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12/02/15 RAIN Group Webinar Slides

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12/02/15 RAIN Group Webinar Slides

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Increasing your win rate could make a huge difference in beating your 2016 sales goals. Join Mike Schultz and Dave Boyce as they share key insights and surprising research about what you can do to achieve higher win rates, as well as which sales technologies enable greater sales goal achievement.

In this webinar you will learn:

-What separates top-performing sales organizations from the competition
-Which four questions you must answer to win the sale
-Which sales technologies can help you increase conversion rates and contract value

Increasing your win rate could make a huge difference in beating your 2016 sales goals. Join Mike Schultz and Dave Boyce as they share key insights and surprising research about what you can do to achieve higher win rates, as well as which sales technologies enable greater sales goal achievement.

In this webinar you will learn:

-What separates top-performing sales organizations from the competition
-Which four questions you must answer to win the sale
-Which sales technologies can help you increase conversion rates and contract value

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12/02/15 RAIN Group Webinar Slides

  1. 1. Featuring Mike Schultz, President at Rain Group and Dave Boyce, SVP Momentum Strategy at InsideSales.com 5 KEYS TO INCREASING YOUR WIN RATE webinar
  2. 2. Mike Schultz President Rain  Group linkedin.com/in/mikeshultz50 RainSalesTraining.com Today’s Speakers Dave Boyce SVP  Momentum  Strategy InsideSales.com linkedin.com/in/boycedave
  3. 3. THANKS FOR JOINING US LIVE!
  4. 4. HOW THIS WILL WORK • This webinar will last about an hour • Type in your questions in the Q&A box as you think of them • #ISDCwebinar • This is being recorded… I’ll tell you how to access the recording at the end
  5. 5. 2-­‐time  CEO,  Oracle  VP,  Father  of  6,  Harvard  MBA.   Specialties:  Software  and  marketing  entrepreneurship,  media   and  entertainment  entrepreneurship,  business   development,   corporate  strategy,  business   development,   branding,  corporate   communications  /  PR,  solution   marketing,  retail. Dave  Boyce  is  SVP  Momentum  Strategy   at  InsideSales.com
  6. 6. 6 Mike is author of the Wall Street Journal bestseller Rainmaking Conversations & groundbreaking Insight Selling. He and RAIN Group have worked with clients such as Hitachi, BNY Mellon, Lowes, SAP, Boeringer Ingelheim, Deloitte, Harvard Business School, and hundreds of others to unleash sales performance. Mike is director of the RAIN Group Center for Sales Research, adjunct professor at Brandeis University International Business School, and a frequently quoted expert in publications such as Inc., Forbes, & Business Week. Mike Schultz is President of RAIN Group, a sales training and consulting firm with offices around the globe.
  7. 7. 7©  RAIN  Group Introduction to the Top-Performing Sales Organization Demographics Revenue § 13% less than $10M § 24% $10M to $50M § 38% from $50M to $1B § 27% from $1B or more Geography § 57% Americas § 28% EMEA § 15% APAC Roles § 80% management and leadership § 20% sellers We studied responses from 472 participants across 26 industries (Professional/Business Services, Financial, Technology, and others) with the following demographics: What do the top-performing sales organizations do differently than the rest?
  8. 8. 8©  RAIN  Group Elite, Top Performers, & Rest Defined Elite Performers top 7% of respondents Top Performers top 20% of respondents The Rest Average proposal win rate 50% or greater 40% or greater Those who didn't meet the Elite or Top Performer criteria Annual revenue and profitability Increase year-to-year N/A Organization annual sales goal Met Same as Elite Organization annual sales goal Challenging (Strongly Agree/Agree/Neutral) Same as Elite Pricing strategy Maximum prices in line with the value provided (Strongly Agree/Agree) Maximum prices in line with the value provided (Strongly Agree/Agree/Neutral) We categorized respondents into 3 performer groups:
  9. 9. 9©  RAIN  Group Driving Maximum Value 81% agree 61% agree 91% agree Elite Performers Top Performers The Rest Ask someone in the presence of other people if their company and sales organization drives value for their customers,and they’ll say yes. Ask them confidentially in a researchstudy, and you may get a wholly different answer. Figure 8. Organizationfocuses on drivingmaximum value for the customer
  10. 10. 10©  RAIN  Group Value-Driving Sales Organizations 1 Our sales organizationfocuses on driving maximum value for the customer 2 Our sales force structure is aligned withthe wayourcustomers prefer to buy from us 3 Our sales process is customer-focused andmaps to our buyers’ buyingprocesses 4 Our sales process is flexible to apply to our buyers’ various roles and situations 5 Our companyleaders prioritize developing sellersto be as valuable to our buyers as possible Everyone says value makes a difference in sales and business results. We wanted to test that assumption, and see what difference it makes. We asked 5 questions related specifically to value and customer focus. 16% of the respondents answered “agree” or “strongly agree” to all 5 questions. We compared that “Value-Driving” group with the remaining 84%.
  11. 11. 11©  RAIN  Group Value-Driving Sales Organization Value-Driving Sales Organizations 90% 72% 0% 25% 50% 75% 100% Elite PerformersTop Performers REVENUEGROWTH(%) 54% 45% 0% 25% 50% 75% 100% Elite PerformersTop PerformersWINRATE(%) 27% 39% 0% 25% 50% 75% 100% Elite PerformersTop Performers UNDESIREDTURNOVER(%) Non-Value-Driving More Likely to Grow Revenue Higher Win Rate Lower Undesired Turnover Revenue growth of Value- Driving organizations Win rate of Value-Driving organizations Undesired turnover of Value- Driving organizations
  12. 12. 12©  RAIN  Group Making the Value Case “Improve ability to communicate value” is the top initiative priority of sales leaders Sales winners are more than twice as likely as second- place finishers to make the case for why they offer overall superior value 2X The surprising difference between sellers who win the sale and the second-placefinishers. WHAT SALES WINNERS DO DIFFERENTLY by Mike Schultz & John Doerr
  13. 13. 13©  RAIN  Group Maximize Value The Four Whys Why Trust?4 1 Why Act? 2 Why Now? 3 Why Us? Resonate Differentiate Substantiate
  14. 14. Key #1: Drive Value
  15. 15. 15©  RAIN  Group Priorities Improving ability to communicate value Improving sales opportunity approach and planning Optimizing the sales process 38% 31%42% Three of the four Top Sales Initiative Priorities for the next year include:
  16. 16. 16©  RAIN  Group Trend Against Sales Process “Sales leaders have long fixated on process discipline...But recently sales has been caught off guard by a dramatic shift in customers’ buying behavior. Even as leadership has tightened compliance with the processes that have served so well, sales performance has grown increasingly erratic… “The sales machine is stalling…. Leaders must abandon their fixation on process compliance and embrace a flexible approach to selling driven by sales reps’ reliance on insight and judgment.”
  17. 17. 17©  RAIN  Group More Process Focus, Better Results Organizations with more mature and more customer-focused sales processes achieve stronger results. 57% 52% 44% 0% 20% 40% 60% 80% WINRATE(%) Win Rates by sales process maturity Sales process is customer-focused and maps buying processes 74% 64% 44% 0% 20% 40% 60% 80% STRONGLYAGREE/AGREE (%) 74 % 67 % 50 % 0% 20% 40% 60% 80% STRONGLY… Sales process is flexible to apply to buyers’ various roles & situations
  18. 18. 18©  RAIN  Group The organization’s sellers have the skills they needto find and win business consistently andata high level Driving and winning sales opportunities The RestElite Performers Top Performers Top skill of Elite Performers: Driving and Winning Sales Opportunities#1 86% 68% 50% 0% 20% 40% 60% 80% 100% STRONGLYAGREE/AGREE (%)
  19. 19. Key #2: Optimize Sales Process & Opportunity Management Key #1: Drive Value
  20. 20. 20©  RAIN  Group The #1 Difference Between Top-Performers & The Rest Our sales organization is effective at maximizing sales to existing clients across capability areas
  21. 21. 21©  RAIN  Group Growing Accounts is a Top Priority of respondents said increasing business with existing accounts is a top priority for the year ahead50% The RestElite Performers Top Performers Sellers have the skills they need to drive account growth: 74% 65% 43% 0% 20% 40% 60% 80% STRONGLYAGREE/AGREE (%)
  22. 22. Key #3: Grow Existing Accounts Key #1: Drive Value Key #2: Optimize Sales Process & Opportunity Management
  23. 23. 23©  RAIN  Group Sales Training Investment, Focus, & Effectiveness Elite and Top Performers are more likely to invest in sales training and rate their training as more effective. Sales trainingeffectiveness Investment andfocus on sales training 57% 44% 27% 0% 25% 50% 75% 100% EXCELLENT/GOOD(%) The RestElite Performers Top Performers 51% 30% 14% 0% 25% 50% 75% 100% EXTREMELY/VERYEFFECTIVE(%)
  24. 24. 24©  RAIN  Group Selling Skills Across Performance Groups Elite and Top Performers have significantly more skilled sellers. The organization’s sellers have the skills they needto find and win business consistently and at a high level 86% 77% 77% 74% 69% 69% 69% 66% 51% 68% 52% 65% 65% 49% 56% 51% 48% 52%50% 37% 41% 43% 32% 41% 32% 31% 43% 0% 25% 50% 75% 100% STRONGLYAGREE/AGREE(%) Driving and winning sales opportunities Filling the pipeline Core consultative selling Driving account growth Advanced consultativ e selling Developing executive relationship s Managing time, focus, personal effectiveness Managing & coaching sellers Sales negotiation The RestElite Performers Top Performers
  25. 25. Key #4: Invest in Sales Training Key #1: Drive Value Key #3: Grow Existing Accounts Key #2: Optimize Sales Process & Opportunity Management
  26. 26. 26©  RAIN  Group 63% 43% 29% 0% 20% 40% 60% 80% STRONGLYAGREE/AGREE (%) Sales Management Organizations are more likely to be Elite or Top Performers when sales managers inspire the best performance from their sellers. …get maximum performance from sellers …create and sustain maximum energy from sellers 77% 55% 32% 0% 20% 40% 60% 80% STRONGLYAGREE/AGREE (%) 66 % 48 % 31 % 0% 20% 40% 60% 80% STRONGLY… …have the necessary skills to manage and coach sellers Sales managers… The RestElite Performers Top Performers
  27. 27. 27©  RAIN  Group Leadership and Priorities We studied leadership prioritization of selling and sales force excellence, as well as leadership ability to execute. The rigor and investment leadership allocates to sales performance makes a difference. 80% 69% 57% 0% 25% 50% 75% 100% STRONGLYAGREE/AGREE(%) 74% 69% 51% 0% 25% 50% 75% 100% STRONGLYAGREE/AGREE(%) Our companyleaders prioritize improvingsales force effectiveness When our leaders set a priority, the priority gets done The RestElite Performers Top Performers
  28. 28. Key #1: Drive Value Key #4: Invest in Sales Training Key #3: Grow Existing Accounts Key #2: Optimize Sales Process & Opportunity Management Key #5: Improve Sales Management & Leadership Effectiveness
  29. 29. ©  RAIN  Group 29 Free Download: Increase Win Rates & Beat Your Sales Goals In this free white paper, you’ll learn: q What your organization needs to do to increase win rates q 5 ideas to strengthen your sales process q New research on what separates top-performing sales organizations from the rest Download Now! www.RainGroup.com/Win
  30. 30. ©  RAIN  Group    |    info@raingroup.com    |    508-­‐405-­‐0438    |    www.raingroup.com     30 About RAIN Group AREAS OF FOCUS § Sales performance consulting: analysis, strategy, enablement, process, messaging, and team assessment § Skill and knowledge training across sales topics § Sales management and coaching training § Strategic account management training and consulting § Direct sales coaching and coach the coach CORE INDUSTRIES § Banking, Financial Services, and Insurance § Healthcare and Pharmaceutical § Hospitality § Industrial and Manufacturing § Other Complex B2B Sales § Professional and Business Services § Technology and Telecommunications COMMITMENTS § World-class method and programs § Excellence in consulting and training processes, technology and delivery § Thought leadership, research, and publishing § Client focus: programs and partnership must work for you § Values-driven organization Boston | Geneva | Johannesburg | London | Mumbai | Sydney | Toronto Global sales training and consulting company since 2002 Unleash Your Sales Potential
  31. 31. Marketing Automation Sales Acceleration CRM $12.8B Technology Spend • Sales Dialing Tools • Sales Email Tools • Sales Forecasting Tools • Contacting Tools • Gamification • Predictive Analytics Sales Acceleration optimizes sales activities
  32. 32. Marquee customers
  33. 33. Skills TECHNOLOGY
  34. 34. TODAYS WEBINAR RECORDING • Tomorrow we will email you a link to today’s recorded webinar. Feel free to share it with your colleagues. • Take advantage of the resources available for download
  35. 35. QUESTIONS & ANSWERS USE THE Q&A BOX NOW.
  36. 36. Mike Schultz President Rain  Group linkedin.com/in/mikeshultz50 RainSalesTraining.com Today’s Speakers Dave Boyce SVP  Momentum  Strategy InsideSales.com linkedin.com/in/boycedave

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