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BUILDING BLOCKS FOR SUCCESS

BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

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Page 1: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

BUILDING BLOCKS FOR SUCCESS

Page 2: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

How Marketing can createmessaging that salespeople

can actually use

A presentation byMike Bosworth

Page 3: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Your Mother’s Experience?

• Aggressive• Insincere• Pushy• Manipulative• Obnoxious• Over-familiar• Prone to exaggerate• Inclined to over sell• Anxious to tell “everything you ever wanted to

know”• Poor listeners• Likely to do what’s best for them, not the buyer• Not to be trusted

Page 4: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

What is Selling?From The IT Seller Perspective

• Convincing?

• Persuading?

• Getting someone else to do what you want?

• Persistence?

• Handling objections?

• Taking at least 5 “NO’s” before giving up?

Page 5: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Can We “Reframe” Selling?

Customer centric selling is asking directed questionsto help buyers visualize how to use your offerings to:

–– Achieve a goalAchieve a goal

–– Solve a problem Solve a problem

–– Satisfy a need Satisfy a need

This allows you to shape your customer’s experienceand make the way you sell a competitive advantage!

Page 6: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

• Conversations• Questions• Solution focused• Business decision makers• Relate product usage• Sell by helping buyers:

– Achieve goals– Solve problems– Satisfy needs

• Willing to leave• Rarely have to close

Best Practice Selling Behavior

Page 7: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Typical Salesperson Product Training

Software Product Feature List Example

Password administrationSingle view across platforms

Standard milestonesContact information

Account historyCross selling24x7 access

Political mappingElectronic coaching

Lead trackingPassing of leads

Historical close ratesAnalysis of past campaigns

etc.etc.etc.

Page 8: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Typical Product Training/Product Marketing The “Pinocchio” Effect

“’It’ will improve your sales forecast!”

“’It’ will increase your productivity!”

“’It’ will reduce your customer churn!”

“’It’ will improve your salesperson morale!”

How will “IT” do it?

Page 9: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Selling With Traditional Product Training

Typical salesperson statement:

“Our seamless and integrated CRM application will dramatically improve

your forecasting accuracy!”

This causes salespeople to develop messaging on the fly”

Customer Message Management ForumAmerican Marketing Association

“Up to 90% of collateral created by marketing is never used by sales.”

Page 10: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Building Trust

People buy from sellers who earntheir trust by empowering them

Should a seller:

– ask for the buyer’s trust?

– tell the buyer to trust them?

– earn trust by empowering the buyer to trust themselves?

Page 11: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Shouldn’t Your Salespeople Be Asking?

“After making calls, would it help if your CRMsystem would prompt your salespeople to reportprogress against pre-defined standard milestonesfor each opportunity in their pipeline?”

“On an ongoing basis, would you like the CRMsystem to apply historical close rates for eachsalesperson at each stage of your pipeline, andhighlight activity that will yield below quotaperformance?”

Page 12: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Product Development

Product Marketing

Product Training

Demand Generation

Collateral Customer-Centric?

Customer-Centric?

Marketing?(Above the funnel?)

Sales?(In the funnel?)

Who’s problem is it?

Initial Call/GOAL Identification

SOLUTION DevelopmentChampion

Qualify Championand Key Buyers

Qualify theOpportunity

Cost vs. Benefit

Negotiation/Close

Page 13: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Product Marketing

Product Training

Collateral

Demand Generation

Marketing?(Above the funnel?)

Sales?(In the funnel?)

Who’s problem is it?

SOLUTION DevelopmentChampion

Qualify Championand Key Buyers

Qualify theOpportunity

Cost vs. Benefit

Negotiation/Close

Initial Call/GOAL Identification

Page 14: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Product Marketing

Product Training

Collateral

Demand Generation

Who’s problem is it?

Marketing?(Above the funnel?)

Sales?(In the funnel?)

SOLUTION DevelopmentChampion

Qualify Championand Key Buyers

Qualify theOpportunity

Cost vs. Benefit

Negotiation/Close

Initial Call/GOAL Identification

Page 15: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

What predictable conversationswill a salesperson need to have

in order to get your offeringSold, Funded and Implemented?

Targeted Conversation List

Page 16: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Targeted Conversation List - CRM Example

VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting

VP FinanceS,F Reduce the cost of sales

VP SalesS,I Improved forecasting accuracy

VP SalesS,I Shorten start-up time for new sales reps

VP SalesS,I Increase the number of B and C reps who make quota

VP MktgI Provide sales ready messaging for each stage in the company’s sales process

CIOI Support Implementation with limited resources

S SellF FundI Implement (Conversion/Compliance)

Page 17: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

What business eventswould each targeted buyer encounter

that would cause them to wantor need the features of

your offerings?

Targeted Business Events

Page 18: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Targeted Business Events - CRM Example

Target Conversation: CFO - Achieve profit projections

Business Event #1: After a rep makes a sales call

Business Event #2: When reviewing pipelines

Business Event #3: When coaching salespeople

Business Event #4: When preparing revenue projections

Page 19: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Create Usage Scenarios for Business Events:

The EQPA Formula• Event:

– The circumstance causing a specific job title to need a specificfeature of your offering

• Question:– Asking facilitates buying. Telling feels like you're “selling”

• Player:– Who or what (could be a system) will take action to respond to the

event

• Action:– How the feature can be used stated in terms the buyer can

understand and that relate to their job title

Page 20: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

EQPA ExampleConvert buyer’s events into Usage Scenarios

• Conversation: VP Finance – Improve Profit Projections• Event: After sales reps conduct sales calls• Situation: Salespeople have difficulty projecting probabilities &

outcomes of the opportunities in their pipelines, leadingto forecasting difficulties.

The EQPA Formula

Event: After your sales reps make sales calls,Question: would it help ifPlayer: your SalespeopleAction: could be prompted to report progress against pre-

defined standard milestones for each opportunityin their pipeline?

Page 21: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Af ter making callsWould it help ify our salespeoplecould be prompted to report progress against pre-def ined standardmilestones f or each opportunity in their pipeline?

When rev iewing a salesperson’s pipelinewould it be helpf ul ifsales managerscould access a data base of opportunities, ev aluate their status andemail suggestions to reps to improv e the chances of winning ?

On an ongoing basiswould y ou likethe CRM sy stemto apply historical close rates f or each rep and each stage of thepipeline, highlighting activ ity that will y ield below quota perf ormance?

When ev aluating the status of large opportunitieswould it be benef icial ifYou and other C lev el executiv escould access y our pipeline v ia y our laptop any time/any where andrev iew progress against milestones?

On demand and at any timeWould y ou wanty our sales managersto rev iew opportunities and based upon their experience, chooseopportunities they f eel hav e low probabilities of success andencourage the salesperson to do f urther quality or withdraw?

Building Solution Development Prompters™Title: VP Finance Goal: Achieving revenue projections with more accurate forecasting Product/Service: SFA/CRM

USAGE SCENARIOSEvent:

Question:Player:Action:

Event:Question:

Player:Action:

Event:Question:

Player:Action:

Event:Question:

Player:Action:

Event:Question:

Player:Action:

After a rep makes a call

When reviewing pipelines

When coaching your reps

When preparing forecasts

24x7 anytime

BUSINESS EVENTS

Page 22: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Today, how would buyers respondto events without your offering

and how would they benegatively impacted?

What targeted diagnostic questionswould a seller need to ask?

Targeted Diagnostic QuestionsThe Key To Seller Credibility

Page 23: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Topic 1: Update opportunity status daily against milestonesHow do managers keep current with the status of opportunities? How of ten dothey get updated by their reps? How? Would more f requent status reports behelpf ul? Hav e y ou established milestones to gage progress?

Topic 2: Protection of data when territory changes take placeHow do reps rev iew past activ ity when assigned new accounts? How av ailableand usef ul is documentation? Between new hires and turnov er, how manyreps/y ear are added? Does a lack of continuity ev er cost y ou business? S

Topic 3: Plan activity levels based upon historical close ratesDo reps stop prospecting when their f unnel looks healthy ? Do some hav epeaks and v alley s due to this trend? % How do sales managers monitoractiv ity to ensure quotas will be met? Do they adjust f or v ary ing close rates ofreps? How?

Topic 4: Bottlenecks identified and flagged for ManagersHow do managers identif y bottlenecks in a rep’s pipeline? How many deals arelost because opportunities stall? #;$ If aware of a bottleneck, would managersof f er suggestions to mov e opportunities f orward? How would they do it?

Topic 5: Manager visibility to disqualify opportunitiesHow of ten do reps v oluntarily withdraw f rom opportunities prior to losing them?% Is it dif f icult f or managers to discov er low probabilities deals? Can y ouestimate the % of opportunities in the pipeline that y ou are unlikely to win?

What are the major barriers to achieving yournumbers today?

Completed Solution Development Prompter™Title: VP Finance Goal: Achieving revenue projections with more accurate forecasting Product/Service: SFA/CRM

DIAGNOSTIC QUESTIONS USAGE SCENARIOS

#,%,$,E?

#,%,$,E?

Recap: “So your current situation is…” Confirm solution: “If you had (capabilities)…could you then (achieve goal)?

I would like to try _____ ideas on you.

Event:Question:

Player:Action:

Event:Question:

Player:Action:

Event:Question:

Player:Action:

Event:Question:

Player:Action:

Event:Question:

Player:Action:

Af ter making callsWould it help ify our salespeoplecould be prompted to report progress against pre-def ined standardmilestones f or each opportunity in their pipeline?

When rev iewing a salesperson’s pipelinewould it be helpf ul ifsales managerscould access a data base of opportunities, ev aluate their status andemail suggestions to reps to improv e the chances of winning ?

On an ongoing basiswould y ou likethe CRM sy stemto apply historical close rates f or each rep and each stage of thepipeline, highlighting activ ity that will y ield below quota perf ormance?

When ev aluating the status of large opportunitieswould it be benef icial ifYou and other C lev el executiv escould access y our pipeline v ia y our laptop any time/any where andrev iew progress against milestones?

On demand and at any timeWould y ou wanty our sales managersto rev iew opportunities and based upon their experience, chooseopportunities they f eel hav e low probabilities of success andencourage the salesperson to do f urther quality or withdraw?

Page 24: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Targeted Conversation List - CRM Example

VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting

VP FinanceS,F Reduce the cost of sales

VP SalesS,I Improved forecasting accuracy

VP SalesS,I Shorten start-up time for new sales reps

VP SalesS,I Increase the number of B and C reps who make quota

VP MktgI Provide sales ready messaging for each stage in the company’s sales process

CIOI Support Implementation with limited resources

S SellF FundI Implement (Conversion/Compliance)

Page 25: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Building Incremental Interest

< 1 MinuteCold Contact

“Elevator Pitch”Sample Menu

Prospect is curious “Tell me more” Prospect

feelsseller is

competent

curiositybecomesinterest

2 Minutes Success Story

10+ MinutesSolution

developmentdiscussion

Prospect shares Goal

Page 26: BUILDING BLOCKS FOR SUCCESS · Targeted Conversation List - CRM Example VP FinanceS,F Achieve profit projections w/ accurate revenue forecasting VP FinanceS,F Reduce the cost of sales

Thank You!

For more informationor a copy of this presentation:www.CustomerCentric.com

a. Copyright 2005 CustomerCentric Systems, LLC (www.customercentricsystems.com).b. CustomerCentric Selling® is a registered trademark and service mark of CustomerCentric Systems, LLC.c. This material is owned by, and is the property of CustomerCentric Systems, LLC. This material is intellectual property and is confidential. Any reproduction, copying, or other use of this material in any manner without the express written permission of the owner is strictly prohibited.d. Sales Ready Messaging®, Solution Development Prompter™, Solution Development Process™, Opportunity Qualification Road Map™, Conversational Road Map™ are trademarks of CustomerCentric Systems, LLC.