http://www.salescoachinglive.com/blog/category/sales-operations/ 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/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/schlackman/blog/3-principles-for-building-a-great-reputation/
• Exceeding expectations
• Strong return for the investment
• Your company’s culture

Exceeding expectations: What expectations do you set with your customer or prospect that gives them an appreciation about how you conduct business? How are you different from the rest of the pack? Do you deliver greater service than expected, faster turnaround on delivery, better than expected response time on the phone or onsite? When you exceed expectations, your customers are elated. This is what they will come to expect. When you are impressed with how you are taken care of, do you tell a colleague about it? Most certainly, and since we all want our friends and colleagues to reap the same benefits we’ve received, we give a referral which naturally adds to our own credibility. Sometimes it’s the little things in life that make the huge difference. Your health club opening up 10 minutes early or waiting on hold for the next operator and they say the waiting time is 5 minutes and they pick up in 20 seconds and you’re impressed. Or your CPA says you will owe approximately $750 this year in taxes but due to his diligence, he calls one week later to say that you are getting $250 back. It’s all about being better than the expectations you set. Where can you exceed expectations?

Strong return for the investment: A strong return on investment is tangible proof that your solution provides value. Yet can you quantify the return for the customer? Will spending $5,000 in new software reap a return 5 times greater over the next 2 years? Will it be in revenue, expense savings, customer response time or an increase in productivity? If you can quantify their investment, your customer will have a sound reason to buy. Customer testimonials are one great way to demonstrate your value, and you’re letting your customer tell your story. Nothing is more powerful than reference selling and referrals.

Your company’s culture: maybe intangible, but it’s powerful. It’s how you view your customers. How do you conduct your business, what’s your attitude towards customers, how can they expect to be treated? Winning companies are the ones that give power to the employees to make decisions that are in favor of taking care of the customer. Does your culture put the customer first, does it empower the employee to solve the customer’s problem, are your terms and conditions fair, do you follow up in a timely manner and how quick are you to resolve issues and make decisions? World class companies let customers know what it’s like to do business with them. There is very little red tape. Just look at how Southwest Airlines operates and yes their latest commercials have a ball of red tape rolling down the terminal. Great companies have a reputation for being decisive, having a goal that is always win-win and have a foundation formed with their customers on based on trust.

If you want your customers to admire your reputation in your industry, make sure you exceed their expectations, convey a strong return for the investment and show them how your company operates to maximize the customer relationship.

Good selling!]]> http://www.salescoachinglive.com/schlackman/blog/3-principles-for-building-a-great-reputation/ Fri, 03 Jun 2011 16:37:16 +0000 Stu Schlackman 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/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/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