stop the sales insanity - how 5 simple stages can transform your sales force

25
Stop the Sales Insanity: How 5 Simple Stages Can Radically Transform Your Sales Force Mike Kunkle Founder & Sales Transformation Architect Transforming Sales Results, LLC Philip Levinson Vice President, Product Marketing EdCast Brought to you by: Content from:

Upload: mike-kunkle

Post on 24-Jan-2018

209 views

Category:

Sales


1 download

TRANSCRIPT

Page 1: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Stop the Sales Insanity:How 5 Simple Stages Can Radically

Transform Your Sales Force

Mike Kunkle

Founder & Sales Transformation Architect

Transforming Sales Results, LLC

Philip Levinson

Vice President, Product Marketing

EdCast

Brought to you by:Content from:

Page 2: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Your Host

Follow Phil & His Content

LinkedIn Profile https://www.linkedin.com/in/plevinson/

Twitter https://twitter.com/plevinson

Phil is…VP of Product Marketing at EdCast, working closely with customers that include GE,

HPE, Dell EMC, Accenture, Salesforce and others. He is also a Contributing

Columnist at Business Insider, with recent articles on enterprise sales, enterprise

marketing, customer success and HR.

Phil previously served as VP of Sales for WaterSmart Software and was the first

Advisory Board member of eBay.

EdCast.com

[email protected]

Philip Levinson

VP of Product Marketing

How 5 Stages Can Transform Your Sales Force 2

Page 3: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Your Presenter

Follow Mike & His Content

SMM Webinars http://bit.ly/STSTonSMM

BrightTALK Webinars http://bit.ly/TheSalesExpertsChannel

Blog http://www.transformingsalesresults.com

LinkedIn Publisher http://bit.ly/MikeKunklePublisher

LinkedIn Profile http://www.linkedin.com/in/mikekunkle

Twitter https://twitter.com/mike_kunkle

SlideShare http://www.slideshare.net/MikeKunkle

Google+ https://plus.google.com/+MikeKunkle

Mike is a respected sales transformation strategist and sales

training/sales enablement expert.

He’s spent 22 years as a corporate leader or consultant, helping companies drive

dramatic revenue growth through best-in-class learning strategies and his proven-

effective sales transformation methodologies. Today, Mike is leading Transforming

Sales Results, LLC, writing, speaking, leading webinars, designing sales learning

systems, and guiding clients through all aspects of their sales transformation.

TransformingSalesResults.com

[email protected]

[email protected]

214.494.9950

Mike Kunkle

Sales Transformation Strategist

How 5 Stages Can Transform Your Sales Force 3

Page 4: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Our Plan for Today

• Common traps that prevent companies

from improving sales results

• The Sales Learning System

• The 5 Stages of Sales Behavior

Change

• How EdCast supports sales

performance improvement

• How to design a sales readiness tech stack.

4How 5 Stages Can Transform Your Sales Force 4

Page 5: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Common Sales

Improvement Traps

Page 6: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Common Sales Improvement Traps

• Thinking that investments in tools / technology yield more than investments in people

• Too many initiatives that produce too little return (no focus)

• “Faster, harder, longer” instead of a systems approach

• “Flavor of the month” initiatives (no follow-through)

• Too little frontline sales manager involvement

• Training without a behavior-change plan

• Training content that won’t work, if used.

How 5 Stages Can Transform Your Sales Force 6

Page 7: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Sales Learning System

5 Stages of Behavior Change

Page 8: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Sales Learning System

• Ensure content matters

• Design great learning

• Engage managers

• Sustain knowledge/transfer skills

• Coach to mastery

• Measure for success

• Manage performance

• Lead & manage change

http://bit.ly/4SalesSystems-SalesLearning

How 5 Stages Can Transform Your Sales Force 8

Page 9: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

The 5 Stages of Sales Behavior Change

Stage 1:

Knowledge

Acquisition

Acquire the knowledge behind the skill with examples, and with

assessments/tests to validate learning

occurred.

eLearning, Classroom

Instruction (FTF or

Virtual), Assessments,

Learn something

new.

Stage 2:

Knowledge

Sustainment

Sustain the knowledge;

reverse the “forgetting

curve.”

Q&A, Check-Ins,

Assessments Learning

Reinforcement

Systems

Don’t forget it. Just

because they

learned something,

doesn’t mean

they’ll retain it.

Stage 3:

Skill

Development

Develop and practice

skills. Convert

knowledge into

behavior.

Flipped Classrooms,

Role Playing, Live

Simulations, Virtual

Coaching Tools

Just because they

know and

remember, doesn’t

mean they can do

it.

Stage 4:

Skill

Transfer

Apply the newly-

acquired and practiced

skills in the workplace.

Mentoring and

Preparation to Use

Skills, Forms/Job

Aids/Performance

Support

Just because they

can do it, doesn’t

mean they will.

(Skill/Will Matrix)

Stage 5:

Skill

Mastery

Guide and coach reps

to skill mastery and

performance outcomes,

over time.

Sales Analytics, Field

Training and Coaching,

Coaching Forms and

Tools

Just because they

tried it, doesn’t

mean they did it

well or will

continue to do it.

STAGE:

WHAT:

HOW:

WHY:

How 5 Stages Can Transform Your Sales Force 9

Page 10: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Sales Learning System: Going Beyond the 5 Stages

• Ensure content matters

• Design great learning

• Engage managers

• Sustain knowledge/transfer skills

• Coach to mastery

• Measure for success

• Manage performance

• Lead & manage change

http://bit.ly/4SalesSystems-SalesLearning

• Stage 1

• Stage 1

• Stages 1-5

• Stages 2-4

• Stage 5• Measure for success

• Manage performance

• Lead & manage change

Cementing

into Culture

How 5 Stages Can Transform Your Sales Force 10

Page 11: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Results You Can Achieve

Page 12: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Better Sales Behaviors = Better Sales Results

How 5 Stages Can Transform Your Sales Force 12

• Decreased ramp-up time by: 23%, 34%, 47%, 52% (3-18 months)

• At 120 days, new reps outperformed a control group of 5-year reps by 21% (6 months)

• $398mm YoY revenue increase, $9.96mm net profit increase, and a 400% ROI (12 months).

• Increased sales/rep in the 90 days after training by 2.3/month – avg. increase of $183k/class or $36.6mm/year (9 months)

• Improved average profitability/new reps by 11% (4 months)

• Improved win-rate by 16% (6 months)

• Increased quota attainment by 36% YOY (12 months).

Page 13: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

How EdCast Supports

Sales Performance Improvement

Page 14: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

RAMP TO REVENUE SALES CYCLE

ACCELERATION

INCREASE

REVENUE/CUSTOMER

COACHGUIDEME: IN-APP

TRAINING

KPIs

SALESU CAPABILITIES

SALESU HELPS SALES TEAMS TO RAMP FAST, CLOSE

FASTER

INSIGHTS: CONTEXTUAL

INFO

Page 15: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

CRM GuideMe Coach Insights Close Deals &

Grow Accounts

1 2 3

Interactive

walkthroughs

of customized

versions of key

sales services

(e.g.,

Salesforce,

Apttus,

Steelbrick)

Get daily feed of

relevant

internal/external

content to

enhance

conversations

with prospects/

opportunities

Video coaching

& role-play via

mentors and AI

to perfect pitch

and demo

(amidst

changing

circumstances)

SALES EFFICIENCY STACK FOR THE BUYER JOURNEY

Page 16: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

In-app product training:

● Sales Tools (Salesforce,

Apttus, Steelbrick)

● Your company products (for

SaaS/Software companies)

● Create in any format (In-line

GIF, video, PPT, PDF or GIF)

● Post anywhere (In-line, inside

Salesforce app, Slack, Yammer,

SAP Jam, email)

GUIDEME: IN-APP TRAINING GuideMe

1

Page 17: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

COACH

Role-play & Screencast

on mobile or desktop for

perfecting pitch & demo

● 100% private with

AI-based or

Coaching/Mentor

feedback

● Coaching from

experts

● View all-star demos

● Video livestreaming

Coach

2

Page 18: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Inline Insights at

Opportunity level

Curated Channels

Diverse Data Sources

● Internal (Box, G Drive,

Sharepoint)

● External (WSJ,

Bloomberg, Lynda.com,

HBR, CB Insights)

INSIGHTS: CONTEXTUAL INFO [demo]Insights

3

Page 19: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Go to SalesU.io and

start your free trial.

Thank you.

Contact: [email protected]

EDCAST’S SALESU

Page 20: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Designing a Sales

Readiness Tech Stack

Page 21: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Sales Readiness ensures sales reps and managers are prepared with the competencies and resources needed to engage with

potential buyers and current customers, uncover opportunities, and manage those opportunities to a successful conclusion. That

outcome is achieved through training, knowledge sustainment, skills transfer, coaching to mastery, the strategic use of content, and

sound sales management practices.

for Training for Coaching

Train | Assess | Track Validate | Coach Transfer Support

Sustain | Guide

Inside Sales

“Game Film”

Field Sales

“Game Film”

Sales Asset Mgt. &

Buyer Engagement

1 3

2

4

5a

5b

EPSS / Workflow

Performance Support

for Transfer

Example Sales Readiness Tech Stack

Manager Toolkits

Sales Playbooks

START

Training Content /

Sales Methodology

Digital Transformation

/ IoT Expertise

6

7

Page 22: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Appendix

Stop the Sales Insanity:How 5 Simple Stages Can Radically

Transform Your Sales Force

Page 23: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Appendix: Reading on Mike’s Four Sales Systems

• Part 1, Four Systems Overview: http://bit.ly/4SalesSystems-Overview

• Part 2, Sales Selection System: http://bit.ly/4SalesSystems-Selection

• Part 3, Sales Support System: http://bit.ly/4SalesSystems-SalesSupport

• Part 4, Sales Learning System: http://bit.ly/4SalesSystems-SalesLearning

• Part 5, Sales Management System: http://bit.ly/4SalesSystems-SalesManagement

How 5 Stages Can Transform Your Sales Force 23

Page 24: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

Appendix: Thought Leadership from EdCast

How 5 Stages Can Transform Your Sales Force 24

• Why Your Sales Ramping is Way Too Slow and

How to Accelerate It

https://www.edcast.com/corp/webinar-sales-ramping-

way-slow/

• Does your Company Have a Content Discovery

Problem?

https://www.edcast.com/corp/does-your-company-

have-a-content-discovery-problem/

• 4 Ways Knowledge Networks Minimize Future

Risks for Organizations

https://www.edcast.com/corp/4-ways-knowledge-

networks-minimize-future-risks-organization/

• Why Content Fails: Designing the Learner’s

Experience

http://webinars.futureworkplace.com/webinar/2384

• Solving the Content Discovery Problem https://www.edcast.com/corp/webinar-solving-the-

content-discovery-problem/

Page 25: Stop the Sales Insanity - How 5 Simple Stages Can Transform Your Sales Force

For more information:

Contact Mike / TSR:

THANKS for your time and attention!

www.linkedin.com/in/mikekunkle

www.mikekunkle.com/connect

www.TransformingSalesResults.com

www.linkedin.com/in/plevinson

www.twitter.com/plevinson

[email protected]

Contact Phil / EdCast: