Hi!
My name is c.j., and
here's the February 2008 issue of Psyche-Selling
TM
eNewsletter, and Happy Chinese New Year to you all!
In China,
the period before and after the Chinese New Year is always busy with
employees searching for greener pastures, and employers looking to
hiring new staff. In the rest of the world, this is also pretty
much similar after the employees have collected their year-end-bonuses.
(Click here
for a McKinsey's paper on the War for Talent). Hence the articles in this issue:
-
Mistakes Companies Make
when Hiring their Next Sales Superstar; and
-
Selecting the Right
Recruiter for Your Sales Hiring Needs;
This issue's main article is on "Mistakes
Companies Make when Hiring their Next Sales Superstar",
and it deals with one major frustration that most sales managers face -
getting sales people to change for the better.
In brief:
-
The fact that
companies are trying to hire the next "sales superstar" is a
mistake in the first place;
-
A better solution
is to build a sales team that performs consistently well;
-
Even when hiring
sales people, companies will need to avoid typical mistakes that
others frequently make.
To read the rest of this
newsletter, pls. click
here (http://www.psycheselling.com/page4.html).
Mistakes Companies Make when Hiring their
Next Sales Superstar
by c.j. Ng
When faced with declining sales and missed targets, many companies opt
to hire a "sales superstar", one whom will do the wonders and rev up
sales single-handedly. Unfortunately, most companies almost always
end up with mediocre results at best, and sheer disappointment in most
cases.
In fact, the notion of trying
to hire a "sales superstar" is a mistake itself. Here's why:
The Elusive Sales Superstar
Usually, the term "sales superstar" refers to an ultra-aggressive sales
person who simply doesn't take "no" for an answer, and is just fantastic
in generating great sales results real quick. This kind of sales
person represents only about 1-2% of the entire sales population.
As such they are very difficult to
find. But finding them is just the beginning of more challenges.
You will face issues such as:
- Sales superstars are
highly paid individuals, and to entice them to work for you
will mean you will have to pay even more, for both fixed and
variable pays;
- As most sales
superstars are currently happily making money with their
current employers, and hence that means you will have to
proactively reach out to them. The usual employment
ads won't work, and even most headhunters don't go around
poaching candidates. In worse scenarios, you get
candidates who claim to be sales superstars, but are far
from it;
- The sales superstar you
hire may or may not fit into the way you sell, or into your
company culture. If that happens, and it quite
frequently does, you simply end up with a very expensive
dud!
Even when you hire THE sales superstar who's producing good results
for you, you'll still face 2 possibilities:
- Despite your sales
superstar's Herculean effort, you still are not able to stem
the tide of declining sales;
- Due to your sales
superstar's good efforts, you have now seen
sales increasing as a result.
Most companies who have hired a sales superstar will eventually find
that to increase sales and profits on more sustained basis, you will
need a lot more than an individual's effort, and thus diminishing the
sales superstar's impact on the bottom line.
However, it is the 2nd consequence that poses the most danger to the
company. If you have one sales person who can single-handedly
turn the tide for you, then
you may have a situation where a significant amount of sales are
held in the hands of just one person. If that is the case,
your company may be taken hostage by this individual easily, i.e.
whatever he/ she demands, you'll have to oblige, or else he/ she
will just bring all your major customers to the competitor.
Why Not Build a High-Performing Sales
Team Instead
Rather than hoping to find an
saviour in the form of a sales superstar, what companies can do is
to make sure that all sales persons hired are first equipped and
then train in the skills that make them good sales people in your
unique sales culture.
While you are highly
unlikely to groom sales superstars in your own company, you may
actually build a team that collectively produces much more than a
superstar ever will. Here's how it works:
- Compare the best
performing sales person(s) with the rest (the middle and
worst performing) in your company. Find out what are
the qualities
or behaviours that are ONLY present in the best people,
which the rest are not doing;
-
Structure the interview
processes where you look for past performance whereby the
candidate has demonstrated such ideal qualities or
behaviours;
- If the qualities or
behaviours can be learnt, structure your sales training such
that everyone on your team can learn and internalise them.
In doing so, while you
may not have sales superstars eventually, but you will get a team of
sales people who are performing well above average.
Now, what if
you are unhappy with the performance of the entire sales team, and
in your view, there really isn't any quality or behaviour that you
want your staff to emulate from your best sales person, there's
still hope.
The
HR Chally Group is a leader in
the field of sales staff research, and they have identified the
ideal qualities and behaviours that are needed for each of the
separate pre-determined 14 sales and 8 management position
categories. Now although these are based on decades of
research findings worldwide, they are still generic qualities and
behaviours. If you are keen to find out what will work
specifically for your company, simply drop an e-mail to
info@psycheselling.com
and there will be someone (yes, a living person) to assist you.
The Sales Superstar Isn't Going to be Your Next
Sales Manager
Some
companies may now be thinking that if they haven't got any good
sales people that they want to emulate, then perhaps they can hire a
sales superstar and get that superstar to be their sales manager so
that all can learn from him/ her..
Unfortunately,
the sad story is that only 15% of sales superstars will be
competent managers. Here are the reasons why:
-
Selling is about getting things done
through the customer, while sales management is about getting
things done through the sales team;
-
The sales superstar is a highly skilled specialist in the
former, but not in the latter;
-
When the sales team faces difficulties
in getting better results, the sales superstar tends to fall
back on what she does best, i.e. to take over the sale. In
the long run, you'll end up with a sales team of one, the
superstar herself;
-
Sales superstars know that they are good, but they usually don't
know why they are good. hence, they will find it difficult
to reflect and analyse what makes them successful, and how to
make others be as successful as well.
Indeed, sales superstars can be trained to become good managers.
However, in doing so you are depriving the superstars to do what
they do best, which is closing those deals!
Interestingly, the best candidates to be the sales managers that are
required to coach the sales team to better performance tends to
sales people who had shown drastic improvements over the course of
her career. These people are
usually not "naturals" when it comes to selling, but have improved
their performances by analysing, learning and applying the skills
that make other sales people successful.
As a result,
they are more likely to understand the dynamics behind what made
them more successful as compared to their past performance, and are
likely to flesh out the learning points of others once they settle
into a coaching role.
In any case, if you would
like to build winning sales teams where each team member is an
above-average performer, simply
e-mail
info@psycheselling.com
or call +86-13671902505 or Skype:
cydj001 and
arrange to buy me a mocha.
All information shall be kept in confidence
Pracitical Tips for Managers:
Selecting the Right Recruiter for Your Sales Hiring
Needs
by c.j. Ng
Due to the acute shortage of experienced, good sales people, more and
more companies are looking to hiring such sales people (and sales
managers too) through headhunters. Unfortunately, most of the
results are quite disappointing.
The purpose of companies engaging headhunters is usually to seek direct
and alternative ways to source for good candidates. Alternative in
the sense that the candidate will not be reading about the position in
recruitment ads. Instead, companies hope that headhunters will
have a large pool of ready candidates, and in lieu of that, can actually
make the cold-calls and poach the right candidates from other companies.
Unfortunately, many headhunters, including some international ones, tend
to be rather passive in the hiring process. If they have a good
pool of suitable people, that's great. If not, they simply take
out an advertisement and publicise the vacancy, something which the
hiring company could have done by themselves anyway.
In many cases, the consultants working for the headhunters tend to be
also very junior, and may not have the right exposure to decide what
will make a good fit for the hiring company. They may be
susceptible to manipulation by some candidates, and in some cases, even
willfully recommend the hiring company to meet up with
less-than-qualified candidates, just to prove hey are doing their jobs.
As a result, most headhunters don't really add value to the hiring
companies. That's no to say that all headhunters are bad.
There will be times that headhunters can save time and resources while
providing candidates that fit at the same time. It's a question
about how you evaluate and choose whom to work with.
Here's a list of questions that you may want to ask yourself, or the
prospective headhunter, before you decide hiring them:
-
How is the track record of the headhunter?
How many sales or sales management positions have they filled in the
past year? Can they give you references from their
other clients for similar positions?
-
Do they understand your business, and the qualities and behaviours
needed to succeed for the candidates? Will they know if the
candidate will fit into your unique sales culture?
-
Do the consultants have real work experience, or are they fresh out
of school? Do they have a structured interview process that allows
them to identify the good-fits from the rest?
-
Do they pro-actively solicit good candidates in your industry?
If yes, how well do they perform for such pro-active recruitment?
-
Do they guarantee you a time frame for the search?
-
Will you be updated regularly on the progress?
-
Do they make reference checks? How do they make them? (note:
your competitor will be most delighted if you were to hire their
worst performing sales person, and hence may give glowing
references!)
While engaging headhunters may save some time and resources, there is
still a lot of groundwork to be done in the initial process.
Headhunters should not be perceived as the "all cure" that solves all
your hiring problems in an instant. Instead, the good headhunters
will be your partners in identifying and planning for your long-term
hiring needs.
If you are looking to source for good (i.e. conscientious) headhunters
in China, simply e-mail
info@psycheselling.com
or call +86-13671902505 or Skype:
cydj001 and
arrange to buy me a mocha.
All information shall be kept in confidence
About PsycheSelling.com
As you might have heard of them,
the most common
challenges faced by sales people in any country, and across
nearly every industry, are as follow:
-
Unable to qualify for the right customers;
-
Unable to generate interest through the telephone;
-
Unable to get to the right people (who may or may not be whom
you think);
-
Unable to define the decision making structure of customers;
-
Unable to get customers interested and excited about what you
have to offer;
-
Unable to sustain customers’ interest through the sales cycle;
-
Unable to get past clients’ objections and close the sale
-
Spending too much time with proposals that seem to go nowhere
-
Unable to sell deeper to the same customers
Having these concerns in mind,
the Psyche-Selling
TM
is created
as a result of 1-to-1 coaching with sales people from a variety of
industries across 13 cities in Asia.
Psyche-Selling TM
is currently a co-affiliate of the
HR Chally Group, together with
Shi Bisset & Associates,
to help you identify gaps in your current sales force, and then
formulate ways to help you get better results.
The HR Chally Group is a talent management, leadership
development, and sales improvement corporation providing personnel
assessment and research services for over 33 years. Chally is
recognised as an international technology leader in scientific
assessment and prediction for selection, job alignment and leadership
development, and for management assessment. For more information
about implementing Total Quality Sales Management in your company, pls.
log on to
http://www.psycheselling.com/TQSM-ExecBrief_email.pdf to get more
insights.
Enquiries and suggestions, pls. e-mail
info@psycheselling.com
or visit
www.psycheselling.com
|