1. Developing a customer segmentation strategy with targeted offerings can increase sales figures by more than 68% within 6 months.
2. Designing an optimal sales structure and size based on data analysis led to over 53% increased sales year-over-year for one client.
3. Mapping a standardized sales process and continuously optimizing it with insights increased sales by 55% on average across industries.
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Just when companies were able to convince their salespeople about selling solutions, a recent study pointed out to the fact that solution selling was dead. This combined with the research on procurement professionals that suggests that face to face transactional selling was a waste of time indicates that sales organizations need to rethink their approach towards equipping their sales force with the right tools to be successful. In this session we will focus on tactics used by successful salespeople.
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One of the first steps to creating or refreshing your customer success strategy is to develop a holistic segmentation approach that allows you to deliver on customer needs in an affordable way. In this webinar, we'll explore frameworks and benchmarks to help you get started on crafting your strategy.
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RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
Heed presentation
1. HEED Datasheet
I
rrespective of what hiring actions and plans we set, it will be in best cases structured as 20% top
performers, 70% middle, and 10% bottom ones. Jack Welch further insisted on the “act” part, asking
managers to act according to this categorization: stars to be nurtured and given right incentives to
excel, the bottom 10% to be weeded out, and a smart act would be to focus on increasing the
performance of the middle 70%, since they make up the majority.
Research showed that improving one’s strengths is less straightforward than fixing one’s
weaknesses. What we mean by this is that fixing only 30% of the middle performers’ weakness will
yield to a 55% increase on their sales performance. This sums up with at least 38.5% increase of
your overall company’s sales performance.
Accordingly HEED S.A.L came to fruition through the experiences and mentality of its partners. With our
solid experience and understanding of the society and the way of selling, we came to bridge the gap by
putting science into the art of selling. Our intent goes by tapping into and unleashing the potential
within sales organizations, addressing the root causes of problems, the challenges and the capabilities
on the macro, processes and the people level. This will push the sales productivity curve to the right,
thus driving tangible on-going results.
How Can We Help
P
utting science, processes and structure into the Art of Selling. This is the essence of our services
in which all modules move around to orchestrate the success of this cultural change. In other
words, it’s the methodology of not relying on the gut feelings and the natural sales talents of
individuals and rainmakers only, but rather focusing on building a laser-focused sales organization,
plans, processes that constantly develop the middle 70%. Further this facilitate in their supervision
and management, as they don’t dance anymore significantly through their peaks and valleys.
Past time, the thoughts and attempts of putting science into the art of selling failed. This was due to
many factors mostly lying behind the belief that a salesperson is born. Today, debates circulate around
which comes first, but what is obvious and could not be denied anymore is the importance, potential
and the necessity of such combination.
2. Our Approach
O
ur approach and action plan is based on developing a complete understanding of our client’s
situation leaving no stone unturned. This understanding is developed through identifying all
challenges and capabilities. It goes through a thorough analysis of your sales data building
different metrics and analytical hypothesis while keeping an eye on all none quantitative sales variables
(the art part). The latter could not be noticed without on-ground sales examination.
Our clients have better insights and passion about their organization, people, and culture. Thus coming
from different point of view and as process consultants we move shoulder to shoulder with our clients to
facilitate in building, developing and refining the sales organization.
Execution shows how to link together people, strategy, plans and processes. It’s the discipline of
execution which measures the success of any consultancy, and in execution we believe. We follow the
process consultancy approach with a buildup-breakthrough flywheel model to insure consistency and
coherence until we guarantee the success of the project.
Solution
This is an interrelated combined solution where every step brings a humongous return on investment by
addressing every single aspect in the sales organization.
Market Sales Strategy
Customer Segmentation Targeted Offering
Customer segmentation based on Product and service offerings for
Internal Factors
External Factors
clients purchasing behavior each customer segment are specified
Customer
Needs
Sales Model and Process
Changing
Mapping the sales cycle for every segment
Environment
Channels
Competitors Sales Force Structure Sales Force Size
§ By territory, product or customer segment
§ # of salespeople of each type
§ Sales People type
§ How will sales effort of each type
§ Roles
of salesperson be allocated to
§ Reporting relationships
customers and products?
Assignment of Responsibilities
Sales targets by salesperson Sales force productivity
3. 1. Build a Laser-focused sales strategy: Nowadays in football, good managers could not
reside on stars only. They should rather align their players, build the formation, and model along their
winning strategy. The same in sales organizations, a well-developed customer segmentation with a
focused targeted offering could be the key in orchestrating your sales performance. Such an exercise
coupled with the proper disciplined execution of the set strategy had more than 68% average
increase in our clients’ sales figures within a 6 months period.
2. Design scientifically the Sales size and structure: Some believe that clients prefer to
have a focal contact with their clients. Some believe they don’t have the luxury to implement a product
specialist sales structure. Designing a sales structure and size is a scientific exercise. Such exercise not
only had more than 53% increase on the sales figures at our client compared to last year. It further
aided us in the execution of the set action plan to reach the sales objectives faster.
3. Follow your clients continuously with the same process: Sales People ask
themselves daily thousands of stuff that limit their performance. Do we follow up on the prospect
today, tomorrow or later? Do we drop this prospect or keep persisting? With handful of sales people,
depending on the hunch of the salesperson seems an adequate approach - As it's hard to see the
variability. But analyzing enough leads and prospects continuously will draw a pattern of a process. Such
pattern when mapped, refined, and optimized with on-ground sales insights would then easily bridge
the gap between rainmakers and the middle 70%. Our cases have indicated that such standardized
structured process had increased sales by 55% as average within different industries even when
rainmakers are in their bad days.
4. Train and Develop the sales people measurably: Surveys showed that most candidates
are trained by being shadowed for few weeks with one of the company's top sales people. But this is not
a teachable repeatable way to sell. Eventually this leaves the management with an only mean of
motivating salespeople or firing the least productive and rolls the dice in hiring newcomers. HEED
builds and conduct a measurable sales development program circulated around the understanding
of selling and how to follow a structured selling approach, rather than any egotistical motivational
stories. Such program could extend beyond three months duration including extensive coaching and on-
ground insights and visits. Its outcome is extremely significant.
5. Maintain the same sales productivity: There is magic when breaking down the sales
process into small wins. Heed will run different rigorous analysis and review on the all sales
productivity figures in order to draw the trend for every individual that he/she must then follow.
This helps salespeople to focus on understanding their prospect management ratios. Through the
development program HEED will strive to implant a scientific selling mindset. A mindset that would
get them to keep an eye on the objectives and milestones set for every step in their sales process rather
than focusing on the end result. For ex: keep the sales team aligned in generating continuously the
same number of leads, conduct the same quantity and quality of calls, maintain a fixed number of new
meetings per week. This would help too in drawing an accurate sales projection.
6. Hire the same successful sales people every time: The purpose of defining a detailed
structured hiring process in advance is to minimize the various challenges and errors most companies
face when it comes to hiring sales people or sales managers. This is due to very important hidden factor
that affects the hiring decision when it comes to interviewing randomly few people, while selection is
based on the gut feelings. HEED will map the profile of salespeople required to every position linked
to a structured recruitment methodology to follow.
4. Return on Investment
B
elow is a list of few factors as per a study conducted by Accenture indicating the increase of
their efficiency. Each factor is a key result behind successfully planning and executing one or
more of the above 6 solutions.