Sales Blog with Sales Tips

When I was a little boy I used to play checkers with my twin brother. He always beat me. It made me mad. Then one day my dad observed us playing checkers and said, “Scott, you always lose because you expect to lose.”

Even though I was just seven or eight years old, his words ignited a 500-watt light bulb in my head. In my short life, I had never considered that my brother wasn’t beating me; I was beating myself.

Most Of Us Do This To Ourselves In Sales
It has been my observation, after working with hundreds of sales professionals over many years, that the majority of salespersons defeat themselves too.

What do I mean by defeat? We expect to lose the sale. We don’t see ourselves winning a sales contest. We know we’ll never be the number one salesperson in our region. We are sure our employer is not competitive in our industry. We have no faith in our sales skills. We question if our customers like us.

We’re not even confident we’re in the right career.

You’ve Undoubtedly Wrestled With Some Of These Questions
All of us deal with these kinds of doubts. It’s when an expectation of failure – or even mediocrity – becomes our modus operandi that we are in the danger zone.

There is no magic to sales success. There is no perfect personality or magical skill required either. I can tell you unequivocally that the two major differences between sales superstars and the also-rans are:

Diligence. Sales leaders keep doing the things that need to be done long after others have left work early. The last time I checked, diligence doesn’t require any kind of super power.

Planning. The big guns in sales always have a plan. They know where they’re going and how they plan to get there. You don’t need an MBA from Harvard in order to make and work a plan.

This Isn’t About Positive Thinking
Let me be clear, this sales blog post is not about the “Power of Positive Thinking.” Just thinking positive thoughts won’t make you successful. That is an enormously weak and outdated concept.

The precursor to success is always competence. Competence is created by hard work and having a clear course of action.

Sales Tips Wrap Up
You might look at the top producers in your organization and think you will never be in their position. Please, don’t take yourself out of the game.

You can be a sales superstar if you realize you already have what it takes. Tenacity and the ability to create a blueprint for success are the ingredients.

Just for the record, I started beating my brother in checkers on a regular basis soon after my dad ignited that light bulb in my head.

Further sales tips reading:
Don’t Let Confidence Be Your God, Let Fear Be Your Guide
Are You Convinced Sales Is The Right Profession For You?

>You can automatically receive Sales Tips Blog by Scott R. Sheaffer >by email< or >by RSS<.
>Follow >Scott R. Sheaffer< on Facebook, LinkedIn or Twitter.
>©2010 Scott R. Sheaffer

Scott Sheaffer’s New Book, “Comatose Management”
—
Six Short Stories of Destructive Management Practices, Volume I
—
Available in printed and Kindle edition on amazon.com
—
—

Sales forecasting is the curse of every sales professional. It’s an art and a science that we all struggle with.

Why Our Sales Forecasts Frequently Miss The Mark

• We feel forced to tell our sales managers what they want to hear.
• In our desire for more sales, we operate from a position of baseless confidence.
• We don’t understand our industry.
• We aren’t properly qualifying our prospects.
• To create the illusion of a full funnel, we hang on to dead prospects ad infinitum.
• We don’t develop our skills at reading a prospect’s buying/not-buying signals.

Sales Tips For Sharpening Your Sales Forecasting Pencil
1. Re-qualify them. Don’t be afraid to re-qualify prospects in the middle of a sales cycle. It’s a good idea to constantly check the cards your fellow gamblers are showing when betting in Vegas.

2. Understand the steps of your sales process. If your company doesn’t have a defined and effective sales process, create one of your own. This will act as a benchmark.

3. Get real. Look at your normal closing ratio and apply it to the prospects in your pipeline. After you do that, reduce it by 25% to take into account all the unexpected delays, budget problems and competitive moves you’ll undoubtedly encounter.

4. Look for signs of commitment from the identified decision makers. If there is not a shred of skin in the game from them, then let them die a natural death. Remove them from your funnel.

5. Know your industry. It’s hard to anticipate buyers’ next moves when we don’t know their game.

6. Be sensitive to the vibes your prospects are sending out. Once we establish a relationship with them, they rarely tell us when they are unequivocally no longer interested. We have to be sensitive to their vibe or meta-message. The biggest mistake I see here is when sales professionals don’t make eye contact with prospects. A prospect’s eyes rarely lie.

Sales Tips Wrap Up
Forecasting is an important part of being a sales professional. Your employer doesn’t want you to overestimate or underestimate the business you’ll be bringing in. Your proficiency at this art and science will enhance your credibility with your sales manager and within your organization.

Further sales tips reading:
4 Sales Tips For Managing Your Pipeline
Are You Asking This Powerful Qualifying Question?
3 Reasons You Need A Sales Process

>You can automatically receive Sales Tips Blog by Scott R. Sheaffer >by email< or >by RSS<.
>Follow >Scott R. Sheaffer< on Facebook, LinkedIn or Twitter.
>©2010 Scott R. Sheaffer

Scott Sheaffer’s New Book, “Comatose Management”
—
Six Short Stories of Destructive Management Practices, Volume I
—
Available in printed and Kindle edition on amazon.com
—
—

I have to admit that I’m a skeptic. I don’t give much weight to palm readers and crystal ball types.

Sales is no different for me. There really is no “magic” when it comes to sales superstars. There is always a formula for their success. Always.

I’m going to share a piece of their “abracadabra” below.

But First…
Before I write any further, I’d like to bring your attention to a new addition to my sales tips blog, Scott’s Inbox. It provides a video venue for me to answer readers’ questions. You may have noticed that I started including these a few weeks ago.  Just click on my photo to start today’s 1 minute video.

Today’s Scott’s Inbox is a little different because I’ll be introducing you to my best friend and sales tips consultant. You may be a bit surprised who it is. I’ve mentioned him a few times before in this sales blog.

Back To The Abracadabra Thing
Why is it that rainmakers (i.e. sales superstars) have such high close rates and always seem to be in the right place at the right time? Is it magic? Hardly.

Rainmakers know when they call on a prospect company that the decision maker will be in one of four situations:

1. The decision maker has just had a new hand dealt to him or her that is disruptive. It could be a budget change, need for a new product or service, time frame change, etc.

2. The decision maker is unhappy with the performance of his or her current supplier(s). We all know there are a million reasons this can happen.

3. The decision maker has recently changed. When this happens, we know this is a golden window of opportunity.

4. The decision maker is happy with the status quo.

How To Make It Work For You
To ascertain which of the above four states the decision maker is currently in is the challenge. You have to find out where he or she is coming from within the first 30 seconds of your call. If you can place them in category 1, 2 or 3, the decision maker will have a reason to give you more time. You’ll also accurately know where to direct the conversation.

Every industry will have different questions that can be asked to identify which category fits the decision maker you’re talking to. These are normally closed-ended types of questions. You already have this list, right?

I constantly preach about researching prospects before contacting them the first time. One of the best tools for this is Google Alerts (see Further sales tips reading below). It’s a perfect tool because it alerts you to new information about a company just as it is happening.

Sales Tips Wrap Up
However, nothing is free. For this to help you reach rainmaker status, you’ll have to spend time developing your cold calling skills. You’ll need a razor sharp set of qualifying questions that are tailored to the prospect. You’ll have to research your prospects before calling.

However, the payoff will be huge. Some studies suggest a 5X improvement in closing rates. Abracadabra.

Further sales tips reading:
A Powerful Sales Tool You’ll Use Every Day – And It’s Free
7 Sales Tips For Getting To Decision Makers

>You can automatically receive Sales Tips Blog by Scott R. Sheaffer >by email< or >by RSS<.
>Follow >Scott R. Sheaffer< on Facebook, LinkedIn or Twitter.
>©2010 Scott R. Sheaffer

Scott Sheaffer’s New Book, “Comatose Management”
—
Six Short Stories of Destructive Management Practices, Volume I
—
Available in printed and Kindle edition on amazon.com
—
—

Have you ever thought about the following concept – disqualifying prospects? I believe we spend too much time trying to qualify prospects.

The Problem With Qualifying Prospects
We hate prospecting. As a result, we try to “force fit” leads into qualified prospects. But reality tells us that most of the leads we contact are not even close to qualified prospects.

We find ourselves in prospecting situations where:

• We aren’t connected to a decision maker.
• We don’t have a good product fit.
• The timeframe is all wrong.
• The budget isn’t there.
• The competitor is almost at the finish line, and we’re just starting.
• Contract and legal issues will be formidable, if not impossible, to contend with.

It makes prospecting so much easier – but not in the long term – if we pretend the pieces always fit.

The Beauty Of Disqualifying Prospects
Quit wasting your time trying to sell to prospects that aren’t the least bit serious about becoming your customer. Give them the boot.

I’ve always felt that: 1) customers are best, 2) qualified prospects are good, and 3) totally disqualified prospects are definitely not a bad thing. Why are disqualified prospects not a bad thing? Getting rid of tire kickers frees you to focus on genuine prospects.

Sales Tips On How To Disqualify
I have only two sales tips regarding how to mercilessly disqualify prospects. It’s time to identify them and throw them in the rubbish bin.

1. After getting a big cup of coffee (caffeinated, of course), create a list of questions that will let you quickly identify whether a prospect hits your sweet spot. In about five questions, you can tell whether you have a live one on your hands. You can make this list by yourself, but doing it with your sales peers will sharpen your efforts.

2. Throw away those lead lists. Is there anything more worthless than a purchased lead list?  Seriously. They should be called “make me look busy” lists. You’re a big boy or girl; it’s time to start using 21st century tools (that I’ve written about in this sales blog) to find prospects.

Sales Blog Epilogue
There are additional benefits in creating a list of pinpoint qualifying questions. You can use them to improve your elevator speech and to more accurately define your perfect customer when asking for a referral.

Further sales tips reading:
Be Bold about Qualifying Questions
Hierarchy of Prospects
Prospecting By Going-Through-The-Motions, Part 2 of 4
Prospects: Fired, Dead and Demoted

>You can automatically receive Sales Tips Blog by Scott R. Sheaffer >by email< or >by RSS<.
>Follow >Scott R. Sheaffer< on Facebook, LinkedIn or Twitter.
>©2010 Scott R. Sheaffer

Scott Sheaffer’s New Book, “Comatose Management”
—
Six Short Stories of Destructive Management Practices, Volume I
—
Available in printed and Kindle edition on amazon.com
—
—