SlideShare a Scribd company logo
1 © 2016 eFolder, Inc. All Rights Reserved.
• Set expectations for the sales team
• Be involved in community programs
• Use networking to build relationships and find prospects
Build Relationships
MSP Sales Strategies, Part 1:
How to Hire Your First Sales Professional
Kaitlyn Langer
Community Coordinator
klanger@efolder.net
linkedin.com/in/kaitlynlanger
• Partner Introduction
• Why You Should Hire a Full-Time Sales Professional
• How to Hire Your First Sales Professional
• Sales Team Strategy and Best Practices
• Devising and Implementing a Compensation Plan
• Questions and Discussion
3 © 2016 eFolder, Inc. All Rights Reserved.
Agenda
4
Partner Introduction
Brendon Liner
Cloud Integration Specialist,
nology networks
www.linkedin.com/in/brendonliner
© 2016 eFolder, Inc. All Rights Reserved.
Clients in finance, accounting, medical and retail
industries
© 2016 eFolder, Inc. All Rights Reserved.5
Based in Minneapolis, Minnesota
Founded in 2008
Offers strictly cloud based services
Over 225 clients
nology networks
6 © 2016 eFolder, Inc. All Rights Reserved.
Challenges
Not enough time
Poor quality leads
Clients aren’t a good fit
Lack of growth
Why Hire A Full-Time Sales Professional?
7 © 2016 eFolder, Inc. All Rights Reserved.
Challenges Benefits
Not enough time
More time to focus on core
business functionalities
Poor quality leads Qualified prospects
Clients aren’t a good fit Lasting relationships
Lack of growth Growth and scale
Why Hire A Full-Time Sales Professional?
How to Hire Your First Sales Professional
9 © 2015 eFolder, Inc. All Rights Reserved.
Getting Ready to Hire a Sales Professional
Think…
• Is my organization ready for a sales team?
• What are my objectives?
• How would a salesperson fit into my existing organizational
structure and culture?
10 © 2016 eFolder, Inc. All Rights Reserved.
Hiring Criteria
Factors to Consider:
• Sales experience
• Technology background
• Familiarity with monthly recurring revenue model
Sales Team Strategy and Best Practices
12 © 2015 eFolder, Inc. All Rights Reserved.
Sales Strategy
The “Discovery Process”:
• Connect the right people with the right answers
• Identify clients that “fit”
• Ensure all stages are well-documented
13 © 2016 eFolder, Inc. All Rights Reserved.
• Set expectations for the sales team
• Be involved in community programs
• Use networking to build relationships and find prospects
Build Relationships
14 © 2016 eFolder, Inc. All Rights Reserved.
Establish the Sales Cycle
Consider:
• Prospecting, qualifying, number of touch points,
timeframe and close
• Use metrics:
– Number of calls
– Time between first touch and last touch
• Determine the average sales/month
• Example: 60 day sales cycle with 5 – 7 touch points
15 © 2016 eFolder, Inc. All Rights Reserved.
CRMTools
Key Features
• Contact details
• Monitor number of touches
• Manage pipeline
• Examples: Hubspot and Capsule
Devising and Implementing a Compensation
Plan
17 © 2015 eFolder, Inc. All Rights Reserved.
Designing Quotas
• Based on realistic expectations
• Consider sales cycle
• Example –
– Average sales size is $500
– Average sales per month is 5
– Monthly quota is $3000
18 © 2016 eFolder, Inc. All Rights Reserved.
Compensation Plans
Two options…
2. W2 –
• Base salary + comp plan
• Lower commissions
• Residual
1. 1099 –
• 100% comp plan
• Residuals and evergreen
• Can’t hold to a quota
19 © 2015 eFolder, Inc. All Rights Reserved.
Questions for Brendon
• How big of a sales team do you advise for MSPs?
• Do you separate your sales team into product
specialists, or does every salesperson have complete
product knowledge?
• How do you keep a salesperson motivated?
• Do quotas stay constant or do you change them every
month?
Questions and Discussion
Thank you!
Kaitlyn Langer
Community Coordinator
klanger@efolder.net
linkedin.com/in/klanger

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eFolder Partner Chat Webinar — MSP Sales Strategies, Part 1: How to Hire Your First Sales Professional

  • 1. 1 © 2016 eFolder, Inc. All Rights Reserved. • Set expectations for the sales team • Be involved in community programs • Use networking to build relationships and find prospects Build Relationships
  • 2. MSP Sales Strategies, Part 1: How to Hire Your First Sales Professional Kaitlyn Langer Community Coordinator klanger@efolder.net linkedin.com/in/kaitlynlanger
  • 3. • Partner Introduction • Why You Should Hire a Full-Time Sales Professional • How to Hire Your First Sales Professional • Sales Team Strategy and Best Practices • Devising and Implementing a Compensation Plan • Questions and Discussion 3 © 2016 eFolder, Inc. All Rights Reserved. Agenda
  • 4. 4 Partner Introduction Brendon Liner Cloud Integration Specialist, nology networks www.linkedin.com/in/brendonliner © 2016 eFolder, Inc. All Rights Reserved.
  • 5. Clients in finance, accounting, medical and retail industries © 2016 eFolder, Inc. All Rights Reserved.5 Based in Minneapolis, Minnesota Founded in 2008 Offers strictly cloud based services Over 225 clients nology networks
  • 6. 6 © 2016 eFolder, Inc. All Rights Reserved. Challenges Not enough time Poor quality leads Clients aren’t a good fit Lack of growth Why Hire A Full-Time Sales Professional?
  • 7. 7 © 2016 eFolder, Inc. All Rights Reserved. Challenges Benefits Not enough time More time to focus on core business functionalities Poor quality leads Qualified prospects Clients aren’t a good fit Lasting relationships Lack of growth Growth and scale Why Hire A Full-Time Sales Professional?
  • 8. How to Hire Your First Sales Professional
  • 9. 9 © 2015 eFolder, Inc. All Rights Reserved. Getting Ready to Hire a Sales Professional Think… • Is my organization ready for a sales team? • What are my objectives? • How would a salesperson fit into my existing organizational structure and culture?
  • 10. 10 © 2016 eFolder, Inc. All Rights Reserved. Hiring Criteria Factors to Consider: • Sales experience • Technology background • Familiarity with monthly recurring revenue model
  • 11. Sales Team Strategy and Best Practices
  • 12. 12 © 2015 eFolder, Inc. All Rights Reserved. Sales Strategy The “Discovery Process”: • Connect the right people with the right answers • Identify clients that “fit” • Ensure all stages are well-documented
  • 13. 13 © 2016 eFolder, Inc. All Rights Reserved. • Set expectations for the sales team • Be involved in community programs • Use networking to build relationships and find prospects Build Relationships
  • 14. 14 © 2016 eFolder, Inc. All Rights Reserved. Establish the Sales Cycle Consider: • Prospecting, qualifying, number of touch points, timeframe and close • Use metrics: – Number of calls – Time between first touch and last touch • Determine the average sales/month • Example: 60 day sales cycle with 5 – 7 touch points
  • 15. 15 © 2016 eFolder, Inc. All Rights Reserved. CRMTools Key Features • Contact details • Monitor number of touches • Manage pipeline • Examples: Hubspot and Capsule
  • 16. Devising and Implementing a Compensation Plan
  • 17. 17 © 2015 eFolder, Inc. All Rights Reserved. Designing Quotas • Based on realistic expectations • Consider sales cycle • Example – – Average sales size is $500 – Average sales per month is 5 – Monthly quota is $3000
  • 18. 18 © 2016 eFolder, Inc. All Rights Reserved. Compensation Plans Two options… 2. W2 – • Base salary + comp plan • Lower commissions • Residual 1. 1099 – • 100% comp plan • Residuals and evergreen • Can’t hold to a quota
  • 19. 19 © 2015 eFolder, Inc. All Rights Reserved. Questions for Brendon • How big of a sales team do you advise for MSPs? • Do you separate your sales team into product specialists, or does every salesperson have complete product knowledge? • How do you keep a salesperson motivated? • Do quotas stay constant or do you change them every month?
  • 21. Thank you! Kaitlyn Langer Community Coordinator klanger@efolder.net linkedin.com/in/klanger