Working with newly-promoted sales managers may be my very favorite thing. Maybe that’s because the pain I remember in their position is still a bit fresh (albeit over 20 years old…)
The transition from rep to manager is tough. It’s also risky for both the company and the new manager. Companies lose top-performing reps and serial high-achievers sign on to feel NOT successful for a good six months. I’ve seen some sad stories of new managers flailing, flat-lining growth, or simply quitting in their first year. It’s sad for the manager and it’s a double loss for the company. They lose a manager AND top performer.
So how do we support and develop new sales managers to help them feel more successful sooner?
1. Talk in detail about the expectations of the new job.
Top reps are competitive, self-centered, and aggressive (said with love, folks). Margaret Arakawa said it best in a panel once. I paraphrase, “Moving from top rep to manager is like leaving the role of the lead actress on stage to become an executive producer.”
Most new managers talk to me about their utter disappointment in their first year. Not with the job (exclusively) but with their team. They aren’t used to relating to reps who aren’t as dedicated and passionate as they were. Help them see that this is normal and talk about strategies for dealing with the frustration.
Ultimately the buck stops with them and their success is getting the most consistent and high-level performance from these people. Set some expectations! For example, talk about how a sales manager’s success is judged not just by the number but also by:
Reduced time for new hires to hit quota
Percent of the entire team to quota – not just overall percent
Reduced attrition
Rep promotions
Each of these requires a focus on the people, their success, and their development. Sure we want managers focused on the “W,” but it needs to be a Team W, not their personal commission check. Hearing this advice from a leader they respect can help them focus on the right things early and find new ways to get daily wins.
3. Go beyond HR
If you’re lucky, managers have access to some generic management skills about communicating with others, approving timecards, giving feedback, etc. Helpful stuff. Not job training. Get them sales management skills like:
The management cadence: what meetings they need on their calendar and how often.
Time management for sales managers: Which is first? The line at your desk? The upset customer? The request for a report from the boss or the deal discount to close a sale? This skill will make or break a new leader. Prevent burnout before it happens!
Translating sales goals and driving sales performance: New managers struggle to get beyond managing activity. Help them learn to translate strategy and the big number into monthly, weekly, and daily activities for reps.
Performance 1:1 meetings: Help managers communicate the goal, the performance to date, motivate reps to succeed, and build relationships with their teams during this meeting.
Call coaching: Call coaching isn’t natural behavior for high-achievers. It takes an extreme amount of patience, customer focus, and a set process to be successful. Without skill training on coaching, they’ll either skip it or maybe even demotivate their team. Help teach them to do it right before they wind up a statistic.
Find them a mentor: A mentor becomes a safe space to vent, ask questions they’re afraid to ask their Director, and frankly a lifeline. And if you’ve promoted a woman, work to find her a female mentor. Yes, it does make a difference. #GirlsClub can help here if you’re lacking female sales leadership talent.
Let’s dive deep into a phenomenon that’s rearing its head in the world of sales: call reluctance. Having chatted with senior sales leaders this month, it’s clear this isn’t just an isolated challenge; it’s a widespread issue. But why is it happening, and more importantly, how do we tackle it?
When you have reps dodging calls and taking refuge behind emails or DMs, you’re witnessing call reluctance in action. So, why are our once-confident reps hesitating? A few reasons…
The COVID Comfort Zone: The pandemic changed buying patterns. Many sellers shifted to a laid-back, order-taking mode. Now, as the world returns to some semblance of its pre-pandemic self, we need to dust off our sales hats and get back into the game.
A Crisis of Confidence: A few factors are at play here:
The lack of immediate success can chip away at confidence and motivation.
The absence of a clear purpose or compelling reason for calling.
The pandemic brought easy sales, which meant we didn’t flex those traditional sales muscles. Now, they’re feeling a bit stiff.
Demoralized Frontline Leaders: These folks are the backbone of our teams. When they’re down, the whole ship can veer off course.
Rebuilding Rep Confidence to Overcome Sales Call Reluctance
So, how do we turn the tide? How do we help reps build confidence and get back on the phones?
Rediscover the ‘Why’: Tap into what truly drives our reps and managers. Align their goals and motivations with their roles and rewards. It’s all about the personal connection.
Celebrate Small Wins: Start small. Take, for instance, a client of mine: once struggling with a mere 100 dials a month across a team, they shifted focus to small victories. Now? They’re rocking 90 discovery calls a week!
Skill Refresher: It’s time to retrain and remind our reps about the art of tactical sales. Equip them with the tools they need to navigate this new landscape.
Invest in Your Leaders: Here’s the golden nugget: support your frontline sales managers. I can’t emphasize this enough. Whether it’s training, resources, or just a chat over coffee, check in with them. And hey, if you’re looking for training, I might know someone. 😉 But jokes aside, these leaders are pivotal. Ensure they have the right support, tools, and motivation to steer the ship.
Embrace Technology: Virtual sales tools aren’t just about tracking; they can offer insights, refine strategies, and enhance client relationships.
Regular Check-ins: In the world of virtual sales, regular team check-ins can bridge the gap, ensuring everyone’s aligned and motivated.
Client Engagement: Beyond the sale, focus on building and nurturing relationships. Virtual doesn’t mean impersonal.
The sales landscape is ever-evolving, and while challenges like call reluctance arise, with the right strategies and support, we can not only overcome them but thrive. It’s about reconnection, retraining, and relentless support.
Do your reps need help overcoming sales call reluctance?
Contact us today to learn about our customizable virtual sales rep training programs to help rebuild rep phone confidence.
Sales is an ever-evolving landscape, with tools, techniques, and targets shifting regularly. Yet, while we often focus on training our frontline sales reps, there’s a critical group that’s frequently overlooked: sales managers.
In fact, 60% of new managers fail within the first 24 months in their role. Why? Lack of training and development. Oftentimes, companies will promote reps into management without providing critical leadership skills to prepare them for their new role.
Let’s dive into why training for sales managers is paramount and the benefits that come with it.
Why Do We Neglect Sales Manager Training?
Often, organizations operate under the assumption that a stellar sales rep will naturally transition into a stellar sales manager. However, the skills required for each role differ significantly. Managing a team, strategizing, forecasting and coaching demand a unique skill set that isn’t always innate.
The Case for On-the-Job Training for Sales Managers
Different Roles, Different Skills: A top-performing sales rep doesn’t automatically make a top-performing sales manager. Management requires understanding team dynamics, effective communication, and the ability to inspire and lead. On-the-job training equips new managers with these essential skills.
Rapid Adaptation to Change: The sales environment is dynamic. According to a report by CSO Insights, organizations with a dynamic sales process, which includes regular training, reported a win rate of 49% for forecasted deals, compared to those with a random or informal process.
Consistency in Approach: With proper training, sales managers can ensure consistency in sales strategies, team communication, and performance reviews, leading to a more cohesive and effective sales team.
Improved Performance: With better training, managers can effectively guide their teams, leading to increased sales and higher win rates. 84% of sales reps achieve their quotas when their employer incorporates a best-in-class sales enablement strategy.
Consistent Growth: A well-trained sales management team can be a game-changer for revenue growth. According to research by the Sales Executive Council, sales teams led by supportive managers are 67% more effective at closing deals than those with managers who exert high levels of pressure. This shows that the right training can significantly influence managerial styles and, by extension, team performance.
Increased Profitability: The Harvard Business Review highlighted that companies that invest in training see a 24% higher profit margin than those that spend less on training. While this encompasses all forms of training, the impact of upskilling managers – those responsible for driving and guiding the sales strategy – cannot be underestimated.
Stronger Leadership Pipeline: On-the-job training prepares sales managers for higher leadership roles, ensuring a robust succession plan. This is crucial for organizational stability; a study by the Gartner for HR (formerly the Corporate Leadership Council) found that organizations with proper leadership training realized a 32% increase in leadership strength, which is directly tied to financial performance.
On-the-job training for sales managers isn’t just a “nice-to-have”; it’s a necessity. By investing in our sales leaders, we’re not only boosting current performance but setting the stage for sustained success in the future. It’s high time we prioritize sales manager training for those at the helm, guiding our sales teams to victory.
Are you looking for training for sales managers?
Contact us today to learn about our customizable virtual sales training programs available for reps and managers.
If you’re reading this, you’ve probably made an outbound sales call. You’ve probably made thousands. Stop and think for a second just how many things about this take guts – it takes sales confidence. Calling a stranger not expecting your call and essentially asking them for money. Betting a chunk of your family’s income on your abilities. Try to pretend you’ve never done it before. Can you remember your initial hesitance? The questions you had? The doubts and fears?
This is how our new hires and yet-to-be-hired people feel. We forget that sometimes. This is scary stuff.
It takes confidence in yourself, your ability to connect, to think on your feet, to pull the right phrase, the right answer, the right joke.
Not all of us are born with this kind of confidence – the deep knowing, the foundation, the deep belief in one’s own abilities. And many of those people are in sales.
How do we do it? With another word called bravery. Bravery isn’t the same as confidence.
I describe bravery to my kids as feeling scared and doing it anyway. “I know the hallway is dark honey. I know you feel scared. That’s why they call it being brave. It wouldn’t be bravery if you weren’t scared. You’ll be ok.” Bravery is suiting up! Putting on the superhero cape and facing the bad guys.
We know this as “fake it till you make it.”
I grew up in a very unstable home life. We moved so much that every 2 years was a new school for me.
New girl. New school. New classroom. New teacher. 22 pairs of eyes turn and stare at the new girl. So I guess I know something about bravery.
I think that is why I’m drawn to sales. We push bravery in sales. Bravery is being a little terrified they’ll hang up or say no and doing it anyway. But confidence is being absolutely sure they shouldn’t. Really knowing and believing the value of my product and service, plus the value of me.
Which do you think sounds better on the phone? Confidence or bravery?
Confidence. Sure! Confidence is what sells. It’s what permits the deeper questions, the customer education, and the ability to challenge. It makes the extra dials, keeps customers on the phone, and overcomes objections. Confidence asks for referrals. And then does it again. And again. For years.
Confidence doesn’t burn out after a year and a half. (the average lifespan of an inside sales rep). But bravery sure does. There are only so many days we can put on that cape and that mask and pick up that phone. Suit up. Dial. Ask.
New girl. New school. New classroom. New teacher. 22 pairs of eyes…
Bravery is not a recipe for long-term success. And I assert that our sport of sales can benefit from going beyond bravery…to confidence.
But there’s a step between bravery and confidence and it’s called courage.
Courage isn’t “fake it till you make it”. Courage is the “making it”. And to make it, we have to go through the fear. Not over the fear, not around the fear, through the fear. We have to stand in it.
Quietly.
And it’s terrifying.
Courage is facing your fears. Naming them and then tackling them with an open mind and heart. It’s being vulnerable, being honest, and being open. It’s considering the rejection, the loss, or the humiliation and being OK with it and being you – a stronger you – on the other side. It’s letting others in to see.
It’s standing in the darkness. Until you are not scared anymore.
Like many, I have buckets of bravery, but not nearly enough confidence. And two things dawned on me recently:
Admitting this out loud and actively learning about confidence and how we get it, how we lose it, how we can grow it is my path. It’s what I do – I find things that are hard to do, where we have a gap in public knowledge or ability, and I figure out a way to teach it. It’s my path to learn this, to share this, to teach this.
I started 10+ years ago and didn’t know it. The reason Factor 8 is the most referred sales training company in the world isn’t just because of our curriculum. It’s our model. When we get on the phones and do what we teach, we’re not just applying skills, we’re growing confidence.
We’re asking a room full of strangers to pick up the phone and try something they learned 20 minutes ago. And we do it, together. And our facilitators stand with them in the dark. We listen, we encourage, we coach. We show everyone in the room that it’s OK to fail, it’s fun to mess up, and they don’t have to be perfect. In fact, we REWARD imperfection and risk-taking and we shine a little light into the dark room of courage. And you’ll never guess what comes out on the other side…
Confidence.
We’re in the business of teaching sales confidence. Our loyal clients and students probably already knew this. It feels like such a big revelation that it’s almost silly it took me ten years to figure it out. But now that I’m here? I’m immensely proud. I’ve always been proud of our model, our results, and the feedback we get that we change lives. But now I see how aligned Factor 8 is with my own path, my personal passions – and fears, and I’ve fallen in love with this little company all over again.
My challenge to you: Ask yourself if you’re pushing bravery at work or instilling confidence. Remember that bravery burns out and confidence is what sells. If you can help your teams grow the confidence, you’ll grow your results, you’ll keep your team longer, and you’ll all grow as humans. And isn’t that what it’s really all about?
Subscribe to our email list to receive new content, webinar invites, and training offers.
In the world of sales, the quest for effective training solutions is never-ending. For years, event-based sales training has been the norm, but is it actually effective?
I’m here to tell you 7 reasons why event-based training won’t cut it, especially for leaders managing large teams.
Lack of Sustained Learning
Concern: Event-based training is like cramming the night before a test. You get a bunch of info all at once, but will you remember it next week? Probably not.
Reality Check: Enablement leaders get that learning isn’t just a one-time thing; it’s an ongoing process. Sales teams require continuous skill development and reinforcement. Event-based training, with its one-off sessions, can’t provide the consistent support needed for long-term success.
Limited Application to Real-World Scenarios
Concern: Event-based sales training can feel like it’s all talk and no action. It’s theory-based and detached from real-world sales situations.
Reality Check: Enablement leaders know that the sales landscape is dynamic and challenging. To thrive, teams need training that is directly applicable to their daily tasks.
Poor Skill Retention Rates
Concern: Sales reps can struggle to retain the vast amount of information taught in a single training event. (That’s why micro-learning over time is critical to ensuring skills stick!)
Reality Check: Enablement leaders recognize that skill retention is the key to performance improvement. Event-based training can overwhelm participants, leading to lower skill retention. This leads to less effective training that fails to drive tangible results.
No Skill Reinforcement
Concern: Event-based training typically lacks ongoing skill reinforcement.
Reality Check: Just like learning a new language, if you don’t use it, you lose it. Skills deteriorate over time if they’re not regularly practiced and reinforced. Enablement leaders need training that includes coaching, mentoring, and opportunities for reps to apply what they’ve learned to their daily work life – something that’s missing in event-based learning.
High Cost, Limited ROI
Concern: Event-based training can be expensive, and the ROI may not always justify the investment.
Reality Check: Enablement leaders are under pressure to deliver results and prove the value of their initiatives. Event-based training’s high costs and questionable long-term effectiveness can make it a tough sell when trying to show ROI.
Challenging for High Attrition
Concern: High turnover is a common challenge for large sales teams, making it difficult to keep everyone up-to-date through periodic training events.
Reality Check: Enablement leaders understand that training should be agile and accessible. Event-based training struggles to accommodate the rapid onboarding of new hires or the need for ongoing training when turnover rates are high.
Inadaptability to Change
Concern: The sales landscape evolves rapidly, and event-based training can’t keep pace with these changes.
Reality Check: For those at the helm, it’s crucial that our teams are prepped and ready to tackle the ever-shifting industry trends and customer needs. Relying solely on event-based training might not give us the flexibility and swift adaptation we genuinely need.
A More Effective Approach: Continuous, Virtual Training
Event-based sales training has its merits. However, for those leading large teams with a notable churn rate, it might not be the optimal choice. The better route? Ongoing, virtual sales training. It promises consistent, deep learning, techniques that align with real-world challenges, enhanced skill retention, ongoing skill reinforcement, cost efficiency, and the flexibility to adapt to the ever-evolving landscape.
Ongoing learning fosters a culture of proactive growth which improves employee retention. This continuous approach ensures that every team member, whether a seasoned sales pro or a new rep, is armed with the most current strategies, insights, and best practices. In a landscape as competitive as sales, staying updated isn’t just recommended—it’s imperative.
Are you looking for virtual sales training?
Contact us today to request information on our customizable virtual sales training programs available for reps (and managers).
Oh, and then we left them at home on an island with a swamped sales manager drowning in Slacks and emails and without the ability to listen to peers to learn how to do their jobs.
Buy reputable training content (check out The Sales Bar)
Train your managers (they’re the key to motivating reps)
Sellers are struggling. Our close rates are going down, our engagement rates are going down, and satisfaction rates are going down, this isn’t a coincidence. We quit training them and put them on an island with busy managers (who can also use some skills).
Do your future self a favor, and get back on track with enabling people to succeed. They need that investment so they can get these wins, be successful in sales faster, hit quota sooner, and stay longer.
Not sure what you should budget for sales training? Email me at LB@factor8.com and I’ll share some stats in the industry that will help you hit goal and be best-in-class.
Are you looking for sales training?
Contact us today to request information on our customizable virtual sales training programs available for reps (and managers).
Last week, I soapboxed about how videos aren’t training sellers anything (read that post here).
So today, I’ll share a learning strategy that ACTUALLY works if you really want to use a new skill (or want your team to try it)…
“Associative Learning” – wait! Don’t go to sleep!
This theory is why everyone says, “Oh, you’re like Sandler” to me about my training company.
It’s also the reason your college lectures were SO BORING:
Adults learn by relating new knowledge to older knowledge and to experiences.
That’s it. The whole magic.
We’ve got to talk about it. We’ve got to know where to “file it” in our brains.
Early call rapport-building is like when you met your freshman roommate
Late call bridging to the next call is when you asked her out again before the first date was over
Getting a decision-maker on the phone is like getting to first base 😉
Your amazing new software with zero competitors – “OH, so it’s like Ambition had a baby with Gong.” Don’t be offended, at least they’ll remember what you do.
Here’s why it works (for my fellow training nerds):
The “Associative Learning Rule” is the theory behind the phrase “Synapses that fire together, wire together.” It explains that brain cells grow stronger by sending off impulses at the same time, therefore, connecting them and overall growing stronger. When connections grow stronger, learning has taken place.
It’s why your video-based “learning library” is a waste of money. I get it, they’re easy, cheap, repeatable, and scalable – but nearly worthless when it comes to helping your team retain knowledge – let alone use it on the job to pick up the phone and sell something.
Big takeaways:
Don’t think that telling or showing a video will result in behavior change
Create opportunities for your team to talk about what they’re learning and tell their stories
Use your LinkedIn Learning budget to hire a trainer or a training company that can interact, workshop, and actually help sellers apply new skills on the job
(Now, if only I knew a great sales training company… Seriously, if you’re looking for sales training techniques that actually work, contact us here.)
Want to learn more sales training techniques?
Contact us today to request information on our customizable virtual sales training programs available for reps (and managers).
In the past five years, the acronyms BDR and SDR have jumped to the forefront of selling – particularly digital or virtual selling in the SaaS space. Feeling lost already? Don’t sweat it, this article will break it all down, and help you fully understand the difference between Business Development Reps (BDRs), Sales Development Reps (SDRs), Account Executives (AE), Customer Experiences & Success (CXS), Account Managers (AMs), and Inside Sales Reps (ISRs).
We’ll also cover the basic responsibilities of each role (to help you decide if it’s right for you or for your organization). Finally, we’ll differentiate some key skills for each so you can identify what training your existing or new teams may need.
Keep reading to learn the difference between BDR vs AE and the other different sales roles.
The BDR and SDR roles are the tip of the sales spear or the top of the sales funnel. Their job is to get deals in the pipeline by hunting and/or qualifying leads. From there, the lead is deemed an opportunity and worked by an AE, ISR, Field Rep, AM, or another silly acronym. 🙂
Unsure what the difference is between a BDR and SDR? The key responsibilities for these roles are decided by each company. Few have both roles, and if they don’t, the terms are used interchangeably meaning the exact same role has a different name at different companies. I’ve seen the same function named “Biz Dev”, “Lead Gen”, “Appointment Setting”, “Lead Qualification”, “Junior Rep”, or even “Data Cleansing” (although that’s usually ever so slightly more administrative).
Larger sales organizations may have multiple “sales development functions” and use both acronyms. One could mean qualifying inbound leads and the other outbound leads. One may hand off to an account executive in the inside/digital organization and the other could be working with the field sales team. In summary, it’s never a dumb question to ask someone to clarify the job duties of their BDR/SDR sellers. Some smart questions to ask:
Do they work with inbound leads, warm outbound leads, or cold outbound leads?
Who do they hand off to?
How are leads dispersed?
What constitutes a qualified lead?
What’s the primary goal (e.g. is it data cleanliness, sales qualification, or appointment setting?)
How does this goal adjust based on the market, pipeline, and results?
How is the role compensated?
What is an Account Executive?
The rise of the BDR (mind if I just type one of these from here on out?) came with two big recent trends: SaaS sales and role specialization. In the old days, sales meant you hunted it, killed it, ate it, and farmed it. The problem was when reps got a few big accounts that they could eat off of for a while, the hunting stopped. With the rise of the demo, companies shifted their focus. As the tech stack became a thing, we realized we needed sellers to be great at the demo (companies are still working on it) or the product showcase. Software organizations led the way in splitting sellers into three functions: Sales Development (BDR/SDR) called the leads and set appointments, Account Executives (reps who do the demo and close the deal), and Customer Success (CXS) who renew and upsell/cross-sell. Hunters, Closers, and Farmers. Sure it’s a mixed metaphor, but what AE wants to be called a Killer AE, am I right?!
About the same time as the rise of software came the rise of the millennial workforce. Different from their Gen X bosses, millennials want faster career mobility and more development. Hence the birth of the “micro promotion” and level in the BDR/SDR role with a clear path to AE. New sellers simply survive the pure hunting role for about 18 months and they’ll receive a few small promotions and the cushy AE role where minions pass them leads all day long.
What is an Inside Sales Rep?
So what about the rest of the alphabet soup? Let’s get into the more traditional sales roles, or these days simply non-software/high-tech: the ISR (Inside Sales Representative). We may also call them Acquisition Reps, Full-Cycle Sellers, Account Executives (yup, same name), or any other fancy title that sounds less like a seller but means, “I own the deal from cradle to grave.” My teams in the early 2000s were all ISRs. Hunt, Kill, Farm.
ISRs may be teamed with field sellers. These “outside reps” typically meet face-to-face with clients and therefore work the more complex and longer sales cycle deals. Organizations may use them in the “NFL cities” where it is geographically beneficial to add staff and use them inside for the rest, or they may split by deal size/complexity (anything under $100K is handled inside). Finally, you may split your sales teams by product type. Product X may be 10 years old, toward the top of the product lifecycle curve, and need a low-cost fast-response sales engine. These are goods that consumers feel comfortable ordering over the phone or online. The same company may have new products sold to different customer sets who will require more hand-holding, consensus building, and education – the field teams get these.
What is an Account Manager?
Alternatively, we have the Account Manager. These folks work large books of customers with diverse product sets. Their goal is to farm new business, penetrate the account further, and find opportunities to cross and upsell. Think of them as the Customer Success Reps of the non-software world. Their customers don’t require a renewal contract, but they do require some service and value-add to keep buying from you.
Can traditional sales engines also specialize? You bet. I’ve seen hunters/farmers in this world quite often. Then you might have an ISR/AE or “Sales Executive” upfront and an Account Manager or AM owning the account after the first sale or first period.
How to Build a Winning Sales Team
What a mouthful, right? So how do we know what’s right for you and your organization?
I say start with your sales goals, go-to-market strategy, and product complexity. Then compare all your decisions past your buyers’ preferences and build your strawman.
A few general rules before you decide which sales roles to hire for your sales team…
If you’re in a race for market share or have aggressive growth goals, keep your sales force inside and hire heavily. Then go invest heavily in marketing for brand recognition and lead generation. Split the organization so you have teams with a sole focus on hunting new opportunities and quickly converting those brought in by marketing.
Key sales skills here are the ability to quickly qualify new business, uncover the intent and value of the sale, and close for commitments on every call to speed the sales cycle. You’ll probably also want some virtual selling skills, objection handling, listening skills, and product demo or proposal training. These are often lacking in these quick-growth organizations, and your job is to find the gold, mine it, and bank it before your competition knows you’ve set up a general store.
Looking at a job in this arena means (psst, leaders, check your hiring profiles for) the ability to multitask, impatience for results, quick to connect with others, competitive, OK taking rejection, and a lover of high activity. Your super go-getters will be making high dials, winning fast, and losing fast. You’ll hear no more than yes, but if the right culture is built, the yes will be intoxicating.
Sellers who don’t love the thrill of the hunt or are nervous about rejection avoid the top-of-funnel sales roles. That means you need to stay out of high-tech and software and target a more traditional industry like manufacturing, distribution, medical, and services that have more full-cycle sales roles that require only a bit of hunting to be successful. These “closers” or AE, Sales Executive, or ISR type roles (using these interchangeably as full-cycle sellers) need great organizational skills, some cold calling as well as some great service skills, amazing online meeting and demo skills, and an ability to find and present unique value to each customer. Like full-time Account Managers with books of business or territories of hundreds of accounts, teach them business acumen, how to have the wallet share conversation, and how to ask for referrals. This prevents our farmers from simply depositing their harvest or inbound orders from their top 20 accounts.
Now, the field seller. This role typically earns more and is held by the more tenured seller. We’re looking for professionalism, maturity, business acumen, excellent rapport, and presentation skills. They go and close the million-dollar deals, wine and dine the big clients, and represent companies as the literal face of the business. Key skills for these folks are typically about doing better discovery and value building (so we don’t sell on price), but in the days of the pandemic looked a lot like the BDR and AE skills gaps of calling people, keeping them on the phone, and doing online demos.
A final word. The gate to most of the cushy AE, AM, and field jobs are the high-pressure hunting jobs. Don’t back away from sales just because of this! Most companies have made this nearly fool-proof by adding lead lists, helpful software tools, script starters, and training. If you’re smart, a great listener, care about the customer, and can show up on time for a consecutive 30 days, you will likely be promoted in your first year. Hang in and fall in love with sales. It’s worth it!
Hiring a team of sales reps?
Watch our session on “How To Build Your Training & Development Plan” to learn everything you need to know about incorporating training into your onboarding and employee development plan.
If you’ve been a leader in the sales industry for a while, chances are this isn’t the first recession you’ve worked through. Surviving a recession and leading your sales team through it is no easy feat, so if you’ve already powered through at least one, take a moment to pat yourself on the back.
The good news about recessions is that they don’t last forever. The bad news? Those leaders who have never been through it don’t know how to effectively navigate one now!
For many sales teams, they are chock full of young reps and managers who may be experiencing it for the first time. To feel the effects of it or constantly see headlines on mass layoffs across the board in just about every industry can feel scary, especially if their numbers are dropping and they’re starting to struggle.
We recently hosted two executive round table sessions and pulled in both existing clients and leaders from multiple industries for a collaborative session. We covered how the impending recession is affecting their sales teams, how they’re responding, and what changes they’re using to pivot and survive in a tough economy.
We had tons of great feedback and insights to unpack, so here are our key takeaways!
Go Back to Basics With Your Teams
Sounds simple, right? One of the best things you can do right now is combine old-world tactics with new-world sales coaching.
Think about it like this: When’s the last time you had a lunch and learn? How often are you doing 1:1 coaching with your managers? Do they know what approach to take to train reps how to be confident and face newer, stronger objections that are popping up due to budget cuts?
A lot of managers (whether under their own or internal pressure), may be falling back on old tactics that are actually DE-motivating their teams. You can help them be better at coaching their people and working through this together.
Emphasize a focus on solving problems that can be accomplished immediately versus meeting quotas or goals that are too lofty in this environment. One tip could be as simple as roleplaying on overcoming rebuttals with reps: coach them on how to navigate following up in the environment of a recession.
One of the few positives of a recession? This is an all-hands-on-deck moment for your company – and that means it’s time to get comfy collaborating and engaging with other departments and personalities in the workplace.
One of my colleagues recently highlighted the success they’ve had breaking into new industries by pairing up two different departments to tag-team and educate each other for higher chances at their rep’s success.
If you have a dedicated team for researching, for example, have them send over their notes and top takeaways so your reps aren’t going into new territory blind. Consider strategizing meetings to share knowledge on nailing presentations, goals, and processes.
By investing time in your employees and encouraging them to do the same with each other, you’re not only creating a positive and collaborative environment, but you’re also utilizing existing resources and ensuring reps aren’t doubling down on the amount of work they’re taking on.
It’s go-time when it comes to value props. You CANNOT lead with anything else in this environment, especially when executives like the CFO are almost always involved in the process these days. Clearly understanding the need and aligning your solution in a way that generates confidence and a clear path to success with ROI is a must.
Coach your reps to strategically position the value you’re offering. How will you generate ROI to be WORTH the long-term investment? What does your customer or prospect really care about right now? What are you helping to mitigate or solve for an executive’s involvement?
And honestly, in some cases, ROI isn’t the only way to lead and showcase value. Teach your reps how to reswizzle value props with a focus on reducing risk – show what you’re saving them and keep the angle on “safety” in uncertain times.
Want to know what something easy and totally free you can do to prime yourself for success in the future with your prospects?
LISTEN TO THEM!
Right now, people want to talk to those who can actually help with their problems rather than hear a canned sales pitch. The easiest thing to do is have conversations with your prospects and customers. Not sales conversations – just regular old conversations. Many sellers are often so focused on themselves that they miss the opportunity to build a relationship and understand their customers.
If you’ve put in the work to break into other industries or had options that have been on the back burner, now may be the time to get that rolling when it comes to prospecting and discovery. Cast a wide net!
But for others, it can also mean being more purposeful as to where you are investing your time and energy and having your reps focus their prospecting efforts. Narrowing the scope can be just as effective or work better for certain industries.
I recently wrote an article about this encouraging sales teams to turn DOWN their lead qualifications for filling the gaps in their funnels and pipelines. Defining existing regions or expanding into new industries is a quick way to generate a whole lot of new leads.
One other tool you can take advantage of is hyper-segmenting. See if you can identify buying patterns from existing customers (try sending out surveys, for example) and get the knowledge you can use immediately to build out your funnel in quick and scaleable actions.
Don’t be afraid to consider all the options when it comes to the best tactics for your team to drive revenue generation! The payoff will be worth it, whether it means breaking into a brand-new market OR staying hyper-focused on the avenues that bring guaranteed results.
Bottom line: don’t stop your activity, just change your activity.
Get Creative To Boost Morale
No matter what sales role you’re in, it’s pretty likely that folks are feeling pressured or stressed about meeting quotas. Even your top performers are likely feeling the heat here.
One awesome tip we discussed was having sellers focus on pushing products with a higher profit margin to help both the company AND filter the extra $ through to the reps selling them via a commission. Sharing the wealth does wonders for morale!
This is a great opportunity to come up with new sales incentive plans to ensure you’re keeping talent motivated and satisfied. You can help them stay engaged and on track to hit new goals – for example, can you come up with a way to celebrate awards? How about contests rewarding top skills like tenacity (having a longer close rate) or the most number of follow-ups achieved?
Make it fun! This is your opportunity to be as creative as possible.
There you have it – even in a recession, you have tons of different angles to help boost sales team morale, fill your pipeline, and continue building relationships with your customers and prospects.
I guarantee whatever you are doing now is going to help TREMENDOUSLY when things get back to “normal”. Put in the work and hang in there!
Subscribe to our email list to receive new content, webinar invites, and training offers.
As leaders, one thing we’re all aware of is how tight budgets are – both yours and your clients.
Listen, I love getting paid for deals upfront. Cash flow and payroll are real my friends. But I also like closing deals. When times are uncertain, it needs to feel much less risky for prospects to buy now. Have you talked with your finance team about what risk you can shoulder so your prospective clients don’t have to? For example:
Cancellation clauses. If it’s not working, they don’t have to pay for it.
Better terms. How much less can we get up front? Can we extend 90-day vs. 30-day terms?
Pause clause. If times get tougher, how long can we let clients pause their contracts with no extra fees? Can we tack on services to the end of the contract or do they lose some value during the pause?
Talk to your sales reps about the exact objections they’re getting out there.
What solution would help?
Important note: if they can’t tell you, they need some help.
Price objections are the beginning of a conversation. The most important thing top reps do next is ask open questions to uncover the root of the objection. A price objection could mean:
My budget is frozen
I’ve already spent my budget
I don’t get more budget until next month
You’re too expensive
I can’t validate this spend to my boss
There are 27 more, but you get my point
Work all four steps in overcoming an objection to get the best intel, and make it easy for reps to share. For example, you get an email for every price objection with a link to the call recording and the rep’s feedback on the root cause (trust, but verify, right?)
Reps need help getting to the economic buyer to get these answers! If they’re stuck with a mid-level leader, they may not get the root cause. Coach reps on asking detailed questions about all the purchasing steps and people involved. These skills can absolutely be taught, but they aren’t 101 (hell, even 201) level conversations. It takes guts to ask for help going around a prospect and they’ll need some lines to steal, some room to practice, and some great role models who do it well. Bonus: you’ll get more accurate forecasts and fewer stuck deals as a result as well.
