Increase your Revenue per Sales Rep with Mindtickle and Seismic

There are two main reasons why 63% of sales reps fail to achieve their quota according to SiriusDecisions – improper training and an inability to find and use the relevant content. This week, Mindtickle and Seismic – the leading enterprise-grade sales readiness solution and sales enablement solution respectively – have created a technology partnership that solves these issues. Together they enable enterprise sales reps to train for and execute their sales interactions more effectively than ever before.

In this day and age, buyers have changed the way they purchase and interact with salespeople, and sales organizations need to be agiler to keep up. Customers now come to the table well informed and much further down their purchasing journey, and they expect reps to be ready to respond to their questions, needs, and objections. That’s why it’s now crucial to ensure your reps are prepared, up-to-date and able to engage prospects with the most relevant and personalized content.

The sales organizations that have adapted to this new world order have achieved this by ensuring their reps and everyone in the enablement process, from content creators in marketing to sales ops and training, have access to technologies that:
Mindtickle-Siesmic_table

  • Provide on-demand access to all materials necessary to increase performance:It’s no longer sufficient to just email updates or conduct training sessions a couple of times a year. Best-in-class organizations ensure their reps receive feedback on both presentation dry-runs and the content used within them. Their reps are able to tweak content on Seismic and receive coaching on their pitch on Mindtickle whenever and wherever they need.
  • Enable just-in-time readiness on new content:By leveraging Mindtickle’s training and video coaching capabilities, sales reps can access new content and become smarter quicker. This has the added benefit of decreasing the time spent on separate training sessions or on requesting guidance from content creators.
  • Give access to valuable information:Information on reps’ performance and content engagement collected in Seismic and Mindtickle is fed back to individual reps. This enables them to continuously and intelligently improve how they perform their job, focusing in on the aspects that are directly tied to closing deals more effectively.
  • Provide holistic sales engagement data:In this data-driven world, teams involved in the creation of sales content and training collateral require a comprehensive view of their reps’ engagement with all sales-oriented materials. Best practice sales organizations leverage this data to pinpoint the strengths and weaknesses of their salespeople and further inform their enablement initiatives.
  • Enable new content certification:It’s no longer sufficient to certify your reps once when they are onboarded and then forget about it. Reps in best-in-class sales organizations are constantly learning and improving their knowledge. Mindtickle’s certification process responds to this by applying to new collateral, including product brochures and case studies. This ensures that their reps only use the content in the field once they have demonstrated proficiency and expertise in presenting it.

By integrating Mindtickle’s training, coaching, role play and communication capabilities with Seismic’s personalized content creation and analytical capabilities, this technology partnership brings together each of these aspects. The result is a technology solution that enables best-in-class sales teams to focus on driving revenue. All teams involved in the sales enablement process, from Sales Ops to Content and Product marketing are enabled to accelerate deals, improve win rates and increase the revenue earned per sales rep.

“At Nutanix, we pride ourselves in providing sales reps with the right technologies they need to exceed quotas and drive revenue,” said Amir Chaudry, Head of Global Sales Enablement, Educational Services & Field Readiness at Nutanix, a leader in enterprise cloud computing. “The combination of Seismic and Mindtickle does just that, helping reps prepare and master messaging before meetings, and win the deal with the most relevant information and collateral during them.”

We’re excited about this partnership and believe it will add value to our customer’s businesses by helping their sales organizations to sell more effectively.

For more information on the Mindtickle-Seismic technology partnership, read the full press release here.

Coaching Millennial Salespeople

Coaching-millennial-salespeopleMillennials are set to represent 75% of the global population by 2025. While they might be the youngest people in your business, they are by no means the most junior. Millennial managers and CEOs are now commonplace, the latter particularly in startups and technology. It’s well established that Gen X and Baby Boomer’s value career development and job satisfaction.

Similarly, millennials have distinct behaviors and work preferences, which is why they need specific training and coaching to help them perform better on the field.

To develop a coaching program that addresses the unique preferences of millennials, it’s important to understand how their behavior differs from other generations. This then impacts how to coach them, and even their propensity to be coached.

We’ve identified seven imperatives to take into account when structuring a coaching program for your millennial salespeople.
coaching millennial salespeople_post

Let’s dive deeper into each of these and outline how they impact your sales coaching program.

Tie coaching to technology

By far the most distinguishing feature of millennials is the ease with which they understand and prefer to use technology. They’ll reject clunky antiquated systems in favor of convenient and intuitive technology. For millennials, being connected at all times is essential, in fact, 83% sleep with their smartphone by their bed.
millennial-attitude-to-technology

While many millennials are comfortable socializing in person, they’re adept at using online mediums to enhance relationships and broaden their reach. So don’t be surprised if your millennial sales rep prefers to email customers rather than calling them.

How does this impact coaching?

  • Leveraging sales readiness technology is no longer a nice-to-have, it’s essential. Your millennial reps will demand that it be easy to use, accessible and helpful to perform their job. Without each of these factors, your reps may simply choose not to use your tools, and some may even find new ones to use. Keeping your millennial reps well-connected can pay dividends, in fact, our customers have found that 36% of their millennial reps choose to engage with information voluntarily outside of work hours.
  • Millennials preference to leverage technology may impact their ability to communicate with customers in other ways. This means they may require some back-to-basics coaching on how to develop relationships in person, from maintaining eye contact to opening a conversation. If some of your buyer personas are not millennials then this could also include coaching them on how to address generational preferences in customer conversations, and in particular when it’s appropriate to use technology and when it’s not. For example, baby boomer customers may prefer speaking to someone in person over email communication.

Keep content brief

Millennials are often depicted as having short attention spans when really they prefer consuming bite-sized information in short intervals. So when it comes to training, rather than sitting for hours in a classroom, your reps are more likely to consume bite-sized information. This addresses both a preference for crisp communication and accessing information on their mobile device.
Bite-size content

Millennials are also expert multi-taskers, they’re often listening to podcasts while answering emails. Their proficiency in managing multiple tasks makes them experts at consuming information in different ways than previous generations.

How does this impact coaching?

  • Keep coaching sessions short but regular. Rather than conducting one-on-one coaching marathons just once in awhile, coach your reps regularly but in shorter intervals.

Engage them and not just manage them

Collaboration is one of the best ways to engage a millennial salesperson. They value learning from others and working as part of a team. They like to learn and solve problems by hearing success stories and working in teams. Millennials believe in sharing their wisdom and experiences as well, which provides a great opportunity for other teammates to learn from them.

Another way to engage them is by using gamification to encourage some healthy competition. In fact, 79% of learners believe their learning is more productive when introduced in a gamified environment. As self-starters, don’t be surprised if your millennial salespeople demand access to data so that they can gauge their own performance and plug their own knowledge gaps.

How does this impact coaching?

  • Leverage success stories and other tools to help reps learn from their peers. Practically understanding how others have approached a problem and then practicing it in a role play may even be more effective than being verbally trained by their manager.
  • Make coaching a team effort by providing online collaboration tools that allow your “A players” and seasoned reps to share their experiences. This can be facilitated through a sales enablement platform so it doesn’t matter where your experts and reps are based. After all, millennials are comfortable conversing with people online, regardless of their location.
  • Gamify the experience wherever possible so that reps can compete against each other, and even themselves.
  • Be transparent with your data. By giving your reps access to their data you enable them to identify their own gaps and allow them to suggest areas they would like to be coached on. When reps buy into their own coaching plan they’ll put their heart and should into it refining their own knowledge and skills.

Ensure coaching is driven by their values

Millennials have grown up in an era where political correctness and social awareness is high. This permeates into their personal values, seeking out opportunities that add real value and have a social impact. They expect a lot from their life and their employers and like to see their work reflected in the bigger picture. They have opinions and aren’t afraid of expressing them, but are also open to hearing other perspectives and taking onboard feedback.

How does this impact coaching?

  • When coaching millennial sales reps be sure to explain the value in what you’re doing. They need to see where they are going and how it will make an impact on their performance and the broader business.
  • Take a values-driven approach by asking your reps what they value. This will help them incorporate this view into their feedback and long-term coaching plan.

Consider their expectations at all times

Millennials aren’t used to waiting for anything. They’ve always been able to access everything at the touch of a button, so don’t expect them to wait patiently for career progression either.

As self-starters, they’ll happily take responsibility for their own development if they know what to expect and how to achieve it.. In fact, research has found that people between 25 and 34 are more likely to express gratitude for “being satisfied with an existing job” then they are about “spending quality time with family and friends.” So harness their desire to enjoy their work and perform it well.

How does this impact coaching?

  • Rather than coaching a specific issue in isolation, use a structured approach to providing millennials with a clear roadmap for their development. This not only helps you structure a coaching program but also gives your reps transparency about what they need to achieve in order to progress.

Give them agility and freedom

Millennials have been quick to embrace, and in many instances have driven, the death of the standard workday. But just because your reps may not begin and end their working day in normal office hours doesn’t mean they don’t work just as hard. In fact, our customer data shows that 27% of millennial users access and engage with the Mindtickle platform between the hours of 8 pm and midnight, and 4% even access it on Sundays.

Other research indicates that millennials stress and worry about their work more than other age groups. But thankfully they are also driven to find ways to overcome these issues. The flexibility to work when it suits them can be challenging to manage, but it shouldn’t impact your ability to coach your millennial sales reps when they need it, whatever the time.

How does this impact coaching?

  • Leverage online coaching tools that are accessible whenever and wherever. This gives your reps the flexibility to manage their time as they please, and still receive feedback from you without having to be physically present for a one-on-one coaching session.
  • If you would like to have some oversight into your reps activities, sales readiness software like Mindtickle allows you to see when and how your reps are accessing coaching tools and content. This can even be used as an additional coaching point when this data is overlaid with sales information.

Leverage their willingness to receive feedback and recognition

The millennial generation was raised in an era where praise and reward are valued, so naturally, they value recognition in the workplace. But along with the need to be recognized is the understanding that feedback is part of the process. This makes them more open to giving and receiving feedback, and willing to apply it so that they can achieve further rewards.
How does this impact coaching?

  • As coaching often provides immediate feedback it may be more readily embraced by your millennial reps. When the feedback gives them visibility into their own progress and is linked to things they value, your millennial reps are more likely to take on board coaching and use it to succeed quicker.
  • To make your feedback easier to digest, it’s important to ensure that it’s directly relevant to your reps performance. It’s also helpful to deliver it in bite-sized pieces, so that specific issues can be readily addressed.

By reviewing and tailoring your approach to coach, you’ll not only help your millennial reps become better salespeople but also ensure that you retain them.

It’s also worth noting, that just because many of these techniques are directed towards the behaviors and values of your millennial reps, it doesn’t mean that your entire multi-generational workforce won’t benefit from them. It may take some time for some of your staff to get used to technology, but these modern coaching methods improve engagement, foster collaboration and enable remote workers to have the same level of development as their head office counterparts. While some may long for the good old classroom days g and in-person feedback, most will appreciate the benefits and flexibility that technology provides them.

Coaching Quotes to Inspire your Sales Coaches

quotes-inspire-sales-coaches

Coaching is often proffered but not performed. Being able to execute it right is one of the biggest challenges faced by sales organizations. Managers put it in the too hard basket leaving them, and their sales reps, behind the eight ball. Companies that understand the impact that coaching has on their sales managers invest more and see greater top-line revenue. In fact, they prioritize coaching with frontline managers spending up to

70% of their time coaching

and mentoring their reps. Some businesses even attributed an

increase

o

f

2

5

% in their win rates to their focus on coaching.

But don’t just take our word for it. Here are six quotes from successful sales coaches on the power of coaching.

“Coaching is unlocking a person’s potential to maximize their own performance. It is helping them to learn rather than teaching them.” ~ Timothy Gallwey, Author

Coaching is not about telling someone what they should be doing, it is about helping them develop so that they get there on their own. Even the most self-aware rep might find it challenging to see how far they can go, that is where a good coach steps in.

“Big things are accomplished only through the perfection of minor details” ~ John Wooden, former basketball player and coach

While coaching will lead to transformative change in your reps, the devil is in the detail. Helping reps make small behavioral changes can actually have a huge impact on their performance in the short, as well as long-term.

“The most important thing in coaching is communication. It’s not what you say as much as what they absorb.” ~ Red Auerbach, former basketball coach

While giving feedback is one part of coaching, the coaching process as a whole has an important role to play. If your reps are coached in a structured manner where they have visibility of their progression path, the coaching is likely to have a greater impact and drive behavioral change than if they’re just given ad hoc feedback. This is also where coaching tools that enable role play and watching peers can help reps gather insights into their own behavior that they can use to improve their performance.

“What do you coach? You coach the gap. Build a bridge that takes your people from where they are today to where they want or need to be” ~ Keith Rosen, Author and CEO Profit Builders

Gap identification is the foundation of effective coaching. Having a structured process in place to identify gaps is crucial for coaching to commence. Once a comprehensive plan is designed to fill the gaps, reaching your target objectives will be relatively easy.

“When you’re coaching your sales reps, make sure your feedback is timely, consistent, objective, accurate, individualised and relevant.” ~ Barry Trailer, Research Principal CSO Insights

In order to be effective, coaching needs to be contextual. This helps reps understand how to put it into practice and be their best in their customer conversations. Unless you’re sitting next to your reps it’s impossible to provide feedback that meets each of these objectives all the time, but it can be achieved by leveraging sales enablement technology that enables structuring coaching.

“Everyone needs a coach” ~ Bill Gates, Founder and CEO Microsoft

Even when you’re at the top of your field, there is still scope to be better with effective coaching. Here’s what Bill Gates, Founder of Microsoft, and Eric Schmidt, Executive Chairman of Alphabet, have to say about corporate coaching

.

Don’t you think it’s time to take coaching seriously in your sales organization? 

New Call-to-action

5 Ways Technology Can Help Coach Sales Reps

Technology_help_coach_sales_repsYour high performing sales reps have a tremendous impact on revenue growth. If you’re lucky you’ll have a handful of them, but the reality is the majority of your reps will be performing at average or worse. What if you could identify the capabilities that your top sales reps have (and what makes them win) and replicate these across your sales team?

After all, building capability is a

top priority for CXOs

, and

according to McKinsey

coaching sales reps has the biggest impact on capability development. This means that coaching is no longer a nice-to-have but a business imperative. But for coaching to be effective it needs to be targeted. Targeted coaching (using a scientific approach) ensures your reps develop the capabilities to become successful.

The first step in creating a sales coaching process is to identify objectively what specific areas your individual reps need to be coached on. Then you need to determine the best way to coach your reps, rather than just telling them their gaps.

Create a culture of coaching

High-performance sales teams and sales coaching best practices go hand in hand. But sales coaching is often driven by managers who don’t have the time, tools, skills or data to coach effectively. And in most cases, it’s implemented in a haphazard manner that reflects the sales manager’s own personal whims and biases.

By putting in place a central system with predefined coaching workflows you can ensure that your sales managers receive the guidance they need to coach effectively and stay on plan. Technology gives you a highly scalable approach to rapidly identify, build, and sustain the targeted coaching needed to continuously improve performance and deliver impact. This will ultimately lead to more predictable sales behaviors and revenue.

1. Provide a structure

Sales coaching isn’t an ad-hoc or one size fits all activity. That’s why it’s important to have a plan that outlines which capabilities need to be developed and what role different stakeholders will play in the process to ensure their sales coaching is effective.

The first step towards structuring your sales coaching is to have a

sales coaching plan

. Typically there are three parts to a sales coaching plan – knowledge, skill, and process. Depending on what your businesses are, you’ll weight each of these attributes differently and may assign coaching accountability to different stakeholders.

A sales enablement platform like Mindtickle helps you define rules and automate processes a

round coaching – triggering a coaching event, facilitating manager and salesperson interaction, and driving visibility to different stakeholders through analytics.

2. Makes collaboration easier

While it’s always great to collaborate in person, that’s near impossible when you’ve got salespeople all over the country. Rather than wait months until your next sales kickoff you can use technology so your

subject matter experts can to coach your reps

. For example, our Product Manager Daniel sits in San Francisco and provides coaching to our rep Beverlie in Boston directly through our sales enablement platform. Workflows are set up to remind our experts to provide their feedback promptly and our sales rep receives it directly to her mobile device.
This process also works at a large scale as one of our customers has found. With over 700 sales reps distributed across the world, they’re able to provide specialist coaching to each rep on three capabilities they’ve identified – selling skills, demo and account based demand generation. For each capability, they’ve identified specific areas that reps need to excel at. They also have subject matter experts to coach reps on each scenario through role plays and on the job coaching.

Another example is ForeScout who uses technology

to help managers and SMEs collaborate during their sales onboarding process. In a process they call the “Pitch Back” they leverage Mindtickle by having reps record practice pitches so their experts can hear how they’re using their onboarding knowledge in sales calls. The experts and managers can then provide feedback and coaching to the rep in real time through the app.

3. Makes stakeholder accountable

Workflows not only make it easier to collaborate, but they also hold everyone in the process accountable. For example, by allocating coaching modules to each sales rep you can ensure that everyone’s needs are covered. Managers typically focus on lagging indicators and tactical coaching but do not focus much time on strategic skill development. The middle 60% can really benefit by getting coaching on core capabilities.

In fact, research has found

that it’s in the middle 60% where sales coaching can have its biggest impact on performance.

Technology can provide a simple way to check that all reps are being given the attention they require and that coaching is having the maximum effect possible.

A technology platform like Mindtickle provides relevant stakeholders with contextual notifications, coaching tasks and visibility over the progress that is being made by reps and managers in the coaching process.

Transparency is key to the process and technology facilitates this.

4. Enable peer to peer learning

Coaching isn’t just about learning from your manager, it’s also about developing sales skills by finding out how the best do it. That’s why sharing best practices across your organization is important. This is easier if you have a small sales team and everyone is located in the same office.

But what do you do if you have a distributed field sales team or a large inside sales team?

The best way to facilitate (and automate) peer to peer learning is by leveraging technology.

A technology platform like Mindtickle makes identifying expert knowledge and sharing it with a large sales team seamless and automated.

5. Share success stories

Watching role plays and pitches is just one way the reps can learn from each other.

Success stories

are another effective way to motivate and inspire your reps.

There are several advantages to reps sharing how they won that big deal or closed a challenging sale.

  • It cross-pollinates proven techniques across geographical boundaries
  • Builds a sales culture that encourages sharing and learning
  • Gives a pretty great ego boost to the successful rep

By leveraging technology, you can ensure that your sales reps are given the best opportunity to be successful. Technology provides not only structure and accountability but also enables your sales managers to make decisions about what their reps need to be coached on and even facilitates how they are coached. This increases your reps confidence so they’re ready to have those difficult conversations with customers.

Practical guide to coaching new hires

[Research] SiriusDecisions: Sales Training and the Coaching-Measurement Connection

Sales training organizations have long struggled with how to achieve long-term behavioral change, and how to prove it. The research brief from Sirius Decisions explains how combining coaching with enhanced measurement can actually deliver the visibility and accountability you need.

Sales coaching is often left up to managers to execute as part of on-the-job training. This has resulted in sub-optimal results, particularly where managers are not equipped with the knowledge and tools to coach or where reps are left to develop bad habits. To help reps bridge the gap between on-the-job realities and the skills and processes they’re taught in formal training, coaching must be offered in two ways:

  • Traditional: This is often a one-on-one interaction between reps and their manager that helps to influence behavior through observation and feedback. In order to be successful this requires training, justification and situational application; and
  • Unassisted: As managers can’t be there all the time, it’s necessary to align training with the rest of your support structure so that reps can choose the right route to solving their issue on their own. This may include a blend of process or tools playbook or content marketing and competency models.

With training and coaching in place, the next step is to determine an appropriate and accurate way to measure the success of the activity. The Research Brief identifies several ways to achieve this, both from an objective service perspective and also by collecting specific feedback from both reps and managers.

By measuring the impact of training initiatives, coaching can then reinforce the activities more effectively and produce actual behavioral change that has a real impact on sales performance.

A copy of the Research Brief is now available for download Mindtickle.com.

Enabling Sales Coaching in the Digital Age

The digital era has arrived and research has found it to be the route to the customer, not the balance sheet. That means the biggest asset a business can have is a foolproof process to engage and convert prospects into customers. But the route to the customer has also undergone considerable changes.

Customers now research your business and competitors at the click of a mouse, reading reviews and seeking out advice without ever leaving their desk. In fact, over 60% of a buyer’s journey is over before they even speak to a sales rep, and it’s estimated that by 2020 customers will manage 85% of their relationship with businesses without talking to anyone. The phenomenon is so common now it’s even got a name, “webrooming.”

Businesses that don’t find new ways to engage and convert prospects will be left behind or disappear completely. In fact, according to Pierre Nanterm, CEO of Accenture digital is the main reason over half the companies on the Fortune 500 have disappeared since 2000.

For sales organizations, the challenge is set.

Sales reps who once relied on the hard sell can no longer bamboozle prospective customers with details about their product features, because the customer may know more than they do. And customers don’t want to hear your pitch anymore, they’ve already read it on your website. What they want is proof that your product or service can solve their problems, data that shows what a difference it can make and facts that prove it’s the best option for them.

While sales managers still need to deliver the same things, from recruitment through to training, coaching and performance management, how they do their job also needs to change with the times. Many managers still spend much of their time focused on their team’s lagging and efficiency indicators. A multitude of reports and meetings are dedicated to order reviews and pipeline management, but how often do sales managers review their sales rep’s effectiveness?

Who is beating their quota? What are they doing well that the other reps aren’t? What knowledge and skill gaps do their individual reps have? Are their reps following the correct process?

This type of behavioural analysis is the first step for managers to be able to codify their best sales practices and identify what individual reps need to achieve results. Traditionally one on one sales coaching has been left in the hands of sales managers, with no real tools or structure to help them make the most of their efforts. In the digital age of sales codifying behaviour is key to achieving predictable sales results. And as a sales manager, if you can predict your sales results you will be successful.

So if codifying behaviour through coaching is the key to success then the problem of selling in the digital age is solved, right? Not exactly.

Sales coaching is still very much the domain of the sales manager and not every manager is cut from the same cloth. Each sales manager has their ow distinctive style. Some mentor their charges to success while others get down and personal to help coach individual reps. Some are confident to the point that they inflict their own style on their reps, whilst others focus more on what’s happening around the business rather than on their team.

This creates a unique sales enablement problem. In order to equip sales reps with the information, tools, and skills they need to succeed in the digital age their managers first need to be enabled to coach them effectively. And as sales managers have their own style, they need to be enabled in a way that gives them the flexibility to add their own personal touch. This can be solved for by using a sales coaching framework that provides both structure and flexibility.

Working closely with our customers we’ve found that there are three main areas where coaching is most effective:
sales-coaching-framework

The amount of coaching that is required in each category will depend on your business, your product or service and the experience of your reps. For example, if you’re selling FMCG to mom and pop retail stores then execution discipline is likely to be more important than knowledge. Whereas sales skills are likely to be key if you’re selling a complex enterprise software platform.

In order to be effective your business first needs to identify how important each of these areas is and what weighting each should have in your coaching framework. This then forms the basis for a structured coaching framework that incorporates processes and tools that help sales managers identify what their reps need and how to coach them. The framework moves the focus of sales coaching from addressing a single incident in one meeting, to the overall success of your reps and their cumulative sales outcomes.

Following a sales coaching framework also helps identify the needs of individual reps. While a couple of good reps may have been able to lift an entire team in the past, this isn’t the case anymore. Traditionally sales managers have tended to focus in on the “tails” or their very best and very worst reps, while the majority are left to fend for themselves. Research has found that focusing sales

coaching efforts on the middle 60%

can improve performance by a greater amount than addressing the top and bottom 10%. But there are more people sitting in the middle 60%, which means the top sales coaches need to be enabled to coach everyone effectively.

A sales coaching framework also has the additional benefit of providing a structure that can be leveraged by the broader sales and leadership team. As sales enablement and capability teams become more involved in helping reps sell, they are also taking on some of the responsibility for coaching them. That doesn’t mean that sales managers will eventually have no role in coaching. To the contrary, their role will be able to be elevated to focus in on the more challenging and higher impact opportunities that will make their sales reps not just good but great.

Effective Sales Managers aren’t Born: They’re Created

help_sales-managers-coachSuperheroes aren’t born, they’re made. Clarke Kent walked in the light of the yellow sun. Diana Prince was granted her Amazonian strength by the Greek Gods, and Peter Parker was bitten by an irradiated spider. But all of them had to learn how to channel their powers and hone their skills before they could fly or scale walls.

When it comes to sales one of the most potent superpowers a sales manager can have is the ability to coach effectively. But why do we still think sales managers should be able to coach without any training or practice? Just like any skill coaching is something that requires training and development. But before we get into the details on how to achieve that, let’s take a look at why sales coaching is so important to your organization.

Effective sales coaching changes topline revenue

 

CSO Insights

found that there is a direct relationship between the quality of coaching and the amount of reps who made quota.
why-sales-coaching

That’s because coaching isn’t about auditing what your reps are (or aren’t) doing or a quick fix. It’s about helping them improve how they sell in both the short and long-term, making them better sales reps for life. This could be in terms of specific sales skills, from prospecting to closing, or how effective their negotiating techniques are to get more prospects over the line.

By improving the skills of your reps, coaching can also increase their engagement with their role and your business. This means you’re more likely to retain high performing people who perform even better thanks to coaching. As your reps improve how they sell, coaching can move onto more complex issues, giving your reps (and your managers) new sales challenges.

So how do you learn to leap tall buildings in a single bound?

Just like Superman, sales coaches need to learn how to walk before they jump. There are three indicators that sales managers should be aware of:

  1. Lagging indicators: These show them whether their reps are meeting their numbers and include a lot of the traditional metrics like pipeline activity, wins, and losses. These metrics are commonly measured with most CRMs already doing this effectively.
  2. Efficiency indicators: These provide an understanding of why sales reps are meeting or missing their numbers. This can include win rates, sales cycles, and their pipeline size. These are very critical for the success of your business. For example, in a CPG business, your efficiency indicators will consider how well your reps are getting their product placement. Whereas in Technology getting the discovery process right will be an important area to focus your efficiency indicators.
  3. Effectiveness indicators: These metrics look at whether your reps actually “get it” and the behaviors that they are demonstrating that drive your lagging indicators. Managers need to proactively identify capability gaps and fix them. A streamlined process for managers to build capabilities in their team and make them more effective salespeople could be the difference between an average and best-in-class team.

Businesses who not only understand their efficiency and effectiveness indicators but are able to maximize their reps achievement of them will achieve success. In the past sales managers focussed all their efforts on lagging and efficiency indicators to enable their team. But businesses have changed, the way we make our products has changed and the speed at which the industry dynamics alter is radically different. To drive revenue in the new world order managers need to look at the effectiveness of each element of their indicators and identify their importance for sales success. By focussing in on effectiveness, managers can coach their reps better, drive revenue and increase sales productivity.

Find new ways to identify capability indicators

Just like sales managers get regular reporting on lagging indicators, they also need access to information on their teams’ efficiency and effectiveness indicators and their gaps.

One way to do this is to spend time identifying the key capabilities that lead to the success of your top 20%. Then enable your sales managers with information about what team members have gaps in these capabilities.

For reps who are losing deals against their competition, managers can benefit from information like:

  • Are they accessing competitor information before a customer meeting?
  • Is their messaging tailored for each customer?
  • What behaviors are they demonstrating that is helping them move down the buying process and close more deals?

A sales enablement platform like Mindtickle can help identify some of these behaviors along with personal observation.

So what are we waiting for?

Before you start telling your sales managers to get out and coach, you have to help them learn to leap that tall building in a single bound. This is an important step that many businesses struggle with. In fact,

the Harvard Business Review

found that only 12% of international business leaders believed they had invested sufficiently in the development of their frontline managers. That means that 88% of sales managers are trying to coach their team blind.

But this isn’t just about teaching sales managers to coach, it’s about empowering them so they can coach. Sales managers in many organizations are weighed down by a plethora of tasks that don’t necessarily help them contribute to revenue or develop their team.

McKinsey found

that frontline managers spend between 30 and 60% of their time doing administrative tasks or sitting in meetings. A further 10 to 50% of their time is spent doing non-managerial tasks like traveling, special projects or actually selling themselves. This means that only 10 to 40% of their time is spent actually managing, and only a portion of this is spent coaching.

One of the quickest ways to give sales managers more time to coach is to take away the administrative tasks that are not adding any value or revenue. Whether it’s automating sales reporting or leveraging technology to reduce travel time, there are many ways to enable sales managers to perform these tasks more efficiently or remove them completely.

It’s essential to ensure that your managers are making the most of the extra time available to them. The first step is to make sure they have

the basics in place

.
sales_management-training-basics

Also, HBR found that 40%

of international business leaders believed that their frontline managers didn’t have sufficient leadership development, tools or training. Companies with the best sales training programs look at their existing learning programs and identify what gaps there are in sales leadership training so they can start working on the basics.

Joanne Wells of Halogen Software

suggests looking at what your sales leaders know about your business and its goals. By understanding your broader business objectives leaders are better placed to hone in on what’s most important for their sales reps to learn.

Learning is cultural

Holding knee-jerk training sessions that exist in isolation rarely achieve the desired results. So if learning and coaching are to be integral parts of your organization then they must become part of your culture. This means from the top down learning is valued, supported and encouraged.

The first step

is building the basics for your managers by clarifying responsibilities in job descriptions, performance appraisals, and broader communications, so it’s clear that this is an organization-wide initiative.

Then you can create an environment where there is a regular cadence for learning and coaching. An easy place to start is by looking at your best managers and identifying what they’re doing well. There’s no need to recreate the wheel, replicate what works.

Everyone has to start somewhere, and today there are so many tools available that can be used to help your organization build its culture of learning. Think about this way, if managers are given a structured and effective way to coach their reps regularly they’re more likely to use it, right? But if you have to take everyone out of the field for a week, there’s little incentive for anyone to get involved. That’s why super sales training has to fit into the way your sales team works, rather than the other way around.

The key to making the most of a sales manager’s time is to recognize that the managers don’t have to do it all. If learning and coaching are a part of your organization’s culture, then subject matter experts in Product Marketing or Sales Enablement can take on the role of coaching reps in some areas. After all sales

coaching is a team effort

.  Sales Enablement and Product Marketing can take on key roles as subject matter experts, coaching reps on knowledge and messaging, like how to pitch that new product feature for example. This frees sales managers up further to focus on where they can add the most value like improving sales skills in a deal by deal coaching and on the finer aspects of process and execution.

This effectively elevates the role of the sales manager so they can focus on the more complex deals and performance issues, optimizing their time and skills. The more managers coach, the more they learn what works and what doesn’t, developing and strengthening their superpowers.


The Formula for Effective Sales Coaching that Enables Reps and Managers

formula_effective_sales_coachingWhile every sales manager has their own unique coaching style, the end goal is the same; develop and improve how their sales reps sell and meet quotas. By enabling reps and managers with a structured coaching framework you can have a marked impact on coaching effectiveness and its results. Structured coaching ensures reps have consistent behavior, produce more predictable sales results and follow a sales process.

What is the problem?

Industry dynamics are changing too quickly and competition is fierce, it’s no longer an option to leave coaching up to chance.

Research by the Sales Executive Council

found that coaching the middle 60% can improve performance by up to 19%, and even if you coach those below average to above average you can improve the performance of 50% of your sales force by six to eight percent.

Also, there are so many types of managers and salespeople. Each manager has their own style and sales reps have their own individual needs. Ensuring there is a culture of coaching accountability and sales coaching process ensures managers coach reps on the most important area.

Key to coaching success

The key to effective coaching is to provide specific tools, identify gaps and enable remediation workflow that is readily accessible to both managers and reps every day. By supporting this framework with a process that maps each coaching needs to a subject matter expert will make the stakeholders’ accountable.

It’s no longer enough to coach in one-on-one meetings just a few times a year. Companies are now agile and reps and their managers need to be too. Reps need constant development to help them sell better. They need to be coached on a variety of things. Here are some examples:

  • Identifying what stage their buyers are in;
  • Understanding their sales funnel and how to prioritize prospects;
  • Learning how to tailor value messages to buyers;
  • Preparing for that big meeting;
  • Navigating who their champion is;
  • Trying to find the right angle to close the deal;
  • Understanding how to maximize the opportunity in their territory; and
  • Analyzing a lost deal.

This has to be done in real-time, not just when it’s scheduled into the diary.

Coaching from a manager’s perspective

A coaching framework needs to have enough flexibility to accommodate different managerial styles and the individual needs of sales reps. Managers shouldn’t be left to try and figure it out on their own. In fact, managers may not always be the best people to coach on some things at all. Sales Enablement and Product Marketing may be better equipped to coach reps on product demos while managers are best left to coach on the finer points of specific deals.

That’s why best-in-class sales organizations are moving towards an outcome-oriented approach, where different leaders and subject matter experts (SME) collaborate to make coaching successful.

This structure works best when the responsibilities of each stakeholder are clear and their expectations are aligned. We’ve found a framework that encompasses the needs of most sales organizations:
sales_coaching_formula_matrix

I call this the aX + bY + cZ formula for effective sales coaching.
sales_coaching_formula

Depending on the complexity of sale, a, b and c will change the priority of what a rep requires coaching on. For example, FMCG retail sales Sales Process and Execution Discipline (Z) will have the highest priority so c will be high, with b and a being a smaller percentage. For sellers of complex technology software Knowledge and Messaging (X) and Sales Skills (Y) may have a higher priority, so a and b will be a much higher percentage than c. SDR sales may place more weight on Sales Skills, giving b the highest weight.

The trick to the perfect coaching formula is that it’s tailored for your business. Your magic formula will take into account the specific intricacies of your industry, product and prospects, along with the needs of your reps and managers to create your own aX + bY + cZ.

Making Sales Coaching a Team Effort

make_sales_coaching-team-effortNo athlete is perfect. Each has their own unique skills and areas that they can improve upon, that’s why even elite athletes need a team behind them. Usain Bolt is the fastest person alive but in the lead, up to the Rio Olympics (where he won his ninth Olympic gold medal), he credited his team led by coach Glen Mills as the strength behind his success.

Mills has never been an elite athlete. He’s a

career coach

, one who has learnt the ropes from the ground up and trained in aspects of anatomy, agility, coordination and even talent identification to become the best in the business. Running may be an individual sport, but Bolt’s success is thanks to a team of experts from doctors to nutritionists to Mills, who all put his needs front and center.

 usain-bolt_coach

Focus in on the target

Sales is no different. While achieving quota is up to the individual rep their success is a team effort. For each team, the focal point of their efforts starts and ends with the needs of the sales rep.
sales-rep-manager-enablement

In order to stay on top of their game reps require sales coaching on three areas:
sales-reps-coaching

The mix of each of these disciplines that a rep requires will depend on a range of factors such as their industry, product and skill level. Each business will need to determine what is the appropriate blend of weighting that each need for their business. This then forms the basis for your sales coaching program. By structuring your coaching program you can take the risk out of your revenue forecasts. Research from The

Corporate Executive Board Company

showed that reps who received as little as three hours of coaching a month exceeding goals by 7%, boosted revenue by 25% and increased their average close rate by 70%. Without a structured program in place, your sales organization is leaving your revenue in the hands of fate.

Success is a team effort

While the manager plays an integral role in coaching a sales rep to success, they are not the only person involved in the process. Sales enablement and capability, sales coaches, leadership and product teams are becoming increasingly involved in the coaching process. Some actually take on the role of coach in some areas, while others help enable the sales manager so they can coach more effectively. Each and every role in the coaching process is important.

For example for some organizations their sales coaching framework looks like this:
sales-coaching-team

With the roles of each stakeholder defined within the coaching framework, your subject matter experts have clear expectations of what they need to do. This also surrounds sales reps with a team who are all there to help them achieve success.

Having everyone on board is an important step towards creating a culture of coaching. To ensure the culture is entrenched it’s also necessary for coaches to be accountable.

Scott Erdinger

suggests some useful ways to reinforce the culture of coaching like establishing uniform expectations across every member of the team from the VP Sales down. This ensures both giving and receiving coaching is role-modeled by all. Highlighting those you are achieving is also effective, but the key here is not to just mention who they are but to also share what they did. This again helps role-model behavior and imparts knowledge to other reps. Finally, he suggests a carrot and sticks approach to accountability, where those who engage in the coaching process are rewarded and those who opt-out face consequences.

The mix of activities that are appropriate will depend on the nature of your team, its members and how entrenched sales coaching is in your organization. Like anything worth doing, coaching requires hard work, but the potential benefits to your team and topline are endless.

Only 37 Percent of Your Salespeople are Effective. Do You Know Who They are?

Research published by The Harvard Business Review found that salespeople can be segmented into eight different types, but only three of them are consistently effective at selling. That means for every rep you hire only 37% of them will be consistent performers. Worse still, the research found that the remaining 63% demonstrated behaviors that actually drove their performance down further. So if you keep hiring the same type of reps you may never actually get them to ramp up effectively unless you know what areas to focus on.

The researchers observed how 800 reps applied 23 different sales skills that had been identified for success. These skills fell into seven different categories:

  1. Meeting preparation
  2. Customer interaction
  3. Company presentation
  4. Presentation rapport
  5. The sales pitch
  6. Storytelling
  7. Rising to the challenge

Sales coaching can make all the difference

The good news is that each of these behaviors can be learned and improved upon with the right training, coaching, and reinforcement activities. This is where managers have a large role to play. As

Tamara Schenk, Research Director at CSO Insights explains, “Lasting behavior change requires ongoing reinforcement. This is where coaching comes into play.”

But sales coaching for the sake of coaching isn’t enough. For managers to coach effectively they need a structured process to identify gaps and fill them. Without a structured coaching program, you’re just leaving your sales success and revenue to chance. Even the best reps can use some tips to help them improve their behaviors and win rates. There are eight types of reps, each with their own strengths and weaknesses. We also share some effective sales coaching techniques for each kind of seller.

1. Experts

As natural salespeople, experts know what they’re doing and customers love them.

Coaching opportunities: Step up to mentor their peers and share their best practices is a growth opportunity for experts.

2. Closers

They can close a deal, but these smooth talkers can turn off customers

Coaching opportunities: Focus on coaching on softer skills can help closers improve their selling style and keep them engaged and motivated.

3. Consultants

These problem-solvers listen to their customers well but overlook case studies that can help them extract more sales value.

Coaching opportunities: Focus on how they interact with customers, engage in storytelling that can help them build deeper relationships.

4. Storytellers

With the gift of the gab, storytellers could sell ice to the Eskimos but they often lack efficiency and structure in their selling process.

Coaching opportunities: By helping a storyteller focus their meeting agenda, set targets, and improve self-awareness they can close more deals quicker.

5. Aggressors

They may win the deal, but their aggressive approach toward price can put some customers offside.

Coaching opportunities: Aggressors can improve their sales results by rounding out their skills so they focus on value more than price. Coaching on softer skills may also help them build a stronger rapport with their customers.

6. Focusers

No one knows their product better than a Focuser, but their lack of confidence can make it challenging for them to identify what their buyer really needs.

Coaching opportunities: Focusers can benefit from coaching that helps them identify an opportunity, understand their customer’s pain points and articulate your value proposition.

7. Socializers

Everyone loves a socializer, but the pleasant chit-chat can get in the way of making a sale.

Coaching opportunities: Moving from a good rapport to talking business is a behavior that can be improved by setting short-term targets and close guidance.  Socializers may also need help understanding their sales funnels, so they make the most of the opportunities they have.

8. Narrators

A good sales script can be a useful guide or a hindrance. For narrators, it’s a case of the latter, where they feel lost without their script.

Coaching opportunities: Customer conversations are rarely scripted, so Narrators require coaching that helps them understand their customers, tailor a pitch to meet their needs, and handle objections confidently.