High Performance Sales Strategies

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Questions and Answers

What are projections defined as in the training?

  • Averages of past performance used to predict future outcomes.
  • Your bare minimum standards; what you can achieve in your worst-case scenario. (correct)
  • Targets that you aim to reach under ideal conditions.
  • Numbers that excite and motivate you to achieve more.

According to the training, what is the primary benefit of setting projections in addition to goals?

  • Projections ensure that you always achieve the highest possible outcome.
  • Projections push you to exceed your perceived limits.
  • Projections guarantee success by setting lower expectations.
  • Projections allow you to reverse engineer the path to your targets and hedge against potential shortfalls. (correct)

What does 'hedging' refer to in the context of setting projections?

  • Diversifying your efforts across multiple targets to avoid focusing on one specific goal.
  • Increasing your activity to ensure your projection is like your worst-case scenario. (correct)
  • Balancing goals with realistic expectations.
  • Minimizing risk by setting overly conservative targets.

According to the training, what is the primary benefit of accurately tracking inputs and outputs?

<p>It allows you to easily diagnose what's not working and adjust your behavior accordingly. (C)</p> Signup and view all the answers

What does the training suggest is the result of gaining accuracy in sales projections?

<p>A feeling of control, increased conviction, and the ability to give prospects certainty. (A)</p> Signup and view all the answers

What are the two main reasons for missing projections outlined in the training?

<p>Lack of hedging and being in a rut. (C)</p> Signup and view all the answers

What is the definition of a 'rut' according to the training?

<p>Anything less than performing at about 80 to 90% of your capacity. (C)</p> Signup and view all the answers

What are the four areas the training mentions can be measured to identify a 'rut'?

<p>Physiology, clarity, necessity, and inspiration. (C)</p> Signup and view all the answers

According to the training, what is the significance of 'inspiration' in sustaining high performance?

<p>Inspiration, derived from the information you take in, equates to energy and dictates your output and influence. (B)</p> Signup and view all the answers

What does the training recommend as a method for regulating the four key areas (physiology, clarity, necessity, and inspiration)?

<p>Rating yourself on a scale of one to 10 each night based on your energy in those four areas. (D)</p> Signup and view all the answers

Why is sleep so important, according to the training?

<p>Regulating sleep can significantly affect closing ratios. (D)</p> Signup and view all the answers

According to the training, what is the first step in breaking out of a rut?

<p>Identifying the source of the rut. (B)</p> Signup and view all the answers

In the context of breaking a rut, what does 'resetting the baseline' refer to?

<p>Finding out what was different when you were in pocket, and changing to get back to that. (A)</p> Signup and view all the answers

What is the main point of having high performance rituals?

<p>They keep you from falling into ruts, and assures you're always performing at a high level. (D)</p> Signup and view all the answers

What is 'planning tomorrow today'?

<p>Planning the next day the night before. (D)</p> Signup and view all the answers

Flashcards

Goals

Targets or aspirations; what we want to achieve.

Projections

Bare minimum standards; numbers you can hit even in worst-case scenarios.

Hedging

Increasing activity to ensure projections are met, even under adverse conditions.

Inputs vs. Outputs

Inputs are lead generation activities. Outputs are closures, revenue.

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Leading vs. Lagging Indicators

Leading indicators are inputs you can control. Lagging indicators are outputs, which are harder to control.

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Reasons for Missing Projections

Not hitting projections is due to lack of hedging or being in a rut.

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What is a Rut?

Performing at less than 80-90% of your capacity.

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Qualitative Rut Measurement

Energy across: Physiology, Clarity, Necessity, and Inspiration

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Physiology

Exercise, diet, sleep, water, and meditation.

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Clarity

Alignment with your vision and the energy derived from it.

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Necessity

Reasons why your actions are important, both selfishly and unselfishly.

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Inspiration

Energy derived from information intake. It's about inputs.

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Information Input Timing

Morning inputs should be sales and personal development. Evenings on wealth building.

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High Performance Rituals

Morning: reading, identity doc, exercise, breath work, goals/gratitude, intentions. Night: plan next day, update projections, end-of-day journal.

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Breaking Ruts

Diagnose the source of the rut and reset to baseline.

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Study Notes

Keys to High Performance in Sales

  • The training aims to provide actionable strategies for consistent high performance in sales, business, and life.
  • Focuses on the 20% of actions that drive 80% of results.
  • Implementation is crucial for significant improvement.

Training Overview

  • Putting yourself in a position to win by setting projections and goals.
  • Identifying and addressing the two primary reasons for missing targets.
  • Avoiding ruts.
  • Sustaining high performance.
  • Maximizing upside and minimizing downside in sales.
  • Energy management and regulation for consistent performance.
  • Daily rituals for maintaining peak performance and avoiding slumps.
  • Strategies for identifying and breaking out of ruts, returning to the baseline.

Projections vs. Goals

  • Goals are desired targets, while projections are bare minimum standards.
  • Projections normalize new levels of performance by minimizing downside.
  • Projections should be achievable in worst-case scenarios.
  • Goals inspire, but projections provide a baseline for diagnosis and improvement.
  • Missing projections is acceptable if the reasons are understood and addressed.
  • Projections facilitate reverse engineering the path to goals and hedging activities.

Hedging

  • It involves increasing activity to ensure projections are met even in adverse conditions.
  • Generating more calls than needed to fill program spots guarantees target achievement.
  • A sense of confidence is gained, detaching from outcomes and focusing on the client's best interest.

Accuracy Through Projections

  • Understanding the correlation between inputs and outputs.
  • Sending X amount of messages = Y amount of closes
  • Tracking metrics enables easy diagnosis of inefficiencies.
  • Accurate projections provide a sense of control, leading to conviction and the ability to instill certainty in prospects.

Setting Projections

  • Multiply the projection by 30-50% to determine the goal.
  • Hedge behavior to achieve the goal while maintaining the projection as the minimum target.
  • Reverse engineer the necessary actions to reach the goal.
  • If the goal is 13 then hedge for 13 while keeping the projection at 10
  • Factor in offer-to-close percentages, live consult rates, and call booking rates.
  • Hedge leading indicators to influence lagging indicators.
  • Review and adjust projections weekly, monthly, quarterly, and yearly.
  • Include lead generation activities, set attempts, follow-ups, calls booked, and offers made.
  • Focus on controlling leading indicators (inputs) to achieve desired lagging indicators (outputs).
  • Leading indicators are controllable inputs, lagging indicators are outputs.

Reasons for Missing Projections

  • Lack of hedging, not increasing volume.
  • Being in a rut, which indicates underperformance.
  • Adjust behavior to align with targets.

Identifying and Addressing Ruts

  • A rut is defined as performing below 80-90% of capacity.
  • Short-term dips are natural, but macro performance (bi-weekly/monthly) reflects true performance.
  • A quantitative drop of 10% in closing percentage over 30 calls indicates a rut.
  • Qualitative measurement involves assessing energy across physiology, clarity, necessity, and inspiration.

Four Areas to Measure Energy

  • Physiology: Exercise, diet, sleep, water, and meditation
  • Clarity: Alignment with vision
  • Necessity: Importance of goals
  • Inspiration: Information intake

Physiology

  • Focus on exercise, diet, sleep, water, and meditation.
  • Prioritize these for optimal energy levels and performance.
  • Meditation enhances focus and presence during calls.

Clarity

  • It involves alignment with a vision that provides energy.
  • Tony Robbins states life supports that which support life
  • Risks include having an unrealistic/unattainable vision.

Necessity

  • Reasons for pursuing goals provide energy.
  • Cultivate both selfish and unselfish reasons.
  • Reasons should give you energy when you think about them.

Inspiration

  • Inspiration comes from the information taken in.
  • Inputs influence outputs and the ability to influence others.
  • Bad inputs include negative news, upsetting environments, or conflicting visions.
  • Good inputs include listening to past wins (recordings, testimonials) and motivational content.
  • Structure inputs to align with daily activities.

Regulating Energy

  • Rate energy levels on a scale of 1-10 in the four areas each night.
  • A score of 8 or above indicates being in pocket, while 7 or below indicates risk or being out of pocket.
  • Be honest.

Determining Energy Levels

  • Assess sleep quality, diet, water intake, and exercise habits.
  • Review vision, goals, and inspiration alignment.
  • Reflect on reasons for pursuing goals and the energy they provide.
  • Evaluate daily gratitude, client testimonials, and morning routines.
  • Identify negative influences in the environment.

Additional Rut Indicators

  • Ask close contacts for feedback on their experience.
  • Monitor weekly projection achievement.
  • Assess aggression levels.
  • Evaluate promises to yourself.

High-Performance Rituals for Sustained Success

  • Establish morning and night routines to maintain peak performance.

Morning Rituals

  • Reading: Inspiration
  • Identity Document (Audio): Inspiration, clarity, necessity
  • Exercise: Physiology
  • Calls to Wins, sales training: Inspiration
  • Breathwork & Meditation: Physiology
  • Identity Document (written): inspiration, clarity, necessity

Night Rituals

  • Plan tomorrow today
  • Update projections
  • End-of-day journaling

End-of-Day Journaling

  • List consults, leading indicator activities, and free journal on feelings.
  • Reflect on what was great, what could be improved, lessons learned, and triggers.
  • Assess responsibility, seek advice, and reaffirm reasons for pursuing goals.
  • Rate physiology, clarity, necessity, and inspiration levels.
  • Evaluate service to others, honoring promises, and operating at potential.
  • Express gratitude and set intentions for tomorrow.

Breaking Ruts

  • Diagnose the source of the rut and reset the baseline.
  • Overcoming ego to acknowledge being in a rut is crucial.

Steps to Break a Rut

  • Step 1: Identify the Source of the Rut
    • Run diagnostics across physiology, clarity, necessity, and inspiration.
  • Step 2: Find the Baseline
    • Review past end-of-day and end-of-week reviews.
    • Identify discrepancies and changes needed to return to peak performance.
  • Step 3: Regain Your Standard
    • Forgive yourself, revert to your standard.
    • Journal about the lessons learned to prevent future ruts.

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