SlideShare a Scribd company logo
Smart Sales Strategies
for Exceeding Your Quota
- Slideshare Edition -"
Welcome
  Your Presenter:"
  Deb Brown"
  Practice focus:"
  Sales coaching"
  Sales training"
  Clients include:"
  Small businesses"
  Growing companies"
  Fortune 500"
Our Services
  Training and coaching for sales
professionals and sales teams."
  Rooted in our 4-step methodology."
  Proven results for business owners and
sales teams from small companies to the
Fortune 500."
Our Services
Learn more at:
www.DebBrownSales.com"
Our Services
  Applied leadership and sales approach."
  Sell in a way that aligns with your values."
  Dynamic and holistic approach based on the
example of Jesus of Nazareth."
  Sales training & coaching integrated with
leadership development."
Our Services
Learn more at:
www.SellLikeJesus.com"
Today’s Agenda
  Planning for Quota"
  Building Your Funnel"
  Managing Opportunities"
  Additional Ways to Find Opportunities"
  Prior Prospects"
  Current & Past Customers"
  Engaging Your Pipeline"
  Key Takeaways"
Planning
for Quota
Planning for Quota
  Don’t just live with your quota"
  Many sales professionals let their quota
drive them, rather than driving it"
  Planning for quota means thinking
strategically about how you can meet or
exceed your quota goals"
  Focus on process to gain ground"
Planning for Quota
  Two common sales approaches:"
  Reactive "
  Focused only on closing deals"
  Find the low-hanging fruit "
  Harvest, harvest, harvest – but no seed
planting"
  Brute Force"
  Close everyone, all the time "
  Regardless of where in the sales cycle"
Planning for Quota
  Planning for quota with a
systematic process"
  Define your funnel"
  Know your target buyer"
  Manage your opportunities"
  Engage your pipeline"
Building
Your Funnel
Building Your Funnel
  Your sales funnel is the key"
  Stages of the funnel"
  Contact"
  Lead"
  Opportunity Identified"
  Opportunity Defined"
  Closed (win/lose)"
  Know your metrics"
  You won’t close every deal"
  Determine your funnel flow"
Building Your Funnel
  Example of Funnel Flow"
  50 new contacts per month ="
  25 leads per month (50% convert)"
  5 opportunities per month (20% convert)"
  2 opportunities close this month"
  1 of the 2 = ‘won’ and 1 of the 2 = ‘lost’"
  3 opportunities close the next month"
  1 of the 2 = ‘won’ and 2 of the 2 = ‘lost’"
Building Your Funnel
  Metrics from the example:"
  If you reliably generate 50 new contacts per
month, you can expect:"
  An average of 1 new deal this month"
  And 1 new deal the following month"
  A major lesson:"
  Quotas are usually tracked monthly"
  Sales cycles are often flowing multi-monthly"
  You need to plan your funnel today for
deals to close against future quotas"
Managing
Your Opportunities
Managing Your Opportunities
  Actively manage your opportunities"
  Focus on qualifying"
  Better qualifying = better forecasting"
  Better qualifying = better-informed"
  What prompted you to consider this purchase now?"
  When would you like to implement this purchase?"
  What else are you considering for this purchase?"
  Who else is involved in this purchase?"
  What kind of resources have you allocated to make
this purchase?"
Managing Your Opportunities
  Opportunity management means:"
  Explaining the decision process up-front"
  Establishing a timetable for decision"
  Recommending points the prospect should
consider throughout the process"
  Staging the prospect to stay ‘on track’ by
preparing them to expect:"
  Solution-based proposal"
  Answers to technical questions"
  Customer references/testimonials"
Additional Ways to
Uncover Opportunities
Uncovering More Opportunities
  Revisit your prior prospects"
  Contact regularly and stay in touch"
  Don’t just make the “touching base” call"
  Send them interesting articles/updates"
  Provide value-added information"
  Inform them about new products/benefits"
  Include all “no” and all “maybe” deals"
  Make this a regular discipline"
  You will find that prior prospects can re-
warm and some become future deal"
Uncovering More Opportunities
  Talk with Current & Past Customers"
  You think they know all you have to offer"
  Research shows most of them don’t"
  Customers can help you achieve quota by:"
  Serving as references for near-close opportunities"
  Referring you to other potential prospects"
  Buying more of your products/services"
  Staying with you as repeat accounts"
  Customers are a community"
  Connect with them"
  Connect them to each other"
Uncovering More Opportunities
  Engage Your Pipeline"
  Create value in your sales funnel"
  Help keep everyone moving in the funnel"
  Provide added value and ‘top-of-mind’"
  Email marketing"
  Webinars / Seminars"
  Customer appreciation events"
  Breakfast briefings/receptions"
  Blog articles"
  White papers and guides"
  Web and social media content"
Uncovering More Opportunities
  Summary: Finding Opportunities"
  Where to look"
  Prior prospects"
  Current and past customers"
  Present pipeline"
  What to do"
  Contact regularly"
  Content that adds value"
  Community that connects them together"
Key Takeaways
Key Takeaways
  Your should drive your quota; It should not
drive you."
  This starts with planning for your quota."
  Build your funnel and establish your metrics"
  Plan the pipeline across multiple quota periods."
  Manage opportunities through strong, high-
quality questions and qualifying."
  Look for additional opportunities with prior
prospects, current and past customers, etc."
  Build contact, content and community."
Worksheet
  Free to you
  Available on our
website under the
Resources tab
  Includes key
points & ideas"
Learning more...
  Subscribe to our blog:"
www.DebBrownSales.com/blog
  Learn about our services:"
www.DebBrownSales.com/services"
Thank you!

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Smart Sales Strategies for Exceeding Your Quota

  • 1. Smart Sales Strategies for Exceeding Your Quota - Slideshare Edition -"
  • 2. Welcome   Your Presenter:"   Deb Brown"   Practice focus:"   Sales coaching"   Sales training"   Clients include:"   Small businesses"   Growing companies"   Fortune 500"
  • 3. Our Services   Training and coaching for sales professionals and sales teams."   Rooted in our 4-step methodology."   Proven results for business owners and sales teams from small companies to the Fortune 500."
  • 4. Our Services Learn more at: www.DebBrownSales.com"
  • 5. Our Services   Applied leadership and sales approach."   Sell in a way that aligns with your values."   Dynamic and holistic approach based on the example of Jesus of Nazareth."   Sales training & coaching integrated with leadership development."
  • 6. Our Services Learn more at: www.SellLikeJesus.com"
  • 7. Today’s Agenda   Planning for Quota"   Building Your Funnel"   Managing Opportunities"   Additional Ways to Find Opportunities"   Prior Prospects"   Current & Past Customers"   Engaging Your Pipeline"   Key Takeaways"
  • 9. Planning for Quota   Don’t just live with your quota"   Many sales professionals let their quota drive them, rather than driving it"   Planning for quota means thinking strategically about how you can meet or exceed your quota goals"   Focus on process to gain ground"
  • 10. Planning for Quota   Two common sales approaches:"   Reactive "   Focused only on closing deals"   Find the low-hanging fruit "   Harvest, harvest, harvest – but no seed planting"   Brute Force"   Close everyone, all the time "   Regardless of where in the sales cycle"
  • 11. Planning for Quota   Planning for quota with a systematic process"   Define your funnel"   Know your target buyer"   Manage your opportunities"   Engage your pipeline"
  • 13. Building Your Funnel   Your sales funnel is the key"   Stages of the funnel"   Contact"   Lead"   Opportunity Identified"   Opportunity Defined"   Closed (win/lose)"   Know your metrics"   You won’t close every deal"   Determine your funnel flow"
  • 14. Building Your Funnel   Example of Funnel Flow"   50 new contacts per month ="   25 leads per month (50% convert)"   5 opportunities per month (20% convert)"   2 opportunities close this month"   1 of the 2 = ‘won’ and 1 of the 2 = ‘lost’"   3 opportunities close the next month"   1 of the 2 = ‘won’ and 2 of the 2 = ‘lost’"
  • 15. Building Your Funnel   Metrics from the example:"   If you reliably generate 50 new contacts per month, you can expect:"   An average of 1 new deal this month"   And 1 new deal the following month"   A major lesson:"   Quotas are usually tracked monthly"   Sales cycles are often flowing multi-monthly"   You need to plan your funnel today for deals to close against future quotas"
  • 17. Managing Your Opportunities   Actively manage your opportunities"   Focus on qualifying"   Better qualifying = better forecasting"   Better qualifying = better-informed"   What prompted you to consider this purchase now?"   When would you like to implement this purchase?"   What else are you considering for this purchase?"   Who else is involved in this purchase?"   What kind of resources have you allocated to make this purchase?"
  • 18. Managing Your Opportunities   Opportunity management means:"   Explaining the decision process up-front"   Establishing a timetable for decision"   Recommending points the prospect should consider throughout the process"   Staging the prospect to stay ‘on track’ by preparing them to expect:"   Solution-based proposal"   Answers to technical questions"   Customer references/testimonials"
  • 19. Additional Ways to Uncover Opportunities
  • 20. Uncovering More Opportunities   Revisit your prior prospects"   Contact regularly and stay in touch"   Don’t just make the “touching base” call"   Send them interesting articles/updates"   Provide value-added information"   Inform them about new products/benefits"   Include all “no” and all “maybe” deals"   Make this a regular discipline"   You will find that prior prospects can re- warm and some become future deal"
  • 21. Uncovering More Opportunities   Talk with Current & Past Customers"   You think they know all you have to offer"   Research shows most of them don’t"   Customers can help you achieve quota by:"   Serving as references for near-close opportunities"   Referring you to other potential prospects"   Buying more of your products/services"   Staying with you as repeat accounts"   Customers are a community"   Connect with them"   Connect them to each other"
  • 22. Uncovering More Opportunities   Engage Your Pipeline"   Create value in your sales funnel"   Help keep everyone moving in the funnel"   Provide added value and ‘top-of-mind’"   Email marketing"   Webinars / Seminars"   Customer appreciation events"   Breakfast briefings/receptions"   Blog articles"   White papers and guides"   Web and social media content"
  • 23. Uncovering More Opportunities   Summary: Finding Opportunities"   Where to look"   Prior prospects"   Current and past customers"   Present pipeline"   What to do"   Contact regularly"   Content that adds value"   Community that connects them together"
  • 25. Key Takeaways   Your should drive your quota; It should not drive you."   This starts with planning for your quota."   Build your funnel and establish your metrics"   Plan the pipeline across multiple quota periods."   Manage opportunities through strong, high- quality questions and qualifying."   Look for additional opportunities with prior prospects, current and past customers, etc."   Build contact, content and community."
  • 26. Worksheet   Free to you   Available on our website under the Resources tab   Includes key points & ideas"
  • 27. Learning more...   Subscribe to our blog:" www.DebBrownSales.com/blog   Learn about our services:" www.DebBrownSales.com/services"