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How a Highly Motivated
            Sales Team Influenced
               the Development of
                   Company Value




                      Vincent Ryan
              Executive Vice President
6/1/2011
                    Sales & Marketing
The ChangingWorlds Story

  How a Highly Motivated Sales
       Team Influenced the
  Development of Company Value

Motivation - the Key to Developing High Performance Sales Teams

                                                       Copyright
                                                       Vincent Ryan – May 2011
Where were we…?



You have a great product idea – in fact you have
                 a great product!




You have done the research – you know there’s
             a market in Europe!




                                          Copyright
                                          Vincent Ryan – May 2011c
The Market...




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                Vincent Ryan – May 2011
Where we were




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                Vincent Ryan – May 2011
Where we really were




Sales Team of Two

      With

 NO REFERENCES
 NO CUSTOMERS




                                Copyright
                                Vincent Ryan – May 2011
Where we needed to be




Entrenched
in European
   Market
   Place:




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                                      Vincent Ryan – May 2011
ClixSmart Intelligent Portal - Footprint




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                                 Vincent Ryan – May 2011
Company profile
•   ChangingWorlds was founded in 1999
    # $6M in total funding

•   Sales offices in Ireland, US & Asia

•   Development Centres in Ireland & Malaysia

•   Strong culture of Innovation

•   Dedicated focus on Personalization
    # Strong relationship with University College Dublin

•   Profitable since 2004

•   Over 60 customers globally

•   Acquired by Amdocs in December 2008 - $80 million




                                                           Copyright
                                                           Vincent Ryan – May 2011
How did we get there…?




 Naturally a compelling proposition and
  technology…..delivered to the Market
               through an
Integrated Sales and Marketing Process




                                    Copyright
                                    Vincent Ryan – May 2011
However...


How did we motivate people to come with
           us on this journey?



Not just that – how did we get anyone to
          join us in the first place?




                                   Copyright
                                   Vincent Ryan – May 2011
Core motivation


   We would become the leading mobile
      personalization company in the
                  world

We needed to find the best talent that would
              get us ALL there

                   How?

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                                      Vincent Ryan – May 2011
The factors




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              Vincent Ryan – May 2011
• From the start everyone knew:

  – what we were all going to achieve
  – what their role and deliverable in that
    achievement would be


• A bit like sport really!




                                              Copyright
                                              Vincent Ryan – May 2011
Copyright
Vincent Ryan – May 2011
Proposition


     First Step

  Our Proposition

Our Reason for Being




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                       Vincent Ryan – May 2011
The Value Proposition



• The Sales Process will not function without
  a compelling Value Proposition


• How did our proposition impact
  motivation?




                                       Copyright
                                       Vincent Ryan – May 2011
Service Personalization Proposition




                     Usability of Mobile Internet
                        80% of all content on portal is
                        invisible due to subscriber
                        usage tolerance




                                        Copyright
                                        Vincent Ryan – May 2011
Service Personalization Proposition


                                Revenue Benefits
                                Strategic Benefits
                                Operational Benefits




                   1. 2                                                   25




                     1

                                                                          20




                   0. 8



                                                                          15




                   0. 6




                                                                          10



                   0. 4




                                                                          5

                   0. 2




                     0                                                    0

                          Jan    Feb   M ar   A pr       M ay       Jun




                                                     Copyright
                                                     Vincent Ryan – May 2011
Building on the proposition


                                Revenue Benefits
                                Strategic Benefits
                                Operational Benefits




          160
          140
          120
          100                                   Static Base
          80
          60                                    Trial/Deployment
                                                Increase
          40
          20
           0
                2   3   4   5     6   7   8


                                              Copyright
                                              Vincent Ryan – May 2011
What did we do?

• We took advantage of the core technology culture
  in everything we did
• The proposition was our message externally and
  internally
• Everyone had a role to play in delivering our
  proposition
• We used the language of science and innovation
• We got the best people!
• ....we used an integrated sales and marketing
  process



                                           Copyright
                                           Vincent Ryan – May 2011
Gate 1



Everyone understood what we did

Everyone understood their role




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                                  Vincent Ryan – May 2011
An Integrated Sales Process


 Your most valuable asset
       Your time!




                            Copyright
                            Vincent Ryan – May 2011
Everyone bought into the
     Sales Process




                           Copyright
                           Vincent Ryan – May 2011
Health Warning




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                 Vincent Ryan – May 2011
Unfocused Sales Effort

       ...can be THE
  most wasteful activity a
  start up can engage in

AND the most de-motivating
    for the sales team



                             Copyright
                             Vincent Ryan – May 2011
Clear Sales & Marketing Strategy


• We quickly defined our key market – most pain
  most to gain

• Proposition Based and ROI Models were essential

• Everyone bought into this approach

• Reference customer based – first flags were key
  to our success

• Execution key - an Integrated Sales and
  Marketing Strategy

                                            Copyright
                                            Vincent Ryan – May 2011
Sales & Marketing Strategy

• Working from the beginning – hand in glove – with the
  technology teams

• Qualified every expenditure tightly

• We wanted to and did build a real business

• Our marketing spend was focused on making customer
  progress

• We focused defined and refined our message

• The sales team knew what they needed to do


                                                   Copyright
                                                   Vincent Ryan – May 2011
Sales Process Keys

• We were field and market led
• We learnt from the journey – virtuous circle
• Everyone knew how they were doing
  – Communication, feedback, communication
• Our incentive programmes were part of our
  process
• Innovation and Personal growth was in the DNA




                                             Copyright
                                             Vincent Ryan – May 2011
Gate 2

Everyone understood what we did
Everyone understood their role


How we did it
How they could contribute
How they were doing




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                                  Vincent Ryan – May 2011
It worked......




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                  Vincent Ryan – May 2011
Then came 2005




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          Vincent Ryan – May 2011
Our next big challenge...




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                            Vincent Ryan – May 2011
Our big challenge


• Asia and the Americas

• How to maintain our
  culture

• Motivate a bigger
  team




                              Copyright
                              Vincent Ryan – May 2011
• We set up two new regions with offices in San
  Francisco and Kuala Lumpur

• Again, we got the right people who wanted to
  make a difference, bought into the culture,
  proposition and the process

• It worked......




                                           Copyright
                                           Vincent Ryan – May 2011
We needed to be




                  Copyright
                  Vincent Ryan – May 2011
Leading Personalized Mobile Portal




                                Copyright
                                Vincent Ryan – May 2011
This delivered




Real Company Value




                         Copyright
                         Vincent Ryan – May 2011
Where are we now?

• Over 60 large Enterprise Clients

• Strong presence in Europe

• 9 Clients in Asia – major breakthroughs in North
  America

• Office in Dublin, Kuala Lumpur and San Francisco

• Working with the market to enhance the
  proposition


                                            Copyright
                                            Vincent Ryan – May 2011
How many Sales People are in
     ChangingWorlds?




                         Copyright
                         Vincent Ryan – May 2011
150!


Thank you very much




                      Copyright
                      Vincent Ryan – May 2011

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National conference 2011 vincent ryan - amdocs corporation (26.05.11)

  • 1. How a Highly Motivated Sales Team Influenced the Development of Company Value Vincent Ryan Executive Vice President 6/1/2011 Sales & Marketing
  • 2. The ChangingWorlds Story How a Highly Motivated Sales Team Influenced the Development of Company Value Motivation - the Key to Developing High Performance Sales Teams Copyright Vincent Ryan – May 2011
  • 3. Where were we…? You have a great product idea – in fact you have a great product! You have done the research – you know there’s a market in Europe! Copyright Vincent Ryan – May 2011c
  • 4. The Market... Copyright Vincent Ryan – May 2011
  • 5. Where we were Copyright Vincent Ryan – May 2011
  • 6. Where we really were Sales Team of Two With NO REFERENCES NO CUSTOMERS Copyright Vincent Ryan – May 2011
  • 7. Where we needed to be Entrenched in European Market Place: Copyright Vincent Ryan – May 2011
  • 8. ClixSmart Intelligent Portal - Footprint Copyright Vincent Ryan – May 2011
  • 9. Company profile • ChangingWorlds was founded in 1999 # $6M in total funding • Sales offices in Ireland, US & Asia • Development Centres in Ireland & Malaysia • Strong culture of Innovation • Dedicated focus on Personalization # Strong relationship with University College Dublin • Profitable since 2004 • Over 60 customers globally • Acquired by Amdocs in December 2008 - $80 million Copyright Vincent Ryan – May 2011
  • 10. How did we get there…? Naturally a compelling proposition and technology…..delivered to the Market through an Integrated Sales and Marketing Process Copyright Vincent Ryan – May 2011
  • 11. However... How did we motivate people to come with us on this journey? Not just that – how did we get anyone to join us in the first place? Copyright Vincent Ryan – May 2011
  • 12. Core motivation We would become the leading mobile personalization company in the world We needed to find the best talent that would get us ALL there How? Copyright Vincent Ryan – May 2011
  • 13. The factors Copyright Vincent Ryan – May 2011
  • 14. • From the start everyone knew: – what we were all going to achieve – what their role and deliverable in that achievement would be • A bit like sport really! Copyright Vincent Ryan – May 2011
  • 16. Proposition First Step Our Proposition Our Reason for Being Copyright Vincent Ryan – May 2011
  • 17. The Value Proposition • The Sales Process will not function without a compelling Value Proposition • How did our proposition impact motivation? Copyright Vincent Ryan – May 2011
  • 18. Service Personalization Proposition Usability of Mobile Internet 80% of all content on portal is invisible due to subscriber usage tolerance Copyright Vincent Ryan – May 2011
  • 19. Service Personalization Proposition Revenue Benefits Strategic Benefits Operational Benefits 1. 2 25 1 20 0. 8 15 0. 6 10 0. 4 5 0. 2 0 0 Jan Feb M ar A pr M ay Jun Copyright Vincent Ryan – May 2011
  • 20. Building on the proposition Revenue Benefits Strategic Benefits Operational Benefits 160 140 120 100 Static Base 80 60 Trial/Deployment Increase 40 20 0 2 3 4 5 6 7 8 Copyright Vincent Ryan – May 2011
  • 21. What did we do? • We took advantage of the core technology culture in everything we did • The proposition was our message externally and internally • Everyone had a role to play in delivering our proposition • We used the language of science and innovation • We got the best people! • ....we used an integrated sales and marketing process Copyright Vincent Ryan – May 2011
  • 22. Gate 1 Everyone understood what we did Everyone understood their role Copyright Vincent Ryan – May 2011
  • 23. An Integrated Sales Process Your most valuable asset Your time! Copyright Vincent Ryan – May 2011
  • 24. Everyone bought into the Sales Process Copyright Vincent Ryan – May 2011
  • 25. Health Warning Copyright Vincent Ryan – May 2011
  • 26. Unfocused Sales Effort ...can be THE most wasteful activity a start up can engage in AND the most de-motivating for the sales team Copyright Vincent Ryan – May 2011
  • 27. Clear Sales & Marketing Strategy • We quickly defined our key market – most pain most to gain • Proposition Based and ROI Models were essential • Everyone bought into this approach • Reference customer based – first flags were key to our success • Execution key - an Integrated Sales and Marketing Strategy Copyright Vincent Ryan – May 2011
  • 28. Sales & Marketing Strategy • Working from the beginning – hand in glove – with the technology teams • Qualified every expenditure tightly • We wanted to and did build a real business • Our marketing spend was focused on making customer progress • We focused defined and refined our message • The sales team knew what they needed to do Copyright Vincent Ryan – May 2011
  • 29. Sales Process Keys • We were field and market led • We learnt from the journey – virtuous circle • Everyone knew how they were doing – Communication, feedback, communication • Our incentive programmes were part of our process • Innovation and Personal growth was in the DNA Copyright Vincent Ryan – May 2011
  • 30. Gate 2 Everyone understood what we did Everyone understood their role How we did it How they could contribute How they were doing Copyright Vincent Ryan – May 2011
  • 31. It worked...... Copyright Vincent Ryan – May 2011
  • 32. Then came 2005 Copyright Vincent Ryan – May 2011
  • 33. Our next big challenge... Copyright Vincent Ryan – May 2011
  • 34. Our big challenge • Asia and the Americas • How to maintain our culture • Motivate a bigger team Copyright Vincent Ryan – May 2011
  • 35. • We set up two new regions with offices in San Francisco and Kuala Lumpur • Again, we got the right people who wanted to make a difference, bought into the culture, proposition and the process • It worked...... Copyright Vincent Ryan – May 2011
  • 36. We needed to be Copyright Vincent Ryan – May 2011
  • 37. Leading Personalized Mobile Portal Copyright Vincent Ryan – May 2011
  • 38. This delivered Real Company Value Copyright Vincent Ryan – May 2011
  • 39. Where are we now? • Over 60 large Enterprise Clients • Strong presence in Europe • 9 Clients in Asia – major breakthroughs in North America • Office in Dublin, Kuala Lumpur and San Francisco • Working with the market to enhance the proposition Copyright Vincent Ryan – May 2011
  • 40. How many Sales People are in ChangingWorlds? Copyright Vincent Ryan – May 2011
  • 41. 150! Thank you very much Copyright Vincent Ryan – May 2011