I Shot the Social Selling Charlatans & an MBA Class’ Real-Life Sales Management Disaster
Nov 14, 2023
auto_awesome
In this podcast, Carson Heady and Mike Weinberg discuss the evolution and critique of social selling, highlighting the importance of integrating it with traditional sales techniques. They also discuss the flaws in a sales team composed mainly of project managers instead of salespeople.
Social selling should be seen as a supplement to traditional sales methods, not a replacement.
Sales success requires having a strategic target account list, a clear value proposition, effective prospecting techniques, consultative sales calls, and strong sales management practices.
Deep dives
The Importance of Social Selling as a Supplement, Not a Replacement
The podcast examines the misconception that social selling is a replacement for traditional sales methods, emphasizing that it should be seen as a supplement to existing strategies. The host, Mike Weinberg, acknowledges the benefits of using social tools like LinkedIn and Twitter, but highlights the danger of dismissing traditional sales practices. He shares his frustration with the notion that everything in sales has changed, and that traditional prospecting and phone calls have become obsolete. He encourages sales professionals to embrace social selling as a valuable tool, while still recognizing the importance of proven strategies that have always worked.
Lessons from an MBA Class Project on Sales Dysfunction
Mike Weinberg discusses his recent experience participating in a teams meeting with an MBA class working on a real-life sales consulting project. He highlights the observations and questions raised by the students, who were analyzing a startup division with a struggling sales team. They uncovered issues such as misaligned roles, the lack of clear value proposition, and sales management dysfunction. Weinberg emphasizes the importance of having the right people in sales roles, defining clear job responsibilities, and holding sales leaders accountable for coaching and developing their team. He underscores the significance of a compelling value proposition and the need for strong sales management practices to drive sales success.
Essential Elements for Sales Success
In this episode, Mike Weinberg outlines the five key elements required for sales success. These include having a strategic and workable list of target accounts, crafting a clear and powerful value proposition, implementing effective prospecting techniques, conducting consultative sales calls, and effectively owning and managing the sales pipeline. He emphasizes that salespeople need to focus on actions that produce results, prioritize time and effort, and engage in targeted messaging and effective communication. Additionally, Weinberg highlights the critical role of sales managers in holding salespeople accountable, coaching their team, defining roles that suit individuals' strengths, and implementing proper sales coaching and performance management practices.
Episode 63 was inspired by Mike’s guest appearance on the Social Selling 2.0 Podcast and a 40-minute session he held with executive MBA students just before recoding this podcast.
Carson Heady (featured in Episode 52) requested Mike’s take on the current state of “Social Selling” and how it has evolved since its inception. A fascinating dialogue ensued including Mike’s rant about the “founders” of the movement — none of which are still teaching/promoting social selling — and their absolutely false proclamation that “EVERYTHING in sales has changed!”
In the second half of the episode Mike recaps the sales management horror story faced by a group of executive MBA students who sought out his input on the situation at the real-life client they have been charged with helping. Enjoy hearing this classic case of senior leadership dysfunction and the effect on the sales team and results.