We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered
-
Upload
chris-orlob -
Category
Technology
-
view
123 -
download
1
Transcript of We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered
We analyzed 25,537 B2B sales conversations
using AI — here are the 5 things we discovered
All to answer the question:
what actually works on sales calls?
First, the details…
We analyzed the recordings of 25,537 B2B sales conversations conducted on platforms
like GoToMeeting, Webex, and join.me
The average call duration? 43 minutes.
The calls were mapped to their corresponding CRM opportunity records so we could analyze against sales outcomes
The recordings were then speaker separated, transcribed from speech-to-text, and
cleaned
Finally, we used the Gong.io artificial intelligence engine to analyze the calls,
categorize key sales behaviors and call events, and map against the CRM outcomes
Here’s what we learned…
1) The “Talk-to-Listen” Ratio
The average b2b sales rep spends 65-75% of a call talking, leaving only 25-35% of the call for listening
“Increasing the prospect’s talk time
from 22% to 33%significantly boosts
opportunity win rates”
2) When, and How Often, Should Pricing Be Discussed?
The data tells us pricing should come up roughly 3-4x during the ideal sales call (and
after value has been established)
When pricing is discussed too early in a call, less than 3 times, or more than 5 times, the
odds of closing the deal tend to shrink.
3) Understanding Prospect Timing Signals
There is a positive correlation between winning the deal within your forecast, and
the customer responding to your timing question with the word “probably.”
However, there is also a negative timing signal we discovered...
When a prospect responds to your timing question with some variation of “We need to figure out X”, there is a negative correlation
of getting that deal closed within your estimated forecast.
4) The Use of Risk-Reversal Language
5) The Effectiveness of Coaching Sales Reps with Real Calls
There is perhaps no higher leverage activity a sales leader can engage in than coaching their
sales reps on live calls or call recordings
Gong.io sales conversation intelligence customers have seen a sharp spike in their
sales team’s win-rates.
To summarize, here are the five takeaways
1. Skew your “talk-to-listen” ratio in favor of listening
2. There is a positive win-rate correlation when pricing is
discussed 3–4x in a call, and after value has been
established
3. When you ask your prospects the “timeline” question,
watch out for their use of the word “probably” (a good
sign), as well as their use of the phrase “We need to figure
out…” (a bad sign)
4. Use risk-reversal language during your sales calls, and
actively tout your risk-reducing terms
5. Coach your sales reps at the call recording level
To learn more, visit us at Gong.io