7 PROVEN Ways to Increase Sales Productivity đ | Selling Made Simple
Selling Made Simple And Salesman Podcast - Podcast autorstwa Salesman.com
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Eventually in your sales career, youâre going to hit a maximum effectiveness at winning business. âYou canât squeeze blood from a stone,â as the old saying goes. But that doesnât mean youâre stuck where youâre at. If you want to drive more deals now, youâve got to increase your throughput of sales leads. And that takes boosting your sales productivity using these 7 techniques. 1. Reverse Engineering Reverse engineering your goals, mainly your financial goals. What are you shooting for? Is it your dream house? Sending your kids to college? A ridiculously fancy new watch? What is it that you want? Take your goals, jot them down, and then itâs time to work backward. Start with how much extra income you need to afford those goals in a specific amount of time. So say you want to bring in enough to put a 20% down payment on a $500,000 house in 3 years. What youâll do is break down the extra amount youâll need to earn $100k each year, or $33,000. Then break that down into quarterly, monthly, and weekly commission goals. But the work isnât done yet. Now you have to take your sales success rate and work backward to determine how much outreach you need to do every week. So if you have a close rate of 5% and each deal nets you an extra $1000, youâll have to find 660 prospects a year to achieve your financial goals. And that boils down to 13 prospects a week, totally manageable. And best of all, youâll always know when youâre on track to that brand new house and when you need to make up for lost time. 2. Measuring Progress Now number two is measuring progress. If you arenât keeping track of everything, youâll have no idea if youâre 1) being productive and 2) becoming more productive. Youâll be going on feel alone and have no real data to show for it. So what should you do? Measure your stats relentlessly. At a bare minimum, and Iâm emphasizing the minimum here, you need to be keeping track of the following on a weekly basis. * Prospects added to your list * Emails and sales cadences started * Meetings booked * Demos completed * Sales closed * Your average deal length With these numbers at your fingertips, you can keep track of larger trends, see how youâre improving, and even spot shifts in the industry before they become a problem. Itâs simple to do. And itâs a game-changer. 3. Time Blocking Number three, time blocking religiously. This one takes some practice. But the productivity payoff is substantial. For every one of your important tasks, you need to assign them a time block on your calendar. Prospecting, two hours a day, 8 to 10. Lead follow-up, one hour a day, 1 to 2. Demos, 3:30 to 5. Whatever it is, make a specific start and end time. And focus on it and it alone during that time window. Now the tricky part is not wavering. Answering emails during the prospecting window, making calls during follow-ups, any sort of multitasking or shifting that time window will make the entire system fall apart. Instead, be single-minded. Be focused. And only work on that task and that task alone. Itâll take some adjustment. But youâre going to be 10X more productive once you do. 4. Leveraging Parkinsonâs Law Number four is leveraging Parkinsonâs Law. Have you ever heard the saying that a goldfish grows as big as its tank allows it to? Well the same is true for the time you spend on tasks. If you give yourself three hours to finish something, say a new email sequence, itâs going to take you three hours to do, even if it only should have taken two. Humans are great at following the path of least resistance. And if youâre spending more time than you should on something, itâs probably because the deadline is off. Thatâs Parkinsonâs Law â âthe time required to perform a task tends to extend to all the time available to perform it.