Busy, highly-productive sales people move at a different pace. They generate more activity. They have more opportunities in their sales pipeline. They drive operations a little crazy. And as you read these sentences there is probably someone on your team who immediately comes to mind (hopefully several people who come to mind!).
Busy, highly-productive sales people get stuff done. But could they do even more with one minor adjustment? During a recent coaching conversation with Marianna, a highly-productive sales person at one of our clients, we had a bit of an “a-ha” moment. A few weeks ago we were reviewing her pipeline and she was quickly going through the opportunities she had disqualified that week, along with her reason for moving them out of her pipeline. As I listened to her reasons, dispensed machine-gun style with ruthless efficiency, I realized that she was quickly putting each opportunity into a category. And this quick categorization was creating a sales blind spot for her.
This is an over-simplified example of the categories Marianna was using:
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Does the prospect fit into one of these categories where we’ve had past success? (Yes/No)
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They have clear, compelling reasons to change
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We are talking with someone who has the authority to make a change
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We have discussed money, both in terms of the impact on their current operation if they do not make a change as well as the investment required to go with our solution
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There is a clear timeline
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There is urgency to do something about the situation
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And so on…
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Does the prospect fit into one of these categories where we’ve had trouble? (Yes/No)
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They are talking with our competitors
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They have never made a change of this magnitude
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The budget is undefined
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Our pricing is perceived as too high
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There are multiple parties involved in the decision process (and maybe we are not talking with the right players)
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And so on…
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What’s wrong with this approach? In most cases, nothing. These items provide a pretty decent start on a checklist to guide sales people through the discovery and qualification process. For most sales people this type of checklist will be a great guide to identifying opportunities to pursue or discard. However, the trouble begins for busy, highly-productive sales people when they just go straight down the list without slowing down to ask a few extra questions. It’s their strength – their ruthless efficiency – that creates this potential sales blind spot. For example, in Marianna’s mind the fact that a prospective buyer is also talking with competitors is an immediate disqualifier. Not because she lacks confidence or feels she cannot earn the business in a competitive bid, but because she’s busy and it’s easier to move on to an opportunity she can close without the extra steps to navigate.
We coached her to slow down (just a little) to ask a few follow-up questions whenever a prospect showed one of her “disqualifiers.” We discussed that it would only take a few extra minutes per call and she agreed. The results? It’s too early to tell but the early indicators look great – for both Marianna and our client. In most cases her “quick categorization” is accurate 90% of the time. But by slowing down just a bit and asking a few follow-up questions, she’s already identifying prospective clients she previously would have disqualified and keeping them in her pipeline. For a high-producer like Marianna, increasing your pipeline by 10% will have a major impact on revenue growth.
Who on your team may have this same sales blind spot? Remember, this issue will only apply to your elite, high-performing sales people. What will happen to your revenue this year if your sales leaders can help this group increased their pipeline by 10%?