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VSA Webinar: Four Keys to Effective & Superb Coaching

  1. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Presented by PJ Nisbet and Candice October FourKeystoEffective &SuperbSales Coaching This document contains proprietary information of ValueSelling Associates. Its receipt or possession does not convey any rights to reproduce or disclose its contents or to manufacture, use, or sell anything it may describe. Reproduction, disclosure, or use without specific written authorization of ValueSelling Associates is strictly forbidden. Complimentary Webinar October 17, 2019
  2. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Follow and engage with us! ValueSelling- Associates ValueSellingAssocValueSelling Associates @Valuselling #ValueSelling #VSAWebinar #KeepItSimpleDriveResults
  3. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework®© 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Presented by Candice October Managing Partner PJ Nisbet Managing Director EMEA
  4. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework®© 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Agenda • What is sales coaching and why you should make it a priority in your business • The common challenges of sales coaching • What makes a good coach • Four fundamental coaching principles
  5. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Poll #1 • What best describes your role: ─I am a sales coach who also manages people. ─I am a sales coach who does not manage people. ─I am a sales trainer who also coaches. ─I am a sales manager or leader. ─I hope to become a sales coach or manager.
  6. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® 10% Urgent 20% 70% The top 20% bring in 62% of the revenue! Number Of Sales People Performance HighCoreLow The Enablement of Sales Talent 80% of the sales force only brings in 38% of the revenue
  7. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Three barriers to performance development • Will (attitude) ─ “I will” or “I won’t” • Skill (ability) ─The “I can” or “I can’t” • Hill (environment) ─How easy or difficult is the environment, processes, personal issues, etc.
  8. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Definitions • Teaching and training involve an expert teacher who imparts knowledge to their students. • Mentoring is similar to coaching. There is general agreement that a mentor is a guide who is more skilled, knowledgeable and experienced, who helps someone to learn or develop faster than they might do alone. • Coaching involves the belief that the individual has the answers to their own problems within them.
  9. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Manager Coach Evaluator Developer Expert Resource Directive Communication Questioner/ Collaborator Managing Coachingversus
  10. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework®© 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Importance of coaching • 70% of the skills gained during sales training will be lost within three months without reinforcement. In addition coaching is the most effective method to reinforce the skills learned in sales training. (ATD) • Sales people who receive as little as 3 hours of coaching per month, perform 15% to 17% better, than their peers. (SMA)
  11. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Poll #2 • What gets in the way of your coaching? ─It takes too much time. ─I am not confident in my coaching skills. ─I’m not expected to. ─I don’t get coached myself – so why should I coach? ─Other?
  12. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Common challenges of coaching • Time - not a priority • Lack of understanding of the value of coaching • Personality clashes with the person you are coaching • Lack of coaching skills
  13. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Sales Coaching? 13 Insert video here, Stretch proportions to fit black area
  14. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® What makes a good coach? • Trustworthy • Self aware • Knows their team • Positive • Gives encouragement • Checks their egos at the door
  15. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® COMMUNICATION 1 4 keys to coaching fundamentals Can you deliver a message?
  16. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® OBSERVATION 2 4 keys to coaching fundamentals Can you get on the field?
  17. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® LISTENING 3 4 keys to coaching fundamentals We don’t learn when we talk (just like Sales)
  18. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® TECHNICAL SKILL 4 4 keys to coaching fundamentals Can you role- model behavior?
  19. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® The Coaching Tools Utilisingthe ValueSelling Framework® • The ValuePrompter • The Mutual Plan Letter • The Opportunity Assessment Tool
  20. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Using the ValuePrompter® as a coaching tool
  21. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Key Question Types Probing Questions Raises issues that didn’t surface on their own. Used to differentiate and create need for your products and services. Open-Ended Questions Designed to surface the sales rep’s view of current conditions. Confirming Questions Verifies shared understanding and confirms what we heard the sales rep say.
  22. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® OPEN PROBE CONFIRM OPEN PROBE CONFIRM OPEN PROBE CONFIRM OPEN PROBE CONFIRM OPEN PROBE CONFIRM © 1993-2018 ValueSelling Associates, Inc. All rights reserved. BUSINESS ISSUE: ANXIETY QUESTION: CONTACT: Sales rep’s #1 priority or objective; measurable and is time-bound (meet or exceed quote/ target) PROBLEM SOLUTION VALUE POWER PLAN …use Open questions to determine how would resolving these issues impact the rep on both a business performance and personal levels Any additional value(s) Who else needs to be involved? What’s your plan to take action on the above items. Document key activities …use Open questions to get rep’s view of situation …ask Probing questions to help the rep to self discover ...use Confirming questions to ensure that you’ve gotten all the issues surfaced and you understand them …begin with Open questions to get the rep’s views on what they think it will take to resolve their issues …use Probing questions to introduce new thoughts and continue the self discover process …use Confirming questions to verify your understanding and achieve a VisionMatch with your rep
  23. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® OPEN PROBE CONFIRM • What might be the impact if we can get you these best practices/tools? • I could create better demand for what we do, and grow my revenue. • Anything else? I would be much more motivated to succeed if you coached me more positively. • Would best practices for getting to power be helpful? Could we agree on X more prospect mtgs. per week if you had some sample cold calling scripts? • Your average sales cycles is X months; could we shoot for Y months by always preparing a mutual plan? What’s our plan to improve your performance? Let’s agree on certain steps; which do you think you should own? • Do you need assistance from anyone else in our Org.? • Who might that be? OPEN PROBE CONFIRM OPEN PROBE CONFIRM • So what stands in the way of your success? • My prospects think all the solutions are pretty much the same, so it appears our value proposition is weak. • What else? You don’t know how to manage me and I find your attempts very un-motivating. • Anything else? I’m struggling to get to power. • I’ve noticed you’re making fewer cold calls than… Is it fair to say cold calling is tough in general? Why? • Is it fair to say you’re not creating mutual plans with your buyers so sales cycles are perhaps longer than need be? • What do you need to be more successful? • Defining our differentiators against each competitor would help. • What else? You should take a workshop in coaching. • Anything else? I guess best practice strategies for accessing power would be helpful. • Would best practice strategies for cold calling also be helpful? Would scripts from other RMs be useful? • Might we look at ways to work together to create a few sample mutual plans as well? OPEN PROBE CONFIRM OPEN PROBE CONFIRM © 1993-2018 ValueSelling Associates, Inc. All rights reserved. BUSINESS ISSUE: ANXIETY QUESTION: CONTACT: PROBLEM SOLUTION VALUE POWER PLAN Meet & Exceed Assigned Quota Will E. Makit
  24. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework®© 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.
  25. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework®© 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Questions?
  26. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Go to valueselling.com > resources > webinars to download today’s slides At the end of today’s webinar
  27. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Your Checklist for Closing Deals this Quarter November 21, 2019 | 10:00 AM Pacific SAVE THE DATE
  28. © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® © 2019 ValueSelling Associates, Inc. | Creator of the ValueSelling Framework® Thank you! PJ Nisbet +44 7718 489 422 pjnisbet@valueselling.com /pjnisbet Candice October +44 7399 339 958 Candice.october@valueselling.com /candice-october-6a77b925
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