Building a World-Class Sales Team - Lenati€¦ · Determining how you will deploy sales resources...
Transcript of Building a World-Class Sales Team - Lenati€¦ · Determining how you will deploy sales resources...
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Strategies to Increase Your Team’s Effectiveness
Building a World-Class Sales Team
lenati.com | [email protected] | 800-848-1449 | @Lenati
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*Aberdeen Group
17% increase in year over year revenue
87% of sales reps achieving quota
7% increase in average deal size year over year
7% improvement in the average sales cycle*
Results of an Effective Sales Team
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*Sales Management Association
Top Sales Effectiveness InitiativesWhile many things can create an impact for effective sales teams, these are the top initiatives that will move the needle for most organizations.*
Ensure the Right Customer
Coverage Plan
Increase the Impact of Each
Customer Interaction
Create a Performance-focused Sales
Team
Implement Sales Enablement
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Ensure the right coverage planDetermining how you will deploy sales resources starts with a deep understanding of who your customers are and how they buy your product. Aligning your sales model to your customers allows you to develop the appropriate team segmentation, structure and roles to appropriately engage your customers and maximize revenue results.
Inputs
BUYER JOURNEY
Sales Structure
Identifying team structure based on segmentation needs
TEAM DESIGN ROLE ALIGNMENTTEAM SEGMENTATION
PRODUCT
FUNCTION
TECH
Specifying roles by a
combination of:
Discrete Function
(prospect/qual),
Product Specialization
(new launches,
emerging)
Technical expertise
(deployment, pre-sale)
Grouping salespeople based on a segmentation strategy
Enterprise
Mid-Market
SMB
FIELD
INSIDE
CHANNEL
EVALUATE THE MARKET EVALUATE THE CUSTOMER
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Increase Customer InteractionDefine the customer experience strategy around the buyer journey and your business goals. Build a process that is relevant to each segment and each customer and a content strategy that reaches customers at the right time with the right message.
MarketingSales
Content StrategySales Process
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Create a Performance-Focused Sales Team
Define performance goals and set
KPI target values
Link sales performance to business
goals
Define evaluation criteria for sub-
standard, acceptable and excellent
Design and implement repeatable
process for collecting
measurements and performing KPI
calculations
Design effective tools for tracking
and communicating progress
Provide a measurement system
that allows executives to monitor
performance and trends
Map results to actionable programs
to close gaps
Identify repeatable process for
updating and publishing
Performance
Dashboards
Identify key drivers for reaching your strategic objectives and translate them into measurable targets so you can monitor behavior and performance that influence results.
Align compensation model to
business goals
Initiate sales contests
Develop top performer profiles &
best practices
Consistent, compatible with roles
and with clear consequences
Incentives and
RewardsKPI’s and
Success Metrics
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Implement Sales EnablementConnect your go to market strategy and sales execution, ensuring that sellers have the right content, tools and resources at each stage of the buyers journey, focusing on improving customer experience and seller efficiency.
Measure and optimize content
performance
Assess sales usage and impact
Monitor customer engagement
Analyze results to determine
sales efficiencies
Drive consistent process, people
and technology
Optimize content across the
entire customer lifecycle
Develop a cadence for
continuous feedback loop
PerformanceAnalytics
Invest in Technology
Align Sales &Marketing
One system that provides
complete visibility into the entire
lifecycle of sales content across
marketing, sales and customers
Equip sellers with the tools they
need to engage effectively with
buyers at the right time
Connect content usage with the
performance of every deal
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Investments in Sales Force Effective Programs Deliver, on Average, 4-8% Incremental Revenue Growth.*
*Sales Management Association
What sales effective initiatives are going to have the most impact on your business?
• Customer Coverage Plans see about a 5% increase in revenue• Increasing Customer Interaction sees a 8% increase in revenue• Creating a Performance focused team results in roughly a 5%
increase in revenue• Enabling Sales Operations results in about a 4% increase in revenue*
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lenati.com | [email protected] | 800-848-1449 | @Lenati
Need help determining which sales effective initiative will have the biggest impact on your sales team?
Our Sales Performance Team can help you develop sales strategies and implement analytics, process, and enablement that drive improved sales revenue, productivity and overall performance.
Lenati is a marketing and sales strategy consultancy that helps companies acquire, grow, and retain customers. Our clients come to us to build market leadership, whether through radical innovation or intelligent evolution.
Have a Sales Performance question? Contact our Sales Strategy Team>