their answers.  Ask them not to be soft in their responses, and to set aside some quiet time to apply the appropriate amount of thoughtful reflection and analysis in compiling their individual answers.  Have everyone compare their responses with the rest of the team at your next management meeting.  You may even like to reward authentic and well constructed ideas.

  1. What went well in the past 12 months?
  2. What did not work or go well?
  3. What are the key drivers influencing our market, our customers and our competitors?
  4. What are the key metrics that are giving us the right information?
  5. What are the risks we are facing internally and externally?
  6. What are the opportunities or ideas that could lead to better business growth, client retention and increased market share?
  7. What are the factors we know we will be facing in 2011?
  8. What are the assumptions we are making about the market in 2011?
  9. What were the assumptions we made in 2010?  Did they hold true and are they still true?

We use these questions and many more during our strategic sessions with clients and with ourselves to help everyone get on the same page and build a vision for each organisation.

A Best Practice hint: set a date!  For example, by 17 December 2010 all budgets, compensation plans and marketing programs must be completed.  This will keep everyone working towards that deadline.  That is what we will be doing at Barrett to ensure we are well set up for 2011.    Special thanks to John Garrido, our Director of Sales, for bringing this article to light.

Remember everybody lives by selling something.

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