Inside Sales Experts

Current Articles | RSS Feed RSS Feed

Why Casual is Killing Sales

Posted by Cindy Littlefield on Wed, Mar 10, 2010 @ 07:11 AM
 | Add to delicious delicious | Share on Facebook Facebook | Share on Twitter Twitter | Share on LinkedIn LinkedIn 


I recently read an article by Kelly Robertson called The Dangers of Sales Casual. Now I've heard of dress casual, but not sales casual - so I was intrigued. 

Kelly shares his reactions to some recent cold calls he received:

The callers used a casual tone. While this isn't necessarily a bad thing, it reduces the overall professionalism of the call. When I asked one caller how he was (in response to the same question he had just asked me) he replied, "Well, ya know, I'm selling (product name), it's a challenge out there." The immediate thought that raced through my mind was "Gee, that's a surprise with an approach like yours." He also used slang during our conversation which is okay if you're talking to friends or coworkers, but not a new prospect. You have exactly one opportunity to make a powerful first impression and using slang greatly reduces your ability to achieve this.

Is your team using sales casual?  How can you be sure?  The only way to find out is to listen to them.  Schedule a call coaching session at least once a week.  You may be surprised at what you can learn about your Rep's selling style from regular coaching.  Not only will you learn about their personal style but you can also determine if the messaging they are using is resonating with your potential buyers.  Are they on the "we" train or are they talking to your buyers about the challenges "they" face?

Here is another great point from Kelly:

The callers seemed to ‘wing it' and were unfocused. In their attempts to sound friendly and casual the sales people seemed to lack focus. It took all my patience not to demand, "What are you selling?" Recognize that business people are extremely busy. Get to the point. Know what you want to accomplish and concentrate on achieving that objective"

Are your Reps wasting your prospect's time or are they creating a conversation that will spark interest and develop into a next step?  Maybe it's not totally their fault - you have the responsibility of making them better sales people.  Regular coaching will help you determine if your Reps needs additional tools and resources.

A call flow document, for example, is a great tool that can address everything from opening statements and qualifying questions to objection handling all in one nice neat package.  Your team probably doesn't need a strict or canned script, but they may need a roadmap on how to move the prospect through the process using questions and conversation.

I agree with Kelly and I'm worried that a casual sales approach (combined with a casual sales process) neither leaves a good impression nor moves the sales process forward.

So here are my two cents:

  • You have to coach your team to be professional.
  • When they are lucky enough to get the right person on the phone, don't let them waste the opportunity.
  • Make sure they know exactly what to say.
  • Make sure they know exactly what their objective is.
  • Teach them how to execute!

Casual Friday has become passé and we can only hope the same thing will happen to casual selling.  Do you agree?

(Photo credit: slworking)

6 Comments Click here to read/write comments

2010 Inside Sales Metrics & Comp Survey

Posted by Matt Bertuzzi on Wed, Mar 03, 2010 @ 12:57 PM
 | Add to delicious delicious | Share on Facebook Facebook | Share on Twitter Twitter | Share on LinkedIn LinkedIn 

I'm very excited to announce the launch of our 2010 Inside Sales Metrics & Comp Surveys for Technology Companies. We will be using this data to produce our 2010 research reports.

I would like to extend an invitation to participate (in the 6 minute web based survey) to Sales and Marketing Executives. We will reward your participation with a pre-release and no-charge copy of the report. Here are a few requirements for participation:

  • Currently have an Inside Sales Implementation(s) 
  • Selling B2B technology (Hardware, Software, SaaS, etc.)
  • Company located in North America
  • Survey participants are VP/Director-level or above

If you are interested, please send us an email at insidesalesreport@bridgegroupinc.com. Please also identify your implementation model(s) using the following guidelines:

  • Lead Generation- Reps tasked with pipeline generation, appointment setting, pre-qualifying inquiries, etc.
    (Reps carry no revenue quota)
     
  • Inside Sales- Reps tasked with revenue generation, closing business, etc.
    (For on-premise software/hardware solutions)
     
  • SaaS / Inside Sales- Reps tasked with revenue generation, closing business, etc.
    (For SaaS, Software-as-a-Service, models)

Here are some of the topics we will be investigating:

  • Compensation at the Rep & Management level
  • Reporting structure
  • Activity metrics
  • Quota & contribution
  • Productivity & much more!

I am looking forward to having readers of this blog participate so thanks in advance!

0 Comments Click here to read/write comments

B2B Sales Reps Need to Become Better Marketers

Posted by Trish Bertuzzi on Tue, Feb 23, 2010 @ 09:29 AM
 | Add to delicious delicious | Share on Facebook Facebook | Share on Twitter Twitter | Share on LinkedIn LinkedIn 
Tags: 

This is a guest post by Chad Levitt, author of the New Sales Economy blog that explores using social media, sales 2.0 and inbound marketing as a B2B sales strategy for the Web 2.0 world.
----------------------------------------------------

Here are three realities in the B2B Sales profession:

  1. It is harder to reach your customers and prospects by phone and email
  2. Your customers and prospects are less willing to meet in person
  3. Your customers and prospects are busier and more distracted than ever

The hard truth is that customers are getting better at ignoring our sales efforts, they are less willing to meet, and they are more distracted than ever.

Despite these three realities, quotas are not going down, and you are paid to meet and exceed your number.
 

How do you do it?

There has been a shift in power from B2B sales reps to buyers. To take advantage of this shift, inbound marketing was born and is revolutionizing the way companies market in a Web 2.0 world.   For those new to inbound marketing, it is a discipline that uses search engines, SEO, blogs, and social media to help customers find you.

Many of inbound marketing's strategies can be adapted to the Sales Reps role. The combination of outbound with inbound marketing strategies will help you create hyper levels of awareness with customers and prospects. You will get in the door more often so you can create the relationships that allow you to sell.
 

Get found by your customers and prospects.

The building block of getting found through adapting inbound marketing to your business is to create your own personal sales rep website. You should secure your name as the domain - http://www.yourname.com/. Keep in mind your website can just be a blog because many blogs functions as full-blown websites.
 

What should you include on your personal Sales Rep website?

  • Post video clips of great customer references. Yes, you should ask to video your customers
  • Post video clips of yourself detailing at a high level your most compelling solutions - use visuals, whiteboards, etc.
  • Create a video clip that you will feature on the homepage that explains in under one minute why you and why your company. Make it sizzle.
  • Write blog posts about satisfied customers, trends in the industry, common customer challenges, etc.
  • Enable your site for both email and RSS (Really Simple Syndication) so your customers and prospects can be alerted automatically when you post new content.
  • Post Slideshare presentations that your customers and prospects will find valuable.
  • Have an About Me Page and Contact Me Page. Share your interests and get real.
  • Use calls to action on your pages and content to have your customers opt into newsletters and future communications from you.
  • Try free or paid analytics software so you can see who is visiting your website, from what company, and what pages they visited.
  • Add a share this plugin that makes it easy to email and share your website though the popular social networks
     

Start sharing your personal sales rep website with your customers.

Send a personalized email to your customers and prospects letting them know about your personal sales rep website and why you created it (you created it because you know how busy they are). Put your website on your business card and spread the word as you speak to your customers and prospects. If your content is good, your customers will begin to respond and share with their colleagues. Your message will grow legs and get viral in your accounts.

The ultimate differentiator is you. Be a purple cow - a pink dinosaur - or a spotted zebra. Just be something different. Something that will get attention. You will be glad you did.
 

----------------------------------------------------

(Trish here) Thanks Chad.  Your viewpoint is interesting as always.  To learn more about Chad's philosophies and how some of us old dogs can potentially learn new tricks, stay tuned for an upcoming webinar where we'll take a deeper dive on this very topic.  Hope to see you there!

Whose brand is it anyway?
Managing social media sales strategies in 2010.

Tuesday, March 16th  - Register here

Three sales strategists (and three generations) weigh in on the rules and ramifications of selling through social media. Join what's certain to be a lively discussion between Trish Bertuzzi, President of The Bridge Group, Chad Levitt, author of the New Sales Economy blog, and Brett Wallace, VP of sales at ZoomInfo.

Register here

5 Comments Click here to read/write comments

Buzz in the Room

Posted by Trish Bertuzzi on Wed, Feb 10, 2010 @ 01:09 PM
 | Add to delicious delicious | Share on Facebook Facebook | Share on Twitter Twitter | Share on LinkedIn LinkedIn 


I read a post over at the Cubicle Chronicles yesterday.  Now, Josiane is someone I respect immensely.  As a matter of fact, if you are in Inside Sales and have not yet bought her book Smart Selling on the Phone and Online - run don't walk to pick it up.  Josiane lays down the fundamentals in an absorbable and easy to implement fashion. 

But, having said that, she and I have slightly different viewpoints on this one. Here's an excerpt from her post - Sales Productivity Sounds:

There was a time when the success of your inside organization was the loud buzz you could hear from 6am until about 2pm in the afternoon (PST) which validated your team was working hard. You'd walk down the sales aisles and hear that loud hum accented with bells, whistles, balloons and cackling sounds from team members high fiving each other after a successful call.

Today most call centers or inside sales organization sound very different. It's not the phone you hear but keyboards clicking, texting and instant messaging. Call activity is at an all-time low these days, not because your people are not on the phones but because prospects no longer want to be bothered by phone.

 

I completely agree that phone time is at an all time low, but I don't agree that it is because our teams are effectively using their keyboards to move the sales process forward.  As phone time decreased - so did the percentage of Reps hitting quota. 

My take is that the the problem lies in the difference between conversation and communication. 

con·ver·sa·tion - noun
1. informal interchange of thoughts, information, etc., by spoken words; oral communication between persons; talk; colloquy.
2. the ability to talk socially with others: She writes well but has no conversation.

 
com·mu·ni·ca·tion - noun
1. the imparting or interchange of thoughts, opinions, or information by speech, writing, or signs.
2. a document or message imparting news, views, information, etc.


Effective Inside Sales strategies are based on conversation.  Yes, the phone is interruptive and prospects don't want to be bothered with calls, but the reason they don't want to be bothered is because most callers are not adding any value for the buyer. They are trying to sell them something before establishing credibility.  And, if we think that fact is any different in the keyboard world, we are kidding ourselves!

Keyboard conversations impart information but provide limited ability for an interchange of thoughts. 

  • How do you handle objections in 140 characters?
  • How do you position yourself against the competition in an email?
  • How do you develop rapport that is both personal and professional?
  • Not for nothing, but do busy Executives really need a bevy of pen pals to communicate with on a daily basis?

See our thoughts on this very topic at Pen Pals or Prospects and Pen Pals or Prospects: Part Two. What we had to say is less interesting than the dialogue in the comments section.

The perfect answer probably lies someplace in the middle. To achieve your goals you need to figure out the perfect blend of conversation and keyboard communication but in my book "Buzz" will always win out over "Click".

At the end of the day, if you are a Sales Manager ask yourself this question:


Are my Sales Reps keyboard communicating and my competitor's Reps having live conversations? If so, who is going to win the business?


Let the conversation begin!

(Photo Credit: Stewf)

8 Comments Click here to read/write comments

Thoughts on Rapport, Cold Calling & John Madden

Posted by Matt Bertuzzi on Thu, Feb 04, 2010 @ 08:52 AM
 | Add to delicious delicious | Share on Facebook Facebook | Share on Twitter Twitter | Share on LinkedIn LinkedIn 
 
The other day I was listening to an interview on selling blunders that Mike Schultz from RainToday, had with Dan Seidman, sales coach and author of Sales Autopsy.

Dan shared a truly horrific sales story, which I've transcribed:
 

Rick is a Field Rep for a printing services company. For 6 months, he's been tracking the President of a target firm to get a meeting. He finally gets the appointment and is let into his office. The office is so impressively decorated that Rick admits to being pretty intimidated.

Remembering that early on in his selling career, Rick was taught how to build rapport by looking around the room for the fishing picture or golf trophy. So Rick glances around the office, sees a picture on the gentleman's desk and says "Wow, a photo of you and John Madden with your arms around each other. That's a fantastic photo! How did you get a picture with John Madden, of course a NFL great."

The President of the company glares back at him and says "That's not John Madden, that's my wife."


 Wow. Thankfully in Inside Sales, we're spared from making that same atrocious (and fatal) slip-up.

But that doesn't mean that we in Inside Sales should not focus on building rapport the new-fashioned way. More often than not, with information that's publically available on the internet, we can learn 10x more about a prospect than we could from a quick glance around their office.

So why shouldn't rapport involve:

  • Doing some research
    Think 2-3 minutes on LinkedIn, Google, etc.

  • Being prepared
    Being ableto speak to shared connections and recent company news
     
  • Demonstrating that I'm a seller who won't waste your time
    I'm prepared to speak plainly. Maybe we're a fit, maybe not. Here's what I think I know about you and your company. Let's get to a go/no-go on qualification quickly and directly.

Nigel Edelshain shared an excellent example of the Inside Sales slip-up in his Sales 2.0 Vendor Cold Call that Sucked!. Here's an excerpt:

It kills me that this company actually has a pretty good tool that is VERY close to my social calling methodology and yet this sales person called me without any indication that they even looked at my LinkedIn profile. Their tool analyzes LinkedIn profiles! Killer. I'm actually shocked and I've seen plenty of sales mistakes.

...
This call may be the killer illustration of the fact that tools and technology are useless if people don't use them effectively -or don't use them at all! Here we have a (supposed) leader in the Sales 2.0 space letting their sales people call prospects without even using their own tools. If this sales person had used one ounce of the information available to them through their own tool this would have been a warm call. They turned any easy call into a stone cold call.


Nigel's point is spot on. In the comments on his post, Krista Moon makes the point that Sales people cannot be expected to both do the leg work of pre-call planning and hit the activity metrics defined by Senior Management.

Sales people are pressured to contact too many accounts, and they don't have the time to actually do it right, no matter what tools are available. The whole way "sales" is set up and the job sales people are expected to do is the same as it has always been, but the process has totally changed. Seems to be a disconnect there.

I would argue that meaningful conversations is the metric. Banging through a list with vanilla messaging, unaware of the business issues, interests and other unique buyer persona qualities of the recipient is a waste of resource (for the vast majority of sales organizations). The trick is finding the right balance between pre-call planning and activity that makes the process repeatable and scalable.

Would you agree?

(Photo credit: Ed Bierman)

5 Comments Click here to read/write comments

Ego, Money & Fear

Posted by Patrice Murray on Tue, Feb 02, 2010 @ 07:04 AM
 | Add to delicious delicious | Share on Facebook Facebook | Share on Twitter Twitter | Share on LinkedIn LinkedIn 


The other day, I read a post by Dave Kurlan on 3 Powerful Excuses for Maintaining Mediocrity in Your Sales Hiring. Quite a provocative title, no?

I read Dave's points from my perspective as s a former Inside Sales Manager. I have to admit blushing with a bit of embarrassment as I recognized past mistakes in his points.

To set the stage, Dave presented on a Sales hiring webinar and was asked:

If your recruiting process works so effectively, and your assessments are so predictive, and they save so much time and money and consistently identify top performers, then why don't more companies use them?

It is a key question. Dave responded with three reasons (highlighted sections below): ego, money & fear.

1. Ego.
Most sales managers simply have a mindset that they should know how to do this without asking for help, relying on tools, or following someone else's process.

If we didn't have well-developed (putting it mildly) egos, then I don't believe we'd be in Sales. Fortunately, a well-developed (ok, big) ego, can be necessary in business success. Unfortunately, when in management and responsible for a team's success, ego needs to be shelved in order to take advantage of tools, processes and perspectives from other sources and experts in these areas.

Eventually, we call have to embrace our own "ego-management". Think of a ship's Captain in distress refusing help from the Coast Guard (professionals, experts in their field). The end result could very well be a sinking ship. Seeking out and tapping into resources is the sign of strength, not weakness.
 

2. Money.
Every company pays their worst performer far more than it would cost to get the right process, tools and skills in place. Even though every hiring mistake costs as much as hundreds of thousands of dollars, some companies simply don't view those losses as line items.

It's always baffled me how some Managers will continue to hire people who just aren't the best fit for the position and the culture. Similarly, I've seen managers have great and expensive sales meetings to get the team motivated, and once they're back in the office, everyone goes back to the same routine and same processes. A better ROI would be to invest in re-evaluating your sales process and ensuring that your messaging and tools are geared towards how your buyers want to buy and not how you want to sell.
 

3. Fear.
Fear of the unknown, of being wrong, of change, of losing control, of being criticized, and of a learning curve.

Fear of criticism from Senior Management, your team, fear of change, and fear that the people you hired and the processes you've implemented just aren't going to work. Fear can make a Manager become distracted. Sales Managers, and people in general, are not all-knowing and can't be experts on everything, contrary to what we may think about ourselves.
 

A good Manager will admit these realities and turn them into 3 powerful reasons to utilize every tool available. It is a different world we sell in now so what you used at another company 5 years ago may not work now. Your product offerings may be changing, your markets may be evolving, your sales goals may be higher, your team players may be different - so embrace that reality and create a new vision for success.

Are you ready to turn your negatives into positives for 2010?

(Photo credit: Troy Holden)

14 Comments Click here to read/write comments

Tenured Entitlement is Your Enemy

Posted by Gail Milton on Tue, Jan 26, 2010 @ 07:29 AM
 | Add to delicious delicious | Share on Facebook Facebook | Share on Twitter Twitter | Share on LinkedIn LinkedIn 
The other day at the recent Boston AA-ISP meeting, I was speaking with a few Inside Sales Reps about challenges standing in the way of their success. Consistently the answer was "tenured entitlement".

I asked the Reps to describe what they meant and here's what they shared:

Tenured entitlement is when a Rep has some special status (either based on past performance, longevity with the company or a relationship with management). They are separated from the roles & responsibilities of the rest of the team and not held to the same standards.
 

So I dug a little deeper. How is this preventing the overall group from being successful?

From the individual Sales Reps the overwhelming answer was:
"It's not fair! I'll never be #1 on this team."

I reached out to a Sales Manager colleague to discuss the problem. Here's what they shared:
"These people are very necessary, doing their thing, making their number, but they are working in a vacuum. The market is changing and our sales tactics need to change with it. I should be able to use these people as role models, instead, they are road blocks to change and difficult to manage."

I was shocked. How could any good Sales Leader allow this atmosphere to grow and destroy the morale of their department? It was de-motivating and sucked the wind out of the sails of hungry Sales Reps.

Then it hit me, I did exactly the same thing when I was a Sales Manager! I didn't realize it, but I was guilty of allowing tenured entitlement. And I don't think I'm alone.
 

Does this sound familiar?

You've got this person, who has been with the company for a very long time. They know the product and process and at one time they were on top. They are reliable; they can fill any hole because they know everything works! Slowly, without formality, they acquire this "special status". They are asked to take on special projects and before you know it they aren't required to make as many calls or close as many deals.

The trouble is, this person isn't a "sales superstar". Maybe they were at one time, but now they are your "go-to person" (with a lower number and special status).
 

The ramifications of Tenured Entitlement

  • You start to hear the grumbling: How come we have to do this and Mr. Special doesn't?
  • New hires are de-motivated. Even if they do become #1, Mr. Special will be standing next to them as they accept their award.
  • And what about Mr. Special? He knows he's coasting and is probably bored to death! Even worse he is set apart from the rest of the team and instead of being admired, isn't liked.
     

So what's to be done?

Take the time to understand motivation
It's an important ingredient in sales management. We all have our natural style for motivating others. Some members of our team respond well and we know who they are.

Maybe "Mr. Special" would have risen to the occasion if I had said directly:

You are my go to guy, but the reality is, I need more productivity out of the entire team. You included. What will it take for me to motivate you to get to that level again?

Scott Herrick of Cube Rules writes:

Give work to feed their strengths and starve their weaknesses.

Managers assign stardom through the work they delegate. If you can't figure out the strength of a person and give the right work to them, of course they won't shine. Give them the right stuff and you will get the maximum effort and production from a person who wants to deliver results


Bottom line, as a leader you should expect the best from your team. No one should get to bathe in the limelight of past performance for more than 30 days!

In order to attain peak performance, you will need to take the time to understand how to motivate each individual on your team. Over time, what motivates them could change. You need to stay tuned in and notice when you are no longer being effective. Have the discussion with them and see if you can

I'd like to hear if anyone else shares my guilt? What are your thought?

(Photo credit: citizensheep)

7 Comments Click here to read/write comments

Social Inbound 2.0 - Buzz or Buzzkill?

Posted by Trish Bertuzzi on Thu, Jan 21, 2010 @ 07:08 AM
 | Add to delicious delicious | Share on Facebook Facebook | Share on Twitter Twitter | Share on LinkedIn LinkedIn 

I had the pleasure recently of doing an interview with Chad Levitt for his New Sales Economy Blog.  We discuss a range of topics: changes to the sales profession, inbound marketing, Sales 2.0 & the "arrival" of Inside Sales.

A big thanks to Chad for the opportunity!

-----

Chad: The term Sales 2.0 is getting a lot of buzz and attention - what is the buzz is all about and why is it important?

Trish: The buzz is all about the buzz....every once in a while the next great thing comes along and right now the next great thing is Sales 2.0. Now, don't get me wrong, I'm a Sales 2.0 advocate but when you peel away all the layers, 2.0 is nothing more than the effective integration of people, process and technology.

Smart leaders have been thinking about this integration process for quite some time. What I like about the Sales 2.0 movement is that now it forces people to focus on the buyer as part of that equation. The challenge for sales and marketing executives has become "How do I effectively incorporate the needs of my buyer into my people, process and technology equation?"
 

Chad: I've spoken with many sales reps who think Sales 2.0 and social media are a waste of time - what is your response to them?

Trish: This is a tough one because I see both sides of the equation. If a business has not articulated a well thought out strategy then it says to the Sales Rep "Here, here's a bunch of other stuff that you need to think about and add to your to do list."

Let me break my answer into two segments starting with social media.

  1. We believe, and we presented our thoughts on the topic at the Sales 2.0 Conference in Boston, that it is the responsibility of the corporation to figure out their social media strategy. Social media will deliver an ROI if and only if your buyer is participating in the medium. See our presentation Fishing Where Your Buyers Swim. You can tweet, Facebook. blog and text your ass off but if no one is listening...what does it get you? Figure out where your buyers go for information and then put all your eggs in only those social media basket/s.

  2. As for Sales 2.0, for most organizations it means adding more technology to the mix. Before you do that, it is always good to ask "Have I maximized the technology I already have in place?" And, before you run out and buy the next bright shiny toy, have you thought through the process that will make you successful with it?
     

Chad: I believe inbound marketing can help sales reps create more value for their customers and prospects - how do you see inbound marketing influencing the sales profession?

Trish: Inbound marketing has come such a long way in the past two years. We are a Hubspot customer as well as a raving fans - so we have come a long way with inbound marketing ourselves. Smart Marketers really understand that the difference between dumping lists into a CRM and calling them "leads" and getting people who fit your Buyer Persona to raise their hands and engage with you is the key to success.

Great sales people have figured out how to marry the activity they get via inbound marketing with a well constructed outbound process. If your pipeline isn't robust, you can't sit and wait for buyers to self select. You need to go to them with a relevant story, arouse curiosity and then launch your sales process.
 

Chad: At The Bridge Group you track many different data points and trends - what are some of the most interesting trends you are seeing and what does it mean for sales professionals?

Trish: We have been around for 12 years and I have been in technology based inside sales for 30 so I can now say "Inside Sales is the wave of the future - finally!" We spent a lot of years building a business case for this mode of selling and sometimes it felt like the market would never see beyond "telemarketing". That has changed now and even the venture capital firms are requiring a sound Inside Sales strategy from their portfolio companies. Sales professionals must know how to leverage phone and web based selling to be successful in this day and age.
 

Chad: I read a lot of blogs on many subjects - what are some of your favorite blogs and why?

Trish: I read about 30 blogs a day so I will give you my top 3 - it goes without saying that yours is one as well!

Marketing Interactions by Ardath Albee - She is the queen of all things content driven and I learn a lot from her.

Castain's Sales Playbook by Paul Castain - Paul is not in the technology space but I love to read his stuff because he is incredibly motivating person and gives off incredibly positive vibes.

Garth's World by Garth Moulton - Garth is irreverent and I love that. If it is in his head he puts it out there and I laugh out loud every time I read him.
 

Chad: How do you use social media at The Bridge Group and what kind of results have you seen?

Trish: We blog quite a bit and that drives a ton of traffic to our web site. We just closed one of our biggest deals ever and the company found us via our blog. I tweet and although I do not think my buyers are following me, it has certainly brought me fantastic relationships with vendors, analysts and other consultants.

Look, you can't put a price on having a great network and that is what social media brings you. It isn't about the activity it is about the relationships you develop as a result of that activity.
 

Chad: What is the one thing you recommend sales reps do or learn to stay competitive in an increasingly competitive marketplace?

Trish: Learn how to be relevant to your buyers. The days of vanilla selling are gone. You need to have an intimate knowledge of your buyer's day to day business life. If you make that kind of investment in learning, you will win!
 

The Impact of Sales 2.0 Tool Report
Learn more about adoption, effectiveness & impact of Sales 2.0 tools for B2B Sales & Marketing groups.

Based on surveys of over 90 B2B companies.

1 Comments Click here to read/write comments

Towards a New Model for Inside Sales Motivation

Posted by Matt Bertuzzi on Tue, Jan 19, 2010 @ 01:59 PM
 | Add to delicious delicious | Share on Facebook Facebook | Share on Twitter Twitter | Share on LinkedIn LinkedIn 

Note: I've been thinking about this post for a while and the earthquake and it's aftermath in Haiti have really brought it top of mind.

Many Executives, and often Reps themselves, will describe salespeople as "coin operated". That's what the spiff model is all about, right?

  • Establish a goal
  • Run a spiff
  • Comp the winner
  • Shame the losers (?)

I recently ran into a post by Lilia Shirman over at Revenue Orchard where she asks:

Maybe sales reps don't operate by the same rules as all other humans. But I doubt it.  Would love to know for sure.  Anyone out there who's tried something other than a spiff to motivate sales?

For some time I've been thinking about that very question and how Inside Sales groups might integrate team based and even social / philanthropic giving into motivation programs.

The folks over at Green Leads have a really interesting program and I asked their COO,  Linda Flanagan, to share a bit of background.

-----

Linda, last year Mike wrote about the Green Leads team-micro lending project. Can you share how that got started?

Linda: Mike and I are big believers in the "green" thing, hence the company name, and we were out on the west coast with our good friend Christopher Lochhead.  He introduced us to Kiva and we were addicted.  At first, we opened a personal account and started making micro loans, then we came up with the idea of sharing the idea with the company.  It started at one Friday night weekly meeting at the local pub.  Mike said "If you guys contribute to Kiva, we'll match it!".  A day later we had a Green Leads lending team.
 

How does the team participate in the Kiva lending process?

Linda: Every month the team donates from their commissions.  We also allocate SPIFFs that are specifically directed to Kiva.   We then send around some links to specific Kiva projects and people choose.  Nothing formal. Just "I like this guy, he's doing a fish farm" or something.
 

What benefits have you noticed?

Linda: Most good comes from good...someone said that.  In our case, we've seen some of the most sales-quota-dollar-pinching-sales guys donating the most and being the most compassionate.  It's great.  We have one guy who used to be a wooden toy craftsman before getting into technology.  He asked to fund a carpenter.

The great thing about it all is that it's perpetual.  As the folks we loan money to pay it back, we can use the money again to fund another project.  It's an annuity.  It's a Green Leads fund of good will.

----

I absolutely love what Linda and the team are doing over there. Salesforce.com is also doing some great "integrated philanthropy" work with their 1/1/1 model.

Our 1% model is all about getting the most bang for the buck. We take just a fraction of salesforce.com's time, product, and equity, and give it to social-change organizations so they can amplify their impact.

We are in the process of building out a Bridge Group charitable project based on the Salesforce 1/1/1 model and we will keep you posted with what we come up with.

I'd love to hear from our readers on what you‘re doing. Please share.

-----

I'm sure you've already seen this, but you can donate $10 to the American Red Cross by texting Haiti to 90999.

(Photo credit: lightsight)

5 Comments Click here to read/write comments

Get Your Sales Reps in Touch With Prospects Sooner, Not Later

Posted by Trish Bertuzzi on Tue, Jan 12, 2010 @ 07:15 AM
 | Add to delicious delicious | Share on Facebook Facebook | Share on Twitter Twitter | Share on LinkedIn LinkedIn 


Okay, I know I promised to publish the second part of my interview with Linda on Marketing Becoming Enablers BUT that post garnered so many comments here as well as on LinkedIn that I had to temporarily take a different path.

The following was written by Kirko Papajanis, President of Boxpilot (the World Leader in Guided Voicemail and a passionate advocate of the importance of personal contact to  B2B sales and marketing) and is a very interersting comment to our position.  Have to tell ya, wish I had written it!  This post is a bit longer than usual but SO worth the read! 

--------

Much has been written lately about lengthening sales cycles and the preference of prospects not to engage with sales reps until much later in the buying cycle. It is accepted as an idea whose time has come and heavily supported with a wealth of statistics.

Some of the highest profile minds in Marketing are responding to this trend with a renewed call to improve the development of online content, lead scoring and analytics; better understand the buyer persona and to continue to enhance automated marketing programs to provide more product/price/comparative/competitive and benefit/ROI information, for prospects to peruse at their leisure. There is a stampede onto the bandwagon to keep your sales reps away from prospects until they have basically made up their mind about what they want.

There is a misguided perception that the way to win the hearts and minds of your prospects is to leave them in peace to develop their own conclusions based on what they think they know about you.

Years from now, management will look back at this "Slap Yourself On the Top of Your Head", moment in time and ask, "What were we thinking?"
 

So, What Are You Thinking?

A prospect who would rather not engage with sales teams is nothing new, just a current example of why response rates for hard and soft offers have always been different.

  • There is no difference between a preference for online content and the historical sales brush off, "Send me something in writing".
    Sales people used to get fired for doing what companies can't seem to do enough of now, which is to give value and get nothing in return. This isn't to say content should be withheld, we have indeed past the point where that tactic is in any ones best interest, but self- serve content is NOT king and can work against you. When every selling opportunity is a little bit different, involvement, interest and trust are equally important.

  • While companies are rushing ahead to provide the selective answers to prospects' most frequently asked questions, they are doing nothing to ensure that those prospects ask the right questions.

  • Finally, there's an assumption that prospects are truly reading and accurately absorbing all the information they're collecting on their own. This defies human nature.
     

Keeping Your Sales People Away From Your Prospects is a TERRIBLE Idea.

  1. Many decision makers are highly intelligent quick thinkers, capable of summing up the gist of an argument swiftly.
    But they have an unfortunate (for you) tendency to ignore the detail once they believe they have grasped the content. A well documented flaw of many quick thinkers is a failure to review ALL the information available to them. So, you can't be sure what content they have pulled from your materials or the materials of your competitors and you can't predict what conclusions they have come to.

  2. Your prospects will gravitate to the information that answers questions they already have an interest in and will respond best to information that fits their preconceived notions and preferences.

  3. You don't really want a level playing field and neither do your competitors.
    When one of them successfully inserts a sales contact into a one-on-one relationship with a prospect, while your company is content to be held at an arms-length, you have sacrificed an irrevocable piece of the high ground and probably the sale.

  4. Statistics, trends, campaigns and group behaviors do not buy.
    Purchase decisions are made by people who will not always behave in a predictable or even logical way. Their decisions will be influenced by factors that your company will never understand unless you can establish the dialogue that ONLY comes with personal contact and that point of contact is your sales rep.
     

Why Are Sales Teams Not Screaming "Bloody Murder"?

Ironically, along with all the leading edge marketing thinking, the role of the Sales Rep has been pigeon-holed into an outdated and inconsistent cliché "The Closer". In a world where the buying cycle is stretching out past the foreseeable horizon, Sales Reps still live and die by the quarterly revenue goal. To meet these goals they can't afford the time to engage anyone who isn't ready to buy. That's half the reason that Sales Reps are happy to wait to engage.

The other half of the reason is that sales people put themselves on the line. It's not a pleasant thing to expose yourself over and over to the responses of people who don't want to talk to you. So, while it's not to the credit of sales people to be willing to sit back and wait for people who WANT to talk to them, it's understandable. It's not acceptable though and unless your sales people are willing to put themselves on the line to make a personal contact with your prospects, your revenue will suffer.

Current stats all point to a failure of many nurturing programs to translate raw leads into sales and the timing and distribution of new content seems to be the leading solution, but the removal of personal sales contact is probably at least partly to blame.

The role of a Sales Rep shouldn't be diminished, but it needs to evolve. The challenge facing sales teams is to approach your prospects with enough knowledge and skill to serve the needs of both the buyer and seller. The new Sales Rep is the voice of your marketing program and will subtly take ownership of the sales process by ensuring that your prospects are not cherry picking information, but actually absorbing the right information that will lead them to make the choice to buy from you.

--------

Trish here again. Thanks Kirko. Okay readers, let us hear what you have to say. And Sales, where are you?  I know you read this blog so why is it that only Marketing chimes in?

11 Comments Click here to read/write comments

All Posts | Next Page