June 30th, 2023
VUCA Blog

Five Tips Salespeople Can Use to Succeed in Times of VUCA

VUCA Blog

Before we get too deep into this blog, it’s important to understand what VUCA is. In 1987, the concept of VUCA was created, based on theories by economists Warren Bennis and Burt Nanus as a way to understand the ever-changing market more dynamically. Since then, this concept has been used to analyze the market and inform business decisions.

What Does VUCA Stand For?

VUCA is an acronym that covers four concepts:

Volatility: How rapidly will an industry or market shift? This includes changes in demand, price inflations, and other abrupt swings that can influence market trends.

Uncertainty: How difficult it is to predict future events or results? Despite constant monitoring and analysis, there are situations where even the most well-informed predictions can be proven false due to outside forces. This especially applies when the information itself is unclear, thus making the future harder to predict.

Complexity: How many variables are there to consider and how many connections are between them? The greater the number of variables in a situation, the more that can happen, especially if there are connections that can lead to a domino effect. The more information there is to analyze and understand, the more difficult it will be to come to a rational decision.

Ambiguity: How much information is lacking? This can include inconsistent, missing, or even flat-out false information. Unlike uncertainty, in which you can find a clear end goal from the information, or complexity, in which it’s just a lot to understand, there is no analyzable information, making it even more difficult to draw any solid conclusions.

How Can VUCA Be Applied to the World of Sales?

VUCA can be easily applied to any industry and is an incredibly useful way to understand current and future market environments. There are five primary ways understanding VUCA can help your company stay relevant in a constantly changing market, regardless of what you’re bringing to the table:

1. Learn to Adapt

One of the primary elements of VUCA is that anything can go wrong at any time. If you want to succeed as a sales professional, then you must learn how to adapt to your environment. Staying up to date with the market through external sources such as magazines, blogs and podcasts, and discussing industry trends with your teams will help you gather the information you need to adapt.

2. Gain Confidence in Yourself and Your Team

VUCA also reveals a lot of hard truths. Therefore, you and your team need to be prepared for anything that the market might throw at you. Finding creative ways to build confidence in yourself as a salesperson and for your team to gain confidence as a cohesive unit will help you cope with whatever comes your way.

3. Accept Novel Ideas

When it comes to dealing with VUCA, it’s important you keep an open mind. Allow your peers to voice their out-of-the-box ideas and listen to them, because in all likelihood, this will be uncharted territory and you never know what’s going to work. Keeping this flexible and agile approach could help your company to potential growth and being able to stay relevant in a changing landscape.

4. Build Bridges with Clients and Colleagues

Having a trustworthy team and loyal clients will help you to confidently face any complexity. Investing in relationships will allow you to build a tight knit community that can sustain your business despite the uncertainty a volatile market environment can bring. While these relationships won’t change the situation you find thrust upon you, they will positively influence the decisions you make

5. Stay Determined

Having to deal with VUCA is not ideal. In fact, it can be downright harrowing. What’s important is that you keep moving forward, adapt to the changes that come your way with confidence, foster a sense of ingenuity in your team, and build up your business community. Above all, stay determined and keep plugging away. It won’t last forever.

May 18th, 2023

What To Do If You Can’t Sell Anything

Working in sales can sometimes leave you feeling like you’re lost in space. It’s a griding and daunting endeavor with no clear end in sight. The little light you do see at the end of the tunnel seems so close but always just out of reach.

If you’re selling something niche, or even if you’re just new to the business, you need to be prepared for the general public to be wary of your efforts as selling today is harder than it has ever been, especially when it comes to face-to-face interactions. In fact, there is a high chance that most of your sales pitches will be met with a lot of skepticism.

When faced with such resistance, it can become difficult to maintain trust with your customers and close deals regularly. It’s not uncommon in sales to run into a slump or a roadblock which can make you question whether it was the right career choice for you.

However, all salespeople experience doubts about their abilities at some point in their careers, even the very best of the best. To overcome this temporary setback, you must learn how to change your perception of yourself. If you’re feeling lost, these four tips will help you ground yourself and move forward as a confident salesperson:

1. Sell to Yourself First

Most salespeople try to either craft a pitch in their head right before they meet with a prospect or come up with something on the fly during the meeting. While a rare few can pull this off, most salespeople who go in without a plan will stumble.

Once face-to-face, many forget what they had hoped to say, lose the flow of the conversation, say things that don’t sound as good as they thought, and seem come across as completely unprepared. This will often confuse, annoy, or even anger potential customers and make you seem like you have no idea what you’re doing.

It is important to properly plan your pitch. Write down any points you know you need to cover and anticipate questions the prospect might ask you. Then, find someone to practice with and go over it until it is succinct and engaging.

When practicing, try selling your pitch to yourself first by recording yourself with your phone and then watching it back. If your pitch doesn’t sound appealing to you, it likely won’t appeal to anyone else. Recording yourself allows you to watch your performance closely afterwards, thus allowing you to make necessary adjustments before you go toe-to-toe with a prospect.

You should also consider the flow of the conversation as well as how natural it sounds. While you don’t want to be too formal and rigid – as it would show a lack of passion – you don’t want to be too casual either.

Don’t use words – fancy or slang – that you otherwise wouldn’t use in a regular conversation. Don’t ever use any words that you’re not 100% sure of the meaning of. Remember, nobody likes jargon or cringey buzzwords so relax, stay within yourself, and keep the conversation flowing and easy to understand.

Finally, come up with ways to convince yourself that your services are worth it. If your product sounds like something you’d be interested in, it’s more likely to be of interest to others.

2. Really Know Your Product

If you don’t understand your product, you won’t be able to convince anyone of why they would want it. Research your product thoroughly and be prepared for any question your customers might throw at you.

There’s a very good chance your customers have already done their own research and are looking to see what sets you apart from your competitors. So, during your research, make a note of information and details the typical buyer does not have access to. If they have a specific problem, you must be able to demonstrate why your product or service is the solution.

3. Make It About the Customer

While it may sound harsh, customers don’t care about you, they care about what you’re selling. When crafting your pitch, keep the focus on why your customer may want your product.

If you can, do your homework on your customer and their business and tailor your pitch to their specific needs. Avoid generic pitches and always have a sincere desire to help the customer, answer their questions and show them proof your goods or services will do what they need them to do.

4. Quit Overthinking It

Finally, relax. You don’t have to know everything and not everything has to be perfect. Overthinking things may result in more mistakes and might make your pitch messy. Stay in the moment and show that you’re interested in helping them. If you’re well prepared, you’ll be able to stay more relaxed which will also help your prospect to relax. Without their guard up, you may just find it a lot easier to sell them on your product or service and seal the deal.

April 28th, 2023

What Executives Look for in a Sales Pitch

When a sales professional pitches their services to a decision-maker at another company, they need to understand the bar is higher than normal and that executives expect more than your standard run-of-the-mill pitch.

In fact, they’ll be on the lookout for a whole range of things that a regular customer may not.

While service will be the main thing that they look, it’s important to understand the sales professional plays a key role in the decision making. Top executives don’t have a lot of time and if a sales professional’s pitch doesn’t impress them – and quickly – they are likely to lose interest and move on.

Executive sales coaching can help teach sales representatives how to impress decision-makers and what qualities they look for when it comes to the pitch and the rep’s personality.

Executive Presence, Passion, and Confidence

The best sales professionals tend to have an air about them. In executive sales coaching, this is known as executive presence. It is the feeling of authority and trustworthiness that a good salesperson gives off even when they’re around the high-ranking executives of another company.

Many qualities go into having an executive presence such as effective communication skills, adaptability, and consistency, all of which will instill trust in a buyer. But what will be immediately recognizable are the intangible elements, confidence, and passion.

In his new eBook Developing Executive Presence, The Salescoaching Institute’s CEO Doug Dvorak said: “Executive presence is something that must be cultivated and developed over time. And it all starts with confidence.”

While much of what goes into an executive presence can’t be measured, they are definitely noticeable when they are missing. In fact, according to many C-suiters, the absence of an executive presence can make a sales professional appear out of their depth or even untrustworthy. It is therefore critical that sales representatives exude passion about what they’re selling and confidence in its effectiveness.

Consistency and Integrity

Given how precious their time is, if a decision-maker even gets a whiff of inconsistency or a lack of integrity, you will lose them as a customer or prospect. Remember, a lot of these C-suite types know each other and talk about how their jobs are going so it’s important you are always “on” because, as they say, “word gets around.”

If, for example, a sales professional is talented when it comes to selling but is unpredictable and leans towards a lack of professionalism, it will catch up with them.

Likewise, if a salesperson lacks integrity and doesn’t honor their word or overpromises (or lies) during the pitches, it will also damage their reputation and cost them future business and referrals. A good reputation will go a long way in ensuring that a decision-maker trusts you and wants to hear your pitch.

Presentation and Communication

Unlike developing an air of confidence, killer presentation skills are techniques that you can learn. If you want to catch a big fish, you’d better have a big hook. Executives at other companies are far more likely to be interested in what you’re selling if the information is presented confidently and concisely.

Proper presentation involves keeping the focus on the customer, their needs, and how you can help them solve any problems they may be facing. You do not want to stay focused on your product or service and leave it to them how to figure out how to use it.

Be clear and concise and only present enough information to inform. More is rarely better as you don’t want to overwhelm them or waste their time. All they will remember is how you made them late for their next appointment.

Finally, a good presentation involves asking the right questions and answering those questions in an effective way. Ultimately, good presentation skills are good communication skills that allow parties to come to a mutual understanding.

Filling a Need

However, all of the previous information will not mean a thing if goods or services don’t actually fill a need at the company you’re pitching to. You should know what they need better than they do before pitching to them.

As marketing whiz Gabe Larsen wrote on Hubspot: “No one wants to hear a general pitch that would apply to any business. Research their vertical and use the information you found to personalize the pitch immediately.”

Bear in mind, it is also important you can provide proof that your goods or services will solve the problem you tell them they will solve. Demonstrating how their company will benefit from what you’re selling is undoubtable the best way to make a sale.

March 31st, 2023

The Pros and Cons of Hustling in Sales

In sales, hustling is a commonly used word. Traditionally, when a person called someone a hustler, it meant that they were a con artist. However, in the current business climate, hustling means something completely different and is associated with having a very strong work ethic.

To hustle means to work as hard as you can and to do whatever it takes to achieve your goal. While this does come with some drawbacks, hustling can bring a lot of benefits to your sales performance as well.

The Pros of Hustling

Hustling not only means to strive for excellence but also to strive for what you want in life. Those who act passively rarely get all that they want out of life as they simply coast and do the best they can off as little effort as possible.

But those who put their passion into what they do and give it their all, even if they find the work itself to be a struggle, will always achieve great things. This applies to all those sales professionals who meticulously research a prospect before the first call and work long hours to ensure their customers are happy after the sale.

It has been said that sales is the highest paid tough job or the lowest paid easy job you will ever have. Unfortunately, the truth is a lot of sales professionals are happy enough with what they are making and don’t want to go the extra mile to make more money.

However, those who think that way tend not to earn very much, and their possibility of upward mobility is severely limited as a result. Those who work as hard as they can get noticed and are rewarded for their efforts both financially and with better career opportunities.

Admittedly, this isn’t always the case and there are those fortunate outliers who have a lot of sales literally fall into their laps. However, they are playing a game of chance while those who keep their nose to the grindstone are always seen as valuable and will be successful at a much higher rate.

Incidentally, being a hustler includes having the drive to go find another job that pays better and is more fulfilling than the one you’re in if it’s not checking all the boxes for you.

Sales expert Anthony Iannarino once wrote, “You act with a sense of purpose, and meaning, and mission, and urgency, and you run and grab what you want because you’re running out of time.” Life is short and spending that time waiting for the workday to end and doing nothing to make your life better will only diminish you.

The Cons of Hustling

With all of that said, there can be a fine line between being someone who hustles and a workaholic. It is important to have a work-life balance and not overwork yourself.

Keeping your nose to the grindstone too long every day can lead to some fairly serious physical and mental health issues. Exhaustion and stress can have hugely negative effects of your body leading you to miss more work and possibly even die younger. This is a significant problem in countries like Japan which has a very unbalance work-life culture.

In addition, exhausting yourself mentally can cause burnout, which isn’t something you can just power through since it usually makes your overall work worse. Remember, it’s okay to take breaks and let yourself rest; not only will you feel better, but your work will be better, too.

Martin O’Donnell, a composer for the video game industry, once described how employees should be treated, “Be nice to the goose.” This advice for bosses and managers who push their teams too hard can also be applied on a personal level.

Just as Aesop’s goose would stop laying golden eggs when mistreated, your mind and body will stop performing at a high level if you don’t look after them.

Conclusion:

It is important to keep in mind that while it is critical to hustle if you hope to increase your chances of getting everything you want in life, it is extremely important that you are strategic about it.

Learning to hustle and to work as hard as you can to achieve a goal is the number one way to be successful in today’s business world. Just be sure you don’t literally work yourself to death in the process.

March 13th, 2023

The Leadership Skills You Need to Run a Sales Team

One of the most crucial parts of any sales team is a leader who is effective in their role.

Sales leaders have many responsibilities such as developing and implementing sales strategies, making short and long-term goals, and helping their teams in becoming the best sales people they can be.

Sales leadership coaching is about teaching the leadership skills and strategies needed for a VP or team leader to be successful in their role. However, there are fundamental skills that are critical for any leader to understand.

These skills not only contribute to making them a more effective leader in general but can directly translate into the success of their sales team. From communication and relationship-building to strategic thinking and flexibility, the following skills should be taught to anyone entering a leadership role, especially to one in sales:

Effective Communication

Communication is critical in ensuring everyone is on the same page. Effective communication involves a leader making sure that everyone has a mutual understanding of what their goal is and how to accomplish it. Skilled communicators are also honest (i.e. not misleading anyone or withholding information) which includes applying proper feedback, while still being constructive.

However, capable leaders will not only know what to say, but how to listen to their team. This involves allowing a team to have open discussions, asking questions, bringing up issues, and hearing their ideas, ultimately making sure everyone knows that they will be heard.

Relationship Building:

A disconnected leader in charge of a disjointed group of what are essentially strangers can cause significant problems in the short and long run. Teams that are connected with each other combined with a leader who actively engages with them while promoting a positive environment can go a long way. Doing so will facilitate trust, encourage open communication, and basically make the entire team run more effectively. This involves taking an interest in each member of the team, providing specific feedback and support to those members, and treating each with respect. These are the characteristics of a leader that a team wants to follow.

Flexibility and Adaptability

An effective leader understands that not everything will go according to plan and will be adept at adapting to any unforeseen challenge. Curve balls can include a previously effective strategy stops working or they find themselves in a compromising position that is out of their hands. Effective sales leaders know how to work around these scenarios and push their team forward.

However, a successful leader must also be flexible with their team. A team member may be going through something personally or having difficulties with a new work concept. It is important for a leader to be empathetic and to – within reason – make adjustments to cater to their needs; by the way, this also applies to clients. Doing this creates a positive work environment that makes them more effective in the long run.

Working Strategically

An effective leader should also know how to effectively introduce new strategies to their team in addition to making sure the team is adhering to existing strategies that work. Leading sales leadership coaching not only teaches team leaders what strategies they should follow and how to keep up with current trends, but also how and when to implement those strategies.

Any sales strategy worth its salt will help teams be more efficient in completing tasks, resolving conflict with clients or other team members, or simply just understanding how to solve a straightforward problem. Being a successful leader also requires top notch time management skills and an understanding of what problems are worth their time. Wasting time on pointless endeavors can be the death-knell of any sales team.

Consistent Improvement

A top leader must always seek to improve themselves and facilitate growth among their team members. They must be able to understand where their strengths and weaknesses lie.

They should also actively work to improve themselves, whether it be learning new strategies or skills. A leader who sets an example of constant improvement will be well-respected by their subordinates and more successful in their role. Setting an example like this can go a long way to transforming a good, or even an average team, into a great one.