Sales Enablement is the hot go-to-market topic of 2014-2015. It’s all about equipping sales people with content and tools to help advance opportunities to close. Last week I had the chance to co-present on Sales Enablement with KnowledgeTree customer Brian Groth from Xactly. It was a great session at the Open Lounge during Dreamforce. I’ve summarized the presentation below, and included our slides from the session.
You can also access a recap of Brian’s portion of the session here.
The Challenge of Sales and Marketing
A classic business problem has long been the sales and marketing divide. Hundreds of blog posts and articles have been written on the topic. We ourselves have written and surveyed extensively on the topic too. It’s now time to move on.
We can move on by looking into the core reasons for the friction and how to solve them. The friction generally stems from a misalignment in terms of goals. So, what are the primary goals of marketing and sales enablement for B2B companies? They’re twofold:
First, generate qualified leads that translate into qualified opportunities and won deals.
Second, create and deliver sales tools that help sales teams to advance deals through to close.
The sales and marketing / sales enablement divide arises because of misalignments in achieving these two goals. But the good news is that as an industry we’re making great strides on both fronts.
The Rise of Smarketing
Increasingly sales and marketing are no longer two solitudes that stand apart. Instead, they are intimately connected. That’s because it is no longer enough for marketing to generate high lead volumes. Marketing must deliver leads that are qualified, that translate into genuine opportunities.
Sales and marketing are now jointly responsible for revenue numbers and are signing Service Level Agreements to that effect. Holding marketing accountable and closely monitoring conversion rates at all stages is vital to helping enable sales teams with truly qualified and prioritized prospects to work.
But What About Sales Enablement Tools?
As an industry we are making great progress on the first cause of the divide. But what about working toward getting great sales tools into sales teams hands. This is where marketing and sales enablement teams can get ahead of the market with a strong focus.
Let’s explore why sales enablement tools are so critical today to address the sales and marketing divide.
The New Sales Funnel
If you’ve ever bought technology for your company you were likely faced with a burning issue that rose to the top of your priorities. After all, you weren’t waiting by the phone for a sales person to call you. Instead you were likely ranking the challenges of your company, and investigating solutions to those problems.
Jill Konrath in her fantastic book Snap Selling discusses the concept of the ‘harried buyer’. That is, a buyer who has so many competing priorities that it is
4. @petermollins #openlounge
1. Support Consensus
Buyer Preference
Purchased From Vendor Who Provided
Content
95% 5%
Vendor Provided
Ample Content
Inadequate Content
Provided
Source: DemandGen Report
20
People Have to Give
Consensus in the Average
B2B Sale
Consensus depends on
messages
Source: Four Quadrant
5. @petermollins #openlounge
2. Build Trust in Every Conversation
According to Enterprise
61%
Of sales people add no
value to the sales process
Source: Forrester
Buyers…
Are sales teams
sharing ‘popular’
or ‘proven’
messages?
6. Content Waste
% Used By Sales Team
@petermollins #openlounge
3. Make Every Second Count
Sales
25% 70%
Of B2B Marketing
Budgets Goes to Content
Never Used
By Sales Team
Source: ITSMA & SiriusDecisions
but
Time Wasted
% of Sales Person’s Day
30%
Of Sales Team’s Day Spent Looking for or Building
Messages for Prospects
Source: CEB
70%
waste
7. @petermollins #openlounge
4. Repeat Your Best Practice
82%
39%
Quota
Attainment
% of Sales Team
2x
Doubled Quota Attainment for
Teams that Encourage Best
Practice
How do your best
sales people
message to
prospects?
Source: Aberdeen
8. How the New Funnel Affects Go To Market
@petermollins #openlounge
1. Support Consensus Buying
2. Build Trust in Every Conversation
3. Make Every Second Count
4. Repeat Best Practice
Peter Mollins
peter@knowledgetree.com
9. 4 TOP WAYS MARKETING FAILS SALES
AND HOW TO FIX THEM
B R I A N G R O T H
S A L E S E N A B L E M E N T
M A N A G E R
X A C T L Y, C O R P O R A T I O N
O C T O B E R 2 0 1 4
10. 1. Content Creation
Marketing
• Messaging Framework
• Datasheet / Factsheet
• Case Studies / Customer Stories
• Sales Pitch (maybe)
Sales
• Cold call scripts
• E-mail templates
• Competitive
comparisons/objections
• Sales Pitch (on their own)
Content that
positions
Content that
advances the sale
Fix: Define ownership & input for creating customer-facing
content
11. 2. Content Management
Marketing
• Product info
– For web & social sharing
– For e-mail newsletters
• Product info
– By industry, By persona, By
content type
Sales
• Available immediately
• Easy to share
• E-mail template when needed
• NDA, Order Form, etc. when needed
• Product info when needed
Managing content
types & channels
Right content at the
right time
Fix: Think of sales as another channel needing quick responses
12. 3. Motivation
Marketing
• Pageviews
• Downloads
• Social shares
• Buzz
• New leads
Sales
• Quota
• SPIFF
• Gamification
• President’s Club
Reach & usage of the
content
Rewards & recognition
for closing deals
Fix: Educate marketing on the variables in the sales commission
plan
13. 4. Sales Process
Marketing
• Generate Brand Awareness
• Generate Leads
• Sales Accepted Leads (SAL)
Sales
• Sales Qualified Leads (SQL)
• Needs Analysis
• Value Proposition
• Proposal
• Negotiation
• Close
Pre-sales Closing
Fix: Have shared metrics, such as SAL and SQL
14. 4 Top Ways
Marketing Fails
Sales And how to fix
them
1. Content Creation: Define
ownership & input for creating
customer-facing content
2. Content Management: Think
of sales as another channel
needing quick responses
3. Motivation: Educate marketing
on the variables in the sales
commission plan
4. Sales Process: Have shared
metrics, such as SAL and SQL
Brian Groth
Sales Enablement Manager @ Xactly
bgroth@xactlycorp.com
Hinweis der Redaktion
Session Title: 4 Top Ways Marketing Fails Sales: And How to Fix Them
Session Description: The #1 job of marketing is to help sales sell more. Hear the 4 most common failures for marketers, and how to address these issues fast. Special guest Brian Groth, sales enablement manager from hyper-growth company Xactly. He'll explore a real-world example of how to synchronize how marketing and sales communicate with prospects.
Marketing is not focused on building the content that sales needs, or at least usually not all of the content they need.
Understandable, but sales needs to spend time closing deals, not creating content.
Right content, right time: Push the right sales enablement content to sales teams. Where they need it, when they need it.
Match content to any sales situation - by industry, persona, stage, and more.
Surface content anywhere - in Salesforce.com or mobile devices with Salesforce1
Centralize content from everywhere - your blog, videos, file shares, and internal content like sales training tool
Automatically recommend content that accelerates your sales process
Identify gaps in your content library to better target messaging to prospects
Alert sales teams via email and Chatter when prospects view content
Connect with Marketo, Eloqua, Pardot, or Hubspot for a complete view of your funnel
Pay based on factors the sales rep can control
Content Creation
Content Management
Motivation
Sales Process