“I don’t have time for another one of these!  I’ve got to be in-front of my customer!”

Have you heard that from your sales force lately?  Maybe someone’s even said it today.  The “these” referenced above are the multiple internal tugs at a sales force’s time…things such as meetings, surveys, reviews and trainings that internal partners hold.

Why are these things so problematic? Because time spent fulfilling internal company requests is time NOT spent selling.

So how do you ensure that the sales force has time to achieve its primary objective of selling while still meeting the demand of valuable internal requests?

We profiled an organization that tackled this challenge head on…Schneider Electric (one of the world’s largest manufacturers of equipment for electrical distribution and industrial control and automation) came up with a pretty straight-forward solution: they put a communications screening process in place.  Read More »

This is the time of year where many organizations are finalizing changes to their 2012 compensation plan for the sales force.  While it can be a tricky time (as we must always be careful to avoid misunderstandings from the sales rep community around the new plans) – it really doesn’t have to be…

When it comes to structuring an effective compensation plan, the first thing to know is that communication can be even more important than the design of the plan itself.

The compensation plan will not be effective if reps do not believe that it is fair, and communication matters nearly twice as much as plan design in driving perceptions of fairness.  In fact, in our research we found that Sales employees who believe pay processes are fair exhibit 60% more effort than those who do not.

(SEC Members, read more about the two key components of comp plan fairness, which your communications efforts should strive to emphasize.)

It’s also worthwhile to keep in mind that communications from the frontline sales manager community are two times as likely to positively impact sales employees’ belief in the fairness of pay processes than communication from the compensation function.

That said, from time to time, we still need to drive communications from the organization around compensations plans.  So, here are five rules we see the best companies follow when looking to maximize sales force buy-in to the comp plan: Read More »

Wonder why you’ve seen increased Inside Sales turnover in your organization recently? Is it because reps are dissatisfied with their compensation package or working environment? Is it their relationships with immediate team members and managers? What about career opportunities?

As our members have recently shared on our Talent Management Discussions Forum, providing clear growth opportunities in the organization is key to keeping your Inside Sales reps satisfied and engaged.

What exactly does “flexible career opportunities” mean though?

Inside Sales is a position that often has undefined next steps for advancement. What about those Inside Sales employees who, over time, may want to work in the field or transition into a management type role? Read More »

In today’s consensus-driven sales environment, we all agree that engaging the right customer contact is a critical linchpin in deals progressing forward. While we know the best reps lead with insight to challenge customers’ assumptions, who your reps challenge can drastically change the course of a deal. So who are the right customer stakeholders to work and how can we help our reps find them?

Sales managers and trainers typically advise our reps to find a ‘coach’ or ‘advocate’ to help move a sale forward within a customer organization – preferably someone who is willing to talk, provides critical information, and who can network the rep with other stakeholders, among other qualities. And once reps find this individual it’s a clear path to the corner office and a closed deal, right?

Wrong.

It turns out that asking reps to go and find this kind of customer stakeholder is like telling them to find a unicorn. SEC analysis found that the combination of attributes that make an ideal advocate exist in less than 1% of individuals – while customer stakeholders may show some advocate qualities, they just don’t have it all. Read More »

Do you ever feel like your salespeople forget almost everything you coach them on? There are few things more frustrating than a seller repeating the same mistakes over and over, no matter how hard you try to show them the better way.

Why does this happen?

An easy conclusion to draw might be that our salespeople are simply hard-headed. As one sales trainer recently joked to us, “The term ‘adult learner’ is HR-speak for ‘excruciatingly-slow learner.”  And while there may be some merit to this suggestion, our research also tells us that there is another side to this story. While salespeople may at times be slow – or even outright resistant – to behavior change, many managers may also be coaching in all the wrong ways.

Here’s how:  A little known fact is that there are two very distinct types of sales coaching – Deal-Level and Skill-Level. Both are important, yet data from our Coaching Pulse Survey consistently shows that most of us over-prioritize Deal-Level coaching at the expense of Skill-Level. This may have worked in years past, but it becomes highly problematic in the age of Challenger Selling.

Here’s why: Read More »

Is your sales force experiencing increasingly stalled business, extended cycle times, and inaccurate forecasts? If so, it’s time to revisit your sales process and take a hard look at how your customers buy.

Traditionally, companies have taken an inward approach to developing their sales processes—they typically only consider internal senior management requirements that make management and forecasting easier (or so they thought…). Unfortunately, the glaring problem with this approach is that it does not take into account where customers actually stand in the sale.

For most reps, following the traditional sale process is all about providing certain tools and information to the customer to quickly move them to the next step in the sales funnel. However, reps miss a key step here–they take for granted that customers are ready to move on and often end up outpacing them in the deal. As a result, many companies find their reps’ books of business bogged down with deals stuck in limbo. Read More »

In the Sales world, the start of a new year often brings with it a fervent roll out of new compensation plans. It’s the one activity that garners the most interest from all quarters of the sales force. After all, a good compensation plan can drive the right behaviors, and retain and attract top talent.

The compensation plan design process itself is anything but simple though. Its scope overlaps with the domain of multiple functions—Sales Ops, HR, Finance, and Legal being the most vocal participants and stakeholders. Each, with often competing interests, claims ownership of sales compensation design. It’s no wonder we see compensation plans often stray away from the broader business goals of the organization.

Who then is best suited to own sales compensation? Read More »

A recent blog post on Harvard Business Review titled, “I Don’t Understand What Anyone Is Saying Anymore,” was unfortunately very relatable.  The core of the article explored how business conversations have evolved into bits of nonsense (e.g., “synergy”, ”value-add”) that make understanding each other much more of a challenge than anything else.

We all fall victim to the excessive use of acronyms from time to time.  And while I too find myself guilty of using a lot of acronyms, I also related to something else in the piece, because its description ties perfectly to research produced by both the SEC and our sister program, the Customer Contact Council:

“Another term that has lost its meaning is ‘Let’s exceed the customer’s expectations.’ …Customers almost universally never experience their expectations being met, much less exceeded. How can you exceed the customer’s expectations if you have no idea what those expectations are? I was at a [hotel] a few weeks ago. They had taken this absurdity to its logical end. There was a huge sign in the lobby that said, ‘Our goal is to exceed the customer’s expectation.’  The best way to start would be to take down that sign that just reminds me, as a customer, how cosmic the gap is between what businesses say and what they do…”

While this was a retail customer setting, the same principle holds true for sales and service organizations.  Attempting to exceed customer expectations is a losing battle. You’ll unnecessarily spend resources trying to delight your customers, when research shows that doing so has only a marginal impact on customer loyalty.   Read More »

The Council frequently refers to a new breed of high-performing reps–Challenger Reps–in our blog posts and research. But do you find yourself wondering—how do I actually build Challenger reps? Because the three key Challenger skills (teaching, tailoring, and asserting control) are tacit skills, typical approaches to upskilling often are insufficient.

Classroom training alone fails to deliver impact because tacit skills are difficult to describe in written materials such as job aids or a how-to manual, and manager coaching also can be inadequate because it’s hard to explain intangible concepts.

Instead, to truly internalize these skills, reps need practice. We’ve all heard a lot about experiential training, but does it actually work?

The answer is yes, tacit and intangible skills are best taught through experiential training. But it must be the right kind of experiential learning. You cannot risk reps practicing new skills with a customer and, as a result, we often see companies using role-plays.

But, how ‘real’ are our role-play programs? Read More »

“Never make forecasts, especially about the future”
-Samuel Goldwyn

While the quote in the title is tongue-in-cheek, in Sales, forecasting is a fact of life.  And many members lament that the quality of their sales forecasting is lacking.  Information isn’t always entered by the sales force – and if it is, it might not be accurate – and even then our ability to analyze the information may not be up to par.

So to help us out, I went to the definitive source on financial tracking and analysis – the CFO suite.  I sat down with Myles Vander Weele, Executive Advisor with our Corporate Finance practice, to talk about sales forecasting from Finance’s perspective.

According to Myles, forecasting is a critical responsibility of Corporate Finance.  They work to figure out what the organization is capable of and then set targets to track actual performance against those expectations throughout the year.   “Since forecasts are assumptions,” says Myles, “Finance continuously checks to determine how the business is performing relative to those assumptions.”

And, getting sales forecasting as accurate as possible is critical to a well run business.  As Myles explains, “Sales forecasts help the company make better decisions on how to manage spending and what expectations they should be setting with investors.”

However, relatively speaking, forecasting Sales is difficult. Read More »