Top 15 Keys to Shortening Sales Cycles

My local Sports Radio station was discussing the age-old issue about the need to shorten baseball games. This time they want to get it done in 2015, so one might ask, "What's different this time?"

When I was a kid growing up in the 60's, a baseball game was expected to last no more than 2 hours. Today, a Red Sox - Yankees game might last 4 hours - or more! I LOVE baseball, but even I can't spend 4 hours watching a baseball game on television. It's way too long. It's boring. And that's why baseball is losing so much of its young audience to American football and basketball.

Not a day goes by when we aren't talking with someone about their sales cycle and how long it has become. The quest to shorten the sales cycle is similar to the desire to shorten baseball games. The conversation is never-ending and the solutions are so very simple.

In baseball, they could insist that the batter not step out of the batter's box. They could insist that pitchers not take more than 12 seconds between pitches. They could limit the number of pitching changes in an inning and, for that matter, the game. They could reduce the number of warm-up pitches between innings, but then the sponsors would complain and they can't upset the sponsors! The time between innings is currently dictated by TV and Radio, so they aren't about to change that... They could limit the number of throws a pitcher can make to 1st base in an inning. They could eliminate throwing the ball around the infield after a strikeout. There are so many things they could do to shorten the game, but they never change anything.

In selling, there are even more options for shortening the sales cycle:

1. Customizing and optimizing the sales process

   Most companies believe they have already done this well, but if the hundreds of processes shown to me are representative of what most companies think are completed processes, they have been severely misguided!

2. Elimination of unqualified demos, presentations, proposals or quotes

   Most salespeople can't wait to demo and send proposals, but they are usually unqualified and that begins chase mode.

3. Spending MORE time listening and asking questions early in the first meeting or call

   Most salespeople speed up and try to move through this stage as quickly as possible, but that only extends the sales process. Slowing down accelerates it.

4. Uncovering their compelling reason to buy and/or move their business to you

   Most salespeople are fortunate to uncover issues and needs, but rarely, if ever, uncover compelling reasons to buy.
5. Most salespeople can't wait to demo and send proposals, but they are usually unqualified and that begins chase mode.

   Dave Kurlan

   Creating urgency

   Urgency comes from compelling reasons and most salespeople don't know how to uncover them.

6. Being the value

   Most salespeople are only able to talk about their value proposition, but they don't know how to be the value.

7. Nailing down the money they will spend

   Most proposals and quotes are for amounts that prospects have no intention of spending.

8. Getting them to agree to spend a little more to do business with you

   Most salespeople end up attempting to compete on price.

9. Getting to and staying with the decision maker

   Most salespeople get no further than those tasked with doing research or buyers.

10. Being more memorable

    Most salespeople blend in and don't stand out.

11. Differentiating more effectively

    Most salespeople compare features/benefits, but not much more.

12. Building a case

    The sales cycle must build on itself, but most salespeople don't know how.

13. Relationships

    People still buy from people they like and most salespeople could do a much better job leveraging their relationships.

14. Positioning

    Most salespeople don't effectively uncover who their viable competitors are and properly position themselves with and against those competitors.

15. Change the timeline

    Most salespeople extend the timeline when they ask when a decision might be made. They need to shorten the timeline by asking when the prospect would like their problem solved.

Can you shorten your sales cycle?

How would you do it? Start by using this free tool to see how effective your existing process is!