We have just undertaken our third Mood of the Sales Leader survey, which captures insights from NZ sales leaders around performance, challenges and expectations for the year ahead. Along with the expected findings, surveys always throw up surprises, and this year was no different.
What was the biggest challenge faced by NZ sales leaders in 2019? According to our latest Mood of the Sales Leader report, it was competition. What is the biggest risk to sales performance in 2020? Once again, the survey showed it is competition. View the full report
I met someone a few years ago who told me his business was so successful that he couldn’t imagine it being any better. I didn’t believe him but told him if that was the case then he should sell it.
I have certainly never seen perfection, and I might struggle to say that I have seen the excellence that companies are apparently all looking to achieve.
One of the benefits of doing what we do is that we get to have a look under the hoods of many different companies to see who is doing well in the world of sales, and who isn’t doing particularly well.
The MD of a company recently approached us and was frustrated with his sales team’s performance. He believed when he started the business he had more sales success than his team, even though he only spent 10 percent of his time on selling. He couldn’t understand why his team wasn’t performing better.
Another recent conversation was with the CEO of another business who was frustrated at the quality of the clients the sales team were introducing. Ostensibly there didn’t appear to be major issues as the business was growing nicely, but it was on the back of industry growth rather than quality sales work. Simple analysis showed the sales team spent a huge amount of their time visiting clients who were small and purchased tiny amounts, and had very little room for growth. Every time the salesperson visited these clients it was costing the company money.
There was recently a story in the media about an advertising man who took a clown into his redundancy meeting. While the meeting took place, the clown made balloon animals and when he was delivered his redundancy papers the clown pretended to cry.
There was also the story of the well-known NZ businessman (you will figure it out) who apparently walked into a meeting with heavy-hitting investors and dropped hundreds of bouncing balls onto the board room table. He then delivered his message to say this is how many rockets they are going to launch into space in the next few years.
We recently heard a story of the history of a 3rd generation NZ family business. It was a story many in this company and none of their clients had heard but talked about how the business began, and the twists and turns experienced on the way to creating what it is today.
The Sales Syndicate community was recently treated to a workshop by corporate anthropologist, Michael Henderson.
Michael has a passion for unlocking the true potential of people and organisations. With more than 25 years’ experience working locally and internationally and as the author of 8 books on the subject, Michael knows a thing or two about culture.
Michael shared with us many significant and confronting messages. Most of us have heard the now famous Peter Drucker quote, ‘Culture eats strategy for breakfast’. But Michael is insistent that in his experience having the right culture is 8 times more important than strategy; particularly so with Sales Teams.
That raises a very good question. If culture is that important, then why don’t we as sales Leaders spend more time developing culture? Is it because we just don’t recognise the value of how important culture is or is it because we don’t know how to go about it?
We were fortunate recently to have Dean Mannix with us at Sales Syndicate who challenged us to think about ‘McDonald-ising’ our sales team.
From generation to generation McDonald’s keeps outperforming the competitors by running consistent processes that means a Big Mac is the same in Auckland as it is in Cairo, they ask us if we want fries with that in 119 countries and over 34,000 stores.
They have built a sales machine that has enabled them to scale.
Is your company a sales machine? Do you have a set of systems and processes that allow your company to be better than your competitors and to create scalable and repeatable sales? Or, are you leaving your success to chance?
The most successful B2B sales people all focus on 3 key areas:
Incorporating these 3 disciplines into your daily, weekly and monthly activity will immediately separate you from the 50% plus of sales people who reportedly do not hit their targets. We see it time and again at our Sales Academy Programme that once sales people start focusing on these 3 key areas they start to unlock their real potential.
Indicator has gained some valuable sales industry insights over the past three years, having worked with over 250 sales leaders, collectively responsible for over $8 billion in revenue.
To support our anecdotal findings, we surveyed 138 sales leaders during the 2017/2018 year to compile trends for the latest Mood of the Sales Leader survey.
Now, at the mid point of 2018, here are our five main reflections:
Who is it for?
Sales Training course for up to intermediate B2B sales people.
To increase the capability of B2B sales people enabling them to increase skills, their focused activity and conversion rates. A gap of one month between each session will provide participants with the opportunity to trial new learnings and report back to the group.
Managers will be made aware of the content to be covered on each session so that they can support participants to implement new learnings.
Hardie Fasteners was founded in 1997 by Joseph Hardie and supplies the marine, manufacturing, engineering and construction industry with quality fasteners.