CEO – Page 3

Boosting Profitability in Sales: Mastering the Art of Negotiation – Video 11 of the New Year Motivation Series

By soshaughnessey

As we dive into the New Year, it’s crucial for sales professionals, managers, and CEOs of small companies to reflect on one pivotal aspect of their sales strategy – the art of negotiation. I am committed to guiding you toward more profitable deals this New Year and beyond.

Evaluating Past Deal Profitability

Take a moment to review your deals from the previous year. Were they as profitable as they could have been? The ease of offering discounts can often overshadow the challenge of selling at list price. However, your company’s profit model heavily relies on effective negotiation.

Look back at your past deals. Pinpoint the aspects where negotiations fell short. Set a clear goal for this year to avoid repeating these mistakes. Improvement begins with recognizing what didn’t work well in the past.

Embracing Continuous Learning in Negotiation

As I’ve emphasized in a previous video, continuous learning is crucial. This is particularly true in negotiation. A slight improvement in your negotiation skills can significantly impact your bottom line. Consider attending a class, webinar, or consulting with an expert to hone this skill.

If negotiation is not your forte, reach out for assistance. I’m here to offer suggestions, recommend training resources, or even provide personal training to help you negotiate more effectively.

Preparing for Negotiations Proactively

Prepare a list of items you can afford to discount and those you cannot. Develop scripts and strategies for common negotiation scenarios. This preparation will help you remain steadfast during negotiations, ensuring you don’t make concessions on a whim.

Identify services or add-ons you can offer during negotiations that provide value to your client but don’t significantly impact your costs. This strategy can be a game-changer in making your proposals more attractive while maintaining profitability.

This is the year to enhance your negotiation tactics. By doing so, you’re not just closing deals; you’re maximizing the value and profitability of each transaction. Remember, effective negotiation is not about conceding profits but finding a mutually beneficial ground where your company’s value is rightly recognized and compensated.

Happy New Year, and here’s to your profitability and success in the New Year!

Check out my video below (the final video in this year’s series to start the New Year with confidence and capability).

Revolutionize Your Sales Strategy: The Power of Streamlining Your Sales Process – Video 10 of the New Year Motivation Series

By soshaughnessey

As we embark on this new year, it’s time to reevaluate and refine our sales strategies. My mission is to empower salespeople, sales managers, and CEOs of small companies to achieve remarkable growth this New Year. One crucial aspect that often goes overlooked is the efficiency of your sales process.

A Customer Relationship Management (CRM) system is more than a digital Rolodex; it’s a strategic tool that, when used effectively, can transform your sales process. Ensure that your CRM reflects and aids your sales process. If it doesn’t, you face a gap in your strategy and tools that needs immediate attention.

Take the time to map out your current sales process within your CRM. This exercise isn’t just about documentation; it’s about identifying bottlenecks and inefficiencies. Once you spot these, you can start making targeted improvements.

You may not solve all the problems overnight, but identifying and addressing even one bottleneck can significantly enhance productivity. A small change, like streamlining a step in your process or improving communication flow, can have a compound effect throughout the year.

Remember, you don’t have to do this alone. Your sales team, operations staff, and even your customers can provide invaluable insights into what’s working and what’s not. Collaborate with them to find ways to make your sales process smoother and more customer-friendly.

Your goal should be to make dealing with your company as seamless as possible for your clients. Imagine a scenario where your customers view working with you as the easiest part of their day. This level of customer experience can set you apart in a competitive market.

As we move forward in the New Year, I challenge you to enhance your sales process proactively. A well-optimized sales process increases your team’s productivity and elevates the customer experience.

Make this year count by refining your approach to sales. Good luck, and here’s to a year of effective selling and remarkable growth!

For more insights into this process, watch my video below.

Embrace Continuous Learning for Sales Success in 2024 – Video 9 of the New Year Motivation Series

By soshaughnessey

In the ever-evolving world of sales, resting on your laurels is not an option. My mission is to inspire small company sales professionals, managers, and CEOs to seek knowledge and improvement constantly. As we venture into the New Year, let’s focus on embracing continuous learning to elevate your sales game.

The first step towards growth is acknowledging there’s always more to learn. With 38 years of experience in sales, I still actively seek new tools, techniques, and ways of presenting. This mindset is crucial for everyone in sales – from the rookie to the veteran.

Immersing yourself in your industry is key. Subscribe to at least two industry newsletters this week. These resources will keep you updated on your field’s latest trends, challenges, and innovations. It’s vital to stay informed and conversant about the evolving landscape of your industry.

Podcasts are a goldmine of information and can be a convenient learning method. I host two sales-focused podcasts, ‘Two Tall Guys Talking Sales‘ and ‘Driving New Sales,’ which offer weekly insights into sales best practices. However, don’t limit yourself – explore other sales and industry-specific podcasts to broaden your knowledge.

Commit to daily reading about sales and your specific industry. Early mornings or commute times are perfect for catching up on the latest articles and insights. Sharing interesting findings with your team or on platforms like LinkedIn can enhance your professional network and credibility.

If you’re in a leadership role, guiding your team through this continuous learning journey is part of your responsibility. Encourage your team to share new insights and strategies, fostering a culture of knowledge and improvement.

No matter where you are in your career, there’s room for improvement. Set personal goals for learning and betterment this year. It’s not just about closing more deals; it’s about becoming a more knowledgeable, versatile, and successful sales professional.

As we embrace this new year, let’s commit to continuous learning and improvement in our sales careers. It’s not just about staying ahead; it’s about setting a new standard for excellence in sales.

Good luck, and here’s to a year of growth and successful selling! Please enjoy the video below, in which I discuss this concept even more.

Elevating Your Sales Game in the New Year: The Essential Guide to Social Selling – Video 8 of the New Year Motivation Series

By soshaughnessey

Understanding and leveraging social selling has become more crucial in a business landscape where digital presence can make or break your sales success. I guide salespeople, sales managers, and CEOs of small companies through the intricacies of social selling to ensure a solid start to the New Year.

Crafting Your Digital Persona

Your online profile, especially on LinkedIn, is often your first impression of a potential client. Is your profile projecting you as a job seeker, or does it establish you as an industry leader and expert? Updating your social media profiles to reflect your professional expertise and the value you bring to your clients is a crucial step.

Consistently sharing relevant industry content is not just about staying active online; it’s about positioning yourself as a knowledgeable and engaged leader in your field. This could be anything from exciting news articles to insightful blog posts that align with your industry and the solutions your company offers.

Engaging with Prospects on Social Platforms

While direct outreach is valuable, the real power of social selling lies in the research and insight phase. When you find a potential client on a platform like LinkedIn, engage with them by sharing content that resonates with their needs or challenges. It’s about building a connection and demonstrating value before the first sales conversation begins.

Setting Goals for Social Media Interaction

Commit to a regular posting and interaction schedule on your chosen social media platform. Aim to publish new, thoughtful content weekly, and make sure to engage with your network. This consistent presence ensures prospects find an industry professional actively contributing to the industry conversation when they research you.

Are you aware of your Social Selling Index (SSI) on LinkedIn? It’s a valuable metric that helps you gauge your effectiveness in social selling. Set goals to improve your SSI by being more active and engaging and providing value through your posts and interactions.

Attend virtual industry events and webinars. This broadens your knowledge and increases your visibility among peers and potential clients. Aim for at least one event per month to maintain a consistent presence.

In this New Year, your ability to harness the power of social selling can significantly impact your sales results. It’s not just about being present online; it’s about strategically building your digital persona to attract and engage with the right prospects.

For more insights on effectively using social selling to boost your revenue, check out my video series with the latest installment below. Let’s make this year a milestone in your sales journey.

Happy selling, and best wishes for a prosperous year ahead!

Two Tall Guys Talking Sales – The Trusted Advisor: Excelling in Consumable Product Sales – E70

By soshaughnessey

Welcome to another insightful episode of “Two Tall Guys Talking Sales,” where hosts, Kevin Lawson and Sean O’Shaughnessey, delve into the often-overlooked realm of consumable sales. In this episode, they explore strategies for making that initial sale and ensuring repeat business in a competitive market. Whether you’re selling paper, steel, lubricants, or any consumable product, this episode is packed with valuable insights for sales professionals at all levels.

Key Topics Discussed

The Importance of Being a Trusted Advisor: Understanding the significance of building solid customer advisory relationships in consumable sales.
Selling Beyond the Product: How to add value and differentiate yourself when selling widely available products that are similar across competitors.
Strategies for New Territory Development: Tips for sales leaders and salespeople on effectively breaking into and growing new sales territories.
Crafting a Unique Selling Proposition (USP): The necessity of developing a compelling USP, even for distributors of similar products.
Role of Sales Managers and CEOs: The importance of leadership in providing tools and processes to support the sales team in delivering value.
Maintaining Customer Satisfaction: Strategies for keeping customers engaged and ensuring repeat business in a competitive environment.

Key Quotes

Sean: “The value you bring is you. The value you bring is your ability to understand the prospect, your ability to guide the prospect.”
Kevin: “Figure out for yourself what makes the most value for your customers. When they say, ‘thank you,’ what do they say thank you for?”

Additional Resources

Book: “Challenger Sale” – Recommended for understanding the concept of challenging and driving customer business – https://a.co/d/cIUwphe.
Book: “Eliminate Your Competition” by Sean O’Shaughnessey https://a.co/d/4qCVNEP.

Summary

In this episode, Kevin and Sean provide a deep dive into the world of consumable sales, emphasizing the importance of being more than just a salesperson – being a trusted advisor. They discuss the necessity of understanding your product and your customer, crafting a unique selling proposition, and the critical role of sales managers and CEOs in empowering their teams. Whether you’re a seasoned sales professional or just starting, this episode offers practical advice and strategies to excel in the competitive market of consumable sales. Tune in to “Two Tall Guys Talking Sales” for these and more invaluable sales insights.

The Follow-Up Formula: Driving Sales Success in the New Year – Video 7 of the New Year Motivation Series

By soshaughnessey

As we venture into the New Year, the key to propelling your sales, whether you’re a seasoned sales manager, a striving CEO of a small company, or an enthusiastic salesperson, lies in one critical skill: effective follow-up. My video series aims to arm you with best practices to ensure this year is your most successful yet.

A common pitfall in sales is failing to follow up swiftly and effectively. Every interaction with a client or prospect should be promptly followed by a thank you note or email. This small act signals your dedication and interest in the client’s needs. If you’re leading a team, make it a non-negotiable standard – a follow-up within 24 hours is a must.

A well-implemented CRM system is a game-changer for managing follow-ups. It should facilitate sending personalized emails with just a few clicks. If your CRM process is cumbersome, it’s time to reassess and streamline your approach. Remember, if following up feels like a chore, you’re not using your CRM effectively.

One of the golden rules in sales is to schedule the next one before ending a meeting. This practice helps maintain momentum and keeps you at the forefront of your client’s mind. It eliminates the hassle of tracking someone down later and significantly reduces the chances of being ‘ghosted.’

Consistency in follow-up is vital, but so is adapting your strategy to fit your industry’s unique rhythm. Whether it’s a few days or a month later, re-engage with clients who haven’t responded. This persistence shows your commitment to providing solutions. However, constantly tailor your follow-up timing to suit the client’s needs and industry norms.

Make following up a habit, not an afterthought. Whether you’re a VP of Sales ensuring your team adheres to this practice or a CEO looking to make a significant impact this year, diligent follow-up can be the difference between a good year and a fantastic one. Set reminders, use calendar alerts, and let your CRM be your guide in this journey.

This year, let’s resolve to excel in our follow-up game. It’s not just a sales tactic; it’s a fundamental aspect of building lasting relationships and driving success. Check out my other videos for more insights and strategies to kick-start your sales year with a bang. With the right approach, 2024 can be a year of remarkable achievements in your sales career.

Happy selling, and here’s to making this year not just great but phenomenal!

Start Strong: The Art of Customer Profiling – Your First Step to Sales Triumph – Video 1 of the New Year Motivation Series

By soshaughnessey

As someone with experience as a VP of Sales, I am very familiar with the ups and downs of the economy. Every year, experts predict challenges, often painting a negative picture of the business world.

However, what if I told you this year could be your most successful one yet despite these predictions? That’s what my latest video is all about. It’s filled with valuable strategies to empower salespeople, sales managers, and CEOs of small companies.

Debunking the Myth of Economic Downturns

The first eye-opener is simple but profound: stop worrying about the news. Being well-informed is essential, but being overwhelmed by pessimistic forecasts only hinders progress. Remember that your market share is likely a fraction of the overall market size. A minor economic decline doesn’t have an impact on your potential success. It can be an opportunity to refocus and gain market share.

Customer Profiling: The Key to Tailored Success

At the heart of a great sales strategy lies customer profiling. Understanding customers and what motivates them is crucial. This goes beyond their preferences and involves anticipating their future needs and desires. Markets evolve constantly, so you must continually adapt your understanding of your customer base.

This process involves conducting research and sometimes even short surveys to understand why your clients choose you and how you can better meet their needs.

Addressing Current Challenges for Future Benefits

Identifying and resolving the challenges faced by your clients is crucial. Often, other clients also experience the challenges. Finding solutions to these issues strengthens your relationship with existing clients and creates a roadmap for attracting new ones.

Time is of the Essence

Time is something we cannot afford to waste. The objective is to refine these strategies within two weeks. Procrastination hinders progress in sales. By taking action, you set a precedent for the rest of the year, avoiding the familiar rush to meet quarterly targets.

I encourage you to watch the video for an in-depth exploration of these strategies. It offers more than advice; it provides a blueprint for thriving in any economic climate. Start now. Make this year your most successful yet.

Best of luck with your sales efforts this year!

Two Tall Guys Talking Sales – Holiday Reflections and Giving Back: A Special Episode – E67

By soshaughnessey

Welcome to a special holiday edition of “Two Tall Guys Talking Sales,” where hosts Kevin Lawson and Sean O’Shaughnessey share a heartwarming and reflective episode. As we wind down the year, Kevin and Sean take a moment to step back from the hustle of sales strategies and focus on the essence of the holiday season, sharing personal anecdotes and extending warm wishes to their listeners.

Key Topics Discussed

Holiday Reflections: Sean reminisces about a memorable holiday season experience that involved closing a deal in a unique and personal setting.
Work-Life Balance: The importance of relaxing during the holidays and spending quality time with family and loved ones.
Community Involvement: Kevin highlights the significance of giving back to the community and shares insights into their volunteer work.
Building a Supportive Community: The hosts discuss their plans to continue developing their podcast and CEO workshop series in the coming year, emphasizing the value of free resources and support for the sales community.
The Spirit of Giving: A reminder to consider how we can contribute positively to others’ lives, especially during the holiday season.

Key Quotes

Sean: “Just have a good time with your family right now.”
Kevin: “In this season of giving, think about how you can give to others. Happy holidays.”

Summary

In this heartwarming episode of “Two Tall Guys Talking Sales,” Kevin and Sean step away from their usual sales-focused discussions to embrace the holiday spirit. They share personal stories, emphasize the importance of family time, and encourage listeners to engage in community service. This episode is a gentle reminder of the joy and fulfillment that comes from giving back and spending time with loved ones. Tune in for a dose of holiday cheer and inspiration to carry into the new year.

Segmenting Target Market: Categorize potential clients to tailor strategies effectively – Driving New Sales: Transforming Small Businesses into Sales Powerhouses – Episode 7

By soshaughnessey

Welcome to a new episode of “Driving New Sales: Transforming Small Businesses into Sales Powerhouses.” Today’s discussion, led by Sean O’Shaughnessey, focuses on market segmentation and its pivotal role in enhancing sales strategies for small and medium-sized businesses. This episode is sponsored by Kevin Lawson of Lighthouse Sales Advisors and Sales Xceleration, offering seasoned sales leadership solutions for small businesses.

Key Topics Discussed

Understanding Market Segmentation: Sean dives into the essence of market segmentation, likening it to the precision and personalization of a master tailor.
The ‘MASA’ Criteria for Effective Segmentation: Explore the Measurable, Accessible, Substantial, and Actionable elements that form the foundation of successful market segmentation.
High-Value vs. Low-Value Customer Segments: Learn to differentiate and prioritize segments based on value, focusing resources on the most profitable groups.
Tailoring Offerings to Customer Needs: The significance of customizing products and services to meet the unique requirements of each target segment.
Applying Geographic, Demographic, and Psychographic Segmentation in B2B Sales: Insights into using these segmentation strategies to effectively identify and target potential business clients.
Leveraging Data Analytics and Market Research: Utilize data-driven approaches for informed segmentation and proactive market strategy adjustments.

Key Quotes

“Market segmentation is not just about splitting your market into groups; it’s about recognizing and catering to your customers’ unique needs and preferences.”

“High-value customers usually offer higher margins and are more likely to be repeat purchasers, potentially even advocating for your brand.”

“Regular reviews and adjustments to your segmentation strategy are crucial to maintain its effectiveness and relevance in the ever-evolving marketplace.”

Our Sponsor

Thank you to Kevin Lawson of Lighthouse Sales Advisors and Sales Xceleration for sponsoring today’s podcast. Kevin is a sales leadership solution provider for small businesses. Kevin helps business owners navigate the potential pitfalls around sales growth, sales turnaround, or scaling up by leveraging sales acumen and his decades of experience to build effective sales teams.

Kevin Lawson of Lighthouse Sales Advisors can be reached at kevin@lighthousesalesadvisors.com and https://www.linkedin.com/in/kwlawson/

Action Items You Can Do Today

Segment Your Customer Base: Classify customers into high, medium, and low-value segments based on purchase history, interaction frequency, and service costs.
Determine Customer Lifetime Value: Use data analytics to calculate the lifetime value of each customer segment and prioritize accordingly.
Develop Specialized Marketing and Sales Campaigns: Craft targeted strategies for each segment, primarily focusing on high-value customers to maximize revenue.
Regularly Review and Update Your Segmentation Strategy: Stay attuned to market changes and adjust your segmentation approach to ensure continued relevance and effectiveness.

Thank you for tuning into “Driving New Sales: Transforming Small Businesses into Sales Powerhouses.” In this episode, Sean O’Shaughnessey has provided valuable insights into market segmentation, demonstrating its critical role in a successful sales strategy. Implement these actionable steps and witness a transformative impact on your business. Stay subscribed for more insightful episodes exploring practical strategies to drive new sales and enhance your company’s growth.

Contact Information

Sean O’Shaughnessey: Sean@NewSales.Expert

www.NewSales.Expert

Setting Clear Sales Objectives and Goals: Establish targets to drive sales team efforts – Driving New Sales: Transforming Small Businesses into Sales Powerhouses – Episode 6

By soshaughnessey

Welcome to a pivotal episode of “Driving New Sales: Transforming Small Businesses into Sales Powerhouses.” This episode, perfect for CEOs, sales managers, and sales teams, delves into defining clear sales objectives and goals. Our expert Sean O’Shaughnessey, backed by decades of sales consultancy experience, unravels the secrets to crafting impactful sales strategies.

We’re also excited to have Jeff Clair of ClairVoyant Consulting as our sponsor, offering expert sales consulting for business growth.

Key Topics Discussed

The Importance of SMART Goals: Sean highlights how SMART goals — Specific, Measurable, Achievable, Relevant, and Time-bound — are fundamental in creating objectives that are both ambitious and realistic.
Balancing Short-Term and Long-Term Objectives: Discover the art of aligning immediate targets with overarching strategic ambitions, ensuring a cohesive sales approach.
Linking Team Goals to Individual KPIs: Understand the necessity of breaking down collective objectives into individual targets, fostering clarity and accountability within the sales team.
Quantitative Goals vs. Qualitative Milestones: Sean emphasizes that success isn’t solely measured in numbers. Metrics like customer satisfaction and brand reputation are pivotal predictors of future growth.
Aligning Sales Goals with Business Strategy: Learn how to ensure your sales activities support and enhance your broader business goals, contributing to long-term sustainability and growth.
Regular Monitoring and Tracking: Tools like CRM systems and routine check-ins are critical in assessing progress and realigning strategies.

Key Quotes

“Setting clear sales objectives and goals is the North Star guiding your team through the corporate sales world.”
“Balancing short-term and long-term objectives is vital to maintaining a steady pace towards your ultimate goals.”
“High customer satisfaction today can lead to more referrals tomorrow.”

Our sponsor:

Jeff Clair of ClairVoyant Consulting LLC can be reached at jclair@salesxceleration.com and https://www.linkedin.com/in/jeffclair/

Action Items You Can Do Today

Monthly Performance Review: Regularly analyze each goal, utilizing the SMART framework for continuous improvement.
Align Individual KPIs with Team Objectives: Ensure each team member knows their targets and role in achieving the collective goal.
Balance Short-term and Long-term Goals: Strategically use short-term objectives as stepping stones for long-term achievements.
Incorporate Qualitative Milestones: Pay equal attention to metrics like customer satisfaction alongside traditional revenue goals.
Ensure Sales Goals Reflect Business Strategy: Continually review and align your sales objectives with the broader aims of your business.

Today’s episode with Sean O’Shaughnessey has been a deep dive into setting clear objectives and goals, a compass guiding sales teams to remarkable success. As Sean pointed out, crafting a well-orchestrated sales strategy where every element harmoniously contributes to your business’s success is essential.

Contact Information

Sean O’Shaughnessey: Sean@NewSales.Expert
www.NewSales.Expert