Sustainable Sales? Really?

Really.

Really, because any strategy that does not consider the long-term implications is not sustainable and therefore will not lead to success.

Apart from this economical perspective, there is also an evergrowing need to understand the ecological effects of the business and the social impact we are having, internally as well as externally.

We can’t live in a bubble anymore, we must act consciously and with consideration. Not to mention respectfully and respect begins from within. It means that we should sell things we love and not just anything. It means that we should give our very best and in order to be able to do so, we must balance our life and our work.

The next few years will see a focus on the individual with ever increasing awareness for its surroundings. Customers will be empowered furthermore. Online ratings, discussions, polls, etc. in combination with the abundant availability of information will require entirely new business models and therefore all aspects of a sustainable approach need to be understood.

To help you, we’ve redesigned some of our Rapid-Review into a Maturity Assessment and offer you a first glance below.

Sales Assessment Picture 2

“Can You Dig It?” or Me Entiendes

Me Entiendes

I never mind staying late at the office, not only because I hate coming in early, but also because it gives me the opportunity to chat with some colleagues. We’ve all seen them. The quiet, industrious people who clean up our mess and set us up for success the next day. My friend Juan Palacios hails from El Salvador and I know that many of the hustling yuppies who routinely ignore him, would benefit from the depth of his knowledge and business savy. He’s the proud owner of a new home and a thriving business which is constantly growing, even in this economy. His words have a curious urgency and his advice is excellent.

“Me entiendes Pablo?..” he always says with a smile.
“Por supuesto Don Palacios” I answer.

It’s a valuable transaction in which I help him understand English and some of our stranger American practices, while he provides me with fresh perspectives on the challenges I face daily. As with all such relationships it takes work and dedicated effort. It’s often difficult to push past the barriers of language, custom, and preconceptions, but we manage…we communicate. I’m afraid that I don’t see a lot of successful communication out there currently…time to wake up people!

Emerging markets? China? Again?

In the past our ancestors had to venture forth in search of new markets and new connections. They made enormous investments in time, money, and resources to get the job done. Often when poor preparation and bad decisions threatened their goals, they resorted to appalling tactics in their attempts to achieve them. Unfortunately, little has changed…globalization, the internet, and social media offer a plethora of tools and venues to facilitate the process. There are an ever increasing number of pitches, messages, i.e. “ships” sailing forth on cyber-seas, but with declining results. There’s ultimately only one central challenge- to quickly, concisely communicate the value proposition (and / or measurable ROI) of your solution to the right person, at the right time, and in the right way.  Recently, I’ve noticed some formidable obstacles to meeting this challenge and I like to refer to them collectively as la tirania de las ideas preconcebidas or the tyranny of preconceptions

“It doesn’t work for us…” said the CEO when referring to social media.  Not swimming in leads…low Klout score…???  Social media is not some form of a checklist in which you just have to cover all the bases, but something that has to become part of your organization’s DNA…Like my relationship with Juan, it takes planning, dedication, and hard work.  Define your goals, develop a plan to reach them, and pick the right vehicle(s).

“We gotta get in front of more people and we need more activity” claimed the VP of Sales.  Following the traditional path is very comforting, customs always are, but you can’t expect to continue doing the same things and expect different outcomes.  I ‘m very surprised that an executive from a growing technology solutions company seems fixated on the traditional Inside Sales / Outside Sales model.  How can you expect continued growth when you don’t have any data on the average cost of sale?  As another mentor of mine said “leading Sales organizations realize that accurate data improves efficiency and is the cure for bad results…”

“Do they even have money ?” responded the Chief Sales Officer of a European multinational to my enthusiasm over a simple RFP from the Central Bank of Venezuela.  I was dumbfounded over this blatant display of ethnocentrism…preconceived notions…prejudice.  Everyone likes the idea of global markets in theory, but in practice we’re still back in the days of Columbus.  Business, indeed, opportunities are where you find them.  You don’t have to commit to completely localizing your website or hiring a lot of multilingual staff.  Ask yourself if your solution(s) would be useful and / or address the pains of organizations in different geographic areas.  Then enlist the assistance of some experts who have the subject matter expertise to best represent you and your organization.  The world’s as big or as small as you make it…leads, prospects, and business are literally all around you!

Can  you dig it?

The Four Most Dangerous Trends for Any Sales Team

Have I got somethin’ for you!

Have you ever created and lead a Sales Team directly?  Not from the lofty height of C-Level, but day after day in the trenches with your people?  If so here’s a quick post for you the Sales Manager.  In my experience there are four trends that are very common for most sales teams:

  • Vanishing

Your sales executive schedules an initial call with a prospect and it goes extremely well.  You have a rather high-level discussion with the prospect and there’s definitely a lot of interest in your solution.  You discuss some possible next steps and things seem promising.  Unfortunately that’s as far as it goes…the prospect gradually drops out of sight and eventually you make the sales executive take them off their forecast…poof!  They’ve vanished!

  • Telephone

You’ve finally secured senior management support for additional resources for your sales team, i.e. more marketing dollars for events, new lead sources, inside sales reps etc.  You plan and execute a new lead generation strategy and it produces…well…nothing!  You solicit feedback from your sales executives and discover that they never got the hot new leads or that they we not viable or “real”.  Often there isn’t even a common understanding / definition of a lead and different departments have completely distinct ideas about “what is a lead…”  Communication breakdown.

  • Tomorrow

The new quarter starts off after weeks of planning, training, and discussions with your team.  They’ve been tasked with creating a pipeline of prospects and opportunities in excess of five times (5X) their quota.  You have weekly reviews of all opportunities and everything looks good until shortly before the quarter’s end when your sales executives begin to move their “hot” opportunities to the next quarter.  What’s even more troubling is that the sales executives can’t usually give you any specific reasons why they had difficulty forecasting.  Now you have to be accountable to senior management while your team says…maybe tomorrow…

  • Information

You’re spending a lot of time putting together sales activity reports for senior management.  You have a CRM which you’ve used for years and the sales team constantly complains that it “takes them too much time to update it.”  After making a business case to senior management, you get a new CRM solution with all the extras…the sales executives are now too busy to learn how to use it correctly.  In addition, your “top” salesperson leaves unexpectedly…he takes all the relevant information about your clients / opportunities / prospects with him because he never put it into either CRM solution.  Now senior management is asking for…information.

If you’re a Sales Manager and you’ve faced these challenges, share your experiences with us!

Best regards and happy hunting,

Paul Williams

COO