Don’t Coach Your Top Sellers?

They're hitting and exceeding their targets with no signs of slowing down. Should you even bother to coach your top sales performers? I've been working with executives for the last few years on sales coaching practices. I've noticed that many executives are on the fence about whether or not to coach top performers. Let me clear the air.

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Don’t Fix The Wrong Sales Problem!

In Venice last week I learned that locals are leaving in droves. Yes, the water is rising (by 1.5 meters since the city was founded). But the encroaching tides are not the cause for the exodus. Instead, it is high real estate prices.  Only 57,000 locals remain in the city. The bakers are gone; bread is now imported from the mainland. The butchers are gone, the families are gone and the schools are closing. In multiple Piazza’s we saw 1-2 lone children playing in what were once bustling communities.  The city has become a location for “day visitors” as our guide called them, as most tourists don’t even spend the night. Homes are being bought by foreigners who rarely visit, and workers in the hotels and shops commute in and back every day leaving the restaurant patios away from St Mark’s empty. The nights, while peaceful, are somewhat eerie. And it got me thinking.

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3 Steps to Standing Out from The Crowd

What are you currently doing to separate yourself from other salespeople? I don’t recommend locking yourself in a room and working through your days without any interaction with your colleagues, but I do recommend taking steps to truly differentiate yourself and stand out from the pack. If you want to be the best, you must do things that mediocre salespeople are not willing to do. It often takes more effort, but what you will gain from going the extra mile is invaluable. When you show up to work and do exactly what everyone else is doing, you will achieve the same results that they are achieving. When you make the extra effort, you create extraordinary results and make more sales. It’s not just about your sales results. When you stand out from the crowd, you are more likely to move up in your company and receive more opportunities within your own business. Regardless of the industry you’re in, people always respect and admire hard working individuals. Here are a few steps you can take to separate yourself from other sales professionals:

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The Wrong Time to Discuss Pricing

Want to know the easiest way to lose control of the sales process? Time and time again, I’ve seen salespeople hold off on presenting their price to a prospective client until the final written proposal. They don’t bring up pricing in person or before a written proposal is sent because they’re afraid to scare away their potential client. Ironically, by following this methodology, they end up scaring away the prospect anyway. If you avoid discussing pricing options until the very last moment, you make it too easy for the prospect to ignore you. They may love everything about you and what you have to offer, but if the amount they see in writing is not something they’re comfortable with, chances are they will simply avoid discussion rather than initiating it. In their mind, it’s much easier to ignore you than to reach out to you for a chance at a better price. Remember, your buyers fear rejection too! When this scenario unfolds, you lose complete control over the sales process and you make it very difficult for yourself to recover from it.

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Is Variety the Spice of Sales?

You've heard the saying variety is the spice of life before. So, just like many other things in life, keep the word variety in mind when it comes to your sales if you want see greater results. If you’re only using one or two pipeline streams to create more success with your prospecting, you are likely either currently experiencing or will experience less than impressive sales results. Why? Because the goal of efficient salespeople is to fill their sales funnels with the right prospects using multiple pipeline streams. In today’s market, your buyers have access to information anywhere, anytime and on any form of media they desire. In fact, they are often gathering information about you in places you would rather they avoid, especially if you have little to no presence in those spaces. Therefore, you must be ubiquitous! It’s critical that you retain control of all pieces of information about you and your business by embracing all forms of prospecting tools and media. You need to continue using the traditional and direct prospecting tools that you’re used to but you must also begin using indirect tools such as social media and publishing to your advantage. By doing so, you also expand your presence in the market.

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Guest Post: Closing the Customer Value Disconnect

Hands down there is nothing more frustrating than to have manufacturing or operations make a mistake on the very first customer order or interaction. Despite the effort and investment to attract a new client, it only takes a minor error to completely destroy the customers experience and erase and positive impressions they might have had. In business, individuals in marketing or selling have an outward focus placed on identifying and capitalizing on that which the customer values. Those in operations or manufacturing however have an inward focus centered on productivity and efficiency. Explained another way, the responsibility of Sales is to attract and close new customers while Operations delivers the customer’s product or service as fast and efficiently as possible, minimizing costs along the way. These opposing viewpoints result in what I call the Customer Value Disconnect, or C.V.D. for short. Fortunately to close the C.V.D. gap is not as difficult as you might think and is somewhat counterintuitive to conventional thinking. The key is in shifting Operational perspectives around what it is that customers value. There are a few critical questions that can support diminishing C.V.D. and bring about a broader perspective on what it means to satisfy customers. Here are the three most critical:

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