Connect with us

Entrepreneurs

5 Basketball Lessons That Taught Me How To Close Consistent Sales

Published

on

Image Credit: Unsplash

If you’d like to learn how to close consistent sales in your business so you can make money and be successful, sign up for the free 90-Day Master Class hosted by the founder of Addicted2Success.com, Joel Brown.


Heart pounding. Skin prickling. Unsure of what the outcome will be. Reminding myself to focus and breathe. Sales and competitive basketball have more in common than you’d think. The same tenacity, drive, and commitment that were required for success in my athletic career were the same things I needed to become successful in sales. 

When I became a mortgage loan officer, I was surprised to find that my adrenaline and nerves would spike as I picked up the phone to talk to a prospect, similar to when I was waiting for the ref’s whistle to blow to start a make or break play. 

If you’re new to making sales or haven’t quite found your footing yet, these transferable lessons can help you strengthen your skills:

1. Intentional Reps Equal Success

Intention plus action creates momentum. You can be good at anything if you get the reps in and focus on getting better with every set. Taking action for the sake of taking action can exacerbate poor habits, and make you feel like selling just isn’t your thing. The truth is that you need intentional practice so you consistently get better. 

Athletes are taught to focus on their form while executing different drills and exercises so that they can get the results they want. For example, in basketball, if you wanted to dribble better with your left hand, you would do everything with your left hand for 30 days to increase your coordination and familiarity with your non-dominant side. In sales, if you’re nervous about talking to people on the phone, you want to talk to five people minimum on the phone every day for 30 days. 

By pushing yourself outside of your comfort zone, you’re able to grow. This is what differentiates the people who just get by and the people who consistently close.

“There are no shortcuts—everything is reps, reps, reps.” – Arnold Schwarzenegger

2. Little Actions Yield Big Results

Small things can make a big difference, especially over time. If you can commit to doing the little things that make you better, you’ll see bigger results. For example, by putting yourself in more sales situations, you have increased your number of leads and chances for closing a sale. 

Likewise, if you increase your successful lead generating activities (the ones that you know work) by 20%, you now have more opportunities to sell to the right prospects. The same goes for implementing a 30-minute reach out session each week to existing and potential referral partners. When you put effort into small, important actions, you can actually yield big results in your closing numbers.

3. Learn How To Prioritize

You constantly hear about time management, but how often do you receive help understanding how to manage your time? Time management, in a nutshell, is valuing your time to make sure that you’re taking action in a way that actually moves you forward instead of digging you deeper. 

For example, doing paperwork and administrative tasks may be an important part of your duties, but if you get lost in those activities, you’ll miss out on the opportunity to make more sales. 

The truth is that time management is actually priority management. When you think about time management like that, it’s easier to see what activities are actually at the top of the list. Here’s an exercise that can help you develop a time and priority management system for yourself:

  • Write out all of your business and sales needs.
  • Once you have that list, break down your needs into three categories: urgent, important, and nice to have. 
  • Sort your list by category: urgent first, important second, and nice to have last. If you’re not sure how to sort these needs, use this question as a guideline: “Is it improving my prospects or process? If no, then it’s not urgent.”
  • Looking at your sorted list, how have you been prioritizing up until now? Do you find yourself spending more time than you thought focused on other needs instead of “urgent” needs?

If you realized you’ve been focusing on needs that are lower priority, it’s okay. Most people find out that’s what has been happening the first time they do this exercise. The goal is to recognize it and put a system in place that will help you focus on your needs in the proper priority hierarchy.

“The shorter way to do many things is to only do one thing at a time.” – Mozart

4. Discipline Matters

There are things that you’re not going to want to do that are central to achieving your goals. Discipline is about not giving up and sticking with the plan, even when you don’t feel like it. You can see this easily in sports. 

For example, there was a difference between the athletes who slacked on offseason and those who stuck to their workout and practice regimens. There was a significant difference between showing up for my workouts consistently or taking a week off, only to feel like I was starting at the beginning again. 

It’s in the consistency of pushing your boundaries, being willing to be uncomfortable, and taking intentional action that you grow your skill set. This approach increases your mental toughness and makes it easier for you to handle the ups and downs of sales. Discipline gives you the power of process, so there’s always something meaningful to do whenever an unexpected stressor hits. 

5. Learn To Win & Lose Properly

In sales, you’ll often hear about overcoming objections or turning a “no” into a “yes.” This advice is a little different. If a prospect gives you a genuine “no,” you have to learn how to take that loss as a good sport. Their answer does not automatically mean you did something bad or wrong, nor is it a reflection on how they feel about you as a person. Sometimes, an offer will not fit the needs of a prospect or for some reason, they’re not ready to move forward. 

Keep in mind that every interaction you have with a prospect is either a relationship-building experience or a relationship-detracting experience, and healthy relationships require you to know how to win and lose with grace. 

Where Will You Start?

Your sales journey is going to be full of hills and valleys. There will be moments where you feel like you’re treading water and moments where you feel invincible. The key to making that ratio more wins than losses is in how you approach your sales game. 

Which of the above lessons will you focus on first to improve your sales game? Share your thoughts with us in the comments!

Erin Addesso is a best-selling author, success coach, and sales consultant, working with business owners, companies, and corporations to develop a powerful presence, resulting in higher closing rates, more referrals, and increased profits, using the Hustle Playbook Method™. Erin’s consulting and genius is trusted by brands such as Fairway Independent Mortgage Corporation, Loan Depot, MegaStar Financial Corporation, Coldwell Banker, and more. She uses her over 20 years of experience in leadership, sales, and cutting edge marketing techniques, to create more automated streams of income, develop a growing pipeline of highly qualified leads, and attract top-notch clientele, so you can increase your profitability and reach while actually having days off and not being attached to your phone 24/7.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Entrepreneurs

6 Things to Do Before Starting a Business

Your journey as an entrepreneur will be unpredictable, but with the right tools and mindset, the possibilities are endless

Published

on

How to start a business
Image Credit: Midjourney

Starting up a business can be a bold yet rewarding venture. However, it does not happen overnight. It takes determined planning, continuous learning, and a strong commitment to your vision. (more…)

Continue Reading

Entrepreneurs

Best Practices for Businesses to Manage Their Data Safely and Securely

Regardless of what you do with your data you need to have some sort of strategy as to how you’re going to manage and protect it

Published

on

managing your data
Image Credit: Midjourney

Any modern business knows that data is king. Regardless of what you do with your data (track customer orders, store financial records, maintain employee data, etc.), you need to have some sort of strategy as to how you’re going to manage and protect it. (more…)

Continue Reading

Entrepreneurs

5 Smart Financial Moves Every Entrepreneur Should Consider

Strategic financial planning is the key to making your hard-earned money grow

Published

on

finance tips for entrepreneurs
Image Credit: Midjourney

As an entrepreneur, managing your business finances can sometimes feel like a full-time job on top of everything else. But if you want to truly secure your future and build wealth, you have to think beyond the day-to-day operations of your business. (more…)

Continue Reading

Entrepreneurs

How Entrepreneurs Can Cultivate Courage and Use It as a Superpower

Courage starts with the decision to take action, even when it’s daunting

Published

on

cultivating courage
Image Credit: Midjourney

“You can become a hero.” – Izuku Midoriya (Deku)

Entrepreneurial Take: This simple yet powerful statement embodies the courage to start. No matter your background, you can take the leap to build something extraordinary. (more…)

Continue Reading

Trending