Why do Salespeople Fail?
1. They think they can get away with “winging it.” This expression comes from the theater; where it alludes to an actor studying his part in the wings (the areas to either side of the stage) because he has been suddenly called on to replace another. First recorded in 1885, it eventually was extended to other kinds of improvisation based on unpreparedness.
Being prepared for the customer interaction is important. Knowing what action you want the prospect to take based upon this sales interaction allows the sales person to focus. Having a strategy of what to ask, what to show and tell helps to move the prospect to taking the desired action. Anticipating obstacles to the sale will allow you to plan how to go around or over potential “roadblocks” in accomplishing your sales objective.
2. They don’t understand the impact of their personality on specific buying styles. This shows up in not really listening to the prospective customer and, instead, filling the sales interaction with sales talk. They don’t answer questions well because they don’t listen for the assumptions/beliefs that’s behind the prospect’s words. Their presentations are not in line with what the prospect wants to know. Being out-of-touch with the prospective customer’s personality style insures that the inability to communicate will sour the sale.
According to an article on sales management in Business Performance Management, December 2008, only 41% of companies surveyed were confident that their organization manages its sales operations and performance effectively. Two of the most common impediments to successful management of the sales team are inconsistent execution (47 percent of respondents) and an overall lack of sales processes (38 percent). Processes in areas of sales such as revenue forecasting, incentive calculation and territory management are imperative to achieving corporate revenue objectives; it's alarming that so many companies lack some of these basic procedures.
To improve your sales people’s ability to sell well, train and coach them on a proven sales methodology that allows them to prepare for every major sales interaction. Provide them an understanding of their personality’s strengths and weaknesses and how they can “read” their prospect’s buying style. Usually a sales person’s weakness, in the buyer’s perspective, is an over extension of a strength and can be toned down through self management by the sales person.