Sales Opportunities: Know When to Hold 'Em, Know When to Fold 'Em, Know When to RUN

By Rachel Cavallo

Walking away from the biggest opportunity you’ve had all year?  Walking away from an opportunity where you’ve already invested weeks or months cultivating the relationships and building your proposal?  Taking yourself out of the game?  For most sales professionals, these are some of the hardest decisions to make; However… they can be the decisions that make or break your year. 

They can be the decisions that keep you from wasting time on opportunities that aren’t real, investing valuable resources on opportunities you can’t win regardless of how awesome your pitch is, or spending countless business development dollars on a deal that will ultimately be discounted to the point it is barely profitable.

Why do sellers waste time on questionable pursuits and how do we focus them on the right deals?

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When Losing is Winning: Leveraging Win Planning to improve your win rates

By Warren Shiver

“If you’re not first, you’re last” - Ricky Bobby, Talladega Nights

In most cases, sales is a zero-sum game: there is typically a winner and multiple losers. While there are situations where a deal is split among vendors/partners, when a company like Ingersoll Rand wins an order for a large building systems contract, it is usually at the expense of their competitors.

When is it acceptable to lose? EARLY. We work with many clients (and apply this to our own business, sometimes with mixed results), who are seeking to improve their win rate. One of the best approaches (aside from launching a new best-in-class proprietary mousetrap) is to strengthen your sales team’s ability to assess opportunities and constantly qualify in/out. Easy to say, harder to do, especially when there are not enough opportunities in the pipeline to meet monthly, quarterly, and annual goals. 

What are some approaches to improving win rate?

Topics: win planning
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The Five Disciplines Top Sales Performers Master

By Symmetrics Group

We asked the best of the best of our sales superstar network to tell us what drives their off-the-charts performance.

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