SlideShare a Scribd company logo
1 of 6
Download to read offline
Customer Success Story

Increase Sales Conversion Rates
Through Better Probing and
Rebuttals
HYPERQUALITY

1

Customer Success Story

INCREASE SALES CONVERSION RATES
THROUGH BETTER PROBING AND REBUTTALS
Business Challenge
With over 3 million customers, Benchmark Brands is an integrated direct-to-consumer retailer and is dedicated to serving
the lifestyle and healthcare needs of it’s customers. Interested in realizing a higher sales potential, Benchmark Brands asked
HyperQuality to assess their contact center operations to identify the following:
•	

Performance of the sales force

•	

Actionable recommendations to improve the sales conversion rate and overall revenue

Project Objective
The sales effectiveness project was aimed at conducting a proof of concept to assess end-to-end contact center operations
and identify opportunity areas for the following goals:
•	

Enhance top line revenue through increased sales effectiveness

•	

Identify other opportunities to improve overall customer experience

Our Approach
The project was guided by the following set of broadly stated research objectives:
•	

Gain complete understanding of current sales conversion rate / performance

•	

Identify factors driving sales performance through detailed call listening exercise and data analytics

•	

Segregate all factors into two categories - agent related and process related

•	

Prioritize top drivers related to agent and process behavior

•	

List the actionable recommendations based on opportunities identified to improve conversion rate

Sales Effectiveness Study	

© 2014, HyperQuality, Inc.
2

HYPERQUALITY

Customer Success Story

Our Solution
As a part of the sales study, HyperQuality focused on all interactions where customers wanted to either place an order or
had an inquiry with potential sales intent.

Many factors were identified which affected the conversion rate. These factors were further tagged and divided into the
following three categories:
A: Only agent related call reasons
B: Both agent and process related reasons
C: Only process related reasons

© 2014, HyperQuality, Inc.	

Sales Effectiveness Study
HYPERQUALITY

3

Customer Success Story

There was a higher level of control over categories “A” and “B” and could be driven at a contact center level.

It was observed that a ‘lack of agent effort’ had been found as the most significant reason for non conversion in the project
call set. The further drill down study (with the help of data through the call listening exercise) helped HyperQuality to deduce that agent effort was driven by five key agent behavior attributes – ‘Probing’, ‘Rebuttals’, ‘Pace of Call’, ‘Agent Tone’
and ‘Professionalism and Courtesy’.
‘Probing’ and ‘Rebuttals being offered’ were found as the most impactful attributes that would improve the conversion
rate. It was also noted that the conversion rate for new customers was much lower than that of existing customers. New
customers didn’t buy because of ‘Shipping Charges’ or ‘Product Unavailability’. It was identified that agents did not probe
or offer any rebuttals on the new customer calls.

Rebuttal Study
By studying a statistically calculated sample of sales calls, HyperQuality helped the client to identify opportunities pertaining to procedural inefficiencies and agent behavior. Through this exercise, it was found that on a significant volume of calls:
•	

Agents were not offering any rebuttals leading to a potentially significant financial loss

•	

There was opportunity for agents to ask follow up questions on a customer’s first objection and to offer multiple
rebuttals to further improve the conversion rate

•	

A lack of awareness was observed on the product benefits as agents were unable to effectively explain the features
and benefits

Sales Effectiveness Study	

© 2014, HyperQuality, Inc.
4

HYPERQUALITY

Customer Success Story

HyperQuality recommended Benchmark Brands should enhance awareness and knowledge about products through coaching
to empower agents to consider all enquiry calls as potential sales opportunities. To position the rebuttals better, HyperQuality recommended agents should be coached to probe more and gain a thorough understanding of customer concerns. Rebuttals must be offered on all possible opportunities and could be driven through best practice sharing from agents who have
achieved high performance. This could further enable agents to effectively ask follow up questions on customer objections
after the first rebuttal and be primarily focused on external customers.

Results Achieved
In just 4 weeks the recommendations were prepared on the identified gaps. The consolidated list of recommendations was
fed to cost benefit analysis to generate opportunities for Benchmark Brands to improve overall sales conversion. These highbar opportunities cumulatively translated into a potential annual revenue improvement of $1 MM and an overall increase
of 4.25% in the sales conversion rate.

© 2014, HyperQuality, Inc.	

Sales Effectiveness Study
For more information, contact:

HyperQuality, Inc.
One Convention Place, 701 Pike Street, Suite 1560, Seattle WA 98101
877.283.7110 | sales@HyperQuality.com | www.HyperQuality.com

Copyright © 2014 HyperQuality, Inc. All rights reserved.
Other trademarks are registered trademarks and the properties of their respective owners.
Product specifications and features are subject to change without notice.
010410

More Related Content

What's hot

Customers 101 : Understanding Customer Segmentation and Portraits
Customers 101 : Understanding Customer Segmentation and Portraits Customers 101 : Understanding Customer Segmentation and Portraits
Customers 101 : Understanding Customer Segmentation and Portraits Danny Boice
 
Day 1 driving business impact multichannel excerpt
Day 1 driving business impact multichannel excerptDay 1 driving business impact multichannel excerpt
Day 1 driving business impact multichannel excerptAnn McCartan
 
Measuring and Managing Customer Satisfaction Programs
Measuring and Managing Customer Satisfaction ProgramsMeasuring and Managing Customer Satisfaction Programs
Measuring and Managing Customer Satisfaction ProgramsMARY MALASZEK
 
Module 4 identifying consumer needs ppt slideshare
Module 4 identifying consumer needs ppt slideshareModule 4 identifying consumer needs ppt slideshare
Module 4 identifying consumer needs ppt slidesharemfopps
 
CFO Article on Sales Force Effectiveness
CFO Article on Sales Force EffectivenessCFO Article on Sales Force Effectiveness
CFO Article on Sales Force EffectivenessGeorge Montague
 
Roberta O'Keith
Roberta O'Keith Roberta O'Keith
Roberta O'Keith BMAChicago
 
Customer Benchmarking: The Next Foundational Activity of Customer Success Or...
Customer Benchmarking:  The Next Foundational Activity of Customer Success Or...Customer Benchmarking:  The Next Foundational Activity of Customer Success Or...
Customer Benchmarking: The Next Foundational Activity of Customer Success Or...Totango
 
Case Study: Customer Retention Strategy Lowers Telecom Customer Churn
Case Study: Customer Retention Strategy Lowers Telecom Customer ChurnCase Study: Customer Retention Strategy Lowers Telecom Customer Churn
Case Study: Customer Retention Strategy Lowers Telecom Customer ChurnPeppers & Rogers Group
 
How To Make A Demand Management Framework
How To Make A Demand Management FrameworkHow To Make A Demand Management Framework
How To Make A Demand Management FrameworkMalcolm Ryder
 
Customer experience management
Customer experience managementCustomer experience management
Customer experience managementalok kumar
 
A Value-Based connection: Aligning Commercial Strategy with Sales Execution
A Value-Based connection: Aligning Commercial Strategy with Sales ExecutionA Value-Based connection: Aligning Commercial Strategy with Sales Execution
A Value-Based connection: Aligning Commercial Strategy with Sales ExecutionAlex Rumble
 
Digital segmentation - An Introduction to Customer Segmentation
Digital segmentation - An Introduction to Customer SegmentationDigital segmentation - An Introduction to Customer Segmentation
Digital segmentation - An Introduction to Customer SegmentationJames Wedge
 
Sales & Marketing introduction - Session 2
Sales & Marketing introduction - Session 2Sales & Marketing introduction - Session 2
Sales & Marketing introduction - Session 2Ahmed Roshdy
 
Sales & Marketing introduction - Session 5
Sales & Marketing introduction - Session 5Sales & Marketing introduction - Session 5
Sales & Marketing introduction - Session 5Ahmed Roshdy
 
Financial and economic impact of service
Financial and economic impact of serviceFinancial and economic impact of service
Financial and economic impact of serviceNITISH SADOTRA
 
Introduction of-marketing-management-and-rest-for-exam
Introduction of-marketing-management-and-rest-for-examIntroduction of-marketing-management-and-rest-for-exam
Introduction of-marketing-management-and-rest-for-examPooja Sakhla
 

What's hot (19)

Validation of Customer Survey
Validation of Customer SurveyValidation of Customer Survey
Validation of Customer Survey
 
Customers 101 : Understanding Customer Segmentation and Portraits
Customers 101 : Understanding Customer Segmentation and Portraits Customers 101 : Understanding Customer Segmentation and Portraits
Customers 101 : Understanding Customer Segmentation and Portraits
 
Day 1 driving business impact multichannel excerpt
Day 1 driving business impact multichannel excerptDay 1 driving business impact multichannel excerpt
Day 1 driving business impact multichannel excerpt
 
Measuring and Managing Customer Satisfaction Programs
Measuring and Managing Customer Satisfaction ProgramsMeasuring and Managing Customer Satisfaction Programs
Measuring and Managing Customer Satisfaction Programs
 
Module 4 identifying consumer needs ppt slideshare
Module 4 identifying consumer needs ppt slideshareModule 4 identifying consumer needs ppt slideshare
Module 4 identifying consumer needs ppt slideshare
 
CFO Article on Sales Force Effectiveness
CFO Article on Sales Force EffectivenessCFO Article on Sales Force Effectiveness
CFO Article on Sales Force Effectiveness
 
Resume -Mahalakshmi Raju
Resume -Mahalakshmi RajuResume -Mahalakshmi Raju
Resume -Mahalakshmi Raju
 
Roberta O'Keith
Roberta O'Keith Roberta O'Keith
Roberta O'Keith
 
Customer Benchmarking: The Next Foundational Activity of Customer Success Or...
Customer Benchmarking:  The Next Foundational Activity of Customer Success Or...Customer Benchmarking:  The Next Foundational Activity of Customer Success Or...
Customer Benchmarking: The Next Foundational Activity of Customer Success Or...
 
Case Study: Customer Retention Strategy Lowers Telecom Customer Churn
Case Study: Customer Retention Strategy Lowers Telecom Customer ChurnCase Study: Customer Retention Strategy Lowers Telecom Customer Churn
Case Study: Customer Retention Strategy Lowers Telecom Customer Churn
 
How To Make A Demand Management Framework
How To Make A Demand Management FrameworkHow To Make A Demand Management Framework
How To Make A Demand Management Framework
 
Customer experience management
Customer experience managementCustomer experience management
Customer experience management
 
Services Marketing
Services MarketingServices Marketing
Services Marketing
 
A Value-Based connection: Aligning Commercial Strategy with Sales Execution
A Value-Based connection: Aligning Commercial Strategy with Sales ExecutionA Value-Based connection: Aligning Commercial Strategy with Sales Execution
A Value-Based connection: Aligning Commercial Strategy with Sales Execution
 
Digital segmentation - An Introduction to Customer Segmentation
Digital segmentation - An Introduction to Customer SegmentationDigital segmentation - An Introduction to Customer Segmentation
Digital segmentation - An Introduction to Customer Segmentation
 
Sales & Marketing introduction - Session 2
Sales & Marketing introduction - Session 2Sales & Marketing introduction - Session 2
Sales & Marketing introduction - Session 2
 
Sales & Marketing introduction - Session 5
Sales & Marketing introduction - Session 5Sales & Marketing introduction - Session 5
Sales & Marketing introduction - Session 5
 
Financial and economic impact of service
Financial and economic impact of serviceFinancial and economic impact of service
Financial and economic impact of service
 
Introduction of-marketing-management-and-rest-for-exam
Introduction of-marketing-management-and-rest-for-examIntroduction of-marketing-management-and-rest-for-exam
Introduction of-marketing-management-and-rest-for-exam
 

Viewers also liked

Rebuttals [A Report in Argumentation]
Rebuttals [A Report in Argumentation]Rebuttals [A Report in Argumentation]
Rebuttals [A Report in Argumentation]Jhoanna Lyn
 
Lead Scoring: The Science of Sales Conversion
Lead Scoring: The Science of Sales ConversionLead Scoring: The Science of Sales Conversion
Lead Scoring: The Science of Sales ConversionAct-On Software
 
Sales Success webinar slides - 29 April 2009
Sales Success webinar slides - 29 April 2009Sales Success webinar slides - 29 April 2009
Sales Success webinar slides - 29 April 2009guest2a018d7
 
'Conversion is King' Exclusive eCommerce Event Decks
'Conversion is King' Exclusive eCommerce Event Decks'Conversion is King' Exclusive eCommerce Event Decks
'Conversion is King' Exclusive eCommerce Event DecksNosto
 
6 Steps to boost your prospect funnel and sales conversion rate with truly in...
6 Steps to boost your prospect funnel and sales conversion rate with truly in...6 Steps to boost your prospect funnel and sales conversion rate with truly in...
6 Steps to boost your prospect funnel and sales conversion rate with truly in...Helen McInnes
 
CCS Tips to Convert Quotes Into Sales 2
CCS Tips to Convert Quotes Into Sales 2CCS Tips to Convert Quotes Into Sales 2
CCS Tips to Convert Quotes Into Sales 2Jaffaman Eddie Bryant
 
Text Messaging for Better Sales Conversion
Text Messaging for Better Sales ConversionText Messaging for Better Sales Conversion
Text Messaging for Better Sales ConversionVelocify
 
Motivational personal slides for Sales training
Motivational personal slides for Sales trainingMotivational personal slides for Sales training
Motivational personal slides for Sales trainingtresjoli123
 

Viewers also liked (11)

Rebuttals [A Report in Argumentation]
Rebuttals [A Report in Argumentation]Rebuttals [A Report in Argumentation]
Rebuttals [A Report in Argumentation]
 
Lead Scoring: The Science of Sales Conversion
Lead Scoring: The Science of Sales ConversionLead Scoring: The Science of Sales Conversion
Lead Scoring: The Science of Sales Conversion
 
Leads & conversion
Leads & conversionLeads & conversion
Leads & conversion
 
Sales Success webinar slides - 29 April 2009
Sales Success webinar slides - 29 April 2009Sales Success webinar slides - 29 April 2009
Sales Success webinar slides - 29 April 2009
 
'Conversion is King' Exclusive eCommerce Event Decks
'Conversion is King' Exclusive eCommerce Event Decks'Conversion is King' Exclusive eCommerce Event Decks
'Conversion is King' Exclusive eCommerce Event Decks
 
6 Steps to boost your prospect funnel and sales conversion rate with truly in...
6 Steps to boost your prospect funnel and sales conversion rate with truly in...6 Steps to boost your prospect funnel and sales conversion rate with truly in...
6 Steps to boost your prospect funnel and sales conversion rate with truly in...
 
AAUP Growing Sales Slides
AAUP Growing Sales SlidesAAUP Growing Sales Slides
AAUP Growing Sales Slides
 
CCS Tips to Convert Quotes Into Sales 2
CCS Tips to Convert Quotes Into Sales 2CCS Tips to Convert Quotes Into Sales 2
CCS Tips to Convert Quotes Into Sales 2
 
Keynote how to improve your sales conversion rate
Keynote how to improve your sales conversion rate Keynote how to improve your sales conversion rate
Keynote how to improve your sales conversion rate
 
Text Messaging for Better Sales Conversion
Text Messaging for Better Sales ConversionText Messaging for Better Sales Conversion
Text Messaging for Better Sales Conversion
 
Motivational personal slides for Sales training
Motivational personal slides for Sales trainingMotivational personal slides for Sales training
Motivational personal slides for Sales training
 

Similar to Increase Sales Conversion Rates Through Better Probing and Rebuttals

160831 webinar on customer satisfaction (public)
160831 webinar on customer satisfaction (public)160831 webinar on customer satisfaction (public)
160831 webinar on customer satisfaction (public)Malia Bachesta
 
Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)
Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)
Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)AnnettaColeman
 
Knowledge Acquisition Group BioPharm Capabilities (Q3.2015)
Knowledge Acquisition Group BioPharm Capabilities (Q3.2015)Knowledge Acquisition Group BioPharm Capabilities (Q3.2015)
Knowledge Acquisition Group BioPharm Capabilities (Q3.2015)Annetta Coleman
 
How do you measure up? A crowd-sourced, cross-pollinated discussion on evalua...
How do you measure up? A crowd-sourced, cross-pollinated discussion on evalua...How do you measure up? A crowd-sourced, cross-pollinated discussion on evalua...
How do you measure up? A crowd-sourced, cross-pollinated discussion on evalua...ProductCamp Boston
 
Webinar The Pipeline Revealed: Tips for Accelerating Your Pipeline
Webinar The Pipeline Revealed: Tips for Accelerating Your PipelineWebinar The Pipeline Revealed: Tips for Accelerating Your Pipeline
Webinar The Pipeline Revealed: Tips for Accelerating Your PipelineDoble Group, LLC
 
Quality Management
Quality ManagementQuality Management
Quality ManagementAya Badr
 
Building Customer Satisfaction.pptx
Building Customer Satisfaction.pptxBuilding Customer Satisfaction.pptx
Building Customer Satisfaction.pptxSalahKamalEldin
 
Maximizing the Value of Customer Feedback Surveys Design and Benefits.pdf
Maximizing the Value of Customer Feedback Surveys Design and Benefits.pdfMaximizing the Value of Customer Feedback Surveys Design and Benefits.pdf
Maximizing the Value of Customer Feedback Surveys Design and Benefits.pdfCViewSurvey
 
Creating a Global Customer Advocacy Program
Creating a Global Customer Advocacy ProgramCreating a Global Customer Advocacy Program
Creating a Global Customer Advocacy ProgramGainsight
 
Optimizing Your B2B Demand Generation Machine
Optimizing Your B2B Demand Generation MachineOptimizing Your B2B Demand Generation Machine
Optimizing Your B2B Demand Generation MachineOptimizely
 
Ch 13 designing and managing services gonzaga
Ch 13 designing and managing services gonzagaCh 13 designing and managing services gonzaga
Ch 13 designing and managing services gonzagaCarlos Gonzaga
 
Best Practices For Enhancing Vendor/Reseller Relationships
Best Practices For Enhancing Vendor/Reseller RelationshipsBest Practices For Enhancing Vendor/Reseller Relationships
Best Practices For Enhancing Vendor/Reseller RelationshipsChannelinsight
 
Product Camp Talk 2014
Product Camp Talk 2014Product Camp Talk 2014
Product Camp Talk 2014Mark Shapiro
 
Fortune 500 - Global Sales Challenges Survey
Fortune 500 - Global Sales Challenges SurveyFortune 500 - Global Sales Challenges Survey
Fortune 500 - Global Sales Challenges SurveyAndyMoorhouse
 
Describe the quality improvement initiative and why it is important doc 16.docx
Describe the quality improvement initiative and why it is important doc 16.docxDescribe the quality improvement initiative and why it is important doc 16.docx
Describe the quality improvement initiative and why it is important doc 16.docxintel-writers.com
 
Operations & Marketing: A Partnership
Operations & Marketing: A PartnershipOperations & Marketing: A Partnership
Operations & Marketing: A PartnershipBuck Banks
 

Similar to Increase Sales Conversion Rates Through Better Probing and Rebuttals (20)

160831 webinar on customer satisfaction (public)
160831 webinar on customer satisfaction (public)160831 webinar on customer satisfaction (public)
160831 webinar on customer satisfaction (public)
 
Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)
Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)
Knowledge Acquisition Group Biopharm Capabilities (Q3.2015)
 
Knowledge Acquisition Group BioPharm Capabilities (Q3.2015)
Knowledge Acquisition Group BioPharm Capabilities (Q3.2015)Knowledge Acquisition Group BioPharm Capabilities (Q3.2015)
Knowledge Acquisition Group BioPharm Capabilities (Q3.2015)
 
How do you measure up? A crowd-sourced, cross-pollinated discussion on evalua...
How do you measure up? A crowd-sourced, cross-pollinated discussion on evalua...How do you measure up? A crowd-sourced, cross-pollinated discussion on evalua...
How do you measure up? A crowd-sourced, cross-pollinated discussion on evalua...
 
Webinar The Pipeline Revealed: Tips for Accelerating Your Pipeline
Webinar The Pipeline Revealed: Tips for Accelerating Your PipelineWebinar The Pipeline Revealed: Tips for Accelerating Your Pipeline
Webinar The Pipeline Revealed: Tips for Accelerating Your Pipeline
 
Quality Management
Quality ManagementQuality Management
Quality Management
 
Building Customer Satisfaction.pptx
Building Customer Satisfaction.pptxBuilding Customer Satisfaction.pptx
Building Customer Satisfaction.pptx
 
Maximizing the Value of Customer Feedback Surveys Design and Benefits.pdf
Maximizing the Value of Customer Feedback Surveys Design and Benefits.pdfMaximizing the Value of Customer Feedback Surveys Design and Benefits.pdf
Maximizing the Value of Customer Feedback Surveys Design and Benefits.pdf
 
Creating a Global Customer Advocacy Program
Creating a Global Customer Advocacy ProgramCreating a Global Customer Advocacy Program
Creating a Global Customer Advocacy Program
 
Loyalty industry
Loyalty industryLoyalty industry
Loyalty industry
 
Optimizing Your B2B Demand Generation Machine
Optimizing Your B2B Demand Generation MachineOptimizing Your B2B Demand Generation Machine
Optimizing Your B2B Demand Generation Machine
 
Call Quality Practices 2009
Call Quality Practices 2009Call Quality Practices 2009
Call Quality Practices 2009
 
BPA CCQS 2014
BPA CCQS 2014BPA CCQS 2014
BPA CCQS 2014
 
Part-3.pdf
Part-3.pdfPart-3.pdf
Part-3.pdf
 
Ch 13 designing and managing services gonzaga
Ch 13 designing and managing services gonzagaCh 13 designing and managing services gonzaga
Ch 13 designing and managing services gonzaga
 
Best Practices For Enhancing Vendor/Reseller Relationships
Best Practices For Enhancing Vendor/Reseller RelationshipsBest Practices For Enhancing Vendor/Reseller Relationships
Best Practices For Enhancing Vendor/Reseller Relationships
 
Product Camp Talk 2014
Product Camp Talk 2014Product Camp Talk 2014
Product Camp Talk 2014
 
Fortune 500 - Global Sales Challenges Survey
Fortune 500 - Global Sales Challenges SurveyFortune 500 - Global Sales Challenges Survey
Fortune 500 - Global Sales Challenges Survey
 
Describe the quality improvement initiative and why it is important doc 16.docx
Describe the quality improvement initiative and why it is important doc 16.docxDescribe the quality improvement initiative and why it is important doc 16.docx
Describe the quality improvement initiative and why it is important doc 16.docx
 
Operations & Marketing: A Partnership
Operations & Marketing: A PartnershipOperations & Marketing: A Partnership
Operations & Marketing: A Partnership
 

Recently uploaded

Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessSeta Wicaksana
 
Marketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet CreationsMarketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet Creationsnakalysalcedo61
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMintel Group
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesKeppelCorporation
 
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / NcrCall Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncrdollysharma2066
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...ictsugar
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024christinemoorman
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCRashishs7044
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCRashishs7044
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607dollysharma2066
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdfKhaled Al Awadi
 
India Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportIndia Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportMintel Group
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailAriel592675
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy Verified Accounts
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Kirill Klimov
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfpollardmorgan
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?Olivia Kresic
 

Recently uploaded (20)

Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
 
Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)
 
Marketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet CreationsMarketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet Creations
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
 
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / NcrCall Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
Call Girls in DELHI Cantt, ( Call Me )-8377877756-Female Escort- In Delhi / Ncr
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
 
India Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportIndia Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample Report
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detail
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail Accounts
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?
 

Increase Sales Conversion Rates Through Better Probing and Rebuttals

  • 1. Customer Success Story Increase Sales Conversion Rates Through Better Probing and Rebuttals
  • 2. HYPERQUALITY 1 Customer Success Story INCREASE SALES CONVERSION RATES THROUGH BETTER PROBING AND REBUTTALS Business Challenge With over 3 million customers, Benchmark Brands is an integrated direct-to-consumer retailer and is dedicated to serving the lifestyle and healthcare needs of it’s customers. Interested in realizing a higher sales potential, Benchmark Brands asked HyperQuality to assess their contact center operations to identify the following: • Performance of the sales force • Actionable recommendations to improve the sales conversion rate and overall revenue Project Objective The sales effectiveness project was aimed at conducting a proof of concept to assess end-to-end contact center operations and identify opportunity areas for the following goals: • Enhance top line revenue through increased sales effectiveness • Identify other opportunities to improve overall customer experience Our Approach The project was guided by the following set of broadly stated research objectives: • Gain complete understanding of current sales conversion rate / performance • Identify factors driving sales performance through detailed call listening exercise and data analytics • Segregate all factors into two categories - agent related and process related • Prioritize top drivers related to agent and process behavior • List the actionable recommendations based on opportunities identified to improve conversion rate Sales Effectiveness Study © 2014, HyperQuality, Inc.
  • 3. 2 HYPERQUALITY Customer Success Story Our Solution As a part of the sales study, HyperQuality focused on all interactions where customers wanted to either place an order or had an inquiry with potential sales intent. Many factors were identified which affected the conversion rate. These factors were further tagged and divided into the following three categories: A: Only agent related call reasons B: Both agent and process related reasons C: Only process related reasons © 2014, HyperQuality, Inc. Sales Effectiveness Study
  • 4. HYPERQUALITY 3 Customer Success Story There was a higher level of control over categories “A” and “B” and could be driven at a contact center level. It was observed that a ‘lack of agent effort’ had been found as the most significant reason for non conversion in the project call set. The further drill down study (with the help of data through the call listening exercise) helped HyperQuality to deduce that agent effort was driven by five key agent behavior attributes – ‘Probing’, ‘Rebuttals’, ‘Pace of Call’, ‘Agent Tone’ and ‘Professionalism and Courtesy’. ‘Probing’ and ‘Rebuttals being offered’ were found as the most impactful attributes that would improve the conversion rate. It was also noted that the conversion rate for new customers was much lower than that of existing customers. New customers didn’t buy because of ‘Shipping Charges’ or ‘Product Unavailability’. It was identified that agents did not probe or offer any rebuttals on the new customer calls. Rebuttal Study By studying a statistically calculated sample of sales calls, HyperQuality helped the client to identify opportunities pertaining to procedural inefficiencies and agent behavior. Through this exercise, it was found that on a significant volume of calls: • Agents were not offering any rebuttals leading to a potentially significant financial loss • There was opportunity for agents to ask follow up questions on a customer’s first objection and to offer multiple rebuttals to further improve the conversion rate • A lack of awareness was observed on the product benefits as agents were unable to effectively explain the features and benefits Sales Effectiveness Study © 2014, HyperQuality, Inc.
  • 5. 4 HYPERQUALITY Customer Success Story HyperQuality recommended Benchmark Brands should enhance awareness and knowledge about products through coaching to empower agents to consider all enquiry calls as potential sales opportunities. To position the rebuttals better, HyperQuality recommended agents should be coached to probe more and gain a thorough understanding of customer concerns. Rebuttals must be offered on all possible opportunities and could be driven through best practice sharing from agents who have achieved high performance. This could further enable agents to effectively ask follow up questions on customer objections after the first rebuttal and be primarily focused on external customers. Results Achieved In just 4 weeks the recommendations were prepared on the identified gaps. The consolidated list of recommendations was fed to cost benefit analysis to generate opportunities for Benchmark Brands to improve overall sales conversion. These highbar opportunities cumulatively translated into a potential annual revenue improvement of $1 MM and an overall increase of 4.25% in the sales conversion rate. © 2014, HyperQuality, Inc. Sales Effectiveness Study
  • 6. For more information, contact: HyperQuality, Inc. One Convention Place, 701 Pike Street, Suite 1560, Seattle WA 98101 877.283.7110 | sales@HyperQuality.com | www.HyperQuality.com Copyright © 2014 HyperQuality, Inc. All rights reserved. Other trademarks are registered trademarks and the properties of their respective owners. Product specifications and features are subject to change without notice. 010410