The 20 Most Dangerous Sales Myths You Shouldn't Fall For

sales-myths-debunked-compressor-168639-edited.jpg

In sales, it’s important to separate fact from fiction. You might discover the latest trend everyone’s touting isn’t so effective after all. On the flip side, trying out a new technique might lead to amazing results. The better you become at learning what’s hype and what’s real, the more successful you’ll ultimately be.

Here are the following 20 most common sales myths I’ve come across. Please feel free to add to my list — or challenge it — in the comments.

1) Sellers crush it. 

In some industries, less than 50% of salespeople achieve quota. They like to say they “crush it” — but crushing it is the exception, not the rule.

2) Managers can sell. Sellers can manage. 

Actually, the skill sets are typically mutually exclusive. Eagle reps seldom ever become effective sales leaders.

3) The phone is dead. 

It’s actually more critical than ever to use the phone at every stage of the sales funnel. Call reluctance is a pandemic.

4) Personalizing your digital outreach works better. 

The wrong type of personalization can actually drive away prospects. Researching their personal hobbies and background (versus their industry and company) can turn them off. You don’t need to be the buyer’s friend — stick to their professional background.

5) When companies raise a ton of money, they’re doing well. 

It’s usually because they’re burning through cash at an alarming rate ($2 million plus per month) and are simply trying to keep the lights on — often diluting themselves. Raising a huge round may also be a sign they haven’t figured out product/ market fit and are treading water while they search for an answer.

6) A company hires sellers because it’s doing well and expanding. 

In reality, a boost in sales hiring typically occurs because revenue is down, sales staff churn is up, the culture is “Lord of the Flies,” bad management has eroded moral, the CEO has stepped in to destroy the sales strategy through micro-management, or the worst offender: They need a miracle from field sellers to save the company from mortal peril.

7) If you call 100 people, you’ll connect with many. 

Truthfully, you’ll usually make contact with two or three prospects for every 100 you call. To stand out, you must use sequences of short voicemails, texts, emails, and social touches. You dramatically lift your odds of success when you get the prospect’s mobile phone number.

8) Just get referrals. 

Yes, a referral — a.k.a. a warm introduction — is the highest probability path to revenue. But newsflash, modern sales organizations are adopting an Account Based Marketing (ABM) approach. The majority hunt in named territories so if you don’t break through, you’re out of luck.

9) Account Executives shouldn’t hunt, and SDRs shouldn’t close.

Building the ultimate sales machine worked for a brief time in the early 2000s before every tech company implemented this approach. CXOs are frustrated with the lack of continuity from meeting setter to closing salesperson. They won’t bother with being put through the sausage grinder. Do your due diligence on the list, value proposition and Ideal Prospect Profile, and fire away yourself.

At the end of the day — and from the beginning of the call — you must be able to carry the right conversation. The senior salesperson is best equipped to carry the value narrative to the decision-maker and this has to happen right from the get-go!

10) “Sales AI” is all hype.

I met with the CEO of Complexica, Matt Michalewicz, and it was like smoking dynamite. Matt literally blew my mind. AI can save your sales career and help you drive amazing results.

11) Only add who you know on LinkedIn. 

I’ve been getting into furious debates over this one. Read Reid Hoffman’s first book, “The Startup of You.” The power of your LinkedIn network is like a Richter scale. It’s geometrically more powerful at 5,000 than 2,500 connections, not twice as powerful. Cultivate the “Strength of Weak Ties” — don’t get siloed with who you know. Network at trade shows, join online groups, and connect around shared interests. Trust me: Go do the research.

12) Texting and Facebook transforms sellers into social pariahs. 

This is simply not true. You should be using cell phones to your advantages — texting salespeople directly, connecting with prospects on Facebook, and chatting to them whenever possible. Try it!

13) Extroverts win in sales. 

Just because you’re a “people person” doesn’t mean you’ll be great in sales. The bottom of the leaderboard is filled with “professional visitors,” and fluffy narcissists never make it in the board room. Knowledge is power and this is why skeptical, Challenger sales engineers that go into quota-carrying new business actually can “crush it.” As the complexity increases, engineers of value are far more effective than warriors of persuasion.

14) LinkedIn is about a personal brand. 

It was approximately five years ago. Any serious seller should be on LinkedIn Sales Navigator. Period. End of story. You should be tracking your best prospects and interacting with their content through blended approaches. Here is a post about advanced Navigator techniques … try them and see your results soar!

15) The greatest trigger event is a funding round. 

Not true. In “Shift!: Harness The Trigger Events That Turn Prospects Into Customers,” Craig Elias and Tibor Shanto proved the strongest trigger is the job change.

The average Fortune 1000 CIO spends approximately $1 million in their first 90 days — their mission is to shake up the status quo. Every time there’s a job change, you get four leads. Monitor internal promotions and lateral moves as well. Again, LinkedIn is your go-to resource.

16) It takes as much effort to close a six-figure deal as a seven-figure one. 

It actually takes more with tire-kicker tiny deals trying to POC and do pilots. These folks are incorrigible — you’ll never win. Cut bait and only focus on household names and dream clients you’ll be proud to win.

17) You can wait for buyers to complete 57% of their buying process. 

That’s just lazy. Interruption is magical. You’ve got to create desire and uncover the pain points your prospects don’t know about yet.

18) Sellers are making over a million dollars a year. 

Yes, under 1% globally do. You could probably find a unicorn if you chased enough rainbows and lost your mind.

19) If you’re missing your quota, it’s 100% your fault. 

Many companies have broken cultures, bad management, and products that would never sell in any market. Don’t beat yourself up about it. Do what Lee Bartlett does and rigorously vet the companies you’re considering joining. Talk to their current and former reps, call their customer service, and even interview their current and former clients. Do their customers believe their product is a necessity, or a “nice-to-have”?

20) Multi-tasking makes you more efficient. 

You can’t multi-task, so stop what you’re doing and go lock yourself in a room to knock 30 calls, voicemails, texts, and emails off of your to-do list. Why are you still reading this?

Which myths did I miss? Do you agree?

Editor’s note: This post originally appeared on LinkedIn and has been republished here with permission.

Free Sales Training from HubSpot Academy

Source: The 20 Most Dangerous Sales Myths You Shouldn't Fall For
blog.hubspot.com/sales

10 Things Salespeople Do That Make Them Seem Desperate

things-salespeople-do-seem-desperate-409302-edited.jpg

Desperation turns people off fast. If you’ve ever cooled on a suitor or friend because of overt neediness and constant invitations to meet up, you’ll know what I mean.

Most of us know not to cross the line between eagerness and desperation in social situations. However, when your job is on the line, good judgment can fly out the window. Salespeople need to make a certain amount of sales each month in order to hit their number, and the pressure can sometimes make them come off a bit too strong with their prospects.

But in their quest to make quota, reps often don’t even realize what they’re doing is emitting a desperate vibe. If you’re guilty of any of these 10 behaviors, stop immediately before you send your prospects running.

1) Assuming the prospect is interested.

“Lots of salespeople come off as desperate because they don’t ask the prospect if they’re interested — they just assume they are,” said Pete Caputa, VP of sales at HubSpot.

One way this behavior manifests itself is when a salesperson suggests a meeting or call in their first outreach. According to Caputa, this is a bit presumptive considering the rep can’t truly know at this early stage whether the prospect is a good opportunity or not. And what reads as presumptuous to some translates as desperate to others.

2) Pressing for a meeting too hard.

Prospects will often dismiss salespeople with a quick “We’re not interested,” or “Now’s not a good time,” and good reps are adept at maneuvering past these knee-jerk brush-offs. However, if a rep determines that a prospect is legitimately not interested, they should back off — or risk being labeled as desperate.

But how can a rep ferret out true interest? Caputa recommends posing a simple question: “Do you not want to set a time to talk because you’re busy, or because I haven’t established enough value for you to take another call with me?”

If the prospect replies that they’re buried, the rep understands it’s a “not now” instead of a “not ever.” However, a prospect who doesn’t see the value in what you sell isn’t likely to be a good opportunity, and following up their rejection with “Well, but I really think you’d be a great fit,” or “I understand, but all the other competitors in your space are doing it,” will just sound pleading. Give them an out, and if they take it, let them go.

3) Jumping on problems too quickly.

Reps ask prospects discovery questions to get a feel for their pain points, and understand if a specific product or service can help remedy these issues. However, while it’s great when there’s a match between problem and solution, reps shouldn’t be too eager to make the connection.

“The ideal sales process involves the prospect realizing on their own that yours is the right solution. By the rep asking questions and telling stories about other people like them, the prospect should see themselves in the stories,” Caputa said.

But instead of letting the prospect connect the dots in their own mind, “a lot of times salespeople say, ‘Oh, we can help you with that!’ and explain how you can solve problem X with solution Y,” Caputa added. “And that might not be the way they want to do it.”

Highlighting your product from the get-go seems salesy, and can drive away a good opportunity. Resist the urge.

4) Making side agreements.

Reps desperate to make a sale can be tempted to bend the rules. As Andrew Quinn, HubSpot’s director of training and development, pointed out, this often takes the form of an add-on perk that falls outside the terms and conditions of the deal.

A rep might think these types of “side agreements” are relatively harmless. After all, the prospect signed, right? But remember that this behavior sets up a dangerous precedent of catering to exceptions and dealing with inflated expectations. The prospect who was brought on in this manner is likely to be a poor customer.

5) Issuing ultimatums.

A salesperson has to be at the end of their rope to present an ultimatum or threat to a prospect, but according to Quinn, it happens. This is the category that such utterances as “I’m not leaving here until you make the right choice!” or “If I don’t make this deal happen I’m going to lose my job. Please do this for me … “ fall into.

Ultimatums, threats, and begging don’t make anyone feel good. Don’t go there.

6) Letting your voice communicate nerves.

The more confident a salesperson sounds, the more confident a prospect will feel in moving forward with a buying decision. With this in mind, Quinn cautioned that reps should never let nerves or desperation creep into their voices. Even if you’re nowhere near quota and it’s the last day of the month, reps should speak with an air of cool and calm.

Not sure what a desperate voice sounds like? Here’s a prime example from Ol’ Gil, The Simpsons’ resident Willy Loman:

7) Being too accommodating.

A salesperson should serve their customers, but that doesn’t mean they should act like a servant. For instance, if a prospect is demanding features far outside the bounds of normal service, salespeople shouldn’t simply acquiesce with an “I’ll see what I can do.” Instead, Caputa recommends reps dig into each and every one of a prospect’s additional requests to understand why they need it, and if it’s truly vital.

Another example of this behavior Caputa cited is allowing a prospect to disrespect your time. When a prospect cancels a call at the last minute, they’ll likely apologize the next time they meet with the rep. Whereas most salespeople would respond to this apology with “No problem!” this is wrong in Caputa’s opinion, since it implies the rep’s time is less valuable than the prospect’s. Instead, he suggests asking, “Is everything okay?” and then moving on with the conversation.

“You should be respected as someone who adds value, and when you let a prospect treat you with disrespect, you show you’re desperate for the business,” Caputa said.

8) Refusing to take a hint.

Statistically speaking, the vast majority of your sales opportunities won’t go anywhere. Sometimes prospects won’t even answer your email or return your call. And that’s okay.

What’s not is refusing to move on, and sending email after email after email after email after email. It was exhausting just typing that sentence — can you imagine how desperate that kind of relentless messaging comes off to buyers? I think it’s safe to say “very.”

9) Offering unsolicited opinions.

According to sales expert Jeff Hoffman, few habits are more damaging to your perceived status than giving your unsolicited opinion. It makes you seem overly eager to please. And if your prospect thinks you’re only telling them what they want to hear, they won’t trust anything you say.

Suppose if the buyer tells you, “We’re launching a new campaign targeting millennials next month.” 

Don’t respond, “Oh, awesome. Which tools are you using for that project?” 

Simply ask your question: “Which tools are you using?” 

This matter-of-fact, confident style will lessen the chances you seem desperate.

10) Offering a discount too early.

Nothing screams “I need this deal” more than offering a discount before your prospect has even asked. While discounts have their place in the sales process, you should only bring them up once your prospect has realized your product’s value. If you start the conversation by saying you’re flexible on price, not only will your product seem cheaper (and therefore less desirable), your prospect will infer that you’re eager to close at any cost.

Editor’s note: This post was originally published in March 2015 and has been updated for comprehensiveness.

HubSpot CRM

Source: 10 Things Salespeople Do That Make Them Seem Desperate
blog.hubspot.com/sales

The Top 7 Account-Based Marketing Metrics for Tracking Success

ABM-metrics-compressor-065864-edited.jpg

If you adopt a new sales methodology without simultaneously adopting new sales metrics, you’ll have a much harder time tracking progress. That’s why companies transitioning to an account-based framework should update their KPIs and leading and lagging indicators of success.

While traditional metrics focus on the activity of an individual lead, Account-Based Marketing (ABM) looks at key accounts: The kind most likely to drive the most revenue for your organization.

How are account-based metrics different?

Think quality, not quantity.

An ABM team’s top priority is influencing the people who matter at key accounts. Rather than focusing on new lead creation, ABM focuses on activating and engaging a smaller number of the right leads. For that reason, traditional funnel metrics, such as conversion rates, don’t apply here.

For example, a sales rep with 20 accounts can’t accept a 5% conversion rate — she needs to be thinking about growing revenue from every single account. Which would the sales rep value more: 20 random entry-level professionals downloading a whitepaper, or one meaningful conversation with a decision maker at one of her target accounts?

It’s not about closed revenue.

SiriusDecisions reports a 24% increase in the length of an average B2B sales cycle. The larger the deal size, the longer the cycle. With such a lengthy process in place, we need to measure what’s happening as it progresses. There is a long gap between top-of-funnel lead generation and bottom-of-funnel pipeline creation.

How do you measure progress in the middle of the funnel? Focus on engagement. Track how deeply the right people at an account engage with your brand, and you’ll have a quantifiable way of showing development throughout a potentially long nurturing process.

The 5 key types of ABM metrics

At Engagio, we recommend five categories of ABM metrics. Measure these in addition to — not instead of — leads, pipeline, and revenue.

1) Coverage

Do you have enough of the right people in your database? How complete is your account data?

These metric tracks data quality and comprehensiveness and should inform your strategic plan. In other words, how many of your target accounts have you researched? Do you understand each division with your target account? How many accounts do you have account-specific custom content for? Have you identified the main stakeholders and points of contact within every account? Do you have their contact information?

2) Awareness

Do your prospects know your company’s name and what you offer?

Web traffic is a good reflection of this — specifically, traffic coming from people within your target accounts. You should also track whether your key contacts are opening your emails, attending your events, and taking your phone calls.

3) Engagement

How engaged and interested are your prospects?

The more time they spend with your company, the more committed they tend to be.

Measure the number of minutes that someone spends with your brand. Track when they are responding to your marketing programs, but also when they interact socially, when they use your product, and when they talk with your sales team.

4) Reach

Are you reaching specific target accounts? Where are you wasting your efforts?

Track success by channel — for example, in a webinar campaign, you’d measure success by event attendance. Track the percent of target accounts that have success in each program as well. Finally, track your focus — what percentage of all program successes come from key accounts?

5) Influence

Which activities are generating the right results?

Traditional attribution models are difficult to apply to long sales cycles with multiple touches. ABM requires looking for correlations between activities and key sales outcomes. Mine your data to find insights like, “Accounts in the top 25% of engagement have 18% faster sales cycles than those in the bottom 25%.”

You’re looking for deal velocity, win rates, average contract values, retention, and Net Promoter Scores. Ultimately, these insights help to demonstrate why ABM programs matter to sales leadership and the C-suite.

The 2 key types of account-based sales metrics

Marketing and Sales often measure success differently. Account-based metrics can help bring these teams closer, giving them a common language and aligning their focus on a specific list of named accounts.

With an Account-Based Sales Development (ABSD) strategy, two distinct types of metrics can help you understand if your sales team is performing against an account-based sales plan.

1) Activity-based sales metrics

Are your sales reps doing the right things? This will be specific for each SDR playbook, but generally cover activities like task completion, dials/emails/contacts per day, account coverage (if SDRs are responsible for building contacts), meaningful conversations, and conversation to appointment.

2) Outcome-based sales metrics

Track the result of the activities mentioned above, including the rate of accounts accepted (a pipeline metric often measured per thousand accounts prospected), pipeline created, and revenue generated.

Account-based strategies present an incredible opportunity for organizations to make marketing and sales more focused, relevant, and effective. But to truly realize the benefits, it’s important to measure what matters.

HubSpot CRM

Source: The Top 7 Account-Based Marketing Metrics for Tracking Success
blog.hubspot.com/sales

15 Dumb Sales Questions Smart Reps Ask

dumb-questions-smart-salespeople-ask-compressor-414844-edited.jpg

Let’s be real: Most salespeople are annoying. They view their prospects as numbers in their sales funnel, not as people. They believe earning your business is a chess match and a signed contract means they “won the game.”

However, the average prospect doesn’t know how to purchase anything that falls outside their area of expertise. Think about it. Do you really know how to buy a TV? Do you know what precise technical questions to ask? You’d probably like some help, right?

But when the salesperson at the electronic store asks if she can help, what do you typically respond with? “No, I’m just browsing.”

The cat-and-mouse game buyers and salespeople play has created an unproductive, competitive environment that doesn’t benefit either party.

One of the most common culprits? The questions you’re asking your prospects. Luckily, once you know where you’re going wrong, you can course-correct. Stop asking these 15 common questions — or at the least, rephrase them.

15 Dumb Sales Questions to Avoid

1) “What is your budget?” or “What would you like to spend?”

Buyers often rationalize lying to salespeople about their budget because they feel it is the necessary first step in a negotiation. And why do you need to know about budget up front anyway? If the buyer has purchased what you are selling in the past, they will have money to spend. If they have not — how will they know what price is right?

Instead of demanding a budget right off the bat, strive to understand the prospect’s process for buying and their spend tolerance. Simply asking about their buying process for your type of product or service will get you a lot better information than asking specifically about budget.

2) “What’s more important to you, price or quality?”

Shame on you for asking this question. If you beat the competition solely on price, just come out and say it. However if you are not the low-cost provider, you need to build value. Your prospects will naturally associate a given amount of value with “what the product is supposed to cost” so a good salesperson will try to understand that perspective and discuss price from there.

3) “Are you the decision maker?”

This is a bad question because it’s unclear. Are you asking if they’re the decision maker for which vendors move on to the next step in the buying process? Or are you asking if they can they sign off on the proposal? This puts the prospect in an ego predicament. No one wants to feel as if they are just the informer.

Instead, ask the question,“Who is involved in this process?” Even the CEO gets input from others (or at least he or she should). This should reveal all relevant influencers, stakeholders, and the ultimate decision maker.

Salespeople need to identify the decision makers so they can work with these stakeholders throughout the buying process. Too often we leave it to others to sell our products and services to executives because we failed to appropriately engage them.

4) “What’s your biggest pain point?”

You won’t get the answer simply by asking. Most salespeople stop probing for pain once they hear an indicator such as, “If this doesn’t go well, I will get fired.” However, pain is rooted in emotion. In this example, the pain isn’t the potential of getting fired — it’s the emotion associated with getting fired.

Everything we buy is bought emotionally, so unless you know the pain, how can you truly help? Seek to understand the prospect’s underlying emotional need for change.

5) “How good are your products and services?”

This is a legitimate sales question to ask if your product or service promises to improve the prospect’s business results. However, if you pose it in this way, prepare yourself for a biased answer.

How can you get an honest response? Ask questions around how the business is doing from a third-party perspective, or versus the competition. For instance:

  • When you lose, why do you lose?
  • What do your customers say about your products and services?
  • What percentage of your business is referrals?

6) “How strategic are you?”

Ego will not allow your prospect to say “not at all” (even if that’s the truth). On the other hand, if they do show vulnerability, they will likely blame the company or others for it (which shows they are not truly strategic).

Instead of asking this question at all, simply listen to your prospects’ answers to other queries. I guarantee you will discover if they are strategic or not.

7) “Would you like a proposal or quote?”

When you ask this question, you will likely get blown off one of two ways. You will be either be told “I am happy with my current vendor” or “I don’t want to waste your time.”

Another possibility is that the prospect will gladly take your proposal … and use it to price check their current vendor. Your proposal then functions as intel for your competition. Finally, the prospect could request your proposal simply to get you out of their hair.

A proposal should simply be a summary of expectations both parties have already agreed upon. It should only be sent once you have agreed on scope, pricing, timing, etc., and serves as documentation for the work being completed. It does not sell anything in and of itself.

8) “Can I show you our capabilities?” or “Would you like a presentation?”

Show and tell is for your nine-year-old. If you are presenting, you are not selling. You are bragging. Don’t brag.

9) “Is this a good time to chat?”

Do you think your prospects sit in their offices hoping a salesperson calls? There is never time, but people can make time if they want to. This question gives your prospect an easy out. A better way to ask this question is, “Did I catch you at a bad time?”

10) “What level of service are you willing to pay for?”

This question implies that your relationship is only about money, and that’s just not true. Sales is about balancing what the prospect needs with what they want. Your questions should inform you about the prospect’s business so you can discuss appropriate solutions.

Build value, not budgets. If your business offers multiple service levels, ask the relevant questions in order to make a recommendation.

11) “Who is your competition?”

You should do research before you talk to prospects to identify their biggest rivals. Asking this question makes you look like you’re uninformed on their industry and company. Have some ideas about who their competition is, but don’t want to jump to conclusions? Try asking your prospect, “I did some research, and it looks like your biggest competitors are X, Y, and Z. Does that sound right to you?”

This question allows you to verify your findings without losing face or seeming ill-prepared.

12) “What can I do?” or “What will it take to earn your business?”

This sets you up for failure because you are now just an order taker. The prospect tells you in this moment what it will take to get a signed contract … and they will continue to tell you what you have to do for the rest of the relationship. This isn’t exactly the partnership you touted when trying to earn the business. This question also implies that you will take on anyone and are willing to be insincere to close a deal.

Get to know the prospect’s business, their pains, and how you can help. If it makes sense to work together, it will happen. If not, move on.

13) “Who was the best salesperson who ever called on you?”

Who cares? Are you going to be inauthentic and act like someone else to try to earn the business? Would you ask your spouse who was the best person they ever dated? Forgo this question in lieu of more valuable and revealing queries.

14) “What do you dislike about your current vendor?”

The objective here is totally transparent: You’re trying to identify weaknesses in your prospect’s current supplier relationship so you can position yourself as a better alternative. If the buyer says, “Their shipments are frequently late,” you’ll predictably say something along the lines of, “We’re always on time; ask our customers,” or “We move mountains to deliver our goods on the right date.” 

It’s actually less persuasive to present your company’s strengths reactively. The prospect will wonder if you’re only touting that specific detail because you’re trying to amp up their dissatisfaction. Instead, delve into their priorities and needs and position your offering accordingly. Your pitch will feel more genuine.

15) “Can you tell me about your business?”

Unlike questions that dig into your prospect’s needs, objectives, and strategic initiatives, asking them to tell you about their business is solely for your benefit. In addition, posing such a high-level, broad question tells the buyer you haven’t even bothered to browse their company website before the call.

A good sales professional has virtually no cap on earning potential, but it takes more than practice to attain mastery. Top salespeople continuously develop and refine sales skills through learning — with the help of a coach, trainer, manager, or on their own. Don’t you think asking great questions is one of those critical skills?

This post was originally published in August 2015 and has been updated for comprehensiveness and accuracy.

HubSpot Free Sales Training

Source: 15 Dumb Sales Questions Smart Reps Ask
blog.hubspot.com/sales

Close More Deals Using This Neuroscience-Backed Principle of Persuasion

psychology-tip-sales-802728-edited.jpg

You’re on a call with a prospect, and everything is going smoothly. You are both cracking jokes like old friends, and there’s a strong rapport.

Your prospect is from Minnesota? What a coincidence! Your grandparents lived in Saint Paul for ten years before they moved to San Francisco. The conversation couldn’t be better.

By the time it ends, you’re confident they’re going to buy. All you need to do is send a proposal.

But then the buyer goes radio silent. One month later, and you’ve written four follow-up emails and left two voicemails.

Finally, you get a reply: “Thanks, we are not interested at the moment.”

Sometimes, the opposite happens. The prospect you are talking with doesn’t seem to respond to your friendly approach. However, when you send a proposal, she ends up converting into a customer.

At Kraftblick, a digital marketing agency, we encounter this type of behavior often. But it’s less unpredictable than you’d think. The answer lies in cognitive persuasion.

The #1 Psychology Tip Salespeople Need to Know

Emotions vs. Logic in Sales

To grasp the mystery of how the brain reacts to persuasion, think of communication in the army.

Whenever something happens on a battlefield, the same news travels in two directions. One stream of information reaches a platoon commander, or the leader of a small army unit. The platoon commander has to act on this news immediately, since the survival of her soldiers is at stake. There’s no time for in-depth analysis and reflection.

This particular direction is similar to how information from an outside world transfers to the limbic system of the brain, the “emotional brain.” The limbic brain activates the fight-or-flight response in our body. Emotions may take full reign over the logical mind.

2-The route to the limbic system.png

The limbic system reacts to an emotionally charged message

At the same time, the other stream of battlefield news may be brought to the army headquarters by scout planes. The information is dissected, scrutinized, and evaluated. Military headquarters resembles the neocortex — a thinking part of the brain. The route to the neocortex is longer than the one to the limbic system. However, the result is a well-informed, deliberate decision.

3-The route to the neocortex.png

The message is rushing to the neocortex

Our impulsive actions (a burst of anger, an ill-considered purchase, and so on) originate in the limbic system. When reflecting on the past, we may wonder how we could have done something so stupid. It’s because the route to the limbic system is shorter than the one to the neocortex. Simply put, it takes less time to react than to think of how to react.

The resemblance between the brain and the army continues. At some point, the platoon commander submits the news report to the army center. Similarly, when information from the limbic system reaches the neocortex, it’s time for the brain to analyze our emotional reaction and how well it matched the situation.

4-Decision-making_process.png

The neocortex is overruling the emotional response

Notice again that the same information travels in two directions in our brain. These routes are parallel, but no matter their difference, information eventually ends up in the “rational brain.”

What does it mean for persuasion tactics that are based on emotions?

The Power of Emotions Is Exaggerated

Some claim regardless of what salespeople are selling — products, services, or advice — people buy based on feelings.

However, I believe we overestimate the power of emotion and oversimplify the decision making process. The fact that the emotional center in the brain reports to the thinking brain should encourage salespeople and managers to embrace its several applications.

Monochrome persuasion, i.e. purely logical or emotional, is incomplete.

To be convinced, most people require a combination of emotion and fact-based arguments. Human brains are built to perceive and analyze information before deciding on a conclusion. Give your prospects facts, statistics, and case studies to support your emotional appeals.

Emotional people possess “rational brains” as well.

Persuasion techniques such as flattery, praise, or charm aren’t helpful if your prospect recognizes they’re being manipulated.

Dale Carnegie, author of How to Win Friends and Influence People, was a master of influence and persuasion. But a reader who’s not as skilled may apply his techniques awkwardly — instantly alerting the other person to their motives.

Never forget you’re dealing with thinking humans who can read between the lines. Strive to be authentic and helpful, and you’ll be able to persuade people organically.

Even if people act on emotions now, they may back down later.

Although the route to the limbic system (the emotional brain) is shorter than the route to the neocortex, information eventually ends up in the thinking brain.

Driven by their impulses, a prospect might buy whatever you suggest or agree to your negotiation terms. However, if this decision actually contradict his interests, he’ll realize that shortly — and may renege. Not only will you permanently damage the relationship and lose the sale, but you’ll miss the opportunity for a referral and generate negative word-of-mouth.
In the long run, encouraging impulsive decisions won’t help you build trust or win clients’ hearts.

Emotion-Based Tactics to Steer Clear of

If you want someone to act on his or her emotions, you need to intervene during a time lag between information being processed in the limbic system and the same information rushing to the thinking brain. This is a window when a rational mind is asleep while emotions are activated, and nobody is there to suppress them.

While these manipulative techniques can lead to short-term gains, they’ll hurt you in the long run by generating negative word-of-mouth; cancellations and refunds; and a high churn rate.

Emotional tactics to avoid:

  • Evoking strong negative emotions in prospects (like fear, rage, and frustration) and pressing them to act right away.
  • Creating a false sense of urgency.
  • Demanding immediate responses and refusing to give buyers time to think about your offer.
  • Encouraging prospects to sign your agreement without seeking a second opinion.
  • Targeting prospects when they are tired, stressed, or distracted.

Final Thoughts

Let’s return to my original point. What happens to the prospects who seem like they’re ready to buy but end up walking away? Is the magic of influence fleeting?

If you frequently puzzle over your prospective clients’ mood swings, your strategy is probably too dependent on emotion.

Remember: Although it’s easier to evoke feelings in someone and play on them than appeal to their logical side, eventually, that logical side will tame their emotions.

Whenever you have to make a point or negotiate a deal, use these simple yet useful recommendations.

  1. Use emotional appeal to get your prospect’s attention, not convince them to buy.
  2. Incorporate facts, numbers, and other logical elements into your sales pitch.
  3. Do not abuse the power of emotions. You might gain temporary influence over the prospect’s mind, but these tactics will backfire once the “emotional spell” breaks.

How do you use emotion versus logic when selling? Let us know in the comments!

HubSpot CRM

Source: Close More Deals Using This Neuroscience-Backed Principle of Persuasion
blog.hubspot.com/sales

The 3 Quota-Killing Mistakes Only Experienced Salespeople Make

mistakes-experienced-salespeople-make-compressor-197787-edited.jpg

Who’s likelier to make a mistake: The rookie sales rep who’s never sold a day in their life, or the veteran rep who’s been on the front lines for nine years?

The reality is, they’re both going to screw up. Experienced salespeople simply make different mistakes.

Here are the three biggest errors I see seasoned reps make — along with the steps you can take to avoid them.

1) They Over-Qualify

Successful salespeople pay attention to their customers’ commonalities. This helps them hone in on the most lucrative buyer personas and disqualify poor fits.

Unfortunately, many start to believe there’s only one “recipe” for a good customer. In other words, they over-qualify.

To give you an example, suppose a rep sells in a competitive landscape. She’s noticed she enjoys a high success rate when she talks to prospects 90 days before their contract renewal.

When a buyer who’s six months away from renewing their contract falls in her lap, the rep thinks, “That’s not the DNA of my typical buyer; I’m not going to invest in the opportunity.”

This mentality can really depress a salesperson’s potential earnings.

I recommend that at any given time, 10-15% of the deals you’re working should be risky. If you have 20 in your pipeline, two or so should be opportunities you’re not comfortable forecasting. You’ll maintain a predictable revenue without leaving valuable money on the table.

2) They Lean Too Heavily On Existing Champions

As salespeople become comfortable in their role and territory, they begin to develop strong relationships with certain customers. In fact, the longer a salesperson stays in a role, the more account champions she usually has.

But familiarity breeds complacency. As soon as the rep gets comfortable and assumes she’s guaranteed her customer’s business — both current and future — she exposes herself to the competition. By far the biggest reason smaller, scrappier suppliers can kick out long-standing vendors? The incumbent stopped truly working the account.

To avoid this fate, use a multi-threaded approach. Every month or quarter, ask yourself:

  • “Do I know who all of the current customer stakeholders are?”
  • “Who’s left since I last surveyed the account? Who’s joined? Who’s gotten a promotion? Who’s moved teams?”
  • “Which business units, departments, or office locations should I target next?”

Challenge yourself to add at least one new contact to your CRM every quarter. If there’s an opportunity to expand the account, you should be adding a new opportunity into your pipeline every year.

I don’t recommend asking your champion to make these introductions for you. Not only is it a big ask, they don’t always know the people you should be speaking to.

Instead, be upfront and tell them your objectives. Make them feel important by offering to include them in your conversations.

Here’s a script you can use:

“I’ve worked with you for [X months, years] and [company] for [Y months, years]. You’re an amazing client. This year, I’m going to talk to more people — my goal is to speak with one new [business unit, team, department, stakeholder, user] each [month, quarter]. When I reach out, would you like to be included on those calls?”

3) They Stop Learning

According to HubSpot Research, the majority of salespeople with five-plus years of experience say that when they find something works, they don’t change it.

That’s an issue. While a tactic or technique may have been very effective in 2010, 2012, or even 2016, technology, industries, jobs, and people change. Continual success depends on continual learning, practice, and evolution.

I’ll give you the perfect example. I asked a group of salespeople I was training to describe the purpose of an email subject line. They unanimously agreed it was convincing the prospect to read the email and summarizing its contents.

If it were 2005, that would have been a great response. However, in 2017 email subject lines have a different purpose. Buyers don’t really care about them — but spam filters do. Use the wrong words or format, and your prospect’s email client will send your message straight to the spam folder.

To ensure you’re keeping your skills sharp and current, read sales blogs (like this one or my own), subscribe to sales podcasts, attend training, proactively request feedback and guidance from your sales manager, go to sales conferences and networking events, or ask the other salespeople on your team what’s working for them. You probably don’t have time for all of these, so pick two or three strategies to focus on.

Rookie or veteran — you’ve got to keep learning and moving forward.  Come see Jeff live in Boston on June 12.  He’ll be leading two of his most popular workshops – Why You? Why You Now?™ 1/2 prospecting and Hammer It Closed™ 1/2 day negotiating and closing workshop.

HubSpot Free Sales Training


Source: blog.hubspot.com/sales

SPIN Selling: The Ultimate Guide

SPIN-selling-compressor-227111-edited.jpg

If you’re a B2B salesperson, you’ve probably heard about SPIN Sales. It’s one of the most well-known — not to mention oldest — selling systems. SPIN gives reps a research-backed framework for working and closing complex deals with extended sales processes.

You can use SPIN principles along with your current sales methodology. The strategy focuses on asking good questions in the right order, using active listening, and translating the prospect’s needs into your product’s features. (Many of SPIN’s principles align well with inbound sales.)

To help you implement the most useful tips, aspects, and templates from SPIN Selling, we’ve put together the following guide:

What is SPIN Selling?

The SPIN sales strategy comes from Neil Rackham’s 1988 classic, “Spin Selling.” It’s based on 12 years of research and 35,000 sales calls.

To win larger, consultative deals, Rackham argues salespeople must abandon traditional sales techniques. Rather than twisting their customers’ arms, they need to build value, identify needs, and ultimately, serve as a trusted advisor.

SPIN Selling Acronym

SPIN stands for the four stages of the questioning sequence:

  • S: Situation
  • P: Problem
  • I: Implication
  • N: Need-Payoff

SPIN Selling Summary

To get the full impact of Rackham’s advice, we recommend reading the entire book. Here’s the link to SPIN Selling book on Amazon.

Here’s a handy overview of the contents:

Section 1. Sales Behavior and Sales Success

  • Closing is less important than most salespeople and managers think
  • Questioning is more important than most salespeople and managers think
  • The ratio of close-ended to open-ended questions doesn’t predict selling success
  • Great reps focus on preventing, not handling, objections

Section 2. Obtaining Commitment: Closing the Sale

  • Successful closing depends on getting the right commitment
  • Reps must determine their call objectives in advance
  • There are four potential outcomes to every sales call: Order, advance, continuation, no-sales

Section 3. Customer Needs in the Major Sale

  • Implicit needs are statements about problems, issues, and areas of dissatisfaction
  • Explicit needs are specific features or functions
  • In larger sales, explicit needs are strong buying signals

Section 4. The SPIN Strategy

  • Salespeople who close at high rates tend to ask the same types of questions in the same order
  • There are four main question types: Situation, Problem, Implication, Need-Payoff
  • Each question type plays a different role in moving the buyer toward the sale

Section 5. Giving Benefits in Major Sales

  • Features and benefits are the most common ways to pitch a product to the buyer
  • Advantages are less effective later in the sales process
  • Features are more important to users than decision makers
  • Benefits have the highest influence over the purchasing decision, but only when presented near the end of the sales conversation

Section 6. Preventing Objections

  • Objections are usually created by the salesperson, not the buyer
  • The more advantages you present, the more objections you’ll receive
  • Develop needs before you offer benefits to avoid unnecessary objections

Section 7. Preliminaries: Opening the Call

  • Don’t use conventional openings, i.e. providing benefits or relating to the prospect’s personal interests
  • Get down to business quickly and establish your purpose

Section 8. Turning Theory Into Practice

  • Adopt one principle of SPIN Selling at a time to avoid getting overwhelmed
  • Practice them with smaller accounts or existing customers first

SPIN Selling Questions

Questions are the foundation of SPIN Selling. Rackham and his team found top-performing salespeople rarely, if ever, pose random, low-value questions. Not only does every question have a clear purpose, but the order in which they ask their questions is strategic, too.

The four main types of SPIN Selling questions are:

  1. Situation
  2. Problem
  3. Implication
  4. Need-Payoff

Let’s examine each type in more detail.

SPIN Situation Questions

Use Situation questions to learn where your prospects stand — from their processes and pain points to competitive plans and results. The specific questions will depend on your product; for example, if you offer leadership training for mid-level managers, you might ask, “How do you currently teach first-time managers best practices and strategies?”

If you sell office supplies, on the other hand, you might ask, “How do you purchase office supplies right now?”

Here are some sample questions you can customize for your own use:

  • What is your role at [company]?
  • How do you do X?
  • What’s your process for X?
  • Walk me through your day.
  • Do you have a strategy in place for X?
  • Who’s responsible for X?
  • How long have you done X this way?
  • Why do you do X this way?
  • How much budget do you have assigned to X?
  • Why do you do X this way?
  • How important is X to your business?
  • Who uses X most frequently? What are their objectives?
  • Which tools do you currently use to do X?
  • Who is your current vendor for X?
  • Why did you choose your current vendor for X?

Note the lack of fact-gathering questions like, “How big is your company?”, “How many locations do you have?”, “Which products do you sell?”, and so on. When Rackham published “SPIN Selling,” there wasn’t anywhere near as much information available to sellers.

Now that you can discover a long list of key details about your prospect with a quick online search, many situational questions are no longer effective. Not only do they make buyers impatient, these questions also leave less time for the most important ones. Ask as few of the questions in this category as you can — and make sure you’ve done research before the call.

SPIN Problem Questions

In this stage, reps identify potential areas of opportunity. In other words, what gap isn’t being filled? Where is the prospect dissatisfied? They may be unaware they have a problem, so delve into the common places your solution adds value.

  • How long does it take to do X?
  • How expensive is X?
  • How many people are required to achieve the necessary results?
  • What happens if you’re not successful with X?
  • Does this process ever fail?
  • Are you satisfied with your current process for X? The results?
  • How reliable is your equipment?
  • When you have issues, is it typically easy to figure out what went wrong?
  • How much effort is required to fix your tools or buy new ones?
  • Are you happy with your current supplier?

SPIN Implication Questions

Once you’ve identified an issue, figure out how serious it is. Implication questions reveal the depth and magnitude of your prospect’s pain point — simultaneously giving you valuable information for customizing your message and instilling urgency in the buyer.

According to Rackham, they should have a new appreciation for the problem by the time you’ve finished this part of the conversation.

Rackham also says top-performing salespeople ask four times as many Implication questions than their average peers.

  • What’s the productivity cost of doing X that way?
  • What could you accomplish with an extra [amount of time] each [week, month]?
  • Would your customers be [more satisfied, engaged, loyal] if you didn’t experience [problem related to X]?
  • If you didn’t experience [issue], would it be easier to achieve [primary objective]?
  • Does [issue] ever prevent you from hitting your goals in [business area]?
  • When was the last time X didn’t work?
  • How is [issue] impacting your team members?
  • Would you say [issue] is a blocker in terms of your personal career growth?
  • Would saving [amount of time] make a significant difference to your [team, budget, company]?
  • How would you use an extra [amount of money] each [week, month, quarter, year]?
  • Has a problem with X ever negatively impacted your KPIs?

SPIN Need-Payoff Questions

Need-Payoff questions encourage the prospect to explain your product’s benefits in their own words, which is far more persuasive than listening to you describe those benefits.

Essentially, you’re asking questions that surface your offering’s potential to help with their core needs or problems. These questions focus on the value, importance, or utility of the solution.

Make sure your Need-Payoff questions don’t highlight issues your product can’t solve. For instance, if you help corporate recruiting teams identify potential engineering candidates, you shouldn’t ask about the impact of hiring better marketers.

Fortunately, it’s relatively simple to develop Need-Payoff questions — they should come directly from your Implication questions.

Sample Implication question: “Has a problem with X ever prevented you from meeting a deadline?”

Sample Need-Payoff question: “If you could do X in half the time, would that make it easier to meet your deadlines?”

Customizable Need-Payoff questions include:

  • Would it help if … ?
  • Would X make it simpler to achieve [positive event]?
  • Would your team find value in … ?
  • Do you think solving [problem] would significantly impact you in Y way?
  • Is it important for your team members to see X benefit so they can take Y action?

Be careful — Need-Payoff questions can backfire. If they’re too obvious, you might come across as condescending. Try to reframe the solution in a way the buyer hasn’t previously considered.

For example, rather than asking, “Would your company benefit in saving money?”, you could ask, “Would redirecting $1,000 per week from your content creation budget and putting it into Facebook advertising drive significant traffic toward your blog?”

The 4 Stages of a SPIN Sale

Rackham says there are four basic stages of every sale:

  1. Opening (also called “preliminaries”)
  2. Investigating
  3. Demonstrating capability
  4. Obtaining commitment

Transactional salespeople often move through all four of these stages in a single sales call. However, reps working on larger, more complex deals might take two months to two years to complete them.

To help mid-market and enterprise salespeople measure their progress, Rackham uses the concept of “advances.” An advance is an action the buyer commits to that brings you closer to a purchase.

The operative word is action. It’s tempting to interpret your prospect’s request for more information or a proposal as a buying signal, but that puts the ball entirely in your court. If the buyer is actually interested, they’ll agree to do some work as well.

A continuation is a sales conversation that ends with an undesirable outcome. In other words, when you finish the call or meeting the buyer hasn’t agreed to any next steps that will advance the deal.

Example advances include the prospect reviewing your pricing page and sending you their questions, signing up for a free trial and exploring the tool, or introducing you to a key stakeholder.

Come up with as many valuable advances as possible. The more paths to the sale you have, the likelier you are to get there. When your prospect turns down one of your advances — for example, an introduction to Procurement — you can calmly accept the rejection and then propose something else.

An order is the third potential outcome of a sales call. The buyer agrees to purchase your product and shows their strong desire by signing paperwork. For large deals, this is usually the last outcome in a series of progressively larger closes.

A no-sale is the fourth (and least desirable) outcome. Your prospect rejects your request — you can’t meet with the decision maker, they won’t schedule another meeting, or at the most extreme, they say there’s no possibility you’ll work together.

SPIN Selling Opening

SPIN Selling and inbound sales take the same approach to the first, or connect, call. Reps shouldn’t immediately jump into their product’s features and benefits — not only will this overly aggressive strategy turn off prospects, but salespeople will lose the opportunity to learn valuable information.

The purpose of the connect call is to get the buyer’s attention and start to earn their trust. Lead with a compelling insight or thought-provoking question.

SPIN Selling Investigating

Investigation is the most important phase of SPIN Selling. It’s equivalent to the discovery call: You’re figuring out how your product can help the buyer, identifying their priorities and buying criteria, and gaining credibility by asking relevant, targeted, strategic questions.

According to Rackham, a strong question strategy can improve your close rate by 20%.

SPIN Selling Demonstrating Capability

Once you’ve connected the dots between your solution and the prospect’s needs, you need to prove that connection exists.

There are three basic ways to describe your product’s capabilities, Rackham says:

  1. Features
  2. Advantages
  3. Benefits

Features are most useful when selling low-cost, simple products. A feature for a cup might be, “It can hold 10 ounces of liquid.” End users tend to find features more compelling than decision makers, who care about the bottom-line results.

Advantages describe how a product’s features are actually used. Like benefits, they’re useful for smaller purchases but less persuasive with larger ones. The advantage of a cup might be, “You can use it to drink both hot and cold beverages.”

Benefits go one step further and show how a feature can help the prospect. They typically have a financial component and meet your customer’s need(s). A well-crafted benefit gives the buyer a reason to buy your product. The benefit of your cup might be, “Since you drink coffee in the morning and iced coffee in the afternoon, you’ll appreciate this mug’s versatility. Now you can enjoy both beverages with one cup.”

The FAB formula gives you another way to think about features, advantages, and benefits.

Because [product] has [feature]

[user] will be able to [advantage]

which means [prospect] will experience [benefit].

Let’s fill in this formula for a salesperson offering employee gamification software.

“Because our platform lets you set up leaderboards for your service teams, customer support reps will get a real-time overview of their performance compared to their peers. That means they’ll be motivated to raise their average satisfaction rating and respond to tickets more quickly.”

SPIN Objections

In every deal, objections are inevitable. In fact, you should worry more if you’re not getting them — that means your prospect has reservations they’re not sharing with you. Your goal is to discover why the buyer hasn’t already pulled the trigger on this purchase, then help them understand why their concerns aren’t true blockers.

(Of course, if there’s a valid reason your product isn’t a good fit, you shouldn’t persuade them otherwise.)

Rackham states there are two types of objections:

  1. Value: Your prospect isn’t convinced about your product’s ROI. They might say, “I like its features, but the cost is too high.”
  2. Capability: Your prospect doubts that your product can meet their specific needs. That translates to comments like, “I’m not sure it’ll be able to do X for us,” “That process seems like it would take more time than you say,” and “I think we need a more robust solution.”

Capability objections can be further broken down:

  1. Can’t: Your solution cannot solve one of the buyer’s main priorities
  2. Can: Your solution can solve one of their main priorities, but they don’t perceive that

It’s important to prevent as many objections as possible. The majority of objections are actually avoidable if you avoid selling too soon.

Rackham’s research revealed that reps can cut the number of objections in half by using implication and need-payoff questions to build value before presenting a solution.

In the traditional sequence, the salesperson asks a Problem question. Then they use the prospect’s answer to offer the corresponding product feature.

However, the rep usually doesn’t have enough context to truly understand what the prospect is trying to accomplish or what’s blocking her. Their generic, one-size-fits-all answer prompts the buyer to push back — and she’s probably not going to listen to any of their future suggestions.

Try the SPIN sequence instead. Ask a Problem question, probe into the consequences with Implication questions, then ask the buyer to recognize the value of a solution with a Need-Payoff question.

Modern-Day SPIN Selling

“SPIN Selling” was published more than 30 years ago. Although its core techniques and principles hold true, the typical buying journey has evolved. If you’re going to use the SPIN model, you should update it.

First, ask as few Situation and Problem questions as possible. Prospects simply don’t have the patience to do your homework for you. They don’t want you to identify the pain points they already know about — if that was the case, they’d simply buy the solution by themselves. You’re valuable because you can find opportunities or pain points your buyers don’t yet know about.

With that in mind, use thought-provoking questions such as, “Has your organization ever considered [new strategy]?”, “Do you know [surprising statistic]?”, and “Would you like some recommendations for preparing for [impending industry event]?” 

Rackham didn’t give these questions their own category, but they’re definitely useful in modern sales.

Second, incorporate social selling into your strategy. When Rackham came out with “Social Selling,” LinkedIn didn’t exist. Now you have far more insight into your buyers’ perspectives, priorities, and personalities than salespeople in the late ’80s could ever have dreamed of. Don’t let this valuable resource go to waste. Read your prospect’s profile(s), browse their group comments and any articles they’ve written or shared, check out their Recommendations section to get a feel for their work ethic, and so on. Become as familiar with each individual as you can before your kick-off sales call so you can engage them like it’s the fifth meeting, not the first.

Third, guide their buying process. As the average number of stakeholders involved in every B2B deal grows larger, and internal buying processes become more complex, your expertise gets more valuable. Prospects need you to help them purchase your product like they never have before. Come prepared with the job titles — and potentially names, if you can find them — of their coworkers who need to be informed or consulted. Tell your point of contact what their manager is going to want to know before they approve the decision, and send them materials to make their presentation more compelling. Work with your contact to anticipate and avoid roadblocks. Liaise with Procurement and/or Legal when necessary to get the deal over the finish line as quickly and easily as possible. Although Rackham didn’t give these recommendations in “SPIN Selling,” they’re one of the most effective ways to differentiate yourself in modern sales.

How are you using SPIN Selling techniques to prospect, qualify, and close? Let us know in the comments!

HubSpot CRM


Source: blog.hubspot.com/sales

5 Techniques for Hitting Your Number by the 15th of Every Month

meet-quota-middle-of-month-633889-edited.jpg

Salespeople evolve. In stage one, they’re learning the ropes. It’s usually an epic battle to make their quota every month or quarter — if they hit it at all.

In stage two, reps have developed the right systems and honed their sales skills. They’re meeting quota almost every month or quarter.

That’s where many salespeople stop. However, the elite reps keep evolving. They make it to stage three — hitting their targets by the 15th of every month.

If you’re still in stage one, I suggest bookmarking this post and coming back to it when you’re consistently meeting quota. The processes and techniques I’m going to share are highly sophisticated, so they won’t work unless you’re ready for them.

Let’s dive in.

1) Create a Long-Term Plan

Salespeople who want to hit 100% of their quota by the 15th of the month need to take a long-term perspective.

Bill Belichick, the coach of the New England Patriots, is a great example of this. He’s not managing game to game or week to week, He’s managing year to year.

Rather than thinking How can I make my number this month or quarter?, focus on meeting your yearly targets.

I recommend mapping out your entire year. Start with your annual objective, then work backward to create monthly objectives for expected revenue, number of new customers, and/or total sales volume.

Don’t forget to factor in any vacations you’re planning on taking, national holidays, and seasonal demand.

For example, if sales heat up in the spring and fall off in the summer, you’d want to set more aggressive goals for March, April, and May, and smaller ones for June, July, and August.

This process will help you stay consistent no matter what time of year it is or what’s happening in your buyer’s world.

2) Prospect, Prospect, Prospect

What are you doing on the last day of the month? According to HubSpot sales manager Sam Moorhead, you should be spending just as much time prospecting as you spend on the first day of the month — if not more time.

“If you want to set yourself up for success the next month, you need to set up new opportunities,” he says. “The best salespeople I know have already hit their quota by the last day and are using it as a huge prospecting blitz.”

While many reps devote the entire last day to work on existing deals, Moorhead believes they’re being inefficient.

“We waste a lot of time thinking through and agonizing over these deals, but we’re not actually moving the dial forward,” he explains.

The takeaway: Block out 50% of the last day of the month for emailing new buyers, asking for referrals, looking for potential contacts on LinkedIn, seeing if you have any old prospects ready to be reengaged, etc.

3) Create Authentic Urgency

Unfortunately, we’ve taught prospects they’ll get a better deal if they wait until the end of the month, says HubSpot senior sales manager Greg Brown.

That makes it difficult to close deals at the beginning or middle of the month.

Brown advises salespeople to create urgency around their prospects’ goals, so they’re incentivized to buy as soon as possible.

“Find out when they need to have a solution up and running,” he says. “Not when they buy the product — but when it’s actually in place. Then work backward.”

Here’s a soundbite:

“You need the platform for a conference on September 15, and you’re sending promo materials 45 days ahead of time — August 1. It takes 30 to 45 days to get set up, so we’d need to finalize the agreement by June 17.” 

Once you’ve set a deadline that has nothing to do with discounting, it’ll be much easier to bring deals earlier.

4) Re-Set Discount Expectations

What if you sense your prospect is still holding out for an eleventh-hour price cut? Reset their expectations around discounts.

Brown suggests these statements:

  • There’s a limited number of discounts I can give. If we get this done by [agreed-upon date], I’ll have more flexibility with pricing.
  • We’re working toward a deadline of [agreed-upon date]. Luckily, I have more discounting power earlier in the month, so I should be able to accommodate your budget.
  • To be fully transparent with you, I have less pricing flexibility later in the month. My manager has cracked down on end-of-month discounting.

Of course, you should never lie to your prospect. If they find out from another buyer that you’ve misrepresented your power to discount, they’ll be understandably pissed.

5) Prioritize Your Time

With this strategy, you don’t have any time for prospects who are still in the awareness stage of their buyer’s journey. You should be focusing on opportunities that are highly likely to close in the near future.

When you come across someone who’s still researching their problem and the solution, direct them to the right resources and say, “I’m the right person to talk to when you’re ready. Please call me when you’re closer to a decision.”

You can also offer to periodically drop them an email if you find something relevant to their situation or company. This will keep you top-of-mind and position you as a trusted advisor — so when they are further down the funnel, you’ll be the first rep they’ll call.

I use this technique to help buyers and keep my future pipeline full without taking my eyes off the ball.

One last word of advice: Don’t sandbag. If you’ve hit 100% of your quota by the middle of the month, you might be tempted to postpone any hot deals until the next month. But this isn’t the right mentality. Time kills deals — so if the customer is ready to buy, don’t delay no matter what day it is.

With these strategies, you can consistently make your quota with half the month left.

Free Sales Training from HubSpot Academy


Source: blog.hubspot.com/sales

Announcing The Real Deal of Sales: A New Video Show With Keenan, A Sales Guy

introducing-real-deal-of-sales-compressor-491548-edited.jpg

Let’s get real: Sales is freaking hard! It takes a lot to be a great salesperson, but most people don’t understand that. In fact, sales is probably one of the most misunderstood jobs.

But we get it. We understand the pain and the hustle and we want you to know something: You are not alone, my friend.

There are so many salespeople out there who deal with the same challenges and we want you to get to know their stories. That’s why we joined forces with Jim Keenan, the creator of A Sales Guy, to bring you The Real Deal of Sales, a brand-new video show featuring real sales stories from real salespeople.

Subscribe here to get a notification every time we release a new episode.

Meet the host

The Real Deal of Sales is all about keeping it real. So the host of the show had to be someone who loves to ask difficult questions and who’s not afraid to call out the elephant in the room. Some mad energy and a bold, but friendly style were also welcomed.

Given the requirements, the role fit Keenan like a glove (to say the least).  

Keenan Quote 1 The Real Deal of Sales.png

“#TheRealDealofSales was built to pay homage to the people who are doing the sales grind every day”- @keenan http://hubs.ly/H07gHTN0 Click to Tweet

If this is the first time you’ve heard about him, here’s a proper introduction. Keenan’s been “selling something to someone for his entire life” so he knows first-hand what’s it like “in the real world.” More importantly, he has been influencing, learning from and shaping the world of sales for a long, long time.

There aren’t many people in the world who are as passionate about sales and salespeople as Keenan.

You get it why we’re very pumped to have him as the host of our show.

Who is this show for?

The Real Deal of Sales is for everyone who hustles every day, trying to crush their numbers and hit their quota. Whether you’re new to the sales profession or you’ve been here for some time — there’s something for everybody. 

Keenan Quote 2 The Real Deal of Sales.png

“It takes a special badass to truly be a good salesperson”- @keenan #TheRealDealofSales http://hubs.ly/H07gHTN0 Click to Tweet

Keenan will be interviewing salespeople of all types, from BDRs to VPs of Sales, giving everyone a voice.

Which brings me to the best part.

What topics will they cover?

The purpose of the series is to show you what sales is really all about. That’s why we’re planning to talk to salespeople about some of the hottest topics in the business, like:

  • What they love about sales
  • What they hate about it
  • How they got into this profession in the first place
  • Their “secret sauce”
  • Their biggest mistake or most embarrassing moment
  • The most difficult part of their job

Check out the first episode: What is the Hardest Part of Sales?

Each episode will cover a different topic, but one thing will stay the same: Keenan will be keeping it real. His straightforward interviews will help you see what it really takes to be a great salesperson. His job is to dig out their stories and share them with you, every week.

Want to share your thoughts or ask Keenan a question? Tweet him at #TheRealDealofSales! 


Source: blog.hubspot.com/sales

The Secrets of Using DISC to Close More Deals

use-disc-in-selling-compressor-680515-edited.jpg

There’s a subtle, debilitating disease that affects almost everyone in sales. It can go unnoticed for weeks, months, or even years.

“Autopilot sales mode”: Doing the same tasks day after day leads to autopilot, or the tendency to act without conscious thought.

For example, many salespeople have outgoing, talkative, emotional, enthusiastic personalities. And they sell in a way that feels most “natural” to them. Every time they get on a call, they sell in a way that they would like to be sold to without thinking twice about it. Most salespeople don’t think about why they’re saying what they’re saying.

An outgoing, emotional personality is great when you’re selling to a decision maker who also has that personality. But what if your customers are more reserved or analytical? What if they’re less willing to take risk or are less optimistic?

In situations like this, going on “autopilot sales mode” can cripple your close rate.

The best salespeople modify their script to their audience members based on their personality. They understand the same tone and delivery style won’t always work for two different customers. They know different types of customers need different buying experiences.

One framework you can use to adapt yourself to your audience is the taking a sales-based DISC personality assessment. (No time to delve into this today, but chat with us here if you’ve questions.)

By understanding which DISC archetype most closely matches you and your prospect, you’ll know which strategy and presentation style to use.

In this post, I’ll show you how you can grow your sales by using the DISC framework.

Identify DISC Type

The first step in figuring out how to adapt sales presentation to your customers is first understanding your own personality type.

DISC is broken down into four archetypes: Dominance, Influence, Steadiness, and Compliance.

  • “Dominant” (D) people prioritize results over everything else. They care most about their bottom line and are very direct in their communication.
  • “Influential” (I) people care most about influencing or persuading others. They put a lot of weight on their relationships.
  • “Steady” (S) people emphasize security. They look for sincerity and dependability over anything else.
  • “Compliant” (C) people want as much information as possible about your product or service. They value quality and accuracy and are afraid of making the wrong move.

Aside from taking a DISC assessment test, you can figure out your own profile by thinking about your behavior in different situations. For example:

  • Dominant people are highly driven and ambitious, with anger being their driving emotion. They’re also extroverted, task-oriented, and occasionally impatient.
  • Influential people aren’t afraid of being the center of attention. If you’re the Influential type, you’re probably enthusiastic about what you do, talkative, and extroverted.
  • Steady people are frequently reserved or non-emotional. These people crave security, are resistant to change, and prefer working on one or two tasks instead of several.
  • Compliant people are very accurate, precise, and detail-oriented. They’re naturally cautious and rely on calculated data-backed decisions rather than gut feelings.

Once you figure out your own DISC profile, you’ll have a good sense of your strengths and weaknesses when it comes to selling to other personality types.

Most salespeople naturally sell to their own personality type instead of thinking about the personality of their customers.

For example, if you have a high “D” personality, you might become impatient with someone who’s an “S” who prefers to take an interaction more slowly. If you’re an “S” selling to a “D”, you might get turned off by their direct and confrontational approach.

If you’re an “I” and you’re selling to a potential customer who’s a “C,” you might try to sell to their emotions or feelings when they want facts and data.

Here are some behavioral and body language clues you can use to quickly figure out the personality of your customers:

  • HIgh “D” people typically move fast and always on the go. They’ll talk with their hands, using big gestures. They’re not enthusiastic about small talk. Sometimes, they can give the impression that they’re rude or hard to deal with.
  • High “I” people are typically trusting and optimistic. They use lots of facial expressions and hand gestures while they talk.
  • High “S” people tend to keep “poker” faces and don’t display much emotion. They’ll talk and walk with a steady, easy pace.
  • High “C” people will ask direct, detailed questions. Their classic body language is having their arms folded, with a hand on their chin.

Here’s an infographic that shows the communication styles of different personalities:

fourLetter Selling DISC.png

You can figure out the main personality type of your potential customers within the first few minutes of an interaction based on how they respond to small talk, the first questions they ask you, and their body language.

Adapt Your Selling Style to Your Buyer’s DISC Type

Once you’re aware of your personality type and know how to identify the personality types of your customers, you can adapt your sales techniques to resonate with them.

Here are some tactical ideas on how to do that for each personality type:

Dominant

If you’re selling to a high “D” customer, show you respect their views and requirements without making them feel like you’re simply agreeing to whatever they say. They’ll view that as a sign of weakness.

You should also avoid focusing on them personally, and stick to the facts at hand.

Dominant people are strongly influenced by other people who they perceive as having high status or power. When possible, use testimonials from well-known people in your industry.

Influential

“I” personalities like to talk about their ideas and emotions, so ask them what they’re thinking and feeling. Let them vocalize what’s working and what’s not.

They can also be disorganized and avoid details, so providing summaries or takeaways of what you discussed can help them focus on what you want them to focus on. But only include details that are absolutely necessary.

Steadiness

People with high “S” personalities are even-tempered, composed, and good at listening. Show them you’re interested in who they are as a person, and don’t let your sales pitch feel too “transactional.” Make it clear you value the relationship.

If you focus too much on facts and numbers, you’ll risk coming off as impersonal.

Compliant

People with high “C” personalities like having as much information as possible. Give them the information from your verbal pitch again in writing. Knowing they can review all the documents later and make an informed decision puts “C” people at ease.

Having a detailed pros and cons list in your proposal can also help them make a decision.

Compliant people are very afraid of making the wrong decision, so offering some type of guarantee or refund can help ease their worry.

Many salespeople sell in a way that feels most “natural” to them, which usually means selling to their own personality type. That’s why most pitches tend to have inconsistent results.

If you’re able to adapt your pitch on the fly to the personality of your customer, you’ll consistently exceed your quota.

May the sales be with you.

Want a visual guide to using DISC to sell? Download this handy resource.

HubSpot CRM


Source: blog.hubspot.com/sales