Determine the Effectiveness of Your Sales Efforts—25 Crucial Questions You Should be Asking (Part 1 of 6)

Are you having sleepless nights, tossing and turning, and crying for help to anyone that will listen because your sales targets are off?
I hate to break the news to you but if you are whining, complaining, moaning and groaning, or tossing and turning at night because your sales are down then you are engaging in unproductive behavior. Exerting energy in this manner is not going to fix the issue that is keeping you up at night. If you are a sales leader, the responsibility to “win-the-day” is upon your shoulders.
If your team is above, at, or even close to goal then congratulations as you are doing a great job! Realistic expectations are needed now more than ever. However, if your team is really struggling or you simply want your existing efforts to be more productive then simply doing more of what you are already doing is not going to change anything. You want to make sure that you have the right plan that will drive the right results moving forward. Things have changed in the marketplace, and the only way for you to meet these changes is to sometimes adapt to or develop a new strategy that ensures you will have success.
I’m going to begin a series on the key questions you should be asking in order to help you define and implement the right strategy moving forward. These questions are geared at the major core components that drive your sales engine to success. However, in some cases you might find you need a new engine if you are truly being honest in your answer.
Over the next several days we will be looking at the 6 core business components that drive your sales efforts. These are: Market Intelligence, Competition Analysis, Product and Services Analysis, Customer Buying Intelligence, Organizational Strategy Alignment, and Human Capital Development.
Market Intelligence:
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What is currently happening in your marketplace? This question may seem obvious, but if you do not have a firm grasp on what is truly happening in your industry then your expectations may be out of alignment with reality. If your industry is down 60%, what can you do differently to keep your sales from being down this far. Industry averages can be deceiving because someone is probably at the top because of what they are doing and it might as well be you. You need to know what is truly happening if you are going to respond correctly to the challenges that lay ahead.
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What markets do you serve and what is the realistic health of these markets? This will help you better define the answer to the first question. The key here is that by knowing the health of your markets then you can make sure you are putting your focus in the right areas. You may find that a market that you are only doing 10% of business in is up by 35% compared to your top market that is down. This means your opportunities lie in this underserved market. You may find that there are new markets that you can break into that will minimize the downward slide of your top markets.
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What are the total sales for all products and services in your industry for the past three years? This will provide you with information on the trends of your industry as well as a baseline to determine how you stack up against specific revenue benchmarks.
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What is your market share? Knowing if you are increasing or decreasing will help you to determine key areas of opportunity. Once you know this information you can craft a plan that will steer you to your goals. Simply compare your sales totals from the last three years to that of your industry to gain insight into your market share.
Having a good understanding of the industry as well as the impact of the economic environment will not only enable you to assess your own performance, but will also provide a framework in which to evaluate the competition. In part 2 we will dive into analyzing the competitive environment and understanding where you are outpacing your competition and just as important, where they are winning the day.
6 and a Half Crucial Mistakes to Avoid When Selling
Here are 6 and a half mistakes I have seen salespeople make. We are all guilty of some of these. However, I hope that this list will serve as a reminder to help you from engaging in the following mistakes.
- Never quote price to an unsold buyer. Far too many salespeople fall victim to the urge of quoting price prematurely. Until you have defined the prospect's or customer's issues and presented a solution that is on target, your price will be perceived as being too high because you have not established value. To create value, you must first understand what your prospect or customer perceives as valuable. Address their pressing business concerns and issues, then receive buy-in that you are on target and that your solution is agreed upon before you ever present your price.
- Zip your lips and listen. Telling is not selling. Ask your prospect well-thought-out questions that will allow them to express their situation and then LISTEN to the answers. Don’t be tempted to tell them how you can address their situation until you uncover all the reasons they may buy from you.
- Be prepared. Nothing is worse than to be in front of a prospect, reach down for your materials and realize that you are missing a crucial piece of information. Take the time before your sales call to check and recheck that you have all your needed materials. This will prevent uncomfortable, embarrassing moments and put you in the situation of making excuses in front of a prospect.
- Stop the small talk: Our research has shown that 75% of all prospects find small talk to be negative. I’m not saying you shouldn’t warm your prospect up with initial pleasantries and a proper greeting, but talking about the trophy on their bookcase or the fish on the wall is not going to be well received. If your prospect wants to engage in small talk they will initiate the conversation. Otherwise, stick to your reason for meeting and clearly define your objective to the call.
- Don’t under-dress. I can’t tell you how many times I’ve heard a decision maker laugh at how a salesperson appeared when they entered their office. Wear the appropriate dress for the occasion. Your attire will convey the message that you are a business equal and not an unprofessional salesperson.
- Avoid failing to take the active steps to build rapport and establish trust. Learn the techniques for building rapport by matching your communication style to their communication style. Trust comes as you do what you say you are going to do. Don’t tell a prospect you will call them back and then forget to do so.
and one-half …
Don’t forget the following formula:
Knowledge + Effective Action = Phenomenal Results
If you truly want to be successful you have to constantly be a student and learn to be a master of your craft. Once you know what needs to be done, you have to take the right actions if you want to receive results. Sitting around thinking is not going to produce anything but a starving thinker. Be effective and efficient. Have a clearly-defined strategic plan and then take the actions necessary to implement your plan.
The Three Sure-Fire Ways to Kill an Organization’s Sales Efforts
Click on the “Play” button to view the video. Tony Smith talks about the three sure-fire ways to kill sales efforts in any organization.
Click on the "Play" button above to view the Vlog
Three Powerful Words in Sales
I was speaking to a salesperson the other day and was asked if there are any specific power words to use in selling. While there are many words that work from a sales and marketing perspective, I have found that there are three words that — when used properly — carry tremendous influence, no matter what the situation, regardless of the industry and irrespective of the type of person you are meeting with. They are:
- Because: This is probably the most powerful word you can use. From an early age, we have been programmed to accept this triggering word “because”. Remember when you asked your parents why you couldn’t do a certain thing and they responded “because I said so.” Not the best answer, but we learn to accept it. The same is true as adults.
There has been direct research demonstrating this word alone is powerful enough to cause people to allow you an appointment, maintain your price and successfully negotiate. One study showed that people were willing to allow others to cut in line in front of them to make copies with the statement “I need to cut in line because I need to make some copies.” - Recommend: This word is great for presenting your solution, but it can be used in many different areas depending on the situation. In my own sales consultations I often say, “based on what you told me, I recommend…” or “I recommend we set up a time next week to review our solution.” Whatever the situation, the word recommend positions you properly and allows you to be viewed as an expert endorsing valuable solutions, as opposed to just a product-pushing salesperson.
- Instantly: When applied conservatively and accurately, the word instantly is excellent to use in your sales letters, marketing collateral, during a presentation or any other area that is appropriate. The reason it works is because we live in a society which, to some extent, has conditioned many people to expect immediate results. We have microwaves, fast food, video-on-demand, drive thru oil change facilities, and up until recently, easy credit. We all expect instant gratification instead of waiting for long-term results or gain. Prospects and customers want to solve their problems instantly.
I think we must always pay attention to the words we use and seek to understand why certain words work or do not work in the context of our day-to-day selling. I sincerely believe these words will help any salesperson sell more and secure more appointments.
With Every ‘Touch,’ Add Value
In my last blog entry, I promised that I would provide insight into a revolutionary new system that will allow you to be more successful in your prospecting efforts.

Recently, I have heard several organizations express the need to teach their salespeople how to build and sustain more value in their sales interactions. In my opinion, simply telling a prospect or customer how your product or service can save them money, reduce costs or any other number of so-called ‘value building’ statements is not really providing them with any real value. I think such statements are, at their root, self-serving in that they place the entire focus on the salesperson and their products and services. Prospects have heard this same line of mumbo-jumbo over and over so many times before that they immediately want to hide once they start hearing it again.
Is there a better way?
Is there a way to build your credibility from the very beginning?
What about delivering real value to your prospects and customers?
Is there a system that you can implement to help you become a trusted advisor and strategic resource, as opposed to being ‘just another salesperson?’
ValueTouch Prospecting™ is the answer. Every time we communicate with a prospect or customer, we are ‘touching’ them in some way. We must always evaluate if this touch was a positive or negative experience for our prospects and customers. The way to ensure you are providing a positive experience with a prospect is to make sure that your communication actually delivers real value to them. In essence, you must deliver a ValueTouch!
In a nutshell, ValueTouch Prospecting is a system designed to help you create compelling value with new prospects and retain your value with existing customers. Here are six tips that will provide you with a quick overview and get you started on your way to better prospecting.
1) Ensure that every communication with a potential prospect or customer delivers compelling value that helps them do what they do better. The perception of value that prospects and customers place on you, your products and services, and your organization is in direct proportion to the value that you provide.
Example: You are targeting a small business owner to discuss their credit card processing equipment. You provide timely information on “the most effective ways to deal with delinquent customer accounts without having to pay hefty legal fees or tie up too much of your time.” Notice that this has nothing to do with your credit card processing machine product and instead is something valuable that your prospect may immediately use. How do you think you will be perceived by the prospect? Positively or negatively?
2) Focus on building trust, rather than pushing your products and services.
3) Employ blended prospecting/marketing strategies to maximize potential sales opportunities.
4) Update your selling practices to reflect the advancements of Sales 2.0
5) Position yourself as a trusted advisor and make sure you are in alignment with your prospect or customer’s buying process.
6) Take action now to refresh your knowledge of business principles.
If you would like more information on how you can implement ValueTouch Prospecting into your sales process, please click here to download our complimentary white paper entitled ValueTouch Prospecting: Finding and Maintaining a steady Stream of Buyers During Turbulent Times.








