How to Deal With a Sales Slump

January 28, 2016 Yoav Farbey

Every buinsess will experience a sales slump, even Apple has experienced this recently. Apple claims it sold 74.8m iPhones, that’s 34,000 every hour for 13 weeks straight, but investors on Wall Street had expected the company to sell even more. In business it’s common for customers cancel orders, opportunities get delayed, prospects turn out to be dead-ends. Worst case, you can have a “perfect storm” where nothing seems to go right.

What to do? Here’s an easy five step process to kick yourself back in gear.

1. Don’t panic.

The worst thing to do at this point is freak out, which might turn a sales slump into a self-fulfilling prophesy. Statistically even the best firms and the most talented people have weak or bad quarters. Take a deep breath and don’t let it get to you.

2. Give yourself some credit.

Some people crumple under pressure. If you’ve gotten this far with this post, you’re not one of them. You’ve decided to do what it takes to improve the situation, which takes real courage. That alone separates you from the crowd.

3. Reframe the current situation.

Rather than thinking of this slump as a disaster, think of it as a way to hone your emotional resilience. If you continue working and selling and doing the best with what you’ve got, you’re training your brain to be successful even when thing get rough.

4. Evaluate your sales tactics.

Take an objective look at the way you’re selling. Have you changed your behavior from when you were more successful? Or has the market changed? If neither is true, you’re all set. But if either is true, decide what you’ll need to change in order to adapt.

5. Work your sales process.

Regardless of whether you’ve made changes to your sales process, it’s time to forget about the slump and focus on the mechanics of selling. Make the calls. Do the follow-ups. Have some faith. Soon the slump will only be a bad memory.

There are organisations who can help! Leadership Development Ltd has been at the forefront of sales and leadership training for three decades, developing a reputation for running focused, inspirational programmes that stretch delegates and achieve results. Sales training courses can provide a sales team with the skills, motivation and inspiration the need for modern selling.