Partners in EXCELLENCE - Making a Difference
This is Dave Brock’s Blog.
It offers my views on a variety of business, sales, marketing, and leadership topic. My goal is to make a difference for you, the reader, in both your professional and personal lives.
Despite YoY plummeting win rates, based on my feeds, the biggest challenge facing sellers is not winning, but seems to be prospecting, engaging customers in conversations, hopefully finding and qualifying new opportunities. The data seems to support this, customers saying they don’t want to talk to sellers, outreaches to get a single response are 7-10 times what was required just a few years ago. When we actually get a customer on a call, our conversion rates are horrible, and getting worse. The solution too many seem to have is, “Do more!” AI and other tools enable us to ramp up […]
Read MoreWin rates are critical to driving performance and achieving our goals. Win rates are critical to our understanding of our pipelines. We leverage them to help us understand whether we are working a sufficient volume high quality opportunities to achieve our goals. The higher our win rates, the more we shift the pipeline numbers in our favor. As a simple example, today, we settle for 15-20% win rates. Everything else being equal, and it seldom is, we need 5-6 times pipeline coverage to achieve our goals. Improving win rates to 30-40%, which usually is not that difficult, nor does it […]
Read MoreWe never, purposefully, set out to fail. But our fear of failure prevents us from learning, improving, and growing. This fear of failure, whether self or organizationally imposed, actually condemns us to more failures over time. We create all sorts of mantras, suggesting we don’t fear failure. “Fail fast, fail often!” “Fail forward.” “Move fast and break things.” Yet when we fail, we tend to punish those we perceive to have failed. We fire a person who hasn’t made their quota, we fail to look at why and what might be done to reverse it. We create structures and rules […]
Read MoreWe seem to be wired to react and respond. When we encounter a problem, we immediately jump on it doing what we can do to correct it, getting back on course. It seems like a game of business/selling “whack a mole.” A problem pops up here, we put a fix in place, another one appears somewhere else, we fix that, another pops up….. We move from problem to problem, “whacking” them, only to have more pop up elsewhere. And, too often, the things we thought we solved pop up again. We end up going in circles, forever, solving and re-solving […]
Read MoreContinuous improvement is critical to our ability to grow, both as individuals and organizations. Whether it’s to drive higher levels of productivity/performance, responding to changes in our customers or markets, addressing new opportunities, or anything else. We have to constantly be assessing what we do, who we do it to/with, how and why we do these things—and how we improve and do more. It’s easy to fill our days with activities, but activities with an express focus and goal are different. It’s easy to continue doing those activities because the goal becomes the activity, not how the activity contributes to […]
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