Tag: measurement

Making individual sales measurable (part 2)

Now that you understand SPACECHAMPS and the importance of information in a sale, you can work with your salespeople to take a more strategic view of their sales on an individual basis.

As you’ve already learnt, strategy is all about knowing where you are, where you need to be, and how you’ll get there.

First, you need to assess the current situation to accurately understand your As-Is. And you need to know that for every letter of SPACECHAMPS.

Next, you need to map out the steps required to get from where you are, to where you want to be. This could be knowing who to speak to, what to say, or anything else that gets you the information from SPACECHAMPS that you need.

Now you’ve got the plan, you need to encourage (or coach) your salesperson to carry out the plan.

Finally, you need to review how you and the team performed against the plan to help you to perform as well, or even better, next time.

So, you know the As-Is and you know the final goal, but what makes a reasonable To-Be for a sales person? This needs to be something that can be achieved in the next 2-4 weeks.

A useful exercise to do internally, is to put RAG descriptors in place for each letter of SPACECHAMPS. Here’s an example which you might use for Competition 1.

Competition 1
R: I don’t know who I’m competing against.
A: I have identified the competition and have a strategy on how to eliminate it.
G: I have eliminated all the competition, and am the only option this prospect is still considering, confirmed by my Sponsor.

Now, you can help your salespeople to take a strategic view of their major sales in order to maximise their chance of winning the business.

Making individual sales measurable (part 1)

As a sales leader, a common problem you’ll come across is how to measure the effectiveness of your salespeople. You’ll sit down in a one-to-one to go through a sale with them and the rep will give you the gold-plated version of how things are going. It’s very hard then to establish what went well, what could be improved, and what needs to be done to maximise the chance of winning the deal.

Even if you attend the meeting with the sales rep, their relationship with the customer and the way they speak can create a misleading perspective on what’s needed to close the sale.

For these reasons, you need to be able to accurately measure the success of your salespeople so that you can coach them through improvement.

Using SPACECHAMPS™ to measure sales call performance

SPACECHAMPS is an acronym which can help you and your salespeople to identify all the information that needs to be gathered to progress a sale, and for you to coach your salespeople in what steps to take next to close the deal.

SPACECHAMPS stands for:

Who on the client side will help you to win the business?

Who makes the decision and how does the decision get made?

Aware of needs:
Are you aware of all the client’s needs in the context of their business?

Competition 1:
How will you differentiate yourself from the competition?

What impact are problems causing for the client?

Competition 2:
Who does the client compete against and how can you help them differentiate themselves?

What hoops do you need to jump through to make the work happen?

What makes you attractive as they choose a supplier?

How much budget is there and how do you get it?

Is this one-off work or is there greater potential for the future?

When does the client want to see results and what is the timeline to achieve that goal?

If you know all the information, you maximise your chance of closing the deal. Unfortunately, many salespeople spend more time telling the customer why they’re great than really understanding how to close a sale.

Let’s look at one of these as an illustration: Power.

Power is all about knowing who has a role in making the decision. And in a complex sale, it’s rarely one individual, but a web of interconnected stakeholders, all of whom have different priorities, desires and drivers in a purchasing decision. If I take the simple view, I could say “I’m in touch with the CEO so I just need to convince this single person that this is the right solution.”

But in a complex sale to a large organisation, the CEO often isn’t close enough to the problem, and doesn’t understand it enough to make an informed decision. The CEO doesn’t make a decision alone – s/he will take advice from people they respect lower down the organisation, which will inform the purchasing decision. And although a salesperson might feel the CEO is bought in, if other stakeholders haven’t been considered, they could be sending negative messages up to the CEO as they might personally prefer an alternative option.

By knowing which stakeholders we’re in touch with, which stakeholders are decision makers and influencers, and what their individual drivers and business perspectives are, then we can ensure we’re selling the dream to influencers across the organisation. Then, when the CEO asks for opinions from others, we can do our best to ensure they’re positive.

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