• Save
10 Most Common Mistakes Sales People Make
Upcoming SlideShare
Loading in...5
×
 

10 Most Common Mistakes Sales People Make

on

  • 5,048 views

10 mistakes sales people make in running their business and things managers/leaders can do to help.

10 mistakes sales people make in running their business and things managers/leaders can do to help.

Statistics

Views

Total Views
5,048
Views on SlideShare
4,889
Embed Views
159

Actions

Likes
6
Downloads
20
Comments
2

5 Embeds 159

http://www.lloydlofton.com 140
http://www.slideshare.net 12
http://www.linkedin.com 5
http://www.lmodules.com 1
https://www.linkedin.com 1

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
  • sdfsd
    Are you sure you want to
    Your message goes here
    Processing…
  • ads
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

10 Most Common Mistakes Sales People Make 10 Most Common Mistakes Sales People Make Presentation Transcript

  • By Lloyd Lofton
  • Most people enter sales to succeed, each has their own definition of what that success means. For most organizations we can look in on the sales and marketing activity and boil down the issues that imped success to a few specific problems. In this presentation we will address these problems and offer some concrete solutions.
  •  Prospects have more sales resistance training than salespeople usually have in sales presentation skill.
  •  Prospect response to salespeople is designed to get as much information as possible and be in control of the situation.  Prospects often mislead salespeople about their intentions, how much they'll spend, who makes decisions, when, etc.
  •  The prospects intent is designed to turn salespeople into unpaid consultants, lead them on until they have all of the information they need, and often use their “quotes” to compare with their current salesperson or a competitor.  When prospects have what they need, they stop taking/returning the salespersons phone calls.
  •  Does this make prospects bad people?  Of course not.  We all use this system for dealing with salespeople...it's almost second nature.  Why do prospects do this?  It's simple.  It works.
  •  The stereotype of salespeople is not a good image for most of us, and prospects are afraid of being sold something they feel they don't want.  In order to protect themselves, prospects feel they need a way to deal with salespeople.  It is an instinctive reaction to the negative stereotype of salespeople that causes prospects to put up a defensive wall.
  •  So how do most salespeople deal with the prospects system of defense?  Most play right into it.  Many don't use a systematic approach to selling.  They allow the prospect to take total control of the sales process.
  • The salesperson eagerly: • gives their knowledge • makes commitments without getting any in return • wastes resources on pursuing deals that will never close • gives “quotes” to non-prospects who never buy • misinterpret the ubiquitous "I'll think it over and get back to you" as a future sale
  •  How do most sales organizations contribute to the problem?  Frequently they focus on product knowledge and overlook teaching what circumstances or concepts products fit best with.  Companies train on the “feature” (what the product or service does) rather that the “benefit” (why the consumer will benefit from the purchase of the product or service)
  •  The solution: Train salespeople on a systematic approach to making presentations so they have "a track to run on."  The training should balance both the prospect and salesperson's best interest.  Train the salesperson on the thing you want them to do the most, in the order you want them to do those things.
  •  Spending too much time with prospects that will never buy.
  •  A manager recently evaluated two of his salespeople like this: "Gary spends too much time with non- buyers, and gets too involved in non-productive activities. One root cause of this behavior is that he doesn't ask the tough questions. Amy is strong with prospects, but both she and Gary have lost deals because the competition asks for the business while they give “quotes” to the prospect."  Why is this true?
  •  Salespeople don't ask the hard questions up-front for fear of making their prospects angry, they are afraid they will lose something they don't have.  Most salespeople think their job is to close everybody.
  •  Over the years sales training has emphasized, "Don't take NO for an answer."  Salespeople are taught to be persistent...handle stalls and objections...trial closes...always be closing...and yes, even be manipulative.  No wonder prospects need sales resistance to shield themselves!
  •  Prospects realize salespeople don't want to hear "NO" and that when they do, they'll "hang in there" and try to turn "NO" into "YES."  When the poor prospect really means "NO," s/he has found the easiest way to get rid of a sales person is to tell them, "I'll think it over, and I'll get back to you."  How many "think it over's" really turn into business?
  •  The solution: Salespeople need tools to separate tire-kickers from buyers.  They need an approach that discloses objections early in the sales cycle.  They need to learn the fine art of tactfully qualifying prospects in, not qualifying them out.  The top salespeople learn to ask the hard questions up-front, saving precious resources for real opportunities. "NO" is an acceptable response from a buyer.
  •  "Going for the NO" requires a tremendous paradigm shift for most salespeople, but it can take all the pressure off the sales person and increase productivity.  This approach allows prospects to feel in control, this then relaxes them, and lets them buy instead of feeling like they are being "sold."
  •  Salespeople talk too much.
  •  A manager recently said, "My salespeople’s listening skills aren't where they need to be; someone says something and they don't find out the real reason or intent behind the question, which leaves the prospect feeling like my salespeople don't understand them or their issues.”
  •  Of course, when we sent them to the College of Product Knowledge, filling them with technical knowledge and then send them out to make their quotas, we should have expected this result.
  •  So what's the problem telling our story?  First, people buy for their reason, not the salespersons reasons, not even the company's reasons.  Second, most companies' presentations sound the same to the prospect, and when they sound the same, the salesperson just becomes another salesperson to the prospect, and then to the prospect, low price becomes the determining factor in getting the business.
  •  The solution: Asking questions is the answer.  Teach salespeople to stop regurgitating to the prospect and start asking questions.  Prospects should do at least 70% of the talking on the sales call.  The only way this will happen is for the salesperson to learn to ask a lot of questions.
  •  Questions gather information.  Ask questions to find out what the prospect's "pain" is.  This is the same thing your family doctor does during an office visit.  They ask - they don't tell you anything until they have made the proper diagnosis.
  •  Weak salespeople focus on price.
  •  Price is never the real issue!  Salespeople focus on price because it's often the first thing the prospect asks about.  Yet study after study confirms that quality and services are almost always more important than price.
  •  Price is never the main reason for getting and keeping business.  People buy your products to either solve a problem they have, or improve something about their current situation or protect against future occurrences.
  •  The solution: Teach salespeople to be more effective in asking questions and getting to real issues.  Once they learn to do this, price will not be the determining factor in making sales.
  •  Product knowledge is over-emphasized and misused. As a result, selling often becomes nothing more than "pitching and presenting."
  •  Most sales training focuses on product knowledge. Studies show that 80% of training dollars spent annually are spent on product knowledge training.  Salespeople, once filled with this product knowledge, are eager to share this information and become a Professional Visitor or, Unpaid Educator.  The focus then becomes totally on product, and not on the prospects problem, which is where it belongs.
  •  The solution: Provide training in the strategy and tactics your sales professionals need to help prospects clearly define their problems and co- build solutions that fit their needs.  Product knowledge is important, but how it's used at each phase of the buying process is the key.
  •  Salespeople fail to get prospects to reveal budgets up-front.
  •  Many salespeople are uncomfortable talking about money.  Discussing money is seen as intrusive, and unpleasant.  Many salespeople avoid talking about money, until the prospect forces the issue.  This is one of the five most common weaknesses that sales people have.
  •  The solution: Knowing whether there is money upfront will help the salesperson distinguish between a prospect who is ready to solve a problem from one who is not committed.  Comfortably talking about money is a key to management, where resources are evaluated based on bottom line impact.
  •  How much the problem is costing the prospect; in other words the amount at risk.  How much they'd be willing to invest to solve the problem.
  •  Without a candid discussion about money, the salesperson is left to make certain assumptions.  And we all know what happens when we make assumptions!
  •  Salespeople fail to get firm commitments from prospects.
  •  Salespeople are often very willing to jump at the opportunity to do a “quote”, presentation, etc.  This approach is incredibly time-consuming and resource intensive.
  •  How many “quotes” has your team/distribution sent out over the last twelve months that resulted in nothing?  How much does it cost your team/distribution on an annual basis to do “quotes” that go nowhere?  What are the “true” cost of doing a “quote”?
  •  The solution: Salespeople must learn what motivates people to buy.  They must master the skills required to help prospects become comfortable sharing problems, and they must learn to determine the prospects' level of commitment to solve these problems before they begin to offer “their” solutions.
  •  Lack of effective and sufficient prospecting.
  •  A quote from a manager: "They don't do enough prospecting, even “when I use a long stick.'"  All professional salespeople will eventually be faced with a bout of call reluctance.  You know the story - they have so much paperwork on their desk they can't possibly find the time to prospect for new business OR they're so busy calling on existing customers (who incidentally aren't buying anything) there's no way they could add any new appointments. Getting ready to get ready. The BT club (bout to) Sound familiar?
  • • Over 40% of all veteran sales professionals have experienced bouts of call reluctance severe enough to threaten their career in sales • And 80% of all new salespeople who fail within their first year do so because of insufficient prospecting activity.
  •  The Solution: Salespeople need to develop a realistic activity plan.  Monitor the plan weekly and implement effective accountability.
  •  The salesperson has a strong need for approval.
  •  It's an easy and common mistake. "I love people, so I'll be a salesperson."  You end up with a salesperson that would rather make "friends" with their prospects than conduct business.  While developing relationships are an important part of the selling process, selling is not a place for people to get their emotional needs met.
  •  In fact, it's the opposite: a tough and demanding profession, full of rejection.  People who internalize the rejection end up getting out of the profession.  Truth is, they should never have gotten in the business.  Sales interactions are fundamentally different than social interactions.
  •  Successful professionals understand and accept that the bottom line of professionally selling is: MAKING MONEY.
  •  The Solution: Evaluate your team to determine if they have this need for approval.  Managers need to ask pre-hire screening questions that helps to hire stronger people and teach them a system that helps strike the appropriate balance between developing relationships and getting commitments.
  •  Salespeople don't treat sales as a profession.
  •  Professionals like doctors, lawyers, engineers, teachers, and CPAs' all have one thing in common - they attend continuing education to maintain and increase their proficiency.  Yet how many salespeople are continually seeking new ways to increase their skills?  Many have the attitude, "I've been selling for years, what more can I learn?"
  •  The solution: Top performers in every profession are always looking for ways to sharpen their skills and gain the fine edge that leads to consistent success.  Leaders need to invest in top performers and help them grow their skills.
  •  Ego stunts your growth so Leaders have to be willing to set their ego aside and be willing to grow, modeling behavior that demonstrates it is more important to the Leader to be effective than to be right.  We can all learn from each other. You don’t know everything – no-body does!
  •  Salespeople sell the way they buy  Managers train the way they sell
  •  Hiring: Distributions, supervisors and managers must complete, step-by-step, a formal process for profiling, attracting, recruiting, interviewing and hiring top performers.  Look to hire goal achievers not goal setters.
  •  Most managers hire goal setters and are surprised when new hires never achieve their goals.  The truth is the salesperson only had a wish list.  Ask the salesperson when interviewing or coaching to describe goals they set and "how" they achieved the goal. If they didn't achieve that goal then was it a goal or was it only a wish list?
  •  Effective recruiting and hiring is the most important job of any manager.  No amount of training, coaching or mentoring will make up for a poor hiring decision.  Do it right the first time.
  •  Managing: Implement a sales management process that emphasizes more effective recruiting, hiring, coaching, growing, and developing agents.  Most of all quit accepting excuses for poor performance from yourself and your team members, raise your expectations and implement a rigorous accountability process.
  •  This starts with your team activity-if you are not meeting standards. How can you expect to hold your team members accountable?.  In management, you don't get what you want - you only get what you expect and inspect.  Remember, you manage things - you lead people.
  •  Training: CD’s, books and one -day seminars are fine for intellectual learning or external motivation, but if you want to be a better golfer, pianist - or a better sales person, you must practice and develop new skills.  Selling is a skill that can be taught, learned, and mastered over time, where there is the necessary motivation to learn.
  •  Phone scripts, rebuttals and trial closes are intended to assist in moving your management and sales career forward or allowing you to increase you current volume of business.  Remember these are only meant to be sales tools, they do not work, you and your team have to work them.
  •  The key is to do enough of the right things, enough of the time.  Give success time to happen-and do something today to make it happen!  The clock starts NOW!
  •  Click here for more trainings you can view or attend  Click here to book your next training or get pricing information  Click here for articles, see who uses us, see video shorts on different topics  Have a question – call 865-776-7632 TODAY!