THE WAY THINGS ARE AND THE WAY THINGS ARE
In sales and sales management there's the way things are, and the way things ARE. It's important to realize the difference if we're going to accomplish more.
As a salesperson you know that the most important thing you can do every day is prospect for new accounts but even with the best of intentions few of us really do prospect every day. The way things are is that we have appointments to run, company meetings to attend, paperwork to do and a million & one other things that need to get done. Often prospecting takes a back seat. Should it? Nope. The way things ARE is that we need to find a way to fit it all in or we need to be better at getting rid of stuff that needs to get done but doesn't support our goals.
As a sales manager, the way things ARE is that you want to invest the majority of your time actively coaching your people to greater success so that they, you and the company makes more money. The way things are is that, like your salespeople, you have internal meetings to attend, forecasting and paperwork to do, planning for sales meetings, etc.
Want to make more money?
Find ways to fit it all in or get rid of what doesn't get you where you want to go. Make a list of the way things are and the way things ARE and make sure you doing the activities you need to do to make sure the way things ARE puts more money in your pocket. Track where your time goes and look for areas where you can eliminate wasted, or less-than-productive time.
Be very conscious of time thieves like excessive research, friends and other reps you work with that want to chat about last night's American Idol while you're trying to earn living for yourself and your family. Book yourself solid with appointments and, if you have to, tell your manager, "I can attend the HR meeting about new benefits or I can go meet with a prospect that may turn into business. Which do you want me to do?" Act like your sales job is really you running your own business, because it is. If you owned the company, and the profits went into your pocket, would you waste time on non-revenue generating activities?
Make sure you're investing rather than spending your valuable time.
ORGANIZE YOUR SALES DAY
You're in sales and you have a lot to do each day. Want to make more money? Get organized! While many sellers I observe spend their day putting out fires, and reacting to whatever siren is clanging the loudest, others do either whatever is easiest or whatever they enjoy the most. The most successful reps, however, plan their day.
I don't care what type of calendar you use...paper, electronic or any other, you need to use your calendar religiously and make sure that everything, and I mean everything, you need to get done is on your calendar.
Here are some of the most important activities that should be on your calendar for certain. This list is not all inclusive and your particular selling situation may call for other activities but this should give you a good start:
1) Prospecting time - Schedule in the appropriate amount of prospecting time each day. Any day that you don't prospect is a day you can't close a deal somewhere down the line. By prospecting daily (whether a little or a lot is right for you) you consistently give yourself the chance to regularly close business and avoid a good week followed by a bad week, a good month followed by a bad month, etc.
Make sure you know the right amount of activity for you to do each day to hit your goals. A recent newsletter of mine gave the formula for figuring out the right amount of activity for you. If you don't have it, email me at jeff@jgsalespro.com and I'll send it to you.
I recommend you prospect first thing in the morning each day. It's not because that's necessarily the best time to reach prospects, it's because if you get it done first you've done the most important thing you can do for the day and have made sure it gets accomplished. Consistent prospecting is the best way I know to keep your sales and paycheck up.
2) Appointments - The next most important thing on your calendar is your appointments. Use smart territory management when setting appointments and try to schedule appointments close together geographically in any given day to maximize your selling time. When you set an appointment on a day, work hard to set more appointments nearby for that day. Travel time can be productive but why spend more time than needed driving around when you can be meeting with more prospects? Be sure to include enough time between appointments so that you're never late.
3) Meetings - Sometimes you'll need to attend meetings with your manager or others. Some of these are regular and can be considered when setting appointments. (e.g. - Weekly sales meeting) Some are more random. Plan around regular meetings and if a non-recurring meeting gets in the way of your selling speak with your manager and discuss whether you really need to attend. If so, and you've already set an appointment for that time; ask if it can be switched. More prospective client meetings = more sales. More meetings in the office seldom means more sales. Help to make sure the meetings you do have to attend are fast-moving and productive.
4) Personal Time - Be sure to set aside some time for necessities like lunch and breaks. You need to eat and you need to take occasional breaks. The human body and brain need a short break (5 - 15 minutes at the most) every 90 - 120 minutes in order to function at peak levels. Build the time for a quick break into your calendar so that the time you do invest working is invested working at peak performance.
Occasionally we all have personal matters to take care of during business hours. Keep these to a minimum. Prime Selling Time (the hours during the week that we can be in front of prospects and customers) should be treated as sacred time.
5) Account Maintenance - Set aside time for contacting current and previous customers to touch base and let them know you care. Studies show that the #1 reason customers become ex-customers is they don't believe their sales rep cares about them after the sale is made. There's gold in your database. I'm willing to bet there are previous customers of yours ready to do business with you right now and all you need to do is make contact. Stay in touch.
6) Social Media - While this really falls under prospecting, I'm keeping it separate from more "immediate" forms of prospecting. Cold calling or door knocking can get you appointments immediately, social media takes time. Invest a small amount of time each day using tools like LinkedIn (my favorite!) and Twitter. (15 - 20 minutes should be more than enough)
7) Get Help - Have a specific time each day to check in with your manager so that you can let her know what help you need, what's holding you back and what you're working on so that you can get another opinion on how to move sales forward quickly. If your manager can't speak with you once a day this should be done once a week minimum.
8) Planning - Each day, the last thing you should do is make sure the next day is already planned so that you can start the day by hitting the ground running. Showing up at your desk at 8:59, booting up your computer and eating your breakfast while perusing your favorite websites is not productive. Start early and have your prospecting list ready so that you can make whatever calls you need to make and hit the road by 9:00. Better yet, do your prospecting from home at 7:00 a.m. (most of the time you're leaving a voice mail anyway so it doesn't matter when you call) (Be sure to leave a voice mail that gets people to call you back) Set your first client facing meeting for 8:00 (bring them coffee and donuts!) to get a jump on your day.
Your particular type of selling might mean you need to do different activities than those listed above. Whatever you need to do each day, get organized so that you have the best chance to achieve the most with the hours you have available. Be flexible enough to make changes on the fly, when needed, while being focused enough to accomplish each day's goals. Starting out with a full calendar, as well as a list of the 6 most important things you need to accomplish that day, is a recipe for greater sales success.
CONVERSATIONAL SELLING
If the key to selling is asking the right questions, and plenty of them, then the key to being a better question-asker is to make it more conversational. Nobody likes to be interrogated. It brings to mind movies where detectives have hot, blinding lights shining directly in the face of their prisoner as they pound the detainee with question after question.
The prisoner has a panicked look on their sweat-covered face and a wild look in their eyes. Not a pretty picture and certainly not the way to gather useful information from our prospects.
The fact is, if you ask the right questions, then SHUT UP and listen, your prospects will tell you everything you need to know in order to help them get involved with your product or service. (sell them)
I use, and teach, a very simple method for turning what could easily be seen as an interrogation into a conversation, and it's by using what I call "softeners." A softener is a word or phrase that comes before your question, and softens it. I'm just curious, would you like an example? In the preceding sentence, "I'm just curious," softens the question, "Would you like an example," and makes it more conversational.
"I'm just curious," "By the way," and "Out of curiosity," are all examples of softeners that I use constantly. These aren't the only softeners; they're just the ones I use most often. I'm sure you can come up with more.
In order to be able to focus on the conversation, you'll want to be sure you're prepared to ask questions when you go on a sales call. Once you're sitting across from your prospect it's too late to prepare. You're already "on stage" and need to be completely focused on your interaction.
Before you go on a sales call you should stop and ask yourself, "What information do I need to gather today in order to consider this a successful meeting?" "What questions will I need to ask in order to get that information?"
Amateurs "wing it" but professionals plan in advance.
Keeping it conversational is a great ways to make selling easier and more profitable.
Make It Happen,
Jeff
5 TIPS FOR HITTING YOUR QUOTA BY THE END OF 2011
I don't know about you, but as I get older each year seems to go faster. It feels like we were just celebrating New Year's a few months ago but the fact is we're in the final two months of 2011 and 2012 is sneaking up fast. Unless you're in a highly transactional sale the sad fact is that the year is pretty much over. Anything you close between now and December 31 will be based on sales you've already got in the pipeline and prospects you're just starting to work with will most likely be part of your Q1 quota. Does that mean you should give up and roll over? Nope! Here are some suggestions for how to bring in the sales before the end of the year.
1) Review your pipeline NOW with your manager and ask for help with strategies on how to close everything that can be closed. Let your manager know when you're next meeting is with each prospect and what your plan is for that meeting. Getting a second opinion will often result in you walking away with ideas you hadn't thought of on how to close or, at least, to shorten the sales cycle. I also suggest meeting with another rep from your company to do the same thing. Review each other's pipeline and offer each other suggestions. It's difficult, if not impossible, for us to sell differently than we normally do but someone other than you can offer suggestions that you couldn't or wouldn't think of. Two, or more, heads are often better than one.
2) Take a look through your database of past clients. Contact as many as possible to see how they're doing and if there's anything you can help them with to assist them in closing out their year with a bang. You may have been on their list of people to call to order something but they just haven't found the time. Be proactive...your competition is most likely nipping at your heels looking to take away your customers. Staying in touch can produce unexpected sales or, at least, solidify the relationship so that your customers are more resistant to leaving you.
3) Take a look at everyone else in your database. (Contacts that never became customers) Once again, by being in contact with people you haven't spoken with for a while may produce unexpected results. Perhaps they weren't ready to do business with you before but they are now. Make the purpose of the call to find out "How's business since I last saw you/spoke with you?" Engage in a real discussion that shows you care about them and didn't only call to see if you could develop business. At the end of the conversation toss in a "by the way." "By the way, Susan, is there anything I can do to help you close out 2011 with a bang? Our FV5403B transformers have been helping companies like your improve profits because they never wear out."
4) Ask for referrals. When you speak with old customers, prospects that never became customers and people you meet on the street (ask everyone for referrals!) at the end of the conversation you should always ask, "As you probably know, I build my business through referrals from people like you. Out of curiosity, who do you know that I should be speaking with?" Not everyone will always have a referral for you but some will. If you're fortunate enough to get a referral ask for the additional favor of having the person giving you the referral contact the person they're referring you to so that they expect your call.
5) Ask for referrals. Sounds like I'm saying the same thing twice but here I'm talking about being in touch with your referral partners. Networking groups you belong to, people you have reciprocal referral agreements with etc. Ask how you can help them to close out their year and let them know, in no uncertain terms, that you need and would greatly appreciate any referrals; especially those that they think might have a need for your product or service now.
While it's a fact that many salespeople experience a slowdown between now and the end of the year that doesn't mean you can't still achieve your financial goals. By taking massive action now you'll not only be doing everything you can to hit and exceed this year's quota but you'll also be setting yourself up for a great start to 2012. Keep prospecting even if it's one of "those" days where "no one is going to be in the office and if they are they won't want to talk business." Average performers coast from now to the end of the year and figure they'll "hit it hard" right after New Year's.
Superstars never give up, even when its bottom of the 9th with two outs and your team is losing.
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