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5 Top Reasons for Sales Slumps

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Are you asking these questions about your sales team?

• Why is our sales team not performing?

• We just seem to be in a slump; why can’t we get out?

• Is this a management issue or a sales issue?

Does your sales manager know how to truly manage? Is he or she a real leader, and knows how to lead? Even attending sales management training doesn’t seem to help—why? What is going wrong?

Research done by the Sales Management Association on management training found that, of the top seven topics trained, six are targeted to what salespeople do, and not what sales managers do. The mindset seems to be if we keep teaching managers how to sell better, they will make their sales teams better.

Bottom line: Sales managers don’t need to learn how to be better sellers, they need to know how to be better managers. The most important training for sales managers, according to the SMA, comes down to these five topics:

Hiring Properly Upfront (37 percent increase): The biggest opportunity to jumpstart sales and create true sales breakthroughs is to hire the right people first.

Assessing and Coaching Sales Performance (15.6 percent increase): Managers need to learn how to monitor the key performance indicators and shift them as necessary before they get too far down the hill.

Funnel Management (13.5 percent increase): Managers need to learn how to help salespeople build their pipelines from additional prospecting activities, to properly move them down the sales funnel and close more appropriate business while not wasting time on inappropriate prospects.

More Targeted Sales Forecasting (13.1 percent increase): Learning the sales process to create true forecast. Sales managers do not truly understand how to forecast and because of this deficit, they make educated guesses.

Planning and assessing the right things (12.6 percent increase): Sales managers’ KPIs often analyze the wrong things. Managers need to be taught how to address the correct activities and track them for optimal success.

The importance of your sales force is not underestimated by most CEOs; it often is assumed that it’s run correctly. And you know what happens when you assume.

Greta Schulz is president of Schulz Business, a sales consulting and training firm. She is the best-selling author of “To Sell is NOT to Sell” and works with Fortune 1000 companies and entrepreneurs. For more information or free sales tips, go to schulzbusiness.com and sign up for “GretaNomics,” a weekly video tip series, or email sales questions to [email protected].

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.