SlideShare a Scribd company logo
Five Proven Sales
Management Secrets for
Revenue Growth
The speakers




Kevin Baldacci         Matt Heinz       Craig Rosenberg
  Social Strategist      President         Funnelholic
    InsideView        Heinz Marketing      @funnelholic
 @KevinBaldacci7      @heinzmarketing
Five sales management secrets to drive growth

1.   Focus
2.   Culture
3.   Coaching and training
4.   Metrics and Reporting
5.   Technology




#SellingPower
1. Focus




#SellingPower
“The enemy of every sales
                  person is time”
                  -Some awesome person

                  “Sales reps spend 65% of their
                T time not selling”
                   -Gerhard Gschwandtner, Sales 2.0 conference


#SellingPower
Four ways you know your team lacks focus
1. Miles of “victory laps”
2. Always clicking never calling
3. You don’t know whether they do or not
   (that means they do btw)
4. You haven’t helped them




#SellingPower
Four inefficiencies that can be painlessly fixed
1. Research – “7 hours per week is the average time a salesperson
   spends looking for relevant information to prepare sales calls. “
2. Understanding the perfect customer (2 parts)
   –    Improves lead generation (time spent on the wrong target)
   –    Improves lead qualification (too much time on the wrong deals)
3. “Know when to Fold-Em” – know when to give up on a
   prospect or customers slide on the next page
4. Paperwork and other logistical issues


#SellingPower
Optimize follow-up processes
After 6-8 contacts, the laws of diminishing returns
    set in. On the other hand, make sure you make 6
    – 8 attempts




#SellingPower
2 and 3. Culture, coaching, and training




#SellingPower
6 ideas for building a great sales culture
1. Get executives involved
   –    Exec sponsorship promotions
   –    Call observations & follow-up reports
2. Gamification
3. Celebrate the big and little things
4. Get their families involved
   –    Awards dinners
5. Mentors
6. Open communication
#SellingPower
Coaching is culture

“89% of sales reps want MORE sales coaching from
   their managers”
Chuck Penfield, Oracle




#SellingPower
15 Matt Heinz sales coaching tips
1.    Focus on the numbers
2.    Focus on what they can control
3.    Compare current and previous habits and performance measures
4.    Peer shadowing
5.    Deal walkthroughs
6.    Evaluate effort, attitude, and drive
7.    Use positive reinforcement and constructive feedback
8.    Make a comp plan that requires consistent performance
9.    Be aware of personal issues
10.   Create friendly but spirited competition between reps
11.   Create a longer version of s contest contingent on hitting quota
12.   Go back to basics
13.   Watch the video tape (be like Pujols)
14.   Be willing to use a performance plan
15.   Make sure YOU didn’t add to much process
 #SellingPower
Four keys to training inspired by Dave Stein
1. Self-directed training scales
2. One-size does NOT fit all – personalize
   training based on roles, location, type of
   sale
3. Tools and Technology training – just
   buying it for them, won’t help them use
   it
4. Have a year-round training plan not just
   on product but on sales skills
                    https://twitter.com/davestei
#SellingPower
4. Metrics and reporting




#SellingPower
The Metrics and reporting slippery slope

Just because you can track it:
• doesn’t mean you should
• doesn’t mean it’s important
• doesn’t mean it should be on your exec dashboard


 Choose the right metrics to drive your business to higher
            sales, greater pipeline yield and profitability
#SellingPower
Five metrics you should not track
1.   Dials
2.   Demos or appointments scheduled
3.   Talk time
4.   Salesforce.com logins
5.   Logged activities



#SellingPower
Ten metrics every revenue organization must track
1.  Marketing Cost per Sales
2.  Customer Lifetime Value
3.  Nurture Database Success
4.  Addressable Market Size
5.  Sales Cycle Length
6.  Lead- Opportunity – Sales Conversion
    Rates
7. Deal Size
8. Qualified Leads
9. Referrals
10. Customers
#SellingPower
5. Technology



                f




#SellingPower
Sales Technology is HOT

“There are estimated over 2000 sales tools on the market”
Nancy Nardin, Sales 2.0




#SellingPower
5 best practices for sales tool adoption
1.   Pain-killers not vitamins
2.   Implement 1-2/quarter
3.   Start with small group first
4.   Sit down with reps and walk them through process
5.   Roll out globally with success story




#SellingPower
Thank You! Follow Us Today!

Twitter         @insideview
Facebook        facebook.com/sales.intelligence
Website         insideview.com
Matt Heinz      @heinzmarketing
Craig Rosenberg @funnelholic
Kevin Baldacci  @kevinbaldacci7

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Five Proven Sales Management Secrets for Revenue Growth

  • 1. Five Proven Sales Management Secrets for Revenue Growth
  • 2. The speakers Kevin Baldacci Matt Heinz Craig Rosenberg Social Strategist President Funnelholic InsideView Heinz Marketing @funnelholic @KevinBaldacci7 @heinzmarketing
  • 3.
  • 4. Five sales management secrets to drive growth 1. Focus 2. Culture 3. Coaching and training 4. Metrics and Reporting 5. Technology #SellingPower
  • 6. “The enemy of every sales person is time” -Some awesome person “Sales reps spend 65% of their T time not selling” -Gerhard Gschwandtner, Sales 2.0 conference #SellingPower
  • 7. Four ways you know your team lacks focus 1. Miles of “victory laps” 2. Always clicking never calling 3. You don’t know whether they do or not (that means they do btw) 4. You haven’t helped them #SellingPower
  • 8. Four inefficiencies that can be painlessly fixed 1. Research – “7 hours per week is the average time a salesperson spends looking for relevant information to prepare sales calls. “ 2. Understanding the perfect customer (2 parts) – Improves lead generation (time spent on the wrong target) – Improves lead qualification (too much time on the wrong deals) 3. “Know when to Fold-Em” – know when to give up on a prospect or customers slide on the next page 4. Paperwork and other logistical issues #SellingPower
  • 9. Optimize follow-up processes After 6-8 contacts, the laws of diminishing returns set in. On the other hand, make sure you make 6 – 8 attempts #SellingPower
  • 10. 2 and 3. Culture, coaching, and training #SellingPower
  • 11. 6 ideas for building a great sales culture 1. Get executives involved – Exec sponsorship promotions – Call observations & follow-up reports 2. Gamification 3. Celebrate the big and little things 4. Get their families involved – Awards dinners 5. Mentors 6. Open communication #SellingPower
  • 12. Coaching is culture “89% of sales reps want MORE sales coaching from their managers” Chuck Penfield, Oracle #SellingPower
  • 13. 15 Matt Heinz sales coaching tips 1. Focus on the numbers 2. Focus on what they can control 3. Compare current and previous habits and performance measures 4. Peer shadowing 5. Deal walkthroughs 6. Evaluate effort, attitude, and drive 7. Use positive reinforcement and constructive feedback 8. Make a comp plan that requires consistent performance 9. Be aware of personal issues 10. Create friendly but spirited competition between reps 11. Create a longer version of s contest contingent on hitting quota 12. Go back to basics 13. Watch the video tape (be like Pujols) 14. Be willing to use a performance plan 15. Make sure YOU didn’t add to much process #SellingPower
  • 14. Four keys to training inspired by Dave Stein 1. Self-directed training scales 2. One-size does NOT fit all – personalize training based on roles, location, type of sale 3. Tools and Technology training – just buying it for them, won’t help them use it 4. Have a year-round training plan not just on product but on sales skills https://twitter.com/davestei #SellingPower
  • 15. 4. Metrics and reporting #SellingPower
  • 16. The Metrics and reporting slippery slope Just because you can track it: • doesn’t mean you should • doesn’t mean it’s important • doesn’t mean it should be on your exec dashboard Choose the right metrics to drive your business to higher sales, greater pipeline yield and profitability #SellingPower
  • 17. Five metrics you should not track 1. Dials 2. Demos or appointments scheduled 3. Talk time 4. Salesforce.com logins 5. Logged activities #SellingPower
  • 18. Ten metrics every revenue organization must track 1. Marketing Cost per Sales 2. Customer Lifetime Value 3. Nurture Database Success 4. Addressable Market Size 5. Sales Cycle Length 6. Lead- Opportunity – Sales Conversion Rates 7. Deal Size 8. Qualified Leads 9. Referrals 10. Customers #SellingPower
  • 19. 5. Technology f #SellingPower
  • 20. Sales Technology is HOT “There are estimated over 2000 sales tools on the market” Nancy Nardin, Sales 2.0 #SellingPower
  • 21. 5 best practices for sales tool adoption 1. Pain-killers not vitamins 2. Implement 1-2/quarter 3. Start with small group first 4. Sit down with reps and walk them through process 5. Roll out globally with success story #SellingPower
  • 22. Thank You! Follow Us Today! Twitter @insideview Facebook facebook.com/sales.intelligence Website insideview.com Matt Heinz @heinzmarketing Craig Rosenberg @funnelholic Kevin Baldacci @kevinbaldacci7