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TSE 986: Driving Sales in the 4th Quarter

TSE 986: Driving Sales in the 4th Quarter

FromThe Sales Evangelist


TSE 986: Driving Sales in the 4th Quarter

FromThe Sales Evangelist

ratings:
Length:
30 minutes
Released:
Dec 20, 2018
Format:
Podcast episode

Description

Today we talk to Meridith Powell about driving sales in the 4th quarter and how organizations can drive success from the selling side as well as the leadership side. Meridith was voted one of the top 15 business growth experts to watch, largely because she is passionate about helping clients learn strategies to succeed in any economy. 4th quarter complications Meridith calls the 4th quarter of the year her favorite because typically organizations have relaxed a bit and let their guards down. That presents an opportunity for other organizations to put on what she calls a full-court press while everyone else has relaxed. Everyone takes their foot off the gas at the end of the year. They've been working hard all year, and they have achieved decent numbers, so they aren't worried about driving sales in the 4th quarter. They are tired, and when Thanksgiving rolls around, it's followed soon after by Christmas. The cold weather makes it an easy time to be a bit lazier. She calls it the perfect storm of sales laziness. You must keep selling during the 4th quarter to keep that quarter strong. Additionally, though, sales has a lag time. The sales you make in the 4th quarter will determine how well your 1st quarter goes. If you don't invest energy into 4th quarter sales, you'll establish a self-fulfilling prophecy for the 1st quarter and you'll be behind all year long. Begin in October It's never too late to salvage the 4th quarter. [Tweet "Embrace the 4th quarter as an opportunity. Shift your paradigm and recognize that this isn't the time to stop selling; it's the time to start selling. #4thquartersales"] Proceed carefully, though. There's a lot happening in the 4th quarter and your clients and prospects have to-do lists of their own. Establish a plan, and identify a sales leader who will focus on driving sales in the 4th quarter. Even if you don't have one, determine who you need to connect with during the 4th quarter. List your top clients, your best prospects, and those who could be doing more business with you. Once you have that list, design the touches. Focus on thanking them for an amazing year and let them know you'll get in touch with them at the first of the year to establish a plan for the next year. Plan for sales in January If you want your January to be productive, you must lay the groundwork in December by booking appointments. By connecting with people at the end of the year and again in January, you keep yourself visible with your most important customers. As a bonus, you're likely to find organizations that need to dump money before the end of the year to avoid paying taxes. For those customers who haven't yet committed, you've taken one more step to move forward at a time when everyone else is resting. 4th quarter trouble If you haven't hit your numbers by the start of the 4th quarter, you're likely in trouble. Desperation sets in and you make decisions you wouldn't otherwise make. Meridith said that when she consults teams, she often finds that 4th quarter is their greatest struggle. She insists that buyers can smell desperation and they aren't interested in working with desperate sellers. When your 4th quarter strategy focuses on thanking them for their business and coordinating for the 1st quarter of the following year, you lose the smell of desperation and you end up making deals. You're also setting yourself up strong for the new year so that next year's 4th quarter won't end badly. Give up the day If you're listening to this episode and you haven't hit your numbers for the year, let it go. Think of it as cheating on a diet and realize that you'll do better next time. If you push hard to make your numbers now, you may get there, but you'll likely drive your customers away. Instead, focus on staying visible and starting 2019 really strong. You'll maintain your credibility and you'll keep your focus on the buyer instead of focusing on yourself. You can't play basketball by focusing entirely on the scoreboard. You
Released:
Dec 20, 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!