How Sales Teams Succeed

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Information about How Sales Teams Succeed
Business & Mgmt

Published on November 25, 2008

Author: salestrainingdrivers



Everyone believes the sales team is the key to driving revenue--do you know what it takes to help your sales team succeed?

How Sales Teams Succeed Brian Lambert b ASTD

Agenda • Today s Business Challenge Today’s Business Challenge • Evolution of Selling • Role of Workplace Learning & Performance l f k l i & f • Helping Your Sales Team Succeed

The Economist, January 2008

“Nothing happens in BUSINESS until somebody til b d sells something” g … so go sell something … or help  someone sell something ll h

Today’s Business Challenges Today s • Economic Issues Economic Issues – Increase the need for • Effectiveness • Efficiency – Everyone needs/wants better information Everyone needs/wants better information • According to IBM, by 2010 the amount of digital  information on earth will double every 11 hours • Current amount of digital information equals 45 GB of  data for every person on earth

People agenda - CEOs’ priority list Percentage who strongly agree: • The people agenda is one of my top priorities:  58% • My leadership team has the capability and  confidence to lead significant change: 29% confidence to lead significant change: 29% • My time is best spent on the people agenda:  22% Source: PricewaterhouseCoopers 11th Annual Global CEO Survey, 2008

CEO’s Top Innovation Challenges Challenges to improving the company s innovation performance company’s “of greatest  Rank Description concern concern” 1 Acquiring/developing the right talent 31.0% 2 Improving customer relationships 28.4% 3 Visible commitment from top leaders 24.3% 4 Brand recognition 23.3% 5 Establishing/promoting an innovation culture Establishing/promoting an innovation culture 22.0% 6 Increasing market share through new products/services 20.0% 7 Knowledge transfer among employees 16.9% 8 I i i i l Improvement in original products/processes d / 15.5% 15 5% 9 Completely new products/services 14.2% 10 Strategic mergers and acquisitions 13.9% Source: Conference Board’s CEO Challenge 2007: Top 10 Challenges N=769

How Has the Sales Organization Evolved?

Evolution of the Sales Process Yesterday  Today (li ) (linear) ( l ) (non‐linear) Prospecting  Customer Retention Pre‐approach Pre approach Database/Knowledge mgt Database/Knowledge mgt Approach Relationship Selling Presentation Marketing  Overcoming Objections Problem Solving Closing Adding Value Following‐up Relationship Maintenance Adapted from: W.C. Moncrief, G.W. Marshall / Industrial Marketing Management 34 (2005) 13–22

Changing Expectations... g g p 1. Take more responsibility • Make the right decisions for our business 2 U d t d and relate to our business 2. Understand d l t t b i • Understand our industry and our team 3. Be more professional • Take responsibility and show accountability 10

Changing Expectations... 4. Listen More • Articulate the value 5. Be Productive • Set appropriate expectations • Gather and share real insight with us

Evolution of Sales Focus Th Ti The Time Period P i d E Era of… f With a Focus On… With F O Late 1800’s ‐1920 Sales Science The transaction itself 1920 – 1945 Sales Process Facilitating transactions 1945 – 1985 Sales Relationship The transaction decision 1985 – 2005 Sales Technology All transaction steps 2005 – ?? Sales Competency The buying experience Source: Is Your Sales Training Stuck in the 1890’s, T+D , April 2008

How Have Sales Team Members Coped?

5 Biggest Mistakes Salespeople Make k • Not following sound selling processes • Not honing and building essential skills g g • Not maintaining proper focus • Not building and displaying confidence Not building and displaying confidence • Not growing into a good leader  Source: AMI survey, 5 Biggest Challenges facing Sales VPs in 2600 organizations, 2005

Trends in WLP Leadership Development Business Talent Skills Management Better  Senior Organizational Leadership Investments Execution Engagement Sell something? thi ? 15

The Sales Rep-to-Manager Disconnect i Sales Manager  Sales Manager  Salesperson Says: Salesperson Says: Says: Thinks: “Do you think the customer  “Why did you leave without  ? Wh t will buy from us? What are  ill b f “I d ’t k ” “I don’t know.” at least scheduling a  at least scheduling a the next steps?” follow‐up call?” “It may be the last sale you  “You pushed the buyer You pushed the buyer  get with this customer.   get with this customer “I closed the deal, didn’t I?” pretty hard.” What happened to building  relationships?” “The profits from these  “I was in the area and they  accounts  “I noticed that 20% of your  don’t even pay for  like to see me, so I call on  calls were on C accounts.” them when I can.” the calls.  You need  to target better. to target better”

The Sales Trainer-to-Sales Manager Disconnect Di t Sales Manager  Sales Manager  Sales Trainer Says: Sales Trainer Says: Says: Thinks: “Do you have anything that  “How would you define and  will help our sales reps with  ill h l l ith measure ‘activity’ in this  ‘ ti it ’ i thi “Uh‐oh” “Uh h” activity management case?” “I need to get some training  “We’ll have to start with a We ll have to start with a  “Maybe I will just out‐ Maybe I will just out for our reps that helps them  proper needs analysis” source this” build relationships.” “Most of our budget is tied  “We need to focus on We need to focus on  up in leadership  up in leadership “I will run the training  account planning and  development training, but I  myself” territory management” will see what I can do…how  soon do you need it?”

The Sales Profession Competency Model The definition of world‐class  The definition of world‐ selling ll

Sales Competency Model Advisory Panel Representation 19

Administrator Analyst Consultant Developer Manager Strategist Sales Roles Creating and Closing Opportunities  Protecting Accounts  Defining and Positioning Solutions Supporting Indirect Selling Setting Sales Strategy Setting Sales Strategy Managing within the Sales Ecosystem Developing Sales Force Capability Delivering Sales Training Coaching for Sales Results Building Sales Infrastructure Designing Compensation D i i C i Maintaining Accounts Recruiting Sales Talent Sales Areas of Expertise Partnering Insight Solution Effectiveness • Spanning Boundaries • Analyzing  Organizational Capacity • Facilitating Change • Building Business Skills • Communicating Effectively • Understanding Business Context • Formalizing Agreements • Solving Problems • Aligning to Customers • Evaluating Customer Experiences • Resolving Issues • Embracing Diversity • Setting Expectations • Gathering Intelligence • Managing Projects • Making Ethical Decisions • Negotiating Positions • Prioritizing Stakeholder Needs • Leveraging Success • Managing Knowledge • B ildi R l i hi Building Relationships • Identifying Options Identifying Options • Articulating Value Articulating Value • Using Technology Using Technology • Building a Business Case • Accelerating Learning •Executing Plans • Maximizing Personal Time • Aligning to the Sales Process Foundation Competencies

Thank You! Brian Lambert Brian Lambert Director, ASTD Sales Training and Sales Training Driver g O: 703‐683‐8100 F: 703 894 2784 F: 703‐894‐2784 E:

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