AIPMM Webinar Series

www.aipmm.com
© AIPMM 2013

www.aipmm.com
© AIPMM 2013

www.aipmm.com
The Hub Of All Things Product Management

Association of International Product Marketing and
Management
• With members in ...
AIPMM Certifications
AIPMM offers globally recognized certifications:

• Certified Product Manager (CPM®)
• Certified Prod...
Tweet!
Use
AIPMM:
Sales Enablement:

#AIPMM
#SalesEnablement

Follow
Tom Evans
Hector Del Castillo:
AIPMM:

@CompellingPM
...
Participate and Win!
• One lucky winner will win one Guide to the
Product Management and Marketing Body
of Knowledge (Prod...
Today’s Speaker
Moderator:

Hector Del Castillo, CPM, CPMM, PMP
Presenter:

Tom Evans, CPM, CPMM
Compelling PM
tevans@comp...
Nothing Happens Until
Someone Sells Something:
Best Practices to Enabling Your Sales Channel
to Effectively Sell Your Prod...
Presentation Agenda
• Typical challenges with sales teams
• Why this happens
• What you (PM) can do to improve the
situati...
The Scenario
Product (Smart Credit) targeted for credit
issuers to better manage credit lines and
interest rates based upo...
The Lead
• Sales meets an IT Manager of credit card
issuer at a trade show.
• IT Mngr – “I need a solution to detect
payme...
The Prep
• Sales to Marketing – Create new collateral
that shows “our payment fraud solution.”
• Sales to Sales Engineer –...
The Sales Presentation
• PowerPoint Presentation
– Let me tell you how great our company is.
– Now, let me describe our Ev...
The Proposal
• Sales to Marketing – Create a new proposal
template for payment fraud.
• Sales to Sales Engineer – Create a...
The Close
• IT Mngr – “The VP of Fraud decided to go with
Competitor X, which is used by companies a,
b, c for the exact s...
The Why?
• Opportunistic v. Targeted Opportunity
– i.e., high unlikely to win to begin with.

• Never engaged executive th...
The Impact
• Wasted resources on long shot opportunity.
• New features in the product that nobody
needs.
• A frustrated an...
The Real Why This Happens
1. That’s just the way sales people are.
2. They were never properly enabled with the
right know...
The Real Why This Happens
1. That’s just the way sales people are.
2. They were never properly enabled with the
right know...
The Solution

Sales Enablement
Who owns it?
Who owns the message?

Product Marketing
Copyright 2013. The Lûcrum Group, Inc...
Sales Enablement Defined
Sales enablement is a strategic, ongoing process
that equips all client-facing employees with the...
Evidence of Sales Enablement Problem
• In 43% of losses the reason was “Lost funding or
lost to no decision (Forrester)
• ...
Goals of Sales Enablement
• Improve sales team productivity.
• Enables sales to have valuable conversations
with the right...
Starting Point of Sales Enablement
• Deep Understanding of Customers
• Who they are
– Buyer Personas

• Why they buy
– Pro...
Sales Enablement (Base Components)
•
•
•
•
•

Product Backgrounder
Needs Discovery Guide™
Executive Level Presentation
Mes...
Product Backgrounder
• Target Markets / Segments
• Market Needs / Challenges
• Buyer Profiles - Personas / Needs / Challen...
Copyright 2013. The Lûcrum Group, Inc.
Needs Discovery Guide
• Aka - Pain Sheets / Solution Development
Prompters
• One per buyer role per market segment
– Chall...
Copyright 2013. The Lûcrum Group, Inc.
Executive Level Presentation
• Market / Buyer needs
• High level discussion of how your solution
addresses needs.
– Rememb...
Message Driven Demo
• Communicates key messages.
• Show how buyers needs are solved.
• Build it as story.

Copyright 2013....
Competitive Weapons
• Competitive Comparison Matrix
– Value/benefits oriented

• Competitive claims and your response
• Qu...
Getting Sales Buy-in
• Have an executive sponsor (Sales VP/CEO).
• Train them and train them some more.
• Test them on the...
Closing Thoughts
• Train the sales team & then test them (certify)
• Review on a regular basis.
• Make sure marketing and ...
Upcoming Training
• Optimal Product Management & Product
Marketing
– Dec 9 – 11 (Austin)

• AIPMM Certifications
– Nov 5 –...
Free 1 Hour PM/PMM Consult
•
•
•
•

First ten to submit information on form
http://compellingpm.com/freeonehour/
Please in...
Thank You!
Tom Evans
CompellingPM
tevans@compellingpm.com
@compellingpm
www.compellingpm.com

Copyright 2013. The Lûcrum G...
Q&A
Moderator:

Hector Del Castillo, CPM, CPMM, PMP
Presenter:

Tom Evans, CPM, CPMM
Compelling PM
tevans@compellingpm.com...
Upcoming Courses
Course & Location
CIL® Certification Prep Course & Exam
Athens, Greece

Dates

Time

Dec 2-3, 2013

9 am ...
Upcoming Courses
Course & Location
Dates
ACPM® Certification Prep Course & Exam Dec 9, 2013
McLean, VA
CPM® Certification ...
Please Join Us Again!
AIPMM Webinar Series:
Fostering Learning and Innovative Cultures
Friday, Nov 8th, 12 pm ET
Building ...
Upcoming SlideShare
Loading in...5
×

Nothing Happens Until Someone Sells Something

1,659

Published on

Too often, those of us in the product marketing role are not doing enough to help our sales team or sales channel be successful. Our typical approach to helping is to provide a new salesperson with some marketing collateral and a product presentation and then wish them luck as they look for prospects and try to close deals with anyone that listens. This approach is sufficient for the star salespeople as they intuitively know how to talk with the right potential buyers about their problems and then show these buyers how to solve these problems with their products or services. But unfortunately, this only represents about 20% of salespeople. The other 80% of sales people need more training and coaching to be successful and we as product marketers need to help them be successful. This is the process of "Sales Enablement".

About the Speaker:
Tom Evans is Principal at CompellingPM and is an internationally recognized authority in product management, global marketing, business partnerships and entrepreneurship. In his extensive experience, he has helped start-ups through Fortune 500 companies create and launch winning products and has led business development efforts in the US and global markets.

Upcoming Events
Reserve your seat for the next AIPMM webinar. Visit: http://aipmm.com/aipmm_webinars/.

Want To Certify Your Team?
If you have a product team of 10 or more that you want to certify, visit: http://bit.ly/1bzjUYB.

About AIPMM
The AIPMM is the hub of all things product management. It is where product professionals go for answers. With members in over 65 countries, it is the worldwide certifying body of product team professionals.

It is the world's largest professional organization of product managers, brand managers, product marketing managers and other product team professionals who are responsible for guiding their organizations, or clients, through a constantly changing business landscape.

AIPMM's certification programs are internationally recognized because they allow product professionals to demonstrate their expertise and provide corporate members an assurance that their product management and marketing teams are operating at a high competency level.

Visit http://www.aipmm.com.

Upcoming Webinars: http://aipmm.com/aipmm_webinars/
Subscribe: http://www.aipmm.com/subscribe
LinkedIn: http://www.linkedin.com/company/aipmm
Membership: http://www.aipmm.com/join.php
Certification: http://aipmm.com/html/certification
Articles: http://www.aipmm.com/html/newsletter/article.ph

Published in: Business, Career
1 Comment
6 Likes
Statistics
Notes
  • Very helpful information! A lot of practices I usually adopt in my daily work but very well organized here in an effective presentation as a pragmatic methodology easier to adopt. Thanks.
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
No Downloads
Views
Total Views
1,659
On Slideshare
0
From Embeds
0
Number of Embeds
5
Actions
Shares
0
Downloads
0
Comments
1
Likes
6
Embeds 0
No embeds

No notes for slide

Nothing Happens Until Someone Sells Something

  1. 1. AIPMM Webinar Series www.aipmm.com © AIPMM 2013 www.aipmm.com
  2. 2. © AIPMM 2013 www.aipmm.com
  3. 3. The Hub Of All Things Product Management Association of International Product Marketing and Management • With members in over 65 countries, the AIPMM is the worldwide certifying body of product team professionals • The only organization that addresses the entire product life cycle (inception to obsolescence) throughout any industry • Presently has offerings in North America, Europe, Middle East, Australia and Southeast Asia • Membership benefits include eligibility for the certification programs, discounts to AIPMM events, and access to the career center, peer forums, tools, templates and publications © AIPMM 2013 www.aipmm.com
  4. 4. AIPMM Certifications AIPMM offers globally recognized certifications: • Certified Product Manager (CPM®) • Certified Product Marketing Manager (CPMM®) • Agile Certified Product Manager (ACPM®) • Certified Innovation Leader (CIL®) • Certified Brand Manager (CBM®) © AIPMM 2013 www.aipmm.com
  5. 5. Tweet! Use AIPMM: Sales Enablement: #AIPMM #SalesEnablement Follow Tom Evans Hector Del Castillo: AIPMM: @CompellingPM @hmdelcastillo @AIPMM © AIPMM 2013 www.aipmm.com
  6. 6. Participate and Win! • One lucky winner will win one Guide to the Product Management and Marketing Body of Knowledge (ProdBOK®) © AIPMM 2013 www.aipmm.com
  7. 7. Today’s Speaker Moderator: Hector Del Castillo, CPM, CPMM, PMP Presenter: Tom Evans, CPM, CPMM Compelling PM tevans@compellingpm.com @CompellingPM www.compellingpm.com © AIPMM 2013
  8. 8. Nothing Happens Until Someone Sells Something: Best Practices to Enabling Your Sales Channel to Effectively Sell Your Products Tom Evans CompellingPM @compellingpm Copyright 2013. The Lûcrum Group, Inc.
  9. 9. Presentation Agenda • Typical challenges with sales teams • Why this happens • What you (PM) can do to improve the situation Copyright 2013. The Lûcrum Group, Inc.
  10. 10. The Scenario Product (Smart Credit) targeted for credit issuers to better manage credit lines and interest rates based upon the credit risk of their clients/prospects, resulting in more balance build and less delinquencies and write-offs. “The events depicted in this presentation are fictitious. Any similarity to any person or company, living or dead is merely coincidental." Copyright 2013. The Lûcrum Group, Inc.
  11. 11. The Lead • Sales meets an IT Manager of credit card issuer at a trade show. • IT Mngr – “I need a solution to detect payment fraud. Can you do it?” • Sales – “Yes we can!” (liar) • Sets face-to-face visit Copyright 2013. The Lûcrum Group, Inc.
  12. 12. The Prep • Sales to Marketing – Create new collateral that shows “our payment fraud solution.” • Sales to Sales Engineer – Help me with a new presentation about “our payment fraud solution.” And while you’re at it, create a new demo that shows “our payment fraud solution.” Copyright 2013. The Lûcrum Group, Inc.
  13. 13. The Sales Presentation • PowerPoint Presentation – Let me tell you how great our company is. – Now, let me describe our Evolutionary Statistical Algorithm (ESA) and how great it is. • • • • Demo - Now for another “cool” feature. IT Mngr – “Do you have feature A, B, C?” Sales – “Yes we do” (liar) IT Mngr – “Here is RFP, Send a proposal” Copyright 2013. The Lûcrum Group, Inc.
  14. 14. The Proposal • Sales to Marketing – Create a new proposal template for payment fraud. • Sales to Sales Engineer – Create answers for this RFP. • Sales to Engineering – We must have features A, B, C in the product now to win this deal. We have a final demo in three weeks. Copyright 2013. The Lûcrum Group, Inc.
  15. 15. The Close • IT Mngr – “The VP of Fraud decided to go with Competitor X, which is used by companies a, b, c for the exact solution we need.” • Sales - Discount the price! • Sales - Discount it some more! • Sales - Send in the cavalry (executive team) • Sales - Oops – we still lost it – Why? Copyright 2013. The Lûcrum Group, Inc.
  16. 16. The Why? • Opportunistic v. Targeted Opportunity – i.e., high unlikely to win to begin with. • Never engaged executive that owns the problem • Sales message was technical v. speaking to business needs Copyright 2013. The Lûcrum Group, Inc.
  17. 17. The Impact • Wasted resources on long shot opportunity. • New features in the product that nobody needs. • A frustrated and irritated executive team. • Confusion in the market place on what the company does. Copyright 2013. The Lûcrum Group, Inc.
  18. 18. The Real Why This Happens 1. That’s just the way sales people are. 2. They were never properly enabled with the right knowledge and tools. Copyright 2013. The Lûcrum Group, Inc.
  19. 19. The Real Why This Happens 1. That’s just the way sales people are. 2. They were never properly enabled with the right knowledge and tools. PM Copyright 2013. The Lûcrum Group, Inc.
  20. 20. The Solution Sales Enablement Who owns it? Who owns the message? Product Marketing Copyright 2013. The Lûcrum Group, Inc.
  21. 21. Sales Enablement Defined 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 of investment of the selling system. (Forrester) Copyright 2013. The Lûcrum Group, Inc.
  22. 22. Evidence of Sales Enablement Problem • In 43% of losses the reason was “Lost funding or lost to no decision (Forrester) • 39% of executives say that meetings with salespeople are valuable. (Forrester) Failure to Show Value Copyright 2013. The Lûcrum Group, Inc.
  23. 23. Goals of Sales Enablement • Improve sales team productivity. • Enables sales to have valuable conversations with the right buyers. • Ensure consistency and clarity of messages. • Focus on right opportunities. • Provide better buying experience for prospects. • Improve sales success! Copyright 2013. The Lûcrum Group, Inc.
  24. 24. Starting Point of Sales Enablement • Deep Understanding of Customers • Who they are – Buyer Personas • Why they buy – Problems they want to solve • How they buy – What is their buying process June 21 Webinar http://www.aipmm.com/aipmm_webinars/2013/05/how-to-develop-a-deepunderstanding-of-your-target-markets---the-starting-point-for-great-product-ma.php Copyright 2013. The Lûcrum Group, Inc. 26
  25. 25. Sales Enablement (Base Components) • • • • • Product Backgrounder Needs Discovery Guide™ Executive Level Presentation Message Driven Demo™ Competitive Weapons Copyright 2013. The Lûcrum Group, Inc.
  26. 26. Product Backgrounder • Target Markets / Segments • Market Needs / Challenges • Buyer Profiles - Personas / Needs / Challenges / Goals • Key Messages – Value Proposition – Points of Differentation • Talk Track Copyright 2013. The Lûcrum Group, Inc.
  27. 27. Copyright 2013. The Lûcrum Group, Inc.
  28. 28. Needs Discovery Guide • Aka - Pain Sheets / Solution Development Prompters • One per buyer role per market segment – Challenges / Impact / Capability / Benefits – Match to your sales methodology (if any) • Use buyer’s language/terms Copyright 2013. The Lûcrum Group, Inc.
  29. 29. Copyright 2013. The Lûcrum Group, Inc.
  30. 30. Executive Level Presentation • Market / Buyer needs • High level discussion of how your solution addresses needs. – Remember the key messages • Benefits / Value Proposition • Case Study • 10 to 15 slides Copyright 2013. The Lûcrum Group, Inc.
  31. 31. Message Driven Demo • Communicates key messages. • Show how buyers needs are solved. • Build it as story. Copyright 2013. The Lûcrum Group, Inc.
  32. 32. Competitive Weapons • Competitive Comparison Matrix – Value/benefits oriented • Competitive claims and your response • Questions to raise competitive weaknesses – Fear, Uncertainty, Doubt (FUD) • Don’t misrepresent or make false claims! Copyright 2013. The Lûcrum Group, Inc. 34
  33. 33. Getting Sales Buy-in • Have an executive sponsor (Sales VP/CEO). • Train them and train them some more. • Test them on their knowledge via certification process. • Make the tools real (not ivory tower) • Show how this will make them me their objectives • Cannot be perceived as imposed by product/marketing Copyright 2013. The Lûcrum Group, Inc.
  34. 34. Closing Thoughts • Train the sales team & then test them (certify) • Review on a regular basis. • Make sure marketing and the executive team participate. • Use for sales channel. • Much of info should already exist - MRD, Market Strategy, etc. Enhances your role as market expert! Copyright 2013. The Lûcrum Group, Inc.
  35. 35. Upcoming Training • Optimal Product Management & Product Marketing – Dec 9 – 11 (Austin) • AIPMM Certifications – Nov 5 – 6 (CPM – Austin) – Nov 7 – 8 (CPMM – Austin) More dates/locations - www.280group.com Copyright 2013. The Lûcrum Group, Inc. 38
  36. 36. Free 1 Hour PM/PMM Consult • • • • First ten to submit information on form http://compellingpm.com/freeonehour/ Please include background on topic or issue Must include company info (no Gmail) Copyright 2013. The Lûcrum Group, Inc. 39
  37. 37. Thank You! Tom Evans CompellingPM tevans@compellingpm.com @compellingpm www.compellingpm.com Copyright 2013. The Lûcrum Group, Inc. 40
  38. 38. Q&A Moderator: Hector Del Castillo, CPM, CPMM, PMP Presenter: Tom Evans, CPM, CPMM Compelling PM tevans@compellingpm.com @CompellingPM www.compellingpm.com © AIPMM 2013
  39. 39. Upcoming Courses Course & Location CIL® Certification Prep Course & Exam Athens, Greece Dates Time Dec 2-3, 2013 9 am – 6 pm CPM® Certification Prep Course & Exam Zagreb, Croatia Belgrade, Serbia Singapore Nov 28-29, 2013 Dec 5-6, 2013 Dec 16-18, 2013 9 am – 6 pm CPMM® Certification Prep Course & Exam Singapore Jan 20-22, 2014 9 am – 6 pm 8 am – 5 pm 8 am – 5 pm Follow the links provided to get more information. © AIPMM 2013 www.aipmm.com
  40. 40. Upcoming Courses Course & Location Dates ACPM® Certification Prep Course & Exam Dec 9, 2013 McLean, VA CPM® Certification Prep Course & Exam McLean, VA Days Time M 8:30 am – 5 pm Dec 10-11, 2013 T, W 8:30 am – 5 pm CPMM® Certification Prep Course & Exam Dec 12-13, 2013 Th, F 8:30 am – 5 pm McLean, VA Follow the links provided to get more information. Contact Melissa Holtzer, melissa@280group.com, to register for these courses . Additional certification prep courses are available in Austin, San Jose, Minneapolis, and London. © AIPMM 2013 www.aipmm.com
  41. 41. Please Join Us Again! AIPMM Webinar Series: Fostering Learning and Innovative Cultures Friday, Nov 8th, 12 pm ET Building Great Products the Lean Startup Way Friday, Nov 15th, 12 pm ET http://aipmm.com/aipmm_webinars/ Global Product Management Talk: http://www.blogtalkradio.com/prodmgmttalk Stay Informed! Newsletter: LinkedIn: Membership: Certification: © AIPMM 2013 http://www.aipmm.com/subscribe http://www.linkedin.com/company/aipmm http://www.aipmm.com/join.php http://aipmm.com/html/certification/ www.aipmm.com

×