In this Issue:

Sales Leads?

Managing Quotes

Did you Know?

Did You Know?

People readily say that a successful busines must provide "good" customer service. However, you might be surprised by some of these statistics:

80-90% of service problems are leadership related (Deming, Crosby)

Less than half of US executives know who their most loyal customers are (Acxiom & Loyalty 360)

A 5% increase in customer retention increases a company's profits by over 25%,. (Bain & Co)

70% of buying experiences are based on how the customer feels they are being treated.(McKinsey)

It is 6-7 times more costly to attract new customers than it is to retain existing ones. (Office of Consumer Affairs)

96% of unhappy customers don't complain, however 91% of those will simply leave and never come back (1Financial Training services)


Managing Quotes

"It is not the employer who pays the wages. Employers only handle the money; customers pay the wages."
—Henry Ford

"Inaction breeds doubt and fear. Action breeds confidence and courage."
—Dale Carnegie

"When nothing goes right..., go left!"

"Employees will treat your customers no better than you treat your employees."
—Larry Bossidy

Volume 219

Sales Leads?

Looking at a familiar phrase from a different perspective, how does your organization's leadership support or impact the selling process?

It's important to recognize that the culture of any given enterprise is a reflection of its leadership, and that the sales force tends to mirror that culture when interacting with customers and prospects.

Consequently, as sales managers or organizational leaders we have a profound impact on how sales people interact with the marketplace each day. Consider that both the direct and implied messages they convey to others are, to a great degree, based upon the impressions they have of our business philosophy and our day-to-day behavior — ranging from how we manage and treat the team to how we talk about and treat customers.

As former Allied Signal CEO Larry Bossidy put it, "I've never seen a company that was able to satisfy its customers that did not also satisfy its employees."

So what can we do to positively support, lead and impact the selling process?

  1. Know our customers and maintain an understanding of their true interests, needs and priorities, taking each into account when setting policies and procedures. This alignment will send a strong message to the sales people that we are, in fact, a customer-centric organization — we care!
  2. Maintain consistent two-way communication with the sales force, keeping them well-informed with respect to the organization's customer-centric philosophy, and encouraging them to deliver or reaffirm that message in the marketplace. As summarized by a recent American Management Association article, "Leaders must develop and communicate a compelling vision that inspires people."
  3. Feedback is also vital, the AMA states, both motivational and developmental. People need to know when they’ve done a good job and when there is room to improve.
  4. Sell to the sales force — make sure they understand that the job can be done and that you and the organization have faith in their ability to do it; make sure they understand that the grass is, in fact, not greener "across the street," and that there is a secure future for them if they work hard to earn it.
  5. Create and implement a formalized sales management / performance management system that consistently and fairly inspects what it expects, and holds the sales force accountable for activity as well as results.
  6. Recognize and reward desired behaviors and success as part of a formalized plan plan to engage and motivate the team, and to retain good performers. If the team is exceeding expectations, be sure to share in their celebration as opposed to intimating that the quotas might be too low.
  7. Similarly, if the sales force is not enjoying high-levels of success or is struggling to meet expectations, provide solutions and support — build upon strengths versus focus on weaknesses. A constructive approach can significantly impact their success, while a more critical or negative approach tends to promote continued failure.