http://www.salescoachinglive.com/blog/category/sales-management-2/ Blog categories... http://www.salescoachinglive.com/barrycaponi/blog/the-foolproof-lack-of-sales-early-warning-system/ What is the best way to predict (and fix) a coming shortfall in sales revenue?

Ever had a great quarter or month followed by a dry one? We all have a...]]> What is the best way to predict (and fix) a coming shortfall in sales revenue?

Ever had a great quarter or month followed by a dry one? We all have at one point or another. Those of us who didn’t want that to happen again have adopted systems and processes to reduce the risk of it happening again. But, what is the quickest and easiest way to predict a coming shortfall in sales?

Every sale is preceded by an Initial Appointment. Regardless of what we sell or how many calls it takes to close that sale, they all begin with an Initial Appointment. That appointment could be a face-to-face call, a web-based call or a good old-fashioned phone call. It really makes no difference.

So what does this have to do with an early warning system? Simple. We must know how many Initial Appointments it takes to generate a sale and then figure out how many Initial Appointments must be on the calendar at any given moment to provide the number of needed sales. For instance, in our case, we need five Initial Appointments spread out over any given two-week period at any time.

Now for the final step in the process: What precedes an Initial Appointment? The conversations and dials that are necessary to set up those appointments is the answer. So, the final question to ask ourselves is how many dials are necessary to generate those five appointments. Because the dial is truly the earliest step in the selling process, I can now monitor my dials to see what my sales will be.

Given our ratios of dials to conversations of 13% and our conversations to appointments ratio of 26%, we need to dial the phone 15 times a day between those of us who sell. Not a monumental task, but a task that must be done, nonetheless.

I look at my Klpz dashboard each week and can see both the number of dials and the number of appointments we’ve got on the calendar at any given moment. If either of those numbers is low, it is an easy fix to keep our sales two months in the future from cratering. Get on the phone….]]> http://www.salescoachinglive.com/barrycaponi/blog/the-foolproof-lack-of-sales-early-warning-system/ Tue, 04 Oct 2011 22:29:55 +0000 Barry D. Caponi http://www.salescoachinglive.com/barrycaponi/blog/the-biggest-mistake-cold-callers-can-make/ Decision makers do communicate with their gatekeepers, you know.

I was at an event with other CEOs and business owners this past week. Most of the at...]]> Decision makers do communicate with their gatekeepers, you know.

I was at an event with other CEOs and business owners this past week. Most of the attendees know what my company does so they love to regale me with stories of sales professionals who attempt to get an appointment with them. It is a great way for me to hear the target’s side of what works and what doesn’t.

This past week the subject came up of a ‘technique’ a sales professional (and in this case, I use the term lightly) had used to try to set an appointment with him. He said his regular administrative assistant was on vacation so it worked—for a moment anyway.

This particular seller told the ‘gatekeeper’ that he had recently met the CEO at a conference and that her boss had asked him to call to set up an appointment. Now there was potentially a grain of truth in this story as the CEO told me that he was at the same event. However, he said he had never even met the person, let alone told him to call for an appointment.

The good news for our intrepid seller—he got through. He proceeded to attempt to set an appointment never mentioning the ruse he had employed to get through. The even better news was that the CEO had some interest in what he was selling. The best news of all was that he got the appointment.

Now for the bad news: About an hour later, the CEO calls his temporary administrative assistant and asked her to set up a conference room for him for this appointment as well as to ask one of his direct reports to attend as well. It is at this time that the administrative assistant innocently asked if this was for the guy who called saying they had met at the conference.

Want to know how the seller found out his appointment was cancelled? From his sales manager, who got the cancellation call directly from the CEO.

Wouldn’t you have loved to be a fly on the wall when this seller got the news from his sales manager?

If you’d like to read more about the impact of lying to gatekeepers to get through to the boss, read my blog entitled, “The impact of lying to get through on a cold call.”

http://coldcalling101.com/the-impact-of-lying-to-get-through-on-a-cold-call/]]> http://www.salescoachinglive.com/barrycaponi/blog/the-biggest-mistake-cold-callers-can-make/ Sun, 25 Sep 2011 15:09:57 +0000 Barry D. Caponi http://www.salescoachinglive.com/barrycaponi/blog/new-books-are-now-available/
Here's the detail. The books, Contrary to Popular Belief, Cold Calling DOES Work! come in two volumes.

Volume I - Effectiveness, the ART of Appoinemtn Making
Volume II - Efficiency, the SCIENCE of Appointment Making

Both are now available for order through the following link. This link will also give you a good view into what is in each and if either one, or both, might benefit you and your challenges.

http://caponipg.com/books.php]]> http://www.salescoachinglive.com/barrycaponi/blog/new-books-are-now-available/ Sun, 03 Jul 2011 17:03:57 +0000 Barry D. Caponi http://www.salescoachinglive.com/davekahle/blog/the-right-time-for-sales-training/ By Dave Kahle


Q. I wanted to do some sales training last year, but it just wasn’t the right time for it. We had...]]> By Dave Kahle


Q. I wanted to do some sales training last year, but it just wasn’t the right time for it. We had too many things on our plate. Looking at our calendar this year, I am coming to the same conclusion. Am I ever going to have time to do sales training? Will it ever be the right time?

A. Great question. Probably the number one reason sales managers don’t provide sales training for their teams is “the timing just isn’t right.”
Why is it that some companies, regardless of the press of the urgent and the demands of the customers, find time to provide regular training and development opportunities for their sales force, and others, in the same industry, just can’t make the time?

The answer really does not lie in the ebb and flow of “things to do.” Nor does it lie in the open spaces of the calendar – if only you could find some empty days, you could slot in a sales training event. The answer does not lie in the world of stuff outside of ourselves that so occupies our time and attention. Rather, the answer lies inside ourselves and our organizations – in our attitudes, our values and our corporate culture.
Let me lay some ground work with a bit of thinking about effective sales, in general and then circle around to address the question head on.

1. I think everyone would agree with this statement: Better sales people sell more than average sales people.

Better sales performance is not a matter of inheriting the best customer, or falling into a lucky deal. Those things happen occasionally, but year in and year out, the best performing sales people are those who ‘sell better’ than the rest. They do something, and usually a lot of things, better than their colleagues. As a result, their customers respond more positively to them, and the sales people post better numbers. They sell more because they act differently. Not just differently – but better.

There is a direct relationship between what the sales person does and how much he sells. Here’s a simple example. One study found that 74 percent of purchasing agents said they would be “much more likely to buy from a sales person, if that person would just listen.” Doesn’t it follow, then, that those sales people who listen better sell more than those who don’t? So, if you could help all of your sales people listen better, wouldn’t that result in more sales? Of course it would. And listening is just one of a number of sales practices that are essential to better sales performance.

That’s my point. What a sales person does directly and measurably impacts how much a sales person sells. And better sales people, because they do things better, sell more than average sales people.

2. Most of my readers would also agree with this statement: Almost every sales person can become better.

One of the things that I have most enjoyed about my career as a sales person has been the fact that I have never yet reached my potential. I can always do better. And, frankly, I’m a pretty good sales person.

I’m not perfect yet, even though I have tried to get there my whole life. Rarely does a day go by that I don’t find myself saying, “I should have done this or that better.” Unfortunately, it is in the nature of sales that one is never as good as he can be. Vince Lombardi aptly summed up the challenge of continuous improvement in a different area:

We will relentlessly pursue perfection, knowing full well that we will never attain it, because no one is perfect. But, we will chase perfection, because in the process we will catch excellence.

Put these two paradigms together (#1 & #2 above) and you have a pretty good rationalization for continuous and immediate sales training. If better sales practices bring in more money, and every sales person can become better, then investing in making them better will bring in more money.

How can you afford the luxury of not improving the practices of your sales team?

3. But wait, some of you are saying, sales training doesn’t automatically mean better sales practices.

You’re right. It doesn’t. But it sure outperforms the alternative of not doing anything and expecting everyone will just automatically improve by trial and error. I’m going to make a radical statement here: I believe that there is not an exceptional performer in any endeavor who is entirely self-taught (with the once in a generation exception for the occasional savant). Tiger Woods, for example, has a swing coach.

The more sophisticated and challenging is the endeavor, the more likely that the exceptional performer has had multitude of coaches, mentors and trainers along the way. Sales is an incredibly sophisticated endeavor, where learning on your own can only take you so far.

Everyone who wants to improve, in every endeavor known to mankind, sooner or later puts himself in a situation where he/she learns from a coach, trainer or mentor – someone who has gone before and has a gift of being able to discern and communicate the intricacies and insights of the field. It takes someone outside of ourselves to help us see and realize our real potential.

The dedicated sales person, for example, buys all the books, gets the Ezines, listens to the podcasts, etc. The sales manager who wants his team to perform well, constantly injects them into learning experiences. He brings in the videos, distributes good articles, sends them to the seminars, etc.

And, like everything else, there are qualities of sales training. You can bring in old Tom, for example, who is getting ready to retire and is looking for something less demanding than sales to do. Or, you can employ the local unemployed sales person who always wanted to be a trainer. The world is full of both types.

But, if you are going to invest your sales force’s valuable time and your hard-earned money, I’d recommend you invest it into a safe choice – professionals who have an understanding of how people learn and change, real life successful experience in sales, and years of proven experience in the profession of training.

4. One more point. Have you ever stopped to calculate the cost of maintaining the status quo?

Today -- just this one day -- how many opportunities did your sales people not uncover because they haven’t been trained in how to better uncover opportunities? How many opportunities did they miss because they have not been trained to listen well? How many new customers should have been developed this month, but weren’t because your sales people have never been instructed in how to develop a new customer? How many high-potential customers languish in business-as-usual because your sales people have never been taught how to penetrate large accounts?

Just play around with those numbers and the conclusion will stagger you. The greatest cost in most companies is one which never makes it on the P&L statement – the cost of opportunities lost, customers not created, and sales not made due to a sales force performing at far less than its potential.
Now that I’ve laid some ground work, let me go back and answer the question.

Is there ever a good time to do sales training? It depends on your values, your attitude and your culture.

If you believe that your sales people can not become any better, then NO, do not make the time for sales training.

If you are perfectly content with the numbers your sales force is producing, then, NO, do not make the time for sales training.

If you think everyone will improve forever on their own, then NO, there will never be a good time for sales training.
If, on the other hand, you believe that just a small change in the behavior of a sales person can leverage into huge increases in sales and profits, then by all means make the time, as soon as possible.

Is there a good time to do sales training? That really is the wrong question. The question you should be asking instead is: How can you justify continuing to bear the costs of a sales team performing at less than optimum? How can you justify the maintenance of the status quo?

Parenthetically, our Sales Resource Center provides a virtually unlimited number of sales development lessons, delivered to every sales person’s computer, 24/7, for one low monthly fee.

Dave Kahle is one of the world’s leading sales educators. He’s written nine books, presented in 47 states and seven countries, and has helped enrich tens of thousands of sales people and transform hundreds of sales organizations. Sign up for his free weekly Ezine, and visit his blog. For a limited time, receive $547 of free bonuses with the purchase of his latest book, How to Sell Anything to Anyone Anytime.]]> http://www.salescoachinglive.com/davekahle/blog/the-right-time-for-sales-training/ Mon, 16 May 2011 17:21:25 +0000 Dave Kahle http://www.salescoachinglive.com/barrycaponi/blog/want-to-cure-the-fear-of-cold-calling/ Why are we afraid to pick up the phone and cold call someone—and what can we do about it?

Remember the old TV show, Family Feud? And the audience sai...]]> Why are we afraid to pick up the phone and cold call someone—and what can we do about it?

Remember the old TV show, Family Feud? And the audience said, fear of public speaking! It’s probably one of the most commonly known facts in America: the number one fear of Americans is the fear of public speaking. The number two fear is death. But, here’s one that you might not know. The number three fear is death from public speaking. Just kidding, but thanks to my good friend, Sean Sturrock, for that bit of humor!

As a member of the National Speakers Association, I’ve heard many people talk about how one gets over the fear of public speaking. It all boils down to three simple things: preparation, process and practice.

Let’s take those one at a time and dissect them as they apply to cold calling. These same factors are at play here when we consider picking up the phone and ‘public speaking’ to just one stranger at a time.

1. Preparation. Toastmasters has an exercise that requires its members to get up in front of the group and speak extemporaneously for just one minute. That’s harder than one might imagine, as anyone who has been a member can attest. However, we all do it many times each day. Someone asks us a question, or we talk about the news of the day with our friends, family, and colleagues.

So, what’s the difference? In my opinion, it’s the stakes and the setting: the audience, the goal and topic. When we pick up the phone to call someone for an appointment, there is a very specific objective on the table—an appointment is at stake—not to mention our livelihood. We also know that this will most likely not be a friendly setting—at least at the beginning. So not only do we need to know what we’re going to say to start the conversation, but we’ll also need to be prepared to handle the common types of responses we receive. If we don’t, most of us feel foolish and embarrassed, even though the person can’t see us.


2. Process. When we deliver a speech, we know we have to have a beginning, a middle, and an end. You might be familiar with the old adage of tell them what you’re going to tell them, tell them, and then tell them what you told them. An appointment making call also has a process.

There are actually twelve steps in the process of making an appointment setting call, and only one of them is actually placing the call. Many of us get lost in the process because we don’t even understand the entire process, let alone have the right tools to keep us efficiently organized and on pace. For instance, as we get ready to call a target that we’ve called before, and we can’t remember what we said to them last time, how many times we’ve called before, or just as importantly, what they said back to us, we will get a bit apprehensive. Why? Because we don’t want to sound foolish and unprofessional if the person we’re calling happens to remember those things.

Therefore, having a process to follow, and tools to keep track of the process will make us fear making calls.

3. Practice. How we deliver our message is far more important than what we actually say according to a UCLA study on effective communications. See blog called What are the key elements in effective communication - link is below. That’s not to say that what we say is not important at all. The key here, though, is for what we say to become so second nature that we can concentrate on how we deliver it, and on what our target says back to us.

Sorry to be the bearer of bad news here, but there is only one way to accomplish this: practice, practice, and then practice some more. Practice until it sounds more natural and conversational than the ‘wing it’ manner you’re using now. And here’s one more hint for you. Even the best public speakers will rehearse their opening lines to their speech right before walking on stage, so practice your opening out loud (or with a calling buddy—see blog called Five tips to help make that first call of the day) - see link below.

To be successful cold calling, one must be prepared, have a process and practice, practice, practice.

Caponi Performance Group and Contact Science jointly market the telephone prospecting and cold calling solution called Coldcalling101™. It is the only comprehensive solution to solving the biggest barrier to success in most selling organizations—the inability to secure enough Initial Appointments to begin the selling process. We accomplish that through simultaneously addressing both the efficiency and effectiveness of the process. We can be reached at 817 224-9900 or at barry@coldcalling101.com.

Link to first blog: http://coldcalling101.com/what-are-the-key-elements-in-effective-communication-as-they-apply-to-cold-calling/

Link to second blog: http://coldcalling101.com/five-tips-to-help-make-that-first-cold-call-of-the-day/]]> http://www.salescoachinglive.com/barrycaponi/blog/want-to-cure-the-fear-of-cold-calling/ Wed, 11 May 2011 14:03:06 +0000 Barry D. Caponi http://www.salescoachinglive.com/barrycaponi/blog/why-don-t-ales-professionals-set-enough-initial-appointments/ Who should be making the appointment setting calls in your organization?

Is the sales force one that cannot, will not, or should not be setting appoi...]]> Who should be making the appointment setting calls in your organization?

Is the sales force one that cannot, will not, or should not be setting appointments their own appointments?

We are many times asked, “When should I outsource our appointment setting requirement for the outside sales team?” This question comes up when managers aren’t consistently seeing enough Initial Appointments being set by their sales team.

If we can answer the following question, we’ve got our answer. Is the reason enough appointments are not being set because the sales team cannot, will not, or should not be setting appointments? Now that I’ve settled that topic…just kidding. Let’s explore that a little more deeply.

Let’s look at the last qualifier first, because if the answer is no for that one, then the first two qualifiers are moot. “Should our outside sales team be setting their own appointments?” In a sales environment where the buying cycles are long and complex, the average sized sale is big, and the competitive landscape is tough, our sales professionals are usually very highly paid. In those situations, suggest we, at least, look at having someone else set appointments for them.

The reason for that is that setting our own appointments takes time, and a lower cost resource can set appointments. If I’ve got a team of highly qualified subject matter experts, for instance, who have heavy time commitments in the buying cycles to qualify, present, and close, it does beg the question. Perhaps we are better off letting those sales people concentrate on what only they can do, and hire someone else to set appointments for them.

The trade-offs here are how much subject matter training is required to make the appointment setters competent to set qualified appointments, can we deliver that training, and can we supply reasonably targeted lists. Those are questions you’ll have to answer yourself.

However, let’s assume for a moment that we’ve decided that our team should be setting their own appointments. The next question we need to ask ourselves is, “Are they failing because they cannot, or will not set their own appointments?” If they will not, perhaps it is because the task is arduous, too time consuming, and painful. If we have addressed those issues and they just won’t do it, we need to find those sales professionals something else to do.

If it is because they cannot (or we’re not sure if it still might be will not), we do have remedies for that. Four areas may be addressed to help them become more effective and efficient at this task. They are; better lists of targets to call, a better set of best practices (pre-set business rules for the process), a better set of tools to take the pain out of the process and make them more efficient, and better skills to handle the objections they encounter when attempting to set the appointment.

Do not fall into the trap of; if a sales professional knows how to close, they know how to set appointments. It is a totally different process, requiring a different set of skills, tools and processes. Too many, this is a surprise. So much so, that I dedicated an entire section to this topic in both of my books, Contrary to Popular Opinion, Cold Calling Does Work! Volume I: Effectiveness, the Art of Appointment Making, and Volume II: Efficiency, the Science of Appointment Making. You can also find some of that explanation in the blog entitled, The skills that are necessary in the pipeline phase of selling are not the same as those required in appointment setting Part 1, Part 2, Part 3 and Part 4.

If you believe that your team needs to be setting some, if not all, of their own Initial Appointments, then make sure they’ve got the proper set of skills, tools and processes to make them both effective and efficient—or you’ll continue to struggle with an anemic pipeline.

Caponi Performance Group and Contact Science jointly market the telephone prospecting and cold calling solution called Coldcalling101™. It is the only comprehensive solution to solving the biggest barrier to success in most selling organizations—the inability to secure enough Initial Appointments to begin the selling process. We accomplish that through simultaneously addressing both the efficiency and effectiveness of the process. We can be reached at 817 224-9900 or at barry@coldcalling101.com.]]> http://www.salescoachinglive.com/barrycaponi/blog/why-don-t-ales-professionals-set-enough-initial-appointments/ Wed, 04 May 2011 16:00:19 +0000 Barry D. Caponi http://www.salescoachinglive.com/barrycaponi/blog/a-tip-to-be-i-b-on-b-i-when-you-make-that-first-dial-of-the-day/ Even the best of us can verbally stumble on that first call of the day. Here’s a tip to reduce the risk of that happening.

We encourage everyone to p...]]> Even the best of us can verbally stumble on that first call of the day. Here’s a tip to reduce the risk of that happening.

We encourage everyone to practice aloud before making the first call of a call block. Specifically, and especially when first beginning to use a new set of scripts, counters, Bridge Questions™, etc., we suggest going through the opening script and each of the counters to the expected negative responses aloud before making that first call. In the beginning, it may even take a few attempts before the words roll off the tongue fluently and conversationally—without having to look at the words. After a while, it may take one or two passes before that happens. Don’t worry, it becomes second nature fairly quickly when we’re making calls consistently.

Here’s the specific tip, though. Years ago, when I first started our sales training and consulting business, all of our business came through cold calling. We made calls virtually every day. At the time, my brother, Todd Caponi, was also in the sales training business. Here’s the tip that we used before we made that first call; and one we encourage all that go through our Prospector’s Academies to use. Pair up with someone, even if they’re not even at your company. When you’re ready to make that first call, place a call to your buddy and just pretend it’s a cold call. Your buddy should immediately understand what you’re doing when you just launch into your opening script. (No need to tell your buddy, what you’re doing.) They should respond with a typical negative response, just like a target would. You should then handle it, just like you would on a call. You might then want to have them give you another negative response or two before you’re ready, but it shouldn’t take more than a minute or two.

If you’d like four other tips (I cover this one there as well), check out my blog entitled, Five tips to help make that first cold call of the day.
/http://coldcalling101.com/five-tips-to-help-make-that-first-cold-call-of-the-day/]]> http://www.salescoachinglive.com/barrycaponi/blog/a-tip-to-be-i-b-on-b-i-when-you-make-that-first-dial-of-the-day/ Wed, 27 Apr 2011 20:14:56 +0000 Barry D. Caponi http://www.salescoachinglive.com/davekahle/blog/popcorn-and-other-marketing-mistakes-in-a-changing-economy/
That was the title on the seminar brochure I received recently. As I survey some of the forces flowing through our e...]]>
That was the title on the seminar brochure I received recently. As I survey some of the forces flowing through our economy, and witness the way in which they effect my clients, I have to agree. The Information Age is certainly one of the most turbulent times business people have ever seen.

And the force causing the greatest turbulence is rapid, unrelenting change. Consider this. In 1900, the total amount of knowledge that mankind had was doubling about every 500 years. Today, it doubles about every two years. And the pace continues to increase. One futurist predicts that today's high school seniors will have to absorb more information in their final year alone than their grandparents did in their entire life.

At the same time that things are changing rapidly, competition is increasing in almost every industry. Foreign competitors have entered our markets, the wave of corporate downsizing has transformed thousands of displaced executives into reluctant entrepreneurs, and the knowledge explosion continues to evidence itself in new technologies that often provide radically different ways of accomplishing some task.

The result?

Burgeoning competition in almost every industry. I have yet to meet an executive who has said, "I have fewer competitors today than I did three years ago." Continually growing numbers of competitors seem to be a characteristic of our economy that we are going to have to live with for the foreseeable future.

Unfortunately, these forces of rapid change and growing competition have brought a cloud of confusion to CEOs and sales executives trying to grow their businesses.

One common response to this cloud of confusion is what I call "Popcorn." Imagine kernels of popcorn simmering in hot oil in the bottom of a popcorn popper. As the heat grows, one of the kernels explodes and rockets off against the side of the popper. A few moments later, another kernel explodes and shoots off in another direction. Before long, the canister is full of careening kernels bouncing in every direction.

That's my analogy to the way in which many businesses attempt to increase their sales when the temperature created by growing competition gets hot. As the heat of the situation grows, they know they have to do something. Then along comes a good idea and, pop, like a kernel of exploding popcorn, they lunge at the good idea.

The good idea can be anything. Maybe it's a media representative who suggests a new advertisement. That sounds like a good idea. So, "pop", off they go after that good idea. Or it could be a sales person suggesting that a computer program will solve their problems. That sounds like a good idea, so "pop," off they go after that good idea. Next is an advertising agency suggesting a new brochure. That also sounds good, and "pop," like kernels of corn exploding in every direction, they expend money and energy in short term "good ideas."

Like kernels of popcorn, they frantically chase lots of good ideas hoping that one will be the answer to the marketing problems. The problem is that these good ideas rarely have any relationship to one another. And, they generally present superficial solutions to problems which are often deeper. The company's time and energy is diverted toward these superficial "good ideas," and away from the deeper solutions.

For example, an advertisement in a trade journal may be a superficial solution for a company that does not have a system for identifying qualified prospects. And a new brochure may be a superficial response for an organization that doesn't have a feedback mechanism in place to adequately understand its customers.

The unfortunate consequences are often more pressure, more confusion, and more energy expended in the wrong places.

Is there a better way? Sure. A far more effective response is to create a powerful sales and marketing system. A sales and marketing system provides an interconnected, measurable set of processes and tools that ultimately result in increased sales. Where would McDonald's be today without a system to consistently produce hot hamburgers? Where would Toyota be if they had no system to design and build new automobiles? The keys to success for these businesses has been their ability to create and manage effective systems to accomplish their goals.

Sales and marketing can be treated in exactly the same way. The process of acquiring customers and then expanding the business with them can be systematized. If you're successful in creating a working system, you'll be investing your resources in the most effective way, and producing predictable, regular sales results.

Your sales and marketing system should start with a thorough understanding of the needs and interests of the prospects. Fold into that an honest awareness of the unique value your company brings to the market, and you have the beginning framework for your system. Your system should focus on the highest potential market segments, and develop segment-specific processes and tools to help you reach your market in the most cost-effective way.

When your system is designed, you'll also have a set of criteria in place to help you adequately assess the potential in such things as advertisements, brochures, computer programs, etc.

A well-designed system allows you to move out of the desperate reactive mode characterized by "Popcorn" and into a confident pro-active mode.

Here are seven questions to determine whether you're operating from the "Systems" perspective or the "Popcorn" mind set.

1. Do you have specific, realistic objectives for your sales and marketing efforts?

2. Have you precisely identified your highest potential market segments?

3. Have you identified the sequence of decisions that a typical prospect goes through to come to a decision to buy your product or service?

4. Have you identified the key activities and processes that must take place on a monthly basis in order for you to reach your sales objectives?

5. Do you have a monthly measurement of the quantity and quality of your key marketing activities?

6. Are you able to track exactly how much it costs to create a customer?

7. Do all of your marketing collateral (website, brochures, ads, etc.) directly support the purposes and processes of your system?

Obviously, a positive answer to those questions indicates that you have a well defined sales and marketing system in place. That means that you have gone from reactive to pro-active marketing, and that you're well on your way to regular, predictable sales. Negative answers mean that you have some work to do to bring your sales and marketing efforts into a proactive mode to allow you to successfully compete in the turbulent 21st Century.

Bring your business into the 21st Century by tapping into the wisdom at The Sales Resource Center. Visit http://www.davekahle.com for more information.]]> http://www.salescoachinglive.com/davekahle/blog/popcorn-and-other-marketing-mistakes-in-a-changing-economy/ Mon, 18 Apr 2011 12:39:40 +0000 Dave Kahle http://www.salescoachinglive.com/barrycaponi/blog/want-another-chance-to-follow-your-new-year-s-resolutions-2/ http://www.salescoachinglive.com/barrycaponi/blog/want-another-chance-to-follow-your-new-year-s-resolutions-2/ Thu, 31 Mar 2011 13:10:28 +0000 Barry D. Caponi http://www.salescoachinglive.com/barrycaponi/blog/want-another-chance-to-follow-your-new-year-s-resolutions/ http://www.salescoachinglive.com/barrycaponi/blog/want-another-chance-to-follow-your-new-year-s-resolutions/ Thu, 31 Mar 2011 13:09:51 +0000 Barry D. Caponi http://www.salescoachinglive.com/barrycaponi/blog/are-we-easy-to-do-business-with/ http://bit.ly/i66Mjw]]> http://www.salescoachinglive.com/barrycaponi/blog/are-we-easy-to-do-business-with/ Fri, 18 Mar 2011 13:57:27 +0000 Barry D. Caponi http://www.salescoachinglive.com/bfarmer/blog/opinions-everyone-has-one-at-least-one/ I have often heard that opinions are like anal orifices, everyone has one! The fact is that just like parts of our own body, we not only have opinions...
Our ownership of opinions is absolute regardless of the facts!! Two plus two always equals four. New York City is the largest city in the United States. San Francisco is on the west coast. These are objective facts.
Red is better than blue. Chicago is a more dynamic city than LA. The Packers should win over Minnesota (said before the season begins). These are ALL opinions and their truth lies solely in the eye of the beholder.

Before we enter in a discussion about what is “Better” for someone we care about, we need to take a minute and review what their opinions and beliefs are. That review can take many forms. Here is one possible way to begin the evaluation.

1. What is their underlining belief system?
2. What in their background could influence the critical viewpoint or decision?
3. Who else will influence this discussion / decision?
4. Why am I involved in this discussion / decision?
5. What impact will this have on their resources - mental, physical, financial
6. What do I KNOW about their opinions that will come into play?
7. What are the facts? Are these truly facts or MY opinions of the facts?

These are first steps. Remember that a person’s opinions are critically important to them and they will defend them to the death! If you think this is a bit of an exaggeration then look to the Middle East, the Middle Ages, witch hunts, the Hatfield verses McCoy feud, Democrats verses Republicans, USC verses UCLA and High School Football in Texas!!

Treat people’s opinions as if they are as precious as their children. They might have had them longer!]]> http://www.salescoachinglive.com/bfarmer/blog/opinions-everyone-has-one-at-least-one/ Wed, 23 Feb 2011 14:13:59 +0000 Ben Farmer http://www.salescoachinglive.com/bfarmer/blog/passion/
Without passion, there is no fun!!

One of our best friends is p...]]>
Without passion, there is no fun!!

One of our best friends is passionate about abandoned St. Bernard dogs. This became a mission that has lead to the rescuing of hundreds of these beautiful animals.

Passion is the reason Jonas Salk invented the Polio vaccine and when asked why he did not patent it stated when asked by famed reporter Edward R. Murrow “Who owns this patent?", Salk replied, "No one. Could you patent the sun?"

Here are a couple of key ways to know what you are passionate about:

1. Does your voice get stronger when you are talking to others about building a house?
2. When someone asks your advice on a finding new customers do you find yourself giving them all sorts of advice?
3. Do you find yourself going on and on about Golden Retrievers?
4. Do bridal dresses give you goose bumps?
5. When you are tired and you get a call to go do something that involves a subject does your exhaustion disappear?

If this happens than more than likely you are passionate about these particular items.

When someone asks me about helping others be successful, I have to hold myself back. When someone mentions a golf game, I am there.

Now translate this to business. What about your business turns you on? Is it that your office is a great place to work? Do your clients send you thank you notes? Are you award winners in your industry? Do you make a difference in your clients lives? How do you fulfill their wants and needs? How do you make communication better in the office, with your sales force, with your clients? Are you passionate about adding value to you clients lives? If so, how?

Be passionate and make a DIFFERENCE!!]]> http://www.salescoachinglive.com/bfarmer/blog/passion/ Tue, 22 Feb 2011 23:48:14 +0000 Ben Farmer http://www.salescoachinglive.com/scottconover/blog/fear-of-not-making-your-quota/ FDR’s famous inauguration quote “The only thing we have to fear is fear itself.” This has never been more true than in sales.

Most people today are...]]> FDR’s famous inauguration quote “The only thing we have to fear is fear itself.” This has never been more true than in sales.

Most people today are driven by fear and most sales leaders lead by fear. As a result, your decisions are driven out of fear. This behavior is holding you and your sales team from meeting your goals.

We are now 2 months into the year, sales professionals have received their quotas and have been pounding the pavement to drum up new leads and close deals. Many are already finding that they are not trending in the right direction to meet their quotas. They are beginning to feel that heavy weight of their quota and are fearful of not obtaining that number. If not caught early, this will paralyze you and your sales team. Being fearful of not attaining your quota will quickly become a self fulfilling prophecy. My suggestion and what I have found to help sales professionals meet their objectives is to not constantly focus on where you are against your established quota.

Nobel Prize Winner: “Business people who do not know how to fight worry, die young. How many of the things we worry about are worth that price?”

So, you may be asking yourself “How do I go about embracing my fears?” To answer that question, let’s take a step back and review what I hear most regularly while assessing the mindset of sales professionals and sales leaders. It is very apparent that they are fearful of two things that they can't control. Let’s see if you can pick out what those two things are.

Here are some of the statements that I hear most regularly in our assessments.

Sales Professional: That number is bigger than last year and I couldn’t hit that one. What if I don’t hit my numbers? How does that make me look? How quickly will I be able to find a new job?

Sales Leader: What if I fire underperformers? What will that do to the morale of the team? It took me a long time to hire these individuals, what if I can’t find someone to take their place? How much time will I lose in hiring and retraining someone else? How much market share will I lose? How will I meet my team goal or investor expectations?

If you are like most people you probably saw a lot of random questions but if you analyze each statement you will see the commonality across the board. The commonality that you see in all of these statements are that most people live in either the past or the future which are two things that can’t be controlled. Begin asking yourself as to what is holding you back and you will probably see that you share the same common traits as your peers.

As a ship has compartments that can be sealed to prevent water in one compartment from flooding another, so too do we need to seal off the past and the future. “We cannot live one moment in either of those eternities and to try to do so could ruin both our minds and bodies. We can be content to live the only time we possibly can – TODAY.” – Dale Carnegie

I like to use this question to some of the people that I coach. “If you were to go from Dallas to New York and there were no signs, compasses or GPS devices to get you there, what would you do?” Some get it right but most struggle. For those that don’t get it I will begin working with them through a series of questions to get to the answer but to summarize, the smart thing to do is to find someone who has already taken that journey and question them about what to take with you on your journey, where you should turn and what you should look out for to ensure a speedy and safe journey.

My suggestion is that you do the exact same thing with your sales career. Begin to look at the individuals that are successful in your organization. Focus on the processes that has helped them be successful and you will become successful. Ask for help in creating your process. You will find that people are willing to help those that ask for help and take action.]]> http://www.salescoachinglive.com/scottconover/blog/fear-of-not-making-your-quota/ Tue, 22 Feb 2011 15:32:53 +0000 Scott Conover http://www.salescoachinglive.com/barrycaponi/blog/8220do-i-know-you-8221/ People are reluctant to open up to a stranger on the phone.

Saw the author of Power of Who, Bob Beudine, a little a few weeks ago and he hit on a poi...]]> People are reluctant to open up to a stranger on the phone.

Saw the author of Power of Who, Bob Beudine, a little a few weeks ago and he hit on a point that we’ve all heard before, but is worth repeating. People buy from people: people that they know, like and trust. Selling on a cold call takes advantage of none of those. By the way, Power of Who is a GREAT book on how to leverage those that we already know. A very compelling work.

The moral of the story is that unless it is absolutely necessary to sell over the phone (and I know that some of us must), establishing the relationship that precedes a sale is best done face-to-face. Think about it, if someone calls you on the phone out of the blue, and wants you to ‘spill your guts’ on what’s going on in your life (whether it be business oriented or personal), it’s hard to do without knowing the person at all. We all are reluctant to do that unless it is a commodity type of sale.

If you must sell over the phone, services like ooVoo and Skype are now making video calling very simple and it doesn’t cost a thing. You might start asking your targets whether they’ve got that capability.

Caponi Performance Group and Contact Science jointly market the telephone prospecting and cold calling solution called The Prospector’s Academy™ under the brand name Coldcalling101. It is the only comprehensive solution to solving the biggest barrier to success in most selling organizations – the inability to secure enough Initial Appointments to begin the selling process. We accomplish that through simultaneously addressing both the efficiency and effectiveness of the process. We can be reached at 214 483-5800 or at barry@coldcalling101.com.]]> http://www.salescoachinglive.com/barrycaponi/blog/8220do-i-know-you-8221/ Wed, 02 Feb 2011 17:37:51 +0000 Barry D. Caponi