6 Reasons Your Managers Need Sales Leadership Coaching

Shankar Ganapathy on November 16, 2018

coaching_the_sales_coach

We know that sales coaching is an important part of sales management. It helps your reps become better salespeople overall, improves their skills, increases their engagement with your organization and, of course, improves your topline revenue. Studies have found that effective sales coaching programs can improve sales reps’ performance by up to 20%. But many managers actually don’t know how to coach well. Despite their abundance of experience as a rep, the promotion to a management role doesn’t always come hand-in-hand with specialized training.

Effective sales coaching isn’t about occasionally auditing your reps’ activities, or giving some in-person feedback every once in a while, but about building a regular cadence to provide useful, insightful and specific coaching in areas where individual reps need help. After all, coaching sales reps can be tricky for management because each individual has unique areas that they excel and others where they need extra guidance.

Here’s the thing: Sales Development Reps (SDRs) are one of the fastest growing teams inside B2B sales organizations. But when you look at some of the data about these specialized sellers you find out that over 80% of them have less than 2 years of experience and their average tenure at companies is 1.5 years, according to the Bridge Group.

This presents a few challenges for sales managers. First, very inexperienced sales hires require a lot of information about industry, processes, methodologies and overall basic sales knowledge than your tenured salesperson, and their short tenures mean you will be constantly onboarding new sales development reps which may strain your onboarding program but most importantly, you need to ensure extremely short ramp times.

To best enable the SDR team you have to think of your enablement program as more than just onboarding. Having a great sales onboarding program is great and the best way to ensure quick success for the SDR but think of it more holistically including:

  • Ongoing knowledge reinforcement
  • Experiential training and practicing
  • Coaching and career development

For example, if your rep has five areas where they need coaching, how do you know if their sales managers can address every single one? And how do you prepare your managers to find these gaps in the first place? Perhaps they’re great at pipeline management but struggle when it comes to deal coaching.

Given the breadth of the role of sales manager, it’s simply not possible for them to know how to coach sales reps on everything. But, just like their reps, they need sales leadership coaching so they can fill their own gaps.

Look in the “too hard” basket

Another issue that all sales leaders deal with at one point or another is “avoidance”. If something is difficult to do, or someone simply doesn’t know where to start, it’s much easier to put it in the “too hard” basket and forget about it until something bad happens.

Trying to coach sales reps only in adversity, like when they’ve just lost a big deal, is hard for both the manager and the rep. After all, no one wants attention just because they haven’t done their best, and coaching isn’t about yelling at someone for not performing. It’s about encouraging and developing reps to be their best.

That’s why it’s sales leadership coaching is so necessary; it’s important to ensure sales managers are coached to provide their teams with the skills and behaviors they need,  proactively rather than reactively.

So what exactly is sales leadership coaching?

Before we get into the detail of how to help your sales managers learn how to coach their reps, it’s important to differentiate between coaching, training, and managing.

  • Management is about overseeing things and making sure they stay on track.
  • Training focuses on learning new knowledge.
  • Coaching is about developing skills, improving performance and/or changing behaviors.

Sales coaching is the ongoing, one-on-one mentorship of each rep on a sales team. It is a conversation between the rep and a coach, where the rep does most of the talking while the coach listens, observes, and offers feedback.

It’s not about telling someone what to do, but about helping them look at different ways to achieve better results. When done well, sales coaching can drive sales’ productivity and effectiveness.

1. Develop a coaching framework

The first step in helping managers learn how to become an effective sales coach is to develop a sales coaching framework. But beware, there is no one-size-fits-all solution because every business is different. To work out what your coaching framework should include why not ask your sales reps what they need. Speak to your sales managers to find out what they would find useful, and ask your executives about the overall objectives.

This information can then be used to build your aX + bY + cZ formula for effective sales coaching. This framework is tailored to your organization’s needs while ensuring you cover the necessary aspects of sales coaching including knowledge, messaging, sales skills, process, and execution rigor and discipline. While no sales coaching program will be identical, it’s critical that each ensures that managers have:

  • The knowledge required to coach in all the areas
  • The skills to actually coach
  • The tools required to build a cadence for coaching
  • The discipline to execute the coaching framework consistently

2. Put the sales coach into training

Once you’ve identified the key areas that your salespeople need coaching, you’ll need to identify whether your managers have the requisite skills. The best way to ensure managers have the knowledge and skills to coach is to provide them with formal training. There are many ways this can be done, from formal in-class training to peer to peer learning.

Football coaches have to be certified before they get to coach players. In fact, the process for certifying a football coach is thorough, with several levels, depending on the experience of the coach and the level of the players they seek to coach. It should be the same for sales coaches.

One of the most effective ways to coach is to give both the reps and their managers the same information and knowledge and make sure they are certified in key areas. This ensures they have the same baseline knowledge, and the certification ensures they have absorbed the information and are able to apply it.

For example, one of our customers, a high growth tech company was launching a new product and wanted to ensure their sales team delivered a consistent message to prospects. To enable their sales managers to coach sales reps through this they first certified them on how to sell the product themselves. This ensured that they knew exactly what the reps had to do, and when combined with their own experience and skills were prepared to coach their teams effectively.

When this approach is complemented by guidance on how to coach, it can be powerful.

Provide live examples to managers on how to have coaching conversations. Help them understand what they should be looking for and what areas to focus in on for the greatest impact. Provide them with the opportunity to role-play their coaching so they can play it back and learn from it.

3. Leverage reporting and tools

All the training and practicing in the world won’t be of any use to a sales manager if they’re going into their coaching sessions blind. That’s where good reporting on the right things is critical. When determining what they should be coaching sales reps on, most managers just look at lagging indicators like pipeline activity and what deals reps have won or lost. But this doesn’t always provide enough useful data. That’s where efficiency and capability indicators are important.

While effectiveness indicators look at the behaviors that sales reps can demonstrate to drive lagging indicators. Coaching is about behaviors, not quotas, this qualitative information needs to be available to managers so they know what to coach on.

This information can be identified by bringing together information from several places, whether it’s from a CRM, sales enablement software or competitive intel. The key is giving managers the tools that can help them identify which indicators to look at and access to get the right information.

For example, if you’re looking at what the indicators are for salespeople who win deals, your sales enablement software can provide you with information on what content your best reps are accessing before a big meeting. This may provide data about what behaviors are correlative with winning deals, and in turn what behaviors may need to change in order to improve the results of some of your reps.

With useful data-driven reports in hand, managers are able to identify what specific areas individual reps require coaching in, and start working on improving their behaviors and results.

4. Mentor the coach

With the right tools, your sales managers will be much better equipped to coach. But they will still need to learn how to use tools to achieve the best effect. One of the best ways to learn coaching is to learn from peers. Your sales reps buddy up, so why not “buddy up” your sales managers? With role models to help mentor and demonstrate good practice, managers will be able to ask questions and share their knowledge with their peers.

While mentoring and buddying is usually a one-on-one activity, you can encourage collaboration and peer-to-peer learning amongst the management team by bringing them together. Some of our customers have organized manager workshops that give sales managers the opportunity to share what works and what doesn’t in a supportive and collaborative environment.

It’s also a great idea to encourage managers to share their coaching wins with the entire sales team. This has a dual impact for allowing the sales organization to learn from what works, and also demonstrates the value of coaching to any skeptics.

5. Provide regular feedback from executives

If your organization has a sales coaching culture then your sales leadership will want to know how your sales managers are performing. Rather than observing from afar, they should be encouraged to see how managers are coaching regularly and provide their own feedback and insight to the team or when appropriate, even individuals. By getting involved they can demonstrate just how important the sales coaching program is to the success of their sales team, and in doing so, boost engagement in the process.

6. Incentivize successful coaches

Along with executive buy-in, rewards and incentives are another good way to engage sales managers. While successful sales managers are incentivized when their team meets quota, how often are good sales coaches recognized or incentivized?

Consider adding in a coaching specific incentive to your KPIs for encouragement for those who learn how to coach well. When used as part of a structured coaching program, these six steps will ensure that you give your sales managers the knowledge, skills, and discipline to coach consistently.

Concluding thoughts

Ultimately, more than helping SDRs craft an email or hone their pitch, sales enablement training for a manager can help them coach their reps based on the competency model that was developed (or recruit the managers to help craft it). Part of the problem most companies face is not giving good guidance for managers on what to coach their teams on and ensuring all managers are consistently coaching their teams on an ongoing basis. While this can be tricky to implement initially, some organizations turn to Coaching Reports in the form of an Excel file, Word document or similar which although well-intentioned end up being a burden for the managers and makes it difficult for the enablement team when it comes time to compile information and glean insights from it.

Finally, technology here can help as well. With the ability to create electronic coaching forms that follow a competency profile and different online forms for different coaching situations you can ensure managers are all following the same guidance and the data collected can be analyzed and shared back with the managers to show them how their teams are doing in their expected competencies as well as guide the managers to where more coaching is needed.

The ultimate takeaway here is that it’s extremely important to treat your sales manager training differently from all others –making sure to tailor each program to the needs of your particular reps based on their experience, tenure, and skill level will help your managers’ coaching significantly both in the short and the long run.

5 Reasons to Modernize Sales Enablement

Shankar Ganapathy on November 9, 2018

As the pressure of digitization on sales functions has ratcheted up in the past couple of years, companies are taking another look at modernizing sales enablement – for good reason. Among them:

Selling is getting harder.

Fewer reps are hitting their quotas. According to a recent article by Forbes, 57% of sales reps missed their quotas in the last year – concluding overall that what’s truly hindering sales’ success is the lack of cohesion between departments and the way new sellers are being introduced to the product.

Onboarding is taking longer.

With today’s complex product lines and ever-changing business models, it can take as much as nine months to ramp up new reps.

Buyers are bypassing sales for the information they need.

Customers often complete as much as 70 percent of their journey from their own research, according to industry estimates.

Faced with these challenges, companies are increasingly seeing sales enablement as a strategic imperative that’s vital the sales organizations success. The stage is set for a new kind of sales enablement. For hard-pressed sales organizations, it can’t come soon enough.

What is sales enablement?

Sales enablement is a catch-all phrase with many meanings. But more importantly, what is its purpose?

The idea of training new sales reps, or any other customer-facing employees, to align their objectives with the company’s goals and gain insight to be successful is not a new concept. Knowledge of product(s), brand, and the competitive landscape is imperative to their quickly becoming effective. In the search for continued revenue growth, companies have sought to better equip and prepare those on the front lines of revenue generation: sales teams.

The goal has been, and continues to be, to enable them to reach quota as quickly as possible and consistently, thus the creation of sales enablement. However, as the state of sales enablement constantly changes in scope, it’s needless to say that there’s yet to be a single, universally adopted definition.

Here are a few takes:

  • Search Google and you’ll find, “modern sales enablement is the enablement of sales teams with information, tools, and content that help salespeople sell more effectively.” A more visionary definition of sales enablement from SiriusDecisions explains, “Enablement’s purpose is to ensure salespeople have the skills, knowledge, behaviors, and tools needed to engage [buyers, team, other] in rich conversations.”
  • Forrester Research says, “Sales enablement is a strategic, ongoing process that equips all client-facing employees  with the ability to consistently and systematically have a valuable conversation with the right set of customer stakeholders at each stage of the customer’s problem-solving life cycle to optimize the return on investment of the selling system.”

When Forrester Research asks, “What is sales enablement?” they characterize it with the idea that companies should put their customers upfront. Putting customers first is an excellent approach to creating your sales enablement initiatives. That said, it’s just as important to determine whether your business needs a dedicated sales enablement manager, a big decision for any company.

No matter its current definitions, sales enablement has come a long way in the last five years towards helping sales teams perform better. Reps today are more comfortable in competitive environments, as well as those which sometimes require more complex strategic sales motions.

At the same time, engaging with today’s highly informed and ever-more scrutinizing customers requires salespeople to retain and effectively use ever-more knowledge, skills, and behaviors.

While sales enablement is designed to help sales turn more opportunities into revenue, most traditional sales enablement solutions cannot show how programs correlate to individual outcomes.

What most don’t realize is that there are huge, previously untouched areas where enablement solutions (tools, platforms, and best practice methodologies) can bring more value and revenue to companies.

What Gartner has to say about sales enablement

Companies, both purposefully and accidentally, are missing some useful and obvious strategies. This short-sightedness also applies to sales consultants and training or learning tools vendors –all of whom have implemented or offered otherwise great technology for sales enablement. Let’s take a look at some numbers behind these pain points. Here are some key statistics Gartner recently shared at their conference about the complex reality of most salespeople today:

  • Customers are more complex: over 6 people are typically involved in B2B purchases with over 3 different functions represented.
  • Product complexity: the product portfolio that sellers represent have increased in size by 2.3 times, and only 37% of sellers find it easy to customize their offerings.
  • Internal complexity: sellers have reported that 16.4% of the sales cycle is spent on internal approvals and only 24% of sellers can easily calculate their variable compensation.

What the figures above tell is a story of increased difficulty and complexity for the salesperson in your average B2B company. Now add the picture above with the new reality of how salespeople develop their skills, according to Gartner:

  • 58% of sellers develop their skills through their colleagues
  • 35% of skills sellers use today were acquired in the last year
  • 66% of sellers expect most learning and development to occur outside the classroom
  • 60% of sellers expect to learn and develop just-in-time

Traditional training programs and methods are falling short of the expectations and needs of sellers today and leaving much to be desired. The facts presented by Gartner point in a few different directions as well:

  • Managers are more than ever required to be involved and help drive sales learning and coaching
  • Onboarding programs have to adapt to the new realities of today’s sellers and better enable them to help buyers during their journeys
  • Manager enablement is a critical need to help managers have better conversations, give feedback, identify seller skills gaps, and have career conversations with their reps

Most sales enablement teams would agree that the biggest problem or obstacle they face when rolling out programs is getting managers to spend time with their sellers and with the programs.

The key takeaway? Working with managers to show the impact that their actions can have in sales performance is one of the most important action items in your next sales enablement playbook.

If you have a platform that allows you to measure your sales team’s “readiness” and you can show managers the skill gaps identified through the different initiatives rolled out, you’ll have a much easier conversation when it comes to implementation of a new sales enablement strategy. Regardless of technology, the first step is changing the frontline managers’ mindsets and presenting them with a strong case for enablement.

What modernizing sales enablement programs can do for you

The goal of modern sales enablement is straightforward: to help you and your team win more and bigger deals.

“Sales enablement optimizes the selling motion in order to increase pipeline, move opportunities forward and win bigger deals more efficiently to drive profitable growth.” – Sales Enablement Society

It helps achieve that goal through three its three core capabilities. In short, sales enablement:

  • Helps sellers build out skill sets to deliver phenomenal customer experience. It personalizes, gamifies, coaches, and provides micro-learning modules to deliver resonant and memorable experiences that help sellers master and operationalize new skills.
  • Combines a modern enablement platform with best-practice methodologies. Sellers need a digital solution that they can access anytime, on any device. Modern platforms’ design is informed with industry-leading insights on how acquired skills translate into revenue production and customer engagement.
  • Shows the connection between actions and outcomes. Modern sales enablement platforms harness artificial intelligence and data-driven analytics so you can see how your programs are improving sellers’ capabilities. You can identify knowledge gaps where you might want to do some coaching. The platform provides a clear picture of how sales capabilities impact sales performance and business outcomes.

So without further ado, here are the top five reasons you should consider modernizing your sales readiness programs.

1. Business is in a high growth phase

Many businesses experiencing high-growth tend to deal with business challenges that are right in front of them. Usually when business is booming it’s easy to forget about the longer term future. This short-sightedness can cause major headaches down the road, particularly when there are no streamlined processes in place to track personal or business performance.

Referring to an HBR blog Science of Building a Scalable Sales Team, Mark Roberge from Hubspot points out the importance of taking a disciplined approach when training salespeople so that everyone has good foundational selling skills. According to Mark the result at Hubspot stated that “our salespeople are able to connect on a far deeper level with our prospects and leads”, a process that has consistently resulted in high growth.

2. New sales reps take a long time to meet quotas

Hiring new sales reps is a significant investment for any company, and the longer they take to onboard and ramp up, the more money burned.

“According to Aberdeen Research, companies that adopt best practices across their sales teams had double the quota attainment of their peers. Each sales enablement program that gives a rep more time for core selling nets more revenue. Each best practice program that makes reps more effective translates into topline improvement”.

Modernizing sales readiness programs will help each member of the sales team achieve peak performance. Therefore, sales enablement programs should always include finding ways to improve sales reps’ efficiency and effectiveness with prospects so they can meet their quotas and keep on performing into the future.

3. Sales reps spend too much time on non-selling tasks

The primary job of any sales rep is to continually work on their sales process, generating and qualifying leads, conducting sales demos and closing deals. If Anytime they’re not on these selling tasks it’s usually unproductive, and a poor use of a valuable resource.

“To increase sales productivity, you have to reduce or eliminate tasks that aren’t productive.”- Nancy Nardin

Modernizing the sales readiness programs with a data driven sales enablement platform will help your organization have vision into the sales process and identify how it can help reduce non-selling tasks and increase efficiency across the entire process.

4. Need to increase individual sales quotas next year

According to CSO Insights, 94.5% of firms they surveyed said they were raising quotas. If you too are planning to increase quotas, then you’re going to need a new strategy and a new set of sales enablement tools to get more out of your sales team. A dedicated sales enablement manager should help to ensure that your sales reps be well trained regarding your customers’ needs, be up to date with industry and product news, have the necessary tools and information available with them when they need it. As CSO Insights discovered.

As CSO Insights discovered that the key to achieving higher quotas with the same sales team is to keep your sales team well trained and ready with a new set of skill.

5. Marketing efforts aren’t helping sales sell

If you are increasing your marketing budgets but that’s not translating into helping sales sell more, then having a sales enablement manager could be the reason. A significant part of marketing’s role is to create sales collateral for each persona for every stage of the buyer’s journey, so, it’s crucial that both sales and marketing are aligned and work closely together.

A sales enablement manager can help bridge the gap between marketing deliverables and what the sales team needs. Working with both sales and marketing can make a difference in sales ability to provide valuable content and collateral to customers. For example, the HubSpot sales enablement team sits with the sales reps but reports through to the marketing.

Why change?

To sum up, moving in a direction of a revamped, modernized sales enablement program has the potential to completely turn things around when it comes to your team and their sales readiness. A comprehensive and collaborative approach to sales enablement just might be that secret ingredient when it comes to revamping the way your organization tackles – and wins – sales deals.

Ultimately, here’s what a modern sales enablement platform do for your organization:

  • Accelerate and enhance onboarding to telescope time-to-productivity
  • Coach sellers in the exact areas where they need help
  • Energize your meetings and kickoffs to propel profitability
  • Build sellers’ confidence and effectiveness through guided role-play
  • Track and accelerate business outcomes through reporting and analytics
  • Build reps’ skills through tailored, highly engaging learning and development activities
  • Help sales leaders to make their skills go viral, company-wide.

When Launching Sales Enablement Tools, Create a Change Management Strategy

Deepti Sundareshan on May 24, 2018

We’ve talked about best practices for successful implementation, how to increase the adoption of initiatives, and how to manage change when launching sales enablement tools.

But before you begin your sales enablement implementation process, you must understand how creating a change management strategy can ensure you receive the desired outcomes.

Mindtickle Sales Enablement Benchmark Report

What is a change management strategy?

Change is necessary for companies to remain competitive in today’s marketplace. Unfortunately, people tend to resist change and wish to continue doing what they’ve been doing. Change management helps guide an organization through the transitional process as quickly and easily as possible. Change management strategy is a framework to support changes. It isn’t about the alterations themselves.

Why you need a strategy before your implementation

When preparing to change any processes in your organization it is important to create a unified strategy. Having a strategy ensures that everyone is on the same page before you start to make a change. You’ll confirm that everyone impacted by the upcoming transition understands the need for it. Plus they’ll know what to expect and will help you collect any needed input. When this all happens ahead of time, it brings people closer together and makes them feel more comfortable. This leads to increased compliance and adoption throughout the entire journey to your new desired state.

Creating your strategy

Preparing a strategy is about gathering information that allows you to make educated decisions when you create your actual implementation plans. Your strategy helps ensure changes are consistent and successfully applied to your entire organization. It’s about being aware of key factors ahead of your actual planning and implementation. There are three main steps to creating your change management strategy. They include:

  1.    Situational awareness
  2.    Supporting team structure
  3.    Change management strategy analysis

Let’s take a closer look at each of these steps.

Situational awareness

This step involves gaining a better understanding of the actual change, who will be affected, and how your organization may have previously worked through similar changes, if applicable. Specifically, you need to look at change characteristics, organizational attributes, and groups that will be involved.
Change characteristics

  • Gain an understanding of the change that you’ll be introducing. Answer the following questions to uncover the characteristics of your planned change: What is involved in the change? How many people will it affect? Who will be impacted? Will they all be affected in the same way or differently? What is being changed – processes, systems, job roles, etc? Over what period of time will the change occur?
  • Organizational attributes: This is about understanding the history and culture of your organization as a means to better understand the people and groups being impacted. Remember that various groups will be affected in different ways. Considerations here include: How do employees and managers perceive the need for this change?  Has your organization ever managed similar changes? If so, how was it done? Does the organization have a shared vision of the final outcome? How much change is already taking place prior to the upcoming implementation?
  • Groups that will be involved: This final step in situational awareness entails developing a picture of who will be most involved in the change and how they will be impacted. You want an understanding of how different groups will be affected in their own unique way. This will enable specific and customized plans to accommodate each group during the actual change management process.

Supporting team structure

It’s important to identify a team and sponsor to support your change management strategy. Without this, it will be quite difficult to implement your plans when the time comes. Let’s take a look at both of these.

  • Team structure: The change management team structure establishes who will be managing the change. It explains how the project team and the change management team will work together. It also specifies the team members and their responsibilities.
  • Sponsor coalition: The sponsor coalition specifies which sales executives, operations, managers, and top performers should be onboard and actively involved in driving the change. It also designates the primary sponsor who authorizes and champions the specific change. The sponsor must be actively and openly engaged throughout the change project. All members of this coalition are responsible for building support and communicating with their particular audience within your organization concerning the change.

Change management strategy analysis

To ensure your change management strategy is effective, it’s important to consider what could cause your implementation to fail. Doing so allows you to proactively determine how to address these stumbling blocks so they don’t cause any delays in reaching your desired outcomes. Below are the three steps you need to take in this part of strategy creation.

  • Project risk assessment: The more dramatic and extensive the change, the higher the risk. You also have a greater chance of difficulties if your organization tends to have a history of resisting change. As you develop your strategy, the change management team should document all potential risk factors.
  • Anticipated resistance: Think carefully about where you might anticipate push-back on the upcoming change. Are there particular divisions, groups, positions, or individuals that are most likely to resist the new implementation? Making note of these can prevent them, or help prepare you to address them when they arise.
  • Developing special tactics: Once you’ve identified your potential risks and resistances, you should determine how you will deal with each when and if they arise. Have these strategies prepared to facilitate smoother progress throughout your implementation? Of course, it is impossible to anticipate every issue in advance, so you’ll want to revisit this step periodically during your launch process.

After you create your strategy you’ll be ready to devise your change management plans. Be sure to stay focused on the information you uncovered while developing your strategy. It will greatly impact the success of your implementation. Without taking the time to create your change management strategy, you risk disorganization, a lack of compliance, or incomplete change. This will only lead to greatly reduced results. Now it’s time for you to create a change management strategy to prepare for your upcoming sales readiness implementation to ensure the best possible outcomes.

Gaining a Competitive Sales Advantage with Virtual Micro-Learning

Deepti Sundareshan on May 16, 2018

In today’s ever-changing marketplace, it’s becoming more and more difficult to get an edge over competitors. Developing a strong value proposition is one way to clearly explain to prospects why they should buy your solution over others. In fact, a great value proposition could be the difference between losing a sale or closing it. According to HubSpot, only 69% of B2B firms have established value propositions, yet 54 percent of companies do nothing to optimize theirs. A strong value proposition alone is not enough to get ahead of your business rivals. It takes a well-prepared salesforce who can effectively leverage your value proposition to make the difference. The best way to prepare them to do so is with the ongoing, bite-sized training that’s accessible from anywhere. Here, we’ll show you how you’ll gain a competitive sales advantage with virtual micro-learning.

Attract and retain good talent

According to research by Gallup,

59% of millennials say opportunities to learn and grow are extremely important to them when

applying for a job

. In comparison, 44% of Gen Xers and 41% of baby boomers say the same about these types of opportunities. Plus, the Harvard Business Review found that dissatisfaction with development efforts such as training and coaching cause many to leave their job for another with better development opportunities.

Sales rep engagement increases when micro-learning is used instead of other training methods because it’s in a format that’s easily incorporated into their routine while meeting their desire to learn. It also increases job satisfaction, since the sales staff feels more prepared and enjoys their work more. Plus, micro-learning is fun!

Faster onboarding

Effective salespeople are masters of a complex skill set. It takes technical expertise and fine-tuned people skills to translate product specs into persuasive value. Micro-learning

shortens ramp time. This means less time to full productivity and more reps selling at their full potential at all times. This reduces the financial drain on the organization and creates a stronger selling team compared to those of competitors.

Always up-to-date

In today’s marketplace, there’s always something new to learn and changes to know. They include updates relating to product, marketplace, prospect challenges, industry information, competitors, and the best sales techniques. With micro-learning, your reps are continually learning and always up to date on the latest need-to-know information.

It helps them easily

keep their knowledge and skills fresh. Consistently improving through reinforcement with practice and application, they’re always ready for any prospect or scenario.

The right information at the right time

Since virtual micro-learning is available from anywhere on any device, sales reps can review the information they need, when they need it. For example, they can refresh on value propositions for specific prospects just prior to presenting to or meeting with, them. This easy-to-access information makes it possible for reps to respond promptly to prospect and customer questions too, resulting in increased sales and customer satisfaction.

This content, consumed at the moment the rep most needs it, is reinforced with an immediate application that results in greater retention. The individualized learning experience that micro-learning provides keeps reps interested and wanting to learn more to fill their individual learning gaps.

Increased productivity

Unlike other learning methods,

micro-learning doesn’t interrupt your reps’ daily work, it fits right in. They remain on-the-job instead of sitting in a training room where they aren’t productive. Also, your team members learn faster and retain more with micro-learning, so they’re better prepared to close more business in less time.

Agile

Matching the pace of today’s business, virtual micro-learning is agiler than other forms of training and communication. Due to their brevity, micro-learning courses can be produced quickly and updated on the go. Plus, notifications about changes to your company, competition, product, and more are easily created and distributed with just a few clicks.

This allows your organization to adapt to change quickly and easily in the marketplace.

As you can see, micro-learning enables your sales force to be better prepared to meet with various prospects, differentiate your solution, and win more deals. With the top talent that’s always up-to-date and continually improving, you’ll already have an edge over your rivals. The resulting productivity combined with your ability to rapidly change with the marketplace, your industry opponents will be no match. It’s time for you to give this method of learning a try and experience the competitive sales advantage with virtual micro-learning in your company.

Reducing Overall Sales Training Costs By Using Virtual Micro-Learning

Deepti Sundareshan on May 9, 2018

Historically sales training has been event-based. The costs can really add up with this style of learning. Fortunately, with today’s sales technologies, you no longer need to invest in old-style educational methods. If your organization is like most, you’re looking for ways to contain spending. Using virtual micro-learning is a great way to do so. In fact, it’s been found to cost at least 50% less to develop than traditional training. That’s some significant savings. So, how is it possible to reduce costs with virtual micro-learning for sales?

What is virtual micro-learning?

Micro-learning involves bite-sized, mobile-friendly, highly focused, individualized training content that can be retrieved from anywhere. That’s what makes it virtual. It includes various content types such as videos, games, quizzes, audio recordings, simulations and more. Research shows that learning in short bursts over time, combined with short quizzes, results in a better long-term recall. That’s why this method of learning is more effective than traditional classroom or event-based training.

Where can you reduce costs?

There are many categories where you can reduce costs with virtual micro-learning for sales. They include:

  •         Travel
  •         Facilities and planning
  •         Materials
  •         Trainers
  •         Re-training
  •         Onboarding
  •         Productivity

Travel

Traditional classroom or event-based training often requires your sales staff to travel to a central location. Costs such as airfare or mileage plus meals and other travel-related expenses can really add up. The larger your salesforce the higher this expense. Of course, for global enterprises, travel is even more significant. When utilizing virtual micro-learning, you reduce or eliminate the need for these sales training-related travel costs.

Facilities and planning

Sales training often involves locating and renting facilities for educational events. Even single-day events, or those taught in your own facilities, typically include meals and/or snacks for all participants as well. Micro-learning is incorporated into your sales reps’ activities on an ongoing basis. Plus it’s accessible from anywhere and on any device. This means you no longer need to incur facility expenses or a planner to make the arrangements.

Materials

Sales readiness materials are all stored in the cloud. This virtual micro-learning eliminates the need to produce, transport, or ship bulky training manuals and hand-outs. You no longer need to update existing print manuals or bear the costs associated with such a time-consuming process. The content used for micro-learning are considerably shorter than traditional materials and can be created much more quickly. This reduces development costs.

Trainers

Switching to this short-format, easily accessible learning format means that you no longer need to pay a trainer to teach in live classroom-like settings. You won’t have to pay an instructor’s hourly rates. In fact, you’ll be able to use many internal SME’s, and other knowledgeable staff members, to create training materials. You can also repurpose your existing training content.

Re-training

It’s a known fact that learning is forgotten if it’s not reiterated often. Based on research by Hermann Ebbinghaus’ research, more than 40% is forgotten within just a few days. By the end of a months’ time, participants have lost 80-90% of the information taught. This creates the need to re-train on topics periodically when traditional training methods are used. Reps are taken out of the field, yet again, simply to refresh their memory of material already covered. With micro-learning, you never need to conduct retraining or refresher training sessions. Plus, information reinforcement is built into the easily accessible bite-sized training style.

Ebbinghaus Forgetting Curve

(as seen on flashcardlearner.com)

Onboarding

Research indicates that employee retention increases when companies keep them engaged and provide quality training. Virtual micro-learning enables excellent training that accomplishes both of these needs. This, in turn, reduces sales rep turnover, the need for new hires, and the resulting onboarding expenses. Plus, micro-learning accelerates new rep ramp rate because modules are short and easy to digest. This means that they reach full productivity faster, reducing onboarding costs, and increasing their contribution to the bottom line sooner.

Productivity

Although productivity is a soft cost, its financial impact is very real. Traditional training requires your sales force to lose valuable selling time that can never be recovered. Sales dollars are reduced during the time your sales team is at an event. It also takes your reps time to get back into their normal routine once they return from training. Micro-learning doesn’t have this negative impact on sales productivity because it easily fits into your sales reps’ daily schedule.

These savings are just one aspect of the value of using virtual micro-learning to educate your sales force. With pressure to contain costs, this is one way that you can accomplish this goal while getting an edge in the marketplace. Next time we’ll be talking about gaining a competitive advantage with virtual micro-learning. In the meanwhile, you can reduce costs with virtual micro-learning for sales so your organization can start experiencing the benefits now.

Building an Integrated Sales Enablement Ecosystem

Deepti Sundareshan on April 25, 2018

With today’s buyers waiting until they are 60 – 80% along their buying process, depending on which research you read, it’s becoming more and more important for these cross-functional departments to get on the same page. Without this alignment, it becomes nearly impossible for sales to function efficiently and close business as effectively as possible. That’s why building a completely integrated sales enablement ecosystem is important.

A sales enablement ecosystem should ensure that salespeople have access to the right content at the right time to advance sales. Plus, it should provide technology to sales staff that will help them streamline their tasks. An ecosystem that consists of a sales enablement platform that sits between the enterprise marketing automation (MA) system and its customer relationship management (CRM) system can facilitate the collection of intelligence from both systems and everything else that happens in between. Combining the data from both systems can help provide analytics and insights to use in decision making. With such a platform, the more solutions you can be integrated, the greater the insights. This intel is valuable to all involved departments including Marketing, Sales, Sales Ops, Product Development, Customer Service, and more. And, it puts everyone on the same page for more streamlined and efficient operations.

There are many benefits to building a completely integrated sales enablement ecosystem, including:

Consistent messaging
Improved communications across the entire enterprise help with consistency of branding, messaging, and updated product information. It provides sales with timely information that’s needed to craft messages for specific prospects. Without this free flow of information between departments, it’s more difficult to achieve business success.

Buyer’s journey alignment
Improved marketing and sales alignment with the buyer’s journey is a result of improved intra-department communications. Marketing needs to remain informed concerning prospect motivators and challenges. Sales reps are in the best position to acquire this information and share it with Marketing. Salespeople see the ever-evolving pain points of their leads and are able to share them. This allows Marketing to continually create content to address these as they change.

Agile strategy adjustments
This open feedback from sales reps to other departments, such as Marketing and Operations, facilitates quick changes to sales and marketing strategies.

Ability to share quickly and easily
These adjustments are then easily communicated through this shared platform in the form of updates, training, and new content. And it’s all done with the simple click of a button.

A huge competitive advantage
Due to increased efficiencies, organizations who build a completely integrated sales enablement ecosystem gain a huge competitive advantage in the marketplace.

A fully enabled sales team
With all training, coaching, content, and communications funneling through one platform, your sales team is always up-to-date. They are prepared for any prospect or situation and able to create valuable solutions easily.</>

Increased sales performance and productivity
With everything available in one place, sales reps are able to find the content they need quickly, gaining increased selling time. Plus, consistent updates, training, and coaching make them more effective. These elements improve sales results as well.

Building your ecosystem

With so many benefits you’re probably wondering how to go about building a completely integrated sales enablement ecosystem for your organization. Start by determining your objectives and goals. Next, select a sales enablement platform that will best meet your requirements. The selection process includes considerations such as ease of use, mobile readiness, integration options, and analytics capabilities. Be sure to consider whether the vendor will be a good partner on the long-term. Implement your selected solution. This includes defining scope, allocating resources, building a process, training, and more. You’ll find additional information about this process in this article.

A clearer structure and open communications provide for better operations. Building a completely integrated sales enablement ecosystem keeps Sales, Marketing, Operations, and more on the same page. The many benefits you’ll gain include consistent messaging and improved buyer’s journey alignment. Agile strategy adjustments and sharing of information at the touch of a button allow your organization to stay ahead of other businesses in the marketplace. This gives your company an advantage over the competition. A fully enabled salesforce increases sales performance and productivity. Of course, all of this adds up to a stronger organization and better bottom line. As you can see, it’s worth the effort to start building a completely integrated sales enablement ecosystem so your organization can reap the benefits too.

How to Change from Feature-Based Selling to Value-Based Selling

Deepti Sundareshan on April 17, 2018

When making changes to your sales approach or processes, you want to be sure you achieve your desired outcomes. With a plan in place, you increase the likelihood that you will. Below are the steps you need to take to change from feature-based selling to value-based selling.

To make this transition you’ll want to follow these steps:

  •         Revise your sales process
  •         Update your competency framework
  •         Identify and create the required content
  •         Identify individual knowledge and skill gaps
  •         Guide and coach your reps through personalized training
  •         Provide ongoing updates

Revise your sales process

There are several reasons to revise your sales process. They include changes to your company, team, product, customer base, customer behaviors, and decreased results from your existing process. Changing your sales methodology is often the outcome of one of these reasons. To revise your sales process consider what changes will be necessary to accommodate your value-selling approach. When, in the buyer’s journey, will your reps be initially engaging with prospects? What steps will need to take place, using a value focus, to convert the prospect to a customer? Map this out very carefully so your sales team always knows what’s next to advance through the process successfully. Once the process is implemented, be sure to use metrics and rep feedback to fine-tune and adjust it as needed.

Update your competency frameworks

Before you can make the change from feature-based to value-based selling, you need to update your sales competency frameworks. These plans provide detailed information about behaviors, skills, and knowledge requirements for each sales position. They simplify benchmarking and help you easily recognize successful training outcomes. To update your frameworks, consider what knowledge, skills, and attributes should be removed from your current ones for each sales position. Next, add any new competencies that will be required for effective value selling. Depending on your particular product or service, these will vary. In our discussion about value-selling, we included several categories of skills and knowledge your team must have for success. They include product, case studies, marketplace, industry information, and buyer personas. Compare these to your current competencies to identify the updates needed. If you’d like more information relating to sales competency frameworks, we discuss this topic in more detail in

this article

.

Identify and create the required content

Once you’ve updated your sales process and your competency frameworks, you’ll be able to identify content gaps. Develop updated content that incorporates your new messaging for both internal and external use. Be sure that you have content for every stage of the sales process, prospect industries, and each persona involved in the buying process. Content will include training materials such as buyer personas and corresponding value propositions for each product, industry, and persona. Plus sales playbooks and training materials like audio, video, and written training snippets, assessment quizzes, games, and certification exercises. Client-facing content tools might include case studies, white papers, e-books, and the like. As this content is used, don’t forget to gather feedback on it from your sales team. Track which pieces are used and which are most effective. This will simplify future content planning.

Identify individual knowledge and skill gaps

If you training your entire sales team on the same material, you risk boring more experienced reps while confusing less experienced ones. You should allow reps to fulfill their individual training requirements. To do so, you must identify each team member’s specific knowledge and skill gaps. There are several ways to do this. These include observation of demonstrated skills and behaviors, assessments through task simulations, self-assessments, quizzes, and performance data. To learn more, you can read

this article

about identifying knowledge and skill gaps.

 

Personalized training with coaching

Armed with your reps’ knowledge and skill gap information, you can start guiding and coaching your reps through the personalized training they need. Prioritize their training needs to help them get started. Utilize short bite-sized written and video training modules. At the end of each module, include short quizzes and games designed to measure their understanding while reinforcing what they’ve learned. Simulation missions allow sales reps to practice and apply what they have learned. For minimal impact on their schedules, these are completed via mobile video and coach feedback is provided. This will reinforce correct practices and prevent the development of bad practices. It’s an excellent way to incorporate another layer of coaching.

Leverage gamification

to motivate them to advance through their training. Leaderboards and rewards will activate their competitive nature too while keeping the process fun and engaging. Incorporate certifications at the end of each course to ensure that reps are properly prepared to effectively apply their newly-learned knowledge and skills.

Provide ongoing refreshers and updates

It’s been shown that training, without ongoing reinforcement, is very quickly forgotten. This is why it is important that you provide your salesforce with refreshers and updates. Refreshers can include bite-sized pieces of supplemental information relating to what they’ve already learned. Share cheat sheets, best practice examples, and reminders. Send out pop quizzes from time to time also. This will allow them to recall knowledge they’ve been taught and apply it. Coaching and simulations exercises are also excellent ways to help your team remain effective by using their skills in different scenarios so they’re always prepared. Updates should include information about new content, new success stories, changes in the marketplace, and changes internally. With these, they’ll always have the latest information at their disposal and never be caught off guard by unexpected questions from prospects pertaining to the latest changes.

Now you have a roadmap to help you change from feature-based to value-based selling. Once you’ve completed this process your team members will be prepared to provide more valuable solutions to their prospects. The end result will be consistently elevated rep performance and more closed deals. And isn’t that the goal? Now it’s time for you to get started with this process so you receive the benefits of value-based selling in your organization!

Improve Sales’ Performance By Transitioning to Away from Feature-based Selling

Deepti Sundareshan on April 11, 2018

Organizations are always looking for ways to improve sales’ performance. It used to be sufficient to sell the with pointing out features and benefits. Today’s buyers expect salespeople to understand their business and guide them to solutions that target their specific challenges. The best way to do this is by focusing on value. Research by the Rain Group found that companies that drive value have 9% higher win rates than all others. That results in a dramatic impact on revenue and profitability. So, it’s time to elevate sales performance by transitioning from feature-based to value-based selling.

What is value-based selling?

Value-based selling is a process that leads to tailor-made solutions based on the needs, challenges, and goals of the prospect. These solutions result in the prospect’s desired business outcomes. This undertaking involves carefully considering the opportunity from the buyer’s perspective. To do so, sales reps must understand several things before formulating a solution. They need to know the prospect’s business and how it runs. This helps them identify their goals and challenges. Knowledge of competitors’ strengths and weaknesses are important here, along with an understanding of marketplace trends.

Once reps have a feeling for the buyer’s business, they can refocus the conversation on proving the value your solution will bring to the prospect’s unique situation. This should include detailed cost and benefit information that is both tangible and intangible. Other considerations are Total Cost of Ownership, training, cost of changing, opportunity costs, and time to market. Reps need to gain a deep understanding of which of these costs are important for the buyer to be able to better position the solution’s overall value. Taking the time to understand the customer more deeply helps build the necessary trust and relationship.

Moving from feature-based to value-based selling

To prepare your sales force to engage in value-based selling you must educate them on several topics. These include the following:

  • Product:Make your reps experts in your product. Have them use it so they intimately understand it. They should be able to easily discuss its uses and applications in depth. This will increase their confidence and their credibility.

 

  • Case Studies:Share customer success stories, and use cases with your salesforce. Continually document an assortment of case studies. Make this content available for reps to share with prospects throughout the buyer’s journey. Be sure to include ones from various industries and with diverse outcomes.  Have ones that will resonate with each of the personas most commonly involved in your prospect’s buying committees. This ensures your reps are always armed with the appropriate content to share with everyone engaged in the purchasing decision.

 

  • Marketplace:Keep reps current on competitor changes and new offerings. This will allow them to more effectively differentiate their solutions and build value. Awareness of marketplace trends is important as well. With this precious information, your salesforce will be better prepared to act as trusted advisors to their prospects.

 

  • Industry Information:Provide reps with an ongoing education about key industries that your customers inhabit. This will allow them to more fully understand the challenges and issues prospects are facing. With this knowledge, your reps will become strategic consultants. They’ll be able to tell prospects

    why

    they are experiencing pain instead of simply identifying their pain. Demonstrating understanding, by offering the best solution, enables reps to provide value to prospects and increases success.

 

  • Buyer Personas:It’s become more common for a group of people to make business buying decisions. Arm your sales force with an understanding of the buyer personas most often included in a buying committee. They’ll know how to communicate with each of them. Plus, addressing their concerns and building value will be simplified. This will allow them to build trust and credibility while accelerating the sales process.

It’s clear that feature-based selling is no longer effective. For your reps to produce better sales results, you must prepare them for value-based selling. That involves educating them on many topics such as product, case studies, marketplace, industry information, and buyer personas. Armed with this knowledge, your team members will be ready to successfully engage customers. Plus they’ll be able to formulate customized solutions that win more deals. By now, you’re probably ready to get started.

How Best-in-Class Sales Enablement Programs Accelerate Value Selling

Deepti Sundareshan on April 4, 2018

CSO Insights defines sales force enablement as, “A strategic, collaborative discipline designed to increase predictable sales results by providing consistent, scalable enablement services that allow customer-facing professionals and their managers to add

value

in every customer interaction.” And, Aberdeen Research found that “All-in” sales enablement practitioners experienced 56% greater annual revenue growth when compared to all others. “All-in” practitioners included content, technology, and training-based approaches in their sales enablement programs. This shows that best-in-class sales enablement programs accelerate value selling. Let’s look at how these programs create this change in sales velocity.

Shortens onboarding time

Average ramp time ranges from three to seven months. This is partly due to increasingly complex sales cycles. Shortening the time to new hire full productivity can have a major impact on your company’s bottom line. According to CSO Insights’ 2016 Sales Enablement Optimization Study, onboarding training services that meet or exceed expectations result in a 14% improvement in win rates. These services are typically part of a sales enablement program. In this program, new hires learn the value they can offer their prospects, what resources they have to do so, and how to use them. Shorter onboarding through sales enablement helps accelerate the value selling process.

Prevents information overload and increases selling time

It used to be that your sales force received information from many platforms such as the internet, email, LinkedIn, Facebook, and YouTube. Then when they needed to find the information, it wasted a lot of their time. According to a McKinsey Report, almost 20% of your reps’ time is spent just searching and gather information. CMO Council found that 40% of a rep’s time is spent searching for content created by marketing or customizing content, because they can’t find relevant materials for their particular prospect. Sales enablement, that incorporates content, technology, and training approaches, streamlines learning and communications. They’re all integrated into one platform so reps spend less time switching from one tool to another to complete tasks. This allows them to be prepared to show value in every customer meeting. Plus, they don’t waste time trying to figure out where to find the content and resources they need, so they’ll have more time to actually sell.

Improves content alignment and keeps it current

Best-in-class sales enablement tracks content engagement and gaps. This allows Marketing to identify the most effective materials as well as the gaps where assets are missing. This helps them identify gaps and develop content to fill those gaps. Sales content and sales processes remain better aligned and more impactful as a result. Plus, your sales team is more likely to have what they need, when they need it, to provide value to prospects and customers throughout the sales process.

Facilitates sales readiness

Forrester defines sales enablement as a strategic, ongoing process that equips reps with the ability to consistently have valuable conversations with customers at each stage of the sales cycle. To do so, reps must master a lot of ever-changing information relating to your products, customers, and marketplace. They also need to be skilled at implementing all the stages of your sales process as you adjust it. Best-in-class sales enablement facilitates the ongoing learning, communications, and skill building that is required to ensure your sales force is always ready to meet client needs. It prepares them to provide the value that prospects expect and demand. This readiness allows your company to stay a step ahead of the competition as well.

Sharing of best practices

Without a system in place, the sharing of best practices rarely occurs. Best-in-class sales enablement programs facilitate the collection and sharing of best practices for easy access by your sales force. This library provides examples to speed up skills development and mastery. They help reps know which content or techniques most effectively advance deals to a close. These examples also help them stay current with what customers and prospects find of value at any given point in time.

Now you can see how best-in-class sales enablement programs accelerate value selling. If you haven’t already, shouldn’t you put one in place so you can realize these results in your organization?

How to Create a Sales Competency Framework That Aligns with Organizational Goals

Deepti Sundareshan on March 29, 2018

Sales organizations today are being challenged to do more with less. With ever-rising quotas and a continuously changing marketplace, it’s important to communicate clear expectations. A sales competency framework facilitates this. It states what skills, knowledge, and behaviors are expected for each position. This simplifies hiring, training, and performance measurement. Such a useful asset is unique to each organization, since it’s aligned with corporate goals and priorities. When created properly, a sales competency framework has been found to improve hiring, increase training focus, and elevate performance outcomes.

Understanding sales competencies

So many organizations have historically conducted training and failed to measure their results. The challenge has been, how to go about actually measuring progress and recognizing results. An effective sales competency framework not only makes it possible to know when training and coaching are having a positive impact, it makes measurement easier too because it identifies desired end results.

These frameworks spell out specific profiles of ideal sales people too. This minimizes hiring errors because there’s clarity around what characteristics and abilities the best candidates should possess.

They detail the end goal of behaviors, skills, and knowledge so benchmarking of teams and individuals is simplified. Plus, they establish measurement criteria to utilize during development.

Overall, a sales competency framework lets you deliver a development program with the potential to change behavior for the better. It results in improved performance and a measurable return on investment.

How to create a sales competency framework

Now that you know what a sales competency framework is, let’s look at how to create one for your organization. Keep in mind that this is an evolutionary process that may take some time. Once you work through it, you’ll want to refine and update it periodically so it changes as your organization and marketplace do.

Start by identifying the competencies for each of your difference sales roles. They should define the knowledge, skills, and attributes needed to perform the jobs effectively. Be sure that these are all measurable and determine how they will be measured.

As you determine which competencies best represent each role, involve various people in the process. These should include top performers in your sales force as well as sales management. This will increase acceptance and use of competencies once they are implemented, plus it prevents inclusion of irrelevant competencies.

To ensure that the most important competencies are included in the framework, information should be collected for each role. It can be collected in several ways:

  • Observing of individuals while performing their roles.
  • Interviews of people in each role either in small groups or individually.
  • Questionnaires may be used to gather data relating to roles.

When putting it all together, define each of the key characteristics across a range of performance levels for easy measurement and benchmarking. These competencies need to be aligned with sales force strategies, processes, and goals so they drive the desired results of your organization.

As you implement the competency framework, remember to communicate the end goal clearly. This will increase acceptance and utilization as well as results. The framework should be a handy tool and reference for all who use it. Don’t forget to enlist feedback to facilitate adjustments and updates on a routine basis.

Having an established sales competency framework improves communication by proving a common language for describing effectiveness across your organization. It provides a vocabulary and examples for use by management when discussing performance with employees. Plus, it creates greater consistency and objectivity when assessing performance. This model reduces mistakes in recruitment and new hire selection. And, most importantly, individual employees can see a clear path for personal development and progress in their current and future roles. This simplifies the entire training and development planning and implementation process. If this is what you want for your organization, it’s time to get started developing your sales competency framework.

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