Trend #1: Buyers have more information. Today's
buyers can access a wealth of information in a matter of seconds, which
changes their needs and expectations of interacting with a sales rep.
From Websites, they can gather hard data on products, companies,
competition, and industries, and they can gather soft data from friends,
colleagues, and strangers (anonymous reviews) on social-media sites.
Bottom line: buyers are theoretically better educated before they talk
to a rep or, more dangerously, they think they are.
Trend #2: Selling is more demanding. Today's buyer
has less tolerance for old selling tactics, and today's reps need to
possess all the core sales skills of a top consultant: intelligence to
assimilate information rapidly, behavioral fit to excel under pressure,
stamina to endure the sales cycle, and resilience to continue in the
face of adversity. Most of all, today's sales reps require the wisdom to
manage the sales process, rather than do something to the prospect.
Trend #3: Buyers are more risk averse. As the
economy has become more unsettled, customer reactions have become more
cautious, spending is more conservative, internal controls have
increased, decision making has moved up, and reps have less access to
those decision makers. Gatekeepers are more likely than ever before to
create barriers to stakeholders.
Trend #4: Selling is becoming more professional.
Much like the transformation of medicine in the early twentieth century,
the specialization of selling has led to the creation of a professional
class. The evidence is growing: more business schools are now offering
sales courses, more sales reps are getting advanced degrees (MBAs), and
there are now roughly 40 colleges and universities in the United States
that offer a degree in sales. The overall specialization trend is toward
education and professionalism – and that's good for both buyers and
sellers.
Trend #5: Selling is becoming more global.
Globalization has been forcing the transformation of the sales role, and
today, "global intelligence" and the ability to compete in a global
marketplace is not a nice-to-have, it's a must. Sales teams have to
learn how to balance cultural and regional realities and social norms
and language. The result is a sales environment that requires increased
skills in team selling, "world selling" knowledge, higher reliance on
sophisticated selling strategies, and an increased need for a true
global business view.
Are you and your reps prepared to win amidst this sea of change? How
many on your team possess the behaviors and skills needed to win? How do
you know the difference between those who are barely hanging on and
those who will flourish? These are questions that every sales team will
face.
Fortunately, all of these conditions can be answered with effective
sales skills, increased professionalism of reps, accurate coaching by
sales managers, and a solid set of data to eliminate errors and take
solid steps forward. In 2012 and beyond, successful companies will be
those that leverage scientific data for accuracy, enable reps to succeed
with relevant training and coaching, and create smarter reps to win in
this transformational, technology-driven global economy.
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