January 27, 2009

IDC Defines Sales Enablement

We're asked all the time to define sales enablement. When most people think of sales enablement, they think of everything from recruiting to onboarding to training to sales engineers...

And they're right. But there's a second definition of sales enablement, one that is much more actionable. It's a bit narrower, and it focuses on preparing the sales person to have the "right" conversation with the prospect or customer.

Sales enablement is:

The delivery of the right information to the right person at the right time and in the right place necessary to move a specific sales opportunity forward

It's short and sweet, and for those who have not yet been intimately involved in a sales enablement initiative, it's still way too broad. This definition doesn't yet illuminate the activities that cause that delivery to happen.

We've outlined some of those activities in the presentation below -- the process issues, the governance requirements, and the attributes of high performance sales organizations that are getting it right.

Take a look and think about where your sales organization fits on the sales enablement maturity curve. Are you delivering the right customer-focused sales assets to your sales people? Do they need to search for presentations for each call (or have they given up and created their own?)

It's important to get this right now. Customers are getting restless...they have less patience than ever for unprepared sales people and report that one of three reps blow a deal by being unprepared.

The likelihood is that some, perhaps many of your reps are losing deals that you could win...that you should win. How would you know? Win/loss analysis? Reported by the reps? Um, nope.

If you do a good audit of your recent losses (conducted by someone other than the rep), you will start to build a picture of what actually happens in the selling conversation. In our experience, even for top tier vendors in F100 accounts, there is a wide range of performance.

In this market you cannot afford to lose those opportunities. A focus on sales enablement, and its partner, sales coaching (by the first line sales manager), will help you to win more of those opportunities, at negligible cost to your bottom line.

January 22, 2009

IDC Top 10 Sales Predictions

IDC Sales Advisory Practice:
2009 Top 10 Sales Predictions

1. Selling strategies that worked in 2008 will not work in 2009

2. Companies that significantly reduce their sales and marketing investments in 2009 will likely be gone by mid 2010

3. Companies that blame their lack of selling on the economy will fail by mid 2010

4. Sales organizations will be asked to do more with less

5. Companies have cut T&E budgets deeply. Most will lose valuable face time with customers and prospects. Those that shift headcount to inside sales will provide similar levels of customer touch at lower cost…and drive higher customer satisfaction

6. Sales organizations that bolster dedicated investments in lead quality and demand generation will be rewarded with significantly higher sales productivity. This is no time to hide!

7. Organizations that cut sales training in 2009 will suffer. Organizations that bolster sales training in 2009 will prosper

8. Savvy organizations will use the economic downturn as justification to replace direct sales “laggards” with well enabled inside sales. Customer (and employee) satisfaction and sales productivity will rise accordingly

9. If you remain confident & customer focused, understand the impact of the economy on your customer and strategize to serve them accordingly, your organization will be well positioned to thrive in 2010 and beyond

10. Continued support of customers during the downturn will earn loyalty (build relationship capital) when the turnaround comes

Source: IDC 2009

January 18, 2009

IDC 2009 Tech Sales Barometer

Despite the turmoil in the economy, tech sales executives are cautiously optimistic regarding 2009. However, success in 2009 will require some very different tactics, including substantially increased investments in demand generation, lead qualification, sales enablement and inside sales. The good news is that the funds for these investments will come from cutbacks in direct sales, sales training and T&E. This presentation provides further details.
IDC 2009 Sales Barometer
View SlideShare presentation or Upload your own. (tags: economy down)