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Cover of 'Hyper sales growth'

Hyper sales growth

Jack Daly

Proven street strategies: quick, profitable expansion

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Description

An effective growth strategy requires vision, people, and culture. The vision paints a compelling future that motivates teams. Capable sales leadership executes the vision daily.

Don't promote your best salesperson, hire a dedicated manager. Build an inspiring culture where passion and excellence thrive. Systems and processes create consistency, improving results. With vision, people and culture aligned, sales growth follows.

Table of contents

01

Vision

An inspiring vision fuels sales, blending a bold yet achievable dream with core values and strengths, articulated in simple language, to drive a united, strategic pursuit of success.

Have a coach mindset

A compelling vision paints a vivid picture of what your company will resemble down the road. It needs to inspire risk-taking to achieve ambitious goals. An engaging vision also provides perseverance when adversity strikes, as it inevitably does. Growing sales generally necessitates expanding your salesforce. You must recruit the right people and motivate them to sell. The key to sales growth is always hiring the proper sales manager to lead and coach the team. An excellent sales coach who focuses on developing sellers is essential. Three common sales coaching pitfalls are: the owner doubling as sales manager, thus shortchanging coaching; appointing your top salesperson as manager, resulting in losing your best producer; and expecting your star sales rep to still sell full-time after becoming the sales manager, shortchanging their team development duties. To boost sales, adopt a coaching mindset aimed at winning a championship. Acknowledge you can’t do it alone and diligently recruit talented salespeople and managers. Putting the right people in key roles is truly the secret to success.

Set poor free

It's vital to openly rank salespeople monthly using clear metrics. Meet individually to discuss the rankings and figure out what behaviors influence their position, positive or negative. The top 25% likely drive over 60% of sales; the bottom 25% under 6%. Yet most time gets spent assisting lower performers rather than enabling top talent. Instead, set reasonable minimums for each person based on experience and territory. Allow a fair timeframe to meet these standards while providing weekly feedback on progress. Release those consistently underperforming as they likely won't improve; this frees up time spent trying to boost low producers. Have the mindset that if they don't meet numbers, sales isn't their strength so they should find an area to better apply their skills. The key to consistency is measuring performance, then promoting or releasing people accordingly. It's rarely the people you release that cause misery but rather those you retain that haven't earned their spot.

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02

People

To generate hyper sales growth, a sales manager must act as a coach for the sales team. The key to increasing sales is effective sales management that trains salespeople to become top performers. Specifically, the sales manager should teach salespeople to think, act, and perform at the highest level. This involves developing true sales professionals on the team or hiring those with the right skills. It also requires sales meetings focused on training and role playing to practice pitches, aligning activities with the sales process, and using a customer relationship management system to track progress on opportunities. With a sales manager coaching the team on critical selling abilities and instilling a culture of continuous improvement, the sales organization will drive exponential growth.

Be unforgettable

To excel in sales, making a strong first impression is vital to lay a good foundation. Three ideas for doing this: have a memorable daily-changing voicemail greeting mentioning things like sports scores, weather, or celebrity birthdays rather than a generic message. Immediately send new contacts an email thank you from the parking lot confirming next steps, creating momentum for the next meeting. Keep it personal with handwritten notes - write "personal" on the envelope and drop in a mailbox the next day so it arrives quickly. Use hooks related to shared interests. Carry thank-you cards and stamps in a "moneybag" toolkit to enable quick notes. Personalized stamps and photo cards further stand out. Required daily voicemail changes and moneybag use ingrains these best practices. The moneybag has made salespeople seven figures by ensuring memorability. First impressions pave the way for sales relationships.

Follow critical path

The path to sales success resembles a pyramid. Focus first on understanding people's problems and helping them, not selling. Help solve their difficulties, and they will not feel pressured to buy anything. This builds trust. Spend at least half your time asking questions, listening, and learning their motivations and opportunities. Do not dominate the conversation - let them talk. The more you help, the more they will trust you. Also understand whether they make decisions logically or emotionally. Present solutions emphasizing benefits to them, not product features. See things from their perspective and explain how your offering solves their problems. Once they see you understand and can help, invite them to move forward with your solution. In the end, professional selling means asking, listening, and learning, not talking. No sales were ever lost by listening too closely to the customer.

Reverse engineer sales

To achieve sales success, you must clarify your goals and meticulously plan how to reach them. Put ambitious yet realistic yearly, monthly and weekly revenue targets in writing to transform dreams into defined objectives. Outline the customer outreach, prospecting, presentations, consultations and other sales activities required to generate the deals essential to hitting your targets. Implement performance metrics to regularly measure progress towards overall goals. For instance, track calls made, demos conducted, proposals delivered and meetings conducted. Establish accountability through weekly sales manager one-on-one meetings to review accomplishments and overcome obstacles. Following this structured backward-thinking approach demands diligence, persistence and discipline. But implementing these proven success fundamentals positions you to far surpass those content with mediocrity. So act with the hunger, drive and strategic purpose of a leading company. Let breakthrough aspirations, not complacency, shape your sales execution.

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03

Culture

To achieve record-breaking sales levels, you must establish a sales-focused culture and a workforce of self-motivated go-getters. Creating an environment optimized for sales boosting does not require advanced expertise. The necessary steps are fairly straightforward: communicate the importance of sales at every level of the company; implement training programs to develop employees' selling skills; publicly celebrate teams and individuals who meet targets to spur healthy competition; track metrics to identify high and low performers, then coach struggling salespeople; and incentivize standout results with commissions, bonuses and other rewards. With buy-in across all departments, a culture centered around proactive selling, and systems aimed at continuous sales growth in place, your company will be well positioned to smash previous records.

Hire motivated talent

It's very hard to make people become motivated. A much smarter idea is to hire them that way and then create a culture where salesmanship can thrive. When you hire someone who is motivated and competent, that should be reason for a welcome party for all hands. Most companies start new hires on a monday when everyone else is busy with their own "to-do" lists. Perhaps starting new hires on a friday when there is a bit of a wind-down air around the place would be better. You want to go out of your way yo make your new hire feel special whichever day you choose. A good new hire arrival routine would be: as they come to reception, they see a large whiteboard with their name on it and "welcome." your receptionist (aka your director of first impressions) greets them enthusiastically and states: "we've heard so much about you. Great to have you on the team." the receptionist takes the new hire to their desk where there are streamers hanging from the ceiling, a note signed by the owners of the company, a box of printed business cards ready to go and a company logo shirt and baseball cap. The entire team gets together for sandwiches at lunch and to introduce themselves. When the new hire gets home at night, he or she finds the company has sent a bottle of wine to their home with a note "please use this to celebrate the beginning of a great journey together." the whole production would probably cost $100 but it would make for an incredibly motivated new employee. That investment would be returned to the company many times over if the new hire does some great work.

Empower people

The two key resources that competitors struggle to replicate are talented staff and positive company culture. Once the right employees are brought on board and made to feel welcome, smart leaders step back and let them work with autonomy. Vibrant cultures intrinsically motivate teams to do their best without micromanagement. For example, online shoe retailer zappos offers new hires $2,000 to leave after three weeks of paid training if they decide it's not a good culture fit. Only about three people a year take the money. Everyone else stays because they want to work there, and their passion shines through in customer interactions. Following zappos' lead by recruiting great talent, providing tools, then getting out of their way could be an effective approach for any organization. Securing an engaged workforce through culture may be the ultimate competitive advantage.

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