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5 ways to identify top salespeople

By March 19, 2015June 11th, 2024No Comments

As employers look to advance great salespeople through the company chain, they should not rely on promoting workers based on observation alone. While employees may have perfect attendance records or have great quarters, it’s important to look at objective sales data to ensure workers are consistent in their work and will be successful in their new position.

Here are five ways to identify top salespeople:

1. They actively seek out deals
Star workers in the sales department do more than just close a deal and move on to the next lead. They also look for their next opportunity to land new customers as well as develop business relationships that could lead to high-value sales in the future, according to Business 2 Community. Before the dive into a deal, they think about their plan to close the deal and the sales targets they need to achieve.

2. Their average sales deals numbers are huge
As top salespeople strive to raise the bar even higher in terms of their deal values, they will likely have some of the best numbers for average sales deals, according to Harvard Business Review. Since the average value of deals is crucial as a key performance indicator, employers should look at this sales effectiveness metric and see which workers have higher numbers than the rest.

3. They contact leads fast
While salespeople often juggle multiple tasks at the same time throughout the day, how they maintain contact with leads could make a difference in their sales numbers. To make sure sales representatives are making sufficient contact with leads, employers could evaluate their speed-to-contact indicators, Inc. magazine recommended. This will show companies how fast salespeople have that first conversation with leads.

4. There is a plan B
During the work day, there are some things that could go wrong: deals fall through, leads aren’t interested in sales pitches or salespeople are not getting any closer to meeting the company’s objectives. Good salespeople have a plan B in case things go wrong, showing they have excellent problem-solving skills, which are necessary for any advanced position in companies.

5. They are engaged with their jobs
In a highly competitive field like sales, the most successful workers are often the most engaged. They enjoy the work they do, which is a critical element to having a high level of output and meeting their sales targets.

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Ballast Point Ventures

Ballast Point Ventures is a later-stage venture capital fund established to provide expansion capital for rapidly growing, privately owned companies in diverse industries, with a particular emphasis on companies located in Florida, the Southeast, and Texas. The BPV partners have more than 70 years of combined experience investing in and building high-growth companies in a number of industries, including healthcare, business services, communications, technology, financial services, and consumer goods. BPV has $200 million under management and seeks to make equity investments ranging from $3 million to $10 million.

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Harbert Management Corporation

Harbert Management Corporation seeks to generate superior returns for their investors by identifying and investing in the most promising early growth stage companies in the Southeastern U.S. HMC seeks to capitalize on what it believes are compelling regional dynamics, such as a strong and fast-growing economy, significant research and development activities, and an established entrepreneurial community. The HMC team combines substantial investment, advisory, and operating experience with capital and networking contacts to support great entrepreneurial teams in successfully executing their growth plans. With offices in Birmingham, Alabama; Richmond, Virginia; and Gainesville, Florida, it’s well positioned to partner with entrepreneurs throughout the Southeast.

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KBH Ventures

KBH Ventures was an early investor in Iconixx Software. KBH's investment philosophy plays a significant role in the firm's successful track record. KBH believes in running businesses to be cashflow positive and profitable every month. Startups and companies in a startup mode, such as one that has been purchased in distress, are expected to generate revenue within the first six months and reach profitability within the first 12 to 18 months. KBH also only invests in or acquires companies that are in the startup phase or have less than $20 million in revenues. KBH targets technology companies that offer business-to-business services.

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S3 Ventures

S3 Ventures is an early expansion and growth stage venture firm with $200 million under management. It’s focused on information technology solutions that solve large business problems. S3 also invests in medical devices that improve the human condition. S3 invests in category-defining opportunities. It partners with the team and help focus methodically on what it takes to build a successful company. S3 today helps talented entrepreneurs take their technology and market knowledge and form valuable businesses in a repeatable fashion. Investment sizes start at several million or more for Series A, B, and C financing.