Sales management

CORPORATE SALES

The corporate client acquisition process has many components, so many and so extensive that dozens of pages could be written about it. In this article, I will try to summarise part of my training and experience as a sales leader for more than 10 years.

When you manage a sales team, you have to manage different profiles. You are responsible for leading and motivating people in a complicate race (SALES JUNGLE).

The product/service is viewed differently by each client. Do we have the best product? Is it financially the best? Beyond these aspects, which are very important, the sales team must know how to bring out the value of the product/service, clients and prospects must trust in our company and not in the competition. Here, I like to talk about a complex path with clients: “we are the best team in the market that will help you to achieve the best results easier.

Any company can sell, but only a few can achieve the status of partner. Going from a commodity to a partner requires effort, honesty and a lot of smart work. What is the team's goal? To become a partner of clients, we must lose or win as the same as our clients, we walk together in the business strategy. We want to become a part of our clients, we talk to them and only about them and we will become their trusted advisors and focus on their company strategy. If we achieve this goal, our competitors will have little to do. We will sell more now and in the future, both to our clients (cross & up selling) and to prospects (new sales).

This is achieved over time, with hard work and by doing things right, with intelligence and knowledge. We will go through different phases in different fields: Business Knowledge, Client Relationship, Value Creation, Product/Service, etc....

People working with clients should focus on:

  1. Building TRUST

  2. Working on differentiating ourselves and becoming essential for our customers


In order to focus on these two points, all company’s tiers (starting with the management), must be oriented toward and focused on the clients and we must reach:

  • Growth sticky with all levels client tiers (CxO, Managers, STAFF)

  • Alignment of our development with the objectives of our clients

  • Increasing knowledge of the organisation

  • Involvement of customers in our planning

  • A constant measure and quantification of everything related to customers and correctly alignment with their requirements and needs.

How can we begin?

The first thing a sales team must do, is to create/accelerate demand for our product/service. You could receive “NO” as an answer, but you have to insist in the right way and always repeat. A client says "no" today but as you know this is not a permanent answer... The first thing we should do is to know our "conversion sales rate" and analyse it in order to improve it. Never stop prospecting ;-)

It is important to be aware of the maturity period of our sale’s process. This is important, above all, to make a good, realistic, effective and efficient sales plan.

Sales teams must learn to "stop selling" and begin to elevate the dialogue in their conversations with customers. You must provide value to clients, whoever listens to you wants value for their company. We must take into account who is our interlocutor, value for CxO is totally different from staff value.

We must plan the sale process in the right way from the beginning. Working correctly from the base will give us many more chances of success.

I already have the "plan" but... What do I do now?

The first thing to do is to understand our clients' business, then make a political map of the client and establish a multi-directional "attack" towards various points in the client's organisation. Establish who we know in the organisation. We design 3 levels, executive, management and staff, work to be present at all levels, make a SWOT of relationships and analyse the possible decision making process. Once we know what the process is like, we analyse the profile of the people involved (sceptics, controllers, etc), and when we have as much information as possible, we establish the action points to star the relationship with the customer.

We are in. Now what?

The first thing is to know their current status, listen and based on what the information they give us, decide whether we are going to be direct, redirect the customer, split the offer or simply sow the seeds of the competition's "mistake". There are different strategies and combinations for many of them... The fundamental thing is listening, something that commercial people must perfect (better talk less and listen more). At this point it is critical to make SWOTs of the competition.

The most important part: VALUE PROPOSITION

You have to make a unique and different value proposition, it must be different from the competition's, establish at least three criteria and offer value to your clients. This seems obvious, but it is something that is missing from many proposals. There is a tendency to talk about price and this should not be the case, we need to be able to take the clients out of price talk and into the global value proposition, something that goes beyond just price. It is critical that clients understand the value we bring to their organisation, it is critical to establish long term relationships that are beneficial to both organisations. Creating a collaborative framework between the two entities will set us apart from the rest of the market.

When we make presentations, let's focus on value and keep in mind who we are presenting to. At this point I would like to comment on something that I have always done for years, if you are presenting to a CxO, the presentation should not last more than 15 minutes and the last 5 minutes must be dedicated to the farewell and closing.

How do I manage sales in my company?

The sales team leads the process, but leaves no one behind, the whole company is aligned with the client. We have worked on teaching our organisation who the customer is and where we are going. All the participants are informed and we encourage them to collaborate, we involve them. We want our success as a collective success, we need every single person in the organisation to feel that success is their own. It is the mission of the sales department and the management to make everyone feel that it is a great and correct achievement of objectives.


Humble, honest and constructive self-criticism, are the keys to carrying out this process correctly.


Decision making process. Who are the POP?

When we establish a relationship with clients, we must transmit value in our proposal. We have to be able to disseminate that value within the client's organisation, become their trusted agents, reference consultants, and be valuable enough for clients to want to turn to us if they have any doubts.

We have to be transparent and precise with the information we pass on to clients, and we also have to make them understand where we add value: which is what is going to change from now on. If we are honest, transparent and accurate, it will be the beginning of a good and long-term relationship.

What are the consequences of starting like this? First of all, competitors will perceive a wall that is difficult to overcome, clients will feel comfortable in an honest relationship and will be expecting it. It's time to link both companies, it's time to connect our sales team with the customer's management team. We have to know how to move into the the client's political map, find out how they are organised and see what the decision processes are like.


Are we connected to the clients in the right way?

We have to reach the link with clients at the right levels. Of course, beyond having dozens of connections, we have to focus on whoever is in the buying decision processes. Where we bring value to the company and where we could bring value in the near future. Identifying value from the client's point of view will help us to identify how and with whom we can better relate within the client's staff.

How many times have I heard that it is best to connect at the highest level, or do I go directly to the CxO? The person who leads the sale process does not have to be the person who talks to a certain person. Never forget that the objective is to sell successfully, it is not a question of pride or egos. If you are not comfortable talking to the operations manager, don't do it. If you are not comfortable talking to the CTO, then you shouldn't do it. There are always people in our company who can support us and who will make the client's managers feel that we speak the same language. Never try to approach the customer when you are lost, because sales people don't have to know everything... Getting off to a bad start could damage the whole process.

One thing that can make it easier for a sales person to come in is to go down a level at the first contact and then work your way up. Once you have reached the executive in question, listen, listen again, don't stop listening and understand what is important to them. Try to speak concretely and concisely, and only talk about what generates interest in your listener...


Rule of 9

In 2008 in London, I saw for the first time in a Sales Master Class the rule of 9. I found it interesting and quite functional...

Draw a three by three matrix, you are going to fill it with the people who work in your target company and who you think are involved in the decision process. In the top row put three executives, in the middle row three managers and in the bottom row, put three operations people (day to day...). Once you have finished, reflect on the relationship you have with these nine people and how you are going to improve it.

Let's play... Who is who? We have to identify in the purchasing decision process, who has neither authority nor influence, who has influence but no decision, who decides but has no influence and who decides and has influence... Have you ever had everything in your favour and someone with sufficient authority vetoed you?

Beware of the internal movements of organisations, organisations are dynamic...

When you have a picture of how you are penetrating the company, you will see more clearly where the sales process stands. The minimum requirement to have a good chance of success is to have the influencers/decision-makers and the influencers/non-decision-makers on your side.

The sales person must have the ability to know and to know how to handle different profiles, to identify who he/she is talking to, and how to position the different interlocutors (controllers, risk-conscious people, strategic thinkers, cost-conscious people, etc.).

Ask the right questions and identify who you are talking to, listen and let them talk, observe and identify. Talk about objectives, management, business plan, investigate with your environment...

Finish this process by making a truthful and severe self-criticism of how you are related. It's time to learn, to look internally where you can improve, to establish team strategies, to involve your entire organisation, etc.

Don't forget, the success of a sale is the success of the whole company.