Dec 05, 2018
Written by: Walter Ruckes
(View Author Bio)
Each New Year brings the opportunity to review what's working – and what's not – when it comes to motivating your sales team.
Do your reps feel like they have the tools they need to connect with prospects and customers? Are they inspired to push past the status quo to set (and hit) big goals?
From onboarding and training to data visualization and social selling, take a look at what other sales leaders are doing to motivate their teams in the year ahead.
Just when Baby Boomer and Gen-X managers started to figured out Millennials, along comes a new generation, Generation Z. Born sometime between 1996 and 2000, Gen-Z has never known life without a digital connection so they’re digital natives and multi-tasking is their way of life. Gen-Zers are focused and independent. According to a study by Dell Technologies, 25% of Gen-Zers prefer to work as part of a team rather than independently so think twice before having them hold hands with their Millennial teammates. Oh, and they’re highly entrepreneurial so challenge them to create their own future, before they head off to create their own company.
72% of high schoolers say they want to start their own business someday. (Source: millennialbranding.com)
Does your sales team use the content that your marketing team is producing? For many years, sales have given the cold shoulder to marketing. However, by now, most organizations now see the value in content marketing.
Sales teams have a wealth of information that they can pass down to the marketing team. Since they are the ones who are talking to the prospects, they can dig deep into common questions they are asking, and problems they face daily.
Content is essential to articulating your level of sophistication in understanding the customer needs and helping solve their issues. If you don’t teach prospects and customers about your products and services, someone else will.
This extends to the sales process as well. The Challenger Sales approach tells us to “teach, tailor, and take control of customer situations.” If sales and marketing are teaching different things, the result will be a confused customer (or more likely, an ex-customer).
Content marketing will be a $300 billion dollar industry by 2019, helping sales as well as marketing departments. (Source: marketingmag.com)
No one ever disagrees with the statement that salespeople sell what they know. However, nearly every data point says that one of the lowest priorities for companies is ongoing learning for their sales teams. Long-term success in sales requires a culture of learning. Make it easier to by breaking learning into ongoing bite-sized snacks, facilitating events where team members can teach each other, and creating “learn and earn” incentives to reinforce training completion.
One BIW client reported that over a two-year period, sales reps who took all of the training offered in their LMS were selling more than those who didn’t.
Most sales organizations only celebrate and reward their top performers. And more and more sales leaders are recognizing the importance of motivating and moving their middle performers. But new team members continue to get lost in the daily shuffle of priorities. By giving a new team member a great onboarding experience, they’ll be far more likely to go above and beyond their job description, stay with your organization longer, and deliberately make efforts to give their best every day.
One BIW client found that new-hire reps who participated in a newly implemented onboarding effort sold more after one year than tenured reps.
A mid-year slowdown is common among most sales teams. When you need your team to recommit and refocus, help them see where they’re at – literally. Instead of using spreadsheets and emails, use a tool that tracks and visualizes performance so they can see where they stand, what kind of progress they are making and where to focus their efforts.
Our brains process information in two significantly different ways: System 1 uses less energy, reacts faster and relies on feelings and emotions. System 2 takes more time and energy and is more rational. Switching between the two can help us make better decisions and take more effective action.
If you’re in sales and you aren’t paying attention to customer experience, you probably won’t be in sales for long. Not only do companies and brands need to differentiate themselves, but every salesperson also needs to make sure that each customer has a fantastic experience every time they interact with you or your company. Your goal is to create advocates who will help you tell your story to the world.
There’s nine times more to gain by elevating positive customer experiences than by eliminating negative ones. (Source: Forrester Research & The Power of Moments)
There’s nothing like having an awesome new product to sell and companies are launching new products at a faster rate than ever before.
However, anywhere from 70% to 90% of new products introduced to the market will fail. But fewer and fewer fall short due to product quality or design. Today’s most successful product launches are defined by driving awareness and advocacy, educating front-line sales teams, and optimizing launch investment to maximize ROI and sustain momentum.
If that’s the case, why do so many salespeople have trouble selling innovative new products? One theory is that after huge investments in R&D, many cultures celebrate immediate impact and sacrifice long-term growth. Companies and sales teams that take a long-term view of innovation are most successful.
A study we recently conducted showed that field reps who are working with the sales organization in a new product launch can make a huge difference in how well reps embrace new product launches and associated programs, including incentives designed to focus the field on the launch.
It used to be that social selling meant inviting prospects or customers out for a drink or dinner. Although that still happens frequently, social selling is all about using social media tools like LinkedIn, Twitter, Facebook, and Instagram to let the world know who you are, what you do well, and how you help your customers grow.
The marketplace is always looking for something new, something that “fits” their needs. We need to be visible, viable, and ready-to-move on their behalf. Would you take a meeting with someone without first “screening” them on LinkedIn, or searching for feedback on them via Twitter, or assessing who or where they do business today? Visibility is key to first-level credibility. As we mentioned in trend #2, content is essential to articulating your level of sophistication in understanding the customer needs. Some salespeople are more advanced in the process than others, but using social media is a table stake in selling today and will continue to be in 2019.
According to recent research, many companies still struggle when it comes to using social media to support the efforts of their sales organization. What’s your strategy and how is it working?
In the world of customer experience, the message we’re hearing is “experiment, then refine” or “test, then optimize.” Marketing uses A/B testing frequently — so should sales!
BIW recently performed an A/B test with a national sales organization to determine which rewards drove the most inspiration and effort.
The results of the test informed an effort that drove significantly better results.
Nowadays, the future of pretty much everything seems to include Artificial Intelligence (AI). The world of sales is no different. AI can help price your solutions based on a variety of influencers. It can help sales managers forecast better. Having trouble up-selling and cross-selling? AI is ready to help. Plan your territories better. Manage salesperson performance. Develop and score leads. There is virtually no end to the ways AI can support the sales effort and identify ways to grow faster and be more productive.
In 2017, only 33% of customers believed they were using artificial intelligence; turns out over 77% were actually using it.
Over the last decade, corporations around the globe have tapped into sophisticated social recognition systems to make it easy for managers to thank employees for a variety of activities and results. Why should your sales teams and channel partners be any different? Smart sales managers look for every opportunity to recognize achievements big and small. Some ideas include: completing training, getting up to speed quickly on a new product, helping out a team member, reaching a short-term goal, or hitting an anniversary with the company.
Based on results from our client programs, turnover is 17.7% lower among employees who experience at least one recognition moment.
Experts keep predicting that the investment in sales automation will start paying off soon. Although the investment in technology and analytics will continue, and customers will continue to hide online, there is definitely room to build relationships, create experiences, and connect with customers on an emotional level. Behavioural scientists would call this the difference between the slow and the fast brain. Why not try a little fast-brain selling in 2019? Set an audacious goal. Nurture existing relationships. Build new ones. And focus on the priorities that will make you successful this year — and in the coming years.
Salespeople who get to choose their own goals are more likely to stretch and achieve than those who are assigned goals.
What sales trends are you most excited about?