Eliminate Delayed Closings Once and for All

Posted by Dave Kurlan on Mon, May 14, 2018 @ 06:05 AM

leavesA long time ago I realized that in the suburbs outside of Boston, new leaves reach full size each Spring on May 11.  This year, with the cold April we endured, May 11 came and went and the leaves were delayed.

That said, spring leaves on May 11 are exponentially more predictable than pipeline opportunities.  Why might an opportunity not close when it was forecast to?

Technically, there are seven possibilities:

  1. Closes as forecast and you win.
  2. Closes when forecast and you lose.
  3. A short delay that you will close
  4. A short delay that someone else will close
  5. A long delay that you will close
  6. A long delay that someone else will close
  7. A delay of any duration that results in no decision.

And why might those conditions apply?

  • Your CRM application wasn't configured to properly calculate the projected close date
  • Your sales process/CRM application does not include a scorecard that scores and predicts a win
  • The opportunity was not thoroughly qualified because the salesperson:
    • didn't know how
    • wasn't aware of the need
    • fear or discomfort
    • ignored what the prospect said
  • The salesperson had happy ears

The statistics on 1.7 million salespeople evaluated and assessed by Objective Management Group (OMG) show us that only 27% of all salespeople have the Qualifier Competency as a strength.  The top 10% of all salespeople only have an average of 77% of the attributes of a Qualifier and all salespeople average 53%.

The same statistics show us that only 30% of all salespeople have the CRM Savvy as a strength.  And the top 10% of all salespeople only have an average of 64% of the attributes of CRM Savvy and all salespeople average 43%.

And 27% of all salespeople have the Milestone Centric Sales Process as a strength while the top 10% of all salespeople only have an average of 66% of the attributes of the Sales Process Competency and all salespeople average 49%.

Of the nearly 6,000 candidates that were assessed in the past 4 weeks for sales positions, 38% of them "think it over" when making major purchases.  That makes them vulnerable to prospects who wish to think it over at closing time, extending the sales cycle, and causing a delay. because they "understand."

See OMG's statistics in all 21 Sales Core Competencies and filter by industry as well as your company.

Preventing delays can't always be avoided but more thorough qualifying makes a huge difference.  The key is asking more questions.  When you think you have asked enough, there are always a few more you can ask.  For example, in this article, the difference between "nice to have" and "must have" are often the difference between delays and closes.  This article shows that the when salespeople meet with the actual decision makers they are 56% more likely to close the business.

Image Copyright iStock Photos

Topics: Dave Kurlan, sales CRM, qualifying, OMG Assessment, steps in a sales process, delayed closings

A Salesperson's Terrible Reaction to Good Sales Training

Posted by Dave Kurlan on Fri, Sep 30, 2016 @ 09:09 AM

You won't have to read much in today's post because I included most of it in a short video.  This is a story about a salesperson who reacted extremely badly to some great training tips and disrupted the training.  His thinking is so representative of salespeople that struggle, and is the kind of thinking which, if shared with others, could derail an entire sales force!  

I shared the story is in the 4-minute video below, along with a very important lesson.  But don't let the final lesson cause you to miss the power of the questioning that I shared within the story. 

Qualifying.jpg

How did you react to the training tips - were you thinking like him - "That won't work!",  or were you thinking more like a salesperson? 

This is a classic example of a self-limiting belief that is so strong that it will prevent this salesperson from executing the sales process, the methodology, the strategy of selling value, and the tactic of qualifying.

Topics: Dave Kurlan, effective sales training, qualifying, asking for money

Must Read - This Email Proves How Poorly the Bottom 74% of Salespeople Perform

Posted by Dave Kurlan on Wed, Feb 17, 2016 @ 06:02 AM

failing-report-card.jpg

I've written more than 1,400 articles for Understanding the Sales Force and every one of them has been my observation of salespeople, sales managers and sales teams.  The observations come from sales force evaluations, sales candidate assessments, sales recruiting projects, sales training and coaching initiatives, and sales leadership training.  After 10 years and 1,400 articles and to avoid boredom, we will change things up a bit for this article.  

Ken is one of my longtime readers, a former client, and last week he sent this note expressing his frustrations as a buyer of services.  I'll add my comments and conclusions at the end of his note.

I just wanted to let you know that your sales training program has ruined me as a buyer.  The ineptitude of almost every sales team I have encountered recently is chilling, especially since you have shown me that they can do so much better.   I have come to wonder if it would be cost-effective for buyers to provide sales training to their prospective vendors to save us time, effort and aggravation in our purchasing process.  Salespeople chasing prospects??? I can’t tell you how much time I spend chasing vendors.

I started a new career in Information Security about 6 years ago and am now Chief Information Security Officer for a fast growing SaaS startup in the expense reporting and expense management space.  In my role, I need to purchase compliance services, auditing tools, training products, etc.

Here is the scenario that prompted this email:

A few weeks ago, I got a blast email to participate in a Webinar for a new auditing tool which was being offered by a well-known information security vendor.  I attended the Webinar but no salesperson followed up.  I went to the company website and filled out the ‘request evaluation’ form. No salesperson followed up.  I sent an email to sales@company.com requesting a conversation.

About 5 days later I got an email and a voicemail: ‘Would you like to set up a conversation?’ I responded to the email, ‘ I am available tomorrow morning from 10 a.m. to noon.’ The voicemail asked ME to call the rep. There has been no successive follow up.  I then reached out to some consultants I know in the industry asking for intros. One gave me a name but no introduction. Finally, my auditor set up a call for today.

The call started out promising, (i.e., I didn’t have to sit through 50 NASCAR slides telling me how great the company was and all the other companies they have done business with.)  The rep asked me what I hoped to learn.  After I told them, he handed the call off to his Sales Engineer for the ‘demo.’  Unfortunately, the SE had no capacity to show me or discuss with me the auditing tool that I was interested in. After 2 minutes the rep broke in and suggested we re-schedule for another time.  We’ll see if I hear back.

This is probably the worst example of about a half dozen similar ones where I have a need, I would like to buy something, and I end up doing all of the work.

Very frustrating.

Anyway thanks for allowing me to vent.

You're probably thinking, well, that's not what would happen if I was the salesperson or sales manager or sales VP or CEO.  Believe it or not, this is fairly common!  These are the very same companies that believe they have effective sales processes in place, that their 10% win rates are acceptable, and that they need to get people interested by conducting demos.  These are the companies that don't think they need help, have everything under control, have ineffective sales selection and even more ineffective sales management.

If the sales managers were decent, the very first time they debriefed a salesperson, listened to a call, observed a meeting, or discussed an upcoming call, they would have been able to identify ineffective follow-up, ineffective qualifying, ineffective listening and questioning, etc.

It's most likely that the sales managers are former salespeople who, like those they manage, specialized in conducting demos, creating proposals, and finding the 10% that will stick.

Monday, Pete Caputa, VP at Hubspot, posted a great article on qualifying, why so many salespeople suck at qualifying, and how that ultimately leads back to ineffective sales management (read the comments too).

This article on Linkedin Pulse questions whether it's really sales managers who are to blame or someone else.

Speaking of sales management, I'll be hosting my annual Sales Leadership Intensive - the best training anywhere on showing sales leaders how to really coach salespeople for impact.  We have a full house every time we offer it and some sales leaders come back multiple times!  It will be offered on May 17-18 in the Boston area and you can learn more about the event here.  You can register here.  And if you use - DKSLIMAY16 - the discount code for my readers, it will save you $100 per ticket.  It will be great to finally meet you!

Image Copyright 123RF Stock Photo

Topics: Dave Kurlan, HubSpot, sales process, sales performance, qualifying, win rates, pete caputa

Quote 85% Less - Sell 300% More!

Posted by Dave Kurlan on Fri, Sep 25, 2009 @ 16:09 PM

Back in December I posted this article to my Blog on the concept of less being more. You should read that first.

This week, Al Strauss, my guest on Meet the Sales Experts, provided a case history on the subject.

He had a client who, when he met them, closed 4 deals for every 100 quotes they prepared and submitted.  Not only that, it took their highly paid engineers anywhere from 1 hour to 1 week to complete those quotes.  After he worked with them, they were quoting only 18 of those 100 opportunities and closing 12 of them.  That's an 85% reduction in quotes in return for triple the sales.  Truly a case of less is more.  Would you like to hear how he did this?  Listen to the show.

Al also said that right now is the perfect time to figure out who will go out and hunt because, right now, there aren't many salespeople actually calling on your prospects, especially in the industrial and consumer segments.  He also said this is the time to terminate your non-producers and use that money to improve the capabilities of your sales force.

Click here to listen to the show.  Click here to contact Al.

Topics: Dave Kurlan, sales, selling, increasing sales, sales tips, al strauss, qualifying

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About Dave

Best-Selling Author, Keynote Speaker and Sales Thought Leader.  Dave Kurlan's Understanding the Sales Force Blog earned a medal for the Top Sales & Marketing Blog award for six consecutive years. This article earned a Bronze Medal for Top Sales Blog post in 2016 and this one for 2017. Read more about Dave.

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