Quote:
How much impact does coaching have on career success?
Okay, let's first define "career success." In most sales organizations, "career success" (if not career continuation) hinges on delivering the sales and margins required by and promised to the company's stakeholders. In other words, quota (and profitability) achievement
equals career success. So, if my company can help me win deals and deliver on my quota, I'll be successful. Right?
One of the areas we focus very strongly on with our clients is training the sales management team to effectively coach their sales reps through deals. A study last year by CSO Insights showed that, despite all the money and time spent on sales training and technology,
twenty-percent of
forecast opportunities are still being
lost to "no decision." While some of these losses are just the way the game ends sometimes, twenty-percent is far too high to indicate anything other than a problem with the way opportunities are being monitored.
We teach a structured continuous coaching methodology that is proven to actually help sales people spot holes in their deals, competitive threats, solution weakness, political difficulties, and more. Using this process – especially early in an opportunity – helps to greatly reduce losses to competition or the dreaded "no decision." We find that salespeople love it because it's non-confrontational and collaborative. One of our mottoes is, "
Bad news early is good news." It's this focus on coaching that helps spot that bad news long before it's too late to change the account or opportunity plan.
Perhaps the question would be better rephrased to, "Does your company and your sales manager employ an effective coaching method that helps you close more deals and assure your career success?"
Thoughts? Comments?
Jim Cundiff
Senior Demand Creation Executive
The Complex Sale -jcundiff
One of the areas we focus very strongly on with our clients is training the sales management team to effectively coach their sales reps through deals. A study last year by CSO Insights showed that, despite all the money and time spent on sales training and technology, twenty-percent of forecast opportunities are still being lost to "no decision." While some of these losses are just the way the game ends sometimes, twenty-percent is far too high to indicate anything other than a problem with the way opportunities are being monitored.
We teach a structured continuous coaching methodology that is proven to actually help sales people spot holes in their deals, competitive threats, solution weakness, political difficulties, and more. Using this process – especially early in an opportunity – helps to greatly reduce losses to competition or the dreaded "no decision." We find that salespeople love it because it's non-confrontational and collaborative. One of our mottoes is, "Bad news early is good news." It's this focus on coaching that helps spot that bad news long before it's too late to change the account or opportunity plan.
Perhaps the question would be better rephrased to, "Does your company and your sales manager employ an effective coaching method that helps you close more deals and assure your career success?"
Thoughts? Comments?
Jim Cundiff
Senior Demand Creation Executive
The Complex Sale -jcundiff