Monday, 9 May 2016

6 Important Sales Enablement Criteria

Original article: 6 Important Sales Enablement Criteria 



It might be time to revise your sales enablement framework and practices since, as Bob Dylan sang, “Times, they are a changin” and the sales team is changing with it.


Here’s how leading analyst firm SiriusDecisions defines the term:
“Sales enablement’s goal is to ensure that every seller has the required
knowledge, skills, processes and behaviors to optimize every
interaction with buyers.” In other words, how can I make all the stars
align in order to give me the best chance of closing a deal?


sales-enablement


Let me share with you the 6 criteria for a modern sales enablement framework:


#1) Target the Right Prospects


Let’s be frank here, modern sales enablement requires a fair bit of
work and patience. So it can be extremely frustrating when sales
people’s lead nurturing efforts are directed at the wrong buyers – i.e.
prospects who aren’t ready to buy, or worse – aren’t interested in what
you’re selling.


Sales people want to be sure that all their efforts are focused on those who are most likely to buy from them.


If this is a concern in your sales department then it may be
worthwhile to outsource your lead generation. When you outsource your
lead generation, you turn over the responsibility to specialists. It’s
their core business, it’s what they do. Having more access to better
quality data and qualification methods, lead specialists can uncover
leads that perhaps your own sales team would never discover – usually at
a lower cost than internal sales techniques. So your sales team will
only be targeting the most influential sales leads so they can start
nurturing these valuable prospects.


#2) Align your Sales and Marketing Team’s Activities


Sales enablement straddles the worlds of marketing and sales. When
sales enablement is carried out in the right way, both departments offer
input on how to arm salespeople to have the right conversations with
the right people at the right time on the right channels.


Traditionally, support for sales teams has concentrated on the end of
the buyer’s journey, when prospects are actively evaluating solutions.
But in today’s world, sales people need to hold conversations throughout
the whole buyer’s journey – even before they are aware that they have a
business issue in need of solving. Because let’s be real, not everyone
at a conference or on LinkedIn is ready to make a purchase. There can no
longer be a disconnect between sales and marketing teams. When
disconnected, generating quality leads can often be low,
leading sales people to complain that “marketers may as well hand me the
phone book”, while marketers argue that sales reps want to be ‘order
takers’, not salespeople.


Creating service level agreements (SLAs) between marketing and sales
is the best way to achieve alignment. By putting SLAs in place, you set
clear goals and responsibilities. Sales managers will then know how the
marketing team will support sales, and vice versa. Furthermore, you
ensure consistency as both marketing and sales interact with customers
across the customer’s journey.


Consistency will help you assess the health of your business,
identify problem areas, fix them, and achieve your business objectives.
As your sales enablement processes mature and as you continue to learn
about your customer, your SLAs will change. Consider your SLAs to be
living documents, and never stop iterating on them.


#3) Know how Content Fits Into your Sales Enablement Strategy


Content is a “must-have” for sales professionals. Blog posts,
infographics, images, ebooks, videos and research reports are excellent
ways to engage with potential customers. As well as that, content can be
useful when you’re following up with buyers after a meeting.


To really make an impact during the sales process, the sales team
need to understand when to use each type of content and how to position
it with their buyers. So, take the time to build a content plan for your
sales enablement team. Determine:


  • What online persona each seller will have. Then share mostly content that aligns with that persona
  • What technology you will use to deliver content to your sales team
  • Who will supply this content to your team
  • How you will train your sales people to use content effectively (it’s not intuitive!)
  • What is the right combination of company-created, curated and shared content?
  • Which stage your prospect is in the buying process. The content you share with them changes depending on which stage they’re at.
  • How you will divide your team.
Once you answer those questions, you’ll be able to supply your salespeople with content that will spark engagement.


#4) Social Sell through Social Media


Social selling is crucial for sales enablement in a sales 2.0 world.


Once you understand where content fits into your strategy, the
marketing team has likely already compiled a number of blogs, videos,
and/or ebooks, tailored to different phases in the buyer’s journey.
However, this doesn’t mean that only marketing can use them.


If, during their continuous interaction with their leads, your sales
people notice a specific question is being asked again and again by a
number of different leads, they can leverage marketing’s content and
pass it along. Again, showing that your company is already aware of
their concerns and is ready to answer their questions will build trust
with your leads.


By getting to know prospects through platforms such as LinkedIn and
Twitter, as well through conversations, and by showing that they care by
delivering relevant and valuable information, your sales reps can build
a relationship with these leads. These relationships can speed up the
process of closing leads into full-fledged customers.


good-social-selling-habits


But always remember that successful social selling takes more than
committing time to listening online, sharing, and posting. Yes, of
course you’ll want to read about how to personalize your sales. But you
shouldn’t stop there. You’ll also want to make sure you inject urgency and fire into your messaging.


Here’s how to insert ‘fire’ into your interactions: even if you think
you’re selling a boring professional service, you aren’t. Always
remember that “your product is going to be interesting to somebody”. B2B
copywriter Jonathan Kranz discussed how he beat the challenge of
marketing a non-exciting product like a drill bit produced by an oil
extraction company—by putting himself in the shoes of workers on a Gulf
of Mexico rig. Out there, in the middle of nowhere, the wrong drill bit
could cost millions of dollars every day, he said. When you think of a
drill bit in that context, all of a sudden there’s a lot at stake. By
speaking to that need, Kranz helped make drill bits sound very
interesting to a specific audience.


Kranz’ believes creating ‘urgency’ is also important.  He advises
sales people to focus on forming a succinct message that serves as your
version of the plumber’s magnet. Sales reps should ask themselves “can I
form a concise offer that targets something that people have to address
now—fast, an emergency?”


#5) Monitor and Measure your Results


As the saying goes, “You can’t manage what you can’t measure.” Sadly,
it feels like you can measure far too much online. So, it is worthwhile
to keep your focus on a small set of key performance indicators.


You may want to separate your sales enablement metrics into two parts:


  • Performance metrics – How did we do?

    For example, how much content did our sales reps share last month? How much interest/engagement did that spark?
  • Diagnostic metrics – Which activities are working? What needs to be improved?

    For example, what types of content are our salespeople sharing most often?
There’s an important purpose behind these measurements. It will help
you make important decisions – decisions that will help your customers
and increase your company’s profitability.


#6) Remember to Always Prioritize your Prospects


Many firms have their priorities wrong. They focus primarily on their
company, their product, their messaging, their key differentiators,
etc. They make it all about THEM, and they forget completely about their
target audience and that target audience’s needs.


Their poor focus impacts their sales enablement efforts. Instead of
helping their sales teams understand their buyers, they focus entirely
on helping their sales team understand their product.


According to Forrester’s research, product-focused knowledge isn’t
what most salespeople are lacking. By and large, salespeople don’t
understand their buyers.


Helping your customers should be at the heart of all your efforts sales enablement – from awareness to retention.


To Sum It Up


Sales enablement in today’s business world has fundamentally changed.
While it was once about explaining your companies’ products and
assisting prospects evaluate vendors, it is about helping your buyers.
It is about enabling your sales team to engage throughout the whole
journey of a buyer, on the channels that they use.


A different buying process means that different criteria is needed.
By focusing on the six sales enablement criteria above, the sales
department will set themselves up for positive results. It will empower
sales people to help prospects, drive revenue, and show their impact
across the buyer’s journey.

Friday, 29 April 2016

Why you Need Sales Intelligence Software

Original Article source:Why you Need Sales Intelligence Software 



Sales intelligence software helps sales professionals to close
more deals, faster. In todays multi-channel digital world a sales
person’s job is far from simple. They are often lost in a sea of social
media data, Google search results, and online directories, trying
desperately to find the names and email addresses of appropriate
prospects. Then they are left wondering where to begin when it’s time to
make that sales call.


New research is proving that when managers invest in sales
intelligence software, salespeople can keep their pipelines full of the
right leads, better serve prospects and bolster sales effectiveness.


building-sales-intelligence


What is Sales Intelligence Software?


While the term ‘sales intelligence’ simply means any information that
can be useful to improve sales effectiveness, sales intelligence
software usually refers to online solutions with deep insights and
social data on companies along with prospects so that your sales team’s
funnel is always full of quality leads with organized details on each
lead to give your team a full picture of who they are selling to. Armed
with relevant and organized data, sales people can better lead nurture,
social sell and have meaningful conversations with only your most
relevant prospects. This way, sales people can concentrate on what they
do best – selling.


Approaching potential customers should only happen once sales people have a fair knowledge of:


  • The prospect’s business and industry
  • General information about the prospect through their social media profiles.
  • Pain points the prospect is facing
  • What unique solution you can offer in contrast to your competitors
  • How effective this solution might turn in the favor of your prospects business.
In short, the more personalized approach by the sales personnel
providing value to the potential customer beyond what was promised
is Sales Intelligence. Software and other sales intelligence tools make
the process of collecting data faster and of better quality.


The Problem with Not Using Sales Intelligence Software Today…


Salespeople who do not rely on sales intelligence subsequently spend
on average 200 hours a year not selling because they are tied up with
finding the right prospect data and figuring out how to make an initial
pitch. Researching a prospect in today’s digital world can be tedious
and take up an unnecessary amount of a sales person’s time. Time that
could be spent on the phones selling. In sales, time is the most precious commodity.


A report by CSO Insights revealed that only 9.7% of businesses equip
their reps with sales intelligence programs whereas 90.3% admitted that
there’s a level of effort required on the sales peoples part in order to
have access to sales intelligence.


It is “shocking” how few companies truly help their salespeople
prepare to have meaningful conversations, says CSO Insights authors Jim
Dickie and Barry Trailer. “We may want them to do it. We may even demand
they do it. But precious few of us give salespeople access to the sales
intelligence to actually do it.” The number of companies that don’t
support salespeople in terms of preparing to create and strike up
meaningful conversations with prospects is appalling. The most common
situation is that sales managers expect their reps to be at their best
when they call out, they even require and make them do it. However,
there is often not enough information available to the reps to make this
happen.


Therefore, sales teams are forced to waste a lot of their time
sifting through endless unorganized internet data to come up with their
own sales intelligence. Given the pressure to sell to large numbers,
sales people have a limited amount of time to generate their own sales
intelligence. Consequently, they rush into prospect interactions usually
with basic information and less confidence in their approach.


Sales Intelligence Software Solves this Issue


Sales intelligence software ultimately puts sales teams in the best
position to succeed. According to an Aberdeen Group report, 62% of B2B
salespeople using sales intelligence software reported improved lead
quality and quantity to maximize selling time.


Finding relevant prospects for your business is the first step
towards building an effective sales process. Sales Intelligence software
like ‘Connectors Marketplace Managed Service’ will identify the most
influential prospects who are most likely to buy from your company. For
your sales team, this spares time and vitality of searching for
prospects everywhere throughout the web, whilst also simplifying the
sales process.


connectors-marketplace-social-selling -tool


Not only does Connectors Marketplace continuously provide your reps
with a comprehensive list of relevant prospects, their phone numbers,
and email, they also give you the latest news about the current company
your prospect works for, as well as a link to their LinkedIn, Twitter,
and Google+ account. With easy access to their social media, social
selling and lead nurturing becomes a lot easier. It also allows your
team to learn more about the person or engage with them online to
establish a stronger relationship.


“Chance favors the prepared mind”

The best way to maximize a seller’s ability to close a deal is to
follow the advice of Louis Pasteur: “Chance favors the prepared mind.”


There is nothing more impressive to prospects then when sales
professionals have done their homework. Knowledge is power and when it
comes to sales reps, it drives revenue. Top performing sales departments
rely on quality sales intelligence before meeting with potential
buyers. Every buyer is different and although strategies can be broad,
tactics must be customized and humanized to make a strong differentiated
connection.


Learning about prospects’ needs, wants, and concerns upfront, can help improve client acquisition because it builds confidence. Many organizations spend money on motivating sales teams when in fact, they need more confidence.


Sales intelligence can give sales team a drastic edge over the
competition. This is all about building your team’s persona as trusted
advisors, rather than as commission-hungry salespeople. And given the
endless information available to today’s buyers — they can easily
educate themselves about your products and pricing without you — it is
vital to add human value to sales conversations.


The value of sales intelligence software is undeniable. Your sales
people perform at their best when they can cut through the information
challenges, maximize their sales potential and cut back on the
obstacles. You don’t want your sales team to just work harder, you want
them to work smarter. This is done with sales intelligence software.

Monday, 25 April 2016

Social Selling – The Bitter Business

Social selling and sales articles

Social Selling is a game changer because it allows sales people to
interact with buyers exactly where they are doing their research –
online. Due to the change in the buyer’s journey and self-educational
content being published online, sticking with old sales models and
techniques is no longer an option. If buyers do not see the value a
business or sales person can bring (credibility), they will simply move on to someone who will.



 














However, if a sales person goes our way to help the buyer through their journey from research, awareness to consideration with content and helpful conversations,
they will have presented themselves and their company as a partner to
potentially do business with. Therefore, always strive to provide to
your social network and prospects.

 Social Selling – The Bitter Business