This document provides an overview and agenda for a sales process training pilot program. It includes:
- An introduction and background on the goal of standardizing the sales process.
- An overview of the standardized sales steps process, including definitions for qualifying opportunities and tracking key funnel metrics.
- A demonstration of the Oracle CRM On Demand tool and how it will be improved to better support the standardized process.
- Details on new job aids, back office support, and aligning marketing content to the different sales steps that will help reps implement the new process.
- The timeline for rolling out the pilot program and continuing to enhance support for the standardized sales process throughout 2010.
The marketing and sales process - Jan 10 2016 versionBrian Groth
It's been a few months and I have improving my big sales process example, which includes marketing at the start and services at the end, since I believe a company should have the entire customer journey in mind when marketing, selling and servicing. Maybe one day I'll work in how product management and engineering overlays on this too.
This version now includes a few more details, but also suggestions as to where this document can guide an employee for more information, tools, content or training.
How to Create The Ultimate One Page Key Account PlanWarwick Brown
Strategic account planning is the secret to create value driven, long-term partnerships with your key accounts. But it doesn't have to be hard. In this video you'll learn a 7-step framework for creating bullet proof one page account plans for maximum impact in the minimum amount of time. Template and examples included.
Watch the free training video at https://youtu.be/AuAtY_2Ec-o
Account Manager Tips helps organisations deliver sustainable account growth by empowering account managers with the tools and mindset to succeed.
Learn more at https://accountmanager.tips
A Detailed Buyer / Customer Journey - 6-June-2018 versionBrian Groth
The process to bring a stranger with lead generation, through a sales process, to a repeat customer with customer success: Sales operations, sales enablement, sales process.
Product market fit is achieved by finding the successful intersection of product iteration, competition/market and go-to-market strategy. Finding product market fit (PMF), however, is hard when these three factors confound problem solving in the search for PMF.
Fortunately, competition tends to be roughly constant over the period in which a startup is solving for PMF. To control between product iteration and GTM, go-to-market can be broken into five sub-steps in any of which product changes are small enough not to confound. This allows GTM tactics and strategy to be tested and proven or disproven.
The five steps are first sale, founder sales, first sales person, sales leadership, scaling sales - each a distinct stage that can be tested and measured. There are metrics abound to measure sales performance, but many - including funnel conversion metrics, LTV and CAC - are fuzzy and imprecise in the early stages of a startup. What matters is whether a software business is adding adequate net new revenue per cash burned as measured by monthly increase in MRR per monthly net cash burned. Cash efficiency should go up at each successive go-to-market step.
The document discusses building market ready software products. It outlines the market readiness lifecycle which includes conceptualization, prototyping, development, testing, and ongoing feature builds. It also discusses what product owners, entrepreneurs, technologists, and business managers want from a market readiness perspective. Finally, it introduces the DevelopJET and BudgetQA propositions for achieving market readiness.
This presentation summarizes the services of The Logical Step LLC, an expert in direct-to-consumer marketing. It outlines their proprietary process for developing financial models, marketing concepts, and multi-channel distribution strategies. It highlights key clients and partners and how TLS generates revenue through their expertise in direct response techniques and analytics to measure campaign success. The presentation concludes by thanking the audience and providing contact information.
Fortune 500 - Global Sales Challenges SurveyAndyMoorhouse
Our recent Global Sales Challenges Survey highlights the biggest problems facing sales leaders today. One of them is the rise of procurement – but at a higher level, the problems with procurement stem from a lack of early executive engagement; ‘selling’ after the RFP has been received; and most importantly, the inability of the sales person to quantify their actual business value.
Fortune 500 performance on developing a ‘value calculator’ (value quantification tool) is the lowest scoring area in the survey.
The three biggest sales capability gaps can be summarised as:
1. Lack of early involvement (before the RFP) and influencing executive decision makers
2. Changing behaviour of sellers from information providers into value creators
3. Quantifying the value created and demonstrating a tangible ROI.
These high level challenges run across all Fortune 500 companies in the sample.
The marketing and sales process - Jan 10 2016 versionBrian Groth
It's been a few months and I have improving my big sales process example, which includes marketing at the start and services at the end, since I believe a company should have the entire customer journey in mind when marketing, selling and servicing. Maybe one day I'll work in how product management and engineering overlays on this too.
This version now includes a few more details, but also suggestions as to where this document can guide an employee for more information, tools, content or training.
How to Create The Ultimate One Page Key Account PlanWarwick Brown
Strategic account planning is the secret to create value driven, long-term partnerships with your key accounts. But it doesn't have to be hard. In this video you'll learn a 7-step framework for creating bullet proof one page account plans for maximum impact in the minimum amount of time. Template and examples included.
Watch the free training video at https://youtu.be/AuAtY_2Ec-o
Account Manager Tips helps organisations deliver sustainable account growth by empowering account managers with the tools and mindset to succeed.
Learn more at https://accountmanager.tips
A Detailed Buyer / Customer Journey - 6-June-2018 versionBrian Groth
The process to bring a stranger with lead generation, through a sales process, to a repeat customer with customer success: Sales operations, sales enablement, sales process.
Product market fit is achieved by finding the successful intersection of product iteration, competition/market and go-to-market strategy. Finding product market fit (PMF), however, is hard when these three factors confound problem solving in the search for PMF.
Fortunately, competition tends to be roughly constant over the period in which a startup is solving for PMF. To control between product iteration and GTM, go-to-market can be broken into five sub-steps in any of which product changes are small enough not to confound. This allows GTM tactics and strategy to be tested and proven or disproven.
The five steps are first sale, founder sales, first sales person, sales leadership, scaling sales - each a distinct stage that can be tested and measured. There are metrics abound to measure sales performance, but many - including funnel conversion metrics, LTV and CAC - are fuzzy and imprecise in the early stages of a startup. What matters is whether a software business is adding adequate net new revenue per cash burned as measured by monthly increase in MRR per monthly net cash burned. Cash efficiency should go up at each successive go-to-market step.
The document discusses building market ready software products. It outlines the market readiness lifecycle which includes conceptualization, prototyping, development, testing, and ongoing feature builds. It also discusses what product owners, entrepreneurs, technologists, and business managers want from a market readiness perspective. Finally, it introduces the DevelopJET and BudgetQA propositions for achieving market readiness.
This presentation summarizes the services of The Logical Step LLC, an expert in direct-to-consumer marketing. It outlines their proprietary process for developing financial models, marketing concepts, and multi-channel distribution strategies. It highlights key clients and partners and how TLS generates revenue through their expertise in direct response techniques and analytics to measure campaign success. The presentation concludes by thanking the audience and providing contact information.
Fortune 500 - Global Sales Challenges SurveyAndyMoorhouse
Our recent Global Sales Challenges Survey highlights the biggest problems facing sales leaders today. One of them is the rise of procurement – but at a higher level, the problems with procurement stem from a lack of early executive engagement; ‘selling’ after the RFP has been received; and most importantly, the inability of the sales person to quantify their actual business value.
Fortune 500 performance on developing a ‘value calculator’ (value quantification tool) is the lowest scoring area in the survey.
The three biggest sales capability gaps can be summarised as:
1. Lack of early involvement (before the RFP) and influencing executive decision makers
2. Changing behaviour of sellers from information providers into value creators
3. Quantifying the value created and demonstrating a tangible ROI.
These high level challenges run across all Fortune 500 companies in the sample.
Software Development Lifecycle for Agile Teams and Innovation ManagementThomas Zdon
A conceptual model to manage company-wide investments with rapid exit points for agile project development. The goal is to help firms overcome challenges to continuous innovation.
The document provides an overview of ABC Inc.'s five-step partnering process for business development. The steps include: 1) identifying strategic objectives for partnering; 2) developing a partnering plan; 3) selecting alliance partner targets; 4) contacting alliance partner targets; and 5) creating a proposal. Key aspects of each step are outlined, such as determining strategic needs and bargaining chips, selecting partners that meet certain criteria, and designing responsibility lists for contacting targets. The overall process aims to help ABC Inc. effectively identify and negotiate partnering arrangements that meet strategic objectives.
This document discusses the role and responsibilities of an Account Manager. An Account Manager is responsible for maintaining an ongoing relationship between a customer and supplier to maximize benefits for both parties. They serve as the primary point of contact and are responsible for overall customer satisfaction. Key responsibilities include possessing expert knowledge of the customer's business and needs, providing excellent customer service, managing project teams, and pursuing new business opportunities. Global Account Managers also require cultural awareness to navigate varying expectations internationally.
Tackling a new market or trying to break into an industry? Strategy defines destiny. Get your go-to-market strategy going with killer tips and detailed advice from Arcadier Head of Strategy, June Boo.
AIESEC UK 2013.14 Creating a Sales Strategy for IT Nicola Wilson
The document discusses developing a sales strategy focused on IT sales. It recommends choosing specific IT markets and company needs to target. The strategy involves defining job descriptions, skill requirements, and supply countries. It emphasizes prospecting on LinkedIn, calling companies, and attending tech meetups. The strategy advises being intensive in follow up using Podio, handling objections, and getting referrals. An IT prospecting challenge is presented to prospect 700 companies, contact 500, secure 50 meetings, and get 10 raises over 4 weeks.
This document discusses the importance of sales strategy and how to effectively implement a sales strategy through a sales scorecard. It provides examples of how AstraZeneca successfully implemented a sales strategy and scorecard that helped achieve breakthrough performance. A key point is that a sales strategy needs to be translated into specific, measurable objectives and tied to performance management in order to properly align the sales force and ensure the strategy is executed. A sales scorecard system linked to objectives across customer, financial, internal process, and learning/growth perspectives can help sales management implement and track performance against the overall sales strategy.
This document provides an overview of an integrated go-to-market approach for B2B product and service providers focused on customer acquisition and retention. It outlines elements of the approach including a go-to-market readiness assessment, an integrated planning and operating model, and a value framework. The integrated planning and operating model addresses key challenges through collaboration, planning, execution, reporting and leadership. The value framework helps clearly define value drivers, differentiators, and customer value to guide marketing and sales.
This document discusses strategies for starting a business and creating a business plan, with a focus on web startups in India. It covers identifying a business idea and target market, developing a revenue model, assembling a team, drafting the key components of a business plan, obtaining funding at different stages, and considerations for web startups such as monetization and usability. The document also introduces MBAforALL, described as India's only knowledge network for MBA students and professionals, combining social networking and professional resources.
Chapter 1 sales management strategy sales and distribution managementIndrasen Shahi
This document discusses sales management strategies and the role of sales managers. It covers the definition of sales management, the importance of relationship-based selling, steps for designing and managing a sales force, duties and responsibilities of sales managers, and tips for sales manager success. Key aspects include planning, directing, motivating and evaluating personal selling teams; developing positive customer relationships; and organizing sales activities to meet company objectives and standards.
Erickson School Presentation Recrutiment 09 07tgord2000
The document outlines a 6 step process for sourcing, hiring, and retaining sales talent:
1) Create a database to track leads and sales talent.
2) Source leads through referrals, advertising, and other methods.
3) Qualify leads by assessing skills, experience, salary needs, and using tools like interviews and tests.
4) Interview qualified leads using a three-tier process to thoroughly evaluate fit.
5) Make hiring decisions and onboard new talent or provide feedback to rejected candidates.
6) Retain top performers by setting expectations, providing feedback, and holding sales professionals accountable.
14 steps to build a professional reseller partner programDaniel Nilsson
Learn how to sell and promote your product / solution efficiently through a reseller partner network. The presentation gives you 14 detailed steps on how to build your own professional reseller partner program including tips and tools.
I created this presentation after doing extensive research on how to create professional partner programs. The data I have reviewed are from marketing experts, Gartner, reports, vendors and my own personal experience building several global partner programs.
The purpose of the presentation is to share my conclusions on how to build a successful partner program that works for any type of organization.
Please feel welcome to share your thoughts, insights or comments. I love feedback. You can send an email to info@daniel-one.com or visit my webpage www.daniel-one.com. I look forward to hear from you.
Some pictures can be a bit blurry when you view the presentation directly from the web. To see a high quality version of the presentation simply download it. If you have any questions please don't hesitate to contact me at www.daniel-one.com
The document discusses a company that helps other organizations develop and deploy channel programs to sell specialized technology solutions through partners, outlining their capabilities which include channel program development, sales leadership, product development, and portfolio management to build new or optimize existing channel strategies and programs. It provides an example of how they assisted a unified communications organization in developing a new resale channel program to identify enterprise customers.
The document discusses various processes for vendor management. It outlines determining a company's requirements, searching for appropriate vendors, selecting a vendor operating model, creating a 30-60-90 plan, conducting negotiations and strategic planning, evaluating vendors using a matrix, selecting vendors through a defined process, establishing a vendor selection timeline, and classifying vendors. The overall document provides guidance on effectively managing external vendors.
Adaptive Go-To-Market Plan for a Business DNA Search Engine: VisionaryD SoftwareRod King, Ph.D.
The document presents VisionaryD, a proposed business DNA search engine and collaboration platform. It would allow users to search for, organize, and sell business DNA information to rapidly improve business model agility. The strategic plan outlines developing the platform in stages from idea to prototype to pilot to full scale. It also details VisionaryD's customer development strategy of growing from direct competitors to indirect competitors to non-competitors/complementors. The goal is to help users search for and organize business DNA information to simplify business processes.
A strategic view of service provider relationships: How to realise value in c...3gamma
Today’s CIOs view IT outsourcing as a strategic tool and no longer only as a means for cost-takeout. 3gamma’s research shows that a majority of IT organisations already have, or are in the process of, entering into second and third generation outsourcing deals. However, to leverage the benefits of specialised capabilities, it is crucial to nurture and manage positive and mutually beneficial relationships. To do this, IT organisations need to take a strategic view on the vendor. They need to identify selected strategic vendor relationships and invest in these to ensure operational efficiency and long-term strategic alignment.
This document discusses the need for co-innovation between customers and suppliers to create optimal solutions. It outlines that customer expectations have expanded beyond just products to consider whole solutions. Relationship structures are more complex with ecosystems replacing supply chains. There is a high need for agility given uncertainty. The document recommends focusing on customer requirements rather than product features through co-innovation. It provides tools for market-driven innovation including defining value, conducting market research, and translating customer input into requirements and specifications.
Concept Development is the starting point for a new business idea where the type of product or service, target customer, and unique value proposition are defined. It results in a portfolio of concepts that can be prioritized and developed into business plans. Concept Development is part of the fuzzy front end of innovation where an idea is formed and resources are allocated. The template provided guides the documentation of the concept name, target market, problem solved, product solution, value proposition, risks, and opportunity assessment.
3 Creative Ways Marketers Can Enable Sales Teams Across RegionsG3 Communications
When you ask salespeople what they need from marketing, ten out of ten will tell you that they need high-quality leads. Lead generation is important, that is a given. But there are other ways to help your sales teams. Pam Didner, author of Global Content Marketing and B2B marketing consultant, will help you look at your inbound and outbound marketing communications holistically and identify ways to scale marketing support across regions to your sales teams.
Software Development Lifecycle for Agile Teams and Innovation ManagementThomas Zdon
A conceptual model to manage company-wide investments with rapid exit points for agile project development. The goal is to help firms overcome challenges to continuous innovation.
The document provides an overview of ABC Inc.'s five-step partnering process for business development. The steps include: 1) identifying strategic objectives for partnering; 2) developing a partnering plan; 3) selecting alliance partner targets; 4) contacting alliance partner targets; and 5) creating a proposal. Key aspects of each step are outlined, such as determining strategic needs and bargaining chips, selecting partners that meet certain criteria, and designing responsibility lists for contacting targets. The overall process aims to help ABC Inc. effectively identify and negotiate partnering arrangements that meet strategic objectives.
This document discusses the role and responsibilities of an Account Manager. An Account Manager is responsible for maintaining an ongoing relationship between a customer and supplier to maximize benefits for both parties. They serve as the primary point of contact and are responsible for overall customer satisfaction. Key responsibilities include possessing expert knowledge of the customer's business and needs, providing excellent customer service, managing project teams, and pursuing new business opportunities. Global Account Managers also require cultural awareness to navigate varying expectations internationally.
Tackling a new market or trying to break into an industry? Strategy defines destiny. Get your go-to-market strategy going with killer tips and detailed advice from Arcadier Head of Strategy, June Boo.
AIESEC UK 2013.14 Creating a Sales Strategy for IT Nicola Wilson
The document discusses developing a sales strategy focused on IT sales. It recommends choosing specific IT markets and company needs to target. The strategy involves defining job descriptions, skill requirements, and supply countries. It emphasizes prospecting on LinkedIn, calling companies, and attending tech meetups. The strategy advises being intensive in follow up using Podio, handling objections, and getting referrals. An IT prospecting challenge is presented to prospect 700 companies, contact 500, secure 50 meetings, and get 10 raises over 4 weeks.
This document discusses the importance of sales strategy and how to effectively implement a sales strategy through a sales scorecard. It provides examples of how AstraZeneca successfully implemented a sales strategy and scorecard that helped achieve breakthrough performance. A key point is that a sales strategy needs to be translated into specific, measurable objectives and tied to performance management in order to properly align the sales force and ensure the strategy is executed. A sales scorecard system linked to objectives across customer, financial, internal process, and learning/growth perspectives can help sales management implement and track performance against the overall sales strategy.
This document provides an overview of an integrated go-to-market approach for B2B product and service providers focused on customer acquisition and retention. It outlines elements of the approach including a go-to-market readiness assessment, an integrated planning and operating model, and a value framework. The integrated planning and operating model addresses key challenges through collaboration, planning, execution, reporting and leadership. The value framework helps clearly define value drivers, differentiators, and customer value to guide marketing and sales.
This document discusses strategies for starting a business and creating a business plan, with a focus on web startups in India. It covers identifying a business idea and target market, developing a revenue model, assembling a team, drafting the key components of a business plan, obtaining funding at different stages, and considerations for web startups such as monetization and usability. The document also introduces MBAforALL, described as India's only knowledge network for MBA students and professionals, combining social networking and professional resources.
Chapter 1 sales management strategy sales and distribution managementIndrasen Shahi
This document discusses sales management strategies and the role of sales managers. It covers the definition of sales management, the importance of relationship-based selling, steps for designing and managing a sales force, duties and responsibilities of sales managers, and tips for sales manager success. Key aspects include planning, directing, motivating and evaluating personal selling teams; developing positive customer relationships; and organizing sales activities to meet company objectives and standards.
Erickson School Presentation Recrutiment 09 07tgord2000
The document outlines a 6 step process for sourcing, hiring, and retaining sales talent:
1) Create a database to track leads and sales talent.
2) Source leads through referrals, advertising, and other methods.
3) Qualify leads by assessing skills, experience, salary needs, and using tools like interviews and tests.
4) Interview qualified leads using a three-tier process to thoroughly evaluate fit.
5) Make hiring decisions and onboard new talent or provide feedback to rejected candidates.
6) Retain top performers by setting expectations, providing feedback, and holding sales professionals accountable.
14 steps to build a professional reseller partner programDaniel Nilsson
Learn how to sell and promote your product / solution efficiently through a reseller partner network. The presentation gives you 14 detailed steps on how to build your own professional reseller partner program including tips and tools.
I created this presentation after doing extensive research on how to create professional partner programs. The data I have reviewed are from marketing experts, Gartner, reports, vendors and my own personal experience building several global partner programs.
The purpose of the presentation is to share my conclusions on how to build a successful partner program that works for any type of organization.
Please feel welcome to share your thoughts, insights or comments. I love feedback. You can send an email to info@daniel-one.com or visit my webpage www.daniel-one.com. I look forward to hear from you.
Some pictures can be a bit blurry when you view the presentation directly from the web. To see a high quality version of the presentation simply download it. If you have any questions please don't hesitate to contact me at www.daniel-one.com
The document discusses a company that helps other organizations develop and deploy channel programs to sell specialized technology solutions through partners, outlining their capabilities which include channel program development, sales leadership, product development, and portfolio management to build new or optimize existing channel strategies and programs. It provides an example of how they assisted a unified communications organization in developing a new resale channel program to identify enterprise customers.
The document discusses various processes for vendor management. It outlines determining a company's requirements, searching for appropriate vendors, selecting a vendor operating model, creating a 30-60-90 plan, conducting negotiations and strategic planning, evaluating vendors using a matrix, selecting vendors through a defined process, establishing a vendor selection timeline, and classifying vendors. The overall document provides guidance on effectively managing external vendors.
Adaptive Go-To-Market Plan for a Business DNA Search Engine: VisionaryD SoftwareRod King, Ph.D.
The document presents VisionaryD, a proposed business DNA search engine and collaboration platform. It would allow users to search for, organize, and sell business DNA information to rapidly improve business model agility. The strategic plan outlines developing the platform in stages from idea to prototype to pilot to full scale. It also details VisionaryD's customer development strategy of growing from direct competitors to indirect competitors to non-competitors/complementors. The goal is to help users search for and organize business DNA information to simplify business processes.
A strategic view of service provider relationships: How to realise value in c...3gamma
Today’s CIOs view IT outsourcing as a strategic tool and no longer only as a means for cost-takeout. 3gamma’s research shows that a majority of IT organisations already have, or are in the process of, entering into second and third generation outsourcing deals. However, to leverage the benefits of specialised capabilities, it is crucial to nurture and manage positive and mutually beneficial relationships. To do this, IT organisations need to take a strategic view on the vendor. They need to identify selected strategic vendor relationships and invest in these to ensure operational efficiency and long-term strategic alignment.
This document discusses the need for co-innovation between customers and suppliers to create optimal solutions. It outlines that customer expectations have expanded beyond just products to consider whole solutions. Relationship structures are more complex with ecosystems replacing supply chains. There is a high need for agility given uncertainty. The document recommends focusing on customer requirements rather than product features through co-innovation. It provides tools for market-driven innovation including defining value, conducting market research, and translating customer input into requirements and specifications.
Concept Development is the starting point for a new business idea where the type of product or service, target customer, and unique value proposition are defined. It results in a portfolio of concepts that can be prioritized and developed into business plans. Concept Development is part of the fuzzy front end of innovation where an idea is formed and resources are allocated. The template provided guides the documentation of the concept name, target market, problem solved, product solution, value proposition, risks, and opportunity assessment.
3 Creative Ways Marketers Can Enable Sales Teams Across RegionsG3 Communications
When you ask salespeople what they need from marketing, ten out of ten will tell you that they need high-quality leads. Lead generation is important, that is a given. But there are other ways to help your sales teams. Pam Didner, author of Global Content Marketing and B2B marketing consultant, will help you look at your inbound and outbound marketing communications holistically and identify ways to scale marketing support across regions to your sales teams.
This document provides an overview of using Dynamics CRM for sales and marketing activities. It discusses lead generation sources and stages from suspect to opportunity. Key topics covered include qualifying leads, nurturing prospects, reopening disqualified leads, creating contacts, accounts, and opportunities. The sales process, CRM data entry expectations, and types of reporting are also summarized. The presentation aims to teach how Dynamics CRM can be used to develop pipelines, track progress, and improve decision making.
The document outlines an agenda for a two-day training program on selling to the boardroom and C-suite level. Key topics covered include revisiting the sales process from a boardroom perspective, understanding decision making units and purchasing processes at the C-suite level, defining roles and responsibilities in the sales process, and setting key performance indicators. The training will also cover developing C-suite presentations and calls, understanding buying drivers, and packaging solutions to meet customer needs and provide benefits rather than just features.
Acting Like a Top 25 Salesforce ISV: Designing the Seller's Journey for the ...CodeScience
Designing a buyer’s trial experience that converts to sales requires tight coordination between your Marketing, Sales, and Support teams. Top 25 ISVs focus on their seller’s journey within the trial experience to increase conversion results.
In our latest webinar of the Acting Like a Top 25 Salesforce ISV series, CodeScience CRO, Sean Hogan, is joined by Craig Rosenberg, Co-Founder and Chief Analyst at TOPO, to discuss how to design a rock-solid seller’s journey.
As competition grows, written business proposals are getting more and more complicated and become critical to small and mid sized business. However, they don't want to spend on a professional Bid & Proposal Management structure.
This document highlights the main Bid & Proposal Management challenges for SMEs, as well as showing how a mature process helps companies winning more bids and more profitable business.
360insights' Webinar: 8 Essentials for a Successful MDF & Co-Op Marketing Pro...360insights
How can we as incentive program managers increase channel satisfaction with our MDF and Co-Op marketing efforts? Diane Krakora, CEO of Partner Path and 360insights' VP of Alliances, Steven Kellam recently got together to shed light on this very topic. We had so many questions that the webinar went quite a bit over its allotted time window, but that's good – it shows that channel marketing professionals are engaged. They want to know more, and they want to do better work. You can watch the replay of the webinar in its entirety by searching for the blog post on our site of the same name as this deck.
Cross-Sell and Upsell Strategies in the ChanneleCoast
Laz Gonzalez from SiriusDecisions and Juliann Grant from eCoast Marketing discuss the key factors in implementing successful cross selling campaigns in the channel. Suppliers want to expand their footprint within their reseller client bases and capture new market share. Meeting growth targets from indirect channels can be challenging, since many resellers are not exclusive and represent multiple suppliers to best compete in the market.
The Government Technology & Services Coalition (GTSC) and its Emerging Small Business Group on December 16 hosted a session for small companies to learn about business development in the Federal sector. Our presenter, Tony Sacco was Vice President of SAIC and has over 40 years of experience in business development, IT systems development, integration and operations. Topics included:
>>Introduction to the BD lifecycle from a small business perspective
>>Challenges and opportunities in each phase
>>Strategies and techniques to be successful at BD
About the GTSC Emerging Small Business Group
The Emerging Small Business Group is open to GTSC members with revenue <$2.5 million. It will focus on understanding the numerous challenges of starting/growing a small business in the Federal space and marshaling GTSC’s vast resources of peers, owners, mentors, subject matter experts and online virtual tools to provide our emerging small business members the knowledge and techniques they need to meet the challenges of growing a business.
Chair: Elaine Kapetanakis, CEO, Kapstone Technologies
APMP Certification for IT ProfessionalsAshraf Fouad
This presentation is about why some IT professionals should consider APMP certification. It shows some important topics from certification. Relation to Scrum. Difference to other procurement certifications.
Target Audience:
Account manager, sales manager, bid manager, proposal manager, bid manager, IT Architect.
The project manager's survival guide to bids, tenders and proposals
presented by David Warley
Thursday 26th November 2015
APM Contracts and Procurement Specific Interest Group (SIG)
Professional distributor management mcsm services webinar - 2013-11-27MCSM-Academy
Professional Distributor Management is a critical success factor for companies growing their sales internationally through a network of international trade partners like distributors, importers or agents (manufacturer's representatives)
www.mcsmservices.com
"Over 50% of acquisitions had prior partnership relationships!"
Whether you are seeking to be acquired or to partner for revenue growth, the process is similar, a Partnering Process.
Better to be approached to be bought than to actively sell your company.
How do you do it?
Want to grow the 'Strategic Value' of your business?
Learn how to Increase your: ● Attractiveness ● Potential ● Revenue growth
While increasing your shareholder value!
This document provides guidance to sales representatives on strategically guiding customers through the buying journey. It outlines 9 key stages: 1) building need, 2) discovery, 3) consideration, 4) decision, 5) purchase, 6) delivery, 7) usage, 8) retention, and 9) advocacy. For each stage, it provides example messaging, qualifying criteria, success metrics, sales tools, and instructions for updating the CRM with stage-specific details to help reps effectively engage customers and maximize deal conversion and renewal rates. The goal is to align marketing and sales processes to optimize the customer experience at each step of the buying cycle.
Retail Solutions Assessment and QualificationColin McCarten
This document discusses successful information exchange and assessment between an organization and a vendor. It includes:
1. A diagram showing the sales and delivery cycle with 7 stages from engaging contacts to delivering solutions.
2. Information on qualifying opportunities by determining if the business will pursue it, required resources, and aligning capabilities. Further assessment determines how solutions will work in practice.
3. Details on gathering data during assessment, including identifying stakeholders, understanding current and desired states, and the value of gaps.
4. A diagram of an assessment model outlining engagement details, who is involved, current and desired states, and value of gaps.
The Power of Discovery for Increasing Win RatesMike Kunkle
This is the webinar I delivered on 11/08/2017 on how to conduct a highly-effective consultative discovery to improve sales effectiveness and win rates.
Pick Your Battles - Your Bullseye Target CustomerDonagh Kiernan
You can't win them all, but which customers should you focus on?
Too many companies are afraid to focus on one customer type in case they miss out on opportunities. This "blanding" or diluting down of your message to please a wider audience is stopping you from attracting the best customers for your business.
Your message is not speaking clearly to your Bullseye Target Customers.
Your Bullseye Target Customers don't recognise that your solution is the best option for them.
How much marketing money and effort are you wasting in attracting non-ideal low-probability leads into your pipeline?
● Imagine your pipeline full of ideal customers, Bullseye Target Customers.
● Companies that value your proposition most OR will pay most for your solution?
● AND with whom you beat the Competition?
Remove the noise from your pipeline!
Do you have a clear Qualification Criteria to prioritise the leads in your pipeline, to filter those that you should be spending time on?
Want to understand how your business will benefit very quickly from having a clear customer focus?
Interested in learning more about identifying your Bullseye Target Customer and the Tenego methodology?
2. Welcome
Introduction and Background
Sales Steps Process Overview
Lunch
Oracle CRM On Demand (SOD) Demo / Q&A
Expectations
Wrap-up
2
3. First, some background …
Goal of new sales standardization group
Determine how we can help you be
more productive
Conducted sales force surveys
Input from regions is driving:
Sales process improvements
Better alignment between
marketing tools and sales activities
Better alignment of sales activities
with the sales funnel
This is the pilot session
Program to be rolled out
throughout 2010
3
4. “One” Kodak
Many perspectives and processes in our organization
Need a common language and common tools
to be productive and effective
You and Kodak both benefit
4
5. Challenges with Current Process
Too much time spent with prospects that don’t buy
When competitors arrive first, probability of success shrinks
Prospects stall while reps search for tools, support
Credit problems end some successful sales
5
Can become
a labyrinth of
dead ends
6. Benefits to You of Standardized Process
Helps you cross-sell solutions
that are outside your area of
expertise
Enables you to
break out of dead ends
6
Better collaboration
with manager
Expanded use
of SOD
Truly align with what you do
Make it easier to use SOD
Standard process
I N C R E A S E D
S A L E S
Coaching
New tools
7. Benefits to You of Standardized Process
7
I N C R E A S E D
S A L E S
Common language
Clearer rules for moving forward
Tools, support that are aligned
with steps of sale
More sales time
Increased time with
best prospects
Greater sales
8. Benefits to Kodak
More effective selling
Greater sales productivity
Improved communication, clearer expectations
Improved forecasting, cash flow
8
I N C R E A S E D
R E V E N U E
10. Standardized Steps of Sale
Suspect
Qualify
Closing
Close Win/Loss
Needs Analysis
Solutions Development & ROI
Demonstrate / Benchmark
Proposal / Negotiation
At Each Step
Earn the right
to advance
Qualify and gain
agreement to move
forward
Close for the
next step
11. Definitions – No Changes in Current Colors
11
Suspect
Qualify
Closing
Close Win/Loss
Needs Analysis
Solutions Development & ROI
Demonstrate / Benchmark
Proposal / Negotiation
30/30
60/60
90/90
12. 9/19/2015
Sales Funnel Process
B2B Customer
Purchasing Process
30, 60 or 90% Sales Reps’ Judgment
Insights:
Example: 90/30 = Customer has decided to purchase but is likely to buy from a competitor.
Customer may be using Kodak as a way to negotiate better pricing from our competitor.
Example: 90/60 = Customer has decided to purchase a solution but there is likely strong competition
and the sale could go either way. Likely will come down to price.
Example: 90/90 = Customer is ready to buy from Kodak
Example: 30/90 = Customer is in the early stages of a purchasing decision.
Likely a long time loyal Kodak customer who will purchase from Kodak when they are ready.
Probability to Purchase
Kodak Step of Sale
Combined with
PtP Kodak
Awareness Evaluation Negotiation Purchase
30% 60% 90% 100% / 0%
Suspect
Qualify
Needs Analysis
Solution Dev
Proposal/Demo
Negotiate
Close
Closed Won
/ Lost
13. Key Funnel Metrics
Forecast Accuracy:
Actual / Forecast Bookings
Funnel Value:
Value by opportunities
by opportunity type (Par Bar)
Arrival Rate:
# of new deals entering funnel /
Total Deals Won & Lost
Conversion Rate:
Deals Won / Total Deals
Won & Lost
Funnel Velocity:
Total # of days in funnel
Avg # of days spent in steps of sale
Funnel Potential Attainment
(YTD Actual + Funnel Value) / Annual Goal
13
Reporting Dimensions:
For metrics to drive behavior, they must be
bottom up:
• Sales Rep
• Sales Manager (District, Country, Segment)
• SPG
• Region
• Global
Current State of Metrics
Metric US&C LAR EAMER APR
Forecast Accuracy
Funnel Value
Arrival Rate
Conversion Rate
Velocity
Funnel Potential Attainment
14. How Suspects Enter the Funnel
14
MARKETING
• Trade show
• Demand gen
• Road show
• Integrated
campaign
• PURLs
• Direct mail
YOU
•Cold call
•Existing relationship
OTHER
• Reseller
• Inquiry to www.kodak.com
• Other Kodak reps
15. Suspect
15
1
The world of customers, defined by the Kodak SPG
Lead identified
Determine / verify
customer segment
Convert lead
2
• Valid lead
• Bogus lead
• No business need
• No match to Kodak’s
applications profile
Recommended activities:
16. Qualify
16
The beginning of a meaningful conversation.
Find the right people who match the customer profile.
2
Determine customer’s
credit worthiness
State business problem
Determine decision makers
and influencers
Initial deal valuation
Document installation timeline
Start Letter of Understanding
(LoU)
Build account plan
Determine if customer has
budget for project
Determine if customer has
done this before
Recommended activities:
3
• Credit-worthiness established
• Project timeline is well within
funnel timeline
• Good alignment with Kodak’s
applications, solutions
• Compelling event / business
need that makes customer likely
to buy
• Not credit worthy
• Project length exceeds
funnel timeline
• Indirect channel can better
meet customer need, ie due
to project length
17. Needs Analysis
Opportunity qualified. Determine explicit needs and position
in the direction that favors Kodak.
3
Document specific applications
requested
Interview critical stakeholders
Understand customer decision
process
Refine the Letter of
Understanding
Document workflow analysis
Re-affirm installation timeline
Build account plan
Determine if customer has
budget for project
17
Recommended activities:
4
• Kodak is well-positioned to meet
all customer needs
• Customer has budget to meet
their needs
• All players identified, on both sides
• Customer agrees to move forward
• Kodak can’t meet customer’s
application needs
• Customer does not have
budget to meet their needs
! Discuss budget or solutions
alternatives with your manager
18. Solutions Development & ROI
18
Craft value proposition. Verify with customer.
4
Develop value proposition
Promote Kodak differentiators
Develop quote (list price)
Calculate ROI and TCO
Confirm solution with customer
Review terms and conditions
Schedule demo
5
• Positive ROI
• Customer finds value in
Kodak’s value proposition
• ROI analysis is negative
• Customer does not find value
in Kodak’s value proposition
! Discuss path forward
with your manager
Recommended activities:
19. Demonstrate / Benchmark
19
Demonstrate proof of concept. Complete reference contacts.
5
Demonstration and/or
benchmark
Schedule VIP demo
Schedule reference visit at
customer site
Develop next LoU;
confirmation of proof of
concept
Recommended activities:
6
• Customer requirements
met
• Did not meet customer
requirements
• Competition’s solution
perceived to have greater value
! Discuss next steps
with your manager
20. Proposal / Negotiation
20
Identify critical success factors. Gain agreement for
committed resources.
6
Proposal review
Confirm customer budget
Re-affirm credit approval
Confirm finance options
Document terms and
conditions
Seek technical support
specialist approval
Confirm gross order intake
Recommended activities:
7
• Customer is approved for credit
• Pricing looks good to both parties
• Kodak and customer agree
• Customer can’t be credit-
approved
• Customer is looking for
below-floor pricing
• Kodak and customer can’t agree
21. 7Closing
21
Confirmation from the decision maker. Contract signed.
Gain customer agreement of
Kodak as vendor
Schedule project kickoff
meeting
Terms and conditions
complete
Contracts signed
Confirm finances are in place
8
• Customer chooses Kodak
• Kodak is well-positioned to meet
all customer needs
• Customer has budget to meet
their needs
• Timeframe has changed
• Customer prefers competitive
proposal
• Something changed in
customer’s business
Recommended activities:
22. Close Win/Loss
22
Order completed.
8
All documentation received
and order booked
OR
Order lost
• Deal closed and order booked
• Customer abandoned the deal
• Customer chose competitive
solution
24. Changing for the Better
24
New process job aids
SOD improvements
New support tools
25. New Job Aids In Development
25
Proposal template
Standard Letter of Understanding
Brief and action-oriented
Statement of reasons why customer is making a change
Summary of past and planned actions
Your recommendation
Timeframe for next contact
Updated throughout sales steps
31. More to Come …
We are evaluating:
Sales methodology training
In the works:
Back office support
Sales Information Portal improvements
Alignment of marketing tools to
steps of sale
31
32. What is Sales Methodology?
Account Management
Managing relationships
Enabling the sale of multiple Kodak products
Conceptual and Strategic Selling
Holistic customer perspective, value selling and solution development
Coaching
Sales management coaching throughout the sales step process
SOD Tools
Simpler interfaces and flexible reports that drive actions
32
Common methodology and customer approach
drive higher effectivity, greater margins and
improved forecasting
33. Back Office Support
Provided by Infosys
Objectives
Provide account profiles for new customers, update existing profiles
Format and update sales presentations
Assemble collaterals as requested by sales reps
Validate the quality of leads using Kodak’s qualification parameters
Help with SOD, SIP, TPP, etc.
Free you from office tasks so you can focus on face to face selling time
Improve consistency of customer communications
33
34. Back Office Support
34
• Detailed company profiles including
• Key stakeholders, SWOT analysis, product segments etc.
• Credit checks and analysis
• Industry Research, Competitive landscaping
• Presentation/ Pitchbook support (standardized templates,
formatting, first cut presentation content)
• Financial Analysis (ROI, TCO calculation)
• Tools/ Applications support (data entry, updation & maintenance)
• Enriching playbook content
• Bid Management support
• Key Metrics Reporting (Management Dashboards,
Performance Reporting)
• Order booking support
Conduct SSM interviews
35. Improvements to SIP
Removal of obsolete contents
Content aligned by sales process steps
Custom-designed newsletter
Objectives
Minimize time spent searching for tools
Enable you to move faster through steps of sale
35
36. Alignment of Marketing Content
36
Categorizing
marketing content
according to steps of
sale, so you know
what to use when
37. Mapping Sales Tools to Sales Process
37
INTEREST
PR articles
Blog entries
IQ samples
Kodak corporate overview
www.kodak.com
Sales training (LMS)
Sales process guide
Suspect engagement script
(current and new)
Customer application
presentation
Suspect
Qualify
38. Mapping Sales Tools to Sales Process
38
DEVELOPMENT
Discovery questions
Survey / questionnaires
TCO & ROI calculators
Solutions development
prompter
Letter of Understanding, (LoU)
form
Applications workflow diagram
Product marketing guide
Competitive playbook
Preliminary solutions test
(ROI and soft savings vs.
goals/problems)
Needs Analysis
Sol’ns Dev., ROI
39. Mapping Sales Tools to Sales Process
39
COMMITMENT
VIP demo process
Benchmark sample process
Demo video / animation
Customer testimonial (video or
document)
White paper
TCO & ROI calculators
Product awards, (PIRA …etc.)
Proposal template
Data sheet & brochure
Segment / solution brochure
Article reprints
Price escalation process
Demo, Benchmark
Proposal, Negotiation
Closing
Close: Win/Loss
41. Timeline
41
OCTOBER NOVEMBER DECEMBER
Start
DPS Pilot
Sales tools, job aids and delivery model
Marketing support content alignment
Regional
Kick-off
Q1 ‘10
Back office Support
Phase – 10/30
Marketing Content Alignment
Additional Background
Kodak leadership wants one sales steps process for the company to better sell multiple-solutions to customers
Sales representatives need both a standard sales step process and more marketing support aligned with the process
From Kodak’s perspective, streamlining the sales process is a matter of tremendous strategic importance. Sales step standardization is consistent with Kodak’s stated intent to streamline the company, and is vital to helping us meet our corporate goals.
Corporation is moving to “One Kodak”
Acquisitions & recruiting from other companies yields a variety of perspectives on sales processes
Standardizing sales step processes benefits both sales reps & the company
Common language
Improved marketing support
etc
I’m sure you would all agree that our current 6-month+ sales process can become a labyrinth of dead ends.
Many hours are spent with a prospect that does not buy
If a competitor arrives first, the probability of Kodak’s success in closing a deal shrinks
Too many prospects stall as you search for tools/support
Some successful sales end with a credit problem
The benefits to you from standardizing the sales process are substantial:
Common sales step process = common language throughout Kodak to support sales
Marketing & sales tools align with sales steps
More focused support to solve a prospect’s business problems
Improved Siebel On-Demand training and better tools to utilize the system
OOD morphs from being a problem to becoming an asset
Sales Manager as Coach
Improved communications & expectations at each sales step
Increased sales
Combination of standard process, coaching & new tools improve sales effectivity and productivity
Common language
With manager, other Kodak reps
Here’s what it boils down to:
A common collaboration language, to help you communicate with your manager and other Kodak reps
Clearer rules for moving forward
Activity-based process
Tools, support that are aligned with steps of sale
More information in a timely manner
More sales time
Back-office support, other improvements
Increased time with best prospects
Less time with weak prospects
Greater sales
Higher commissions
Kodak also benefits from …
Higher sales effectivity
Standard sales steps process focuses on prospects with higher probability of buying from Kodak
Greater sales productivity
By concentrating on higher probability prospects, the number of closes and orders increase
Enhanced collaboration between managers and sales representatives
Emphasis on coaching improves communications & expectations
Improved forecasts
More sales with less inventory increases cash flow
ULTIMATE GOAL: To drive revenue to its full potential as One Kodak.
SECTION II: SALES STEPS PROCESS OVERVIEW
Overall goal of our solution:
A refined and standardized Sales Step Process across product categories and regions
Consistent, standardized marketing support for opportunity management, delivered in an easy-to-use model for the sales force
Identify 8 steps of sale.
Ask audience how suspects enter the funnel…
(Slide builds)
(Position this next section within the context that doesn’t offend the audience, e.g.
All sales cycles are different
Not all the items on the checklists you’ll see on the following slides are relevant.
You may already be doing all these things.
The important thing to understand is that the activities you see on these slides should be happening within the particular step of sale … not anywhere else.)
At this stage, it’s important to gather critical data, including an understanding of the competition’s position.
Pre-sales support should be engaged, and all players identified for both Kodak and customer.
Customer needs and Kodak’s initial position should be communicated through a Letter of Understanding.
Transition slide
Now that we’ve outlined the steps of sale, an important part of this process will be tracking our success. The place to do that is Siebel OnDemand.
SECTION III: SALES STEP PROCESS JOB AIDS
(use this slide to discuss which job aids reps actually use)
SECTION IV: DEMO
SECTION V: Expectations
100+ Americas sales representatives and managers will test a new sales methodology, beginning in January
Specific goals on improved sales productivity and effectiveness
If the methodology meets or exceeds goals, a global roll-out is planned in late 2010/early 2011
The piloted sales methodology will utilize the Kodak sales steps process. Utilizing it now will help if the new methodology expands.
Beginning October 12, 2 back-office persons from the vendor will be assigned to AMERCAS and EAMER – 4 in total. They will begin being trained by each region on how to help you during this pilot.
Mention that 120 times a day, someone is visiting SIP.
SECTION VI: WORKSHOP, where reps work live with their PCs