Sales POP - Purveyors of Propserity
Year-end Race: Where Will You End Up in 2016?

Year-end Race: Where Will You End Up in 2016?

Sales can be viewed as a series of races that end December 31st and start the very next day. This is a time of the year as the end of Q3 approaches that many salespeople assess whether they can make their number this year or should slow some opportunities down to get off to a fast start in 2017.

As a sales manager, most of my sellers hit the accelerator hard as needed. In other words, they treated a year as a series of sprints that were needed when pipelines were thin. I was usually fortunate to have some steady performers that viewed the year like a marathon and set the pace that yielded more consistent results and far less drama.

As there are 26 milestones in a marathon, these sellers broke the year into 12 parts. I wish I had the wisdom back then to encourage all of my staff to look a sales cycle ahead to evaluate whether their pipelines were sufficient to deliver the numbers needed for them to be YTD against quota or better. A steady approach is less stressful and reduces the peaks and valleys that otherwise occur.

Let’s say you “sprint” the last few months of 2016. The best scenario is that you make your number this year but find 2017 is effectively a 10-month year because you had to close most everything that was in your pipeline. Sprinting and coming up short is the worst-case scenario.

In December some of the most optimistic people are sellers that are below 50% YTD of quota, but confident they can close more than half of their business in the last 30 days of the year. I’ve seen sellers, districts, regions and entire companies manufacture ways that they can make their numbers. It’s in sellers’ DNA to sprint to the finish regardless of how far behind they are 90+% into a race.

We could all use less stress in our business and personal lives. I encourage sellers to make a New Years resolution as of October 1st (assuming you have an average 90 day sales cycle) to build pipeline every month. Rather than rely upon inbound leads that are non-Key Players, do some proactive business development to targeted accounts and titles. I’d venture to say if sellers tried to contact two prospects a day, they would be on their way to more steady performance. Make 2017 a better year by making these changes NOW.

Sales Process: Real-World Examples

Sales Process: Real-World Examples

Real world Examples of Effective Sales Process Implementation

Numerous forward-thinking companies have discovered the vital necessity of having and using a sales process.

That is: isolating, understanding and establishing as policy the precise steps of a sale, from prospect to close. Without it, sales reps may be skipping vital steps and missing sales and management has no way to forecast. Using it, the entire company operates as a team and enables smooth and scalable expansion.

How does a sales process—also known as pipeline management—affect a company’s overall sales?

A 2012 study by CSO Insights found that companies with workable sales processes had higher numbers of reps making quotas, higher percentages of company target attainments, reached a higher percentage of forecasted sales, and had lower sales turnover. The study also found that companies with a higher degree of established sales processes had more meaningful relationships with their clients and had a far better chance of becoming trusted partners as opposed to simply suppliers:


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