Sales Management: Are You Hitting Key Performance Goals?

The Sales Team Science Assessment Can Reveal Whether Your Sales Teams is Among the Elite

Ahhh, Sales Management. Leads, pipeline, goals, tracking, reporting, KPIs, and compensation. All of these elements are no-brainers, right? Easily articulated, easily understood.

Would you say every member of your sales team can define their KPIs? Do you have a scoreboard so every member can see how the team is doing? Does every member take part in setting their goals and expectations? Do your sales leaders discuss pipeline, market, and product knowledge in every single sales meeting?

From your culture to your team’s expectations, from prospecting strategies to the philosophies that drive your KPIs, your sales team needs to excel to be able to compete and close. The good news is—as every great salesperson knows—gaps mean opportunities. And opportunities mean potential.

That’s where Sales Team 6 comes in.

Using a six-part assessment targeting the 6 Drivers of High-Performance Sales Teams, Tyson Group is able to analyze your team’s metrics to determine what tools are needed to excel in their respective roles to help drive revenue. Responses are then used to generate a customized scoring tabulation conducted through specialized software, with a perfect score set at 150 points. Armed with this information, we will evaluate and design a training playbook tailored specifically to the strengths and weaknesses of your existing sales team.

The result? Increased sales productivity. Reduced sales cycle time. Higher close rates. In 90 days or less.

To CC or Not to CC…There is No Question

High-Performance Sales Teams Leverage Multiple Decision-Makers to Close the Deal

In most B2B sales, you will need to deal with more than one decision-maker. To avoid getting limited by corporate politics and the whims of one decision-maker, you should enhance your entry efforts by contacting all decision-makers who can have an impact on your sales process.

Here’s an example of why you need to reach multiple decision-makers in your target company: Back when I ran a lead generation service, a salesperson contacted me about a call-management software suite. When he pitched me, he said that this software package would change the nature of my business for the better by making the calling team more efficient. I was intrigued, so I scheduled him to do a product presentation. When he arrived, I called in several members of my team to review the presentation:

  1. My VP of sales who led a team to sell our service
  2. My VP of Service who managed the team making the calls and building the meetings
  3. The Director of Technology who had to ensure the software wouldn’t cause friction for the people who had to use it

In the space of an hour, this sales rep had to address the concerns of everyone at the meeting. He was able to accomplish this within the time constraints, and he had time to address additional questions and gather more information. How? It wasn’t because of his scintillating personality or his flashy sales talk. Unbeknownst to me, he had reached out to each of these people and uncovered their challenges before he even contacted me. This salesperson got the opportunity to make his presentation because he had done his homework and created an internal support base.

The “cc” option in an email is there for a reason. Use it. A lot.

Learn more about Spiderwebbing and company prospecting in Lance Tyson’s book Selling is an Away Game, available online at Amazon now.

Selling Power Lists Tyson Group in Top 20 Training

With a nation struggling to go back to “business as usual,” sales training proves to be more important than ever.

Press Release: Tyson Group

Today, Tyson Group is pleased to announce it has been included on Selling Power’s Top 25 Sales Training Companies 2021 list for the fourth consecutive year.

According to Selling Power publisher and founder Gerhard Gschwandtner, sales training is more important than ever as salespeople adjust to selling during the COVID-19 pandemic.

“Sales training has shifted drastically in the last 14 months,” says Gschwandtner. “Each of the sales training companies included on this list was able to pivot quickly to deliver elite, engaging sales training virtually. Their efforts and expertise helped their clients to reach and exceed sales goals during a difficult economy.”

Whether it is filling stadium seats, vacation resorts, or getting people back into luxury dining, Tyson Group, led by Founder Lance Tyson, is helping organizations determine how to sell their way out of a crisis that includes efficient people management, establishing compensation structures in a down economy, creating new product offerings, and attracting more clients and customers in a virtual environment.

“The world of sales and training has changed dramatically. CEOs have no choice but to rebuild their sales force in new ways. This award benchmarks against the best in class,” says Tyson, President & CEO of Tyson Group.

Recently, Lance has been working directly with CEOs on diversity and inclusion efforts within sales organizations and how to manage outcomes in remote environments.

All companies to receive this distinction submitted a comprehensive application that included a detailed listing of their offerings for both training and retention, innovative solutions, their company’s unique contributions to the sales training marketplace, and their response to the COVID-19 pandemic.

About Tyson Group

Tyson Group’s mission is to coach, train, and consult with sales leaders and their teams to compete in a complex world — regardless of what the market looks like. Taking a diagnostic approach, Tyson Group strives to understand sales teams and addresses gaps through their Sales Team 6 Assessment. Using a six-part assessment targeting the 6 Drivers of High-Performance Sales Teams, Tyson Group is able to analyze any team’s metrics to determine what tools are needed to excel in their roles and help drive revenue. Then, they design a tailored playbook that defines an action plan to further develop team members and equip them with the desired skills for each marketplace.

Tyson Group is available for commentary.

Chip.stclair@tysongroup.com

B2B Sales Lessons From Black Friday

When thinking about Black Friday, your mind probably wanders to long retail lines and slashed prices on consumer goods and services.  Not Business to Business sales.   But there is a lot we can learn in professional sales from watching the trends we see with consumers and the way retailers are adapting.

Black Friday has been around since the late 19 century, and for the majority of that time it did not change much.It’s been a one day, brick and mortar event. Shoppers get up early the day after Thanksgiving to bear the rush and save big!

But over the last few years we have begun to see a shift.

Through the rest of this post we will explore how consumers are making buying decisions, what retailers have had to do to adjust, and what that means for the professional sales environment.

Business and Sales are being done online

In 2015, Thanksgiving night saw 41M people in the U.S. shop online — versus 34.6M in stores. On Black Friday, it was 75.3M online and 74.6M in stores.  Each year, more people are skipping the lines to stay home and do their shopping online. A lot of this is fairly logical. If you can sit with your family on Thanksgiving, grab your laptop, and buy a Kindle Fire for $35, most people would do that as opposed to drive to Best Buy and get the Kindle Fire there.

As a result, you’ve seen concepts like Cyber Monday — the Monday after Thanksgiving — become popular in the past 2-3 years.

What does this mean for professional sales? We’ll get into more specific advice later in this article, but first — be online.  Connect with prospects on social media, reach out via email or LinkedIn, send potential clients an article or white paper your marketing team put together.  Identify how your clients want to be communicated with and adjust your process.  Be present where your prospects are present!   But remember, sending isn’t selling and social media should not be the only way you are reaching out.

Buyers have more info prior to a sale

So we know people are buying online for the convenience factor.  But this also gives the consumer an interesting advantage over retailers and professional sales teams alike.  Consumers have more information that they used to before making a buying decision.

So what do retailers do? More than a week before Black Friday, Amazon unveiled a list of Black Friday deals, including reducing the price of some Barbies, Hot Wheels, and Fisher Price toys by 50%. You’re seeing this more and more.  Rather than unveiling prices day of, retailers are educating their consumers on price and product information.

In professional sales we need to the same.  You need to understand how much info your buyers have — and you need to be a knowledge source for them, as opposed to withholding information. It’s all about continual feedback loops, adjusting on the spot, and making sure you are playing chess, not checkers.

Buyers Also Take Longer to Make Sales Decisions

So we know that consumers are doing more research online, and that they are fueled with more information than they used to be.  What else does this mean?  Buyers are taking much longer to make decisions than they used to.

This is why retailers are starting to shift to week-long doorbuster sales; part of it is because they want to keep the momentum and revenue going, but part is because they know people in there on Thursday night might not be ready to make all their decisions.

How to deal?  The easiest way is to understand your prospects’ timetable — which you can do by simply asking them — and creating artificial timelines by challenging their status quo. With most prospects, there’s a real timeline and a created timeline. The closer you can move to understanding the real timeline the better position you’re in to make the sale.

Everything is becoming more competitive

The factors mentioned above have done one major thing.  It has empowered the consumer, which is a good thing.  But this has made the retail market much more competitive.

The growth of mobile and digital did two important things:  it removed the distance element that traditionally gave more power to retailers but it also made it insanely easy to reach a maximum amount of potential customers.

The ever-shifting nature of Black Friday is an example of how retailers have had to adjust. You constantly see prices being cut and incentives being added so that one retailer can become “the one” who captures the most purchases. Retailers have had to adapt due to the competitive nature.

Professional sales have become just as competitive, if not more competitive than the retail space. 15-20 years ago, most of B2B sales were happening in America and mostly at the local level.  That’s not true anymore. Not only are we competing nationwide for business, but it’s a legit global playing field out there.

How do you handle this? Assess the situation and adapt to your customers’ needs. Change your approach on the spot if you need to.  The sales process is longer, yes, but the longer and longer you let a prospect stretch, the more additional options they might be considering.  The competition is everywhere.

So what are the major sales lessons we can take away from this?

Tip 1: Know what you are doing online and how it fits in the sales cycle.  Are you conducting the whole transaction or just prospecting?

Tip 2: Take the temperature of the buyer.  Provide information they need and don’t push information they already have.

Tip 3: Always adjust for sales cycle times.

Tip 4: Play to win!

You Have to Move People, Not Your Product or Service

Increase Sales Performance Metrics by Appealing to What the Buyer Wants

Do you turn your selling game on and off like a light switch? Or do you use it outside the office, too? Guess what? You’re not alone. We all sell. Every one of us. Sometimes it’s our product or service. Sometimes it’s ourselves.

Let me ask you this: Have you ever taken a friend out to dinner before you asked for a favor? Do you compliment an acquaintance you hope to do business with? Ever comment on an influencer’s social media post hoping they might notice you? Ever name-dropped to get an edge? How about flashing a big smile to someone you’d like to know better? That’s selling.

Let’s say you’re at the airport and the flight isn’t full. You want an upgrade to first class. Do you have any bargaining power? Actually, you do. In today’s business world, customer satisfaction is king. Most businesses realize that an unhappy customer will eventually lead to an unhappy review. Which is read by everyone in the universe. And current research says that negative reviews can stop an average of 40 percent of buyers from wanting to do business with the offending company.

So in a sense, when you try to get that upgrade to first class, you’re technically selling. “This is my favorite airline for travel. Because the flight isn’t quite full this time, would I be able to get bumped up to first class? I’d be happy to leave a really positive review or take a survey.” Boom. How many gate agents are going to turn that down? If it’s not a fully booked flight, not many. Plus, you are appealing to that social condition we’re all subject to: helping one another. You get your upgrade while the gate agent gets their review and feels good about themselves.

Remember, whether it’s for your product, your service, or yourself, selling is about moving people.

You’ll find more ways to determine what your buyers want and becoming a better negotiator in Selling is an Away Game, available online at Amazon today.

Take Your Time To Buy Time

Set a Slow and Steady Cadence to Increase Sales Performance Metrics

Anyone who knows me well, knows that one of my guilty pleasures in life is buying watches. For me, a watch signifies so many things—time, commitment, longevity, patience, perseverance. Time is what we struggle to keep with those we love, and is what we struggle to win with those we hope to connect with or do business with. And time is at the heart of selling—we’re asking someone to give it away, banking on the fact there’s going to be a mutual ROI.

Kate understands this concept of time very well. When buying watches, she’s the salesperson I typically do business with. In late February of 2020, she sent me a nice note: “I’m still looking for that Omega watch you were interested in.” Three weeks later, COVID-19 broke out in the US and everything went into lockdown. I had barely made a dent in my stockpile of toilet paper and hand sanitizer when Kate reached out again via text: “Hey Lance, I know this text message is probably not appropriate, however, I did find that Omega watch. I know you’re not going to buy it now, but when things change—and I know they will—I do have it for you. I hope all is well and your family is safe and healthy.”

Was Kate selling during an extremely sensitive, difficult time? Absolutely. Was it appropriate? Some of you reading this might not think so. But between knowing what she knew of me, and more importantly the tone she used, I would say that was probably the right strategy. She was planting seeds for the future. She got into my head and anticipated the things I might be thinking. Too many times I watch salespeople try to sell with only one gear—maximum overdrive. They just don’t have the tactical empathy required in this business.

Selling is about taking your time to buy time. After all, who won the race—the tortoise or the hare?

Discover additional ways to energize your sales cadence in Lance Tyson’s latest book, Selling is an Away Game, available online at Amazon right now.

Don’t Let Your Ask Get Rejected

High-Performance Sales Teams Make the First 7 Seconds Count

In the early 1990s, I remember being so excited when pay-per-view had on a Mike Tyson boxing match. It didn’t matter who it was, Iron Mike’s opponent was going to get their ass kicked, usually in the first round. The hype and excitement lasted for weeks, then it was over before it began.

When you think about it, every single sale starts like a Mike Tyson boxing match. What you do in the first 7 seconds determines whether you can last the next minute, or the next round. We only have 7 seconds to get favorable attention from our prospect—and 7 seconds goes a lot quicker than you’d think. By the time we’ve led with our name, company, and “how are you?”, 7 seconds is long gone. And we haven’t really created any value or differentiated ourselves.

If we lead with our own name and company, we likely haven’t caught someone’s attention as effectively as we could by catching them off guard by:

  1. Asking a question to verify their name
  2. Educating them on something that would be important to them, not us
  3. Using some of the information we have about them to get them to open up
  4. Appealing to their humanity by asking for help

High-performing sales teams know that prospects are deciding in a nano-second if we’re worth their time, so 7 seconds is all we have to get lucky. So why not, for example, lead off with the sweetest sound in any language: someone’s name. Think about it. Using someone’s name is at the root of connecting with them. They feel known, respected, identified.

The goal is to just keep making it to the next round. But if you can’t get through those first 7 seconds, you’re going to get your ask kicked.

Want more ideas on how to build sales starters that get your prospect’s attention in 7 seconds ore less? Be sure to grab your copy of Selling is an Away Game, online at Amazon now.

Know Your Why

High-Performing Sales Teams Always Know Their Prospects’ Needs

I’ve done all types of real-time phone coaching with a variety of inside sales teams. Getting the gatekeeper to put a decision maker on the line is easy. Listening to the decision maker chew you out for a useless interruption with no value is a lot harder.

In my training sessions, on social media, and in consultations, I’ve had sales reps ask questions like, “How do I get past the gatekeeper? How do I get the president of the company on the phone?” Instead of asking these common questions, asking the following two questions will have a bigger impact on your perspective and your call results:

  1. Why am I calling this person?
  2. Am I flexible enough to see the world from the prospect’s perspective?

The tactics and strategies that we review in our training programs and coaching sessions are extremely effective. However, nothing can compensate for the lack of a legitimate reason for the call in the first place. When you are calling your customers and prospects, always know why you are calling. See the world from the prospect’s perspec­tive. And if you catch them in a meeting, they probably picked up the phone expecting the worst. Apologize for the intrusion, resched­ule, and leave them something to smile about before sending them back to their meeting.

Remember, selling is an away game. It takes place in the mind of the prospect. Always leave your prospect or customer with something of value, and you’ll be advantageously positioned for your next encounter with them.

Want more ways to find your prospects’ needs?  Get your copy of Selling is an Away Game, available online at Amazon.

10 Ideas You Need To Streamline Your Next Sales Meeting

In a previous post, we reviewed some guidelines for conducting an effective meeting. Now, when you consider that most executives spend an average of 23 hours a week in meetings, you want these events to be as efficient as possible. You want to get the most out of your meeting while expending a minimum of resources.

Also, consider the cost of holding a meeting. In order to conduct your meeting, you need a room with presentation resources. So you have the cost of the room and the cost of your time to set it all up and break it down.

But most importantly, you need the people to attend. And each one of those people has a cost associated with them, not just in terms of an hourly salary expenditure, but also in opportunity cost. Remember, every minute they’re in your meeting is a minute they aren’t doing something else for the company.

So, every meeting you conduct should have an achievable and well-stated outcome. And your meeting should be streamlined to reach that outcome as quickly as possible while using a few resources as possible. This is probably one of the reasons sales reps have a bad reputation. Your customers don’t want to waste their time and resources in a sales meeting listening to a sales rep talk about something they aren’t interested in or have no need for.

If you want to be known as a no-nonsense person who gets things done, add these elements to control your meetings, especially your sales meeting:

10 Ideas To Get More Out Of Your Sales Meetings

Time Management, Part 1

Start on time, regardless of the number of absent members. If you need to add some encouragement, lock the door to the room requiring late arrivals to request admittance, or charge a late fee.

Time Management, Part 2

End on time. Avoid frustrating surprises like the additional topics that add 10 to 15 minutes to the meeting. Not only will you keep your attendees aligned with their schedule, you will earn credibility points with them. They will respect you and have no problem attending your meetings in the future.

Invite Your Attendees Via Email.

Send out invitations to participants. Give attendees ample time to work it into their schedule. Nothing irks participants more than having to rearrange or cancel their previously scheduled events to accommodate an emergency meeting with 12 hours notice.

Control Your Sales Meeting with an Agenda.

Give yourself ample time to prepare the meeting. This means creating an informative agenda to keep the meeting focused. Send your agenda out at least 48 hours in advance to all attendees and get their buy-in. When you create your agenda, include the discussion topics, start time and end times, the date, invited attendees, list of pertinent docs, recap from the last meeting, and action items that the group needs to review. We talk extensively about the agenda when we talk about setting up a client sales meeting.

Always Know Your Outcome.

If you are facilitating the meeting, know the desired outcome you want the group to achieve at the end of the allotted time. It helps when you create the agenda and it helps get you back on track when off-topic discussions crop up. Remember, you have a hard start time and a hard stop time. Work between those two defining moments to achieve the outcome stated at the top of your agenda.

Keep Your Meeting Moving

One of the jobs of the facilitator is to guide the meeting in the right direction. Have questions ready to guide your attendees towards addressing the issues at hand and keep the meeting moving at a brisk pace. If the discussion starts to drag, you will need to have a way to get it back on pace.

Set Up The Next Meeting

Always establish the time, date, and place for the next meeting before you adjourn your current meeting. Part of the agenda for the next meeting will be the action items from your current meeting. Make sure you provide enough time for attendees to accomplish their action items along with other projects that they are completing.

Own The Meeting Backchannel.

At one time, we required everyone to turn off their cell phones to ensure that the speaker had everyone’s full attention. Today, if a meeting member has their smartphone out, they could be taking notes or accessing documentation. They could even be conferencing in other members of the team. Before blindly implementing the “no cell phone” rule, ask how you can use the backchannel to extend your reach and make additional resources available to the group.

The next two points are used primarily for sales management. But remember, with some creativity and flexibility, you can also use these points when conducting a sales meeting with a client:

Setup Your Meeting Room

Control your environment to support your meeting. If you’re meeting with a few people for a 10-minute update, use a stand-up meeting. It takes little time to set up and break down. For longer meetings, fit the environment to your meeting length. You don’t want your attendees fidgeting in a 30-minute chair for a 90-minute meeting. You want them focused on your agenda topics, not on their discomfort.

Now, in your sales meeting with a prospect, you can’t control over every aspect of the room. But you can exert some control over where your prospect sits. When you’re sitting across the table from your prospect, you’ve drawn the battle line and you are setting yourself up for a confrontation. However, sitting on the same side of the table while reviewing a proposal positions you as a helpful consultant. If you are performing a sales presentation in front of a group, place your decision makers close to you and leverage association by proximity. Place your champions out in the group to disperse potential hostile attitudes. Realize that there is always something you can do with the environment to assist your sales efforts. Use them all to your advantage.

Select the Meeting Time Strategically.

Leverage human nature to ensure your meeting stays on track and on time. If possible, schedule a one-hour meeting at 11:00 AM or at 4:00 PM. This will ensure everyone stays focused and on topic to meet the ending time. Also, if you do hold meetings during the lunch hour, for example, the lunch-and-learn product demo, use the first 15 minutes to allow people to network get their food out of the way before getting into the meat of your demonstration.

Meetings don’t have to be the bane of corporate America and your next sales meeting doesn’t have to be an event of disdain. Use these ideas to manage your meeting and earn the respect of your team members, managers, clients, and prospect. Be the hero.

Never Tell a Prospect Their Kid is Ugly

Drive Sales Effectiveness By Making Your Idea Their Idea

Have you ever been at a nice restaurant with people you wanted to impress, so you order a fine Napa Cabernet only to have the sommelier suggest an alternative bottle? There’s that moment of sheer panic when they select something way out of your price range, though it’s too awkward to address at the moment. A good salesperson would have read the situation and brought out a comparable bottle. A bad salesperson might take the opportunity to stick you with a $400 Merlot that has been sitting in the cellar for twenty years.

High performing sales teams know they are identifying that gap between where someone is and where they need to be. This essentially implies a problem exists, a change needs to happen, or a commitment of some kind is required. But diagnosing what a prospect’s need might be is a delicate business. Essentially, we need to tell our prospect in a nice way that their kid is ugly. We have to be careful when stating our diagnosis, because we don’t want to make somebody feel the pain or implication of not being able to do something. Manipulating and guilting someone into a buy is just a sucky way to do business. Period.

The key to good diagnosing is leading the buyer to the gap, and ultimately, if you asked the right questions, you can actually make your idea their idea. It’s a lot harder for someone to walk away from their own idea than it is from yours.

For more ideas on how to ask questions to increase persuasion, get your copy of Selling is an Away Game, available online at Amazon.