Showing posts with label Management. Show all posts
Showing posts with label Management. Show all posts

Tuesday, 7 April 2009

Prosperity without Growth

This is a very relevant discussion in current times and for the future. Professor Tim Jackson, Economics Commissioner at Sustainable Development Commission provides some deep reflective insights on how to achieve a sustainable economy. I hope you enjoy reading it. You may need to fix a drink, kick off your slippers, put on your thinking caps and settle down with your laptop or computer to read it.

Click here to visit the website and download the report.. http://www.sd-commission.org.uk/publications.php?id=914





Wednesday, 18 March 2009

Objection Handling in Sales

There are typically 8 objections that come up during a sales scenario. I am going to tell you about a technique which is the mother of all objection handling methods. It is a 4-step process summarized below as:

1. Listen
2. Question
3. Handle
4. Confirm

A useful memory peg to help remember it is to think of hearing door bell ring. You ask "Who's there?". When you hear "Its me, Jim", you reach out for the door handle and open the door. You then confirm visually that it is indeed Jim.

As any good sales person will tell you, being a good listener is the most important trait that you can bring to the sales process. Listening to the customer voice his concerns and objections is crucial for you to pose your questions in a manner that demonstrate real concern for his problems. Asking the right questions to get to the root of the issues will help you get a better understanding.

If now you say "If I made sure that your concerns regarding price, quality, delivery, etc. are addressed, will you be in a position to take this further?", what you have done is actually handled his concerns while also asking for a confirmation that there is something to go on.

Listening, Empathizing, Asking and Proposing (LEAP) - another way to look at the above process. I would love to hear your comments and feedback on this.

Wednesday, 4 March 2009

Success as a Sales Manager - By Matt Krumrie | Monster Contributing Writer

Why is moving from a job in sales to sales management so difficult? Why do some salespeople excel at selling but fail at managing sales staff? While the principles within the field are the same, the overall skills you need to succeed are very different, says Tony Alessandra, a professional speaker who wrote several books on sales management.

Alessandra explains that the organization’s top salespeople used to move up a company’s ranks by being promoted to sales manager. But that’s a bad move, he says.

“When someone is a top-notch salesperson, they typically are able to work well on their own; they’re a go-getter who can succeed independently, without direction from others,” says Alessandra. “A good sales manager is a good coach, someone who can motivate people to sell, someone who listens and puts their needs secondary to the needs of the sales staff.”

Sales Manager Skills

Good sales managers also need to work well with people, says Darin Andersen, president of Coronado, California-based Biz Dev Direct, a management-consultant firm that works with executives to build sales teams.

“The sales manager has to be able to deal with individual personalities, egos and skill levels,” he says. “They have to do this in a high-pressure environment, because the success of the sales staff is often placed on their shoulders.”

Good salespeople come from all walks of life. Some have bachelor’s or master’s degrees; others come from the school of hard knocks. Regardless of educational background, sales managers require an additional skill set to succeed. Alessandra says good sales managers must:

• Be a better listener than talker.
• Be a coach first, salesperson second. That includes creating performance appraisals/reviews that can lead to future success and generating ideas on how to better sell the product or work with certain clients.
• Have superior people, conflict-resolution and analysis skills.
• Know the individual strengths and weaknesses of every salesperson.

“Don’t be afraid to switch accounts,” advises Alessandra. “Different strategies and tactics work for different customers. Know how to match your people with your customers.”

Alessandra also says a good sales manager will sell his product in the field, for a few days or a week once a quarter, for example, to better understand what the sales staff encounters. The worst mistake a sales manager can make is coming in late on an account to close the deal, he adds.

“If they get the account or deal, then they’ve shattered the confidence of the salesperson and the confidence of the client,” Alessandra says. “If they don’t, then their reputation is hurt, and the salesperson may lose confidence in them as a mentor or leader.”

Success as a Sales Manager

Contrary to popular belief, a good sales manager doesn’t have to be an overbearing, hard-driving stickler demanding each salesperson be on the phone selling, cold calling and prospecting. “Some of the most successful sales managers are those that remember the human side of things,” says Andersen.

Salaries for sales managers vary. Oftentimes, the top members of the sales staff will have higher salaries than the sales manager. This is why many salespeople stay in sales rather than moving into management, where income is sometimes a result of the success of the sales staff they lead, with bonuses and commissions mixed in.

Successful sales managers also need to understand and know their product. If they continually come up with new leads and ideas, they will keep their staff motivated and excited, especially where rejection can be part of the job, says Andersen.

As for running ever-popular company sales contests, those are a no-win situation, says Alessandra. While these events do create competition and force people to push themselves, it’s not fair to make salespeople on different levels of skill and success compete.

Instead, create goals for each individual, and work with them to achieve those goals. “But keep them realistic,” cautions Alessandra. “Stretch them, but don’t break them. By pushing the bar higher and higher, you sometimes make things unrealistic, and frustration sets in.”

It all comes back to people, says Andersen. “Understand your product, understand your people, and continue to coach and teach,” he says. “Then you will have the numbers you are striving for.”


- Matt Krumrie