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Blog Sales and Marketing Sales Enablement Sales Management Sales Process

Service Level Agreement (SLA): Critical For Streamlined Sales And Marketing Alignment

If you’ve been following this blog, you already know that I believe alignment between an organization’s sales and marketing departments is critical. However, did you know that the Service Level Agreement (SLA) is an important way to achieve that alignment? The SLA is THE document that builds trust and accountability between sales and marketing departments. It’s going through the act of building the SLA and readdressing the SLA every month in a meeting that builds the foundation for sales and marketing alignment.

Unfortunately, only 43% of marketing and sales operations leaders have lead response SLAs in place, and most are not being governed. And only 11 percent of survey respondents reported having jointly managed SLAs according to SiriusDecisions.

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Blog Sales 2.0 Sales Advice Sales Process

5 Cold Calling Fails And How To Fix Them With Social Selling

Have you heard that cold calling is back from the dead? It turns out that cold calling is a bit like Mark Twain: Reports of its death have been greatly exaggerated.

Cold calling in sales is all about reaching out with confidence to someone you don’t know. Contact has to be established somehow, and many B2B sales teams still utilize cold calling within their existing sales strategy. However, 97% of cold calls are ineffective according to IBM Buyer Preference Study. So how do you even start a conversation? The elemental truth is that Social Selling and cold calling are not polar opposites, but merely complementary pathways for establishing the kind of relationships that lead to sales.

Successful sales leaders take advantage of all the tools in their triage kits to get the job done. For some sales professionals, cold calling can be a challenging way to reach buyers. However, you need to be able to support your team under any circumstances.

Here are five good ways to resuscitate the effectiveness of the common cold call by applying Social Selling techniques.

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Blog Sales Process Time Management

There Are 24 Hours In A Day, And You’re Only Selling For 2 Of Them?

Time ManagementI would never profess to be the greatest sales professional nor the greatest coach. But in all my years as a sales professional—from starting my career at Bank of Montreal at age 20, to my time in corporate real estate, to becoming a director of sales at two different SaaS companies, and finally starting my own consulting firm—I’ve learned that the biggest hindrance to sales success is this: time management.

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Blog Sales Inspiration Sales Management Sales Process

Missed Quota Again? 7 Things Your Sales Team Needs To Rethink

7 Things Your Sales Team Needs To RethinkLet me begin by saying there’s an endless number of reasons that sales teams aren’t hitting quota. And this is a major problem for organizations. In fact, research from SiriusDecisions found 54% of sales professionals won’t meet quota this year. This is a bad nightmare and a harsh reality for many sales teams, because it means that only a small minority of sales professionals will achieve quota attainment!

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Blog Infographics Sales Process

The Effective Sales Process: A Data Driven Approach [Infographic]

A great sales process is like a well-oiled machine with excellent mileage, maximum performance and effective in getting you from lead to closed deal. But many sales processes are in need of a tune up. What is your sales team doing to optimize their process? Are you finding that quota attainment is down? It might be time for an oil change! Take a look at the infographic below by Kissmetrics, which examines the data behind some of the most effective sales behaviors and processes.

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Blog Sales Process Social Selling Training

Implementing A Successful Social Selling Program: Overcoming 3 Major Challenges

Implementing A Successful Social Selling ProgramIn a recent webinar with The American Marketing Association (AMA), marketers from around the country were asked about their organizations were doing around Social Selling. For those of us that are in the Social Selling world, there were many positive signs.

For example, 20% of respondents indicated that they have plans to roll-out Social Selling while over 40% said that their sales professionals were dabbling in it. Asking this question even a year ago wouldn’t have seen numbers this high in either of these categories.

So as you begin to think about implementing your Social Selling strategies and programs, I’d like to provide you with three high-level obstacles that you’ll need to focus on and have plans to firmly address.

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Blog Content Marketing Digital Selling Digital Transformation Sales and Marketing Sales Enablement Sales Management Sales Process

Marketing vs. Sales Enablement: Who Fosters Digital Transformation?

Marketing VS Sales Enablement

“Marketing is absolutely the place to drive this transformation [in sales]… If you don’t have a corporate strategy around social media and social selling, and if you don’t proactively build that strategy collectively with sales, then however many number of sales people you have is however many strategies you have. It’s completely intersected.” –Bryan Jones, VP Commercial Marketing at Dell

I recently read this quote from Bryan Jones, VP Commercial Marketing at Dell. I both agree and disagree with Bryan. Here’s why.

In world-class organizations, digital transformation is the role of the sales enablement department. Sales enablement is part of the Revenue Generating team, which includes sales operations, sales, and marketing. Great sales enablement teams connect these commercial departments, and act as the bridge between the VP of Sales and the VP of Marketing.

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Blog Infographics Marketing Management Sales Management Sales Process

It’s A Buyer Funnel, Not A Sales Process [Infographic]

Your buyers have typically completed 57% of their process before actively engaging with Sales. So what are you doing to help them along their journey? The modern buyer is online using search engines, doing their due diligence, joining online communities, on social media to become better informed about their challenges and potential solutions. Your buyers know what they’re looking for and if not, they have the power of copious amounts of knowledge available at their fingertips.

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Blog Digital Selling Sales Management Sales Process

Why Continuous Learning Is Crucial For Client Relevancy

Why Continuous Learning Is Crucial For Client RelevancyYou have changed. I have changed. Buyers have changed. 74% of today’s B2B buyers conduct more than half of their research online before making a purchase, and Forrester predicts that 12% of all B2B sales in the US will take place online by 2020.

That’s the reality of living in the digital economy.

When was the last time you made a big decision without going online first to research? How often are you on your mobile every day? Checking Facebook, Twitter or LinkedIn?

Even if we deny that things around us are not being impacted digitally, that’s not stopping this reality from progressing fast. There is a ton of opportunity but of course change brings challenges. Society, businesses, and individuals are experiencing things constantly that we haven’t before.

Do you have all the answers on how to create effective digital business models? Does anyone?

It’s a continuous journey, we are all doing our best to figure it out.

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Blog Sales Advice Sales Process

Overcoming This Common Sales Objection: No Budget

Overcoming This Common Sales Objection No Budget No ProblemDo your prospects often tell you “I don’t have budget?”

This is one of the most common objections sales professionals hear. But as a business owner and CEO of Sales for Life, when I reflect on the last few years, most of the big ticket items we’ve purchased, or big changes we’ve made—were rarely included in our assumed cash flow statements and P&L reports for the upcoming fiscal year.

What we end up spending money on is often quite different than what we had budgeted for in our business plan.