October 27th, 2014
It’s a Scary World Out There
While everyone maybe thinking of their Halloween costume or what tricks or treats they may provide, as sales leaders we must consider the bigger picture. It is a scary world out there and many fears exist; the future of the business cycle, new taxes that will hit in 2015, consumers of to their lively hoods and the fears of your sales team as they face another challenging year. All of these fears impact your planning actions.
Emotion has always been a major element in the sales environment, buyers today are more risk adverse, salespeople are more cautious and less self confident and worse the relationships between buyers and sellers are caught up in cost vs value. It is evident the Wal-Mart mentality has taken hold.
Wal-Mart for years has pressured vendors for the low cost option. Just today I listened to a prospective client describe how their prospects are treating his sales teams and how his sales teams dread attempting to call on ‘net new” opportunities-“It’s all about low price-vendor relationships vs how we like to work as a consultative partner with our clients” he stated. The good news is in the technology sector two factors separate us from Wal-Mart mentality.
In selling your solutions, partners we can sell productivity enhancements, business efficiency and you can sell cost effectiveness. And if you do it right you can sell BOTH at the same time! I challenge you to consider what other industries address these most important business challenges.
The question is: as an owner or sales leader how are you lowering the fear in your sales teams and how are they approaching their prospects or clients to lower their fears?
At the recent conference I lead three back to back breakout sessions, in reading the evaluations and in conversations afterwards I heard: “What should I do….?” What do you recommend…?” “How should I address…” These fear based questions were being asked?
What are your action steps to reduce fear and finish off 2014?
Create a sales theme. Most would consider this a weak action, however if you spend time creating a mantra or maxim that you believe in and you focus your energies around reinforcing it with your sales team the desired attitude will build. At the University of TN they display former Coach General Neylands 7 Maxims. His first is: The team that makes the fewest mistakes will win. I have used Be Brilliant on the Basics or We will dominate our market and take an assertive sales approach. Each of these is designed build a certain sales mentality.
Focus your sales team on selling to the business challenges of the NON-IT decision makers. This requires sales training that includes adding role play in your sales meetings. The issues your team must understand are: operational efficiency, cost containment, customer responsiveness, revenue growth and increase market share. What issues do the CEO, COO, CFO, VP of Sales/Marketing, VP HR or VP of Mfg care about? If you make the business case to the COO, they can find the money. Make your sales team more confident; give them the knowledge to hold their own in tough sales situations. Mental toughness is critical.
Re-evaluate your marketing and your messaging. To gain attention you need to consider “edgy” and stand out in the market. The important element is to create multiple messaging that addresses the business challenges from #2 above. Campaigns should be focused to the specific job title you are attempting to address. Most partners use the same messaging to addressing all job titles or worst they use a technology message expecting business decision makers to understand or translate the technology pitch into valid business benefits. Run your “Business Breakfasts or Executive Forums’ campaigns aimed specifically to a job title with the appropriate message for that title. “Drive an Increase in Customer Satisfaction and Lower Your Costs” certainly would get the attention of the VP of Marketing or COO.
Don’t be scared; be aware, the important action is to take action. Sales leaders must recognize their environment and build a culture of success with an organized plan of attack.
Ken Thoreson “operationalizes” sales management systems and processes that pull revenue out of the doldrums into the fresh zone. During the past 16 years, our consulting, advisory, and platform services have illuminated, motivated, and rejuvenated the sales efforts for organizations throughout the world.
He was recently ranked for the third year in a row by Top Sales World magazine as one of the Top 50 Sales & Marketing Influencers for 2014.
Ken has written 5 books, his latest book is: SLAMMED! for First Time Sales Managers, Ken provides Keynotes, consulting services and products designed to improve business performance.