McGraw-Hill/Irwin Copyright 2006 by The McGraw-Hill Companies, Inc. Chapter 10 Sales Training: Objectives, Techniques, and Evaluation McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives • • • • Identify the key issues in sales training. Understand the objectives of sales training. Discuss the development of sales training programs. Understand the training of new sales recruits and experienced salespeople. • Define the topics covered in a sales training program. • Understand the various methods for conducting sales training. • Discuss how to measure the costs and benefits of sales training. McGraw-Hill/Irwin 10-3 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 10-4 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Sales Training Issues • Who should be trained? • What should be the primary emphasis in the training program? • How should the training process be structured? – – – – McGraw-Hill/Irwin on-the-job training and experience? formal and more consistent centralized program? web-based? instructor-based? 10-5 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Sales Training Objectives • • • • • Increase productivity Improve morale Lower turnover Improve customer relations Improve selling skills McGraw-Hill/Irwin 10-6 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Obstacles to Introducing Training • Top management not dedicated to sales training • Lack of buy-in from frontline sales managers and salespeople • Salespeople’s lack of understanding of what training is supposed to accomplish • Salespeople’s lack of understanding regarding application of training to everyday tasks McGraw-Hill/Irwin 10-7 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Well-Designed Training Program • Analyzes sales force needs • Sets specific, realistic, and measurable training objectives • Allows for adequate development and timely, effective implementation • Subjects itself to evaluation and review – What do we want to measure? – When do we want to measure? – How do we do it? What measuring tools are available? • Modifies to achieve greater effectiveness McGraw-Hill/Irwin 10-8 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 10-9 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Recent Shifts in Training New Sales Recruits • Companies with less than $5 million in annual sales are spending more on sales training per new hire - $5,500 worth of training per salesperson. • Training in smaller companies has increased from 3.3 months to 4.4 months. • Smaller companies are placing more emphasis on training than several years ago. • Companies are spending time and money on training experienced salespeople • Companies with more than $5 million in annual sales, are spending less money on training Source: Christen P. Heide, Dartnell’s 30th Sales Force Compensation Survey: (Chicago: Dartnell Corp., 1999) McGraw-Hill/Irwin 10-10 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 10-11 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Recent Shifts in Training Experienced Sales Personnel • Experienced sales reps are given, on average, 32.5 hours of ongoing training per year at a cost of $4,032 per rep • Continuing increasing amounts of training reflects a commitment to provide ongoing learning opportunities for senior salespeople • Companies are spending an increasing amount of time on product training and less on training in selling skills Source: Christen P. Heide, Dartnell’s 30th Sales Force Compensation Survey: (Chicago: Dartnell Corp., 1999) McGraw-Hill/Irwin 10-12 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 10-13 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Sales Training Topics • • • • • • • • Product or service knowledge Market/Industry orientation Company orientation Selling skills Time and territory management Legal and ethical issues Technology Specialized topics McGraw-Hill/Irwin 10-14 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Product Knowledge • Enables a salesperson to provide prospects and customers with the critical information for rational decision-making • Involves – Knowing how the product is made – How the product is commonly used, and – How it should not be used. • Customers often want to know how competitive products compare on – – – – price construction performance compatibility with each other • Companies that produce technical products spend a greater amount of time on product knowledge McGraw-Hill/Irwin 10-15 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Market/Industry Orientation Topics • How a particular industry fits into the overall economy • Knowledge of the industry and the economy • Economic fluctuations that affect buying behavior and require adaptive selling techniques • Customers' buying policies, patterns and preferences in light of competition • Customers' customers and what satisfies them • Needs of both wholesalers and retailers McGraw-Hill/Irwin 10-16 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Company Orientation Topics • Company polices that affect their selling activities • How to handle customer requests for price adjustments, product modifications, faster delivery and different credit terms • Sales manuals that cover product line information and company polices • A well-prepared sales manual gives a sales representative quick answers to a customer's questions McGraw-Hill/Irwin 10-17 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Time and Territory Management • Sales trainees need to learn to manage time and territories • 80/20 rule applies: – 20% of the customers account for – 80% of the business and – Require a direct proportion of time and attention McGraw-Hill/Irwin 10-18 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Legal/Ethical Issues • Federal law dictates corporate action or avoidance of action in areas of marketing, sales and pricing • Sales personnel need to understand the federal, state and local laws that constrain their selling activities • Statements made by salespeople carry both legal and ethical implications • Lapses in ethical conduct often lead to legal problems McGraw-Hill/Irwin 10-19 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Technology • Notebook computers – Presentations – connecting to company intranet or extranet – delivering documentation quickly and accurately • Home offices eliminate the need to go to another office • Salesperson can be almost totally self-sufficient with – – – – high-speed network connection computer printer cell phone • Effective computer use affords sales personnel more face-to-face customer contact time McGraw-Hill/Irwin 10-20 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Specialized Training Topics • • • • Overcoming price objections Holding the line on price Working the trade show Problem solving McGraw-Hill/Irwin 10-21 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 10-22 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 10-23 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Keys for Effective OJT 1. Teaming - Bringing together people with different skills to address issues. 2. Meetings - Setting aside times when employees at different levels and positions can get together and share thoughts on various topics. 3. Customer interaction - Including customer feedback as part of the learning process. 4. Mentoring - Providing an informal mechanism for new salespeople to interact and learn from more experienced ones. 5. Peer-to-peer communication - Creating opportunities for salespeople to interact together for mutual learning. Source: The Education Development Center (www.edc.org) McGraw-Hill/Irwin 10-24 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Classroom Training • Trainee receives standard briefings in – – – – product knowledge company polices customer and market characteristics selling skills • Formal training sessions avoid wasting executive time • Classroom sessions permit use of audiovisual materials and technical resources • Interaction between sales trainees builds camaraderie McGraw-Hill/Irwin 10-25 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Measuring the Costs and Benefits • Sales training consumes substantial time, budget and support resources • Relationship between sales training and revenue is difficult to measure McGraw-Hill/Irwin 10-26 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Broad Benefits • • • • Improved morale Lower turnover Higher customer satisfaction Management’s commitment to quality and continuous improvement • Measuring changes in skills, reactions and learning assists both new and experienced sales personnel McGraw-Hill/Irwin 10-27 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 10-28 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 10-29 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Key Terms • • • • • McGraw-Hill/Irwin sales training analysis on-the-job training (OJT) role-playing electronic training methods sales training costs 10-30 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Mark W. Johnston Rollins College McGraw-Hill/Irwin Greg W. Marshall Rollins College 10-31 Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved.