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Coaching is the most effective tool for managers to improve sales performance. The highly successful sales managers are the ones who are always learning and developing their own skills so that they can lead their team to achieve sales goals effectively. This is even more significant for managers who are experienced and have been very successful as an individual contributor and are now managing a team.
New research identifies that businesses with a strong coaching culture demonstrate 21% higher profit margins and 20% higher productivity. Because of these findings, there is much emphasis on going beyond just being a typical sales manager to being an employee enablement coach.
It is therefore imperative that Sales Managers need to be coached as well as refining them as a coach destined for a high-performance path. Performance Enablement Sales Coaching model explores the continuous relationship of activities, objectives and results. The goal alignment strategy helps in setting activities and objectives that are likely to produce the desired results.
[custom_html id=”10882″]“If I only had a dollar to spend on sales training, I’d spend 75 cents on the frontline sales managers.”
In this blog, we will look at the nuances of this process, the key tenets of a performance enablement model, and what modern sales management consists of in terms of sales manager functions and objectives.
(Source: seismic)
DO YOU KNOW? A recent Seismic survey revealed that 80% of the respondents are confident that the company’s enablement tools will be instrumental in helping them retain and attract more employees in 2024.
A sales manager manages a company’s sales team, formulates a sales strategy, and delivers sales targets. He mainly keeps the company’s revenues rolling while developing a great culture in the team.
(Source: Mike Kunkle)
My book details this Sales Management System and what I call the Sales Management Operating System. There is a great deal to unpack here within this system and this image, but if you take it from top to bottom and one bullet point at a time, I believe that the concepts clearly shine through.
Developing a coaching framework in terms of systems and well-defined processes which are conducive and easy to implement. Setting up a progressive and dynamic coaching framework is critical for rolling out effective high-performance coaching.
(Source: thecenterforsalesstrategy)
DO YOU KNOW? Companies where quality coaching is present reach 7% higher annual revenue growth.
Identification of appropriate performance standards and key competencies required to achieve the desired performance lay the foundation of effective coaching structure
Each team members have individual goals and aspirations which needs to channelize and aligned with organizational goals in a manner that motivates and energizes the team to perform
Sales is a well-defined step-by-step process which needs to be impregnated into the team for higher conversions and better results. Effective sales processes mirror the customer’s buying processes and therefore coaching processes are defined accordingly.
Feedback in coaching is very important, constructive and specific feedback is the key to successful coaching. Feedback plays the most critical role in success and failure of team performance
Dealing with high emotions and Impasses are the biggest challenges faced by sales professionals. Good coaching techniques to overcome these obstructions is highly critical as most of the deals get stuck at this point and do not get closed.
The Sales Manager transforms as a Performance Coach, guiding and supporting the team members at every step of the sales process leading to higher conversions and better results.
The successful implementation of this coaching model results in the following benefits: –
International Coach Federation Research shows that organizations investing in coaching achieve an average return on investment of 7:1. Now, let’s dig into why coaching isn’t just a feel-good initiative but instead a strategic business imperative with measurable returns.
To transform a modern business and make its sales force much more effective, a modern sales manager needs to be a performance enablement coach. This is in line with the performance enablement model but enables teams to perform at their best. Amity Institute of Training & Development (AITD) will provide such end-to-end sales manager training in developing a coaching culture.
AITD assists organizations in developing a coaching culture that inspires sales managers to become performance enablement coaches. This includes:
AITD skills in the areas of leadership development, sales enablement, and organisational transformation can be of service to an organisation looking to transform its sales managers into performance-enablement coaches. AITD will offer:
The conversion of sales managers into performance enablement coaches is what is crucial to sales success in the competitive business environment today. AITD can also assist companies in making the right sales manager training program that would help build capabilities and develop skills to improve the capacity of their organizational leadership and eventually boost performance and growth.