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Why salespeople fail?

  1. 1. Why Salespeople Fail? www.spc.sandler.com
  2. 2. Common Problems Long sales cycles Unmet sales forecasts Bad sales habits Many price concessions Lack of common culture or methodology Salesperson turnover Other…
  3. 3. Attitude Behaviors Technique Root Cause is 1 of only 3 things (or a combination)
  4. 4. Six Sigma Manufacturing A strategy to become world-class through process improvement An emphasis on better, faster, lower cost An evaluation of all aspects of a business A definition of value from the customer’s perspective A focus on knowledge-based decision making A commitment to cultural change A journey, not a destination
  5. 5. Methodology 5
  6. 6. Capability 6
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  9. 9.  Average salesperson makes 2 attempts to reach a prospect.  80% of sales require 5 follow-up phone calls after meeting.  Only 25% of leads are legitimate and should advance to sales.  Companies that excel at lead nurturing have 9% more sales reps making quota.  Companies that automate lead management see a 10% or greater increase in revenue in 6-9 months.  Businesses that use marketing automation to nurture prospects experience a 451% increase in qualified leads.  2007, average of 3.68 cold calls to reach prospect. Today it is 8 attempts.  15% of every sales reps’ time is leaving voicemails.  Every year you will lose 14% of customers.  Top salespeople use LinkedIn at least 6 hours per week.  82% of buyers viewed at least 5 pieces of content from winning vendor.  Businesses with websites of 401-1000 pages get 6x more leads than 51-100.  Alignment of sales and marketing impacts revenue growth up to 3x.
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  12. 12. Why Have a System? What is a system? Systematic series of actions Defines HOW something is done A course of actions that leads to a resolution Provides the order of specific actions If it is effective – Provides consistency If it is efficient – Achieve with minimal resources
  13. 13. Benefits of an Effective Selling System  Control the process  Saves time  Stay on track  Recognize problems early  Focus on prospect, not what to say next
  14. 14. Positive Results of the Sandler Selling Process FOUR POSITIVE RESULTS:  Get a yes!  Get a no! o Learn a lesson o Save time  Get a referral  Get a clear, well-understood future
  15. 15. Present Overcome Objections Close Evolution of Sales
  16. 16. Identify Needs Present Close Overcome Objections Evolution of Sales
  17. 17. Shop for Interest rate on Mortgage Buy a Car Remodel Your Kitchen Think About… You as a Buyer!
  18. 18. Buyer Seller Dance Seller Buyer Contact Interest Reserved Opportunity Free Information Close No Commitments Hide “Problems manifest here”“Problem start here” “Training” Chase
  19. 19. Sandler Training System Establish the Relationship Qualify Close “Our job is to fill each compartment with water so the client cannot go back”
  20. 20. We Want to Change Your Life Forever…For the Better

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