Why I Started Differential Selling
This article and the subsequent "Seller Quality Deep-Dives" were published last year on my website. I'm re-publishing them on LinkedIn to streamline my website and make this content more accessible. If you've read this before, I invite you to revisit it. The Seller Qualities Model continues to be as relevant today as it was 2 years ago. If you're new-- welcome! This is why I left a role as a strategic seller and started a business to coach individual sellers.
The Seller Quality Deep-Dives will be published here over the next few weeks.
I want to share something with you.
I think we’ve been getting it wrong.
I think the things we’ve been taught to look for in Enterprise Sellers don’t actually correlate with future performance.
I think the things to which we attribute our past success may actually hinder us today.
I think our customers are changing faster than we are.
I’ve been thinking about this for a long time. It drove me to start Differential Selling.
Houston, We Have a Problem
I started my career in Houston, Texas selling IMS and DB2 Mainframe Utilities at a small software company. It was a helluva way to start a career in software sales, but what the job lacked in buzz, excitement, and culture, it more than made up for in deep immersion with Fortune 500 customers and a crack team of veteran selling heavyweights. As I dove into the task of patterning myself after the most successful people around me, I was stunned to discover how difficult it was to discern what, exactly, made people successful in these highly complex, high-stakes sales positions.
I noted that two very different individuals with vastly different personalities, temperaments, styles, and (frankly) work ethics shared almost nothing in common… except for the fact that they were both wildly successful. For a kid 3 weeks out of college, watching someone collect a commission check worth more than all of my student loans combined was a great motivator, but I couldn’t determine what I should try to emulate with two vastly different samples.
This conundrum only became more enigmatic as my experience and network grew. There seemed to be as many varieties of successful Seller personalities and styles as there were sellers, and coupled with the plethora of other variables that impact success for Enterprise Sellers (territory, accounts, timing, offering, etc.), it was almost impossible to predict with any certainty who would succeed and who would struggle. And so, like so many of us when faced with a puzzle, we rely on the next best thing: trailing indicators of success.
Trailing Indicators
Trailing indicators are the natural result of success in the past. They are, many times, decent enough predictors of future success. Think about that mutual fund in your 401(k). The projections about your return at retirement are based on past performance. With 100+ years of stock market data and a long enough time horizon, these predictions can be pretty accurate… except when things change.
When the playing field changes, we end up learning ahard lesson about the difference between correlation and causation. The things that coexisted with success in the past won’t necessarily coexist with it in the future, and we can get a nasty surprise. This is why the SEC requires all of those projections in your portfolio to include the same fine print: “Past performance does not guarantee future results.” 2008 comes to mind.
We are vulnerable to similar unpleasant surprises when we hire, train, and develop Enterprise Sellers based on trailing indicators. What are some common trailing indicators of success that we tend to try to find or foster in our Enterprise Sellers?
These trailing indicators may have correlated with success in the past-- they are, in most cases, the direct result of past success. They may have even been decent predictors of future success for a time. But they will leave us exposed to a surprising lack of success when the world changes.
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The World is Changing
“The World is changing” might be the understatement of the decade, but I’m talking about far more than the effects of the pandemic on B2B relationships. There has been a shift happening in the world of Enterprise Sales for a long time. The effect of the pandemic seems only to have accelerated it. I’ll save my observations on how the world is changing for another post. For our purposes here, the how is less important than the effect, and the effect is that trailing indicators are no longer strong predictors of future performance in Enterprise salespeople. Have you noticed how much harder it is to find strong performers?
Consider this. Since starting Differential Selling, client after client has shared a common struggle with me: how to hire, train, and understand what makes the best Enterprise Sellers the best. The success of the business depends on the ability of leadership to identify, recruit, and retain top performers in each area of expertise, but this task seems to be uniquely challenging for our Enterprise Sales teams. Here’s an example I heard recently from a frustrated Sales VP:
“I don’t get it. The guy had an amazing resume-- a track record of repeatedly hitting quota at other companies. He sailed through our interview process, everybody loved him, and we hired him thinking he would be one of our top performers. But after watching him in action, I don’t think he really knows how to sell.”
Does this resonate? Have you heard this before? Maybe you’ve experienced it first hand. Now think about how ridiculous it would be to hear the head of a development team say the same thing: “It’s weird, he’s got a great resume, but it turns out he doesn’t really know how to code!” If we heard this about a new-hire in a technical position, we would accurately diagnose the problem as a failure of the interview process. Said simply, it was a failed evaluation of correct criteria. But this is not the same thing that is happening in our struggle to find, train, and develop top Enterprise sellers. The difficulty is too widespread-- we don’t have that many bad interviewers. Instead, I believe that as the world of Enterprise Sales has changed, our reliance on trailing indicators of success has left us looking for the wrong things. Said simply, our difficulty arises from a successful evaluation of incorrect criteria.
The impact to recruiting is significant. We spend a premium hiring salespeople who possess trailing indicators with no real certainty that they will be successful. Maybe they will and maybe they won’t. Perhaps worse, we miss potential superstars whose only limitation is lacking the very trailing indicators that we’ve already established do not guarantee future success.
Training Day
And this problem is bigger than just recruiting. If we incorrectly believe that trailing indicators are what’s needed to succeed in the future, our efforts in onboarding, enablement, and evaluation will be ineffective at best and detrimental at worst. This, by the way, is the worst kept secret in sales. It’s the reason why it feels like pulling teeth to get your top performers to join the latest required training session. Top performing Enterprise Sellers are notoriously stingy with their time, only making room for things that will directly impact their ability to close business. If your monthly mandatory training sessions lack attendance and your latest SFDC integration has lagging adoption, let’s consider just for a minute that it may be because those things are distractions from, not enablers for, closing more deals. What we are left with is a part of the team finding reasons to ignore our enablement efforts, the other part being trained toward skills that will not help them be more successful.
Guardrails
This all begs an important question: what then, are the leading indicators of success? I’m so glad you asked. First, some guardrails.
Seller Qualities as Leading Indicators
Differential Selling was founded on the principle that today’s top performing Enterprise Sellers share common Seller Qualities that are essential for consistent and pervasive success when selling sophisticated technical solutions to complex Enterprises. Selling at the Enterprise level is more than just closing high-dollar transactions. A true Enterprise sale is only achieved when a solution is proven transformational to the purchasing company, and its evaluation has endured scrutiny across multiple decision organizations in the customer account. Though successful Enterprise sellers may have diverse personalities, experience, and styles, the demands of today's Enterprise selling motion requires certain common qualities across all Enterprise salespeople. These qualities are leading indicators of success.
I offer the following eight (8) qualities and their definitions that I believe embody the kind of Enterprise Seller that will be overwhelmingly and repeatedly successful in any complex, high-stakes B2B sales situation. You will notice these qualities fall on a spectrum with qualities pertaining to Seller Mindset on one end and Seller Behavior at the other.
These Seller Qualities are the basis of my business. They are the rubric I use for evaluating and coaching individuals. They are the focus areas for my Team Workshops. They are the lens I apply when considering challenges and obstacles that selling organizations share with me, and they inform my recommendations on how to address them.
As I engage with clients, I will continue to refine and iterate upon this list. This is likely the first version of many. You may be reading this and thinking about other qualities that are more fundamental, relevant, or important. I would love your feedback!
But after a number of customer engagements with both large and small companies in a variety of different industries, I’ve found this list of qualities to be extremely effective. Most valuable is the way it elevates the conversation beyond the reactive, tactical orientation we so often take in the high speed world of high-growth tech companies. It allows my clients and me to be more methodical, more thoughtful, and move beyond the what of the situation to the motivations and drivers behind it, impacting real change in the individuals and teams on the front lines.
What’s Next?
Over the next several weeks, I’m going to start a series of posts devoted to each one of these qualities, deep-diving into what it is, how it presents itself, and ways to foster it in yourself and your teams. I’d love for you to read along and share your feedback. Drop me a line on LinkedIn or ping me for a call.
CEO at Gift of the Next Generation
2 年That's a fascinating set of ideas, Rob. I'm going to think about what you've said!