7 Tips for Hacking Sales Enablement to Drive Readiness in a New Era

A lot has changed since March — the way we interact, the way we work, the way we live. But as a SaaS-based company with high growth and high sales velocity, Security Scorecard’s goals are one thing that hasn’t changed. Rather, what’s changed are the tactics we use to achieve our goals.

Now more than ever, sales organizations need smart and practical engagement, which probably looks a little different than it did at the beginning of the year. New tactics to ensure sales readiness must take into account the digital nature of our work world, where in-person interaction is now the exception rather than the rule. For the foreseeable future, leads no longer come in via live events, sales kickoffs are experienced through a screen, bootcamps and on-boarding new talent take place over video, and training and coaching are done virtually.

Faced with this, there are some hacks that sales reps and enablement leaders can employ to navigate these new challenges and stay engaged and connected — with each other, their larger teams and the customer.

Master the all-important virtual meeting. Aside from being familiar with the features and functionality of videoconferencing tools like Zoom, sales reps and leaders alike must ensure they have reliable internet service, quality headsets and a proper background to make remote communications as seamless as possible. This is especially important with customer meetings, as distractions and technology hiccups can negatively impact the flow of the conversation.

Maintain clear communication and coaching. Clear communication is absolutely critical now so that sales reps are aligned and don’t feel like they’re operating in a vacuum. Sales and enablement leaders can help by keeping their team informed about the company’s approach to the new normal, new messaging and training. In addition, boost morale by recognizing accomplishments, whether in one-on-one meetings or in a virtual group setting.

Align with marketing. Collaboration between sales and marketing hasn’t always been easy, but it’s more important now than ever. By working more closely together, sales can benefit from open lines of communication with customers across all digital channels to find and nurture leads and tie into the marketing side of the sale cycle.

Support sales with technology. It’s imperative to support sales and keep remote workers connected with technology. For example, at Security Scorecard, we use Slack to send out daily selling tips, a new piece of content or a new top track that a sales rep used to communicate ROI. We also use technology to record sales conversations to help with on-boarding and training, and Mindtickle to reinforce reps’ product knowledge with continuous learning, refresh messaging and re-certify through virtual role play and assessments. And short training videos — maybe three to five minutes long — are perfect for driving home new tips and information that help the sales rep be successful.

Engage with the customer in the context of the new world. More than ever, it’s critical for sales reps to understand that the customer is going through their own unique situation, and the sales rep must be empathetic to that. Messaging should be very deliberate and delivered in a way that keeps in mind the customer’s own circumstances: Perhaps their budget has been cut or they’re working from home; maybe they’ve been told to go through a risk exercise. In short, time saved by not traveling to meet a customer in person should be spent on building relationships against the backdrop of this new normal.

Keep an eye on data, metrics and feedback to determine where sales enablement can boost sales velocity. Clearly, sales enablement can’t expect that tactics and strategies that worked before will work now to generate higher sales velocity. But determining what, exactly, to tweak is difficult to pinpoint without the insight gleaned from data, metrics and even the minds of those in the trenches. Start by tracking the four factors affecting sales velocity using this equation:

number of opportunities in the pipeline x average deal size x win rate
————————————————————————
sales cycle

The resulting value is the amount of money coming into the company on any given day or month. Tracking this number over time can help optimize sales processes and tactics, and highlight what kinds of enablement programs can have an impact. Outside of hard numbers, sales enablement leaders can also tap into the reps themselves. Surveys or polls can yield insight that helps fine tune sales enablement programs so that they work for more reps, more often.

Plan for the future. Engage with marketing and the entire sales organization to determine how enablement programs and strategy should be adjusted for the future. Explore how the market opportunity has changed and how to optimize account plans for new market opportunities. Reps can provide insight into how demand has changed in their territory, what the most frequent objections are, which channels perform best and the ideal customer profile. External information, such as from market research firms and investment banks, can also yield information to help companies plan for the future.

As we move forward, sales enablement leaders must prepare for more of the same. Taking time to optimize training and materials so that they work for a remote workforce and finding new ways to communicate and engage with the team and customer are critical if sales organizations are to continue to come out on top in our new normal.

For more information, check out my webinar, Sales Enablement Hacks: Keeping Remote Sales Teams from Falling Asleep Into the Next Normal.

My Advice for the New World of Sales Onboarding – Leveraging Readiness Technology to Ensure Success

Prior to COVID-19, in the “old world,” sales readiness leaders and teams had one main responsibility: to deliver and personalize an adaptable learning experience across the life cycle of a seller. The goal was to achieve a perfect combination of knowledge and skills and behaviors in the field that would translate to more deals closed.

Old-world sales readiness teams managed onboarding by hosting cohorts of new hires at their headquarters for live training. They attended live presentations, listened in on meetings, and reviewed pitch decks and demos. Managers had one-on-one, in-person conversations with their direct reports and customers. In the old world, an interconnectivity existed, helped along by unscripted learning moments that occurred every day.

In just a few short months, working remotely has become the rule rather than the exception, and it’ll remain like this for the foreseeable future. Already, Google and Twitter announced their employees will work from home for the rest of 2020, and it’s likely many more businesses will follow suit.

In this “new world,” many of the in-person elements critical to effective sales onboarding are lost, such as travel, shadowing, new-hire boot camps, or team bonding. Remote sellers are faced with any number of challenges, such as connectivity issues resulting from shared bandwidth or IT problems; distractions like kids, pets, roommates or the leaf blower across the street; and lastly, misconstrued communications.
In order to continue to prepare our sellers to be effective against the backdrop of this new world, sales readiness teams must rapidly pivot and re-strategize, incorporating and accommodating new success criteria into readiness programs, such as re-boarding, re-skilling and virtual instructor-led training (VILT). Of course, technology like a Sales Readiness platform can help underpin a fast, successful transition to the new remote world or be leveraged even more for a fully virtual approach to sales training and coaching.

Effective sales readiness in the new world
Now, sales readiness teams must be even more resourceful, creative and efficient in how they run an effective onboarding and continuous learning program. For example, new hires working remotely won’t be able to organically get a feel for company culture; therefore, sales readiness teams must find ways to virtually share the culture. And, instead of adding more content, sales readiness teams must re-strategize to provide context and community for the new hires. By personalizing learning, offering courses with some assessments along the way, and empowering reps to manage HR and administrative tasks on their own time with checklists, sales readiness teams can create an engaging onboarding and continuous learning program conducted remotely.

To replicate in-person engagement and facilitate additional learning, sales readiness teams must also quickly ramp up on web conferencing technologies that enable VILT and virtual conferencing tools like breakout rooms and whiteboards. Also, include video practice and virtual role-play capabilities that show reps’ incremental improvements. A program that includes these elements — as well as analysis to track metrics — can serve as the framework for ongoing learning.

Technologies that leverage artificial intelligence (AI) make all the difference in an effective sales readiness program for the new world. For example, let’s say that the CEO of a company wants to get field reps’ feedback on new messaging. An email is sent out containing videos with the new messaging and instructions to vote on which video they like best. If the company is using something like Mindtickle, the winning video can be loaded into a Mission in Mindtickle and the AI assistant helps the reps with the keywords and phrases that they need to replicate or assimilate. These are then shown as a benchmark for each draft the reps record during their practice. As reps practice, they are able to see how their pitch compares to the winning video and adjust to ensure continuity of the messaging and accountability. And lastly, once submitted, rep performance can easily be assessed at scale, with the AI assistant helping with speed and accuracy of the assessment.

Incentivizing has never been more important in driving remote reps’ engagement and participation, so sales readiness teams should incorporate games and competitions into their remote readiness programs. As an added benefit, these elements also help managers to be more involved and to track reps’ learning and skills progression.

Final thoughts
Above all else, it’s important to gather ideas and be thoughtful about how to approach and implement a sales enablement and readiness program in this new world. The best way to create a surge of excitement about learning going forward is by asking for feedback from all parties involved. This also ensures you get the messaging right. Technology will make many tasks easier, and there are so many to choose from to tackle almost any task you can think of. Being creative with tech tools and using them during virtual engagements will be critical to the success of the program.

By embracing the challenges and changes brought about by the new world and doubling-down on the right technology, smart leaders and companies will continue to grow and prosper.

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.

Sales Replanning without Anxiety: An Enablement Leader’s Practical Perspective on Executing an Effective Virtual Business Review

Business reviews are especially critical at the moment in aligning sales and management teams to adjusted targets, current quarter forecasts as well as a unified and standardized message. With no options to meet face-to-face, it is imperative that your virtual replanning and review strategy be one that is inclusive and prescriptive, including collaboration with internal departments that have a stake in ensuring messaging and sales execution is done correctly. Getting the same level of involvement and team participation from collaborators (now in different zipcodes and timezones) can be impossible if you rely on a multi-hour or multi-day live streaming session or default to passing documents back and forth over content channels. 

Luckily sales readiness technology such as Mindtickle can assist with soliciting feedback from the field team and managers, account planning and pre-meeting territory reviews. By enabling video or screen share submissions, auto- and manager-driven, 1:1 reviews, sellers benefit from  proper preparation and are impactful. Activities such as pre-work and video role play are great tools to include to increase participation, while gamification drives engagement that’s fun and effective. In my experience there are two key elements common to every successful QBR or business review I have been part of that I believe are critical in today’s environment.

Consideration #1

Business reviews should not be an anxiety-inducing exercise for sellers…far from it.  Sellers should look forward to receiving feedback from leaders and cross-departmental stakeholders to increase their skills and tactics. 

Tip:

  • Sessions need to be upbeat, positive, and encouraging for sellers, and more importantly, this keeps them engaged and involved. 
  • Sales enablement leaders should ensure that the content being presented at business reviews correlate back to competencies and skills that have been identified as key to an individual seller’s success. For sales leaders, this can help in better evaluating skills gaps and learning opportunities that either hindered or helped in driving sellers to get their prospects converted through each stage of the sales process.

Consideration #2

Business reviews shouldn’t be an overwhelming experience in the amount of information that’s presented.  Consider the requirements and venue of your remote workforce since the business review will be done via video conference.

Tip: 

  • Enablement leaders will have to reinforce a lot of the messaging, so keep it to just the essentials. If there is content that would be better delivered post business review as a follow-up, don’t include it in the core content. To encourage further engagement, include as much content from the field as possible. No one understands better what is happening in the field than the sellers so learning from each other is key to a seller’s success. 
  • Keep content as applicable as possible. Sales theories and methodologies are important to any sales strategy, but business reviews are a time to put those theories into practical application that lead to closing more business for the sellers. 

I hope you enjoyed my thoughts and that you can benefit from the strategies and tactics I mentioned above. Learn more by downloading our Complete Guide and watch our demo video for running a virtual business review that inspires your organization.

Onboarding Your Sellers for the New B2B Buyer: Rapidly Building Sales Capability

According to the 2019 B2B Buyers Survey published by DemandGen Report, buying committees continue to grow. Over half (56%) of those surveyed see four or more people involved in a purchase decision, while 21% have seven or more stakeholders. Moreover, recent Gartner research shows 77% of buyers agree purchases have become very complex and difficult. It also revealed that when B2B buyers are considering a purchase‚ they spend just 17% of their research time meeting with potential suppliers. When comparing multiple suppliers‚ they might only spend 5% or 6% of that allotted time with any one sales rep.

The limited amount of time reps have with buyers has taken on newfound levels of importance. If sales reps fail to deliver compelling value or perceived value during that time, they will find it exceedingly difficult to establish themselves as credible or consultative. In turn, they may find themselves shut out of an opportunity for good. 

The challenge is that great sellers are not born, they are made. While trainers can onboard and educate them, experience is the ultimate teacher. However, without the luxury of time, organizations must distill the experience of winning strategies and tactics to rapidly build world-class, customer-facing capability across their teams.

 

Poor Onboarding Derails Even the Best Organizations

As we’ve discussed before, poor onboarding is often the first misstep on the way to building a substandard sales organization. Effective onboarding is a specific initiative within an overall readiness regimen focused on equipping sales reps with knowledge, skills, and behaviors aligned with the buyers’ journey so sellers can engage and convert buyers. Too many companies, however, think they have to throw out the baby with the bathwater when it comes to establishing an effective onboarding approach. 

Let’s review some traditional onboarding approaches that have earned such a bad reputation that organizations often fail to take advantage of the positives.

Classroom-based Sales Onboarding: With a great instructor, proper program structure, and a good curriculum, the classroom is an amazing way for sellers to learn. Classroom training allows you to teach your reps in a controlled setting, in large or small groups, free from the distractions and pressures of their work environment. Your reps get the benefit of the “human touch,” both from trainers and their peers they interact with and learn from. Plus, classroom training can help build teamwork across people who need to collaborate, such as pre-sales engineers and sales reps, and account managers and customer success. 

The downside of a classroom is that as a one-time event, it lacks ongoing reinforcement even in the short term and fails to drive essential behavior change. Plus, for a consistent, global experience, you need certified instructors and a structured curriculum.

Sales Onboarding with a Learning Management System (LMS): Geared towards company-wide collaboration, a successful LMS delivers a framework for managing virtual learning. An LMS is actually designed for more than training your sellers. While it encompasses many capabilities – including registration, catalog, and content delivery – its main purpose is for compliance, testing, and tracking. This system offers your reps self-study content, allowing them to learn on demand and at their convenience. And it works well as a central record-keeping system showing whether reps completed their training. 

That said, an LMS alone is not enough. Most LMS content is static. While you can configure an LMS for basic interactivity, this modality doesn’t bring your sellers together. In other words, it’s an isolating learning experience for your sales reps. Moreover, these systems have a reputation for not being engaging. Reps tend to hate them because they lack rich media and the learning process is boring.  Even admins find an LMS hard to use for their purposes, such as developing content. In a dynamic sales environment, this more rigid structure makes it difficult to serve up timely and relevant training content. 

In-the-field/on-the-job: This training can happen in two ways: Shadowing others, and being shadowed and coached by others. A structured in-the-field/on-the-job coaching program provides a framework to coach consistently and ensures reps are up to date and regularly trained in the areas they need the most. 

However, in most cases, in-the-field/on-the-job training happens too early – reps are in the door and on the phones. Throwing them into the water to see if they can swim leads to lost opportunities. Your sellers only get one shot to make a first impression with a prospect, so you can’t afford less-than-ideal interactions and recovery attempts – or outright losses – and stressed reps.

Other ways in-the-field and on-the-job training falls short is because they lack:

  • Knowledge and behavior reinforcement. No lever exists for reinforcing knowledge and changing behavior so sellers are more effective.
  • Skills and capability building. This onboarding approach doesn’t complement skills and capability development with coaching, role play and practice focused on specific scenarios.
  • Strategic onboarding. Putting reps straight into the field with little to no guidance, aka ‘trial by fire,’ typically results in less-than-stellar results and potentially impacts seller confidence and proficiency.
  • Constructive feedback from peers and managers. Sellers have little opportunity to learn from peers and managers and garner direct feedback.

Obviously, there are benefits to each of these traditional approaches. But the secret to onboarding success is borrowing the best from each and augmenting them with modern sales approaches and sales onboarding. 

 

What B2B Buyers Value

Selling effectively in today’s environment is a matter of ensuring your sales reps are aligned with — and deliver value to — buyers at every turn, since there is little to no room for missteps. The first step is understanding the process from the buyers’ perspective. 

Two years ago, Gartner CEB debunked the myth that even so-called empowered B2B buyers are firmly in control of their buying process. Today’s buyers can access a wealth of information about topics, solutions, and vendors – which creates challenges as well as opportunities. The challenge is that they are overwhelmed to the point of often feeling paralyzed in their ability to move forward. Complicating matters is the purchase-by-consensus model that bogs down discussions and decisions. 

While it may seem counterintuitive, CEB warns that sellers should not simply offer up more information and explain a range of alternatives to buyers as doing so only exacerbates the information-deluge problem.  Instead, CEB found that sales reps who are prescriptive by clearly recommending and rationalizing a certain course of action, and present a specific offering helps ease the purchasing process by 86%. At a time when buyers are desperate for a simpler purchase process, this approach can set sales reps apart.

Yet sales reps cannot provide guidance in a vacuum; they must align with the outcomes that matter to the buyer. That alignment begins with understanding buyer pains, criteria, value and everything else the buyer journey encompasses so your reps can anticipate and manage the process internally. 

 

Equipping Your Sales Reps to Succeed

Part of the job of a sales leader’s job is enabling reps with the knowledge, skills, and behaviors needed to be a consultative and trusted advisor to buyers. So, understanding what resonates with buyers is the first critical step to delivering value and building this perspective into the onboarding process. 

Onboarding isn’t a once-and-done exercise. According to Ebbinghaus’ “forgetting curve,” people forget 79% of what they learn in 30 days. So it’s not a question of the quality of your program when it comes to making sure knowledge sticks – it’s a matter of how the brain works. That’s why it’s essential to focus on key capabilities driving success in the field.

Organizations must identify and define needed field capabilities in line with how buyers research and purchase. In essence, sales reps must enable today’s buyers. As Gartner says, “To win in this B2B buying environment, suppliers should focus on providing customers with information that is specifically designed to help them complete their buying jobs. We call this ‘buyer enablement’ — the provisioning of information to customers in a way that enables them to complete critical buying jobs.”

It starts with marketing and sales defining the journey and the sales plays: what is the target persona, the buyer journey, our value, etc. Without a clear understanding of this, onboarding is irrelevant because it will be teaching the wrong knowledge, skills, and behaviors. To learn and master these behaviors, your reps require knowledge of the sales process, buyer personas, buying cycles, and industry context combined with proven in-field skills. 

According to Norman Behar, Managing Director at Sales Readiness Group, CROs should monitor results (aka lagging indicators) while monitoring and managing demonstrable knowledge and capabilities (aka leading indicators).

At a macro level, today’s sales reps must understand how the buyer defines value/cultivate discovery skills to understand buyer criteria, etc. Specific examples of what a sales rep might need the ability to do are:

  • Qualify the prospect. The rep must conduct a discovery session with the prospect, asking questions to understand their needs and whether the company’s product or service can address them.
  • Guide a prospect through the buying process beyond the product or service. This requires determining the prospect’s needs, speaking to those issues, and referencing industry trends as applicable.
  • Keep a prospect engaged over time. In the B2B world, many purchase decisions take months. The seller’s task is to continue the conversation until the prospect is ready to buy. This involves understanding industry trends and news, changing product information, developments within the prospect’s business etc. to initiate and continue the conversation with the prospect over time.
  • Overcome objections. Prospects will come up with reasons they don’t want to move forward. The rep needs to respond to those objections, while reframing them in a way that is beneficial to both the prospect and the seller.
  • Demo the product or service. This entails walking through the key features that matter to the prospect while positioning those to address the prospect’s needs, as well as maneuvering around feature gaps. 
  • Engage multiple stakeholders. Selling today requires reps to engage with and speak to multiple stakeholders in the organization — from the champion to technical buyers, the economic buyer, etc. — in a consultative manner without losing their attention or trust.
  • Enable the Buyer: Buyer enablement instills confidence in buyers and their ability to make good decisions. Sellers must provide buyers with the right information, through the right channels, designed to make the purchase process easier. 
  • Close the deal. The seller needs to negotiate a contract that is appealing to the prospect and beneficial to the company and rep so no money is left on the table.

Once your sales enablement organization has mapped out the knowledge, skills, process, as well as the tools to support execution, it can develop an effective onboarding program. However, success also hinges on selecting the right onboarding approach. 

 

Enable True Sales Readiness With an Expanded Definition of Sales Training and Seller Development 

The most effective onboarding is built on the following core pillars:

  • Developing a deep, data-driven understanding of the strengths and weaknesses of your sellers, which you then use to develop an individualized program suited for each rep. In other words, don’t take a cookie-cutter approach.
  • Taking control from Day 1 of the outcomes important to your organization. You do this by building and maintaining sales-specific behaviors that uniquely provide insight and perspective to customers, while ensuring the sales process is aligned to the customer’s journey. 
  • Showing (modeling excellence/best practices templates) – mentoring and coaching reps guide them towards proven winning methodologies, tactics, and behaviors. The objective here is to move beyond just a transfer of sales knowledge and helping them understand what is needed to succeed in the field.
  • Mastering skills before talking to customers. Ensure your reps practice through scenarios and at the appropriate time with virtual and classroom role plays so they can master the knowledge and skills needed in the field. Back this up with reinforcement that drives long-term knowledge retention and behavior change. Reinforcement includes mentoring and coaching, delivering contextual bite-sized content in the moment, and Spaced Learning.
  • Cultivating a feedback culture.  To promote and encourage ongoing knowledge sharing and reinforcement, give your sellers access to feedback from managers and peers. In addition,  create a 360-degree, two-way exchange of information that benefits Sellers and Managers, and keeps content current.

 

Prepare Your Sellers for Success With Mindtickle 

With it comes to effectively selling to today’s buyers, sales readiness and onboarding are arguably the most critical aspects of a sales enablement strategy. The Mindtickle platform is designed to enable effective, modern enablement and onboarding. Equipped with the necessary knowledge and skills — aligned with the process and outcomes that matter to your target buyers your sellers will confidently engage in productive interactions with prospects. That means more closed deals, larger deal sizes and, ultimately, higher revenue.

To learn more about Mindtickle and our platform, you can request a demo here!

[Podcast] The Compelling Business Value of Modern Sales Readiness

Although most organizations achieve their sales revenue targets, why does individual sales performance continue to struggle, with almost half of sellers still not meeting quota goals and less than half of deals forecasted actually closing? Consistency and predictability remain a challenge.

Modern Sales Readiness offers a potential answer. Listen to Gopkiran Rao, Chief Strategy and Marketing Officer at Mindtickle speak with Tom “The ROI Guy” Pisello, Chief Evangelist at Mediafly and Founder of the Evolved Selling Institute.

Gop discusses helping sales teams evolve from traditional boot camps and in-person traditional training to leveraging a platform for continuous, ongoing learning of “on message” and “on task” capabilities needed for every individual seller to succeed.

In this session, Gop and Tom discuss the current sales performance challenges, ways sales readiness can help bridge the gap, and how Mindtickle leverages their Readiness Value Assessment Tool to better communicate and quantify the value of readiness to frugal prospects.

The 3 Negative Outcomes Associated with Poor Onboarding and How to Prevent Them

As products and services are increasingly commoditized by automation, low-cost manufacturing, and offshore competition, value- and outcomes-based selling become the stuff of the CRO’s dreams. In this environment, building an organization of salespeople that aligns pricing to outcomes and differentiates based on insight, long-term partnership, and need-driven solutions becomes mission critical. However, this transformation does not start and end with hiring ‘proven’ sales résumés.

The data tell us it’s increasingly difficult for enterprises to generate revenue and drive growth. Analyst firm CSO Insights found that average quota attainment for sales reps in 2018 was 54.3% — far below the 2014 rate of 63%. And earlier this year, a number of cloud companies cited poor sales execution in earnings calls. One CEO stated that newer reps were less than half as productive as more experienced reps and that they “need to improve the support of [their] new reps with training and experienced oversight to help them ramp and close new business.” 

The underlying imperative is that CROs must relentlessly pursue every avenue to equip sales teams with the competencies and capabilities they need to be on message and task every time they interact with a prospect or customer. Ensuring these competencies and capabilities reflect the current needs of the business and align with customer expectations is an ongoing priority. But the journey of every great salesperson starts with and ties back to how they are first familiarized with the organization: aka the sales onboarding program. Onboarding doesn’t just set the tone; it impacts the outcomes that define revenue organizations: rep productivity, predictable quota achievement, and regrettable rep turnover. 

When organizations fail to enable the best possible results as related to the three outcomes noted above, they struggle to achieve their revenue goals. Let’s discuss the impact of poor onboarding practices on these key outcomes.

Impact #1: Inconsistent rep productivity because onboarding was designed for a ‘universal seller’

Unlike machine parts, salespeople can’t be stamped off a production line to be carbon copies of an original. There is always a target profile and target behaviors, but there is no single sales rep, nor one selling role. It’s essential to build a granular understanding of the needed pre-sales, sales and post-sales profiles and corresponding behaviors and competencies specific to your customer and businesses. Otherwise, you probably are also missing the ability to determine what skills need to be built or what applied learning needs to take place. Simply put, if your onboarding program is designed for a template of one, you have put rep productivity at risk.

Sales reps are hired to meet the needs of specific geographies and segments, and must be equipped with corresponding competencies and capabilities. In addition, each of these new representatives has different backgrounds, product and market experiences, education levels, and skills. This understanding is particularly important because the CRO must have a near-perfect understanding of how long it will take to gain full productivity (aka ramp) across a wide variety of profiles. When onboarding is not set up to be the first phase of long-term investment in capability (i.e., ongoing readiness). it becomes extremely difficult for a sales or sales operations leader to confidently predict the average or median ramp to first deal or quota attainment.

This problem is exacerbated by the fact that the typical sales organization falls on a distribution curve where around 20% of reps are low performers, 60% are average performers, and the remaining 20% are the game changers. When you lack a good understanding of rep performance distribution, it’s impossible to effectively hire and develop reps to be top performers. 

Impact #2: Inability to drive closing behavior in the field after onboarding

Confidence in hiring and pride in a slick sales academy, bootcamp or 30/60/90-day plan is one thing. It’s an entirely different thing to send sellers into the field knowing what phone calls to make, emails to send, what CRM fields to prioritize, or how to respond to key objections. A great onboarding program requires that every piece of content, virtual role play, pre-learning and quiz is tied to developing a capability deemed vital to the sales person’s success. This will help them become ready for that time when they make their first call or onsite visit without the benefit of a frontline manager riding shotgun. 

Unless onboarding programs are tied to measurable, demonstrable capabilities that are reinforced and extended over time, CROs are depending on the charity of customers or a product that sells itself. The problem is that even in good years, companies are falling behind. Only 53% of reps made quota in 2018 per CSO Insights. As Seleste Lunsford,  Chief Research Officer of CSO Insights explains, “For us, it’s always a red flag when we see top line revenue numbers going up while all the leading indicators for sales are going down.” 

The moral of this story is that companies can’t assume that a strong economy, empowered, self-qualified prospects, or competitors going out of business will come to the rescue. No army, or sports team puts their new recruits on the field hoping for a miracle; why would a CRO?

Impact #3: Regrettable rep turnover due to poor onboarding

While the maxim is that the best sales reps follow great leaders, insights can be gleaned by studying the most successful salespeople for two things — where they choose to work and how long they stay. 

Good reps quickly realize that a poor onboarding program will likely extend into their ongoing readiness, or lack thereof, and choose either to leave or become missionaries. When even missionary reps fail to achieve quota, receive W2s well under their comp plans, lack in-field coaching or manager engagement, and don’t see a clear path to hit their personal targets, they are likely to leave. This is bad news because while the CRO misses a proven lever for production — the battle-proven backing and resources of their seasoned reps — they are also forced to constantly backfill. 

This is particularly painful because the most effective onboarding partly hinges on exposing new reps to experienced reps. According to a 2018 Sales Compensation Administration Best Practices Survey, the typical company considers sales turnover rates below 15% ideal. How many CROs can confidently claim they’re consistently hitting this benchmark? If the reps you do hire and onboard see that their more experienced counterparts are in fact not that experienced, it’s usually a short runway to their concluding that adequate investment in the success of your team is not being made 

“De-risking” revenue starts with treating onboarding as one of the most valuable activities of organizational strategy focused on revenue growth 

De-risking and preventing these negative outcomes starts with effectively onboarding — and continuously readying — your next generation of revenue producers. Knowing that new sales reps will be constantly joining while you experience some attrition — and realizing that each of these reps has different needs on their path to readiness — is critical. Ultimately, your success starts and ends with effective onboarding. 

Want to learn more about how CROs can quickly and predictably implement a system to ramp new sellers that drive deals to close faster and more profitably? Read the CRO Essential Guide: Sales Onboarding Best Practices.

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

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

TOPO Summit 2019 Learnings: How Effective Sales Enablement Allowed Procore to Successfully Scale Their Sales Team

Alex Jaffe, Director of Sales Enablement, Procore

I spent two days last week at the TOPO Summit, meeting with and hearing from leaders at some of the world’s best marketing and sales organizations. Based on the conversations with these industry leaders, practitioners, and TOPO analysts, it’s clear we’re making some progress toward creating better and more engaging experiences for prospects and customers.

One of the most interesting sessions, Operationalizing Sales Enablement, was from one of our customers, Alex Jaffe, a leader on the Procore Sales Enablement team. In his session, he highlighted their holistic program focused on organizational buy-in, the virtues of starting small and scaling enablement as a process, function and integrated tools, communication, onboarding, certification, and more. His story started with the fundamental question of how the organization was going to scale their organization quickly after their $15M round of funding from Bessemer Venture Partners in 2015. At that time, their core challenge was how to scale a small sales team with a lot of institutional knowledge to a much larger and more diverse sales force.

Read the Procore Case Study here.

During this transition, they developed a sales playbook after meeting with all the stakeholders from the head of sales, CEO and president to marketing and more with one, simple goal in mind — help reps sell more, faster while protecting the reps time and productivity.

As Alex noted in his TOPO Summit presentation, he and his team recognized that all the reps would need to know all relevant product information and campaign-specific information, just not all at the same time. They also realized that this process of setting and aligning expectations should begin during the sales bootcamp experience and then roll into the 30-60-90 day plans of their sales reps. As that program has developed over time, it has expanded to the point where after three to four days of intensive learning, reps go through various levels of certification. Role-playing is especially critical to ensure brand new reps have the ability to conduct an effective and engaging initial conversation with a customer right after coming out of their bootcamp. Based on the levels of the certification and their specific roles, like an SDR or an AE, they have built specialized learning paths for each of these scenarios.

The end result of these sales enablement and readiness efforts has led to Procore becoming one of the fastest growing software companies in North America.

To learn more about how Procore set their sales teams up for success and readied them to have impactful conversations with customers and prospects,

read the Procore case study: https://www.mindtickle.com/about-procore/.