Definition: Hiring a professional sales training firm or trainer to create a systematized, regular sales training program for your inside sales force.



Similar documents
SALES EXECUTION TRENDS 2014

NINE WAYS TO GET YOUR SALESPEOPLE TO FOLLOW UP ON MORE LEADS by Mari Anne Vanella The Vanella Group, Inc

OPTIMIZING SALES EFFECTIVENESS THROUGH VALUE AND DIFFERENTIATION

The Intelliverse Way - Finding, Closing, and Nurturing Sales Leads

Better Sales Onboarding. with Guided Selling

Improving Sales Productivity: What We All Know but Rarely Do

How To Improve Productivity With Acselleration Series

Developing Great Frontline Sales Managers: Four Key Sales Management Abilities

MOVING THE MIDDLE. The Business Impact of Making Your Middle Sales Performers Better

DEMAND GENERATION: And The Cold Call STAR-Pro Methodology

Analytics-driven Workforce Optimization

Simplifies how inside sales teams work and collaborate Makes it easier for sales managers to set goals and objectives consistent with future growth

State of Sales Productivity Report

How To Choose A Successful Guided Selling Software

Sales Management and Sales 2.0

THE FIRST NINETY DAYS.

DEFINE YOUR SALES PROCESS

Viewing the Landscape

YOUR COMPLETE CRM HANDBOOK EVERYTHING YOU NEED TO KNOW TO GET STARTED WITH CRM

Are you the industry s best kept secret? Not for long. We re terrible at keeping good things a secret.

The Leadership Mystery Defining Leadership Success through Competency Modeling and Workforce Analytics

4 KEY CHALLENGES OF B2B SALES LEADERS

BUSINESS IMPACT WHITE PAPER SERIES MATTER MANAGEMENT: THE GROWING DEMAND FOR MANAGING LEGAL PROJECTS 2014, ADERANT HOLDINGS, INC. ALL RIGHTS RESERVED

Informatica Project Rightsize

MASTERING THE LEAD MANAGEMENT PROCESS

Take Online Lead Generation to the Next Level

AIA Michigan s Social Media Marketing Course

GETTING MORE RAIN FROM YOUR RAINMAKERS WHY INVESTING IN YOUR HIGEST PERFORMING SALES STARS IS THE SMARTER CHOICE FOR GROWING REVENUES

Thought Leadership Selling

ROI of Marketing Automation a comprehensive look at how marketing automation delivers exceptional return on investment for users

When the vice president of sales wants. Sales Talent Through Partnerships. Attract, Deploy & Retain the Right

Business Performance Delivered. 10 Steps to Achieving Success with Salesforce.com SHIFTING FROM CRM ADOPTION TO CRM ADDICTION

Acquiring new customers is 6x- 7x more expensive than retaining existing customers

How to Improve Customer Loyalty in Small Business

A Modern Sales Roadmap. 7 best practices to drive sales success. tellwise

Systematizing selling: applying a framework for a more effective sales force

Targeting. 5 Tenets. of Modern Marketing

ACCELERATING PROSPECTS TO WINS REALIZING THE POTENTIAL OF CRM. by Carrie Camino & Jeff Finken

Spotting Opportunities With Your CRM

Eight Ways to Increase your Company s Profits by Employing a Call Center

CUSTOMER EXPERIENCE SURVEY SM

Setting smar ter sales per formance management goals

v o l u m e f i f t e e n p e r f o r m a n c e m a n a g e m e n t

Gain Business Insight and Achieve Sales Success with CRM

Sales Coaching for Improved Performance:

Choosing an LMS FOR EMPLOYEE TRAINING

THE STATE OF SALES EXECUTION

Professor: David Shepherd

The Ultimate Guide to Selecting a Web Content Management System. An 8-step guide to successful WCMS selection

WHITE PAPER. The Five Fundamentals of a Successful FCR Program

Marketer s Guide to Prioritizing Leads. Focus your time, money and effort on bringing new business by identifying and engaging the most likely buyers

10 Steps To Getting Started With. Marketing Automation

The Buying Process as a. Sales Enablement Framework

Successfully installing a sales process

Impel Customer Relationship Management (CRM)

Interview Guide for Hiring Executive Directors. April 2008

Business Intelligence for Intelligent Business Decisions

IHE Evidence XXX XXX XXX

Not Your Grandfather s Recruiting Strategy. Tuesday, 21 March 2006

Relationship Building Through Telesales

Telemarketing Services Buyer's Guide By the purchasing experts at BuyerZone

Building a Lead-to-Cash Solution

A Guide to Improving Marketing Asset Management 9 Steps to Implementing Best Practices for Your Organization

SaaS Survey Results By Ron Snyder, David Steinore, Kathy Gogan

How To Buy A Crm Solution

Direct Path to Sales & Negotiation Training ROI

The five questions you need to ask before selecting a Business Intelligence Vendor

The ROI of Marketing Automation

User s Guide The Sales Strategy Fundamentals. Center For Advantage TM

How Not to Nurture Your Leads Ten Mistakes Manufacturers Make in Marketing Automation

10 THINGS TO CONSIDER BEFORE STARTING A LEAD GENERATION COMPANY

RealTests.M questions

THE ANALYTICS CLOUD REVIEW

Long-Term Care Insurance Buyer Profiles: Implications for CLASS

Speech Analytics: Best Practices for Analytics- Enabled Quality Assurance. Author: DMG Consulting LLC

Recruiterpowered by CloudCords

Reinventing Your Sales Organization

Content Marketing The art of selling without selling!

Zoom for Information Governance. Predictive coding for records retention compliance and data remediation

Effective Management of Quality Management Systems

Project-Based Cartographic Learning in an Advanced Technology Classroom. Brian P. Bailey

Strategies to Optimize Call Center Performance

Sales 2.0 for the Real World

The key to success: Enterprise social collaboration fuels innovative sales & operations planning

SMALL BIZ, BIG POTENTIAL

HOW TO CREATE A KILLER SALES PLAYBOOK

Center for Business and Industrial Marketing

IS IT POSSIBLE THAT WHAT YOU LEARNED ABOUT COACHING IS WRONG?

White Paper. Change Management: Driving the Long-Term Success of Your Workforce Management Solution

A Strategic Approach to Customer Engagement Optimization. A Verint Systems White Paper

Five Strategies for Increasing the ROI of Marketing Events

The Art of CRM. A white paper by cloudfortyseven Limited. Author: Michael Fleming DipM ACIM

The 5 Questions You Need to Ask Before Selecting a Business Intelligence Vendor. Share With Us!

Best in Class Referral Programs

CallMiner Speech Analytics Everything else is just talk. Cliff LaCoursiere SVP Business Development - CallMiner, Inc.

[ know me ] A Strategic Approach to Customer Engagement Optimization

CONTENTS WHAT IS ONLINE MARKETING? WHY IT'S IMPORTANT HOW TO GET STARTED // TRADITIONAL MARKETING // TYPES OF ONLINE MARKETING

TEAMWORK. Recruitment HR Consulting Market Research A WINNING TEAM IS GREATER THAN THE SUM OF ITS PARTS.

Recruitment Process Outsourcing:

Your Complete CRM Handbook

Transcription:

METHOD 1: EXTERNAL SALES TRAINING Definition: Hiring a professional sales training firm or trainer to create a systematized, regular sales training program for your inside sales force. Training will be systematized Typically very high value training material and content Does not time burden your managers Expensive Often generic, off the shelf training that isn t tailored to your sales reality Sometimes reps resist external training programs forced on them Never hire for one shot, or even short term sales training events and programs. To generate substantial returns, this has to be a long term upskilling campaign Thoroughly vet your potential sales training firms to find the best one. Interview the trainer(s) just like you would a job candidate. Final notes: This is a very valid approach for companies that have a well of resources to spend on sales training and development programs, and who are time strapped themselves. The goal is to find a program that is as close to your type of sale as possible.

METHOD 2: INTERNAL SALES TRAINING Definition: Utilizing internal staff to create a systematized, regular group sales training schedule, curriculum, and program for your inside sales force. Less directly expensive Higher likelihood of having custom, tailored training specific to your sales reality Lower degree of rep resistance to the program Significant time burden on managers, if they are tasked with it. If they are not, you need to hire a dedicated internal trainer, which means overhead Training may fall through the cracks more often, due to manager s other responsibilities Internal employees are typically less skillful trainers and teachers : Systematize as strictly as possible Better to train on 5 skills repeatedly over several weeks than 10 skills once each time. Repetition is the driver of mastery Final notes: If you are going to go this route, commit to it. Systematize a set training schedule, agenda, and curriculum that you stick to come hell or high water. Once you skip it for higher priority activities, the precedent will be set.

METHOD 3: SYSTEMATIZED, ONE ON ONE MANAGER TO REP COACHING Definition: Regular, scheduled one on one coaching sessions with reps, and their direct line managers. This can include listening to call recordings, pair selling and giving feedback after the call, live monitoring, and individual, one on one teaching sessions. Extremely effective if you can strictly systematize, and make the time commitment Makes group sales training programs stick Reps receive individual attention, accelerating their skill development Extremely time consuming and demanding on managers Rarely gets executed to the degree it should Inefficient, meaning you are developing one rep at a time. Should be paired with group training Combine this with a form of group trainings for maximum effectiveness Schedule one on one coaching sessions for the same time/day every time to ensure it becomes ritualized and ingrained into your sales culture Use all one on one coaching methods: call recordings, monitoring, pair selling, role playing, and individual training sessions. Final notes: Sales coaching is what makes sales training stick. Research shows that 87% of all sales training is forgotten by reps within 30 days. Systematic coaching programs are what makes the training stick, and generate behavioral changes.

METHOD 4: LEARNING RESOURCES Definition: Giving reps free access to sales learning resources such as LMS content, e books, audio programs, etc. Reps have access to a myriad of some of the world s best sales education If consumed, reps will drastically increase their skill levels over time Zero time commitment as a stand alone, and very little financial resources need to be invested, relatively Reps often don t do it it is often dependent on an individual s motivation to learn, and their perception that the content will help them achieve their goals Difficult to systematize, unless used with an LMS Scattered learning instead of mastery of one skill or method at a time Always combine with coaching and training programs Best to give access to education that aligns with your sales process, etc. i.e. If your organization follows The Challenger Sale methodology, don t give access to a bunch of random sales books and audiobooks. Focus on the one methodology. Final notes: In a perfect world, this would be a great option for upskilling your team. Unfortunately, most reps have to be cajoled into taking advantage of free learning resources. So, best to combine this with the above methods, rather than relying on it.

METHOD 5: TWO SIDED SALES ROLE PLAYING Definition: Reps engage in an active role play, acting out sales scenarios, playing both the sales rep, and the buyer. This will help ritualize key sales behaviors The muscle memory will carry over into their live sales calls quickly Reps will learn a lot about what works in sales by playing the buyer in these role plays Reps often view this as awkward, and resist accordingly The buyer actor often does not act how an actual live buyer would respond in a real sales call Difficult to systematize This shouldn t be stand alone, but rather a part of a coaching or training program Be sure reps play the prospect just as often as they play the rep. They will learn a lot from the buyer s perspective of a sales call Final notes: Probably the greatest value here that is overlooked is the paradigm shift reps often get from playing the buyer. It becomes surprising at how much of what a salesperson is saying is glossed over, and they begin to realize what actually resonates with buyers by thinking from their perspective.

METHOD 6: CONVERSATION IMPROVEMENT TECHNOLOGY Definition: Software that utilizes both call recordings, and speech to text transcriptions of those recordings, and intelligently analyzes the call for coaching, training, visibility, and reporting purposes. (see: http://conversature.com ) Gives sales managers and leaders a mass level bird s eye view of their inside sales organizations conversations helping them understand sales calls at scale. Ability to pinpoint training needs across the sales force, a team, or an individual Ability to track behavioral progress over time Makes one on one coaching significantly less time consuming and burdensome Inexpensive, relative to other methods Ability to identify objective commonalities between unsuccessful and successful calls, so you can replicate the successful behaviors across the team Training and coaching are still needed this is not a stand alone. Does not work for all types of sales process You often need to have call recording in place beforehand Evaluate based on the following criteria: Can the technology intelligently identify key sales behaviors automatically? Does it significantly streamline my manager s one on one coaching sessions via call recordings? Is the technology custom made for sales? Or is it also used for customer service, etc., making it generic? Does it give sales leaders meaningful visibility without them having to actually listen to call recordings? Does it do more than just make listening to call recordings easier? Does it provide useful analytics? Final notes: The driver of improvement in anything is visibility. Without visibility into your team s conversations at scale, it s near impossible to improve them.

Conversation analytics and improvement technology, when paired with coaching programs, gives inside sales managers extremely high leverage in yielding consistent performance improvements across the board for their team. To learn more about conversation analytics and improvement technology, go to: http://conversature.com/inside sales conversation analytics demo/ and request a demo. Or, go to http://conversature.com