Monthly Archives: March 2017

Managing Millennials

Sales management has always been a balancing act between supporting people to achieve more, and pushing them to go beyond what they think they are capable of. In today’s environment of motivating, encouraging and driving performance from the “so-called” millennial generation, there is even more to balance.

Today’s millennials are an interesting blend of being super smart, intuitive, and demanding. Many feel they deserve more than they have perhaps earned yet – more money, a promotion, or even part ownership of the company after 6 months. You know, just like many of us did!

The bottom line is that in many ways millennials are not all that different than the way any other generations were, they are just more vocal about it. And good for them. I’m all for promoting, encouraging, and having people on my staff who feel they can do more.

When it comes to managing this part of the work force, some interesting challenges emerge. Some managers try to fit in with the millennial group (or are even millennials themselves), and they try to lead by getting others to like them. Managers who do this frequently lose their ability to direct their teams because they are afraid of exercising authority for fear of alienating their team members.

The problem is that most managers and other figures of authority — Directors, V.P.’s, and even Business Owners — have never been taught how to properly exercise authority and command respect as leaders.

If you find yourself in this position, follow this proven, 5-step method for exercising authority. It will not only get results, but it will establish, or re-establish, your role as leader of your sales team or department – regardless of their generation.

#1) Make sure your instructions are clear. Having ambiguous goals, or methods of achieving them, automatically undermines your authority and dooms many projects from the beginning. Rule #1 — be clear on the goal and the instructions on how to accomplish it. After you have delivered them, ask your team if they have any questions about what is required, so problems can be cleared up from the beginning.

#2) Encourage people to approach you if they run into problems. Establishing open communication and feedback early on is crucial to avoid big disappointments later. Helping team members resolve problems as they arise ensures quick resolution, continued progress, and good morale.

#3) Take action quickly when you learn of any real problems. Failing to act quickly once you learn of a problem, or putting it off for days or weeks, not only undermines your authority, but also kills morale and confidence. Problems tend to get bigger the longer they go unresolved, and your job as a leader is to solve problems not avoid them.

#4) Insist your team report all the news — good and bad. So many companies treat bad news like the plague. Sales teams are taught to “always be positive,” but an attitude of “always be accurate and let’s find a way to succeed,” is more productive (and realistic). In meetings and one-on-ones, your goal should be to motivate as well as problem solve. Always encourage your team to report all the news.

#5) Use crises as an opportunity to develop people. You are a leader for a reason! Rather than shy away from a crisis (a big deal lost, unexpected bad news, major delay in delivery, etc.), teach your team members how to find opportunity in crises and how to grow as professionals and as people. Focus on the skills or attitudes that are needed to overcome the situation, and work with them to develop and strengthen them.

This 5-step method to exercising authority is powerful and will establish you as a leader and as the “Go To” person in your company. And isn’t that why you are in a position of authority to begin with? Redefine your position of leadership by using and expanding on the 5 secrets above, and involve and build your team while you lead them to greater heights.

How to Handle: I looked it over and not interested

Don’t you hate it when you get back to your prospect, you’re ready to give a great pitch, you need the sale, and…and….they tell you they looked it over and they’re not interested!

Wait a minute! You want to scream. Just give me a chance….

Believe it or not, there is a way to deal with this. And it’s the same way to deal with every other recurring sales situations you get: Be prepared with a solid script – or two or three.

The secret to getting past this objection/resistance statement is to not only be prepared for it, but more importantly, to be prepared to overcome it two or three times. Sometimes it takes that kind of perseverance to get into your pitch and get the sale.

So here are three proven scripts you can use the next time your prospect tells you “I looked it over and I’m not interested…

Response #1:

“I understand, and that’s perfectly OK. At first a lot of people I speak with don’t fully understand all the ins and outs of this and that’s why I’m here. Before you make a decision though, let’s do this. I’ll take just a few minutes to explain how this might help you, and if, after you understand it, you still think it’s not for you, we’ll part friends. Do you have that information handy?”

Response #2:

“I didn’t expect you to be interested; heck, our marketing department hasn’t yet figured out a way to get our prospects to call us back – and that’s why they hired me!

But seriously, this (product/service/investment) has some great features that aren’t readily available in the (demo/material/information) I sent you, and it’ll only take a couple of minutes to find out if they would be a fit or benefit for you.

Tell you what, do yourself a favor and spend a few minutes with me to find out how and if this would be right for you. Grab the information/quote/brochure and let me cover a few things – do you have it handy?

Response #3:

“I understand, and believe me, I get that a lot. In fact some of my best clients said that at the beginning as well. But I’m sure you’d agree that any decision you make, whether it’s a yes or a no – and I can take either one – is best made once you understand all the facts, isn’t that right?

Well ________ I’m here to help you learn those, so do yourself a favor and grab that information, and let’s briefly go over it. If at the end it’s not for you we’ll part friends. Do you have it handy?”

Now, take some time and reword them slightly to fit your personality, your product or service. Then get in the habit of using them over and over again. What you’ll find is that more and more prospects will actually let you pitch them, and some of those will buy!

If you found this article helpful, then you’ll love my Completely Updated and Revised eBook, “The Complete Book of Phone Scripts.” Now over 200 powerful and effective scripts to help you easily get past the gatekeeper, set appointments, overcome objections and close more money!

Visit: http://mrinsidesales.com/completescripts.htm and find out why Jeffrey Gitomer, Brian Tracy, Tom Hopkins and many others recommend Mike’s ebook of Phone Scripts!

 

Why the ‘will to win’ isn’t enough…

“It’s not the will to win that matters – everyone has that. It’s the will to prepare to win that matters.”  –Paul “Bear” Bryant, football coach

It took a long time for me, as a struggling sales rep, to understand the difference in attitude and action this quote speaks to. But once I did, my sales results (and my life) changed.

I used to be an inside sales rep, a financial broker selling LLC partnerships, in a company with 25 other reps. The company had the top 20% reps doing 80% of the sales. I wasn’t in that group, rather, I was bringing up the rear. Sales were hard to get, and as a result, my life as a sales rep was hard as well.

I wanted to do better; I had the will to win, but what I lacked was the will to prepare to win. I was one of the reps who came in right before my shift began, and I went for the coffee and donuts first. I hung around there talking about the latest sports scores with the other bottom producers. I couldn’t wait for lunch time, and by Friday, I didn’t work too hard.

After a series of events, I finally got sick and tired of being sick and tired, so I made a commitment to give my profession as a broker all I could. I decided to do what was necessary for me to move into the top 20% of the producers at the company. And that’s when I learned what the ‘will to prepare to win’ meant.

To start with, I started showing up an hour before work began, and I headed straight to my desk to begin making calls. This began to pay off as some days I’d have a deal on the board before other reps headed for their coffee and donuts.

I spent my lunch hours listening to my calls and critiquing them. Yes, I was horrible in the beginning, but I was committed to finding ways to make them better. And I did.

At night before I went home, I took an extra half hour to lay out all my leads and call backs for the next day so I could hit the ground running when I got in. And then I’d listen to my calls in the car on the way home and make adjustments to the scripts during the evening.

Before I went to sleep, I focused my subconscious on closing the leads I had laid out, and I dreamt of ways to close them. I visualized how I would feel once I became a top closer, what I’d do with my first bonus check and how good that would feel as well.

After 90 days of doing this, I became the top producer in the company. Suddenly I knew the difference between the will to win and the will to prepare to win. I also found that I wasn’t alone. There with me in the mornings and in the evenings were the other top producers.

Today, I find that I can do just about anything if I’m willing to put in the time to prepare to win. You can too – if you’re willing to put in the time.

The question is, are you?