Consider
what may be a familiar scenario: The sales rep you've hired brings
impressive credentials and a history of success. But somehow he's
not achieving goals. It's unclear how he's spending his time,
and closing a sale takes too long. Of course, new reps need a
learning curve before they can be expected to produce, but it
seems he has had ample time. You've motivated, coaxed and threatened,
with no noticeable results. You're frustrated because you don't
know how to improve his performance. So the next logical step
is termination, right?
Not so fast. While
Donald Trump blithely bellows, "You're fired!" to underperformers
week after week, termination is an option that makes for better
TV than for improved sales performance. In my more than 20 years
of sales, coaching and client development, I recognize that termination
may provide temporary relief, but unless critical sales issues
are identified, addressed and resolved, the cycle of underperformance
always returns.
Even the most capable
top-level leaders are baffled by low sales performance. When a
prospect chooses not to buy, there's often no clear-cut explanation.
So the quick fixes - more sales training or termination - appear
to be the only courses of action. But in reality, strong sales
performance is a result of strategic integration of purpose, process,
performance and people.
The Purpose
The
first step to attaining - and sustaining - maximum sales performance
is to survey the landscape, examining all layers of your sales
structure. Going beyond the symptoms to find the real sales problem
requires a careful and close study. Align your sales goal with
your business strategy to ensure that sales are increasing your
profit margins. Design a sales approach that works for your company,
your product, your sales force and your prospects. The result:
Assurance that salespeople sell the most profitable items.
Process
Once the purpose is clearly defined, the process of designing
the approach is the next phase. Develop client profiles to ensure
that sellers are targeting the correct prospects and analyze how
they are being approached. Scrutinize your method of closing.
Examine the win/loss ratio to determine frequency of - and reasons
for - success. Implement a fulfillment process so that when an
order hits the door it is handled efficiently. The result: Shortened
sales cycles, increased close ratios and a more proactive approach
to managing accounts.
Performance
When
the purpose and process are clearly in place, a structure must
be created to gauge, monitor and manage for successful performance.
Accurate accountability tools must be developed to measure and
track performance. Sales management must be equipped to coach
and monitor their sellers. And the leadership must truly manage
for success, measuring the behavior and results of their sales
team - and preparing the sellers to self-evaluate. The result:
Increased ownership and accountability of the salespeople.
People
Notice that the final phase of dealing with sales challenges concentrates
on your sales force. I suspect that when you look at lagging sales,
people are the first source of your scrutiny. But remember, a
seller can sustain success only when all of the other factors
are in good working order. However, let's not underplay the value
of the right sales personnel who are a key to your company's success
and must be recruited, interviewed and ramped up skillfully. The
wrong hires are a costly, time-consuming mistake. Sales candidates
must be screened and evaluated, strategically interviewed and
hired for their ability to produce. The result: Faster results
from new sales hires.
Sales is the lifeblood
of your company - the factor with the most impact on your success
or failure. It deserves more than a quick fix. Take the time to
get all cylinders working together and let your salespeople drive
home improved sales performance.
Pam
Beigh is the founder and president of SALESCORE, a company that
works with small to midsized businesses to ensure profitable sales.
Using the Sales Performance Pyramid, Pam brings effective
solutions to common sales challenges. www.salescore.net.