The Top Sales Lead Management Solutions
Transcription
The Top Sales Lead Management Solutions
It Pays to Play p. 28 ® SOLUTIONS FOR SALES MANAGEMENT collaboration management Get it together for better sales p. 44 How to Sell the New Purchasing Manager p. 50 Sales Contest Now Open p. 64 The Top Sales Lead Management Solutions 'REATåTHINGSåHAPPENåWHENåå YOUåMEETåATåAå&AIRMONT &ORåMOREåTHANåAåCENTURYå&AIRMONTå(OTELSåå2ESORTSåHASåBROUGHTå PEOPLEåFACEåTOåFACEåFORåLEGENDARYåMEETINGSåINåUNFORGETTABLEåSETTINGSå 7HETHERåYOUREåLOOKINGåTOåMAKEåHISTORYåORåSIMPLYåTOåOFFERåYOURåå CLIENTSåANåUNRIVALEDåEXPERIENCEåTRUSTå&AIRMONTåTOåDELIVERåSEAMLESSåå SERVICEåSTATEOFTHEARTåMEETINGåSPACESåANDåTOPåVALUEMAKINGåå YOURåWORKåTHATåMUCHåEASIER &ORåMOREåINFORMATIONåå PLEASEåCALLåååååå EMAILåMEET FAIRMONTCOMåå ORåVISITåFAIRMONTCOM ov e r a c e n t u ry o f l e g e n da ry me e t i n g s World War II Conferences of the Allies at Fairmont Le Château Frontenac, Québec, 1943–1944 Drafting the United Nations Charter at The Fairmont San Francisco, 1945 John Lennon and Yoko Ono’s Bed-in for Peace at Fairmont The Queen Elizabeth, Montréal, 1969 G7 International Economic Summit at Fairmont Le Château Montebello, Québec, 1981 Photo: The Fairmont Hotel Vancouver For more information, visit www.sellingpower.com/advertisers. 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Information – it’s what we do: Multichannnel Marketing to find, attract and acquire new customers Interactive Technology to build deeper and more profitable relationships High Quality/Comprehensive Data to pinpoint and close your best prospects Market and Business Research Solutions to identify risks and opportunities Navigate your success @ infogroup.com/sp For more information, visit www.sellingpower.com/advertisers. $%&'(&') (( *(+',-() (( )*+ + Get it together for better sales '*+, - +, $, How to harness the power of the new (and much more important) purchasing manager ( .,/0 1 How to get a seat at the decision-making table 4 !"#"!"# $%&' !"#"/1"/1 The whole process of collecting, contacting, and managing leads must be as automatic as possible in order to save time and money. p. 58 *+)''-+$A'%'@('%> '-+3&:%,-)+7()'(+9 , , Sam Sigholz, Sales Associate, uShip 9; . + < +, " !++0 4 + )(773&?())(&'3+7) Ryan Kubacki of Holden International explains )4 5+ Salesforce.com deploys three umbrella strategies to weather the economic storm ( 6 7 ,4 2,+ A professional comedian provides tips for leveraging the power of humor in selling 2 • Defense Prevention • Linked to Sales • Organize and Reap the Rewards • Close the Sale, Open the Relationship • Your Selling Time Is Money in the Bank • Post-Training Secret • How to Deliver Bad News • Redirect Your Direct-Mail or Email Efforts #0 !+ &, How Whirlpool’s sales force works with channel partners to maintain and build sales $ "8 " How a symphony conductor teaches a leadership and cooperation message using an orchestra as the medium &(B)%7,'3%&)*%- 9+&+?(-) 4 +3 Ramp Up Your Leads: How to make your leadacquisition strategy a performance payout ),3 The High-Tech Coach !+03 Any Way You Likey at Nike • Canon’s One-Stop Shop • Can You Hear Me Now? • On the Go • Image Makers • A Stable Motivation Platform 23 Smooth Sale-ing • The 9 Top Companies to Train Your Sales Team Better 2(>+-'9(&') = 4+ What Makes Sales Relationships Work? ; 140+ !4> ;( 2,,+ + 5 9( 1 7 +: Eight steps to positive listening skills that can improve your sales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erhard Gschwandtner E DIT ORIA L EDITOR-IN-CHIEF: L B Gschwandtner ASSOCIATE EDITOR: Henry T. Canaday COPY EDITOR: Liane DiStefano PROOFREADER: Sally Dunning CONTRIBUTING EDITORS: Heather Baldwin, Henry Canaday Malcolm Fleschner, Lisa Gschwandtner, Geoffrey James, Abner Littel Kim Wright Wiley, Renee Houston Zemanski A RT ART DIRECTOR: Colleen Quinnell ASSOCIATE ART DIRECTOR: Tarver Harris S E LLIN GPOWE R. COM Gerhard Gschwandtner Founder and Publisher Selling Power Magazine Author of 17 Sales Management Books Founder of the Sales Leadership Conference DIRECTOR OF ONLINE PUBLISHING: Robert Polickoski SENIOR DEVELOPER: Christian Williams WEB DEVELOPER: Robert Finley CONTENT SPECIALIST: Christopher Williams MARKETING COORDINATOR: Sal Nigrelli FIN A N CE & CIRCULA T ION / CH IE F FIN A N CIA L OFFICE R Jeffrey Campbell FIN A N CE SENIOR ACCOUNTANT: Joanne Yankey ACCOUNTANT: Allison Perkins CIRCULA T ION News and Insights for Sales Leaders Categories 8eeai IWb[iIjhWj[]o >_h_d]IWb[iJWb[dj IWb[iIkYY[ii >kceh IWb[iJhW_d_d] ?ddelWj_ed I[bb_d]Ia_bbi B[WZ[hi^_f IeY_WbC[Z_W Cej_lWj_ed M[Xbe]i IWb[i($& M_dd_d] CUSTOMER SERVICE: Wendy Blevins, Rose Gordon GROUP ACCOUNTS: Ashley Riddle EXECUTIVE ASSISTANT: Gina Block A DV E RT IS IN G PUBLISHER: Gerhard Gschwandtner EMAIL: [email protected] REGIONAL MANAGERS: WEST: .BSDFM4FOEFKPmSOUTH: ,FO.PSBOmNORTH: Arnie Schweitzer A DV E RT IS IN G IN FORM A T ION PHONE: mFAX: 540/752-7001 EMAIL: [email protected] CON FE RE N CE S & E V E N T S VICE PRESIDENT: Larissa Gschwandtner PHONE: mEMAIL: [email protected] DIRECTOR OF MARKETING: David Cardiel ACCOUNT EXECUTIVE: Travis King S UBS CRIPT ION IN FORM A T ION PHONE: mFAX: 540/752-7001 CORPORA T E S UBS CRIPT ION S A LE S CORPORATE ACCOUNT MANAGER: Ashley Riddle PHONE: 540/752-7000 x19 EMAIL: [email protected] RE PRIN T S & PE RM IS S ION S SALES & SERVICE MANAGER: Lisa Abelson PHONE: mEMAIL: [email protected] PRODUCT ORDE RS EMAIL: [email protected] WE BS IT E XXXTFMMJOHQPXFSDPNmEMAIL: [email protected] GE N E RA L IN FORM A T ION EMAIL: [email protected] E X E CUT IV E & E DIT ORIA L OFFICE S www.sellingpower.typepad.com Selling Power, PO Box 5467, Fredericksburg, VA 22403-0467 LIS T M A N A GE M E N T S E RV ICE S Edith Roman Associates Inc., Claude Marada, List Manager Phone: 845/731-2760 6 MAY/JUNE 2010 SELLING POWER THE “CAN’T STOP SMILING” REWARD No fees. No expiration dates. Just happiness.™ Motivate your sales people to achieve their goals with Best Buy® Gift Cards. They’ll get the fun of choosing incentives that enhance their lives and connect them with family and friends. Learn more by calling 877-370-1234. Email: [email protected]. Or order online at CorporateGiftCards.BestBuy.com. BEST BUY, the BEST BUY logo and the tag design are trademarks of BBY Solutions, Inc. © 2010 Best Buy. All Rights Reserved. BBY1103015 For more information, visit www.sellingpower.com/advertisers. Gift Card Incentives YOU ALWAYS SAY “GO BIG OR GO HOME.” SHOULDN’T YOU FOLLOW YOUR OWN ADVICE? Nikon® incentives tell people they’re valuable to you. Give the gift that motivates and inspires: Over 70 years of cutting-edge technology and products that redefine cool, make Nikon® a gift that tells someone they’re special. With sports binoculars that start at under $50, plus a full range of digital SLR cameras, COOLPIX® compacts and Nikon golf rangefinders there are many great ways to say thanks. To learn more about our full line of exciting products, call 1.888.547.8684. specialmarkets.nikonusa.com For more information, visit www.sellingpower.com/advertisers. editorial What Makes Sales Relationships Work? At the April Sales Leadership Conference in Las Vegas, during the private dinner organized for all speakers, we discussed sales relationships. While everyone there agreed that relationships are vital to creating sales, the consensus was that there is no formal body of knowledge that explains how relationships are formed, what makes them grow, what causes them to fizzle, and what leads to the creation of value. One speaker called relationships “the soul of business.” Below is a summary of the excellent ideas – and there was no shortage of them – shared by 18 sales leaders who continually contribute to the selling profession. 1. Good salespeople bring positive energy to a relationship. We can choose to be energy givers or energy takers. 2. Trust hinges on the willingness to deliver on promises. Once trust is lost, relationships cannot survive. 3. A relationship’s value depends on the customer’s perception of value, not on the salesperson’s definition of value. 4. To the customer, the top value drivers are integrity, authenticity, and consistency. 5. Effective relationship builders are willing to listen to better understand customer challenges. They ask questions that lead to consultative conversations, which open doors to greater opportunities. 6. The salesperson’s courage to resolve the difficult situations customers face enhances relationships. One speaker called this “the ability to put oneself in harm’s way.” 7. The quality of the relationship with the customer is determined by the quality of the relationship between the sales manager and salesperson. Sales managers exemplify a company’s corporate culture. JEFF WEINER 8. Relationships are enhanced by the salesperson’s ability to communicate in compelling and creative ways. One sales leader explained how he uses video email prior to a customer visit and follows up with a video email immediately after the call. Video email is six times more effective than standard email. 9. Relationships demand a long-term investment. Without it, there is no ROI. One of the speakers shared that “there is no return on ignoring [the customer].” 10. There is a difference between a transaction and a relationship. Transactions create one-time value; relationships create long-term value and a stable business foundation. 11. Relationships grow through differentiation and the willingness to contribute beyond what is expected. “There is no traffic jam on the extra mile,” commented another speaker. 12. Good salespeople use smart social-media strategies to enhance customer relationships. They make it their business to stay connected to their customers through Twitter, Facebook, and LinkedIn. gerhard gschwandtner, publisher [email protected] twitter: gerhard20 blog: sellingpower.typepad.com SELLING POWER MAY/JUNE 2010 9 fast track to the top Ship Shape Sam Sigholz, Sales Associate, uShip Career history: Nearly eight years at Hoover’s Inc. Current responsibilities: Helping to build a B2B sales team to expand uShip’s domestic and international operations. About uShip: Founded in 2004, uShip connects people looking to ship unusual freight – motorcycles, golf clubs, pianos, etc. – with transport companies that place competing bids to win a customer’s business. Company stats: uShip has helped broker more than $140 million in shipping contracts and currently has more than one million site listings. Profits earned in 2009 were between $5 million and $7 million, double the previous year’s earnings. On uShip’s shipping list: Stephen Colbert’s desk, from The Colbert Report and auctioned for charity on eBay for $14,800, to be shipped from New York City to Lawrence, KS, via uShip’s own charitable delivery program, Highway to Help. How Sigholz got hired: “I read an article about uShip in our local paper and became very interested in it. For a year [the company and I] exchanged emails about establishing a sales team.” Why he made the switch: “I really like the challenge of something new and to look back and say I was responsible for the growth of a team. When I started at Hoover’s, we had fewer than twenty salespeople. When I left, we had about two hundred reps. At some point, [working with Hoover’s] got too comfortable. I was ready for a new challenge.” Selling challenge: “It’s a challenge to get our mostly blue-collar transporters to think about going online and using a com- 10 MAY/JUNE 2010 SELLING POWER puter. One big area of our sales is heavy equipment, like cranes, and so many of those people are used to being wined and dined by a sole service provider.” Selling benefit: “Once people hear about our service and start to use it, they love it.” Company culture: “It’s a great, start-up atmosphere. We have a chef who prepares healthy meals and snacks, and every first Friday of the month we go out or do a team-builder, like paintball, as a company. We’ll also do volunteer work, like with Habitat for Humanity. And I’ve actually been assigned a mentor by one of the senior leaders to guide my professional development. I’m extremely excited to be here.” “I really like the challenge of something new and to look back and say I was responsible for the growth of a team.” – SAM SIGHOLZ Future career plans: “If we’re successful getting this two-man [sales] team going, then ideally we’ll hire some more reps, and hopefully I can take the next step to manager and progress from there. There’s lots of opportunity for growth.” Check out uShip’s blog, “Ship Happens,” at www.uship.com/ – LISA GSCHWANDTNER blog. WYATT MCSPADDEN =<D2?B=A523BAB?2 0.@6<·@4?22;@96:=?<720A<?32.AB?2@.?2C<9BA6<;.?F ;2D=.A2;A=2;16;45F/?619645A@<B?02 0N`V\V`\[PRNTNV[YRNQV[TaURdNfdVaUN[V[[\cNaVcR`RZVP\[QbPa\_YVTUa`\b_PR aRPU[\Y\TfaUNaP\ZOV[R`921N[QYN`R_YVTUaa\P_RNaRNP\Z]YRaRYf[RdZR_Pb_fS_RR YVTUa`\b_PRAUR`RUVTUO_VTUa[R``]_\WRPa\_`UNcRb]a\".;@6YbZR[` ]R_S\_ZN[PRP_RNaV[TO_VYYVN[a[Nab_NYP\Y\_`N[QUNcRV[`aN[a\[\SSPN]NOVYVaf DUR[VaP\ZR`a\aURR[cV_\[ZR[a0N`V\`Ra`aUR`aN[QN_QdVaUNZR_Pb_fS_RR YVTUa`\b_PRf\bPN[_RYf\[\cR_aUR[ReaaR[fRN_`²b]a\U\b_` 4_RR[@YVZ=_\WRPa\_`N_RcV_abNYYfZNV[aR[N[PRS_RRdUVPU`NcR`aVZR Z\[RfN[QaURR[cV_\[ZR[a 6ZNTR`dVaUaURcVaNYVafN[QPYN_Vaf\S_VPUP\Y\_`N[QSV[RQRaNVY` ZNXRRcR_f]_R`R[aNaV\[NZRZ\_NOYRRe]R_VR[PR3\_Z\_R V[S\_ZNaV\[\[U\da\SV[QaUROR`a]_\WRPa\_S\_f\b_[RRQ` cV`VaT_RR[`YVZ]_\WRPa\_P\Z MERCURY FREE ©2010 CASIO AMERICA, INC. For more information, visit www.sellingpower.com/advertisers. MANAGERS’ CORNER TIPS PSYCHOLOGY SELLING SKILLS essentials “The skills we learned during the tough times and the focus we’ve brought to our sales process has allowed our team to be so much better than it used to be.” Cloud Burst Technology companies have had a tough run these past two years. The recession has squeezed IT budgets, causing a global retraction in IT spending. Though the market is now showing signs of recovery, the effects of the recession will linger. So what do you do when you’re a technology company looking to build market share at a time when everyone is fighting over a smaller pie? If you’re salesforce.com, you make some major, strategic changes to the way you sell. Michael Basch is a seven-year veteran of salesforce.com and currently area vice president of corporate sales. He says a focal point of his career has been hiring top enterprise-software sales talent, building teams capable of “execution excellence.” Basch says his company has responded to the challenge of selling in a recessionary economy by deploying three key sales-related strategies: 1. Targeting the C-suite. Salesforce.com is cultivating relationships with C-level executives with the goal of partnering to solve their business issues. The timing for this strategy has been good, as technology is evolving rapidly and many executives are looking for guidance in this area. For instance, many executives “have heard about cloud computing and are looking for a partner to guide them through how it can benefit them on a very strategic level,” says Basch. “This 12 MAY/JUNE 2010 SELLING POWER has enabled us to move from just another technology vendor to a partner.” 2. Expanding the footprint. Salesforce .com is expanding its footprint beyond its traditional user base – sales and marketing people – and targeting new organizations and users with new products. Its Service Cloud (support) and Custom Cloud (Force.com platform), for instance, have enabled salesforce.com to expand beyond the sales and marketing teams to all employees in a company, and they’ve opened the doors so that the QUICK TIP vendor’s reps Read “Strategic can have much more strategic Advantage” at www conversations at .sellingpower.com/ higher levels. mayjun10 for tips on R e p s h a v e executing a strategy turned to the that gets results. company’s internal champions who have already experienced success with salesforce.com’s Sales Cloud (sales force automation) for sponsorship in other areas of the organization. 3. Measuring performance. Salesforce .com is now “rigorously” managing the performance of its sales teams, says Basch. “With the breadth of our product offerings and changing market conditions, we need to scrutinize the key success factors related to their performance,” LAUGHING STOCK/CORBIS Salesforce.com deploys three umbrella strategies to weather the economic storm Virtue is more clearly shown in the performance of fine overview Not familiar with salesforce.com? Here’s a brief overview: The company, founded in San Francisco in 1999 by Marc Benioff, whose aim was to make enterprise software as easy to use and accessible as such consumer Websites as Amazon.com, is a Software-as-aService (SaaS) customer relationship management (CRM) provider. The company’s top three verticals are financial services, high tech, and media and telecom. For fiscal year 2009, it reported approximately $1.077 billion in revenues. Salesforce.com employs 3,814 people. he explains. “This means setting clear expectations of what we are measuring, using salesforce.com to measure, and being prescriptive on a plan to improve if a member of our sales team is not meeting those expectations.” One of those key success factors is a sales rep’s ability to originate business – a new skill requirement for salesforce.com’s reps. Basch points out that a year or two ago, reps could “execute [salesforce.com’s] playbook” using the leads that came into the pipeline through marketing. Today, things are different. To reach their sales goals now, salesforce.com’s reps must originate many of their own deals, which in turn has required focused training in this area. Basch says salesforce.com’s plan going forward is to stay on its new course, continuing to strengthen its team’s skills in areas such as prospecting and executive targeting – areas the CRM provider sees as being crucial to the future of sales success. “The skills we learned during the tough times and the focus we’ve brought to our sales process has allowed our team to be so much better than it used to be,” Basch concludes. “The new skill sets and focus have become a way of life” – one that salesforce.com hopes will allow it to grab bigger shares of the market as IT spending begins to recover. – HEATHER BALDWIN actions than in the non-performance of base ones. – Aristotle SELLING POWER MAY/JUNE 2010 13 essentials MANAGERS’ CORNER TIPS PSYCHOLOGY SELLING SKILLS “Before we get started, I promise not to bore you with a long presentation. I’m sure I can do it with a short one.” Funny You Should Say That A professional comedian provides tips for leveraging the power of humor in selling The traveling salesman has long been a staple of joke tellers. But while providing others with a convenient source of ready humor, salespeople have just as frequently employed humor to their own advantage, whether to break the ice with prospects, build rapport, or foster longterm and mutually beneficial customer relationships. That’s the upside. THE DANGER OF WINGING IT As a former improvisational comedian and author of Sell It with Humor (Burtwithau Publishing, 2009), Burt Teplitzky points out that humor in sales can be a doubleedged sword. Used properly, it can work wonders to break down barriers. But if it’s used improperly? Well, let’s just say an illadvised joke is a great way to get yourself thrown out of a customer’s office. Which is why Teplitzky suggests that, contrary to traditional sales teaching, salespeople should never try to tell jokes off the cuff when speaking to customers. “Ad-libbing is for professionals,” he says, “and even they don’t always get it right. You can really distance yourself from an audience when you think something off the top of your head is really funny. We’ve all faced that situation in which you wind up saying something awkward and it turns into a Seinfeld episode.” LEAVE ’EM LAUGHING – OR GROANING Instead, Teplitzky suggests splicing canned humor – cribbed from joke books or speaking guides – into your sales presentations, even if the jokes are, as he describes them, “groaners.” The key is to be self-deprecating, he says, and to communicate that you don’t take yourself too seriously. One joke 14 MAY/JUNE 2010 SELLING POWER he likes to use in front of customers pokes fun at his own presentation. “I might open with a line such as, ‘Before we get started, I promise not to bore you with a long presentation. I’m sure I can do it with a short one.’ Now a line like that would never work in a comedy club,” he says, “but in an environment where people are glad for any release, they appreciate the humor, even if it’s a groaner, and then you go on to make your point.” LEAD WITH YOUR GUT? Tony Bell, district sales manager for Coca-Cola in Tampa, agrees that sharing a laugh with a prospect may be the best way to build relationships, but he prefers to rely on his selling instincts to decide when humor makes sense. “True salespeople know whether they can use humor based on gut instinct,” Bell says. “In a lot of cases, you want to steer clear of humor because it’s not appropriate. But in other situations, humor can help you change the flow of a conversation. If you’re not making any headway on a call, even if you don’t know the person very well you can throw a little humor in, get the customer to laugh, and that may open things up.” FUNNY YOU SHOULD STATE THAT OBJECTION Timing is, of course, the key to humor, and the same is true in selling. And one point in the sales process at which humor plays a timely role, Teplitzky says, is during objection handling, particularly if a sales rep can use humor to deflect objections before they even come up. “If your product has selling points that are not as strong as a competitor’s, you might address [those points] in advance with humor and dismiss them,” he says. “So for example, Henry Ford used to say that customers could have a Ford in any color they wanted, as long as it’s black.” Most salespeople are well aware of the objections they’re likely to face, Teplitzky says, and should prepare a range of funny, proven responses that deal with each one. On a sales call during which the customer will likely bring up the competition, Teplitzky says he might respond with the following: “We know we have competitors, but we really are the industry leader, with fifty years of experience. In fact, we recently interviewed a manager from another company who wanted to work for us. He took an aptitude test and failed. He actually got a zero. When he heard his score, he said, ‘I don’t deserve a zero,’ and our manager said, ‘I’m sorry, but that’s the lowest score we have.’ “With a joke like this, you’re not attacking anybody,” Teplitzky explains. “You’re putting it out there that you’re the leader and your competitors don’t measure up, but you’re doing it with humor. I wouldn’t attack competitors individually because that makes the customer stick up for them, but this way you make the customer laugh, and then you move on.” WHAT’S YOUR LINE? Jani Campbell, a commercial-vehicle sales specialist with Unitrin Property & Casualty Insurance, admits to trotting out a favorite line whenever the independent agents she calls on mention turning to a competitor for writing lines of business that Unitrin also represents. “This competitor is known everywhere,” she says. “The company does a If you want to be a big company tomorrow, you have Burt Teplitzky, former improvisational comedian and author of Sell It with Humor. to start acting like one today. – Thomas Watson SELLING POWER MAY/JUNE 2010 15 essentials lot of marketing – billboards, TV ads, you name it. And sometimes customers will say to me, ‘I hate using this company, but I have to in some cases when I can’t find anyone else.’ And my spiel is to say back, ‘You need to do more business with us, because we write those same things, and friends don’t let friends write [that competitor’s name].” In just a few words, Campbell says, this joke communicates volumes about all the downsides to working with this giant competitor while simultaneously reinforcing an almost conspiratorial us-versus-them bond between Campbell and her customers. Tony Bell admits that, while he generally prefers to use uncontrived humor during a sales call, he does have one joke he frequently employs to address the common “I’m happy with my current supplier” objection. “If a customer is just blowing me off,” he says, “telling me he or she is happy with the way things are, I’ll say, ‘That’s fine. I’ve MANAGERS’ CORNER TIPS been with Coke for eighteen years, and I have eighteen more years before I retire, so I’ll just see you once a month for the next eighteen years and we’ll go from there.’ Customers will usually chuckle because [my response is] not expected. And then the floodgates open and they start talking.” Even if his joke doesn’t get the desired result on that call, Bell says, he keeps at it, and during the next visit he’ll respond to “I’m not interested” with, “That’s fine. I’ve got seventeen years and eleven months left. I’ll see you next month.” “They can’t help but laugh and will soon open up to you, most likely the next time you walk in the door,” he says. TOO MUCH OF A FUNNY THING Bell cautions that selling with humor, as with all things, only works in moderation. Some salespeople he’s worked with take the comedy routine too far, he says. PSYCHOLOGY SELLING SKILLS “These are the salespeople who are always joking; everything out of their mouths is a wisecrack or a funny story,” he says. “They just don’t know when to stop and sometimes don’t even realize that they’re offending the customer.” One crucial time when salespeople need to stop being funny, Teplitzky says, is during the approach to the close. Humor sets up the close, he says, but it won’t win you the business on its own. “No customer is going to jump up and say, ‘You were so funny! We enjoyed this; now give me eight of them.’ That doesn’t happen,” he says. “But after you’ve anticipated and addressed objections with preplanned humor, you can turn old school and ask for the business. Humor will actually make the sales process friendlier and less adversarial. But at the end you still have to ask for the order.” – MALCOLM FLESCHNER Own your future. Don’t sell for others. Now is the time to grow your own exciting business, putting you in control of your success. 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If you’re uninspired by the usual franchise opportunities, this is a professional business that makes a difference in your local community by blending sales and professional networking. t"CJMJUZUPDPOUSPMZPVSPXOGVUVSF success t-PDBMCVTJOFTTOPUSBWFMXFFLEBZ hours tZFBSPMECJMMJPOJOEVTUSZ t&YDFMMFOUUSBJOJOHGSBODIJTFF satisfaction rating t4VQQPSUZPVSDPNNVOJUZ tZFBSTGSBODIJTJOHXJUINPSFUIBO 550 locations t4BMFTTVQQPSUUPDPBDIZPVUPTVDDFTT t/FBSMZNBSLFUJOHBXBSET For more information, visit www.sellingpower.com/advertisers. 16 MAY/JUNE 2010 SELLING POWER Invest in a future with Express, visit expressfranchising.com/learnmore or call (877) 652-6400. 2EWARD9OUR0EOPLEFORA*OB7ELL $ONEWITH3OMETHING$IFFERENT 3HOP)N3TORE You can use the Bass Pro Shops® Gift Card at any of our Bass Pro Shops® Outdoor World® retail stores where you will find a huge selection of fishing, hunting, camping, boating and other sporting goods merchandise, all under one roof. 3HOP/NLINE 3HOP/UR#ATALOGS You can also use the Bass Or use the Bass Pro Shops® Gift Card ® Pro Shops Gift Card online at to shop from our various Bass Pro www.basspro.com, where you can Shops® catalogs. Each catalog is tailored to fit your specific sport or purchase from our huge selection of merchandise right from your computer. outdoor interest. Call 1-800-BASS PRO (1-800-227-7776) for your catalog. Also find fishing tips, outdoor news and events, featured items and more. 1UESTIONS#ALLOR6ISIT 777"!330 2/#/For more information, visit www.sellingpower.com/advertisers. essentials MANAGERS’ CORNER TIPS PSYCHOLOGY SELLING SKILLS SALESTRAINING “If you can anticipate objections, you can prevent them from occurring,” says best-selling author Jeffrey Gitomer in The Sales Bible: The Ultimate Sales Resource (Collins, 2008). “Prevent objections by discussing them in your presentation before the prospect has a chance to voice them. Prevention is the best medicine to cure objections.” Gitomer suggests the following process to prevent objections: 1. Identif y all possible objections. 2. Write them down. 3. Script responses to and closing questions for each. 4. Develop sales tools that enhance and support every response. “Such items as testimonial letters, testimonial videos, comp a r i s o n charts, and supporting documentation can enhance the objection-toclose process,” says Gitomer. Share stories about other customers who had similar problems and how you handled them. 5. Rehearse the scripts during role play. 6. Tweak the scripts. 7. Make final revisions based on real-world situations. 8. Keep the documents in a master notebook. Gitomer suggests giving all co-workers a copy of this notebook. It can even be used as a training manual for new salespeople. – Renee Houston Zemanski 18 MAY/JUNE 2010 SELLING POWER Linked to Sales When sales training exists in a vacuum, that’s exactly the result your training will get – nothing. But according to Jason Robinson, EMEA practice leader of SEC Solutions, a best-practice, research-consulting firm focused on sales and marketing excellence, if you explicitly link your training content to a performance outcome, your reps will most likely retain the information. And the more training they retain and use, the more likely you’ll get a return on your training investment in the form of closed sales. “No matter how individuals learn, they are all motivated in a similar way,” says Robinson. “Link the objective you are trying to convey to individual performance improvement; connect the dots from behavior to outcome. This will create an environment where reps are much more receptive to the training they receive.” – Renee Houston Zemanski Organize and Reap the Rewards “Selling is a complicated process that often requires you to stay close to large numbers of customers over long periods of time,” say Edward R. Del Gaizo, PhD; Seleste Lunsford; and Mark Marone, PhD, in their book, Secrets of Top Performing Salespeople (McGraw-Hill, 2004). “To do it well, it’s important to be systematic and organized – and that means keeping good records that go beyond standard contact-management systems.” The authors suggest creating a file for each of your prospects and clients. Include the following in the file: Customer or prospect reactions during your meetings or phone calls Agreed-upon next steps Notes on what’s important to each customer or prospect (Tip: You can even write down personal details, such as prospects’ favorite teams or restaurants, how many children they have, or how they like their coffee.) News articles, industry reports, press releases, or any other kind of news documents that pertain to each customer or prospect Make sure that you study your customers and organize all contact information, important documents, and notes. It can go a long way toward your sales success. – Renee Houston Zemanski CJ BURTON/CORBIS Defense Prevention If you chase two rabbits, both will escape. – Chinese proverb CJ BURTON/CORBIS CLOSE THE SALE, OPEN THE RELATIONSHIP So much of professional sales training is focused – and for good reason – on what to do leading up to the sale, that many representatives are left to their own devices to figure out what to do after completing a sale. But as author and noted sales trainer James W. Pickens points out in The One Minute Closer: Time-Tested, No-Fail Strategies for Clinching Every Sale (Hachette Book Group, 2008), salespeople need to consider what they plan to do after that initial contract is signed to cement the deal and lay the foundation for a long-term relationship with the new client. Pickens recommends a four-point, post-sale checklist. 1. Pipe down. Even the most experienced salespeople can fall prey to the urge to “talk beyond the sale” and risk saying something about the product or service that the customer won’t want to hear. If, after sealing the deal, the customer does have additional questions, listen closely and then respond by inquiring, “Why do you ask?” Having isolated the concern, be concise and straightforward, but don’t go into the kind of detail that could provide any reason to undo the deal. 2. Thanks are in order. When you express your appreciation for the customer’s business, don’t be effusive. A controlled “Thank you for your business; I appreciate your trust,” conveys the message that you have made many similar deals in the past and have plenty more ahead of you. 3. With the stroke of a pen… After inking your deal with What’s in a name? A 35 percent markup. – Vince Thurston the new customer, offer your pen to the customer as a token of your appreciation. Naturally, it has to be a pen of some value, one that the customer will use and enjoy owning. No company logos or product information on it – just a simple, elegant pen. This gesture serves a number of purposes: m*UjTBOVOFYQFDUFEBDUPGHFOFSPTJUZBOELJOEOFTTUIBU the customer may not have experienced before. m*UHJWFTUIFUXPPGZPVBDPOWFSTBUJPOUPQJDPOXIJDIUP pass the time while the contract is being drawn up. m*UHJWFTUIFDVTUPNFSTPNFUIJOHUPGPDVTPOPUIFSUIBO the cost of your product or service. 4. Revisit the “why.” Maintaining the same casual tone you used when saying, “Thank you,” go ahead and ask the customer why he or she bought from you. The customer will likely answer by highlighting two or three benefits your product offers but will also probably leave out a few others. Go ahead and fill in the blanks, reminding the customer of your solution’s additional benefits. This will serve to reinforce and support the customer’s buying decision. A customer who has just made a substantial buying decision may need a little hand-holding. Reassure your newly minted customers, keep giving them your undivided attention (as opposed to going around high-fiving your office mates), and then walk them out of the office all the way to their cars before saying goodbye. – Malcolm Fleschner SELLING POWER MAY/JUNE 2010 19 essentials MANAGERS’ CORNER TIPS PSYCHOLOGY SELLING SKILLS Post-Training Secret YOUR SELLING TIME IS MONEY IN THE BANK If you work an eight-hour day, five days a week, your total number of selling days comes to 244 per year (or 1,952 hours, including all salesrelated activities). If your annual sales volume is $50,000, one extra hour of selling can be worth $25.61. That makes one extra hour per week for 52 weeks worth $1,332. In five years, it’s worth $6,660. In 10 years, that extra hour per week is worth $13,318.50. Assume your annual sales are $150,000. Find one extra hour of selling time each week, and you’ll most likely increase your sales volume by $3,996 in a year, $19,978 in five years, and $39,957 in 10 years. To see how much an extra hour of selling time is worth to you, see the chart below. Sales coaching after training is just as important as the training itself, says one best-practice, research-consulting firm focused on sales and marketing excellence. According to research completed by SEC Solutions, 30 days after training, reps only retained 13 percent of the information received during the training event. In the study, the retention rate jumped to 88 percent when a similar group of reps were coached on the content following the training event. “Using weekly meetings or one-on-one coaching sessions to reinforce the training content is an excellent way to help reps retain the information,” says Robinson. And the more they retain and use, the higher their closing ratios will be. – Renee Houston Zemanski Your sales will increase even more with just two extra hours per week, totaling up to an extra 104 hours of selling time. Year’s Hour’s 104 Hours Sales value (1 year) $50,000 $ 25.61 $2,664 75,000 38.42 3,996 100,000 51.23 5,328 200,000 102.46 10,656 300,000 153.69 15,984 *year = 244 eight-hour workdays No matter what your current level of sales, one extra hour of selling time a week can add up to success. – Selling Power Editors 20 MAY/JUNE 2010 SELLING POWER CJ BURTON/CORBIS Year’s Hour’s 52 Hours Sales value (1 year) $50,000 $ 25.61 $1,332 75,000 38.42 1,998 100,000 51.23 2,664 200,000 102.46 5,328 300,000 153.69 7,992 *year = 244 eight-hour workdays How to Deliver Bad News No sales rep wants to disappoint a customer with bad news. But sometimes there’s no choice. When that happens, here are some rules to follow to break bad news so it has less bite. It’s important to prepare and use the appropriate language to convey bad news, says Ben Shaktman, founder and president of Shaktman Associates, a company that helps high-level corporate executives improve the way they make presentations. “Put yourself in your clients’ shoes and think about how they will receive the bad news,” he says. “Tell them what [their problems] are going to cost them in dollars, time, and business. Follow up by presenting what steps your company will take to help mitigate those costs.” If you can offer help at the same time that you’re sharing bad news, you can lessen the blow and help the customer convey the news down the line to others who may be impacted. Other tips Shaktman shares: Present positive news with the bad news. Use positive rather than negative language. For example, use the phrase “make good,” instead of “cover your losses.” Don’t sugarcoat the information. Share the facts. Be prepared for the reaction. Get away from blame. “Instead, come up with a solution and tell clients that you want to do everything you can to make this work for them,” says Shaktman. – Renee Houston Zemanski You must be worthy of the best, but not more worthy than the rest. – Denis Waitley CJ BURTON/CORBIS REDIRECT YOUR DIRECT-MAIL OR EMAIL EFFORTS Given the virtual tsunami of emails, phone calls, instant messages, text messages, snail mail, tweets, faxes, and singing telegrams customers are bombarded with each day, it may seem that there’s just no way to break through the noise to grab your prospects’ attention. Mitch Carson, author of The Silent Salesman: Guaranteed Strategies for Increasing Sales and Profits Using Promotional Products (John Wiley & Sons, 2009), can certainly empathize. That’s why he dedicates an entire chapter of his book to case studies in direct-mail successes – amusing, outlandish, creative, and provocative pieces of mail designed to pique customers’ interest and then deliver a potent selling message that opens a potentially lucrative dialogue. Some of Carson’s more compelling (but easily adaptable) examples include the following: 1. Lottery-Ticket Mailer Attention grabber: A customized, winning, scratch-off lottery ticket offering a free gift from your company enclosed Letter heading: “Don’t gamble with your company’s future!” Sample tie-in sales pitch: Too many companies gamble with their future by using unproven, inefficient, and costly vendors who roll the dice with other companies’ business. To redeem your winning scratch-off ticket, call us today!” Letter closing: “You’re already a winner! Call us to redeem your prize today!” 2. Piggy-Bank Mailer Attention grabber: A small piggy bank in the package Letter heading: “Here’s advice you can take to the bank – and you don’t have to wait until pigs fly!” Sample tie-in sales pitch: Using our company’s consulting services, customers have uncovered significant missedrevenue opportunities, found seemingly minor but meaningful competitive advantages, and excised unnecessary budget items for substantial cost savings, all without breaking the bank. Letter closing: “Invest just a few minutes of your time today, I’m tired of dreaming. I’m into doing at the moment. – Bono and you’ll likely see dividends in the thousands of dollars in just a matter of months!” 3. Magnifying-Glass Mailer Attention grabber: A magnifying glass included in the packet Letter heading: “Before you make a decision, be sure to read all the fine print! NOT ALL SERVICE COMPANIES ARE ALIKE!” Sample tie-in sales pitch: Our customers have found that it helps to have an outsider take a closer look at their company’s bottom line, where we’ve discovered countless cost savings, magnified profit opportunities, and solved the mystery of long-term customer satisfaction. Letter closing: “We’re eager to help. Put us on the case today!” 4. Million-Dollar-Bill Mailer Attention grabber: A phony million-dollar bill in the envelope Letter heading: “Feel like a million bucks!” Sample tie-in sales pitch: When you look good, you feel good, and vice versa. Our company makes customers feel good with the peace of mind that comes from reliable service, a 100 percent on-time delivery guarantee, and doing business with a company that’s been professionally certified. Letter closing: “Call us to start feeling like a million bucks today!” 5. X-Ray Mailer Attention grabber: Official-looking envelope with the words, “X-ray film: Please do not bend,” printed on the outside. Letter heading: “Please hold this x-ray up to the light to see your prescription.” (The letter can be printed on a transparency to resemble an X-ray.) Sample tie-in sales pitch: In today’s economic climate, companies need to closely examine every expenditure to maximize impact and reduce all unnecessary costs. Let us X-ray your cash outlay to expose waste, highlight savings opportunities, and uncover ways to generate additional income from every outgoing dollar. Letter closing: “Don’t get zapped by higher costs in a down economy.” – Malcolm Fleschner SELLING POWER MAY/JUNE 2010 21 essentials MANAGERS’ CORNER TIPS PSYCHOLOGY SELLING SKILLS “I expect them to get up in the morning fired up with clear ideas and goals.” Give It a Whirl Managing the enterprise sales force means communicating and motivating, providing technology resources, and working with channel partners. Sam Abdelnour, Whirlpool’s vice president of sales in North America, manages a sales force of 700. He worked his way up at Whirlpool, where he has been employed for 32 years, including 10 years in his current position. Whirlpool’s sales force is organized by channels. Some cover such big-box accounts as Sears, Lowe’s, Best Buy, and Home Depot, and some traditional channels cover independent and small retailers, new families, and homes. “Around 500 or 600 sales reps are in the marketplace, with the rest in our headquarters,” Abdelnour explains. Each channel has a general manager who reports to Abdelnour. Big-box teams align with their customers’ buying staff, with one person each assigned to the buyer, the marketing person, the supply-chain manager, and so forth. The traditional channel has 500 reps working out of their homes. These reps call on customers by walking floors and visiting warehouses. GOALS, GOALS, GOALS Abdelnour sets monthly, quarterly, and annual sales and market-share goals for q continued on page 24 22 MAY/JUNE 2010 SELLING POWER SIMON D. WARREN/CORBIS How Whirlpool’s sales force works with channel partners to maintain and build sales A gem is not polished without rubbing, nor a man perfected without trials. – Chinese proverb SELLING POWER MAY/JUNE 2010 23 essentials q continued from page 22 all reps. “Unless you track market share, you do not know how well you are doing against the competition,” he emphasizes. Channel managers hold conference calls with reps every week, and Abdelnour MANAGERS’ CORNER TIPS both product and sales-skill training. Employees take lessons online and are certified after successful completion. In addition, 200 Whirlpool reps train partner reps faceto-face in the early mornings before stores open or at conferences nearby. PSYCHOLOGY SELLING SKILLS The Real Whirld program, now 10 years old, helped Abdelnour recruit a more diverse sales force; 60 percent are women or minorities, aligned with the demographics of channel partners and ultimate consumers. And Real Whirld Whirlpool recruits most new reps from colleges or related sales-education programs. Recruits are trained and brought on board using a unique program, Real Whirld. holds a quarterly, two-hour conference call with the entire sales force. During those calls, he stresses two or three objectives for the coming quarter, seeking tight focus on a few goals rather than on a lengthy list of objectives. The first part of the quarterly call is conducted by phone, with slides shown on a company Website so reps can follow the presentation. The last half hour is dedicated to taking questions from the field, and anyone whose question is not answered can contact Abdelnour by email or voicemail afterward. Twice a year, Abdelnour meets all his reps faceto-face – and they meet each other – at national conferences. “Salespeople have to be self motivators. I expect them to get up in the morning fired up with clear ideas and goals,” Abdelnour explains. Nevertheless, channel and regional managers must keep things moving forward for their teams. Abdelnour participates briefly in weekly channel calls to make sure this is happening. “The teams help motivate each other. Everyone has to do his or her job for us to be successful,” he explains. CONTESTS AND INCENTIVES In addition to performance-based compensation, there are numerous sales contests and incentives. Ten years ago, there were more sales contests than there are today, but Whirlpool now uses fewer “rifle shots” to focus attention on the most important sales goals, as the quarterly calls currently serve this purpose. Training is a huge challenge, as Whirlpool must train not only its own reps but the tens of thousands of salespeople at channel-partner companies. Brand Academy, a proprietary online training system, is available to reps and partners for 24 MAY/JUNE 2010 SELLING POWER All Whirlpool reps have notebook computers and cell phones, and many carry personal digital assistants and BlackBerrys. Customers are asked to cosign and grade each rep’s visit so Whirlpool knows how often reps see customers and how well they serve them. This communication is two-way: Reps use these tools to get immediate responses to customer questions. “Nowadays, customers do not expect reps to know all the answers, but they do expect reps to have answers at their fingertips,” Abdelnour says. Whirlpool recruits most new reps from colleges or related sales-education programs. Recruits are trained and brought has two other major benefits: First, the company has retained 80 percent of the reps brought on board by the program. Second, “the young group of salespeople brings amazing energy to the others,” Abdelnour says. “Some of our veteran reps have taken a look at themselves and asked, ‘What happened to me?’” ACCURACY, TOOLS, AND TIME MANAGEMENT “Managers of a large sales force must make their top-line sales forecasts much more refined because that drives everything else,” says Ken Thoreson, managing partner of Acumen Management. PA R T I A L C H E C K L I S T Managing the Enterprise Sales Force 1. Robust CRM for tracking activities and sales at all levels 2. Web conferencing and other tools for direct communication to field 3. Regular face-to-face contact with the field force 4. Professional development covering all product and skill knowledge 5. Regular certification requirements 6. E-learning tools to economize on training time and expense 7. A rigorous selection process 8. Profile of ideal candidates to aid hiring efforts 9. Online assessments 10. Thorough “onboarding” process 11. Encouragement of time management 12. Firmly established priorities on board using a unique program, Real Whirld. They live, learn, and keep house together in a nine-bedroom house dedicated to their new careers. When not learning how to sell products during the day, they use Whirlpool, Amana, and Maytag appliances to cook, clean, and wash. They even serve meals to teams of Whirlpool reps on special nights. Publicly owned firms must credibly forecast sales for their directors and the public, and production and distribution departments also need accurate forecasts. Thoreson says this requires a dashboard and metrics, plus a solid CRM system to understand how activities relate to sales and what activities occur at the regional, q continued on page 26 The main ingredient of stardom is the rest of the team. – John Wooden WHEN PEOPLE WORK HARD... THIS IS THE THANKS THEY SHOULD GET. Find out how Canon can make your Corporate Gifts and Incentive programs work hard for you, contact Canon at 866-50-CANON or www.usa.canon.com/corporategifts For more information, visit www.sellingpower.com/advertisers. ©2010 Canon U.S.A., Inc. Canon, ELPH, EOS, EOS Rebel, SELPHY, VIXIA and PowerShot are registered trademarks of Canon Inc. in the United States. IMAGEANYWARE is a trademark of Canon. All rights reserved. All images are simulated. ())(&'3+7) MANAGERS’ CORNER TIPS PSYCHOLOGY more training on corporate operations, such as completing expense reports. Extensive onboard training was once common at large organizations but is less so today. Thoreson recommends extensive professional development with annual certification in sales skills. These skills must be specific because large companies break the selling process into smaller steps, focusing reps on the highest-value customer contacts. %&'@(B(8 Q$ +8 |$ - 4 + + 5+8 , 0 ++ +, $ 04 })+ ., $- 28~ + qcontinued from page 24 district, and even individual levels. “You must use Web conferencing, instant messaging, and other communications to motivate the entire sales force.” Thoreson argues. “If you just communicate to the next level down, the message gets diluted.” Video conferencing allows top management to communicate, motivate, and talk about the competition. This method of communication is essential to enforce company policies on the kinds of commitment reps can make and what sort of approvals they need. An enterprise sales force requires THE PERSONAL TOUCH Maintaining personal contact is critical when motivating an enterprise sales force. “You do not want your salespeople to feel like they are cogs in a machine,” Thoreson stresses. Sales contests at regional and national levels are common because recognition is more important in a large sales force. Thoreson continues, “Bring people together so they know each other and can work together. That’s harder in a large sales force.” The VP of sales must make face-to-face contact at regional conferences to explain the vision and mission SELLING SKILLS and get reps excited. Constant direct communication is tough. “The top three challenges are time management, time management, time management,” Thoreson acknowledges. “But you must make time, or you will get everything filtered through middle managers.” He urges sales leaders to spend no more than 10 days a month at headquarters; the rest of the time should be spent with major prospects, field managers, and reps. “And you must set quarterly and annual priorities, or you will get dragged into things that do not advance the mission.” Standardization around the ideal profile is essential in recruiting reps for a large sales force. This means online assessments and structured interviews. Thoreson adds, “And make sure the selection process is followed all the time, not just 50 percent of the time.” A large sales force also needs a “deselection” process with standards, metrics, and firm decision points. Thoreson sums it up neatly: “It is easy for a mediocre rep to hide in a large organization.” – HENRY CANADAY Use your people skills for profit! FRANCHISE /WNA s4OPTENh"ESTOFTHE"ESTvn%NTREPRENEUR s"EYOUROWNBOSSWORKFROMHOME s“ #OFTHE4OPFRANCHISESTO3TARTvn&ORBESCOM s#OFFEE.EWSISWRITTENANDPUBLISHEDFORYOU shTH4OP,OW#OST&RANCHISEvn%NTREPRENEUR The World’s Largest Franchise Publication! !PPLYATWWWCOFFEENEWSUSACOM *OHN COFFEENEWSUSACOM For more information, visit www.sellingpower.com/advertisers. 26 !"#"!"# $%&' For more information, visit www.sellingpower.com/advertisers. ADVERTORIAL Executive Viewpoint L ORNA H EYNIKE , S ENIOR V ICE P RESIDENT OF M ARKETING Lorna Heynike has more than 15 years of experience in developing and marketing enterprise-class applications. At Callidus Software, Lorna has led the effort to develop a series of sales-performance and broader enterprise performance-management solutions. She also spearheaded the development of Callidus’s cutting-edge line of SaaS sales-performance products. Prior to joining Callidus, Lorna worked for Oracle, where she managed incentive compensation, marketing, and leads-management solutions. Lorna holds an MBA from Heriot-Watt University in Edinburgh, Scotland; an MSc from the University of Edinburgh, Scotland; and a BA degree with honors from the University of California at Berkeley. Selling Power magazine: Can sales really look to marketing to drive revenue? The worldwide recession has placed sales leadership under unprecedented pressure. In better economic times, sales leaders can drive more revenue by expanding coverage, but in today’s climate, sales is being asked to reduce spend. As a result, sales leaders need to look at the broader organization to drive real improvements in their overall effectiveness. Marketing in particular is often overlooked as an extension of the broader sales function, primarily due to the perceived and often real unequal accountability assigned to the two departments. Marketing needs to be equally accountable for business results, including bad quarters, declining win rates, failure of new products, and customer renewals. Businesses with strong sales and marketing alignment do, in fact, grow significantly faster and have higher customer loyalty relative to competitors. SP: How do you make marketing accountable to drive sales results? The same principles that drive sales performance should be applied to the marketing department as well. That is, setting tangible, measurable targets that are meaningful to the employee and drive the behavior that the business needs. Salary-based compensation should be balanced with more targeted incentives based on specific revenue and growth goals. This includes leveraging quota-based bonuses, special incentives, and quarterly-based MBO (management by objective) incentive programs to focus employees and teams on driving business that is critical to the company’s growth. SP: How do you apply this to a marketing organization? To drive behavior alignment, businesses should take the sales quota and work backward to derive a weighted marketing target. The first target should be based on a metric directly validated by sales: accepted opportunities. Take the sales quota, derive the net new revenue share, and then, based on average deal size, derive the number of net new deals required to meet quota. The acceptedopportunity target is a simple function based on the number of new deals required relative to the opportunity close rate based on historical performance. The second target should be based on the actual pipeline value of accepted opportunities. This helps focus marketing on higher-yield prospects. The third target should be based on the percentage of conversion to deals. This helps focus on driving strong win ratios and higher-quality opportunities with a high propensity to close. Holding budget constant, deal conversion represents the greatest potential for growth and driving high effectiveness ratios. At the same time, marketing leaders need to ensure that focus remains on customer renewals. Consider adding tar- gets for retention percentage and account growth with independent coverage. SP: What does a sales leader need to do to make this successful? First, ensure that developing opportunities passed by marketing is linked into regular pipeline reviews and coaching programs. If you are asking the marketing department to deliver more highquality leads, then you must also drive accountability in your organization to develop them. This will also help drive more funding for future demand-generation programs and sales campaigns. Second, support your marketing leadership with hard data on opportunity quality. Driving consistent qualification improvements will drive more deal conversions, directly optimizing sales effectiveness. Please contact Callidus Software at [email protected], or call 1-866-812-5244 for a free evaluation of your current pay-for-performance practices and a review of how crossdepartment pay-for-performance solutions can drive your sales growth. essentials MANAGERS’ CORNER TIPS PSYCHOLOGY SELLING SKILLS “An orchestra turned out to be the perfect metaphor for business organizations.” Play Nice, Now Symphony conductors rarely write business books, but Roger Nierenberg, author of Maestro: A Surprising Story About Leading by Listening (Portfolio Hardcover, 2009), is no ordinary baton wielder. While conducting orchestras in America and Europe, Nierenberg began to seek innovative ways to “get music to new audiences and make it come alive for people.” Initially, he wasn’t thinking of that mission in relation to business, but when he was invited to combine his skills as conductor, teacher, and public speaker by designing a musical presentation for a corporate group, it was a unique chance to expand his horizons and serve a new audience. The result was The Music Paradigm, an innovative program that embeds business people within an orchestra. The program was not only experiential but experimental, and everyone involved found the results to be “startling,” according to Nierenberg. He continues, “An orchestra turned out to be the perfect metaphor for business organizations. People told me it was the best leadership training they’d ever had.” Since then, Nierenberg has shared his message with bassoonists and businesspeople all over the world. He works with musicians who are based in the city 28 MAY/JUNE 2010 SELLING POWER ROBIN UTRECHT/EPA/CORBIS How a symphony conductor teaches a leadership and cooperation message using an orchestra as the medium Being grown up means we can have our During this workshop titled “The Sound of Working,” conductor Roger Nierenberg let managers sit next to members of the North Sea Philharmonic Orchestra to learn more about leadership and working together. own way – at our own expense. – Hal Rogers SELLING POWER MAY/JUNE 2010 29 essentials where The Music Paradigm meeting is being held, and to date he has presented 80 different orchestras – from Bangkok, Oslo, and places in between – to attendees. Participants are taken into a room and seated among the musicians of a professional orchestra, an experience that creates enough shock value to rattle them out of their routine modes of thought and behavior. FRESH PERSPECTIVE “Sitting inside an orchestra is a highly charged experience,” reports David Fisher, a senior managing director with Bank of America, who was cast in the role of MANAGERS’ CORNER TIPS tom designed to meet the particular objective of that meeting. Nierenberg has a series of conversations with key executives weeks before the conference to focus on the difficulties they face. “Recently,” he says, “I was working with a sales force that knew its people were going to have to expand their responsibilities – not just selling, but taking on leadership roles, as well. So we created a program that focused specifically on leadership. “When someone stands at the podium, he or she feels the power of an orchestra when it’s aligned and all the components are working together. Then, in contrast, more on leadership Leaders are much like symphony conductors; their task is to bring a group of gifted individuals into a unified whole. In order to orchestrate the ultimate in sales success, remember these key notes from Maestro: A Surprising Story About Leading by Listening (Portfolio Hardcover, 2009) by Roger Nierenberg. 1. CONDUCTORS LISTEN: Listening is possibly the most underused tool in business. Everything else stems from it, and it’s pointless to instruct your staff members to listen to each other when you don’t model the behavior yourself. 2. CONDUCTORS SEE “THE VIEW FROM THE PODIUM”: The difference between harmony and disharmony is having someone in management – you – with enough perspective to see how all the parts fit together. 3. CONDUCTORS UNDERSTAND “THE VIEW FROM THE SEATS”: Your job is to see the big picture, but don’t expect the same from your team. Just as the French horns can’t hear what the violins are doing, your sales team may not understand what’s going on in marketing or customer service. Speak to each person in the language he or she understands. director when he experienced The Music Paradigm with 200 of his managers. “Roger does a wonderful job of bringing people out of the audience into the experience, and when you present change in a new, creative environment, it can take hold in a fresh way.” The goal of the workshop was to help those managers – many of whom came from banks brought together in a merger – to begin to see themselves as a cohesive team. “We wanted them to think consciously about how they were going to interrelate when they left that room,” Fisher says, “and we got that in spades. Our team went on a two- to three-year run of meeting goals after the experience.” Every Music Paradigm session is cus30 MAY/JUNE 2010 SELLING POWER the participant gets the chance to stand at the podium and experience how confusion and dysfunction feels.” NO ADVANCE NOTICE Nierenberg doesn’t coach the musicians in advance on how to behave, nor does he lecture the businesspeople on what lessons they should take away from the exercise; he trusts that the experience will speak for itself. “The metaphor of organization as orchestra is so true and powerful that you just can’t escape it,” he says. “People leave the room with a real openness, a new willingness to consider other ways of relating to the other people in the company.” By having participants respond to PSYCHOLOGY SELLING SKILLS stimuli in the moment, says Nierenberg, “they begin to understand which leadership behaviors lead to harmonious results and which lead to the group’s going out of tune. They discover their own best ways to lead without someone else having to instruct them.” Nierenberg explains, “Most of the people who attend our sessions are already very successful, and the moment you say to a high achiever, ‘Look, you’re good at this, but I’m going to help you do it better,’ you’re going to get a defensive reaction. You can bypass this reaction by taking participants off the turf they would normally feel compelled to defend.” For precisely this reason, Douglas Greene, executive vice president of Merck Research Laboratories, calls Nierenberg’s methods “nonthreatening.” Like many of the companies who come to Nierenberg, Merck had 3,000 people who were essentially in corporate silos, so they were a natural fit for one of the key themes of The Music Paradigm,“the view from the podium.” 360° VIEW “In organizations, most people only see part of what is going on,” says Nierenberg. “In a big corporation, marketing might not know what’s going on in sales. We call this ‘the view from the chairs,’ since, in an orchestra, someone in the French horn section will know what’s going on among the French horns but can’t necessarily hear the violins.” Leaders, in contrast, experience “the view from the podium.” “Leaders position themselves so that they can see how all the parts fit together,” says Nierenberg. “They must understand and acknowledge how a piece sounds from the French horn section, from the violins, and how it sounds as a whole, and the only way to get that perspective is from the podium. “It’s one thing to say, ‘We’ve all got to work together.’ Everyone has heard that a million times in business, but when people stand on a podium, they suddenly experience this reality vividly.” The analogy has been absorbed into the corporate culture at Merck so thoroughly that years after the experience Greene reports that people still talk about q continued on page 32 Higher Quotas Require Salespeople Who Can Reach Higher As a sales leader, you need your team to reach a higher quota. 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())(&'3+7) q continued from page 30 “the view from the podium.” Developing this broad view begins with a skill many leaders lack: listening. “Alignment can be achieved only when all parties feel they can express their point of view and it will be heard,” says Nierenberg. “The most important way to foster listening within an organization is to model it yourself as the boss.” The Music Paradigm has built a successful track record through sheer word of mouth, but Nierenberg decided to write Maestro because so many people leaving his sessions suggested he do just that. “There’s only so much time in a performance setting,” he says, “and people were hungry for more. They were also eager to share the experience with their colleagues who hadn’t attended.” ON A MISSION Maestro’s main character is a boss on a mission to make his team better. “He MANAGERS’ CORNER TIPS thinks leadership is figuring out what needs to be done and telling people how to do it,” says Nierenberg, “and he’s surprised when this doesn’t get any traction with his high-level, veteran sales team. The problem is that he doesn’t have the authority because he hasn’t earned it. By PSYCHOLOGY SELLING SKILLS own view, and the mature leader develops enough imagination to place himself in that chair.” He recalls that as a young director, he would often give “helpful” advice to musicians and was surprised when they reacted with anger and resentment. “We “Leaders position themselves so that they can see how all the parts fit together.” watching a conductor, he realizes that he is leaving a leadership vacuum because, time and time again, he has missed opportunities to listen.” Nierenberg believes many bosses are like Maestro’s hapless protagonist in that they “issue directions without understanding that the people who have to execute those directions are living in a different reality.” As Nierenberg explains, “From the chair, everyone has his or her think there’s something wrong with the players; why can’t they see it our way and just do what we tell them to?” he says. “The answer is that they’re not seeing what we’re seeing. 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For more information about joining our 1700-member sales force, visit HeartlandPaymentSystems.com, call 866-429-7570 or e-mail [email protected]. We are proud to be an equal opportunity employer. H eartlan d P a y m ent Sy s t em s .com /car eer s For more information, visit www.sellingpower.com/advertisers. essentials MANAGERS’ CORNER TIPS PSYCHOLOGY SELLING SKILLS Studies show that the more attentive and alert you are, the more information you will retain. Are You Listening? Salespeople often think of themselves as being good talkers instead of good listeners. The common misconception is that selling is telling or telling is selling. The truth is that more than 50 percent of selling is listening. Many salespeople are never adequately trained to listen. In addition, most people view listening as the passive side of the conversation; being in control means being the speaker. Of the many ways to increase your sales performance, however, one of the most significant is listening. Learn to listen to your client. Take a break from being the speaker. The following eight steps will start you on your way to becoming a better listener in a sales situation. The better your listening skills, the more closing opportunities you will hear. 1. A good listener will repeat and clarify information. A great deal of information is lost through one-way communication. This is common in sales and results in frequent misunderstandings. Two-way communication is much better. Work with your client in trying to put the most information to use in the best possible way. A deeper facet of communication, congruency, is also important. Congruency provides two-way communication through interaction between the speaker and the listener, because the listener 34 MAY/JUNE 2010 SELLING POWER TIM ROBINSON Eight steps to positive listening skills that can improve your sales What you get by achieving your goals is not as important as learns to listen to the emotions to reach a point of trust with the speaker. Many salespeople deal with the same types of people day in and day out. In order to achieve congruency, repeat and clarify information and also summarize points for your client. This lets your client know that you are paying attention and have reached the same level of understanding in the conversation. 2. A good listener listens to a client at the optimal tension level. Stress is usually measured on a bell-shaped curve of 0 to 100, with 0 as a very relaxed state and 100 as an anxiety state at which some people may experience difficulty in thinking logically. The optimal listening tension is in the 30 to 40 range, where enthusiasm thrives. You feel good when there is just enough stress to cause you to produce and achieve. A good way to keep yourself attentive, gain more information, and be a better listener is to keep alert. Grip the edge of your chair or stand up if possible. Studies show that the more attentive and alert you are, the more information you will retain. 3. A good listener exchanges information. Good salespeople know that you can’t sell unless you find a need, and to find a need you must know how to ask questions. A good listener doesn’t ask too many questions, however. Give prospects the reasons why you want to know something. Simply give them past experiences. good idea Don’t just talk. Exchange information. Your chances of getting the right information will be greatly enhanced. You will also develop trust and empathy with your client. 4. A good listener adjusts to emotionladen words. You have a holding tank of words that trigger emotions. These are words that cause you to stop listening and focus on a bad or good experience, such as inflation, bills, vacation, interest rates, etc. These words all conjure up intense feelings. They also distract you from your client’s needs. A good way to avoid falling into the emotions that these words evoke is to empathize with the client as to the reason he or she is using the word. Listen to the usage of that word what you become by achieving your goals. – Johann von Goethe from the client’s point of view, instead of reacting to it from your own. 5. A good listener hears the speaker out. We all dislike being interrupted. We all want to be heard and have a desire to say what is on our minds. A lot of clients go through the decision-making process by thinking aloud and may not reach a decision until they finish talking. How many times have you cut in on clients, interrupting them before they have completed their thoughts? Find out what your client is trying to say first. When the time comes for you to respond, let the client catch his or her breath before you speak. This gives your client the idea that you are not only listening but also thinking about your response. 6. A poor listener listens to facts; a good listener listens to emotions. Theoretically, 20 percent of communication is strictly facts and 80 percent is emotion – the emotion that we all have and put into every thought. If you are only listening to the facts, you are only receiving 20 percent of the conversation. Listen for the emotions in your client’s conversation, and you can receive the entire message. 7. A good listener prepares for a conversation. Have an outline of previous conversations in front of you when you talk. It gives you a good idea of other questions to ask and allows you to put information into a logical and flowing framework for ready referral. Keep eye contact with the speaker. Taking your eyes off your client to take notes is not only discourteous, but it also loses the rapport that you have built up. 8. A good listener adjusts thought speed to speech speed. We speak at approximately 200 words per minute. We think four times as fast. A poor listener drifts off and easily becomes distracted. When you find yourself having a hard time paying attention, try to anticipate what your client is going to say next. Mentally summarize what has been said up to that point. Keep a mental bank of the main ideas that your client has made. Being a good listener takes work and practice. The end result of listening to your clients’ real needs? You can establish a closer relationship through deeper trust and understanding. This makes the listening effort well worth your while. – ABNER LITTEL SELLING POWER MAY/JUNE 2010 35 Transforming Sales. One Rep at a Time. Sales heroes wanted. OneSource iSell™ delivers hot prospects, highlights key sales triggers and enables social selling. > Try it Free: 866.325.8143 OneSource.com/Hero Millions of executive contacts & emails, company profiles, news, industry information, sales triggers, and social selling powered by LiveContent™. Taking Sales 2.0 to the next level. For more information, visit www.sellingpower.com/advertisers. train A Hands-on Guide for Sales Managers your sales team JIM FRAZIER/CORBIS Based on a conversation with Ryan Kubacki How to Use the New Intuitive Model to Sell Ryan Kubacki of Holden International explains The Changing Role of the Sales Professional Traditionally, the primary role of the sales professional has been to provide information. The act of selling has consisted largely of providing information to prospects and then, based on this information, convincing them to buy. This sales methodology worked because such information as product-configuration data was scarce and difficult for customers to obtain. Today, however, information is not just plentiful but available directly to customers in overwhelming amounts. As a result, customers no longer value sales professionals as information providers. Not only are customers and prospects likely to be as well informed as the person selling to them, but they may actually resent being provided with additional but unwanted information. Sales professionals are moving away from the information-provider role and instead seek to be regarded as trusted advisors who provide business value. This kind of sales methodology requires less emphasis on the gathering and dissemination of information and more on creating insight and developing the intuition that can help customers solve knotty business problems. This article is based on a conversation with Ryan Kubacki, president of Holden International, a sales-consulting firm that offers sales training, software/e-learning, and sales leadership/coaching. Kubacki was formerly employed at the Microsoft Corporation, where he directed sales operations and field marketing for an 18-state region with a $1.4 billion quota. He can be reached at Holden International, 20 Executive Ct., Suite 1, South Barrington, IL, 60010. Tel: 847/852-2400 Web: www.holdenintl.com The Changing Role of the Sales Technology Traditionally, sales technologies such as CRM primarily helped companies track opportunities. At the same time, corporate SELLING POWER MAY/JUNE 2010 37 train FAQs Q: How can I find the time to think strategically when I’m working at full speed to close business? A: It’s a matter of prioritization. If you are willing to spend the time to rethink your approach, you’ll find that closing business will require less time, and the amount of your average sale will go up. Q: How can I convince my management to simplify our metrics? A: The irrelevant metrics and associated data gathering were probably imposed in a well-meaning if misguided attempt to improve productivity. If you’re going to ignore them, you’ll need to consistently exceed your sales targets, at which point your management will probably no longer care about those metrics because they’ll be rendered largely irrelevant. Q: Are you saying that we shouldn’t be presenting information to the customer? A: Not exactly. Information still plays a role in providing credibility and background to your insight and wisdom. The thrust of your interaction with the customer, however, occurs at the higher level, where your business acumen is more important than the fact at your fingertips. Q: How does Sales 2.0 influence sales intuition? A: Sales 2.0 is a tremendous opportunity for sellers who can make the transition from information conveyer to trusted business advisor. Be forewarned, though: Sellers who are not able to make the transition will further decrease their effectiveness and relevance to the customer. and competitive databases helped sales reps and their marketing-support teams build sets of information, such as buying guides, intended to help customers make informed decisions. That information, often closely guarded, was a key element of the sales professional’s value to the customer. Today, however, sales professionals have many more sources of information than ever before. They can mine CRM databases, contact databases, news databases, social networks, and so forth, in order to learn more about competitors, prospects, and customers. But just as customers are likely to be overwhelmed by information, sales professionals now have so much data at their fingertips that it’s often unclear what data is important. As a result, sales professionals must move away from using information as a tactic and instead use it strategically. Under an intuitive sales approach, conveying information becomes less important than providing the customer with fresh insight and perspective. 38 MAY/JUNE 2010 SELLING POWER What Is Intuitive Selling? To sell intuitively, sales professionals must make the transition from information conveyer to trusted business advisor. An intuitive sales methodology does not emphasize computer data and information, but human-generated insight and wisdom based on that data and information (see Quick Tips for Your Next Training Session). This intuition underpins everything that the sales rep does, including account planning, making sales calls, developing opportunities, and cultivating entire territories. Here is a five-step program to implement an intuitive sales methodology: Step #1: Adopt and coach a strategic sales methodology. Many sales-training programs emphasize a tactical approach, emphasizing sales pitches, presentations, and closing techniques that are better suited to the information provider than to the trusted business advisor. In order to sell intuitively, a sales organization must adopt a sales methodology that emphasizes strategic sell- ing behaviors, such as asking successful questions, diagnosing and clarifying customer needs, and thinking strategically about opportunities, accounts, and territories. Ideally, it should provide a vehicle and methodology for communicating insights in a manner that’s succinct and understandable to the prospect. In addition, it should be simple enough that sales managers can easily coach sales reps on the effective use of the methodology in a variety of selling situations. Step #2: Implement dynamic account planning. Many sales processes involve the creation of an extensive document at the beginning of the sales cycle, which collates all the available information about an account in the hopes that some particular nugget might prove useful. It is not unusual for teams selling to large accounts to create account plans that are dozens of pages long. Such documents are marginally useful because they are too long to read and digest. In addition, updating such a document is so daunting, its users tend to simply keep adding information as it’s gathered, regardless of whether that information is relevant. In order to create the conditions in which intuitive selling is possible, it’s better to create a dynamic account plan that’s short enough to be easily understood and, just as important, easily and quickly updated. Such account plans are usually two pages or fewer in length and focus on only information that is key to gaining insight into the account. Step #3: Utilize software that makes strategic thinking easier. While it takes human intelligence to distill insight from information, many sales professionals lack the skill and experience to determine what information is most important and therefore most likely to lead to valuable insights. Unfortunately, CRM, like traditional account plans, tends to become a repository for all available information, rather than for the information that is most relevant. If Sales 2.0 is implemented with the same “capture everything” attitude, technology such as social media and sales portals can actuq continued on page 40 SALES MANAGER’S T R A I N I N G G U I D E At Your Next Sales Meeting Below are 14 practical steps to help your team sell intuitively. This meeting should take about 30 minutes. 1. Prior to the meeting, write a case study on a typical prospect. This should include a corporate history, information about his or her organization, brief executive biographies, and at least a page of financial data. Note: To facilitate this write-up, go to www.sec .gov, click on “Search for Company Filings,” and locate the 10-K report for a competitor of one of your larger customers. Make copies of your case study to distribute to your team, as well as one copy for yourself. 2. Also prior to the meeting, create a slide on the levels of business knowledge discussed in Quick Tips for Your Next Training Session. 3. Set up the meeting room in classroom style. Make sure that every participant (including yourself) will have a colored highlighting pen. 4. Open the meeting with enthusiasm. Explain that the team will be learning how to sell intuitively by using insight and wisdom, rather than information, to develop the opportunity and move the sale forward. 5. Distribute the case study and give team members three to five minutes to read it. Ask each team member to highlight the information he or she believes is relevant to selling to that prospect. Do the same with your own copy, but mark only the three to five most important items, based on your own judgment. 6. Once everyone is finished, ask the participants to hold up their copies so that you can see how densely they’ve marked up the pages. Select the person who has the most color on his or her case study and ask why that person marked those items. 7. Afterward, show your own copy, pointing out that you marked far less than almost everyone else. Explain that you marked sparsely because, in your judgment, those items of information were most likely to underpin insights about the prospect’s business and company politics. 8. Show your team the first slide and explain the basic difference between data, information, insight, and wisdom. Explain how too much information can get in the way of uncovering insights and hinder the wisdom to act on those insights. 9. Have your team reread the portions of the case study that you deemed to be particularly important. Now ask everyone to come up with a compelling reason why that prospect (the firm) and a particular individual (one of the people named in the case study) would be interested in buying your firm’s offering. Tell participants that they have 10 minutes to complete this task. 10. While the participants are writing, use your experience to write a single-sentence description of why that individual at the prospect firm would be interested in purchasing from your company. Make the value proposition compelling, according to your best guess at that individual’s personal motivations, e.g., “The CFO will support the purchase because reducing costs will position him to become CEO at a competitor’s firm.” 11. Ask a volunteer to read his or her compelling reason to the rest of the participants. In the unlikely case that the reason is short, i.e., a oneliner like yours, praise the participant and move to another. Once you’ve got a long one, thank the participants for sharing. 12. Read your own one-line description. Admit that you’ve taken some latitude with the exercise to make the point that insight is always succinct, even when the information supporting it is exhaustive. 13. Give the participants a homework assignment to go through the account plans of their three largest opportunities and reduce them to two pages or fewer. Ask them to include simple statements of what’s going on in the account, what’s really important, and what they intend to do to take advantage of it. 14. End the meeting by thanking the team for participating, and commit to reviewing the participants’ plans one-on-one. SELLING POWER MAY/JUNE 2010 39 train qcontinued from page 38 ally make this problem worse. The sales team will become overwhelmed with information, making it more difficult to focus on what’s likely to be important to each customer. Sales technology should be implemented in a way that helps sales teams build insight, rather than simply collect data. To do this, the software should provide at least a basic level of automatic data analysis – extracting and comparing what’s likely to be important and hiding what’s likely irrelevant. Step #4: Build time into the schedule to think strategically. Even with the assistance of software, intuition and the building of plans to take advantage of it require human intelligence, creativity, and attention. Unfortunately, many sales organizations (and indeed the people who work in them) have adopted an extremely proactive sales model that emphasizes direct and frequent contact with the prospect. This is often at the expense of time that could be better spent in more thoughtful activities, such as planning. Ironically, when selling as a trusted Quick Tips for Your Next Training Session To sell intuitively, it helps to think about business knowledge as a knowledge continuum. Holden International defines this knowledge continuum as a hierarchy, with data at the lowest level and wisdom at the highest. LEVEL 1: DATA. This level consists of points in a domain, the sort of material that’s typically provided as the result of searching the Internet or various databases. LEVEL 2: INFORMATION. At this level, the data has context and purpose. The data points make sense in relation to each other and begin to tell a simple story. LEVEL 3: INSIGHT. Human creativity begins to come into play. A human understands and decides what’s important and what the information actually means. LEVEL 4: WISDOM. Human creativity is now predominant. Based on experience and insight, the human decides what needs to be done to accomplish a goal. Envision success! Shake off the strictures of a sales effort lacking in creativity and insight. Read “Logic Plus Intuition Can Solve Problems” at www .sellingpower.com/mayjun10. QUICK TIPS FOR YOUR NEXT SALES MEETING Selling intuitively involves thinking about sales engagements in different and often unconventional ways. Here are two examples: CUSTOMER POLITICS Tactical selling – The sales rep acquires or builds an organization chart showing roles and responsibilities and documents how purchasing decisions are made. The rep then calls on the various powers that be who have official authority, according to the organization’s structure and defined roles. Intuitive selling – The sales rep looks for one or more influential bodies of closely networked people who informally make the real decisions. (Holden International calls such networks “power bases.”) At the center of this network is a very powerful individual, but not necessarily at the top of the organization, who can work in exception to company policy and is rarely surprised by events. (Holden International calls this person a “fox.”) The reps find this individual and work with him or her to develop and close the opportunity. COMPETITIVE THREATS Tactical selling – The sales rep writes a proposal, closely matching the prospect’s RFP, showing how the rep’s product is more likely than the competitors’ products to fulfill the prospect’s perceived requirements. Intuitive selling – The sales rep works behind the scenes with a key influencer to change the buying criteria so that the RFP, when issued or reissued, reflects the strengths of the sales rep’s offering while simultaneously exposing the weaknesses of the competitive offerings. 40 MAY/JUNE 2010 SELLING POWER business advisor, it’s more important that every contact with the prospect be productive. That is only possible if the sales professional has insight and intuition, both into the account (so that the right people are involved in the meeting) and the prospect’s business (so that the seller’s offerings are positioned appropriately). This kind of deep understanding of a customer account cannot be created on the fly. Digesting relevant information, perceiving patterns, and determining the unique approach that will work in each unique selling situation require a sales professional’s time and effort. Sales management must provide sales professionals with enough time to focus on planning, researching, and thinking, rather than overvalue constant contact with the customer. Step #5: Only measure what’s important and strategic. Finally, sales organizations must change the way they measure themselves. A major unintended consequence of the computerization of the corporate world is that it’s now possible to measure sales processes and activities in myriad ways. This, however, creates the danger that the sales team will be flooded with metrics, most of which are not going to be helpful in developing accounts and closing sales. Specifically, sales organizations should measure not only lagging indicators, such as final results, but also leading indicators that are most likely to distill information into insight, such as time spent on research, coaching, and – GEOFFREY JAMES planning. 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For more information, visit www.sellingpower.com/advertisers. $'9(57,6(0(17 &21)(5(1&( ($67 6DOHV3URGXF -XQH5HQDLVVDQFH $%2877+(6$/(6&21)(5(1&( ļ&D=RA>AAJPK I=JUO=HAOOAIEJ=NO =J@?KJBANAJ?AO =J@PDEOS=O>UB=N KJAKBPDA>AOP 1DA?KJPAJP=J@ HA=NJEJC=>KQPPDA =LLHE?=PEKJKBJAS PA?DJKHKCEAOS=O CNA=P1KDA=NNA=H OQ??AOOOPKNEAOEO SD=PEPEO=HH=>KQP ²0LFKDHO0DVNH1DWLRQDO 6DOHV0DQDJHU7UDQV0RWLRQ 0HGLFDO,QF 7KLVLVWKHJDWKHULQJIRUIRUZDUGORRNLQJVDOHVDQGPDUNHWLQJOHDGHUV <RXZLOOOHDUQKRZWROHYHUDJHVDOHVRULHQWHG6DD6WHFKQRORJLHVVR\RXU EXVLQHVVUXQVIDVWHUEHWWHUDQGVPDUWHULQDQ\HFRQRPLFFOLPDWH$JHQGD VHVVLRQVZLOOUHYHDOLQQRYDWLYHVWUDWHJLHVWKDWPDNHWKHVDOHVF\FOHPRUH HIÀ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| 54 54 +44 '+ 4 4 ++ (= = 3ODWLQXP6SRQVRU = +2:725(*,67(5 5HJLVWHURQOLQHDWZZZVDOHVFRQIFRPERVWRQ 6SHFLDO2IIHU&RPSOHWH\RXUUHJLVWUDWLRQE\-XQH XVLQJGLVFRXQWFRGHVSPDJDQGVDYH 5HJLVWUDWLRQ&RQWDFW*URXSGLVFRXQWVDUHDYDLODEOH3OHDVHHPDLO UHVHUYDWLRQTXHVWLRQVWR7UDYLV.LQJDWHYHQWV#VDOHVGRWWZRLQFFRP )ROORZXVRQ7ZLWWHU#VDOHVFRQI 6SRQVRUVKLS&RQWDFW )RULQIRUPDWLRQRQ VSRQVRUVKLSRSSRUWXQLWLHV ODULVVD#VDOHVGRWWZRLQFFRP RUFDOO By Malcolm Fleschner ement Get it together for better sales DO YOU HAVE A DREAM SALES STORY? A tale of one opportunity when, at every step of the way, your timing was impeccable, your analysis of the customer’s complex problem was spot on, and your ingenious, wellcrafted solution was welcomed by a client so eager to get started that the price tag became little more than an afterthought? Only one such story? Well, you’ll have to do better than that to improve sales results today. At one time, credit for that dream sale would fall almost entirely on the rep – a tribute to one’s hard work, persistence, charisma, “closing prowess” – a true triumph of individual effort. But in today’s sales environment, when a single, complex sale often depends on multiple moving parts operating together with the precision of a high-performance race car, the one-man show has ceded ground to another critical element of sales success: collaboration. During a 25-year, globe-spanning career, salesforce.com president of worldwide sales and chief customer officer Jim Steele experienced dozens of dream-sale successes. Reflecting on these experiences, he describes the finely tuned, sales-collaboration process in almost reverent terms. MIKE QUON/CORBIS SELLING POWER MAY/JUNE 2010 45 “When you have seamless teamwork,” he says, “and you bring the best experts, the best collateral and content, and the best strategy in front of a customer, when the bells and whistles all go off and everything executes perfectly and you claim victory, that’s just a beautiful thing.” Steele says that when he meets with sales leaders around the globe, he hears one common concern: how to take these all-tooinfrequent, seamless collaborative sales experiences and institutionalize them to hit that perfect selling stride every time instead of just one time in ten or one in 100. “I used to believe that sales was more art than science,” he says, “but now I believe that sales is something you can turn into a science. There is a formula that works if you bring all the right people together and the right information is flowing to them. That’s what collaboration is – making sure that all the people who can are helping you to get the deal done, and that means the internal team as well as partners on the outside, whether they are a third party who’s helping you to win or your advocates within the prospect organization.” According to Morten Hansen, a UC Berkeley professor and author of Collaboration: How Leaders Avoid the Traps, Create Unity and Reap Big Results (Harvard Business Press, 2009), the potential for collaborative selling to take place depends greatly on how a sales organization approaches its customer relationships. “When you look at these interactions, there is a collaboration pyramid you can go through,” he says. “At the very bottom, it is very transaction-oriented – request for proposal [RFP], pur- &'(')*+ ,!,,,",!," $ )##$ -!" #"!#$ finesse their needs, there is some back-andforth, but it’s only a minimal level of collaboration. Many companies are stuck in this middle level of the pyramid.” The apex is where true, mutually beneficial collaboration with the customer takes place, Hansen says. That’s where the salesperson is exploring for underlying pain points – problems customers may not even be aware of themselves and are certainly not likely to express to the salesperson. At this level, the customer’s expressed need represents just the launching point for a larger examination aimed at uncovering more deep-seated, systemic business concerns. “When customers come to you with a specific need, they’ve already identified you as potentially addressing that need,” Hansen says. “So if you sell routers, customers who believe they need routers will come to you. But pain points are very different. The pain point may not be routers, it may be that the customer has a lousy CRM system and believes that new routers will make it better. To discover those pain points, you need to live with the customers, embed yourself with them, be on their premises and collaborate on multiple levels. Only that way can don’t know what the underlying needs are. So if you’re selling into a manufacturing plant, for example, then you have to get inside and walk the factory floor, talk to the foreman, talk to the manager running the plant – gain as many access points as you can. Admittedly, this can be a challenge, but if you don’t ask, if you don’t try, you’re not going to get in, either.” By applying expertise and an outside perspective to the challenges facing the customer organization, a collaborative salesperson can often craft a unique response, the kind of solution that salespeople lower on the pyramid who are going through the traditional RFP dance would never devise. But as Hansen cautions, for this process to be successful, there must also be effective internal collaboration within the selling organization. “As you come up with these solutions, you have to think differently. You need colleagues to help you, you have to walk across the organization, you have to call in favors, and you need other people to work with you,” he says. Steele likens the job of the salesperson leading this collaborative exercise to the role played by a quarterback. Because just as in football, he says, success in collaborative selling involves many different players executing specific roles with precision timing, and just one missed assignment or breakdown in communication can undermine the entire effort. “Much like the QB, the rep is directing everyone on the field, analyzing the defense, taking in and synthesizing information from the coaching staff, looking to exploit any weaknesses,” he !" # $% chase order, then quote. The customers dictate what they want; they’re looking for vendors, and you just have to provide a quote. That’s the bottom of the pyramid, where the collaboration is almost zero.” On the next level of the pyramid, Hansen says, the customer expresses a need and then asks whether the vendor organization can offer a solution or product spec. “Even though the customers are not issuing RFPs, [their requests are] still need-based, and the customers are in the driver’s seat because everything revolves around what they want, or at least what they think they want,” he says. “As you help them tweak, refine, and 46 !"#"!"# $%&' you understand what they’re actually going through and craft a solution.” Hansen acknowledges that this “archaeological” approach to selling, which has sales professionals digging into customer organizations to unearth pain points, represents a marked departure from traditional sales practices. But true collaboration means breaking out of that comfort zone to talk with people who would normally not appear on the selling radar, he explains. “You can’t limit yourself to talking to the purchasing people,” he says, “because they says. “You huddle up, set your plan, and then execute. In the same way, salespeople have to quickly respond to the market conditions that are changing in real time. But unfortunately, today the way a lot of sales organizations approach collaboration would be like the quarterback having to hold a separate huddle with each of his teammates before every play.” And what’s the number one technological factor enabling all those extra huddles? Email. “Email is a terrible collaborative tool because it’s point-to-point, and users are forced to passively depend on someone &, ! 7 5: 4 ++4 40 *+0 , + +, + -+ 0 +, -/ + + * +,+ + 4 +, +, 4 + +- - -+ <) 5 , - !-+ - 4 / *+ >+ + .8 , + +, - - *+ *+ , */ - + + +3 2, "+/!0+4/. 5 2 * - 44 + , + *4 +, 404 - * - 8 ,+, * - + +, 404/ --8 + +,+ + ,, ++ +, +,8 *- +,+ , - % * + + 0 +, + + 4 , + 4+- +, *+ 4 * + , , *+/-4 +++4 2, .4 5 2, 4*+ +,+ ++ 4+ + */ + )/) >+0 0 +, ++ + $ else to send them information that relates to a customer situation,” Steele says. “Plus, it’s a huge burden to search for related material. Not to mention the sheer volume involved. If you’re like me, you receive three hundred to four hundred emails a day, of which only about twenty actually matter.” ., Meanwhile, Steele says, email is only being kept alive as a collaborative tool by old-schoolers hopelessly clinging to yesterday’s communication methods. Every year, he says, a new crop of young people enters the workforce, young people who consider email as quaint as a record player, a manual typewriter, or a VCR. “You talk to any fifteen to twenty-five year old, none of them use email except when he or she shows up at a job and is forced to,” he says. “Social networking has changed the way people collaborate.” Partially in recognition of email’s shortcomings, Steele says, salesforce.com began development of a more effective collaborative sales tool that would encourage a rapid, targeted exchange of information among key players within specified accounts. “Our clients are always asking me how to get information into the hands of their customer-facing people faster so that they can listen to customers and then quickly devise solutions for them,” Steele says. “It’s all about speed, about having that edge, and customers were saying, ‘It’s a real-time environment out there, and we’re still stuck in an 4 8 }.8 + , ~ !+0 +,+ ++ 4 +, - >, - -/ + 4 4 ! +, 8 + * -4 - 4 + 4 + ++ +/ + *- *+0 --+ 9 2, , 5 < +, -+ + *8 ,, 40 * 4/ 04 , + *+8 +, , * 4 * +, ++ *+ + */ + 8 , 4+ *+ + *8 -+ 048 4 - + * + , --+ + -+ + -, + ( 2, 2- 5 0 - 4--+ + , 4 + ++, - - , 2, *8 . 8 -+ +, 4--+ - +-/ /4 }++~ 4 >+ +,+ + + 4 + 4 +, $$+ ++ email-based world where, unless you’re copied on something or you think to ask somebody, you can be in the dark about all sorts of things going on in an account.’” The salesforce.com solution, called Chatter, is a collaborative tool Steele refers to as a “Facebook for the enterprise.” With Chatter, he says, everyone involved in an account can share information and view updates to any activities affecting that account as they occur in real time. As a result, he says, salespeople can make decisions based on the most current information possible, just like the quarterback who can change a play at the line of scrimmage if he spots a weakness in the defense. “Here’s an example from my own experience,” he says. “I was going to meet with the CEO of a company in LA, so I went on Chatter. Just like Facebook, it asks, ‘What are you doing right now?’ So I put in that I was on my way to LA to call on this CEO, and within five minutes I received a message from the VP of marketing, who said, ‘I just met with those guys last week. They have a really interesting scenario that I think we have a great solution for,’ and he attached a link with more details. Within an hour, ten other people weighed in, which gave me a terrific, cross-functional view of )*+ 3 +, )0+ % &,+ + *+ +4: 2, 4 + +, + +,+8 *4 +, + + +, 4/, +8 / + +- -- +4 * ++ - + 4 +, +8 0 *+8 4 + +, + , + , +,+ ++8 ,08 + - 4+ - 44 4 ,- / + -- + , -+ + 4 - + , + +, 0 + &* / + ,0 + +, * }2++ 4 >8~ + }&, ! * 2++8 + -+ 8 & 4+ + + +, +,+ 2,+ , ! 8 . , 4 + , +,8 4 ! +, + +, 2++ , *>8 4 - 44 +, 4 - 2++ + +, 4+ 4 0~ 2++8 + 8 04 4 +- - ,+ , }* ++8~ + - * +,+ * +, + - + - + , , *4 > +, +, 4 +, * + &*/*4 -+ +, 4 44 +, ,/ + }$ ++ + 8 7,8 +,+ / & + 4 * +, +,8 4 + + 8~ + }!- +, + +4 + +,+8 + * + , +, +, +0 + * 4 *+ 8 4 + 4- 5+ * 4- , - 44 + + 40 +++4 +4 +, 2++~ what was going on at this particular account and a lot of great ideas for what I could talk to the CEO about. During the meeting, it made me look a lot smarter about what was going on.” ' Thanks to Chatter, Steele says, he can stay informed about the top 20 or so strategic accounts he follows without having to wait for emails or needing to chase down team members for updates. “Anything that’s happening in the world with anyone on this account, whether it’s a person trying to collect a bill, a service person taking a support call from the customer, a milestone we’ve hit, or any other activity, I get an alert from the system that lets me know about the status change,” he says. “I’m not relying on a person to tell me, and the result is that people don’t get stuck in their own little bubbles. They now have the power to collaborate across the company.” In addition to internal collaboration, technology today also plays a key role in promoting effective collaboration with the customer. Jeff Williams, the VP of sales and development for FireEye, a malwareprotection systems company, and former global vice president of sales for innovative technologies at Cisco Systems, raves 48 !"#"!"# $%&' + , + + *4 +, / 04 +8 + *+ +8 *+ *+ +, *+ ++ - + + + 4 +, + + * 4 }2 8 +, - +/0 ++0 ++ * +, ,4/ + 8 + ,+ ,44 8~ + }5+ +48 +, + - +, + - -+ *+ 4+ 4 0 - +, +, &*+ * $ 4 +, + +, + -+ + #8 6*8 2++ +4 - + +, 8 * +, +,+ +, + + + /+4 - +, ~ ! 8 + - 4 +,+ + 4 +, ++ + + +, /+/ +- + 4 + -+ * } + + ,0 + +,+ 00 4+ - + 4--+ 8 , , ++ +, , +, #8~ , } * +, / + + + 8 . 4 ! , 5++, ,4+ - + , - 7: !4/ 048 +, - +, ,+ ,0 +, 8 + + + +, + - - & + + +,+ ,0 +, * 4 *+ 8 ,+, + - +, / + + , 8 4 + / 4+ + + 4 +, ++0~ about the way WebEx offers the ability to “touch” the customer in a more powerful way, frequently and with real data. “By now prospects and vendors have gotten used to WebEx,” Williams says. “It’s extremely proficient. You’re on and off within an hour compared to meeting in person, which involves all that travel time and expense; and the meetings usually run long, so there’s lost productivity on the other end. Generally, we’ve driven a model of using WebEx to qualify opportunities. In sixty minutes, you will know if your technology solves the problem that the customer is experiencing. So then it makes sense to take the next step with an in-person meeting or evaluation.” In the past, once the decision to move forward with an evaluation was made, the fast-paced collaborative process would often hit a patch of quicksand. This was particularly true in the software industry, Williams says, where companies typically mailed out boxes containing physical evaluation units for the customer to install and, assuming the installation worked, test out. ." The downsides to this approach were many, including the shipping costs, the time and effort involved when a field tech had to be sent to the customer’s location to perform the installation and, perhaps most important, the loss of control of the sales process while the prospect took the reins of the evaluation. The solution at Cisco, Williams says, has been to get rid of the boxes altogether by replacing the physical evaluation units with CloudShare, a Software-as-a-Service solution that helps maintain the collaborative flow from the qualification step through the evaluation. “The evaluation is where the customer validates the product’s performance, efficacy, scalability, and all the other things and says, ‘Is this solution superior to my current solution, and does it solve a real-world problem?’” he says. “With CloudShare, we can automate the process and do a virtual evaluation that gets customers up and running in a day, and they can’t tell the difference. It’s a virtual image of the appliance.” This is the point where the collaborative element kicks in, he says, as the seller organization virtually monitors and manages the evaluation online. “You can see when customers logged in, what features they tested, find out whether they’re driving traffic through it, and so on,” Williams explains. “So if there’s a thirty-day evaluation and there’s no progress, you can call the customer and say, ‘Do you need help? Are you struggling?’ You couldn’t do that before. And as a result, we reduced our sales cycle about 40 percent, which is huge, while our cost structure went down 27 percent.” While Hansen shares Williams’s and Steele’s enthusiasm for technology’s role in the collaborative sales process – well, mostly, anyway – he cautions against becoming so dependent on these tools that the human element gets lost. “As a sales guy,” he says, “today you can have eight made more sense to provide sales compensation, bonuses, and other incentives based on individual achievement. But for today, he recommends a mix of group and individual performance drivers. “You might have an individual component that’s 50 percent of the compensation structure, and the other might be 50 percent based on what the group achieves,” he says. “And that can be tweaked to encourage cross selling, but essentially what you’re looking for is a way to reward salespeople for doing well on their own, as well as for helping their own competitive advantage can’t dillydally over purchasing decisions. “What I’ve seen over the last two years is that people want to drive down the decisionmaking time frame,” Williams says. “There’s no question that vendors want a shorter sales cycle, and they’re driving their half of this collaboration because they have smaller teams and are less inclined to take in-person meetings, and these new applications, such as salesforce .com and Cloudshare, establish and promote a level of trust and collaboration that were not here just a few years ago.” " " $% teleconferences with customers, when before you might have only been able to do one in-person meeting. That’s terrific. But you can fall into the trap of overdoing it. Silicon Valley and other vendors tend to overstate the power of these tools. The most important thing to get across is that they don’t replace face-to-face interaction with your customers, particularly in the beginning. You develop the relationship face-to-face, not over the phone, not online, and you establish the trust and build the rapport. Then these tools can help you augment the relationship.” ! As companies shift their efforts to foster increased collaboration, Hansen cautions that they frequently encounter new, sometimes unanticipated obstacles that can derail the entire process. Lack of leadership commitment, poorly communicated objectives, and even too much collaboration are just a few he describes. But in the sales environment, he says, the greatest and most common obstacle to effective collaboration is the traditional sales-compensation structure. “To collaborate, the members of your team have to want to help each other,” Hansen says. “But in many organizations, there is no incentive for people to provide that help. In the case of salespeople, for whom individual performance is compensated, they may even be competing against one another. So if another sales representative comes looking for assistance, you may think, ‘Why should I help you? You’re just trying to take a piece of my pie.’” This sort of countercollaborative compensation structure is a relic from another era, Hansen suggests, a time when it colleagues to succeed. There are a number of companies doing this, and it’s quite effective.” '." These are all internal obstacles to collaborative selling, but what problems are sales organizations likely to encounter on the outside? Surely customers are raising their own objections, jealously guarding their information, drawing out the process, and otherwise gumming up the collaborative works, right? Not so much, ' /+!" " #"0 / !" 12 , 3 12'" 1 % $ $45"67$ says Williams, who notes that customers today are actually gung ho about the opportunity to collaborate. “I’ve been in sales for twenty years, and during that time the landscape has changed,” he says. “The down economy has furthered this process because, frankly, companies are trying to drive expenses out of their sales approach. Customers don’t have as many IT staff, so they’re looking for an efficient way to collaborate with vendors. They simply can’t afford to meet with every vendor on earth and do physical evaluations, so that’s why they’re embracing solutions like CloudShare.” The hyperaccelerated advance of technology is also playing a role, Williams says, by creating a newfound sense of urgency. Customers seeking to gain their Frankly, Hansen says, in the current landscape, sales organizations don’t have much choice in whether or not they adopt a more collaborative sales strategy. Customer needs, advancing technology, the ongoing recession, and competitors chomping at the bit simply won’t allow it. (& “When times are good and everybody is selling, selling, selling, you can still get away with operating at the bottom of the pyramid,” he says. “But that was in 2006; this is now. Customers are taking a hard look, and they want something different. Whether [this new sales strategy] goes by such labels as ‘being more customer-centric,’ ‘having just one face to the customer,’ ‘becoming co-innovators with customers,’ or ‘moving up the value ladder,’ it’s about collaborating externally with the customer and inside with the rest of your organization to make things happen.” Williams agrees, adding that the effective path forward will likely involve synthesizing elements of the traditional back and forth between salespeople and customers with the new high-speed, high-tech, collaborative dynamic. “It’s all about balance,” he says. “There has to be a healthy blend of enough local field resources where you can go and still establish that old-fashioned relationship with the customer. That is still absolutely critical, and I make no claims that it will ever go away. Strategic, largeenterprise customers will always want to be handheld through the process. But there has also been a paradigm shift, and customers today are demanding more collaborative tools. And they’re getting them – if not from you, then from your competitor.” • !"# $%&'!"#" 49 +RZWRKDUQHVVWKH SRZHURIWKHQHZ DQGPXFKPRUHLPSRUWDQW SXUFKDVLQJPDQDJHU +HUH·VELJQHZV3XUFKDVLQJPDQDJHUVDUHDOLYHDQGZHOODOEHLWXQGHUD QXPEHU RI GLIIHUHQW WLWOHV /RRN IRU WKHP XQGHU ´FKLHI SURFXUHPHQW RIILFHUµRU ´JOREDO VXSSO\FKDLQ PDQDJHUµ $QG GRQ·W SUHVV WKH GRZQ EXWWRQRQWKHHOHYDWRUEHFDXVHWKH\·UHQRWVWXFNLQVRPHFXEE\KROHEHORZ JURXQG7KH\·UHULJKWQH[WWRWKH&VXLWHDQGWKH\ZLHOGWUHPHQGRXV SRZHUWKHVHGD\V%XWWKH\FDQDOVRKHOS\RXPDNH\RXUVDOHVRLW·V ZRUWKJHWWLQJDFTXDLQWHGZLWKWKHVHVWUDWHJLFSOD\HUVLQWKHEX\LQJSURFHVV %<+($7+(5%$/':,1 50 !"#"!"# $%&' !"#" 51 ´7KHUROHWKDWSXUFKDVLQJWHDPPHPEHUVDUH SOD\LQJQRZLVSUREDEO\EURDGHUGHHSHU DQGKDVPRUHLQIOXHQFHWKDQHYHUEHIRUHµ If you still view the purchasing manager as a basement dweller who executes the buying decisions of others and whose chief aim is to extract another 3 percent out of suppliers, it’s time to step into the twenty-first century. Today’s purchasing managers often sit within reach of the executive suite. They shoulder the responsibility of supplying the goods and services to meet an organization’s strategic objectives. They have letters behind their names designating them as supply professionals. And their titles have changed: Yesterday’s purchasing managers are today’s chief procurement officers and global supply-chain managers – titles that reflect the more strategic nature of their roles. In other words, if you’re still following the old Sales 101 advice and avoiding the purchasing department at all costs, you are greatly increasing your risk of losing sales. “Gone are the days of a purchasing professional’s sitting back and passively receiving requisitions or consolidating purchase :KDW·VLQD1DPH" ,QUHFRJQLWLRQRIWKHLQFUHDVLQJO\VWUDWHJLF UROH RI VXSSO\ PDQDJHPHQW WKH 1DWLRQDO $VVRFLDWLRQ RI 3XUFKDVLQJ 0DQDJHUV FKDQJHG LWV QDPH LQ WR WKH ,QVWLWXWH IRU6XSSO\0DQDJHPHQW,60$PHP EHUYRWHLQHDUO\RSHQHGPHPEHUVKLS LQWKHRUJDQL]DWLRQWRDQ\RQHZLWKDQLQWHU HVWLQVXSSO\PDQDJHPHQW²LQFOXGLQJVDOHV DQGDFFRXQWPDQDJHPHQW7RNHHSXSZLWK WKHWUHQGVLQVXSSO\YLVLWZZZLVPZV orders into blanket and system agreements,” wrote Joseph Cavinato, director of the A.T. Kearney Center for Strategic Supply Leadership, in a 2001 white paper. “Now companies have implemented a ‘supply’ philosophy, with high strategic value and in which supply professionals identify, acquire, access, position, and manage resources the organization needs or potentially needs in the attainment of its strategic objectives.” 75(1'< That trend, which has accelerated through the last decade, has enormous implications for salespeople. Consider the healthcare industry: Doctors made the purchasing decisions, writing what they needed on a prescription pad for the sales rep to take to the purchasing department. “Purchasing was a paper-pushing operation, and most relationships with suppliers were in individual departments,” recalls Michael Bohon, managing director of HealthCare Solutions Bureau and a veteran of the procurement business. “We just received requisitions to place the orders.” 52 !"#"!"# $%&' Today, the voice of procurement weighs heavily in buying decisions, and Bohon’s company is increasingly being called on to help hospitals create a position for a supply-chain VP, who will oversee the entire purchasing/logistics function. Doctors no longer scribble orders for a product on a script pad; rather, they must get that product onto a buying committee’s agenda, where the opinions of supply professionals who understand the hospital’s big-picture financial goals carry weight equal to those of the clinicians who will be using those products. Which means medical sales reps must now make it a priority to build relationships not only with doctors, but with key procurement leaders, as well. David Fritz, president of Growth Solutions Inc., a sales-effectiveness consulting firm based in Naperville, IL, works with a medical-device company that understands this new reality. The company’s reps often spend six to eight hours a day in surgeries teaching physicians how to use their devices, and at one time, those relationships were enough to cement future orders for their products. Today, the supplier’s reps don’t leave the hospital without also calling on the folks in procurement. They know that if they don’t communicate their value and build relationships there, too, they’ll be shut out of the next purchase decision. The healthcare industry and companies that sell products measured in units are not the only ones affected by this trend. Even those in harder-to-measure professions such as business services and sales consulting have been caught in the tsunami of supply-chain influence on organizational purchasing strategies. Fritz’s own firm is one of them. “Ten years ago, I never worked with purchasing,” he says, noting that he always went directly to the head of sales or the president of a business unit to close sales and execute contracts. Purchasing was an overlooked place in the back office where employees fought to get staples and paper towels for cheaper prices. &855(17/< That was then. Today, says Fritz, procurement professionals “facilitate the entire process” when it comes to making a purchase decision. They put together requests for proposals (RFPs), issue requests for information (RFIs), and hammer out the details of the contracts. Fritz now engages procurement as part of his selling strategy, ensuring that he builds relationships and communicates his value to procurement departments, just as he does to heads of sales and division presidents. John Holland, cofounder and principal of CustomerCentric Selling, recently worked with a business-to-business services organization that has experienced the same thing. “The trend it’s seen is that procurement isn’t only involved earlier in the decision, [but this team is] key in the buying committee,” says Holland. “The salespeople don’t just view procurement as [the department that] processes the order; they have to sell to procurement as related to the offering.” In short, you can no longer afford to skirt this increasingly important department. “Generally speaking,” says Growth Solutions’ David Fritz, “any salesperson who ignores purchasing incurs a greater risk of losing the business than if he or she views purchasing as a partner in the process.” Sales Performance International (SPI) CEO Keith Eades states it even more strongly: “It’s almost insane for sales organizations not to make procurement a part of their normal calling cycle or not target this department as people they need to sell to. If you wait until the RFP comes out and that’s the only time you talk to procurement, you’ll lose, statistically, more than 90 percent of the time.” If any of this comes as news, it’s probably because old perspectives, like old habits, die hard. The 1980s-era purchasing manager was all about price – and he or she would be the first to admit it. Carol Marks, VP of business management systems at Industrial Distribution Group (IDG) in Belmont, NC, recalls being interviewed for her first purchasing job nearly 30 years ago. The interviewer explained that one of the job requirements was the ability to beat up suppliers on price and asked if Marks thought she could handle that. “That was the mentality at the time,” she says. “The whole trick was to outwit or out-negotiate the supplier. We were more about order prevention than being recognized as an integral part of the organization.” Oh, how times change. Now Marks reports directly to the president and CEO of her organization and serves as an executive advisor to him. She takes a holistic approach to cost-cutting and builds strategic partnerships with suppliers. Technology plays an important role in her efforts. For instance, Marks’ enterprise resource planning software allows her to examine spend by category, not only on the price of a certain product, but the freight associated with shipping it, the carrying cost of maintaining it in inventory, the cost of disposing of it, and many other cost points. For Marks and other supply professionals, price is now only one of many variables in the cost/benefit equation – and it’s not necessarily the most important one. She says it can make sense to buy a higher-priced product if the total lifecycle cost of that product is lower. And sometimes even a higher-cost product can be justified for safety reasons or revenue impact. These are all elements of today’s much more complex buying equation – and they are elements salespeople need to understand if they want to do business with organizations employing sophisticated supply personnel. 675$7(*,&$//< This is not to say that procurement should leap ahead of other key players in the organization in terms of importance; you still need to determine who the decision makers and key influencers are. More and more, however, a procurement executive is likely to have a loud voice in the final decision. Also, just as you would research, say, a CEO’s or CIO’s hot buttons and come to a conversation prepared to discuss issues that are important to him or her, so, too, do you need to understand what’s important to the procurement professional and be prepared to discuss your offering in terms that will pique his or her interest. SPI is doing just that. Its sales force now embraces procurement as a key player in the buying process, connecting with this group early in the buying cycle, treating procurement personnel like businesspeople, and educating them on SPI’s value. The strategy is paying off. SPI recently won a multimilliondollar opportunity, and CEO Keith Eades credits the salesperson’s work with procurement as a major contributor to the win. “The role that purchasing team members are playing now is probably broader, deeper, and has more influence than ever before,” says Eades. “Rather than just administering a purchase, they’re answering, ‘Does this solve the business problem? Does it work? Is it right?’ And they’re staying involved longer after the purchase. I would describe them now as more internal consultants to the business functions they’re supporting.” So you may need to update your sales conversations to stand apart from the crowd. As IDG’s Marks concludes, the most effective salespeople arrive ready to communicate with her “businessperson to businessperson, which takes a new set of skills, but ones that will deliver what the future of purchasing and supply requires.” • +RZWR7DONWR3URFXUHPHQW &DURO0DUNV93RIEXVLQHVVPDQDJHPHQWV\VWHPVDW,QGXVWULDO'LVWULEXWLRQ*URXSLVRIWHQ FDOOHGXSRQWRWHDFKKHURZQRUJDQL]DWLRQ·VVDOHVSHRSOHKRZWRHQJDJHSURFXUHPHQWSURIHV VLRQDOV+HUHDUHVRPHRIKHUUHFRPPHQGDWLRQV 'LWFKWKHVOLGHV3XWDZD\\RXU3RZHU3RLQWVOLGHVDQGEURFKXUHVDQGLQVWHDGDUULYHUHDG\WR KDYHDEXVLQHVVFRQYHUVDWLRQ6XSSO\OHDGHUVDUHQ·WLQWHUHVWHGLQ\RXUIHDWXUHVDQGEHQHILWV WKH\·UHLQWHUHVWHGLQKRZ\RXFDQKHOSWKHPPHHWWKHLUREMHFWLYHV .QRZ\RXUVWXII%HDEOHWRSURYHTXLFNO\WKDW\RXKDYHUHDOH[SHUWLVHFDQWDNHDZD\DSUR FXUHPHQWPDQDJHU·VULVNIDFWRUVDUHFUHGLEOHDQGZLOOEHDVPDUWQHJRWLDWRU%ULQJLGHDVWKDW EHQHILWERWKWKHFXVWRPHU·VRUJDQL]DWLRQDQG\RXUV %HRSHQPLQGHG7KHEHVWUHSVFRPHLQVD\LQJ´,·PQRWVXUHWKHUH·VDILWEHWZHHQRXUWZR RUJDQL]DWLRQVEXW,·GORYHWRWDONWR\RXDERXWZKDWZH·YHGRQHIRURUJDQL]DWLRQVOLNH\RXUVµ 7KHQVXFFLQFWO\FRPPXQLFDWH\RXUNH\GHOLYHUDEOHV *HWLQHDUO\,I\RXZDLWXQWLODQ5)3LVLVVXHGWKHQ\RX·UHJRLQJWRKDYHDSULFHFRQYHUVDWLRQ$W WKDWSRLQWSURFXUHPHQWKDVDOUHDG\H[SORUHGZKDWLWZDQWVDQGQRZLVVLPSO\JRLQJWRPDWFK\RXU SULFHDQGFDSDELOLWLHVDJDLQVWWKRVHRIIHUHGE\WKHVXSSOLHUZKRJRWLQHDUO\DQGLQIOXHQFHGWKH5)3 !"# $%&'!"#" 53 54 !"#"!"# $%&' High-Level Access By Renee Houston Zemanski seat How to get a at the decision-making table IF YOU think you’re a consultant, a trusted advisor, and a strategic partner and you’re still calling on midlevel managers, we’ve got news for you: You are none of the above. But here’s the real news: Sales managers must find ways to get their people in to see the top brass if they want to see an improvement in sales results. “Buying and selling have changed dramatically,” says John McVeigh, president of Canadian operations and senior vice president of global sales for OC Tanner Recognition Company Ltd. (OCT), which delivers recognition strategies and programs to most of the Fortune 100 companies. “The last person executives want to see is a salesperson. Clients are looking for strategic advisors, and while a lot of salespeople think they are strategic advisors, what they’re really strategic about is selling. It’s not the same. Salespeople now have to have business acumen.” !"# $%&'!"#" 55 No Preconceptions Allowed “Most salespeople go into a call with a preconceived idea of what they want to sell,” continues McVeigh, who oversees 125 salespeople in North American, Canadian, and European regional offices. “They’ll ask three or four open-ended questions, figure out the clients’ pain, and then help them fix it; however, if they want to gain a seat at the decision makers’ table, they need to earn the right by understanding the clients’ industries and businesses and their challenges. Then they need to develop relevant ideas to help them get to their key success initiatives. “If you want your sales team to be an integral part of decision making and a true partner, you’ve got to make a total paradigm shift,” he adds. “It takes patience. You need to comprehend how decisions get made and who the decision makers are. It’s a different outlook.” This new outlook steps away from the traditional role of sales, as it shifts from the tactical and moves toward strategic planning. According to Marc Miller, president of Sogistics, a business development firm that specializes in sales-productivity improvement, in order to excel in sales today, you need to help grow a customer’s bottom line. Only when the customer wins big can a salesperson win big. Miller, also author of the aptly named book A Seat at the Table: How Top Salespeople Connect and Drive Decisions at the Executive Level (Greenleaf, May 2009) and the best seller, Selling is Dead: Moving Beyond Traditional Sales Roles and Practices to Revitalize Growth (Wiley, 2005), says that many salespeople consider themselves consultative when they really aren’t, and he blames this on a poor understanding of strategy. Think Long Term “Today’s salespeople are still stuck in the myopia of pain, problems, issues, and constraints,” says Miller. “They mistake strategic value for product value. Comparing the two is akin to comparing apples and oranges. Unfortunately, the sales-training world isn’t helping. It’s going down a different path, and it’s leading to a point where executives don’t want to meet with salespeople.” Miller explains that this is why many top executives farm out sales meetings to midlevel management. One problem: Midlevel management doesn’t always know the macrostrategies, or midlevel managers only know them until year-end. Strategic selling means you have to think two to three years out, says Miller. To plan for the future, Miller says that you need to understand the client’s organization and how it maintains a profitable growth. Only then can you see whether you can add value. That’s why Miller advises salespeople to stop selling. “For sales revenues to lift, selling must end and helping must begin,” he says. “Focus less on how you influence clients and more on how you impact their businesses. Shift from competing with other vendors to creating value for your client, and concentrate less on making a sale and more on making a difference. “You’re not doing PowerPoint or any kind of presentation at this level,” Miller continues. “You should be sitting down with a blank sheet of paper ready to discuss strategy and asking questions that make these executives think. Ask them how they need to change in the future, and ask about their strategies, innovations, and productivity. In a sense, ask them what they want to be when they grow up. At the end of that call, if you’ve stimulated discussion, you’ll get invited back.” Disrupt the Flow Miller says much of this sales strategy change has to do with five “disruptive elements,” or “new realities,” in today’s business world: transparency, standardization, reverse engineering, globalization, and divergent offerings. He describes transparency as the biggest of these. “Organizations can find out about your competition immediately by using a search-engine inquiry,” he explains. “Internet intellect is now far superior to a salesperson’s research, so buyers are doing their own research, which means they need salespeople even less.” Dolf Kahle, CEO of Visual Marking Systems, a company that designs, manufactures, and installs product identification such as labels, nameplates, and signs, agrees. “The amount of work that executives are expected to do today is double, even triple, of what it used to be,” he says. “They don’t have time for salespeople to show up at their doors and say, ‘Can I have a minute?’ You have to convince them you will bring something of value to the table, because they can get information in a minute at their fingertips.” So how do you gain access to the executives if executives don’t want to see you and don’t want advice? Sometimes you can’t start at the top; you have to work your way up. Just ask Mark Woodka, former vice president of sales for BEA/Flashline, (acquired by Oracle in 2008). Woodka remembers an opportunity with an airline reservation system company in which he The Strategy In his book A Seat at the Table: How Top Salespeople Connect and Drive Decisions at the Executive Level (Greenleaf, May 2009), Marc Miller describes FOCAS as a questioning model designed to help salespeople connect with executives. It’s covered in detail in the book, but here is an abbreviated version: Fact questions explain the facts of the buyer’s current situation. “What differentiates you from your competitors?” Objective questions identify and explore the buyer’s objectives – goals, visions, and aspirations. “If you could only accomplish two things this year, what would they be?” Concern questions investigate the prospect’s difficulties, concerns, and problems. “What are some of the more interesting problems you face because of your position as a thought leader in your industry?” Anchor questions broaden the discussion of issues raised via concern or objective questions, helping an executive see that narrow problems often have systemic consequences. “Are you concerned that negative publicity in that area might affect your stock price?” Solution questions develop recognition of your solution’s value. “Would it be helpful if we could reduce turnover in that division?” and his team went through a discovery number one selling tool is a flashlight; Action Tip process with midlevel managers to find it’s not a product or a solution. We say, out about the prospect’s previous soft‘We aren’t here to propose anything; we Forget pain, problems, ware issues. just want to know what you are trying to issues, and constraints. “The team of people we talked with had achieve. What are some of the things that no idea why the software failed,” explains you are doing to get there? Are these Think ‘‘disruptive eleWoodka, now CEO of StaffKnex, a comthings working?’ ments’’: transparency, pany that provides labor-optimizing tech“It’s a different way of selling,” he says. standardization, nology for employers with shift-based “Strategy and differentiation are the key reverse engineering, work schedules. “We asked them if our levers, and if you get your salespeople to globalization, and survey team could survey the staff and embrace them, they change everything.” divergent offerings. then correlate all the findings. All we The OCT sales force tries to call as That’s right – the 5 asked in return was to meet with the high as possible, usually on the VPs of ‘‘disruptive elements.’’ senior executive after we received the human resources, marketing, leaderresults. We didn’t charge the company for ship development, and communication, our time or the survey. Once we presented but oftentimes reps end up meeting the findings to the executive, she was with CEOs. As a result, OCT’s sales impressed and wanted the raw data. At this point, we had really have gone up 10 percent. piqued her interest, and it led to a sale. We didn’t go in with the Something else that’s critical to OCT’s success in sales is that mind-set that we were going to sell something. We helped the the firm uses subject matter experts during meetings with execucompany understand its problems and identify solutions first.” tives. “These experts support our sales team,” says McVeigh. Like BEA/Flashline, Visual Marking Systems has to dig “Once our salespeople understand the needs, they call their deeper to find out CEOs’ thoughts, opinions, and strategies for experts to speak specifically to certain business issues. This helps the future, and Kahle admits it’s tough, especially in his indus- them gain credibility and gets them a seat at the table. Without convince them “You have to you will bring something of value to the table.” try. “In our industrial market, we deal with many procurement people, but if we want to meet with people who actually drive the strategy, we have to do a lot of work,” he says. “We concentrate on demographics, what’s important to them, and what differentiates us. Our industry has always been an afterthought, but we are doing better at getting to the table by helping prospects think in a different way. We need clients to know that graphics and design are important, because they are part of their brand image; it’s what their customer sees first.” A New Reality Another new reality is what Miller calls procurement standardization. “Supply-chain management or procurement departments are getting incredibly powerful in companies because they have new tools, one of which is the Internet,” he explains. “They are now using technology to play vendors against each other and drive price down. Product and service lifecycles are shortening, along with the profit-margin window. Technology also allows for reverse engineering and copycat products, and it’s accelerating. These new realities are impacting salespeople like a level-five hurricane. “Because of this, companies are becoming total-solution companies and need salespeople who are versed in the totalsolution world. Your ability to create demand for your solution at executive levels becomes imperative,” adds Miller. He suggests working with your marketing department to develop strategies that offer value and create demand for total solutions. Get Out the Flashlight No one knows about offering value better than OCT’s McVeigh, whose sales team approaches each client in a nonassumptive way. “We basically say, ‘We have no idea if we can help you, but let’s see if we can add some value after we talk,’” he explains. “Our this expertise, you are a seller of stuff and become a commodity. Then clients will look at features, benefits, and costs, and that’s a tough way to make a living. You’ll never get a seat at the table with that approach; you’ll always be at a product level, and CEOs don’t get involved at a product level.” Expertise is only one part of the equation. You better have a good reputation and an understanding of what’s important to senior executives, says Miller. “Senior executives talk to other senior executives,” he says. “It’s all about association – marketing referrals and word of mouth. It’s not a numbers game, it’s a quality game. It’s about taking a smaller focus and working with twelve companies instead of five hundred.” Miller explains that there are four macrostrategies or decisions that senior executives have to make and advises that salespeople get familiar with them: 1) Innovating. How can you help senior executives separate and differentiate their company’s products and services? 2) Reaching customers. Can you help them reach their customers, and if so, how? 3) Being more productive with core offerings. “Many of their innovations are maturing and commoditizing,” says Miller. “You need to understand their strategies to optimize their core cash-cow offerings.” 4) Outsourcing or eliminating. “Help them understand what they should get rid of so that they can spend their money on innovation and differentiation,” says Miller. “Once you understand these decisions and understand that you are in the results business and not the products-and-services business, you can help companies strategize,” says Miller. “It’s the only way you can make and sustain a relationship with senior management and get a seat at the table.” • !"# $%&'!"#" 57 Products, Services, and Management Advice new solutions for managers Ramp Up Your Leads Any sale that finishes with a deal or longterm relationship begins with a lead. How quickly and economically a company acquires leads can make the difference between missing or outperforming a sales goal. Leads come from a variety of sources. Old paper lists were replaced first by CDs, then by the Internet. Today’s prospecting lists arrive digitally on any personal device, and they are backed by extensive research and validation. They are up-to-date and can include amazingly rich information collected from thousands of business sources. With digital prospect data, initial qualification can be easy and automatic. You simply screen the list for companies that mirror your best customers in size, industry, location, or any other criteria. Leads also arrive on your own Website, and these leads are like gold, because most Website visitors are already interested in your products. Modern software can track these visitors, offer them more information, check their reactions, and score their likelihood of buying. If a prospect is hot, software can automatically pass the lead to an inside sales rep, who can start the conversation while the visitor is still on your Website. Or software can begin lead qualification by offering the prospect something useful in return for answering a few simple questions. Leads can also come from the Web in another way: Applications can constantly search the Web or digital business news for the events that generate great leads in your business, for example the creation of new companies, mergers, or new executive appointments. And great leads still come from traditional sources, such as personal references and trade-show contacts. These leads need to be digitized, entered into the 58 MAY/JUNE 2010 SELLING POWER system that generates and tracks all those other potentially lucrative digitized leads. Wherever they come from, all leads should be automatically scored before they enter a central database or your customer relationship management (CRM) system. Scores reflect the likelihood, immediacy, and potential value of a sale and should be agreed to by sales and marketing. These scores can be calculated from the data you have already gathered and then revised later as you receive more data. Sales and marketing should collaboratively determine what happens next. The best leads need to go to the field as quickly as possible, with all the information available on the lead. That means combining new events or lead actions with any data already available on the same company. This should happen automatically. And all the data should be accessible on the rep’s familiar CRM screen so that he or she isn’t forced to waste time searching in other systems. The field rep should also be able to find out if he or she knows any important execs at the lead company. Software should tell the rep who the company’s decision makers are, where they worked before, and where they went to school. Again, this application for collecting all relevant information on each decision maker should ideally work within the rep’s CRM system. Results of the initial call go back into the CRM system. This automatically beefs up the information available on the lead in the central database, perhaps changing its status from a hot to a cold lead or from an immediate to less immediate buying decision. But whatever happens, the lead is not simply dropped from the digital funnel; it is retained until it is clear that the lead is never going to be a sales prospect, which may take a long time. Most leads start out in the nurturing SELÇUK DEMIREL How to make your lead-acquisition strategy a performance payout process, where they are assessed according to scores and rules. Marketing automation software should set a schedule and program for contacting each lead, or segments of leads, that reflect the leads’ specific characteristics. The characteristics considered might include company type; the kind of products a prospect company might buy; white papers, Webinars, or other marketing materials that might be of interest to a prospect company; and how the prospect would want to be contacted. Marketing automation can send out customized emails, brochures, and invitations to future events, live or on the Web. inside C O A C H I N G ..............................68 INCENTIVES ................,+,-,.-& L E A D M A N A G E M E N T ..............58-59 T RAINING ....................,*#,+,,#,- 9+ %-7(+2R-9)+&2'@(3-)>($3+7'3() Contacts Dow Jones D&B Jigsaw Marketo ZoomInfo InsideView OneSource Salesgenie Hoover’s x x x x x x x x x Company Information x x x x x x x x x Deep Company Information x Lead Management x x x x x x It can also set up a phone call according to the management rules. The timing should be determined by the prospect’s buying cycle, not your company’s sales cycle. Software tracks the contacts and results. Did the lead download a white paper, attend a Web conference, or ask a question? These reactions adjust the lead’s score in the funnel and will be used to refine later approaches to the lead. The whole process of collecting, contacting and managing leads must be as automatic as possible in order to save time and money. But it must also be as discriminating and personal as possible to imitate the steps your sales reps, support staff, and marketers would take if they had the time. Fortunately, advancing technology is making this possible. But best-practice lead management requires more than technology: The relationship between the sales and marketing departments is especially crucial. Information-technology experts can be brought in to let sales and marketing know what can be done to facilitate cooperation between the two teams, but the big decisions will be made and mutually arranged by sales and marketing leaders. Top company execs must be absolutely clear at the outset about what they want the whole process to look like. The general rule is, reform the process before you automate the process. The potential gains from getting it all right are huge: not just more leads, but more time spent on the best leads. Contacting the right people at the right time is another step toward the buying decision. Personal calls and visits that are relevant to the prospect’s business are smart uses of the salesperson’s time. And doing the homework prior to the visit means that your pertinent marketing materials are read, not tossed in the wastebasket. Once a company gains experience with solid lead-management systems, it can turn the funnel into a forecasting tool, producing the sales predictions that financial and operating execs – HENRY CANADAY hunger for. To download a PDF of this article, please visit www.sellingpower.com/ lead-gen-solutions. 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Your CRM with built-in GPS. ZoomInfo does for CRMs what GPS does for your drive. It helps you find people and companies faster and more efficiently without having to get out and ask for directions. Match target accounts, import missing contacts, Call 866-904-9666 and request a free demo. Or, merge records, and generate fresh prospect lists visit www.zoominfo.com/gps to learn how easy all right from the application you work in all day access to a growing directory of 45 million business long. ZoomInfo integrates seamlessly with many people at 5 million companies can help you map of today’s leading CRM solutions including prospects, double your productivity, and arrive at Salesforce.com, Sugar CRM, Microsoft Dynamics your destination in record time. and Oracle CRM On Demand. www.zoominfo.com | 866.904.9666 For more information, visit www.sellingpower.com/advertisers. new solutions for managers training Smooth Sale-ing Family-owned, San Francisco-based Torani, a flavored-syrup company with a taste for success, wanted to tap new markets in 2010 by introducing its Real Fruit Smoothie. Torani taught Starbucks how to make, and America to love, flavored lattes in the 1990s. To build on their past accomplishments, in 2009 Torani applied for and won the 2009 Miller Heiman Sales Team Makeover – co-sponsored by Selling Power, Hoover’s, and Genius.com – for $100,000 worth of help from the sales experts at Miller Heiman. How sweet is that? Torani’s basic goals were to help reps start making high-yield sales calls right away and manage the funnel for future calls more efficiently. “We wanted to work differently with customers and develop and excel in more channels, like restaurants and retail,” summarizes Torani CEO Melanie Dulbecco. The project kicked off in June 2009. “We started by using Miller Heiman’s Sales Excellence Assessment tool for a full assessment of sales behavior and identification of the skills necessary for Torani to achieve its goals,” explains Miller Heiman lead consultant Susan Mahoney. “Additionally, we began an extensive interview process with all functions of Torani’s leadership team, including marketing, finance, and operations, recognizing that in order for true organizational change to occur, you have to have buy-in and involvement from all departments that it touches.” The Miller Heiman consultants came up with their first recommendations based on gaps identified in the assessment and recognition of Torani’s unique cultural values. With a strong brand already in place, the new product launch slated for early 2010 needed to be a smooth extension of the company’s existing products and services. Miller Heiman and Torani recognized that their upcoming events, including a fall sales meeting, were ideal occasions at which to ensure all departments were on the same page. Collaboration was critical to the new product launch strategy. In December, Miller Heiman facilitated two days of training on Conceptual Selling with its Green Sheet tool for planning calls, attended by cross-functional teams from the sales, marketing, finance, research, and product-development departments. “When cross-functional teams are involved in every step, the results are more consistent and sustainable,” Mahoney summarizes. “Torani fully embraced this approach.” 64 MAY/JUNE 2010 SELLING POWER contest Miller Heiman is accepting entries through the end of May for the 2010 Miller Heiman Sales Team Makeover. For information on how to enter, visit www.millerheiman.com/makeover. Cross-functional training is Miller Heiman’s standard approach. “In the past, training was just about salespeople and the call,” Dulbecco says. “Our work with Miller Heiman involved marketing and the whole supply chain.” Marketing VP Julie Garlikov agrees. “This is logical. It means you approach everything more strategically.” She and her six-member marketing team actively participated in the sales-training sessions. Sales VP Eric Gould asserts that the call-preparation and strategic-planning training got the team excited. “Miller Heiman taught us how to make a detailed call plan and determine the appropriate strategy for a specific opportunity, which was very exciting to me,” said Gould. “I told the reps, ‘You’re [learning] this twenty years before I did, and it will help you during your entire careers.’” Torani reps learned the new approach at different paces, Gould acknowledges. “Some took to it like ducks to water. But they are all learning. You have to do this for three weeks SELÇUK DEMIREL new solutions for managers for it to become habit.” By the end of January, Torani reps had used the new approach to make 80 calls. “We have an exceptional number of preorders,” Dulbecco notes. “This will be our most successful product launch, and the response from the team is very strong.” In February, two-day Strategic Selling training sessions, again for cross-functional teams, were held for each salesperson’s most strategic opportunities. The focus was on identifying and understanding key buying influences, positioning themselves strategically in order to win, and managing the sales opportunity efficiently in order to shorten the sales cycle. Part of Torani’s launch strategy is to claim market share from competitors in both its current customer arena and in the new market of major casual-dining chains. The next step was to train frontline and senior managers in Strategic Selling Funnel Management. The program helped leadership support the field by asking questions: Where is the opportunity positioned in the funnel? What actions has the customer demonstrated that indicates the opportunity is ready to move forward? What resources are necessary at this stage to move forward? What is the probability of this opportunity closing on a specific date? “The result of the session was a defined sales funnel with steps in the sales process and customer and seller actions clearly identified,” Mahoney says. “The funnel will make my job a lot easier,” says Torani CFO Scott Triou. “I can tell where we are and that the reps have done the groundwork. This will lead to more accurate forecasts.” To ensure that all elements were in place for the new product launch and Torani reached its goal to gain greater market share in a new prospect playground, Miller Heiman cemented the processes by coaching managers to reinforce Conceptual Selling and Strategic Selling. Torani’s lengthy tenure in the beverage industry proves it’s a company with a good track record and lasting power. But aside from that, the organization’s willingness to build on its hard-earned success makes the company something of a role model for others. “The aim is to take a good team and make it great,” – HENRY CANADAY Gould summarizes. *Strategic Selling, Conceptual Selling, Strategic Selling Funnel Management, and Sales Excellence Assessment are registered trademarks of Miller Heiman. Give so much time to the improvement of yourself that you have no time to criticize others. Christian D. Larson incentives Any Way You Likey at Nike The best sports equipment, clothing, and shoes can make a welcomed gift for a rep who wants to stay in shape even when he or she is on the road. And Nike has plenty of options for securing its famous items and making them a bit more special: Top reps can customize their Nike prizes by becoming a part of the design process at NIKEiD.com. Reps can choose Nike footwear in their favorite colors, pick special widths for comfort, and obtain left and right shoes of different sizes if that makes running more comfortable. For more information, visit www – HENRY CANADAY .nikeid.com. incentives Canon’s One-Stop Shop Canon USA is a one-stop shop for many a road-weary warrior. Canon has the latest digital cameras for capturing images of new acquaintances and exotic sights. Its EOS Digital SLR camera line offers high quality and convenience for experts and amateurs alike. When it is time to show the pictures to family and friends, Canon’s REALiS SX7 Mark II Multimedia LCOS Projector delivers photos and video with fine details and exceptional color reproduction. Or if a sales hero just wants to show his trophy images around the office, he can use Canon’s Pro9500 Mark II Photo Printer, with its 10 pigment-based ink colors. – HENRY CANADAY For more information, visit www.usa.canon.com. SELLING POWER MAY/JUNE 2010 65 new solutions for managers training The 9 Top Companies to Train Your Sales Team Better Action Selling Specialties: Managing the buyer/seller relationship, sales-call planning, questioning and presentation skills, and gaining commitment. Preparatory assessment: Determines which skills need improving, develops customized recommendations on how to improve, assesses how sales reps compare to one another, determines ROI for further training. Steps: Prepare, train, reinforce, assess, certify. Training delivery: Workshop conducted by a certified Action Selling facilitator. Emphasis: Long-term learning reinforcement that transfers newly learned skills into sustainable field success. Markets served: North America. Length of time in business: 20 years. Website: www.actionselling.com Richardson Specialties: Opportunity generation, territory and pipeline management, time management, strategic prospecting, social and business networking, selling through channel partners, consultative selling, real-deal coaching, selling to executives, telephone selling, cross selling, sales presentations, team selling, negotiations, virtual teams, customer care, internal collaboration, becoming a trusted advisor, key-account networking, strategic-account management, gaining referrals, and accessing decision makers. Preparatory assessment: SkillGauge, an on-demand assessment of sales behavior using multiple ratings and self-rating of individual sales skills. Steps: Diagnose, design, train, coach, reinforce. ValueSelling Associates Specialties: Customer retention, interpersonal communication skills, negotiating, persuasive presentations, prospecting and qualifying, sales writing, selling to executives, team selling, telephone effectiveness, and time and productivity management. Training delivery: Classroom training, e-learning, and consulting. and South Africa, including instruction in Chinese, Korean, Japanese, English, German, Italian, and Spanish. Length of time in business: 20 years. Website: www.valueselling.com Acclivus Length of time in business: 20+ years. ValueSelling is sustainable; salespeople love it, so they actually use it. Specialties: Consultative B2B selling, consultative selling by telephone and email, strategic sales presentations, interaction for call centers, transaction sales for call centers, getting the meeting, sales negotiation, customer service, major account planning and strategy, territory planning and management, and time and opportunity planning. Website: www.richardson.com Markets served: North America, Europe, Asia, Preparatory assessment: VitalSigns, a Training delivery: Blended solutions, including more than 50 hours of e-learning. Emphasis: Deep and long-term relationships with global clients across all major business sectors. Markets served: 63 countries, in 21 languages. 66 MAY/JUNE 2010 SELLING POWER Emphasis: Global reach with a local presence; uses its own process to sell its training, which is easy to implement and execute, pragmatic, and repeatable. SELÇUK DEMIREL new solutions for managers Web-based assessment of mission-critical skills with results reported in 48 hours. Emphasis: Solutions curriculum aligns sales, support, and service professionals worldwide; also, a fully integrated curriculum designed to help account teams build strong relationships, produce better results for customers, and generate predictable, profitable revenue. Training delivery: Classroom instruction. Markets served: More than 80 countries. reinforcing what was learned so that change becomes long lasting. All programs can include handbooks, assessments, and diagnostics to track the effectiveness of each program. management, professional prospecting skills. Training delivery: Seminars and teleworkshops. Emphasis: Programs adapted to the needs of the organization and contrasting cultures. Markets served: English-speaking audiences. Length of time in business: 20 years. Website: www.profitbuilders.com Length of time in business: 30+ years. Think! Inc Website: www.acclivus.com Specialty: Negotiation. Carew International Specialties: Dimensions of professional selling, profit dimensions, advanced positional selling, target-account strategies, building customer equity, and performance management. Preparatory assessment: HR Chally assessments. Emphasis: Changes the skills, attitude, and success of every person who participates; transforms attitudes and behaviors of every graduate; trains through transformational experiences that build personal commitment to new skills. Participants regularly describe programs as life changing. Clients average 30 percent increased revenue and profits compared with competition. Training delivery: Seminars. Markets served: Global. Length of time in business: 30+ years. Website: www.carew.com Profit Builders Specialties: Permission-based prospecting, cold-calling and prospecting strategy, time management for salespeople and managers, turning prospects into clients, selling skills for nonselling professionals, cooperative leadership, permission-based selling, and results-oriented communication. Emphasis: A comprehensive follow-up program with coaches and trainers conducted on site, through teleconferencing, or via the Web for all training and coaching programs. Participants can strengthen newly developed skills and receive personalized coaching, Emphasis: A hybrid, quick-strike negotiation consulting and training firm that specializes in actionable business results and focuses on simplicity, execution, and ROI; custom-built solutions; and constant and systematic innovation, testing, and entrepreneurialism. Street-level customer business results and internal satisfaction take precedence over short-term cash flow. Training delivery: Live workshops for instruction of cross-functional teams and organization-wide negotiation initiatives. Markets served: Global. Website: www.e-thinkinc.com AchieveGlobal Specialties: Professional sales coaching, account management, sales-call management, professional selling skills, professional selling skills online, professional selling skills for doctors, professional telesales skills, advanced selling techniques, professional sales presentations, professional sales negotiations, selling in a competitive world, market Steps: Define desirable results; direct practices and processes; develop the capability of individuals, processes, and systems; deliver results. Training delivery: Classroom, but many components are also available through synchronous and asynchronous Web-based delivery options. Market served: Global; more than 1,800 employees in 42 nations; can customize programs in more than 30 languages and dialects. Length of time in business: 30+ years. Website: www.achieveglobal.com The TAS Group Specialties: Sales-force automation with Dealmaker and Dealmaker Genius; workshops run by sales-performance experts; Dealmaker’s Virtual Learning System (DVLS), which enables managers and reps to improve performance through learning, reinforcement, certification, and coaching; sales-knowledge portal, which shares best practices in blogs, streaming movies, audios, worksheets, and other documents; DVLS certification engine for learning and testing; customized curricula tailored for continued learning and coaching; and sales tips and in-depth problem analysis. Training delivery: Via the Internet. Markets served: Global. Length of time in business: 20+ years. Website: www.thetasgroup.com – HENRY CANADAY incentives Can You Hear Me Now? Nothing frustrates road warriors more than having to search for wireless hot spots in strange towns while trying to stay in touch with home or the home office. Why not take a load off their minds by rewarding them with Sprint’s MiFi 2200 by Novatel? Sprint’s Now Network ensures that your reps will never have to look for hot spots again. And the MiFi 2200 can connect up to five laptops or other devices, including cameras and MP3 players. It’s secure and password protected, and it offers one-touch setup so reps will not have to waste time while on the road. – HENRY CANADAY For more information, visit www.sprint.com. SELLING POWER MAY/JUNE 2010 67 new solutions for managers incentives On the Go For reps who must take volumes of both business and personal files on the road, Seagate’s FreeAgent Go portable hard drive could be a very rewarding choice. FreeAgent stores up to 640 gigabytes of documents, presentations, pictures, videos, music, and any other digital files. Its easy-to-use software keeps files safe with automatic backup and encryption. And reps can synchronize content with their office and home computers so that FreeAgent always has current files. A convenient desktop dock lets users pop their drive into FreeAgent without any cabling. All this in an ultraslim, sixounce package for easy carrying. For more information, visit www .seagate.com. – HENRY CANADAY incentives Image Makers Whether sales travelers want to show the family where they have been or take family pics along with them, Nikon’s D3000 digital SLR camera would make a fine prize for their extra efforts. Retailing for about $500, the D3000 takes superb photographs but is very easy to use. Nikon’s intelligent guide mode lets even coaching The High-Tech Coach Coaching sales reps may well be one of the most crucial functions of sales management – potentially worth up to 20 percent in additional sales productivity, according to experts. But sales managers often apply traditional coaching erratically because companies rarely capture, record, and deploy effective coaching consistently. Hit or miss just doesn’t cut it. But with the set of tools ForceLogix offers, sales managers can now automate one of the toughest jobs many sales managers face: coaching their sales reps. The ForceLogix Enhanced Coaching solution delivers a multilingual coaching process that is easy to customize and set up across the entire sales force. In addition to ensuring consistent coach68 MAY/JUNE 2010 SELLING POWER ing, the application evaluates and ranks each salesperson based on customerspecific skills and expectations. Ride-along observations can be captured when they happen, and 360-degree feedback lets reps know exactly where they stand with customers and managers and thus where they need to focus. This digital coaching tool integrates seamlessly with Forcelogix’s SalesForce Optimizer, which lets managers decide at any time which activities and skills are most essential for each rep to master. It enables managers to track these skills and activities so they can work on a specific improvement plan for each rep over time. Moreover, reps can track their own progress toward goals so they can self-manage much of the necessary work. – HENRY CANADAY inexperienced photographers get great snapshots by optimizing the settings for just the kind of results the user wants. A three-inch LCD screen makes it easy to compose and review the image and then retouch it without using a computer. For more information, visit www .nikonusa.com. – HENRY CANADAY SELÇUK DEMIREL Enterprise Engagement Alliance Networking Expo UNLEASH THE POWER OF PEOPLE, 50% the conferen off Selling Pow ce price for er readers — use promo code SLG when you re PW2010 gis www.EEAEx ter at po.org PERFORMANCE & PROFITS A unique, interactive education program focusing on how to profit from an enterprise-wide engagement philosophy. Learn from experts and your peers about critical ways to improve your company’s performance through engagement. June 3-5, 2010, Doral Arrowwood, Rye Brook, NY in Westchester County FACULTY Consumer Engagement: Don Peppers, Founder and Principal, Peppers & Rogers and 1to1䊛 Media Channel Partner Engagement: Rodger Stotz, Principal, Delta Qi Consulting Issues Addressed Audience Engagement Engagement Tactics Get answers to questions from top experts and colleagues in unique interactive sessions on: 䡲 Customers 䡲 Channel partners 䡲 Sales 䡲 Non-sales employees 䡲 Vendors Learn about the new tools of engagement in special education sessions and by meeting one-on-one with leading suppliers of: 䡲 Leadership training 䡲 Measurement 䡲 Communications 䡲 Rewards and recognition 䡲 Engagement technology Registration Fee Conference and Expo Two-day Program Regular price: $329 Preferred price for Selling Power readers: $164.50 One-day Pass Regular price: $179 Preferred price for Selling Power readers: $89.50 Includes lunch, refreshments, and handouts. Employee Engagement: Allan Schweyer, Chairman, Enterprise Engagement Alliance and Managing Partner, Center for Human Capital Innovation Vendor Engagement: Nicole Harris, Director of Merchandise and Sourcing, Maritz Sales Engagement: Bill Healy, Professor of Sales, Russ Berrie Institute, William Paterson University Plus Expert practitioners in: Leadership, Training, Recognition, Communications, Incentive Programs, and Technology. Expo Only — Complimentary before June1 For more information, visit www.sellingpower.com/advertisers. Register at www.EEAExpo.org or call 914-591-7600, ext. 285 or email [email protected] NETWORKING EXPO new solutions for managers incentives A Stable Motivation Platform To paraphrase an old saying, nothing succeeds like good motivation. Problem is, how do you come up with the best motivation for everyone on your team? It’s a bit of a puzzle, but here are some good ground rules. Assuming a company has solid sales potential, getting a cash-comp plan right is the first step to higher sales. Most experts recommend that managers review cash-comp plans regularly but not fundamentally alter them often. This means looking at territory assignments to make sure they are challenging but achievable. Managers should want the majority of reps “in the money,” with a reasonable chance of making their goals. Second, the metrics of cash compensation should keep reps pointing toward the goals most essential to the company, whether they are increasing sales or profit, adding new customers, or retaining old ones. Keep cash comp simple, however, with no more than three metrics – and preferably fewer – to focus reps’ attention. Third, when company goals are complex and unstable, make optimum use of noncash incentives. These can point salespeople to goals not included in cash comp, such as executing successful product launches or meeting short-term sales goals. They can also provide trophy and recognition value and excite competitive salespeople. Rewarding reps with such items as 70 MAY/JUNE 2010 SELLING POWER merchandise, gift cards, and travel is usually part of any successful sales strategy. Indeed, studies consistently find that once the cash-comp plan is solid, spending 5 to 7 percent of the compensation budget on noncash motivators gets more results than adding more cash. Fourth, design incentive plans with three things in mind: the company and its key objectives, what excites individual reps, and administering and communicating the incentive program to maximize its effects. Set overall goals based on key objectives, then translate them into goals for each division, team, or rep. Choose between a program in which each rep competes against a set goal and one in Let the big winners tell stories about how they achieved their goals. need to run the program well. Talk to your reps about what they would like to win, or consult with incentive firms. Usually, the best incentive prizes are the hottest items in consumer markets. A far-flung, diverse sales force may want many different prizes to pick from or the flexibility of gift cards. Launch the program with both dazzle and clarity. Reps need to understand immediately what they will get and how to get it. Then communicate constantly during the program. Let reps know how they are doing, what they or their peers have won, and how much more they have to do to catch up to a goal or a competitor. Most incentive firms have dedicated Websites and email functions to make this communication easy, affordable, and fun. A telephone call from a top exec can be a nice congratulatory touch. When prizes are awarded, make the presentation as personal and impressive as you can. Salespeople spend lots of lonely hours which reps compete against each other. The first program motivates all reps and makes it easier to budget. The second taps more effectively into competitive instincts. If you go with a contest, consider splitting prize spending between top and also-ran rewards to keep everyone in the chase. Figure out the company’s gains in revenue and profit if the program works, then determine how much you can spend on the whole incentive program. Split this incentive budget between the prizes and purchasing what you will on the road and tough hours with customers. They appreciate the recognition of managers and peers when they get back to the home office or attend annual meetings. Let the big winners tell stories about how they achieved their goals so that they can help motivate others for the next contest. Finally, review and assess the program: Were goals achieved? Did the budget hold up as expected? Ask everybody involved, winners and also-rans, for suggestions on how to make the next incentive program – HENRY CANADAY better. 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(regularly $22) T <= Send me the Ultimate Sales Library for only $199 (shipping within the U.S. included). $+&-(',-&'@( ,7'39+'()+7()738-+-: 3&?%%2$%&23'3%&B3'@3& #"2+:)%*-($(3>' +&2-($(3I(+ 677@!"$ The library consists of The Sales Question Book, The Sales Closing Book, The Sales Script Book, and The Sunny Side of Selling. 2 .&-:ABC;"9*DDA7EF!- :A74C:D,C776F !! #6,H77,C:D,CE::$ 1""1 >.1'? 2.>)<,&*? (*1*>)) advertising index Your sales team will eat it up! Get free information from our advertisers. Advertisers in Selling Power magazine support you and your efforts. They have the products and services you need to succeed in sales, and they will be more than happy to send you the information you need to make considered decisions. To get information on products, services, and companies advertised in this issue, simply visit www.sellingpower.com/advertisers. This index is provided as a service to our readers. The publisher assumes no liability for errors or omissions. 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You may also fax your order to 540/752-7001. 76 Nikon Inc. 8 OneSource 36 Sales Strategizer Pro 41 The D’Souza Group 32 ® ZoomInfo 72 MAY/JUNE 2010 SELLING POWER 62-63 I+7,+87('% #)+7() >-%2,$'3I3': ?-(+'*%- :%,- )+7()'(+9 &(B*%- %&F7(I(7 (<($,'3I() *-()@*%- +7()!" 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Richard Bach *+37,-(+&2-($%I(-: )(-I3$( 39+?3&+'3%& I’ve missed more than 9,000 shots in my career. I’ve missed almost 300 games. Twenty-six times, I’ve been trusted to take the gamewinning shot and missed. I’ve failed over and over and over again in my life, and that is why I succeed. Michael Jordan A store’s best advertisement is the service its goods render, for upon such service rest the future, the goodwill, of an organization. James Cash Penney Imagination is more important than knowledge. For knowledge is limited, whereas imagination embraces the entire world, stimulating progress, giving birth to evolution. Albert Einstein Success is not built on success. It’s built on failure. It’s built on frustration. Sometimes it’s built on catastrophe. Sumner Redstone …I view this year’s failure as next year’s opportunity to try it again. Failures are not something to be avoided. You want to have them happen as quickly as you can so you can make progress rapidly. Gordon Moore 74 !"#"!"# $%&' If you do build a great experience, customers tell each other about that. Word of mouth is very powerful. Jeff Bezos A customer is the most important visitor on our premises. He is not dependent on us; we are dependent on him. He is not an interruption in our work; he is the purpose of it. He is not an outsider in our business; he is part of it. We are not doing him a favor by serving him; he is doing us a favor by giving us an opportunity to do so. Mahatma Gandhi The real source of wealth and capital in this new era is not material things. It is the human mind, the human spirit, the human imagination, and our faith in the future. Steve Forbes All the breaks you need in life wait within your imagination. Imagination is the workshop of your mind, capable of turning mind energy into accomplishment and wealth. Napoleon Hill For more information, visit www.sellingpower.com/advertisers. CRISTIANO RONALDO REWARD YOUR CHAMPIONS :,7+$1,.(*,)7&$5' á 1R([SLUDWLRQ á 1R)HHV á &RUSRUDWH'LVFRXQWV$YDLODEOH 2UGHUVDQG,QTXLULHV &DOO(PDLOJLIWFDUGV#QLNHFRP For more information, visit www.sellingpower.com/advertisers.