Why Change Selling Blog

Using Inbound Marketing to realize the full potential of your sales team

White Paper Executive Summary

Anyone who has been part of a Business-to-Business (B2B)

I loved Seth Godin's latest book Linchpin, but Linchpin is not for everyone.  There is a certain percentage of the population that doesn't want change; hates the concept of personal development - especially when it comes to them, is not interested in new ideas and prefers to pretend like Candide in Voltaire's novel by the same name that - "all must really be for the best and that hard work, from day to day is what life is about."

 The Magic Software Case Study has been moved to Sales And Marketing Performance Improvement Case Studies

Tonight I watched the quarter final of the UEFA European Champions League to see my favorite football (soccer) team FC Barcelona play Arsenal. I have written two prior blog posts on the way FC Barcelona goes about professional training and development of players, plays football and approaches playing and winning the game.

I Did it My Way

If you were to interview entrepreneurial high-tech CEO's having just sold their companies, or less than successful CEO’s who wound them up, they would provide a great source of information; however their reflections could sound like a lyric from Frank Sinatra's "My Way",  “Regrets, I’ve had a few".

Underachievement of potential is an opinion many investors will have reached on exiting their high-tech investment.

I love this book!; it’s the best advice I have ever read in one volume for entrepreneurs. So many times through this book I said aloud, “wow if i'd only known this back then…..Blank’s core thesis in building companies is that there are four discrete stages in the process:

1. Customer Discovery

Customer discovery is about finding out if there are customers for your idea and if and what they would be willing to pay for it, before you write a line of code.

This must be done by "getting out of the office" and talking to real potential customers and of course this removes the guess work in initial product specification - as the spec. is the founders vision and the minimum working set required to win first customers (or earlyvangelists as Blank calls them).

Customer Discovery removes pricing risk because prospects tell you what they would be prepared to pay and it removes the hiring and market failure risk of alternate approaches, including the popular "build it and they will come" start-up strategy.

Clarity in Internet, marketing and sales messaging is a topic we have been writing about for the past five years as it critical in creating marketing messages for B2B technology companies that resonate with buyers and help them get found on the Internet.

Merry Christmas, Happy Holidays and Happy New Year to my friends colleagues and fellow group members.

Most sales professionals will be very focused on closing last minute deals in the popular end of year discount-fest enjoyed around this time of year by our customers. Most marketers will be considering how they can improve program performance in 2010 to generate more leads and build mindshare.
It's a bad time to be calling sales and marketing leaders to engage in conversations about improving sales and marketing performance in 2010, but when is a good time?
So instead of calling prospective 2010 clients, I'm posting a blog and sending a link with the top 10 things for sales and marketing leaders to consider in their planning for improved performance in 2010, with a link back to a landing page on our site to register interest in further discussion.

1. Sales and Marketing Messaging Alignment: of all the productivity initiatives, this one is the easiest to implement, the lowest cost, with the highest payback as it drives inbound marketing messaging on the Website and elevates the standard of sales conversations with customers.
   
   
2. Territory and Compensation review: are you rewarding your sales team for the behavior you are seeking? Do you have top reps sitting on house accounts and easily making their numbers and potential new stars struggling to learn the business and open new business at the same time, are you under or over paying for performance?
   
   
3. Adopt Inbound Marketing: If your sales team is still cold calling, then your marketing isn't working and your sales team is wasting a lot of time; inbound marketing is a better approach to lead generation. Inbound marketing using HubSpot has potential to significantly outperform cold-calling and traditional telesales performance over 6-12 months and provide an ongoing lead generation annuity. If you enter 2010 with an Inbound Marketing Strategy using HubSpot, you will exit it richer in many ways.
   
   
4. Get into Social Media: in particular, Facebook, Twitter, LinkedIN and if you are in Europe (Germany) XING. These tools will help you research, connect and engage prospects for your products and services.
   
   
5. Implement Lead Nurturing best practices: if you are a thought leader in your market, or an early stage technology company that has a potential for leadership, you need to nurture your leads with a program that educates, informs and engages over the year until they are ready to convert.
   
   
6. Get performance data: so you can benchmark your performance against peers in your industry. The most comprehensive sales performance data I have seen is from CSO Insights and by clicking here to taking this survey you will receive a free copy of the 200+ page 2010 Sales Performance Optimization Survey from more than 1500 companies, when published in January.
   
   
7. Align your selling culture with the way your customers buy: Did you know that early adopters buy differently from mainstream buyers? Failing to engage and win the early market with novel technology is the leading cause of death for start-ups and many killer-products and it's both a sales and marketing problem.
   
   
8. Implement a professional sales certification program for your sales team: We know that sales performance improvement requires deliberate practice of skill and technique, regular role-playing and feedback from experts. A one-off training event is a waste of money without a learning methodology that includes Performance Support, Coaching, collaborative learning and support from experts and sales managers and a certification event to drive behaviour to attain a minimum standard.
   
   
9. Review CRM activity and make changes to formalise your sales process to create pipeline milestones and transparency in the sales process, so that everyone is selling the same way and that buyer and seller are aligned and qualified at each transition in the process. If you haven't seen it yet, take a look at Landslide Technologies, it's the future of CRM - very cool!
   
   
10. Have a great holiday, enjoy your family and friends, get some well earned rest...you all deserve it; 2009 was the toughest year ever in our business.

To discuss any of the above topics and your performance goals for 2010, follow this link to contact Advanced Marketing Concepts Ltd.

I was explaining our sales training approach (which is based on improving communication, language and inter-personal skills and applying these skills in selling situations) to a corporate sales training professional recently, who made a comment to which I took exception.

He said, “Yes, well of course that’s soft skills training, and we are not planning on doing any of that. We offer it for our management team, but our sales training is focused on product training, overcoming objections, negotiating and closing the sale and we are currently implementing the TAS methodology and training.” The implication here is that soft skills are touchy-feely and somehow optional or nice to have, or something that sales people are born with....not the hard skills sales people to need to crunch deals and close hard. Needless to say it was a short meeting.

According to Wikipedia: Soft skills is a sociological term relating to a person's "EQ" (Emotional Intelligence Quotient), the cluster of personality traits, social graces, communication, language, personal habits, friendliness, and optimism that characterize relationships with other people.
I continued to consider what the training buyer had said, because it called into question our recent experience and the sales performance improvement methodology we had developed.  I began to analyze the selling process and dissect its elements and offer the following insights.

Selling is a craft or skill that can be entered as a profession at a minimum by anyone with the ability to use a telephone. The craft of selling is innate in some individuals with highly developed interpersonal skills and intellect, - these people (about 5%-10% of the sales population) are known as naturals. For the rest of us, selling is a skill that is learned both by doing it and through training, - and with practice and coaching it can be mastered.

The B2B selling profession is underpinned by process (this resembles a science) where every move and transition in the selling cycle is captured and as such can be analyzed and optimized. Selling methodologies and CRM however will not help salespeople engage buyers, diagnose needs and qualify if capabilities are relevant, which to my mind are the highest order elements in the whole sales cycle.

The following is a true story extracted from a recent call in a company, possibly just like yours.

Julie, a sales rep from ABC Software, just got back from an initial meeting with a prospective client who registered interest in your products on your Website. Your inside sales team spoke with the prospect and qualified interest in a meeting to discuss ABC application usage in Acme. Julie's Sales Manager, Bob, asks "So how did the Acme meeting go?"