Based on extensive research, this study by the Corporate executive Board
(CEB) builds on their idea of the challenger sale by providing strategies by
which salespeople can better understand the diversity that exists in the decision
making unit of the customer and work on making sure that the diversity does
not drive apart the customers from a key decision. On the contrary successful
salespeople work on developing a consensus in the decision making unit of the
customer and using this to drive home the sale. The various strategies to help
consensus are then elaborated in the article.
This webinar is all about using digital marketing fundamentals to amplify your influencer marketing reach. Today influencer marketing is a growing tool for any size business. However, it is being underutilized and not amplified with online marketing basics, like SEO. In this session you will learn how to use powerful digital marketing tools like SEO and your own social media to help you take your influencer marketing campaigns to the next level.
What you will learn:
- The best social media channels for influencer marketing and why
- How to use SEO to amplify influencer marketing
- How to use influencer marketing to enhance your SEO
- SEO best practices to amplify your influencers message
Social Media can be crucial for digital business success if used strategically in a consumer-oriented way.
With increasing digitization in our lives, Digital Marketing becomes a key success factor for companies. Social Media occupies a very important place in this area as billions of customers use it to connect with each other and with companies.
To exploit the vast potential of Social Media for your business, it is not enough to simply engage. You have to proceed strategically as well.
A.T. Kearney’s Social Media Strategy Execution is part of the 10 Steps Digital Series. As a comprehensive how-to guide, this publication will lead your company to higher return rates in 10 strategic steps that cover all aspects of digital business success with Social Media.
You can order a free printed and bounded copy under the following link:
http://bit.ly/Social-Media-Strategy-Execution
12 Steps to Effective Growth Hacking (www.wepullthetrigger.com)Trigger
Do you consider growth hacking to be a fluffy concept and practice? Are you unsure how to crack the code on how to get started? Good news ahead. We have broken down the process in 12 effective steps that will help you kick off your growth (hacking) efforts. Let's get started!
Solid standard operating procedures (SOP) are critical for business success. It clearly describes how to complete digital marketing activities for your company and clients.
The Clickminded Agency Growth SOP Toolkit contains over 40 easy-to-follow SOPs and professional templates that anybody can execute.
We designed the agency growth toolkit to change the way you do business. You should get this toolkit if you want to scale your business operations.
The Clickminded Agency Growth SOP Toolkit helps agencies streamline operations, provide new services, manage teams, and train employees quickly and efficiently.
This toolkit will save you time and effort by assisting you in quickly developing internal procedures and systemizing your business processes.
This toolkit covers all major CRM platforms like WordPress, Shopify, Squarespace, wix.com, and custom platforms.
How to Accurately Track Marketing Campaigns + Free Campaign Tagging ToolIn Marketing We Trust
Learn How to Accurately Track Marketing Campaigns with Tracking Guru Ben Weber, Head of Analytics at In Marketing We Trust (Travel Massive LIVE sponsor).
We'll be answering:
*Why do we need campaign tracking?
*What are UTM parameters?
*Where to find campaigns in Google Analytics?
And you'll learn how to use UTM for:
*Email
*Google ads and other paid campaigns
*Social media campaigns
*Offline campaigns
This webinar is all about using digital marketing fundamentals to amplify your influencer marketing reach. Today influencer marketing is a growing tool for any size business. However, it is being underutilized and not amplified with online marketing basics, like SEO. In this session you will learn how to use powerful digital marketing tools like SEO and your own social media to help you take your influencer marketing campaigns to the next level.
What you will learn:
- The best social media channels for influencer marketing and why
- How to use SEO to amplify influencer marketing
- How to use influencer marketing to enhance your SEO
- SEO best practices to amplify your influencers message
Social Media can be crucial for digital business success if used strategically in a consumer-oriented way.
With increasing digitization in our lives, Digital Marketing becomes a key success factor for companies. Social Media occupies a very important place in this area as billions of customers use it to connect with each other and with companies.
To exploit the vast potential of Social Media for your business, it is not enough to simply engage. You have to proceed strategically as well.
A.T. Kearney’s Social Media Strategy Execution is part of the 10 Steps Digital Series. As a comprehensive how-to guide, this publication will lead your company to higher return rates in 10 strategic steps that cover all aspects of digital business success with Social Media.
You can order a free printed and bounded copy under the following link:
http://bit.ly/Social-Media-Strategy-Execution
12 Steps to Effective Growth Hacking (www.wepullthetrigger.com)Trigger
Do you consider growth hacking to be a fluffy concept and practice? Are you unsure how to crack the code on how to get started? Good news ahead. We have broken down the process in 12 effective steps that will help you kick off your growth (hacking) efforts. Let's get started!
Solid standard operating procedures (SOP) are critical for business success. It clearly describes how to complete digital marketing activities for your company and clients.
The Clickminded Agency Growth SOP Toolkit contains over 40 easy-to-follow SOPs and professional templates that anybody can execute.
We designed the agency growth toolkit to change the way you do business. You should get this toolkit if you want to scale your business operations.
The Clickminded Agency Growth SOP Toolkit helps agencies streamline operations, provide new services, manage teams, and train employees quickly and efficiently.
This toolkit will save you time and effort by assisting you in quickly developing internal procedures and systemizing your business processes.
This toolkit covers all major CRM platforms like WordPress, Shopify, Squarespace, wix.com, and custom platforms.
How to Accurately Track Marketing Campaigns + Free Campaign Tagging ToolIn Marketing We Trust
Learn How to Accurately Track Marketing Campaigns with Tracking Guru Ben Weber, Head of Analytics at In Marketing We Trust (Travel Massive LIVE sponsor).
We'll be answering:
*Why do we need campaign tracking?
*What are UTM parameters?
*Where to find campaigns in Google Analytics?
And you'll learn how to use UTM for:
*Email
*Google ads and other paid campaigns
*Social media campaigns
*Offline campaigns
Local Search in 2023 - Must-Know and Must-Do TacticsBenu Aggarwal
In this session, renowned local experts Greg Sterling, Joy Hawkins, Mike Blumenthal, and Benu Aggarwal shared extremely useful information on local search for 2023. These included various impacts of algorithm updates and effects in 2022 and the role of Google AI in local search. They highlighted the different types of content that will engage users in local search using hyperlocal experience and also they shared other must-have solutions for local search presence within a marketing plan. The deck and webinar video are now available.
Traditional software organizations have spent the last decade+ adding sales headcount as revenue targets increase, fine-tuning cold calling strategies, and pushing reps "always be closing." But, it’s time to face the harsh reality: the future of a successful go-to-market strategy is product-led. In fact, the most successful IPOs and fastest growing private companies of the past five years all orient themselves around a cost-efficient product-led go-to-market. You have the opportunity to get ahead of the curve and change your sales motion, but only if you commit now to building a product-first organization.
In this session, Devon will discuss:
- How to adapt your organization to a product-first model
- Optimize conversion through stronger prospect engagement with a focus on customer success
- Lead your organization internally to make the shift to Product Qualified Leads
- Redirect spend and maximize output
30 Marketing growth hack cards taken from the recent blog posts of the smartest cookies in the industry. Crazy, sneaky, happy and weird marketing hacks.
Retail Media Networks: How the physical store will power their next phase of ...National Retail Federation
Presentation from NRF 2023: Retail's Big Show
Kristi Argyilan, Albertsons Media Collective
Aaron Dunford, Nordstrom
Andrew Lipsman, Insider Intelligence
Retail media is disrupting the digital advertising industry and creating new high-margin revenue streams for retailers. The opportunity behind this fast-growing $40 billion US market is significant, with brands eager to capitalize on retailer first-party data to reach shoppers with relevant advertising experiences. In this session with retail media leaders, we examine how retail media networks are evolving to meet consumers shopping behaviors wherever they are, whether that be in-store or online.
Youtube secrets the ultimate guide to growing your following and making money...Marketing College Forum
YouTube has changed our world- from how we view video to how we connect and market - opening a new entrepreneurial landscape to ambitious individuals. Thousands of people generate six to seven figures annually from online video content. And, with the right road map, you too could be en route to real influence and income.
In YouTube Secrets, online video experts Sean Cannell and Benji Travis draw on a decade of experience as well as interviews with more than 100 top creators to give you a step-by-step YouTube success playbook. You’ll learn:
The seven essential ingredients for a profitable channel
New strategies for getting views and subscribers
Ten ways to make money on YouTube
And much more
Whether you’re a beginner or a veteran, this book will show you how to use YouTube to build a following, create a lucrative business, and make a massive impact in people’s lives.
THE SCIENCE BEHIND EFFECTIVE FACEBOOK AD CAMPAIGNSunfunnel
http://unfunnel.com/facebook-ads-guide
A successful Facebook Ad is made of 2 components: a great design, targeted to the right audience. By analyzing over 100,000 real world ads we’ll show you what’s trending right now.
We not only provide you with the science and data behind a successful Facebook ad, but we also give you actionable best practices and highlight examples of companies doing it right.
Download this guide from Adspresso and HubSpot to learn how to create perfect Facebook ads based on real data on headlines, popular words, numbers and sentiments, and more!
The Complete Starter Guide To Tumblr MarketingViraltag Inc.
Everything you ever wanted to know about Tumblr but were afraid to ask. In this guide you'll learn how to create a Tumblr account and drive business from the social network.
Here's the deck from my Performance Marketing Session at Upgrad Exchange in Bangalore. Please leave your queries /feedback below.
(Link to plan in deck seems expired, here is the link - https://docs.google.com/spreadsheets/d/10c3ITcbOEWOUbFOyTuHlK1M5wJlMQBdZ2QfP3Fss1RU/edit#gid=752459564)
Well, Performance Marketing is quite a buzz word today. But for many marketers or entrepreneurs, it's easy to get lost in jargons and not catch the real essence. My goal was to simplify the concepts in performance marketing with examples everyone can relate to.
The deck also covers a performance mindset, and a spend management strategy that can help brands optimize their spends towards metrics that matter.
To deck covers
- The Marketing funnel & How most marketing teams are structured today.
- Performance marketing with a case-study, where I have detailed a spend strategy with channels & metrics
- Wrapping up, the deck talks about growth engines & growth hacks - with some inspiring examples.
Performance Marketing in a digital worldForestView
This is the introductory presentation that Zhivko Kalotov, Country Manager of ForestView Bulgaria, delivered at the "Performance Marketing in a Digital World" Masterclass. The event was hosted on March 12, 2014 by ForestView, in collaboration with the Bulgarian Association of Advertisers.
Introduction to SlideShare for BusinessesSlideShare
As the global hub of professional content, SlideShare can help you or your business amplify its reach, get discovered by targeted audiences and capture more professional opportunities. Learn why you should use SlideShare for your business
Here's a workshop I gave on growth hacking. It's a presentation of 15 different practical startup growth hacks, plus a workshop session where we brainstorm how to market / grow 3 fictional startups.
(includes Voice SEO) you can call it a Modern SEO Guide Share it with your team or your boss. They will thank you
Want to customize it and share it? I have an editable word document, leave a comment or send a DM, as always would love ❤️ to share it with you :)
https://www.webmarketingacademy.in/seo-audit-template-pdf-word-free-download-sample-seo-report/
Compiled by Kurio & thenetworkone
The contributing experts and agencies are : Michał Kaliściak, Head of Content & Moderation, 180heartbeats +JUNG v MATT (PL), Kevin Fernandez, Social Media Producer, Adolescent Content (USA), Mar Camps, Digital Director, Atrevia (ES), Emily Ostrowska, Social Strategist, Culture (NZ), Adaobi Ugoago, Senior Creative Strategist, Day One Agency (USA), Silvia Tasso, Senior Digital Strategist & Francesca Trevisan, Digital Strategist, Different (IT), Jemma Parkin, Senior Account Manager, The Hallway (AU), Monika James, General Manager, Healthy Thinking Group Asia (SG), James Hebbert, Managing Director, Hylink UK (CH/UK), Lukas Hardy, Social Media Manager & Pancho González, Chief Creative Officer, Inbrax (CL), Oana Oprea, Head of Digital Planning, Jam Session (RO), Megan Perks, Executive Creative Director, Joe Public United (SA), Amy Bottrill, Social Account Director, Launch (UK), Gaby Arriaga, Founder, Leonardo1452 (MX), Rajesh Mehta, Chief Strategy Officer & Dhruv Gaur, Consultant, Digital Marketing, Medulla Communications (IN), Shannon Osborne, Head of Digital, Osaka Labs (UK), Lucas Florian, Unit Director, PIABO (DE), Kei Obusan, Senior Data and Insights Manager, Radarr (SG), Carol Chan, Managing Director, Comms8 (UK/HK), Presh Hunder, Social Media Manager & Jide Agbana, Product Marketing Manager, Enterfive (US / UK / NRA), Christopher Dimmock, SVP Integrated Strategy, Abelson Taylor (USA)
Local Search in 2023 - Must-Know and Must-Do TacticsBenu Aggarwal
In this session, renowned local experts Greg Sterling, Joy Hawkins, Mike Blumenthal, and Benu Aggarwal shared extremely useful information on local search for 2023. These included various impacts of algorithm updates and effects in 2022 and the role of Google AI in local search. They highlighted the different types of content that will engage users in local search using hyperlocal experience and also they shared other must-have solutions for local search presence within a marketing plan. The deck and webinar video are now available.
Traditional software organizations have spent the last decade+ adding sales headcount as revenue targets increase, fine-tuning cold calling strategies, and pushing reps "always be closing." But, it’s time to face the harsh reality: the future of a successful go-to-market strategy is product-led. In fact, the most successful IPOs and fastest growing private companies of the past five years all orient themselves around a cost-efficient product-led go-to-market. You have the opportunity to get ahead of the curve and change your sales motion, but only if you commit now to building a product-first organization.
In this session, Devon will discuss:
- How to adapt your organization to a product-first model
- Optimize conversion through stronger prospect engagement with a focus on customer success
- Lead your organization internally to make the shift to Product Qualified Leads
- Redirect spend and maximize output
30 Marketing growth hack cards taken from the recent blog posts of the smartest cookies in the industry. Crazy, sneaky, happy and weird marketing hacks.
Retail Media Networks: How the physical store will power their next phase of ...National Retail Federation
Presentation from NRF 2023: Retail's Big Show
Kristi Argyilan, Albertsons Media Collective
Aaron Dunford, Nordstrom
Andrew Lipsman, Insider Intelligence
Retail media is disrupting the digital advertising industry and creating new high-margin revenue streams for retailers. The opportunity behind this fast-growing $40 billion US market is significant, with brands eager to capitalize on retailer first-party data to reach shoppers with relevant advertising experiences. In this session with retail media leaders, we examine how retail media networks are evolving to meet consumers shopping behaviors wherever they are, whether that be in-store or online.
Youtube secrets the ultimate guide to growing your following and making money...Marketing College Forum
YouTube has changed our world- from how we view video to how we connect and market - opening a new entrepreneurial landscape to ambitious individuals. Thousands of people generate six to seven figures annually from online video content. And, with the right road map, you too could be en route to real influence and income.
In YouTube Secrets, online video experts Sean Cannell and Benji Travis draw on a decade of experience as well as interviews with more than 100 top creators to give you a step-by-step YouTube success playbook. You’ll learn:
The seven essential ingredients for a profitable channel
New strategies for getting views and subscribers
Ten ways to make money on YouTube
And much more
Whether you’re a beginner or a veteran, this book will show you how to use YouTube to build a following, create a lucrative business, and make a massive impact in people’s lives.
THE SCIENCE BEHIND EFFECTIVE FACEBOOK AD CAMPAIGNSunfunnel
http://unfunnel.com/facebook-ads-guide
A successful Facebook Ad is made of 2 components: a great design, targeted to the right audience. By analyzing over 100,000 real world ads we’ll show you what’s trending right now.
We not only provide you with the science and data behind a successful Facebook ad, but we also give you actionable best practices and highlight examples of companies doing it right.
Download this guide from Adspresso and HubSpot to learn how to create perfect Facebook ads based on real data on headlines, popular words, numbers and sentiments, and more!
The Complete Starter Guide To Tumblr MarketingViraltag Inc.
Everything you ever wanted to know about Tumblr but were afraid to ask. In this guide you'll learn how to create a Tumblr account and drive business from the social network.
Here's the deck from my Performance Marketing Session at Upgrad Exchange in Bangalore. Please leave your queries /feedback below.
(Link to plan in deck seems expired, here is the link - https://docs.google.com/spreadsheets/d/10c3ITcbOEWOUbFOyTuHlK1M5wJlMQBdZ2QfP3Fss1RU/edit#gid=752459564)
Well, Performance Marketing is quite a buzz word today. But for many marketers or entrepreneurs, it's easy to get lost in jargons and not catch the real essence. My goal was to simplify the concepts in performance marketing with examples everyone can relate to.
The deck also covers a performance mindset, and a spend management strategy that can help brands optimize their spends towards metrics that matter.
To deck covers
- The Marketing funnel & How most marketing teams are structured today.
- Performance marketing with a case-study, where I have detailed a spend strategy with channels & metrics
- Wrapping up, the deck talks about growth engines & growth hacks - with some inspiring examples.
Performance Marketing in a digital worldForestView
This is the introductory presentation that Zhivko Kalotov, Country Manager of ForestView Bulgaria, delivered at the "Performance Marketing in a Digital World" Masterclass. The event was hosted on March 12, 2014 by ForestView, in collaboration with the Bulgarian Association of Advertisers.
Introduction to SlideShare for BusinessesSlideShare
As the global hub of professional content, SlideShare can help you or your business amplify its reach, get discovered by targeted audiences and capture more professional opportunities. Learn why you should use SlideShare for your business
Here's a workshop I gave on growth hacking. It's a presentation of 15 different practical startup growth hacks, plus a workshop session where we brainstorm how to market / grow 3 fictional startups.
(includes Voice SEO) you can call it a Modern SEO Guide Share it with your team or your boss. They will thank you
Want to customize it and share it? I have an editable word document, leave a comment or send a DM, as always would love ❤️ to share it with you :)
https://www.webmarketingacademy.in/seo-audit-template-pdf-word-free-download-sample-seo-report/
Compiled by Kurio & thenetworkone
The contributing experts and agencies are : Michał Kaliściak, Head of Content & Moderation, 180heartbeats +JUNG v MATT (PL), Kevin Fernandez, Social Media Producer, Adolescent Content (USA), Mar Camps, Digital Director, Atrevia (ES), Emily Ostrowska, Social Strategist, Culture (NZ), Adaobi Ugoago, Senior Creative Strategist, Day One Agency (USA), Silvia Tasso, Senior Digital Strategist & Francesca Trevisan, Digital Strategist, Different (IT), Jemma Parkin, Senior Account Manager, The Hallway (AU), Monika James, General Manager, Healthy Thinking Group Asia (SG), James Hebbert, Managing Director, Hylink UK (CH/UK), Lukas Hardy, Social Media Manager & Pancho González, Chief Creative Officer, Inbrax (CL), Oana Oprea, Head of Digital Planning, Jam Session (RO), Megan Perks, Executive Creative Director, Joe Public United (SA), Amy Bottrill, Social Account Director, Launch (UK), Gaby Arriaga, Founder, Leonardo1452 (MX), Rajesh Mehta, Chief Strategy Officer & Dhruv Gaur, Consultant, Digital Marketing, Medulla Communications (IN), Shannon Osborne, Head of Digital, Osaka Labs (UK), Lucas Florian, Unit Director, PIABO (DE), Kei Obusan, Senior Data and Insights Manager, Radarr (SG), Carol Chan, Managing Director, Comms8 (UK/HK), Presh Hunder, Social Media Manager & Jide Agbana, Product Marketing Manager, Enterfive (US / UK / NRA), Christopher Dimmock, SVP Integrated Strategy, Abelson Taylor (USA)
Do you really understand what message you are giving when you do a presentation or speech. Find out how to structure your message so that your audience get it. When public speaking, you need to know the message you are giving and if it fits your audience.
Karl Schmidt is the practice manager of CEB Marketing. Bre.docxtawnyataylor528
Karl Schmidt is the
practice manager of CEB
Marketing. Brent Adamson
is CEB’s managing director
of advisory services.
Anna Bird is a director
of strategic research for
CEB Marketing.
106 Harvard Business Review March 2015
Making
the
Consensus
Sale
You have to align all the decision makers.
by Karl Schmidt, Brent Adamson, and Anna Bird
G
ET
TY
IM
A
G
ES
/M
A
RT
IN
B
A
R
R
A
U
D
HBR.ORG
March 2015 Harvard Business Review 107
Sales reps have long been taught to seek out the executive who can single-handedly approve a deal at a company. But whether
they’re selling to a customer with 50 employees
or 50,000, reps today rarely find a unilateral
decision maker. More often, they discover that
the authority to make decisions rests with groups
of individuals—all of whom have different
roles, and all of whom have veto power. Reaching
consensus and closing deals has become an
increasingly painful and protracted process for
customers and suppliers alike.
To understand the impact of buying groups on
sales, CEB recently conducted four surveys of more
than 5,000 stakeholders involved in B2B purchases.
We found that, on average, 5.4 people now have to
formally sign off on each purchase. Complicating
matters, the variety of jobs, functions, and geogra-
phies that these individuals represent is much wider
than it used to be. Whereas an IT supplier might have
once sold directly to a CIO and his or her team, today
that same firm may also need buy-in from the chief
marketing officer, the chief operating officer, the
chief financial officer, legal counsel, procurement
executives, and others. The people on buying teams
have increasingly diverse priorities, and to win them
over, suppliers must bridge those differences. The
upshot is longer cycle times, smaller deals, lower
margins, and, in the ever more common worst case,
customer deadlock that scuttles the deal. (See the
exhibit “Group Size Matters.”)
Innovative suppliers, however, are finding ef-
fective ways to create consensus in these buying
groups. This article describes how those companies
prime groups with a common language and shared
perspectives, motivate internal champions to ad-
vocate for their firms’ solutions, and equip those
champions to help groups reach agreement. As we’ll
see, accomplishing all of this requires some novel ap-
proaches and a new level of collaboration between
sales and marketing.
Understanding Customer Consensus
CEB’s surveys spanned a wide range of industries,
geographies, and go-to-market models and an even
larger array of issues associated with group pur-
chases—everything from buying-group demographics
to purchase-process dynamics to individual behavior.
Three key conclusions emerged from the responses:
1. Personalization can backfire. Conventional
wisdom holds that the more personalized a message
is, the more effectively it will drive a sale. And in-
deed, CEB’s surveys found that individual cus ...
Traditional lead generation has undergone substantial changes in recent years, thanks to new online and social marketing techniques. In particular, the abundance of information readily available online has led to the rise of the “self-directed buyer” and the emergence of new ways to develop and qualify potential leads before passing them to sales.
In the age of the self-directed buyer, marketers need to find new ways to reach their potential customers and get heard through the noise. Instead of finding customers through mass advertising and email blasts, marketers must now focus on being found, and learn to build enduring relationships with buyers. This massive shift has sparked a huge transformation in marketing.
www.bibbyconsultinggroup.com.au
Follow us:
Instagram: http://instagram.com/bibbyconsulting
Facebook: http://facebook.com/bibbyconsulting
Twitter: http://twitter.com/bibbyconsulting
Google+:http://plus.google.com/+Bibbyconsulti...
LinkedIn: http://linkedin.com/company/bibby-con...
Bibby Consulting: http://bibbyconsultinggroup.com.au
Nathanial Bibby: http://nathanialbibby.com.au
LinkedInsider: http://linkedinsider.com.au
Companies fiddle constantly with their incentive plans and sales executives are always looking for ingenious ways to motivate their teams. If sales targets are missed, they blame the sales compensation plan and start over. Meanwhile, The finance organization views the comp plan as an expense to manage. That’s not
surprising: Sales force compensation represents the single largest marketing
investment for most B2B companies. So naturally finance tries to ensure that comp
plans have cost-control measures designed into them. Additionally, many companies
respond to cost-cutting pressure from the finance department with incentives that
backfire. More often than not, controls encourage salespeople to spend time with
customers according to the company’s internal needs, rather than when the customer
is ready to buy.
This is the world of the sales machine, built to outsell less focused, less disciplined competitors through brute efficiency and world-class tools and training. Recently
sales has been caught off guard by dramatic changes in customers’ buying behavior and sales performance has grown increasingly erratic. The very approaches that made the sales machine so effective now make selling harder. The sales machine is stalling. Leaders must abandon their fixation on process compliance and embrace a flexible approach to selling driven by sales reps’ reliance on insight and judgment.
Companies have become savvy customers; they have often determined the solution and the supplier they need, and the price they are willing to pay, before the salesperson enters the scene. In this competitive environment, the premium on finding, training, motivating and retaining star performers has never been higher.
Because firms only measure past sales performance, they have limited insight into how a salesperson will do going forward and what types of training and incentives
will be most effective. Failing to forecast a salesperson’s future value can lead to costly misallocation of training and incentive dollars. Many firms overvalue their poor performers and undervalue their stars, which might lead to undervalued top salespeople to slip trough their fingers and into competitors’ arms. This article illustrates a novel method for measuring a salesperson’s future profitability to the firm. Future performance is linked to specific types of training and incentives and show how those investments can dramatically boost revenue.
Social networks are critical in sales. Companies and salespeople can improve
performance significantly by understanding the interplay among the different webs
of customers, leads and colleagues they develop.
The sales process can be represented as four distinct stages, which all require a
different set of abilities and network configuration. If salespeople and managers
understand how networks function, they can pinpoint the most effective network
configuration for each stage of a sale and take the actions necessary to create it and
outshine competitors. In each stage of the sales process, the salesperson’s efforts
come down to two essential and complementary types of network-management
actions: managing the information flow and coordinating the efforts of contacts. This
article offers a framework for systematically managing different social networks, by
matching the network to the task. The article also presents three levers managers
can use to encourage salespeople to integrate the network-based view and make the
best possible use of social networks.
This document summarizes three connected pieces of work by Steve W. Martin, that should resonate with salespeople and sales managers alike. A lot of research has been conducted concerning the right capabilities a salesperson should have to become a high-performing top salesperson. This project involved the interviewing of top salespeople and sales leaders to gather more information
about the attributes necessary to exceed your quota.
This interesting articles suggest that successful salespeople need not always
exhibit extrovert tendencies, nor will salespeople be at a complete disadvantage
if they introverts. The author works on a concept proposed by bestselling author
Daniel Pink and proposes the ambivert (referring to an individual who falls
between an extrovert and an introvert) as the ones who are more likely to be
successful in the long run. Basing himself on a sample of salespeople, Adam
Grant, proves his point and offers some pointers for sales managers.
In this article, the authors suggest that sales managers need to realize that not all sales visits to the customers will necessarily create value for the customer. Sales managers need to realize that different sales processes exist when dealing with customers and the key factor determining the sales process is got to be based on how much value a salesperson can bring to the customer. The
authors go on to identify three different types of sales processes and give reasons as to why value based segmentation is the best way to help your salespeople deliver value not just for their customers but also for themselves.
1. Vlerick Sales Center Article Summary Series
Making the consensus sale; you have to align all the decision makers.
(by K. Schmidt, B. Adamson and A. Bird, Harvard Business Review, March
2015)
Summarized By Ellen Croux and Deva Rangarajan, Vlerick Sales Center
Article At a Glance:
Based on extensive research, this study by the Corporate executive Board
(CEB) builds on their idea of the challenger sale by providing strategies by
which salespeople can better understand the diversity that exists in the decision
making unit of the customer and work on making sure that the diversity does
not drive apart the customers from a key decision. On the contrary successful
salespeople work on developing a consensus in the decision making unit of the
customer and using this to drive home the sale. The various strategies to help
consensus are then elaborated in the article.
Defining the problem
The biggest change in sales and marketing today is how customers buy. Conventionally
sales representatives where taught to single out the final decision maker in order to
seal the deal. Now the authority to make a purchasing decision lays with groups of
individuals. A buying team on average contains 5,4 decision makers that have different
priorities, functions and geographies. The art of sales today consists of bridging those
differences and creating consensus within the buying team.
Customer consensus: three key conclusions
In recent surveys conducted by the Corporate Executive Board, of more than 5000
stakeholders, involved in B2B purchasing, diverse issues associated with group
purchases were investigated: from buying-group demographics to purchase-process
dynamics to individual behaviour. The surveys spanned a wide range of industries,
geographies and go-to-market models. There were three main conclusions:
1. Personalization can backfire
Conventional wisdom concerning personalization is that the more a message is
personalized, the more effectively it will drive a sale. In buying teams however,
sending a differentiated personalized message to each individual might highlight the
different priorities and goals within a team and hinder consensus. The customer
stakeholders within a buying team should be connected to each other, not to the
supplier individually.
2. 2. Achieving consensus is hardest early in the buying process
The purchasing process is typically divided into three stages: problem definition,
solution identification and supplier selection. B2B buyers stated that the identification
of a solution and agreement about which course best to follow, was generally the most
difficult phase. While suppliers should be helping a customer to reach consensus, they
generally focus most on the third stage, trying to convince the customer to choose
them. A supplier should realize that customer consensus more often than not has fallen
apart before they even enter the scene. Sales representatives should proactively
overcome disconnections among stakeholders before engaging in sales.
Achieving customer consensus also presents an opportunity for marketing because
they are better positioned to foster consensus. They have tools that can reach
customers more effectively during the critical consensus-building process and by
combining customer knowledge from sales and own market research, they can identify
patterns of customer behaviour and broad customer insights which they can translate
into scalable marketing approaches.
3. Willingness to buy and willingness to advocate are not the same
To gain better access to the individuals of the buying teams a supplier needs a
mobilizer, an advocate inside the customer organization. Effective use of a mobilizer
depends on the willingness and the ability of a person to mobilize. A study revealed
that only half of the people interested to buy a product were also willing to publicly
advocate it. This reluctance to be an advocate stems from the perceived risk of losing
respect or credibility inherent in fighting for change and promoting consensus. The fear
also increases drastically as the size of a buying team increases. This perceived risk
represents a huge obstacle for suppliers that seek to leverage mobilizers and create
consensus.
A study showed that mobilizers are most inspired by provided personal value, like
career advancement or better leadership skills, than by business value provided to the
mobilizer’s organization. Suppliers still emphasize the wrong elements, addressing
organizational risks and rewards, instead of focussing on personal risk and appeal.
Marketing has a key role in encouraging mobilizers and equipping them to build
consensus. Even when a mobilizer is willing and able, he or she will still need support.
Building customer consensus: 3 identified strategies
STRATEGY 1: PRIMING CUSTOMER BUYING GROUPS FOR AGREEMENT BY CREATING A COMMON
LANGUAGE AND SHARED PERSPECTIVES AROUND A PROBLEM AND A SOLUTION
Shareholders in a buying team will have overlapping but distinct and sometimes
conflicting interests. Helping those stakeholders see their shared interests will create a
basis for consensus and make it easier for mobilizers to advocate on your behalf. Two
different approaches can help identify common ground:
3. Language mapping: mining social media and online publications to track trending
terms and themes. Cisco, for example, used this technique to identify priorities of
various stakeholders and topics that might appeal to them. Cisco marketers saw the
opportunity to craft a range of experimental messages and embed them in social media
to track adaptation of the language in online conversations among different
stakeholder groups. This way they were able to help create a common language and
shared perspectives among shareholders.
Shared learning: a technique used to expose common priorities when
stakeholders believe their interests are mutually exclusive and there is no common
ground. In reality this is rarely. For example, Kimberly-Clark Professional (KCP) sells
health and safety products and provides shared learning through facilities assessments
or site surveys. They offer learning tools with accompanying materials that promise
guidance and they highlight the shareholders’ shared needs. Another example of
shared learning is found in Greif, a global industrial packaging manufacturer, which
reasoned that connecting offerings with the customers’ sustainability goals could
elevate the purchasing decision to a strategic level. Greif developed the Green Tool, a
diagnostic tool that potential customers can use to evaluate the environmental benefits
of various operational changes. To use this diagnostic tool the participation of multiple
stakeholders is required, which helps decision makers with different goals to discover
their areas of alignment.
STRATEGY 2: MOTIVATING MOBILIZERS Mobilizer Value = Rewards - Risks
The value for a mobilizer to advocate will increase either when the perceived risk is
reduced or when the perceived rewards are increased.
Reduce perceived risk: reduce the fear of mobilizers to hurt their credibility or
job security by lobbying for a specific solution. Willingness to advocate for a purchase
increases when perceived organizational support for a supplier increases. Advocates
are often unaware of allies within their organization, the challenge for suppliers is to
reveal this support. This can be done by shared learning, but focused approaches that
target individual advocates and encourage them to speak up are more efficient and
critical for participation. For example Holcim, a global supplier of cement, conducts
surveys throughout its customers’ organizations to collect net promoter scores (NPS),
which measure the willingness to recommend a product or a company. This NPS data
can demonstrate the broad support when an account manager encounters a potential
advocate for a new offering at an existing customer.
Increase perceived rewards: Instead of only conveying the business value of an
offering which is a commonly employed technique in the B2B world, combining
perceived value with an emotional tie can make the difference in motivating a
mobilizer. Grainger, a global provider of ‘maintenance, repair and operations’ solutions,
for example, found through market research that his customers valued their managing
capability to keep their plants running safely and efficiently. Grainger designed a
campaign to demonstrate a direct link between Grainger’s unique capabilities and
managers’ desire to run facilities at peak performance. Facility managers stated that
Grainger “gets them” better than competitors do which led to more motivation to
advocate for Grainger products.
4. STRATEGY 3: EQUIPPING MOBILIZERS TO BE EFFECTIVE.
80% of the surveyed mobilizers wanted support from suppliers in communicating the
value of solutions. Increasingly this supporting role will have to be provided by
marketing, because the challenges of achieving consensus often emerge before the
sales team enters the scene. Progressive marketing teams are converting sales
enablement materials to support mobilizers and they provide these materials for free.
Important aspects when converting sales tools into mobilizer tools are: to make the
content supplier neutral, to make sure mobilizers’ efforts are minimized and to address
knowledge or skill gaps. For example Marketo, a provider of marketing automation
software, created a 100-page mobilizer tool kit with detailed guidance on how to
communicate the value of the offering to diverse stakeholders and specifics they need
to make their business case internally. The tool kit offers mobilizers tips on the art of
persuasion and guides them through the purchase process. Such a guide can be useful
to set expectations with customers, help guide the purchasing decision and influence
requests for proposals.
Conclusion
Innovative suppliers:
- prime groups with a common language and shared perspectives
- motivate internal mobilizers to advocate their firms’ solutions
- equip those mobilizers to help groups reach consensus
Accomplishing this requires a focus on connection of decision makers within a
customer’s organization with one another, instead of a focus on individual connection
with the supplier. Because of today’s pressure to drive consensus, the relationship
between sales and marketing will also have to change. Suppliers will have to align
sales and marketing as a single team with a common goal to remain competitive.