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Welcome!

Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
2



         Keynote: Gerhard Gschwandtner


 Founder and Publisher of
 Selling Power magazine

Author of 17 books on
selling and motivation




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
3


                              5 Major Changes




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Business is about creating value




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Everyone wants value


     • Customers from vendors

     • Managers from salespeople

     • Salespeople from companies

     • CEO’s from sales and marketing
           teams
Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Value = true north




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
All values decline

 The value of any
 product or service is
 destined to
 decline…




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Value threats

        1. Better ideas

        2. Better competitors

        3. Smarter buyers

        4. Change in business climate


Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Internet = Platform for Change




 Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Change # 1: The Internet drives change




 Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Ongoing revolution




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Chaos is a factory….


…that creates golden opportunities




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Lesson # 1


           Adapt, innovate
             or become
                 irrelevant
Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Action step


     Move your
     business
     processes online
Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Change # 2: Social media




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Customers Drive the Conversation

              “…social media has become massively more
              important because customers have stopped
              listening to vendors and analyst/reviewers.

              Most of your marketing and press/analyst
              relations are being trumped by customers
              talking to customers. ”

                                                   Geoffrey James
                                                   BNET


 Sales & Marketing 2.0 Conference, San Francisco      November 2010   sales20conf.com/collaboration
Lesson # 2

        Join the conversation




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Action steps

  •        Create a social media policy

  • Make Twitter, FB, LinkedIn
    part of your sales process

  • Don’t cold call, social call


Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Change # 3: Tech = Acceleration

                       Leaders
                       Salesforce, Apple, Google, Cisco

                        Followers
                         Dell, Garmin

                         Victims of change
                        Kodak, Encyclopedia Britannica,


Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Salesforce.com




        Market cap: $18 Billion
Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Dell




        Market cap: $26 Billion
Sales & Marketing 2.0 Conference, San Francisco    November 2010   sales20conf.com/collaboration
Kodak




        Market cap: $1.4 Billion
Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Lesson # 3

   Our core business strategy
   must be aligned with the
   opportunities that emerge
   from the revolutionary trends
   that transform our world…

Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Lesson # 3




     or we will become
     victims of change

Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Action step:

        Lead, follow or get left behind




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Change # 4. The Sales 2.0 Revolution


                             “Sales 2.0 is a more efficient
                             and effective way of selling
                             for the buyer and the seller

                             enabled by technology.”

                                              (Anneke Seley, Author Sales 2.0)

 Sales & Marketing 2.0 Conference, San Francisco    November 2010   sales20conf.com/collaboration
Sales 2.0 Companies Overachieve

                                                  Sales 1.0                                Sales 2.0




      Sales Performance Across                    Performance      Performance                Performance
         Levels Comparison                          Level 1          Level 2                    Level 3
% Reps Making Quota                                    45%                52%                      60%
% of Company Plan Attainment                           75%                80%                      84%
% Forecast − Wins                                      42%                47%                      53%




Sales & Marketing 2.0 Conference, San Francisco    November 2010   sales20conf.com/collaboration
Lesson # 4




     Sales 1.0 is dead


Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Sales 1.0 is dead

        • Cold calling

        • Transactional selling

        • The traditional sales funnel

        • Sequential dialing

        • Lead response delays (MIT Study)

        • The sales pitch

        • Sales processes without metrics

Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Action step


     Adopt Sales 2.0
     and improve your
     revenue cycle

Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Brainshark’s Sales 2.0 Platform                                     (as of 5/1/10)


                                                           Web &
                                              Sales      Social Media
                                              Portal
                            Web
                                                                          Analytics
                         Conferencing
                                              On-Demand
                                           Rich Media Content
                  Marketing                                                      Sales
                  Automation                                                  Intelligence
                                                  CRM
                                                  Salesforce

                      Time &                                                  Contact
                      Materials                                                Data

                                  Event
                                 Corvent                          Proposal
                               Management
                                                                  Creation
                                                  E-Mail / Chat


Sales & Marketing 2.0 Conference, San Francisco        November 2010          sales20conf.com/collaboration
Change # 5. The Customer Revolution




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Chief Listening Officer




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Customer Success Manager




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Chief Customer Officer




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Co-Create




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Co-create with customers



    •Ads
    •Marketing message
    •Products (Threadless, Fiat 500, Nike)




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Collaborate




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Lesson # 5

                                                    In the past we
                                                  tried to get inside
                                                    the customer’s
                                                  mind so we could
                                                  get a bigger share
                                                  of the customer’s
                                                         wallet

Sales & Marketing 2.0 Conference, San Francisco     November 2010   sales20conf.com/collaboration
Lesson # 5

                                               Today we need to
                                                    bring the
                                                customer’s mind
                                               into our company
                                                   so we can
                                              collaborate and co-
                                               create our future

Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Change is not enough


     1. Adapt, Innovate or become irrelevant

     2. Join the social media revolution

     3. Align with emerging opportunities

     4. Adopt Sales 2.0 to improve revenues

     5. Co-create with your customers – make customers
             part of your value chain


Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Create a customer centric revolution




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
True north




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration
True North




Sales & Marketing 2.0 Conference, San Francisco   November 2010   sales20conf.com/collaboration

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5 Major Changes: The Road to Change

  • 1. Welcome! Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 2. 2 Keynote: Gerhard Gschwandtner Founder and Publisher of Selling Power magazine Author of 17 books on selling and motivation Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 3. 3 5 Major Changes Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 4. Business is about creating value Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 5. Everyone wants value • Customers from vendors • Managers from salespeople • Salespeople from companies • CEO’s from sales and marketing teams Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 6. Value = true north Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 7. All values decline The value of any product or service is destined to decline… Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 8. Value threats 1. Better ideas 2. Better competitors 3. Smarter buyers 4. Change in business climate Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 9. Internet = Platform for Change Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 10. Change # 1: The Internet drives change Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 11. Ongoing revolution Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 12. Chaos is a factory…. …that creates golden opportunities Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 13. Lesson # 1 Adapt, innovate or become irrelevant Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 14. Action step Move your business processes online Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 15. Change # 2: Social media Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 16. Customers Drive the Conversation “…social media has become massively more important because customers have stopped listening to vendors and analyst/reviewers. Most of your marketing and press/analyst relations are being trumped by customers talking to customers. ” Geoffrey James BNET Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 17. Lesson # 2 Join the conversation Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 18. Action steps • Create a social media policy • Make Twitter, FB, LinkedIn part of your sales process • Don’t cold call, social call Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 19. Change # 3: Tech = Acceleration Leaders Salesforce, Apple, Google, Cisco Followers Dell, Garmin Victims of change Kodak, Encyclopedia Britannica, Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 20. Salesforce.com Market cap: $18 Billion Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 21. Dell Market cap: $26 Billion Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 22. Kodak Market cap: $1.4 Billion Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 23. Lesson # 3 Our core business strategy must be aligned with the opportunities that emerge from the revolutionary trends that transform our world… Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 24. Lesson # 3 or we will become victims of change Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 25. Action step: Lead, follow or get left behind Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 26. Change # 4. The Sales 2.0 Revolution “Sales 2.0 is a more efficient and effective way of selling for the buyer and the seller enabled by technology.” (Anneke Seley, Author Sales 2.0) Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 27. Sales 2.0 Companies Overachieve Sales 1.0 Sales 2.0 Sales Performance Across Performance Performance Performance Levels Comparison Level 1 Level 2 Level 3 % Reps Making Quota 45% 52% 60% % of Company Plan Attainment 75% 80% 84% % Forecast − Wins 42% 47% 53% Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 28. Lesson # 4 Sales 1.0 is dead Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 29. Sales 1.0 is dead • Cold calling • Transactional selling • The traditional sales funnel • Sequential dialing • Lead response delays (MIT Study) • The sales pitch • Sales processes without metrics Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 30. Action step Adopt Sales 2.0 and improve your revenue cycle Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 31. Brainshark’s Sales 2.0 Platform (as of 5/1/10) Web & Sales Social Media Portal Web Analytics Conferencing On-Demand Rich Media Content Marketing Sales Automation Intelligence CRM Salesforce Time & Contact Materials Data Event Corvent Proposal Management Creation E-Mail / Chat Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 32. Change # 5. The Customer Revolution Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 33. Chief Listening Officer Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 34. Customer Success Manager Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 35. Chief Customer Officer Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 36. Co-Create Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 37. Co-create with customers •Ads •Marketing message •Products (Threadless, Fiat 500, Nike) Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 38. Collaborate Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 39. Lesson # 5 In the past we tried to get inside the customer’s mind so we could get a bigger share of the customer’s wallet Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 40. Lesson # 5 Today we need to bring the customer’s mind into our company so we can collaborate and co- create our future Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 41. Change is not enough 1. Adapt, Innovate or become irrelevant 2. Join the social media revolution 3. Align with emerging opportunities 4. Adopt Sales 2.0 to improve revenues 5. Co-create with your customers – make customers part of your value chain Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 42. Create a customer centric revolution Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 43. True north Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 44. Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration
  • 45. True North Sales & Marketing 2.0 Conference, San Francisco November 2010 sales20conf.com/collaboration