The reason is very simple. Once you start to sell, they will not buy for any one of the four reasons :
- Your price is too high
- We do not have the budget.
- We already have another supplier, and the worse is,
- I do not like your company (for some rhyme or reasons).
SO Stop
selling!
The other reasons are as follows.
Let's
start with a controversial statement and one that flags the need for sales
forces to recognise they have to adapt to stay relevant in today’s market
reality.
To raise
your professional sales capability, stop selling! There is
a strong reason to “stop selling”.
Buyers
are better trained and better equipped nowadays, and they do not want to be
sold to. They do not need or want a sales pitch.
Hence,
sales teams have to play “catch up” on acquiring new skills and adapting to the
new reality.
Research
from Chief Sales Officer Insights indicates that the number of sales forces
hitting their goals and targets hovers around the 50% mark, so there is a
strong message to sales people: Adapt or become irrelevant.
In Jim
Collin’s book Good to Great, he writes: “Get the right people on the bus, in
the right seats, and get the wrong people off the bus.” He makes a valid point.
Further
comprehensive and validated data is available from the Objective Management
Group, the pioneers of sales specific assessments.
Founder
and chief executive officer Dave Kurlan says: ‘‘We started designing and
developing sales specific assessments in the late 1980s.
“Tools
available then were limited to, or based on, personality or behavioural tools
that had been adapted to sales, which is pretty much the case today.”
Kurlan
adds: “Over those 20-plus years, we have evaluated more than 500,000 sales
staff, over 50,000 sales managers and more than 8,800 sales forces across a
diverse range of industries around the world.”
The
validated data that has emerged should cause concern:
1)
·85% of
sales forces have no formal sales process;
2)
·32% of
sales staff cannot/will not sell;
3)
·61% of
sales staff sell inconsistently;
4)
·Just 7%
of sales staff sell consistently;
5)
·21% of
sales staff cannot be trained;
6)
·45% of
sales managers struggle to manage effectively;
7)
·Few
sales forces have genuine new business sales staff, that is hunters; and
8)
·There is
a mismatch in sales role allocation.
The good
news is that the data indicates that the average growth potential of a sales
force today is a whopping 85%.
Kurlan
says: “Show me any chief executive office or vice-president of sales who would
not be happy to have a genuine 20% uplift in revenue, let alone 85%.”
There is
an inescapable fact — sales forces are leaving millions of dollars on the
table.
Sales
forces need to redesign their entire sales approach by moving away from “hard
selling”.
They have
to diffuse the pressure they create for themselves, thereby taking the pressure
off the buyer.
Buyers
want to engage in a business conversation, not a sales pitch. That requires a
different combination of skills over and above traditional sales skills.
Buyers
have a variety of issues, problems, perspectives, styles and personalities.
They are
rightly demanding that the salesman has business acumen and is not simply
focused on “selling what he has in the bag”.
Skills
The skill
set of sales staff will need to look something like this:
1)
·Business
skills/acumen,
2)
·Communication
skills,
3)
·Listening
skills,
4)
·Empathy
skills,
5)
·Presentation
skills,
6)
·Negotiation
skills,
7)
·Thinking
skills, and
8)
·Decision
making skills.
Characteristics
A
well-developed sales force will have the following characteristics:
1)
·Learning
and development is seen as an ongoing and frequent investment and not simply ad
hoc sales training which does not work;
2)
·Daily or
weekly online and offline coaching, developed by great sales management;
3)
·Access
to learning and development workshops;
4)
·The
right people in the right roles based on an accurate evaluation, not gut
instinct;
5)
·Customised
training. The notion that all sales staff need the same training at the same
time is frankly naïve, yet it happens frequently today;
6)
·Only “A”
players, whether they are salesmen or sales managers;
7)
·Accountability,
with no excuses; and
8)
·A
compensation/benefits package that reflects and rewards great performance.
Makeover
needed
- The sales force recruitment process needs a makeover.
- Wrong sales hires at any level cost money and potentially damage a brand.
- The Objective Management data points to a robust 10-step process for sales personnel recruitment and that includes evaluating/assessing every applicant at the outset, not just those on the shortlist.
- Many sales recruiters are missing both the critical skills and the major weaknesses in candidates that will determine sales success because subjectivity in selection is alive and well.
- Sales managers and recruiters still hire people in their own likeness and, while understandable, the approach is flawed. – Singapore Straits Times/Asia News Network
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