Time. How often have you thought, “If only there were more hours in a day.” We would have the world by the tail if somehow we could manipulate the constraints of time and accomplish all we set out to do each and every day. On this episode of The Funnel, John and Lindsay evaluate how sales people spend their time and examine how their day can become more productive.
There are numerous studies on the actual time a sales rep spends ‘selling’. Most studies conclude sales people spend 30% to 40% of their time selling; that is, actually interacting with prospects for potential opportunities. So what happens to the rest of their day? 60% to 70% is a large chunk of time!
What is the value of sales time? The biggest indicator of success for a sales person is how much they sell against their quota. Sales meetings, training meetings, administrative tasks, and entering information into the CRM all eat up precious field time. We don’t recommend eliminating all benchmarks, but it might be time to streamline the process.
Sales managers and CEO’s need to think about what success looks like for people within their organization. Take time to evaluate company policies and thoroughly examine processes and sales methodology. Consider the following questions:
How are sales people evaluated and deemed successful?What actions are tracked and measured?What value does that have for your goal as a company?Can the task be delegated?A streamlined sales process is one that lays out each step a sales rep needs to complete with key measurements taken along the way. If you are measuring irrelevant information, not only does it create frustration within the sales team, it eats up valuable field time. Time the rep should be out and selling. Consider streamlining or reassigning administrative tasks and allow your reps to focus on selling out in the field.
A few things to ponder as you evaluate and update your sales process and methodology:
What actions should be tracked to accurately measure the success of sales reps?How can administrative processes be streamlined? Is it cost effective to hire an administrative assistant who, for a fraction of the cost of a rep, takes on the mundane task of recording information, allowing reps more selling time in the field?Look at the sales culture and processes and evaluate their effectiveness. Are the processes streamlined? Do the sales reps have to go through layers of the company to get approval for basic services? Can work be done more efficiently?A good CRM creates a trail of customer interactions, correspondence, client interaction, website, and social interactions. It makes the sales person more efficient without overburdening them. The HubSpot CRM can be learned and implemented within a very short period of time.You will get buy in from the reps by picking one or two little things to change from the start. The goal is not to overburden reps with new tasks. Once a streamlined process and methodology is in place, evaluate the effectiveness of the new policies, over time, by tracking performance. The pipeline will be more accurate and therefore a better indicator of future sales. Manage toward the outcome and watch revenue grow.