Top Sales Performance
  The Key Factors to Success


      HartMagneet



                          Author: Ron Jacobs
                          Date: 10 February 2012
                          Version: 1.0
The outline..



                                            This presentation outlines the six common Success
                                            Factors which leads to Top Sales Performances…

                                            … and reveals how HartMagneet helps to unleash
                                            the maximum talent of your sales team…

                                            .. and how to ignite the synergy in the whole system
                                            to create a difference that makes the Difference.




Source: 2011 - Research findings conducted by
Nightingale Conant. 2,663 sales organization from
the USA and Europe
The landscape

                                          1. Sales is the lifeblood of any company

                                          1. Million of dollars have been spent to let the
                                             sales grow.

                                          2. However just a few companies have been able
                                             to grow their sales steadily, not just in good
                                             times

                                          3. Most Sales leaders don’t believe anymore in the
                                             classical Command and Control approach.




Source: 2011 - Research findings conducted by
Nightingale Conant. 2,663 sales organization from
the USA and Europe
Research with Sales Leaders shows us…




Peak performers are more balanced in the different stages of the sales cycle.
In particular during the Prospecting stage they outshine.
                                                                     Source: 2011 - Research findings conducted by
                                                                     Nightingale Conant. 2,663 sales organization from
                                                                     the USA and Europe
And….




We invest a lot about Consultative selling but not utilizing the power of it.
                                        ….
And we are busy with a lot of other things..
                                                                          Source: 2011 - Research findings conducted by
                                                                          Nightingale Conant. 2,663 sales organization from
                                                                          the USA and Europe
The Key to Top Sales Performance

       Most sales leaders grasp the concept of activity
       management, skills development and knowledge
       development, which for sure are important.

       Intuitively, Sales leaders also understand the vital
       importance of the right mindset, tackles the self-limiting
       beliefs and turn the negative beliefs into positive,

       Those leaders who embrace and balance both
       approaches will found an unbeatable path to success.

       HartMagneet has defined six common Key Success
       Factors based on seventeen years best practice
       experience in Sales, extensive research and
       professional intuitional expertise.

       We support companies to define, to build and to
       execute on this path to success.
The Six Key Success Factors (KSF)


    1. Put the Customer always First

    2. Well defined Sales Process

    3. Master Skills set

    4. Focus on Salespeople’s Activity

    5. Resolve negative mindset and Self-limiting Beliefs

    6. Good Sales Leadership
KSF   1      Put the customer always first
      Issues
      • Salespeople have often more attention for what’s it for me? instead
         what’s it for my customer? Incentives, career.
      • Go to market models contains conflicting situations
      • Too many products, too many incentives programs, too many solution
         sets, conflicting situations causing a lot of confusing internally as well as
         externally.
      • Too munch focus on the sales process and what the management will
         think about the progress.
      • Compensation models influence the behavior of the sales people which
         doesn’t mean there are in line with the customer expectations.

      Creating Customer value starts with listening with an open mind to
      your customers.

      Solutions
      • Invest in joined value creation shops with your customers
      • Get deeper insight in the connection with your customer. Look to implicit
         aspects as well, like attention, trust, service minded, perception.
      • Build end user propositions for different audiences and responsibility
         levels: strategic, tactical and operational
KSF   2      Well Defined Sales Process
      Issues
      • Far too often salespeople focus on the quickest and biggest win without
         a well develop plan. They are dancing around.
      • A lack of plan is often fatal. Research from PLC shows that 60% of
         clients buys after 5 No’s. Yet 44% of salespeople gives up after the first
         No. 22% After second and 14% after third.
      • If the effort don’t pay off quickly enough they get discouraged

      A discouraged sales force, diminished sales efficiency consequently
      increased cost of sale.

      Before a process can be managed, it must be manageable.

      Solutions
      • Developing a consultative sales process. Formal, realistic and step-by-
         step outline of what sales people are expected to do.
      • Monitor the activities. Asses problems. Redirect individual sales
         representatives effort efficiently
      • Overcome implementation Inertia.
      • Involving customers
      • Identifying best practices
      • A Sales process provides a foundation for competency development
KSF      3       Master Skills Set

Issues
• The war for talent. Great people will work for companies who invest
   significant in skills development.
• Current stock market ethos creates a powerful disincentive to invest in
   their people.
• Difficult times, cut back on training.
• Training most often a one-off shot with too much theoretical focus.
• Though climate demands a far wider range of skills than ever before.

Selling these days is both an art and a science.

Solutions
• Invest more in coaching, mentoring and training on the job.
• Less training with higher expectations.
• Ongoing Reinforcement, Continual is the key word.
KSF   4    Focus on Salespeople’s Activity
          Issues
          • To pitfalls in terms of salespeople activity. First, they simply aren’t doing
             enough. Enough calls, face-2-face meeting, etc.
          • Secondly poor quality activity. They spend to less time on qualifications.
          • How to divide their time between servicing existing customers and
             generating new business.
          • Harder rather than Smarter
          • Speed of relaying customer information, often very inefficient.
          • Managing existing customer, salespeople loss attention. Called the
             Relationship gab.

          A common approach among sales today is ‘Spray and Pray’.

          Solutions
          • In general the more focus sales activities the greater number of
             opportunities they create.
          • Vitally important is managing existing customers to consolidate and
             grow the relationship. Pareto’s 80/20 rule. 80% sales generate from 20%
             of the customers.
          • No rating will keeps sales waiting. Priorities prospects.
          • Questions are the answers. Five qualification questions for sales leaders
             to manage effectively salespeople’s activities.
KSF   5    Resolve Negative Mind set

      Issues
      • Lack in believe in themselves, their product, the company vision, they
         unconsciously transmit their attitude to prospects.
      • A downward spiral. Salespeople who believe that if they had cheaper
         prices, they would win more deals, tend to attract more price objections.
      • Call Reluctance. Study found out that 40% of experienced sales people
         had severe reluctance to threaten their livelihood in sales.
      • Feeling powerless. Many sales leaders grabs the concept of activity
         management and finding difficulties to tackle the negative beliefs of their
         sales people.

      Research show that when these limiting believes are eliminated, sales
      increased by approximately 25%.

      Solutions
      • Beliefs do change.
      • Peer groups can exert positive pressure. Find an individual with an
         empowering belief and share with the rest.
      • Challenging limiting beliefs.
      • Building self worth. Invest in Self-esteem. Salespeople really need to
         believe in their own product.
KSF   6    Good Sales Leadership

  Issues
  • Some companies promoting there number one sales person.
  • Insufficient time for sales team development. Too much focus on the
     sales result.
  • Lack of skills and resources. It then becomes easier not to bother.
  • An overwhelmed manager. Most sales teams consist of number of
     individuals with different levels of expertise. So the whole issue of
     developing the team becomes too daunting.
  • Setting a bad example. Falling behind on sales. First reaction is to drop
     the price.

  Good Sales leaders are able to demonstrate an ability to help others
  strategize, work effectively with customers and build sales self
  confidence.

  Solutions
  • Providing development for sales managers
  • Providing resources to motivate development sessions
  • A strong coaching culture.
  • Development resource are easy to use, are to designed to appeal and to
     engage sales people regardless their experience level.
  • Resources are available manageable pieces so the team can absorb
     and actually implement new ideas.
4 steps approach to Success


    Step 1 - Diagnose current situation in relation to the six KSF’s.

    Step 2 - Define improvement areas

    Step 3 - Build a improvement plan

    Step 4 - Execute using the six stages of change.
The six Stages of Change

  Stage 1 - Loss to Safety
  Admit that regardless of whether or not you perceive the change good or bad there will be a
  sense of loss of what was.

  Stage 2 - Doubt to Reality
  You struggle to believe that the change is valid.

  Stage 3 – Discomfort to Motivation
  The change and all it means has become clear. Frustration takes rules until possibilities takes
  over.

  The danger zone
  Important place you make the choice to really discover the possibilities of the change. You are
  optimistic about a good outcome.

  Stage 4 - Discover
  Discover the light at the tunnel. Perspective, anticipation and a willingness to make decisions
  gives a new sense of hope and control

  Stage 5 - Understanding
  You understand the change and are more confident, and the behavior is more productive.

  Stage 6 - Integration
  You have regained your ability and willingness to be flexible. You have insights into
  ramifications, consequences and reward of change.
In conclusion


• Sales, in particular prospecting is the life blood of
  your company.

• Success in not a coincidence. Six KSF’s.

• Intuitively Sales is of vital importance.

• Tackling self limiting beliefs will unleash the
  maximum talent of your sales people

• HartMagneet helps on the path to success
THANKS

The Power of HartMagneet

Top sales performance

  • 1.
    Top Sales Performance The Key Factors to Success HartMagneet Author: Ron Jacobs Date: 10 February 2012 Version: 1.0
  • 2.
    The outline.. This presentation outlines the six common Success Factors which leads to Top Sales Performances… … and reveals how HartMagneet helps to unleash the maximum talent of your sales team… .. and how to ignite the synergy in the whole system to create a difference that makes the Difference. Source: 2011 - Research findings conducted by Nightingale Conant. 2,663 sales organization from the USA and Europe
  • 3.
    The landscape 1. Sales is the lifeblood of any company 1. Million of dollars have been spent to let the sales grow. 2. However just a few companies have been able to grow their sales steadily, not just in good times 3. Most Sales leaders don’t believe anymore in the classical Command and Control approach. Source: 2011 - Research findings conducted by Nightingale Conant. 2,663 sales organization from the USA and Europe
  • 4.
    Research with SalesLeaders shows us… Peak performers are more balanced in the different stages of the sales cycle. In particular during the Prospecting stage they outshine. Source: 2011 - Research findings conducted by Nightingale Conant. 2,663 sales organization from the USA and Europe
  • 5.
    And…. We invest alot about Consultative selling but not utilizing the power of it. …. And we are busy with a lot of other things.. Source: 2011 - Research findings conducted by Nightingale Conant. 2,663 sales organization from the USA and Europe
  • 6.
    The Key toTop Sales Performance Most sales leaders grasp the concept of activity management, skills development and knowledge development, which for sure are important. Intuitively, Sales leaders also understand the vital importance of the right mindset, tackles the self-limiting beliefs and turn the negative beliefs into positive, Those leaders who embrace and balance both approaches will found an unbeatable path to success. HartMagneet has defined six common Key Success Factors based on seventeen years best practice experience in Sales, extensive research and professional intuitional expertise. We support companies to define, to build and to execute on this path to success.
  • 7.
    The Six KeySuccess Factors (KSF) 1. Put the Customer always First 2. Well defined Sales Process 3. Master Skills set 4. Focus on Salespeople’s Activity 5. Resolve negative mindset and Self-limiting Beliefs 6. Good Sales Leadership
  • 8.
    KSF 1 Put the customer always first Issues • Salespeople have often more attention for what’s it for me? instead what’s it for my customer? Incentives, career. • Go to market models contains conflicting situations • Too many products, too many incentives programs, too many solution sets, conflicting situations causing a lot of confusing internally as well as externally. • Too munch focus on the sales process and what the management will think about the progress. • Compensation models influence the behavior of the sales people which doesn’t mean there are in line with the customer expectations. Creating Customer value starts with listening with an open mind to your customers. Solutions • Invest in joined value creation shops with your customers • Get deeper insight in the connection with your customer. Look to implicit aspects as well, like attention, trust, service minded, perception. • Build end user propositions for different audiences and responsibility levels: strategic, tactical and operational
  • 9.
    KSF 2 Well Defined Sales Process Issues • Far too often salespeople focus on the quickest and biggest win without a well develop plan. They are dancing around. • A lack of plan is often fatal. Research from PLC shows that 60% of clients buys after 5 No’s. Yet 44% of salespeople gives up after the first No. 22% After second and 14% after third. • If the effort don’t pay off quickly enough they get discouraged A discouraged sales force, diminished sales efficiency consequently increased cost of sale. Before a process can be managed, it must be manageable. Solutions • Developing a consultative sales process. Formal, realistic and step-by- step outline of what sales people are expected to do. • Monitor the activities. Asses problems. Redirect individual sales representatives effort efficiently • Overcome implementation Inertia. • Involving customers • Identifying best practices • A Sales process provides a foundation for competency development
  • 10.
    KSF 3 Master Skills Set Issues • The war for talent. Great people will work for companies who invest significant in skills development. • Current stock market ethos creates a powerful disincentive to invest in their people. • Difficult times, cut back on training. • Training most often a one-off shot with too much theoretical focus. • Though climate demands a far wider range of skills than ever before. Selling these days is both an art and a science. Solutions • Invest more in coaching, mentoring and training on the job. • Less training with higher expectations. • Ongoing Reinforcement, Continual is the key word.
  • 11.
    KSF 4 Focus on Salespeople’s Activity Issues • To pitfalls in terms of salespeople activity. First, they simply aren’t doing enough. Enough calls, face-2-face meeting, etc. • Secondly poor quality activity. They spend to less time on qualifications. • How to divide their time between servicing existing customers and generating new business. • Harder rather than Smarter • Speed of relaying customer information, often very inefficient. • Managing existing customer, salespeople loss attention. Called the Relationship gab. A common approach among sales today is ‘Spray and Pray’. Solutions • In general the more focus sales activities the greater number of opportunities they create. • Vitally important is managing existing customers to consolidate and grow the relationship. Pareto’s 80/20 rule. 80% sales generate from 20% of the customers. • No rating will keeps sales waiting. Priorities prospects. • Questions are the answers. Five qualification questions for sales leaders to manage effectively salespeople’s activities.
  • 12.
    KSF 5 Resolve Negative Mind set Issues • Lack in believe in themselves, their product, the company vision, they unconsciously transmit their attitude to prospects. • A downward spiral. Salespeople who believe that if they had cheaper prices, they would win more deals, tend to attract more price objections. • Call Reluctance. Study found out that 40% of experienced sales people had severe reluctance to threaten their livelihood in sales. • Feeling powerless. Many sales leaders grabs the concept of activity management and finding difficulties to tackle the negative beliefs of their sales people. Research show that when these limiting believes are eliminated, sales increased by approximately 25%. Solutions • Beliefs do change. • Peer groups can exert positive pressure. Find an individual with an empowering belief and share with the rest. • Challenging limiting beliefs. • Building self worth. Invest in Self-esteem. Salespeople really need to believe in their own product.
  • 13.
    KSF 6 Good Sales Leadership Issues • Some companies promoting there number one sales person. • Insufficient time for sales team development. Too much focus on the sales result. • Lack of skills and resources. It then becomes easier not to bother. • An overwhelmed manager. Most sales teams consist of number of individuals with different levels of expertise. So the whole issue of developing the team becomes too daunting. • Setting a bad example. Falling behind on sales. First reaction is to drop the price. Good Sales leaders are able to demonstrate an ability to help others strategize, work effectively with customers and build sales self confidence. Solutions • Providing development for sales managers • Providing resources to motivate development sessions • A strong coaching culture. • Development resource are easy to use, are to designed to appeal and to engage sales people regardless their experience level. • Resources are available manageable pieces so the team can absorb and actually implement new ideas.
  • 14.
    4 steps approachto Success Step 1 - Diagnose current situation in relation to the six KSF’s. Step 2 - Define improvement areas Step 3 - Build a improvement plan Step 4 - Execute using the six stages of change.
  • 15.
    The six Stagesof Change Stage 1 - Loss to Safety Admit that regardless of whether or not you perceive the change good or bad there will be a sense of loss of what was. Stage 2 - Doubt to Reality You struggle to believe that the change is valid. Stage 3 – Discomfort to Motivation The change and all it means has become clear. Frustration takes rules until possibilities takes over. The danger zone Important place you make the choice to really discover the possibilities of the change. You are optimistic about a good outcome. Stage 4 - Discover Discover the light at the tunnel. Perspective, anticipation and a willingness to make decisions gives a new sense of hope and control Stage 5 - Understanding You understand the change and are more confident, and the behavior is more productive. Stage 6 - Integration You have regained your ability and willingness to be flexible. You have insights into ramifications, consequences and reward of change.
  • 16.
    In conclusion • Sales,in particular prospecting is the life blood of your company. • Success in not a coincidence. Six KSF’s. • Intuitively Sales is of vital importance. • Tackling self limiting beliefs will unleash the maximum talent of your sales people • HartMagneet helps on the path to success
  • 17.