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Injecting Culture and Creativity into Business

Business culture is something fundamental to an organization, or a group of people within that organization. Companies talk a lot about “business culture” and attempt to create cultural innovations that drive the organization forward. However, it’s not always done correctly, and there is such a thing as too much innovation. Andrew Grant, interviewed by John Golden, discusses more.

This expert sales interview explores business culture:

  • Explaining culture
  • Defining exploration culture
  • Understanding the paradox theory
  • The preservation theory

What is Culture?

Underlying every group, whether it is a country, a company, a marriage, a family, or your surfing friends, is a culture. Sometimes this culture can be a bit gimmicky, with everyone in the organization wearing Hawaiian shirts or the color red, and the culture can also be abused. But ultimately, culture is the glue that holds the group together. Business culture dictates your daily decisions. A value statement will dictate if you put money over people, your brand over your reputation, and so forth. Culture is so influential to a company, and whether they move forward successfully or unsuccessfully. It is a set of values, either unwritten or explicitly written that people will adhere to. Sometimes these values are organic, that a group has developed over time but has never written them down or analyzed them. Or, they could be very developed, well studied, documented, and dogmatic in approach.

Exploration Culture:

In this day in age, we often associate company innovation with the trendy silicon valley companies that preach exploration. Their culture is founded on things such as freedom, openness, group engagement, and flexibility. They are the key things that companies over the years have said are important, and have been integrated more and more into organizations as the trend continues. This is called an exploration culture. It is focused on continually exploring and pushing boundaries. This certainly is innovative, and some cultures have seen some success with this model. However, in this case, there is too much of a good thing.

The Paradox Theory

If you embrace the freedom, openness, group engagement, and flexibility too much, there is the potential for disaster. Too much freedom leads to chaos. Too much openness leads to lack of direction. Too much group engagement leads to blind conformity. Too much flexibility leads to a lack of reality. “The typical research that comes out of the innovations of the exploration model is that yes, let’s all be explored and run down that side of the road, but there is a danger of the going off the runway and into the danger zone,” said Grant. If we were to embrace that more contemporary research on exploration, you might end up with an innovative company, sure, but it won’t be sustainable.

The Preservation Theory:

There is a way to create an innovative, explorative culture that also promotes sustainability. “If you just go down the exploration side of the road, you’ll get fast innovation, but it won’t be sustainable,” said Grant. Instead, create a balance. Balance freedom with control. To balance out openness, use focus. Balance group engagement with the freedom to feel like an individual. To balance flexibility, we need stability. This is a preservation theory that allows for an organization to achieve innovation in a contained and controlled way to create a well-balanced culture.

For more information on how to create an innovative business culture, watch the full expert sales interview.

About our Host:

John is the Amazon bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.

Pipeliner CRM empowers companies to sell with full creativity. Get your free trial of Pipeliner CRM now.

Panel Discussion: Make 2018 Your Best Sales Year Yet

Sales Experts Advice and Tips

MUST WATCH PANEL DISCUSSION[icon name=”binoculars” class=”” unprefixed_class=””]

According to many experts, we’re in an economic upswing. In addition to a great economy, what is needed to make 2018 your best sales year yet? What skills do you need? What insight do you need into today’s sales landscape? What process changes might be on the horizon for buyers and sellers? Join us as our panel of experts, along with host John Golden, explore the factors needed for an outstanding sales year.

 

Julie Hansen helps salespeople craft and deliver presentations that engage and persuade today’s busy decision-makers. Julie is the author of Sales Presentations for Dummies and Act Like a Sales Pro! She is the founder of Performance Sales and Training, offering sales presentation workshops.

James MuirJames Muir is a keynote speaker and Best-Selling author of The Perfect Close: The Secret to Closing Sales that teaches a simple approach to close more opportunities while remaining genuinely authentic. Those interested in learning a method of closing that is zero pressure can reach him at PureMuir.com.

Joe MicallefJoe Micallef is an award-winning sales expert with over 25 years of business and sales leadership experience in Australia, Canada and the USA. This valuable global experience has ideally positioned Joe to share insights on universal best practices for achieving sales success.

What is Sales Target?

Understanding Sales Target Definition

Many sales organizations are using sales pipeline methodology to track their sales process. Sales pipeline is a visual representation of your sales process where all your potential customers are displayed and arranged according to their phase in your sales cycle.

Each sales opportunity or sales deal has its own unit value that is calculated into the target. A sales target is a sales tool that enables you to easily measure and estimate your opportunity contribution to your sales goal.

5 Essential Sales Target Types

#1. Unweighted Sales Target

The unweighted target is the sum of all opportunity values in the pipeline, but is an inaccurate view of the actual business. It does not take into consideration any potential deals that are lost during the process. Meaning you would need a 100% closing rate for all of your opportunities.

#2. Weighted Sales Target

The dynamic target calculating the weighted value—the sum of all opportunity values according to its sales step probability of closure. It’s the most objective target that takes into consideration the opportunities you lost during the process.

#3. Ranked Sales Target

This is a personal-based target and it’s related to the individual sales rep preferences and experiences with the customer. The ranked target is the estimate of each individual sales rep as to their chances of winning a specific opportunity.

#4. Balanced Sales Target

This is the most conservative target type. A target calculating the sum of all opportunities values according to the sales step probability of closure, and the subjective ranking of the opportunity itself. It does take into the consideration the lost opportunities and your sales reps individual preference toward the deals. This is the target you should be focusing on.

#5. Real Target or Revenue

Or achieved target calculating the sum of all won opportunity values within a given target range. This is actually the revenue your sales team achieved over specific period of time.

How to Efficiently Track Sales Targets

sales targets let you effectively track your sales pipeline opportunities. However, at the beginning you need set your sales goal, right! One thing is to understand the “weight” of your pipeline and second one is to achieve your goal target.

A sales goal is a special freely modifiable time-based value towards which sales force is headed. Once, you setup your goal and start filling your sales pipeline with potential customers, you can easily track your goals at all times.

Pipeliner is a sales CRM that helps you track deals, manage activities and get things done. 

Learn more about sales targets here. 

CRM and Sales Process

A CRM is an interface between an enterprise and its market. Its effectiveness can spell the difference between a business’s success and failure.

A vital basic element of a CRM is the sales process. Without an established sales process—pipeline management—a CRM will never deliver its full potential.

Establishing the Sales Process

Evolution of the sales process is often arrived at by consultation with the most experienced and successful sales reps, summating each of their successful actions that lead to closes.

This series of actions then becomes a path for all salespeople to follow, and always leads to higher close rates and improved company viability.

A sales process should also be flexible so that steps that prove to be unnecessary can be removed, and important stages initially left out can be inserted.

The pipeline must be able to change to reflect a dynamic market, and factors external to the company.

Adapting CRM

CRM Process Management and the pipeline must be as closely integrated as possible. If they are not, it leads to wasted salesperson time as well as potentially lost information vital to a sale.

When a CRM successfully tracks a sales pipeline:

  • Sales reps are able to input data into the correct steps of the sales process.
  • Other reps can come along, where needed, and pick up sales of their colleagues.
  • Finance executives are enabled to make accurate forecasts for all stakeholders.

CRM-pipeline integration makes it far easier for sales management to analyze past and present sales, and accurately forecast future sales.

Personnel Management

Management of sales personnel must accurately reflect ongoing activity so that productive sales reps are not disciplined and removed, while this not actually carrying their weight are promoted.

The right CRM will quickly show you who your closers are, who needs some assistance to succeed and who should be working in another department. With the right sales process you will be “making the right call.”

Make sure your CRM and sales process are full integrated—and take your sales through the roof.

Pipeliner is a sales CRM that helps you track deals, manage activities and get things done.

#SalesChats: How to Really Open Doors with Caryn Kopp

Door Opening that actually opens doors!
#SalesChats: Episode 46

Door opening is very important for almost every business out there. It means that you are creating new relationships with people you don’t know and discussing the possibility of working together. Caryn Kopp discusses how to really open doors in this #SalesChat, hosted by John Golden and Martha Neumeister.

Kopp explains:

• The necessity of people to cling to their current contacts as opposed to working at creating new relationships
• The importance of targeting prospects at the right level in order to get connected with the people who can make concrete decisions
• If you don’t have the desire to network with people and create new contacts, or aren’t willing to do the job, it can be boring and tedious
• The skills required in order to be a good door opener, including listening, focus, and speaking succinctly with intent
• The kinds of messages that will get prospects to listen to you
• How to overcome objections: pre-think, prepare, and practice
• The tendency for salespeople to neglect preparation, and the importance of scheduling practice time
• The downside of qualifying success based on the quantity of leads and prospects, versus quality of leads and prospects
• Consider outside resources
• Remember that your prospects are people that need help

Our Guest

Caryn Kopp

Caryn Kopp

Caryn Kopp is the Chief Door Opener® at Kopp Consulting whose Door Opener® Service has helped thousands secure business meetings with high level decision makers. Caryn is a best-selling author, nationally recognized speaker, and an expert in Business Development.

Links › koppconsultingusa.com | twitter.com | linkedin.com

Our Hosts

John Golden

John is the Amazon bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.

Martha Neumeister

Martha is social media strategist, responsible for all social media platforms of Pipeliner CRM. She is a communication expert with social media affinity, which she has been focusing on throughout her professional career. She has a bachelor´s degree in Entrepreneurship & Management and a master´s degree in Online Marketing which supports her in her career as Social Media Strategist.

About SalesChats

SalesChats is a fast-paced (no more than 30 minutes) multi-media series that provides leading strategies, tactics and thinking for sales professionals worldwide. It can be found on Twitter (#SalesChats), as a live Google+ Hangout, and as a podcast available on iTunes, SoundCloud and right here on SalesPOP! If you think you would make a great guest for #SalesChats, please contact co-host Martha Neumeister.

SalesChats is co-hosted by John Golden, CSO Pipeliner CRM, and Martha Neumeister, Social Media Strategist Pipeliner CRM.

Amazing New Study on Buyer Behavior

Sales prospecting is a term that generally makes salespeople break out in a cold sweat. But it doesn’t have to be that way. A new study conducted sheds some light on sales prospecting that might help salespeople this year. Mike Schultz, interviewed by John Golden, explains this study on buyer behavior.

This expert sales interview explores buyer behavior:

  • A general explanation of the study
  • Buyer tactics
  • The myths behind prospecting

Study of Buyer Behavior:

“We wanted to know what it’s like for buyers who are sold to every day. What is their experience like? Do they give people meetings if they’ve never met them before? And if so, what does it take for the seller to secure a meeting? If they dismiss a sale, what was it that made the buyer not want to work with the seller?” said Schultz. A study was conducted with 488 buyers, making up a total of 4.2 billion dollars in buying power, as well as 498 sellers to answer some of these questions.

Buyers:

Buyers want to hear from sellers, and they want to understand early on. There’s a myth that buyers won’t contact you until they’re far along in the sales process, or that so much buying is done digitally that it’s not worthwhile to make contact with a salesperson. But this study found contrary results. 82% of all buyers took meetings from sellers who reached out when the conditions were right. Of this 82%, 71% of buyers wanted to hear from sellers when they’re looking for new ideas or possibilities to help improve their results. 62% said they reach out or take meetings when they’re actively looking for a solution to fix or solve a problem. Both of these scenarios indicate that buyers want to be communicated with early, which highlights the benefit of prospecting. “The buyers are there, they’re waiting for you to reach out, and if you reach out in the right ways they’ll take meetings with you,” said Schultz. “It’s just that sellers aren’t actually doing that.”

The Myth of Prospecting:

A lot of sellers have done away with prospecting, stating that it doesn’t work, it’s impossible to get through to buyers, and that it is a waste of time. But this isn’t reality. The study on buyer behavior showed that buyers were receptive and took meetings with sellers through prospecting if they needed the product or service, and if they had the budget for it. But, sellers can influence those things. “If you have something that buyers want, and a lot of us are, but the buyers don’t know the impact that this thing could have, you can introduce them to this idea that they need what you have. You can show them how they can achieve their goal with the product or service you’re providing,” said Schultz. To think that prospecting isn’t a worthwhile task means losing out on selling opportunities.

To learn more about this study and get insights into how to improve sales prospecting, watch the expert sales interview.

About our Host:

John is the Amazon bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.

Pipeliner CRM empowers sellers to precisely track buyer behavior. Get your free trial of Pipeliner CRM now.

The Serious Advantages of Online Sales Training

It’s a common idea that sales training can’t be done online. While this isn’t necessarily true, it is a caution well taken. Richard Ruff, Ph.D., interviewed by John Golden, explores the positives and negatives of online sales training.

This expert sales interview discusses online sales training

  • Old versus new online training
  • The importance of going digital
  • How to save time and money on training
  • Integrating coaching
  • An online sales training description

Old vs. New:

The online training that you do today, because of technology, can be different than the online training of yesterday. The online training of yesterday was very awkward. It was often filmed actors portraying general scenarios. It was difficult to customize and difficult to edit. Today, with the advances in avatar software, the game has changed. You can use this software, and customize whatever training you want to do for each client. This is especially important for complex sales, not to mention faster and cheaper overall.

Go Digital:

These days, more and more salespeople are working remotely. They don’t travel to meet the customer, rather they operate online and make sales over the phone or internet. And yet, a lot of sales training still focus on how to sell face to face. Being able to do online sales training actually helps salespeople sell online.

Save Time and Money:

One of the massive benefits of online sales training is that, for larger companies especially, it can be nearly impossible to do in-person training when you have a thousand employees to train. “People are familiar with the technology and feel comfortable operating in that environment,” said Ruff. “And, you have a shot at actually doing it from a price perspective, and a time perspective.” You don’t have to waste valuable time and fiscal resources trying to coordinate travel, organize an event, and put on a training. Things like that eat up cost and waste everyone’s time.

The Coaching Component:

If you look at coaching, everyone buys the idea and understands the importance of coaching. But, the reason why training isn’t done as much as it should be is often because of time. “If you think you can do skill coaching once a month, it’s just not going to work. With online training, you have to have an integrated coaching component, and you have to do the coaching online, or you’ll probably run out of time.”

What does it look like?

So, what exactly does an online training experience look like? They’re usually videos that are designed by an avatar based software package, rather than using live actors. The curriculum varies, but it usually starts with a fundamental topic that is broken down into more basic skills. “It looks at the best practices that we know are absolutely true across industries,” said Ruff. “It’s not, at this point in the evolution of history, that we don’t know what the right answer is. We fully do. So, it’s an issue of how can we help people to get the best practices and develop a common language, and develop the skills to execute that. All online learning does is provide the knowledge.”

For more information on the benefits and how to best utilize online sales training, watch the full expert sales interview!

About our Host:

John is the Amazon bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.

Pipeliner CRM empowers online sales training. Get your free trial of Pipeliner CRM now.

#SalesChats: Sales Metrics that Matter, with Jason Jordan

Sales Metrics that Matter in 2018
#SalesChats: Episode 45

Most organizations measure and examine sales metrics. But if a company isn’t tracking the right metrics, or using the metrics incorrectly, it can create complications and make it difficult to improve. Jason Jordan discusses sales metrics that matter in this #SalesChat, hosted by John Golden and Martha Neumeister.

Jordan explains:

• The specific metrics to look at when examining sales measurement and getting your team focused on the right things
• The importance of narrowing down the metrics you utilize
• Limiting the reporting and focus on the things that are important for better sales performance
• Stop focusing on what happened, and start examining what you can do to move forward so you don’t repeat the same problems
• Be focused on the right things that sales reps are doing, instead of the bad things they are doing
• How to look at the metrics and use that information to improve results
• Pinpoint what you want to change, the behavior, or the outcome, and then explore different ways to best help make these changes
• The best ways to enact change using the frontline sales managers
• How to collaborate on creating an outcome
• Survey the sales people regularly and explore if they get the right coaching from their sales managers; place metrics around sales managers
• The fallacy that successful salespeople will become successful sales managers

Our Guest

Jason Jordan

Jason Jordan

Jason is a recognized thought leader in business-to-business selling and conducts ongoing research into the management best practices of world-class sales forces. Jason’s extensive research into sales performance led to the breakthrough insights published in the book, Cracking the Sales Management Code (McGraw-Hill, 2012). For 20 years, Jason has worked internationally in industries such as technology, manufacturing, distribution, financial services, telecommunications, consumer products, health care, and hospitality. As a popular speaker and writer, he is a frequent contributor to the Sales Management Association, Harvard Business Review, Sales & Marketing Management, Forbes, Entrepreneur, Salesforce.com, and other industry groups.

Links › vantagepointperformance.com | twitter.com | linkedin.com

Our Hosts

John Golden

John is the Amazon bestselling author of Winning the Battle for Sales: Lessons on Closing Every Deal from the World’s Greatest Military Victories and Social Upheaval: How to Win at Social Selling. A globally acknowledged Sales & Marketing thought leader, speaker, and strategist. He is CSMO at Pipeliner CRM. In his spare time, John is an avid Martial Artist.

Martha Neumeister

Martha is social media strategist, responsible for all social media platforms of Pipeliner CRM. She is a communication expert with social media affinity, which she has been focusing on throughout her professional career. She has a bachelor´s degree in Entrepreneurship & Management and a master´s degree in Online Marketing which supports her in her career as Social Media Strategist.

About SalesChats

SalesChats is a fast-paced (no more than 30 minutes) multi-media series that provides leading strategies, tactics and thinking for sales professionals worldwide. It can be found on Twitter (#SalesChats), as a live Google+ Hangout, and as a podcast available on iTunes, SoundCloud and right here on SalesPOP! If you think you would make a great guest for #SalesChats, please contact co-host Martha Neumeister.

SalesChats is co-hosted by John Golden, CSO Pipeliner CRM, and Martha Neumeister, Social Media Strategist Pipeliner CRM.

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