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Predict Your Way to Success

Saturday, August 21st, 2010

Too often sales people guess what it takes to succeed.  In most companies, someone has tried to take the guess work out of success by assigning sales activity goals.  The theory behind sales activity goals is that the powers that set these goals are saying that “if you do these activities, then you will be successful“.  I am suggesting that salespeople take this a step further and learn to predict their own success. 

This summer, I’ve had the opportunity to work on a recruiting project for a sales leader I’ve known and respected for many years.  In the beginning, we were using educated guessing to understand what it would take to be successful.  After one or two hiring experiences, we were able to extract some data and begin to predict our own success.  By backing into our success ratio, I know to the exact numexactly how much recruiting activity I need to execute to get the outcome we desire.

Taking the guesswork out of your success is a powerful tool in long-term success.  You can plan for vacations, slower periods – or that new car.  So, before the next selling season begins, do the math and predict your success.  If you don’t like what you see, you’ll have the information to change your future, also.

Join Meeting to Win before Friday and get a sales team meeting agenda on using your lagging indicators (sales activity) to impact your leading indicators (revenue) or, in the spirit of this article, predict your own success.  With Meeting to Win, sales managers get a new sales meeting agenda delivered to their inbox every Friday morning.  Stop dreading Monday mornings and join Meeting to Win.

The Secrets of the Bottom 80%

Wednesday, July 28th, 2010

The pre-work for this week’s Meeting to Win sales team meeting agenda includes two articles by S. Anthony Iannarino of The Sales Blog.

Mr. Iannarino writes an insightful blog and was kind enough to let us use his insights into the bottom 80% of sales performers.  Read the articles, add to the list and decide where you want to rank. 

To get a sales team meeting agenda that leads your team through this valuable exercise, subscribe before Friday!  The agenda goes out at 6am ET.  Hope you can join us in the TOP 20%.

Summer Momentum Project

Sunday, July 11th, 2010

We here in the northern hemisphere are experiencing the dog days of summer.  If you haven’t taken a vacation yet this summer, shame on you.  Immediately stop reading this and find a beach house - minimum stay 7 nights.  If you are back from vacation, then continue reading.  It really doesn’t take a lot of extra effort to gain the competitive edge.  It simply takes a few strategic moves to create momentum that will reward you when others are just getting back in the game.  Now, mid-July, is the time to take action.  You have a good 6-8 weeks to get a headstart that you will not regret.

Check out the Meeting to Win ideas for heading into the next selling season with a head of steam:

Click on this link to get a list of ideas:  Getting a Headstart

Sales Team Meeting Idea:

  • Ask everyone to read this blog post before your next sales meeting.
  • Ask everyone to come with their own ideas to add to the list.  During the meeting, create a comprehensive list of ideas.
  • During the meeting, ask each person to commit to 1 or more activities that will make the biggest difference in their momentum.
  • Ask someone to “own” the Summer Momentum Project (leadership opportunity).  It will be their job to monitor and report on the team’s progress until the end of August. 
  • Then, once a month,  Sept – Dec, ask the team to share the results of the SMP.  I guarantee you will have RESULTS!

To get sales team meeting agendas that lead your team through exercises to gain momentum, close more pipeline opportunities and stay motivated during the dog – and any other – days, subscribe to Meeting to Win weekly sales team meeting agendas. 

Look forward to Monday mornings!

Masters of Communication

Thursday, July 8th, 2010

When I had the privilege to represent Franklin Covey’s Helping Clients Succeed sales training program in the marketplace, I realized something life-changing.  The Consultants who shared the content always shared the fact that sales professionals needed to be effective communicators and, so much of any sales training program, is teaching them to be just that.  A salesperson must first elicit information and then, using that information, make a compelling case for their products or services.  Up until that point I had thought of myself as a salesperson, not a communicator.  A powerful clarification on my real job. 

I answered the phone call of a salesperson this week.  The timing was perfect since this Friday’s Meeting to Win agenda is Masters of Communication.  This call demonstrates exactly why sales professionals need to focus on their communication skills daily.  First of all, this salesperson was clearly surprised to catch me “live” at 6:30pm.  From the sound of it, he fully expected to get voicemail and probably had a good plan for that outcome.  Then, because I am nice to salespeople, I said that I had about 2 minutes when I was asked if I had some time to talk.  I had something on the stove and 2 minutes was even pushing it.  Again, I caught this salesperson by surprise by giving him any time at all.  Then, for the next two minutes this salesperson shared information about their service and used the phrase “in essence” about 10 times.  (Let me say that many of my early sales calls could have been examples in blog posts just like this one!)  The problem is that I don’t remember the service or the benefits because I was distracted by the fact that he seemed caught off guard and used this filler phrase over and over.  I felt like it was merciful to end the call nicely. 

There are some powerful communication lessons from this short call. 

  • First of all, be prepared for voicemail or live person. 
  • Have a clear reason to call that could be compelling to the person you are calling.
  • Have a goal for the call and share the goal with the person you’ve called. 
  • With a plan, the need and, therefore, use of filler words or phrases diminishes.
  • Eliminate jargon, cliches and lingo.
  • Record your calls and listen to them.
  • Role play every scenario you could encounter with team mates and help each other.
  • Practice your “elevator pitch” every chance you get.  Be able to nail this in any situation.

Becoming a master takes practice.  Look for and create opportunities to practice.  When that top prospect answers the phone finally, you want to be ready.

To get sales team meeting topics like Masters of Communication and many others, subscribe for weekly sales team meeting agendas from Meeting to Win.

Sales Team Meeting Idea:

Using the scenario I shared above, ask each salesperson to role play catching a prospective client “live” who says they only have 2 minutes to talk.  What do you say in those 2 minutes?  What is the goal of your 2 minute call?  Ask each person to do the role play and ask the team for feedback.  After this meeting, everyone will be prepared for one more scenario they may encounter.

10,000 Hours

Tuesday, June 22nd, 2010

I am finally reading Outliers: The Story of Success by Malcolm Gladwell.   I’ve only been carrying it around for 2 years and, yesterday, on a flight read the first half.  The concept of 10,000 hours is one of the many pages I’ve dog eared.  This is the concept with supporting examples that it takes 10,000 hours of practice to become an expert and a stand-out.  I’ve always been a believer that experience counts in sales.  Think about how much time you actually spend in front of a customer practicing your trade – 10 hours/week if you’re lucky?  How long would it take to gain 10,000 hours of practice?  19 years?  25 years? 

YIKES! 

So, if you want to be an expert, you have to find more practice time.  Here are some ideas:

  • First of all, use your weekly sales meeting as a one-hour practice session. – 1 hour/week (Who saw that coming?)
  • Role play your upcoming customer encounters with a team member or manager before the customer encounter. -  2 hours per week
  • Spend time pre-call planning – opening statements, questions, objection responses, etc – 2 hours per week
  • Take one sales training class per year. – 16 hours per year
  • Spend 2 more hours per week with customers than you do now.  – 2 hours per week
  • Regularly attend a customer meeting with a peer to observe them.  – 2 hours per month

So, adding all of this to your current 10 customer hours per week, you’ll be at 18 hours per week which would put you at expert status in half the time as your peers.  My math shows 10 years (which is how long it seems to take in any field – music, technology, sports). 

I love this concept because it means you have control over how you stack up against your peers in the marketplace.  Invest time in your trade and it pays off. 

Sales Team Meeting Idea

  • As a team, ask each person to calculate their own individual sales practice hours.  Just use number of years of experience, add in training hours and ask each team member to come up with their number.
  • Now, as a team, figure out how to get an additional 5-10 hours per week of sales practice. 
  • Commit to getting more practice and then track your performance against other sales teams in your own company.  What results do you expect?

Enjoy working on your 10,000 hours.

Get In Each Other’s Business This Summer

Monday, June 7th, 2010

Meeting to Win subscribers have just begun the Summer Deal Makers Series. (Join us by subscribing and get a new agenda every week.)  We thought we’d share the idea with our blog readers, also.  As we’ve mentioned about once a week leading up to the summer, we all know that it can be more difficult to move deals forward in the summer months.  Decision makers are on vacation and, therefore, sales process steps take longer to complete.  Before you know it, sales cycles have doubled and sales reps don’t have much more than a tan and some frustration to show for the summer. 

There is an alternative, though.  As a team, choose two deals per rep and get in each other’s business.  Each deal owner should share their summer strategy on those deals with the team. The team should provide input and ideas to keep the deal moving and, hopefully, closing during the summer.  Each week, each rep should share what was accomplished on those 2 deals the previous week, the planned accomplishments for the upcoming week and, again, get input from the team. This can be done in rapid-fire format.  Do it every week on the same deals.  Stay focused and close those deals this summer.

The benefits of this are increased summer momentum, accountability to keep things moving in the summer and laser focus on sales and customers.  The side benefits include increased morale, better team work and sales lessons galore. 

To get structured sales team meeting agendas on this topic and many others, join as a subscriber and get in on the Summer of Momentum from Meeting to Win. We don’t want you to miss a minute of the fun.  Join us or create your own fun.  Best wishes for a great summer!

13 Ideas to Run Engaging Meetings from Salesopedia Written by Nicki Weiss

Wednesday, May 26th, 2010

I always love to share great meeting advice I come across in my reading. Here is some sound advice from Salesopedia’s newsletter this week.

13 Ideas to Run Engaging Meetings

Enjoy!

Turning Price Inquiries into Value Conversations

Sunday, May 23rd, 2010

(This week’s Meeting to Win Sales Team Meeting Agenda is Price vs.Value.  How do you learn what your client VALUES when all they seem to care about is PRICE?  Join our Subscribers and get a 60-minute Sales Team Meeting Agenda that teaches your team to move past PRICE and onto VALUE.)

I’ve had and witnessed this sales experience countless times.  The most recent was yesterday as I witnessed a salesperson field an inquiry from a prospective customer who said “I’m calling to find out how much your _____ run.”  In this case it was real estate.  Well, for anyone who has ever rented an apartment, bought a house or rented an office, you know that there are about a million variables affecting the price of real estate.  And, now, the variable of the economy takes the logic out of any assumption a buyer may have entering into that conversation.  So, the challenge is answering this short, seemingly simple question in a way that will encourage more conversation instead of a “thanks, that’s all I needed”. “Click.” 

I’ve learned from experience as a customer and as a sales rep that not answering this question is just annoying and immediately puts the salesperson into the category of, well, a salesperson.  The question must be answered.  Next time you get a price inquiry, try something new… answer the question.  In most cases, you will need to do some qualification to determine what solution, service level, etc they will need to meet their needs.  Once you’ve gathered this information , it is great to start with “Thanks for sharing that information.  That will help me give you a more accurate price range that you could expect from us.” 

Then you could begin to intrigue them by introducing your solutions with, “It also sounds like, based on what you’ve shared, that we might be a good fit for you.  Based on this brief conversation, it seems you could expect to invest in the range of $ _____ to $ ______.”  

It is important to share this range unapologetically.  Don’t end your sentence with because we offer this and that, etc.  It sounds like you are apologizing for your price.  To keep the conversation going in a productive direction, you can ask something like,  “Is that within your expectations?

Depending on their answer which is often something like “I wasn’t really sure what to expect” or “That’s about what I’ve been hearing from others” you can proceed to the next step with them turning this price inquiry into a value conversation. The price issue is out of the way leaving room for much more productive conversations. 

To keep the conversation progressing toward value, a next move would be to suggest a next step.  “Based on what you’ve shared so far, it seems we might be a great fit for you.  To make sure you have the information you need on our solutions, I suggest we spend an hour together getting a little more detail on your needs and then I’ll be able to show you specifically how our solution might meet your needs.  We can also get more specific on price after that conversation and you’ll have the information you need to make the decision.”

Now, just get your calendars out and set the date for your meeting.

Sales Team Meeting Idea:

  • Before your next sales meeting, each rep should call a few service companies to ask about price for services they may need - pest control, lawn service, etc. 
  • Each team member should document their experiences and determine what answers made them feel respected, informed and even intrigued. 
  • Document which of these companies would they want to work with based on the way they handled the price inquiry.
  • During the sales team meeting, dicuss these experiences and determine how you can use these lessons in your own price inquiries.
  • For more indepth discussion, exercises and practice on topics like this and many others, join Meeting to Win by subscribing for your own weekly 60-minute sales team meeting exercises, discussion topics and practice activities. 

Sales Team Meeting Idea – Sales Performance Book Club

Saturday, May 1st, 2010

We at Meeting to Win are on a mission to end boring sales team meetings.  Boring sales team meetings put sales teams to sleep right at the beginning of the selling week when they should be at their very best.  The last thing salespeople should have to do is recover from their sales team meeting so they can be productive each Monday.  As part of our mission, we want to share a sales team meeting idea for Sales Managers who share our passion. 

Sales Team Meeting Idea – Sales Performance Book Clubs

As a team,

Choose a business or sales book from Amazon.com (choose your own or subscribe to Meeting to Win and follow along with our quarterly Sales Performance Book Club – includes Discussion Guide and Chapter Exercises).  Cover one or two new chapters each week during your weekly sales team meeting.  Assign the chapters to the members of the team.  Each week give them 20 minutes of the agenda to lead the team on that chapter’s topic. 

They can:

  • Lead a discussion on the information in the chapter.
  • Ask the team to apply the lessons to their own business.
  • Practice skills or ideas from the chapter.
  • Pull one or two key lessons from the chapter.
  • Set one action item based on the work done during this meeting.
  • Get creative – give them the chance to do whatever they want with the chapter.  You’ll see a new side of some team members.

Meeting to Win provides Sales Performance Book Club discussions each quarter as part of our Sales Meeting Agenda Subscription.  We cover one new book each quarter.  Next one, Mind of the Customer, starts in April 2010.  Join us by subscribing today.

Join the MISSION TO END BAD SALES TEAM MEETINGS by having motivating sales team meetings that inspire your team to perform.  Everyone wins!

Post brought to you by Jill Myrick, Owner of Meeting to WinMeeting to Win provides Sales Team Meeting Agendas PLUS for Sales Managers who want to lead great sales team meetings.

10 Ways for Sales Managers to Ruin Their Reputation and Lose Their Team’s Respect

Thursday, April 15th, 2010

Nice title, huh?   This article, although the title may suggest otherwise, is presented in a positive tone.  There are actually more than 10 common practices that Sales Managers use that do more to frustrate their teams.  Avoiding these practices takes planning and a strategic approach to sales management which is often lacking.  Across the board organizations spend way more teaching their salespeople process and strategy than they do for their sales managers.  Sales managers are really left to figure it out on their own.  So, after polling many salespeople and using my own experience as a salesperson and a sales manager (not that I ever did any of these things!), I thought I would share a list of 10 Ways for Sales Managers to Ruin their Reputations and Lose their Team’s Respect.

1.  Hold boring, unproductive or negative sales team meetings.  I own Meeting to Win - clearly I’m passionate about this one.  It’s a reputation killer!

2.  Keep introducting the ”flavors of the month”.  A Sales Manager gets an idea from a book, a colleague or divine inspiration.  They march in Monday morning with “we are going to start….”.  It usually comes with a new report, a task force or, at the very least, additional meetings.  It dies in a week with no acknowledgment.  It just quits coming up and salespeople learn to stop taking this stuff seriously.

3.  Don’t protect selling time.  Sales Managers who blindly ablige senior management emergency reports and other fire drills without ever putting up resistance in the protection of selling time are not helping their salespeople succeed.  Salespeople begin to see them as the enemy working against their progress.

4.  Hire bad team members.  The team knows it and it affects the team’s performance and culture immediately.

5.  Don’t address disruptive or underperforming reps in a timely manner.  The team is watching how the managers address or put up with these things.  Managers who address these things early and positively create a culture of performance.  The opposite does, well, the opposite.

6.  Don’t stand up for the team members.  Sales Managers are a bit like parents.  Discipline in private, praise in public. Salespeople need an ally, it should be their Sales Manager.

7.  Take the credit for the team’s successes.  Sales Managers who have successful teams do get the credit, they don’t need to give it to themselves.

8.  Pass the blame for the team’s failures.  This is an ugly one.  Again, Sales Managers are getting the blame even if they try to pass it elsewhere.  They just need to own it and fix it.

9.  Forget what it’s like to be on the front lines.  Sales Managers too often lose the feel for the field.  They get too busy to get in the field, too.  Sales Managers need to spend 3 days a week in the field with their reps and not lose the feel.

10.  Mess up on a customer meeting.  Sales Managers should enhance a customer meeting, not ruin hard work.  Enough said.

BONUS:  A rep just shared this great one with me!  Schedule one-on-ones or meetings and then continually cancel and postpone them.  The team members are planning around and preparing for these and emailing them to postpone the meeting for an hour or even 10 minutes is disrespectful and rude. 

If you are guilty of any of these, now is the time to address it.  Your reputation depends on it.