For years now, I’ve talked, lectured, cajoled and beaten my salesguys into submission with The Derby Law of 3,000. In a nutshell, The Derby Law says that if you work 60 hours a week (I wish that I could find that job!), which is 3,012 hours, you immediately lose 25% due to holiday, vacations, and sick time. Without going into numbing detail, you lose another 40% of the remaining time due to non-sales activities since our data from now thousands of salespeople says that only 57% of thier available time is spent both preparing for and actually making the sales call. All of this boils down to around 1,300 hours to actually sell…and now my question, as a manager, should be just how effective can I make my time and the time of my salespeople? It would be great if I could hem 90% effective, which would be perfect, but sadly impossible. If, on the other hand, they’re only 50% effective with the time they have available, then I have a really big problem. 50% would be an impossible situation to resolve. Might as well resign right away.
Tags: sales productivity, Sales Optimization, sales management, sales effectiveness, improved sales management, Sales quota, sales training
Movin’ The Needle: Incorporate the Three R’s This Summer
Re-Plan, Reduce, Re-Create
In her 1967 hit, R-E-S-P-E-C-T, Aretha Franklin takes these Otis Redding lyrics to a new dimension as she blasts out “Re, Re, Re, Respect” in the middle of the song on her way to making this tune a landmark in the feminist movement, and what is often considered to be one of the best songs of the R&B era. I love music-any kind, any genre-from Timberlake to Usher to Eminem, to 40’s Glen Miller and Tommy Dorsey, but Aretha’s song has a special place in my tune-filled head, so it’s not unusual when I’m truly relaxed to find that some deeply hidden player in my sub consciousness suddenly just switches on and plays “RESPECT”.
Tags: sales productivity, Sales Optimization, sales, sales effectiveness, selling, selling skills