Colleen’s Blog

Is your business experiencing wild swings in revenue? This may surprise you, but putting too much emphasis on closing business is actually counterproductive to increasing your revenues. What?! Let me explain. Every time you close a sale you should be adding three to four more leads to your pipeline. When you’re concentrating too much on closing business it detracts focus from gaining new leads. Before long, you will have no new leads to close business with, and this is what causes swings in revenue or sales whiplash...as I like to call it! Don't worry, dear sellers, there are ways to avoid this. Are you wondering how you can attain consistent revenue?

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.

Don't forget to first catch up on part one of this two part series! Nurturing and retaining new talent. Back at Boston Beer, the focus is on retention. “The big challenge for us is holding onto our sales people past the two-year mark,” says Geist. Promotions at Boston Beer often require relocation, which young people agree to, yet resist when the time comes to make a move.  Start solving the millennial challenge now, says Francis. “Building the best team possible is a crucial step for businesses that are serious about accelerating their sales,” explains Colleen Francis, founder of Engage Selling Solutions. “Solving the millennial challenge needs to be your top task in that bigger job.” As a sales strategist, Francis works with companies to develop field-tested, winning methods of attracting and retaining top talent. While that search cuts across generational lines, her work with top-ranked sales organizations has helped her formulate specific advice on how best to reach this millennial generation—the sales force and sales leaders of tomorrow.

A few decades ago, a career in sales was a much sought-after career by young graduates entering the workforce. College seniors would clamor to get on the interview list of on-campus recruiters representing blue-chip companies like IBM and Xerox who were hungry for top sales talent. Today, it’s much harder to sell young people on a career in sales. And yet it’s vital for successful organizations both large and small to overcome this barrier if they want to grow their sales force and their profits—not to mention their market appeal to this giant demographic group. In this two-part article, Talent Maximizer® Roberta Matuson of Matuson Consulting looks at why sales gets a bad rap from millennials, and sales strategist Colleen Francis of Engage Selling Solutions explores what you can do to reverse that trend.

Say that three times fast. Pipeline management does not have to be avoided like a confusing tongue twister. In fact, managing and reviewing your pipeline are among your most important tasks as a salesperson. They help you prioritize what activities to complete each month, as well as give you an accurate indication of how healthy your sales pipeline truly is. Here are a few steps that can make your reviews and management more effective:

You have it good. In the "hustle and bustle" of your workday, it's easy to get wrapped up in the stress and pressure of consistently hitting your sales targets. You're constantly prospecting, networking, following up with clients and working hard to make the next sale. If you've been in sales for even a small period of time, you've probably felt overwhelmed at one point or another. But regardless of all of this, I want to remind you of how good you have it. Whenever you feel the overwhelm taking over, remind yourself of these important points:

Sales is an interesting game. You never know when the most (seemingly) minor slip up can cost you. <-- Click To Tweet Because of this, I want to highlight a few common, and not-so-common mistakes so that you can build awareness around them. Take time to read though each item on the list and consider the consequences of making such an error in your own business. The more real it feels to you, the more likely you are to take it seriously and avoid making it in the future. If you've already made a mistake highlighted in the list, relearn the lessons associated with it. A mistake is only a mistake if you don't learn from it.