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Posts Tagged ‘Sales Readiness’

People Buy from People

Monday, December 7th, 2009

Sales Enablement: People Buy from People
Craig Nelson, CEO, iCentera

Here’s a story from my past that I’d like to share. A gentleman by the name of Len D’Innocenzo said something to me once that has stayed with me over the years.  At dinner, we were discussing what it took to effectively sell in any market, good or bad.  After a big Italian meal, Len says, “Craig, it’s this simple — people buy from people.”  My response was. “That’s it?”  With all the sales methodologies and techniques, positioning and presentation skills, negotiation skills, and other sales disciplines that Len promotes as part of his firm’s sales training, the bottom line is that… people buy from people

 

But, given Len’s deep experience in the world of sales, I knew I had to stop and think about what he was saying.  Len had real-world background, he had sold for many years carrying a quota, had managed sales, and had then launched a successful sales training firm.  He went on to say that, in his long career, there was one truth:  if the buyer doesn’t trust the seller and doesn’t believe that the seller is credible or adds value to the selling process, the buyer will not buy from that seller.

 

Len also pointed out that the second most important thing to a buyer is the credibility of the company that the sales person represents.  My response was, “Well, that’s interesting, but you still haven’t mentioned anything about the product.”  Len said with a big smile, “Actually, the product is a distant third in importance to the buyer during the sales cycle.”  He repeated those words — that, from a buyer’s perspective:

            •           People buy from people

            •           Then they buy the company

            •           Then they buy the product

 

That conversation with Len took place more than 10 years ago, and I think it’s fair to say that, in these times, Len’s wisdom is truer than ever.   Most markets today are very competitive, and the threat of being outsold by a more credible and better informed sales rep that adds value to the sale is a very real possibility.  Given today’s tight budgets, a “no” decision results in many deals staying hung up in the sales funnel.  Accelerating new business now requires a well informed sales channel.  Today, information really is power. 

 

If you don’t buy in to this point, stop and think about how well informed today’s buyers are because of the research they do on the Internet before they even connect with your sales channel.

 

Want to impress Len?  Call your customer 3-5 minutes prior to the meeting start time, and be prepared to start the discussion with your insight on the market as it pertains to the customer’s needs.  At the end of the call, clearly differentiate from the competition, expand on the merits of doing business with you and your company, and then confirm your product’s value proposition based on the customer’s needs.  And the key?  Do this every day of your selling career.  

 

If you are in marketing or a product management role, be sure that you have packaged the marketing material and supporting knowledge in a way that can be easily consumed and understood — then track it, measure it, to see if it makes a difference.  If the marketing material doesn’t help to advance the sale, retire it.  If it does, keep it current.  In the end, if the proper knowledge transfer from marketing and PM to sales, and then from sales to your customers daily, you will dramatically improve your sales channel’s ability to add value to the customer’s buying decision. 

 

And if you agree with Len, which I do, this will happen with your own vendors as well.  If a sales person adds value to your day, you will most likely call that person back and, in turn, begin to build a lasting relationship. 

 

No question: people do buy from people. It is that simple.

Using a Sales Enablement Platform to Harness and Control the Power of Social Media

Sunday, September 13th, 2009

Sales Enablement: Harness and Control the Power of Social Media
Craig Nelson, CEO, iCentera

According to a recent Aberdeen Group research report, Sales2.0 Social Media for Knowledge Management and Sales Collaboration, Aberdeen Research states that 94% of best-in-class companies are now using social media within their marketing departments, and 88% within their sales organizations.  Companies of all sizes must respond to the surge in popularity of social tools such as Twitter, wikis, and other tools.  Once primarily used by staff outside of work, today these tools are showing up in mainstream corporate use.

Social media has huge benefits, but, left unchecked, it poses great risk or simply clutters the airwaves.  As part of an overall Sales Enablement platform strategy, social media content becomes an immediate and effective way to harness the power of the collective knowledge of your company, your partners, and your customers, to, in a sense, “build your marketing bench” with information proven in the field to sell.  As the saying goes, “there is power in numbers.”

Imagine marketing material being refined based on field usage, or material being engineered and published in the course of selling.  This is great news for marketing: no need to start from scratch! Content flows daily based on field input, thus netting out best practices as a by-product of doing business.  But, there must be controls to ensure there is no harmful, unsanctioned content.  I hear daily how content, once it’s published on a web page, becomes gospel — whether it’s correct or not. Can you say consistent messaging nightmare? No question, rogue wiki pages and marketing content created in the field keep corporate marketing up at night.

Social media is business-critical, not a “nice to have.”  Today, subject-matter experts share and collaborate online, reducing the cost of sales and allowing organizations to scale more effectively with fewer resources.  In addition, companies gain enhanced awareness by reaching the larger social community — including partners, analysts, press, and others that influence new business — while driving sales directly by establishing more robust communications with customers and prospects.

The Organization’s Role in 360 Sales Enablement

Wednesday, July 22nd, 2009

Sales Enablement: The Organization’s Role in the Success of Sales
Craig Nelson, CEO, iCentera

As a sales rep, you learn very quickly the degree of support your organization has in place to enable your selling success.  I’ve had the opportunity to be part of companies that truly believed that, in the end, there are only two kinds of people in a successful company:  1) those who sell; and 2) those who enable sales.  Nowhere is this organizational trait more apparent than within emerging growth companies – firms where every person is working towards the same goals:

•           building great products

•           crafting an easy-to-pitch value proposition

•           creating sales-ready marketing material

•           putting in place a collaborative team-selling environment to make it all work

If you’ve worked for a company like this, you know how exhilarating it is — there’s no time to watch the clock, and the “it’s not my job” mentality simply does not exist.   What we’ve learned having worked for similar companies is that a belief in the need for sales enablement along with technology plays a big part when it comes to making enablement work.  And what we’ve learned at iCentera is that a technology services platform geared to drive sales enablement gives any size company the opportunity to put in place an environment that will bring the weight of their entire organization to every sales call.

Given the current economy combined with a savvier buyer, selling processes and enablement tools must change.  The days of a sales rep equipped with an CRM/SFA tool and static sales intranet portal are over.  The timing is right to do more on the enablement front, but to create a sense of urgency for any new initiative such as sales enablement, may require justification including a quick time-to-value for the business.

Given the need to sell more with less, we are certainly finding there is no shortage of justification for sales enablement today.  A recent research report entitled Uncovering the Hidden Costs of Sales Support, Scott Santucci of Forrester Research tells us there are golden opportunities to improve sales effectiveness, while reducing the cost of sales.  His findings speak for themselves:

•           Technology vendors are spending, on average, 19% of their selling, general, and administrative (SG&A) costs — or $135,262 per quota-carrying salesperson — to support-related activities.

•           Few are aware of this enormous amount because the costs are hidden — tucked away in many different budgets dispersed throughout the organization.

•           Corralling these “random acts of sales support” presents a golden opportunity.

•           By creating a strategic sales enablement program, marketers and sales can drive significant cost savings in the short term, while improving their companies’ competitiveness to thrive in the new growth cycle.

In future blog posts, I’ll cover the building blocks required for sales enablement along with examples of best practices from companies that embrace this notion of true sales enablement, permeating through the entire organization.  Day-to-day, these companies are thinking about the success of sales — or, as one of our customers put it, “Channel First.”  If your organization has a true sales enablement solution combined with the right mentality to enable your channel, both your top and bottom lines will certainly see a positive impact.

What can we do to help you leverage the sales enablement revolution?  Please use the comments section of this blog to ask questions or give us your perspectives. And we’d love to hear from you by phone or email as well.