Entrepreneurial Selling and Branding Tips for Founders [Webinar Recording]
Entrepreneurial Selling and Branding Tips for Founders
[Webinar Recording]
[Webinar Recording]
[Guide]
[Webinar Recording]
Each month I have the privilege of facilitating a by-invitation-only Executive Open Bar peer discussion. We pick a topic, share what’s working, give advice, and basically help our fellow Sales Leaders succeed (email me at if you want an invite or have a request).
Here we are 6 months into quarantine. What’s working and what’s not?
We put our minds together and shared some great tips, tricks and insights that we hope will help you and your teams. Check your trends against your peers below:
Digital Onboarding & Training – a few are having great success here. Virtual new hire onboarding is working!
We’re over the excuses. Most of us are finding ways to hit goals and holding teams accountable to full targets.
We’re getting the interest and filling the pipeline. We’ve pivoted offerings, markets, industries and payment terms to make it happen. We’re just stalling at the 1 yard line. Best answer: a few creative financing solutions to help CFO’s say yes and close the deal (see below).
We’re getting GOOD at this. 10+ ways to keep the team engaged:
Especially now that we’re all virtual, leaders paying double for virtual and field are working on new strategies. Best advice? Create a threshold – deals below a given dollar range or account potential range stay inside. Those above the line go to a more experienced rep to help close it while still compensating the original inside rep when it’s won. Right now, more experience won’t hurt us with challenging deal closing.
We’re looking for non-event lead gen, and our audiences are fatigued with theoretical webinars that are mostly pitch. Goal: Keep it tactical to drive attendance and require more info on your forms so you can get quality, if not quantity.
Several leaders are using data crawling tools like “6Sense” to target buyers searching for our services. These tools watch our searches and can rate our readiness to buy based on our frequency, recency, and other search values.
Across the board deals are stalling on the 1 yard line. Companies are scared to make that extra investment, and those who have the dollars now are unsure what Q1 2021 looks like. Hoarding is definitely an option. What’s worked? Delaying payment, quarterly payments, signing incentives (add-on products or time) pause and convenience clauses. We’re finding incentives for risk-averse CFOs and differentiating our offers to get the yes first.
Their involvement in deals has nearly DOUBLED according to Chorus. They are monitoring total spend and measuring risk on every dollar. Join us for a webinar in September (or sign up to receive the recording) to get advice straight from the source where LB is joined by four CFO’s with advice for sellers.
[Guide]
[Webinar Recording]
Welcome friends to a new decade! One we so humbly term, The Decade of Sales
Funny that this calendar turn has happened a bit under the radar. I mean, remember the turn from 1999 to 2000 and the point where we all realized that it was actually no big deal? Living near the west coast made it even funnier for me. I mean why would my world explode when clearly the east coast and central time zones survived just fine.
And although no one is labeling this new decade as one to fear or really any big deal, I think that it is. In fact, if you’re a sales leader this is an even bigger deal than Y2K. Why? Because this is OUR decade.
In the past ten years, most of the major advancements we’ve seen in sales have come from our customers, from marketing, and from technology. Think about it:
The customer journey. We’ve heard this ad-nauseum by now but it was big and it was real. Customers don’t need salespeople for the first 70+ percent of their buying journey. It’s made our inbound calls more critical and put more pressure on our sales reps and our product demos.
Mar-com. Marketing tooled up you guys. If we agree that the last decade’s biggest shift was with our customers, I think our marketing departments took fast action and finished the decade neck and neck with the customer. They found ways to measure and track our customer’s journey well before they touched our sales departments.
Tools & Tech. Holy cow ya’ll. The average rep now has between seven and eight tools at their fingertips. When we started the decade a CRM and maybe a dialer were the only real requirements, and now we have the cadence tools, the conversation intelligence tools, the data tools, the website or customer scoring and nurturing tools from marketing, dashboard add-ons and gamification as nearly standard. Doubtful this was big? Consider the terms “Tech Stack” and “Sales Enablement” weren’t even terms in 2009.
The outcome? Sales leadership, marketing leadership, and our customers expect more from our sales departments. Now ask yourself this important question:
How has your rep and manager development grown to accommodate this in the past 10 years?
If we’ve been tracking, I would expect to see:
The first time I presented the statistic on what percent of customers trust salespeople was somewhere in mid 2018. Since then, I’ve redone my slides about three times as the statistic has dropped to an embarrassing three percent.
Take heart, we’re still 1.5 points above politicians, but be clear we’re at the bottom folks. Customers don’t see us as trusted advisors. We’ve lost important ground here.
And while we’ve been in this invisible battle against progress, our hiring pools have shrunk and our roles have specialized. Ten years ago we had reps. Some teams had hunters and farmers. Now we have a complex system of BDR/SDR’s handing off to AE’s who move the account to Account Managers or Customer Success (don’t even get me started on how SaaS and VC have changed our game!). Pile this specialization on the heap of “We expect more from our sales teams” while leaders like you are doing so with less and less experienced reps.
Ten years ago, the average lifespan of an inside sales rep was above two years. The latest statistic from The Bridge Group shows us at about 1.5 years today. Unemployment is at an all-time low and we’re in a war for talent with higher attrition rates.
Sadly, this means we have less time to cram more skills into a less-experienced and soon to leave new hire. This tells me why as an industry we’ve added a lot of sales process and a lot of sales scripts to the mix. Yes, the more we can standardize, the less we have to teach. Brilliant!
Until our teams talk to our customers. I don’t think it’s a coincidence that our customer experience and trust is plummeting alongside our rep tenure. People don’t like the over-processed and over-scripted sales experience. Not customers. Not reps.
So now that I’ve painted such a gloomy picture, what do we do about it? I humbly propose that we look at the next ten years as our opportunity. Hell, not just our opportunity, but our time. Our chance. Our TURN. Our decade. The decade we take BACK the sales process and the customer experience and the rep experience and teach us all to love sales again.
How? By turning to the last frontier we have as sales leaders. The human frontier.
I’ve heard this called re-humanizing sales from my friends at BombBomb and I love it. My friends at Ambition talk about it as the heart (think of the CRM as the brain, the cadence tool as the muscle, and the rep engagement tools as the heart).
If we approach this decade as one where we work with our people – our front line brand new hire BDR all the way to our senior leadership team on their development and engagement, customer engagement will follow.
I call for fewer scripts and more sales training!
I call for more certification programs and career paths to keep reps onboard longer!
I call for more customer-focused messaging and QA forms!
I call for custom and shorter demos!
I call for more rep coaching sessions and manager/rep engagement!
We’ll know we are on the right track when we see our teams start to reduce turnover. When we have a consistent annual budget line-item for development. When we partner more closely with our training and enablement departments. When we teach skills before adding tools. When we convert more inbound leads, have longer BDR calls and higher demo show rates, when our trust percentage climbs back into the double digits, and finally, when we hear more new hires talk about their decision to get into sales on purpose.
How many times have you talked about sales careers with someone who started their story with, “Well, I really wound up in sales on accident…”? I’d say upward of 80%. Leaders, that’s not OK. We have one of the most rewarding, flexible and highest-paid professions out there. I want my kids to seek out a sales degree and get excited about their futures in sales! I want that for every new hire each of us make this year, and next, and the next.
We have a big hill to climb. And it’s our job to lead from the front. Get loud. Get proud. (Yeah, it’s sounding a bit like coming out of the closet here, but isn’t that really what we’re doing!?) Let’s shout about our profession from the rooftops and encourage our comrades to do the same. Our future selves will thank us for the help we’re lending toward improved recruiting and attrition. Let’s draw more people to sales and keep them longer by making it the best damn profession out there.
Check it out everyone, the mantra for the decade:
“I’M IN SALES!”
I invite all of my fellow sales professionals to join this movement. It’s our time now.
I had the great pleasure of appearing with an all-star cast of Inside Sales experts giving advice to Inside Sales leaders for 2018 sales management strategy planning. Check out the video hosted by Ambition and featuring Jared Houghton, Trish Bertuzzi, Steve Richard, and myself. Tips to find:
1. Start With Where: What Channels Should Drive Revenue?
2. War For Talent: Recognize the Need for New Hire Training.
3. Stop Selling Pens: Make Candidates Reach a Gatekeeper.
4. Use Call Recordings: Let New Hires Hear Voice of the Customer.
5. Network Hiring: Use LinkedIn Connections As Candidate References.
6. Selling is Driving: You Don’t Learn By Riding Shotgun.
7. Be Human: Personalize Your Communication.
8. Measuring Reps: Focus on Activity::Outcome Ratio.
9. Create Snipers: Balance Research and Calls.
10. Focus Coaching: Prioritize B-Players + New Hires.