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Archive for February 27th, 2009

Impending Movement

In sales there has always been career movement.  Most successful salespeople have a “hunting” ability for closing deals.  They also use this ability to close new deals for themselves in terms of a new job.

I believe this approach is intensified in the younger generations – Gen X and Gen Y.  This current economy is going to erode much of their loyalty as they watch companies shed employees.  This downturn is far worse than that of 2001, but it is two career-altering downturns in less than 10 years.  That has to have an effect on younger workers.

Some of this movement can be seen in this article from Managesmarter.com:

Even though it is a lower number than in years past, 16 percent of sales employers plan to increase the number of full-time employees on their payrolls in 2009, indicating that there will be movement in the industry this year.

That movement will be happening despite the market conditions. One-in-five sales workers said they will actively look for a new job in 2009, citing better pay and more career advancement opportunities as their primary motivators for hitting the pavement. In addition, 81 percent of sales workers said that they are passive job seekers, those that are not actively seeking a new opportunity, but would be open to one if they came across the right opportunity.

I always laugh at “passive job seekers.”  Who wouldn’t be open to the right opportunity?

Back on topic – I think we are heading for a tremendous jump in jobseekers once this economy recovers (in spite of what the media says, the economy will recover).  Retention is going to be far and away the top topic for all companies as they face the prospect of losing their top salespeople.

It’s All About Leads

Ask any salesperson and they will likely tell you that good leads are the most important aspect of successful selling.  I’ve worked for companies at all different levels on this topic – from absolute garbage leads (the company thought they were good) to golden leads (that were often ignored!).  The golden leads are money if you have salespeople who can effectively qualify.

To that point, Miller-Heiman has released their annual Sales Best Practices Study (h/t Managesmarter.com).  One of their many interesting findings:

Organizations in which sales and marketing are aligned
regarding their target market, customer profile, and lead
definitions are in a much stronger position to produce
quality leads. Maintaining a consistent and highly visible
process to qualify opportunities will be critical in the
coming year when resource allocation will be highly
scrutinized.
We found that a company’s ideal customer profile will
likely change as market conditions change. New criteria
may emerge or current criteria can increase in importance.
Strong sales and marketing alignment supports lead
quality by preventing marketing from focusing on targets
that are no longer a priority.

Many truths in that small excerpt.  Clearly companies will be hunting smaller deals in order to keep revenue flowing.  This economy can dry up revenue streams in a matter of weeks so constantly turning over rocks and looking for any deal will be critical.

As they say, read the entire thing.