How Salespeople Can Create Urgency for Change

Guest post contributed by Tim Riesterer.

As I write this blog, I’m in a hotel room preparing to deliver a keynote for a company whose executives attended my breakout session “Getting the Customer to Do Something Different,” at the Sales & Marketing 2.0 Conference in San Francisco last year. These executives felt that “breaking the status quo barrier” and finding ways to overcome prospect indecision were topics worthy of being featured at their sales kick-off meeting.

They’re right. Beating the status quo is a real challenge for companies today. This isn’t too surprising: salespeople are being given growth objectives by their companies that are greater than the actual growth in the markets in which they compete.

That means just getting your fair share of organic market growth isn’t going to help you achieve your company’s goals. Salespeople now realize that they’re going to have to increase urgency levels among prospects – even before prospects themselves admit they’re ready for change.

What does it takes to get customers to do something different? Today, customers are clearly expecting:

  • More value from their conversations with sellers (going beyond them knowing just what the features and benefits of their products are);
  • Help identifying potential problems or missed opportunities they may not even be aware of; and
  • Insight into how those problems may have a potential impact on their business.

Your customers are so busy trying to keep their businesses going that they don’t have the time to explore these issues themselves. The challenge for you as sellers, then, is to be able to understand the story that the customer is living in, the changes that will impact their story, and how you can help the customer deal most effectively with those changes.

Positioning yourself in this way means most companies will have to reconsider their marketing and sales messages, tools, and training. More than likely, you will need new stories and new skills to succeed at loosening the status quo.

Customers know that your companies are seeing and solving these problems for other companies that look just like them. So they expect salespeople to act that way when they get a meeting. Instead of treating it as an opportunity to tell the company story or introduce new products, customers want you to share insights based on your experiences in the market. After all, you see more people who look like them than they do. So, act that way.

With more than 20 years of sales and marketing experience, Tim Riesterer, Chief Strategy and Marketing Officer at Corporate Visions, is a recognized thought leader, practitioner, and author regarding marketing and sales messaging. Tim’s books, “Customer Message Management” and “Conversations That Win the Complex Sale,” focus on improving sales-ready messages and tools that salespeople can use to create a compelling story that wins more deals.

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Jake Wengroff: How Sales & Marketing Can Achieve Positive Outcomes

Jake Wengroff (Global Director of Social Media Strategy and Research for Frost & Sullivan) was one of our popular speakers in November at our Sales Strategies in a Social & Mobile World conference in Santa Monica. So we’re pleased that he’ll be joining us again at our upcoming Sales Management 2.0 Conference in Philadelphia on March 5.

In addition to his enthusiasm and refreshing candor onstage (no surprise to us that he’s been a guest lecturer in the department of communication at the University of Texas at San Antonio), he’s also got an impressive background managing communications and marketing programs for Chase Manhattan Bank, Bear Stearns, Pitney Bowes, and PricewaterhouseCoopers. At Frost & Sullivan, he helps guide the firm’s market engineering studies, market insights, best practices research, white papers, and other research by evaluating technologies, vendors, influencers, vertical markets, and end users in the social-media ecosystem.

Most important, Jake always does a terrific job of conveying the perspective of marketing to an audience of B2B sales leaders. He’s got lots of tips and best practices to share about how to establish meaningful collaboration between sales and marketing that drives revenue. We look forward to hearing him present on March 5 — check out the full agenda or register now before our early-bird rates expire on February 6.

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B2B Sales Leaders on Twitter: It’s Ok to Self-Promote

Are you a B2B sales leader who is:

just getting started on Twitter?
thinking about getting on Twitter?
trying to be more active on Twitter?
wondering why anyone would use Twitter for business?

If so, The Atlantic has some pretty interesting news for you about how to be better at Twitter based on the findings of a new report (“Who Gives a Tweet? Evaluating Microblog Content Value“). One takeaway? Self-promotional tweets are actually well-liked. “The Twitter ecosystem values learning about new content,” said the authors of the study, whose goal was to find what people like and dislike in a tweet.

The worst offense you can commit on Twitter? Being boring. People liked best the tweets they found informative or funny. Other tips from the researchers at Carnegie Mellon, MIT, and Georgia Tech:

  • provide context (don’t just tweet a link without giving some idea of what’s behind it),
  • keep it short (the better for retweeting),
  • don’t whine (self-explanatory), and
  • “contribute to the story” (add your opinion or fact when you retweet something).

One of our past Sales 2.0 Conference speakers, Jon Ferrara (founder and CEO of Nimble), says social media and “social business” are a natural extension of how sellers have been selling throughout their careers. Share information, listen, and engage in conversation, and you’ll find your voice. (Check out more of his insights in the webinar clip below about using Twitter for effective social business.)

If you’ll be joining us at the Sales Management 2.0 Conference on March 5 in Philadelphia, Barton Goldenberg of ISM will be explore the pros and cons of organizations incorporating social networking into their sales and marketing strategies. His presentation, “Analyzing the Business Value of a ‘Social’ Strategy” kicks off at 9:15 a.m. Get registration info for the Sales Management 2.0 Conference here — check it out before early-bird rates expire on February 6.

And if you’re still doubtful that tweeting has any relevance for B2B sales, you might want to read Anneke Seley’s blog and learn how a 37-character tweet led to multi-thousand dollar opportunity, according to heavyweight sources at IBM and Microsoft. (Anneke is also a past Sales 2.0 Conference speaker who presented on “The Impact of Social Media on Sales: Lessons – and Metrics – from Large & Small Companies” this past November).


Using Twitter For Effective Social Business

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What is “Sales Management 2.0″?

What is Sales Management 2.0?

We’ll explore this concept in detail on March 5 in Philadelphia, with speakers like Barton Goldenberg (Founder & President of ISM and a widely recognized authority on CRM), Nancy Martini (President & CEO of PI Worldwide, an international management company that uses behavioral assessment tools to help companies make important decisions about hiring and managing all kinds of teams, including sales), and Steve Bookbinder (Cofounder & CEO of Digital Media Training — he has has led new business sales teams, founded a global search marketing company, and been a thought leader for a global sales training company.)

Although the “art” of selling will never go away, we expect to hear a lot about how sales managers and leaders can learn to leverage science, analytics, and metrics to perform all traditional sales management practices in better ways. A quick look at the agenda for the March 5 event suggests that Sales Management 2.0 can help managers learn how to:

  • hire and build great teams.
  • produce higher revenue and exceed quotas.
  • collaborate effectively with field and remote reps.
  • establish a faster, better sales process.
  • improve and increase pipeline opportunities.

The result (as Nancy Martini recently pointed out in a recent Selling Power blog post about sales management challenges and how to solve them with science) is predictable, sustainable, and repeatable success.

Registrations are still open for the March 5 Sales Management 2.0 Conference in Philadelphia  (but early-bird rates expire soon — February 6).

Do you have a working definition of what Sales Management 2.0 is, and what it looks like in practice?

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Getting Buy-In for Sales Performance Tools

Image via Naypong, freedigitalphotos.net

Today Chris Cabrera, CEO of Xactly Corp (who will be speaking at our Sales 2.0 Conference in San Francisco on April 2-3), blogged about the problem of getting leadership on board with investing in sales performance tools that make selling easier and faster for sales teams. Why do sales leaders — who should be great at selling, after all — have such trouble with this? Cabrera says it’s imperative to approach this sticking point the same way you would with any deal, by identifying where “the value of the solution with what your customers want to achieve” align. His six tips on pitching new solutions include the following (you can read the full post here):

1. Get agreement on what management wants to accomplish.
2. Be clear about the risk.
3. Understand and define the pain.
4. Demonstrate the ROI of a new solution.
5. Align the new technology with your overall business strategy.
6. Create a roadmap for change management.

Have you recently had trouble getting buy-in for a new solution that you know will help grow sales and support your team? What’s your plan for getting buy-in?

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Seizing End-of-Year B2B Selling Opportunities

(Image via lovemediasales.com)

Hey, it’s December! Time to freak out focus up and ring in 2012 on a high note, right? Right. So, here you go — the top 5 cheery tidings going around the Internet about end-of-year opportunities for B2B sellers:

  1. The Ultimate Missed Opportunity for B2B Sales Professionals: The Customer Strategic Planning Cycle – Jack Dean, FASTpartners Blog
  2. 12 Tips to Close End-of-Year Sales Fast –  Kendra Lee, The Customer Collective
  3. Wrapping it Up: The End-of-Year Sales Team Performance Review  – Ken Eiken, EcSell Institute Blog
  4. 5 Ideas for CRM “End of Year” Fine Tuning — Marci Reynolds, Sales Operations Blog
  5. Where is the B2B Black Friday?  – Jeff McKenna, Chadwick Martin Bailey Research Blog (check the bullet points at the end to find out how B2B sellers can learn from B2C).

More good news: We’ve already started planning how to help you capitalize on new selling opportunities in 2012. Here’s where we’ll be:

March 5, 2012 – Sales Management 2.0 Conference in Philadelphia
April 2-3, 2012 — Sales 2.0 Conference in San Francisco

Register soon to take advantage of our Very Early Bird registration rates (in effect until January 6, 2012 for our March event and March 1, 2012 for our April event).

Do you have specific plans to achieve success in 2012? We invite you to share details in the comments section …

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What Is Your Social Media Strategy? (Advice from HootSuite)

We heard a lot of talk at the Sales Strategies in a Social & Mobile World Conference about using social media metrics for engagement with prospects and as a means of establishing a more efficient and successful sales process. One of our speakers, Darren Suomi, VP of Sales at HootSuite, did a recent Q&A with SellingPower.com on the topic of social media strategies for B2B sales. When asked why B2B sales managers and sales teams need a social media strategy, Suomi answered:

“The question for sales and marketing leaders is not: “What is my social media strategy?” The question is: “What are the goals of my company, team, or department, and how can I fit social media in?”

Check out the full Q&A with Darren Suomi here: “6 Reasons to Engage with Customers in a Social World.”

Are you currently using a social media strategy? How are you measuring ROI?

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Recapping the Santa Monica Sales 2.0 Conference

Attendees continue to post great takeaways & feedback from the Sales Strategies in a Social & Mobile World Conference. Here are some of the reports we’ve seen so far (we’ll continue to update this list as new posts appear).

TIP: Our next event will be March 5, 2012, in Philadelphia. (We’ll be happy to send you an email when the agenda goes live in early December.)

UPDATE 11/17/11/ 3:00 PM PT: Bonnie Navarre blogged her responses to two powerful presentations: Jon Ferrara (“Connecting with Today’s Prospect: Strategies for Success with Social CRM, Mobile Tools & Social Media”) and Jeffrey Hayzlett (“Sales & Marketing Strategies for Growth-Oriented Organizations”) — she also listed some takeaways, including:

  • Change is not an event, it is an activity
  • Be a curator of information, trends, data, content rather than inventing everything from scratch.
  • Social media users have overtaken email users
  • Do you have an elevator pitch down? 110 seconds is about the time that we would have in an elevator in NY to tell our story/sell our idea/share a compelling mission.

UPDATE 11/17/11 2:13 PM PT: Caitlin Roberson writing on the Wordisseur blog observed that alignment between sales & marketing is old news — today, sales and marketing should be synonymous:

“Companies need to establish formal definitions of a qualified sales lead across their organization. Conversations and collaboration must lead to measurable ROI metrics if they have any hope of fueling future success.”

1)  Jim Keenan posted some observations about what conference host Gerhard Gschwandtner called “adoption apathy” in the face of what sales leaders cite as their biggest challenges. According to a 2011 Sales Leadership Priorities Survey from Frost & Sullivan, these challenges include the following:

  • 73% see changes in customer buying behavior as a challenge
  • 77% are feeling commoditization pressures
  • 50% see identifying and qualifying high-potential prospects
  • 22% find it difficult to respond to clients changing business environment
  • 40% want to accelerate the close
  • 22% looking to improve sales reps productivity
  • 22% need to align the sales process with the customers’ purchasing

2) Aaron Ross (author of Predictable Revenue) did this quick video interview with speaker Mark Roberge, VP of Sales at HubSpot, who shared insights on how to use data and analytics to create predictable revenue growth and make better sales management decisions:

3) The folks over at Totango assembled some fantastic lessons learned from speakers and panelists — the post is well worth reading in full detail, but here’s a preview of their thoughts:

  • Attract many, then focus on filtering.
  • Give all salespeople a social media address.
  • Deliver value first, sell later.
  • Use online demos to drive sales.
  • Consider a territory model based on social proximity.
  • Move towards a lower touch model.

Were you at the event? What were your big ah-ha moments, and which speakers brought the best ideas to the table?

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How Sales Managers Can Achieve Higher Close Rates on Inbound Leads

Is your sales team actively closing on the leads that come in from your website? Mark Roberge (VP of Sales at HubSpot) will discuss how to build a scalable, repeatable sales process today at the Sales Strategies in a Social & Mobile World Conference in Santa Monica — here are a few ways sales managers can start exercising some lead management best practices to achieve higher revenues and more closed deals.

Start tracking data and performance indicators. There are some basic statistics that you can probably track with your CRM system’s built-in reporting, such as which leads were actually worked on by a sales representative, which leads became viable sales opportunities, and which leads closed and became customers.

Collect your data in a spreadsheet. Look at what common traits exist among leads that closed and those that did not. Examine the size of the company (either in dollars or number of employees), the budget for this particular challenge, the challenge that brought the lead to you, and the responsiveness of the lead to outbound communications. This will inform how you should assign leads among your reps. For example, give small business leads to reps who have a track record of excelling with those leads.

Manage the leads by rep. Some sales reps would rather churn through a large volume of leads of questionable quality, but the idea of a good inbound marketing and lead- management strategy is to pass along higher-quality leads to each rep (which might mean lower volume). Show specific examples to each salesperson to support this culture change – remind them of their historical success with this type of lead, for example. If they’re just not excited, offer to run a competition between the reps who do want the leads and the ones who do not and see whose performance wins over the next sales period. Reps will find that those who no longer need to filter through junk leads will win more often.

Once you’ve determined what those crucial data points are for your business, make sure that you collect that data early and often. Communicate with marketing to make sure website forms ask for useful data, and build a system for funneling this info into your CRM system automatically so that as new leads come into the system they are assigned to the best rep. It will be easier to focus your further training and skill development as well, once you know which particular skills and problems best position your salespeople for success down the line.

This is a guest post by Brian Whalley, a marketing manager at HubSpot. HubSpot is an inbound marketing and lead management software company based in Cambridge, MA.

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4 Obvious Prospecting Tips for Your Twitter Profile

Today’s guest post is by Barbara Giamanco. Barb capped her corporate sales career at Microsoft, where she created a new sales channel worth $1M in new revenue in the first year. She is coauthor of The New Handshake: Sales Meets Social Media. On November 15 she will present “Sales Meets Social: Identifying & Reaching High-Profile Prospects” at the Sales Strategies in a Social & Mobile World Conference, in Santa Monica.

Yesterday I shared how sales professionals can optimize their LinkedIn profiles to become more “connectable” with prospects. Today I’ll share my tips for optimizing your Twitter profile so that it’s easy for people to get in touch with you. Remember: Buyers are impatient. The more barriers you put up, the more likely they are to move on to your competition.

Here are four changes you can make right now to your Twitter profile to capitalize on prospecting opportunities:

1) Add your phone number to your profile headline.

Some people might disagree with me on this one. The concern I’ve heard most often is that in doing so people leave themselves open to be stalked by salespeople with something to sell. Thinking as the salesperson that I am, I want you–my future customer–to call me if that’s your preference. Besides, you can use a service that lets you easily monitor incoming phone calls. I use Google Voice.

2) Arrange to have an email sent to you from Twitter whenever someone sends you a direct message (DM) on Twitter.

I don’t converse via DM often, so I find this particularly helpful in responding to people who choose to use DM to communicate. Heaven forbid that someone I’m connected to has an interest in purchasing my services and decides to use DM to reach me, but I don’t see the message for days or weeks.

3) Arrange to have an email sent to you from Twitter whenever you get a mention or an @reply in a Tweet.

It is likely that you’ll see the message more quickly via email and then you can quickly respond online or by reaching out to the individual directly.

4) Have an email notification sent to your inbox or your mobile device whenever you get a new Twitter follower.

Schedule time into your day to check out the profiles of people choosing to follow you. You never know when that might turn into a sales lead!

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