Mindtickle and PSI: Helping Sellers Speak the Customer’s Language

Do you know what “TK” means in life sciences? How about “kaizen” in manufacturing? Do you understand how AI is affecting financial services or how the Internet of Things (IoT) is changing manufacturing models? For new reps selling into these verticals, familiarity with industry hot topics and vertical-specific concepts like these may mean the difference between closing a deal and losing it. That’s one reason why Mindtickle and Performance Solutions International (PSI) have joined forces in a new partnership.

Speaking the customer’s “language” is critical on many levels, but especially when companies go to market by industry. Reps selling in this environment must have a level of expertise that shows they are market-savvy, that they understand industry dynamics and challenges, and that they understand the products and services sold in the market. Engaging on a deeper level inspires trust and confidence in the seller’s ability to understand their needs and deliver a solution that will have a significant return on investment — critical elements in making a sale.

No one understands this more than PSI, a leading provider of industry-focused performance improvement services that empower professionals with the knowledge, industry context, and insights they need to succeed in today’s highly competitive environment. With its 25 years of experience, PSI is an expert in helping professionals understand specialized industry dynamics, including the competitive landscape, market trends, and key executive hot-button issues.

Together, Mindtickle and PSI offer Sales Readiness paths that drive knowledge specific to companies in financial services, manufacturing, health care, and life sciences, insurance, retail and technology, media and telecommunications. Mindtickle’s data-driven approach to gamification-based learning, virtual role play, and coaching is enriched by PSI’s industry wikis and eLearning curriculums. The combination of our offerings sets the stage for customer-facing professionals to become more than just sellers; but rather, knowledgeable and consultative advisors.

The genesis of our partnership with PSI was driven in large part by two Fortune 500 clients of both PSI and Mindtickle. A successful go-to-market strategy common among many large enterprises includes an industry-specific approach, as is the case with these joint clients. Both immediately saw that our solutions provide a winning combination to help prepare their reps to close more opportunities.

Our partnership with PSI emphasizes the importance of Sales Readiness. Gain what you need to know about how AI is affecting health care or financial services or how the Internet of Things (IoT) is changing manufacturing models. Then, build the skills and behaviors of a top producer. And, for those inquiring minds that want to know, “TK” is “toxicokinetics,” and “kaizen” is “the practice of focusing on continuous process improvement.” — two definitions that I know everyone can’t live without.

How Gamification Engages Millennial and Gen Z Employees

As more tech-savvy employees enter the workforce, businesses must think about how to engage Millennial and Gen Z employees during the onboarding process. After spending months finding the right person for a job, you don’t want to lose them due to a corporate onboarding process that doesn’t resonate or set them up for success. You risk shrinking that new-employee honeymoon phase with boredom and disillusionment.

Instead of leaving your new hires to read a manual or watch videos of company presentations, consider using gamification to create active challenges and track progress with shared metrics.

What is onboarding gamification?

Onboarding gamification is an approach that engages workers in corporate training and other learning activities using entertaining activities, rewards, gratification, and feedback. As a set of techniques, gamification uses tools refined in video games and apps to drive engagement with onboarding content.

There’s a good reason gamification works. Video game and app developers discovered decades ago that by asking social scientists to analyze user behavior, they could refine the software to encourage engagement—even addiction. Thank a social scientist every time you smile when your post gets liked, or your iMessages “ping” for attention. The techniques of behavioral design apply as directly to training as they do to entertainment. Instead of focusing on keeping a gamer on an ad-supported platform, HR managers might apply these same techniques to progress a worker through a structured program to learn a defined set of skills.

To demographers like Pew Research, 1996 is the birth year that defines the border between Millennials and Gen Z. As digital natives, today’s young Gen Z and Millennial workers have high expectations for engaged learning. If you were born in or after 1996, you never knew a world without high-speed internet access. You know you can look up almost anything you’ve ever wanted to know. Chances are, you’ve been using apps and playing video games for most of your life. To this generation, gamified onboarding is more natural, more fun—and more effective—than any passive alternative.

Why change your strategy for Millennial and Gen Z workers?

You’ll need to change your strategy because, simply put, gamification works better. Materials designed for the Post-War and Boomer generations might depend on videos, slideshows, and manuals, but they will never be as effective for this new cohort. And it’s not just about technology, either.

Current events, social changes, and other forces have left new Millennial and Gen Z employees with very different motivational and behavioral patterns than their Boomer and Gen X parents. While everyone is shaped by their parents to a certain degree, generations as a whole are shaped to some extent by opposition to the previous generation.

Members of both generations are typically comfortable with technology. Smartphone apps, collaboration software, and messaging are as familiar to these generations as jets and TVs were to Boomers. With their social relationships forged online using social media, texting, and other tools, these cohorts seamlessly communicate across time zones and physical locations. Similarly, technical gamification elements like unpredictability and social influence feel natural and make engagement interesting.

Why gamifying the process is effective

Gamifying the process is effective because “fun” is fundamentally a manipulation of behavior that leaves participants wanting more. The modern video game and social media industry have supported extensive social science research into human behavior. The result has been the development of social and interactive learning techniques, such as those described by Yu-kai Chou’s framework, that are much more sophisticated than the badges, progress bars, and notifications of the past. We’re already seeing tools like Slack and Workday take hold and apply the social engagement of Facebook into the serious business of project collaboration.

Applying the research of gaming and social media into gamified onboarding can lead to important progress toward corporate goals for new hires:

  • Improved productivity comes from better knowledge of how an organization functions. For example, setting employees on a “quest” to learn from other employees allows new reps to spend more time “doing” and less time finding out “how to do” tasks at their new company.
  • Increased retention rates for new employees are ensured because individuals feel empowered and productive as quickly as possible. Effective onboarding programs can get new employees past those critical first 6 months when an estimated 86% of new hires make the decision to stay or leave a company.
  • Aligning business goals with onboarding is easier with a structured program that builds content for new hires with key business goals in mind. Without structure, new employees will learn on the job, and the company has less control over how the worker perceives the company, their day-to-day-work, and overall goals. By aligning onboarding games and activities with key company goals, businesses can reinforce core values and instill the right habits from day one.
  • More consistent results come from a structured program, which can be measured and refined over time based on feedback and results.
  • Better understanding of progress and areas for improvement is possible through a more structured, goal-oriented approach to onboarding. Gamified onboarding (as part of a larger onboarding program) allows you to gather feedback and data, and use that information for evaluation cycles that are key to continuous improvement. Adding competitions and social connections, for example, generates data that can be used to track the progress of the program itself.
  • Support for continuous training requires onboarding new employees in a structured and gamified program, which sets up expectations for continuous training.

Effective onboarding programs can get new employees past those critical first 6 months when an estimated 86% of new hires make the decision to stay or leave a company.

How technology can help

Game mechanics don’t have to be derived from software, but it can help. At Deloitte LLP, for example, the onboarding program is very gamified. Early on, compliance, privacy, and ethics training materials were taught using a game board, modeled after the popular game “LIFE.” Today, the firm has expanded on the model to build an online game called The Chosen Analyst to teach professional consultants’ skills around a narrative of the coming Zombie Apocalypse.

Deloitte learned the power of game mechanics first, then applied technology to serve those objectives. The process pulled from storytelling the way traditional video games do. A story, like the Zombie Apocalypse, had to be compelling—and a little outlandish—to be fun. A good onboarding platform implements the best gamification elements so that corporate resources can focus on learning to be transferred to new employees. Best practices for gamification elements include:

  • Game mechanics like points for accomplishments, bonuses for special features, time-based tracking and a progress countdown, defined goals and levels, and an acknowledgment of status.
  • Engagement where participants develop stories, take on challenges and quests, and develop characters and avatars
  • Elements that give participants control over the game, the freedom to fail, and consistent feedback.

Recent disruptions caused by the novel Coronavirus pandemic have given firms everywhere an appreciation for virtual learning platforms and self-paced training activities that keep training moving even when participants can’t travel or interact directly. With cloud-based tools that can be continuously refined based on engagement and progress metrics, modern training platforms are applying these best practices to one of the biggest challenges in human resources: onboarding.

The revenue generated by billions of gamers and social media users has created a golden age for social science research into online user behavior. Mindtickle has now applied this research to onboarding as a way to optimize how Millennial and Gen Z digital natives learn when they join the workforce. Onboarding success has the potential to not only improve retention, but also drive productivity and predictable quota attainment. 

Ready to see what Mindtickle can do for revenue productivity at your org?

Get a Demo

The Art of Field Communications in 2020: A CMO Perspective on Updating and Aligning Remote Teams

6 weeks ago like for every other profession, what it meant to go to work changed for marketers too. We gave up commuting, dress shirts, dropping by unannounced to ask our sales friends how the quarter was going, and worrying about expo hall logistics.

COVID-19 also had an unexpected, positive side effect. It has reinforced the importance of marketing as a function to coordinate the GTM response across different field organizations as we move to a new normal in which remote or hybrid-remote is here to stay. This makes three GTM priorities even more critical than usual.

  • Ensure the category, company and its solutions are more relevant than ever
  • Ensure company executives, customers, frontline personnel and partners are staying up to date on market changes and the company’s response
  • Leverage expertise across the business to rapidly roll out initiatives to reskill, re-message, and engage customer-facing teams.

This makes regular field communications and updates one of the most critical initiatives marketers can execute to engage their increasingly remote and virtual field teams. For those of us in the community sharing notes on emerging best practices for updating the field, three common, positive trends have emerged in the first wave of response to the new normal.

First Principles for Field Communications in the remote-hybrid environment

The best marketers in the business have quickly pivoted to:

  • Agile re-planning and management, manically focused on bite-sized updates produced through cross-team collaboration, while pushing urgent and transparent communications to the field
  • Continuous 1:1 feedback loops and micro-updates with individual sellers and other representatives to inform and prioritize efforts including new messaging and demand gen mechanisms like virtual events
  • Setting the expectation for scheduled, consistent field updates delivering usable information and tools with lower emphasis on ‘video perfect production values
  • Making the sensible pivot to a single cost-efficient platform like Mindtickle for communication and updates
  • Already familiar with product marketing, enablement, and content teams, as well as their audience in pre-sales, sales and services for learning, skill development, coaching and updates, the delivery platform, became a non-issue

My own team and I have been fortunate to learn from, adopt and implement many of these first principles for our own field updates and communication. It has been one of the most strategic projects we have undertaken in the last month. The result has been consistently positive feedback and demonstrable value in the field. There are a few reasons for this, many of which are core principles that we talk about in sales readiness and enablement.

 

(Engage, Motivate, Measure Effectiveness with customer content and social sharing)

Principles Driving Mindtickle’s Effective Use of Mindtickle for Field Communication and Updates

  • An agile mentality and personal commitment from every member of the extended marketing team to focus on usable deliverables
    • Enabling our SDRs, AEs, CSMs and other colleagues to get meetings and drive value-added conversations with customers is the single filter we use to define and execute content.
  • Load sharing, cross-training and democratizing the ideation and feedback-loop
    • Implementing a tiger team, sponsored by me and led by product marketing and enablement has allowed us to draft campaigns and roll-out across pre-sales and sales initially, then to customer services and now the entire company.
  • Using multiple tools, but focusing on Mindtickle for Mindtickle as the defining authoring, consumption and tracking mechanism as the measure of effectiveness. This has been possible because of our approach to
    • Integrating our corporate collaboration hub and channels, content repositories, email, web conferencing and work management platforms with Mindtickle.
    • Enabling the marketing team to be power users of the platform across basic features such as native content collaboration and authoring tools, as well as interactive elements like gamification, social learning, surveys and polls.
    • For the first time, getting direct insight into how the messaging updates and tools are translating into improved field capability from advanced Mindtickle capabilities like call and web-presentation intelligence (integrated AI-evaluation) and coaching feedback.
  • Constant outreach to customers, partners, analysts, board members and industry colleagues to share and validate ideas on how to best position and deliver new messaging, virtual field campaigns and tools.
  • The support of an executive team that is open and welcomes being measured on their participation and completion of certifiable materials in these updates.

Our Implementation and Experience

Finding an agile approach, cadence and a structure that works for us has been an important aspect of why the weekend update, as it’s often referred to, has become something looked forward to by the marketing and consuming teams alike.

A few highlights include

  • In Mindtickle’s case, we push out our updates every Sunday evening. After 3 weeks of waking up to the Monday morning ‘ping’, we have noticed seller participation and completion rates in excess of 50% within 2 hours of the first digital notification
  • In our working meetings we iterate on the coming week’s update and key dependencies and resources with the help of a lite Kanban board
  • Consistent content includes links to an information-packed marketing calendar, mini-customer podcasts, videos or information snippets, content, PR and analyst air cover or wins as well as competitive snippets
  • Using inputs from field surveys pushed out to the field teams; Since we started using Mindtickle’s native survey tools we have seen field input go up 100% to nearly 90%
  • While the priority is quality and speed of execution, we engage our Content as a Service team (CAAS) as a secret weapon for design, videos and graphics for market-facing content
  • Our head of strategic ops coordinates the schedule and team member submissions; By working closely with sales enablement we are now able to create a curated, sub-experience for our sales and pre-sales team while using the same content for the rest of the company
  • We use one of our most popular modules called the Quick Update to deliver the weekly update; This powerful feature allows the team to use the best possible combination of personal videos, slideware, documents as well as linked materials from customers or partners to serve up content; We are also incorporating simple assessment and certification features like quizzes, exercises and assessments to ensure retention in addition to completion
  • We regularly meet with the sales enablement and management team to share and receive feedback on completion and engagement blockers and understand how assets and tools are being perceived by customers as well as their teams

 

(Simple quizzes and polls reinforce key talking points and drive interactivity)

There is more to be done. Content across updates must be ever more relevant and usable, meet higher production standards and we are figuring out how to keep up the pace of producing 3-4 quality assets each week ranging from market-ready content like from how-to guides to fire-side chats with customers. This challenges our nimble, but small team–but the feedback and receptiveness from the company (and hopefully soon our partners) has been compelling and inspires us all to keep aiming high.

 

(Content and Tools are only as good as the engagement they drive)

New Tools for Remote and Ready Initiatives

This week, with the benefit of not just these outside best practices, but our own evolving experience we are pleased to publish this blog post as well as a comprehensive guide for field communications and updates and a quick how-to video to our remote and ready resources repository.

Whether you are a marketer, in the business of working with customers or an executive I hope you find these resources worth your time and will reach out to learn how I or my team might assist you in your own journey to engage and up-level your customer-facing teams with or without Mindtickle.

Five for 5: Five Tips to Virtualize a 5-Day Sales Certification Bootcamp

Whether you’re a sales enablement leader responsible for sales certification or an L&D practitioner ensuring your customer-facing teams are trained, you’re likely strategizing on how to engage and coach your remote teams. Typically, you’d develop a bootcamp for in-depth training or sales onboarding, but these aren’t normal times. Your challenge is creating a virtual equivalent to the traditional 5-day sales certification in-person bootcamp slated for the end of the quarter. How do you take a “tried and true” certification program, that your organization has delivered in person for years, and successfully transition to a fully virtual offering? First, take a deep breath… Here are 5 critical tips for effectively transitioning a certification enablement bootcamp to online delivery.

Don’t Try to Recreate the In-Person Experience
This may seem like a no brainer, but when a certification program is an established institution at an organization, it may be hard to conceptualize anything else. Start by taking a close look at your agenda and decide what can be adapted or even cut out altogether. Activities like, introductions, company overviews, and trainer backgrounds could be provided ahead of time or cut completely.

Consider a Blended Approach
Use a blended framework that includes pre-work, self-paced content, virtual roleplay (e.g. Mindtickle Missions) and webinars to create an engaging learning experience. Assign pre-work and reading before the training begins. Asking sales leadership to record a video that demonstrates a best-in-class pitch or demo is a great way to keep learners engaged. (Pro tip: Be sure to keep it short and simple) Create self-paced voice over slideshows and pre-recorded videos to teach information and show what great looks like. Save the webinar (in person time) for discussions and Q&A. Consider requiring participants to complete pre-work in order to participate in the program. This will increase engagement and motivate learners to come prepared.

Focus on Skills
Re-evaluate your objectives and focus on the specific skills needed for certification. You will probably need to adjust the agenda and even the content in order to stay skills centered. Remember, while it may be important to know the five product lines at your company, focus only on the ones they are currently studying. Provide opportunities to apply their skills using virtual roleplay activities that include constructive feedback from managers or trainers. Consider using scenario based questions to reinforce skills and knowledge, then complement that with incentives to drive engagement. For example, Mindtickle leverages gamification and allows team members to earn badges as they go.

Communicate Early and Often
Write communications with a “what’s in it for me” mindset and set/send expectations well ahead of time. Be sure to clearly state due dates, timelines, technical requirements, and pre-work. Don’t forget to communicate with managers and leadership as well. They should be aware of the changes to the program and any new expectations so they can answer or direct questions. Additionally, if managers will participate in roleplay activities, it’s important they are enabled on the tools used and provided guidance on the activity parameters. Follow up with at least one additional communication prior to the first day of the training.

Review and Refine
As you move the certification program from in-person to virtual, it’s critical that you evaluate participant feedback, engagement, and performance during and after the program. Use polls or surveys after each section to gauge learner experience. Use the data to look for trends or gaps that need to be addressed. Be prepared to make changes on the fly. Creating a scalable program can be challenging but have a big impact on outcomes.

Using these strategies as well as a robust Sales Readiness platform, such as Mindtickle, you can confidently deploy your virtual certification program. To learn more about Mindtickle’s enablement platform request a demo here. Or if you’re already a customer and have any questions, please reach out to your Mindtickle Customer Success representative.

For more information, please see our page about how Mindtickle supports virtual and online sales events.

Five Things to Consider When Executing Your Client Experience Strategy

Recently, I spoke to Julie Zhang, Director of Sales Enablement for Russell Investments, about how they took their client experience strategy from inception to execution. They achieved this by empowering and enabling their client-facing staff, but it hasn’t been easy.

One of the most important things they’ve learned along the way is that taking an idealistic strategy through to execution is challenging. It’s inevitable that things will breakdown along the way and the end result won’t always look as shiny as the strategy anticipated. Here are five things that Julie learned along the way that can help you execute your client experience strategy effectively.

1. Don’t assume people will tell you everything

When you ask someone whether they understand something, human instinct tells them to say they do know it even if they don’t. This means if your salespeople tell you they understand how a new product works or they know what a good client experience looks like, chances are they really don’t.

Rather than relying on your client-facing people to tell you what they know, test for it so you can objectively understand what they know and where their gaps are. This will give you a baseline to start with and help you put in place a roadmap for what you need to do to achieve your strategic vision.

For example, Julie asked the client-facing staff to record a video of themselves doing a pitch and send it to their managers. While this was uncomfortable for many, it was also a great learning experience because it highlighted to them very quickly that they didn’t know what they thought they did. As a result, there was no push back from the sales team when it came to executing the new strategic initiatives because they already knew they had a knowledge gap.

2. Remove friction points first

It can be futile trying to implement new processes, training or changes if your client-facing staff are distracted by other things. Before you start trying to execute on your strategy, identify and remove some of the areas of friction that are affecting how your people do their job.

For example, Julie identified that there were a lot of internal emails that were absorbing the time of their client-facing staff. These emails included sales collateral and other information that people needed to know. So Julie replaced these emails with bite-sized pieces of content, like a short video where a portfolio manager provided an update on a fund. This content was delivered to client-facing staff directly to the Mindtickle app on their mobile device. So rather than wading through emails, they could watch the content when it suited them.

This change not only gave people more time to focus on the client experience, but it also gave the sales leadership team important information. They could see who accessed the content and who needed to be followed up. Managers could also use quizzes and gamification to test who understood the information and drive engagement.

3. Don’t be afraid to rebuild

Unless you’re starting with a greenfield site, there will be processes and bad habits already in place. While change is hard, it can often be more difficult to try and work around existing processes. So don’t be afraid to go back to the drawing board and rebuild from the ground up.

4. Layer learning for retention

When you launch a new product or service, it can take up to six months before client-facing staff are comfortable talking about it with clients. To accelerate this process, Julie implemented a series of training that was layered and leveraged multiple mediums to improve retention. The training incorporated a blend of virtual testing, videos, integrated quizzing, pitch back videos and coaching. When combined, they found that this training accelerated the execution of their strategy and raised the bar on the skill levels of their client-facing staff.

Through this process, Julie found that knowledge retention requires a process of continuous improvement. Client-facing staff need to hone their skills and develop their knowledge on an iterative basis to execute consistently. Regular reinforcement and making training part of their day to day was crucial to layer learning so that it’s retained over the long-term. One way that Julie achieved this was by extending Russell Investment’s onboarding program from just two weeks to six months.

5. Work out what you’re measuring

While measuring sales results is, of course, important, Julie found that measuring engagement was actually more important to implement their strategy. That’s because they needed their client-facing staff to learn, and to learn they needed to be engaged with the process. So Julie focused on engagement metrics, like how often people accessed training and how long they spent on training each day. By doing this, she found that as engagement increased so did their sales results.

To determine what you should measure, she suggests analyzing your data at the outset to identify what things are preventing your client-facing staff from learning and retaining knowledge. For example, Julie found that the enablement software they were using wasn’t intuitive and the training was quite boring. So they addressed these issues by using software that leverages gamification, produced more concise training videos and introduced multiple training formats.

If you’d like to hear more about how to execute your client experience strategy effectively, you can watch the full interview.

Oscar Collingwood-Smith
Lead Market Manager, Financial Services
Mindtickle

Spaced Reinforcements: Helping Sales Readiness and Enablement Win the Battle Against the Forgetting Curve

Mindtickle Spaced Reinforcements Blog

All too often we “commit” something to memory, only to completely forget that information or a portion of it hours later. We sometimes jokingly blame it on getting older, but these growing knowledge gaps surprisingly have less to do with our age and more to do with the way our brains actually work. There is, in fact, a term for it: the “Forgetting Curve.”

Coined in 1885 by German psychologist Hermann Ebbinghaus, the Forgetting Curve is a mathematical formula depicting the rate at which humans forget information if there’s no attempt to retain it. The formula shows that humans forget approximately 50% of new information within an hour; that number increases to 70% in 24 hours and 90% after 30 days.

Sales and other customer-facing representatives are likely familiar with the phenomenon. As a sales rep, information about products, services, and even industry trends boost credibility and adds value in the eyes of the customer or prospect. This in combination with the skills and behaviors to effectively convey that knowledge elevates the rep to “consultative professional” and can greatly influence customer experience, customer satisfaction, revenue, and brand value. But with the Forgetting Curve working against them, customer-facing reps have a more difficult time retaining information to be seen as a credible authority and attaining that “consultative professional” status. Even more recent research like the 2006 report Spacing Learning Events Over Time: What the Research Says by Will Thalheimer indicates that “spacing is particularly beneficial if long-term retention is the goal.” Mindtickle’s Spaced Reinforcements has emerged as a critical capability to overcome this dilemma.

Spaced Reinforcements is the industry’s only intelligent and adaptive tool that leverages microlearning coupled with spaced repetition, retrieval practice, coaching, and personalization as well as gamification and smart notifications to promote knowledge retention. Leveraging these mechanisms that are automatically delivered at intelligently spaced intervals, Spaced Reinforcements helps reps stay productive and builds their proficiency levels so that they can retain more information and speak with more confidence, credibility, and authority to prospects and customers. More importantly, sales leaders gain insights into the improvement of the sellers across their competencies.

Through Mindtickle’s intelligent and adaptive engine, personalized questions and scenarios are presented based on how individuals respond to the reinforcement process.  For example, if a rep has demonstrated proficiency in a specific area, that area will not repeat as frequently given the individual’s mastery.  Conversely, a rep who requires improvement in an area will see increased frequency in related questions and scenarios.

Mindtickle also makes Sales Enablement and Readiness programs more engaging and fun by awarding points for correct answers and attempts. Representatives earn badges for completed levels within established time periods. At the same time, business leaders gain actionable insights into their team’s proficiency and capabilities so they can identify areas that need more help and can be remediated with training, coaching or other skill-building. And, Spaced Reinforcements can be implemented as part of a Sales Readiness strategy to help sales reps learn complex concepts and stay up to date on ongoing regulatory compliance issues that their financial services and healthcare customers and prospects care most about.

In short, Mindtickle’s Spaced Reinforcements fosters a culture of continuous improvement and knowledge sharing that reduces the knowledge decay depicted by the Forgetting Curve. As a result, reps bring greater value, share more meaningful insights, and address business challenges for their customers and prospects — all leading to more closed deals, revenue, better customer experiences, and greater brand value.

So, the next time you forget to remember something, remember to give yourself a break. Blame it on the Forgetting Curve. Then look into Mindtickle’s Spaced Reinforcements.

For more information, visit the Spaced Reinforcements Solutions Page.

Sales Readiness is a Lifestyle, Not a Diet

The concept of dieting has been the target of a lot of criticism over the last 10 years as experts expounded that drastic regimes aimed at quick weight loss don’t work well. Their research indicated that people eventually come off the diet and end up gaining back whatever pounds they lost. Instead, the experts and researchers say, it’s better to make the commitment to a healthy lifestyle. Exercising regularly, eating a variety of wholesome foods, and keeping your stress levels down will be much more beneficial in the long run.

While I’m no expert on diet or nutrition, this kind of thinking strikes me as a useful analogy between the “healthy lifestyle” idea and the kind of broad, balanced, sustainable approach to sales readiness that many companies are looking for. To that end, here are three analogous principles between healthy living and a healthy sales readiness program:

 

  1. Serve up content in moderate portions and spread it out over time.

    Too often, sales teams experience a kind of feast-or-famine content and training cycle. For example, a glut of content before an important initial presentation, with minimal support for the follow-up meetings. Or rigorous onboarding, followed by haphazard ongoing learning. Microlearning activities can help you distribute training over a manageable timeframe. It can provide “portion control” for your sales readiness and enablement program, so that reps don’t have to rely on ‘cram sessions’ for important meetings. It can help you build long-term, sustainable change and reduce the risk of sales teams crashing back into old habits.

  2. Stay active.

    Vigorous, sustained activity is one key to health and longevity that everyone agrees on. It’s crucial for sales readiness initiatives, too. Practice, practice, practice. Simply presenting information to your salespeople is like asking them to read a book about exercise, often doesn’t include actually doing exercise. It’s not just what you know – it’s how you apply that knowledge. This is where video role plays are hugely helpful, not just for polishing pitches, but for supporting active coaching and the ongoing conversation between reps and their supervisors or management. Virtual role plays and near-real-world simulations of sales scenarios can help your reps hone their skills and apply the knowledge they’ve acquired, in a supportive environment.

  3. Mix it up.

    Look for those different ‘colors’ on your sales readiness plate. People have different learning styles; give them a variety of content – polls, quizzes, bite-sized content, quick updates. Of course, with any healthy diet, there should still be room for dessert. Make it fun! You can sprinkle in gamification, rewards systems, leaderboards. Provide a variety of access, too, via desktops, mobile devices, or your CRM.

 

 

Mindtickle can help your business build a healthy, sustainable sales readiness program. At the same time, you’ll be helping your reps with a bit of stress reduction too! At the risk of mixing metaphors, you could think of our platform as your trusted personal trainer in your drive to sales readiness success.

To learn more about how Mindtickle can help your sales readiness initiatives, contact us!

Sales Readiness: Delivering a Superior Customer Experience in Financial Services

Once the bastion of stability, the financial services industry is now facing new challenges from every vantage point. Disruptive competitors, regulatory reform, fickle customer loyalties, changing employee expectations and reputational damage are stalling growth and increasing churn for traditional operators. While your organization needs to defend its ground, conventional weapons are no longer sufficient to maintain revenue or profits. The key to winning the battle is to change how your customer-facing people serve your customers.

There are five factors driving change globally in financial services

  1. Tech-fueled competitors are disrupting sales strategies:With a focus on personalization and self-service, modern platforms deliver superior customer experience quickly. They also use data to understand customer pain points and finetune how their sales teams deliver an effortless experience.
  2. Service excellence and seamless experiences set new benchmarks:In a digital world, customers expect their services to be delivered conveniently and effortlessly. Subscription models have also reshaped brand loyalty with customers needing to experience value or opting out.
  3. Reputational damage has affected consumer confidence:Over the past decade, events like theWells-Fargo scandal

    and the subprime mortgage crisis have left customers disappointed and frustrated. Lingering consumer sentiment continues to impact the industry’s reputation.

  4. The financial services industry is under a regulatory microscope:Laws surrounding risk management and compliance are constantly changing. This places additional pressure on your frontline to ensure they’ve met compliance obligations when dealing with customers.
  5. The workforce requires more flexibility:As baby boomers move into retirement, millennials and Generation X comprise the majority of the workforce. Organizations must take into account new preferences, like short bursts of information and digital solutions, when designing how people work.

 

While your organization can’t directly control market or regulatory responses, you can control how you deal with these challenges. By focusing on the skills and aligned behavior of your employees and the experience that they deliver to customers, your organization can have some control over how your customers respond.

Your people are key to delivering a superior customer experience 

With the financial ecosystem evolving so rapidly, customer experience is increasing in importance. It is no longer just about providing good service – it’s about fostering lifelong partnerships that require understanding, problem solving and engagement. This means customer-facing staff need to be ready to stand and deliver every time. By focusing on customer readiness drivers your people can execute a best practice experience.

There are five customer readiness drivers you can double down on to empower your customer-facing people:

  1. Align culturewith customer-focused value: At each level of your sales organization, the desired culture needs to be defined and implemented. For culture to be an effective customer-readiness driver, you also need to systematically test the behaviors you desire to ensure they are executed consistently.
  2. Adopt a solutioningapproach to customer engagement: Thanks to the internet, by the time a customer comes into contact with your salespeople they often know what solution they think

    they need. This can create friction in the customer experience that can be addressed by implementing a systematic way of providing salespeople with access to the right information and the capability to apply it.

  3. Facilitate compelling compliancebehaviors: Every back office process and customer interaction is guided by a constantly evolving framework of regulations, processes, and behaviors that must be met. Rather than being a roadblock, these can be an opportunity to reaffirm to customers that they’re in safe hands if compliance is seamlessly incorporated into your salespeople’s behaviors and skills.
  4. Implement agile transformationmethodologies: Most organizations have embarked on a process of transformation to improve and change how their business operates. To embrace accelerated change, your salespeople need to have the agility to keep up and engender confidence in their customers.
  5. Distribute campaignplaybooks to the field: Financial organizations often run multiple campaigns or new solution launches at any one time. Campaigns are only an effective customer readiness driver if they add value to customers, which requires salespeople to understand how it benefits their customers.

Arm your salespeople to deliver a superior customer experience 

To deliver a superior customer experience and win and retain customers for longer, your sales organization needs to deliver on these customer readiness drivers. To achieve this, many look to traditional methods of training their salespeople, but these have not been designed to address the challenges facing organizations today. To build salesforce capability and meet customer needs your sales organization needs to be able to:

  • Build confidence with knowledge:In a digital world, your salespeople need to build more knowledge in a short amount of time. They also need to find new ways to stay one step ahead of their customers while creating a personalized experience. Coupled with generational changes in learning preferences, this requires knowledge to be packaged and delivered in new ways.
  • Test the ability to execute:While it’s important that salespeople have the right information at their fingertips, that knowledge is of no value if they can’t apply it to specific scenarios. New learning tools, from gamified testing to video practice, allow your salespeople to practice and hone their skills.
  • Coach for improvement:To be a significant driver of performance, coaching must be targeted and consistent. Smart technology solutions can help organizations create a consistent coaching cadence.
  • Certify and measure success:Data has the potential to take sales organizations from being reactive to implementing proactive and targeted skill development. Modern tools enable businesses to capture, correlate and apply data across their sales organization in a powerful way.

 

To address the challenges you are facing in the digital age, your sales organization doesn’t have a minute to lose. You need to arm your people with knowledge, capabilities, and processes that allow them to put their customers at the center of everything they do. To create a best practice customer experience, your salespeople need tools, platforms and services that can help them achieve this. Get in touch with Mindtickle to find out how you can arm your salespeople to deliver a superior customer experience.

To learn more, download our full eBook: Driving Customer Experience from the Frontline of Financial Services

Three Secret Sales Skills to Look for When Hiring

*Editor’s Note: In this blog post, guest author and Global Sales Enablement Leader, Abby Vietor shares the three skills sales enablement leaders should look for when hiring.


Whether you’re operating within a growing business or trying to improve sales performance at a large organization, at some point shared tribal sales knowledge is no longer scalable, detailed, or accurate enough. Organizations seeking to outperform their market require the “next level” thinking that a strong sales enablement team can bring.

To build out a team dedicated to enabling and readying a sales team to drive more revenue and brand value, you need to ensure you’re looking for and hiring candidates with the right set of skills.

Broadly speaking, a solid sales enablement candidate will have a strong background in making sales teams efficient and effective, which directly affects a company’s growth and success. But for organizations seeking a “next level” enablement team, the ideal candidate possesses skill sets that are often not recruited for, but provide a tremendous benefit to your field. We can break these skill sets into three distinct, yet connected, personas: the psychologist, the social butterfly and the filmmaker.

The psychologist

The psychologist persona incorporates skills that go beyond curriculum design. All too often, large volumes of content are created without keeping in mind the audience — the seller — and how the seller feels about the type and frequency of enablement content they are consuming. We know that poorly designed curriculums reduce engagement by sellers, as does asking sellers to do too many things, too often. A candidate with a background in psychology, when networked close to the field, will be well-positioned to provide perspective beyond what a seller empathy map can provide. Enablement needs to be marketed to the field in the same way your product does. A candidate that asks “how does this make you feel?” will be more likely to create compelling and interesting content that will be absorbed and understood.

For more information about how high-performing organizations are approaching their sales knowledge transfer strategy, check out this webinar with SiriusDecisions: Sales Enablement in Real Time: How to Deliver Sales Knowledge When it Matters.

The social butterfly

The social butterfly persona speaks to the ideal candidate’s ability to interact with and earn the trust of sellers in a meaningful way, and subsequently pull valuable information about their day to day. The social butterfly collects intelligence about a seller’s cadence, whether they feel overwhelmed or poorly managed, what’s transpiring in their world in terms of a deal — deeper feelings that can be leveraged to drive enablement that suits that level of need. It’s important that this information be gathered in social interactions, rather than through surveys. Impromptu, casual conversations yield more transparent and honest insights; carefully crafted surveys and interviews yield carefully crafted responses.

The filmmaker

Finally, the filmmaker persona is important for teams that want to incorporate more video-based enablement, which has been proven to drive strong engagement. Many organizations lack the budget, talent, or bandwidth to produce any videos, let alone world-class training videos. As a result, companies either produce sub-par, uninteresting, and unpolished video content; or miss out entirely on producing any kind of compelling visual content at all. Of course, companies can contract with professionals, but this typically comes at a steep price. (Then again, sales readiness and enablement platforms like Mindtickle can make anyone a video whiz.) The ideal candidate will have the skills to produce compelling video content that will drive engagement and help to market enablement to sellers.

You’ll notice that each of these personas leverages the same two elements to connect with the seller: feelings and emotions. The psychologist is concerned with what kind of content will best resonate with the seller’s psyche. The social butterfly takes an active interest in how the seller is operating. The filmmaker creates quality video programming that emotionally engages sellers.

To see research from the Sales Management Association which explores the sales enablement function and its impact on the organization, check out: Research Brief: Sales Enablement Best Practices.

Given these requirements, your search for the perfect sales enablement hire might take more time. But don’t give up. Finding the right people is a key component to supporting your company’s growth, and will enable your sellers to be as effective and successful as possible.

Driving Sales Productivity: Aragon Research Draws the Lines Between Sales Enablement, Sales Readiness and LMS

If there is one thing technology vendors have really nailed, that is content marketing. With each new white paper and e-book, the digital noise aimed at buyers expands. This has been no different with sales enablement and readiness. Vendors and consultants have fallen over themselves to assure prospective buyers that they have worked out defining and differentiating sales enablement, training, sales coaching, sales effectiveness, engagement, readiness and so on. What has been missing is the authoritative voice of an analyst that marries deep practitioner experience with an in-depth understanding of the technology landscape.

The recent Tech Spectrum for Sales Coaching and Learning Report by Aragon Research is a timely and insightful snapshot of the sales training and coaching imperative as well as the technology solutions landscape. It is timely because of a renewed effort by learning platforms to co-opt sales readiness as a learning initiative and insightful because it provides a valuable framework to separate point solution pretenders from proven platforms purpose-built for sales readiness.

While this report certainly validates Mindtickle’s singular focus on tying the success of our platform to measurable capability (what reps say and do), more importantly, Aragon Research’s report lays out the interplay between sales enablement, corporate learning, and sales readiness. And at the same time, it also highlights mission-critical priorities for coaching and applied learning in the flow of work.

Mindtickle is pleased to sponsor access to the report for anyone that doesn’t have access to Aragon’s library and I invite a dialog with fellow practitioners on what I thought were three key areas the report did a particularly good job of drawing out:

  • A rubric for evaluating enterprise-readiness offerings that are winning the battle for enterprise
  • A persuasive argument for why and how sales teams should break away from corporate learning standards
  • Sales capability indexing for real-time measurement and monitoring of revenue potential.

Defining the hallmarks of a good solution provider in the modern space

Aragon Research establishes specific evaluation criteria around company leadership, including proven customer experience, company viability, product vision, and delivery, and committed R&D as a percentage of headcount and spend. Simultaneously, it assesses the product offering itself, covering pricing and packaging completeness, performance, and awareness.
In reading through the report I was struck by the subtext of this section because it underscores observations of the companies that succeed on Mindtickle.

Before determining what an ideal solution might look like, these companies carefully profile their sales teams. For example, we are increasingly seeing the need to balance seller profiles demanding on the go readiness approaches. These sellers are:

  • Increasingly desk-less and remote
  • Focused on learning in the context and in the flow of work
  • Wanting to consume bite-sized information in context, in digital formats

Aragon notes that by extension, a successful platform must not only find new ways to engage sellers in the blocking and tackling of core content learning, but also step away from simply sequencing training, coaching and skill development in proprietary formats. To extend that thought, on personalization and adaptive engagement must become a core requirement. Thirdly, a modern approach must leverage different modalities, methods, and techniques: features like video-challenges, peer-coaching, repetition-based learning, microcontent, community competitions, and others. All of these build engagement, but also lead to a comprehensive, single data model.

How to break away from corporate learning and corporate content management

To maximize their quota attainment, companies should evaluate the potential of their people as customer-facing advocates first, employees second, and as individuals third.

Aragon Research has done the market a very important service by creating a clear separation between corporate or enterprise learning, which has its place particularly for compliance, technical learning and training, and sales learning. The latter of which needs to be acknowledged separately.

With the profile of the modern salesperson in mind, the report showcases why companies need a just-in-time approach. This is a new modality to engage and ready sales giving them the information they need before they realize they need it, as opposed to teaching it to them just in case.

Aragon Research examines why corporate learning and content management are not taking the application of capability in a specified business context, which is what’s really needed to address the problem of sales teams wanting to be better. In their report, they call out critical examples of these business scenarios such as sales onboarding, ongoing sales learning, sales skills development, and sales coaching.

There are specific business scenarios that play out within the lifecycle of the salesperson, and in each of these critical moments, sales needs to know how to tailor their approach toward specific situations. From the time they walk in the door as a new salesperson, to the acquisition of the basic set of skills and knowledge they need to engage the market, to then delivering in the field – salespeople need to be coached in the context of their specific role, business objectives, and everyday job.

As sales teams grow and develop, their learning should grow and develop alongside them.

Identifying capability as a real-time revenue measurement

Finally, the Aragon report sheds light on how identifying capability can be a real-time measure of the revenue power and health of a business.

The real-time aspects of sales productivity extend beyond the real-time experience of the end participant, the salesperson. They also extend to the manager – as well as the executives who are working from HQ. They all need to understand how the sales are performing in real time and how to make micro and macro adjustments when and as necessary.

From a manager’s perspective, they need to know how to get real-time insights into what the salesperson has learned, what customer-facing skills are being invested in and developed, and what how is this being applied in the real world. To get these insights, they might do ride alongs, for example,  so they have real world visibility. And they would be able to evaluate, reinforce, intervene, and remediate. Leveraging things like machine learning to assess and improve phone calls the rep is having with smart recommendations or prescriptive insights can help facilitate the coaching process and outcomes.

Having real-time insights – even if they’re evaluated on a staggered basis – into how the salesperson is responding to these inputs physically and virtually, is incredibly empowering for any team. This sets the stage for incorporating those insights into their engagement with the customer in context, and in time.

Concluding thoughts

In my years of experience in enterprise software, I’ve come to see technology as a journey – not an end in itself. Strategic initiatives like sales readiness cannot be delivered by technology or applications alone. It’s a large-scale, long-term effort both for those actively participating in the space and for those trying to define it.

What reports like the Aragon Research Tech Spectrum help us do is put out a pulse check and a call to arms. While it was gratifying for Mindtickle to be called out as a leader based on our strengths in product, customer focus, and enterprise acquisition, it also calls out all us in the space are here because we perform a mission-critical service to the industry – empowering sellers and buyers to connect on value.

Click Here to Download Your Complimentary Copy of the Research