THE CLIENT'S GOAL: Increase Sales Productivity ...not a difficult concept to grasp:
- Close more business, - Get paid for your Value; and - Do it at a lower cost.
Sounds simple, however, the devil's in the details and the execution isn't quite so easy to achieve. Our work often involves in depth Analysis across the Client's Sales and Marketing Processes to benchmark current position and develop opportunities, goals and plans for improvement.
SALES PRODUCTIVITY SERVICES:
INCREASING SALES PRODUCTIVITY Sales Productivity, has two limitations, one external and the other internal: A. External - The size and nature of the Market; and B. Internal - The quantity and quality of the Resources allocated to do the job
OPTIMIZING THE KEY SALES RESOURCE: SALES TIME The single most critical Sales Resource for any company is the Limited Sales Time of the individual sales person. It is at the same time the most limited resource...and often the most expensive. Optimizing that Limited Sales Time is the singe most critical challenge in increasing Sales Productivity.
HOW WE DO IT - INSPECTION - BENCHMARKING - PLANNED GROWTH Our process for improving Sales Productivity involves three steps: 1. Quantify Sales Capacity and Market Fertility 2. Inspect and Evaluate the alignment of Market fertility with Sales Capacity; and 3. Inspect, Benchmark and identify opportunities to increase Sales Productivity through increasing Sales Efficiency and Sales Effectiveness.
Sales Efficiency - Organize the Use of Sales Time - the Rifle vs. the Shot Gun
The Objective: Increase the chances that every moment of sales time is spent in front of a qualified prospect with needs and an appetite to buy.
HOW ? - Increasing Target Market Focus -The ability to Identify, Capture, Segment and Organize around the highest potential market segments; - Know where to point the rifle. - Maximizing qualified "at-bats" - consistently identifying opportunities as they develop in the Market and to being "considered" as a viable solution; Power Prospecting. - Increasing the availability, knowledge and use of Technology and Tools that help to optimize Sales Time - build consistency and quality into planning and follow up.
Sales Effectiveness - The Use of Sales Time - What happens in front of the Customer
The Objective: Increase the "Conversion Rate" and shorten the Sales Cycle by improving Pipeline Management and increasing selling skills.
HOW?
Pipeline Management: Ensuring the steady progress of deals through the sales cycle by tracking the critical KPI's and verifying "evidence of reality" to differentiate between Pipelines...and Pipe Dreams. Cleaning out the deadwood and focusing on moving the best opportunities.
Increasing Selling Skills and Sales Process Knowledge Build Competency and Knowledge in terms of : - The Processes currently in place to achieve the desired result. - The Knowledge base needed to be effective; and - The Competencies required to actually put that knowledge to work
The first step is to Benchmark and then to build tailored development plans for each Sales Person designed to build on their current competency level. Specific Benchmark Measurements compiled for each Sales Person should include:
1. Organizational Skills - The process for organizing and investing their time 2. Sales Process Skills - The Knowledge and Execution of effective Sales Process 3. Knowledge Base - The command and use of the key Sales Knowledge Components:
- Customer Knowledge - Market Knowledge - Product Knowledge - Sales Skills and Process Knowledge
PRACTICAL TOOLS Along the way a number of Practical Tools are developed including:
- How to speak to and Get Paid For Your Value - Everybody on the Same Page/ Same Story - Building Your Value Statements - Aligning Your Value with What The Client Values - Building Sales Content - Languaging for the Sales Process