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To
                                     Your 

 Keys                                     Engine


Bryan Ferguson
www.linkedin.com/in/bryanrferguson
Introduction

               This SlideShare is a summary of 18
               Keys to Revving up Your Sales 2.0
               Engine.

               To download the complete eBook,
               which includes detailed analysis,
               charts and recommendations, visit
               the following link:

               http://www.amazon.com/Keys-Revving-
               Sales-Engine-ebook/dp/B008NWT742/
What is Sales 2.0?

Sales 2.0 has transformed the way best-in-class sales organizations
benchmark and elevate sales performance.
What is Sales 2.0?

Unifying a new mix of people, culture, processes, and technology,
Sales 2.0 is turning the enigmatic art of sales into a precision science –
dramatically increasing revenue at lower cost.

 Sales 2.0 People
 Integrating sales, marketing and operations to focus on processes,
 technology, problem solving, and building real value for customers.

 Sales 2.0 Processes
 implementing sales and marketing processes that are measurable,
 repeatable, and scalable, and which can be optimized over time

Sales 2.0 Technology
Optimizing sales and marketing activities from prospect nurturing, to
process automation, to helping reps to work smarter and more effectively.

Sales 2.0 Culture
Fostering an agile and collaborative environment built on best in class
                                                                            Sales 2.0 Engine Powered By:
technology, measurable processes, and customer success.
                                                                              Successful integration of people,
                                                                             culture, processes and technology
The 6 Essential Sales 2.0 Metrics

Best in class sales organizations are deploying Sales 2.0 best practices
to dramatically improve performance. They are focusing on the
following metrics.
          Increasing LTV (Life Time Value)     Decreasing CAC (Customer
          Overcome product commoditization     Acquisition Cost)
          by selling expertise and long term   Overcome sales complexity by
          customer success                     optimizing ROI on all marketing and
                                               sales processes

          Increasing Volume                     Increasing Velocity
          Overcome sales bottlenecks by         Overcome lengthy sales cycles by
          measuring and optimizing funnel       establishing value clarity early and
          conversions                           embracing just-in-time-selling


          Increasing Predictability             Increasing Scalability Overcome
          Overcome irregular sales output by    growth limitations by maintaining a
          making the components of the sales    healthy CAC to LTV balance as
          engine measurable and repeatable      volume increases
What is Sales 2.0?

As the traditional sales model crumbles, becoming untenably
expensive, slow, and unpredictable, it's now essential that EVERY
sales organization adopt Sales 2.0 and relentlessly focus on these
6 Essential Metrics to remain competitive.




This guide will walk you through the 18 Keys to Revving up Your
Sales 2.0 Engine and how each key, successfully integrated, will
dramatically improve the 6 Essential Sales 2.0 Metrics.
1) Shift Towards Inbound Marketing

Inbound Marketing leads are
                                                                              Traditional
less expensive, close faster, and                                             Marketing
are more scalable.
Inbound marketing pulls your prospects in
with valuable and relevant content, earning
their trust and attention. They find you.

Inbound leads generally arrive Sales Ready
(key 12) – they are educated, trusting,                   Inbound Marketing
engaged and self-qualified. They typically
close faster, close at a higher percentage,
and have a higher LTV (Life Time Value).


          Shift a greater part of your marketing budget and attention towards
          generating inbound leads. Develop compelling, relevant and highly valuable
          content for the key personas in your sales process.
2) Expand the Role of Inside Sales

Inside sales has become more cost                                               Outside Sales
                                                                                is expensive
effective for selling remotely, selling in
volume, selling over the web, and
selling to today’s Web 2.0 buyer.
With Today’s Web 2.0 buyer seeking anytime,
anywhere engagement over the phone, web, and
social channels, face to face meetings are increasingly
expensive and out of sync with buyer expectations.
Inside sales is rooted in processes which are
measurable, repeatable, and scalable. Inside sales is
more cost effective selling remotely and in volume
even for complex B2B sales.                                  Lower CAC with Inside Sales

          Where possible move outside sales processes and activities to inside sales
          and inside sales to self-service to dramatically lower customer acquisition
          costs.
3) Lower Sales Complexity

As the complexity of selling your product increases, the CAC (Cost
of Customer Acquisition) increases exponentially
Sales complexity is a leading cause of high CAC, a lead weight around any business in a
competitive market.
    Complexity Type         Description
    Product Complexity      Hard to understand, evaluate, configure, test, and review your product
    Purchasing Complexity   Multiple people must be part of evaluation, decision and purchasing; contracts are
                            complex and often custom
    Value Complexity        Difficult to connect product value to complex buyer problems; ROI hard to calculate;
                            hard to create urgency with product or solution
    Price Complexity        Difficult to present, comprehend, and negotiate pricing
    Process Complexity      Sales process is slow, rigid, and labor intensive
    Risk Complexity         Solution carries high cost of failure
    Deployment Complexity   Solution affects many people and departments and require time


           Do whatever it takes to simplify the complexity of your product and sales
           process to accelerate sales and lower overhead.
4) Optimize Sales & Marketing Processes

The Sales 2.0 process mindset:                                        Execute
execute, measure, optimize and
repeat
You’ve heard it before: “What can’t be measured                      Measure
can’t be improved.” One of the core tenants of
Sales 2.0 is taking quantifiable and repeatable
processes in BOTH marketing and sales and                            Optimize
making them better over time.
Process optimization is identifying and
standardizing the best practices that are                             Repeat
repeatable and scalable.


          Review marketing processes (lead acquisition, lead nurturing, campaigns,
          etc.) and sales processes (call and email effectiveness, lead qualification,
          opportunity conversion). Determine how to measure, optimize and scale
          your sales and marketing processes.
5) Measure ROI on Everything

Raw numbers tell you how to manage effort;
ROI tells you how to maximize revenue
                                                                  Raw numbers
Traditional sales organization generally measure raw
numbers, such as the number of activities and the number of
results. Raw numbers allow you to make simple
generalizations, but they don’t tell you the cost effectiveness
of your activities and how to optimize conversions.

ROI is a more effective measurement, which calculated on
the right metrics, shows you how optimize revenue on your
marketing budget and sales activities.


          Connect your raw number to trends and ROI to focus effort and maximize
          revenue. When calculating ROI in your funnel, learn how the following impact
          your numbers: lead source, lead type, lead age, campaign, company size,
          salesperson, industry, region, etc.
6) Empower Your Team with Sales Automation Tools
                                                                                                                            Sales CRM




                                                         Download eBook for recommendations
                                                                                              Sample Sales 2.0 Tools
Turn selling from a slow moving art to a
                                                                                                                        Account Intelligence
fast moving science
                                                                                                                       Marketing Automation
Sales process automation is the foundation of your
                                                                                                                         Account Mapping
high-touch, high-efficiency process-driven sales 2.0
superstars.                                                                                                              Social Networking
                                                                                                                         Sales Forecasting
Select the right automation and intelligence tools to
                                                                                                                         Sales Enablement
empower your team to sell faster, smarter and more
predictably. These tools are also critical to matching                                                                  Web Conferencing
Web 2.0 buyer expectations of persona-driven                                                                                 Contracts
nurturing (key 13), anytime, anywhere engagement,                                                                      Enterprise Networking
and expert business guidance (key 15).
                                                                                                                         Instant Messaging


          Your new Sales 2.0 tools will only be effective in the hands of the right people
          in the right culture. Ensure you Sales 2.0 leaders are effective change agents
          as they empower your team with the right sales automation tools.
7) Turn Marketing 1.0 to Marketing 2.0

With the ability to measure and monetize
conversions from the beginning of the
funnel, Marketing 2.0 has shifted from cost
center to revenue source                                              Monetize Every
                                                                       Conversion
Marketing 2.0 has reinvented the role of marketing. Like
Sales 2.0, Marketing 2.0 focuses on technology, processes
and metrics and tracking conversions from source to sale.
Marketing 2.0 practitioners are no longer just a cost center
– they are accountable for sales success and have a stake in
the revenue.


          Marketing 2.0 successes is no longer based on the quantity of raw leads, it is
          responsible for engaged, contactable, marketing qualified Sales-Ready leads.
          Building a Marketing 2.0 department is essential to the success of your sales
          organization.
8) Fine-Tune Marketing Automation

Leads are not featureless commodities




                                                        Lead Development Stages
                                                                                       Lead Capture
gauged by quantity – they are the
                                                                                  Lead Cleansing & Backfill
lifeblood of your company that require
expert management and cultivation                                                     Lead Nurturing
through marketing automation.                                                     Lead Behavior Tracking
Ensure that you have a clear understanding of what
defines a Sales Ready lead, what data is required at                                    Lead Scoring
each stage of your marketing process, and how to
                                                                                     Lead Distribution
track conversions. Ensure that you have a tight
feedback loop between sales and marketing (key 17)                                Lead Revenue Analysis
to improve the quality of Sales Ready leads (key 12).



          Marketing automation, plus nurturing, scoring, and feedback equal more
          revenue at lower cost.
9) Target Buyer Personas
                                                                                              Profile




                                                          Sample Persona Map Areas
Sell to your prospects buying process,
                                                                                           Pain/Anxiety
not your sales cycle
                                                                                            Motivation
Your goal is to engage prospects as they prefer, not
                                                                                      Position Success Factors
how you prefer, to optimize your message for each
type of person (persona) in their buying process.                                     Engagement Preference
                                                                                          Desired Action
If you don’t understand your buyers (who they are,
                                                                                     Buying Progression Stages
what motivates them, why they buy from you, where
they acquire information online and offline) then it is                              Messaging/Call to Action
recommended that you start by surveying your                                         Objections & Responses
customers and create a persona map and a product                                        Content & Nurtures
positioning document.

          Map out the personas in your marketing and sales processes, connecting
          their motivations to the right messaging, resources, and sales activities.
          Develop persona-driven collateral and messaging for the areas each persona
          acquires information.
10) Nail Your Ideal Customer Profile




                                                             Sample Criteria for ICP
It is almost impossible to excel at Sales                                              Annual Revenue (company)
2.0 without a well-defined ICP (Ideal
                                                                                          Industry (company)
Customer Profile) that drives marketing
and sales focus                                                                        # of employees (company)

Your Ideal Customer Profile (ICP) defines what type of                                 Business Characteristics
company or buyer is the best fit for your product or                                           (company)
service in terms of sales velocity, CAC, and LTV. Your ICP
is the segments of the market that stand to benefit the                                       Title (buyer)
greatest from adopting your solution. The goal is to
target the type of customer where you win the most and                                     Initiatives (buyer)
build your demand generation, lead nurturing, lead
                                                                                       Role in Purchase (buyer)
scoring, and content around this profile.


          Your Sales 2.0 strategy requires an accurate ICP (Ideal Customer Profile) so
          you are focusing on the right target for maximizing profit by increasing deal
          velocity, lowering CAC and increasing LTV.
11) Build a Core Team of A-Players

Sales 2.0 teams have the right mix of                        A-players are the solution
high performance A-players in each
department that are driven,
innovative and collaborative.
Consider the 80/20 principle when building your
team. 20% of the people produce 80% of the
results. The 20% are your A-players. They are the
ones proactively seeking out and overcoming your
most daunting business challenges, leading
innovation, and forging the collaborative culture
required to build your Sales 2.0 organization.


         Build a core group of A-players in sales, marketing and operations that works
         well together. Your core team will focus their passion and energies on your
         highest priorities, mastering Sales 2.0 processes and technology, and building
         real value and solutions for your customers.
12) Focus on Sales Ready Leads

Marketing programs that measure and
optimize the quality of sales ready
leads result in higher ROI
A sales-ready lead is best defined as a 1) prospect in
your target demographic profile 2) who is actively
evaluating your product as a 3) potential solution to
address an existing business problem.

Your Sales 2.0 team should be focused on moving
engaged prospects through the final stages of your
sales cycle, not on foraging for prospects in               Focus on Sales Ready Leads
mountains of demographically unqualified leads.

          Lead scoring, once fine-tuned, will identify prospects that match your Ideal
          Customer Profile, that are genuinely interested in your solution to fulfill a
          legitimate business need. Focusing your Sales 2.0 team on Sales Ready Leads
          will result in significantly higher ROI.
13) Use Multi-Touch Demand Creation

A smart mix of mediums and messages                                      Multi-modal
over multiple sales cycles will yield the                            Email                  Events
                                                               Content Marketing       Social Media
most opportunities.                                              Phone Contact         Direct Mail

Success with Sales 2.0 demand creation increases
dramatically by engaging leads with highly valuable,                     Multi-media
relevant and captivating materials. The goal of lead              Whitepapers               Guides

nurturing is to maintain a relevant and consistent dialog            eBooks            Newsletters
                                                                     Articles               Videos
with viable future customers – regardless of their timing
                                                                      Blogs            Case Studies
to buy.
                                                                    Webinars               Interviews

Marketing should deploy a smart mix of mediums and
messages over multiple sales cycles to generate a sales                      Multi-cycle
ready lead (key 12).                                            Short Term      Mid-Term      Long-Term



          Ensure your lead nurturing efforts are built on attractive and highly valuable
          content tailored to your core personas and leverage multiple forms of media
          systematically over multiple sales cycles.
14) Sell Socially

Web 2.0 prospects are buying from people
and brands they know, like and have
relationships with online. They are buying
socially. Social is a faster and more cost-
effective way of making sales.
The social revolution has given sales reps a new way of
connecting with prospects. Integrated into your Sales
2.0 machine social media will enable your team to sell
more, in less time, with lower cost.




          Social selling allows your Sales 2.0 team to leverage Web 2.0 buyer behavior
          and minimize the high cost of leads. Consider using social selling tools to
          listen to, educate, engage, and sell to your prospects socially.
15) Train Line-Of-Business Experts




                                                            Salesperson 2.0 (LOB Expert)
                                                                                           Web 2.0 information sharing
Today’s 2.0 salesperson is able to
                                                                                             LOB expert acting as P2P
overcome buyer detachment by providing                                                             consultant
real value at each interaction – by                                                        Customer success centric sales
                                                                                                     process
correctly understanding a buyer’s
                                                                                             Solution based discovery
complex business challenges and
                                                                                                  Expert diagnosis
connecting them to a solution and                                                          Presentations only to validate
roadmap for success.                                                                                   value
                                                                                            Connecting complex value to
Product-focused salespeople offer little worth to today’s                                       complex problems
buyers seeking collaborative guidance on mission critical                                   Help the buyer drive the sale
decisions. Salespeople who don’t provide LOB expertise                                               internally
have lost control and have commoditized their product.                                            Integrity driven

          A well trained Sales 2.0 LOB expert is able to analyze and understand the
          causes, consequences, and cost of their customer’s problems. They shift the
          focus from the product to the customer’s objectives, improve value clarity and
          urgency, and build significant trust and credibility.
16) Perfect Your USP (Unique Selling Proposition)

Craft a captivating, disruptive, laser-                                                 You are not everything to




                                                          Rules for Crafting Your USP
                                                                                               everyone!
honed USP that won’t be ignored
                                                                                         Know your competition
Too many organizations have a lazy, ambiguous USP that
fails to articulate why someone should do business with
                                                                                        What do you better than
them. A good USP provides value clarity for your brand,                                    everyone else?
excites potential buyers, and clearly positions your
offering as superior to your competitors.                                               What is overwhelmingly
                                                                                        compelling about your
Develop a USP that cuts through the clutter and                                           product or service?
positions your brand as the unmistakable best and
                                                                                        Make it short and concise
ONLY choice.
                                                                                            Turn some heads


          A well-crafted USP is one of the best vehicles for engaging and providing
          value clarity to new prospects. Integrate your USP into all marketing and
          sales messaging.
17) Unite Sales and Marketing

A “Smarketing” union of sales and                                                         Sales and marketing join forces to




                                                             Examples of “Smarketing”
                                                                                          measure and improve conversion
marketing talent, process, technology, and                                                   rates throughout the funnel

culture is the key your Sales 2.0 funnel                                                 Sales and marketing focus on lead
                                                                                         quality and jointly develop quality
In Sales 2.0, the overlap between marketing and sales is                                             standards.
huge: both are focused on conversions and velocity in the                                Sales and marketing collaborate on
funnel; both are obsessed with metrics and ROI; and both                                 optimizing messaging and collateral
are accountable for revenue generation.                                                 for each persona at each stage in the
                                                                                                      funnel.

Smarketing talent must collaborate incessantly and work                                  Sales and marketing become experts
well together, must be fluent in each other’s disciplines,                              in each other’s disciplines; they speak
                                                                                                 the same language.
must integrate their core technologies, and must
genuinely focus on the success of the customer.                                          Sales and marketing technology are
                                                                                               integrated and seamless.


          Sales and Marketing are now intertwined and have become “Smarketing.”
          They are both are accountable and rewarded for optimizing conversions
          throughout the funnel.
18) Embrace Sales Management 2.0

Your Sales 2.0 Manager is a different




                                                          Examples 2.0 Manager
                                                                                      Instinct validated by metrics

breed – a hybrid mix of marketing and                                             Provides baselines, clear objectives
                                                                                    and the room to execute on the
sales talent, system smarts, and goal-                                                        objectives
oriented leadership.                                                              Measures results over style; focused
                                                                                     on improvement of results
To succeed with Sales 2.0 you need Sales 2.0 Manager.
                                                                                 Entire team successful, predicable and
Your Sales 2.0 Manager knows how to develop sales                                             manageable
techniques that are measurable, repeatable, and
scalable, and which can be optimized over time. Your                                 Uses technology to empower
Sales 2.0 Manager knows how to leverage sales                                              Hires LOB experts
technology for optimizing every sales activity. Your
                                                                                         Applies best practices
Sales 2.0 Manager hires and trains LOB expert that sell
by connecting value to complex problems.                                               Individual and team goals



          The Sales 2.0 Manager is an involved, information sharing, metric driven,
          process and goal-oriented leader in touch with the needs of his team.
Summary

While building a solid Sales 2.0 foundation requires the right people, technology,
discipline and a lot of hard work, it is critical in today’s selling climate to make this
transition. Aim to integrate the 18 keys outlined in this guide into your Sales 2.0
transition plan to see your high-performance sales organization takeoff.
Thank You!

             Bryan Ferguson
             Phone: 858-405-0249
             Email: bryanferg@gmail.com
             Twitter: Bryan_Ferguson
             LinkedIn: www.linkedin.com/in/bryanrfergusonferguson




                To download complete EBook:

                http://www.amazon.com/Keys-Revving-Sales-
                Engine-ebook/dp/B008NWT742/

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18 Keys to Revving up Your Sales 2.0 Engine - by Bryan Ferguson

  • 1. To Your  Keys Engine Bryan Ferguson www.linkedin.com/in/bryanrferguson
  • 2. Introduction This SlideShare is a summary of 18 Keys to Revving up Your Sales 2.0 Engine. To download the complete eBook, which includes detailed analysis, charts and recommendations, visit the following link: http://www.amazon.com/Keys-Revving- Sales-Engine-ebook/dp/B008NWT742/
  • 3. What is Sales 2.0? Sales 2.0 has transformed the way best-in-class sales organizations benchmark and elevate sales performance.
  • 4. What is Sales 2.0? Unifying a new mix of people, culture, processes, and technology, Sales 2.0 is turning the enigmatic art of sales into a precision science – dramatically increasing revenue at lower cost. Sales 2.0 People Integrating sales, marketing and operations to focus on processes, technology, problem solving, and building real value for customers. Sales 2.0 Processes implementing sales and marketing processes that are measurable, repeatable, and scalable, and which can be optimized over time Sales 2.0 Technology Optimizing sales and marketing activities from prospect nurturing, to process automation, to helping reps to work smarter and more effectively. Sales 2.0 Culture Fostering an agile and collaborative environment built on best in class Sales 2.0 Engine Powered By: technology, measurable processes, and customer success. Successful integration of people, culture, processes and technology
  • 5. The 6 Essential Sales 2.0 Metrics Best in class sales organizations are deploying Sales 2.0 best practices to dramatically improve performance. They are focusing on the following metrics. Increasing LTV (Life Time Value) Decreasing CAC (Customer Overcome product commoditization Acquisition Cost) by selling expertise and long term Overcome sales complexity by customer success optimizing ROI on all marketing and sales processes Increasing Volume Increasing Velocity Overcome sales bottlenecks by Overcome lengthy sales cycles by measuring and optimizing funnel establishing value clarity early and conversions embracing just-in-time-selling Increasing Predictability Increasing Scalability Overcome Overcome irregular sales output by growth limitations by maintaining a making the components of the sales healthy CAC to LTV balance as engine measurable and repeatable volume increases
  • 6. What is Sales 2.0? As the traditional sales model crumbles, becoming untenably expensive, slow, and unpredictable, it's now essential that EVERY sales organization adopt Sales 2.0 and relentlessly focus on these 6 Essential Metrics to remain competitive. This guide will walk you through the 18 Keys to Revving up Your Sales 2.0 Engine and how each key, successfully integrated, will dramatically improve the 6 Essential Sales 2.0 Metrics.
  • 7. 1) Shift Towards Inbound Marketing Inbound Marketing leads are Traditional less expensive, close faster, and Marketing are more scalable. Inbound marketing pulls your prospects in with valuable and relevant content, earning their trust and attention. They find you. Inbound leads generally arrive Sales Ready (key 12) – they are educated, trusting, Inbound Marketing engaged and self-qualified. They typically close faster, close at a higher percentage, and have a higher LTV (Life Time Value). Shift a greater part of your marketing budget and attention towards generating inbound leads. Develop compelling, relevant and highly valuable content for the key personas in your sales process.
  • 8. 2) Expand the Role of Inside Sales Inside sales has become more cost Outside Sales is expensive effective for selling remotely, selling in volume, selling over the web, and selling to today’s Web 2.0 buyer. With Today’s Web 2.0 buyer seeking anytime, anywhere engagement over the phone, web, and social channels, face to face meetings are increasingly expensive and out of sync with buyer expectations. Inside sales is rooted in processes which are measurable, repeatable, and scalable. Inside sales is more cost effective selling remotely and in volume even for complex B2B sales. Lower CAC with Inside Sales Where possible move outside sales processes and activities to inside sales and inside sales to self-service to dramatically lower customer acquisition costs.
  • 9. 3) Lower Sales Complexity As the complexity of selling your product increases, the CAC (Cost of Customer Acquisition) increases exponentially Sales complexity is a leading cause of high CAC, a lead weight around any business in a competitive market. Complexity Type Description Product Complexity Hard to understand, evaluate, configure, test, and review your product Purchasing Complexity Multiple people must be part of evaluation, decision and purchasing; contracts are complex and often custom Value Complexity Difficult to connect product value to complex buyer problems; ROI hard to calculate; hard to create urgency with product or solution Price Complexity Difficult to present, comprehend, and negotiate pricing Process Complexity Sales process is slow, rigid, and labor intensive Risk Complexity Solution carries high cost of failure Deployment Complexity Solution affects many people and departments and require time Do whatever it takes to simplify the complexity of your product and sales process to accelerate sales and lower overhead.
  • 10. 4) Optimize Sales & Marketing Processes The Sales 2.0 process mindset: Execute execute, measure, optimize and repeat You’ve heard it before: “What can’t be measured Measure can’t be improved.” One of the core tenants of Sales 2.0 is taking quantifiable and repeatable processes in BOTH marketing and sales and Optimize making them better over time. Process optimization is identifying and standardizing the best practices that are Repeat repeatable and scalable. Review marketing processes (lead acquisition, lead nurturing, campaigns, etc.) and sales processes (call and email effectiveness, lead qualification, opportunity conversion). Determine how to measure, optimize and scale your sales and marketing processes.
  • 11. 5) Measure ROI on Everything Raw numbers tell you how to manage effort; ROI tells you how to maximize revenue Raw numbers Traditional sales organization generally measure raw numbers, such as the number of activities and the number of results. Raw numbers allow you to make simple generalizations, but they don’t tell you the cost effectiveness of your activities and how to optimize conversions. ROI is a more effective measurement, which calculated on the right metrics, shows you how optimize revenue on your marketing budget and sales activities. Connect your raw number to trends and ROI to focus effort and maximize revenue. When calculating ROI in your funnel, learn how the following impact your numbers: lead source, lead type, lead age, campaign, company size, salesperson, industry, region, etc.
  • 12. 6) Empower Your Team with Sales Automation Tools Sales CRM Download eBook for recommendations Sample Sales 2.0 Tools Turn selling from a slow moving art to a Account Intelligence fast moving science Marketing Automation Sales process automation is the foundation of your Account Mapping high-touch, high-efficiency process-driven sales 2.0 superstars. Social Networking Sales Forecasting Select the right automation and intelligence tools to Sales Enablement empower your team to sell faster, smarter and more predictably. These tools are also critical to matching Web Conferencing Web 2.0 buyer expectations of persona-driven Contracts nurturing (key 13), anytime, anywhere engagement, Enterprise Networking and expert business guidance (key 15). Instant Messaging Your new Sales 2.0 tools will only be effective in the hands of the right people in the right culture. Ensure you Sales 2.0 leaders are effective change agents as they empower your team with the right sales automation tools.
  • 13. 7) Turn Marketing 1.0 to Marketing 2.0 With the ability to measure and monetize conversions from the beginning of the funnel, Marketing 2.0 has shifted from cost center to revenue source Monetize Every Conversion Marketing 2.0 has reinvented the role of marketing. Like Sales 2.0, Marketing 2.0 focuses on technology, processes and metrics and tracking conversions from source to sale. Marketing 2.0 practitioners are no longer just a cost center – they are accountable for sales success and have a stake in the revenue. Marketing 2.0 successes is no longer based on the quantity of raw leads, it is responsible for engaged, contactable, marketing qualified Sales-Ready leads. Building a Marketing 2.0 department is essential to the success of your sales organization.
  • 14. 8) Fine-Tune Marketing Automation Leads are not featureless commodities Lead Development Stages Lead Capture gauged by quantity – they are the Lead Cleansing & Backfill lifeblood of your company that require expert management and cultivation Lead Nurturing through marketing automation. Lead Behavior Tracking Ensure that you have a clear understanding of what defines a Sales Ready lead, what data is required at Lead Scoring each stage of your marketing process, and how to Lead Distribution track conversions. Ensure that you have a tight feedback loop between sales and marketing (key 17) Lead Revenue Analysis to improve the quality of Sales Ready leads (key 12). Marketing automation, plus nurturing, scoring, and feedback equal more revenue at lower cost.
  • 15. 9) Target Buyer Personas Profile Sample Persona Map Areas Sell to your prospects buying process, Pain/Anxiety not your sales cycle Motivation Your goal is to engage prospects as they prefer, not Position Success Factors how you prefer, to optimize your message for each type of person (persona) in their buying process. Engagement Preference Desired Action If you don’t understand your buyers (who they are, Buying Progression Stages what motivates them, why they buy from you, where they acquire information online and offline) then it is Messaging/Call to Action recommended that you start by surveying your Objections & Responses customers and create a persona map and a product Content & Nurtures positioning document. Map out the personas in your marketing and sales processes, connecting their motivations to the right messaging, resources, and sales activities. Develop persona-driven collateral and messaging for the areas each persona acquires information.
  • 16. 10) Nail Your Ideal Customer Profile Sample Criteria for ICP It is almost impossible to excel at Sales Annual Revenue (company) 2.0 without a well-defined ICP (Ideal Industry (company) Customer Profile) that drives marketing and sales focus # of employees (company) Your Ideal Customer Profile (ICP) defines what type of Business Characteristics company or buyer is the best fit for your product or (company) service in terms of sales velocity, CAC, and LTV. Your ICP is the segments of the market that stand to benefit the Title (buyer) greatest from adopting your solution. The goal is to target the type of customer where you win the most and Initiatives (buyer) build your demand generation, lead nurturing, lead Role in Purchase (buyer) scoring, and content around this profile. Your Sales 2.0 strategy requires an accurate ICP (Ideal Customer Profile) so you are focusing on the right target for maximizing profit by increasing deal velocity, lowering CAC and increasing LTV.
  • 17. 11) Build a Core Team of A-Players Sales 2.0 teams have the right mix of A-players are the solution high performance A-players in each department that are driven, innovative and collaborative. Consider the 80/20 principle when building your team. 20% of the people produce 80% of the results. The 20% are your A-players. They are the ones proactively seeking out and overcoming your most daunting business challenges, leading innovation, and forging the collaborative culture required to build your Sales 2.0 organization. Build a core group of A-players in sales, marketing and operations that works well together. Your core team will focus their passion and energies on your highest priorities, mastering Sales 2.0 processes and technology, and building real value and solutions for your customers.
  • 18. 12) Focus on Sales Ready Leads Marketing programs that measure and optimize the quality of sales ready leads result in higher ROI A sales-ready lead is best defined as a 1) prospect in your target demographic profile 2) who is actively evaluating your product as a 3) potential solution to address an existing business problem. Your Sales 2.0 team should be focused on moving engaged prospects through the final stages of your sales cycle, not on foraging for prospects in Focus on Sales Ready Leads mountains of demographically unqualified leads. Lead scoring, once fine-tuned, will identify prospects that match your Ideal Customer Profile, that are genuinely interested in your solution to fulfill a legitimate business need. Focusing your Sales 2.0 team on Sales Ready Leads will result in significantly higher ROI.
  • 19. 13) Use Multi-Touch Demand Creation A smart mix of mediums and messages Multi-modal over multiple sales cycles will yield the Email Events Content Marketing Social Media most opportunities. Phone Contact Direct Mail Success with Sales 2.0 demand creation increases dramatically by engaging leads with highly valuable, Multi-media relevant and captivating materials. The goal of lead Whitepapers Guides nurturing is to maintain a relevant and consistent dialog eBooks Newsletters Articles Videos with viable future customers – regardless of their timing Blogs Case Studies to buy. Webinars Interviews Marketing should deploy a smart mix of mediums and messages over multiple sales cycles to generate a sales Multi-cycle ready lead (key 12). Short Term Mid-Term Long-Term Ensure your lead nurturing efforts are built on attractive and highly valuable content tailored to your core personas and leverage multiple forms of media systematically over multiple sales cycles.
  • 20. 14) Sell Socially Web 2.0 prospects are buying from people and brands they know, like and have relationships with online. They are buying socially. Social is a faster and more cost- effective way of making sales. The social revolution has given sales reps a new way of connecting with prospects. Integrated into your Sales 2.0 machine social media will enable your team to sell more, in less time, with lower cost. Social selling allows your Sales 2.0 team to leverage Web 2.0 buyer behavior and minimize the high cost of leads. Consider using social selling tools to listen to, educate, engage, and sell to your prospects socially.
  • 21. 15) Train Line-Of-Business Experts Salesperson 2.0 (LOB Expert) Web 2.0 information sharing Today’s 2.0 salesperson is able to LOB expert acting as P2P overcome buyer detachment by providing consultant real value at each interaction – by Customer success centric sales process correctly understanding a buyer’s Solution based discovery complex business challenges and Expert diagnosis connecting them to a solution and Presentations only to validate roadmap for success. value Connecting complex value to Product-focused salespeople offer little worth to today’s complex problems buyers seeking collaborative guidance on mission critical Help the buyer drive the sale decisions. Salespeople who don’t provide LOB expertise internally have lost control and have commoditized their product. Integrity driven A well trained Sales 2.0 LOB expert is able to analyze and understand the causes, consequences, and cost of their customer’s problems. They shift the focus from the product to the customer’s objectives, improve value clarity and urgency, and build significant trust and credibility.
  • 22. 16) Perfect Your USP (Unique Selling Proposition) Craft a captivating, disruptive, laser- You are not everything to Rules for Crafting Your USP everyone! honed USP that won’t be ignored Know your competition Too many organizations have a lazy, ambiguous USP that fails to articulate why someone should do business with What do you better than them. A good USP provides value clarity for your brand, everyone else? excites potential buyers, and clearly positions your offering as superior to your competitors. What is overwhelmingly compelling about your Develop a USP that cuts through the clutter and product or service? positions your brand as the unmistakable best and Make it short and concise ONLY choice. Turn some heads A well-crafted USP is one of the best vehicles for engaging and providing value clarity to new prospects. Integrate your USP into all marketing and sales messaging.
  • 23. 17) Unite Sales and Marketing A “Smarketing” union of sales and Sales and marketing join forces to Examples of “Smarketing” measure and improve conversion marketing talent, process, technology, and rates throughout the funnel culture is the key your Sales 2.0 funnel Sales and marketing focus on lead quality and jointly develop quality In Sales 2.0, the overlap between marketing and sales is standards. huge: both are focused on conversions and velocity in the Sales and marketing collaborate on funnel; both are obsessed with metrics and ROI; and both optimizing messaging and collateral are accountable for revenue generation. for each persona at each stage in the funnel. Smarketing talent must collaborate incessantly and work Sales and marketing become experts well together, must be fluent in each other’s disciplines, in each other’s disciplines; they speak the same language. must integrate their core technologies, and must genuinely focus on the success of the customer. Sales and marketing technology are integrated and seamless. Sales and Marketing are now intertwined and have become “Smarketing.” They are both are accountable and rewarded for optimizing conversions throughout the funnel.
  • 24. 18) Embrace Sales Management 2.0 Your Sales 2.0 Manager is a different Examples 2.0 Manager Instinct validated by metrics breed – a hybrid mix of marketing and Provides baselines, clear objectives and the room to execute on the sales talent, system smarts, and goal- objectives oriented leadership. Measures results over style; focused on improvement of results To succeed with Sales 2.0 you need Sales 2.0 Manager. Entire team successful, predicable and Your Sales 2.0 Manager knows how to develop sales manageable techniques that are measurable, repeatable, and scalable, and which can be optimized over time. Your Uses technology to empower Sales 2.0 Manager knows how to leverage sales Hires LOB experts technology for optimizing every sales activity. Your Applies best practices Sales 2.0 Manager hires and trains LOB expert that sell by connecting value to complex problems. Individual and team goals The Sales 2.0 Manager is an involved, information sharing, metric driven, process and goal-oriented leader in touch with the needs of his team.
  • 25. Summary While building a solid Sales 2.0 foundation requires the right people, technology, discipline and a lot of hard work, it is critical in today’s selling climate to make this transition. Aim to integrate the 18 keys outlined in this guide into your Sales 2.0 transition plan to see your high-performance sales organization takeoff.
  • 26. Thank You! Bryan Ferguson Phone: 858-405-0249 Email: bryanferg@gmail.com Twitter: Bryan_Ferguson LinkedIn: www.linkedin.com/in/bryanrfergusonferguson To download complete EBook: http://www.amazon.com/Keys-Revving-Sales- Engine-ebook/dp/B008NWT742/