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“Why do salespeople love sales tips and
quotes so much? It’s probably because we
believe in our own potential, our capacity to
learn and grow. We’re constantly striving to
conquer new sales challenges, close new
deals, and shatter old records.”
~ Ken Krogue, InsideSales.com
Page 2100 Sales Tips for 2014
Sales Pricing
Sales Hiring
Sales Enablement
Sales and Marketing
Social Selling
Sales Motivation
Sales Performance
Sales Prospecting
Sales Data
Sales and CRM
Contents
This ebook is packed with solid advice
on the following sales topics and
related areas:
1
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3
4
5
6
7
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10
Click on a topic
from the list to
jump directly to
that section
Sales Pricing
It is natural to believe that the customer controls the price.
The problem with this belief is that it is wrong.
That's according to Mark Hunter, author of High-ProfitSelling: Win the Sale Without Compromisingon Price.
He has heard this argument from a surprising number of salespeople and sales managers. But in reality,
it is the salesperson’s job to control the price 100% of the time.
Here are Mark Hunter's ten sales tips for getting control of your pricing and avoiding discounts:
Page 4100 Sales Tips for 2014
Section One: Sales Pricing
One of the first things a new salesperson
should learn is that customers don’t buy
features. They invest in outcomes. The
more a salesperson can focus on a
customer’s desired outcomes, the more
likely they will make a sale.
The most successful salespeople know
that price is neither a feature nor a
benefit. Why? It’s simple – positioning
price as a feature or benefit does not
help the selling process one bit.
Push yourself to move away
from bringing up price in your
conversations with customers.
Price should only arise when
you are ready to close the deal.
When you steer clear of price
early in the sales process, you
have more energy to devote
toward getting the customer
to define their desired
outcomes.
Get to the business of
explaining how you can help
the customer with their
desired outcomes. Putting
price into the discussion at
any time before that point
means you’re attempting to
use price as a feature or
benefit. That’s a big mistake,
and you will never achieve
real success with that
approach.
No matter how low the price, if the
product or service doesn’t help the
customer achieve their desired
outcome, low price means nothing.
If you can’t land the customer at the
profit margin your business plan is
built upon, then that particular
customer is not worth having.
1
2
3 6
5
4
-Mark Hunter
Author of High-Profit Selling: Win the
Sale Without Compromising on Price
Page 5100 Sales Tips for 2014
Section One: Sales Pricing
7 8
9 10
8
0
Maintain a strong pipeline of
prospective buyers. Discounting is
far more prevalent when a
salesperson believes the sale on
which they are currently working is
the only sale they are going to get.
Never attempt to close a sale until the
customer has identified to you the benefits
they want and the needs they have. When the
customer understands the benefits they are
gaining from the particular product they are
considering, then you’re in a much better
position to close the sale by not having to
discount your price.
As tempting as it can be to close a sale
quickly, the pressure of the price
discount is many times what emerges
when you close too early. Allow the
customer to verbally describe the
benefits for which they are looking.
This gives you time to expand on them
and, in turn, help the customer see the
full value of what you offer.
Strive to know at least three customer needs
or desired benefits. Then continue your
questioning and listening to the point that
the customer verbally tells you how what you
are offering is going to help them reach the
outcome they want. At this point, you have a
strong signal that price can now come into
the discussion. And you are the one in control
of that aspect of the discussion.
Learn more about
sales pricing in this
free ebook:
Get Your Copy
Section One: Sales Pricing
#
Sales Hiring
It should go without saying that you’re only as successful
as your sales team.
This means the hiring process is vitally important: it will either set you up to achieve your sales goals, or
throw a wrench in the whole thing. There are certain qualities that all-star salespeople possess that you
need to be on the lookout for.
Page 7100 Sales Tips for 2014
Section Two: Sales Hiring
Take the time to check the candidate’s
previous performance claims by speaking
with their former sales managers. Don’t be
satisfied by just any professional reference.
Make sure they can give you the names of
past supervisors from prior jobs, as this is a
good source of their credibility.
The very first hire that
you make should be at
the managerial level and
someone who possesses
complementary skills to
your own.
All of your salespeople don’t
need to be in the same
demographic. If most of your
staff is in their 30s, that
doesn’t mean that someone
who’s 58 isn’t the best choice
for your sales team. An older
person already made all their
mistakes working on
somebody else’s dime.
Hiring is a question of prioritizing which
one component is mission critical and
focusing on just that one aspect,
because it’s very hard to hire multiple
senior people at the same time and
integrate them into a culture.
11
12
14
15
16
Any position can be narrowed down to
include six critical functions. Focus your
interview on finding out how your
candidate can solve problems that may
come up and on what would prevent them
from performing each of those functions.
13
-Martin Yate
Author of Hiring the Best: A Manager’s
Guide to Effective Interviewing & Recruiting
-Edward Hess
Author of Grow to Greatness, Smart
Growth for Entrepreneurial Business
In my entire study of 54 high-growth
companies, no entrepreneur said they
fired too fast. They all did the opposite.
They hired fast and fired slowly, and it
should be the reverse.
Page 8100 Sales Tips for 2014
Section Two: Sales Hiring
Don’t rush to hire. Sales
candidates are the best at
telling you what they want
you to believe. More than any
other position, you want to
be careful to remain
objective during this
interview.
If you have the responsibility
to hire salespeople, don’t hire
a stereotype of a salesperson.
Make it your priority to
identify the candidates who
possess the skills and
experience that best support
your customers’requirements
to make an informed
purchase decision in the
shortest time possible.
A typical sales leader gets
hiring right about 50% of the
time. The most crucial
characteristic you should be
hiring for is drive. Ask
questions that help you
determine whether a
candidate truly has drive.
Bring in a trusted friend or
colleague to asses that
person and see if they’re a
cultural fit for you. Maybe it’s
someone you have worked
with in the past that has
proven technical expertise, or
a friend from college who has
a super duper reputation in
sales and marketing.
Learn from others who
have grown their
businesses with the right
hires in the free ebook:
17 18 19 20Martin Yate
AuthorofHiringtheBest;AManager’s
GuidetoEffectiveInterviewingandRecruiting
Kevin Gaither
VP of Inside Sales at ZipRecruiter
Andy Paul
Author of Zero-Time Selling
Edward Hess
Author of Grow to Greatness, Smart
Growth forr Entrepreneurial Business
Get Your Copy
Section Two: Sales Hiring
Sales Enablement
Sales enablement is a key way to equip your sales team
with everything they need to rock their jobs.
Product training, building sales assets, and onboarding new reps all generally fall under the
responsibilities of the enablement team.
Page 10100 Sales Tips for 2014
Section Three: Sales Enablement
21 22 23
24 25 26
How well companies define and
manage sales enablement can
determine how predictable their
revenue is.
When you have a multi-tiered sales
effort, the first thing you want to do
is understand the market. You want
to go out there and map the
competitive landscape. You want to
know what your customers are
saying.
Sales teams are doing a better job of
training field reps on new products.
However, research by CSO Insights
clearly shows that many teams need
to get better at selling solutions,
outcomes, and business value.
Salespeople today are the
differentiator. That’s why it’s so
critical for you to focus on becoming
a valuable business asset to your
customers.
Develop a clear charter for sales
enablement that balances
strategic with operationally
oriented functions.
Christine Crandell
President at New Business Strategies
Brian Frank
Global Head of Sales Operations at LinkedIn
Yusuf Tayob
Partner and Global Lead - Sales
Enablement at Accenture
Jill Konrath
Author of SNAP Selling and Selling
to BIG Companies
Christine Crandell
President at New Business Strategies
Responsive sellers position their
people and resources with the
deepest product knowledge
and industry expertise closest to
the customer.
Andy Paul
Author of Zero-Time Selling
Page 11100 Sales Tips for 2014
Section Three: Sales Enablement
Every company has a vision.
But can your sales reps clearly
articulate it? Probably not.
Why not create a welcome
video from the CEO or a
founder just for new sales
reps? Make hearing the why
both personal and
motivating at the same time.
If I had a dollar to invest in a
sales effort for a company, it
would go to building inside
sales process and execution.
It will be the dominant model
for the next five to ten years,
and the payback of doing it
well is ten times that of field
models.
Organizations that consistently
achieve or exceed their sales
goals have a vibrant sales
enablement function making
strategic contributions,
focused on things such as
providing training, coaching,
and flattening internal barriers
to success.
27 28 29 30Trish Bertuzzi
President and Chief Strategist
at The Bridge Group
Lars Leckie
Venture Capitalist at Hummer
Winblad
Christine
Crandell
President at New Business Strategies
Enable your sales team
using a repeatable, scalable
process with the free ebook:
For sales enablement, a critical
success factor is simply
understanding. From my
experience, the core problem
is that the sales enablement
team hasn’t been empowered,
doesn’t have many resources,
or has no vision about what it’s
supposed to be doing, so
there is a reluctance to
communicate as that just
compounds the problem.
Jerry Rackley
VP of Marketing and Product
Development at Demand Metric
Get Your Copy
Section Three: Sales Enablement
Sales and Marketing
The sales and marketing departments don’t always work
hand-in-hand, but they need to.
“Marketing and Sales should be your company’s quarterback and receiver. They should know the plays
before the game even begins,” says John Kucera, Director of Product Management at salesforce.com.
Finding a successful way to turn leads into customers is how a company grows and thrives. This is why it’s
particularly vital to get your marketing and sales teams collaborating in a systematic and structured way.
Page 13100 Sales Tips for 2014
Section Four: Sales and Marketing
31 32 33
34 35
Automate your outbound and
benchmark the results. If they don't
stack up, re-evaluate your
messaging. Chances are it's what
you are saying, not how often you
are saying it, that is costing you sales.
Stop distracting people on your
landing pages with visual
embellishments or motion. Your
graphical designer's need to avoid
boredom may be costing you a lot of
money.
Garbage data in, garbage results out.
Whether you do inbound or
outbound marketing, the quality of
your database and lists has a huge
impact on your results. Obtaining
better information about prospects
and where they are in the buying
process is one way to improve the
quality of sales-ready leads.
Customer point of view. Always.
Filter everything you’re doing, saying
and pitching through that and you’ll
improve just about every metric you
care about today.
The buyer's journey is no longer a
standard funnel. Sales and
marketing need to team up with
tools, process automation, analytics,
and discipline to be successful.
Peter Gracey
President at AG Salesworks
Tim Ash
Author of Landing Page Optimization
Brian Carroll
Executive Director at MECLABS
Matt Heinz
President at Heinz Marketing
James Rogers
CMO at OneSource Information Services
Page 14100 Sales Tips for 2014
Section Four: Sales and Marketing
36
Mark Organ
CEO at Influitive
Build advocates
& mobilize them.
Page 15100 Sales Tips for 2014
Today’s buyers do a
tremendous amount of their
purchasing research long
before they ever speak to a
salesperson. As a result, it is
critical for marketers to
consider every potential
interaction with a customer
and how those impressions
may be shared via social media.
Ultimately, this age of the
hyper-educated, constantly
connected consumer requires
that marketing and sales work
more closely together than
ever before.
Webinars, as a form of
content marketing, are a
great vehicle to educate and
inform potential buyers, and
the real goal should be to
make sure they are engaged
in the webinar so they are
inspired to want to have a
conversation with you after
the event. That’s the time to
start the sales process.
Sales professionals and
marketers, especially in
technology start-ups, will talk
in depth about features and
functionality without
considering what really
matters to their customers.
You must take a few steps
back and look at your
product or service
positioning from your
customer's perspective.
When you're sending emails,
you live and die by your
subject line. Making it
personal or funny can
increase your open rate ten
times or more. At the very
least, try to pitch some value
rather than pointless
bragging. “Work Faster!” is
better than“Version 10.4 now
available!”
37 38 39 40
Learn more about implementing
modern marketing techniques
with the free ebook:
Mick Hollison
CMO at InsideSales.com
Dustin
Grosse
CMO at DocuSign
John Wall
Host of Marketing Over Coffee
Mike Agron
Author of WebinarReady
Get Your Copy
Section Four: Sales and Marketing
Social Selling
By 2017, the global social network audience is expected
to be more than 2.5 billion.
That’s a lot of potential sales leads, to say the least. Leveraging the right social channels can pay off in a
big way by connecting you to prospects, including decision makers you might not otherwise be able to
reach.
Page 17100 Sales Tips for 2014
Section Five: Social Selling
41 42 43
44 45 46
The modern sales professional
doubles as an information concierge
-- providing the right information to
the right person at the right time in
the right channel. Socially surround
your buyers and their "sphere of
influence": analysts, thought leaders,
experts, peers, and colleagues.
Social selling is not just a
small-business play. It’s not just a
large-business play. It’s a play for
every business in every segment of
the market. Develop training
modules. Celebrate successes. Share
social-selling best practices
throughout your entire company.
And track the results.
Make each sales rep responsible for
monitoring a certain number of
competitors using LinkedIn. As you
gather competitive intelligence, use
it to build a central repository. Who is
your competitor connecting to? If
you see potential prospects on that
list, add them to your spreadsheet.
Use this spreadsheet to alert your
sales team to deals you might be
losing.
Tweet less and talk more to the
customers and contacts that really
matter.
Social opens a secret door that puts
you right in front of decision makers.
70% of our sales come through
social platforms. The secret door is
much more effective than the front
door. If you are trying to contact a
C-level prospect through a
gatekeeper, or the front door, you
aren't going to get in. But there is a
98% possibility that these executives
are paying attention to social.
B2B customers are now making first
contact with suppliers 57% of the
way through their decision process.
You have two choices: 1) stay with
the "status quo," or 2) embrace the
trend.
Jill Rowley
Social Selling Evangelism & Enablement at Oracle
Liz Gelb-O'Connor
VP Inside Sales Strategy and Growth at ADP
Jamie Shanks
Partner at Sales for Life
Joanne Black
Founder of No More Cold Calling
Richard Brasser
CEO at rFactr
Mark Synek
Principal at Sales Benchmark Index
Page 18100 Sales Tips for 2014
Section Five: Social Selling
By the year 2020, 85% of the
buyer-seller interaction will
happen online through social
media and video. Prospects
now participate in sales
presentations via Skype, web
conferencing, and video.
These tools are quickly
catching on and overtaking
face-to-face visits and
traditional meetings, which
are expensive and too time
consuming for busy buyers.
Inside sales will soon surpass
field sales. The only real
question is: Are you ready?
Social selling in the
enterprise has to start with
strategy. Many sales
executives who would never
go without a common sales
methodology or CRM system
have yet to establish a
common social selling
methodology and set of
tools. The result is a wide
variety of individual skills and
processes that cannot be
managed effectively.
Join LinkedIn groups. You are
70% more likely to get an
appointment with someone
on an unexpected sales call if
you cite a common LinkedIn
group, than if you don’t.
LinkedIn groups are a
wonderful venue to engage
in meaningful conversations
with those who have similar
interests.
Salespeople should only use
social to the extent that it
helps them sell more. For
instance, if your prospects are
active users of LinkedIn, then
you’d better make sure that
you use LinkedIn to some
degree. But I would not
advocate that you start
getting on board with
tweeting and updating
Facebook. We already have
an issue with sales capacity
and spending time with
clients.
47 48 49 50Josiane Feigon
President, TeleSmart Communications
Steve Richard
Co-Founder of Vorsight
Nancy Nardin
President at Smart Selling Tools
Kurt Shaver
Founder of The Sales Foundry
For much more on how you
can leverage your social
channels, read the ebook:
Get Your Copy
Section Five: Social Selling
Sales Motivation
Some 39% of workers do not feel appreciated
in their jobs.
On the flip side, 69% of employees satisfied in their roles said they would work harder if they were better
recognized at work. Both stats give strong evidence that incentives and words of encouragement go a
long way when it comes to getting the most out of your sales team.
Page 20100 Sales Tips for 2014
Section Six: Sales Motivation
51 52 53
54 55
Be curious and seek to understand
their point of view to shift from
confrontation to conversation and
most important; alignment. Ask
questions such as, “What else could
be possible?”“Before we make a final
decision around this, what other
facts might we want to consider?”
“What’s the common ground that
we share?”
Enchantment is the purest form of
sales. Enchantment is all about
changing people’s hearts, minds,
and actions because you provide
them a vision or a way to do things
better. The difference between
enchantment and simple sales is
that with enchantment, you have
the other person’s best interests at
heart too.
Taking off your Chief Problem Solver
hat makes your people more
valuable and sharpens their problem
solving skills. Next time you’re asked
for a quick solution -- don’t give in
and take the bait. Besides all you’re
really doing when imparting all of
your wisdom and expertise is
building robots or managing in your
own image, rather than tapping into
theirs.
By learning to manage people how
they want to be managed, no
conversation is a tough
conversation. Learn how your
people want to be managed by
asking better questions.
A coach takes the “what to do” and
marries it with the “how to do it."
Coaches are the “how to guys."
Coaches are expected to get
employees to performance levels to
reach maximum potential. Coaches
have to engage with players,
encourage players, have rapport
with players and earn trust from their
players.
Keith Rosen
Author of Coaching Salespeople into
Sales Champions
Guy Kawasaki
Author, Venture Capitalist, and Technologist
Keith Rosen
Author of Coaching Salespeople into
Sales Champions
Keith Rosen
Author of Coaching Salespeople
into Sales Champions
Gary Milwit
SVP Sales at Stone Street Capital
Page 21100 Sales Tips for 2014
Section Six: Sales Motivation
When you're coaching
your sales reps, make
sure your feedback is:
timely
consistent
objective
accurate
individualized
relevant.
56
-Barry Trailer
Co-Founder of CSO Insights
Page 22100 Sales Tips for 2014
There's no silver bullet, but
the most common challenge
I'm hearing from sales leaders
is time. If you can give a B or C
player more time, you will
almost certainly see a
performance lift: more time
to prospect, more time in
front of customers, more time
to prepare. Common things
to cut: disputes around comp
plans, time spent preparing
quotes, time spent training.
Be an example. Are you
prompt? Are you professional?
Are you engaged? As sales
leaders, we have to set the bar
high for ourselves as well as
our teams. Sales leaders often
look distracted while they are
talking to their reps.
Sometimes, it’s as simple as
checking your smartphone
when somebody is trying to
tell you something important.
Too many salespeople move
into a management role
thinking they must lead
every person the way they
(the manager) would want to
be led. In reality, nothing can
be farther from the truth.
Great sales managers know
each person on their team is
different and therefore
manage accordingly to each
person’s unique needs and
opportunities.
To inspire and motivate for
the long-term, tap into your
people’s individuality by
asking well-crafted questions
such as, “What gives you a
sense of accomplishment at
the end of the day?”“What do
you enjoy most about your
job?”“How do you like to be
acknowledged for a job well
done?”
57 58 59 60Giles House
CMO at CallidusCloud
Mark Hunter
Speaker and Author of High-Profit Selling
Keith Rosen
Author of Coaching Salespeople
into Sales Champions
Lori Richardson
CEO and Founder of Score More Sales
For more on motivating your
sales team, read the ebook:
Get Your Copy
Section Six: Sales Motivation
Sales Performance
In the end, sales success simply comes down to
performance.
It’s all about your effectiveness in delivering value to your prospects and customers, and closing deals.
Yet, according to The TAS Group, a full two-thirds of salespeople miss quota, and over half of all
salespeople close less than 40% of the time.
Page 24100 Sales Tips for 2014
Section Seven: Sales Performance
61 62 63
64 65
The impact on a customer of a bad
buying decision is usually greater
than the impact on a salesperson of
a lost deal. Think about the
customer's business and what
business problem they are trying to
address. This helps you take a
solution-centric approach to the sale
– and that is better for both the seller
and the buyer.
The number one key to success in
today's sales environment is speed.
The salesperson who delivers the
most valuable information to their
customer or prospect first, wins the
game. The best sales professionals
rely heavily on tools like
salesforce.com to provide that
competitive advantage for
information acceleration.
Use dual monitors. The increase in
productivity is much more than you
can imagine – a great addition for
around $100.
Take the time to identify what types
of customers, verticals, and personal
attributes allow you to bring your
A-game at all times. Then identify
your A-list customers whose values
and businesses align with your own
requirements as a person of worth.
The best sales professionals I know
set (and write down) goals on a
regular basis and they make sure
their goals are S.M.A.R.T. – Specific,
Measurable, Attainable, Realistic, and
Timely. They write down goals for
each meeting they walk into, they
set daily goals and prioritize what
they need to accomplish, and they
all have long term goals that revolve
around where they want to be in
their personal and professional lives
within a specific period of time.
Donal Daly
CEO and Founder of The TAS Group
Dave Orrico
VP of Enterprise Sales at InsideSales.com
Larry Reeves
COO at American Association of Inside
Sales Professionals
Babette Ten Haken
Founder of Sales Aerobics for Engineers
John Barrows
Sales Trainer
Page 25100 Sales Tips for 2014
Section Seven: Sales Performance
Lead TO what makes
you unique, not
WITH what makes
you unique.
66
-Matt Dixon
Co-Author of The Challenger Sale
Page 26100 Sales Tips for 2014
Being a top performer is a
more than just a habit. It is a
way of life with regard to how
you view the sales profession.
The top performer’s lifestyle
is geared around discipline,
integrity, and the ability to
discern.
The top sales performers
meticulously prepare for
each sales interaction. Each
and every interaction a sales
person has with a prospect
carries the requirement to
provide value to the
customer in return for the
time they have invested in
you. This means that every
customer interaction, every
contact with a prospect has
to be planned to achieve a
certain goal and to lead to
the required next steps.
We talk a lot about confidence
and paying attention to the
details, but being disciplined
and “putting in the time” is
often overlooked. All high
performers in sales understand
that if it’s a numbers game you
have to get the numbers. But
it’s not just hard work that you
should develop as a healthy
habit.
Almost all top-performing
salespeople are selfishly
productive. They clearly
understand and can articulate
that time is their most precious
resource, and to a person, they
are incredibly selfish with it
selfish in a good way. Top
producers remain focused on
Job, #1 selling, and they devote
more time to it than everyone
else.
67 68 69 70
Dan
Waldschmidt
Managing Partner, Waldschmidt Partners
Mike Weinberg
Author, Founder ofThe New Sales Coach
Learn more about top
sales performance in
the ebook:
Mark Hunter
Speaker and Author of High-Profit Selling
Andy Paul
Author of Zero-Time Selling
Get Your Copy
Section Seven: Sales Performance
Sales Prospecting
Prospecting is the secret to keeping your sales pipeline full
and productive.
But according to Jason Garoutte, CMO and GM at Mintigo,“90% of your opportunities come from 10%
of the names on your house list, so don’t waste time with prospects who aren’t a good fit.”What’s the
best way to do this?
Page 28100 Sales Tips for 2014
Section Eight: Sales Prospecting
71 72 73
74 75 76
Find your trigger. Find the qualities
that make a lead more likely to
convert and focus on those leads.
If you’re doing prospecting, it’s not
profitable to focus on smaller
customers. Your ideal outbound
customer should represent the
largest revenue size or opportunity
you can find that you can likely win.
The trust that a customer has in your
company and in you strongly
outweighs the techniques you use
to sell. Establishing trust is better
than any sales technique.
Sales is not about selling anymore
but building trust and educating.
80% of prospects who eventually
buy are originally marked as bad
leads. Don't totally count them out.
Search the web prior to any sales call
or meeting to scour thousands of
local and national news and
business publications. Find an article
about the other person and his/her
company that you can reference, so
you can ensure relevancy and get
the other person talking about
him/herself.
Brian Kardon
CMO at Lattice Engines
Aaron Ross
Author of Predictable Revenue
Mike Puglia
VP of Marketing at TimeTrade
Siva Devaki
CEO and Founder of Mansa Systems
Atri Chatterjee
CMO at Act-On Software
Sam Richter
Author of Take the Cold Out of Cold Calling
Page 29100 Sales Tips for 2014
Section Eight: Sales Prospecting
Before you leave a meeting,
make sure you and the
prospect have a clear next
step. This step must be
actionable and measurable.
To put this in action, in your
next meeting ask, "What
makes sense as a next step?"
If they say, "Let's talk," then
say, "Since we are here, how
about we put something on
the calendar right now?"
Boom, you have your next
meeting.
You know you are running a
modern sales team when
selling feels more like the
relationship between a
doctor and a patient and less
like a relationship between a
salesperson and a prospect.
When you go in to see your
doctor and she asks you
about your symptoms, you
tell her the truth. It's no
longer about interrupting,
pitching, and closing. It is
about listening, diagnosing,
and prescribing.
Outbound call prospecting
is very much alive for those
who follow the “Smart
Calling” success formula:
relevant prospect intel,
plugged into planned,
practiced, persuasive, and
proven messaging,
repeated persistently, with
a positive attitude = sales
results. The weak, the
meek, and the lazy will not
do it. The successful pros
already are.
The next time you hear a
decision maker say
something like, “I’m thinking
of doing something about
this. Why don’t you call me
back in six months,” don’t call
back in six months. This
decision maker is in the
“Window of Dissatisfaction.” If
you help create their buying
vision now, your odds of
winning the sale are 74%. Call
them back in six months, and
your odds of winning the
business drop to 16%.
77 78 79 80
Bryan
Kreuzberger
Founder of Breakthrough Email
Art Sobczak
Founder of Business By Phone Inc.
Craig Elias
Creator of Trigger Event Selling
Mark Roberge
SVP Sales and Services at HubSpot
Learn more about how you can
build your prospecting pipeline
by reading the free ebook:
Get Your Copy
Section Eight: Sales Prospecting
Sales Data
Sales data helps you take the results of each individual
salesperson, and capture and analyze it in your CRM
system.
This data underpins successful selling in your organization. Focus here and win.The best sales teams rely
on hard data and facts, not theories or gut feelings, to optimize their performance and grow revenue. By
using data analysis to find specific areas of improvement, you can effectively coach your team.
Page 31100 Sales Tips for 2014
Section Nine: Sales Data
81 82 83
84 85 86
The best companies strive for
predictable revenue. This requires
inputs (activity) and outputs
(success measurement). The only
way to improve is to understand
what works and what doesn't.
Take a long, hard look at your lead
generation methodologies. It’s really
all about the leads. Do your best to
always move from less assertive
methodologies to those that are
more assertive and more effective.
That’s where the results are.
Like sports, there are individual
statistics that shed light onto the
salesperson’s individual efforts.
Measure the things that affect quota.
Use lead scoring to determine who
you send to sales and when you
send them to sales. Identify fit based
on demographic information, and
then pinpoint interest and buying
stage by watching prospect
behaviors. Actions speak louder than
words.
Measuring activity is the second best
metric to revenue earned, and in
some cases, it can be more helpful.
Activity is the ultimate predictor of
outcomes and therefore should be
measured and reported on heavily.
It’s time salespeople use data too. I’m
talking data that goes beyond quota.
Quota only tells a small part of the
story, like revenue to a business or
games won or lost. To get to the
heart of what’s going on, you need
data, and sales is no different.
Kyle Porter
Founder of SalesLoft
Ken Krogue
President and Founder of InsideSales.com
Jim Keenan
Founder and Partner of A Sales Guy Consulting
Jon Miller
VP of Marketing at Marketo
Kyle Porter
Founder of SalesLoft
Jim Keenan
Founder and Partner of A Sales Guy Consulting
Page 32100 Sales Tips for 2014
Section Nine: Sales Data
Analytics is not just about
tools and spreadsheets. It’s
about culture. In order for any
analysis to be effective, it
needs to be part of your
culture. If you are not
inspecting people’s data in a
conspicuous manner on a
regular basis, and if you are
not integrating it into your
pipeline review meetings,
your authority as a sales
leader will be tenuous at
best.
Take all the opportunities in
the pipeline and add up the
number of days they have
been there, then divide by
the number of opportunities.
How long do deals sit in the
pipeline? Does the sales rep
know when to stop working
a deal and close it? Is their
pipeline stuffed with “stuff”
that just isn’t going to close?
Is there a decent ratio
between average days in
pipeline and average time to
close? There should be.
Data is the most important
asset for any company. Focus
on the data first and build the
people and processes around
that. Create a 360 degree
view of the customer and
how they are leveraging
Salesforce to gain insights.
A well-understood sales
process is key. It doesn't need
to be super-sophisticated at
first (you can always fine tune
it later). Classifying your
pending opportunities in
three to four stages will
considerably improve
economic data quality and
reduce pipeline risk.
87 88 89 90Fred Shilmover
CEO at InsightSquared
Ken Brown
AVP of Enterprise Application
Development Global CRM at MetLife
Thomas Oriol
CEO of SalesClic
Jim Keenan
Founder and Partner of A Sales
Guy Consulting
Learn about sales
data with Data.com
in the ebook:
Get Your Copy
Section Nine: Sales Data
Sales and CRM
A CRM (Customer Relationship Management) application
manages critical customer information so that you can
look at it all in one place.
It can be used to view contact info, follow up via email or social media, manage tasks, and track your
performance, among other benefits. Implementing the right CRM can increase sales efficiency, improve
forecast accuracy, and help you close more deals.
Page 34100 Sales Tips for 2014
Section Ten: Sales and CRM
91 92 93
94 95 96
Getting more out of your CRM
means giving your sales reps more
time to sell.
Sales 2.0 is a combination of the
data, science, metrics, and
predictability that inside sales has
always been known for, combined
with the art of really getting close to
our customers and understanding
what they are facing in their
businesses.
Today's inside sales teams must
continue to take the lead on
embracing and adopting the
technology that will help advance
the sales process and profession.
Record all interactions and all
outcomes. Keep your Salesforce
account up to the minute. It could
be worth a customer.
There is incredible power in leading
with research and leading with
relevance.
Start early and do your prep work.
Think about your sales processes,
what stakeholders need to be
involved, and how to manage the
rollout, before you start
implementing your CRM.
Rebecca Wettemann
Vice President at Nucleus Research
Anneke Seley
CEO and Founder of Reality Works
Bob Perkins
Founder of American Association of Inside
Sales Professionals
Jeffrey Gitomer
Author of 21.5 Unbreakable Laws of Selling
Kraig Kleeman
Author of The Must-React System
Cindy Pogrund
EVP of Customer Experience at Ifbyphone
Page 35100 Sales Tips for 2014
Section Ten: Sales and CRM
Use your CRM to retain
customers. If your main
contact leaves, and a new,
unknown person takes over,
your account is in jeopardy --
especially if the new
employee doesn't know
about your value to his
company. Well, if your
Salesforce account notes are
detailed, you can print your
past history and present this
information to the new
person as evidence of how
you conducted your
relationship.
Time is precious and sales
folks don’t have time to dig
into a myriad of folders for
the right asset. Create folders
for the content in your CRM
that moves the needle, and
use clear naming
conventions so your content
is easy to find. Organize
content efficiently inside
your CRM and reps will use it.
We all know intuitively that
extending CRM to the
partner network, integrating
other data sources, and
leveraging technologies for
social collaboration will drive
greater returns from your
system. The trick is often
prioritizing where to start so
you're likely to get the
greatest bang for your buck.
As tempting as it can be to
close a sale quickly, the
pressure of the price discount
is many times what emerges
when you close too early.
Allow the customer to
verbally describe the benefits
for which they are looking.
This gives you time to expand
on them and, in turn, help the
customer see the full value of
what you offer.
97 98 99Jeffrey Gitomer
Author of 21.5 Unbreakable
Laws of Selling
Rebecca
Wettemann
Vice President at Nucleus Research
Jim
Keenan
Founder and Partner of A Sales
Guy Consulting
Jesse Noyes
Senior Director of Content
Marketing at Kapost
Read this ebook for more
tips on growing a
business with CRM:
Get Your Copy
100
Section Ten: Sales and CRM
See Demo Get StartedLearn More
SALES SOLUTIONS THAT WILL MAKE
YOUR BUSINESS MORE PRODUCTIVE
If you want to grow your sales and establish a transparent sales process, you
need an easy-to-use Customer Relationship Management system. Salesforce
allows you to store customer and prospect contact information, accounts,
leads, and sales opportunities in one central location.
28%increase
in sales
26%improved
win rate
36%increased
sales
productivity
100 Sales Tips for 2014 Salesforce ebook

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100 Sales Tips for 2014 Salesforce ebook

  • 1.
  • 2. “Why do salespeople love sales tips and quotes so much? It’s probably because we believe in our own potential, our capacity to learn and grow. We’re constantly striving to conquer new sales challenges, close new deals, and shatter old records.” ~ Ken Krogue, InsideSales.com Page 2100 Sales Tips for 2014
  • 3. Sales Pricing Sales Hiring Sales Enablement Sales and Marketing Social Selling Sales Motivation Sales Performance Sales Prospecting Sales Data Sales and CRM Contents This ebook is packed with solid advice on the following sales topics and related areas: 1 2 3 4 5 6 7 8 9 10 Click on a topic from the list to jump directly to that section
  • 4. Sales Pricing It is natural to believe that the customer controls the price. The problem with this belief is that it is wrong. That's according to Mark Hunter, author of High-ProfitSelling: Win the Sale Without Compromisingon Price. He has heard this argument from a surprising number of salespeople and sales managers. But in reality, it is the salesperson’s job to control the price 100% of the time. Here are Mark Hunter's ten sales tips for getting control of your pricing and avoiding discounts: Page 4100 Sales Tips for 2014 Section One: Sales Pricing
  • 5. One of the first things a new salesperson should learn is that customers don’t buy features. They invest in outcomes. The more a salesperson can focus on a customer’s desired outcomes, the more likely they will make a sale. The most successful salespeople know that price is neither a feature nor a benefit. Why? It’s simple – positioning price as a feature or benefit does not help the selling process one bit. Push yourself to move away from bringing up price in your conversations with customers. Price should only arise when you are ready to close the deal. When you steer clear of price early in the sales process, you have more energy to devote toward getting the customer to define their desired outcomes. Get to the business of explaining how you can help the customer with their desired outcomes. Putting price into the discussion at any time before that point means you’re attempting to use price as a feature or benefit. That’s a big mistake, and you will never achieve real success with that approach. No matter how low the price, if the product or service doesn’t help the customer achieve their desired outcome, low price means nothing. If you can’t land the customer at the profit margin your business plan is built upon, then that particular customer is not worth having. 1 2 3 6 5 4 -Mark Hunter Author of High-Profit Selling: Win the Sale Without Compromising on Price Page 5100 Sales Tips for 2014 Section One: Sales Pricing
  • 6. 7 8 9 10 8 0 Maintain a strong pipeline of prospective buyers. Discounting is far more prevalent when a salesperson believes the sale on which they are currently working is the only sale they are going to get. Never attempt to close a sale until the customer has identified to you the benefits they want and the needs they have. When the customer understands the benefits they are gaining from the particular product they are considering, then you’re in a much better position to close the sale by not having to discount your price. As tempting as it can be to close a sale quickly, the pressure of the price discount is many times what emerges when you close too early. Allow the customer to verbally describe the benefits for which they are looking. This gives you time to expand on them and, in turn, help the customer see the full value of what you offer. Strive to know at least three customer needs or desired benefits. Then continue your questioning and listening to the point that the customer verbally tells you how what you are offering is going to help them reach the outcome they want. At this point, you have a strong signal that price can now come into the discussion. And you are the one in control of that aspect of the discussion. Learn more about sales pricing in this free ebook: Get Your Copy Section One: Sales Pricing
  • 7. # Sales Hiring It should go without saying that you’re only as successful as your sales team. This means the hiring process is vitally important: it will either set you up to achieve your sales goals, or throw a wrench in the whole thing. There are certain qualities that all-star salespeople possess that you need to be on the lookout for. Page 7100 Sales Tips for 2014 Section Two: Sales Hiring
  • 8. Take the time to check the candidate’s previous performance claims by speaking with their former sales managers. Don’t be satisfied by just any professional reference. Make sure they can give you the names of past supervisors from prior jobs, as this is a good source of their credibility. The very first hire that you make should be at the managerial level and someone who possesses complementary skills to your own. All of your salespeople don’t need to be in the same demographic. If most of your staff is in their 30s, that doesn’t mean that someone who’s 58 isn’t the best choice for your sales team. An older person already made all their mistakes working on somebody else’s dime. Hiring is a question of prioritizing which one component is mission critical and focusing on just that one aspect, because it’s very hard to hire multiple senior people at the same time and integrate them into a culture. 11 12 14 15 16 Any position can be narrowed down to include six critical functions. Focus your interview on finding out how your candidate can solve problems that may come up and on what would prevent them from performing each of those functions. 13 -Martin Yate Author of Hiring the Best: A Manager’s Guide to Effective Interviewing & Recruiting -Edward Hess Author of Grow to Greatness, Smart Growth for Entrepreneurial Business In my entire study of 54 high-growth companies, no entrepreneur said they fired too fast. They all did the opposite. They hired fast and fired slowly, and it should be the reverse. Page 8100 Sales Tips for 2014 Section Two: Sales Hiring
  • 9. Don’t rush to hire. Sales candidates are the best at telling you what they want you to believe. More than any other position, you want to be careful to remain objective during this interview. If you have the responsibility to hire salespeople, don’t hire a stereotype of a salesperson. Make it your priority to identify the candidates who possess the skills and experience that best support your customers’requirements to make an informed purchase decision in the shortest time possible. A typical sales leader gets hiring right about 50% of the time. The most crucial characteristic you should be hiring for is drive. Ask questions that help you determine whether a candidate truly has drive. Bring in a trusted friend or colleague to asses that person and see if they’re a cultural fit for you. Maybe it’s someone you have worked with in the past that has proven technical expertise, or a friend from college who has a super duper reputation in sales and marketing. Learn from others who have grown their businesses with the right hires in the free ebook: 17 18 19 20Martin Yate AuthorofHiringtheBest;AManager’s GuidetoEffectiveInterviewingandRecruiting Kevin Gaither VP of Inside Sales at ZipRecruiter Andy Paul Author of Zero-Time Selling Edward Hess Author of Grow to Greatness, Smart Growth forr Entrepreneurial Business Get Your Copy Section Two: Sales Hiring
  • 10. Sales Enablement Sales enablement is a key way to equip your sales team with everything they need to rock their jobs. Product training, building sales assets, and onboarding new reps all generally fall under the responsibilities of the enablement team. Page 10100 Sales Tips for 2014 Section Three: Sales Enablement
  • 11. 21 22 23 24 25 26 How well companies define and manage sales enablement can determine how predictable their revenue is. When you have a multi-tiered sales effort, the first thing you want to do is understand the market. You want to go out there and map the competitive landscape. You want to know what your customers are saying. Sales teams are doing a better job of training field reps on new products. However, research by CSO Insights clearly shows that many teams need to get better at selling solutions, outcomes, and business value. Salespeople today are the differentiator. That’s why it’s so critical for you to focus on becoming a valuable business asset to your customers. Develop a clear charter for sales enablement that balances strategic with operationally oriented functions. Christine Crandell President at New Business Strategies Brian Frank Global Head of Sales Operations at LinkedIn Yusuf Tayob Partner and Global Lead - Sales Enablement at Accenture Jill Konrath Author of SNAP Selling and Selling to BIG Companies Christine Crandell President at New Business Strategies Responsive sellers position their people and resources with the deepest product knowledge and industry expertise closest to the customer. Andy Paul Author of Zero-Time Selling Page 11100 Sales Tips for 2014 Section Three: Sales Enablement
  • 12. Every company has a vision. But can your sales reps clearly articulate it? Probably not. Why not create a welcome video from the CEO or a founder just for new sales reps? Make hearing the why both personal and motivating at the same time. If I had a dollar to invest in a sales effort for a company, it would go to building inside sales process and execution. It will be the dominant model for the next five to ten years, and the payback of doing it well is ten times that of field models. Organizations that consistently achieve or exceed their sales goals have a vibrant sales enablement function making strategic contributions, focused on things such as providing training, coaching, and flattening internal barriers to success. 27 28 29 30Trish Bertuzzi President and Chief Strategist at The Bridge Group Lars Leckie Venture Capitalist at Hummer Winblad Christine Crandell President at New Business Strategies Enable your sales team using a repeatable, scalable process with the free ebook: For sales enablement, a critical success factor is simply understanding. From my experience, the core problem is that the sales enablement team hasn’t been empowered, doesn’t have many resources, or has no vision about what it’s supposed to be doing, so there is a reluctance to communicate as that just compounds the problem. Jerry Rackley VP of Marketing and Product Development at Demand Metric Get Your Copy Section Three: Sales Enablement
  • 13. Sales and Marketing The sales and marketing departments don’t always work hand-in-hand, but they need to. “Marketing and Sales should be your company’s quarterback and receiver. They should know the plays before the game even begins,” says John Kucera, Director of Product Management at salesforce.com. Finding a successful way to turn leads into customers is how a company grows and thrives. This is why it’s particularly vital to get your marketing and sales teams collaborating in a systematic and structured way. Page 13100 Sales Tips for 2014 Section Four: Sales and Marketing
  • 14. 31 32 33 34 35 Automate your outbound and benchmark the results. If they don't stack up, re-evaluate your messaging. Chances are it's what you are saying, not how often you are saying it, that is costing you sales. Stop distracting people on your landing pages with visual embellishments or motion. Your graphical designer's need to avoid boredom may be costing you a lot of money. Garbage data in, garbage results out. Whether you do inbound or outbound marketing, the quality of your database and lists has a huge impact on your results. Obtaining better information about prospects and where they are in the buying process is one way to improve the quality of sales-ready leads. Customer point of view. Always. Filter everything you’re doing, saying and pitching through that and you’ll improve just about every metric you care about today. The buyer's journey is no longer a standard funnel. Sales and marketing need to team up with tools, process automation, analytics, and discipline to be successful. Peter Gracey President at AG Salesworks Tim Ash Author of Landing Page Optimization Brian Carroll Executive Director at MECLABS Matt Heinz President at Heinz Marketing James Rogers CMO at OneSource Information Services Page 14100 Sales Tips for 2014 Section Four: Sales and Marketing
  • 15. 36 Mark Organ CEO at Influitive Build advocates & mobilize them. Page 15100 Sales Tips for 2014
  • 16. Today’s buyers do a tremendous amount of their purchasing research long before they ever speak to a salesperson. As a result, it is critical for marketers to consider every potential interaction with a customer and how those impressions may be shared via social media. Ultimately, this age of the hyper-educated, constantly connected consumer requires that marketing and sales work more closely together than ever before. Webinars, as a form of content marketing, are a great vehicle to educate and inform potential buyers, and the real goal should be to make sure they are engaged in the webinar so they are inspired to want to have a conversation with you after the event. That’s the time to start the sales process. Sales professionals and marketers, especially in technology start-ups, will talk in depth about features and functionality without considering what really matters to their customers. You must take a few steps back and look at your product or service positioning from your customer's perspective. When you're sending emails, you live and die by your subject line. Making it personal or funny can increase your open rate ten times or more. At the very least, try to pitch some value rather than pointless bragging. “Work Faster!” is better than“Version 10.4 now available!” 37 38 39 40 Learn more about implementing modern marketing techniques with the free ebook: Mick Hollison CMO at InsideSales.com Dustin Grosse CMO at DocuSign John Wall Host of Marketing Over Coffee Mike Agron Author of WebinarReady Get Your Copy Section Four: Sales and Marketing
  • 17. Social Selling By 2017, the global social network audience is expected to be more than 2.5 billion. That’s a lot of potential sales leads, to say the least. Leveraging the right social channels can pay off in a big way by connecting you to prospects, including decision makers you might not otherwise be able to reach. Page 17100 Sales Tips for 2014 Section Five: Social Selling
  • 18. 41 42 43 44 45 46 The modern sales professional doubles as an information concierge -- providing the right information to the right person at the right time in the right channel. Socially surround your buyers and their "sphere of influence": analysts, thought leaders, experts, peers, and colleagues. Social selling is not just a small-business play. It’s not just a large-business play. It’s a play for every business in every segment of the market. Develop training modules. Celebrate successes. Share social-selling best practices throughout your entire company. And track the results. Make each sales rep responsible for monitoring a certain number of competitors using LinkedIn. As you gather competitive intelligence, use it to build a central repository. Who is your competitor connecting to? If you see potential prospects on that list, add them to your spreadsheet. Use this spreadsheet to alert your sales team to deals you might be losing. Tweet less and talk more to the customers and contacts that really matter. Social opens a secret door that puts you right in front of decision makers. 70% of our sales come through social platforms. The secret door is much more effective than the front door. If you are trying to contact a C-level prospect through a gatekeeper, or the front door, you aren't going to get in. But there is a 98% possibility that these executives are paying attention to social. B2B customers are now making first contact with suppliers 57% of the way through their decision process. You have two choices: 1) stay with the "status quo," or 2) embrace the trend. Jill Rowley Social Selling Evangelism & Enablement at Oracle Liz Gelb-O'Connor VP Inside Sales Strategy and Growth at ADP Jamie Shanks Partner at Sales for Life Joanne Black Founder of No More Cold Calling Richard Brasser CEO at rFactr Mark Synek Principal at Sales Benchmark Index Page 18100 Sales Tips for 2014 Section Five: Social Selling
  • 19. By the year 2020, 85% of the buyer-seller interaction will happen online through social media and video. Prospects now participate in sales presentations via Skype, web conferencing, and video. These tools are quickly catching on and overtaking face-to-face visits and traditional meetings, which are expensive and too time consuming for busy buyers. Inside sales will soon surpass field sales. The only real question is: Are you ready? Social selling in the enterprise has to start with strategy. Many sales executives who would never go without a common sales methodology or CRM system have yet to establish a common social selling methodology and set of tools. The result is a wide variety of individual skills and processes that cannot be managed effectively. Join LinkedIn groups. You are 70% more likely to get an appointment with someone on an unexpected sales call if you cite a common LinkedIn group, than if you don’t. LinkedIn groups are a wonderful venue to engage in meaningful conversations with those who have similar interests. Salespeople should only use social to the extent that it helps them sell more. For instance, if your prospects are active users of LinkedIn, then you’d better make sure that you use LinkedIn to some degree. But I would not advocate that you start getting on board with tweeting and updating Facebook. We already have an issue with sales capacity and spending time with clients. 47 48 49 50Josiane Feigon President, TeleSmart Communications Steve Richard Co-Founder of Vorsight Nancy Nardin President at Smart Selling Tools Kurt Shaver Founder of The Sales Foundry For much more on how you can leverage your social channels, read the ebook: Get Your Copy Section Five: Social Selling
  • 20. Sales Motivation Some 39% of workers do not feel appreciated in their jobs. On the flip side, 69% of employees satisfied in their roles said they would work harder if they were better recognized at work. Both stats give strong evidence that incentives and words of encouragement go a long way when it comes to getting the most out of your sales team. Page 20100 Sales Tips for 2014 Section Six: Sales Motivation
  • 21. 51 52 53 54 55 Be curious and seek to understand their point of view to shift from confrontation to conversation and most important; alignment. Ask questions such as, “What else could be possible?”“Before we make a final decision around this, what other facts might we want to consider?” “What’s the common ground that we share?” Enchantment is the purest form of sales. Enchantment is all about changing people’s hearts, minds, and actions because you provide them a vision or a way to do things better. The difference between enchantment and simple sales is that with enchantment, you have the other person’s best interests at heart too. Taking off your Chief Problem Solver hat makes your people more valuable and sharpens their problem solving skills. Next time you’re asked for a quick solution -- don’t give in and take the bait. Besides all you’re really doing when imparting all of your wisdom and expertise is building robots or managing in your own image, rather than tapping into theirs. By learning to manage people how they want to be managed, no conversation is a tough conversation. Learn how your people want to be managed by asking better questions. A coach takes the “what to do” and marries it with the “how to do it." Coaches are the “how to guys." Coaches are expected to get employees to performance levels to reach maximum potential. Coaches have to engage with players, encourage players, have rapport with players and earn trust from their players. Keith Rosen Author of Coaching Salespeople into Sales Champions Guy Kawasaki Author, Venture Capitalist, and Technologist Keith Rosen Author of Coaching Salespeople into Sales Champions Keith Rosen Author of Coaching Salespeople into Sales Champions Gary Milwit SVP Sales at Stone Street Capital Page 21100 Sales Tips for 2014 Section Six: Sales Motivation
  • 22. When you're coaching your sales reps, make sure your feedback is: timely consistent objective accurate individualized relevant. 56 -Barry Trailer Co-Founder of CSO Insights Page 22100 Sales Tips for 2014
  • 23. There's no silver bullet, but the most common challenge I'm hearing from sales leaders is time. If you can give a B or C player more time, you will almost certainly see a performance lift: more time to prospect, more time in front of customers, more time to prepare. Common things to cut: disputes around comp plans, time spent preparing quotes, time spent training. Be an example. Are you prompt? Are you professional? Are you engaged? As sales leaders, we have to set the bar high for ourselves as well as our teams. Sales leaders often look distracted while they are talking to their reps. Sometimes, it’s as simple as checking your smartphone when somebody is trying to tell you something important. Too many salespeople move into a management role thinking they must lead every person the way they (the manager) would want to be led. In reality, nothing can be farther from the truth. Great sales managers know each person on their team is different and therefore manage accordingly to each person’s unique needs and opportunities. To inspire and motivate for the long-term, tap into your people’s individuality by asking well-crafted questions such as, “What gives you a sense of accomplishment at the end of the day?”“What do you enjoy most about your job?”“How do you like to be acknowledged for a job well done?” 57 58 59 60Giles House CMO at CallidusCloud Mark Hunter Speaker and Author of High-Profit Selling Keith Rosen Author of Coaching Salespeople into Sales Champions Lori Richardson CEO and Founder of Score More Sales For more on motivating your sales team, read the ebook: Get Your Copy Section Six: Sales Motivation
  • 24. Sales Performance In the end, sales success simply comes down to performance. It’s all about your effectiveness in delivering value to your prospects and customers, and closing deals. Yet, according to The TAS Group, a full two-thirds of salespeople miss quota, and over half of all salespeople close less than 40% of the time. Page 24100 Sales Tips for 2014 Section Seven: Sales Performance
  • 25. 61 62 63 64 65 The impact on a customer of a bad buying decision is usually greater than the impact on a salesperson of a lost deal. Think about the customer's business and what business problem they are trying to address. This helps you take a solution-centric approach to the sale – and that is better for both the seller and the buyer. The number one key to success in today's sales environment is speed. The salesperson who delivers the most valuable information to their customer or prospect first, wins the game. The best sales professionals rely heavily on tools like salesforce.com to provide that competitive advantage for information acceleration. Use dual monitors. The increase in productivity is much more than you can imagine – a great addition for around $100. Take the time to identify what types of customers, verticals, and personal attributes allow you to bring your A-game at all times. Then identify your A-list customers whose values and businesses align with your own requirements as a person of worth. The best sales professionals I know set (and write down) goals on a regular basis and they make sure their goals are S.M.A.R.T. – Specific, Measurable, Attainable, Realistic, and Timely. They write down goals for each meeting they walk into, they set daily goals and prioritize what they need to accomplish, and they all have long term goals that revolve around where they want to be in their personal and professional lives within a specific period of time. Donal Daly CEO and Founder of The TAS Group Dave Orrico VP of Enterprise Sales at InsideSales.com Larry Reeves COO at American Association of Inside Sales Professionals Babette Ten Haken Founder of Sales Aerobics for Engineers John Barrows Sales Trainer Page 25100 Sales Tips for 2014 Section Seven: Sales Performance
  • 26. Lead TO what makes you unique, not WITH what makes you unique. 66 -Matt Dixon Co-Author of The Challenger Sale Page 26100 Sales Tips for 2014
  • 27. Being a top performer is a more than just a habit. It is a way of life with regard to how you view the sales profession. The top performer’s lifestyle is geared around discipline, integrity, and the ability to discern. The top sales performers meticulously prepare for each sales interaction. Each and every interaction a sales person has with a prospect carries the requirement to provide value to the customer in return for the time they have invested in you. This means that every customer interaction, every contact with a prospect has to be planned to achieve a certain goal and to lead to the required next steps. We talk a lot about confidence and paying attention to the details, but being disciplined and “putting in the time” is often overlooked. All high performers in sales understand that if it’s a numbers game you have to get the numbers. But it’s not just hard work that you should develop as a healthy habit. Almost all top-performing salespeople are selfishly productive. They clearly understand and can articulate that time is their most precious resource, and to a person, they are incredibly selfish with it selfish in a good way. Top producers remain focused on Job, #1 selling, and they devote more time to it than everyone else. 67 68 69 70 Dan Waldschmidt Managing Partner, Waldschmidt Partners Mike Weinberg Author, Founder ofThe New Sales Coach Learn more about top sales performance in the ebook: Mark Hunter Speaker and Author of High-Profit Selling Andy Paul Author of Zero-Time Selling Get Your Copy Section Seven: Sales Performance
  • 28. Sales Prospecting Prospecting is the secret to keeping your sales pipeline full and productive. But according to Jason Garoutte, CMO and GM at Mintigo,“90% of your opportunities come from 10% of the names on your house list, so don’t waste time with prospects who aren’t a good fit.”What’s the best way to do this? Page 28100 Sales Tips for 2014 Section Eight: Sales Prospecting
  • 29. 71 72 73 74 75 76 Find your trigger. Find the qualities that make a lead more likely to convert and focus on those leads. If you’re doing prospecting, it’s not profitable to focus on smaller customers. Your ideal outbound customer should represent the largest revenue size or opportunity you can find that you can likely win. The trust that a customer has in your company and in you strongly outweighs the techniques you use to sell. Establishing trust is better than any sales technique. Sales is not about selling anymore but building trust and educating. 80% of prospects who eventually buy are originally marked as bad leads. Don't totally count them out. Search the web prior to any sales call or meeting to scour thousands of local and national news and business publications. Find an article about the other person and his/her company that you can reference, so you can ensure relevancy and get the other person talking about him/herself. Brian Kardon CMO at Lattice Engines Aaron Ross Author of Predictable Revenue Mike Puglia VP of Marketing at TimeTrade Siva Devaki CEO and Founder of Mansa Systems Atri Chatterjee CMO at Act-On Software Sam Richter Author of Take the Cold Out of Cold Calling Page 29100 Sales Tips for 2014 Section Eight: Sales Prospecting
  • 30. Before you leave a meeting, make sure you and the prospect have a clear next step. This step must be actionable and measurable. To put this in action, in your next meeting ask, "What makes sense as a next step?" If they say, "Let's talk," then say, "Since we are here, how about we put something on the calendar right now?" Boom, you have your next meeting. You know you are running a modern sales team when selling feels more like the relationship between a doctor and a patient and less like a relationship between a salesperson and a prospect. When you go in to see your doctor and she asks you about your symptoms, you tell her the truth. It's no longer about interrupting, pitching, and closing. It is about listening, diagnosing, and prescribing. Outbound call prospecting is very much alive for those who follow the “Smart Calling” success formula: relevant prospect intel, plugged into planned, practiced, persuasive, and proven messaging, repeated persistently, with a positive attitude = sales results. The weak, the meek, and the lazy will not do it. The successful pros already are. The next time you hear a decision maker say something like, “I’m thinking of doing something about this. Why don’t you call me back in six months,” don’t call back in six months. This decision maker is in the “Window of Dissatisfaction.” If you help create their buying vision now, your odds of winning the sale are 74%. Call them back in six months, and your odds of winning the business drop to 16%. 77 78 79 80 Bryan Kreuzberger Founder of Breakthrough Email Art Sobczak Founder of Business By Phone Inc. Craig Elias Creator of Trigger Event Selling Mark Roberge SVP Sales and Services at HubSpot Learn more about how you can build your prospecting pipeline by reading the free ebook: Get Your Copy Section Eight: Sales Prospecting
  • 31. Sales Data Sales data helps you take the results of each individual salesperson, and capture and analyze it in your CRM system. This data underpins successful selling in your organization. Focus here and win.The best sales teams rely on hard data and facts, not theories or gut feelings, to optimize their performance and grow revenue. By using data analysis to find specific areas of improvement, you can effectively coach your team. Page 31100 Sales Tips for 2014 Section Nine: Sales Data
  • 32. 81 82 83 84 85 86 The best companies strive for predictable revenue. This requires inputs (activity) and outputs (success measurement). The only way to improve is to understand what works and what doesn't. Take a long, hard look at your lead generation methodologies. It’s really all about the leads. Do your best to always move from less assertive methodologies to those that are more assertive and more effective. That’s where the results are. Like sports, there are individual statistics that shed light onto the salesperson’s individual efforts. Measure the things that affect quota. Use lead scoring to determine who you send to sales and when you send them to sales. Identify fit based on demographic information, and then pinpoint interest and buying stage by watching prospect behaviors. Actions speak louder than words. Measuring activity is the second best metric to revenue earned, and in some cases, it can be more helpful. Activity is the ultimate predictor of outcomes and therefore should be measured and reported on heavily. It’s time salespeople use data too. I’m talking data that goes beyond quota. Quota only tells a small part of the story, like revenue to a business or games won or lost. To get to the heart of what’s going on, you need data, and sales is no different. Kyle Porter Founder of SalesLoft Ken Krogue President and Founder of InsideSales.com Jim Keenan Founder and Partner of A Sales Guy Consulting Jon Miller VP of Marketing at Marketo Kyle Porter Founder of SalesLoft Jim Keenan Founder and Partner of A Sales Guy Consulting Page 32100 Sales Tips for 2014 Section Nine: Sales Data
  • 33. Analytics is not just about tools and spreadsheets. It’s about culture. In order for any analysis to be effective, it needs to be part of your culture. If you are not inspecting people’s data in a conspicuous manner on a regular basis, and if you are not integrating it into your pipeline review meetings, your authority as a sales leader will be tenuous at best. Take all the opportunities in the pipeline and add up the number of days they have been there, then divide by the number of opportunities. How long do deals sit in the pipeline? Does the sales rep know when to stop working a deal and close it? Is their pipeline stuffed with “stuff” that just isn’t going to close? Is there a decent ratio between average days in pipeline and average time to close? There should be. Data is the most important asset for any company. Focus on the data first and build the people and processes around that. Create a 360 degree view of the customer and how they are leveraging Salesforce to gain insights. A well-understood sales process is key. It doesn't need to be super-sophisticated at first (you can always fine tune it later). Classifying your pending opportunities in three to four stages will considerably improve economic data quality and reduce pipeline risk. 87 88 89 90Fred Shilmover CEO at InsightSquared Ken Brown AVP of Enterprise Application Development Global CRM at MetLife Thomas Oriol CEO of SalesClic Jim Keenan Founder and Partner of A Sales Guy Consulting Learn about sales data with Data.com in the ebook: Get Your Copy Section Nine: Sales Data
  • 34. Sales and CRM A CRM (Customer Relationship Management) application manages critical customer information so that you can look at it all in one place. It can be used to view contact info, follow up via email or social media, manage tasks, and track your performance, among other benefits. Implementing the right CRM can increase sales efficiency, improve forecast accuracy, and help you close more deals. Page 34100 Sales Tips for 2014 Section Ten: Sales and CRM
  • 35. 91 92 93 94 95 96 Getting more out of your CRM means giving your sales reps more time to sell. Sales 2.0 is a combination of the data, science, metrics, and predictability that inside sales has always been known for, combined with the art of really getting close to our customers and understanding what they are facing in their businesses. Today's inside sales teams must continue to take the lead on embracing and adopting the technology that will help advance the sales process and profession. Record all interactions and all outcomes. Keep your Salesforce account up to the minute. It could be worth a customer. There is incredible power in leading with research and leading with relevance. Start early and do your prep work. Think about your sales processes, what stakeholders need to be involved, and how to manage the rollout, before you start implementing your CRM. Rebecca Wettemann Vice President at Nucleus Research Anneke Seley CEO and Founder of Reality Works Bob Perkins Founder of American Association of Inside Sales Professionals Jeffrey Gitomer Author of 21.5 Unbreakable Laws of Selling Kraig Kleeman Author of The Must-React System Cindy Pogrund EVP of Customer Experience at Ifbyphone Page 35100 Sales Tips for 2014 Section Ten: Sales and CRM
  • 36. Use your CRM to retain customers. If your main contact leaves, and a new, unknown person takes over, your account is in jeopardy -- especially if the new employee doesn't know about your value to his company. Well, if your Salesforce account notes are detailed, you can print your past history and present this information to the new person as evidence of how you conducted your relationship. Time is precious and sales folks don’t have time to dig into a myriad of folders for the right asset. Create folders for the content in your CRM that moves the needle, and use clear naming conventions so your content is easy to find. Organize content efficiently inside your CRM and reps will use it. We all know intuitively that extending CRM to the partner network, integrating other data sources, and leveraging technologies for social collaboration will drive greater returns from your system. The trick is often prioritizing where to start so you're likely to get the greatest bang for your buck. As tempting as it can be to close a sale quickly, the pressure of the price discount is many times what emerges when you close too early. Allow the customer to verbally describe the benefits for which they are looking. This gives you time to expand on them and, in turn, help the customer see the full value of what you offer. 97 98 99Jeffrey Gitomer Author of 21.5 Unbreakable Laws of Selling Rebecca Wettemann Vice President at Nucleus Research Jim Keenan Founder and Partner of A Sales Guy Consulting Jesse Noyes Senior Director of Content Marketing at Kapost Read this ebook for more tips on growing a business with CRM: Get Your Copy 100 Section Ten: Sales and CRM
  • 37. See Demo Get StartedLearn More SALES SOLUTIONS THAT WILL MAKE YOUR BUSINESS MORE PRODUCTIVE If you want to grow your sales and establish a transparent sales process, you need an easy-to-use Customer Relationship Management system. Salesforce allows you to store customer and prospect contact information, accounts, leads, and sales opportunities in one central location. 28%increase in sales 26%improved win rate 36%increased sales productivity