Facebook Pixel
Searching...
English
EnglishEnglish
EspañolSpanish
简体中文Chinese
FrançaisFrench
DeutschGerman
日本語Japanese
PortuguêsPortuguese
ItalianoItalian
한국어Korean
РусскийRussian
NederlandsDutch
العربيةArabic
PolskiPolish
हिन्दीHindi
Tiếng ViệtVietnamese
SvenskaSwedish
ΕλληνικάGreek
TürkçeTurkish
ไทยThai
ČeštinaCzech
RomânăRomanian
MagyarHungarian
УкраїнськаUkrainian
Bahasa IndonesiaIndonesian
DanskDanish
SuomiFinnish
БългарскиBulgarian
עבריתHebrew
NorskNorwegian
HrvatskiCroatian
CatalàCatalan
SlovenčinaSlovak
LietuviųLithuanian
SlovenščinaSlovenian
СрпскиSerbian
EestiEstonian
LatviešuLatvian
فارسیPersian
മലയാളംMalayalam
தமிழ்Tamil
اردوUrdu
Sales Management

Sales Management

by Brian Tracy 2015 123 pages
4.13
100+ ratings
Listen
Listen to Summary

Key Takeaways

1. The Sales Manager: The Pivotal Skill in Sales-Driven Organizations

Nothing will bring about faster and more predictable increases in sales performance and sales results than training sales managers to do their job more effectively.

The cornerstone of success. In sales-driven organizations, the sales manager plays a crucial role in determining the company's overall performance and profitability. Their influence extends far beyond mere supervision, encompassing team building, motivation, and strategic planning.

Key responsibilities:

  • Generating sales essential to company survival
  • Determining sales targets and quotas
  • Planning and organizing resources
  • Communicating and motivating team members
  • Measuring results and adjusting strategies

Impact on company culture. A skilled sales manager creates an environment that fosters high performance, innovation, and continuous improvement. By setting the tone for the entire sales department, they directly influence the company's ability to adapt to market changes and outperform competitors.

2. Building a High-Performance Sales Team Through Careful Selection

Fast people decisions are almost invariably wrong people decisions.

Meticulous recruitment process. The foundation of a successful sales team lies in carefully selecting the right individuals. This process requires time, patience, and a systematic approach to ensure that new hires align with the company's culture and performance expectations.

Key selection strategies:

  • Define exact results expected from the role
  • Look for previous achievements as predictors of future performance
  • Hire for personality and attitude, not just skills
  • Utilize the Law of Three: interview at least 3 candidates, 3 times each, in 3 different places
  • Conduct thorough reference checks

Long-term impact. Investing time and resources in the selection process pays dividends in the long run. It reduces turnover, improves team morale, and ultimately leads to higher sales performance and customer satisfaction.

3. Effective Onboarding and Training: The Foundation of Sales Success

Well begun is half done.

Crucial first impressions. The way a new salesperson starts their job often determines their long-term performance. A structured onboarding process sets the stage for success by providing clear expectations, thorough product knowledge, and essential sales skills.

Key elements of effective onboarding:

  • Comprehensive product training
  • Sales skills development
  • Clear performance expectations
  • Regular supervision and feedback
  • Immediate commission payments to boost motivation

Continuous learning culture. Beyond initial training, successful sales organizations invest in ongoing education and development. This commitment to growth not only improves individual performance but also attracts top talent to the company.

4. Managing by Sales Objectives: Setting Clear Goals and Measuring Results

What gets measured gets done.

Goal-oriented approach. Managing by sales objectives provides a clear framework for success. By setting specific, measurable targets and regularly reviewing progress, sales managers can drive performance and identify areas for improvement.

Key components:

  • Clear sales targets and quotas for each salesperson
  • Specific action targets for daily activities
  • Regular performance reviews and feedback sessions
  • Rewards and recognition for achieving objectives

Focus on controllable activities. While ultimate sales results may be unpredictable, managers can control and measure daily sales activities. By emphasizing these actions, such as number of calls made or proposals submitted, managers can indirectly influence sales outcomes.

5. The Psychology of Sales Success: Nurturing Self-Concept and Motivation

People sell effectively to the exact degree to which they consider themselves to be good at selling.

Self-concept as a performance driver. A salesperson's self-image directly impacts their sales performance. Managers play a crucial role in shaping and reinforcing positive self-concepts among their team members.

Key psychological factors:

  • Self-ideal: The salesperson's vision of their best possible self
  • Self-image: How they see themselves in comparison to their ideal
  • Self-esteem: Their overall sense of self-worth and confidence

Motivation techniques:

  • Unconditional positive regard
  • Regular praise and recognition
  • Setting challenging but achievable goals
  • Providing opportunities for growth and advancement

6. Creating a Positive Work Environment: The Key to Retention and Performance

Top people go where the standards are the highest.

Culture of excellence. A positive work environment is essential for attracting and retaining top sales talent. This environment is characterized by high trust, open communication, and a commitment to continuous improvement.

Key elements of a great sales workplace:

  • Clear expectations and high standards
  • Regular training and development opportunities
  • Recognition and rewards for top performers
  • Open and honest communication
  • Supportive leadership

Impact on performance. When salespeople feel valued, supported, and challenged, they are more likely to perform at their best. This positive atmosphere also fosters creativity, collaboration, and a sense of loyalty to the company.

7. Continuous Improvement: The CANEI Method for Sales Excellence

Quality circles are a popular use of the CANEI method.

Never-ending quest for improvement. The CANEI (Continuous And Never-Ending Improvement) method is a powerful tool for driving sales excellence. By consistently seeking ways to enhance every aspect of the sales process, organizations can stay ahead of the competition and adapt to changing market conditions.

Key areas for continuous improvement:

  • Prospecting techniques
  • Building rapport and trust
  • Needs identification
  • Presentation skills
  • Objection handling
  • Closing techniques
  • Customer retention and referrals

Implementation strategies:

  • Regular quality circle meetings
  • Brainstorming sessions for problem-solving
  • Sharing of best practices among team members
  • Encouraging experimentation with new approaches

8. Leadership by Example: The Sales Manager as a Role Model

Your salespeople only become better when you become better.

The power of example. Sales managers must embody the qualities and behaviors they wish to see in their team. By consistently demonstrating high standards of professionalism, work ethic, and commitment to excellence, managers inspire their salespeople to elevate their own performance.

Key areas for exemplary leadership:

  • Time management and organization
  • Continuous learning and self-improvement
  • Positive attitude and resilience
  • Ethical behavior and integrity
  • Customer-focused approach

Impact on team culture. When managers lead by example, they create a culture of excellence that permeates the entire sales organization. This not only improves individual performance but also enhances team cohesion and overall company success.

9. Disciplining and Letting Go: Maintaining Team Performance Standards

If you don't get some experience with the first, you are going to get some experience with the second.

Necessary, though challenging. Maintaining high performance standards sometimes requires difficult decisions, including disciplining underperforming salespeople or letting them go. While challenging, these actions are essential for preserving team morale and overall sales effectiveness.

Effective disciplinary process:

  • Set clear performance standards from the outset
  • Provide regular feedback and performance reviews
  • Use a progressive disciplinary approach
  • Document all performance issues and discussions
  • Offer support and resources for improvement

When to let go:

  • Consistent failure to meet performance standards
  • Negative impact on team morale or company culture
  • Lack of improvement despite support and guidance
  • Ethical violations or breach of company policies

10. The Four Keys to Building Successful Salespeople

Everything that you do or say raises or lowers their self-esteem and, ultimately, their sales performance.

Holistic approach to development. Building successful salespeople requires a comprehensive strategy that addresses both their professional skills and personal growth. By focusing on these four key areas, managers can nurture high-performing individuals and teams.

The four keys:

  1. Unconditional positive regard: Accepting and valuing team members without judgment
  2. Physical contact: Appropriate, professional gestures to convey warmth and support
  3. Eye contact: Demonstrating attentiveness and respect through focused interaction
  4. Focused attention: Actively listening and engaging with team members' ideas and concerns

Implementation strategies:

  • Regular one-on-one meetings with team members
  • Recognition programs that highlight individual strengths
  • Training sessions on effective communication and interpersonal skills
  • Creating opportunities for team bonding and collaboration

11. Courage: The Vital Quality for Sales Management Success

Courage is the single most important quality of leadership.

Facing challenges head-on. Sales management often requires making difficult decisions, taking calculated risks, and persevering through tough times. Courage is the foundation that enables managers to lead effectively in the face of adversity.

Key aspects of courageous leadership:

  • Making tough decisions promptly
  • Addressing performance issues directly
  • Taking calculated risks to drive innovation
  • Maintaining a positive outlook during challenging times
  • Standing up for team members and company values

Developing courage:

  • Embrace challenges as opportunities for growth
  • Seek mentorship from experienced leaders
  • Practice self-reflection and continuous learning
  • Cultivate a support network of peers and mentors
  • Celebrate small victories and learn from setbacks

Last updated:

FAQ

What's "Sales Management" by Brian Tracy about?

  • Comprehensive Guide: "Sales Management" by Brian Tracy is a comprehensive guide that delves into the roles and responsibilities of a sales manager. It provides insights into building and leading a successful sales team.
  • Focus on Leadership: The book emphasizes the importance of leadership in sales management, highlighting how a sales manager can influence the performance and profitability of a company.
  • Practical Techniques: It offers practical techniques and strategies for improving sales performance, including recruitment, training, motivation, and performance evaluation.
  • Real-World Examples: The book includes real-world examples and case studies, such as the turnaround of IBM's sales, to illustrate the application of its principles.

Why should I read "Sales Management" by Brian Tracy?

  • Expert Insights: Brian Tracy is a renowned expert in sales and management, and his book provides valuable insights drawn from years of experience.
  • Actionable Strategies: The book offers actionable strategies that can be implemented immediately to improve sales team performance and achieve better results.
  • Comprehensive Coverage: It covers a wide range of topics essential for sales managers, from building a sales team to managing by objectives and rewarding performance.
  • Career Advancement: Reading this book can help sales managers enhance their leadership skills, leading to personal career growth and increased prestige.

What are the key takeaways of "Sales Management" by Brian Tracy?

  • Role of Sales Manager: The sales manager is pivotal in driving sales and profitability, and their effectiveness can significantly impact the company's success.
  • 75 Percent Rule: Salespeople and managers should spend 75% of their time in the field with customers to boost sales.
  • Performance Formula: Ability times motivation equals performance; sales managers should focus on enhancing both to improve results.
  • Continuous Improvement: The CANEI (Continuous and Never-Ending Improvement) method is crucial for ongoing success in sales management.

What is the "75 Percent Rule" in "Sales Management" by Brian Tracy?

  • Field Time Focus: The 75 Percent Rule suggests that salespeople should spend 75% of their time in the field with customers rather than in the office.
  • Manager Involvement: Sales managers should also spend 75% of their time in the field, supporting their salespeople and engaging with key customers.
  • Impact on Sales: Implementing this rule can lead to a significant increase in sales, as demonstrated by IBM's turnaround.
  • Efficiency and Effectiveness: The rule emphasizes the importance of direct customer interaction for achieving sales objectives.

How does Brian Tracy define the role of a sales manager in "Sales Management"?

  • Sales Generation: The primary role of a sales manager is to generate sales essential for the company's survival by working through their sales team.
  • Goal Setting: Sales managers must set clear sales goals and work backward to determine the necessary actions to achieve them.
  • Communication and Motivation: They need to effectively communicate with and motivate their team, providing the resources and incentives needed for success.
  • Performance Measurement: Sales managers should measure results, set standards, and ensure accountability to drive performance.

What is the "Performance Formula" in "Sales Management" by Brian Tracy?

  • Formula Explanation: The performance formula is A × M = P, where Ability times Motivation equals Performance.
  • Ability Components: Ability includes natural aptitude, experience, training, and education, which can be enhanced through continuous learning.
  • Motivation Factors: Motivation is influenced by leadership, organizational climate, rewards, and individual needs.
  • Improving Performance: Sales managers can improve performance by focusing on enhancing both ability and motivation among their team.

What is the CANEI Method in "Sales Management" by Brian Tracy?

  • Continuous Improvement: CANEI stands for Continuous and Never-Ending Improvement, a philosophy for ongoing enhancement in sales management.
  • Quality Circles: The method involves using quality circles to regularly discuss and implement improvements in sales processes.
  • Key Result Areas: Focus on improving seven key result areas in selling, such as prospecting, presenting, and closing.
  • Team Involvement: Involve the entire sales team in the process to foster commitment and drive better results.

How does "Sales Management" by Brian Tracy suggest building a great sales team?

  • Team Building: The book emphasizes the importance of building a cohesive and high-performing sales team.
  • Sports Team Analogy: It compares a sales team to a sports team, highlighting the need for clear leadership, commitment to excellence, and open communication.
  • People Development: Focus on continuous training and development to enhance the skills and capabilities of team members.
  • Strategic Assignments: Assign salespeople to roles where they can make the greatest contribution based on their strengths.

What are the best quotes from "Sales Management" by Brian Tracy and what do they mean?

  • "What gets measured gets done." This quote emphasizes the importance of setting clear objectives and measuring performance to ensure accountability and results.
  • "Success is tons of discipline." It highlights the role of discipline in achieving success, particularly in maintaining high standards and consistent performance.
  • "The sales manager is the pivotal skill." This underscores the critical influence of the sales manager on the overall success of the sales team and the company.
  • "If you will be hard on yourself, life will be easy on you." This quote by Zig Ziglar, included in the book, stresses the value of self-discipline in achieving long-term success.

How does "Sales Management" by Brian Tracy address the psychology of sales success?

  • Self-Concept: The book explains the direct relationship between a salesperson's self-concept and their sales performance.
  • Self-Ideal: Encourages salespeople to model themselves after top performers to enhance their self-ideal and drive success.
  • Self-Image: Highlights the importance of a positive self-image, influenced by how salespeople perceive themselves and how they think others perceive them.
  • Self-Esteem: Emphasizes boosting self-esteem through success experiences and positive reinforcement to improve sales performance.

What strategies does "Sales Management" by Brian Tracy offer for rewarding sales performance?

  • Monetary Rewards: Money is a primary motivator, and linking it to achievement can drive salespeople to perform better.
  • Status and Recognition: Providing status through awards, titles, and public recognition can enhance motivation and performance.
  • Immediate Acknowledgment: Quickly acknowledging accomplishments boosts self-esteem and encourages repeat performance.
  • Promotion Opportunities: Offering advancement or new titles can motivate salespeople to strive for higher performance levels.

How does "Sales Management" by Brian Tracy suggest handling poor performers?

  • Letting Go: The book advises letting go of poor performers to maintain a high-performing sales team.
  • Dehiring Process: Use a calm and professional approach, focusing on the job mismatch rather than personal failure.
  • Timing and Method: Fire early in the week and use the "broken record" method to communicate the decision clearly.
  • Protect Self-Esteem: Ensure the process is respectful and allows the individual to leave with dignity.

Review Summary

4.13 out of 5
Average of 100+ ratings from Goodreads and Amazon.

Sales Management The Brian Tracy Success Library receives positive reviews for its concise and practical advice on sales management. Readers appreciate Tracy's insights into recruiting, managing, and motivating salespeople. Many find the book relevant for managers in various fields, not just sales. Some reviewers note the book's focus on psychological aspects and self-help elements. While most reviews are positive, a few readers found limited applicability to their non-sales roles. Overall, the book is praised for its clear, straightforward approach to improving sales management skills.

Your rating:

About the Author

Brian Tracy is a renowned business consultant, speaker, and author specializing in personal and professional development. As CEO of Brian Tracy International, he has consulted for over 1,000 companies and addressed millions worldwide. Tracy has authored more than 45 books and produced numerous audio and video learning programs. His expertise spans economics, history, business, philosophy, and psychology. Tracy's career includes successful roles in sales, marketing, investments, and real estate. He is multilingual and has worked in over 80 countries. Tracy's popular training programs focus on teaching authors book writing skills and helping public speakers build successful careers.

Download PDF

To save this Sales Management summary for later, download the free PDF. You can print it out, or read offline at your convenience.
Download PDF
File size: 0.23 MB     Pages: 15

Download EPUB

To read this Sales Management summary on your e-reader device or app, download the free EPUB. The .epub digital book format is ideal for reading ebooks on phones, tablets, and e-readers.
Download EPUB
File size: 3.10 MB     Pages: 10
0:00
-0:00
1x
Dan
Andrew
Michelle
Lauren
Select Speed
1.0×
+
200 words per minute
Home
Library
Get App
Create a free account to unlock:
Requests: Request new book summaries
Bookmarks: Save your favorite books
History: Revisit books later
Recommendations: Get personalized suggestions
Ratings: Rate books & see your ratings
Try Full Access for 7 Days
Listen, bookmark, and more
Compare Features Free Pro
📖 Read Summaries
All summaries are free to read in 40 languages
🎧 Listen to Summaries
Listen to unlimited summaries in 40 languages
❤️ Unlimited Bookmarks
Free users are limited to 10
📜 Unlimited History
Free users are limited to 10
Risk-Free Timeline
Today: Get Instant Access
Listen to full summaries of 73,530 books. That's 12,000+ hours of audio!
Day 4: Trial Reminder
We'll send you a notification that your trial is ending soon.
Day 7: Your subscription begins
You'll be charged on Apr 10,
cancel anytime before.
Consume 2.8x More Books
2.8x more books Listening Reading
Our users love us
100,000+ readers
"...I can 10x the number of books I can read..."
"...exceptionally accurate, engaging, and beautifully presented..."
"...better than any amazon review when I'm making a book-buying decision..."
Save 62%
Yearly
$119.88 $44.99/year
$3.75/mo
Monthly
$9.99/mo
Try Free & Unlock
7 days free, then $44.99/year. Cancel anytime.
Scanner
Find a barcode to scan

Settings
General
Widget
Appearance
Loading...
Black Friday Sale 🎉
$20 off Lifetime Access
$79.99 $59.99
Upgrade Now →