September 12, 2007
In This Issue:

Articles:

This Week For Management

Decision Dynamics: How the Best Sales Managers Think - Have you ever made a decision that felt right at the time, but then the results didn’t turn out the way you thought they would? Sure you have . . .

To unlock your full potential as a sales manager - you must first unlearn your past. Learn:

  • The eight sales rep instincts you must unlearn to become an elite, high performance sales manager.
  • The single most common mistake sales managers make – and how to fix it.
  • How to “triage” your sales team to determine who needs your coaching time the most.
  • How to use positive confrontation to speed up the success or failure of your direct reports.
  • And much more…..

Can't make the seminar? Pre-order the cd for a discounted price. Click here for details.

"Manager's Minute" Tip

(Article Archive)

How The Most Successful Companies Develop Their Sales Teams
by Jonathan Farrington

Not enough companies have learned how to employ sales training as a strategic tool. Those that have are leaders in their industries, offering their shareholders maximum return on investment, are able to quickly adapt to changing market conditions, are respected by their customers, and provide consistent sales performance. The sales people that work for those companies are motivated, stay in their jobs longer and are proud to help in recruiting their friends who have been successful selling for other companies. That improves the “blood line” and saves on recruiting fees.

Quite often sales managers and executives don’t have the time and experience to do this correctly. Companies with internal training departments often provide guidance, but sales training is quite different from designing and delivering training to other constituencies within an organisation, such as customer care, engineering, or human resources.

The first step for any company deciding to make a change in their sales approach is always an assessment of the situation. What processes and methods are currently being employed by the company? What has their sales performance been? What percentage of sales people are delivering against plan? What are the biggest obstacles to success? How dynamic or stable is the company’s environment? What are the practices and expectations of the buyers? These are only a few considerations.

Designing or adopting a sales methodology is critical. Without that methodology in place, training is a tactical attempt to fix a larger problem. The selling methodology must be developed based upon the company’s unique situation—their market, their customers, how those customers buy, the complexity and price levels of the products and services the company offers, competitive pressures, reporting requirements, the participation of partners, the skill level of their current sales people, etc.

The primary objective of creating an individually tailored Organisational Development Programme has to be: To achieve consistently superior results through the performance of every key individual, after all, our people are our most important and indeed expensive resource, it therefore makes sense for us to want to see a full and proper return on that investment.

Specifically, we are seeking to achieve optimum performance levels via a process and an all encompassing framework for defining performance standards. This involves assessing, appraising, developing, implementing, reviewing and providing continual feedback on performance.

Emphasis is placed on creating an environment in which the ‘can do – will do’ mentality thrives and becomes the norm – success and achievement are expected and as a consequence are much more likely to happen.

The total approach enables forward thinking organisations who are committed to looking ‘outside the square’ and who are not afraid to mentally cross bridges that that their competitors have not even identified, to enter the land of “me – first” rather than the land of “me – too”. It also offers the opportunity to develop excellence in the performance of the company’s teams and build the capabilities necessary to consistently over–achieve short, medium and long term objectives.

In my view, we should never lose sight of the following premise.

Premise 1:
Whatever got you where you are to-day will not be sufficient to keep you there.
Premise 2:
You can only succeed in business to-day if you understand what you are doing, how you are doing it and why you are doing it.
Premise 3:
It is difficult to control external events if you do not have control internally.
Premise 4:
Being competitive is an ongoing process not a single event.

I believe it is essential to bring together a number of key factors when aiming for optimum performance levels and the simplified formula would be:

  Attitude + Skills + Process (A.S.P.) = Success.  

Attitude is fundamental to any achievement because individuals with the right Attitude are far more likely to embrace the essential skills and at the same time recognise the control that Process brings.

Skills are the ‘tools of the trade’ and have to be developed on an ongoing basis. They also need to be specific, because too much time can be wasted over-burdening employees with inappropriate and irrelevant skills without any identifiable plan for their future requirements.

The implementation of any skills development programme has to be well thought out and logical in it’s approach if a proper return on that often considerable investment is to be achieved.

Process brings organisation, efficiency and control, both for the individual and for management. Effective process provides objective analysis and indicators which can be benchmarked and accurately measured.

Many of the largest corporations around the world have created a V.P. Process role to oversee the implementation of process systems including Information Management and Customer Relationship Management.

There is of course a need to build in Knowledge and that can include knowledge of products, industry, market sectors, competitors, business, etc but generally this education is provided extremely competently internally and is outside our usual remit.

However, recognition of the A.S.P formula is only the beginning and in truth, most organisations merely pay lip service to it, preferring to regard any form of ongoing training as a cost rather than an investment, whether that be short, medium or long term. And yet there is substantial evidence to indicate a direct correlation between continuing education and consistently high achievement, increased job satisfaction, enhanced levels of motivation and loyalty.

Our commercial functions, including the sales team, represent our forward line, if they are not scoring regularly we cannot possibly achieve our overall commercial objectives – i.e. nothing happens until somebody sells something and all of that investment in costly accounting systems, new office equipment, expensive I.T systems etc. will count for nothing.

Sir John Harvey-Jones said recently “Most companies fail not in their attempts to be innovative or creative. In this country most of them fail because they undervalue the importance of professional selling”

A rapidly changing environment is the regular background against which organisations must develop. Change is continuous and will become more rapid as we move forward over time. Senior management must be capable of reacting to those changes and be prepared to take advantage of them and yet stay within the overall framework and agreed strategy.

The role of strategy is fundamental if the people within the organisation are to be enabled to make the level of contribution of which they are capable. Strategy, based on a good grasp of the core competencies of a business, is an essential precursor to achieving optimal shareholder value.

In Summary:
Dependence on people is key to delivering the latent capability of a business. Our people are the greatest source of competitive advantage we have and that is precisely why we should continue to invest in them and fully develop them. This is particularly true now that in most market sectors competitive advantage is continually being eroded – i.e. International barriers are coming down, selling time is becoming limited, competitors are getting smarter, fewer and fewer names are appearing on companies’ databases, and product uniqueness is rare. Conversely, undeveloped personnel can bring down a company through inadequate performance, leaving the competition to harvest the marketplace.

About The Author:

Jonathan Farrington is a business coach, mentor, author and consultant, who has helped hundreds of companies and thousands of individuals around the world, achieve their full potential and consequently, optimum performance levels, in his capacity as Managing Partner of The jfa Group.

Prior to establishing his own consultancy, Jonathan earned his spurs in some of the most demanding and competitive market sectors i.e. I.T., Telecommunications and Finance. Outstanding achievement at an early stage in his career provided a ‘fast-track’ passage to several general management and director level appointments.

Challenging assignments took him from the Middle East and Africa to Europe and the USA, providing him with the opportunity to work with a number of the largest and most successful international corporations including: - IBM, Wang, Legal and General, Andersen Consulting, Litton Industries and The Bank of Tokyo.

In 1995, Jonathan formed jfa with the primary objective to deliver unique leadership and sales team development programmes to both the corporate and SME sectors.

Since then, he has authored in excess of three hundred skills development programmes, designed a range of unique and innovative process tools and written extensively on organizational and sales team development.

Contact Information:

Website: http://www.jonathanfarrington.com/index.htm
Email: jf@jonathanfarrington.com

(Article Archive)

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Next Week - Mindshare Marketing and Selling: How to Build, Nurture and Grow Customer and Prospect Relationships - Are you struggling to get existing clients to buy more? Are you frustrated with the length of time it takes to convert a prospect to a sale? If so, you’re not alone. Learn:

  • How to differentiate in a highly competitive market
  • The 68% Factor: why MOST of your customers leave
  • Why over 85% of leads fail to turn into sales
  • The 4 Steps to building “mindshare”
  • The 2 Resource Libraries you MUST have to give yourself a competitive edge
  • How to effectively use e-mail, fax and direct mail to create REAL value
  • The 4 things to do AFTER you lose a sale … and win it back
  • How to create and implement the perfect follow up call
  • And much, much more . . .

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