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Sales Codification
Work Smarter. Not Harder.
Daniel Barber
Director, Sales Development & Operations
ToutApp, Inc.
@Gaijindan
Your Team
– Power-Law Distribution
Your Audience
– Status Quo Bias
Technology: Listen. Engage. Persist.
– Knowledge Workers
Social Randomness
– Social Proximity vs. Random
Agenda
3
People follow a Bell Curve,
right?
(NormalDistributionforthoseofyoucan’trememberStats101)
4
Wrong. 94% of people
don’t follow a Bell Curve.
Source: Ernest O’Boyle Jr., Herman Aguinis - Revisiting the Norm of Normality of Individual Performance.
Coach to the curve
Power-Law Distribution
6
Sources: Josh Bersin, The Myth of the Bell Curve, February 2014; Michael Mankins; How to Hire More Top Performers, May 2014
Your Audience
Push vs. Pull
7
– Company gets acquired
– Competitor releases new product/solution
– Incumbent sales rep leaves
– Prospect changes decision maker
– Prospect wins large account – increased capital availability
– Capital raise
How do you stop the inertia?
Status Quo Bias
8
Sources: Status Quo Bias in Decision Making – Journal of Risk and Uncertainty, Harvard, 1988; Jamie Shanks, AA-ISP Conference, February 5th, 2013
Technology
Listen. Engage. Persist.
9
What’s the cost of your
time?
11
# of Supported Reps x Rep
Quota / Working Hours
$3,800+/hr. (asmp. 500K quota)
Knowledge Workers
12
Data.com vs. oDesk
– 60% vs. 80+% accuracy
Intern vs. outsource
– What’s the experience?
IT Security
– Encrypted Google Document
Social Randomness
Territory Management 2.0
13
Accounts follow the
Pareto’s Principle, right?
(Hopefullyyoucaughttheearliertip,butifnot,thinkbacktoStats101)
14
Right. 20% of activity
brings in 80% of the
desired result.
Source: Ernest O’Boyle Jr., Herman Aguinis - Revisiting the Norm of Normality of Individual Performance.
Who’s in your 25%?
Quartile Development
Step 1: Know your customer – LinkedIn Function, Datanyze, BuiltWith,
SimilarWeb, import.io, etc.
Step 2: Introducing the Random Function, adjust for standard deviation,
mean, median and quartile breakdown
Step 3: Upload your clean data with SFDC data wizard
Step 4: Prioritize your outreach – 5X5 programs for your bottom 25%
e: daniel@toutapp.com
t: @gaijindan

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Sales Codification: Work Smarter. Not Harder.

  • 2. Daniel Barber Director, Sales Development & Operations ToutApp, Inc. @Gaijindan
  • 3. Your Team – Power-Law Distribution Your Audience – Status Quo Bias Technology: Listen. Engage. Persist. – Knowledge Workers Social Randomness – Social Proximity vs. Random Agenda 3
  • 4. People follow a Bell Curve, right? (NormalDistributionforthoseofyoucan’trememberStats101) 4
  • 5. Wrong. 94% of people don’t follow a Bell Curve. Source: Ernest O’Boyle Jr., Herman Aguinis - Revisiting the Norm of Normality of Individual Performance.
  • 6. Coach to the curve Power-Law Distribution 6 Sources: Josh Bersin, The Myth of the Bell Curve, February 2014; Michael Mankins; How to Hire More Top Performers, May 2014
  • 8. – Company gets acquired – Competitor releases new product/solution – Incumbent sales rep leaves – Prospect changes decision maker – Prospect wins large account – increased capital availability – Capital raise How do you stop the inertia? Status Quo Bias 8 Sources: Status Quo Bias in Decision Making – Journal of Risk and Uncertainty, Harvard, 1988; Jamie Shanks, AA-ISP Conference, February 5th, 2013
  • 10. What’s the cost of your time?
  • 11. 11 # of Supported Reps x Rep Quota / Working Hours
  • 12. $3,800+/hr. (asmp. 500K quota) Knowledge Workers 12 Data.com vs. oDesk – 60% vs. 80+% accuracy Intern vs. outsource – What’s the experience? IT Security – Encrypted Google Document
  • 14. Accounts follow the Pareto’s Principle, right? (Hopefullyyoucaughttheearliertip,butifnot,thinkbacktoStats101) 14
  • 15. Right. 20% of activity brings in 80% of the desired result. Source: Ernest O’Boyle Jr., Herman Aguinis - Revisiting the Norm of Normality of Individual Performance.
  • 16. Who’s in your 25%? Quartile Development Step 1: Know your customer – LinkedIn Function, Datanyze, BuiltWith, SimilarWeb, import.io, etc. Step 2: Introducing the Random Function, adjust for standard deviation, mean, median and quartile breakdown Step 3: Upload your clean data with SFDC data wizard Step 4: Prioritize your outreach – 5X5 programs for your bottom 25%

Notas do Editor

  1. How much is your top salesperson worth? According to Michael Mankins (partner at Bain Consulting), 4X the average performer. Average performers looks for other average performers, as they don’t want to rock the boat.
  2. To do nothing is within the power of all men.” -Samuel Johnson Most real decisions, unlike those of economics texts, have status quo alternative – that is, doing nothing or maintaining one’s original position.
  3. oDesk takes 10%, freelancer takes 90% (early stages 20-30% during initial stages) English language $2-5 per hour, French locals, Japanese minimum wage Google 2000 or more