January 17th, 2018

5 Key Sales Lessons From Glengarry Glen Ross

Coffee’s for Closers

“Put. That. Coffee. Down! Coffee’s for closers.” Let’s take a look at the sales lessons from Glengarry Glen Ross that you can apply to your own sales career.

Do you remember Alec Baldwin’s iconic scene from Glengarry Glenn Ross? Baldwin’s vicious and searing monologue as the fiercely intense salesmen is without a doubt, one of the most infamous scenes in movie history; and with good reason. We’ve all probably experienced a coach or manager like Alec Baldwin’s character Blake. Some would call it brash and a bit aggressive, but to call it that would take away from the dire and motivating message it was meant to deliver; If you want to be great in anything, you have to be focused and hungry.

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Some of the most memorable and meaningful moments in our lives come from the situations we overcome that would either make or break us. Have you ever been in a situation where your very livelihood hung in the balance and you only had a short time to save it? Well, this was certainly the case for the salesmen of Glengarry Glen Ross. There are many important sales lessons from Glengarry Glen Ross for business-minded individuals who want to make it to the top. Whether it’s learning how to stay disciplined and motivated, or learning how to control a situation, the film’s sales lessons are worth reviewing. So put that coffee down and take notes!

 

Here are 5 key sales lessons from Glengarry Glen Ross that will keep you on your toes!

 

Always Be Closing

A major sales lesson in Glengarry Glenn Ross is knowing how to be there for your prospects. It pays to understand their major problems, their doubts, and any questions they might have. Successful sales representatives have a way of guiding and helping their prospects to the finish line. Try and get into the minds of your prospects. You will land and close more leads.

Know What The Shot Is

In the movie, Ricky Roma (played by Al Pacino) says, “Never open your mouth until you know what the shot is”. It’s important to understand the weight of our decisions and the impact an informed decision has on being a stellar sales representative. Knowing the shot means understanding the context for any deal you close. Getting a good read on your prospects is one of the most important aspects of closing sales.

Related Reading: General Negotiation Tactics To Help You In Sales & Life

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Have a Clear Goal

You can’t get to where you want to be if you don’t know where you’re going. If you don’t know exactly what you or your prospect wants from a deal then you are not informed. How will you know what you’re working towards? Closing deals mean establishing clear goals and expectations before entering any meeting or agreeing to any deal.

“Coffees for Closers”

Similar to “Never put off for tomorrow that which you can do today,” This is simply a great reminder to push through and finish what you started before taking a break. Challenge yourself and be relentless with the objectives you set for yourself and your team. You will feel better each time you accomplish another one of your goals. Wrapping up any micro-goals you set for yourself can also inspire you to get more work done because of the momentum of success you’ve created. Save the coffee for after you take care of your goals.

 

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A-I-D-A (Attention, Interest, Decision, Action)

Perhaps one of the most iconic and helpful parts of Alec Baldwin’s speech is his AIDA acronym:

A-I-D-A

 

Attention

There are lots of ways to get someone’s attention, but how do you keep it? We are constantly distracted with more things vying for our attention than ever before. Humor works well but can backfire if you can’t read the room. You can’t close if you don’t know how to get the attention of your prospects.

 

Interest

Are they interested? If not, then are you wasting your time? This is the part where your passion for the product or service should shine. How will you keep their interest? Don’t lie to close deals. Tell a story, get familiar, and speak with passion.

 

Decision

The moment you’ve been working so hard to get to. You’ve gotten them behind the wheel, now it’s time to drive. Will they put the pedal to the metal? This is where the hardest-hitting questions and objections rear their head. It takes a lot of confidence to guide a prospect into making a decision. Continue to reiterate how important their decision is and how the value of their choice can impact their future.

 

Action

Closing time. This is your moment of glory. Write up and explain the agreement, ask if they have any questions or expectations, and close the deal.

 

 

Aside from being ridiculously quotable, Glengarry Glenn Ross is filled with countless sales lessons and motivating speeches. They may not all be applicable, but they are surely inspiring and at the very least entertaining. Glengarry Glenn Ross teaches sales teams to sell with confidence, study and learn from their prospects, and be relentless with their goals. Put these actionable sales lessons from Glengarry Glen Ross to good use for your own sales career and you will close more deals!

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December 11th, 2017

10 Benefits of Sales Coaching

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In this article, we discuss 10 benefits of sales coaching that show just how valuable sales coaching can be. Sales coaching has proven benefits to a company’s bottom line. However, many businesses are still hesitant to invest in proper sales coaching. Choosing a sales coach is a critical decision for any company. The benefits of a great sales coaching program are indispensable to the growth and culture of any organization.

Sales coaching can make a huge difference to your company’s overall performance in addition to improving the overall well-being of your sales representatives. It can even inspire them to grow and past their limits and achieve new areas of success in their lives. Below, we discuss 10 benefits of sales coaching your business can gain from effective sales coaching.

Related Reading: Sales Coaching Is A Must: What To Consider And How To Execute

 

1. Coaching Can Boost Revenue

Improvements in the skills of your sales force will without a doubt bring in more revenue for your organization. It would only make sense that since revenue is what keeps your company going then you would want everyone on your sales team to be squared away and firing on all cylinders. A proper training and coaching regiment will keep everyone sharp and on their toes, directly impacting sales and revenue.

 

2. Sales Coaching Can Improve Productivity

A steady regiment of proper and effective sales coaching can give your sales team the confidence to take care of tasks and objectives without being asked or told to. The benefits of sales coaching can give the team clear and defined steps and make them more productive by motivating them to be more efficient and effective.

 

3. Coaching Can Help Close Bigger Deals

always-be-closingSales coaching can help your team close deals more often or even reel in bigger fish. Your sales force becomes proficient at closing deals when sales reps hone their skills and gain the confidence to tackle more responsibilities. Coaching can help instill best practices that sales reps can fine-tune as they close more deals.

 

4. Coaching Can Strengthen Your Organization

Good coaches can bring the team together for a win, but great coaches turn teams into champions. The same is true for your sales team. Think of the sales coach as a beacon of morale for your sales representatives. Great sales coaching won’t just improve individual performance but can also instill a sense of comradery, unity, and teamwork within your network of sales representatives. There are a lot of moving parts involved in closing a deal. Great sales coaching can ensure that everything is running like clockwork.

 

5. Coaching Can Help Bring In New Clients And Appease Current Ones

While repeat business is likely essential, it could get difficult to dig your team out of a rut if you find yourself in one if you can’t bring in new clients. Great sales coaching has the added benefit of inspiring and motivating sales representatives to feel more comfortable about taking risks which can lead to big deals and clients.

Great coaching can also improve your customer service which can, in turn, appease your clients and raise awareness about your business through word-of-mouth.

 

6. Coaching Can Improve Employee Satisfaction

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People appreciate being coached because of the comfort of having directions and clear instructions. Coaching provides sales representatives with guidelines that could potentially help them to be better at their jobs, which in turn improves satisfaction. You want your sales representatives to enjoy their jobs. Fulfillment comes through success. Effective sales coaching can improve employee satisfaction through a sense of accomplishment.

 

7. Sales Coaching Can Help Improve Employee Communication Skills

The benefits of sales coaching go far beyond just increased revenue. The challenges and obstacles one overcomes professionally are not unlike many of the personal challenges we face every day. Sales representatives that develop and learn from effective sales coaching learn how to think better on their feet by improving their decision-making skills. They are much more adept at recognizing opportunities and capitalizing on them which in turn can enrich their lives in more ways than just closing a deal.

8. Coaching Can Inspire Creativity

creativity-quoteGreat coaches are masters at listening and observing, that’s no secret. A great sales coach will support the new and alternatives ideas and solutions to problems presented by sales representatives. Additionally, they will also help to fine-tune these ideas with their rigorous questioning. The benefit of having a great sales coach is that they are great springboards for adventurous ideas and will also help sales representatives to achieve these ideas with realistic goals.

 

9. Coaching Can Improve Understanding of Products and Services

customer-interaction-cartoonYou can’t sell anything if you don’t know everything there is to know about your product or service. A good sales coach will educate sales representatives about the products and services they are selling. Sales coaches will ensure sales representatives can speak dangerously about the most important highlights of their products and services so as to help prospects understand the benefits and importance of what your organization has to offer.

 

10. Coaching Can Help Companies Prosper Through Difficult Times

Coaching can help turn things around when a company is enduring adversity and uncertainty. Sales coaching benefits organizations of all sizes and colors. The benefits of Sales coaching include: an increase in your organization’s overall business performance, improve the quality of your product, maintain and improve the morale of your sales representatives, strengthen your employee’s resolve and commitment to the company, develop solid leaders by instilling confidence, and improve the capacity of your team to adapt to setbacks.

 

 

WATCH RELATED VIDEO: The Challenges You Face – Motivational Keynote Speaker Doug Dvorak

These 10 benefits of sales coaching are indispensable and imperative to the essence of any successful company. Sales coaching can completely overhaul business operations and transform sales representatives. Additionally, it can revitalize your team and offer new perspectives on effective selling strategies.

Do you like what you just read? Check our Professional Sales Training Program to see what we can help you build your successful sales career.

November 23rd, 2017

3 Tips To Help You Find The Right Sales Candidate

Recruiting for the right sales candidates (and sales managers) is more often than not, a time consuming and risky endeavor. Measuring sales effectiveness and candidate potential means having to go through the arduous task of collecting and reviewing several resumes, interviewing a variety of candidates, and then accurately gauging if the sales candidate will have the right tools, attitude, and aptitude to succeed as an effective sales candidate for a company.

 

If only there were a way to accurately assess a sales candidate and not be fooled by an inaccurate track record, exaggerated resume, or a misleading charismatic personality. The hiring process for winning sales candidates does not need to be as time-consuming and backbreaking of a chore. When it comes to working smarter not harder, an effective methodology may be in order. Here are 3 simple tips to keep in mind to help streamline the hiring process for strong salespeople.

 

 

Don’t Stop Recruiting

Look to hire new recruits all the time, not when you need one. Waiting to hire when you need stellar new recruits will likely result in a last-ditch effort into a rushed interview process and unqualified new sales candidates.

 

Concentrate your sales recruiting efforts into polishing your organization into a company that people will want to work for. You can appeal to talent by promoting your company culture, rewards, and the perks of working.The sales team is the foundation of a business, which is why the recruiting process is so imperative.

Related Articles:

Top Qualities of Top Earners in Sales

Sales Recruiting: How To Hire & Retain “A Players” To Drive Revenue For Your Sales Team!

 

Utilize the Job Description

The job description can either work for you or against you. Make it work for you by providing a comprehensive description of all the challenges and obstacles that the candidate will be dealing with so as to better prepare them for the position if they find that they’re up to it. You can help identify these challenges by thinking about important factors in your market. Things to think about are:

 

  • Sizes of companies
  • Identifying key decision makers
  • The number of competitors in your market
  • The pricing of your product or service compared to competitors
  • The length of the sale cycle

 

 

Automate Your Email

You probably have several resumes to reply to in your inbox. If having to respond to each one takes up a huge part of your day, then it’s time to consider utilizing an automated message reply system to help streamline responses to the large amount of resumes you’ll be receiving.

 

You can create an automated reply system in Gmail and Microsoft Outlook that will identify incoming resumes, sort and move them to appropriate folders, and reply with a message that will help explain your hiring process and any instructions you would for them to follow prior to taking your Sales Candidate Assessments. This will make your day easier.

November 1st, 2017

4 Sales Shortcuts And Bad Habits To Avoid

no-shortcuts

Good habits tend to come from resisting temptation. However, there comes a time when the lure of shortcuts becomes too enticing and we lose ourselves to bad habits and the comfort of convenience over persistence. We all have our reasons for taking shortcuts, but in the grand scheme of things, shortcuts in selling tend to not be sustainable. Bad practices such as lying about aspects of a product, or being rude and bullying a lead into buying will turn into a bad habit that will eventually harm your abilities to make a legitimate sale.

 

Of course, not all shortcuts hold the same weight. Some shortcuts streamline your day and could help set you up for success. Ultimately, it all comes down to whether you want to save time at the expense of producing quality work, or taking the time and effort to “measure twice, cut once.” Beware of these 4 shortcuts to ensure you don’t dig yourself into a hole of bad habits.

 

1) Doing research on your prospect during the sales call

It would behoove you to avoid multitasking and researching your prospects while making a sales call. Sure you can try scrolling through their company’s social media page and website but the chances that you’re actually focused and listening to your prospect is slim to none. You’ll miss key details that could help you close the sale and more importantly, you risk sounding insincere and distracted.
proper-preperation

Give yourself enough time between sales calls to gather important key points, figures, and talking points to help you better prepare for the conversation. You’ll sound more organized and persuasive if the conversation flows well.

 

Related Article: The Seven Deadly Sins of Selling

2) Connecting with prospects at the same time of the day, every day, all the time

Everyone loves routines and schedules. They help keep our priorities and tasksclock organized right? Salespeople tend to live-and-die by the plan-of-the-day. They tend to fall into comfortable habits of calling this person at a specific time in the morning or emailing prospects at the same time in the afternoon right after lunch.

The problem with this, of course, is that we don’t all run on the same schedule. How do you know if you’re reaching a prospect if you they’re on a different schedule? Perhaps the reason why you’re always leaving voice messages is that they don’t even get into the office until an hour after you make the call every day? Try switching up and varying your call and email times!

 

3) Leaving things to memory and not writing a to-do list

If you think leaving important details to memory works better than taking the time to grab a pen and writing it down on a piece of paper, than by all means have fun forgetting all the things you should have written down. It might seem more convenient to put our confidence in our ability to remember things, but memories can be vile and more often than not, betray us when we least expect it.

to-do-list

The cold hard truth is, you will forget things. So commit to the ten seconds it takes to jot down important details and label them appropriately. Maintaining a to-do list helps you identify all of your tasks and allows you to keep track of your progress throughout your daily routine. You’ll thank yourself later when you turn the page to find what you were looking for.

 

4) Avoiding The Gatekeeper During The Sales Call

gatekeeperSome salespeople tend to take the Gatekeeper for granted and attempt to duck them at all costs. However, one should be wary when burning that bridge. There is a good reason the Gatekeeper is there to screen calls. Don’t be vague with your intentions around the Gatekeeper. Give them a great reason to put in a good word for you. Treating the gatekeeper with respect can sometimes make it easier for you to connect with the decision-maker.

Related Article: Why Creating Great Memories & Experiences During the Sales Process Will Engender Greater Client Engagement

 

 

Keys To Success

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There are never any easy shortcuts to success. As with most things worth doing, it never comes easy and often involves getting back up after getting knocked down. Stay passionate about connecting with others and build a solid work ethic by taking the time to do things right the first time around. You’ll save yourself a lot of backpedaling and heartache in the long run. You can avoid developing bad habits and shortcuts by giving it your best every day!

Do you like what you just read? Visit our resource center and download any or all of our 17 Executive Sales White Papers to help improve your sales skills training and build a successful sales career.

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October 10th, 2017

The 5 Step Process For Effective Sales Coaching

In today’s hyper-competitive sales market, forward-thinking sales professionals are always looking to get an edge over competitors by constantly finding new ways to stay relevant and updated on the latest trends and strategies. A great sales team is the driving force behind a successful and profitable company. An effective sales coach can help the team get there. It’s comprised of a cohesive, tried and true combination of sales leaders and sales reps that are battle-hardened to understand their sales market like the back of their hands.

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With that in mind, we all have to start somewhere. How do you fine-tune your sales team? While there are a variety of ways to sharpen your arsenal of skills and strategies, by far the most tried-and-true method is professional sales coaching. You won’t always have perfect sales reps, but effective sales coaching can certainly improve the performance of sales reps and help them be more effective, sell more successfully, and with less stress and greater client engagement and satisfaction. If you’re looking to mold a sales dream team, these 5 steps will help guide you on how to effectively coach your sales team.

 

Step 1: Observe The Team

Conducting reconnaissance in any project or scenario is vital to effective sales coaching. One of the most important steps in the sales coaching process comes from the observations the sales coach makes on the individual who need sales coaching. Gather, analyze, and interpret the performance of the individual and have a discussion on any unique gaps in their sales techniques. Highlight the most important changes the individual can make in order to improve and use the appropriate metrics within the organization.

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Step 2: Measure Strengths and Weaknesses

Your sales coach will then observe the operations of your sales team and provide you with an analysis of the strengths and weaknesses of the individual sales rep’s performance in relation to the operations of your team. A crucial aspect of the sales coaching process is observing what is working and what isn’t between the team and your market. This step is crucial for your sales coach because it will allow them to develop a customized plan that will improve individual operations which benefits everyone in the organization. Here a few things to keep in mind when making observations:

 

  • Point out what you saw. Try and make objective statements on things you noticed.
  • Try to explain your observations as a cause and effect (because you did this, that happened).

 

Watch Video: The 7 Deadly Habits of Ineffective Sales People

Step 3: Develop and Implement The Appropriate Skills

Productive sales coaching requires a vigilant and attentive eye towards a sales rep’s best and worst attributes. Sales coaches should communicate their observations and suggest new tactics to help the sales rep improve. Sales coaches can also try role-playing exercises to help simulate the interaction between buyer and sales rep. After the scenario, sales coaches should observe how well their sales reps reflect on their own weaknesses and if there are any improvements they can make. Observe how the sales rep implements these changes.

Step 4: Observe How Well the Candidate Absorbs and Applies Feedback

After carefully watching the candidate during sales calls or role-playing exercises, sales coaches can provide one area of positive feedback that highlights what the sales representative did well and one area of improvement. Sales coaches should also make note of how responsive sales reps are to their feedback and highlight common mistakes that they are making. Make note of the amount of effort sales reps are making to correct problems and if there any significant improvements.

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Step 5: Ongoing Mentoring

Sales coaches should not only help sales representatives succeed within the organization but also support and mentor them with their career goals and objectives. The sales coach can ask a few questions to help facilitate a healthy ongoing relationship with the sales rep and to also get a better idea of their motivations and what they are striving towards. As a sales manager, understand that the success of the individuals in your team is directly connected to how well your organization runs and is well-managed for peak sales performance.

Read a Related Article: The 7 Secrets of a Happy Sales Team

A sale involves a deep understanding of the product and customer, excellent communication and presentation skills, and a positive mental attitude. Developing the right sales skills to take your team to the next level can be honed to perfection with practice and effective sales coaching. Effective sales coaching requires hard work, discipline, and training from the sales coach and the sales representative. Sales coaches should take a close look at each of the individual’s strengths and weaknesses and be on the lookout for specific things to coach. Great talent can be forged with the right amount of focus and the determination to learn.

Do you like what you just read? Visit our resource center and download any or all of our 17 Executive Sales White Papers to help improve your sales skills training and build a successful sales career.

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