I have never been on Facebook

I have never been on Facebook

Coaching sales people often is about changing behaviours. It takes a bit of time and effort to change one’s ways and that sometimes leads to resistance. ‘I am too busy already and just don’t have the time to <create a plan/fill in a template/do another review/do that training/do a dry-run/etc.>. Yet when I observe them in the office or in meetings, it seems that they do have the time to check out Facebook and Instagram, or are the first to respond to a post on Linkedin. When challenged, their defence involves a shrugging of the shoulders and mumbles like ‘it’s only a couple of minutes’.

It’s not. In 2019, the average person spent two and a half hours a day on social media1. Some reports put the number lower, some higher. All say the time spent on these channels keeps going up year after year.

For me, it’s zero. I have never been on Facebook. It simply doesn’t align with my overall life goal to spend less time on screens and more time in the real world. I also never liked the idea of paying for a service with my data, unless such service is really useful. I regularly ask friends whether Facebook meets that criteria for them, and always get the same response: don’t bother. So I don’t. I was enticed to go on Instagram because those same friends kept saying they liked the pictures I take, but was shocked to see how quickly my brain yearned for updates and reactions on stuff I post. I deleted the app after a couple of days.

My brain might be extra sensitive to these things after my accident, but I can tell from the zombies around me that their brains are just as susceptible to the Power of the Glowing Screen. And it’s not just distracting us from getting stuff done. A steady stream of research is being published on the negative impact of social media on our mental health. Expect these warnings to become louder, especially as we see younger generations coming into the workforce and having to deal with setbacks in the real world. We are conditioning our brains to seek affirmation in ‘likes’, and develop a fear of missing out if we’re not part of the noise happening on these channels, 24×7.

So what to do?
If you want to protect yourself from the downside of social media, use iPhone’s or Android’s Screen Time functionality. They both provide reports on your actual usage and offer a way to set limits for specific apps. Better yet, delete the apps. Don’t make too much of a fuzz about digital detoxing – it’s not that big a deal once you realise how much time you free up to do other, better, things. If you are an average social media user who spends two and a half hours a day on social media, you miss out on 900 hours that you could spend on other things every year. I can spend nearly 40 days a year more on the very things I coach sales people on. I have time to create a sales plan, to call another prospect, to do a dry-run before a big presentation, and to read a business book a week. Time to sport and stay healthy, mentally and physically. Time to meditate. Time to learn to play the piano. Time to go kitesurfing and recharge.

I know I miss out on social updates and possibly even business opportunities, but the downside that comes along with the upside is simply not worth it for me. I am not missing out at all: I gain way more than I lose.

The Problem Seeker in Saas

The Problem Seeker in Saas

There’s this awkward truth that sales professionals never talk about. A challenge that usually doesn’t get brought up in sales meetings or bid reviews, doesn’t get complained about at the water cooler and definitely doesn’t get discussed amongst friends. It’s such an uncomfortable topic, that most sales trainings don’t really address it, or at best kinda dance around without calling it out. But however uncomfortable it is, it’s still the truth. People don’t like to deal with sales people. Buyers don’t like being sold to. Us B2B sales professionals are seen as a necessary evil that should be avoided, if possible. We get grouped into the same bucket as second hand car salesmen and snake-oil sellers who can’t be trusted and are only driven by personal gain.

That view is not a recent development either. This underlying negativity towards the sales profession has been around for a while. Wolf of Wall Street, Gordon Gecko, Glengarry Glen Ross, the Boiler Room and other populistic depictions of our profession, all enforce that snake-oil stereotype of dishonest human beings whose main motivation is personal gain, with no regard to damage done to others. And these stories always end it tears; the last scene tends to involve a culpable and sweaty insider wired with a microphone, followed by the FBI raiding the sales villain’s premises. Not exactly the poster children that make us proud of our profession.

Sure, in the last twenty years, the sales profession has smartened up. But so have the buyers. I am sure you’ve seen the stats from the likes of Gartner, Forrester and CEB saying “57% of the purchase decision is completed before a customer even calls a supplier”. And “two thirds of the buyer’s journey is now done digitally”. Those headline grabbing numbers obviously simplify things, but nonetheless, they do expose the existence of our uncomfortable truth. B2B buyers prefer to research their options online, away from the sales person. Only when there’s no other way to get the information they’re after, do they call in the rep – like when they want a demo or pricing.

Of course, poor sales practices are to blame for these perceptions and the resulting behaviour at the customer’s side. Us sales people have to be more customer centric, and be more consultative. We need to listen, and help the buyer find a solution that fixes their pains. We should tailor our messaging to the customer’s needs, and show how our offering is the best solution for them. In short, the best sales people are problem solvers who guide buyers to find the right solution. Right?

Wrong. In SaaS sales, we don’t need problem solvers. What we need is problem seekers.

Problem seekers help customer uncover problems they’re not aware of yet. Problem seekers guide customers to look at their pains in a different way, because “the old way of doing things, no longer works”. Problem seekers take buyers by the hand as they formulate their needs, the budget they need for that, and the people they should be involving, before they start looking for a solution. Problem seekers take control way before BANT happens. Because when Budget, Authority, Needs and Timelines are established, it’s already too late – it becomes a matter of problem solving. And there are three reasons why problem solving in SaaS sales is a bit of a shitty exercise that makes us frustrated and want to give up.

Firstly, our uncomfortable truth means that buyers won’t let you in – they will do their problem solving research online. They simply don’t need sales people to find a solution. Secondly, we sell SaaS, which is a (typically multi-tenanted) solution that roughly does the same thing for everyone. We don’t develop features or customise modules specifically for individual customers. In other words, the only way that we can solve a customer’s problem, is when what they’re looking to solve, co-incidentally is exactly aligned with what we’re selling. Clearly, counting on that happening, severely limits our chances. Finally, even if a sales person is able to provide an eye-opening new view that makes a buyer rethink the way they look at their problem, it’s hard to get a B2B buyer to back-paddle. Once a multi-stakeholder buying team has decided on budget, business needs, the people to involve, and the timelines to commit to, it’s an uphill battle to go back and change things. It’s possible, but no one likes to do it.

So what to do?
Much of this thinking you’ll recognise as challenger sales. Whether you adopt such (or similar) sales methodologies or not, it’s important you acknowledge the role customers allow you to play. Once BANT has happened, your ability to take control, or even to add value, is limited. If you truly want to add value, become a domain expert about the problem, not just your solution. Adjust your sales pitch to talk about your customer, rather than you. Focus your outbound activities by segmenting your market based on propensity to buy, not just industry. This allows you to get in early, before a client starts shopping around. Make sure your internal sales reviews and CRM reporting focus at the early stages of a deal, not the later stages. True value for the buyer can and should be added early on, when key decisions around the problem are made. Become a problem seeker and work hard to get a seat at the table when that happens. Because it’s during these very early stages where deals are won, not the later stages.

3 Ways in which Nemo can help improve your sales pitch

3 Ways in which Nemo can help improve your sales pitch

Last weekend, I found myself in the garage unpacking and dusting off our old DVD player. I never threw it away, because, well, you just don’t throw away a working appliance. The joy to see the lights come on after plugging it in, was short-lived. Our new TV had different video input connectors, so I had to drive to the shops to find a new ‘old’ cable. After a bit of to-ing and fro-ing, I got it all hooked up, grabbed a bottle of wine, and, together with my wife, plucked the fruits of my hard labour. We watched Finding Nemo. Again.

Yep, for the umpteenth time, we watched that Pixar classic that raked in nearly a billion dollars. We saw it in the cinema when it first came out back in 2003, bought the DVD, and watched it a couple of times on Netflix. But to my horror, this weekend, I found out that it no longer runs on Netflix Australia! (Googling reveals that Netflix doesn’t carry titles forever; they sign licensing deals that only last a couple of years, apparently). That’s why I had to take control of my own destiny, and find that old DVD player. And here’s the thing; my wife and I don’t have kids – I went through all that hassle just because we love watching that movie. Nemo does that…

Even though we know the story back-to-front by now, we still want to see it – over and over again. It’s not just the spectacular animations; there’s much more that keeps drawing us in. And after asking some friends, I realised it’s not just us. Most of us can watch it multiple times and never find it boring. Which is not the case with the typical sales pitch I come across. In fact, with many of them, I tune out within minutes. Why is that? Why is it that I go through all that hassle to watch a children’s movie which doesn’t give me anything new, but I can’t get myself to listen to an average sales pitch? This warrants a deeper analysis.

A typical sales pitch roughly follows this structure:

  • This is who we are, and here’s a map of all our offices across the globe
  • We got funding/IPO’d/have a valuation (or revenue) of $x
  • We have these solutions, and we think they’re amazing
  • And Forrester/Gartner/Fortune/ … think we’re amazing, too
  • Look at all these logos we have; basically, everybody thinks we’re amazing
  • Here’s a quick demo of our amazing platform
  • Wanna do business?

You give me a pitch like that, and I give you and audience that collectively grabs their phones to check their emails five minutes in. Maybe when you get to the demo bit do people sit up again, but by then, energy levels have dropped to that same point your iPhone seems to reach before lunch nowadays. The meeting ends with some vague agreement on next steps, with a level of commitment that can only be summarised as “meh”.

One thing we can do to spice things up is to start with a personal story or anecdote. The idea is that the audience better connects when there is some unique or personal angle, and as a result would be more engaged throughout the rest of the presentation. While it could raise energy levels and participation in the first few minutes, an anecdote – however original – hardly ever is enough to carry the audience through the dreadful stages that follow. You need much more to get your audience to sit at the edge of their seats, absorbing every single thing you have to say. Finding Nemo accomplishes exactly that, so let’s see what we can learn from its story telling.

I can’t possibly imagine you haven’t seen this movie, but still, let’s start with a brief refresher on the story line. Nemo lost his mum and as a result, Marlin, his dad, is very protective. He doesn’t want Nemo to stray too far – the ocean is a dangerous place – and raises him in the security of an anemone. As you’d expect from a kid, one day, Nemo does swim into the open water towards the edge of the reef. He sees a boat, and in an act of defiance, tries to touch it with his fin. He gets captured by a diver and ends up in a dentist’s fish tank in Sydney. Marlin goes on this big search to find Nemo, and when they eventually re-unite, the characters have learned some important life lessons. Never give up, trust the people who love you, appreciate what you have before it’s gone, and don’t be afraid of leaving your comfort zone, to name just a few.

Clearly, a sales pitch is not in the business of evoking emotions around such morale. But that doesn’t mean we should disregard powerful story telling. Finding Nemo teaches us three things around how to draw in an audience.

First, the story has a fair bit of tension, especially for a kids movie. It’s not all positive. As with most stories of fiction, the first act is rather happy and good, but then – after Nemo gets captured – scene after scene of challenging events follow. There are sharks, exploding mines, stinging jelly fish, hungry seagulls, and of course, Darla, the dentist’s niece. Thanks to Marlin’s persistence and the teamwork of the other sea creatures he meets along the way, there’s a happy ending. The story goes up and down from positive to negative which leads to tension – and it’s this tension that captivates the audience. It wants to find out how the characters overcome the challenges they face.

Sales pitches tend to miss that. They paint a picture of pure positivity, and that’s not only boring, it makes the audience instinctively question its credibility. Because in real life, it is not all rainbows and butterflies.

Secondly, we recognise ourselves in these characters. Their struggles resonate with us. At the start of the movie, Marlin is overprotective, scared and insecure, but he comes out stronger and with more confidence. Nemo is curious, loyal, and despite his handicapped fin, pretty brave. Other than being absent minded, Dory is also very honest, and optimistic. We can find ourselves in these traits, and as a result, we become emotionally tied to the characters, and, hence, the story. We want the characters to win, to come out as the heroes, because we are just like them.

The problem with most sales pitches is that they try to make the vendor the hero. Worse, it’s all about the vendor. The reality is that your potential client doesn’t care about you winning. They care about themselves. The vendor should never be the hero in a presentation. The client should be.

Thirdly, the movie’s key conclusion is around those moral lessons. Nemo, Marlin, and Dory had to go through this ordeal, so that they could gain these insights. Watching a Pixar movie as a grownup, we know we’re going to be treated to these underlying life messages that are crafted for us, not just kids. We’re going to learn something. From the very first minute, the movie is set up like that. It sets the scene that overprotection isn’t good, and even though we don’t know how the story is going to unfold, we unconsciously have buckled up for the journey to get to the moral lessons, e.g. the purpose of the story. We’re not just watching because of the amazing animations and funny characters, we also want to be taken on a journey towards this ‘why’ behind the story.

Sure, conveying messages of morality is not the typical goal of a sales pitch, but we still need to be clear on the purpose. As Simon Sinek says, we need to start with why. Too often, sales presentations skip this part and go straight into the what, missing out on the opportunity to connect with the audience on a deeper level.

So, what to do?
Start your pitch not with what you do, but why. Confirm that you understand the client’s world by showing them how it’s been changing (for example, “consumers are getting more demanding”). Then, articulate how that change is creating tension or challenges for the client (“because the business systems and processes in place are based on consumer expectations from the past”). Then, show how this tension leads to business problems (“consumers might leave you for more agile competitors who can meet their needs”) and urgency (“as a result you could see your revenue drop”).

Build this tension and build on the why as long as you can, because once you get in the weeds of the what, it’s really difficult to elevate back to pains and solutions at a business level. And if a potential client isn’t convinced on the why, they’re never going to be convinced that they need your what. (Note that this emphasis on the why reduces during the progression in the sales cycle; when you get towards your final presentation, your client should have bought into the why. A mere summary would suffice, before you go into great detail demonstrating the what).

Then, switch the tension and take them on the journey towards what could be. Explain how your solution addresses the business problems you described before, without going into too much detail on specific features and functions (“you can’t fix this fundamentally flawed architecture with old school systems and processes; you need a new, data-driven way that’s fully automated. We’ve come up with a solution to help you just that”).

Finally, show how you’ve helped other clients overcome similar challenges, and show the positive results they achieved. Don’t just show logos, but put in statements from three or four clients which articulate the journey from business pain to great results. These are the independent proof points that show how great you are, but with a much more credible “don’t take it from me” angle. Ensure these proof points are articulated in the language of the client, so that they can recognise themselves in the hero of that sub-plot, a client just like them.

Crafting good pitches isn’t easy, and will take a lot of practice. ‘Dancing’ with the tension can be particularly tricky for reps who don’t like uncomfortable conversations. However, you will need to build the confidence to go there. It will help you elevate your pitch, and be seen as a trusted advisor. To learn more about this captivating skill, watch how Nancy Duarte finds these structures in speeches of great narrators like Steve Jobs. Sure, you will make mistakes along the journey, but don’t give up. It’s like Dory says: “When life gets you down, you know what you gotta do? Just keep swimming. Just keep swimming”.

The ABC of SaaS Territory Planning

The ABC of SaaS Territory Planning

Not all B2B prospects are the same. An online retailer has different technology needs than a bank. They simply care about different things. While the latter has share of wallet and compliance top of mind, the retailer lies awake about conversion and logistics. As a result, these different goals and business models lead to different characteristics for a B2B prospect, with different pains, and different budgets to fix those pains. Most SaaS sales teams recognise this need for tailored sales strategies and tactics in their territory plans. That is, to some extend; a key aspect typically doesn’t get the attention it deserves, setting the sales team up for failure.

Let’s start with what your territory plan most likely already covers – positioning. If you sell a SaaS solution that roughly does the same for all customers, it doesn’t mean your sales pitch should be positioned in the same way to all your prospects. Your pitch should be tailored, so that potential buyers can recognise their own pains and objectives – and easily see how your solution can help with that. Your sales training would have focused on customising talk tracks and sales pitches to client-specific themes. Maybe you even have a sales enablement team that created vertical-specific playbooks, to help position the value of your solution through tailored sales messaging. Awesome – the more your pitch is positioned in line with the prospect’s view of the world, the better.

There is another aspect of the notion that not all prospects are the same, and it typically doesn’t get the attention it deserves in sales plans. Segmentation. In fact, the concept of segmentation sometimes gets mixed up with positioning. They are two different things. Positioning determines what you will pitch, while segmentation determines who you will pitch that message to, or in B2B sales: what kind of companies you will go after. The aim of segmentation is to identify high yield segments – that is, a group of accounts that are likely to have the highest chances of buying from you, or that have the highest growth potential for land-and-expand deals. The whole idea is that you should target those accounts before you go after other segments that are less likely to buy from you. Yet, many B2B SaaS sales teams don’t put a lot of thought into what such companies tend to look like.

What is often in place in terms of segmentation is pretty rudimentary. Most B2B Sales teams merely look at “vertical” or “size” as key characteristics for segmentation, and blindly take guidance on that from headquarters. For example, they’ve prioritised “Retail” or “Financial Services” over “Manufacturing” or “Government”. Or they decide to only go after “enterprise accounts”, or organisations between 10 and 1,000 employees. But these segments are often way too broad: thousands of accounts end up in a territory with the presumed notion they’ll all have the same propensity to buy. This absence of a smart segmentation strategy in sales nearly always leads to a lack of focus – with frustrating results.

There’s nothing worse than filling up the top of the sales funnel with the wrong kind of opportunities. It creates a false sense of hope, which will take a while to get exposed, because reps often find it difficult to let go of an opportunity once it’s past qualification. They end up wasting time and resources as they repeatedly push the opportunity into the next quarter. To see how big a problem that is for you, run some pipeline reports on “Pushed out more than 3 times”, “Lost to No Decision”,  or “Lost to a competitor that we don’t really think is a competitor”. If that raises some alarm bells, you need a more thoughtful segmentation approach that goes deeper on this notion of propensity to buy.

So, what to do?
Segment your territories on propensity to buy by implementing the ABC Model. “A” accounts are those who are most likely to buy, “B” are less likely and “C” are the ones you want to avoid (even if they joined five of your webinars). Develop a parlance where Marketing, SDRs, Sales Reps and Sales Management show an understanding that the companies they go after should fit in either the A bucket, maybe the B bucket, but definitely not the C bucket. 

This ABC distinction should be done on three areas of characteristics: Firmographics, Technographics and Demographics. Your current segmentation most likely already covers some of the Firmographics. These are the things you can easily determine from the outside: the number of employees at the prospect, its vertical, revenue, business model, and geographical reach. But as said, you need to go deeper.

In SaaS, the Technographics often say much more about likelihood to buy; it reflects the current technology footprint of an account. Buying SaaS needs a level of maturity, which often is revealed by other technology solutions the prospect uses. At its simplest, Prospect A who uses your cheaper competitor is more likely to be ready to “upgrade” to yours, than Prospect B who has never even bought SaaS and still uses manual processes and spreadsheets. Even if Prospect B is of the right size and in the right vertical! Determine what these Technographics look like for your A, B and C accounts. Then, use tools like Ghostery, Builtwith, or Datanyze to see what technologies are in place at accounts in your territory; get the enterprise edition so you can integrate it with your CRM.

As for Demographics, you look at the people side to determine the propensity to buy. Companies tend to develop (or hire for) specific skillsets first, before they buy the technology. Not the other way around. Look for key skills and role titles that are telltale signs for a readiness for your solution. At its simplest, who is more likely to buy from you? Person A who used your tool before and just started a new role in a different company that’s growing rapidly, or Person B who’s been in the role for ten years with a company that’s hardly investing in new technologies? Again, decide what these skills and roles look like for your A, B, and C accounts. Then, see what’s out there. Tools like Zoominfo and Discoverorg offer some value, but don’t always have good data for companies and contacts in APAC. Linkedin is your biggest friend here, particularly the jobs section, where you can create alerts that let you know when certain roles pop up. Go after companies that are hiring for those skills as they will likely be in the market for a technology solution soon.

I know that this sounds like a lot of work, but remember, if you fail to plan, you plan to fail. Some of the tools mentioned will make this effort easier, and predictive analytics solutions like Leadspace, Mintogo, Insideview, and 6sense can even automate much of it. However, they don’t always have quality data sets for APAC. And since propensity to buy characteristics in APAC are not necessarily the same as those in the US or EMEA, be careful on relying too much on such technologies. For now, spend some time doing it yourself for your territory.

The effort of thinking through this ABC segmentation will create more focus in sales. It is not meant to be an algorithm that’s 100% correct, but it still will provide a more granular appreciation around what makes a prospect more likely to buy from you. Have a workshop with marketing, the SDRs, the CSMs and the AEs to determine what makes an A account, and what makes a B or a C. That exercise in itself is going to create several aha! moments that will lead to more focus in your marketing and sales activities. 

You’re looking in the wrong spot for your new sales rep

You’re looking in the wrong spot for your new sales rep

Sales has changed. Thanks to the transparency and wealth of information the internet provides, prospects are more knowledgeable than ever. They research trends, compare vendors, learn what questions to ask, hear what to be heedful of, back-channel references, and uncover so much more before they accept our reach-out for that first meeting. According to CEB, the typical B2B buyer is already 57% through the purchase process before reaching out to sales.

This makes B2B sales, particularly complex enterprise sales, very challenging. For us to build rapport, influence strategies, requirements, budget and evaluation criteria, getting in early is crucial. Most of us have smartened up and adjusted our selling strategies to this fundamental shift. But I often see sales professionals in this cat-and-mouse game where they come up with smart ways to get in front of prospects, while prospects do everything to avoid just that. A new perspective is required to break this silly game that the customer always wins.

What we’ve been trying to do is to transform sales reps into domain experts. Which at face value makes sense – the last thing a prospect wants, is to get a meeting with a sales rep who starts the meeting with “So, tell me about your problems…”.

Prospects have no time for sales reps who only ask questions and need to call in the troops to go deep and share relevant insights. If prospects haven’t learnt anything from you in your first meeting, they’re not going to respond to you chasing them for that second one. Today, domain expertise is the currency in sales.

To meet that expectation, we’ve tightened the collaboration between sales and marketing. Great marketing content has allowed sales to be seen as thought leaders who keep prospects interested with a constant stream of insights. But having great white papers, webinars, case studies, and industry events will not turn the sales rep (or even the organisation for that matter) into thought leaders. The sales rep needs to speak the prospects language, understand the technology ecosystem, be able to articulate examples, refer to what other clients have done, and always be able to add value. Merely referring to the marketing content, however great it is, doesn’t turn the rep into a domain expert. It just makes the prospect leverage that content while still trying to keep the rep out of the conversation.

So we have gone further – we’ve trained the reps to be more consultative. We changed our sales processes to create value for prospects in the early stages of the buying cycle. Rather than waiting for the prospect to define their needs and counter with a solution, methodologies like the Challenger Sale and Insight Selling have positioned reps to get in early to teach and tailor. But it takes time to develop the credibility and confidence of a rep to bust open doors based on his or her domain knowledge. Lots of time – depending on your industry, buyer, or solution, this could easily be a two-year journey, as reps in Analytics, Security, Marketing Automation, CX and AI (to name a few) will attest.

So, what to do?
I believe there is merit in exploring this challenge the other way around. Rather than transforming sales reps into domain experts, we should transform domain experts into sales reps. Rather than taking commercial acumen as the foundation to build domain expertise onto, we need that domain expertise to be the starting point. We should look into our organisation and leverage the Solution Consultants (SCs), the Client Success Managers (CSMs), even the Professional Services (PS) or Delivery professionals and see how we can expand their skillset into sales. They have a credibility that easily gets them that first meeting, and the knowledge and experience that reps yearn for to be seen as a trusted advisor.

The problem of course is that SCs, CSMs, and PS professionals are typically not skilled up to be reps. And they sometimes think they can’t deal with the pressure, anxiety and rejection that comes with the sales job. While I always assumed that the skill and mindset gap would be too much of an uphill battle, several people have proved me wrong in the last few years. I have seen SC-turned-rep’s get their first meeting way quicker than sales reps. I’ve seen CSM-turned-rep’s develop deep relationships that traditional reps can only dream of. I have seen them close deals faster than traditional reps. Most of all, I have seen them get more satisfaction from their job, precisely because their domain expertise is valued so much, and is the springboard to develop a whole set of new skills.

Naturally, to successfully turn SC, CSMs, and PS professionals into sales reps, they need to learn sales skills like account planning, presenting, negotiating, etc. They need to develop commercial acumen, they need to learn to independently set a course and make tough decisions on qualification, win strategy, pricing etc. They need to learn to say no. Most of all, they need to learn how to deal with rejection and develop their resilience. I’ve been in sales myself long enough to know that that’s not a small feat, and I know that not everyone will be cut out for sales. But depending on your industry and product, exploring this option could be easier to accomplish than the other way around.

Even if you’re not willing to try to move people from these roles into sales, I suggest you leverage them more in your sales process. Get them to work closer with the reps, particularly in the early stages of the sales process. Because that domain expertise is what prospects want. That’s the currency. People with domain expertise don’t need to chase prospects for that second meeting. The prospect will be chasing them.

What my coma taught me about the sales profession – Part 3

What my coma taught me about the sales profession – Part 3

In August, I wrote how a kitesurfing accident that left me in a coma triggered a deep curiosity on the topic of resilience: the ability to brush yourself off after getting knocked down. I wanted to find out what we can learn from people who don’t just get back on their feet, but actually come out stronger – and how to apply their skills in the sales profession. Because the reality is that in sales, we’re exposed to a steady stream of setbacks, which could lead to disappointment, stress or demotivation. Yet, we don’t really get trained on how to best handle these upsetting events. Some of us cope well, others don’t. Why is that? This is the third article to share what I’ve learned about resilience for the sales professional.

Picture this. You worked super hard to hit your target, but this year, the sheer number of unexpected ups and downs made it practically near-impossible. Your key sponsor at that mega deal you’ve been working on resigned, pushing it into next year. For opportunities that you did manage to close, prospects threw you so many last-minute curve balls, that your whole legal team unfriended you on Facebook. They even ignore your outreaches on LinkedIn messenger. Your best solution consultant went to the competition, and although the new guy has potential, that wasn’t exactly what you needed in the last quarter. To top it off, management introduced new pricing and discount approval processes that make you wonder what they exactly mean when they tell you to be customer-centric.

Still, somehow, at the end of the rollercoaster ride that we call Q4, you made it. You hit target! Like Tom Hanks’ incomprehensible dodging of bullets, grenades, shrapnel and rockets amidst the complete chaos on Omaha Beach, you made it and you’re still in one piece. Phew!

Then, in the first week of the new financial year, it slowly sinks in. That shitty inner-voice you’ve been suppressing during your well-deserved, but all-too short break, gets louder and louder. When the invite for Sales Kick Off lands in your inbox, there’s no way around it – you have to face it. You. Are. Back. To. Zero. Yep – your YTD bookings are exactly $0! Your new target looks Pretty Big and Improbable and you’re not sure where to start. Welcome to the new Financial Year.

I spent two weeks in the Intensive Care Unit after my kitesurfing accident, followed by six long rollercoaster weeks in hospital. Too many operations to count, and too little energy to fully grasp all the ups and downs. But finally, after 54 days and nights in hospital, I got discharged. On 17 January 2014, under the watchful eye of my lovely wife, and on crutches, I wobbled back into our home. I was over the moon to have her with me around the clock, and to sleep in my own bed again. To not have the constant noise around me from doctors and other patients, and to have proper food (no offence, Chef de Cuisine of Royal North Shore Hospital).

Still, that first week back home felt a bit like the first week of the new Financial Year. I had fought so hard through all the ups and downs, just to get to zero. Arriving home was just the start of the journey. Numerous operations still lay ahead, as well as several months of hospital check-ups, 13 teeth to repair, and at least a year of physiotherapy. What I really wanted, was to get to the end. I wanted My Old Life Back. I wanted what I had before the accident.That was my target.

However meaningful (see Part 2) the target of Having My Old Life Back was to me, it felt, well…, Pretty Big and Improbable. So, here’s what I did.

First, I defined success. “Having My Old Life Back” is not exactly a tangible goal that you can measure, so I broke it down into sub-goals. One of those sub-goals was kitesurfing. If I were able to kitesurf again, I would have that aspect of my life back. Other sub-goals were around going back to work, getting to my old body weight, being able to do the Govetts Leap hike in the Blue Mountains, being able to drive, and many more. All of them together represented my target of Having My Old Life Back.

However, these sub-goals, and particularly the kitesurfing one, still looked Pretty Big and Improbable. To make them more manageable, I broke them down further into S.M.A.R.T. (Specific, Measurable, Achievable, Realistic and Timely) goals to work on over the year I gave myself to recover. For instance, I wanted to kitesurf again on or before 31 December 2014. Working back from that date, I targeted doing that hike by 1 December latest. Working back from that, I had to be able to walk 10km by 1 October, and 5km by 1 August. A first (wave)surf session by 1 June. Swim 10 laps by 1 May, and 4 laps by 1 April. From my very rough calculations and assumptions, that sub-goal of kitesurfing by 31 December meant that by 1 March, I should make it to the roundaboutThat roundabout is located just 40 meters from where we live, the first waypoint on the road to the beach, and my first S.M.A.R.T. goal.

Then, I determined what activities I needed to do to reach those S.M.A.R.T. goals. In the first week, that was 5 squats times 2 a day. Lifting 2 kilo weights, times 5. The exercise with the elastic resistance bands – 10 times 2. In the second week, 10 squats times 2 a day, lifting 3 kilo weights, and so on. That Pretty Big and Improbable goal of kitesurfing had become very specific and therefore, a lot more realistic. 

I printed the 3 pages of the spreadsheet with S.M.A.R.T. goals, activities and their timelines and stuck it to the wall in the bedroom. For many months, this spreadsheet was the first thing I looked at in the morning, and the last thing I updated in the evening. I made it to the roundabout on the 24th of February, and ended up kitesurfing on 28th September! Sure, I had setbacks – surfing took a year longer because the wrist didn’t heal and the joint unfortunately fused together. Fixing the teeth took over 2 years. I unexpectedly developed gallstones and had an emergency operation to remove the gall bladder. Pain befriended me. But those setbacks were easier to digest because my spreadsheet kept me stubbornly focused on the short term activities for the next goal. And this focus gave me the confidence that it would eventually lead me to my end goal. And it did; I not only have my life back, I have a much better life now, nearly 5 years after the accident.

Back to your sales challenge. You just received your Pretty Big and Improbable target and weren’t sure where to start. Here’s what I suggest you do. Follow this same approach by breaking it down in to S.M.A.R.T. goals and start with the end. From historical data, calculate your Average Deal Size. With that, determine how many deals you need to win to get to target. Using your previous win rates, calculate how many qualified opportunities you therefore need. Knowing your average deal cycle, calculate how they roughly should be distributed over the quarters. Determine how many stage 1 opportunities you’ll need by what date. How many qualified leads, how many first meetings, how many unqualified leads. Finally, you’ll give yourself a target of how many email and phone reach outs you need to do this week to get those new unqualified leads.

Even if numbers are not going to be 100% correct, this approach enforces a mindset to break down a Pretty Big and Improbable task into a set of very specific activities. Sales still is a numbers game and activity creates opportunity. Thoroughly plan it all first, then focus on execution, and trust the process along the way. Lock in a monthly review to see if you’re on track, fine-tune the sub-goals, dates, and activities, and just keep going at it. Before you know it, you’ll reach your roundabout. 

What my coma taught me about the sales profession – Part 2

What my coma taught me about the sales profession – Part 2

In August, I wrote how a kitesurf accident that left me in a coma triggered a deep curiosity about resilience: the ability to brush yourself off after getting knocked down. I wanted to find out what we can learn from people who don’t just get back on their feet, but actually come out stronger – and how to apply their skills in the sales profession. Because the reality is that in sales, we’re exposed to a steady stream of setbacks, which could lead to disappointment, stress or demotivation. Yet, we don’t normally get trained on how to best handle these upsetting events. Some of us cope well, others don’t. Why is that? This is the first follow-up article to share what I’ve learned about resilience for the sales professional.

Let’s debunk the first myth straight away. Resilience is not a trait. It is not a characteristic that you’re either born with, or not. Resilient sales people are not ‘just tough and determined individuals’ that shrug their shoulders when difficulties arise. The behaviours that make people resilient are in fact based on skills and practices that are teachable. Things that you as an individual, and organisation, can put in place to be better prepared when hard times hit. Sheryl Sandberg, who unexpectedly lost her husband and wrote a book to share her lessons learned on the harrowing journey that followed, says that resilience can be built. It is not about having a backbone. It’s about strengthening the muscles around our backbone, she writes. Although her experience is way more heart wrenching than mine, one commonality stood out for me. She needed to get her life back on track, just like me after my accident. We both had a ‘meaningful cause’, a higher purpose to reach for, that kept us focused during our recovery – a journey with its own number of setbacks along the way – and helped us pull through.

To appreciate how purpose builds resilience, Mandela’s plight is as impactful as it gets. The setbacks he experienced – including the 27 years he spent in jail – did not make him give up his fight against apartheid. Quite the opposite – he really came out stronger when he became the president of South Africa in 1994. Malala, the Pakistani schoolgirl who fought for gender equality in education and got shot in the face by the Taliban, showed a similar resilience. She not only survived her ordeal, but decided to bring her crusade to the global stage, becoming a UN Messenger of Peace, and the youngest ever Nobel Prize winner in 2014. She is also now doing speaking engagements across the world, and will be in Australia in December.

Us sales professionals tend to not have as idealistic a cause as Mandela or Malala, but if we want to be more resilient, we’d be wise to seek a higher cause than our quarterly commission cheque. The companies I worked for that had a clear and inspiring vision did much better in retaining talent when we hit some rough patches. Sales professionals who really bought into the positive change that the company was bringing to the world were the ones who were always more determined, while seemingly needing less energy! The reps who were there just for the money were the first ones to give up when times got tough. A vision creates meaning, which in turn, builds determination.

What if your company doesn’t have a meaningful purpose or vision? I suggest you don’t wait for HQ to inspire you – the strongest vision that made me power through hard times at work was the one where we as a local team agreed to build the best sales team in Australia (and I believe we did!). What if your team can’t agree on one? Create your own. Find a deeper meaning than your quarterly target. Asses the skills you’re building and determine how they support your overall career over the long run. Print them out, and hang them up to remind yourself of what you’re working towards when times get tough. In part 3, I’ll be sharing insights around how setting specific goals around my vision helped me built resilience during my recovery.

Click here for Part 3 of this article.

What my coma taught me about the sales profession

What my coma taught me about the sales profession

Even if you’ve only been in B2B sales for a short while, you already know this: Sales is exciting and fun, but also comes with disappointment. As sales professionals, we are exposed to many events that can cause stress, anger or frustration. We have prospects who don’t call us back, we miss out on RFPs, we don’t get shortlisted, we miss our target, we lose an existing customer, we get meetings cancelled on us without reason, and we are given territory restructures and targets we don’t always agree with. Most of all, we lose more deals than we win. I’m not asking for pity here, but a career in sales is also a career with enough, let’s say, opportunity for disappointment.

Good sales people brush themselves off after getting knocked down. Great sales people go further. They actually thrive in the face of stress, setbacks and adversity, and come out stronger. They are resilient sales professionals. After 20 years in sales, I like to think I am one of them. I’m still going strong, with the conviction that every year, I am getting better at it. But at a personal level, my resilience got the test of a life-time a couple of years ago. I am a very experienced kitesurfer, but got involved in a horrible accident; I somehow got entangled in another kitesurfer’s lines, got lifted up and fell 30 feet down onto the beach – face first. A trauma helicopter raced me to the hospital where X-rays revealed my face was shattered into 9 pieces, my pelvis broke off my spine, my wrist was beyond repair and vital organs had been damaged by bone splinters. I was in a coma for the first 10 days, and had dozens and dozens of hours of surgery in the weeks after. I left the hospital two months later, and although I lost 10 kilos in body weight, I gained a total of 47 screws, 11 titanium plates, and one brand spanking new titanium eye socket.

It took nearly two years to fully recover, with lots of setbacks along the way. Once I got my life back, I felt the way a race horse must feel after her blinkers are removed at the finish line of the Melbourne Cup Race. Exhausted, satisfied but not exactly sure what happened. From doctors, surgeons and physiotherapist, I kept hearing how lucky I had been and how my determination made it a very unusual recovery (did I mention I am kitesurfing again?). They told me that other people wouldn’t have made it to such a great outcome. To start with, a third of Intensive Care Unit survivors falls into depression. What Nietzsche said is wrong. What doesn’t kill you, doesn’t make you stronger. Not necessarily. Many people come out weaker, or barely get their old life back; physically or mentally. 

In the corporate environment, people who experience serious setbacks don’t always come out stronger either. Instead, the continuous flow of setbacks slowly demoralises or burns them out. Which explains why we are all familiar with terms like Post Traumatic Stress Disorder (PTSD), Anxiety, Stress at Work, Burnout, Depression and so on. Sure, there are inspirational stories of people who somehow scramble back up, but in popular media, not much attention is devoted to how these people exactly manage to come out stronger. 

I became curious about that very topic. What is it they do, and what can we learn from them so we are better equipped when we face a great deal of adversity in sales? Because the reality is that in my career, I’ve had many, many sales trainings, but not one of them on resilience. Not even a few pointers. We’re just supposed to dust ourselves off and get back in the saddle. Clearly, more resilient sales people would bring higher productivity, create a more fun work environment, more stability and consistency, more happiness, and lead to more deals won. So I started reading. About resilience. About positive psychology. About the plasticity of the brain, and the working of hormones like cortisol, dopamine, and adrenaline. I read autobiographies from Mandela and Malala, to understand their incredible journeys of resilience. I read books from CEOs about how they guided their companies through turbulence and setback after setback. And I found a few common themes, or skills which resilient people apply. All of them are applicable in corporate sales. I am super excited to present these in a first workshop this week, and will be sharing my findings on my website and linkedin in the coming period. Stay tuned!

Click here for Part 2 of this article.

What most sales processes get wrong

What most sales processes get wrong

I often come across two key challenges, when consulting enterprise b2b sales teams:

  1. Several deals in the pipeline keep on getting pushed out, after which they finally get closed to the dreadful “No Decision” stage. Then, everyone seems to agree these deals should not have been qualified-in in the first place. But, the next quarter, the same things happens again.
  2. After closing a deal to the even more dreadful “Lost to Competition”, post-loss analysis reveals that prospects believe the product differentiators are not that aligned with their needs or budget. Yet, no one picked up on that before the decision.

Such problems are nearly always the result of weak execution of the early stages of the sales process. And typically, this weak execution is a result of a poor design of the sales process. The Sales Process simply does not align with the Buying Process.

The Sales Process

For most B2B sales teams, the Sales Process invariably looks like this. The first stage is “Prospecting” – finding a prospect that potentially has a need for your product or service. “Qualification” then follows, with validation steps around BANT (Budget, Authority, Needs, Timing). When that gets cleared (or, more likely, when the rep thinks it does), the whole sales train comes in motion with numerous activities focused at linking your solution to the prospect’s needs: “Discovery”, “Demonstration”, “Proposal”, “Negotiation”, etc.

The Buying Process

In reality, the Buying Process (all that happens at the prospect’s side) begins much earlier than the Sales Process (that what happens at your side). At the prospect’s side, a company typically goes through three phases, before they start looking for a solution. These phases roughly go like this: 1) Something Changes, which then 2) causes or aggravates Pain or friction, which then 3) gives rise to Needs. Which triggers the search for a Solution. For instance, that Change that gets the whole Buying Process in motion, could be the prospect’s competitor creating price pressure, or new government regulation, or margin erosion, or a current vendor not performing. Or – the Big Change – the prospect’s customer (often the Consumer) is changing. They want things faster, easier, in a self-serve fashion, or cheaper (because that’s the expectation set by companies like Netflix, Amazon, Uber, or other companies that don’t even play in the prospect’s industry). This Change creates Pain because the prospect’s current processes and infrastructure were created before this Change occurred. People at the prospect then realise something needs to be done (or not), they define their needs, and then look for a solution to meet those needs.

In those three phases where Change leads to Pain, and then to Needs, some crucial decisions get made on the prospect’s side. And not all of them are made explicitly, some just ‘happen’. The internal owner of the problem is assigned or arises, the priority over other business problems is determined, an initial business case gets established to determine whether to indeed move forward, needs get defined, a rough view of the solution gets formed, expectations around timelines are set, and resources and budget get earmarked. Once that’s established, the search for a solution starts. The main stage in the Sales Process that covers those first three important phases of the Buying Process, is that “Prospecting” stage. Sure, it’s not always all that linear, but key factors that determine the potential fit of your solution really get shaped in these very early stages.

What’s Wrong

In other words, fundamental decisions that impact your ability to win the deal are made in the “Prospecting” stage – before the evaluation really starts. The reality is that once an opportunity clears that BANT qualification hurdle, your ability to influence is greatly reduced. The train has left the station, and if you weren’t steering it, there’s no point jumping on board.

And that’s where the Sales Process design often is wrong. Sales emphasis actually increases as the ability to influence reduces. Sales management tends to only get involved once opportunities are well progressed – post Qualification. Solution Consulting and Processional Services assign domain experts once it gets to “Discovery” or “Proposal” stage. Management start scrutinising things once an opportunity is in “Decision” stage. In other words – when the reps or sales manager’s ability to influence the outcome is minimal. CEOs get introduced at the tail end, when the processes set in motion typically don’t allow prospects to change tack, even if they’d wanted to. Yet, that super important “Prospecting” stage – where the ability to influence is at its highest – hardly gets any scrutiny.

How to fix it

Determine your Ideal Customer Profile (ICP) and ensure you Get in Early. Focus; selling change in enterprise is about quality, not quantity. Agree on the importance of the “Prospecting” stage, and rearrange your weekly sales meeting to ensure the agenda also addresses the top of the funnel. Have Marketing and Sales Development present, to share their Lead Generation activities to start conversations early. In your CRM, consider breaking up “Prospecting” into “Reaching out”, “Initial Meetings”, “Selling Vision”, and “Vision Match”, before moving on to “Qualification”. In the 1:1s with the sales reps, scrutinise opportunities in qualification stages and don’t be afraid to slow things down. If you don’t already have one, create a process around qualification; have multiple people constructively review such opportunities to avoid eagerly qualified opportunities lead to “No Decision”. Review those “No Decision” opportunities in more detail to find the cause. I often come across reps that qualify too eagerly simply because they want Solution Consultants involved, and the Sales Process dictates that SCs only get assigned to opportunities past Qualification stage! If that’s the case, train reps to have better business conversations to avoid they rush into showing what your solution looks like. Consider changing your Sales Process to involve SCs before “Qualification” with key accounts. Whatever you do, develop an understanding how your prospects buy, and what you really can still influence at what stage. A simple first step is to stop calling it a Sales Process; it’s a Buying Process. 

This simple question will increase your win rates

This simple question will increase your win rates

Being able to articulate differentiators is the single most important skill for any B2B sales professional. It’s often also the most difficult; that’s why a large part of your sales training is devoted to it. As you make that skill your own, you have to be critical and be aware that your competitors will be just as confident as you when they come out of their sales training. They will develop their pitch around different differentiators and try to convince your prospect those are more important than yours. Of course, selling then is about the right questioning to understand the client’s needs, and to get them to buy into your point of view rather than the competitor’s. I am sure your sales training addresses that, too. But so does your competitor’s training.

There is a powerful question that most sales trainings don’t teach you to ask. It’s a bit of a no-brainer, which is probably the reason why it gets overlooked not just by your sales team, but by your competitors, too. It’s single best question I’ve learned to ask, and has often lead to game-changing insights. It’s pretty straight forward: “Dear customer, thank you very much for deciding to go with us after such a thorough evaluation. What made you decide that way?”. I ask this question after every single win, and always learn something new – which I then take into my next pitch. For instance, when I worked at Responsys a couple of years ago, one new client told me she back-channeled with customers of the shortlisted vendors, and heard our SaaS solution never had unexpected outages. Also, our local support team was really helpful. The sales training I’d had didn’t mention these as differentiators, but once I learned these were differentiators, I made a point of telling prospects to focus on that during the reference calls they requested. Other customers would give me reasons that did align with our differentiators, but used their words, and provided a context that helped me understand the customers’ business even better (yep, even after the deal was won! Clients sometimes open up more to sales people after the decision is made). And it wasn’t just about the customer agreeing our offering was better – sometimes, this simple question would lead to insights around competitors’ strengths or sales tactics that nearly got them to sway the deal their way! 

I think another reason this question hardly gets asked, is that sales people think it could reflect a lack of confidence. They believe clients decided to go their way because they were so good at convincing them about their differentiators. The win simply is a confirmation of the sales team’s awesomeness and since the client already signed, why take the risk of coming across so timidly? To not let overconfidence or ego get in the way of gaining such powerful insights, develop a good talk track and processes around that question. Maybe an Account Manager, or senior leader could own that conversation. Maybe even an outside party. Whatever you do, make it part of the sales process! You’ll see that new customers will appreciate the humble ask, and always are willing to help you do even better.