In: Categories » Business » Strategic planning » Sales Excellence Requires More Than Educated Guesses
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For any activity you have excelled at, it is likely that you have been able to measure your progress in real time. Your progress determines what adjustments you need to make to improve your performance. Think about it: In golf, you keep track of strokes on each hole; with diets, the number of pounds lost per week; with school, your grades on tests; with stocks, your monthly return on investment; and the list goes on and on. Selling is no different if you want to excel at it. You must be able to measure your progress in real time as well.
Most selling methods divide the sales process into the following four basic stages:
You cannot use these stages to measure your progress. They are broad descriptions rather than specific events. Each salesperson determines when one stage ends and the next one begins. With ever-changing starting and ending points, salespeople (and their managers) find it difficult to evaluate the progress and potential of opportunities. For example, if you have two sales opportunities that are both in the qualifying stage, does that mean they are both at the same point with the same potential? Absolutely not! Furthermore, these four stages can not help you to answer your most important question, which is "How did I do in my sales call?" This question lets you measure your progress and crosses your mind every time you conclude discussions with customers. Typical answers to this question usually consist of two after-the-fact responses and one well-intentioned guess.
The first two after-the-fact observations leave nothing to the imagination. You know the final score, and you either celebrate a great victory or learn from a lousy defeat. It is the third reply whose outcome remains in doubt—as does your ability to sell value and increased sales. Everything depends on how your undecided "okays" turn out. Two conclusions jump out at you. First, your okay answers are really guesses. After all, okays in selling are always followed by a silent "I guess" or "I think." Second, uncertainty about your potential for a successful sale means possible wasted efforts and missed opportunities. Ask yourself what method you used to determine your answers. They probably range from personal or professional judgments to instincts or gut feelings to experiences or, simply, educated guesses. These replies, even though honed by time, remain subjective. They do not provide a measurable way to gauge and influence your progress. The value of these subjective indicators increases greatly if you use them after taking measurable readings, not before.
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