Leadership Sales Metrics
It’s probably a good guess to say that your leadership team does not have sales metrics. And if your leadership team does have sales metrics, there’s a good chance they aren’t hitting them consistently. When I ask leadership teams about metrics more often than not, I hear, “We should do more of that.” Or “I’m really bad at making time for that, but I know I need to do it.”
The reason leadership metrics are important is because of culture. As we said at the start of this chapter about culture, we know our people are going to look for gaps between what we say and what we do. Culture will eat strategy for breakfast. To unleash the hidden power of your people for growth, start with the behaviors at the top.
To do this, we have to set metrics that can be hit and make a difference. Let’s define what leadership metrics look like because they will be different than traditional sales or marketing metrics. If we know that as human beings we’re happiest when we apply our strengths to tasks, that’s where we need to start. Your leadership team needs to know, you need to know, what their perceived character strengths are. Then you need to apply those strengths to business development activities that can be measured. It sounds simple because it is, but it’s not going to happen without effort.Read more
Lessons Learned From Year 6
I usually send this note in October, on the rough anniversary of launching Chambers Pivot Industries, LLC, but for 2018 we’ll sneak it in with a day to spare. This is edition 6 (which is something like 72 in Greg-job-years). Each year I note 2 or 3 big lessons from the year, and make a few announcements.
Let’s light this candle.
Tactics for Managing Marketing and Sales Roles
We need to cover what to do with your sales and marketing staff. They are the experts in developing new business and naturally resistant to any encroachment into their turf. The day you walk in and announce that everyone sells, their eyes will roll. It’s natural. They are the professionals, no one can do what they do. In this section, we’re going to discuss how to smooth the transition from an organization with siloed sales staff to a company where everyone looks for opportunities. To start, we define marketing qualified leads (MQL) and sales qualified leads (SQL).
Leads are individuals or organizations that are in the market for, or have expressed an interest in your goods and services. We break leads down into two types, the MQL and SQL. The easiest way to understand the difference is using Figure 6.3.
The Future of Sales
The constant news cycle centered around AI and machine learning forces leaders to consider where to apply this new knowledge and capability. Do we work strictly with existing data? What about security? Can it make my forecasts more accurate? And, if the robots are coming, when will they replace those pesky salespeople? What is the future of sales and selling? Read more
How to Become A Successful Sales Manager
Two sales managers are promoted. Both are given teams of the same size, producing similar results, and are instructed to increase results. Both managers are given the same annual budgets, the same support systems, and report to the same VP. A year in, the VP notices a small gap in performance, but both teams are doing better, the VP is happy. Two years in, that small gap has grown and one team is clearly performing better, from the lowest sales rep to the top. The VP wants to know why? What is the difference? How does one become a successful sales manager?
Without interviewing or knowing the managers in question, I will give you one difference between the two. The best way to explain it is to think of a single sales representative and their new objective. Read more
Why Hire an Executive Coach
Why hire an executive coach? I have one idea to answer this question. More of my fortune cookie wisdom.
It’s no fun to be introspective. Since it’s a challenge and a chore, hire someone to do the work for you.
Consider the flip side of my statement. Whereas it’s no fun to be introspective, it’s easy and great fun to point out the quirks and failures of others. It’s part of being human.
If you want to accelerate your performance while expending less energy, hire an executive coach. They’ll find it easy and you’ll get to your goal faster compared to going it alone.
Who holds the algorithms accountable?
We are evaluating a new technological wonder, a soon to be indispensable part of this client’s martech stack. A proprietary algorithm that will power the growth of the company.
It reminds me of a story about how the machines are building their own algorithms and that gets me wondering. Who will hold the algorithm accountable? Read more
One Million Software Companies by 2027
I’ve been thinking about this quote from Jay McBain at Forrester, “I estimate there are more than 100,000 software companies (ISVs) today around the world — up from 10,000 only 10 years ago. I wouldn’t be surprised. . . to see that number grow to 1 million by 2027.”
Today, in the sales and marketing space there are an estimated 5,000 software companies. In 10 years that number could be 50,000? 50,000 companies that understand sales and marketing, selling and marketing.
Think about it. 50,000 companies emailing you about their solution. 50,000 companies calling you with ideas about how to improve your outcomes. 50,000 companies competing for your sales and marketing dollar. Assuming each of those companies have five sales people on staff, that’s the population of Akron, Ohio fighting to get your attention and sell you a solution, every day in 2027. Read more
Millions of Millionaires
The newsfeed tells me that last year, 1.1 new millionaires were created in the US. That brings the USA’s total number of millionaires up to 15,356,000 according to Credit Suisse, the financial services company. What is your guess on the number of these new millionaires that got there following the advice of millionaire self-help gurus? I say very few. Read more
Greg Chambers – Consultant
Companies hire me to help them speed up growth. I do that by helping them design sales practices that fit their size, disposition and unique culture.
Call and find out what that looks like for your organization.
- Webinars & Teleseminars
- Getting the Most From Your Marketing Vendors
- Increase the Value of Your Law Firm Using FIT
- Predictable Growth
- Using Fit to Sell More to Existing Customers
- Complex Lead Generation Made Simple
- Developing a High Performance Sales Team
- Get Your Sellers Ready for the Robots
- Getting More from Automation Tools
- Getting New Clients–Demystifying the initial conversation
- Increasing the Frequency of Employee Feedback
- It’s Not About the Price: Pricing and Objections
- Make 2018 Your Best Year Ever – using FIT
- Measure Twice, Act Once: Simple, effective sales and marketing metrics
- The Two Fastest Ways to Improve Your Selling Skills in the Complex Sale
- Moving from Sales to Management
- Buyers. Strategies for Shortening Sales Cycles
- A Simple Framework for Business Growth
- Old Services to New Customers
CHAMBERS PIVOT INDUSTRIES
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Omaha, NE, United States