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TSE 992: If You Are Not Tracking Your Performance You Are Losing!

TSE 992: If You Are Not Tracking Your Performance You Are Losing!

FromThe Sales Evangelist


TSE 992: If You Are Not Tracking Your Performance You Are Losing!

FromThe Sales Evangelist

ratings:
Length:
14 minutes
Released:
Dec 24, 2018
Format:
Podcast episode

Description

Tracking your performance and setting measurable goals will help you perform better as a sales rep. We can optimize our performance if we calculate our daily output to help us fine-tune our work. Sales professionals are competitive creatures by nature, whether we're competing against others or against ourselves. When performance is measured, performance improves. When performance is measured and reported, the rate of performance accelerates.   Potential I participated in a leadership retreat in college and the speaker asked me to participate in a demonstration by jumping as far as I could. She then measured the distance and asked me to jump again to see if I could beat my original effort. Turns out I did, because I had a measurable goal. If I hadn't measured my first attempt, I wouldn't have known whether my second attempt was better. As a sales professional, you'll benefit if you measure your activity on a daily basis. [03:42] Optimization You're probably already planning some of your work: prospecting, phone calls, LinkedIn contacts, and those efforts are all great. But in order to optimize, now you must measure those efforts. If you're making phone calls, what are you measuring? Are you measuring the number of calls? Are you measuring the number of appointments you're setting based upon phone calls? Start writing down and measuring your key indicators. [04:14] If you're measuring LinkedIn activity, what are you measuring? Are you measuring the number of connections you can make? Are you measuring the people who replay to your conversations? Develop key indicators or key performance metrics that you can measure on a daily basis. Trends When you measure those numbers, you'll begin to notice trends. You might notice that you set more appointments on Wednesday and Thursday than on Monday and Friday. You may discover that you successfully connect with more people on LinkedIn on Tuesdays. [04:51] This effort may sound like a lot of work, and some of you may think you can't possibly find the time. Realize that top performers in every industry are measuring and optimizing their efforts. That's how they improve. Coaching That's also where coaching comes into play. Now imagine you're measuring these numbers and your performances while you're being coached. You're going to quickly discover that you're improving quickly. The problem is that we often get comfortable with our performance level. We settle for an acceptable amount of production and we accept it as our best. You may recognize this mindset as, "This is how I've prospected for years, so I'm going to stick with this format." [05:57] Challenge that thinking. Perhaps you'll work with a manager or a sales leader or even the CEO. Accountability will make you even more effective. Strategy When I'm collaborating or sharing with someone else, I may discover different strategies that are working for other sellers. The danger is in thinking that you can't learn from others or believing that you already have all the answers. You won't increase or improve or progress. When I started writing down day-to-day performance, I wasn't competing against my team. I was competing against my previous performance. I started closing more deals because I listened to my podcast guests and got beyond my weaknesses. Then, I read books and got better insights. Really, though, I improved simply because I was conscious of my efforts. [08:36] This year was our best ever, and we haven't even fully optimized our tracking and measuring. Tracking your performance makes a huge difference. Planning Send me an email if you'd like to see what I'm doing and how I'm scheduling my day. I use a planner and a Gmail calendar. I list tasks and color code them to differentiate different activities. If you're wondering, I use green for money-generating activities. I use a different color for admin tasks so I can visually see how my day looks. At the end of the day I ask myself four questions: Did I meet my goals today?
Released:
Dec 24, 2018
Format:
Podcast episode

Titles in the series (100)

Just like most of you, I am a real life B2B sales professional hustling in the world of software sales. If you were like me, you had no clue how to really sell when you started in sales. Over the years I’ve received training/coaching from some of the industry’s leading experts. I applied what I was learning and started seeing a significant difference in my performance and income. I started doing “BIG THINGS”! I personally feel that when you find something of value you should share it! That’s why I love sales so much. I became very passionate and started “evangelizing” about sales. A good buddy of mine, Jared Easley, then dubbed me “The Sales Evangelist”. He recommended that I further my reach by sharing sales tips to others through the medium of a podcast. Today I interview some of the best sales, business and marketing experts. They provide invaluable training of how you can take your career, business, and income to a top producer’s status. I know you will enjoy it. Welcome to The Sales Evangelist!