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Sales Management Training: How To Turn Your
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Published on this site: July 27th, 2007 - See more articles from this month
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Most business leaders don't know how to structure their sales
organizations or even themselves for maximum productivity. They
don't know how to change, adapt and re-organize for new stages
of growth. That's why they spend thousands of dollars looking
for the magic secret to get their sales team to perform like
champion racehorses.
I learned the secrets to building heavy-hitter sales
organizations while working for billionaire businessman, Charlie
Munger. I doubled the sales of the first company given to me in
just 15 months. And, I doubled the company's sales three years
in a row. The lessons I learned here, I now teach to Fortune 500
corporations and other prestigious companies worldwide.
The techniques I used are remarkably simple.
Here's how I
doubled the company's sales 3 years in a row:
I put into place the policies and procedures that made every
single sales representative perform like a top producer. I
systematized the complete sales process. These should be normal
business procedures. But 99.9% of all companies don't do it.
Turning your sales reps into top producers
In most sales organizations, the sales are ad-hoc. Everyone's
running around doing what they think is best. And, management
sets very little or no minimum standards of performance.
For example, do you have a standard for the types of accounts
your salespeople should go after? I bet the answer is no!
Have you worked on this aspect of proper targeting? What are
your sales representatives going to present? What are the top
five strategic objectives you want to achieve from every
interaction with every buyer? Have you seriously sat down and
talked about that and planned that out? Did you practice it,
role-play it and polish it to a fine luster?
If you want to get more appointments and double your sales, you
need to keep setting higher and higher standards. You need to
raise the bar on what I now call "the minimum acceptable level
of performance."
Here's how you can raise your sales organization's minimum
acceptance level of performance:
To double my client's sales in less than 15 months, I first
motivated the sales reps to go out and complete various
assignments. They came back the following week and reported what
happened, where they succeeded, where they failed, and where
they struggled. Then, I went to work and tuned-up each subtle
nuance of getting around the gatekeeper.
I meticulously worked on the exact telephone pitch to use. I
discovered the five to seven elements of what would make
prospects want to meet with the sales reps. I taught them three
to five ways to not let prospects hang up on them. You wouldn't
believe how much I had to work on "the close" of a telephone
pitch.
Then I role-played the heck out of the reps. My goal was to
improve every little word in every sentence.
Within about ten weeks, meetings started to pop left and right.
The client that was getting a few lousy appointments per week
were now getting 30 appointments per week with the exact same
sales team.
And here's the kicker: ALL of the meetings were with "dream"
prospects. Instead of working with whatever company they thought
of at the time, sales reps were only allowed to work on the "dream" prospects.
Sales reps started to get huge meetings with huge prospects.
Every deal was a monster. Previously the client only had a few
monster prospects in play. Now they're in play with 20 to 30
monster prospects every single week.
But it didn't stop there.
If you want to double your sales, you have to systematize the
complete sales process.
The more you can systematize the sales process, the more you
can rely on excellent selling going on in your organization.
That's why I started working on the client sales meeting
itself. I analyzed the first thing the sales reps did when they
walked in. I helped them figure out the exact questions the
sales reps are going to ask and why they're going to ask each
one of them.
Then I analyzed the presentation. If you know my material, you
know how devoted I am to a great presentation. I worked with the
sales team to "set the buying criteria" in that meeting. You
want to set it righteous. You want to make yourself the absolute
most logical choice. And you simultaneously want to dis-empower
all of your competitors completely.
I helped the sales team create the strategic objectives they're
looking to accomplish with every possible customer interaction.
Then we figured out, how they would be met? And what the next
move would be?
We even narrowed down what the ideal sale was and then what are
the five layers of alternatives below if there was no way they'd
be able to close the ideal sale.
The sales team got so good at closing prospects for a meeting
that many would cool off and cancel once they were out from
under the white-hot heat I had perfected in the sales pitch. So
I systematized the process even further and put into place three
separate steps to make sure no one cancels anymore. They company
went from a 25 percent cancellation rate to only one in 30
canceling.
I was able to double sales because I was sure of what a top
producer would do because I was one.
I knew what systems and procedures to develop because my
instincts in this area are all natural. It's all part of my
innate psychological profile.
Top producers respond perfectly to rejection by becoming more
effective. They become more aggressive when someone is brushing
them off. Top producers are more persuasive if someone isn't
buying.
These steps can be honed into every aspect of your sales
process. You too can turn regular salespeople into top
producers. You just have to drill down like a scientist into
each and every aspect of the sales process.
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Chet Holmes: Jay Levinson of Guerilla Marketing says,
"Business Growth Expert, Chet Holmes has the best ideas you will
ever hear on super-fast business growth." Learn Chet's top four
incredible concepts that will double your sales in the next
twelve months. Live videos for free: http://www.howtodoublesales.com
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