How Do You Know if Your Product/Service is What Your Customers Will Want Next Year?

How Do You Know if Your Product/Service is What Your Customers Will Want Next Year?I read recently about an organisation that is struggling because the CEO keeps introducing new products as he thought it would add value to his organisation’s customers. The main problem was that when the Sales Team presented the new products into the market their customers said that their demand was for something quite different, and/or, the new range didn’t have any benefits compared to the products they were currently purchasing. Worse still, the teams were given limited Sales Training on how to present the value of the new range and expected to “just go out and sell it” If you only use History Based Measurements, like last month or last quarter’s sales, then how do you know if your product/service is really adding value to your customers before it is too late? Or are you just the cheapest on the day? Do you know EXACTLY WHY a particular line isn’t being bought by customers, or is it based on anecdotal feedback or excuses from the field? Many customers, especially in Australia, “talk with their feet” so giving your customers an opportunity to provide you with feedback – or better still, actively pursuing it before they decide to buy off one of your competitors, not after they have made the decision – is crucial. As mentioned in a previous post, “5 Reasons Why a Customer Feedback Program is Key for Growth”, we expand on point one: “It Will Help You Make Much Needed Improvements”. Working in an organisation can often consume our lives with our own products or services and can lead to a narrow line of vision, where opportunities to improve are missed, or ignored. As the old saying goes, two heads are better than one, and this rings true with Customer Insights. Customers have the ability to look at your products/services with a more practical pair of eyes, or hands, and can add improvements or adjustments to your range that you may not have even thought about, if you ask them. When you ask a customer to provide feedback that they believe are needed, you are going straight to the horse’s mouth. Customers know exactly what they want and need from a product and often know more about them than people in your organisation do, as they use your products daily on the job. They will tell you exactly what is needed to retain them as a customer, as well as encouraging new customers to purchase from you. The information that they provide you with can be used to develop your offer into something that not only meets their needs, but keeps you in front of your competition! Imagine becoming a market leader because you listened to your customer’s needs and developed your products and services accordingly. Unfortunately, too many organisations are still saying “we have always sold a lot of these or “this new range will be outstanding addition” Don’t believe it? Then pass me your typewriter or Blackberry from Dick Smiths. Or the video and book you bought last week from Blockbuster and Borders No one likes to feel ignored, and by actively listening to your customers when they are providing feedback wins their Hearts and Minds and they feel engaged and valued. It is not hard to see that a valued customer will help you to create better and stronger relationships that increase customer satisfaction, reduce churn and increase sales and profits So if you would like to discuss how Customer Insights can improve your organisation’s results, contact the KONA Group today on 1300 611 288 or info@kona.com.au or text 0425200883 The KONA Group is Australia’s Leading provider of Customised Sales Training and Sales Management Training and Coaching  and provide customised training programs that include: Sales Training & CoachingKey Account Management TrainingCall Centre Training & CoachingNegotiation Skills Training & CoachingConference & Motivational Speakers, and more.

5 Principles to Identify If You Are Developing a Competent Sales Team

5 Principles to Identify If You Are Developing a Competent Sales TeamTo build an efficient and competent sales force, Sales Managers and Sales Leaders have to establish a Sales Management philosophy and process. One of the keys to sales success is in the 5 Indicators of Sales Force Effectiveness and by adhering to the following principles, you can go a long way to establishing a successful team.

1. Don’t Under-Lead or Under-Manage

In KONA Group’s Customised Sales Training and Sales Management Training workshops we regularly notice that Sales Managers are Coaching from behind their desks and relying on CRMs, reports, metrics and deadlines to manage and motivate their teams. They think reports and numbers can fire up their teams however truly effective Sales Managers look for ways to lead by their presence and example by being involved. Ask yourself and/or your Managers this question – How many days have you actually spent on the road Sales Training and COACHING your people in the last 4 weeks? My 1st Sales Manager had 8 sales reps and spent 16 days a month, every month on the road, observing, motivating, acknowledging and coaching. In this digital age where Sales Managers are so busy analysing stats and working on ‘oh so important strategies’ no wonder so many Sales People are going it alone and not performing

2. Identify Problem Patterns of Behavior Early

Over the years we have noticed that Sales Managers have less awareness of how their team is performing day to day, hour per hour, and not recognising the behavioral patterns that are killing productivity. They often say defensively that “their people don’t like to be micro managed” so they leave them to it and review if they hit or missed target at their monthly sales meeting Professional Sales Managers and Sales People know exactly where they are on any given day and how they are performing against their daily, weekly and monthly targets. Don’t believe it then just watch the Footy. In League, Netball, AFL, Soccer, Rugby and most other sports Managers are using minute by minute stats to manage their player’s contribution and activity – # of tackles; hit ups; possessions; offloads; passes; kicks; disposals; the list is endless So why when most Sales Managers are asked “What is the shortfall in your team’s Sales Pipeline? Who is behind target and what has their activity and contribution been to-date” too many managers hide behind the HR line of “I am Empowering my people”. This is an absolute COP OUT and wrong as Empowerment has to be earned, not given and is only for over-performers, not underperformers

3. Culture AND Strategy

A Sales Manager recently proudly boasted that he “liked to keep his people lean and mean and never gave them any compliments or encouragement because it would go to their heads and they would ask for a raise!” To make it worse he then said that when he started he “had been thrown in at the deep end and it didn’t do him any harm”! Not surprisingly he had the lowest retention rate in the business and 60% of his people were behind target To create an environment that is highly effective you have to look beyond these financial goals and focus on the tone and culture set. A Manager’s or a CEO’s Sales Force needs to have goals, benchmarks, and track the rate at which things are done, but this is done best when the whole team has a united sense that “this is the way things get done.” It is an old sporting adage but a team of individual stars rarely outperforms a team playing for each other By instituting Team Goals, but still Managing INDIVIDUAL Performance, Sales Managers create team that will allow individuals to work better and be more focused and more importantly to celebrate their success with their peers. When was the last time you organised a ‘Team Commando Raid’ where all of your Sales People did a blitz on one of your team’s areas to give them a boost?

4. Stay on the Talent Hunt

Strong Sales Managers remain dedicated to finding and hiring the best talent and they don’t delegate it to their HR Department. Skills and products knowledge is secondary to a Sales person’s attitude and drive so find the best, and hire people who have the attitudes and purpose that line up perfectly with your team’s goals. Personality profiling, not only when recruiting but at regular basis, can help Managers keep tabs on shifts in their team’s tendencies and can help improve the performance of a particular Sales Person, impact group dynamics, and turn good numbers into great numbers. However, Managers getting out with their people at the coal face and providing Sales Training and Sales Coaching will help Managers keep their people going in the right direction well before performance starts slipping, or before bad habits become too embedded.

5. You Set the Tempo

It’s a fact that sales teams are most successful when Sales People and Sales Managers work together with the same accountabilities and standards. One of the best ways to set this tempo involves the use of real-time feedback that can generate instantaneous changes in behavior. When a Sales Person feels their Manager adds value and is interested in helping them to achieve their targets, and subsequently earn bonuses and commissions, they will involve the Managers with their customers and clients. However, if they don’t see the Manager as adding value then they will be protective of their clients and look for ways to keep you away.

Going forward:

Organising a team around these 5 Principles can create an effective Sales Management foundation and will increase your chances of success. So if you are looking to increase the effectiveness and results of your Sales Team, contact KONA today on 1300 611 288 or email info@kona.com.au to discuss how we can help you to improve your organisation’s results. In addition, if you want to receive a FREE Sales Capability Assessment for your organisation, email Glenn today on Glenn@KONA.com.au The KONA Group trains and coaches 1,000s of Sales People and Managers a year and is Australia’s Leading Sales and Sales Management Training and Coaching company and provide customised training programs that include: Sales Training & CoachingKey Account Management TrainingCall Centre Training & coachingNegotiation Skills Training & CoachingMotivational Speakers, and more.

Sales Excuse # 3 – Our Price is too high!

high-price-road-sign

In Sales Excuse #1 we looked at the common excuse of “No One is Buying”. In Sales Excuse #2 we looked at ways for sales people to improve their time management

In Sales Excuse #3, how often do your sales team say they didn’t make the sale because “Our price is too high? We are too expensive”, “Our competition is cheaper than us!”, “If we were cheaper we could sell more!”?

This is just another excuse where sales people focus on their own ‘3Ps’ of Product, Price and Problems rather than on the value they can add to customers.  There are some simple things we can all do to have quality conversations with our customers, which in turn, leads to better quality sales and repeat business.

At The KONA Group we train and coach Sales Teams every day that are looking to improve their results and when price is a common excuse for underperformance we recommend the following 3 insights as a starting point.

1. Have the right conversations.

Quality Conversations start with Quality Questions.  Asking interesting ‘High Value’ open questions that encourage your prospects and customers to talk about themselves and their business is critical. You want customers to value having a conversation with you, not look for a reason to get rid of you as early as possible, so how do you have these conversations? It’s easy really, you ask the right questions based on your customers Business, Market, Competition and Future…. and then you shut up and listen.

In meetings with customers and prospects your salespeople should only be talking 20% of the time. Listening means really listen, not just be quiet whilst waiting for your turn to speak.

2. Adding value to your customers BUSINESS is the key to make selling easy.

Adding value to an existing or potential customer is not just about selling your product or service. Often during a quality conversation with a customer many opportunities to add value will emerge and while some of these will involve your products and services, if you look at the non-product related challenges they face from a Business perspective, you will find more opportunities to add value.

Most businesses are bombarded with salespeople trying to flog them a product or a service regardless of their need however your Sales Team will be amazed at what happens when they start to have quality conversations focused on the customer’s Business rather than the 3Ps. Think rapport building on steroids!

3. Make it about the customer, even when you want it to be about you…

It is easy to say ‘Put the customer at the centre of everything your do’ but salespeople rarely do. It is not about you but rather is always about the customer, even when it really is about you.  The moment a customer or a prospect believes that you are only in it for yourself then TRUST melts away and you are back to a price based haggle.

Put your own self-interest to one side and focus on the customer, their organisation, their issues, their strategy and allow the opportunities to add value with your products and services to emerge.  You may even find that you never have to actually close the deal, your prospect may do it for you! At the end of the day, all else being equal, most customers will make a price-based decision.  It a salespersons job to make sure that all things are not equal.  

They need to be the difference, the X factor, the point of differentiation, and then their customers will buy from them, regardless of price!

 

Going forward: If Quality ‘non-product’ conversations are a challenge for your team then customised sales training and coaching WILL help your people to become more successful. Constantly ‘sharpening the saw’, as Stephen Covey puts it, is a critical component of being a sales professional.

So to discuss how we can design a customised sales training and coaching program for your organisation please contact the KONA Sales Performance Specialists via email at info@kona.com.au or call 1300 611 288.

Because Hope Is NOT a Sales Strategy


Author – Garret Norris – https://www.linkedin.com/in/garretnorris/