Black Sales Journal

I know that I seem to spend a lot of time and effort getting someone to re-boot their sales career, without as much regard for those individuals who are doing well, and just needing to fine-tune some of their efforts.  During this post we will spend some time talking about some activities that will help you to sharpen your skills.

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You may want to ”sharpen your saw” for a variety of reasons.  Among these reasons could be:

• To make more money
• Exceed sales goals
• To increase your effectiveness and efficiency
• To get a promotion or better job

There are things you can to that will affect these areas.  If you are doing well, and want to consider these while there is not serious survival pressure.

The activities that a sales professional does can be common and some are based on particular situations.  There are activities that are done everyday, and there are those that are done as a reaction.  The good part about sharpening skills is that you move away from survival techniques and move to the items that make you more effective.

9 Items to Help You Tune it up

I know that you have heard these items somewhere before.  I hope the explanations will hope you understand why you need to consider them.

Here are some items that I would suggest:

• Seek out a mentor
• Mentor someone
• Get up to date on technology
• Examine your goal setting
• Institute a networking plan
• Attend a sales seminar
• Improve your knowledge – Take a class
• Join a group or association with common interest
• Get a sales coach

Seek out a mentor – You have heard this one from me before, and I cannot emphasize it enough.  I have done two posts about it, and the interesting part is that most Black sales professionals do not do it.  I will note that the mentor need to be accomplished, rather than of a particular race or creed.  It is always good to have someone that shares some of the same challenges in cold calling and organizational interaction.   If you want to see more, check out Black Sales Journal 1/27 Do You Need A Mentor, Probably Two, and Black Sales Journal 7/18 When Mentoring Goes Wrong.  Remember, mentoring can be formal and informal in terms of the arrangements.  Make sure that you arrange it so you can get what you need out of the relationship.

Mentor someone - Nothing helps you re-examine the most important areas of sales professionalism like when you are teaching it to others.  Whether it is the finer points of prospecting or the timing of a close, you think about it harder when you have to teach it to others.  You may refer to Black Sales Journal 3/28 Being A Mentor on this important topic.  You will be giving back, but also re-examining your sales base in the process.

Get up to date on technology – This is a good one to examine.  Increasing your mastery on your system at work is just as important as some of the actual face-to-face work you will be doing.  If you are on Sales Genie or SalesForce.com, you may need to bring yourself up to date to be most efficient.  These programs have good functionality, and your ability to shorten use times depends on your mastery, so get good at it.

Examine and change your goal setting – Stretch yourself on your goals and internalize them.  You all know what stretching means, now I will quickly say that internalizing them means that you will substitute them for the goals that you were given for the year or period.  The new number then is “your” number, and it is taken for granted that your new number is more ambitious.

Institute a networking plan – I will point to Black Sales Journal 2/21, Networking for the Black Sales Professional for this valuable suggestion.  The strength of networking is that prospecting can be less tedious.  They know why you are at the function (chamber meeting, business function etc.) and they know you are going to “touch” them at some point.  It is expected at this function, so your comfort level is high.  The good thing is that this is where your elevator pitch (Black Sales Journal 8/12, Know Your Elevator Pitch) comes in handy.  If all goes well, someone in there is in need of a widget, whether they know it or not.

Attend a sales seminar – There are many that believe sales seminars are a waste of time.  There are some that are worse than others, yet I believe that if you come out of it motivated, and believe in the boundless ability to make money, then it cannot be a total waste of time.  I went to a Zig Ziglar event one time, and he delivered a lot of platitudes, yet there were some sound messages delivered as well.  Note – If you pick up one kernel that develops you, you have been successful.

Improve your knowledge; take a class or course – It does not even have to yield a certificate, let alone a degree, but a course that strengthens you technically can yield strong benefits.  Knowing more about your product, marketplace, or the sales process is a plus and an excellent way to sharpen skills.

Join a group or association – This one is a solid way to network as well as capture an audience for your skills.  Joining a group or association is an excellent way to develop contacts, show expertise, and gather the backing that you need to be considered a true expert.

Get a sales coach – I saved this one for last because it may cost money.  A sales coach is a solid way to get someone to evaluate your sales style and help you improve your weak areas.  Do you have a problem probing, supporting, or probing?  If you sales manager is not giving you constructive comments, you may need someone to help.  Coaches are not free, yet depending on the resources that you have at your disposal starting with your sales manager this might be necessary.  Try your manager first, then a mentor next.  If that does not give it to you, consider a sales coach.  Sales coaching can be on-line, personal, or for teams of sales professionals.

Be Honest With Yourself

The most important thing is to be honest about what you really need help on.  If you are just low in spirits and need some uplift, consider attending the sales seminar.  If you are in need of someone to bounce things off of seek a mentor.  I think you get the drill.

If you career is not sputtering, this is really for you.  If you don’t need to do some emergency triage to stay in your position, you can strengthen areas that others are forced to ignore.  Pick one, and make yourself more complete with the objective of continuous improvement.

We welcome your comments. You can reach me at Michael.Parker@BlackSalesJournal.com.

This is a topic that many sales professionals wrestle with, although some get adept with deceiving themselves.  Prospecting is at the foundation of many sales positions, and you cannot avoid it when in those positions.  Take a moment to read this and remember that everyone’s metrics are different based on their effectiveness. You don’t as much have to be scientific, but you do need to be formulaic.

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There is no magic to prospecting, just some real hard work, some simple tactics and gambits, and a realization that the only way to win is volume.  That is volume of calls, volume of appointments, and volume of proposals.  Without that, you will not have a volume of sales. Sales professionals who have done this long enough know that your best effort, even when well directed will still result in a certain amount of rejection and wasted time.  The key to dealing with the rejection is to make enough calls that the rejections don’t bother you and the feelings of wasted time are eclipsed by the successes that you generate. As was discussed in Black Sales Journal, 9 Prospecting Tips For The Black Sales Professional (2/10/2011), this is the most necessary of your activities, even if you are having a banner year.

What is the Definition of a Prospect?

A prospect is a potential customer that you are attempting to take to the next stage of the buying relationship.  Once they buy, they can remain a prospect, even though they are a customer for one of your products or services.  This definition will keep it simple for this discussion.

How Many Prospects Do You Really Have?

You must take an honest accounting.   How many of your prospects truly have an opportunity to move to the next level?  If there is doubt as to their potential, then they fall a “grade”. If you don’t use a system already to grade your prospects, then consider this one: Divide your prospects into 4 groups -

Grade A – High Probability, based on your relationship with the buyer, a match between buyer needs and your product.  Spend adequate time to test these prospects.

Grade B – Better than Average Probability, based on access to the decision maker, buyer needs and your product.  Spend adequate time on these as well.

Grade C – Average Probability, good match of product features and benefits.  These deserve time to develop, and should be reduced to Ds if they do not allow contact or show promise.

Grade D – Lower than Average Probability, based on difficulty with buyer access.

Kiss the Grade Ds Goodbye

Your distribution of “prospects” in the grades is important.  That is why you must be very honest with yourself.  Honest with yourself in a way that you are not honest when discussing your sales funnel with your manager.  This brutal honesty is required because you cannot succeed if you do not have the requisite number of prospects. The first thing I suggest you do is to trade off your D accounts!  If you cannot trade them to another sales professional, then I would suggest you shelve them, as they will only hurt you if you spend time or other resources on them.  D accounts may be a D because of no chance of a relationship, or because of some evidence of preference or prejudice.  Whatever it is, if it is rated a “D”, I would suggest you don’t touch it.

How Many Prospects Do You Need? – Know Your Ratios!

This depends on your goals, and the kind of sales that you are involved in.  To an even greater extent, that is dependent on you, and your sales abilities and effectiveness.  If you are still learning and honing your skills, you possibly will need more than someone who is a consummate veteran. Review your sales records, and calculate your sales ratios. Know these items:

• How many telephone calls you require to get an appointment on average?
• How many appointments it takes to get a proposal?
• How many proposals it takes to get an order?

You can get this from your records if you have been selling for a while.  It will help you construct your ratios.  Your ratios are important because they reflect your selling styles and abilities.  It makes for a good exercise. If you are successful in getting an appointment 1 out of 5 phone calls on average, you know a valuable variable.  If you also know that it takes you 2 appointments on average get 1 proposal, you know another key variable.  The combination of these builds a large part of the equation.

Now if you determine that you get an order on 1 out of every 5 proposals for a hit ratio on proposals of 20%, you know some good information. In the example above, you will note that:

In the example above, you will note that:

Successful Sales –       1

Proposals –                   5

Appointments –           10

Calls Required –          50

Your Ratios are YOUR Ratios!

You must know and respect your ratios.  They will not be exact, yet the longer that you are involved in sales, the ratios will begin to have their own rolling history.  You need to believe them as they only respect the historical, yet you also can change them. If you annual sales goal for new customers is $250,000 and the average sales of the product your company sells is $50,000, you need 5 (average) sales to reach goal. Your ratios would require the following amounts of activity:

Calls Required -            250

Appointments –              50            (1 in 5 phone calls yields an appointment)

Proposals –                     25            (2 appointments gets 1 proposals)

Sales –                               5             (20% of the proposals end in sales)

Meets goal –                  $250,000 in new customer sales

So if you take your goals, and include YOUR ratios, as opposed to the company ratios, you will get a clearer picture of what you need to do.  Remember, as a Black sales professional, your product as well as your receptiveness by the buyer affect your ratios.  There is still racial preference and racial prejudice that will weave its way into the equation.  Be prepared for it, and stock your prospect base in preparation for it. We are talking about averages so be careful.  You may need more or less.  This will serve as a starting point.

A Couple of Tips

Before I close I will drop a couple of tips regarding the impact of your activities.  In any sales job, no matter what they are called, there are activity standards (such as prospecting and quoting), and there are production standards (such as number of sales and dollars of sales.) If you are successful in getting the production standard, you will probably have a job for the next round, yet if you fail in getting your activity standard, and also fall short of your production standard, you are probably in trouble.  Be aware of your goals for both activity and results.  If you are successful in getting your activity through prospecting, and incorporate your ratios, you have a chance to reach your results Good luck and good prospecting.