I had an “aha!” moment a week or so ago reading through a thread on LinkedIn with a prompt: “Salespeople are getting worse.”
Why are only 53% of Account Execs (Reps) making quota? This stat comes from a CSO Insights report from Miller Heiman.
Reading through the extensive list of comments on the thread one finds many, many, MANY thoughts on what the problem might be.
- Lack of understanding about the Customer’s:
- business fundamentals
- buying strategy
- needs and desired outcomes
- service and support expectations
- need for tailored solutions
- emotional or intuitive buying responses
- Company
- unrealistic quotas, not based on benchmarks or historical data
- Rising quotas
- unhealthy growth expectations
- goals not based in reality
- goals inconsistent or not communicated
- Weak vision
- Scattered products
- No GTM strategy
- Poor culture
- Hiring / Retention
- no methodology
- no pre-assessment or vetting of candidates
- Over-hiring
- More reps fighting for same attention
- Career development
- Sales Training
- how to sell at the company- sales process
- Reps don’t want to adapt or learn
- Should cover planning, thoughtfulness, positioning, analysis of decision-making, competition
- Should include coaching and continuous learning
- Fundamentals for reps and leaders
- Ability to pivot on changes in industry
- Different models for sales supply chains
- Sales AND management training for managers
- Manager coaching training, both sales and management
- Product Training
- time, support and tools to understand product
- Effectiveness of product training
- Market and Environment
- Product offering meets actual need in the market
- Changes to demographics, technology, buyer behavior and expectations
- Digital disruption
- Empowered and informed buyers
- Sales Management
- VPs coaching DOSs coaching AEs
- Not open-minded to feedback or willing to change strategy
- Don’t know how to sell
- Obsessed with meaningless metrics
- “Blowtorch” management
- Sales Reps
- don’t want to work, marketing has made them lazy
- Scared of the phone
- Ability to challenge the buyer’s thinking
- Don’t do proper follow up
- Too focused on social selling
- Process
- Lots of gurus selling theory
- Picking the RIGHT process
- Funnel / pipeline problems
- Cycles have changed
- Need a holistic analysis of the process
- Need to automate the 64% of non-selling time
- Product
- doesn’t work, not viable
- pricing is wrong
- Sales Ops
- use data and data science to reassess strategy and improve
- Sales Ops identify trends not seen by Reps
- Stop seeing Sales Ops as overhead
- Doesn’t even exist in many orgs
That’s from ONE POST!
My question and “aha!” moment: who is analyzing all this to get to the 20% of these causing 80% of the gap? Which are Root Causes and which are Symptoms? Is anybody even doing correlation analysis (the first step) to see which of these might be root causes? I suspect there is a lot of guessing and tossing darts going on.
In a future post I’ll talk about some of the geeky details of how we answer these questions.
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