|
The Sales Plateau
The Three Problems that lead to the Sales Plateau.
Problem #1: The January Motivational Sales
Meeting
Problem #2: Management's solution to existing
sales constraints is often counter-productive
Problem #3: Management starts the search for
the next Superstar
Problem #1: The January Motivational Sales Meeting
Business Owners, Presidents and Sales Managers often begin each year by scheduling sales meetings. These meetings consist of laying out management's plan that is frequently not a plan at all. The plan is often an expectation of increases in sales goals requiring sales people to step up their game.
Establishing new quotas without a real course of action and agreed upon plan is simply a recipe for disaster.
This plan however is often presented without a MAP - a Measurable Assistance Plan that facilitates expected goals. A Measurable Assistance Plan is analogous to a map used when traveling cross-country. Without a MAP (Measurable Assistance Plan) we often get the opposite of what we hoped for. The optimism and excitement expressed in January begins to fade quickly and is replaced by excuses and complacency. The sales team goes from wanting to move mountains... to hoping to meet quota!
Problem #2: Management's solution to existing sales constraints is often counter-productive
Business Owners, Presidents and Sales Managers often succumb to the complaints of the sales team. Management accepts the excuse that their sales people have no leads, or no one to call. But instead of dealing with the root cause of the problem (they are not closing the leads that they have now) they compound the problem by investing more into advertising deteriorating existing margins. This mistake erodes the corporate bottom line and ties up money that can be channeled into other areas to increase ROI. In this scenario the focus should have been on improving existing closing ratios. Click here To learn how to overcome this and other sales
obstacles call 1-866-515-0794
Problem # 3: Management starts the search for the next
Superstar
Business Owners, Presidents and Sales Managers
once again dramatically reduce their margins by making mistake
number three - often their biggest anchor to gaining the traction
necessary to get to the next level. Opposed to solidifying
their core sales team by training them, changing them and
providing them with the necessary tools to become more
effective, they decide to compound the problem by hiring more
superstars.
Often when speaking with Presidents, Business Owners and Sales
Directors we hear a common theme. When ask about the overall
effectiveness of their sales team with regard to new business
development and they typically respond with. "Well, I guess if I
were to rate my team for developing new business, I would say
they are not bad, they are about a 6 out of 10."
Let's look at this situation for a moment. Sixty percent
effective! Are you paying out 60% of their salary,
auto expense, advertising and marketing dollars or 60%
of their benefits? You are investing 100% of your time and money into an employee who is only delivering a 60%
return on investment!
Opposed to implementing a
consistent sales process to maximize performance for this stellar
group of 60 per-centers, management decides to deteriorate their
margins by compounding the problem - they simply rely on
the same hiring criteria used to hire the current group of 60
per-centers, in order to locate their next sales superstar!
Remember something; you thought the
current group of 60 per-centers were superstars when you hired
them as well, right?
For more assistance on hiring call 1-866-515-0794 or click here to contact Peak
Performance.
...As human beings we
acclimate This is analogous to
investing in a top performing race horse who currently has a great record. However
the race track this horse is expected to run on has holes
throughout the course. Might this horse slow down? Might this
horse eventually get hurt? Improving the condition of your track
increases the effectiveness of your current team and provides a
solid foundation for new recruits.
To learn more about the root cause of sales problems and how to
overcome them please call 1-866-515-0794 or Click here to Request Information
|