Thank you, sir, may I have another

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Sales, in a rough economy, is not fun.  Its hard, as you get a flood of recections, to not recall the famous paddle scene in Animal House.   As you get rejection after rejection, you have to stand up, and try to get the next sale – no matter how much losing that last sale hurt.

But… isn’t the whole point of QuotaCrush to get LESS rejections?  Indeed it is, but the facts remain that in a bad economy, no matter how good your sales process is, there are customers that just cannot get the budget for your product – regardless of how much more efficient it will make them, how much money it wil save them, or how much it will increase their own sales.

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Transparancy with prospects

A few weeks ago, Josh Kopelman wrote a great post on entrepreneurs having transparancy with their board.  Within the post, he spoke about how several of his portfolio companies give him full access to their sales data so he knows where they are at any moment.  That struck me as genius – to provide the board with full access to the pipeline, and I’ve been thinking since then about a response to that – how it benefits the VP of Sales.  As I thought about it, I began thinking more deeply about transparancy in the sales process.   I realized in my own discussions with salespeople, I was advocating transparancy with prospects, and thought that instead I would write about that.

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No celebrating until the deal is signed

In sales, its very easy to start celebrating the minute a deal is closed. In fact, celebration often starts once the verbal commitment is given. But, if there is one thing that experience in sales will teach you, is that you really can’t celebrate until the contract is signed – and furthermore – you really can’t celebrate until the cash is in the bank.

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The Sales One-Liner

Over the past several months as I’ve been working with more and more start-ups, I’ve had to critique a lot of sales people on their style and offer suggestions about how to do it better.  And, in giving the pitches myself, allow those salespeople to critique my own sales style and determine whether they buy into my style or not.  All of this done, of course, to figure out ways to close more deals and crush quota.

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Do the right thing… the sales will follow

With a company named QuotaCrush, you would think that my opinion is that salespeople and sales managers should be singularly focused on quota.  In fact, that is completely counter to by entire belief system in terms of the best way to accelerate sales.

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Act now! Q1 is ending.

I shouldn’t be writing, and you shouldn’t be reading, this post.

Why?  Its the end of the quarter, and if you are in sales, and if you are awake, you should be working on how to use the end of the quarter to get as many deals closed as possible.

This week is a key week to call all of your stalled deals and wake them up with an offer.  This is the time to grab your April and May deals, and see about moving them into Q1.  This is the week to make sure the deals that you are counting on for Q1 – actually happen.

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Weekly Pipeline Calls

I’ve been asked by a few clients recently about the value (or lack thereof) of weekly pipeline calls.   I think that this depends entirely on the way in which the meeting is conducted, and the intended purpose of the meeting.

When I started my first company, I had no formal sales training, so my sales were haphazard, my tracking was minimal, and my team was tiny.  While we had ad-hoc meetings about different clients, there was no structured weekly meeting.  Sales certainly got done, and the entire team was often involved, but we didn’t have anything formal – and in many ways this was how we wanted to work.  It was a free form, make it happen approach.

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WSJ: Entrepreneurs Can Lead Us Out Of Crisis

There is a great article in the Wall Street Journal today on something that I’ve been arguing lately.  That the only way out of the financial crisis is through entrepreneurs.

Missing from this legislation [the stimulus bill] is anything more than token support for the long-proven source of most new jobs and new growth in America: entrepreneurs. These are the people who gave us everything — from Wal-Mart to iPhones, from microprocessors to Twitter — that is still strong in our economy. Without entrepreneurs, we will never get out of our current predicament.

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