Colleen’s Blog

I have been spending a lot of time in workshops so far this year and the number one thing sales reps ask me is how you move beyond the pricing objection and here is what I’m discovering.

I'm not ready to stop sharing the Wells Fargo fiasco and what it means for us as professional sellers. Today, we are hearing about sales targets. The average American has 3 accounts at their bank. Wells Fargo decided to set 8 accounts per person as their target. Why 8?

Smaller businesses sometimes don’t have the resources to dramatically increase the size of their sales teams in order to drive more revenue at an accelerated pace. So here is my tip for you.

Let's call a spade a spade. What Wells Fargo did was illegal. They used private customer information to create bogus accounts, forged signatures and authorized charges that customers were not made aware of.  I, for one, am sick of the media and the banks pussy-footing around with their language describing what happened. "Even U.S. Treasury Secretary Jack Lew weighed in on the Wells Fargo scandal, calling it a "wake-up call." "This is unacceptable behavior -- and it's the kind of behavior we need to be able to catch and stop," Lew said on Tuesday at the Delivering Alpha conference in New York." No Lew, it's not unacceptable.  It's illegal. The fines and firings are a good first step, but shouldn't someone be charged with forgery? You stop it by showing the bank that you are not afraid to press charges. Allowing the VP who oversaw the division that committed fraud to 2,000,000 customers to retire quietly with $125 million is not the right message to send.

It's been an exciting weekend at the Olympic track this week and no one better displays the Olympic spirit than the two middle distance runners Mo Farah from Great Britain (Gold medal men's 10,000 meters) and Ethiopia's 3000 metre steeplechaser, Entensh Diro. In a true to life Chariots of Fire moment, Farah went down hard  half-way through his race, picked himself back up and went on to win. The last 2 laps are some of the best racing I have ever seen and (disclaimer, Farah is a track idol of mine) it's no surprise I was yelling at the TV.

You can discuss sales strategies, ideas, tips and methods to no end. You can set sales targets for your team to hit, implement a promising new strategy and motivate your sales reps with morning huddles. But, when the day starts, it's up to your team to do the work and create the results. Salespeople don't always struggle due to weak strategy, at times poor productivity habits will seriously hinder their progress as well. Let’s cut to the chase. The best way for your team to achieve true productivity in their work day is to ask them to cut off all inbound access. Now, before your jaw drops too low, let me clarify that you should only ask that they do so temporarily, ideally an hour or two each day. Consider asking them to turn their phone to silent or completely turning it off. They will also benefit from logging out of their email inbox while they work through important tasks. When your team is focusing on outbound business development prospecting, they should not have to deal with distracting, time-consuming tasks which take the focus out of their work day. It's great to be able to multitask, but your team will always be able to accomplish more by laser focusing on the task at hand. Want a perfect example of how this simple tweak in productivity can benefit your team?

You offer a great service and haven't received any complaints. Yet, you still feel a void between yourself and your client. Emails and calls are short and to the point, and you may even feel anxious about your client ending the business relationship unexpectedly. You never really know where you stand with your client, professionally and personally. Have you felt like this before? Many salespeople and business owners have. I've said it before, and I'll say it again. What truly defines a great salesperson isn't what happens during the sales process, but what happens afterwards.

A long time client of mine had their sales targets set by the board of directors in isolation of a market assessment or a discussion with the sales leaders. They announced the targets to the street before any discussion. The expected growth is unattainable but it's too late...the expectations have been set. It's half way through the year and one region is meeting target, until a production problem reduces quality to such a low level that customers are returning product faster than they are buying it. In this market, where the selling season is finite and the number of customers are static, making up the lost revenue is impossible. To the team, the sales year is over.