The primary organizational responsibility of every executive and manager is the diligent management of resources. This oversight is clearly expressed through the effective management of an executive or manager’s assigned budget.
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There are no two companies that train alike. Some go all out. Some do little or none. From my personal observation over the past five years, training (especially sales training) is in decline. Training budgets follow the economy and corporate profits.
I wince at the word training, because I have always associated it with lions and elephants. The word education seems more appropriate.
Training teaches you, ‘how.’
Education teaches you, ‘why.’
The person who knows HOW will always have a job. The person who knows WHY will always be his boss. (Although many people claim to be the author of this quote, it was originally written by Ralph Waldo Emerson around 1870. Emerson used ‘man’ rather than the PC version ‘person.’)
REALITY: Most companies provide salespeople initial (minimal) training of essential product knowledge and basic sales skills. Big deal. Then the real world kicks in and the salesperson is expected to produce without the real skills he or she needs to ‘make plan’ or ‘achieve quota’ before they ‘get fired.’
Pile on the facts that customers have situations, barriers, problems, and objections not covered in training, while the boss is demanding ‘cold calls’ and all kinds of accountability. If you combine those elements with zero attitude training, low belief sysyem, and constant rejection, it’s no wonder early turnover in some companies (maybe yours) EXCEEDS 25%.
What to do?
Here is list of the major categories that need to be included in the training/education of your sales force in order to retain good people and achieve your sales objectives:
CAUTION: This list will require your company to make a serious investment in the education of people and salespeople – but take heart, whatever the money involved, it pales in comparison to the cost of employee turnover.
Personal development skills. Attitude comes before sales success. Positive attitude, followed by the five parts of belief, and classes on achievement and listening. Educate employees to make them better people BEFORE you throw them into the market.
Communication skills. How to speak and how to write are at the fulcrum of sales success. Poor communication skills OR poor writing skills will lead to failure faster than anything other than poor attitude.
Buying motives. Why people buy is almost never taught, yet it’s THE most powerful concept a salesperson can possess. Teach it at your best customer’s place of business.
Product knowledge. It’s not an option to make your salespeople experts before they hit the road or the phone. Teach it at your best customer’s place of business.
Personal presentation skills. Getting your compelling message transferred and “bought” is an essential aspect of salesmanship.
Laptop and tablet (iPad) presentation skills. If you have the tool, and you’re not the master of it, you will miss the marginal sale. If you don’t have the tool, you’ll miss a ton of sales.
Selling skills. Asking engaging questions and establishing relationships – the basic science of selling. BUT the elements above need to be understood BEFORE selling skills can be learned, let alone applied.
Smart phone skills. This is the communication device of the present and the near future. It must be mastered.
Voicemail skills. How are you at creating one, and leaving one? Two of the biggest enigmas of the modern sales era.
Value messaging skills. Weekly emails, blog posts, and tweets to existing customers and prospects to stay “top-of-mind.”
Pipeline building. How to build the number of qualified and expected sales. At the end of the month, a full pipelne ensures you’ll exceed plan.
Customer service skills. How to be memorable enough to create word-of-mouth advertising and unsolicited referrals.
Loyalty actions. Going the extra mile. Being WOW! By your actions, creating positive word of mouth advertising.
Customer uses of product and services skills. How the customer uses what you sell in order to produce and profit.
Customer perspective skills. How the customer views things and how the customer wants to be treated.
Business social media. No longer an option. No longer possible to ignore its power. Not just for the company, also for the individual.
Networking and relationship building. Getting face-to-face with customers and prospects on a regular basis. Network for sales AND relationship building.
Earning referrals and testimonials. THERE IS NO BETTER WAY TO MAKE A SALE THAN A REFERRAL AND A TESTIMONIAL.
Personal promotional skills. How to market yourself so that others will call you first. This is a combination of corporate support and personal (online) branding.
Past history of company and product (even if it’s a service). Knowing the history of your company and product or service will help put much of the prospet’s fear and unspoken risk to rest.
Continuing education. Once you start, you must make a commitment to continue as long as you exist.
StrategyDriven Contributors find online schools, like Indiana Wesleyan, make it easy for business professionals to schedule continuing education classes around their busy schedules.
This list is the MINIMUM requirement for salespeople to be prepared to succeed. But my best guess is that you are not educating or being educated in most of these critical elements. WHY?
There are no good reasons other than cost of training. And cost is a weak argument at best as the competition heats up their recruiting and training efforts.
And of course you’re going to want to measure the returns on your investment. Luckily in sales, ROI is the easiest part. Here’s an ROI reality: subtract last month’s sales from this month’s sales, and this month last year from this month’s sales and compare the results. You might also want to measure employee retention.
In sales all you have to do is measure reality. How’s yours?
Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.
About the Author
Jeffrey Gitomer is the author of The Sales Bible, Customer Satisfaction is Worthless Customer Loyalty is Priceless, The Little Red Book of Selling, The Little Red Book of Sales Answers, The Little Black Book of Connections, The Little Gold Book of YES! Attitude, The Little Green Book of Getting Your Way, The Little Platinum Book of Cha-Ching, The Little Teal Book of Trust, The Little Book of Leadership, and Social BOOM! His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at [email protected].
https://www.strategydriven.com/wp-content/uploads/JeffreyGitomer.jpg218156StrategyDrivenhttps://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.pngStrategyDriven2012-04-02 06:14:402016-08-07 21:15:32Training is out. Education is in. Are you in or out?
Some business leaders aggressively pursue every sale believing them to be the ultimate key to corporate success. Sales, however, represent far more than just dollars and cents. In fact, the revenue generated through a sale is just the beginning of the overall financial impact on the business.
Sales say a lot about a company and profoundly impact its culture, reputation, and goals achievement. And while every business must sell a critical mass of products and services to survive and flourish, to whom, what, and how it sells greatly affects long-term success.
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Just as a well-developed organizational performance measurement system helps align an organization to the efficient achievement of its goals, a misaligned performance measurement system diverts focus and resources toward non-value-adding activities. Over time, existing projects finish and new initiatives begin; requiring performance measures within the system be changed. While these alterations are intended to support continued, effective business operation, they are often performed without a holistic view of the system and may have unintended adverse impacts. Therefore, it is prudent to conduct a holistic performance measurement system evaluation with frequency that is regular enough to minimize the damage misalignment can cause without being so frequent as to become overly burdensome.
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I’m celebrating my twentieth year of writing about sales, networking, loyalty, trust, attitude, leadership, business social media, and personal development.
My core of information transformed into a body of work that includes 11 books – all bestsellers. I did it while you were watching TV. I chose to write instead of watch.
Last week was the second part of the celebration talking about the evolution of the selling process and how it will affect you and your sales for the next twenty. This is the third and final part. If you missed the first two, you can get all three parts at Gitomer.com, by entering the word ‘twenty’ in the GitBit box.
Here’s the conclusion of what’s now and what’s next:
19. UNDERSTAND CREATIVITY. Most people say they’re creative, but they have never read a book on the science of it. That might be a good intention for the remainder of 2012. Start with anything by Michael Michalko.
20. CONVERT LEADS TO SALES. This is as challenging as any sales activity in the cycle. Sales have been dangling in the wind for years. Decisions are finally picking up speed. Now is the time to stay in consistent, ‘value-based’ follow-up mode. Stay on track and sales will follow.
21. YOUR ATTITUDE. You have COMPLETE control and choice as to the way you dedicate yourself to the way you think. As you emerge from the economic depression of the past four years, it is IMPERATIVE that your attitude (both at home and at work) is set on YES! This one element will enhance everyone’s communication, morale, service, and sales.
22. EARN TRUST. You don’t ask for trust. You can’t force trust. You EARN trust. How are you earning it?
23. EARN SALES. You don’t ask for sales. You can’t force sales. You EARN sales. Still asking? Still trying to “close?”
24. EARN LOYALTY. You don’t ask for loyalty. You can’t force loyalty. You EARN loyalty. Loyalty comes from service and value received. Where’s your value?
25. EARN REFERRALS. You don’t ask for referrals. You can’t force referrals. You EARN referrals. Referrals are not just leads, they’re report cards.
26. EARN TESTIMONIALS. You don’t ask for testimonials. You don’t force testimonials. You EARN testimonials. Testimonials are your ONLY valid proof.
27. DIFFERENTIATE IN THE MIND OF THE CUSTOMER. Differentiating is the key to winning on value over price. Your branded emails can differentiate you from the others. Go to www.aceofsales.com, subscribe, and you will immediately begin to genuinely differentiate.
28. TAKE ACTION. Put away the remote. I know you take action during the workday – it’s before and after the workday that I’m talking about. Allocate 30 minutes in the morning and one hour in the evening to improving one of these imperatives each day.
29. CONSISTENCY OF ACTIONS. Get up earlier every day, and do something for YOU. Exercise. Read. Think. Write. Every day. That’s been one of my ‘obvious’ 20-year secrets.
30. NEXT-LEVEL ACHIEVEMENT. Study your business, your market, your competition, your customers, and yourself. When you do, what’s next for you will become obvious.
31. FAMILY SUPPORT. Nothing and no one is more important. You need their support. They need yours. Best advice: Give genuine support, and yours will follow.
32. WRITE EVERY DAY. Writing leads to wealth. Not money, wealth. Every penny I have earned since March 23, 1992, I can trace back to something I wrote. But MUCH MORE than money, I have gained reputation, recognition, and rewards that have enhanced my success all the way to fulfillment. And I promise that writing every day will do the same for you.
32.5 CELEBRATE. OFTEN. Please do not wait to celebrate. Life’s short. Celebrate every thing, every sale, every victory, every day. And don’t be cheap about it.
TAKE ACTION NOW, NOT TOMORROW: Go back over the entire list of 32.5 imperatives and rate yourself 1-10 on how well you stack up against each element that I have presented. That will give you the most realistic picture of where you are vs. where you need to be. And it will give you a clearer vision or where you’re going. All you need to do is make a plan of ‘how.’
Dedicate an hour a day to you. In 20 years, you’ll be an instant success. I’m proof.
Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.
About the Author
Jeffrey Gitomer is the author of The Sales Bible, Customer Satisfaction is Worthless Customer Loyalty is Priceless, The Little Red Book of Selling, The Little Red Book of Sales Answers, The Little Black Book of Connections, The Little Gold Book of YES! Attitude, The Little Green Book of Getting Your Way, The Little Platinum Book of Cha-Ching, The Little Teal Book of Trust, The Little Book of Leadership, and Social BOOM! His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at [email protected].
https://www.strategydriven.com/wp-content/uploads/JeffreyGitomer.jpg218156StrategyDrivenhttps://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.pngStrategyDriven2012-03-26 06:32:382016-08-07 21:21:07Elements from the past twenty years you can use for the next twenty!
Budget Management Best Practice 1 – Line Item Awareness
/in Budget Management, Premium/by StrategyDrivenTraining is out. Education is in. Are you in or out?
/in Practices for Professionals/by Jeffrey GitomerThere are no two companies that train alike. Some go all out. Some do little or none. From my personal observation over the past five years, training (especially sales training) is in decline. Training budgets follow the economy and corporate profits.
I wince at the word training, because I have always associated it with lions and elephants. The word education seems more appropriate.
Training teaches you, ‘how.’
Education teaches you, ‘why.’
The person who knows HOW will always have a job. The person who knows WHY will always be his boss. (Although many people claim to be the author of this quote, it was originally written by Ralph Waldo Emerson around 1870. Emerson used ‘man’ rather than the PC version ‘person.’)
REALITY: Most companies provide salespeople initial (minimal) training of essential product knowledge and basic sales skills. Big deal. Then the real world kicks in and the salesperson is expected to produce without the real skills he or she needs to ‘make plan’ or ‘achieve quota’ before they ‘get fired.’
Pile on the facts that customers have situations, barriers, problems, and objections not covered in training, while the boss is demanding ‘cold calls’ and all kinds of accountability. If you combine those elements with zero attitude training, low belief sysyem, and constant rejection, it’s no wonder early turnover in some companies (maybe yours) EXCEEDS 25%.
What to do?
Here is list of the major categories that need to be included in the training/education of your sales force in order to retain good people and achieve your sales objectives:
CAUTION: This list will require your company to make a serious investment in the education of people and salespeople – but take heart, whatever the money involved, it pales in comparison to the cost of employee turnover.
StrategyDriven Contributors find online schools, like Indiana Wesleyan, make it easy for business professionals to schedule continuing education classes around their busy schedules.
This list is the MINIMUM requirement for salespeople to be prepared to succeed. But my best guess is that you are not educating or being educated in most of these critical elements. WHY?
There are no good reasons other than cost of training. And cost is a weak argument at best as the competition heats up their recruiting and training efforts.
And of course you’re going to want to measure the returns on your investment. Luckily in sales, ROI is the easiest part. Here’s an ROI reality: subtract last month’s sales from this month’s sales, and this month last year from this month’s sales and compare the results. You might also want to measure employee retention.
In sales all you have to do is measure reality. How’s yours?
Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.
About the Author
Jeffrey Gitomer is the author of The Sales Bible, Customer Satisfaction is Worthless Customer Loyalty is Priceless, The Little Red Book of Selling, The Little Red Book of Sales Answers, The Little Black Book of Connections, The Little Gold Book of YES! Attitude, The Little Green Book of Getting Your Way, The Little Platinum Book of Cha-Ching, The Little Teal Book of Trust, The Little Book of Leadership, and Social BOOM! His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at [email protected].
Marketing and Sales – Some Sales Are Simply Not Worth Making
/in Corporate Cultures, Marketing & Sales/by StrategyDrivenSome business leaders aggressively pursue every sale believing them to be the ultimate key to corporate success. Sales, however, represent far more than just dollars and cents. In fact, the revenue generated through a sale is just the beginning of the overall financial impact on the business.
Sales say a lot about a company and profoundly impact its culture, reputation, and goals achievement. And while every business must sell a critical mass of products and services to survive and flourish, to whom, what, and how it sells greatly affects long-term success.
Hi there! This article is available for free. Simply register as a StrategyDriven Personal Business Advisor Self-Guided client by clicking here.
Already a client? Login to access this article.
Annual Alignment Review
/in Organizational Performance Measures, Premium/by StrategyDrivenJust as a well-developed organizational performance measurement system helps align an organization to the efficient achievement of its goals, a misaligned performance measurement system diverts focus and resources toward non-value-adding activities. Over time, existing projects finish and new initiatives begin; requiring performance measures within the system be changed. While these alterations are intended to support continued, effective business operation, they are often performed without a holistic view of the system and may have unintended adverse impacts. Therefore, it is prudent to conduct a holistic performance measurement system evaluation with frequency that is regular enough to minimize the damage misalignment can cause without being so frequent as to become overly burdensome.
Hi there! Gain access to this article with a StrategyDriven Insights Library – Total Access subscription or buy access to the article itself.
Sign-up now for your StrategyDriven Insights Library – Total Access subscription for as low as $15 / month (paid annually).
Not sure? Click here to learn more.
Don’t need a subscription? Buy access to Organizational Performance Measures Best Practice 17 – Annual Alignment Review for just $2!
Elements from the past twenty years you can use for the next twenty!
/in Marketing & Sales/by Jeffrey GitomerI’m celebrating my twentieth year of writing about sales, networking, loyalty, trust, attitude, leadership, business social media, and personal development.
My core of information transformed into a body of work that includes 11 books – all bestsellers. I did it while you were watching TV. I chose to write instead of watch.
Last week was the second part of the celebration talking about the evolution of the selling process and how it will affect you and your sales for the next twenty. This is the third and final part. If you missed the first two, you can get all three parts at Gitomer.com, by entering the word ‘twenty’ in the GitBit box.
Here’s the conclusion of what’s now and what’s next:
19. UNDERSTAND CREATIVITY. Most people say they’re creative, but they have never read a book on the science of it. That might be a good intention for the remainder of 2012. Start with anything by Michael Michalko.
20. CONVERT LEADS TO SALES. This is as challenging as any sales activity in the cycle. Sales have been dangling in the wind for years. Decisions are finally picking up speed. Now is the time to stay in consistent, ‘value-based’ follow-up mode. Stay on track and sales will follow.
21. YOUR ATTITUDE. You have COMPLETE control and choice as to the way you dedicate yourself to the way you think. As you emerge from the economic depression of the past four years, it is IMPERATIVE that your attitude (both at home and at work) is set on YES! This one element will enhance everyone’s communication, morale, service, and sales.
22. EARN TRUST. You don’t ask for trust. You can’t force trust. You EARN trust. How are you earning it?
23. EARN SALES. You don’t ask for sales. You can’t force sales. You EARN sales. Still asking? Still trying to “close?”
24. EARN LOYALTY. You don’t ask for loyalty. You can’t force loyalty. You EARN loyalty. Loyalty comes from service and value received. Where’s your value?
25. EARN REFERRALS. You don’t ask for referrals. You can’t force referrals. You EARN referrals. Referrals are not just leads, they’re report cards.
26. EARN TESTIMONIALS. You don’t ask for testimonials. You don’t force testimonials. You EARN testimonials. Testimonials are your ONLY valid proof.
27. DIFFERENTIATE IN THE MIND OF THE CUSTOMER. Differentiating is the key to winning on value over price. Your branded emails can differentiate you from the others. Go to www.aceofsales.com, subscribe, and you will immediately begin to genuinely differentiate.
28. TAKE ACTION. Put away the remote. I know you take action during the workday – it’s before and after the workday that I’m talking about. Allocate 30 minutes in the morning and one hour in the evening to improving one of these imperatives each day.
29. CONSISTENCY OF ACTIONS. Get up earlier every day, and do something for YOU. Exercise. Read. Think. Write. Every day. That’s been one of my ‘obvious’ 20-year secrets.
30. NEXT-LEVEL ACHIEVEMENT. Study your business, your market, your competition, your customers, and yourself. When you do, what’s next for you will become obvious.
31. FAMILY SUPPORT. Nothing and no one is more important. You need their support. They need yours. Best advice: Give genuine support, and yours will follow.
32. WRITE EVERY DAY. Writing leads to wealth. Not money, wealth. Every penny I have earned since March 23, 1992, I can trace back to something I wrote. But MUCH MORE than money, I have gained reputation, recognition, and rewards that have enhanced my success all the way to fulfillment. And I promise that writing every day will do the same for you.
32.5 CELEBRATE. OFTEN. Please do not wait to celebrate. Life’s short. Celebrate every thing, every sale, every victory, every day. And don’t be cheap about it.
TAKE ACTION NOW, NOT TOMORROW: Go back over the entire list of 32.5 imperatives and rate yourself 1-10 on how well you stack up against each element that I have presented. That will give you the most realistic picture of where you are vs. where you need to be. And it will give you a clearer vision or where you’re going. All you need to do is make a plan of ‘how.’
Dedicate an hour a day to you. In 20 years, you’ll be an instant success. I’m proof.
Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.
About the Author
Jeffrey Gitomer is the author of The Sales Bible, Customer Satisfaction is Worthless Customer Loyalty is Priceless, The Little Red Book of Selling, The Little Red Book of Sales Answers, The Little Black Book of Connections, The Little Gold Book of YES! Attitude, The Little Green Book of Getting Your Way, The Little Platinum Book of Cha-Ching, The Little Teal Book of Trust, The Little Book of Leadership, and Social BOOM! His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at [email protected].