Sales quota achievement continues to decline- now below 50% in most organizations. The question is, why aren’t all the new processes, tools, apps, skills training and distributed learning filling that gap? A new 2017 study gives us some answers.
Mike
SMA looked at a list of key attributes to what constitutes sales success.
Then examined companies who rated themselves as “effective” in each of those areas.
Then looked at the impact on company productivity for each of those areas.
Our analysis compared firms effective in training specific salesperson capabilities with their peers that are less effective in training the same topics. We found positive correlation between training effectiveness and firm sales achievement. All topics researched showed some positive correlation, and overall sales performance variance ranged between 5% and 20% improvement. Firms effective in training salesperson motivation drive showed the greatest change in overall sales performance, a 20% improvement over their peer firms less effective in training this capability. Two other topics also showed correlation with improved growth of 15% or more – training a “Deep belief in what is sold” (17% improvement) and confidence (15% improvement).