We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

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We analyzed 25,537 B2B sales conversations using AI here are the 5 things we discovered

Transcript of We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

Page 1: 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

Page 2: 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?

Page 3: We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

First, the details…

Page 4: We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

We analyzed the recordings of 25,537 B2B sales conversations conducted on platforms

like GoToMeeting, Webex, and join.me

Page 5: We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

The average call duration? 43 minutes.

Page 6: We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

The calls were mapped to their corresponding CRM opportunity records so we could analyze against sales outcomes

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The recordings were then speaker separated, transcribed from speech-to-text, and

cleaned

Page 8: We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

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

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Here’s what we learned…

Page 10: We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

1) The “Talk-to-Listen” Ratio

Page 11: We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

The average b2b sales rep spends 65-75% of a call talking, leaving only 25-35% of the call for listening

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Page 13: We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

“Increasing the prospect’s talk time

from 22% to 33%significantly boosts

opportunity win rates”

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2) When, and How Often, Should Pricing Be Discussed?

Page 15: We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

The data tells us pricing should come up roughly 3-4x during the ideal sales call (and

after value has been established)

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Page 17: We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

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.

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3) Understanding Prospect Timing Signals

Page 19: We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

There is a positive correlation between winning the deal within your forecast, and

the customer responding to your timing question with the word “probably.”

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Page 21: We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

However, there is also a negative timing signal we discovered...

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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.

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Page 24: We analyzed 25,537 B2B sales conversations using AI--Here are the 5 things we discovered

4) The Use of Risk-Reversal Language

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5) The Effectiveness of Coaching Sales Reps with Real Calls

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There is perhaps no higher leverage activity a sales leader can engage in than coaching their

sales reps on live calls or call recordings

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Gong.io sales conversation intelligence customers have seen a sharp spike in their

sales team’s win-rates.

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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

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To learn more, visit us at Gong.io