Are you trying to take your sales success to the next level, but frustrated in your path to get there?
If so, you’ve likely overlooked a simple concept:
Sales success is a chain-link system.
In a chain-link system, the performance of the whole is limited by the weakest link.
When there is a weak link, the system does NOT perform better if you improve the other links.
A military convoy is a good example of a chain-link system. It travels at the speed of its slowest vehicle.
There’s no point in improving the speed of the other vehicles if there’s a slow one holding everything up.
That slow one is the limiting factor.
Sales Success Works The Same Way.
It doesn’t come down to a single thing.
It comes down to a combination of sales skills and personal attributes.
Once you’ve achieved moderate success in sales, getting to the next level is limited by YOUR weakest link.
If you improve one aspect of your system, it won’t improve your success if it doesn’t address your “limiting factor.”
(You may want to read that sentence again).
For example, let’s say you’re great in these areas of sales:
- Value messaging
- Deal strategy
- Personal motivation
… but you’re weak at, say, objection handling.
That weak link will limit your success.
That’s true regardless of how great you are in the other areas.
It’s your limiting factor. The slowest vehicle in your convoy.
Deals that should be a “sure thing” crumble if you can’t address a show-stopping objection.
You can swap out any of the above areas as the limiting factor, and you’ll get the same result:
Greater success evades you.
That’s because it’s not the individual components that matter, it’s how they work together as a system.
That leads me to one of the most important concepts you’ll ever learn in your sales career …
Sales Success Doesn’t Come Down To A “Secret Sauce.”
Great salespeople are not dramatically better at any single skill than an average salesperson.
So what makes them great?
Here’s where their magic comes from:
They’re just a few points better than their peers in every area of sales that matters.
Their “chain-link system” fires on all cylinders and isn’t impeded by a weak link.
They are a tiny bit better in every area that drives sales success, rather than 10x better in an individual area.
This Has A “Compound Effect” On Sales Success.
Great salespeople aren’t simply a bit better than their peers in one area.
They wouldn’t be set apart from their average peers by being 25% better at one element of the sales process.
That wouldn’t be enough to separate them out and make them superstars.
The truth is, they’re usually only 10% better than their peers … but that’s across six or more areas.
Being 10% better than your average peers in six areas doesn’t make you 10% better overall;.
Heck, it doesn’t even make you 25% better.
It makes you 77% better.
Those small 10% differences across six areas compound on each other. That’s what can make you an order of magnitude better than your peers.
That’s a massive gap caused by a handful of tiny differences.
Extraordinary sales success results from compounding effects.
And in many cases …
What Separates Successful Salespeople Is Barely Noticeable.
Here are a few thought-provoking data points that illustrate this point.
Notice that none of these data points are very interesting by themselves.
But they become massively interesting when you look at them all together. When you “see the forest for the trees.
Here’s the first one:
Great salespeople listen more compared to good salespeople.
Their “talk to listen” ratio is around 46%. Average salespeople are in the high 60’s:
Now here’s a critical point for you to absorb:
On its own, this “listening habit” does not lead to dramatically higher performance.
But the story continues. Here’s the next part of it:
Great salespeople respond to objections with questions more often.
Average salespeople jump straight to answers more often:
Great salespeople clarify what’s causing the objection before jumping to an answer.
Average salespeople tend to jump the gun, sometimes addressing the wrong thing.
Again, take note:
This difference in objection handling habits isn’t massive.
But when you combine it with the first skill – listening more – these two skills have more power together than they do separately…
The whole is greater than the sum of its parts.
1 + 1 = 3
We’re not done yet.
Great salespeople spend more time scheduling “next steps” with their buyer.
They take a leadership position, make recommendations, and spend more time with the buyer mapping out a set of actions to move the deal forward.
Would that simple act matter if they were deficient in other areas of selling?
They wouldn’t even get to talking about next steps if they were weak in other areas.
But when you combine it with the rest of their skills, you’ve got a chain-link system that leads to a crazy successful career.
What separates great salespeople from the rest is hard to see. That’s because they’re only marginally stronger in each area of the sales process.
I could keep illustrating this concept with more data points. But I’m guessing you’ve absorbed the takeaway by now:
Great salespeople do EACH area of sales just a few points better than their average peers.
It’s the accumulation of small advantages that compound on each other that wins.
A Single Advantage In Sales Has No Power.
At least by itself.
But when you add a handful of small advantages together to form a system, you get a compounding success rate.
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Reblogged this on PaperChain Blog.