Colleen’s Blog

I'm not ready to stop sharing the Wells Fargo fiasco and what it means for us as professional sellers. Today, we are hearing about sales targets. The average American has 3 accounts at their bank. Wells Fargo decided to set 8 accounts per person as their target. Why 8?

It's been an exciting weekend at the Olympic track this week and no one better displays the Olympic spirit than the two middle distance runners Mo Farah from Great Britain (Gold medal men's 10,000 meters) and Ethiopia's 3000 metre steeplechaser, Entensh Diro. In a true to life Chariots of Fire moment, Farah went down hard  half-way through his race, picked himself back up and went on to win. The last 2 laps are some of the best racing I have ever seen and (disclaimer, Farah is a track idol of mine) it's no surprise I was yelling at the TV.

It's frustrating. When you see a sales rep struggling month after month, and missing target after target, it's enough to make any sales leader uneasy. The problem is most leaders handle poor performers the wrong way. There's a tendency to have "tough conversations" or attempt to punish them into higher performance. Some leaders even give poor performers the "cold shoulder" and allow a rep's professional performance to seep into their personal behavior towards them. These are all things that are extremely counterproductive and more often than not, contribute to more negativity and even worse performance. Luckily, there are strategies you can put into place to help improve their results. 

We're now well into Q2. Are you ready to help your team accelerate their success? I’ve been working with organizations and helping transform their sales teams for the last year. In all cases, these are companies looking to grow faster than the market and at an accelerated pace than their current growth path. Here are their keys to success:

You cannot grow your business with a particular client if you're relying on a singular point of information. Growth comes from not only the quality of contacts, but also your quantity of contacts in a particular organization. If members of your sales team are not diversifying their contacts within an organization, it's time that you ask them to start doing so. The truth is, your team needs to be increasing their engagement or "infiltration" with their clients if you have any hopes of growing your business within your existing customer base. What's the best way to begin practicing this? Start building an organizational chart. When a member of your sales team meets with a buyer, either in person or on call, get them to ask this one simple question: