- Your opportunity pipeline is less than four times your revenue goal.
- A significant part of your revenue is dependent on one client.
- 80% your revenue comes from less than 20% of your sales force.
- Your managers sell more than the teams they manage.
- Your sales people only talk to customers who already know them.
- You need to give discounts in order to close business.
- You haven't trained your team in over a year.
- Your total number of customers or members is decreasing every year.
Tuesday, February 24, 2009
"Check Engine!"
Sunday, February 22, 2009
Attention Span
Not too many years ago, there were literally only a handful of TV stations to choose from. The lack of choice forced us to have much longer attention spans than we do today. Viewers happily ‘paid’ attention to a company’s message (better known as commercials) for as long as two minutes… then they were shortened to one minute… and 30 seconds… Now, some radio spots are as short as 3 seconds! More people watch YouTube than all of the most ‘popular’ shows on TV, but the average time spent on each YouTube video is reported to be less than ten seconds.
Saturday, February 21, 2009
Fly Proudly!
Monday, February 16, 2009
One Step Forward... Nine Steps Back!
Saturday, February 14, 2009
Sense of Urgency
I passed by that donut shop several times over the next few days, and discovered that the only time there was a line... was when the "Hot Doughnuts Now" sign was lit. They had a product combined with a marketing tactic that created a sense of urgency in their customers.
What are you doing or saying to get your customers to buy NOW rather than later?
Tuesday, February 10, 2009
Feedback about Feedback
The other day, I noticed that one of my favorite bloggers 'only' gets 5 - 10 comments for each of his blog postings. This is despite the fact that literally thousands of people read them every day. Most of his fans are content to read his words, and silently go about their day. If the writer took the amount of feedback personally, he could easily get discouraged and stop providing his daily words of wisdom. But, he realizes that it's the traffic to his site that fuels his brand... not the number of comments he gets.
While feedback can be useful... and provide you with an 'independent' perspective on something that might be too close to accurately judge yourself... don't depend on it to validate what you do.
Do you require feedback to ‘feel good’ about what you are doing? If the answer is “Yes”, get ready for a life of disappointment.
Tuesday, February 3, 2009
Failure at Failing
Take sales for example. Even the 'best of the best' sales professionals have a close rate well under 50%. As a matter of fact, you would be considered a superstar if you consistently closed one out of every three opportunities. Knowing those percentages, you would think that more people would welcome "No's" because that would get them closer to the next "Yes!"
However, we have been conditioned that getting a "No" means you're a failure... and being a failure is bad. Therefore, we do everything within our power to avoid getting a "No"... including not calling prospects in the first place. The required paradigm shift is simple.
In order to be more successful... stop being a failure at failing!
Sunday, February 1, 2009
Strategic Plan Check-up
- Do you have a Strategic Plan? - Before you automatically answer, "Yes!" and move on, prove it by finding the actual document and holding it in your hands... because if your current Strategic Plan is not written down (and easily accessible), it's not real.
- Does every member of your team understand it? - Yes, that means every member (not just the executives who spent countless hours creating it or the managers responsible to implement it)... from the CEO to the part-time receptionist. If every team member does not understand your Strategic Plan, how effective can it be?
- Does every team member have the ability to articulate it? - It's one thing to understand a plan... It's another thing to be able to explain it back to someone (or yourself). If someone is uncomfortable discussing something, it will never be discussed.
- Does every team member clearly understand his/her role in achieving the goals of your Strategic Plan? There are specific skills, behaviors and responsibilities that each person must have to drive a plan toward success. Are they crystal clear?
- Is your Strategic Plan 'alive'? - Is it a 'living and breathing' document with a person's name assigned to every task... with target completion dates... and reviews to hold everyone accountable? Or, is it dusted off once a year during the annual planning meeting?