Roller Coaster Sales Performance

51
Roller Coaster Sales Performance

description

The stock market plunged on both Friday and Monday, made gains on Tuesday and Thursday, and they were sandwiched around another loss on Wednesday. It's the proverbial roller coaster and that sounds very similar to sales performance, doesn't it?We know why the market goes up and down - in hindsight - but we can never predict when. Do we know why sales performance bounces up and down? Here are my primary reasons for inconsistent sales performance:

Transcript of Roller Coaster Sales Performance

Page 1: Roller Coaster Sales Performance

Roller Coaster Sales Performance

Page 2: Roller Coaster Sales Performance

The Stock Market

Page 3: Roller Coaster Sales Performance

The Stock Market plunged on both Friday and Monday

Page 4: Roller Coaster Sales Performance

The Stock Market made gains on Tuesday and Thursday

Page 5: Roller Coaster Sales Performance

The Stock Market and they were sandwiched around another loss on Wednesday

Page 6: Roller Coaster Sales Performance

and that sounds very similar to Sales Performance It's the Proverbial Roller Coaster

Page 7: Roller Coaster Sales Performance

doesn't it?

Page 8: Roller Coaster Sales Performance

We know why the market goes up and down

Page 9: Roller Coaster Sales Performance

We know why the market goes up and down - in hindsight

Page 10: Roller Coaster Sales Performance

We know why the market goes up and down - in hindsight but we can never predict when {

Page 11: Roller Coaster Sales Performance

Do we know why bounces up and down? Sales Performance

Page 12: Roller Coaster Sales Performance

Here are my for Primary Reasons

Sales Performance1 Inconsistent

Page 13: Roller Coaster Sales Performance

1. Inconsistent Sales Management

Page 14: Roller Coaster Sales Performance

Sales Managers that don't hold their salespeople accountable to metrics that drive revenue on a daily basis, and who don't coach their salespeople every day can be heard singing, "I'd rather be lucky..."

Page 15: Roller Coaster Sales Performance

2. Lack of Focus

Page 16: Roller Coaster Sales Performance

Many Salespeople are easily distracted and have difficulty remaining focused on the job at hand, especially when the job at hand involves more than just selling. Those who tend to be event driven may work for days on a single opportunity and those who are task oriented may fail to get traction on enough meaningful opportunities.

Page 17: Roller Coaster Sales Performance

3. Lack of Motivation

Page 18: Roller Coaster Sales Performance

Many Salespeople are simply not motivated enough to go to battle each and every day. It's bad enough that they must face off against prospects who don't want to talk with them, an economy with an identify crisis and competitors that don't play fair.

Page 19: Roller Coaster Sales Performance

But they also must fight their own demons - those fears and self-limiting beliefs that play such a big part in the behaviors that lead to their less than record-setting outcomes.

Page 20: Roller Coaster Sales Performance

4. Lack of Skills

Page 21: Roller Coaster Sales Performance

As per the recent survey*, 74% of all salespeople are overwhelmingly mediocre, and as such, they succeed because they are lucky, not because they effectively follow and execute the sales process. Unfortunately, luck is as consistent as the stock market.

* Skill Survey @ Objective Management Group 2011

Page 22: Roller Coaster Sales Performance

5. Lack of Commitment

Page 23: Roller Coaster Sales Performance

Most Salespeople stop short of asking the question that will lead to success. As a matter of fact, they probably stop about 17 questions short of that outcome.

Page 24: Roller Coaster Sales Performance

In other words, they have the opportunities, but take the path of least resistance, passively hoping that things will go their way, even if they weren't champions for their own cause.

Page 25: Roller Coaster Sales Performance

6. Rejection

Page 26: Roller Coaster Sales Performance

By the way salespeople use it, you would think that technology had removed rejection from selling.

Page 27: Roller Coaster Sales Performance

Instead, technology simply provides a way for salespeople to avoid rejection as they resort to email and LinkedIn to avoid being rejected over the phone.

Page 28: Roller Coaster Sales Performance

Ironically, technology simply makes it easier for prospects to avoid and reject salespeople.

Page 29: Roller Coaster Sales Performance

7. Pipeline

Page 30: Roller Coaster Sales Performance

The pipeline should be the single most accurate predictor of future revenue, and it can be!

Page 31: Roller Coaster Sales Performance

Unfortunately, despite the available technology that makes this so easy, salespeople and their managers just do not manage the pipeline

to the degree that it is always stuffed with enough quality opportunities.

Page 32: Roller Coaster Sales Performance

8. Precedent

Page 33: Roller Coaster Sales Performance

When salespeople have been allowed to perform inconsistently

in the past …

Page 34: Roller Coaster Sales Performance

it sets precedent that inconsistency is OK now and

in the future.

Page 35: Roller Coaster Sales Performance

9. Ambivalence

Page 36: Roller Coaster Sales Performance

Who really cares when salespeople don't consistently hit their numbers?

Page 37: Roller Coaster Sales Performance

I can tell you this; if the salespeople don't care, and their

managers don't care …

Page 38: Roller Coaster Sales Performance

… there won't be any urgency to fix anything because nobody thinks anything is broken.

Page 39: Roller Coaster Sales Performance

10. Sales Culture

Page 40: Roller Coaster Sales Performance

Sales are created and supported by everyone in the organization. It is a

common misconception that the people who do all the selling are the only sales

people.

Page 41: Roller Coaster Sales Performance

Professionals lead the effort, internal and external customer contacts impact

sales results at all levels

Page 42: Roller Coaster Sales Performance

(And my personal favorite)

Page 43: Roller Coaster Sales Performance

11. When your Boss is an Ass%#$@

Page 44: Roller Coaster Sales Performance

11. When your Boss is an Ass%#$@

i mean Hari

Sadoo

Page 45: Roller Coaster Sales Performance

He Interrupts

He disrespects

He Yells for no Rime and Reasons

He Justifies his Mistakes

He Ignores

He Gives no Freedom

He Passes the buck

Page 46: Roller Coaster Sales Performance

Trust me

Page 47: Roller Coaster Sales Performance

Roller Coaster Sales Performance

will keep happening

Page 48: Roller Coaster Sales Performance

Long Live Sales

Page 49: Roller Coaster Sales Performance

Long Live Sales (And the wonderful Sales Professionals)

Page 50: Roller Coaster Sales Performance

Thank You

Credits -DAVE KURLAN