Blog

  • 5 Common failings of B2B sales leaders and managers

    In sales no one is perfect. I’m certainly not. In fact, over my 35 years in this wonderful profession (more than 20 of them in executive sales leadership) there probably isn’t a mistake that I haven’t made. What helped me to be successful was my discipline to learn from them, to continually educate myself on best practices and to evolve my abilities according to my industry and marketplace.

    I’m also a great believer in the need to differentiate, not only my company and proposition but also myself with colleagues not just customers. I never wanted to be a typical sales leader, sales is a team sport which requires good cooperation, collaboration and communication between individuals, teams and departments. The more you do this internally the better positioned you are to be a better sales leader.

    The 5 common failures of sales leaders below are an accumulation of personal experiences as well as observations of sales leaders that worked for me, those I worked with or those I have coached or trained.

    Assume not know

    It’s easy for sales leaders to assume. They juggle so many balls at one time that often they don’t always take the time to understand enough about what their sales people know. I’m not referring to product or service knowledge or marketplace context for their proposition, this is knowledge about the who, why, what when and how of the companies they’re trying to sell to.

    Many businesses invest in proven sales training methodologies, the basics of most are similar in many ways in that they rely on the sales professional asking good business questions that enable them to understand the problems, needs and outcomes to help them build rapport and trust with prospects. Having invested in training there is rarely follow up checking and coaching to monitor what has been implemented. Sales leaders are so busy being busy that they assume that the logical process of understanding the prospect has been carried out correctly.

    There is damning research information that shows that the majority of B2B sales people don’t know what they need to know. Sales leaders perpetuate this problem by not knowing that their sales people don’t know this. The devil is in the detail and all too often it’s bypassed.

    Focus on the numbers not the actions

    OK don’t start screaming that we’re in numbers based roles. Numbers make the sales world go around we all know that, but, it’s what you do that determines if you achieve them. Numbers are the outcome of the actions that sales people complete, no actions, or the wrong ones, can have a devastating effect on performance.

    This failing is inextricably linked to the previous one, if you don’t know what you need to know then how can you do what you need to do. Think about this for a moment. It’s probably safe to say that around 90% of everything that the average sales person does is ineffective in that it doesn’t generate a result. This may sound harsh but when you consider the number of lost deals or no decision deals then you’ll see why it’s so high. Even when a deal is won there will have been activities completed that had no bearing on the final outcome.

    One of the most valuable things in sales is time, so how sales people use it is vital.

    Make sure that your team understands what’s important to the prospects business as well as the individual members of their buyer team as well as how they will run their buying process (you may find they don’t have a fixed buying process and will need your guidance and advice to help them). Then build your action plans around their buying process not your internal sales process.

    If you have well thought out, scheduled and executed actions there’s more chance that the numbers will take care of themselves.

    Command not coach

    The very best sales leaders understand that they can positively impact their sales team by effectively coaching and developing them. Unfortunately, most sales leaders command their sales team on what they have to do and subsequently what they did wrong, and in sales commanding is considerably less effective than coaching.

    All too often companies invest in training their sales teams but not their sales leaders as there’s an assumption that they’re good sales people so it’s logical that they can spread that ability to others. Wrong.

    When you command you don’t build trust you build fear of failure and the repercussions. Great sales leaders coach team members by being non-judgmental and allowing individuals to be open in discussions of behaviours and performance challenges.

    Sales people don’t like being told what to do, successful sales leaders achieve agreement on the “what” and use effective questions on the “how.”  They let the sales person own the solution which leads to better execution and better people development.

    In opportunity debriefs don’t be too quick to offer feedback, let sales people self-evaluate what they did well and what they can improve upon.

    When it comes to self-development encourage them to choose which areas they need to improve upon as it creates a greater desire to improve as they are the one making the commitment.

    Great questioning with your sales people is as vital as it is with your prospects. Use open questions to help them build their plan of action and then hold them accountable for following through on their commitments with regular follow ups and reviews.

    A great sales leader will bring the brilliance out of each individual, not try and impose their brilliance on them.

    Manage not lead

    This is not about doing one and not the other it’s about doing both. Management is a fundamental part of being a sales leader, I tend to think of management as all the process stuff, the day to day responsibility that forms a large chunk of a sales leaders’ activities. Sales leadership is more strategic and comes as a result of setting the vision and strategy, devising a sales process and sales effectiveness plans, as well as about defining the culture of the sales organisation. Whilst good management can improve things, good leadership inspires a sales team to want to follow the leader to success.

    The sales team follows them because they want to and because they know that this will bring about a positive change. There are many organisations that have good sales managers, not enough have good sales leadership.

    The sales leader empowers sales team to succeed. As a result, the sales leader is the person who must lead the sales organisation to generate predictable and repeatable revenue for the company.

    Here are a few pearls of wisdom that sum up the role of a leader beautifully

    “A leader is one who knows the way, goes the way, and shows the way” – John Maxwell

    “A good leader is a person who takes a little more than his share of the blame and a little less than his share of the credit” – John Maxwell

    “Leadership is the art of getting someone else to do something you want done because THEY want to do it.” Dwight D. Eisenhower

    There is one last critical point, today’s top sales leader are now data-driven. For the sales strategy to be effective and for the sales leader to lead the sales team in the right direction, they must be analytical and make decisions based on real data, not just on gut instinct.

    Indecisive not decisive

    Nothing spreads negativity faster than being indecisive and sales people sometimes feed on indecisive situations as contributors to their own failings.

    Uumming and aarghhing in sales people impacts their individual performance, in sales leaders the impact can spread across the entire team’s performance. Delays on decisions create knock-on effects that can be far reaching. Some leaders postpone tough decisions with the rationale that they aren’t hurting their team if they wait until things look clearer and an obvious decision can be made, but it couldn’t be further from the truth.

    Making decisions is one of the riskiest part of a sales leader’s role, but it’s also one of the most important. When decisions need to be made, gather the facts, analyse the situation, consider alternatives, and decide on the best course of action, and do it quickly and positively!

    Once a decision is made, get on with it, it’s time for all members of the team to get behind the decision with 100 percent buy-in, even if it differs to their recommendations. Business is not a democracy, someone has to make decisions for the greater good of everyone in the sales team and company.

    Decisive managers understand that their decisions may not be perfect and some adjustments may be needed. They don’t hesitate to modify or alter their decisions when it becomes clear that the original decision isn’t working as planned.

    The best sales leaders know that making a decision and taking action is almost always better than taking no action at all.

    Excuse not Enforce

    Why is it that sales leaders enforce rules with new or under performing sales people and excuse experienced or high performing sales people? I’m talking about following sales processes and utilising sales tools that underpin and support the sales organisations strategy and vision.

    How does it look to the wider team when some do and some don’t, it pisses them off and why wouldn’t it? This inconsistency negatively impacts the stability of the successful team culture you should be striving to achieve.

    Don’t excuse team members who want to cut corners or bypass processes or tools because of the old chestnut that they’re too busy closing business. If what you’re asking them to do isn’t a ‘jobsworth’ task that has no importance then enforce it.

    When sales processes are designed and sales tools implemented it’s important that they’re explained and understood, sales people are tough judges and if they don’t buy in to how it will help them, then they’ll be resistance. By doing this early you’ll minimise excuses and reduce the need to enforce.

    So, in conclusion I’m sure there are plenty of other failings that we could be accused of and I’d like to go back to my opening statement, no one is perfect so perfection cannot be achieved. But each of these 5 failings significantly impact your ability to be a good sales manager and leader, so take a moment to consider which ones apply to you and spend time working on your leadership improvement plan.

    Check out my blog ‘Don’t Know Syndrome’ is the curse of B2B sales

  • 5 major benefits of Boxxstep BRM for Sales Leaders

    Complex B2B sales are now tougher than ever and the decline in sales team performances has been evidence to this fact. The reasons include:

    • Longer sales cycles
    • Prospect expect to receive real business value not just product or service differentiation
    • Larger buyer team
    • And better informed buyers

    These have all have added to the challenges that face B2B sales professionals and sales leaders in   today’s demanding marketplaces.

    CRM is the platform of choice to manage everything prospect and customer related, however, it focuses on general details including the pipeline and forecast numbers and the communications, it doesn’t manage the prospects problem, people or buying process.

    Boxxstep Buyer Relationship Management (BRM) has been created to fill the void and help sales people to sell more effectively and complement your CRM platform.

    Boxxstep is not just another sales tool to add to the complications of selling, it’s been created by sales professionals for sales professionals, and enables sales leaders to manage and coach their teams as well as improve important sales KPI’s.

    Encourage Sales Best Practices and Coach your team

    Execution of sales best practices are on the wish list of most sales leaders because they know that they positively impact performance results. Many companies invest in sales training to reinforce sales processes and methodologies; however, few are maintained as sales people default to unstructured sales engagements.

    Boxxstep enables users to capture, manage, share, review and action all of the important prospect buying information and buying process details by showing or reminding users about what’s required to plan and execute a successful sales engagement.

    This includes understanding business information such as:

    • Business problems, symptoms, impact and who’s affected
    • Motive and urgency for the opportunity
    • Return on investment or outcomes that the prospects want to achieve
    • Business needs, considered and unconsidered
    • Decision making processes, including stakeholders and dates
    • And of course, the competition, who are they and how well positioned are they?

    B2B selling is like building a jigsaw puzzle, without all of the pieces in place you can’t complete it. Today’s larger buyer teams have resulted in consensus or committee-based decision making, adding complexity for B2B sales professionals who need to understand the buyer team and what’s important for each of them, so that they can be engaged accordingly. Here are a few examples:

    • Your planned business focused questions and the responses provided
    • Their role and buying power
    • Their style and information level requirements
    • Their challenges, criteria and concerns
    • The value your solution provides for them from a business, functional or personal perspective
    • The insights you have provided to help them
    • Their objections and your responses
    • Their view of, and relationships with, the competitors
    • Buyer team role, reporting lines and internal dynamics organigrams

    Boxxstep includes the important questions that need to be asked and answered during a complex B2B sales engagement, and as such can add clarity and accountability to the process

    Improve Opportunity Qualification

    Research shows that over half of all B2B deals forecasted in the last 12 months didn’t close for anyone, the prospect retained the status quo. Think about what that means in terms of your resource costs and the dilution of your focus from opportunities that will happen and you have a genuine chance of winning.

    Sales qualification is a perennial problem for sales leaders and effective process improvements will have a significant impact on your sales performance.

    The Boxxstep structure encourages users to assess their proposition fit for the prospect as well as ask better qualification questions and capture the responses.

    • Priority level to address the business problem
    • The consequences and impact if they do nothing
    • Does your proposition address the known business problems or needs of the prospect?
    • Does your solution provide business value to the prospect?
    • How well does your proposition address the known technical requirements of the prospect?
    • Proposition fit for the financial or budget requirements of the prospect?
    • How well is your company positioned to do business with this prospect?
    • Strength of the competition in this opportunity?

    Using Boxxstep should result in a minimum of 20% improvement in the vast majority of sales team’s opportunity qualifications.

    Improve opportunity forecasting accuracy

    The words forecasting and sales are inextricably linked because one is supposed to relate to another. Unfortunately, forecasting accuracy is as much of a problem as opportunity qualification for sales leaders.

    Existing CRM platforms are structured or customised with arbitrary sales stages that reflect the internal sales process not the prospect buying process, and forecast probabilities are calculated based on where the sales team believes the prospects is in relation to their internal sales stage.

    To enhance your forecast accuracy Boxxstep provides a ‘Win Potential’ percentage that is calculated based on the information entered into the platform. This includes:

    • The process stage when you engaged with the prospect
    • Business priority, urgency and consequences
    • Proposition fit against the prospects business, technical, and financial needs
    • Unconsidered prospect needs provided
    • Strength of the competitions relationships
    • Your relationships with decision makers, approvers and influencers
    • Preferences and access to the decision makers, approvers and influencers
    • Planned actions with the key members buyer team
    • Insights provided to the buyer team
    • Detailed understanding of the buying process, including stakeholders and dates

    Using Boxxstep should result in a minimum of 20% improvement in the vast majority of sales team’s opportunity forecasting:

    Improve opportunity conversions

    There is a simple principle in sales in that ‘If you don’t know what you need to know how can you do what you need to do’. Knowing and doing go hand in hand.

    B2B sales is also like a game of chess, it’s strategic and requires well thought out moves to gain a strong position.

    If you’ve qualified the opportunities correctly then you’ll be focused on winnable real deals, so the ball’s now in your court.

    Boxxstep helps you to be organised as an individual, and as an account team, after all selling is now a team sport.

    • It helps you to capture the drivers for change so you can make conversations, presentations and proposals relevant and focused on deliverable business value.
    • It helps you to understand and work with each member of the buyer team, and set and track the steps you need to take with them
    • It helps you to build a picture of their buying process, so you can be on hand to advise them at each stage based on your experience and knowledge of providing similar solutions or others
    • It helps you to visualise the who, why, what when and how to navigate the account
    • It helps you set and track your objectives and tasks within the opportunity that will help you to achieve your goals

    Selling today is as much of a science as it is an art, Boxxstep helps your sales team to be sales professionals and to organise sales engagements in a way that shows they are trying to help prospects not sell to them. Nobody wants to be sold to anymore.

    Boxxstep BRM helps you to Identify, Understand, Visualise, Collaborate and Plan your sales opportunities.

    Using Boxxstep will result in improving your sales team’s opportunity conversions, by what percentage will be dependent on too many variables to state a level.

    Retain high value information

    Buyers are busy people, they don’t have time to meet and greet sales people for the purposes of sales research, they value their time.

    So, picture this, one of your sales people leaves (either based on their choice or yours, it doesn’t really matter). What is the cost of change to you? It’s so much more than recruitment and training fees plus your time. The unknown cost of lost business due to lost momentum and more importantly lost information is much bigger. Why so?

    Ok so buyers are busy, so what do you think their response will be when the replacement sales person calls and asks to meet to get an understanding of their needs and process? It’s not difficult to predict.

    If in the course of their daily work they gather vital prospect buying or buyer team information make sure you have a process to capture and retain it, this is pure gold and its value cannot be under estimated.

    You may have an established sales team with little churn, who have been relatively effective over the years, so why change what’s not broken and let them keep doing what they’ve been doing?

    Ask yourself one question ‘Do you think that if your sales people knew more about their prospects they’d be more effective in selling to them’? You know the answer already.

    They say that customer data is the new oil, so make sure that your refinery is set up to extract and contain it.

  • 3 Things to understand in complex B2B sales

    Since I began selling, way back when, the challenges that the B2B field sales professional face are different and more complex, the power and expectation is now far more biased towards to the buyer.

    There was time when prospective buyers would seek out sellers as the norm.

    There was a time when the sales person who could best articulate the features and benefits of their product or service would have an advantage.

    There was a time when the sales person who could build relationships and rapport would be in pole position.

    There was also a time when the financial pressures on a business were less under the microscope, so there was less pressure on the sales price and solution value.

    That was a time that sales people should now forget and start operating in the time that is today’s buyer centric marketplace.

    Effective selling can be improved by following a fundamentally simple rule, understanding the Who, Why, What, When and How of your prospects.

    Heard it all before? of course you have, but for some reason so many sales people seem to bypass this requirement.

    The majority of sales people still have the inability to connect the business value of their offerings to the business issues of their prospects and not knowing what they need to know is one of the root causes of this.

    And there we have it, we’re back at one of the major issues in B2B sales today, sales people don’t ask the right questions.

    Questioning should never become like the ‘Spanish Inquisition’ it must form a logical and contextual flow where the prospect can see that you’re trying to help them not just sell to them.

    OK, back to the Who, Why, What, When and How. These are applied across the 3 P’s of your engagement, the prospects Problem, People and Process

    Problem

    Let’s start with the Business Problem, this may be something you’ve identified or that the prospect has highlighted to you.

    Here’s some things you’ll need to know that will help you to help them as well as enable you to qualify and forecast the deal.

    What is the problem that the prospect is facing, now or in the future? What are symptoms and impact of this problem and Who’s affected?

    What’s the urgency to address the problem? Is there a compelling event?

    How will they measure a successful outcome by investing in a solution to address the problem?

    What happens if they do nothing and retain the status quo?

    What are their defined business needs? How will you identify undefined needs that may add additional value to their thinking?

    What are the constraints that they are operating within that might affect their ability to do business?

    How and when will they make a decision?

    By understanding this information, you can ask yourself questions that every sales person should do with all new business opportunities

    Why will or why won’t they do business with you?

    How does your solution provide business value for this prospect?

    How can I help this prospect?

    Now you’ve got an idea of the business problem and pain you need to know more about the people.

    People

    In complex B2B field-based sales it’s no longer about identifying and engaging with someone on the C level who can make a decision, it’s about identifying the buyer team and what’s important to each of them.

    Buyer teams just got a whole lot bigger due to consensus or committee-based decision making, that’s more people with more opinions that you need to engage with and understand. It’ doesn’t matter if they’re not a decision maker as many a deal has been killed by an influencer who’s a go to person for the top brass.

    The bigger the team the bigger you need to spread your net, the bigger the team the tougher it is to get a decision.

    Understanding ‘who’ in a complex deal is never done in one visit, you’ll build a picture over a longer sales cycle that could be anywhere between 3 and 18 months, gradually you’ll build more clarity that will guide you to your next positive steps.

    As you uncover and engage with each person in the buyer team take the time to get to know them well.

    Who do they report to and what is their role in the team?

    What challenges do they face?

    What criteria will they use to base their recommendation or decision?

    What concerns do they have around making a recommendation or decision?

    What are their priorities?

    What’s their opinion of your competition?

    The more you understand this, the more you understand how you and your proposition can deliver personal, business or functional value to this contact.

    That’s the problem and people identified, now the decision-making process.

    Process

    Sometimes understanding the internal decision-making process is like trying to nail jelly to the ceiling, there is no solid base, it’s something that takes shape and evolves over time. I’ve previously written a blog post about how sales people fixate on the order date because it’s what personally motivates them and their company. This is a flawed strategy as the process is where so many things can go wrong that result in a no decision or a lost deal.

    Complex sales are not only typically longer sales cycles and larger buyer teams but they could also be higher value and maybe even greater risk associated with the decision. Buyer teams will have organised buying processes for regular transactional purchases, however, complex deals are not transactional and what you’re selling may be something they only purchase every five to ten years, so there won’t be a well-defined internal process.

    Engage with the buyer team to understand the basics:

    What are the internal definition, evaluation, approval and contractual stages they will follow?

    Who’s responsible or involved in each stage?

    When do they want / need to complete them by?

    In all likelihood they won’t have all of the answers to these questions, so it falls to you to decide ‘How can I help them’?

    Yes, that’s right, prospects will need help, this is not necessarily a top secret above your paid grade special society so stay close. Buyers are inundated with content and communications from so many different vendors, each adding to the buyer’s confusion as they don’t include relevant value and context to the buyer team’s problems and processes. Your experience in helping and advising other prospects through the process could be invaluable so don’t waste this opportunity.

    So, the takeaway from this article is obvious, in complex sales if you don’t know what you need to know how can you do what you need to do?

    Check out my blog 5 common failings of B2B sales leaders

  • February 1, 2023 – Boxxstep

  • January 1, 2023 – Boxxstep

    It’s time to evolve your sales close plans

    It’s time to evolve your sales close plans

    Before you misunderstand our thoughts let us make it clear it’s not the principle of plans that we dislike, it’s the term sales close plans. The term drives the purpose and intention of the plan creators – to close a deal. That’s not a good…
    Key account relationship mapping tools

    Key account relationship mapping tools

    What is a key account? That’s easy. It’s any account you decide is key to you and your business. It doesn’t have to be a monster account that will generate millions, but of course they’re nice to have. A key account could be a single new business opportunity that…
  • September 1, 2022 – Boxxstep

    Customer buying committee or a jury!

    Customer buying committee or a jury!

    Which means that sellers need to up their game. The growth of the Buying Committee, Decision Making Unit or whatever you choose to call them has led to selling becoming far more about people strategy and management. The objective for sales teams is to convince a wider…
  • February 1, 2022 – Boxxstep

    Don’t send buyers your sales crap

    Don’t send buyers your sales crap

    Be more customer focused they say. Help your customers on their buying journey they say. Provide content to guide them through the decision process they say. All great advice. What an opportunity for sales teams to stand out from the crowd. And what happens? Sales…
  • September 1, 2021 – Boxxstep

    What is a real Sales Champion?

    What is a real Sales Champion?

    They seek ’em here, they seek ’em there, they seek ’em bloody everywhere. OK, we’re not talking about the Scarlett Pimpernel, we’re talking about real sales champions as they can be just as elusive. An opportunity without a sales champion is an…
  • August 1, 2021 – Boxxstep

  • October 1, 2020 – Boxxstep

    Forecasting is not a problem in sales!

    Forecasting is not a problem in sales!

    Forecasting has long been the millstone around every salesperson and sales leaders neck. I often jest that my beautiful shiney head is down to the many years of managing sales teams and their creative forecasts. The quality and accuracy of forecasting has advanced as…