Visibility versus Productivity what does your Sales Tracking System provide?

Many times sales management does a stack ranking of their sales teams.  I myself have been involved in these quarterly exercises.  It’s always interesting because most of the time it’s the top performers who are stacked on top.  What gets interesting is the line-up below them.  Is the new rep who shows lots of promise ahead of the more seasoned rep who doesn’t close as much rated higher – not a good sign for the seasoned rep’s longevity.

What’s even more interesting is when asked why someone is rated higher than another is his/her manager’s response to the question.  He does more cold calling, or she has a better sales process, his sales pipeline is higher or she is better at lead generation.  Most of the answers are very subjective without a lot of cognizant data to support the opinion.

We at Jesubi for the past couple of years have discussed how our CRM solution helps sales reps be more productive.  Our clients have seen upwards of 200% more productivity as measured by total sales activity.  You can check out a quick video on our Total Activities report which is one way a rep can be compared to his or her peer group.  What’s been interesting is when clients get in and start utilizing Jesubi they like the productivity gains, but they love the visibility that reports like our Total Conversations report provide management.  The ability to know how every conversation is going is utopian for most sales management.  It is just very difficult to capture.

Most owners of companies want their sales teams to sell more, the hard part is understanding where to focus those efforts.  By enabling more visibility to sales management and the right kind of visibility, businesses should be able to do the right things to help their sales reps handle objections better, forecast more accurately and ultimately sell more.

As the owner of the sales pipeline it’s important to recognize that you can’t increase the pipeline dramatically by ownly focusing on the pipeline it’s everything sales does before an account enters the pipeline that will drive the increase.

 

 

Visibility versus Productivity what does your Sales Tracking System provide?

Many times sales management does a stack ranking of their sales teams.  I myself have been involved in these quarterly exercises.  It’s always interesting because most of the time it’s the top performers who are stacked on top.  What gets interesting is the line-up below them.  Is the new rep who shows lots of promise ahead of the more seasoned rep who doesn’t close as much rated higher – not a good sign for the seasoned rep’s longevity.

What’s even more interesting is when asked why someone is rated higher than another is his/her manager’s response to the question.  He does more cold calling, or she has a better sales process, his sales pipeline is higher or she is better at lead generation.  Most of the answers are very subjective without a lot of cognizant data to support the opinion.

We at Jesubi for the past couple of years have discussed how our CRM solution helps sales reps be more productive.  Our clients have seen upwards of 200% more productivity as measured by total sales activity.  You can check out a quick video on our Total Activities report which is one way a rep can be compared to his or her peer group.  What’s been interesting is when clients get in and start utilizing Jesubi they like the productivity gains, but they love the visibility that reports like our Total Conversations report provide management.  The ability to know how every conversation is going is utopian for most sales management.  It is just very difficult to capture.

Most owners of companies want their sales teams to sell more, the hard part is understanding where to focus those efforts.  By enabling more visibility to sales management and the right kind of visibility, businesses should be able to do the right things to help their sales reps handle objections better, forecast more accurately and ultimately sell more.

As the owner of the sales pipeline it’s important to recognize that you can’t increase the pipeline dramatically by ownly focusing on the pipeline it’s everything sales does before an account enters the pipeline that will drive the increase.

Visibility versus Productivity what does your Sales Tracking System provide?

Many times sales management does a stack ranking of their sales teams.  I myself have been involved in these quarterly exercises.  It’s always interesting because most of the time it’s the top performers who are stacked on top.  What gets interesting is the line-up below them.  Is the new rep who shows lots of promise ahead of the more seasoned rep who doesn’t close as much rated higher – not a good sign for the seasoned rep’s longevity.

What’s even more interesting is when asked why someone is rated higher than another is his/her manager’s response to the question.  He does more cold calling, or she has a better sales process, his sales pipeline is higher or she is better at lead generation.  Most of the answers are very subjective without a lot of cognizant data to support the opinion.

We at Jesubi for the past couple of years have discussed how our CRM solution helps sales reps be more productive.  Our clients have seen upwards of 200% more productivity as measured by total sales activity.  You can check out a quick video on our Total Activities report which is one way a rep can be compared to his or her peer group.  What’s been interesting is when clients get in and start utilizing Jesubi they like the productivity gains, but they love the visibility that reports like our Total Conversations report provide management.  The ability to know how every conversation is going is utopian for most sales management.  It is just very difficult to capture.

Most owners of companies want their sales teams to sell more, the hard part is understanding where to focus those efforts.  By enabling more visibility to sales management and the right kind of visibility, businesses should be able to do the right things to help their sales reps handle objections better, forecast more accurately and ultimately sell more.

As the owner of the sales pipeline it’s important to recognize that you can’t increase the pipeline dramatically by ownly focusing on the pipeline it’s everything sales does before an account enters the pipeline that will drive the increase.

We all want to be a “Partner” to our clients instead of a “Vendor”, but what does that mean?

We continually hear about forming partnerships, being partners with our clients and being in win-win situations.  What does all of this mean and how can we become true partners in order to increase our footprint, have higher client retention rates and equally as important….gain referrals from our clients?

In order to understand what makes a company-to-company relationship a partnership vs. a vendor-client relationship, you need to ask yourself a few simple questions.

  • Do I offer services and products to my clients that are really in their best interest?
  • Do I spend a significant % of my time understanding my client’s goals and objectives in order to help them meet those objectives?  Even if it means selling them less in the immediate future?
  • Am I regularly putting myself in a consultative role with my clients so they can count on me for strategic guidance?

Those questions are just the tip of the iceberg.  Being in the CRM world and always striving to offer my clients more than just software, it is CRITICAL to be a consultant and a partner to my clients.

I, along with the rest of my team, am always striving to provide our clients with more.  More than just software that helps give them added efficiencies in their prospecting efforts, we go above simply offering them some of the most empirical data on their prospecting campaigns.  We take it to the next level in every interaction to ensure that they understand HOW to use our software and enable them and their sales teams to truly be more effective and efficient.  We identify trends in their prospecting efforts to assist in their future outbound campaigns to ensure they are utilizing the Jesubi application to its greatest ability.  That is what makes companies partners vs. vendors.  It’s doing the right thing and it’s keeping our client’s best interest in mind at all times.

Who are you to your clients and who do you want to be?

 

Sales Pipeline Management System – 53% Operate “Ad-hoc”

Amazingly, with all the technology available to track sales performance, a majority of executives report to manage their organizations with an ad-hoc sales process.  In the Sales Management 2.0 eBook, Jim Dickie of CSO Insights surveyed over 3,000 companies to find that “when asked to describe the sales methodology in place, 52.9% reported random or informal processes.  That is a huge problem for sales managers.”  In the same study, one-third of companies overviewed reported tracking the sales pipeline using spreadsheets, another 45% use the capabilities of their CRM system.

A couple major issues jump out from this information.  First, spreadsheets or CRM as a sales pipeline management system will only provide lagging indicators.  Both platforms require significant data input, data manipulation, then data verification.  Analysis occurs post-facto, and not in an automated or real-time fashion.  Secondly, the ad-hoc nature of traditional CRM does not lend itself to real-time or real world analysis of the sales pipeline.  By ad-hoc, I’m referring enterprise CRM allowing the user to originate, disposition and generate pipeline activities in a random or informal method.  How a user contacts a prospect, when they contact the prospect, how often they contact, and the methods for dispositioning sales prospecting activities and information is completely up to the individual user.  Hard to instill a strong culture of pipeline and prospect development with an ad-hoc process & CRM platform.

With all this “artful” selling going on, how can a sales executive effectively manage the pipeline development process?  CSO Insights recognizes that managers with a group of 7 reps may “need to speak 7 different languages” to find out what is going on in their pipeline using traditional methods, and suggest that “we need to bring more science to the art of sales.”  How?  By getting “all your reps on the same page, train them on a single way to engage and develop prospects, give them the right tools that support that process.”

This is what we at Jesubi refer to as “systematic selling”. We believe that science can be applied to many aspects of selling and organizations that manage a culture of accountability can receive significant results in their pipeline development.  Jesubi customers are seeing 50-300% productivity gains for outbound activities in their pipeline development process.  Managers receive detailed, granular reports on activities, conversation results and their prospecting velocity – measuring the intricacies of the sales process for pipeline development activities to levels never before seen in traditional CRM tools.

By having this substantial level of detail, sales processes for pipeline development can be monitored and managed real-time by sales and marketing managers and contributors.  In the same Sales Management 2.0 eBook, Kevin Joyce of Miranda Technologies recommends “continually optimizing the process requires a very high degree of sales and marketing alignment, which is missing from too many companies”.  A sales tracking system built on a systematic selling platform can provide this heightened level of accountability, integration and alignment.

Perhaps if companies diminished the ad-hoc nature of their sales process and adopted systematic selling methodologies, their pipeline development process would scale to new heights as well.

 

How to choose a B2B appointment setting firm

There are lots of linkedin requests for help selecting a B2B appointment setting firm.  Numerous linkedin groups were built around B2B appointment setting, lead generation and demand generation.

Most replies to those requests are self serving i.e. check out my company we work with lots of other companies, or we do email marketing better and we can nurture your leads better than anybody else.  In a few cases you will actually hear customer references that state here’s how someone helped me drive more revenue to our pipeline.

Jesubi’s solution is in use by 100′s of B2B lead generation reps at several different outsourced vendors around the nation.  They must be doing something right as they are the fastest growing customer segment we have today.  The interesting thing about all of them is the degree of professionalism that exists within their teams.  Some focus on large enterprise class customers, some work with smaller companies trying to figure out the landscape they need to play in.

In the course of our discussions we’ve also talked to a lot of other companies who hang a shingle out and say “We do appointment setting” for companies like yours.  In the spirit of entrepreneurship, anybody can incorporate and begin trying to set appointments for clients.  In many cases how they intend to do that isn’t really transparent to the customer.

Here’s some things everyone should think about when it comes to choosing an outsourced B2B appointment setting firm:

1)  Full transparency – yes you want meetings for your sales teams but if in the course of setting 10 meetings for you your outsourced firm has conversations with 1000 other prospects and because they don’t represent your brand or product well those 1000 walk away with a jaded view of you.  What’s going to happen when one of your field reps calls into that account and they say we just talked to you 30 days ago, we know what you do and we’re not interested.  How long does it take to recover?  In a full transparency mode, you not only see the people that your vendor talked to and set a meeting for you but you also see the people who they talked to who weren’t interested – which to me is just as important if not more so.

2 ) Pay for performance – There are two types of models in the B2B appointment setting world - pay for performance i.e. buy appts at $ 400 or $ 600 or $ 800 per appointment and pay by the hour where you are actually hiring a few reps who work on your behalf and they are managed and paid by the outsourced vendor.  The thing that always puzzled me about pay for performance is how can someone know they can sell you an appt for X dollars.  My question to you is if one of your best reps called for 40 hours per week for 4 weeks how many meetings could he or she set.  In most cases nobody knows.  If you can’t know how many meetings your best rep can get how would you guarantee success if you were the vendor?  One of the major vendors who uses a pay for performance methodology won’t let clients see the list they are calling into, won’t share the message they are using, won’t give the client anything except a meeting time and place and won’t confirm who the meeting is with until 24 hours before.  Is this the way you want to interact with your clients in a total secretive manner?  In another case, I asked a vendor who used a pay for performance model how they could sell appointments for $ 695 a piece without really knowing the demand for a specific product.  What they explained shocked me – they said “we sell appointments, when we get a new contract the first thing we do is mine our database of existing people we have set meetings with because we have found that if we’ve set one meeting with them there is a propensity to set another”  my reply was don’t your existing clients find that disingenuous – The response “We sell appointments it is up to our clients to figure out what to do with the prospect when they get there” – Is this the kind of prospect you want your sales team calling on someone who will take a meeting because they have time to kill?

3 ) Dedicated team versus a pool of reps.  Some outsourced vendors dedicate specific team members to your project while others will distribute work across whoever is available.  If the vendor is an extension to your team do you want “dedication” or a “pool”.  Make sure you know which type of vendor your dealing with.

4 ) Technology in place to capture team efforts.  Some vendors will call in your SFA solution some have invested in their own that optimize their teams efforts.  Others make little or no investment having their remote teams call via excel spreadsheets or paper and pen.  If your vendor isn’t willing to invest in their team how much or they going to invest in making sure their team knows your products, competition and overall landscape.

I am sure there are lots more to discuss in choosing a vendor but these 4 hot buttons of mine seem to resonate when talking with clients about B2B appointment setting.  Feel free to add more to the list

How do I capture the “beginning of the year” motivation my sales team has?

So it’s the beginning of the second month, of the first quarter of the new year!  How do we capture the motivation and excitement that most of us, including our sales teams, have to make this an even stronger year than last?

We all begin the year with high hopes of generating and closing the best sales, of far exceeding the goals we have set for ourselves and for our company.  How do we keep our team motivated moving forward?

Some of these things may seem obvious but the key is in the execution:

1.  Set clearly defined goals and expectations for the group and the individual

In the Jesubi sales application we use, tracking those goals and expectations is simple.  Once the goals are set and follow up meeting are scheduled, the software does the rest of the work by measuring things like:  number of calls taken to schedule an appointment, number of  appointments, Opportunities and forecasts.  There is nothing better than being able to go back to my team with a clear path of how they were able to achieve success and then celebrate that success.  If they were not able to reach their goals, Jesubi gives me the power of analytics to understand what they were doing and how they might do things differently in order to reach a more positive outcome. Again, keeping the sales rep motivated by providing data that matters.

2.  Share success stories with the team

Sharing wins and successes with your team helps motivate others to reach those same outcomes.  Most sales people are inherently competitive and are driven by their peers.  They want to be #1 so by sharing someone else’s success, it gets their competitive juices flowing.  On the same point, if it is their success story that you’re sharing, they are proud and want to stay in that #1 position which will motivate them to have repeat behavior.

3.  Keeping your team happy!

I was recently reading an article in Smart Money magazine entitled “Upbeat Workers, Upbeat Investors.”  The article peaked my interest because I have always believed it is not only important to be successful at work, but to also be happy at work.  According to the article, “A National Bureau of Economics Research paper issued in September reported that “dispositional optimists” experience significantly better job outcomes than pessimists with similar skills.”

When you are gearing up for your next sales or town hall meeting, think about what you can do to make it more FUN for your team.  Remember, one of the easiest ways you can keep your team motivated is to keep them happy and enjoying what they do every day!

Sales Process – Do You Really Have It?

Just about everything to do with the marketing hand-off to sales and all subsequent sales activities through to deal closure is called sales process.  Companies focused on a lifetime value of customer model view this initial deal closure activity and the (hopeful) many years of incremental sales as the complete sales process.  Regardless of your view, it’s fair to say that there are also many sub-processes within an organization’s overall sales process.  Some may be market, channel, product or geography specific, but processes within the sales process exist.  To some extent the sales process is synonymous with the sales funnel, and many have depicted a multi-funnel aspect to the overall process.

Process Improvement Model
An article in the New Sales Economy Blog provided a great definition for sales process, composed of 3 elements:

  1. A standard workflow
  2. Division of labor (specialization)
  3. Centralized workflow management

This is nothing unique.  These 3 characteristics are actually some of the primary tenets used by manufacturers and producers over the past 40+ years to re-engineer their production process – the disciples of W. Edwards Deming, Total Quality Management, Six Sigma, The Toyota Way (Kaizen), etc.  Problem is, very few sales organizations have gone to the extent that their manufacturing counterparts have to re-engineer process, most sales groups still operate as ad-hoc as ever.  But what Deming did for the Japanese production model and Jack Welch did at GE, can and should be applied to modern day sales organizations.

A Standard Workflow – Numerous sub-processes exist within the overall sales process and most can be managed with standardized workflows.  A standard workflow basically means the automation of routine tasks, with detailed reporting to continually optimize the workflow processes, minimize errors, promote best practices, and create better and repeatable processes for constant improvement – a Six Sigma for Sales if you will.  Many technologies are now available to address specific process improvement such as email marketing platforms and marketing automation solutions addressing top of funnel lead generation activities.  Specialized SFA solutions for mid-funnel lead qualification, pipeline development and prospecting efficiency are gaining fast acceptance.  Niche products for forecasting and opportunity analysis are being deployed for late funnel management capabilities.  Automation, tracking and optimization for account management (post sale cross-sell/up-sell), and renewal contract reps are being implemented rapidly.  The tools are there to make this a reality for sales organizations.

Division of Labor – Sales organization’s in this Sales 2.0 world are stratifying their teams by sales development specialty.  Gone are the days of the marketing department pumping out leads to the bag carrying field rep.  Sales development specialists include lead generation reps handling the lead nurturing and qualification activities in the early pipeline stages; inside sales teams handling market specific deal management (SMB, geo, other) or appointment setting for outside sales reps; account management teams are focusing on cross-sell/up-sell of products and services to an existing client base in addition to customer service responsibilities.  This specialization or focus of specific individuals to specific sales process is ideal for the implementation of new technologies that help create, manage and refine the workflows that can optimize the resources and productivity of these individuals.

Centralized Workflow Management – Do you have a data hub that can track, manage, refine and optimize all the sub-processes and workflows in your overall sales process?  Can you manage this information real-time, cross division or organization or geography?  Can managers and senior executives determine quickly and easily where bottlenecks or opportunities reside in workflows and sales processes?  Many will say this is the intent of their CRM – but is your CRM platform really delivering this type of insight and manageability?

The capabilities are there.  It’s time for sales to join the process revolution.

SFA or CRM ? Most Want Sales Force Automation

Nutshell CRM
It seems like the acronym CRM is largely misused when discussing sales tools and platforms with executives of large enterprises and owners of SMB companies.  Over and again I hear these individuals discussing CRM in reference to the technology used by their sales teams for lead generation, prospect qualification and opportunity management.  But the CRM system is only used by sales – and that means we’re really talking about sales force automation technology.

This disconnect occurs because many sales technology providers refer to their solution as CRM, but really it’s not.  This is primarily due to the herd mentality of companies wanting to be considered a player in a large multi-$B enterprise market space.  And the major enterprise players like Oracle/Siebel, SAP, Microsoft and now even Salesforce.com have popularized the CRM acronym to the extent that many of the new players feel compelled to wave the CRM software flag over their technology.

When you Google the definition of CRM, 10,000’s of responses come up, and it is clear there is no universal definition of Customer Relationship Management.  In fact the majority will agree that CRM is a business strategy, and not a technology platform.  A businesses CRM strategy may be enabled by certain technologies, but this is not a requirement.

And when CRM is defined in terms of a technology platform, it is referred to as a database or repository for a company’s interactions with their customers, including an organizations marketing, sales, customer service and technical groups.

That’s why I believe many executives think they are looking for a CRM solution, when what they really need is sales force automation capabilities.  CRM is a boiling down the ocean thing, a forever strategy that is never perfected and will be extremely costly in terms of corporate lives and dollars.  But SFA can be accomplished quickly, easily and with very near-term payback.

It’s clear that many organizations are interested in automating and standardizing the methods by which they conduct their top of sales funnel activities; this is being handled by a host of new and fast growing companies that deliver marketing automation solutions.

Likewise companies are looking for tools to enable more streamlined, automated and optimized lead qualification and sales pipeline development capabilities for mid-funnel activities.  This is where SFA begins, and continues through to opportunity management (where enterprise CRM may pick up).  We call this Total Funnel Management at Jesubi; when you automate and optimize early funnel activities (lead generation), coupled with streamlined processes for prospecting and lead qualification mid-funnel, directed to opportunity management late in the sales funnel.

The reality is that enterprise CRM platforms are not equipped to handle this level of automation for a total funnel management strategy.  Enterprise CRM was architected to be a repository/database for storing information and activity history for customer interactions, with reporting and dashboards.   Enterprise CRM was not designed with end user productivity in mind, and typically fails at any measurable type of automation capabilities.  As these systems get bigger and loaded with functionality and module bloat, they move even further away from sales force automation as they require more screen jumping & navigation, significant data input and ad-hoc manipulation by end-users, and increasing administrative requirements to maintain, update, integrate and enhance the platform.

Sales executives and SMB founders that we talk to want simple & fast systems to deploy.  They want ease of use at the get go, with minimal to no training; a system that is easy to configure and update, with integrations to their marketing automation systems — and sometimes integration to legacy CRM platforms if they extend to customer support and technical ops.  Most importantly they want a system that allows them to automate and manage their selling campaign activities and sales processes, with detailed reporting that allows them to continually optimize these capabilities … they want sales force automation.

Sales Prospecting – Is a Sales Rep Really Responsible for this Today?

I had conversations with two VP’s of Sales recently.  Both were in a very competitive industry with 100′s of suppliers competing for marketshare with their customers.  Both currently use Salesforce.com for opportunity management.

In the course of these discussions we got on the subject of cold calling and what percentage of time a rep should be responsible for hunting in his or her own territory.  In the first conversation, the VP of Sales said “I never want my sales team prospecting.  It is marketing’s job to do lead generation for my team.  If they don’t have enough to call on it’s marketing’s fault.”  How many marketers out there have heard this before?  The questioning look I got from him said I didn’t get it.  He looked at me and said “why would I want my most expensive sales resource making cold calls.”  I replied with “what happens when they don’t have enough opportunities to work on” and once again his reply was “that’s marketing’s problem.”

Two hours later I met with the second VP of Sales and when we got on the same conversation about sales prospecting and cold calling by sales reps his thoughts were at the opposite end of the spectrum.  He said “sure I’d love for my team to only be working on opportunities but if that were the case then I don’t have enough sales reps.  I’d like to see them with a 50/50 balance.  50% of their time prospecting for new opportunities and 50% of their time closing the opportunities that they’ve got in their pipeline.”  He went on to say that he had practiced persistency in his own prospecting efforts when he carried a bag.  He’s now led several high growth tech companies to wildly successful outcomes with that same process.  He deployed Jesubi specifically for the ability to implement this process and to enable his sales team, so when hunting they now will do it several times more efficiently and productively than can be done with any other CRM tool.

The most interesting fact in the above conversations is while these two VP’s of Sales are competing in the same space with similar offerings and competing primarily on cost advantages, one of the companies is growing at an exponential vector.  I’ll let you figure out which one.

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