The Keys to Fourth Quarter Sales Success in 2020

Posted by Dave Kurlan on Tue, Oct 20, 2020 @ 07:10 AM

You're probably going to hate this article!  I'm going to show you that much of what is transpiring with the Pandemic could be having a greater impact than you realize relative to the future state of your business and you might not like what I have to say.  As always, if you can hang in through some of the preliminary analysis, I'll make the pivot to sales and business.

Each day, the Boston Globe sends an update with metrics that the state of Massachusetts is monitoring with regard to the Pandemic.  The update for October 19, 2020, is shown below:

Notice that the death toll rose by 15. 

Also notice that under "Related" the link to the article warning about gloom and doom over the next 6-12 weeks.

CNN's Wolf Blitzer tweeted this out today:

Back in May, when Massachusetts began reopening, there were between 10-20 deaths per day, and 100-200 new cases per day.  Over the past 5 months, the number of new cases has risen by more than 100 each month to the 827 new cases reported today.  However, during this entire 5 month period, the daily death toll has not exceeded 10-20, the same as it was back in May.  See the two graphs in the next paragraph on media reporting.

Media Reporting - Unfortunately, most media outlets insist on reporting only the number of new cases, but don't tell you that hospitalizations are down  *dramatically*  and deaths have remained steady after dropping to their current low levels.  Check out the CDC's own graph on hospitalization rates between week 10 (early March) and week 40 (early October):

You are reading this graph correctly.  Even among those over 65, hospitalizations are down to just over 5% of those infected with Covid. 

This is the latest graph of US deaths from Covid.

That's right.  Cases way up.  Deaths way down.  You should also check out this data on death counts - click on the graph to see the entire graph.

You read this table correctly too.  The actual number of deaths did not significantly exceed the expected (normal) number of deaths.  Does this mean that the largely elderly population with comorbidity, who died, might have died anyway?

If deaths and hospitalization rates are so low, despite cases continuing to increase, why isn't the media sharing this great news? 

After all, we all want good news, we all want to be more optimistic, and we all want the economy to thrive.  What's going on? 

There can be only one answer.  The media wants to continue making President Trump the villain so that he does not win reelection.  If you don't agree with that explanation then please explain why the media never shared any of these graphs and tables with you.  Do you have a better explanation?

Impact on Business - The same media that is misleading you about the Pandemic is also telling us that we are in the midst of the worst economic recession in history, with more jobs lost than ever before, and it will become much worse.  Of course, that's not the case.  Unemployment is down to just 7.9% and that's with most of the travel, tourism and restaurant industries still shutdown or operating at very reduced capacity! 

I participated in a government survey on the impact the Pandemic had on my small business and last week they sent a link to view the results. You can see the results for yourself here but I can save you a tremendous amount of time.  I played around with the variables on the site, recorded my results and one thing became crystal clear.  When I didn't include states like California and Michigan, whose Governors are still trying to keep small businesses shuttered, and I didn't include the two NAIC codes from the industries that were devastated, the rest of us have fared pretty well through the past 7 months!  We're doing OK!  It's important for us to know this fact in order to drive home a fantastic 4th quarter to salvage 2020.

Metrics - The pandemic has called attention to the fact that on a daily basis we are surrounded by key metrics for COVID-19. I can't believe how many companies have still not identified the key metrics that will drive their sales results.  There are either no metrics, the metrics are irrelevant or the metrics are backwards looking.  It's 2020.  Forward looking metrics rule the day.  Get with the program!

Tools - I read this article about the best Chrome Extensions for sellers.  I don't want to criticize the article because it's an accurate list of great applications that you can start from within Chrome.  However, the last thing your salespeople need right now is more tools.  It's noise. A distraction.  Technology for the sake of technology.  There are basic tools that every salesperson should be equipped with and everything else is completely unnecessary.

We're trying to grow the economy all the way back and most of the information being pushed at us isn't helping. We've come a long way since March and we can make even more progress in the fourth quarter if we keep our eye on the ball and don't allow the fear-mongering, agenda-driven media to have their way, negatively influence the masses, and cause another slowdown or worse, shutdown.  Here's what the same Boston Globe sent out today, October 20, 2020.

In summary, Simplify.  Focus.  Metrics. Optimism. Hire Salespeople. Sell. Train. Drive. Fight. Engage.

Topics: Dave Kurlan, sales effectiveness, sales tools, revenue growth, covid-19, pandemic

How the Correlation Between Restaurants and Covid 19 Applies to Sales Assessments

Posted by Dave Kurlan on Thu, Sep 17, 2020 @ 06:09 AM

wearing masks

Do you hate meetings as much as I do?

They're the worst.  But I have one weekly meeting that's always uplifting and productive.

I'm talking about my weekly meeting with John Pattison, COO of Objective Management Group (OMG). He happened to mention a report released by the Centers for Disease Control (CDC) pointing to the correlation between people who recently dined at a restaurant and later tested positive for Covid-19.  Of course the media was doing its best to spread misinformation as the article titles below suggest:

The report actually included facts they didn't share in their titles, like:

  • It was not known whether they dined inside or outside
  • It did not say that they contracted Covid-19 at the restaurant or because they ate at a restaurant

restaurants

John pointed out that this is a clear case of correlation, but not causation.  In other words, there is no proof that eating at restaurants caused anyone to contract the virus.  He said there could be many reasons why people eating at restaurants also have higher rates of infection.  For example, people who don’t like to wear masks might be more likely to eat at restaurants.  Assuming that is true, the cause is more likely to be a lack of mask wearing, not eating in the restaurant.  

But does it really matter whether this is causation?  Is there that big of a difference?  Is correlation enough?  It depends on what you are trying to show.  Let's take sales assessments for example.

All assessments produce a number of findings and scores, most in the context of personality or behavioral styles.  When used to assess salespeople, they can make a case that there is a correlation between a finding like drive, and sales success.  Correlation, not causation.   Why?  because drive does not cause sales success.  There are lots of people with drive who were epic failures at selling!

Personality and behavioral styles assessments are not sales specific, even when their publishers refer to them as sales assessments.  They were not built to measure sales competencies, but instead attempt to correlate personality and behavioral findings to sales.  None of the assessments in this category are sales specific, they don't measure actual sales competencies, and there is no causation. The information they provide is simply nice to know, but unfortunately, not predictive of sales success.  

OMG's sales assessment was built for sales, is used only for sales, measures all 21 Sales Core Competencies, has 280 sales-specific findings and is extremely predictive of sales success.  For an assessment to have predictive validity though, its findings must correlate to on the job performance.  There's that correlation word again.  Since there only needs to be correlation, does that mean that causation isn't important?  Correlation is not required, but it is vitally important.  

For example, one of the differences between sales producers and sales imposters is the difference between whether they can sell versus whether they will sell.  Can vs. Will. Who needs another salesperson whose best sales call is the one where they convince you to hire them?  You want salespeople who will find and close new business.  There is causation between Will to Sell and sales success.

Of course there are other examples.  A candidate who scores high in OMG's Consultative Seller competency and Value Seller competency will perform successfully in a complex sales environment.  There is causation. 

A candidate who scores high in the Hunter competency will succeed in a cold-calling sales environment.  Causation.

Here's another way of looking at correlation and causation.  Someone who scores well in a personality assessment will generally do quite well at developing, building and maintaining relationships.  It's a one-way correlation.  Why?  Because someone who is good at developing, building and maintaining relationships is not necessarily a good salesperson.  There is no causation.

Back to my meeting with John.  While we were meeting, Guy Kawasaki's twitter post appeared.

The OMG Sales Candidate Assessment is a really great cake but John and I agreed that despite a visual dashboard that tells the story of the candidate and effectively illustrates the scores for all 21 Sales Core Competencies, it has dog poop for frosting compared to the look we believe we can create.  We agreed to reimagine the dashboard and how we visually show each of the 21 Sales Core Competencies throughout the report so that we have the sweetest, most beautiful looking frosting ever spread on an assessment.  Stay tuned for an all-new look to the OMG Sales Candidate Assessment coming in early 2021.  In the meantime, it would be malpractice to hire salespeople without taking advantage of the most accurate and predictive sales candidate assessment on the planet.

Images copyright 123RF and 123 RF

Topics: Dave Kurlan, recruiting salespeople, Sales Candidate, hiring salespeople, Correlation, personality assessments, personality test, coronavirus, covid-19, causation

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Best-Selling Author, Keynote Speaker and Sales Thought Leader.  Dave Kurlan's Understanding the Sales Force Blog has earned medals for the Top Sales & Marketing Blog award for eight consecutive years. This article earned a Bronze Medal for Top Sales Blog post in 2016, this one earned a Silver medal for 2017, and this article earned Silver for 2018. Read more about Dave.

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