Time
Management – Now More Than Ever
(Download PDF Version)
Dave
Brock, Partners In EXCELLENCE
I never thought I would write an
article about time management for sales and marketing professionals,
frankly I thought it was a boring topic.
In today’s business world, everyone is time poor.
People have too much going on and work long hours.
Do the long hours really produce results? Everyday, the reality of how sales professionals spend their
time is astounding! Consider
this:
-
In assessing the sales
effectiveness of a very large organization, we found the sales people
were spending about 14% of their time in sales related activities.
That includes all time with customers selling, all time spent
preparing for sales calls, responding to new opportunity related
questions, and related selling activities.
Where were they spending the rest of their time?
Over 40% of their time was spent purely on internal activities: management reporting, administrative activities, more
management reporting, internal meetings, and more management
reporting. It seemed that
each different product group constantly requested reports, not
realizing the impact these requests had on the sales people.
Sales people were spending their time responding to these
different requests, not selling!
-
Working with a major systems
integration company, we discovered the sales people were making an
average of 2 sales calls/meetings per week on customers.
2 SALES MEETINGS PER WEEK!!!
What’s wrong with this picture?!
The sales people were working hard, but on what? This
is not just a problem with this client, unfortunately we see similar
things with many other sales organizations.
These are just two examples, we
see more every day. It is not
a question of working hard. Every
professional we meet is working hard. 65-70
hour work weeks are not uncommon. Look
at any professional’s schedule and you will see meetings back to back.
Try to take people out of their territories for a few days. In sales training workshops, we see real panic on the faces
of sales people, how are they going to ever catch up on the work they
aren’t getting done?
Working Smarter
One of the keys to increasing
sales productivity is not working harder, but working smarter.
Sales management needs to carefully assess how their people are
spending their time. In the
case of the first example cited, the implementation of a SFA system helped
reduce reporting activity by over 15%--doubling the time available for
sales related activities!
Action Item For Management:
How are your people spending their time?
Survey your people, periodically:
-
How much time are they
spending in meetings with customers addressing new sales
opportunities? (These
meetings can be telephone or face to face meetings.)
-
How many of these meetings
do they have a week?
-
How much time are they
spending preparing for these calls?
-
How many of these meetings
are with new prospects (within current customers, or with new
customers)? How many of these meetings are with current customers?
-
How much time are they
spending in meeting with current customers on customer
service/satisfaction issues? These are important meetings, but too much time could be an
indicator of problems.
-
How much time are they
spending in internal meetings, not related to new sales opportunities?
What are these meetings accomplishing?
-
How much time are they
spending doing internal reports?
Who is asking for the reports?
Are they really necessary?
Are they being used (Guess
what, much of the information people are asking for are not using the
results.)?
-
How much time are they
spending in meetings? What
meetings? Are they appropriate?
-
How much time are they
spending in training?
-
How much time are they
spending in travel? To/from
customers, other travel?
-
How are they spending the
remainder of their time?
Some basic stuff, but
unfortunately, we aren’t paying attention to it.
Look at the time drains your people face and start activities that
take their time away from selling and supporting customers.
Consider implementing tools to help doing this.
Effectively implemented, SFA systems can dramatically reduce time
spent on internal reporting.
Next, look at how your people
spend their time with customers. Are
they using that time as effectively as possible.
As an example, we find sales people tend make two times the number
of really needed. Much of
this is the result of poor planning, calling with the wrong people,
ineffective sales opportunity strategies, pursuing low probability sales
opportunities, and many other things.
Make sure your people are being as effective as possible in every
activity with customers.[i]
Working Harder:
Now the bad news, working harder
helps too! Unfortunately, I
run across too many sales people, that while busy aren’t doing the right
activities. They spend a lot
of time calling on their customer friends, they welcome the time spent on
internal meetings, they find numerous ways to spend their time doing
things other than calling on customers.
I’m not sure why this has
happened, some of its complacency, some sales people are succumbing to the
non-productive time drains, often, they have no idea how many calls they
should be making a week. There
are many reasons. However
simplistic, it’s time to look at sales activity levels.
Action Item For Managers: You need to set expectations for sales activity levels.
Set goals for the following:
-
How many new
prospects/customers should be contacted each week?
-
How many meaningful meetings
should the sales people have with customers each week?
(Talking to the receptionist doesn’t count.)
-
How many telephone contacts
should your sales people be making each week?
-
On average, how many sales
opportunities should each sales person be pursuing at a time?
(How many do they have in their funnel?)
Sounds a little like big
brother! I never thought I
would make these recommendations, I am not trying to develop a “sales
sweatshop,” but unfortunately I see too many sales people making too few
calls. Start setting goals
for these, and watch your business volumes grow.
Once the activity levels are at the right level, then focus on
developing their effectiveness.
Partners In EXCELLENCE provides many training programs improving the
effectiveness and efficiency of sales professionals. For
information on the
Dimensions Of EXCELLENCE training programs, follow the
link.
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