• Matt Heinz

    From the Sales Trenches: Q&A with Doug Slotkin

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    This continues our series of front-line sales interviews, featuring quota-carrying sales reps as well as their managers and leaders (see previous interviews here, here and here).  Doug Slotkin runs Zillow’s local ad sales organization and is responsible for the growth and development of the inside sales team at Zillow. Prior to joining Zillow, Doug worked for Market Leader (formerly HouseValues) where he held various sales and sales leadership roles.

    How (and why) did you get into sales?

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  • Jim Dickie

    Optimizing the People Who Lead Our Sales Teams Q&A

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    Sales Managers can make or break your year.  What are you doing to help them excel at their jobs?  We conducted a webinar to review the results of our 2012 Sales Management Optimization Report.  These are answers to the questions from our attendees.

    If you missed the webinar, you can view it here.

    Answers are provided by Jim Dickie, Managing Partner of CSO Insights

    In reference to sales managers with only 2-3 reps in their team, are they considered less productive?

    There are a number of reasons companies may choose to have a low manager to rep ratio. For example, several firms we benchmarked had the managers themselves still carrying an individual sales quota. In reviewing the Sales Management Optimization study data for the past three years, we have not seen any correlation between the productivity of managers and the number of reps they manage, until you get to 12 or more reps per manager. At that point we see a decline in the percentage of reps making quota, but no meaningful decline in the percentage of overall revenue plan achieved.

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  • Jack Malcolm

    Knowledge and Persuasion

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    Last week I went on a little rant against those who tell us that in this Google Age it’s not important to stuff your head with facts. I showed how on having a deep well of knowledge to draw from is so critical for effective thinking.  But what about persuasion? Compared to clear thinking and compelling communication, it would seem that having a lot of facts at your command would seem to be relatively less important. In this article, I’d like to show that depth of knowledge is a huge asset for persuasion as well.

    Regular readers know that one of my key themes is that content is king. It’s wonderful to have a gift of gab and to know how to pull all the persuasive strings, but without a lot of facts at your immediate command, you can look like a fine pen that is running out of ink.

    Unless you make a living as a writer, most of your persuasion is real time, so you’re not going to have time to look up the information you need to support your point. In a dialogue where two people are trying to influence each other, the one who has the necessary facts at their command when they need them is likeliest to prevail.

    Have you ever seen someone deliver a slide presentation and look at the slides most of the time? They use them as a crutch and a memory aid for their “talk track”, and it’s obvious that they don’t have full mastery of the material. Yet, they’re trying to talk you into something based on that material. The content may be airtight, but yet it’s unconvincing; they come across as content mercenaries, fighting for someone else’s ideas.

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  • Dave Brock

    The Web, The Answer To All Our Customers’ Prayers!

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    Let’s face it, customers really hate us.  They will tolerate our marketing content—as long as it isn’t too promotional—just the facts please.  Sales people, well that’s another story, we’re really a total waste of their time, unless the are looking for lunch or a golf game.  With the exception of the lunch and golf game, the web now can solve virtually all our customer problems.  Customers can find peers, other people who have the same interests, concerns, problems.  “Trusted sources,” that can provide much” higher quality information and insight” about vendor products than the we can.  Our role as suppliers is now to sit politely by the phone, wait for it to ring, then answer any remaining specific questions the customer may have, process their order (if we are fortunate enough to be the supplier selected), smile and thank them for their business.

    Our buyers are so fortunate.  We know all that information is totally accurate.  We know those users or people who have experience know everything there is to know about our products and services, and how they apply specifically to the problems other companies have.  We know these are totally without agenda (or even being compensated).

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  • Phil Fernandez

    Using RPM to Manage and Optimize the Entire ‘Customer Lifecycle’

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    Revenue Performance Management (RPM) is much more than improving the effectiveness and efficiency of sales and marketing. In fact, RPM is today enabling organizations – from major health systems and global consumer product companies to web 3.0 start-ups – to transform their revenue processes and realize significant increases in performance and results.

    But, I would argue that RPM is even bigger than that. We are increasingly seeing marketing automation and RPM on the front lines of creating new ways of thinking about, and ultimately creating, business excellence. RPM is helping companies to drive business-building change in a world that is changing faster than many of us would ever have thought possible just a few short years ago.

    So where is that change taking companies now? And how can we harness it to maximize top-line results while improving bottom-line profitability? The answers lie in how RPM is providing a strategic and operational framework with which companies can rethink, enhance, and expand their critical relationships with customers. This is a big idea that is worth exploring.

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  • Dave Stein

    Role-Playing: Making Your Formal Sales Training Programs More Effective

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    Sales training: role-playingToo often companies invest significantly in a major sales training program only to see little improvement.  Again and again sales managers say, “sales training programs are a waste; my people just do what they’ve always done sixty days later.”  Of course one mistake many companies make is to treat sales training as an event rather than a ongoing process.

    There is one trend ESR is happy to see: the growing appreciation among sales managers that reinforcement is a critical part of learning.  It’s what extends the experience of learning long enough for new behaviors and habits to take hold.  One age-old reinforcement tool—role-playing—is making a real difference for some salespeople facing the challenge of adopting those new behaviors and building those new habits in the midst of their difficult selling environments. Role-playing with your sales teams shortly after the formal training has taken place can be a game changer.

    If your sales training partner offers role-playing as part of their approach, you’re probably in good shape.  Avail yourself of what they have. If not, you’ll have to take matters into your own hands.

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  • Christian Maurer

    How do you define Sales?

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    I have gone quiet on my blog for a while. One of the reasons is that I am preparing and teaching a course on “Methods for Complex Sales” in the Master Program “Strategic Sales Management” at the ESB Business School at Reutlingen University, Germany. Preparing and delivering this six days course is quite an undertaking consuming much of my time not devoted to delivering consulting projects. Over the next few week, I will write about my experiences in preparing and teaching the course. Today, I would like to share my thoughts I had when preparing for the first lesson. It thought it would be good practice in a university class to start with a definition of what sales is.

    Oxford Dictionary for the Business World

    I started by consulting the Oxford Dictionary for the Business World where I found:

    “Sale
    1 exchange of a commodity for money etc. act or instance of selling
    2 amount sold
    3 temporary offering of goods at reduced prices
    4a event at which goods are sold
    4b public auction

    On or for sale: Offered for purchase [Old English]”

    I felt that only the first definition would fit with the subject of my course. Yet the “exchange of a commodity...” bothered me immensely. Although we see strong trends toward offerings become commodities ever faster, I could not see how I could my conviction that successful sales people by bringing value to their customers can curb this trend would fit with this definition.

    So I tried the entry

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  • Matt Heinz

    Summer reading list: 10 picks for early stage business leaders

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    Originally published in Geekwire

    There’s nothing wrong with that trashy novel you’ve tucked away for the vacation, long weekend, or mere sunny afternoon in the backyard. But with Memorial Day Weekend fast approaching, you can also use the long summer days ahead to catch up on some important reading that will help your business.

    Below are ten summer reading recommendations for leaders and entrepreneurs – especially those who start, run or work with early-stage businesses.

    Some of these recommendations have a distinct technology bent, but they’ve collectively been chosen to give leaders and entrepreneurs a focused but well-rounded set of ideas and inspiration to continue driving innovation and growth well past the summer months across all facets of the business.

    Without further ado:

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  • Bob Apollo

    What’s holding your business back? Try this 12-point action framework

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    What would happen if you were able to double your sales and marketing resources overnight? Assuming that you haven’t already saturated your target market, how confident are you that you could at least double your revenues - and how long would that take? What if you were able to quadruple your resources?

    This question often poses a problem for B2B-focused organisations with long and complex sales cycles, or for sales teams that have a long history of relying on sales heroics. Without a well-defined, scalable sales and marketing process, no matter how much resource you can throw at the market, you’ll inevitably struggle to attract, engage, qualify and convert enough of the right sort of prospects.

    The challenge is particularly acute for growth-phase organisations that are trying to “cross the chasm” from early adopters to mainstream markets, and for established organisations that are wrestling with increasingly competitive markets. It’s hard - some would say impossible, in today’s business climate - to break free of these constraints unless you have managed to establish a truly scalable, repeatable and reliable sales and marketing machine - a machine that is continually improving its return on the resources already being deployed.

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  • Colleen Stanley

    The Discipline of Sales

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    Dr. Charles Swindoll said, “Discipline is something no one likes but everyone admires.”   The longer I am in the sales training profession, the more convinced I am that sales success is contingent on a salesperson’s discipline. 

    Let’s face it; we live in a world of shiny objects.  If you aren’t tempted by checking your Facebook page, you will be tempted by the latest email landing in your email in box.  It takes discipline to stay the course and honor the business development plan that you have set for the week. 

    So what do disciplined salespeople do that non-disciplined salespeople DON’T do? 

    #1: They make a decision.    Before any great goal can be accomplished you must make a decision that the “why” behind the goal is big enough to go for, and that you will do “what” it takes to achieve the goal.   Many people never make a decision.  They keep talking about the pros and cons of doing something, confusing the discussion with actual action needed to achieve the goal.    

    What decisions do you need to make?   Do you need to get clear on your “why?”  Do you need to stop kidding yourself and finally admit that you are not willing to do the “what” necessary to achieve the sales results you want?  Make a decision because indecision over time becomes a decision.   

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