Sales Success Requires the Right Mindset, Tool Set and Skill Set

Every spring, I get calls from friends with children who are graduating from college. It’s an exciting time for the parents and the graduates. During these calls, after we complete the small talk of catching up, the parent will usually tell me that their son or daughter is “good at working with people” and therefore would be a good fit for a career in sales. While being good with people may be one characteristic that can help in sales, a solid sales career requires much more than being an interested extrovert.

There are three key pieces required to success in sales. These concepts were important when I started my career cold calling for Pitney Bowes in 1987, but the collective notion was solidified by my colleague, mentor and friend Gerhard Gschwandtner at a conference he conducted in 2015 in San Francisco. The three are skills set, tool set and mindset.

A leader in the sales industry and the CEO of Selling Power, Gschwandtner says, “It’s all about creating the right mindset, building the right skills set and selecting the right tool set.”

Two of these are easily attained. For the skills set, a fledgling salesperson can get training to learn the skills needed. Sales skills might include negotiating, communication, active listening or closing skills. For the tool set, sales tools can be bought or acquired. Sales tools can include a Customer Relationship Management (CRM) system, marketing automation, or video conferencing.

But the mindset cannot be learned or purchased. And the mindset has to come first. As the saying goes, your attitude determines your altitude.

You need the right mindset to achieve peak performance. In an article published on LinkedIn, Gschwandtner says happy salespeople sell 38% more, and that people with a positive mindset live on average 7.5 years longer. The right mindset can boost your confidence, change your negative thinking into positive thoughts, increase your energy level, and reduce your stress. With the right mindset, you have a much better chance of achieving your sales goals and you can make better use of your learned skills and purchased tools.

If you want to succeed in sales, get the right mindset. You can learn the skills. You can get the tools. But without the right mindset, neither the skills nor the tools will do you much good.

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Negotiating Know-Hows

Negotiating Know-Hows

Negotiations are part of the sales process, but we all know they aren’t necessarily straightforward. There is a buyer on the other end with his or her own motivations and needs. And sometimes that buyer has done some homework and is ready to make your job harder. But you can go into a negotiation with an upper hand simply by preparing ahead of time using these tips to turn the tide.  

 

  1. Do your research. Know as much information about the company as well as the individuals involved. Information is power. Know what’s at stake for all parties. In fact, you’re not prepared to negotiate until you thoroughly understand the other side and why they’re “in it.” Do your research ahead of time to learn: 
  • The company’s goals, pressures, options during negotiations 
  • The negotiators’ personal goals, pressures, options 
  • Their bottom line 
  • What will happen if they decide to walk away from the negotiations? 
  • What are they willing to concede? 

 

  1. Know your position. In addition to understandingthe buyer, understand where you’re coming from. Why are you involved in the negotiation and what do you expect to achieve? Be absolutely certain what your stance would be in the following scenarios:
  • Best-case scenario. What does your ideal outcome look like? Is it acceptable to the other parties involved? This may be a pipedream, but you could also get lucky. 
  • Worst–case scenario. What is the worst possible circumstance in which you will still sign the deal and do business? In other words, what is your bottom line? 
  • Anticipated/expected scenario. What is the most probable result? What conditions/concessions might be involved to achieve this result? 
  • Break point. At what point will you get up and leave the negotiations? This point is important because it distinguishes what is a good deal vs. a bad deal for your organization. It is an absolute limit on what you’re willing to accept as a reasonable deal. 
  • Backup plan. What’s your alternative to signing a deal? What will you do if you can’t reach an agreement? Having a backup plan is a powerful mechanism that will alleviate the pressure to make a deal. 

 

  1. Set the tone of the negotiation by speaking first. You can set the tone for the meeting even before it happens by using a meeting agreement to establish the structure for the meeting. The meeting agreement should include the time, the agenda and the outcome that you want to manage the meeting to. Then when the meeting starts,make sure tospeak first. A good question to start with is “when we’re done with our meeting today, what would be a great result for you?”  

 

  1. Ask more questions. By asking the more questions than the buyer, you’ll determine the content and direction of the negotiation.Try to get the prospect to complete ashopping list of his or her personal and organizational needs and wants. Remember that information is power. 

 

  1. Don’t argue. Even when you believe you are right, it’s not appropriate to argue with the other players. An argument will hurt any rapport you might have developed and sow the seeds for failure. Negotiating successfully depends on a collaborative effort to share information, not on trying to prove who is right or wrong. 

Just as you’re entering the negotiations with a set goal, so is the buyer. The more you can know about that buyer and your own motivations, the stronger your position. And you can maintain that upper hand by setting the tone and asking the questions. 

 

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What do Snorkeling on the Great Barrier Reef and Role Playing to Improve Sales Skills Have in Common?

Lack of Preparation, aka “Winging It”

A few years ago my family and I experienced an amazing day snorkeling on the Great Barrier Reef (GBR) in Australia. It ended as a day we will never forget, but it did not start out that way. We took a day trip out to The Reef from Cairns.  Anxious to get away from the other people on the catamaran, we hurried off to find our own “secret spot”.

There was no real preparation on our part.  We didn’t ask any of the crew where we should go.  We decided to literally  “dive into it”…. but what a mistake!  We snorkeled for a while on what was largely a sandy, barren bottom beach.  About an hour into it, a wild rain storm forced us out of the water, and scrambling for cover.  This was not what we had hoped for, but that’s what happened without proper planning.

When developing your own selling skills, or coaching the skills of those who work for you, do you have a plan going in to make sure you’re working on the right skills?  Is your coaching regiment one that allows the seller to self-discover where they need to improve, and understand HOW to do so?  Jumping right in without a plan may leave both your seller and you with a washed out feeling that not much was accomplished in your coaching session.

 

A Good Plan and the Right Coach Makes All the Difference

Walking back to the boat on the pontoon pier where we started from, my 12 year old son, at the time, said dejectedly, “so much for snorkeling on the GBR”. I didn’t want to say it, but I was disappointed too, and said to Shane “We will get some ideas from the crew on where to go, and hopefully the weather will clear”.

We did. And it did.

During the busy lunch rush on the ship, I sought out  the Captain who was greeting the guests. I told him the challenges we faced on our morning snorkeling experience.  As all good coaches would do, he asked some diagnostic questions before suggesting a recommendation for our next dive.   He asked about our experience with snorkeling and what type of things we were looking to see.  Captain Peter said something that later made all the difference; he said “look for the small things and then the larger ones will appear”.

How do you or your sales manager pinpoint the skills needed to further develop your effectiveness? And once challenges are identified, is there a plan in place to advance those skills?  Having a specific plan, practiced on a regular basis, is the key to any skill development. Try to keep the development focused on one skill at a time, building on the “small things” that will then allow “the big things to appear”.

Here is a quick checklist to use when coaching selling skills:

  1. Identify what skill(s) you want to improve.
  2. Get the help of a Coach (Peter the Captain), and put a plan in place.
  3. Focus on the smaller items, THEN the big ones will appear.
  4. Breathe slowly, pause as needed and generally slow down.
  5. Document your success for others on the team to learn from.

It’s amazing what one can learn on the Great Barrier Reef in Australia!  Preparation is key to success!

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How To Be A Great Sales Coach

Great sales managers are great sales coaches. It’s critical. Without coaching, sales processes are not applied, sales trainings short-lived, and sales rep performance falls short.

So, what makes a great sales coach? There are many things – we’ll share a few:

 

1. Respect. In order to really hear and receive your coaching, reps must respect you as a leader. Without that foundation, your coaching will fall on deaf ears. What are you doing to ensure you have a solid relationship with your team members.

2. Focus. We could have said “tailored” or “personalized”, but these words often get overused. So, we’ll use “focus” instead. What does it mean? Simply that great coaches narrow their feedback to development areas specific to each individual. Where do they most need to grow? What techniques can they use to drive the sale forward? (hint: great coaches spend more time coaching at the beginning of the sale cycle than at the end).

3. Question. Great sales coaches understand the power of self-discovery. People are most convinced by ideas they themselves create. As a coach, often the best way to teach your reps a certain skill is to ask targeted but open-ended questions to get them to arrive at the answer on their own terms.

4. Push. Sales reps are often asked to do things that are outside their comfort zone – like go out and get new business or ask tough questions to fully qualify an opportunity. As a sales coach, do you encourage them to stretch themselves in order to improve? Do you provide a safe environment to nurture that growth?

5. Believe. Last but not least, you must believe in the potential of your sales reps to meet and/or beat their sales goals. Without this genuine belief, your reps will lack the confidence they’ll need to practice and try and build and grow.

 

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How to Make Cold Calls Click

If you’re in sales, you need to read “Redefining the Elevator Pitch” before you pick up the phone to make yet another cold call. You’ll quickly realize that there is a better way to approach those people who haven’t yet expressed an interest in your service or product. And then your next step? Refine your approach using the advice below.  

Your first step: Review your current approach 

First, think about how you currently approach your cold calls. Consider the following: 

  • What do you currently say to prospects? 
  • How effective has your approach been in getting them interested in talking to you further? 
  • Do you try to keep a prospect talking using typical telemarketer “tricks” only to find yourself wasting your time in the end? 
  • Do you quickly get off the phone or out of the conversation if the prospect doesn’t seem interested vs. trying to spend more time getting them to buy? 

Be honest in your feedback to yourself, even if it makes you uncomfortable. Your goal is to improve, and that makes the discomfort worthwhile.  

Your second step: Refine your approach 

After you’ve objectively considered your existing approach, look for way to improve. Here’s an exercise for you to try: 

  • Before you even pick up the phone, do some prep work. Identify one or two business capabilities that your product or solution has helped customers solve in the top three industries where your products and solutions sell.  
  • For each one, write an interest generating statement, using this formula: 
  • “Typically our customers find that X problem is causing them Y pain. We’ve been able to help them solve this problem by providing Z solution capabilities. This has resulted in (list benefits, ROI, measurable outcomes, etc.) for our other customers.”   
  • End the interest generating statement with the following question: “Are any of these issues for you?” 
  • Once you’re on the phone with a prospect, use the appropriate interest-generating statement. Then ask for permission to speak with them further about how your products or solutions can help them.  
  • End the call with a clear action or next step that is designed to lead to additional discussion. For example, request a follow-up meeting or phone call and schedule it on the spot.  
  • Follow up the call with an email confirming the conversation and the action item/next step, plus any information you promised them. Send the email within 24 hours of the phone call. 

After a few weeks of trying this refined approach to your cold calling, do another review and consider how it is working for you. Do you see increased interest by prospects to learn more? Are you more quickly getting off calls and on to other business if the prospect isn’t interested? Are you seeing more prospects in the sales funnel? The answers to all these questions should be yes. If not, refine your approach yet again using this advice.  

Because the definition of insanity is doing the same thing over again and expecting a different result. And you don’t have time for that.  

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Establishing Value Around Your Product or Service

John recently addressed the Association of Language Companies (ALC) at their annual conference held in San Diego. The ALC is a professional organization of commercial translation and interpretation companies who operate in a global capacity.

The following video is a five minute outtake of the dialogue conducted. Listen in for the framework on how to help your customers and prospects understand the value that you provide. If you would like the tools that are mentioned, simply e mail to john@drive-revenue and they will be forwarded to you.

 

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Reinforcing Sales Skills: Try Our Online Learning Portal (OLP) for FREE

The Flannery Sales Systems’ OLP is another tool we created to:

  1. Enable our customers to understand buyer behavior
  2. Reinforce the core concepts and selling skills of Sales Process for all individuals in customer facing roles.
  3. Provide practice and repetition of skills in a self-paced, ongoing basis.
  4. Help Managers to understand where their sellers are competent, where they need coaching, and how to improve results.

The web based portal (view screen shot here) includes:`

  • Six reinforcement videos by sales stage and skill; each are 5 to 7 minutes long (click here to view a sample)
  • e-Toolkits that support each stage
  • A reinforcement quiz for each stage
  • The Manager’s Coaching Room
  • Support with live phone coaching sessions

In a previous article (How To Make Learning Stick), one of the key tenets of Adult Learning Theory emphasized a need for a learner (salesperson) to use repetition as a way to embed additional skills into their everyday routine.

Coaching is a major component to reinforce the use of enhanced skills, but until the new skills are entrenched, coaching will be difficult. The portal is designed to provide the repetition, and then offers the visibility for a specific skill that needs improvement (i.e. qualification, establishing value, negotiation, etc.).

Once the salespeople go through all six modules, Managers will be able to see the results of the scores on the quizzes completed. This provides the Managers with the objectivity needed to pinpoint coaching efforts.

Sales skills is often one of the last things to be addressed in the overscheduled world of most Sales Managers. The OLP provides Managers with an objective way to assess skills, as well as a platform to create skill related topics for sales team meetings.

Marketing, Customer Service and Inside Sales personnel can also benefit from the use of this valuable tool, as the OLP provides a window into the buyer’s world, the sales process that is being used in the field, and how other customer facing roles can use it in their respective roles.

For your FREE 30 DAY TRIAL, please contact John Flannery at john@drive-revenue.com or call 858-518-7039.

 

 

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Back to The Sales Basics: Do Simple Better

 

Do Simple BetterThe quote on a t shirt worn by Joe Maddon, the Manager of the Chicago Cubs (an American baseball team) inspired me. It said “Do Simple Better”. Professional athletes focusing on how to do the simple things, better.

Hmmm, Do Simple Better. What does that mean to your team? In Sales, this is what the focus should be on, and as fundamental as it sounds, doesn’t always happen in the heat of identifying, developing and closing a healthy Sales Pipeline filled with qualified Opportunities.

  1. Understand the Prospect/Customer’s Primary Business Objectives (PBOs): what is the Decision Maker hoping to accomplish if they purchase your product or service?
  1. Identify the Challenges: what is happening in their business today that inhibits them from reaching the PBO? And what is the impact, financial and otherwise, if they don’t make a change?
  1. Align Your Capabilities: how do your capabilities help the Decision Maker to address the Challenges? Be specific in matching the capability, and make sure the prospect identifies the VALUE they could obtain through the use of your capabilities. If they can’t, you should be able to help paint the picture on value.
  1. Agree on a Clear Next Step: what is the next step that the prospect and you are taking to move forward?  My colleague John Golden calls this an advance, as opposed to a continuation. Are we advancing this opportunity to the next step, or in a stall with one of the above mentioned items incomplete?

Items # 1 through 4 are the SIMPLE, or The Basics for sellers in early Opportunity development. They should all be discussed, documented and agreed to with the Decision Maker BEFORE sellers create a quote, write a proposal, ask for technical support or Marketing resources, build a presentation or respond to a tender/RFP.

 

Sales Leaders, it’s time to Coach your sellers to get the Simple right. Right now.

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Wrap Up of Sales Kickoff (SKO) Meetings Season: It’s Time to Execute!

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We just concluded the fourth of four SKO meetings with our customers over a five-week period, and we ready for a nap. The cities included Sedona, AZ, Tampa, FL, Cleveland (Aurora), OH and Kingsport, TN. How much knowledge, excitement, reflection, presentations, awards, conversation, redundancy, partying and planning can be packed into a 3- or 4-day session? Well, it turns out that A LOT is the answer. 

There was your regular run of the mill events at each of the four, but also tremendous highlights as it pertains to new team members, capital infusions, product launches and laser like focus on customers and emerging markets.  Our part was to contribute to the continual learning for the Sales teams, and other individuals in customer facing roles. While all companies embraced their own “theme” for the meeting, we intertwined and reinforced the fundamentals on the tactical execution of sales success as it relates to our customers’ commercial strategy.  

Many of our competitors are working on the next, new shiny object in selling; not us. In the sales training business, some are looking to offer the silver bullet, or latest trend on what can appear to be a fashion industry-like approach. The leaders of the companies we work for are focused on executing the basics well, then taking it to the next level. But we have to get the fundamentals right, and we help them to do that in all skill set capacities.  

To the teams we recently trained: now that you’ve let all that information you received at your SKO settle in, and got back into your regular routine, pick up your Sales Tool Kit, review the on-line modules of your sales process and get ready to have better conversations with customers and prospects. And Managers, it is your job to make sure your sellers are improving their selling skills, one opportunity at a time. Let’s get going! 

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