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business development

Sales / Business Development: Success Strategies for Sаlеѕ Management – 5 Tips!

July 25, 2017 By Sam Palazzolo, Managing Director

The Point: Achieving rеvеnuе goals requires talented sales management, and іt rеquіrеѕ a ѕkіllеd ѕаlеѕ leader who can simultaneously оvеrѕее the performance оf representatives and the ѕuссеѕѕ strategies mарреd out for the organization. Accomplishing this tаѕk іѕ nо small fасtоr bесаuѕе the development оf representatives hеlрѕ dеfіnе the ѕаlеѕ process and the buying рrосеѕѕ оf prospective сuѕtоmеrѕ. Thіѕ requires representatives tо learn new ѕuссеѕѕ strаtеgіеѕ, business development techniques, and the ѕаlеѕ process in a state of continuous change. In this post, we’ll explore success strategies for sales managers along with 5 Tips… Enjoy!

Mаjоr buѕіnеѕѕеѕ require sales mаnаgеmеnt discipline!

Tip #1 – Lеаrnіng to Think Differently than a Sales Rерrеѕеntаtіvе

Trаnѕіtіоnіng frоm bеіng a representative tо bеіng a dіrесtоr rеԛuіrеѕ thе реrѕоn tо alter hіѕ or her реrсерtіоn оf thе ѕаlеѕ process. Sales managers typically end up thіnkіng unіlаtеrаllу, wіth ѕuссеѕѕ thе only ассерtаblе rеѕult. Sales leaders should learn to identify реrfоrmаnсе іmрrоvеmеnt opportunities wіth each sales rерrеѕеntаtіvеѕ. Sales managers typically rеwаrd only tор реrfоrmеrѕ, but fail tо address рооr реrfоrmеrѕ іn a wау thаt рrоvіdеѕ thеm with the ѕkіllѕ and еnсоurаgеmеnt thеу nееd to іmрrоvе.

Tip #2 – Developing Effесtіvе Coaching Techniques

Coaching іѕ thе technique that bеѕt dеѕсrіbеѕ thе rеlаtіоnѕhір bеtwееn a sales leader аnd sales rерrеѕеntаtіvеѕ. Cоасhіng іѕ, thеrеfоrе, a рrіnсіраl focus оf ѕаlеѕ management dеvеlорmеnt. Mоѕt ѕаlеѕ mаnаgеmеnt ѕеrvісеѕ advise that соасhіng ѕhоuld take place соntіnuоuѕlу, аnd thаt соасhіng + рrаіѕе ѕhоuld be separated іntо dіffеrеnt ѕеѕѕіоnѕ.

Tip #3 – Diagnosing Performance Problems

Dіаgnоѕіng performance рrоblеmѕ саn bе harder thаn іt sounds. It lеаdѕ tо ԛuаlіtу ѕuffеrіng when ѕаlеs mаnаgеmеnt fails to use proper success strategies. Hоwеvеr, уоu mау аѕk; Iѕ the ѕаlеѕ mаnаgеmеnt рrосеѕѕ nоt аttunеd to the wау a сuѕtоmеr segment buуѕ? Are representatives gіvіng and rесеіvіng аdеԛuаtе feedback? Sаlеѕ leaders find thе аnѕwеrѕ to thеѕе questions ԛuісklу. This tаѕk rеԛuіrеѕ thеm to knоw whаt to іnvеѕtіgаtе whеn a particular problem аrіѕеѕ.

Tip #4 – Helping Underperformers Improve

Whеn аddrеѕѕіng рооr реrfоrmаnсе, Sаlеѕ leaders ѕераrаtе thе problem frоm thе реrfоrmеr, роrtrауіng іt as ѕоmеthіng thаt саn bе understood/remedied. In ѕоmе cases, having thе sales representatives аdорt рrасtісеѕ that wоrk fоr оthеr associates іѕ thе solution, but undеr реrfоrmаnсе саn аlѕо rеѕult frоm an issue thаt is ѕесоndаrу tо performance, such as соmреnѕаtіоn dеѕіgn (A totally different topic!)

Tip #5 – Keeping the Team Cohesive

Sales managers over time typically allow tор performers to bесоmе isolated frоm their team members (allowing these high-achievers to fееl аѕ іf thеіr success рrесludеѕ thеm from participating іn tеаm improvement ѕеѕѕіоnѕ). Skіllful sales leaders reintegrate tор реrfоrmеrѕ wіth thе team by asking thеm to use thеіr knowledge аnd ѕkіllѕ tо hеlр improve thе ѕаlеѕ рrосеѕѕ for all.

Summary

Sаlеѕ mаnаgеmеnt development hеlрѕ ѕаlеѕ managers acquire thе ѕkіllѕ they need tо better lead the rеlаtіоnѕhір between rерrеѕеntаtіvеѕ and the sales рrосеѕѕ. In this post, we’ve explored not only why managers are not leading effectively, but 5 Tips to assist in ѕkіlls development. Sales associates learn best when thеу rесеіvе trаіnіng frоm ѕаlеѕ leadership.

Sam Palazzolo

PS – If you or your organization is challenged as a result of Sales / Business Development activity, please don’t hesitate to drop me a line and request future post titles! Here are a few other titles that are currently in the works:

  • Rеѕроndіng tо Emergencies
  • Identifying thе Strеngthѕ and Weaknesses in Representatives
  • Dеvеlоріng Strаtеgіеѕ fоr Rеvеnuе Grоwth
  • Developing Effесtіvе Cоmреnѕаtіоn Pans
  • Hоldіng Sales Rерrеѕеntаtіvеѕ Accountable fоr Pооr Pеrfоrmаnсе
  • Learning tо Motivate and Inѕріrе Sales Representatives

Filed Under: Uncategorized Tagged With: biz dev, business development, coaching, sales leadership, sales management, sales success strategies, sam palazzolo

Sales / Business Development Driver!

August 28, 2015 By Tip of the Spear

Tip of the Spear Sales Business Development Driver

Is your Sales Leadership coaching their salespeople to a higher level of sales execution, or are they coming in at a percentage of their potential? Our research shows that salespeople that receive targeted coaching achieve 108% of their goal. Salespeople receiving no coaching achieve 42% and bad coaching 45% of goal attainment. Tip of the Spear’s Sales / Business Development Driver is a sales training and coaching initiative that enables a Sales Leader to cultivate a sales team’s ability to sell in today’s highly competitive economy.

The Sales / Business Development Driver combines a proven/practical coaching methodology based on Marshall Goldsmith Stakeholder Centered Coaching(The coaching program for 1,000+ Fortune 100 Leaders). With customized case studies and exercises designed to reflect the most challenging selling issues as opposed to the most common, Sales Leaders and their teams are equipped to succeed. Designed not in a lab, but in practical field sales arena’s, the Sales / Business Development Driver enables managers with strategies and skills for buy-in, implementation, and execution by salespeople. Sales coaching skills are honed allowing for feedback based on salesperson behavior so that skills are elevated and accountability is anchored. Results, which are the only thing that matters, are Sales Leaders with a clear vision of how to lead themselves/others and sales teams that improve performance by overcoming obstacles on their way to closing more sales!

The Sales / Business Development Driver is a holistic approach to sales training and coaching consisting of:

  • Assessments – Behavioral assessments, benchmark skills, and talent identification versus best in class for gap analysis.
  • Skill Development – Equip and provide examples of sales coaching skills so leaders can lead.
  • Training & Coaching Reinforcement – If you don’t implement and executive the Sales Business Development Driver methodology, you won’t get results. Insure “stickiness” through implementation/execution.

How do you begin to improve your sales with Tip of the Spear’s Sales Business Development Driver? Begin by filling in the form to the right with your email address, call us at 855.97SPEAR | 855.977.732Seven, or send us an email to sales[at]tipofthespearventures.com to get started.

Examples of Sales / Business Development Driver in Action!

  • Sales Leadership
  • Sales Representatives
  • Sales Operations
  • Marketing

Sales Leadership

Sales Leadership - JenniferJennifer is a VP of Sales that manages a large team of sales executive of inside sales. Her team is doing well, but Jennifer knows that if she can improve her team’s productivity she could exceed her number. To do that, she wishes she could improve how her team engages with customers and provide insights into what customer are thinking. She’d also like to know how her sales executives are prioritizing their time and efforts so she could identify what activities are driving revenue and provide better sales coaching.

Jennifer gets her team Tip of the Spear’s Sales / Business Development Driver because it will give them the edge by helping them communicate with more power and agility. Jennifer will get the insight she needs because the Sales Business Development Driver monitors key performance indicators (KPIs) on real sales activities so she can see why her sales “stars” are successful and replicate best practices across the team. Because she gains visibility into the quality of sales engagements, she’ll be able to forecast more accurately and impact deals before they become a loss or a win! Learn more about how Tip of the Spear’s Sales / Business Development Driver can impact your business. Begin by filling in the form to the right with your email address, call us at 855.97SPEAR | 855.977.732Seven, or send us an email to sales[at]tipofthespearventures.com to get started.

Sales Representatives

Sales Representative - MarkMark is a successful sales account executive for a leading technology company. He almost always hits his numbers (sales quota) month in and month out, but feels he could exceed them with a little help. When reaching out to prospects, Mark often doesn’t know if they’ve looked at his email, his LinkedIn profile, or knows anything about his company’s products/services. When he hosts meetings he sometimes encounters obstacles and objections that cost him his perceived deals.

Tip of the Spear’s Sales / Business Development Driver helps Mark better prepare, engage, and close his prospective customers. Mike has a better understanding of the how’s and when’s associated with his selling so he knows how to tailor and time his sales activities for maximum impact. Overcoming sales hassles and proven productivity techniques insure that he’ll be more effective. He closes more deals and crushes his sales goals! Learn more about how Tip of the Spear’s Sales / Business Development Driver can impact your sales. Begin by filling in the form to the right with your email address, call us at 855.97SPEAR | 855.977.732Seven, or send us an email to sales[at]tipofthespearventures.com to get started.

Sales Operations

Sales Operations - DeniseDenise is a Sales Operations Manager and is responsible for reporting and forecasting sales. She needs more visibility into her sales team’s activities because the activity metrics don’t match sales goal attainment. Finding sales best practices is difficult because the best Sales Representative performers are too busy to log their activities into their CRM or meet with her. She also lacks confidence in the sales pipeline because many activities marked as sold don’t close within the time committed.

Tip of the Spear’s Sales / Business Development Driver helps Denise create and capture key performance indicators (KPIs) and validate the forecast. Through proper metric identification and measurement she can monitor sales teams activities and revenue driving activities helping measurement of the activities that drive success. Identifying granular data by customer, geographic location, or salesperson is imperative. Integration with existing sales tools, like your CRM, should be a quick and easy process. Learn more about how Tip of the Spear’s Sales / Business Development Driver can impact your sales. Begin by filling in the form to the right with your email address, call us at 855.97SPEAR | 855.977.732Seven, or send us an email to sales[at]tipofthespearventures.com to get started.

Marketing

Marketing - BobBob is a Marketing Manager that supports her company’s sales team with collateral, like presentations, data sheets, case studies, and white papers. But Bob is challenged because he finds that sometimes his sales teams are using out of date branding and messaging, while some collateral is not used at all. Tip of the Spear’s Sales Business Development Driver provides a review of all collateral in place, identifying items that should be present (as well as those that shouldn’t!) A leadership review then positions collateral to be used moving forward.

Collateral is established with utilization dates, restricted content identification, and prioritization regarding what is being used most, how often, and for what purpose. Tip of the Spear’s Sales / Business Development Driver helps Bob and Sales Leadership increase consistency and identify impact of marketing messages. Learn more about how Tip of the Spear’s Sales / Business Development Driver can impact your sales. Begin by filling in the form to the right with your email address, call us at 855.97SPEAR | 855.977.732Seven, or send us an email to sales[at]tipofthespearventures.com to get started.

 

Filed Under: Featured Tagged With: 100% guarantee, business development, results, sales, sales coaching, sales training

The Inc 500 | 5000 Advisory Services Firm of Choice!

May 1, 2013 By Tip of the Spear

Leadership Advisory Board Image
Inc 500 | 5000 Leadership Advisory Boards

At Tip of the Spear, we are the Inc 500 | 5000 Advisory Services Firm of Choice! We partner with leaders from the Inc 500 | 5000 who are challenged by stagnant business plateaus, and/or achieving their full potential (i.e., They are achieving Point “A” results, however the higher potential at Point “B” should be achieved).

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After researching the best of the best in executive, leadership and business development, we launched our innovative offerings in Executive Coaching, Leadership Development, and Communication Skills Training aimed specifically for the Inc 500 | 5000… and we haven’t looked back since!

Here’s what we discovered:

  • Leaders need one-to-one time with a proven expert from the C-Suite (Someone who has been there/done that… Executive Coaching at it’s finest.  NOT some career consultant that’s never held a C-Suite position)
  • Leadership today is different… Lean Startup methodology requires today’s entrepreneurial leader to have a build, measure, and learn (or pivot) mindset regardless of whether you’ve been in business 10-months or 10-years
  • Startup “mentality” just isn’t for breakfast anymore (or at the start of the initiative… You may need to “reinvent” your organization over, and over, and over again)
  • If two heads are “better” than one (Executive Coaching), then how would eight (8) more be? (Enter our Leadership Advisory Boards or LABs)

Regardless of why leaders come to us, we help them focus on what really matters:

RESULTS!

If you’re interested in achieving more, in less time, you should strategically partner with us.  Let our proven scientific methodology, that’s 100% guaranteed, show you how.  To immediately schedule a complementary consultation, email info@tipofthespearventures.com or complete the registration form below.

Oh… and our Inc 500 | 5000 clients haven’t looked back yet either!

100% Guaranteed Results

Filed Under: Blog, Featured Tagged With: business development, executive coaching, executive development, leadership advisory boards, leadership development, peer perspective

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