What it Takes to Make Your Sales Pipeline Accurate & Predictive

Posted by Dave Kurlan on Fri, Aug 05, 2011 @ 14:08 PM

Yesterday, while speaking in DC, I asked my usual questions, but the response to one of the questions left me scratching my head.  It wasn't a new question; as a matter of fact, I've been asking it for years.  And, as you can see below, I've been writing about the pipeline in various ways for years:

Bigger Sales Pipelines - The Dangerous Truth

Sure Fire Way to Know Which Sales Opportunities are the Best Sales Opportunities

How Targeting Improves Win Rates and Shortens Sales Cycles

Top 10 Reasons For Inaccurate Forecasts

Tighter Sales Metrics at New Year Leads to Improved Success

Make Your Salespeople Focus on This to Grow the Business

Should You Restage Your Sales Pipeline

Getting Reluctant Salespeople to Fill Their Empty Pipelines

Controversial "Best Time" For Salespeople To Fill Their Pipeline

Should You Restage Your Sales Pipeline

Can Too Many Opportunities be a Negative for Salespeople

Do Your Salespeople Really Understand Pipeline Requirements

Sales Confidence - How to Ask Any Tough Question Anytime

Sales Systems and Processes - 8th of the 10 Kurlan Sales Management Functions

Happy Ears or an Empty Sales Pipeline

Sales Pipeline - How to Make it Accurate and Predictive

Improve Sales Performance with More Effective Pipeline Management

Sales Pipeline Can Provide Sight for Blind Executives

Filling the Sales Pipeline - Who's to Blame

More on the Pipeline

Pay Attention to the Pipeline

Fix Your Mediocre Pipeline for Accurate Sales Forecasts

Earthquakes Hold the Key to Accurate Sales Forecasts

Achieve More Accurate Forecasts and Sales Results Today

Be Still My Pipeline

 This wasn't 0 out of 10 or 20 people.  This was 0 out of 100+ Senior Executives!  And it's the same response which I've always received wherever and whenever I've spoken to a non-client group.

You would think that with the acceptance of CRM, companies would be much further along in getting their pipelines accurate and predictive, but they aren't.  Pipelines still fail to be properly staged.  Criteria for each stage is not well-established and salespeople aren't meeting the criteria.  Salespeople are still doing a miserable job at qualifying - the stage that uncovers most of the criteria for the variables which impact accuracy and predictability:  How much will they spend, when will they spend it, and how sure are we that we will get it?  Until your salespeople consistently get accurate information on those three variables, you will not have a pipeline on which you can rely.  

Unfortunately, the problems which salespeople have with qualifying are symptoms of the problems from earlier in the sales process.  They aren't doing a great job establishing relationships, so their prospects don't trust them enough to share.  They aren't doing a great job asking the kinds of questions which uncover compelling reasons to buy, so prospects don't have the urgency to move faster, nor do they have the incentive to provide answers to qualifying questions.

These issues disappear after 6-8 months in organizations where we provide training and coaching, but in most organizations, this is an ongoing challenge.

This is something you can fix and if it was an accounting, operational, manufacturing, IT or an executive malfunction, it would have already been fixed.  But sales seems to get a free pass and mediocrity appears to still be acceptable.  How sad.

 

Topics: Dave Kurlan, sales training, Sales Coaching, sales pipeline, visual pipeline, accurate sales forecast, predictive sales pipeline

Sales Pipeline - How to Make it Accurate and Predictive

Posted by Dave Kurlan on Mon, May 11, 2009 @ 10:05 AM

I've written about the sales pipeline as much as any topic.  I end up spending 20-30 minutes on the sales pipeline in nearly every speaking engagement I give.  I have created pipeline applications in Excel and for the Web.  After we evaluate a client's sales force, the 2nd thing (after sales process) we work on is their pipeline and the metrics required to make it work, followed by how to hold salespeople accountable to it.  I review and coach from the pipeline for my own companies every day. That's an awful lot of focus on the pipeline.  Why?  Because from what I've seen, more than 90% of the companies don't have one that is useful, predictive, accurate, up to date, or even readable.

Would you like to change that?  Would you like to have an accurate and predictive pipeline that you can coach and manage from? Join me on Thursday, May 14, at 11:30 AM ET, for How to Close More Sales by Managing the Pipeline More Effectively.  This fast-paced webinar is all about the pipeline - from pitfalls to winning strategies - and how you can develop one that works at your company.  Would you like to attend?  Just follow this link for more information and to register. By the way, I've presented this one a couple of times before and it is always rated among the best!

(c) Copyright 2009 Dave Kurlan

Topics: Dave Kurlan, Salesforce, sales pipeline, visual pipeline

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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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