20 sales challenges
Client Acquisition
Market Penetration
-
Achieving/surpassing sales targets as well as attaining forecasting precision.
-
Inability to mine existing accounts for business expansion.
-
‘Competitor knowledge’ fog. Limited clue & updates about competitor’s tactics and approach.
-
How to leverage through social media, referrals, testimonials, events etc.
-
Ineffectual in galvanising channel partners, joint ventures, franchises, distribution channels etc.
-
Unable to create new lines of business, brand extensions, usage maximisation, product/service boom.
-
Unable to create an altogether new category, ie product/process disruption.
Client Centric
Attaining
the flow
-
Imperfect techniques to sell at C-suite level, lack of consultative selling knowledge .
-
Sales person getting into a constant discovery mode with the client to establish client’s needs. Invokes disinterest from client in having to keep answering and provide information at the inception stage.
-
Deficiency in communicating with impact, the seller’s story, the essence, the transformative insight, the pitch.
-
Inadequacy in communicating genuine differentiators and value proposition to the client.
-
Understanding the vision, mission, branding strategies, commercial pursuits, procurement budget allocations, technology direction, product expansions and buying preferences of the client.
Cognitive Sensing
The
Mind angle
-
Either meeting prospect’s CxO too early in the selling process, thereby creating sub-optimal impact or the other extreme i.e. inability to access the CxO at the right time.
-
Excessive time lost by sales people in pursuing immalleable prospects. Improper sensing of buying intent.
-
Firing up the intrinsic motivation of the sales team and sustaining it.
-
Sales team having inappreciable cognitive selling skills or not keeping abreast of the hugely changing dynamics in selling approach.
-
Insufficient proficiency to challenge the customer with insightful propositions thereby getting commoditized and succumbing to a price pressure.
-
Sales person remaining in transactional mode with the client and not elevating the status to robust relational levels.
Sales Administration
Outside the
client-faced arena
-
Stepping into an RFP labyrinth at a very protracted stage thereby ensuring participation but puzzling over its success. Drains the firm’s precious bandwidth.
-
Salesforce.com and other systems do capture the essence of a sales meeting but reticence is noted in the sales force to provide quality feed into the system.
-
Inadequate ‘qualified leads’ generated (by self & marketing) thereby compelling the sales person to spend excessive time in lead generation & admin tasks as against the more productive face-to-face selling time.
-
Unable to allocate a 2 or 3 day sales training reprieve to the team to replenish skills. Perception of time loss from the field.
-
Incoherence between marketing & sales resulting in improper priming of sales team. Lack of incisive data about customer’s position, challenges, and constraints.